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2022-08-31-accounts

Page
Trustees' annua
I report
Independent
auditor's		 report to the members
Statement
offinancial		 activities 12
Stateinent offinancial position 13
Statement ofcash flows 14
Notes to the financial statements 155

Reference and administrative and administrative and administrative details
Registered charity name Beis Chinuch Lebonos I imited
Charity registration number t049458
Company registration number 02831224
Principal office and registered 103High Street
office Waltham Cross
EN8 7AN
England
The trustees
N Spitzer (Appointed 21 January 2022)
E Spitzer
A Schechter
Rabbi C Teitelbaum
Company secretary Neil Spitzer
Auditor Brindley Goldstein Limited
Chartered accountants &statutory auditor
103High Street
Waltham Cross
Heris
EN8 7AN

2022 2022 2021
Unrestricted
Note funds
f		 Total funds
f		 Total funds
Income and endowments
Donations
and legacies		 5 4,207,908 4,207,908 4,170,319
Charitable
activities		 6 7,530 7,530 7,975
Total income 4,215,438 4,215,438 4,178,294
Expenditure
Expenditure
on raising funds:
Costs ofraising donations and legacies 7 36,574 36,574 16,870
Expenditure
on chadtable		 activities 8,9 4,161,246 4,161,246 3,859,499
Total expenditure 4,197,820 4,197,820 3,876,369
Net income and net movement in funds 17,618 17,618 301,925
Reconciliation
offunds
Total funds brought forward as previously reported 36,991 36,991 809,069
Prior year adjustment (1,074,003)
Total funds brought forward as restated 36,991 36,991 (264,934)
Total funds carried forward 54,609 54,609 36,991

31August 2022
2022 2021
Note
Fixed assets
Intangible
assets		 15 42,105 50,700
Tangible fixed assets 16 116,340 134,907
158,445 185,607
Current assets
Debtors 17 517,623 358,235
Cash at bank and in hand 57,122 6,960
574,745 365,195
Creditors: amounts falling due within one year 18 640,408 461,230
Net current liabilities 65,663 96,035
Total assets less current liabilities 92,782 89,572
Creditors: amounts falling due after more than one year 19 38,173 52,581
Net assets 54,609 36,991
Funds ofthe charity
Unrestricted
funds		 54,609 36,991
Total charity funds 23 54,609 36,991

2022 2021
f
Cash flows from operating activities
Net income 17,618 301,925
Adjustmen/s
for:
Depreciation
oftangible fixed assets		 31,136 36,741
Amortisation
ofintangible
assets		 13,695 12,675
Government
grant income		 (83,456)
Interest payable
and similar		 charges 11,740 9,254
Accrued expenses/(income) 5,100 (4,200)
Changes
in:
Trade and other debtors (159,388) (186,644)
Trade and other creditors 172,969 (46,983)
Cash generated
from operations		 92,870 39,312
Interest paid (11,740) (9,254)
Net cash from operating
activities		 81,130 30,058
Cash flows from investing activities
Purchase
oftangible assets		 (12,569) (70,627)
Purchase
of intangible
assets		 (5,100) (63,375)
Net cash used
in investing
activities		 (17,669) (134,002)
Cash flows from financing activities
Proceeds
from borrowings		 (10,000) (2,500)
Government
grant income		 83,456
Payments
offinance lease liabilities		 (3,299) 18,896
Net cash (used in)/from
financing		 activities (13,299) 99,852
Net increase/(decrease)
in
Cash and cash equivalents		 cash and cash
at beginning		 equivalents
ofyear		 50,162
6,960		 (4,092)
11,052
Cash and cash equivalents at end ofyear 57,122 6,960

5. undertakes
amount as
Donations		 to c
may
and		 ontribute
to
be required
legacies		 the assets of the compan
not exceeding Et.		 y,
in the eve		 nt of a winding up, such an
Unrestricted Total Funds Unrestricted Total Funds
Funds
f		 2022 Funds
6		 2021
Donations
Donations 965,693 965,693 658,565 658,565
Child Care Fees 2,224,772 2,224,772 2,344,229 2,344,229
Grants
Grants funding receivable 1,017,443 1,017,443 1,084,069 1,084,069
Government grant income 83,456 83,456
4,207,908 4,207,908 4,170,319 4,170,319
6. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
E		 2022
6		 Funds
f		 2021
Rental income 7,530 7,530 7,975 7,975
7. Costs ofraising donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
E E
Costs of raising donations 36,574 36,574 16,870 16,870

8. Expenditu r e on charita ble activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
6 6 F 6
Charitable activities 2,200,019 2,200,019 2,012,450 2,012,450
Support costs 1,961,227 1,961,227 1,847,049 1,847,049
4,161,246 4,161,246 3,859,499 3,859,499
9. Expenditure on charitable activities by activity type
Activities
undertaken Support Total funds Total fund
directly
f		 costs 2022 2021
Charitable activities 2,200,019 1,952,527 4,152,546 3,855,899
Governance costs 8,700 8,700 3,600
2,200,019 1,961,227 4,161,246 3,859,499
10. Analysis of support costs
Total 2022
f		 Total 2021
f
Staff costs 1,952,527 1,843,449
11. Net income
Net income is stated after charging/(crediting):
2022 2021
6 6
Amortisation ofintangible assets 13,695 12,675
Depreciation oftangible fixed assets 31,136 36,741
Operating lease rentals 23,808 23,014
12. Auditors remuneration
2022 2021
6
Fees payable for the audit of the financial statements 8,700 3,600

None
of the trustees
(or any
persons
connected
benefits
from the charity during the year.
Intangible assets		 with
them)
received
any
remuneration
o
Intangible
asset
Cost
At 1 September 2021 63,375
Additions 5,100
At 31August 2022 68,475
Amortisation
At 1 September 2021 12,675
Charge for the year 13,695
At 31August 2022 26,370
Carrying
amount
At 31August 2022 42,105
At 31 August 2021 50,700

Tangible fixed asse ts
Plant and Motor
machinery vehicles
f		 Equipment Total
8
Cost
At 1 September 2021 227,385 40,987 175,028 443,400
Additions 7,709 4,860 12,569
At 31August 2022 235,094 40,987 179,888 455,969
Depreciation
At 1 September 2021 174,362 11,565 122,566 308,493
Charge for the year 15,183 7,355 8,598 31,136
At 31August 2022 189,545 18,920 131,164 339,629
Carrying
amount
At 31August 2022 45,549 22,067 48,724 116,340
At 31 August 2021 53,023 29,422 52,462 134,907
Debtors
2022 2021
Trade debtors 517,533 358,235
Other debtors 90
517,623 358,235
Creditors: amounts falling due within one year
2022 2021
6
Bank loans and overdrafts 11,074 10,000
Trade creditors 275,351 237,569
Accruals and deferred income 8,700 3,600
Obligations
under finance leases and		 hire purchase contracts 3,850 3,815
Other creditors 341,433 206,246
640,408 461,230
Creditors: amounts falling due after more than one year
2022 2021
Bank loans and overdrafts 26,426 37,500
Obligations
under finance leases and		 hire purchase contracts 11,747 15,081
38,173 52,581

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:
2022 2021
Z f.
Not later than 1 year 3,850 3,815
Later than 1 year and not later than 5years 11,747 15,081
15,597 18,896

contribution
Government		 contribution
Government		 plans was 6
grants		 5,331 (2021:f4, (2021:f4, 712).
The amounts recognised in the financial statements for government grants are as follows:
2022 2021
f
Recognised in income from donations and legacies:
Government grants income 83,456
Analysis of charitable funds
Unrestricted funds
At At
1 September Prior year 31 August 2
2021
f.		 Income
f.		 Expenditure
f		 adjustments
f.		 022
General funds 36,991 4,215,438 (4,197,820) 54,609
At At
1 September Prior year 31 August 20
2020
f		 Income
f		 Expenditure
f		 adjustments f 21
General funds 809,069 4,178,294 (3,876,369) (1,074,003) 36,991

Analysis of net as se ts between funds
Unrestricted Total Funds
Funds
f		 2022
f
Tangible fixed assets 158,445 158,445
Current assets 574,745 574,745
Creditors less than 1 year (640,408) (640,408)
Creditors greater than 1 year (38,173) (38,173)
Net assets 54,609 54,609
Unrestricted Total Funds
Funds
f		 2021
f
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 assets 36,991 36,991

Analy sis ofchanges
in net debt
At At
1 Sep 2021
f		 Cash flows
f		 31Aug 2022
f
Cash at bank and in hand 6,960 50,162 57,122
Debt due within one year (13,815) (1,109) (14,924)
Debt due after one year (52,581) 14,408 (38,173)
(59,436) 63,461 4,025