| CONTENTS | PAGES | ||
|---|---|---|---|
| Members ofthe Board andprofessional | advisers | ||
| Trustees Annual Report |
2to 9 | ||
| Independent auditor's report to the members |
10to 13 | ||
| Statement offinancial activities (incorporating | the | ||
| income and expenditure account) |
14 | ||
| Balance sheets | 15to 16 | ||
| Statement ofCash Flows | 17 | ||
| Notes to the financial statements |
18to 29 |
| Registered | charity name | charity name | Kisharon | ||
|---|---|---|---|---|---|
| Charity number | 271519 | ||||
| Company | registration | number | 1259900 | ||
| Registered | office | First Floor | |||
| 333Edgware Road | |||||
| London | |||||
| NW9 6TD | |||||
| Trustees &Directors | Mr P Goldberg (Chairman) | ||||
| Mrs ECastleton | |||||
| Mr 3Coogan (Resigned | 15February 2021) | ||||
| Ms 3Greenaway | |||||
| Ms VHart (Appointed | 15February 2021) | ||||
| Ms C Kaye (Appointed | 15February 2021) | ||||
| Mr DKlein | |||||
| Ms C Lerner (Appointed | 15February 2021) | ||||
| Mr M Lerner | |||||
| Mr RLevy | |||||
| Mr A Lofius | |||||
| Mr LNoe | |||||
| Mr D Rasouly | |||||
| Secretary | Mr P Darnell | ||||
| Kisharon | Leadership | Team | Chief Executive | ||
| Mr RFranklin | |||||
| Director ofOperations | |||||
| Mrs H Kessler | (from Sept 2019) | ||||
| Director ofFundraising | |||||
| Ms H Newmark | (from Dec2019to Feb 2021) | ||||
| Director ofCorporate Services | |||||
| Mr P Darnell | |||||
| Auditor | Cohen Arnold | ||||
| Chartered Accountants |
|||||
| tk Statutory Auditor | |||||
| New Burlington | House | ||||
| 1075Finchley Road | |||||
| LONDON | |||||
| NW11 OPU | |||||
| Bankers | Barclays Bank Plc | ||||
| 1250High Road | |||||
| Whetstone N20 | OPB |
| YE | AR ENDED 31 | AUGUST 202 | 0 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | 2020 | 2019 | |||
| Note | g | |||||
| INCOME AND | ||||||
| ENDOWMENTS | ||||||
| Charitable activities |
4 | 4,239,175 | 4,239,175 | 4,062,539 | ||
| Donations and legacies |
5 | 2,044,146 | 1,850,267 | 3,894,413 | 5,408,797 | |
| Other trading activities: | ||||||
| Social enterprise | 6 | 486,998 | 486,998 | 505,867 | ||
| TOTAL INCOME | 6,770419 | 1,850,267 | 8,620,586 | 9,977,203 | ||
| EXPENDITURE | ||||||
| Expenditure on charitable |
||||||
| activities | 7/8 | (5,571,036) | (1,850,267) | (7,421403) | (8,642,266) | |
| Expenditure on raising |
funds: | |||||
| Costs ofraising donations | ||||||
| and legacies | 9 | (352,929) | (352,929) | (572,661) | ||
| Social enterprise costs |
10 | (603,549) | (603,549) | (639,078) | ||
| TOTAL EXPENDITURE | (6,527,514) | (1,850,267) | (8,377,781) | (9,854,005) | ||
| NET INCOME AND | NET | |||||
| MOVEMENT IN FUNDS | 242,$05 | 242,805 | 123,198 | |||
| RECONCILIATION | OF | |||||
| FUNDS | ||||||
| Total funds brought forward |
1,986,011 | 1,986,011 | 1,862,813 | |||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 2,228,816 | 2,228,816 | 1,986,011 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| FIXEDASSETS | ||||||
| Tangible Assets | 14 | 183,959 | 195,943 | |||
| CURRENT ASSETS | ||||||
| Stock | 34,131 | 30,714 | ||||
| Debtors | 16 | 1,952,364 | 2,076,623 | |||
| Cash at Bank | 904,451 | 288,382 | ||||
| 2,890,946 | 2,395,719 | |||||
| CREDITORS: Amounts | falling due within | one | ||||
| year | 17 | (846,089) | (605,651) | |||
| NET CURRENT ASSETS | 2,044,857 | 1,790,068 | ||||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 2,228,816 | 1,986,011 | ||||
| NET ASSETS | 2,228,816 | 1,986,011 | ||||
| FUNDS | ||||||
| Restricted Income Funds | 18 | |||||
| Unrestricted Income Funds |
19 | 2,228i816 | 1,986,011 | |||
| TOTAL FUNDS | 2,228,816 | 1,986,011 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS | |||||
| Tangible Assets | 14 | 28,793 | 16,750 | ||
| Investments | 15 | I | 1 | ||
| 28,794 | 16,751 | ||||
| CURRENT ASSETS | |||||
| Debtors | 16 | 2,102,265 | 2,238,055 | ||
| Cash at Bank | 879,739 | 258,268 | |||
| 2,982,004 | 2,496,323 | ||||
| CREDITORS: Amounts | falling due within one | ||||
| year | 17 | (783,566) | (529,198) | ||
| NET CURRENT ASSETS | 2,198,438 | 1,967,125 | |||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 2,227,232 | 1,983,876 | |||
| NET ASSETS | 2,227,232 | 1,983,876 | |||
| FUNDS | |||||
| Restricted Income Funds | 18 | ||||
| Unrestricted Income Funds |
19 | 2,227,232 | 1,983,876 | ||
| TOTALFUNDS | 2,227,232 | 1,983,876 |
| 2020 | 2019 | ||
|---|---|---|---|
| CASH FLOWS FROM | OPERATING ACTIVITIES | ||
| Net income | 242,805 | 123,198 | |
| Ajdustments for: | |||
| Loss on disposal oftangible fixed assets |
548 | ||
| Depreciation oftangible | fixed assets | 38,177 | 27,022 |
| Interest receivable and similar income | |||
| Changesin: | |||
| Stock | (3,417) | (5,889) | |
| Trade and other debtors | 124458 | 677,154 | |
| Trade and other creditors | 240,438 | (917,982) | |
| Cash generated from operations |
642,809 | (96,497) | |
| Interest received | |||
| Net cash from operating | activities | 642,809 | (96,497) |
| CASH FLOWS FROM | INVESTING ACTIVITIES | ||
| Purchase oftangible assets | (26,740) | (54,355) | |
| Net cash used in investing | activities | (26,740) | (54,355) |
| NET INCREASE / (DECREASE) IN CASH AND | |||
| CASH EQUIVALENTS | 616,069 | (150,852) | |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 288,382 | 439,234 | |
| CASH AND CASH EQUIVALENTS AT END OF YEAR | 904,451 | 288,382 |
| INCOME | FR | OM | CHARITABLE | ACTIVITIES | ||||
|---|---|---|---|---|---|---|---|---|
| Total Funds | ||||||||
| Unrestricted | Total Funds | Unrestricted | ||||||
| Funds | 2020 | 2019 | ||||||
| 8 | 4 | |||||||
| Amounts | from | Local Authorities | 3,967,811 | 3,967,811 | 3,969,009 | |||
| Parental Contributions | 164,405 | 164,405 | 93,530 | |||||
| Covid-19 | Funding | 106,959 | 106,959 | |||||
| 4,239,175 | 4,239,175 | 4,062,539 | ||||||
| DONATIONS | AND LEGACIES | |||||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||||
| Funds | Funds | 2020 | 2019 | |||||
| Donations | ||||||||
| General Donations | 710,852 | 710,852 | 703,960 | |||||
| Capital Donations | (note 23) | 1,850,267 | 1,850,267 | 3,625,000 | ||||
| Legacies | ||||||||
| Legacies | 5,000 | 5,000 | 1,000 | |||||
| Sponsorship | ||||||||
| Sponsorship | Income | 25,448 | 259448 | 74,801 | ||||
| Other income | ||||||||
| Appeals | 134,296 | 134,296 | 132,274 | |||||
| Emergency | Appeal | 1,168,550 | 1,168,550 | 871,762 | ||||
| 2,044,146 | 1,850,267 | 3,894,413 | 5,408,797 |
| Total Funds | |||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | |||
| Funds | 2020 | 2019 | |||
| Social | enterprise | income | 486,998 | 486,998 | 505,867 |
| Unrestricted | Restricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | |||
| a | a | |||||
| Educational | Services | 365,104 | 365,104 | 478,674 | ||
| Adult Day | Services | 970,786 | 970,786 | 1,093,310 | ||
| Supported | Living | 2,997,893 | 2,997,893 | 2,465,396 | ||
| Donations | transferred | (note 23) | 1,850467 | 1,850,267 | 3,625,000 | |
| Support costs | 1,237/53 | 1,237,253 | 979,886 | |||
| 5,571,036 | 1,850,267 | 7,421,303 | 8,642,266 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Support | Total Funds | Total Funds | |||
| directly | costs | 2020 | 2019 | |||
| Educational | Services | 365,104 | 90,140 | 455,244 | 908,615 | |
| Adult Day | Services | 970,786 | 300,285 | 1,271,071 | 1,405,547 | |
| Supported | Living | 2,997,893 | 831,828 | 3,829,721 | 2,690,766 | |
| Donations | transferred | (note 23) | 1,850,267 | 1,850,267 | 3,625,000 | |
| Governance | costs | 15,000 | 15,000 | 12,338 | ||
| 6,184,050 | 1,237,253 | 7,421,303 | 8,642,266 |
| 9. | COSTS | OFRAISING | DONATIONS AND LEG |
ACIES | ||
|---|---|---|---|---|---|---|
| Total Funds | ||||||
| Unrestricted | Total Funds | Unrestricted | ||||
| Funds | 2020 | 2019 | ||||
| Fundraising costs |
264,600 | 264,600 | 217,094 | |||
| Sponsorships, Appeals |
and Events | 88,329 | 88,329 | 355,567 | ||
| 352,929 | 352,929 | 572,661 | ||||
| 10. | COSTS | OFOTHER TRADING ACTIVITES | ||||
| Total Funds | ||||||
| Unrestricted | Total Funds | Unrestricted | ||||
| Funds | 2020 | 2019 | ||||
| Social enterprise costs |
603,549 | 603&549 | 639,078 | |||
| 11, | NET INCOME FOR THE YEAR | |||||
| This is stated after charging: | ||||||
| 2020 | 2019 | |||||
| f, | ||||||
| Depreciation (note 14) |
38,177 | 27,022 | ||||
| Auditor's | fees | 15,000 | l2,340 | |||
| 12. | STAFF | COSTSAND EMOLUMENTS | ||||
| Total staff costs were as follows: | ||||||
| 2020 | 2019 | |||||
| Wages and salaries | 3,074,808 | 2,743,653 | ||||
| Social security costs | 277,381 | 251,913 | ||||
| Pension | costs | 156,518 | 101,745 | |||
| 3,508,707 | 3,097,311 | |||||
| Particulars ofemployees: | ||||||
| 2020 | 2019 | |||||
| No | Nc | |||||
| Number | ofFull Time Staff | 66 | 70 | |||
| Number | ofPart Time Staff | 61 | 69 | |||
| 127 | 139 |
| The number ofemployees whose remuneration f |
or the year fell within the following b |
ands, were; |
|---|---|---|
| 2020 | 2019 | |
| No | No | |
| f70,000to 879,999 f80,000tof89,999 |
1 1 |
|
| $90,000to g99,999 | ||
| 8100,000tof109,999 | ||
| 6110,000to f,119,999 |
| TANGIBLE FIXEDASSE Group |
TS | |||
|---|---|---|---|---|
| Equipment | ||||
| and | Motor | Property | ||
| software | Vehicles | Improvement | Total | |
| 6 | ||||
| COST | ||||
| At 1 September 2019 |
25,000 | 147,373 | 394,501 | 566,874 |
| Additions | 26,740 | 26,740 | ||
| Disposals | (7,293) | (7,293) | ||
| At 31August 2020 | 25,000 | 166,820 | 394,501 | 586,321 |
| DEPRECIATION | ||||
| At 1 September 2019 |
9,000 | 146,075 | 215,855 | 370,930 |
| Charge for the year | 5,000 | 7,936 | 25,241 | 38,177 |
| Disposals | (6,745) | (6,745) | ||
| At 31August 2020 | 14,000 | 147,266 | 241,096 | 402,362 |
| NET BOOKVALUE | ||||
| At31August 2020 | 11,000 | 19,554 | 153,405 | 183,959 |
| At 31 August 2019 | 16,000 | 1,298 | 178,645 | 195,943 |
| Company | ||||
| Equipment | ||||
| and | Motor | Property | ||
| software | Vehicles | Improvement | Total | |
| g | ||||
| COST | ||||
| At 1 September 2019 | 25,000 | 140,080 | 169,513 | 334,593 |
| Additions | 24,455 | 24,455 | ||
| Disposals | ||||
| At 31August 2020 | 25,000 | 164,535 | 169,513 | 359,048 |
| DEPRECIATION | ||||
| At 1 September 2019 | 9,000 | 139,330 | 169,513 | 317,843 |
| Charge for the year | 5,000 | 7&412 | 12,412 | |
| Disposals | ||||
| At31August 2020 | 14,000 | 146,742 | 169,513 | 330,255 |
| NET BOOK VALUE | ||||
| At 31August 2020 | 11,000 | 17,793 | 28,793 | |
| At 31 August 2019 | 16,000 | 750 | 16,750 | |
| 24- |
| INVESTMENTS | INVESTMENTS | |||||
|---|---|---|---|---|---|---|
| Movement in market value |
||||||
| 2020 | 2019 | |||||
| 5 | ||||||
| Market value at 1 September 2019 | 1 | 1 | ||||
| Market value at 31August | 2020 | |||||
| Historical cost at 31August 2020 | ||||||
| Analysis ofinvestments | at31August | 2020 | between funds | |||
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | 2020 | 2019 | |||
| 5 | 5 |
| totalled f1,5 DEBTORS |
85. | The loss for the year tot | alled 511655k | |||
|---|---|---|---|---|---|---|
| Group | Company | |||||
| 2020 | 2019 | 2020 | 2019 | |||
| f. | 5 | |||||
| Local Authority | debtors | 938,903 | 694,475 | 911,870 | 694,475 | |
| Amounts owed |
by group undertakings | 196,948 | 238,450 | |||
| Other debtors | 667,833 | 990,350 | 664,583 | 935,307 | ||
| Prepayments | and accrued income | 345,628 | 391,798 | 328,864 | 369,823 | |
| 1,952,364 | 2,076,623 | 2,102,265 | 2,238,055 |
| CREDITORS: Amou | nts falling due |
within one year | |||
|---|---|---|---|---|---|
| Group | Company | ||||
| 2020 | 2019 | 2020 | 2019 | ||
| 5 | |||||
| Trade creditors | 201,187 | 213,985 | 180,833 | 171,524 | |
| PAYE and social security | 88,959 | 77,137 | 77,377 | 67,388 | |
| Accruals and deferred | income | 215,293 | 67,674 | 185,753 | 45,254 |
| Other creditors | 340,650 | 246,855 | 339,603 | 245,032 | |
| 846,089 | 605,651 | 783,566 | 529,198 |
| RESTRICTED INCO | ME FUNDS | ||||
|---|---|---|---|---|---|
| Group and Company | |||||
| Balance at | Incoming | Outgoing | Balance at | ||
| 1Sep 2019 | resources | resources | Transfers | 31Aug 2020 | |
| g | g | g | |||
| Restricted Fund | 1,850,267 | (1,850,267) | |||
| Balance at | Incoming | Outgoing | Balance at | ||
| 1 Sep 2018 | resources | resources | Transfers | 31 Aug 2019 | |
| Restricted Fund | 3,870,895 | (3,870,895) | |||
| UNRESTRICTED INCOME FUNDS | |||||
| Group | |||||
| Balance at | Incoming | Outgoing | Balance at | ||
| 1Sep 2019 | resources | resources | Transfers | 31Aug 2020 | |
| g | g | g | |||
| General Funds | 1,986,011 | 6,770,319 | (6,527,514) | 2,228,816 | |
| Balance at | Incoming | Outgoing | Balance at | ||
| 1 Sep 2018 | resources | resources | Transfers | 31 Aug 2019 | |
| 8 | 8 | 8 | |||
| General Funds | 1,862,813 | 6,106,308 | (5,983,110) | 1,986,011 | |
| Company | |||||
| Balance at | Incoming | Outgoing | Balance at | ||
| 1Sep 2019 | resources | resources | Transfers | 31Aug 2020 | |
| 8 | 8 | g | g | g | |
| General Funds | 1,983,876 | 6,283,321 | (6,039,965) | 2,227,232 | |
| Balance at | Incoming | Outgoing | Balance at | ||
| 1 Sep 2018 | resources | resources | Transfers | 31Aug 2019 | |
| 8 | 8 | f. | |||
| General Funds | 1,859,467 | 5,600,441 | (5,476,032) | 1,983,876 |
| ANALYSIS | OFNET ASSE | TSBETWEE | N FUNDS | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||
| Tangible | Current | Current | Total | ||||||
| fixed assets | assets | liabilities | 2020 | ||||||
| 8 | |||||||||
| Restricted Income Funds | |||||||||
| Unrestricted | Income Funds | 183,959 | 2,890,946 | (846,089) | 2,228,816 | ||||
| Total Funds | 183,959 | 2,890,946 | (846,089) | 2428,816 | |||||
| Company | |||||||||
| Tangible | Current | Current | Total | ||||||
| fixed assets | Investments | assets | liabilities | 2020 | |||||
| Restricted Income Funds | |||||||||
| Unrestricted | Income Funds | 28,793 | 1 | 2,982,004 | (783,566) | 2,227,232 | |||
| Total Funds | 28,793 | 1 | 2,982,004 | (783,566) | 2&227,232 | ||||
| Group | |||||||||
| Tangible | Current | Current | Total | ||||||
| fixed assets | assets | liabilities | 2019 | ||||||
| Restricted Income Funds | |||||||||
| Unrestricted | Income Funds | 195,943 | 2,395,719 | (605,651) | 1,986,011 | ||||
| Total Funds | 195,943 | 2,395,719 | (605,651) | 1,986,011 | |||||
| Company | |||||||||
| Tangible | Current | Current | Total | ||||||
| fixed assets | Investments | assets | liabilities | 2019 | |||||
| I: | |||||||||
| Restricted Income Funds | |||||||||
| Unrestricted | Income Funds | 16,750 | I | 2,496,323 | (529,198) | 1,983,876 | |||
| Total Funds | 16,750 | 1 | 2,496,323 | (529,198) | 1,983,876 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Not later than | 1 year | 99,994 | 99,994 | |
| Later than | 1 year and not later than 5 years | 129,159 | 229,153 | |
| 229,153 | 329,147 |
| At 1Sep | At 31Aug | |||
|---|---|---|---|---|
| 2019 | Cash flows | 2020 | ||
| Cash | in hand and at bank | 288,382 | 616,069 | 904,451 |
| Debt | due within one year | (188,741) | (137,334) | (326,075) |
| Debt | due after one year | |||
| 99,641 | 478,735 | 578,376 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Income and endowments | ||||||||
| Donations and legacies |
5 | 2,044,146 | 1,850,267 | 3,894,413 | 5,408,797 | |||
| Charitable activities |
6 | 4,239,175 | 4,239,175 | 4,062,539 | ||||
| Total income | 6,283,321 | 1,850,267 | 8,133,588 | 9,471,336 | ||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Costs ofraising | donations | snd | ||||||
| legacies | 7 | (352,929) | (352,929) | (572,661) | ||||
| Expenditure on charitable |
activities | 8,9 | (5,571,036) | (1,850,267) | (7,421,303) | (8,642,266) | ||
| Other expenditure | 10 | (116,000) | — | (116,000) | (132,000) | |||
| Total expenditure | (6,039,965) | (1,850,267) | (7,890,232) | (9,346,927) | ||||
| Net income and net | movement | in funds | 243,356 | — | 243456 | 124,409 | ||
| Reconciliation offunds | ||||||||
| Total funds brought | forward | 1,983,876 | 1,983,876 | 1,859,467 | ||||
| Total funds carried | forward | 2,227,232 | 2,227,232 | 1,983,876 |