COMPANY REGISTRATION NUMBER: 09166135 CHARITY REGISTRATION NUMBER: 1160643
KH D'SATMAR LTD Company Limited by Guarantee Unaudited Financial Statements
31 August 2022
ACCOUNTS & BUSINESS SOLUTIONS LIMITED
Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE
KH D'SATMAR LTD
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2022
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Statement of cash flows | 8 |
| Notes to the financial statements | 9 |
KH D'SATMAR LTD
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2022.
Reference and administrative details
Registered charity name KH D'SATMAR LTD
Charity registration number 1160643 Company registration number 09166135 Principal office and registered 315-317 Great Clowes Street office Salford England M7 2FZ
The trustees
Mr L Tager Mr A Grossberger Mr Y Horowitz
Independent examiner Ian Graff FCCA 158 Cromwell Road Salford M6 6DE
Structure, governance and management
The directors/trustees who served the charity during the period were as follows:
Avigdor Grossberger (Director and Trustee) Yoel Horowitz (Director and Trustee) Lipa Tager (Director and Trustee)
The day-to-day affairs are undertaken by a manager on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give their time freely.
Objectives and activities
-
To extend, develop and maintain the building of the synagogue in 37 Northumberland Street, Salford, known as the Beth Hamedrash Satmar Veyoel Moshe.
-
To provide grants and donations to needy individuals / charitable organisations in the community The charity is committed to the aim of providing public benefit, and the trustees have considered the Charity Commission's published guidance on public benefit.
-
To operate an out of school club and community centre.
- 1 -
KH D'SATMAR LTD
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2022
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The trustees are pleased to report that during the year the charity had incoming resources totalling £555,271 (2021 - £727,859). There was a net surplus for the year of £146,169 (2021 - surplus £501,318) The charity gave £130,909 (2021 - £161,022) by way of grants and donations to charitable organisations and individuals.
During the year the Charity organised and hosted the Grand Rabbi of Satmar from New York. Which was a religious and spiritually uplifting experience for the UK based community, attracting thousands of pilgrims nationally. For the travelling pilgrims who required accommodation the charity arranged accommodation within the local community. This was funded by our generous donors.
Financial review
Reserves policy
The charity holds reserves in order to ensure that it can maintain the level of support that it is currently providing to the community in which it operates
Risk Management
The process of examining the risks to which the Charity is exposed is ongoing and the trustees are planning to further develop systems to monitor and control these risks in order to lessen their potential impact on the Charity.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small company’s exemption.
The trustees' annual report and the strategic report were approved on 16 May 2023 and signed on behalf of the board of trustees by:
Mr A Grossberger Trustee
Charity Secretary
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KH D'SATMAR LTD
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of KH D'SATMAR LTD
Year ended 31 August 2022
I report to the trustees on my examination of the financial statements of KH D'SATMAR LTD ('the charity') for the year ended 31 August 2022.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
- 3 -
KH D'SATMAR LTD
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of KH D'SATMAR LTD (continued)
Year ended 31 August 2022
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ian Graff FCCA Independent Examiner 158 Cromwell Road Salford M6 6DE
- 4 -
KH D'SATMAR LTD
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 August 2022
| 2022 | 2022 | 2021 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 523,225 | 523,225 | 629,187 |
| Charitable activities | 6 | – | – | 44,829 |
| Investment income | 32,046 | 32,046 | 53,843 | |
| --------------------------------- | --------------------------------- | --------------------------------- | ||
| Total income | 555,271 | 555,271 | 727,859 | |
| ================================= | ================================= | ================================= | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of raising donations | 7 | 10,091 | 10,091 | 24,813 |
| Expenditure on charitable activities | 8,9 | 399,011 | 399,011 | 201,728 |
| --------------------------------- | --------------------------------- | --------------------------------- | ||
| Total expenditure | 409,102 | 409,102 | 226,541 | |
| ================================= | ================================= | ================================= | ||
| --------------------------------- | --------------------------------- | --------------------------------- | ||
| Net income and net movement in funds | 146,169 | 146,169 | 501,318 | |
| ================================= | ================================= | ================================= | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 949,466 | 949,466 | 448,148 | |
| ------------------------------------------- | ------------------------------------------- | --------------------------------- | ||
| Total funds carried forward | 1,095,635 | 1,095,635 | 949,466 | |
| =========================================== | =========================================== | ================================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 17 form part of these financial statements.
- 5 -
KH D'SATMAR LTD
Company Limited by Guarantee
Statement of Financial Position
31 August 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Intangible assets | 16 | 2,019 | 2,524 | |
| Tangible fixed assets | 17 | 1,929,933 | 1,829,128 | |
| ------------------------------------------- | ------------------------------------------- | |||
| 1,931,952 | 1,831,652 | |||
| Current assets | ||||
| Debtors | 18 | 158,337 | 233,937 | |
| Cash at bank and in hand | 67,652 | 9,915 | ||
| --------------------------------- | --------------------------------- | |||
| 225,989 | 243,852 | |||
| Creditors: amounts falling due within one year | 19 | 408,869 | 434,396 | |
| --------------------------------- | --------------------------------- | |||
| Net current liabilities | 182,880 | 190,544 | ||
| ------------------------------------------- | ------------------------------------------- | |||
| Total assets less current liabilities | 1,749,072 | 1,641,108 | ||
| Creditors: amounts falling due after more than | ||||
| one year | 20 | 653,437 | 691,642 | |
| ------------------------------------------- | ------------------------------------------- | |||
| Net assets | 1,095,635 | 949,466 | ||
| =========================================== | =========================================== | |||
| Funds of the charity | ||||
| Unrestricted funds | 1,095,635 | 949,466 | ||
| ------------------------------------------- | --------------------------------- | |||
| Total charity funds | 21 | 1,095,635 | 949,466 | |
| =========================================== | ================================= |
For the year ending 31 August 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page.
The notes on pages 9 to 17 form part of these financial statements.
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KH D'SATMAR LTD
Company Limited by Guarantee
Statement of Financial Position (continued)
31 August 2022
These financial statements were approved by the board of trustees and authorised for issue on 16 May 2023, and are signed on behalf of the board by:
Mr A Grossberger Trustee
The notes on pages 9 to 17 form part of these financial statements.
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KH D'SATMAR LTD
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 August 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 146,169 | 501,318 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 4,799 | 1,628 |
| Amortisation of intangible assets | 505 | 631 |
| Dividends, interest and rents from investments | (32,044) | (53,842) |
| Other interest receivable and similar income | (2) | (1) |
| Interest payable and similar charges | 27,645 | 24,353 |
| Accrued expenses | 400 | 100 |
| Changes in: | ||
| Trade and other debtors | 75,600 | (233,937) |
| Trade and other creditors | (25,927) | 336,369 |
| --------------------------------- | --------------------------------- | |
| Cash generated from operations | 197,145 | 576,619 |
| Interest paid | (27,645) | (24,353) |
| Interest received | 2 | 1 |
| --------------------------------- | --------------------------------- | |
| Net cash from operating activities | 169,502 | 552,267 |
| ================================= | ================================= | |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 32,044 | 53,842 |
| Purchase of tangible assets | (105,604) | (402,423) |
| --------------------------------- | --------------------------------- | |
| Net cash used in investing activities | (73,560) | (348,581) |
| ================================= | ================================= | |
| Cash flows from financing activities | ||
| Proceeds from borrowings | (38,205) | (202,656) |
| --------------------------------- | --------------------------------- | |
| Net cash used in financing activities | (38,205) | (202,656) |
| ================================= | ================================= | |
| Net increase in cash and cash equivalents | 57,737 | 1,030 |
| Cash and cash equivalents at beginning of year | 9,915 | 8,885 |
| ----------------------------- | ------------------------ | |
| Cash and cash equivalents at end of year | 67,652 | 9,915 |
| ============================= | ======================== |
The notes on pages 9 to 17 form part of these financial statements.
- 8 -
KH D'SATMAR LTD
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 315-317 Great Clowes Street, Salford, England, M7 2FZ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
- 9 -
KH D'SATMAR LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
- 10 -
KH D'SATMAR LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
3. Accounting policies (continued)
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Software - 20% reducing balance
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 20% reducing balance
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KH D'SATMAR LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
4. Limited by guarantee
KH D'Satmar LTD is a company limited by guarantee incorporated on 7 August 2018 and is governed by its memorandum and articles of association. The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors/trustee’s meetings.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations and Legacies | 523,225 | 523,225 | 629,187 | 629,187 | |
| ================================= | ================================= | ================================= | ================================= | ||
| 6. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Parental fees and contributions | – | – | 44,829 | 44,829 | |
| ============== | ============== | ============================= | ============================= | ||
| 7. | Costs of raising donations | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Fundraising costs | 10,091 | 10,091 | 24,813 | 24,813 | |
| ============================= | ============================= | ============================= | ============================= |
- 12 -
KH D'SATMAR LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
8. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Charitable activities | 394,885 | 394,885 | 199,530 | 199,530 |
| Support costs | 4,126 | 4,126 | 2,198 | 2,198 |
| --------------------------------- | --------------------------------- | --------------------------------- | --------------------------------- | |
| 399,011 | 399,011 | 201,728 | 201,728 | |
| ================================= | ================================= | ================================= | ================================= |
9. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding |
Support | Total funds | Total fund | |
| directly | of activities |
costs | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Charitable activities | 263,976 | 130,909 |
1,626 | 396,511 | 199,530 |
| Governance costs | – | – |
2,500 | 2,500 | 2,198 |
| --------------------------------- | --------------------------------- | ------------------------ | --------------------------------- | --------------------------------- | |
| 263,976 | 130,909 |
4,126 | 399,011 | 201,728 | |
| ================================= | ================================= | ======================== | ================================= | ================================= |
10. Analysis of support costs
| Analysis of | |||
|---|---|---|---|
| support costs | Total 2022 | Total 2021 | |
| £ | £ | £ | |
| Staff costs | 1,626 | 1,626 | – |
| Governance costs | 2,500 | 2,500 | 2,198 |
| ------------------------ | ------------------------ | ------------------------ | |
| 4,126 | 4,126 | 2,198 | |
| ======================== | ======================== | ======================== |
- 13 -
KH D'SATMAR LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
| 11. | Analysis of grants | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Grants to institutions | |||
| Bederech Kovod | 1,000 | 5,799 | |
| Beis Hatalmud | – | 1,632 | |
| Beis Ruchel School | 15,740 | 3,458 | |
| Chasdei Aharon Ltd | 7,000 | 40,000 | |
| Choimel Dalim | – | 3,837 | |
| College For Higher Rabbinical Studies | – | 10,000 | |
| Congregation Sharei Sholom Ltd | – | 10,000 | |
| Grants under £1000 | – | 1,650 | |
| Friends of Yeshiva Luzern | – | 3,600 | |
| Bemosh Ltd | 1,000 | – | |
| Chernobel Shul | 600 | – | |
| Menicho Vesimcho | 800 | – | |
| Shir Chesed Beis Yisroel | 6,479 | – | |
| Talmud Torah Yetev Lev | 1,700 | – | |
| Yeshiva Ketane D'satmar | 2,600 | – | |
| Zoreya Tzedokos | 58,192 | – | |
| ----------------------------- | ----------------------------- | ||
| 95,111 | 79,976 | ||
| Grants to individuals | |||
| Relief of poverty | 35,798 | 81,046 | |
| --------------------------------- | --------------------------------- | ||
| Total grants | 130,909 | 161,022 | |
| ================================= | ================================= | ||
| 12. | Net income | ||
| Net income is stated after charging/(crediting): | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Amortisation of intangible assets | 505 | 631 | |
| Depreciation of tangible fixed assets | 4,799 | 1,628 | |
| Operating lease rentals | 35,170 | – | |
| ============================= | ======================== | ||
| 13. | Independent examination fees | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 2,500 | 2,100 | |
| ======================== | ======================== |
- 14 -
KH D'SATMAR LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 2,537 | 1,622 |
| ======================== | ======================== | |
| The average head count of employees during the year was Nil (2021: 1). The average | number of | |
| full-time equivalent employees during the year is analysed as follows: | ||
| 2022 | 2021 | |
| No. | No. | |
| Administrative | – | 1 |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
15. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
16. Intangible assets
| Software | |
|---|---|
| costs | |
| £ | |
| Cost | |
| At 1 September 2021 and 31 August 2022 | 4,815 |
| ======================== | |
| Amortisation | |
| At 1 September 2021 | 2,291 |
| Charge for the year | 505 |
| ------------------------ | |
| At 31 August 2022 | 2,796 |
| ======================== | |
| Carrying amount | |
| At 31 August 2022 | 2,019 |
| ======================== | |
| At 31 August 2021 | 2,524 |
| ======================== |
- 15 -
KH D'SATMAR LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
17. Tangible fixed assets
| Land and | ||||
|---|---|---|---|---|
| buildings | Equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 September 2021 | 1,822,618 | 12,212 | 1,834,830 | |
| Additions | 88,119 | 17,485 | 105,604 | |
| ------------------------------------------- | ----------------------------- | ------------------------------------------- | ||
| At 31 August 2022 | 1,910,737 | 29,697 | 1,940,434 | |
| =========================================== | ============================= | =========================================== | ||
| Depreciation | ||||
| At 1 September 2021 | – | 5,702 | 5,702 | |
| Charge for the year | – | 4,799 | 4,799 | |
| ------------------------------------------- | ----------------------------- | ------------------------------------------- | ||
| At 31 August 2022 | – | 10,501 | 10,501 | |
| =========================================== | ============================= | =========================================== | ||
| Carrying amount | ||||
| At 31 August 2022 | 1,910,737 | 19,196 | 1,929,933 | |
| =========================================== | ============================= | =========================================== | ||
| At 31 August 2021 | 1,822,618 | 6,510 | 1,829,128 | |
| =========================================== | ============================= | =========================================== | ||
| 18. | Debtors | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Other debtors | 158,337 | 233,937 | ||
| ================================= | ================================= | |||
| 19. | Creditors: amounts falling due within one year | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Accruals and deferred income | 2,500 | 2,100 | ||
| Social security and other taxes | – | 927 | ||
| Other creditors | 406,369 | 431,369 | ||
| --------------------------------- | --------------------------------- | |||
| 408,869 | 434,396 | |||
| ================================= | ================================= | |||
| 20. | Creditors: amounts falling due after more than one year | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Bank loans and overdrafts | 653,437 | 691,642 | ||
| ================================= | ================================= |
- 16 -
KH D'SATMAR LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2022
21. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At 1 Sept 21 | Income | Expenditure | At 31 Aug 22 | |
| £ | £ | £ | £ | |
| General funds | 949,466 | 555,271 | (409,102) | 1,095,635 |
| ================================= | ================================= | ================================= | =========================================== | |
| At 1 Sept 20 | Income | Expenditure | At 31 Aug 21 | |
| £ | £ | £ | £ | |
| General funds | 448,148 | 727,859 | (226,541) | 949,466 |
| ================================= | ================================= | ================================= | ================================= | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2022 | |||
| £ | £ | |||
| Intangible assets | 2,019 | 2,019 | ||
| Tangible fixed assets | 1,929,933 | 1,929,933 | ||
| Current assets | 225,989 | 225,989 | ||
| Creditors less than 1 year | (408,869) | (408,869) |
||
| Creditors greater than 1 year | (653,437) | (653,437) |
||
| ------------------------------------------- | ------------------------------------------- | |||
| Net assets | 1,095,635 | 1,095,635 | ||
| =========================================== | =========================================== | |||
| Unrestricted | Total Funds | |||
| Funds | 2021 | |||
| £ | £ | |||
| Intangible assets | 2,524 | 2,524 | ||
| Tangible fixed assets | 1,829,128 | 1,829,128 | ||
| Current assets | 243,852 | 243,852 | ||
| Creditors less than 1 year | (467,173) | (467,173) |
||
| Creditors greater than 1 year | (658,865) | (658,865) |
||
| ------------------------------------------- | ------------------------------------------- | |||
| Net assets | 949,466 | 949,466 | ||
| =========================================== | =========================================== | |||
| Analysis of changes in net debt | ||||
| At 1 Sep 21 | Cash flows | At 31 Aug 22 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 9,915 | 57,737 | 67,652 | |
| Debt due after one year | (691,642) | 38,205 | (653,437) | |
| --------------------------------- | ----------------------------- | --------------------------------- | ||
| (681,727) | 95,942 | (585,785) | ||
| ================================= | ============================= | ================================= |
22. Analysis of net assets between funds
23. Analysis of changes in net debt
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