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2022-01-31-accounts

Ezer LaYeled Limited

Company limited by guarantee

Annual Report and Financial Statements

For year ended 31 January 2022

Charity Registration Number 1107102 Company Number 4977876

Whiteside and Davies Accountants

158 Cromwell Road Salford M6 6DE

Page 2

EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS

FOR YEAR ENDED 31 JANUARY 2022

Contents

Page
Charity Information 3
Report of the Directors/Trustees 4 - 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes forming part of the financial statements 11 - 12
Detailed profit and loss account and Statement
of financial activities 13

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EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 JANUARY 2022

Charity Information

Board of Trustees

Dr Michael Arthur John Wilks - Director and Trustee Mr Solomon Dresdner - Director and Trustee Mr Ben Burton - Trustee

Administration Address

400-404 Bury New Road Salford M7 4EY

Charity Number

1107102

Company Registration Number

4977876 (England and Wales)

Accountants

David Pollak Whiteside and Davies Accountants 158 Cromwell Road Salford M6 6DE

Bankers

NatWest Bank 64 Bury Old Road Salford M8 5NW

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EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS

FOR YEAR ENDED 31 JANUARY 2022

Report of the Directors/Trustees

The Directors/Trustees have pleasure in presenting their Report and Financial Statements of the Company/Charity for the year ended 31 January 2022.

The Directors/Trustees have adopted the provisions of the Statement Of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2015 in preparing the annual report and financial statements of the charity.

The Trustees in office throughout the year were Mr. S Dresdner, Dr M Wilks and Mr B Burton. Mr S Dresdner and Dr M Wilks are also directors for company law purposes.

All trustees give of their time freely and no trustee remuneration was paid in the year.

Reference and Administration

Reference and Administration details are shown in the schedule of members of the board and professional advisers on page 2 of the financial statements.

Structure, governance and management

Ezer LaYeled Ltd is a company limited by guarantee incorporated on 26 November 2003 and is governed by its memorandum and articles of association.

The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors'/ Trustees' meetings.

Day to day management of activities is the responsibility of the manager, supported by administrative staff and a team of professionals and volunteers.

Charitable Objects

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EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 JANUARY 2022

Report of the Directors/Trustees (continued)

Achievements

The Trustees are pleased to report Ezer LaYeled's successful accomplishments during the year. These include:

Public benefit

In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on fee-charging.

Although we ask for a contribution towards the costs of our services, we have given careful consideration to enable individuals on low income to access our services.

Since we are committed to enabling as many children as possible to benefit from the support that Ezer LaYeled offers, we welcome all children regardless of personal background, faith, gender or personal circumstances.

Financials

This year total incoming resources decreased by 1.9% to £156,960 (2021 - £160,081). As a result of the decrease in income, there was a small deficit of £8,036 was incurred (2021 - surplus £9,507).

The staff and trustees have continued working hard to keep costs and overheads to a minimum without compromising on our high standard of service and professionalism.

Once again, we give credit for our achievements to the remarkable effort made by the trustees and staff.

EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS

Page 6

FOR YEAR ENDED 31 JANUARY 2022

Report of the Directors/Trustees (continued)

Grants and Donations received

Although we receive voluntary contributions from parents, we nevertheless have a large weekly deficit. In order for us to maximise the level of input that we provide to our clientele, we continuously approach granting bodies and charitable trusts.

None of this valuable work would be possible without the ongoing support of our funders who have trust in our organisation.

These funds have enabled us to provide the much needed support that our beneficiaries, the children, deserve.

The recipients of our services continuously express their appreciation and admiration to all members of the public that assist us in delivering vital services.

Investment policy and returns

Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit.

Reserves Policy

The trustees retain reserves of a minimum of £10,000 or more as necessary and where appropriate, consolidate funds in order to enable the charity to meet future needs or to make more substantial grants which they feel to be appropriate.

EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS

Page 7

FOR YEAR ENDED 31 JANUARY 2022

Report of the Directors/Trustees (continued)

Responsibilities of the Directors/Trustees

Company Law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.

In preparing those financial statements, the Directors/Trustees should follow best practice and

The Directors/Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Directors/Trustees to ensure that the financial statements comply with the Company Law.

The Directors/Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.

Approved by The Directors/Trustees on 19th October 2022

Dr Michael Arthur John Wilks Director and Trustee

Page 8

EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 JANUARY 2022

Independent Examiner's Report to the Trustees / Directors

We report on the financial statements of Ezer LaYeled Limited for the year ended 31 January 2022.

Respective Responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

to state whether particular matters have come to my attention

Basis of Independent Examiner's Report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

In connection with my examination, no matter has come to my attention;

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Whiteside and Davies Accountants 158 Cromwell Road Salford M6 6DE

Date: 19th October 2022

EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 JANUARY 2022

Page 9

Statement of Financial Activities

Income and expenditure account

Turnover
Expenditure
Gross Surplus
Overheads
Operating Surplus
Net movement in funds for the year
Reconciliations of funds;
Funds brought forward
Total funds carried forward		 Notes
3		 2022
£
156,960
(146,670)
10,290
(18,326)
(8,036)
(8,036)
42,426
34,390		 2021
£
160,081
(128,928)
31,153
(21,646)
9,507
9,507
32,919
42,426

Page 10

EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS

FOR YEAR ENDED 31 JANUARY 2022

Balance Sheet At 31 January 2022

Fixed Assets
Office furniture and equipment
Current Assets
Cash at Bank and in hand
Debtors
Creditors
Amounts due within one year
Net current assets
Total assets less current liabilities
Creditors
Amounts due after one year
Net Assets
Accumulated Funds
Restricted
Unrestricted		 Notes
4
5
6
7		 2022
£
26,679
17,852
44,531
(14,364)		 2022
£
18,544
30,167
48,711
(14,321)
34,390
0
34,390
34,390		 2021
£
57,989
17,472
75,461
(13,601)		 2021
£
20,566
61,860
82,426
(40,000)
42,426
0
42,426
42,426

In approving these financial statements as directors of the company we hereby confirm:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS102 SORP.

Approved by the board and signed on behalf of them all.

The notes on pages 11 and 12 form part of the balance sheet

/ /

Dr Michael Arthur John WILKS

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EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 JANUARY 2022

Notes To The Accounts

1) Principal Accounting Policies

Basis of Accounting

The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities (Effective April 2008), and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (Issued March 2005).

Cash Flow

The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.

Donations and Fund Accounting

Rental Income received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.

Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.

Resources Expended

Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.

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

The irrecoverable element of VAT is included with the item of expense to which it relates.

Depreciation

Depreciation on tangible assets is calculated at 15% reducing balance

Support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

2) Taxation

The Charitable Company is exempt from taxation on its charitable activities.

3) Turnover

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

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EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 JANUARY 2022

Notes To The Accounts (continued)

4) Office furniture and equipment
Cost
Additions
Depreciation
Charge for the year
Net Book Value
5) Debtors
Other Debtors
Pledged parental contribution
6) Creditors - Amounts due within one year
Accruals
Other creditors
7) Creditors - Amounts due after one year
Bank Loan
At 31 January 2022
At 31 January 2021
At 1 February 2021
At 31 January 2022
At 1 February 2021
At 31 January 2022		 £
88,733
1,250
89,983
68,167
3,272
71,439
18,544
20,566
2022
£
5,599
12,253
17,852
14,364
0
14,364
14,321
14,321		 2021
£
8,699
8,773
17,472
11,601
2,000
13,601
40,000
40,000

Page 13

EZER LAYELED LIMITED Company limited by guarantee FINANCIAL STATEMENTS FOR YEAR ENDED 31 JANUARY 2022

Detailed profit and loss account and Statement of financial activities

Does not form part of the statutory accounts

Incoming Resources
Sponsorships & Donations
Parental contributions
Furlough Income
LA Covid Grant
Resources Expended
Charitable Activities
Cost of Activities In Furtherance
of the Charity's Objects
Rent
Therapy and assessment equipment
Grants paid
Staff training
Wages and pension costs
Support costs
Bank charges
Computer expenses
Depreciation
Fundraising Costs
Building maintenance and cleaning
Rates
Insurance
Membership and Subscriptions
Printing, postage and stationery
Telephone and answering service
Sundry
Governance Costs
Accountancy
Independent Examiner Fee
Total Funds Expended
Accumulated Funds
Net surplus (deficit) for the year
Balance brought forward
Balance carried forward		 2022
Unrestricted
£
56,655
100,305
0
0
156,960
4,500
355
5,475
0
136,340
146,670
620
971
3,272
2,500
3,050
1,424
988
288
1,426
1,624
105
16,268
1,258
800
2,058
164,996
(8,036)
42,426
34,390		 2022
Total
£
56,655
100,305
0
0
156,960
4,500
355
5,475
0
136,340
146,670
620
971
3,272
2,500
3,050
1,424
988
288
1,426
1,624
105
16,268
1,258
800
2,058
164,996
(8,036)
42,426
34,390		 2021
Total
£
24,730
81,552
43,799
10,000
160,081
5,400
890
0
0
122,638
128,928
1,154
1,128
6,847
176
2,940
1,504
977
1,408
1,152
2,504
0
19,790
1,056
800
1,856
150,574
9,507
32,919
42,426