Anglo-lsrael Association
Report and Financidl Statements
Year Ended
31 December 2024

Anglo-lsraol Association
Annual report and financial statements
for the year ended 31 December 2024
Contents
Pages
Charity Information
Report of the Trustee
Report of the Independent Examiner
Statement of financial activities
Balance sheet
8- 12 Notes forming part of the financial statements

Anglo-lsrael Association
Annual report and financial statements
for the year ended 31 December 2024
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. Belh (Honorary Treasurer)
Professor D. Ho¢hhauser
Mr A. Reeve
Registered Offic8 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 STA
Charity Reglstration Number
313523

Anglo-lsrael As >ociation
Report of the Trustee
for the year ended 311)ecember 2024
The Trustee presents its report and the financial statements forthe year ended 31 December 2024.
Structure, Governance and Management
The Association is a charitable unincorporated association
'nd is managed and administered by Anglo
Israel Association Corporate Trustee, as Corporate Tr:J<*ee, pursuant to the Charity Commission
Scheme dated 26 July 2016. Ils Board currently has five 'irK Ctors, known as directors, all ofwhom are
members.
Aims, objectives and management
The Association's primary purpose is to educate about Isr 'el to promote a wider understanding of
Israel in the UK and to encourage exchanges between both , ountries.
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 pol lical 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 10 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 a5 awarding
scholarships and grants to encourage deeper relationships be￿een 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 ils
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 goodwlll between the people of Dur two countries.

Anglo-lsrael Association
Report of the Trustee
for the year ended 31 December 2024
Review of activitles - 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 firms and specialist charity legal advisors. A firm
consensus was reached, and the Association is implementing these changes, whlch hold the promise
of greater effectiveness in the coming years.

Anglo.Israel Associatlon
Report of the Trustee
for the year ended 31 December 2024
Trustee's responslbllltlos
Law applicable to Charities in England and Wales requires the Trustee lo 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 its financial position at the end of the year (unless the Association is enlilled lo prepare
accounts on the alternative receipts and payment basis). In preparing financial 51atemenls giving a true
and fair view, the Trustee should follow best practice and:
Select suitable accounting policies and Ihen apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accountlng standards and statements of recommended practice have
been followed, subject to any departures disclosed and explained in the financial statemonts. and
prepare the financlal slatements on the going concern basis unless it is inappropriate to presume
that the Associalion will continue in operation.
The Trustee is responsible forkeeping accounting records which disclose with reasonable accuracy the
financlal position of the Association and which enable it to ascertain the finarscial position of the
Associatlon and which enable it to ensure that the flnancial slatemenls comply with applicable law. It
is also responslble for safeguarding th8 assets ofthe Association and hence fortaklng reasonable steps
for the prevention and deteciion of fraud and other irregul8rilies
Resorves pollcy
The current level of free reserves, belng the unrestrlcted funds Is £Nil (2023.. £Nil). Having regard to
future development, the Trustee has sel a target level of free reserves of approximately 6 monlhs,
expenditure. This will enable the Association lo continue ils current activities and allow it to respond
quickly in the evenl of an emergency. 11 intends to continue its fundraising efforts with a vlew to
maintaining the target level so that the Association will be well placed to respond to ils futur8 needs.
The reserves policy is reviewed annually.
Public Beneflt
The principal activities of the Associalion during the year continued to be to educate about Israel to
promote a wider understandlng of Israel in the UK and to encourage exchanges between both
countries. The Trustee is aware of the Charity Commission guidance on public benefit reporting as set
out in section 17 of th8 Charities Act 2011. The Trustee believes that the Assoclation achl8V8s a public
benefit by providing these servlces as detailed elsewhere In this report.
Signed on behalf of Ihe trustee, Anglo Israel Association Corporate Trustee, on
Rlchard Bolchover
Doe Bath
Directors of Anglo Israel Assoclatlon
Corporato Trustse

Independent examiner's report to the trustees of
Anglo-lsrael Association
I report to the trustees on my examination of the accounts of the Anglo-lsrael Association for the year
ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 (Ihe Act,).
I report In respect of my examination of the Trust's accounts carried out under section 145 of the 2011
Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 145151(bl of the Act.
Independent examiner's statement
I have completed my examination. I confim ihat no material matters have come to my attention in
connection wilh the examination giving me ¢ ause to believe that in any material respect-.
accounting records were not kept in respect of the Trust as required by section 130 of the Act,.
or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view which is not a matter considered as
part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
2910412025
Anthony Epton BA FCA CTA FCIE
Goldwins
Chartered accountants
75 Maygrove Road
West Hampstead
London NW6 2EG

Anglo-lsrael Association
ststem8nt of Financial Activities
for the Year Ended 31 December 2024
Note
Unrestricted
fund
Pinto
designatèd
fund
MCA general
permanent
endowment
fund
Restrictgd
fund
Total
2024
Total 2023
Income:
Donations
Legacy
Subscriptions
Other income
Income from ¢haritable
activities".
Events
HMRC JRS Grant
Inveslmenl income
21,750
411
411
560
2,786
7,019
49.614
S6,633
47.084
Total income
411
7,019
49,614
57.044
72,180
Expenditure:
Investment Managemenl
fées
AIA Colloquium
Meelings, Briefings &
Conferences
Events
Promoting education
about Israel
Accountancy
Bank char9es
Fees payable to the
Independent Examiner
Professional fees
7,885
7,885
7.713
45,793
1,000
353
45.793
1,000
353
111,902
1,000
710
3,000
38,997
3.000
38,997
3,348
153,251
Total expendlture
89,143
7,885
97,028
277,924
Net Ilossesll profit on
investments
Net
lexpendSturellin¢ome
53,069
94,798
53,069
13,085
20,407
1185.337)
188,7321
7.019
Transfers between funds
56,634
16,733
173.3671
Net movement in funds
132,098
23.752
21.431
13.085
185,337
Total funds brought
foTward
106,108
820,893
614,369
1.541.370
1,726.707
Total funds carried
fonvard
74,010
844,645
635,800
1,554.455
1,541.370
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.

Anglo-lsrael Assoclation
Balance Sheet
at 31 December 2024
Restatod
2023
Noto
2024
R68tated
2023
2024
Fixed assats
Tangible assets
Investments
State of Israel Bond
1,340,445
140,000
1,295,262
140.000
1,480,445
1,435,262
Current ass6t8
Debtors
Cash al bank and In hand
8,258
70,989
8,997
105,288
Credltors: amounts falllng due
wlthln ono year
79.247
114,285
(5,237)
(8.177)
Net current assets
74,010
108,108
Total assets lèss current liabllltles
1,554,455
1,541.370
Funds
MCA general permanent endowment fund
Plnto designated fund
Unreslrlcted fund
635,800
844,645
74,010
614,369
820,893
106.108
1.554,455
1.541,370
The financial statements were approved and authorlsed for issue by the Trustee on
Slgned on behalf of the trusiee, Anglo Israel Association Corporate Tnjstee
Rlchard Bolchover
D89 Both
Dlrectors of Anglo Israel A¥soGlatlon
Corporate Trust80
The notes form part of these financial statements.

Anglo-lsrael Association
Notes forming Part of the Financial Statements
for the Year Ended 31 December 2024
Accounting policies
(a) General information and basis of preparation
Anglo-lsrael Association is an unincorporated charity governed by its Constitution and operating within the
United Kingdom. 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 countrtes.
The charity Gonstitutes 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. 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" viewand 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 ofthe charity.
The significant accounting policies applied in the preparation of these financial ststements are set out below.
The policies have been consistently applied to all years presented unless otherwise stated.
(b) Donations and other cha17table 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 estales.
(c) Tangible fixed assets and depreciation
Tangible fixed assets are staled 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
Office equipment
- 33.330
- 20¥0
(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.

Anglo-lsrael Association
Notes Forming Part of the Financial Statements
for the Year Ended 31 December 2024 (Continued)
(Q Restncted funds
Donations received towards the Costs of specific charitable programmes.
(g) Debtors and Greditors 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 Gurrency
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 Goncem
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 inGome and expenditure
are suffi'cient with the level of reserves for the charity to be able to continue as a going concern.
Investment income
2024
2023
MCA general permanent endowment fund (JM FINN Portfolio)
Pinto designated fund IJM FINN Portfolio)
Pinto designated fund (Other}
23,533
26,081
7,019
19,182
21,258
6,644
Total
56,633
47,084

Anglo-lsrael Association
Notes Forming Part of the Financial Statements
for the Year Ended 31 December 2024 (Continued)
Trustees
No directors of the Trustee. who comprise the charity's key management personnel (or any persons connected
th them) received any remuneration durtng the year.
Employees
2024
2023
Staff costs consist of..
Wages and salaries
Social security costs
Pension
17,250
2,067
518
60,083
786
1,803
The average monthly number of employees during the year was 1 (2023- 1}.
The following number of employees received employee benefits (excluding employer pension) during the year
between:
2024
2023
£60,000 - £69,999
Key Management Personnel
The employee benefits of Key Management Personnel are £19,835 (2023.. £62,672).
Tangible fixed assets
Computer
equipment
Office
equipment
Total
Cost
At 1 January 2024
Additions
10,130
2,725
12,855
At 31 December 2024
10,130
2,725
12,855
Depreciation
At 1 January 2024
Charge for the year
10.130
2,725
12,855
At 31 December 2024
10,130
2,725
12,855
Net bi)ok value
At 31 December 2024
At 31 December 2023
The fixed assets are used for direcl charitable expenditure.
10

Anglo-lsrael Association
Notes Forming Part of the Financial Statements
for the Year Ended 31 December 2024 (Continued)
Investments
2024
2023
Market value as at 1 January 2024
Realised (losses)Igains
Unrealised profit on revaluation
Portfolio management charge
Cash injectionl (withdrawn)
1,295,262
1,055
52,013
{7,885)
1.382.568
(8.661)
29,068
(7.713)
(100,000)
Market value as at 31 December 2024
1,340,445
1,295,262
Debtors
2024
2023
Prepayments and aGcrued income
Other debtors
4,865
3,393
5,604
3,393
8,258
8,997
Creditors.. amounts falling due within one year
2024
2023
Accruals and deferred income
Other creditors
3,400
1,837
6,430
1,747
5,237
8,177

Anglo-lsrael Association
Notes Forming Part of the Financial Statements
for the Year Ended 31 December 2024 (Continued)
10 Analysis of net assets between funds
Pinto
designated
fund
MCA
general
pemianent
endowment
fund
Unrestricted Restricted
Total
Fund balance5 at 31
December 2024 are
represented by..
Tangible fixed asset5
Investments
state of Israel Bond
Current Assets
Creditors.. amounts falling due
within one year
704,645
140,000
635,800
1,340,445
140,000
79,247
79,247
15,237)
(5,237)
Total net assets
74,010
844,645
635,800
1,554,455
Analysis of net assets between funds (prior year)
Unrestrlcted Restricted
Pinto
designated
fund
MCA
general
permanent
endowment
fund
Total
Fund balances at 31 December 2023
are represented by..
Tangible fixed assets
Investments
Slate of Israel Bond
Current Assets
Creditors.. amounts falling due within
one year
680,893
140,ODD
614,369
1,295.262
140,000
114,285
114.285
(8,177)
(8,177)
Total net assets
106,108
820,893
614,369
1,541,370
The charity is in process of transferring the assets to a CIO structure and has received approval from the Charity
Commission.
11 Related Parties
There were no related paty transactions in the year.
12