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|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||
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|||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|
##
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||||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|
##
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|||||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|
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|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|
##
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||||||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|
##
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##
|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|||
##
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##
|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|
##
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|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|
##
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||||||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|