| PAGE | ||||||
|---|---|---|---|---|---|---|
| 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 |
| PERIO | D | FROM 1JULY | 2021TO 3 | 1DECEMB | ER 2022 | ||
|---|---|---|---|---|---|---|---|
| Period from | 1Jul 21to | Year to | |||||
| 31Dec22 | 30Iun 21 | ||||||
| Unrestricted | |||||||
| funds | Total funds | Total funds | |||||
| Note | g | ||||||
| Income and endowments | |||||||
| Donations and |
legacies | 5 | 4,984,087 | 4,984,087 | 2,384,441 | ||
| Investment income |
6 | 76,468 | 76,468 | 44,601 | |||
| Total income | 5,060,555 | 5,060,555 | 2,429,042 | ||||
| Expenditure | |||||||
| Expenditure on |
raising funds: | ||||||
| Investment | management | costs | 7 | (1,096) | (1,096) | (1,180) | |
| Expenditure on |
charitable | activities | 8,9 | (5,130,802) | (5,130,802) | (2,134,415) | |
| Total expenditure | (5,131,898) | (5,131,898) | (2,135,595) | ||||
| Net (expenditure)/income | and net movement | in funds | (71,343) | (71,343) | 293,447 | ||
| Reconciliation | offunds | ||||||
| Total funds brought forward |
1,473,029 | 1,473,029 | 1,179,582 | ||||
| Total funds carried forward | 1,401,686 | 1,401,686 | 1,473,029 |
| 31Dec | 22 | 30Jun | 21 | |||
|---|---|---|---|---|---|---|
| Note | g | |||||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 15 | 1,449,852 | 1,604,539 | |||
| CURRENT ASSETS | ||||||
| Debtors | 16 | 399,082 | 94,915 | |||
| Cash at bank and in hand | 282,275 | 670,537 | ||||
| 681,357 | 765,452 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year | 18 | (548,690) | (604,306) | |||
| NET CURRENT ASSETS | 132,667 | 161,146 | ||||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 1,582,519 | 1,765,685 | ||||
| CREDITORS: amounts | falling due | |||||
| after more than one year | 19 | (180,833) | (292,656) | |||
| NET ASSETS | 1,401,686 | 1,473,029 | ||||
| FUNDS OF THE CHARITY | ||||||
| Unrestricted funds |
1,401,686 | 1,473,029 | ||||
| Total charity funds | 20 | 1,401,686 | 1,473,029 |
| PERIOD FR | OM | IJULY 2021TO31DE | CEMBE | R 2022 | |
|---|---|---|---|---|---|
| 31Dec 22 | 30Jun 21 | ||||
| Note | |||||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||
| Net (expenditure)/income | (71,343) | 293,447 | |||
| Adjustments for: | |||||
| Depreciation oftangible fixed assets | 14,473 | 11,352 | |||
| Impairment of tangible fixed assets |
225843 | ||||
| Investment income |
(76,468) | (44,601) | |||
| Interest payable and similar charges |
30,420 | 11,286 | |||
| Accrued income | (22,480) | (1,680) | |||
| Property outgoings |
1,096 | 1,180 | |||
| Changes in: | |||||
| Trade and other debtors | (305,000) | 69,500 | |||
| Trade and other creditors | (4,196) | 396 | |||
| Cash generated from operations |
(208,055) | 340,880 | |||
| Net cash (used in)/from operating |
activities | (208,055) | 340,880 | ||
| CASH FLOWS FROM INVESTING | ACTIVITIES | ||||
| Purchase oftangible assets | (65,229) | (78,836) | |||
| Rentreceived | 78,036 | 42,279 | |||
| Payments for expenditure on investment |
properties | (1,096) | (1,180) | ||
| Net cash from/(used in) investing |
activities | 11,711 | (37,737) | ||
| CASH FLOWS FROM FINANCING | ACTIVITIES | ||||
| Proceeds from borrowings | 350,000 | ||||
| Repayments ofborrowings |
(162,833) | (10,163) | |||
| Interest paid | (30,420) | (11,286) | |||
| Net cash (used in)/from financing |
activities | (193,253) | 328,551 | ||
| NET (DECREASE)/INCREASE | IN CASH AND CASH | ||||
| EQUIVALENTS | (389,597) | 631,694 | |||
| CASH AND CASH EQUIVALENTS | AT BEGINNING OFPERIOD | 670,537 | 38,843 | ||
| CASH AND CASH EQUIVALENTS | AT END OFPERIOD | 17 | 280,940 | 670,537 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |||
| DONATIONS | ||||||
| Donations received | 4,984,087 | 4,984,087 | 2,384,441 | 2,384,441 | ||
| 6. | INVESTMENT INCOME | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| Interest receivable | and similar income | 19 | 19 | |||
| Rental income | 76,449 | 76,449 | 44,601 | 44,601 | ||
| 76,468 | 76,468 | 44,601 | 44,601 |
| 7. | INVEST | MENT MANAGEMENT CO |
STS | |||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| f | f | |||||
| Property | repairs and maintenance | |||||
| charges | 1,096 | 1,096 | 1,180 | 1,180 | ||
| 8. | EXPENDITURE ON CHARITABLE | ACTIVITIES BYFUND TYPE | ||||
| Unresntcted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| f | f | |||||
| Charitable | activities | 5,105,532 | 5,105,532 | 2,117,564 | 2,117,564 | |
| Support costs | 25,270 | 25,270 | 16,851 | 16,851 | ||
| 5,130,802 | 5,130i802 | 2,134,415 | 2,134,415 |
| EXPENDI | TURE ON | CHARITABLE | ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Grant funding | Total funds | Total fund | |||
| directly | ofactivities | Support costs | 2022 | 2021 | ||
| Charitable | activities | 575,336 | 4,530,196 | 5,105,532 | 2,117,564 | |
| Governance | costs | 25,270 | 25,270 | 16,851 | ||
| 575,336 | 4,530,196 | 25,270 | 5,130,802 | 2,134,415 |
| ANALYSIS OF SUPPORT COST | S | ||
|---|---|---|---|
| Analysis of | |||
| support costs | Total 2022 | Total 2021 f |
|
| General office | 2,295 | 2,295 | 503 |
| Finance costs | 4,785 | 4,785 | 2,588 |
| Governance costs | 18,190 | 18,190 | 13,760 |
| 25,270 | 25,270 | 16,851 |
| Bilava Congregation Bobov Institutions |
830,922 2,635,387 |
|||
|---|---|---|---|---|
| Cong. Beth Joel Cong. Dover Sholom Cong. Meor Hatfila Keren Chochmas Shloma Trust |
37,542 46,460 37,571 151,500 |
|||
| Moreshet Hatorah Ltd | 39,630 | |||
| Shir Chessed Beis Yisroel | 125,730 | |||
| Talmudical Torah Temimah Inc. |
29,700 | |||
| The Netzach Charitable Trust |
50,000 | |||
| Tomchei Shabbos Chasdei Sarah | 108,973 | |||
| The Rehabilitation Trust |
105,445 | |||
| Zlotchiv | 40,000 | |||
| Sundry donations less than 820,000 |
291,336 | |||
| 4,530,196 | ||||
| 12. | NET (EXPENDITURE)/INCOME | |||
| Net (expenditure)/income is stated after charging/(crediting): |
31Dec 22 | 30Jun 21 | ||
| g | ||||
| Depreciation oftangible fixed assets Fees payable for the audit of the financial |
statements | 14,473 15,820 |
11,352 8,160 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Land and | Fixtures and | |||
| buildings | fittings | Library | Total | |
| f. | g | |||
| Cost | ||||
| At 1July 2021 Additions |
1,540,214 85,229 |
108,992 | 50,172 | 1,699,378 85,229 |
| At 31December 2022 | 1,525,443 | 108,592 | 50,172 | 1,784,607 |
| Depreciation At 1 July 2021 Charge for the period Impairment losses |
225,443 | 70,858 8,580 |
23,981 5,893 |
94,839 14,473 225,443 |
| At 31December 2022 | 225,443 | 79,438 | 29,874 | 334,755 |
| Carrying amount At31December 2022 |
1,400,0110 | 25,554 | 20,258 | 1,445,852 |
| At 30June 2021 | 1,540,214 | 38,134 | 26,191 | 1,604,539 |
| 31Dec22 | 30Jun 21 | ||
|---|---|---|---|
| Trade | debtors | 195082 | 19,915 |
| Other | debtors | 380,000 | 75,000 |
| 399,082 | 94,915 |
| CAS Cash |
H AND CASH EQU and cash equivalents |
IVALENTS comprise the following: |
||
|---|---|---|---|---|
| 31Dec22 | 30Jun 21 | |||
| Cash | at bank and in hand | 282,275 | 670,537 | |
| Bank | overdrafts | (1,335) | ||
| 280,940 | 670,537 |
| CREDITORS: amounts falling due within one y |
ear | |
|---|---|---|
| 31Dec 22 f |
30Jun 21 | |
| Bank loans and overdrafts | 527,007 | 576,682 |
| Accruals and deferred income | 14,320 | 16,800 |
| Other creditors | 7,363 | 10,824 |
| 548,690 | 604,306 |
| 19. | CREDITORS | : amounts falling due after |
more than | one year | ||
|---|---|---|---|---|---|---|
| 31Dec22 | 30Jun 21 | |||||
| Bank loans and overdrafts | 180,833 | 292,656 | ||||
| 20. | ANALYSIS OF CHARITABLE FUNDS | |||||
| Unrestricted | funds | |||||
| At | ||||||
| At | 31December | |||||
| 1 July 2021 | Income | Expendituref | Transfers | 2022 K |
||
| General funds | 1,054,709 | 5,057,559 | (5,131,898) | 240,672 | 1,221,042 | |
| Designated Fund- Building Fund 418,320 |
2,996 | (240,672) | 180,644 | |||
| 1,473,029 | 5,060,555 | (5,131,898) | 1,461,666 | |||
| At | At | |||||
| 1 July 2020 | Income | Expendituref | Transfers f |
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) | 418,320 | |||
| 1,179,582 | 2,429,042 | (2,135,595) | 1,473,029 |
| 21. | ANALYSIS OF NE | T ASSE | TSBETWEEN | FUN | DS | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | ||||||||
| Funds | 2022 | ||||||||
| Tangible fixed assets | 1,449,852 | 1,449,$52 | |||||||
| Current assets | 681,357 | 681,357 | |||||||
| Creditors less than 1year |
(548,690) | (548,690) | |||||||
| Creditors greater than |
1year | (180,833) | (1$0,833) | ||||||
| Net assets | 1,401,686 | 1,401,686 | |||||||
| Unrestricted | Total Funds | ||||||||
| Funds | 2021 | ||||||||
| Tangible fixed assets | 1,604,539 | 1,604,539 | |||||||
| Current assets | 765,452 | 765,452 | |||||||
| Creditors less than 1 |
year | (604,306) | (604,306) | ||||||
| Creditors greater than | 1 year | (292,656) | (292,656) | ||||||
| Net assets | 1,473,029 | 1,473,029 | |||||||
| 22. | FINANCIAL INSTRUMENTS | ||||||||
| The carrying amount | for each | category offinancial | instrument | is as follows: | |||||
| 31Dec22 | 30Jun 21 | ||||||||
| Financial assets that | are debt instruments | measured | at amortised | cost | |||||
| Financial assets that are debt instruments measured |
at | amortised | |||||||
| cost | 399,082 | 94,915 | |||||||
| Finandal liabilities measured at amortised |
cost | ||||||||
| Financial liabilities measured |
at amortised cost | 729,523 | 896,962 | ||||||
| 23. | ANALYSIS OF CHANGES | IN NET DEBT | |||||||
| At | |||||||||
| At 1 Jul | 2021 | Cash flows | 31Dec2022 | ||||||
| f | |||||||||
| Cash at bank and in hand | 670,537 | (388,262) | 2$2,275 | ||||||
| Bank overdrafts | (1,335) | (1,335) | |||||||
| Debt due within one year | (576,682) | 51,010 | (525,672) | ||||||
| Debt due after one year | (292,656) | 111,823 | (180,833) | ||||||
| (198,801) | (226,764) | (425,565) |