##
##
##
##
##
||||Page|
|---|---|---|---|
|Trustees'|annual
report|||
|Independent
auditor's||report to the members||
|Statement|offinancial|activities|12|
|Statement|offinancial|position|13|
|Statement|ofcash flows||14|
|Notes to the financial||statements|15|
##
##
##
##
|Reference|and adm|inistrative
|inistrative
|details|details|details||||
|---|---|---|---|---|---|---|---|---|---|
|Registered|charity|name||Beis Chinuch
Lebonos|||I imited|||
|Charity registration||number||1049458||||||
|Company|registration||number|02831224||||||
|Principal office and||registered||103High|Street|||||
|office||||Waltham|Cross|||||
|||||EN8 7AN||||||
|||||England||||||
|The trustees||||||||||
|||||N Spitzer||||(Appointed|21 January 2022)|
|||||ESpitzer||||||
|||||A Schechter||||||
|||||Rabbi C Teitelbaum||||||
|Company|secretary|||Neil Spitzer||||||
|Auditor||||Brindley Goldstein||Limited||||
|||||Chartered|accountants||&statutory|auditor||
|||||103High|Street|||||
|||||Waltham|Cross|||||
|||||Herts||||||
|||||EN8 7AN||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||2021|2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|||
||||||||funds|Total funds|Total funds|
|||||||Note|6|6|E|
|Income and endowments||||||||||
|Donations
and legacies||||||5|4,170,319|4,170,319|3,706,112|
|Charitable
activities||||||6|7,975|7,975|48,635|
|Total income|||||||4,178,294|4,178,294|3,754,747|
|Expenditure||||||||||
|Expenditure
on raising funds:||||||||||
|Costs of raising|donations||and legacies|||7|16,870|16,870|10,613|
|Expenditure
on charitable||activities||||8,9|3,859,499|3,859,499|3,606,620|
|Total expenditure|||||||3,876,369|3,876,369|3,617,233|
|Net (expenditure)/income||and|net movement||in|funds|301,925|301,925|137,514|
|Reconciliation
offunds||||||||||
|Total funds brought|forward as||previously|reported|||809,069|809,069|671,555|
|Prior year adjustment|||||||(1,074,003)|(1,074,003)||
|Total funds brought|forward as||restated||||(264,934)|(264,934)|671,555|
|Total funds carried|forward||||||36,991|36,991|809,069|
##
##
##
|31August 202|1|||||
|---|---|---|---|---|---|
|||||2021|2020|
||||Note|8||
|Fixed assets||||||
|Intangible
assets|||16|50,700||
|Tangible fixed assets|||17|134,907|101,021|
|||||185,607|101,021|
|Current assets||||||
|Debtors|||18|358,235|1,245,594|
|Cash at bank and|in hand|||6,960|11,052|
|||||365,195|1,256,646|
|Creditors: amounts||falling due within one year|19|461,230|501,098|
|Net current
liabilities||||i96,035)|755,548|
|Total assets less|current liabilities|||89,572|856,569|
|Creditors: amounts||falling due after more than one year|20|52,581|47,500|
|Net liabilities||||36,991|809,069|
|Funds ofthe charity||||||
|Unrestricted
funds||||36,991|809,069|
|Total charity funds|||24|36,991|809,069|
##
##
##
|Year ended 31August||2021||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||E|
|Cash flows from operating||activities||||
|Net (expenditure)/income||||301,925|137,514|
|Adjustments
for:||||||
|Depreciation
oftangible
fixed||assets||36,741|27,492|
|Amortisation
of intangible assets||||12,675||
|Government
grant income||||(83,456)|(273,310)|
|Interest payable
and similar|charges|||9,254|62,856|
|Accrued (income)/expenses||||(4,200)|7,800|
|Other operating
cash flow adjustment|||||588,360|
|Changes
in:||||||
|Trade and other debtors||||(186,644)|(1,245,594)|
|Trade and other creditors||||(46,983)|490,798|
|Cash generated
from operations||||39,312|(204,084)|
|Interest paid||||(9,254)|(62,856)|
|Net cash from/(used
in) operating
activities||||30,058|(266,940)|
|Cash flows from investing|activities|||||
|Purchase oftangible assets||||(70,627)|(45,318)|
|Purchase of intangible
assets||||(63,375)||
|Net cash used
in investing
activities||||(134,002)|(45,318)|
|Cash flows from financing||activities||||
|Proceeds from borrowings||||(2,500)|50,000|
|Government
grant income||||83,456|273,310|
|Payments
offinance lease liabilities||||18,896||
|Net cash from financing
activities||||99,852|323,310|
|Net (decrease)/increase
in|cash and cash||equivalents|(4,092)|11,052|
|Cash and cash equivalents||at beginning|ofyear|11,052||
|Cash and cash equivalents||at end ofyear||6,960|11,052|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
||||Funds|2021|Funds|2020|
||||f|F||6|
|Donations|||||||
|Donations|||658,565|658,565|||
|Child Care|Fees||2,344,229|2,344,229|2,521,679|2,521,679|
|Grants|||||||
|Grants funding||receivable|1,084,069|615,307|911,123|911,123|
|Government|grant income||83,456|83,456|273,310|273,310|
||||4,170,319|4,170,319|3,706,112|3,706,112|
##
|6.|Charitable
a|ctivities||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
|||||6||6|6|
||Rental income|||7,975|7,975|48,635|48,635|
|7.|Costs of raising donations|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
6|2021
f|Funds|2020|
||Costs of raising donations|||16,870|16,870|10,613|10,613|
|8.|Expenditure|on charitable|activities|by fund type||||
|Expenditur|e
on charitable
a|ctivities
by fund type||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|||F|E|F|F|
|Charitable|activities|2,012,450|2,012,450|1,734,538|1,734,538|
|Support costs||1,847,049|1,847,049|1,872,082|1,872,082|
|||3,859,499|3,859,499|3,606,620|3,606,620|
##
##
##
##
||||||Activities|||||
|---|---|---|---|---|---|---|---|---|---|
||||||undertaken|Support||Total funds|Total fund|
||||||directly|costs||2021|2020|
|||||||E|||E|
||Charitable|activities|||2,012,450|1,843,449||3,855,899|3,598,820|
||Governance||costs|||3,600||3,600|7,800|
||||||2,012,450|1,847,049||3,859,499|3,606,620|
|10.|Analysis|of|support costs|||||||
|||||||Analysis|of|||
|||||||support costs||Total 2021|Total 2020|
|||||||E||E|E|
||Staff costs|||||1,843,449||1,843,449|1,864,282|
|11.|Analysis|of|grants|||||||
|||||||||2021|2020|
|||||||||E|E|
||Grants to|institutions||||||||
||Grants to|institutions|||||||228,000|
||Total grants||||||||228,000|
|12.|Net (expenditure)/income|||||||||
||Net (expenditure)/income|||is stated after|charging/(crediting):|||||
|||||||||2021|2020|
|||||||||E||
||Amortisation||of intangible|assets||||12,675||
||Depreciation||oftangible|fixed assets||||36,741|27,492|
||Operating|lease rentals||||||23,014||
|13.|Auditors|remuneration||||||||
|||||||||2021|2020|
|||||||||E||
||Fees payable||for the audit ofthe financial||statements|||3,600|7,800|
##
##
##
##
##
##
##
|None
of the trustees
(or any
persons
connected
benefits from the charity during
the year
Intangible assets|with
them)
received
any
remuneration
o|
|---|---|
||Software|
|Cost||
|Additions|63,375|
|At 31August 2021|63,375|
|Amortisation||
|Charge for the year|12,675|
|At 31August 2021|12,675|
|Carrying
amount||
|At 31August 2021|50,700|
|At 31 August 2020||
##
|Tangible fixed assets|||||
|---|---|---|---|---|
||Plant and|Motor|||
||machinery|vehicles|Equipment|Total|
||E|E|F||
|Cost|||||
|At 1 September 2020|216,905|3,153|152,715|372,773|
|Additions|10,480|37,834|22,313|70,627|
|At 31August 2021|227,385|40,987|175,028|443,400|
|Depreciation|||||
|At 1 September 2020|156,687|1,757|113,308|271,752|
|Charge for the year|17,675|9,808|9,258|36,741|
|At 31August 2021|174,362|11,565|122,566|308,493|
|Carrying
amount|||||
|At 31August 2021|53,023|29,422|52,462|134,907|
|At 31August 2020|60,218|1,396|39,407|101,021|
##
##
##
##
##
|18.|Debtors||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||8|
||Trade debtors||||358,235||
||Amounts
owed by connected companies|||||1,245,594|
||||||358,235|1,245,594|
|19.|Creditors:|amounts|falling due within one year||||
||||||2021|2020|
|||||||5|
||Bank loans|and overdrafts|||10,000|2,500|
||Trade creditors||||237,569|88,423|
||Accruals and deferred||income||3,600|7,800|
||Obligations|under finance leases and hire purchase||contracts|3,815||
||Other creditors||||206,246|402,375|
||||||461,230|501,098|
|20.|Creditors:|amounts|falling due after more than|one year|||
||||||2021|2020|
|||||||6|
||Bank loans|and overdrafts|||37,500|47,500|
||Obligations|under finance leases and hire purchase||contracts|15,081||
||||||52,581|47,500|
##
|Finance leases|Finance leases|Finance leases|and hire|purchase contra|cts||
|---|---|---|---|---|---|---|
|The total future|||minimum|lease payments|under finance leases and hire purchase|contracts are|
|as follows:|||||||
||||||2021|2020|
|||||||F|
|Not later than||1|year||3,815||
|Later than|1|year and not||later than 5years|15,081||
||||||18,896||
##
##
##
##
##
##
##
##
|Government|Government||grants|grants|grants|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|The amounts|||recognised|||in the financial statements||for|government|grants are as follows:||
|||||||||||2021|2020|
||||||||||||8|
|Recognised||in income|||from donations||and legacies:|||||
|Government||grants||income||||||83,456|273,310|
|Analysis|of|charitable||||funds||||||
|Unrestricted|||funds|||||||||
|||||||At|||||At|
|||||||1 September||||Prior year|31August 2|
|||||||2020|Income||Expendituref|adjustments
F|021|
|General|funds|||||809,069|4,178,294||(3,876,369)|(1,074,003)|36,991|
|||||||At|||||At|
|||||||1 September||||Prior year|31 August 20|
|||||||2019|Income||Expenditure|adjustments|20|
||||||||8||||8|
|General|funds|||||671,555|3,754,747||(3,617,233)||809,069|
|Analysis|of|net assets||||between funds||||||
|||||||||||Unrestricted|Total Funds|
|||||||||||Funds|2021|
|||||||||||8|8|
|Tangible|fixed||assets|||||||185,607|185,607|
|Current assets||||||||||365,195|365,195|
|Creditors|less||than|1 year||||||(461,230)|(461,230)|
|Creditors|greater than||||1|year||||(52,581)|(52,581)|
|Net liabilities||||||||||36,991|36,991|
|||||||||||Unrestricted|Total Funds|
|||||||||||Funds|2020|
||||||||||||8|
|Tangible|fixed||assets|||||||101,021|101,021|
|Current assets||||||||||1,256,646|1,256,646|
|Creditors|less||than|1 year||||||(501,098)|(501,098)|
|Creditors|greater than||||1|year||||(47,500)|(47,500)|
|Net liabilities||||||||||809,069|809,069|
##
##
##
##
##
|Anal|ysis ofchang|es
in net debt||||
|---|---|---|---|---|---|
||||At||At|
||||1 Sep 2020
f|Cash flows|31Aug 2021
6|
|Cash|at bank and|in hand|11,052|(4,092)|6,960|
|Debt|due within one year||(2,500)|(11,315)|(13,815)|
|Debt|due after one|year|(47,500)|(5,081)|(52,581)|
||||(38,948)|(20,488)|(59,436)|
##