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|||||||Page|
|---|---|---|---|---|---|---|
|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|
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|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|||
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|||||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|
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||||||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|
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|||||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|
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|||||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|
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|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|||
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|||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|
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|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|
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||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|
||||Funds||2020|Funds||2019|
||||F|||||F|
|Bank|interest|receivable|9||9|34||34|
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|||||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|
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|||||Analysis|of|||
|---|---|---|---|---|---|---|---|
|||||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)|
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||||||||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|
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|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)||
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|||||2020|2019|
|---|---|---|---|---|---|
|||||E|F|
|Raw|materials|and|consumables|3,264,118|2,287,903|
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|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|
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||||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|
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|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|
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|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|
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