Charfty number: 1185443 UK FRIENDS OF BEIT ISSIE SHAPIRO UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
UK FRIENDS OF BEIT188E SHAPIRO CONTEMTS Page Rgforgnce and Admlnl•tratlve D¢tall¥ of the Charlty, Itg Trust¢o8 and Advlsgr¥ Trte•s. Report Trusto08' Responslblllilts Statem•nt Indepond•nt Examln•rf• Report statement of FlnanGl•l Actlvltlei Balance 8hoet Noto8 to tho Flnlnclal Stat•m•nt• 9-15
UK FRIENDS OF BEIT ISSIE SHAPIRO REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Tru¥t••s A Harding N E$fandi L Weller. Chair M Hirsch, Treasurer A Gabbay S Boyd SBor M Cohen-sagl A Zi8m8n Charlty rogl•t•r•d numb•r 1185443 Prlnclpal offlc• 97 Deacons Hill Road Elstree 8orehamwood W06 3JF Indop•nd•nt •x•rnln•r Neville Newman FCA HArrls & Trotter LLP Ch8rtered Accountants 101 New Cavéndish Streg1 181 Floor South London W1W6XH Page 1
UK FRIENDS OF BErr188lE SHAPIRO TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees pres1 their annual rgport together wllh the finanaal statements of the Charity for 1 September 2024 10 31 August 2025. Structur•p govornanc• and management Constitutlon UK Frignds of Belt 188Se Shapiro Is a Ch8ri1able Incorporated Organisalion ICIO), rogislored wlh th8 Charity Commission in England and Wales Dn 23 September 2019 wlth reglstralion number 1185443. 11 Is governed by Constilulton. The CIO began operating on 23 September 2019 8$ a successor lo th8 previou8 Fflends of Bert I8 Shapiro IUKI an unincorporalod Chanty, Ir•gislration numb8r 3283031. that was subsequèntly closed. The Trustees who $•ryed durlng tha year were., A Harding N Esfandl L Weller M Hlrsch A Gabbay S Boyd S8or Cohen•S4gi A Zisman b. Methodi of appolntment or •l•ctbon of Tru•ts Existing Trust••8 brief now truslges on the charity8 alm8 and objectives. They aro givan 4 copy of the ConstituOn wlh the late81 financial 5talem8nts and annual return. Thi8 wlll enablè them to fulfll Ihoir role in Ilne wllh charity law. c. Flnanclal rfsk management The Trusteeg hav? assessed the major risks lo %thlch th• Charity Is exposed, In particular Iho8e related to the operattons and finances of tho Charity, and are satisfied that systems and proc8dur¢$ aro in place to mlllgate exposure lo the major Sk$. Obj•ctlvg• and actlvltles . PollcTr•• and obJectSv•• In setting objectiv¢s and planning for activities, the Trnslees have given due consideration lo ggneral guidance published by the Charity Commission relating lo publi¢ benefit, includlng the guidance 'Public benofil.. running charity {PB21'. b. Actlvltles undertakon to achlove obj•ctlvos The object of the CIO is the relief of children and adults wlh disabilities and more particulat1y by the provision of financial assistsnce to the Bell Issie Shapiro centres in Israel. Page 2
UK FRIENDS OF BErr ISSIE SHAPIRO TRUSTEes' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 A¢hlevem•nts and p•rformance . Maln 4chl8vements Of the Charlty During the period the CIO mad8 donaoons of £149,69912024.. £294,999) all of which were eamiatked lo support 8•il18sie Shaplro, a regiSter8d carity in19r881. Total Income recelved amounted to £202,167 (2024.. £468,171). The CIO VAII continuè to meet its objÉct¢v8s of fvrthgr8nce of charitable Purp99. The charity had cash r98eNe6 amounts.ng to £25,993. b. Fundral•lng aeffvltl•# and Income gen•r•tlon Tha CIO benefit¥ frn a clrcle of generous benefactors. foundaUon8, Sponsors and fr18nds. who cOnrtu& to support Its work We also hèld a fundrwsing ev8nl durfng Ihe year that generated 8ddIU0n donallons, kn ord8r to achfeve our charitable objectives. FlnThclal r•¥l•w a. Golng conHrn Aftor making appropr9 enquirias, the Trustees have a T8a8onable txpactation that the Ch8rlty has 8dequot8 re80urces to continue in opèrational existence for thè foros&gabl8 fvlure. For this reason. they continua to adopt thè going concem b8s1$ in preparfng the financial statements. Furthér detalls regardlrKJ the adoption of the wlng concern ba818 can be found in the accounting pollclas. b. Re••rv•s pollcy Th8 balanc8 of undlstdbu19d Income regources al 31 August 2025 10ts118d £29,302 12024: £58,193)- This Is eomprised of £4,426 12024: £23,708} unreslrtcted r8serve$ and £24.876 12024.. £34,4B5) r•8trlcl•d résarvg$. Adgqualo provlslons havg bagn made for futur8 commitmèntg of chantable expendl¢ure Approved by order of the members of the board of Trustses and signed on thelr behalf by: M Hirs¢h Dale". Pag8 3
UK FRIENDS OF BEJT ISSIE SHAPIRO STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGLIST 2025 The Truste88 are responsible for preparing the Tru8t688' Raport and the ffinanci818talem6nts In accordance wth apicab law and United Kingdom Accounting StaTrJard$ (United Kingdom Genèrally A¢¢eptsd Accounting Practlcel- The law applicabte to tharities in England & Wales requires the Tnjstees lo prepare financial statemènts for each financial y, which gfve a tru& ar fair vlew of the slate of affairs of the Charfty and of Its incomlng resources and application of resources. including Its Income and expenditure, that perlod. In preparing these finanaal statemellts, the Trustees af8 r8qulred lo.. select suits9 accounting polleies and then appty them eonslStenU, ob8erv6 Ihe m8lhod8 and prlnciples of the Charities SORP IFRS 102)., make Judgments and accounting estimates that are reasonable and prudent., slate whether applicable UK ArKounlJng Standards IFRS 102} have been followed, 8ublect to any material departures thsdosèd and expla5ned in the financlal statements., prgparp the flnanclal slalemenls on th? gc4ng Concern basS8 unl8s$11 1$ inappropriaio to presume that thè Charity wll cont)nue In busines$. Thg Trustees are re¥ponslbl8 for keeplng adequate acGounllng reG0¥ Ihat are suffl¢Sent lo show and explaSn tha Charftys frnnsacts'ons and dSsdose with reasonabl& accuracy al any Urne the flnanclal posllon of ihe Charfty and enable them to ensure that the financial slatem8nis comply with th8 Charltie5 Act 2011. the Charfty (Accounts ond RepoTtsI RegUlaon9 2008 and the provlslons of the Trust deed. They are also re3ponsible for $afeguarding the assets of the Charity and hence for tang reasonable 8tepg for the pVenon and delectlon of fr8ud and other irregulariltes. Approvod by order of th• rngfflber8 of the board of Trustees and signed on its b8haW by.. M Hlrsch Date.. Pago 4
UK FRIENDS OF 8Err ISSIE SHAPIRO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST2025 Independent Examlnefs R•port to th• Tru8t••8 ol UK Frlond8 0188lt l$$l• Shaplro {'th• Charty'l I report to the charhy Trustees on my 8xaminth.on of the accounts of the Chanty for Ihg year ended 31 August 2025, Re*ponslbilitie¥ and Ba•ls of Report As the Tfuslee3 of the Charity you are responsible for the preparation of the accounts In accordance wth the requlremenls of th¢ Charities Act 20111'lhe 2011 Act,). I report in respect of my examination ol the Charills accounls carried out under section 145 of the 2011 Aci and in Car9 Out my examinats'on I have followed the applicable Directions given by the Charity Commission undor secllon 14515}Ib) of the 2011 Act. Ind•pend•nt Examlnerfs Statem•nt Your attention is drawn to the fact that the Charty has pr8par•d Ihg accounts in accordance wlh Accounting and Reporting by Charities.. Statement of R0Mended Practice applicable lo charities preparing their accounts in accordance th the Financial Reporting Standard applicabl8 in the UK and Republic of Ir8land IFRS 1021 Sn preference lo tho Accounting and R8porting by Charities.. Statement of Recommended Pra¢li¢g I$$u9d on 1 April 2005 which is referred lo in th8 extant regulation5 but has b8on wilhdr8wn. l under81and that Ihls has been don& in order for the accounts lo provlde a true and falr viow in accordance with the Ganerally Aeceplad Ac¢ounllng Practice effective for reporting perlods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters havg come to my attention In connectton the exsmlnallon giving me ¢au¥e lo believe that in any materfal respect.. accounting records were not kopl in respect of the Charlly a8 requlred by sectlon 130 of the 2011 Act,. or the accoun1¥ do not accord with those records.. or the accoun18 do not comply wrth the applicable ffjquiremanls eonceming the fom and content of accounts 8el out Sn the Ch8rib'é$ IA¢¢ounls and Reports) Regulation$ 2008 olhor than any requirgment that the accounts give a Irue and fair. vi8w which Is not a matter considered a5 part of an independent examination. I have no con¢erns and have come acro88 no other matterg In connection with the examinats'on to 1th attention should be drawn in this port in order to enable a proper understanding of the attounls to be reached. Page 5
UK FRIENDS OF BEIT ISSIE SHAPIRO INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Thls report Is made solely to the Charity's Trugtees, as a body, In accordance th Part 4 of th$ Charities lAcunIS and Reports) Regulations 2008. My work hos been undertakon so that I might stsle lo the Charity3 Trustees those matters l am required to stale lo them In an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than th8 Charity and thè Charity's TruBlee$ a8 a body. fof my work or for this report. Naville Newman FCA CJO Harris & Trotter LLP 101 New Cavendish Streal 18t Floor South London W1W6XH Dat8d, kSI D61 Zoi& Page 6
UK FRIENDS OF BEIT ISSIE SHAPIRO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 Unr••trlct•d funds 2025 Restrlctsd funds 2025 Total funds 2025 Total funds 2024 Incorne from: Donations and legaei•8 b3,891 118,276 202,167 468, ITI Total Incom• 83,891 118.276 202.167 468, 1 T1 Exp•ndSturo on: Raising funds Charitable acliville8.. Grants paid staff costs staff pgnslon Insurance 6.086 6,086 59,463 21,814 73,052 1,761 127,885 149,699 73,062 1,761 294,999 70,504 1, 761 431 Total expondlturn 103,173 127,886 231,058 427, 158 Not {exndhUr0)IIncOM0 119.282) 19.6091 128.8911 41,013 N•t mov•m•nt In fund• 19,2821 19,6091 128,8911 41,013 R•concSllatlon of funds: Total funds brought forward Nel movement in fund5 23,708 119,2821 34,48S 19,609) 58.193 128.8911 7T.180 41,013 Total funds carrled forward 4.428 24,876 29,302 58, 193 Thè not05 on pages 9 10 15 form part of these ffnanclal 8lat8ments. Pagg 7
UK FRIENDS OF BErr ISSIE SHAPIRO 8AL4NCE SHEEr AS AT 31 AUGUST2025 2025 2024 Not• Curr•nt •$s•ts Dab Cash at bank and In hand 4539 25.994 4.735 55.557 30.533 60,292 Currnnt Ilabllltl•• Credltors., amounts fa115ng due wllhln one 11,231 (2,099) N•t currnnt #s•t8 29,302 58,793 Tot41 Ms•ts l•s• Gurr•nt Ilabllltl•• 29,302 58,193 N•t a•••ts •x¢ludln9 p•n•lon M¥•t 29,302 58.193 Total n•t •iMts 29.302 58,193 Chrlty fund• Rastrfct8d funds Unrestdctsd fijnds 10 10 24,876 4,426 34.485 23, T08 Total funds 29,302 58, 193 Thè financlal statem8nls Wa approv•d and a0S9O for Issuè by the Tru$tè8s and 8lgn&J on Ihelr bohalt by.. hl Hlrsch Dalè.. The notes on pag&s 9 to 15 fomi part of these flnancial stat8ments. Page 8
UK FRIENDS OF 8Err ISSIE SHAPIRO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 A¢¢ounting pollcl•s 1.1 B•sls of proparatlon of flnanclal statgmgnts The financial statements have been prepared in accordance the Charities SORP IFRS 1021- Accounting and Reporting by Charitios.. Slalement of Recommended Pracb'c8 applic8ble to charits8S prgparing their a¢¢ounls in accordance wth the Flnancial Reports'ng Standard applicable in the UK and Republic of Ir8land IFRS 1021 leffeclive 1 January 2019}, the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102} and the Charftles Act 2011. The finanrial ¥talemen18 hève been pr8pared lo give a true and falr. vlew and havè departed from the Charities (Accounts and Reports) Regulakn"on8 2008 only lo the exionl required lo provide a Irue and fairf viow. This departur8 has involved followlng the Charities SORP {FRS 1021 published in October 2019 rather than the Accounting and Repon9 by Charili8$'. Slalemenl of Recommended Practice effective from 1 April 2005 which has since béen wlhdrawn. UK Friends Of 8eil Issie Shaplro meets the deflnition of a public benefit entity under FRS 102. As8ets and liabililles are initially rgcogn180d at histortcal cost or tr3nsaction value unless otherwise 8t8ted in th8 relevant accounting policy. 1.2 Income All income Is recognisgd once the Charlly has enlillemenl lo the income, 11 Is probable that th• Income will bo receiv8d and the amount of incomé r8¢eivable can be mgasured reliably. 1.3 Expfjndlture Expendtturo 15 recognised once there i¥ a legal or conslructlve obllgalion lo transfer eeonomlc bengftt lo a third party. it is probable that a transfer of economic benefits will be requiréd in Settlement and the amount of the obligation eAn bo measured reliably. Expenditure is classifigd by activity. Tme costs of 8a¢h activity are madg up of the lolal of diract eosls and sharod costs, including support costs Involved Sn undertaking gach activity. Direct costs ottribulable to a single activity a 8llocaled directly to that activity. Shared co818 which contribute lo more than one acdvity and support costs which 8re not attribulablo lo a single activity are apportioned tseeen those activities on a basis consislenl with the use of resources. Central staff costs are allocated on th• basis of ts'rne spent, and depreciation Charges allocated on the portion ofthe asset's use. Expenditure on charitable advitles is Incurred on directly undertaklng the actlvltles which fvrther the Charity's objectives, as well as any agsocialgd support costs. Grants payable a charged in the year when the offer is madg 9xcepl in those cases Whe thè offèr is conditional, su¢h grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offgred subject to conditions whi¢h have not been mel at the year end are noted as a commitment, but not accrued as expenditure. All expenditure Is inelusive of irrg¢overable VAT. 1.4 Dobto Trade and other debtors ar? recognised at th8 settlement amount after any trade discount offered. ppaymentS a valued al the amount prepaid net of any trade discounts tJu¢. Page 9
UK FRIENDS OF BErr ISSIE SHAPIRO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 Accountlng pollcl•s {contlnugd) 1.5 Cash at bank and In hand Cash at bank and in hand includes cash and short-lerm highly liquid investments wlh a short maturity of Ihrfje months or less from th• dal• of a¢qulsillon or opening of the deposit or slmllar account. 1.8 Llabllltlfjs and provljioni Liabiif(ies ar8 r8cognised when there is an oblig8tion al the Balance Sheet date as a result of a past event, il is probabl8 that a transfer of economlc benefll will b$ required in settlement, and the amount of the settlement can bg esllmated reliably. Liabilitie8 ¥re recognised at the amount th81 the Charity ants'Gipales il will pay lo settle the debt or thè amount il has received as advanced p8ymenls for th8 goods or services ¢t musl provide. Provi$ion$ are measured al the b861 ¢stimole of the amount8 required to the obligation. Wher8 the effect of the lima value of money 1$ malorial, tho provision is based on the present value of those amounts. discounted at the pr&lax di8count ral8 that reflects the risk8 Specific to the liability. Tha unbmndlng of the d18count 18 recognised in the Statement of Financial Activities as a finance cost. 1.7 Flnanclal In8trumonts The Charity onty ha8 fSnancial a88e18 and flnancial liabiliti98 of a kind that quallfy as bgwc finandal inslrumenls. Basic financial instrumentg are Initially recognised al transaction valua and subsequently measured al their 8etllemenl value wth thè excepts'on of bank loans whKh are subsequently measuréd 81 gmortisgd cost Using tho effective interest molhod. 1.8 P•nglons Th8 Charity operat88 a definad conlrfbution pension scheme and the pen8Ion charge repr8$gnts the amounts p8yablt by the Charty to the fund in respect of the year. 1.9 Fund accountlng General fund5 are unreslrlcted funds which afo avallable for uso al the dlscrelion of the Trustees in furtherance of the general obj'eelives of tho Charity and whlch have not been designated for other purposes. Restricted funds are funds which a to be used in accordance with specrfic restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specrfic fund. The aim and use of each restricted fijnd is sel OLrt in the notè$ to the financial ststements. Page10
UK FRIENDS OF BEIT ISSIE SHAPIRO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 Income from donatlons and l•gacl•$ Unre8trlctsd Restrlct•d funds lundj 2025 2026 Total fund? 2026 Tot81 lunds 2024 Donations Interest Income 83,810 81 118,276 202,086 81 468, 171 83,891 118,276 202,167 468, 171 Tot812Q24 138, 687 329,484 468, 171 Exp•ndbtur• on ral¥lng funds FuDdral8lng tradlng •xp•n$es Unrestrlcted funds 2025 Total fund• 202S Total lunds 2024 Fundralsing and •venl holding c081s 6,086 6.086 59.463 Total 2024 59,463 59,463 Analysls of grant8 Grants to Institutlons 2025 Total fund$ 2025 Tot81 funds 2024 Cranls paid 149,699 149.699 294,999 Total 2024 294,999 294,999 Page 11
UK FRIENDS OF BErr ISSIE SHAPIRO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analys18 of grants Icontlnu•d) £149,699 12024.. £294.9991 of thg grants werè paid to a r8gislered charity in Israel. An•tysls of expendlturè on charltable actlvlti•• Summary by fund type Unr•strlct•d Rmtrlctèd funds funds 2026 2026 Totsl 2025 Tol81 2024 Grants pald Staff and pènsion cost Insurance 21,814 74,813 480 127,885 149,699 74,813 294,999 T2,265 431 97,087 127,885 224,972 367,695 Tot812024 72,696 294,999 367,695 stsff co8t• 2025 2024 Wages end salaries Employer national insurancè Contribution lo defined contribution pension schemes 70,251 2,802 1,761 67,674 2,830 1,761 74.814 72.265 The averagè number of per80n8 employed by the Charlty durlng the year was a5 followy.. 2025 No. 2024 No. Employee The number of employees whose employge benefits lexeludlng employer pension wslsl exceedefl £60.OOQ was.. 2025 2024 In the band £60.001 £70.000 Page 12
UK FRIENDS OF BEIT18SIE SHAPIRO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Tru8ts•$' rornunoratlon and •xp•nses During the year, no Trustees received any ramuneralion or othor benefits (2024- £NILJ. During the year ded 31 Augu8t 2025. no Trustee expen8es have been in¢urred (2024- £NIU. Debtorn 2025 2024 Du• wlthln one year Tax recoverable 4,539 4,735 4.539 4,735 Crodltorn.. Amounts falllng dufr wlthln one year 202B 2024 other taxalkin and social security Pension liability 967 1.571 528 1,231 2,099 Page13
UK FRIENDS OF BErr ISSIE SHAPIRO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 10. Statement of funds Statemènt of fund$- ¢urr•nt y•ar Balanco at 1 Septèmb8r 2024 Balancè at 31 August 2026 Incom• Expendlturg Unr•$trlcted funds General Funds- au funds 23,708 83.891 1103.173) 4,426 R••trlGt•d fund¥ Restricted Funds- all funds 34.486 118,276 1127,88SI 24,876 Total of funds 68.193 202.167 {231,0581 29,302 Stat•nwnt of funds - prlor y•ar 8el?nGe at I Sèptgmb9f 2023 881ance at 31 August 2024 Incomè Expenditure Unr•strlctèd funds General Funds - 811 funds 17.180 138,687 (132, t59) 23, T08 R•8trleted funds Re$lricled Fund5- all funds 329,484 (294,999) 34,485 Total of fund8 17,180 468, 171 (427, 158) 58, 193 Page 14
UK FRIENDS OF 8Err ISSIE SHAPIRO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. Analysis of net assets b•tw••n fund$ Anatysls of net assèts betW•on funds . current yoar Unrestrl¢tgd Re¥trlctgd Endowment funds nds funds 2026 2026 2026 Total funds 2025 Current assets Creditors due ¥thIn one year Other c0818 52,346 11.2311 146.6891 121.814 30.632 46,690 Total 4,426 24,876 29,302 Analysls of ngt a8sel8 betwo8n funds . prfor y•ar Unrestrtcted lunds 2024 Restricted funds 2024 Total funds 2024 Current a88els Crodilor8 due wlthin one ygar 25,807 (2,099) 34,485 60.292 f2,099) Total 23, 708 34,485 58, 193 12. Penslon commltments Th¢ ¢h8rity operates a defined contribution pen8ion scheme. The a858ls of thé scheme are held $èpafalely from thosé of the group in an IndependenY administered fund. The pension cost charye represents conlribulion$ payable by the charity lo the fund and amounted lo £264 12024 - £5281 wera payable lo the fund at the balance sheet dalè and are included in creditors. 13. Rglatsd paty trnnsactlons During the year £1,28512024.. £25,5001 of donations was recelved from a Iruslee and a charity in which a trustee is also a Iruslee. Page 15