2023-04-05-accounts

DocuSign Envelope ID: B10B9982-0216-4CBE-B6AF-05F35CA94DFD

Charity number: 327766

BRITISH FRIENDS OF ALEH

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

DocuSign Envelope ID: B10B9982-0216-4CBE-B6AF-05F35CA94DFD

BRITISH FRIENDS OF ALEH

CONTENTS

	Page
Reference and administrative details of the charity, its trustees and advisers	1
Trustees' report	2 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the financial statements	8 - 15

DocuSign Envelope ID: B10B9982-0216-4CBE-B6AF-05F35CA94DFD

BRITISH FRIENDS OF ALEH

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2023

Trustees	David Cohen
	Alan Sacks
	Dr Hilda Cohen MBE
Charity registered number 327766 Principal office 37 Ferncroft Avenue London NW3 7PG Accountants Blick Rothenberg Limited Chartered Accountants 16 Great Queen Street Covent Garden London WC2B 5AH

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DocuSign Envelope ID: B10B9982-0216-4CBE-B6AF-05F35CA94DFD

BRITISH FRIENDS OF ALEH

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2023

The trustees present their annual report together with the financial statements of the charity for the year 6 April 2022 to 5 April 2023.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and the relevant version of the 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 charity also trades under the names British Friends of ADI.

Objectives and activities

a. Policies and objectives

The charity's objectives are the raising of funds to promote the education of physically and mentally handicapped children.

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the charity commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Grant-making policies

All charitable grants were provided to the ALEH and ADI homes in Israel to support a range of projects and programmes.

c. Reserves policy

The charity holds a minimal level of reserves, sufficient to meet day-to-day fundraising and governance costs.

The charity is committed to using its resources in pursuit of its charitable objectives. It is also committed to maintaining a certain level of free reserves, which is prudent to meet on-going liabilities, sufficient to ensure that all grant commitments can be met and to protect the long-term future of the charity’s activities. The trustees consider that the total closing unrestricted funds of £11,049 are adequate for its size of activities at the year end.

The charity held no restricted funds.

Achievements and performance

a. Main achievements of the charity

In line with the charitable objectives, grants were provided to ALEH and ADI homes in Israel

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BRITISH FRIENDS OF ALEH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Achievements and performance (continued)

b. Review of activities and financial performance

The statement of financial activities set out on page 6 of the financial statements shows how the fund's incoming resources have been expended in the year ended 5 April 2023.

During the year, the charity continued to rely upon donations for the majority of its income, raising £126,055 (2022: £175,877).

Total expenditure for the year was £133,565 (2022: £216,532), which was defrayed on grants payable to charitable institutions of £61,433 (2022: £139,054), and support and governance costs of £72,132 (2022: £77,478).

The charity reports a net deficit for the year of £7,510 (2022: deficit of £40,655).

The statement of financial position set out on page 7 of the financial statements shows the financial position of the fund at 5 April 2023.

The charity reports net assets of £11,049 (2022: £18,559) comprising cash at bank of £15,020 (2022: £22,247), PAYE tax payable of £671 (2022: £688) and accruals of £3,300 (2022: £3,000).

The charity reports total funds of £11,049 (2022: £18,559) which comprises solely of unrestricted funds. The charity holds no restricted funds.

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Principal risk and uncertainties

The trustees actively review the major risks which the charity faces on a regular basis and undertake an annual review of the controls over key financial systems. The trustees have also examined other operational and business risks which the charity faces and confirm that they have established systems to mitigate these risks.

In particular, the effect of the ongoing coronavirus pandemic has caused a significant downturn in the global economy. This has caused the charity to have increased reliance on its donations. As a result, total donations received decreased by £49,822 (28.3%).

Structure, governance and management

a. Constitution

British Friends of Aleh is a registered charity, number 327766, and is constituted under a Trust deed dated 15 April 2015.

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BRITISH FRIENDS OF ALEH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Structure, governance and management (continued)

b. Methods of appointment or election of trustees

The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Trust deed.

The trustees that served in the year were:

David Cohen Alan Sacks Dr Hilda Cohen MBE

c. Financial risk management

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Approved by order of the members of the board of trustees and signed on their behalf by:

David Cohen Trustee

Date: 21-Jan-24 | 22:52 GMT

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BRITISH FRIENDS OF ALEH

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2023

Independent examiner's report to the trustees of British Friends of Aleh ('the charity')

I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2023.

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed 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 the accounts 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) 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 been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the 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:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 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.

Signed: Dated: 22-Jan-24 | 07:21 GMT Russell Tenzer FCA Blick Rothenberg Limited Chartered Accountants 16 Great Queen Street Covent Garden London WC2B 5AH

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DocuSign Envelope ID: B10B9982-0216-4CBE-B6AF-05F35CA94DFD

BRITISH FRIENDS OF ALEH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023

Note Income from: Donations and legacies 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward 10 Net movement in funds Total funds carried forward	Unrestricted funds 2023 £ 126,055 126,055 133,565 133,565 (7,510) 18,559 (7,510) 11,049	Total funds 2023 £ 126,055 126,055 133,565 133,565 (7,510) 18,559 (7,510) 11,049	Total funds 2022 £ 175,877 175,877 216,532 216,532 (40,655) 59,214 (40,655) 18,559

The statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 8 to 15 form part of these financial statements.

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DocuSign Envelope ID: B10B9982-0216-4CBE-B6AF-05F35CA94DFD

BRITISH FRIENDS OF ALEH

BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2023

Note Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 10 Unrestricted funds 10 Total funds	15,020 15,020 (3,971)	2023 £ 11,049 11,049 11,049 - 11,049 11,049	22,247 22,247 (3,688)	2022 £ 18,559
				18,559
				18,559
				- 18,559
				18,559

The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:

David Cohen Trustee

Date: 21-Jan-24 | 22:52 GMT

The notes on pages 8 to 15 form part of these financial statements.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

BRITISH FRIENDS OF ALEH

1. General information

British Friends of Aleh is a charity registered at the charity commission in England and Wales with charity number 327766. Its principal address is 37 Ferncroft Avenue, London, NW3 7PG.

The financial statements are presented in Sterling (£), which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

British Friends of Aleh meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

After making enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

BRITISH FRIENDS OF ALEH

2. Accounting policies (continued)

2.4 Expenditure (continued)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.6 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.7 Financial instruments

The charity has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the charity becomes party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

The charity’s policies for its major classes of financial assets and financial liabilities are set out below.

Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

BRITISH FRIENDS OF ALEH

2. Accounting policies (continued)

Financial instruments (continued)

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of financial activities.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the charity would receive for the asset if it were to be sold at the reporting date.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the statement of financial activities.

Derecognition of financial assets and financial liabilities

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

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BRITISH FRIENDS OF ALEH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

3. Income from donations and legacies

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
	£	£	£
Donations	126,055	126,055	175,877

Included in donations is an amount of £5,301 (2022: £4,500) received from HMRC gift aid repayment claims.

4. Analysis of expenditure by activities

Charitable activities Total 2022	Grant funding of activities 2023 £ 61,433 139,054	Support costs 2023 £ 72,132 77,478	Total funds 2023 £ 133,565 216,532	Total funds 2022 £ 216,532

Analysis of support costs

Staff costs Fundraising costs Postage and stationery Advertising Travel expenses Bank charges Telephone Governance costs	Charitable activities 2023 £ 51,596 8,284 365 310 2,183 724 131 8,539 72,132	Total funds 2023 £ 51,596 8,284 365 310 2,183 724 131 8,539 72,132	Total funds 2022 £ 54,099 8,583 922 1,687 2,423 1,058 321 8,385
			77,478

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BRITISH FRIENDS OF ALEH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

Analysis of governance costs

Unrestricted funds 2023 £ Legal and professional fees 4,725 Bookkkeeping and payroll costs 514 Independent examination fees 3,300 8,539	Total funds 2023 £ 4,725 514 3,300 8,539	Total funds 2022 £ 4,725 660 3,000
		8,385

5. Analysis of grants

	Grants to	Total	Total
	Institutions	funds	funds
	2023	2023	2022
	£	£	£
Grants to institutions	61,433	61,433	139,054

The charity has made the following material grants to institutions during the year:

Name of institution ADI Israel ALEH Israel Erez Association	2023 £ 59,612 1,821 - 61,433	2022 £ 127,960 2,694 8,400
		139,054

6. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner's fee of £3,300 (2022: £3,000), and bookkeeping services of £514 (2022: £660).

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BRITISH FRIENDS OF ALEH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

7. Staff costs

Wages and salaries Social security costs	2023 £ 51,053 543 51,596	2022 £ 52,563 1,536
		54,099

The average number of persons employed by the charity during the year was as follows:

Administrative staff Temporary staff	2023 No. 1 1 2	2022 No. 1 1
		2

No employee received remuneration amounting to more than £60,000 in either year.

8. Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 5 April 2023, no trustee expenses have been incurred (2022 - £NIL).

9. Creditors: Amounts falling due within one year

Other taxation and social security Accruals and deferred income	2023 £ 671 3,300 3,971	2022 £ 688 3,000
		3,688

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BRITISH FRIENDS OF ALEH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

10. Statement of funds

Statement of funds - current year

Balance at 6 April 2022 £ Unrestricted funds General Funds - all funds 18,559 Statement of funds - prior year Balance at 6 April 2021 £ Unrestricted funds General Funds - all funds 59,214 11. Analysis of net assets between funds Analysis of net assets between funds - current year Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Current assets Creditors due within one year Total	Income £ Expenditure £ 126,055 (133,565) Income £ Expenditure £ 175,877 (216,532) Unrestricted funds 2023 £ 15,020 (3,971) 11,049 Unrestricted funds 2022 £ 22,247 (3,688) 18,559	Balance at 5 April 2023 £ 11,049 Balance at 5 April 2022 £ 18,559 Total funds 2023 £ 15,020 (3,971) 11,049 Total funds 2022 £ 22,247 (3,688) 18,559

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

BRITISH FRIENDS OF ALEH

12. Related party transactions

The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 5 April 2023.

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