COMPANY NO. CE014988 {ENGLA14D AND WALES) CHARrrY NO. 1179708 (ENGLAND AND WALES) THE SHINE FOR SHANI CHARITABLE FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS For the Year Ended 31 December 2024
THE SHINE FOR SHANI CHARITABLE FOUNDATION CONTENTS Page No. Reference arKI administrative details of the tharty. its Directors and Trustees Annual Report 24 Independent Examinerfs Report statement of Financial Activth"es Balaneè Sheet Notes to the accounts 9-11
THE SHINE FOR SHANI CHARITABLE FOUNDATION REFERENCE AND ADPJJINISTRATJVE DETAILS OF THE CHARir Registered charity number 1179708 IEng18nd aThJ Wales) Company numbèr CE014988 (England and Waks) Governlng document CIO Consliiubon registered on 29 August 2018 Dlr•¢tors and Trustees SinK)n Berman Juliet Bennan Geofftey Jayson Judrth Friedman Daren Gordon Avner Radomsky The above seNe(l a¥ Oirectors and Trustees during the year end1 31 December 2024 Indenthnt examlnor Pryush Tanna MuS Chartered Accountsnts 134 Bud(ingham Pala Roa London SW1W 9SA Principal addrgss 32 Hampstead High Street London NWJ 1QD Bankers Natwesl Bank p BorehamwcM)d Leicester Custr>mer Service Centre Bede House 11 Westem Boulevard LE2 7EJ
THE SHINE FOR SHANI CHARITABLE FOUNDATION ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The directors, as trustees of the charity. present their amual rem and finanaal statements for the year ended 31 December 2024. History In 2017, events were held lo raise fijnds solety for Great Ormond Street Hospital for Children. It was decided that a more fomal approach was appropriate, wth a wder remit to raise funds to imp¥ove the health and lrfè opportunitses of children wlh heart condon$. whilst still supporbng the work done at Great Orniond Street. The Shine for Shani Foundats'on was uèatèd for this purpose on 29" August 2018. Structurn, Govemance and Manag¢n¥ent The Shine for Shani Charitable Foundats'on is registered with Companiès House {No. CE0149881 and the Charty Commission (No. 1179708} and is constitLrted by a Charilable Incorporated Organisalion governing document exeth on 29 August 2018. The company is limited by guarantee and has no share caprtal. The membets of the company are prohibited from receiving any share of any surpluses tr* company may make. these being retained to further its charitable objectives. The company is vtholly dependent on tharItab donab"orB and entS lo carry out its aetivrtie3. It is the board of tnjstèes who make fJery"sions on strategy and finance. The trustees meet on a regular basis. The financial statements have been prepared in accordarKe wrth the ac(x)unting poliaes set txjt in note 1 to the ffinanaal statements arKI comply wtth the charity's governing document. the Charit1È5 Act 2011 and Ststemènt of Recommended Pracbce." Accounting and reporting by chanties preparing their accounts in aco)rdance with the Finanual Reporb'ng Standard applicable in the UK and Republic of Ireland IFRS 1021 published in January 2019. The Charity is administered by a management o)mmrttee. who are all Directors. and Trustees. comprising.. Simon Bernian (Chairman) Juliet Beman Geoffrey Jayson Judith Friedman Darèn Gordon Avner Radomsky Objectives for the publk nefft The aims of The Shine for Sh8ni Charitabkn Foundation include the followng.. To improve the Hearth and Lrfe dre5 of ¢hildTen with Heart conditr)ny, primarily by supporting research into paediatric cardiology.. Any other purposes (whether effected or to be affettedl as shall for the time being charitable according to the laws of England and Wales.. Nothing in the consbtution Shall aLrthorise an application of the property of the CIO for purposes which are not tharitable in accord¥n¢x with seclion 7 of the charib.es and truste investThEnt Iscouand) Act 2005 aTrJ sethon 2 of the Charities Act (Northèm Ireland) 2008.
THE SHINE FOR SHANI CHARITABLE FOUNDATION ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees have paid due regard to guidan in l0"0n lo Public Benefft issued by the Charity Commission in deuding what a¢b"vrties the charity shouly undertake. The Trustees are of the opinion that rt ha8 fvlly complied with all such guidance. Reviaw olthe pgrlod The overall income fol the year was £35.896 12023- £84.3341 and expendtture amounted to £41,548 12023.. £61.9931 consisting of donatsons gf £38,284 12023.. £58.0411 and costs £3,264 12023.. £3,952). resutting in a deficit for the year of £5,652 {2023'. £22.341 3urplusl. Reserves have thus deueased to £43,883 from £49.335. During the year the charity carrd out a 'Football Marathon 2024. program to raise additional fijnds. An amount of £7,000 12023.. £50,000) was paid as a donation to Great Ormond stet Hospital during the year The charity addrtionalty made a donalion of £31,284 12023.. £8,041110 Schneider Childrens Medical Cenler. Golng Concern 11 is the opinion of the Trustees that the charity is a going o)ncem, and they are aware of no matefial uncertainties which may affect its abilth.es to conts.nuè as such for the foreseeable future. These accounts rèfle¢t the pOSrt at 31 December 2024. Recrultment of Trustees and tsining The composrtion of the Charity'$ board of Trustee$ is to be reviewed regularty with a view to achieving a spread of expertise #nd age designed to faulrtate the achievement of the Charity's objects. The Tnjstees keep up to date on thwr responsibilrties by various means, $uch as reviewing the Charity Cofflmission web site. reading rdevant periodicals and providing profèssional advKe. The Trustees avaYS recrurt those with the requisite skills in the area where the charty operates. The TnJ5tees eon$ider the Board of TfUStees as ¢omprising the key management personnel of the charty. All Trustees gwe their b.me freety and no remunerab.on was paid in the year. Resgr¥•s policy The Trustees have been denderrt on support from donations to c¢mmence the activities of the charity and thereafter have carried out several fund-raisiivJ a(*vities. The Reserves at present are suffiaent to support ongoing expenditure to hold events. Th8 Tiustees aim. rf possÉble. to in¢#se the reserves to provjde a ojshion. The free Resetves at the year-end amounted lo £43.68312023." £49.3351. Rijk factora The major risk to the chanty achieving its primary aims 1$ failure to obtsin the present degree of spgn50rship and donatrons, p3rtt"¢ularfy due to the cost-of-living crisis. The Trustees aim to mrtigate thi5 by Careful planning of events and other fijndraising aCtiV"e$.
THE SHINE FOR SHANI CHARABLE FOUNDATION ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees, respon8ibilitles The charity Directors and Trustees are restM)Nble for weparir#J a Tntstees annual report aThJ finanaal statements in accordance aFO'Jxble law arxl UK arxxxJnkn'TrJ staThJards (United Kingdom generally accepted accountirwJ wa¢e). The law appliCae to Charities in ErolarKI aThJ Waks requires the Tntstees to prepare finanaal statements for each fjnanaal year grwe a true and fa view ofthe state of affairs of the charity and ofthe InmIr0 resources and aFWvtion of resource8 of the Larity for that year. In preparing those financ4al statemen15. the Tnjstees are required to: select suitable accowrtirvJ FKAiue5 arxl then them ryxtsthrty. observe the Methj8 and pn'naples in the aPThLe Ghantie5 SORP make judgements and eslimates that are re&sonable aThJ wudent state vthether applicable ac¢ountirYd slandards have teen fou1m, suLyeGt to any material deparbJFes d¢10$& and explained in the finanGial statements. prepare the financial stements on the goir¥J corwn tsis unless * r& inapwolxth to presume that the charity viill conb"Ne in trne5& The Trustees are reSporIble for keerAro accx)untry recoTts thich dclOse with reaSonae accuracy at any time the ftnancial posth.on of the carity and to enable them to etsLtre that the financial ststements compty wth the Charithes Act 2011. the appIlble Charities {AOUnts and Rerts) Regulation5. aThJ the prov10nS of the TnBt deed. They are also resporBible for safeguarding the assets of the tharity hence kn tsking reason*k Ste for the prevention and detection of fraLKI aThJ clher irJUlaTities. Approved by the TnJ&ees on 24 0(Xoter Z125 s¥Jned on their behalf by: S L Bemian an Trustees
THE SHINE FOR SHANI CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 I report lo the Trustees on my examination of the on the finanual statefflents of The Shine for Shani Charitable Foundation (company charity) for the year ended 31 Dmber 2024 which are ¥el out on pages 7 to 11. Re5ponslbllities and basls of report As the Trustees of the charrty. you are responsible for the prepar*ion of the finanaal statements in accordance with the r¢quirements of the Charilies Act 2011 Ilhe 2011 Act'i. I report in respect of my examination of the charTty's finanual statements carried out under section 145 of the 2011 A¢t and in carrying out my examinab.on I have followed all the applicabla Directions given by the Charity CommissK)n urKler section 145151{bl of the 2011 Act. An independent examinab.on does not involve gathering all the ewdence that would be required in an audit and consequenlty not cover all the matters that an auditor considers in giving their opinion on the financaal statements. The planning and condutt of an audit goes beyond tha limited assurxnce that an independent examination can provide. Consequenuy, l express no opinion as to whethèr the finanaal stslements present a ttnje and fair view, and my report is limited to tho¥e speofic matters set out in the independent examinefs statemenL Indownd•nt •xJminorfs statsment I confimi that l am qualffied to undertake the exam1nats.c because l am a member of The Institutè of Chartered Ac£ountsnts in Englafj and Wales, whKh is olthe listed bodies. I have complete¢J my examinats"on. I (nfim7 that material matters have comè to my attention in conne10n wtth the examination giving me reasonabk cause to believe that in any matèrial respe¢t.' accounting records were not kept in respect of the thaiity a$ required by $Ktion 130 of the2011 Acl" or the finan¢ial statements do not accord with those reojrds.. or the financial statements do not ¢ompty the applicable requirements concerning the form and content of fin3nty81 statements set out in the Charitiè5 (Financial statements and Reports) Regulations 2008 other than any requirnent that the financAal statements give a Inje and fair vthich 1$ not a matter consklered 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 2024 I have no concerns and have come across no other matters in ¢onneckn"on with the examination to whi¢h attention should be drawn to this report in order to enae a proper urerstaThj1ng of the financial statements to be reached. Piyush Tanna FCA The Institute of Chartered Aco)untants in England and Wales On behalf of Magus Chartered Arxountants 134 Buckingham Pala R¢d London SW1W9SA 24 October 2025
THE SHINE FOR SHANI CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrnstricted Funds 2024 Unrnstricted Funds 2023 Ineome Inrxjme from charitable acalvitS 35,8 84.334 Total income 35,896 84,334 Expenditurn Expenditure on charitable actNits (41.5481 161.993} Total 8xknditure 141.548) 161,9931 Nat lèxpenditurel fincome and net movement in fvnds {5.6521 22.341 Total funds brou9ht forward 49,335 26,994 Total fund$ carried forward 43,683 49,335 These unaudrted financial stateffents ha%E subledl indepenclent examinalK)n. See report on pages5-6
THE SHINE FOR SHANI CHARftABLE FOUNDATION BALANCE SHEEr FOR THE YEAR ENDED 31 DECEMBER 3)24 2024 2023 Current assets Cash at Bank 49.335 Current Ilabilitsts.. Amounts due within one y Credrtors 49.335 Net current a 43.683 49.335 Net assets 43.683 49,335 The funds ofthe charlty: UnreictgJ funds 49,335 fun 43,6&3 49,335 The Company was errtttl to exemtkn fr(xn a1 urmler S47T ofthe cleS 3)C6 relating to smatl oxnpanie& The members have not requir&J the ¢wmwyto oLain an audrt in ao)xdan 1th S476 ofthe Companies kt 2LTh. The dirertor5 ad¢&ge their reswrtsitilitks rn[ty1ng Vtth the reqements oflhe These accourts have ts9 epar1 in accoan the FYovBicfts applicable to small companies 8Uty'ec*to the sffrall companY8 regime arMJ in accordarts FRS102 SORP. The ffnancFal staterrthts on Ffjges 7 to 11 vme aKwved ty the TnJ#ee8 for issue on 24 Ortober 225 S L Berman Director and Trltstee J R Berman Dwector and Trust ge85-6
THE SHINE FOR SHANI CHARITABLE FOUNDATIOM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEM8ER 2024 ACCOUNTING POLICIES Basis of accountlng The accounts have been prepared under the historieal Cost convention wrth items recognised at the cost or transath.on value unless olherwise stated in the relevant note to thèse accounts. The finanrAal ststemenls are prepared in $lerting. %thich is the fvnctional curren¢y of the Tru31. Monetary amounts in these financ4al statements are roLsnded to the nearest £. The accounts {finantyal statements) have been prepared in atrdance with the Statement of Recommended Pract.. Aoxunting and Reporting by Charrbes preparing their accounts in accordance the Financtal Repo"n9 Stsndard applble in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom #nd Republic of ITeland IFRS 1021 and the Charities Act 2011 and the financial reFubng stsndard applicable in the United lQngdom and the Republic of Ireland The arunts {finaneial statements) have been prèpared to give a Iruè and fairf view and have departed from the Charrties (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following Accounting and RepM)rting by Charities preparing their accounts in accordance wrth the Finan¢ial Repcting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accountsng and Reporting by Charities.. Statement of Recg)mmende<1 Pracice effecbve from 1 April 2005 whith has sincs been wfthdrawn. The charrty wnstitutes a ptlblic benefft entsty as defined by FRS 102. The charity is a company limited by guarantee that 1$ registered in England aThJ Walos. Golng concern The charity was able to Tun public entS follon9 the Govemmenfs Covid-19 lockdown strictions in the previou$ years. As a trjnsequenee. the Injstees We able lo raise fvnds via these events and via genwal donations enabling them so far to fuffil their grant pledges. The trustees intend to plan events for the fvrture whKh will be adaptabte to Cwd-19 govemment restrrb.ons and the cosl-of-living ¢risis. According, it is the opinK)n of the dire¢tors and trustees that the ¢h¥rity is a going con¢em, and they are aware of no maten.al nrtaInlieS affecting its abilty to continue a5 such for the foreseeable fvture. These UnaUdrt finanual statements hal? $ubiEctsd to irthFendent examination. See t•port onpages5-6 THE SHINE FOR SHANI CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (CONTINUED) Inco Income repSents the lotsl income receNable Ifuring the year comprising of donations. All income is Included in the Statement of Finanrial Athities when the charity is legally enb.ued to the income, it is probable that the income will be reeeived. and the amount Can be measured reliably. Interest on ftjnds is induded whèn rev1¥#ble and the amount can bè measured reliabty by the charity: this is nomialty upon notrfication of the InteSt patt or payable by the bank. ExndIture Expendrture 1$ accounted for on an accrual basis and indusive of any VAT. Charitable activities indude expenses lating to the charity's acttvrties. These costs include bglh direct costs and support cosls rejating to these active8. Govomanco costs Governance Costs MpriSe all costs involving the public afxounlability of the chanty and its compliance wrth ul8"0n and good Pfacbce. These o)sts indude costs related to independent examinats'on and legal fees and are indudèd in e¥penditure on charitable activrties in the Statement of Finanual AVIlies. Fund aeeounting Unrestri¢ted fur)ds comprise accumulated surpluse5 and defiats on general fvnds. Thèy are available for use al the deb. of the Trustees in fUrtherae of the general charitable objectives. Ir¥•eoverable VAT The charrty is not registerèd fry VAT. therefo irrecoverable VAT is induded wth the costs to whi¢h it relates. Taxation The Shine for Shani CharTtable Foundation is a company and a registered charity. and as rts income and gains falling within secb.ons 471 to 489 of the Corporation Tax Act 2010 or Section 255 Taxation and Chargeable Gains Aci 1992 are exempt from corporation tax to the extent that they a Spled to its tharrtable obie¢tive8. These unaudited finan(¥al statements habE been Subjected to intyrKlent 8xaminabon. See report pages5-6 10
THE SHINE FOR SHANI CHARITABLE FOUNDAnoN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEIABER 2024 Income from charitabl• activities 2024 2023 Income from events Other donations and fundraising ac*vibe$ 24.680 11,216 67.621 16,713 35,896 84,334 Expenditure on Charitsble a¢Oviti¢8 2024 2023 Bank charges Event o)sts Donations paid Printing. stationery. and websile fee¥ General èxpenses 16 3,248 36.284 28 3.521 58.041 403 41.548 61,993 Staff eo¥ts Apart from the direcaors, there were no employee$ in the year under revivw. Analysls of ¢haritablo fund¥ At 31 De¢embor 2024 01 January 2024 In¢ome E¥pendithre Unrestricted fvnds 49.335 35.896 141,548} 43.683 Total frjnds 49.335 35.896 {41.5481 43.683 These unaudited finanry staiemerts have b8en 8W)JecttyJ to indepeNJentexaminats"on. See port on page85-6