**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
Page 4
##
|||**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
Page 6
**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
Page 7
**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.
continued...
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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|
|---|---|
|||
continued...
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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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