CharSty reglstratlon number 1169041 UKLFI CHARITABLE TRUST CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
UKLFI CHARITABLE TRUST CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees H Rose A Melkman M Polonsky S Sttsrring J Sher A Levy Charlty number 1169041 Principal addr•ss 2 Leman slreet London E1W9US Ind•p•ndènt •xamln•r Gravita 11 LLP Aldgate Tower 2 Leman Slre8t London E18FA
UKLFI CHARITABLE TRUST CIO CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Statement of financial position Notes to th$ fin¥n¢ial $tst¢ments 7-14
UKLFI CHARITABLE TRUST CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their repcfft and financial statements for the year ended 31 December 2023. The trustees have adopted the prowsions of the Statement of Recommended Prdctice ISORPI °Accounting and R8POrting by Charities- IFRS 1021 in preparing th8 annual retxjrt and finanal statements of th8 Charity. Legal and administrative inlomation set (wjt at Ihe front of these financial stalements fomi part of this report. The financial statements have been prepared in accordan wilh Ihe accounts'ng wliaes set out in note 1 to the financial statements and comply with the Chanty's governing document dated 5 September 2016. the Charities Act 2011 and 'Accounting and Reporting by Charities.. Ststernenl of Recommended Practice applicable to charit18s pr8paring their accounts in accordance with the Finanty81 Reporting Stsndard applicable in thg UK and Republic of Ireland IFRS 1021 (Èffective 1 January 20191". Oblectlv•s and actlvltl•s The Charity's obj&cts are.. to odvanc8 legal eilucation in national aThJ intèmational politscal, social and èconomlc policy regarding.. lil the State of Israel and.. lill the causes and effects of anbserniti8m, parbcularfy anbsemitism whth rnanifests itself wth 98r(I to the Slate of15r8el, for thè publle ban•fit induding, without limitstion. Ihrough Organising legal training The staging of legal lectures and The promolion ol legal researth and the publication ol its u3elul results to promtsta racial hannony for thè public banèfit by th8 aliminalion of ants.mItIsm, partleularfy antl- semits'sm which manifests ilsell with regard lo Ihe State ol Israel by lil prowding legal suppori to viclims of antisemitism., lill helping such victims by provKling advice. advocacy. care. relief and assistance and,. liiil loslering rel8lions arnong lawyer5 lor the puryjose of providin9 such legal support and help. The trustees have paid due regard to guidance iSSU6d by the Charity Commission in deciding what activities the Charity should undertake.
UKLFI CHARITABLE TRUST CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achlevements and perfomiance A rnaior area of the Chanty's work during 2023 has assisting students laung antisemitism, particularfy antisemitism manilesling itself with regard to Israel. Activities included advising, assisting and represents'ng individual students and student societies. wothing with Universities to prevent antisemitism, and providing educational rnaterials on our website. relevant to addressing anbsemitism. The ch8rity has also helped other wctims of antisemilism by providing leg81 support, advice, 8dviL3cy and 85515tanc8 to victirn5 of antiS8mitism. Many of these actions have been made possible through fostering relations among lawyers, in particular through regular communications wlh lavryers interested in addressing these issues and through educational events. The Charity has had to tackle a massive in¢aSe of antis8mib.sm since 7 October 2023, in particular in univgrsities, in rnedical settings 8fKI in the workplace, increasing its workload considerably. The Charity h8S t8k8n on mor$ voluntèars to assist with th$ wixk. Educational events included lectures on a variety ol subjects felated lo legal issues regarding the State of Israel and l or antisemilism. We have continued to host all our talks online as webinars. The subjects have included.. Two Slates for Two Peoples? Judicial Review in Israel and the UK. The Relationship beeen Courts and Partlaments. Judicial Refomis.. Assessment and Prospects. Anti-zionisrn as Nats'onal Origin Disvimination, Inlem8tional Law Taiksr made for 15r8el, Using Litigation to Stop BDS, Scotland and lsraol.. Th$ Impad ol Devolution, Tho UK Count&r BDS Bill, Will Another ICJ Advisory Opinion on Israel help or hlndèr Pèacè?, Emèrgency 8rièfin9'. Opaiabon Iron Swords. Tha Law of Amèd Conflict and tha Gaza Strip and The 8BC.' What is it doing and what can w& do abcwJl il? The webinars attracted significant audiences Irom all th6 UK and elsewhere in the worfd. Videos of these webinars have been posted on th8 Charity's YouTube channel. vthere have continued to attract many further viewings. The Charity Continued to add and update its website u¢8¢10naI r•soyr¢e$. The Chadly continued to share resources with UKLFI Limited. a non-profit company limlted by guarantèe. The Trustees consider that the Charity benefiled significantly from its relatnshiP with UKLFI Limited and are satisfied that the arrangements befften the Charity and UKLFI Limiled properfy address any conflicts ol interest. Flnanclal Tevlew The Charity's income of £228,32812022-. £105,282) was mainty made up ofdonations received. The Charity did not charge for its webinars. so no enlrance fees were genera(ed from Ihe webinars, although some don81ions were received from those attending. Thè 8nnual èxpènditura 8mounted to t105,27812022-. £87.8191. As at 31 December 2023 UKLFI Charitable Trust carried lorward unreslricied general funds of £182,82912022'. £59,2331. In line wth the recommendations of the Charity Commission, Ihe trustees have forrnally adopted a reserves policy. This recognises that th8 income of th8 Trust does not arise 8v8nly year on year and so to 8nable the Trust to plan its activities it is prudent to hold resetves. It is the policy ol the Charity thal unreslricted fvnds which have not been designaled for a specrfic use should be maintained at a level equivalen¢ ¢0 al least six months. expenditu. The trustees o)nsider that reserves at this level will ensure that. in the event of a significant drop in fvnding. they will be able ¢0 continue the Charity's current activities while (xjnsiderabon is given to ways in which addonal fvnds may be raised. This level of res8rves has b88n maintained throughout th8 year. The trustees have assessed the major risks to which Ihe Charity is exposed. and are sab"sfied that systems a in Pla to mitigate exposure to the mapr risks.
UKLFI CHARITABLE TRUST CIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEA18ER 2023 A L•vy 15 Septernber 2024
UKLFI CHARITABLE TRUST CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UKLFI CHARITABLE TRUST CIO I report to the trustees on my examination of the financial stalements of UKLFI Charitable Trust CIO Ithe Charityl for the year ended 31 December 2023. Responsibilit185 and basis of report As the trustees of the Charity you a responsible for the pparal of the finanaal staiements in accordance with the requirements of the Charitses Act 2011 (the 2011 Acll. I report in respect of my examin8tion of Ihe Charity's fin8nryal statements c8rrie(l out under section 145 of the 2011 Act. In carrying out Iny 8xamination I have lollow8d all the applicabl8 Dir8ctions giv8n by th8 Charity Commission under sectson 14515llbl ol the 2011 A¢t. Independent examlner's statement Your alt8nlion is drawn to th8 fact that the tharity has prepared th& a¢¢ounts Ifin8n¢ial $tat&m$ntsl in accordarice with Accounting and Reporting by Chanlies prepanng theif accounts in accordance with thè Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Slalemenl ol Recommended Practi Issued on 1 April 2005 whith is referred to in the extant regulatbons but has since b8en withdrawn. l understand that this has been done in order lor the accounts lo provide 8 true and lair view in accordance with th$ Génorally Ac¢Èpted A¢¢ounting Practice effeclive lor rtrportsng periods beginning on or aft&r 1 Janu8ry 2015. I have completed my examination. I confim that no matters have come to my attention in connecticn with the examination giving me cause to believe that in any maierial respect: accounting records were not kept in r8spect of the Charity as required by section 130 of the 2011 Act.. or the financial statemènts do not aceord th Ihose r$o)rd$', of the finanaal statements do not comply with the applicable requ1ments nCernIng the fomi and content ol accounts set out in the Charities IAc¢ounts and Reports) Regulations 2008 other than any quIrernent that the accounts give a true and lair view which is nol a mailer considered as part of an independent èxamination. I have no concerns and have com& across no olher matters In connecbon with th& &xamination to which attention should be drawn in this report in order to enable a proper understanding of (he financial statements to be reached. Shona Munday FCA lor and behalf of Gravit8 11 LLP Chartered Accountants Aldgale Tower 2 Leman Street London E18FA 17 Sep 2024 Oated..
UKLFI CHARITABLE TRUST CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted funds lunds 2023 2023 Total Unrestricted Restricted lunds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies 164,448 228,328 95,282 10,000 105.282 Charitable activities 40.852 64,426 105.278 77.819 10.000 87.819 Net Incomell•xpendltur•l and movement in funds 123,596 15461 123,050 17,463 17,463 Rg¢on¢lllatlon of fund•= Fund balances al 1 January 2023 59,233 59,779 41,770 546 42,316 Fund balances at 31 Oecember 2023 182,829 182.629 59.233 546 59,779 The statement oi financial activities includes all gains and losses recwnised in the year. All income and expenditure dorive from conbnuing activities.
UKLFI CHARITABLE TRUST CIO STATEMENT OF FINANCIAL posm AS A T 31 DECEMBER 2023 3.171 rJs.ioi S3m 1Q.829 11 I,8?• 59.233 162mg IS sep.tember 2024 R¢x•
UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policles Charity inforniation UKLFI Charitable Trust CIO is a Charitable Incorporaled IganISatiOn, regISted in England. The Charity Registration number is 1169041. 1.1 Ac¢oun¢ing convention The financial slalemenls have in accordance with the Charitys goveming document, the Charities Act 2011. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Stalernent ol Recommended Practice 8pplicabl8 to charities preparing their 8ccount5 in accordance with the Financkql Reporting Standard 8pplicablg in thg UK and Republic of Ireland IFRS 1021. leffectiV8 1 Janu8ry 20191. The charity is a Public 8en6fit Entity as dèfinèd by FRS 102. The Charity has taken advanlage of Ihe provisions in ihe SORP for charities applw'ng FRS 102 Updat8 Bulletin 1 not to prepare a Statement of Cash Flows. The financial sla¢ements have departe(I Irom the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure h85 involved following the Statement of Recommèndèd Pradi¢e for ¢harities applying FRS 102 rather than the version ol thg Statèmént of Recommènded Practicè which 1$ r*fgrygd to In thè RegUlaInS but which ha$ $lnc& baèn wlthdrawn. The financial slalements are prepared in slerfiThJ. which is the lunctional currenry of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial slalements have been prepared under Ihe hislorical cost nVention. The principal accounting policies adopled are sel out below. 1.2 Charltabl• fund8 Unrestricted funds are available for anything wilhin the Charity's charilable objects. R¥stri¢t$d funds a aV8il¥bl¥ lor ffjs&ar¢h about 8nb's¥mibsm whith manrfe$ts itsslf with rggard lo tho Statg of Israèl. 1.3 In¢ornlng resources Income is recognised when the Charity is legally entiiled to it after any perforniance conditions have been mel. the amounts can be measured reliably. and i( is probable Ihat ino)me will be received. Cash donations are recognised on receipl. Other donations are recognised once the Charity has been notified of the donation. unless perfomiance conditsons require deferral of the arnount. Income lax recoverable in relal¥)n to donalions received under GiftAKI or deeds of covenant is recognised at th8 ts'rne ofth8 don8tion. 1.4 Resources expended Expenditure is accounted for on an accruals basis and indudes any VAT that cannot be recovered. Where possible costs are allocated directly to ihe aclivilies to which they late. Governance costs are those thal relate to the general running of the Charity and its infrastructure.
UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continuedl 1.5 Tanglblt flx•d assets Tangible fixed assets are init1811y measured at ¢y)st 8rKI subsequenuy measured at cost or v8lu8tion, net of d8preciation and any impairment Io&s8S. Oepreci8tion is recognised so as to vmte off the cost or valuation of assets less their residual values over their U59fLJI lives on the followng ba5es'. Plant and equipment 33.33% straight line basis The gain or loss arising on the disposal of an asset is delemined as the difference between the sale proceeds and the carrying value ol the asset. and is recognised in net incomellexpenditurel for the year. The a55ets' residual values and usefvl live5 8re reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any ¢hange 1$ 8c¢wnted fgr prospectively. 1.6 Cash and caBh equlval•nts Cash and cash equivalents includes cash in hand. Baslc Iln&ncl&l ass•ts Basie financial assèts, which indudè dgblors and cash ar bank balancès, arè initially m8asurad at transaction price including transaction costs an¢J ar& subsequently carried at amortisad cost using tha effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured al the present value of the lulure receipts discthjnted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Dgre¢oqnltlon of Ilnan¢l81 •s¥ets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled. or when the Charity Iransfers the financial assel and substsnlially all the risks and rewards ol ownership to another enD'ly, or if some significanl risks and rewards ol ownership are retained but control ol the 8ssel has transferred lo 8nolh8r party that 1$ 8bl¢ to sell the as¢ in its trnlity to an unr818tgd third party. Basie financial liabillti•$ Basic financial liabilities. induding Cl10TS and bank loans a initially cogniSed at transaction price unless the arrangement conslilute5 8 financing transaction, where the debt instwment is me8sured at the present value of the kntur8 payrnents dis(XMJntÈd at a markét rate of intèrèst. Financial li8bilrti8$ dassifièd 8$ pay8bl thin one yèar are not amortised. Debt instruments are subsequently carried at amortised cosl. using the effective Inte$t rate method. Trade creditor5 are obligalions to pay lor goods or services thal have been acquired in the ordinary course of operations frorn 5LJppliers. Arnounts pay8ble are dassified as curTenl liabilitses if payrnent is due within one y88r or less. If not, they are presented as non-current liabiltb"es. Trade creditors ar8 recognis8d initially at transathon price and subsequently measureil at amortised cost using the effethve Interest method. Dorecognltlon of flnanclal Ilabllltles Financial liabilits.es are derecognised wh8n the Chartty's contractual djligations 8xpir8 or are discharged or cancelled. 1.7 Fund accountlng Unrestricted fund5 ar8 availabl8 for u58 at th8 dis(xelion of the tru5t8es in furth8ranc8 of the g8n8r81 objectives of the Charity.
UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and legacles Unrestricted Restricted funds lunds 2023 2023 Total Unrestricted Restricted fvnds funds 2022 2022 Total 2023 2022 Donations and grfts 164.448 228.328 95.282 10.000 105,282 Indep•ndent •xamlners fe• Ouring Ihe year ending 31 December 2023. the Charity paid fees of £3,600 to the accountants for the independent exarnination review.
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UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable a1vitI99 (Continuedl For th• y•ar •nded 31 D•eemb•r 2022 Cost ot Educatlonal Advlse, Govemance generating program assistsnce costs funds and Research Support costs Total 2022 Venue hire. catering and related costs Advertising, promotional. printing. postage and stationary Travel and volunteers expenses Wèbsita costs In8urance and general Bank charges L81 and prolesslonal expenses C¢nsull8ncy and assistance Accountancy fees Sundry 445 1,280 1,725 379 479 86 204 204 527 527 51 51 2,429 2.429 4.771 17,514 45,762 28 3.300 5.972 74,047 3.300 4,971 4,971 24.075 48,242 3,855 6,351 87,819 Share ol support costs Share of govemance costs 318 4.445 16.3511 193 2,698 13,8551 5.807 26.627 55.385 87.819 Analysls by fund Unrestricted funds- general Restricted funds 5.807 26.627 45.385 10,0(4) 77.819 10,000 5.807 26.627 55,385 87,819 11
UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 TNsteeg None of the trustees lor any persons DneCted wth them) received any remunerdtion during the year. Tha total amunt of donations recèived without condrtM)n$ from trustees amountèd to £12.850 12022.. £11,920). Employees There were no employees in th8 rrent or previous year. Taxotlon Thè Charity is èxempt from taxalion on its aclivitj.ès because all its incom& 1$ applied for charitable purptss*s. T•nglblè flx•d asi•ts Plant and •qulpmant Cost At 1 January 2023 1,092 At 31 December 2023 1.092 Oepreclatlon and Impalrni•nt At 1 January 2023 1,092 At 31 December 2023 1.092 Carrylng amount At 31 D8cèmbgr 2023 At 31 December 2022 Debtors 2023 2022 Amounts falling du• within on• y•ar- Other debtors Prepayments and accrued income 2,955 216 2.302 2.302 3,171 12-
UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Credltors.. amounts falllng due wSthSn one year 2023 2022 other cr8dthrs Accruals and deferred income 5.400 47.878 4.175 53.278 4.175 11 R•strlctod funds The restricted funds of the Charity comprise the unexpended balances of don8tions and grants held on trust Subject lo specific condition5 by donors as to how Ihey may be used. At l January 2023 Ineomlng r•sourc•• R••oure•8 •xp•nd•d At31 Dée•mb•r 2023 Rastrlcted lunds Muriel and Gershon Coren Charilable Foundation Monitoring antisemibsm 158,8801 Is.0001 15461 63.880 164.4261 Prnvlous y•ar: At 1 January 2022 Incomlng resources R•8ource8 expended At31 December 2022 Educational programme Monitoring antisemitism 10.000 110,IK)01 546 10.000 110.0001 546 12 Unrestricted fund¥ The unrestricted funds of the Charity comprise the unexpended balan$ ol donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designaied funds vthich have been set aside 0 of unrestricled lunds by the trustees for specific purposes. At 1 January 2023 In¢oming resources Resour¢es expended A131 December 2023 G8n8ral ftjnds 59.233 164.448 140,8521 182,829 13-
UKLFI CHARITABLE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Unrestricted funds (Continuedl PrÈvlous y•ar: At 1 January 2022 Ineomlng resources R•sourc•$ expended At31 December 2022 General funds 41.770 95.282 177.8191 59.233 13 Analysls of net assets between funds Unrestrlcted funds 2023 R•strlct•d fund$ 2023 Total 2023 Fund balances at 31 O•c•mbor 2023 are repre8•nt•d by: Currant assotsllliabilitièsl 182.829 182,829 182.829 182,829 Unrnslrfcted fund• 2022 Re8trlct•d fund8 2022 Total 2022 Fund balan¢g¥ at 31 D¢fflber 2022 arg rgpresented by: Current assetsllliabilitiesl 59.233 546 59.779 59.233 546 59.779 14 Related party tronudlon• Tran8aetions with r•lat•d parti•s During the year, UKLFI Lirni¢ed. a company wth o)mmon key personnel charged £70,361 12022.. £71,721110 the Charity in (xjnneclion wilh secondment ol slall 8nd other 5UPPOrt Ixjsis. The following amounts were oulslanding al the repcffting end date.. Amount$ owed lo related parties 2023 2022 Other related parties 49,678 14-
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Tue, 17th Sep 2024 12:04:48 BST Shona Claire Munday - Signer (6d41f4e2e203c57eed5196a79ef85091) Audit history log Date Action Tue, 17th Sep 2024 12:04:49 BST Shona Claire Munday viewed the envelope (172.167.154.85) Tue, 17th Sep 2024 12:04:49 BST This envelope has been signed by all parties (172.167.154.85) Tue, 17th Sep 2024 12:04:48 BST Shona Claire Munday signed the envelope (172.167.154.85) Tue, 17th Sep 2024 12:04:23 BST Shona Claire Munday viewed the envelope (172.167.154.85) Tue, 17th Sep 2024 11:38:25 BST Document emailed to Shona.Munday@gravita.com (35.179.126.220) Tue, 17th Sep 2024 11:38:24 BST Sent the envelope to Shona Claire Munday (Shona.Munday@gravita.com) for signing (172.167.204.224) Mon, 16th Sep 2024 14:42:01 BST Document generated with fingerprint 3936be04aa9cd88fd3cd42588d4a01fe (172.167.204.224) Mon, 16th Sep 2024 14:42:01 BST Envelope generated by Stephen Ryder (172.167.204.224)