Habonim Dror Trustees, Report and Unaudited Accounts For the year ended 31 August 2023 Charity number 1088803 Company registration number 4273482
Habonim Dror Contents Page= Legal and administrative information Report of the Trustees Report of the Independent Examiner Statement of financial activities io Balance sheet li Statement of cash flows 12-21 Note forming part of the financial statements
Habonim Dror Legal and administrative information Trustees/Directors'. Anthony Ashworth-steen Antony Berg Cassie Matus Gary Sakol Adam Wagner Hannah Weisfeld Charity number 1088803 Company number 4273482 Executive director Adi Rothman Berrnan Principal address and registered office Lady Ruth House Gabriel Mews Crewys Road London NW22GD Independent examiner.. Anthony Epton Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG
Habonim Dror Report of the Trustees For the year ended 31 August 2023 The Trustees are pleased to present their annual report and financial statements of Habonim Dror for the year ended 31 August 2023. The financial statements comply with the Charities Act 2011, the Companies Act 2006. the Articles of A550ciation and 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 IFRS 1021 effective I january 2015. Structurei governance and management The Charity is a company limited by a guarantee. The Members of the Charity are the Trustees. In the event of the Charity being wound up the liability in respect of the guarantee is limited to £10 per Member. The Trustees, who are also the directors for the purpose of company law and who Served during the year were.. Anthony Ashworth-steen Antony Berg Cassie Matus Gary Sakol Adam Wagner Hannah Weisfeld Trustees are recruited a5 and when nece55ary. The 8oard are mindful of their requiiements to undertake necessary and relevant training. The management of the Charity is undertaken by the TrLJStees who meet regularly. The Trustees are mindful of the need to have adequate controls and procedure5 to identify énd mitigate areas Df potential risk. The Trustees delegate the day-to-day responsibilities to the Charity's employees. ObSe¢tives and activities The Chèrity's objectives are to educate jewish young people especially, but not exclusively, through leisure time activities in the UK and abroad, so to develop their physical, mental, social and Spiritual capacities that they may grow up to full maturity as individua15 and members of society.. to educate Jewish young people in the history, traditions, culture and faith of the jewish people,. and to provide, in the interest of social welfare. facilities for recreation and other leisure time occupation of young people. The policies adopted in furtherance of these Objects are raising fund5 and receiving contributions by way of subscriptions, donations and grants. The Trustee5 are erllpoweTed to act as they see best for the furtherance of the Charity's objects and there has been no change in these during the year. The Charity aims to enhance the lives of Jewish youth across the entire United Kingdom through a process of informal jewish education. Habonim Dror aims to strengthen the Jewish and Zionist identity of the participant5, encourage5 them to take responsibility for social issues in British and Israeli society and educates them about the core values of leadership. Habonim Dror engage5 Jewish youth throughout the year on residential and non-residential activities to instil the aims of the movement within participants. The Trustees have paid due regard to guidance i55ued by the Charity Commission in decidirig what activities the charity should undertake. The Charity is indebted to its long list of volunteers who help with all activities. Each year, there are over 100 volunteer leaders for summer camps and weekly activities. The monetary value of their efforts is difficult to calculate but WOLJld exceed £IOO,000. Without them the Charity would not exist.
Habonim Dror Report of the Trustees For the year ended 31 August 2023 Activitles and performan¢e This Charity 15 pleased to be able to report a small Surplus this year. The Charity continued to run high quality programming. despite financial difficulties due to the impact of PDSt-covid and an increase in the cost of living, including a significant increase in supplier costs and reduced household income. In response to the challenges of increased c05t5, the Charity closely rnonitored its financial management arid worked hard to ensure that extra caution was taken in regard to all Spending. The Charity would like to extend thanks to its office team and volunteers for the extra work that went in to ensuring this was the case. The Charity ensured that it still ran it5 activities at a high-quality, allowing young people to have access to essential experiences throughout its programmes. A particular highlight is our residential summer activities. This includes our annual leadership training residential seminar, where we train over 80 leaders during ten intensive days. providing high quality leadership training and education. This included Safeguarding training lour leaders are also DBS checked), basic First aid and welfare, as well as intensive educational content relevant to the Camp themes. These skills were used by the leaders on our residential summer camp, bringing together young people from across the Country for a fortnight of education, personal growth and friendship. The feedback from our Summer Camp was exceptionally strong and the Charity believes that a5 a result our engagement will continue to increase in the following year. The Charity continues to benefit from the expertise and dedication of an outstanding team of Trustees who have provided the Charity with high-quality and sensitive oversight and direction and acted with care and skill throughout. Our President, Ruth, Lady Morris of Kenwood continue5 to take an active interest and provides wise counsel. The Trustees and Staff continue to review and develop our Safeguarding 3rrangÈments, risk management, financial managernent processes, confidentiality and privacy and management procedures. The Charity is extremely grateful for the commitment and support of all the TrLJStees as well as the staff, volunteer5 and our incredible Movement Workers.
Habonim Dror Report of the Trustees For the year ended 31 August 2023 Finan¢lal review The Charity pleased to report a small surplus for the year, There were financial challenges due to the impact of post-covid and an increase in the cost of livin including a Significant increase in supplier costs (some over 120%) and reduced household income. The Charity understands that significant effort was Put in this year to ensure the year ended with a surplus. This was a result of hard work put in by the office team and volunteers to redLJce costs acr055 throughDUt the year. The Charity remains financially secure and resilient. It 15 the policy of the Charity, that unrestricted funds, which have not been designated for a specific purpose, should be maintained at a level equivalent to a minimum of six month'5 expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, additional funds may be raised. This level of reserves has been maintained a5 a minimum throughout the year. We remain corllmilted to providing our Bursary Scheme to support those who might otherwise be less able to afford to participate in our activitie5. We currently hold funds from the sale of a property in Manchester and as a result Continue to monitor and assess the opportunities in Manchester. In due course we will take 3 view on a replacement property or otherwise. We are especially grateful to the many individual Donors. Trustees Jnd Foundations who have been willing to provide financial support for our charity. Public Benefit The Trustees have complied with their duty under the Charities Act 2011 and have paid due regard to public bènefit when preparing this report. The benefit provided to the public is Consistent with the charitable aims of Habonim Dror and is in due regard to the Charity Commission guidelines. Reserves The Board's reserves policy 15 to maintain a minimum level of operating costs COnSlStent with the predominant risks to the organisation, specifically a fall in income. The Board has reviewed the current unrestricted reserves of the Charity and considers that the level is sufficient but not excessive. The Charity has unrestrirted reserves to cover 12 months operation costs.
Habonim Dror Report of the Trustees For the year ended 31 August 2023 Risk The Trustees have undertaken procedure5 in order to implement SORP 2015 as it is acknowledged best practice for charities. They have undertaken a risk management process, which outlines the key risks of the Charity, relevant control procedures, responsibilitiès and future actions to be taken. Future monitoring of risk is embedded within the overall agreed procedures of the Charity. The Trustees are satisfied that all the major risks to which the Charity Is exposed are being reviewed and systerns of internal control are being established to manage those risk5. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequatelv managed. The Charity has a comprehensive Trustee Indemnity Insurance Policy. The Charity continues to work with its broker on the provision of appropriate insurance cover~ the cover is reviewed annually or more often as required. Trustees, responslbllltles in relation to the flnanclal statements The Trustees are responsible for keeping accounting records, which dlsclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are a150 responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection Df fraud and other irregularities. The Directors (who are also Trustees for the purpose5 of charity lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prarticel, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the charity Trustees to prepare financial statements for each year, which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resoLJrces, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the Trustees are required to: Selert suitable accounting policies and then apply them con51Stently,' Observe the methods and principles in the Charities SORP,. Make judgements and estimates that are reasonable and prudent,. State whether applicable UK accounting standards have been followed subject to any Material departures disclosed and explained in the financial statements,. Prepare the financial Statements on the going concern ba515 unless it is inappropriate to presume that the charity will continue in business.
Habonim Dror Report of the Trustees For the year ended 31 August 2023 Trustees, responslbllltles In relation to the financial statements l¢ontlnuedl The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's web51te. Legislation in the United Kingdom governing the preparation and dissemination of financial staternents may differ from legislation in other jurisdictions. Approved by the Board of Trustees/Directors and signed on their behalf by.. Antony Berg TrusteelDire tor 21 May 2024
Independent Examiner's report to the Trustees of Habonim Dror I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023. Responsibilities and basis of report As the charity's trustees of the Company13nd 8lso its directors for the purposes of comp3ny lawl you are responsible for the preparation of the accounts in atcordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for iridependent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out Tny examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiner's statement Since the Compan(5 gross income exceeded £250,000, I confirm that l am qualified to undertake the examination because l am a member of the ICAEW, which is one of the listed bodie5. I have completed my examination. I confirm that no matters have come to my attention in connection with the exarnination giving me cause to believe.. accounting records were not kept in respett of the Company as required by section 386 of the 2006 Act,. or 2. the accounts do not accord with those records,. or the account5 do not cornply with the accounting requirements of sectlon 396 of the 2006 Act other than any requirement that the accounts give a 'trLJe and fair view which is not a matter considered as part of an independent examination,. or 4. the account5 have not been prepared in accordance with the rllethod5 and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Finantial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 23 May 2024 Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG
Habonlm Dror Statement of financial actlvltles Ilncorporatlng an Income and expenditure account) For the ear ended 31 Au ust 2023 2023 2022 Unrestricted Endowment Fund funds Total Fund Total Fund Note Income from.. Donations and legacles Charitable actlvltles Investments Other 36,393 628,891 43,625 36,393 628.891 43,625 6,042 698,556 37.832 Total Income 708,909 708,909 742,430 Expendlture on: Charitable activities Other 707,944 707,944 702.878 Total expendlture 707,944 707,944 702,878 Net Income l (expendlture) for the year 965 965 39,552 Transfers between funds Net Income I lexpendlturel before other recognlsed galn5 and105se5 965 965 39,552 Net movement In funds 965 965 39,552 Reconclllatlon of fund5'. Toral fund5 brought forward 1.832,511 268.327 2.100.838 2.061,286 Total funds carrled forward 1,833,476 268,327 2.101.803 2,100,838 All of the above results are derived from coniinuing aciiviiies. There were no other reco9nised gains or losses other rhan those staled above. Movemenis in funds are disclosed in Notes to rhe financial staiernenr5.
Habonim Dror Balance sheet Company no. 4273482 Asat31 Au ust 2023 2023 2022 Note Flxed assets.. Tangible assets 1,287.054 1,287,054 ,287.054 1,305,677 Current assets.. Debtors Cash at bank and In hand 150,201 793,959 52,033 874,957 944.160 926.990 Creditors.. amounts falling due within one year 15 1129,411) 1113,2061 Net current assets 814,749 813,784 Total assets le55 current Ilabllities 2,101.803 2,100,838 Credirors.. amounrs falling due after one year Total net asset5 2,101.803 2,100,838 The funds of the charlty.. Endowmeni funds Unrestricted income funds". Revaluation reserve General funds 268.327 268.327 117.005 1,716,471 117,005 1,715,506 Total unrestricted funds 1,833.476 1,832,511 Total charlty funds 2,101.803 2,100,838 The Trustees consider rhat the company Is entltled to exemprlon from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 and members have not required the charltable company to obtain an audit for the year in question in accordanie with section 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 wilh respect io accounting record5 and for preparing financial 5taternents. The financlal statements have been prepared in accordance with rhe special provision5 relating to companie5 subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with Accounting and Reporting by Charitie5.' Statement of Recommended Practlce applicable to chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 effective l January 20151. Ap roved by the trustees on Qxér. and signed on their behalf by Antony Trustee er9 10
Habonlm Dror Statement of cash flow5 For the ar ended 31 Au ust 2023 Note 2023 2022 Cash flows from operatlllg actlvltles Net cash provided by I lused Inl operatlng actlvldes 18 180.9981 83,681 Net cash provided by I (used In) investlng actlvltles Net cash provlded by I (used Inl tlnanclng actlvltles Change In cash and cash equlvalents In the year 180,9981 83,681 Cash and cash equivalent5 at the beginning of rhe year 874.9S7 791,276 Cash and cash equlvalents at the end of the year 793,959 874,957
Habonlm Dror Notes to the flnancial 5tatementS For the ear ended 31 Au ust 2023 Accounting policies al Basls of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5.' Statement of Recommended Praciice applicable to chariries preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 effective l January 201 SI (Charities SORP FRS 1021 and the Companies Act 2006. The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabiliries are initially recognised at historical cost or transaction value unless orherwise stated In the relevant accounting policy or note. b) Golng concern The trustees consider that there are no material uncertaintie5 about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. c) Income Income is recognised when the charity has entitlement to the funds. any performance conditions attached to the iniome have been met, it is probable that the income will be received and that the amount can be measured reliablv. Income from government and other grants, whether 'capital' grants or 'revenue' grant5, IS recognised when the charity has entitlemenr to the f unds, any performance condition5 attached to ihe grants have been met, it is probable thai the income will be received and the amount can be measured reliably and is not deferred. For legacies, entitlement is taken as the earlier of the date on which eiiher.. the charity is aware that probate has been grantecl. the estate has been finalised and notification has been made by the executorls} to the charity that a distrbbution will be made, Dr when a di5tributlon is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probaie. and Ihe criteria for Incc>me recognirion have not been met. then the legacy is a treated as a contingent asset and disclosed if material. Income received iri advance of the provision of a specified service is deferred unti I the criteria for income recog nlrion are met. d) Donatlons of glfts. services and facilities Donated professional service5 and donaied facilities are recognised as Income when the charity ha5 control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic beneFit from the use by the charity of the item 15 probable and that economic benefit can be measured reliably. In accordance with the Chariries SORP IFRS 1021. volunteer time is not recognised so refer to Lhe trustees. annual report for more information about their contribution. On receipt. donated gifrs, professional 5ervice5 and donated faciliiies are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtai n services or facilities of equivalent economic benefit on the open market- a corresponding amount is then recognised in expenditure in the period of receipt. el Interest receivable Interest on funds held on deposlt is Included when receivable and the amount can be measured reliably by the charity., this Is normally upon notification of the interest paid or payable by the bank.
Habonim Dror Notes to the financlal statements For the ear ended 31 Au U5t 2023 Accountlng policies Icontinuedl f) Fund accountlng Restricted fund5 are to be used for specific purposes as laid down by rhe donor. Expenditure which meets these criteria is charged to the fund. Endowment f unds are specific fund5 provided to the charity followlng the disposal of a propeTry several years ago. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted fund5 earmarked by the trustees for parricular purposes. g) Expenditure and Irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment ro a third party. it is probable that settlement will be required and the amount of rhe obligation can be measured reliably. Expenditure is classified u nder the following activity headings.. CDSts ot raisi ng tunds relare to the c05t5 incurred by the chariiable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose Expenditure on charitable activities includes the costs of delivering services, undertaken to further the purposes of the chariry and thei r associated support costs. Oiher expenditure repre5ent5 those items not falling into any Dther heading Irrecoverable VAT 15 charged as a c05t against the activity for which the expenditure wa5 incurred. h) Allocation of support costs Resources expended are allocaied to the particular activity where the cost relates directly to thai activilv. i) Tangible flxed asset5 Tangible fixed assets other than freehold land are stated at COSt or valuation less depreciaiion. Depreciation is provided at rates calculated to write ofF the cost of valuation less estimated residual value of each asset over its expected usef ul life. The charity's freehold property comprises land and buildings including subsequent improvements to the property. Depreciation is not charged on the land elemenr, which 15 instead subject to impairment review. No depreciation charge is made against the building and improvements as It is considered that the residual value of these is at least as great a5 the carrying value and not materially different to cost. The charity operates a rolling repairs and maintenance programme to prolong the useful life of the properly and to ensure that the above policy continues to be appropriate. J> Fixed asset investments Property investmenis are initially recognlsed at cost and subsequently measured at fair value unless fair value cannot be measured reliably in which case they are measured at cost less impairment. All gains and losses are taken to the Statement of Financial Acrivities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between fair value at the year end and their carrying value. k) Debtors Trade and Dther debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Habonim Dror Notes to the financial statements For the ear ended 31 Au ust 2023 Accountlng pollcles (continued) l) Cash at bank and in hand Cash at bank and cash in hand inclLJdes cash and short term highly liquid investments with a short maturity of three months or less From the date of acquisition or opening of the deposit or sirmilar account. Cash balance5 exclude any funds held on behalf of service user5. ml Credltors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past eveni that will probably result in the transfer of funds to a third party and the amount due lo settle the obligation can be measured or estimated reliably. Creditor5 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. n) Financial instruments The charity only has financial assets and financial liabilities of a kind thar qualify as basic financial instruments. Basic financial instru ments are initially recogn ised at transaction value and subsequently measured at rheir settlement value with the exception of bank loans which are subsequently measured at amortised c05t Using the effective interest method. o) Pensions The chariry operates a stakeholder pension scheme. 2 Detailed comparatives for the statement of financial attlvlrles 2022 Total Unrestricted Endowment Income from: Donations and legacies Charitable activities Other tradi ng activities Investments other 6,042 698, 5 56 6,042 698,556 37,832 37,832 Total Income Expenditure on.. Raising funds Charitable activities 742,430 742,430 702.878 702,878 Total expendlture 702,878 702,878 Net income l expendlture before galns l (lossesl on Net gains I Ilosse51 on investments 39,552 39,552 Net Income l expenditure Transfers between funds 39.552 39,552 Net movement In fund5 Total funds brought forward 39.552 1.792,959 39,552 2.061,286 268,327 Total funds carried forward 1,832,511 268,327 2,100,838
Habonlm Dror Notes to the financlal statements For the ear ended 31 Au U5t 2023 3 Income from donatlons and legacles 2023 Total 2022 Total Unrestricted Restricted Donations Legacies 11.393 25.000 11,393 25,000 6,042 36,393 36,393 6,042 4 Income from charltable aalvltles 2023 Total 2022 Total Unrestricted Restricted Grant income -youth grants Activity income 80,500 548,391 80,500 548,391 63,500 635,056 Total income from charitable activities 628,891 628.891 698,556 5 Income from Investments 2023 Total 2022 Total Unrestricted Restricted Rental income Invesrment income 38.168 5.457 38,168 5,457 37,819 43.625 43.625 37,832
Habonlm Dror Notes to the flnanclal statements For the ear ended 31 Au ust 2023 6 Analysls of expendlture CharltabSe actlvltles Support Costs 2023 Total 2022 Total Staff costs (Note 81 Dlrect cost Activity expenses Travelling and seminars Support cosis Rent and rates Light and heat Insurance Repalrs and renewals Telephone Computer & webslte Printing, p05tage and statlonery Bank and credit card charges General expenses Independent examiner fees Bookkeeping & accoLsntancy Subscription Legal and professional fees 83,147 43,330 126,477 120.681 486,875 18,606 486.875 18.606 520,207 1,972 6,109 2,459 27,322 2,770 4,471 6,170 489 4,813 1,479 3,000 6,907 630 9,367 119,316 1119,3161 6,109 2,4S9 27,322 2,770 4,471 6,170 489 4,813 1,479 3,000 6,907 630 9.367 707.944 9,670 1,556 18,927 4,083 3,603 4,562 394 4,693 980 2.820 6,345 2,358 702,878 588,628 119,316 Support cosr5 Toral expendlrure 2023 Total expenditure 2022 707.944 702,878 707,944 702,878 The total expendlture £707,944 was unrestricted 12022.. £702,878) and £NII 12022,. £NIII was restrlcted. Analysls of expendlrure Iprlor year Charltable actlvitles Support costs 2022 Total Staff costs (Note 8) Dlrect cost Activity expenses Travelling and seminars Support costs Rent and rates Llght and heat Insurance Repairs and renewals Telephone Computer & website Printing. postage and stationery Bank and credit card charges General expenses Independent examiner fees 8ookkeeping & accountancy Subscription Legal and professional fees 71,642 49.039 120.681 520.207 1.972 520.207 1.972 9.670 1.556 18,927 4,083 3,6C>3 4,562 394 4,693 980 2.820 6,345 27 2,358 109.057 1109,0571 9.670 1.556 18.927 4,083 3,603 4,562 394 4.693 980 2.820 6.345 27 2,358 702,878 593,821 109,OS7 702,878 Support cosrs Total expenditure 2022 702.878
Habonlm Dror Notes to the flnanclal starements For the year ended 31 August 2023 Net incoming resource5 for the year Thi5 5 stated after charging / crediting.. 2023 2022 Independent examiners, remuneration (excluding VAll'. Independent examination 2.500 2.700 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows.. 2023 2022 Salaries and wages Social security costs Employer's contribution to defined pension schemes Staff training and recruitment 119,867 4,085 2,465 60 113,249 4,283 3.149 126,477 120,681 No employee earned more than £60,000 during the year12022'. nil). The total ernployee benef its including pension and national insurance contribution5 of the key management personnel were £42,41712022.. £54.2331. The charity trustees were not paid OT recelved any other benefits from employment wlth rhe charity in the year 12022.. nil) neither were they reimbursed expenses during the year 12022.. nill. No charity trustee received payment for professional or other services supplied to the charity12022.' nill. Staff numbers The average number of employees during the year was as follows.. 2023 2022 No. Activity workers Administration and support l O Related party transactions There are no donations from related parties which are outside the normal course of business and no restricted donations from related parries.
Habonim Dror Notes to the financial statements For the year ended 31 August 2023 I l Taxatlon The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 12 Tanglble fixed assets Freehold property Total Cost At the start of the year Additions in year Disposals in year 1,287.054 1,287,054 At the end of the year 1,287.054 1,287,054 Net book value At the end of the year 1,287,054 1,287,054 The freehold property comprise5 land and building5 including 5ub5equent improvements to the property. Depreciation is not charged on the land element, which is Instead subject to impairment review. No depreciation charge is made against the building and improvement5 as it is considered that the residual value of these is at least as great as the carrying value and not materially different to cost. All of the above assets are used for charitable purposes. 13 Cash at Bank and in hand Included in the bank balance are the proceeds from the Sale of the Manchester property which inflates the perceived working capital. We continue to monitor and assess the opportunities in Manchester and In due course will take a vlew on a replacement property or otherwise. 14 Debtors 2023 2022 Activity debtors Orher debiors Prepayments Accrued income 86,113 10,323 795 27,248 13,667 36.018 28.055 150.201 52,033
Habonlm Dror Notes to the financial statements For the year ended 31 August 2023 15 Creditors: amount5 falllng due wlthln one year 2023 2022 Activity creditors Other creditors and accruals Bounce back loan 24.795 68,860 35,756 12,380 55,499 45,327 129,41 113,206 16 Analysls of net assets between funds General unrestricted Endowment Restricted Total funds Tangible fixed assets Current a55ets Creditors amounts falling due within 1,052,054 910,833 1129.4111 235,000 33,327 1.287.054 944,160 1129.4111 Net assets at the end of the year 1.833.476 268.327 2,101,803 17 Movements In funds Incoming At the start resources & of the year gains Outgoing resources & losse5 At the end of the year Transfers Endowment funds.. 268,327 268,327 Total End¢)wment funds 268,327 268,327 Unrestrltted funds.. Revaluation reserve 117,005 117,005 General funds 1.715.506 708,909 1707,9441 1,716,471 Total unrestricted 1,832,511 708,909 (707.944> 1,833,476 Total funds 2,100,838 708,909 (707,944) 2,101,803 Endowment funds are specific funds provided to the charity following the disposal of a property several year5 ago.
Habonim Dror Notes to the financial statements For the year ended 31 August 2023 18 Reconclliatlon of net Income I lexpenditurel to net cash flow from operating activities 2023 2022 Net Income l {expendlture) for the reportlng perlod (as per the statement of financial actlvltles) Ilncreaselldecrease in debtors Increaselldecreasel in creditors 965 39,552 (98.1681 16,205 58,748 114,6191 Net cash provided by l (used In} operating activities (80.9981 83,681 19 Analysi5 of cash and cash equlvalents At I September 2022 At31 August 2023 Other changes Cash flows Cash in hand 874,957 180,9981 793,959 Total cash and cash equivalents 874,957 180,9981 793,959 20 Legal status of the charity The charity is a company limited by guarantee and has no shale capital. The liability of each member in the event of winding up 15 limited to £1. 21 P05t balance sheet event A5 part of our governance processes the charity recenrly conducred a legal review of its employment contracts which identified a legacy technical breach of the minimum wage guidelines. The charity has settled all amounts due to those current and former employees impacted as well as any tax liabilitie5 due to HMRC and is 5at15fied that this matter has been re501ved satisfactorily in l ine wirh rhe minimum wage guidelines. 20
Habonlm Dror Notes to the flnanclal stements For the year ended 31 August 2023 Summary analysls of prevlous reporting period 22 lal Analy515 of net assets betsyeen funds 120221 Unrestricted Endowrnent Funds Funds Total funds Tangible fixed assets Current assets Credltors amounrs falling due within one year 1,052,054 893,663 1113,2061 235.000 33,327 1,287,054 926,990 Net asset5 at the end ol the year 268,327 2,100,838 Unreallsed galns Included In tanglble flxed assets.. At the 51art of the year 117,005 At the end of the year Ibl Movement5 in funds (20221 Incomlng At the Start resources & of the year gaSns Outgoing resources & losse5 At the end ol the year Transfer5 Endowment funds.. 268,327 268,327 Total Endowment funds 268,327 268,327 Unrestricted fynd5= Revaluation reserve 117,005 117,005 General funds 1,675.954 742,430 1702,8781 1,715,506 Total urnrestrlcted funds 1,792,959 742,430 1702,8781 Total funds 2,061 ,286 742,430 1702,8781 2,100,838