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|---|---|---|---|---|---|
|Trustees' Annual Report (Incorporating|||the|Director's Report)||
|Independent
Auditor's|Report to|the Members||||
|Statement ofFinancial|Activities|(including||Income and Expenditure||
|Account)||||||
|Statement ofFinancial|Position||||12|
|Statement ofCash Flows|||||13|
|Notes to the Financial|Statements||||14|
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||||2021|2021|2020|
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|Total funds|Total funds|
|||Note||||
|Income and endowments||||||
|Donations
and legacies
Investment
income||5
6|2,384,441
44,601|2,384,441
44,601|3,263,092
39,668|
|Total income|||2,429,042|2,429,042|3,302,760|
|Expenditure||||||
|Expenditure
on raising funds:
Costs ofother trading activities||7|(1,180)|(1,180)|(6,802)|
|Expenditure
on charitable|activities|8,9|(2,134,415)|(2,134,415)|(3,348,186)|
|Total expenditure|||(2,135,595)|(2,135,595)|(3,354,988)|
|Net income/(expenditure)|and net movement|in funds|293,447|293,447|(52,228)|
|Reconciliation
offunds||||||
|Total funds brought forward|||1,179,582|1,179,582|1,231,810|
|Total funds carried forward|||1,473,029|1,473,029|1,179,582|
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||||2021||2020||
|---|---|---|---|---|---|---|
|||Note|||||
|FIXEDASSETS|||||||
|Tangible fixed assets||15||1,604,539||1,537,055|
|CURRENT ASSETS|||||||
|Debtors||16|94,915||163,920||
|Cash at bank and in hand|||670,537||39,698||
||||765,452||203,618||
|CREDITORS: amounts|falling due||||||
|within
one year||18|(604,306)||(41,455)||
|NET CURRENT ASSETS||||161,146||162,163|
|TOTAL ASSETSLESS CURRENT|||||||
|LIABILITIES||||1,765,685||1,699,218|
|CREDITORS: amounts
after more than one year|falling due|19||(292,656)||(519,636)|
|NET ASSETS||||1,473,029||1,179,582|
|FUNDS OFTHE CHARITY|||||||
|Unrestricted
funds||||1,473,029||1,179,582|
|Total charity funds||20||1,473,029||1,179,582|
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|YEA|R ENDED 30JUNK|2021|||
|---|---|---|---|---|
||||2021|2020|
|||Note|||
|CASH FLOWS FROM OPERATING ACTIVITIES|||||
|Net income/(expenditure)|||293,447|(52,228)|
|Adjustments for:
Depreciation oftangible fixed assets
Investment
income|||11,352
(44,601)|6,502
(39,668)|
|Interest payable
and similar charges
Accrued (income)/expenses|||11,286
(1,680)|14,055
6,480|
|Changes in:
Trade and other debtors|||69,500|(99,290)|
|Trade and other creditors|||396|2,110|
|Cash generated
from operations|||339,700|(162,039)|
|Net cash from/(used
in) operating
activities|||339,700|(162,039)|
|CASH FLOWS FROM INVESTING|ACTIVITIES||||
|Purchase oftangible
assets
Rent received|||(78,836)
42,279|(142,721)
26,848|
|Net cash used in investing
activities|||(36,557)|(115,873)|
|CASH FLOWS FROM FINANCING|ACTIVITIES||||
|Proceeds from borrowings|||350,000||
|Repayments
ofborrowings
Interest paid|I||(10,163)
(11,286)|(26,002)
(14,055)|
|Net cash from/(used
in) financing
activities|||328,551|(40,057)|
|NET INCREASE/(DECREASE)
IN CASH AND CASH
EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF||YEAR|631,694
38,843|(317,969)
356,812|
|CASH AND CASH EQUIVALENTS|AT END OFYEAR|17|670,537|38,843|
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||||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2021|
||DONATIONS|||||||
||Donations|received|||2,384,441||2384441|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2020|
||DONATIONS|||||||
||Donations|received|||3,262,472|620|3,263,092|
|6.|INVESTMENT INCOME|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
||||||||4|
||Interest receivable||and similar income|||6,893|6,893|
||Rental income|||44,601|44,601|32,775|32,775|
|||||44,601|44,601|39,668|39,668|
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|COSTS|OFOTHER TRADI|NG ACTIVITIES||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|||Funds||2021|Funds||2020|
|Property|Outgoings|1,180||1,180|6,802||6,802|
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|EXPEND|ITURE ON CHARITABL|E ACTIVITIES BYFUND T|YPE||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|Charitable|activities|2,117,564||2,117,564|
|Support costs||16,851||16,851|
|||2,134,415||2,134,415|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|Charitable|activities|3,317,524|14,216|3,331,740|
|Support costs||16,446||16,446|
|||3,333,970|14,216|3,348,186|
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|EXPENDI|TURE ON|CHARITABLE|ACTIVITIE|S BYACTIVI|TY TYPE||
|---|---|---|---|---|---|---|
|||Activities|||||
|||undertaken|Grant funding||Total funds|Total fund|
|||directly|ofactivities|Support costs|2021|2020|
|Charitable|activities|222,500|1,895,064||2,117,564|3,331,740|
|Governance|costs|||16,851|16,851|16,446|
|||222,500|1,895,064|16,851|2,134,415|3,348,186|
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|||Analysis of|||
|---|---|---|---|---|
|||support costs|Total 2021|Total 2020|
|||e|||
|General oAice||503|503|211|
|Finance costs||2,588|2,588|2,905|
|Governance|costs|13,760|13,760|13,330|
|||16,851|16,851|16,446|
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|The composition|ofdonations
is shown below.||
|---|---|---|
|||2021|
|Congregation
Dover Sholom, Inc.||23,107|
|Hatzola Trust Limited||25,000|
|Keren Chochmas|Shloma Trust|45,000|
|Machon Lehoro'oh|Shirat David Jerusalem|56,550|
|Mosdos Bobov||1,495,280|
|Shir Chesed Beis|Yisroel|42,920|
|The Rehabilitation|Trust|35,260|
|Tomchei Shabbos|Chasdei Sarah|22,489|
|Sundry
donations|less than y20,000|149,458|
|||1,895,064|
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|NET INCOME/(EXPEN|DITURE)|DITURE)|||
|---|---|---|---|---|
|Net income/(expenditure)|is stated after charging/(crediting):||||
||||2021|2020|
|||||J|
|Depreciation oftangible|fixed assets||11,352|6502|
|Fees payable for the audit ofthe financial||statements|8,160|12,480|
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|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Land and|Fixtures and|||
||buildings|fittings|Library|Total|
|||J.|f,||
|Cost|||||
|At 1 July 2020
Additions|1,500,215
39,999|79,827
29,165|40,500
9,672|1,620,542
78,836|
|At 30June 2021|1,540,214|108,992|50,172|1,699,378|
|Depreciation
At
1 July 2020
Charge for the year||64,128
6,730|19,359
4,622|83,487
11,352|
|At 30June 2021||70,858|23,981|94,839|
|Carrying
amount
At 30June 2021|1,540,214|38,134|26,191|1,604,539|
|At 30June 2020|1,500,215|15,699|21,141|1,537,055|
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|16.|and synagogue
and for pro
DEBTORS|viding
Jewish education.|||
|---|---|---|---|---|
||||2021|2020|
||Trade debtors||19,915|19,420|
||Other debtors||75,000|144,500|
||||94,915|163,920|
|17.|CASH AND CASH EQUIVALENTS||||
||Cash and cash equivalents|comprise the following:|2021|2020|
||||4||
||Cash at bank and in hand||670,537|39,698|
||Bank overdrafts|||(855)|
||||670,537|38,843|
|18.|CREDITORS; amounts|falling due within one year|||
||||2021|2020|
||Bank loans and overdrails||576,682|10,720|
||Accruals and deferred income||16,800|18,480|
||Other creditors||10,824|12,255|
||||604,306|41,455|
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|CRE|DITO|RS:|amounts
falling due after more|than one year||
|---|---|---|---|---|---|
|||||2021|2020|
|Bank|loans|and|overdrafls|292,656|519,636|
##
|Unrestricte|d
funds||||||
|---|---|---|---|---|---|---|
||||At|||At|
|||I|July 2020|Income|Expenditure
30June 2021||
|General funds|||723,459|2,426,846|(2,095,596)|1,054,709|
|Designated|Fund - Building Fund||456,123|2,196|(39,999)|418420|
||||1,179,582|2,429,042|(2,135,595)|1,473,029|
||||At|||At|
|||1 July 2019||Income|Expenditure|30June 2020|
|General funds|||622,450|3,299,060|(3,198,051)|723,459|
|Designated|Fund - Building Fund||595,764|3,080|(142,721)|456,123|
||||1,218,214|3,302,140|(3,340,772)|1,179,582|
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|21.|ANALYSIS OFNET|ASSET|S|BETWEEN|FUN|DS|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Unrestricted|Total Funds||
|||||||||||Funds||2021|
||Tangible fixed assets
Current assets|||||||||1,604,539
765,452||1,604,539
765,452|
||Creditors
less than
1 year
Creditors greater than
1year|||||||||(604,306)
(292,656)||(604,306)
(292,656)|
||Net assets|||||||||1,473,029||1,473,029|
|||||||||||Unrestricted||Total Funds|
|||||||||||Funds||2020|
||Tangible fixed assets
Current assets|||||||||1,537,055
203,618||1,537,055
203,618|
||Creditors
less than
1 year
Creditors greater than
1 year|||||||||(41,455)
(519,636)||(41,455)
(519,636)|
||Net assets|||||||||1,179,582||1,179,582|
|22.|FINANCIAL INSTRUMENTS||||||||||||
||The carrying amount|for each|category offinancial|||instrument||is as follows:
2021||||2020|
||Financial assets that|are debt instruments|||measured||at amortised|||cost|||
||Financial assets that are debt instruments
measured|||||at|amortised||||||
||cost|||||||||94,915||163,920|
||Financial liabilities|measured||at amortised|cost||||||||
||Financial
liabilities
measured||at|amortised cost||||||896,962||561,091|
|23.|ANALYSIS OF CHANGES||IN NET DEBT||||||||||
|||||||||||||At|
||||||||At 1 Jul||2020|Cash flows||30Jun 2021|
||Cash at bank and in hand|||||||39,698||630,839||670,537|
||Bank overdrafls||||||||(855)|855|||
||Debt due within one year
Debt due afler one year||||||(9,865)
(519,636)|||(566,817)
226,980||(576,682)
(292,656)|
||||||||(490,658)|||291,857||(198,801)|
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