| PAGE | |||||
|---|---|---|---|---|---|
| Trustees' | annual report | (incorporating | the director's report) | ||
| Independent auditor's |
report to the members | ||||
| Statement | offinancial | activities (including | income and expenditure | ||
| account) | |||||
| Statement | offinancial | position | 12 | ||
| Statement | ofcash flows | 13 | |||
| Notes to | the financial | statements | 14 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | |||||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 18,940,499 | 18,940,499 | 18,690,102 | |||
| Charitable activities |
6 | 408,047 | (408,047) | ||||
| Investment income |
7 | 300 | 300 | 14 | |||
| Total income | 408,347 | 18,532,452 | 18,940,799 | 18,690,116 | |||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 8,9 | (344,844) | (19,166,545) | (19,511489) | (18,023,084) | |
| Total expenditure | (344,844) | (19,166,545) | (19,511889) | (18,023,084) | |||
| Net (expenditure)/income | and net | ||||||
| movement in funds |
63,503 | (634,093) | (570,590) | 667,032 | |||
| Reconciliation offunds | |||||||
| Total funds brought | forward | 541,145 | 1,859,380 | 2,400,525 | 1,733,493 | ||
| Total funds carried | forward | 604,648 | 1,225,287 | 1,829,935 | 2,400,525 |
| 31MARCH | 31MARCH | 2023 | |||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| ,iiote | f. | f | |||||
| CLtRRKNT ASSETS | |||||||
| Debtors | 15 | 8,584 | 8,628 | ||||
| Cash at bank and in hand | 1,840,351 | 2,410)397 | |||||
| 1,848,935 | 2,419,025 | ||||||
| CREDITORS: amounts | faBing due | ||||||
| within one year | 16 | (19,000) | (18,500) | ||||
| lstKT CURRENT ASSETS | 1,829/35 | 2,400,525 | |||||
| TOTAL ASSETSLESS | CI.RRENT | ||||||
| LIABILITIES | 1,829,935 | 2,400,525 | |||||
| NET ASSKTS | 1,$29,935 | 2,400,525 | |||||
| FUNDS OFTHK CHARITY | |||||||
| Restricted funds | 1/25,287 | 1,859,380 | |||||
| Unrestricted funds |
604,648 | 541.145 | |||||
| Total chtndty funds | 17 | 1,829,935 | 2,400,525 |
| Y | EARENDED 31MARCH 2023 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net (expenditure)/income | (570,590) | 667,032 | ||
| Adj ttstmenrs for: | ||||
| Other interest receivable | and similar income | (300) | (14) | |
| Interest payable and similar charges | 5,230 | 4,045 | ||
| Accrued expenses | 500 | 260 | ||
| Changesin: | ||||
| Trade and other debtors | 44 | 25,550 | ||
| Cash generated from operations | (565,116) | 696,873 | ||
| Interest paid | (5,230) | (4,045) | ||
| Interest received | 300 | 14 | ||
| Net cash (used in)/from | operating | activities | (570,046) | 692,842 |
| NET (DECREASE)/INCREASE | IN CASH AND CASH | |||
| EQUIVALENTS | (570,046) | 692,842 | ||
| CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR | 2,410,397 | 1,717,555 | ||
| CASH AND CASH EQUIVALENTS AT END OFYEAR | 1,840,351 | 2,410,397 |
| DONATIONS AND |
LEGACIES | ||||
|---|---|---|---|---|---|
| Restricted | Total Funds | Restricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| DONATIONS | |||||
| Donations received | 17,679,579 | 17,679,579 | 17,329,321 | 17,329,321 | |
| Gift Aid received net | 1,008,736 | 1,008,736 | 1,088,625 | 1,088,625 | |
| Taxation recoverable | on Donations | 252,184 | 252,184 | 272,156 | 272,156 |
| 18,940,499 | 18,940,499 | 18,690,102 | 18,690,102 |
| 6. | CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| Commission | 408,047 | (408,047) | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| Commission | 414,963 | (414,963) | |||
| 7. | INVESTMENT INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| Bank interest receivable | 300 | 300 | 14 | 14 | |
| 8. | EXPENDITURE ON CHARITABLE | ACTIVITIES BYFUND TYPE | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| Grants and Donations | 242,017 | 19,166,545 | 19,408,562 | ||
| Support costs | 102,827 | 102,827 | |||
| 344,844 | 19,166,545 | 19,511,389 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| Grants and Donations | 393,066 | 17,543,912 | 17,936,978 | ||
| Support costs | 86,106 | 86,106 | |||
| 479,172 | 17,543,912 | 18,023,084 |
| 9. | EKPENDITURE ON | CHA | RITABLE | ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|---|---|
| Grant funding | Total funds | Total fund | |||||
| ofactivities | Support costs | 2023 | 2022 | ||||
| f. | |||||||
| Grants and Donations | 19,408,562 | 78,257 | 19,486,819 | 18,000,539 | |||
| Governance costs |
24,570 | 24,570 | 22,545 | ||||
| 19,408,562 | 102,827 | 19,511489 | 18,023,084 | ||||
| 10. | ANALYSIS OF SUPPORT | COSTS | |||||
| Unrestricted | |||||||
| Funds | Total 2023 | Total 2022 | |||||
| Communications and IT |
33,443 | 33,443 | 19,592 | ||||
| Governance costs |
36,433 | 36,433 | 22,545 | ||||
| Printage postage and stationery | 8,180 | 8,180 | 34,768 | ||||
| Office Management costs |
201 | 201 | 9,000 | ||||
| Legal and professional | fees | 24,570 | 24,570 | 201 | |||
| 102,827 | 102,827 | 86,106 | |||||
| 11. | ANALYSIS OF GRANTS | ||||||
| 2023 | 2022 | ||||||
| GRANTS TO INSTITUTIONS | |||||||
| Advancement ofHealth |
11,549 | 11,322 | |||||
| Grants to other grant making | charities | 2,711,533 | 2,233,454 | ||||
| Education and Training |
10,854,687 | 10,690,874 | |||||
| Relief ofPoverty | 5,052,937 | 4,260,372 | |||||
| Religious activities | 503,399 | 436,399 | |||||
| 19,134,105 | 17,632,421 | ||||||
| GRANTS TO INDIVIDUALS | |||||||
| Relief ofPoverty | 274,457 | 304,557 | |||||
| Total grants | 19,408,562 | 17,936,978 | |||||
| Grants aud donations | paid | ||||||
| Charity | |||||||
| Keren Ezra Mimitzar | 2,027,950 | ||||||
| Cong Ohel Torah | 1,956,693 | ||||||
| Yeshivas Match Aharon | 704,782 | ||||||
| Ohel Torah (Food) | 632,608 | ||||||
| Beis Aidel Bnos Chai Pesel | 616,449 | ||||||
| Amud Hatzdokoh Trust |
505,367 | ||||||
| Darchi Tzedek Porisob | 422,005 |
| ANALYSIS OFGR | ANTS (condoned) |
ANTS (condoned) |
ANTS (condoned) |
|
|---|---|---|---|---|
| Mesifia Talmudical | College | 75,995 | ||
| Tchabe Kollel | 75,365 | |||
| Satmar Kolel | 72,790 | |||
| Kehilas Beis Yakov | Simshon Beis Shemes | 71,500 | ||
| Yeshuos Shabbos | 71,058 | |||
| Yishaya Adler Memorial | Fund | 70,336 | ||
| Kollel Satmar | 70,286 | |||
| Yesamach Levav | 62,015 | |||
| Chareidim Beis Shymesh |
59,670 | |||
| Mosdos Toldos Aharon | 57,616 | |||
| Bais Rachel School | vzw | 54,496 | ||
| The Z.S.V.Trust | 54,366 | |||
| Cong Sharei Sholom | 53,127 | |||
| Grants and Donations | less than f50,000 | 3,881,278 | ||
| 19,408,562 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Fees | payable | for | the | audit | ofthe | financial | statements | 19,000 | 18,500 |
| 15. | No remuneration or othe received by the trustees. DEBTORS |
r benefits from em |
ployment with the |
charity or a related |
entity were |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Other debtors | 8,584 | 8,628 | |||
| 16, | CREDITORS: amounts | falling due within | one year | ||
| 2023 | 2022 | ||||
| Accruals and deferred income | 19,000 | 18,500 |
| At | At | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 Apr 2022 | Income | Expenditure | 31Mar 2023 | ||||||
| f | |||||||||
| Unrestricted | Funds | 541,145 | 408,347 | (344,844) | 604,648 | ||||
| At | At | ||||||||
| 1 Apr 2021 | Income | Expenditure | 31Mar 2022 | ||||||
| 4 | f, | ||||||||
| Unrestricted | Funds | 605,340 | 414,977 | (479,172) | 541,145 | ||||
| Restricted | funds | ||||||||
| At | At | ||||||||
| 1 Apr 2022 | Income | Expenditure | 31Mar 2023 | ||||||
| 1: | |||||||||
| Restricted Funds | 1,859,380 | 18,532,452 | (19,166,545) | 1,225,287 | |||||
| At | At | ||||||||
| 1 Apr 2021 t |
Income | Expenditure | 31 Mar 2022 | ||||||
| Restricted Funds | 1,128,153 | 18,275,139 | (17,543,912) | 1,859,380 | |||||
| ANALYSIS | OFNET ASSETSBETWEEN | FUNDS | |||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2023 | |||||||
| Current | assets | 623,648 | 1,225,287 | 1,848,935 | |||||
| Creditors | less than | 1 year | (19,000) | (19,000) | |||||
| Net assets | 604,648 | 1,225,287 | 1,829,935 | ||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2022 | |||||||
| f | |||||||||
| Current | assets | 559,645 | 1,859,380 | 2,419,025 | |||||
| Creditors | less than | 1 year | (18,500) | (18,500) | |||||
| Net assets | 541,145 | 1,859,380 | 2,400,525 |
| The carrying | The carrying | amount for each | amount for each | category offinancial | category offinancial | category offinancial | instrument | instrument | is as follows: | is as follows: | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||||
| Financial | assets that are debt instruments | measured | at amortised | cost | |||||||||
| Financial | assets that | are debt instruments | measured | at | smortised | ||||||||
| cost | 1,848,935 | 2,419,025 | |||||||||||
| Financial | liabilities | measured | at amortised | cost | |||||||||
| Financial | liabilities | measured | at amortised | cost | 19,000 | 18,500 | |||||||
| ANALYSIS | OF CHANGES | IN NET DEBT | |||||||||||
| At | |||||||||||||
| At 1 Apr | 2022 | Cash | flows | 31Mar | 2023 | ||||||||
| s | |||||||||||||
| Cash at bank | and in | hand | 2,410,397 | (570,046) | 1,840,351 |