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 2022
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 2022
| 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 | 18 |
NORTH LONDON BIKUR CHOLIM LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022
TRUSTEES
R Alter J Hager C Joseph R Klien S Weiss Y Hartman
COMPANY SECRETARY J Hager REGISTERED OFFICE First Floor 94 Stamford Hill London N16 6XS 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 2022
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 and poverty.
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 Association of Jewish Refugees. 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, and in some circumstances provide this service 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.
This past year we have been awarded several grants from trusts and local authority to provide additional services to our clients as well as others in need in the community.
We carried out a large project providing a range of therapies to children with various physical, emotional and medical conditions, giving them a chance for improved outcomes. We would like to thank Delapage for enabling us to deliver this project.
We also delivered on a funded project where children with special needs were cared for out of the home for several hours over a period of months, providing their family with much needed respite; and enabling siblings to spend quality uninterrupted time with their friends, in a calm and peaceful environment.
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 trust also supports those struggling with the cost-of-living crisis. 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.
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NORTH LONDON BIKUR CHOLIM LIMITED (REGISTERED NUMBER: 03965910)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has again been successful in maintaining its level of activities despite the challenges faced by individuals as well as organisations, due to inflation and ensuing cost of living crisis. Government and local resources are 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, although these will need to be watched closely as costs rise. 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 authorities deny them. The trustees are mindful of the need to ensure a sufficient level of reserves to secure the financial stability of the charity.
FINANCIAL REVIEW
Financial position
The Charity's income increased substantially by 38% in comparison with the previous year, this was largely due to an increase in income from care services; the cost of providing care services went down by just over 4% and grantmaking was reduced by 15%. All this resulted in a surplus for the year which comfortably covered the previous year's deficit.
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 £848,746 (2021 - £410,768) of which £4,184 (2021 - £9,3211) were restricted.
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.
Organisational structure
The day to day running of the charity is overseen 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.
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NORTH LONDON BIKUR CHOLIM LIMITED (REGISTERED NUMBER: 03965910)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
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) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
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
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
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 28 September 2023 and signed on its behalf by:
C Joseph - Trustee
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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 2022 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
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:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
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.
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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.
We 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.
We 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
We concluded 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 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
28 September 2023
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NORTH LONDON BIKUR CHOLIM LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 3 Care fees Total EXPENDITURE ON Charitable activities 4 Provision of care Grantmaking Governance Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 12,776 2,232,638 2,245,414 1,638,038 155,315 8,946 1,802,299 443,115 401,447 844,562 |
Restricted fund £ 53,315 - 53,315 52,800 5,652 - 58,452 (5,137) 9,321 4,184 |
2022 Total funds £ 66,091 2,232,638 2,298,729 1,690,838 160,967 8,946 1,860,751 437,978 410,768 848,746 |
2021 Total funds £ 12,788 1,651,550 1,664,338 1,762,281 189,032 7,254 1,958,567 (294,229) 704,997 410,768 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 8
NORTH LONDON BIKUR CHOLIM LIMITED (REGISTERED NUMBER: 03965910)
BALANCE SHEET 31 DECEMBER 2022
| 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 15 Unrestricted funds: General fund Restricted funds: Restricted fund TOTAL FUNDS |
2022 £ 478 270,328 724,732 995,060 (146,792) 848,268 848,746 848,746 844,562 4,184 848,746 |
2021 £ 615 125,896 475,321 601,217 (191,064) 410,153 410,768 410,768 401,447 9,321 410,768 |
|---|---|---|
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 28 September 2023 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 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
2022 £ 228,095 228,095 228,095 475,321 703,416 |
2021 £ (170,330) (170,330) (170,330) 645,651 475,321 |
|---|---|---|
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 2022
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges (Increase)/decrease in debtors (Decrease)/increase in creditors Net cash provided by/(used in) operations 2. ANALYSIS OF CASH AND CASH EQUIVALENTS Cash in hand Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year Total cash and cash equivalents |
2022 £ 437,978 137 (144,432) (65,588) 228,095 2022 £ 114 724,618 (21,316) 703,416 |
2021 £ (294,229) 181 93,422 30,296 (170,330) 2021 £ 114 475,207 - 475,321 |
|---|---|---|
3.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.1.22 | Cash flow | At 31.12.22 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 475,321 | 249,411 | 724,732 |
| Bank overdraft | - | (21,316) | (21,316) |
| 475,321 | 228,095 | 703,416 | |
| Total | 475,321 | 228,095 | 703,416 |
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 2022
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.
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NORTH LONDON BIKUR CHOLIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
2. DONATIONS AND LEGACIES
| Unrestricted Restricted funds funds £ £ Donations 420 - Grants 12,356 53,315 12,776 53,315 Grants received, included in the above, are as follows: Trusts Government 3. INCOME FROM CHARITABLE ACTIVITIES Activity Provision of care services Care fees 4. CHARITABLE ACTIVITIES COSTS Grant funding of activities Direct (see note Costs 5) £ £ Provision of care 1,494,807 53,357 Grantmaking - 160,967 Governance - - 1,494,807 214,324 5. GRANTS PAYABLE Provision of care Grantmaking The total grants paid to institutions during the year was as follows: Relief of poverty |
2022 Total funds £ 420 65,671 66,091 2022 £ 53,315 12,356 65,671 2022 £ 2,232,638 Support costs (see note 6) £ 142,674 - 8,946 151,620 2022 £ 53,357 160,967 214,324 2022 £ - |
2021 Total funds £ 10,572 2,216 12,788 2021 £ 2,216 - 2,216 2021 £ 1,651,550 |
2021 Total funds £ 10,572 2,216 12,788 2021 £ 2,216 - 2,216 2021 £ 1,651,550 |
2021 Total funds £ 10,572 2,216 |
|---|---|---|---|---|
| 12,788 | ||||
| 2021 £ 2,216 - |
||||
| 2,216 | ||||
| Totals £ 1,690,838 160,967 8,946 |
||||
| 1,860,751 | ||||
| 2021 £ - 189,032 |
||||
| 189,032 | ||||
| 2021 £ 18,200 |
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NORTH LONDON BIKUR CHOLIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
5. GRANTS PAYABLE - continued
The total grants paid to individuals during the year was as follows:
| The total grants paid to individuals during the year was as follows: | ||
|---|---|---|
| Medical care Relief of poverty |
2022 £ 61,627 152,697 214,324 |
2021 £ 4,783 166,049 |
| 170,832 |
6. SUPPORT COSTS
| Management £ Provision of care 60,186 Governance - 60,186 |
Governance Other costs £ £ 82,488 - - 8,946 82,488 8,946 |
Totals £ 142,674 8,946 |
|---|---|---|
| 151,620 |
Support costs, included in the above, are as follows:
Management
| Management | ||
|---|---|---|
| 2022 | 2021 | |
| Provision | Total | |
| of care | activities | |
| £ | £ | |
| Insurance | 8,078 | 6,487 |
| Accountancy | 3,500 | 4,120 |
| Professional fees | 1,925 | 1,649 |
| Postage and stationery | 4,691 | 3,133 |
| Administrative expenses | 41,855 | 14,168 |
| Depreciation of tangible and heritage | ||
| assets | 137 | 181 |
| 60,186 | 29,738 | |
| Other | ||
| 2022 | 2021 | |
| Provision | Total | |
| of care | activities | |
| £ | £ | |
| Wages | 79,534 | 63,268 |
| Social security | 2,594 | 1,672 |
| Pensions | 360 | 367 |
| 82,488 | 65,307 |
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NORTH LONDON BIKUR CHOLIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
6. SUPPORT COSTS - continued Governance costs
| SUPPORT COSTS - continued Governance costs |
||
|---|---|---|
| 2022 | 2021 | |
| Total | ||
| Governance | activities | |
| £ | £ | |
| Auditors' remuneration | 3,840 | 3,660 |
| Auditors' remuneration for non audit | ||
| work | 3,480 | 3,240 |
| General expenses | 1,626 | 354 |
| 8,946 | 7,254 |
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 3,840 | 3,660 |
| Auditors' remuneration for non audit work | 3,480 | 3,240 |
| Depreciation - owned assets | 137 | 181 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
9. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2022 £ 1,173,920 63,200 4,927 1,242,047 |
2021 £ 1,315,874 64,458 8,684 |
|---|---|---|
| 1,389,016 |
The average monthly number of employees during the year was as follows:
| Care staff Support staff |
2022 125 8 133 |
2021 110 7 |
|---|---|---|
| 117 |
No employees received emoluments in excess of £60,000.
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NORTH LONDON BIKUR CHOLIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. TANGIBLE FIXED ASSETS
| COST At 1 January 2022 and 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income Fee debtors 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 13) Social security and other taxes Wages control Accruals and deferred income Pension 13. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts |
2022 £ 33,000 237,328 270,328 2022 £ 21,316 16,314 73,986 34,346 830 146,792 2022 £ 21,316 |
Plant and machinery £ 5,826 5,211 137 5,348 478 615 2021 £ - 125,896 125,896 2021 £ - 29,492 115,842 43,915 1,815 191,064 2021 £ - |
|---|---|---|
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NORTH LONDON BIKUR CHOLIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted Restricted fund fund £ £ Fixed assets 478 - Current assets 969,560 25,500 Current liabilities (125,476) (21,316) 844,562 4,184 15. MOVEMENT IN FUNDS At 1.1.22 £ Unrestricted funds General fund 401,447 Restricted funds Restricted fund 9,321 TOTAL FUNDS 410,768 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 2,245,414 Restricted funds Restricted fund 53,315 TOTAL FUNDS 2,298,729 Comparatives for movement in funds At 1.1.21 £ Unrestricted funds General fund 693,876 Restricted funds Restricted fund 11,121 TOTAL FUNDS 704,997 |
2022 Total funds £ 478 995,060 (146,792) 848,746 Net movement in funds £ 443,115 (5,137) 437,978 Resources expended £ (1,802,299) (58,452) (1,860,751) Net movement in funds £ (292,429) (1,800) (294,229) |
2021 Total funds £ 615 601,217 (191,064) 410,768 At 31.12.22 £ 844,562 4,184 848,746 Movement in funds £ 443,115 (5,137) 437,978 At 31.12.21 £ 401,447 9,321 410,768 |
|---|---|---|
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NORTH LONDON BIKUR CHOLIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 1,654,258 10,080 1,664,338 |
Resources expended £ (1,946,687) (11,880) (1,958,567) |
Movement in funds £ (292,429) (1,800) (294,229) |
|---|---|---|---|
16. 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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