**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 L`menucha Trust|Shabaton L`menucha 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||
**- 1 -**
**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.
**- 2 -**
## **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
**- 3 -**
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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.
**- 4 -**
**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:
- examine the accounts under section 145 of the Act;
- to follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act); and
- state whether particular matters have come to my attention.
## **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:
- a) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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
**- 5 -**
## **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|
Page 9
## 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|
Page 9
## 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.
Page 10