**CHARITY REGISTRATION NUMBER: 1004327**
## **The Beth Hamedrash Satmar Trust Unaudited Financial Statements**
**31 March 2023**
## **COHEN ARNOLD**
Chartered accountants New Burlington House 1075 Finchley Road London NW11 0PU
## **The Beth Hamedrash Satmar Trust**
## **Financial Statements**
## **Year ended 31 March 2023**
||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**5**|
|Statement of financial activities|**6**|
|Statement of financial position|**7**|
|Statement of cash flows|**8**|
|Notes to the financial statements|**9**|
**The Beth Hamedrash Satmar Trust Trustees' Annual Report**
**Year ended 31 March 2023**
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
**Reference and administrative details**
**Registered charity name** The Beth Hamedrash Satmar Trust **Charity registration number** 1004327 **Principal office** New Burlington House 1075 Finchley Road NW11 OPU
**The trustees** Mr S. Laufer Mr J. Sternlicht **Company secretary** Solomon Laufer **Independent examiner** Moshe Broner-Cohen New Burlington House 1075 Finchley Road London NW11 0PU
**- 1 -**
**The Beth Hamedrash Satmar Trust**
**Year ended 31 March 2023**
**Trustees' Annual Report** _**(continued)**_
## **Structure,governance and management**
## **Governing document**
The organisation is governed by a Trust Deed dated 8 February 1989.
## **Appointment, Training and Recruitment of Trustees**
The organisation is run by the trustees who all act in an honorary capacity.
New trustees are appointed, when needed, on the basis of personal competence, specialist skills, local availability and their ability to promote the charitable activities of any institution professing and teaching the principles of traditional Judaism and the advancement of the religion in accordance with the Jewish faith. New trustees are inducted into the workings of the charity by the current trustees.
None of the trustees have any beneficial interest in the charity.
## **Risk management**
The trustees have identified and reviewed the major risks to which the Trust is exposed, in particular those related to the operations and finance of the Trust, and are satisfied that systems are in place to mitigate those risks.
## **Financial risk management and policies**
The charity holds or issues financial instruments in order to achieve two main objectives being:
a) to finance its operations
b) to generate funds.
In addition various financial instruments (e.g. other debtors, other creditors, accruals and prepayments) arise directly from the charity's operations.
## **Credit risk**
The charity monitors credit risk closely and considers that its current policies of credit risk checks meets its objectives of managing exposure to credit risk.
Amounts shown in the balance sheet represent the maximum credit exposure in the event other parties fail to perform their obligations under the financial instruments.
It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
**- 2 -**
**The Beth Hamedrash Satmar Trust**
**Year ended 31 March 2023**
**Trustees' Annual Report** _**(continued)**_
## **Objectives, aims and activities for the benefit of the public**
## **Objects**
The charity was established for the purpose of promoting the Orthodox Jewish Religion in general and in particular by maintaining and managing the Satmar Synagogue at 86 Cazenove Road in London, and providing facilities for public religious worship and such other services and activities incidental thereto.
## **Aims and objectives**
The charity's other aims and objectives are:
a) Relief of poverty
b) Advancement of education amongst persons who in the uncontrolled opinion of the trustees are of the Jewish faith
c) the study of the Torah
## **Aims, Objectives and activities for public benefit**
The trustees confirm that they have referred to the guidance contained in the Charity's Commission's general guidance on public benefit when reviewing the charity's aim and objectives and in planning future activities and setting the grant making policy for the year.
As mentioned above this charity was set up to maintain and manage the synagogue in Cazenove Road in London known as The Beth Hamedrash Satmar. This includes providing facilities for public worship and Torah study and other services, amenities and activities incidental thereto. The charity also provides grants for students who engage in Torah study in the Synagogue.
In addition the charity makes grants and donations to other charitable organisations and needy individuals in the community and in doing so, the charity has complied with its duty to act for public benefit in accordance with section 4 of the Charities Act 2011.
## **Achievements and performance**
During the year the charity continued its activities and maintained its support of religious educational and other charitable institutions in Great Britain.
## **Financial review**
The charity is solely dependent upon donations from the community and other charitable organisations. Donations received during the year were lower than in the previous year. As a result the charitable expenditure has decreased from £416,320 to £391,641 as per note 5.
## **Related party transactions**
During the year the charity received donations totalling £62,250 (2022: £57,900) from charities where the trustees Mr. J Sternlicht and Mr. S Laufer are also trustees. This year, £12,300 (2022: £20,000) was received from companies and charities connected with the family members of the trustees.
**- 3 -**
The Both Hamedrash Satmar Trust
Trustees, Annual Rep0rt(¢•Jfftll*Aj
Year ended 31 March 2023
IDvestment powers and policy
In accordance with th¢ trust deed. the chaTity has the power to make pY inveslmen( whi¢h the
Irust¢¢s se¢ fLt. The tTUStees Tegularly view the charity's position and needs in respect of the
inv¢stm¢nt poli¢y.
Grgllt making poli¢y
Grants are Ite to individuals engaged in Torah study in th¢ Synagogu¢ needy individuals in the
community, and to charilable OTganisations conforniing lo the objecls of the charity, after the trust¢¢s
have satisfied themselves as to the bona fides of the r¢¢ipients.
Reserves poli¢y
It is the poli¢y of the charity to maintain unrestricted funds, which are the free reseryes of the ¢harily.
at a level which the trustees think appropriate after Considering the tUre commitrnent$ of the charity
and th¢ lik¢ly administrative costs of the charity for the next year. The l¢vel of unrestricted reserves
as at 31$t Mar¢h 2023 was £864,905 (2022- £1,002.324).
Plans for future periods
Th¢ ¢harity plans continuing the activities outlined above in the forthcoming years subje¢l to
satisfactory incoming resources.
Flxed assets
The Synagogue is le&sed to the charity by The Congregaiion of Yetev Lev and Wiseheights Limit¢d,
whilst the Mikveh is leased io ihe chaTiiy by Wiseheights Limited a charity regulated in England and
Wales. All buildtngs are le&sed for 10 years and all additions and refurbishment costs are capitalised
and depreciated according to the life of the lease. Some of ihe truslees of this charity are also trustees
of The Congregation of Yetev Lev and Wis¢h¢ights Limited.
Re5PDnSibilities of tht trustees
The charitys tteeS are responsible for th¢ preparing of the Trustees Annu81 Rewrt and the
finaThcial statements in accordance wilh applicable law and regulations.
IndependeDt e5*miner
Moshe Broner-cohen ICAEW has been r¢-appointed as independent examiner for th¢ ensuing year.
The Irustees, annual report was approved on 25 January 2024 and signed on behalf of the board of
trustees by..
Mts.
Trustee
au
The Beth Ham¢drash Sv4tmar Trust
Independent Ex2miner'5 Report to the Trustees of The Beth Hamedrasb Satmar Trust
Year ended 31 MArch 2023
I report to the trustees on my examination of the financial statements of Th¢ Beth HAmedh Satmar
Trust ('the charityy for the year ended 31 M&rch 2023.
Respe¢tive responsibilities of truslees and ¢xamlner
As the trUSte¢s of the Charity you are responsible for the preparation of th¢ financial statements in
accordance with the requirements of th¢ Charities A¢t 2011 {'the Act,).
I r¢port in respect of my examination of the charity's financial statements Caled oul under section
145 of the 2011 Act and in carrying out my examination I have followed all the applieable Direotions
given by the Charity ComTnission under section 145(5)(b) of the Act.
Independent exAminer's st4temeD¢
Since th¢ charity's Bross income exceeded £250,000 your examiner must b¢ A member of a body
listed in section 145 of the 2011 Act. J Confirn) that l am qualified to undertake the examination
because l Am a member of the Institute of Chartera Aecounlants in En8land and Wales (ICAEW).
which is one of th¢ listed bodies,
The charity's gross income exc¢eded £250,000 and l am qualified to undertake the examination by
being a qualified member of the InstitLltc of Chartered Accountants in England and wales.
I have completed my examin8tion. l Confirm that no material matters have come to my attention in
conn¢ction will) the examination giving me cause to believe that in any material respect-.
accounting r¢¢ords were not kept in respect of the charity as required by section 130 of the Act, or
2. the financial statements do not arcord with those records. or
3. the financial ststements do not comply with the applicable requirements conc¢rning the fonn and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an
independent ¢xamination.
I have iio concems and have com¢ across no other matt¢rs in connection wilh the ¢x8mination to
which attention should be drawi in this report in order to enable a proper understanding of the
accounts ¢0 be reached
25 January 2024
Date
Moshe Broner-cohen
Independent Ex&min¢r
New Burlirtgton House
1075 Finchley Road
London
NWI I OPU
## **The Beth Hamedrash Satmar Trust**
## **Statement of Financial Activities**
## **Year ended 31 March 2023**
|||**2023**|**2023**|2022|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**4**|254,222|254,222|309,561|
|||``|``|``|
|**Total income**||254,222|254,222|309,561|
|||``|``|``|
|**Expenditure**|||||
|Expenditure on charitable activities|**5,6**|(391,641)|(391,641)|(416,320)|
|||``|``|``|
|**Total expenditure**||(391,641)|(391,641)|(416,320)|
|||``|``|``|
|||``|``|``|
|**Net expenditure and net movement in funds**||(137,419)|(137,419)|(106,759)|
|||``|``|``|
|**Reconciliation of funds**|||||
|Total funds brought forward||1,002,324|1,002,324|1,109,083|
|||``|``|``|
|**Total funds carried forward**||864,905|864,905|1,002,324|
|||``|``|``|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 9 to 15 form part of these financial statements.**
**- 6 -**
The Beth Hamedrash Satmar Trnst
Statement of FiDgn¢ial Position
31 March 2023
2023
2022
Note
Fixed assets
Tangible fixed assels
Current 8ssets
Cash at bank and in hand
13
875.278
973,643
61,427
160,408
Creditory: amounts f&lllng dut wlthln olle year
Net eurrellt liabilities
14
(71,8(rt)) (131,727)
(10,373)
28,681
864,905
1,002,324
1,002.324
Total *$sets less current liabiiiti¢s
Net assets
864.905
Funds of the charity
Unrestricted funds
864,905
864,905
1,002,324
1,002,324
To¢al £barity
15
These financial state
January 2024. and ar
ts were approved by the buard of trustees and authorised for issue on 25
ign¢d on behalf of the board by:
TTUStee
'rbe Rot¢8 Y to IS form part of thtje fin*n¢ial Jl*ttTh¢n¢&
## **The Beth Hamedrash Satmar Trust**
## **Statement of Cash Flows**
## **Year ended 31 March 2023**
||**2023**|2022|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net expenditure|(137,419)|(106,759)|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|145,237|217,669|
|Accrued (income)/expenses|(10,320)|3,120|
|_Changes in:_|||
|Trade and other debtors|–|5,312|
|Trade and other creditors|(49,607)|116,607|
||``|``|
|Cash generated from operations|(52,109)|235,949|
||``|``|
|Net cash (used in)/from operating activities|(52,109)|235,949|
||``|``|
|**Cash flows from investing activities**|||
|Purchase of tangible assets|(46,872)|(155,821)|
||``|``|
|Net cash used in investing activities|(46,872)|(155,821)|
||``|``|
|**Net (decrease)/increase in cash and cash equivalents**|(98,981)|80,128|
|**Cash and cash equivalents at beginning of year**|160,408|80,280|
||``|``|
|**Cash and cash equivalents at end of year**|61,427|160,408|
||``|``|
**The notes on pages 9 to 15 form part of these financial statements.**
**- 8 -**
**The Beth Hamedrash Satmar Trust**
## **Notes to the Financial Statements**
## **Year ended 31 March 2023**
## **1. General information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is New Burlington House, 1075 Finchley Road, London, NW11 OPU.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
The financial statements have been prepared on the going concern basis notwithstanding the charity's net current liabilities. The trustees consider this to be appropriate given the continued support of the charity's creditors. As such the trustees believe it is appropriate to prepare the financial statements on a going concern basis because the charity is in a position to meet all of its obligations for the foreseeable future.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Besides those mentioned below, there are no judgements, estimates and assumptions that affected the amounts reported in the year.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
**- 9 -**
**The Beth Hamedrash Satmar Trust**
**Notes to the Financial Statements** _**(continued)**_
**Year ended 31 March 2023**
## **3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
**- 10 -**
**The Beth Hamedrash Satmar Trust**
**Notes to the Financial Statements** _**(continued)**_
**Year ended 31 March 2023**
## **3. Accounting policies** _**(continued)**_
## **Tangible assets** _**(continued)**_
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - 10% straight line Equipment - 25% reducing balance
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
**- 11 -**
**Notes to the Financial Statements** _**(continued)**_
## **The Beth Hamedrash Satmar Trust**
## **Year ended 31 March 2023**
## **4. Donations and legacies**
|**Donations and legacies**|||||
|---|---|---|---|---|
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|**Donations**|||||
|General donations|119,878|119,878|77,821|77,821|
|Charitable organisations|134,344|134,344|231,740|231,740|
||``|``|``|``|
||254,222|254,222|309,561|309,561|
||``|``|``|``|
|General donations|||||
## **5. Expenditure on charitable activities by fund type**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|Charitable Activity|241,168|241,168|190,064|190,064|
|Support costs|150,473|150,473|226,256|226,256|
||``|``|``|``|
||391,641|391,641|416,320|416,320|
||``|``|``|``|
## **6. Expenditure on charitable activities by activity type**
||Activities|||||
|---|---|---|---|---|---|
||undertaken|Grant funding||**Total funds**|Total fund|
||directly|of activities Support costs||**2023**|2022|
||£|£|£|**£**|£|
|Charitable Activity|234,468|6,700|150,473|391,641|416,320|
||``|``|``|``|``|
|**Charitable activities undertaken directly during the**|||**year were as**|**follows:**||
|||||2023|2022|
|||||**£**|£|
|Provision of amenities||||17,590|53,336|
|Maintenance of Synagogue|building and ritual objects|||215,878|102,756|
|Student Grants||||1,000|23,870|
|||||``|``|
|||||234,468|179,962|
|||||``|``|
## **7. Analysis of support costs**
||||Bank & credit|||
|---|---|---|---|---|---|
||Depreciation|Audit fees|charges|**Total 2023**|Total 2022|
||£|£|£|**£**|£|
|Support costs|145,237|5,040|196|150,473|226,256|
||``|``|``|``|``|
**- 12 -**
**The Beth Hamedrash Satmar Trust**
**Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 March 2023**
## **8. Analysis of grants**
|**8.**|**Analysis of grants**|||
|---|---|---|---|
|||**2023**|2022|
|||**£**|£|
||**Grants to institutions**|||
||Ben Amram Charitable Trust|–|6,500|
||KYL Central Shul Trust|6,700|–|
||Grants < £2,000|–|3,602|
|||``|``|
|||6,700|10,102|
|||``|``|
||Total grants|6,700|10,102|
|||``|``|
|**9.**|**Net expenditure**|||
||Net expenditure is stated after charging/(crediting):|||
|||**2023**|2022|
|||**£**|£|
||Depreciation of tangible fixed assets|145,237|217,669|
|||``|``|
|**10.**|**Independent examination fees**|||
|||**2023**|2022|
|||**£**|£|
||Fees payable to the independent examiner for:|||
||Independent examination of the financial statements|4,800
``|4,560
``|
## **11. Staff costs**
The average head count of employees during the year was Nil (2022: Nil). No employee received employee benefits of more than £60,000 during the year (2022: Nil).
The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.
## **12. Trustee remuneration and expenses**
No remuneration or other benefits from employment with the charity or a related entity were received by either of the two trustees.
**- 13 -**
**Notes to the Financial Statements** _**(continued)**_
## **The Beth Hamedrash Satmar Trust**
## **Year ended 31 March 2023**
## **13. Tangible fixed assets**
|**13.**|**Tangible fixed assets**||||
|---|---|---|---|---|
|||Short|||
|||leasehold|||
|||property|Equipment|**Total**|
|||£|£|**£**|
||**Cost**||||
||At 1 April 2022|1,406,683|14,483|1,421,166|
||Additions|46,872|–|46,872|
|||``|``|``|
||**At 31 March 2023**|1,453,555|14,483|1,468,038|
|||``|``|``|
||**Depreciation**||||
||At 1 April 2022|434,563|12,960|447,523|
||Charge for the year|144,856|381|145,237|
|||``|``|``|
||**At 31 March 2023**|579,419|13,341|592,760|
|||``|``|``|
||**Carrying amount**||||
||**At 31 March 2023**|874,136|1,142|875,278|
|||``|``|``|
||At 31 March 2022|972,120|1,523|973,643|
|||``|``|``|
|**14.**|**Creditors:** **amounts falling due within one year**||||
||||**2023**|2022|
||||**£**|£|
||Accruals and deferred income||4,800|15,120|
||Other creditors||67,000|116,607|
||||``|``|
||||71,800|131,727|
||||``|``|
## **15. Analysis of charitable funds**
## **Unrestricted funds**
|||At|||**At**|
|---|---|---|---|---|---|
||1|April 2022|Income|Expenditure|**31 March 2023**|
|||£|£|£|£|
|General funds||1,002,324|254,222|(391,641)|864,905|
|||``|``|``|``|
|||At|||At|
||1|April 2021|Income|Expenditure|31 March 2022|
|||£|£|£|£|
|General funds||1,109,083
``|309,561
``|(416,320)
``|1,002,324
``|
**- 14 -**
**Notes to the Financial Statements** _**(continued)**_
## **The Beth Hamedrash Satmar Trust**
## **Year ended 31 March 2023**
## **16. Analysis of net assets between funds**
|**16.**|**Analysis of net assets between funds**||||
|---|---|---|---|---|
||||Unrestricted|**Total Funds**|
||||Funds|**2023**|
||||£|**£**|
||Tangible fixed assets||875,278|875,278|
||Current assets||61,427|61,427|
||Creditors less than 1 year||(71,800)|(71,800)|
||||``|``|
||**Net assets**||864,905|864,905|
||||``|``|
||||Unrestricted|Total Funds|
||||Funds|2022|
||||£|£|
||Tangible fixed assets||973,643|973,643|
||Current assets||160,408|160,408|
||Creditors less than 1 year||(131,727)|(131,727)|
||||``|``|
||**Net assets**||1,002,324|1,002,324|
||||``|``|
|**17.**|**Analysis of changes in net debt**||||
|||At||**At**|
|||1 Apr 2022|Cash flows|**31 Mar 2023**|
|||£|£|**£**|
||Cash at bank and in hand|160,408
``|(98,981)
``|61,427
``|
**- 15 -**