| CONTENTS | PAGES | ||
|---|---|---|---|
| Members ofthe Board and professional | advisers | ||
| Trustees Annual Report | 2 to9 | ||
| 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 |
ISto29 |
| KISHARON | ||||
|---|---|---|---|---|
| (LIMITED BYGUARANTEE) | ||||
| MEMBERS OF | THE BOARD AND PROFESSIONAL ADVISERS | |||
| YEAR ENDED 31AUGUST 2021 | ||||
| Registered | charity name | Kisharon | ||
| Charity number | 271519 | |||
| Company | registration | number | 1259900 | |
| Registered | office | First Floor | ||
| 333Edgware Road | ||||
| London | ||||
| NW9 6TD | ||||
| Honorary | President | Mr LNoe | ||
| Trustees &Directors | Mr P Goldberg (Chairman) |
|||
| Mrs ECastleton | ||||
| MsIGreenaway | ||||
| Ms V Hart (Appointed | 15February 2021) | |||
| Ms C Kaye (Appointed | 15February 2021) | |||
| Mr DKlein | ||||
| Ms C Leiner (Appointed | 15February 2021) | |||
| Mr M Lerner | ||||
| Mr RLevy | ||||
| Mr A Lot)us | ||||
| Mr LNoe (resigned 1 September 2021) |
||||
| Mr D Rasouly | ||||
| Secretary | Mr P Damell | |||
| Kisharon | Leadership | Team | Chief Executive | |
| Mr RFranklin | ||||
| Director ofOperations | ||||
| Mrs H Kessler | ||||
| Director ofFundraising | ||||
| Ms H Newmark (to February 2021) |
||||
| Co-Directors ofFundraising | ||||
| Mrs ILevy (from March 2021) | ||||
| Mrs CRozenberg (from September 2021) |
||||
| Director ofCorporate Services | ||||
| Mr P Darnell | ||||
| Auditor | Cohen Arnold | |||
| Chartered Accountants |
||||
| &Statutory Auditor |
||||
| New Burlington House |
||||
| 1075Finchley Road | ||||
| LONDON | ||||
| NW11 OPU | ||||
| Bankers | Barclays Bank Pic | |||
| 1250High Road | ||||
| Whetstone N20 OPB |
| YE | ARENDED 31 | AUGUST 202 | 1 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | 2021 | 2020 | |||
| Note | K | |||||
| INCOME AND | ||||||
| ENDOWMENTS | ||||||
| Charitable activities |
4 | 4,253,738 | 4,253,738 | 4,239,175 | ||
| Donations and legacies |
5 | 2t686t430 | 91t549 | 2t777t979 | 3 894413 | |
| Other trading activities: Social enterprise |
6 | 528,474 | 528,474 | 486,998 | ||
| TOTAL INCOME | 7&468,642 | 91,549 | 7,560,191 | 8,620,586 | ||
| EXPENDITURE | ||||||
| Expenditure on charitable |
||||||
| activities | 7/8 | (6,040,603) | (91,549) | (6,132,152) | (7,421,303) | |
| Expenditure on raising funds: |
||||||
| Costs ofraising donations | ||||||
| and legacies | 9 | (358,268) | (358,268) | (352,929) | ||
| Social enterprise costs |
10 | (612,366) | (612,366) | (603,549) | ||
| TOTAL | (7,011,237) | (91,549) | (7,102,786) | (8,377,781 | ||
| NET INCOME | 457,405 | 457,405 | 242,805 | |||
| Supported living grant |
11 | (935,000) | (935,000) | |||
| NET (DEFICIT) / | ||||||
| INCOME AFTER | ||||||
| GRANT | (477,595) | (477,595) | 242,805 | |||
| RECONCILIATION OF | ||||||
| FUNDS | ||||||
| Total funds brought | forward | 2,228,816 | 2,228,816 | 1,986,011 | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 1,751,221 | 1,751,221 | 2,228,816 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS | |||||
| Tangible Assets | 15 | 252,820 | 183,959 | ||
| CURRENT ASSETS | |||||
| Stock | 29,358 | 34,131 | |||
| Debtors | 17 | 1,454,149 | 1,952,364 | ||
| Cash at Bank | 634,321 | 904,451 | |||
| 2,117,828 | 2,890,946 | ||||
| CREDITORS: Amounts | falling due within one | ||||
| year | 18 | (619,427) | (846,089) | ||
| NET CURRENT ASSETS | 1,498,401 | 2,044,857 | |||
| TOTAL ASSETSLESS CURRENT LIABILITIES | 1,751,221 | 2,228,816 | |||
| NET ASSETS | 1,751,221 | 2,228,816 | |||
| FUNDS | |||||
| Restricted Income Funds | 19 | ||||
| Unrestricted Income Funds |
20 | 1,751,221 | 2,228,816 | ||
| TOTAL FUNDS | 1,751,221 | 2,228,816 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| FIXEDASSETS | ||||||
| Tangible Assets Investments |
15 16 |
105,507 1 |
28,793 I |
|||
| 105,508 | 28,794 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 17 | 1,606,582 | 2,102,265 | |||
| Cash at Bank | 562,174 | 879,739 | ||||
| 2,168,756 | 2,982,004 | |||||
| CREDITORS: Amounts | falling due within | one | ||||
| year | 18 | (525,736) | (783,566) | |||
| NET CURRENT ASSETS | 1,643,020 | 2,198,438 | ||||
| TOTAL ASSETSLESS CURRENT LIABILITIES | 1,748,528 | 2,227,232 | ||||
| NET ASSETS | 1,748,528 | 2,227,232 | ||||
| FUNDS | ||||||
| Restricted Income Funds | 19 | |||||
| Unrestricted Income Funds |
20 | 1,748,528 | 2,227,232 | |||
| TOTAL FUNDS | 1,748,528 | 2,227,232 |
| 2021 | 2020 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | (477,595) | 242,805 |
| Adjustments for: Loss on disposal oftangible fixed assets |
548 | |
| Depreciation oftangible fixed assets | 49,797 | 38,177 |
| Interest receivable and similar income |
||
| Changes in: Stock |
4,773 | (3,417) |
| Trade and other debtors | 498,215 | 124,258 |
| Trade and other creditors | (226,662) | 240,438 |
| Cash generated from operations |
(151,472) | 642,809 |
| Interest received | ||
| Net cash from operating activities |
(151,472) | 642,809 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase oftangible assets | (118,658) | (26,740) |
| Net cash used in investing activities |
(118&658) | (26,740) |
| NET INCREASE / (DECREASE) IN CASH AND | ||
| CASH EQUIVALENTS | (270,130) | 616,069 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR | 904,451 | 288,382 |
| CASH AND CASH EQUIVALENTS AT END OFYEAR | 634,321 | 904,451 |
| INCOME FR | OM | CHARITABLE | ACTIVITIES | |||
|---|---|---|---|---|---|---|
| Total Funds | ||||||
| Unrestricted | Total Funds | Unrestricted | ||||
| Funds | 2021 | 2020 | ||||
| Amounts from |
Local Authorities | 3,980)716 | 3,967,811 | 3,967,811 | ||
| Parental Contributions |
173,998 | 173)998 | 164,405 | |||
| Covid-19 Funding | 99,024 | 99)024 | 106,959 | |||
| 4,253,738 | 4,253,738 | 4,239,175 | ||||
| DONATIONS | AND LEGACIES | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | 2021 | 2020 | |||
| Donations | ||||||
| General Donations | 2,435,298 | 91,549 | 2,526,847 | 1,879,402 | ||
| Capital Donations | (note 24) | 1,850,267 | ||||
| Legacies Legacies |
65,600 | 65,600 | 5,000 | |||
| Sponsorship Sponsorship Income |
34,774 | 34,774, 25,448 | ||||
| Other income | ||||||
| Appeals | 150,758 | 150,758 | 134,296 | |||
| 2,686,430 | 91,549 | 2,777,979 | 3,894,413 |
| Total Funds | |||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | |||
| Funds | 2021 | 2020 | |||
| g | |||||
| Social | enterprise | income | 528,474 | 528,474 | 486,998 |
| Unrestricted | Restricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |||
| Educational | Services | 327,275 | 29,152 | 356,427 | 216,460 | |
| Kisharon Academy Trust subsidy | 482,741 | 482,741 | 148,644 | |||
| Adult Day | Services | 1,004460 | 1,004)360 | 970,786 | ||
| Supported | Living | 2,952,051 | 62,397 | 3,014,448 | 2,997,893 | |
| Donations | transferred | (note 24) | 1,850,267 | |||
| Support costs | 1)274,176 | 1,274,176 | 1,237,253 | |||
| 6,040,603 | 91,549 | 6,132,152 | 7,421,303 |
| COSTS O | F CHAR | IT | ABLE ACTI | VITIES BYACTI | VITY TYP | E | |
|---|---|---|---|---|---|---|---|
| Activities | |||||||
| undertaken | Support | Total Funds | Total Funds | ||||
| directly | costs | 2021 | 2020 | ||||
| t: | s | ||||||
| Educational | Services | 356,427 | 77,521 | 433,948 | 455,244 | ||
| Kisharon Academy | Trust subsidy | 482,741 | 482,741 | 148,644 | |||
| Adult Day Supported |
Services Living |
1,004,360 3,014)448 |
286,170 886,973 |
1,290,530 3,901)421 |
1,271,071 3,829,721 |
||
| Donations | transferred | (note 24) | 1,850,267 | ||||
| Governance | costs | 23,512 | 23,512 | 15,000 | |||
| 4,857,976 | 1,274,176 | 6,132,152 | 7,421,303 |
| Total Funds | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | ||||
| Funds | 2021 | 2020 | ||||
| f. | ||||||
| Fundraising | costs | 213,624 | 213,624 | 264,600 | ||
| Sponsorships, | Appeals | and | Events | 144,644 | 144,644 | 88,329 |
| 358)268 | 358,268 | 352,929 |
| COST | S OF OT | HER TRADING AC | TIVITES | ||
|---|---|---|---|---|---|
| Total Funds | |||||
| Unrestricted | Total Funds | Unrestricted | |||
| Funds | 2021 | 2020 | |||
| Social | enterprise | costs | 612,366 | 612,366 | 603,549 |
| 12. | development costs of the new supported living acco NW11. NET INCOME FOR THE YEAR |
development costs of the new supported living acco NW11. NET INCOME FOR THE YEAR |
mmodation on Decoy Aven |
ue, London |
|---|---|---|---|---|
| This is stated atter charging: | ||||
| 2021 | 2020 | |||
| Depreciation | (note 15) | 49,797 | 38,177 | |
| Auditor's fees |
21,600 | 15,000 | ||
| 13. | STAFFCOSTS AND EMOLUMENTS | |||
| Total staff costs were as follows: | ||||
| 2021 | 2020 | |||
| Wages and salaries | 2,977)657 | 3,074,808 | ||
| Social security | costs | 290,728 | 277,381 | |
| Pension costs | 61,940 | 156,518 | ||
| 3&330,325 | 3,508,707 |
| Particulars | ofemployees: | ||
|---|---|---|---|
| 2021 | 2020 | ||
| No | No | ||
| Number of | Pug Time Staff | 65 | 66 |
| Number of | Part Time Staff | 60 | 61 |
| 125 | 127 |
| The number ofemployees whose remuneration fo |
r the year fell within the following b |
ands, were: |
|---|---|---|
| 2021 | 2020 | |
| No | No | |
| %70,000tof79,999 | 1 | 1 |
| I80,000to 889,999 | 1 | 1 |
| 890,000tof99,999 | ||
| 8100,000to g109,999 | ||
| f,110,000to I,119,999 |
| TANGIBLE FIXEDASSE Group |
TS | |||
|---|---|---|---|---|
| Equipment | ||||
| and | Motor | Property | ||
| software | Vehicles | Improvement | Total | |
| 6 | ||||
| COST | ||||
| At 1 September 2020 | 25,000 | 166,820 | 394,501 | 586,321 |
| Additions | 105,286 | 13,372 | 118,658 | |
| Disposals | ||||
| At 31August 2021 | 130,286 | 180,192 | 394,501 | 704,979 |
| DEPRECIATION | ||||
| At I September 2020 | 14,000 | 147,266 | 241,096 | 402)362 |
| Charge for the year | 23,257 | 9,09$ | 17,442 | 49,797 |
| Disposals | ||||
| At 31August 2021 | 37,257 | 156,364 | 258,538 | 452,159 |
| NET BOOKVALUE | ||||
| At 31August 2021 | 93,029 | 23,82$ | 135)963 | 252,820 |
| At 31 August 2020 | 11,000 | 19,554 | 153,405 | I83,959 |
| Company | ||||
| Equipment | ||||
| and | Motor | Properly | ||
| software | Vehicles | Improvement | Total | |
| 6 | f. | |||
| COST | ||||
| At I September 2020 | 25,000 | 164,535 | 169,513 | 359,048 |
| Additions | 105,286 | 105,286 | ||
| Disposals | ||||
| At 31August 2021 | 130,286 | 164)535 | 169,513 | 464,334 |
| DEPRECIATION | ||||
| At I September 2020 | 14,000 | 146,742 | 169,513 | 330,255 |
| Charge for the year | 23,257 | 5,315 | 28,572 | |
| Disposals | ||||
| At 31August 2021 | 37)257 | 152,057 | 169,513 | 358,827 |
| NET BOOKVALUE | ||||
| At 31August 2021 | 93,029 | 12,478 | 105,507 | |
| At 31 August 2020 | 11,000 | 17,793 | 28,793 |
| INVESTMENTS | ||||
|---|---|---|---|---|
| Movement in market value |
||||
| 2021 | 2020 | |||
| Market value at 1 September 2020 | 1 | I | ||
| Market value at 31August 2021 | ||||
| Historical cost at 31August 2021 |
| August 2021 bet | ween funds |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Funds | Total | Funds |
| Funds | Funds | 2021 | 2020 | ||
| K |
| totalled $2,69 DEBTORS |
4. | The loss for the year tot | alled f83,892. | |||
|---|---|---|---|---|---|---|
| Group | Company | |||||
| 2021 | 2020 | 2021 | 2020 | |||
| Local Authority | debtors | 744,371 | 938,903 | 729,915 | 911,870 | |
| Amounts owed Other debtors |
by group undertakings | 417,409 | 667,833 | 194,004 400,522 |
196,948 664,583 |
|
| Prepayments | and accrued income | 292,369 | 345,628 | 282,141 | 328,864 | |
| 1,454,149 | 1,952,364 | 1&606,582 | 2,102,265 |
| CREDITORS: Amounts falling due |
within one year |
|||
|---|---|---|---|---|
| Group | Company | |||
| 2021 | 2020 | 2021 | 2020 | |
| Trade creditors | 239)104 | 201,187 | 209,870 | 180,833 |
| PAYE and social security | 82)449 | 88,959 | 68,392 | 77,377 |
| Accruals and deferred income | 283,873 | 215,293 | 234 567 | 185753 |
| Other creditors | 14,001 | 340,650 | 12,907 | 339,603 |
| 619,427 | 846,089 | 525,736 | 783,566 |
| RESTRICTED INCO | ME FUNDS | ||||
|---|---|---|---|---|---|
| Group and Company | |||||
| Balance at | Incoming | Outgoing | Balance at | ||
| 1Sep 2020 | resources | resources | Transfers | 31Aug 2021 | |
| Restricted Fund | 91,549 | (91,549) | |||
| Balance at | Incoming | Outgoing | Balance at | ||
| 1 Sep 2019 | resources | resources | Transfers | 31Aug 2020 | |
| Restricted Fund | 1,850,267 | (1,850,267) | |||
| UNRESTRICTED INCOME FUNDS | |||||
| Group | |||||
| Balance at | Incoming | Outgoing | Balance at | ||
| 1Sep 2020 | resources | resources | Transfers | 31Aug 2021 | |
| General Funds | 2)228,816 | 7,560,191 | (8,037,786) | 1,751,221 | |
| Balance at | Incoming | Outgoing | Balance at | ||
| 1 Sep 2019 | resources | resources | Transfers | 31Aug 2020 | |
| General Funds | 1,986,011 | 6,770,319 | (6,527,514) | 2,228,816 | |
| Company | |||||
| Balance at | Incoming | Outgoing | Balance at | ||
| 1Sep 2020 | resources | resources | Transfers | 31Aug 2021 | |
| General Funds | 2,227,232 | 7,031,716 | (7,510,420) | 1,748,528 | |
| Balance at | Incoming | Outgoing | Balance at | ||
| 1 Sep 2019 | resources | resources | Transfers | 31Aug 2020 | |
| General Funds | 1,983,876 | 6,283,321 | (6,039,965) | 2,227,232 |
| ANALYSIS | OF NET ASSE | TS BET | WEEN | FUNDS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Group | ||||||||||
| Tangible | Current | Current | Total | |||||||
| fixed | assets | assets | liabiTities | 2021 | ||||||
| 8 | t'. | t: | ||||||||
| Restricted Income Funds | ||||||||||
| Unrestricted | Income Funds | 252,820 | 2,117,828 | (619,427) | 1,751,221 | |||||
| Total Funds | 252&820 | 2,117,828 | (619&427) | 1&751,221 | ||||||
| Company | ||||||||||
| Tangible | Current | Current | Total | |||||||
| fixed | assets | Investments | assets | liabilities | 2021 | |||||
| Restricted Income Funds | ||||||||||
| Unrestricted | Income Funds | 105,507 | 2&168,756 | (525,736) | 1,748,528 | |||||
| Total Funds | 105,507 | 1 | 2&168,756 | (525,736) | 1,748,528 | |||||
| Group | ||||||||||
| Tangible | Current | Current | Total | |||||||
| fixed assets | assets | liabilities | 2020 | |||||||
| f, | ||||||||||
| 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) | 2,228,816 | ||||||
| Company | ||||||||||
| Tangible | Current | Current | Total | |||||||
| fixed | assets | Investments | assets | liabilities | 2020 | |||||
| f, | f, | |||||||||
| Restricted Income Funds | ||||||||||
| Unrestricted | Income Funds | 28,793 | 2,982,004 | (783,566) | 2,227,232 | |||||
| Total Funds | 28,793 | 2,982,004 | (783,566) | 2,227,232 |
| The total f | utur | e minimum lease payments under non-cancel |
lable operating leases are |
as follows: |
|---|---|---|---|---|
| 2021 | 2020 | |||
| g | ||||
| Not later than | 1 year | 99,994 | 99,994 | |
| Later than | 1 year and not later than 5years | 29,165 | 129,159 | |
| 129,159 | 229,153 |
| At 1Sep | At 31Aug | |||
|---|---|---|---|---|
| 2020 | Cash flows | 2021 | ||
| Cash | in hand and at bank | 904,451 | (270,130) | 634,321 |
| Debt | due within one year | (326,075) | 326,075 | |
| Debt | due after one year | |||
| 578,376 | 55,945 | 634,321 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | |||||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 2,686,430 | 91,549 | 2,777,979 | 3,894,413 | ||
| Charitable activities |
6 | 4,253,738 | 4,253,738 | 4,239,175 | |||
| Total income | 6,940)168 | 91,549 | 7,031,717 | 8,133,588 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofraising donations | aud | ||||||
| legacies | 7 | (358,268) | (358,268) | (352,929) | |||
| Expenditure on charitable |
activities | 8,9 | (6,040,603) | (91,549) | (6,132,152) | (7,421,304) | |
| Other expenditure | 10 | (85,000) | (85,000) | (116,000) | |||
| Total | (6,483)871) | (91,549) | (6,575,420) | (7,890,233) | |||
| Net income | 456,297 | 456,297 | 243,355 | ||||
| Supported living grant |
11 | (935,000) | (935,000) | ||||
| Net (deficit) / income after grant | (478,703) | (478,703) | 243,355 | ||||
| Reconciliation offunds | |||||||
| Total funds brought forward | 2,227,231 | 2,227,231 | 1,983,876 | ||||
| Total funds carried forward | 1,748,528 | 1,748,528 | 2,227,231 |