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← Wizo.uk

2023-09-30-accounts

Charity Registration No. 1125012

Company Registration No. 06634748 (England and Wales)

WIZO.UK

ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

WIZO.UK

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees Annabel Stelzer Chair
Stephen Brower
Natasha Hausdorff
Claude Littner
Natasha Kaye
Debra Morris
Ronit Ribak-Madari
Danielle Shane
Kathryn Schnelling
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
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WIZO.UK

CONTENTS

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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
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WIZO.UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 2023. 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 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 (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 38 national Federations affiliated to World WIZO whose offices are based in Israel. 95 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 2023. 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:

Day care centres, keeping thousands of children safe and secure.

Youth villages and schools, educating socially disadvantaged and vulnerable teenagers.

Our vision is for an Israeli society that cares for all citizens regardless of gender, race, ethnicity and religion, which focuses on the education and welfare of women, children and youth. Our mission is to help support and strengthen vulnerable families in Israel.

The objectives of the Charity are to:

Benefit the people of Israel by supporting the charitable work of WIZO in the State of Israel through the support of young people, women affected by violence, families in need, immigrants, and the elderly. Advance, for the benefit of the public, education (including vocational schools) amongst all sections of the population in Israel.

Relieve poverty amongst all sections of the population in Israel.

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FOR THE YEAR ENDED 30 SEPTEMBER 2023

WIZO.UK

TRUSTEES' REPORT

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WIZO.UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

The sections below show how our projects operate during the year.

Projects supported

During the year 2022/23, WIZO.uk sent £1.472M (2021/22 £1.174M) 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 170 Day Care Centres for approximately 11,000 children from the age of 3 months up to 4 years.

than just childcare to over 11,000 babies and toddlers. Mothers feel confident knowing that the Centres are run by professional staff providing emotional and developmental support to each child creating a warm and secure environment. Some Centres offer care for children at-risk who otherwise would not receive the proper nutrition and cognitive stimulation which is so important at an early age.

Thousands of mothers, in particular from immigrant and low economic backgrounds are free to study and fulfil their potential by working and pursuing successful and rewarding careers. For many of these children, whose parents cannot afford to feed their families, the food provided at the centre is the only hot meal that they will enjoy.

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, 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).

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.

At WIZO Day Care Centres 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. WIZO Day Care Centres provide the essential care and attention which at-risk children need for their wellbeing and safety. For many of these children, their WIZO Day Care Centre is more like home than their own residential home.

WIZO Centres

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 appropriate to the changing lifestyle of senior citizens.

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WIZO.UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

WIZO Centres (continued)

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. At the Beit Adi Centre in Beer Sheva, girls at highrisk attend remedial and therapeutic programming and benefit from hands on vocational training enabling them to prosper and lead mainstream and productive lives. 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

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 i around the country and even outside Israel.

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

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. Students can study hairdressing, cookery and music technical tracks.

academic cases including children who have been excluded from mainstream schools. Staff members find themselves confronting extreme social conflicts and emergency situations on a daily basis. The school has introduced a new Emotional Therapy programme to meet the needs of students and staff. This includes additional social workers and therapists to deal with students at risk of suicide and violent tendencies, supporting post-hospitalised girls to ensure a gradual return to school life and workshops dealing with the impact of dangers such as alcohol and drugs

Youth Villages

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 11-16, some referred by social services, with over 150 of these classed as at-risk. Students come from countries within the former Soviet Union, Europe, Canada, USA and nd Aniere youth education programmes. Many students recently arrived unaccompanied from Ukraine escaping from the conflict and have been cared for and provided with a full education. The children live in a small unit to ensure that all their emotional needs are met and learn Hebrew whilst continuing their studies.

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WIZO.UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 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

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.

s

It has been well documented that since the Covid-19 lockdown, domestic violence in Israel and worldwide has increased. WIZO continues to respond to this need on many levels.

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 women and their children from all communities and cultural backgrounds 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. Preschool 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, WIZ programme 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 once they leave the safety of the shelter. This includes the provision of household items necessary for setting up a new home together with ongoing emotional support to ensure that the women do not reenter the cycle of violence.

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 in schools 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.

Many violent men lack the tools to deal with their anger in a nonunique helpline enables these men to take responsibility for the help they need, providing initial support and encouragement, and direction towards the next step. The anonymous nature of the hotline allows men to call without the fear of stigma. counselling for men who wish to reform but do not have the tools to deal with their anger. Calls to this hotline have increased greatly during and since the pandemic.

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WIZO.UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Assisting Girls at Risk

living in vulnerable situations operate at WIZO centres five days a week. Hot meals, counselling, social assistance and training in basic skills are provided resulting in increased self-confidence and self-esteem and preventing selfdestructive behaviour.

Parents Home

provided with safe, comfortable housing, nourishing meals, medical support and a sense of community and enriching activities.

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.

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 and the Youth Village in Nahalal are Arabs, where they learn harmoniously alongside Jewish students.

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. 2022/23 was £2.039M (2021/22 £1.392M). Income was higher when compared to last year because this year we were in receipt of some significant legacies, and we also conducted our Women Leading the Appeal which encompassed our first event immersive exhibition.

Legacies

WIZO.uk generous legacies, which totalled £895K in 2022/23, 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.

wills. Their

Individual supporters, patrons, trusts and foundations

In 2022/23, WIZO.uk received £429K 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

Group fundraising

Within our income of £429K from individual supports, patrons and trusts and foundations, through volunteering their time and organising a wide range of successful events, our loyal, dedicated and generous supporter groups across the UK raised £327K during 2022/23. 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 Jewis

Events, appeals and campaigns

A variety of successful fundraising events which raised a total of £302K took place during the year and forms a part of events, appeals and campaigns income in the accounts. Events included the Rosh Hashanah Appeal (£32K), Literary Lunch (£30K), Women Leading the Way Appeal (£65K), Women Leading the Way Exhibition (£154K) and Quiz@Home (£21K).

-to-

2022/23

raised £139K.

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WIZO.UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Looking ahead

Immediately following the end of this financial year, we were all shocked and saddened by the horrors of October 7th and the subsequent conflict. WIZO, as a first responder and the largest social welfare organisation in Israel, immediately put into action a programme of practical and emotional support for the displaced, traumatised and vulnerable of all ages. We have continued to implement specialist emotional and psychological therapy throughout our schools and centres to help heal those in our care, many of whom were already at-risk. Time is of the essence, and we cannot delay supporting a nation in trauma. To date we have raised just over £400K since October 2023 all of which has been sent to Israel during this great time of need.

In late March 2024 we hosted our Gala Dinner which incorporated the 3[rd] WIZO Commitment Awards which seeks to recognise those who have demonstrated outstanding commitment to changing lives and building futures. The awards, which are open to nominations of candidates of all faiths and communities, salute the impact and passion of individuals, organisations, businesses, and corporates, who use their experience, skills, or opportunities to make the world a better place. This will continue our Women Leading the Way Campaign. This is not to suggest that all nominees need to be women but many of the categories relate to the improvement of the lives of women. The Dinner was a great success raising further sums for Wizo.UK this year.

We have hosted a number of events so far in 2023/2024, namely the Literary Lunch, Gold Day and the Quiz@Home, both of which were successful and raised a good level of income.

Our legacy income remains buoyant, and in addition we are raising funds via the Living Legacy Campaign inviting participation Garden of Dreams at Beit Hakerem. This is promoted to members, supporters and donors encouraging them to leave a legacy connecting their support of WIZO with the next generations of their loved ones. This therapeutic garden provides alternative methods of educating students at risk together with a space for teaching sustainability and environmental matters. Produce grown in the garden will be used in the kitchens at Beit Hakerem.

will be migrating to its new CRM in the summer of 2024. The new CRM is a cloud-based solution which will increase its functionality and strengthen its security features.

Financial review

Income

WIZO.uk 2022/23 was £2.039M (2021/22 £1.392M) before fundraising costs and other expenses. Our income for the year increased by approximately £650K largely because of an increase in legacy income of just over £400K and the Women Leading The Way Campaign and Exhibition which raised £219K in total.

Charitable expenditure

During 2022/23, £1.472M (2021/22 £1.174M) was made available for projects, programmes, and capital renovations in Israel. This included £650K of previously committed grant funding, £401K from general funds, £264k from designated funds and £157K and from restricted funds. The previously committed grant funding has one more year to go with 2023/24 being the last year of funding of this nature. Further details of the previously committed grant funding amount of £650K can be found within note 19 of the financial statements.

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 £35,281 which is 1.7% of total income in 2022/23.

Investments

The charity holds most of its reserves as investments. At the year-end investments held amounted to £6.659M (2021/22 - £6,844M). During the year the charity made gains on its investment portfolio of £304K (2021/22 loss £459K). The gain made in the year consists of £5K of realised gains and £299K of unrealised gains (2021/22 £13K loss realised, £446K loss unrealised).

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WIZO.UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Financial Review (continued)

The charity also received investment income from its investment portfolio and amounts held on fixed term deposits. During the year investment income amounted to £157K (2021/22 £120K). Overall, 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 £6.375M (2021/22 - £6.144

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. 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 financial statements 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:

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

, including our Trustees, Lay Advisors and supporter groups, donated many hours of their time during 2022/23. Fundraising activities were carried out by 95 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, the current situation in Israel may deter people donating to Wizo.UK, 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

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TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Risk Management (continued)

from younger generations. Data Protection is also a significant business risk and therefore the charity complies with its GDPR regulations internally but where appropriate seeks 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 July 2008 (as amended by Special Resolutions by the Members of the Charity on 1 July 2008 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, to learn about the charity. They are also offered the chance to attend trustee training courses, if required. The removal of Trustees can only be made if a motion is raised at the Board explaining the reason for the motion, and why it is in the best interests of the charity to pass this motion, which can only be done by a majority vote of the Board.

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 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 chari audit, risk and internal control arrangements. No funds are held as custodian for another organisation.

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 2022/23 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. Our Database Manager is the GDPR Compliance Lead internally 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; We do not employ third

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TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Commitment to Fundraising Guidance (continued)

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, 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 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 2022/23 we received no complaints.

Going Concern

The trustees consider that there is a reasonable expectation that WIZO.UK has adequate resources to continue in operational existence for the foreseeable future. The trustees believe that there are no material uncertainties that call

Consequently, the financial statements have been prepared on the basis that the Charity remains a going concern.

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
Annabel Stelzer Chair
Ronit Ribak-Madari President
Appointed Trustees
Stephen Brower
Robert Gershon (resigned 13 November 2022)
Natasha Hausdorff
Natasha Kaye (appointed 14 May 2024)
Rupert Levy (resigned 13 January 2024)
Claude Littner
Debra Morris (appointed 19 March 2024)
Mandy Namdar (resigned 29 May 2024)
Danielle Shane
Kathryn Schnelling (appointed 24 January 2023)
Jill Shaw (resigned 5 July 2023)
John Ware (resigned 4 March 2023)

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. Each has further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

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WIZO.UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Auditor

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

On behalf of the Board of Trustees

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Annabel Stelzer Chairperson of Trustees

Dated: 27 June 2024

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 2023

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.

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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 2023 which comprise the Statement of Financial Activities including Income & Expenditure Account, 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:

give a true and fair view of the state of the charitable company's affairs as at 30 September 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006.

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 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 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 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:

of company law, for the financial year for which the accounts are prepared is consistent with the accounts; and requirements.

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 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 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 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:

We enquired of management the systems and controls the charity has in place, the areas of the accounts that are most susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud. The charity did not inform us of any known, suspected or alleged fraud. We obtained an understanding of the legal and regulatory frameworks applicable to the charity. We determined that the following were most relevant: the Charity SORP, FRS 102, Charities Act 2011, Companies Act 2006.

We considered the incentives and opportunities that exist in the charity, including the extent of management bias, which present a potential for irregularities and fraud to be perpetuated, and tailored our risk assessment accordingly.

Using our knowledge of the charity, together with the discussions held with the charity at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this risk assessment.

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: Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual. Reviewing the accounts disclosures and determining whether accounting policies have been appropriately applied. Testing key income lines for evidence of management bias. Assessing the validity of the classification of income, expenditure, assets and liabilities between unrestricted, designated and restricted funds. Reviewing documentation such as the charity board minutes for discussions of irregularities including fraud. Verifying ing that the investments movements within the year included in the financial statements have been appropriately calculated. Verifying bank balances to third party confirmations.

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

Use of our report

of the Companies Act 2006. Our audit work 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 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

15

WIZO.UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Income from:
Donations and legacies
Events, appeals and campaigns
Investments		 Notes
3
4
5		 Unrestricted DesignatedRestricted
Total
Total
funds
funds
funds
2023
2022
general
£
£
£
£
£
1,176,158
-
148,082
1,324,240
833,494
542,459
-
15,572
558,031
438,389
157,181
-
-
157,181
119,970
Total income 1,875,798
-
163,654
2,039,452
1,391,853
Expenditure on:
Raising funds		 6 546,655
-
-
546,655
307,625
Charitable activities:
WIZO.uk projects in Israel (*)		 7 1,144,251
264,334
157,424
1,566,009
1,186,048
Total expenditure 1,690,906
264,334
157,424
2,112,664
1,493,673
Net gains/(losses) on investments
11		 303,924
-
-
303,924
(458,884)
Net income/(expenditure)
Transfers between funds		 12 488,816
(264,334)
6,230
230,712
(560,704)
(75,000)
75,000
-
-
-
Net movement in funds
Fund balances at 1 October 2022		 413,816
(189,334)
6,230
230,712
(560,704)
5,019,660
1,082,857
41,849
6,144,366
6,705,070
Fund balances at 30
September 2023		 5,433,476
893,523
48,079
6,375,078
6,144,366

(*)The figure of £1,526,009 includes net commitments to our projects in Israel of £821,758 (see note 7).

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

All income and expenditure derive from continuing activities.

16

WIZO.UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Comparative Income and Expenditure Account
Unrestricted Designated
Restricted
funds
funds
funds
general
Notes
£
£
£
Income from:
Donations and legacies
3
729,466
-
104,028
Events, appeals and campaigns
4
434,489
-
3,900
Investments
5
119,970
-
-
Total income
1,283,925
-
107,928
Expenditure on:
Raising funds
6
307,575
-
50
Charitable activities:
WIZO.uk projects in Israel ()
7
1,060,579
11,199
114,270
Total expenditure
1,368,154
11,199
114,320
Net loss on investments
11
(458,884)
-
-
Net expenditure
(543,113)
(11,199)
(6,392)
Transfers between funds
12
(1,041)
-
1,041
Net movement in funds
(544,154)
(11,199)
(5,351)
Fund balances at 1 October 2021
5,563,814
1,094,056
47,200
Fund balances at 30 September
2022*
5,019,660
1,082,857
41,849		 Total
2022
£
833,494
438,389
119,970
1,391,853
307,625
1,186,048
1,493,673
(458,884)
(560,704)
-
(560,704)
6,705,070
6,144,366

(*)The figure of £1,186,048 includes net commitments to our projects in Israel of £523,770 (see note 7).

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

All income and expenditure derive from continuing activities.

17

WIZO.UK

BALANCE SHEET

AS AT 30 SEPTEMBER 2023

2023
Notes
£
£
Fixed assets
Intangible assets
13
12,000
Tangible assets
14
5,552
Investments
15
6,659,359
6,676,911
Current assets
Debtors
17
431,385
Cash at bank and in hand
821,356
1,252,741
Creditors: amounts falling due within
one year
18
(1,514,574)
Net current liabilities
(261,833)
Total assets less current liabilities
6,415,078
Creditors: amounts falling due after
more than one year
19
-
Provision for liabilities
20
(40,000)
Net assets
6,375,078
Income funds
Restricted funds
22
48,079
Unrestricted funds
Designated funds
23
893,523
General funds
5,433,476
6,326,999
6,375,078
The accounts were approved by the Trustees on 27 June 2024		 2022
£
£
12,000
11,751
6,843,884
6,867,635
373,299
655,432
1,028,731
(1,153,245)
(124,514)
6,743,121
(598,755)
-
6,144,366
41,849
1,082,857
5,019,660
6,102,517
6,144,366

==> picture [108 x 42] intentionally omitted <==

Annabel Stelzer

Company Registration No. 06634748

18

WIZO.UK

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Notes
Cash flows from operating activities
Net cash used in operating activities
27
Cash flows from investing activities
Dividends and interest from investments
Purchase of intangible fixed assets
Purchase of plant and equipment
Withdrawn from investment portfolio
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		 2023
£
23,401
(6,000)
(1,405)
560,069		 £
(410,141)
576,065
165,924
655,432
821,356		 2022
£
1,413
(12,000)
(12,600)
566,353		 £
(912,416)
543,166
(369,250)
1,024,682
655,432

19

WIZO.UK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 Articles of Association, Companies Act 2006 and applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic (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 2023 and as at the date of signing these accounts, the ability to liquidate its funds held on investment at any time. 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.

20

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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.

21

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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

.

The charity only has assets and liabilities of a kind that qualify as basic financial instruments. These 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

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

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 estimates or judgements.

22

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

3 Donations and legacies

Donations and gifts
Legacies receivable		 Unrestricted
Restricted
Total
funds
funds
General
£
£
£
281,075
148,082
429,157
895,083
-
895,083
For the year ended 30 September 2023 1,176,158
148,082
1,324,240
Donations and gifts
Legacies receivable		 Unrestricted
Restricted
Total
funds
funds
General
£
£
£
244,680
104,028
348,708
484,786
-
484,786
For the year ended 30 September 2022 729,466
104,028
833,494

Contributions from supporting groups

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

Donations, Gifts and Legacies
Events, Appeals and Campaigns
Less:
Fundraising Costs
Support Costs
Net income attributable to societies		 Total
2023
£
114,384
213,041
327,425
(22,004)
(175)
(22,179)
305,246		 Total
2022
£
281,670
197,034
478,704
(19,932)
(2,706)
(22,638)
456,066

23

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

4 Events, appeals and campaigns

Unrestricted
Restricted
funds
funds
General
£
£
Events, appeals and campaigns
542,459
15,572
Fundraising costs
(438,093)
-
Net events, appeals and campaigns year ended 30 September 2023
104,366
15,572
Unrestricted
Restricted
funds
funds
General
£
£
Events, appeals and campaigns
434,489
3,900
Fundraising costs
(205,612)
(50)
Net events, appeals and campaigns year ended 30 September 2022
228,877
3,850
Investments
2023
£
Income from listed investments
133,780
Interest receivable
23,401
157,181		 Total
£
558,031
(438,093)
119,938
Total
£
438,389
(205,662)
232,727
2022
£
118,557
1,413		 Total
£
558,031
(438,093)
119,938
Total
£
438,389
(205,662)
232,727
2022
£
118,557
1,413
232,727
2022
£
118,557
1,413
119,970

5 Investments

All investment income is attributable to unrestricted funds.

24

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

6 Raising funds

Unrestricted Designated
Restricted
funds
funds
funds
general
£
£
£
For the year ended 30
September 2023
Promotion and publicity
Seeking donations, grants and
legacies
7,879
-
-
Staff costs
43,742
-
-
Promotion and publicity
51,621
-
-
Fundraising costs
Fundraising activity costs
329,358
-
-
Staff costs
108,735
-
-
Fundraising costs
438,093
-
-
Investment management
56,941
-
-
546,655
-
-
Unrestricted Designated
Restricted
funds
funds
funds
general
£
£
£
For the year ended 30
September 2022
Promotion and publicity
Seeking donations, grants and
legacies
10,209
-
-
Staff costs
39,355
-
-
Promotion and publicity
49,564
-
-
Fundraising costs
Fundraising activity costs
80,359
-
50
Staff costs
125,253
-
-
Fundraising costs
205,612
-
50
Investment management
52,399
-
-
307,575
-
50		 Total
2023
£
7,879
43,742
51,621
329,358
108,735
438,093
56,941
546,655
Total
2022
£
10,209
39,355
49,564
80,409
125,253
205,662
52,399
307,625

25

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

7 Charitable activities: WIZO.uk projects in Israel

Remittances to Israel
Less already provided for (See Note 19)
Net Commitments to Israel
Finance cost
existing 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		 2023
£
1,471,758
(650,000)
821,758
31,701
853,459
677,269
35,281
1,566,009
1,144,251
264,334
157,424
1,566,009		 2022
£
1,173,770
(650,000)
523,770
43,627
567,397
584,101
34,550
1,186,048
1,060,579
11,199
114,270
1,186,048

8 Support costs

Staff costs
Depreciation
Premises costs
Consultancy
Other costs
Audit fees
Legal and professional
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
255,612
12,568
13,604
-
185,960
-
115,896
-
106,197
-
-
22,622
-
91
677,269
35,281
677,269
35,281		 2023 Basis of allocation
£
268,180 Time spent
13,604 Support cost
185,960 Support cost
115,896 Support cost
106,197 Support cost
22,622 Governance
91 Governance
712,550
712,550

26

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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
£
£
230,642
14,106
8,250
-
143,751
-
103,766
-
97,692
-
-
20,418
-
26
584,101
34,550		 Support
costs
Governance
costs
£
£
230,642
14,106
8,250
-
143,751
-
103,766
-
97,692
-
-
20,418
-
26
584,101
34,550		 2022 Basis of allocation
£
244,748 Time spent
8,250 Support cost
143,751 Support cost
103,766 Support cost
97,692 Support cost
20,418 Governance
26 Governance
618,651
618,651
584,101 34,550

Included within support costs are amounts payable under operating lease arrangements which amounted to £119,974 (2022 - £115,697)

9 Trustees

The trustees (or any persons connected with them) do not receive any remuneration or benefits from the charity. The charity is allowed to reimburse trustees for the travel costs associated with visits to Israel to monitor projects, as well as to WIZO group locations in the UK. Reimbursed expenses of £404 (2022: £Nil) were incurred relating to one trustee. In addition, the charity also purchased trustee indemnity insurance on behalf of the trustees. The cost of the insurance was £1,267 during the year (2022: £1,605).

The trustees may also donate to the charity. Donation income received from Trustees during the year amounted to £2,945 (2022: £1,902) of which £Nil (2022: £Nil) related to restricted fund donations.

10 Employees

Number of employees

The average monthly number of employees during the year was:

Promotion and publicity department
Fundraising department
General and project support, administration, and governance		 2023
2022
Number
Number
2
2
6
6
6
6
14
14

27

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

10 Employees (continued)
Employment costs
Wages and salaries
Social security costs
Other pension costs
Redundancy costs		 2023
2022
£
£
374,316
357,922
31,155
31,760
13,300
12,562
1,886
7,112
420,657
409,356
The number of employees whose annual remuneration was £60,000 or more
Between £70,001 and £80,000
Between £90,001 and £100,000		 2023
2022
Number
Number
1
-
-
1

The charity's key management personnel comprise the Board of Trustees, the Chief Executive and the Director of Finance.

The total benefit received by key management personnel in the year amounted to £149,035 (2022: £167,105).

11 Net gains/(losses) on investments

Revaluation of investments
Gain/(loss) on sale of investments		 2023
£
298,705
5,219
303,924		 2022
£
(446,070)
(12,814)
(458,884)

All (loss)/gains on investments are attributable to unrestricted funds.

12 Transfers

Included within transfers between funds are the replenishment of restricted fund balances of £nil (2022: - £1,041) and a £75,000 transfer from general funds to designated funds as agreed by the board of trustees for the partial funding of the 2024 Gala Dinner. The release of restricted funds in deficit to general funds arises 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.

28

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

13 Intangible fixed assets

Cost
At 1 October 2022
Additions
At 30 September 2023
Amortisation
At 1 October 2022
Charge for the year
At 30 September 2023
Net Book Value
At 30 September 2023
At 30 September 2022		 Total -
Website
£
63,168
6,000
69,168
51,168
6,000
57,168
12,000
12,000

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 2022
166,314
158,880
40,400
Additions
-
1,405
-
At 30 September 2023
166,314
160,285
40,400
Depreciation
At 1 October 2022
166,314
148,201
39,328
Charge for the year
-
7,068
536
At 30 September 2023
166,314
155,269
39,864
Net Book Value
At 30 September 2023
-
5,016
536
At 30 September 2022
-
10,679
1,072		 Total
£
365,594
1,405
366,999
353,843
7,604
361,447
5,552
11,751

All tangible fixed assets are used for charitable purposes.

29

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

15 Fixed asset investments

Cost or valuation
At 1 October 2022
Additions
Valuation changes
Net capital withdrawals
Disposals
Investment income received
Investment management fees paid
At 30 September 2023
Cost or valuation
At 1 October 2021
Additions
Valuation changes
Net capital withdrawals
Disposals
Investment income received
Investment management fees paid
At 30 September 2022		 Cash
£
372,397
(1,573,132)
-
(560,069)
1,879,398
133,780
(56,941)
195,433
Cash
£
99,879
(961,785)
-
(566,353)
1,734,498
118,557
(52,399)
372,397		 Managed
funds
£
6,471,487
1,573,132
298,705
-
(1,879,398)
-
-
6,463,926
Managed
funds
£
7,690,270
961,785
(446,070)
-
(1,734,498)
-
-
6,471,487		 Deposits
£
-
-
-
-
-
-
-
-
Deposits
£
-
-
-
-
-
-
-
-		 Total
£
6,843,884
-
298,705
(560,069)
-
133,780
(56,941)
6,659,359
Total
£
7,790,149
-
(446,070)
(566,353)
-
118,557
(52,399)
6,843,884

16 Subsidiary undertaking

The charity owned 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 was Charles House, 108-110 Finchley Road, London, NW3 5JJ. The company was dormant. On 11[th] January 2024 an application was made to strike off this company by way of a voluntary liquidation on 9[th] April 2024 the company was dissolved.

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 2023

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		 2023
£
6,077
399,640
_
405,717
25,668
431,385
2023
£
7,925
690,331
816,318
1,514,574		 2022
£
8,934
338,697
______
347,631
25,668
373,299
2022
£
8,617
712,364
432,264
1,153,245

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

Included within Accruals and deferred income is £15,342 (2022: £11,922) 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		 2023
£
-
-
-		 2022
£
650,000
(51,245)
598,755

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 3.1% based on inflation rate at 30[th] September 2021, the year of inception.

The grant commitment is payable in annual instalments of £650,000 per annum ending on 30[th] September 2024.

20 Provisions for liabilities

At the beginning of the year
Provision for the year
At the end of the year		 2023
£
-
40,000
40,000		 2022
£
-
-
-

The provision relates to remedial works to the property to bring it in line with the commencement of the lease.

31

FOR THE YEAR ENDED 30 SEPTEMBER 2023

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

21 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 £13,300 (2022-£12,562).

22 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
2022
£
Tiberias Scholarships
1,800
Kitchen Refurbishment
Beit
Sheva
-
Haddasim Youth Village
1,000
Greenhouse Construction
Beit Hakerem
-
Diversity Project
Fundraising
Initiative (Art Project)
4,123
Music Therapy Room
Rebecca Sieff Vocational
School
4,700
Computer Equipment &
Furniture - Adi Centre
-
Programme
360
Beit Hakarem Garden
6,332
Haifa Neve Sha'anan, Migdal
Haemek & Rehovot Centre-
Wizo Community Centres
-
Expanding Sound & Radio -
Vocational School, Beit
Hakerem
792
Furniture
DCC Yavne
227
Refurbishment
Adi Centre
-
Jerusalem, Rebecca Sieff
4,707
Emergency Appeal
-
Elaine and Neville Young
800
Nahalal Youth Village
1,000
Digitisation Project
16,008
41,849		 Movement in funds
Income
Expenditure
Transfers
Balance at 30
September
2023
£
£
£
£
-
-
-
1,800
33,416
(33,416)
-
-
(1,000)
-
-
23,000
(23,000)
-
-
-
-
4,123
-
-
-
4,700
7,072
(7,072)
-
-
-
-
360
-
(1,270)
-
5,062
25,000
(25,000)
-
-
-
-
792
-
-
227
66,666
(66,666)
-
-
-
-
-
4,707
8,500
-
-
8,500
-
-
800
-
-
-
1,000
-
-
-
16,008
163,654
(157,424)
-
48,079		 Movement in funds
Income
Expenditure
Transfers
Balance at 30
September
2023
£
£
£
£
-
-
-
1,800
33,416
(33,416)
-
-
(1,000)
-
-
23,000
(23,000)
-
-
-
-
4,123
-
-
-
4,700
7,072
(7,072)
-
-
-
-
360
-
(1,270)
-
5,062
25,000
(25,000)
-
-
-
-
792
-
-
227
66,666
(66,666)
-
-
-
-
-
4,707
8,500
-
-
8,500
-
-
800
-
-
-
1,000
-
-
-
16,008
163,654
(157,424)
-
48,079
48,079

32

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Restricted funds (continued)

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

Tiberias Scholarships
Study Program App
Vocational School Beit
Hakerem
Haddasim Youth Village
Fixtures and Fixtures
Barzilai
Day Care Centre
Diversity Project
Fundraising
Initiative (Art Project)
Music Therapy Room
Rebecca Sieff Vocational
School
Syudent Teqball for School -
Nahalal
Beit Hakarem Garden
Haifa Neve Sha'anan, Migdal
Haemek & Rehovot Centre-
Wizo Community Centres
Expanding Sound & Radio -
Vocational School, Beit
Hakerem
Furniture
DCC Yavne
Furnishings
DCC Ashdod
Rova Vav
Upgrade Student Area
Vocational School Beit
Hakerem
Jerusalem, Rebecca Sieff
Dora Day Care Centre
Netanya Day Care Centre
Food Vouchers*
Elaine and Neville Young
Nahalal Youth Village
Student Operated Kiosk
Rebecca Sieff Vocational
Digitisation Project		 Movement in funds
Balance at
1 October
2021
Income
Expenditure
Transfers
Balance at 30
September
2022
£
£
£
£
£
1,800
-
-
-
1,800
-
5,720
(5,720)
-
-
-
1,000
-
-
1,000
-
10,428
(10,428)
-
-
4,173
(50)
-
4,123
4,700
-
-
-
4,700
-
3,150
(3,500)
350
-
180
180
-
-
360
6,332
-
-
-
6,332
-
25,000
(25,000)
-
-
-
20,000
(19,208)
-
792
-
10,365
(10,138)
-
227
-
4,635
(4,635)
-
-
-
25,000
(25,441)
441
-
4,707
-
-
-
4,707
-
1,700
(1,700)
-
-
(1,000)
750
-
250
-
800
-
-
800
1,000
-
-
-
1,000
8,500
-
(8,500)
-
-
16,008
-
-
-
16,008
47,200
107,928
(114,320)
1,041
41,849

33

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

WIZO.UK

23 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
2022
Expenditure
£
£
Renovation reserve
1,003,996
(264,334)
Travel fund for membership dues
9,961
-
Gala Dinner reserve
-
-
Promotional reserve
68,900
-
1,082,857
(264,334)		 funds
Transfer
Balance at 30
September2023
£
£
-
739,662
-
9,961
75,000
75,000
-
68,900
75,000
893,523		 funds
Transfer
Balance at 30
September2023
£
£
-
739,662
-
9,961
75,000
75,000
-
68,900
75,000
893,523
893,523

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 The Gala Dinner Reserve relates to funds set aside to partially pay for our Gala Dinner that took place in March 2024.

Renovation reserve
Travel fund for membership dues
Promotional reserve		 Movement in funds
Balance at 1
October
2021
Income Expenditure
Balance at 30
September2022
£
£
£
£
1,015,195
(11,199)
-
1,003,996
9,961
-
-
9,961
68,900
-
-
68,900
1,094,056
(11,199)
-
1,082,857

34

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

==> picture [494 x 679] intentionally omitted <==

----- Start of picture text -----
24 Analysis of net assets between funds
General Designated Restricted Total
funds funds funds
£ £ £ £
Fund balances at 30 September 2023 are
represented by:
- -
Intangible and Tangible fixed assets 17,552 17,552
Investments 5,717,757 893,523 48,079 6,659,359
- -
Current assets/(liabilities) (301,833) (301,833)
- - - -
Long term liabilities
5,433,476 893,523 48,079 6,375,078
General Designated Restricted Total
funds funds funds
£ £ £ £
Fund balances at 30 September 2022 are
represented by:
- -
Intangible and Tangible fixed assets 23,751 23,751
Investments 5,719,178 1,082,857 41,849 6,843,884
- -
Current assets/(liabilities) (124,514) (124,514)
- -
Long term liabilities (598,755) (598,755)
5,019,660 1,082,857 41,849 6,144,366
----- End of picture text -----

35

WIZO.UK

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

25 Operating lease commitments

At the 30 September 2023, the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

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		 2023
£
74,400
16,510
90,910
7,920
-
7,920		 2022
£
77,400
239,107
316,507
7,920
7,920
15,840

26 Related party transactions

During the year, except as disclosed in note 9, there were no related party transactions (2022: nil).

27
Cash generated from operations
Net income/(expenditure) for the year
Adjustments for:
Investment income recognised in profit or loss
Fair value (gains) and losses on investments
Depreciation of intangible and tangible fixed assets
Investment management fees paid from portfolio
Movements in working capital:
Increase in debtors
Decrease in creditors
Increase in provisions for liabilities and charges
Cash absorbed by operations
28 Analysis of changes of net debt		 2023
£
230,712
(157,181)
(298,705)
13,604
56,941
(58,086)
(237,426)
40,000
(410,141)		 2022
£
(560,704)
(119,970)
446,070
8,250
52,399
(28,129)
(710,332)
-
(912,416)

The charity had no net debt during the year.

36