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2022-12-31-accounts

Company Registration No: 06379943 (England and Wales) (Charity Registration No: 1121960)

REPORT OF THE DIRECTORS AND TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

MY ISRAEL

(A COMPANY LIMITED BY GUARANTEE)

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page
Legal and Administrative Information 1
Report of the Trustees and Directors 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8-17

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)

Legal and Administrative Information

Trustees S M Walton
A Gerrard
R Taylor
J Jayson
N Someck
Company Number 06379943
Charity Number 1121960
Registered Office New Burlington House
1075 Finchley Road
London
NW11 0PU
Accountants FKGB Accounting LTD
201 Haverstock Hill
Second Floor
London
NW3 4QG

1

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND DIRECTORS

The trustees present their annual report and financial statements for the year ended 31 December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.

PRINCIPAL ACTIVITY AND OBJECTS OF THE CHARITY

The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.

The main object of the charity is the relief of hardship, either generally or individually, of people regardless of age, living in Israel and other countries by making grants of money for providing or paying for items, services or facilities.

FINANCIAL REVIEW

The company registered as a charity with The Charities Commission on 1 December 2007. The charity donates to various projects in Israel as summarised in the notes to the financial statements. The charity is organised so that people donating to charity can direct their donations towards a specific project run by the charity. In addition, there is a separate fund specifically for the administration of the charity from which all the running costs of the charity is expended.

Apart from general donations, the charity organises events in order to raise funds to further the objects of the charity.

The charity raised £825,463 (31.12.2021: £910,560) in total for the period under review as shown in the Statement of Financial Activities, and spent £800,956 (31.12.2021: £936,524). This left funds available of £414,540 (31.12.2021: £390,033) to be utilised in the future periods.

The Board of Trustees are grateful to all the people who have donated to the cause, and the hard work put in by volunteers.

ORGANISATION

The directors shown below have held office during the whole of the period from 1 January to the date of this report.

S M Walton F C Raff (resigned 3 October 2022)

J Jayson A Gerrard R Taylor N Someck (appointed 1 July 2023)

2

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND DIRECTORS

The charity is organised so that the trustees meet regularly to manage its affairs. The Board has power to appoint additional trustees as it considers fit to do so.

PRINCIPAL FUNDING SOURCES

The charity funds its operation from its reserves and the donations it receives from the general public, as well as organising various events.

RISK REVIEW

The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

RESERVES POLICY

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level, which enables the charity to adequately support its activities. Unrestricted funds were maintained at this level throughout the period.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company and Trust law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the trustees are required to

3

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND DIRECTORS

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S Walton - Chairman

Date:

4

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT EXAMINER'S REPORT

We report on the accounts of the charity for the year ended 31 December 2022, which are set out on pages 6 to 17.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:

a) examine the accounts under section 145 of the Charities Act 2011,

b) to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act 2011;and

c) to state whether particular matters have come to my attention.

Independent examiner's statement

In connection with our examination, no matter has come to our attention

  1. Which gives us reasonable cause to believe that in, any material respect, the requirements:

a) to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006; and

b) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

  1. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

FKGB Accounting LTD 201 Haverstock Hill Second Floor London NW3 4QG

5

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Note
INCOMING RESOURCES
Incoming resources from generated funds:
2
Community, appeals and campaign costs
Event costs
Interest income
Total incoming resources
RESOURCES ALLOCATED
Charitable Activities:
3
3
Expenses of the charity
4
Total resources expended
NET MOVEMENT IN FUNDS
Total funds brought forwards
TOTAL FUNDS CARRIED FORWARDS
Donations receivable and income from
events
Conduit contributions towards charitable
projects
Central operating costs
Direct contributions towards charitable
projects
Direct contributions towards administration
expenses		 Unrestricted
Funds
£
197,285
-
-
2,457
199,742
-
50,000
-
50,000
144,787
144,787
194,787
4,955
362,498
367,453		 Restricted
Funds
£
625,721
-
-
-
625,721
62,148
-
544,021
606,169
-
-
606,169
19,552
27,535
47,087		 Total
31.12.2022
£
823,006
-
-
2,457
825,463
62,148
50,000
544,021
656,169
144,787
144,787
800,956
24,507
390,033
414,540		 Total
31.12.2021
£
910,560
-
-
-
910,560
45,143
69,321
704,752
819,216
117,308
117,308
936,524
(25,964)
415,997
390,033

6

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 December 2022

Notes
CURRENT ASSETS
Unrestricted Debtors
5
Restricted Debtors
5
Cash and cash equivalent funds
9
Creditors: Amounts falling due within
one year
Unrestricted creditors
6
Restricted creditors
6
TOTAL ASSETS LESS CURRENT
LIABILITIES
FUNDS TO CHARITY
Restricted Funds
7
Unrestricted Funds
TOTAL FUNDS		 14,250
55,067
356,671		 31.12.2022
£
414,540
47,087
367,453
414,540		 15,359
17,485
395,975		 31.12.2021
£
425,988
7,248
4,200		 428,819
13,590
25,196
11,448 38,786
390,033
27,535
362,498
390,033

Company Registration No: 06379943 (England and Wales) (Charity Registration No: 1121960)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006. The director acknowledge his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The trustees acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006.

(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

These financial statements were approved and authorised for issue by the Board of Trustees on ……………………. and signed on their behalf by:

S Walton Chair

7

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 ACCOUNTING POLICIES

1.1 Accounting convention

The Financial Statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and the Companies Act 2006.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

1.2 Fund Accounting

Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Board of Trustees in furtherance of the general charitable objectives.

Restricted funds are funds subject to specific conditions imposed by the donors.

1.3 Incoming Resources

Voluntary income received by way of donations and grants is recognised when the Charity is legally entitled to the income, certain of receipt and the amount can be quantified with sufficient reliability. Income is deferred only when the charity has to fulfil conditions or the income relates to future periods.

Income from activities for generating funds is recognised on a receivable basis.

Investment income arises from interest bearing bank accounts and is recognised on a receivable basis.

1.4 Resources Expended

Resources are expended on the accruals basis and are inclusive of VAT.

Costs of generating funds are those costs incurred in attracting voluntary income and those that relate to the publicity of events run by the Charity.

Charitable activities include expenditure associated with the running of projects and include both direct costs and support costs related to relief of hardship.

Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

8

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

2
ANALYSIS OF CHARITABLE INCOME
Conduit Funds(restricted donations
processed by My Israel)
Central Library for the Blind
Collier Community Centre
Committee for Ethiopian Jews in Safed
Ezrat Achim
IsraAid
Kesher
Keren Olim
LEAD
Other restricted income
Other restricted income		 Unrestricted
Restricted
£
£
-
10,500
-
37,000
-
6,592
-
3,665
-
-
-
-
6,983
-
-
-
64,740
Unrestricted
Restricted
£
£
-
-
-
-		 Total
31.12.22
Total
31.12.21
£
£
10,500
1,000
37,000
-
6,592
2,549
3,665
-
-
3,725
-
19,000
6,983
-
-
19,000
64,740
45,274
Total
31.12.22
Total
31.12.21
£
£
-
55,660
-
55,660

9

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

2
ANALYSIS OF CHARITABLE INCOME (CONTINUED)
Project Funds(see definition in note 7)
Unrestricted
Restricted
£
£
Ani Shlishi
7,877
Animal Angels
-
11,940
Bet Shean Foodbank
-
188
Bet Yossi
-
2,108
Building Hope
-
2,890
Click
-
7,920
Crossroads
-
49,569
Dental Volunteers for Israel
-
16,079
EAT (Pesia's Kitchen)
16,685
Family Nest
-
3,770
Forgotten People Fund
-
12,152
Garage
-
4,255
Home Base
-
5,803
Imagine
-
6,498
INTRA
-
-
Jeremy's Circle
-
23,383
Lemonade Fund
-
1,798
Maslan
-
15,903
Miriam's Dream
-
188
Misholim
-
1,920
Musicians of Tomorrow
-
6,500
My Piece of the Puzzle
-
4,286
Project Fund
-
320,925
Respecs
-
10,000
Shoham
-
939
Sports Bridge to Education
-
7,461
Sunrise Israel
9,800
Tikvot
-
-
Yozmot Atid
-
10,144
-
560,982
Total restricted income
-
625,722		 Total
31.12.22
£
7,877
11,940
188
2,108
2,890
7,920
49,569
16,079
16,685
3,770
12,152
4,255
5,803
6,498
-
23,383
1,798
15,903
188
1,920
6,500
4,286
320,925
10,000
939
7,461
9,800
-
10,144
560,982
625,722		 Total
31.12.21
£
-
8,021
1,718
22,970
5,571
16,561
11,052
18,768
-
13,905
16,594
6,428
15,094
8,782
18,089
9,833
1,289
41,077
156
28,968
6,583
833
392,828
10,884
9,313
-
163
3,319
668,799
769,733

10

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3 ANALYSIS OF CHARITABLE CASH EXPENDITURE

Project Funds(see definition in note 7)
Ani Shlishi
Animal Angels
Bet Shean Foodbank
Bet Yossi
Building Hope
Click
Crossroads
Dental Volunteers for Israel
EAT (Pesia's Kitchen)
Family Nest
Forgotten People Fund
Garage
Home Base
Imagine
INTRA
Jeremy's Circle
KAIMA
Lemonade Fund
Little Steps
Maslan
Miriam's Dream
Misholim
Musicians of Tomorrow
My Piece of the Puzzle
Project fund
Respecs
Roots for Generation
Shoham
Sports Bridge to Education
Sunrise Israel
Tikvot
Yozmot Atid
Other restricted donations
Total project expenditure		 Unrestricted
Restricted
£
£
-
18,950
-
34,571
-
-
-
15,763
-
25,615
-
26,282
-
28,933
-
15,701
-
29,721
-
10,074
-
36,106
-
17,118
-
22,682
-
24,805
-
-
-
22,873
-
-
-
30,744
-
-
-
35,389
-
-
-
18,611
-
6,500
-
22,788
-
8,319
-
10,000
-
-
-
28,406
-
17,730
-
9,800
-
225
-
26,315
-
-		 Total
31.12.22
£
18,950
34,571
-
15,763
25,615
26,282
28,933
15,701
29,721
10,074
36,106
17,118
22,682
24,805
-
22,873
-
30,744
-
35,389
-
18,611
6,500
22,788
8,319
10,000
-
28,406
17,730
9,800
225
26,315
-		 Total
31.12.21
£
2,361
32,612
1,880
47,804
21,314
52,026
29,472
18,768
4,860
54,919
66,724
34,618
43,589
32,863
18,089
9,833
164
31,190
2,000
23,335
349
52,435
12,442
38,899
-
17,681
31,805
2,361
-
-
-
20,359
55,660
-
544,021		 544,021 760,412

11

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3
Conduit Funds
Unrestricted
Restricted
£
£
Central Library for the Blind
-
10,500
Collier Community Centre
-
37,000
Committee for Ethiopian Jews in Safed
-
4,000
Ezrat Achim
-
3,665
IsraAid
-
-
Kesher
-
-
Keren Olim
-
6,983
Kuchinate
-
-
Lead
-
-
Total conduit expenditure
-
62,148
Total charity expenditure
-
606,169
4
The expenses of the charity are listed by heading for the individual amount
Charitable
Activities
Governance
£
£
Accountancy
-
3,850
Bank charges and transaction fees
5,372
-
Campaign/Events
6,550
-
General Office
965
-
Insurance
-
355
Marketing & fundraising
83,947
-
Salaries (See Note 4.2)
41,770
-
Overseas travel
843
-
Professional fees
-
-
Sundry
1,135
-
Total
140,582
4,205
ANALYSIS OF CHARITABLE CASH EXPENDITURE (CONTINUED)
EXPENSES OF THE CHARITY		 Total
31.12.22
£
10,500
37,000
4,000
3,665
-
-
6,983
-
-
62,148
606,169
as follows:
Total
31.12.22
£
3,850
5,372
6,550
965
355
83,947
41,770
843
-
1,135
144,787		 Total
31.12.21
£
1,000
-
2,305
-
3,725
19,000
113
19,000
45,143
805,555
Total
31.12.21
£
3,125
11,381
-
1,962
356
50,596
46,927
462
1,818
681
117,308

12

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Central operating costs
Total
4.2
Staff remuneration
Total
ANALYSIS OF STAFF COSTS		 Total
31.12.22
£
144,787
144,787
Total
31.12.22
£
41,770
41,770		 Total
31.12.21
£
117,308
117,308
Total
31.12.21
£
46,927
46,927

The average number of employees during the period were 2 (2021: 2.)

5 DEBTORS

Trade debtors
Accrued income
Prepayments		 Unrestircted
£
4,000
10,250
-
14,250		 Restricted
£
3,071
4,910
47,086
55,067		 Total
31.12.22
£
7,071
15,160
47,086
69,317		 Total
31.12.21
£
10,434
22,410
-
32,844

13

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

6 Creditors: Amounts falling due within one year

Trade creditors
Deferred income
Other creditors
Tax and social securities
Accruals
Total		 Unrestricted
3,372
-
-
376
3,500
7,248		 Restricted
-
4,200
-
-
-
4,200		 Total
31.12.22
£
3,372
4,200
-
376
3,500
11,448		 Total
31.12.21
£
9,986
24,013
1,183
479
3,125
38,786

7 RESTRICTED FUNDS CASH MOVEMENT

Central Library for the Blind
Collier Community Center
Committee for Ethiopian Jews in Safed
IsraAid
Kesher
Other restricted funds
Conduit Funds
Other restricted funds		 At 1 January
2022
£
-
244
-
-
244
At 1 January
2022
£
-
-		 Incoming
Resources
£
10,500
37,000
6,592
3,665
6,983
64,740
Incoming
Resources
£
-
-		 Resources
expensed
and event
costs
£
(10,500)
(37,000)
(4,000)
(3,665)
(6,983)
(62,148)
Resources
expensed
and event
costs
£
-
-		 At 31
December
2022
£
-
2,836
-
-
2,836
At 31
December
2022
£
-
-

14

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 RESTRICTED FUNDS CASH MOVEMENT (CONTINUED)

At 1
January
2022
£
Ani Shlishi
-
Animal Angels
-
Bet Shean Foodbank
-
Bet Yossi
-
Building Hope
-
Click
447
Crossroads
-
Dental Volunteers for Israel
-
EAT (Pesia's Kitchen)
-
Family Nest
-
Forgotten People Fund
-
Garage
611
Healing hands
-
Home Base
774
Imagine
-
Jeremy's Circle
-
Lemonade Fund
-
Maslan
19,486
Miriam's Dream
-
Misholim
-
Musicians of Tomorrow
-
My Piece of the Puzzle
-
Project Fund (MI Campaigns)
5,126
Respecs
-
Shoham
-
Sports Bridge to Education
-
Sunrise Israel
-
Tikvot
235
Yozmot Atid
611
27,290
27,534
Project funds
Total restricted funds		 Incoming
Resources
£
7,877
11,940
188
2,108
2,890
7,920
49,569
16,079
16,685
3,770
12,152
4,255
-
5,803
6,498
23,383
1,798
15,903
188
1,920
6,500
4,286
320,925
10,000
939
7,461
9,800
-
10,144
560,982
625,721		 Transfer
from Project
Funds
£
11,073
22,631
-
13,655
22,725
18,352
17,466
-
13,036
6,304
23,954
12,252
-
16,105
18,307
-
28,946
-
-
16,691
-
18,502
(313,295)
-
27,467
10,269
-
-
15,560
-
-		 Resources
expensed
£
(18,950)
(34,571)
-
(15,763)
(25,615)
(26,282)
(28,933)
(15,701)
(29,721)
(10,074)
(36,106)
(17,118)
-
(22,682)
(24,805)
(22,873)
(30,744)
(35,389)
-
(18,611)
(6,500)
(22,788)
(8,319)
(10,000)
(28,406)
(17,730)
(9,800)
(225)
(26,315)
(544,021)
(606,169)		 At 31
December
2022
£
-
-
188
-
-
437
38,102
378
-
-
-
-
-
-
-
510
-
-
188
-
-
-
4,437
-
-
-
-
10
-
44,250
47,086

15

MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 RESTRICTED FUNDS - CONTINUED

Name of Fund

Description, nature and purpose of the fund

Ani Shlishi Second-hand clothing store providing employment and training to youth-at-risk. Animal Angels Committed to healing and rehabilitating humans and animals Beit Shean Foodbank Providing hot food for underprivileged families. Bet Yossi Centre that provides emotional therapy and support to families in crisis and distress Building Hope Urgent renovations for homes in distress. Click To create handicrafts for elderly peoples centre. Crossroads Councillors for troubled teenagers. Dental Volunteers for Israel Dental care for under privileged children. EAT (Pesia's Kitchen) Rescues produce from restaurants and supermarkets, to distribute to shelters and other needy populations. Family Nest Centre for women and families at risk in Ashkelon. Forgotten People Fund Relief for struggling Ethiopian families. Garage Art preparation course for adults with mental health problems Healing Hands Physical and emotional therapies for cancer patients Home Base Support for a football team, women's choir, private lockers, and a street clinic for the homeless in Jerusalem. Imagine Enabling children with all types of special needs to improve their lives through musical activities. INTRA Therapeutic horse riding for disabled. Jeremy's Circle Helping the children of families affected by cancer. KAIMA Organic farm which supports at risk teenagers Lemonade Fund Financial grants to breast cancer patients experiencing financial difficulty. Little Steps To support children with Duchenne and Becker muscular dystrophy. Maslan Rape crisis centre. Miriam's Dream Independent living for adults with severe physical disabilities. Misholim Art therapy for children with communication problems. Musicians of Tomorrow Provides tuition to musically gifted children living in the northern Israel. My Piece of the Puzzle Camps and activities for youth-at-risk and children with special needs.

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MY ISRAEL (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 RESTRICTED FUNDS - CONTINUED

Name of Fund

Description, nature and purpose of the fund

Project Fund Allocated by team/trustees to projects most deemed in need at that time Respecs Low cost glasses for people in need. Roots for Generation After school programme for elders to assist children with special needs. Shoham Offering academic skills and training to Ethiopian youth-at-risk. Sports Bridge to Education Empowering youth-at-risk through tailor made sports programmes. Sunrise Israel Runs various recreational programmes for children with cancer and their Tikvot Sports therapy for terror victims. Yozmot Atid Mentoring women from low socio-economic situations to develop small businesses.

8 Share Capital

There is no share capital as the Company is limited by guarantee. The liability of the members is limited to £10 per member.

9 Cash and cash equivalent funds

Description
Restricted funds
Unrestricted funds		 NatWest
NatWest
Savings Israel bonds
Total
4,821
-
4,821
23,843
150,550
177,457
351,850
28,664
150,550
177,457
356,671

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