2020-12-31-accounts - Our Kids

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Trustees' annual report (incorporating		the director's		report)
Trustees' responsibilities statement
Independent auditor's report to the	members
Consolidated statement offinancial	activities		(including		income
and expenditure account)						14
Balance sheet —Our Kids						14a
Consolidated balance sheet						15
Consolidated Statement ofcash flows						16
Notes to the consolidated financial	statements					17

Reference	Reference	and administrative	and administrative	and administrative	details
Registered		charity	name		Our Kids
Charity	registration		number		1109158
Company		registration		number	5302575
Principal	office and		registered		2nd Floor —Parkgates
office					Bury New Road
					Prestwich
					Manchester
					M25 OTL
The trustees
					Mrs M Steinberg
					Mrs H Corn
					SA Marks
Auditor					Haffner Hoff Ltd
					Accountants	8 statutory	auditor
					2nd Floor -	Parkgates
					Bury New Road
					Prestwich
					Manchester
					M25 OTL
Bankers					Nat West Bank Pic
					64 Bury Old Road
					Manchester
					M8 5NW
					Santander	UK Pic
					POD 38The Green House
					Media City	UK
					Manchester
					M50 2EQ

				2020	2020	2019
				Unrestricted
				funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies			5	67,896	67,896	52,610
Other trading activities			6	15,013,634	15,013,634	9,298,805
Investment income			7	9	9	34
Total income				15,081,539	15,081,539	9,351,449
Expenditure
Expenditure on raising funds:
Costs ofother trading	activities		8	14,188,246	14,188,246	8,803,755
Expenditure on charitable	activities		9,10	75,126	75,126	70,888
Total expenditure				14,263,372	14,263,372	8,874,643
Net, income and net movement		in funds		818,167	818,167	476,806
Reconciliation offunds
Total funds brought forward				3,119,540	3,119,540	2,632,734
Total funds carried forward				3,937,707	3,937,707	3,109,540

					2020		2019
				Note			F
Fixed assets
Tangible fixed assets				17		2,811,982	2,762,268
Investments				18		400,000
Current assets
Stocks				19
Debtors				20	6,070		9,868
Cash at bank and in	hand				465,460		12,334
					471,530		22,202
Creditors: amounts	falling		due within one year	21	154,793		139,500
Net current assets/(liabilities)						316,737	(117,298)
Total assets less current			liabilities			3,528,719	2,644,970
Creditors: amounts	falling		due after more than
one year				22		1,304,964	895,833
Net assets						2,223,755	1,749,137
Funds ofthe charity
Unrestricted funds:
Revaluation reserve					1,110,634		1,110,634
Other unrestricted		income funds			1,113,121		638,503
Total unrestricted funds					2,223,755		1,749,137
Total charity funds				25		2,223,755	1,749,137

				2020		2019
			Note
Fixed assets
Tangible fixed assets			17		3,118,076	3,096,723
Current assets
Stocks Debtors Cash at bank and in hand			19 20	3,264,118 1,022,681 1,990,229		2,287,903 577,707 569,418
				6,277,028		3,435,028
Creditors: amounts	falling	due within one year	21	3,623,417		2,346,769
Net current assets					2,653,611	1,088,259
Total assets less current		liabilities			5,771,687	4,184,982
Creditors: amounts	falling	due after more than
one year			22		1,833,980	1,075,442
Net assets					3,937,707	3,109,540
Funds ofthe charity
Unrestricted funds:
Revaluation reserve Other unrestricted income funds				1,110,634 2,827,073		1,100,634 2,008,906
Total unrestricted funds				3,937,707		3,109,540
Total charity funds			25		3,937,707	3,109,540

				2020	2019
				E	F
Cash flows from operating		activities
Net income				819,967	476,806
Adjustments for:
Depreciation oftangible fixed assets				101,114	90,184
Other interest receivable and similar income				(9)	(34)
Interest payable and similar		charges			1,468
Accrued expenses/(income)				61,173	(9,992)
Changesin:
Stocks				(976,215)	(397,697)
Trade and other debtors				(444,974)	(100,558)
Trade and other creditors				1,573,879	168,715
Cash generated from operations				1,134,935	228,892
Interest paid					(1,468)
Interest received					34
Net cash from operating activities				1,134,944	227,458
Cash flows from investing		activities
Purchase oftangible assets				(122,467)	(107,184)
Net cash used in investing	activities			(122,467)	(107,184)
Cash flows from financing		activities
Proceeds from borrowings				435,832	31,121
Payments offinance lease	liabilities			(27,498)	(37,347)
Net cash from/(used in) financing activities				408,334	(6,226)
Net increase in cash and	cash equivalents			1,400,811	114,048
Cash and cash equivalents		at beginning	ofyear	569,418	455,370
Cash and cash equivalents		at end ofyear		1,990,229	569,418

value, o	ver the useful econo	mic life ofthat asset as follows:	mic life ofthat asset as follows:
Freehold	Property	Property improvements		are depreciated	at 5% in the
		subsidiaries.
Plant &	machinery	15%reducing	balance
Fixtures	& fittings	15%reducing	balance
Motor Vehicles		25% straight	line

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020	Funds	2019
		F		F	F
Donations
Donations		56,896	56,896	52,610	52,610
Grants
Job retention	scheme grants	11,000	11,000
		67,896	67,896	52,610	52,610

Other	trading a	ctivities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
				F		F	F
Arrow	Mill Management		Ltd	756,497	756,497	842,748	842,748
Easygift Trading		Ltd		14,257,137	14,257,137	8,456,057	8,456,057
				15,013,634	15,013,634	9,298,805	9,298,805

			Unrestricted	Funds	Unrestricted	Funds
			Funds	2020	Funds	2019
			F			F
Bank	interest	receivable	9	9	34	34

				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
				E	E		E
Easygift Trading		Ltd		13,448,676	13,448,676	8,075,856	8,075,856
Arrow	Mill Managment		Ltd	690,900	690,900	727,899	727,899
Costs	ofother trading		activities - Other	48,670	48,670
				14,188,246	14,188,246	8,803,755	8,803,755

Expenditur	e on charitable	activities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020 f	Funds	2019
Charitable	grants	53,365	53,365	48,947	48,947
Support costs		21,761	21,761	21,941	21,941
		75,126	75,126	70,888	70,888

		Activities
		undertaken	Grant	funding	Support	Total	funds	Total fund
		directly	of	activities	costs		2020	2019
Charitable	grants	8,773		44,592	1,261		54,626	48,947
Governance	costs				20,500		20,500	21,941
		8,773		44,592	21,761		75,126	70,888

				Analysis
				support costs	Total 2020	Total 2019
				E	E	F
	General office			1,261	1,261
	Governance costs			20,500	20,500	21,940
				21,761	21,761	21,940
12.	Analysis ofgrants
					2020	2019
	Grants to institutions
	Asser Bishvil Foundation				5,500	6,000
	Grants under F2,000				10,892	14,997
	Jewish High Josh CT				2,000	5,200 2,000
	JTTC					3,000
	Kolyom Trust Limited				12,200	13,750
	Tashbar					4,000
	Broom				4,000
	Maalas Hatorah				3,000
	Chernobyl				2,000
					39,592	48,947
	Grants to individuals
	Relief of Poverty				5,000
	Total grants				44,592	48,947
13.	Net income
	Net income is stated after charging/(crediting):
					2020	2019
						F
	Depreciation oftangible		fixed assets		101,114	90,184
	Operating lease rentals					167
	Foreign exchange	differences			(26,861)	(3,578)

							2020	2019
								F
Fees	payable	for the audit of		the consolidated	financial	statements	8,000	6,500
Fees	payable	to	the charity's	auditor and its associates		for other services:
Other	non-audit		services				2,000	2,000

Staff cos	ts
The total	staff costs and	employee	benefits for the reporting	period are analysed as	follows:
				2020	2019
					E
Wages and salaries				1,400,420	1,264,923
Social security costs				58,231	50,170
Employer	contributions	to pension	plans	13,333	9,467
				1,471,984	1,324,560

The average head count	The average head count	The average head count	The average head count	of employees	of employees		during	the year	was	59 (2019:54). The average	number
of full-time		equivalent	employees		during		the year is analysed			as follows:
											2019
											No.
Number	of	distribution	staff - Easygift Trading					Ltd			44
Number	of	administrative		staff -	Arrow	Mill Management			Ltd		10
											54

Tangible fixed assets
	Land and	Plant and	Fixtures and	Motor
	buildings	machinery	fittings	vehicles	Total
		E			E
Cost
At 1 January 2020	2,836,666	153,507	503,743	35,998	3,529„914
Additions	36,433	86,034			122,467
At 31 December 2020	2,873,099	239,541	503,743	35,998	3,652,381
Depreciation
At 1 January 2020	48,997	91,947	269,201	23,046	433,191
Charge for the year	16,503	79,977	1,274	3,360	101,114
At 31 December 2020	65,500	171,924	270,475	26,406	534,305
Carrying amount
At 31 December 2020	2,807,599	67,617	233,268	9,592	3,118,076
At 31 December 2019	2,787,669	61,560	234,542	12,952	3,096,723

ubsidiaries f	or the period ended	31 December	, 2020 is as detailed below:-
	Easygift Trading	Ltd	Arrow Mill Management	Ltd
Turnover	214,257,137		F765,740
Expenditure	F13,741,719		F770,858
Profit/(loss)	2515,418		(F5,109)

				2020	2019
				E	F
Raw	materials	and	consumables	3,264,118	2,287,903

Debtors
		2020	2019
		E
Trade debtors		914,395	445,497
Prepayments	and accrued income	102,218	122,342
Other debtors		6,068	9,868
		1,022,681	577,707

			2020	2019
				F
Bank loans and overdrafts			900,648	483,947
Trade creditors			1,858,208	1,114,647
Accruals and deferred	income		150,746	87,773
Social security and other taxes			531,563	281,848
Obligations under finance leases and hire purchase		contracts		27,498
Other creditors			182,252	351,056
			3,623,417	2,346,769

Credi	tors: amounts falling due after more than	one year
		2020 f	2019
Bank	loans and overdrafts	904,964	895,833
Other	creditors	929,016	179,609
		1,833,980	1,075,442

Finance leases	Finance leases	and hire	purchase contr	acts
The total future		minimum	lease payments	under finance leases and hire purchase	contracts are
as follows:
				2020	2019
					F
Not later than	1	year			27,498

Unrestri	cted	funds
			At 01				At 31
			Jan 2020	Income	Expenditure	Transfers	Dec 2020
			E	F	F	F
General	funds		2,008,906	15,081,539	(14,261,572)		2,827,073
Revaluation		reserve	1,110,634				1,110,634
			3,119,540	15,081,539	(14,261,572)		3,937„707
			At 01				At 31
			Jan 2019	Income	Expenditure	Transfers	Dec2019
			F	E		E
General	funds		1,532,100	9,351,449	(8,874,643)		2,008,906
Revaluation		reserve	1,100,634				1,100,634
			2,632,734	9,351,449	(8,874,643)		3,109,540

Analysis of net asse	ts between funds
		Unrestricted	Total Funds
		Funds	2020
Tangible fixed assets		3,118,076	3,118,076
Current assets Creditors less than 1 Creditors greater than	year 1 year	6,277,028 (3,623,417) (1,833,980)	6,277,028 (3,623,417) (1,833,980)
Net assets		3,937,707	3,937,707
		Unrestricted	Total Funds
		Funds	2019
Tangible fixed assets		3,096,723	3,096,723
Current assets Creditors less than 1 year Creditors greater than 1 year		3,435,028 (2,346,769) (1,075,442)	3,435,028 (2,346,769) (1,075,442)
Net assets		3,109,540	3,109,540

Anal	ysis ofchang	es in net debt
			At		At
			1 Jan 2020	Cash flows	31 Dec 2020
			F	E
Cash	at bank and	in hand	569,418	1,420,811	1,990,229
Debt	due within one year		(511,445)	(389,203)	(900,648)
Debt	due after one	year	(895,833)	(9,131)	(904,964)
			(837,860)	1,022,477	184,617