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||||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|
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|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|||||
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|||||||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|
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|||||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|
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||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|2022|2021|
|---|---|
||8|
|2,466,543|2,646,521|
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|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|
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|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|
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|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|
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|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)|
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