FRIENDS OF LEO BAECK HAIFA (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Charity Registration Number 1141971 Reglstered Company Number 07410989 Mar8lns Accounting Services Ltd 111 Harl)our Way Folkestone cr20 INA FRIENDS OF LEO BAECK HAIFA IA company Limited by Guarantee) Contents Reference and administration details Trustees, Report Independent Examiners Report Statemerbt of Financial Activitie5 Balance Sheet Notes to the Accounts io FRIENDS OF LEO BAECK HAIFA IA company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS Trustees Monica Jankel (Resigned 19101120241 Deborah Bello Rabbi Aaron Goldstein Gary Lipman Rosalyn Schofield Company Secretary Rosalyn Schofield Bankers HSBC 2 Love Lane Pinner Middlesex HA5 3EG Reglstered Office The Monta8u Centre 21 Maple St Fitzrovia London WIT4BE Independent Examiner Antoinnette Kudjoe-Flood 111 Harbour Way Folkestone CT20 INA FRIENDS OF LEO BAECK HAIFA IA company Limited by Guarantee) REPORT OF THE TRUSTEES The Trustees present their report and accounts for the year ended 31 December 2023 Prlnclpal actlvltles The charity's principal activity during the year was raising funds to support shared existence and educational projects at Leo Baeck Education Centre, Haifa. The mission of the Leo Baeck Education Centre in Haifa is to build 8 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. OBJEcfivES & AcfiviTIES Summary of the objects of the charity set out in its goveming 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. Surnmary of the rnain artivities 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: Public affairs (to raise general awareness of the organisation's aims. and to communicate the work done at Leo Baeck Education Centre Haifa), Cultivation events (to bring key individuals or communities into ¢ontart with the organisationl, 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 Edutation Centre (Haifa) fall well within the scope of this guidance as all funds raised by us are used for project5. or a specified project in many instances, for the benefit of children and youth at risk, promotion of Arab-lsraeli shared existence in the Haifa area and for after school care and youth centre5 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 asperts 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 OLrt the charitable activities in Haifa particularly since the events of October 2023 referred to below. FRIENDS OF LEO BAECK HAIFA IA 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 (Haifal, Israel, ir) 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 and support 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. the Trustees, with the support of Kathryn Forro, Head of UK Development, help to ensure that projects to raise awarer)ess 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 responsible for the management of the charity's bank accounts and good governance processes. The Trustees who seNed during this accounting period are: Monika Jankel - Appointed 30 September 2012 Debbie 8ello- Appointed l January 2013 Rabbi Aaron Goldstein - (Current Chairmanl- Appointed l January 2013 Gary Lipman- Appointed 16 June 2016 R05alyn Schofield - Appointed 17 February 2017 COMPANY SECRETARY Rosalyn Schofield - Appointed l 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 purp05es or to SUPPOrt particular projects. Contrlbutlon made by Volunteers Friends of Leo Baeck Haifa is managed through Trustees and others volunteerin8 their time. FRIENDS OF LEO BAECK HAIFA IA company Limited by Guarantee) REPORT OF THE TRUSTEES ACHIEVEMENT AND PERFORMANCE The ongoing after-effects of the attack on Israel on the 7th October 2023 and the subsequent internal displacement of cit12erbS in Israel highlighted the need to raise funds for the Leo Baeck Education Centre and their work that supports civic society- During 2023 the charity has continued to deepen its relationship with the Leo Baeck Education Centre Haifa. Since 7th October. as well as regular communications from the UK, our Chair has visited the Leo Baeck Education Centre twice to see the V￿rk that we are supporting. DurinE 2023 the charity has continued to deepen its relationship with the Leo Baeck Education Centre Haifa. Various individua15 have made generous donations to support projects and the general administration of the charity in the UK. 2023 also saw a continuing focus on partner engagement as well as fundraising. This included representatives - both professional staff. a rabbi. teacher and students. 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 tru5tee5 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 rai5e5 fund5 for specific projects and does not commit to provide resources greater than received from the fundraising activities. It is always mindful of the financial viability of the school itself checking this at least annually. FINANCIAL REVIEW Income increased during the year from £33,319 to £97,781. Resources expended also increased to £87,364 compared to £4S,7S8 in 2022.Overall, income exceeded expenditure by £10,417. The Charity's financial position remains reasonably sound with both net current assets and unrestricted funds amounting to £25.799 at the year-end suggesting a sufficient margin of solvency to allow the Charity to continue to operate in the near future. The Trustees however are aware that the Charity's ability to continue operation5 in the longer term depends on its ability to win bids for grant fundin8. Going Concern Note 7 to the accounts explains that the compan￿$ ability to continue as a going concern 15 dependent on it being 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 80in8 concern basis. Pollcy 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 £6,5(X) 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. G Lipman 07/02/2024 15:04:21 A Goldstein 07/02/2024 09:15:02 FRIENDS OF LEO BAECK HAIFA IA company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the financial statements of Friends of Leo Baeck Haifa forthe year ended 31 December 2023 which comprise the statement of financial activities, the balance sheet and the related notes. These financial statements have been prepared under the historical convention and the accounting policies set out therein. Respectlve responslbllltles of trustees and examlner As the charity's trustees you are responsible for the preparation of the accounts,. you consider that the audit requirement of section 144121 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to.. examine the accounts under section 14S of the Act follow the procedures specified in the General Direction5 given by the Charity Commission under section 14515llbl of the Act- and State whether particular matter5 have come lo my attention. Basis of Independent Examinerfs Report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 tru5tee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and con5equenily no opinion is given as to whether the accounts present a "true and fair view" and the report Is limited to those matters set out in the statement below. Independent Examlnerfs Statement In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with 5 386 of the Companie5 Act 2006; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of S396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities. have not been met: or 21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date .' 5 February 2024 Antoinnette Kudjoe-Flood BA MAAT 111 Harbour Way Folkestone CT20 INA FRIENDS OF LEO BAECK HAIFA IA company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Restricted funds 2023 Total Totsl 2023 2022 Notes Income and Endowments From: Donations and Legacies Gift Aid Grants 14,277 213.52 45,316 8.391 29583 59,594 8,605 29,583 29,569 1,250 2500 Total Income 14.491 83.290 97.781 33.319 Expenditure on: Charitable Activities Total Expenditure 7.364 7,364 80,000 80,(100 87.364 87,364 45.758 45,758 Net income/expenditure 7,127 3,290 10,417 -12,439 Total Funds brought forward 83,361 -67979 15,382 27,821 Total Funds Carried fonvards 90,488 -64,689 25,799 15,382 A Goldstein G Lipman 07/02/2024 09:15:02 07/02/2024 15:04:21 FRIENDS OF LEO BAECK HAIFA IA company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 I ACCOUNTING POUCIES 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 IFRS 1021 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 notelsl 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 gift5. are included in full in the Statement of Financial Activities when receivable. Investment income is included when receivable. c. ExpendSture Éxpenditure 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 it5 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 accountln8 Unrestricted general funds are funds which can be used in accordance with the charitable objects at the discretion of the Trustees. Restricted funds are fund5 that can only be used for particular restricted purpose5 Wlthin the object5 of the charity. Restriction arises when specified by the donor or when funds are raised for particular restricted purposes. io FRIENDS OF LEO BAECK HAIFA IA company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2. GRANT, DONATIONS AND LEGACIES Unrestricted 2023 Restricted 2023 Total 2023 Total 2022 Donations Giftaid Humanitarian Trust Grant Sobell Foundation Grant Total Donations & Grants 14.277 214 4S,316 8,391 14,583 15,000 83.290 S9,594 8,605 14,583 15,OCAJ 97.781 29,S69 1,250 1,250 1,250 33,319 14.491 3. EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted 2023 Restricted 2023 Total 2023 Total 2022 Grant Funding Leo Baeck Haifa Independent Examination and Accountancy Other Administrative Éxpenses Bank Charges Other Legal and Professional Total Expendlture 80,000 80.0(JJ 39,299 1.2 1,200 1,088 619 138 5.407 7.364 619 138 S,407 87,364 215 132 5,024 45,758 80.000 4 CREDITORS 2023 2022 Deferred Income Accruals 22,917 1,504 24421 27500 1,316 28816 li FRIENDS OF LEO BAECK HAIFA IA company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 5 RESTRI￿ED FUNDS Income Expendlture Balance Carried Forward Humanitarian Trust Sobell 14.583 15,OCKJ 29,583 -14.583 -15,OCKJ -29,583 6 TRUSTEE REMUNERATION None of the Trustees received remuneration or reimbursed expenses during the year 7 GOING CONCERN In common with a number of charities of similar size. FOLBH'S ability to continue is a going concern for the foreseeable future, and depends on its ability to Secu￿ grants and donations. The financial statements have been prepared on a going concern b0515 and the tru5tee5 believe no material uncertainties exist. The trustees have therefore concluded that it remains appropriate to prepare the accounts on a Boing concern basis. The Trustees recognise however that these matters are inherently uncertain and should existing funding streams be dlsrupted 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 I per member of the charity. At 31 December 2023 the membership was 6. 12