2021-04-05-accounts

					Page
Trustees'	annual report	(incorporating	the director's report)
Independent auditor's		report to the members
Statement	offinancial	activities (including		income and expenditure
account)					14
Statement	offinancial	position			15
Statement	ofcash flows				16
Notes to	the financial	statements			17

financial s	tatements ofthe charit	tatements ofthe charit	y for the year ende	d 5 Ap	ril 2021.
Reference	and administrative		details
Registered	charity name		Project S.E.E,D	Limited
Charity registration		number	1155460
Company	registration	number	03805072
Principal	office		Mowbzay House
office			58-70Edgware Way
			Edgware
			Middlesex
			HA8 8DJ
Registered	office		New Burlington	House
			1075Finchley Road
			London
			NW11 OPU
The trustees			Rabbi H Ebrentreu
			Mr M Bordon
			Mr MZ Morris
			Mr D Rosenthal
Auditor			Cohen Arnold
			Chartered accountants		&statutory	auditor
			New Burlington	House
			1075Finchley Road
			LONDON
			NW11 OPU

					2021		2020
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	g
Income and endowments
Donations and legacies			5	1,283,856	195,822	1,479,678	1,697,361
Charitable activities			6	46,812		46,812	227,617
Other trading activities			7	38,200		38,200
Investment income			8	11		11	1,696
Other income			9	279,492		279,492
Total income				1,648,371	195,822	1,844,193	1,926,674
Expenditure
Expenditure on raising funds:
Costs ofraising donations		snd
legacies			10	31,126		31,126	22,379
Expenditure on charitable	activities		11,12	1,512,855	86,600	1,599,455	1,992,439
Total expenditure				1,543,981	86,600	1,630,581	2,014,818
Net income/(expenditure)				104,390	109,222	213,612	(88,144)
Transfers between funds				196,229	(196,229)
Net movement in funds				300,619	(87,007)	213,612	(88,144)
Reconciliation offunds
Total funds brought forward				315,460	232,007	547,467	635,611
Total funds carried forward				616,079	145,000	761,079	547,467

5April 202	1
					2021	2020
				Nate
Fixed assets
Tangible fixed assets				17	120,409	84,809
Current assets
Debtors				18	83,351	139,246
Cash at bank	and in hand				800,493	611,700
					883,844	750,946
Creditors: amounts		falling due within	one year	20	66,369	93,466
1%etcurrent	assets				817,475	657,480
Total assets	less current liabilities				937,884	742,289
Creditors: amounts		falling due after	more than one year	21	176,805	194,822
Net assets					761,079	547,467
Funds ofthe	charity
Restricted funds					145,000	232,007
Unrestricted	funds				616,079	315,460
Total charity funds				23	761,079	547,467

Year ended 5April 2021
			2021	2020
		Note	g
Cash flows from operating Net income/(expenditure)	activities		213,612	(88,144)
Adjustments for: Depreciation oftangible fixed assets Dividends, interest and rents from investments			20,167	18,956 (1,696)
Other interest receivable and similar income			(11)
Interest payable and similar Accrued (income)/expenses	charges		4,732 (63,676)	6,259 71,476
Changesin:
Trade and other debtors			55,895	(23,145)
Trade and other creditors			17,804	(38,378)
Cash generated from operations			248,523	(54,672)
Interest paid			(4,732)	(6,259)
Interest received			11
Net cash fiom/(used in) operating activities			243,802	(60,931)
Cash flows from investing	activities
Dividends, interest snd rents	from investments			1,696
Purchase oftangible assets			(55,767)	(5,308)
Net cash used in investing activities			(55,767)	(3,612)
Net increase/(decrease) in	cash and cash equivalents		188,035	(64,543)
Cash and cash equivalents	at beginning ofyear		611,700	676,243
Cash and cash equivalents	at end ofyear	19	799,735	611,700

5.	The charity Donations	is a company limi and legacies	ted by gua	rantee and has	no share capit	al.
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
					6
	Donations
	Donations				1,283,856	195,822	1,479,678
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2020
					6
	Donations
	Donations				1,383,979	313,382	1,697,361
6.	Charitable	activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
						5
	Other income from charitable		activities	46,812	46,812	227,617	227,617

					Unrestricted	Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2021	Funds	2020
							8		8
	Fundraising		income			38,200	38,200
8.	Investment		income
					Unrestricted		Total Funds	Unrestricted	Total Funds
						Funds	2021	Funds	2020
							f		E
	Income from		other investments					1,696	1,696
	Bank interest		receivable			11	11
						11	11	1,696	1,696
9.	Other income
					Unrestricted		Total Funds	Unrestricted	Total Funds
						Funds	2021	Funds	2020
							K
	Coronsvirus		Job Retention	Scheme
	Grant				279,492		279,492
10.	Costs ofraising donations			and legacies
					Unrestricted		Total Funds	Unrestricted	Total Funds
						Funds	2021	Funds	2020
									f,
	Costs ofraising donations			and legacies
	-Donations					31,126	31,126	22,379	22,379
11.	Expenditure		on charitable	activities by fund		type
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2021
	Seminars,	courses and community			programmes		1,493,662	86,600	1,580,262
	Supportcosts						19,193		19,193
							1,512,855	86,600	1,599,455
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2020
									E
	Seminars, courses and community				programmes		1,775,041	210,446	1,985,487
	Support costs						6,952		6,952
							1,781,993	210,446	1,992,439

		Activities
		undertaken	Grant funding		Total funds	Total fund
		directly f	ofactivities f	Support costs f	2021 f	2020
Seminars, courses and
community	programmes	1,578,247	2,015		1,580,262	1,985,487
Governance	costs			19,193	19,193	6,952
		1,578,247	2,015	19,193	1,599,455	1,992,439

13.	Net income/(expenditure)
	Net income/(expenditure)	is stated after charging/(crediting):
				2021	2020
	Depreciation oftangible	fixed assets		20,167	18,956
	Foreign exchange differences			(40)
14.	Auditors' remuneration
				2021	2020
				f
	Fees payable for the audit ofthe financial		statements	7,800	6,702

The total	staff costs and	employee benefits for the reporting period are analysed as	employee benefits for the reporting period are analysed as	follows:
			2021	2020
Wages and salaries			957,876	946,843
Social security costs			75,779	63,050
Employer	contributions	to pension plans	52,297	53,352
			1,085,952	1,063,245

The average head count o	femployees during t	he year was 42 (2020:42).
The number ofemployees	whose remuneration	for the year fell within the following	bands, were:
		2021	2020
		No.	Nc.
f60000tof69999		1	1

17.	expenses incurred by the tr Tangible fixed assets	ustees for services prov	ided to t	he charity.
		Long
		leasehold Fixtures and			Torah
		property f	fittings	Equipment t	scrolls s	Total
	Cost
	At 6April 2020	81,273	75,204	34,433		190,910
	Additions	14,221		540	41,006	55,767
	At 5April 2021	95,494	75,204	34,973	41,006	246,677
	Depreciation
	At 6April 2020	28,948	53,923	23,230		106,101
	Charge for the year	11,091	5,320	2,936	820	20,167
	At 5April 2021	40,039	59,243	26,166	820	126,268
	Carrying amount
	At 5April 2021	55,455	15,961	8,807	40,186	120,409
	At 5 April 2020	52,325	21,281	11,203		84,809
18.	Debtors
					2021	2020
						t:
	Prepayments and accrued income				22,274	52,005
	Other debtors				61,077	87,241
					83,351	139,246
19.	Cash and cash equivalents
	Cash and cash equivalents	comprise the following:
					2021	2020
	Cash atbank and in hand				800,493	611,700
	Bank overdrafts				(758)
					799,735	611,700

20.	Creditors: amounts	falling due within one year
			2021	2020
	Bank loans and overdrafts		758
	Trade creditors		26,607
	Accruals and deferred income		7,800	71,476
	Social security and other taxes		18,834	21,990
	Other creditors		12,370
			66,369	93,466
21.	Creditors: amounts	falling due after more than one year
			2021	2020
	Other creditors		176,805	194,822

Unrestri	cted funds
			At				At
		6	April 2020	Income t	Expenditure	Transfers f	5April 2021
General	funds		315,460	1,648,371	(1,543,981)	196,229	616,079
			At				At
		6	April 2019	Income	Expenditure	Tmnsfers	5April 2020
							s
General	funds		507,708	1,613,292	(1,804,372)	(1,168)	315,460

Restricted funds
			At				At
		6April 2020		Income	Expenditure	Transfers f	5April 2021
Restricted Funds			232,007	195,822	(86,600)	(196,229)	145,000
			At				At
		6April 2019 f,		Income f	Expenditure f.	Transfers f	5 April 2020
Restricted Funds			127,903	313,382	(210,446)	1,168	232,007
Analysis ofnet assets between			funds
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
					f.
Tangible fixed assets					120,408		120,408
Current assets					733,845	150,000	883,845
Creditors less than	1 year				(66,369)		(66,369)
Creditors greater than		1year			(176,805)		(176,805)
Net assets					611,079	150,000	761,079
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2020
						f
Tangible fixed assets					28,071	56,738	84,809
Current assets					575,677	175,269	750,946
Creditors less than	1year				(288,288)		(288,288)
Creditors greater than		1 year
Net assets					315,460	232,007	547,467
Analysis ofchanges in net debt
							At
					At 6Apr 2020	Cash flows	5Apr 2021
Cash at bank and in	hand				611,700	188,793	800,493
Bank overdrafts						(758)	(758)
					611,700	188,035	799,735