## **FRIENDS OF THE ISRAEL CANCER ASSOCIATION**
**TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2025**
**FRIENDS OF THE ISRAEL CANCER ASSOCIATION**
## **INDEX TO THE REPORT AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 5 APRIL 2025**
|**Index**||**Pages**|**Pages**|
|---|---|---|---|
|Trustees' Annual Report|1|-|3|
|Independent Examiner's Report||4||
|Statement of Financial Activities||5||
|Balance Sheet||6||
|Notes to the Accounts|7|-|9|
**FRIENDS OF THE ISRAEL CANCER ASSOCIATION**
**1**
## **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025**
The trustees present their report along with the financial statements for the year ended 5 April 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 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)".
## _**Reference and Administrative Information**_
## **Charity Number: 260710**
## **Principal Office**
c/o Payne Hicks Beach LLP, 10 New Square, Lincoln's Inn, London, WC2A 3QG.
## **Trustees**
Vered Aaron (Chair) Lesley Khalastchi Lady Homa Alliance Martin David Paisner CBE
## **Independent Examiner**
Rachel Chim of UHY Hacker Young LLP, Quadrant House, 4 Thomas More Square, London E1W 1YW.
## **Bankers**
CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ.
## _**Structure, Governance and Management**_
The trust is an unincorporated body, constituted under a trust deed dated 16 February 1970 and is a registered charity, number 260710. The trust was established by an initial gift from Charles Clore. Additional funds have been received by way of legacies and donations.
The trust deed provides that, so far as possible, the number of trustees shall at all times be kept up to four at least, but, if the number is less than four, the trustees for the time being shall nevertheless have full power to act for all purposes. New trustees are elected and approved to serve by the continuing trustees.
The trustees meet intermittently during the year to discuss the affairs of the charity.
The charity has no full time or part time employees to assist in the running of the charity, the daily administration being carried out by the trustees themselves.
## _**Risk Management**_
The trustees have reviewed the major risks likely to impact on the work of the charity. Systems have been established to enable the trustees to review and take necessary steps to lessen these risks.
**FRIENDS OF THE ISRAEL CANCER ASSOCIATION**
**2**
## **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 (Continued)**
## _**Objectives and Activities**_
Pursuant to the terms of the governing trust deed, the trustees shall apply the income and all or such part or parts of the capital at such time or times and in such manner to or for the purpose of providing relief to those suffering with cancer in the UK or elsewhere and without prejudice to the generality of the forgoing to the institution known as The Israel Cancer Association.
## _**Public Benefit**_
The trustees have complied with section 17(5) of the 2011 Charities Act, having due regard to the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives, when setting the grants making policy and in making awards.
## _**Grant Making Policy**_
While the trustees are empowered to make grants for the relief of those suffering from cancer or any similar or related disease in the UK or elsewhere, support of the Israel Cancer Association takes priority in the making of grants.
## _**Achievement and Performance**_
The trustees awarded total grants of £96,400 during the year (2024: £39,036).
## _**Financial Review**_
Incoming resources of the charity for the year amounted to £158,753 (2024: £40,290). The charity is reliant on the income generated by public donations and legacies, and fundraising events.
## _**Reserves Policy**_
The trustees' aim is to maintain free reserves in unrestricted funds at a level that will provide sufficient funds to respond to applications for grants and ensure that there are sufficient funds available to cover support and governance costs. The actual level of free reserves at 5 April 2025 was £87,469.
## _**Plans for the Future**_
The trustees have no immediate plans to modify or change any of the objects, activities or policies described above.
**FRIENDS OF THE ISRAEL CANCER ASSOCIATION**
**3**
## **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 (Continued)**
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and the application of resources of the charity for that year. In preparing these accounts, the trustees are required to:
- = select suitable accounting policies and then apply them consistently;
- = observe the methods and principles in the applicable Charities SORP;
- = make judgements and estimates that are reasonable and prudent;
- = state whether applicable accounting standards have been followed, subject to any material departures
- disclosed and explained in the financial statements; and
- = prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity
- will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provision of the trust deed. 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.**
Ap **proved by the trustees on ………………………2026 and signed on their behalf by:**
… **…………………………….**
**Vered Aaron** Tru **stee, Chair**
UHY
VHY Hacker YoDD8 iiP
QyadTant H
4 Thoma5 More Sq1re
londw Elw IYW
FRIENDS OF THE ISRAEL CANCER OcIATIoN
INDEPEf4DENT EXAMINER'S REPORT TO THE TRUSTEES OF
FRIENDS OF THE ISRAEL CAP4CER ASSOCIATION
FOR THE YEAR ENDED S APRIL 2O2S
I report to the trustees on my examinatith of th¢ a¢ts of Lawy)n Bcckman tharitable TrSt for the yearended 5 April
2025, whi¢h are se¢ out on PHg¢s 5 to 9.
This report is made solely to the charitys tnLyees. as a t. in rdarte with sectiixj 145 of the Charities kn 2011. My
examination has been undertaken so l ]night #ate to the charity5 trustees those matters I am ]tqU2red to state to them
tn an independent exajnrnetrs atld for no ithr purr*)se. To the fullest extent mitt¢d by law. I do not accept or
assume responsibility to atkyone other than the charitys trwiees os a 1Ky. fly my &xamination, for this rep or for the
opinions I hawe fornie
R¢spon$ibilitie5 and basis of report
As the charity trusttes of the Tru you are Tesponsiblc f(Y the preparation of the in aets)rdatsc¢ with the
qulr¢rnts of the Charili¢5 Ad 2011 I'the Arf
I report Iij respKI of rny examinati of the Trustec5' accwjts carrted wi utth section 145 of th¢ 2011 Act and in
¢aTrying out my examlllation I have followed all the applicable Direct](m given by th¢ Chartty ComMiOn Und seaion
145{5Mbl of the 2011 Act.
Ind¢ptMdettt examltttr's s¢*tetheDt
I have completed tny exjminalion. I confinn that no material matters have come to my attetstion in ¢ffinection with the
examination ging mc cause to Etlicve that in any m*erial resw..
(11 accwntin8 r¢o)rds w¢Jr keN in res of the Trst required by section 130 of the A¢i' or
121 the a¢¢ounts do not accord with th¢ records: or
13) the octounts do wmply with the applicable requrrunents UALcernin8 the forn and ¢imterf of a¢¢(ftthts sd out
in the Charitics (Accounts and Reports) Regulations 2(M)8 uhet than any wuiremerkt that th¢ dCCOUnL5 give a'true
and faitr view wthich is nrt a matter C[$1ded os part ofan iTthpendent exarniTh
I have no ¢on¢ems and have come acTts5 no th mat*rs in connection with the examinati ty Ill¢h attention should bc
drawm in this rewt in Ixdcr toenablc aprorKr Un&[1fteOt ¥c¢ythts be [he&
Rachel Chim
UHY Ho¢ker Young LLP
lbadrant House
4 Thomas More Square
Londotl EIW IYW
If....
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**FRIENDS OF THE ISRAEL CANCER ASSOCIATION**
**5**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025**
**----- Start of picture text -----**
2025 2024
Unrestricted Unrestricted
funds funds
Note £ £
Income and endowments from:
Donations and legacies 3 105,467 40,173
Other trading activities 3 53,170 -
Investments 3 116 117
Total incoming resources 158,753 40,290
Expenditure on:
Charitable activities 4 (99,480) (42,037)
-
Raising funds (events catering and publicity) (14,854)
Total resources expended (114,334) (42,037)
Net movement in funds 44,419 (1,747)
Reconciliation of funds
Total funds brought forward 43,050 44,797
Total funds carried forward £ 87,469 £ 43,050
**----- End of picture text -----**
**FRIENDS OF THE ISRAEL CANCER ASSOCIATION**
**6**
## **BALANCE SHEET AS AT 5 APRIL 2025**
**----- Start of picture text -----**
2025 2024
Total Total
Note £ £
Current assets
Cash at bank 8 90,457 47,718
Total assets 90,457 47,718
Liabilities
Creditors falling due within one year 9 (2,988) (4,668)
Total net assets £87,469 £43,050
The funds of the charity
Unrestricted funds (page 5) 87,469 43,050
£87,469 £43,050
**----- End of picture text -----**
The �nancial statements on pages 5 to 9 were approved by the Trustees o������������� 2026. a **nd are signed on their behalf by:**
**……………………………. Vered Aaron** T **rustee** , **Chair**
**FRIENDS OF THE ISRAEL CANCER ASSOCIATION**
**7**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025**
## **1 Accounting policies**
## a) **Basis of preparation**
The accounts have been prepared in accordance with the charity's trust deed, the Charities Act 2011 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)". The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## b) **Funds structure**
All funds are unrestricted and can be applied at the discretion of the trustees generally in the furtherance of the objects of the charity.
## c) **Income recognition**
Savings interest receivable on cash deposits is recognised in these accounts on a receipts basis.
Other income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.
## d) **Expenditure recognition**
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the trust. The grants are accounted for where either the trustees have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant, or any condition attaching to the grant is outside the control of the trust.
## e) **Irrecoverable VAT**
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
## f) **Charitable activities**
The expenditure on charitable activities includes grants made and governance costs.
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These include costs related to statutory audit/independent examination.
**FRIENDS OF THE ISRAEL CANCER ASSOCIATION**
**8**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 (Continued)**
## **2 Related party transactions and trustees' remuneration**
None of the trustees or connected persons received remuneration or benefit from the charity either directly or indirectly during the year.
None of the trustees incurred or were reimbursed for expenses during the year.
During the year the charity received a donation of £10,000 from One Shakespeare Limited, a company significantly controlled by a close family member of trustee Vered Aaron. The donation was unrestricted and paid in full.
During the year the charity received a donation of £1,500 from the trustee Lady Homa Alliance. That donation was unrestricted and paid in full.
During the year the charity received a donation of £1,500 from the trustee Vered Aaron. That donation was unrestricted and paid in full.
During the year the charity received donations of £875 from the trustee Lesley Khalastchi. Those donations were unrestricted and paid in full.
|**3 Income and endowments from**
Donations and Legacies:
Legacy per Estate of Mrs A R Helman
Voluntary donations:
Other Trading Activities
Fundraising Events
Investments:
Bank Interest
Total unrestricted income and endowments
**4**
Governance costs (see note 6)
Grants awarded (see note 5)
**Expenditure on charitable activities**|**2025**
**£**
90,000
15,467
105,467
53,170
116
158,753
£
**2025**
**£**
3,080
96,400
99,480
£|**2024**
**£**
-
40,173
40,173
-
117
40,290
£
**2024**
**£**
3,001
39,036
42,037
£|
|---|---|---|
## **5 Charitable activities**
During the year the trustees awarded one grant totalling £96,400 to the Israel Cancer Association (2023/24: two grants totalling £39,036).
**FRIENDS OF THE ISRAEL CANCER ASSOCIATION**
**9**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 (Continued)**
|**6 Governance costs**
Accountancy
Independent Examination
Bank charges|**2025**
**£**
1,848
1,140
92
3,080
£|**2024**
**£**
1,794
1,080
127
3,001
£|
|---|---|---|
## **7 Staff costs**
No staff were employed by the charity during the year, the daily administration of the charity being carried out by the trustees.
|**8 Analysis of current assets**
**Cash at bank**
CAF Bank Ltd.
**9 Analysis of liabilities**
**Creditors falling due within one year**
Accountancy fees
Independent Examination fees|**2025**
**£**
90,457
90,457
£
**2025**
**£**
1,848
1,140
2,988
£|**2024**
**£**
47,718
47,718
£
**2024**
**£**
3,588
1,080
4,668
£|
|---|---|---|