| Pages | |||
|---|---|---|---|
| Trustees' | annual report | 1to 3 | |
| Independent auditor's |
report to the members | 4to 7 | |
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Statement | ofcash flows | 10 | |
| Notes to | the financial | statements | 11to 18 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | |||||||
| Income and endowments | |||||||
| Donations and legacies |
4 | 1,009,242 | 1,009,242 | 180,000 | |||
| Charitable activities |
5 | 171,000 | 171,000 | 131,000 | |||
| Other income | 6 | 110,265 | 110465 | 111,126 | |||
| Total income | 1,290,507 | 1490,507 | 422,126 | ||||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 7,8 | (154,065) | (154,065) | (140,648) | ||
| Other expenditure | 9 | (43,778) | (43&778) | (57,878) | |||
| Total expenditure | (197,843) | (197,843) | (198,526) | ||||
| Net income | 1,092,664 | 1,092,664 | 223,600 | ||||
| Transfers between | funds | 840,733 | (840,733) | ||||
| Net movement in funds |
1,933,397 | (840,733) | 1&092,664 | 223,600 | |||
| Reconciliation offunds | |||||||
| Total funds brought | forward | 2,392,462 | 1,170,534 | 3,562,996 | 3,339,396 | ||
| Total funds carried forward | 4,325,859 | 329,801 | 4,655,660 | 3,562,996 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | g | |||||
| Fixed assets | ||||||
| Tangible fixed assets | 15 | 7,025,678 | 6,154,680 | |||
| Current assets | ||||||
| Debtors | 16 | 4,460 | 327,897 | |||
| Cash at bank | and in hand | 856,720 | 38,515 | |||
| 861,180 | 366,412 | |||||
| Creditors: amounts | falling due within one year | 17 | (584,677) | (104,355) | ||
| Net current | assets | 276,503 | 262,057 | |||
| Total assets | less current liabilities | 7,302,181 | 6,416,737 | |||
| Creditors: amounts | falling due after more than | |||||
| one year | 18 | (2,646,521) | (2,853,741) | |||
| Net assets | 4,655,660 | 3,562,996 | ||||
| Funds ofthe | charity | |||||
| Restricted funds |
329,801 | 1,170,534 | ||||
| Unrestricted | funds | 4425,859 | 2,392,462 | |||
| Total charity funds | 19 | 4,655,660 | 3,562,996 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Cash flows from operating | activities | ||||
| Net income | 1,092,664 | 223,600 | |||
| Adjustments for: | |||||
| Depreciation oftangible fixed assets |
81,369 | 81,369 | |||
| Interest payable and similar | charges | 49,423 | 54,687 | ||
| Accrued income | (4,075) | (2,728) | |||
| Changesin: | |||||
| Trade and other debtors | 326,075 | (137,334) | |||
| Trade and other creditors | 368,509 | ||||
| Cash generated from operations | 1,913,965 | 219,594 | |||
| Interest paid | (49&423) | (54,687) | |||
| Net cash from operating activities |
1,864,542 | 164,907 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible assets | (952,367) | (68,563) | |||
| Net cash used in investing | activities | (952,367) | (68,563) | ||
| Cash flows from financing | activities | ||||
| Proceeds from borrowings | (93,970) | (77,820) | |||
| Net cash used in financing | activities | (93,970) | (77,820) | ||
| Net increase in cash and cash equivalents | 818,205 | 18,524 | |||
| Cash and cash equivalents | at beginning | ofyear | 38,515 | 19,991 | |
| Cash and cash equivalents | at end ofyear | 856,720 | 38,515 |
| DONATIONS AND LEGACIE |
S | ||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| Donations | |||
| Donations | 1,009,242 | 1,009,242 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| f. | |||
| Donations | |||
| Donations | 180,000 | 180,000 |
| 5. | SeeNote 22 for related party tran CHAIuTAIILE ACTIVITIES |
sactions included in |
donations. | ||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| Rental income - Kisharon | 171,000 | 171,000 | 131,000 | 131,000 | |
| 6. | OTHER INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| Rental income - other | 110,265 | 110)265 | 111,126 | 111,126 |
| 7. | EXPENDITURE ON CH | ARITABLE | ACTIVITIE | S BYFUND T | YPE | |
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| Provision and development | offacilities | |||||
| used by Kisharon Support costs |
130,792 23,273 |
130,792 23j273 |
138,248 2,400 |
138,248 2,400 |
||
| 154,065 | 154,065 | 140,648 | 140,648 | |||
| 8. | EXPENDITURE ON CHARITABLE | ACTIVITIES BYACTIVITY TYPE | ||||
| Activities | ||||||
| undertaken | Total funds | Total fund | ||||
| directly | Support costs | 2021 | 2020 | |||
| f, | ||||||
| Provision and development |
offacilities | |||||
| used by Kisharon Governance costs |
130,792 | 23,273 | 130,792 23273 |
138,248 2,400 |
||
| 130,792 | 23,273 | 154,065 | 140,648 | |||
| 9. | OTHER EXPENDITURE | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| 5 | f. | |||||
| Rental property costs | 43,778 | 43,778 | 57,878 | 57,878 | ||
| 10. | NKT INCOME | |||||
| Net income is stated after charging/(crediting): | ||||||
| 2021 | 2020 | |||||
| Depreciation oftangible fixed assets | 81,369 | 81,369 | ||||
| 11. | AUDITORS REMUNERATION | |||||
| 2021 | 2020 | |||||
| Fees payable for the audit of the financial statements | 5,700 | 2,400 |
| unrestricted funds with the agreement ofthe relevant p TANGIBLE FIXEDASSETS |
arties. |
|---|---|
| Land and | |
| buildings | |
| Cost | |
| At 1 September 2020 | 7&466498 |
| Additions | 952@67 |
| At 31August 2021 | 8,418,665 |
| Depreciation At 1 September 2020 |
1&311,618 |
| Charge for the year | 81,369 |
| At 31August 2021 | 1,392,987 |
| Carrying amount |
|
| At 31August 2021 | 7&025,678 |
| At 31August 2020 | 6,154,680 |
| 16. | being depreci DEBTORS |
ated. | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Prepayments | and accrued | income | 4,460 | 1,822 | |||
| Other debtors | 326,075 | ||||||
| 4,460 | 327,897 | ||||||
| SeeNote 22 | for related party transactions | included | in other debtors. | ||||
| 17. | CREDITORS: amounts | falling due within one | year | ||||
| 2021 | 2020 | ||||||
| Bank loans and overdrafls | 201,000 | 87,750 | |||||
| Accruals and | deferred income | 15,168 | 16,605 | ||||
| Other creditors | 368,509 | ||||||
| 584,677 | 104,355 |
| CRE | DITO | RS: | amounts falling due after more |
than one year | |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Bank | loans | and | overdrafts | 2,646,521 | 2,853,741 |
| Unrestricted | funds | ||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| I | September | 31August | |||||
| 2020 | Income | Expenditure | Transfers | 2021 | |||
| Unrestricted | Fund | 2,392,462 | 1,290,507 | (197,843) | 840,733 | 4,325,859 | |
| At | |||||||
| I | September | At 31August | |||||
| 2019 | Income | Expenditure | Transfers | 2020 | |||
| f, | |||||||
| Unrestricted | Fund | 2,348,862 | 242,126 | (198,526) | 2,392,462 |
| Restricted | funds | |||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 September | 31August | |||||
| 2020 | Income | Expenditure | Transfers | 2021 | ||
| f, | ||||||
| Supported | Living | 680,000 | (680,000) | |||
| Fred Rosenberg | ||||||
| Memorial | Trust Fund | 160,733 | (160,733) | |||
| The Phil | Forman Trust | |||||
| Fund - Montfort House | 100,000 | 100,000 | ||||
| Kisharon | Adult Services | 229,801 | 229,801 | |||
| 1,170,534 | (840,733) | 329,801 | ||||
| At | ||||||
| 1 September | At | 31August | ||||
| 2019 | Income | Expenditure | Transfers | 2020 | ||
| Supported | Living | 500,000 | 180,000 | 680,000 | ||
| Fred Rosenberg | ||||||
| Memorial | Trust Fund | 160,733 | 160,733 | |||
| The Phil | Forman Trust | |||||
| Fund - Montfort House | 100,000 | 100,000 | ||||
| Kisharon | Adult Services | 229,801 | 229,801 | |||
| 990,534 | 180,000 | 1,170,534 |
| 20. | ANALYSIS OFNKT ASSETS | BETWEEN F | UNDS | |||||
|---|---|---|---|---|---|---|---|---|
| Tangible | Current | Current | Long term | |||||
| fixed assets | assets | liabilities | liabilities | Total | ||||
| Restricted Income Funds: | ||||||||
| The Phil Forman Trust Fund- | ||||||||
| Montfort House | 100,000 | 100,000 | ||||||
| Kisharon Adult Services | 229,801 | 229,801 | ||||||
| 329,801 | 329,801 | |||||||
| Unresn icted Income Funds: | ||||||||
| General Funds | 6,695,877 | 861,180 | (584,677) (2,646,521) | 4,325,859 | ||||
| Total Funds | 7,025,678 | 861,180 | (584,677) (2,676,521) | 4,655,660 | ||||
| 21. | ANALYSIS OF CHANGES IN NET DEBT | |||||||
| At | ||||||||
| At | I | Sep 2020 | Cash flows | 31Aug 2021 | ||||
| Cash at bank and in hand | 38,515 | 818,205 | 8569720 | |||||
| Debt due within one year | (87,750) | (113,250) | (201,000) | |||||
| Debt due after one year | (2,853,741) | 207,220 | (2,646,521) | |||||
| (2,992,976) | 912,176 | (1,999,9111) |