CHARITY REGISTRATION NUMBER: 1056294
Ahavas Shalom Trust Unaudited Financial Statements
5 April 2021
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Ahavas Shalom Trust
Financial Statements
Year ended 5 April 2021
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
Ahavas Shalom Trust
Trustees' Annual Report
Year ended 5 April 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2021.
| Reference and administrative | details |
|---|---|
| Registered charity name | Ahavas Shalom Trust |
| Charity registration number | 1056294 |
| Principal office | 7 Brantwood Road |
| Salford | |
| Manchester | |
| M7 4EN | |
| The trustees | |
| J Adler | |
| H Feldman | |
| J Gertner | |
| Independent examiner | Mr Howard Schwalbe ACA |
| 2nd Floor - Parkgates | |
| Bury New Road | |
| Prestwich | |
| Manchester | |
| M25 0TL |
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Ahavas Shalom Trust
Trustees' Annual Report (continued)
Year ended 5 April 2021
Structure, governance and management
Ahavas Shalom Trust is constituted under a trust deed dated 23 May 1996 as amended by a deed dated 12 April 2011. It is a registered charity with a charity number being 1056294.
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 an administrator 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.
There are no policies for the induction or training of new trustees.
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 grant making. These risks are managed by the trustees researching potential beneficiaries before granting donations.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants.
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Ahavas Shalom Trust
Trustees' Annual Report (continued)
Year ended 5 April 2021
Objectives and activities
The objects of the charity are the general charitable purposes where the trustees have discretion as to the charities selected.
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 has established its grant making policy to achieve its objects for the public benefit. The charity invites applications for funding through contacting local philanthropists to contribute towards projects that both the trustees and the philanthropists feel are appropriate for the charities objects.
The policy is to assist in the furtherance of Jewish education and religion, relieve poverty, and to alleviate hardship wherever possible. Each application and request is considered on its own merit.
The application of the funds by way of grants is to either institutions or individuals.
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 the number and value of grants paid out for each objects. The grants paid out in the year are detailed in the notes to the accounts 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.
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Ahavas Shalom Trust
Trustees' Annual Report (continued)
Year ended 5 April 2021
Achievements and performance
The charity received £190,659 in donations during the year as well as £6,916 from Synagogue and Mikvah income. The charity also received various covid grants totalling £19,700.
There was additional income for the charity in the year relating to office rental and JRS amounting to £13,708.
The charity paid out £166,218 by way of grants and £42,499 by way of direct expenses of the Synagogue and Mikvah operated by the charity. Support costs and governance costs of £38,487 were also incurred during the year.
Included in support costs is a payment of £35,225 that was paid out following an HMRC enquiry.
The grants and costs have been categorised for ease of reference and a full list of grants is available upon a written request to the trustees. These grants and costs were made in line with the stated objects of the charity as analysed below.
Grants paid out are in line with the objects of the charity in that they are either for educational, relief of poverty or religious purposes and have been categorised in the following way:-
-
Grants to institutions amounting to £62,937.
-
Grants to individuals amounting to £103,281.
The charity has low governance costs comprising professional fees.
Fundraising costs for the year amounted to £11,016.
There were no related party transactions in the reporting period.
There was net expenditure and net movement in funds during the year amounting to £27,236.
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Ahavas Shalom Trust
Trustees' Annual Report (continued)
Year ended 5 April 2021
Financial review
The trustees feel that the activity reflects the profile and standing within the local community. Overall the year was a good one in terms of income generated from donations and grants paid out.
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.
Coronavirus
The going concern of the charity has not been materially affected by the coronavirus. The charity received various covid grants as mentioned above. The charity also received a £50,000 bounce back loan during the year. So, despite increased costs associated with coronavirus, the charity was able to sustain itself and the trustees are confident that the charity will be able to continue for the foreseeable future.
Reserves policy
The Unrestricted Fund represents the unrestricted funds arising from past operating results. The trustees wish to keep reserves as low as possible in order to maximise paying out grants.
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 limited financial obligations of the charity, the trustees have resolved to maintain a minimum reserve practical for donations which are seasonal.
The free reserves being the net current assets of the charity stand at £18,417, all of which are unrestricted.
The trustees' annual report was approved on 4 February 2022 and signed on behalf of the board of trustees by:
J Adler Trustee
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Ahavas Shalom Trust
Independent Examiner's Report to the Trustees of Ahavas Shalom Trust
Year ended 5 April 2021
I report to the trustees on my examination of the financial statements of Ahavas Shalom Trust ('the charity') for the year ended 5 April 2021.
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
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
4 February 2022
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Ahavas Shalom Trust
Statement of Financial Activities
Year ended 5 April 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 210,359 | 210,359 | 73,908 |
| Charitable activities | 5 | 6,916 | 6,916 | 6,292 |
| Investment income | 6 | 1 | 1 | 3 |
| Other income | 7 | 13,708 | 13,708 | 482 |
| -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total income | 230,984 | 230,984 | 80,685 | |
| ================================ | ================================ | ============================ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of other trading activities | 8 | 11,016 | 11,016 | 877 |
| Expenditure on charitable activities | 9,10 | 247,204 | 247,204 | 80,995 |
| -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total expenditure | 258,220 | 258,220 | 81,872 | |
| ================================ | ================================ | ============================ | ||
| -------------------------------- | -------------------------------- | ---------------------------- | ||
| Net expenditure and net movement in funds | (27,236) | (27,236) | (1,187) | |
| ================================ | ================================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 476,925 | 476,925 | 478,112 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 449,689 | 449,689 | 476,925 | |
| ================================ | ================================ | ================================ |
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 9 to 17 form part of these financial statements.
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Ahavas Shalom Trust
Statement of Financial Position
5 April 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 17 | 481,242 | 470,060 | |
| Current assets | ||||
| Debtors | 18 | 6,850 | 6,850 | |
| Cash at bank and in hand | 17,850 | 5,945 | ||
| ---------------------------- | ---------------------------- | |||
| 24,700 | 12,795 | |||
| Creditors: amounts falling due within one year | 19 | 6,283 | 5,930 | |
| ---------------------------- | ---------------------------- | |||
| Net current assets | 18,417 | 6,865 | ||
| -------------------------------- | -------------------------------- | |||
| Total assets less current liabilities | 499,659 | 476,925 | ||
| Creditors: amounts falling due after more than | ||||
| one year | 20 | 50,000 | – | |
| -------------------------------- | -------------------------------- | |||
| Net assets | 449,659 | 476,925 | ||
| ================================ | ================================ | |||
| Funds of the charity | ||||
| Unrestricted funds: | ||||
| Revaluation reserve | 100,000 | 100,000 | ||
| Other unrestricted income funds | 349,689 | 376,925 | ||
| -------------------------------- | -------------------------------- | |||
| Total unrestricted funds | 449,689 | 476,925 | ||
| -------------------------------- | -------------------------------- | |||
| Total charity funds | 21 | 449,689 | 476,925 | |
| ================================ | ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 4 February 2022, and are signed on behalf of the board by:
J Adler Trustee
The notes on pages 9 to 17 form part of these financial statements.
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Ahavas Shalom Trust
Notes to the Financial Statements
Year ended 5 April 2021
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 7 Brantwood Road, Salford, Manchester, M7 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
There are no material uncertainties about the charity's ability to continue.
Fair value
Debtors and creditors are fairly stated.
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.
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Ahavas Shalom Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2021
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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Ahavas Shalom Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2021
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:
Equipment - 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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Ahavas Shalom Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2021
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 | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 190,659 | 190,659 | 73,908 | 73,908 |
| Grants | ||||
| Main’s grant | 9,700 | 9,700 | – | – |
| HMRC Covid Support Grant | 10,000 | 10,000 | – | – |
| -------------------------------- | -------------------------------- | ---------------------------- | ---------------------------- | |
| 210,359 | 210,359 | 73,908 | 73,908 | |
| ================================ | ================================ | ============================ | ============================ | |
| Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Synagogue & Mikvah income | 6,916 | 6,916 | 6,292 | 6,292 |
| ======================= | ======================= | ======================= | ======================= | |
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 1 | 1 | 3 | 3 |
| ============== | ============== | ============== | ============== |
5. Charitable activities
6. Investment income
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Ahavas Shalom Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2021
7. Other income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Office rental income | 4,973 | 4,973 | 482 | 482 |
| JRS | 8,735 | 8,735 | – | – |
| ---------------------------- | ---------------------------- | -------------- | -------------- | |
| 13,708 | 13,708 | 482 | 482 | |
| ============================ | ============================ | ============== | ============== | |
| Costs of other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Costs of other trading activities - | ||||
| Membership schemes and social | ||||
| lotteries | 11,016 | 11,016 | 877 | 877 |
| ============================ | ============================ | ============== | ============== | |
| Expenditure on charitable activities | by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Grants to individuals | 103,281 | 103,281 | – | – |
| Grants to institutions | 62,937 | 62,937 | – | – |
| Synagogue functions and sundry | 27,474 | 27,474 | 51,099 | 51,099 |
| Educational expenditure | 15,025 | 15,025 | 28,228 | 28,228 |
| Support costs | 38,487 | 38,487 | 1,668 | 1,668 |
| -------------------------------- | -------------------------------- | ---------------------------- | ---------------------------- | |
| 247,204 | 247,204 | 80,995 | 80,995 | |
| ================================ | ================================ | ============================ | ============================ |
8. Costs of other trading activities
9. Expenditure on charitable activities by fund type
10. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding |
Support | Total funds | Total fund | |
| directly | of activities |
costs | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Grants to individuals | – | 103,281 |
35,225 | 138,506 | 218 |
| Grants to institutions | – | 62,937 |
– | 62,937 | – |
| Synagogue functions | |||||
| and sundry | 27,474 | – |
2,064 | 29,538 | 51,350 |
| Educational expenditure | 15,025 | – |
– | 15,025 | 28,228 |
| Governance costs | – | – |
1,198 | 1,198 | 1,199 |
| ---------------------------- | -------------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | |
| 42,499 | 166,218 |
38,487 | 247,204 | 80,995 | |
| ============================ | ================================ | ============================ | ================================ | ============================ |
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Ahavas Shalom Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2021
11. Analysis of support costs
| Analysis of | ||||
|---|---|---|---|---|
| support costs | Total 2021 | Total 2020 | ||
| £ | £ | £ | ||
| General office | 37,287 | 37,287 | 469 | |
| Governance costs | 1,200 | 1,200 | 1,200 | |
| ---------------------------- | ---------------------------- | ----------------------- | ||
| 38,487 | 38,487 | 1,669 | ||
| ============================ | ============================ | ======================= | ||
| 12. | Analysis of grants | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Grants to institutions | ||||
| ABS Training | 3,000 | – | ||
| Amud Hatzdoka | 8,500 | – | ||
| Ateres Yoel | 1,750 | – | ||
| Bederech Kovod | – | 1,660 | ||
| Bnos Margulis | 2,000 | – | ||
| Friends of Wiznitz | 6,400 | – | ||
| Grants less than £1000 | 1,912 | 20 | ||
| Kollel Meleches Machsheves | 1,075 | – | ||
| Kupas Rashbi | – | 2,250 | ||
| Netzach Charity Trust | – | 3,600 | ||
| Three Pillars | – | 2,000 | ||
| TTT | 29,800 | – | ||
| Yesamach Levav | – | 1,480 | ||
| Yeshuos Shabbos | 8,500 | – | ||
| ---------------------------- | ---------------------------- | |||
| 62,937 | 11,010 | |||
| Grants to individuals | ||||
| Medical grants | – | 2,000 | ||
| Relief of poverty grants | 11,085 | 800 | ||
| Religious grants | 92,088 | 6,600 | ||
| Educational Grants | 108 | – | ||
| -------------------------------- | ----------------------- | |||
| 103,281 | 9,400 | |||
| -------------------------------- | ---------------------------- | |||
| Total grants | 166,218 | 20,410 | ||
| ================================ | ============================ | |||
| 13. | Net expenditure | |||
| Net expenditure is stated after charging/(crediting): | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 472 | 218 | ||
| ============== | ============== |
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Ahavas Shalom Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2021
14. Independent examination fees
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,200 | 1,200 |
| ======================= | ======================= |
15. Staff costs
The average head count of employees during the year was 3 (2020: 3). The average number of full-time equivalent employees during the year is analysed as follows:
2021 2020 No. No. Number of staff - educational researchers 3 3 ============== ==============
No employee received employee benefits of more than £60,000 during the year (2020: 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 | |||
|---|---|---|---|
| buildings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 6 April 2020 | 470,129 | 1,451 | 471,580 |
| Additions | 9,960 | 1,694 | 11,654 |
| -------------------------------- | ----------------------- | -------------------------------- | |
| At 5 April 2021 | 480,089 | 3,145 | 483,234 |
| ================================ | ======================= | ================================ | |
| Depreciation | |||
| At 6 April 2020 | – | 1,520 | 1,520 |
| Charge for the year | 472 | – | 472 |
| -------------------------------- | ----------------------- | -------------------------------- | |
| At 5 April 2021 | 472 | 1,520 | 1,992 |
| ================================ | ======================= | ================================ | |
| Carrying amount | |||
| At 5 April 2021 | 479,617 | 1,625 | 481,242 |
| ================================ | ======================= | ================================ | |
| At 5 April 2020 | 470,129 | (69) | 470,060 |
| ================================ | ======================= | ================================ | |
| Debtors | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Other debtors | 6,850 | 6,850 | |
| ======================= | ======================= |
18. Debtors
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Ahavas Shalom Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2021
19. Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 1,200 | 930 |
| Other creditors | 5,083 | 5,000 |
| ----------------------- | ----------------------- | |
| 6,283 | 5,930 | |
| ======================= | ======================= | |
| Creditors: amounts falling due after more than one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Bank loans and overdrafts | 50,000 | – |
| ============================ | ============== |
20. Creditors: amounts falling due after more than one year
21. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At 06 | At 05 | |||
| Apr 2020 | Income | Expenditure | Apr 2021 | |
| £ | £ | £ | £ | |
| General funds | 376,925 | 230,984 | (258,220) | 349,689 |
| Revaluation reserve | 100,000 | – | – | 100,000 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 476,925 | 230,984 | (258,220) | 449,689 | |
| ================================ | ================================ | ================================ | ================================ | |
| At 06 | At 05 | |||
| Apr 2019 | Income | Expenditure | Apr 2020 | |
| £ | £ | £ | £ | |
| General funds | 378,112 | 80,685 | (81,872) | 376,925 |
| Revaluation reserve | 100,000 | – | – | 100,000 |
| -------------------------------- | ---------------------------- | ---------------------------- | -------------------------------- | |
| 478,112 | 80,685 | (81,872) | 476,925 | |
| ================================ | ============================ | ============================ | ================================ |
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Ahavas Shalom Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2021
22. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2021 | |
| £ | £ | |
| Tangible fixed assets | 481,242 | 481,242 |
| Current assets | 24,700 | 24,700 |
| Creditors less than 1 year | (6,283) | (6,283) |
| Creditors greater than 1 year | (50,000) | (50,000) |
| -------------------------------- | -------------------------------- | |
| Net assets | 449,659 | 449,659 |
| ================================ | ================================ | |
| Unrestricted | Total Funds | |
| Funds | 2020 | |
| £ | £ | |
| Tangible fixed assets | 470,110 | 470,110 |
| Current assets | 12,745 | 12,745 |
| Creditors less than 1 year | (5,930) | (5,930) |
| Creditors greater than 1 year | – | – |
| -------------------------------- | -------------------------------- | |
| Net assets | 476,925 | 476,925 |
| ================================ | ================================ |
23. Taxation
Ahavas Shalom Trust is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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