| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 8 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 21 |
| Detailed Statement ofFinancial Activities | 22 |
| for | the ear |
ended 5A ri120 | 22 | |||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Unrestricted | Endowment | Total | Total | |||||
| funds | fund | funds | funds | |||||
| Notes | ||||||||
| INCOME AND ENDOWMENTS FROM | ||||||||
| Donations and legacies |
33,527 | 33,527 | 23,803 | |||||
| Investment income |
326,031 | 326,031 | 331,806 | |||||
| Total | 359,558 | 359,558 | 355,609 | |||||
| EXPENDITURE ON | ||||||||
| Raising funds | 112,983 | 112,983 | 98,391 | |||||
| Charitable activities |
||||||||
| Relief ofpoverty, advancement | ofeducation | and | ||||||
| furtherance ofreligion | 1,049,959 | 1,049,959 | 398,586 | |||||
| Total | 1,162,942 | 1,162,942 | 496,977 | |||||
| NET INCOME/(EXPENDITURE) | (803,384) | (803,384) | (141,368) | |||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought forward | 5,786,084 | 5,786,084 | 5,927,452 | |||||
| TOTAL FUNDS CARRIED | FORWARD | 4,982,700 | 4,982,700 | 5,786,084 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Investments | |||||
| Investments | 10 | 100 | 100 | 100 | |
| Investment property |
11 | 3,972,000 | 3,972,000 | 3,972,000 | |
| 3,972,100 | 3,972,100 | 3,972,100 | |||
| CURRENT ASSETS | |||||
| Debtors | 12 | 1,274,093 | 1,274,093 | 1,069,803 | |
| Cash at bank | 1,496,772 | 1,496,772 | 2,007,518 | ||
| 2,770,865 | 2,770,865 | 3,077,321 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
13 | (173,421) | (173,421) | (1,220,837) | |
| NET CURRENT ASSETS | 2,597,444 | 2,597,444 | 1,856,484 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 6,569,544 | 6,569,544 | 5,828,584 | ||
| CREDITORS | |||||
| Amounts falling due after more than one year |
14 | (1,586,844) | (1,586,844 ) | (42,500) | |
| NET ASSETS | 4,982,700 | 4,982,700 | 5,786,084 | ||
| FUNDS | 17 | ||||
| Unrestricted funds |
4,982,700 | 5,786,084 | |||
| TOTAL FUNDS | 4,982,700 | 5,786,084 |
| CASH | FLOW STATEMENT | ||||||
|---|---|---|---|---|---|---|---|
| for the | ear ended 5A ri12022 | ||||||
| 2022 | 2021 | ||||||
| Notes | |||||||
| Cash flows from | operating | activities | |||||
| Cash generated from operations |
(939,413) | (494,031) | |||||
| Interest paid | (63,031) | (29,048) | |||||
| Net cash used in operating | activities | (1,002,444 ) | (523,079) | ||||
| Cash flows from | investing | activities | |||||
| Interest received | 68,474 | ||||||
| Net cash provided | by investing | activities | 68,474 | ||||
| Cash flows from | financing | activities | |||||
| New loans in year | 581,250 | 50,000 | |||||
| Loan repayments | in year | (89,552) | 2,066,750 | ||||
| Net cash provided | by financing | activities | 491,698 | 2,116,750 | |||
| Change in cash and cash equivalents | in the | ||||||
| reporting period |
(510,746) | 1,662,145 | |||||
| Cash and cash equivalents | at | the beginning | |||||
| ofthe reporting period |
2,007,518 | 345,373 | |||||
| Cash and cash equivalents | at | the end | ofthe | ||||
| reporting period |
1,496,772 | 2,007,518 |
| RECONCILIATI | ON OF NET E |
XPENDITURE TO NET CASH FLOW F | ROM OPERATING A | CTIVITIES |
|---|---|---|---|---|
| 2022 | 2021 | |||
| Net expenditure | for the reporting | period (as per the Statement of | ||
| Financial Activities) | (803,384) | (141,368) | ||
| Adjustments for: |
||||
| Interest received | (68,474) | |||
| Interest paid | 63,031 | 29,048 | ||
| Increase in debtors | (204,290) | (310,098) | ||
| Increase/(decrease) | in creditors | 5,230 | (3,139) | |
| Net cash used in | operations | (939,413) | (494,031) |
| At 6.4.21 | Cash flow | At 5.4.22 | ||
|---|---|---|---|---|
| Net cash | ||||
| Cash at bank | 2,007,518 | (510,746) | 1,496,772 | |
| 2,007,518 | (510,746) | 1,496,772 | ||
| Debt | ||||
| Debts falling due within | 1 year | (1,094,750) | 1,052,646 | (42,104) |
| Debts falling due after 1 year | (42,500) | (1,544,344 ) | (1,586,844) | |
| (1,137,250 ) | (491,698) | (1,628,948) | ||
| Total | 870,268 | (1,002,444 ) | (132,176) |
| for th | for th | for th | for th | for th | e ear ended 5 |
A ri1202 | 2 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2. | DONATIONS AND LEGACIES |
|||||||||
| 2022 | 2021 | |||||||||
| Donations | 33,527 | 23,803 | ||||||||
| 3. | INVESTMENT INCOME | |||||||||
| 2022 | 2021 | |||||||||
| Rents received | 138,238 | 118,372 | ||||||||
| Syndicate income | 187,793 | 144,960 | ||||||||
| Current asset investment | income | 68,474 | ||||||||
| 326,031 | 331,806 | |||||||||
| 4. | RAISING FUNDS | |||||||||
| Raising donations | and legacies | |||||||||
| 2022 | 2021 | |||||||||
| Property expenditure | 49,952 | 69,343 | ||||||||
| Interest payable and | similar charges | 63,031 | 29,048 | |||||||
| 112,983 | 98,391 | |||||||||
| 5. | CHARITABLE ACTIVITIES | COSTS | ||||||||
| Grant | ||||||||||
| funding of | ||||||||||
| activities | Support | |||||||||
| (see note | costs (see | |||||||||
| 6) | note 7) | Totals | ||||||||
| Relief ofpoverty, | advancement | of | ||||||||
| education and furtherance |
ofreligion | 1,037,839 | 12,120 | 1,049,959 | ||||||
| 6. | GRANTS PAYABLE | |||||||||
| 2022 | 2021 | |||||||||
| Relief ofpoverty, | advancement | ofeducation | and furtherance | ofreligion | 1,037,839 | 381,312 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Acheinu Cancer Support | 24,000 | |||||
| Bonei Olam | 22,000 | |||||
| Chevras Mo'oz Ladol | 137,019 | 8,621 | ||||
| CMA Trust | 10,000 | 10,000 | ||||
| Friends ofYeshiva Luzern | 18,000 | |||||
| Friends ofthe United Institutions | of | Arad | 3,600 | |||
| Keren Ohr | 130,500 | 97,000 | ||||
| Khal Yisroel | 10,000 | |||||
| Kollel Bais Yisroel | 28,984 | |||||
| Kupat Ezer Lenisuin Beis | Yisoel | 17,400 | ||||
| Mars.Org | 43,287 | 36,853 | ||||
| NRST | 9,200 | |||||
| Side By Side Trust | 35,000 | |||||
| The New Rachministrivke | Synagogu | e Trust | 20,500 | |||
| United Talmudical Associstes |
Ltd | 36,700 | ||||
| Yeshiva Chidushei Harim |
57,652 | |||||
| Colel Polen Kupath Ramban | 52,150 | |||||
| British Friends ofKupat Hair | 25,000 | |||||
| Kollel Beis Yisroel D'Chasidei | Gur | 23,108 | ||||
| Kollel Shas Yidden | 152,500 | |||||
| Ohr Vetikvah | 18,958 | |||||
| Support the Charity Worker | 10,000 | |||||
| The Tsechenov Institution | 37,500 | |||||
| Tomchei Torah Vuchesed | 10,850 | |||||
| Yeshiva Daas Sholem Shotz | 10,000 | |||||
| Yeshuos Shabbos | 23,000 | |||||
| Zoreya Tzedokos Ltd | 10,000 | |||||
| Grants less than 610,000 | 106,112 | 176,154 | ||||
| 1,031,236 | 380,412 |
| SUPPORT COSTS | ||||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| Other | costs | Totals | ||||
| Relief ofpoverty, advancement |
ofeducation | |||||
| and furtherance ofreligion |
1,476 | 10,644 | 12,120 | |||
| AUDITORS' REMUNERATION | ||||||
| 2022 | 2021 | |||||
| Fees payable to the charity's | auditors for the audit ofthe charity's | financial | ||||
| statements | 10,644 | 9,600 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertakings | |
| MARKET VALUE | |
| At 6April 2021 and 5 April 2022 | 100 |
| NET BOOK VALUE | |
| At 5 April 2022 | 100 |
| At 5 April 2021 | 100 |
| FAIR VALUE | |
|---|---|
| At 6April 2021 | |
| and 5 April 2022 | 3,972,000 |
| NET BOOK VALUE | |
| At 5 April 2022 | 3,972,000 |
| At 5April 2021 | 3,972,000 |
| 12. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Trade debtors | 12,429 | 7,162 | ||
| Other debtors | 1,261,664 | 1,059,608 | ||
| Prep ayments | 3,033 | |||
| 1,274,093 | 1,069,803 | |||
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| Bank loans and overdrafts | (see note 15) | 42,104 | 1,094,750 | |
| Other creditors | 131,317 | 126,087 | ||
| 173,421 | 1,220,837 | |||
| 14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 2022 | 2021 | |||
| Bank loans (see note 15) | 1,586,844 | 42,500 |
| An analysis o | fthe manuity ofloa | ns is gi | ven below: | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Amounts falling due within one year on |
demand: | ||||||
| Bank loans | 42,104 | 1,094,750 | |||||
| Amounts falling between one and two years: |
|||||||
| Bank loans | 42,104 | 10,000 | |||||
| Amounts falling due between two and five years: |
|||||||
| Bank loans | 1,544,740 | 32,500 | |||||
| 16. | SECURED DEBTS | ||||||
| The following | secured debts are included | within creditors: | |||||
| 2022 | 2021 | ||||||
| Bank loans | 1,628,948 | 1,087,250 | |||||
| The loans are | secured on certain ofthe charity's properties. | ||||||
| 17. | MOVEMENT IN FUNDS | ||||||
| Net | |||||||
| movement | At | ||||||
| At 6.4.21 | in funds | 5.4.22 | |||||
| Unrestricted | funds | ||||||
| General fund | 5,786,084 | (803,384) | 4,982,700 | ||||
| TOTAL FUNDS | 5,786,084 | (803,384) | 4,982,700 | ||||
| Net movement | in funds, included | in the | above are as follows: | ||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted | funds | ||||||
| General fund | 359,558 | (1,162,942) | (803,384) | ||||
| TOTALFUNDS | 359,558 | (1,162,942) | (803,384) |
| Net | |||||||
|---|---|---|---|---|---|---|---|
| movement | At | ||||||
| At 6.4.20 | in funds | 5.4.21 | |||||
| Unrestricted | funds | ||||||
| General fund | 5,927,452 | (141,368) | 5,786,084 | ||||
| TOTAL FUNDS | 5,927,452 | (141,368) | 5,786,084 | ||||
| Comparative | net movement | in funds, included | in the above | are as follows: | |||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted | funds | ||||||
| General fund | 355,609 | (496,977) | (141,368) | ||||
| TOTALFUNDS | 355,609 | (496,977) | (141,368) | ||||
| A current year 12months | and prior year 12months combined position is as follows: | ||||||
| Net | |||||||
| movement | At | ||||||
| At 6.4.20 | in funds | 5.4.22 | |||||
| Unrestricted | funds | ||||||
| General fund | 5,927,452 | (944,752) | 4,982,700 | ||||
| TOTAL FUNDS | 5,927,452 | (944,752) | 4,982,700 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 715,167 | (1,659,919) | (944,752) | |
| TOTAL FUNDS | 715,167 | (1,659,919) | (944,752) |