Finance Score: -2

Governance Score: -9

Support Score: 3

Poor Liquidity: -1
Deficit on unrestricted reserves: -2
Deficit latest year: -2
Fundraising costs low: +3

Only 3 Trustees: -2
Narrow trustee age band: -2
Very static board: -5

Gov Income
Grant maker support: +3

Overall GiG Score: -8

SERVICE TO THE AGED

The charity provides nursing and dementia care for the Jewish community in a residential setting for the aged and infirm and frail.

Analysis by Giving is Great

Positives:

The charity has received Government grants
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

There are only 3 trustees
The Board composition appears to be very static and has little diversity in terms of age

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
There was a deficit on unrestricted reserves of £288,493 at the last year end after deducting the value of own use assets
Income was lower than spending in the latest year

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£3,771	£4,259	£-487	£3	£2,849	£-288	-0.8	81	7
31/03/22		£3,195	£3,184	£11	£3	£3,337	£199	0.7	88	0
31/03/21		£3,232	£3,102	£130	£0	£3,326	£188	0.7	95	0
31/03/20		£3,482	£3,535	£-53	£2	£3,196	£58	0.2	99	0
31/03/19		£3,458	£3,438	£19	£7	£3,249	£112	0.4	114	0
31/03/18		£3,345	£3,287	£58	£2	£3,230	£92	0.3	109	0
31/03/17		£3,221	£3,271	£-49	£1	£3,173	£35	0.1	113	0
31/03/16		£2,810	£3,308	£-499	£1	£3,222	£84	0.3	114	0
31/03/15	*	£2,846	£3,376	£-530	£9	£3,721	£583	2.1	118	0
31/03/14		£3,151	£3,177	£-26	£108	£4,250	£1,112	4.2	123	0
31/03/13		£3,351	£2,918	£433	£8	£4,276	£1,138	4.7	124	0
31/03/12		£2,954	£3,236	£-283	£8	£3,844	£706	2.6	116	0
31/03/11	*	£2,986	£2,920	£65	£8	£4,126	£988	4.1	104	0
31/03/10		£2,711	£2,672	£39	£8	£4,061	£923	4.1	127	0
31/03/09	*	£2,693	£2,653	£40	£8	£2,561	£18	0.1	140	0
31/03/08	*	£2,733	£2,583	£150	£10	£2,521	£0	n/a	121	0
31/03/07	*	£2,716	£2,448	£268	£14	£2,371	£-171	-0.8	121	0
31/03/06	*	£2,449	£2,310	£139	£0	£0	£0	n/a	0	0
31/03/05	*	£2,558	£2,191	£367	£0	£0	£0	n/a	0	0
31/03/04	*	£2,209	£2,124	£85	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.1%
Fundraising Costs/Total Spending: 0.1%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 13%
Liabilities/Income: 12%
Unrestricted Funds/Total Funds: -10%
Reserves/Spending: -0.8 months
Net Current Assets/Spending: -1 months
Quick Ratio: 0

Asset Split ?

Established: 33 years

info@cohenarnold.com

02078631555

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
Economic/Community Development/Employment
Education/Training
Religious Activities
The Advancement Of Health Or Saving Of Lives

GiG Classification

Residential nursing care facilities

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Throughout London,

Who it helps

Elderly/Old People

Who works here?

81 employees
7 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

Age Range of Trustees: 70-75

BENZION SCHALOM ELIEZER FRESHWATER Appointed: 1991, Occupation: Director, Other trusteeships: BETH JACOB GRAMMAR SCHOOL FOR GIRLS LIMITED, MAYFAIR CHARITIES LIMITED, THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION, REGENT CHARITIES LIMITED, SASSOV BEIS HAMEDRASH, THE UNION OF ORTHODOX HEBREW CONGREGATIONS,

SOLOMON ISRAEL FRESHWATER Appointed: 1999, Occupation: Director, Other trusteeships: MAYFAIR CHARITIES LIMITED, THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION, SASSOV BEIS HAMEDRASH, ZICHRON CHAIM LIMITED,

STEPHEN JONATHAN GOLDBERG Appointed: 2015, Occupation: Solicitor, Other trusteeships: SYLVELLA CHARITY LIMITED, RABBI YISROEL YEHUDAH PERITZ CHARITABLE TRUST, THE D M CHARITABLE TRUST, MOISHE AND ESTHER ITZINGER FOUNDATION LIMITED, THE DOMBEY-PULGRAM CHARITABLE LEGACY, FRIENDS OF SAGE LIMITED,

Legal constitution

Charitable company registered in England & Wales on 13/02/1991, number: 1001916
Registered at Companies House on 05/02/1991, number: 02580196

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Care Quality Commission

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR15: 28 days late, AR11: 10 days late, AR09: 23 days late, AR08: 1 days late, AR07: 286 days late, AR06: 1 days late, AR05: 1 days late, AR04: 26 days late,

Main office

Sage
208 Golders Green Road
LONDON
NW11 9AQ

Objectives

(1)THE RELIEF OF THE AGED POOR OF THE JEWISH FAITH IN PARTICULAR BY THE PROVISION OF RESIDENTIAL ACCOMMODATION AND NURSING HOME ACCOMMODATION FOR AGED POOR JEWISH PEOPLE.(2)FOR SUCH OTHER PURPOSES AS ARE RECOGNISED BY ENGLISH LAW AS CHARITABLE

Defined Area of Benefit:

NOT DEFINED

Data Sources