REGISTERED CHARITY NUMBER: 1180758 Report of the Trustses and Financial Statgments foi the Yèar Endad 30 September 2021 lor Blmilnghom Jewlsh Communlty Care Locke Williams Associates LLP Chartered AccoLJntant Registered Auditors ejo Blackthorn House Sl Pauls Squaie Birmingham Wesl Midland3 B3 1RL
Birmingham Jewish Community Care
Contents of the Financial Statements for the Year Ended 30 September 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Report of the Independent Auditors | 6 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 21 |
Blmiingham Jewlsh Community Care Report of the Trustees for the Year Ended 30 September 2021 Th¢ trustees present their report with the financial stateTnents ol thtr charity for tho year ended 30 Sept8mber 2021. The trustees have adopted the provisions of Accounting and Repot1ing by Charilies.. Slatem@nl of Recommended Practice applicabltr lo charities preparing their accounts in accordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 Janu8ry 20191. OBJECTIVES AND ACTIVITIES Objectivè5 and aims Blrrringham Jewish Cornmunity Care is committed to ensurfng that membors of the Jewish and local community are able to SUPPOrt and ¢are for one another. Our vislon is ol a society where peoplo 5UPPOrt and care about one 8nolher and are able to participate to the fullest possible exlenl in their eommunity. Signlfleant activities The rnajor activity of the charity was the operation of a residential and nursing horne, Andrew Cohen House, al Slirchley in Bimiingham. The strategy of Ihe ¢h8rily is lo continually improve the quality of care provided at Andrew Cohen House whilst pursuing more donations and legaaes lo help with ongoing projects. Other activities include th8 operation of a luncheon club and Meals to Go service, the prtrvision of social s&rvicp5, art classes, In¢lusive singing grovp and'Dementl8 Café.. Publlc benefit The Trusta6s, having considered 5.17 of the Charities Act 2011, have satisfied themselves that they have complied with the duty lo have reg8rd to the Publie Benefit guidanee publbshed by the Charity Commission. The activities 8nd achievements of the charity are outlined throughout this Trustees Report 8nd we believe demonslrale that the charity is providing public benefit. We have had to take the very difficult dècision to reductr the number of funded placements available at Andrew Cohen House as the funding model falls far short of the actual cost of care. However, fee assistance is provided by the charity for residents in 8ppropriate ¢85e5 after assosslng the needs and means of applicants, their families and any contrfbulion from the Local Authority. We still have over 55% of our Care Home residents that a¥e Local Authority fund¢d. this is a reduction from over 60Qlo last year. Two days a w&ok, we have a luncheon ub which is opf>n lo all members of the community where they Can get a three ¢ourse hot meal. If they have no transport they will be eollecled by our own in-house minlbus. There are a150 regular film shows and outlngs. For those unable lo oook lor whatgver reason, we can offer a limited Meals to Go service. All these services are subsidised by voluntary donations which &n8bles us to keep the costs as low as possible. There is also no geographic restriction lo people acc&ssing our services. Through our Social Care department. we help our seNSce users to obtain the Cor¢[ benefit enllllements through assistance with form filling and Ilalsing with th$ appropriate authorities. Wè also maka grants to the needy either by Monetsry donation or by paying home and care bllls directly whertr it 15 assessed to be needed. Our staff liaise wllh many organisalions and health professionals to arrange appropiiate help and care whtrre we unable to gNe this. Much of our staffs lime is spent in supporting elderly members of the cornmunily living in their own homes as part of'care in the community,. We make no ¢harge for thes& services. Vvith our in-house speclal needs minibus we take elderly m¢mbers of the community shopplng on a weekly basis free of charge. Tha Trustees &nsur& there are funds available to help any Jewish person who wants to live al Andrew Cohen House but has no access to prlvate funds. Pogg 1
Birmlngham Jewish Communlty CBre Report of the Trustèes for the Year Endtrd 30 Sèptember 2021 ACHIEVEMENT AND PERFORMANCE Charitable actlvlties During the period. the average occupancy at Andr&w Cohen House was 93.60A. The occupancy was affectBd by Covid-19. for a period al the start of the pandemic we chostr not lo admit new residents lo allow us lo safeguard our existing residents and stsff. During the period, the charity ha(J a number of inspections by diff8rent Regulatory Bodies and all acknoed9tsd that standards overall h8d remained al a good rating however CQC rated the hom8 Outstanding in Caring, this was during a physical inspection In earfy March 2020. Followng the start of the pandemic most inspection bgcame vlrtual or telephone inspections. Average numbers attending the lunchgon club were very similar lo the previous year until March 2020 when the lunch club was suspended due lo the pandemic, il has yel to resum8. Our Meals lo Go 5eNice was scaled back and is no longer offered routinely, however in October 2020 we started providing a once weekly take out service for residents of Silverstone CoLJrt. We do however provide meals on 8n ad-hoc basis for community member in need. General support care seryices continued lo be provided including signposting lo relevant professionals and faeililatsng the claiming of benefits. Staff training was ntinUed with external and inhouse training, for all needs of care and esperyally with th8 intention of developing work in dementia and end of life care. All but mandatory training 3$e durfng the pandemlc. TraSning has now resumed and we have worked hard to catch up on missed tr8lning. We have added an online training service to supplement our in-hous8 training prtsvision. Fundraislng activltles Donations, grfts and legacies totalled £271,560 up from £221,297 in th8 prgvlous year mainly due to increasecl grants tts control the spread Of Covld-19 and support the stsff durlng the pandemlc. Thè main fundraising activities are usually the bmo annual appeals lor Pesach and Rosh Hashanah. Rosh Hashanah 2019 went ahead bul as Pesach 2020 coincided wllh the b6ginning of the pandemic this appeal did not happen. The Chair of Trustees along with the Director rnad8 a personal appeal to the communlty as initially il looked at thovgh there would be no financial support from central government. This was very successful as WÈS the national appeal which was run by the three largest Jewish organisations in the UK of which we were awarded a small perTrntage. Investment performance Income from tho investment portfolio was slightly Increased from the prevlous year at £44,519 from £43,232, the Investments valu¢s recovere(J from the previous year encl and the¥6 was an overall increase in investment values arising from additions, disp05als and increases in market value of £134,407. Investment objectives sèt for the year were to maximlse total investment return whilst maintaining income within the stri¢t risk limlts laid down by the Twsteè FINANCIAL REVIEW Flnanclal posltion The linancial positron of the company is datail&d in the 8Cn and .howg total fundB of £3,916,)0 at tli¥ of th¥ y¥dr. Prlnclpal funding sources The prindp81 sources of funding are payments from the council and NHS for the CAre of the residents. Investment pollcy and objec¢lvs There are no restrictions Dn the charily's rx)wer lo invest. but the trustees. policy is to avold high risk investments. Their aim Is to maximise total investment return while maintaining income. The investment portfolio is managed by EFG Harris Allday. The Irust8es review investment performance and make investsnent decisions on a quarterfy basis. Page 2
Blrmingham Jewish Community Caro Report of the Trustees ft+r the Year Ended 30 September 2021 FINANCIAL REVIEW RèseNes policy The trustees have detemined that the charity neods reservtrs lo fvnd shortfalls in income when income does not reach expe¢ted levels, lo fund unexpected expenditure and lo fund working capital. The trustees review the adequacy of the level of rèserves during the regular trustee tMe81ings by considering budgeted income and costs over the next six to twelve months. current and expected occupancy levels, cashflows and lorec85ts. As the bulk of work is covered by fees that are charged, the eurrent level of reserves cover operations for the medium term. Th8 trustees consider the present level of reserves is adequate to support the ¢onlSnuatlDn of operations for the medium term, and the financlal position of the charity Is therefore satisfactory. Unrestricted income funds amounted to £3,908,751 at 30 September 2021, bul £2,700,815 of this Is lied up in financing the nursing home property and other tangible fixed a55els. Uncommitted fre8 reserve5 available for financing current activities, represented by funds held on d8posit in addition to the investment portfolio, therefore amounted to £1,207,936. Golng concern The financial statements have been prepared on a going concern basis as the trustees believè that no material uncertainties exist. More detail is gNen m the notes to the accounts. FUTURE PLANS The trustees believe that the charity should provide exc811ent caw for the resldents of Andrgw Cohen House and are delighted that the Care Quallty CommI5sion rated il "Outstanding. for caring in the latest inspection. Our residents and their families and our donors deserve the hlghest possible standards. In the worst public health Crisi5 for a century the staff maintalned flawless infectitsn control and there was minSmal transmissioh of covid-19 withln the horne. A CQC Infèction Control audit in showed that the home had exemplary infection control procedures in pla¢&. The trustees have a rolling programme to improve the facilities in Andrew Cohen House and wll do so whenever funds are available. Therapeutic gardening Involving residents in nature complemenis our dementia Care for which we are a centre of excellence. W8 Shall continue with the Namaste programme of son80ry Stimulation for those at the end stages of dementia and after visiting reslrfctions are Ilfted we shall h051 a monthly 'Dementia Cafe, again on the premiseg in conjunction wllh the local Alzh6imerfs Socitrty. The main rSsk that the Chttrily contiJu¢s to face ¥s that of linanclal suslainablllly. This is a challenge in the whol state-funded adult social care se¢lor due to f8Ctors su¢h as implementaan of the Living Wage, increase in national insurance contribution5 and inadequate fees. BJCC'S approach is to rnaximise income through high levels of occupaney, alongsSde a progiamme of fundraising events and appeals. We continually try to reduce exp8nditure through light control of agency staff use, reviewng procurement, and making economies wherever possible. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by ts goveming docum8nl and constitutes 8 charitable incorporated org8ni5ation ICIOI. Recrultment and appolntment of new trust•e8 New proposed trustees are recommended by existing trustees and a (liscussion is held al the next truslges, mèeting. The proposed trustee would b8 Invited lo hav& a meeting with the Chair to detemiine rf they are interested, suitable and could bring benefit to the charlty as a trustee. If the outeome is poS1ve on both sides then they would be invit6d to attend a trustees. meellng to confirm their Interest. Page 3
Blrmlngham Jewish Community Carè Report of th¢ TNstees for the Year Ended 30 September 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT OrganlsatÉonal structur¢ The Iruste&s rneel on a regular basis to manage the affairs of the charity and lo formulalg policy. The day lo day operation of the charity was delegated lo the Charlly GEO and Home Manager. Mrs SharDn Grey. The trustees act as custodlan trustees tor th& ch8rily's interest in the leasehold1and and buildings at Andrew Cohen Hous8. Decislon maklng Day to day decisions are taken jointly by Sharon Grey. CEO and Klrsty Tumer, Business 8nd Finance Manager. Slrateglc decislons are discussed and agreed at the bi-monthly Twstees meellngs. Indu¢tlon and tralnlng of new tru$tees New trustees are given copies of the ConstitLJtion. A number of publications from the Charlly Commission in hard opy or electronic form are provided in¢luding the guldan¢e on charitie5 and on the provision of care and medical tr8alment for the public benefit. Key management remuneration The Charity Directors salary was paid in line with other charities of a similar size. The new CEO Is 8 combined role with the p051tion of Home Manager and the salary falls w811 within the ranges of s818ries paid by similar organisalions for a similar role. Relaltrd parties The charity provldes adMinlstrat(ve and accounting support for Birmingham Jewlsh Housing AssaatiOn, as detalled in note 18 to the accounts. The Charhy CEO attends meetings of the Board of the HousSng AssocSation. Rlsk management The trustees have a duty Its identfy and review th8 rlsks to whlch the charfty Is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees regulady review thg major operatlonal, business and financlal risks which the charity faces, including a quarterly revlew of the controls over key financial systtrms and monthly reviews of budgets. The trustees confimi that they have established systems lo mitigate the Significant dsks wher¢ ngcessary. REFERENCE AND ADMINISTRATIVE DETAILS Registerèd Charity number 1180758 Prin¢Spal address Andrew Cohen House River 8rook Drlve Bimiingham 830 2SH Truste85 Dr B Henley Mrs L Myers Mr Nl Brostoff Mrs E Barnett Ms S Blumenthal Ms L Mkura2hlzha lappolnted 1.10.201 P8ge 4
Blrniingham Jowl$h Community Car• Report of thè Trusto•s for th• Ygar Ended 30 Soptemr 2021 REFERENCE AND ADMINISTRATIVE DETAILS Auditor8 Locke Williams Associates LLP Chartered A¢countants Regislerecl Auditors alo Blackthorn House St Pauls Square Birminghsm est Ml0d$ B3 IRL ¢harlty ¢EO rs Shaion Grey STATEMENT OF TRUSTEES. RESPONSIBILITIES The Iruste8s are responsible lor preparinG the Report ol th Tru8tee5 end the financi81 statements in aGcordan¢e with applic3bltr law antj Uniled Kingdom Accounting Standarijs (Unittsd Kingdom Generally Aeeepted Accounting Practice) including Financi81 Reporting Standard 102 The Financial RepoTts"ng Standard applicable in the UK and Republic of Ireland The law spplicabk to ch8riti86 in EnglaT7d and Wal@s, the Charitie5 Act 2011, Ch&rily IAccounts and Reportsl Rtrgulabon8 2008 #nd the provisions ol the trust deed requ4res the trustees lo prepare finan¢ial slalements for each financial y¢ar which give a trye and lair vW ol the $18te of affairs of the ¢harty and of the incoming resources and application of resources. including ihe Income and expenditurè. of thè charily for that period. In preparing those financial statements, th• tru3te95 8re required lo select suit8ble a¢Gounting policiey and then apply them ¢onsistenUy', observe the methods an(t prin¢iples in the Charity SORP., rrake judgem6nls and eslimaies that are reasonable and prudent.. state whether appli¢able &c¢ounting st&n(Jaids havè been followed. subject to 8ny material departures discloseLY and explained in the financial stalernenls., prepare the firiancial statem6nt$ on the going concarn basi$ unless it is inappropriate to presume ihat the charity will continue in business. The trustees ar6 responsible for keeping prop6r arLounling records which d15r.loBe with reasonable acclsracy al èny time the financial posiliorTr of the charity and lo enable them lo engure that the financial statements comply with the Charities Act 2011, the Charity IAecounls 8nd Rerts) Regulation5 2008 and the provisions of the trust deed. They are also r*è$ponsib18 for 58tegu8rding tho 8ss¢ls of the ¢harity end hen¢e for taKin9 re880nable stèps for the prevention and detection ol fraud and other irrègularitles. É-JWLL Approvèd by order ol the board ol Iruslees on ...................,......, and signed on ils beho by.. Dr Henley . Tnjs Page 5
Report of the Independent Auditors to the Trustees of Bimiingham Jewish Community Car8 Opinlon We have audited Ihe financial statements of Birmingham Jowish Community Care Ilhe 'charily'l for the year ended 30 Sept8rnber 2021 which comprlse the Staternent of Financial Activities, the Balance Sheel. the Cash Flow Statement and notes to the financial stal8ments, including a sumrnary of significant a¢wunling policies. The finanrAal reporting framework that has been applied in their preparation is 8pplicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accovnting Practicel, including Financial Reporting Standard 102 'The Financial ReportSng Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements-. give a true and fair view of thtr slate of the charitys aff8irs as at 30 September 2021 and of its incoming resources and applicakn'c)n of resources, for the year then ended., h8ve been properly pr¢pared in acwrdance with United Kingd(xm Generally Accepted Accountlng Practice Including Financial Reporting Standard 102 'The Finanaal Reporting Standard applicable in the UK and Republic of Ireland,: and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Inlemational Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibililies under those standards ar8 further d8scribed in the Auditors, re5ponsibllilies for the audit of the financial staleTnenls section of our report. We aro independent of th8 charity in 8ccordBnce with the ethical requirements that are relevant to our audit of the finanoi815tatements in the UK, including the FRC'S Ethical Standard, and wo have fulfilled our other ethical responsibilities in accordan th ihese requirements. We believe that thè audit evidence we have obtained Is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng coneem In auditing the financial statements, we have concluded that the Iruste8s' use of the going concem basis of accounting in the preparatlon of the fin8ncial statements is appropriate. Based on the work we have performed, we h8ve not idontified any material uncertaintles relating lo events or ¢ondilion$ that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least tWee months from when the financial slaternents ère authorised for issuo. Our responslbililies and the responsibilities of the twslees with respect to going concein are described In the relevant sections of this report. Other Informatlon The tnJstees are responsible for the otheT information. The other information comprises the infomialSon inclLJded in the Annual Report. other than the financlal statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and. except to th& extent olhewse explicitly staled in our report, we do not express any form of assurance eonclusion thereon. In connection with our audit of the lin3ncial statements, our responsibility is t() read the other Information 8nd, in doing so, consider wh8th8r the other information is materially inconslstenl with the financlal statèmenls or our knowl8dgÈ obtained in the audit or othtrrwise appears to be mat8ri8lly MI*tat. If w8 identify gu¢h material Inconsistencies or apparent material misstatements, we arg required to determine whether Ihls gives rise to a material rni5Stalement in the financlal statements themselves. If, based the work we have perforrned, we conclude that there is a m8teTial misstatement of th58 other inlomation. we are rfyquired to report that fact. We hav8 nothing to report In this regard. Matters on whlch we are required to report by exceptlon We have nothing to report in respect of the following matters where the Charil188 (Accounts and Reports) Regulatlons 2008 rgqulres us to report to you If. in our oplnion.. the infomiation given in the Report ol the Trustees is inconsislenl in any material respect with the financial stat8ments'. or sufficient aOUntIng records have not been kept., or Page 6
Report of thè Independent Auditors to the Trustees of Blmilngham Jew15h Communlty Care the financial sialements ara not in agreement with the accounting record5 and relurns., or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation of the finanaal statemgri15 whi¢h give 3 trug and fair view, and for such inlemal Gontrol as the Iruslees determine is necessary to enable the preparation of financial slalemanls that are free from material rnisstaternent, whether due to fraud or error. In prepailng the Ilnancial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and u$lng the going concem basis of accounting unless the trustees eithBr intend to liquidate the charity or to cease operalons, or have no realistic allemative but to do so. Our rèsponslbllltie5 for the audlt of the financial stataments Wo have been appointed as auditors under Section 144 01 the Charities Act 2011 and report in accordance with the Act and relevant règulatsons made or having effèct Ihereundor. Our objectives Bre to obtain reasonable assurance about whether the financi81 statements as a whole are free frtrTll material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditots that includes our opinion. Reasonable assurance is a high level of assurance, but Is not a guarantee that an audit conduetgd in accordance wlh ISA5 IUKI 11 always detect a material mlsslatemBnl when il exists. Misstatement5 can arise from fraud or error and are ¢onsidered rnaterial il, individually or in the aggregate, they ¢ould reasonably be expected to influenGe the economic declslon5 of users taken on the b3sis of these linancial stat8ments. A further description of our responsibllilies for the audit of the fin8n¢lal statèments is located on the Flnancial Reporting Councdl's webslle at www.frc.org.uklauditorsresponslbilities. This description fonlls part of our Report of the Independent Auditors. Use of our report This report is made solely lo the charitys trustees, as a body, in accordance with Part 4 of the Charities (Account$ 8nd Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo the charity's trustees those malters we are requlred lo state to thèm in an &uditors' report and for no other purpose. To th8 fullest extent pemitted by18w. we do not accept assurne iesponsibility to anyone other Ih8n the ¢harity and the tr stees As a body, for our audit work, for this report, or for the opinlons we h8ve formed. Locke Williams Asso¢iales LLP Chartered Accountants Registered Auditors clo Blackthorn House St Pauls Squaro Esimingham West Midland B3 1RL Date.. Page 7
Birniingham Jewish Community Care Statèment of Financial Aetlvities for the Year Ended 30 September 2021 30.9.21 Total fund¥ 30.9.20 Total ftJnd5 Unrestricted fvnd Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 91,268 180.292 271,S60 221,297 Charitable actlvities Nursing home Luncheon club MeBls to Go Support of Bimlngham Jewlsh Housing Association 3,107,727 3.408 3,107,727 3,408 2,933,884 4,778 128 49,088 49,088 45,675 Investment incomtr Other income 44,519 44,519 43,432 4,622 Total 3,296,010 180.292 3.476,302 3,253.816 EXPENDITURE ON Charltable actlvtties Nursing home Luncheon club Meals to Go Social services Support of Birmingham Jewish Housing Association 3,350,145 13,324 2,252 38,151 182.428 3,532,573 13,324 2,252 38.151 3,303,939 27.770 104 35,337 13.372 13,372 13,978 Total 3,417,244 182,428 3,599,672 3,381,128 Net gainslllossesl on investments 134407 79,8731 NET INCOMEIIEXPENDITURE) 13,173 {2,1361 11,037 {207,1851 RECONCILIATION OF FUNDS Total funds brought forward 3,895,578 9.750 3,905,328 4,112.513 TOTAL FUNDS CARRIED FORWARD 3 908 751 3,916 365 3 905.328 The note8 form p8rt of these flnan¢lal statements Poge 8
Birmlngham J¢wish Comrnunity Care 8alan¢• Sheet 30 Septembor 2021 30.9.21 Total tunds 30.9.20 Total funtls Unrèstricted fvnd Restricted lund8 Notes FIXED ASSETS Tangible asse1$ Investment$ 10 2.693,201 1,115549 7,614 2,700.815 1 115.549 2,715,249 982 251 3.808,750 7,614 3,816,364 3,697,500 CURRENT AsseTS Debtors Cash al bank and in hand 12 266,S45 181 876 266,546 181,876 272,311 876.332 448,421 448,421 948,643 CREDITORS Arnouiits falling due within one year 13 134B.4201 1348.4201 1258.9971 NET CURRENT ASSETS 100001 100.001 569 646 TOTAL ASSETS LESS CURRENT LIABILITIES 3.908,751 7,614 3,916,365 4,287,146 CREDITORS Amounts falling due after more than one year 14 1381,8181 NET ASSEf5 3 908,7SI 3,916.365 3.905,328 FUNOS Unrestricted fund5 Re$trl¢18d fund$ 17 3,908,751 3,895,$78 9.750 TOTAL FUNDS 3916365 3,905 328 The finan ?1 statements were approved by lh& Board of Trustees and 8Uthorised for issue on tee The notes fomi part of these finanGial statements Page 9
Bim)Ingham Jewish Community Care Cash Flow Statement lor the Year Endorl 30 Septèmber 2021 30.9.21 Notes 30.9.20 Cash flow5 from operatlng activltlès Cash generated from operations 58 4771 1,788 Nel cash (used in}Iprovlded by operating activrtles 58.477 1,788 Ca¥h flow$ from Investing activit1è5 Purchase ol tangible fixed assets Purchase of h'xed assèt investments Sale of fixed asset investments Interest receNed Dividends received (31,8071 (144,7121 145,821 21 44,49B 14,1131 125,4101 25,237 179 43,253 Nel cash provided by investing acilvilies 39,146 Cash flows from financing aetlvltles New loans in year Loon repayments In year 450,000 450,000 Net cash lused Inllprovided by financing activities 450 000 450,000 Change in cash and cash equi¥alents in the reportlng perlod Cash and cash •quivalants at th• beglnning of thè reporting period Cash and cash equivalent$ at th¥ end of the r¥portlng period {494,4561 490,934 676 332 185,398 181876 676 332 The notes form part ol these Nnancial statemonts Page 10
Blmilngham Jewish Community Care Notes to the Cash Flow Statement for the Year Ended 30 September 2021 RECONCILIATION OF NET INCOMEI{EXPENDITUREI TO NEf CASH FLOW FROM OPERATING ACTIVITIES 30.9.21 30.9.20 Net In¢omel{expendlturel for the reporting perlod las per the Statement of Flnancial Activities) Adjustmènts for: Depreciation chargtrs IGainlllo$ses on Investments Interest recelved Dividends received Decrease In debtors Increase in Creditors 11.037 1207,1851 46,041 1134,4071 1211 144,4981 5,766 57,605 42,466 79,873 11791 143,2531 27.167 102 899 Net eash (used invprovlded by operatlons 58,477 ANALYSIS OF CHANGES IN NEf FUNDS At 1.10.20 Cash flow At 30.9.21 Net ¢ash Cash at bank and in hand 676,332 494 456 181876 676.332 494.456 181876 Debt Debts falling due within 1 year Debts falling due after 1 year 168,1621 381,8181 68,182 381,818 450 000 450,000 Total 226,332 181,876 The notes form part of these flnaneial statements Page11
Bimiingham Jèwish Community Care Notes to th• Financial Statements for the Year Ended 30 September 2021 ACCOUNTING POLICIES Basls of prèparlng the flnancial stattrments The financial statements ol the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'A¢counling and Reporting by Charities- Slalement of Recommended Practice applicable to chari1195 preparing their accounts in accordan¢e with the Financial Reporting Standard &ppli¢able in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelancl. and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which ar8 induded al market v8lue, as modified by the revaluation of certain assets. In¢ome All income is recognised in the Statement of Flnancial Activities once the charity has enlillerrenl lo the lunds, it is probable that the income will be c81ved and the amount ¢8n be measured reliably. The following specific policies are applied to particular categorfes of incomts.. inctsme from donations or grants is recogni$ed when there is evidence of entiugrnent lo the gift, receipl is probab and it8 amount can be measured reliably. Incorne grants 13 recognised to the extent that any any performance wnditions have been met. legacy Income is recognised when receipt is probable and entillemenl is establishèd. income from donated goods Is measured al the fair value of the goods unless this is irnpracti¢4110 measure reliably, in whlch case the value is derived from the cost to the donor or the estirnated resale Value. Don8ted facilitles and servlces are re¢ognlsed in the accounts when ie¢elved if (he value can be reliably measured. No amounts are included in the Ilnancial statements for volunteer time in line with the SORP IFRS 1021. incc>me from contracts for the supply of setvlces is reeognised wlth the delivery of the coritracted seNice. This is classified as unrestricted funds unless there is a contr8Ctual requirement ft)r it to be spent on a partlcular purpose and retumed if unspent, In which case it may be regarded as restricted. nvestment income Is eamed through holding assets for inve5twent purposes such as shales. It Includes dividends and interest. Wher6 il 15 not practicable to identify investment management costs incurred within a scheme with reasonÈblg accuracy the investment in¢ome is reported net of these costs. Dividend ineome is recognised as the charity's right to receive payment is established and Interest income is recognised uslng the effective interest method. Expendlture Liabilities arts recognised as expenditure as soon as there is a legal or constructivè oblig2tion commltting the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in setllernent and the amount of the obligation can be measured reliabty. Expenditure is accounted for on an accruals basis and has been clas$lfied under headinos that Aoor*.oAi# all cosi r•lat•d to the oat¢gory. Where costs cannot be directly 8llributed to particular heBdlngs they have b&en allocated to actSvities on basis consistent with the use of resources. The Irr8coverable element of VAT Is Included with the Item of expense to whlch il relates. Allocallon and apportionment of costs Support costs are those that asslst the work of the charity but do not dirèctly represent charltable aclivitbes. Support costs Not direclly attributable to any particular charitable activity are apportioned over relevant activities on the basls of the trustees estimates of the amount attributable to èach activity in the year, by reference to the direct expenditure of each activity. Support costs Include governance ¢OSts. Page 12 continued...
Birnilngham Jewi$h Community Care Note5 to the Financial Statements- continued for the Year Ended 30 September 2021 ACCOUNTING POLicies . ¢ontlnued Allocation and apportlonment of e05ts Governance costs represent the costs of complying with conslilulional and statutory requlrernents and satisfying public accountability. and include audit fees ond legal charges. Tangible fixed a55ets Depreciatioll is provided at the following annual rates in order to write off each assgt over its estimated useful Ilfe. Long leasehold Fixtures and fittings over the unexpired portlon of the lease 33% on co51 and 20¢/0 on cost Investments Investrnents are rècggnlsed initially at cost, which is norrnally the transactlon prSce excluding transaction costs. Subsequently, they are rneasure at fair value with changes recognised in 'nel gains I1105sesl on investrnents. in tho Statement of Financial Activities if the shares are publicily traded or their fair value can otherwise be measured reliably. Other investments are Tneasured at cost less impairment. Debtors Trade and other debtors are recognised at the settlpment amount due after any trade discourTt offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents include cash in hand and deposhs hdd at call wth banks. Credltors and prov15ions Creditors and provisions are recognlsed where the charity has a present obllgatSon resultlng from a past event that will probabty result in the transfer of ndS to 8 third party and the amount due to settle the obligauon can b8 measured or estimated 181iably. Creditors and piovislons are normally rBcognised at their setd8ment amount after allowing ft)r any trade discounts due. Operatlng Leases RenlBIs payable under operating le85e5 are tharged bgainst incorne on a 5tralght Ilne basls over the period of the l¢ase. Taxatlon The charity is an exempt charity within the moaning ol schedule 3 of the Charrties Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Flnance Act 2010 and therefore it meet5 the definition of a charity for UK corporation tsK purposes. Fund a¢¢ounting Unrestricted funds can be used in accordance wSth the charitable obleclives at the discretion of the trustees. Restricted funds can onty be used for particular restricted purposes thin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular reslricled purposes. Further explanatlon of the nature and purpose of each fijnd is included in the noles to the financial 5tat¢ments. Penslon ¢osts and other post.retirement beneflts The charity operates a defined contribution pension scheme. Contributions payable lo the charity's pension scheme are charged to the Ststtsmenl of Finan¢ial Activities in th& period to whlch they late. Page 13 conllnued...
Binnlngham Jewlsh Community Care Notes to the F5nanclal Statemen15 - continued for the Year Ended 30 September 2021 ACCOUNTING POLICIES- continued Penslon costs and other post.rètirement b?nefits Contributions lo deflned contribution plans are recognised as an expense in the period in which the related seNicg is provided. Prepaid contributions are recognised a5 an a55el to the extent that the prep8yment will lead to a reduc15tsn in future payments or a cash refund. Going concern The financial statements havo been prepared on a going concern basis as the trustèes believe that no m&lerial uncertainlles exist. The Iruslees have considored the level of funds held and the expected level of income and expenditure for twelve months from 8Uthorlsing these financial statemonts. The budgeted income and expendituro is sufficient wilh the level of reserves for the chaiity to be able to contlnue a5 a going concem. DONATIONS AND LEGACIES 30.9.21 30.9.20 Donations Legacies Grants 64,768 26,500 1BO,292 133,364 615 271 560 221 297 Grants received, included in the above, arg as follows.. 30.9.21 30.9.20 Birmingham Jewsh Housing Assoclation BCC Infection Control Hèalth Education West Midlands Care Associatlon Job Retention Scheme 15,000 63,488 5,6QO 3.230 164,146 2,400 180 292 Page 14 continued...
Blrmingham Jewish Community Care Notgs to the Finaneial Statements - contlnued for the Year Ended 30 Septèmber 2021 INVESTMENT INCOME 30.9.21 30.9.20 Income frorn inv&slment portfolio Deposit account interest 44,498 21 43.253 179 43,432 INCOME FROM CHARITABLE ACTIVITIES 30.9.21 30.9.20 Nurslng home Reimburse PPE costs Luncheon club Meals to go Support of Birmingham Jewish Housing Assoclation 3,105,540 2,187 3,408 2.914,284 19,600 4.778 128 49,088 45,675 3 160,223 2,984,465 CHARrrABLE ACTIVITIES COSTS Support costs Is&e note 61 Direct Costs Totals Nursing home Lun¢heon club Meals to Go Social services Support of Bim)Ingham Jewsh Housing Association 3.344,522 11,475 2,252 38,151 188,051 1,849 3,532,573 13,324 2,252 38.151 13,372 3 396.400 203 272 3,599,672 Page 15 ontinued...
Blrmingham J&wl$h Communlty Care Notes to thè Financial Statements contSnued for thè Year Ended 30 Sept¢mber 2021 SUPPORT COSTS Management Finance Governance costs Olhgr Totals Nursing home Luncheon club Support of Bimiingham Jewish Housing A550clation 148,363 1,785 55 19,879 1,794 18,024 188,051 1,849 161.735 1.840 21,673 18,024 203,272 AUDITORS. REMUNERATION 30.9.21 30.9.20 Fees payable to Ihg chBrfty's auditors for the audit of the charitls financi81 statements 4,200 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneralion or other benefits for the year ended 30 September 2021 nor for thg year ended 30 September 2020. Trustetrs. expènses There were no truslee5' èxpenses paSd for the year ended 30 September 2021 nor for the ytsar ended 30 Seplernber 2020. STAFF COSTS 30.9.21 30.9.20 Wages and sal8Ties Social security cos18 Other pension eosts 2,233.200 170,792 2.004,224 145,673 55.121 2 471,700 2,205,018 The average monthty number of omployees during the year wa5 as follows.. Numbcr Of nur8ing hoiriv ¥iaff Number of administrative staff 30.9.2 114 30.9.90 104 121 No employees received emoluments in excess of £60,000. Key management personn?1 The key managelnent personntrl are the CEO & Home Manager and the Business & Finance Manager. The tLltal salary for the key management personnel was £82,000 and the social securlty cost was £8,883. Page 16 continued...
Blmiingham Jewish Communlty Care Notes to the Financial Slatements - contlnued for thè Year Ended 30 September 2021 10. TANGIBLE FIXED ASSETS Fixture8 and fillings Long leasehold Motor V@hic16S Totals COST Al 1 October 2020 Additions 3,473,292 466,048 31.607 37,315 3,976.655 At 30 September 2021 3 473,292 497,655 37,315 4 008 262 DEPRECIATION At 1 October 2020 Charge for year 811,456 412,835 17,760 37,315 1.261,406 46,041 AI 30 September 2021 839,737 430,395 1307 447 NET BOOK VALUE At 30 September 2021 2,633,555 2 700.815 AI 30 Sep18mber 2020 2,661,836 53,413 2.715,249 11. FIXED ASSET INVESTMENTS Llsted Investments VALUATION Al 1 October 2020 Additions Disposals Revaluations 982.251 144,712 1145,8211 134,407 At 30 September 2021 1,115,549 The fair value of listed Inveslmènls is determined by reference lo the quoted price for identieal assets in an active market at the balance sheet dale. The listed investments relate lo UK quoted shares and comprise fixed interest quoted investments of £323.000 and ordinary shares quoted investmpnt% nf £792,549. All 113ted inve&triiviits heia by inÉ company are unrestiicled funds. The charity's Inv8Stments 8re managed by EFG Harris Alday, and are primarily held to provlde an Investment return for the Ch8rtty. The historical cost of the listed investments amounted lo £911,606. Page 17 continued...
Blrmingham Jewlsh Community Carè Note$ to th¢ Financial Statements - eontinued for the Yaar Ended 30 Sèptember 2021 12. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.21 30.9.20 Trade debtors Other debtors Prepayments 233,889 7,644 230,637 21,566 20,108 266,545 272,311 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.21 30.9.20 Bank loans and overdrafts (see note 151 Tr8de ¢redltors Taxation and social security Other creditors 68,182 93.939 42,910 153,986 137,182 42,929 168309 348,420 358,997 14, CREDrroRS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30.9.21 30.9.20 Bank loanslsee note 151 381,818 15. LOANS An analysis of the malurity of loans is given below.. 30.9.21 30.9.20 Amounts falling due within one yaar on demand.. Bank loans 68,182 Amounts falling due between two and fivè years.. Bank loans 327,273 Amounts falling dLJe in morè tran fiv¢ years.. Repayable by instalments.. Bank loans 54,545 Page 18 conllnued...
Bimiingham Jewish Communlty Car• Notès to the Financlal Stalem¢nts - continued for the Year Ended 30 September 2021 16. LEASING AGREEMENTS Minimum lease payments under Tron-cancellable operating leases fall due as follows.. 30.9.21 30.9.20 Within one year Between one ond fNe years 9,483 16.000 10,773 25,483 35,969 17. MOVEMENT IN FUNDS Nel movemenl in funds Al 1.10.20 Al 30.9.21 Unrestrlcted lunds General fund 3,895,578 13,173 Restrictod fund$ BJCC project appeal 3.908,751 9.750 12,1361 7,614 TOTAL FUNDS 3 905,328 11,037 3,916,365 Net movement in lunds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted fund$ General fund 3.296,010 (3.417,2441 134,407 Restrfeted funds BJCC project 8ppeal BCC Covid Infection W8sl Midlands Care Assoclallon training fund Government CJRS 13,173 12,1361 {164,1461 164,146 12,1361 2,400 2.4001 13,746 180292 182.428 TOTAL FUNDS 2,136 3,476,302 3 599,6721 134407 11,037 Page 19 continued...
Birmlngham Jewish Community Care Notes to th¢ Financlal Statements - continued for the Year Ende(J 30 September 2021 MOVEMENT IN FUNDS- contlnued Comparativo¥ for movemènt In funds 17. Net ovement in funds At 1.10.19 At 30.9.20 Unrestrlcted funds General fund 4,102,763 1207.1851 3,895,578 Restrlcted funds BJCC project appeal 9.750 9,750 TOTAL FUNDS 4,112.513 207,1851 3 905,328 Comparative net mov9ment in funds, in¢luded in the above are as follows.. Incoming sources Resources expended Gains and losses Movement in funds Unrestricted fund$ General fund 3,162,212 (3,289.5241 179,8731 Restricted funds Luncheon club BJCC prolec( appeal BCC Covid Infection Health Education training fund West Midlands Care Association trainlng fund {207.1851 15,000 4,286 63,488 5.600 115.0001 14,2861 {63.4881 15,6001 3,230 91,6041 TOTAL FUNDS 3,253,816 3,381 1281 79 8731 207,1851 18. RELATED PARTY DISCLOSURES The Charfly was under the Control of the trustees throughout the current peri¢xl. Thg.re Is an ongoing relationsliip Ywilh 6lrmingham Jewlsh Housing Association. The eharily undertakes administrative and accounting duties on behalf of Birmingham Jewish Housing Association under service level agreement. The tol81 of these fges during the aT ended 30 September 2021 was £49,088 12020 - £45,675). Page 20 conunued...
Birniingham Jèwish Communlty Care Notes to the Financial Statements . continued for the Year Ended 30 September 2021 19. FINANCIAL INSTRUMENTS The carrying amount for each category of financlal instrument is as follows.. 2021 2020 Flnaneial a55ets measured at fair value through income and expendlturts Fixed asset listed investments 1.115549 982.251 The nel gains and net losses attrfbulable to the charitys finBncial inslrumenls are summarised as follows.. The net gainlllossl recognised thmugh net incomelexpendituie trom financlal assets measured al fair value lincludlng changes in fair vgluel amounted to £134,407 gain12020- £79,873 lossl. Page 21