##
##
##
##
||||||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|
##