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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|||
|Notes to the financial|statements|12to 19|
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|Reference|and adm|inistrative|details|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||||
|Audior|||Cohen Arnold||||
||||Chartered
accountants||dc statutory|auditor|
||||New Burlington|House|||
||||1075Finchley|Road|||
||||LONDON||||
||||NW11 OPU||||
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||||Year ended|28 Februar|y 2023|y 2023||
|---|---|---|---|---|---|---|---|
||||||2023||2022|
||||||Unrestricted|||
||||||funds|Total funds|Total funds|
|||||Note||||
|Income and endowments||||||||
|Donations
and legacies||||4|3,068,202|3,068,202|2,635,668|
|Other income||||5|2,114|2,114|1,995|
|Total income|||||3,070,316|3,070,316|2,637,663|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Costs ofraising|donations||and legacies|6|28,984|28,984|40,209|
|Expenditure
on charitable||activities||7,8|3,035,779|3,035,779|2,651,380|
|Total expenditure|||||3,064,763|3,064,763|2,691,589|
|Net income/(expenditure)||and|net movement|in funds|5,553|5,553|(53,926)|
|Reconciliation offunds||||||||
|Total funds brought|forward||||3,297,364|3,297)364|3,351,290|
|Total funds carried|forward||||3,302,917|3,302,917|3,297,364|
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||28Februar|y
2023||||
|---|---|---|---|---|---|
||||2023||2022|
|||Note||||
|Fixed assets
Tangible fixed assets||13||3,427,240|3,379,131|
|Current assets
Debtors
Cash at bank and in hand||14|201242
114,403||240,295
167,314|
||||315,645||407,609|
|Creditors: amounts|falling due within one year|16|362,121||382,299|
|Net current liabihties||||(46,476)|25,310|
|Total assets less current liabiTities||||3,380,764|3,404,441|
|Creditors: amounts
one year|falling due after more than|17||(77,847)|(107,077)|
|Net assets||||3,302,917|3,297,364|
|Funds ofthe charity
Unrestricted
funds||||3,302,917|3,297,364|
|Total charity funds||19||3,302,917|3,297,364|
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||Year ended 28 February|2023|||
|---|---|---|---|---|
||||2023|2022|
|||Note|||
|Cash flows from operating|activities||||
|Net income/(expenditure)|||5,553|(53,926)|
|Adjustments for:|||||
|Depreciation oftangible fixed assets|||46,641|37,166|
|Interest payable and similar|charges||3,421|2,965|
|Accrued expenses|||119,825|18,300|
|Changesin:|||||
|Trade and other debtors|||(55,947)|77,386|
|Trade and other creditors|||(33,260)|94,107|
|Cash generated
from operations|||86,233|175,998|
|Interest paid|||(3,421)|(2,965)|
|Net cash from operating
activities|||82,812|173,033|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(94,750)|(43,859)|
|Net cash used in investing
activities|||(94,750)|(43,859)|
|Cash flows from financing|activities||||
|Proceeds from borrowings|||(29,230)|(26,330)|
|Net cash used in financing|activities||(29830)|(26,330)|
|Net (decrease)/increase
in|cash and cash equivalents||(41,168)|102,844|
|Cash and cash equivalents|at beginning ofyear||67,950|(34,894)|
|Cash and cash equivalents|at end ofyear|15|26,782|67,950|
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|period in
Donations|which it arises.
and legacies|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2023|Funds|2022|
|Donations||||||
|Donations|Received|2,818,652|2,818,652|2,624,358|2,624,358|
|Building Fund Donations Received||10,430|10,430|11,310|11,310|
|Legacies||||||
|Legacies||239,120|239,120|||
|||3,068,202|3,068,202|2,635,668|2,635,668|
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|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|2023|Funds|2022|
||Rental Income|||||2,114|2,114|1,995|1,995|
|6.|Costs ofraising donations||||and|legacies||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
||Costs ofraising donations|||and legacies||||||
||- Donations|||||28,984|28,984|40,209|40,209|
|7.|Expenditure|on charitable|||activities by fund type|||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2023|Funds|2022|
||||||||K|||
||Provision of|religious|education|||and||||
||college facilities|||||2,864,791|2,864,791|2,520,257|2,520,257|
||Scholarships|and grants||||41,114|41,114|20,665|20,665|
||Support costs|||||129,874|129,874|110,458|110,458|
|||||||3,035,779|3,035,779|2,651,380|2,651,380|
|8.|Expenditure|on charitable|||activities by activity type|||||
|||||||Activities||||
|||||||undertaken||Total funds|Total fund|
|||||||directly
f,|Support costs|2023
f|2022|
||Provision ofreligious||education|||and||||
||college facilities|||||2,864,791|122,974|2,987,765|2,605,515|
||Scholarships|and grants||||41,114||41,114|20,665|
||Governance|costs|||||6,900|6,900|25,200|
|||||||2,905,905|129,874|3,035,779|2,651,380|
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|Net income/(expenditure)
is stated aller c|harging/(crediting):|||
|---|---|---|---|
|||2023|2022|
|Depreciation oftangible fixed assets||46,641|37,166|
|Auditors
remuneration||||
|||2023|2022|
|||8||
|Fees payable for the audit ofthe financial|statements|6,900|6,900|
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|Staffcosts||||
|---|---|---|---|
|The total staff costs and|employee benefits for the reporting|period are anslysed
as|follows:|
|||2023|2022|
|Wages and salaries||1,310,181|1,199,012|
|Social security costs||128,579|103,730|
|Employer
contributions|to pension plans|11,924|9,134|
|||1,450,684|1,311,876|
|The average head count ofemployees|The average head count ofemployees|during|the year was 51 (2022:48).|||
|---|---|---|---|---|---|
|The number ofemployees|whose remuneration||for the year fell within the|following|bands, were:|
|||||2023|2022|
|||||No.|No.|
|660,000to f69,999||||5||
|$80,000to f89,999||||1||
|||||6||