| Pages | |||||||
|---|---|---|---|---|---|---|---|
| Trustees' | annual report |
(incorporating | the | director's | report) | 1to 4 | |
| Independent examiner's |
report to the | trustees | |||||
| Statement | offinancia | activities (including | income | and expenditure | |||
| account) | |||||||
| Statement | offinancial | position | |||||
| Statement | ofcash flows | ||||||
| Notes to | the financial | statements | 9to17 |
| Registered | charity name | charity name | Torah Action Life | Torah Action Life | ||
|---|---|---|---|---|---|---|
| Charity registration | number | 1145908 | ||||
| Company | registration | number | 07771068 | |||
| Registered | office | New Burlington | House | |||
| 1075 Finchley Road | ||||||
| London | ||||||
| NW11 OPU | ||||||
| The trustees | Mr V Amer | (Resigned 26 March 2020) | ||||
| Mr D Yamiu-Joseph | ||||||
| Mr M Saidi | ||||||
| Mr M Abraham | (Appointed 21 October 2020) | |||||
| Independent | examiner | David Goldberg | FCA DChA | |||
| New Burlington | House | |||||
| 1075Finchley Road | ||||||
| LONDON | ||||||
| NW11 OPU |
| Year ended | 30Se | ptem | ber | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||
| Unrestricted | Restricted | ||||||||
| funds | funds | Total funds | Total funds | ||||||
| Note | |||||||||
| Income and | endowments | ||||||||
| Donations and legacies |
5 | 398,810 | 500 | 399,310 | 592,432 | ||||
| Total income | 398,810 | 500 | 399,310 | 592,432 | |||||
| Expenditure | |||||||||
| Expenditure | on raising funds: | ||||||||
| Costs ofraising | donations | and | |||||||
| legacies | 6 | 7,597 | 7,597 | 27,799 | |||||
| Expenditure | on charitable | activities | 7,8 | 202,404 | 500 | 202,904 | 235,639 | ||
| Total expenditure | 210,001 | 500 | 210,501 | 263,438 | |||||
| Net income | and net | movement | in funds | 188,809 | 188,809 | 328,994 | |||
| Reconciliation offunds | |||||||||
| Total funds brought | forward | 462,277 | 462,277 | 133,283 | |||||
| Total funds | carried | forward | 651,086 | 651,086 | 462,277 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 13 | 1,617,424 | 1,023,307 | |||
| Current assets |
||||||
| Debtors | 14 | 17,574 | 16,098 | |||
| Cash at bank | and in hand | 75,208 | 445,773 | |||
| 92,782 | 461,871 | |||||
| Creditors: amounts | falling due within | one year | 15 | 63,312 | 26,990 | |
| Net current | assets | 29,470 | 434,881 | |||
| Total assets | less current liabilities | 1,646,894 | 1,458, 188 | |||
| Creditors: amounts | falling due after | more than one year | 16 | 995,808 | 995,911 | |
| Net assets | 651,086 | 462,277 | ||||
| Funds ofthe | charity | |||||
| Unrestricted | funds | 651,086 | 462,277 | |||
| Total charity | funds | 18 | 651,086 | 462,277 |
| Year ended 30Septembe | r 2020 | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Cash flows from operating | activities | |||
| Net income | 188,809 | 328,994 | ||
| Adjustments for: | ||||
| Depreciation oftangible fixed assets | 4,125 | 4,299 | ||
| Interest payable and similar | charges | 19,980 | 16,166 | |
| Accrued expenses | 1,079 | |||
| Changes in: | ||||
| Trade and other debtors | (1,476) | (7,800) | ||
| Trade and other creditors | 11,322 | 367,084 | ||
| Cash generated from operations |
222,760 | 709,822 | ||
| Interest paid | (19,980) | (16,166) | ||
| Net cash from operating activities |
202,780 | 693,656 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets |
(598,242) | (1,024,809) | ||
| Net cash used in investing activities |
(598,242) | (1,024,809) | ||
| Cash flows from financing | activities | |||
| Proceeds from borrowings | 24,897 | 645,714 | ||
| Net cash from financing activities |
24,897 | 645,714 | ||
| Net (decrease)/increase in |
cash and cash | equivalents | (370,565) | 314,561 |
| Cash and cash equivalents | at beginning | ofyear | 445,773 | 131,212 |
| Cash and cash equivalents | at end ofyear | 75,208 | 445,773 |
| Unrestricted | Restricted | Total Funds | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | ||||
| K | ||||||
| Donations | ||||||
| Donations | and | other | income | 374,456 | 500 | 374,956 |
| Donations | and legacies (cossasesl | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| Grants | ||||
| Grants receivable | 24,354 | 24,354 | ||
| 398,810 | 500 | 399,310 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2019 | ||
| s | ||||
| Donations | ||||
| Donations | and other income | 572,432 | 20,000 | 592,432 |
| Grants | ||||
| Grants receivable | ||||
| 572,432 | 20,000 | 592,432 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | |||||
| Costs ofraising donations | and legacies | |||||||
| -Donations | 7,597 | 7,597 | 27,799 | 27,799 | ||||
| 7. | Expenditure | on charitable | activities | by fund type | ||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2020 | ||||||
| 8 | ||||||||
| Torah Action | Life programmes | 196,404 | 500 | 196,904 | ||||
| Support costs | 6,000 | 6,000 | ||||||
| 202,404 | 500 | 202,904 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2019 | ||||||
| Torah Action | Life programmes | 210,314 | 20,000 | 230,314 | ||||
| Support costs | 5,325 | 5,325 | ||||||
| 215,639 | 20,000 | 235,639 |
| Activities | Activities | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | |||||||||
| directly | ofactivities | Support costs | 2020 | 2019 | ||||||||
| t | a | |||||||||||
| Torah Action Life | ||||||||||||
| programmes | 193,134 | 3,770 | 196,904 | 230,314 | ||||||||
| Governance | costs | 6,000 | 6,000 | 5,325 | ||||||||
| 193,134 | 3,770 | 6,000 | 202,904 | 235,639 | ||||||||
| 9. | Net income | |||||||||||
| Net income | is stated after | charging/(crediting): | ||||||||||
| 2020 | 2019 | |||||||||||
| a | s | |||||||||||
| Depreciation | oftangible | fixed | assets | 4,125 | 4,299 | |||||||
| 10. | Independent | examination | fees | |||||||||
| 2020 | 2019 | |||||||||||
| Fees payable | to the independent | examiner | for: | |||||||||
| Independent | examination | ofthe financial | statements | 4,800 | 4,800 | |||||||
| 11. | Staff costs | |||||||||||
| The total staff costs and | employee benefits for |
the reporting | period are | analysed as |
follows: | |||||||
| 2020 | 2019 | |||||||||||
| 4 | s | |||||||||||
| Wages and salaries | 73,225 | 49,350 | ||||||||||
| Social security costs | 1,801 | 370 | ||||||||||
| Employer contributions |
to | pension plans | 10,826 | 12,745 | ||||||||
| 85,852 | 62,465 |
| 13. | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Freehold | |||||
| property | Equipment | Website | Total | ||
| s | |||||
| Cost | |||||
| At 1 October 2019 | 1,010,409 | 4,214 | 14,400 | 1,029,023 | |
| Additions | 598,242 | 598,242 | |||
| At 30September 2020 | 1,608,651 | 4,214 | 14,400 | 1,627,265 | |
| Depreciation | |||||
| At 1 October 2019 | 2,116 | 3,600 | 5,716 | ||
| Charge for the year | 525 | 3,600 | 4,125 | ||
| At 30September 2020 | 2,641 | 7,200 | 9,841 | ||
| Carrying amount |
|||||
| At 30September 2020 | 1,608,651 | 1,573 | 7,200 | 1,617,424 | |
| At 30 September 2019 | 1,010,409 | 2,098 | 10,800 | 1,023,307 | |
| 14. | Debtors | ||||
| 2020 | 2019 | ||||
| Trade debtors | 11,724 | ||||
| Other debtors | 5,850 | 16,098 | |||
| 17,574 | 16,098 | ||||
| 15. | Creditors: amounts falling due within |
one year | |||
| 2020 | 2019 | ||||
| Bank loans aud overdrafls | 25,000 | ||||
| Trade creditors | 24,618 | 18,237 | |||
| Accruals and deferred income |
4,800 | 4,800 | |||
| Social security and other taxes | 899 | 1,347 | |||
| Other creditors | 7,995 | 2,606 | |||
| 63,312 | 26,990 |
| Credi | tors: amounts falling due after more than |
one year | |
|---|---|---|---|
| 2020 | 2019 | ||
| Bank | loans snd overdraiis | 645,611 | 645,714 |
| Other | creditors | 350,197 | 350,197 |
| 995,808 | 995,911 |
| Analysis ofcharitable fund Unrestricted funds |
s | |||
|---|---|---|---|---|
| At 30 | ||||
| At I October | September | |||
| 2019 | Income | Expenditure | 2020 | |
| General funds | 462,277 | 398,810 | (210,001) | 651,086 |
| At | ||||
| At I October | 30 September | |||
| 2018 | Income | Expenditure | 2019 | |
| General funds | 133,283 | 572,432 | (243,438) | 462,277 |
| Restricted funds | ||||
| At 30 | ||||
| At I October | September | |||
| 2019 | Income | Expenditure | 2020 | |
| s | ||||
| Restricted Funds | 500 | (500) | ||
| At | ||||
| At I October | 30 September | |||
| 2018 | Income | Expenditure | 2019 | |
| Restricted Funds | 20,000 | (20,000) |
| Analysis ofnet as | sets | between funds |
||
|---|---|---|---|---|
| Unrestricted | Total Funds | |||
| Funds | 2020 | |||
| Tangible fixed assets | 1,617,424 | 1,617,424 | ||
| Current assets | 92,782 | 92,782 | ||
| Creditors less than | 1 year | (63,312) | (63,312) | |
| Creditors greater than | 1 year | (995,808) | (995,808) | |
| Net assets | 651,086 | 651,086 | ||
| Unrestricted | Total Funds | |||
| Funds | 2019 | |||
| s | ||||
| Tangible fixed assets | 1,023,307 | 1,023,307 | ||
| Current assets | 461,871 | 461,871 | ||
| Creditors less than | 1 year | (24,399) | (24,399) | |
| Creditors greater than | 1 year | (998,502) | (998,502) | |
| Net assets | 462,277 | 462,277 | ||
| Analysis ofchanges | in net debt |
| Analy | sis ofchanges in net debt |
|||
|---|---|---|---|---|
| At | ||||
| At 1 Oct2019 | Cash flows | 30Sep 2020 f |
||
| Cash | at bank and in hand | 445,773 | (370,565) | 75,208 |
| Debt | due within one year | (25,000) | (25,000) | |
| Debt | due afler one year | (645,714) | 103 | (645,611) |
| (199,941) | (395,462) | (595,403) |