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← Friends Of Bnei Akiva (Bachad)

2023-09-30-accounts

Page
Trustees'
annual
report (incorporating		 the director's report)
Independent
examiner's
report to the		 trustees
Statement
offinancial activities (including		 income and
expenditure
account)
Statement
offinancial
position
Statement ofcash flows
Notes to the financial statements 10

Registered charity name name Friends of Bnei Akiva (Bachad)
Charity registration number 1109706
Company registration number 05373032
Principal office and registered 2 Hallswelle
Road
office London
NW11 ODJ
The trustees
Mr SBlumgart
Mr M Weinstein
Mr SMelnick
Independent examiner P P Smulovitch
Hallswelle
House
1 Hallswelle
Road
London
England
NW11 ODH

Year ended 30Septemb er 2023 er 2023
2023 2022
Unrestricted
funds Total funds Total funds
Note 6
Income and endowments
Donations
and legacies		 5 182,619 182,619 520,757
Other income 6 20,975 20,975 21,720
Total income 203,594 203,594 542,477
Expenditure
Expenditure
on raising funds:
Costs of raising donations and legacies 7 24,796 24,796 16,505
Expenditure
on charitable		 activities 8 361,148 361,148 413,894
Total expenditure 385,944 385,944 430,399
Net(expenditure)/income and net movement in funds (182,350) (182,350) 112,078
Reconciliation
offunds
Total funds brought
forward		 2,317,825 2,317,825 2,205,747
Total funds carried forward 2,135,475 2,135,475 2,317,825

Statement ofFinancial Po
30September 2023		 sition
2023 2022
Note
Fixed assets
Tangible fixed assets 13 2,740,669 2,741,988
Current assets
Debtors 14 18,758 78,639
Cash at bank and in hand 42,482 64,042
61,240 142,681
Creditors: amounts
falling due within one year		 15 196,369 196,779
Net current liabilities 135,129 54,098
Total assets less current liabilities 2,605,540 2,687,890
Creditors: amounts
falling due after more than one year		 16 470,065 370,065
Net assets 2,135,475 2,317,825
Funds ofthe charity
Unrestricted
funds:
Revaluation
reserve		 1,081,488 1,081,488
Other unrestricted income funds 1,053,987 1,236,337
Total unrestricted
funds		 2,135,475 2,317,825
Total charity funds 17 2,135,475 2,317,825

2023 2022
Cash flows from operating activities
Net (expenditure)/income (182,350) 112,078
Adjustments
for:
Depreciation
oftangible fixed		 assets 1,319 1,405
Changesin:
Trade and other debtors 59,881 (75,787)
Trade and other creditors 99,590 (5,077)
Cash generated
from operations		 (21,560) 32,619
Net cash (used in)/from
operating
activities		 (21,560) 32,619
Net (decrease)/increase
in		 cash and cash equivalents (21,560) 32,619
Cash and cash equivalents at beginning ofyear 64,042 31,423
Cash and cash equivalents at end ofyear 42,482 64,042

5. exceeding
Donations		 F10.
and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
F. F F
Donations
Donations and covenants 174,904 174,904 485,181 485,181
Other rental and hall hire 6,782 6,782 4,333 4,333
Events and appeals 933 933 .4,843 4,843
Building donation 26,400 26,400
182,619 182,619 520,757 520,757
6. Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
F 6 K F
Rents received 20,975 20,975 21,720 21,720

Unrestricted Unrestricted Total Funds Unrestricted Total Funds
Funds 2023
E		 Funds
f		 2022
Costs of raising donations and legacies
-Donations 24,796 24,796 16,505 16,505
8. Expenditure on charitable activities by fund type
Unrestricted TotalFunds Unrestricted Total Funds
Funds 2023 Funds 2022
Grants paid 245,219 245,219 287,810 287,810
Support costs 115,929 115,929 126,084 126,084
361,148 361,148 413,894 413,894
9. Analysis of support costs
Analysis of
Support costs
f		 Total 2023 Total 2022
Premises 90,817 90,817 99,801
General office 20,126 20,126 21,024
Governance costs 4,986 4,986 5,259
115,929 115,929 126,084
10. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2023 2022
Depreciation oftangible fixed assets 1,319 1,405
11. Independent examination fees
2023 2022
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 3,360 3,360

13. Tangible fixed asset s
Land and
buildings Equipment Torah scrolls Total
E E
Cost
At 1 October 2022 and
30September 2023 2,700,000 29,047 48,665 2,777,712
Depreciation
At 1 October 2022 27,317 8,407 35,724
Charge for the year 346 973 1,319
At 30September 2023 27,663 9,380 37,043
Carrying
amount
At 30September 2023 2,700,000 1,384 39,285 2,740,669
At 30September 2022 2,700,000 1,730 40,258 2,741,988
14. Debtors
2023 2022
E E
Trade debtors 6,628 30,203
Tax on 9if aid 12,130 22,213
Other debtors 26,223
18,758 78,639
15. Creditors: amounts falling due within one year
2023 2022
E E
Accruals and deferred income 3,360 3,360
Other creditors 193,009 193,419
196,369 196,779
Credi tors: amounts
falling due after more		 than one year
2023 2022
E
Other creditors 470,065 370,065

Unrestricted funds
At At
1 October 202 30Septembe
2 Income Expenditure r2023
5 6 r
Unrestricted Fund - General Fund 1,236,337 203,594 (385,944) 1,053,987
Revaluation reserve 1,081,488 1,081,488
2,317,825 203,594 (385,944) 2,135,475
At At
1 October 202 30September
f 1 Income
F		 Expenditure 2022
Unrestricted Fund - General Fund 1,124,259 542,477 (430,399) 1,236,337
Revaluation reserve 1,081,488 1,081,488
2,205,747 542,477 (430,399) 2,317,825
18. Analysis of net assets between funds
Unrestricted Total Funds
Funds 2023
6
Tangible fixed assets 2,740,669 2,740,669
Current assets 61,240 61,240
Creditors less than 1 year (196,369) (196,369)
Creditors greater than 1 year (470,065) (470,065)
Net assets 2,135,475 2,135,475
Unrestricted Total Funds
Funds
f		 2022
Tangible fixed assets 2,741,988 2,741,988
Current assets 142,681 142,681
Creditors less than 1 year (196,779) (196,779)
Creditors greater than 1 year (370,065) (370,065)
Net assets 2,317,825 2,317,825
19. Analysis of changes in net debt
At
At 1 Oct2022 Cash flows 30Sep 2023
6 F 6
Cash at bank and in hand 64,042 (21,560) 42,482