CHARifY REGISTRATIOM NUMBER: 1191429
FRIENDS OF THE ISRAEL OPERA TRUST
Unaudited Financial Statements
31 March 2024
HIGGINS FAIRBAIRN & CO
Chartered accountants
4th Floor
58-59 Great Marborough Street
London
W1F 7JY

FRIENDS OF THE ISRAEL OPERA TRusr
Financial Statoments
Yoar onded 31 March 2024
Page
Trustees, annual report
Independent examinevs report to the trustees
staterne￿ of financial actyvittes
Statement of financial position
Notes to the financial slatements

FRIENDS OF THE ISRAEL OPERA TRUST
Tn￿tee$. Annual Report
Year ended 31 IAarch 2024
The iTUStees pyesent thek ier•Xt and ltrwiclal ststements of the charity the year
ended 31 Marc* 2024.
R•f•rone¢ and athnlnlstratl¥• d•tsUs
Reght•￿d charlty n•m•
FRIENDS OF THE ISRAEL ￿ERA TRUST
Charity rngi¥tTrtion number
1191429
Prfnclpal offlc•
64 Ncth Rcmf. Maytair
LoThJon
WIK7DA
Th• tru8t••s
PhTr4J &fvert
Mr DavhJ B￿hler.
Commlt•• m•Thknrn
DavKI Buch￿ IChairTrwI. Ph￿'p &1vw￿DePl. Chairman), L￿ne1
Rosenbktt. Adri￿ Naftalin. Pwl Faiman. Pamda Wagman. Jo
Bankers
CAF Bank Ltd 25 lfjnys Hill A*nue, lQ'ngs Hill, IAtst MallivJ, Kant
ME19 4JQ
Indop•nd•nt examlner
Fttiion W Fhyyins FCA
4th Floor
London
W1F 7JY

FRIENDS OF THE ISRAEL OPERA TRUST
Trustees. Annual Roport(¢¢
Year ended 31 March 2024
stru¢ts4re. governance and managÈm•nl
The charity was ueat8J by a t1e&J 15th M•y 1992 as a Trust exclusNèty for wrposes.
The Trust is managed by the Trustees. and the adfflnisb￿Th is caffied out from the Charity's
The truslees who seThed during th& year
David 6Jchler
Philip Sifvert
twstees. these ￿UtrJ by renvinin9 Irustees. New twustses aro appointed under a Deed
gned and approved ty the currenl In￿ees.
The cuffenl trustee5 ae resF*￿9tAe for Ihe of any new truslees whth invcfves awarene5S
of a twstsÈg resp￿s￿lIf0"e5, ts govemwi9 dLrumenL adminwath p￿r￿edureS. and the history of
tho Charity. A new trus& woukl ￿￿*Ve a wekome pack indudes ￿PIeS of the previous years
annual report aTrJ ￿Unts, a bnef hisw (A the tharrty ￿ a ¢xyy of the goveming ￿(￿TrEnl
The wll also indude a rJOFry of lh& Chth ComrrissK)n giMdanrE Tr Esserttsal Tntrstee.. Vthat
you ne¢d to "Charit* and 8￿effi￿.
The tru5tee5 examine the rTojor rsks that the Charity every fina￿1￿ year and have deve1c￿d
systerrts to JTrJnrtor ana c￿trol these nsks to m￿gate the have ￿ thè Charity in the
futu￿.
The trustees have sys?rr6 wi placé lo *Jenbfy any con1￿Cts of interest thal rnay (￿￿Jr. a COnfl￿t
of intewt arise4 the r4evantiruste8 or trus*es aw to withdraw trom any discLtssion and de￿510n.
and activliÈ8
The main objecbves of the Chaity are to aKI. imwove, devekip. rxoTr￿e ar¥J mawttain edwiKJn
appreciatN)n ofthè art and %1¢￿e of opera in lsrad.
The trustees confifm Ihat they have rèfwred to the guKlarKe contsin&J ￿ the Charty CommBsN)n
general gUKlanc* M publ￿ benefft when revie*irMJ the Charity'$ am% and oW'¥es and in pLanning
for Ihe fvlure and in seib.ng the grant ffl*ng for the year.
Th8 Charity has estAblished its grant rthig po* to c+4ectNes forthe pu￿1¢ beneffit
Achievements and PBrfom*net
The resutt$ fgr the yèar a￿ set on pèJ8 5. ncrte 4 and Pa98 11. rKJt8 11. To incorn￿9
resources tOtal￿d only £21.21212023". £13.536).
The trustees m&le no (urtherComw￿{￿ts durin9 the yewto 31 2024.
As the ￿anCe Sheet date. the than"tat￿ funds were vthed at c4 £20.97612023: t8,8011. all ofwhKh
ar8 unrestricted.
The tswstees are satiskd thatthe tfust assets are avaiktle 8nd adequate to fulfil ts obliqatK*ns.

FRIENDS OF THE ISRAEL OPERA TRUST
Trustees. Annual Report(ct¥th
Year ended 31 March 2024
Rel•r￿S pollty
The Trustee aim to distnbute fijr￿S recew dumg the year. fvnds ￿MaIn1ft9 be distributed
when suhable events are avaiLa￿e for the charrty to suppo
The trustees re￿￿¥ tr* mrves poly annually.
Risk manwJefrEnt
The Twstees hwe assessed the nwyx r*5 to the chmi is e>pased. in Parti￿￿1 those reL7b
lo Ihe operatK)ns and finances ol the charity. and we satsfed that system5 and procethJTes are in
to mitvJate our exposure to the mapr r￿.
Plans forthe
We are focusing ow efforts ￿ThI}st •nt¥8ty in supwbng Tr Israel OF￿ through its Meitar StL*Jio
for the development of the next generatw)n of youn9 Israeli ￿ra Singws. As suth it 1$ an ethcatiwal
and deveh)pmgntal chanlable endea￿￿1. are attèmpts"rKJ to expand ￿ athibÈs and br(iadèn our
donors base to contritrrtrte tu*ards new lsr*l owa proJ¥ts.
2511112024
The twstee5' annual reF#Nt was on .............................. ￿ned on behaff of the board of
trustees ty:
MT Davkj Buehler. Chainygn
Trustee

FRIENDS OF THE ISRAEL OPERA TRUST
Independent Examinetrs Report to the Trustèes of FRIENDS OF THE ISRAEL
OPERA TRUST
Year ended 31 March 2024
I report to the exAffAnab"on (* Ihe State￿nts ol FRIENDS OF THE ISRAEL
OPERA TrUST I'the dprity'l tor the Y￿ ended 31 March 2024.
Respon$ibilitio* and basls of rep(Yt
As the Twslees of the chaity. you are responsible lor Ihe wepwatkni of the ac£ounts in ￿e0rd￿)Ce
with tho r¢quirerronis ol Ihe ChariliesAcl 2011 (the 2011 Aeri.
I re￿rt in respect of nry examinatmjn ol clwitys accwnts carri8AI cArt uThJer sectthi 145 of the
2011 Act aryj in ¢arying out my eXw1natr￿. I have folknved all Directions given by thè
Charty ComnNssion uTrJer sectth 1445llbl of the 2011 ACL
I have cCffll￿eted my exarrination. l ¢>)nfim Ihal no rnaterial rnatters have ￿rr* tr> rry attenbon in
neclion with the examination gThing ￿ ouse to t￿leVe that in any matsn.al respect
l. aC￿￿nting rettyds **re ncl kept in res￿ ofthè L*arrty as reqwred by secb.on 130 ofthe * or
2. the financial statements th) n(rt￿rd with those ￿￿￿S,. or
3. the f￿antial stateffEnts do not CW wrth the 8PFAK*blÈ requffen*nts C(￿￿*m1n9 the fDm aK1
content of set out in thè Charities lAc￿￿nts and ReFKM151 RegulatKins 2008 other than any
requirerrent that the ￿￿rtS gr¥E a ar*J vitr#¥rtKh 15 not a matty ￿￿￿dered as part ol an
indepertdenl exanwnat*Jn.
I havé no WKI h•e coff* ayoss no other rrottws in connect*)n with the eXaM￿￿n to
whth attentk)n shoukl be drawn in thi5 rerx)rt order to enabk a proper understanding of the
ounls lo fexhej. However, Ihe tharity &)es show a surplu5 of £2Q.976 l understsrKI has
teen lecti￿d the bal&Kt sheet date of 31 March 2024.
Fen￿ W HvJgins FCA
IndeFendent Examiner
4th Fkx
S￿9 Great ma￿￿h Street
LoThJon
W1F7JY
25111r2024

FRIENDS OF THE ISRAEL OPERA TRUST
Statement of Finan¢lal Aclfvllles
Year ended 31 March 2024
2023
JThJs Td41 fund8 Totsl fur#Js
Income and endowments
Donat*)ns and legaces
Total incom•
21,212
21,212
11.536
21,212
21.212
11,536
Expondituwe
Eynrjiture on rat51ng fijnds".
Costs of raIS￿g ￿(￿at￿>￿8 a￿1 events
ExF￿dItule on clwilable aLaMtse5
169
8.868
4,K21
Totsl exptnditu
9.037
9.037
4.621
Net Income and net Movement In funds
12,175
12.175
6.715
R•eoneiliaiion ol furtds
Totsl lunds broughtfoNR
Totsl fvnds forward
8,801
8,801
2,086
20,976
20,976
8,801
The stateTh￿nt of financial athitiE5 inthdps all gains and Icsses recc*JniwJ in the year.
I Inc￿M￿ and •xpeThJlture denve from ccfflts"nuing th[t￿.

FRIENDS OF THE ISRAEL OPERA TRUST
Statemont of Financial P￿illon
31 March 2024
2024
2023
Current a8s•ts
Oebtors
Cash at bank aThJ in hand
1.048
9,253
23.476
23.476
10.301
CKed*tsrs: amounts lalllng due T*lthin one year
10
20.976
8,801
Total assots l••s curr•nt li•bili¢i
20.976
8.801
20,976
B.B01
Fund$ olth• charlty
UnTestrk#ed fvnds
20,976
8,801
Totsl chath fun(Ib
11
20,976
8.801
These financial 5t*ements were the l))yd of trustees and athorised for tsgJ•
on .251.1112Q24.. arKI are ￿ned behalfof the boad ty:
tr Davwj Buchler. Chaiinan
Trust88

FRIENDS OF THE ISRAEL OPERA TRUST
Notes to the Financial Statements
Year ended 31 March 2024
General InfornMtIoTr
The charity ￿ a benefft entrty and a regFS1w￿ d￿rity in EnglaThl and Wales and 15
unir￿r￿Tated. The address ofthe Fnncipal offre is 64 N(Yth Rryw. Mayfair. London. W1 K 7DA.
St•tsrnnt of¢omplianEe
These finanaal staleryÈnts have t*en p￿p¥*d in c(M7¥Jlian￿ FRS 102. The Finanual
Reporting standa￿ app1Ka￿e in the UK and the Repu￿￿ of Irekn)d'. the Ststement of
RecAJrnmend&J Practhe aWicab* to Charit￿s preparirNJ th￿[ ar￿￿nts in ￿￿rdance the
Financia Reporting Standard apF4icAb￿ in the UK and Rewblic of Ir*ThY {FRS 1021 (Charitie5
SORP IFRS 10211 and Ihe Charikn Act 2011.
Accountwig policie•
The financia Stat￿nts have teen F¢epa￿d on the hisicrt21 c#)st basL%, as mdified by the
revaluation of Certain ffinan0￿ assets and and in¥8sb)wnt properbes nRasured at Fair
value thr(Kffjh exFthJrture.
The finanL¥al statements are is the funciKI￿II (xjw ol the entity.
ThpJe We no material ur￿rta￿11￿ chwtys sbury to conlfjnue.
FurKI xcountlng
Unrestncted lunds are available knr usé at tr* thscretsn of the tfustees to further of the
charity's WTF¥)￿.
DeshJnated funds are ￿reStr￿*d funds &Ymar￿ by the tnjstees for pariK#Jlar futu￿ or
ctynmibnent.
R¢¥thcted fvnds ￿ ¥ubpcted tt> re5mb￿S w ihwr expendtttK¢ dedar&J by the doTrJr or
thr￿gh the term5 of an appe31. ènd fal into one of SU￿ restrLted incon* ffiJnds or
wn*nt fvnd&

FRIENDS OF THE ISRAEL OPERA TRUST
Notes to the Financial Statsmonts
Year ended 31 March 2024
A¢¢ounllNJ polki•s
l incoming res(NJrces are in the staterrEnt of financAI %tNrfTres w￿n entitlement has
passed to the c*arity: (£ 1$ that the •coTh)mr beneffts asKKkqted with Ihe ￿$aCt￿n will
to the Ch￿tsT and lh¢ am)unt can be Th￿asUred. The folwno speufic Pj￿ieS are
appked to parbcJJ ar categories of inC￿rrE..
orrw frc4n ¢JonatK*ns or g￿ts Is recognL*ed ￿ there is ev#Jence of enb"tlement to the
, rtt*pt s probat4e and its affthjnt can be Th*asured relkabty.
legary incw* is rtCts3rMs#d vA*n reeeipt ts prcbaNe and eOtrdèr￿nt 1$ e$￿￿ed.
come from d(¥￿ted wls i& ff*a5ur*J at th8 fwr ol ￿ gorrtts this is
npradtsl b nkawre relk8bty. in which case the value i8 derweo from the cost to the dOr￿r
or the estimated resa￿ vabJe. tM%)ated facih'ttes servvs are recLyJnised in the
cwnts when rwed rf the value can te re￿lY measured. anN)unls ￿ included for
the c￿tri￿￿thn of ge￿ra1 vobjnteer
incomÈ from contr*ts tho gJFvty of servw B retts3nsed wrth the ￿e￿ery of the
Ont￿tell Ser¥￿e. This is dassified as LW)restrKtid fr1￿1$ unkss there is a ￿ntra￿￿81
requitenmtfor it to te SFent on a I￿rt￿lar pu￿ and ￿tymed if un5penl, in whK* (•
Expendrture is rec£¥Jnised on an ￿#￿5 basis as a IBtifty is incurrwj. ExFenditure indudes any
VAT which Can￿t be fij1￿ recovered, ar￿ ￿ c￿fJed under h8aging5 of the statement tsf
fmancial to rt reLates.'
exp￿rture on Ta￿1n9 lunds indudes costs of all lUndR￿fig Xtivknfrs. events.
nOn-chafrtab￿ tradwig actiV￿e$. arKI the sale of (h)nated g(x)ds
exp&)Yiiure on thwrtable thTth"e5 all ry)sts imirted by a charity in undertakirKJ
vitEs Ihal ftjrther rts chartiabbè aims for the tenefil of it5 ￿￿e[￿rieS. indudirwa those
support costs and costs relabng to the g(werrw of the charity a￿￿￿t￿ned to charitab
olhèr experditure ￿ludeS dl expenditu￿ Ihat is r*ilher relaied to Tal￿n9 funds lor the
tharity nor pwt of rt5 expendI￿rE on ch￿tIe thiies.
I costs are alb3ted to e¥4wKliiure ¢ale90r￿S rellecting th8 usa of lh8 fesource. Dire(1 Costs
attnbutable to a ¢ing* th'ty are alhxated dKrE(* to thai activty. Shared costs are apporboned
t*Wn the adN"th'es the4 ojntritrth to cn a reasonab￿. jus1irHb￿ and con&slenl basi5.
A fina￿￿?1 asset Jr a fi￿Cial is rwni*d ¥then the tharty b￿orneS a party to the
Basie fin*)ual instruments we intslty recognised at the aff￿nt rttsvable or P￿able includir¥J

FRIENDS OF THE ISRAEL OPERA TRUST
Notes to the Financial Statements (r
Year ended 31 March 2024
Accovntlnq wllcles (conOnwdJ
Flnanclal I￿truMents
Current assets and current li?￿.11￿$ are subwuenty D￿SJred at the cash or other
consijeration expected to be PaKI or rewed and rM)t disownted.
Debt inslwments are subsequenty Meas￿ at an￿￿1$ed cJ)sL
IAfftere investrnents in shwes are Iraded or ther lav Val￿ can otherw4se te measured
rehabty. the invest￿nI i8 subseqvenlty ffeasured at fair vabje with changes in fair valuè
recc*Jnised in income and ey4)endrture. Al other such investrnents a￿ sUbseq￿nIty ffEasured at
cost kss impaimienL
Other financial instnjments. induding d¢rivativ8s. arp initiany reL[Sn￿ at fair value. unle55
PaY￿&t for an asset Is ￿eler￿ beyoTvJ nowmal busine55 or f￿ar￿d at a rate of inlerest
that is not a nmrket rate. in whrh case the asset is n￿su￿ at the wesent valu& of the lutu
payM￿ts discwntaj at a market Trte of interest for a swrdlar debt trthrw)t
Other financd instwTh*nts are subseqwity rrÈasLtyJ at fair value. wim any changes
retognisèd ID the State￿nt of ffinancial thbes, wth the exceplKJf of hedging in$truments in a
esNJnated Iwing r91atw)nshi
Financial assets that are measured al ¢))st or amrtised cost aio revi8wed for objective evidence
of impaimwtt at the end of eath rEF(rfbng date. If there i8 obpcbve evhdence of impaimenl, an
iryairmeTrt k)ss i% reCLwJ￿L￿ed under the atwviate heading In the slatement of financk31
activittes in whth Ihe inrtkql gain was fecognise
Fu all a]uty instruments regatdTess of significance, and other ￿o￿la1 assets that are
indrvidvalty $￿n￿C3nt. these are assessed indmdualty for mpairrr￿l finan¢ial a55ets are
•th8r assessed indNKliially or grr#J￿j on the bas* of *mrfar risk characaeristK8.
Any reversals of impairment are recognised Knmediatèty. to the eX￿t Ihal the reversal not
Jlt in 8 carrying amunt of the ￿Tr￿cIal asset that exceed5 what the carying amount would
have bw had Ihe irrpaimieni not PIEv￿j* t*en rttc￿nr￿.
Donatk¥ng and l•gael•s
unrestr*￿ Total Funds Unrestth Total Funds
Funds
2024
Funds
2023
Donallons
Income-Evenl and donalK)ns
Incrynfr Lipwcth Evenl
Inccrfne. A Rano Meets ScywKJ Event
Inccthe- Oe¢ 10th Event
1.D)D
5.251
5,285
5.251
5.285
21,212
21.212
21.212
21,212
11,536
11.536

FRIENDS OF THE ISRAELOPERA TRUST
Notss to the Financial Statem￿ts i¢•niknwdJ
Year ended 31 March 2024
Costs of Trising (knatlons and evenis
Ulre￿IC￿l T¢ytal Funds UNestrthd Total Funds
2024
F￿d5
2(r23
Events ¢X9an￿IThj expenses
169
Expenditur¢ on chariialjkn a¢ti¥lll¢s by activtty ty
Total fvnds
2024
Total fund
2023
C05ts
A£tNty- donations
Govemane• ujsts
5,CKJO
3.868
3.868
4.821
8.868
8,868
4.821
Net hKomo
Net ineow* is stated alkr C￿1n￿(cl￿￿ng).
2024
2023
Fees payable forthe awjt ofthe statwnents
399
Tnwto• rwnun•ratlon 4nd •xp•n•e•
No Tntstses rec￿¥*1 any remuneralion the year orthe FWIWWS year.
Debtors
2024
2023
Traje deb
1.046
10. Credltors: arno￿￿ f•lllng du• within on• yw
2024
2023
PuNals and defe￿ed
2,5￿)
10

FRIENDS OF THE ISRAEL OPERA TRUST
Note8 to the Flnancial Statements i¢w*u¢
Year ended 31 March 2024
11. Anatysls ol charllab* fund5
Unrestrl¢ted funds
At
31 Ma￿h 202
1 2￿23
Intr)m Exwidrtu
Unrestricted funds lunds
8,801
21,212
19.0371
20,976
At
31 March 202
At
l Aw"12022
lThx)rTh> ExtMdilu
Unreslrthd ftJnd5 &reral fijnds
11,5
{4.8211
8.801
11