Anglo-lsrael Association
Report and Financial Statements
Year Ended
31 December 2023

Anglo-lsrael Association
Annual report and financial statements
for the year ended 31 December 2023
Contents
Pages
Charity Infomiation
Report of the Trustee
Report of the Auditor
Statement of Financial Activities
Balance Sheet
10 - 15 Notes Fomiing Part of the Financial Statements

Anglo-lsrael Association
Annual report and financial statements
for the year ended 31 December 2023
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
Reglstered Office of Corporate Trustee and Anglo Isrnel Assoclatlon Prlnclpal Office
28 Church Road. Stanmore. Middlesex. HA7 4XR
Bankers
Lloyds Bank
Investment Advisers
J M Finn & Co. 4 Coleman Street. London EC2R STA
Charlty Reglstratlon Number
313523

Anglo-lsrael Association
Report of the Trustee
for the year ended 31 December 2023
The Trustee presents its report and the financial statements for the year ended 31 December 2023.
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 Ihe
State of Israel and the dramatic growih 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.
Despite 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.

Anglo-lsrael Association
Report of the Trustee
for the year ended 31 December 2023
Review of activities- What we do:
The Trustee, with the involvement of the members of the Association's erstwhile advisory committee,
continued its extensive evaluation of the Association's structure and delivery. In this assessment, the
Association obtained input from two consultancy finns and specialist charity legal advisors. A firm
consensus was reached, and the Association is implementing these changes, which hold the promise
of greater effectiveness in the coming years.
Your continued engagement with the Association is important to show the breadth of support that Israel
has in the UK.
We have resumed in-person events in addition to continuing with online, and look forward to the coming
year.

Anglo4srael Association
Report of the Trustee
for the year ended 31 December 2023
Trusleo's responslbllltles
Law applicable lo Charities in England and Wales require5 the Truslee to prepare financial statements
for the financial year which give a true and fair view of the Association's financial activities during the
year and of ils financial position at the end of Ihe year (unless the Association is entilled to prepare
accounls on the alternative receipts and payment basis). In preparing financial slatements giving a true
and fair view. Ihe Trustee should lollow best practice and:
select sultsble accountlng pollcies and then apply them consistentty.-
make judgements and estimates that are reasonable and prudent:
state whether appSicable accounting standards statements of recommended practice have
been followed. subject to any departures disck)sed and explained in the financial statements: and
prepare the financial statsments on the going concern basis unless it is inappropriale to presume
Ihat the Association will continue in operation.
The Trustee is ￿SponSible for keeping accounllng records which disclose with reasonable accuracy the
financial posltion of the Association and which enable it to ascertain the finanGial position of the
Association and which enable it to ensure that the financial statements comply with applicable law. It
15 also responsible for safeguarding the assets of the Association and hence for taking reason8bla steps
for the prevention and deiectlon of fraud and olher irregularities
Reserves pollcy
The current level of free reserves. being Ihe UnreSt￿led funds Is £Nil (2022: £Nil}. Having regarij lo
fuiure development, the Trustee has set a iarget level of free reSe￿8S of approximately 6 months,
expenditure. This will enable the Association to continue its current activlties and all¢JW it to respond
quickly in Ihe evenl of an emergency. It intends to contlnue ils fundraising effort5 with a view to
maintsining the target level so that the Association will be well placed to ￿spOnd to ils futu￿ needs.
The reserves policy is reviewed annually.
Publlc Beneflt
The principal activitie5 of the Assoclalion during the year continued io be lo educate about Israel to
promote 3 wider understanding of Israel in the UK and to encourage exchanges between both
countrles. The Trustee is aware of the Charity Commission guidance on public benefrt reportlng as set
out in section 17 of thg Charities Act 2011. The Trustee believes that Ihe Asso¢iation achieves a public
benefit by providing these seNices as detailed elsewhere in this reporL
Signed on behalf of the trustee, Anglo Israel Association Corporate Trustee. on ...
Iql 8l.24J.....
Rlchard Bolchover
Dee Bath
Dlractorn of Anglo Israel Assoclatlon
Corporata Trust8•

Anglo-lsrael Association
Independent Auditorfs Report to the Trustee of Anglo-lsrael
Association for the year ended 31 December 2023
Opinion
We have audited the financial statements of Anglo-lsrael Association (the 'Charity') for the year ended
31 December 2023 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:
give a true and fair view of the state of the Charity's affairs as at 31 December 2023 and of its
income and expenditure for the year then ended.
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practi￿.,
have been prepared in accordance wth the requirements of the Charities Act 2011.
Basls for oplnlon
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 elhical
responsibilities in accordan￿ with these requirements. We believe that the audil evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial stalements, 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 con￿rn 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 con￿rn are described
in the relevant sections of this report.
Other inforniation
The Trustee is responsible for the other infomiation. The other infomiation 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 ofthe 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 malerial inconsistencies or apparent material tnisstatements, 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 infomiation. 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.

Anglo-lsrael Association
Independent Auditorfs Report to the Trustee of Anglo-lsrael
Association for the year ended 31 December 2023
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..
•sufficient accounting records have not been kept.
•the financial statements are not in agreement with the accounting records and returns. or
•we have not obtained all the information and explanations ne￿SSary 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 Tre￿ssary to enable the preparation offinancial 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 concem, disclosing, as applicable, matters related lo going concern and using Ihe
going concern basis of accounling unless the trustee either intends to liquidate the Charity or lo cease
operations, or has no realistic altemative but to do so.
Our responsibilities for the audit of the financial ststements
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.
Misstalements 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-complian￿ with laws and regulations, our procedures included the following:
We enquired of management. which included obtaining and reviewing supporting documentation,
conceming the Charity's policies and procedures relating to..
Identifying. evaluating, and complying with laws and regulations and whether they were aware
of any instances of non-compliance"
Detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected. or alleged fraud.
The internal controls established to miligate risks related to fraud.
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.
We reviewed the financial statement disclosures and tested these to supporting
documentation to assess compliance with applicable accounting standard.
We performed analytical procedures to identify any unusual or unexpected relationships that
may indicate risks of material misstatement due to fraud.
In addressing the risk of fraud through management override of controls, we tested the
appropriateness ofjournal entries and other adjustments, assessed whether the judgements
made in making accounting estimates a￿ indicative of a potential bias and tested significant

Anglo-lsrael Association
Independent Auditorfs Report to the Trustee of Anglo-lsrael
Association for the year ended 31 December 2023
Iransactions that are unusual or those outside the normal course of business.
A further description of our responsibilities for the audit of the financial ststements is located on the
Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description fonns
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 auditorfs report and for no other purpose. To the fullest extent pemiitted 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.
Goldwins Limited
Statutory Auditor
75 Maygrove Road
West Hampstead
London NW6 2EG
Date 19 August 2024
Goldwins Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.

Anglo-lsrael Association
Statement of Flnanclal Actlvltles
for the Year Ended 31 December 2023
Note
Unrestricted
fund
Plnto
designated
fund
MCA general
pernianent
endowment
fund
Restricted
fund
Total
2023
Total 2022
Income:
Donalions
Legacy
Subscriptions
Other income
Income from charllable
activities:
Magazine adverls
Evenls
HMRC JRS Grant
Inveslment income
21,750
21,750
22,665
560
175
2,786
2.786
40,440
47,084
49,264
Total Incomo
25.096
40.440
72,180
72,104
Expenditure:
Investment Management
fees
Annual Dinner
AIA Colloquium
Meetings, Briefings &
Conferences
Events
AIA Magazine
Promoting educalion
about Israel
Grant payable-sapir
Academic
Accountancy
Bank charges
Fees payable lo
Auditors, remuneration
Professional fees
7,713
7.713
9,126
111.902
111,902
67,917
1,000
710
1,000
710
1,000
778
3,348
153.251
3,720
81,682
153,251
Total èxpenditurn
270.211
7.713
277,924
164,223
Nel Ilossesll profit on
inveslments
Net
(expenditure)lincome
20.407
53.134
20,407
299,357
{185,337) {391.476}
(245.115)
Transfers between funds
245.115
(252.539)
(94.545)
101,969
Net mov•m•nt In funds
245.895
41,411
101.969 ￿185,337
391.476
Total funds brought
forward
1,066,788
655.780
4,139
1,726,707
2,118,183
Total funds carried
forward
820,893
614.369
106.108
1,541,370
1,726,707
l income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
The notes fom part of these financial statements.

Anglo4srael Association
Balance Sheet
at 31 Dttemb•r 2023
2023
2023
2022
2022
Fixed assets
Tangible assets
Investments
State of Israel Bond
1.295.262
140.000
1.382.568
340,000
1.435.262
1,722.568
Cuffent assets
Debtors
Cash at bank and in hand
8.997
105,288
9.958
3,486
114,285
Credltors: amounts falllng due
wlthln one year
13,444
(8,177)
{9,305)
Net current assets
106,108
4.139
Total assets less current Ilabllltles
1.541.370
1,726.707
Funds
MCA general permanent endowrnent fund
Pinto designaled fund
Restricted fund
Unrestricted fund
614.369
820.893
106.108
655.780
1,066,788
4,139
10
1,$41.370
1.726,707
19 August 2024
The financial statements were approved and authorised for issue by the Trustee on ........-.............
Signed on behalf of the trustee, Anglo Israel Asswiation Corwate Trustee
chard Bolchovor
De• Both
Dlrectors of Anglo18rael Asso¢latlon
Corporate Trustee
The note5 fom part of these financial statements.

Anglo-lsrael Association
Notes fomiing Part of the Financial Ststements
for the Year Ended 31 December 2023
Accounting policies
(a) General information and basis of preparation
Anglo-lsrael Association is an unincorporated charity governed by its Constrtution 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 beiween both countries.
The charity constitutes a public benefit entity as defined by FR 102. The financial statements have been
prepared in accordan￿ 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 Ihe UK and Republic of Ireland (FRS 102, the Financial Reporling Standard applicable in the Uniled 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 fairf 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 Reporling 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 ststements 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 re￿1vable 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 write-
off 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.
10

Anglo-lsrael Association
Notes Fonning Part of the Financial Ststements
for the Year Ended 31 December 2023 (Continued)
(Q 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.
Investment income
2023
2022
MCA general permanent endowment fund (JM FINN Portfolio)
Pinto designated fund (JM FINN Portfolio)
Pinto designated fund (Other)
40.440
6,644
21.075
23,357
4,832
Total
47.084
49.264

Anglo-lsrael Association
Notes Forniing Part of the Financial Statements
for the Year Ended 31 December 2023 (Continued)
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.
Employees
2023
2022
Staff costs consist of:
Wages and salaries
Social security costs
Pension
60,083
786
1,803
33,994
2.525
510
The average monthly number of employees during the year was 1 (2022 - 2).
The following number of employees re￿iVed employee benefits (excluding employer pension) during the year
between..
2023
No
2022
No
£60,000 - £69,999
Key Management Personnel
The employee benefrts of Key Managemenl Personnel are £62.672 (2022.. £37,029).
Tangible r￿ed assets
Computer
equipment
OITice
equipment
Total
Cost
At 1 January 2023
Additions
10,130
2.725
12,855
At 31 December 2023
10,130
2.725
12,855
Depreciation
At 1 January 2023
Charge for the year
10,130
2,725
12,855
At 31 December 2023
10,130
2.725
12.855
Net book value
At 31 December 2023
At 31 December 2022
The fixed assets are used for direct charitable expenditure.
12

Anglo-lsrael Association
Notes Forniing Part of the Financial Statements
for the Year Ended 31 December 2023 (Continued)
Investments
2023
2022
Market value as at 1 January 2023
Realised (losses)Igains
Unrealised profit on revaluation
Portfolio management charge
Cash injectionl (withdrawn)
Transfer from Investment income
1,382.568
(8,661)
29.068
(7,713)
{100,000)
1,731.027
(21,118)
(278,239)
(9,126)
(39,976)
Market value as at 31 December 2023
1,295.262
1,382.568
Debtors
2023
2022
Prepayments and accrued income
Other debtors
5,604
3,393
4,565
5,393
8.997
9,958
cr￿ltors. amounts falling du• wilhin on• yéar
2023
2022
Accruals and deferred income
other creditors
6,430
1,747
7,558
1,747
8,177
9,305
13

Anglo-lsrael Association
Notes Forniing Part of the Financial Statements
for the Year Ended 31 December 2023 (Continued)
10 Restrlcted 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
1 January
2023
Transfersl
Income Expenditure
31 December
2023
Fund
Colloquium
4,139
101,969
106.108
4,139
101,969
106,108
The Colloquium Fund comprises donations made to hold a Conferen￿ relating to AngI￿lsraeli matters.
Restricted funds (prior year)
Movements
Balance
at
1 January
2022
Balance
at
Transfersl 31 December
Expenditure
2022
Fund
Income
Colloquium
20,208
(16,069)
4,139
20,208
(16,069)
4,139
11 Analysis of net assèts ￿tween funds
Pinto
designated
fund
MCA
general
pernianent
endowment
fund
Unrestricted Restricted
Total
Fund balances at 31
December 2022 are
represented by..
Tangible fixed assets
Investments
State of Israel Bond
Current Assets
Creditors- amounts falling due
within one year
680,893
140,000
614.369
1.295,262
140,000
114,285
8.177
106.108
(8.177)
(8,177)
Total net assets
106,108
820,893
614,369
1,541,370
14

Anglo-lsrael Association
Notes Forniing Part of the Financial Statements
for the Year Ended 31 December 2023 (Continued)
Analysis of net assets between funds (prior year)
Plnto
designated
fund
MCA
general
pernianent
endowment
fund
Unrestricted Restricted
Total
Fund balances at 31
December 2021 are
represented by..
Tangible fixed assets
Investments
State of Israel Bond
Current Assets
Creditors: amounts falling due
within one year
726,788
340,000
655.780
1,382,568
340,000
13,444
9.305
4,139
(9.305)
(9,305)
Total net assets
4,139
1,066,788
655,780
1,726,707
12 Related Parties
There were no related party transactions in Ihe year.
15