| PAGES | ||
|---|---|---|
| Trustees' annual report |
1to 4 | |
| Independent auditor's |
report to the members | 5to 8 |
| Statement offinancial | activities | |
| Statement offinancial | position | 10 |
| Statement ofcash flows | 11 | |
| Notes to the financial | statements | 12to 19 |
| Reference | and administrative | and administrative | details | |||
|---|---|---|---|---|---|---|
| Registered | charity | name | Gateshead Talmudical |
College | ||
| Charity registration | number | 527414 | ||||
| Principal | office | 88 Windermere | Street | |||
| Gateshead | ||||||
| NE8 IUB | ||||||
| The trustees | Rabbi A Gurwicz | |||||
| Rabbi M Salomon | ||||||
| Rabbi C0Gurwicz | ||||||
| Secretary | Mr S Guttentag | |||||
| Auditor | Cohen Arnold | |||||
| Chartered accountants |
&statutory | auditor | ||||
| New Burlington | House | |||||
| 1075Finchley | Road | |||||
| LONDON | ||||||
| NWI I OPU |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | 8 | ||||||
| Income and endowmenm | |||||||
| Donations and legacies Investment income |
4 5 |
2,635,668 | 2,635,668 | 2,361,968 4,392 |
|||
| Other income | 6 | 1,995 | 1,995 | 6,455 | |||
| Totalincome | 2,637,663 | 2,637,663 | 2,372,815 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofraising donations | and | ||||||
| legacies Expenditure on charitable |
activities | 7 8,9 |
40,209 2,651,380 |
40)209 2,651,380 |
31,742 2,004,532 |
||
| Total expenditure | 2,691,589 | 2,691,589 | 2,036,274 | ||||
| Net (expenditure)/income | (53,926) | (53,9261 | 336,541 | ||||
| Transfers between funds |
198,583 | (198,583) | |||||
| Net movement in funds |
144,657 | (198,583) | (53,926) | 336,541 | |||
| ReconciTiation offunds | |||||||
| Total funds brought forward | 3,152,707 | 198,583 | 3,351,290 | 3,014,749 | |||
| Total funds carried forward | 3,297,364 | 3,297,364 | 3,351,290 |
| 28Februar | y 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | 8 | |||||
| Fixed assets | ||||||
| Tangible fixed assets | 14 | 3479,131 | 3,372,438 | |||
| Current assets |
||||||
| Debtors | 15 | 240,295 | 317,681 | |||
| Cash at bank | and in hand | 167,314 | 58,422 | |||
| 407,609 | 376,103 | |||||
| Creditors: amounts | falling due within one year | 17 | 382,299 | 248,465 | ||
| Net current | assets | 25,310 | 127,638 | |||
| Total assets | less current liabilities | 3,404,441 | 3,500,076 | |||
| Creditors: amounts | falling due after mare than | |||||
| one year | 18 | (107,077) | (148,786) | |||
| Net assets | 3,297,364 | 3,351,290 | ||||
| Funds ofthe | charity | |||||
| Restricted funds | 198,583 | |||||
| Unrestricted | funds | 3,297364 | 3,152,707 | |||
| Total cbarity funds | 20 | 3497,364 | 3,351,290 |
| Year ended 28Februar | y 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Note | f | |||
| Cash flows from operatiag activities | ||||
| Net (expenditure)/income | (53,926) | 336,541 | ||
| Adjustments for: | ||||
| Depreciation oftangible fixed assets | 37,166 | 42,332 | ||
| Dividends, interest and rents from investments |
(4,392) | |||
| Interest payable and similar |
charges | 2,965 | 3,749 | |
| Accrued expenses | 18,300 | 92,800 | ||
| Changes in: | ||||
| Trade and other debtors | 779386 | (146,83I) | ||
| Trade and other creditors | 94,107 | (105,317l | ||
| Cash generated &om operations |
175,998 | 218,882 | ||
| Interest paid | (2,965) | (3,749) | ||
| Net cash &om operating activities |
173,033 | 215,133 | ||
| Cash flows from investing | activities | |||
| Dividends, interest and rents from investments |
4,392 | |||
| Purchase oftangible assets |
(43,859) | (170,772) | ||
| Net cash used in investing | activities | (43,859) | (166,380) | |
| Cash flows from financing | activities | |||
| Proceeds from borrowings | (26,330) | 29,866 | ||
| Net cash (used in)/5 om financing activities |
(26,330) | 29,866 | ||
| Net increase in cash and cash equivalents | 102,844 | 78,619 | ||
| Cash and cash equivalents | at beginning ofyear | (34)894) | (113,513) | |
| Cash and cash equivalents | at end ofyear | 16 | 67,950 | (34,894) |
| period in w Donations |
hich it arises. and legacies |
|||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| Donations | ||||||
| Donations | Received | 2,624,358 | 2,624,358 | 2,342,734 | 2,342,734 | |
| Building Fund Donations | Received | 11,310 | 11,310 | 19,234 | 19,234 | |
| 2,635,668 | 2,635,668 | 2,361,968 | 2,361,968 |
| Ye | ar ended 28 Februar | y 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 5. | Investment | income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2022 | Funds | 2021 | ||||||
| Income trom | investment | properties | 4,392 | 4,392 | |||||
| 6. | Other income | ||||||||
| Unrestricted | Total Funds | Unrestricted | Torsi Funds | ||||||
| Funds | 2022 | Funds | 2021 | ||||||
| Rental Income | 1,995 | 1,995 | 6,455 | 6,455 | |||||
| 7. | Costs ofraisiag donations | and | legacies | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2022 | Funds | 2021 | ||||||
| 5 | |||||||||
| Costs ofraising donations | end legacies | ||||||||
| -Donations | 40209 | 40809 | 31,742 | 31,742 | |||||
| 8. | Expenditure | on charitable | activities by fund type | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2022 | Funds | 2021 | ||||||
| f | |||||||||
| Provision ofreligious | education | and | |||||||
| college facilities Scholarships and grants Support costs |
2,520,257 20,665 110,458 |
2,520/57 20,665 110,458 |
1,918,183 11,393 74,956 |
1,918,183 11,393 74,956 |
|||||
| 2,651,380 | 2,651,380 | 2,004,532 | 2,004,532 | ||||||
| 9. | Expenditure | on charitable | activities by activity type |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | |||||
| directly f |
Support costs f |
2022 | 2021 f |
||||
| Provision ofreligious | education | and | |||||
| college facilities Scholarships and grants |
2,520,257 20,665 |
85/58 | 2,605,515 20,665 |
1,993,139 11,393 |
|||
| Governance | costs | 25/00 | 25,200 | ||||
| 2,540,922 | 110,458 | 2,651,380 | 2,004,532 |
| Net (expenditure)/income | is stated atter charging/(crediting): | is stated atter charging/(crediting): | is stated atter charging/(crediting): | is stated atter charging/(crediting): | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| Depreciation oftangible | fixed assets | 37,166 | 42,332 | |||||||
| 11. | Auditors remuneration |
|||||||||
| 2022 | 2021 | |||||||||
| Fees payable forthe audit | ofthe financial | statements | 6,900 | 6,900 | ||||||
| 12. | Staffcosts | |||||||||
| The total staff costs and | employee benefits | for the reporthrg | period are analysed as follows: |
|||||||
| 2022 | 2021 | |||||||||
| Wages and salaries | 1,199,012 | 1,039,972 | ||||||||
| Social security costs | 103,730 | 103,586 | ||||||||
| Employer contributions |
to | pension plans | 9,134 | 11,641 | ||||||
| 1,311,876 | 1,155,199 | |||||||||
| The average head count | ofemployees | during | the year was 48 (2021:48). | |||||||
| The number ofemployees | whose remuneration | for the year | fell within the | following | bands, | were: | ||||
| 2022 | 2021 | |||||||||
| No. | No. | |||||||||
| f80,000to 689,999 | 1 | 1 |
| Land and | Motor | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| buildings f. |
vehicles | Equipment f |
Total | ||||||
| Cost | |||||||||
| At 1 March 2021 | 3,120,425 | 9,025 | 700,591 | 3,830,041 | |||||
| Additions | 21,711 | 22,148 | 43,859 | ||||||
| At 28February | 2022 | 3,142,136 | 9,025 | 722,739 | 3,873,900 | ||||
| Depreciation | |||||||||
| At 1 March 2021 | 9,025 | 448,578 | 457,603 | ||||||
| Charge for the year | 37,166 | 37,166 | |||||||
| At 28February | 2022 | 9,025 | 485,744 | 494,769 | |||||
| Carrying amount At 28 February 2022 |
3,142,136 | 236,995 | 3,379,131 | ||||||
| At 28 February | 2021 | 3,120,425 | 252,013 | 3,372,438 | |||||
| 15. | Debtors | ||||||||
| 2022f | 2021 | ||||||||
| Prepayments and Other debtors |
accrued income | 110,000 130,295 |
110,000 207,681 |
||||||
| 240,295 | 317,681 | ||||||||
| 16. | Cash aad cash | equivalents | |||||||
| Cash and cash equivalents | comprise the | following: | |||||||
| 2022 | 2021 | ||||||||
| f | |||||||||
| Cash at bank and | in hand | 167,314 | 58,422 | ||||||
| Bank overdraiis | (99,364) | (93,316) | |||||||
| 67,950 | (34,894) | ||||||||
| 17. | Creditors: amounts |
falling due within | one year | ||||||
| 2022 | 2021 | ||||||||
| f | |||||||||
| Bank loans and | overdrafis | 129,864 | 113,316 | ||||||
| Trade creditors | 126,946 | 108,496 | |||||||
| Accruals and deferred |
income | 13,800 | (4,500) | ||||||
| Social security | and other taxes | 111&689 | 44,653 | ||||||
| Other creditors | (13,500) | ||||||||
| 382,299 | 248,465 |
| Credi | tors: amounts falliag due after more than |
one year | |
|---|---|---|---|
| 2022 | 2021 | ||
| 8 | |||
| Bank | loans and overdraits | 102,961 | 139,791 |
| Other | creditors | 4,116 | 8,995 |
| 107,077 | 148,786 |
| Unrestricte | d funds |
|||||
|---|---|---|---|---|---|---|
| At | ||||||
| At | 28 | February | ||||
| 1 March 2021 | Income | Expenditure | Transfers | 2022 | ||
| f. | f | |||||
| General funds | 3,152,707 | 2,637,663 | (2,691,589) | 198,583 | 3,297,364 | |
| At | ||||||
| At | 28 February | |||||
| 1 March 2020 | Income | Expenditure f |
Transfers f |
2021 f. |
||
| General funds | 2,816,166 | 2,372,815 | (2,036,274) | 3,152,707 | ||
| Restricted | funds | |||||
| At | ||||||
| At | 28February | |||||
| I March 2021 | Income | Expenditure | Transfers | 2022 | ||
| f | ||||||
| Restricted | Fund | 198,583 | (198,583) | |||
| At | ||||||
| At | 28 February | |||||
| 1 March 2020 | Income | Expenditure | Transfers | 2021 | ||
| f. | f. | |||||
| Restricted | Fund | 198,583 | 198,583 |
| Analysis ofnet assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| f | |||
| Tangible fixed assets | 3,379,131 | 3,379,131 | |
| Investments | |||
| Current assets | 407,609 | 407,609 | |
| Creditors less than I year | (382,299) | (382,299) | |
| Creditors greater than I year | (107,077) | (107,077) | |
| Net assets | 3,297,364 | 3,297,364 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| f | f. | ||
| Tangible fixed assets | 3,173,855 | 3,173,855 | |
| Investments | 198,583 | 198,583 | |
| Current assets | 376,103 | 376,103 | |
| Creditors less than I year | (248,465) | (248,465) | |
| Creditors greater than I year | (148,786) | (148,786) | |
| Net assets | 3,152,707 | 198,583 | 3,351,290 |
| Analysis ofchanges in net debt | |||
| At | At | ||
| I Mar2021 | Cash flows | 28Feb 2022 | |
| Cash at bank and in hand | 58,422 | 108,892 | 167,314 |
| Bank overdrafts | (93,316) | (6,048) | (99,364) |
| Debt due within one year | (20,000) | (10,500) | (30,500) |
| Debt due after one year | (139,791) | 36,830 | (102,961) |
| (194,685) | 129,174 | (65,511) |