Charity Registration No. 1118370
FRIENDS OF YESHIVAT SHAVEI HEVRON
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
FRIENDS OF YESHIVAT SHAVEI HEVRON
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr A J Bloom Mr M Meyer Mr D D Morris Mr I D Weiss Charity number 1118370 Principal address 25 Shirehall Gardens London NW4 2QT Independent examiner RDP Newmans LLP Lynwood House 373-375 Station Road Harrow Middlesex HA1 2AW
FRIENDS OF YESHIVAT SHAVEI HEVRON
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of Trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 9 |
FRIENDS OF YESHIVAT SHAVEI HEVRON
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees present their report and financial statements for the year ended 31 December 2020.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Trust deed, the Charities Act 2011 and "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
The charity's objects are to further such charitable purposes for the benefit of Jewish people as the trustees see fit in particular by supporting the educational and charitable work of Yeshivat Shavei Hevron in Israel. There have been no changes in the objectives of the charity during the year.
In this context the Trustees have complied with their duty in section 17 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission in relation to the activities being for the public benefit , as well as , the Equalities Act 2010 when reviewing the Charity's aims and objectives and in planning future activities .
Achievements and performance
The results for the year are set out in the Statement of Financial Activities on page 5.
The Charity continued to raise awareness of the Yeshivat Shavei Hevron institution and to raise funds. There has been a n in crease during the year in funds raised, by 29.4 % over the prior year. W e do feel a great sense of achievement in relation to the funds we have raised in the period, and hope to build on this figure in the forthcoming year.
Financial review
The trustees consider the performance of the charity during the year to be satisfactory. During the year the charity received donations of £41,169 (2019: £ 31,823) and made grants total l ing £41,000 (2019: £39,352). All grants were made to Yeshivat Shavei Hevron in Israel.
It is the policy of the charity to remit all funds received less any direct governance costs directly to Yeshivat Shavai Hevron in Israel.
In the year under review unrestricted fund balance increased to £86 (20 1 9: £24). The trustee s, in line with the charity policy, will remit the funds less any direct governance costs directly. Generally, a s the charity does not have any indirect governance costs, it does not hold any funds for an extended period of time.
The Trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity was established by a charitable trust deed on 30 January 2007 and is a n unincorporated registered charity under number 1118370. The principal address of the charity is 25 Shirehall Gardens, London, NW4 2QT.
The Trustees who served during the year and up to the date of signature of the financial statements were: Mr A J Bloom Mr M Meyer Mr D D Morris Mr I D Weiss
- 1 -
FRIENDS OF YESHIVAT SHAVEI HEVRON
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. The trustees will take into account any recommendations made by the chairman for the time being of Yeshivat Shavei Hevron Board of Governors (Amuta) in Israel. Any new trustees are, upon appointment, fully briefed and trained by the existing committee and made aware of their responsibilities and duties.
The board of trustees is the governing body which administers the charity. All major decisions are made by the board which meets regularly to discuss and formulate policy and to decide on strategy. A scheme of delegation is in place and day to day responsibility for the affairs of the Charity rests with the Trustees equally.
The trustees are elected at the annual general meeting in line with the charity's policy.
None of the Trustees has any beneficial interest in the c harity .
Coronavirus pandemic
Since 31 December 2019, the consequences of the Coronavirus outbreak have materially and adversely affected businesses and charities worldwide. On 23 March 2020, the UK Government announced a nationwide lockdown which was gradually lifted in June 2020 only to be followed by a second and third lockdown on 5 November 2020 and 5 January 2021 respectively, which has since been lifted. This resulted in the charity's activities to be curtailed. It is anticipated that in the long term, the charity's activities will revert to pre-pandemic levels in due course.
The Trustees' r eport was approved by the Board of Trustees.
..............................
Mr A J Bloom
Trustee Dated: .........................
- 2 -
FRIENDS OF YESHIVAT SHAVEI HEVRON
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these accounts, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts 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.
- 3 -
FRIENDS OF YESHIVAT SHAVEI HEVRON
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FRIENDS OF YESHIVAT SHAVEI HEVRON
I report to the Trustees on my examination of the financial statements of Friends of Yeshivat Shavei Hevron (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).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the applicable Directions given by the Charity Commission ( under section 145(5)(b) of the Act ) , and
-
to state whether particular matters have come to my attention
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives 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 financial statements do not accord with those records; or
-
3 the financial statements 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 financial statements to be reached.
David Finn FCA RDP Newmans LLP
Lynwood House 373-375 Station Road Harrow Middlesex HA1 2AW
Dated: .........................
- 4 -
FRIENDS OF YESHIVAT SHAVEI HEVRON
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2019 | ||
| Notes | £ |
£ | |
| Income from: | |||
| Donations and legacies | 3 | 41,169 | 31,823 |
| Expenditure on: | |||
| Charitable activities | 41,000 | 39,352 | |
| Other | 7 | 107 | 1,011 |
| Total resources expended | 41,107 | 40,363 | |
| Net income/(expenditure) for the year/ | |||
| Net movement in funds | 62 | (8,540) | |
| Fund balances at 1 January 2020 | 24 | 8,564 | |
| Fund balances at 31 December 2020 | 86 | 24 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 5 -
FRIENDS OF YESHIVAT SHAVEI HEVRON
BALANCE SHEET
AS AT 31 DECEMBER 2020
| Notes Current assets Cash at bank and in hand Net current assets Income funds Unrestricted funds The financial statements were approved by the Trustees on ... .............................. Mr A J Bloom Trustee |
2020 £ 86 ...................... |
£ 86 86 86 |
2019 £ 24 |
£ 24 24 24 |
|---|---|---|---|---|
- 6 -
FRIENDS OF YESHIVAT SHAVEI HEVRON
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
Charity information
Friends of Yeshivat Shavei Hevron is an unincorporated charity in England and Wales. The principal address is 25 Shirehall Gardens, London, NW4 2QT.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Trust deed. the Charities Act 2011 and "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 charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The accounts have been prepared in accordance with the charity's trust deed and the Charities Act 2011 using the receipts and payments basis.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity receives it.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised when it is received.
1.5 Expenditure
All expenditure is accounted for on a receipt and payment basis and has been classified under headings that aggregate all costs related to the category. Value added tax is not recoverable by the charity, and as such is included in the relevant costs. Where costs ca n not be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
1.7 Funds
The charity's unrestricted funds are available for general use by the charity.
- 7 -
FRIENDS OF YESHIVAT SHAVEI HEVRON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
(Continued)
1.8 Non-cash donations
A substantial contribution to the activities of the charity is supplied in the form of voluntary services and donated facilities. The financial benefit of these non-cash donations have not been recognised in these accounts as by their nature it would be impractical to quantify in monetary terms.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
In the view of the Trustees, there are no significant accounting estimates and judgements applied.
3 Donations and legacies
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Donations and gifts | 41,169 | 31,823 | |
| 4 | Grants payable | ||
| Grants | Grants |
||
| payable | payable |
||
| 2020 | 2019 |
||
| £ | £ |
||
| Grants to institutions: | |||
| Other | 41,000 | 39,352 |
5 Trustees
None of the Trustees (or any persons connected with them) received any remuneration during the year nor were any expenses reimbursed to them.
- 8 -
FRIENDS OF YESHIVAT SHAVEI HEVRON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
6 Employees
The average monthly number of employees during the year was:
| 2020 | 2019 | ||
|---|---|---|---|
| Number | Number | ||
| Total | - | - | |
| 7 | Other | ||
| Unrestricted | Total | ||
| funds | |||
| 2020 | 2019 | ||
| £ | |||
| Travelling expenses | - | 785 | |
| Bank charges | 107 | 226 | |
| 107 | 1,011 |
8 Related party transactions
There were no disclosable related party transactions during the year (2019 - none).
- 9 -
Virtual Cabinet Portal Digital Signatures
Digital Signature Verification
You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page:
https://www.virtualcabinetportal.com/VerifySignedDocument
Signature Dates and Times
All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page:
http://www.virtualcabinetportal.com/WhatIsUTC
Signature 1
Signed by Ari Bloom using authentication code dE1laEclclI+cSRC at IP address 167.98.70.34, on 2021/11/07 21:05:36 Z.
Ari Bloom's e-mail address is: ari@solts.co.uk.