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|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|||
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|||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|
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|||||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|
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||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|
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|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|||
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|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|
##
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|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|
##
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||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)|
##
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|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|
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|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.|||
##
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|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|
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|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$$,$14|
||At|||Gains and|Prior year||At|
||1 Jan 2021|Income|Expenditure|losses|adjustments|31|Dec2021|
||E|5|2|6|5|||
|General funds|2,901,070|14,769,975|(14,771,269)|2,875|(44,829)||2,857,822|
|Revaluation||||||||
|resolve|1,110,634||||||1,110,634|
||4,011,704|14,769,975|(14,771,269)|2,875|(44,829)||3,968,456|
##
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##
|Analysis ofnet as|se|ts between funds|||
|---|---|---|---|---|
||||Unrestricted|TotslFunds|
||||Funds
f|2022|
|Tangible fixed assets|||3,300,804|$,$00,804|
|Investments|||2,875|2,875|
|Current assets|||6,493,375|BW$,$75|
|Creditors less than|1|year|(3,035,409)|($,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|
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|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|
##
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|$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|
##
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|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||
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