Charity registralion number: 1184809 Company number: CE018465 FRIENDS OF ESRA IN ISRAEL Annual Report and A¢counts Period start date: 0110412022 Period end date: 3110312023
Contents Reference and Adminlstratlve Details Page 1 Trustees Report Pages2-4 Indep8ndent Examiners Report Page 5 SOFA Page 6 Balance Sheet Page 7 Notes to the Accounts Pages 8- 13
FRIENDS OF ESRA IN ISRAEL Reference and Administrative Details Trustees: Richard Stein (Chair) Stephen Samuel (Tr•asurerl Roger Adelman Adam Davis (appointed 27 November 2022) Peter Victor Young {appointed 27 November 20221 Charity registratlon number. Company numb•r: 1184809 CE018465 Registered Offic8: Kinetic Business Centre Theobald Street Borehamwood WD6 4PJ Independent Examiner: Jonathan Levy ACCA- 1469184 17 Kings Drive Edgware HA8 8ED
FRIENDS OF ESRA IN ISRAEL Trustees, Annual Report for Year to 31 March 2Q23 The trustees are pleased to present their annual report together with the financial statements of the charity lor the year to 31 March 2023. Reference and administrative infomialion set OLtI on page 1 forms part of this report. The financial statements comply with current statutory requirements. the charitys constitution and the Statement of Recommended Practice- Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102. Structure, Governance and Management Governing document Friends of ESRA in Israel is govemed by a Trust Deed and constlluted as a charilable incorporated organisalion ICIOI and is registered with the Charity Commission as charity number 1184809. The company is govemed by its Constitution. Organisatlonal Structure The rul8s for Trustee selection are presented in detsil in the Twst Deed. however the main points are- (a) There musl be at least Ihreo charity trustees. If the number falls below this minimum. the remaining trustee or trustees may act only lo call a meeting of the charity trustees. or appoint a new charity trust&8 Ibl There is no maximum number of charity trustees that may be 8PFM)inted to the CIO. First charlty trustees The first charity trustees are as follows. and are apFKJinted for the followng tem)s'. Richard Stein, Stephen Samuel and Roger Adelman. On 27 November 2022 Adam Davis and Peter Victor Young were appointed trustees of the charity. Appointmènl of charity trustees 111 Apart from the first charity trustees. every trustee must be appointed for a term of three years by a resolution passed at 8 properly convened meeting of the charity tystees. {2} In selecting individuals for appointment as charity trustees, the chartty trustees musl have regard tr) the skills, knowledge and experience needed for the effective admini8tration of the CIO.
Objectives and activities Summary of the purposes of the charity as set out in its governlng document To provide such financial or rnaterial assistance to support the ch8ritable work of ESRA Israel, as the trustees shall from time to time determine with particular preference for support of projects which relieve the charitable needs of children aTrJ young people. FRIENDS OF ESRA IN ISRAEL Trustees, Annual Report for Year to 31 March 2023 Summary of the maln actlvities In relation to those purposes for the public benefrt, In particular, the activitles, projects or services Identlfied In the accounts The main aclrvities during Ihe year continued to be the raising of fvnds from the general public through fundraising events and 8Ctivities. AddOnallY. education events took place to promote the work of ESRA to the wider public. Policy on grant making The Trustees have agreed a policy to make grants to ESFi4 in l$rpel on a l¢&YeadY basis.. once in the Autumn and once in the Spring. Achievements and performance Summary of the main achievements of the charity. idenllfying the difference the charity's work has made to the circumstancas of its beneficiaries and •ny wider benefits to society as a whole During the period covered by this report- April 2022 to March 2023, the charity undertook the following activities= The Trustees and committee continued to work dosely with donors across the UK raising funds for The Student Build a Community Project. which is currently tbe main beneficiary of semi-annual grants from the charity, as well as promoting the English Tutoring Programme. Income was achieved through donations from both individuqls and charitable foundations. The Students Build a Communi ESRA'S Students Build a Community project. in cooperation with local municipalities. provides financially stressed students with housing in disadvantaged neighbourhoods. In retum, the students each rnentor a group of four challenged local schoolchildren and become social leaders in the community. Th8 project operates across 6 neighbourhoods In Netanya. Akko and South Tel-Aviv- Yaffo. As a result of the impact of the work, which is supported in part by a grant of £42,250 provided by The Friends of ESRA in Israel. 870/0 of the 213 schoolchildren who took part in the project expressed a feeling of increased self-confidence, and all the 58 student mentors Gompleted their degrees with
most becoming social activists. In total. 14.500 Community Students volunteer hours were invested in raising the quality of life and helping the population in needy neighbourhoods. The En lish Tulorin Pro ram This volunteer driven project connects Israeli teenagers who wish to praclise their English skills with English speaking volunteers from across the wodd. The Friends of ESRA in the UK works closely with our partners, The Jewish Volunteers Network to help promote the opportunity to volunteer on the programme- and in the last year, over 78 UK based voluntoers held weekly 40-minute Ghat sessions with 8th-12th grade students, with a focus on improving English oral skills. The total number of hours inv8Sted by the UK volunteers is calculated as being in excess of 2.300 hours over a 30 week period. The charity also welcom8d Pet8r Young and Adam Davis a8 new tnjstees to help bolster the governance, fundraising and outreach of the charity.
FRIENDS OF ESRA IN ISRAEL Trustees, Annual Report for Year to 31 March 2Q23 Financial review Review of the chaiity's financial position at the end of the period The charity held reserves of£9,358 on 31 March 2023. Statement explaining the policy for holding reserves st4ting why they are held The reserves contain a small operating sum however the majority wll be awarded as a grant on receipt of a successful application by ESRA in Israel during 2023124. The charity's principal sources of funds (including any fvndraislng) The charity raises funds from the general public. generally througb fundraising events and digital direct appeal Campaigns. Donations are given in lieu of a fee to guest speakers from ESRA Israel who educate community groups on the work of ESRA. Declarations The company has taken advantage of the small companies, exemption in preparing the report above. The trustees declare that they have approved the trustees. report ab)ve. Signed on behalf of the charfty's trusteesldirectors: Signature: Full Name: Position: Date". tephen Samuel Trustee
Report of the independent examiner to the trustees of Friends of ESRA in Israel I report to the charity trustees on my examination of the ac(K*unts of the Company for the year ended 31 March 2023. Responsibilities and basis of report As the charrty's trustees of the Company (who are also the directors of the company for the purposes of company law}, you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 (Ihe 2006 Acr>. Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independant examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charitie5 Act 2011 ("the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(51(b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confimi that no material matters have come to my attention which gives me cause to believe that.. accounting records were not kept in aCrdanCe with section 386 of the Companies Ad 2006,. or the accounts do not accord with such records.. or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 the accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to en•ble a proper understanding of the accounts to be reached. Jonathan Levy ACCA 20 November 2023
FRIENDS OF ESRA IN ISRAEL Statement of Financial Activities for the period starting 1 April 2022 to 31 March 2023 Unrestricted funds Restricted income funds Total funds Prior year funds Income Note 3 Donations and legacies Charitable aclivities Total Income 49.519 47.622 850 48,472 49,519 49.519 Expenditure {Note 4) Charitable activities Other 42,250 7.649 49,899 42.250 7,649 49,899 43,325 6,819 Total Ex ndlture Net incomel ex endlture 381 381 1,672 Reconciliatlon of funds: Total funds brou hl forward Total funds carried forward 9.739 9,358 9,739 9,358 11,411 9,739
FRIENDS OF ESRA IN ISRAEL Balance Sheet a$ at 31 March 2023 Total thls l Total last Currènt assets Debtors Cash al bank and in hand (Note 7) Total current awts 10.447 Credltors: amwnts falling due within one year Note 6 1,090 1,039 Total ngt current assets Funds of the Ch Unrestricted funds Restricted income funds Nota 8 9,739 Total funds 9.739 The o)mparry was entitled to exemption from audt under s477 of the Cc*mpanies Act 2006 re18ting to small companies. The m8mb8rs have required the company to (kntsin an audit in acLx)rdarre with sectM)n 476 of the Companies Act 2006. The dI¢t0 a¢knuwledge their resFK)nsrbilities for mplyIng the requirements of the Companies Act with resped to &counting re¢dS and the prepgration of accounts. These accounts have been prepared in aOrdar£ Yth the prl$lS applicable to small ¢ompani8S subject to the small companies, regime and in xc(Ktsnce with FRS102 SORP. The financlal re approved by the Board of Tryslees and were slgnod on Its behalf by: Signaturn: Full Name: Positlon: Dat•: LL rd Ste 21
FRIENDS OF ESRA IN ISRAEL Notes to the accounts for the period starting 1 April 2022 to 31 March 2023 Note 1 Basis of Preparatlon These accounts have been ppared under the historical cost convention with items recognis8d at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charit18s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United lfjngdom and Republic of Ireland IFRS 102) and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. The accounts present a true and fair view and no L*anges have been made to the accounting policies adopted. No changes to the accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period. Note 2 Accounting Policlès Income Income is recognised and induded in the ststement of finan¢ial activities when: the charity is entitled to th8 incom8: it is more likely than not that the trustees will re1ve Ihe income,. and the monetary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilities. or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only induded in the SOFA vthen the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Gift Aid receivable is included in income wh&n there is a valld declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or Ibe temjs of the appeal have specified otherwise.
FRIENDS OF ESRA IN ISRAEL Notes to the accounts for the period starting 1 April 2022 to 31 March 2023 The value of any voluntary help r1Ved is not incfuded in the accounts but is described in the trustees, annual report. Expenditure and Llabilltles Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the Gharity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Support costs have been allocated beeen governan co•ts and other support. Governance costs comprise all costs involving public accountability of the chadty and its compliance with regulation and good practice. Support costs include central functrons and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating propety costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. The charity has creditors which are measured at setuement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequenlly measured at the best estimate of the amount required to settle the obligation at thp reporting date Assets Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the Gharity. Subsequently, they are measured at the cash or other consideration expected t¢ be received. The charity has investments which it holds for resal8 or pending their sale and cash and cash equivalents with a maturity date less than one year. These Include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-t&rm cash commitments as they fall due. They are valued at fair value expt where they qualify as bgsic financial instruments.
FRIENDS OF ESRA IN ISRAEL Notes to the accounts for the period starting 1 April 2022 to 31 March 2023 Note 3 Income Unrestrfcted funds Restricted Income funds Total funds Prior year funds Donations and gifts Charitable activities.. Function Book Sponsorship 49.519 49,519 47,622 Total Income 850 48,472 49.519 49,519 Note 4 Expenditur8 Unreslricted funds Restricted income funds Total funds Prior year funds Donations to charity Other 42,250 7,649 49,899 42,250 7,649 49.899 43,325 6.819 50.144 Total Ex enditure Analysis of Expenditure on charitable actlvltles Activlty Grant Funding of Activities Totsl this y•ar Grant Funding of Actlvities Total last year Activity 1 42,250 42.250 42,250 42.250 43,325 43.325 Total 43.325 43,325 Note 5 Details of certain types of expenditure 5.1 Fees for examination of accounts This year Last year Inde endent examinerfs fee 500 500
FRIENDS OF ESRA IN ISRAEL Notes to the accounts for the period starting 1 April 2022 to 31 March 2023 Note 6 Credltors and accruals 6.1 Analysis of credltors Amounts falling due withln one ear Amounts falllng due after more than on8 ear This y8ar Last year This year 1,090 1,090 Last Year 1.040 1.040 Accruals and deferred Income Total 6.2 Deferred income Movement In deferred Income account Thls year Last year Balance at start of the re ortin Amounts added in current period Amounts released to Income from previous periods Balance at the end of the reporting perlod nod 1.080 1.040 1,080 1,040 1.090 1.040 1,090 Note 7 Cash at bank and In hand This year Last year Short term cash Investments (less than 3 months maturi date Short term de osits Cash at bank and on hand Other 10.447 10,778 Totsl 10,447 10.778
FRIENDS OF ESRA IN ISRAEL Notes to the accounts for the period startlng 1 April 2022 to 31 March 2023 Note 8 Charity Funds 8.1 Detalls of material funds held and movements durln9 the CURRENT reporting period Fund name Type Purpose and Restrictions Fund balancg blf Income Expendlture Fund balance General Fund Unrestricted General Fund Total funds as per balance sheet 9.739 9,739 49.519 49.519 9,358 9,358 49,899