2021-08-31-accounts

							Page
Trustees' annual report (incorporating				the	director's	report)
Independent	auditor's	report to	the members
Statement	offinancial	activities	(including		income and
expenditure	account)						10
Statement	offinancial	position
Statement	ofcash flows						12
Notes to the financial		statements					13

Registered	charity	name	name	Forty Limited
Charity registration		number		1039036
Company	registration		number	02884621
Principal office and		registered		103High Street
office				Waltham Cross
				EN8 7AN
				England
The trustees
				Mr A. Schechter
				Mr R. Spitzer
				Mr J.Gluck
				Mrs H. Gluck
Company	secretary			Avrohom Schechter
Auditor				Brindley Goldstein	Limited
				Chartered accountants		&statutory	auditor
				103High Street
				Waltham Cross
				Herts
				EN8 7AN

					2021	2021	2020
					Unrestricted
					funds	Total funds	Total funds
				Note		E
Income and endowments
Donations and legacies				5	751,771	751,771	516,063
Other trading activities				6	925,467	925,467	842,000
Total income					1,677,238	1,677,238	1,358,063
Expenditure
Expenditure on raising funds:
Costs ofother trading	activities			7	46,707	46,707	41,078
Expenditure on charitable	activities			8,9	1,191,482	1,191,482	774,008
Total expenditure					1,238,189	1,238,189	815,086
Net income and net movement		in funds			439,049	439,049	542,977
Reconciliation offunds
Total funds brought forward as		previously	reported		9,070,109	9,070,109	8,527,132
Prior year adjustment					945,422	945,422
Total funds brought forward as		restated			10,015,531	10,015,531	8,527,132
Total funds carried forward					10,454,580	10,454,580	9,070,109

					2021	2020
				Note
Fixed assets
Tangible fixed assets				13	47,502	52,780
Investments				14	11,593,021	11,464,485
					11,640,523	11,517,265
Current assets
Debtors				15	84,581	38,420
Cash at bank and in hand					5,576
					90,157	38,420
Creditors: amounts	falling due within		one year	17	466,733	1,598,182
Net current liabilities					376,576	1,559,762
Total assets less current liabilities					11,263,947	9,957,503
Creditom: amounts	falling due after		more than one year	18	809,367	887,394
Net assets					10,454,580	9,070,109
Funds ofthe charity
Unrestricted funds:
Revaluation reserve					5,916,489	5,916,489
Other unrestricted		income funds			4,538,091	3,153,620
Total unrestricted funds					10,454,580	9,070,109
Total charity funds				19	10,454,580	9,070,109

Company Limited by Guarantee Statement ofCash Flows Year ended 31August 2021
			2021	2020
		Note		f
Cash flows from operating activities
Net income			439,049	542,977
Adjustments for:
Depreciation oftangible fixed assets			5,278	5,864
Accrued income			(2,140)
Other operating cash flow adjustment			(47,041)
Changesin:
Trade and other debtors			(46,161)	(8,420)
Trade and other creditors			(144,536)	(49,873)
Cash generated from operations			204,449	490,548
Net cash from operating activities			204,449	490,548
Cash flows from investing activities
Purchase oftangible assets Purchases ofother investments			(128,536)	(5,604) (428,545)
Net cash used in investing activities			(128,536)	(434,149)
Cash flows from financing activities
Proceeds from borrowings			(65,360)	(19,442)
Net cash used in financing activities			(65,360)	(19,442)
Net increase in cash and cash equivalents			10,553	36,957
Cash and cash equivalents at beginning	ofyear		(4,977)	(41,934)
Cash and cash equivalents at end ofyear		16	5,576	(4,977)

					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds f	2021 f	Funds	2020 f
	Donations
	Donations and Gifts				751,771	751,771	516,063	516,063
6.	Other trading	activities
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2021 f	Funds F	2020 F
	Rental income on investment			property
	- non operating				925,467	925,467	842,000	842,000
7.	Costs ofother trading		activities
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds f	2021 f	Funds F	2020
	Costs ofother trading		activities - Other
	activity				46,707	46,707	41,078	41,078
8.	Expenditure	on charitable		activities	by fund type

Expenditur	e on charitable a	ctivities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds f	2021 f	Funds f	2020 f
Charitable	activities	1,184,982	1,184,982	770,408	770,408
Support costs		6,500	6,500	3,600	3,600
		1,191,482	1,191,482	774,008	774,008

		Activities
		undertaken	Grant	funding	Support	Total funds	Total fund
		directly	of	activities	costs	2021	2020
				F	E		6
Charitable	activities	892,374		292,608		1,184,982	770,408
Governance	costs				6,500	6,500	3,600
		892,374		292,608	6,500	1,191,482	774,008

10.	Analysis	ofgrants
				2021 f	2020
	Grants to	institutions
	Grants to	institutions		292,608	661,578
	Total grants			292,608	661,578
11.	Auditors	remuneration
				2021	2020
	Fees payable for the audit ofthe financial		statements	6,500	3,600

There were no trustees' remuneration or other benefits for the ye Tangible fixed assets	ar ended 31August 2021.
	Plant and
	machinery
Cost
At 1 September 2020 and 31August 2021	143,485
Depreciation
At 1 September 2020	90,705
Charge for the year	5,278
At 31August 2021	95,983
Carrying amount
At 31August 2021	47,502
At 31 August 2020	52,780

Investments
		Investment
		properties
		E
Cost or valuation
At 1 September 2020		11,464,485
Additions		128,536
At 31August 2021		11,593,021
Impairment
At 1 September	2020 and 31August 2021
Carrying amount
At 31August 2021		11,593,021
At 31 August 2020		11,464,485

15.	balance sheet date. Debtors
			2021	2020
			E	E
	Trade debtors		9,581
	Amounts owed by connected company		75,000
	Other debtors			38,420
			84,581	38,420
18.	Cash and cash equivalents
	Cash and cash equivalents	comprise the following:
			2021	2020
			E	E
	Cash at bank and in hand		5,576
	Bank overdrafts			(4,977)
			5,576	(4,977)

Creditors: amounts	falling due within one year
		2021	2020
		6	6
Bank loans and overdrafts		103,767	96,077
Trade creditors		21,592	92,115
Accruals and deferred	income	6,500	8,640
Other creditors		334,874	1,401,350
		466,733	1,598,182
Creditors: amounts	falling due after more than one year
		2021	2020
		6	6
Bank loans and overdraRs		809,367	887,394

Unrestricted	funds
			At				At
		1 September				Prior year	31August 2
			2020	Income	Expenditure	adjustments	021
			8		5	F	E
General funds			3,153,620	1,677,238	(1,238,189)	945,422	4,538,091
Revaluation	reserve		5,916,489				5,916,489
			9,070,109	1,677,238	(1,238,189)	945,422	10,454,580
			At				At
		1	September			Prior year	31August 20
			2019 f	Income	Expenditure F	adjustments	20
General funds			2,610,643	1,358,063	(815,086)		3,153,620
Revaluation	reserve		5,916,489				5,916,489
			8,527,132	1,358,063	(815,086)		9,070,109

Analysis ofnet as	se	ts between funds
			Unrestricted	Total Funds
			Funds	2021
				K
Tangible fixed assets			11,640,523	11,640,523
Current assets			90,157	90,157
Creditors less than	1	year	(466,733)	(466,733)
Creditors greater than		1 year	(809,367)	(809,367)
Net assets			10,454,580	10,454,580
			Unrestricted	Total Funds
			Funds	2020
			8
Tangible fixed assets			11,517,265	11,517,265
Current assets Creditors less than 1 Creditors greater than		year 1 year	38,420 (1,598,182) (887,394)	38,420 (1,598,182) (887,394)
Net assets			9,070,109	9,070,109
Analysis ofchang	es	in net debt

Anal	ysis ofchanges in net debt
		At		At'
		1 Sep 2020	Cash flows	31Aug 2021
Cash	at bank and in hand		5,576	5,576
Bank	overdrafts	(4,977)	4,977
Debt Debt	due within one year due after one year	(91,100) (887,394)	(12,667) 78,027	(103,767) (809,367)
		(983,471)	75,913	(907,558)