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Registered number: 06288834
Charity number: 1121683










UK FRIENDS OF THE CITY OF DAVID
(A Company Limited by Guarantee)







UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
UK FRIENDS OF THE CITY OF DAVID
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Reference and Administrative Details of the Company, its Trustees and Advisers
1
Trustees' Report
2 - 4
Statement of Financial Activities
5
Balance Sheet
6
Notes to the Financial Statements
7 - 10

 
UK FRIENDS OF THE CITY OF DAVID
 
(A Company Limited by Guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2024


Trustees
D L Peters
D Spielman
U Ullmann
H Bergson

Company registered number
06288834

Charity registered number
1121683

Registered office
101 New Cavendish Street
1st Floor South
London
W1W 6XH

Company secretary
Y Maly

Accountants
Harris & Trotter LLP
Chartered Accountants
101 New Cavendish Street
1st Floor South
London
W1W 6XH

Page 1

 
UK FRIENDS OF THE CITY OF DAVID
 
(A Company Limited by Guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The Trustees present their annual report together with the financial statements of the UK Friends Of The City Of David for the  1 July 2023 to 30 June 2024The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

The objectives of the Charity are the preservation and development of the Biblical City of David and its environs.
 

The charity relies on donations from various supporters, including institutions. Its only other income is bank
interest.
It is entirely run by unpaid volunteers. The directors donate the charity's funds to organisations whose work is
consistent with the company's principal objectives. 
The Charity's aims are:
To promote for the benefit of the public the preservation, protection and improvement of the physical and natural
environment in and surrounding ancient Jerusalem, in particular by the provision of funds and donations as the
Board of Directors shall think fit; and
The promotion for the benefit of the public of urban or rural regeneration in areas of social and economic
deprivation (and in particular in ancient Jerusalem) by all or any of the following means:
- the protection or conservation of the environment;
- the preservation of buildings or sites of historic or architectural importance;
- the maintenance, improvement or provision of public amenities; and
- such other means as may from time to time be determined, subject to the prior written consent of the Charity
Commissioners for England and Wales.
 

b. Grant-making policies
 

The charity invites applications for funding of projects through various sources. The applications are reviewed by the trustees who ensure that they are in accordance with the charity's objectives. 
 

Page 2

 
UK FRIENDS OF THE CITY OF DAVID
 
(A Company Limited by Guarantee)
 
Achievements and performance
 

a. Review of activities
 

Total income for the year was £nil (2023: nil). During the year, the charity paid £nil (2023: £8) in grants to Israel and UK. The Charity's reserves at the balance sheet date were £6,692 (2023: £9,520).
 

b. Investment policy and performance
 

In accordance with the memorandum and articles of association, the trustees have the power to invest in such
assets as they see fit. 
The Charity has a policy of keeping surplus liquid funds in short term deposits. This low risk investment policy
provided the flexibility in making charitable grants and ensures the charity has adequate funds to meet ongoing
grant commitments and administration costs in accordance with its reserves policy.
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company 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. Reserves policy
 

The level of reserves is considered appropriate given the nature of the income.
 

Structure, governance and management
 

a. Constitution
 

The charity registered as a charitable company limited by guarantee and was set up by a Memorandum of
Association on 21 June 2007, and on 26 November 2007 was registered with the Charity Commission for
England and Wales. Its governing document is its Memorandum and Articles of Association.
The members of the management committee, who are also the directors for the purpose of company law, and
who served during the year were:
D L Peters
D Spielman
U Ullmann
H Bergson
None of the members of the management committee has any beneficial interest in the company. All of the
members of the management committee are members of the company and guarantee to contribute up to £10 in
the event of a winding up.
 

b. Methods of appointment or election of Trustees
 

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
 

Page 3

 
UK FRIENDS OF THE CITY OF DAVID
 
(A Company Limited by Guarantee)
 
Structure, governance and management (continued)

c. Policies adopted for the induction and training of Trustees
 

Existing trustees brief new trustees on the Charity's aims and objectives. They are given a copy of the
Memorandum and Articles of Association along with the latest financial statements. They are also given
literature about the Charity and directed towards the Charity's website. They are also sent a copy of the Charity
Commission's guidelines for trustees, which will help them fulfil their role in line with charity and company law.
 

d. 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.
 

Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

 

 
 

Approved by order of the members of the board of Trustees on 13 March 2025 and signed on their behalf by:
 




................................................
D L Peters
Page 4

 
UK FRIENDS OF THE CITY OF DAVID
 
(A Company Limited by Guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024


Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
Note
        £
        £
        £

Income from:






Total income
-
-
-
Expenditure on:






Charitable activities:





Grants paid



-

-

8
 
Bank charges



285

285

855
 
Accountancy fee



2,520

2,520

1,920
 
Computer cost



23

23

-
 
Total expenditure
2,828
2,828
2,783

Net movement in funds
  
(2,828)
(2,828)
(2,783)

Reconciliation of funds:

  




Total funds brought forward

  

9,520

9,520

12,303
 
Net movement in funds

  

(2,828)

(2,828)

(2,783)
 
Total funds carried forward
  
6,692
6,692
9,520

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 7 to 10 form part of these financial statements.

Page 5

 
UK FRIENDS OF THE CITY OF DAVID
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06288834

 
 
BALANCE SHEET
AS AT 30 JUNE 2024


2024
2023
Note
£
£

Current assets
  

Debtors
 4 
29
-

Cash at bank and in hand
  
7,863
10,720

  
7,892
10,720

Creditors: amounts falling due within one year
 5 
(1,200)
(1,200)

Net current assets 
  
 
 
6,692
 
 
9,520

Total assets less current liabilities
  
6,692
9,520

Net assets excluding pension asset 
  
6,692
9,520

Total net assets 
  
6,692
9,520


Charity funds
  

Unrestricted funds
 6 
6,692
9,520

Total funds
  
6,692
9,520

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 13 March 2025 and signed on their behalf by:




................................................
D L Peters

The notes on pages 7 to 10 form part of these financial statements.

Page 6

 
UK FRIENDS OF THE CITY OF DAVID

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies

  
1.1

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 Companies Act 2006.

UK Friends Of The City Of David 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.

  
1.2

Going concern

In assessing the ability of the charity  company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the charity company. The charity company is not in a net deficit position and as a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

  
1.3

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.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company'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.

  
1.4

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

  
1.5

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.

Page 7

 
UK FRIENDS OF THE CITY OF DAVID

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies (continued)


1.6

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 Company 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.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

  
1.7

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 Company and which have not been designated for other purposes.


2.

Analysis of grants




Grants to Institutions
2024
Total
funds
2024
Total
funds
2023
        £
        £
        £




Grants paid

-

-

8
 
Total 2023


8
8


3.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 30 June 2024, no Trustee expenses have been incurred (2023 - £NIL).

Page 8

 
UK FRIENDS OF THE CITY OF DAVID

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.



Debtors


2024
2023
£
£


Due within one year

Prepayments and accrued income
29
-

29
-


5.



Creditors: Amounts falling due within one year


2024
2023
£
£


Accruals and deferred income
1,200
1,200


6.

Statement of funds


Statement of funds - current year

Balance at 1 July 2023
£
Expenditure
£
Balance at 30 June 2024
£

Unrestricted funds




General Funds - all funds

9,520

(2,828)

6,692
 



Statement of funds - prior year

Balance at
1 July 2022
£
Expenditure
£
Balance at
30 June 2023
£

Unrestricted funds




General Funds - all funds

12,303

(2,783)

9,520
 




Page 9

 
UK FRIENDS OF THE CITY OF DAVID

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted funds
2024
Total
funds
2024
        £
        £


Current assets

7,892

7,892

Creditors due within one year

(1,200)

(1,200)

Total 


6,692
6,692



Analysis of net assets between funds - prior period

Unrestricted funds
2023
Total
funds
2023
        £
        £


Current assets

10,720

10,720

Creditors due within one year

(1,200)

(1,200)

Total 

9,520
9,520

Page 10