fkn* Inle fW( InlefW( rW( InierWI( Inier" erld( Inlerld( (Irt( Inle(W lrterw lrte(W Intetrx Inle(kr& Inle(W kniefw Iniefw Inie(W( Iniefld* Inle(W Inte(W In le(W fw Iniefld( Inlefl(k IniefW( Interw( ItwW( Inie(Frt( Interkn* Wefhrt( Inieftra* IniefW( Inieruk InlerW( I InierKd( IntefFA( l(tr(W InierW kniefw Inlertrt InieMI( IniefW( Iniefld( ,-¥AiLnk Inie(W knterfrfl( lrtefld( Iniefiw# InleM( lrteM( Inlerk(* knierW( Inte(lrt Inle(W lrte(tsrt( li ledd( InlefW( InterW( InierWI( InlerFA( rw Inierw Inieflth knie(trt Inieth( lrte(W InlefW( InieM( ￿er1d< InierFA& ￿e[l[l( 10 The Bigger Inledd( kniefW( Iniefld( Iniefw InierFA* Inle(Frt( Inte(W Inie(W I I"rf* Inleftra* lrtefW IniefW( InierW( IniefW( IniefW( IniefW( lrterW( Inierld( .*erW( Werld( lrte(W( knier Inle(kr¥ Inieftsrt( Inle( 'nlefW Iniefkn* Iniem .fW* InlefW( Inlerw lrterla( Inle(kr& Inte( Iniertsrk Iniert kniefW( In*¢ Inierld( lrtei Inierlrt l(&e Inie(krk nk Inlefw efW( InlefW( lefld( Inierld( lo Inierlrt irte(krt( Inie(krk IniefknK I e(W Iniertd* r¥ IniefW* InierW( IDterW( I IlerKd( Inier" Ilerlrt( lrtefw In ,qocacy . Rese, ..T(aining . Pa(Ine( AdVOCc ( Nood Inilialives • . Compliance • T(aioin iup . Neigbou(hood Iniiol e. • Consullancy . Complia,Ic hips • Chacily Selup ' . 4vocacy . Resea(cr pa(11 i K Inlefw Picture - InlerW( InierFA rlrt( Inle( rlrt( InlerlK& Inle(W( fhrt( In e (knK Inie(W kniefw Inlefld( Ifi efW( InierM* InterFAd( ( Inierlrt( Inle(knnK Inte(W knieflrf Inie(W Inlefw Inie(Id* Inieil .lirf( InierW( IniefW( ( Inieflrt If. = fw( IniefW( Inle(knnK td( Iniedd( InlefW( Iniertd( InieM( rtefW( InEerlrt( IDierlK& IDle(kr&( I rW( lThiefW Iniefhrt( InlefW Inieth( Inter￿[ rw InierW( Interw( we(W Inie(W( Inierk(l( Inierlrt( We(W Inte(krt( Iniefhnk .. I￿￿￿nK Inie(Mk hiiermk Iniedid( link (d( Inlefli rbf* efW( Inief InlefW( . liile(krt( lrtefhrt( Inle(hfts Inieihftt I k In[pr￿{ Inie(kn4( OrthtyJoxJewishVofuntsiyAction Annual Report and Accounts for The Interlink Foundation Year ending March 2023 lin I am pleased to present The Interlink Foundation's annual report and accounts for 2023, offering you a glimpse of our organisation’s extensive work, every day of the year. Times have been challenging for the charitable sector that is facing the dichotomy of hugely escalating needs within communities, and reduced funding and investment. The Cost of Living Crisis has had a particularly difficult effect on Charedi families, with their larger households and costs of Kosher consumption. It is during this time that Interlink steps into its role; supporting community initiatives in their early stages, as well as helping organisations see the bigger picture and working strategically with partners both within the community and outside of it to maximise positive impact. This year has seen The Interlink Foundation and its members work with courage and creativity. We are grateful to our partners and supporters for continuing to stand by our side, even more so through recent harrowing world events. May the coming year bring better times for all . **Mr J M Grosskopf** Chair of Trustees ## Our charitable objects, as stated on our governing document, are: **Our mission is to strengthen the Orthodox Jewish community by:** To promote any charitable purpose primarily for the benefit of the Orthodox Jewish community and, in particular, support of voluntary activity, the relief of poverty, the promotion of health, social welfare and education. - Upskilling and supporting community organisations - Bringing the voice of community organisations to policy and decision makers - Supporting the development of new services to meet community needs **3** cd( Inleth* I rw( IniefFrt( I ,,rW* Inlefw I Iniedil( e(W IftsfW( le(W Inier ef rterW( In efl(4 1 irte(W Inled(l( I InlerW( Inlefw ￿er￿{ K InlefW( Intef K lrterld( Inle( rk Ifiter ,nk Inier Inier Developing Community Charities Building capacity in the local voluntary sector Communityvoice Bringing the Orthodox Jewish voice to the public sphere, influencing and shaping policy and practice Inie(hrt( IntefW( I Id( Inie(W Inle(W( I krt( lrterld( Inie(Frt( I IniertrA* Inief rtd( ￿e(1th Inle( .'rW( Inle(W( l(*ediX >rld( Inietw .e(lrt( Inied Partnerships Collaboratins within the community and outside of it to maximise social impact The PinterTrust Proactively engaging Wlth diverse stakeholders to safeguard the interests of the Charedi community (W( In Inietw I Inierfrf* I rlth InieMI( cd( Inleth* I rw( IniefFrt( li ,,rW* Inlefw I Iniedil( e(W IftsfW( le(W InierW( ef rterW( In efiK4 1 irte(W Inlefld( Ir InieM( Inlefw InierW( K InlefW( Inter K lrterld( Inle( rk Ifiter ,nk Inier irt( Inier •• kntefW( Inle Inle(W( InleMK ,,rld( Inie(Frtt Inle rtrA* Inie(hrt( e(lth Inied( etw .e(lrt( Inied Iwl( Inie Inierfrf* InieM( rlth InieMI( **Interlink is an amazing and crucial service that I have come to use many times in my role as director. There is always something new and it keeps upgrading with new provisions.** _**H.S. Charity director, Lighthouse for Women**_ **6** **----- Start of picture text -----**
Engage with 200 We engaged with 213
community member
organisations. organisations in
2022/23.
Provide development 204 organisations
support to 100 received development
organisations. support.
**----- End of picture text -----**
**7** **Offering an extensive list of trainings, Interlink gives charities the opportunity to develop their knowledge and skills to improve the running of their charities. Trainings offered include:** - **Before you Start** - **Financial Management** - **Understanding Accounts** - **Charity Compliance** - **Equality and Diversity** - **Fundraiser’s Induction course** - **Governance and regulatory compliance** **Interlink’s safeguarding trainings are accredited by the City and Hackney Safeguarding Children Partnership. Statuary and charitable groups across the community praise the trainings as a culturallysensitive, high-quality option for achieving their qualifications.** **----- Start of picture text -----**
Provide training to Over 681 individuals
150 organisations. participated in 31 training
sessions,
benefitting 165
organisations.
**----- End of picture text -----**
**8** **The training was really informative and made me realise that our accounts don't really tell anyone what we are doing. You gave me a lot of knowledge and clarity!** **Thank you for a The training... gave me so many clear, open training; important bits of information, very important and especially incorporating my applicable. charity's mission and vision more fully into my funding application.** _Attendee, Advanced Safeguarding Training Attendee, Fundraiser's Induction Course_ _Attendee, Financial Management_ **Thank you for a very helpful and informative course... if I would ever find myself in such a situation, I would be extremely confident as to who to speak to and how to proceed.** _Attendee, Basic Safeguarding Training_ **9** **Our compliance offer covers all regulatory bases.** ## **We provide:** - **Customised policies** - **One-on-one policy handover sessions** - **Free online health-check** **Centrally-located within the community, Interlink’s boardroom plays host to a variety of events, individual charity consultations and serves as a multipurpose charity centre for voluntary groups of all sizes.** **----- Start of picture text -----**
50 community We helped raise
organisations/ professional standards
charities raise their in 149 organisations,
professional including compliance with
standards and/or charity requirements,
develop new services. good governance,
employment and
personnel matters,
financial management
and other regulatory
matters. (This excludes
the impact of Interlink
training.)
**----- End of picture text -----**
**10** Generate at least £1 The narrow economic million for community payback to the organisations community of Interlink’s and services. activities over the year, excluding the value of consortium activities, is calculated at £2,190,110. This includes funds raised by organisations with the support of Interlink’s Charity Support Services staff, and funds raised as a result of Interlink community advocacy. **11** **Interlink… have proven themselves to be a crucial catalyst for improving outcomes for children and families within the community. As an organisation, they are impactful, responsive and thoughtful and we highly value our relationship with them in enabling healthier lives across our local area.** ## _Amy Wilkinson_ _Workstream Director Integrated Commissioning: Children, Young People, Maternity and Families NHS North East London | London Borough of Hackney | City of London Part of North East London Health and Care Partnership_ **12** **Interlink offers community charities the opportunity to participate in partnership bids for public sector contracts and large grant funding opportunities, enabling them to partner with other community organisations and access new sources of funding for their work.** **We run partnerships across a range of themes, including mental health, youth work and poverty relief.** **----- Start of picture text -----**
Provide leadership to Over the year, Interlink
5 consortia tenders or led 5 project consortia,
projects. with a value over the
year of £537,768 and
services delivered by 30
community organisations.
Generate £400,000 for Consortium contracts
members through generated £537,768
participation for 30 community
in consortium tenders. charities, delivering a
range of youth, holiday
activities, food aid,
physical activities and
mental health provision
to children, young people
and people of all ages,
across England.
**----- End of picture text -----**
**13** **Interlink is the backbone of our organisation… We greatly appreciate the consortium with Young Hackney.** _Mrs H Israel Director, S Pinter Youth Project_ **14** **Interlink's team actively participate in public and voluntary sector networks, and are often the sole Charedi voice at public forums. Sharing intelligence and information, Interlink serves as the interface between external agencies and the community.** **The Interlink Foundation has played a pivotal role in the Stamford Hill Area Action Plan (AAP) by engaging with and representing the Orthodox Jewish community. It ensured that the needs for larger homes and more school places were considered in the development of the plan.** Work with local/central government on 10 issues of importance to the Orthodox Jewish community, including health, education, safeguarding, welfare and SEND. **15** cd( Inleth* I rw( IniefFrt( I ,,rW* Inlefw I Iniedil( e(W IftsfW( le(W Inier ef rterW( In efl(4 1 irte(W Inled(l( I InlerW( Inlefw ￿er￿{ K InlefW( Intef K lrterld( Inle( rk Ifiter ,nk Inier K InierW( Inier I"gl Inie(hrt( IntefW( I Id( Inie(W Inle(W( I krt( lrterld( Inie(Frt( I IniertrA* Inief rtd( ￿e(1th Inle( .'rW( Inle(W( l(*ediX >rld( Inietw .e(lrt( Inied (W( In Inietw I 16 Inierfrf* I rlth InieMI( **Working at neighborhood level across communities, Interlink spearheads partnerships where residents and community leaders collaborate regardless of their faith or background to improve conditions in their neighborhoods.** **Interlink has hosted meetings of the Stamford Hill Jewish Christian Forum for leaders of the Christian and Jewish communities, and maintains longstanding working relationships with local Muslim communities.** Work across communities and faiths to achieve common objectives and foster good relations. **17** **Interlink raises awareness about the Charedi community through: • Cultural awareness trainings, developing cultural competence for public sector agencies across all levels of government;** - **Hosting community tours and walkabouts presenting the community's way of life and its incredible voluntary sector;** - **Data collection and publication of reports about the community.** **Interlink manages and hosts strategy groups, bringing together public sector officials with Jewish community organisations. Strategy groups meet regularly and provide a space where information can be exchanged, problems raised, and solutions explored.** Engage with public sector organisations and leaders through community visits, strategy groups and meetings. **18** With Councillor **Guy Nicholson** , Hackney Deputy Mayor (May 2022) With DfE Civil Servants **James Vance** and **Saun Hildritch** (July 2022) With Hackney Deputy Lieutenant (November 2022) **----- Start of picture text -----**
With Councillor Barbara Blake
(June 2022)
**----- End of picture text -----**
With Hackney Director of Education **Paul Senior** (March 2023) **19** **The Pinter Trust stands as a steadfast and reliable partner, offering a credible voice for the Charedi community. Their unwavering commitment and fantastic contributions make them an invaluable asset.** _Andrew Gilbert, co-chair of London Jewish Forum (LJF)_ **20** **The Pinter Trust exists to provide an accurate and honest portrayal of the Charedi community and its way of life to the wider public. The Pinter Trust’s work involves:** - **Giving a greater understanding of the Charedi community;** - **Showcasing some of its communal organisations;** - **Working alongside the media, local and central governments to build constructive partnerships;** - **Telling the community's story in our own words across traditional and social media channels; preventing the spread of misinformation and defamation.** Roll out Charedi strategic communications work Strategic communications work will improve external relationships and understanding about the Charedi community. Policy and campaign work leads to improved access to services and resources and better policy for Interlink’s members. **21** Thinking Biggec afg 2023-2 Engage with 200 community organisations. Provide development support to 120 organisationsondtroiningto150organisations. Provide leadership to 3 consortia tenders or projects. Work with local/central government on 12 issues of importance to the Orthodox Jewish community. includins health. education. safeguardins. welfare and SEND. Engage with public sector organisations and leaders through community visits, stratesy groups and meetinss. Work across communities and faiths to achieve common objectives and foster good relations. zoz 2oza Outcome Tafgets 2023-24 Generate ot least £1 million for community organisations ond services. Help 70 community organisations/charities raise their professional standards and/or develop new services. Generate £400.000 for membersthrough participation in consortium tenders. Improve external relationships and understanding about the Charedi community throu9h communications work. Improve access to services and resources, as well as better policy for Interlink's members, as a result of legal and campaign work. 22 ## **HISTORY** The Interlink Foundation was initially founded as a charitable trust in 1993 to provide capacity building support to Orthodox Jewish community organisations. As services were developed and the charity was called upon to provide a voice for and leadership to the charities it served, trustees resolved to change to a membership structure. In 2000, a new charitable company - The Interlink Foundation - was established. ## **OUR LEGAL STRUCTURE** Interlink is a registered charity and a company limited by guarantee. We are a membership organisation, with full membership open to Orthodox Jewish organisations that meet the criteria, and associate membership open to any organisation or individual that supports our goals and activities. Full members have the right to vote at general meetings and to nominate members for election to the board of trustees. ## **ROLE OF OUR BOARD** Our Board of Trustees (the Board) has collective responsibility for everything we do, including legal responsibility to ensure that Interlink is properly controlled and managed. In carrying out their collective responsibility, our trustees: - Pursue our charitable objectives and use their powers in accordance with Interlink Foundation’s Memorandum and Articles of Association, other legal requirements, and the principles of good governance. - Act in the best interest of the organisations and its charitable objectives. - Ensure that there are suitable financial controls and management, and that we are and will remain solvent. - Agree Interlink’s strategic plans and budgets, and monitor and evaluate our progress against planned objectives and financial targets. The Board meets regularly so that it can fulfil its role effectively. The Board delegates responsibility for operational management to the chief executive who leads the Interlink employees (‘the team’). Most of the organisation’s plans, policies and processes are developed by the chief executive along with relevant team members, with the Board’s advice and approval. ## **COMPOSITION OF THE BOARD** Trustees are elected by Interlink’s membership, with elections held each year by postal ballot prior to the Annual General Meeting. One third of the trustees retire and elections are held for the vacant places on the Board. Induction and training are provided for new trustees. None of the trustees is paid for services provided to the Charity. Trustees may be paid for expenses relating their governance role at Interlink. Expenses paid in any year to any individual trustee have not exceeded £250. The composition of the Board during 2021/22 was as follows: **Trustee Nominating Organisation** Mr J M Grosskopf (Chair) Ezra Umarpeh Rabbi J Baumgarten (Treasurer) Machzikei Hadass Mr A Schechter Beis Chinuch Lebonos Girls’ School Mr M Posen Agudas Israel Community Services Mr N M Halpern Interlink Northwest of England Mrs S Schmerler Misgav **23** ## **FOR THE YEAR ENDED 31 MARCH 2023** The economic environment is challenging and the voluntary sector and particularly second-tier organisations have been hit hard. The year saw a reduction in Interlink’s income, which decreased to £916,717 (2022 £1,029,553). Expenditure for the year was £987,609 (2022 £1,124,061), resulting in a deficit of £70,892. Interlink continued to attract healthy levels of funding for partnerships and consortia, which increased over the year to £537,768 (2022 £521,451). Beyond these differences, Interlink has mostly retained its activities at previous level despite decreased funding, which resulted in the deficit. Whilst the trustees anticipate further austerity in 2023-2024, they are also hopeful about turning the corner. The charity is grateful to have been awarded 10-year funding which will cover a substantial part of core running costs and will give the charity the space to focus on furthering its sustainability related goals which include: ensuring all of Interlink’s projects have appropriate income streams, while building trading and improving margins on training and consultancy services. ## **RESERVES POLICY** The trustees aim to hold free realisable reserves equal to at least 3 months, but no more than 12 months, running costs, in order to protect services when there are uncertainties as to whether funding will continue and to ensure adequate cashflow for the organisation’s needs. As at 31 March 2023, the organisation’s reserves (net current unrestricted assets) available for ongoing core activities was £325,765 which equal to 6.9 months core running costs. The trustees are satisfied that this is consistent with the reserves policy. The charity has improved its debtor-management mechanisms over the last year, however there are still some challenges with committed funding income that is paid in arrears. Delays in drawing these funds may cause cash levels to dip, and the trustees continue to aim for further improvement. ## **RISK MANAGEMENT** The charity produces a risk register that sets out the operational and strategic risks to which the charity is exposed, and how these risks are managed and controlled. There is a process for internal audit which provides checks that controls are working effectively and that risk is managed in a proportionate way. Internal audit arrives at ratings for each area of risk management and identifies actions for improvement where appropriate. ## **PUBLIC BENEFIT** In planning activities for the year, the trustees took due heed of the Charity Commission’s guidance on the requirement to provide public benefit, as well as the requirements of the Equalities Act 2010. Trustees and staff undergo periodic training in both these areas. The trustees are confident that the focus on the Orthodox Jewish community complies with all relevant legislation and guidance. Additionally, much of the organisation’s work is for the wider benefit, for example the inter-faith work and cross-community voluntary sector partnership work. Some of the charity’s work is considered exemplary, and influences services to the wider public and other communities. ## **RESPONSIBILITIES OF THE TRUSTEES** The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting **24** **FOR THE YEAR ENDED 31 MARCH 2023** ## **RESPONSIBILITIES OF THE TRUSTEES (continued)** Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; Companies Act 2006. Each of the persons who is a trustee at the date of approval of this report confirms that: - so far as each trustee is aware, there is no relevant audit information of which the charity's auditor is unaware; and - each trustee has taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. ## **SMALL COMPANY PROVISIONS** - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. By order of the board J Baumgarten Governor 21 December 2023 ## **AUDITOR** Cohen Arnold are deemed to be re-appointed under section 487(2) of the **25** **FOR THE YEAR ENDED 31 MARCH 2023** ## **OPINION** We have audited the financial statements of The Interlink Foundation (the 'charity') for the year ended 31 March 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable to law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom - Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the - Companies Act 2006. the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **CONCLUSIONS RELATING TO GOING CONCERN** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **OTHER INFORMATION** ## **BASIS FOR OPINION** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. **26** **FOR THE YEAR ENDED 31 MARCH 2023** ## **OTHER INFORMATION (continued)** material misstatements in the trustees' report. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting - records and returns; or - certain disclosures of trustees' remuneration specified by - law are not made; or ## **OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006** In our opinion the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements and the trustees' report has been prepared in accordance with applicable legal requirements. - we have not received all the information and explanations we - require for our audit; and - the trustees were not entitled to prepare the financial statements - in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Trustees' Annual Report and take advantage of the small companies exemption from the requirement to prepare a strategic report. ## **MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION** In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified ## **RESPONSIBILITIES OF TRUSTEES** As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees **27** **FOR THE YEAR ENDED 31 MARCH 2023** ## **RESPONSIBILITIES OF TRUSTEES (continued)** determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements. We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with the laws and regulations. ## **AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks. We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation phases stages of our audit. The susceptibility to such material misstatement was determined to be low. Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial - statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not **28** ## **FOR THE YEAR ENDED 31 MARCH 2023** ## **AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS (continued)** detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. ## **USE OF OUR REPORT** - Obtain an understanding of internal control relevant to the audit in order to - design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the - reasonableness of accounting estimates and related disclosures made by the trustees. This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. **•** Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern. **•** Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. DAVID GOLDBERG (Senior Statutory Auditor) For and on behalf of: COHEN ARNOLD Chartered Accountants' statutory auditor New Burlington House 1075 Finchley Road, London NW11 0PU 21 December 2023 **29** **FOR THE YEAR ENDED 31 MARCH 2023** **(incorporating an income and expenditure account)** |**Note**
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**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**Total funds**
**2022**
**£**| |---|---| ||| |**INCOME FROM**
**Donations and legacies**
**Charitable activities**
Support to organisations
Policy & public sector partnership
Funding partnerships and consortia
**Other**
**Investments**
**Total income**
**EXPENDITURE ON**
**Raising funds**
**Charitable activities**
Support to organisations
Policy & public sector partnership
Funding partnerships and consortia
**Total expenditure**
**Net income before transfer**
**Transfer between funds**
**Net income for year**
**Reconciliation of funds**
**Total funds brought forward**
**Total funds carried forward**
2
3
3
3
4
5
6
6
6
6|111,933
81,316
3,661
104,120
19,004
252
-
58,125
104,658
433,648
-
-
**111,933**
**139,441**
**108,319**
**537,768**
**19,004**
**252**
104,501
101,052
11,866
100,770
69,753
236
-
60,000
163,914
417,461
-
-
104,501
161,052
175,780
518,231
69,753
236| ||320,286
596,431
**916,717**
388,178
641,375
1,029,553| ||7,572
154,391
158,539
70,675
-
58,125
104,658
433,648
**7,572**
**212,516**
**263,197**
**504,323**
3,221
179,459
161,166
99,435
-
60,000
203,320
417,461
3,221
239,459
364,486
516,896| ||391,178
596,431
**987,609**
443,280
680,781
1,124,061| ||(70,892)
(70,892)
-
-
**(70,892)**
**(70,892)**
(55,102)
(55,102)
(39,406)
(39,406)
(94,508)
(94,508)| ||414,448
343,556
-
-
**414,448**
**343,556**
469,550
414,448
39,406
-
508,956
414,448| All the above results are derived from continuing activities. There were no other recognised gains of losses other than those stated above. Movement in funds are disclosed in Note 15 to the financial statements. **30** The notes on pages 33 to 43 form part of these financial statements. **AS AT 31 MARCH 2023** |**Note**|**2023**
**£**
**2023**
**£**
**2022**
**£**
**2022**
**£**| |---|---| ||| |**FIXED ASSETS**
Tangible assets
**CURRENT ASSETS**
Debtors
Cash in bank and at hand
**LIABILITIES**
Creditors: amounts falling due
within one year
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**FUNDS**
Restricted income funds
Unrestricted income funds
**Total charity funds**
10
11
12
13
14|**17,791**
6,489| ||**231,640**
**191,269**
354,959
103,698| ||**422,909**
458,657| ||**97,144**
50,698| ||**325,765**
407,959| ||**343,556**
**343,556**
414,448
414,448| ||**-**
**343,556**
-
414,448| ||**343,556**
414,448| These financial statements were approved by the members of the committee on 21 December 2023 and are signed on their behalf by: J Baumgarten JM Grosskopf Governor Governor The notes on pages 33 to 43 form part of these financial statements. **31** **FOR THE YEAR ENDED 31 MARCH 2023** |**FOR THE YEAR ENDED 31 MARCH 2023**|| |---|---| ||**2023**
**£**
**2022**
**£**| ||| |**CASH FLOWS FROM OPERATING ACTIVITIES**
Net income
Adjustments for:
Bank interest receivable
Depreciation
Gain on Disposal of Fixed Assets
Changes in:
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest received
Net cash from operating activities
**CASH FLOWS FROM INVESTING ACTIVITIES**
Purchase of fxed assets
Proceeds from sale of tangible assets
Net cash from investing activities
**NET INCREASE IN CASH AND CASH EQUIVALENTS**
**CASH AND CASH EQUIVALENTS AT BEGINNING**
**OF YEAR**
**CASH AND CASH EQUIVALENTS AT END OF YEAR**|**(70,892)**
(94,508)| ||**(252)**
**9,650**
-
(236)
5,226
(29,951)| ||**123,319**
**46,446**
(32,662)
(9,350)| ||**108,271**
(161,481)| ||**252**
**108,523**
**(20,952)**
-
236
(161,245)
(2,855)
83,000| ||**(20,952)**
80,145| ||**87,571**
(81,110)| ||**103,698**
187,798| ||**191,269**
103,698| **32** **FOR THE YEAR ENDED 31 MARCH 2023** ## **1. ACCOUNTING POLICIES** ## GENERAL INFORMATION The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 4th Floor Offices, 97 Stamford Hill, London, N16 5DN. ## 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 Companies Act 2006. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. ## INTEREST RECEIVABLE Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank. ## FUND ACCOUNTING ## 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, rounded to the nearest whole pound which is the functional currency of the entity. ## GOING CONCERN The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. ## EXPENDITURE Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. ## Expenditure is classified under the following activity headings: ## INCOME Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. - Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose - Expenditure on charitable activities includes the costs of activities and services undertaken to further the purposes of the charity and their associated support **33** ## **FOR THE YEAR ENDED 31 MARCH 2023** ## costs • Other expenditure represents those items not falling into any other heading ## ALLOCATION OF SUPPORT COSTS Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function (support costs), is apportioned on the following basis which are an estimate, based on the use by each activity of staff time or other overhead costs, of the amount attributable to each activity. ## FIXED ASSETS All fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. ## 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 and furniture - some at straight line over 3 years and some over 5 years. ## DEBTORS Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities. A detailed breakdown of support costs and their allocation to each activity is provided in Note 6. ## OPERATING LEASES Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## CASH AT BANK AND IN HAND Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users. ## CREDITORS AND PROVISIONS Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## FINANCIAL INSTRUMENTS The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Rental charges are charged on a straight line basis over the term of the lease. **34** **FOR THE YEAR ENDED 31 MARCH 2023** ## **2. INCOME FROM DONATIONS AND LEGACIES** |**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**2023**
**£**
**2022**
**£**|**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**2023**
**£**
**2022**
**£**| |---|---| ||| |Shoresh Charitable Trust
Aberdeen Foundation
Other donations
CST
-
36,000
27,261
48,672
111,933
-
-
-
-
-
-
**36,000**
**27,261**
**48,672**
**111,933**
4,983
25,000
44,706
29,812
104,501
**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**3. INCOME FROM CHARITABLE ACTIVITIES**
**2023**
**£**
**2022**
**£**
**SUPPORT TO ORGANISATIONS**|-
36,000
27,261
48,672
-
-
-
-
-
**36,000**
**27,261**
**48,672**
4,983
25,000
44,706
29,812| ||111,933
-
**111,933**
104,501| ||| |Awards for All
City Bridge Trust
Membership fees
Education and training
Consultancy
Fees for policies|-
-
8,488
14,255
52,866
5,707
-
58,125
-
-
-
-
-
**58,125**
**8,488**
**14,255**
**52,866**
**5,707**
10,000
50,000
9,024
24,166
65,772
2,090| ||81,316
58,125
**139,441**
161,052| **35** **FOR THE YEAR ENDED 31 MARCH 2023** |**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**2023**
**£**
**2022**
**£**
**POLICY & PUBLIC SECTOR PARTNERSHIP**|**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**2023**
**£**
**2022**
**£**
**POLICY & PUBLIC SECTOR PARTNERSHIP**| |---|---| ||| |Delapage Ltd
LB Hackney
LB Hackney (WAMHS & Mental Health Network)
LB Hackney (Headmaster's Forum)
LB Barnet
Trust for London
NHS NE London CCG
Education & Training
-
-
-
-
-
-
-
3,661
3,661
40,000
35,000
9,558
-
-
20,100
-
-
104,658
**40,000**
**35,000**
**9,558**
-
-
**20,100**
**3,661**
**108,319**
50,000
35,000
38,800
5,000
10,000
15,000
10,114
11,866
175,780
**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**2023**
**£**
**2022**
**£**
**FUNDING PARTNERSHIPS & CONSORTIA**|-
-
-
-
-
-
-
3,661
40,000
35,000
9,558
-
-
20,100
-
-
**40,000**
**35,000**
**9,558**
-
-
**20,100**
**3,661**
50,000
35,000
38,800
5,000
10,000
15,000
10,114
11,866| ||3,661
104,658
**108,319**
175,780| ||| |Comic Relief - Changing Minds
LB Hackney - Young Hackney
LB Hackney/Haringey/Barnet - HAF Programme
National Lottery - Reaching Communities
Sport England - Active Ageing
Sport England - Together Fund
Reimbursement of expenses|-
100,000
-
-
-
-
4,120
82,903
-
140,360
58,753
-
151,632
-
**82,903**
**100,000**
**140,360**
**58,753**
-
**151,632**
**4,120**
130,084
100,000
172,759
-
114,618
-
770| ||104,120
433,648
**537,768**
518,231| **36** **FOR THE YEAR ENDED 31 MARCH 2023** ## **4. OTHER** |**4. OTHER**|**4. OTHER**| |---|---| |**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**2023**
**£**
**2022**
**£**|| ||| |Job Retention Scheme
Net proceeds from Community Building
Rent and service charge income
-
-
19,004
19,004
-
-
-
-
-
-
**19,004**
**19,004**
2,833
30,000
36,920
69,753
**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**5. INCOME FROM INVESTMENTS**
**2023**
**£**
**2022**
**£**|| ||| |Bank interest
252
-
**252**
236|| **37** **FOR THE YEAR ENDED 31 MARCH 2023** |**6. ANALYSIS OF EXPENDITURE**|**Raising**
**funds**
**£**
**Support to**
**organisations**
**£**
**Policy &**
**public sector**
**partnerships**
**£**
**Funding**
**partnerships**
**& consortia**
**£**
**Governance**
**costs**
**£**
**Support**
**costs**
**£**
**2023**
**£**
**2022**
**£**| |---|---| ||| |Stafng costs
Premises costs
Ofce running costs
Staf development & training
Publicity
Training and events
Legal & professional fees
Accountancy & audit fees
Project costs
Other expenses
Capital depreciation
Subcontracted services
**Total expenditure**
**Direct expenditure**|6,765
497
311
-
-
-
-
-
-
-
-
-
111,676
14,904
9,005
873
6,828
7,281
2,077
-
-
1,256
-
-
154,325
16,892
8,695
851
1,636
7,099
15,338
-
-
1,213
-
-
32,579
6,459
4,658
458
881
3,822
1,076
-
-
650
-
422,967
-
-
-
-
-
-
-
9,600
-
-
-
-
72,010
40,406
8,384
-
-
-
5,276
-
-
1,213
9,650
-
**377,355**
**79,157**
**31,052**
**2,183**
**9,344**
**18,202**
**23,767**
**9,600**
-
**4,331**
**9,650**
**422,967**
387,986
99,684
36,126
5,177
15,246
26,442
77,109
8,400
24,800
6,611
5,226
431,254| ||7,572
153,901
206,047
473,550
9,600
136,939
**987,609**
1,124,061| **38** **FOR THE YEAR ENDED 31 MARCH 2023** |**6. ANALYSIS OF EXPENDITURE**
**continued**|**Raising**
**funds**
**£**
**Support to**
**organisations**
**£**
**Policy &**
**public sector**
**partnerships**
**£**
**Funding**
**partnerships**
**& consortia**
**£**
**Governance**
**costs**
**£**
**Support**
**costs**
**£**
**2023**
**£**
**2022**
**£**| |---|---| ||| |**Support costs**
Stafng costs
Premises costs
Ofce costs
Legal & professional
Other costs
Depreciation
**Governance costs**
**Total support & governance costs**
**Total expenditure 2023**
(including support costs)
**Total expenditure 2022**|-
-
-
-
-
-
-
28,084
16,162
3,354
2,111
485
3,860
3,840
28,084
15,758
3,270
2,058
473
3,764
3,744
15,122
8,485
1,761
1,108
255
2,027
2,016
-
-
-
-
-
-
(9,600)
(72,010)
(40,406)
(8,384)
(5,276)
(1,213)
(9,650)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-| ||-
58,616
57,150
30,773
-
-
**146,539**
-| ||7,572
212,516
263,197
504,323
-
-
**987,609**
-| ||-
-
-
-
-
-
-
1,124,061| ## **7. NET INCOME FOR THE YEAR** |**2023**|**2022**| |---|---| |**£**|**£**| ## **This is stated after charging:** |Depreciation|**9,650**|5,226| |---|---|---| |Auditors’ remuneration (excluding VAT)|**8,000**|7,000| |Operating lease rental on building|**43,750**|43,750| **39** **FOR THE YEAR ENDED 31 MARCH 2023** ## **8. ANALYSIS OF STAFF COSTS, STAFF NUMBERS, TRUSTEES REMUNERATION & EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL** ||**2023**
**£**
**2022**
**£**| |---|---| ||| |**Total staf costs were as follows:**
Salaries & wages
NI (er)
Pension (er)
**Staf numbers**|**206,985**
**13,249**
**1,997**
278,102
19,418
2,387| ||**222,231**
299,907| ||**2023**
**no.**
**2022**
**no.**| ||| |The average number of employees during the year were as follows:
(head count based on number of staf employed)
Full time staf
Part time staf
**Total number of staf**|**2**
**12**
**14**
2
20
22| No employee received remuneration of more than £60,000 during the year (2022 - £nil). The total employee benefits (including pension contributions and employer’s national insurance) of the key management personnel were £45,100 (2022 - £22,500). The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2022 - £nil). No charity trustee received payment for professional or other services supplied to the charity (2022 - £nil). None of the trustees were reimbursed for any expenses during the year (2022 - £nil). **40** **FOR THE YEAR ENDED 31 MARCH 2023** ## **9. RELATED PARTY TRANSACTIONS** There are no related party transactions to disclose for 2023 (2022 - £nil). ## **10. TAXATION** The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. |**Equipment**
**& furniture**
**£**
**11. TANGIBLE FIXED ASSETS**|**Equipment**
**& furniture**
**£**
**11. TANGIBLE FIXED ASSETS**| |---|---| ||| |**COST**
At 1 April 2022
Additions
**At 31 March 2023**
**DEPRECIATION**
At 1 April 2022
Charge for the year
**At 31 March 2023**
**NET BOOK VALUE**
**At 31 March 2023**
At 31 March 2022|113,193
20,952
**134,145**| ||106,704
9,650
**116,354**| ||**17,791**
6,489| All of the above assets are used for charitable purposes. ## **12. DEBTORS** |**12. DEBTORS**|| |---|---| ||**2023**
**£**
**2022**
**£**| ||| |Fees or grants receivable
Prepayments
Accrued income|**66,101**
**26,638**
**138,901**
98,116
-
256,843| ||**231,640**
354,959| Fees and grants receivable includes sums due for the year and invoiced for but not yet received. Small debtors for consultancy and training services are also included in this amount. Accrued income includes monies, mostly grants, due for activity during the year, and not yet paid. The main accrual in this category is for funding commitments for Chinuch UK and an amount committed by Hackney Council for safeguarding work. ## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||**2023**
**£**
**2022**
**£**| |---|---| ||| |Deferred income
Accruals
Accounts payable
Payroll liabilities|**77,976**
**8,400**
**8,769**
**1,999**
2,763
9,880
35,735
2,347| ||**97,144**
50,698| **41** **FOR THE YEAR ENDED 31 MARCH 2023** |**14a. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**(current year)**|**General**
**unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**Total**
**funds**
**£**|**General**
**unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**Total**
**funds**
**£**| |---|---|---| |||| |**14b. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**(prior year)**
Tangible fxed assets
Current assets
Current liabilities
**Net assets at 31 March 2023**|**General**
**unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**Total**
**funds**
**£**
17,791
422,909
(97,144)
**343,556**
-
-
-
-
17,791
422,909
(97,144)
**343,556**|| |||| |Tangible fxed assets
Current assets
Current liabilities
**Net assets at 31 March 2022**
**15a. MOVEMENT IN FUNDS (current year)**|6,489
458,657
(50,698)
414,448
-
-
-
-
6,489
458,657
(50,698)
414,448
**At 1 April**
**2022**
**£**
**Income**
**£**
**Expenditure**
**£**
**Transfers**
**£**
**At 31 March**
**2023**
**£**|| |||| |Restricted funds
Unrestricted funds
**Total funds**|-
414,448
414,448
596,431
320,286
916,717
(596,431)
(391,178)
(987,609)
-
-
-
-
**343,556**
**343,556**|| **42** **FOR THE YEAR ENDED 31 MARCH 2023** ## **15b. MOVEMENT IN FUNDS (prior year)** ||**At 1 April**
**2021**
**£**
**Income**
**£**
**Expenditure**
**£**|**Transfers**
**£**
**At 31 March**
**2022**
**£**| |---|---|---| |||| |Restricted funds
Unrestricted funds
**Total funds**
**16. OPERATING LEASE COMMITMENTS**
The total future minimum lease payments under
non-cancellable operating leases are as follows:|39,406
469,550
641,375
388,178
(680,781)
(443,280)|-
-
-
414,448| ||508,956
1,029,553
(1,124,061)|-
414,448| |||**2023**
**£**
**2022**
**£**| |||| |No later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years||**43,750**
**109,402**
-
43,750
153,152
-| |||**153,152**
196,902| ## **17. LEGAL STATUS OF THE CHARITY** The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. **43** ## **CHARITY DETAILS** Registered Charity Name The Interlink Foundation Charity Registration Number 1079311 Company Registration Number 3852756 Country of Registration England & Wales Country of Incorporation UK Registered Office and operational address Fourth Floor Offices 97 Stamford Hill, London N16 5DN ## **TRUSTEES** who are also directors under company law, who served during the year and up to the date of this report, were as follows: Mr J M Grosskopf (Chair) Mr A Schechter Rabbi J Baumgarten (Treasurer) Mrs S Schmerler Mr M Posen Mr NM Halpern ## **LONDON OFFICE** Fourth Floor Offices 97 Stamford Hill, London N16 5DN Tel: 020 8802 2469 Email: admin@interlink-foundation.org.uk ## **PROFESSIONAL ADVISORS** ## **Auditors** D Goldberg, FCA DChA Cohen Arnold New Burlington House 1075 Finchley Road London NW11 0PU **Solicitors** Womble Bond Dickinson LLP 4 More London Riverside London SE1 2AU Rook Irwin Sweeney 107-111 Fleet Street London EC4A 2AB **Bankers** Barclays Commercial Bank PO Box 9359 Leicester LE87 2AE **44**