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|||||||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|
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||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|
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||||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|
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|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|
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||||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|
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|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|
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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|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|
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|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|
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||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|
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|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|
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|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|
##
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|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|
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|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)|
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