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￿ adm1nls￿Ii¥• d•1•
Clwity rnglMr•don nthnb•r 1191429
Prknclyl thll
L￿¢kn
W1K7DA
ridn Noftth.
P8uI Faiman.
Bank•rs
Kiw6 W A￿￿U•.
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• p￿X￿￿.
Tho TN8t is by ts Tru8toBs. th• odNyn£lralh)n IB c4rriod Lwt IrLwn tho Ch￿ty$
Philip Sfvwl
trustw tIwEa *AyJkl b8 id￿ltifigd by miwniw trust￿8. ITh￿10&$ we 8pp)int••J urMl8r a Degd
of tnlw85t arws. the relmnt tsi*t•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? ch￿11* 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 r￿r4￿1 thxir¥J tha yew. b• distribu
wh8n 81Mt•bl8 6¥8nts 8fO 8V84Abl& fr)r Ihè chwty to suppcrfl.
to Ihe Opwat￿￿3 and fin#rtss of tho chwty, and salisfi•J that syst•Tht6 and wor*thx•s ar• in
r￿￿ to mdpJatO exp￿l￿8 to the ri&*8.
Plans kn th8 lulw
f(¥ tho dovolopmont ol the next genwall￿ of yryjng 16raeb opera SWKJeTS. 118 wJ(* il is ￿ ￿1￿c￿lIonaI
ond d0ve1c￿nts1 ¢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 81*rnnts 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 6￿￿n￿1)n. I ha¥* folkymed al the applthble Olro¢lK￿s gI￿n by I
Charity Corn1￿ swlion 145(SXbl 2011 Pd
3. th• f￿￿a•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 ot￿r than ￿Y
rwJY8m•nt that th• farf VWaT Th**h18 rKI a m•ttor a8 Pwt d an
indepondent examinatKffl.
r(th attenlb)n str￿jk1 b& dr8wn in rowt in ordor lo eneI4• 8 proper urMleTrtsndiw¥J ol th&
702(
Fw*on 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 •ndo*nw
Donthns and W'o$
Tothl In¢om•
5,153
5,153
21,212
5.153
5.153
21,212
Expon¢wiur•
EX￿d&Ure on r8isiThJ fiJnd&'
Costs of rg16lr¥ don•t•x*
Expendl￿ on ¢har*aLIg 8L*ivrfi86
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•concili￿1on of l￿dS
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 Flnanc*l 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
Tn*te8

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 ¢ff*e 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 Ir8lar*J', 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•p￿*d M th• cost basi$, 8s nKrtlifi•d by th
Going conc•m
Fur￿ •¢¢fj￿ting
Urnostrklod l￿d8 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 d￿Or (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
Accoun￿ng poki•s
All KK>JmirwJ ro6(wcw we i￿luded ffi the Btatern8nt ol IInaW￿ octr4il*s ¥*hm arrtiugmonl
Erft. rwjl IB prob*b orMI rtsanxxmrt can bg mo￿￿¥•d r￿0￿￿1.
ii¢ome trorn th)r*lod good6 is If￿•sL￿d at th• foir y￿u• 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 m￿S￿￿￿. 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 hO￿1n1$ of th8 stat8m8nl
ffinaTr>al thil*s lo whth il r•lat8s:
dwiity nor part ol tts •xp8ndlw8 on ￿11¥1￿￿$
to a ￿ThjI? ￿1b¥ty 8lkxal8d d￿dY lo th8t oo*¥ty. Shar8d o)sts are upwlion8d
A ffin8nciql 05601 or 8 finono8f fiabffji18 w4cx¥wd fy*i 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$w￿l al fair v8luo Iwih c*arys in fatr vall￿*
)sl tess Impokmert
paymnt fcy ￿ assèt is d8fafr•J b6yorwJ r¥ymo1 Lwslnoss tm or fmancod al a rate of Kilerast
thBt a mgth•t rats. in c•6e ts abset IB rn8a8ur￿ at th8 pre6ent value of hrtwe
Poyry*nl8 dscwnled 01 A mark•t k*orest ILY 8 simlardebt Instwme
of Impairmw￿ at Ihe ond of each ret4th9 thlo. If Iherg 15 oiioctwe ovidenc8 ol vnpa1rn￿t. an
Iysrment Ic6s is und8r the apwwiots in thg ststomont of find￿￿￿1
activilw in 7hthith In￿"81 g•inw85 r￿.
indNklug1ty svJrJf¢anl. thoSO WO 886oswJ kjr I￿￿OnI. Olher financial a680ts #
asso8￿ iTr1r￿￿81IY or on th• basis crf simlar tyfjtht rl$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 F￿d3 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 Ex￿d1￿m
20.976
5.153
119.394)
6.735
31 IAr&ch 20
24
1 W 2023 Ir&>yno Exp￿d￿￿ti
21212
IP,037)
20.978