CHARITY REGISTRATION NUMBER: 1109229
BRITISH FRIENDS OF IGUD HAKOLELIM
B'YERUSHALAYIM
Unaudited Financial Statements
30 June 2024
G A HARRIS & CO LIMITED
Chartered accountants
Brulimar House
Jubilee Road
Middleton
Manchester
England
M24 2LX
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM
Financial Statements
Year ended 30 June 2024
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial position
Statement of cash flows
Notes to the financial statements
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM
Trustees, Annual Report
Year ended 30 June 2024
The trustees present their report and the unaudited financial statements ofthe charity for the year ended
30 June 2024.
Reference and administrative details
Registered charity name
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM
Charty registration number
1109229
Principal office
15 Alba Gardens
London
NW11 9NS
The trustoes
Julian Bamberger
Joel Aaron Rabinowitz
Abigail Bamberger
Independent examiner
Gary Harris
Brulimar House
Jubilee Road
Middleton
Manchester
England
M24 2LX
structure, govemance and management
British Friends of Igud Hakolelim B'yerushalayim is a registered charity, registration number 1109229,
and is governed by a deed dated 4th April 2005. The day to day affairs of the charity are run by the
board of Iruslees which is chaired by Rabbi Joel Aaron Rabinowitz.
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM
Trustees, Annual Report (contlnued)
Year ended 30 June 2024
Objectives and activities
The objectives of the charity are the furtherance of Jewish religion and Jewish religious education and
the alleviation of poverty among the Jewish community throughout the wodd.
How our activities achieve public benefit..
The Charity carries out a range of activities in pursuance of ils charitsble aims. The Trustees consider
that these aclivilies, summarised below, provide benefit lo the communities in which they are involved.
The main activity of the charity is the upkeep and Maintenan of a number of registered charities in
Israel. These charities are all involved in supporting individual families to advance their Jewish religious
education. These families are in dire need of financial assistance and proposed recipients are assessed
in order to meet these needs. Help is also given to those who require medical assistance.
The Trust's main source of income is from donations.
The Trust's policies have remained the same throughout the year.
Achievements and performance
During the year the charity received donations of £555,96412023.. £1,201,323) and donated £649,938
12023.. £1,065,15511o institutions in Israel that support families to advance their Jewish religious
education. This has enabled InstilLJtions lo catry on their charitable activities and significantly improve
the lives of their beneficiaries and students.
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM
Trustees, Annual Report (contlnued)
Year ended 30 June 2024
Financial review
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free resetve of the charity, at
a level which the trustees think appropriate after considering the future commitments of the charity and
the likely administrative costs of the charity for the next year.
The Iruslees believe that reserves of £218,335 12023.. £312,309) are sufficient as it has very litue
administrative expenses and does not have any binding future commitments. As al 30 June 2024 the
charity had £218,335 unreslricled funds.
Risk Policy
The trust has assessed the major risks to which it is exposed in particular those relating to the operations
and finances of the Trust, and is satisfied the systems are in place to mitigate ils exposure lo those
risks.
Plans For Future Periods
The charity will continue to further its objectives of advancing and furthering Jewish religion and Jewish
religious education by offering financial assistance to various institutions in Israel which have the same
objectives.
The Iruslees are most grateful to all their rular donor5 and hope that they will continue to support this
charity. The Iruslees are also hoping that the current donors will introduce new potential donors.
The trustees, annual report was approved on 18 June 2028 and signed on behalf of the board of Iruslees
Julian Bamberger
Trustee
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM
Independent Examiner's Report to the Trustees of BRITISH FRIENDS OF IGUD
HAKOLELIM B'YERUSHALAYIM
Year ended 30 June 2024
I report to the trustees on my examination of the financial statements of BRITISH FRIENDS OF IGUD
HAKOLELIM B'YERUSHALAYIM I'the charity'l for the year ended 30 June 2024.
Responslbllltles and basls of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 I'lhe Act'l.
I report in respect of my examination of the charity's financial statements carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 14515llbl of the Act.
Independent examiner's statement
sin the charity's gross Income exceeded £250,000 your examiner musl be a member of a body listed
in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am
a member of the Institute of Chartered Accountants in England and Wales IICAEW), which Is one of the
listed bodies.
I have completed my examination. I confirm that no material matters have come lo my attention in
connection with the examination giving me cause to believe that in any material respeel..
accounb'ng records were not kept in respect of the charity as required by section 130 of the
Act", or
the financial ststemenls do not accord with those records," or
the fi'nancial statements do not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities IAccounls and Reports) Regulations 2008
other than any requirement that the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM
Independent Examiner's Report to the Trustees of BRITISH FRIENDS OF IGUD
HAKOLELIM B'YERUSHALAYIM (corttinued)
Year ended 30 June 2024
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
resched.
Gary Harris
Independent Examiner
Brulimar House
Jubilee Road
Middleton
Manchester
England
M24 2LX
18 June 2026
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BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM
Notes to the Financial Statements
Year ended 30 June 2024
General information
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is 15 Alba Gardens, London, NW11 9NS.
Statement of Compllance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities
SORP IFRS 10211 and the Charities Act 2011.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements,
estimates or assumptions that affect the amounts reported.
Fund accounting
Unreslricled funds are available for use at the dIsCtion of the Iruslees to further any of the
charity's purposes.
Designated funds are unreslricled funds eam)arked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall into one of sub-classes.. reslricled income funds or endowment
funds.
BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM
Notes to the Financial Statements (conllnued)
Year ended 30 June 2024
Accounting policies (conllnuedj
Incomlng resourees
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., il is probable that the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entillement to the
gift, receipt is probable and its amount can be measured relisbly.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical lo measure reliably, in which case the value is derived from the cost lo the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when reTrived if the value can be reliably measured. No amounts are Included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for il lo be spent on a particular purpose and returned if unspent, in which case
il may be regarded as reslricled.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities lo which it relates..
expenditure on raising funds includes the costs of all fundraising aclivilies, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further ils charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating lo the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related lo raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that aclivily. Shared costs are apportioned
beeen the activities they contribute lo on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recnISed at the amount receivable or payable including
any related transaction costs.
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