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2020-12-31-accounts

SHOFAR DAY CARE CENTRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

SHOFAR DAY CARE CENTRE
(A Company Limited by Guarantee)
Company registered number: 09395603
Charity registered number: 1160802
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
2
Trustees' Report 3-6
Independent Auditors' Report 7-9
Statement of Financial Activities 10
Statement of Financial Position 11
Statement of Cash Flows 12
Notes to the Financial Statements 13-19

1

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020

C Balfe (Resigned 5 November 2020) Rabbi M Berger M Harris P Israel Rabbi J Levy P Levy (Chairman – resigned 5 November 2020) G Marx (Resigned 3 December 2020) M Saffer (appointed 7 January 2021)

Company registered number

09395603

Charity registered number

1160802

Registered office

The Sternberg Centre for Judaism 80 East End Road London N3 2SY

2

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their annual report together with the financial statements of Shofar Day Care Centre for the year ended 31 December 2020.

The Financial Statements comply with the, the Companies Act 2006, the Memorandum and Articles of Association and 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 the Republic of Ireland (FRS102) (effective 1 January 2015), as amended by Update Bulletin 2 (effective 1 January 2019).

Objectives and Activities

a. Policies and objectives

The objectives of the charity are to:-

A) Advance the development and education of children primarily under the age of five, in particular by establishing and running a childcare nursery which promotes the ethos and values of Reform Judaism. B) Advance religion by teaching, practising and promoting the beliefs and practices of Reform Judaism C) Provide charitable support and assistance to The Movement for Reform Judaism, Finchley Reform Synagogue, North Western Reform Synagogue and to Leo Baeck College (or any successor bodies) for so long as such organisations are charitable in accordance with English Law, and

D) Undertake or support such other ancillary and incidental exclusively charitable purposes as the trustees in their absolute discretion think fit.

In shaping the objectives of the charity, the trustees have considered the Charity Commission's guidance on public benefit.

Achievements and performance

a. Review of activities

The nursery offers a range of activities including those that embrace Jewish learning and festivals. 2020 was the fifth year of operation and the operations were affected by the Covid-19 pandemic. Despite the challenging conditions it was another successful year through excellent management of children numbers and classes. Costs were carefully controlled and savings made where possible to mitigate the reduced income as a result of the period of closure. The nursery continues to prioritise the retention of quality permanent staff to support its children and continues to pay the London Living Wage to those who engage in appropriate training, in order to encourage continued professional development of staff.

The future plans and development of the nursery remain consistent with the previous years and are to continue to maintain a full complement of children across all age groups. Offering excellent care, education and community through well qualified staff, with core Jewish values. To offer values-based rather than rules based introduction to Judaism, through the 3 prisms – Community, Ritual and Practice and Jewish Values and to be as inclusive as possible.

In November 2020, one of the prime founders of Shofar, and our first Chair Peter Levy sadly died. Peter's experience, kindness, stewardship and vision helped create and shape the centre and also the wider Reform community - the Trustees and Shofar will miss him enormously.

3

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

FINANCIAL REVIEW

a. Going concern

At the reporting date the charity held £550,541 in cash, and had net current assets of £451,442, all of which was unrestricted. The projected net surplus for the next 12 months is around £5k. The projected normal expenditure for the next 12 months is £1,230k, which means current reserves would cover three months if no income was available. This is in line with the charity’s current reserve policy of 3 month’s expenditure being held in reserves.

The Trustees have reviewed the circumstances of the charity and consider that resources continue to be available to fund the activities of the charity for the foreseeable future. Following the lockdown of the United Kingdom, imposed by the government in response to the Covid-19 virus Shofar had to close for a period from March 2020 and again for a short period in February 2021.

Accordingly, the trustees consider it appropriate to continue to adopt the going concern basis in preparing its financial statements.

b. Reserves policy

Since inception the charity focused on raising funds to finance the opening and improvement of the Centre but is now in a position to set aside funds to build a reserve. The trustees are now looking forward and are aiming in the short to medium term to start to build up unrestricted reserves to protect the charity’s activities in an uncertain economic environment after repayment of the start-up loans. The Trustees have considered the risks faced by the charity and have taken appropriate steps to address the related issues.

The current reserves policy of the trustees is to have enough reserves to cover 3 months expenditure.

Attention has also been focussed on non-financial risks arising from fire, health and disaster recovery. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place, and regular awareness training for staff working in these operational areas.

The shutdown period enforced as a result of Covid-19 has reduced the reserves in the year and will continue to be a factor into the future. This has reinforced the need to have the buffer of reserves in order to mitigate further outbreaks or future events.

c. Financial performance

During the year the charity received £1,158,432 of income. Expenditure on charitable activities amounted to £1,088,770. This resulted in net incoming resources of £69,662.

d. Risk assessment

The trustees have identified the major risks of the charity and are satisfied that systems and procedures are in place to mitigate exposure to the risks where possible. As part of the charity's risk management strategy the trustees will review the principal risks annually.

The outbreak of the Novel Coronavirus (COVID-19), declared by the World Health Organisation as a “Global Pandemic” on the 11th March 2020, was followed by initiation of lockdown in the UK. In response to these changes and following direct experience of the virus, Shofar managed a smooth transition to staggered attendance in response to the social distancing restrictions imposed at the end of March 2020 and a subsequent return to full attendance. However, we acknowledge that risks remain and we will need to adjust our future planning as the impact of the global pandemic unfolds.

4

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

Fundraising

The charity is committed to best practice, as outlined by the Fundraising Regulator, in its approach to fundraising and closely monitors its activities in this area, ensuring that vulnerable members are protected. No professional fundraisers are used by the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. Constitution

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 19 January 2015.

The company is constituted under a Memorandum of Association and is a registered charity number 1160802.

b. Method of appointment or election of Trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Trustees' responsibilities statement

The Trustees (who are also directors of Shofar Day Care Centre for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

5

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

Disclosure of Information to Auditors

In accordance with company law, as the company's directors, we certify that:

This report was approved by the Trustees on 6 September 2021 and signed on their behalf by:

P Israel Trustee

6

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SHOFAR DAY CARE CENTRE

Opinion

We have audited the financial statements of Shofar Day Care Centre (the 'charitable company') for the year ended 31 December 2020 set out on pages 10 to 19. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 December 2020 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

7

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Trustees' Report for which the financial statements are prepared is consistent with the financial statements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

8

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates, and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and the Charities Act 2011. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, reading minutes of meetings of those charged with governance, enquiries with management and review of accounting estimates. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud.

As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Jennifer Pope (Senior Statutory Auditor) for and on behalf of Nyman Libson Paul LLP

Chartered Accountants Registered Auditors 124 Finchley Road London NW3 5JS Date: 6 September 2021

9

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

Statement of Financial Activities

for the Year ended 31st December 2020
Company Number 09395603
Charity Number 1160802
Note
INCOMING RESOURCES
Income from:
Donations and legacies
2
Income from investments
Charitable activities
3
Total Incoming Resources
Expenditure on:
Incorporating Income and Expenditure Account		 Unrestricted
Designated
Total
Total
Funds
Funds
2020
2019
£
£
£
£
-
60,761
60,761
550
1,331
-
1,331
1,311
1,096,340
-
1,096,340
1,364,221
1,097,671
60,761
1,158,432
1,366,082
Charitable Activities
4		 1,088,770
-
1,088,770
1,130,597
Total Resources Expended
Net Income
Transfers between Funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
1,088,770
-
1,088,770
1,130,597
8,901
60,761
69,662
235,485
(46,041)
46,041
-
-
(37,140)
106,802
69,662
235,485
638,460
104,895
743,355
507,870
601,320
211,697
813,017
743,355
The notes on pages 13 to 19 form part of these Financial Statements

10

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

Statement of Financial Position As at 31 December 2020 Company Number 09395603

Statement of Financial Position
As at 31 December 2020
Company Number 09395603
Charity Number 1160802
Note
Fixed Assets
Tangible Assets
10
Current Assets
Debtors
11
Cash at Bank and in Hand
Short Term Investments		 2020
2020
2019
2019
£
£
£
£
361,575
389,825
44,774
24,578
550,541
492,993
103,739
102,408
699,054
619,979
Creditors Amounts falling due within one year
12		 (247,612) (266,449)
Net Current Assets
Total assets less current liabilities		 451,442
353,530
813,017
743,355
Creditors Amounts falling after more than one year
13		 -
-
Net Assets
Charity Funds
Unrestricted funds
14		 813,017
743,355
601,320
638,460
General - Designated Funds
15		 211,697
104,895
Total Funds 813,017
743,355

The notes on pages 13 to 19 form part of these Financial Statements

Approved by the Board of Trustees on 6 September 2021 and signed on its behalf by:

P Israel Trustee

11

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

Cash Flow Statement for the Year Ended 31 December 2020

Cashflow from operating activities 2020
2019
£
£		 2020
2019
£
£
Net Movement in Funds
Adjustments for:
Depreciation of tangible assets
Dividends, interest and rents from investments
(Increase)/Decrease in Debtors
(Decrease)/Increase in Creditors		 69,662
235,485
28,250
42,122
-
3,062
(20,196)
(12,095)
(18,837)
(3,603)
Net cash generated from operating activities
Cash flows from investing activities
Purchase of tangible assets
Net Cash used in investing activities
Cash flows from financing activities
Bank loans
Repayment of borrowings
Interest paid
Net Cash used in financing activities
Net increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
£ 58,879 264,971
- -
- -
-
-
-		 -
(136,500)
(3,062)
- (139,562)
£
58,879
125,409
595,401
469,992
654,280
£
£ 595,401
The notes on pages 13 to 19 form part of these Financial Statements

12

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

Notes to the Financial Statements

1. Accounting Policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Charity has applied all amendments to FRS 102, as set out in the Financial Reporting Council's triennial review published in December 2017, and included in Update Bulletin 2 to the Charities SORP (FRS 102), as required for mandatory adoption for accounting periods beginning on or after 1 January 2019.

Shofar Day Care Centre 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 Company status

The company is a company limited by guarantee and incorporated in England. The address of its registered office and principal place of business is The Sternberg Centre for Judaism, 80 East End Road, London, N3 2SY. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

1.3 Going concern

The Trustees have reviewed the circumstances of the charity in the light of the Covid-19 pandemic, as noted on page 4 of the trustees’ report. The most recent management information, as at 31 May 2021 indicates the charity hold cash reserves of £756k and has net current assets of £511k.

The Trustees have prepared budgets and forecasts taking account of various potential scenarios and are anticipating a surplus for the year ending 31 December 2021 of approximately £5k. The Centre is currently opening 4 1/2 days a week since July 2021 and the results for the year ending 31 December 2021 will depend on this continuing.

The Trustees are cautiously optimistic about the future due to the importance of the education and childcare sector to the country’s economic recovery.

Accordingly, the trustees consider it appropriate to continue to adopt the going concern basis in preparing the charity’s financial statements.

13

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

1.4 Income

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

Nursery fees are recognised in the month to which they relate.

Registration fees in relation to the nursery are recognised immediately upon written confirmation of a child joining Shofar Day Care.

Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Government grants received are from the Coronavirus Job Retention Scheme and are credited to the statement of financial activities as the related expenditure is incurred.

Other income, including merchandise sales is accounted for on an accruals basis.

1.5 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.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company.

1.6 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 company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

1.7 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

1.8 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities Incorporating Income and Expenditure Account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Building costs - 5% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

14

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

1.9 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

1.10 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.

1.11 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.

1.12 Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.13 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.

1.14 Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

1.15 Accruals

The company makes an estimate of accruals at the year-end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.

1.16 Tangible fixed assets

All assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending upon a number of factors.

15

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

2. Income from donations and legacies Unrestricted
Designated
Total
Total
Funds
Funds
Funds
Funds
2020
2020
2020
2019
£
£
£
Donations -
60,761
60,761
550

3. Income from Charitable Activities

Nursery & Registration Fees
Merchandise Sales
Government Grants		 2020
2019
£
£
996,741
1,362,113
1,028
2,108
98,571
-
1,096,340
1,364,221
4. Charitable Activities
Support Expenditure
Wages & Salaries
National Insurance
Pension costs
Support Expenditure
Recruitment & staff costs
Registration fees
Food, milk & related expenditure
Other consumables
Books, sundry & office expenses
Rent		 Activities
Total
Total
2020
2020
2019
£
£
£
271,002
271,002
356,654
716,001
716,001
676,987
50,937
50,937
49,506
50,830
50,830
47,450
1,088,770 1,088,770
1,130,597
2020
2019
£
£
9,826
45,994
923
729
53,926
79,181
8,400
13,948
1,584
5,178
38,450
30,000
Service charges 30,420
29,412
Maintenance
Insurance & rates
Cleaning
Website & IT costs
Telephone
Accounting, legal & professional & governance
Printing & stationery
Depreciation
Bank charges & interest		 13,109
30,325
6,744
5,516
37,035
29,899
7,611
8,207
2,757
3,209
28,672
25,500
2,641
3,648
28,250
42,122
654
3,786
271,002
356,654

16

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

Staff costs
Other Costs
Total
Total
5. Analysis of resources expended by expenditure type
2020
2020
2020
2019
£
£
£
£
Direct costs
817,768
271,002
1,088,770
1,130,597
817,768
271,002
1,088,770
1,130,597
6. Interest Payable
2020
2019
£
£
On bank loans and overdrafts
-
3,062
-
3,062
7. Net incoming resources
This is stated after charging:
2020
2019
£
£
Depreciation of tangible fixed assets:
- owned by the charity
28,250
42,122
Pension costs
50,830
47,450
During the period no Trustees received any remuneration, benefits in kind or remuneration of expenses.		 Staff costs
Other Costs
Total
Total
2020
2020
2020
2019
£
£
£
£
817,768
271,002
1,088,770
1,130,597		 Staff costs
Other Costs
Total
Total
2020
2020
2020
2019
£
£
£
£
817,768
271,002
1,088,770
1,130,597
817,768
271,002		 1,088,770
1,130,597
2020
2019
£
£
-
3,062
-
3,062
2020
2019
£
£
28,250
42,122
50,830
47,450

8. Auditors Remuneration

The auditors remuneration amounts to £6,000, (2019: £6,000)

9. Staff Costs
Wages and salaries
Social security costs
Pension costs		 2020
2019
£
£
716,001
676,987
50,937
49,506
50,830
47,450
817,768
773,943
The number of higher paid employees was:
In the band £70,001 - £80,000
The average number of persons employed by the company during the year was as follows:
Staff
Key Management Compensation
Salaries and other short term benefits
Pension Costs		 2020
2019
1
1
2020
2019
42
39
2020
2019
£
£
102,713
130,413
26,592
24,656
129,305
155,069

17

SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

10. Tangible Fixed Assets

Cost
At 1 January 2020
Additions
Eliminations
At 31 December 2020
Accumulated Depreciation
At 1 January 2020
Charge for the year
Eliminations
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Furniture &
Equipment
Computer
Equipment
Building
Development &
Improvements
Total
£
£
£
£
51,959
14,608
509,645
576,212
-
-
-
-
-
51,959
14,608
509,645
576,212
49,911
13,162
123,314
186,387
2,047
723
25,480
28,250
-
-
-
-
51,958
13,885
148,794
214,637
1
723
360,851
361,575
2,048
1,446
386,331
389,825

All Tangible Fixed Assets are used in the furtherance of the Charity's objectives.

11. Debtors 2020
2019
£
£
Trade debtors 28,580
18,538
Prepayments and accrued income 16,194
6,040
12. Creditors: Amounts falling due within one year 44,774
24,578
2020
2019
£
£
Trade creditors
Other creditors
Other taxation & social security		 17,738
16,116
8,678
8,499
11,135
15,797
Deposits 160,255
165,995
Accruals & deferred income 49,806
60,042
247,612
266,449
13. Analysis of Net Assets between Funds
Unrestricted Funds
General Funds
Designated Funds		 Tangible
Net Current
Fixed Assets
Assets
Total
£
£
£
361,575
239,745
601,320
-
211,697
211,697
361,575
451,442
813,017

18

SHOFAR DAY CAR CENTRE (A Company Limited by Guarantee) Company registered number: 09395603 Charity registered number: 1160802

14. Statement of funds Movement in Funds:

General Reserve		 Balance at
Income
Expenditure
Transfers
Balance at
1 Jan 2020
31 Dec 2020
638,460
1,097,671
(1,088,770)
(46,041)
601,320
Designated Funds
Major Works & Repairs to Sternberg Centre
Bursary and Hardship Fund
Distribution Fund
Development Fund		 48,144
-
-
20,000
68,144
4,830
-
-
-
4,830
51,921
-
-
26,041
77,962
-
60,761
60,761
Total Designated Funds 104,895
60,761
-
46,041
211,697
Total Unrestricted Funds 743,355
1,158,432
(1,088,770)
-
813,017
The Bursary and Hardship Fund - to fund a bursary schem
The Major Works & Repairs to Sternberg Centre - an amo
of the site.
The Distribution Fund - Shofar is a party with four other ch
variable rent or donation to the other four charities, of s
Shofar in the year ended 31 December 2019 and 31 Dece
ongoing pandemic and its effect on operations and results
transferred the relevant amount to a designated fund to b
The Development Fund - to support the development of S		 e to support parents who have need of financial assistance.
unt set aside by the Shofar board to be used for future refurbishment costs
arities to an agreement, the terms of which allow for a distribution, by way of
urpluses earned by Shofar above a certain amount. The surplus earned by
mber 2020 would normally have given rise to such a distribution but, given the
in 2020 and 2021, the distribution has been deferred. The Trustees have
e held by the charity for the time being.
hofar Day Care Centre.

15. Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £50,830 (2019: £47,450). £2,566 (2019: £2,560) was outstanding at the year end.

16. Related Party Transactions

There were no related party transactions during the year.

17. Operating Lease commitments

The company has entered into an open-ended operating lease with base rent payable of £30,000 per annum.

At 31 December 2020 the total of the Charity’s future minimum lease payments under non-cancellable
Less than one year
2-5 years
Over five years		 2020
2019
£
£
operating leases was:
30,000
30,000
120,000
120,000
130,000
160,000
280,000
310,000

19

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