Docusi9n Envelope ID: EB6B48EO-561&4A14-9727-A4D36E4D53C5 REGISTERED COMPANY NUMBER: 07967938 {EllglAftd Wwle$) REGISTERLD CIIARITY NUMBER: 11469511 Numera Partners LLP Stattjtory Auditors 4th Floor Charles House 108-110 Finchley Road Londo NW3 5JJ
D0CLw3n Envellwe ID.. E86B48EO-561&4A14-9727-AAD36E4053C5 NTENTS OF THE STATEMENT Pftxe Report of¢he Trn$t¢es l kn 5 Report of the Indepcndent Auditors 6 to 8 Statemtrt¢ Df Flna•cial Aetivltlei Stst¢ment ofFin4nelal Po$i¢lon 10 Statemen¢ of Casb Flow% Notes to ¢he SttewTrt of C•sb Fluws 12 Notej tn th¢ FlnaD¢i41 Stlem¢Trts 13 to 20 Det#iled Ststcment of Fln*nclAI Aetlviil 21 to 22
Docuslgn Envelope ID.. EB6B48E(k56134A14-9727-AAD36E4D53C5 BEIT HALOCHEM UK REPORT OF THE TRI,'STEES OR THF. YEAR E ' ED 29 FEBRUARY 2024 The trustees who ore also directors of the chBrity for th¢ puT)seS of th¢ Companies A¢t 2(X)& present their report with the financial Siatements of thc charity for the y¢8T ended 29 F¢bruary 2024. Th¢ trustees have adnpted the provisions of AccountiT]¥ PTtd Reporting by Chariti¢s: Statement of ReMMended Practice applicabl¢ to charities preparing their accounts in aCCordaT¢ with the Financial RertIng Stsndard applicable in the UK and Republlc oriland (FRS 102) {cffective l January 20J9}. OBJEcfivF.S AND ACTivrriES Objectives Belt H8lo¢hem UK is dedi¢al¢d to raising funds for the four ¢XiSting Belt Halo¢'hem Rehabilitation Centres in Israel. These centrey provid¢ essential lifelong fdcilities and sp)rt to disabl¢d veterans and vi¥lims of t¢rror. Beyond fvndraising, the UK charily also aims lo educate and enga¥¢ thc UK MmunIty atrmiui the vital work these ¢¢ntres PCTfom] in Israel, ensuring a steady and susthined stream of fvnding for ihc futu. The chariws operations can be influenced by a myriad offactors, intcrnal and external, many of which lie beyond Ihe Lontrol of the CEO and Trusl¢¢s. Recently) one notable factor that had a signifi¢onl impact on the charity was the hiring of 8n additional sthtT meMr lo collaFK)raie with the cr.o - Sp¢ncer Gelding and OpeTation8 Manager - Dina Kcstenbaum. This straie8ic move enabled the ¢harity to expand its eftnrts, in¢r¢asing the number of face-to-face meetings and donor event& As a resulL there w&s a substttntial boost in the rnise4 deMonratIng the positive effect of tKIler11)g the team wilh additionAI member. Infomtion regarding the Organisation in Israel Estsblished in 1949, following the War ol. Independcn¢e. the Organisolion. knoHryJ in Israel as ZDVO, is the only regiltered charity in Israel le8ally Yesponsible fol the wellbeing of disabled veterans The Stat¢ ofisrael, with its many ¢hHlleng¢s and limited r¢source4 cAnnot cope alone with providln8 for all the needs of the wounded veteran$ and. as their number5 grow. Ihe funding needs of th¢ four Deit Hylo¢hcm centre8 also in¢re{. Fundin8 from 8UPtKTrrl¢rs #round th¢ world enables B¢it Halochem to cnnlinue on-goin8 progTamme4 d¢vclop new initiativ¢s #nd purchas¢ much needed equipment ftir the cenlres. rolluwin8 the tragic events of O¢tobcr 7th, Ileit Il&lo¢hem found ils¢lf faced wilh incrcased demand for ils ¥Bfviccs. Thc incident had profound impAct on our community, Parti1&r[Y among our membership which includes IDF velerany and virAims of tern)r. Prior lo October 7th, our membership stood at appmximutely 51,000 individual& Howcver, in the aftemath ofthc events. we have seen A Si8nifi¢ant rise, wilh membership now nearing 60,000, and increasin8 daily. The Belt Flalochem rncmlxts are given & new Icase of life at our four habIlltIOn eentres based in Je81c Tel Aviv, Haif& and Beer Sheva. They rcmain members of the OTganisAtion for ihe 5t of their lives. The Belt Haloch¢m Centre8 provid¢ a blend of exceplionxl rchabilitative services including physiothernpy? hydroiherapy and chiropraLtic trcathients conducted Mlongsidc social and specialised $p)rt options. educkiiondl programme& and a vast range of creative &¢tivities. Each centre aflers a wid¢ Choice of phy5i¢¥l #nd so¢ial activiiie% housin8 an audiiorium, rnuliipurF¥)S¢ gymnlUM, clasyrooms, fithess rots8, oc¢upalional And physicol thermpy unli4 trauma therapy units, o cafthrl4 offices, social win8. This surg¢ in m¢mbership UnderSre8 the critical ne¢d for the $etvi¢es and $uppKrt Belt H&lo¢hem provides.Currenily• there are four Ccnlres locat¢d in Tel Aviv. J¢rUSale I lail4 4T]d Bccr Sh¢va. Additionlllly, ¢on8truction of a fifth CentTe in Ashdod began in Scpt¢mb¢r 2018. OnL ¢ompleted in DecembeT 2025. tt will serve over 6,500 veterans and Ih¢ir families. This Centre has reeKnily ten d¢signated by ihe ministry of Defence a$ Ihe National Centre for PTSD in Israel. For many disabled v¢tcrans, victims nf t¢Tror and their famili&8 Belt Halochem become$ a lifelong support system. liy eXptIOnal s¢rvi¢es have gurner¢d global recognition, symbolisin8 a beacon ofuwe for those who have sacrificed so much in the defence of their counlry.I Pag¢ I
Oociislgn Envelope ID.. EB6B48EO-581W1+9727-AAD36E4D53C5 BEIT HALOCHEM UK REPORT OF THE TRIJSTEES FOR THE YEAR LNDED 29 FEBR Y 2024 OWECTIVES AND ACTIVITIES AetivitiC5 Reflecting on the past 12 years since the establishmenl of Belt Halochem UK the Trustees, staff and volunteers can inimens¢ pride in thc unwavering Support provided to injured vefrruns victims of terror, and th¢ir f2mili¢s. As a unique ehyrity. B¢i¢ Halochcm r¢stor¢s pu7pTrse, self-est¢¢n and di8nity lo our wounded soldier8 and their families, offering lifelong assistance. So. have accomplished? We have reintroduLed thc IV$ A KCkOUt event, ftttra¢ting over 800 children from across iA)ndon nd the surrounding area. The event significantty incT¢Osed the number of donor$ in our database dnd helped rais¢ additional fijnds for the charity. Through the conlithualion of th¢ Vetera Ciames programme which Belt Halo¢hem UK wer¢ instrumental in ¢siablishing> we hav¢ continued to take wounded IDF and UK veterans to primary and secondary sihuols. whcre they shared their inspiring and resilient stories. Additionally> w¢ organi8ed visits for school4 youth oyganisution5 and community PTojects from ihe IJK to on¢ of the four Belt Halo¢h¢m ccntres in Isrnel. These visits provided & greater understanding of the ¢harity'$ work and an pportuniry to meet face-to-face with our mcmbers and their lamili¢& The charity has also fostered strong r¢l8lionship.% with memkrs of the non-jewith wrnmunity through interaction5 with churches and community group8 nationwidc. This engagemeni has h¢lpcd to spreAd Awareness of the charity to a broader audicncc. resulting in incred donations and pmmoling Kmmitive relation8 between the Jewish and non-Jewi8h communities. Throughout this finBn¢ial year. Mt have ¢onlributed to variou$ pmj¢ct4 in¢ludin8 covering the annu81 runnin£ tosts of our four rehabilitstion faciliti¢s. Additionally? following our v¢ry sueees$ful fundraising dinner we have fund¢d specialist P'ISD progr¥mmc4 PTovided financial assistance towards education and qporting ychol8r8hips, including specialist training for veterBn$ fv)ping io partiLipat¢ in the 2024 1?&ris Paralympic Games. We also supported scveral sigrtificant capilul projccts a¢ross the four Belt H8k)¢hcm faciliti¢4 including three buildin89 within ihe new Ashdod Centr¢, Publ1¢ beD¢fl¢ 'I'he Trustees wnfirni th¢ir compliance with thc duty to have due regard lo the public benelil guidan¢¢ (scction 17 of ihe C.harilies Act 2011) published by the Charity C,ommission when reviewing the Charitys aims and objectiv¢s ond in planning future a¢livities. Th¢ aim of the charity has alwllys been to assisi in the raising of funds for ihose have ixen injured whilst serving as w¢ll injured though acts of terror. ACHIEVEMFNT AND PERFORMANCF Ch*rliable aetivitlej In the fiscal year 202312024, Ihe chartty experienced an extraordinary SUCLZSS in fundr8i$in& accumuloting over £4.8 million. This ¥mount signifies a notsble inLreasc of £1.90 million compar¢d to the previous y¢ur. This B¢hi¢vement Aligns with the financial objcctives established hy the Trustc¢s. which airn lo inLremcnially increase the funds rai5cd and the fund8 senl lo lyrael cach year. Of Ihc £4.8 million raiqed by RHUK, £4.2 million ha$ in included in the finAn¢iul statcmcnts. However, £625,000 uf thc donations raised by Bl IIJK We diredly transferred to the Isrocli brAnch of the eharily Ynd, therefore, Cannot be in¥luded in ihe financial $tal¢m¢nts, adhering to th¢ accounting policies brt by the charity commi8sivn. The chArily, bO1¢r¢d by additional .qtslTmembers, $uc¢¢8sfvlly org8nized a multimde of events, in¢ludin8 sev¢Tal new initialives that catered lo the div¢w inteTests of all donors, both young and old. These ¢v¢nts featured the annual "Ivs A Kno¢kout' event, which drew over 800 Lhildrcn, a Whisky TBsling eYcninB.. and a Patrons Win¢ Dinner, which alone raised £440,000. Additionally? launLh of thc 2023 Veteran CIames was H notable highlighi. The annual fundraising dinner was held at th¢ Royhl Lancasler Hotel, where over 440 donors gathered for an engaging evening wilh guests, including members of Bcit Halo¢hem from Israel. This cvcnt wa¥ a Ir¢mcndou$ success, raLSLll8 more than £1.3 million, surpu¥8ing the amount r&is¢d in the previous y¢ar. As a part of the Bl.IIJK wellbeing educational progrnrnn, a sclcction of IJK and Israeli Veterans. many of whom parti¢1ped in prcvious Veteran (James. vi5iled numerous schools and busincss to share their stories of ongoing rehabilitalion ttnd th¢ role of resilience in supw)rting overall w¢llb¢ing. Since the programme's inception in June 2022, 9,200 te¢na8er5 from a divcrse array of s¢hools h&ve had the opportunity to hear diTecily from our members. This educational initiative is set lo continue throughout the 202412025 acemiC year. 'I'o maintain robust conne¢lions with donor&, thc ch8Jity employs various communi¢ation channels. inLlllding monthty E-newslett¢r social medi4 and its website platforni, all managcd by our ()pcrations Manager. Dina Kestenbllum. Addilionally, the annual magg7.ine was distributed to the enliTe datab#sc of 5,500 indivtduals, utilising boih digital and pustal d¢livcry methods to ensure Mfjde-reachin8 engagement. The charity tuns many evenls during thc ye8r with th¢ aim of r8ising funds in eXCS of th¢ costs to 45SlSt in funding the charity with its charitsble objectives. The tw) TTL05t noteable were that of the annual dinner which raigcd £1.3m and cost the eharity £175.000. The charity also held a Patrons Winc DinncT in whAch it Tald £440,000 and CO the chairty £21,000. Both events had & positive net return and were both huge succe5scs which the clwity aims to r¢p¢at. The main benchmark ihe charity uses internally for ¢a¢h event is that any event covers the costs of the ev¢ni as a minimum and th¢se material events both did that with one providing 20 times the cost. Page 2
Docusign Envelope ID.. EB6B48ELL56134A14-9727-A4D36E4D53C5 BEIT HALOCHEM UK REP RT OF THE TRUSTEES FOR THE YEAR E,YDED 29 FIBRUARY 2024 ACHIEVEMENT ANI) PERFORMANCE Communication and Compl8inls: Ihe charity logs all feedback. wh¢thcre positive OT negative. B¢it Halochem UK did not r¢ceive any ¢omplaints due to ¥ny of th¢ activities undettaken within the lim¢frame of the fmancial reporting period. FINANCIAL REVIEW FiMnrial positio In 2024, our total income w8s £4.176.588 {2023: £2.130.497) leading to an overail increase in charilablc incom¢ of £2,073,091. R¢8erves wleY At the balance sheet date of 29 February 2024 the total reserves were £890.433 (2023.. £98.4851 ()f which £890.433 were unrestrictcd fund& The charity carefully mana¥es ils fund$ to guarant¢¢ a continuoEL8 Availability of running expenses. These expense& totsllin8 £40k per montl encompass saiaries, TenL and general op¢r&tional cosls. To maintain financial stability, the I rusteeq and CEO work log¢thcr to ensure thai u minimum of three months, worth of expenses is Consistently held in thc bank accounl. se¢uring th¢ charity's ongoing operniions. FUTIIRE DEVELOPMENTS The UK charity rem&tns dediLOt¢d to r4i$in8 ludS and in¢aSing aw¥reness for JJ¢il I laiochem, hostin8 a full calendar of ev¢nts. Additionally, the chbrity will Lonlirtue its collaboTation with Jewiyh and non-jewigh %hools, youth movernenl& and local Communities to broaden awAreness of 11$ mission. For 202412025. thc charity has alreAdy s¢h¢duled a diver.qe rang¢ uf cvcnt$ io cater to its donors, preferenLes. Furthemiore. se donors have infornJ¢d ihe ¢harity of their plans to le&ve considernble ttmouni$ in their will$ to support its eifurt5. PLANS FOR FL'I'URE PERIODS OUT ¥oiII is to expand our influcnce among young [p]e and young profcssionals thmugh events, sports ¢hall¢nge4 and soci81 m1¥4 initiatives. Additionally. we aim to Slr¢ngthcn our conneclions with Ix)th Jewish und non-jewish schools Mn(J cxlend our outr¥ach to Jewish communitics in London and other regions. In addition lo our regulAr unnual events. we plan to lavn¢h various ndr&ising programmcs this year to appeal to 8 broader range of donors. Ibe CEO will continue to focu% on securing donations from tTusty foundations, ttnd high-ttet-worth individu815 kn boo.8t our fundraising efforts. STRUCTIIRE, GOVERNANCE AND MANAGEMENT Governini dotument Thc charity is cfinlrolled by its governin8 do¢umcni a deed of irusl, and cortstitules a limiicd mpanY. limiied by guaraniee, as defin¢d by ihe Companies Act 2UO6. The Chariry is Lontroll¢d by lis governing doewn¢M, a deed of trusi and constilures a Ilmiled company limit¢d by guarantee Ms defined by compAnys Act 2006, Re¢rnl¢ment And appolntment of new truste Trusiees are appoinl¢d ac(xJrding to the ArtiL,l¢s of A88ociation. ()rg8nisatlon81 $trueture The charity is managed by ll board of trustees. In February 2012, Spen¢¢r Gelding became Chicf Ex¢cuiive, Te.sponsiblc for overneelng the day-to-day operation$ of the charity. t)ina Kestenbaum WkS llPP)inted Operation5 Nlanagcr in October 2022, with responsibilities in¢ludin¥ managing PR and Marketing for Belt Halo¢hem UK. In October 2023, David Thrilling joined th¢ charity Lq Project Mana8¢r, tasked with ¢stabli$hin8 and mainlairAill8 link5 beÉwe¢n UK and Israeli veteran organisations and collaborating losely with the CEO on Lommunity projects and fundralsing initiatives. Regardin8 pay arrdngem¢nts. the trustees ar¢ responsible for overse¢ing the charity'$ pay structur¢s and approving pfty incre&¢£. These dccisions are typically based on the charity's fjnthncial w51tion and comparable remuneration packages in similarly 8i7.ed ¢hariiies. Indu¢tion and trailg of new truJ¢ee$ New tStee5 undergo a briefing on their legal obligations under company and ¢harity law. Risk manAgement Th¢ ttvstecs hawe 8 duty to idenlify and r¢view the ri9ks to which the charity is expos¢d &nd to ¢nsure that approprig1¢ controls are in place to provide r¢asonable assuran¢e against fi?ud and error. Th¢ trustees ar¢ satisfied that systerns are in place to manage those Page 3
Docu81gn Envelope ID.. EB6B48E1>58134A14-9727-AAD36E4D53C5
BEJT HALOCHEM UK
REPORT OF THF TRUSTEES
FOR TIIE YEAR EYDED 2
LBRUARY 2024
STRucfL'RE, GOVLRNANCF. AND MANACEMENT
The Trustee's Board h&s conducted a review of the major risks. to which the ¢harity is exposed, wh¢r¢ appropriate
¢¥tablishing or Strcngthening systems io mitigale the risks identified.
Thc risk register covers th¢ following are
- Governance. regulatory and MplIance risks
Financial risks
()peration81 risks
- ]nforntIon governance. IT securiiy and busincss ¢ontinuity
The actions taken to address the main risks during the period have been:
l. Govemance, regulatory and compliance risks - these risks are regularly dreSSed at our quarterly board meeting. Ea¢h of our
trustees undertakes a particular role within the Ix)ard, with one responsible for working directly aiongside the CEO managing the
governance of the charity.
2. binan¢ial risks - as stated. th¢ charity cBrefully manages the lldS ofthe chartty to guarantee a continuous availability of rumJin8
expenses. The5c cxpense8. totalling £40k per rnon encomp&ss salMri¢¥, rent, And general nperalional costs. To maintain finAn¢ial
stability, the Trustccs ond CEO wnrk together lo cnsure that a minimum of thr¢¢ months, worth afexpenses is consi$t¢nily held in the
bAnk aLYount. sccurin8 the ch8rily's un¥oing OF
Doc]gn Envelope ID.. EB6B48E(k561&4A14-9727_AAD36E4D53C5 BEIT HALOCHEM iiK RF.PORT OF THE TRUSTEES FOR THE Y EYDED 29 FEBRUARY 2024 REFERENCE AND ADMINISTRATIVE DETAILS B4mkers Lloyds Bank Nottinghill Ciate PO BOX IQOO BXI 11.T Websltt.. htips:l/bhukor81 COMMENCEMElY'f ()F ACTIVITIES The Llwity was IncoTated on 28 Febn]ary 2012 and li was grankd chgrirable ststus on 19ih April 2012 under registration number 1146950. lh¢ charity iy govcrned by its Memurandum and Articks of Association and is a Privatc Company Limiled by Guarantee. s'rATEMF.NT OF TRUSTEF.S' RESPONSIBILJT]ES The trustees (who are also the directors of Belt Hak)Lh¢m UK for the purposes of ¢ompany law) are responstble for prep8ring the Rep)rt of the Trustees and the financial statements in accordance with applicable law and United Kingdom Aceounting Stgndardy (lJniled Kingdom Generally Acccpt¢d Accounting Practice) includin8 financial Reporting St¥ndard 102 "The Financial Rcportin8 Ststndard applicable in the UK and Republic of Ireland" Company law requirey th¢ trustees to prepare financial statemenls for ¢a¢h financial year which giv¢ a true and fair vicw of the stale of affairs of the charitable company and of the incorning r¢sources and oppli¢ation of resources, including the income and expenditure, orth¢ ¢harit&ble company for thal period. preparing thoge finan¢ial ytstcments. the trustees are r¢quired to lect suitsble coUntIng pvlicics and then apply th¢m consistentlyt observe thc methods and principles in the Charily SORP. rnake judgements and estimY4tC5 that are re&gDnabk ftnd prudent. prepare the financial ststements on the going ¢onc¢rn basis unless il is inappropriate lo presumc that the charil&ble company will fA)ntinue in busine89. The tru8t¢es a re4nsible for keeping proper ac¢ounting records which disclose with re&gonable aUr2eY al ¥ny time the financia] position of the ¢haritabl¢ company and 1¢) ¢nable th¢m lo ensure that the finAncial gtstemcnts ¢omply with the Companies Act 211)6. They are alsTr respL)nsible for safegu&rdin8 the assels of Ihe chariloble company and heftce for lakin8 reasonable steps for the pventIon &nd det¢¢lion of fraud and other itr¢Bularilies. In so far as ihe trust¢es are ttwar¢.' Ihere is no relevant audit information of which the ¢harilable compan5 ouditors arc unaware. and Ihe {rustS have taken all steps that they ou8hi to hgvc iaken to make themselv¢s aware of &ny r¢lcvant audit infTrrnJAlion and to ¢stablish that the auditors ar¢ Aware of thal information. AUDI'I'OIL 'lThe lluditor& Numera Partner5 LLP. will be proed for Te a 10/17/20Y4 intment at ihe fOrthming Annual General M¢elin8. Approved by order of the board of trnstccs on ............-................................ and signcd on its behall'by.. Ootsu*n•dby'. Andr¢w Wolfson- TTubrte¢ Page 5
Docusign Envelope ID: EB6B48E¢>58134A14-9727-AAD36E4053C5 REPORT OF THE INDEPENDENf AUDITORS TO THE MEMBERS OF BEIT HALOCHEM UK Opinithi We have audited the financial staternenis of Belt Halocbem UK (the'charitable company.) for th¢ year ended 29 Febrtw 2024 which comprise the Statement of Financial Aclivilies, the Stat¢m¢nt of Financial Position, thr Statcmenl of Cth Flows and notes to the finartcial statement& including a SUrnTrJary of significant accounting poli¢i¢5. The financi] porting framework that has been appli in theiT preparation is applicabl¥ law and Uniied Kingdom AcL¥kunting Standards (Unitcd Kingdom Generally Accepted Accounting Practic£). including FiTJan¢ial Rcwrting Standard 102 Th¢ Financial Rewrting Standard appli¢able in the UK and Rcpublic or Ireland,. In our opinion th¢ financial slat¢ments'. 8ivc a true llnd fair view of th¢ state fjf ihe chgritsble company's affuir5 as at 29 February 2024 and of its incoming resources and appliiation of r¢sour¢es, including its income and expendilure. for th¢ y¢ar then ended. have tyen properly ptepared in accordance with United Kingdom Genernlly Accepted Accounting Practice, includiDg Financial Reporting Standard 102 'The r,inan¢ial R¢p)rting Standard upplicabk in the IIK and Republic of Ireland and havc b¢¢n prepared in aceordance with the requir¢m¥nts of the Companies Act 2006. B81$ fthr opinlon We cijnducted our audit in ac¢ord4nce with International Standards on Auditin8 (UK) (ISAS (UK)) and applicable Igw. Our responsibilities under ihose standards are furth¢r described in the Auditors, responsibilities for the audit of the financial statcments ection of our report. We Bre ind¢pendcnt of the charithble company in accordanee with thc ethical requirement8 that are rcl¢vant to our &udit of the finAncial $latemcnts in the UK, including the FRC'S Ethi¢al stndllrd, and we have fulfilled our other ethical responsibilities in accordance with these requiTemenli+. We believe that ihe audit evidence we have obtained is sutTicient and ppropriate to provide a bdsiy foT our opinion. C'Ow¢lu5iol re14tln% to Eoin¥ eon¢ern In auditin¥ thc financial statements, we have ¢oncluded that th¢ trustees, use of ihe goin8 ¢on¢¢rn basis of alutIng in the prepar8tion of the flnanciBI htatements IS Appropriate. Based on the work we have perforni¢d, we have not idenlified any material un¢ertainiie$ relating to evenls or condiiions thal individually or collectively, may cast signifi1 doubt on ihe charitsble comptY'S ability to ¢ontinue as a going Lonccrn for a rIOd of least ttwelve months from wh¢n the financidl ¥18temcnts are lluthoTis¢d for i5SUC. Our tesponsibilitics 8nd the respoxsibililies of the trustees with respect to going concern are des¢ribcd in the relevant seclion¥ of thi$ report Other InformAtiDn The trusl¢¢s are responsible for the other infomiation. The other information Comprises the inforn)alion included in ihe Annual Report. oiher than the finRn¢ial statements and our Report of ihe Independent Audiiors thereon. Our opinion the financial statements d(Jes nul covcr the other inforniHtion and, ex¢¢pt to the extent 0th¢nVi ¢xplichly 8tsied in our rep)rt, we do not express any lorm uf as$uran¢e conclu.sinn ihercon. In conneclion with our audit of the finAnci81 slal¢ment4 our responsibility is to read the nther inforniation and. in doing $0, ¢onsider whether the other information is mat¢rially inconsistenl with ihc financi stalemenl¥ or our knowled8e obtained in thc audit or therwibe appear5 to be materially misstated. If we identify such mat¢rial inconsi8nci¥s or apparent material mi.8%181¢ments, are required to d¢t¢rn)ine whelheT this giv¢s Tl% to a material rnisStatem¢ni in the finanL?al statements themselve8. Ir, based on the work r havc p¢rfornied, we cunLlud¢ thai ther¢ is a mAi¢rial misstal¢m¢nl of this other inforn)ation. we are requir¢d to rcport that fact. We have nothing to report in this rcgard. OpiTrions ljll other matter5 preserib¢d by the Companies Ael 2006 Jn our opinion, ba8cd on the work undertaken in the ¢owrse of the audit.. the infom)ation given in the Report of the Trustees for Ihe financiAI year for whi¢h the financial statements are prepar¢d is con¥ist¢ni with the financiAI statements; and the Rcport of the Trnstees has been prepared in accordJnL'e with applicable legal r¢quirements. Matten on which we are required to report by exception In ihe light nl'ihe knowledg¢ and uiiderstanding of the charitable company and its ¢nvironrnent obtaincd in the course of the audit, we have not identified rnaterial misst&temenis in th¢ Rcport of the Truslees. We have nothing to report in Spect of the following matters wlwe the Companies Ad 2006 rcquircs us to report io you if. in our opinion.. adequate accounting records have JK)t b¢¢n kept or returns adequa* for our audii havc not be¢n received from bran¢ks not visited by us; or the financial statements are not I agreomenl with the Accounting records and returns,. or certain disclosures of trust¢¢s' r¢muneratioJ] specified by law are noi niade; or we hav¢ not received a]1 the infonnation and explanatN)ns we require for our audit. or the trnst¢es rre not enlitled lo takc advantsge of the small Companies exemption from the r¢quirement to p]rpare a Strdtegic R¢port or in preparing the Report of the Trustees. Page 6
Dcuslgn Envelcye ID: EB6B48E(k56134A14-9727-A4D36E4D53C5 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BEIT HALOCHEM UK Re5wJnsibilities of tru$tee5 As explained more fully in thc Slatement of Trustees. Responsibilitie4 the trusfrts (who also the directors of the charilable company for the PUTPK)ses ofrompany law) are reswpnsible for the prepargrtion of the financial statements and for teing satisfied that they give a tnle and fair vicw, and IOT such ini¢rnal control as the trustees deterniine t5 necessary to enable the prepardtion of financial statements that aTC fr¢¢ from mal¢rial misstalem¥nt, whether du¢ fraud or ¢ryoT. In preparing the financial stAtcrneTLts. th¢ trustees rcsponsible for osses$in8 the ¢haTitabl¢ company's ability to ¢orJlinuc 8$ a going concern, disclosing. as appli¢ahle, mott¢rs relai¢d to going concern ond using the going ¢oncern basis of acc4)UTJting unle&8 the tn¢8 either inl¢nd to liquidate the charitable company or to cease operations, or have no realistic alternative but io do so. Our responsibilitie8 for the Audit of the finan¢i41 slatement8 Our objcctiv¢s are to obiain reasonabl¢ assuran¢e aboui whether ih¢ financial 8tatem¢nts a5 a whole are free from material mis¥tatcmeni wheth¢r due to fraud or crror. and to Issu¢ a Report of thc Independent Auditors that inLludes our opinion. Reasonoble ssuran¢¢ is u high lev¢1 of assurance, but is ntst a guarantee that an Mudit conducted in aCrdanCe with ISAS IUK) will always detect mat¢rial rnisst&tement when il exists. misstatenls can aris¢ from fraud or error and are considered material if, individually or in the aggregate, they could reosonably be expected lo in1lue the economic de¢isions of users taken on the basis of these financial Stat¢ments. The extent lo which our proccdures are capable of deIng irregularities, includin8 fraud is dctailed below. Irregularitie4 including fr4ud. are instances of non-compliance with laws ftnd r¢gulation5. We design procedurcs in line with our re8ponsibiliti outlined above, to delect ma*rial mi5518tcments in Te8PeLM of irre8ulariti¢s, including frdud. W¥ consider thttt our procedur¢5 are highly ¢apable of dekcting irre8ularitiei includin8 fraud. The enga8¢menl teBm llective]y h#ve the apw)priatc competence ¢apabililies to identify or r¢co8nlse non•compliance with law¥ And regulations. During the planning of ihe audiL diwussions Mrr¢ held with key entity staff to ensure.. - an understandin8 of the legal and regulatory frameworK - the enlity's policies And procedures on compliance with laws and regulaiions. - the gnliW8 FX)licies and proccdures on fraud risk including knowledge ofany actual. suActed or alle8ed fraud. Audit procedure$ d¥lecl material mi8$l&lements in re¥pcct of irregularitics are outlined below.. Enquiry of managem¢nt, those charged with governance and the enlily'8 solicitors around a¢lual and potrntial liti8ation and cl8im4 Reviewing financial statement discloswe8 and tsstin8 lo supporting documentation to assess compliance with applicabl¢ laws and regulations. Auditing the risk of menagem¢nt override of wntrol& including throu8h testin8 journal entrie$ and oiher 4dju8tmenl8 fL)r appropriateness. - rcadin8 minul¢s of meetin8s of those ¢har8ed wtth Bovernance; Q)n¢ludTn¥ on the &ppmpri#t¢nes$ of the dire¢tors use of Ihe going ¢(>n¢ern basi8 of Accounting and. based on the audit evidence obiained, wh¢ther a m&l¢ri#l uncertointy exists related to events or ¢ondilions that MAY cast Significant doubl on the companys Mbility to ntinu¢ as a gDing ¢onccrn. If we Lon¢lude thal a m#tcriftl uncertainty ¢xists, we ar¢ rcquir¢d to dr&w attention in our audilors rep(Trrt lo the re14rted dibolosur¢s in Ihe financial stalem¢nls or, if such diwlosures arE inadequate, to modify our opinion. Our conclu5ion8 are based on thc audit eviden¢¢ obtained up the th¢ date ofour auditor5 rep)rt. HOver, futur¢ cvertts or conditions may ause th¢ company lo ccase to ¢onlinu¢ as a going ¢oncern. Audit procedures to address the risk of fraud through man88¢meni bias and override contro15. we. P¢rforn]ed analytical procedures to identify any unusual or unexpe¢lcd relationships,. testcd journ&1 ¢7]tries to indemnify unusual relationships. investigated the rationale behind significant OT unusual transactions There are inherent limitations in our audil procedures described above. The more removed that laws and regulations are fTom financial transa¢tion5, the less likely it is that w¢ would lrne aware of non-compliance. Auditing stsndards also lirnii the audit procedur¢5 Tequired to identify non-compliance with laws and r¢gulations lo etwuiry of the dir¢¢tors gnd other m8nag¢menl ond the inspectton of regulatory and l¢gal corre$pondenl if any. Material misst&tements that arise due to fT8ud can k harder to detect than those that arise from error as they may involve collusio forgery. deliberate coneeaiment and nmissions, misrepresttntAtion4 Dr the overrid¢ of inlernal conlml. A further description of our responsibilities for the audit of the financial stst¢ments is located on the financial Reporting Coun¢il'% website ot www.frc.or8.ukl&uditor5re5wnsibilities. This dcscription forn part of our Report of the Jndependenl Audilors. Page 7
DOign Envelope ID: EB6848Es6l4A14-9727-AD36E4DS3C5 REPORT OF THE INDEPENDENT AUDIT RS TO THE .MEMBERS OF BEIT HALOCHEM UK U8¢ our report This report is made solely to the Charitable company'$ nrmber& As a iKMly, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our Audit Work has been undertaken so that we Jnight state to the charttablc curnpany's mcmber5 those matters we are required to stale to them in an auditors, rep)rt and for other purpose. To th¥ fullest cxtcnt pcnnitted by law, we do not a¢pt or &%8ume reswnsibility to anyone other than the charitable compony and the charitsble company's members AS a FMMIy> for our audit worK for this repor¢ or for the opiniorts we have fomed. Giks Cohen {Senior Statutory Auditor) for and on behalf of NumeTa Partners LLP tatuiory AuditOTS 4th Floor Chorl¢¥ House 108-110 Finchlcy Road London NW3 JJJ Date:...................................,.,....... Page 8
DUSIgn Envelope ID: EB6B48EO-56134A14-9727-MD36E4D53CS BEIT HALOCHEM U Fl IALA Iv 29.2.24 Totsl funds 28.2.23 Total runds UnrestTiCted fijnds Restricted Notes INCOME AND ENDOWMENTS FROM Donations and le8a¢ies- Unrestri¢ted funds 4,051.540 4.051.540 1.612,341 Donations and legacies- Restricted funds- Gcnetai Donaiion5 and l¢gacies- Restrici¥d funds- V¢leran games 125,000 125.(KKJ 47 47 518,156 Totsl 4,176.587 4.176.587 2,130,497 xrF.NDITURL ON Raislng fund8 435,971 435.971 471.174 Ch#rit*ble Actlvltles Grants to Israel - Gcner81 GranLs lu Isracl - Veteran games Stoff ¢osts (iovernanc¢ 2.625,00.3 112,638 196,707 14,320 2,625.003 112,638 196,707 14,320 ,096.579 518,010 201,070 11,043 Totsl 3.384,639 3.384,639 2,297,876 NET INCOMbl(EXPFNDITURE) 791.948 791,948 (167.379) RECONCII.IATION O& FUNDS Totsl funds brought forward 98,485 98,485 265,864 TOTAL FIJNDS CARRILD FORWARD 890.433 890,433 98,485 The note5 forni part of these financial stalcments Page 9
Docusign Envelope ID.. EB6B48E56l34Al&9727-AAD3fjE4Ds3cS BEIT HALOCHEM I,'K NT OF FINAN ON 29.2.24 Total funds 28.2.23 Toial fvnds Unrestricted fimds Restricted funds Notes CUIiRENT ASSETS Debtors Cash bank 15 10,787 891,041 10.787 891,041 104.173 901.828 901.828 108.272 CREDITORS Amounts falling due lthIll one yeHr 16 (11.395) (11,395) (9.787) NE'f CilRRF.NT ASSETS 890.433 890,433 98.485 TOTAL ASSLTS LESS CURRENT LIABILITIES 890.433 890,433 98.485 ET ASSETS 1190.433 890,433 98.485 FUNDS Unrestricted funds 17 890,433 98,485 TOTAL FUNDS 890,433 98,485 Th¢se financial 8tstern¢nL8 h4ve becn prepar¢d in a)rdan with th¢ provisions applicable to thllritAble compani¢$ $UbJ¢ to the small wmpanles regime. 10/17/2024 The financia] s¢atemenl$ wrre appmv¢d by the Brd of Trusl¢cs and aUtIrised for i8sue on ......................,,,,,.......,.......... and were 8i8ned on iLq behalf by.. Daw8*d by.. uJ& ..¥P.IPAII1391.V.FF,. Andrcw Wolfson - Trustee 8lqn•d by.. 'Bts)F14Y Nath8niel Meyohas- rustee The notes forni part of these financial statement5 Pe 10
DOcusn Envelope ID.. E86848E(>56134A14_9727-AAD36E4053C5 BEIT HALOCHEM UK STATEMEYT OF CASH FLOWS FOR THE YEAR ENDED 29 FEBR 29.2.24 28.2.23 Notes Cash lltsws from opergtlng aetfvltles Cash generated from opBralions 786.821 12.716 Net cash provided by operating activities 786.821 12.716 C4sh flows from investing 8¢ifvltle8 Inter¢st received 47 Net C&8h provided by investing activities 47 146 Change in eajh 8nd c85h equlvl¢nt$ in the repttrrtlng period Cash and e•8h eqviv81ertts at the beglnnlng of Iht rLprtIng perlod 786.868 12,862 104.173 91,311 C$h Ind eaxh equlv•l¢nts At the end of the re[rtIng p¢rlud 891.041 104,173 The notes forni part ofihe5e financial st&kments Pagell
Docusign Envelope ID.. EB6B48EI>56134A14-9727AAD36E4D53CS BEIT 114L HEM UK NOTF.S TO THE STATEMENf OF C.ASH FLOWS FOR THE YEAR ENI DED 29 FF.BRUARY 024 RECONCILIATION OF NET INCOMEI(EXVENDITURE) TO NET CASH FIA)W FROM OPERATIIYG ACI'IVITIES 29.2.24 28.223 Net Ineomel(eypendithre) for the rtIng period (4$ per the Ststememt of FillAtt¢ial Aetivi¢ie8) Adjustme#ts for: Iniercst re]ved (Incr¢ase)Idecr¢4sr in debtors Increase/{de¥T¢asc) in ¢reditsTrr8 791.948 {167,379) (47) (6.688) 1,608 (146) 211,934 (31.693) Net C85h provided by operntions 7116,821 12.716 ANALYSIS OF CHANCFS IN NET FIINDS Ai 1.323 Ilow Ai 29.2.24 Net eash Cash at bank 104,173 786.868 891,041 104.173 786,1168 891,041 Total 104,173 786,868 891,041 The notes forni part ofthe% financial statement$ Page 12
Docusign Envelope ID: EB6B48ECh56134A149727-AAD36E4D53C5 BEIT HALOCHEM UK NOTES TO THE FINAP4CIAL STATEMENTS FOR THE YLAR ENDF.D 29 FEBRUARY 2024 STATUTORY INFORMATION The pr¢s¢nt8tion Currency of the financial statements is the Pound Sterling (£) & 1$ rounded to the nearesi p)und. ACCOiiNfiNc POLICIES Bojij of prtpllring the fingnclal St¢¢15 Th¢ finan¢i&l %tateTnents of the charitAbl¢ Company. whi¢h is tt public ben¢fit entity under FIL% If12. have been prepared in accordance with the Charilies SORP (FRS 102) 'ALwunling and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their a¢wunls in accordan¢¢ with the financial Reporting Standard applicable in the IJK and Republi¢ of Ireland {FRS 102) {eif¢clivc l January 2019),. Financial Rewrting Standard 102 'The Financi0] RertIng Standard applicable in lh¢ UK and Rcpublic of Ireland. and the Companies Act 2006. The financial slalem¥nts hav¢ been prepared under the hisloricul wst convention. Critlt•l oe¢•unting Judgem¢n¢$ 4nd key souree8 of otlm4tlon uneert8iDty Preparnlion of the financial stakments requires ihe tnJste¢s and management to make signifi¢aTrt judgcments and estimates. The areas in the financial staiements where these judg¢meMs and estimates hAve been made includc: - d¢teTmining the valU10n of gift8 in kind the all0¢10n of support CA)sls to ¢hariiable Aetiviti¢s dctern)ining the valuation ofdebtors and if Any indication exists 81 th¢ asscssment date where a debtor may be unable to mccl their obli8ation In addition kn ihe abuve. thcrc are curn11Y 8lobal issues wh¢r¢ the iM¢t 1$ not curtenily wssible to evaluate all the tenti41 implT¢a¢ions for the ¢hariii¢s a¢tivate$, b¢rIe]0ry. funder& suppliers Dnd wid¢T¢conomy. Inromlng r¢$ources All resources are recognised tn the Stotcment of Trinllncial Adivili¢s when thc chgrity is legally entiiled io the fund$ 8nd the amounts can be qUantird with rcasonable &ccuracy. Income comprises donations Icgacies and bank interest. Donations, in¢luding gift aid are e08n]sed vth¥n the charity ¢onfirnJalion ofboth the amouni and the settlement dAte. In the evenl of donations pledged bul not received. th¢ 8mount will be accrued for only Whe rhe re¢eipt is ¢on8idered probably. Inl¢re8t on ndS held on depo8il is inLluded wh¢n receivable And the amounl ¢an be mcAsured r¢liably by the charily> Ihi¥ is norn1]y upon notification ()I'ihe inlerest paid or payable by the i)ank. The charily is exempt from corporation tax on 11$ ¢h4rilable activiti¢$. Fund etoMnting The charity mainlains a g¢n¢ral unrestri¢i¢d fund which Pr¢entS fvnds which ore expendable At the di5CTelion of ih¢ trustees in furtherance of the objects of th¢ charity. Such lundy may h¢ld in order to finance both workin8 capital and capital investmenl. Restricted funds have been provided to ihe ¢hariiy for p¥rti¢ular purposes, and it is the pnli¢y of the board of trustees to carefijlly TYK)nilor the application of ihose funds in aLX'ordan¢¢ the restriction.s pl&eed uwn them. Thelt 1$ no forn] rM)licy of transfer bdween funds or on the allocation of tiinds to (ksignated fund& other th&n th&t described gix>ve. Any other prowsed transfer behveen funds would b¢ ¢onsideted on the p2rticul#r CiTcumstances. ForeigD eurrencios Assets and liabilities in foTcign currencies are translated into sterling at th¢ rates of exch8n¥e Fuling thc statement of financial positiun d&tc. Transactions in foreign currencies ar¢ Iransl¢d into sterlin8 ai ih¥ rgtr of cxchan8¢ ruling the date of transa¢tion. Exchange differences are tsken into ac£ounl in arriving at the operaling result. Hire pur¢h•$e and ItgiTrg eommltm¢n¢$ Rentsls paid under opernting leases are chorg¢d to the Statement of FiDan¢ial Activities on a straight line 15 over th¢ [riOd of the l¢ase. P88e 13 Conitnued...
Docusign Envefope ID.. EB6848ECk561&4A149727-AAD36E4D53C5 EIT 'OTES TO THE FINANCJAL STATEMENTS- Continued OR'I'HE YEAR ENDED 29 FF.BRIIARY 2024 AccouNfiNC POLICIES- eontinue Resources expended Expenditure is acc4>unted for on accnvdls basis and has ien clalfIed under headings ihat aggregate all cost related to th¢ Category. whe costs connot be direcily attribed to particular hclIngS they have been allocated to activities on a basis consistent with th¢ us¢ ofr¥y)urccy. Cost of gener•tin% fund$ Cost of g¢n¢raling funds ¢omprise5 all co5t8 as%)ciated with raising 8ddilional funds for the Charity through advertising and other sales. Charltsble a¢¢lvlile$ Charitable &¢tivities comprise all costs directly incurred in undertaking &¢livilie5 t() fulfil th¢ Charity's L)bj¢L%5. together with any support costs allocated in accordan¢e with Lh¢ support cost accounting policy as dc5cribcd bclow. Covern4nee ¢05¢ Governance costs cornprisc all costs incurr¢d in running the Charity itself as an organi8&tion and 118 compliance with rcgulation and good prA¢ti¢e. Support eoiis Administratinn head ole¢ ¢osts not dircctly altributsble io particular charitable activities ar¢ apportion¢d over the relevanl a¢tivities pro rats to the vajue of the income d¢rived from ¢ach charitable a¢tivity. Deb¢tsr• Debtors are rew8nised (m their setilement amounL less any provision for non-recoverability. at bank ln hand Cash gt bal in hand r¢presents such accounls and instruments that are Available on thTnand or have & mgluTlty vf less than thrcc months from ihe date of acquisition. C'reditori And provi$ion$ cdItOrS and provisiony are reco8nised whcn there is an obligaiion ihe balance sheet datt as a result of a past even4 it is probable ihal a transfer of¢wnomic benefit will bc required in s¢ttl¢m¢ni and the amount of the settlement can be estimated reliably. Creditor5 8nd provisions are reco8nised at the amount the Charity anticip8t¢s it will pay to s¢iil¢ ihe d¢bt, Fund s¢ructure Uftrestricted 8enernl funds represent Ihos¢ monies which arc frccly avallAble for Application toward$ hleVing any Charitable purpose that falls wiihin the charity'b ¢harithble ubjcclive and is at Ihc discretion of th¢ tru$t¢¢$. Restricted fund8 comprise ofm(Jni¢s rais¢d for, or their use is r¢Strict to A $pecifi¢ purw)% or ¢ontribution$ are subj¢¢l to donor imposed wndifions. FiTr*nelg41 Instryment$ Th¢ charity hold9 only basic financTal inslTumenls as defined by FRS102. Thc fjnoncial asscts and thc fin¢1] liabilities of the ¢h8rity and iheir mca$urement b&%1$ are as follows: Financial assets trade deblors 8nd uther debtt)rs are basic financial instrumertts and ale debt in5lTunnts rneasured at amortised ¢o$t. Prepayment are not finunL'ial instruments. Cash at bank - Llarified as ba¥1¢ finoncial inslrumems And measuTed at face value. Finaneittl liabiliics- &c¢rnals and oiher creditors financial instruments and are measued at Émortised ¢ost. GDin% ConcerA 'he trustees have M'hether ihe u8e of the going concern assumption is appropriat¢ in preparing ihes¢ fin4ncial statements. -11)e trustC¢5 havc Thade this asses5nMt in respect to a p¢riod of one year from th¢ date of approval of these financial stateTnent8. After reviewing the charity's forecasts and proj¢¢tion& ihe trnstee$ have a re&8onable expectation that ihe charity has adequale reUrCeS to continue in op¢raiional ¢xisten¢¢ for the foreseeable future. The charity, therefore continues to thpt the going conceyn policy in preparing its financial statements. Page 14 continued...
D(Sign Envelope ID.. EB6B48EO-56134A14-9727-MD36E4D53C5 BEIT HALOCH TOTH IJNANCIA HE YEAR STAT iyrs . eon ARY DONATIONS AND LEGACIES- UNRESTRICTED FUNDS 29.2.24 28.2.23 Genera] donation$- inc local ¢v¢nts Gift aid recovery Annual fundraising campaign t8&¢Y donations 2J57,587 192.939 .432.444 45.898 (i) 134,000 .301,014 4.051.540 ,612.341 The .1 ruslees hAv¢ decided in th¢ year to allocate all donations under ¥¥ncrai donation8 as they believe this to provide more representative view of donlnS received cornpared to historical 4lloc8tions of donations receiv. DONATIONS AND LEGACILS- RESTRicfED FUNDS - GENERAL 29.2.24 28.2.23 (leneral donalions- inc local events 125,000 DONATIONS AND I.EGACIES- RESTRICTED FIJNDS- VETEIi4N GAMF.S 292.24 28.2.23 GcneTal donAlions- in¢ loca] events D¢sIt &CUnt Inte$¢ 518,010 146 47 47 518,156 RAISING FUNDS RAiJlTr¥ dontion$ and legel¢i 29.2.24 28.2.23 Advertising and PR Cost of fundraising &¢tiviti¢s I.oL'81 projects Support costs 52.670 175,683 94,097 13,521 105.309 243,983 74,274 47,608 433,971 471.174 C.HARITABLL ACTIVITIES cosrs Grant fijnding of aciivili¢s (see note Support cosls (se¢ no* 9) 8) lotals Grants to Israel - G¢nera] Grants to Israel - Veteran gumes Staff cosls Governancc 2,625,003 112.638 2,625,003 112,638 196.707 14.320 196.707 14.320 2.737,641 211,027 2,948.668 Page15 continue(L.,
Docush3n Ern10pe ID: EB6B48ECk56134A149727_MD36E4D53C5 EIT HAI,OCHEM UK OTHE GRANTS PAYABLE 29.2.24 28.2.23 Grants to Israel - Gcncral Grants to Israel- V¢teraD 8ames 2.625.003 112.638 1.096,579 518.010 2.737,641 1.614.589 SUPPORT COSTS Informaiion te¢hnolo8y Management Finance Raising donations and legaci¢s Staff costs Ciovemance 69,501 3.197 196.707 196,707 69.501 3.197 Gov¢rnan¢e costs Other Totsls Raising donAtion$ and le8acie¥ Staff costs Governan¢c 40.823 113,521 196,707 14,320 14,320 40,823 14.320 324.548 io. NLT INCOMEI(EXPENDITIIRE) Nel in¢omel(expendiiure) 1$ sta*d after char8inBI(¢r¢ditin8): 29.2.24 28.2.23 Auditors, remuneralion Other operniing l¢ases 6.000 19,200 4,500 15.950 ii. TRIISTEES, REMIINElblTION AND BENEFII 'rhere were no trnstees, remuneration or other benefits for thc year ended 29 F¢bruary 2024 nor for the year ended 28 February 2023. Tru3tte&' ¢xpen$ei There were no trustees, expens¢s paid for th¢ year ended 29 February 2024 nor lor the year ended 28 February 2023. srAFF COSTS 12. 29.2.24 28.2.23 Wages and sal8ri¢s 196,707 201,070 196,707 201,070 The averag¢ monthly number of employees during the year was as follows.. 29.2.24 Engaged on managent and fvndraising 28.2.23 Page 16 onlinued...
DSIgn Envelope ID.. EB6B48ECL56ll¢9727-AAD36E4DS3C5 REIT HEM TAT 12. STAFF COSTS- tontinued The number of employees whose employee benefits (excluding mployerpension Costs) exc¢eded £60.0(K> was: £160.] - £170.000 29.2.24 28.2.23 The key management p¢rsonn¢l of the ¢harity comprisc of the trust¢¢s and th¢ Chi¢f Executive Officer. The cmployee b¢n¢fiis. includin8 so¢ial sccurity costs, employeT Fwion ¢ontribuiions of th¢ key management personnel of thc charity were £170,000 (year lo 28 February 2023 £162.000) COMPARATIVES bOR THE STATEMENT OF FINANCIAL ACflVI'J'IES- YEAR ENDF.D 2023 Unrestricl¢d R¢$lTiLted fi]nds funds 13. Total funds INCOME AND ENIK)WMENTS FROM t)on&tions and le8acies- Unrestricted fundg 1,612,341 1,612.341 Donathns ¥nd lega¢ies. Restricted funds- V¢terAn games 146 518,010 518,156 Total 1,612.487 5111,010 2,130.497 EXPENDITIIRE ON Raising funds 471,174 471,174 Charitsblt A¢tlvl¢les Grani$ io Isrnel- Q¢neral Grants to Isra¢l - Veteran ga8 StatTcosls Governance 1,09A579 1,096,579 318,010 201.070 11.043 518,010 201,070 11.043 Total 1.779,866 518.010 2.297,876 Nb'f iNCOMLI(EXPFNDITURE) (167J79) 1167,379) RECONCILIATION OF FUIYDS Total fund.8 brought fonvard 265.864 265,864 TOTAL FUNDS C.ARRILD FORWARD 98.4115 98.485 14. OPERATING LEASFS As at 28 February 2024, th¢ charity wa5 committed to total futhre minimum leaye payment% under non-¢an¢ellable operating l¢ases Ms follows.. Office prcmises Within one year Withill two to five y¢ors 6.400 Nil 6,400 Pa8e 17 continued...
Docusign Envelope ID". E86B48E(P561W14-9727-AAD36E4D53C5 BEIT IIALOCHF.M UK ES HEF NCIA TATEME EARE DED2 eonil 15. DEBTORS: AMouNfs FALLJNG DUE WITHIN ONE YEAR 29.2.24 28.2.23 Other debtors Ptepaymcnls 10.0 787 3.637 462 10.787 16. CREDITORS: AMOUNTS FAI.I.JNG DUE WITHIN ONF. TrTAR 29.2.24 28.2.23 Trade cr¢ditoT Social security and other taxes Accrued expenses 242 4.440 6.713 (650) 5,937 4,500 11,395 9.787 J7. MOVEMEKf IN FUNDS Nel movertnI in fvnds At 29.2.24 Al 1.3.23 Ilnr¢stric¢ed funds Gencral fund 98.485 791.948 890,433 'I'OTAL FUNDS 98,485 791,948 890.433 Nel movement in funds, included in the abov¢ are as follows.. Inwming resourc¢s Resources expended Movement in fijniis Unre%trleted funds Genernl fund 4,176,587 (3,384,639) 791.948 TOTAL FUNDS 4,176.587 (3,384,639) 791.948 Comparatives for movement in funds Net tYKTrvement in funds At 28.2.23 At 1.3.22 Ilnrestrlet¢d funds General fund 265,864 (167,379) 98.485 TOTAL FUNDS 265,864 (167,379) 98.485 Page 18 continued...
Docusign Envelope ID: EB6B48EO-56134A149727-MD36E4D53C5 BEIT HALOCHEM TH NAN 17. 14I0VEMENT IN FUNDS- ¢ontinued Comparativc net movement in thnd4 tncluded in the above &Te as follow5: In¢omin8 resources Resources expended Movement in ndS Unreitrict¢d fund$ General filnd 1.612,487 (1.779,866) (167.379) Re8¢ritted funds fjrants to Isreal . Veteran games 518.010 (518,010) TOTAL FUYDS 2,130.497 (2,297,876) {167.379) A curr¢nl year 12 month5 and prior Ye 12 months combined sitiOn is as follows: Net movement in funds At 29.2.24 At 1.3.22 Unrestritted funds G¢ner&l fund 265,864 624.569 890.433 TOTAL FUNDS 265,864 624,569 890,433 A cutrent Ye 12 months and prior year 12 months combined nel movcm¢nt in fund5, included in the ab)vc are 8s follow8,. Incoming resour¢es Rewur¢e8 expended Moveme tn fijnds lJnre¥tri¢¢ed fundl Gencral fijnd 5,789.074 (5,164,505) 624,569 Re$¢ricted Lirants to Isrea] . Ve*ran games 518,010 (518,010) TOTAL FUNDS 6,307,084 (3,682,515) 624,569 18. RELATED PARTY DISCLOSURES The charity received cash donktions during the ycar. Trustee$ Total 2024£ 180,000 2023£ 173.500 Page 19 continued...
Dctustgn Envelcpe ID: EB6B48Es6134Al4-g727-A4D36E4DS3C5 F.IT HAL HEM UK STOT tin J9. ULTJITE C.ONTROLLING PARTY As a ¢ompany limiied by guaraniee. the o)mpany is not under the (x)ntrol of any on¢ individual. All decision5 are taken by the Board ofDircctOTS who are the lrnstees of the company. Page 20
DO8[gn Envelope ID.. EB6848E(k561&4A14-9727.AAD36E4D53C5 BEIT HALOCHEM UK 11.ED TATEM 'riiE EAR AL Acri ED2 292.24 28.2.23 INCOME AND ENDOWMENTS DoTrtiong and le8cies- Unrestricted fundi Generd donation$- inc local events Gift aid tax recovery Annual fimdrdi5ing eamp&i8n IK8acy donations 2.557,587 192.939 ,432.444 45,898 ,301.014 134.000 4.051,540 1.612,341 Don•tloTrJ kgacie$- Restricted fuDdA- Cen¢vAI General donations- in¢ local events 125,000 DonA¢ioM and legacies - Restricted funds - Veternn 8mes Generul don&tionsw in¢ local even15 DeIS1t a¢count interest 518.010 146 47 47 518.156 Total incomln% rejfjurees 4.176.587 2,130.497 EXPENDITURE Rising dontionA and It¢1 Advertising And PR Cost of fundraisin8 Vl¢tivitie8 IL)c41 projects 52.670 175,683 94,097 105,309 243.983 74.274 322,450 423.566 Chrltabl¢ Aetivitlei Cirants to institutions 2,737,641 1,614,589 Support eo$lJ M8ngement Wages 196,707 201,070 Fioanee Bank tharges 69,501 6,752 Information techno108y Tclcphone 3,197 2,305 Oiher Rent InsuranLY Postage and stationery Sundries Motor and iravelling 19.200 76 5,230 9.310 7.007 15,950 1,316 7,085 5.583 8.617 40,823 38,551 Govern*Tr¢¢ eosts Auditors, rcmun¢ration AccouTJtoncy and legal fe¢s 6.000 ¥.320 4,500 6.543 14,320 11.043 Thi8 page does not forni part of the statutory financial statements Page21
DtsxSn Envelope ID: EB6B48E6134Al9727-AAD36E40S3C5 IT AILED STATEMENT ARY 29.2.24 28.2.23 Total resources expended 3,384,639 2.297.876 Ne¢ Ineomel(expendit¥r¢) 791,948 {167.379) This page does not forni part of the statutory financial statements Puge 22