SCHONFELD SQUARE . HOME, SLORIES FOUNOA TI ON Annual Report and Accounts Year Ended 31 March '23
Message From The Trustees
We all have a story.
Each one of us has a lifetime of experiences making us who we are; places we’ve been, people we’ve met, the things we’ve discovered on the way.
Do you know your story?
Schonfeld Square Foundation treasures every story of the people we support. We cherish our residents’ unique life-journeys and help them embark on the next chapter in their lives. We’ve made so many stories part of our warm and loving homes, impacting 131 people this year.
This is our home.
Come hear our story.
Mr L Schlesinger Mr S Z Stauber Mrs C Spitz OBE Mr M Lobenstein
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She is so lovely and kind and always has time to talk to me. I enjoy being here – everyone is friendly.
C.P., Resident
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Our Charitable Objectives
The Trust was established by Trust Deed dated 12 July 1995. The Charitable Objectives are as follows:
(i) the relief of the aged, infirm and disabled by:
(a) the provision of accommodation, care, financial assistance and other benefits; (b) the provision of financial assistance to the aged, infirm and disabled and their carers; (c) the provision of financial assistance to other registered charitable organisations with objects similar to those referred to in paragraphs (a), (b) and (c) above.
(ii) the relief of poverty.
(iii) the advancement of Orthodox Jewish education.
(iv) the advancement of the religion of the Jewish faith in accordance with the Orthodox practice including in particular, but without prejudice as to the generality of the foregoing, providing financial support to the synagogue situate within the Schonfeld square home, Schonfeld square, London N16.
If anyone asks me to recommend a Jewish Home, I will make sure to tell them what a wonderful place you have here.
D. L., Nurse Assessor
Structure, Governance and Management
The Trustees are responsible for the Foundation’s governance and for the direction of its work. No new Trustees have been appointed this year. The authority to appoint new Trustees rests with the existing Trustees, who are currently considering the recruitment of an additional Trustee.
The day-to-day work of the Foundation is carried out by a Manager, who has been on maternity leave during the year. The Trustees have delegated the work to other people in her absence, enabling the Foundation’s dayto-day activities to continue.
(v) towards such other purposes as are recognised by the law of England and Wales as charitable as the trustees shall determine.
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Our Mission
Our Values
Schonfeld Square Foundation's mission is to improve the lives of Jewish people who are frail and elderly.
We do this by supporting those living in Schonfeld Square Care Home and its sister schemes.
Schonfeld Square Care Homes and its sister schemes for vulnerable people are operated by Agudas Israel Housing Association (AIHA). The Schonfeld Square Foundation operates side by side with AIHA and provides additional resources and services to enhance and complement the core services delivered.
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Our History Mrs Ita Symons establishes Schonfeld Square Care Homes, as part of Agudas Israel Housing Association, to provide residential care and respite for frail and older people. Schonfeld Square Foundation is opened, a new charity to fund and supplement the Care Homes, services. Mrs Ita Symons is awarded an MBE by Her Majesty the Queen for her pioneering Services to Housing. SCHONFELD SQUARE
Year in Numbers at Schonfeld Square Homes 131 28 STAFF MEMBERS AT SCHONFELD SQUARE AGE OF OLDEST PERSON AGE OF YOUNGES PEOPLE SUPPORTED STAFF NATIONALITIES 119 COMMUNITY VOLUNTEERS 16fi61 MILES TRAVELLED TO APPOINTMENTS AND TRIPS 38 134 PAINTING SESSIONS DAY TRIPS MUSICAL CONCERTS 48 2680 153 , 24 INSPIRING LECTURES GAME SESSIONS GARDENING SESSIONS EXERCISE SESSIONS CHALLAH-BAKING DEMOS
There's so much kindness. The staff really, really care. Relative of resident
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What Schonfeld Square Offers
People living at Schonfeld Square are either residents in the Beis Pinchos nursing and residential home or tenants who live in the Fradel Lodge sheltered flats for independent living. Both schemes offer lovely housing as well as additional amenities, like carefully-tended gardens, spacious dining halls and sunny activity rooms.
Our ‘sister schemes’ provide supported housing where people with mental health needs can live independent lives. These are the Beis Rochel Home at 52 Lordship Park for 9 women, and 4 Rookwood Road for 6 men.
All Schonfeld Square provision offers a very high level of support and person-centred care. Two schemes – Beis Pinchos Care Home and Fradel Lodge Domiciliary Care – are CQC regulated and are rated as Good.
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What Schonfeld Square Offers
LEISURE AND SOCIAL LIFE
Social interaction is very important to the residents. Our rich variety of programmes have made Schonfeld a community hub and a place where people are really happy. Daily activities range from exercise classes, art sessions and concerts, to trips, computer classes and immersive rooms. Visits from volunteer befrienders from the local community ensure that people never lack companionship.
I have witnessed professionalism, courtesy, good humour and sensitivity to the needs of the residents, from early morning prayers to the evening programmes.
E. R., visiting family member
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David’s Story
I never wanted to be in an actual nursing home – there are so many things I can do alone. But living by myself made me feel nervous, the what-if’s ballooning in my mind. A flat in Schonfeld Square is perfect for me; I can cook when I feel like it or order in food when I’m not up to it, the staff are just behind the door and make me feel safe. And it’s the company and programmes too.
I’m discovering a whole new life here that I never dreamed possible.
Brenda’s Story My mother had been showing early signs of dementia. This had been frightening for her and for us. Staying alone in her house just wasn’t an option anymore. We turned to Schonfeld Square and felt embraced with advice and support and so many ways of helping Mommy – helping her medically, physically, and filling her days with friendship and happiness. My heart lifts each time I visit. She may not recognise me any more, true, but I recognise the serenity on her face, and I know this was the right decision.
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Elisheva’s Story Visiting at Schonfeld Square is the highlight of my week.
I’m still at school, and visit on weekends when we’re off. I walk down to Schonfeld Square to catch up with the many dear friends I’ve made, chatting, laughing, and singing songs. I especially love when they tell me about their rich, fascinating lives. I feel connected to a bygone world and inspired to be the best I can be today.
Millie’s
Story
Nursing has always been a passion of mine, but working for Schonfeld is taking that to a whole new level. The professional development opportunities, motivated team and superior devotion of everyone here is simply humbling.
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There is no doubt that the Home is infused with a special atmosphere which can only be maintained with constant effortandinput from management, staff and volunteers, and for this we have always been most grateful. Fomily D. 13
Turning the Page; Plans for the Future
The Trustees of the Schonfeld Square Foundation intend to continue strengthening the charity over the next year.
Our goal is to raise more funds and expand the range of enhancements and benefits available to Schonfeld Square Homes and its sister schemes.
Plans for Major Refurbishment
We believe that the people who live in Schonfeld Square and use its facilities should benefit from beautiful, well-maintained and modern surroundings. The Home is run on a not-for-profit basis and the majority of residents are funded by local authorities and NHS fees, which constrains the amount of funding available for investment in our facilities. We therefore seek charitable funds to enhance the physical fabric of Schonfeld Square.
Schonfeld Square Foundation is working closely with Agudas Israel Housing Association on a refurbishment programme. The design phase of the refurbishment project has started. The Trustees intend to apply the Foundation’s reserves to this project, and to raise funds from major donors.
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Accreditations
The leaders and managers here are inspirational because they are always present and there when you need them. They listen and provide me with everything I need. They really trust me and I trust them.
Staff member
Baroness Scott of Bybrook OBE, on a visit to Schonfeld Square in 2023, unveils AIHA’s Gold Investors in People plaque. Baroness Scott is the Government Minister for social housing, faith communities and holocaust memorialisation.
The values are integral to how the organisation operates, and people strive to reflect them in everything they do. Managers very much lead by example and bring them to life. 2023 IIP Assessment Report
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I'm in good hands. Resident ?? 16
Financial Review
Review of the Year
The Foundation's income almost trebled during the year under review. During the year, the Foundation was the beneficiary of a substantial legacy from the late Mr A M Tafler. The Trustees are immensely grateful for the recognition of Schonfeld Square's important work, and for the opportunity that the legacy brings us.
As a result of the legacy, the Foundation's reserves at the year end were £253,266. We intend to use these funds towards substantial refurbishment works, so that Schonfeld Square continues to provide a beautiful and well-maintained setting for care of older people in the community. A small proportion of the reserves are restricted to specific beneficiaries within Schonfeld Square, and other activities as per the provisions of specific grants.
During the year, the Foundation carried out a range of activities, described in this report, with expenditure of £76,556.
Reserves Policy
The Trustees have reviewed the reserves policy and, in accordance with Charity Commission guidelines, have considered the level of unrestricted reserves, which it is appropriate for the charity to hold. The Trustees intend to use the reserves towards major refurbishments and improvements in Schonfeld Square. Reserves at the year end were £253,266 (2022- £158,294) of which £32,877 (2022 - £25,000) were restricted.
Risk Management
The Trustees have reviewed the major risks that the charity faces and confirm that they have established systems to mitigate them.
Public Benefit
The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit.
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Statement of Trustees’ Responsibilities
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently
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Observe the methods and principles in the Charity SORP;
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Make judgements and estimates that are reasonable and prudent;
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Prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 23 January 2024 and signed on its behalf by:
C Spitz OBE
Trustee
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Independent Examiner's Report
Independent examiner’s report to the Trustees of The Schonfeld Square Foundation
I report to the charity trustees on my examination of the accounts of The Schonfeld Square Foundation (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
E Meyer FCA BSc
Sugarwhite Meyer Accountants Ltd
First Floor 94 Stamford Hill London N16 6XS
23 January 2024
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The Schonfeld Square Foundation Statement of Financial Activities for the year ended 31 March 2023
| Unrestricted | Restricted | 2023 | 2022 | 2022 | ||
|---|---|---|---|---|---|---|
| fund | fund | Total | Total | |||
| funds | funds | |||||
| Notes | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 2 | 150,695 | 20,833 | 171,528 | 62,497 | |
| EXPENDITURE ON | ||||||
| Raising funds | 2,575 | 660 | 3,235 | 11,324 | ||
| Charitable Activities | 3 | |||||
| Social programmes | 50,052 | 12,296 | 62,348 | 89,899 | ||
| Support costs | 10,973 | - | 10,973 | 7,483 | ||
| Total | 63,600 | 12,956 | 76,556 | 108,706 | ||
| NET INCOME/(EXPENDITURE) | 87,095 | 7,877 | 94,972 | (46,209) | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 133,294 | 25,000 | 158,294 | 204,503 | ||
| TOTAL FUNDS CARRIED FORWARD | 220,389 | 32,877 | 253,266 | 158,294 |
The notes form part of these financial statements.
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The Schonfeld Square Foundation Balance Sheet
31 March 2023
| Balance Sheet 31 March 2023 |
|
|---|---|
| Notes | 2023 £ 2022 £ |
| CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS 8 9 11 |
260,508 (4,800) 165,536 (4,800) |
| 255,708 160,736 |
|
| 255,708 (2,442) 160,736 (2,442) |
|
| 253,266 158,294 |
|
| 220,389 32,877 253,266 133,294 25,000 158,294 |
The financial statements were approved by the Board of Trustees and authorised for issue on 23 January 2024 and were signed on its behalf by:
C Spitz OBE - Trustee
The notes form part of these financial statements.
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Notes to the Financial Statements for the year ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Income
Donations are included in full in the Statement of Financial Activities when received.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT, which is reported as part of the expenditure to which it relates.
Going concern
There are no material uncertainties about the charity's ability to continue.
Costs of raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
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Notes to the Financial Statements - continued for the year ended 31 March 2023
| 2. DONATIONS AND LEGACIES | 2. DONATIONS AND LEGACIES | 2023 £ 2022 £ |
|---|---|---|
| Donations Legacies Government grants Grant making trusts 3. CHARITABLE ACTIVITIES COSTS 8,672 141,523 9,996 11,337 171,528 7,684 - - 54,813 62,497 Support costs (see note 5) £ Totals £ Direct costs (see note 4) £ |
||
| Social programmes Support costs 4. DIRECT COSTS OF CHARITABLE ACTIVITIES |
62,348 8,573 |
- 2,400 62,348 10,973 |
| 70,921 | 2,400 73,321 |
|
| 2023 £ 2022 £ |
||
| Education & enrichment Recreation & activities Cultural Individual support Medical & therapy Trips & outings |
11,009 7,446 19,536 16,548 - 16,382 70,921 23,128 17,187 23,275 18,452 12,940 - 94,982 |
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Notes to the Financial Statements - continued for the year ended 31 March 2023
| 5. SUPPORT COSTS | Governance Costs £ |
Governance Costs £ |
|---|---|---|
| Support costs Support costs, included in the above, are as follows: Governance costs |
2023 Support costs £ |
2,400 |
| 2022 Total activities £ |
||
| Independent examiner's fee Independent examiner's other fees |
1,200 1,200 |
1,200 1,200 2,400 |
| 2,400 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trstees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
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Notes to the Financial Statements - continued for the year ended 31 March 2023
| 7. TANGIBLE FIXED ASSETS | Fixtures and fttings £ |
|
|---|---|---|
| COST At 1 April 2022 and 31 March 2023 DEPRECIATION At 1 April 2022 and 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 £ |
5,741 5,741 - - 2022 £ |
| Other creditors 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
4,800 | 4,800 |
| 2023 £ |
2022 £ |
|
| Other creditors | 2,442 | 2,442 |
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Notes to the Financial Statements - continued for the year ended 31 March 2023
| 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted fund £ Restricted fund £ 2023 Total funds £ 2022 Total funds £ |
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted fund £ Restricted fund £ 2023 Total funds £ 2022 Total funds £ |
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted fund £ Restricted fund £ 2023 Total funds £ 2022 Total funds £ |
|---|---|---|
| Current assets Current liabilities Long term liabilities 11. MOVEMENT IN FUNDS |
227,631 (4,800) (2,442) |
32,877 - - 260,508 (4,800) (2,442) 165,536 (4,800) (2,442) |
| 220,389 | 32,877 253,266 158,294 |
|
| At 1.4.22 £ Net movement in funds £ At 31.3.23 £ |
||
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Net movement in funds, included in the above, are as follows: Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS 133,294 25,000 158,294 150,695 20,833 171,528 87,095 7,877 94,972 (63,600) (12,956) (76,556) 220,389 32,877 253,266 87,095 7,877 94,972 Incoming resources £ Resources expended £ Movement in funds £ |
133,294 25,000 87,095 7,877 220,389 32,877 |
|
| 158,294 94,972 253,266 |
||
| 171,528 (76,556) 94,972 |
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Notes to the Financial Statements - continued for the year ended 31 March 2023
| 11. MOVEMENT IN FUNDS - continued Comparatives for movement in funds At 1.4.21 £ Net movement in funds £ At 31.3.22 £ Transfer between funds £ |
11. MOVEMENT IN FUNDS - continued Comparatives for movement in funds At 1.4.21 £ Net movement in funds £ At 31.3.22 £ Transfer between funds £ |
11. MOVEMENT IN FUNDS - continued Comparatives for movement in funds At 1.4.21 £ Net movement in funds £ At 31.3.22 £ Transfer between funds £ |
|---|---|---|
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Comparative net movement in funds, included in the above, are as follows: Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS 17,997 44,500 62,497 (89,206) (19,500) (108,706) (71,209) 25,000 (46,209) Incoming resources £ Resources expended £ Movement in funds £ 9,025 (9,025) - 195,478 9,025 204,503 (71,209) 25,000 (46,209) 133,294 25,000 158,294 |
9,025 (9,025) 195,478 9,025 (71,209) 25,000 133,294 25,000 |
|
| 17,997 44,500 62,497 (89,206) (19,500) (108,706) (71,209) 25,000 (46,209) Incoming resources £ Resources expended £ Movement in funds £ |
||
| 62,497 (108,706) (46,209) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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Reference and Administrative Details
Trustees
Registered Charity Number
Mrs I Symons MBE (resigned 14 March 2022) Rabbi H Feldman (resigned 22 March 2022) Mr L Schlesinger Mrs C Spitz OBE (appointed 14 March 2022) Mr S Z Stauber (appointed 14 March 2022) Mr M Lobenstein (appointed 03 October 2022)
Principal Address
The Schonfeld Square Foundation
1049179
Independent Examiner
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
Bankers
206 Lordship Road London N16 5ES
Metro Bank PLC One Southampton Row London WC1B 5HA
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It is not an institution, it is more than a home, it is Home... Daughter of resident