FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM LEGAL AND ADMINISTRATIVE INFORMATION Mr Sttwt z H8mmond Chaity ftwnljgr 278487 Prlnclwl addl 25 HOr0ft Gardens NW11 OLY Paraw Partriws Llmited 137- 139 Br¢trt Strelt London
FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM CONTENTS Tnth, rBWt Indepen¢kn exami5 repNt st*ment offinCla p)gthon
FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEAIBER 2023 ¢¥npty wlth thè cAritys 9oveming deed, the Charrties Ad 2011 and thtr Slat•mert ol Prnc¢è. 'AccrAwthng and ReP)"rJ ty Chibe¢. Issued in PAarth 2005. vAih many thddren. whts seek its help and suppcrt There ha¥ bèèn no than to these oW•cUv•s durirg thg . Dwiro the year Ihe drity SUppted Ns drItsb1e otyÈcaiv•s and thè arnTht of donalitins made dull y anKNJrtsd to £24.CW. The SlatW offftwtxxal actmtss 81vAvs a rnt of £2.313 (21)22. È573 delidtl for Its year after dor¢¥cK pald to £24,¢XIO12022.£19.((KI). It 1$ Ihe poIY of th¢ rttarity that unreslrTded fitnds which have been designated fDt a sptofic sEwukl be malntained al a level equivale ta three aTr4 six month's expeThJiture. The tntstses r3JnslèrlFMt r8SW¥•S at this W WIU ensure that, in tt èvent of a &9nrficant drop in funding, they will be able to (x)ntinue Ihe charilys eurrant a(thb"es vthil& consideration is ghvem to w In SIdOnal lunds may be rawl. Tlys of re8er $ been maintsined thrwh¢xrt the year. place to lo the nwr risks. Th¢ thartywas eStab1th bya thgritableltUSt d8ed rn 1979. The tnJsteesvrtKJ sd the year?rKI up to IhE Ilale of%¥atre ofthe Stateft werw. Mr Stuart Zvi Hammund Mr LauTentvan Me$9 jpdnfrngnt oftrLt•M i• governed by IheTrust Deed of c*arity. TheT Mr Michael Laumnt)An Messel 11 Ocaober 2024
FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM
INDEPENDEKf EXAMINER'S REPORT
TO THE TRUSTEES OF FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM
I reF¥Xt lo tt truste on my tsxanwotr oflho Ina>al slat•mwts of Frfands cl Carefurthe Ne ofJenMaem
lthe tharityl fortho yowended 31 Dt223.
R8gpon¥Tr)ilMleg and of r•p¢A1
As the trustees of the thaY you are re6p0 pry)aratv)n of tl fhnual statèm in arzDrdance wilh
the WuHents ofthe Charfti8sAct 20111ts 2011 Act).
I r•wt In i•spart of my owninsbon ofthe Ilfw 8latÈmènt8 wled (wrt sedon 145 of the 2011
Acl In (srylng out my exanmnation I l]ave all the apFIKab Dir•cIfi by Ihe Charfty Commlsthn
under 8eclron 145(5Xbl olthe 2011 A
Your attentton f5 dr to thè fadthat the rAwity Ptas wepared fjnanclal ¥iatement8 in ?xdan with Aoxunting
ar¥J R¢portry by Chathes pwng Ihew accwts in 8
FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM STATEMENT OF FINAhlCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 26.609 18.630 Totsl Incory 26.809 18,630 24.000 19.0 203 Totsl •xndItUr• 24.296 19,203 Il•t mmmortin thnds 2.313 {573) R•¢oA¢ilWM otlknds: F1 ba¥Ke$ 4t 1 January 2023 741 2,d81 168 derive frtxn c(**In9 thilJes.
FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM STATEMENT OF FINANCIAL POSITION ASAT31 DECEbVBER 2023 2023 curTt•S•t8 Cash at b*)k and in hand 5.481 13,11001 iisooi 2.481 168 Mrtag9•ts oxcludlng pen•lon Oabillty 2,481 The funds of thg ch•rfty 2.481 2.48 188 The fjna "al ¥t&temnts were approved bw lh8 on 11 OdcOer2024 Laurent¥ Mwsel
FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢counOny Wl¢l•• CIMrfty Infomwtbn Fiiond> ofC8retrthè of Jerusat is a Charhy d•c4araOon Oftstated 26 Jun$ 1979. 1.1 A¢¢ounlng ¢on¥•4rt1( The stm•nts havo prerad in %sith tho tharttys tgov8ming documehti, th• Charitits Act 2011. FRS 102 Tr Fwi(ial Rewting Stsnd3rd 4Wicable in th• UK and Republ of Irelan(r rFRS 1027 and the Charilies SORP "Accountw And Rwting by charth. steml of Rwmw•Jed Prae applirle to ch01lb prepwSNJ thètr a(>xurts in 9¢¥ance the Flnandal Reporling Standard applic1 in thg UK and RepubEic of ITelartd (FRS 1021° {effe¢lNe 1 January 20191 The diaity 18 o Publc Benefft Enuty a9 defirr&l by FRS 102. Cash Flm. The firffjnraal slAtsmBrth hava depart•d fmm the CIHlties {ACcnts aThJ Reports) RegtiOnS 2008 onty lo the ex wuMBtl to prowide a Ime aTYJ fair viw. This departurè has inv0bl follo7ng Ihe Statemerrt of Re¢ornmendgd prCe for tharitres applying FRS 102 rather Ihan the verstin of ts Statwnent of ReKonwnended PraLK?wlMch is thFf8d to In the RegUknti LKrtwFNth ha8 ¥nee been The financaal statwrtelts we wepwed yi thtting, whlth 15 Ihe fvnconal of the rtwity. mOtY amourrts in these statemBrts are rnded tothe nearegt£. Thp finane481 staniS have be•n prepaj un(kT Iho Ith¢1 rAst cth¥erdion. Th8 naPol attfjurding pthy•s adopted aro ¥et (YJI br. 12 Gu(ng conc¢m At the time of aFprovin9 thè fin8ndal BtmentB. tha trust havg a leason5 •xpedation that th• charity cti8 to athptthe gIn9 o)nr8m basts 0faLW)Un in preparHig the finanrAal 8tatemen 1.3 Cl¥rltatl8 obledfvès. Restnctsd fvnds are subject to spg)fic ¢ondlb¢W ty donorn or grantors as to IJc they may be uwj. The PUfPDses anl of the re8trrced funds are Sot out in th• noteslo lh8 fin(Ja gatemts. furth arg 8Utl8( lo spfrjfic coNtsboM ty donors that the wxtal be mairtainod ty thg IA In¢(# In(y)me is re(x)gnl8ed YAn the chaTity is legakl gntitled to ft afterany Performan condifiorn IAv8 bn m the amounts cpn bE me3P rèliabty. and rt Is probab18 that inc4m?wiM t r•rkivwl. of the dwtion, untess p8rfrnce condth.ons wuire dgferr¥l of the amount. Income t&x recoverthe Leg•y"es we rewiisad recgipt or oihetY•ise il thè chaity has t)8 notff*d of an IMpld distriEyJtKJn. the amount 18 kI¥n. and rec¥ l¥ pd. If the anount Is ncrt k1. lewrf r6 trethd 88 8 eorlingent as#•t.
FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM NOTES TO THE FINANCIAL STATENEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Expandl ExFendÈbJTr Is accourrted for on awJalg basis and has b8gn daSSfiJ der ldIngS that aggrvgate dl Cuh and ¢a•h •qul¥alents Ca8h and tssh eryovalwts indLMl# cash in h)d. dewsits held at eam banks. ShteM1 liqutd Inve8trnt¥ yth OTiglna] matyEknes of thTe8 ITth9 or I. and bank ov8rdroft> Bab overdrafts are shown vrithth btirruwings in CUfTent liabililies. Basic finla1 assets. lch irthde knde otsr r•eeSw4bs rxh and bgkn¥, ore lritslty Mred at transathon pricè Irthrfing trs210n o) and #r8 Subseque Lzrriad at amtsr cos¢ Finnria as8éts dassffi¢d as r•cr4thwithin ¢>)eyw arn not ¥wb5•d. Bas fir li8biitses. indudtrvJ tradg and othEr payables aml bank 108ro are Tttcogrll at transadion Pri unless the 0Th8ngeTrn a )In8ncang trartsadion, th• debt instrument 19 measured at thè pmsent vaiug of thg fLrtute paymants di¥couTtsd at a morket rydto of irt¢r8sL Fin3nc4al lthlthes dasgfied aB pay6 Imthin onè year not arT¥xti88d. Finanual tiabillies are derec4nÉsed tten the (Iythdual clIgat expte or dochar9ed Dr CAred. Crfti¢al #¢¢ountlng 88tkMtes •Thl In tho applilon of th• arts?urrt wlira•8, the trtee6 ¥ roquired to meludgements, estwr aThJ umptwts the cArrytro amount of ass¢ts and that afe nrA rtsdty apparent from ottRr The e¥bmata8 and underfying as8uny)lions are re¥ieM£d ¢)n an ongosng basls. Ron$ to estirnat are recJ)gnised In period in 7hthith ts 85limate 15 rnwsed where thè revision allecis onty that Fe0d, or in the p0d of the On KI thJluJE p8riods the Tsknn &Yeds both Ajtrenl and tre Incom• from donations and ¢it8 fimds 2023 18.630 Don¥tr and s#ft5 26.609
FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expondlture on ¢haritabl• •CtIvleS 2023 2022 Dlr•el costs Charitable donations 24.1100 19,0 Analysis by fund Unrestricted funds 24,000 19,0 Tru$tse8 None of the trustees lor any pèrsons conngcted with them) received any remuneration during Ihg year. Employe0$ There were no employees in the year. Other Unrestri¢t•d Unrestricte fund$ funds 2023 2022 Other expenditure 203 203 Taxation The charfty is exempl from taxation on its 8Ctivits8s because al ts income is applied for tharitable purpos. Current liabiliti•o 2023 2022 Accruals and deforred income 3,000 3,5LIJ
FRIENDS OF CARE FOR THE NEEDY OF JERUSALEM NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Untsstrlctsd funds Th• unrestricted fvnds ofthe charity comprise the unexpended balaneès of donation5 and grants which are not subject to specific condition5 by donors and grantors as lo how they may be used. These in¢lude designated funds which have been set aside out of Lmfe5tricled fund8 by Ihe ttuslees for specific purposes. At 1 January 2023 Incoming ie8ources At31 D•cember 2023 expended General funds 26.609 124.296) 2,481 Prevlous y•ar'. At 1 January 2022 Incoming resources R•$ource$ oxpended A131 D•cemr 2022 General funds 741 18.630 119,203) 11 Relatsd party transa¢tlons Thore wore no disclosable ielale(I party transactrons during the year12022- none).