COMPANY NO. CE014988 (ENGLAND AND WALES) CHARITY NO. 1179708 (ENGLAND AND WALES} THE SHINE FOR SHANI CHARITABLE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS For the Year Ended 31 December 2023
THE SHINE FOR SHANI CHARITABLE FOUNDATION CONTENTS Page No. Reference and adminislrallve details of the charity, ils Directors and Trustees Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes lo the accounts 9-11
THE SHINE FOR SHANI CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY Reglstered charity number 1179708 (England and Wales) Company number CE014988 (England and Wales) Governlng docum&nt CIO Constitution registered on 29 August 2018 Directors and Trustees Simon Berman Juliet Berman Geoffrey Jayson Judith Friedman Daren Gordon Avner Radomsky The above served as Directors and Trustees durfng the year ended 31 December 2023 Indèpendènt examlner Piyush T8nna M8gus Charter8d Aecountanlg 134 Bucknngham Palace Road London SW1W 9SA Prlncipal address 32 Hampstead High Street London NW3 1QD Bankers Nalwest Bank plc Borehamwood Leicester Customer Service Centre Bede House 11 Western Boulevard LE2 7EJ
THE SHINE FOR SHANI CHARITABLE FOUNDATION ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The directors, as trustees of the charity, present their annual report and financlal statements for the year ended 31 December 2023. Hlstory In 2017. events were held to raise funds solely for Great Omond Street Hospitsl for Children. It was decided that a more fomial approach was appropriate, with a wider remit lo raise funds to improve the health and life chances of children with heart conditions, whilst still supporting the work done al Great Ormand Street. The Shine for Shani Foundation was created for this purpose on 29th August 2018. Structure. Governance and Management The Shine for Shani Charitable Foundation 18 registered with Companies House (No. CE0149881 and the Charity Commission (No. 1179708) and is constituted by a Charitable In¢orporaled Organisation governing document executed on 29 August 2018. The company is limited by guarantee and has no share capital. The memb8rs of the company are prohibited from receiving any share of any surpluses Ihe company may make. these being retained to fvrther ils charitable objectives. The company is wholly dependent on charhable donations and events to carry out ils activities. 11 is the board of trustees who make decisions on strategy and finance. The Irustegs meet on a regular basis. The financial statements have been prepared in accordance with the accounting policias set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and Statement of Recommended Practice.. Accounting and reporting by charities preparing their accounts in accordance wllh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 published in January 2019. The Charity Is administered by a management committee, who are all Directors, and Trustees, comprisiru.. Simon Berman (Chairman} Juliet Berman Geoffrey Jayson Judith Friedman Daren Gordon Avner Radomsky Oblectlves for the publlc beneflt The aims of The Shine for Shani Charitable Foundation include the following.. To improve the Health and Life chances of children with Heart conditions, primarily by supwrting research into paediatric cardiology.. Any other purposes (whether effected or lo be affecledl as shall for the time being charitable according lo the laws of England and Wales.. Nothing in the constitution shall aulhorise an application of the property of the CIO for purposes which are not charllable in accordance w((h section 7 of the charities and trustee investment (Scouandl Act 2005 and section 2 of the Charities Act (Northern Ireland) 2008.
TPIE SHINE FOR SHANI CHARITABLE FOUNDATION ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees have paid due regard to guidance in relation to Public Benefit issued by the Charity Commission in deciding wh81 activities the charity should undertake. The Trustees arg of the opinion that il has fully complied with all such guidance. Revlow of the period The overall income for the year was £84.334 12022.. £50,681) and expenditure amounted to £61,993 {2022.' £40,365) consisting of donations of £58,041 12022-. £38,500) and costs £3,952 12022.. £1.8651. resulting in a surplus for the year of £22,341 12022.. £10,316 surplus). Reserves have thus increased lo £49,335 from £26,994. During the year the charity carried out a 'Pulse Challenge 2023. program lo raise fijnds for a Great Ormond Street Hospital. An amount of £50,00012022: £35,000} was paid as a donation lo Great Ormond Street Hospital during the year The charity additionally made a donatlon of £8,041 {2022: £3.500) to Schneider Childrens Medical Cenler. Golng Concern 11 is the opinion of the Trustees that the charity is a going concern, and they are aware of no material uncertainties which may affect ils abilities to continue as such for the foreseeable future. These accounts rellect the pogltion at 31 December 2023. Recrultment ol Trustoes and trainlng Thg composition of the Charity's board of Trustees is to be reviewed regulady with a view to achieving a spread of expertlse and age designed to facilitate the achievement of the Charity's objects. The Trustees keep up to date on their responsibillties by various means. such as reviewing the Charity Commigsion web sile, reading relevant periodicals and providing professional advice. The Trustees always recruit those with the requisite skills in the area where the charity operates. The Trustees consider the Board of Trustees as comprising the key management personnel of the charlty. All Trustees give their lime freely and no remuneration was paid in the year. Reserves pollcy The Trustees have been dependent on support from donations lo commence the activities of the charity and thereafter have carried out several fund-raising activities. The Reserve5 al present are sufficient lo support ongoing expenditure lo hold events. The Trustees aim, if possible, lo increase the reserves to provide a cushion. The free Reserves at the yearend amounted to £49,33512022: £26.9941. Rlsk lactors The major risk lo the charity achieving its primary aims is failure to oblain the present degree of sponsorship and donations, particularly due lo the cosl-of-living crisis. The Trustees aim to mitigate this by careful planning of events and other fundraising activities, including events which comply with Government Covid-19 reslriclions and direct fundraising campaigns.
ANNUAL REPORT FOR TrE YEAREKSI Trustoes. rnsponsiblllti•S :, Th8 chaiity Cirnctors and TrteeS are resp)rlIe fof wepar5rvJ a annual rewt and ' fin8nd81 statwr1ts In 8c4x)rdanGo vath BcatI0 law a1 UK accountiThJ Star (United. iangdom gener81ty awed a(Urrtirj wacuce). The kw aFp4catrAe to ¢haiiti85 In EngkrKI and Wales requires the th8rity Trustees to wepare financaal slatern8nts for e8ckn financ4al year whlch give a true and f81r view of the state of affaits of tho charity a1 Of1 incornir¥J resout¢as aThJ apFIltIon of reSoUrS of the ¢8Tly for that year. . In prewing those finanaal statem8nts, the Tnistees are Iwuirtyj to: :. "'" "' select sukable acccwrty poldes and then aF them 1stenty. ,. . oIwNe the nthods arKI IncIpleS in the applicaN8 tharibes SORP ::.: make 1jgeM8nts and e5tlmates that are reaSOtrAe arrfl rmxjent, .: stste ther accounting starKlards have en followed,. subjec to. an .. ntertaI departures disclctsed arAI exFl&ned in the finan(ial ststeffonts..: '. ryepare the finandal statements on the gixng c¥)ncem basks unless It Is inapwowiate t FyeSUn Ihat charity ¥ll continue In tAU'ness. The Trustses arè responslble for keeFiro woper acCJri recoth whsth. dlscktse wlt reasonabla.accurncy at any time the financial posttion of the tharlty arxl to enabl8 them to ensur Ihat the firAnaal statements ccThpty *ith the Charilies Ad 2011. the apF.¢81a: Charit5" .{Amints arKI Reports) Regulations, arKI r¥fNNorfj of the Tn dwJ: .They:8rè iesponsitAe for salard1 the assets of the chaiity and for tskiTrJ re85(xth stsF6 f the prevenllon 8rKI detedlon of fraj arKI other irregukiilies. .'Approvèd ty the Trustees on 24 Odober 2024 on their i)ehalf lry:" S,L Berrnan:.:54
THE SHINE FOR SHANI CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I report lo the Trustees on my examination of the on the financial statements of The Shlne for Shani Charitable Foundation {company charity) for the year end8d 31 December 2023 which are set out on pages 7 10 11. Responslbllltles and basls of report As the Trustees of th8 charity, you are responsible for the preparation of the financi81 slalemenls in accordan with the requirements of the Charities Act 2011 I'lhe 2011 Act'l. I report in respect of my examin8tlon of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all Ihg applicable Directions given by the Charity Commlssion under section 14515llbl of the 2011 ACL An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, l express no opinion as to whether the financial statements present a 'lrue and fair view, and my report is limited lo those specific matters sel out in the independent examiner's stalgmenl. Independent examlnef $ statement I confimi that l am qualified to undertake the examination because l am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have compteled my examination. I confirm that no material matters have come lo my attention in onneclion with the examination giving me reasonable cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by settion 130 of the 2011 Act., or the financlal statements do not accord with thos8 records., or the financial statements do not comply with the applicable requirements conceming the form and content of financial slalements set out in the Charities (Financial statements and Reports) Regulations 2008 other than any requirement that the financS81 statements give a 'lrue and fair view, which is not a matter considered as part of an independent examination.
THE SHINE FOR SHANI CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES, ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I havè no concems and have come across no other matters in connection with the examination lo which attention should be drawn to this report in order lo enable a proper understanding of the nancial statements to be reached. iyush Tanna F The Institute of Chartered Accounlanls in England and Wales On behalf of Magus Chartered Accountants 134 Buckingham Palace Road London SW1W 9SA 24 October 2024
THE SHINE FOR SHANI CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Funds 2023 Unrestrlcted Funds 2022 Note Income Income from eharilable activities 84,334 50.681 To181 income 84.334 50,681 Expenditure Expenditure on charitable activities 161,9931 140.3651 Total expenditure 161,993} 140.365) Nel lexpendilurel fincome and net movement in funds 22,341 10,316 To181 funds brought forward 26.994 16.678 Total fvnds carried forward 49,335 26,994 Thè* un8Lidited financial Statements haye been 3ubj•cted to independent examination. See res on pages5-6
' THÈ sNE FOR SHANI CHAMTABLtFO" BALANCE SHEEr FOR THE YEAR ENDED 31 DECEMBER 2023 2022 Current assets Cash at Bank Current IlabS1ities: Amounts due within one year Cr&litors . . Not ¢ajent assets Net &15 ' 26,994. The lunds of the chaiitr. Unrestiicted funds 49,335 Total funds . Th& comnY was enbtled to exerryion from a111 under $477 ofthe crIeS Act 20. .' , rdatir¥J tO.5rrAI o)rrw)les. The memters have not rffjrBd tha company to obtain an.aurfrt iri accordan Conwanies Act 20CE, ' . ' Imth S476 of the The (thrertors ackn¢hyledge their responsÈtrAlitie5 for con¥tyirYJ with rul[e ofthe . ComFqnles Act vrtth respect to acccrtmting recoffls and the preparnon of the 8¢0)Un . These accounts have been prepared In accordance with thé wovlslons appble to snMII :. companies subj.ect to the small conwy's regime and In accordance voth FRS1 Q SORP.": . .The financaal stateiwts ¢n Fo96s 7 to 11 We by the Tntea& ts Issue ( 24Qc4ober 2Q4 S L Bemwn , C¥rerknr;and.Tr":' , Dlrector 8TKI Tnxtg8 . urwtthl¢d firtandal btat•nerts havo been iutr4"¢ded to: Inthwiknl axwnlna¥orn See reprt .
THE SHINE FOR SHANI CHARITABLE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basls of accountlng The accounts have been prepargd under the hIStoCal cost convenllon with items recognised at the cost or transaction value unless otherwise slated In the relevant note to these accounts. Tho financial statements are prepared in steding, which is the functional currency of the Trust. Monetary amounts in these financial ststemgnls are rounded to the nearest £. The accounts (financial slatemenlsl have been prepar8d in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable In the United Kingdom and Ropublic of Ireland {FRS 1021 and the Charities Act 2011 and the financial reporting standard applicable in the United Kingdom and the Republic of Ireland The accounts (financial slatementsl have been prepared lo give a 'lrue and fair, vlew and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the 8xlenl required lo provide a true and fair view. This departure has involved following Accounting and Reportlng by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republits of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statemènt of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The charity constitutes a public benefit entity as defined by FRS 102. The charity Is a company limited by guarantee that is registered in England and Wales. Going Concern The charity was able to run public events following the Government's Covid-19 lockdown restrictions in the previous years. As a consequence, the Iruslees were able to raise funds via these events and via general donations enabling them so far lo fulfil their grant pledges. The tmstees intend to plan events for the future which will be adaptable to Covid-19 government restrictions and the cosl-of-livin9 CriSIS. Accordingly. it is the opinion of the directors and trustees that the charity is a going concern. and they are aware of no material uncertainties affecting ils ability lo continue as such for the foreseeable future. Thèse unaudited finanoal stotemenls have been subjected to independent $xamination. See report rin pages 5- 6
THE SHINE FOR SHANI CHARITABLE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES (CONTINUED) Income Income r8presents the total income recelvable during the year comprising of donations. All income is included in th8 Slalement of Financial Activities when the charity is legally entitled lo the income, it is probable that the income will be received, and the amount can be measured reliably. Interest on funds is Included when receivable and the amount can be measured reliably by the charity.. this is normally upon notification of the interest paid or payable by the bank. Expendlture Expendllure is accounted for on an accrual basis and inclusive of any VAT. Charitable activitie$ include expenses relating to the charty's aclivilies. These costs include both dlrecl (L)sls and support costs relating lo these activities. Governance eosts Governance costs comprise all costs involving the public accountability of the charty and ils cornpliance with regulation and good practice. These costs include costs related to independent examination and legal fees and are included in expenditure on charitsble activities in the Statement of Financial Activities. Fund a¢countlng Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Trustees in furtherance of the g9neral charitable objectives. IrreGoverabl• VAT The charity is not registered for VAT, therefore irrgcoverable VAT is included with the costs to which il relates. Taxatlon The Shine for Shani Charllable Foundation is a company and a reglstered charity, and as such ils income and gains falling within Sections 471 10 489 of the Corporation Tax Act 2010 or Section 256 Taxation and Chargeable Gains Act 1992 are exempl from Corporation tax to the extent thai they are applied to its charitable objectives. Thèse unawlited financial st8tgrngnts have been subjected to indep&ndent &xamination. SeB report on pages5-6 10
THE SHINE FOR SHANI CHARITABLE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incomè from charftable activltle5 2023 2022 Income from events Other donations and fundraising acb'vities 67,621 16.713 35,446 15.235 84,334 50,681 Expenditure on Charftable activlt16$ 2023 2022 Bank charges Event costs Donations paid Printing, stationery, and website fees 28 3,521 58.041 403 15 1.850 38,500 61,993 40,365 Stsff costs Apart from the dir8clors, Ihere were no employees in the year under revi8W. Analysls of charltable funds At 01 January At 31 December 2023 2023 Income Expendlture Unrestricted funds 26,994 84.334 161,9931 49,335 Total funds 26,994 84,334 161,9931 49,335 These unaudited finanaal statements have been subjeclÈd to independent exarnination. See report onpages5-6