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|CONTENTS||||PAGES|
|---|---|---|---|---|
|Members ofthe Board|and professional|advisers|||
|Trustees Annual Repoit||||2to 7|
|Independent
auditor's|report to the members|||8to 12|
|Statement offinancial|activities (incorporating||the||
|income and expenditure
account)||||13|
|Balance sheets||||14to 15|
|Statement ofCash Flows||||16|
|Notes to the financial|statements|||17to 27|
||||Y|Y|EAR ENDED 31|AU|GUST 202|3|
|---|---|---|---|---|---|---|---|---|
|Registered|||charity name||Kisheron Langdon||||
|Charity|number||||271519||||
|Company||registration||number|1259900||||
|Registered|||oflice||First Floor||||
||||||333 Edgware Road||||
||||||London||||
||||||NW9 6TD||||
|Trustees|&Directors||||Mr P Goldberg (Chairman)||||
||||||Mrs ECastleton||||
||||||Ms C Kaye||||
||||||Mr D Klein||||
||||||Ms C Lerner||||
||||||Mr M Lerner||||
||||||Mr RJ Levy||||
||||||Mr A Loftus||||
||||||Mrs SR Cooper||(Appointed|1 August 2023)|
||||||Mr N I Doffman||(Appointed|1 August 2023)|
||||||Mr BMiller||(Appointed|1 August 2023)|
||||||Mr N JHenry||(Appointed|1 August 2023)|
||||||Mr PTJoseph||(Appointed|1 August 2023)|
||||||Mrs KA Phillips||(Appointed|1 August 2023)|
|Secretary|||||Mr P Damell||||
|Leadership|||Team||Chief Executive||||
||||||Mr RFranklin||||
||||||Director of0 erations||||
||||||Mrs H Sowa||||
||||||Director ofFundraisin||||
||||||Mr A Overlander-Kaye||||
||||||Director ofCol|orate|Selvices||
||||||Mr P Darnell||||
|Auditor|||||Cohen Arnold||||
||||||Chaltered
Accountants||||
||||||& Statutoly Auditor||||
||||||New Burlington|House|||
||||||1075Finchley Road||||
||||||LONDON||||
||||||NW11 OPU||||
|Bankers|||||Barclays Bank Plc||||
||||||1250High Road||||
||||||Whetstone N20|OPB|||
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|||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Funds|Funds|2023|2022|
||Note|f.||||
|INCOME AND||||||
|ENDOWMENTS||||||
|Charitable
activities|4|5,342,026||5,342,026|4,961,730|
|Donations
and legacies|5|2,328,404|166,068|2,494,472|2,391,072|
|Other trading activities:
Social enterprise|6|520,514||520,514|438,650|
|TOTAL INCOME||8,190,944|166,068|8,357,012|7,791,452|
|EXPENDITURE||||||
|Expenditure
on charitable
activities
7/8||(6,953,986)|(91,788)|(7,045)774)|(6,740,890)|
|Expenditure
on raising|funds;|||||
|Costs ofraising donations
and legacies
9
Social enterprise
costs
10||(459)252)
(681,512)||(459052)
(681,512)|(378,238)
(569,630)|
|TOTAL||(8,094,750)|(91,788)|(8,186,538)|(7,688,758)|
|NKT INCOMK||96,194|74480|170,474|102,694|
|Langdon
merger costs|11|(179,881)|(74480)|(254,161)|(70,137)|
|NKT (DEFICIT)/||||||
|INCOME AFTER||||||
|MERGER COSTS||(83,687)||(83,687)|32,557|
|RECONCILIATION|OF|||||
|FUNDS||||||
|Total funds brought
fot3vard||1,783,778||1,783,778|1,751,221|
|TOTAL FUNDS CARRIED||||||
|FORWARD||1,700,091||1,700,091|1,783,778|
##
||CONSOLIDATED BA|CONSOLIDATED BA|LANC|E SHEET|||
|---|---|---|---|---|---|---|
||31AUGUST||2023||||
|||||2023||2022|
||||Note||||
|FIXEDASSETS|||||||
|Tangible Assets|||15||324,135|277,187|
|CURRENT ASSETS|||||||
|Stock||||45,815||44,046|
|Debtors|||17|883,407||1,060,930|
|Cash at Bank||||912,586||1,291,202|
|||||1,841,808||2,396,178|
|CREDITORS: Amounts|falling due within|one|||||
|year|||18|(465,852)||(889,587)|
|NET CURRENT ASSETS|||||1,375,956|1,506,591|
|TOTAL ASSETSLESS|CURRENT LIABILITIES||||1,700,091|1,783,778|
|NKT ASSETS|||||1,700,091|1,783,778|
|FUNDS|||||||
|Restricted Income Funds|||19||||
|Unresnicted
Income Funds|||20||1,700,091|1,783,778|
|TOTAL FUNDS|||||1,700,091|1,783,778|
##
||31AUGUST|2023||||
|---|---|---|---|---|---|
||||2023||2022|
|||Note||||
|FIXEDASSETS||||||
|Tangible Assets
Investments||15
16||210,747
I|142,906
I|
|||||210,748|142,907|
|CURRENT ASSETS||||||
|Debtors||17|1,033,597||1,208,805|
|Cash at Bank|||886,201||1,262,093|
||||1,919,798||2,470,898|
|CREDITORS: Amounts|falling due within one|||||
|year||18|(432,168)||(832,740)|
|NKT CURRENT ASSK1TS||||1,487,630|1,638,158|
|TOTAL ASSETSLESS|CURRENT LIABILITIES|||1,698,378|1,781,065|
|NKT ASSETS||||1,698,378|1,781,065|
|FUNDS||||||
|Restricted Income Funds||19||||
|Unresnicted
Income Funds||20||1,698,378|1,781,065|
|TOTAL FUNDS||||1,698,378|1,781,065|
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||2023|2022|
|---|---|---|
|CASH FLOWS FROM OPERATING ACTIVITIES|||
|Net (deficit)/income|(83,687)|32,557|
|Adf astments for:
Depreciation oftangible fixed assets
Loss on disposal offixed assets|83462
250|63,173|
|Changes in:
Stock|(1,770)|(14,688)|
|Trade and other debtors|177,524|393,219|
|Trade and other creditors|(423,735)|270,160|
|Cash generated
from operations|(248,156)|744,421|
|Net cash from operating
activities|(248,156)|744,421|
|CASH FLOWS FROM INVESTING ACTIVITIES|||
|Purchase oftangible
assets|(130,460)|(87,540)|
|Net cash used in investing
activities|(130,460)|(87,540)|
|NET (DECREASE) / INCREASE IN CASH AND
CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR|(378,616)
1)291402|656,881
634,321|
|CASH AND CASH EQUIVALENTS AT END OFYEAR|912,586|1,291,202|
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|NCOME F|RO|M CHARITABLE|ACTIVITIES||||
|---|---|---|---|---|---|---|
|||||||Total Funds|
|||||Unrestricted|Total Funds|Unrestricted|
|||||Funds|2023|2022|
|||||f|||
|Local Authorities||||5,192,354|5,192,354|4,671,253|
|Parental
Contributions||||149,672|149,672|254,165|
|Covid-19 Funding||||||36,312|
|||||5,342,026|5,342&026|4,961,730|
|DONATION|S|AND LEGACIES|||||
||||Unrestricted|Restricted|Total Funds|Total Funds|
||||Funds|Funds|2023|2022|
|Donations|||||||
|General Donations|||1,984,935|166,068|2,151,003|2,085,924|
|Legacies
Legacies|||42,933||42,933|100,286|
|Sponsorship
Sponsorship|Income||142,404||142,404|76,592|
|Other income|||||||
|Appeals|||158,132||158,132|128,270|
||||2,328,404|166,068|2,494,472|2,391,072|
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|||||||Total Funds|
|---|---|---|---|---|---|---|
||||Unrestricted|Total|Funds|Unrestricted|
||||Funds||2023|2022|
||||f||||
|Social|enterprise|income|520,514||520,514|438,650|
##
|||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Funds|Funds|2023|2022|
|Educational
Seivices
Kisharon Academy
Trust subsidy
Adult Day Services
Supported
Living
Support costs||344,777
225,749
859,465
4,246,851
1477,144|91,788|436,565
225,749
859,465
4/46,851
1,277,144|354,615
314,782
847,276
3,943,136
1,281,081|
|||6,953,986|91,788|7,045,774|6,740,890|
##
|COSTS OF|CHAR|ITABLE ACTI|VITIES BYACTI|VITY TYPE|||
|---|---|---|---|---|---|---|
||||Activities||||
||||undertaken|Support|Total Funds|Total Funds|
||||directly|costs|2023
f|2022
f|
|Educational|Services||436,565|81,755|518,320|431,545|
|Itisharon
Academy
Adult Day Selvices
Supported
Living
Governance
costs||Trust subsidy|225,749
859,465
4,246&851|187,367
987,502
20,520|225,749
1,046,832
5/34,353
20,520|314,782
1,042,079
4,930,551
21,933|
||||5,768,630|I/77,144|7,045,774|6,740,890|
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|||||||Total Funds|
|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|
|||||Funds|2023|2022|
||Fundraising
costs
Sponsorships,
Appeals|and Events||342,742
116,510|342,742
116,510|254,949
123,289|
|||||459452|459,252|378,238|
|10.|COSTS OF OTHER TRADING ACTIVITES||||||
|||||||Total Funds|
|||||Unrestricted|Total Funds|Unrestricted|
|||||Funds|2023|2022|
||Social enterprise
costs|||681&512|681,512|569,630|
|11.|COSTS OF LANGDON MERGER||||||
||||Unrestricted|Restricted|Total Funds|Total Funds|
||||Funds|Funds|2023|2022|
||Langdon
merger costs||179,881|74/80|254,161|70,137|
|12.|NET INCOME FOR|THK YEAR|||||
||This is stated after charging:||||2023|2022|
||Depreciation
(note 15)
Auditor's
fees||||83462
24,780|63,173
22,020|
|13.|STAFF COSTS AND|EMOLUMENTS|||||
||Total staff costs were|as follows:|||||
||||||2023|2022|
||Wages and salaries
Social security costs
Pension costs||||3,751,357
373,067
217,547|3 425 190
338,413
174,056|
||||||4,341,971|3,937,659|
##
##
|Particulars|ofernployeesr|||
|---|---|---|---|
|||2023|2022|
|||No|No|
|Number of|Full Time Staff|78|77|
|Number of|Part Time Staff|73|73|
|||151|150|
|The number ofemployees
whose remuneration
fo|r the year fell within the following
ba|nds, were:|
|---|---|---|
||2023|2022|
||No|No|
|$60,000tof69,999|2||
|870,000to 879,999|||
|f80,000tof89,999|||
|f.90,000to g99,999|||
|f.100,000to f.109,999|||
|f.110,000to f.119,999|||
|f120,000to f.129,999|||
|f130,000to f.139,999|||
##
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|Group||||||
|---|---|---|---|---|---|
||Equipment
and|Motor||Property||
||software|Vehicles|Improvementf||Total|
|COST
At
1 September 2022
Additions|189,356
109,661|200,592
20,799||402,571|792,519
130,460|
|Disposals||(250)|||(250)|
|At 31August 2023|299,017|221,141||402,571|922,729|
|DEPRECIATION||||||
|At 1 September 2022
Charge for the year|67,677
46468|170,602
18,479||277,053
18,515|515,332
83,262|
|At 31August 2023|113,945|189,081||295,568|598,594|
|NKT BOOK VALUE||||||
|At 31August 2023|185,072|32,060||107,003|324,135|
|At 3i August 2022|121,679|29,990||125,518|277,187|
|Company||||||
||Equipment|||||
||and|Motor||Property||
||software|Vehicles||Improvement|Total|
|COST||||||
|At
1 September 2022
Additions|189,356
109,661|184,685
20,799||169,513|543,554
130,460|
|At 31August 2023|299,017|205,484||169,513|674,014|
|DEPRECIATION||||||
|At 1 September 2022
Charge for the year|67,677
46468|163,458
16,351||169,513|400,648
62,619|
|At 31August 2023|113,945|179,809||169,513|463,267|
|NKT BOOK VALUE||||||
|At 31August 2023|185,072|25,675|||210,747|
|At 31 August 2022|121,679|21,227|||142,906|
##
##
|INVESTNIENTS|||||
|---|---|---|---|---|
|Movement
in market value|||||
||2023||2022||
|Market value at
1 September 2022||1||1|
|Market value at 31 August 2023|||||
|Historical cost at 31 August 2023|||||
##
|August 2023 bet|ween
funds|||||
|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds||2023||2022|
##
|2023 totalled f.1,715.The loss for the yea
DEBTORS|r totalled f160|,998.|||
|---|---|---|---|---|
||2023|2022|2023f|2022|
|Local Authority
debtors
Amounts
owed by group undeltakings
Other debtors|237,050
176,887|588,999
131,041|201,834
231,011
151,492|575,149
296,516
9,630|
|Prepayments
and accrued income|469,470|340,890|449,260|327,510|
||883,407|1,060,930|1,033,597|1,208,805|
|CREDITORS: Amounts|CREDITORS: Amounts|falling due within|one year||||
|---|---|---|---|---|---|---|
||||Group||Company||
||||2023|2022|2023|2022|
||||f.||||
|Trade creditors|||274,044|268,353|254,907|239,910|
|PAYE and social security
Accruals and deferred
income|||107,559
65,753|120,129
77,867|106,027
54,769|106,574
63,866|
|Other creditors|||18,496|423,238|16,465|422,390|
||||465,852|889,587|432,168|832,740|
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|19.|RESTRICTED INCO|RESTRICTED INCO|RESTRICTED INCO|ME|FUNDS|||||
|---|---|---|---|---|---|---|---|---|---|
||Group and Company|||||||||
||||||Balance at|Incoming|Outgoing||Balance at|
||||||1 Sep 2022|resources|resources|Transfers|31Aug 2023|
||||||||g|||
||Restricted|Fund||||166&068|(166&068)|||
||||||Balance at|Incoming|Outgoing||Balance at|
||||||I Sep 2021|resources|resources|Transfers|31 Aug 2022|
||Restricted|Fund||||32,473|(32,473)|||
|20.|UNRESTRICTED INCOME FUNDS|||||||||
||Group|||||||||
||||||Balance at|Incoming|Outgoing||Balance at|
||||||1 Sep 2022|resources|resources|Transfers|31Aug 2023|
|||||||g|g|||
||General Funds||||1,783,778|8,190&944|(8,274,631)||1,700,091|
|||||Balance at||Incoming|Outgoing||Balance at|
|||||I|Sep 2021|resources|resources|Transfers|31 Aug 2022|
||||||||6|||
||General
Funds|||1,75),221||7,758,979|(7,726,422)||1,783,778|
||Company|||||||||
||||||Balance at|Incoming|Outgoing||Balance at|
||||||1Sep 2022|resources|resources|Transfers|31Aug 2023|
||General Funds||||g
1,781,065|7,670&430|(7,753,117)||1,698,378|
||||||Balance at|Incoming|Outgoing||Balance at|
|||||I Sep 2021
f.||resources|resources
6|Transfers|31Aug 2022
f|
||General Funds||||1,748,528|7,320,329|(7,287,792)||1,781,065|
|21.|ANALYSIS OFNET ASSETSBETWEEN FUNDS|||||||||
||Group|||||||||
|||||||Tangible|Current|Current|Total|
|||||||fixed assets|assets|liabilities|2023|
|||||||E|E|||
||Restricted Income Funds|||||||||
||Unrestricted||Income|Funds||324,135|1,841,808|(465,852)|1,700,091|
||Total Funds|||||324,135|1,841,808|(465,852)|1,700,091|
##
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|Company|||||||
|---|---|---|---|---|---|---|
|||Tangible||Current|Current|Total|
|||fixed assets
f|Investments|assets|liabilitiesf|2023|
|Restricted Income Funds|||||||
|Unrestricted|Income Funds|210,747||1,919,798|(432,168)|1,698,378|
|Total Funds||210,747||1,919,798|(432,168)|1,698,378|
##
|Group||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||Tangible|||Current|Current|||Total|
|||fixed|assets||assets|liabihties|||2022|
|Restricted Income Funds||||||||||
|Unrestricted|Income Funds|277,187||2,396,178||(889,587)||1,783,778||
|Total Funds||277,187||2,396,178||(889,587)||1,783,778||
|Company||||||||||
|||Tangible|||Current||Current||Total|
|||fixed assets|Investments||assets||liabilities||2022|
|Restricted Income Funds||||||||||
|Unrestricted|Income Funds|142,906||I|2,470,898||(832,740)||1,781,065|
|Total Funds||142,906|||2,470,898||(832,740)||1,781,065|
##
|The total f|utur|e minimum
lease payments
under non-cancel|lable
operating
leases are a|s follows:|
|---|---|---|---|---|
|Group|||2023
f|2022|
|Not later than
I year
Later than
I year and not later than 5 yeats|||68,150
131,058|68,150
199,208|
||||199408|267,358|
##
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||||At I Sep||At 31Aug|
|---|---|---|---|---|---|
||||2022
f|Cash flows|2023
f|
|Cash|in hand and|at bank|1,291,202|(378,616)|912,586|
|Loan|due within|one year|(387,730)|387,730||
||||903,472|9,114|912,586|
##
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|||||
|Income and endowments||||||||
|Charitable
activities|||4|5,342,026||5,342)026|4,961,730|
|Donations
and legacies|||5|2428,404|166,068|2,494,472|2,391,072|
|Total income||||7,670,430|166,068|7&836,498|7,352,802|
|Expenditure||||||||
|Expenditure
on charitable|activities||7,8|(6,953,986)|(91,788)|(7,045,774)|(6,740,890)|
|Expenditure
on raising funds:||||||||
|Costs ofraising donations||and||||||
|legacies
Other expenditure|||9|(459,250)
(160,000)||(459,250)
(160,000)|(378,238)
(131,000)|
|Total||||(7,573,236)|(91,788)|(7)665,024)|(7,250,128)|
|Net income||||97,194|74480|171,474|102,674|
|Langdon
merger costs|||11|(179,881)|(74480)|(254,161)|(70,137)|
|Net (deficit) / income after grant||||(82,687)||(82,687)|32,537|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||1,781,065||1,781,065|1,748,528|
|Total funds carried forward||||1,698,378||1,698,378|1,781,065|