Anglo-Israel Association
Report and Financial Statements
Year Ended
31 December 2021
Anglo-Israel Association
Annual report and financial statements for the year ended 31 December 2021
Contents
Pages
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1 Charity information
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2 - 4 Report of the Trustee
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5 - 7 Report of the Auditor
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8 Statement of financial activities
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9 Balance sheet
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10 - 15 Notes forming part of the financial statements
Anglo-Israel Association
Annual report and financial statements for the year ended 31 December 2021
Trustee
Anglo Israel Association Corporate Trustee (Company number 09898380)
Directors and Members of Anglo Israel Association Corporate Trustee : Mr R. Bolchover Mr D. Kessler Mrs D. Beth (Honorary Treasurer) Professor D. Hochhauser Mr A. Reeve
Registered Office of Corporate Trustee and Anglo Israel Association Principal Office
28 Church Road, Stanmore, Middlesex. HA7 4XR
Bankers
Lloyds Bank
Investment Advisers
J M Finn & Co, 4 Coleman Street, London EC2R 5TA
Charity Registration Number
313523
1
Anglo-Israel Association
Report of the Trustee for the year ended 31 December 2021
The Trustee presents its report and the financial statements for the year ended 31 December 2021.
Structure, Governance and Management
The Association is a charitable unincorporated association and is managed and administered by Anglo Israel Association Corporate Trustee, as Corporate Trustee, pursuant to the Charity Commission Scheme dated 26 July 2016. Its Board currently has five directors, known as directors, all of whom are members.
Aims, objectives and management
The Association’s primary purpose is to educate about Israel to promote a wider understanding of Israel in the UK and to encourage exchanges between both countries.
The Association is an independent voluntary and non-political body which, since 1949, has enjoyed the active support of people of different faiths from across the political spectrum.
Since its foundation in 1949, the Association continues to play an active and energetic role in promoting a better understanding of Israel throughout the UK. Thanks to some loyal and generous donors and energetic supporters, we make a disproportionate impact around the country through our activities which include organising high-level colloquia, symposia, lectures, and meetings, as well as awarding scholarships and grants to encourage deeper relationships between Israel and the UK.
For seven decades, the Association has sought to portray the rich and dynamic development of the State of Israel and the dramatic growth and diversification both of its democratic traditions and of its social, religious, economic and cultural life as a balance, if not an antidote, to the incessant focus on certain twists and turns of the politics of the Middle East and the slow progress of the peace process.
As an independent, non-political, educational charity we draw support and membership from a wide cross section of British society whose different political and religious perspectives come together in a keen desire to promote a wider and better understanding of Israel in the UK, to encourage physical and intellectual exchanges between both countries at every level and generally to support activities which foster goodwill between the people of our two countries.
The Association achieving a surplus for the year of £96,915.
Despite the excellent result and our gaining a substantial legacy in order for the Association’s work to progress, it is vital that additional donations are received and, in addition that supporters consider including the Association in their wills.
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Anglo-Israel Association
Report of the Trustee for the year ended 31 December 2021
Review of activities – What we do:
This has been a year of review and consolidation for the Association. The consequences of the COVID pandemic, and the various restrictions it entailed, offered the Trustee, with the involvement of the members of the Association’s erstwhile advisory committee, undertook a very extensive evaluation of the Association’s structure and delivery. In this assessment, the Association obtained input from two consultancy firms. A firm consensus was reached, and the Association aims to implement these changes, which hold the promise of greater effectiveness in the coming years.
AIA Scholarships: this year we made £50,000 grants to extraordinary Israeli students to help enable them to study in the UK. The awards went to students studying all over the country although many opted for Cambridge, Oxford and the LSE. The subjects studied are as diverse as preserving Jewish/Israeli cultural heritage for future generations to theatre design, criminology, sociology of scientific knowledge and autism.
If you would like to support exceptionally talented Israeli and British students to further their studies in each other’s country, the scholarship programme is an excellent way of making sure your donation goes directly to a student.
Your continued engagement with the Associations is important to show the breadth of support that Israel has in the UK.
We look forward to next year when we hope we will be able to reinstate our live events including briefings and fundraising events.
3
Anglo-lsrael Association Report of the Trustee for the year ended 31 December 2021 Trusteè's responsibllltles Law applicable ID Charitie5 In England and Wales requires the Trustee lo prepare financial sl8lemenls lor the financial year whlch give a true 3n¢Y lair view al rh8 Associalion's finanri81 activities (JLJring 1119 yeai and ol ils financial position al Ihe end ol the year lunless the Association is eniilled lo prepare 8ccounts on Ihe alternative receipts and payment basis). In preparing financial 51aittmenls giving a Irue and 18ir view. the Truste& should follow tiesl praclice and, sel8cl suitabl8 accounling policies and then apply Ihem consis*eniiy', make judgements and eslim8les thal are re850nable and prudeni.. Slate wl?eltter applicable d¢coiJnling standards and 8talemenls ol rectsn)mend6d pracliGe have been followed, subject lo 8ny departLJres iJisclos8(J and 8xplained in Ihe llnancial slaièmenis". and prepare the financial slalenienls on Ihe going concern basis unless il is inappropriate lo presume that Ihe Associaiion will coi)Iiiiue in operation. The Truslee Is responsible for keepinq ac¢ounling records which distlose wilh reasoi)8ble aceuraLy Ilie financial posilion of Ihe A5SOClalion and which enable Il 10 ascertain the financial posilion ol Ihe Association and which Eiiable Il 10 ensure Ihal Ilie financial slaltriiienls comply wilh applicable law. li is also responsible lor saleguaidillg Ilie as5els c)f Ihe Associalioii ai)d hence lur taking reasoriable 5tpps fur Ihs prevenlion and deieclion of fraud and olher irregularllies Reserves policy The current level ol Iree reserves. being the unfeslricied luiids Is £26.9411 12Q20.' £96.8971. Havin9 regard lo fvlure develupfflenl, the Tcuslee has sel a largei level ol Iree res8Nes of approxiinaiely 6 monlhs. expenditure. This will enable lh¢ Associalion lo continue ils current aclivilies and allow il lo respotid quickly In Ihe event of an einergency. 11 inltrnds lo conliiiue Ils ILiiidf815ing ellort5 with a view lo niaintaining Ihe largel level so Ihai Ihe Association will be well placed lo respoi)d lo lis lulure needs. The reserves policy is reviewed Jnnually Publlc Benellt The principal aetivilies of thè Association during the year tonlii)ued lo be lo educate about Israel to promote a wider understandin8 of Israel in the UK and to encourage exchanges betweèn both countrie5. The Truslee Is awarè of the Chariiy Commtssion guitfance on p(Jblic benefit reporling as Sel out in section 17 01 Ihe Cliarilies Acl 2011 Tlie Truslee believes Ihal Ihe Associalion bchieves a publ benefil by provi(ting these %ervices as delailtsd elsewhere In Ihis report. Signed on behalf of the trustee, Anglo 151ael A5SOClJtion Corpor8ie Trusièe. on .2022 RiGhavd Bolchover Dee Beth Dlrectors of Anylo Israèl A$sociation Gorporale Trustee
Anglo-Israel Association
Independent Auditor’s Report to the Trustee of Anglo-Israel Association for the year ended 31 December 2021
Opinion
We have audited the financial statements of Anglo-Israel Association (the ‘Charity’) for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, 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 Financial Reporting Standard 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 December 2021 and of 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 FRCʼs 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 trustee’s 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 directors with respect to going concern are described in the relevant sections of this report.
Other information
The Trustee is responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. 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 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.
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Anglo-Israel Association
Independent Auditor’s Report to the Trustee of Anglo-Israel Association for the year ended 31 December 2021
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and environment obtained in the course of the audit, we have not identified material misstatements in the Trustee’s Annual 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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•sufficient accounting records have not been kept;
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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 obtained all the information and explanations necessary for the purposes of our audit.
Responsibilities of the trustee
As explained more fully in the trustee’s responsibilities statement, the trustee is 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 they 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 trustee is 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 trustee either intends to liquidate the Charity or to cease operations, or has no realistic alternative but to do so.
Our 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 are set out below.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
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We enquired of management, which included obtaining and reviewing supporting documentation, concerning the Charity's policies and procedures relating to:
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identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
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Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
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The internal controls established to mitigate risks related to fraud.
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We obtained an understanding of the environment that the Charity operates in, focusing on those laws and regulations that had a material effect on the financial statements.
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We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable accounting standard.
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We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
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In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.
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Anglo-Israel Association
Independent Auditor’s Report to the Trustee of Anglo-Israel Association for the year ended 31 December 2021
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the Charity’s trustee, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity’s trustee those matters we are required to state to them in an auditor’s 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 trustee as a body, for our audit work, for this report, or for the opinions we have formed.
31 October 2022
Goldwins Limited Statutory Auditor 75 Maygrove Road West Hampstead London NW6 2EG
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Anglo-Israel Association Statement of Financial Activities for the Year Ended 31 December 2021
| Income: Donations Legacy Subscriptions Other income Income from charitable activities: Magazine adverts Annual dinner AIA Colloquium Ambassador Round Table Israel clergy visits Events HMRC JRS Grant Investment income Total income Expenditure: Investment Management fees Annual Dinner AIA Colloquium Meetings, Briefings & Conferences Events AIA Magazine Promoting education about Israel Grant payable-Sapir Academic Accountancy Bank charges Fees payable to Auditors’ remuneration Professional fees Total expenditure Net profit/ (losses) on investments Net income/(expenditure) Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Note 2 |
Unrestricted fund £ Pinto designated fund £ MCA general permanent endowment fund £ Restricted fund £ Total 2021 £ Total 2020 £ 26,575 - - - 26,575 41,950 - - - - - - 774 - - - 774 1,144 2,000 - - - 2,000 2,000 1,250 - - - 1,250 6,500 - - - - - - - - - 15,000 15,000 5,314 - - - - - - - - - - - - 390 - - - 390 1,200 30,802 - - - 30,802 38,271 - 28,084 20,960 - 49,044 37,540 |
|---|---|---|
| 61,791 28,084 20,960 15,000 125,835 133,919 |
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| - 5,229 4,718 - 9,947 8,253 - - - - - 445 - - - - - 1,291 26 - - - 26 2,183 4,276 - - - 4,276 - 21,111 - - - 21,111 5,578 98,695 - - - 98,695 108,712 50,000 - - - 50,000 25,000 1,500 - - - 1,500 1,600 1,100 - - - 1,100 950 3,480 - - - 3,480 3,240 540 - - - 540 7,128 |
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| 180,728 5,229 4,718 - 190,675 164,380 |
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| - 85,031 76,724 - 161,755 49,653 |
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| (118,937) 107,886 92,966 15,000 96,915 19,192 |
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| 48,988 (28,055) (20,933) - - - |
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| (69,949) 79,831 72,033 15,000 96,915 19,192 |
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| 96,897 1,170,134 749,029 5,208 2,021,268 2,002,076 |
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| 26,948 1,249,965 821,062 20,208 2,118,183 2,021,268 |
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year. The notes form part of these financial statements.
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Anglo-lsrael Association Balance Sheet at 31 December 2021 Note 2021 2021 2020 2020 Flxod 468•ts Tangible assets Invesimenls Slate ol Isr8el Bond 7,663 1,731.027 340.000 2,306 1.579,163 340.QOQ 2,072,690 1,921,469 Currant aos•t8 Debtors Cash ai bank and in hand 15,664 47.004 70,500 58,840 Cradltor8.' amounts falllng due wSlhln pne y8•r 62,668 129.340 117,1751 129,5411 N•t curr¢nt 86t¥ 45.493 99,799 Total a$8at8 l••# currant Ilabllltl8* 2,118.183 2,021,268 Fund8 MCA genpral pemianent endDwmeni fund Pinto designaied liind Restricted fund Unfeslricted Iijnd 821.062 1.249,965 20,208 26,948 749,029 1,170,134 5,208 96.897 2,118,183 2.021,266 The financial slalements were ak)proved 8nd aulhorised lor issve by Ihe Truslee on 28 October 2022 Signe(J on beliall of th¢ Irusiee, Anglo Israel Associallon Corporaie Trustee Rlchard Bolchover D•0 B•th Dlrectorn of Anglo18r4el A88o¢latlon Corporate Truste Thg notgg forrn parl ol Iheae finoiiucil siaiemenis.
Anglo-Israel Association
Notes forming Part of the Financial Statements for the Year Ended 31 December 2021
1 Accounting policies
(a) General information and basis of preparation
Anglo-Israel Association is an unincorporated charity governed by its Constitution and operating within the United Kingdom. The address of the principal office is given in the charity information on page 1 of the financial statements. The nature of the charity’s operation and principal activities are to educate about Israel to promote a wider understanding of Israel in the UK and to encourage exchanges between both countries.
The charity constitutes a public benefit entity as defined by FR 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014, as revised in February 2016, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.
The financial statements have been prepared to give a “true and fair” view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a “true and fair view”. This departure has involved following the 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 financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. The policies have been consistently applied to all years presented unless otherwise stated.
(b) Donations and other charitable income
These are included in the Statement of Financial Activities when receivable together with any tax recoverable in respect thereof. Residuary legacies are recognised as receivable once probate has been granted, provided sufficient information has been received to enable valuation of the Charity’s entitlement. Amounts receivable are included at the amounts received following the Balance Sheet date to reflect the uncertainty inherent in the administration of estates.
(c) Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to writeoff the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment - 33.33% Office equipment - 20%
(d) Investments
All fixed asset investments are recorded at market value.
(e) Operating leases
Annual rentals are charged to the profit and loss account on a straight line basis over the term of the lease.
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Anglo-Israel Association
Notes Forming Part of the Financial Statements for the Year Ended 31 December 2021 (Continued)
(f) Restricted funds
Donations received towards the costs of specific charitable programmes.
(g) Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(h) Foreign currency
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.
(i) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going concern.
2 Investment income
| MCA general permanent endowment fund (JM FINN Portfolio) Pinto designated fund (JM FINN Portfolio) Pinto designated fund (Other) Total |
2021 £ 20,960 23,229 4,855 ----------- 49,044 _ |
2020 £ 17,401 15,423 4,716 ------------ 37,540 _ |
|---|---|---|
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Anglo-Israel Association
Notes Forming Part of the Financial Statements for the Year Ended 31 December 2021 (Continued)
3 Trustees
No directors of the Trustee, who comprise the charity’s key management personnel (or any persons connected with them) received any remuneration during the year.
4 Employees
| Staff costs consist of: Wages and salaries Social security costs Pension |
2021 £ 52,426 4,043 1,529 _ |
2020 £ 75,941 4,066 1,383 _ |
|---|---|---|
The average monthly number of employees during the year was 2 (2020 – 2).
5 Key Management Personnel
The employee benefits of Key Management Personnel are £58,328 (2020: £81,390). No employee earned over £60,000 in the year.
6 Tangible fixed assets
| Computer Office equipment equipment £ £ Cost At 1 January 2021 10,130 2,725 Additions - - _ _ At 31 December 2021 10,130 2,725 _ _ Depreciation At 1 January 2021 8,766 1,783 Charge for the year 455 188 _ _ At 31 December 2021 9,221 1,971 _ _ Net book value At 31 December 2021 909 754 At 31 December 2020 1,364 942 |
Total £ 12,855 - _ 12,855 _ 10,549 643 _ 11,192 _ 1,663 2,306 |
Total £ 12,855 - _ 12,855 _ 10,549 643 _ 11,192 _ 1,663 2,306 |
|---|---|---|
| 2,306 |
The fixed assets are mainly used for direct charitable expenditure.
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Anglo-Israel Association
Notes Forming Part of the Financial Statements for the Year Ended 31 December 2021 (Continued)
7 Investments
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Market value as at 1 January 2021 | 1,579,163 | 737,451 |
| Realised (losses)/gains | 3,536 | 6,837 |
| Unrealised gains on revaluation | 158,219 | 42,816 |
| Portfolio management charge | (9,947) | (8,253) |
| Cash injection/ (withdrawn) | - | 800,000 |
| Transfer from Investment income | 56 | 312 |
| ______ | _ | |
| Market value as at 31 December 2021 | 1,731,027 _ |
1,579,163 _ |
| Debtors | ||
| 2021 | 2020 | |
| £ | £ | |
| Annual Dinner | - | 10,550 |
| Prepayments and accrued income | 9,098 | 14,672 |
| Amounts due from connected charities | - | 30,712 |
| Other debtors | 6,566 | 14,566 |
| _ | _ | |
| 15,664 _ |
70,500 _ |
|
| Creditors: amounts falling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Accruals and deferred income | 7,821 | 29,541 |
| Other creditors | 9,354 | - |
| _ | _ | |
| 17,175 _ |
29,541 _ |
8 Debtors
9 Creditors: amounts falling due within one year
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Anglo-Israel Association
Notes Forming Part of the Financial Statements for the Year Ended 31 December 2021 (Continued)
10 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:
| Movements Balance Balance at at 1 January Transfers/ 31 December Fund 2021 Income Expenditure 2021 £ £ £ £ Colloquium 5,208 15,000 - 20,208 _ _ _ _ 5,208 15,000 - 20,208 _ _ _ _ The Colloquium Fund comprises donations made to hold a conference relating to Anglo-Israeli matters. Restricted funds (prior year) Movements Balance Balance at at 1 January Transfers/ 31 December Fund 2020 Income Expenditure 2020 £ £ £ £ Colloquium 1,185 5,314 (1,291) 5,208 _ _ _ _ 1,185 5,314 (1,291) 5,208 _ _ _ _ 11 Analysis of net assets between funds Unrestricted Restricted Pinto designated fund MCA general permanent endowment fund Total Fund balances at 31 December 2021 are represented by: Tangible fixed assets 1,663 - - - 1,663 Investments - - 909,965 821,062 1,731,027 State of Israel Bond - - 340,000 - 340,000 Current Assets 42,460 20,208 - - 62,668 Creditors: amounts falling due within one year (17,175) - - - (17,175) Total net assets 26,948 20,208 1,249,965 821,062 2,118,183 |
Movements Balance Balance at at 1 January Transfers/ 31 December Fund 2021 Income Expenditure 2021 £ £ £ £ Colloquium 5,208 15,000 - 20,208 _ _ _ _ 5,208 15,000 - 20,208 _ _ _ _ The Colloquium Fund comprises donations made to hold a conference relating to Anglo-Israeli matters. Restricted funds (prior year) Movements Balance Balance at at 1 January Transfers/ 31 December Fund 2020 Income Expenditure 2020 £ £ £ £ Colloquium 1,185 5,314 (1,291) 5,208 _ _ _ _ 1,185 5,314 (1,291) 5,208 _ _ _ _ 11 Analysis of net assets between funds Unrestricted Restricted Pinto designated fund MCA general permanent endowment fund Total Fund balances at 31 December 2021 are represented by: Tangible fixed assets 1,663 - - - 1,663 Investments - - 909,965 821,062 1,731,027 State of Israel Bond - - 340,000 - 340,000 Current Assets 42,460 20,208 - - 62,668 Creditors: amounts falling due within one year (17,175) - - - (17,175) Total net assets 26,948 20,208 1,249,965 821,062 2,118,183 |
Movements Balance Balance at at 1 January Transfers/ 31 December Fund 2021 Income Expenditure 2021 £ £ £ £ Colloquium 5,208 15,000 - 20,208 _ _ _ _ 5,208 15,000 - 20,208 _ _ _ _ The Colloquium Fund comprises donations made to hold a conference relating to Anglo-Israeli matters. Restricted funds (prior year) Movements Balance Balance at at 1 January Transfers/ 31 December Fund 2020 Income Expenditure 2020 £ £ £ £ Colloquium 1,185 5,314 (1,291) 5,208 _ _ _ _ 1,185 5,314 (1,291) 5,208 _ _ _ _ 11 Analysis of net assets between funds Unrestricted Restricted Pinto designated fund MCA general permanent endowment fund Total Fund balances at 31 December 2021 are represented by: Tangible fixed assets 1,663 - - - 1,663 Investments - - 909,965 821,062 1,731,027 State of Israel Bond - - 340,000 - 340,000 Current Assets 42,460 20,208 - - 62,668 Creditors: amounts falling due within one year (17,175) - - - (17,175) Total net assets 26,948 20,208 1,249,965 821,062 2,118,183 |
|---|---|---|
| 26,948 20,208 1,249,965 821,062 |
2,118,183 |
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Anglo-Israel Association
Notes Forming Part of the Financial Statements for the Year Ended 31 December 2021 (Continued)
Analysis of net assets between funds (prior year)
| Fund balances at 31 December 2020 are represented by: Tangible fixed assets Investments State of Israel Bond Current Assets Creditors: amounts falling due within one year Total net assets |
Unrestricted Restricted Pinto designated fund MCA general permanent endowment fund Total 2,306 - - - 2,306 - - 830,134 749,029 1,579,163 - - 340,000 - 340,000 124,132 5,208 - - 129,340 (29,541) - - - (29,541) |
|---|---|
| 96,897 5,208 1,170,134 749,029 2,021,268 |
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