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2020-09-30-accounts

Charity Registration No. 1125012

Company Registration No. 06634748 (England and Wales)

WIZO.UK

ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

WIZO.UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees David Ashton
Stephen Brower
Amanda Collins
Natasha Hausdorff
Sarah Levy
Claude Littner
Ronit Ribak-Madari
Ilana Metzger
Michèle Pollock
Jill Shaw
Michele Vogel
John Ware
Secretary Michael Kyriakides
Charity Number 1125012
Company number 06634748
Registered address Charles House
108 - 110 Finchley Road
London
NW3 5JJ
Auditor HW Fisher LLP
Acre House
11-15 William Road
London
NW1 3ER
United Kingdom
Bankers Bank Leumi (UK) Plc
20 Stratford Place
London
W1C 1BG
Investment advisors Veritas Asset Management (UK) Ltd Investec Wealth
1st Floor and Investec Limited
90 Long Acre 2 Gresham Street
London London
WC2E 9RA EC2 7QP

CONTENTS

WIZO.UK

Page
Trustees' report 1 – 11
Statement of Trustees' responsibilities 12
Independent auditor's report 13 – 14
Statement of financial activities 15 – 16
Balance sheet 17
Statement of cash flows 18
Notes to the accounts 19 - 35

WIZO.UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2020

The Trustees (who are also the directors of the charity for the purposes of the Companies Act) present their annual report together with the accounts of WIZO.UK for the year ended 30 September 2020. This report is also the directors’ report as required by Company Law.

Status

WIZO.uk is a registered charity and company limited by guarantee and its governing document is the Memorandum and Articles of Association. WIZO.uk is part of a worldwide organisation comprising 50 national Federations affiliated to World WIZO whose offices are based in Israel. WIZO.uk’s Head Office is based in London, however there are 106 regional groups located across the UK which fundraise on behalf of the charity.

Public Benefit

The Trustees present their report and accounts for the year ended 30 September 2020. The Trustees have complied with their duty in Section 17 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission. The benefit to the public is manifestly demonstrated by the activities and achievements contained in this report.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with WIZO.uk’s Articles of Association, the Companies Act 2006, and 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 (FRS102) (effective 1 January 2019).

Our approach and aims

As the largest social welfare organisation working with the Israeli Government, World WIZO provides essential services for disadvantaged and vulnerable citizens at every stage of life, from babies to the elderly. With over 250,000 members worldwide, WIZO is the main agent for change for the people of Israel.

WIZO.uk raises funds for programmes and centres in Israel. With over 800 projects and programmes, World WIZO operates a vast range of services. These include:

WIZO.uk’s vision and mission

The objectives of the Charity are to:

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WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Working under COVID-19 restrictions

As with many other organisations, both the activities and the financial performance of WIZO.uk in the year to 30 September 2020 have been dominated by the impact of the Coronavirus Pandemic (COVID-19), and how the government restrictions have limited what the charity has done. However, despite these challenges WIZO.uk have persisted in raising funds for its projects, and at the same time reduced expenditure at every opportunity.

The sections below show how our projects have continued to operate during the pandemic. Page 7 to these accounts goes into further detail about how COVID has impacted on the operations of WIZO.uk and page 8 provides details on the resultant financials.

Projects supported

During the year 2019/20, WIZO.uk sent £1.130M (2018/19 £1.983M) to World WIZO towards about 100 projects, programmes and capital renovations.

Day Care Centres

WIZO opened its first Day Care Centre in 1926 with the aim of supporting working mothers. Today, an acknowledged leader in the field of Early Age Education, WIZO operates over 180 Day Care Centres for approximately 15,000 children from the age of 3 months up to 4 years.

WIZO's trained and experienced caregivers engage children in early childhood development programmes aimed at developing cognitive and physical aptitude from infancy. These programmes encourage curiosity, experimental learning and self-expression, whilst increasing communication, speech and reading abilities. Educational games, music activities, movement, art and story time are geared to enhance muscle tone, coordination and increase children’s attention spans. At WIZO’s Rebecca Sieff Day Care Centre in Jerusalem, this includes a sensory motor centre, a sound listening centre and a Lego room. The Pedagogical Unit based at World WIZO headquarters in Tel Aviv trains many of the national Day Care Centre staff, ensuring they receive regular continual professional development.

Multi-Purpose Day Care Centres, which are mainly located in very low socio-economic areas, cater for children referred by social services from 7am to 7pm, six days a week. These children come from poor or underprivileged backgrounds where many experience neglect or violence at home. The centres provide additional services such as social workers, psychologists and therapists, as well as parenting programmes to encourage positive family bonding. All children receive three freshly prepared healthy and nutritious meals (breakfast, lunch and dinner).

WIZO.uk’s responsibility is to contribute towards the operational costs of 19 Day Care Centres which are located throughout Israel. These are situated in a variety of neighbourhoods with different socio-economic profiles and accommodate about 2,800 children. Two of the centres are in close proximity to hospitals, which enables medical staff to take advantage of the best possible childcare whilst at work.

In 2019/20, the worldwide impact of the pandemic has meant that almost all educational institutions had to close during lockdown, WIZO Day Care Centres at six hospitals across Israel remained open to care for the children of medical teams and key hospital workers, while they performed their life-saving work. Here the children receive high level early year’s education and developmental support in a loving and professional environment that allows them to enjoy their childhood and flourish. 19 WIZO Comprehensive Day Care Centres remained open during the pandemic to provide the essential care and attention which at-risk children need for their wellbeing and safety even more so during the stressful times of the Covid-19 pandemic. For many of these children, their WIZO Day Care Centre is more like home than their own home.

WIZO Centres

WIZO’s Centres operate in more than 70 towns and cities across Israel. They provide a supportive environment for the entire family and often form the hub of a community. They offer a wide range of cultural, educational and social activities to accommodate all generations, including vocational and youth leadership training, art and music programmes, empowerment workshops for women, day trips, single parent support groups, legal advice bureau, dance and drama classes, night school, parenting workshops, conversation groups for new immigrants, second hand clothing shops, lectures and IT courses. Our ‘Golden Age’ clubs provide services and activities appropriate to the changing lifestyle of senior citizens.

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WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

WIZO Centres (continued)

The “Warm Home” programmes for young women suffering from emotional neglect and living in vulnerable situations operate at the centres five days a week. Here they receive hot meals, counselling and social assistance, enabling them to build their self-confidence and increase self-esteem. Teenage girls at-risk also take part in a variety of programmes to improve their sense of self-esteem and perception of body image.

WIZO.uk contributes towards the running costs of 38 Centres. Sometimes the services being offered are free of charge, but often small fees are paid giving the recipients a degree of self-respect. The Centres are also used by the local municipalities for courses benefitting particular groups within the community. Where space is available, local branches will endeavour to ensure rooms are rented out at a commercial rate to help subsidise the activities provided.

Youth Centres and Youth Clubs

WIZO’s 50 youth centres and youth clubs across Israel provide disadvantaged and vulnerable teenagers with tutoring, guidance, pre-vocational training, communication, leadership, sport and science enrichment programmes plus training in music and the arts. Many of the centres also have a library, study centre and computer room. Young people are helped to develop their self-respect and self-esteem, and those at-risk are provided with specialist therapeutic facilities. WIZO.uk provides funds towards four Youth Centres and Youth Clubs.

The Margaret Gold Music Centre in Tiberias was established in 1983. Today it is a hub for young people interested in studying music, regardless of their socio-economic background. The centre focuses on making music and using this medium to encourage integration across different social groups with music lessons offered to children as young as six. As learning to play an instrument is expensive, this programme enables children from low income and immigrant families to study music, learn to play a variety of instruments at the centre’s outdoor auditorium, and perform at tours around the country and even outside Israel.

WIZO’s Bar/Bat Mitzvah programme . The course, which is for immigrant and disadvantaged children, encompasses an education and cultural programme, focusing on leadership and empowerment and includes creative activities such as drama, art and movement. Each boy is given a set of tefillin (traditional religious item) and participates in a formal synagogue service. All girls, along with their mothers, take part in a Challah baking ceremony, and at the end of the programme the children are provided with a joint celebration party.

Schools and Youth Villages

WIZO’s five youth villages are home to 5,500 young people from disadvantaged backgrounds with 20% living in the school’s residential dormitories.

The WIZO Vocational High School in Jerusalem provides life-changing support for vulnerable teenagers. The school is very often the last hope of a future for students, with severe emotional and behavioural problems. Failed by mainstream education this “School of Dreams” is committed to enabling every student to discover their strengths, learn to develop self-belief and to move forward into a fulfilling life.

WIZO’s Nahalal Youth Village , which is operated through the Ministry of Education and supported by WIZO.uk and Canadian Hadassah, caters for 1,500 students aged 11 to 16. Over 150 of these children are ‘at-risk’ and live in the school’s dormitories. Many come from disadvantaged or immigrant families and have experienced problems at home. Each child has been referred by Social Services. These children have the ability to attend mainstream education but their grades when they arrive are often low due to their home environment. Many have missed a great deal of school and have learning disabilities.

A further 125 students live in the dormitories, with 90 of them benefitting from the Na’aleh and Aniere youth education programmes. These are students who have come to Israel from countries within the former Soviet Union, Europe, Canada, USA and Brazil, in order to complete their schooling. In addition to their studies at Nahalal, some of them study at the Haifa Technion to receive further scientific and engineering tuition. The eventual aim is for these students to make Aliyah and join the IDF following completion of their studies.

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WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Schools and Youth Villages (continued)

WIZO.uk supports ‘at-risk’ children with individualised assessments, psychological counselling, education and treatment to help them rebuild their lives. These children go on to develop vital social skills and learn responsibility by delving into subjects with inherent therapeutic value, such as art, music and drama. To ensure these students do not fall behind in class, WIZO provides vital one-to-one tutoring as well as necessities such as clothes, shoes and toiletries.

All children are integrated and given the same learning opportunities. Areas of study at the school include agricultural science (such as dog breeding and horse training), biology, biotechnology, chemistry, computer science, design, communications and electrical engineering. The school is highly regarded as one of the best for agriculture in Israel. It is a leader in biotechnology and the first to be declared a ‘green school’ by the Ministry of Environment. Nahalal students are ranked among the top students in the country and the induction rate of graduates into the IDF is one of the highest in the State of Israel.

The Mahut Programme , which takes place within WIZO’s schools and youth villages, is aimed at students with learning difficulties and ADHD. Teachers are professionally trained to work with very small groups, providing students with specialist care and equipping them with essential skills to help them overcome difficulties. The ultimate aim is to enable students to have a better quality of life and to achieve academic success.

Women’s Shelters

WIZO’s three residential shelters are safe havens for women and children who have suffered violence and are in immediate danger. The shelters provide therapeutic, social, legal and educational services free of charge to support and prepare women for an independent life free from violence and abuse.

WIZO.uk supports the running costs of one residential shelter in Jerusalem which accommodates up to 12 women and their children for a minimum stay of six months and in special cases up to one year. Many children at the shelter have suffered trauma from either witnessing violence or having been abused themselves and so social workers are on hand to work with the families in order to resolve any emotional issues. Pre-school age children are looked after within the shelter by professionally trained carers during the day, whilst older children attend nearby kindergartens and schools.

The shelter provides food, clothes and toys, as well as therapy, legal assistance, vocational training, tutoring, job assistance and support in locating a new home. In addition, WIZO provides women with the ability to gain financial independence as part of a holistic plan that empowers mothers to provide a better future for themselves and their children.

In Beit Heuss, in Herzliya Pituach, a series of workshops are provided for reformed addicts, (together with their spouses), for parents of children with special needs, for men/fathers to acquire parenting, communication and anger management skills, and for families to acquire tools to develop and strengthen parenting skills.

The Matrid Programme aims to raise youth awareness of sexual assault. The sessions include lectures and workshops combining theoretical knowledge and practical tools such as self-defence techniques.

The Mine and Only Mine Programme teaches young men and women how to identify and cope with negative influences and aggressive behaviour in the early stages of relationships. Knowing the warning signs is crucial in the fight against domestic violence in Israel.

In 2019/20 the global impact of the Coronavirus pandemic has meant that largely due to lockdown, domestic violence in Israel has increased by a staggering 300%. WIZO responded in May 2020 by opening Israel’s first emergency shelter for women and children to escape violence in the home whilst quarantining safely. Due to increased demand, this has now become WIZO’s third permanent shelter. When the women are ready to leave the shelter, the WIZO Safety Net programme provides vital assistance to enable a new, independent life in which to raise children and thrive.

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WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Working with minorities

WIZO provides vital services for all Israeli citizens, regardless of gender, race or religion. Projects and programmes across the country support Jewish, Arab, Druze, Bedouin, Christian and Circassian citizens, thus helping to promote a democratic society based upon respect, understanding, responsibility and equal opportunity.

WIZO.uk supports Rainbow House in Haifa, which provides hairdressing and beautician courses for approximately 600 multicultural men and women from all over the North of Israel

WIZO’s Day Care Centres and Schools employ teachers and caregivers from minority communities, which care for children from all sectors of society. Many successful graduates from the Vocational School in Jerusalem, Rainbow House in Haifa and the Youth Village in Nahalal are Arabs, where they learn harmoniously alongside Jewish students.

Art and Cultural Diversity projects were set up to facilitate dialogue between the diverse cultures of Israel with social gatherings in homes and participation in lectures on co-existence. Moving forward, WIZO is using its vast experience gained over more than 100 years to continue to develop new opportunities in this evolving society to support those in its care

Your support

WIZO.uk’s gross income for 2019/20 was £1.242M (2018/19 £2.042M).The coronavirus pandemic has had a significant impact on the charity’s ability to raise funds. This impacted on WIZO in the second half of the financial year because the charity was unable to convene both centralised and regional fundraising events, which therefore limited the charity’s income for this financial year.

Legacies

WIZO.uk is deeply grateful to our supporters who left a legacy towards WIZO’s work through gifts in their Wills. Their generous legacies, which totalled £125K in 2019/20, helped support hundreds of vulnerable families in Israel. We extend our sympathy and heartfelt thanks to their loved ones. We are also grateful to our supporters who have informed WIZO.uk of their plans to leave a gift in their Will. We applaud their foresight and leadership in making future generations of Israeli families a priority.

Individual supporters, patrons, trusts and government

In 2019/20, WIZO.uk received £364K from individual supporters, major donors, charitable trusts and family foundations. We are sincerely grateful for the loyal support and generosity of these individuals and organisations towards WIZO’s work in Israel.

WIZO.uk also received £56K in terms of support from the government relating to government schemes to help organisations that have suffered financially as a result of government restrictions that were put in place as a result of the Coronavirus pandemic.

Group fundraising

Through volunteering their time and organising a wide range of successful events, our loyal, dedicated and generous supporter groups across the UK raised £486K during 2019/20. The Trustees are grateful to all the Group Chairmen and their committees for their tireless work at raising much needed and valuable funds. Group fundraising includes amounts raised in respect of the Jewish Women’s Week campaign which is detailed further below.

Events, appeals and campaigns

A variety of successful fundraising events which raised a total of £227K took place during the year. This included the Rosh Hashanah Appeal (£58K), Coronavirus Day Care Centre Appeal (£21K), Diversity Project (£17K), Barzilai Hospital Day Care Centre Appeal (£25K) and Quiz@Home (£27K).

Jewish Women’s Week, which takes place every May, continues to be our most consistently successful fundraising campaign. Carried out by WIZO.uk’s volunteers through door-to-door collections, Jewish Women’s Week in 2019/20 raised £154K.

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WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Looking ahead

The continued impact of the coronavirus pandemic has presented challenges to the charity’s ability to raise funds. As a result WIZO has tried to maximise its income opportunities despite the financial impact of the pandemic and more significantly has reduced expenditure to counteract the shortfalls.

Despite the fundraising constraints we have remained committed raising significant funds for WIZO and to try and achieve our year 1 target of £2.1 million in our strategic plan. In anticipation of all restrictions being lifted we intend to revitalise our work schedule we will be reinstating visits to Israel educating and informing about WIZO.uk’s work, connecting with donors, promoting legacy giving, and offering opportunities to support specific areas WIZO.uk's activities

In the spring of 2021, WIZO approved a commitment of over £300K in order to partly fund the refurbishment of the Day Care Centre and the Barzilai Hospital. To date we have raised over £100,000 for this project and a further £60,000 is pledged.

In March 2021, WIZO received on account legacies in the sum of £620,000 from the Estates for Jonas Wilson and Hannah Judith Hersh.

In April 2021, WIZO launched its first digital appeal “Spring into Action” which raised over £400,000 from major donors, trusts and foundations and patrons.

We hosted a number of successful online events such as The Lonely Century, Chocolate Tasting Experience and Victims of Abuse.

Despite the anxiety regarding the viability of Jewish Women’s Week 2021 due to COVID-19, the determination of collectors nationwide and an innovative ‘virtual campaign, means that we are optimistic in raising over £150K despite the government restrictions.

COVD-19

The worldwide outbreak of the coronavirus pandemic (COVID-19) has caused extensive disruptions to organisations globally with major implications for operations as well finances. The trustees acknowledge and recognise the potential impact of the COVID-19 pandemic on the future operations of its donors, funded projects, volunteers, stakeholders and on the wider society. Key areas of the charity’s operations that have been impacted include:

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WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Financial review

Income

WIZO.uk’s total income from fundraising activities including investment income in 2019/20 was £1.242M (2018/19 £2.042M) before fundraising costs and other expenses. The Coronavirus pandemic has had a significant impact on the charity’s ability to raise funds. This impacted on WIZO.uk in the second half of the financial year because the charity was unable to convene both centralised and regional fundraising events, which therefore limited the charity’s income for the financial year.

Charitable expenditure

During 2019/20, £1.130M (2018/19 £1.983M) was made available for projects, programmes and capital renovations in Israel. This included £650K of previously committed grant funding, £400K from general funds and £80K from restricted funds and accumulated designated reserves. The reason for the decrease was that last year included the final commitment for our Centenary Project, the WIZO vocational high school in Jerusalem.

Governance costs

Governance costs provide the governance infrastructure for the charity to operate and generate the information for public accountability and include the costs of strategic planning for the future development of the charity. Governance costs amounted to £29,754 which is 2.4% of total income in 2019/20.

Investments

The charity holds most of its reserves as investments. At the year-end investments held amounted to £7.686M (2018/19 - £8.082M). During the year the charity attained gains on its investment portfolio of £550K (2018/19 - £278K). The gains made in the year being the net of £66K of realised loss and £616K of unrealised gains (2018/19 £49K gain realised, £229K gain unrealised).

The charity also received investment income from its investment portfolio and amounts held on fixed term deposits. During the year investment income amounted to £143K (2018/19 £184K). Overall, the charity’s investment performance is in line with the investment objective of obtaining real returns focused on capital growth with income.

Reserves

Total reserves at year end amounted to £6.036M (2018/19 - £5.712M). WIZO.uk’s policy on reserves is as follows:

The Charity's income is derived primarily from voluntary sources such as donations, legacies and fundraising activities by its supporters, as well as investment income. These sources are subject to a level of unpredictability. The Trustees consider it necessary to consolidate and secure the funding for the Charity's existing operating and charitable commitments and to build in a provision to enable it to respond to the charitable and investment needs of the future, including the long-term sustainability of projects being supported. The Trustees do not feel they will be able to plan effectively without securing several years of reserves for these commitments and future cost increases, as well as enabling the Charity to respond to emergencies.

Following the completion of the strategic review carried out by the Trustees in 2013, it was agreed that reserves should cover two years fixed annual operating costs, excluding those directly relating to fundraising events, plus a provision of £1M held to protect the Charity if the investments matching the long-term grant liability diminish in value. In total our reserves requirement currently equates to approximately £3M. Although WIZO.uk has seen its reserves declining in recent years, the Charity has benefited from continued increases in the value of its investment portfolio, which is reflected in this financial year’s results. The Trustees constantly monitor the situation to ensure that the reserves are maintained at more than the policy requires. At the date of producing these accounts the Trustees have no concerns about meeting all expected costs.

Investment policy

In accordance with the investment policies approved by the Trustees and the Investment Committee, the investment objectives of WIZO.uk are to:

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WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

The Investment Committee meets twice a year to set investment policy and review performance. The Charity’s investment portfolio is managed by two Investment Managers, with whom investment mandates have been agreed. The Investment Managers report on performance and compliance with their mandates at Investment Committee meetings and between meetings when considered necessary.

Volunteers

Our volunteers are the backbone of WIZO.uk’s success and achievements. Volunteers including our Trustees, Lay Advisors and supporter groups who donated many hours of their time during 2019/20. Fundraising activities were carried out by 106 supporter groups across the UK and through centrally organised events and campaigns. These groups work on a purely voluntary basis, whilst Head Office and regional offices use both salaried and voluntary workers.

Risk Management

The Trustees regularly review the risk register in order to assess the major risks to which the Charity is exposed. They are satisfied that good systems are in place to manage exposure to risks.

Major risks considered include those associated with fundraising in an increasingly competitive market, a difficulty in attracting younger members and a general reluctance to donate towards an Israel based charity. The concept of Zionism has changed over the past hundred years and Israel is perceived as having a thriving modern economy with little need of outside financial assistance. Changing demographics within the UK community mean that our traditional membership supporter base has aged, and its fundraising potential has diminished. Measures have been taken to minimise strategic risks and initiatives are being constantly developed to ensure that the Charity retains its share of the fundraising market and increases its supporter base from younger generations. With the advent of new data protection regulations in May 2020, the Trustees and senior management undertook a review and sought external specialist advice on the Charity’s preparedness and compliance with its legal obligations.

Governance

WIZO.uk is governed by a Board of Trustees that consists of no less than five and not more than fifteen individuals. The Charity is governed by its Memorandum and Articles of Association dated 1 May 2013 (as amended by a Special Resolution by the Members of the Charity on that date and on 22 June 2018), with key matters of governance set out in the governance handbook of the Charity. The Board of Trustees comprises: A Chairman, a President, up to four Elected Trustees, and up to nine Appointed Trustees. The maximum term of service for an Elected or Appointed Trustee is two consecutive terms of office, with each term lasting three years. Elected Trustees shall be elected by Members in accordance with such procedures as shall be prescribed by the Trustees in the Standing Orders. An individual (who complies with any criteria which may be set out in the Standing Orders) may be appointed by the Board of Trustees as an Appointed Trustee. Trustees that have recently joined the Board are provided with a comprehensive Trustee Induction Pack, in order to learn about the charity. They are also offered to attend trustee training courses, if required.

The Board of Trustees meets at least four times a year to ensure that WIZO.uk has a clear vision, mission and strategic direction and is focused on achieving them. This involves monitoring and acting to ensure that performance and impact is achieved. For example, the Board reviews and approves the plans of the charity, receives and examines reports on the charity’s financial affairs, monitors fundraising activities, and considers policies and procedures in areas such as risk management and legal and regulatory compliance.

A Finance Committee meets on a two monthly basis to consider strategic planning, financial controls, compliance, audit, grant procedures/projects and management reporting. An Investment Committee meets twice a year to set investment policy and review performance. A new Audit and Control Committee has been recently introduced to monitor the charity’s audit, risk and internal control arrangements.

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WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

WIZO.uk is currently led by the Chief Executive. The Senior Management Team consists of the Chief Executive, and the Director of Finance and Operations. The Senior Management Team deals with the operational aspects of the charity and carries out the strategic objectives that are set by the Board. Staff pay is the responsibility of the Remuneration Committee who meet to agree the annual pay award to staff for recommendation by the Board. All pay levels for the WIZO.uk key senior managers are benchmarked according to market practice and equivalent positions in other charitable organisations.

Supporter groups are managed locally by volunteers who have each signed a formal branch agreement with WIZO.uk. Financial activities of the groups have been consolidated within these accounts.

Commitment to Fundraising Guidance

We are committed to achieving the highest standards of professional fundraising. We registered with the Fundraising Regulator, to whom we pay the Fundraising Levy. Through the systems and processes we have put in place, we aim to achieve the standards set out in the Fundraising Code of Practice. We are signed up to the Fundraising Preference Service, and we screen against the Telephone Preference Service where appropriate.

During 2019/20 we worked closely with an external consultant to ensure our fundraising data protection practices were compliant with the new General Data Protection Regulation (GDPR). This included a review of our policies, our contracts with event organisers and data sharing agreements. From March 2019, to reflect the increasingly complex regulatory landscape and our commitment to fundraising compliance, we have put in place a GDPR Compliance Lead with a specific remit for compliance issues. This will help to ensure we continue to evolve our approach and to achieve best practice standards in all our fundraising activities.

WIZO.uk raises most of its voluntary income from individual supporters; Patrons, Charitable Trusts and Foundations; group fundraising; events; postal appeals; campaigns; Jewish Women’s Week; and legacies. We do not employ third party professional fundraisers or commercial organisations to fundraise on our behalf, but we do engage third parties to manage the logistics of some events. The majority of our fundraising activities are delivered in partnership with committees consisting of staff, Trustees and volunteers.

We do not take part in any intrusive or high-pressure fundraising activities such as street fundraising or cold calling by telephone. Our postal appeals are sent to existing donors only, and we establish new relationships with individual donors on the basis of personal contacts known to potential donors. We respect all requests to stop sending fundraising communications as set out in our Privacy Policy.

We are involved in door-to-door fundraising as part of Jewish Women’s Week, which is the only door-to-door collection in the UK Jewish Community that is authorised by the Home Office; we are exemption order holders. The majority of Jewish Women’s Week collectors are known to the individuals being approached. They are either their neighbours, members of the local community or previous supporters.

We monitor complaints arising from our fundraising activities and during 2019/20 we received no complaints.

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WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Trustees

The Trustees are also Directors for the purposes of company law. The Trustees who served during the year and up to the date of this report were as follows:

Elected Trustees Ilana Metzger Co-Vice Chair Ronit Ribak-Madari Chair Michele Vogel Appointed Trustees David Ashton Russell Cohen (resigned 18 November 2020) Amanda Collins Natasha Hausdorff (appointed 24 November 2020) Sarah Levy Co-Vice Chair Claude Littner (appointed 23 November 2020) Michèle Pollock President Stephen Brower Jill Shaw Annabel Stelzer (resigned 18 November 2020) John Ware (appointed 24 November 2020)

Disclosure of information to auditors

Each of the trustees (directors) has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information.

Auditors

The company appointed HW Fisher LLP as auditors to the company and a resolution proposing their re-appointment will be put to the members.

On behalf of the Board of Trustees

Ronit Ribak-Madari Chairperson of Trustees

Dated: 28 June 2021

WIZO.uk

Registered Office: Charles House, 108 - 110 Finchley Road, London, NW3 5JJ A company registered by guarantee registered in England No: 06634748 Registered Charity in England and Wales No: 1125012

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WIZO.UK

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 SEPTEMBER 2020

The Trustees, who are also the directors of WIZO.uk for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

12-

WIZO.UK

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF WIZO.UK

Opinion

We have audited the accounts of WIZO.uk ( the 'charity') for the year ended 30 September 2020 which comprise the Statement of Financial Activities including Income & Expenditure, the Balance Sheet, the Statement of Cash Flows and notes to the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:

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 Auditor's responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s 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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the accounts and our auditor’s report thereon. Our opinion on the accounts 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 accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts 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 accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement in this other information; we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

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

13

WIZO.UK

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF WIZO.UK

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 Directors' Report included within the Trustees 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 trustees

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

In preparing the accounts, 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the accounts

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s 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 accounts.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at: http://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 charitable company’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 charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Gary Miller Gary Miller (Senior Statutory Auditor)

for and on behalf of H W Fisher LLP Chartered Accountants Statutory Auditor Acre House 11-15 William Road London, NW1 3ER 29 June 2021

14

WIZO.UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2020

Unrestricted Designated
Restricted
funds
funds
funds
general
Notes
£
£
£
Income from:
Donations and legacies
3
445,853
-
98,980
Events, appeals and campaigns
4
506,733
-
48,403
Investments
5
142,505
-
-
Total income
1,095,091
-
147,383
Expenditure on:
Raising funds
6
348,845
-
-
Charitable activities:
WIZO.uk projects in Israel ()
7 & 22
1,040,575
14,093
65,522
Total expenditure
1,389,420
14,093
65,522
Net gains on investments
11
550,011
-
-
Net income/(expenditure)
255,682
(14,093)
81,861
Transfers between funds
12
48,113
-
(48,113)
Net movement in funds
303,795
(14,093)
33,748
Fund balances at 1 October 2019
4,942,997
707,646
61,798
Fund balances at 30 September
2020*
5,246,792
693,553
95,546		 Total
2020
£
544,833
555,136
142,505
1,242,474
348,845
1,120,190
1,469,035
550,011
323,450
-
323,450
5,712,441
6,035,891

(*)The figure of £1,120,190 includes remittances to our projects in Israel of £479,615. In addition, a sum of £650,000 was remitted as part of the grant commitment accrued in a prior year.

The statement of financial activities includes all gains and losses recognised in the year

All income and expenditure derive from continuing activities.

WIZO.UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2019

Unrestricted Designated
Restricted
funds
funds
funds
general
Notes
£
£
£
Income from:
Donations and legacies
3
266,704
-
199,497
Events, appeals and campaigns
4
787,852
-
604,178
Investments
5
184,197
-
-
Total income
1,238,753
-
803,675
Expenditure on:
Raising funds
6
674,545
-
(35)
Charitable activities:
WIZO.uk projects in Israel ()
7 & 22
1,136,469
73,342
854,627
Total expenditure
1,811,014
73,342
854,592
Net gains on investments
11
278,172
-
-
Net expenditure
(294,089)
(73,342)
(50,917)
Transfers between funds
12
(61,737)
-
61,737
Net movement in funds
(355,826)
(73,342)
10,820
Fund balances at 1 October 2018
5,298,823
780,988
50,978
Fund balances at 30 September
2019*
4,942,997
707,646
61,798		 Total
2019
£
466,201
1,392,030
184,197
2,042,428
674,510
2,064,438
2,738,948
278,172
(418,348)
-
(418,348)
6,130,789
5,712,441

(*)The figure of £2,064,438 includes remittances to our projects in Israel of £1,332,717. In addition, a sum of £650,000 was remitted as part of the grant commitment accrued in a prior year.

WIZO.UK

BALANCE SHEET

AS AT 30 SEPTEMBER 2020

Notes
Fixed assets
Intangible assets
13
Tangible assets
14
Investments
15
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
19
Net assets
Income funds
Restricted funds
21
Unrestricted funds
Designated funds
22
General funds		 2020
£
£
-
7,389
7,685,618
7,693,007
173,046
271,436
444,482
(877,074)
(432,592)
7,260,415
(1,224,524)
6,035,891
95,546
693,553
5,246,792
5,940,345
6,035,891		 2019
£
135,585
1,055,567
1,191,152
(1,751,876)
707,646
4,942,997		 £
3,546
13,083
8,081,560
8,098,189
(560,724)
7,537,465
(1,825,024)
5,712,441
61,798
5,650,643
5,712,441

The accounts were approved by the Trustees on 28 June 2021

Ronit Ribak-Madari Chairperson of Trustees

Company Registration No. 06634748

WIZO.UK

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

2020
Notes
£
£
Cash flows from operating activities
Net cash used in operating activities
26
(1,870,493)
Cash flows from investing activities
Dividends and interest from investments
142,505
Purchase of plant and equipment
(2,095)
Purchase of investments
(1,336,484)
Movements on funds held on deposit
299,147
Proceeds from sale of investments
1,983,289
Net cash provided by investing activities
1,086,362
Net increase in cash and cash equivalents
(784,131)
Cash and cash equivalents at beginning of year
1,055,567
Cash and cash equivalents at end of year
271,436		 2019
£
£
(1,561,546)
184,197
(17,979)
(667,474)
750,497
1,455,560
1,704,801
143,285
912,312
1,055,567

WIZO.UK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

1 Accounting policies

Charity information

WIZO.uk is a private company limited by guarantee incorporated in England and Wales. The registered office is Charles House, 108-110 Finchley Road, London, NW3 5JJ.

1.1 Accounting convention

The accounts have been prepared in accordance with Companies Act 2006 and “Accounting and Reporting by Charities” 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”), (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102)..

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these accounts are rounded to the nearest £.

The accounts have been prepared under the historical cost convention, modified to include fixed asset investments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The rationale for this conclusion is based on a comfortable level of reserves at 30 September 2020, the ability to liquidate our funds held on investment at any time and the charity’s successful results to date in the financial year 2020-21. Consequently, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.

In making this decision, the trustees have taken into consideration the risks and uncertainties arising from COVID-19 as highlighted om page 7 of the Trustees’ Report.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the accounts.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

1.4 Income

Income is recognised when the charity is legally entitled to it, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Events, appeals and campaigns income is accounted for on a receivable basis.

Investment income and interest is accounted for on a receivable basis.

Income from support groups (note 3) is included gross under the relevant category on the Statement of Financial Activities.

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

1 Accounting policies (continued)

Government grants are recognised at the fair value of the amount received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. Government grants relate to the Coronavirus Job Retention Scheme and the COVID-19 Local Authority Relief Grant. As these schemes involve a transfer of resources from government to the charity, they meet the definition of a government grant. The CJRS is designed to compensate for staff costs, so amounts received or receivable are recognised in the income over the same period as the costs to which they relate. Government grants are accounted for under the accrual model.

1.5 Expenditure

Resources expended are recognised in the period to which they relate. Resources expended include attributable VAT which cannot be recovered.

Costs of raising funds comprise the direct costs of functions and events and the general costs of promoting fundraising.

Direct charitable expenditure comprises all the expenditure relating to the activities carried out to achieve the charitable objectives.

Support costs comprise the costs incurred by the UK office in directly providing support for the Charity's activities. These have been allocated in full to the single charitable activity, remittances to Israel.

Governance costs represent the costs incurred in relation to the management of the Charity, organisational administration and compliance with constitutional and statutory requirements. These costs have also been allocated in full to the single charitable activity.

Staff costs are allocated between fundraising and charitable activities on the basis of time spent.

1.6 Intangible fixed assets

Intangible fixed assets are initially measured at cost and subsequently measured at cost, net of amortisation and any impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Computer website 33% straight line

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property 20% straight line Computer hardware & software 20% - 33% straight line Fixtures, fittings & equipment 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in the Statement of Financial Activities each year. Transaction costs are expensed as incurred.

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

1 Accounting policies (continued)

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or less..

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all its financial instruments.

The charity only has assets and 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 fixed asset investments that are initially recognised at transaction value and subsequently recognised at their fair value.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employees’ services are received. Termination payments are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14 Operating leases

Operating lease rentals are charged to the SOFA on a straight-line basis over the life of the lease. The charity does not hold any assets under a finance lease.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The trustees are required to make estimates in respect of legacy income. The basis of recognition is provided within the income accounting policy above (see policy 1.4).

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

3 Donations and legacies

Unrestricted
Restricted
funds
funds
general
£
£
Donations and gifts
264,928
98,980
Legacies receivable
124,632
-
Government grants
56,293
-
For the year ended 30 September 2020
445,853
98,980
Donations and gifts
230,558
199,497
Legacies receivable
36,146
-
For the year ended 30 September 2019
266,704
199,497		 Total
£
363,908
124,632
56,293
544,833
430,055
36,146
466,201

Included within government grants is £31,293 (2019: nil) in respect of the Coronavirus job Retention Scheme, and £25,000 (2019: nil) in respect of the COVID19 Local Authority Relief Grant as a government grant.

Contributions from supporting groups

The following amounts are included in the accounts in respect of contributions from societies:

Donations and Gifts
Events, Appeals and Campaigns
Less:
Fundraising Costs
Support Costs
Net income attributable to societies		 Total
2020
£
90,728
394,957
485,685
(44,520)
(1,985)
(46,505)
439,180		 Total
2019
£
70,019
549,990
620,009
(72,509)
(1,278)
(73,787)
546,222

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

4 Events, appeals and campaigns

Unrestricted Restricted Total
funds funds
general
£ £ £
Events, appeals and campaigns 506,733 48,403 555,136
Fundraising costs (249,904) - (249,904)
Net events, appeals and campaigns year ended 30 September 2020 256,829 48,403 305,232
Events, appeals and campaigns 787,852 604,178 1,392,030
Fundraising costs (558,600) - (558,600)
Net events, appeals and campaigns year ended 30 September 2019 229,252 604,178 833,430

5 Investments

Income from listed investments
Interest receivable		 2020
£
141,241
1,264
142,505		 2019
£
173,838
10,359
184,197

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

6 Raising funds

Unrestricted Designated
Restricted
funds
funds
funds
general
£
£
£
For the year ended 30
September 2020
Promotion and publicity
Seeking donations, grants and
legacies
8,128
-
-
Staff costs
35,903
-
-
Promotion and publicity
44,031
-
-
Fundraising costs
Fundraising activity costs
93,546
-
-
Staff costs
156,358
-
-
Fundraising costs
249,904
-
-
Investment management
54,910
-
-
For the year ended 30 September 2020
348,845
-
-
For the year ended 30
September 2019
Promotion and publicity
Seeking donations, grants and
legacies
26,282
-
-
Staff costs
30,293
-
-
Promotion and publicity
56,575
-
-
Fundraising costs
Fundraising activity costs
390,110
-
(35)
Staff costs
168,525
-
-
Fundraising costs
558,635
-
(35)
Investment management
59,335
-
-
For the year ended 30 September 2019
674,545
-
(35)		 Total
2020
£
8,128
35,903
44,031
93,546
156,358
249,904
54,910
348,845
26,282
30,293
56,575
390,075
168,525
558,600
59,335
674,510

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

7 Charitable activities: WIZO.uk projects in Israel

Remittances to Israel
Less already provided for
Net Remittances to Israel
Finance cost
Share of support costs (see note 8)
Share of governance costs (see note 8)
Analysis by fund
Unrestricted funds – general
Unrestricted funds – designated
Restricted funds		 2020
£
1,129,615
(650,000)
479,615
49,500
529,115
561,321
29,754
1,120,190
1,040,575
14,093
65,522
1,120,190		 2019
£
1,982,717
(650,000)
1,332,717
61,275
1,393,992
641,596
28,850
2,064,438
1,136,469
73,342
854,627
2,064,438

8 Support costs

Staff costs
Depreciation
Premises costs
Consultancy
Other costs
Audit fees
Legal and professional
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
220,112
10,926
11,335
-
159,954
-
89,059
-
80,861
-
-
18,737
-
91
561,321
29,754
561,321
29,754		 2020 Basis of allocation
£
231,038 Time spent
11,335 Support cost
159,954 Support cost
89,059 Support cost
80,861 Support cost
18,737 Governance
91 Governance
591,075
591,075

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

8 Support costs (continued)

Staff costs
Depreciation
Premises costs
Consultancy
Other costs
Audit fees
Legal and professional
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
209,636
13,600
22,769
-
182,699
-
123,289
-
103,203
-
-
13,340
-
1,910
641,596
28,850
641,596
28,850		 2019 Basis of allocation
£
223,236 Time spent
22,769 Support cost
182,699 Support cost
123,289 Support cost
103,203 Support cost
13,340 Governance
1,910 Governance
670,446
670,446

Included within support costs are amounts payable under operating lease arrangements which amounted to £125,746 (2019 - £156,649)

9 Trustees

Expenditure of £426 (2019: £1,118) was incurred in expenses relating to one trustee (2019 – 1 trustee). The majority of this was for transportation costs associated with visits to Israel to monitor projects, as well as to WIZO group locations in the UK. Costs were also incurred for workshops and training for trustees. Donation income received from Trustees during the year amounted to £37,363 (2019: £60,376) of which £6,000 (2019: £51,000) related to restricted fund donations.

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. The charity has also purchased trustee indemnity insurance on behalf of the trustees. The cost of the insurance was £1,539 during the year (2019: £2,213).

10 Employees

Number of employees

The average monthly number employees during the year was:

Number of employees
The average monthly number employees during the year was:
2020 2019
Number Number
Promotion and publicity department 2 2
Fundraising department 7 9
General and project support, administration and governance 6 6
15 17

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

10 Employees (continued)
Employment costs 2020 2019
£ £
Wages and salaries 354,320 370,152
Social security costs 28,839 32,557
Other pension costs 17,028 15,070
Redundancy costs 23,111 4,275
423,298 422,054
The number of employees whose annual remuneration was £60,000 or more
2020 2019
Number Number
Between £60,001 and £70,000 1 -
The charity's key management personnel comprise the Board of Trustees and the Chief Executive.

The total benefit received by key management personnel in the year amounted to £76,826 (2019: £58,098).

11 Net gains on investments

Revaluation of investments
(Loss)/gains on sale of investments		 2020
£
615,657
(65,646)
550,011		 2019
£
229,429
48,743
278,172

12 Transfers

Included within transfer between funds are the release of restricted fund balances of £48,113 (2019: - release to restricted funds £61,737) relating to the unfunded element of the Centenary project which is therefore being funded out of General Reserves. The release to restricted funds in this year relates to a foreign exchange gain which compensates for a foreign exchange loss that occurred in the previous year which was paid from unrestricted funds.

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

13 Intangible fixed assets

Cost
At 1 October 2019
Additions
At 30 September 2020
Amortisation
At 1 October 2019
Charge for the year
At 30 September 2020
Net Book Value
At 30 September 2020
At 30 September 2019		 Total -
Website
£
51,168
-
51,168
47,622
3,546
51,168
-
3,546

All intangible fixed assets are used for charitable purposes.

14 Tangible fixed assets

Leasehold
property
Computer
hardware &
software
Fixtures,
fittings &
equipment
£
£
£
Cost
At 1 October 2019
166,314
135,738
38,792
Additions
-
2,095
-
At 30 September 2020
166,314
137,833
38,792
Depreciation
At 1 October 2019
166,314
122,655
38,792
Charge for the year
-
7,789
-
At 30 September 2020
166,314
130,444
38,792
Net Book Value
At 30 September 2020
-
7,389
-
At 30 September 2019
-
13,083
-		 Total
£
340,844
2,095
342,939
327,761
7,789
335,550
7,389
13,083

All tangible fixed assets are used for charitable purposes.

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

15 Fixed asset investments

Cost or valuation
At 1 October 2019
Additions
Valuation changes
Net capital withdrawals
Disposals
Investment income received
Investment management fees paid
At 30 September 2020
Cost or valuation
At 1 October 2018
Additions
Valuation changes
Net capital withdrawals
Disposals
Investment income received
Investment management fees paid
At 30 September 2019		 Cash
£
350,495
(1,336,484)
-
(902,583)
1,983,289
141,240
(54,910)
181,047
Cash
£
351,399
(667,474)
-
(904,686)
1,455,560
175,020
(59,336)
350,483		 Managed
funds
£
7,580,314
1,336,484
550,011
-
(1,983,289)
-
-
7,483,520
Managed
funds
£
8,090,241
667,474
278,172
-
(1,455,560)
-
-
7,580,327		 Deposits
£
150,751
-
-
(130,965)-
-
1,265
-
21,051
Deposits
£
900,331
-
-
(759,940)
-
10,359
-
150,750		 Total
£
8,081,560
-
550,011
(1,033,548)
-)
142,505
(54,910)
7,685,618
Total
£
9,341,971
-
278,172
(1,664,626)
-
185,379
(59,336)
8,081,560

16 Subsidiaries

The charity owns the whole of the issued share capital of Wizadvert Limited, being 100 ordinary shares of £1 each. The company is dormant.

Consolidated accounts have not been prepared as the inclusion of the charity's only subsidiary in a set of consolidated accounts would not be material for the purposes of giving a true and fair view.

Details of the charity's subsidiaries at 30 September 2020 are as follows:

Name of undertaking and country of Nature of business Class of % Held incorporation or residency shareholding Direct Indirect Wizadvert Limited United Kingdom The company is dormant. Ordinary 100

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

17 Debtors

Amounts falling due within one year:
Other debtors
Prepayments and accrued income
Amounts falling due after more than one year:
Other debtors
18
Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income		 2020
£
17,833
129,545
25,668
173,046
2020
£
10,361
707,465
159,248
877,074		 2019
£
24,766
85,151
25,668
135,585
2019
£
7,040
693,630
1,051,206
1,751,876

Included within other creditors is an amount due to World WIZO of £650,000.

Included within deferred income is £561 (2019: £139) of income received in advance for events taking place after the year end.

19 Creditors: amounts falling due after more than one year

Outstanding grant commitment
Discount applied		 2020
£
1,300,000
(75,476)
1,224,524		 2019
£
1,950,000
(124,976)
1,825,024

In accordance with FRS102, a discount rate has been applied to the long-term grant commitment to reflect the net present value. The rate applied was 2% based on current inflation rate and current yields on high quality corporate bonds of 2.29%.

The grant commitment is payable in annual instalments of £650,000 per annum ending in 2022/23.

20 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £17,028 (2019-£15,070).

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

21 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at 1
October
2019
£
Emergency Pesach Appeal
-
Tiberias Scholarships
1,800
Barzilai Hospital Day Care Centre
-
Diversity Project – Fundraising
Initiative (Art Project)
5,029
Music Therapy Room – Rebecca Sieff
Vocational School
-
Afula Community Centre
-
Otzma Tze’irah Programme
-
Beit Hakarem Garden
6,332
Haifa Neve Sha'anan, Migdal
Haemek & Rehovot Centre- Wizo
Community Centres
-
Jerusalem, Rebecca Sieff Centre
4,707
Musical Gardens Rebecca Sieff
Centre , Jerusalem
330
Maoz Zion Day Care Centre
23,567
Elaine and Neville Young DCC
-
Nahalal Youth Village
1,000
Jerusalem, WIZO Vocational High
School
500
Haifa, Rainbow House – Youth
Beauty School
1,541
Digitisation Project
16,008
Centenary Project – Rebecca Sieff
Vocational School (School of
Dreams)
984
61,798		 Movement in funds
Income Expenditure
Transfers Balance at 30
September
2020
£
£
£
£
5,057
(4,999)
(58)
-
-
-
-
1,800
55,546
-
-
55,546
17,000
(17,856)
-
4,173
10,000
(5,000)
-
5,000
1,300
(1,300)
-
-
180
-
-
180
-
-
-
6,332
25,000
(25,000)
-
-
-
-
-
4,707
-
-
(330)
-
(31,839)
8,272
-
800
-
-
800
-
-
-
1,000
-
-
(500)
-
-
-
(1,541)
-
-
-
-
16,008
32,500
20,472
(53,956)
-
147,383
(65,522)
(48,113)
95,546

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

21 Restricted funds (continued)

Balance at 1
October
2018
£
Olive Tree Project – Fundraising
Initiative (Art Project)
4,994
Tiberias Scholarships
-
Afula Community Centre
-
Susi Bradfield, Jerusalem
11,437
Otzma Tze’irah Programme
-
Beit Hakerem Garden
6,332
Haifa Neve Sha'anan, Migdal
Haemek & Rehovot Centre- Wizo
Community Centres
-
Jerusalem, Rebecca Sieff Centre
4,707
Musical Gardens Rebecca Sieff
6,000
Centre, Jerusalem
Maoz Zion Day Care Centre
-
Jerusalem, Women’s Shelter
-
Nahalal Youth Village
1,000
Jerusalem, WIZO Vocational High
School
500
Haifa, Rainbow House – Youth
Beauty School
-
Digitisation Project
16,008
Centenary Project – Rebecca Sieff
Vocational School of Dreams
-
50,978		 Movement in funds
Income Expenditure
Transfers Balance at 30
September
2019
£
£
£
£
-
35
-
5,029
1,800
-
-
1,800
1,200
(1,200)
-
-
12,003
(23,440)
-
-
180
(180)
-
-
-
-
-
6,332
20,000
(20,000)
-
-
-
-
-
4,707
-
(5,670)
-
330
-
22,500
1,067
-
23,567
250
(250)
-
-
-
-
-
1,000
-
-
-
500
-
1,541
-
1,541
-
-
-
16,008
745,742
(806,495)
61,737
984
803,675
(854,592)
61,737
61,798

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

22 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds Movement in funds
Balance at 1 Income Expenditure Balance at 30
October September 2020
2019
£ £ £ £
Renovation reserve 628,785 - (14,093) 614,692
Travel fund for membership dues 9,961 - - 9,961
Promotional reserve 68,900 - - 68,900
707,646 - (14,093) 693,553

Renovation Reserve is to provide funds for renovations requested by World WIZO, as and when agreed by WIZO.uk. The Promotional Reserve is to provide funds for increasing awareness of WIZO.uk and its activities. The Travel fund relates to monies set aside from membership dues to fund the travel costs in order for participants to visit WIZO.uk’s funded projects in Israel.

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

22 Designated funds (continued)

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds Movement in funds Movement in funds
Balance at 1
Income Expenditure		 Balance at 30
October September 2019
2018
£ £ £ £
Renovation reserve 702,127 - (73,342) 628,785
Travel fund for membership dues 9,961 - - 9,961
Promotional reserve 68,900 - - 68,900
780,988 - (73,342) 707,646
Analysis of net assets between funds
General Designated Restricted Total
funds funds funds
£ £ £ £
Fund balances at 30 September 2020 are
represented by:
Intangible and Tangible fixed assets 7,389 - - 7,389
Investments 6,896,519 693,553 95,546 7,685,618
Current assets/(liabilities) (432,592) - - (432,592)
Long term liabilities (1,224,524) - - (1,224,524)
5,246,792 693,553 95,546 6,035,891
General Designated Restricted Total
funds funds funds
£ £ £ £
Fund balances at 30 September 2019 are
represented by:
Intangible and Tangible fixed assets 16,629 - - 16,629
Investments 7,312,116 707,646 61,798 8,081,560
Current assets/(liabilities) (560,724) - - (560,724)
Long term liabilities (1,825,024) - - (1,825,024
4,942,997 707,646 61,798 5,712,441

23 Analysis of net assets between funds

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2020

24 Operating lease commitments

At the 30 September 2020, the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Land and buildings
Within one year
Between two and five years
Other
Within one year
Between two and five years		 2020
£
38,056
190,281
190,281
8,560
13,220
21,780		 2019
£
152,225
190,281
342,506
8,560
21,780
30,340

25 Related party transactions

During the year there were no related party transactions (2019: nil).

26 Cash generated from operations
26 Cash generated from operations 2020 2019
£ £
Net income/(expenditure) for the year 323,450 (418,348)
Adjustments for:
Investment income recognised in profit or loss (142,505) (184,197)
Loss/(gain) on disposal of investments 65,646 (48,743)
Fair value gains and losses on investments (615,657) (229,429)
Depreciation of intangible and tangible fixed assets 11,335 22,769
Movements in working capital:
(Increase)/decrease in debtors (37,461) 61,001
Decrease in creditors (1,475,301) (764,599)
Cash absorbed by operations (1,870,493) (1,561,546)
27 Analysis of changes of net debt

The charity had no net debt during the year.