2021-08-31-accounts

Charity number: 1185443

UK FRIENDS OF BEIT ISSIE SHAPIRO

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

UK FRIENDS OF BEIT ISSIE SHAPIRO

CONTENTS

	Page
Reference and Administrative Details of the Charity, its Trustees and Advisers	1
Trustees' Report	2 - 4
Independent Examiner's Report	5 - 6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9 - 14

UK FRIENDS OF BEIT ISSIE SHAPIRO

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021

Trustees A Harding N Esfundi L Weller, Chair M Hirsch A Gabbay S Boyd M Tager S Bor M Cohen-Sagi Charity registered number 1185443 Principal office 97 Deacons Hill Road Elstree Borehamwood WD6 3JF Accountants Neville Newman Harris & Trotter LLP Chartered Accountants 64 New Cavendish Street London W1G 8TB

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UK FRIENDS OF BEIT ISSIE SHAPIRO

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021

The Trustees present their annual report together with the financial statements of the Charity for the 1 September 2020 to 31 August 2021.

UK Friends of Beit Issie Shapiro is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission in England and Wales on 23 September 2019 with the registration number 1185443. It is governed by Constitution.

Structure, governance and management

a. Constitution

UK Friends of Beit Issie Shapiro is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission in England and Wales on 23 September 2019 with the registration number 1185443. It is governed by Constitution. The CIO began operating on 23 September as a successor to the previous Friends of Beit Issie Shapiro (UK) unincorporated Charity, registration number 328303, that was subsequently closed.

The Trustees who served during the year were:

A Harding N Esfandi L Weller M Hirsch A Gabbay S Boyd M Tager S Bor M Cohen-Sagi

b. Methods of appointment or election of Trustees

Existing Trustees brief new trustees on the charity's aims and objectives. They are given a copy of the constitution with the latest financial statements and annual return. This will enable them to fulfil their role in line with charity law.

c. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

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UK FRIENDS OF BEIT ISSIE SHAPIRO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Objectives and activities

a. Activities undertaken to achieve objectives

The aims of UK Friends of Beit Issie Shapiro are the relief of mentally handicapped and developmentally disabled and more particularly the provision of financial assistance to the Amutat Avi Centre in Israel, which is a world renowned pre eminent centre of excellence in this field

Achievements and performance

a. Main achievements of the Charity

During the period the CIO made donations of £120,000 (2020: £286,090) all of which were to Friends of Beit Issie Shapiro (Israel). A registered charity in Israel. Total income recveived amounted to £123,843 (2020: £298,091).

The CIO will continue to meet its objectives of furtherance of charitable purposes. The charity had cash reserves amounting to £15,010.

b. Fundraising activities and income generation

The CIO benefits from a large circle of generous benefactors, sponsors and friends who continue to support its work

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The balance of undistributed income resources at 31 August 2021 totalled £15,010 (2020: £13,711). Any undistributed income during the year to earmarked to direct charitable expenditure in the following year. Adequate provisions has been made for future commitments of charitable expenditure

COVID-19

The charity is continuing to monitor developments of the COVID-19 virus and the associated near-term uncertainty on the global economic outlook. The charity is assessing the potential future operational and financial impact of the coronavirus and is seeking to take mitigating actions, such as a reduction on all non-essential operating expenditure, utilisation of government aid where required and negotiating terms with suppliers. Trustees continue to monitor the situation and has further plans that can be implemented as they assess the COVID-19 impact.

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UK FRIENDS OF BEIT ISSIE SHAPIRO

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2021

Independent Examiner's Report to the Trustees of UK Friends Of Beit Issie Shapiro ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2021.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. 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 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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UK FRIENDS OF BEIT ISSIE SHAPIRO

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Neville Newman FCA

c/o Harris & Trotter LLP 64 New Cavendish Street London W1G 8TB Dated: 1 June 2022

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UK FRIENDS OF BEIT ISSIE SHAPIRO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021

Note Income from: Donations and legacies 2 Interest received 3 Total income Expenditure on: Raising funds 4 Charitable activities 6 Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2021 £ 60,516 - 60,516 2,544 61,488 64,032 (3,516) (3,516) 13,711 (3,516) 10,195	Restricted funds 2021 £ 63,315 12 63,327 - 58,512 58,512 4,815 4,815 - 4,815 4,815	Total funds 2021 £ 123,831 12 123,843 2,544 120,000 122,544 1,299 1,299 13,711 1,299 15,010	Total funds 2020 £ 298,091 -
				298,091
				2,484 286,090
				288,574
				9,517
				9,517
				4,194 9,517
				13,711

The notes on pages 9 to 14 form part of these financial statements.

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			2021		2020
	Note		£		£
Currentassets
Debtors	8			7,500
Cash at bank andinhand		15,010		6,211
		15,010		13,711
Netcurrentassets			15,010		13,711
Total assets lesscurrent liabilities			15,010		13,711
Net assetsexcludingpension asset			15,010		13,711
Total net assets			15,010		13,711
Charity funds
Restricted funds:
Restricted funds	9	4,815
Unrestricted funds	9		10,195		13,711
Totalfunds			15,010		13,711

UK FRIENDS OF BEIT ISSIE SHAPIRO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

UK Friends Of Beit Issie Shapiro meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

1.4 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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UK FRIENDS OF BEIT ISSIE SHAPIRO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. Accounting policies (continued)

1.5 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.6 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.7 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2. Income from donations and legacies

Unrestricted funds 2021 £ Donations 60,516 Total 2020 269,460	Restricted funds 2021 £ 63,315 28,631	Total funds 2021 £ 123,831 298,091	Total funds 2020 £ 298,091

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UK FRIENDS OF BEIT ISSIE SHAPIRO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

3. Interest received

Gift aid interest received Total 2020	Restricted funds 2021 £ 12 -	Total funds 2021 £ 12 -	Total funds 2020 £ -

4. Expenditure on raising funds

Fundraising trading expenses

Unrestricted funds 2021 £ Fundraising and governance costs 2,544 Total 2020 2,484 Analysis of grants Grants to Institutions 2021 £ Grants paid 120,000 Total 2020 286,090	Total funds 2021 £ 2,544 2,484 Total funds 2021 £ 120,000 286,090	Total funds 2020 £ 2,484
		Total funds 2020 £ 286,090

5. Analysis of grants

£120,000 (2020: £286,090) of the grants were paid to a charity in Israel.

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UK FRIENDS OF BEIT ISSIE SHAPIRO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted funds 2021 £ Grants paid 61,488 Total 2020 208,030	Restricted funds 2021 £ 58,512 78,060	Total funds 2021 £ 120,000 286,090	Total funds 2020 £ 286,090

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 August 2021, no Trustee expenses have been incurred (2020 - £NIL) .

8. Debtors

Due within one year Tax recoverable	2021 £ - -	2020 £ 7,500
		7,500

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UK FRIENDS OF BEIT ISSIE SHAPIRO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

9. Statement of funds

Statement of funds - current year

Unrestricted funds General funds Restricted funds Restricted funds Total of funds Statement of funds - prior year Balance at 1 September 2019 £ Unrestricted funds General Funds 4,194 Restricted funds Restricted Funds - Total of funds 4,194	Balance at 1 September 2020 £ 13,711 - 13,711 Income £ 269,460 28,631 298,091	Income £ 60,516 63,327 123,843 Expenditure £ (210,514) (78,060) (288,574)	Expenditure £ (64,032) (58,512) (122,544) Transfers in/out £ (49,429) 49,429 -	Balance at 31 August 2021 £ 10,195
				4,815
				15,010
				Balance at 31 August 2020 £ 13,711
Unrestricted funds General Funds Restricted funds Restricted Funds Total of funds
				-
				13,711

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UK FRIENDS OF BEIT ISSIE SHAPIRO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

10. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2021 £ Current assets 10,195 Total 10,195	Restricted funds 2021 £ 4,815 4,815	Total funds 2021 £ 15,010
		15,010

Analysis of net assets between funds - prior year

Current assets Total	Unrestricted funds 2020 £ 13,711 13,711	Total funds 2020 £ 13,711
		13,711

11. Related party transactions

Included within donations received is an amount of £21,000 (2020: £35,000) received from a charity, The Speech Language and Hearing Foundation, in which A Harding is also a trustee.

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