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|||||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|
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||||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|
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||||||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|||
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||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|
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022
6|2022f|
|Income|from|product|sales|18,292|18,292|
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2021|
|Income|from|charitable|activities|8,057|8,057|
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|||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|
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|||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|
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|||||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|
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||||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|
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|||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|
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|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|
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||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|
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||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|
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||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|
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||||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|
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||||||||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|
##
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|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|
##
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||||||||||||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|
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|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||||||||