2022-12-31-accounts - Jewish Blind & Physically Handicapped Society Limited

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JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY Independent Auditors, Report

Income and endowments from:	Income and endowments from:	Income and endowments from:
Donations			3.1		1,193,003	604,736	1,797,739	813,917
Legacies						710,209	710,209	528,656
Income from charitable	activities:
Rent receivable						3,527,694	3,527,694	3,523,772
Fees receivable from management of sheltered housing projects						63,500	63,500	63,500
Year book and diary						30,546	30,546	29,525
Other fundraising events						198,675	198.675	134,497
Investment income:
Dividends receivable						301	301	269
Interest receivable						20,785	20,785	2,091
Other income: Release of Housing Grant			3.3			35,896	35,896	35,896
Total income					1,193,003	5,192,342	6,385,345	5,132,123
Expenditure on:
Raising funds:
Fundraising costs of voluntary and other activities		income				375,578	375,578	321,424
Charitable activities:
Property management	costs				105,593	3,053,249	3,158,842	1,866,294
Tenants support costs					25,503	883,625	909,128	1,031,805
Total expenditure					131,096	4,312,452	4,443,548	3,219,523
Net income before net on investments	gains/(losses)				1,061,907	879,890	1,941,797	1,912,600
Gains/(losses) on investments			15			(534)	(534)	1,536
Net Income before transfers					1,061,907	879,356	1,941,263	1,941,136
Transfers			19		(1,094,417)	1,095,417
Net movement in funds	for the	year	20-20	1,956,816	(33,510)	1,974,773	1,941,263	1,914,136
Total funds at I January	2022				50,376	57,944,169	59,951,361	58,037,225
Total Funds at 31December 2022				1,956,816	16,866	59,918,942	61,892,624	59,951,361

Fixed assets
Tangible assets				11	55,169,809	54,001,156	55,601,573	54,354,125
Intangible fixed assets				12	15,481		15,481
Investments							1,000	1,000
					55,185,290	54,001,156	55,618,054	54.355,125
Current assets
Debtors				14	910,803	983,250	1,523,644	1,433,919
Investments				15	6,773	7,307	6,773	7,307
Cash at bank and in	hand				8,286,565	7,230,887	7,702,815	7,084,274
					9.204,141	8,221,444	9,233,232	8,525,500
Creditors
Amounts fallmg due	within one year			16	(846,027)	(582,147)	(876,306)	(887,386)
Net current assets					8,358,114	7,639,297	8,356,926	7,638,114
Creditors: Amounts than one year	falkng due after more			17	0650,780)	(1,689,092)	(1,650,780)	(1,689,092)
Total assets less current		liabilities			61,892,624	59,951,361	62,308,719	60,304,147
Funds
Endowments				18	1,956,816	1,956,816	1,956,816	1,956,816
Restricted				19	16,866	50,376	16,866	50,376
unrestricted:
Designated - building	fund			20	5,732,531	5,200,000	5,732,531	5,200,000
Designated - fixed asset fund				20	51,836,411	50,616,381	52,268,175	50,969,350
Designated - planned	maintenance		fund	20	1,750,000	1,527,788	1,750,000	1,527,788
Genera I				20	600,000	600,000	584,331	599,817
Total designated funds					59,918.942	57.944,169	60,335,037	58,296,955
Totalfunds					61,892,624	59,951,361	62,308,719	60,304,147

Cash flows from operating		activities
Cash generated from operations			2,260,339	1,569,979
Interest paid			(20,260)	(20,450)
			2,240,079	1,549,529
Cash flows from investing		activities
Purchase of property, plant		and equipment	(1,203,072)	(284,689)
Sale of investment property
Interest received			20,785	2,091
Dividend income			301	269
			(1,181,986)	(282,329)
Cash flows from financing Repayment of loans		activities	(2,415)	(2,015)
Net cash used in investing		activities	(2,415)	(2,015)
Net (decrease) / increase equivalents in the financial	In cash and cash year		1,055,678	1,265,185
Cash and cash equivalents beginning ofthe financial	at the year		7,230,887	5,965,702
Cash and cash equivalents the financial year		at the end of	8,286,565	7,230,887

	Notes	Fundraising Costs E	Charitable Activities 6	Support Costs E	2022 Total Costs E	2021 Total Costs E
Salaries	10	212,236	1,454,335	5,704	1,672,274	1,672,975
Direct costs	7-9	145,272	2,434,272		2,579,544	1,298,942
Central costs		13,113	111,595	4,205	128,913	154,135
Depreciation			18,938		18,938	23,335
Legal fees			8,802		8,802	35,250
Subsidiary costs	14		369		369	3,320
Governance costs		3,541	31,166		34,707	31,564
Total		374,162	4,059,477	9,909	4,443,547	3,219,521
Allocation ofsupport
expenditure (by time spent by staff		1,416	8,493	9909
2022 Group		375,578	4,067,970		4,443,547	3,219,521
2021 Group		321,424	2,898,099		3,219,523

		Notes	Fundraising Costs E	Charitable Activities 6	Support Costs E	2022 Total Costs 6	2021 Total Costs E
Salaries			212,236	1,454,335	5,704	1,672,274	1,672,975
Direct costs		10	145,272	2,434,272		2,579,544	1,298,942
Central costs		7-9	13,113	98,710	4,205	116,028	87,211
Depreciation				18,938		18,938	23,335
Legalfees				7,360		7,360	26,638
Governance	costs		2,315	21,066		23,381	17,890
Total			372.936	4,034,681	9,909	4,417,525	3,126,991
Allocation of governance
expenditure (by number	of staff		1,466	8,493	(9909)
employed)
2022 Charity			374,352	4,043,174		4,417,525	3,126,991
2021 Charity			320,303	2,806,688		3,126,991

	Property Manage- ment E	Tenant Support Costs E	2022 Total Costs 6	2021 Total Costs 6
Salaries	743,531	710,803	1,454,335	1,459,650
Direct costs	2,298,960	135,312	2,434,272	1,163,878
Central costs	87,350	24,245	111,595	183,688
Depreciation		18,938	18,938	23,335
Legal fees	8,802		8,802	35,250
Support costs	4,247	4,247	8,493
Governance costs	15,583	15,583	31,166	28,978
Subsidiary costs	369		369	3,320
2022 Group	3,158,842	909,128	4,067,970	2,898,099
2021 Group	1,866,294	1,031,805	2,898,099

		Property Manage- ment 6	Tenant Support Costs E	2022 Total Costs 6	2021 Total Costs 6
Salanes		743,531	710,803	1,454,335	1,177,910
DII'ect costs		2,298,960	135,312	2,434,272	1,163,878
Depreciation		84,434	21,329	105,762	465,427
Legalfees			19,938	19,938	23,335
Support costs		8,802		8802	35,250
Governance	costs	10,533	10,533	21,065	16,423
2022 Charity		3,146,260	896,915	4,043,174	2,882,223
2021 Charity		1,856,697	'1,025,528	2,882,223

			2022 E	2021 E
Year book	and diary expenditure		12,379	13,764
Fundraising	ITadministration	costs	8,563	16,909
Events			39,708	31,601
Advertising	and appeal costs		52,995	49,441
Campaign	and pubhc relations	fees	18,122	16,917
Legacy costs			13,505	6,432
Direct costs			145,272	135,064

		2022 E	2021 E
Rates		78,050	65,130
Insurance		53,799	54,407
Light & heat		156,135	125,390
Repairs, maintenance	and refurbishment	1,832,921	710,971
Cleaning		24,134	18,692
Gardening		76,567	57,920
Telephone &sundnes		45,125	36,434
Bad debts written off		(2,311)	(10,637)
Loan interest		20,260	20,450
Staff recruitment & Training		14,280
Direct costs		2,298,960	1,068,944
Tenant support costs Entertaining &events	and tenant support	43,209	35,574
Prospective tenant costs		27,430	22,192
Motor & travel expenses		44,521	14,320
Ambulance &minibus		20,152	22,848
Direct costs (excluding	staff costs)	135,312	94,934
Total direct costs		2,434,272	1,163,878

	2022 6	2021 E
Auditor's remuneration
audit services
other services	17,928	17,890
audit of subsidiary under provision pnor years	5,670 7,698 3,875
Governance costs	225	13,674
Direct costs	35,396	31,564

			Fundraising Expenditure	Charitable	Expenditure	Support Costs	2022 Total Costs	2021 Total Costs
				Tenant	Property
				support	management
House managers	and	cleaners		354,471			354,471	345,382
Property and housmg		management			532,463		532,463	50,577
Tenants support				275,701			275,701	311,801
Campaign team			183,713				183,713	213,325
Central			28,523	39,932	211,068	5,704	285,227	281,740
Independent Living				40,700			40,700	9,150
Total salary expenditure			212,236	710,803	743,531	5,704	1,672,274	1,672,975

		2022 6	2021 E
Salaries		1,478,883	1,468,431
Sooal secunty costs		142,784	134,178
Pension costs		50,607	55,840
Redundancy	costs		14,526
Total		1,672,274	1,672,975

		2022
Direct chantable	work	38
Fundraisin9
Support
Total		43

	Freehold and Long Leasehold Land and Buildings E	Motor Vehicles E	Office Equipment	Total E
Cost or valuation At I January 2022 Additions	55,593,343 1,183,721	69,179	75,341	55,737,863 1,183,721
Disposals
At 31 December 2022	56,777,064	69,179	75,341	56,921,584
Depreciation
At I January 2022	1,631,116	69,179	36,412	1,736,707
Charge for the year			15,068	15,068
Eliminated on disposal
At 31 December 2022	1,631,116	69,179	51,480	1,751,775
Net book values
At 31December 2022	55,145,948		23,861	55,169,809
At 31 December 2021	53,962,227		38,929	54,001,156

	Freehold and Long Leasehold Land and Buildings F.	M 0'to r Vehicles	Office Equipment	Total 6
Cost or valuation
At I January 2022	55,946,312	69,179	75,341	56,090.832
Additions	1,262,516			1,262,516
Disposals
At 31 December 2022	57,208,828	69,179	75,341	57,353,348
Depreciation
At I January 2022	1,631,116	69,179	36,412	1,736,707
Charge for the year			15,068	15,068
Eliminated on disposal
At 31 December 2022	1,631,116	69,179	51,480	1,751,775
Net book values
At 31 December 2022	55,577,712		23,861	55,601,573
At 31 December 2021	55,946,312	136,530	105,547	56,191,368

Fair value	Computer Software 6	Total E
Cost or valuation
At I January 2022 Additions	19,351	19,351
At 31 December 2022	19,351	19,351
Amortisation
At I January 2022 Charge for the year	3,870	3,870
At 31 December 2022	3,870	3,870
Net book values
At 31 December 2022	15,481	15,481
At 31 December 2021

Profit and loss account	2022 E	2021 6
Turnover	1,223,573	302,574
Cost of sales	(1,148,538)	(280,525)
Administrative expenses	(51,417)	(4,259)
Profit for the financial year	23,618	17,790
Balance Sheet	2022 E	2021 E
Current assets:	321,571	416,740
Debtors	583,750	146,613
Cash at bank and in hand	905,321	563,353
Creditors amounts falkng due within one year	(904,134)	(562,166)
Net current assets	1,187	1,187
Capital and reserves:	1,000	1,000
Called up share capital	187	187
Profit and loss reserves	1,187	1,187

Amounts falling due within one year:			Group 2022 6	Group 2022 6	Group 2022 6	Group	Group	2021 6	Charity 2022 E	Charity 20216
Rent receivable			101,492				63,491		101,492	63,491
Amount due from
subsidiary undertaking									621,188	476,327
Other debtors			11,917				30,528		3,570	4,870
Prepayments and accrued income			797,394				889,231		797,394	889,231
Total			910,803				983,250		1,523,644	1,433,919
5Investments Group		and Charity
								2022 6		2021 E
Market value at I January	2022							7,307		5,771
Unrealised gain/(loss) in	year							(534)		1,536
Market value at 31 December 2022								6,773		7,307
Historical cost at 31December			2022					14,246		14,246
Represented		by: UK quoted		investments					2021 E	2020 E
468 Ordinary shares of			10p in Lloyds Banking			Group	pic		215	224
564 Ordinary		shares of25p		in Barclays pic					899	1,060
89 Ordinary		shares of6.17p			in Centnca pic				84
547 Ordinary	shares		of 11.39p in		National	Grid pic			5,575	5,960
			Total						6,773	7,307

Amounts falling due within one year:	Group 2022 E	Group 2021 6	Charity 2022 E	Charity 2021 E
Trade creditors	297,486	51,206	80,373	26,585
Building retention monies	176,424	176,424	118,206	118,206
Other creditors	270,430	263,428	270,427	263,428
Accruals and deferred income	63,376	52,986	368,988	441,064
Bankloans	2,415	2,207	2,416	2,207
Housing corporation grant	35,896	35,896	35,896	35,896
Total	846,027	582,147	876,306	887,386

Amounts over	falling due one year	Group 2022 6	Group 20216	Charity 2022 6	Charity 2021 E
Bankloan		214,939	217,355	214,939	217,355
Housing corporation grant		1,435,841	1,471,737	1,435,841	1,471,737
Total		1,650,780	1,689,092	1,650,780	1,689,092
			Analysis of creditor.
Repayable between one and two years		38,540	38,312	38,540	38,312
Repayable between two and five years		117,219	116,395	117,219	116,395
Repayable five years	after	1,495,021	1,534,385	1,495,021	1,534,385
Total		1,650,780	1,689,092	1,650,780	1,689,092

	Association for Handicapped	E	J N Somers Charitable Will Trust E	The Frances and Dick James Charitable Settlement E	Total 6
Grant received in 2001			1,000,000		1,000,000
Grant received in 2003				400,000	400,000
Grant received in 2004				200,000	200,000
Grant received in 2005	77,337				77,337
Adjustment on revaluation			246,682	152,764	399,446
Transfer to general funds			(74,802)	(45,165)	(119,967)
Total	77,337		1,171,880	707,599	1,956,816
		Net	Income at I January 2022
Income for year
Expenditure
Net Income at 31
December 2021
Fund balance 31 December 2022	77,337		1,171.880	707,599	1,956,816
Fund balance 31 December 2021	77,337		1,171,880	707,599	1,956,816

	2022	Balance at 01.01.2022 E	Movement	in Funds		Transfer from Unrestricted Funds	Balance at 31.12.2022 E
			Income E	Expenditure	E
Ephraim	Court		1,095,417			(1,095,417)
Other		50,376	97,586	(131,096)			16,866
Total		50,376	1,193,003	(131,096)		(1,095,417)	16,866
	2021	Balance at 01.01.20216	Movement	in Funds		Transfer from Unrestricted Funds	Balance at 31.12.2021 E
			Income E	Expenditure	E
Ephraim	Court		37,500			(37,500)
Other		86,180	120,120	(I30,924)		(25,000)	50,376
Total		86,180	157,620	(130,924)		(62,500)	50,376

Group	Building Fund 6	Fixed Assets Fund 6	Planned Maintenance Fund 6	General Funds 6	Total Funds 6
At I January 2022	5,200,000	50,616,381	1,527,788	600.000	57.944,169
Net income
for year before transfers				879,890	879,890
Gain on investment				(534)	(534)
Transfers	532,531	1,220,030	222,212	(879,356)	1,095,417
At 31December 2022	5,732,531	51,836,411	1,750,000	600,000	59,918,942

Charity	Building Fund 5	Fixed Assets Fund E	Planned Maintenance Fund E	General Funds	Total Funds 6
At I January 2022	5,200,000	50,969,350	1,527,788	599,817	58,296,955
Net ~ncome
for year before transfers				943,199	943,199
Loss on investment				(534)	(534)
Transfers	532,531	1,298,825	222,212	(958,151)	1,095,417
At 31December 2022	5,732,531	52,268,175	1,750,000	584,331	60,335,037

2022	Endowment Funds 6	Restricted Funds E	Designated Funds 5	General Funds 5	Total Funds E
Fixed assets	1,879,479		53,305,811		55,185,290
Net current assets	77,337	16,866	7,448,972	814,939	8,358,114
Creditors over one year			(1,435,841)	(214,939)	(1,650,780)
Total net assets at 31December 2022	1,956,816	16,866	59,318,942	600,000	61,892,624
2021	Endowment Funds E	Restricted Funds F.	Designated Funds 6	General Funds 6	Total Funds 6
Fixed assets	1,879,479		52,121,677		54,001,156
Current assets	77,337	50,376	6,694,229	817,355	7.639,297
Current liabilities			(1,471,737)	(217,355)	(1,689,092)
Total net assets at 31December 2021	1,956,816	50,376	57,344,169	600,000	59,951,361

Net movement in funds for the year		2022 E	2021 E
Net movement in funds for the year		1,941,263	1,914,136
	Adjustments	for:
Depreciation of property, plant and equipment		15,068	23,335
Amortisation of intangible fixed assets		3,870
Unrealised (gains)/losses on investments		534	(1,536)
Interest income		(20,785)	(2,091)
Dividend income		(301)	(269)
Interest paid		20,260	20,450
Release of housing grant		(35,896)	(35,896)
Gain in disposal of fixed asset
(Increase)/decrease in trade and other debtors		72,447	(334,576)
Increase/(decrease) in trade and other creditors		263,879	(13,574)
Cash generated from operations		2,260,339	1,569,979

Net	Debt Reconciliation	Debt Reconciliation	I January E	Cash Flows	31December 6
Cash	at bank and	in hand	7230887	1,055,678	8,286,565
	Bankloan		(219,736)	2,416	(217,320)
	Total		7,011,151	1,058,094	8,069,245

Amounts falling due within one year:	Group 2022 E	Group 20216	Charity 2022 F.	Charity 20215
Amounts due within one year	21,343	17,263	21,343	17,263
Amounts due between two and five years	31,562	41,967	31,562	41,967
Amounts due after five years		2,866		2,866
Total	52,905	62,096	52,905	62,096