**FRIENDS OF LEO BAECK HAIFA** **(A Company Limited by Guarantee)** **ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021** **Charity Registration Number 1141971 Registered Company Number 07410989** **Margins Accounting Services Ltd** **111 Harbour Way Folkestone CT20 1NA** **FRIENDS OF LEO BAECK HAIFA (A company Limited by Guarantee)** ## **Contents** |Reference and administration details|2| |---|---| |Trustees|3| |Independent Examiners Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Accounts|10| 1 **FRIENDS OF LEO BAECK HAIFA (A company Limited by Guarantee)** ## **REFERENCE AND ADMINISTRATIVE DETAILS** |**Trustees**|Monica Jankel| |---|---| ||Deborah Bello| ||Rabbi Aaron Goldstein| ||Gary Lipman| ||Rosalyn Schofield| |**Company Secretary**|Rosalyn Schofield| |**Bankers**|HSBC| ||2 Love Lane| ||Pinner| ||Middlesex| ||HA5 3EG| |**Registered Office**|The Montagu Centre| ||21 Maple St| ||Fitzrovia| ||London| ||W1T 4BE| |**Independent Examiner**|Antoinnette Kudjoe-Flood| ||111 Harbour Way| ||Folkestone| ||CT20 1NA| 2 **FRIENDS OF LEO BAECK HAIFA (A company Limited by Guarantee)** ## **REPORT OF THE TRUSTEES** The Trustees present their report and accounts for the year ended 31 December 2021 ## **Principal activities** The charity at Leo Baeck Education Centre, Haifa. The mission of the Leo Baeck Education Centre in Haifa is to build a pluralistic society in the spirit of progressive Judaism, Zionism, democracy, and shared responsibility. Through excellent formal and informal education and a deep commitment to repairing the world, mutual support and equal opportunity, the organisations aims to empower individuals of all ages and walks of life, irrespective of background, to fulfil their potential and become agents of social change throughout Israel. ## **OBJECTIVES & ACTIVITIES** ## **Summary of the objects of the charity set out in its governing document** The advancement of education for the benefit of the public by raising awareness and funds for shared existence and educational projects at the Leo Baeck Education Centre, Haifa, Israel. ## **Summary of the main activities undertaken for the public benefit in relation to these objects** Trustees have had regard to the guidance issued by the Charity Commission on public benefit. The main areas of activity undertaken are: - rk done at - Leo Baeck Education Centre Haifa), - Cultivation events (to bring key individuals or communities into contact with the organisation), - Fundraising (to support the work of the Leo Baeck Education Centre Haifa). ## **STATEMENT OF PUBLIC BENEFIT** The committee has read and understood the Public Benefit guidance provided by the Charity Commission and is satisfied that the funds raised by us and ultimately expended by the Leo Baeck Education Centre (Haifa) fall well within the scope of this guidance as all funds raised by us are used for projects, or a specified project in many instances, for the benefit of children and youth at risk, promotion of Arab-Israeli shared existence in the Haifa area and for after school care and youth centres for the struggling Ethiopian, Arab and Israeli communities. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Structure** The charity is constituted as a Limited Company. During the year the charity was governed by the Trustees who met formally over the year and less formally as required. The objective of the Trustees' meetings was to examine different aspects of the charity's requirements, with special emphasis on building up the FLBH in the UK, finances, future activities and ensuring regular communication with those carrying out the charitable activities in Haifa. 3 **FRIENDS OF LEO BAECK HAIFA (A company Limited by Guarantee)** ## **REPORT OF THE TRUSTEES** ## **Governance and Management** Trustees are appointed by virtue of their knowledge and experience, particularly of the activities of the Leo Baeck Education Centre (Haifa), Israel, in order to make a contribution to the pursuit of the objectives or the management of the charity. The trustees are the primary volunteers in the charity. They in turn work with volunteers in Synagogues in the UK who are engaged in promoting the work of Leo Baeck Education centre in Haifa, Israel. Management is delegated to Chair, Rabbi Aaron Goldstein, Company Secretary, Rosalyn Schofield and Treasurer Gary Lipman who are responsible for liaison with funders and with the appropriate professionals at the Leo Baeck Education Centre in Haifa. As well as working closely with the team in Israel, theTrustees help to ensure that projects to raise awareness and funds for the Leo Baeck Education Centre are brought to fruition. The Treasurer is responsible for the transfer of funds raised from the UK at intervals agreed by the trustees, the Company Secretary is The Trustees who served during this accounting period are: Monika Jankel - Appointed 30 September 2012 Debbie Bello Appointed 1 January 2013 Rabbi Aaron Goldstein - (Current Chairman) Appointed 1 January 2013 Gary Lipman Appointed 16 June 2016 Rosalyn Schofield Appointed 17 February 2017 ## **COMPANY SECRETARY** Rosalyn Schofield Appointed 1 December 2018 ## **POLICY ON GRANT MAKING** Funds raised by the Friends of Leo Baeck, Haifa are destined for The Leo Baeck Education Centre Haifa either for general purposes or to support particular projects. ## **Contribution made by volunteers** Friends of Leo Baeck Haifa is managed through Trustees and others volunteering their time. 4 **FRIENDS OF LEO BAECK HAIFA** **(A company Limited by Guarantee)** ## **REPORT OF THE TRUSTEES** ## **ACHIEVEMENT AND PERFORMANCE** The ongoing after effect of Covid in general and to the charity sector in particular cannot be underestimated. Nevertheless, during 2021 the charity has continued to deepen its relationship with the Leo Baeck Education Centre Haifa. Various individuals have made generous donations to support projects in the UK and the general administration of the charity in the UK. 2021 also saw a continuing focus on partner engagement as well as fundraising. This included representatives - both professional staff, a rabbi, teacher and students. Of course, - making physical visits to the UK was not impossible, but still not easy. As such, interactions and engagements this year were, once again, virtual. We have enhanced the work of the charity and the ability to refer to the recipient without prior definition - increasing numbers of UK Jews are aware of the work of the Leo Baeck Education Centre Haifa. ## **RISK MANAGEMENT** Trustees are mindful of their responsibilities and review risk at least annually. The trustees have considered the broad areas of risk for the charity and have put in place certain measures to mitigate or negate these risks. This is kept under review and specialist advice is sought where necessary. The charity raises funds for specific projects and does not commit to provide resources greater than received from the fundraising activities. ## **FINANCIAL REVIEW** Income increased during the year to £82,239 compared to 70,169. Resources expended also decreased to £69,374 compared to £74,480 in 2020.Overall, income exceeded expenditure by £12,865. und with both net current assets and unrestricted funds amounting to £27,821 at the year-end suggesting a sufficient margin of solvency to allow the Charity to continue to ty to continue operations in the longer term depends on its ability to win bids for grant funding **.** ## **Going Concern** able to secure fresh sources of income. Whilst the Trustees acknowledge the inherent uncertainties that exist they have nevertheless decided that it is appropriate to produce the accounts on a going concern basis. 5 **FRIENDS OF LEO BAECK HAIFA (A company Limited by Guarantee)** ## **REPORT OF THE TRUSTEES** ## **Policy on Reserves** At this stage, the Trustees do not consider that the charity requires a policy on the holding of funds as reserves. The trustees have agreed to have a minimum of £6,500 in the account at any given time to cover accounting expenses and any unforeseen smaller expenses that may occur from time to time. The charity is a grant making organisation, with few overheads. ## **STATEMENT OF RESPONSIBILITIES OF TRUSTEES** The Trustees are responsible for preparing the Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law and the law applicable to charities in England and Wales requires the Charity Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charitable Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:- Select suitable accounting policies and apply them consistently; - Observe the methods and principles of the Charities SORP; - Make judgements and estimates that are reasonable and prudent; - Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Company will continue to operate. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements 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. This report has been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies. Approved by the Trustees on and signed on their behalf by: **Signatures Full Names Rabbi Aaron Goldstein Gary Lipman Position Trustee/Chairman Trustee Date** 6 **FRIENDS OF LEO BAECK HAIFA** **(A company Limited by Guarantee)** ## **Respective responsibilities of trustees and examiner** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021. law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 accounts as carried ou examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. ## **Basis of the independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those set out in the statements below. ## **Independent examiner's statement** ,000 and I am qualified to undertake the examination by being a qualified member of the Association of Accounting Technicians. I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: 6 an independent examination; or ). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Antoinnette Kudjoe-Flood, BA MAAT 111 Harbour Way Folkestone CT20 1NA 7 **FRIENDS OF LEO BAECK HAIFA (A company Limited by Guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021** |**Notes**
**Income and Endowments From:**
Donations and Legacies
2
Grants
**Total Income**
**Expenditure on:**
Charitable Activities
3
**Total Expenditure**
**Net income/expenditure**
**Total Funds brought forward**
**Total Funds Carried forwards**|**Unrestricted**
**funds**
**2021**
**£**
9,461
0
4087
**13,548**
4,374
**4,374**
9,174
56,811
**65,985**|**Restricted**
**funds**
**2021**
**£**
35,844
7,847
25000
**68,691**
65,000
**65,000**
3,691
-41853.18
**-38,163**|**Total**
**2021**
**£**
45,305
7,847
29,087
**82,239**
69,374
**69,374**
12,865
14,957
**27,821**|**Total**
**2020**
**£**
62,127
3,042
5000| |---|---|---|---|---| |||||**70,169**| |||||74,480| |||||**74,480**| |||||-4,311
19,268| |||||**14,957**| 8 **FRIENDS OF LEO BAECK HAIFA (A company Limited by Guarantee)** ## **BALANCE SHEET AS AT 31 DECEMBER 2021** |**Notes**
**Current assets**
Debtors (Gift Aid Receivable)
Cash at bank and in hand
**Creditors:**amounts falling due within
one year
4
**Net current assets/(liabilities)**
**Net Assets**
**Represented by:**
**Unrestricted funds**
**Restricted income funds**
5
**Total funds**|**2021**
**£**
7,839
21,344
29,183
1,362
27,821
**27,821**
27,821
-
**27,821**|**2020**
**£**
3,063
13,244| |---|---|---| |||16,307| |||1,350| |||14,957| |||**14,957**| |||14,957
-
**14,957**| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021. The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for: - a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006; and - b) preparing the financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015). **Signatures Full Names Position Date** **Rabbi Aaron Goldstein Gary Lipman Trustee/Chair Trustee** 9 **FRIENDS OF LEO BAECK HAIFA** ## **(A company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1 ACCOUNTING POLICIES** ## **a. Basis of preparation** The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Charities Act 2011. These accounts have been prepared on a going concern basis under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. ## **b. Income** All income is included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: - Voluntary income and grants receivable, including donations and gifts, are included in full in the Statement of Financial Activities when receivable. - Investment income is included when receivable. ## **c. Expenditure** Expenditure is accounted for on an accruals basis. The irrecoverable element of VAT is included with the item of expense to which it relates. - Costs of generating funds are those costs incurred in attracting voluntary income. - Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **d. Funds accounting** Unrestricted general funds are funds which can be used in accordance with the charitable objects at the discretion of the Trustees. Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restriction arises when specified by the donor or when funds are raised for particular restricted purposes. 10 **FRIENDS OF LEO BAECK HAIFA (A company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **2. GRANT, DONATIONS AND LEGACIES** |Donations
Gift aid
Humanitarian Trust Grant
Sobell Foundation Grant
Wingate Foundation Grant
**Total Donations & Grants**
**3. EXPENDITURE ON CHARITABLE ACTIVITIES**
Grant Funding Leo Baeck Haifa
Independent Examination and Accountancy
Other Administrative Expenses
Bank Charges
Other Legal and Professional
**Total Expenditure**|**Unrestricted**
**2021**
**£**
9,461
0
10000
0
4087
**23,548**
**Unrestricted**
**2021**
**£**
0
1205
192
77
2,900.00
**4,374**|**Restricted**
**2021**
**£**
35,844
7,847
0
15,000
0
**58,691**
**Restricted**
**2021**
**£**
65,000
0
0
0
0
**65,000**|**Restricted**
**2021**
**£**
35,844
7,847
0
15,000
0
**58,691**
**Restricted**
**2021**
**£**
65,000
0
0
0
0
**65,000**|**Total**
**2021**
**£**
45,305
7,847
10,000
15,000
4,087
**82,239**
**Total**
**2021**
**£**
65,000
1,205
192
77
2,900
**69,374**|**Total**
**2021**
**£**
45,305
7,847
10,000
15,000
4,087
**82,239**
**Total**
**2021**
**£**
65,000
1,205
192
77
2,900
**69,374**|**Total**
**2020**
£
62,127
3,042
5,000
0
0| |---|---|---|---|---|---|---| |||||||**70,169**| |||||||**Total**
**2020**
**£**
71,000
1,100
180
60
2,140| |||||||**74,480**| |||||||| |**4 CREDITORS**||**2021**||||**2020**| |||**£**||||**£**| |||1,362||||1,350| 11 **FRIENDS OF LEO BAECK HAIFA** ## **(A company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **5 RESTRICTED FUNDS** |Donations
Sobell
Humanitarian Trust|**Income**
**£**
43,691
15,000
10,000
**68,691**|**Expenditure**
**£**
-40,000
-15,000
-10,000
**-65,000**|**Balance**
**Carried**
**Forward**
**£**
3,691
0
0
**0**| |---|---|---|---| ## **6 TRUSTEE REMUNERATION** None of the Trustees received remuneration or reimbursed expenses during the year ## **7 GOING CONCERN** foreseeable future, and depends on its ability to secure grants and donations. The financial statements have been prepared on a going concern basis and the trustees believe no material uncertainties exist. The trustees have therefore concluded that it remains appropriate to prepare the accounts on a going concern basis. The Trustees recognise however that these matters are inherently uncertain and should existing funding streams be disrupted or, additional funding not become available, the trustees may have no alternative but to cease operations ## **8 COMPANY LIMITED BY GUARANTEE** Friends of Leo Baeck Haifa is a company limited by guarantee in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to 1 per member of the charity. At 31 December 2021 the membership was 6. 12