Charity regi$tratlon numb•r 1015723 Company reglsb¥tlon nUrnr 02543108 (England and Walèsl CLAIMWORTH LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
CLAIMWORTH LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru$ts¢$ And Dlrnctorn H. Last S. Last Se¢rgtsry S. Last Chaty r.umb•r 1015723 Company numb•r 2543108 Prlnclpal addr•8* 8 Dangswft Gardens London NW4 2ND Indepondent •xamSn•r Da4fjd Scott Poand Suite Audey House 12-12a Margarel Str88t W1T6AE Bank•r8 Bardays Bank PLC
CLAIMWORTH LIMITED CONTENTS Page TnJslee8' And Dtyectors. rep Independent examlnerfs report Stalernenl of finanrAal adiwlies Balance 8heèt No1fj$ to the finandd statements 7-14
CLAIMWORTH LIMITED TRUSTEES. AND DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trustee8 and direGlors present their annual report and ffinanc4al stalernenls for the year ended 30 September 2023. The financial 51alements have b09n prepared in accordance wth the accounting poliaes sel out in note 1 to th& finanaal slalements and comply with the charrtY5 Memorandum and th.des of Assoc4alion dated 6th Augusl 1990, the Companies Act 2006 and "Accow)ling and Repon9 by Charib'es.. Stslement of Recommended Pradi¢è apph'cable to charities preparing their a¢o)unts in accordance with the Finana81 Reporting Standard applicable in the UK and Repubh'¢ ol Ifeland IFRS 102)" las amended foi a¢(UntIng periods MMencAng from 1 January 2016). Oblective¥ #nd a¢tlvttl•s The charity's objects and tts principal ath'vity continues lo be that of the adv8ncemenl of relwion in accordance wrth the Orthodox Jewish Fallh and Ihe 111 of neety person5. The poly adopted in furlherancè of thes& obj$cts 1$ lo distribute the funds as and when the twslees and direthrs see fft to these worthy caLWS and th8re has been no change in this during the yaar. Thg Iruslees and dlroclorn hav8 paid due regard lo guidance i55ued by the Charlty Commission In decidlng what actlvilies the charity shoukl undertake. The trustees and direclors have also had regard to th8 Charity Cornrnission's 9uidance on public benefil when preparing th18 report, and o)nsldef Ihal the publlc ben&fft terIa arg sallsifed by the Charitab aims and objectives. During the ye81 Ihe level of donations made lo those causes it considers are worthy and In accordance with 118 charitable objectiv•s. Incf•as8d compared to prwous yw, comm8nsuratè wtth the Inueaso in tha cash flow. The level of income received from grft aid donations has not changed from the prewou$ ytsaf. There was al80 no change in the ¢hgrity'$ incoming resour¢¢s from nI•l 1m¢ re¢eivod from invèsthlènt proportS ld. The charity madè donations 01 £314.48312022 - £145.3811 during the year. The trustees. and dirèctors. policy 18 lo bulld Ihglr assets lo a level whereby the trust incomg from thglr assets Can bg maximl$od and accrued in ¥ regular. sustainable and intteasing level in order to be able lo apply all this in¢om• fof the reyuirgmgnts ol th• objects of the charity. Grants payable are paKI to charl'e9 specificaly whK* deal wth the advancement of religion in ardance with th6 Orthodox J•wish Falth And th• ièlièf of n••dy persons. A¢hl•v•ments and wrfOMn¢e The charity is satisfied with rts overall achievewrtnt5 and performance duiing the year and has conts'nued lo meet ils objectives with iegard lo the level of Ibonation$ madg during Ihg Y to worthwhile charitablg ca. Flnan¢lal revlew The reserves hek1 8130 September 2023 shcrw a suwus of £2.307.978 12022 - Q.396,4901. The chafity has ctinU6d to fulfil ts objectives of making donalions for cttarrtable purP)S for the adv8ncement of religion in accordanee wrth the Orthodox Jvwish Fabth a1 tha relief of needy persons dumg the year.
CLAIMWORTH LIMITED TRUSTEES. AND DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 R•s¢Nu pollcy 11 is the policy ol the tharrty to maintsin [eStI1(ed funds. which are the frge reserves of the charity. at a level which the trustees and directors think appropriate, after o)nsidering th& lulure o)mmltrnenls of the charity and the likely administrative costs of Ihe charity the fortho)ming year. The trustees and directors are confidenl that there are SLthcienl lunos to maintsin the njnnlng ofthe tharty. Under the Memorandum and ArtK4es ofAssotyalion, thg thanty has the k)wer to make any inveslmenl in which the charlty sees fiL The trustetss and direcaors consider the relum on inve51ment$ lo be salislactory. Rl8k management The trustees and directors have assessed the major risk8 to whtc the d)arity is exposed. in partiixJlaT those related to the operations and financos ol the tharity, and are satisfied that syslems are in place to miligale exposure to Ihtsse risks A review ol Ihe risks the ¢harty may fa¢e 1$ caftd oul annualty. A key element in the management of financLg1 risk is Ihe seth'ng of a reserve policy 8ntl ils regular rovlew by the Iruslees and directors. The carTty intends lo continue making as many frjnds avarfable for donats.on to the worthy cause rt supports for 118 charitsble purposes. With this In mind. Ihe truslees an¢J diredof$ are ¢on$lanUy Seeking to find means by which lley are abl810 increase tho level of lund5 th8 tharity is 8ble lo distrtsJle. Structure. gov•man¢• and man4g•mvnt The charty Is a company h"mrt•d by guaranlee and is therefore govemed by its Memorandum and Artid88 01 A8soaalion. The re8utts for the year 8nd the flngwal powtk)n At tha year end were ttmsided s8listsctory by the trusleg8 and director5 and achieved the largèls sel by Ihe truslees and directors at th8 beginning of the year. Th& truslaes, who 8re al80 tha dir8ctoTs for the puwe of compy lthv. wtK) seNed during the year were.. H. Last S. Last The Board has the powèr to appoint additional truslegs and dirèctors as it ¢onssd&r$ fil lo do so. None of the trustees and directors has any benefiual interest in the company. All ol the Injstees and difectors are members of the ¢ompany and guarantee to c¥)ntribule £1 in Ihe evenl ol a winding up. The chanty is organi5ed so that its three trustees and diredors m881 regularfy to manage its affairs. Mr. H. Lasl has been appoinled by the ITUStees and direclors lo manage th& day to day opèratson of thè charity. To fa¢ilitatè operations he has delegated authority. appfoved by the trustees and dire(lors, for operab'onal matters induding dèaling with ihe financial affairs of th& charty. Any new trustees would Teceive an induction earty on In thelr tenu. thus ensuring that they fuly understand the organisalion, its operations. its stsff and its ethos and walues. The indudion process would set oul what 1$ expected of trltstees by th¢ thanty. the law and the ChaTIty Commission. Trust&&s receivo regular updates and briefings on these rnatters. The income and propety of the tharTty, whensoever derived. shall arplied solety towards the promolion of thè objects of th8 charity as specthed in the Memorandum and Articles ofAssooats'on. There arè no other resln¢tion$ imposed by the governing doiajment eoncemin9 Ihe way Ihe tharity can operala other than that operalions must be for the lurtherance of thè charitys obje¢l$. On behaW of the board of trustees directors
CLAIMWORTH LIMITED TRUSTEES, AND DIRECTORS, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 H. Last Tru8ts• and Dlr•ctor D8lwJ. 11.1 011.It......
CLAIMWORTH LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND DIRECTORS OF CLAIMWORTH LIMITED I raporl lo Ihe trustees and directors on my exarninalitin of the ana81 stslements of CLaimworth kn'mited Ilhe charity) for the year gndad 30 September 2023. R•spon3ibilitie¥ Ind ba$1$ of report As the trustees and directors ol the charity land 8180 rts directors for th& of company lawl you are responsible lor the preparation of the financi statements in accordarKe wth th8 requirements of the Companies Act 20(b1Ih¢ 2006 Act). Having satisfied mysew that thé financial slalamanls of the charity arg not required lo bè audrted under Part 16 of the 2006 Act and are eligible for independent examination. I rerrfjrt in rèspect of my examination of the charty's financial slalemenls carried out under seCtn 145 of the Charities Act 2011 Ilhg 2011 Act). In carrying out my examination I have followgd am the applicable th're¢lh?ns gwen by the Charity Commiswon under Sgdion 14515llbl of th8 2011 Act. Indond•n •xamln•rf• $tst•m•nt Slnce the oknarily's gro88 income exceeded £20. your examlner MU 8 Mnr of a body Il$t¥d in section 145 of the 2011 Act. I confimi that l am qualified lo undertake Ihe examinath)n because l am a memb of the Institute of Chartered Accounlanls in EngLgnd and Wales, whith is one of the listed bodies. I have completed my ex8minalion. I confim that no matters have come lo my attenb'on in ¢))nnedion with the examlnalbon giving me cause to beIve that in any material respect.. a¢counlin9 records were not kept in respect of the charity as required by section 386 01 the 2C#)6 Act,. or the financial statements do not accord wrfh those records., or the financial slalemenls do not comply wilh the accounting requiremants of sg¢tion 396 of the 2006 Act other than any requiremenl Ihat the acuunts gwe a lrne and fair ¥iew whth is nol a matter considered a$ part of an indepgndenl examinalion; or the financAal stalements have not been prepared in accordance wilh the method$ and prinaples of the Stslemenl of Recommerxled Prac for ac¢ounling and reporting by charities ¥pkable lo ¢harilig$ preparing their arLounls in accordance wrfh the FinarKial Reporting Standard applicable in the UK and RepubliG of Ireland IFRS 1021. I have no ¢oncems and have come awss no other matters in conne¢lion with the examinatlon to which ttenlion Should be drawn irb t8 report in order to ertsIe a wop8f understanding ol the finaal 81atements to be reached. Davld S¢ott Chartered Accountant Portland Suite Audley House 12-12a Margaret Street London W1W 8JQ Dat8d.. O!:10:2024
CLAIMWORTH LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrnstrlctod Unrnstricted funds funds 2023 2022 Not¢s Incom• from: Donations and legacies Investments 75,000 203.697 75.000 2.279 Totsl In¢om• 278,697 281,279 Expgndbtur• on: Trading costs 43.201 77.555 Charit*ble activitles Olher gxpendilure 318,892 5,116 153.865 3.253 12 Totsl •xp•ndltur• 367.209 234,673 N&1 gainr4Oosses) on investments 13 {100,0001 N•t exp•ndltur• and movem•nt In fund• (88.5121 (53,3941 Raconclllatlon of lunds: Fund balances al 1 October 2022 2.398.49) 2,449,885 Fund b•lan¢•$ at 30 &ptemb•r 2023 2.307.978 2,396,490 Thts slalement ol financial a¢tWs Includes all gains aThJ h)sses recognised in the year. Al income and expenditure derive from ntinuIng activitie$.
CLAIMWORTH LIMITED BALANCE SHEET AS AT30 SEPTEMBER 2023 2023 2022 Flx•d assets Investment woporty 15 2.455.C 2.455,000 Curr•nt •$s•ts D•blors Cash al bank and in hand 16 180 10.342 44.252 109,753 Cr•dltorn.' amounts falllng du• wlthln n• year 10,522 154,005 (157.544} (185.015) Nel eurr8nt Ilabililie8 {147.0221 Total a•$•t•1088 curnnt Ilabllttl•¥ 131.0101 2.307,978 2.423,9) Cr•dMor$: amount¥ falllng du• aft•r mor4 Ihall on• y•ar 19 (27,5001 2.307,978 2,396,490 In¢om• lunds UnStrICt¥d lund$ 2.307,978 2,396,490 2,307.978 2.396,4K) The Company is &ntillod lo tho èxemptky) frwn ts autht rnqiriremènt conl8ln8d th secbon 477 of the Companl•s Act 2006. for the year ernlgd 30 Sgplember 2023. The direclors acknovAedg& Iheli rg8p)nsibililies for cc¥nptylng tho ftqulrements of Compani&s Aet 2006 with respgc4 lo ac¢ounbng r¢cord6 and the prparaLJn of finarrial stslemenis. Thè m&rnb&rs have not r4uirod th& company to obtsln an aLYil of its fin4nd81 Stalent8 for the In question In accordance with $ecllon 476. Thesè finand81 statements have b88n prepared In acts)rdar wth Ihe provkions appllcable to cotrpanies Subject to the Sm1 mPanieS reglme. Thè fnand81 st8ttsm&nts wem approve(J by the Truste8sAnd Directors on ..... H. Last Trustee S. Last Tru$te• Company rgglstratlon numbBr 02543108
CLAIMWORTH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accounllng pollcl•s Charfty inforniation Claimworth Mited is a private a)mpany limrted by guafant88 in0)ted in England and Wales. The registered office is . 1.1 Accounting convention The financial statements have been prepared in aco)Tdanr vAlh charitls Memorandum and Artides of AssocAation, the Gompan$ Act 2¢ and 'A¢¢ounbng and Reporting by Charikn'es.. Statement of Recommended Practice appli¢able to charibes preparing their accounts In aectsrdare with the FinancAal Roporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021. las amended foT accounting rfods commanong from 1 January 20161. Th& tharity is a Pubk Benefit Entty a$ definèd by FRS 102. The chafity has taken advantage of the proirysws in th8 SORP tharrties apptying FRS 102 Update BltIn 1 not to prepare a Statemeni of Cash Flow$. The finandal statèmènts are prepared sleding. whith the fiJnlon8I currency ol Ihtr tharty. Monètory amounts in these finanual statements are rounded lo the nearest £. The finanaal slalemenls have been prepared under the hkslorical cost convention, modified lo incjude the rgvaluatson of freehold properties and lo Indude investment PrOpe"8S anLI certain financial inslrumenls al falr valuè. The princi1 ao)Junling polioes adopted are 1 out belu*. 1.2 Golng ¢on¢•m At tho timo of approving the financial statements. the truste&s and directors havè a reasonable expectation Ihal the charity has adequate resources lo conlinue in operalK)nal existence for th& lorese8able future. Thus the Iruslees and directors continue lo adopt the wng eoncem basis ol acA))unling in weparing the financAal statem15. 1.3 Charltable funds Uniestricted funds are aVarIab for use at the dis(¥etion of the tru8tee8 and direclor8 in furtheran of their charitabla objad$. 1.4 In¢om• Inrne is recognised when the charty is kgally entitled to it after any perfomiance o)TrJiiions have been mel, the amounts measured reliabty. and it is wobats that income wll be received. Cash donatsons are recognised on re¢¢ipl. Othw dtsnab'ons are regnIsed On the tharity has been notified of the donation, unless perfomiance condrtws wuire defeffal of the amount. Income tax recoverable in relation to donations rècèiv¢sJ [r Gift Aid or deeds of covenant is recognised at the time of the donation. 1.5 Expendltur• Rg$ources expended are inclLKled in the Statement of FinanualActiwbe$ C an aal$ basis. Costs of generating funds are Ihose o)sts iru[red in altracting ¥olunl8ry income and those CJrred in trading Octivides th81 iaise funds. ExperbdituTe vthich is directy related to irweslmenl properb'es has been shown sepaialely under this heading. Chanlable actiMlies indude expenditure of grants made for the &Jvancement of religion in 8ts)Jrdance with the Orthodox Jewish Farth and the relief of needy persons. Governance (x)sls InCe those incurred in the governance of the tharity and its assèts and are priMarY associated with fnStitUtiOnal and staithory reqU1MentS.
CLAIMWORTH LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 AccountFng policie• IContinu•d) Other re$our¢o$ gxp8nded arg for loan interest payable on the investment propertles owned by the charity utilised for raisng rental inttJm&. 1.6 Inv•stm•nt prop•rty Investment property. which is property hehj lo eam rentals andlor for capital appreciation, is inilially recognised al cost, which indudos the purch3 Cost and any diredty attributable expenditure. Subsequently it is measured al fair value al the roporting end date. The [pluS or d8fk?l on revaluatson is reCognid in wofil or kjss. 1.7 Cash and cash equlvalents Cash and cash equivalents Inclu¢Je ¢8sh kn hand, deposrts held al call wllh banks. other short-temi Ih]uld investments with original malurilies ol threè months Of18ss, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabihli•s. 1.8 Flnanclal Instrum•nts The charily has elecled lo apply the pslOng of Sadon 11 'Basi¢ Flnanclal Inslrum&nls' and Secty'on 12 'Other Financial Instrumènts Issues, of FRS 102 to all of its finawal instruments. Flnandal instruments are rgo)gni8ed in the chanvs bakgnce sheel wthen the chaiity b8tsJmes party lo thè contra¢tual provSslons of the in8trumènt. Financlal assels and liabililias are offset, the net amounts presenled in the finanual stalemenls, when there is a lèg41ty énforc8able right to sel off the r8cognisad amounts and th•ro 1$ an intèntion to sgtt1• on a nal basis or to realise the as8et and settle ihe lbIlity simullaneousty. 8•$1¢ fln•ncll ass•ts Basic finanaal assets, inchjde debtors and cash and bank balanc4s. aro initialy measurod al transaction price Induding transaction ¢osls and a subseouenlty ¢arried 81 aM0$d cost using the effectlv& interest melhod unless the arrangement consliluttrs a ffinancing transaction. where the Iransaclion is measured al the present value of the lulure receipts dis¢ounl¢d ¥1 • m8rket rale of inlere$l. Fin•n¢i•l o$1¥1$ 8swfi¥d a8 receivable wlhin one year are not amortised. Ba$1¢ flnncl•l Ilabllhies Basic financi81 Iiabilrties, induding creditors and bank loans are initialty reD)gnlsed at Iransaciion price unle88 the arrangemenl constrtutes a finanang transaction, where the debt inslrumenl is measured at the pr&sent value ol th& fulurg paymtrnls discounted at a markol iato of intorost. Finanoal liabililios dassified 8S Payable wlthin ona y8ar ar• not amtsrlised. Debt instrumènts are $ubSeqLtfy Caled al amClIS8d cosL using th• offective inlerest rale method. Trade uedilors are obligations lo pay for goods or ser¥Kes that have been acquired in the (wdlnary course of operations from supplie(s. Amounts payable are das%fied as rrent liabilities if payment 15 due wilhin on8 year or less. If nol, they are presented as non-curr&nl IKabilrties. TTrde creditors are recognised inFtsalty 81 transaction price and subsequentty measured at amortised cx)sl using the effective interest method. D¢r¢¢ognltlon of flnanclal Ilablllrfles Financial liabillties are derecognisfjd when the chanty's eontractual obligations expire or are distharged or cancèll¢il.
CLAIMWORTH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accounllng polScl•• Icontlnuedl 1.9 Ernploy•g b•nèffts The c051 of any unusgd holiday enlruemenl is recognised in the perbj In whi( the employee's wvices ore received. Teminalion beneffts are recognised immedbalety as an expense vthen the thafity is d8monstrabty commrtted lo terminate th8 èmpksyment of 8n ernOyee or to Pfovidè lennin8tn benefil$. 1.10 Fund• •tru¢tur• All lunds held are unrestricted income fuNts. Crltlcal aceountlng eBtlmats• and ludgom•nts In the appfution of the charty's accounb'ng polities. the Iruslees and directors are requir8d lo make ludgemenls. gslimales and assumplions about the carying amwnl of assets and liabililies that are not readily apparent from tslher sources. The estimates arHI as3orAaled assumptions are based on hi8loric81 ¥xpori$n and tslher factors that are cOndered to be relent Actual resLths may differ from these e8tirnale8. The eslimales anY undertying 855umFth"ons are reviewed on an ongoing basis. Revisions lo accovnting eslimales are recognised in the perKKI in which the estimate 1$ revtsed where the revision affeds only Ihal period, or in the rItid of the revhsion and luiurt periods where Ihe 610n affe¢X6 both ojrrenl and lulure periods. In¢omg from donaUon• and legacl Unvo•trlcted funds 2023 Un¥••trfctsd funds 2022 Oonatlons and •ft8 75.0(M) 75,000 In¢om• from Inve$lm•nts Unrestrl¢t¢d Unr•$trl¢t•d funds funds 2023 2022 Rental income Olher incomg Interest receivable 202,199 201.920 305 4,054 1,193 203.697 2(A,279
CLAIMWORTH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Expenditure on r41sing funds Unre$trlcted Unmtrl¢trd funds funds 2023 2022 InVtrnent proyrty •xp•nwJ Other trading aclNities 43.201 77,555 Charlt*bl• a¢tlvlll 2023 2022 Grant funding of actmties (sea note T) Share of governance 8¢$ Isee note 8} 314.483 4.409 145,381 8,484 318.892 153.865 Grnnts payabl• Don•tion• 2023 t>onatlon8 2022 Grants to In$tllullons'. Other 314.483 145,381 Grants are payable in furtherance of Ihe charivs objaclNes and are dol¥iled in a sepèrale publiration which Is available Ircffi the Regislgi&d Office. 10-
CLAIMWORTH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Support costs Support Govgmance costs costs 2023 2022 L¢gal and prolessior Bank charg?$ Sundry •xp•ns 3.500 321 626 B,ocMJ 322 163 321 626 8.484 8.484 8,485 Arhalysed befv48en Charitablè aetivrtb•$ 4,409 8.484 Legal and prol•ssknal fees comprise £NiS12022- £Nif) for the independent examination and £S.500 {2022 - £5,$001 for ac¢>)unlancy work. N•t M0m•nI In fund• 2023 2022 The nel movement In fLtThJs18 stalèd aft4r tharolngllcr•drting}'. 10 Trn¥t And Dlrnctorn None of the trustees and diredors {or any persons o)nneced wth them) received any remuneratlon durlng the year. The trustees were not paKI or 1oimburs•d for expenses during the year. Al the year end the trustees and direclors of the thanty were an amount of £Nil12022 - £3441 by the chanty. This has been induded in olher creditors. 11 Employ••i The average monthty number of ompk)yee$ during the 81 wa8.. 2023 Numb•T 2022 Number Total There were no employees vthose annual rnnunerat*Jn was wwJr8 than £60.C(WJ. 12 Oth•r mources expend 2023 2022 Finan¢ing costs 5.116 3.253 11
CLAIMWORTH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 12 Other resour¢es exnded (Continued) Other reSoUrS expended are kian u)lerest payments for the fring of one of the investment propgrtie5 owned by the charity utilised for rah%ing rental income. 13 Galn• Ind lo8 on InvMtm•nts Unre8trl¢tgd Unrestrlctsd fvnd¥ funds 2023 2022 Goinslllossg$1 arising on.. Revaluation of inveslmgnls {100,000) 14 T4x•lon The charity 1$ exempl from taxation on its aCtilIeS bo¢4usg al Its income Is applied for charitable purposes. 16 Inv•8tr))•nt prop•rty 2023 F•lr v•lu• Al 1 October 2022 and 30 Septombor 2023 2.455.C(K) Investment propety comprises freew and long le8sehoK4 propeth.es as detailed below. The fair value of the Investment properties ha5 been arrived at on the basis of a valuatson carried out by the trustees and dlrectors on an open market value basis as al 30 Seplember 2023. The previous valuation was made as at 30 Sgptomber 2022. No depreaation Is prowded in respecl of these propertiè$. All proporti¥s a held in tho Unrt•d Kingdom and are used for tharitable pU)SeS. 2023 2022 Freehohj Long lea58hold 1,400,OCQ 1,400.CbJO 1.055,OQ) 1.055,000 2,45S,OC 2.455.000 16 Debtorn 2023 2022 Amounts falling wlthln on• ytar. Olher debtors 44,252 12-
CLAIMWORTH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 17 Loans and oY•rdrafts 2023 2022 Bank loan$ Other loans 37.5CKI 80.OCKI 80.(WJ) 80.(K 117.5 Payable within one y8ar Payablg aftw one year 80,m) 27.5 Th8 Back Loan was repaid in full during the year. Othtrr toan8 mpriSe one loan whth 1$ rèpay¥t40 on with interest charged al 2% above 3-monlh SONIA. Thls loan is 88¢ured on one olthe investment properties, 18 Cr•dltorJ: amounts lalllng du• wlthin on• y•ar 2023 2022 Nots• Bank loans Other borrowng$ Other tsxation and )cIa securty Other creditors Accfuals and def8irod incom• 17 lo,)0 80,(X)O 18.271 80,OCQ 8,023 68,057 75,280 157.544 185.015 19 Cr•dltor8: amounts falllng du• aft•r mor• than on• y•ar 2023 2022 Not•• Bank loans 17 27,500 13-
CLAIMWORTH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 20 Unrestrictsd funds The unrèstrid¢d funds of the chanty cAJmprise th¢ uMxp8nded balances of donallon$ and grants which are not Subject lo specific ¢ondbti¢)ns by donors and gr8nlors as to how they may be used. Thèse include designated fvnds which have been sel asidg OLrt of unresln"¢asd lunds by the trustees for spècrfic purposes. At 1 OCtor 2022 Incomlng our¢•s R•sourc•8 •xpended G¥in8 and lossos At30 September 2023 Gener81 fiJnd8 2.3*.490 278,697 {367.2091 2.307,978 Pr•vlou• ye•r: Al 1 t)¢tober 2021 In¢omlng Re$our¢•8 r•8oufC •xpended Galns and loss At30 S¢ptember 2022 GentTal funds 2.449,B85 281.279 {234.6731 {l.0c0) 2.396,490 21 R•latsd p•ty tran8a¢tlon# The charity was charged inlefesl of £4.79712022 - £2.181) in Spect of 8 ban from Prernierquole Lirnilèd. 8 charitable UK company. 81 a commercial rale of interes1. The loan is repayable on demand. The amount OlSndIng al the balanck sheet date induded in creditors was £80,(l2022 - £80,(#XJI and acUed loan inloresl includad in cr8dstors was £10,952 12022 £6.155). Mr H. Last is a Injstee and direclor ol both charitles. 14_