BRrrisH FRIENDS OF NEVE SHALOM- WAHAT AL-SALAM REPORT OF THE GOVERNING BODY AND THE uNAUDED FINANCIAL STATEMENTS FOR THE YEAR ENDÉD 31 DECEMBER 2024
BRMSH FRIENDS OF NEVE SHALOM - WAHAT AL-SALAM INDEX FOR THE YEAR ENDED 31 DECEMBER 2024 coMrENTS Page5 Legal and administrative infomation Annual Report of the Governing Body Independent Examiner's report io Statement of Financial Activities li Balance Sheet 12 Notes to the financial statements 13-21
BRMSH FRIENDS OF NEVE SHALOIIA- WAHAT AL-SALAM LEGAL AND ADMINisfRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Judge Laurence Bra55 {Chairl 5irAndrew Burn5 KCMG Lady Burns JP MrTony Hyams IHon TasUrer) Mrs Jenny Nemko Mr Ghanem Nuseibeh Mr Anthony Warshaw {Hon Secretary) Dr. Jack Omer-jackaman Ms Liz Silman Mr David Attaras MI Justin Cohen Mr Edoardo El-Attrache Patrons Ms Ahlam Akram Lady Dyson Mr John Bowers KC Mr Rob Rinder MBE Dame Louise Ellman Ms Margaret Fingerhut Rabbi Helen Freeman Sir Michael Morpurgo OBE Ms Sa'ida Nusseibeh The Baroness Perry of Southwark Rabbi Dr Norman Solomon MA Ph.D. Bmus Dr Terry Waite CBE The Lord Woolf of Barnes Rabbi Alexandra Wright Charity registtred number 1171524 Prlnclpal offl¢e 124 fy Road, London, ECIV 2NX
BRITISH FRIENDS OF NEVE SHALOM - WAHAT AL-SALAM LEGAI AND ADMINisfRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Executl¥e Dlrector Tal Arrow5mith Independent Examiner M Koureas FCCA Hetherington and Co Chartered Certified Accountants 289 Green Lanes. Palmers Green London N13 4XS Bankers CAF Bank knmited 25 Kings Hill West Mallin8 ME19 4JQI
BRITISH FRIENDS OF NEVE SHALOM - WAHAT AL-SALAM ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees (hereinafter referred to as the Governing Body) submit the annual report and the unaudited financial statements of Oasis of Peace UK (the Chartyl forthe year ended 31 December 2024, The Governing Body confirm that the annual report and financial statements ofthe Charity comply wlth the Charities Art 2011, the qUirements of the Charity's 8oveming document and with the provisions of 'Accountlng and Reporting by Charities,: Statement of Recommended Prattice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) effertive I" January 2015- (Charities SORP {FRS 10211. The Charty operates underthe nameof Oasis of Peace UKand British Friendsof NeveShalom~Wahat al-salam. STRucfuRE. GOVERNANCE AND MANAGEMENT Constltutlon and management Oasis of Peace UK 15 a Charitable Incorporated Organisation (CIO) and has a Constitution 1.the Constrtution") approved by the Charity Cornmi55ion. It is managed by the Governing Body which meets not less than four times a year. Method of appointment and recruitment of Trustses Under the term5 of the Constitution. trustees are nominated and elected at general meeting. The Constitution allow5 3 minimum of three trustees. In accordance with the Constitution, one third of the trustees lor the number nearest) retire each year but are entitled to stand for re-election. Trustees may be removed at a general meeting by a majority of two thirds, pursuant to a re501ution in accordance wlth the Constitution and provided that 14 days notice has been given. Polkles adopted for the Induction and trainirvd of Governin8 Body members Normally, the Chairper50n meets or othenArise communicate5 With the candidate and discusses with them thr application or invitation to join the Goveming Body. These people are usually aladY familiar with Oasis of Peace UK, having attended events or by havi ng been introduced by another 5UPPOrter. If the candidate is in agreement, the Chairperson will recommend the person to the Governing Body and will invite him or her to attend a committee meeting as a guest. The candidate is given a copy of the Constitution and is afforded full access to all financial information. If the candidate expresses the willingness to join. and if a majority of the Governing Body votes affirmatively. the person join5the Governing Body ès a co-opted Member. to be presented for election at the next annual general meetin& New members of the Governing Body are encouraged to visit the village of Neve Shalom I Wahat al- Salam Iherelnafter referred to as NSWaSI, erther by joining one of the annual visits organi5ed by the Charity or by attending the annual meeting of the international Friends, Associations (the counterparts of the Charity in other countries in Europe and North America), which usually takes place at NSWaS. Alternatively. they can make their own private arrangements to visit if they are in Israel. Relevant emails and other communications are exchanged amongst the Governing Body and the staff, enabling all to participate in deliberations.
BRITISH FRIENDS OF NEVE SHALOM -WAHAT AL-SALAM ANNUAL REPORT OFTHE GOVERNING BODY FOR THE YEAR ENDED 310ECEMBER 2024 The Charitvs office regularly receives information on courses organised by the Directory of Social Chan8e {DSC}, Charfcies Aid Foundation ICAF) and other professional organisations. The Governing Body is circulated on any that are relevant; many of them are created especlally for the governing bodie5 of charities, Thetrustees who held office duringthe year were as follows: Ms Sima Awad- Resigned 07/10/2024 Judge Laurence Brass (Chair) Sir Andrew Burns KCMG Lady Burns J P M r Tony Hyams {Hon Treasurer) Mrs Jenny Nemko Mr Ghanem Nuseibeh Mr Anthony Warshaw (Hon Secretary) Dr. Jack Omer-jackaman Ms Liz Silman Mr David Altaras- Appointed 01/04/2024 Mrjustin Cohen -Appointed 08/10/2024 Mr Edoardo El-AttrachÈ- Appointed 02/12/2024 RISK MANAGEMENT The major risks, to which the Charity is exposed, as identified by the Governing Body, have been reviewed. The Register of Risks and the systems and safeguards established via the Risk Management Plan have been regularly reviewed and updated by the Governing Body. The risks identified under the following headings continue to be: The environment in which we operate Our premises. records, and equipment Our people Our operations Our finances The Risk Management Plan document can beobtained by interested partie5 on requestto the Executive Dirertor. OBJECTIVES AND AcrivmES Summary of objectives The Charlty's objects at0-. To advance the education of the public in general. but with particular reference to NSWaS in Such ways as shall be thought frt but in particular by the provision of the followin8- lal Educational projects of both Jews and Arabs about NSWaS ar)d the subjects of soclal equality, cohesion and unity and diversity; Ibl Financial or other support of the maintenance. repairor provision of educational or other artivities in NSWaS'
BRITISH FRIENDS OF NEVE SHALOM- WAHAT AL-SALAM ANNUAL REPORT OF THE GOVERNING BODY FOR THEYEAR ENDED 31 DECEMBER 2024 Icl Scholarshlps and other financial a55iStance for both Jews and Arabs to enable them to attend course5 or seminar5 at NSWaS. The promotion of rKial and religiou5 harmony for the public benefit by educating the public about NSWaS and how its work has brJght together the Jewish and Arab communities in peace and harmony. Ob]ectlves and Artlvities for the Public Benefft The Governing Body confirms that it5 members have had due regard to the guidance i55ued by the Charity Commission on public benefit and that they will continue to ensure that each year they will consider how the members of the Governing Body continues to meet the public benefit objectives outllned in Sertion 4 of the Charitie5 Art 2011. The achievements are set out in more detail on page 7 of this report. Mi55ion Statement To benefit the public interes¢ by supporting NSWaS's schoo15 and educational activities financially. and to raise public awareness in the UK of NSWaS and the values for which It stand5. To achieve this, the Charity.. Supports NSWaS'5 educational institution5 financially through donations and bequests from individuals, grant5 from Trusts and Foundations, and fundraising events. Is in regular contart with NSWaS's educational institutions and Secretariat. Communicates with Friends associations in other countrie5 to a55ure that financial support for NSWaS is Co-ordinated: Raises public awarene55 by communicating Information about NSWa5 and its methods to a wide audience in the UK,. Co-operates with other UK charities in support of the Charivs objertAies: Organises educational tours in the UK. bringing over representatives from the NSWaS village to speak throughout the country: and Arranges accompanied visits to NSWaS Main objectives for the year The Charity's main goals for 2024 continued to be raising funds (both restritted and unre5tritted) in order to support chosen educational programs and projetts at NSWaS. Our efforts continued to focus on raising awareness amon8 the British public about the unique mission of NSWaS (the Village). It is the only place in Israel where Jews and Arabs of Israeli citizenship, including Christians and Muslims. live together hamioniously as friends. neighbours. and equal participants in the Villagés 8ovemance. The Village aims to demonstrate that in Israel, it 15 POS5ible fr)r Israeli Jews and Israeli Arab5 to coexist in the same community as equals and work towards raising their children tO8ether.
BRITISH FRIENDS OF NEVE SHALOM- WAHAT AL-SALAM ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 DECEMBER 2024 The Charity has continued to provide support tothe Children'5 Educational System at Neve 5halom- Wahat al-salam INSWaSI, specifically the Primary School. which offers a bilingual, binational, and multicultural education from nursery through sixth grade. This unique Setting Serves both Ar3b and Jewish communities, fostering mutual understanding from an early age. While the School for Peace ISfPI has continued it5 Vitèl work during thss extraordinarily difficult year in15rael, especially following the tragic events of 7th October 2023 and the escalation of conflict in G32a. its programmes are currently sustained by a range of international funders and therefrjre did not require additional support from the Charity during this period. Throughout the year, the Charity also pursued one of its key objertive5= to manage cutreach and fundraising activities effettively while raising public awarene55 of NSWaS's educ3tional mission. This included research into potential new donors. with particular emphasis on charitable foundations and trusts, to ensure the Charitfs efftirts remain as efficient and impact1 a5 possible. Governln8 BOdS Slrate8Y The Charitvs strategy for achievin8 the above objectries c(tinUed to focus on its awareness and fundrai5in8 programmes. The awareness programmes are achieved as follows: The Charity sends out a regular new51etter to around 2.(XIO people across the country via email and hard copies where necessary. The ne•V51etter includes news updates about the Village and information related to the Charvty. Additionally, Mailchimp emails are also sent on a regular basis. We have a webstte that is regularly updated and adheres to industry standards. It 15 equipped with a variety of features that make it highly functional. We have a150 implemented an expanded Social media strategy which has resulted in Sl8nificantly increased engagement on Facebook, Twitter, and Instagram. Our fundraising efforts Include submitting applications to foundations and trusts, as well a5 sendlng person31 letters and project reportsto all grant donors. We also produce annual reports for trusts and foundations. To sUPPOrt our fundraising initiative5. we plan events throughout the year. Use of volunteers The Charity benefits from the seNices of volunteers to achieve its objectives. Tasks carried out by volunteers include: Facilitating Introductions Helping at the Charitrfs events Policy and fundraising research
BRITISH FRIENDS OF NEVE SHALOM - WAHAT AL-SALAM ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 DECEMBER 2024 Grant pollry The Governing Body is diligent to ensure that the Chorlty's funds are used in accordance with its charitable objerts. Most programmes and projetts supported financially by the tharity aretime-limited or one-off grants to named NSWaS educational institutions, for particular projects, rather than grants to the institutions a5 general budgetary support. The grant5 are almost always in response to specific budgeted applications from the institutiOn5, The Charity does not make grants whlch promise continued funding in future years. {The exceptions which arise represent donations to the Charty of restricted fund5 earmarked for mulb-.year projects.) ACHIEVEMENTS AND PERFORMANCE Revlew olperfvrmonce ogaln5t objertlves During the year the Charity hdd a number of events which continued to raise awarene55 of the work of NSWaS. The events included: The Intemational Annual General Meeting {IAGMI for Friends Associations almost did not take place this year. With rockets threatening from all directions and no end to the war in 5itht, the leadership of the Vlllage's educational institutions made the difficult decision to cancel tt once aE3in. The British Friends Association stepped in and hosted a very successful IAGM in London. Our own 2024 AGM was held in the prestigious surroundings of the House of Lords. kindly Sponsored by Baroness Janet Whitskw. with 45 attendees. Samah Salaime, the Willage's communications director, was scheduled to speak but was unable to travel due to the situation in15rael, A fundraising film premiere VRS hdd in Soho. featuring Chiklren of Peoce by Village filmmaker Maayan Schwartz- a moving portrayal of what it is like to grow up in Wahat al-salam - Neve Shalom. The Charity ensured that its supporter5 were kept well-informed about NSWaS and the prog$5 of the educational programs that it supported. It published an expanded magazine both in hard copy and electronic format, which was circulated to a mailing list of nearly two thousand recipients. Additionally, it frequently sent emails to provide updates about events and make fundraising appeals. The Charity also used social media to reach and engage a wider audience. Through fundraising and awareness efforts. the Charity gained new mernbers and increased financial resources while promoting NSWaS mission.
BRlS FRIENDS OF NEVE SHALOM - WAHAT AL-SALAM ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 310ECEMBER 2024 Prfnclpolfundlng sources ondhow expendlture hos supported key objertlves Eleven Trusts and Foundations supported the Charity's work in 2024. Of these. three Trusts and number of other donors restritted their grants to specific projects to be carried out at NSWaS. These were.. Primary School: Dperational costs Primary Schod: Psycholo8ical Support In the customary way. the donor5 have received reports on the completed projects in the course of 2024. Voluntary donation5 include resources gained, both restritted and unrestricted. as follows: Major Trusts & Family Trusts Legacies 92.650 4,390 Financtal position The results for the year are set out on page 11. The Charity ended the 2024 year with an UnstrICted fund balance of £254,491 and a restrirted fund balance of £125,810. The Charity provided grant5 totalling £87,130 to NSWaS {2023'. £176.0001 for the specific educational projerts and pro8rammes listed on Page 21. During the yearthe Charity raised £78.10012023: £214,455) of unrestritted revenues. The Charity also raised £93.55612023: £112.942) of restrirted revenue which were donated for Specific projects and programmes conslstent with the CharitV5 mission. The total funds senerated in 2024 were £171.656 compared to £327.397 in the previous year. The reduction in expenditure in the yearwas mainly dueto the reduction in grantsthe Charity provided to NSWaS. The Charity ended 2024 wwth no long-term liabilities. or with any funds in deficit. The Governing Body was satisfied wtth the results and is confident in its capacity to cover its running costs and provide sufficient reseNes as well as to provide funding to meet its stated objettives. Reservès Pollcy The working capttal reserve policy projects the amounts required to achieve an ordedy winding up of the Charity in the event that it5 incoming resources were insufficient to continue supporting these projerts. This has been estimated by the Committee at six months. worth of administrative and support costs of the current operations. amounting to approximately £35.OIXI. As noted above, the Charity ended 2024 wbth unrestrbcted fund reserves in excess of this level. The resource5 of the Charity are always kept at a relatively modest level. Hence the Governing Body considers it prudent to keep all fund5 in low risk interest-bearing bank accounts, primarily atthe Charity Aid Foundations Bank. The Charbty has no intention to accumulate large reserves by holding on to funds that were donated to 5UPPOrt the Charl5 mission.
BRinsH FRIENDS OF NEVE SHALOM - WAHAT AL-SAiAM ANNUAL REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF THE GOVERNING BODY'S RESPONSIBIUT]ES The trustees are responsible for preparing the Trustees, Annu31 Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standants (United Kingdom Generally Accepted Accountin8 Practice). The law applicable to charities in England and Wales requi5 the trustees to prepare financial statements 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 period. In preparing these financial statements. the tru5tee5 are required to: •select suitable accounting policies and apply them consistently", •observe the methods and principles in the Charities 50RP- •make judgements and estimates that are reasonable and prudent; •state whether applicable accounting standards have been followed, subjert to any departures disclosed and explained in the financial statements: and •prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for maintaininE proper accounting records which di5dose with reasonable accuracy at anytime thefinancial position of the charity and to enable them to ensurethat the accounts comply with the Charriies Act 2011. the Charity (Accounts and Reports} Regulations 2008, and the provisions of the trust deed. They are also responsible for safe8uardin8 the assets of the charity arid hence for tsking reasonable step5 for the prevention and detertion of fraud and other irregularities. This report was approved by the Governing Body on I September 2025 and signed on Its behalf, by.. MrTony Hyams (Hon Ta$Urerand Trustee)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRtrisH FRIENDS OF NEVE SHALOM- WAHAT AL-SALAM I report to the charity trustees on my examination of the accounts of the British Friends of Neve Shalom - Wahat Al-salam for the year ended 31st December 2024. vthich are set out on pages 11 to 21. Responsibilities and basis of report As the tru5tee5 of the Charity you are responsible forthe preparation of the CoUnts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in re5pett of my examination of the Charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connettion with my examination which gives me cause to believe that in any material respect: counting records were not kept in accordance with settion 130 of the 2011 Act; or the accounts do not accord with the accounting record5.' or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 otherthan any rUirementthat the accounts glve a 'true and fairview which is not matter considered as part of an independent examination. I have no concerns and have come across other matters in connection with the examination to which attention should be drdwn in this report in order to enable a proper understanding of the accounts to be reached. M Koureas FCCA Hetherington & Co Chartered Certified Accountsnts Second Floor. 289 Green Lanes. Palmers Green. London N13 4XS Dated.. I September 2025 ID
BRITISH FRIENDS OF NEVE SH0 -WAHAT AL-SALAM STATEMENT OF FINANaALAIVITIES FOR THE YEAR ENDED 31ST DECEMBER 20Z4 General Fund Restricted Funds Total 2024 Total 2023 Note INCOMEAND ENDOWMENTS Incoming re50urce5 from generated funds Donations and legacies 60.664 93,556 154.220 305,830 Other Tradin8 Artivitie5 2.164 2.164 8,050 Investment income 15.272 15,272 13,517 Totsl 78,100 93.556 171,656 327,397 EXPENDITURE ON Raising Funds 44.540 44,540 47,730 Charitable expendrture- 33,225 87,130 120,355 209,962 Totsl 77.765 87.130 164,895 257,692 Net income/ (expendlture) for the year 335 6,426 6.761 69.705 Transfer between funds Net Movement in funds fortheyear 335 6.426 6,761 69,705 Total funds brought forward 254,156 119,384 373,540 303,835 Totsl Funds carrled forward 254,491 £ 125,810 £ 380.301 £ 373,540 The notes form part of these financial Statements li
BRMSH FRIENDS OF NEVE SHALOM -WAHAT AL-SALAM BALANCE SHE AS AT 31ST DE MBER 20Z4 2024 2023 Note FIXED ASSETS Tangible Assets io CURRENT A5 Debtors Ch at bank and in hand li 7.515 385.747 11,427 378,258 393,262 389.685 CREDITORS: Amountsfalling due within one year 12 113.845} 116,1461 NEf CURRENT ASSETS 379,417 373,539 NET ASSETS 380.301 373.540 REPRESENTED BY: General Fund Restricted Fund 15 15116 254.491 125,810 254,156 119.384 380.301 373,540 Approved on behalf of the Governlng Body on I September 2025 by: Arfil . Mr Tony Hydm$-Honorary Treasurer and Trustee The notes form part of these financial statements
BRITISH FRIENDS OF NEVE SHALOM-WAHAT AL-SALAM NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLiaES The principal accountin8 policies a(k)pted in the preparation of the financial statements were as follows: 1.1 Basis of Accountlng The flnancial statements have been prepared in accordance th the Accounting and Reporting by Charlties: Statement of Recommended PractKe applicable to Charities preparlng thelr accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffertive 1st January 20151, The Charltles Act 2011 and applicable regulations. The flnancial Statements have been prepared under the historKal c05t convention with items recognlsed at C05t or transaction value unle55 Otherwise ststed in the relevant notelsl to these accounts. The charity meets the defin¢tion of a public benefit entity. The financial statements have been prepared under the historical cost convention wtth items fecognlsed at cost ortransaction value unless otherwise stated in the relevant notelsl to these accounts. 1.2 Going concern The Trustees have assessed whether the use of golng concern basis 15 appropriate and have considered possible events or condltions that might doubt on the abilTty of the Charrty to continue as a going concem. Having Èssessed the Charity'5 future cashflows and projections. the Trustees have concluded that it has sufficient resources to continue in operational existence for the foreseeable future and tonspquently It appropriate to contlnue to adopt the going tontern basis In preparlng its financial staternents. 1.3 Income Voluntary income includin8 donatlons, gifts, legacies orgrdnts from varfous individuals corporations and charitable foundations are recognlsed where there is entitlement, any conditlons attached to the item{sl of income have been met, tt is probable that the income will be reIved and the amount can be measured reliably. Such income 15 only deferred when: al The donor specifies that the 8rant or donation must only be used in future accounting periods. bl The donor has imposed conditlons whlch must be met before the charlty has unconditiona5 entitlement. Income 8enerated from fund ralslng events is recognised when eamed. Income tax recoverable In relation to donation5 recelved under gift aid or deed5 of covenant 15 recoBllised at the time of the donation. All Incoming resources are reported gross before expenses. For Leg3cie5. entitlement is tsken as the earlier of the date on which either: the charity is aware that probate has been 8ranted. the estate has been finalised and rM)tification ha5 been made, or when a distribution is recelved from the estate. Receipt of a legacy In whole or in part is only considered p)babIe when the arnount can be measured reliably and the char]ty has been notified of the executor's intention to make a distribution. Where legacies have been notifted to the chaiity. or the charity is aware of the granting of probate and the criteria for incorne recognition have not been met, then the legacy Is treated as a contingent 13
BRITISH FRIENDS OF NEVE SHALOM -WAHAT AL-SALAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315T DECEMBER 2024 ACCOUNTIIYG POIICIES IA Donoted services andfvcilities Donated services and donated facilities are recogni5ed a5 income when the charity has control over the item, any conditions associated with the donated item have been met. the receipt of economic benefit from the use by the charity of the item is probabte and that economic benefrt can be measured reliably by the Governing Body of Trustees using best estimates.. IS Interest recelvoble Interest on funds held on deposit is included when recetvable and the amount can be measured reliably bythe charty- this is normally upon notification ofthe interest paid or payable by the bank 1.6 Expenditure and irrecowemble VA T Expenditure is recogni5ed once there is a le8al or con5truttive obligation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings: Cost of raising funds are those costs incuThed in attracting voluntary income. Expenditure on charitable activities includes all direct costs incurred to further the purpose of the charrty together with assoaated sUPPOrt cost5. Other expenditure represents those items rt falling into any other heading. Grants payable refer to payments made to third parties in furtherance of the charitable objectives of the Charity- Grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the Governlng Body have agreed to pay the grant wtthout condition, or the recipient ha5 a reasonable expectation that they will receive a grant and the condition attaching to the grant is outside the control of the Governing Body. Provision for grant5 are made when the intention to make a grant has been communlcated to the recipient unless the 15 uncertainty about either the timing of the grant or the amount of the grant payable. Irrecoverable VAT is charged as a c05t against the artivity for which the expenditu was incurred. 1.7 Taxatlon ond Mis¢elknneou5 As the charity Is a registered charity it is not liable to income tax on its charitable activities {and it does not undertake any non-charttsble trading). The charity is unable to recover VAT, and all expenditure is thu5 Stated inclusive of VAT Whe applicable. other policies are explained within the notes on specific aspects of the accounts. 1.8 Allocatlon ofsupport costs Support costs are those functlons that a55i5t the work of the charity but do not directly undertake charttable activitie5. Support Costs include office costs. finance. personnel, payroll and governance c05t5 which support the charity's artivities. These costs have been allocated between cost of raising funds and expenditure of charltable activities and the bases on which the support have been allocated are set out in note 5. 14
BRITISH FRIENDS OF NEVE SHALOM -WAHAT AL-SALAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES 1.9 Tanglblefixedassets All tangible ftxed asset expenditure is capitalised at cost. Provision is made for depreciation on all tangible fixed assets. at rates calculated to write off the c05t or valuation less residual value of each a55et over it5 expected usefvl life a5 follow5: Office equipment and furniture 25%. 1.10 Impolrmentoffixed055ets At each reporting end date. the charity reviews the carrying arnounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.11 Cash andcosh equivolents Cash and cash eqLJivalent5 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. Bank overdrafts are shown within borrowings in current liabilities. 1.12 Flnanclollnstruments The charlty has elected to apply the prowsions of Section 11 'Basic Financial Instruments, and Sertion 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial in5trumerts are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts present in the financial statements, when there is a legally enforceable right to set off the 0gl$ed amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneousty. 1.13 Basicfinonciol assets Basic flnancial assets, which include debtors and cash and bank balances, are initially measured at transaction price incl uding transaction costs and are subsequently carrled at amortised cost uslng the effective interest rnethod unless the arrangement constitutes a financing transaction. where the tran5artion is measured at the present value of the fUth recelpts discounted at a market rate of interest. Financial assets classified as receivable within one year are not artIsed. 1.14 Baslcflnanckil Ilobllltles Basic financial liabilities including credttors and bank loans are initially recogntsed at tran5attion price unless the arrangement constitutes a financing transartion, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilitie5 classified as payable within one year are not amortlsed. Debt instruments are Subsequently carried at amortised cosL using the effective Intest rate method. Trade creditor5 are obligations to pay for goods or services that have been acquired in the ordinary cour of operations from sUpplr5. Amounts payable are classified a5 current liabilities if payment Is due within one year or less. If not. they are presented as non-current liabiltties. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effettive interest method. 15
BRITISH FRIENDS OF NEVE SHALOM -WAHAT AL-5ALAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POUCIES 1.15 Derecognition oAfinanclol Ilobllltles Financial liabilities are derecognised when the Charity's contractual obligation5 expire or are discharged or cancelled. 1.16 Leoses Renta15 paid under operatin8 leases are charged to the Statement of Financial Activities in the period to which they relate. 1.17 Employee benefits The cost of any unused holiday entitlement 15 reco8nised in the period in which the employee's services are received. Termination benefrts a recogni5ed immediatdy as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Retirement beneffts Payments to defined contribution retirement benefit scheme5 are charged a5 an expense as they fall due, 1.18 Fvnd uccounting Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestritted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor ha5 specified are to be solely used for particular areas of the charity's work or for spetific projects being undertaken by the chority. 1.19 Critical accountlnq e5rfmotesandJudgements In the application of the charity'5 accounting policies, the trustees are required to make judgements. estimates and assumption5 obout the carryin8 arnount of assets and liabilities that are not readily apparent from other sources. The estimates and associated a55uniptions are based on historical experience and other factors that are considered to be relevant. Actual results rnay differ from these estimate5. The estimates and underlying assumptions are reviewed on an 0d0[g basts. RevisIor 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. 1.20 Foreign eKhonge Asset5 and liabilitie5 in foreign currencies are are translated into 5terlin8 at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into steAin8 at the rate of exchange rulin8 at the date of transaction, Exchange differences are taken into account in arriving at the operatln8 re5uIt. 16
BRITISH FRIENDS OF NEVE SHALOM -WAHAT AL~SALAM OTES TO THE FINANCIAi STATEMENTS FOR ThE YEAR ENDED 31ST DECEMBER 2024 DONATIONS AND LEGACIES General Fund Restricted Funds Total 2024 Total 2023 Donations from individuals. charitable trusts and other institutions 56,274 93.556 149.830 126.044 Legacies 4,390 4,3 179,786 60.664 93,556 154,220 305.830 TRADING AcfiviTIES General Fund Restrftted Funds Total 2024 Total 2023 Events, concert, visits etc. 2,164 2,164 2.164 2.164 8,050 8,050 INVESTMENT INCOME General Fund Restrirted Funds Total 2024 Total 2023 Bank Interest 15.272 15.272 15,272 15,272 13,517 13,517 17
BRITISH FRIENDS OF NEVE SHALOM -wAT AL-SALAM NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2024 ALLOCATION OF SUPPORT COSTS (INCLUDING GOVERNANCE co$) The charity initially identifies the costs of its support function5. It then identifies those costs which relate to the 8overnance function, Having identified its govemance costs. the remaining support costs are apportioned between charitable attivities undertaken in the year. Refer to the tsble below for the basis of apportionment and the analysis of support and governance costs. Basis of allocation Support Costs Total 2024 Totsl 2023 Govemance Staff costs Independent examiners fee Trustees meetin85 Communlcation Printin& postage and stationery Premises costs Depreciation Bookkeeping Travellin8 costs Other costs Time 15.168 7,997 5,5&J 506 23,165 5.560 506 5.034 29 22.653 5,150 766 5.898 572 4,666 193 usage usage usa8e Usage 5,034 29 2.395 2g4 usage usage usage 2,395 294 2,844 441 501 40,769 2,676 388 994 43,956 Usage 441 usage 501 26.706 14.063 COST OF RAISING FUNDS General Fund Restricted Funds Total 2024 Total 2023 Direct staff costs Dirert Costs of events Allocated support costs 14.533 13,237 16,770 44,540 14.533 13,237 16,770 44,540 13.469 Is,iii 19,150 47.730 ANALYSIS OF CHARITABLE EXPENDITURE Infomiation and education Grant funded activity Total 2024 Total 2023 Grants-(see note 8) Direct cost5 - Staff Direct costs- Other Allocated support cost5 87,130 87.130 8,632 594 23,999 176,000 8.043 1,113 24,806 8.632 594 23,999 87.130 33,225 120,355 209,962 For the year ended 31st December 2024. charitable expenditure was £120,355 (2023: £209,962) of which £87.13012023'. £176.(X)O} was expenditure from restricted funds. 18
BRITISH FRIENDS OF NEVE SHALOM -WAHAT AL-SALAM NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st DECEMBER 2024 ANAIYSIS OF GRANTS FUNDED Restricted Funds General Total Total Funds 2024 2023 School orpeoce SFP General Prim17 school Teachers Salaries PS General Psych Support 70.000 70.000 35,000 141,000 17.130 17,130 Pluarlistic S irituol Centre Pluarlistic Spiritual Centre 87.130 87.130 176,0(KJ ANALYSIS OF STAFF COSTS 2024 2023 Salary Recruitment costs Trainin8 costs Pension contribution5 45,356 42.120 1,140 974 46.330 44,166 The avera8e number of employees during the year was 212023: 2}. No member of staff earned more than £60.000. The Trustees did not receive any remuneration or benefits in kind (2023: £Nil). Reimbursement of trustees expenses is disclosed in note 17. TANGIBLE FIXED ASSEfs Offe Equlpment Cost.. Balance broughtfon¥ard Istjanuary 2024 Addition5 in the year Disposals At 31st December 2024 883 1.178 2.061 Depreciation: Balance brou8ht forward 1st January 2024 Dlsposals in the year Charge for year At 31st December 2024 882 295 1.177 Net book value at 31st December 2024 Net book valueat 31st December 2023 19
BRITISH FRIENDS OF NEVE SHALOM -WAHAT AL-SALAM NOTES TO THE FINANCIAI STATEMENTS YEAR ENOED 31sr DECEMBER 2024 2024 2023 li DEBTORS Taxation recoverable Sundry debtors and prepayments 2,528 4,987 7,515 7,016 4,411 11.427 12 CREDITORS- AfvIOUNTS FALLING DUE WITHIN ONE YEAR Social securtty costs payable Other creditor5 and accruals 2024 2023 1,809 12,036 13,845 2.019 14,127 16,146 OPERATING LEASE COMMIThIENTS At the reportin8 end date the charity hatl outstanding commitments for fijtu minimum lease payments under non-cancellable operating leases which fall due as follows: 2024 2023 Within one year 118 118 iii iii ANALYSIS OF ASSEfs BEtWEEN FUNDS General Funds Restrirted Funds Total Fixed assets Current assets Creditors 884 393,262 113,8451 380,301 267.452 113.8451 254.491 125,810 125,810 15 FUNDS A5at 1.1.2024 Incoming Resources Outgoing Resources Inter-Fund Transfers Asat 31.12.2024 General funds 254.156 78,100 177,765) 254,491 Restrlcted School For Peace General Graduates Rebuild 2.500 2,500 2.3(Ki 250 2,550 Pluarlistic S irituol Centre Programme for Religious Leaders Primo School Home teacher's salary General Playground Psych Support PS khorarships 735 111.007 250 70.000 (70.000) 735 111,007 250 1,878 6,890 380,301 19,008 4,298 171,656 {17.130) 2,592 373.540 1164,8951 20
BRITISH FRIEf4DS OF NEVE SHALOM -WAHAT AL-SALAM NOTES TO THE FINANCIAL ATEmENTs YEAR ENDED 31ST DECEMBER 2024 16 RESTRicfED FUNDS school For Peace GenemlSfP Fund This fund relates to donations restricted to the School for Pee but for no specific pro8ramme. Rebuild Fund The fund relates to monies specifically donated to aid the rebuild folk)wing the suspected arson attacks at Neve Shalommlahat-al-salam in 2020. Pluarfisti¢ Splrltual Centre This relates to the monies donated and expended towards the Programme for ReliEiOUS Leaders. Prlmary 5¢hool Primary school teochels solory The fund relates to monies Specifically donated towards the cost of teacherfs salaries at the primary school in Neve Shalom- Wahat Al-salam. Generol PS Fund This fund relates to donations restricted to the Primary Sch1 but for no specific programme. Playground The fund relates to monies received towards the cost of building a new playground. P5ychologicolSupport The fund relates to monies received towards psychological sUPPOrt for staff and parents at the primary school following the 7th Ottober 2023 brutalitie5. P5 Scholorships The prlmary school secures basic fundin8 from the Isr11 Ministry of Education: however. we condurt targeted fundraising efforts to specifically 5UPPOrt the bilingual education programme and the unique educational initiatives. 17 RELATED PARTY TRANsAloN5 Oonation5 received from related parties ITru5tees and connected parties) for the year totalled £67012023.. £2,620). During the year the charlty paid £Nil12023.' £Nill for Trustee travel and CoMmodation expenses. 21