Registered number: 08323156
Charity number: 1151993
TIKVA UK
(A company limited by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
RPG Crouch Chapman LLP
Chartered Accountan15 & Statutory Auditor
40 Gracechurch Street
London
EC3V OBT
'AEtX2QCRL•
2211012025
COMPANIES HOUSE
A19
#33

TIKVA UK
IA company limited by guarantee)
CONTENTS
Page
Reference and admini5tratlve detalls of the Charity, Its Trustees and advlsers
Trustees, report
Trustees. responsibilities statement
Independent auditor5. report on the financial statements
Statement of financlal activities
8- 11
12
Balan¢e sheet
13
ststement of cash flows
14
Notes to the financial statements
15-24

TIKVA UK
(A company limited by guarantee}
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 310ECEMBER 2024
Trustees
Marius Barnett
Adam Bloom
Refael Kruskal
Dr Anthony Moshal
Company reglslered
number
08323156
Charity reglstered
number
1151993
Registered offlce
2nd Floor
L￿elIon House
London
N2 OEF
Chief executive officer
Karen Bodenstein
Independent audltors
RPGCC
Chartered Accountanl & Statutory Audilor
40 Gracechurch Slreel
London
EC3V OBT
Page 1

TIKVA UK
IA company Ilmltéd by guarant•o1
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the audited financial statements of the Tikva UK for the 1
January 2024 to 31 December 2024. The annual report serves the purposes of both a Truslees, report and a
directors, report under company law. The Trustees confirm that the annual report and financial statements of the
charitable company comply with the Current statutory requirements, the requirements of the chantable companrfs
governing document and the provisions of the Statement of Recommended Practice (SORP) applicable lo
charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required
ol mediurn and large cornpanies under th8 Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
ObJ•ctlves and acllvltl•s
Pollcles and objecllves
The charitable company is established for the general benefit ol Jewish children and young people being
educated at the Tikva children's homes and schools in Odessa in Ukraine, by the provision of financial and such
other exclusively charitable assistance as the Trustees in their absolute discretion consider appropriate.
Tikva provides a warm, compassionate home, essential social seniices and a quality education. Until recently
Tikva was committed lo revilalising the growing Jewish community in Odessa. However, in the wake of war. our
scope has broadened significantly. We've undertaken the monumental task of rescuing both children and elderly
individuals from the ravages of the conflict in Ukraln8, while simultaneously providing ongoing care for those left
behlnd. Our work also includes Ihe support of our refugees in Bucharest and the continued care of our alumni in
Israel. The future remains uncertain.
In selling objectives and planning lor activities, Ihe Trustees have given due consideration lo general guidance
published by the Charity Commission relatsng lo public benefit. including the guldance 'Public benefit.. njnning
charity IP821'.
b. Activities undortaken to achieve objectives
Tikva's core mission is to care for the homeless, abandoned and abused Jewish children of Ukraine and
neighbouring regions of the lormèr Soviet Union. By providing a wam, compassionate home. essential social
services and a quality education, while revilalising the growing Jewish community of Odessa. Additionally. Tikva
offers ils graduates the opportunity for a brighter future through university education in Odessa or immigration to
Israel, where Tikva continues its educational and 5UPPOrt seryice5.
The charity achiev85 Its objectives through ils grant making activity to Tikva Corp, a US charity based in New
York which directly support5 th8 Jewish community in Odessa. A detailed overview of the activities carried out
by Tikva Corp can be found on tikvaodessa.org.
c. Grant•maklng pollcles
The charity exclusively makes grants lo Tikva Corp. an associated US charity which shares the charilys objects
and for which Tikva UK is a fundraising ami.
d. Main activities undertaken to further the Charity's purposes for the public benefit
Through emergency appeals the chaflty 15 actively engaged in high profile general fundraising as well as
donations raised from individuals and corporations who all had previous involvemenl with the charity. many of
them Injslees or former beneficiaries. The charivs main activity to further it5 objective is the support of Tikva
Corp by means of grants.
Page 2

TIKVA UK
(A company Ilmited by guarantee)
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢hlev•m•nt$ and perfomian¢e
a. Key perfomiance indicators
The charity's main key perfomiance indicator is an immediate increase in its fundraising activities to ensure the
safe health and well being of the community in its exclusive care during Ihis terrible time while keeping its costs
at a low level.
b. Review of activities
The altached financial statements show the current stale of finances, which the Trustees consider lo be sound. 11
is intended that all funds generated will be donaled to Tikva Corp in the US which administers all operations in
Odessa.
The Trustees are in constant contact wrth the Tikva Odessa team, based in Romania, lo monitor their progress
and ascertain their financial requirem8nts, which the charity assists in meeting.
c. Fundralslng a¢tlvltles and Incom• g•n•ratlon
The charity is actively involved in fundraising activities either through regular donations froffl individuals and
corporations. Members of the public are only approached if the charity has had previous contact wilh them and
are registered on ils database (Raiserfs Edge), for which their prior agreement is required. Potential donors are
approathed by email, p05t or newsletter and are given the opportunity lo opt out from receiving any fundraising
communication from the charity.
During the year ended 31 December 2024 and through to September 2025, the charity did not receive any
complaints about ils fundraising activities and practices.
Financial review
a. Going concern
During the year, the charlty made 8 surplus of £172,01212023.' deficit of £179,366) and held funds of £368,907
12023.. £196,895). Incoming resources amounted to £5,732,286 12023.. £6,201,880), which represents grants
and donation. and outgoing resources amounted lo £5,560,274 {2023'. £6.381,2461, which comprise grants to
Tikva Corp, the company's sister charity in the United States, and associated fundraising and support costs
which are detailed in the notes lo the accounts.
All amounts represent general funds as the charity does not hold any restricted funds.
After making appropriate enqulries within the charity. the Trustees have a reasonable expectation that the
Charity has adequate resources lo continue in operalional existence for the foreseeable fulure. For this reason.
they continue to adopt the going concern basis in preparing the financial ststernents. Further details regarding
the adoption of the going concern basis can be found in the accounts'ng policies.
b. Reserves policy
The Trustees wnsider that sufficient, bul not excessive, reserves should be retained to meet the commitments
of Ihe charity. The trustees consider the main commitments lo be staff salaries and variable running cosls which
differ from month to month. For this reason. the tnjstees are of the opiriion that reserves should not lall below
£100.000.
Page 3

TIKVA UK
(A company Ilmlted by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
¢. Prin¢lpal rlsks and uncertalnll•$
The Trustees have assessed the principal risks to whith Tikva UK is exposed and are satisfied that systems are
in place to miligale our exposure to them,
The trustees consider the risks which the charily faces as straightforward and manageable due to the lack of
complexity involved in the running of the charity and its affairs.
d. Capital proj•¢ts
l our long lerm capital projects thal had been planned for the homes are now on hold. due to the
¢ir¢umslances described above.
Structure, governance and management
Constltutlon
Tikva UK is registered as a charitable company limited by guarantee and was set up by a Memoranduffl of
Association. The principal object of the company is to provide education for Jewish children and young people
through Tikva children's homes and schools in Odessa in the Ukraine.
b. Method• of appolntment or •l•ctlon of Trusloes
The management of the charity is the responsibility of the Trustees who are elected and co opted under the
terms ol the Articles ol Association. To be considered for the role of Iruslee, an individual will need lo have had
previous involvement with and knowledge of the chanty.
e. Organlsatlonal structure and d•clglon-maklng pollcl•s
The Charity has been carrying on the activities of The Brillsh Frlends of Tikva Odessa (Charity no. 1111996)
from May 2014 onward. The Truslees believe that Ihe merger of the two charities has been in the best interests
of the objects of both charltabl8 organisalions.
British Friends of Tikva Odessa was eslablished by a Trust Deed dated 23 May 2005. Tikva UK was regislered
with the Charity Commission under ihe number 1151993 on 13 May 2013. The Trustees confirm Ihal Ihey have
referred lo the guidance contained in the Charity Commissions general guidance on public benefit when
reviewng the Tmst's aims and objectives and in planning future activities and setting the grant rnaking policy for
the year.
d. Policies adopted for the induction and training of Trustees
The trustees are of the opinion that no speGific training or indicution procedures are necessary for new trustees
as only individuals with previous involvement wilh the charity are considered as tnjslees. The 5uilability for the
role of trustee is reviewed by the Board on an ongoing basis.
. Pay pollcy for key management personnel
The trustees of the charlty are considered to be key management personnel and are not remunerated for their
roles in this capacity. Other employed key management personnel receive a fixed salary, which is benchmarked
against salaries in similar organisalions in and around London and nationally. Key management remuneralion is
fixed by the Trustees. The Trustee board take the final decision on salary increases for all 51aff.
Page 4

TIKVA UK
{A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management Icontinuedl
f. Principal activities
Despite the enormous upheaval. the principal activity of the charity continues to focus on support, social. health
and education, of the Jewish commvnily from Odessa by way of grant making to Tikva Corp. There remains in
Odessa, despite the situation, a core Tikva team which continues its support lor the people who eilher chosen
not to.leave, cannot leave or need lo be found.
Background
Our Children
Identifying Children in Need
Our children come to Tikva as young as new boms and stay until they are at least 16 year5 of age, emotionally
and acadernically ready io be9in life in 15rael. or continue their studies at Tikva's University Program in Odessa.
These bright and inquisitive thildren flourish in our care. despite the fact that most arnve with medical,
psychological. developmental and social difficulties due lo their traumatic earfy experiences. Many of our thildren
also have siblings and cousins vtho are reunited in our homes. Tikva strives to ensure that each child's needs
are met so that he or she can develop into a fully functioning. self sufficient adult who is then able to become
contributing member of society.
Tikva has worked tirelessly since 1994 to locate Jewish children in need from the southern reglons of the fonner
Soviel Union. Tikva reaches 25 regions throughout Ukraine. six regions in Belarus and 2 regions in Moldova.
Tikva deal wllh three different types of'orphans,
Orphans
These chlldren do not have parents. They ara usually found In stale orphanages, separated from their brothers
anij sisters.
Social Orphans
These children may have parents andl or living adult relatives. but they are neglecfful and abusive caretakers.
The children often come lo Tikva after running away from home or being abandoned by a caretaker. Tikva
serves in effect as a permanent foster home for these children, assuming all custodial responsibilities. A weslem
stye or family based foster cafe system does not exist in Ukraine.
Extreme Poverty
These children have at least one parent or family member that would l•ke to take care of the child, but simply
cannot afford lo give the child the basic necessities needed for survival. These children often slay in contact with
their lamily even after arriving al Tikva, and continue to see them on weekends and holldays.
Tikva employs a full tim8 Staff member who is In charge of locating orphans and other chlldren in need. 'Need' is
defined by the same definition the Ukrainian government uses for admittance into State orphanage.
Intake process .
After the Child arrives at Ihe home. a doctor and a psychologist evaluate the child and a nurse and caretaker help
the child adjust to the horne and sthool. After admission, most children stay in the home until they are at least 16
years old (end of the 1 Olh grade).
Whilst the above background empirically explains the Tikva community and how it worked this work continues
despite the war and once members of the community. and children in particular, have been idents'fied
arrangements are rnade for evacuation to a safe haven
Page 5

TIKVA UK
(A company Ilmlted by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for future periods
The charity will continue wilh ils emergency efforts to bring in a steady revenue to support the evacualed
community. The Trustees will also continue working with many trusts and foundations and high net worth
individuals lo increase income from donations.
Memb•rg' Ilablllty
The Members ol the Charity guarantee to contribute 8n amount not exceeding £1 to the assets of the Charity in
the event ofwinding up.
Dlsclosure of Information to audltors
Each of the persons who are Trustees at the time when this Trustees. report is approved has confimied Ihat=
$0 far as that Trustee is aware, there is no relevant audil infomiation of which Ihe charitys auditors are
unaware, and
that Trustee has taken all the steps that ought to have been laken as a Trustee in order lo be aware of
any relevant audit infomation and to establish Ihal the charills auditors are aware of that infomiation.
Audltors
The auditors, RPGCC. have indicated their willingness lo continue in office. The designaled Trustees will
propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Adam Bloom
Trustee
Page 6

TIKVA UK
(A company limited by guarantee
STATEMENT OF TRUSTEES, RESPONS181LITIES
FOR THE YEAR ENDEO 31 DECEMBER 2024
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial Under company law, Ihe
Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the Charity and of its incoming resources and application of resources. including its income
and expenditure, for that period. In preparing these financial statements. the Trustees are required to:
select suitable accounting policies and then apply them consistently.,
obseNe the methods and principles of the Charities SORP IFRS 102).,
make iudgmenls and accounting estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards {FRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it Is inappropriate to pre5urne that the
Charity will continue in business.
The Truslees are responsible for keepin9 adequate accounting records that are sufficienl lo show and explain
Ihe Charilrfs transactions and disclose wilh reasonable accuracy al any lime the financial posilion of Ihe Charity
and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
sponsible lor saleguarding the assets of the Charity and hence lor taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by=
Adam Bloom
Trustee
Date..
Page 7

TIKVA UK
IA company Ilmited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF TIKVA UK
Opinion
We have audited the financial slalements of Tikva UK (the 'charitVI for the year ended 31 December 2024 which
comprise the statement of financial aclivilies, the balance sheet, the Statement of cash flows and the relaled
notes, including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial
Reporting Slan¢Yard 102 'The Financial Reporting Standard. applicable in the UK and Republic of Ireland. (Uniled
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial slalements..
give a true and fair view of the state of the charitable companls affairs as at 31 December 2024 and of its
incoming resources and application of resources, including its income and expenditure for the year then
ended,,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Pratlice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Ba$1$ for opinlon
We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs {UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of. the financial statements section of our report. We are independent of the charitable company in a¢¢ordance
with the eihical requirements that are relevant to our audit of the financial slatemenls in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other elhical
responsibilities in accordance with these requirements. We believe that the audlt evidence we have obtained is
sufficient and approprlale to provide a basis for our opinion.
Concluslons relating lo golng concern
In auditing Ihe financial statements, we have concluded that the Trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
nditions that, individually or collectively, may Ga51 significant doubl on the charitable companls ability to
continue as a going concern for a period of al least twelve months from when the financial slalernents are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respe¢l lo going concem are described in the
relevant sections of this repcrt.
n our evaluation of the directors. conclusions, we considered the risks a550ciated with the companls business
model, including the effects arising from macro-economic uncertainties such as COVID-19 and analysed how
those risks might affect the comp8nl5 financial re50urces or ability to continue operations over the penod of
twelve months from the dale when the financial slalements are authorised for issue. In accordance with the
above, we.have nothing to report in these respects.
However, as we cannot predict all future events or conditions and as subsequent events may result in outcomes
Ihat are inconsistent with judgements that were reasonable at the time they were made, the absence of
reference to a material uncertainty in this auditor's report is not a guarantee that the company will conts'nue in
operation.
Page 8

TIKVA UK
(A company Ilmlted by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF TIKVA UK (CONTINUED)
Other information
The other information comprises the infonnabon included in the annual report other than the financial slatements
and our auditors, report thereon. The Trustees are responsible for the other information contained within the
annual report. Our opinion on the financial 5talemenls does not cover the other information and. except lo the
extent otherwise explicitly slated in our report, we do not express any form of asstsrance conclusion thereon. Our
responsibility is to read the other information and. in doing so, consider whether the other informats'on is
materially inconsistent with the financial staternents or our knowledge obtained in the course of the audit, or
othenNise appears to be malerially misslaled. If V￿ identify such material inconsistencies or apparent materi81
misstatements, we are required lo determine whether this gives rise lo a material misstalemenl in the financial
staternenls themselves. If, based on the work we have performed, we conclude that there Is a material
misstalement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Capability ol the audlt to detect irregularilies including fraud
We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in
which it operates, and considered Ihe risk of acts by the company which were contrary to applicable laws and
gulations, including fraud. These included. but were not limited to. compliance with Companies Act 2006 and
FRS102.
We designed audit procedures lo respond to the risk. recognising that the risk of not detecting a material
misststement due lo fraud is higher than the risk of not detecting one resulllng from error, as Iraud may involve
deliberate conce81menl.
We locused on laws and regulallons that could give rise lo a malerlal misslalemenl in the financial slatemenls.
OUT tests included, bul were nol limited lo:
• agreement of the financi81 s181emenl disclosures to underlylng supporting documenlation:
enquiries of management..
review of minutes of board me81ings throughout the period., and
• obtaining an understanding of the control environmenl in monitoring compllance with laws and regulations.
There a￿ inherent limilalions in the audit procedures described above and the further removed noncompliance
with laws and regulations is from the events and Iransactions reflected in the financial statements, the less likely
we would become aware of it. We also addressed the risk of management override of intemal controls, including
testing journals and evaluating whether there was evidence of bias by the directors that represenled a risk of
malerial misslalemenl due lo fraud.
Oplnlon on other matt•rs prescrlb•d by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees. report for the financial year for which the financial statements are
prepared is consistent with the financial stalemenls.
the Trustees. report has been prepared in accordance with applicable legal requirements.
Page 9

TIKVA UK
(A company limited by guarantee
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF TIKVA UK (CONTINUED)
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, report.
We have nothing to report in respect of the following matters in relation lo which Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or Teturns adequate for our audit have nol been
recelved from branches not visited by us., or
the financial stslements are not in agreement with the accounting records and returns. or
certain disclosures of Trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit. or
the Trustees were not enliued to prepare Ihe financial statements in accordan￿ wilh Ihe small companies
regime and take advantage ol the small companies, exemptions in preparing the Trustees. report and
from the requirement to prepare a Strategic report.
R•sponslbllllles of tru8lees
As explained more fully in the iruslees, responsibilities slalemenl. the Trustees {who are also the directors ol the
charitable company for the purpose5 of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view. and for such internal ¢ontrol as the
Trustees detèrmine is necessary lo enable the preparation of financial statements that ar8 free from material
misstatefflent, whether due to fraud or error.
In preparing the financial statements. the Trustees are responsible for assessing the charitable companls ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operalions, or have no realists'c altemative but to do so.
Audltors, r•sponslbllltlos for the audlt of lh• flnanclal statem•nt$
Our objectives are lo oblain reasonable assurance about whether the financial statements as a whole are free
from material mlsstatement, whether due lo fraud or error, and lo issue an auditors. report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when il exists. Mi55tatements can arise
from fraud or error and are considered material If, individually or in the aggregate, they could reasonably be
expected to influence the eGonomic decisions of users taken on the basis of these financial Statements.
Irregularities, including fraud, are instances of non-compliance wth laws and regulalions. We design procedures
in line with our responsibilities, outlined above, lo detect material misslalemenls in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed in the relevant paragraph above.
A further description of our responsibilities for the audit of the financial statements is locatèd on the Financial
Reporting Council's website at.. ￿v￿.frc.0r
.uklauditorsres
onsibililies. This description forms part ol our
auditors, report.
Page 10

TIKVA UK
(A company1Smlt6d by guaranlee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF TIKVA UK {CONTINUEDI
Use of our report
This report is made solely lo the charilable companvs members. as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable
companvs members Ih05e matters we are required to state to them in an auditors, report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charitable company and its members. as a body, for our audit work, for this report, or for the opinions v
have formed.
Jerem
11 BA (Hons) FCA (s•nlor statutory audltor)
for and on behalf of
RPGCC
Chartered Accountant & Stalulory Auditor
40 Gracechurch Street
London
EC3V OBT
DAI8'.
21/,-1,
Page11

TIKVA UK
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 310ECEMBER 2024
Unrestrlctad
funds
2024
Total
funds
2024
Tolal
funds
2023
Note
Income from:
Donations and legacies
5,732,286
5,732,286
6,201.880
Total Income
5,732,286
5,732,286
6,207.880
Expenditure on:
Raising funds
Charitable activities
287,373
5,272,901
287,373
5,272,901
280,399
6, 100,847
Total expendlture
5,560,274
5,560,274
6.387,246
Net movement in funds
172,012
172,012
(179,366)
R•¢onclliatlon of funds:
Total funds brought fO￿ard
Net movement in funds
196,895
172,012
196,895
172,012
376,261
(179,366)
Total funds ¢arrl•d forward
368,907
368,907
796.895
The Statement of financial activities includes all gains and losses recognised In the year.
The notes on pages 1510 24 fomi part of these financial slalemenls.
Page 12

TIKVA UK
(A company Ilmlted by guarantee)
REGISTERED NUMBER: 08323156
BALANCE SHEET
AS AT 310ECEMBER 2024
2024
2Q23
Note
Current a88ets
Oeblors
Cash al bank and in hand
12
235.181
154,121
132,291
75, 760
389,302
208,051
Creditors.. arnounts falling due within one
year
13
(20,3951
(11, 156)
Not current assot•
368,9D7
196,895
Total assets less current liabilities
368,907
196.895
Total n•t assets
368,907
196,895
Charlty funds
Restricted funds
Unrestricted funds
368,907
196,895
Tolal funds
368,907
196,895
The Trustees acknowledge their responsibilities for complying with the requirements of the Acl wlth respect lo
a¢¢ounting records and preparatlon of financial slalemenls.
The financial slatements have been prepared in accordance with the provisions applicable to enllties subject lo
the small Gornpanies ragime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Adam Bloom
Date..
1711- (2r
The notes on pages 1510 24 fomi part of these financial statements.
Page 13

. TIKVA UK
(A ¢ompany limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Cash flows from operating activitie$
Net cash used in operating activities
78,361
(14.070)
Cash flows from investing actlvllies
Net cash provided by Investing activities
Cash flows from Ilnanclng actlvllles
Not cash provlded by financlng actlvlll•s
Change In cash and cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
78,361
(14.070)
89,830
75,760
Cash and cash equivalents at the end of the year
154,121
75. 760
The notes on pages 1510 24 fomi part of these financial statements
Page 14

TIKVA UK
IA company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2024
General information
The charity is a company limited by gu8rantee registered in England and Wales, company number
08323156. Its registered office address is 2 Lyttellon Road, Londdon, N2 OEF, which is also ils principal
place of operation.
The principal activity of the charity continued to be that of Pfomoting the educats'on and wellbeing of Jewish
children and adolescents in Odessa (Ukraine).
The members of the company are the trustees named on page 1. In the event of the charity being wound
up, the liability in respect of the guarantee is limited to £10 per memeber of the charity.
The financial slalemenls have been prepared In GBP and all amounts have been Tound8d lo the nearest
A¢eounllng polleles
2.1 Basis of preparatlon of financial statemenls
The financial statements have been prepared in accordance with the Charities SORP (FRS 1021
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charilies
preparing thelr accounts in accordanc8 wilh the Financial Reporting Standard. applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable In the UK and Republic of Ireland (FRS 1021 and the Companies Ad 2006.
Tikva UK meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unles5 otherwise staled in the relevant
accounting policy.
2.2 Golng concern
Based on their assessment of the charitvs finances and general circumstances. the Iruslees are of
the opinion that the ch8rily is a going concern for at least 12 months following the dale on which the
balance sheet was signed. The majority of the ¢haritrfs outgoing resources are grants paid lo the
sister charity, Tikva Corp. which is based in Ihe USA. The level of these grants is flexible and can be
adjusted to the level of incoming resources received by the charity.
2.3 In¢om•
All income is recognised once the Charity has entitlement to the income. il is probable that the
income will be received and Ihe amount of income receivable can bg measured reliably,
Income lax recoverable in relation to donations received under Gift Aid or deeds ol covenanl is
recognised al the time of the donation.
Page 15

TIKVA UK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Ac¢ounlSng poll¢le8 Iconllnuedl
2.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefrt
lo a Ihird party, it is probable that a transfer of economic benefits will be required in settlement and
Ihe amount of the obligalion can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs. including suppori costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared ¢osls which conlribule to more than one activity and support costs which a
not attributable lo a single activity are apportioned between those activities on a basis consistent with
the use of resources. Cenlral staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising lunds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fundraising activilies events and non-charilable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Cttariijls objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions whith have not been met at the year end are noted as a
commitment. bul not accrued as expenditure.
All expenditure Is inclusive of irrecoverable VAT.
2.5 O•btors
Trade and other debtors are recognised at the selllement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-tem highly liquid investments with a short malurity
of three months or les5 from the date of acquisilion or opening of the deposit or similar account.
2.7 Llabllltle$ and provlslons
Liabilities are recognised when there is an obligab'on at the balance sheet date as a r8suIt of a past
event. it is probable that a transfer of economic benefit will be required in setllement, and the amount
of the $8lllemenl Can be eslimaled reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay lo settle the debt or the
amount il has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate ol the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
arnounts, discounted at Ihe pre-tax discount rale that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the statement of financial activities as a finance cosl.
Page 16

TIKVA UK
(A company limited by guaranté•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcSes (continued)
2.8 Flnanclal Instruments
The Charity only has financial assets and financSal liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al Iransaclion value and subsequently
measure(J at their settlement value with Ihe exception of bank loans which are subsequently
measured at amortised cost using the effective interest melhod.
2.9 Fund accountlng
General funds are unrestricted funds which are available for use at the discr81ion of the Trustees in
furtherance of the general objectives of the Charlty and which have not been designated for other
purposes. The charity only has general. unrestricted funds.
Crlllcal a¢eounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors. including expectations of future events that are believed lo be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The Charity makes estimates and assumptions concernlng the future. The resulting accounting estimales
and assumptions will, by definition, seldom equal the re181ed actual results. However. the trustees are of
Ihe opinion that there are no estimates and assumptions that have a significant risk of causing a material
adjustment lo the carr￿ng amounts of assets and liabilities within the next financial yeaT.
Income from donations and legacles
Unrestrlcled
funds
2024
Total
funds
2024
Donalions
5,732.286
5,732.286
Unreslricled
funds
2023
Total
funds
2023
Donations
6,207.880
6.201,880
Page 17

TIKVA UK
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendilure on ra5slng lunds
Costs of raislng voluntary income
Unrestrtcled
funds
2024
Total
funds
2024
Direct fundraising costs
AllorAted centrally incurred fundraising and governan￿ Costs
181.385
105.988
181,385
105.988
287.373
287,373
Unrestricted
funds
2023
Total
fvnds
2023
Direct fundralslng costs
Allocated centrally incurred fundraising and govemance costs
174,289
706.110
174,289
106,170
280,399
280,399
Page 18

TIKVA UK
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analys1$ of grants
Grants to
Institutions
2024
Total
funds
2024
Tikva Corp
4,848,942
4,848,942
Grants to
Institutions
2023
Total
funds
2023
Tikva Corp
5, 795, 760
5, 795, 760
Analysis of expendlture on charltable actlvltles
Sumfflary by fund type
Unrestrlcted
funds
2024
Total
2024
Support of the Jewish Populalion in Ukraine
5,272,901
5,272,901
Unreslricted
funds
2023
Total
2023
Support of the Jewish Population in Ukraine
6, 100,847
6, 100.847
Page 19

TIKVA UK
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2024
Analysls of expendlture by actlvStles
Grant
funding of
activities
Support
costs
2024
Total
funds
2024
2024
Support of the Jewish Population in Ukraine
4,848,942
423,959
5.272.901
Grant
funding ol
activitl8s
2023
Support
cosls
2023
Total
ftinds
2023
Support of the Jewish Populatlon in Ukraine
5, 795, 760
305, 087
6. 100,847
Page 20

TIKVA UK
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by actlvltles (continued)
Analys15 of support costs
Total
funds
2024
Total
runds
2023
Staff costs
Computer & Software
Audit Fee
Rent
Equipment Hire
Subscriptions
Travelling
Recrultmenl Expenses
Bank & Card Processing Charges
Advertising
Other staff related expenditure
Sundry
Exchange Rale Variances
Postage & Carriage
Telephone & Fax
Insurance
Professional Fees
212,980
15,026
4,536
46,081
149,637
14,702
3,528
46,080
245
637
6,398
6, 720
3. 134
53,003
70,059
4,541
(43)
1.418
2,421
2,408
209
9,694
1,474
5.992
5,647
66,133
8.267
24,714
1,555
933
2,441
18,486
423,959
305,087
Auditors. remuneratson
2024
2023
Fees payable lo the Charitys auditor for the audit of the ChariV5 annual
accounts
5,280
5,040
Page 21