2020-12-31-accounts

Charity number: 1108649

TIKVA

Unaudited

Trustees' report and financial statements

For the Year Ended 31 December 2020

TIKVA

Contents

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 5
Independent examiner's report	6 - 7
Statement of financial activities	8
Balance sheet	9
Notes to the financial statements	10 - 18

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Reference and administrative details of the Charity, its Trustees and advisers For the Year Ended 31 December 2020

Trustees	Mrs Sarah Hanstater, Chair
	Mrs Toby Perelman, Treasurer
	Mrs Melanie Danan, Secretary
	Mrs Rachel Josebashvili, Trustee
	Mrs Katleen Tesler, Trustee
Charity registered number 1108649 Principal office 39b Linthorpe Road London N16 5QT Independent Examiner Accshire Accountancy LLP Rear Entrance 123 Clapton Common London E5 9AB Bankers Natwest 196 Stoke Newington High St London N16 7GA HSBC 150 Stoke Newington High St London N16 7JP

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Trustees' report For the Year Ended 31 December 2020

The Trustees present their annual report together with the financial statements of the Charity for the year 1 January 2020 to 31 December 2020.

Objectives and activities

a. Policies and objectives

The charity's aims are to provide social, leisure and developmental benefits to young people and adults with learning disabilities and support and respite for their families.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

The Charity provides high quality activities for the parent-carers as well as activities for their adult children with disabilities during school holidays and weekends throughout the year. Projects run during 2020 are described below. Tikva is an ongoing lifeline to both the ageing parent-carers and to their adult children with disabilities.

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Trustees' report (continued) For the Year Ended 31 December 2020

Achievements and performance

a. Main achievements of the Charity during the year

This year proved to be extremely challenging for Tikva’s users. COVID-19 meant that the day centres which our users usually attend were closed for much of the time, and both parent-carers and their disabled children spent many hours cooped up together at home with all the resulting extraordinary stress and pressures. However, Tikva rose to the challenge and continued to reach out and support both user groups within the limits of government guidelines.

During the year, the activities, performance and achievements of the Charity were as follows -

Activities for parent-carers of adult children with disabilities:

• Fortnightly counselling / support group, facilitated by an experienced accredited counsellor. When necessary, the support groups were held remotely.

• Stress management workshops / Listening Ear. The parent-carers had the option to speak by phone to a professional counsellor on a one to one basis if they so desired.

• Art therapy has continued over the year whenever possible, in small groups. The feedback continues to be very positive and enthusiastic.

• Social events and trips, including an overnight stay in Bournemouth (aimed at relieving the pressures and combating the social isolation that comes with caring for their adult children with disabilities) were put on hold until the situation allows for these to take place.

• 'Tikva Newsletter' produced twice a year, a valuable source of information and interaction between users.

• Aquarobics had to be held in abeyance until swimming pools reopen. Aerobic classes were held remotely.

• The very popular cycling classes where parent-carers learn this skill at their own pace, have now resumed strictly in accordance with government guidelines i.e. no more than 15 users at a time, with the bicycles being sanitized before switching users.

Activities for adults with disabilities:

• The much anticipated and very successful yearly respite away from home.

• The Weekly Weekend clubs. When it was not possible to run these as a group, the support workers took out the disabled adults individually for fresh air and exercise, thus providing them with a desperately needed change of scenery. At the same time, their families benefitted from a welcome breather!

• Day trips during school holidays took place when permitted in small capsules of six, in line with the government guidelines prevailing at that time.

The Trustees decided to donate £10,000 to S.H.I.N.E London a charity with similar objectives, in order to enable them to run a programme of activities for disabled adults.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.

b. Reserves policy

The trustees aim to build up free reserves to a level of at least 3 months running costs. This is to act as a cushion to protect services in the event of a time limited grant ending before having secured funding from a new source.

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Trustees' report (continued) For the Year Ended 31 December 2020

c. Financial Review

The Trustees are pleased with the amount of funds raised for charitable purposes during the year, which was in excess of £150,000. A significant part of the Charity's income is from grants from Trusts and Foundations. The trustees would like to thank all grant makers and generous donors who enabled their important work to take place, including The London Borough of Hackney, Interlink Foundation, Edward Gostling, Arbiblucas, Respite Association, Groundwork London, Varrier Jones, Dollond Charitable Trust and The Carmela and Ronnie Pignatelli Foundation.

To all of our donors, both private individuals and charitable trusts, thank you for your financial contribution and for your encouragement which gives us the impetus to continue with our vital work.

Structure, governance and management

a. Constitution

Tikva is a registered charity, number 1108649, and is constituted under a Trust deed.

b. Methods of appointment or election of Trustees

The constitution requires that the number of trustees shall not be less than three or more than nine. The power to appoint new trustees is vested in the existing trustees. New trustees are recruited on the basis of their competence, specialist skills, and those who are able to promote the objectives of the Charity. New trustees are appointed by a resolution of the Trustees, which is recorded in the minutes and signed by one trustee. New trustees are inducted into the workings of the Charity by the current Trustees.

c. Organisational structure

The Trustees are responsible for governance of the organisation, and the Chair and Treasurer are active in all operational aspects of strategic management. Day to day management of activities and projects are the responsibility of the Project Coordinator with the support of the Trustees.

Plans for future periods

The needs of our client group are steadily increasing. As the adults with disabilities are growing older, their care is becoming more challenging, both physically and emotionally. At the same time, the ageing and struggling parent-carers are facing their own escalating health issues, many of which are the result of a lifetime of daily unremitting and grueling physical and emotional exertion. Tikva has also seen its client group expand to include new users. In addition, we are now providing services to younger clients who have now reached adulthood and require our support, and this age group promises to continue to grow.

Tikva plans to maintain and consolidate its vital supporting role by continuing to provide the above services and to expand its activities to be appropriate for the different age groups of the users, and to include all those who need them. Tikva has built strong relationships with its statutory and other funders, and is constantly looking for new funding opportunities to enable the organisation to grow and flourish.

Tikva has seen the number of its users increase significantly during the year and anticipates that this upward trend will continue.

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Trustees' report (continued) For the Year Ended 31 December 2020

Statement of Trustees' responsibilities

The Trustees 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).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity 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 judgements 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 Charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity 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 15 June 2021 and signed on their behalf by:

Mrs Toby Perelman

(Chair of Trustees)

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Independent examiner's report For the Year Ended 31 December 2020

Independent examiner's report to the Trustees of Tikva ('the Charity')

I report to the charity Trustees on my examination of the accounts of 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 accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

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Independent examiner's report (continued) For the Year Ended 31 December 2020

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 15 June 2021 F Lazega FCCA Accshire Accountancy LLP Rear Entrance 123 Clapton Common London E5 9AB

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Statement of financial activities For the Year Ended 31 December 2020

Note Income from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Raising funds 5 Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Restricted funds 2020 £ 71,627 - 71,627 - 67,427 67,427 4,200 712 4,200 4,912	Unrestricted funds 2020 £ 57,792 21,829 79,621 6,123 60,096 66,219 13,402 46,182 13,402 59,584	Total funds 2020 £ 129,419 21,829 151,248 6,123 127,523 133,646 17,602 46,894 17,602 64,496	Total funds 2019 £ 89,835 16,825 106,660 389 108,785 109,174 (2,514) 49,408 (2,514) 46,894

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 18 form part of these financial statements.

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Balance sheet As at 31 December 2020

Note Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds Unrestricted funds Total funds	84 63,618 63,702 (11,206)	2020 £ 12,000 12,000 52,496 64,496 64,496 64,496 4,912 59,584 64,496	9,168 45,757 54,925 (8,031)	2019 £ -
				- 46,894
				46,894
				46,894
				46,894
				712 46,182
				46,894

The financial statements were approved and authorised for issue by the Trustees on 15 June 2021 and signed on their behalf by:

Mrs Toby Perelman

The notes on pages 10 to 18 form part of these financial statements.

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Notes to the financial statements For the Year Ended 31 December 2020

1. General information

Tikva is a registered charity, number 1108649, and is constituted under a Trust deed. Legal and administrative information are shown on page 3 of these accounts.

2. Accounting policies

2.1 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 Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Tikva 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.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.3 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.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

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Notes to the financial statements For the Year Ended 31 December 2020

2. Accounting policies (continued)

2.3 Expenditure (continued)

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.

2.4 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles

• 25%

2.5 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 Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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Notes to the financial statements For the Year Ended 31 December 2020

3. Income from donations and legacies

Grants Interlink Foundation Groundwork London L B Hackney Varrier Jones Foundation Dollond Charitable Trust Subtotal grants Donations Other grants Subtotal Donations Grants 4. Income from charitable activities User contributions	Restricted funds 2020 £ 23,050 5,000 25,363 - - 53,413 - 18,214 18,214 71,627 Restricted funds 2019 £ - 68,850 68,850	Unrestricted funds 2020 £ - - - 7,000 5,000 12,000 40,892 4,900 45,792 57,792 Unrestricted funds 2019 £ 12,231 8,754 20,985 Unrestricted funds 2020 £ 21,829	Total funds 2020 £ 23,050 5,000 25,363 7,000 5,000
			65,413
			40,892 23,114
			64,006
			129,419
			Total funds 2019 £ 12,231 77,604
			89,835
			Total funds 2020 £ 21,829

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Notes to the financial statements For the Year Ended 31 December 2020

4. Income from charitable activities (continued)

	Unrestricted	Total
	funds	funds
	2019	2019
	£	£
User contributions	16,825	16,825

5. Expenditure on raising funds

Costs of raising voluntary income

	Unrestricted	Total
	funds	funds
	2020	2020
	£	£
Costs of raising funds	6,123	6,123

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Notes to the financial statements For the Year Ended 31 December 2020

5. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

	Unrestricted	Total
	funds	funds
	2019	2019
	£	£
Costs of raising funds	389	389

6. Analysis of grants

Grants Grants	Grants to Institutions 2020 £ 10,604	Grants to Individuals 2020 £ 250 Grants to Individuals 2019 £ 500	Total funds 2020 £ 10,854
			Total funds 2019 £ 500

7. Analysis of expenditure on charitable activities

Summary by fund type

	Restricted	Unrestricted	Total
	funds	funds	funds
	2020	2020	2020
	£	£	£
Charitable expenditure	67,427	60,096	127,523

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Notes to the financial statements For the Year Ended 31 December 2020

8. Analysis of expenditure by activities

Charitable expenditure Charitable expenditure Analysis of direct costs Day Trips Holidays Weekend Clubs Social Events Wellbeing Groups Gifts Staff Costs	Activities undertaken directly 2020 £ 72,908 Activities undertaken directly 2019 £ 71,725	Grant funding of activities 2020 £ 10,854 Grant funding of activities 2019 £ 500	Support costs 2020 £ 43,761 Support costs 2019 £ 36,560 Activities 2020 £ 19,830 15,816 20,097 1,157 8,654 484 6,870 72,908	Total funds 2020 £ 127,523
				Total funds 2019 £ 108,785
				Total funds 2020 £ 19,830 15,816 20,097 1,157 8,654 484 6,870
				72,908

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Notes to the financial statements For the Year Ended 31 December 2020

8. Analysis of expenditure by activities (continued)

Analysis of support costs

9.

Depreciation Office Supplies Staff Costs Computer Expenses Rent Professional Fees Insurance Telephone Governance costs Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts Fees payable to the Charity's independent examiner in respect of: All other services not included above	Activities 2020 £ 4,000 1,354 21,220 5,334 6,500 3,629 267 557 900 43,761 2020 £ 360 540	Total funds 2020 £ 4,000 1,354 21,220 5,334 6,500 3,629 267 557 900
		43,761
		2019 £ 360 540

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2019 - £NIL) .

During the year ended 31 December 2020, no Trustee expenses have been incurred (2019 - £NIL) .

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Notes to the financial statements For the Year Ended 31 December 2020

11. Tangible fixed assets

Cost or valuation Additions At 31 December 2020 Depreciation Charge for the year At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 12. Debtors Due within one year Other debtors 13. Creditors: Amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income	2020 £ 84		Motor vehicles £ 16,000 16,000 4,000 4,000 12,000 - 2019 £ 9,168
	84		9,168
	2020 £ 459 8,962 1,785		2019 £ 1,061 5,870 1,100
	11,206		8,031

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Notes to the financial statements For the Year Ended 31 December 2020

14. Summary of funds

Summary of funds - current year

General funds Restricted funds	Balance at 1 January 2020 £ 46,182 712 46,894	Income £ 79,621 71,627 151,248	Expenditure £ (66,219) (67,427) (133,646)	Balance at 31 December 2020 £ 59,584 4,912
				64,496

15. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2020.

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