## **UK FRIENDS OF AFIKIM** 

**Trustees' report and financial statements for the year ended 31 March 2021** 



## UK FRIENDS OF AFIKIM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 

## Contents 

|Charity Information|2|
|---|---|
|Trustees Report|3-4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Accounts|7-8|
|Detailed Statement of Financial Activities|9|





## UK FRIENDS OF AFIKIM 

## CHARITY INFORMATION 

|Trustees|M Margulies|
|---|---|
||C Margulies|
||E Schwarcz|
|Charity Address|66 Cranwich Road|
||London|
||N16 5JF|
|Charity Number|1147959|
|Accountants|JS&Co Accountants Ltd|
||26 Theydon Road|
||London|
||E5 9NA|
|Bankers|HSBC Bank Plc|



2 



UK FRIENDS OF AFIKIM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 

The trustees have pleasure in presenting their report and the financial statements of the charitable trust for the year ended 31 March 2021. The trustees have 

adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005 in preparing the financial statements of the Charity. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The Charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. 

## **Risk Management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objectives of the charity are the advancement and furtherance of the Jewish religion and Jewish religious education and the alleviation of poverty amongst the Jewish community throughout the world. 

During this era of social complexity, Israeli society is faced with a troubling situation: the increasing number of children at-risk.  At present, 330,000 Israeli children are classified as “at-risk” and live in a daily state of crisis. The parental functioning in these families is generally deficient due to a difficult economic situation, unemployment, emotional or physical abuse and more. This lack of family support, in addition to living in poverty, diminishes the chances of children at-risk to escape the cycle of distress that envelops them. 

In 2007, the **AFIKIM** Association, rose to the challenge and developed a unique intervention program.  The focus of the **AFIKIM** program is on children and their families. Our aim is to provide children at-risk with their immediate needs while integrating them into a long-term program geared towards excellence in education, values and character. This is achieved through learning enrichment and character development while simultaneously integrating their parents into the **AFIKIM** Center for Parental Empowerment. Working with the family as a unit strengthens the family’s stability and is the secret to advancing the child. 

**AFIKIM** After-School Educational Centers provide a positive year-round framework (incl. school vacations). Children join in 3[rd] grade and remain in the program through the 8[th] grade when they are better equipped for high school and their future. Daily, they receive lunch and supper, study Hebrew, math, English and lessons in life skills and values. Classes are delivered by professional teachers in small groups of 10. Each child also participates in extra-curricular activities, as well as a weekly computer course. Most significantly, the **AFIKIM** staff is in regular contact with the children's teachers to individualize the program as needed. 

To ensure a secure future for each child, their parents are integrated into the **AFIKIM** Parental Empowerment Centers where they develop skills for managing their homes and families, while enhancing their vocational skills. Activities are moderated by a professional facilitator and courses are administered by licensed teachers. This program helps the beleaguered parents cope with the challenging demands of parenting and of life. 

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UK FRIENDS OF AFIKIM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 

The **AFIKIM** Association presently operates a network of after-school centres in Jerusalem, Kiryat Malachi, Lod and Kiryat Shmona. The unique program is built on the conviction that supportive frameworks both at home and at school assist children emotionally and academically, allowing them to grow and advance. 

The Uk Friends of Afikim also supports the poor and children at risk in the UK. We have recently increased our activities in this area thanks to the restricted grant received. 

**AFIKIM's** integrated program is unique in a variety of ways: 

 **In-depth work:** Children are members of the center for six consecutive as opposed to the one-year programs of other after-school centers. 

 **Parental involvement:** Parents are members of the Center for Parental Empowerment for six years in order to rehabilitate the family unit. 

 **Academic excellence:** The teaching staff is comprised of professional teachers, rather than volunteers, and follows a Ministry of Education curriculum to advance required learning material. 

 **Focus on values and good character:** The center promotes ethical behavior and Jewish values in a daily values education program. 

 **Continuous programming:** Activities take place throughout the year including holidays and school vacations. 

 **Extracurricular activities:** The children are integrated into specialized workshops according to their personal choice and talent. 

 **Computers program:** The children (and parents) participate in computer courses order to bridge the digital gap. 

 **Cooperation with schools:** AFIKIM staff works closely with the children's teachers to monitor and advance the child's progress. 

## **FINANCIAL REVIEW** 

## **Reserves policy** 

It is the policy of the charity to maintain unrestricted funds, which are the free reserve of the charity, at a level which the trustees 

think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year. 

ON BEHALF OF THE BOARD: 

M Margulies – Trustee 

> 4 January 2022 

4 



## UK FRIENDS OF AFIKIM 

## STATEMENT OF FINANCIAL ACTIVITIES 

for the year ended 31 March 2021 

|Notes<br>INCOMING RESOURCES<br>Incoming resources from generated funds<br>Voluntary Income<br>RESOURCES EXPENDED<br>Charitable activities<br>Supporting Afikim`s activities<br>Governance costs<br>Total resources expended<br>NET INCOMING/(OUTGOING)<br>RESOURCES<br>RECONCILIATION OF FUNDS<br>Total funds brought forward<br>TOTAL FUNDS CARRIED FORWARD|Unrestricted<br>Restricted<br>2021<br>Total Funds<br>£<br>£<br>£<br>66,979<br>0<br>66,979<br>66,979<br>0<br>66,979<br>23,070<br>0<br>23,070<br>629<br>0<br>629<br>23,699<br>0<br>23,699<br>43,280<br>0<br>43,280<br>538<br>0<br>538<br>43,818<br>0<br>43,818|2020<br>Total Funds<br>£<br>54,059|
|---|---|---|
|||54,059<br>60,497<br>715|
|||61,212<br>-7,153<br>7,691|
|||538|



The Notes form part of the financial statements 

Page 5 



## UK FRIENDS OF AFIKIM 

|Notes<br>£<br>£<br>CURRENT ASSETS:<br>Cash at bank and in hand<br>44,358<br>44,358<br>CREDITORS: amounts falling<br>due within one year<br>3<br>-540<br>Net Current assets/(liabilities)<br>43,818<br>NET CURRENT ASSETS:<br>43,818<br>FUNDS<br>4<br>Restricted funds<br>0<br>Unrestricted funds<br>43,818<br>TOTAL FUNDS<br>43,818<br>BALANCE SHEET<br>31-Mar-21<br>2021|£<br>£<br>1,077<br>1,077<br>-539<br>538<br>538<br>0<br>538<br>538<br>2020|£<br>£<br>1,077<br>1,077<br>-539<br>538<br>538<br>0<br>538<br>538<br>2020|
|---|---|---|
||1,077<br>-539||
||||
|||538|
|||0<br>538|
|||538|



The financial statements were approved by the board of Trustees on 4th January 2022 And signed on its behalf by: 

M Margulies - Trustee 

The Notes form part of these financial statements 

Page 6 



## UK FRIENDS OF AFIKIM 

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2021 

## 1 ACCOUNTING POLICIES 

## Accounting convention 

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2007), the charities Act 1993 and the requierments of the Statement of Recommended Practice Accounting and Reporting by Charities 

## Incoming resources 

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. 

## Resources expended 

Expenditure is accounted for on accurals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consitent with the use of resources 

## Taxation 

The Charity is exempt from tax on its charitable activities. 

## Fund accounting 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

## 2 TRUSTEES REMUNERATION AND BENEFITS 

No trustee received remuneration, allowance for or reimbursement of expenses. 

Page 7 



## UK FRIENDS OF AFIKIM 

## NOTES TO THE FINANCIAL STATEMENTS 

for the year ended 31 March 2021 

## 3 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 

|3<br>CREDITORS: AMOUNTS FALLING<br>DUE WITHIN ONE YEAR||||
|---|---|---|---|
|Accruals<br>4<br>MOVEMENTS IN FUNDS<br>Restricted funds<br>General fund<br>Unrestricted funds<br>General fund<br>TOTAL FUNDS|At 1.04.20<br>£<br>0<br>538<br>538|2021<br>£<br>540|2020<br>£<br>539|
|||540|539|
|||Net movement<br>in funds<br>£<br>0|At 31.03.21<br>£<br>0|
|||43,280|43,818|
|||43,280|43,818|



Net movement in funds, included in the above are as follows: 

|Restricted funds<br>General fund<br>Unrestricted funds<br>General fund<br>TOTAL FUNDS|Incoming<br>resources<br>£<br>0<br>66,979<br>66,979|Rescources<br>expended<br>£<br>0<br>23,699|Movement in<br>funds<br>£<br>0<br>43,280|
|---|---|---|---|
|||23,699|43,280|



Page 8 



## UK FRIENDS OF AFIKIM 

```
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 March 2021
```

|INCOMING RESOURCES<br>Voluntary Income<br>`Grants & Donations:`<br>Total incoming resources<br>RESOURCES EXPENDED<br>Charitable activities<br>`Printing, Postage and stationery`<br>`Telephone`<br>`Activities`<br>`Rent`<br>`Grants to institutions`<br>Governance costs<br>`Accountancy`<br>`Bank charges`<br>`Total resources expended`<br>NET INCOME FOR THE YEAR<br>RECONCILIATION OF FUNDS<br>`NET INCOME FOR YEAR`<br>`Total Funds Brought Forward`<br>`Total Funds Carried Forward`|Unrestricted<br>Funds<br>Restricted<br>Funds<br>Total<br>Funds<br>2021<br>`£`<br>`£`<br>`£`<br>`66,979`<br>`66,979`<br>`66,979`<br>`0`<br>`66,979`<br>`2,957`<br>`2,957`<br>`495`<br>`495`<br>`0`<br>`0`<br>`0`<br>`0`<br>`19,618`<br>`19,618`<br>`23,070`<br>`0`<br>`23,070`<br>`540`<br>`540`<br>`89`<br>`89`<br>`629`<br>`0`<br>`629`<br>`23,699`<br>`0`<br>`23,699`<br>43,280<br>0<br>43,280<br>`43,280`<br>`0`<br>`43,280`<br>`538`<br>`0`<br>`538`<br>`43,818`<br>`0`<br>`43,818`|`2020`<br>`£`<br>`54,059`|
|---|---|---|
|||`54,059`<br>`3,078`<br>`571`<br>`3,075`<br>`4,500`<br>`49,273`|
|||`60,497`<br>`540`<br>`175`|
|||`715`<br>`61,212`|
|||-7,153|
|||`-7,153`<br>`7,691`|
|||`538`|



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