Charity Registration No. 327668
THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr H Olmer Ms M Waiman Mr I Weinstock
Charity number
327668
Independent examiner
SPW (UK) LLP Gable House 239 Regents Park Road London N3 3LF
THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 |
| Independent examiner’s report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the accounts | 5 - 7 |
THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 APRIL 2024
The trustees present their report and financial statements for the year ended 30 April 2024.
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 the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Objectives and activities
The charity's objects and activities are in line with governing document, to advance and assist activities of The Beth Lohamei Hagetaot Museum.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
The charity has received £70,500 during the year and majority of this was transferred to The Beth Lohamei Hagetaot Museum.
Financial review
The charity continues to have a positive bank balance and balance sheet.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity was established by a charitable trust deed on 18 December 1987.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr H Olmer
Ms M Waiman
Mr I Weinstock
The members have the power at any time to appoint any person to be a member either to fill a casual vacancy or as an additional member by a majority decision.
The company's current policy concerning the payment of trade creditors is to:
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settle the terms of payment with suppliers when agreeing the terms of each transaction;
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ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
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pay in accordance with the company's contractual and other legal obligations.
The above trustees form the Members of the Trust.
The power of appointing and removing trustees is vested in the Members of the Trust as a collective.
The report was approved by the Board of Trustees.
coral wemnslEck
..............................
Mr I Weinstock Trustee Dated: 15 August 2025
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THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT
I report to the trustees on my examination of the financial statements of The British Friends of Beth Lohamei Hagetaot (the charity) for the year ended 30 April 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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 financial statements to be reached.
SPW (UK) LLP
Gable House 239 Regents Park Road London N3 3LF
Dated: 15 August 2025
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THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2024
| Restricted | ||
|---|---|---|
| funds | ||
| 2024 | ||
| Notes | £ | |
| Income from: | ||
| Donations | 3 | 70,500 |
| Expenditure on: | ||
| Charitable activities | 4 | 70,085 |
| Total resources expended | 70,085 | |
| Net income for the year/ | ||
| Net movement in funds | 415 | |
| Fund balances at 30 April 2023 | 1,657 | |
| Fund balances at 30 April 2024 | 2,072 | |
| The statement of financial activities includes all gains and losses recognised in the year. | ||
| All income and expenditure derive from continuing activities. |
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THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT
BALANCE SHEET
AS AT 30 APRIL 2024
| 2024 | |||
|---|---|---|---|
| Notes | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 2,072 | ||
| Net current assets | 2,072 | ||
| Total assets | 2,072 | ||
| Income funds | |||
| Restricted funds | 2,072 | ||
| 2,072 | |||
| The financial statements were approved by the Trustees on 15 August 2025 | |||
| .............................. coral wemnslEck |
|||
| Mr I Weinstock | |||
| Trustee |
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THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
1 Accounting policies
Charity information
The British Friends of Beth Lohamei Hagetaot is a registered charity established by a charitable trust deed.
1.1 Accounting convention
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts, 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1 Accounting policies
1.5 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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THE BRITISH FRIENDS OF BETH LOHAMEI HAGETAOT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations
| 2024 | |
|---|---|
| £ | |
| Donations | 70,500 |
4 Charitable activities
| Administration expenses Charitable activities and donations Analysis by fund Restricted funds |
2024 £ 1 70,084 |
|---|---|
| 70,085 | |
| 70,085 | |
| 70,085 |
5 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
6 Employees
There were no employees during the year.
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