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2022-08-31-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

Reference	and adm	inistrative	inistrative	details
Registered	charity	name		Forty Limited
Charity registration		number		1039036
Company	registration		number	02884621
Principal office and		registered		103High Street
office				Waltham Cross
				ENB 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

					2022	2022	2021
					Unrestricted
					funds	Total funds	Total funds
				Note	5	F	F
Income and endowments
Donations and legacies				5	495,953	495,953	751,771
Other trading activities				6	969,165	969,165	925,467
Tote I income					1,465,118	1,465,118	1,677,238
Expenditure
Expenditure on raising funds:
Costs ofother trading	activities			7	8,790	8,790	46,707
Expenditure on charitable	activities			8,9	1,452,858	1,452,858	1,191,482
Total expenditure					1,461,648	1,461,648	1,238,189
Net income and net movement		in funds			3,470	3,470	439,049
Reconciliation offunds
Total funds brought forward as		previously	reported		10,454,580	10,454,580	9,070,109
Prior year adjustment							945,422
Total funds brought forward as restated					10,454,580	10,454,580	10,015,531
Total funds carried forward					10,458,050	10,458,050	10,454,580

					2022	2021
				Note	F
Fixed assets
Tangible fixed assets				13	43,470	47,502
Investments				14	11,635,071	11,593,021
					11,678,541	11,640,523
Current assets
Debtors				15	163,313	84,581
Cash at bank and in	hand				3,305	5,576
					166,618	90,157
Creditors: amounts		falling	due within one year	16	148,067	466,733
Net current assets					18,551	(376,576)
Total assets less current			liabilities		11,697,092	11,263,947
Creditors: amounts	falling		due after more than one year	17	1,239,042	809,367
Net assets					10,458,050	10,454,580
Funds ofthe charity
Unrestricted funds:
Revaluation reserve					5,916,489	5,916,489
Other unrestncted		income funds			4 541 561	4,538,091
Total unrestricted funds					10,458,050	10,454,580
Total charity funds				18	10,458,050	10,454,580

Year ended 31August	2022
			2022 f	2021
Cash flows from operating	activities
Net income			277,470	439,049
Adjustments for:
Depreciation oftangible fixed assets			4,830	5,278
Interest payable and similar	charges		48,010	17,763
Accrued expenses/(income)			1,780	(2,140)
Other operating cash flow adjustment				(47,041)
Changesin:
Trade and other debtors			(352,732)	(46,161)
Trade and other creditors			(270,377)	(144,536)
Cash generated from operations			(291,019)	222,212
Interest paid			(48,010)	(17,763)
Net cash (used in)/from operating activities			(339,029)	204,449
Cash flows from investing	activities
Purchase oftangible assets			(798)
Purchases of other investments			(42,050)	(128,536)
Net cash used in investing activities			(42,848)	(128,536)
Cash flows from financing	activities
Proceeds from borrowings			379,606	(65,360)
Net cash from/(used in) financing activities			379,606	(65,360)
Net (decrease)/increase in Cash and cash equivalents	cash and cash at beginning	equivalents ofyear	(2,271) 5,576	10,553 (4,977)
Cash and cash equivalents	at end ofyear		3,305	5,576

						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2022	Funds	2021
						6	E		6
Donations
Donations		and	Gifts			495,953	495,953	751,771	751,771
Other	trading		activities
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2022	Funds	2021
							E	f	f
Rental	income		on investment		property
- non operating						969,165	969,165	925,467	925,467
Costs	ofother		trading	activities
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds 6	2022	Funds f	2021 6
Costs	ofother		trading	activities	- Other
activity	1					8,790	8,790	46,707	46,707

Expenditur	e on charitable a	ctivities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		5		6	E
Charitable	activities	1,444,578	1,444,578	1,184,982	1,184,982
Support costs		8,280	8,280	6,500	6,500
		1,452,858	1,452,858	1,191,482	1,191,482

			Activities
			undertaken	Grant funding	Support	Total funds	Total fund
			directly	ofactivities	costs	2022	2021
			E	E		6	E
Charitable	activities		1,407,078	37,500		1,444,578	1,184,982
Governance		costs			8,280	8,280	6,500
			1,407,078	37,500	8,280	1,452,858	1,191,482
Analysis	of	grants
						2022	2021
						6	6
Grants to	institutions
Grants to	institutions					37,500	292,608
Total grants						37,500	292,608
Auditors	remuneration
						2022	2021
						E	f
Fees payable		for the audit	ofthe financial statements			8,280	6,500

There were no trustees' remuneration or other benefit Tangible fixed assets	s for the year ended 31August 2022.
	Plant and
	machinery
Cost
At 1 September 2021	143,485
Additions	798
At 31 August 2022	144,283
Depreciation
At 1 September 2021	95,983
Charge for the year	4,830
At 31August 2022	100,813
Carrying amount
At 31August 2022	43,470
At 31 August 2021	47,502

Investments
	Investment
	properties f
Cost or valuation
At 1 September 2021	11,593,021
Additions	42,050
At 31August 2022	11,635,071
Impairment
At 1 September 2021 and 31 August 2022
Carrying amount
At 31August 2022	11,635,071
At 31August 2021	11,593,021

Debtors
			2022	2021
			f
Trade debtors			21,313	9,581
Amounts owed by connected		company	142,000	75,000
			163,313	84,581
Creditors: amounts	falling due within one year
			2022 f	2021
Bank loans and overdraffs			53,698	103,767
Trade creditors			46,745	21,592
Accruals and deferred	income		8,280	6,500
Other creditors			39,344	334,874
			148,067	466,733

Credi	tors:	amo	unts falling due after more than	one year
				2022	2021
Bank	loans	and	overdrafts	1,239,042	809,367

				At				At
				1 September			Prior year	31August 2
				2021	Income	Expenditure	adjustments	022
				F	F		F	8
General	funds			4,538,091	1,465,118	(1,461,648)		4,815,561
Revaluation		reserve		5,916,489				5,916,489
				10,454,580	1,465,118	(1,461,648)		10,458,050
				At				At
				1 September			Prior year	31August 20
				2020 6	Income 6	Expenditure 8	adjustments F	21 6
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
Analysis of		net assets between funds
							Unrestricted	Total Funds
							Funds	2022
								6
Tangible	fixed assets						11,678,541	11,678,541
Current	assets						166,618	166,618
Creditors less than			1	year			(148,067)	(148,067)
Creditors greater than				1 year			(1,239,042)	(1,239,042)
Net assets							10,458,050	10,458,050
							Unrestricted	Total Funds
							Funds	2021
							6
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

Anal	ysis ofchang	es in net debt
			At		At
			1 Sep 2021	Cash flows	31 Aug 2022
					6
Cash	at bank and	in hand	5,576	(2,271)	3,305
Debt	due within one year		(103,767)	50,069	(53,698)
Debt	due after one	year	(809,367)	(429,675)	(1,239,042)
			(907,558)	(381,877)	(1,289,435)