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||||Page|
|---|---|---|---|
|Trustees'|annual report|||
|Independent<br>auditor's||report to the members||
|Statement|offinancial|activities||
|Statement|offinancial|position|10|
|Statement|ofcash flows|||
|Notes to|the financial|statements|12|





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|The trustees<br>present<br>their<br>rep<br>31 August 2023.|The trustees<br>present<br>their<br>rep<br>31 August 2023.|ort<br>and<br>the<br>fina|ncial<br>stat|ements<br>o|f the<br>charity<br>for|
|---|---|---|---|---|---|
|Reference and administrative||details||||
|Registered charity|name|The Kisharon|Charitable|Trust||
|Charity registration|number|1194007||||
|Principal office||First Floor||||
|||333Edgware|Road|||
|||NW9 6TD||||
|The trustees||Mr LNoe||(retired<br>1|August 2023)|
|||Mr A Loitus||||
|||Mr M Lerner||||
|||Mr P Goldberg||||
|||Mr RJLevy||||
|||Mrs ECastleton||(appointed|1 August 2023)|
|||Ms C Kaye||(appointed|1 August 2023)|
|||Mr D Klein||(appointed|1 August 2023)|
|||Ms C Lerner||(appointed|1 August 2023)|
|||Mrs SRCooper||(appointed|1 August 2023)|
|||Mr N IDoffman||(appointed|1 August 2023)|
|||Mr BMiller||(appointed|1 August 2023)|
|||MrN JHemy||(appointed|1 August 2023)|
|||Mr PTJoseph||(appointed|1 August 2023)|
|||Mrs KA Phillips||(appointed|1 August 2023)|





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||||||Year|to 31Aug|23|
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted||
||||||funds|funds|Total funds|
|||||Note||||
|Income and endowments||||||||
|Donations<br>and legacies<br>Charitable<br>activities||||4<br>5|4,667,542<br>238,785|100,000|4,767,542<br>238,785|
|Other income||||6|101,323||101,323|
|Total income|||||5,007,650|100,000|5,107,650|
|Expenditure<br>Expenditure<br>on charitable<br>Other expenditure||activities||7,8<br>9|524,085<br>46,522||524,085<br>46,522|
|Total expenditure|||||570,607||570,607|
|Net income and net|movement||in funds||4,437,043|100,000|4,537,043|
|Reconciliation<br>offunds||||||||
|Total funds brought|forward|||||||
|Total funds carried|forward||||4,437,043|100,000|4,537,043|





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|Statement ofFinan<br>31August 2023|cial Position|||
|---|---|---|---|
||||2023|
|||Note||
|Fixed assets||||
|Tangible fixed assets||14|7,107,001|
|Current assets||||
|Debtors||15|4,807|
|Cash at bank and in hand|||48,632|
||||53,439|
|Creditors: amounts|falling due within one year|16|123,234|
|Net current liabilities|||69,795|
|Total assets less current liabilities|||7,037,206|
|Creditors: amounts|falling due after more than one year|17|2,500,163|
|Net assets|||4,537,043|
|Funds ofthe charity<br>Restricted funds|||100,000|
|Unrestricted<br>funds|||4,437,043|
|Total charity funds||18|4,537,043|





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|The Kisharon<br>Charitable<br>Trust<br>Statement ofCash Flows<br>Year ended 31August 2023|||
|---|---|---|
|||2023|
|Cash flows from operating<br>activities<br>Net income||4,537,043|
|Adjustments for:<br>Depreciation oftangible fixed assets<br>Interest payable<br>and similar charges<br>Accrued expenses||76,943<br>164,455<br>7,427|
|Cash generated<br>from operations||4,785,868|
|Interest paid||(164,455)|
|Net cash from operating<br>activities||4,621,413|
|Cash flows from investing<br>activities<br>Purchase oftangible assets||(7,183,944)|
|Net cash used in investing<br>activities||(7,183,944)|
|Cash flows from financing<br>activities<br>Proceeds from borrowings||2,611,163|
|Net cash from financing<br>activities||2,611,163|
|Net increase in cash and cash equivalents||48,632|
|Cash and cash equivalents<br>at beginning|ofyear||
|Cash and cash equivalents<br>at end ofyear||48,632|





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|the synergies ofthe combination,<br>irres<br>are assigned to those units.<br>Donations<br>and legacies|pective of whether<br>other assets|or liabilities|ofthe charity|
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2023|
|Donations||||
|Donations|36,007||36,007|
|Transfer ofnet assets|4,631,535|100,000|4,731,535|
||4,667,542|100,000|4,767,542|





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|5.|Charitable<br>activities|Charitable<br>activities|Charitable<br>activities|||||
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total Funds|
|||||||Funds|2023|
|||||||f.|E|
||Rental income||-KisharonLangdon|||238,785|238,785|
|6.|Other income|||||||
|||||||Unrestricted|Total Funds|
|||||||Funds|2023|
||Rental income||- other|||101,323|101,323|
|7.|Expenditure||on charitable|activities by fund type||||
|||||||Unrestricted|Total Funds|
|||||||Funds|2023|
||Provision offacilities used <br>Support costs|||by KisharonLangdon||464,145<br>59,940|464,145<br>59,940|
|||||||524,085|524,085|
|8.|Kxpenditure||on charitable|activities by activity type||||
||||||Activities|||
||||||undertaken||Total funds|
||||||directly|Support costs|2023|
||Provision of <br>Governance|facilities used <br>costs||by KisharonLangdon|464,145|59,940|464,145<br>59,940|
||||||464,145|59,940|524,085|
|9.|Other expenditure|||||||
|||||||Unrestricted|Total Funds|
|||||||Funds|2023|
||Rental property costs|||||46,522|46,522|
|10.|Net incoine|||||||
||Net income|is stated after||charging/(crediting):||||
||||||||2023|
||Depreciation||oftangible fixed assets||||76,943|





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||||Freehold|
|---|---|---|---|
||||land<br>do|
||||property|
||Cost|||
||At 1 September 2022<br>Additions||7,183,944|
||At 31August|2023|7,183,944|
||Depreciation|||
||At 1 September 2022<br>Charge for the year||76,943|
||At 31August|2023|76,943|
||Carrying<br>amount<br>At 31August 2023||7,107,001|
|15.|Debtors|||
||||2023|
||Prepayments|and accnied income|4,807|





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|16.|Creditors: amounts|falling due within one year||
|---|---|---|---|
||||2023|
||Bank loans and overdraAs||111,000|
||Accruals and deferred|income|12,234|
||||123,234|
|17.|Creditors: amounts|falling due after more than one year||
||||2023|
||Bank loans and overdraAs||2,500,163|



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||Unrestricte|d<br>funds||||||
|---|---|---|---|---|---|---|---|
|||||At|||At|
|||||I September|||31August|
|||||2022|Income|Expenditure|2023|
||General funds||||5,007,650|(570,607)|4,437,043|
||Restricted|funds||||||
|||||At|||At|
|||||I September|||31August|
|||||2022|Income|Expenditure|2023|
||Restricted|funds|||100,000||100,000|
|19.|Analysis of net assets||between funds|||||
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2023|
||Tangible fixed assets<br>Current assets||||7,007,001<br>53,439|100,000|7,107,001<br>53,439|
||Creditors<br>Creditors|less than I year<br>greater than<br>I year|||(123,234)<br>(2,500,163)||(123,234)<br>(2,500,163)|
||Net assets||||4,437,043|100,000|4,537,043|





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|||||At|
|---|---|---|---|---|
|||At I Sep 2022|Cash flows|31Aug 2023|
||||8||
|Cash|at bank and in hand||48,632|48,632|
|Debt|due within one year||(111,000)|(111,000)|
|Debt|due afler one year||(2,500,163)|(2,500,163)|
||||(2,562,531)|(2,562,531)|



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