Charity registration number 1151329
Company registration number 08216260 (England and Wales)
STANDWITHUS UK
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
STANDWITHUS UK
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mrs. Joy Wolfe MBE | |
|---|---|---|
| Mrs. Loretta Cash | ||
| Mr. Perry Leslie Cash | ||
| Lady Hazel Josephine Cosgrove | ||
| Mr David Edward Bloom | ||
| Mrs. Lana Saffrin Betesh | ||
| Mrs Rene Maxine Anisfeld | (Appointed 15 January 2023) | |
| Mr Neil Lyndon Marc Blair | ||
| Charity number | 1151329 | |
| Company number | 08216260 | |
| Registered office | 325-327 Oldfield Lane North | |
| Greenford | ||
| Middlesex | ||
| UB6 0FX | ||
| Independent examiner | Berish Hoffman FCA | |
| Landau Morley LLP | ||
| 325-327 Oldfield Lane North | ||
| Greenford | ||
| Middlesex | ||
| UB6 0FX | ||
| Bankers | Barclays Bank plc | |
| Leicester | ||
| LE87 2BB |
STANDWITHUS UK
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 - 15 |
STANDWITHUS UK
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2023
The trustees present their annual report and financial statements for the year ended 31 August 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The objectives of the charity are to promote the education of the general public, but in particular university students and young people, in such ways as the trustees think fit; particularly but not exclusively those on campuses of universities, institutions of higher or further education and in sixth forms at school: to counter antisemitism; educate about Israel, empower others to educate their communities, make it possible to have reasonable, informed conversations about Israel’s history, policies, and humanitarian aid on campuses and in communities around the world and to enable them to defend themselves against antisemitism and racism.
The charity aims to achieve its objectives through educational programmes, workshops conferences and social media in order to enhance understanding of the events and history of Israel and the Jewish people.
In May 2023, StandWithUs UK ran an online crowdfunding fundraiser of 72 hours. The funds raised during this campaign are intended to be utilised in the upcoming academic year, with the aim of expanding the organisation's staff, educational programmes, and outreach efforts towards both the Jewish community and the general public.
StandWithUs UK evaluates its impact by considering both in-person and social media reach. By investing in developing and improving our educational content and hiring additional professional staff, we anticipate a substantial increase in the numbers we reach in the following academic year.
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
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STANDWITHUS UK
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
Achievements and performance
Significant activities and achievements against objectives
The last financial year was a significant turning point for our charity. We inaugurated a new office and education centre in North London, expanded our staff, and launched a new Digital and Youth department. In terms of education, we introduced two new programmes for secondary schools and sixth forms, and a social media workshop conference for teenagers, aimed at tackling antisemitism and misinformation about Israel online. We were proud to establish the Blue & White Club for young professionals.
Start-Up is our Secondary School leadership programme for pupils in Year 10. It aims to produce a new generation of ambassadors in the entrepreneurial and creative Israeli spirit. In the first year of Startup, there was a cohort of 12 graduates selected from over 30 applicants for the cohort, split into two groups. Our work with various schools has grown exponentially, and we hope to strengthen these relationships further.
Explore is our second new programme we launched this year of interactive workshops for Sixth Formers that have been hosted in Jewish and non-Jewish schools, youth organisations and synagogues. In Explore, students explore the rich history, culture, and diversity of Israel through workshops, interactive seminars, and exceptional guest speakers. In the last year, Explore has been run in an increased number of locations, to over 3000 young people.
Swipe Up Rise Up conference is our annual one-of-a-kind conference for Sixth Formers, dedicated to combating antisemitism and misinformation about Israel, primarily on social media. The second edition of Swipe up Rise Up over 200 Sixth Formers,and we officially partnered with JFS, Yavneh College, Immanuel College, and JCoSS, as well as number of communal Organisations including Community Security Trust, Union of Jewish Students and Campaign Against Antisemitism.
We continued to strengthen our campus activities and Emerson Fellowship . Our flagship Campus network brings together university students from across the UK to empower them as future leaders. The Fellows received extensive training and mentorship, deepened their education and developed unique skillsets: critical thinking, public speaking, research, investigative journalism and digital marketing - all with the professional support of qualified StandWithUs staff. In March we will send our Emerson fellows to the international fellowship conference in Los Angeles.
We also launched our new and exciting initiative the Blue and White Club . The Club brings together Young Professionals from a diverse range of professions and personal backgrounds who share a passion for Israel. Networking and sharing the latest developments in entrepreneurship, tech, and innovation.
We continued our community involvement seeking to engage with Jewish and non-Jewish groups across the UK; to inspire and educate audiences about Israel, and to help mentor communities in their responses to antisemitism and Israel misinformation. We organise educational events across the country, with speakers from the UK, Israel and around the world.
In the next year, StandWithUs UK will continue to ensure that the story of Israel’s achievements and ongoing challenges is told in schools, on campuses and in Jewish and non-Jewish communities across the UK.
We believe that the work we do today, based on impartial and credible information will ensure support for Israel tomorrow.
Financial review
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Reserves policy
The charity held free reserves at the year end of £458,303 (2022: £588,013) following the annual raising events.
The trustees are of the opinion that this will enable StandWithUs to fund its expanded operations over the coming year.
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STANDWITHUS UK
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
Structure, governance and management
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 17th September 2012, as amended by a Written Resolution of the Members on 27th December 2013.
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
All trustees give of their time voluntarily and received no benefits from the charity.
The trustees in office during the year were: Mrs. Joy Wolfe MBE Mrs. Loretta Cash Mr. Perry Leslie Cash Lady Hazel Josephine Cosgrove Mr David Edward Bloom Mrs. Lana Saffrin Betesh Mrs Rene Maxine Anisfeld (Appointed 15 January 2023) Mr Neil Lyndon Marc Blair
Recruitment and appointment of trustees
Induction is carried out by discussion with existing trustees and training will depend on their previous knowledge and experience.
Organisational structure
The charity utilised the assistance of 10 volunteers throughout the year to provide support for events and educational activities.
Day-to-day operational decisions within the charity are delegated to the Executive Director. However, determinations related to the establishment of compensation and remuneration for key management personnel rest with the Trustees, who consider factors such as the prevailing economic conditions and the charity's performance in achieving its objectives.
While the charity maintains an affiliation with the global organisation StandWithUs, it functions as an autonomous entity. Collaboration between the charity and StandWithUs Global primarily revolves around educational content and programmes.
Small company provision
In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
The trustees' report was approved by the Board of Trustees.
Mr David Edward Bloom Trustee
30 May 2024
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STANDWITHUS UK
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STANDWITHUS UK
I report to the trustees on my examination of the financial statements of StandWithUs UK (the charity) for the year ended 31 August 2023.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Berish Hoffman FCA
Landau Morley LLP 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX
Dated: 30 May 2024
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STANDWITHUS UK
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
| Unrestricted Unrestricted Restricted funds funds funds 2023 2022 2022 Notes £ £ £ Income from: Donations and legacies 2 482,030 656,587 - Total income 482,030 656,587 - Expenditure on: Raising funds 3 9,435 - - Charitable activities 4 606,425 380,468 3,500 Total expenditure 615,860 380,468 3,500 Net income/(expenditure) and movement in funds (133,830) 276,119 (3,500) Reconciliation of funds: Fund balances at 1 September 2022 613,488 337,369 3,500 Fund balances at 31 August 2023 479,658 613,488 - |
Total 2022 £ 656,587 |
|---|---|
| 656,587 | |
| - 383,968 |
|
| 383,968 | |
| 272,619 340,869 |
|
| 613,488 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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STANDWITHUS UK
BALANCE SHEET
AS AT 31 AUGUST 2023
| Notes Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Net assets excluding pension liability The funds of the charity Unrestricted funds |
2023 £ 19,131 464,533 483,664 (24,836) |
£ 20,830 458,828 479,658 479,658 479,658 479,658 |
2022 £ 44,074 571,758 615,832 (27,819) |
£ 25,475 588,013 |
|---|---|---|---|---|
| 613,488 | ||||
| 613,488 | ||||
| 613,488 | ||||
| 613,488 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 30 May 2024
Mr David Edward Bloom
Trustee
Company registration number 08216260 (England and Wales)
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STANDWITHUS UK
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2023
| Notes Cash flows from operating activities Cash (absorbed by)/generated from operations 18 Investing activities Purchase of tangible fixed assets Net cash used in investing activities Net cash used in financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2023 £ £ (105,070) (2,155) (2,155) - (107,225) 571,758 464,533 |
2022 £ (31,844) |
£ 250,123 (31,844) - 218,279 353,479 571,758 |
|---|---|---|---|
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STANDWITHUS UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
1 Accounting policies
Charity information
StandWithUs UK is a private company limited by guarantee incorporated in England and Wales. The registered office is 325-327 Oldfield Lane North, Greenford, Middlesex, UB6 0FX.
1.1 Reporting period
During the year, the charity changed its reporting period end to 31 August 2022 to align its year end with the academic year. The comparative figures in the accounts represent the year ended 30 September 2021.
1.2 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.3 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.5 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.6 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
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STANDWITHUS UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
1 Accounting policies
(Continued)
1.7 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings and equipment 20% Straight Line Computer equipment 20% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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STANDWITHUS UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.13 Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Donations and gifts | 482,030 | 656,587 |
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STANDWITHUS UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
3 Raising funds
| Unrestricted funds 2023 £ Fundraising and publicity Fundraising event costs 9,435 9,435 |
Total 2022 £ - |
|---|---|
| - |
4 Charitable activities
| Staff costs Events, advertising and travel Consultancy fees Sundry expenses Share of support costs (see note 5) Share of governance costs (see note 5) Support costs Depreciation Office expenses Bank charges Legal and Professional fees Bookkeeping costs Accountancy fees Analysed between Charitable activities |
Support costs Governance costs £ £ 6,800 - 50,737 - 317 - 12,576 - 25,278 - - 4,750 95,708 4,750 95,708 4,750 |
2023 £ 336,037 135,109 34,821 - 505,967 95,708 4,750 606,425 2023 £ 6,800 50,737 317 12,576 25,278 4,750 100,458 100,458 |
2022 £ 201,038 74,518 37,167 532 |
|---|---|---|---|
| 313,255 66,883 3,830 |
|||
| 383,968 | |||
| 2022 £ 6,369 27,499 473 17,175 15,367 3,830 |
|||
| 70,713 | |||
| 70,713 |
5 Support costs
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STANDWITHUS UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
| 6 | Net movement in funds | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Depreciation of owned tangible fixed assets | 6,800 | 6,369 |
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries Social security costs Other pension costs |
2023 Number 7 2023 £ 299,108 26,972 9,957 336,037 |
2022 Number 6 |
|---|---|---|
| 2022 £ 183,833 14,341 2,864 |
||
| 201,038 |
The key management personnel of the charity comprise the Trustees and the UK Directors of Operations. The total employee benefits of the key management personnel of the Charity were £109,117 (2022: £85,538).
The number of employees whose annual remuneration was more than £60,000 is as follows:
| 2023 | 2022 | ||
|---|---|---|---|
| Number | Number | ||
| £60,001 | to £70,000 | - | 1 |
| £70,001 | to £80,000 | 1 | - |
9 Indpendent Examiner's Remuneration
The Independent Examiner's Remuneration amounts to an Independent Examination fee of £1,790 (2022: £1,600) and other services of £2,610 (2022: £2,230).
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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STANDWITHUS UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
| 11 Tangible fixed assets Fixtures, fittings and equipment Computer equipment £ £ Cost At 1 September 2022 17,153 14,691 Additions 991 1,164 At 31 August 2023 18,144 15,855 Depreciation and impairment At 1 September 2022 3,431 2,938 Depreciation charged in the year 3,629 3,171 At 31 August 2023 7,060 6,109 Carrying amount At 31 August 2023 11,084 9,746 At 31 August 2022 13,722 11,753 12 Debtors 2023 Amounts falling due within one year: £ Other debtors 12,618 Prepayments and accrued income 6,513 19,131 13 Creditors: amounts falling due within one year 2023 £ Other taxation and social security 8,729 Other creditors 7,993 Accruals and deferred income 8,114 24,836 14 Retirement benefit schemes 2023 Defined contribution schemes £ Charge to profit or loss in respect of defined contribution schemes 9,957 |
Total £ 31,844 2,155 |
|---|---|
| 33,999 | |
| 6,369 6,800 |
|
| 13,169 | |
| 20,830 | |
| 25,475 | |
| 2022 £ 27,643 16,431 |
|
| 44,074 | |
| 2022 £ 7,908 14,311 5,600 |
|
| 27,819 | |
| 2022 £ 2,864 |
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STANDWITHUS UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
14 Retirement benefit schemes
(Continued)
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 15 Analysis of net assets between funds
| Unrestricted | |
|---|---|
| funds | |
| 2023 | |
| £ | |
| At 31 August 2023: | |
| Tangible assets | 20,830 |
| Current assets/(liabilities) | 458,828 |
| 479,658 | |
| Unrestricted | |
| funds | |
| 2022 | |
| £ | |
| At 31 August 2022: | |
| Tangible assets | 25,475 |
| Current assets/(liabilities) | 588,013 |
| 613,488 |
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STANDWITHUS UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
16 Operating lease commitments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| Within one year Between two and five years |
2023 £ 20,000 51,167 71,167 |
2022 £ 18,000 71,167 |
|---|---|---|
| 89,167 |
17 Related party transactions
During the year, the charity received donations totalling £10,000 (2022: £15,000) from the Trustees.
| 18 Cash generated from operations 2023 £ (Deficit)/surpus for the year (133,830) Adjustments for: Depreciation and impairment of tangible fixed assets 6,800 Movements in working capital: Decrease/(increase) in debtors 24,943 (Decrease)/increase in creditors (2,983) Cash (absorbed by)/generated from operations (105,070) |
2022 £ 272,619 6,369 (43,255) 14,390 |
|---|---|
| 250,123 |
19 Analysis of changes in net funds
The charity had no material debt during the year.
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