2023-12-31-accounts

04YcARE NURSE SHOFAR DAY CARE CENTRE (A Company Limited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

SHOFAR DAY<XRE CEPITRE (A Company Limited by GuJrJfftt&) Company registered number: 09395603 Charity reglslered number: 1160802 .'SholOI- Page Relerence and Admlnlstrative Dotalls of the Charity. its Truslees and Advisers Trustees. Report 3-6 Independent Audltors. Report 7-10 Statement ot Financial A¢tlvltles ststement of Financial Positi 12 Statement of Cash Flow$ 13 Notes to thè Finaneial Stalwn•nts 14-20

SHOFAR DAIQJRE CENTRE (A Company Limited by Guarantee) Company reglstered numljer: 09395603 Charlty reglstered number: 1160802 .'SholOI- REFERENCE ANO ADMINISTRATIVE DETAILS OF THE COMPANY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 20tJ Rabbi M Berger {reSig￿d 15th April 20241 A Biownlie C Giaham (appointed 22 March 2024} M Hairis Iresigned 15 April 20241 P Israel Iresvjned 15 Aw'l 20241 R Levenson Rabbi Josh Levy Iresigned 15 April 20241 Judith Levy l appointed 15 Apn'l 20241 M SaffeT Company registered nurnber 09395603 Charity r•gisl•r8d numbor 1160802 Rog1$t•r￿ office The Sternberg Centre lor Judaism 80 East Road London N3 2SY Audltors Nyman Llbson Paul 124 FinCh￿Y Rd London 35JS

SHOFAR DAY<ARE CENTRE (A Company Limiled by Guarartee) Company r¢gi¥t•red number: 09395603 Charity registered number: 1160802 -'ShofiOI- 04rcAÉ TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present treir ann￿￿ report toggthgr thè linartial statements ol Shofar Day Care Cenlre lor the year er)ded 31 December 2023. The Financial SLitements compty wilh the. the Companies Act 2006. fv Memorandum and Articles ol Associalion arKI Accounting and Reportir¥J by Charities= Statement ol Recommended Practice aFplKable to charities preparing their accounls in accotdance with the Financial Reporling Standard aFplicable in the UK and ihe Republic ol Ireland {FRS1021 (effective 1 January 20151, as amerKled by Update Bulletin 2 lelleclive 1 January 2019). Oblectlves and kllvltles . Poucles and obfrctlves The objectives ol the chartty a￿ to:_ Al Advance the devebprnenl and edu￿tiOn of children prirnanly under Ihe age ol five. in particular by establishing aThY running a chthkare nursery wthich promotes the ett)os and values ol Retom Judaism. 81 AdVa￿e religk)n by teaching. practising and promoting Ihe beliefs arJ practices ot Reform Judaism Cl Provide charitable support and assistan￿ to The Movement lor Reform Judaism. Finchley Reform Synagogue. North Western Reform Synagogue and to Leo Baecl< College lor any successor bodies) for so long as such olganisations are Charitab￿ in aceordanee wrth EThJlish Law. and DI Undertake or support such other ancillary and int￿lental exclusively Charitab￿ purposes as the trustees in their absolute discre1￿ think fit. In shaping the oty8ctives of the d)arity. the trustees have c￿s￿lered the Chaiity Commission's gUIda￿e on wbkc benefit. Aehlevements and pertomwnce - Review of •ctIvit￿¥ The nursery offers a range of actNities including those Ihat embrace Jewi$h1garning and lestivals. For Shofar it was another succosslul year. through excellent management of chihjrgn numbers arKI dasses. The nursery Continues to prioritise the retention ol quality permanent staff lo support its chiklren and continues to pay the LoTrJon knvbrvJ Wage to those who engage in appropriate Iraining, in order lo encourage ￿ntInued wolessional devebpment ol staff. even in Ihe current inflationary environmenl. The luluie plans and developmenl of Ihe nursery remain conslstenl with Ihe prevKJus years and are lo continue lo maintain a lull complement ol children across all age groups. Ollering excellent care. education and community through well-qualified slall, with core Jewish values. To offer values-based rathe¥ than rules based intrcductson to Judaism, through the 3 wtsms- Community, Ritual and Practice arKJ Jewish Values and to be as indusNe as p)ssitAe.

SHOFAR DAY(ARE CENTRE {A Company Lrmit*d by GyJr•ntee) Company registered number: 09395603 Charity reglstered number: 1160802 -'SholOI" FINANCIAL REVIEW

. Golng concern

Al the reporting date the charity held £801.236, (excluding refundable deposits) compared lo £733.301 in 2022. in cash and short tem imiestments. and had net current assets of £636,170 compared to £546.629 in 2022. all ol whth was unrestricted. The projecled net surplus lor the nexl 12 months is around £120k. The projected norrn￿ expenditure for the next 12 months is £1.436k. which means CUTrenl reselves would cover lour months if no income was available. This is in line with the charity's current reserve policy of 4 months ex[*￿11￿￿ being hekl in reserves tOget￿r with appropriate development and fixed asset reserves. The Trustees have reviewed the circumstances ol Ihe charity afKI consKler that resources continue lo be available to fur￿ the activities ol the charity lor the loreseeable lulure. Accordingly. the trustees eonstder it appropriate to eontinue io a(bpt the going concern basis in preparing rts financial statements. b. Reserves poli¢y &'nce irKeplion the Chwily has Ic¢used ￿ r&siNJ funds lo finance the opening improvefflenl ol the Cenlre bul is now in a posrtion to set aside funds lo Ixjitd a reserve. The Trustees have eonsiderthj the risks faced by charity arxl have taken arvopri￿e steps to address the related issues. The current rese￿e$ policy ol the trustees is to have enough reserves to cover al least four months expenditure, projected specific repairs and maintenance costs and repairs driven by lease obligallons. The total reserves are £938.034. {£883,168 in 20221. unrestrided reserves are £796.503.1£740.023 in 20221 and deS￿nated reserves are for the deposrts due back to parents £151,531.1£143.145 in 20221. After taking into account the fixed assets 01 £301,864.1336,539 in 20221 lor 2023 and 4 months running cosls 01 £344,325.1£313.055 in 20221, the balance ol unreslricled funds for 2023 is £140,314,1£90.429 in 20221. Attention has also been focused on non-fina￿la1 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 lor stafl working in Ihese operat￿nal areas. c. Flnanclal performance During the year the charity received £1.432.164 of ir￿me. 1£1.266.009 in 20221. Expenditure on charitab￿ aclivities amounted to £1.377.298. (£1.252.221 in 20221. This resulted in nel in¢oming resources of £54,866,1£13.835 in 20221. d. Rlsk asses%n8ni The trustees have identi1￿d the major risks ol the charity and are salislied that syslems and procedures are in ￿a¢e to mitigate exposure to the risks %there pM)ssible. As part ol ihe chariws risk management slraleoy the trustees will review the principal risks annually.

SHOFAR DAY4IRE CEpmiE (A Company Limited by Guarartht) Company registered number: 0939S603 Charlty regl$tered numbeT: 1160602 -'SholOI" tn ordeT to rnanage risks #nd uncertainties, Shofar has a risk regisier which is reviewed periodically by the Trusiees. The Regisier includes details of poiential risks and their poteniial impact iogethei with control pl￿edureS to manage the risks. All risks scored to give their overall risk and the retained risk after adopting the control proccdufe5. The highest scoring CUTrenl risk is security threats especially due to the current Si￿ation in the Middle East. To minirnise this risk Shofar liaise5 with Manor House staff and CST and where il is felt necessary has asked for additional hours of Security guards on duty for the site io ensure the safety of all children and care￿. Fundraising The charity is committed lo best waclice. as outtined by Ihe Furtdraising Regulator. in its approach lo fundraising and cjosely monitors its activibes in this area, ensuring that vulnerable members ale protected. No profess￿nal luThaiseis are used by the charty. STRUCTURE, GOVERNANCE AND MANAGEMEP •. consti￿tIOn The company is registered as a charitable ￿MpallY limrted by guarantee and was set up by a Memorandum ol Assouab'on on 19 January 2015. The company is constituted under a MemoraThlum of Association and is a registered charity numter 1160802. b. Methixl of oppolnlment or ele¢llon of Trustees The management ol Ihe company is the respyksibility ol the Trustees who are elected and co-opted under the terms ol the Articles ol Associalion. The Truslees are regularly kept up to dale with Chanty Commission changes arKI polKies and all new Tiuslees urJergo an irKluction prLKess lo equip Ihem for ￿adIng the organisatKsn. Trusie¢s' r¢spon$lbllltles statem￿1 The Truslees (who are ￿s0 direclors ol Sholar Day Care Centre lor the purp)ses ol company lawl are responsible lor preparing the Trustees, ReForl and Ihe financial statements in accordance wff(h applicable Jaw arxl Uniled Kingdom Accounling Siarxlaids (United Kingdorn Generally Accepted Accounting Praclicel. Company law requires the Trustees lo prepare tinancial slalements for each financial year. Under company law the Truslees must not approve the financ￿1 statements unkss they are satisfied that they give a true and fair view of Ihe slate ol affairs ol the charitable company and ol thg I￿orning resources and ap￿IcatIon ol resources, including the income and expendrture, ol the ¢hafitable company lor that pgriod. In preparing these fina￿81 5Liternents, the Trustees are required lo.. seleet suitable accounting poliaes and then apply them eonsistendy.. observe the methods and prin¢ipl¢s in the Charities SORP., make judgments ￿ accounting eslirnales Ihal are reasonab￿ and W￿lent,. prepare the financi￿ statements on the going concern basis unless it is inappropriate lo p￿sUMe Ihal the charitable company will continue in operation.

SHOFAR DAYse with reasonable accuracy al any time the financial FKssilion ol the charitthe company and enable thern lo ensure that the financial slalemenls mply with the Companies Act 2￿6. They are also responsib￿ lor saleguarding the assets of Ihe charitable company a￿1 hence for taking reasonable steps lor the prevenlion and detection ol Iraud and olhef irregularities. In preparing this rekY)rt, the Trustees have taken advantage of the small comparHes exemptions provided by section 41 SA ol the Compantes Act 2006. Dl$¢lo$ure ol Inlornialion to Audltors In a￿OrdanCe with company law. as the ¢ompanYs directors. we certrfy that: so lar as we are aware, there 15 no relevant a￿111 information ol wh￿h the companYs auditors are unaware.. arKI we have taken all the steps Ihat we ought lo have taken in order lo make ourselves aware ol any relevant aLKlr( information and to estauish that Ihe companys auditors are aware ol that infomiation. bl This report was approved by the Trustees on 23rd September 2024 and signed on ￿1r behall by.. M Safler Trustee

SHOFAR DAYARE CEfnRE (A Company Limiled by Guarantee) Company re9lstered number: 09395603 Charlty Ieglstered numb¢r: 1160802 -'SholOI- Independent Auditors, Report To The Trustees of Shofar Day Care Centre Opinion We have audited the financial statements of Shofar Day Care Centre for the year ended 31st December 2023, which comprise Ihe Statement ol Fbnancial Activits. the Slalement ol Financial Position, the Slalemenl ol Cash Fbws, aThJ the relaied notes, including a summary of significant accounting policies. The financial reporting Iramework thai has been applied in theirp￿Parats0n is appI￿L￿e law and United Kingdom Accounting Standards, including Financial Rep)rbng Standard 102 'The Financial Reporting Slandwd applicable in Ihe UK and Republrcol Ireland. IUThted Kingdom Generally Accepted Accounling Praclicel. In our opinion the financial statements- Gwe a true and view ol the state ol the charitable compan￿$ affairs as al 31st December 2023 and ol its surplus tor the year then ended., Have been properly wepared in accordance with United Kingd￿ Generally Accepted countiTrJ Practice: arvj Have be8n prepared in accordance wilh the requirgmgnts ol the Companies Act 2006. Basis for opinion We conducted our audil in accordance wth Intemational Slarvjards on Auditing lu￿ {ISAs IUKII and applicable law. Our responsibilities under those standards are further described in the ALKlrtors' responsibilities for the audit of the linancial statements section ol our report. We a￿ indepgndent ol the eharilable company in accordance with the ethvl requirements thai are relevant to our a￿lIt of the tinancml statements in the Uniled Kingdom. including the Finaneial Reporting Council's Ethical Standard. and we have lullilled OUT Other eth￿al Teswnsikn"libes in accordance with these requiremenls. We believe that the audrt evrdence we have oblained 15 suifrcient arnl appropriafe to wovkle a basis lor our opinion. Conclusions relati￿ to going concern In aUdIt￿g the financial staternents. we have cond1￿ that the Trustees. use of the going concern ba￿$ ol accwnting in the preparation of the financial statements is appropriate. Based on the V•trk we have Fertorrned. we have ￿t hntIr￿ any maleriat uncertainlies relating to events or conditions Ihal, indrvidually or ¢dlectively. may cast signiliwt trjubt on Ihe eharitable ompany's ability to continue as a going concem Iiy a p¢rKJ ol at least ￿e1ve months from when the financial ststemenls are authorised lor issue. Our responsibili11gs and the resFKll5ibilih"es of the Tntstees with resF*Ct to goirvJ C1>￿ern a￿ described in the relevant sections ol this report.

SHOFAR DAAARE CENTRE (A Company Limited by Guarants¢) Company registered number: 09395603 Charity registored number: 1160802 -'ShoioIi" Other information The trustees are iesponsible for the other infomalion. The other inlormab.on comprises the information included in the Annual Report. olher than the linanciJ statements anil our Audrt¢ys' Report thereon. Our opinion on Ihe financial statements does not cover Ihe inlomiation and, except to the extent olherwise exKAicitly slated in wr report. we do not express any fcKm ol assurance conclusion thereon. In connection with our audst ol the financial statements, our reSP)ns￿l11ty is to Tead the other informatson in doing $0. Consider whether the olhef inlofmation is materially itxonsislent the linanoal statements or our krK)wledge obtained in Ihe audil or otherwise appears to be materially misstated. 11 we identify such material inconsistencies or apparent malerial misstatements. we are required to determine whelhei there is a M￿ella1 misstement in the fr"naneial statements or a material misslalemenl of the olhef inlomiatK)n.11. based on the work we have perfomied, we conclude thal there is a maleiial misstalement ol ihis other inlomiation, we are required lo report that lacl. We havg nothing to reFQrt in this regard. Opinion on other rnatte￿ pre¥ribed by the Companies Act 21K16 In our opinion, based on the Work u￿lertaken in the course ol the audit: The information given in the Trustees, Report lor the financial year lor which the financial statements are prepared is consislenl with the financial statements., and The Trustees. Rewrt has been p￿pared in a(tordance wlh appI￿able legal rewiremenl5. M•lters on which we are required to report by exceptiin . In Ihe light ol the knowl&Jge and understsrKling of the charit￿eCOMpanY and ils environment obtained in Ihe ¢ourse of the audit.. we have not Jentrfth material misslatements in the Trustee's Report. We have nothing to report in respect ol the following matters ￿ relation lo wh￿h the Companies Acl 2006 requirgs us to reFth to w il, in our opin￿n. Adequate accounting records have not been kept, or returns adequate lor our audit have not bgen r￿e1ved Ir¢)m branches not ￿sited by us.. or The financial slalemgnts are not in agreement wlh ts accowting records and returns. or Certwn disdosures ol trustees. remuneration sp￿ffied by law e not made., oi We have not receNed all the infomiation and explanations we require lor our audit,. or The Iruslees were not enlthed to prepare the financial statements in accordance wilh the small ompanies, regime and take a(fvanlage ol the srnall wipanies. exemptions in preparing the Truslees. Report. Responsibllitles of trustees As explained more lully in the Trustees. Responsibilities Statement on page 4. trustees are responsible lor the weparalKM ol the financial slatements and lof being satisfied that they give a true and laTr view. and lor sueh 1fttern￿ control as the trustees detsrmine is necessary lo enable the

SHOFAR DAYaRE CEHTRE (A Company Limited by Guarantw) Company registered numbei: 09395603 Charity r¢gistered.number: 1160802 .'Shotol" 04p¢411 NuS1 preparation ol Inancial statements Ihal are free trryn material misstatement. whether due to Iraud or error. In preparing the financial statements. the truslees are iesFxmsible for assessing the charitable ompany's ability lo continue as a going concern, discjosing. as apPI￿le. matters relaled lo going concern and uwng the going Concem basis ol accounting unkss the trustees either intend lo liquidate the charitable company or io cease operatKJns,"or have no realistic alternative but to do so. Auditors, responsibilitie5 for the audit ol the financial statements Our objectives are lo obtain reasonaye aSSurar￿e about wheiher the financial statements as a whole are Iree fvom material misstalemenl, whether due to fraud or error. and to issue an ALKlitois' Report that includes our opinion. Reasonable assuran￿ is a hKJh level ot assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI ￿111 always delecl a malerial misstalemenl when il exists. Misstatements can arise from IraL￿ or error arvj are ¢onsKlered material rf. ¥￿￿1v￿￿Ua1Iy ￿ In aggrggale. they could reasonably be expected to influence the ￿Onom￿ (cisions of users taken on the basis 01 these linancial statements. Irregularities. including fraud, are instances ol rKJn-compliance wih laws and ￿gUlationS. We design procedures in line *￿th our responsibililies, ouoined above, lo detect Materi￿ misslalem8nts in respect ol irregularities. including Iraud. The extent lo twhth our ￿edureS are capable ol detecting irrggularilies, including fraud is detailed bekJw= We gained an understanding of the legal and fegulalory Iramewoik appI￿able lo the charity and the industry in which il operates, and considered the risk of acts by the company that were contrary to appliethe laws and fegulations, induding fraud. We dwned audit wccedures to respond to the risk, recognising that the risk of not detecting a material misslatement due to fraud is higher than the iisk of not delecliTha one resutting from eiror, as fraud may involve deliberate Conce￿Ment by, for example, forgery or intentional misrepfesentat￿ns, or through collusK)n. We locussed on laws arKI regulations vthich c(MJld give rise to a material miSstatem￿tt in the linancial slalements, including, bLrt not limited lo, the Charities Act 2011 and Companies Act 2006. Our tests tr￿luded agreeing the financial slalemenl discbsures to urrfledying supporting thxumenlalion and enquiries with management. There are inherent limitalions in the audr( prwlures described above and, the further removed non-compliance wtlh laws and regulatsons ts from the events and Iransaclions reflected in the financial statements. the less likdy we woukl become aw￿ ol it. We did not id&nlily any key audil malters relating to irregularibes. including fraud. As in all our audils. we also addressed the risk of management overrKle of internal controb. I￿luding lesh.ng journ￿$ and evaluating whether there was evidence of bias by the trustees that rewesenled a risk of malerial misstatement due lo Iraud. . A further description ol our responsibilities lor the autht of the financial statements is located on the Financial Repo￿.ng Councifs website al.. TrfWW.Irc.¢Yg.ukJauditcKsres￿nsIbl1rtIes. The descriplion foms part ol our Audilofs. Repx)rt.

SHOFAR DAY¢ARE CENTrE (A C¢Mnp4ny Limited by GuJraThtee) Company regISt￿ed number: 093W•03 Charity reglstered number: 1160802 -'SholOI" Use of our report This rep)rt is made soletyto the charitable companls members, as a tody, in accoidance Mlh Chapter 3 01 Part 16 01 the Companies Acl 2006. Our a￿111 wor* has twn u￿rtaken so that we might state to thè charitable compan￿$ members Ihose matterswe are required lo slate lo them in an Audilors. Report for no other purpose. To the lullest extent permitted by law. we do not accept or assume . reswIns￿llr(Y lo anyone other Ihan the charitat4e company and the charitable companys members, as a body, lor our audit W￿k. lor this re￿rt. Of for the opinions have lomied. Andrew Thomas ISenK>r Statutory A￿jitOr) for al￿ on behall ol Nyman Libson Paul LLP Chartered Accountants Statutory Auditors Regina House 124 Finchley Road London NW3 5JS Date: 25th Septemtrw 2024 io

SHOFAR DAY•RE CENTRE (A Company Limited by G￿raThtee) Company registered number- 09395603 Charity reglstered number.. 1160802 -'SholOI" Incorp¢)rating Income and Expendityre Acc¢Junt for the Year ended 31st December 2023 Company Number 09395603 Charity Number 1160802 Total 2023 Funds 2V22 Income fronk. I(￿1 1,426,477 2,041 1,426,477 Charitk xtMiE5 1262 T•lal In¢omiwJ Rewv¢ Expendlwre ￿. Charif&ie ActMti"e5 iJ7729B 1377,298 J25Z22J 54210 14,7401 4.740 Nttmtyrtm•ntift Att1￿£1[all0fi of fund&. Totsi furlts fowd 7440 14145 531 Mtes on pbjes 14 to 20 forni pat oftl¢ Sta•rvts li

SHOFAR DAWE ceNTRE {A Company limited by Guarantee) Company reglslèred number: 09395603 ch￿ilY registered number. 1160802 -'SholOI- Statement of Flnanclal Pogli( As at 31 December 2023 Company Number 09395603 Charlty Nuffthr IlfJ)802 2023 R¥ed TarrfJib￿ Assets 301 336539 CurrentAssets tttors Cash al Ba￿ aThJ n Haml io 24526 195,tK4 757 012 976,942 27,799 279,054 91J,$24 Qeknr5 AJTh)tnts f41irwJ th Mth'n LTh li NetCufftntAss¢ts 636,170 Totsl ats le*¢urr¢nl labllles 936￿34 883,168 rJoJitor5 falir¥J rruE arity Fund5 unrestn.rtal funds 786503 151,531 740,023 143,145 Tolal Funds The notes on pages 14 to 20form part ofthese Finanaal Statements Approved by the Board of Ttysrees on 23rd September 2024 and $i￿tI on its bv: Saffef Trustee 12

SHOFAR OAYaRE CENTRE (A Company Limited by Gu•rantee) . Company regislered number: 09395603 Charity re9i$ter•d numbei: 1160802 .'SholOI- Cash FID￿s￿￿mentfor the Year Ended 31 December 2023 Net Mov8na in Fur Adjustrnts for: Dq>rtriation of tsngible assets D￿ld￿d$, intu& aTrJ rwts ￿NeStM￿ {InCreasellD￿rea5e in Dd)tor5 Inue35el{Crnl in Crajit￿S 34,675 32,803 3,273 (24,423) (1,988) 65,499 Iletca5h generated from opernting aclknlies £ W391 114149 &￿rthOSe of tsngitAe assds (9,633J Net Cash used in Mweslbng athit {9,633) Net increase in ¢ash aThl equknlents In the >*ar Cash and cath 8wivalerts t￿]InnIng of the ye 391 884,025 1ffj516 783,509 Cash and ¢ash equirdlents atthe end orth¢ 951416 The notes on page$ 14 to 20form part of these Financial Statements 13

SHOFAR DAYaRe CENTRE {A Company Limited by Guarantee) Company reglstered number.. 09395603 Charily re9iStered nurnber: 1160802 -'Shoio4i" 04Vc41E Nv•sI Notes to Ihe FlTraTrci81 Slotements l. Accounting Policies 1.1 Basis of preparatl(bn al finana•l st•terne The financial statements have been prepared in accordance wÉth Accounting and RepNtirBJ by Charities: ststement of Recommended Pracb"ce ap[￿{CaLle to charities preparitvJ thar acwjnts in accordan￿ with the Financial ReFQrtI'ng Standard a￿lc31￿e in the UK and Rewblic of I￿￿r￿1 (FRS 102) {effective I January 2015) - (Charities SORP {FRS 102)), the financial ReportiThJ Stsndanl applicabk in the UK and Republic of Irela￿[ (FRS 102) and the Companies Act 2006. The Charity has applied all ameThlments to FRS 102. a5 set OLrt in the ￿nanual Repxting Council's triennial review published in December 2017. and induded in Update Bulletin 2 to the Charities SORP (FRS 102}, as required for mandatory ader it appwiate to cortinue to adopt the gjing corKem basis in preparing the tharivs finanoal ststements. 1.4 Income Income is recognised ortt the c(xnpany has entitknent to the fuThJs. it is probat4e that the income will be receNed and the amount of incw* reCeivaL￿e can be measured reliabty. Nurw fees a￿ recognised in the month to whth relate. 14

SHOFAR DAWARE CENTRE {A Company Limited by Guarantee) Company reglstered number: 09395603 Charity reglstered number: 116(1802 .'SholOI" Registrati￿ fees in relation to the nursery are rwni5ed imme(fotdy uwi written mnfirniation of a chil(J joiniThJ Shofar Day Care. Income tsx recoverable in relati￿ to dtywtions retaved under Gift AJ is recognised at the tlme of the th)nation. Other income, indudiThJ merchandise s$ is acc￿nted ￿ on an accruats basis. 1.5 Expendlture Expendthjre 15 reccgnised orKe thtte is a legal or con5tnKtive obligation to transfer economic benefit to a third party. it is probable that a transfer of economK benefits will be required in settlement and the arn￿nt of the obligation ¢an mea9Jred reliably. Costs of genefating fur#ts are costs irturred in attractir#J Nduntsry i￿ne. and those ir￿red In trading activities that raise funds. Charitable actimts'es and governan￿ costs are costs In￿rred on the cwanvs educat￿1 operatKmS, including SUPFQrt costs and costs relating to the goVerna￿e of the company. 1.6 Fund accounting General funds ore unrestricted funds whtch are availab￿ for use at tt￿ discretion of the Trustees in fvrtherance of the general objettive5 of the company arnl which have not been designated for other Designated lunds comprise unrestricted fun(ts that have be￿ set aside by the Trustees for particular purkx)ses. The aim aThl use of eath deswJnated fund is set ojt w) the ncts to financial statements. 1.7 Pensions The company operates a defined contr11￿￿on Ftn5lC￿ scheme aThJ the pension d￿rge represents the amounts payable by the compary to the in of year. 1.8 Tan9lble fixed assets and depr¢(iation A review impairment of a fixed asset is carrted OLrt ff events or changes in orcumstances indicate that the carryirv4 value of any fixed asset may not be recoverable. Shortfèlls be￿een the carryirwj value of fixe(J ossets and their recoverable am￿nts are reco3n1￿ as impairnients. Impairment losses are reccgni5ed in the statern￿l of Actsvil￿$ I￿OrE￿)￿ti[￿J IrKome and Expendiiwe AccounL Tangible fixed assets are Ca￿led at cost, nd of depreoation and any provision for impairment. DePr￿lation is promded at rate5 (akulated to write off ￿ cost of fixed assets, less their ests'mated restdual value. over ￿r experted useful lives on the fOllu￿1r4J bases: Building costs 5% on cost Leasehold Improvements 20% on cost Fixtures and fittings 25% on cost Computer equipment 25% on c05t 1.9 Enterert recelvable Interest on funds held on dwsfc is induded when receivat4e the amount can be measured reliably by the companyi this is r*r￿m011V upon rKkffication of the interest paid ¢y payable by the Bank. 15

SHOFAR DAYJRE CENTRE (A Comparny Limited by Guarantet) Company registered number- 09395603 Charity reglstered number: 1160802 -'SholOI- 1.10 Debtors Trade and other debtors are reccgnised at the setuemert omount after any trade di5CDUrt Offe￿d. Prep3yry￿nts are valued at the amount prepaid rt of any trade ￿￿Unts due. Lll Cash at bank and In hand Cash at bank and in hand indudes cash and s￿rt temi h￿hlY liqu￿ invesknents with a short maturity of three mcth or kn from the date of ￿Ul&tiOn or LWliThJ of the deposit or similar account. 1.12 Credbtors Creditors and Provi￿￿5 are recognised wI￿e the charity has a wesent obligatton resultiNJ from a past event that will probatHy result in the transfer of funds to a third party and the amount due to settle the obligation can be measured ￿ estimated rdiabty. Creditors and pr￿sK)n5 are n￿rnallY cLyJntseé at their settlement amount ats albwing for any trade discounts due. 1.13 Financial instrumabts The charty.only has f￿anaal assets arhl fina￿la1 liabilities of a knnd that qualify as basic financyal Instruments. Basic finanaal irthmerts are inthlty recognised at transaction value 5ubsequendy measured at their settlement value. 1.14 Judgements in applying accounting policios and key source5 of estimation uncertainty The p￿paratIOn of the financial ststements ￿UireS management to make judgements, estimates and assumptiorfj that affect the amounts rep)rted ￿ assets and IkiL¥libes as at the reporb.ng date and the amounts reported for revenues and experw during the year. However. the nature of estimation means that ￿la1 could differ from tr￿se estima 1.15 AccnAIs The company makes an estimate of accrua￿ at the year-e￿I based ors Invol￿ recaved after the year end and work undertaken whith has been invoiced based (m ¢Wati(￿S or estimates of amounts that may be due for paYft￿ 1.16 Tangible fixed assets All assets are depreciated over their useful lives Liknng acCC￿nt residual value5 where appropriate. artual lives of ￿ assets and residual values a￿ assessed annually and may vary deperding upon a number of fact￿5. 16

SHOFAR DAYCARE CEpifRE (A Company Limlted by Guarnntee) Company reglstered numbef: 09395603 Charity registered number: 1160802 -'SholOI" Z Incomfrorn donalwJTrs and lews Tolal Fund5 Fund5 Funts 1.421,9)6 IA61.746 263 Ss &TrwrfJ 477 ChxMa &•Ltr4its Tolal 23 Tvtsl 2022 23 )wt EX[w￿rt￿e Wajes & sol￿e5 Narkyd Insuw Pffision costs 342,789 810.295 61J07 342,789 810,295 61.307 69￿68 32Z926 385 56A51 60,05 221 MwtExwdknre X123 10,502 1,744 7,658 n fee5 foc>J, mik & reloJ other u)rffjurnab￿5 8ooks, surKlry & ¢)ffte 12,917 4,4rf2 31200 34,032 39,973 3,971 maIn￿an Insurdrtt & rs Ckning 20fi63 7368 8,768 Tdoh)nÈ 4,051 33,OC U17 34,675 633 Prinb'rtg & stalvJrRry 1,173 32,803 609 k thwge5 & ￿￿￿ESt 17

SHOFAR DAYARE CEiifRE (A Company Limlted by Guanntee) Company regi￿er8d number: 09395603 Charily regislered number: 1160802 .'SholOI- 04￿cARE NQ8% Totsl 2023 2023 .￿ (osts 77 rotri 2022 .J22 Thi5 is #ated dWyw￿'. c￿￿]0t￿an of aets: 34,675 32.803 costs 7. Audknrs Renwjnevatlo |The b) ÉIO.WJ12022: £9.6￿) 2DZI Wajes slaies SrThl so)Jrity cost5 810295 61J07 69 ¢,385 56,851 470 2022 35

)22 Sknie5 and Olherslbjrt tenn b 138,605 35,474 J36J33 7,999 17 079 18

SHOFAR DA)l￿E CEIITrE (A Company Umlted by Guarnntae) Cornpany reglstered number: 09395603 Charity registered number: 1160a02 -'SholOI" 4)4c4ftE 9. Twlbk flxtd Asséts eulldli¥J Total . At l January 2023 53J78 1&142 544,745 616265 iminabor At 31 t>Kemter 2023 At l Jonuary 2023 ,Charye for the year .Ellrtia¥ors At 31 Oecemtr 2Q23 52J13 3SS 15,491 211,922 33,436 279,726 34.675 Netbook ¥alue At JI D•c•rnber 2023 ?io ,At 31 2011 ffj5Z 10. Deblo 2023 2022 Tr•Je debtc 14.104 10.422 15663 12,136 11. Cr¢dittivs: Amountsf41kn9luTRhln wyear 2023 2022 Trnde uedttor5 9ml 3,7Th1 15,016 15,287 150,724 103.454 64508 Oeposit5 Gr￿ to PartnÈf th￿11<$ .Acuuds & deferred 151,180 93.039 62,882 11 Analysls of Net Assets berw¢¢n Funds t4¢tCrnnl T•tsl 2013 2023 2023 Utyrestrlcw Fund$ General Funds De4gnatEd FuTrJs X*iA64 484.639 J51.531 786,503 151531 Tanglble Iletcwryent rrtai 2W2 2022 Unre#rfrt•d Furtds Funds cty"￿ated Fur4Js 401484 143 J45 740,023 J43145 19

SHOFAR DAW CEpifRE (A Company Limtted by GAnts¢) Company registered number: 09395603 Charlly registered numbe¥. 1160802 -'SholOI- 13. Siatementoffvnds Movement kn Fun￿. Oalanoat Expendlwe Tr4nsf¥s Balance at l)an 2023 31 OÈt 3023 .Ggner•l RoS•fYg 740IJ23 1,428.518 {iJ772981 14,7401 786,503 Oeslgnat•iE FurKIs IM4orWorf(s & Repair510 Stoirery C•r• 18ursary and Har¢y .'De¥¢bpwent Fwd 'Total Designated Ful￿ i(¢,1 20,r#x) 128,144 30,171 143.145 115,2601 4.741 18,557 151,531 Total UN•strt•d Funds 164 Transfws Oalanceat 31DK2022 ljan 2022 ,G•n•r•lR•s¢ThY ,D•slgnat•dFunds .MaprWor$ 8 Repairs to St¢rntsry C￿1 BurswyandHwdshipF¥Thl 06velowMnlFund TotslOesignaledFunds 737.SW J26Z856 (J2SZ2ZIJ 744023 4,830 JO,J71 143,145 38,451 131.4 (ii.wJ 8520 'TotslLknstrKledFunds 221 Tht Majcr Wcrts & ￿E￿s to Cwbp. set iy thèthr tr) be fr ￿re refrJrtA51wnent 'Cr￿lI of thè site. Thi Bursw¥ aTh1 FWKI. to 10 9JFPJt btrj need of fin¥L31 as￿. 14. Perdion commitments The iemFony eFatss a defined centrknth F¢￿ft stheme. The Fith &%t rq¥e5ents C￿n￿lIU1￿?ns F4Vab￿ ccthpny to the l￿d and lo £69.86812022'. £60,E4)51. £5,fo)412022'. £5,604) w￿5 oUtsi￿￿¢￿j al ￿ year end. .15. Related PaityTraftsacthn5 The tharlty is pty to è IlerfKwdLhm d UThJetstsfdw¥J IIXI) ith a ruThbeF of c￿e5 dwi￿1, hyo ol whith {finth1￿ Refom SYnèJOg￿ and Wtst Rth a sl¥knt as a re￿￿t of r¥Jhts fdatin9 to the aFs¥JIib￿rt clTn .tXff¥W the year, and In xcudante tt commttJ to dwikt4e ¢1 £93,039 12022.. ,£103,4541 in to￿ to ttr c 16. Operallng Leasecommliments The wmwy has £rt£red ￿t0 an ith bose rert w4e cl £30X4 F• ar￿M r￿xt Miv In 2025. 202J 2022 At 31 2023 tr trt41 of tt CW I￿jrE Mirmr￿rn tease wbJ¥ rth<arK8lle k4se5 Les5 than one year 30,384 2.5 yea 121.536 43,145 121,536 73,529 449 20

.'SholOI- 04YcARE NURSE