| Pages | ||||
|---|---|---|---|---|
| Trustees' annual report |
{incorporating the director's | report) | 1to 5 | |
| Independent auditor's report to the |
trustees | 6to 11 | ||
| Consolidated statement |
offinancial | activities | 12 | |
| Consolidated statement |
offinancial | position | 13 | |
| Statement offinancial position |
13a | |||
| Consolidated statement |
ofcash flows | 14 | ||
| Notes to the consolidated | financial | statements | 15to 23 |
| Reference | Reference | and administrative | and administrative | and administrative | details | ||
|---|---|---|---|---|---|---|---|
| Registered | charity | name | Greatgreen | Limited | |||
| Charity | registration | number | 1096261 | ||||
| Company | registration | number | 4465512 | ||||
| Principal | office and | registered | Unit 3 Edge | Business Centre | |||
| office | Humber Road |
||||||
| London | |||||||
| NW2 6EW | |||||||
| The trustees | |||||||
| N Bleier | |||||||
| H Bleier | |||||||
| Auditor | Haffner Hoff Ltd | ||||||
| Accountants | 8 statutory | auditor | |||||
| 2nd Floor - Parkgates | |||||||
| Bury New Road | |||||||
| Prestwich | |||||||
| Manchester | |||||||
| M25 OTL |
| 2022 | 2022 | 2021 | |||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Total funds | Total funds | |||
| Note | |||||
| Income and endowments | |||||
| Donations and legacies Investment income |
5 6 |
362,507 371,070 |
362,507 371,070 |
222,512 327,196 |
|
| Total income | 733,577 | 733,577 | 549,708 | ||
| Expenditure | |||||
| Expenditure on charitable |
activities | 7,8 | 331,954 | 331,954 | 430,776 |
| Total expenditure | 331,954 | 331,954 | 430,776 | ||
| Net income | 401,623 | 401,623 | 118,932 | ||
| Other recognised gains and losses |
|||||
| Gains from revaluation offixed assets |
1,808,426 | 1,808,426 | |||
| Net movement in funds |
2,210,049 | 2,210,049 | 118,932 | ||
| Reconciliation offunds |
|||||
| Total funds brought forward |
4,613,673 | 4,613,673 | 4,494,741 | ||
| Total funds carried forward | 6,823,722 | 6,823,722 | 4,613,673 |
| 31 March 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Note | ||||||||
| Fixed assets | ||||||||
| Investments | 13 | 6,517,845 | 4,653,446 | |||||
| Current assets | ||||||||
| Debtors | 15 | 12,507 | ||||||
| Cash at bank and | in | hand | 691,625 | 403,011 | ||||
| 704,132 | 403,011 | |||||||
| Creditors: amounts | falling | due within one year | 16 | 398,255 | 442,784 | |||
| Net current assets | 305,877 | (39,773) | ||||||
| Total assets less | current | liabilities | 6,823,722 | 4,6'I 3,673 | ||||
| Net assets | 6,823,722 | 4,613,673 | ||||||
| Funds ofthe charity | ||||||||
| Unrestricted funds: |
||||||||
| Revaluation | reserve | 1,808,426 | ||||||
| Other unrestricted | income funds | 5,015,296 | 4,613,673 | |||||
| Total unrestricted | funds | 6,823,722 | 4,613,673 | |||||
| Total charity funds | 17 | 6,823,722 | 4,613,673 |
| 31 March | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Note | ||||||||
| Fixed assets | ||||||||
| Investments | in subsidiaries | 1 | 1 | |||||
| Investments | 13 | 6,395,119 | 4,191,158 | |||||
| Non current | assets | |||||||
| Debtors | 15 | 461,655 | 462,288 | |||||
| Current assets | ||||||||
| Debtors | 15 | 12,507 | ||||||
| Cash at bank | and | in | hand | 691,625 | 403,012 | |||
| 1,165,787 | 867,656 | |||||||
| Creditors: amounts | falling | due within one year | 16 | 396,664 | 440,864 | |||
| Net current assets | 769,123 | 426,792 | ||||||
| Total assets | less | current | liabilities | 7,164,243 | 4,617,951 | |||
| Net assets | 7,164,243 | 4,617,951 | ||||||
| Funds ofthe charity | ||||||||
| Unrestricted funds |
7,164,243 | 4,617,951 | ||||||
| Total charity | funds | 17 | 7,164,243 | 4,617,951 |
| 2022 | 2021 | ||
|---|---|---|---|
| Cash flows from operating activities |
|||
| Net income | 401,623 | 118,932 | |
| Adjustments for: |
|||
| Dividends, interest and rents from investments Other interest receivable and similar income Accrued expenses |
(371,070) 471 |
(326,818) (378) 5,824 |
|
| Changes in: | |||
| Trade and other debtors Trade and other creditors |
(12,507) (45,000) |
4,276 (340,000) |
|
| Cash generated from operations |
(26,483) | (538,164) | |
| Interest received | 378 | ||
| Net cash used in operating activities |
(26,483) | (537,786) | |
| Cash flows from investing activities |
|||
| Dividends, interest and rents from investments Purchases ofother investments |
371,070 (55,973) |
326,818 (81,369) |
|
| Net cash from investing activities |
315097 | 245,449 | |
| Net increase/(decrease) in cash and cash Cash and cash equivalents at beginning |
equivalents ofyear |
288,614 403,011 |
(292,337) 695,348 |
| Cash and cash equivalents at end ofyear |
691,625 | 403,011 |
| member in the event ofw Donations and legacies |
inding up is limited to E1. |
|||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 f |
Funds | 2021 | |
| Donations | ||||
| Donations | 362,507 | 362,507 | 222,512 | 222,512 |
| Unrestricted | TotaiFunds | Unrestdcted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| E | E | ||||
| Rent (wholly owned properties) | 5,327 | 5,327 | 5,327 | 5,327 | |
| Surplus | on joint property syndicates | 365,743 | 365,743 | 321,491 | 321,491 |
| Bank interest receivable | 378 | 378 | |||
| 371,070 | 371,070 | 327,196 | 327,196 |
| Expenditur | e on charitable a |
ctivities by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| E | F | ||||
| Charitable | activities | 323,660 | 323,660 | 419,550 | 419,550 |
| Support costs | 8,294 | 8,294 | 11,226 | 11,226 | |
| 331,954 | 331,954 | 430,776 | 430,776 |
| Expenditu | re | on charitable a |
ctivities by ac |
tivity type | |||
|---|---|---|---|---|---|---|---|
| Grant | funding | Support | Total funds | Total fund | |||
| of | activities | costs | 2022 | 2021 | |||
| E | |||||||
| Charitabie activities Governance costs |
323,660 | 8,294 | 323,660 8,294 |
419,550 11,226 |
|||
| 323,660 | 8,294 | 331,954 | 430,776 |
| 9. | Analysis ofgran | ts | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | ||||||
| Grants to institutions | ||||||
| Chesed Charity Trust Chevras Mo'oz Ladol |
70,000 50,000 |
|||||
| Keren Nissuin (Mislonim) |
10,000 | |||||
| United Talmudical | Associates | Ltd | 300,000 | 200,000 | ||
| Yesarnach Levav Yeshiva Gedolah Grants F5,000 or |
Torah Veyirah Seven Oaks below |
Ltd | 13,660 | 50,000 30,000 19,550 |
||
| 323,660 | 419,550 | |||||
| Total grants | 323,660 | 419,550 | ||||
| The grants were | in line with the objects ofthe | charity. | ||||
| 10. | Auditors remuneration |
|||||
| 2022 | 2021 | |||||
| E | ||||||
| Fees payable for |
the audit of | the consolidated | financial statements | 3,600 | 3,500 |
| Investments | |||
|---|---|---|---|
| Investment | Other | ||
| properties | investments | Total | |
| E | F | ||
| Cost or valuation | |||
| At 1 April 2021 | 410,000 | 4,243,446 | 4,653,446 |
| Additions Fair value movements Other movements |
(30,000) | 365,743 1,838,426 (309,770) |
365,743 1,808,426 (309,770) |
| At 31 March 2022 | 380,000 | 6,137,845 | 6,517,845 |
| Impairment | |||
| At 1 April 2021 and 31 March 2022 | |||
| Carrying amount |
|||
| At 31 March 2022 | 380,000 | 6,137,845 | 6,517,845 |
| At 31 March 2021 | 410,000 | 4,243,446 | 4,653,446 |
| Subsidi | aries | and other investm | ents | ||||
|---|---|---|---|---|---|---|---|
| Percentage | |||||||
| Class of | ofshares | ||||||
| Registered | office | share | held | ||||
| Subsidiary | undertakings | ||||||
| Unit 3Edge | Business | ||||||
| Mantex | Ltd | Centre | Ordinary | 100 | |||
| Humber | Road | ||||||
| London | |||||||
| NW2 6EW |
| The results | The results | for subsidiaries | and other undertakings | are as follows: | are as follows: | |||
|---|---|---|---|---|---|---|---|---|
| Capital | and reserves | Profit/(loss) | for the year | |||||
| 2022 | 2021 | 2022 | 2021 | |||||
| E | E | |||||||
| Subsidiary | undertakings | |||||||
| Mantex | Ltd | (1) | 13,181 | 13,182 | (10,874) | |||
| 15. | Debtors | |||||||
| 2022 | 2021 | |||||||
| Other debtors | 12,507 |
| Creditors: amounts f |
alling due within one year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| F | F | ||
| Accruals and deferred | income | 14,755 | 14,284 |
| Other creditors | 383,500 | 428,500 | |
| 398,255 | 442,784 |
| Unrestri | cted | funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| At | |||||||||
| At | Gains and | 31 March | 20 | ||||||
| 1 | April 2021 | Income | Expenditure | losses | 22 | ||||
| F | E | F | F | ||||||
| General | funds | 4,613,673 | 733,577 | (331,954) | 5,015,296 | ||||
| Revaluation | reserve | 1,808,426 | 1,808,426 | ||||||
| 4,613,6?3 | 733,577 | (331,954) | 1,808,426 | 6,823,722 | |||||
| At | |||||||||
| At | Gains and | 31 March | 20 | ||||||
| 1 | April 2020 | Income | Expenditure | losses | 21 | ||||
| F | F | E | |||||||
| General | funds | 4,494,741 | 549,708 | (430,776) | 4,613,673 | ||||
| Revaluation | reserve | ||||||||
| 4,494,741 | 549,708 | (430,776) | 4,613,673 |
| 18. | Analysis of net a | ss | ets between funds |
|||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | |||||
| Funds | 2022 | |||||
| E | ||||||
| Investments | 6,517,845 | 6,517,845 | ||||
| Current assets | 704,132 | 704,132 | ||||
| Creditors less than | 1 | year | (398,255) | (398,255) | ||
| Net assets | 6,823,722 | 6,823,722 | ||||
| Unrestricted | Total Funds | |||||
| Funds | 2021 | |||||
| F | E | |||||
| Investments | 4,412,578 | 4,412,578 | ||||
| Current assets | 1,144,575 | 1,144,575 | ||||
| Creditors less than | 1 | year | (440,864) | (440,864) | ||
| Net assets | 5,116,289 | 5,116,289 | ||||
| 19. | Analysis ofchanges | in net debt | ||||
| At | ||||||
| At 1 Apr 2021 | Cash flows | 31 IVlar 2022 | ||||
| F | E | f. | ||||
| Cash at bank and | in | hand | 403,011 | 288,614 | 691,625 |