**Charity registration number: 1184809 Company number: CE018465** ## **FRIENDS OF ESRA IN ISRAEL** **Annual Report and Accounts Period start date: 01/04/2023 Period end date: 31/03/2024** ## **Contents** |**Reference and Administrative Details**|**Page 1**| |---|---| |**Trustees Report**|**Pages 2 - 4**| |**Independent Examiners Report**|**Page 5**| |**SOFA**|**Page 6**| |**Balance Sheet**|**Page 7**| |**Notes to the Accounts**|**Pages 8 - 12**| ## **FRIENDS OF ESRA IN ISRAEL** ## **Reference and Administrative Details** **Trustees:** Richard Stein (Chair) Stephen Samuel (Treasurer) Roger Adelman Adam Davis (appointed 27 November 2022) Peter Young (appointed 27 November 2022) **Charity registration number:** 1184809 **Company number:** CE018465 **Registered Office:** 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 2024** The trustees are pleased to present their annual report together with the financial statements of the charity for the year to 31 March 2024. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity's 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 governed by a Trust Deed and constituted as a charitable incorporated organisation (CIO) and is registered with the Charity Commission as charity number 1184809. The company is governed by its Constitution. ## **Organisational Structure** The rules for Trustee selection are presented in detail in the Trust Deed, however the main points are: (a) There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee (b) There is no maximum number of charity trustees that may be appointed to the CIO. ## **First charity trustees** The first charity trustees are as follows, and are appointed for the following terms: Richard Stein, Stephen Samuel and Roger Adelman ## **Appointment of charity trustees** (1) Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. ## **Objectives and activities** ## **Summary of the purposes of the charity as set out in its governing document** To provide such financial or material assistance to support the charitable 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 and young people. ## **FRIENDS OF ESRA IN ISRAEL** ## **Trustees’ Annual Report for Year to 31 March 2024** ## **Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts** The main activities during the year continued to be the raising of funds from the general public through fundraising events and activities. Additionally, 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 ESRA in Israel on a twice-yearly basis: once in the Autumn and once in the Spring. ## **Achievements and performance** ## **Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole** During the period covered by this report – April 2023 to March 2024, the charity undertook the following activities: FRIENDS OF ESRA IN ISRAEL Trustees, Annual Report for Year to 31 March 2024 Financial review Review of the Gharity's financial posilion at the •nd of the period The charity held rvJerves of £33,971 on 31 MarGh 2024. statsment explalnlng the pollcy for holdlng r•88rv•s statlng vthy they are held The r8serv8s contain a small 0F￿tIng sum h**funds**|**Restricted**
**income**
**funds**|**Total funds**|**Prior year**
**funds**| |---|---|---|---|---| ||**£**|**£**|**£**|**£**| |**Income (Note 3)**||||| |Donations and legacies|91,955|-|91,955|49,519| |Charitable activities|-|-|-|-| |**Total Income**|91,955|-|91,955|49,519| |||||| |**Expenditure(Note 4)**||||| |Charitable activities|58,351|
-|58,351|42,250| |Other|9,102|-|9,102|7,649| |**Total Expenditure**|67,453|-|67,453|49,899| |||||| |**Net income/(expenditure)**|24,502|
-|24,502|(381)| |||||| |**Reconciliation of funds:**||||| |Total funds brought forward|9,358|
-|9,358|
9,739| |**Total funds carried forward**|
33,860|
-|33,860|
9,358| FRIENDS OF ESRA IN ISRAEL Balance Sheet as at 31 March 2024 Total thls year Total last year Current assets Debtors Cash at bank and in hand (Note 7 Total ¢urrenl assets Credltors: amounts falling due wilhin one year Note 6 660 1.0 Total net Current assots 33.860 Funds of tho Charlt Unreslricled funds Restricled income funds Note 8 33.860 9,358 Total funds 9,358 The ¢¢)mpany was enlitled to exernption from audit under s477 of the Companies Act 2006 relating lo srnall companies. The members have not required the company to obtsin an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibiltties for complying with the requirements of the Companies Act with respect to a¢counting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small compani subject to the small companies. regime and in accordance with FRS102 SORP. The flnanclal statements were approved by the Board of Trustees and were slgned on Its behalf by: Signature: Full Name: Positlon". Date: Tru ## **FRIENDS OF ESRA IN ISRAEL Notes to the accounts for the period starting 1 April 2022 to 31 March 2024** ## **Note 1** ## **Basis of Preparation** These accounts have been prepared under the historical cost convention with items recognised 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 Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 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 changes 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 Policies** ## **Income** Income is recognised and included in the statement of financial activities when: - the charity is entitled to the income; - it is more likely than not that the trustees will receive the 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 included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Gift Aid receivable is included in income when there is a valid 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 the terms 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 2024** The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. ## **Expenditure and Liabilities** 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 charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property 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 settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the 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 charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has investments which it holds for resale 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-term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments. ## **FRIENDS OF ESRA IN ISRAEL Notes to the accounts for the period starting 1 April 2022 to 31 March 2024** ## **Note 3** ## **Income** ||**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Total funds**|**Prior year**
**funds**| |---|---|---|---|---| ||**£**|**£**|**£**|**£**| |Donations andgifts|91,955|
-|91,955|49,519| |Charitable activities:||||| |Function||||| |Book Sponsorship||||| |**Total Income**|91,955|
-|91,955|49,519| ## **Note 4** ## **Expenditure** ||**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Total funds**|**Prior year**
**funds**| |---|---|---|---|---| ||**£**|**£**|**£**|**£**| |Donations to charity|58,351|-|58,351|42,250| |Other|9,102|-|9,102|7,649| |**Total Expenditure**|67,453|-|67,453|
49,899| ## **Analysis of Expenditure on charitable activities** |**Activity**|**Grant**
**Funding of**
**Activities**|**Total this**
**year**|**Grant**
**Funding of**
**Activities**|**Total last year**| |---|---|---|---|---| ||**£**|**£**|**£**|**£**| |Activity1|58,351|58,351|42,250|
42,250| |**Total**|58,351|58,351|42,250|42,250| ## **Note 5** ## **Details of certain types of expenditure** ## **5.1 Fees for examination of accounts** ||**This**
**year**|**Last**
**year**| |---|---|---| ||**£**|**£**| |**Independent examiner’s fee**|660|600| ## **FRIENDS OF ESRA IN ISRAEL** **Notes to the accounts for the period starting 1 April 2022 to 31 March 2024** ## **Note 6** ## **Creditors and accruals** ## **6.1 Analysis of creditors** ||**Amounts falling due within one**
**year**|**Amounts falling due within one**
**year**|**Amounts falling due after more**
**than one year**|**Amounts falling due after more**
**than one year**| |---|---|---|---|---| ||**Thisyear**|**Last Year**|**Thisyear**|**Lastyear**| |**Accruals and deferred income**|660|1,090|
-|-| |**Total**|660|1,090|
-|-| ## **6.2 Deferred income** ## **Movement in deferred income account** ||**This**
**year**|**Last**
**year**| |---|---|---| ||**£**|**£**| |**Balance at start of the reporting period**|1,090|1,040| |**Amounts added in currentperiod**|660|1,090| |**Amounts released to income frompreviousperiods**|1,090|1,040| |**Balance at the end of the reporting period**|660|1,090| ## **Note 7** ## **Cash at bank and in hand** ||**This**
**year**|**Last**
**year**| |---|---|---| ||**£**|**£**| |**Short term cash investments (less than 3 months**
**maturity date)**|-|-| |**Short term deposits**|-|-| |**Cash at bank and on hand**|34,520|10,447| |**Other**||| |**Total**|34,520|10,447| ## **FRIENDS OF ESRA IN ISRAEL Notes to the accounts for the period starting 1 April 2022 to 31 March 2024** ## **Note 8** ## **Charity Funds** ## **8.1 Details of material funds held and movements during the CURRENT reporting period** |**Fund name**|**Type**|**Purpose and**
**Restrictions**|**Fund**
**balance**
**b/f**|**Income**|**Expenditure**|**Fund balance**
**c/f**| |---|---|---|---|---|---|---| ||||**£**|**£**|**£**|**£**| |General Fund|Unrestricted|General Fund|9,358|91,955|67,453|33,860| |**Total funds asper balance sheet**|||9,358|91,955|67,453|33,860|