**Charity registration number 1196216**
**Company registration number 13132034 (England and Wales)**
**THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr M Stallard|
|---|---|
||Mr E Scott|
||Mr J Wilcox|
||Mr T Stewart-Sweet|
|**Charity number**|1196216|
|**Company number**|13132034|
|**Registered office**|9 Chess Close|
||Latimer|
||Chesham|
||Buckinghamshire|
||United Kingdom|
||HP5 1UU|
|**Independent examiner**|Mark Jackson FCA DChA|
||Azets Audit Services|
||Westpoint|
||Lynch Wood|
||Peterborough|
||Cambridgeshire|
||United Kingdom|
||PE2 6FZ|
|**Bankers**|Lloyds Bank|
||PO Box 1000|
||Andover|
||United Kingdom|
||BX1 1LT|
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 14|
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Structure, Governance & Management**
## **Governing document**
The Friends of Israel Gospel Ministry (UK) is a company limited by guarantee, incorporated in the UK. In the event of the company being wound up, members are each required to contribute an amount not exceeding £10.
The company is governed under the Articles of Association of The Friends of Israel Gospel Ministry (UK). These articles cover the following elements: Name; Definitions; Liability of Members, Membership; Classes of Membership; Object; Powers; Benefit to Members & Trustees; General Meetings; The Trustees; Obligations of Trustees; Proceedings of Trustees; Powers of Trustees; Trustees’ Interests; Records & Accounts; Indemnity; Rules; Notices; Dissolution.
## **Trustees**
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr M Stallard
Mr E Scott
Mr J Wilcox
Mr T Stewart-Sweet
## **Management of the charity**
The day-to-day management of the FOI -UK is the responsibility of Dr. Michael Stallard, President of the Charity.
## **Public interest**
The Friends of Israel Gospel Ministry, Inc. (FOI-US) was established in the 1930’s as a Christian evangelical organization but with a particular focus on serving the Jewish community in the wake of the Holocaust (see history https://www.foi.org/vision/history/). Since its inception in 1938, the ministry continues to stand against every form of anti-Semitism and support the right of the Jewish people to live in their ancient homeland, Israel (although the organization is not political in nature).
As a worldwide evangelical ministry, FOI is focused on proclaiming biblical truth about Israel and the Messiah, while bringing physical and spiritual comfort to the Jewish people.
FOI achieves this through teaching how scripture reveals God’s love and passion for Jewish people and the biblical significance of the land of Israel. The organization does this at conferences and events, by means of a bi-monthly magazine (https://israelmyglory.org/), and a radio program (https://radio.foi.org/).
FOI-US is registered as 501(c)(3) nonprofit corporation based in the USA. The Friends of Israel Gospel Ministry (UK) is registered as a company limited by guarantee with the Charities Commission.
The organization currently has one representative based in the UK who is tasked with growing the mission of FOI in the UK.
The FOI (UK) representative will:
1. Attend evangelical church meetings as a guest speaker to tell people about the work of FOI
2. Coordinate and run Honor Israel nights at local synagogues and other venues
3. Hold meetings and distribute literature about FOI
4. Maintain a bookshop for the sale of resources, literature and books published by FOI and other related authors
- 1 -
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Missionary, evangelical mission**
FOI produces literature, videos, radio programs and magazines which are distributed worldwide. It will be the work of the organization to promote this in the UK. The organization, as an independent organization will monitor what literature is produced to ensure that this is purely charitable and only promote material which is purely charitable. However, it should be said that this material will be from the US entity in the first instance. As the ministry in the UK grows, the organization will look to produce its own literature to evangelize. Any proselytizing is done sensitively and without coercion. In carrying out the above activities, the Trustees will ensure that the organization and its representatives do not exert any improper pressure on people in distress or need when promoting the works of the organization.
This information is provided in the following venues: Churches, synagogues, meeting halls and other venues. All resources in the form of printed or web-based material will initially be provided by the US parent organization, The Friends of Israel Gospel Ministry, Inc., and promoted/distributed by FOI representatives in the UK. As the UK ministry grows, additional resource material will be produced and provided by FOI (UK).
## **Objectives and activities**
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 2 -
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Program/Ministry Report 2024**
## **Jewish Community news:**
In January we attended Holocaust Memorial services at the Jewish Cultural Centre (JW3) in London and Richmond Synagogue.
In March, at the invitation of the Rabbi, I gave a presentation at Richmond United Synagogue of the work of FOI at a Saturday morning Shabbat service which was warmly received and further helped strengthen our relationship with the Community. In April, we attended a Passover Seder meal at the invitation of the Rabbi. In September we met with the Rabbi to offer support to the Community from a European grant fund held in the USA. We subsequently received a number of options and finally agreed on a grant to enable the less well-off members of the Community to attend festival meals at little or no cost to themselves and a smaller amount to assist with Synagogue youth clubs. In November we joined the Community for their annual service of Remembrance, and in early December we delivered 30 Hannukah gift boxes for those in need within the Community.
We also attended a Passover meal celebration at Wimbledon Synagogue.
In May and November we received personal invitations to receptions held by the National Jewish Assembly (NJA) in London. We sponsored the May event and were given space for an information table where we distributed leaflets describing some of the main areas of support for the Jewish community worldwide. This led to many interesting conversations. At the November event were introduced to 2 Israeli mayors and again Give details of the support FOI gives. We received an open invitation to visit the township of one mayor which we plan to do in 2025.
In March received an invitation from the Chief Rabbi’s office to attend a brunch at the Israeli Ambassador’s residence in London. We were the only Gentiles present and it provided many opportunities to share the work of FOI as well as renewing contact with Israeli Diplomatic staff.
Additionally, we had meetings in September with four Jewish non-profit organisations following the provision of financial grants from FOI UK funds and arranged for future visits in 2025 to meet with staff at their Israel facilities. Additional funds were received in early 2024 enabling the purchase of a second bomb shelter for $20,000. This was places in a kindergarten ion the northern Galilee town of Tzfat (Safed).
## **Other UK Ministry news**
Throughout January, February and March, we led a 9-week ‘Bridges’ course and an 8-week Common Thread Bible study on Zoom.
Church ministry activity throughout the year included 63 preaching/teaching engagements
Activity in August was minimised due to having cataract surgery in both eyes. Nevertheless.
During October we were in Northern Ireland for a 16-day speaking tour with 10 church engagements where the teaching was focused on the future Salvation of Israel from Isaiah 59-62. This tour included speaking at a previously unknown church.
Blessings,
Trevor Stewart-Sweet Ministry Representative (UK)
- 3 -
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **What FOI-UK will do in the following year (2025)**
Our plans for next year are similar to those of 2024 where our importance will be continuing to be focused on expansion of the ministry of FOI-UK.
As Honorarium provides much of our personal support, we will endeavor to maintain a high level of speaking engagements. This will include planning for a return visit to Northern Ireland and seeking opportunities to further grow the ministry presence in previously unknown churches.
We will also look to increase our contact within the Jewish community through attending commemorative events at the JCC and in Synagogues.
We will also investigate ways of presenting more teaching sessions via Zoom and holding webinars with invited guest speakers.
Mail and email newsletters together with additional electronic communications will be used appropriately to increase contacts with donors, Christian churches, and Jewish friends.
In preparation for the employment of a part-time bookkeeper and administration assistant, we will look to move the bulk of ministry operations from a home-office to an office facility in the local area. This will allow more focus to be placed on ministry activities and donor recruitment.
## **Financial review**
## **Results for the period**
Total income in the year was £117,040 (2023: £82,256). Total expenditure for the year was £51,749 (2023: £56,456).
Expenditure on charitable activity for the period was £45,967 (2023: £48,638) being 89% of expenditure. The cost of generating income was £1,473 (2023: £2,566) being 3% of expenditure. Support and governance costs were £4,309 (2023: £5,252) being 8% of expenditure.
Unrestricted reserves of £82,879 (2023: £36,946) are carried over to the following financial year along with restricted reserves of £23,108 (2023: £3,750)
The Trustees gave their time freely to The Friends of Israel Gospel Ministry (UK) and received no remuneration. No connected persons received any benefit or remuneration from The Friends of Israel Gospel Ministry (UK).
## **Expectations for 2025**
At the present burn rate The Friends of Israel Gospel Ministry (UK) has sufficient funding for current activity levels, programs and commitments in the 2025 year. There are no funding shortfalls or material commitments of concern for the coming year. Fundraising remains an issue and a challenge for most if not all non-profit organizations. Expansion of the donor base remains the preferred approach for 2025.
## **Risk management and reserves policy**
The Trustees consider that there are no major risks at this stage of development of The Friends of Israel Gospel Ministry (UK) related to the financial sustainability of The Friends of Israel Gospel Ministry (UK). Other risks are considered minor and manageable.
The Trustees agreed to defer discussion of financial sustainability until the end of 2024 based on such a time period as a second year of financial measurements can be reviewed. At this stage in the development of The Friends of Israel Gospel Ministry (UK), it is not considered necessary or practical to set aside funds as a reserve.
The trustees' report was approved by the Board of Trustees.
..............................
Mr M Stallard **Trustee**
Date: .............................................18 August 2025
- 4 -
THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE FRIENDS OF ISRAEL GOSPEL MINISTRY {UK)
I report to the trustees on my examination of the financial statèmeftls of The Friends of Israel Gospel Ministry (UK)
{Ihe ¢hartyl lor the year ended 31 Dember 2024.
R•sponsibilltl•s and basls of report
As the Iruslees ol the challty land also its director5 lor the purposes of company lawl you are responsible for the
preparation of the finanaal statements in a¢¢ordance with the requirements ol the Companiès Act 2006 {Ihe 2006
Act).
Having satisfied myself that the financial ststements of the chartty are not required to be 8uditèd under Part 16 of
the 2006 Act and are eligible for indepèndent examination, I report in respect ol my examination of the charty's
financial statements carried out under section 145 of the Charitiès Aet 2011 {Ihe 2011 Act). In carrying out my
examination I have followèd 811 the applicable Directions given by Ihe Charity Commission under seCtn 14515llbl
of the 2011 Act.
Indep8ndent •xamlnerfs statom•nt
I have compleled my examination. I confim that no matters have come lo my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting recoids were not kept in respeel of the charity as required by section 386 of the 2006 Acl., or
the finan¢ial slalemenls dts not accord with Ihose records.. or
the financial statements do not ¢tsrnply with the accounting rèquirèments of Section 39S ol the 2006 Act other
than any requirement that the accounls give a true and 18sr view which 15 not a matter considered as part of an
independenl examination.. or
tho financtal statemènts have not been prepared in a¢cordance with the methods and principles of the
Statement of Recommèndèd Practice for accounting and reporting by Chanlies applicabb to charities
preparing thèir accounts in accordance with the Financl81 Reporting Standard applicable in the UK and
Republic ol Ireland {FRS 1021.
I have no concerns and have comè across no other matters in connection with the examination lo which attention
should be drawn in this reptsrt in order lo enable a proper Linderstanding of the financial stslemenls lo be reached.
Mark Jackson FCA DChA
Westpoint
Lynch Wood
Pelerborough
Cambridgeshire
PE2 6FZ
United Kingdom
Dated.. I I:..f.:..gpz>.
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and
legacies
**3**
52,776
34,050
Charitable activities
**4**
26,029
-
Other trading
activities
**5**
4,185
-
**Total income**
82,990
34,050
**Expenditure on:**
Raising funds
**6**
1,473
-
Charitable activities
**7**
35,584
14,692
**Total expenditure**
37,057
14,692
**Net income for the year/**
**Net movement in funds**
45,933
19,358
Fund balances at 1 January
2024
36,946
3,750
**Fund balances at 31**
**December 2024**
82,879
23,108|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
86,826
30,302
23,182
26,029
25,118
-
4,185
3,654
-
117,040
59,074
23,182
1,473
2,566
-
50,276
34,458
19,432
51,749
37,024
19,432
65,291
22,050
3,750
40,696
14,896
-
105,987
36,946
3,750|**Total**
**2023**
**£**
53,484
25,118
3,654|
|---|---|---|
|||82,256|
|||2,566|
|||53,890|
|||56,456|
|||25,800
14,896|
|||40,696|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 6 -
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2024**_
|**Notes**
**Current assets**
Stocks
**12**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Income funds**
Restricted funds
**15**
Unrestricted funds|**2024**
**£**
3,156
43
106,407
109,606
(3,619)|**£**
105,987
23,108
82,879
105,987|**2023**
**£**
1,640
159
72,323
74,122
(33,426)|**£**
40,696|
|---|---|---|---|---|
|||||3,750
36,946|
|||||40,696|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 29 July 2025.
.............................. Mr J Wilcox **Trustee**
## **Company registration number 13132034**
- 7 -
**THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
The Friends of Israel Gospel Ministry (UK) is a private company limited by guarantee incorporated in England and Wales. The registered office is 9 Chess Close, Latimer, Chesham, Buckinghamshire, HP5 1UU, United Kingdom.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 9 -
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.9 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
52,776
34,050
**Charitable activities**
Income from charitable activities|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
86,826
30,302
23,182
**2024**
**£**
26,029|**Total**
**2023**
**£**
53,484|
|---|---|---|
|||**2023**
**£**
25,118|
## **4 Charitable activities**
- 10 -
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**5**
**Other trading activities**
Income from trading activities
**6**
**Raising funds**
Expenditure on trading activities
**7**
**Charitable activities**
Travel
Office supplies
Occupancy costs
Ministry expenses
Information technology
Share of support costs (see note 8)
Share of governance costs (see note 8)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2024**
**£**
4,185
**2024**
**£**
1,473
**2024**
**£**
12,373
315
3,623
27,520
2,136
45,967
2,433
1,876
50,276
35,584
14,692
50,276|**2023**
**£**
3,654|
|---|---|---|
|||**2023**
**£**
2,566|
|||**2023**
**£**
8,741
281
699
38,435
482|
|||48,638
1,874
3,378|
|||53,890|
|||34,458
19,432|
|||53,890|
- 11 -
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **8 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Exchange Losses
55
-
Postage
1,316
-
Sundry expenses
1,062
-
Independent examination
fee
-
1,620
Legal and professional
-
256
2,433
1,876
Analysed between
Charitable activities
2,433
1,876|**2024**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
55
54
-
1,316
958
-
1,062
862
-
1,620
-
1,560
256
-
1,818
4,309
1,874
3,378
4,309
1,874
3,378|**2023**
**£**
54
958
862
1,560
1,818|
|---|---|---|
|||5,252|
|||5,252|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2023 - £4,285).
## **10 Employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
There were no employees whose annual remuneration was more than £60,000.
## **11 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **12 Stocks**
|**Stocks**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Finished goods and goods for resale|3,156|1,640|
- 12 -
## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **13 Debtors**
|**13**
**Debtors**|||
|---|---|---|
|**Amounts falling due within one year:**
Trade debtors
**14**
**Creditors: amounts falling due within one year**
Trade creditors
Due to Friends of Israel, USA
Accruals|**2024**
**£**
43
**2024**
**£**
722
1,277
1,620
3,619|**2023**
**£**
159|
|||**2023**
**£**
1,488
30,498
1,440|
|||33,426|
## **15 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
||**Movement**|**in funds**|||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|
||**Incoming**|**Resources**||**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**resources**|**expended**|**1**|**January 2024**|**resources**|**expended**|**31 December**|
||||||||**2024**|
||**£**|**£**||**£**|**£**|**£**|**£**|
|Provision of bomb shelter|23,182|(19,432)||3,750|34,050|(14,692)|23,108|
The restricted fund is for the purpose of providing a bomb shelter in Israel.
## **16 Analysis of net assets between funds**
|**Analysis of net assets between funds**|||
|---|---|---|
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**£**
**£**
Fund balances at 31
December 2024 are
represented by:
Current assets/(liabilities)
82,879
23,108
82,879
23,108|**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
105,987
36,946
3,750
105,987
36,946
3,750|**Total**
**2023**
**£**
40,696|
|||40,696|
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## **THE FRIENDS OF ISRAEL GOSPEL MINISTRY (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **17 Operating lease commitments**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Between two and five years|**2024**
**£**
10,255
20,510
30,765|**2023**
**£**
-
-|
|---|---|---|
|||-|
## **18 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 14 -