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2021-03-31-accounts

Charity Number 1155729

SHABATON L'MENUCHA TRUST FINANCIAL STATEMENTS 31 MARCH 2021

SHABATON L'MENUCHA TRUST

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

CONTENTS PAGE
Trustees and professional advisers 1
Trustees Annual Report 2
Statement of Trustees responsibilities 4
Independent examiner's report to the trustees 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8

SHABATON L'MENUCHA TRUST

TRUSTEES AND PROFESSIONAL ADVISERS

|Registered charity name|Shabaton Lmenucha Trust|Shabaton Lmenucha Trust| |---|---|---| |Charity number|1155729|| |Principal office|Kemp House|| ||152 City Road|| ||London|EC1V 2NX| |Trustees|M Liberman|| ||G Liberman|| ||N Grunbaum|| ||S Y Rechnitzer|| |Independent examiner|JS&CO Accountants Ltd|| ||26 Theydon Road|| ||London|| ||E5 9NA|| |Bankers|HSBC Bank Plc|| ||31 Holborn|| ||Holborn|Circus| ||London|| ||EC1N 2HR||

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SHABATON L'MENUCHA TRUST

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are shown in the schedule of trustees and professional advisors on page 1 of the financial statements.

THE TRUSTEES

The trustees who served the charity during the period were as follows:

M Liberman G Liberman N Grunbaum S Y Rechnitzer

There is no chief executive officer nor any other staff employed in the charity. The day to day affairs are undertaken by Mr Liberman on behalf of the trustees.

All major decisions are taken collectively by the trustees.

The trustees are volunteers and details of any related party transactions are disclosed as applicable in the notes to the accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Shabaton L`menucha Trust is constituted under a deed dated 29 October 2013. It is a registered charity number 1155729 and was registered on 11 February 2014.

Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.

Risk review

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.

OBJECTIVES AND ACTIVITIES

Shabaton L’menucha is a well-regarded organization geared towards for families of children and adults with special needs .

We are widely known for our weekend breaks that grant those special individuals, who happen to have special needs a fantastic time whist also giving their families a much-needed break.

We provide them with recreational, educational and social opportunities and respite care with a view to improving their conditions of life.

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SHABATON L'MENUCHA TRUST

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MARCH 2021

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit .

ACHIEVEMENTS AND PERFORMANCE

During the year the charity has received £147,963 in grants and donations. As a result of the donations we received, Shabaton L'Menucha was able to arrange some fantastic weekends in the countryside for approximately 100 young people with disabilities. We also arranged special events and activities locally, including live music, shows, jugglers, clowns and concerts. All events were run to the highest standards, ensuring the safety and participation of all attendees, in a local wheelchair accessible community venue, with appropriate refreshments and lots of volunteer support, in order to maximise its benefits to the special needs young people. The feedback we received was highly enthusiastic and parents and the young people are eagerly awaiting repeat performances during the coming year.

Unfortunately, we weren’t able to do as many activities as we wanted due to COVID restrictions. This is now slowly improving.

There were no investments made during the year.

FINANCIAL REVIEW

The trustees have noted that both the level of income and activities were reduced during the year. This was due to the current challenging conditions for fundraising at this time of economic uncertainty.

The Trustees hope that the following year will see an improvement, so that we can provide an enhancement of activities for the disadvantaged young people we provide services to. The Trustees would like to record their appreciation for all the financial support received from benefactors during the course of the year.

Reserves policy

The Unrestricted Fund represents the unrestricted funds arising from past activities results The Trustees are satisfied that the balance of the Fund is an acceptable level of reserves given the nature of revenue receipts against the expenses payable.

Signed on behalf of the trustees

Trustee

Kemp House 152 City Road London EC1V 2NX

4[th] January 2022

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SHABATON L'MENUCHA TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

YEAR ENDED 31 MARCH 2021

The charity's trustees are responsible for preparing the Trustees Annual Report 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 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 of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The trustees 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.

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SHABATON L'MENUCHA TRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

I report on the accounts of the charity for the year ended 31 March 2021 set out on pages 7 to 10.

Respective Responsibilities of Trustees and Independent Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

JS&CO Accountants Ltd 26 Theydon Road London E5 9NA

4[th] January 2022

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SHABATON L'MENUCHA TRUST

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2021

Notes
INCOMING RESOURCES
Incoming resources from generated funds
Donations and Grants
3
Total Incoming resources
RESOURCES EXPENDED
Administration Costs
4
Charitable activities
5,6
Governance costs
7
Other
8
Total resources expended
NET INCOMING/(OUTGOING)
RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
2021
Total Funds
£
£
£
147,963
0
147,963
147,963
0
147,963
16,338
16,338
64,386
0
64,386
576
576
12,930
12,930
94,230
0
94,230
53,733
0
53,733
39,968
0
39,968
93,701
0
93,701		 2020
Total Funds
£
83,695
83,695
14,629
63,202
540
13,235
91,606
-7,911
47,879
39,968

The Notes form part of the financial statements

Page 6

SHABATON L'MENUCHA TRUST

BALANCE SHEET 31-Mar-21

Notes
FIXED ASSETS
Fixtures & Fittings
9
CURRENT ASSETS:
Debtors
10
Cash at bank and in hand
CREDITORS: amounts falling
due within one year
11
Net Current assets/(liabilities)
NET CURRENT ASSETS:
FUNDS
12
Unrestricted funds
TOTAL FUNDS		 2021
£
£
13,463
13,463
2,500
78,535
81,035
-797
93,701
93,701
93,701
93,701		 2020
£
£
16,846
16,846
2,500
21,383
23,883
-761
39,968
39,968
39,968
39,968		 2020
£
£
16,846
16,846
2,500
21,383
23,883
-761
39,968
39,968
39,968
39,968
39,968
39,968
39,968

Approved by the board of Trustees on: 04 January 2021 And signed on their behalf by:

Trustee

The Notes form part of these financial statements

Page 7

SHABATON L'MENUCHA TRUST

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2021

1 ACCOUNTING POLICIES

Accounting convention

These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

2 TRUSTEES REMUNERATION AND BENEFITS

No trustee received remuneration, allowance for or reimbursement of expenses.

3 INCOMING RESOURCES FROM GENERATED FUNDS

Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
£ £ £ £
Donations and Grants 147,963 0 147,963 83,695
4 ADMINISTRATION COSTS
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
£ £ £ £
Admin 16,338 0 16,338 14,629
5 COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
£ £ £ £
Special events and weekends 64,386 0 64,386 63,202
64,386 0 64,386 63,202
6 COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
£ £ £ £
Special events and weekends 64,386 0 64,386 63,202
64,386 0 64,386 63,202

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SHABATON L'MENUCHA TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2021

7 GOVERNANCE COSTS

7
GOVERNANCE COSTS
Accountancy
8
OTHER
Bank charges
Professional fees
Office supplies
Rent
Repairs
Telephone
Sundries
Depreciation
9
FIXED ASSETS
COST:
At 1 April 2020
Additions
At 31 March 2021
DEPRECIATION:
At 1 April 2020
Charge for year
At 31 March 2021
NET BOOK VALUE:
At 31 March 2021
At 31 March 2020		 Unrestricted
Funds
£
576		 Restricted
Funds
Total Funds
2021
£
£
576		 Total Funds
2020
£
540
576 0
576		 540
30
20
839
4,800
3,333
371
154
3,383		 30
20
839
4,800
3,333
371
154
3,383		 2,466
1,198
4,800
0
382
154
4,235
12,930 0
12,930		 13,235
Fixture & Fittings
Computer
Equipments
34,790
1,199
34,790
1,199
18,228
915
3,312
71
21,540
986
13,250
213
16,562
284		 Totals
£
35,989
0
35,989
19,143
3,383
22,526
13,463
16,846

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost residual value of each asset over its expected useful life, as follows:

Fixture and fittings - 20% reducing balance Computer Equipments - 25% reducing balance

Fixture and fittings - 20% reducing balance
Computer Equipments - 25% reducing balance
10
DEBTORS
DUE WITHIN ONE YEAR
Other Debtors		 2021
2020
£
£
2,500
2,500
2,500
2,500

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SHABATON L'MENUCHA TRUST

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2021

11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11 CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
2021 2020
£ £
Accruals 797 761
797 761
12 MOVEMENTS IN FUNDS Net movement
At 1.4.20 in funds At 31.03.21
£ £ £
Restricted funds
General fund 0 0 0
Unrestricted funds
General fund 39,968 53,733 93,701
TOTAL FUNDS 39,968 53,733 93,701
Net movement in funds, included in the above are as follows:
Incoming Resources Movement in
resources expended funds
£ £ £
Restricted funds
General fund 0 0 0
Unrestricted funds
General fund 147,963 94,230 53,733
TOTAL FUNDS 147,963 94,230 53,733

13 TAXATION

Shabaton L`menucha Trust is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

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