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SHOFAR DAY CARE CENTRE

Registered charity 1160802 · accounts filings on the Charity Commission register

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Latest income
£1.5m
Latest spending
£1.5m
Registered
2015
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity held unrestricted reserves of £802,163 and free reserves of £534,038, which are in line with the stated policy of holding four months of expenditure. The charity reported a net incoming resource surplus of £33,760 for the year, with cash reserves of £899,397 at the reporting date.

What the accounts disclose

Reserves policy: four months expenditure (held: £534k)
“The current reserves policy of the trustees is to have enough reserves to cover at least four months expenditure, projected specific repairs and maintenance costs and repairs driven by lease obligations.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Nyman Libson Paul LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.5m
Total spending
£1.5m
Reserves (reported)
£972k
Employees
41

Reported reserves equal ~7.8 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Barnet

Income and spending

Financial year endIncomeSpending
31/12/2024£1.5m£1.5m
31/12/2023£1.4m£1.4m
31/12/2022£1.3m£1.3m
31/12/2021£1.3m£1.3m
31/12/2020£1.2m£1.1m

Common questions

Is SHOFAR DAY CARE CENTRE financially healthy?

The accounts state that the charity held unrestricted reserves of £802,163 and free reserves of £534,038, which are in line with the stated policy of holding four months of expenditure. The charity reported a net incoming resource surplus of £33,760 for the year, with cash reserves of £899,397 at the reporting date. Its FY2024 accounts were audited by Nyman Libson Paul LLP.