2020-12-31-accounts

REGISTERED CHARITY NUMBER: 1081887

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

BRITISH FRIENDS OF SHALVA

Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

BRITISH FRIENDS OF SHALVA

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

	Page
Report of the Trustees	1 to 2
Independent Examiner's Report	3
Statement of Financial Activities	4
Balance Sheet	5
Cash Flow Statement	6
Notes to the Cash Flow Statement	7
Notes to the Financial Statements	8 to 11

BRITISH FRIENDS OF SHALVA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives for which the charity is established are to relieve the suffering of disabled children living in Israel by promoting and supporting the work of Shalva, particularly but not exclusively through the provision of funds and equipment not normally provided by the local authority/health authority and central government, respite accommodation and holidays where applicable and personnel to enable the children to receive medical service, education and employment training.

The charity operates throughout England and Wales and Israel.

Activities

This charity raises funds for the Shalva Centre in Jerusalem, Israel. Shalva provides a respite home for children with severe mental and physical disabilities, which accord with the objectives of the charity.

Public benefit

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

Volunteers

The charity has no UK volunteers.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The results for the period at the year end were considered satisfactory by the trustees.

A summary of the charity's transactions and of it's financial position are shown in the financial statements together with the accompanying notes.

Fundraising activities

During the year the charity spent £349,839 (2019: £180,155) on fundraising events. Covid-19 had an impact on the charity's fundraising events but the trustees are satisfied with the level of income received.

FINANCIAL REVIEW

Financial review

The charity is solely dependent upon donations from individuals and other charitable organisations.

The trustees present the financial accounts for the year which show income for the year of £593,226 (2019: £645,518) and total expenditure of £593,486 (2019: £624,015).

Reserves Policy

It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely governance costs of the charity for the next year.

FUTURE PLANS

The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources.

Page 1

BRITISH FRIENDS OF SHALVA

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The official name of the charity is British Friends of Shalva. The charity is governed by its declaration of trust dated 21st December 1999 as amended by resolution dated 12th July 2000 as amended by resolution dated 7th July 2014.

The charity was registered with the Charity Commission on 7th August 2000.

Recruitment and appointment of new trustees

All current trustees are honorary members. The trustees administer the day to day affairs of the charity.

It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment training and induction procedures.

None of the trustees have any beneficial interest in the charity.

Risk management

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

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1081887

Principal address

42/3 Derech Beit Lechem Jerusalem 93504

Trustees

Mr H Goldring (resigned 29.1.20) Mr J H Corre Ms D Fisher Chair Mr R Kannor Mrs M Shemtob

Independent Examiner

Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

Bankers

Lloyds TSB PO Box 1000 Andover BX1 1LT

Approved by order of the board of trustees on 1 August 2021 and signed on its behalf by:

Mr J H Corre - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH FRIENDS OF SHALVA

Independent examiner's report to the trustees of British Friends of Shalva

I report to the charity trustees on my examination of the accounts of British Friends of Shalva (the Trust) for the year ended 31 December 2020.

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 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants of England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no material 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 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.

Daniel Fine FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

1 August 2021

Page 3

BRITISH FRIENDS OF SHALVA

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 593,226 EXPENDITURE ON Raising funds 3 49,839 Charitable activities 4 Grants to Shalva Centre 299,999 Charitable activities 243,648 Total 593,486 NET INCOME/(EXPENDITURE) (260) RECONCILIATION OF FUNDS Total funds brought forward 96,441 TOTAL FUNDS CARRIED FORWARD **96,181 **	2019 Total funds £ 645,518 180,155 202,499 241,362 624,016 21,502 74,939 96,441

The notes form part of these financial statements

Page 4

BRITISH FRIENDS OF SHALVA

BALANCE SHEET

31 DECEMBER 2020

2020 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 1,788 CURRENT ASSETS Debtors 10 26,568 Cash at bank 69,221 95,789 CREDITORS Amounts falling due within one year 11 (1,396) NET CURRENT ASSETS 94,393 TOTAL ASSETS LESS CURRENT LIABILITIES 96,181 NET ASSETS 96,181 FUNDS Unrestricted funds 96,181 TOTAL FUNDS 96,181	2019 Total funds £ 856 27,240 69,845 97,085 (1,500) 95,585 96,441 96,441 96,441 96,441

The financial statements were approved by the Board of Trustees and authorised for issue on 1 August 2021 and were signed on its behalf by:

Mr J H Corre - Trustee

The notes form part of these financial statements

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BRITISH FRIENDS OF SHALVA

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	2020 £ 999 999 (1,622) (1,622) (623) 69,845 69,221	2019 £ 4,141 4,141 (1,142) (1,142) 2,999 66,846 69,845

The notes form part of these financial statements

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BRITISH FRIENDS OF SHALVA

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2020

1.	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING
	ACTIVITIES
		2020	2019
		£	£
	Net (expenditure)/income for the reporting period (as per the
	Statement of Financial Activities)	(260)	21,502
	Adjustments for:
	Depreciation charges	691	286
	Decrease/(increase) in debtors	672	(15,497)
	Decrease in creditors	(104)	(2,150)
	Net cash provided by operations	999	4,141

1. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.20 Cash flow At £ £ Net cash Cash at bank 69,845 (624) 69,845 (624) Total 69,845 **(624) **	31.12.20 £ 69,221 69,221 69,221

continued...

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BRITISH FRIENDS OF SHALVA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instrument

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 transaction price, 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.

continued...

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BRITISH FRIENDS OF SHALVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

2. DONATIONS AND LEGACIES Donations Gift aid 3. RAISING FUNDS Raising donations and legacies Event management 4. CHARITABLE ACTIVITIES COSTS Grants to Shalva Centre Charitable activities 5. GRANTS PAYABLE Grants to Shalva Centre 6. SUPPORT COSTS Management £ Charitable activities 238,440	Grant funding of activities (see note 5) £ 299,999 - 299,999 Finance £ 3,089	2020 £ 566,658 26,568 593,226 2020 £ 49,839 Support costs (see note 6) £ - 243,648 243,648 2020 £ 299,999 Governance costs £ 2,119	2019 £ 615,342 30,176 645,518 2019 £ 180,155 Totals £ 299,999 243,648 543,647 2019 £ 202,499 Totals £ 243,648

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

continued...

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BRITISH FRIENDS OF SHALVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

8. STAFF COSTS Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Employees No employees received emoluments in excess of £60,000. 9. TANGIBLE FIXED ASSETS COST At 1 January 2020 Additions At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Gift Aid repayments

2020 2019 £ £ 30,591 - 750 - 31,341 - 2020 2019 2 - Computer equipment £ 1,142 1,622 2,764 286 690 976 1,788 856 2020 2019 £ £ 26,568 27,240

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BRITISH FRIENDS OF SHALVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Taxation and social security Other creditors	2020 £ (104) 1,500 1,396	2019 £ - 1,500 1,500

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2020.

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