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← Myisrael

2023-12-31-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 2023

FOR

MYISRAEL

(A COMPANY LIMITED BY GUARANTE)

MYISRAEL (A COMPANY LIMITED BY GUARANTEE)

Legal and Administrative Information

Trustees S M Walton
A Gerrard (resigned 22 July 2024)
R Tayl
or
J Jayson (resigned 20 July 2024)
N Someck (appointed 24 July 2023 and resigned 9 September 2024)
P Charles (appointed 2 September 2024)
L Berg (appointed 2 September 2024)
M Carter (appointed 2 September 2024)
C Fisher (appointed 18 March 2024)
Company Number 06379943
Charity Number 1121960
Registered Office New Burlington House
1075 Finchley Road
London
NW6 2EG
Auditors Goldwins Limited
75 Maygrove Road
West Hampstead
London
NW6 2EG

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MYISRAEL (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 2023. 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.

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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 by making grants of money for providing or paying for items, services or facilities. The charities we support help with education and those living with trauma, mental health and loneliness, poverty and homelessness as well as supporting vulnerable children, youth and women-at-risk and those with special needs. We raise money to support our selected charities to fulfil our objectives for public benefit and for beneficiaries at local level.

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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 £1,741,304 (31.12.2022: £825,463) in total for the period under review as shown in the Statement of Financial Activities and spent £1,257,267 (31.12.2022: £800,956). This left funds available of £898,577 (31.12.2022: £414,540) 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.

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The directors / trustees shown below have held office during the period from 1[st] January to the 31[st] December 2023.

S M Walton A Gerrard (resigned 22 July 2024) R Taylor J Jayson (resigned 20 July 2024)

N Someck (appointed 24 July 2023 and resigned 9 September 2024)

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MYISRAEL (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.

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

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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.

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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 for a period of not less than 3 months.

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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

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MYISRAEL (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.

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R Taylor - Chairman

Date: 10 September 2024

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF MYISRAEL

Opinion

We have audited the financial statements of MYISRAEL for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Opinion on financial statements

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

5

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF MYISRAEL

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the Trustees’ Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorʼs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

6

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF MYISRAEL

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.

……………………………….

Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

16 September 2024

7

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Statement of financial activities

(incorporating an income and expenditure account)

For the year ended 31 December 2023

Note
Income from:
Donations receivable and income from events
3
Interest Income
4
Total income
Expenditure on:
Central operating costs
Charitable activities:
Direct contributions towards administration expenes
Conduit contributions towards charitable project
Direct contributions towards charitable projects
Total expenditure
5
Net (loss) on investments
Net income / (expenditure) for the year
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12
Net income / (expenditure) before net gains /
(losses) on investments		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2023
2023
2023
2022
£
£
£
£
300,513
1,437,645
1,738,158
823,006
3,146
-
3,146
2,457
303,659
1,437,645
1,741,304
825,463
149,856
-
149,856
144,787
136,337
-
136,337
50,000
-
328,556
328,556
62,148
-
642,518
642,518
544,021
286,193
971,074
1,257,267
800,956
17,466
466,571
484,037
24,507
-
-
-
-
17,466
466,571
484,037
24,507
367,453
47,087
414,540
390,033
384,919
513,658
898,577
414,540

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

8

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Balance sheet As at 31 December 2023

2023
Note
£
Current assets:
9
290,566
623,781
914,347
Liabilities:
10
(15,770)
12
384,919
Total unrestricted funds
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total net assets
Funds
Restricted funds
Unrestricted funds:
General funds
Total funds		 2023
Note
£
Current assets:
9
290,566
623,781
914,347
Liabilities:
10
(15,770)
12
384,919
Total unrestricted funds
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total net assets
Funds
Restricted funds
Unrestricted funds:
General funds
Total funds		 2023
£
898,577		 2022
£
69,317
356,671		 2022
£
414,540
914,347
(15,770)		 425,988
(11,448)
384,919 367,453
898,577 414,540
513,658
384,919		 47,087
367,453
898,577 414,540

10 September 2024 Approved by the trustees on ………………………………and signed on their behalf by:

R Taylor Chair

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

The attached notes form part of the financial statements.

9

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Statement of cash flows For the year ended 31 December 2023

Note
2023
£
Net cash provided by / (used in) operating activities
12
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
14		 2023
£
267,110
267,110
356,671		 2022
£		 2022
£
(39,304)
(39,304)
395,975
623,781 356,671

10

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

d) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

11

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

1 Accounting policies (continued)

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance and governance costs which support the Trust’s charitable activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

l) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

12

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

2 Detailed comparatives for the statement of financial activities
Unrestricted Restricted Total
funds funds funds
2022 2022 2022
£ £ £
Income from:
Donations receivable and income from events 197,285 625,721 823,006
Interest Income 2,457 - 2,457
Total income 199,742 625,721 825,463
Expenditure on:
Central operating costs 144,787 - 144,787
Conduit contributions towards charitable project - 62,148 62,148
Direct contributions towards administration expenes 50,000 - 50,000
Direct contributions towards charitable projects - 544,021 544,021
Total expenditure 194,787 606,169 800,956
Net expenditure for the year 4,955 19,552 24,507
Reconciliation of funds:
Total funds brought forward 362,498 27,535 390,033
Total funds carried forward 367,453 47,087 414,540

13

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

3
Income from Donation
Conduit funds
Ashkelon Foundation
Barzilai hospital
Central Library for the Blind
Collier Community Centre
Committee for Ethiopian Jews in Safed
Ezrat Achim
Gav Boys
Heal the Children
Ichud Shivat Zion
IDFWO
Israel Tennis Centre
Kehillat Moriah
Keren Olim
Keren Raanana
Kesher
Kibbutz Alumim
MUSE Alert
Netanya Foundation
Reut Sderot
School Supplies
Sha’ar HaNegev
Shlomi Council
Shuva Brothers
Soldier Welfare
Sport Sderot
Therapeutic Riding Centre		 Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
2023
2023
2023
2022
£
£
£
£
-
54,337
54,337
-
-
10,000
10,000
-
-
10,500
10,500
10,500
-
62,000
62,000
37,000
-
5,122
5,122
6,592
-
-
-
3,665
-
975
975
-
-
2,807
2,807
-
-
7,613
7,613
-
-
2,000
2,000
-
-
20,150
20,150
-
-
3,875
3,875
-
-
5,525
5,525
6,983
-
950
950
-
-
19,000
19,000
-
-
47,687
47,687
-
-
606
606
-
-
9,800
9,800
-
-
44,172
44,172
-
-
7,981
7,981
-
-
8,395
8,395
-
-
16,048
16,048
-
-
64,515
64,515
-
-
11,344
11,344
-
-
10,351
10,351
-
-
12,500
12,500
-
-
438,253
438,253
64,740

14

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

Project Funds
Ani Shlishi
Animal Angels
Beit Daniella
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
Jeremy’s Circle
Lemonade Fund
Maslan
MI Campaigns
Miriam’s Dream
Misholim
Musicians of Tomorrow
My Piece of the Puzzle
Respecs
Shoham
Sports Bridge to Education
Sunrise Israel
Susan’s House
Tikvot
Unrestricted Income
Yozmot Atid
Total Donations and Grants
4
Income from investments
Bank interest		 -
-
-
7,877
-
3,089
3,089
11,940
-
21,848
21,848
-
-
188
188
188
-
11,609
11,609
2,108
-
21,713
21,713
2,890
-
849
849
7,920
-
8,046
8,046
49,569
-
16,515
16,515
16,079
-
7,185
7,185
16,685
-
27,622
27,622
3,770
-
11,459
11,459
12,152
-
3,063
3,063
4,255
-
5,908
5,908
5,803
-
4,878
4,878
6,498
-
9,046
9,046
23,383
-
513
513
1,798
-
-
-
15,904
-
810,823
810,823
320,925
-
188
188
188
-
4,618
4,618
1,920
-
3,873
3,873
6,500
-
6,020
6,020
4,286
-
-
-
10,000
-
5,396
5,396
939
-
2,035
2,035
7,461
-
9,750
9,750
9,800
-
2,714
2,714
-
-
408
408
-
300,513
-
300,513
197,285
-
36
36
10,144
300,513
999,392
1,299,905
758,267
300,513
1,437,645
1,738,158
823,007
Unrestricted
Funds
Restricted
Funds
Total
Funds
Total
Funds
2023
2023
2023
2022
£
£
£
£
3,146
-
3,146
2,457
3,146
-
3,146
2,457

15

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

5 Analysis of expenditure current year

Grants payable
Campaign / Events
General Office
Insurance
Marketing & fundraising
Staff costs
Bank charges and transaction fees
Travel costs
Accountancy
Auditors reumuneration
Sundry
Governance cost
Total expenditure 2023
Total expenditure 2022		 Basis of
allocation
Charitable
activities
Support and
Governance
Costs
Total 2023 Total 2022
£
£
£
£
Direct
1,107,411
-
1,107,411
656,169
Direct
4,404
-
4,404
6,550
Direct
9,783
-
9,783
965
Direct
-
518
518
355
Direct
63,125
-
63,125
83,947
Direct
48,035
-
48,035
41,770
Direct
11,577
-
11,577
5,372
Direct
2,179
-
2,179
843
Direct
-
-
-
3,850
Direct
-
6,000
6,000
-
Direct
4,235
-
4,235
1,135		 Basis of
allocation
Charitable
activities
Support and
Governance
Costs
Total 2023 Total 2022
£
£
£
£
Direct
1,107,411
-
1,107,411
656,169
Direct
4,404
-
4,404
6,550
Direct
9,783
-
9,783
965
Direct
-
518
518
355
Direct
63,125
-
63,125
83,947
Direct
48,035
-
48,035
41,770
Direct
11,577
-
11,577
5,372
Direct
2,179
-
2,179
843
Direct
-
-
-
3,850
Direct
-
6,000
6,000
-
Direct
4,235
-
4,235
1,135
1,250,749
6,518
1,257,267
800,956
6,518
(6,518)
-
1,257,267
-
1,257,267
800,956
-
800,956

Of the total expenditure £971,074 was restricted (2022: £606,169) and £286,193 was unrestricted (2022: £194,787).

16

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements

For the year ended 31 December 2023

6 Net income / (expenditure) for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting):
Independent examiner’s fee
Auditor’s remuneration		 2023
2022
£
£
-
3,850
5,000
-

7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages 2023
2022
£
£
48,035
41,770
48,035
41,770

None of the employees received employee benefits in excess of £60,000 during the year (2022: None).

The total employee benefits including pension contributions of the key management personnel were Nil (2022: Nil).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil) neither were they reimbursed expenses during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 2 (2022: 2).

8 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

17

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

9 Debtors

Trade debtors
Accrued income
Prepayments and other debtors
Creditors: amounts falling due within one year
Trade creditors
Deferred income
Other creditors
Tax and social securities
Accruals		 2023
2022
£
£
41,101
7,071
97,763
15,160
151,702
47,086
290,566
69,317
2023
2022
£
£
5,744
3,372
4,026
4,200
-
-
-
376
6,000
3,500
15,770
11,448
Unrestricted
Funds
Restricted
Funds
Total
funds
£
£
£
384,919
513,658
898,577
(11,744)
(4,026)
(15,770)		 2023
2022
£
£
41,101
7,071
97,763
15,160
151,702
47,086
290,566
69,317
2023
2022
£
£
5,744
3,372
4,026
4,200
-
-
-
376
6,000
3,500
15,770
11,448
Analysis of net assets between funds
384,919
513,658
898,577

10 Creditors: amounts falling due within one year

11 Analysis of net assets between funds

18

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

12 Movements in funds for the current year

Transfers
1 January Income from MI Expenses 31 December
2023 and gains Campaigns and losses 2023
£ £ £ £ £
Restricted funds
Conduit funds
Ashkelon Foundation - 54,337 - (54,337) -
Barzilai hospital - 10,000 - (10,000) -
Central Library for the Blind - 10,500 - (9,750) 750
Collier Community Center - 62,000 - (62,000) -
Committee for Ethiopian Jews in Sa 2,836 5,122 - (7,740) 218
Ezrat Achim - - 10,473 (10,473) -
Gav Boys - 975 - (975) -
Heal the Children - 2,807 - - 2,807
Ichud Shivat Zion - 7,613 - (4,050) 3,563
IDFWO - 2,000 - (2,000) -
Israel Tennis Centre - 20,150 - (20,150) -
Kehillat Moriah - 3,875 - (3,875) -
Keren Olim - 5,525 - (5,525) -
Keren Raanana - 950 - (498) 452
Kesher - 19,000 - (19,000) -
Kibbutz Alumim - 47,687 - - 47,687
MUSE Alert - 606 - (606) -
Netanya Foundation - 9,800 - (9,800) -
Reut Sderot - 44,172 - - 44,172
School Supplies - 7,981 - (3,744) 4,237
Sha’ar HaNegev - 8,395 - - 8,395
Shlomi Council - 16,048 - (16,048) -
Shuva Brothers - 64,515 - (63,697) 818
Soldier Welfare - 11,344 - (3,361) 7,983
Sport Sderot - 10,351 - (8,426) 1,925
Therapeutic Riding Centre - 12,500 - (12,500) -
Total Conduit funds 2,836 438,253 10,473 (328,555) 123,007

19

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

Movements in funds for the current year (Continued)

Project funds
Animal Angels
Beit Daniella
Bet Shean Foodbank
Bet Yossi
Building Hope
Click
Crossroads
Dental Volunteers for Israel
EAT (Pesia’s Kitchen)
Family Nest
Forgotten People Fund
Garage
GIDF - Partners of Fallen Soldiers
Home Base
Imagine
Jeremy’s Circle
Kaima Farm
Lemonade Fund
MI Campaigns
Miriam’s Dream
Misholim
Musicians of Tomorrow
My Piece of the Puzzle
Respecs
Sahar
Shoham
Sports Bridge to Education
Sunrise Israel
Susan’s House
Ten Gav
Tikvot
Yozmot Atid
Total Project funds
Total Restricted Funds
Unrestricted funds
Total funds		 1 January
2023
Income
and gains
Transfers
from MI
Campaigns
Expenses
and losses
31 December
2023
-
3,089
19,333
(22,351)
71
-
21,848
25,700
(42,005)
5,543
188
188
-
-
376
-
11,609
24,337
(33,543)
2,403
-
21,713
28,136
(49,849)
-
437
849
23,373
(24,659)
-
38,102
8,046
13,110
(59,258)
-
378
16,515
-
(16,427)
466
-
7,185
24,310
(31,495)
-
-
27,622
23,825
(51,447)
-
-
11,459
591
(12,050)
-
-
3,063
23,612
(26,675)
-
-
-
2,107
(2,107)
-
-
5,908
36,828
(42,736)
-
-
4,878
28,084
(32,962)
-
510
9,046
-
(6,794)
2,762
-
-
2,084
(2,084)
-
-
513
16,594
(17,107)
-
4,438
810,823
(427,825)
(14,365)
373,071
188
188
-
-
376
-
4,618
26,902
(31,520)
-
-
3,873
1,183
(4,575)
481
-
6,020
16,202
(17,165)
5,057
-
-
-
-
-
-
-
10,473
(10,473)
-
-
5,396
26,222
(31,618)
-
-
2,035
19,173
(21,208)
-
-
9,750
-
(9,750)
-
-
2,714
19,539
(22,253)
-
-
-
5,634
(5,634)
-
10
408
-
(409)
9
-
36
-
-
36
44,251
999,392
(10,473)
(642,519)
390,651
47,087
1,437,645
-
(971,074)
513,658
367,453
303,659
-
(286,193)
384,919
414,540
1,741,304
-
(1,257,267)
898,577

20

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

12 Movements in funds for the previous year

Transfers
1 January Income from MI Expenses 31 December
2022 and gains Campaigns and losses 2022
£ £ £ £ £
Restricted funds:
Conduit
Central Library for the Blind - 10,500 - (10,500) -
Collier Community Centre - 37,000 - (37,000) -
Committee for Ethiopian Jews in Sa 244 6,592 - (4,000) 2,836
IsraAid - 3,665 - (3,665) -
Kesher - 6,983 - (6,983) -
Projects
Ani Shlishi - 7,877 11,073 (18,950) -
Animal Angels - 11,940 22,631 (34,571) -
Bet Shean Foodbank - 188 - - 188
Bet Yossi - 2,108 13,655 (15,763) -
Building Hope - 2,890 22,725 (25,615) -
Click 447 7,920 18,352 (26,282) 437
Crossroads - 49,569 17,466 (28,933) 38,102
Dental Volunteers for Israel - 16,079 - (15,701) 378
EAT (Pesia’s Kitchen) - 16,685 13,036 (29,721) -
Family Nest - 3,770 6,304 (10,074) -
Forgotten People Fund - 12,152 23,954 (36,106) -
Garage 611 4,255 12,252 (17,118) -
Healing hands - - - - -
Home Base 774 5,803 16,105 (22,682) -
Imagine - 6,498 18,307 (24,805) -
Jeremy’s Circle - 23,383 - (22,873) 510
Lemonade Fund - 1,798 28,946 (30,744) -
Maslan 19,486 15,903 - (35,389) -
Miriam’s Dream - 188 - - 188
Misholim - 1,920 16,691 (18,611) -
Musicians of Tomorrow - 6,500 - (6,500) -
My Piece of the Puzzle - 4,286 18,502 (22,788) -
Project Fund 5,126 320,925 (313,295) (8,319) 4,437
Respecs - 10,000 - (10,000) -
Shoham - 939 27,467 (28,406) -
Sports Bridge to Education - 7,462 10,269 (17,730) -
Sunrise Israel - 9,800 - (9,800) -
Tikvot 235 - - (225) 10
Yozmot Atid 611 10,144 15,560 (26,315) -
Total Restricted funds 27,534 625,722 - (606,169) 47,086
Total Unrestricted funds 362,498 199,742 - (194,787) 367,453
Total funds 390,032 825,464 - (800,956) 414,539

21

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

Purpose of restricted funds: 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 Daniella Rehabilitating young people with mental health challenges safely back into their families and communities. 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. GIDF - Partners of Fallen Providing psychological and emotional support to the unmarried Soldiers partners of fallen IDF soldiers. 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. Jeremy’s Circle Helping the children of families affected by cancer. KAIMA Farm Organic farm which supports at risk teenagers. Lemonade Fund Financial grants to breast cancer patients experiencing financial difficulty. 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. Project Fund Allocated by team/trustees to projects most deemed in need at that time. Respecs Low cost glasses for people in need. Sahar Free text-based mental-health support for people experiencing emotional distress and suicidal thoughts. 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. Susan’s House Motivating and inspiring teens-at-risk through artistic & vocational training. Ten Gav Crowd-funding platform for donation of goods to families with modest needs. Tikvot Sports therapy for terror victims. Yozmot Atid Mentoring women from low socio-economic situations to develop

22

MYISRAEL (A COMPANY LIMITED BY GUARANTEE) Notes to the financial statements For the year ended 31 December 2023

13
Reconciliation of net income / (expenditure) to net cash flow from operating activities
2023
2022
£
£
Net income for the reporting period
484,037
24,507
(as per the statement of financial activities)
Other losses
-
Increase/ (decrease) in debtors
(221,249)
(36,473)
Increase/ (decrease) in creditors
4,322
(27,338)
Net cash provided by / (used in) operating activities
267,110
(39,304)		 13
Reconciliation of net income / (expenditure) to net cash flow from operating activities
2023
2022
£
£
Net income for the reporting period
484,037
24,507
(as per the statement of financial activities)
Other losses
-
Increase/ (decrease) in debtors
(221,249)
(36,473)
Increase/ (decrease) in creditors
4,322
(27,338)
Net cash provided by / (used in) operating activities
267,110
(39,304)
Net income for the reporting period
(as per the statement of financial activities)
Other losses
Increase/ (decrease) in debtors
Increase/ (decrease) in creditors
Net cash provided by / (used in) operating activities
267,110
(39,304)
14
Analysis of cash and cash equivalents		 At the
start of the
Cash flows
Other
changes
At the end of
the year
£
£
£
356,671
267,110
-
623,781		 At the
start of the
Cash flows
Other
changes
At the end of
the year
£
£
£
356,671
267,110
-
623,781
Cash at bank and in hand
Total cash and cash equivalents
Cash at bank and in hand is represented by
Natwest
Natwest savings
Natwest 95 days savings
Israel bonds
356,671 267,110
-
623,781
Unrestricted
Funds
Restricted
Funds
Total
funds 2023
-
57,908
57,908
120,053
129,703
249,756
-
156,117
156,117
-
160,000
160,000
120,053
503,728
623,781

15 Related party transactions

The trustees made donations of for the year in the sum of £20,107.

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

23