| Page | |||||
|---|---|---|---|---|---|
| Trustees' | annual report | (incorporating | the director's report) | ||
| Independent auditor's |
report to the members | ||||
| Statement | offinancial | activities (including | income and expenditure | ||
| account) | 13 | ||||
| Statement | offinancial | position | 14 | ||
| Statement | ofcash flows | 15 | |||
| Notes to | the financial | statements | 16 |
| financial s |
tatements ofthe charit | tatements ofthe charit | y for the year ended 31 | March 2023 | . | |
|---|---|---|---|---|---|---|
| Reference | and administrative | details | ||||
| Registered | charity name | UK Toremet Limited | ||||
| Charity registration | number | 1140972 | ||||
| Company | registration | number | 07278312 | |||
| Principal | office and registered | Devonshire House |
||||
| office | Manor Way, Borehamwood | |||||
| Hertfordshire | ||||||
| WD6 1QQ | ||||||
| The trustees | Mr Jonathan Cline |
|||||
| Mr Robert JCline | ||||||
| Mr Adrian Jacob | ||||||
| Mr Jeremy Ross | ||||||
| Mrs Reva Shenker | ||||||
| Mr Mark David Taylor | (Appointed | 29 June 2023) | ||||
| Auditor | Cohen Arnold | |||||
| Chartered accountants |
&statutory | auditor | ||||
| New Burlington House |
||||||
| 1075Finchley Road | ||||||
| LONDON | ||||||
| NW11 OPU |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Income and endowments | ||||||||
| Donations and legacies |
5 | 78,172 | 1,189,140 | 1,267,312 | 2,699,559 | |||
| Charitable activities |
6 | — | 11,625 | 11,625 | 14,951 | |||
| Investment income |
7 | 190 | — | 190 | 198 | |||
| Total income | 78,362 | 1,200,765 | 1,279,127 | 2,714,708 | ||||
| Expenditure | ||||||||
| Expenditure on charitable |
activities | 8,9 | 189,603 | 1,277,804 | 1,467,407 | 2,848,488 | ||
| Total expenditure | 189,603 | 1,277,804 | 1,467,407 | 2,848,488 | ||||
| Net expenditure and net |
movement | in | ||||||
| funds | (111,241) | (77,039) | (188,280) | (133,780) | ||||
| Reconciliation offunds |
||||||||
| Total funds brought | forward | 140,917 | 133,393 | 274,310 | 408,090 | |||
| Total funds carried | forward | 29,676 | 56,354 | 86,030 | 274,310 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Intangible assets |
15 | 39,937 | 39,937 | ||
| Tangible fixed assets | 16 | 4,057 | 5,538 | ||
| 43,994 | 45,475 | ||||
| Current assets |
|||||
| Debtors | 17 | 186,641 | 66,576 | ||
| Cash at bank | and in hand | 180,672 | 534,378 | ||
| 367,313 | 600,954 | ||||
| Creditors: amounts | falling due within one year | 18 | 325,277 | 372,119 | |
| Net current | assets | 42,036 | 228,835 | ||
| Total assets | less current liabilities | 86,030 | 274,310 | ||
| Net assets | 86,030 | 274,310 | |||
| Funds ofthe | charity | ||||
| Restricted funds | 56,354 | 133,393 | |||
| Unrestricted | funds | 29,676 | 140,917 | ||
| Total charity | funds | 19 | 86,030 | 274,310 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Cash flows from operating | activities | ||||
| Net expenditure | (188,280) | (133,780) | |||
| Adjustments fov: | |||||
| Depreciation oftangible fixed | assets | 4,439 | 3,811 | ||
| Other interest receivable and |
similar income | (190) | (198) | ||
| Accrued expenses | 8,510 | 1,874 | |||
| Changes in: | |||||
| Trade and other debtors | (120,065) | 14,542 | |||
| Trade and other creditors | (55,352) | 202,871 | |||
| Cash generated from operations |
(350,938) | 89,120 | |||
| Interest received | 190 | 198 | |||
| Net cash (used in)/from operating activities |
(350,748) | 89,318 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible assets |
(2,958) | (6,256) | |||
| Proceeds from sale oftangible | assets | 444 | |||
| Purchase ofintangible assets |
(20,383) | ||||
| Net cash used in investing activities |
(2,958) | (26,195) | |||
| Net (decrease)/increase in cash and cash |
equivalents | (353,706) | 63,123 | ||
| Cash and cash equivalents | at | beginning | ofyear | 534,378 | 471,255 |
| Cash and cash equivalents | at | end ofyear | 180,672 | 534,378 |
| Donations |
and legacies | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| Donations | ||||||
| Donations | 46,363 | 1,186,265 | 1,232,628 | |||
| Gift Aid | 31,809 | 2,875 | 34,684 | |||
| 78,172 | 1,189,140 | 1,267,312 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| Donations | ||||||
| Donations | 94,381 | 2,559,045 | 2,653,426 | |||
| Gift Aid | 44,883 | 1,250 | 46,133 | |||
| 139,264 | 2,560,295 | 2,699,559 | ||||
| Charitable | activities | |||||
| Restricted | Total Funds | Restricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| Project: From the Depths | 1,125 | 1,125 | 3,951 | 3,951 | ||
| Project: Support Minority | ||||||
| Communities | Media/Public | Service | ||||
| Podcasting | 10,500 | 10,500 | 11,000 | 11,000 | ||
| 11,625 | 11,625 | 14,951 | 14,951 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||
|---|---|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |||||
| Bank | interest | receivable | 190 | 198 | 198 |
| Unrestricted | Restricted | Total Funds | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | ||||
| Grants | in furtherance | ofcharity's | objectives | 48,595 | 1,266,165 | 1,314,760 |
| Support | costs | 141,008 | 11,639 | 152,647 | ||
| 189,603 | 1,277,804 | 1,467,407 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| Grants | in furtherance | ofcharity's | objectives | 68,042 | 2,637,962 | 2,706,004 |
| Support | costs | 130,309 | 12,175 | 142,484 | ||
| 198,351 | 2,650,137 | 2,848,488 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | ||||
| directly | ofactivities | Support costs | 2023 | 2022 | |||
| Grants in | |||||||
| furtherance | of | ||||||
| charity's | objectives | 64,634 | 1,250,126 | 144,307 | 1,459,067 | 2,839,788 | |
| Governance | costs | 8,340 | 8,340 | 8,700 | |||
| 64,634 | 1,250,126 | 152,647 | 1,467,407 | 2,848,488 |
| Breakdown ofGrants made to organisations |
|||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds 2023 | Funds 2023 | 2023 | |
| Israel Center on Addiction (ICA) | 197,266 | 197,266 | |
| Nitzanim benegev uvegalil |
71,772 | 71,772 | |
| Ezra Rishona Bet Shemesh EREV (Keren Yosefj | 66,417 | 66,417 | |
| Giving | 48,308 | 48,308 | |
| Gesher Theatre | 47,500 | 47,500 | |
| Yeshivat Hesder Netiv Tefachot | 33,160 | 33,160 | |
| Hospice ofthe Upper Galilee | 25,000 | 25,000 | |
| The Max Stern Yezreel Valley College | 25,000 | 25,000 | |
| Midreshet Moriah |
23,932 | 23,932 | |
| The MLB Welfare Fund | 20,322 | 20,322 | |
| Grants of620,000or less | 3,160 | 688,289 | 691,449 |
| TOTAL | 3,160 | 1,246,966 | 1,250,126 |
| Unrestricted | Restricted | Total Funds | |
| Funds 2022 | Funds 2022 | 2022 | |
| Nitzanim benegev uvegalil |
563,584 | 563,584 | |
| Israel Center on Addiction | 267,396 | 267,396 | |
| Keren Hayesod | 197,000 | 197,000 | |
| Desert stars | 100,000 | 100,000 | |
| Ahavat Yisroel Humanity | 100,000 | 100,000 | |
| Mosdot Midrash David | 63,098 | 63,098 | |
| Mudaut | 60,000 | 60,000 | |
| Ezra Rishoma Bet Shamesh Erev | 58,423 | 58,423 | |
| Sulamot | 46,068 | 46,068 | |
| Shekel | 41,456 | 41,456 | |
| Regavim | 38,479 | 38,479 | |
| Birkat Chaim Association | 34,200 | 34,200 | |
| Ohalecha Yaakov Arad | 32,500 | 32,500 |
| Congregation Kesser Torah |
32,300 | 32,300 | |
|---|---|---|---|
| Lager than Life | 30,080 | 30,080 | |
| Mifalei Hatorah | 30,000 | 30,000 | |
| Darkei Moshe - Ashdod | 29,950 | 29,950 | |
| Amutat Yesodot Hatorah | 27,600 | 27,600 | |
| Life's Door | 26,880 | 26,880 | |
| Meorot Natan - Bet Shemesh | 26,562 | 26,562 | |
| Kollel Beis Yisrael | 26,400 | 26,400 | |
| Hospice ofthe Upper Galilee | 25,238 | 25,238 | |
| The Max Stern Yezreel Valley College | 25,000 | 25,000 | |
| Beit Theresienstadt | 25,000 | 25,000 | |
| UN Watch | 23,457 | 23,457 | |
| Yeshivat Kfar Zeitim | 22,387 | 22,387 | |
| Yad Harav Herzog —Rabbi Herzog World Academy |
|||
| Jerusalem | 21,883 | 21,883 | |
| Yad L'Olim | 20,399 | 20,399 | |
| Grants of620,000or less | 19,712 | 626,717 | 646,429 |
| Total | 19,712 | 2,622,057 | 2,641,769 |
| 10. | Breakdown of |
grants by type | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Grants to institutions | |||||
| Advocacy | 16,815 | 25,868 | |||
| Community Building |
137,528 | 755,057 | |||
| Culture | 87,897 | 11,476 | |||
| Education | 242,677 | 350,989 | |||
| General | 112,566 | 178,067 | |||
| Health | 153,146 | 186,940 | |||
| Holocaust Education | 53 | 5,748 | |||
| Human Rights |
19,322 | 23,857 | |||
| Mental Health | 219,746 | 292,220 | |||
| Prevention ofPoverty | 23,773 | 27,940 | |||
| Religion | 98,810 | 395,919 | |||
| Senior Citizens | 20,010 | 23 | |||
| Special needs | 13,563 | 19,167 | |||
| Welfare | 71,721 | 279,053 | |||
| Women's Empowerment |
10,276 | 7,261 | |||
| Youth at risk | 22,223 | 82,184 | |||
| 1,250,126 | 2,641,769 | ||||
| Total grants | 1,250,126 | 2,641,769 | |||
| 11. | Net expenditure | ||||
| Net expenditure | is stated after charging/(crediting): | ||||
| 2023 | 2022 | ||||
| Depreciation oftangible fixed assets | 4,439 | 3,811 | |||
| 12. | Auditors remuneration |
||||
| 2023 | 2022 | ||||
| Fees payable for the audit ofthe financial | statements | 8,100 | 7,800 |
| CRM System | ||||
|---|---|---|---|---|
| Cost | ||||
| At 1April 2022 and 31March 2023 | 39,937 | |||
| Amortisation | ||||
| At 1April 2022 and 31March 2023 | ||||
| Carrying amount |
||||
| At 31March | 2023 | 39,937 | ||
| At 31March | 2022 | 39,937 | ||
| 16. | Tangible fixed assets | |||
| Plant and | ||||
| machinery | ||||
| Cost | ||||
| At 1 April 2022 | 17,168 | |||
| Additions | 2,958 | |||
| Disposals | (962) | |||
| At 31March | 2023 | 19,164 | ||
| Depreciation | ||||
| At 1 April 2022 | 11,630 | |||
| Charge for the year | 4,439 | |||
| Disposals | (962) | |||
| At 31March | 2023 | 15,107 | ||
| Carrying amount |
||||
| At 31March | 2023 | 4,057 | ||
| At 31March | 2022 | 5,538 | ||
| 17. | Debtors | |||
| 2023 | 2022 | |||
| Trade debtors | 100,000 | |||
| Prepayments | and accrued income | 6,048 | 3,685 | |
| Other debtors | 80,593 | 62,891 | ||
| 186,641 | 66,576 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Trade creditors | 280,718 | 340,321 | ||||||
| Accruals | and deferred income | 39,595 | 31,085 | |||||
| Other creditors | 4,964 | 713 | ||||||
| 325,277 | 372,119 | |||||||
| Grants payable include the following |
charitable | commitments: | ||||||
| 2023 | 2022 | |||||||
| Charitable | commitments | brought | forward | 333,298 | 129,747 | |||
| New commitments | during | the year | 1,389,036 | 2,641,768 | ||||
| Payments | during | the year | (1,454,158) | (2,438,217) | ||||
| Charitable | commitments | carried | forward | 268,176 | 333,298 |
| Unrestri | cted funds |
||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | A.t 31March | |||||
| 1 | April 2022 | Income | Expenditure | losses | 2023 | ||
| General | funds | 140,917 | 78,362 | (189,603) | 29,676 | ||
| At | Gains and | At 31March | |||||
| 1 | April 2021 | Income | Expenditure | losses | 2022 | ||
| General | funds | 199,806 | 139,462 | (198,351) | 140,917 |
| Analysis ofcharita Restricted funds |
ble f |
unds (continued) |
||||
|---|---|---|---|---|---|---|
| At | Gains and | A.t 31March | ||||
| 1 April 2022 | Income | Expenditure | losses | 2023 | ||
| Project income | 19,140 | 17,988 | (19,225) | (16,334) 1,569 |
||
| Restricted revenue | from | |||||
| donations | 114,253 | 1,182,777 | (1,258,579) | 16,334 | 54,785 | |
| 133,393 | 1,200,765 | (1,277,804) | 56,354 | |||
| At | Gains and | At 31March | ||||
| 1 April 2021 | Income | Expenditure | losses | 2022 | ||
| Project income | 4,189 | 14,951 | 19,140 | |||
| Restricted revenue | from | |||||
| donations | 204,095 | 2,560,295 | (2,650,137) | 114,253 | ||
| 208,284 | 2,575,246 | (2,650,137) | 133,393 |
| Analysis | ofnet as | sets between funds |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| Intangible | assets | 39,937 | 39,937 | ||
| Tangible fixed assets | 4,057 | 4,057 | |||
| Current assets | 310,959 | 56,354 | 367,313 | ||
| Creditors | less than | 1 year | (325,277) | (325,277) | |
| Net assets | 29,676 | 56,354 | 86,030 | ||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| Intangible | assets | 39,937 | 39,937 | ||
| Tangible fixed assets | 5,538 | 5,538 | |||
| Current assets | 467,561 | 133,393 | 600,954 | ||
| Creditors | less than | 1 year | (372,119) | (372,119) | |
| Net assets | 140,917 | 133,393 | 274,310 |
| At | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| At | 1 | Apr 2022 | Cash flows | 31Mar 2023 | ||||||
| Cash | at | bank | and | in | hand | 534,378 | (353,706) | 180,672 |