| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe company, | its Trustees and advisers | ||
| Trustees' report | 2-7 | |||
| Independent | auditors' report |
on the financial statements | 8-11 | |
| Consolidated | statement offinancial activities |
12 | ||
| Consolidated | balance sheet | 13 | ||
| Company balance sheet |
14 | |||
| Consolidated | statement ofcash flows | 15 | ||
| Notes to the | financial statements | 16-34 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| Note | 2022 6 |
2022f | 2022 | 2021 | ||
| Income from: | ||||||
| Donations and legacies |
874,659 | 191,978 | 1,066,637 | 1,221,591 | ||
| Charitable activities |
18,292 | 18,292 | 8,057 | |||
| Other trading activities |
321,443 | 321,443 | 304,168 | |||
| Investments | (67,945) | (67,945) | 70,260 | |||
| Total income | 1,146,449 | 191,978 | 1,338,427 | 1,604,076 | ||
| Expenditure on: |
||||||
| Raising funds | 340,358 | 340,358 | 365,794 | |||
| Charitable activities |
7 | 523,201 | 636,000 | 1,159,201 | 1,091,813 | |
| Total expenditure | 863,559 | 636,000 | 1,499,559 | 1,457,607 | ||
| Net income/(expenditure) | 282,890 | (444,022) | (161,132) | 146,469 | ||
| Transfers between |
funds | 16 | (446,477) | 446,477 | ||
| Net movement in funds |
(163,587) | 2,455 | (161,132) | 146,469 | ||
| Reconciliation offunds: | ||||||
| Total funds brought | forward | 3,990,736 | 4,255,946 | 8,246,682 | 8,100,213 | |
| Net movement in funds |
(163,587) | 2,455 | (161,132) | 146,469 | ||
| Total funds carried | forward | 3,827,149 | 4,258,401 | 8,085,550 | 8,246,682 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 6 | ||||||
| Cash flows from operating | activities | |||||
| Net cash used in operating |
activities | 76224 | 305618 | |||
| Cash flows from investing | activities | |||||
| Proceeds from the sale of investments | 283,859 | |||||
| Purchase oftangible fixed assets |
(326,117) | (44,448) | ||||
| Purchase of investments | (232,861) | |||||
| Net cash used in investing | activities | (42,258) | (277,309) | |||
| Cash flows from financing | activities | |||||
| Net cash provided by financing activities |
||||||
| Change in cash and cash | equivalents | in | the year | 33,966 | 28,309 | |
| Cash and cash equivalents | at the beginning | ofthe year | 540,594 | 512,285 | ||
| Cash and cash equivalents | at the end | of | the year | 574,560 | 540,594 | |
| The notes on pages 16to 34 form part ofthese financial | statements |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| 6 | K | ||
| Donations | 874,659 | 191,978 | 1,066,637 |
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021f | |
| Donations | 986,106 | 235,485 | 1,221,591 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 6 |
2022f | ||||
| Income | from | product | sales | 18,292 | 18,292 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2021 | ||||
| Income | from | charitable | activities | 8,057 | 8,057 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| E | |||
| Rent | receivable | 300,922 | 300,922 |
| Other | income | 20,521 | 20,521 |
| Total | 2022 | 321,443 | 321,443 |
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021 | ||
| 9 | |||
| Rent | receivable | 289,978 | 289,978 |
| Other | income | 14,190 | 14,190 |
| 304,168 | 304,168 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022f | 2022f | ||
| Profit/(loss) | on disposal of investments | (67,945) | (67,945) |
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021 | ||
| Investment | income | 24 | 24 |
| Profit/(loss) | on disposal of investments | 70,236 | 70,236 |
| 70,260 | 70,260 |
| Grants to | Total | ||||
|---|---|---|---|---|---|
| Institutions | funds | ||||
| 2022f | 2022 8 |
||||
| Grants | for | charitable | purposes | 847,500 | 847,500 |
| Grants to | Total | ||||
| Institutions | funds | ||||
| 2021f | 2021 5 |
||||
| Grants | for | charitable | purposes | 775,500 | 775,500 |
| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | Total | ||||
| 2022 8 |
2022f | 2022 8 |
||||
| Direct | costs | - Charitable | activities | 523,201 | 636,000 | 1,159,201 |
| Unrestricted | Restricted | |||||
| funds | funds | Total | ||||
| 2021 | 2021 | 2021 | ||||
| 8 | ||||||
| Direct | costs | - Charitable | activities | 646,813 | 445,000 | 1,091,813 |
| Activities | Grant | Grant | |||||
|---|---|---|---|---|---|---|---|
| undertaken directly |
funding of activities |
Support costs |
Total funds |
||||
| 2022 | 2022 | 2022 | 2022 | ||||
| E | K | ||||||
| Direct costs - Charitable | activities | 211,484 | 847,500 | 100217 | 1 159201 | ||
| Activities | Grant | ||||||
| undertaken | funding | of | Support | Total | |||
| directly | activities | costs | funds | ||||
| 2021 | 2021 | 2021 | 2021 | ||||
| 8 | 6 | ||||||
| Direct costs - Charitable | activities | 183,141 | 775,500 | 133,172 | 1,091,813 | ||
| Analysis ofdirect costs | |||||||
| Total | Total | ||||||
| funds | funds | ||||||
| 2022 | 2021 | ||||||
| 8 | |||||||
| Product purchases | 3,174 | 4,844 | |||||
| Printing, postage and |
mailing costs | 20,051 | 30,532 | ||||
| Conference expenses | 12,765 | ||||||
| Media expenditure | 71,653 | 60,046 | |||||
| Travel and accommodation | 249 | '/43 | |||||
| Legal and consultancy | fees | 74,014 | 76,699 | ||||
| Trustee expenses | 29,548 | 10,846 | |||||
| Other charitable expenses | 30 | 31 | |||||
| Total 2022 | 211,484 | 183,141 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| 8 | |||
| Staff costs | 48,540 | 44,031 | |
| Rent, rates, | water and insurance | 5,344 | 5,056 |
| Warehouse | expenses and repairs | 4,404 | 818 |
| Telephone, | light and heat | 3,361 | 3,112 |
| Printing, postage and stationery |
5,523 | 4,994 | |
| Computer expenses | 7,664 | 46,607 | |
| Bank charges | 10,516 | 13,276 | |
| Governance | costs | 14,865 | 15,278 |
| Total 2022 | 100,217 | 133,172 |
| Audit | ors' remuneration |
|||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 8 | ||||
| Fees | payable to the company's | auditor for the audit ofthe company's | ||
| annual | accounts | 8,100 | 7,800 |
| Freehold | Plant and | Fixtures and | ||
|---|---|---|---|---|
| property | machinery | fittings | Total | |
| 8 | 6 | K | ||
| Cost or valuation | ||||
| At 1 January 2022 | 7,819,149 | 8,206 | 57,918 | 7,885,273 |
| Additions | 326,117 | 326,117 | ||
| At 31 December 2022 | 8,145,266 | 8,206 | 57,918 | 8,211,390 |
| Depreciation | ||||
| At 1 January 2022 | 572,877 | 6,737 | 10,897 | 590,511 |
| Charge for the year | 174,112 | 441 | 2,159 | 176,712 |
| At 31 December 2022 | 746,989 | 7,178 | 13,056 | 767,223 |
| Net book value | ||||
| At 31 December 2022 | 7,398,277 | 1,028 | 44,862 | 7,444,167 |
| At 31December 2021 | 7,245,272 | 1,459 | 47,021 | 7,294,762 |
| Freehold | Plant and | Fixtures and | ||
|---|---|---|---|---|
| property 5 |
machinery 5 |
fittings 6 |
Total | |
| Cost or valuation | ||||
| At 1 January 2022 | 260,000 | 8,206 | 7,826 | 276,032 |
| At 31 December 2022 | 260,000 | 8,206 | 7,826 | 276,032 |
| Depreciation | ||||
| At 1 January 2022 | 10,400 | 5,737 | 7,583 | 24,720 |
| Charge for the year | 5,200 | 441 | 73 | 5,714 |
| At 31 December 2022 | 15,600 | 7,178 | 7,656 | 30,434 |
| Net book value | ||||
| At 31 December 2022 | 244,400 | 1,028 | 170 | 245,598 |
| At 31December 2021 | 249,600 | 1,469 | 243 | 251,312 |
| Fixed asset investments | ||||
| Unlisted | ||||
| investments | ||||
| Group | 6 | |||
| Cost or valuation | ||||
| At 1 January 2022 | 390,652 | |||
| Disposals | (283,859) | |||
| Revaluations | (67,958) | |||
| At 31 December 2022 | 38,835 | |||
| Net book value | ||||
| ~t 31-December 2022 | 38-,835 | |||
| At 31December 2021 | 390,652 |
| Investments | |
|---|---|
| in | |
| subsidiary | |
| companies | |
| company | 6 |
| Cost or valuation | |
| At 1 January 2022 | |
| At 31 December 2022 |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| 6 | 5 | 6 | 5 | ||
| Amounts owed by group undertakings |
7,979,893 | 7,900,166 | |||
| 7,979,893 | 7,900,166 | ||||
| Due within one year | |||||
| Trade debtors | 6,522 | 2,271 | 4,706 | ||
| Other debtors | 15,399 | ||||
| Prepaymenis | and accrued income | 19,628 | 21,129 | 16,250 | 16,251 |
| Tax recoverable | 18,786 | 37,245 | 18,'786 | 37,245 | |
| 60,335 | 50,645 | 8,019,635 | 7,953,662 |
| Group | Group | Company | Company | |||
|---|---|---|---|---|---|---|
| 2022f | 2021f | 2022f | 2021f | |||
| Other taxation | and social security | 5,784 | 2,404 | |||
| Other creditors | 149 | 149 | ||||
| Accruals and deferred | income | 32,198 | 34,187 | 9,457 | 17,045 | |
| 32,347 | 38,971 | 9,606 | 19,450 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||||
| January | Transfers | December | |||||
| 2022 | Income | Expenditure | in/out | 2022 | |||
| 6 | 6 | ||||||
| Unrestricted | funds | ||||||
| General fund | 4,366,838 | 825,006 | (455,256) | (446,477) | 4,290,111 | ||
| Subsidiary | reserves | (376,102) | 321,443 | (408,303) | (462,962) | ||
| 3,990,736 | 1,146,449 | (863,559) | (446,477) | 3,827,149 | |||
| Restricted | funds | ||||||
| Children and education |
8,973 | (16,000) | 7,027 | ||||
| Medical | 27,574 | (215,000) | 187,426 | ||||
| Family care | and welfare | 152,976 | (405,000) | 252,024 | |||
| Building | 4,255,946 | 2,455 | 4,258,401 | ||||
| 4,255,946 | 191,978 | (636,000) | 446,477 | 4,258,401 | |||
| Total offunds | 8,246,682 | 1,338,427 | (1,499,559) | 8,085,550 |
| Statement | of | funds - prior y | ear | ||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at | 31 | ||||||
| 1 January | Transfers | December | |||||
| 2021 | Income | Expenditure | in/outf | 2021f | |||
| Unrestricted | funds | ||||||
| General fund | 4,196,996 | 981,088 | (633,714) | (177,533) | 4,366,837 | ||
| Subsidiary | resentes | (384,711) | 387,503 | (378,893) | (376,101) | ||
| 3,812285 | 1,368,591 | (1,012,607) | (177,533) | 3,990,736 | |||
| Restricted | funds | ||||||
| Children and education |
3,888 | (5,000) | 1,112 | ||||
| Medical | 35,257 | 44,285 | (153,000) | 73,458 | |||
| Family care | and welfare | 184,037 | (287,000) | 102,963 | |||
| Building | 4,252,671 | 3,275 | 4,255,946 | ||||
| 4,287,928 | 235,485 | (445,000) | 177,533 | 4,255,946 | |||
| Total offunds | 8,100,213 | 1,604,076 | (1,457,607) | 8,246,682 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | December | ||||
| 2022 | Income | Expenditure | in/out | 2022 | ||
| 6 | 6 | 6 | 6 | 6 | ||
| General funds | 3,990,736 | 1,146,449 | (863,559) | (446,477) | 3,827,149 | |
| Restricted | funds | 4,255,946 | 191,978 | (636,000) | 446,477 | 4,258,401 |
| 8,246,682 | 1,338,427 | (1,499,559) | 8,085,550 | |||
| Summary | offunds - prior year | |||||
| Ba/ance et | ||||||
| Balance at | 31 | |||||
| 1 January | Transfers | December | ||||
| 2021 | income | Expenditure | inlout | 2021 | ||
| 8 | ||||||
| General funds | 3,812,285 | 1,368,591 | (1,012,607) | (177,533) | 3,990,736 | |
| Restricted | funds | 4,287,928 | 235,485 | (445,000) | 177,533 | 4,255,946 |
| 8,100,213 | 1,604,076 | (1,457,607) | 8,246,682 |
| Analysis | ofnet assets between funds - cur | rent year | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2022 | 2022f | 2022 6 |
||
| Tangible | fixed assets | 3,185,766 | 4,258,401 | 7,444,167 |
| Fixed asset investments | 38,835 | 38,835 | ||
| Current | assets | 634,895 | 634,895 | |
| Creditors | due within one year | (32,347) | (32,347) | |
| Total | 3,827,149 | 4,258,401 | 8,085,550 |
| Analysis | of net assets between funds - prio | r year | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| Tangible | fixed assets | 3,038,816 | 4,255,946 | 7,294,762 |
| Fixed asset investments | 390,652 | 390,652 | ||
| Current | assets | 601,239 | 601,239 | |
| Creditors | due within one year | (39,971) | (39,971) | |
| Total | 3,990,736 | 4,255,946 | 8,246,682 |
| Group | Group | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of Financial | |||||
| Activities) | (161,132) | 146,469 | ||||||||||
| Adjustments for: |
||||||||||||
| Depreciation charges |
176,712 | 174,137 | ||||||||||
| Losses/(gains) on |
investments | 67,958 | (6,784) | |||||||||
| Decrease/(increase) | in | debtors | 310 | (14,195) | ||||||||
| Increase/(decrease) | in | creditors | (7,624) | 5,991 | ||||||||
| Net cash provided | by | operating | activities | 76,224 | 305,618 | |||||||
| 20. | Analysis ofcash and | cash equivalents | ||||||||||
| Group | Group | |||||||||||
| 2022f | 2021 | |||||||||||
| Cash in hand |
574,560 | 540,594 | ||||||||||
| Total cash and cash | equivalents | %4480 | 540,594 |
| The fin | ancial re |
sults ofthe s | ubsidiary | for th | e year were: | |||
|---|---|---|---|---|---|---|---|---|
| Name | Income | Expenditure | Profitf(Loss) | Net assets | ||||
| 8 | E | ISurplusl | E | |||||
| (Deficit) for | ||||||||
| the year | ||||||||
| 6 | ||||||||
| The Millennium | Commercial | Centre | in | 321,443 | (408,303) | (86,860) | (462,962) | |
| Modiin | Ltd |