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|||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|
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|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||||
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||||||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|
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|||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|
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||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)|
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|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|
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||||||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|
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||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|
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||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|
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|||||||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|
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|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|
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|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|
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|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)|
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