REGISTERED CHARITY NUMBER: 1081887
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
| 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 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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 £23,266 (2020: £49,839) 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 £586,688 (2020: £593,226) and total expenditure of £565,436 (2020: £593,486).
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.
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BRITISH FRIENDS OF SHALVA
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 586,688 EXPENDITURE ON Raising funds 3 189,831 Charitable activities 4 Grants to Shalva Centre 320,000 Charitable activities 55,605 Total 565,436 NET INCOME/(EXPENDITURE) 21,252 RECONCILIATION OF FUNDS Total funds brought forward 96,181 TOTAL FUNDS CARRIED FORWARD 117,433 |
2020 Total funds £ 593,226 211,277 299,999 82,210 593,486 (260) 96,441 96,181 |
|---|---|
The notes form part of these financial statements
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| 2021 | 2020 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXEDASSETS | |||
| Tangible assets | 9 | 1,097 | 1,788 |
| CURRENTASSETS | |||
| Debtors | 10 | 35,043 | 26,568 |
| Cashat bank | 831093 | 69,221 | |
| 118,136 | 95,789 | ||
| CREDITORS | |||
| Amounts falling due within one year | 11 | (1,800) | (1,396) |
| NET CURRENT ASSETS | 116,336 | 94,393 | |
| TOTAL ASSETSLESSCURRENTLIABILITIES | 117,433 | 96,181 | |
| NETASSETS | 117,433 | 96,181 | |
| FUNDS | |||
| Unrestricted funds | 1171433 | 96,181 | |
| TOTAL FUNDS | 1171433 | 96,181 |
BRITISH FRIENDS OF SHALVA
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2021
| 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 provided by/(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 |
2021 £ 13,872 13,872 - - 13,872 69,221 83,093 |
2020 £ 999 999 (1,622) (1,622) (623) 69,845 69,221 |
|---|---|---|
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 2021
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by operations |
2021 £ 21,252 691 (8,475) 404 13,872 |
2020 £ (260) 691 672 (104) 999 |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.1.21 Cash flow At £ £ Net cash Cash at bank 69,221 13,872 69,221 13,872 Total 69,221 13,872 |
31.12.21 £ 83,093 83,093 83,093 |
|---|---|
The notes form part of these financial statements
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BRITISH FRIENDS OF SHALVA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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.
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
BRITISH FRIENDS OF SHALVA
2. DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES |
||||
|---|---|---|---|---|
| Donations Gift aid 3. RAISING FUNDS Raising donations and legacies Event management Fundraising 4. CHARITABLE ACTIVITIES COSTS Grants to Shalva Centre Charitable activities 5. GRANTS PAYABLE Grants to Shalva Centre 6. SUPPORT COSTS Management £ Charitable activities 52,634 |
Grant funding of activities (see note 5) £ 320,000 - 320,000 Finance £ 1,323 |
2021 £ 551,645 35,043 586,688 2021 £ 23,266 166,565 189,831 Support costs (see note 6) £ - 55,605 55,605 2021 £ 320,000 Governance costs £ 1,648 |
2020 £ 566,658 26,568 593,226 2020 £ 49,839 161,438 211,277 Totals £ 320,000 55,605 375,605 2020 £ 299,999 Totals £ 55,605 |
|
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
continued...
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BRITISH FRIENDS OF SHALVA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 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 2021 and 31 December 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Gift Aid repayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors |
2021 2020 £ £ 18,962 30,591 569 750 19,531 31,341 2021 2020 1 2 Computer equipment £ 2,764 976 691 1,667 1,097 1,788 2021 2020 £ £ 35,043 26,568 2021 2020 £ £ 550 (104) 1,250 1,500 1,800 1,396 |
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BRITISH FRIENDS OF SHALVA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
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