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|||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||
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||||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|
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|||||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)|
##
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|||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)|
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||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|
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||||||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|
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|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|
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|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|
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|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|
##
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||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)|
##
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|||||||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)|
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