||~|~|~|~||~||~||~| |---|---|---|---|---|---|---|---|---|---|---| |~||~||~||~|~||~ ~|| |~||~|~||~|||||| |~||~|~||~|~||||| |~||~|~|~|~|||||| |~|||~|||~||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## 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|| ||Notes|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|| |||Notes|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|E|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.|Freehold and Long
Leasehold
Land and
Buildings
F.|M 0'to r
Vehicles|E|Office
Equipment|E|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| ## ||Jewish
Physically|Association
for
Handicapped|Association
for
Handicapped|E|J N Somers Charitable
Will Trust E|The Frances and Dick
James Charitable
Settlement
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|E|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| ## ##