| Pages | |||
|---|---|---|---|
| Trustees' | annual report | 1to 3 | |
| Independent auditor's |
report to the members | 4 to 7 | |
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Statement | ofcash flows | 10 | |
| Notes to | the financial | statements | 11to 18 |
| Registered | charity | name | Kisharon Charitable | Kisharon Charitable | Trust | Trust | |
|---|---|---|---|---|---|---|---|
| Charity registration | number | 278369 | |||||
| Principal | office | First Floor | |||||
| 333Edgware Road | |||||||
| London | |||||||
| NW9 6TD | |||||||
| THE TRUSTEES | Mr P Goldberg | (Chairman) | |||||
| Mr M Lerner | |||||||
| Mr RLevy | |||||||
| Mr A Loilus | |||||||
| Mr LNoe | |||||||
| A.uditor | Cohen Arnold | ||||||
| Chartered Accountants |
A statutory | auditor | |||||
| New Burlington | House | ||||||
| 1075Finchley Road | |||||||
| LONDON | |||||||
| NW11 OPU | |||||||
| Bankers | Barclays Bank | Pic | |||||
| Edgware Group | |||||||
| 126 Station Road | |||||||
| Edgware | |||||||
| Middlesex | |||||||
| HA8 7RY |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Income and endowments | ||||||||
| Donations and legacies | 4 | 100,824 | 100,824 | 1,009,242 | ||||
| Charitable activities |
5 | 171,000 | 171,000 | 171,000 | ||||
| Other income | 6 | 114,504 | 114,504 | 110,265 | ||||
| Total income | 285,504 | 100,824 | 386,328 | 1,290,507 | ||||
| Expenditure | ||||||||
| Expenditure on charitable |
activities | 7,8 | (235,474) | (235,474) | (154,065) | |||
| Other expenditure | 9 | (55,162) | (55,162) | (43,778) | ||||
| Total expenditure | (290,636) | — | (290,636) | (197,843) | ||||
| Net income | (5,132) | 100,824 | 95,692 | 1,092,664 | ||||
| Transfers between | funds | 14 | 330,625 | (330,625) | ||||
| Net movement in |
funds | 325,493 | (229,801) | 95,692 | 1,092,664 | |||
| Reconciliation offunds | ||||||||
| Total funds brought | forward | 4,325,859 | 329,801 | 4,655,660 | 3,562,996 | |||
| Total funds carried | forward | 4,651,352 | 100,000 | 4,751452 | 4,655,660 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | K | |||||
| Fixed assets | ||||||
| Tangible fixed assets | 15 | 7,068,511 | 7,025,678 | |||
| Current assets |
||||||
| Debtors | 16 | 326,400 | 4,460 | |||
| Cash at bank | and in hand | 34,466 | 856,720 | |||
| 360,866 | 861,180 | |||||
| Creditors: amounts | falling due within one year | 17 | (211,482) | (584,677) | ||
| Net current | assets | 149+84 | 276,503 | |||
| Total assets | less current liabilities | 7,217,895 | 7,302,181 | |||
| Creditors: amounts | falling due after more than | |||||
| one year | 18 | (2,466,543) | (2,646,521) | |||
| Net assets | 4,751,352 | 4,655,660 | ||||
| Funds ofthe | charity | |||||
| Restricted funds | 100,000 | 329,801 | ||||
| Unrestricted | funds | 4,651,352 | 4,325,859 | |||
| Total charity | funds | 19 | 4,751,352 | 4,655,660 |
| YEAREN | DED 31AUGUST 2 | 022 | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Cash flows from operating | activities | |||
| Net income | 95,692 | 1,092,664 | ||
| Adj us/ments for: | ||||
| Depreciation oftangible fixed assets | 104,500 | 81,369 | ||
| Interest payable and similar |
charges | 78,728 | 49,423 | |
| Accrued expenses/(income) | 12,452 | (4,075) | ||
| Changes in: | ||||
| Trade and other debtors | (321,076) | 326,075 | ||
| Trade and other creditors | (368&509) | 368,509 | ||
| Cash generated from operations |
(398&213) | 1,913,965 | ||
| Interest paid | (78,730) | (49,423) | ||
| Net cash (used in)/from operating activities |
(476,943) | 1,864,542 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets |
(147,333) | (952,367) | ||
| Net cash used in investing activities |
(147,333) | (952,367) | ||
| Cash flows from financing | activities | |||
| Proceeds from borrowings | (197,978) | (93,970) | ||
| Net cash used in financing | activities | (197,978) | (93,970) | |
| Net (decrease)/increase in |
cash and cash | equivalents | (822,254) | 818,205 |
| Cash and cash equivalents | at beginning | ofyear | 856,720 | 38,515 |
| Cash and cash equivalents | at end ofyear | 34,466 | 856,720 |
| DONATIONS AND LEGACIE |
S | ||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| s | |||
| Donations | |||
| Donations | 100,824 | 100,824 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| 1, | |||
| Donations | |||
| Donations | 1,009,242 | 1,009,242 |
| 5. | SeeNote 22 for related party tran CHARITABLE ACTIVITIES |
sactions included in |
donations. | ||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| Rental income - Kisharon | 171,000 | 171,000 | 171,000 | 171,000 | |
| 6. | OTHER INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| Rental income - other | 114,504 | 114,504 | 110,265 | 110,265 |
| EXPEN | DITURE ON CHARITAB | LE ACTIVITIE | S BYFUND T | YPE | |
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| 5 | |||||
| Provision | offacilities used by | ||||
| Kisharon | 183,226 | 183,226 | 130,792 | 130,792 | |
| Support | costs | 52,248 | 52,248 | 23,273 | 23,273 |
| 235,474 | 235,474 | 154,065 | 154,065 |
| 8. | EXPENDIT | URE ON CHARITABLE | ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Total funds | Total fund | ||||
| directly | Support costs | 2022 | 2021 | |||
| Provision offacilities used by | ||||||
| Kisharon | 183,226 | 183,226 | 130,792 | |||
| Governance | costs | 52,248 | 52,248 | 23,273 | ||
| 183,226 | 52,248 | 235,474 | 154,065 | |||
| 9. | OTHER EXPENDITURE | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| 6 | f. | |||||
| Rental property costs | 55,162 | 55,162 | 43,778 | 43,778 | ||
| 10. | NET INCOME | |||||
| Net income | is stated after charging/(crediting): | |||||
| 2022 | 2021 | |||||
| Depreciation | oftangible fixed assets | 104,498 | 81,369 | |||
| 11. | AUDITORS REMUNERATION | |||||
| 2022 | 2021 | |||||
| Fees payable | for the audit ofthe financial | statements | 9,000 | 5,700 |
| unrestricted funds with the agreement of the relevant p TANGIBLE FIXEDASSETS |
arties. |
|---|---|
| Land and | |
| buildings | |
| Cost | |
| At I September 2021 Additions |
8,418,665 147,333 |
| At 31August 2022 | 8,565,998 |
| Depreciation At I September 2021 Charge for the year |
1,392,989 104,498 |
| At 31August 2022 | 1,497,487 |
| Carrying amount At 31August 2022 |
7,068)511 |
| At 31August 2021 | 7,025,676 |
| being depreci DEBTORS |
ated. | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Prepayments | and accrued | income | 5,322 | 4,460 | ||
| Other debtors | 321,078 | |||||
| 326,400 | 4,460 | |||||
| SeeNote 22 | for related party transactions | included | in other debtors. | |||
| CREDITORSi amounts | falling due within one | year | ||||
| 2022 | 2021 | |||||
| Bank loans and overdrafts | 183,000 | 201,000 | ||||
| Accruals and | deferred income | 28,482 | 15,168 | |||
| Other creditors | 368,509 | |||||
| 211)482 | 584,677 |
| 2022 | 2021 |
|---|---|
| 8 | |
| 2,466,543 | 2,646,521 |
| Unrestricted | funds | |||||||
|---|---|---|---|---|---|---|---|---|
| At | At | |||||||
| I | September | 31August | ||||||
| 2021 | Income | Expenditure | Transfers | 2022 | ||||
| f, | 8 | |||||||
| Unrestricted | Fund | 4,325,859 | 285,504 | (290,636) | 330,625 | 4,651,352 | ||
| At | ||||||||
| I | September | At | 31August | |||||
| 2020 | Income | Expenditure | Transfers | 2021 | ||||
| 6 | 8 | |||||||
| Unrestricted | Fund | 2,392,462 | 1,290,507 | (197,843) | 840,733 | 4,325,859 |
| Restricted | funds | |||||||
|---|---|---|---|---|---|---|---|---|
| At | At | |||||||
| 1 September | 31 | August | ||||||
| 2021 | Income | Expenditure | Transfers | 2022 | ||||
| f. | ||||||||
| Supported | Living | 100,824 | (100,824) | |||||
| The Phil Forman Trust | ||||||||
| Fund - Montfort House | 100,000 | 100,000 | ||||||
| Kisharon | Adult Services | 229,801 | (229,801) | |||||
| 329,801 | 100,824 | (330,625) | 100,000 | |||||
| At | ||||||||
| 1 September | At | 31 | August | |||||
| 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 | (840733) | 329801 |
| ANALYSIS OF NET A.SSETS | BETWEEN FU | NDS | |||
|---|---|---|---|---|---|
| Tangible | Current | Current | Long term | ||
| fixed assets | assets | liabilities | liabilities | Total | |
| g | g | g | |||
| Restricted Income Funds: | |||||
| The Phil Forman Trust Fund- | |||||
| Montfort House | 100,000 | 100,000 | |||
| 100,000 | 100,000 | ||||
| Unrestricted Income Funds: |
|||||
| General Funds | 6,968,511 | 360,866 | (211,482) | (2,466,543) | 4,651,352 |
| Total Funds | 7,068,511 | 360,866 | (211,482) | (2,466,543) | 4,751,352 |
| A.NA | LYSIS OF | CHANGES IN NET | DEBT | ||
|---|---|---|---|---|---|
| At | |||||
| At I Sep 2021 | Cash flows | 31Aug 2022 | |||
| Cash | at bank and | in hand | 856,720 | (822,254) | 34,466 |
| Debt | due within | one year | (201,000) | 18,000 | (183,000) |
| Debt | due atter one year | (2,646,521) | 179,978 | (2,466,543) | |
| (1,990,801) | (624,276) | (2,615,077) |