| Trustees' annual mport (Incorporating the dlrectoVs report) |
Trustees' annual mport (Incorporating the dlrectoVs report) |
1-0 |
|---|---|---|
| Independent auditor's report tothe members |
1046 | |
| Consolidated strrtsment of6nancial activi6es (including |
Income | |
| and expenditure account) |
16 | |
| Consolidated Statement offinancial position |
17 | |
| Statement offinancial posi6cn -Our Kids Charity | 17(a) | |
| Statement ofcash flows | 18 | |
| Notes tothe consolidated financial slatements |
||
| Notes to Our Kids Charity finendal statements |
| Reference | and administrative | and administrative | and administrative | details | ||
|---|---|---|---|---|---|---|
| Reglsbrrsd | charity | name | Our Kids | |||
| Charity registration | number | 1109158 | ||||
| Company | registration | number | 53022575 | |||
| Principal oflice and | registered | 2nd Floor Parkgates | ||||
| office | Bury New Road | |||||
| Prsstwich | ||||||
| Manchester | ||||||
| M25 OTL | ||||||
| The trustees | ||||||
| Mrs H Corn | ||||||
| Mrs H Steinberg | ||||||
| Auditor | G A Harris &Co Limited | |||||
| Chartered accountants |
&statutory | auditor | ||||
| Bruiimar House | ||||||
| Jubilee Road | ||||||
| Middleton | ||||||
| Manchester | ||||||
| England | ||||||
| M24 2LX | ||||||
| Bankers | National Westminster | Bank Pic | ||||
| PO Box12263 | ||||||
| 1 Princes Street | ||||||
| London | ||||||
| EC2R 8PH |
| Year en | ded 3'I | Decemb | er 2022 | er 2022 | |||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | |||||||
| funds | Total funds | Total funds | |||||
| Note | E | E | |||||
| Income and endowments | |||||||
| Donations and legacies | 5 | 31,910 | $1,810 | 166,581 | |||
| Other trading activities |
6 | 14,060,718 | 14,080,718 | 14,603,394 | |||
| Total Income | 14,092,628 | 14,082,828 | 14,769,975 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofother trading | activities | 7 | 13,428,064 | 1$,428,084 | 13,945,787 | ||
| Expenditure on charitable |
acbvities | 8,8 | 399,706 | $99,708 | 825,482 | ||
| Total expenditure | 13,827,770 | 1$,827,770 | 14,771,269 | ||||
| Net gains on investments | 2,875 | ||||||
| Net Income and net movement | In funds | 264,858 | 284,868 | 1,581 | |||
| Reconciliation offunds |
|||||||
| Total funds brought forward as previously |
reported | 3,968,456 | $,888~68 | 4,011,704 | |||
| Prior year adjustment | (44,829) | ||||||
| Total funds brought forward as restated |
3,968,456 | $,988,458 | 3,966,875 | ||||
| Total funds carried forward | 4,233,314 | 4,23$,$14 | 3,968,456 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | 8 | 8 | ||||
| Fixed assets | ||||||
| Tangible fixed assets Investments |
16 17 |
S,300,804 2,875 |
3,179,539 2,875 |
|||
| 3,303,6783,182,414 | ||||||
| Current assets | ||||||
| Stocks Debtors Cash at bank and in |
hand | 18 4,850,761 181,178,862 883,7$2 |
5,448,922 1,097,714 1,120,930 |
|||
| 6/$3,375 | 7,667,566 | |||||
| Creditors: amounts | faglng due within one year | 20 | 3,035,408 | 4,262,422 | ||
| Net cUrrent assets | 3,457,$86 | 3,405, 144 | ||||
| Total assets less current gabgltles | 6,761,645 | 6,567,558 | ||||
| Creditors: amounts one year |
faglng due after mors than | 21 | 2,528,331 | 2,619,102 | ||
| Net assete | 4,233,314 | 3,968,456 | ||||
| Funds ofths chartty | ||||||
| unrestricted funds: |
||||||
| Revaluation reserve Other unrestricted income funds |
1,110,634 3,122,680 |
1,110,634 2,857,622 |
||||
| Total unrestricted funds |
4,233,314 | 3,966,456 | ||||
| Total charity funds | 4,233,314 | 3,966,456 |
| Year ended 31December | 2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| R | |||
| Cash flows from operating | activities | ||
| Net income | 284,858 | 1,581 | |
| Adjustments for: |
|||
| Depreciation oftangible fixed assets |
91,212 | 12,444 | |
| Impairment oftangible fixed |
assets | 29,167 | |
| Net gains on investments | (2,875) | ||
| Interest payable and similar | charges | 121,157 | 41,763 |
| Accrued expenses/(income) | 124,208 | (27,693) | |
| Changes ink | |||
| Blocks Trade and other debtors |
798,161 (81,138) |
(2,184,604) (75,033) |
|
| Trade and other creditors | (979,182) | 712,397 | |
| Cash generated from operations |
$$9,278 | (1,493,053) | |
| Interest paid | (121,157) | (41,763) | |
| Net cash from/(used in) operating activities |
218,119 | (1,534,816) | |
| Cash flows from Investing | activities | ||
| Purchase oftangible assets Purchases ofother investments Proceeds from sale ofother Investments |
(212rl78) | (73,908) (2,875) 2,875 |
|
| Net cash used in investing activities |
(212,478) | (73,908) | |
| Cash flows from financing | activities | ||
| Proceeds from borrowlngs Payments offinance lease liabilities |
(589,89$) 127,08$ |
739,424 | |
| Net cash (used in)/from finandng activities |
(482,810) | 739,424 | |
| Net decrease In cash and cash equivalents Cash and cash equivalents at beginning ofyear |
(457,189) 1,120&9$0 |
(569,298) 1,990,226 |
|
| Cash and cash equivalents | at end ofyear | 66$,761 | 1,120,930 |
| value, over the useful econ | omic life ofthat asset as fol | omic life ofthat asset as fol | lows: |
|---|---|---|---|
| Freehold Property |
In the subsidarles | only | |
| Improvements | |||
| Plant & machinery | 15%reducing | balance | |
| 15%straight | line | ||
| Motor vehicles | 25% reducing | balance | |
| Solar panels | 5%straight line |
| Donations and legacies |
Year ended S1 Decem | ber | 2022 | ||
|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | ||
| R | |||||
| Donations | |||||
| Donations | 31,910 | 31,810 | 166,581 | 166,581 |
| Other | trading | activities | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | TotalFunds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| E | |||||||
| Arrow Mill Management Easygift Trading Ltd |
Ltd | 647,721 13,412,997 |
847,721 1spf2,'aar |
876,992 13,726,402 |
876,992 13,726,402 |
||
| 14,060,718 | 14,080,718 | 14,603,394 | 14,603,394 | ||||
| Coats | ofother | trading | activities | ||||
| Unrestricted | TotalFunds | Unrestricted | Total Funds | ||||
| Funds | 2022 f |
Funds | 2021 | ||||
| Eaygift | Trading | Ltd | 12,802,388 | 12,802,388 | 13,275,989 | 13,275,989 | |
| Arrow | Mill Management | Ltd | 625,676 | 625,678 | 669,798 | 669,798 | |
| 13,428,064 | 13,428,084 | 13,945,787 | 13,945,787 |
| Expend | iture on charitable |
activities by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Total Funda | Unrestricted | Total Funds | ||
| Funds | 2022 f |
Funds | 2021 | ||
| Charity | costs | 370,779 | 370,778 | 799,562 | 799,562 |
| Support | costs | 28,927 | 28,$27 | 25,920 | 25,920 |
| 399,706 | 3$8,708 | 825,482 | 825,482 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | |||
| directly | ofactivities | Support costs | 2022 | 2021 | ||
| 6 | ||||||
| Charity costs | 318,259 | 52,520 | sro,rra | 799,562 | ||
| Governance | costs | 28,927 | 28,$27 | 25,920 | ||
| 52,520 | 28,927 | saa,roa | 825,482 |
| Y | ear ended 31Decem | ber 2022 | |||
|---|---|---|---|---|---|
| 10. | Analysis ofgrants | ||||
| 2022 | 2021 | ||||
| 6 | 8 | ||||
| Grants to institutions | |||||
| Asser Bishvil Foundation | 5,030 | 1,000 | |||
| BCGCT Halberstadt | 4,000 | ||||
| British Friends ofRC | 4,000 | ||||
| Ohr Chodosh Tshva | 4,000 | ||||
| Tree Life Club | 4,000 | 5,875 | |||
| BeisTeflla | 3,780 | 4,570 | |||
| BeisChaya Rochel | 3,000 | ||||
| Amud Hatzdokoh Trust |
2,3$0 | ||||
| Diamond Care | 2,288 | ||||
| Ezra Care | 21200 | ||||
| Sharehomes | 2,000 | ||||
| Yeshivas Lev Smich | 2,000 | ||||
| Kolyom Trust | 1,800 | ||||
| Ahavas Chased Trust | 1,480 | ||||
| Other grants under 81,000 per institution | $,276 | 15,179 | |||
| FFH Educational Trust |
5,000 | ||||
| Freida Cope Community Centre Trust |
2,000 | ||||
| Maalas Hatorah | 3,000 | ||||
| Toimchei Shabbos | 2,700 | ||||
| 51,024 | 39,324 | ||||
| Grants to Individuals | |||||
| Relief ofpoverty 8 educational | grants | 1,496 | 10,000 | ||
| Total grants | 52,520 | 49,324 | |||
| 11. | Net gains on Investments | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| 8 | 8 | 8 | 8 | ||
| Gains/(losses) on investment |
property | 2,875 | 2,875 | ||
| 12. | Net Income | ||||
| Net income is stab@I after charging/(crediTing): | |||||
| 2022 | 2021 | ||||
| 6 | 8 | ||||
| Depreciation oftangible fixed |
assets | 91,212 | 88,022 | ||
| Foreign exchange differences | 273,255 | (29,682) |
| Auditors remuneration |
||||||||
|---|---|---|---|---|---|---|---|---|
| 2022 f |
2021 f |
|||||||
| Fees payable for the audit ofthe | consolidated | financial | statements | 9,000 | 8,580 | |||
| Fees payable to the charity's auditor and |
Its associates | for other services: | ||||||
| Audit ofthe Consolidated Financial Statements |
ofassociates | 11,500 | 8,000 | |||||
| Staffcosts | ||||||||
| The total staff costs and employee | benefits for the reporbng | period are | analysed as 2022 f |
follows: 2021 f |
||||
| Wages and salaries Social security costs |
1,202,723 ' ee',ees |
1,288,120 ' eo,'171 |
||||||
| Employer contributions to pension |
plans | 18,058 | 14,792 | |||||
| 1,287,778 | 1,363,083 | |||||||
| The average head count ofemployees | during | the year | was | 54 (2021: | 57).The average | number | ||
| offull-time equivalent employees |
during | the year is analysed | as follows: | |||||
| 2022 | 2021 | |||||||
| No. | No. | |||||||
| Number ofdistribution staff - Easygift Trading |
Ltd | 44 | 46 | |||||
| Number ofadministrative staff - Arrow Mill Management |
Ltd | 10 | 11 | |||||
| 64 | 57 |
| Tangible fixed ass | ets | |||||
|---|---|---|---|---|---|---|
| Land and | Plant and | Fixtures and | Motor User defined | |||
| buildings | machinery | fittings | vehicles | asset | Total | |
| 8 | 8 | 6 | 6 | 6 | 6 | |
| Cost | ||||||
| At 1 Jan 2022 | 2,855,689 | 293,185 | 639,844 | 31,541 | 3,820,258 | |
| Additions | 62,478 | 150,000 | 212~78 | |||
| At $1Dec 2022 | 2,855,689 | 293,185 | 702,322 | 31,541 | 150,000 | 4,0$2,7$7 |
| Depmclatlon | ||||||
| At 1 Jan 2022 | 71,602 | 221,628 | 323,034 | 24,457 | 840,721 | |
| Charge for the | ||||||
| year | 8,722 | 23,304 | 49,910 | 1,776 | 7,500 | 81,212 |
| At S1Dec2022 | 80,324 | 244,932 | 372,944 | 26,233 | 7,500 | 731,8$3 |
| Canylng amount |
||||||
| At 31Dec 2022 | 2,775,365 | 48,253 | 329,378 | 5,308 | 142,500 | $,$00,804 |
| At 31 Dec2021 | 2,784,087 | 71,557 | 316,810 | 7,084 | 3,179,538 |
| Investments | |||||
|---|---|---|---|---|---|
| Investment | |||||
| properties 8 |
|||||
| Cost orvaluation | |||||
| At 1January | 2022 and | 31December 2022 | 2,875 | ||
| Impairment At 1January |
2022 and | 31December 2022 | |||
| Carrying amount |
|||||
| At 31 December 2022 | 2,876 | ||||
| At 31 December 2021 | 2,875 | ||||
| Afi investments | shown above are held at valuation. | ||||
| gtocks | |||||
| 2022 | 2021 | ||||
| 6 | 8 | ||||
| Raw materials | and consumables | 4,860,761 | 5,448,922 | ||
| All stocks are | attributable | to the subsidiaries | ofthe charity. |
| Debtors | |||
|---|---|---|---|
| 2022 f |
2021 | ||
| Trade debtors | 661,869 | 621,662 | |
| Prepayments Other debtors |
snd accrued income | 208,02$ $08,140 | 174,743 301,309 |
| 1,178,852 | 1,097,714 |
| 2022 | 2021 | ||
|---|---|---|---|
| 8 | |||
| Bank loans and overdrafts | 1,235,841 | 1,745,458 | |
| Trade creditors | 867887 | 1,837,157 | |
| Accruals and deferred | income | 247,261 | 123,053 |
| Social security and other taxes | 57$,167 | 465,940 | |
| Obligations under finance leases and hire purchase contracts |
25,000 | ||
| Other creditors | 86,66$ | 90,814 | |
| 3,0$5,408 | 4,262,422 |
| Creditors: | amounts falling due after mors than one year |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Bank loans | and overdrafts | 719,3O2 | 799,578 |
| Obligations under finance leases and hire purchase contracts Other creditors |
102,083 1,7oe',84e |
1,819,524 | |
| 2,528,3$1 | 2,619,102 |
| Unrestricted fun |
ds | ||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | Prior year | At | ||||
| 1 Jan 2022 2 |
Income 2 |
Expenditure f |
losses E |
adjustments$1 2 |
Dec2022 6 |
||
| General funds | 2,857,822 | 14,092,628 | (13,827,770) | $,122,880 | |||
| Revaluation | |||||||
| reserve | 1,110,634 | 1,110,8$4 | |||||
| 3,968,456 | 14,092,628 | (13,827,770) | 4,2$$,$14 | ||||
| At | Gains and | Prior year | At | ||||
| 1 Jan 2021 | Income | Expenditure | losses | adjustments | 31 | Dec2021 | |
| E | 5 | 2 | 6 | 5 | |||
| General funds | 2,901,070 | 14,769,975 | (14,771,269) | 2,875 | (44,829) | 2,857,822 | |
| Revaluation | |||||||
| resolve | 1,110,634 | 1,110,634 | |||||
| 4,011,704 | 14,769,975 | (14,771,269) | 2,875 | (44,829) | 3,968,456 |
| Analysis ofnet as | se | ts between funds | ||
|---|---|---|---|---|
| Unrestricted | TotslFunds | |||
| Funds f |
2022 | |||
| Tangible fixed assets | 3,300,804 | $,$00,804 | ||
| Investments | 2,875 | 2,875 | ||
| Current assets | 6,493,375 | BW$,$75 | ||
| Creditors less than | 1 | year | (3,035,409) | ($,035,408) |
| Creditors greater than | 1year | (2,528,331) | (2,528,$$1) | |
| Net assels | 4,233,314 | 4,2$$,$14 | ||
| Unrestricted | Total Funds | |||
| Funds | 2021 | |||
| Tangible fixed assets | 3,179,539 | 3,179,539 | ||
| Investments | 2,875 | 2,875 | ||
| Current assets | 7,667,566 | 7,667,566 | ||
| Creditors less than | 1 | year | (4,262,422) | (4,262,422) |
| Creditors greater than | 1year | (2,619,102) | (2,619,102) | |
| 3,968,456 | 3,968,456 |
| Tangible assels | |||||
|---|---|---|---|---|---|
| Freehold | Piantand | Fixtures, | Solar Panels | Total | |
| property | machinery | fittings and | |||
| equipment | |||||
| 8 | |||||
| Cost | |||||
| At 1 January 2022 | 2,782,287 | 104,587 | 40,310 | 2,907,164 | |
| AddiTions | 150,000 | 150,000 | |||
| At$1December 2022 | 2,762,267 | 104,587 | 40,310 | 150,000 | 3,057,164 |
| Depreciation | |||||
| At 1 January 2022 | 67,635 | 34,172 | 101,807 | ||
| Charge forthe year | 5,543 | 921 | 6,464 | ||
| At31December 2022 | 73,178 | 35,093 | 108,271 | ||
| Canylng amount |
|||||
| At31December 2022 | 2,762,267 | 31,409 | 5,217 | 150,000 | 2,948,893 |
| At31 December 2021 | 2,762,267 | 36,952 | 6,138 | 2,805,357 |
| Invesbnents | |||
|---|---|---|---|
| Shares in |
Other | Total | |
| group | investments | ||
| undertakings | other than | ||
| loans | |||
| Cost | |||
| At 1 January 2022 | 850,002 | 2,875 | 852,877 |
| Additions | 250,000 | 250,000 | |
| At$1December 2022 | 1,100,002 | 2,875 | 1,102,877 |
| Impairment | |||
| At 1January 2022and $1December 2022 | |||
| Carrying amount |
|||
| At$1December 2022 | 1,100,002 | 2,875 | 1,102,877 |
| At 31 December 2021 | 850,002 | 2,875 | 852,877 |
| $1. | Debtors | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 6 | 8 | ||||
| Amounts owed by group undertakings |
248,538 | 115,538 | |||
| Prepayments | and accrued income | 3,548 | |||
| Other debtors | 308,140 | 342,440 | |||
| 560,226 | 457,978 | ||||
| $2. | Creditors: amounts | faglng due within one year | |||
| 2022 | 2021 | ||||
| 8 | |||||
| Bank loans | and overdrafls | 98,000 | 108,081 | ||
| Accruals and deferred | income | 20,124 | 23,220 | ||
| Obfigations | under finance leases | 25,000 | |||
| Other creditors | 38,000 | 36,000 | |||
| 179,124 | 185,301 |
| Creditors: | amounts faglng due after more than one y |
ear | |
|---|---|---|---|
| 2022 | 2021 | ||
| 6 | 5 | ||
| Bank loans | and overdrafts | 684,144 | 764,596 |
| Obligations | under finance leases | 102,083 | |
| Other creditors | 533,177 | 542,501 | |
| 1,319,404 | 1,307,097 |
| The total futu | re minimum | lease payments under finance lease |
agreements are as follows: |
|
|---|---|---|---|---|
| 2022 | 2021 | |||
| 8 | 8 | |||
| Nct later than | 1year | 25,000 | ||
| Later than 1year and not | later than 5years | 102,083 | ||
| 127,083 | ||||
| Present value | ofminimum | lease payments | 127,083 |