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|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|
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|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||||
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||||||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|
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|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|
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|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|
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|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|
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||Donations|||||||
||Donations||||1,283,856|195,822|1,479,678|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2020|
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||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|
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||||||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|
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|||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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