The Minyan
Report and Financial Statements For the year ended 31 December 2021
Company Number: 05603904
The Minyan (Limited by Guarantee)
Annual report and financial statements for the year ended 31 December 2021
Contents
Page:
| 1 | Report of the trustees |
|---|---|
| 3 | Independent Examiner’s Report |
| 4 | Statement of financial activities |
| 5 | Balance sheet |
| 6 | Statement of cash flows |
| 7 | Notes forming part of the financial statements |
Trustees
B Iczkovits U Neufeld
Secretary and registered office
R Brayam, 20 Highcroft Gardens, London, NW11 0LX
Company number
5603904
Charity number
1113311
Bankers
Barclays Bank Plc, Marble Arch Branch, PO Box 32016, London, NW1 2ZH
The Minyan (Limited by Guarantee)
Report of the trustees for the year ended 31 December 2021
The trustees present their report and the unaudited financial statements for the year ended 31 December 2021.
Reference and administrative information
The Minyan is a company limited by guarantee and is a registered charity governed by its memorandum and articles of association. The company was registered on 26 October 2005 and began its charitable activities on 12 January 2006. The Charity is registered with the Charity Commission in England and Wales with Charity number 1113311. The Company number is 5603904.
The charity is also known as the following: The Minyan, Kehillas Ohel Moshe and Torah Way. The main operating address of the charity is: 100-102 Leeside Crescent, London, NW11 0LA and the company's registered office is: 20 Highcroft Gardens, London, NW11 0LX.
The objects of the charity are to promote the Orthodox Jewish religion and in particular to maintain a synagogue providing facilities for prayers, religious worship and religious studies.
Board of Trustees
The directors of the charitable company are its trustees for the purposes of Charity Law and the Companies Act and throughout this report are collectively referred to as the trustees.
The trustees of the company were:
B Iczkovits U Neufeld
Trustees and other members of the management committee are appointed by members of Kehillas Ohel Moshe.
Public benefit, objectives, activities, achievements and performance
The charity was formed to promote the Orthodox Jewish religion, through the provision of synagogue services and religious education. During the year under review, membership of Kehillas Ohel Moshe – the working name of the synagogue, increased to 100. Charitable appeals are held from time to time in order to raise funds to cover ongoing discretionary expenditure.
The Start your Day the Torah Way program provided daily lectures presented by guest speakers from across the globe. These lectures are well attended by local residents and members. The trustees look forward to the program’s continued success in the forthcoming years. These activities undertaken by the charity provided public benefit.
The charity will continue to provide these and similar services in the coming years. The management committee would like to take this opportunity to thank all of the generous donors throughout the year, as without their support, the charity’s projects would not have been possible.
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity’s aims and objectives and in planning future activities.
Risk management
The trustees monitor cash flows to ensure that there are sufficient funds to cover the ongoing costs of running the charity's premises and associated costs of providing programmes as part of the objects of the charity.
They do not consider that there are any other specific risks attached to the running of the charity that call for action to be taken.
Reserves policy
The current distribution policy of the trustees is to distribute liquid reserves in furtherance of the objects of the charity. A reasonable cash balance is maintained to meet the charity's expenses as they fall due.
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The Minyan (Limited by Guarantee)
Report of the trustees for the year ended 31 December 2021 (continued)
Distribution policy
The charity's distribution policy is to avail the intended beneficiaries of funds according to the objects of the charity as soon as they are in hand.
Investment policy
There is a policy to invest as and when appropriate in order to achieve sufficient income to be able to support the charity's objects.
Financial review
The primary source of income of the charity the amounts received from membership and the amounts received from renting 100 and 102 Leeside Crescent. Income was also generated through voluntary donations from members. Voluntary donations of £183,461 were made to the charities unrestricted funds and £144,447 to restricted funds during the year.
At the end of the financial period the charity's unrestricted reserves were £887,894, a decrease of £34,392 since the previous year. The charity's restricted reserves were £55,697, a decrease of £7,835 since the previous year.
The charity's bank balances were £77,226, a decrease of £31,747 since the previous year. This amount included cash balance of £20,908 relating to unrestricted funds and £56,318 relating to restricted funds.
None of the charities funds were materially in deficit at the end of the financial period.
The trustees do not consider there to be any uncertainties about the charity's ability to continue as a going concern.
Trustees' responsibilities
The charity trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources, including the income and expenditure of the company for that year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures
-
● disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
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● company will continue on that basis.
This report has been prepared in accordance with the provisions applicable to small companies entitled to the small companies exemption.
On behalf of the Board
Director
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The Mlnyan Iumlied by Guararteel Ind&rdent Examlns Report to thè Trttstaes of Thtr (Limbttrd by Guarantètrl I report to the trustee5 00 the accounts of Th& Minyan lirnited by Guarantee), carty nuftkner. 1113311 cJ)nyny number". 5603904 forthe year eTh1ed 31 DetrrTthr2021. Wh are sd out on pages 4 to 13. Responsi1Mlii and basis of rEPryt A5 the chanws trustees ofthe Company (W are the dyedors of conyany forthe pu¥poses of company Lgwl. you are responsib ftjr the preparation of the H(Lounts in a(x(xdan¢x requirwEnts of CornpanEs Ad 2006 I'lhe 2006 Acf) and the ChWit$ Act 2011 fthe 2011 Adl. Having satKsfEd mysem that acts)unts of ts Company are not tequir81 to b2 audited fi)r this year under Part 16 of tIE 2006 Ad and are eljb ft>r indEperxJent exatnination. I rpp)tt in resped of try exarnIna of your chat15 accounts 8s carrEd out under sethon 145 of Charrts A(x 2011 llh2 2011 A. In Ca out rrry exatrynatK)n. I have folky th2 thre¢tnS gThfen by the Chattiy c(Xnmin luTrJersecion 145(5llbl of X511 A IndgpgndBnt 9xamir5 Statwngrt The wnpanls gross incoryE exce £2.( and I quaIrfj to undert8k8 th8 examinaih)n by W a qua4ftt member ofthe Inslrtute ofchartered Acojuntsnts i EffjLqnd aThJ Was. I have comp examintit. l (x)nfirm th rnatwwl tter5 have c4)rrE to my attent#)n whith gwe5 rre cause to belwe thatr. accounting records re not kept in attordanc&h secw)n 130 of the CharthsAd 2011." or the arLounts do not a(xord such records. or a¢(x)unts do not rekvant accountsy TequirerrErts urHJer section 3% of the CoMpanS Act 2006 other than any requrynent that the accounts gwe a and fair whKh is not a matter considered as part of an inderndent examHiabon." ¢x the accounts have notbeen prepared in aOx¥dar with the Charthes SORP IFRS1021. I have no concems and have coft afXOSS rKI other mattels in rx)nneclK)n with the examinatA)n to attentKJn sh(xJkl drawn in th report in or¢Jer lo enab a prwer urth5tandiro of ts a¢xounts to be reathed. ry. L/L Micha81 we5Un FCA Michael. Pasha & Co Chartered AG¢4xJntants 220 ThE Va. LoJKlon. NW11 8SR
The Minyan (Limited by Guarantee)
Statement of financial activities (including income and expenditure account) for the year ended 31 December 2021
| Note Income Income from donations Donations 2 Income from charitable activities: Rental income Interest receivable and similar income Total Income Expenditure Costs of raising funds 3 Cost of charitable activities 3 Other costs 3 3 Interest payable 4 Total expenditure Net (expenditure)/income Gross transfers between funds Net movement in funds during the year Total funds brought forward Total funds carried forward |
Unrestricted funds £ 183,461 12,860 1,532 197,853 2,888 118,266 88,616 209,770 29,675 239,445 (41,592) 7,200 (34,392) 922,286 887,894 |
Restricted funds £ 144,447 - 1 144,448 6,388 137,291 1,404 145,083 - 145,083 (635) (7,200) (7,835) 63,532 55,697 |
2021 Total £ 327,908 12,860 1,533 342,301 9,276 255,557 90,020 354,853 29,675 384,528 (42,227) - (42,227) 985,818 943,591 |
2020 Total £ 294,930 21,140 126 |
|---|---|---|---|---|
| 316,196 | ||||
| 12,448 164,418 84,160 |
||||
| 261,026 31,373 |
||||
| 292,399 | ||||
| 23,797 - |
||||
| 23,797 962,021 |
||||
| 985,818 |
The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.
The notes on pages 7 to 13 form part of these financial statements.
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The Minyan (Limited by Guarantee)
Balance sheet at 31 December 2021
| Note Fixed assets Tangible fixed assets 7 Current assets Debtors 8 Cash at bank Creditors: amounts falling due within one year 9 Net current (liabilities)/assets Total assets less current liabilities Creditors: amounts falling due after more than one year 10 Net assets Unrestricted funds General funds 11 Restricted funds 11 Total funds 12 |
£ £ 1,492,639 31,304 77,226 108,530 (21,673) 86,857 1,579,496 (635,905) 943,591 887,894 55,697 943,591 2021 |
£ £ 1,526,731 13,480 108,973 122,453 (10,466) 111,987 1,638,718 (652,900) 985,818 922,286 63,532 985,818 2020 |
£ £ 1,526,731 13,480 108,973 122,453 (10,466) 111,987 1,638,718 (652,900) 985,818 922,286 63,532 985,818 2020 |
|---|---|---|---|
| 1,638,718 (652,900) |
|||
| 985,818 | |||
| 922,286 63,532 |
|||
| 985,818 |
For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Approved by the trustees on and signed on their behalf by:
Director
The notes on pages 7 to 13 form part of these financial statements.
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The Minyan (Limited by Guarantee)
Statement of cash flows for the year ended 31 December 2021
| Note £ £ Cash (used in)/provided by operating activities 15 (25,960) Cash flows from investing activities Interest income 1,533 Purchase of tangible fixed assets - Cash provided by/(used in) investing activities 1,533 Cash flows from financing activites Repayments of borrowing (7,320) Cash inflows from new borrowing - Cash used in finance activities (7,320) (Decrease)/increase in cash and cash equivalents in the year (31,747) Cash and cash equivalents at the beginning of the year 108,973 Cash and cash equivalents at the end of the year 77,226 2021 |
£ £ 50,917 126 (2,281) (2,155) (50,951) 50,000 (951) 47,811 61,162 108,973 2020 |
£ £ 50,917 126 (2,281) (2,155) (50,951) 50,000 (951) 47,811 61,162 108,973 2020 |
|---|---|---|
| 47,811 61,162 |
||
| 108,973 |
The notes on pages 7 to 13 form part of these financial statements.
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The Minyan (Limited by Guarantee)
Notes forming part of the financial statements for the year ended 31 December 2021
1 Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
(a) Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Chairties Act 2011 and the Companies Act 2006.
The company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
(b) Going concern
The trustees do not consider there to be any uncertainties about the charity's ability to continue as a going concern.
(c) Company status
The charity is a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.
(d) Fund accounting
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Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
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Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(e) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Receipts from membership and other donations relating to the main charitable activities of the charity are considered a gift to the charity and are recognised when they are received. Income from voluntary donations and appeals is also normally recognised only when received. Membership donations paid in advanced are not deferred.
Rental income and interest on funds held on deposit are included when receivable and the amount can be measured reliably by the charity.
(f) Donated goods, facilities and services
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time of members is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the same period.
(g) Taxation
The charity is exempt from tax on its charitable activities.
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The Minyan (Limited by Guarantee)
Notes forming part of the financial statements for the year ended 31 December 2021
1 Accounting policies (continued)
- (h) Volunteers
General volunteers assisted with the day-to-day running of the charity. This included managing the charity's premises, finances and fundraising efforts. The synagogue services and regular lectures were also provided and coordinated by volunteers.
(i) Resources expended
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Costs of raising funds comprise the costs associated with attracting voluntary income.
Cost of charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Other costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accounting fees and costs linked to the strategic management of the charity.
(j) Tangible fixed assets
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost, less estimated residual values, all fixed assets except freehold land, over their expected useful lives. It is calculated at the following rates:
- Buildings 2% per annum straight line basis - Equipment and fittings 25% per annum straight line basis
(k) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
(l) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
- (m) Financial instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Finance costs are charged to profit over the term of the debt so that the amount charged is at a constant rate on the carrying amount.
Finance costs include issue costs, which are initially recognised as a reduction in the proceeds of the associated capital instrument.
- (n) Concessionary loans
Concessionary loans are those loans made or received by the charity to further its purposes and any interest charged is below the prevailing market rates.
Concessionary loans are initially recognised and measured at the amount received or paid, with the carrying amount adjusted in subsequent years to reflect repayments and any accrued interest and adjusted if necessary for any impairment.
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The Minyan (Limited by Guarantee)
Notes forming part of the financial statements for the year ended 31 December 2021 (continued)
2 Donations
| Donations | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | |
| funds | funds | Total | Total | |
| £ | £ | £ | £ | |
| Total donations | 183,461 | 144,447 | 327,908 | 294,930 |
| 3 Charitable activities Costs of raising funds Advertising Travel Cost of charitable activities Consultancy costs Wages and staff costs General expediture Insurance Light and heat Phone Rent and rates Water Grants payable (note 14) Other costs Professional fees Bank charges Depreciation Bad debts Repairs and maintenance Total |
Unrestricted funds £ 2,213 675 5,375 38,580 63,716 3,394 5,182 546 - 1,473 - 1,128 529 34,092 - 52,867 209,770 |
Restricted funds £ 6,388 - - - 439 - - - - - 136,852 500 4 - - 900 145,083 |
2021 Total £ 8,601 675 5,375 38,580 64,155 3,394 5,182 546 - 1,473 136,852 1,628 533 34,092 - 53,767 354,853 |
2020 Total £ 12,160 288 26,722 25,483 34,560 3,058 3,553 710 387 1,850 68,095 4,266 482 34,286 7 45,119 |
|---|---|---|---|---|
| 261,026 |
- 4 Interest payable
Interest on bank loans
| 2021 | 2020 |
|---|---|
| £ | £ |
| 29,675 | 31,373 |
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The Minyan (Limited by Guarantee)
Notes forming part of the financial statements for the year ended 31 December 2021 (continued)
| 5 Net incoming resources for the year This is stated after charging: Depreciation 6 Staff costs The average monthly number of employees during the year was as follows: No employee received remuneration of more than £60,000 during the year. 7 Tangible fixed assets Cost At 1 January 2021 At 31 December 2021 Depreciation At 1 January 2021 Provided for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 8 Debtors Other debtors |
Land and £ 1,825,560 1,825,560 307,364 25,557 332,921 1,492,639 1,518,196 |
2021 £ 34,092 2021 3 Fittings and £ 68,950 68,950 60,415 8,535 68,950 - 8,535 2021 £ 31,304 |
2020 £ 34,286 |
|---|---|---|---|
| 2020 3 |
|||
| Total £ 1,894,510 |
|||
| 1,894,510 | |||
| 367,779 34,092 |
|||
| 401,871 | |||
| 1,492,639 | |||
| 1,526,731 | |||
| 2020 £ 13,480 |
Receipts from membership and other donations relating to the main charitable activities of the charity are recognised when they are received. Amounts that had been pledged but not yet received by the charity were approximately £105,969 (2020 - £80,626).
All amounts shown under debtors fall due for payment within one year.
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The Minyan (Limited by Guarantee)
Notes forming part of the financial statements for the year ended 31 December 2021 (continued)
9 Creditors: amounts falling due within one year
| Other creditors Taxation and social security Bank loans <1yr Creditors: amounts falling due after one year Bank loans (secured) Concessionary loans The loans fall due for repayment as follows: 1 – 2 years 2 – 5 years More than 5 years Total |
2021 Total £ 11,515 158 10,000 21,673 2021 Total £ 615,905 20,000 635,905 £ 10,000 25,833 600,072 635,905 |
2020 Total £ 10,110 356 - |
|---|---|---|
| 10,466 | ||
| 2020 Total £ 632,900 20,000 |
||
| 652,900 | ||
| £ | ||
| - 50,000 602,900 |
||
| 652,900 |
10 Creditors: amounts falling due after one year
The bank loan is secured on the charity’s assets and bears interest at 1.2% above base rate. The amount shown above of £615,905 (2020 - £632,900) represents a gross loan of £617,855 (2020 - £635,175) less unamortised finance costs of £1,950 (2020 - £2,275).
The concessionary loans due in less than one year and in more than one year are not secured on any of the charity’s assets and bear no interest.
11 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Creditors falling due in more than one year Net assets at 31 December 2021 |
Unrestricted funds £ 1,492,639 32,266 (21,106) (615,905) 887,894 |
Restricted funds £ - 76,264 (567) (20,000) 55,697 |
Total £ 1,492,639 108,530 (21,673) (635,905) |
|---|---|---|---|
| 943,591 |
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The Minyan (Limited by Guarantee)
Notes forming part of the financial statements for the year ended 31 December 2021 (continued)
| 12 Movements in funds Restricted funds Building fund The Kehillas Ohel Moshe Gemach Start your Day the Torah Way – NW London Gemilus Chesed Fund Adopt-a-kollel Other funds Total restricted funds Unrestricted funds General funds Total funds |
Balance at 1 January 2021 £ 12,710 9,875 1,316 16,503 268 22,860 63,532 922,286 985,818 |
Incoming resources £ 1,051 - 7,224 3,538 11,731 120,904 144,448 197,853 342,301 |
Outgoing resources £ (500) - (6,418) - (11,450) (126,715) (145,083) (239,445) (384,528) |
Transfers £ - - (213) - 213 (7,200) (7,200) 7,200 - |
Balance at 31 December 2021 £ 13,261 9,875 1,909 20,041 762 9,849 |
|---|---|---|---|---|---|
| 55,697 887,894 |
|||||
| 943,591 |
Building fund: The fund is used to finance the purchase of the charity’s properties and any major building works. Any surplus funds are released to general funds on completion of the specific project.
The Kehillas Ohel Moshe Gemach: This fund provides short-term interest-free loans for individuals meeting the relevant criteria.
Start your day the Torah Way – NW London: This fund provides daily and weekly lectures for the benefit of anyone within the local community.
Gemilus Chesed Fund: The fund provides funds for members of the community who require financial assistance when making a simcha.
Adopt-a-kollel: The shul's collections and contributions to Adopt-a-kollel.
Other funds: Funds within this category are raised on an ad-hoc basis for specific causes to which the charity wishes to makes grants.
13 Statement of financial activities for the year ended 31 December 2020
| Income from donations Income from charitable activities Total income Costs of raising funds Cost of charitable activities Other costs Total expenditure Net income Gross transfers between funds Net movement in funds during the year Total funds brought forward Total funds carried forward |
Unrestricted funds £ 177,456 21,237 198,693 1,484 94,207 107,514 203,205 (4,512) 1,182 (3,330) 925,616 922,286 |
Restricted funds £ 117,474 29 117,503 10,964 70,211 8,019 89,194 28,309 (1,182) 27,127 36,405 63,532 |
2020 Total £ 294,930 21,266 |
|---|---|---|---|
| 316,196 | |||
| 12,448 164,418 115,533 |
|||
| 292,399 | |||
| 23,797 - |
|||
| 23,797 962,021 |
|||
| 985,818 |
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The Minyan (Limited by Guarantee)
Notes forming part of the financial statements for the year ended 31 December 2021 (continued)
14 Grants payable
| Restricted funds Kehillas Ohel Moshe Youth Chabura Gemilus Chesed Fund Adopt-a-kollel Other funds Restricted funds Total funds |
Grants to institutions £ - - 11,450 840 12,290 12,290 |
Grants to individuals £ - - - 124,562 124,562 124,562 |
2021 Total £ - - 11,450 125,402 136,852 136,852 |
2020 Total £ 307 1,510 7,600 58,678 |
|---|---|---|---|---|
| 68,095 | ||||
| 68,095 |
The grants made under the Adopt-a-kollel fund were paid to Kollel Meor Hatorah in Jerusalem to support their programmes. For more details see www.adoptakollel.org.
The charity did not make any material grants to any other institution during the current or prior year.
15 Cash (used in)/generated by operating activities
| Net movement in funds Add back depreciation charge Add back amortisation of loan costs Deduct interest income shown in investing activities (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash (used in)/generated by operating activities |
2021 Total £ (42,227) 34,092 325 (1,533) (17,824) 1,207 (25,960) |
2020 Total £ 23,797 34,286 325 (126) 516 (7,881) |
|---|---|---|
| 50,917 |
16 Transactions with trustees and connected persons
None of the trustees received any remuneration or other benefits for their services to the charity. No trustee has claimed any expenses or had their expenses met by the charity other than the reimbursement of out-of-pocket expenses where the trustee has acted as agent for the charity.
17 Legal form of the Charity
The charity is a company limited by guarantee and is governed by its memorandum and articles of association. The company is incorporated in England and Wales. The main operating address of the charity is: 100-102 Leeside Crescent, London, NW11 0LA and the company's registered office is: 20 Highcroft Gardens, London, NW11 0LX.
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