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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 03965910 (England and Wales) REGISTERED CHARITY NUMBER: 1085469

NORTH LONDON BIKUR CHOLIM LIMITED (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

NORTH LONDON BIKUR CHOLIM LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Report of the Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 19

NORTH LONDON BIKUR CHOLIM LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020

TRUSTEES R Alter J Hager C Joseph R Klien COMPANY SECRETARY J Hager REGISTERED OFFICE First Floor 94 Stamford Hill London N16 6XS PRINCIPAL ADDRESS 4th Floor 97 Stamford Hill London N16 5DN REGISTERED COMPANY 03965910 (England and Wales) NUMBER REGISTERED CHARITY 1085469 NUMBER INDEPENDENT AUDITORS Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS BANKERS Lloyds Bank plc 182 High Street London E17 7HJ

Page 1

NORTH LONDON BIKUR CHOLIM LIMITED (REGISTERED NUMBER: 03965910)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Reference and administrative information

Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objectives and aims for public benefit

The object of the charity is to improve the lives of people of all ages who suffer from long or short term illness or disability. The charity does this by providing hands on support in the form of nurses or care workers as well as signposting to other relevant agencies and resources. The charity also makes grants at the trustees' discretion to help individuals and families at times of crisis or longer term difficulties, focusing on health related crises.

The trustees confirm to have given due regard to the Charity Commission's guidance on public benefit

Significant activities

The charity has again been successful in providing care as needed as well as an increased volume of grants as the need has arisen. Government and local authority resources provided have continued to be inadequate to meet the true needs of users of all ages and we are well placed to be able to add to these resources, ensuring that vulnerable people are kept safe and with a good quality of life. The charity has had to step in where the need was great and pressing, and has been aided by this with funds from the Claims Conference and also the AJR.. The charity continues to have sufficient reserves, but the Trustees will continue to consider how best to manage resources so that a deficit does not re-occur. This will ensure that the needs of its vulnerable target group will continue to be met, despite the severe limitations on care provided by local authorities.

North London Bikur Cholim continues to be commissioned by local authorities and by the NHS to provide care on their behalf. We also provide care services to self paying users; the charity charges for these care services at its discretion, often at below cost, and often also free of charge. Excess funds received are utilised for that purpose, as well as to make grants, or to provide extra hours of care to those who need them, but which the statutory authorities will not provide.

Grantmaking

The charity makes grants to individuals and families where required on medical grounds and for respite, holidays and equipment for those in need. The trustees base their decision on references from outside agencies, self referrals and from their own close knowledge of the needs of members of the Orthodox Jewish community.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity has again been successful in maintaining its level of activities despite the effects of Covid19. Government and local resources are D.V. holding their own and we are grateful for support provided to ensure the health and wellbeing of our users. The charity has been fortunate in having been able to maintain its reserves.These resources will ensure that the needs of our vulnerable target group will continue to be met, despite the limited funding available from local authorities. Apart from those funded by local authorities, the charity charges for care services at its discretion, often at below cost, and sometimes free of charge. Excess funds received are utilised for that purpose, as well as to make grants, or to provide extra hours of care to those who need them, but which the statutory We are gratified at having been able to increase the level of grants, and the Trustees are planning to continue this trend, while being mindful of the need to ensure a sufficient level of reserves to secure the financial stability of the charity. The charity is grateful to the NHS for supplying PPE during the Covid 19 pandemic.

FINANCIAL REVIEW

Financial position

The financial statements show a great improvement over the previous year. Income from care services rose but the charity was able to keep increase in expenditure to an acceptable level. The charity was left with a surplus for the year.

Page 2

NORTH LONDON BIKUR CHOLIM LIMITED (REGISTERED NUMBER: 03965910)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

FINANCIAL REVIEW

Principal funding sources

The charity's main source of income is local authority funding of users of the charity's services.The trustees would like to express their continued appreciation for the support of the Association of Jewish Refugees and the Claims Conference in helping those eligible who are Holocaust Survivors, Second Generation Holocaust Survivors, dependents and Refugees as they become more frail and in greater need of support.

Reserves policy

The trustees' policy is that the charity has sufficient reserves to cover normal activities for at least three months. Reserves at the year end were £704,997 (2019 - £726,788) of which£11,121 (2019 - £17,191) were restricted.

Going concern

There are no material uncertainties about the charity's ability to continue.

FUTURE PLANS

The charity plans to continue its activities on the presumption that Local Authorities will continue to carry out their Statutory Duty of providing services to vulnerable users in critical need.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 6 April 2000.

Recruitment and appointment of new trustees

The power to appoint new trustees vests with the continuing board . It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

The day to day running of the charity is managed by two of the trustees who liaise regularly with the other trustees. Full trustee meetings are held four times a year.

Risk management

The trustees actively review the major risks which the charity faces on a regular basis and have established systems to mitigate such.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of North London Bikur Cholim Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting 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 those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.

Page 3

NORTH LONDON BIKUR CHOLIM LIMITED (REGISTERED NUMBER: 03965910)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

In so far as the trustees are aware:

AUDITORS

The auditors, Sugarwhite Meyer Accountants Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 13 September 2021 and signed on its behalf by:

J Hager - Trustee

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTH LONDON BIKUR CHOLIM LIMITED

Opinion

We have audited the financial statements of North London Bikur Cholim Limited (the 'charitable company') for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 charitable company'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

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTH LONDON BIKUR CHOLIM LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

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:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company 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 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 charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF NORTH LONDON BIKUR CHOLIM LIMITED

Our 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 a Report of the Independent Auditors 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.

In performing an audit, 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, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.

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 charity's internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements

Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about charity's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company'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 charitable company's members those matters we are required to state to them in an auditors' 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

E Meyer FCA BSc (Senior Statutory Auditor) for and on behalf of Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

13 September 2021

Page 7

NORTH LONDON BIKUR CHOLIM LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
3
Charitable activities
Total
EXPENDITURE ON
Charitable activities
4
Charitable activities
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
4,500
1,575,177
1,579,677
1,595,398
(15,721)
709,597
693,876		 Restricted
fund
£
12,305
-
12,305
18,375
(6,070)
17,191
11,121		 2020
Total
funds
£
16,805
1,575,177
1,591,982
1,613,773
(21,791)
726,788
704,997		 2019
Total
funds
£
70,387
1,559,981
1,630,368
1,518,748
111,620
615,168
726,788

The notes form part of these financial statements

Page 8

NORTH LONDON BIKUR CHOLIM LIMITED (REGISTERED NUMBER: 03965910)

BALANCE SHEET 31 DECEMBER 2020

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds:
General fund
Restricted funds:
Restricted fund
TOTAL FUNDS		 2020
£
796
219,318
645,651
864,969
(160,768)
704,201
704,997
704,997
693,876
11,121
704,997		 2019
£
1,031
104,246
756,031
860,277
(134,520)
725,757
726,788
726,788
709,597
17,191
726,788

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 13 September 2021 and were signed on its behalf by:

C Joseph - Trustee

The notes form part of these financial statements

Page 9

NORTH LONDON BIKUR CHOLIM LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2020
£
(110,380)
(110,380)
(110,380)
756,031
645,651		 2019
£
263,976
263,976
263,976
492,055
756,031

The notes form part of these financial statements

Page 10

NORTH LONDON BIKUR CHOLIM LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided by operations		 2020
£
(21,791)
235
(115,072)
26,248
(110,380)		 2019
£
111,620
308
185,266
(33,218)
263,976

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.20 Cash flow At 31.12.20
£ £ £
Net cash
Cash at bank and in hand 756,031 (110,380) 645,651
756,031 (110,380) 645,651
Total 756,031 (110,380) 645,651

The notes form part of these financial statements

Page 11

NORTH LONDON BIKUR CHOLIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Income from care fees is included in the year in which it is receivable. Donations are included in full in the statement of financial activities when received.

Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.

Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. The value of services provided by volunteers has not been included.

Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - at variable rates on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going concern

There are no material uncertainties about the charity's ability to continue.

Page 12

NORTH LONDON BIKUR CHOLIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

2. DONATIONS AND LEGACIES

Unrestricted
Restricted
funds
funds
£
£
Donations
4,500
1
Grants
-
12,304
4,500
12,305
Grants received, included in the above, are as follows:
Private grants
Trusts
3.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Provision of care services
Charitable activities
4.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
Direct
(see note
Costs
5)
£
£
Charitable activities
1,305,084
211,793
5.
GRANTS PAYABLE
Charitable activities
The total grants paid to institutions during the year was as follows:
Medical care
Relief of poverty		 2020
Total
funds
£
4,501
12,304
16,805
2020
£
300
12,004
12,304
2020
£
1,575,177
Support
costs (see
note 6)
£
96,896
2020
£
211,793
2020
£
-
9,000
9,000		 2020
Total
funds
£
4,501
12,304
16,805
2020
£
300
12,004
12,304
2020
£
1,575,177
Support
costs (see
note 6)
£
96,896
2020
£
211,793
2020
£
-
9,000
9,000		 2019
Total
funds
£
1,249
69,138
70,387
2019
£
9,000
60,138
69,138
2019
£
1,559,981		 2019
Total
funds
£
1,249
69,138
70,387
2019
£
9,000
60,138
69,138
2019
£
1,559,981		 2019
Total
funds
£
1,249
69,138		 2019
Total
funds
£
1,249
69,138
70,387
2019
£
9,000
60,138
69,138
Totals
£
1,613,773
2019
£
222,857
2019
£
660
9,168
9,828

Page 13

NORTH LONDON BIKUR CHOLIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

5. GRANTS PAYABLE - continued

The total grants paid to individuals during the year was as follows:

Medical care
Relief of poverty
SUPPORT COSTS
Management
£
Charitable activities
32,273
Support costs, included in the above, are as follows:
Management
Insurance
Accountancy
Professional fees
Postage and stationery
General administrative expense s
Depreciation of tangible and heritage
assets
Other
Wages
Social security
Pensions		 2020
£
13,873
188,920
202,793
Governance
Other
costs
£
£
57,909
6,714
2020
Charitable
activities
£
5,371
4,400
4,804
3,201
14,262
235
32,273
2020
Charitable
activities
£
55,713
1,870
326
57,909		 2019
£
94,261
119,193
213,454
Totals
£
96,896
2019
Total
activities
£
4,935
2,780
7,235
2,704
14,843
308
32,805
2019
Total
activities
£
49,765
1,658
269
51,692

6. SUPPORT COSTS

Page 14

NORTH LONDON BIKUR CHOLIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

6. SUPPORT COSTS - continued Governance costs

SUPPORT COSTS - continued
Governance costs
2020 2019
Charitable Total
activities activities
£ £
Auditors' remuneration 3,420 3,420
Auditors' remuneration for non audit
work 3,000 3,000
General expenses 294 228
6,714 6,648

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2020 2019
£ £
Auditors' remuneration 3,420 3,420
Auditors' remuneration for non audit work 3,000 3,000
Depreciation - owned assets 235 308

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2020
£
993,977
64,673
6,571
1,065,221		 2019
£
826,455
46,070
4,666
877,191

The average monthly number of employees during the year was as follows:

Care staff
Support staff		 2020
98
6
104		 2019
75
6
81

Page 15

NORTH LONDON BIKUR CHOLIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

9. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000
10.
TANGIBLE FIXED ASSETS
COST
At 1 January 2020 and
31 December 2020
DEPRECIATION
At 1 January 2020
Charge for year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Fee debtors
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Wages control
Accruals and deferred income
Pension		 2020
1
2020
£
219,318
2020
£
25,161
85,873
47,816
1,918
160,768		 2019
-
Plant and
machinery
£
5,826
4,795
235
5,030
796
1,031
2019
£
104,246
2019
£
15,479
63,901
54,053
1,087
134,520

Page 16

NORTH LONDON BIKUR CHOLIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
fund
fund
£
£
Fixed assets
796
-
Current assets
853,848
11,121
Current liabilities
(160,768)
-
693,876
11,121
14.
MOVEMENT IN FUNDS
At 1.1.20
£
Unrestricted funds
General fund
709,597
Restricted funds
Restricted fund
17,191
TOTAL FUNDS
726,788
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
1,579,677
Restricted funds
Restricted fund
12,305
TOTAL FUNDS
1,591,982
Comparatives for movement in funds
At 1.1.19
£
Unrestricted funds
General fund
611,768
Restricted funds
Restricted fund
3,400
TOTAL FUNDS
615,168		 2020
Total
funds
£
796
864,969
(160,768)
704,997
Net
movement
in funds
£
(15,721)
(6,070)
(21,791)
Resources
expended
£
(1,595,398)
(18,375)
(1,613,773)
Net
movement
in funds
£
97,829
13,791
111,620		 2019
Total
funds
£
1,031
860,277
(134,520)
726,788
At
31.12.20
£
693,876
11,121
704,997
Movement
in funds
£
(15,721)
(6,070)
(21,791)
At
31.12.19
£
709,597
17,191
726,788

Page 17

NORTH LONDON BIKUR CHOLIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,582,568
(1,484,739)
Restricted funds
Restricted fund
47,800
(34,009)
TOTAL FUNDS
1,630,368
(1,518,748)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.1.19
in funds
£
£
Unrestricted funds
General fund
611,768
82,108
Restricted funds
Restricted fund
3,400
7,721
TOTAL FUNDS
615,168
89,829		 Movement
in funds
£
97,829
13,791
111,620
At
31.12.20
£
693,876
11,121
704,997

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
3,162,245
60,105
3,222,350		 Resources
expended
£
(3,080,137)
(52,384)
(3,132,521)		 Movement
in funds
£
82,108
7,721
89,829

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NORTH LONDON BIKUR CHOLIM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

15. RELATED PARTY DISCLOSURES

Close family members of two trustees received medical care on the same terms as other users of the charity's services.

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