CHARITY REGISTRATION NUMBER: 1202568
Friends of the Holy Land Financial Statements 31 March 2025
TC GROUP
Statutory auditor 3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG
Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Financial Statements
Year ended 31 March 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent auditor's report to the members | 9 |
| Statement of financial activities | 13 |
| Statement of financial position | 14 |
| Statement of cash flows | 15 |
| Notes to the financial statements | 16 |
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Friends of the Holy Land
Trustees' Annual Report
Year ended 31 March 2025
The trustees present their report and the financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details Registered charity name Friends of the Holy Land Charity registration number 1202568 Principal office Farmer Ward Road Kenilworth Warwickshire CV8 2DH The trustees Rt Rev William Kenney (Appointed 18 April 2024) Janet Benson (Appointed 12 February 2025) Gail Brown Rt Rev James Curry Rev Canon David Longe Rev Lurliene Miller (Appointed 17 September 2025) Susan Oliver Charles Reed David Ryall Michael Swinburne James Quinn (Retired 18 April 2024) Liam Allmark (Retired 1 May 2025) Auditor TC Group Statutory auditor 3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG Patrons His Eminence Cardinal Vincent Nichols, Archbishop of Westminster The Right Reverend and Right Honourable Dr Rowan Williams The Most Reverend Bernard Longley, Archbishop of Birmingham The Right Reverend Christopher Chessun, Bishop of Southwark The Right Reverend Michael Langrish, Retired Bishop of Exeter
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Friends of the Holy Land
Trustees' Annual Report (continued)
Year ended 31 March 2025
Structure, governance and management
Creation, Constitution and Governing Document
The charity was created by a deed of trust dated 26th January 2023 and registered as a Charitable Incorporate Organisation (CIO) with the Charity Commission of England & Wales on 30th March 2023, with registered charity number 1202568.
This new Charity was created in order to take over the work of an existing Charity, also called Friends of the Holy Land, registered number 1130054, (which had been established in 2009), using the legal structure of a CIO, which the Trustees considered to be a more appropriate form of organisation within which to conduct its activities.
On 1 May 2023 the assets and liabilities of the existing charity were transferred to the new CIO, at which point the old charity ceased its activities.
Organisational Structure
Day to day running of the Charity is conducted by a Management Committee consisting of the Chief Executive Brendan Metcalfe, supported by Michael Swinburne, who is a Trustee and the honorary Finance Director, and by Jen Hill, the Office Manager.
Holy Land Committee
There are two offices in the West bank, one in Bethlehem and another opened this year in Ramallah. The offices are managed by the Holy Land Committee. Its members are:
Revd Dr Fadi Diab (Chairman)
Father Fadi is the Rector of St Andrew's Episcopal Church, Ramallah and St Peter's Birzeit. He is Diocesan Secretary of the Episcopal Diocese of Jerusalem.
Mrs Laila Asfoura
Laila is a founder member of the FHL Holy Land Committee. She serves as a Director of St Martha's House, one of the major projects funded by the Charity.
Rt Rev Jamal Khader
Bishop Jamal is a Bishop of the Latin Patriarchate and the Patriarchal Vicar for Jordan.
Mrs Gloria Nasser
A resident of Bethlehem, Gloria holds a BA in Theology from Rome and a diploma as a tour guide from Bethlehem University.
Mr George Sa'adeh
George is Principal of the Shepherds Greek Orthodox High School in Beit Sahour and a former Deputy Mayor of Bethlehem.
Mr Husam Wahhab
Husam is a Certified Public Accountant in Palestine and the USA, and a board member of the Palestine Association of Certified Public Accountants.
Fr Rami Asakrieh OFM
Fr Rami is a Franciscan Brother, the parish priest of the Latin Church of St Catherine in Bethlehem.
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Friends of the Holy Land
Trustees' Annual Report (continued)
Year ended 31 March 2025
The purpose of this Committee is to help manage the activities of FHL in the Holy Land, to identify, recommend, administer and monitor the objects of the charitable donations in line with grant policies set by the UK Management Committee. The Committee was instrumental in ensuring the Registration of the Charity with the Palestinian Authority as a branch of an overseas NGO in Palestine, granting the Charity formal authority to conduct its charitable activities throughout the West Bank and Gaza. Support by the Charity to Christians in Israel and Jordan is made direct from the UK or through other local institutions.
The members of the Committee are all volunteers. Day to day administration, identification of beneficiaries and recording of the Charity's activities in the Holy Land is carried out by the two local offices and reported to the UK.
The Chief Executive of the charity is closely involved with the Local Committee, often attending their meetings by zoom, and supporting their development and effectiveness.
Review and Strategic Plan
In April 2022 the Trustees of the original formally approved an updated Strategic Framework and Plan for the next five years. The CIO has adopted this five-year plan. Progress against the Plan is monitored by Trustees at their quarterly meetings, and the Plan is used to help direct and prioritise the work of the Management Committee.
Recruitment, Appointment and Training of Trustees
Changes to Trustees are noted on the first page of the report and biographical details of Trustees are available on the Charity's website.
A standing sub-committee of two trustees plus the Chief Executive is tasked with identifying and interviewing prospective new trustees, with a view to maintaining an effective board of trustees and managing the retirement of existing trustees and the recruitment of new trustees.
On appointment all new Trustees are issued with a "Trustee Information Pack" containing, amongst other things, copies of the Trust Deed, the latest Financial Reports and the Trust's policy documents.
Governance and Internal Controls
The Trustees at their quarterly meetings have a clear focus on the correct governance of the Charity. This includes the approval of the Charity's policy documents and monitoring compliance therewith and receiving written reports from the Chief Executive and the Treasurer. The Charity operates under an approved set of Standing Orders and a written Delegation of Powers.
Trustees have constituted a Finance & Administration Sub-Committee, consisting of the Treasurer and three other Trustees, with responsibility for supporting the Management Committee in those areas, and also for determining the remuneration of the Chief Executive.
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Friends of the Holy Land
Trustees' Annual Report (continued)
Year ended 31 March 2025
Objectives and activities
Trustees have recently updated the Charity's Vision as being: "For Christians to remain and thrive in the Holy Land so that they may build just and lasting pathways to peace in the land where Jesus walked serving the common good of the entire region."
Our Mission is:
"to secure and sustain the Christian community in the West Bank, Gaza, Israel and Jordan. We directly provide practical support with everyday living costs to our brothers and sisters in Christ. We invest in their future by providing access to education and by backing small businesses. In the support of this mission we build close relationships between the wider Christian Community and our brothers and sisters living in the Holy Land."
We support this mission through four areas of activity:
Raising Awareness
We have continued to communicate with our supporters with newsletters and appeals during the year. We are expanding our social media communications and also issue regular virtual newsletters to our supporters via email. We are also working to extend our reach into non-traditional Christian communities across the UK. Updated branding and an improved website were launched in November 2025.
Encouraging Prayer
At the heart of our encouragement to prayer are the monthly reflections that are posted to our website. The wide range of contributors shows the breadth of our support and hopefully will inspire readers to maintain their prayerful support for our activities and the communities we aim to help.
Generating Funds
A strength of the Charity is the wide variety from which our income arises, including monthly standing orders from supporters, local appeals and fundraising events in churches across the country, engagement with grant-giving trusts and foundations, individual personal donations and of course legacies.
Encouraging Pilgrimages
This is a challenging area, where because of the general security and political climate in the Holy Land, very few pilgrimages are taking place. This creates real economic hardship for communities that depended on them for their livelihood. During the year the Charity arranged for a familiarisation trip for a small group of church leaders to visit pilgrimage sites in Jordan, which is unaffected by the challenges of life in the West Bank. And we note that leaders of the main Christian denominations in the Holy Land are encouraging pilgrims to return. We will see what 2026 brings.
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Friends of the Holy Land
Trustees' Annual Report (continued)
Year ended 31 March 2025
Delivery of charitable activities
Following a review the Charity has determined a new categorisation for the work we do in the Holy Land. We now identify our work across three broad strands:
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Humanitarian: aid for immediate need
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Development: nurturing talent and entrepreneurship for longer-term sustainability
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Healing: restoring dignity and community support
Our total grants paid in the year amounted to £935,000, a 47% increase on 2024, when grants totalled £673,000.
Humanitarian
This activity includes our family support grants, our ad hoc grants responding to cases brought to our local offices, medical support through grants to a number of institutions to support treatment of those unable to pay, a grant for the first time to the Jerusalem African Community Centre which supports refugees primarily from Eritrea, Sudan and Ethiopia, and of course continuing grants to Gaza, channelled through either the Latin Patriarchate or the Diocese of Jerusalem. Grants in this strand totalled £429,000 (2024: £385,000).
Development
Development projects include our continuing support for vocational scholarships and subsidies for school fees, ongoing water projects and a new programme of small business grants. The Charity offers grants of up to £2,250 per small business for essential equipment, and so far the range of businesses supported has included a beauty parlour, a toy store, a candle making enterprise and a honey farm.
Healing
Within this strand we include our long-standing support to the School of Joy, which provides education for children with special needs, and to St Martha's House the day centre for elderly women. We have expanded our trauma support delivered through summer camps for young people. And we continue to provide short-term employment support enabling Christian organisations to enable to provide temporary work opportunities for people who have been made unemployed because of the dire economic conditions in the West Bank. Grants in this strand totalled £297,000 (2024: £125,000).
Our updated website provides much more detail of our activities within these three categories and presents case studies of those who have benefited from the grants the Charity has been able to make.
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Friends of the Holy Land
Trustees' Annual Report (continued)
Year ended 31 March 2025
Financial review
Financial Performance
Income was derived from individual donations and legacies, charitable trusts & foundations, through local support groups, from appeals in parishes and dioceses and through specific appeals launched during the year. We also generate a small amount of income through the sale of olive wood products, crafted in Bethlehem, and through the sale of Christmas cards.
Total Income of £1,645,000, is slightly down on the prior year reported Total Income of £1,685,000. However, last year's income included £393,000 which was the transfer into the new CIO of the net assets of the predecessor charity. Ignoring this, underlying income last year was £1,240,000. And so the real growth in income from last year to this is £405,000 or 33%.
Included within the current year income is a legacy from the estate of a resident of Jersey, notified before year end, received in September 2025, for £267,780.
We started the year with accumulated funds totalling £721,000 and we had clear plans to increase significantly the level of grant giving, so as to reduce the level of carry-forward funds. As reported above, we were successful in increasing grants, but the continuing success of our fund-raising efforts and the generosity of donors meant that despite a £262,000 increase in grants paid, our overall level of funds has risen to £1,035,000. This position does however mean that we are well-placed to respond to the needs of the Christian communities in the Holy Land, and we hope that the fragile ceasefire in the Gaza conflict will provide greater opportunities to deliver practical help in 2025-26 and beyond.
Reserves Policy
Where restricted donations are received and not spent within the financial year, we hold a Restricted Fund to ensure that the moneys are duly spent in the specific area in subsequent years. As at 31 March 2025 there are two such Funds, for the School of Joy and for Water-related projects. Together these amount to £92,794.
As the Charity grows it is the policy of the Trustees to hold as a Designated Fund a Financial Reserve to cover the equivalent of six months administration expenses in the UK and the Holy Land. This amounts to £200,000.
In addition, we hold a further Designated Fund as a Contingency Reserve to ensure six months continuity of operation for key areas of our charitable activity (including St Martha's house and the humanitarian support programmes). This amounts to £45,000.
We have also established a Designated Emergency Fund of £50,000, so that we are always able to respond rapidly to priority requests for assistance.
The legacy received during the year of £267,780 is far larger than any such amount received in the past, and Trustees have determined to create a Designated Legacy Fund to hold this and other legacies that might be received in the future. The appropriate use of this fund will be discussed and agreed by Trustees in 2026, with a view to establishing some longer-term programmes to assist the recovery of Christian communities in the Holy Land once the current hostilities are behind us. Together with two smaller legacies received in the year, this fund stands at £282,780 at the balance sheet date.
The balance of our funds is held in a non-designated General Fund amounting to £364,760. Trustees plan that this should reduce during 2025-26, as we identify new elements of support that we can offer.
Pensions
The Charity contributes to a Defined Contribution scheme on behalf of its employees, satisfying the Charity's obligations under the Auto-Enrolment regulations.
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Friends of the Holy Land
Trustees' Annual Report (continued)
Year ended 31 March 2025
Going Concern
Whilst the Trustees are mindful that the Charity is dependent upon income and donations from individuals and Charitable Trusts/Foundations, they have a reasonable expectation that this will continue for the foreseeable future. Furthermore, grants are only made following the receipt of donations and for these reasons it has adopted the 'going concern' basis in preparing the financial statements.
Risk Assessment and Management
The Charity maintains a Risk Register, reviewed annually by Trustees.
The highest-level risk that the Charity faces is the threat that we find ourselves simply unable to operate and deliver our programmes in the Holy Land, due to the Gaza conflict and the growing tensions and restrictions in the West Bank.
Second level risks include:
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Failure to meet our fundraising targets, which would threaten our ability to deliver our objectives
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Failure to comply with UK legislation caused by the Charity associating, knowingly or otherwise,
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with the activities of proscribed terrorist organisations in the region
Failure to maintain compliance with local regulations in the West Bank, threatening our registration as an NGO with the Palestinian Authority
Trustees believe that here are proportionate and adequate controls and procedures in place to manage these risks.
Investment Policy
Under the Constitution of Charity, the Trustees have powers to deposit and invest funds. In accordance with this power, the charity has opened a cash deposit account with the Epworth Cash Plus Fund, to manage surplus cash balances.
During the year the Charity received a gift of shares in a company listed on the London Stock Market. These shares were valued at £23,575 on 31st March 2025. It is the intention of Trustees to sell the shares during the next financial year, so that the cash proceeds may be used in the furtherance of the Charity's aims. Apart from this shareholding, the charity has no investments apart from cash balances with Epworth and the National Westminster Bank.
Public Benefit Statement
The Trustees consider they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. The Charity's activities satisfy the objectives set out in its constitution and described on page one of the Annual Report and Accounts.
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Friends of the Holy Land
Trustees' Annual Report (continued)
Year ended 31 March 2025
Trustees' responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume
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that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees confirm that the above requirements have been complied with in the financial statements.
The trustees' annual report was approved on 30[th] January 2026 and signed on behalf of the board of trustees by:
Rt Rev James Curry Trustee
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Friends of the Holy Land
Independent Auditor's Report to the Members of Friends of the Holy Land
Year ended 31 March 2025
Opinion
We have audited the financial statements of Friends of the Holy Land (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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Friends of the Holy Land
Independent Auditor's Report to the Members of Friends of the Holy Land
(continued)
Year ended 31 March 2025
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:
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the information given in the trustees' report is inconsistent in any material respect with the financial statements; or
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adequate accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
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Friends of the Holy Land
Independent Auditor's Report to the Members of Friends of the Holy Land
(continued)
Year ended 31 March 2025
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We have reviewed financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. We have audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. We have also made enquiries of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
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Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
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Friends of the Holy Land Independent Auditorfs Report to the Members of Friends of the Holy Land (continued) Year ended 31 March 2025 Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading lo a material misstalemenl in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stslements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding iriegularities occurring due lo fraud rather than error, as fraud involves intentional concealment. forgery. collusion, omission or misrepresentation. A further description of our responsibilrties is available on the FRC'S website al https.Ilwww.frc org.ukJlibrarylstandards-codes-wlicylaudft-assurance-and4hi¢slauditors-responsibilili es-for-the-audiv U8• of our report This report is made solely to the charity's members, as a body, in aordance with section 144 of the Charities Act 2011 and regulations made under seclion 154 of that Act. Our audit work has been undertaken so that we might stale lo the ¢harity'5 members those matters we are required lo stale lo them in an audilorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, ft)r our audit work, for this report, or for the opinions we have fomigd. Philippa Miller.Hawkes BA ACA For aThd on bèhalf of TC Group Statutory audrf¢or 3B Swallowfield Coutyard Wolverhampton Road Oldbury Wesl MidLgnds 869 2JG 3Iyh January 2026 12 Doc ID.. 4096b3d17f6dc84a623220e58234fabdc13a4d42
Friends of the Holy Land
Statement of Financial Activities
Year ended 31 March 2025
| Period from | |||||
|---|---|---|---|---|---|
| 1 May 23 to | |||||
| Year | to 31 Mar | 25 | 31 Mar 24 | ||
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 1,455,843 | 131,964 | 1,587,807 | 1,633,849 |
| Other trading activities | 5 | 37,698 | – | 37,698 | 45,444 |
| Investment income | 6 | 20,293 | – | 20,293 | 6,104 |
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | ----------------------------------------- | ||
| Total income | 1,513,834 | 131,964 | 1,645,798 | 1,685,397 | |
| ========================================= | ================================ | ========================================= | ========================================= | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of other trading activities | 7 | 18,306 | – | 18,306 | 26,073 |
| Expenditure on charitable activities | 8,9 | 1,128,873 | 184,112 | 1,312,985 | 937,996 |
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | ----------------------------------------- | ||
| Total expenditure | 1,147,179 | 184,112 | 1,331,291 | 964,069 | |
| ========================================= | ================================ | ========================================= | ========================================= | ||
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | ----------------------------------------- | ||
| Net income | 366,655 | (52,148) | 314,507 | 721,328 | |
| ========================================= | ================================ | ========================================= | ========================================= | ||
| Transfers between funds | (12,234) | 12,234 | – | – | |
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | ----------------------------------------- | ||
| Net movement in funds | 354,421 | (39,914) | 314,507 | 721,328 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 588,620 | 132,708 | 721,328 | – | |
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | ----------------------------------------- | ||
| Total funds carried forward | 943,041 ========================================= |
92,794 ================================ |
1,035,835 ========================================= |
721,328 ========================================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 16 to 27 form part of these financial statements.
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Friends of the Holy Land
Statement of Financial Position
31 March 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 15 | 1,127 | 1,019 | |
| Investments | 16 | 23,575 | – | |
| ---------------------------- | ----------------------- | |||
| 24,702 | 1,019 | |||
| Current assets | ||||
| Stocks | 17 | 5,187 | 2,577 | |
| Debtors | 18 | 356,785 | 80,339 | |
| Cash at bank and in hand | 692,374 | 685,019 | ||
| ----------------------------------------- | -------------------------------- | |||
| 1,054,346 | 767,935 | |||
| Creditors: amounts falling due within one year | 19 | 43,213 | 47,626 | |
| ----------------------------------------- | -------------------------------- | |||
| Net current assets | 1,011,133 | 720,309 | ||
| ----------------------------------------- | -------------------------------- | |||
| Total assets less current liabilities | 1,035,835 | 721,328 | ||
| ----------------------------------------- | -------------------------------- | |||
| Net assets | 1,035,835 | 721,328 | ||
| ========================================= | ================================ | |||
| Funds of the charity | ||||
| Restricted funds | 92,794 | 132,708 | ||
| Unrestricted funds | 943,041 | 588,620 | ||
| ----------------------------------------- | -------------------------------- | |||
| Total charity funds | 21 | 1,035,835 ========================================= |
721,328 ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 30[th] January 2026, and are signed on behalf of the board by:
Rt Rev James Curry Trustee
The notes on pages 16 to 27 form part of these financial statements.
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Friends of the Holy Land
Statement of Cash Flows
Year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 314,507 | 721,328 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 391 | 288 |
| Other interest receivable and similar income | (20,293) | (6,104) |
| Accrued (income)/expenses | (4,413) | 47,626 |
| Net book value of assets transferred to new charity | – | (259) |
| Changes in: | ||
| Stocks | (2,610) | (2,577) |
| Trade and other debtors | (276,446) | (80,339) |
| -------------------------------- | -------------------------------- | |
| Cash generated from operations | 11,136 | 679,963 |
| Interest received | 20,293 | 6,104 |
| ---------------------------- | -------------------------------- | |
| Net cash from operating activities | 31,429 | 686,067 |
| ============================ | ================================ | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | (499) | (1,048) |
| Purchases of other investments | (23,575) | – |
| ---------------------------- | -------------------------------- | |
| Net cash used in investing activities | (24,074) | (1,048) |
| ============================ | ================================ | |
| Net increase in cash and cash equivalents | 7,355 | 685,019 |
| Cash and cash equivalents at beginning of year | 685,019 | – |
| -------------------------------- | -------------------------------- | |
| Cash and cash equivalents at end of year | 692,374 | 685,019 |
| ================================ | ================================ |
The notes on pages 16 to 27 form part of these financial statements.
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Farmer Ward Road, Kenilworth, Warwickshire, CV8 2DH.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity and as such, advantage has been taken of the following disclosure exemptions available under FRS102:
- Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 33% straight line
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 1,149,488 | 131,964 | 1,281,452 | ||
| Donations - transfer from unincorporated charity | – | – | – | ||
| Legacies | |||||
| Legacies | 15,000 | – | 15,000 | ||
| Notified Legacies | 267,780 | – | 267,780 | ||
| Gifts | |||||
| Gifts of Shares | 23,575 | - | 23,575 | ||
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | |||
| 1,455,843 | 131,964 | 1,587,807 | |||
| ========================================= | ================================ | ========================================= | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 1,008,182 | 232,378 | 1,240,560 | ||
| Donations - transfer from unincorporated charity | 247,874 | 145,415 | 393,289 | ||
| Legacies | |||||
| Legacies | – | – | – | ||
| Notified Legacies | – | – | – | ||
| Gifts | |||||
| Gifts of Shares | – | – | – | ||
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | |||
| 1,256,056 | 377,793 | 1,633,849 | |||
| ========================================= | ================================ | ========================================= | |||
| 5. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Olive wood products | 37,698 | 37,698 | 45,444 | 45,444 | |
| ============================ | ============================ | ============================ | ============================ | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 20,293 | 20,293 | 6,104 | 6,104 | |
| ============================ | ============================ | ======================= | ======================= | ||
| 7. | Costs of other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Olive wood products | 18,306 | 18,306 | 26,073 | 26,073 | |
| ============================ | ============================ | ============================ | ============================ |
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
8. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Grant making | 751,438 | 184,112 | 935,550 | ||
| Support costs | 377,435 | – | 377,435 | ||
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | |||
| 1,128,873 | 184,112 | 1,312,985 | |||
| ========================================= | ================================ | ========================================= | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Grant making | 405,324 | 266,427 | 671,751 | ||
| Support costs | 266,245 | – | 266,245 | ||
| -------------------------------- | -------------------------------- | -------------------------------- | |||
| 671,569 | 266,427 | 937,996 | |||
| ================================ | ================================ | ================================ | |||
| 9. | Expenditure on charitable activities | by activity type | |||
| Grant funding | Support |
Total funds | Total fund | ||
| of activities | costs | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Grant making | 935,550 | 377,435 | 1,312,985 | 937,996 | |
| ================================ | ================================ | ========================================= | ================================ | ||
| 10. | Analysis of support costs | ||||
| Analysis of | |||||
| support costs | Total 2025 | Total 2024 | |||
| £ | £ | £ | |||
| Staff costs | 142,328 | 142,328 | 105,041 | ||
| Communications and Fundraising | 158,675 | 158,657 | 141,630 | ||
| Other Costs | 76,450 | 76,450 | 19,574 | ||
| -------------------------------- | -------------------------------- | -------------------------------- | |||
| 377,435 | 377,435 | 266,245 | |||
| ================================ | ================================ | ================================ | |||
| 11. | Analysis of grants | ||||
| Period from | |||||
| Year to | 1 May 23 to | ||||
| 31 Mar 25 | 31 Mar 24 | ||||
| £ | £ | ||||
| Grants to Beneficiaries | |||||
| Grants to beneficiaries | 935,550 | 671,751 | |||
| -------------------------------- | -------------------------------- | ||||
| Total grants | 935,550 | 671,751 | |||
| ================================ | ================================ |
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
11. Analysis of grants (continued)
Grants were made during the year to the following strands in response to the Charity' objectives:
Humanitarian
| Humanitarian | |||
|---|---|---|---|
| 2025 | |||
| £ | |||
| Gaza Emergency | 52,855 | ||
| Family Support | 89,627 | ||
| Medical & Ad Hoc | 238,070 | ||
| Other Support | 49,079 | ||
───────── |
|||
| Total | 429,631 | ||
════════ |
|||
| Development | |||
| 2025 | |||
| £ | |||
| Education | 45,465 | ||
| Water Projects | 44,778 | ||
| JACC | 43,504 | ||
| Small Business Grants | 50,296 | ||
| AFAQ Project | 24,741 | ||
───────── |
|||
| Total | 208,784 | ||
════════ |
|||
| Healing | |||
| 2025 | |||
| £ | |||
| School of Joy | 93,869 | ||
| St Martha’s House | 69,692 | ||
| Summer Camps | 17,846 | ||
| Temporary Employment | 115,728 | ||
───────── |
|||
| Total | 297,135 | ||
════════ |
|||
──────── |
|||
| Total | 935,550 | ||
════════ |
|||
| 12. | Net income | ||
| Net income is stated after charging/(crediting): | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 391 | 288 | |
| ============== | ============== |
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| Period from | ||
|---|---|---|
| Year to | 1 May 23 to | |
| 31 Mar 25 | 31 Mar 24 | |
| £ | £ | |
| Wages and salaries | 96,175 | 82,839 |
| Social security costs | 9,152 | 6,023 |
| Employer contributions to pension plans | 37,001 | 16,179 |
| -------------------------------- | -------------------------------- | |
| 142,328 ================================ |
105,041 ================================ |
The average head count of employees during the year was 5 (2024: 4).
The number of employees whose remuneration for the year fell within the following bands, were:
| 2025 | 2024 | ||
|---|---|---|---|
| No. | No. | ||
| £60,000 | to £69,999 | 1 | 1 |
| ============== | ============== |
14. Trustee remuneration and expenses
The trustees give freely their time and expertise without any form of remuneration or other benefit. During the year, 4 trustees (2024: 2) were reimbursed travelling expenses amounting to £537 (2024: £438).
During the year, a close family member of one of the trustees was employed by the Charity on a part-time, temporary basis in the UK office. Remuneration paid in respect of this employment amounted to £4,683.
15. Tangible fixed assets
| Equipment | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| At 1 April 2024 | 6,058 | 6,058 |
| Additions | 499 | 499 |
| ----------------------- | ----------------------- | |
| At 31 March 2025 | 6,557 | 6,557 |
| ======================= | ======================= | |
| Depreciation | ||
| At 1 April 2024 | 5,039 | 5,039 |
| Charge for the year | 391 | 391 |
| ----------------------- | ----------------------- | |
| At 31 March 2025 | 5,430 | 5,430 |
| ======================= | ======================= | |
| Carrying amount | ||
| At 31 March 2025 | 1,127 | 1,127 |
| ======================= | ======================= | |
| At 31 March 2024 | 1,019 | 1,019 |
| ======================= | ======================= |
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
16. Investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 April 2024 | – |
| Additions | 23,575 |
| ---------------------------- | |
| At 31 March 2025 | 23,575 |
| ============================ | |
| Impairment | |
| At 1 April 2024 and 31 March 2025 | |
| Carrying amount | |
| At 31 March 2025 | 23,575 |
| ============================ | |
| At 31 March 2024 | – |
| ============================ |
All investments shown above are held at valuation.
Financial assets held at fair value
Listed Investments
The charity held 8,200 shares in Polar Technology Capital Trust plc at the year end. The investment is stated at fair value, being the quoted market price at the reporting date.
17. Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Products held for resale | 5,187 | 2,577 | |
| ======================= | ======================= | ||
| 18. | Debtors | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Prepayments and accrued income | 1,240 | 1,200 | |
| Legacy receivable | 267,780 | – | |
| Other debtors | 87,765 | 79,139 | |
| -------------------------------- | ---------------------------- | ||
| 356,785 | 80,339 | ||
| ================================ | ============================ | ||
| 19. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income | 43,213 | 47,626 | |
| ============================ | ============================ | ||
| 20. | Pensions and other post retirement benefits |
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £37,001 (2024: £16,179).
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
21. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March 20 | ||||
| 1 April 2024 | Income | Expenditure | Transfers | 25 | |
| £ | £ | £ | £ | £ | |
| General funds | 543,620 | 1,492,569 | (987,860) | (683,068) | 365,261 |
| Designated Funds | 45,000 | 21,265 | (159,319) | 670,834 | 577,780 |
| -------------------------------- | ----------------------------------------- | ----------------------------------------- | -------------------------------- | -------------------------------- | |
| 588,620 | 1,513,834 | (1,147,179) | (12,234) | 943,041 | |
| ================================ | ========================================= | ========================================= | ================================ | ================================ | |
| At | |||||
| At | 31 March 20 | ||||
| 1 May 2023 | Income | Expenditure | Transfers | 24 | |
| £ | £ | £ | £ | £ | |
| General funds | – | 1,250,085 | (292,319) | (414,146) | 543,620 |
| Designated Funds | – | 57,519 | (405,323) | 392,804 | 45,000 |
| -------------- | ----------------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| – | 1,307,604 | (697,642) | (21,342) | 588,620 | |
| ============== | ========================================= | ================================ | ================================ | ================================ | |
| Restricted funds | |||||
| At | |||||
| At | 31 March 20 | ||||
| 1 April 2024 | Income | Expenditure | Transfers | 25 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds | 132,708 | 131,964 | (184,112) | 12,234 | 92,794 |
| ================================ | ================================ | ================================ | ============================ | ============================ | |
| At | |||||
| At | 31 March 20 | ||||
| 1 May 2023 | Income | Expenditure | Transfers | 24 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds | – | 377,793 | (266,427) | 21,342 | 132,708 |
| ============== | ================================ | ================================ | ============================ | ================================ |
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
21. Analysis of charitable funds (continued)
Restricted funds
| Opening | Incoming | Outgoing | Closing | ||
|---|---|---|---|---|---|
| balance | resources | resources | Transfers | balances | |
| £ | £ | £ | £ | £ | |
| School of Joy | 64,421 | 80,610 | (93,869) | – | 51,161 |
| Water Appeal | 68,827 | 18,123 | (44,778) | – | 41,632 |
| Education | – | 33,231 | (45,465) | 12,234 | - |
| -------------- | -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| Total | 132,708 | 131,964 | (184,112) | 12,234 | 92,794 |
| ============== | ================================ | ================================ | ================================ | ================================ |
The balances on restricted funds represent income from donations specifically given and not spent by the year end. These funds include donations received to be distributed over the next two years. The transfers from unrestricted funds represent expenditure out of general funds not covered by specific donations.
Designated funds
| Opening | Incoming | Outgoing | Closing | ||
|---|---|---|---|---|---|
| balance | resources | resources | Transfers | balances | |
| £ | £ | £ | £ | £ | |
| St Martha's House | 15,000 | 15,415 | (69,692) | 54,277 | 15,000 |
| Family Support | 30,000 | 5,850 | (89,627) | 83,777 | 30,000 |
| Legacy Fund | – | – | – | 282,780 | 282,780 |
| Emergency Fund | – | – | – | 50,000 | 50,000 |
| Financial Reserve Fund | – | – | – | 200,000 | 200,000 |
| -------------- | ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | |
| Total | 45,000 ============== |
21,265 ============================ |
(159,319) ================================ |
670,834 ================================ |
577,780 ============================ |
The balances on the above designated funds represent income from unrestricted funds that has been set aside by the trustees.
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42
Friends of the Holy Land
Notes to the Financial Statements (continued)
Year ended 31 March 2025
22. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Tangible fixed assets | 1,127 | – | 1,127 | |
| Investments | 23,575 | – | 23,575 | |
| Current assets | 961,552 | 92,794 | 1,054,346 | |
| Creditors less than 1 year | (43,213) | – | (43,213) | |
| -------------------------------- | ---------------------------- | ----------------------------------------- | ||
| Net assets | 943,041 | 92,794 | 1,035,835 | |
| ================================ | ============================ | ========================================= | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Tangible fixed assets | 1,019 | – | 1,019 | |
| Investments | – | – | – | |
| Current assets | 635,227 | 132,708 | 767,935 | |
| Creditors less than 1 year | (47,626) | – | (47,626) | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net assets | 588,620 | 132,708 | 721,328 | |
| ================================ | ================================ | ================================ | ||
| 23. | Analysis of changes in net debt | |||
| At | ||||
| At 1 Apr 2024 | Cash flows | 31 Mar 2025 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 685,019 | 7,355 | 692,374 | |
| ================================ | ======================= | ================================ |
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Doc ID: 4096b3d17f6dce4a623220e58234fabdc13a4d42