Finance Score: 3

Governance Score: -2

Support Score: 4

Low unrestricted reserves: -2
Strong growth: +2
Fundraising costs low: +3

Only 3 Trustees: -2
Good trustee age range: +3
All male board: -3

Overall weighted support: +4

Overall GiG Score: 5

CHAZAK LIMITED

Teaching classes in Jewish schools.Providing classes and events in a variety of local Synagogues our own community centres.Running a wide range of religious, cultural, heritage and social events for the community

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker
There has been strong growth in spending over the last 5 years
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 is completely male

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/23		£1,447	£1,513	£-66	£20	£370	£370	2.9	19	5
31/12/22		£1,291	£1,370	£-79	£6	£436	£436	3.8	7	5
31/12/21		£1,092	£906	£186	£32	£515	£515	6.8	7	5
31/12/20		£643	£584	£60	£5	£328	£328	6.7	7	3
31/12/19		£812	£759	£53	£34	£269	£269	4.2	7	0
31/12/18		£842	£871	£-29	£131	£215	£215	3	5	0
31/12/17		£847	£768	£79	£2	£244	£244	3.8	5	0
31/12/16		£662	£597	£65	£98	£165	£165	3.3	5	0
31/12/15	*	£381	£374	£7	n/a	n/a	n/a	n/a	n/a	n/a
31/12/14		£422	£288	£134	n/a	n/a	n/a	n/a	n/a	n/a
31/12/13		£216	£257	£-41	n/a	n/a	n/a	n/a	n/a	n/a
31/12/12		£231	£245	£-14	n/a	n/a	n/a	n/a	n/a	n/a
31/12/11	*	£201	£186	£14	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 1.5%
Fundraising Costs/Total Spending: 1.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 17%
Liabilities/Income: 5%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 2.9 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.9

Asset Split ?

Balance Sheet History

Established: 13 years

www.wearechazak.com

info@wearechazak.com

020 45998310

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training
General Charitable Purposes

GiG Classification

General Community services

How it operates

Provides services

Where it operates

Israel, Spain, Throughout London,

Who it helps

Children/Young People
People Of A Particular Ethnic Or Racial Origin

Who supports them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
National Lottery Heritage Fund - Grant to Chazak Ltd
£62,600	19/04/2021	Celebrating Sephardic Culture focussed on the cultural tradition of Hamin; a festive celebration food
National Lottery Community Fund - Empowering Youth to Succeed
£10,000	19/01/2021 4	The funding will be used to set up a holistic programme of informal learning and qualifications combined with a practical business enterprise project in online retail. The project aims to benefit ....more The funding will be used to set up a holistic programme of informal learning and qualifications combined with a practical business enterprise project in online retail. The project aims to benefit young Jewish people of Sephardic descent currently at risk from a variety of factors as a result of the current Covid-19 pandemic.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

Age Range of Trustees: 38-61

MR J MORADOFF Appointed: 2011, Occupation: Commercial Property Adviser Agent

MIGUEL ABADI Appointed: 2018, Occupation: Company Director

NIGEL HIKMET Appointed: 2021, Occupation: Business Executive

Legal constitution

Charitable company registered in England & Wales on 19/07/2011, number: 1142937
Registered at Companies House on 07/01/2011, number: 07485527

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Trustee conflicts of interest policy and procedures
Volunteer management

Filing Record

13 returns made; AR15: 1 days late, AR11: 258 days late,

Main office

64 Brent Street
LONDON
NW4 2ES

Objectives

1) THE ADVANCEMENT OF EDUCATION IN JEWISH RELIGION CULTURE HISTORY AND HERITAGE.2) THE ADVANCMENT OF SUCH OTHER OBJECTS AS THE DIRECTORS MAY FROM TIME TO TIME DETERMINE, THAT ARE FOR THE BENEFIT OF THE PUBLIC AND ARE CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES.