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2020-12-31-accounts

Company registration number: 11725770 Charity registration number: 1182698

Shabbat Walk

(A company limited by share capital) Annual Report and Financial Statements for the Year Ended 31 December 2020

Shabbat Walk

Contents

Reference and Administrative Details 1
Strategic Report 2 to 3
Trustees' Report 4 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 15

Shabbat Walk

Reference and Administrative Details

Trustees Mr Solomon Jacob Charles Maxwell Mr Joshua Aaron Conway Mrs Judy Meshulam Principal Office Office 1 110 - 114 Golders Green Road London NW11 8HB Registered Office 8 Rodborough Road London NW11 8RY The charity is incorporated in England and Wales. Company Registration Number 11725770 Charity Registration Number 1182698 Accountants GILBERT ALLAN & CO 8 Rodborough Road London London NW11 8RY

Page 1

Shabbat Walk

Strategic Report for the Year Ended 31 December 2020

The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 December 2020, in compliance with s414C of the Companies Act 2006.

Achievements and performance

The following achievements have been witnessed during the year:

Financial review

Policy on reserves

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the Charity, at a level which the trustees think appropriate, after considering the future commitments of the Charity and the likely costs of the charity for next year.

As at 31 December 2020 the charity has total funds of £144,820 all of which are free reserves.

Page 2

Shabbat Walk

Strategic Report for the Year Ended 31 December 2020

Plans for future periods

Aims and key objectives for future periods

The future plans of the Charity are to increase both the quantity and quality of the volunteering and education that if facilitates. The aim is to recruit in schools so that every youngster gets the opportunity of volunteering in a situation suitable for them.

The Charity plans to dvelop and refine its 'giving' (chessed) themed educational strategy, providing meaningful content for the youth involved. The Charity hopes to implement more educational and social activities, and look into the use of online platforms.

The Charity hopes to secure larger office premises where the staff team will work from. This will also be where our educational and practical sessions will take place. We will also be looking to secure storage space for all the Purim costume Gemach items.

We are looking to hire a full time office/admin person to maintain and manage our day to day information. This will ehance the care and help given, and mitigate possible risks.

The Charity is confident that the number of youth volunteers will further increase, and that more assistance will thus be provided to needy families and individuals.

Principal risks and uncertainties

Risk Management

The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those related to operations and finance of the Charity, and are satisfied that systems are in place to manage those risks.

The strategic report was approved by the trustees of the charity on 23 September 2021 and signed on its behalf by:

.........................................

Mr Joshua Aaron Conway Trustee

Page 3

Shabbat Walk

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2020.

Objectives and activities

Objectives, strategies and activities

The Charity aims to educate, facilitate, inspire and encourage the youth of our community to be 'givers', and to use leisure hours to do good deeds for others.

The Charity aims to ensure that support is given to those members of the North West London Jewish Community who would benefit from help, or who are lonely.

The Charity facilitates regular, practical and fulfilling opportunities suitable for each volunteer.

The Charity provides weekly classes and educational seminars, plus regular social events, to teach and encourage in local youngster the concept of altruistic activities.

Public benefit

The charity's staff identify where there is a need in the local community, mainly via referrals and requests, and provides help in a unique and practical way through their team of young volunteers.

The charity is able to retain volunteers beyond their early teenage years, thus showing that the organisational model is effective.

The charity's success is shown by its constantly increasing volunteers base, and the huge number of volunteering hours. Large numbers of teenagers are encouraged to volunteer to help those in need, all within a safe and protected environment.

Older teens are empowered to take leadership roles, giving them a valuable skillset, and further ensures that the organisation continues to be relevant to the dynamics of the youth themselves.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Structure, governance and management

Nature of governing document

The Charity is constituted as a Company Limited by guarantee, and is therefore governed by its Memorandum and Articles of Association.

Recruitment and appointment of trustees

The Day to day affairs of the Charity are administrered by the council of Trustees. None of the Trustees who are also the Directors have any beneficial interest in the Company.

It is not currently the intention of the Trustees of the Charity to appoint new Trustees. Should the situation change in the future, the Trustees will apply suitable recruitment training and proceedures,

Page 4

Shabbat Walk

Trustees' Report

Major risks and management of those risks

Risk Management

The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those related to operations and finance of the Charity, and are satisfied that systems are in place to manage those risks.

The trustees (who are also the directors of Shabbat Walk for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

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 its incoming resources and application of resources, including its income and expenditure, 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.

The annual report was approved by the trustees of the charity on 23 September 2021 and signed on its behalf by:

......................................... Mr Joshua Aaron Conway Trustee

Page 5

Shabbat Walk

Independent Examiner's Report to the trustees of Shabbat Walk

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 7 to 15.

Respective responsibilities of trustees and examiner

As the charity’s trustees of Shabbat Walk (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 Shabbat Walk 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 Shabbat Walk's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, 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 Shabbat Walk as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

......................................

Independant Examiner ICAEW

7 Shirehall Close London NW4 2QR

23 September 2021

Page 6

Shabbat Walk

Statement of Financial Activities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Total income
Expenditure on:
Raising funds
Charitable activities
4
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12		 Unrestricted
funds
£
305,582
305,582
(54,551)
(122,667)
(177,218)
128,364
128,364
16,456
144,820		 Total
2020
£
305,582
305,582
(54,551)
(122,667)
(177,218)
128,364
128,364
16,456
144,820		 Total
2019
£
131,375
131,375
(37,255)
(77,664)
(114,919)
16,456
16,456
-
16,456

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 12.

The notes on pages 9 to 15 form an integral part of these financial statements. Page 7

Shabbat Walk

(Registration number: 11725770) Balance Sheet as at 31 December 2020

Note
Current assets
Debtors
8
Cash at bank and in hand
9
Creditors: Amounts falling due within one year
10
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
12		 2020
£
1,634
143,417
145,051
(231)
144,820
144,820
144,820		 2019
£
-
45,345
45,345
(28,889)
16,456
16,456
16,456

For the financial year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on 23 September 2021 and signed on their behalf by:

......................................... Mr Joshua Aaron Conway Trustee

The notes on pages 9 to 15 form an integral part of these financial statements. Page 8

Shabbat Walk

Notes to the Financial Statements for the Year Ended 31 December 2020

1 Charity status

The charity is limited by share capital, incorporated in England and Wales.

The address of its registered office is: 8 Rodborough Road London NW11 8RY The principal place of business is: Office 1 110 - 114 Golders Green Road London NW11 8HB

These financial statements were authorised for issue by the trustees on 23 September 2021.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Shabbat Walk 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 notes.

The financial Statements are prepared in Sterling (£) which is the functional currency of the entity.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

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

Page 9

Shabbat Walk

Notes to the Financial Statements for the Year Ended 31 December 2020

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 10

Shabbat Walk

Notes to the Financial Statements for the Year Ended 31 December 2020

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

Basic finacial instruments are initially recognised at the amount receivable or payable including and related transaction costs, unless the arrangement constiturtes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consifderation expected to be paid or received and not discounted.

Debt instruments are subsequesntly measured at amortised costs.

Page 11

Shabbat Walk

Notes to the Financial Statements for the Year Ended 31 December 2020

3 Income from donations and legacies

Donations and legacies;
Gift aid reclaimed
Grants, including capital grants;
Grants from other charities
Regular giving and capital donations
Total for period ended 31 December 2020
Total for period ended 31 December 2019		 Unrestricted
funds
General
£
12,164
10,000
283,418
305,582
131,375		 Total
funds
£
12,164
10,000
283,418
305,582
131,375

4 Expenditure on charitable activities

Note
Staff costs
Allocated support costs
5
Governance costs
5
Total for period ended 31 December 2020
Total for period ended 31 December 2019		 Unrestricted
funds
General
£
62,402
6,660
53,605
122,667
77,664		 Total
funds
£
62,402
6,660
53,605
122,667
77,664
Total
expenditure
£

In addition to the expenditure analysed above, there are also governance costs of £53,604 (2019 - £23,276) which relate directly to charitable activities. See note 5 for further details.

5 Analysis of governance and support costs

Governance costs

Page 12

Shabbat Walk

Notes to the Financial Statements for the Year Ended 31 December 2020

Staff costs
Wages and salaries
Legal fees
Marketing and publicity
Other governance costs
Total for period ended 31 December 2020
Total for period ended 31 December 2019
6
Staff costs
The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Pension costs
Other staff costs		 Unrestricted
funds
General
£
29,167
458
18,688
5,292
53,605
23,276
2020
£
55,830
862
34,877
91,569		 Total
funds
£
29,167
458
18,688
5,292
53,605
23,276
2019
£
28,096
540
34,085
62,721

No employee received emoluments of more than £60,000 during the year.

Page 13

Shabbat Walk

Notes to the Financial Statements for the Year Ended 31 December 2020

7 Taxation

The charity is a registered charity and is therefore exempt from taxation.

8 Debtors

2020 £

Other debtors

1,634

9 Cash and cash equivalents

Cash at bank
10 Creditors: amounts falling due within one year
Other taxation and social security
Other creditors		 2020
£
143,417
2020
£
-
231
231		 2019
£
45,345
2019
£
614
28,275
28,889

11 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £Nil (2019 - £Nil).

12 Funds

Unrestricted
General
Unrestricted funds
General		 Balance at 1
January 2020
£
16,456		 Incoming
resources
£
305,582
Incoming
resources
£
131,375		 Resources
expended
£
(177,218)
Resources
expended
£
(114,919)		 Balance at 31
December
2020
£
144,820
Balance at 31
December
2019
£
16,456

Page 14

Shabbat Walk

Notes to the Financial Statements for the Year Ended 31 December 2020

13 Analysis of net assets between funds

13 Analysis of net assets between funds
Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
145,051
(231)
144,820
Unrestricted
funds
General
£
45,345
(28,889)
16,456		 Total funds at
31 December
2020
£
145,051
(231)
144,820
Total funds at
31 December
2019
£
45,345
(28,889)
16,456

Page 15

Shabbat Walk

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

Income and Endowments from:
Donations and legacies (analysed below)
Total income
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2020
£
305,582
305,582
(54,551)
(122,667)
(177,218)
128,364
128,364
16,456
144,820		 Total
2019
£
131,375
131,375
(37,255)
(77,664)
(114,919)
16,456
16,456
-
16,456

This page does not form part of the statutory financial statements. Page 16

Shabbat Walk

Detailed Statement of Financial Activities for the Year Ended 31 December 2020

Donations and legacies
Committed giving
Gift Aid tax reclaimed
Grants - other agencies
Raising funds
Fundraising costs
Charitable activities
Wages and salaries
Staff pensions (Defined contribution)
Job Retention Schemer Claims
Rent
Staff training
Travelling
Volunteer expenses
Publicity costs
Manager's remuneration
Insurance
Telephone and fax
Office expenses
Trade subscriptions
Sundry expenses
Legal and professional fees		 Total
2020
£
283,418
12,164
10,000
305,582
(54,551)
(54,551)
(45,278)
(862)
18,615
(6,660)
-
(9,217)
(25,660)
(18,688)
(29,167)
(1,004)
(1,477)
(2,285)
(526)
-
(458)
(122,667)		 Total
2019
£
116,908
4,473
9,994
131,375
(37,255)
(37,255)
(19,763)
(540)
-
-
(93)
(16,312)
(17,680)
(9,365)
(8,333)
(932)
(916)
(1,970)
(180)
(563)
(1,017)
(77,664)

This page does not form part of the statutory financial statements. Page 17