OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-09-30-accounts

Charity Registration No. 1125012

Company Registration No. 06634748 (England and Wales)

WIZO.UK

ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

WIZO.UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees David Ashton
Stephen Brower
Robert Gershon
Natasha Hausdorff
Rupert Levy
Claude Littner
Mandy Namdar
Ronit Ribak-Madari
Danielle Shane
Jill Shaw
Annabel Stelzer
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 Barclays Bank Plc
Leicester Servicing Centre
Leicester
L87 2BB
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

WIZO.UK

CONTENTS

Page
Trustees' report 1 – 11
Statement of Trustees' responsibilities 12
Independent auditor's report 13 – 15
Statement of financial activities 16 – 17
Balance sheet 18
Statement of cash flows 19
Notes to the accounts 20 - 36

WIZO.UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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 2021. This report is also the directors’ report as required by Company Law.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with its Memorandum and 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).

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 105 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 2021. In doing so, 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 described in this report.

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:

1

WIZO.UK TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 WIZOUK PROJECTS ACROSS ISRAEL Comrntsnoty C•ntr•$ Afula Ashdod Ashkelon Bat Yam Beersheva Dimona Eilat Givatayim Hadera Haifa Herzliya Hod Hasharon Holon Jaffa Jerusalem Kadima Kiryat Gat Kiryat Malachi Kiryat Yam Mechola Migdal Haemek Nahariy Nazareth Illit Nes Ziona Netanya Olakim Pardes Katz Petach Tikvah Ra'anana Ramat Gan Ramat Hasharon Rehovot Rlshon Le'zlon Safed Tel Aviv Zarit Zichron Yaakov Kiryat vno Eilat Givatayim Hadera Jerusalem Kadima Kfar Saba Kiryat Motzkin Kiryat Shmona Maoz Zion Meva55eret Ne5 Harim Netanya Or Yehuda Ramat Gan Rishon Le'zion Sderot Tel Av Yavne Zur Shalom Tiberias Afula Jer alem Prevention ol Violen¢¢ C¢rtr¢s Ashkelon Jerusalem Ramat Gan Sderot Schools Jerusalem Nahalal Shelter lor Victims ol domestic ¥iol•nc• Beer Sh va Shops Holon Jerusalem Petach Tikva Tel Av Yad Eliahu Day Car• C•ntr•s Air Base Ashdod Ashkelon Bat Yam Bet Shemesh Youth Clubs Alula Bat Yam Jerusalem Tiberias

WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Working under COVID-19 restrictions

As in the previous year the activities of WIZO.uk in the year to 30 September 2021 were impacted by the Coronavirus Pandemic (COVID-19), in particular how government restrictions limited our ability to hold fundraising events. However, despite these challenges WIZO.uk have succeeded in raising funds for its projects, and this is best made evident by our successful 36-hour crowdfunding campaign Spring into Action which took place in May 2021.

The sections below show how our projects have continued to operate during the pandemic. Page 7 of this report 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 2020/21, WIZO.uk sent £2.242M (2019/20 £1.120M) 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 2020/2021 while almost all educational institutions had to close during lockdown, WIZO Day Care Centres at the 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 years education and developmental support in a loving and professional environment that allows them to enjoy their childhood and flourish.

Our 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.

3

WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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 attended by students from low socio-economic background, encompasses an education and cultural programme, focusing on leadership and empowerment. 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 celebration party.

Schools and Youth Villages

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 future.

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

WIZO’s Nahalal Youth Village , which is operated through the Ministry of Education and supported by WIZO.uk and Canadian Hadassah WIZO, caters for 1,500 students aged 11 to 16, some referred by social services, with over 150 of these classed as at-risk. At this time, 90 students come from countries within the former Soviet Union, Europe, Canada, USA and Brazil to complete their schooling through the Na’aleh and Aniere youth education programmes. In addition, some are offered the opportunity to also study at the Haifa Technion to receive further scientific and engineering tuition aiming ultimately to make Aliyah, and to use their expertise for the benefit of Israel once they have completed their IDF (Israeli Defence Force) service.

4

WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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 two 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.

At Beit Heuss, in Herzliya Pituach, 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.

5

WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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 2020/21 was £2.294M (2019/20 £1.242M). The coronavirus pandemic had a significant impact on the charity’s ability to raise funds in the previous year, however in 2020/2021 our income significantly increased as a result of receiving some significant legacies and also because of our successful crowdfunding campaign – Spring into Action.

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 £957K in 2020/21, 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 2020/21, WIZO.uk received £353K 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 £5K 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 £611K during 2020/21. Further analysis of group income appears on page 23. 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 £149K took place during the year and forms a part of events, appeals and campaigns income in the accounts. Events included the Rosh Hashanah Appeal (£69K), Literary Lunch (£15K), Victims of Abuse Appeal (£4K), Barzilai Hospital Day Care Centre Appeal (£58K) and Quiz@Home (£3K).

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 2020/21 raised £91K.

6

WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Looking ahead

The beginning of this financial year 2021/2022 commenced with the continued impact of the coronavirus pandemic which presented challenges to the charity’s ability to raise funds, however since the government restrictions were lifted and less concern from the pandemic given the extent of the UK’s vaccination programme, we were able to host a number of fundraising events, namely our Sponsor A Child Lunch, the Literary Lunch, Quiz at Home and more recently the Golf Day. In addition, the lifting of the restrictions allowed the staff to work in the office.

Despite the fundraising constraints we have remained committed to raising significant funds for WIZO and to try to achieve the year 2 target of £2.3 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 of WIZO.uk's activities

In December 2021, WIZO received an interim legacy in the sum of £200,000 from the Estate of Jonas Wilson.

In March 2022 we launched an appeal supporting those who have suffered as a result of the war in Ukraine.

In September 2022, we plan to commence our Women Leading the Way Campaign which will include a 3-day immersive exhibition concept allowing people to experience and engage with some of the work WIZO does first hand.

COVD-19

The coronavirus (COVID-19) pandemic has caused extensive disruptions to organisations globally with major implications for operations as well as 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:

7

WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Financial review

Income

WIZO.uk’s total income from fundraising activities including investment income in 2020/21 was £2.294M (2019/20 £1.242M) before fundraising costs and other expenses. The coronavirus pandemic has had a significant impact on the charity’s ability to raise funds in the previous year, however in 2020/2021 our income significantly increased as a result of receiving some significant legacies and also because of our successful crowdfunding campaign – Spring into Action.

Charitable expenditure

During 2020/21, £2.297M (2019/20 £1.130M) was made available for projects, programmes and capital renovations in Israel. This included £650K of previously committed grant funding, £1.475K from general funds and £172K from restricted funds and accumulated designated reserves. In addition, in this year the trustees exceptionally awarded an additional year of quota funding amounting to £650K and payable in the financial year 2023-2024.

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 £34,389 which is 1.5% of total income in 2020/21.

Investments

The charity holds most of its reserves as investments. At the year-end investments held amounted to £7.811M (2019/20 - £7.686M). During the year the charity made gains on its investment portfolio of £949K (2019/20 - £550K). The gains made in the year being the net of £68K of realised gain and £881 of unrealised gains (2019/20 £66K loss realised, £616K 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 £135K (2019/20 £143K). 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 £6.705M (2019/20 - £6.036M). 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 funding for the Charity's existing operating and charitable commitments and to build in sufficient reserves to enable it to respond to the charitable 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 expenditure exceed its income 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 and which has led to a net increase in reserves. 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:

8

WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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, donated many hours of their time during 2020/21. Fundraising activities were carried out by 105 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 support from younger generations. With the advent of new data protection regulations in May 2019, 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 and an Audit and Control Committee meets twice a year to monitor the charity’s audit, risk and internal control arrangements.

9

WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

WIZO.uk is currently led by the Chief Executive. The Senior Management Team consists of the Chief Executive, and the Director of Finance. 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 2020/21 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 2020, 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 2020/21 we received no complaints.

10

WIZO.UK

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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 (resigned 17 May 2022) Ronit Ribak-Madari President Annabel Stelzer Chair elected 7 July 2021) Michele Vogel (resigned 7 July 2021) Appointed Trustees David Ashton Stephen Brower Russell Cohen (resigned 18 November 2020) Amanda Collins (resigned 19 September 2021) Robert Gershon (appointed 17 May 2022) Natasha Hausdorff (appointed 24 November 2020) Rupert Levy (appointed 9 November 2021) Sarah Levy Co-Vice Chair (resigned 17 May 2022) Claude Littner (appointed 23 November 2020) Mandy Namdar (appointed 14 September 2021) Michèle Pollock President (resigned 7 July 2021) Danielle Shane (appointed 14 September 2021) Jill Shaw Annabel Stelzer (resigned 18 November 2020) John Ware (appointed 24 November 2020)

Disclosure of information to auditor

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 auditor is aware of such information.

Auditor

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

On behalf of the Board of Trustees

Annabel Stelzer Chairperson of Trustees

Dated: 29 July 2022

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

11

WIZO.UK

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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 2021 which comprise the Statement of Financial Activities including Income & Expenditure, the Balance Sheet, the Statement of Cash Flows and notes to the accounts, including 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

In auditing the accounts, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the accounts 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 accounts are authorised for issue.

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

Other information

The other information comprises the information included in the annual report, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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 this gives rise to a material misstatement in the accounts themselves. 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.

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 in relation to which 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 purpose 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 charitable 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.

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 is detailed below:

As part of our planning process:

14

WIZO.UK

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF WIZO.UK

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the accounts even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the trustees of the charity.

A further description of our responsibilities is available 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 (Senior Statutory Auditor)

for and on behalf of HW Fisher LLP Chartered Accountants Statutory Auditor Acre House 11-15 William Road London, NW1 3ER 29 July 2022

15

WIZO.UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Unrestricted Designated
Restricted
funds
funds
funds
general
Notes
£
£
£
Income from:
Donations and legacies
3
1,281,202
-
34,400
Events, appeals and campaigns
4
779,252
-
64,363
Investments
5
134,789
-
-
Total income
2,195,243
-
98,763
Expenditure on:
Raising funds
6
331,635
-
-
Charitable activities:
WIZO.uk projects in Israel ()
7
1,645,484
450,397
146,209
Total expenditure
1,977,119
450,397
146,209
Net gains on investments
11
948,898
-
-
Net income/(expenditure)
1,167,022
(450,397)
(47,446)
Transfers between funds
12
(850,000)
850,900
(900)
Net movement in funds
317,022
400,503
(48,346)
Fund balances at 1 October 2020
5,246,792
693,553
95,546
Fund balances at 30 September
2021*
5,563,814
1,094,056
47,200		 Total
2021
£
1,315,602
843,615
134,789
2,294,006
331,635
2,242,090
2,573,725
948,898
669,179
-
669,179
6,035,891
6,705,070

(*)The figure of £2,242,090 includes remittances to our projects in Israel of £1,646,606.

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 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
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

BALANCE SHEET

AS AT 30 SEPTEMBER 2021

2021
Notes
£
Fixed assets
Intangible assets
13
Tangible assets
14
Investments
15
Current assets
Debtors
17
345,170
Cash at bank and in hand
1,003,621
1,348,791
Creditors: amounts falling due within
one year
18
(1,257,204)
Net current assets/(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
1,094,056
General funds
5,563,814
The accounts were approved by the Trustees on 29 July 2022
Annabel Stelzer
Chairperson of Trustees
Company Registration No. 06634748		 £
-
7,401
7,811,210
7,818,611
91,587
7,910,198
(1,205,128)
6,705,070
47,200
6,657,870
6,705,070		 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

WIZO.UK

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

2021
Notes
£
Cash flows from operating activities
Net cash used in operating activities
26
Cash flows from investing activities
Dividends and interest from investments
134,789
Purchase of plant and equipment
(10,055)
Purchase of investments
(1,683,398)
Movements on funds held on deposit
81,158
Proceeds from sale of investments
2,425,546
Net cash provided by investing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2020
£
£
£
(215,855)
(1,870,493)
142,505
(2,095)
(1,336,484)
299,147
1,983,289
948,040
1,086,362
732,185
(784,131)
271,436
1,055,567
1,003,621
271,436

WIZO.UK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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 the charity’s Articles of Association, 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 possessing a comfortable level of reserves at 30 September 2021 and as at the date of signing these accounts, the ability to liquidate its funds held on investment at any time and the charity’s successful results to date in the financial year 2021-22. Consequently, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

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, campaigns and government grant 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 to the relevant category on the Statement of Financial Activities.

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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 performance 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 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 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 2021

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 estimates and judgements are based on the policies and the amount reported in the accounts. The estimates and judgements are based on the historical experiences and other factors including expectations of future events that are believed to be reasonable at the time such estimates and judgements are made.

In the view of the Trustees there are no significant judgements.

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

3 Donations and legacies

Unrestricted Restricted Total
funds funds
General
£ £ £
Donations and gifts 318,961 34,400 353,361
Legacies receivable 957,188 - 957,188
Government grants 5,053 - 5,053
For the year ended 30 September 2021 1,281,202 34,400 1,315,602
Unrestricted Restricted Total
funds funds
general
£ £ £
Donations and gifts 264,928 98,980 363,908
Legacies receivable 124,632 - 124,632
Government grants 56,293 - 56,293
For the year ended 30 September 2020 445,853 98,980 544,833

Included within government grants is £5,053 (2020: 31,293) in respect of the Coronavirus Job Retention Scheme, and £Nil (2020: £25,000) 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
2021
£
107,391
502,189
609,580
(14,579)
(651)
(15,230)
594,350		 Total
2020
£
90,728
394,957
485,685
(44,520)
(1,985)
(46,505)
439,180

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

4 Events, appeals and campaigns

Unrestricted
Restricted
funds
funds
general
£
£
Events, appeals and campaigns
779,252
64,363
Fundraising costs
(231,886)
-
Net events, appeals and campaigns year ended 30 September 2021
547,366
64,363
Unrestricted
Restricted
funds
funds
General
£
£
Events, appeals and campaigns
506,733
48,403
Fundraising costs
(249,904)
-
Net events, appeals and campaigns year ended 30 September 2020
256,829
48,403
Investments
2021
£
Income from listed investments
134,738
Interest receivable
51
134,789		 Total
£
843,615
(231,886)
611,729
Total
£
555,136
(249,904)
305,232
2020
£
141,241
1,264
142,505

All investment income is attributable to unrestricted funds.

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

Unrestricted Designated
Restricted
funds
funds
funds
general
£
£
£
For the year ended 30
September 2021
Promotion and publicity
Seeking donations, grants and
legacies
4,931
-
-
Staff costs
36,821
-
-
Promotion and publicity
41,752
-
-
Fundraising costs
Fundraising activity costs
101,304
-
-
Staff costs
130,582
-
-
Fundraising costs
231,886
-
-
Investment management
57,997
-
-
For the year ended 30 September 2021
331,635
-
-
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
-
-		 Total
2021
£
4,931
36,821
41,752
101,304
130,582
231,886
57,997
331,635
Total
2020
£
8,128
35,903
44,031
93,546
156,358
249,904
54,910
348,845

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

7 Charitable activities:

WIZO.uk projects in Israel

Remittances to Israel
New grant commitment made in the year
Less already provided for
Net Remittances to Israel
Finance cost – new commitment
Finance cost – existing commitment commitments
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		 2021
£
1,646,606
650,000
(650,000)
1,646,606
(56,887)
37,491
1,627,210
580,491
34,389
2,242,090
1,645,484
450,397
146,209
2,242,090		 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

8 Support costs

Staff costs
Depreciation
Premises costs
Consultancy
Other costs
Audit fees
Legal and professional
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
221,117
11,057
10,043
-
151,944
-
112,619
-
84,768
-
-
22,539
-
793
580,491
34,389
580,491
34,389		 2021 Basis of allocation
£
232,174 Time spent
10,043 Support cost
151,944 Support cost
112,619 Support cost
84,768 Support cost
22,539 Governance
793 Governance
614,880
614,880

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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
£
£
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

Included within support costs are amounts payable under operating lease arrangements which amounted to £118,417 (2020 - £125,746)

9 Trustees

Expenditure of £Nil (2020: £426) was incurred in expenses relating to trustees (2020 – 1 trustee). The majority of trustees travel costs 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 £34,857 (2020: £37,363) of which £Nil (2020: £6,000) 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 (2020: £1,539).

10 Employees

Number of employees

The average monthly number of employees during the year was:

Number of employees
The average monthly number of employees during the year was:
2021 2020
Number Number
Promotion and publicity department 2 2
Fundraising department 6 7
General and project support, administration and governance 6 6
14 15

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

10 Employees (continued)
Employment costs 2021 2020
£ £
Wages and salaries 353,838 354,321
Social security costs 29,442 28,839
Other pension costs 16,297 17,028
Redundancy costs - 23,111
399,577 423,299
The number of employees whose annual remuneration was £60,000 or more
2021 2020
Number Number
Between £60,001 and £70,000 1 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 £77,861 (2020: £76,826).

11 Net gains on investments

Revaluation of investments
Gain/(loss) on sale of investments		 2021
£
880,622
68,276
948,898		 2020
£
615,657
(65,646)
550,011

All gains on investments are attributable to unrestricted funds.

12 Transfers

Included within transfer between funds are the release of restricted fund balances of £900 (2020: - release of restricted funds £48,113) and an £850,000 transfer from general funds to designated funds as agreed by the board of trustees during the year. Release of restricted funds to general funds arise when in previous years general funds have underwritten a project that was not fully funded by restricted funds in that particular year. Therefore funds released from restricted to general funds cannot exceed the value of general funds that have funded the relevant project previously.

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

13 Intangible fixed assets

Cost
At 1 October 2020
Additions
At 30 September 2021
Amortisation
At 1 October 2020
Charge for the year
At 30 September 2021
Net Book Value
At 30 September 2021
At 30 September 2020
All intangible fixed assets are used for charitable purposes.
Tangible fixed assets
Leasehold
property
Computer
hardware &
software
Fixtures,
fittings &
equipment
£
£
£
Cost
At 1 October 2020
166,314
137,833
38,792
Additions
-
10,055
-
At 30 September 2021
166,314
147,888
38,792
Depreciation
At 1 October 2020
166,314
130,444
38,792
Charge for the year
-
10,043
-
At 30 September 2021
166,314
140,487
38,792
Net Book Value
At 30 September 2021
-
7,401
-
At 30 September 2020
-
7,389
-		 Total -
Website
£

51,168
-
51,168


51,168
-
51,168


-

-




Total
£

342,939
10,055
352,994
335,550
10,043
345,593
7,401
7,389

14 Tangible fixed assets

All tangible fixed assets are used for charitable purposes.

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

15 Fixed asset investments

Cost or valuation
At 1 October 2020
Additions
Valuation changes
Net capital withdrawals
Disposals
Investment income received
Investment management fees paid
At 30 September 2021
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		 Cash
£
181,047
(1,683,398)
-
(900,098)
2,425,546
134,779
(57,997)
99,879
Cash
£
350,495
(1,336,484)
-
(902,583)
1,983,289
141,240
(54,910)
181,047		 Managed
funds
£
7,483,520
1,683,398
948,898
-
(2,425,546)
-
-
7,690,270
Managed
funds
£
7,580,314
1,336,484
550,011
-
(1,983,289)
-
-
7,483,520		 Deposits
£
21,051
-
-
-
-
10
-
21,061
Deposits
£
150,751
-
-
(130,965)
-
1,265
-
21,051		 Total
£
7,685,618
-
948,898
(900,098)
-
134,789
(57,997)
7,811,210
Total
£
8,081,560
-
550,011
(1,033,548)
-
142,505
(54,910)
7,685,618

16 Subsidiary undertaking

The charity owns the whole of the issued share capital of Wizadvert Limited, a company incorporated in the United Kingdom, and which has 100 ordinary shares of £1 each. The registered addressed of the subsidiary undertaking is Charles House, 108-110 Finchley Road, London, NW3 5JJ. 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.

-30 -

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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		 2021
£
35,298
284,204
_
319,502
25,668
345,170
2021
£
8,233
687,039
561,932
1,257,204		 2020
£
17,833
129,545
______
147,378
25,668
173,046
2020
£
10,361
707,465
159,248
877,074

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

Included within deferred income is £6,000 (2020: £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
New Commitment made in the year
Discount applied		 2021
£
650,000
650,000
(94,872)
1,205,128		 2020
£
1,300,000
-
(75,476)
1,224,524

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 on the outstanding grant commitment was 2% based on current inflation rate and current yields on high quality corporate bonds of 2.29%. The rate on the new commitment was based on inflation at 30 September 2021 which was 3.1%.

The grant commitment is payable in annual instalments of £650,000 per annum ending in 2023/24.

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 £16,297 (2020-£17,028).

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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
2020
£
Tiberias Scholarships
1,800
Barzilai Hospital Day Care Centre
55,546
Diversity Project – Fundraising
Initiative (Art Project)
4,173
Music Therapy Room – Rebecca Sieff
Vocational School
5,000
Afula Community Centre
-
Otzma Tze’irah Programme
180
Beit Hakarem Garden
6,332
Haifa Neve Sha'anan, Migdal
Haemek & Rehovot Centre- Wizo
Community Centres
-
Jerusalem, Rebecca Sieff Centre
4,707
Netanya Day Care Centre – Food
Vouchers*
-
Maoz Zion Day Care Centre
-
Elaine and Neville Young DCC
800
Nahalal Youth Village
1,000
Student Operated Kiosk – Rebecca
Sieff Vocational School
-
Digitisation Project
16,008
95,546		 Movement in funds
Income Expenditure
Transfers Balance at 30
September
2021
£
£
£
£
-
-
-
1,800
64,363
(119,909)
-
-
-
-
4,173
-
(300)
-
4,700
900
-
(900)
-
-
-
180
-
-
-
6,332
25,000
(25,000)
-
-
-
-
-
4,707
-
(1,000)
-
(1,000)
-
-
-
800
-
-
-
1,000
8,500
-
-
8,500
-
-
-
16,008
98,763
(146,209)
(900)
47,200		 Movement in funds
Income Expenditure
Transfers Balance at 30
September
2021
£
£
£
£
-
-
-
1,800
64,363
(119,909)
-
-
-
-
4,173
-
(300)
-
4,700
900
-
(900)
-
-
-
180
-
-
-
6,332
25,000
(25,000)
-
-
-
-
-
4,707
-
(1,000)
-
(1,000)
-
-
-
800
-
-
-
1,000
8,500
-
-
8,500
-
-
-
16,008
98,763
(146,209)
(900)
47,200
47,200

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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		 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
95,546

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

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
Balance at 1
October
2020
Expenditure
£
£
Renovation reserve
614,692
(450,397)
Travel fund for membership dues
9,961
-
Promotional reserve
68,900
-
693,553
(450,397)		 funds
Transfer
Balance at 30
September 2021
£
£
850,900
1,015,195
-
9,961
-
68,900
850,900
1,094,056		 funds
Transfer
Balance at 30
September 2021
£
£
850,900
1,015,195
-
9,961
-
68,900
850,900
1,094,056
1,094,056

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 2021

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
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
Analysis of net assets between funds
General Designated Restricted Total
funds funds funds
£ £ £ £
Fund balances at 30 September 2021 are
represented by:
Intangible and Tangible fixed assets 7,401 - - 7,401
Investments 6,669,954 1,094,056 47,200 7,811,210
Current assets/(liabilities) 91,587 - - 91,587
Long term liabilities (1,205,128) - - (1,205,128)
5,563,814 1,094,056 47,200 6705,070
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

23 Analysis of net assets between funds

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

24 Operating lease commitments

At the 30 September 2021, 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
25
Related party transactions		 2021
£
33,998
-
33,998
7,920
15,840
23,760		 2020
£
152,225
38,056
190,281
8,560
13,220
21,780
During the year there were no related party transactions (2020: nil).
26
Cash generated from operations
Net income for the year
Adjustments for:
Investment income recognised in profit or loss
(Gain)/loss on disposal of investments
Fair value gains and losses on investments
Depreciation of intangible and tangible fixed assets
Movements in working capital:
Increase in debtors
Increase/(decrease) in creditors
Cash absorbed by operations		 2021
2020
£
£
669,179
323,450
(134,789)
(142,505)
(68,276)
65,646
(880,622)
(615,657)
10,043
11,335
(172,124)
(37,461)
360,734
(1,475,301)
(215,855)
(1,870,493)

27 Analysis of changes of net debt

The charity had no net debt during the year.