Charity règistration numbèr 1169041 UKLFI CHARITABLE TRUST CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
UKLFI CHARITABLE TRUST CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees H Rosc A Melkman M Polonsky S Storring J Sher A Levy (Appointed 2 October 20221 Charlty number 1169041 Principal address 30 City Road London EC1Y 2AB Independent examlner Gravita ABG LLP 30 City Road London ECIY 2A8
UKLFI CHARITABLE TRUST CIO CONTENTS Page Trustees, repon Indepèndént èxaminÈ¢s rèport Statement of financial actwities Statement of financial posits.on Notes to tha financial statemonts 7-13
UKLFI CHARITABLE TRUST CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees present their report and financial statements for the year ended 31 December 2022. The trustees have gdopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" IFRS 1021 in preparing the annual report and financial stalem¢nls of the charity. Legal and administrative information set out at the front of these finanaal statements form part of this report. The financial slalements have been prepared in accordance with the accounting policies sel out in note 110 the financial statements and comply with the charity's governing document dated 5 September 2016, the Charities Act 2011 and 'Accounts'ng 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 IFRS 10211offective 1 January 20191.. Objectives and activities The charity s object5 are". to advan legal education in national and inlemalional political, social and economic policy regarding.. lil the Stste of Israel and., lill the causes and effects of antisemitism, partieularfy antisemitism which manrfests itself wtth regard to the Slate of Israel, for the public benefit including. without limitation, through Organising legal training Thè stxging of lègxl lècturès 8nd The promtion of legal research and the publication of its useful results lo promote racial harmony for the public benefit by the elimination of anli-semitism. particularfy anti- semilism which manifests itself with regard lo the Slate of Israel by lil providing legal support lo victims of anlisemitism., lill helping such victims by providing advice, adv0¢Y. care, relief and assistsnce and,. liiil fostering relations among lawyers for the purpose of providing such legal support and help. The irubteeb hilve Ptaid due reydrd Io guidtince ibSUEd by the Charity Commi55ion in decidiny whdt ticlivilies IhE charity shoLJld undertake.
UKLFI CHARITABLE TRUST CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 A¢hievements and perfomian¢e A major area of the charity's work during 2022 has been assisting students facing anlisemilism, particularfy antisemitism manifesting itself with regard to Israel. Activities included advising, 8SS15ting and representing individual students and student societs'es, working with Universities to prevent antisemitism, and providing educational materials on our website, relevant to addressing anlisemilism. The charity has also helped other victims of antisemitism by providing legal support, advice, adVacY and assistan lo victims of anlisernilism. Many of these actions have been made possible through fostering relations among lawyers, in parti¢ular through regular communications with lawyers interested in addressing these issues and through educational events. Educational events inclLJded lectures on a variety of subjects related to legal issues regarding Ihe State of Israel and l or anlisemitism. As a result of Covid, we liave contiiiued to host the talks onliiie as webinars. Tlie subjects included.. Institutional Investors, Israel Boycotts, and American Law, Moving the British Embassy lo Jerusalem. The Trojan Bourse. The Ben & Jerry's Saga, League of Nations Mandate Centenary, Deir Yassin.. A Question ol Evidence, The Alleged Attack on Al Aq5a, Iran and the Balance of Power in the Middle East, The UN'S Pillay Commission, Ukraine, Israel, Mediation and Double Standards, UN Human Rights Systems, The IHRA Definition, Amnesty International's lalest attack on Israel, Environmental Terrorism and Zionism, Palestinian Nationalism and the Law 1939-1948. The webinars attracted significant audiences from all over the UK and elsewhere in the wodd. Videos of these webinars have been posted on the charity's YouTube channel, where they have continued to attract many further viewings. Thé tharity tontinuèd to add and update its webslté èducational rèsourcés. The Ghaiity Gontinued to shale resources with UKLFI Limited, a noTrprofit company limited by guarantee. Th Trustees Consider that the charity benefited significantly from ils latIonShIp with UKLFI Limited and are satisfied that the arrangements between the charty and UKLFI Limited properly address any conflicts of interest. Financial rèviÈw The charity's income of £105,28212021 £70.6111 was mainly made up of donations received. The charity did not charge for its webinars, so no entrance fees were generated from the webinars, although some donations were reiVed from Ihose attending. The annLJ81 èxpenditure amountèd to £87.81912021 £42.371). A5 at 31 December 2022 UKLFI Charitable Trust Gariied forward unrestricted general fund5 of £59.233 12021.. £41.7701. In line with the recommendations of the Charity Commission, the trustees have formally adopted a serveS policy. This recognises that the income of the Tmsl does not arise evenly year on year and so to enable the Trust to plan its activities it is prudent lo hold reserves. It is the w)licy of the charity that unreslricled funds which have not been designated for a specrfic use should be maintained al a level equivalent lo al least six months, expenditu. The Iruslees consider that serveS al this level will eribuie Ili¢il, iii itrie Everil ul ¢1 siyriifiLdllt drup iii luiidiiig, Iliey will be dble lu Luiitiriue Ilie Lli¢irily'ts current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Thè trusteès have assèssed the major risks to which the Charity is exposed. and arè satisfied that systems 8re in place to mitigate exposure to the major risks. Taxation The fund is a charity and is recognised as such by the Inland Revenue for taxation purw)ses. As a result there is no liability to taxation on any of its income.
UKLFI CHARfTABLE TRUST CIO TRUSTEE* REPORT (CONTINUED) FOR THE YEAR EhTDE0 31 DECEMBER 2022 c(mIss• tharty numtw 1161 A L•wln IRwnod 15 D•Lwthr 2022 Pojllnpky ALWY
UKLFI CHARITABLE TRUST CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UKLFI CHARITABLE TRUST CIO I report to the Iruslees on my examination of the financial statements of UKLFI Charitable Trust CIO Ilhe charilyl for the year ended 31 December 2022. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordan with the requirernents of the Charities Act 2011 (the 2011 Act). I report in respect of my exarnination of the charity's financial slalements carried out under sedion 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commiswon under section 14515llbl of the 2011 Act. Indendent examlnerf$ stalem•nt Your attention is drawn to the faGt that the charity has prepared the aco)unts (financial statemenisl in accordance with Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 in preferen¢e lo the Accounting and Reporting by Charities.. Statement of Recommended Practice Issued on 1 April 2005 which is referred lo in the exlanl regulations bul has since been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Apted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have corne lo my attention in connection with the examination giving me Cause io believe ihat In any maierial respect.. accounting records were not kept in respect of the chanty as required by section 13D of the 2011 Act- or th8 financial stat8m8nts do not accord with thos8 r8cord8' or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have iio Concerns and have come across no other niatters in GonneGtion with Ihe examinatioii to whiGh attention should be drawn in this report in order to enable a proper understanding of the financial slalements lo be reached. Sarah Wilson FCA for and behalf of Gravita ABG LLP Chartered Accounlanls 30 City Road London EC1Y2AB 41812023
UKLFI CHARITABLE TRUST CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Restricted funds funds 2022 2022 Total Unrestricted Restricted funds funds 2021 2021 Total 2022 2021 Notes Income from: Donations and legacies Other trading activities 95,282 10,000 105,282 60.432 179 10,000 70,432 179 Totsl income 95,282 10,000 105,282 60,611 10,000 70,611 Charitable aclivilies 77,819 10,000 87,819 32.371 10,000 42,371 Net income for the yearl Net movement in fund5 17,463 17,463 28,240 28,240 Fund baltsn at 1 January 2022 41,770 546 42,316 13.530 546 14.076 Fund balances at 31 Decernber 2022 59,233 546 59,779 41.770 546 42.316 Th8 Stat8m8nt of financial activit18s includ8s all gains and Ioss8s reco9ni88d in th8 y88r. All income and expenditure derive from continuing aclivilies.
UKLFI CHARrrA8LE TRUST CIO STATEMENT OF FINANCIAL posmoN AS AT 31 DECEAI8ER 2022 2021 3,171 1,783 3,016 44*7 47,X3 on• ymr 14.175) IS. 42.316 Restncl•J luThJ8 59.7JJ 41,770 42,316 H Role Tnwl••
UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 A¢¢ounting policies Charity information UKLFI Charitablè Trust CIO is a Charitablè Incorporat Oro8nisation. rÈoistérÈd in Enol8nd_ The Charity Registration number is 1169041. 1.1 Accounting convention The financial slalements have been prepad in accordance with the charity's Igoverning documentl, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Chariti¢s SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financ1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. leffective 1 January 20191. The charity ts a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charilies applying FRS 102 Update Bullp.tin 1 not to prp.pare a Statpmpnt of Cash FI(8. The financial statements have departed from the Charities (Accounts and RetK>rtsl Regulations 2(K18 only to the extent required to provide a true and fair view. This departu has involved following the Statement of Recommended Practi for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations but which has since been withdrawn. 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 statèments h8vÈ beèn prepared undèr the historie21 cost convention. Thè principal a(£ounting policies adopted are set out below. 1.2 Charitable funds Unrestricted funds are available for antisemitism research. R¢slrict¢d funds arc availablc for hclping victims of antiscmitism. 1.3 Incoming resources Inrne is recognised when the charty is legally entitled to it after any performance conditions have been met, thg AmoiJnt8 rnp.28urpd rgliAbly. and it 18 probahlp. th2t in(xJmg will hg rgr.pivpd. 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 lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.4 Re$our¢es expended Expenditure is accounted for on an accruals basis and includes any VAT that cannot be recovered. Where possible costs are allocated directly to the activities lo which they relate. Govemance costs a those that relate to the general running of the charity and its infrastructure.
UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies (Continuad) 1.5 Tangibl8 fixed assets Tangihlp fixpd a8se.t$ 2re initi2lly mpasured at CXL8t and subseqije.ntly 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= Plant and equipment 33.33Yo StTaight line basis 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 net incomellexpendilurel for the year. The assels, residual values and useful lives are reviewed, and adjusted, if appropriale, at the end of each porting period. The effect of any change Is accounted for prospectively. 1.6 Cash and cash equivalents Cash and cash equivalents includes cash in hand. Basic financial assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction pri including transaction costs and are subsequently carried al amortised cost using the effecb've interest method (Jnless 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 classilied as receivable within one year are not amortised. Derecognition of financial assets Financial assets are derenised only when the contractual Tights lo the cash flows from the asset expire or are settl¢d, or when the charity transfers the financial ass¢t and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained bul Control of the asset has transferred to another party that is able to sell the asset in ils entirety to an unrelated Ihird paty- Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes 8 financing transaction, where the debt Instrument is measured at the piesent value of the future payments discounted at a market rate of interest. Finanal liabilities classified as payable thin one year are not amortised. Debt instruments are subsequendy 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 rf payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction pri and subsequenuy measured at amortised cost using Ihe effective interest methcxj. Dere¢ognition of financial liabilities Financial liabilities are derecognised when the charity's Contractual obligations expire or are discharged or cancelled 1.7 Fund accountlng Unrestricted funds are available for use at the discretion ol the trustees in furtherance of the general objectives of the charity.
UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Donations and legacies Unrestricied Restricted funds funds general 2022 Total Unrestricted funds general 2021 Restricted funds Total 2022 2022 2021 2021 Donations and gffts 95,282 10,000 105,282 60,432 10,000 70,432 Other tradlng a¢tlvltles Total Unreslricted funds general 2021 2022 Fundraising events 179
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UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees None ol Ihe trusiees lor any persons coiinected with Iheml reiVed any remuneration during (he year. The total amount of donations received without conditions from trustees amounted to £11,92012021'. £7,220). Employees There wefe no empk)yees in the current or previous year. Tangible fixed assets Plant and 8qulpment Co$1 Al 1 January 2022 1,092 At 31 December 2022 1,092 Dapreciation and impairment At 1 January 2022 1,092 At 31 December 2022 1,092 Carrying amount At 31 Dember 2022 Al 31 December 2021 Debtors 2022 2021 Amounts falling due within ong year: Other debtors Prepayments and accrued income 2,955 216 516 3.171 3,016 Creditors: amounts falling due within one year 2022 2021 othp.r rrpditnr8 Accruals and deferred income 1.n11 4,056 4,175 4.175 5,067 12-
UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 10 Analysis of net assets between funds Unrestricted Restricted funds funds 2022 2022 Total Unrestricted funds 2021 Restricted funds 2021 Total 2022 2021 Fund balances al 31 December 2022 are represented by.. Current asseisllliabilitiesl 59,779 59.779 41,770 546 42,316 59,779 59,779 41,770 546 42,316 11 Related party transactions Transactions with related parties During the year. UKLFI Limited, a company with common key personnel Charged £71,721 12021.. £36,549) to the charity in connection with 5econdment of staff and other support costs. The following amounts were outstanding al the reporting end dale.. Amounts owed to related parties 2022 2021 Other related parties 1,010 13-