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← Keren Hayesod - United Israel Appeal UK

2020-08-31-accounts

Page
Trustees' annual
report (incorporating		 the director's report)
Independent
auditor's
report to		 the members
Statement offinancial
activities		 (including income and expenditure account)
Statement offinancial
position
Statement of cash flows
Notes to the financial statements 10

Year ended Year ended Year ended 31 August 2020 31 August 2020 31 August 2020 31 August 2020
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of
the charity for the year ended 31 August 2020.
Reference and administrative details
Registered charity name Keren Hayesod - United Israel Appeal UK
Charity registration number 1175668
Company registration number 10332876
Principal office and registered Third Floor
office 20 Old Bailey
London
EC4M 7AN
The trustees
Mr P E Fineman
Mr D B Harris
Mr R Marom
Mr G J Masel (Resigned 31 January 2020)
Mr G A Spiro
Auditor Gibson Booth
Chartered
Accountants		 8 Statutory Auditors
New Court
Abbey Road North
Shepley
Huddersfield
HD8 88J
Solicitors Withers
LLP
20 Old Bailey
London
EC4M 7AN

Keren Hayesod- United Israèl Appeal UK Company Limitsd by Guarant•e Independent Audito￿$ Report to the Members d K¢rnn Hayesod- United l$rael Appeal UK {contlnuedJ Year ended 31 Au9USt 2020 Re5ponslbrllties of trust885 As explained more fulty In the tntstees. reswtsibilths ernerrt las set out on pages 3 to 41, the tru5tee5 Iwho are a)$0 diredors of the ¢hartrtaWe wmpany for the pu￿se$ ol Cm material misslaterrEnL wheiher due to fiaud or error. lrn preparirffJ the fina￿￿11 statemenls, the tru4ees a￿ wrtsible for a58essry the Chartys abilty lo contin￿e as a 90ing concern. ¢is¢l¢sing. as appl￿ab￿. mattefs related to going COn￿M and using the g￿ng Ix>rK%m ba$ of aco)untin9 unle55 the Iruslee$ eithef Intend to I￿V￿Jate the tharfty orto cea5È JPtratitins. orht no realistic altemthe butto do ￿. Auditofs respo￿lbilitIeS forthe audit of the flnanclal statements We have been appointed a5 autltor u￿le1 section 144 of the CharitE5A12011 report in accordarL￿ wth rtgul8tion$ made under section 154 01 that Act. Our obiB¢twes a￿ 10 obtain ￿0$0￿•01¢ 2$5urance about wlther U finan¢bo1 Sialefflen15 a5 a whob are free material misstatement. whtrthet due to fraud or error. and to Issue an audrto¢s ￿ptsrt that irtlude5 our Lpinion. Reasonable assurance high level of assurance. but ts not a guaontee thai an audrt conthjcted ¢n accordan￿ wilh ISAS IUKI will aways detect material mksslatemenl when It exists. MwtaiÈrnenL% tan arise from fraud or error and are considered material rf. indiniidually or in the 399regale. they covky reasonably be expected to inflwnce the ecoThomic dects￿n5 of Use￿ tsken the basrs of thes? f￿ancISI stalwrents. A further desCry￿.0n of our responsibilitS foi the a￿Irt of the finantial stateftnts E Icraled on IhE Financial Reporting Councifs website ai" https frt ukJ0ur-WorklAuoitiA￿l-arHj-aSsUidn¢el￿3ndards-and-9uK1art standards-and￿￿ldanCe-foJ-aUOIt0r51AUdrt0rs-reSp0rtslb1tsS-lor-au￿rf1De$crlF￿0n￿l-aUdrto1S-[eSP0n5lbArtle5-yOr-aud11.a5Px.. This descnpuon forrns part of our auditors ieporL Use tsf our report This report 1$ rnade solely to the Charitab￿ tompanys tru5tee5. as a body, ￿ a￿L￿dance wth Part 4 ofthe Chaibties (Accounts and Reportsl Regu1alh)ns 2008. Our au¢Jit weth has teen undertaken so that * MYJM state to the charitable company's trustees those matters we are required to $tsre to them in an audrtofs report and lor no other purpose. To Ihe fullest exieni pemiilled by law. vie do not a¢£ept or assurre responYb￿ty 10 anY￿e thr than the chantsb crmpany and the charitable tompany's IrLL5tee5 as a body. for our audit work. for thi5 reFort. orforthe ¢)rAnTrn5 hwe formed Gibson Booth Chartered Accourbtsnts & Statthry A￿littir$ New Court bbey Road North Shepky Huddersfiehj HD88 .r. Gibson Booth is elpjibk tO8cI as an athjitor in tswtns 1212 ofthe CompaThs 20￿.

2020 2019
Unrestricted
funds Total funds Total funds
Note r E E
Income and endowments
Donations
and		 legacies 5 2,700,852 2,700,852 8,576,293
Total income 2,700,852 2,700,852 8,576,293
Expenditure
Expenditure
on		 charitable activities 6,7 (2,703,052) (2,703,052) (8,566,666)
Total expenditure (2,703,052) (2,703,052) (8,566,666)
Net (expenditure)/income and net movement in funds (2,200) i2,200} 9,627
Reconciliation offunds
Total funds brought
forward		 14,022 14,022 4,395
Total funds carried forward 11,822 11,822 14,022

2020 2019
Note E f
Current assets
Cash at bank and
in		 hand 16,022 3,472,813
Creditors: amounts falling due within one year 12 (4,200) (3,458,791)
Net current assets 11,822 14,022
Total assets less current liabilities 11,822 14,022
Net assets 11,822 14,022
Funds ofthe charity
Unrestricted funds 11,822 14,022
Total charity funds 13 11,822 14,022
For the year ending 31August 2020 the charity was entitled to exemption from audit under section 477 of the Companies
Act
2006 relating to small companies.

2020 2019
E
Cash flows from operating activities
Net (expenditure)fincome (2,200) 9,627
Adjustments
for.
Interest payable and similar charges 100 156
Accrued expenses 2,100 1,500
Changesin:
Trade and other creditors (3,456,691) 3,456,691
Cash generated from operations (3,456,691) 3,467,974
Interest
paid		 (100) (156)
Net cash (used in)/from
operating		 activities (3,456,791) 3,467,818
Net (decrease)/increase
in		 cash and cash equivalents (3,456,791) 3,467,818
Cash and cash equivalents at beginning of year 3,472,813 4,995
Cash and cash equivalents at end ofyear 16,022 3,472,813

Donations
and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
E E E
Donations 2,700,852 2,700,852 8,576,293 8,576,293

Expendi ture
on charitable
activi		 ties
by fund type
Unrestncted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
E E E E
Grants 2,700,852 2,700,852 8,563,810 8,563,810
Support costs 2,200 2,200 2,856 2,856
2,703,052 2,703,052 8,566,666 8,566,666

Grant funding of
activities Support costs Total funds 2020 Total fund 2019
E E E
Grants 2,700,852 2,700,852 8,563,810
Governance costs 2,200 2,200 2,856
2,700,852 2,200 2,703,052 8,566,666
8. Analysis of grants
2020 2019
E E
Grants to institutions
Keren Hayesod HaMagbit Ha Meuhedet Lelsrael 2,700,852 8,563,810
Total grants 2,700,852 8,563,810
9. Auditors remuneration
2020 2019
E E
Fees payable for the audit ofthe financial statements 2,100 2,100

Creditor s: amounts
f		 alling due within one year
2020 2019
E
Accruals and deferred income 4,200 2,100
Grants payable 3,456,691
4,200 3,458,791

At At
1 September 2019 Income Expenditure 31 August 2020
E E E E
General funds 14,022 2,700,852 (2,703,0527 11,822
At At
1 September 2018 Income Expenditure 31 August 2019
E E E E
General funds 4,395 8,576,293 (8,566,6667 14,022
14. Analysis of net assets between funds
Unrestricted Total Funds
Funds 2020
E E
Current assets 16,022 16,022
Creditors less than 1 year (4,200) (4,200)
Net assets 11,822 11,822
Unrestricted Total Funds
Funds 2019
E E
Current assets 3,472,813 3,472,813
Creditors less than 1 year (3,458,791) (3,458,791)
Net assets 14,022 14,022
16. Analysis ofchanges in net debt
At 1 Sep 2019 Cash flows
At		 31 Aug 2020
E E E
Cash at bank and in hand 3,472,813 (3,456,7617 16,022