Habonim Dror Trustees, Report and Unaudited Accounts For the year ended 31 August 2024 Charity number 1088803 Company registration number 4273482
Habonim Dror Contents Page: Legal and administrative inforrnation Report of the Trustees Report of the Independent Examiner Staternent of financial activities 10 Balance sheet 11 Statement of cash flows 12-23 Note forming part of the financial statements
Habonim Dror Legal and administrative information Trustees/Directors: Anthony Ashworth-steen Antony Berg Cassie Ozer (ResEned on 21 May 20241 Gary Sakol Adam Wagner Hannah Weisfeld Charity number 1088803 Company number 4273482 Executive director Adi Rothman Berman Principal address and registered office Lady Ruth House Gabriel Mews Crewys Road London NW2 2GD Independent examlner.. Anthony Epton Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG
Habonim Dror Report of the Trustees For the year ended 31 August 2024 The Trustees are pleased to present their annual report and fTnancial statement5 of Habonim Dror for the year ended 31 August 2024. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 effective l January 2015. Structure• 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 respett 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 Ozer IReslgned on 21 May 2024) Gary Sakol Adam Wagner Hannah Weisfeld Trustees are recruited as and when necessary. The Board are mindful of their requirements to undertake necessary and relevant training. The man8Eement of the Charity is undertaken by the Trustees who meet regularly. The Trustees are mindful of the need to have adequate controls and procedures to identify and mitigate areas of potential risk. The Trustees delegate the day-to-day responsibilities to the Charit¢s employees. Objectives and activitie5 The Charity's objectives are to educate Jewrsh young people especiallyp but not exclusively, through leisu re time activitie5 in the UK and abroad, so to develop their physlcal, mental, socia l and spiritual capacities that they may grow up to full maturity as Individuals 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 occu pation of young people. The policies adopted in furtherance of these objects are raising funds and receiving contributions by way of subscriptions, donations and grants. The Trustees are empowered to act as they see best forthe furtherance of the Charit¢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 participants, encourages them to take responsibility for socia l issues in British and Israeli society and educate5 them about the core value5 of leadership.. H3bonim 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 issued by the Charity Com mission in decid ing what activities the cha rity should undertake. The Charity is indebted to its long list of volunteer5 who help with all actNities. Each year, there are over 100 volunteer leaders for summer camps and weekly actlvlties. The monetary value of their efforts is difficult to calculate but would exceed £IOO,000. Without them the Charity would not exist.
Habonim Dror Report of the Trustees For the year ended 31 August 2024 Activitie5 and performance The Charity is pleased to report a successful year for its activities, with summer participants at its highest for 14 years. We received strong feedback from both particlpants and parents on the quality of the camps including our programming and organlsatlon. We anticipate a further stronE summer in 2025 with high signups post launch. th The Charity has taken its responsibilities since the horrors of the terrorist attack of October 7 very seriously. It understands the need for thoughtfully designed and consistent programming for young people in the Jewish communlty and ensured this was the case. A particu lar highlight is our residential summer activities. Thi5 includes our annual leadership training residential semina r, where we train over 90 leaders during ten intensive days, providing high quality leadership training and education. This included Safeguarding training (our leaders are also DBS checked), basic First aid a nd 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 acr055 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 our engagement will continue to increase in the following year. The Charity continues to benefit from the expertise and dedication of our team of Trustees who have provided the Charity with high-quality a nd sensitive oversight and direction and acted with care a nd skill throughout. Our President, Ruth, Lady Morris of Kenwood continues to take an active interest and provldes counsel. The Trustees and Staff continue to review and develop our Safeguarding arrangements, risk management, financial management processes, confidentiality and privacy and management procedures, The Charity would like to express its thank5 for the many years of hard work and dedication of Cassie Ozer, who stepped down frorn her role of Trustee this year, The Charity Is extremely grateful for the commitment and sUPPOrt of all the Trustees as well as the staff, volunteers and our incredibSe Movement Workers.
Habonim Dror Report of the Trustees For the year ended 31 August 2024 Financial revlew Whilst the Charity's activity year ran at a small surplus. the ChariW5 accounts report a deficit due to a one-off item relating to a historic matterthat has been resolved (see financial note 8). The Charity remains financially secure and resilient. It 15 the policy of the Charity to target a surplus each year and has a strong asset position that allows the charity to withstand one-off events. It's the charitWs policy that u nrestricted funds, wh ich have not been designated for a specific purpose, should be maintained at a level equivalent to a minimum of six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in fundin& the cha rity has sufficient reserves to operate and time to raise additional funds as required. This level of reserves has been maintained a5 a minimum throughout the year. We are commltted to providing our Bursary Scheme to SUPPOrt those who might otherwise be less able to afford to participate in our activities. 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 a view on a replacement property or otherwise. We are especially grateful to the many individual Donors, Trustees and Foundations who have been willing to provide financial support for our charity. Public Benefit The Trustees have complied wlth their duty under the Charities Act 2011 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is conslstent with the charitable aims of Habonim Dror and 15 in due regard to the Charity Commisslon guldelines. Reserves The Board's reserves policy is to maintain a minimum level of operating costs consistent with the predomina nt risks to the organisation, specifically a fall in income. The Board has reviewed the cu rrent u nrestricted reseriies of the Charity and considers that the level is sufficient but not excessive. The Charity has unrestricted reserves to cover 12 months operation costs.
Habonim Dror Report of the Trustees For the year ended 31 August 2024 Risk The Trustees have undertaken procedures in orderto implement SORP 2015 as it is acknowledged best practice for charities. They have undertaken a risk management process, which outline5 the key risks of the Charity, relevant control procedures. responsibilities and future actions to be ta ken. 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 bein8 reviewed and systems of internal control are being established to manage those risks. It 15 recognised that systems can only provide reasonable but not absolute assurance that major risk5 have been adequately 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. responslbilltles in relation to the financial statements The Trustees are responsible for keeping accounting records, which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply wlth the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. The Diredors (who are also Trustees forthe purposes 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 Iunited Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requSres the charity Trustees to prepare financial statement5 for each year, which give true and fair view of the state of affairs of the charitable company and the group and of the incoming resource5 and application of resources, including the income and expenditure, of the charltable grou p for that period. In preparing the financial statements. the Trustees are required to,. Select suitable accounting policies and then apply them consistently; 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 rnaterial departure5 disclosed and explained in the financial statements; Prepa re the financial statements on the going concern basis 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 2024 Trustees, responsibilities in relation to the finantlal statements {continued) The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companvs website. Legislation in the United Kingdom governing the prepa ration 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 Be Trustee/D' ector 1610512025
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 2024. Re5ponsil)illties and basls of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 ACVI. 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 independent examination. I report in respert of my examination of your charit¢s accounts as carrled out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Direction5 given by the Charity Commission under section 145151 {bl of the 2011 Act. Independent examinerfs statement Since the Company's 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 bodies, I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any requlrement that the accounts give a 'true and falr vlew which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practlce for accounting and reporting by charltles applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 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. 1610512025 Anthony Epton BA FCA cfA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG
Habonlm Dror Statement of financlal actlvltles Ilncorporatlng an Income and expendlture account) For the year ended 31 August 2024 2024 2023 Unrestricted Endowment Fund funds Total Fund Total Fund Note Income frorn: Donations and legacie5 Charitable activlties Investment5 Other 19,030 815,500 51.725 19,030 815,500 51.725 36,393 628,891 43,625 Total Income 886,255 886,255 708,909 Expendlture on.. Charitable activities Other 875,518 875,518 707,944 Total expendlture 875,518 875,518 707,944 Net income l (expendlture) for the year 10.737 10,737 965 Exceptional ite ms (100,200) (100,200) Transfers between funds Net income I lexpendlture) before other recogn15ed galns and losses (89.463) (89,463) 965 Net movement In funds (89.463) (89,463) 965 Reconclllatlon of funds.. Total funds brought forward 1,833,476 268.327 2.101,803 2,100,838 Total funds carrled forward 1.744.013 268,327 2.012,340 2,101,803 All of the above results are derived from continuing activitie5. There were no other recognised gains or 105se5 other than those stated above. Movement5 in fund5 are disclosed in Notes to the financial statements.
Habonim Dmr Balance sheet Company no. 4273482 Asat31Au ust 2024 2024 2023 Note Flxed assets.. Tangible assets 1,311,313 1,287,054 1,311,313 1,287,054 Current assets: Debtors Cash at bank and in hand 129,197 786,899 150.201 793,959 916.096 944.160 Liabilities: Creditor5'. amounts falling due within one year 15 1199.236) {103.655) Net current assets 716,860 840,505 Total assets le55 current liabilitie5 2.028,173 2,127.559 Creditors-. amourbts falling due after one year 16 (15,833) {25,756) Total net assets 2.012,340 2,101.803 The funds of the charity: Endowment funds Unrestricted fund5-. Propertie5 General funds 268,327 268,327 1.282.500 461,513 1.282,500 550,976 Total unrestricted funds 1,744,013 1,833.476 Total charlty funds 2.012,340 2,101.803 The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 and members have not required the charitable company to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements. The financial statements have been prepared in accordance with the special provision5 relating to companies subject to the small companies regime within Part 15 of the Companie5 Act 2006 and in accordance with 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 l January 20151. Approved by the trustees on and signed on their behalf by Antony Trusree erg
Habonlm Dror Statement of cash flows For the ar ended 31 Au ust 2024 Note 2024 2023 Cash flows from operating attlvltles Net cash provlded by l (used In) operatlng activltles 18 36.727 (71,427) Cash flow5 from investing actlvltles: Purchase of fixed assets (33.864) Net cash provlded by l (used in) investing activities (33,864) Cash flows from flnancing activities- Repayments of borrowing Cash Inflows from new borrowing Receipt of endowment (9,923) Net cash provided by l (used in) financlng actlvltles (9,923) (9,5711 Change in cash and cash equivalents in the year (7,060) 180, 9981 Cash and cash equivalents at the beglnning of the vear 793,959 874,957 Cash and cash equivalents at the end of the year 786,899 793,959
Habonim Dror Notes to the financlal statements For the ear ended 31 Au ust 2024 l Accounting policies a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in acccrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 effective l January 2015) - (Charities SORP FRS 102) and the Companies Act 2006. The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. b) Golng concern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any 50urce5 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 recogni5ed when the charity has entitlement to the funds, any performance conditions attached to the Income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants. whether 'capital' grants or 'revenue' grants, 15 recognised when the charity has entitlement to the funds, any performance conditions attached to the 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 earller of the date on which either.. the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made. or when a distribution 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 probate, and the criteria for income recognition have not been met. then the legacy 15 a treated as a contingent asset and disclosed if material. Income received in advance of the provlsion of a specified service is deferred until the criteria for income recognition are met. dl Donatlons of gift5, services and facilities Donated professional Services and donated facilities are recognised as income when the charity has 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 is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees, annual report for more information about their contribution. On receipt, donated gifts. professional services and donated facllitles are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been wllling to pay to obtain services or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of recelpt. e) Interest recelvable Interest on funds held on deposit 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.
Habonlm Dror Notes to the flnancial statements For the ear ended 31 Au ust 2024 l Accountlng policies (continued) fi Fund accounting Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Endowment funds are specific fund5 provided to the charity following the disposal of a property several years ago. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. g) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it Is probable that Settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Costs of raising funds relate to the costs incurred by the Iharitable company in inducing third parties to make voluntary contributions to it. as well as the cost of any activitie5 With a fundraising purpose. Expen d iture on charitable activitie5 includes the costs of delivering services. undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading Irrecoverable VAT Is charged as a cost against the activity for which the expenditure was incurred. h) Allocation of support costs Re50urce5 expended are allocated to the particular activity where the cost relates directly to that activity. 1> Tanglble fixed assets Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreclatlon is provided at rates calculated to write off the cost of valuation less estimated res id ual value of each asset over its expected useful life. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows.. Freehold building Fixture5 and Fittings Office equipment 4 years 4 years The charity's freehold property comprises land and building5 including subsequent 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 improvements 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. The charity operates a rolling repairs and malntenance programme to prolong the useful Ilfe of the property and to ensure that the above policy continue5 to be appropriate.
Habonim Dror Notes to the flnanclal statements For the ear ended 31 Au ust 2024 l Accounting policies (continued) J> Flxed asset Investments Property investments are initially recognised at Cost and subsequently measured at fair value unless fair value cannot be measured reliably in which case they are measured at cost less impairrnent. All gains and losses are taken to the Statement of Financial Activities 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 other debtors are recognised at the settlement amount due after any trade discount offered. Prepayment5 are valued at the amount prepaid net of any trade discounts due. l) Cash at bank and In hand Cash at bank and cash in hand includes 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 slmilar account. Cash balances exclude any funds held on behalf of servlce users. m) Creditors and provlslons Creditors and provlsions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recogni5ed at their settlement amount after allowing for any trade discounts due. n) Flnancial instruments The charity only has financial assets and financlal Ilabiliries of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective Interest method. o) Pensions The charity operates a stakeholder pension scheme.
Habonim Dror Notes to the flnancial statements For the ear ended 31 Au ust 2024 Detailed comparatives for the statement of flnancial actlvltles 2023 Total Unrestricted Endowment Income from: Donations and legacies Charitable activ5ties Invesrments Other 36,393 628,891 43,625 36,393 628,891 43.625 Total Income Expendlture on: Raising funds Charitable activities 708,909 708.909 707,944 707.944 Total expendlture 707,944 707.944 Net Income l expendlture before galns l (losses) on Net gains l (losses) on investments 965 965 Net income l expenditure Transfers beiween funds 965 965 Net movement in funds Total funds brought forward 965 1.832.511 965 2,100,838 268.327 Total funds carried forward 1,833.476 268,327 2,101.803
Habonim Dror Notes to the financlal statements For the ear ended 31 Au ust 2024 3 Income from donations and legacies 2024 Total 2023 Total Unrestricted Restricted Donations Legacies 19,030 19,030 11,393 25,000 19.030 19.030 36,393 4 Income from charltable activities 2024 Total 2023 Total Unrestricted Restricted Grant income -youth grant5 -CST for security doors Activity income 46,100 15,762 753.638 46,100 15,762 753,638 80,500 548.391 Total income from charitable activitie5 815,500 815,500 628,891 5 Income from investments 2024 Total 2023 Total Unrestricted Restricted Rental income Investment income 25.173 26,552 25,173 26,552 38,168 5.457 51,725 51,725 43.625
Habonlm Dror Notes to the flnancial Statements For the ar ended 31 Au ust 2024 6 Analysis of expenditure Charitable actlvities Support costs 2024 Total 2023 Total Staff costs (Note 8) Dlrect cost Activity expense5 Travelling and seminars Support costs Rent and rate5 Light and heat Insurance Repal rs and renewals Telephone Computer & web51te Printing, postage and stationery Bank and credit card charges General expenses Independent examiner fees Bookkeeplng & accountancy Subscription Legal and professional fees Loan i nEere5t Depreciation Bad debr provislon Exchange rate variance 85,314 52.477 137,791 126,477 611.099 10.283 611,099 10,283 486,875 18,606 1,629 10.693 28,631 3,118 4,443 4,263 534 6,546 2.027 3,000 7,668 595 18.680 860 9.605 14,294 1,629 10.693 28,631 3.118 4,443 4,263 534 6,546 2,027 3,000 7,668 595 18,680 860 9,605 14,294 (241) 875.518 6.109 2.459 27,322 2.770 4,471 6,170 489 4.813 1,479 3.000 6.907 630 9,367 1241) 706.455 169.063 169.063 (169,063) 707,944 Support C05t5 Total expendlture 2024 Total expenditure 2023 The total expenditure £875,518 was unrestricted 12023: £707,944) and £ Nil 1202 3.. £Nil) was restricted. Analysis of expenditure Iprior year) 875,518 707.944 875,518 707.944 Charitable acrivities Support costs 2023 Total Staff costs (Note 8) Direct cost Actlvity expenses Travelli ng and seminars Support costs Rent and rate5 Light and heat Insurance Repairs and renewals Telephone Computer & website Printi ng, postage and stationery Bank and credit card charges General expenses Independent examiner fees Bookkeeplng & accountancy Subscri ption Legal and professional fees 83.147 43.330 126,477 486,875 18,606 486.875 18.606 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 (119.316) 6,109 2.459 27.322 2.770 4,471 6.170 489 4.813 1,479 3,000 6.907 630 9,367 707,944 588.628 119.316 707.944 Support costs Total expenditure 2023 707,944
Habonirn Dror Notes to the financial statements For the year ended 31 August 2024 Net incoming resources for the year Thi5 15 stated after charging / crediting: 2024 2023 Depreciation Independent examiners, remuneration lexcluding VAT): Independeni examination Foreign exchange gains or losses 9,605 2,500 (241> 2,500 Analysls of staff costs, trustee remuneratlon and expenses, and the cost of key management personnel Staff costs were as follows- 2024 2023 Salaries and wages Soclal security costs Employer's contribution to defined pension schemes Other staff cost reversed Staff training and recruitment 129,579 5,311 2,715 (2.317) 2,503 119,867 4,085 2.465 60 137.791 126.477 National minimum wage compensation 100,200 237,991 126,477 No employee earned more than £60,000 during the year (2023: nil). The total employee benefits including pension and national insurance contributions of the key management personnel were £47.614 {2023.' £42,417) and national minimum wages conpensation of the key management personnel was £7,90012023: Nil) . The charity trustees were noi paid or received any other benefits from employment with the charity in the year 12023: nil) neither were they reimbursed expenses during the year (2023: nll). No charity trustee received payment for professional or other services supplied to the charity (2023= nil}. Exceptional items During the year, as part of governance processes the charity conducted a legal review of its employment contracts which identified a legacy technical breach of the mlnlmum wage guidelines. The charity had settled all amounts due to those current and former employees impacted as well as any tax liabilities due to HMRC and was satisfied that this matter had been resolved satisfactorily in line with the minimum wage guidelines. There are no further implicati ons for the charity or its future accounts. Staff numbers The average number of employees during the year was as follows: 2024 No. 2023 No. Activity workers Administration and support
Habonim Dror Notes to the financial statements For the year ended 31 August 2024 l O Related party transactions There are no donation5 from related parties which are outside the normal course of business and no restricted donations from related parties. I l Taxation The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 12 Tanglble flxed assets Fixtu res, Fittings & Equipment Freehold property Total Cost At the 51art of rhe year Additions in year Disp05als in year 1.282.500 4,554 1,287,054 33,864 33,864 At the end of the year 1,282.500 38,418 1.320,918 Depreciation At the start of the year Charge for the year Eliminated on disposal 9,605 9.605 At the end of the year Net book value At the end of the year 9,605 9,605 1,282.500 28.813 1,311,313 At the start of the year 1,282,500 4,554 1,287,054 The freehold property comprises land and buildings including subsequent lrnprovements 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 a5 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 wlll take a view on a replacement property or otherwise.
Habonim Dror Notes to the financial statements For the year ended 31 August 2024 14 Debtors 2024 2023 Activity debtors Other debtors Prepayments Accrued income 94.402 14 17,924 16.857 86,113 36,018 28,055 129,197 150,201 15 Credltors: amounts falling due wlthln one year 2024 2023 Activity creditors Other creditors and accruals Bounce back loan due within one year Deferred income 51,073 78,163 i 0,000 60,000 24,795 68,860 i 0,000 199,236 103.655 Deferred income includes a grant funding exclusively for the purposes of acquiring. maintaining and upkeeping costs associated with the charity's properties. 16 Credltors: amounts falllng due after one year 2024 2023 Bounce back loan due after one year 15,833 25,756 15,833 25,756 20
Habonim Dror Notes to the financlal statements For the year ended 31 August 2024 17 Analysis of net asset5 between fund5 General unrestricted Endowment Restricted Total funds Tangible fixed asset5 Current assets Creditors 1,076,313 882,769 (215,069) 235,000 33,327 1.311,313 916.096 {215,069) Net as5et5 at the end of the year 1,744,013 268.327 2,012,340 Unreali5ed gains Included in tangible fixed assets: Ai the start of the year 17,005 117005 At the end of the year 117005 117005 18 Movements in funds Incoming At the start resources & of the year gains Outgoing resources & losses At the end Transfers of the year Endowment funds: 268,327 268,327 Total Endowment funds 268,327 268,327 Unrestrlcted funds: Propertie5 General fund5 1.282,500 550,976 1,282,500 461.513 886,255 (975,718) Total unrestricted 1,833.476 886,255 (975,718) 1,744,013 Total funds 2,101,803 886.255 (975,718) 2,012,340 Endowment funds are specific funds provlded to the charity following the disposal of a property several years ago. 21
Habonim Dror Notes to the financial statements For the year ended 31 August 2024 19 Reconclllatlon of net Income l (expendlrure) ro net cash flow from operatlng activities 2024 2023 Net Income l (expendlture) for the reporting period (as per the statement of financial activities) Depreciation charges (Increase)Idecrease in debtors Increasel(decrease) i n creditors 189,463> 965 9,605.00 21,004.00 95,580.96 (98,168) 25,776 Net cash provided by l (used in) operating activities 36,727 (71,427) 20 Analysis of cash and cash equivalents At I September 2023 At31 August 2024 Other changes Cash flows Cash in hand 793.959 (7,060> 786,899 Total cash and cash equivalents 793.959 (7,060) 786,899 21 Legal statu5 of the charity The charity is a company limited by guarantee and ha5 no share capital. The liability of each member in the event of winding up is limited to £1. 22
Habonlm Dror Notes to the flnanclal Statements For the year ended 31 August 2024 Summary analysls of prevlous reportlng perlod 22 (a) Analysi5 of net a55ets between fund5 12023) Unrestricted Endowment Funds Fund s Toial funds Tang Ible fixed assets Current assets Creditors amounts falling due within one year ,076.313 882J69 1215,069) 235,000 33.327 1,311,313 916,096 1215,069) Net asset5 at the end of rhe year .744.013 268,327 2,012,340 Unrea115ed galn5 Included in tangible fixed assets: At the start of the year 117,005 At the end of the year 117005 (b) Movement5 In funds (2023) Incoming At the start resources & of the year gains Outgoing resources & losses At the end of the year Transfers Endowment funds: 268.327 268,327 Toral Endowment funds 268.327 268,327 Unrestrltted funds: Revaluation reserve 117,005 117,005 General funds .715.506 708,909 (707,944) 1.716,471 Total unrestricted funds ,832.511 708,909 (707,944) 1.833,476 Total funds 2.100.838 708.909 (707.9441 2.101,803 23