**CHARITY REGISTRATION NUMBER: 1109229**
# **BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
## **Unaudited Financial Statements**
**30 June 2025**
## **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 2025**
**----- Start of picture text -----**
Page
Trustees' annual report 1
Independent examiner's report to the trustees 4
Statement of financial activities 6
Statement of financial position 7
Statement of cash flows 8
Notes to the financial statements 9
**----- End of picture text -----**
## **BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
## **Trustees' Annual Report**
## **Year ended 30 June 2025**
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 June 2025.
## **Reference and administrative details**
**Registered charity name** BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM **Charity registration number** 1109229 **Principal office** 15 Alba Gardens London NW11 9NS
## **The trustees**
Julian Bamberger Joel Aaron Rabinowitz Abigail Bamberger
**Independent examiner** Gary Harris Brulimar House Jubilee Road Middleton Manchester England M24 2LX
## **Structure, governance 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 trustees which is chaired by Rabbi Joel Aaron Rabinowitz.
**1**
## **BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
**Trustees' Annual Report** _**(continued)**_
## **Year ended 30 June 2025**
## **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 world.
How our activities achieve public benefit :
The Charity carries out a range of activities in pursuance of its charitable aims. The Trustees consider that these activities, summarised below, provide benefit to the communities in which they are involved.
The main activity of the charity is the upkeep and maintenance 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 £444,885 (2024: £555,964) and donated £548,648 (2024: £649,938) to institutions in Israel that support families in advancing Jewish religious education. This funding enabled those institutions to continue their charitable activities and improve the lives of their beneficiaries and students.
**2**
## **BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
**Trustees' Annual Report** _**(continued)**_
## **Year ended 30 June 2025**
## **Financial review**
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserve 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 trustees believe that reserves of £114,572 (2024: £218,335) are sufficient as it has very little administrative expenses and does not have any binding future commitments. As at 30 June 2025 the charity had £114,572 unrestricted 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 its exposure to 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 trustees are most grateful to all their regular donors and hope that they will continue to support this charity. The trustees are also hoping that the current donors will introduce new potential donors.
The trustees' annual report was approved on 25 June 2026 and signed on behalf of the board of trustees by:
Julian Bamberger Trustee
**3**
## **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 2025**
I report to the trustees on my examination of the financial statements of BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM ('the charity') for the year ended 30 June 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in
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 145(5)(b) of the Act.
## **Independent examiner's statement**
Since the charity listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
- matter considered as part of an independent examination.
**4**
## **BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
## **Independent Examiner's Report to the Trustees of BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM** _**(continued)**_
## **Year ended 30 June 2025**
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gary Harris Independent Examiner
Brulimar House Jubilee Road Middleton Manchester England M24 2LX
25 June 2026
**5**
**BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
## **Statement of Financial Activities**
## **Year ended 30 June 2025**
|||**2025**|**2025**|2024|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**4**|444,885|444,885|555,964|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total income**||444,885|444,885|555,964|
|||================================|================================|================================|
|**Expenditure**|||||
|Expenditure on charitable activities|**5,6**|548,648|548,648|649,938|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total expenditure**||548,648|548,648|649,938|
|||================================|================================|================================|
|||--------------------------------|--------------------------------|--------------------------------|
|**Net expenditure and net movement in funds**||(103,763)|(103,763)|(93,974)|
|||================================|================================|================================|
|**Reconciliation of funds**|||||
|Total funds brought forward||218,335|218,335|312,309|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total funds carried forward**||114,572|114,572|218,335|
|||================================|================================|================================|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 9 to 13 form part of these financial statements.**
**6**
**BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
## **Statement of Financial Position**
## **30 June 2025**
|||**2025**|2024|
|---|---|---|---|
||**Note**|**£**|£|
|**Current assets**||||
|Investments|**10**||200,000|
|Cash at bank and in hand||117,992|112,138|
|||--------------------------------|--------------------------------|
|||117,992|312,138|
|**Creditors: amounts falling due within one year**|**11**|3,420|3,840|
|||--------------------------------|--------------------------------|
|**Net current assets**||114,572|308,298|
|||--------------------------------|--------------------------------|
|**Total assets less current liabilities**||114,572|308,298|
|**Creditors: amounts falling due after more than one year**|**12**||89,963|
|||--------------------------------|--------------------------------|
|**Net assets**||114,572|218,335|
|||================================|================================|
|**Funds of the charity**||||
|Unrestricted funds||114,572|218,335|
|||--------------------------------|--------------------------------|
|**Total charity funds**|**13**|114,572
================================|218,335
================================|
These financial statements were approved by the board of trustees and authorised for issue on 25 June 2026, and are signed on behalf of the board by:
Julian Bamberger Trustee
**The notes on pages 9 to 13 form part of these financial statements.**
**7**
**BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
## **Statement of Cash Flows**
## **Year ended 30 June 2025**
||**2025**|2024|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net expenditure|(103,763)|(93,974)|
|_Changes in:_|||
|Trade and other creditors|(90,383)|720|
||--------------------------------|----------------------------|
|Cash generated from operations|(194,146)|(93,254)|
||--------------------------------|----------------------------|
|Net cash used in operating activities|(194,146)|(93,254)|
||================================|============================|
|**Cash flows from investing activities**|||
|Disposal of investment in subsidiary|200,000||
||--------------------------------|----------------------------|
|Net cash from investing activities|200,000||
||================================|============================|
|**Net increase/(decrease) in cash and cash equivalents**|5,854|(93,254)|
|**Cash and cash equivalents at beginning of year**|112,138|205,392|
||--------------------------------|--------------------------------|
|**Cash and cash equivalents at end of year**|117,992
================================|112,138
================================|
**The notes on pages 9 to 13 form part of these financial statements.**
**8**
**BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
## **Notes to the Financial Statements**
## **Year ended 30 June 2025**
## **1. 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.
## **2. Statement of compliance**
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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
## **3. 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**
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked 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 two sub-classes: restricted income funds or endowment funds.
**9**
**BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
**Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2025**
**3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it 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 entitlement to the gift, receipt is probable and its amount can be measured reliably.
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 to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received 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 it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **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 to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, 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 its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
**10**
**BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
**Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2025**
## **3. Accounting policies** _**(continued)**_
**Financial instruments** _**(continued)**_
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **4. Donations and legacies**
|||Unrestricted|**Total Funds**|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
|||Funds||**2025**|Funds|2024|
|||£||**£**|£|£|
||**Donations**||||||
||Donations|444,885||444,885|555,964|555,964|
|||================================||================================|================================|================================|
|**5.**|**Expenditure**|**on charitable activities by fund type**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Furtherance of Jewish Religion and|||||
|education|548,000|548,000|649,019|649,019|
|Support costs|648|648|919|919|
||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
||548,648|548,648|649,938|649,938|
||================================|================================|================================|================================|
**11**
## **BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2025**
## **6. Expenditure on charitable activities by activity type**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|Activities|
|undertaken|Support|Total funds|Total fund|
|directly|costs|2025|2024|
|£|£|£|£|
|Furtherance of Jewish Religion and|
|education|548,000|548,000|649,019|
|Governance costs|648|648|919|
|--------------------------------|--------------|--------------------------------|--------------------------------|
|548,000|648|548,648|649,938|
|================================|==============|================================|================================|
|7.|Independent examination fees|
|2025|2024|
|£|£|
|Fees payable to the independent examiner for:|
|Independent examination of the financial statements|540|720|
|==============|==============|
**----- End of picture text -----**
## **8. Staff costs**
No salaries or wages have been paid to employees, including the trustees, during the year.
## **9. Trustee remuneration and expenses**
No trustees received any remuneration during the year.
## **10. Investments**
**----- Start of picture text -----**
|||
|---|---|
|2025|2024|
|£|£|
|Renslade Limited|200,000|
|==============|================================|
**----- End of picture text -----**
The investment comprised 100% ownership of the ordinary shares in Renslade Limited, a wholly owned subsidiary of the charity. The shares were gifted to the charity in 2016 and were carried at historical cost. Following the sale of its investment property in January 2025, Renslade Limited donated £272,302 to the charity before being dissolved during the year. Accordingly, the investment was derecognised, and no investment remained at 30 June 2025.
## **11. Creditors: amounts falling due within one year**
**----- Start of picture text -----**
||||
|---|---|---|
|2025|2024|
|£|£|
|Trade creditors|3,420|3,840|
|=======================|=======================|
|Creditors: amounts falling due after more than one year|
|2025|2024|
|£|£|
|Other creditors|89,963|
|==============|============================|
**----- End of picture text -----**
## **12. Creditors: amounts falling due after more than one year**
**12**
**BRITISH FRIENDS OF IGUD HAKOLELIM B'YERUSHALAYIM**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 June 2025**
## **12. Creditors: amounts falling due after more than one year** _**(continued)**_
The comparative balance represented an interest-free loan from the charity's wholly owned subsidiary, Renslade Limited. During the year, Renslade Limited was dissolved and the loan balance was settled. Accordingly, no balance remained outstanding at 30 June 2025.
## **13. Analysis of charitable funds**
## **Unrestricted funds**
|||||**At**|
|---|---|---|---|---|
||At|||**30 June 202**|
||1 July 2024|Income|Expenditure|**5**|
||£|£|£|£|
|General funds|218,335|444,885|(548,648)|114,572|
||================================|================================|================================|================================|
||At|||At|
||1 July 2023|Income|Expenditure|30 June 2024|
||£|£|£|£|
|General funds|312,309|555,964|(649,938)|218,335|
||================================|================================|================================|================================|
|**Analysis of net assets between funds**|||||
||||Unrestricted|**Total Funds**|
||||Funds|**2025**|
||||£|**£**|
|Investments|||||
|Current assets|||117,992|117,992|
|Creditors less than 1 year|||(3,420)|(3,420)|
|Creditors greater than 1 year|||||
||||--------------------------------|--------------------------------|
|**Net assets**|||114,572|114,572|
||||================================|================================|
||||Unrestricted|Total Funds|
||||Funds|2024|
||||£|£|
|Investments|||200,000|200,000|
|Current assets|||112,138|112,138|
|Creditors less than 1 year|||(3,840)|(3,840)|
|Creditors greater than 1 year|||(89,963)|(89,963)|
||||--------------------------------|--------------------------------|
|**Net assets**|||218,335|218,335|
||||================================|================================|
## **14. Analysis of net assets between funds**
## **15. Analysis of changes in net debt**
|||||**At**|
|---|---|---|---|---|
||At|1 Jul 2024|Cash flows|**30 Jun 2025**|
|||£|£|**£**|
|Cash at bank and in hand||112,138|5,854|117,992|
|Current asset investments||200,000|(200,000)||
|||--------------------------------|--------------------------------|--------------------------------|
|||312,138|(194,146)|117,992|
|||================================|================================|================================|
**13**