BRITISH FRIENDS OF NEVE SHALOM-WAHAT AL44LAM REPORTOF THE GOVERNING BODY AND THE UNAUDtrED FINANaAL STATEMEf4TS FOR THE YEAR ENOED 31 DECEMBER 2023
BRITISH FRIENDS OF NEVE SHALOM- WAHAT AL-SALAM INDEX FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS Pages Legal and administrative infom)atKsn Annual Report of the Governing Bodv 3-9 Independent Exarninels port io ststement of FinatTrcial Activtties li Balance Sheet 12 Notes to the financial statements 13-21 Patè not formln8 part of the financlal statement5 0et3iled Income and Expenditure Account 22
BRITISH FRIENDSOF NEVE SHALOM-WAHAT AL-SALAM iEGALANDADMNISTrATIVE INFORMATION FOR THE YEAR ENDED 310ECEMBER 2023 Trustees Ms Sima Awad Judge Laurence Brass (Chalrl Slr Andrew Bum5 KCMG Lady BurnsJP Mr Tony Hyams (Hon Treasvrorl Mrs Jenny Nemko Mr Ghanem Nusèibeh Mr Anthony Warshèw (Hon Secretsry Dr. Jack Omer-jackaman Llz Silman Patrons Ms Ahlam Akram Or Margaret Breartey Lady Dyson Dame Louise Ellman Maigaiet Fingerhut Rabbi Helen Freèman Slr Michael MorpurBo OBE Ms Sa'lda Nusselbeh The 8arone55 Perry of Southwark Aabbi Dr Nctrman Solomon MA Ph.D. 8Mu5 DrTerry Walte CBE The Lord Woolf of Barnes Rabbl Alexandra Wrlght Charlty reK15tered number 1171524 Prlndpal office 124 Uty Road, London, ECIV 2NX E¥ecutl¥e Dlr•Ltor Tal Arrowsmith
BRITISH FRIENDS OF NEVE SHALOM- WAHAT AL-SALAM LEGALAND ADMINISTRATJVE INFORMATION FOR THE YEAR EfrIDED YI DE(fMBER 2023 IndependÈnt Exarnlner M Koureas FCCA Hetherington and Co Chartered Certified Accountants 289 Grèen Lanes, Palmers Green London N13 4XS Bankers CAF Bank Limited 25 Kings Hlll West MalllnE ME19 4JQI
BRm5H FRIENDS OF NEVE SHALOM-WAHAT AL-SALAM ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees Ihèreinafter referred to as the Governin8 Body) subrnlt the annual report and the vnaudited financial statements of Oas15of Peace UK (the Charltyl forthèyear ended 31 December2023. Thè Governlng Body confirtn that the annual report and financial staternents of the Charity comply wlth the Charitles Act 2011, the requirements of the Charity's goveming document and with the prov151ons of 'Accounting and Reporting by Charltles,: Statement of Recommended Practlce applicable to Charitles preparing thelr accounts In accordancè with the Financlal Reportlng St4ndard appIlble In the UK and Republic of Ireland IFRS 1021 èffertive Istjatiuary 2015- IChartt5es SORP IFRS 10211. The Charfty operates under the name of Oasis of PeacE UK and Brltlsh Friends of Neve Shalom~ Wahat al-salam. STRUCTURE, GOVERNANCE AND MANAGEMENT Con5tttLrtlon and managemènt Oasis of Pèace UK Is a Charitable Incorpoiated Organ15atlon ICIOI and ha5 a Constlttstlon 1.the Con5titution"l approved bythe Charity Commission. It Is managed by the Go¥ernin£ Bodywhich meets not less than fourtime5 o year. Mèthod glappolntment and recrultmÉnt of Trustees Under the terms of the Constitutltsn, trustees are nominated and elected at 8eneral meeting. The Constitution allows a mlnimum of three trustee5. Sr* accordance with the Cofistltutlon, one thlrd of thè trustÈés lorthe number nearest) retlre each year but are entttled to Stand for re-election. Trustees may be removed at a general meetlng by a majorty of two thirds, pursuant to a resolutlon in accordance with the Constitutlon atKI p<ovided that 14 days not1 ha5 been given. Pollcles adopted forthe Induttitsn and tralnlng of Govemlng Body members Normally, the Chairperson meets or otherwise communlcate5 With the candldatè and dlscusses wlth them thelr applitation or Invltation to join the Governing Body. These people are usually alreadv farniliar wlth Oa51s of Peace UK, havlng attended events or by having been Introduced by another supporter. If the candidate is In agreemenL the Chalrperson wlll recommend the person to the Governlng Body and wlll Invlte hlm or herto attend a tommittee meetlng as a guest. The candldate is Iven a copy of the Constltution and Is afforded full acces5 to all financial inft3rrnatlon. If the candidate expresse5 the wllllngness to joln. and If a majority of the Governing B(xlyvote5 affirmatlvely. the person loinsthe Governlng Body as a co-opted Member, to be presentedforelection atthe nextannual 8eneral meeting. New member5 of the Goveming B¢Jdy are encouraged to vislt thè village of Neve Shalotn I Wahat al- Salam Iherelnafter ¥eferred to as NSWaSI, elther by lolnlng one of thÈ annual vtslts organised by the Charity or by attending the annual meeting of the Intèrnatioftal Friends. A5soc5atlon5 (the counterparts of the Charity in Other countrles In Europe and North Americèl, whlch Lrsually takes place at NSWaS. Altemat¢vèly, they can make their own private arrangements to visit If they are In Israel. Relevant emalls and other communirations are exchanged amongst the Governing Body and the staff, enabling all to partlclpate In deliberations.
BR15 FRIENDS OF NEVE SHALOM- WAHAT AL-SALAM ANNUAL REPORT OFTHE GOVERNING BODY FOR TME YEAR ENDED 31 DECEMBER 2023 The CharlW5 office regularly reiVeS infurrnation on courses organised by the DSrectory of Social Change IOSCI, Charltle5Aid Foundation ICAFI and other professlonal organTsatlons.The Governlng Body is cireulate(J on any that are relevant,. rnany of them are creatÈd èspecially for the governing bodies of ¢haritles. The trustees who held office durOn8 the year were as follows.. Ms Slma Awad Judge Laurènce Brass (Chalrl 51rAndrew Burns KCMG Lady Burns JP Mr Tony Hyams (Hon Trea5urerl Mr Michael Mitzman- Reslgned25/05/2023 Mrs Jenny Nernko Mr Ghanem Nuselbeh MT Anthony Warshaw (Hon Secretary) Dr. Jack Omer-Jack3man-Appolnted 2Y05/2023 Liz SlMan-AppO1ted26/o9/2O23 Judge Laurence Brass replaced Sir Andrew Burns as Chair at the AGM on 25th May 2023. Slr Andiew Burns remains a trustee. The trustees who werè appointÈd durlnB the year end and whg have also reslgned during the year are as follows: Dr Sullman Boulous-Appolnted 25/05/2023 & reslgned 03/07/2023 Flyaz Mu8hal-Appolnted25/05/2023 & reslqned 06/07/z023 RISK MANAGEMENT The malor risks, to whlch ihe Charity Is exposed, as identified by the Governlng Body. have been revlewed. The Reglster of Risks and the systems and safeguards e5tabllshed vla thÈ Risk Mana8emeTrt Plan have been regularly revlewed and updated by the Governing Body. The risks identlfled under the followlng headinB5 contlnue to be.. The environment In which we operate Our premises, (rds, and equipment Our people Our operations Ourfinante5 The Risk Management Plan documentcan beobtalned by Interested parties on requesttothÈ Executlve Direttor.
BR15 FRIENDS OF NEVE SHALOM~WAHAT AL-SALAM ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 DECEMBER 2023 OÈIECTIVES AND ACTFVITIES Summary of objectlves The Charlty's objects are to- To advance the education of the publlr In general, but wlth particular referell to NSWaS in such way5 45 shall be thought fit but In partrcular by the provlslon of the followlng.. lal Educational projects of both Jews and Arabs about NSWaS and the subjects olsocial equality. cohe51on and unity and diver51ty; Ibl Financlal or othèr support of the maIntenan, repalr or provision of educational or other activities in NSWaS,. Icl Scholarships and other flnancial asslsiance for both Jews and Arab5 to enable them to attend courses or semlnars at NSWaS. ThÈ promotlon of racial and religiou5 harmony forthe publit benÈflt by educatiftB the public about NSWaS Bnd how its wort( has brought togÈtherthe Jewish and Afab communitles in peace and harmonv. ObJerttves and Actlvltles lor thè Publk Beneftt The Governlng 8ody confirms that Its members have had due regard to the guidance Issued by the Charity Comrri5slon on publfc benefit and that Ihey will contlnue to ensure that each year they will c¢nsider how the members of the Governin8 body contlnues to mèet the publlc benefit objectlves outllned In Section 4 of the Charlties Act 2011. The achièvernénts 3re set out in rnore detail on page 7 of thls report. Mlsslon Statement To benefitthe public interest, by 5UPPOrting NSWaS's schoo15 and educatlonal art1v1tlesflnancial. and to lSe public awareness In thè UK of NSWaS and the valLtes for which it stand& To achieve thls, the Charity.. Supports NSWaS's edutstronal Institutlons fftnanclally throu8h donatlons and bequests from indivlduals. grant5 fiom Trusts and Foundations, and fundraising events- Is in regular contact wlth NSWaS's educational Institutlons and Secretariat: Communlcates with Friend5 aS50ciatlons In other countries to assure that flnancial support for NSWa5 is CD-ordinated,. RaisÈs publlc awareness by comrnunlcatin8 informatlon about NSWaS and Its methods to a wlde audlence In the UK-, Cwperates with other UX charltles In support ofthe Charl5 Objecte$,. OTgani5es educatlonal tours In thè UK, brlnglng over representatives from the N5WaS vlllage to Speak throughoutthe country: and Afranges accompanled vlsltsto NSWaS
BRinsH FRIENDS OF NEVE SHALOM- WAHAT AL.SAL4M ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 DECEMBER 2023 Maln obièttivès for theyear The Charfty's rnain goals for 2023 contlnued to be rai51n8 funds Iboth rèstritted and unrestrlctedl In order to support chosen educatlonal programs and prolects at NSWaS. thjr eflorts contlnued to focus on ralslng awarenèss 8mon8the Brltlsh public about the unique mlssSon of NSWaS Ithevlllagel. It Is the only placÈ in Israel where Jews and Arab5 of lsr?eli citiienshlp, Including Christians and Musllms. Ilvè together harmonlously as frlends, neighbour5, and equal partlclpants in the Vlllage's governance. The Villa8e alm5 tu demonstrate that In Israel, it is posslble for Israell Jows and Israeli Arabs to coexlst In the same community a5 equa15 and work towards raislng thelr chlldren together. The Chprlty has contlnued to provlde support to the School ft)r Peace, the Plurallstlc 5plrltual Centre, and the Children's Educatlonal System. Thi5 SUPPOrt Is provided from nursery and pre-school. klndergarten up untll prlmary school sixth 8rade, In a bllingual, binatlonal, and multlcultur81 envlronment. It's uniquÈ in thÈ country and caters to both Arab and jewish communlties. NSW3S Is dèdicated to educatln8 the Israeli public abtjut PEace and tolerance, regardless of thelT religlous or ethnlc background. Thls is now seen as even more important than ever following the tragtc events on 7th October 2023 and the ensuing escalation of the confllct. Dvrlngthe yearthe Charity continued to pursue one of rts keyoblettlves to manage Its outreach events effectlvely. The aim was to comblne fundraisin8 with Increasln8 public awareness of NSWaS's educational programmes that the Charity supports. To achieve this, the Charity continued to rèsearch potentlal newdonors. plating particular emphasis on charitable foundations and trusts io enhance the efficiencyand effertlvenes5 of Its activlties. Govemlng Bodrfs Strategy The Chariws stratefOr achieving the above objectives tontlnued to focus on its awareness and fiJndraSsing programmes. The awareness programmes ère athieved as follows: The Charlty sends ovt a regular newslètterto around 2,OCX) people acr055 the muntry vla email and hard coples whère nÈcessary. The newsletter Includes news updates about the Vlllage and Informatlon related to the Charlty. Additionally, Maltchlmp emalls are also sent on a regular basls. We have a website that Is regularty updated and adheres to Industry Stsndard5. It is equlpped with a varlety of feature5 that make it highly functlonal. We have also Implemerted an expanded soclal media strntegywhlch has resulted in 518nificantly increased engagement on Facebi)oL Twitter. and Instagram. Ourfundralslng efforts include 5ubfflltting applications to foundatlons and trusts, as well as sending personal letter5 and projett reports to all Brant donors. We also produ annual report5 for trus15 and foundation& To support ourfundraisir8 Inftlatlves, we plan events throughout the year.
BRITISH FRIEND5 OF NEVE SHALOM-WAHAT AL-SALAM ANNUAL REPORT OFTHE GOVERNINfj BODY FOR THE YEAR ENOED 31 DECEMBER ZOZ3 Use of volunteers The Chartty berbefits from the servlces of voluntèers to achleve Its objectives. Tasks carrled out by voltrnteer5 include- Facilltarlng introductions Helplng at the CharSVs events Pollcy and fundfaising research Grant pollry The Governing Body is diligent to ensure that the Charlty's funds are ed in attordance with its charltable objert5. Most programmes and projectssupported financially by the Charty aretlme4imited or one-off grants to named NSWaS e¢Jucational Institutions, for partltular projects, rather than grants to the Institutlons as general budgetary 5UPPOrt. The grants are almost always in response to speclflc budgeted applicatlon5 from the Instltutlons. The Charity does not make grants which promise contlnued funding In fvture years. (The exceptSons which arlse represent don8tion5 to the Charlty of restricted funds earmarked for multl-year prcje¢ts.I ACHIEVEMENTS AND PERFORMANCE Revlewofperf¢vmance ooolnstobjertfves Durlng thè yearthe Charlty held a number of events which continue(I to ralse awarene55 of the work of NSWaS. The events Irjcluded.. The annual Rueff Lecture was held atJack50ns Lane in Hi8h8ate on November 30th 2023. A rÉcord 125 In-person attendees tuned In to hear Rob Rinder MBE speakon the topic"How Storfes of Humanlty Change How We Hear and Move Us Toward5 Pe". The 2023 AGM was held in the pre5tlEloussurroundlngs of thÈ House of Lords whlch was kind sponsored by Baroness Janet Whltaker on 25th May 2023 wlth 45 people in attendance. 5amah Salalme, the Wllage's communications dirertor. came to thè UK In May and met wlth representstlves of the FCDOJ parliamentarlans, and a number of religlous and academlc leaders. She was also the keynote 5peakerat our annual 8enÈral meetlng. The charity ensured that 5 supporters were kèpt well-lnformed about NSWaS and the progres5 of the educational programs that It supportÈd. It publE5hed an expanded magazine both In hard copy and elettronlc format. whlch was cirtulated to a malllng Ilst of nearlytwu thousand reclpients. Addltlonallyi It frequently sent emails to provide updates about events and make fundralsing appeals. The Charity also used social rnedla to reach and engage a wider audlence. Throu8h fundraising and awaneSS efforts, the Charity galned nèw mèmbers and increased finar¢clal resources while protnrrtlng NSWaS mlsslon.
BRMSH FRIENDS OF P4EVE SHALOM- WAHAT AL-SAIAM ANNUAL REPORT OF THE GOVERNING BODY FOR TrIE YEAR ENDED 31 DECEMBER 2023 PrI1p011ndlng sowcesondhow expendltuKe hus511PPOrted keyobJe¢tl¥es NlneTrusts and Foundatlons 511PPOrted the Charity's wofk in 2023. Of these. tsvo Trusts and a number of othèr donofs restrlrted thelr 8rants to 5peclffic projects to be carried out at N5Wa5. These are.. Prlmary School.. Operatlonal c05t5 School for Peace- Rebuilding Prolect & General Fund5 In the customary way, the donor5 have recehed reports on the complÈtèd projects In the course of 2023. Voluntarydonatlons Include sOurceS gained. both rèstricted and unrestricted, a5 follows: Major Trusts & Farnlly Trusts Legacies 6S.850 179.786 Flnan¢lal posltlon The results for the year are Set out on page 11. The Chèrr(v ènded the 2023 year wtsh an unrestricted fund balance of £254,156 and a restrlcted fund balance of £119,384. The Charity provided grants totalling £176,(K)O to NSWaS12022.. £125,2591 for the specrflc educational projects and programmes Ilsted on Page 21. Durin¥theye3rthe Chartty ralsed £214,45512022-£52,77510l unrestrlcted revenues. The Charlty also raised £112,94212022-E60,8061 of restricted revenue which were donated for speclflc prolÈtts and programmes conslstentWTth the ChariiV5 m15sion. The totsl funds generated in 2023 were £327,397 compared to £113,S81 in the previous year. The Increase in expenditu in the year was mainly due tts thè intrease In grants the Charlty provided to NSWaS. The Charity ended 2023 wlth no long-term liabilitles, or wlth any fund5 in deflcit. The Governlng Body was satlsfled with thè rÈsults and Is confldent in its capacity to cover Its runnin8 costs and provide sufficfjÈnt rÈserves as well as to provlde funding to meet its 5tsted oblectivÈs. Reserves Pollcy The workln£ fapltal rpserve pollry projects the amounts reqL*irÈd to achleve an orderly wlndlng up of the Charlty In the event that its Incomln8 resources wÈrÈ InsufAclent to continue 5UPPOrting these projects. Thls has been estimated by the Q>mmltree atsixmonths, worth of adrnin15trative and support costs of the current operaiions. amounting to approxlmately £35,0. As noted above. the Charity ended 2023 wEth un$trtCted fund reserves In excess of th15 level. The resources of the Charlty ale always kept at h relatlvely modest level. Hente the Governing Body considers It prudentto keep all funds In lowrlsk Interest-bearin8 bankaccounts, prlmarllyat the Charity Ald Foundations BènL The Charlty has no intention toaccumulate lar8e re5erve5 byholdingon to fvnds that were donated to support the Charlt¢s mission.
BRITISH FRIENDS OF NEVE SHALOM- WAHAT AL-SALAM ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 DECEMBER Z023 STATEMENT OF THE GOVERNING BODY'S RE5PONSIBIUTIES The trustees are responslble for preparingthe Trustee5' Annual Report and the linancial statements In accordance wlth applicable law and Unlted Klngdom Accountln8 Stsndards Iunlted Klngdom General Accepted Accounting Practice). The law applKable to ¢haritie5 in Englalld and Wales requlres the twstees to prepare financial atements for each financial year which 8ive a tiue and faFr view of the state of affalrs of the Charity and of the incomlng resources and appllcatlon of resource5 of the charlty for that period. In preparlng these financlal statements, the trustees are required to= •select sultable accountlng pollcles and applythem conslstently,. bserve the methods and prfn¢iples in the charleS 50RP- •makelLtdgements Jnd estimates that are reasonable and prudent; •5tate whether applicable accounting standards have been followed, subject to any deparbJie5 d55c105ed and explained in the ffnancial Statements; and 'prepare the accounts on a golng concern basls unless it is Inapproprlate to presume that the charlty wlll contlnue In buslness. The trustees are re5pon5ible for maintainlng proper accovnting records which disdosewith reasonable accuracy at anytime the flnanclal position of the charityand to enable them to ènsurÈthat the account5 comply wh the Charttles Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the provislons of the trust deed. They are 3150 responsible for safeguardlng the assets of the charity and hence for tsklng reasonable Steps for the preventlon and detection of fud and other irre8ularltie5. This report Wa5 approved bythe GovernlnB Body on 23 August 2024 and signed on Its behalf. by.. irflfv MrTony Hyams IHon Treasurer and frusteel
INDEPENDENT EXAMINER'S REpoifT TO THE TRUSTEE5 OF THE BRMSH FRIENDS OF NEVE SHALOM-WAHAT AL-SALAM I report to the charlty trustee5 on my examination of the accounts of the Brltlsh Frlends of Nev Shalom~ Wahat Al-salarn for the year ended 31st December 2023. which are Set out on page5 11 to 21. Responslbllltles and basls of report As the trustees of the Charityyou are responsible forthe pieporatlon of the accounts in accordance Wlth the iequlrement5 of the Charltles Act 20111'the Att'l. I report In respettgf my examlnatlon of the Charlty's accounts as carrled out under section 145 of the 2011 Act. In carrylng out my examlnatlon I havefollowèd all appllcable Oirections given by the Charity Commlsslon under sectlon 14515llbl of the 2011 Act. Independent examlnerfs statement Since the charltf gros5 Income exceeded £250.c your examiner must be a member of a Ilsted body in section 145 of the 2011 Act. I confirm that l arn qvalified to undertakè the examlnatlon because l am a mÈmber of the Association of Chartere¢S Certified Accountants. which Is one of the list bodies. I have completed my examination. I conflrrn that no material matter5 have come to my attÈntion in connectlon wtth my Èxamlnatlon whlch gives me cause to belleve that In any material re5pert: accountlng records were not kept In accordance wlth settion 130 of the 2011 or the accounts do not accord wlth thè actountin8 records.. or 3. the accounts do not cornply wlth the applicable requlrements concernln8 Ihe forrH and content of accounts set out in the Charities IAccount5 and Reports) Regul3tiort5 2008 other than any requiremènt that the accounts £iwe a'true and fair view whlch is not a matter consldered as part of an Independent exarnination. I have no concems and have come across no other matters In connection wlth the examinatlon to whlch attention should be drawn In this report In order to enable a p¥oper understandlng of the accounts tD be reached. M Koua$ FCC4 Hetherin8ton & Co Chartered Certlfled Accountants Second Flwr. 289 Green Lanes. Palmers Green. London N13 4XS Dated- 23 August 2024 io
BRITISH FRIENDS OF NEVE SHALOM-WAHAT AL-&4LAM STATEMENT OF FINANCIAL ACtNITIES FOR THE YEAR ENDED 31ST DECEMBER Z023 General Fund Restrirted Funds Total 2023 Total 2022 Note INCOME AND ENDOWMENTS Incomln8 resour¢Ès frLWn generated funds Donation5 and legacies 192,888 112.942 305,830 107.172 OtherTradlng Attivities 8,050 8,050 4,525 Investment Income 13.517 13,517 Total 214,455 112,942 327 397 113.581 EXPENDITURE ON Raising Funds 47,730 47.730 44,211 Charltable e¥penditure= 33,962 176,000 209,962 160,024 Total I76.0) 257,692 204,235 Net Incomel lexpendfturel tor theyear Transfer been funds 132,763 163,0581 69,705 190,6541 Net Movement In ftinds lor the year 132,763 163,0581 69,705 190.6541 Total funds brought forward 121.393 182,442 303,835 394.489 Total Funds tarrled foTh¥ard 254,156 £ 119.384 £ 373.540 £ 303,835 The note5 form part ofthese ftnanclal statements li
BRITISH FRIENDS OF NEVE SHALOM -WAHAT AL-SALAM BALANCE SHE S AT31ST DECEMBER 2023 2023 2022 Note FIXED ASSErs Tanglble Assets io 284 CURRENT ASSETS Debtor5 Cash at and in hand li 11,427 378,258 4,928 389,685 316,370 CREDITORS: Amt)unts fallln¥ du@ within one year 12 116,1461 12,819 NETCURRETrTh ASSETS 373.539 303.551 NET ASSETS 373.540 303.835 REPRESENTED BY-. General Fund Restrlcted Fund 15 15116 254,156 119,384 121.393 182.442 373,540 303,835 Approved on behalfofthe Governing 8udy on 23 August 2024 by.. . MrTorry HyJm5-HonoraryTreasurarand Trustee The notes form part of these flnanclal statements 12
BRITISH FRIEND5 OF NEVE SHALOM-WAHAT AL-SALAM NOTES TO THE FINANCIAL STATEMENTS fOftTHE YÈAR ENDEO 51ST DECEMBER 2023 ACCOUNTING POLiaES The princlpal accountSng pollcles adooed In the preparatlon of tbe financial statements were as follows.. 1.1 Bosls olArrountln The flnancial statements have been prepared In accordance with thè Accountin8 and fleporting bycharltles.. Statement of Recommended Practlce applicable to Ch31itles preparing thelr accounts in accordance with the Flnanclal Reporting Standard appllcable in the UK and Republicof Ireland IFRS 1021 leffectl¥e IstJaDuary 20151. The Charities Art 2011 and appllcable regulations. The flnancial ststements have been ppared underthe hlstorlcal c05¢ conventlon with items re(¢¥nised at c¢)st ortran5artlon value unless otherwise ststed In the relew7nt notelsl to these accounts. The Charlty meets the definltlon of a public bènefftt entlty. The flnanclal 5Eatements have been prepared underthe historical cost conventlon with itern5 reco8nised at cost or transaction value unless otherwlse statÈd in the relevant nDtelsl tothese accounts. The Trustees have assessed whetherthe use of the 8olng concern basls is appropriate and have con51dered P[blE events orcondltlons that might tast doubt on the abilityof the Charityto contlnue as a going concern. The Trustees have assessed the impact the downturn In the 8lobal economy (including the cost of Iwing and eneigy crlsisl may have on its forecast and prolertlons and have made thls assessment fora period of at least ¢*ne yearfrom the d#te of approving these financial statements. The Charity has conclu¢Jed that It has Sufficient resources to continue in operatlonal existence for the foreseeable future and consequentty it appioprfate to continue to adopt the golnÈ concern basis In prep3ri its financial statemen 1.3 lftmme Voluntary Income includlng donat(ons, 81ft& legacles or grants from varlous Indlvkluals. corporatlons and charitable foundations are recognSsed where there is entitlemenL any tondition5 attached to the Itemlsl of Income have been met. it Is probable thatthe Income wlll be ceIved and the amount can bè measured rellabty- Such Income is only deferred whefi.. al The danor spethe5 that the 8rant or donatlon rnu5t only be used In future atc¢untln8 period5. bl The donor has Imposed condttlons whkh must be met beforethe charlty has uNnd[tIonal entltlement. Income generated from fund ralsln8 events is recogn15ed when earned. Incorne tsx recoverable In relaOn to donations recel¥ed underBIft ald ordeeds of covenant Is recognlsed atthe time of the donation. l incornlng resources are ported gross before expense& For Legacles, entStlement Is taken as the earlier the date on which etther. the charity Is aware that probate has been sranted, the e5tste has been finalised and notiflcatlon has been made, orwhen a dlstribution15 recelved from the estate. Receipt of a legacy In whole or in part Is only considèred probable when the arnount can be measured rellabty and the tharity has been notllled of the executor'5 intention to make a dlstrlbutlon. Where legacies have beer notrfied to the charTty. or the charity is aware of the 8rantlng of probate and the criterla for Income recogn110 have not been met, then the le8acy is treated as a contlngent 13
BRITISH FRIENDS OF NEVE SHALOM-WAHAT AL-lAm NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICIES IA Dontrted 5Erwl¢es ¢7ndJorllRles Donated 5ervlces and donated f8cilities are recogn15ed a5 Income when the charity ha5 control over the Item, any conditions a550clated wlth the donated item have been m*. thè recelpt of economlc benefit from the use by the charity of the item 15 probable and that economlc benefit can be measured lIablY by the Governlng Body of Trustee5 U5in8 best estlmates.. 1.5 lrterestrnreivoble Interest on funds held on deposll Is Included when recÈivabl? and the amount can be measured rellably by the charlty.. this is normally upon notifttIon of the Interest paid QT payable by the bank 1.6 Expendlture ondlffecovèmble VA T Expenditure 15 recognised once there is a legal or constructlve obligation to make a payment lo a third party, It Is probable that settlement wlll be requlred and the amount of the oNlgatlon Can bÈ Measured reliably. Expendlture is (l51fied underthe followlng headlngs.. Cost of raising funds are those tosts incurrÈd in attractlng voluntsry intome. Expendituré on charltable activltles Includes all dlrect Costs Incurred to furtherthe purpose of the charitytogether wlth associated support costs. Other expendlture represents those items not falllng Into any other headlng. Grants payable refer to payments made to third partles In furtherancè of the charitable gblettive5 of the Charity. Gr4nt5 are accounted for when elther the recipient ha5 a reasonable expeuation that they wlll recelve a grant and the Governlng Body have agreed to pay the 8rant wlthout condltlon, or the reciplent has a reasDnable expertation that theywlll recelve a grant and the condltlon attachlng to the grant Is outside the control of the Goveming Body. Pro¥lslon fwgrants are made when the intention to rnake a 8rnnt has bÈen ¢ornmunlcated to the recipient unless there Is uncertainty abolrt elther the tlmingof the grant orthe amount of the grant payable. Irrecoverable VAT Is char8ed as a cost agalnstthe actlvlty forwhich the expenditure was Incurrèd. 1.7 faxotlon andmlscelluneotss As the charity is a reglstered charity it is not Ilabl? to Intomètax on Its charltable actitIeS land it does not undertske any non<harltable tradlngl. The charity15 unable to recDver VAT, and all expenditure Isthu5 Stated Inclu51ve of VAT where appll¢able. Other policies are explained within the notes on specmc aspects of the accounts. 1.8 Allorutl¢M ofsupportcosts Support costs are those functlons that 3551st the work of the charfty but do not directly undertake tharltsble actlvities. Support ciJsts include Offi costs, finance, personn21. payroll and governance costs whlch 5UPPOrt the charity's activitlÈX. ThèsÈ costs have been allocated between cost of ralslng fund5 and expenditure of charltable activities and the bases on whlch the support have been allocated are set out in note 5. 14
BRITISH FRIENDS OF NEVE SHALOM-WAHAT AL-SALAM NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31sr DECEMBER 2023 ACCOUPITING POUCIES L9 Tanglblefixed ossets All tangible fixed asset expenditure Is capita115ed at cost. PrO$10n is made for depreclatlon on all tan8lbl@ fixed assets, at fates calculated to write off the cost orvaluation less resldual Wdlue of each asset over its expected useful life as follows: Office equlpment and furniture 25%. 1.10 Impo1mnt offved o55ets At each reporting end date, the charlty revlews the carryin8 amounts of its tangible assets to detefmlne whetherthere Is any tndication that those assets have suffered an impairment los& If any such indlcatlon exlsts, the recoverable amount of the asset ts estlmated In orderto determlne the extent of the impairment loss lif any). 1.11 ¢g5h 0ndc<h equfvolents Cash and cash equlvalents Indude tagh In hand, deposlts held at call wlth banks, othershort-term Ilquld investments wlth orlglnal maturitles of three rnonths or less, and bank overdrafts. Bank overdrafts 8re shown wlthln borrt)win8s in Current Ilabllities. 1.12 Fln(vndollnstruments The tharity ha5 elerted to apply the provlsions of Section Il'Baslc Flnancial Instruments, and Section 12 'Other Flnantlal Inruments Issues, of FRS 102 to all of It5 financial instruments. Financi31 Instruments are recognlsed In the ¢haritV'5 balance sheet when thp charfty becomes party to the contractual provisions of the Instrument. Flnanclal assets and Ilabilities are offseL wlth the net amounts presented In the financlal statements, when there is a legally enforceable tight tQ Set off the recognised amounts and there is an Intentton to settle on a net basis 01 to realise the asset and settlè the liability simultaneously. 1.13 Buslcjlnonclalossets 8asi¢ financial a55ets, whlch include debtors and cash and bank balances. are initially measured at transaction PTire Including transactlon costs and arÈ subsequeTrtty carrled at amort15ed c05t uslngthè tffertfve Interest method unless the arrangement constltutes a firtanc4n8 transactlon, where the transactlon 15 measured at the present value of the future receipts dlscounted at a market rate of interest. Financial assets classiffted as recelvable withln one year are not amortised. 1.14 8trsltflnundplllablllUes Basic flnancial liabilities, including creditors and bank loans are initially recognised attransattron prSce unle5S the arrangement constitute5 a financlng transactlon, where the debt instrument is measured at the present value of the future payments discounted at a market rate of Interest. Financial Ilablllties cla551fied a5 payable wlthln one yearare not amortised. Debt instruments are subsequently carrled at amorti5ed c05t, uslng the effertlve Interest rate method. Trade (redltors are obligatlons to pay forgoods or senrfces that have been acqulred In the ordinary course of operations from supplleis. Amount5 payable are classified as current liabilitrÈs If payment is due within one year or less. If not. they ate presented a5 non<urrent liabllitiÈs. Trade credStors are recogni5ed inltlally at transactlon prlcè and Subsequently measured at amortld c05t usln8 the effectlve Intest method. 15
BRrrisH FRIENDS OF NEVE SHALOM-WANAT AL-SALAM NOTES TO THE FINANCIAL STATEMENYS FOR THE YEAR ENDED 31ST DECEMBER 2023 AccOUP16 POUCIES 1.15 Dere¢oynltion oAfin¢7nciDIIAabMltles Flnancial Ilabllitle5 are derecogni5ed when the Charity's contrartual obligatlons explre or are dlscharged Dr cancelled. 1.16 Leoses Renta15 paid under operatlng leases are charged to the Statement of Flnanrial Actlvltles In the period to which they relate. L17 Employee benellts The cost of any unltsed holidayentltlement Is recognlsed In the perlod in whlch the employee's servlces are recelved. Terminatlon beneffts arè retognlsed Immedlately as an expErise when the charity is demonstrably commlttèd to termlnate the émployment of an employee or to provlde termlnatlon benefits. Rgtlrementbenefits Payments to defSned contributlon retirement benefit schemes are charged as an expense as they fall due. 1.18 FundaKountlno Unrestrlcted funds are avallable to spènd on activltles thatfurther any of the purposes of the charity- De51gnated funds are unrestrlctèd funds of the charlty which the Trustees have declded attheir discretlon to Set astde to use for a specifi¢ purpose. Restrlcted funds are donations which the donor has specified awe tg be Sole used for particular areas ot the charity's work or for specific prajÈcts belng undertaken by the charity. 1.19 Crftlcalottountlftg esumotes andludgements In the appllc4tlon of the charlty's accountlng policles. the trustees are requlred to makelud8ements, estirnate5 and assumptlons about the carrying amounl of assets and Ilablllties that ore not readily apparent from other sources. The estlmates and associated assumptions a based ofi historlcal experience and other factois th* are consldered to be relevant. Actual results may dlfferfrom these estlmates. The estlmates and undedySn8assumptlons are reviewed on an ongolng basis. Rev151ons to accounting estimate5 pre recogni5ed In the period in which the estimate Is revlsed where the revlslon affects only that peilod. or in the period of the revlsion and future perlods where the revision affects both current and future perlods. 1.20 Fortlgn exrhqnge Assets and Ilabllitles In forelgn currencies are are translated into stefling at the ratss of exchange rullng at the balance sheet date. Transactlons in forelgn currencie5 are translated into sterflng at the rate of exchanEe ruling at the date of transaction. Exthange dlfferences are taken into account In arrlvlng at the operating result. 16
8RITtSH FRIEND5 OF NEVE 5HALOM-WAHAT AL-SAiAM NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 DONAnONS AND LEGACIES General Fund Restrirted Funds Total 2023 Totsl 2022 Donatlons from Ind]dy31$, charltable trtS nd other Instltutlons 63,102 62,942 126,044 97.172 Le8acles 129,786 50,QOO 179,786 10,000 192,888 112,942 305.830 107,172 TRAIXNG ACTIVlnES General Fund Restrftted Fund5 Total 2023 Total 2022 Events, concert, v151ts etc. 8.050 8.050 4,525 4,525 8.050 INVESTMENT INCOME General Fund Restrkted Funds Total 2023 Totsl 2022 Bank Interest 13,517 13,517 13,517 13,517 1.884 17
8RttlSH FRIENDS OF NEVE SHALOM.WAHAT AL-SALAM NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 315T DECEMBER 2023 ALLOCATION OF SUPPORT COSTS (INCLUDING GOVERNANCE COSTS) The charlty Inltlally identifies the cosls of its support functlon> It thèn identifies those costs whlch relate to the governance funrtion. Havlng Identified Its govern4nGe ¢ost5. the remalnlng support costs are apportioned between charltable attwfties undertaken In the year. Refer to the table below for the b8sSs of apportlonment and the analysis of support and 8overnance costs. Basls of IlocatiDn Support Costs Total 2023 Total 2022 Governance staff c05t5 Independent examiners fee Trustees meetlngs Communitation Printin& posta8e and stationery Premlses costs Oepteclation Bookkeeping Travelling costs Other costs Time 15,171 7,482 5,150 766 22,653 5,150 766 5,898 572 4,666 193 2,676 388 994 43,956 2L042 4,830 i.iii 4,955 47 10,463 94 2,370 142 1.043 46,097 USa8e usage U5Hge Usage Usage usage Usa8 usage usage 5,898 572 4.666 193 2,676 388 994 30.558 13.398 COST OF RAISING FUNDS General Fund Restricted Funds Total 2023 Total 2022 DirÈtt staff costs Dlrett costs of event5 Allocated 5UPPOrt costs 13A59 15,111 19,150 13,469 15.111 19,150 12,980 11,155 20,076 44,211 ANALYSISOF CHARITABLE EXPENDrniRE Information and educatlon Grant funded activity Total 2023 Total 2022 Grants-lsee note 91 Olrect costs- Staff Dlrect C05ts- Other Allocated support costs 176.ODJ 176,000 8,043 1.113 24.806 125,259 7.863 881 26,021 160,024 8,043 1,113 24,806 176.OCAI 33,962 209,962 For the year ended 31st December 2023. charltsble eXpendIre was £2CV).96212022.. E160,0241 ofwhlch É17QCI)012022.. £125,259) was expen(lItu from restricted funds. 18
BRFfisH FRIENDS OF NEVESHALOM.WAHAT AL-WM NOTE5 TO THE FINANCtAL STATEMENTS YEAR ENDÉD 31ST DECEMBER 2023 ANALYSIS OF GRANTS FUNDED Restrlrted Funds GenÈtsl Total 2023 Total 2022 Fund5 SFP General 21,673 Primo school Teachers Salaries PS General 35.OLMJ 141,000 35,OC(S 141.0(X) 35.043 68,543 Pluorlistic en Pluarllsisc Splrltual Cèntre 176 000 176,Q)O 125,259 ANALYSIS OF STAFF cosrs 2023 2022 Salary Recrultmeni Costs Tr3iniTr8 costs Penslon contrlbutlons 42,120 40,791 199 1.140 894 44,166 41,884 The aver38e number of employee5 durlng the year wa5 212022.. 21. No member of staff earned more than £60,000. The Trustee5 did not receive any remuneratlon or beneflts In kind12022= £Nill. Reimbursement of trustees expenses Is dlsclosed in note 17. io TANGIBLE FIXEDASSETS Office Equlpment Cost: Balan brought forward Istjanuary 2023 AdditlOll5 in the year Di5posa15 At 31st December 2022 3.496 2,613 883 OepMd8tlon: Balance brought fonvard lstjanuary 2023 Dlsposals In theyear Charge for year At 315t December 2022 3,212 12.3301 882 Net book value at 31st Decembér 2023 Net bookvalue at 31st Degmber 2022 284 19
BRITISH FRIENDS OF NEVE SHALOM-WAHAT AL-5ALAM NOTES TO THE FINANCIALSTATEMENrs YEAR ENDED 31ST DECEMBER 2023 2Ct23 2022 li DEBTORS Taxation recoverable Sundry debtors and prepayments 7.016 4.411 11,427 4,038 4.928 12 CREDITORS- AMOUNTS FALLING DUE wrrHIN ONE YEAR social security costs payable Other credStots and acciuats 2023 2022 2,019 14,127 16,146 2,063 10.756 12.819 13 OPEMTING LEASE COMMITMENTS At the reporting end date the charlty had out5tandlng commitments for future minimum lease payments under nor-cancellable gperatin8 leases, whlch fall due Bs follows.. 2023 2022 Withln one year iii iii 14 ANALYSIS OF NET ASSETS BETWEEN FUND5 Gènèral Funds Restricted Funds Total Fixed assets Current a55ets Creditors 270,301 116,146 254,156 119.384 389.685 116.146 373.540 119,384 Is FUNDS Asat 1.1.2023 Incornlng Resources Outyoing Resources Inter-Fund Transfers 31.12.2023 General fund5 121,393 214,455 181,6921 254,156 Restslcted SthoolFor Peo General Graduates RebuSld 2,500 2,500 2.3QO 2.300 Pl rllstic irituulcentre Progrnmmè for Rellglous Leader5 Prlma Home teacherf5 Salary General Playground Transportation Psych Support PS 2023 khorarships 729 181,457 250 35,(m 50,550 135,0001 1121.0001 735 111,007 250 20,000 2,592 120.0(N)I 2,592 303,835 327,397 1257,692 373,54Q 20
BRMSH FRIENDS OF NEVE SHALOM-WAHAT AL-5ALAM NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2023 16 RESTRicfED FUNDS School For P Generul SIP fund Thi5 fijnd relate5 to donatlons restrictad to thÈ School for Peace but for no spedflc pro8ramme. Rebulld Fund ThÈ fund relates to monies specSflcally donated to aid the rebulld followFng the suspected arson attacks at Neve ShalomMahat-al-Salam in 2020. Pluarllstk Splrltual Cantr• Th15 relates to the monles donated and Èxpended towards the Programme for Religious Leaders. Prfmarysehool PrftmqryschoolteachePssolury The fund relatès to monles speclflcalty donated towards the c05t of teacher'$5alaries atthe prfmary school in Neve Shalom- WahatAlIam. GenertilPS Fund Thi5fund relates to donations restritted to the Primary School bLtt for no specrflc programme. Durlng the vear the Charity éxpended £121.OW of the fulldlng. Ploygrotsnd The fund lateS monle5 rece¢ved towards the cost of buildlng a new playground. Psychologlcolsupport The fund relates to monies reied from the Tolklen Trust towards psycholo8ical sUPPOrtfor Yaff and parents at the primary school followlngthe 7th OLtober brutalltles. PS2023Scholorshfps The pMary school secures ba51cfundSn8 from the Israeli Ministry of Educatlon- however, we conduct targeted fundra151nB efforts to specflically support the bilingual education programme and the unlque educational Inltlatlves. 17 RELATED PARTYTRANSACTIONS During the yearthe charity pald £NII12022: £Nill for travel and accommodatlDn expenses. Donatlons re¢eived from related parties (Trustees and connected parttesl forthe year totalled E2,620 12022= £1,142>. 21
BRinsH FRIENDS OF NEVE SHALOM-WAHAT AL-5A&AM YEAR ENDED Jr DECEMBER Z023 The followln8 supplementsry page does not form part ofthe fTnanclal statements
r O tho i Ln c ty