2021-03-31-accounts - King David And Harold House Foundation

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REGISTERED COMPANY NUMBER: 07455606 (England and Wales) REGISTERED CHARITY NUMBER: 1146507

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2021

for

King David and Harold House Foundation

Haines Watts Statutory Auditor 3rd Floor Pacific Chambers 11-13 Victoria Street

Liverpool Merseyside L2 5QQ

King David and Harold House Foundation

Contents of the Financial Statements for the Year Ended 31 March 2021

		Page
Report of the Trustees	1	to	3
Report of the Independent Auditors	4	to	7
Statement of Financial Activities		8
Balance Sheet		9
Cash Flow Statement		10
Notes to the Cash Flow Statement		11
Notes to the Financial Statements	12	to	18
Detailed Statement of Financial Activities	19	to	20

King David and Harold House Foundation

Report of the Trustees

for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The objectives of the Foundation are to:

a) Provide or maintain or to assist in the provision or maintenance of schools in which religious instruction shall be given with the principles of the Jewish faith;
b) Promote the education of persons under the age of 25 years, who are or have at any time been in attendance at any school provided, maintained, or assisted by the Foundation or who are of the Jewish faith and who are in need of financial assistance, by encouraging such persons to study the history, culture and religion of the Jewish people and the Hebrew language and literature, or in any other way;
c) To promote the educational, physical and social development of Jewish youth;
d) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life. without prejudice to the generality of the above in particular to provide facilities for the Jewish community.

Significant activities

The Foundation's essential function is to raise and administer the funds needed to support the King David Schools. The funds raised go to support Jewish education and to contribute to the maintenance of the new King David Campus.The Foundation however does more than this and also provides funds that enable the schools to provide additional teaching capacity and help with the shortfalls in the budget wherever possible.

FINANCIAL REVIEW

Financial position

The charity made deficit in the year of £46,104 (2020: surplus of £21,209), with reserves of £29,971,583 (2020:£30,017,687) at the year end.

Principal funding sources

The principal funding comes from members of public in the area.

Reserves policy

It is policy to maintain a balance on unrestricted funds which equates to at least four months total expenditure, equivalent to approximately £165,000 to cover emergency situations that may arise from to time. The balance of unrestricted funds at the period end was in line with this target.

Going concern

Going forward this year so far has been a challenging year, due in part to Coronavirus. We saw the kindergarten close for 3 months (April - June 2020) which has had an impact on our income. However, despite the Kindergarten closing during this period, the expenditure for Salaries decreased by around 20% compared to last year's figures. This has reduced the over loss for this financial year so far. The Kindergarten opened its doors again from September and since then, the income has steadily increased as expected. Voluntary contributions have reduced slightly but not significantly.

Overall, the accounts for the King David & Harold House Foundation have taken a slight hit but largely in the current financial year 2020/21 . The Foundation however has continued operating uninterrupted as we were able to operate remotely. We are now in full operation again, as we were pre-pandemic.

Page 1

King David and Harold House Foundation

for the Year Ended 31 March 2021

Report of the Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

In the event that a trustee permanently retires or additional new trustees are required, the Board sets up a nominations sub-committee to recruit the new trustee(s).

Organisational structure

The Board of the Foundation consists of six Ordinary Trustees and three Exoficio Trustees, namely the Chair of the Governors of the King David High School, the Chair of the Governors of the King David Primary School and the Chair of the Liverpool Jewish Community Centre or their nominees. The Board meets at least bi-monthly.They report on any changes to their school and business plans and developments.

Induction and training of new trustees

The induction process for any newly-appointed trustee comprises an initial meeting with the Chair and the Board, followed by a series of short meetings with the Chief Executive. The welcome pack includes a brief history of the company, copy Board and sub-committee minutes, a copy of the last three years' annual report and accounts and a copy of the Memorandum and Articles of Association.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07455606 (England and Wales)

Registered Charity number

1146507

Registered office

120 Childwall Road Liverpool L15 6WU

Trustees

M A Fraenkel Chairman L Lesin-Davis A K Lewis P Rosenblatt M Hayward J Reuben Treasurer M Marcus J A Stone

Company Secretary

S Heaps

Auditors

Haines Watts Statutory Auditor 3rd Floor Pacific Chambers 11-13 Victoria Street Liverpool Merseyside L2 5QQ

Page 2

King David and Harold House Foundation

Report of the Trustees

for the Year Ended 31 March 2021

PUBLIC BENEFIT REQUIREMENT

The trustees of King David David and Harold House Foundation confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of King David and Harold House Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Haines Watts, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... J Reuben - Trustee

Page 3

Report of the Independent Auditors to the Members of King David and Harold House Foundation

Opinion

We have audited the financial statements of King David and Harold House Foundation (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

However, not all future events or conditions can be predicted. The COVID-19 viral pandemic is one of the most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. It is therefore difficult to evaluate all of the potential implications on the company’s trade, customers, suppliers and wider economy. The Directors’ view on the impact of COVID-19 is disclosed in the Directors Report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Page 4

Report of the Independent Auditors to the Members of King David and Harold House Foundation

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 5

Report of the Independent Auditors to the Members of King David and Harold House Foundation

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks applicable to the charitable company financial statements or that had a fundamental effect on the operations of the charitable company. We determined that the most significant laws and regulations included, but were not limited to, United Kingdom Generally Accepted Accounting Practice, Companies Act 2006, distributable profits legislation and tax legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statements items. Our tests including agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and review of correspondence with external legal advisors.

We assessed the susceptibility of the charitable company’s financial statements to material misstatement including how fraud might occur. Audit procedures performed by the engagement team included:

Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
Inquiring of management and those charged with governance about any known actual, suspected or alleged fraud;
Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
Challenging assumptions and judgements made by management in its significant accounting estimates; and
Identifying and testing journal entries, in particular any journal entries with unusual characteristics or posted by senior management.

Our audit did not identify any key audit matters relating to the detection of irregularities including fraud. However, despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit, and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 6

Report of the Independent Auditors to the Members of King David and Harold House Foundation

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Forshaw (Senior Statutory Auditor) for and on behalf of Haines Watts Statutory Auditor 3rd Floor Pacific Chambers 11-13 Victoria Street Liverpool Merseyside L2 5QQ Date: .............................................

Page 7

King David and Harold House Foundation

Statement of Financial Activities

for the Year Ended 31 March 2021

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Other trading activities 4 Investment income 5 Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Charitable activities Support costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 107,233 309,109 192 416,534 54,948 401,090 6,600 462,638 (46,104) 30,013,570 29,967,466	Restricted funds £ - - - - - - - - - 4,117 4,117	31.3.21 Total funds £ 107,233 309,109 192 416,534 54,948 401,090 6,600 462,638 (46,104) 30,017,687 29,971,583	31.3.20 Total funds £ 123,492 403,251 731
				527,474 56,826 442,839 6,600
				506,265
				21,209 29,996,478
				30,017,687

The notes form part of these financial statements

Page 8

King David and Harold House Foundation

Balance Sheet

31 March 2021

Notes FIXED ASSETS Tangible assets 12 Heritage assets 13 CURRENT ASSETS Debtors 14 Cash at bank and in hand CREDITORS Amounts falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds Restricted funds TOTAL FUNDS	Unrestricted funds £ 29,774,744 36,500 29,811,244 10,457 191,843 202,300 (46,078) 156,222 29,967,466 29,967,466	Restricted funds £ - - - - 4,117 4,117 - 4,117 4,117 4,117	31.3.21 Total funds £ 29,774,744 36,500 29,811,244 10,457 195,960 206,417 (46,078) 160,339 29,971,583 29,971,583 29,967,466 4,117 29,971,583	31.3.20 Total funds £ 29,774,744 36,500 29,811,244 11,153 262,999 274,152 (67,709) 206,443 30,017,687 30,017,687 30,013,570 4,117 30,017,687

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. J Reuben - Trustee

The notes form part of these financial statements

Page 9

King David and Harold House Foundation

Cash Flow Statement

for the Year Ended 31 March 2021

Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash (used in)/provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	31.3.21 £ (67,039) (192) (67,231) 192 192 (67,039) 262,999 195,960	31.3.20 £ 34,655 (312) 34,343 731 731 35,074 227,925 262,999

The notes form part of these financial statements

Page 10

King David and Harold House Foundation

Notes to the Cash Flow Statement

for the Year Ended 31 March 2021

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest received Interest paid Decrease in debtors (Decrease)/increase in creditors Net cash (used in)/provided by operations	31.3.21 £ (46,104) (192) 192 696 (21,631) (67,039)	31.3.20 £ 21,209 (731) 312 11,878 1,987 34,655

2. ANALYSIS OF CHANGES IN NET FUNDS

	At 1.4.20	Cash flow	At 31.3.21
	£	£	£
Net cash
Cash at bank and in hand	262,999	(67,039)	195,960
	262,999	(67,039)	195,960
Total	262,999	(67,039)	195,960

The notes form part of these financial statements

Page 11

King David and Harold House Foundation

Notes to the Financial Statements for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

King David and Harold House Foundation is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Trustees Report.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

King David and Harold House Foundation meets the definition of a public benefit entity under FRS 102.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Government grants

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is not charged on the freehold property as the trustees consider the asset to have a high residual value which removes the need for depreciation. Instead it is valued regularly by the trustees in line with the Charities SORP, this ensures that the carrying amount does not differ materially from the fair value.

Heritage assets

These assets relate to religious scrolls and musical instruments donated to the foundation and accordingly they are included in the balance sheet at valuation. It is the foundation's policy to maintain the items in a good state of repair and expenditure incurred in order to reserve such assets is recognised in the statement of financial activities as it is incurred. The residual balance of these assets is considered each year and depreciation is charged if required.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

Page 12

King David and Harold House Foundation

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

2. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

3. DONATIONS AND LEGACIES

General donations Foundation contributions General contributions Tax reclaimed Subscriptions 4. OTHER TRADING ACTIVITIES Miscellaneous income Kindergarten income Appeal income 5. INVESTMENT INCOME Deposit account interest	31.3.21 £ 14,371 17,680 59,957 15,087 138 107,233 31.3.21 £ 10,085 298,904 120 309,109 31.3.21 £ 192	31.3.20 £ 2,037 23,143 77,485 20,689 138
		123,492
		31.3.20 £ 2,146 400,985 120
		403,251
		31.3.20 £ 731

continued...

Page 13

King David and Harold House Foundation

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

6. RAISING FUNDS

Raising donations and legacies

Staff costs Insurance Campus recharges Telephone Postage,stationery and advertising Affiliation fee Computer expenses Interest payable and similar charges CHARITABLE ACTIVITIES COSTS Charitable activities Support costs	31.3.21 £ 28,184 4,915 13,375 345 3,042 103 4,792 192 54,948 Support Direct costs (see Costs note 8) £ £ 401,090 - - 6,600 401,090 6,600	31.3.20 £ 26,876 5,667 15,305 344 1,950 140 6,232 312 56,826 Totals £ 401,090 6,600	31.3.20 £ 26,876 5,667 15,305 344 1,950 140 6,232 312
			56,826
		407,690

7. CHARITABLE ACTIVITIES COSTS

8. SUPPORT COSTS

Support costs

Governance costs £ 6,600

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	31.3.21	31.3.20
	£	£
Auditors' remuneration	6,600	6,600

continued...

Page 14

King David and Harold House Foundation

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

11. STAFF COSTS

Wages and salaries Social security costs The average monthly number of employees during the year was as follows: Education Administration No employees received emoluments in excess of £60,000.		31.3.21 £ 340,688 10,740 351,428 31.3.21 13 1 14		31.3.20 £ 358,537 10,003
				368,540
				31.3.20 17 1 18

12. TANGIBLE FIXED ASSETS

COST At 1 April 2020 and 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020	Freehold property £ 29,774,744
	29,774,744
	29,774,744

Page 15

continued...

King David and Harold House Foundation

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

13. HERITAGE ASSETS MARKET VALUE At 1 April 2020 and 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 These assets relate to religious scrolls and musical instruments. 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments & other debtors Gift aid reclaimed 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Social security and other taxes 16. MOVEMENT IN FUNDS At 1.4.20 £ Unrestricted funds General fund 30,013,570 Restricted funds Beth David Fund 3,617 Jewish Enrichment New Campus 500 4,117 TOTAL FUNDS 30,017,687	31.3.21 £ 6,886 3,571 10,457 31.3.21 £ 43,437 2,641 46,078 Net movement in funds £ (46,104) - - - (46,104)	Total £ 36,500 36,500 36,500 31.3.20 £ 6,301 4,852 11,153 31.3.20 £ 65,695 2,014 67,709 At 31.3.21 £ 29,967,466 3,617 500	Total £ 36,500
			36,500
			36,500
			31.3.20 £ 6,301 4,852
			11,153
			31.3.20 £ 65,695 2,014
			67,709
		4,117
		29,971,583

Page 16

continued...

King David and Harold House Foundation

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming resources £ Unrestricted funds General fund 416,534 TOTAL FUNDS 416,534 Comparatives for movement in funds At 1.4.19 £ Unrestricted funds General fund 29,992,361 Restricted funds Beth David Fund 3,617 Jewish Enrichment New Campus 500 4,117 TOTAL FUNDS 29,996,478 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 527,474 TOTAL FUNDS 527,474	Resources expended £ (462,638) (462,638) Net movement in funds £ 21,209 - - - 21,209 Resources expended £ (506,265) (506,265)	Movement in funds £ (46,104) (46,104) At 31.3.20 £ 30,013,570 3,617 500 4,117 30,017,687 Movement in funds £ 21,209 21,209

continued...

Page 17

King David and Harold House Foundation

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

16. MOVEMENT IN FUNDS - continued

Analysis of net assets between funds - Previous year

Fixed assets Current assets Creditors falling due within one year	Unrestricted funds £'000 29,811,244 246,839 (65,722) 29,992,361	Restricted funds £'000 - 4,117 - 4,117	Total £'000 29,811,244 250,956 (65,722) 29,996,478

17. RELATED PARTY DISCLOSURES

Merseyside Jewish Community Care (an incorporated registered charity, charity number 1122902)

Trustee M A Fraenkel is currently a trustee of Merseyside Jewish Community Care, during the year ended 31 March 2021 Merseyside Jewish Community Care provided administrative services to King David and Harold House Foundation at a cost of £nil (2020: £3,800). The trustee concerned did not influence or benefit from these transactions. As at 31 March 2021 Merseyside Jewish Community Care was owed £nil (2020: £3,800) by King David and Harold House Foundation.

18. WINDING UP OR DISSOLUTION OF THE FOUNDATION

The foundation is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Page 18

King David and Harold House Foundation

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

INCOME AND ENDOWMENTS Donations and legacies General donations Foundation contributions General contributions Tax reclaimed Subscriptions Other trading activities Miscellaneous income Kindergarten income Appeal income Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Wages Social security Insurance Campus recharges Telephone Postage,stationery and advertising Affiliation fee Computer expenses Bank charges Charitable activities Wages & Grants Social security Contribution to costs of community activity coordinator Kindergarten equipment and miscellaneous Carried forward	31.3.21 £ 14,371 17,680 59,957 15,087 138 107,233 10,085 298,904 120 309,109 192 416,534 25,897 2,287 4,915 13,375 345 3,042 103 4,792 192 54,948 314,791 8,453 - 28,441 351,685	31.3.20 £ 2,037 23,143 77,485 20,689 138
		123,492 2,146 400,985 120
		403,251 731
		527,474 24,672 2,204 5,667 15,305 344 1,950 140 6,232 312
		56,826 333,865 7,799 3,800 45,619 391,083

This page does not form part of the statutory financial statements

Page 19

King David and Harold House Foundation

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities for the Year Ended 31 March 2021
Charitable activities Brought forward Kindergarten Campus recharges Kashrut supervision Prizes Community centre charges Support costs Governance costs Auditors' remuneration Total resources expended Net (expenditure)/income	31.3.21 £ 351,685 44,373 4,200 637 195 401,090 6,600 462,638 (46,104)	31.3.20 £ 391,083 45,916 4,200 665 975
		442,839 6,600
		506,265
		21,209

This page does not form part of the statutory financial statements

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