**CHARITY REGISTRATION NUMBER: 1061061** 

## **Friends of Ilan** 

## **Unaudited Financial Statements** 

**31 December 2020** 

**COHEN ARNOLD** Chartered accountants New Burlington House 1075 Finchley Road LONDON NW11 0PU 



## **Friends of Ilan** 

## **Financial Statements** 

## **Year ended 31 December 2020** 

||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**3**|
|Statement of financial activities|**4**|
|Statement of financial position|**5**|
|Notes to the financial statements|**6**|





## **Friends of Ilan** 

## **Trustees' Annual Report** 

## **Year ended 31 December 2020** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2020. 

## **Reference and administrative details** 

**Registered charity name** Friends of Ilan **Charity registration number** 1061061 **Principal office** 21 Chippenham Mews London W9 2AN **The trustees** Mrs P Richardson (Retired 5 May 2020) Mr L Harding (Retired 15 October 2020) Mr J Lass (Appointed 5 May 2020) Mrs Y Cortes Silva (Appointed 15 October 2020) **Independent examiner** Keith Sussman FCA New Burlington House 1075 Finchley Road LONDON NW11 0PU 

## **Structure, governance and management** 

The Charity is constituted and governed by its Trust Deed dated 4 February 1997 and is an unincorporated Charity registered with the Charity Commission (Registration No. 1061061). 

The day to day affairs of the Charity are administered by the Board of Trustees. 

It is not currently the intention of the Trustees of the Charity to appoint new Trustees. Should the situation change in the future, the Trustees will apply suitable recruitment and training procedures. 

## **Risk management** 

The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to mitigate those risks. 

## **Objectives and activities** 

The objectives of the charity are the relief of sickness of persons with cerebral palsy, polio and other neuro-muscular disabilities and the advancement of education of children and adults afflicted with such disabilities. In particular the charity supports the activities of the Ilan organisation in Israel which runs facilities for the needs of these disabled persons. 

The income of the charity is derived from donations from individuals and charitable institutions. The Charity utilises its income to make grants and donations to further the charitable objectives stated above. 

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. 

**- 1 -** 



Frlends of llan
Tru5tee8' Annual R¢port{¢•thw
Year ended 31 December 2020
Achlevements and perfornthn¢e
During the year. there were continued app]ic&tions to grant giving trusts with interests in relief and
help for disabled people. The trustees believe that th¢re is now an awar¢lless of the oh￿lty,8 good
A total of £48,000 (2019: £10,000) was donated during the Ye￿ to tian in Israel, enabling support of
11a0 centre8 and projects.
FIn4nd￿ review
The fitw¢ial Situation is stable in that the chatity is in a net surplus positio￿ and tbe trustees fe¢1 that
there 18 now abasis of supp)rt for the charity in the community.
Reservu Pollcy
At tbe year-end £1218 was held as unrestricted fimds. The policy of the ¢harity is to maintain fi￿￿$ at
al level which the tsvstees thiDk appropriate to meet future commitsnents to support and finance the
omes, activities al￿ projects of llan In Israel, and as the lleeds are geat there is uqually not a large
surpluq in reseryes after meeting administrative costs. There are nevertheless no restrirtions on the
charitys powers to invest sury)lus fimds.
Plans for future perlods
The charity plalls to continue the activities Outlined above in fortb¢oming years subject to satisfactory
incoming resources.
The trustees, annual report was approved ott 03 November 2021 and signed on behalf of the board of
by..
J tass
Trustee

**Friends of Ilan** 

## **Independent Examiner's Report to the Trustees of Friends of Ilan** 

## **Year ended 31 December 2020** 

I report to the trustees on my examination of the financial statements of Friends of Ilan ('the charity') for the year ended 31 December 2020. 

## **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 Act’). 

I report in respect of my examination of the charity's financial statements 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 145(5)(b) of the Act. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

(1) which gives me reasonable cause to believe that in any material respect the requirements: 

- to keep accounting records in accordance with section 386 of the Companies Act 2006, and 

 to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met, or 

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached." 

Keith Sussman FCA Independent Examiner 

New Burlington House 1075 Finchley Road LONDON NW11 0PU 

03 November 2021 

**- 3 -** 



## **Friends of Ilan** 

## **Statement of Financial Activities** 

## **Year ended 31 December 2020** 

|||**2020**||2019|
|---|---|---|---|---|
|||Unrestricted|||
|||funds**Total funds**||Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**4**|49,721|**49,721**|10,550|
|||`─────────`|`─────────`|`─────────`|
|**Total income**||49,721|**49,721**|10,550|
|||`═════════`|`═════════`|`═════════`|
|**Expenditure**|||||
|Expenditure on charitable activities|**5,6**|(48,833)|**(48,833)**|(10,625)|
|||`─────────`|`─────────`|`─────────`|
|**Total expenditure**||(48,833)|**(48,833)**|(10,625)|
|||`═════════`|`═════════`|`═════════`|
|||`─────────`|`─────────`|`─────────`|
|**Net income/(expenditure) and net movement in funds**||888|**888**|(75)|
|||`═════════`|`═════════`|`═════════`|
|**Reconciliation of funds**|||||
|Total funds brought forward||330|**330**|405|
|||`─────────`|`─────────`|`─────────`|
|**Total funds carried forward**||1,218|**1,218**|330|
|||`═════════`|`═════════`|`═════════`|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 6 to 10 form part of these financial statements.** 

**- 4 -** 



Frlends of IlaD
Statement of Flnancial Posldon
31 Deeember 2020
2020
2019
Nole
Curreot a&5ets
Cath at baJ)k and in band
1018
(600)
930
Credltors; amount8 faUiD8 due wAtbln one year
Net current 8$8ets
12
(600)
330
1,218
TDtAI a$8ets lus eurrent ]i*bllltles
Net a88ets
1.218
1,218
330
330
Funds of tbe eknrlty
Unrestricted fullds
1,218
1318
330
Totsl chwity funds
13
330
These financiol gtstements were approved by the board of tystees and authoris•J for issue OD 03
202
are signed ott behalf of tbe board by:
MrJLas
Tn￿tee
The 6 to 10 fornip*rt Lif theJe fju*ndal

**Friends of Ilan** 

## **Notes to the Financial Statements** 

## **Year ended 31 December 2020** 

## **1. General information** 

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 21 Chippenham Mews, London, W9 2AN. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', 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) (Charities SORP (FRS 102)) and the Charities Act 2011. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

## **Incoming resources** 

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

**- 6 -** 



**Friends of Ilan** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 December 2020** 

## **3. Accounting policies** _**(continued)**_ 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities.  A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Equipment 

- 25% straight line 

## **Impairment of fixed assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

**- 7 -** 



## **Friends of Ilan** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 December 2020** 

## **3. Accounting policies** _**(continued)**_ 

## **Financial instruments** 

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

## **4. Donations and legacies** 

|**Donations and legacies**|||||
|---|---|---|---|---|
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2020**|Funds|2019|
||£|**£**|£|£|
|**Donations**|||||
|Donations|49,721|**49,721**|10,550|10,550|
||`═════════`|<br>`═════════`|`═════════`|`═════════`|



## **5. Expenditure on charitable activities by fund type** 

||Unrestricted|<br>**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|<br>**2020**|Funds|2019|
||£|**£**|£|£|
|Donations to Ilan Israel|48,000|<br>**48,000**|10,000|10,000|
|Support costs|833|<br>**833**|625|625|
||`─────────`|<br>`─────────`|`─────────`|`─────────`|
||48,833|<br>**48,833**|10,625|10,625|
||`═════════`|<br>`═════════`|`═════════`|`═════════`|
|**Expenditure on charitable activities by activity type**|||||
||Grant funding||**Total funds**|Total fund|
||of activities|Support costs|**2020**|2019|
||£|£|**£**|£|
|Donations to Ilan Israel|48,000|<br>233|**48,233**|10,025|
|Governance costs|–|<br>600|**600**|600|
||`─────────`|<br>`────`|`─────────`|`─────────`|
||48,000|<br>833|**48,833**|10,625|
||`═════════`|<br>`════`|`═════════`|`═════════`|
|**Analysis of support costs**|||||
||Finance Costs|Bank Charges|**Total 2020**|Total 2019|
||£|£|**£**|£|
|Governance costs|800|<br>33|**833**|625|
||`════`|<br>`════`|`════`|`════`|



## **6. Expenditure on charitable activities by activity type** 

## **7. Analysis of support costs** 

**- 8 -** 



## **Friends of Ilan** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 December 2020** 

## **8. Analysis of grants** 

|**8.**|**Analysis of grants**|||
|---|---|---|---|
|||**2020**|2019|
|||**£**|£|
||**Grants to institutions**|||
||Grants to institutions|**48,000**|10,000|
|||`─────────`|`─────────`|
||Total grants|**48,000**|10,000|
|||`═════════`|`═════════`|
|**9.**|**Independent examination fees**|||
|||**2020**|2019|
|||**£**|£|
||Fees payable to the independent examiner for:|||
||Independent examination of the financial statements|**1,200**|1,200|
|||`═══════`|`═══════`|



## **10. Trustee remuneration and expenses** 

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 

## **11. Tangible fixed assets** 

|**Tangible fixed assets**|||
|---|---|---|
||Equipment|**Total**|
||£|**£**|
|**Cost**|||
|**At 1 January 2020 and 31 December 2020**|1,400|**1,400**|
||`═══════`|`═══════`|
|**Depreciation**|||
|**At 1 January 2020 and 31 December 2020**|1,400|**1,400**|
||`═══════`|`═══════`|
|**Carrying amount**|||
|**At 31 December 2020**|–|**–**|
||`═══════`|`═══════`|
|At 31 December 2019|–|–|
||`═══════`|`═══════`|
|**Creditors:** **amounts falling due within one year**|||
||**2020**|2019|
||**£**|£|
|Accruals and deferred income|**600**|600|
||`════`|`════`|



## **12. Creditors: amounts falling due within one year** 

**- 9 -** 



## **Friends of Ilan** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 December 2020** 

## **13. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||
|---|---|---|---|---|
|||||**At**|
||At 1 January||**31 December**||
||2020|Income|Expenditure|**2020**|
||£|£|£|**£**|
|General funds|330|49,721|(48,833)|<br>**1,218**|
||`════`|`═════════`|`═════════`|`═══════`|
|||||At|
||At 1 January||31 December||
||2019|Income|Expenditure|2019|
||£|£|£|£|
|General funds|405|10,550|(10,625)|<br>330|
||`════`|`═════════`|`═════════`|`════`|
|**Analysis of net assets between funds**|||||
||||Unrestricted|**Total Funds**|
||||Funds|**2020**|
||||£|**£**|
|Current assets|||1,818|**1,818**|
|Creditors less than 1 year|||(600)|<br>**(600)**|
||||`───────`|`───────`|
|**Net assets**|||1,218|**1,218**|
||||`═══════`|`═══════`|
||||Unrestricted|Total Funds|
||||Funds|2019|
||||£|£|
|Current assets|||930|930|
|Creditors less than 1 year|||(600)|<br>(600)|
||||`────`|`────`|
|**Net assets**|||330|330|
||||`════`|`════`|



## **14. Analysis of net assets between funds** 

**- 10 -**