CHARttY REGISTRATION NUMBER: 1130054 Friends of the Holy Land Unaudited Financial Statements 31 March 2021 BSN ASSOCIATES LIMITED Chartered accountants 3B SwallowField Courtyard Wolverhamoon Road Oldbury West Midlands B69 2JG Friends of the Holy Land Flnan¢ial Statements Year ended 31 March 2021 Pages Trustees, annua5 report 1to10 Irmdependent examinerfs reFrf)rt to the trustees 11 Stat8m8nt of finan￿81 activtbes 12 Statement of firrancial posttion 13 Stat8ment of cash flows 14 Notes to the financial ststements 15to23 Friends of the Holy Land Trustees. Annual Report Year ended 31 March 2021 The trustees present ther rep￿ and thè financaal ststsmonts of the ￿rity for the year d8d 31 March 2021. R•f•r•ntg 4r7d adrnlnlstratlw d•taNs R•glst•r￿ ¢harlty nam• Friends ofts Hcty LaTrJ Charlty r•glstratlon n4emb•r 113Ci154 Prfnclpal offlc• Fam)er Ward Rwl W8rwickshire CV8 2DH The tru8te•s J8Jres l)Jinn (Chairm￿) J8mes Kdly Revd car￿￿ David Loroe Rev Canon Mark Madden Sarah Parkhouse Peter Rand Charfes R*J David Ryal Anlhony Sloke5 Patrons His EmIn￿￿ Cardinal Vlncènt Nithds, ￿￿hbiStrKYp of Weslminst The Most Reverènd aFKI Right H(￿K*Jrdbl9 Justin W8L)y. ArcM)islw of Cantertjury The Right Revorend and Right HOnrA1rab￿ Lord Williams of OysterTYKMrth The Most Reverend Patrick Kdly, ￿bIshOp Emenlus of Livwpool The Most Reverend 8emard LorKJley. Archbishop of BFrmingham Th¢ Most Reverend Malcom MclAahon. Archbsshop of Liver￿ The R￿h1 Reverend Ghrislopher Ch8ssun. Bishop ol SouthwaJk The R￿ttl Rev8rend Dcttor Mtha81 LarnJish. reti￿1 Bishcy of Ex•tar. Bank•rs N8fv4est 32 Market P18 Cirencester GL7 2NU Friends of the Holy Land Trusteos. Annual Report (¢¢Y Year ended 31 March 2021 Sollcltors Wfight H8wll LLP (Jympus Avenue L8amington Spo WaTwick$hire CV34 6BF Indep•ndent exaMI￿r Phihpp8 Hawkes BA CA 38 SwalloW￿dd Coutyard Wolvwhampton Road Cldbury West m￿L￿rIdS B69 2JG Friends of the Holy Land Trustees. Annual Report fcwrtbrwoy Year ended 31 March 2021 Strueture. govemane• and managèii* Constltutlon and Gov•rrAng Dtscum•nt This Charrta￿e Trust Was (xeated by and is g)vemed by a De&J of Dedaration of Trust made on 23 March 2009 by P*rick John Horsfiekl. John Milton We*Yon. Anthony Arthur John Mctjowell and Mich8d Franus Whel8n. It was registered wrfh the Charity Ccrfnmtsyon on 9 June 2009 with the f(41owng obl8cti￿s. - tha Mdvancemant of rdwJK)n and advanc*ment of ￿lUCation in eath case in Israel. Palestine. Jordan and Cyprus IttyJeth8r the 'Hoty Larkl'l by vnprowng the qualty of education and trainiro in, and providing finamal supporl to. schoc4s. edUcat￿n21 estatAishments B Th1 Parishes. principally. but not exdusively, run by the Latin Patriarch of Jerusalem. for m￿L￿$ of Ihe Ghr%sb8n (wmunity in th8 Holy Land., and - thg preventK)n of rnlef ol ￿)verty siCk￿s$ In the Hc4y Land by financial supporL organisation of Solf-help projects, purthas8 ol g(M)Ys and artifacts of kinds fr(￿ member5 of the Christian commutwty for rtrsale by the Charity arml through any olhgr means by which their qualty of lrfe can ba improved. OryanI￿tIOnal Structure y wrtutr of the Kx)weT gNen to them by Clause 7 ofthe TrLtst D•1 the Trustees have 8PFointed Peter Rand as ExeeutNe Trust8e with the wwefs and ￿$[￿Sibil￿1eS Set out in the Regulalions of the Twstees dated 22 November 2013 and apwnled the fc4lowirKJ pts[s￿$ 85 members of the M8nagement Commsttee". Managem•nt Commltt•• Brendan k4etCal￿- ExètxJtiv& DirKaor and Chair of the Management Committè¢ James Quinn- Trustee member o1th8 Management Committee Petèr R8ftd- Executwe Trustee and m6mbÉr of lh$ ManagerDent Committee Anthony Stokes- Trustee aThJ D*ectsw of Finance Jen Hill- Office Managor Mike BoyJe- T￿￿t$ and FouThlabons Man¥Jer Susan State- Minute taker Carding Ward- Mitwte taker With thè 8ppfowdl of the Tnjstees the man3￿m9rrt Crynmth have appolntgd 8 Committee in BethlehÈm to provide dl the necessary Ictal Informati￿ and SU￿ort to the needs of Ihe Chartty in the area ot its work. Holy Land commFtt•è Rev. Dr. J•mal Khad•f. Ch•lm)an Fr. Jamal Khader is the Direclor of the Latin Patriarchate of Jerusalem Sth(xAs in Palestine and P8rish Priest of Hdy Famfy Parish, Ramallah. Fornierty hè was the Re￿r ol the Latin P8triarchale Seminary and Dean of Arts of Bathlahem UnIv￿$1ty. Dr Khadèr is 8 rrember of the Theokgieal Reflection Cornrnittee of the Latin Patriarchate and of the CommTite8 of DBlogue wilh Jews. Hè formerly taught at Ihe Latin Seminary in Bett j￿9. BetNehem Universtty. the Emmaus Centre in 88lt Sahour. and Mar Elias Cc41ege in Ibillft. He 8130 teaches Peaca Studies 8nd Confiict ResolLt Strategles for thè M8Sterfs in Internat￿al C￿pèrat1￿ and Developmènt IMICADI progr8m. Mrg Lalla Asfoura Managing Direclor Laila Tours and Tpav Husarn Wahhab Carttfied Public Accojntant and Leclur8r. Bath￿h¢M Univeisity Friends of the Holy Land Trustees, Annual Report f¢wth￿d) Year ended 31 March 2021 George Saadeh Principal of the SheF*erds ￿￿k1 Gfeek OrtIKAk)x Sch(x4 in B￿t Sah￿r and form6r Mayor of Bethlehem Blshop Hosam, Naoum Coadjutor Bishop (rf Jéfusalem Dean of St George's Angl￿￿ C8th*dral Jerusalem, He8dmaster ol St Georg8's Scfth, JenJsaem, Secretary to th8 M8èting of the Heads of ChLErch&s in Jerusalem On 13 May 2021. Bishop Hosam Naoum. was Install￿ as Archbtshop in Jeru58bem. Hg was succeeded on Ihe Hdy Land committ8¢ by Fr Fadi Diab, Redor. St Andrews Ep'tS¢OP81 parish in Ram8118h. The purpose of this Committee is to manaJe the pernanent Fri¢nds of the Hdy Land. 'FHL'. office in Bethlehem. to Klentify, r8uJmmend, administer and monitor the objects ofthe charitsble donatlons and lo act on behalf of the Management Cornrnittoe as Ihe active administration of the Charity in the Holy LarKI within Èhe West Bank and Gaza. The Commiilee has been Instru￿Ental in ensuring thè Registration ol th8 Charity wrth the Pa￿stinian Authorty as a branch of an overseas NGO i) Palestine. granting the charity foTrnal authority to (￿dUCt its rIBritab￿ actNities throughout lh¢ West Bank atvj Gaza. Supwt to chrisb.ans in Israel and Jorwever. these existing insl+tutyon$ with their WK18 nèiwc¥ks of parishes and groups provMJ8 8n asw)tial filter for the Charily to identy'fy indivKluals 8n(l tsmilies in need. Friends of the Holy Land Trustees. Annual Report Year onded 31 Ma￿h 2021 Whilst th8re is a dose rdatthship vrith Ihè E￿xP01 Churth. tho Latin Chufth and tho Greek Orthodox Churth through th8 indiv*Yu81 members gf Hdy L8nd Committee and Ihe hdp that the charity 1$ at4e to gN•. the intention of the TNstees rernains to build doser links wilh all of the Christian commUn￿e$ in the HOFY Land. In England, Ylales. 8￿tland and Contlnental Europe There has been conts"nuing prr*Jress during the ye8r invofviThJ thè variws Dloceses of tx)th the Anglican ar¥1 Roman Calhdlc ChUrd￿. The Manag￿1 Committee ha5 pursued it5 plan to twild a network of Regional coordinat￿S. Ambass&Jors and DiocEsan Coordinators to link wlh Ihe EXe￿rtIV& Director arKI Head offi￿ in Kenilw(xtt7. The Bislvjps of E￿and, Wa18s. Scouand and o)nbnental Europe havè appowrted a total of 44 Dthesan C(xYdinators wh(tse ap￿Intrnents the solid m88ns of Organizat￿*n for our expa￿1ng work over herè. We have begun to bulkj ￿latIonS 8fKI SUPFKyi for our miswffi wrth other dénominatic￿￿ in this ge¢)3raphy. We continue to beneff( frorn the help of eath of our Patrons in this rewd aThJ 811 ha￿ o)ntinued to b8 active on ow behalf thrOug1K￿ the year. Friends of the Holy Land Trustees. Annual Report(¢th* Year ended 31 March 2021 Objectlyès and acllvttles The prime obj'ective of FHL is to support the Christlan pecyle of all denomlnallons In th8 araa of Palestine, Isra81 and Jordan. kfthyn as th8 Hoty L￿. This is 8chiov6d by raising 8W8ren8ss of th& challenges they experience. enc￿￿raging prayets to be off¢rwJ on b9half. ggngr8ting and channelling financial resources to pro￿de a sustainabl• lutum and ant￿ragIr¥j ￿$tIS and pilgrimag9S to thg Hdy L8fKI to mget kxal Christya The Charity is now over ten years (4d. It has been ablè to rèsp)nd to thè chdlènging conditions that have existing during the year uThJer review by a¢Jopts"ng a n&w strategy of launchlng appèals th818re Jmmunicated direclly tt> both its loyal 5UPPOrters and new prospectNe support6rs. Thes& appeals hava béèn focussed on Ihe PenteTr)st Christmas seasons with an appeal focussèd on th8 increased needs in the Hoty Land Arising due ty Covid. The ￿5￿lts SFeak for themselves with both income and grants in the H(￿Y Land in(xeasirg by 58% to reoyd levels for the charty. Thesa increased grants have been krgdy fo(XJss￿ on Ihe r8li8wng of unem￿0Y￿enI condibons n the Hc4y Land gènerally through inue8sing our tradilw)nal work in lamity support, m*li(xl 8mergency 5UPPOrt and school fees in the Bethkhem area. a5 well 8S 8(kliry mrxe SUPFXM in the wider West Bank, Gaza. Jordan and Israel 11 ￿MaIr￿ dear Ihat the wc¥k on the gr(A￿d in the Hdy Land arKI the pTesgJres on the region Impo$8d by the Pandern￿ on top of drfficult PK)litii%l %tU8tion, I￿￿y&ng armed cx)nflict, mean that there 18 abundant né8d to be rnet. The Management Committ89 intends to as much of this need as possible by focusing of it5 efforts in 2021122 on r8suming the tr8dibonal areas of the Charivs in(x)me as matters retum to ncml in the UK whilst maintaining Ihe benèfits that have r98ulted from naw approach of dTrrect appeal so SLKcessfully c￿nMenCed in the wrient year. lrnpact of COVID 19 The impact of Covid in the Hdy Land has been devaststir¥J. In Israef at least there h8s b￿n some support for the uneMFlo￿￿enI f2used by the of travel and the kxl(thy•4n. H￿*￿ver, th￿ has been no such support in The West Bank. Gaza and Jc*dan. As a r85uIt, approaching 80% of the FX)pulation in the main tourisi centres such 88 Belhlehem have been without income $in¢e March 2020. Alihough thè vaccinaliw Fryramme has progressed across the region, due to ris8 of new variants, tourism and busir*ss is yet to retum. Olsr office in Bethl6ham and tsur partner5 in the Hc4y Land arè sÈeing unwecedented levals of rwjuests for help. We are d￿ng our bost lo respond and C4Joperating with other agencies where we can. In the UK the Chari￿s tra¢Jiti"onal fundr8isiry sources from parish group ￿ents and parish and ¢Jiocasan 8ppeals mostty dried up as 811 public worship was r85tricted. ApplKations to fru3ts and Fovndations were f8wI drffKult condjtsons 85 these entities were inundatèd new applicattons. Howa¥er. a thary in strategy to focus on fflore regular and high8r volume communitstions dir8tt to e￿$tIng supFw)rtets and reaching out to new supporters using 8Jl media has baen very Su{￿Sful. In adi*tion to in(xeasir*J inc•me. rt has grown the supporter bas&. Communlty Support Support foi C11ri5tians is either through pmjeds that support thè ¢x)mmunty or most frequenuy direct to individual namtsd families. (See Famity SUP[￿ bthvl. Propcts in Ihe u)mmunrty during tr)e last 12 rnonths induded.. - Sl. Luke's Hospital Nablus. This is under Ihe manag8Tnenl of the Anglican DMKese in Jerusalem. FHL IuFMJ&Y part of the '8xèmptKJn fund. for Christian pali8nls who cxwld not afford the costs of m6dieAtitins, operations c* a hospital bed. - St. Vincent's Orphanage in Bethlehem bÈn8fited from FHL grants. - Iraqi RehJ9ees in Jordan. These rèf￿88$ are rKJ¢ granted work permits so cannot prowdè for t￿MSe￿9$. During the year grants were m•Je to a Latin 8nd Anglican parish In Amman to supp)rt a local programff* to provKk essen16al madic8tion and essenb.al fumtbJr&, trjod. supplies and training to Iraqi refugeos. The also si1pwÈ￿I a Sm￿1 p)b ueation proj8d r818ting to an ic&cream shop. Frlends of the Holy Land Trustees. Annual Report{￿ Year end￿ 31 March 2021 Famlly Support - Education. The payryn8nt (Y part-pa￿)￿l of school fees is a core FHL ac*rvity, enabllng tamilies to send children to 23 dtffferent fai￿ schooEs Thi varTrws towns 8nd villages, principalty rn Ihe Wesl Bank but also in Nazareth arKI Jerusalem. Due to UneM￿o￿nI. families ha￿ found it esp9Ci8lly drffiutit to meet thèse fees. therefore FHL has inrTras&d gr8nts ￿ this 8rea by 35%. In addition. FHL Supp￿ students at 8 universibes in Ihe West Bank and ¢(*￿￿nu￿ a Fryrarnme, contribtJUrKJ 50% of of the grants for 24 sbjdents at untverwties in Gaza. Medlcal. Suppcwt has W giv*n durirKJ lh8 ypar kn a5si* wilh fuThJing of urgent m8dlc41 prO￿dureS afKI the prowsion ol M￿1(atiOns. Duo to un8mtAoyment the charty h83 added 8 programme to SUFPOrt sorre of those wilh chronic IMness6s with the 8xpenses of thw'r regular mèdications. In addition. the Project whth commen￿￿ in 2016 to ftjnd Christian patients at t Ramallah Medical Centre for Diabetes and CaTdi)vascular Diseases under the management of th8 Anglican Di￿se in Jerusalem ￿ntinueS. thanks to a grant from thè 2016 Lent Appeal in the Dwes& of Nffivich. Funds were 8150 wovidad to Ihe Al Ahli Arab Fwiital in Ga￿. nsn by the Angl1￿￿ DK)￿se in Jerusa18m. - Regular SUPkkXt. Th9 rrTht n• faM￿￿S in the Christian communty are #1entifvJ by the FHL Hdy Land Comnyttee or lora Clergy and their ar￿m$lan￿S venfied. FHL then prowde iegular help with 500 shekels {ÈPK¥OK £113) per month to th6s8 families l) which can make a signifi(ant drfterenc6 to th8ir quality of life. Cases a￿ re-assessed every 12 mnths. Due to the pandem￿ conditions th number of cases helped has inueaS￿l by 16 to 1W f¢x year. - Hwsing repairs. These conttnue on an ad hoc basis xcOrdi￿ ￿ casas trKought to the attention of th¥ H￿Y Land Cornmittee. Work indude decor8tirg. dampprwffing. gbctrical 8n¢J plumbrng repairs to more sljntfirant improvements such as in*lliro a r￿¥ kitchen. bathroom and water tsnks. . Unfortunatety. due to the pressures for ￿￿erger￿Y suppor( this propd has tsken a back s&at in the last year. Soclal Carè torth• Elderfy- SL Martha's Hous• This is undertaken through support to the runni￿ c08ts of SL Martha's House. the first Day Cafe Centre for elderty ladies In the Bethlehem area. The ￿use is open 4 days a week 8fKI prov4de$ comfort and wpport as well as practical fac￿￿s, suth as lunches, hawdressing and pedioJr9. tsyice week to 30 Christian ladies. moslly Wid￿￿8 wrfh no family member to help them. FHL is the solo fund8r of this project and has been ab￿ to (xjntsnue to SUPF*J# the ¢¥erat￿n of St M8rtha's House and its community of dderfy w(¥nen thrwgh the trias ofth¢ parth Chlldren wlth Speclal Nteds- School of Joy The School of Joy. 8 sch￿1 tr childr8n with s￿lar Needs in 88it S8how. is now sO￿Y 3upport•d by fijnds from FHL. In th8 pandemi¢ ther* have been no ￿&torS to m8ke d￿81￿)n$ and the other ¢harkn$s that KY&wiously h8lped have been un8Ne to find Ihe funds to o)ntinue with their SUPPQrt. Ovèr thè years, fusmling had enabled the sch(M)I to in¢Jease from 3) chrfdren and 3 dasses in 2011 10 68 children in 6 classes in 2020. However. in Ihe pandemic children from Hebron were un8ble to regul8rty attend the school so numbers redu(￿ to an averag8 of 60 over the last ypar. FHL has ￿31)red the school ran rama￿ despits th8 morn drffioJh ¢)Ferthg aTrJ h88lih condilions cau$8d by the paThJ•mic. Dgvelopment In th• UK sin￿ taking over rèsponsibilty for th& day lo dèy njming of the Charrty in February 2019. Brendan Metcalfe has sought to rgvitsli28 ts existing 8UPFWJt8r base arKI reach (Krt to ne* 8upp)rtèrs through fresh, Systemat￿ communicall.ons campavJn. USI￿ atl media chann8t8 available indLtding soci media. Prior to Cowd 19 lo¢kdown. Ihere had been a in(Yea5e In face to face wesentations Frlends of the Holy Land Trustees. Annual Report Year ended 31 March 2021 and meetings ar0￿r￿ thè c￿ntry. sin￿ March 2020 the t8am at FHL have made sgndlcant charrfJes to TespcwTrd to the c*anging fundraising bnvironment in th8 UK as not8d abov8 by 8 nwAf strategy ol launching appgals that ar8 communicated direcuy to both rts loyal stsppcKters and new prospectNe supporters. These appeals have been focussed on the Pentecost aThJ Christmas seasTh)s with an appeal focussed on the increased needs in the Holy Land arising due to Covid. Thi8 has meant engaging wth new rnunii*tion arKI furKlrai%ng lh8 re￿nty U￿1￿0￿ websit8 and other pl8tfiTh$ as well as Ihe Iraditional posted appeals. This stralegy ks being assessed and d￿?10P8d to C￿tInUe to respond to the chaThJing ojndrlions for ftmdTai8ing in the U hlevements and p•rf0m￿n¢O Flnancial Report Inwne was derNed from donal*)ns tharitstAe trusts, lThJNTdual donatiorts. legacies. fundraisin tivities, parishes and diocesgs in England. W*s, Sccdland and Europe Ihrough appeals or through the actiwties of suppcrft giovps indLKling those fom1￿ tn parishtrs. The ac￿untS for the yg8r reveal an in¢xme of £885,808. an increase over the previous year of 58%. The charitabl• grants madè durfjng year to 31st Marth 2021 We￿ £621.348. an increase of 58% year on year. Friends of the Holy Land Trustees. Annual Report Year ended 31 March 2021 Financlal revlew Reserves Pollcy As th& Charity dev*l(¥)s it is the p¢4icy Trustees to hc4d a financial reserve to CLJver 6 months adMinistrat￿rn expenses tLxJether wilh a Ixjntingency to ensure a continuty of operation can be maintained in urcumstances %there rnay b8 leMr￿ar&1Y reduc￿ or lo respond to any funding emergency thal may al￿. Ponslons The Charity contributès to a dsffinèd (X>nlriknJt￿ 8theme and ha8 no legal or o)nstructive obh"gations to pay ftjrthw contributions rf the fund does not have suffioent assets to pay dl am￿0Y•9 benelrts rg18ting lo emFAoyee servKe in the c#Jrrent aThJ prwx Golng Concern Whilst the Trustees are mindfijl Ihat the Chariiy is dependent uwjn Èncx)rne and donations from individuals aThJ Charltable Trust￿FoUndati￿8. they have a reaSona￿e expectstion that thi5 wll Jntinue for the foreseeable futl￿&. Furtherlr￿re, grants 0￿Y made fdjowlng the receipt of donat¥Jns and fr)r theso reaS￿S it (J)ntwiues to &Jopl the 'gomg Cwed, subieca to any materi81 departures disdtssèd and explained in the financial 5tstsments, and prepwtr th8 finarKial sts*ments on a wing cDncem' basis unl853 it is inappropdats to presurne that the Charity will wntinue its OP8rntions. The TTUStees c￿rrn that the atova r8quirem8nts have beon comF4i8d with in the finan￿81 statements. In addioon, Ihè Trustses are responsiU• for and I￿s1der they havè maintained adequate accounting re￿rdS which disdose reasonab¢e accLKacy at any time the financial F*)sthon of the Charity and suff1ti8nt intgmal I￿nIrC1S to ￿￿8rd the assets of the Charity 8nd to prevent and to detect frAud or any other irwul8rib¢s. Friends of the Holy Land Trustees. Annual Report {¢t Year ended 31 March 2021 The trustees, annual roport was apwo¥ed on 30 SeF¢ertw 2021 aThJ signed on behalf of the bo8ffJ Of trust￿ by.. J8n)6s Quinn (Chainnanl stee ID Friends of the Hoty Land Independent Examinerfs Report to the Trustees of Friends of the Hoty Land Year ended 31 March 2021 I report to the twstees on my examination of th8 finavKial ststements crf Fliends of the Holy Land Ilhe d￿rit￿) for thè year ended 31 Marth 2021. Responslbllttles and basls of rnport the trustees of the c*arity ycw are re$￿81t4e thè preparalion ot tho financtal statÈnwits in aco)rdants with the raquirements of the Charihès h£t 2011 {Ihe Acfl. l ￿pOrt in respect of my examination of the charitys finan¢ial stat8ments carri￿ (Njt under section 145 of the 2011 Act and in Car￿ng ovt my examinatw I have folowed a¥ thtr aWicatAe Direcbons given bythe Charity CommissKJn under seraion 14515Xbl oftrE ACL Ind•pend•nt •x•mln•K$ st*¢m•ftt Since the charitYs gross inthme exc*eded £250.000 your examirw must be a memtsr of a t¥)dy Iisled in section 145 of the 2011 A¢L I wfimi that l am qtJaIrf￿ to undertake the examinatton because l arn a rnemt￿r of the Institute of Chartered ACt￿ntants in England 8nd W*es IICAEWI, whith is one of th6 listed bodie5. I have [Y￿pIeted my examination. l thnfirm that no material mattels havè to my att8ntion In eA)nnection wth the examinat￿ giwn9 me cause to believe that in any mat&ri81 res acc(xJntiro reo)r(18 werè not kept in reSF￿ of the tharity as rWJUi￿ by section 130 of the Act; or the ffinanaal Stat￿nts do Thjt axord wlth thos• rKords," or Ihe flnanoal slatoments do comiAy wilh tha 8p￿￿'cat4e requirerw)ts C￿￿ming the lorni and contsnt of accounts set (Mrt in the Charilies lAC￿n[S and Reports) RegLtlations 2008 other th8n any req￿rement that the a(￿￿Jnt$ grya a and fairf vrèw whith is noi matter c£Jnsidered as part ofan independerrt examinab"on. I have no rX)n￿Ms arxl hava com8 acms3 no other m8tters in connection wth the examination to which 8ttention should be drawn in ￿￿K)rt in Order to enable a propgr undgrstandiryj of the a¢counts to be reach8d. PJknalL Philippa Hawkes BA CA Indepèndent Examiner 3B Swallowfiefd CourtyBr(I Wdverhampton Road OldbLJry Wesl Midlands B69 2JG Friends of the Holy Land Statement of Financial Actlvlties Yoar ended 31 March 2021 2021 Unr8strict£d RestrM#ed ffijnds Total lunds Totsl fvnds 2020 Ineom• and •ndowm•rrts DonatK)ns and legaaé$ Other trading actIMt￿S Investrnent income Total Incom• Expendttur• Expenditure on raislng f(tnds'. Costs of other trading a(*vit Expenditure on charita￿8 aCtiV￿treS Total expendltsre 784,152 24,450 76,515 860,667 24,450 691 544.814 15,153 1,055 809.293 76.515 1.022 10.264 180.795 191,059 10.264 802,143 812.407 621,348 621,348 11.495 S61.879 573.374 N•t incomel{oxpenditur•) 618.zm (544.8331 73,401 (12.3521 Tpdnsfèrs batween funds {602.1511 602.151 N•t mo¥em•nt In funds 16.083 57.318 73,401 (12,3521 A*￿ntIl4at1OD of fvnds Tot￿ funds brought foThMI Total fund$ Can1￿ forward 69,095 273,757 347.158 286.109 273.757 220.745 126.413 Thè statèment of financ1￿ adivilies indud8s all gains and kiss85 recth3nIs￿ in the ￿r. All income and expendlture derwe from ccrfrtinUFng actrvK*& The on p•908 15to 23 fomi ofUw• fin•ndal ¥tat•mort 12 Friends of the Holy Land Statement of Financial Posltlon 31 March 2021 2021 2020 Flxed assets Tangible fixed assets 16 3,738 Current ass•ts Stocks Debtors Cash at bank and in hand 17 18 3,724 45.534 297.137 4.370 43.226 282.062 346.395 329.658 Cr•dltors: •mounts falllng duo withln on• y Net Current aS5et8 19 2.975 55.901 343.420 347,158 273,757 Total ass•ts current Ilabllltlès 273,757 Not assgts 347,158 273.757 Fun(ts ofthe ¢harrty Rèstricted funds Unrestricted funds 126,413 220.745 69.095 204,662 Total chtrlty fvnds 347.158 273.757 These finarrial StateM￿lS wèr8 8pproved by the of trust8*8 auth￿ for issue on 30 Sgplernber 2021. 8fKI are s•J behalf ofthe board by. JAM Quinn ICh•irmanl F1r Anthony S TnJsl*s The li￿ on 1510 23 fvmi p*t of th•so finandal st•l•rnont& 13 Friends of the Holy Land Statement of Cash Flows Year ended 31 March 2021 2021 2020 C￿h flows from operntlng actATthhs N81 incornellexpenditurel Adjustm8nts for. Depreciation oftsngI￿e fixed assets Other interest recewable and SFmilar In￿ne Accrusd expanses 73.401 112,3521 1,272 1691) )3 11,0551 21 Changes in." Stocks Trad& ènd other dèbtors Tradé and other credstors Cash gènerated from opwat￿$ Intergst re￿iVed Nel cash trom operating aclmties 11,2861 132.3361 50.242 12,3081 {53,8291 19,394 3,234 691 1.055 20.085 4,289 Cash Ilow¥ from Invè5tlng acllvldes Purchase oftsngible assets N81 cash used in investiThJ al￿¥￿￿$ (5,0101 (5.0101 Ngt Inereas• In ea8h and ¢ash equlvalents Cash and cash equival•nts at beglnning of year Ca•h and cash equl¥al•nts at ènd of 15,075 282.062 4.289 277.773 297,137 282,062 Th• notss on paws 15 to 23t•rnl W ￿th*￿8 flnandal statemont& 14 Friends of the Holy Land Notes to thè Financial Statements Year ended 31 March 2021 Gènèrnl Intonn3¢ion The charity is a publ￿ benefit gnbty and 8 registered tharity in EngLAnd and Wales and is unincorpoTrted. The address d the prinop81 oifKe ss Farmer Ward Road. Kenilworth, Warwlthshl￿. CV8 2DH. St•tsm•nt of eompll*nc• These financvJl stale￿ents have been prepared In complianc8 with FRS 102, Tha Fin8nci&l R8porb'ng &andard appli(able in the UK and the Repu￿1¢ of Ireland,. the Statement of Recommende¢J Practi￿ appIl￿b￿ to chaviiies preparirrfJ their accounts in accordan￿ wlth the Finanryal Reprrting Standard apF4iCaI￿e in the UK and RewblK of Ireland IFRS 1021 (Chariti&s SORP IFRS 10211 and the CIwFiti8s Act 2011. Accountlng pollcles Basis of prwaration The financial stslements have prepared ffi the histfficzl cosl basis. as modified by thg TevaluatKJn of certain financi81 assèts 8nd 11thit￿¥ and investment proFerbes measured at falr value through income aThJ expenditur6. The financAal statements are prepared ￿ sterling. wFMch the ￿nCl￿)nal currency of the entty. The entity u)nstitut88 a public benefft entity as d6fThwd in FRS102. Going concem The Trustees cons¥Jer th8rè Brè no rn8tefial Un(￿Int￿S knut tho Ch8riVs atility to continue 8$ a going concem. Dlselosurn oxgmpllons The enty satisfi•s lh8 uiteria of being a qUaIrf￿ThJ entity and as such, thantage has bogn tsken ol the f￿10￿￿j dlsdosur8 exemptions av•lat4e FRS 1tr2: D￿d0$ureS in respect of fh)ancO81 instrurn￿ts have not be8n presen Exchan￿ rates Tran58dM)ns in foreKJn cwr8ncy have be￿ ojnverted to * the average exchangè rat&$ during the Taxation The Charity 55 &xempt frcrfn taxalion on ts tharitsble aclNtties. 15 Frlends of the Holy Land Notes to the Flnancial Statements Year ended 31 March 2021 A¢counting policles fconVTh￿) Judg•mgnts and key Sour￿ of •8tlm4tlon unc•rtalnty The preparation of the financk41 state￿ntS requires management to make judgements. estimates and assUmptic￿S that affect the amounts reported. Thosè •￿iMateS and judgements are continually reviewed and ale based on eX￿enC￿ other facacws. itwsudlng èxp¢¢tstions of ftrture events that are ￿l￿ved to be reasonatde Ltndèr th8 cir(xJmstances. No &gnifi(xnt estin*s or fvdgwnents have been made by man8g8m9nt when preparfwJ the financial Statemen￿ The Kdicitrs foll￿ed we shu•m bekMT. Fund *c¢ountlng Unrestricted fvnds are a¥￿lable for use at the discreiTh ol thg trustees to fvrther any of the charitys wrposes. Rastricted ftjnds are sutfj'•et•d to resthc11￿S on thair 8Xpend￿jre dedared by the donor or through th8 terrFhS of an appeal. and fall inlo one of sub-da8ses: restric*d inwmè funds or endowm8nt fu￿$. Incomlng resources AJI income is indtsded in the statemellt of financial acts'vtss Wh￿ enlitlement has passed to the charity, Èt is pri)ba￿e that thè benefits a$s￿al8(1 with the transadion will flow to the charty and the amount can be ffj11a￿Y ffleasured. The f￿l￿n9 8peufic pdlciès arè Sp￿￿d to P8rb¢wlar categoriès tsf inix>me.' - Inwme from donations or grants i8 rec￿1$￿ when is evldence of entillement to ts gift, r8¢eipt is WObab￿ and it$ arr￿jnI can b& m&8su￿ reliabty. .1ggacy inc4)me Is reuJgni3ed r￿e[pl is wobable aThJ èntil1erl￿ is establishad. - income from don8ted gcfyjs is m8asurwJ al the fw valu8 9x￿S this is imwact¢(81 measure reliatAy. in which case thè value is derived friNn the CA)St to th8 (&)nor or th& estimated resale value. Donaled faolrties arKI Ser￿$ are recognised in the acct)unts when received rf the value con be reliably measurgd. No am￿Jnts am Er￿udg￿ for the contriiKthn of general volunt88rs. R•sourc•s •xpondod Expenditure is re(x)gnised on an aC(￿al3 basis as a lialMIty is ir￿rr8d. Expenditure Inctud88 any VAT which cannot be fully recovered. and is dassified urKler headings ol the sl8ten7ent of f￿an¢￿1 aclivitre8 to which it rdatQ8.' expendifure on raising funds indudes the (x)sts of 41 furbJraisirvJ &tiv*b"e5. events, noTrcharitable trading actiinla6s, and the sale of dortated ￿#)￿s. - expenditur8 on charilable adivibes indudes o)8ts irKurr•d by a ¢*arity Ni und8rtsking aGttwt￿s that further Èts rknarita￿e aims for the benefft of ils tenefiaarias. induding thosè support costs and a)sts rdaè.ng to the governan￿ of the charity aF￿rtK5n8d to charitabl$ aclivibes. 16 Friends of the Holy Land Notes to the Financial Slatements Year endod 31 Mar¢h 2021 A¢countlng pollc1¢5 (¢ Resources •xpgnded (¥oJth Al costs are alk)cA￿ to expendrture rateg￿￿S reft8cting the use of the resource. Dlrect Costs attributable to a sirrtJle actiwty are alk)cated direcuy to that actimty. Sh8r8d ￿)sts a￿ apportioned bètween the activit[¢8 they ccffilribLrtè to on a r&%onat4è. 1ustif￿t4e aThJ consistent basis. Stocks SlcKks are measur8d at the lowèr of cost aThJ estimatwl sdling pricti o)sts to (nmplete and sell. Co31 indud&s a51 ¢))sts of pwchase. costs of ¢0nvw￿oD and olhÈr costs InC#￿ed in bringirvj the 3tc¢k to its present location and (xmditicffi. D•fined cofttrlbutlon pl￿$ Contnbutions to defined contrtbvtion plans are reCoJni￿l as an eypensa in ts perK#J in whk the related serwI￿ Trs pTowde(l. Prepaid (￿)ntnI)Ut￿7￿s are fscogni￿1 as an a$s¢t to the ext&nt that Ihè prepayment w711 tead to a re(¢Uc1￿n in fulurè pa￿ents or 8 ¢8sh refvnd. Whèn contrilxrtions are r￿t expected to be setued wlKIty wilhin 12 rrKJnths of the end of retx)rUng dale in which the eMi￿oyeeS render the related serv￿, Ihe Ikability is measured on a discounted present value bast& The uFbwThling of dISc￿Unt ts rec￿Jni8ed as an expense Ihe ￿rIOd in it ariss& Donatlon$ and 1•gaclbs Unrgstricted Rgsth(*ed Totsl Funds Funds Funds 2021 Donatlons and legael•s Dtsnats'ons and 18g8ries 784.152 76,515 860.667 ur￿l￿Ct￿j Reslricled Total Funds FuThJs Funds 2020 Donation¥ and l•gacies Donatiorts and legacies 398.267 146.547 544.814 During the year the Trust•ès m* of£12,733 to th8 charity. Other tradlng 4rtlvltl•s Unrestrirted Total Funds Umslri(knd To181 Funds Funds 2021 Funds 2020 c￿merCial ac*wties: Oliv• WYXKI odu¢ts 24. 24.450 15.153 15,153 17 Friends of the Holy Land Notes to the Flnancial SL*ements Yoaf ended 31 March 2021 Investment Ineom• Unrestricted Total Funds Ur￿e8￿cted Total Funds Funds 2021 Funds 2020 Bank interest receiva 691 1.055 1,OSS Costs of oth•r tradhig actl¥ttles Unrestridad Total Funds Unrestrcled Total Funds Funds 2021 Funds 2020 011￿ wooJ FKoducts 10,264 10.264 11,495 11.495 Exp•ndltur• on charltabh aetmuts by fund typ• Unresln"cbJ Rethcl&J Total Fund$ Funds Funds 2021 Grant makiTrJ SupFMKt rxjsts 621.348 621,348 180,795 180,795 180.795 621.348 802.143 Unrg8tric￿ Restridwj Total Funds Furx1s Funds 2020 Grant rnaking Suppc¥t Ix)sts 394.388 394.388 167,491 167,491 167.491 394.388 561,879 Expendltur• on ¢h•Tltable actSvltl•• by athlty typ• Grant fundiThJ Supwrt Total fund¥ >sts 2021 Totsl fijnd 2020 Gr8nt makirvJ 621,348 180.795 81Y2.143 561.879 18 Friends of the Holy Land Notes to the Financial SLtsments l¢ry* Yoar onded 31 Ma￿h 2021 10. Analysls of5UPWt Support costs Can be analysed as f0kn￿.. 2021 2020 Employee (osts Rent and rates Holy LaThl officè Sundry expens8S Ttrlophone Post and statscmery markets.ng Travelling expenses Computer èxpenses D8weciation 104.343 8.118 18.277 4.212 1,638 2,313 33.972 90,269 7,793 17,253 4,542 1,640 1,910 25,380 12.648 6,056 6,650 1.272 180,795 187.491 11. Analys18 of grants Grdrrts ¢8n be anatyseil as ft)Ilows'. 2021 2020 Ccrfnrnunty Sutv)rt Family SLFPFXYt Math9's Housè School of Joy 64.327 431.282 54.276 71,463 30,631 232.537 51,395 79,825 621.348 NJ4.388 12. Net In¢omellexp•ndlturg1 Net incom•lle¥pendrtur614s ststwj after thargi￿lI1￿￿rflThj}.. 2020 De￿￿98t10n of tsngible fixgj assèts 1.272 13. Ind•p•nd8nt examlnatlon l#0¥ 2021 2020 Fees payabb to the indè[￿rfent examin8rfor'. Independent eXamInatK￿ of the finan¢ial stalements 720 19 Friends of the Holy Land Notes to the Flnanclal Statements (rv Year ended 31 March 2021 14. Stsff costs The total staff costs and amployo9 IKneffts for the repNthg perioy *e arAlY￿ as frAkws'. 2021 2020 Wages and saLqr Social se(xJrity cJ)sts Employer contrtbuiion$ to pertsK)n Fkn$ 82.336 6.253 15.754 85.498 2.753 2,018 104,343 ).269 The average number (rfemployees duri￿ the ￿¥r was 3 ftAI Iln* 9]￿V￿ents1202o. 3) The averag& he•J C￿Unt of emplojees during the JEar was 51*)20: 51. No aM￿0Y￿e received ertyjloyee b8neffts of tINyn £60.(￿ duriryJ the spar12020: Nil). 15. Trust¢e Temuneratlon and •xp•ns•s The Trusteès give freely timè eypertise v*ilhc*rt any f(xm of rernunorntion or c4hor Travelling exp8nses to the Fknly 8rnountry to £N￿l2020. £1,2Tn. 16. Tanglblg flx•d asg8ts Equlpment Cost At 1 Awl 2￿20 Additions Disp￿3 At 31 Marth 2021 8,880 5,010 {8,8801 5,010 D•preclation At 1 April 2020 Charge lor the y9ar D1sF￿￿S At 31 March 2021 Carrylng amouFrt At 31 March 2021 8,880 1.272 {8.8801 1,272 3.738 At 31 Marth 2020 17. Stocks 2021 2020 Raw mthr1￿$ ojnsumables 3.724 4.370 Friends of the Holy Land Notes to the Financial SL*ements Year ended 31 March 2021 18. Debtors 2021 2020 Trade debtors Prepayments and acuued tno)me 263 1,528 41,435 42.854 45.534 43.226 19. Cr•dltor¥: amounts f•lllng withln on• yèar 2021 2020 Trade creditors Ac(xuals aThJ d6farred inc(*ng 53.829 2,072 55,901 2,975 2,97S 21. Penslons •nd othw r•tlr•m•nt ben•ffts Defin•d ￿￿trIbUtIOn plans Thg amount recognis8d In irKc¥i)è (x expe￿I￿Ure as an expense in rgL**)n to defined c£￿trIb{rt1on F4ans was £15.754[2￿2O.. £2,018). 21. Analysls ot CharItab￿ fvnds Unrestrlet•d funds 31 March 2Q 21 1 Apnl 2020 Ir￿ffie Experxlilwe Tran3fers General funds 2¢51.662 809,293 1191,0591 1602.1511 220.745 31 Mard) 20 1 Aprl 2019 Ir￿r￿ EXp￿rK￿rture Transfers General funds 244.119 414.475 (178.9861 1274,9461 204,662 21 Friends of the Holy Land Notes to the Flnanclal SLknents Year ended 31 March 2021 21. Analysls l spent by the year end. These lurxls ir￿ude dmabons r8c6N8d to di5tritJJted ovar thè next iwo year3. The transf8rs from unresln.cted fund5 repr85ent expenditure m&t out of g8neral fvnds not covèred by speafic donatior*. 22. Analys18 al nèt 8¥8ets b•tween funds ￿n￿tri￿ed Funds Restrictad Total Fun(ts Funds 2021 Cutrènt assets Creditors less than 1 year N•t assèts 223,r20 12.9751 220,745 126.413 350,133 12,9751 347.158 126.413 UnTeStric￿J Rostrided Total Funds Funds Funds 2020 Currènt assets Cre(litor51e&* Ihan l 218.164 {13,5021 204.662 111,494 142.3991 69.095 329.658 155,9011 273.7S7 N•t Frlends of the Holy Land Notes to the Financial Statoments 1¢￿• Yoar onded 31 Ma￿h 2021 23. Analysls of changes In net dèbt At A 1 hpr 2020 Cash llow$ 31 Mar 2021 Cash at b9nk s￿1 in hand 282. 15,075 297.137 24. Rdat•d PArtles No Trustee or other person connected with the Charity had 8ny personal interest in any ￿nt￿t or transaction entered into by the Charity during the year. The Trustees not aware of any rdated paty trans3dl￿S requiring disckwro. 23