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2023-03-31-accounts

UK FRIENDS OF AFIKIM

Trustees' report and financial statements for the year ended 31 March 2023

UK FRIENDS OF AFIKIM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Contents
Charity Information 2
Trustees Report 3-4
Independent examiner report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-9
Detailed Statement of Financial Activities 10

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

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UK FRIENDS OF AFIKIM REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees have pleasure in presenting their report and the financial statements of the charitable trust for the year ended 31 March 2023. 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 2023

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

31 January 2024

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UK FRIENDS OF AFIKIM

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

We report on the accounts of the charity for the year ended 31 March 2023 set out on pages 6 to 10.

Respective Responsibilities of Trustees and Independent Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Statement

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 the 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 matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

Js&Co Accountant Ltd 26 Theydon Road London E5 9NA

31[st] January 2024

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UK FRIENDS OF AFIKIM

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2023

Notes
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary Income
RESOURCES EXPENDED
Charitable activities
Supporting Afikim`s activities
Governance costs
Total resources expended
NET INCOMING/(OUTGOING)
RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
2023
Total Funds
£
£
£
46,933
0
46,933
46,933
0
46,933
37,270
0
37,270
674
0
674
37,944
0
37,944
8,989
0
8,989
16,387
0
16,387
25,376
0
25,376		 2022
Total Funds
£
53,411
53,411
80,188
654
80,842
-27,431
43,818
16,387

The Notes form part of the financial statements

Page 6

UK FRIENDS OF AFIKIM

Notes
£
£
CURRENT ASSETS:
Cash at bank and in hand
25,976
25,976
CREDITORS: amounts falling
due within one year
3
-600
Net Current assets/(liabilities)
25,376
NET CURRENT ASSETS:
25,376
FUNDS
4
Unrestricted funds
25,376
TOTAL FUNDS
25,376
BALANCE SHEET
31-Mar-23
2023		 £
£
16,963
16,963
-576
16,387
16,387
16,387
16,387
2022		 £
£
16,963
16,963
-576
16,387
16,387
16,387
16,387
2022
16,963
-576
16,387
16,387
16,387

The financial statements were approved by the board of Trustees on 31st January 2024 And signed on its behalf by:

M Margulies - Trustee

The Notes form part of these financial statements

Page 7

UK FRIENDS OF AFIKIM

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023

1 ACCOUNTING POLICIES

Accounting convention

These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.

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.

RELATED PARTY TRANSACTIONS

There was a £3,500 grant given to a relate party uk charity during the year

Page 8

UK FRIENDS OF AFIKIM

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2023

3 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DUE WITHIN ONE YEAR
Accruals
MOVEMENTS IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.04.22
£
16,387
16,387		 2023
£
600		 2022
£
576
600 576
Net movement
in funds
£
8,989		 At 31.03.23
£
25,376
8,989 25,376

4 MOVEMENTS IN FUNDS

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

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
46,933
46,933		 Rescources
expended
£
37,944		 Movement in
funds
£
8,989
37,944 8,989

Page 9

UK FRIENDS OF AFIKIM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2023

INCOMING RESOURCES
Voluntary Income
Grants & Donations:
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Printing, Postage and stationery
Telephone
Grants to institutions
Governance costs
Accountancy
Bank charges
Total resources expended
NET INCOME FOR THE YEAR
RECONCILIATION OF FUNDS
NET INCOME FOR YEAR
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted
Funds
Restricted
Funds
Total
Funds
2022
£
£
£
46,933
46,933
46,933
0
46,933
6,228
6,228
442
442
30,600
30,600
37,270
0
37,270
600
600
74
74
674
0
674
37,944
0
37,944
8,989
0
8,989
8,989
0
8,989
16,387
0
16,387
25,376
0
25,376		 2021
£
53,411
53,411
4,387
518
75,283
80,188
576
78
654
80,842
-27,431
-27,431
43,818
16,387

This page does not form part of the financial statment

Page 10