COMPANY REGISTRATION NUMBER: 03777848 CHARI￿ REGISTRATION NUMBER: 1087224 Beenstock Home Management Co. Ltd Company Limited by Guarantee Financial Statements 31 March 2024 LIMI Chartered accountants & statutory auditor Brulimar House Jubilee Road, Middleton, Manchester England M24 2LX Beenstock Home Management Co. Ltd Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the diiectorfs report) Independent auditors report to the members Statement of financial activities (including income and expenditure account) Statement of financial position 12 Statement of cash flows 13 Notes to the financial statements 14 Beenstock Home Management Co. Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 The trustees, who are also the directors fr)r the purposes of company law, present their report and the financial statements of the charty for the year ended 31 March 2024. Reference and admSnlstralive details Registered charity name Beenstcrk Home Management Co. Ltd Charlty registration number 1087224 Company registration number 03777848 19-21 Northumberland Street Salford 14RP Principal office Registered office Brulimar House Jubilee Road Middleton Manchesler M24 2LX The trustees Mordechai Halpern Hoseas Avigdor Friedlander Navah Kestenbaum Audltor G A HARRIS & CO LIMITED Chartered accountants & statutory auditor Brulimar House Jubilee Road. Middklon. Manchester England M24 2LX Beenstock Home Management Co. Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ondnued) Year ended 31 March 2024 Structure, govemance and management Beenstock Home Mana9ement Co. Ltd is constilLrted by Memorandum and Articles of Association and is a ¢cmpany limited by guarantee. It was incorporated on 26 May 1999 as a Company and the company number is 3777848. The Memorandum and Articles of Associalion were amended by special resolution on 17 March 2001. It was registered as a charrty on 28 June 2001 with the charity number being 1087224. Recruitment and appointmenl of new twstees would be in line wtih the Trust Deed and with the consent of the trustees. The crileria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisatts)n. The home manager is Mrs S Neumann. who is responsible for the day to day wnning of the Home, on behalf of the trustees. Mrs Huppert assists with bookkeeping and intemal financial controls. Mrs Neumann and Mrs Huppert are accountable to the trustees who ultimately have legal responsibilty for the overall management and control of the charity and meet regularly. All major decisions are taken collectwety by Ihe trustees and all the trustees give of their lime freely. The trustees are unpaid and details of any related party transactions are disch)sed as applicable in the notes to the accounts. The arrangements for setting the pay of the charitys employees is the sole domain of the trustees. The trustees feel that if any areas are conS￿ered to be major risks. then systems or procedures have been established to manage those risks. The truslees believe Ihat rKS such risks exist at Ihe dale of this report. Beenstock Home Management Co. Ltd Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {conlinuodJ Year ended 31 March 2024 Objectives and activities The ctjjects of the charity are to help and care for eldety persons of the Orthodox Jewish faith, In particular those residenl in the Saword area of England, in a safe environment. The Home. The main activities are the provision of residential care, nursing care. supported independent living unrts, domiciliary care, lecreatic￿al activrties for l)oth residents. tenants arKI local elderly people. Public beneftt The trustees confirm that they have rèferred to the guKlance contained in the Charity Commission's general guidance on public benefft when reviewing the charty's aims and objectives and in planning future activities and setting grant making poI￿Y for the year. The truslees have regard to the public benefft duty of the chanty and consKler this is mel by the activities of Ihe Charity. In particular benefrt is receNed by the elderly vulnerable population.. -Funding offered by a local autlv)rity to pay for a pl￿ in the care home. -Pecple who are unable to pay receive particular benefit from charrtable funds. -Housing benefit and social care packages to cover the cost of supported accommodation and domiciliary care costs. -Local people who are elderly and in need. but INing in their own homes. join for organised recreational activrties In the care home. -Nursing. -Providing respite care funded through NHS. -Provisions of actNities Ihrough the charitbes stated aims arml ctjjectives. The trustees measure the success of achieving the stated aims by enhancing the value of the lrfe of the individuals who live at the home. The trustees consider they have met their aims successfully this year. Beenstock Home Management Co. Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (eofttinuod) Year ended 31 March 2024 Achievements and perfomiance The charty received income of £222,780 {2Q23: £26.510) from donations, legacies and grants during the year. Included in this income Y￿re two individual legacies of £194.468 and £7.500 respectively. The charity also received income of £186.636 (2023.. £126,748) frc¥n tenants, rents as well as £1,633,758 (2023.. £1,542,692) from charitable actNitses in respect of nulsing home services. The chaTty spent £1,959.824 (2023: £1.747,266) on cosls associated wth seNices at the nursing home as well as support and governance costs. These costs are in line with the objectives of the charity. The charty received restricted grant funds of £60,900 of which £55,101 has been spent during the year leaving a balance on restricted furKls al 1 st March 2024 of £5.799. Monies spent are in line wilh the terms of the funding providers. There was an overall surplus of resources for the year amounting to £84,39712023 defictt: £51,195) from the unrestricted fund with a balance on the restricted fund of £5,799. The balance on the unrestricted fund is £412.876 at 31 st March 2024 {2023 £328.479). The trustees are salisfEd that the balance of the unrestrKled fund ￿ an acceptable level of rese￿e5 given the nature of revenue and associated expenses that the charity incurs. The trustees intend lo maintain a minimum reserve. beiro enough to cover all liabilit￿S as they fall due. The retained level of reserves reflects the assessed risk of the charity. The trustees and management of the home have lden1rf￿d that new residents can onty come in to the home after a financial care plan has been agreed. this WIH ensure that the bad debts the charity incurred previousty are mt repeated. Occupancy rates remain high and the control of overheads especially wages is moniiored by the trustees and as little agency staff as possible are utilised. The physical and mental health and well-being of the residents is paramount. The receipt of a grant from the Sports Council during the year has also alkxved addrtional mobility activities to take place within the Home, in the hope of keepi￿ residenls mobile as long as possible. Demand for the Hcffle's services remains strong. with occupancy levels eing constantly high throughout the year and since year end. The charity has govemance costs comprising professional fees. There were no material fundraising costs during the year. Related party transactions in the reporting pericneèrn and using the going concem basis of accounting unless the trustees erther intend to liquidate the Charity or to cease operations, or have no realist￿ atternative but to do so. Auditorfs responsibilitios for the audit of the financial statements Our objectives are to obtsin reasonable assurance about whelher the financial statements as a whole are Iree from material misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a h￿h level of assurance, but is not a guarantee that an audit conducted in accordance wslh ISAS (UK) wil afrways detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be eX￿led to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraLKI. are instances of non-ccfflpliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularrties. including fraud. The extent lo which our prcredures are capable of detecting irregularities. including fraud is detailed below- We obtained an understanding of the legal and regulatory fr￿ewOrk that the Beenstock Home Management Co. Ltd operates in, and identif￿d the key laws and regulations that had a direct effect on the determination of material amounts and disclosures in Ihe financial statements. These included the UK Companies Act and tax legislation", and do not have a direct effect on the financial statements but compliance with which may be fundamental to the charrtable company's abilty to operate or to avoid a material penalty. As part of an audit in accordance with ISAS {UK). we exercise professional judgment and maintain professional sceplicism throughout Ihe audit. We also: Identify and assess the risks of material misstatement of the firbancial statements. whether due to fraud or error, design and perform audst procedures responsive to those risks, and obtain audit evidence that is sufficTrent and appropriate to provide a basis our opinion. The risk of not delecting a material misstalement ￿SUItsng from fraud is higher than for one resulting from error. as fraud may involve collusb)n. forgery. inlentional omissions, miSrepresenta￿ns. or the override of internal control. Obtain an understanding of intemal control relevant to the audit in order lo design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effeth'veness of the intemal contrd. Evaluate the appropriateness of accounting policies used and the reasonableness of accounling estimates and related disclosures maje by the trustees. Beenstock Home Management Co. Ltd Company Limited by Guarantee Independent Audltor's Report to the Members of Beenstock Home Management Co. Ltd {¢ontinuedJ Year ended 31 March 2024 Conclude on the appropriateness of the trustees. use of the going concem basis of accounting and, based on the audrt evIder￿e obtained. whether a materhal uncertainty exists related to events or Conditions that may cast sMJnificant doubt on the charivs abilty to continue as a going concern. If we conclLKle that a material uncertainty exists. we are required to draw attention in our auditor's report to the ielated disclosures in the financial ststements or. rf such disclosures are inadequate, to modfy our opinion. Our conclusions are based on the audrt evrdence obtained up to the dale of our auditor's ieport. However, fulure events or condits'ons may cause the chartty to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair p￿sentatIOn. We communicale wth those charged with governan￿ regarding. among other matters, the planned scope and liming of the audrt and S￿nIfICant audrt findings. including any significant deficiencies in internal control that we identrfy during our avdiL Use of our report This report is made solely lo the charivs members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charrty's members those malters we are required to stale to them in an audrtorfs report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility lo anyone other than the charity and the charrty's members as a body, for our audil Work, for this report, or for the opinions we have formed. Gary Harris (Senior Statutory Auditor) For and on behalf of G A HARRIS & CO LIMITED Chartered accountants & statutory auditor Brulimar House Jubilee Road, Middleton, Manchester England M24 2LX 31 March 2025 10 Beenstock Home Management Co. Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restrtcted funds Total funds Total funds Unrestn'cted funds 2023 Income and endowments Donations and legacies Charitabte activities Investment income Total income Expendlture Expenditure on charitable activities Total expenditure Nots 222.780 1,820.394 1,047 2,044.221 60,900 283.680 1,820,394 1,047 2.105.121 26,510 1,669,440 121 60,900 1,696,071 8,9 1,959.824 1.959.824 55,101 55.101 2.014,924 2.014.924 1,747.266 1.747.266 Net incomel(expenditure) and net movement in funds 84.397 5.799 90,197 (51,195) Reconciliation of funds Total funds brought forward Total funds carried forward 328.479 412,876 328,479 379,674 328.479 5,799 418.675 The statemenl of financ￿1 activities indudes all gains and losses re¢ognised in the year. All income and expendrture derive from conb"nuin9 actwities. The notss on pages 14 10 22 forni part of th•se ffinancl•l $tstèménts. 11 Beenstock Home Management Co. Ltd Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Fixed assets Tangible fixed assets 15 302,140 354,380 Current assets Debtors Cash at bank and in hand 16 94.626 103,684 198,310 44,153 46.806 90.959 Creditors: amounts falllng due withln one year Nel current assets Total assets less current liabilities Creditorn: amounts falling due after more than one year Net assets 17 81.774 116.536 418.676 116,181 (25,222) 329,158 679 418,676 328,479 Funds of the charty Restricted funds Unrestricted funds Total charlty funds 5,799 412,876 328,479 328,479 418,675 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small ccrfnpanies. regime. These financial statements were approved by the board of Irustees arKI authorised for issue on 31 March 2025, and are signed on behalf of the board by: Hoseas Avigdor Friedlander Trustee Tho notss on pages 14 to 22 forni part of thesè financial statem•nts. 12 Beenstock Home Management Co. Ltd Company Limited by Guarantee statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operating activities Net incomel{expenditure) 90.197 (51.195) Adjustments for Depreciation of tangible fixed assets other interest receivable and similar inccmne Accrued income 61,204 (1,047) (14,080) 61,538 (121) (9,4611 Changes in." Trade and other debtors Trade and other creditors (32,727) (38.752) 64.795 14,384 (60,8931 (45.748> Cash generated fr¢)m operatTrons Interest received 1,047 121 Net cash froml(used in} operating actNities 65.842 (45,627) Cash flows from investing activities Purchase of tangible assets Net cash used in invesling activities (8,964) <8.964) {4,739) (4,739) Net increaselldecrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents al end of year 56,878 46,806 103,684 (50.366) 97.172 46.806 The notos on pages 14 to 22 fonn part of thesè flnanclal statements. 13 Beenstock Home Management Co. Ltd Company Llmited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General Inf0M￿tIOn The charity is a publr benefrt entity arKI a privale company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Brulimar House, Jubilee Road. Middleton. Manchester, M24 2LX. Statement of compllance These financial statemenls 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 Republ￿ of Ireland (FRS 102) {Charities SORP (FRS 102)) and the Companies Act 20(A. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is thew functional currency of the entity. Going Concern The occupancy rates of the care home remain high and the care home seNices remain in demand. Informed management are controlling costs wherever possible. Grant applications continue successfully and the CiThnmunty fulty supports the continuation of Ihe care home which is a registered ¢hanty. There are no material reasons. with the ￿Ve1 of unrestricted reseNes that thè charity has available, to cast doubt on the ability of the charity lo continue as as a goin9 concern for Ihe foreseeable future. Judgements and key sources of estimation uncertainty In the apPI￿atIon of the charitrfs accounting policies, management and trustees are required to make significant judgements, about the carryTrng value of assets and liabilrtiès that are not readily apparent from other sources. Such judgemenls relate to the treatment of assert purchases and rf they are of a caprtal or revenuelreplacement rk9ture. Management and trustees will use their knowledge and experEnce of Ihe Home to ensure such judgements are fair and consistent with previous judgements of the same category of assets and liability. They are also required to make significant estimates and under￿.ng assumptions relating to depreciation, prepayments. accruals and bad debt provisions. vthich are reviewed on an on-going basis. Revisions to accounting estimates are rewnised in the period in which the estimate is revised where the reVis￿)n affects only that peiiod, or in the pericmj of the revision and future periods where the revision affeds both the current and future pe[￿s. The estimates and associated assumptions are based on on historical experience and other factors thal are considered to be relevant. Actual resums may drffer from these eslimates. 14 Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements {contiffliued) Year ended 31 March 2024 Accounting policies (¢oniinued) Fund accounting Unrestrided funds are available for use at Ihe discrelion of Ihe trustees to further any of the charitys purposes. 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 sub-classes: restricted income funds or endowment funds. Incoming resources All inccming resources are included in the statement of financial actwities when entitlement has passed to the charity,. it is probable that Ihe economic benefits associated wilh the transaction will flow to the charity and the amount can be rel￿ty measured. Thè following specrfic pc4ici8s are applied to particular categories of inccxne: income from donations ￿ grants is reccgnised when there is eviden￿ of entitlement to the gift. receipt is proba)le and its amount can be measured reliably. legacy income is recognised when receipt is probable and entrtlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donaled facilities and seNices are recognised in the accounts when received rf 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 wilh the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spenl on a particular purpose and returned rf unspent, in which case it may be regarded as restricted. 16 Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accountlng policies (conlinued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expermliture includes any VAT which cannot be fulty recovered, and is classrf*d under headings of the stalement of financial activities lo which rt relates.. expenditure on raising furKls includes the costs of all fundraising activities, events. non- charitable trading activit￿S. and the sale of donated gcods. expendrture on charitable activities includes all cosls 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 charty apportioned to charitable activities. other expendtlure includes all expen¢Jiture that is neither related to raising funds for the charity nor part of rts èxpenditure on chantable actwbties. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activty are alk¢ated directty to Ihat activty. Shared costs are apportioned between the activtties they contribute to on a reasonable, justifsable and consislent basis. Tangible assets Tangible assets are inrti8lly recorded at cosl. arKI subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculaled so as to ¥vnle off the cost or ValUa￿n of an asset. less its residual value, over the useful economic lrfe of that asset as folkY￿s. Fixtures and ffttings Building improvements Lift Sefar Torah 200A reducing balance 1011kn straight line 100/0 Straight line 150/0 reducing balan Defined contribution plans Contributions to defined con1r1bu￿n plans are recognised as an expense in the period in which the related servr£ is provided. Prepaid contributions are recognised as an asset to the exlent that the prepayment will lead to a reduction in fLrture payments or a cash refund. Limited by guaranteè The Beens1￿k Home Management Co. Ltd is a registered Charty and a company limiled by guarantee and (loes not have a share capilal. In the event of the charity being wound up members are required to contribute an amount not exceeding £10. 16 Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements (continuod) Year ended 31 March 2024 Donatlons and legacies Unrestr￿ed Funds Restricted Total Funds Funds 2024 Donatlons Donations 2,252 2.252 Legacies Legacies 201,968 201,968 Grants Grants receivable Commission received 18,560 60.900 79,460 222.780 60.900 283,680 Unrestricled Funds Restricted Totsl Funds Funds 2023 Donations Donations 2Q.910 20.910 Legacies Legacies Grants Granls receivable Commission received 1.￿0 4.600 1,000 4,600 26,510 26,510 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Continuing care - NHS Domiciliary Care Residential care Respite care Social Security iesident -Salford Cty Council Supported independant living flats- meals Rent receivable Misc. income 251.831 62.418 366.994 39.291 251.831 62,418 366,994 39,291 177,541 13,492 498,332 49.491 177,541 13,492 498,332 49,491 825.868 825,868 755,811 755,811 93,939 179,853 200 93,939 179,853 2W 48,025 126,748 48,025 126,748 1,820.394 1.820,394 1,669.440 1,669,440 17 Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements iconfrnuedj Year ended 31 March 2024 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 1,047 1.047 121 121 Expenditure on charitable activlties by fund type Unrestricted Funds Restrtted Total Funds Funds 2024 Operating costs Support costs 1,876,388 83,436 1.959.824 48,780 6,321 1,925,168 89,756 55,101 2,014,924 Unreslricted Funds Restricted Total Funds Funds 2023 Operating costs Support costs 1.658.179 89.087 1,658.179 89,087 1.747,266 1.747.266 Expenditure on charitable activities by activity type Aclivities undertaken directly Support costs Total funds 2024 Total fund 2023 Operating Costs Govemance Costs 1.925.168 83.817 5.939 2.008,985 5,939 1,741,565 5.701 1,925.168 89.756 2.014,924 1,747,266 10. Anatysis of support costs Analysis of support costs livity 1 Total 2024 Total 2023 Staff costs General office Governance costs 82,252 82.252 1.564 4,981 81,854 1,533 5,700 4,981 88,797 88,797 89,087 18 Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements I￿n11nu¥dJ Year ended 31 March 2024 11. Net incomel(expenditure} Net incomel(expenditure} is stated after chargingl(credtiing>'. 2024 2023 Depreciath?n of tsngible fixed assets 61,204 61,S38 12. Auditors remuneralion 2024 2023 Fees payable for the audii of the financial statements 4.800 3,840 13. Staff costs The total staff costs and empb)yee benefits for the reporting period are anatysed as foll¢)ws.' 2024 2023 Wages and salaries Social secunty costs Employer Gontributions lo pension plans 1,209,852 78,248 18,928 1.085,638 66,124 18,688 1,170.450 1,307,028 The aVer￿e head count of employees during the year was 60 (2023.. 60). The average number of full-trne equivalent employees during the year is analysed as follows: 2024 No. 2023 Number of carers Number of nurses Number of administratwe staff Number of Housekeepers and krtchen staff 33 33 12 12 60 60 No employee rKeived employee benefits of m(we than £60,￿0 during the year (2023.. Nil). 14. Trustee remuneration and expenses No remuneration or other benefrts from wnplo5Thent the charity or a related entity were received by the trustees. 19 Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements l¢on*nu8(4 Year ended 31 March 2024 15. Tanglble fixed assets Building improvemen ts Sefer Torah Fixtures and ffttings Tolal Cost At 1 April 2023 Additions 311.613 197.819 301,638 30,000 841,070 8,964 At 31 March 2024 320,577 197.819 301.638 30,000 850,034 Depreciation At 1 April 2023 Charge for the year Al 31 March 2024 280.542 8.007 98,436 19,782 118.218 99.387 30,164 129,551 8,325 3.251 486,690 61,204 547,894 288.549 11.576 Carrying amount At 31 March 2024 32.028 79.601 172.087 18,424 21.675 302.140 At 31 March 2023 31.071 99.383 202.251 354.380 16. Debtors 2024 2023 Trade debtors Accrued income Other debtors 69,468 17.746 7.412 42,474 1.679 94,626 44,153 17. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Social security and other tsxes Other creditors 31.180 35.754 11.296 30,901 7,503 14,846 62,931 81,774 116,181 18. Creditors: amounts falling due after more than one year 2024 2023 other credttors 679 Beenstock Home Management Co. Ltd Company Llmited by Guarantee Notes to the Financial Statements I￿ntinued) Year ended 31 March 2024 19. Prepayments 2024 2023 Amount deferred in year 24,585 20. Pensions and other post retirement benefits Defined contributSon plans The amount recognised in income or expendilure as an expense in relat￿n lo defined contribution plans was £18.928 {2023: £18,688). 21. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2023 Income Expendilure General funds 328.479 2,044,221 (1,959.824) 412,876 At 31 March 202 1 April 2022 Inccffie Expenditure General furKIs 379,674 1.6%,071 <1,747,266) 328,479 Restricted funds At 31 March 202 At 1 April 2023 Income Expenditure Delapage Grant Sport England 50.000 10.900 (46.436) (8.665) {55,101) 3,564 2.235 60,900 5,799 Al 31 March 202 At 1 April 2022 Income Expenditure Delapage Grant Sport EnglarKI 21 Beenstock Home Management Co. Ltd Company Limited by Guarantee Notes to the Financial Statements (¢ontinuéd) Year ended 31 March 2024 22. Analysls of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Crediiors less than 1 year Creditors greater than 1 year Net assets 302,140 198,310 (81,774) 302,140 198,310 {81,774) 418,676 418.676 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 354.380 354.380 90,959 90,959 {116,181) (116,181) 1679) {679> 328,479 328.479 23. Analysis of changes in net debt At At 1 Apr 2023 Cash fk)ws 31 Mar 2024 Cash at bank and in hand 46,806 56,878 103.684 24. Related parties The building the Home occupies is owned by Agudas Israel Housing Association (AIHA). AIHA are registered with the Regulator of Social Housing under the Housing and Regeneration Act 2008 {Nn.LH3673) and is a chanty registered under Ihe CtroperatNe and Community Benefit Societies Act 2014 (No.23535R). A management ￿reernent between the AIHA and the charity is for rent of the buildinglHome. Rent per annum is £36.400. paKI quarterly.