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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 10528655 (England and Wales) REGISTERED CHARITY NUMBER: 1175347

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR SADEH

Green and Purple Limited The Barn 13-17 Margett Street Cottenham Cambridgeshire CB24 8QY

SADEH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page Report of the Trustees 1 to 3 Independent Examiner's Report 4 Statement of Financial Activities 5 Balance Sheet 6 to 7 Notes to the Financial Statements 8 to 15 Detailed Statement of Financial Activities 16

SADEH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

CEO'S FORWARD

2020 was an unprecedented year as Covid effectively closed the Sadeh retreat centre from March 16th until the following year. During the pandemic instead of large scale school and youth group retreats, Sadeh ran residential 3-6 month immersive Jewish farming programmes, outdoor volunteer days, online workshops and online retreats. Though this was not the year we had planned, the Sadeh team took the opportunity to rethink Sadeh's structure and work intensively on the grounds increasing vegetable production, wildlife habitats and plant and animal biodiversity. There was a heavy financial cost of closing the retreat centre for a long period of time but our generous donors supported Sadeh throughout the period allowing us to continue running many of our programmes both in person and online.

OBJECTIVES AND ACTIVITIES

Our charitable objects are:

To advance the education of the public in the conservation, protection and improvement of the physical and natural environment within a Jewish environment and ethos.

To achieve these goals, we run educational and interesting events for people of all ages about Jewish environmental practice, we grow food and look after our surrounding environment. We are in the process of updating our charitable objectives to reflect the running of the retreat centre.

Sadeh's main aim:

Rooted in Jewish values, Sadeh promotes positive environmental change through cultivation of the land and environmental education.

Sadeh's main goals:

Practice sustainable agriculture and develop wildlife habitats.

Strengthen the Jewish Community's commitment to positive environmental change.

Connect with other faiths and communities through food and environmental activity.

Influencing positive environmental change in society at large.

Provide an innovative way to connect to Judaism through farming, the outdoors, the environment and retreats.

Advance the promotion of recreation or other leisure time occupation in the interests of social welfare with the object of improving the conditions of life.

SOME OF OUR EVENTS THIS YEAR

1

SADEH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure

Sadeh is a registered charity and a company limited by guarantee, registered in England and governed by a Memorandum and Articles of Association dated 16th December 2016.

Governance and Management

In accordance with the governing document, there shall be not less than two Directors at any time. The Directors, who are Trustees for Charities Act purposes, are normally elected by the members of the company in a general meeting.

Directors are appointed on the basis of specific skills and knowledge to enable them to make a contribution to the management of the charity. In order for Directors to undertake such responsibilities, appropriate Charity Commission publications, in particular the booklet, The Essential Trustee : What you need to know' is given to each Director as part of their induction process.

The Directors who served during the year were as follows:

Benjamin Chain Julia Chain Phil Gershuny Danielle Oxenham Jessica Robinson Philippa Strauss

STATEMENT ON PUBLIC BENEFIT

The objectives and activities, and achievement and performance sections of this report clearly set out the activities which the charity undertakes for the public benefit. The Directors confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the charity.

RISK MANAGEMENT

The Directors have reviewed the major and financial risks that impact on the work of the charity. Systems that have been established enable the directors to review and take necessary steps to lessen these risks.

2021 STRATEGY

Our vision for 2021 centres on opening the retreat centre as a family guest house suitable to a maximum of 5 family groups. The guest house will be kosher and based on environmental principles demonstrated by the food served, the programming provided for guests and the materials used in the renovations. The guesthouse will run alongside our Fellowship programme, school educational programmes and regular volunteer days which are Sadeh's core activities.

FINANCIAL REVIEW

2020 relied heavily on grants, donations and government support. However with the guest house opening in 2021 we plan to continue to close the gap between operational expenditure and operational income.

2

SADEH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Registered office

829 Finchley Road London NW11 8AJ

Trustees

B M Chain J S Chain P Gershuny D Oxenham J Robinson P J Strauss

Independent Examiner

Green and Purple Limited The Barn 13-17 Margett Street Cottenham Cambridgeshire CB24 8QY

Approved by order of the board of trustees on 13.10.21 and signed on its behalf by:

J S Chain - Trustee

3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SADEH

Independent examiner's report to the trustees of Sadeh ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Katharine Bent FCCA For and on behalf of Green and Purple Limited The Barn 13-17 Margett Street Cottenham Cambridgeshire CB24 8QY

Date: 13.10.21

4

SADEH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
fund
Notes
£
INCOME FROM:
Charitable activities
3
199,765
EXPENDITURE ON:
Education and Fellowship Programme
99,243
Cost of generating funds
6,261
Support costs
33,338
Total
138,842
NET INCOME
60,923
Transfers between funds
12
23,477
Net movement in funds
84,400
RECONCILIATION OF FUNDS
Total funds brought forward
58,365
TOTAL FUNDS CARRIED FORWARD
142,765		 Restricted
fund
£
74,054
62,943
-
2,314		 2020
Total
funds
£
273,819
162,186
6,261
35,652
204,099
69,720

-
69,720
73,045
142,765		 2019
Total
funds
£
291,118
210,963
6,261
19,089
65,257
8,797
(23,477)
(14,680)
14,680		 236,313
54,805

-
54,805
18,240

-		 73,045

The notes form part of these financial statements

5

SADEH

BALANCE SHEET 31 DECEMBER 2020

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
66,181
CURRENT ASSETS
Debtors
9
7,906
Cash at bank and in hand
99,418
107,324
CREDITORS
Amounts falling due within one year
10
(30,740)
NET CURRENT ASSETS
76,584
TOTAL ASSETS LESS CURRENT
LIABILITIES
142,765		 Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
66,181
CURRENT ASSETS
Debtors
9
7,906
Cash at bank and in hand
99,418
107,324
CREDITORS
Amounts falling due within one year
10
(30,740)
NET CURRENT ASSETS
76,584
TOTAL ASSETS LESS CURRENT
LIABILITIES
142,765		 Restricted
fund
£
-
-

-
-
-

-
-		 2020
Total
funds
£
66,181
7,906
99,418
107,324
(30,740)
76,584
142,765		 2019
Total
funds
£
49,941
8,432
71,902
80,334
(57,230)
23,104
73,045
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 142,765
-		 142,765
142,765

-
142,765		 73,045
58,365
14,680
73,045

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

6

SADEH

BALANCE SHEET - continued 31 DECEMBER 2020

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 13.10.21 and were signed on its behalf by:

J S Chain - Trustee

The notes form part of these financial statements

7

SADEH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

Voluntary income is received by way of donations and gifts and is included in the Statement of Financial Activities when receivable. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.

Income from patrons and members is recognised in the period to which is relates. Income is deferred only when the Trust has to fulfil its conditions before becoming entitled to it or when the donor has specified the income is to be expended in a future period.

Grant income is recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected.

Expenditure

Fundraising expenditure comprises costs incurred in the staging of general fundraising events.

Administration and labour expenditure includes all expenditure not directly related to the charitable activity of fundraising ventures.

All other expenditure includes all expenditure directly relating to the daily running of the charity,

Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 20% Straight line basis
Fixtures and fittings 20% Straight line basis
IT equipment 20% Straight line basis
Motor vehicles 25% Straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

8

SADEH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies - continued

Tangible fixed assets

At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Taxation

The charity is exempt from corporation tax on its charitable activities.

Funds accounting

Funds held by the trust are:

Unrestricted general funds - these are funds that can be used in accordance with the charitable objects, at the discretion of the Council.

Restricted funds - represent income which maybe expended only on those restricted objects provided in the terms of a trust or bequest, or donations or grants received or invited for a specific purpose. These funds can only be spent on the specific purpose for which they were given. Any balance remaining unspent must be carried forward as a balance on that fund for future expenditure on that specific purpose, or returned; it cannot be absorbed into general funds.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the Trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2. Critical accounting estimates and judgements

In the application of the Trust's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

9

SADEH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

3. Income from charitable activities

Income from charitable activities

Donations
Events income
Other receipts
Earned income
Grants		 2020
Charitable
activities
£
20,116
1,543
4,283
50,734
197,143
273,819
 2019
Total
activities
£
31,002
9,494
4,255
125,781
120,586

291,118

4. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets 2020
£
15,165		 2019
£
5,309

5. Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

Certain members of the Council are reimbursed for reasonable expenses incurred by them in carrying out their duties for the Trust.

6. Average number of employees

The average monthly number of employees during the year was 4 (2019: 3).

10

SADEH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

7.
Comparatives for the statement of financial activities
INCOME FROM:
Charitable activities
EXPENDITURE ON:
Education and Fellowship programme
Cost of generating funds
Support costs
Total
NET INCOME
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
Restricted
fund
£
£
183,454
107,664
118,406
92,557
6,261
-
18,089
1,000		 Unrestricted
fund
Restricted
fund
£
£
183,454
107,664
118,406
92,557
6,261
-
18,089
1,000		 Unrestricted
fund
Restricted
fund
£
£
183,454
107,664
118,406
92,557
6,261
-
18,089
1,000		 Total
funds
£
291,118
210,963
6,261
19,089
142,756
40,698

39
40,737
17,628		 93,557
14,107

(39)
14,068
612		 236,313
54,805

-
54,805
18,240
58,365 14,680 73,045

11

SADEH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

8. Tangible fixed assets

Plant and
machinery
Cost
£
At 1 January 2020
802
Additions
3,769
At 31 December 2020
4,571
Depreciation
At 1 January 2020
386
Charge for year

525
At 31 December 2020

911
Net book value
At 31 December 2020
3,660
At 31 December 2019

416
Debtors: amounts falling due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 Fixtures
and
fittings
£
53,975
27,365
81,340
5,012
14,446
19,458
61,882
48,963		 Motor
vehicles
£
660

-

660
124

132

256

404

536		 Computer
equipment
£
65

271

336
39

62

101

235

26
2020
£
3,581
726
3,599
7,906		 Totals
£
55,502
31,405
86,907
5,561
15,165
20,726
66,181
49,941
2019
£
8,432
-

-
8,432		 Totals
£
55,502
31,405
86,907

9. Debtors: amounts falling due within one year

12

SADEH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

10. Creditors: amounts falling due within one year

Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2020
£
8,698
-
5,107
16,935
30,740		 2019
£
21,114
1,436
9,961
24,719
57,230

11. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
In more than five years
Movement in funds
At 1.1.20
£
Unrestricted funds
General fund
58,365
Restricted funds
Restricted fund
14,680
TOTAL FUNDS
73,045		 2020
£
100
400
217
717
Net
Transfers
movement
between
in funds
funds
£
£
60,923
23,477
8,797
(23,477)		 2020
£
100
400
217
717
Net
Transfers
movement
between
in funds
funds
£
£
60,923
23,477
8,797
(23,477)		 2020
£
100
400
217
717
Net
Transfers
movement
between
in funds
funds
£
£
60,923
23,477
8,797
(23,477)		 2019
£
100
400
317
817
At
31.12.20
£
142,765
-
69,720
-		 142,765

12. Movement in funds

13

SADEH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

12. Movement in funds - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
199,765
(138,842)
60,923
74,054
(65,257)
8,797
273,819
(204,099)
69,720		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
199,765
(138,842)
60,923
74,054
(65,257)
8,797
273,819
(204,099)
69,720
273,819 (204,099)

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Net
movement
Transfers
between
At
At 1.1.19
£
in funds
£
funds
£
31.12.19
£
17,628
40,698
39
58,365
612
14,107
(39)
14,680
18,240
54,805

-
73,045		 Net
movement
Transfers
between
At
At 1.1.19
£
in funds
£
funds
£
31.12.19
£
17,628
40,698
39
58,365
612
14,107
(39)
14,680
18,240
54,805

-
73,045		 Net
movement
Transfers
between
At
At 1.1.19
£
in funds
£
funds
£
31.12.19
£
17,628
40,698
39
58,365
612
14,107
(39)
14,680
18,240
54,805

-
73,045		 Net
movement
Transfers
between
At
At 1.1.19
£
in funds
£
funds
£
31.12.19
£
17,628
40,698
39
58,365
612
14,107
(39)
14,680
18,240
54,805

-
73,045
18,240 54,805
-

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
Resources
expended
Movement
in funds
£
£
£
183,454
(142,756)
40,698
107,664
(93,557)
14,107		 Incoming
resources
Resources
expended
Movement
in funds
£
£
£
183,454
(142,756)
40,698
107,664
(93,557)
14,107		 Incoming
resources
Resources
expended
Movement
in funds
£
£
£
183,454
(142,756)
40,698
107,664
(93,557)
14,107
291,118 (236,313) 54,805

14

SADEH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

13. Related party disclosures

During the year, the charity paid remuneration totalling £28,000 (2019: £28,000) to T Chain, the daughter of J Chain who is a Trustee and Chair of the board of trustees.

14. Share capital

The trust is limited by guarantee without any share capital. In the event of the Trust being wound up, each member is liable to contribute for the payment of the debts and liabilities of the Trust of such amount as may be required, but not exceeding £10.

15. Transfer of funds

During the year £23,477 of restricted funds were transferred to unrestricted funds as the donors had informed the charity that they were happy for the donations to be used for any charitable purpose.

15

SADEH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

INCOME AND ENDOWMENTS
Charitable activities
Donations
Events income
Other receipts
Earned income
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Legal and professional
Bank charges
Educator and events costs
Motor, travel & volunteer exps
Sundry expenses
Stationery & advertising
Administration and support
Repairs and maintenance
Bookkeeping fees
Catering and food supplies
Accountancy
Utilities
Insurance
Computer costs
Depreciation of tangible fixed assets
Total resources expended
Net income		 2020
£
20,116
1,543
4,283
50,734
197,143
273,819
273,819
80,497
1,817
-
4,826
3,146
-
4,938
347
24,458
3,481
6,405
3,390
38,793
16,794
43
15,164
204,099
204,099
69,720		 2019
£
31,002
9,494
4,255
125,781
120,586
291,118
291,118
75,963
5,137
212
9,146
4,964
2,580
15,356
(24,375)
64,915
6,069
15,491
3,390
34,359
14,807
-

8,299
236,313
236,313
54,805

This page does not form part of the statutory financial statements

16