CIIAllbTY REGISIRATIQN NUMBER: 1191429 FRIENDS OF THE ISRAEL OPERA TRUST Unaudited Financial Statements 31 March 2025 HIGGINS FAIRBAIRN & CO Chartered accountanls 4th Floor 59 Great Marlbmgh Slreet London W1F7JY
FRIENDS OF THE ISRAEL OPERA TRUST Year ended 31 Alwch 2025 Page Trustees. nUal reFKIrt IndeperKlent examirNwts report k) ts truslees Statewnnt of ffinandal activilies Statement of fthndal position Notes to the financial ststements
FRIENDS OF THE ISRAEL OPERA TRUST Trustees. Annual Report Year ended 31 March 2025 ended 31 March 2025. A•f•r•n adm1nlsIi¥• d•1• Clwity rnglMr•don nthnb•r 1191429 Prknclyl thll L¢kn W1K7DA ridn Noftth. P8uI Faiman. Bank•rs Kiw6 W AU•. Hil. ME19 &IQ Ind•p•nd•nt •x•mln•r F•rknn W HvJgwY& FCA 4th Fkny W1F7JY
FRIENDS OF THE ISRAEL OPERA TRUST Year ended 31 hlarch 21Y25 The c•rly was r¥t8d by a de•J thtod 15th May 1992 •8 a TnJBt oxcbJ6iv for ch&itabl• pX. Tho TN8t is by ts Tru8toBs. th• odNyn£lralh)n IB c4rriod Lwt IrLwn tho Chty$ Philip Sfvwl trustw tIwEa AyJkl b8 idltifigd by miwniw trust8. ITh10&$ we 8pp)int••J urMl8r a Degd of tnlw85t arws. the relmnt tsit•8 or Irusl•o8 Agro8 to withdraw frorn any •nd decision. lor the bJlur6 And In s•ttiry th• mekng p¢ tr th• ydar. Th0 r•Gth for thg ¢yJt on paBO S. n(¢ 4 w#J Pag• 10, 1? g. To 8ummwi80 ifK¥ml r880urco5 onty £5.15312024: É21,212I. A6 ts Bal date. th? ch11 at (l £e.n5 (2024: £20.978}, al
FRIENDS OF THE ISRAEL OPERA TRUST Trustws. Annual Report Year ended 31 IAarch 2025 Rv•ry•s poll¢y Tho Trusl¢o aim to di8trbuto finds rr41 thxir¥J tha yew. b• distribu wh8n 81Mt•bl8 6¥8nts 8fO 8V84Abl& fr)r Ihè chwty to suppcrfl. to Ihe Opwat3 and fin#rtss of tho chwty, and salisfi•J that syst•Tht6 and worthx•s ar• in r to mdpJatO expl8 to the ri&8. Plans kn th8 lulw f(¥ tho dovolopmont ol the next genwall of yryjng 16raeb opera SWKJeTS. 118 wJ( il is 1clIonaI ond d0ve1cnts1 ¢h•ilth w#Yoovcw. Wg ore ottgnwtir¥J Io oxporrfl ow xtivit$ trfoAd•n our 15 Dec 2025 Thg trustees. onThMI rep(xt TABS apwwj on ...................... ..... trusto0s by tr David 8. Chain*n
FRIENDS OF THE ISRAEL OPERA TRUST Independ•nt Examlnefs Report to the Trustees of FRIENDS OF THE ISRAEL OPERA TRUST Year ended 31 IAarch 2025 I rewxt to tho Iru8l•Js on ry ex cl 81rnnts d FREIQ)S OF THE ISRAEL CPERA TRUST for th yew0r•JoLI 31 Mwth %r25. R•JponslbllMl•s •nd basls of i•piwi with lh• ryirwnwtsd tho Chwfioos Aca 2011{ 2011 kr). I rw in ol ffly examiwbon d the dwW8 carrigd QLI un(lar 68CtI 145 of th• 2011 AL and in ¢•ryirg cjjt my 6n1)n. I ha¥ folkymed al the applthble Olro¢lKs gIn by I Charity Corn1 swlion 145(SXbl 2011 Pd 3. th• fa•1 6tsknm•nts &1 nrrt wilh th• rwroThnts lh• lorm and Jtt•nt of 8Ot in th8 IAcoxNIts and R•rL¥tsl R•gul•tions 21X)B otr than Y rwJY8m•nt that th• farf VWaT Thh18 rKI a m•ttor a8 Pwt d an indepondent examinatKffl. r(th attenlb)n strjk1 b& dr8wn in rowt in ordor lo eneI4• 8 proper urMleTrtsndiw¥J ol th& 702( Fwon W Hbxin6 FCA InthporKhrt Exarnir 4th Flo Londo W1F7JY
FRIENDS OF THE ISRAEL OPERA TRUST Statement of Flnanthl Activltles Year ended 31 IAarch 2025 21Y24 knds Total ndS Total fundb In¢om• and •ndonw Donthns and W'o$ Tothl In¢om• 5,153 5,153 21,212 5.153 5.153 21,212 Expon¢wiur• EXd&Ure on r8isiThJ fiJnd&' Costs of rg16lr¥ don•t•x Expendl on ¢haraLIg 8Livrfi86 Totsl •xp•ndthrn 215 19.179 19394 215 19,179 19.394 9.037 N•t (•¥p•n¢fthr•ykn¢om• •nd rwt MO¥• trb fwMIs (14.241) (14.241) 12.175 R•concili1on of ldS Total funds fc*w8rd 20.976 20,976 8,801 6.735 8.735 20.976 The nths on pJgN 7 10 10 pNI ofthme stalernents.
FRIENDS OF THE ISRAEL OPERA TRUST Stat•ment of Flnancl Posttion 31 March 2025 2024 Cash qt ba ar#1 h hwd 0.735 23.476 e,n5 8.735 8.n5 20.976 20.978 20.978 Funds of th• ch•rfty 0.735 20,876 20.976 Total chwity funds 15 t&F.2025 Tnte8
FRIENDS OF THE ISRAEL OPERA TRUST Notes lo the Flnanclal Statements Year ended 31 IAarch 2025 The ¢harity is vd pubk ban6frt orKI a rwystorgd Chwlty in Englond aThJ W81•s and 18 uni)cwthJ. Th8 ldrw of kylrripal ¢ffe 1$ 84 N¢Jth Rtrw. Mayf8k, W1K 70 These frnncaal 81At•m8nts ha¥• b8on in knilh FRS 102. Tho Finonciol Stsndard applieot4• In th• LK and Rèpublic of Ir8larJ', tha Stalwngnt of Financial R•pKyth'ng Standwd in tr UK and R•rthie of Ir8l•rMI (FRS 1021 {Chwit SORP IFRS 1W2>) •rd Act 2011. Accourting poli¢i•s Th• finandal ststem•nts haw b••n W•pd M th• cost basi$, 8s nKrtlifi•d by th Going conc•m Fur •¢¢fjting Urnostrklod ld8 are a¥alalA• for u5• 01 th• dux•lkn of Iwstws to furth8r any of tho Res1rK•J furwjs to roslrKlvTh C e¥pendrtwo dedared by Ihp4 dOr (Y Ihrough thfr term5 01 an appeal. and fal into of sub4aaE8•8'. fBstrict8d irKom¢ fvnds or
FRIENDS OF THE ISRAEL OPERA TRUST Year ended 31 IAarch 2025 Accounng poki•s All KK>JmirwJ ro6(wcw we iluded ffi the Btatern8nt ol IInaW octr4ils ¥hm arrtiugmonl Erft. rwjl IB probb orMI rtsanxxmrt can bg mo¥•d r01. ii¢ome trorn th)rlod good6 is If•sLd at th• foir yu• cl tho wd•GS thiB IB Imwactul to rellaUy. kn wlith Lxso th8 is doriv•d frcffi th8 (%110 th8 dorKY a(xourts rwr4•J il vtho ¢dn bo mS. No anKwnts are quwemBnt fry it to b• wt 8 wpo88 tffjd rntum•d rf urwFrt ea8• VAT whith bo fiAly reco4w. is da55ifi•d undw hO1n1$ of th8 stat8m8nl ffinaTr>al thils lo whth il r•lat8s: dwiity nor part ol tts •xp8ndlw8 on 11¥1$ to a ThjI? 1b¥ty 8lkxal8d ddY lo th8t oo¥ty. Shar8d o)sts are upwlion8d A ffin8nciql 05601 or 8 finono8f fiabffji18 w4cx¥wd fyi dwty a pArty to tho eJ)rtr#clual proThKJn8 of lh• Mi$bwm8nL
FRIENDS OF THE ISRAEL OPERA TRUST Year ended 31 IAarch 2025 relk8bty, the in¥eslm•nl is sth•w•nty m•a$wl al fair v8luo Iwih carys in fatr vall )sl tess Impokmert paymnt fcy assèt is d8fafr•J b6yorwJ r¥ymo1 Lwslnoss tm or fmancod al a rate of Kilerast thBt a mgth•t rats. in c•6e ts abset IB rn8a8ur at th8 pre6ent value of hrtwe Poyrynl8 dscwnled 01 A mark•t korest ILY 8 simlardebt Instwme of Impairmw at Ihe ond of each ret4th9 thlo. If Iherg 15 oiioctwe ovidenc8 ol vnpa1rnt. an Iysrment Ic6s is und8r the apwwiots in thg ststomont of find1 activilw in 7hthith In"81 g•inw85 r. indNklug1ty svJrJf¢anl. thoSO WO 886oswJ kjr IOnI. Olher financial a680ts # asso8 iTr1r81IY or on th• basis crf simlar tyfjtht rl$k thora¢terlstks. rèsult • cawwng ar¥b>t of tho financial asset that eX¢ed$ 7hth•t rxryirla •Twnt wouhj Don•lions •nd l•gacl•s ihwBSI T¢Xd Fd3 unr05t Total Fund6 2025 FuTh4s 2024 l)on•lions 3.154 3.154 1,408 $91 In(>)mo. Oec 101h Event Incom6- Olher Revon 21,212 21,212 5.153 5.153 21.212 21.212 UN8StrK Total Fund5 Unrnslrthd Total Funds Funds 2025 Funds 2024 215 215 189
FRIENDS OF THE ISRAEL OPERA TRUST Noths to the Financlal Statements Y•ar •nded 31 March 2025 2024 xIp4ty- don•b"on6 (821) 1821) 19.179 2025 24 AnW• of ch•rfiabl• fvftds At 31 IAar¢h 20 25 1 Awl 2024 Irthmg Exd1m 20.976 5.153 119.394) 6.735 31 IAr&ch 20 24 1 W 2023 Ir&>yno Expdti 21212 IP,037) 20.978