CHARITY REGISTRATION NUMBER: 1015297
Haskel Society for Handicapped Children Unaudited Financial Statements 31 March 2024
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Haskel Society for Handicapped Children
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10 |
Haskel Society for Handicapped Children
Trustees' Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name Haskel Society for Handicapped Children Charity registration number 1015297 Principal office 14 Hartington Street Gateshead Tyne & Wear NE8 4EN The trustees L Spitzer L Spiro S Wittler Independent examiner Mr Howard Schwalbe ACA 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
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Haskel Society for Handicapped Children
Trustees' Annual Report (continued)
Year ended 31 March 2024
Structure, governance and management
Haskel Society for Handicapped Children is constituted under a trust deed dated 04 November 1992. It is a registered charity with a charity number being 1015297, registered on the 18 November 1992.
Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day-to-day affairs are undertaken by Mr A Sugarman on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
Training and induction of trustees is applied as applicable.
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Haskel Society for Handicapped Children
Trustees' Annual Report (continued)
Year ended 31 March 2024
Objectives and activities
The objects of the charity are: (i) To provide educational facilities and for the need or / and for children with learning difficulties and mental and physical disabilities.(ii) To provide recreational facilities for children with learning difficulties and mental and physical disabilities. (iii) The relief of poverty.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
Grant making policy
The charity gives out grants in line with the above objects.
There were no individual or institutional grants made during the year.
The application of the funds by way of grants to either institutions or individuals and is almost always to institutions.
The trustees consider they have met the public benefit test and outline these achievements below.
The trustees measure the success of achieving the stated aims by running the school for handicapped children and the number and value of grants paid out for each object. The grants paid out in the year (if applicable) are detailed in the notes to the accounts as are the costs associated with the school and the trustees consider they have met their aims successfully this year.
The trustees consider the shorter-term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective running of the school. These risks are managed by the trustees ensuring the right staff are utilised and the right policies are implemented.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all aspects of the school management.
Risk Management
The process of examining the risks to which the charity is exposed is ongoing and the trustees are planning to further develop systems to monitor and control these risks in order to lessen their potential impact on the charity.
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Haskel Society for Handicapped Children
Trustees' Annual Report (continued)
Year ended 31 March 2024
Achievements and performance
The charity received £99,707 in donations and £718,409 in grants during the year. The charity also received £54,499 in grants from CST towards security costs.
During the year the charity received £41,640 in investment income, with incurred associated management costs of £8,046.
During the year the charity spent £911,729 on educational expenditure and support costs in line with the stated objects of the charity being provision of educational facilities for children with learning difficulties and mental and physical disabilities.
The school, which is an independent Jewish school, provides specialist education to boys and girls aged 5 to 19. The current roll of the school is 18 pupils.
Haskel School has continued to grow and develop over the last year. Haskel School is the only school in the north east of England providing for Jewish children with Special Educational Needs and Disabilities and is a lifeline for the special children in the community.
We are pleased to report that during the year we achieved Autism Accreditation from The National Autistic Society. This was the culmination of 3 years of work to ensure that all our policies, teaching and resources are optimised to benefit children with Autism. It is a major milestone in our development as a centre of excellence for children with Special Educational Needs and Disabilities.
The charity is grateful to all it's supporters. Through their ongoing support we are able to continue our mission of 'Helping And Supporting Kids to Excel in Life'
The last Ofsted inspection in October 2024 deemed the school to be outstanding.
The trustees would like to record their appreciation for all financial support received from benefactors during the course of the year.
The charity has low governance costs comprising professional fees incurred during the year.
There were no investments made during the year.
Related party transactions in the reporting period are as disclosed in the notes to the accounts.
Fundraising costs incurred during the year are as disclosed in the notes to the accounts.
The trustees continued to refurbish the new building for the benefit of the special needs children during the year. The details can be found in the notes to the accounts. The trustees aim to develop the building further in the coming years.
There was an overall net income and net movement for the year amounting to £3,261.
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Haskel Society for Handicapped Children
Trustees' Annual Report (continued)
Year ended 31 March 2024
Financial review
The trustees feel that the activity reflects the profile and standing within the local community. The impact for future year's expenditure is self-evident and the trustees would like to record their appreciation for all the financial support received from benefactors during the course of the year.
The long-term plans of the charity are to convert the building purchased to house the overflow of activities, into assisted living spaces for the charity's users.
The property is currently being rented out, which is bringing in an income to the charity as mentioned above.
Reserves policy
The unrestricted fund represents the unrestricted funds arising from past operating results. The Trust is currently distributing almost all its income.
The trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.
In considering the financial obligations of the charity, the trustees have resolved to maintain reserves suitable for the maintenance of the school and building.
The free reserves, represented by the net current liabilities of the charity stand at £16,378 all of which are unrestricted. The trustees consider that the going concern and future viability of the charity is not under any jeopardy as a result of this small liability position. The trustees are committed to raising funds to ensure the charity is able to repay its creditors as they fall due for repayment. It should be noted that £40,000 in current liabilities, relates to one loan creditor who was repaid shortly after the year end.
The trustees' annual report was approved on 16 January 2025 and signed on behalf of the board of trustees by:
S Wittler Trustee
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Haskel Society for Handicapped Children
Independent Examiner's Report to the Trustees of Haskel Society for Handicapped Children
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Haskel Society for Handicapped Children ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’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 the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Mr Howard Schwalbe ACA
Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
16 January 2025
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Haskel Society for Handicapped Children
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 99,707 | 772,908 | 872,615 | 819,566 |
| Charitable activities | 5 | – | – | – | 4,792 |
| Investment income | 6 | 41,640 | – | 41,640 | 21,587 |
| Other income | 7 | 8,833 | – | 8,833 | 3,273 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 150,180 | 772,908 | 923,088 | 849,218 | |
| ================================ | ================================ | ================================ | ================================ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of other trading activities | 8 | 52 | – | 52 | 8,402 |
| Investment management costs | 9 | 8,046 | – | 8,046 | 13,709 |
| Expenditure on charitable activities | 10,11 | 138,821 | 772,908 | 911,729 | 749,565 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 146,919 | 772,908 | 919,827 | 771,676 | |
| ================================ | ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net income and net movement in funds | 3,261 | – | 3,261 | 77,542 | |
| ================================ | ================================ | ================================ | ================================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 625,015 | – | 625,015 | 547,473 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 628,276 | – | 628,276 | 625,015 | |
| ================================ | ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 18 form part of these financial statements.
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Haskel Society for Handicapped Children
Statement of Financial Position
31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 17 | 1,950,772 | 1,950,772 | |
| Current assets | ||||
| Debtors | 18 | 3,033 | 1,385 | |
| Cash at bank and in hand | 33,024 | 37,478 | ||
| ---------------------------- | ---------------------------- | |||
| 36,057 | 38,863 | |||
| Creditors: amounts falling due within one year | 19 | 52,435 | 44,425 | |
| ---------------------------- | ---------------------------- | |||
| Net current liabilities | 16,378 | 5,562 | ||
| ----------------------------------------- | ----------------------------------------- | |||
| Total assets less current liabilities | 1,934,394 | 1,945,210 | ||
| Creditors: amounts falling due after more than | ||||
| one year | 20 | 1,306,118 | 1,320,195 | |
| ----------------------------------------- | ----------------------------------------- | |||
| Net assets | 628,276 | 625,015 | ||
| ========================================= | ========================================= | |||
| Funds of the charity | ||||
| Unrestricted funds | 628,276 | 625,015 | ||
| -------------------------------- | -------------------------------- | |||
| Total charity funds | 21 | 628,276 | 625,015 | |
| ================================ | ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 16 January 2025, and are signed on behalf of the board by:
S Wittler Trustee
The notes on pages 10 to 18 form part of these financial statements.
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Haskel Society for Handicapped Children
Statement of Cash Flows
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 3,261 | 77,542 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | – | 338 |
| Dividends, interest and rents from investments | (41,640) | (21,587) |
| Interest payable and similar charges | 27,500 | 29,960 |
| Accrued expenses | 8,010 | 2,823 |
| Changes in: | ||
| Trade and other debtors | (1,648) | (1,385) |
| Trade and other creditors | (5,000) | – |
| ---------------------------- | ---------------------------- | |
| Cash generated from operations | (9,517) | 87,691 |
| Interest paid | (27,500) | (29,960) |
| ---------------------------- | ---------------------------- | |
| Net cash (used in)/from operating activities | (37,017) | 57,731 |
| ============================ | ============================ | |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 41,640 | 21,587 |
| Purchase of tangible assets | – | (26,864) |
| ---------------------------- | ---------------------------- | |
| Net cash from/(used in) investing activities | 41,640 | (5,277) |
| ============================ | ============================ | |
| Cash flows from financing activities | ||
| Proceeds from borrowings | (9,077) | (16,409) |
| ---------------------------- | ---------------------------- | |
| Net cash used in financing activities | (9,077) | (16,409) |
| ============================ | ============================ | |
| Net (decrease)/increase in cash and cash equivalents | (4,454) | 36,045 |
| Cash and cash equivalents at beginning of year | 37,478 | 1,433 |
| ---------------------------- | ---------------------------- | |
| Cash and cash equivalents at end of year | 33,024 | 37,478 |
| ============================ | ============================ |
The notes on pages 10 to 18 form part of these financial statements.
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Haskel Society for Handicapped Children
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 14 Hartington Street, Gateshead, Tyne & Wear, NE8 4EN.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The charity has net current liabilities.
The trustees are committed to raising funds to ensure the charity is able to repay its creditors as they fall due for repayment.
It should be noted that the overall position of the charity this year is a surplus of funds, thereby creating a healthy long-term outlook for the charity. Additionally, it should be noted that £40,000 in current liabilities, relates to one loan creditor who was repaid shortly after the year end.
Fair value
Debtors and creditors are stated at fair value.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
Fund accounting
Unrestricted funds held by the charity are funds that can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
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Haskel Society for Handicapped Children
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Haskel Society for Handicapped Children
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 15% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
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Haskel Society for Handicapped Children
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 99,707 | – | 99,707 |
| Grants | |||
| C S T security grants | – | 54,499 | 54,499 |
| Gateshead MBC | – | 686,944 | 686,944 |
| Newcastle City Council | – | 21,361 | 21,361 |
| London Borough Hackney | – | 10,104 | 10,104 |
| ---------------------------- | -------------------------------- | -------------------------------- | |
| 99,707 | 772,908 | 872,615 | |
| ============================ | ================================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 271,370 | – | 271,370 |
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Haskel Society for Handicapped Children
Notes to the Financial Statements (continued)
Year ended 31 March 2024
4. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Grants | |||||
| C S T security grants | – | 46,980 | 46,980 | ||
| Gateshead MBC | – | 441,242 | 441,242 | ||
| Newcastle City Council | – | 20,466 | 20,466 | ||
| London Borough Hackney | – | 39,508 | 39,508 | ||
| -------------------------------- | -------------------------------- | -------------------------------- | |||
| 271,370 | 548,196 | 819,566 | |||
| ================================ | ================================ | ================================ | |||
| 5. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Other income from charitable activities | – | – | 4,792 | 4,792 | |
| ============== | ============== | ======================= | ======================= | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Income from investment properties | 41,640 | 41,640 | 21,587 | 21,587 | |
| ============================ | ============================ | ============================ | ============================ | ||
| 7. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| CVS income | 8,833 | 8,833 | 3,273 | 3,273 | |
| ======================= | ======================= | ======================= | ======================= | ||
| 8. | Costs of other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Sundry fundraising costs | 52 | 52 | 8,402 | 8,402 | |
| ============== | ============== | ======================= | ======================= | ||
| 9. | Investment management costs | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Rent collection | 3,070 | 3,070 | 2,072 | 2,072 | |
| Property repairs and maintenance | |||||
| charges | 4,976 | 4,976 | 11,637 | 11,637 | |
| ----------------------- | ----------------------- | ---------------------------- | ---------------------------- | ||
| 8,046 | 8,046 | 13,709 | 13,709 | ||
| ======================= | ======================= | ============================ | ============================ |
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Haskel Society for Handicapped Children
Notes to the Financial Statements (continued)
Year ended 31 March 2024
10. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Educational expenditure | 97,459 | 772,908 | 870,367 |
| External provision | 18,552 | – | 18,552 |
| Support costs | 22,810 | – | 22,810 |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| 138,821 | 772,908 | 911,729 | |
| ================================ | ================================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Educational expenditure | 165,131 | 548,196 | 713,326 |
| External provision | 20,659 | – | 20,659 |
| Support costs | 15,579 | – | 15,580 |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| 201,369 | 548,196 | 749,565 | |
| ================================ | ================================ | ================================ |
11. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Educational expenditure | 870,367 | 21,251 | 891,618 | 727,466 |
| External provision | 18,552 | – | 18,552 | 20,659 |
| Governance costs | – | 1,559 | 1,559 | 1,440 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | |
| 888,919 | 22,810 | 911,729 | 749,565 | |
| ================================ | ============================ | ================================ | ================================ |
12. Analysis of support costs
| Analysis of | |||
|---|---|---|---|
| support costs | Total 2024 | Total 2023 | |
| £ | £ | £ | |
| Finance costs | 21,251 | 21,251 | 14,140 |
| Governance costs | 1,559 | 1,559 | 1,440 |
| ---------------------------- | ---------------------------- | ---------------------------- | |
| 22,810 | 22,810 | 15,580 | |
| ============================ | ============================ | ============================ | |
| Net income | |||
| Net income is stated after charging/(crediting): | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | – | 338 | |
| ============== | ============== |
13. Net income
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Haskel Society for Handicapped Children
Notes to the Financial Statements (continued)
Year ended 31 March 2024
14. Independent examination fees
2024 2023 £ £ Fees payable to the independent examiner for: Independent examination of the financial statements 1,560 1,440
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024 2023 £ £ Wages and salaries 612,586 518,886
| The average head count of employees during the year was 57 (2023: 52). The average | The average head count of employees during the year was 57 (2023: 52). The average | number |
|---|---|---|
| of full-time equivalent employees during the year is analysed as follows: | ||
| 2024 | 2023 | |
| No. | No. | |
| Number of administrative staff | 3 | 3 |
| Number of teaching staff | 54 | 49 |
| -------------- | -------------- | |
| 57 | 52 | |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
16. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
17. Tangible fixed assets
| Land and | Fixtures and | ||
|---|---|---|---|
| buildings | fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 April 2023 and 31 March 2024 | 1,950,772 | 3,374 | 1,954,146 |
| ========================================= | ======================= | ========================================= | |
| Depreciation | |||
| At 1 April 2023 and 31 March 2024 | – | 3,374 | 3,374 |
| ========================================= | ======================= | ========================================= | |
| Carrying amount | |||
| At 31 March 2024 | 1,950,772 | – | 1,950,772 |
| ========================================= | ======================= | ========================================= | |
| At 31 March 2023 | 1,950,772 | – | 1,950,772 |
| ========================================= | ======================= | ========================================= |
No depreciation has been charged on the freehold property as it has been maintained to a high standard.
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Haskel Society for Handicapped Children
Notes to the Financial Statements (continued)
Year ended 31 March 2024
18. Debtors
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other debtors | 3,033 | 1,385 | |
| ======================= | ======================= | ||
| 19. | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Accruals and deferred income | 52,435 | 44,425 | |
| ============================ | ============================ | ||
| 20. | Creditors: amounts falling due after more than one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Bank loans and overdrafts | 266,118 | 275,195 | |
| Other creditors | 1,040,000 | 1,045,000 | |
| ----------------------------------------- | ----------------------------------------- | ||
| 1,306,118 | 1,320,195 | ||
| ========================================= | ========================================= |
Bank loans and overdrafts, are secured on the land and buildings of the charity.
Additionally, the charity received a five-year unsecured £1,000,000 loan from a member of the public.
21. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At 01 | At 31 | |||
| Apr 2023 | Income | Expenditure | Mar 2024 | |
| £ | £ | £ | £ | |
| General funds | 625,015 | 150,180 | (146,919) | 628,276 |
| ================================ | ================================ | ================================ | ================================ | |
| At 01 | At 31 | |||
| Apr 2022 | Income | Expenditure | Mar 2023 | |
| £ | £ | £ | £ | |
| General funds | 547,473 | 301,022 | (223,480) | 625,015 |
| ================================ | ================================ | ================================ | ================================ |
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Haskel Society for Handicapped Children
Notes to the Financial Statements (continued)
Year ended 31 March 2024
21. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | 01 | At 31 | |||
| Apr 2023 | Income | Expenditure | Mar 2024 | ||
| £ | £ | £ | £ | ||
| Grants received fund | – | 772,908 | (772,908) | – |
|
| ============== | ================================ | ================================ | ============== | ||
| At | 01 | At 31 | |||
| Apr 2022 | Income | Expenditure | Mar 2023 | ||
| £ | £ | £ | £ | ||
| Grants received fund | – | 548,196 | (548,196) | – |
|
| ============== | ================================ | ================================ | ============== | ||
| Analysis of net assets between funds | |||||
| Unrestricted | Total Funds | ||||
| Funds | 2024 | ||||
| £ | £ | ||||
| Tangible fixed assets | 1,950,772 | 1,950,772 | |||
| Current assets | 36,057 | 36,057 | |||
| Creditors less than 1 year | (52,435) | (52,435) |
|||
| Creditors greater than 1 year | (1,306,118) | (1,306,118) |
|||
| ----------------------------------------- | ----------------------------------------- | ||||
| Net assets | 628,276 | 628,276 | |||
| ========================================= | ========================================= | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2023 | ||||
| £ | £ | ||||
| Tangible fixed assets | 1,950,772 | 1,950,772 | |||
| Current assets | 38,863 | 38,863 | |||
| Creditors less than 1 year | (44,425) | (44,425) |
|||
| Creditors greater than 1 year | (1,320,195) | (1,320,195) |
|||
| ----------------------------------------- | ----------------------------------------- | ||||
| Net assets | 625,015 | 625,015 | |||
| ========================================= | ========================================= |
22. Analysis of net assets between funds
23. Analysis of changes in net debt
| At | |||
|---|---|---|---|
| At 1 Apr 2023 Cash flows | 31 Mar 2024 | ||
| £ | £ | £ | |
| Cash at bank and in hand | 37,478 | (4,454) | 33,024 |
| Debt due after one year | (275,195) | 9,077 | (266,118) |
| -------------------------------- | ----------------------- | -------------------------------- | |
| (237,717) | 4,623 | (233,094) | |
| ================================ | ======================= | ================================ |
24. Taxation
Haskel Society for Handicapped Children is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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