2021-06-30-accounts - Rontades Limited

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			Page
Reference and Administrative Details
Report ofthe Trustees			2 to 4
Report ofthe independent Auditors			5 to 6
Consolidated Statement of Financial Activities
Company Statement of Financial Activities
Consolidated Balance Sheet and Charitable	Company	Balance Sheet	9to 10
Consolidated Cash Flow Statement
Notes to the Consolidated Cash Flow Statement			12
Notes to the Consolidated Financial Statements			13to 22

TRUSTEES		N Bleier (Chairman)	N Bleier (Chairman)	N Bleier (Chairman)
		JS Bleier
		I Mett
COMPANY SECRETARY		N Bleier
REGISTERED OFFICE		First Floor
		94 Stamford		Hill
		London
		N16 6XS
PRINCIPAL ADDRESS		Unit 3
		Edge Business Centre
		Humber Road
		London
		NW2 6EW
REGISTERED COMPANY	NUMBER	01637128	(England		and Wales)
REGISTERED CHARITY	NUMBER	1096584
AUDITORS		Sugarwhite		Meyer	Accountants	Ltd
		Chartered	Accountants
		8 Statutory		Auditor
		First Floor
		94 Stamford		Hill
		London
		N16 6XS
BANKERS		Allied Irish		Bank
		202-204 Finchley Road
		London NW3 6BX
		Barclays Bank pic
		1 Churchill		Place
		London
		E145HP

	~Com an	~Percenta
~Com an	Re istration Number	Shareholdin
Hiltona Limited	02877741	100%
Ironhawk Limited	01885811	100%
Twillam Limited	01621763	100%

			F	OR THE Y	EAR ENDED 30J	UNE 2021
						2021	2020
						Unrestricted	Total
						fund	funds
					Notes	F	F
INCOME AND ENDOWMENTS				FROM
Donations and legacies							95,000
Investment income						2,559,240	2,429,835
Other income
Total income						2,559,240	2,524,835
EXPENDITURE ON
Raising funds
Investment management		costs				190,383	232,221
Charitable activities
Charitable activities						3,004,425	1,793,316
Total expenditure						3,194,808	2,025,537
Net gains/(losses) on	investments					60,668	98,587
NET INCOME/(LOSS)		BEFORE		TAXATION		(574,900)	597,885
Taxation
NET INCOME/(LOSS)		AFTER TAXATION				(574,900)	597,885
Attributable to non-controlling			interest			(66,635)	(63,559)
NET MOVEMENT IN	FUNDS					(641,535)	534,326
RECONCILIATION OF		FUNDS
Total funds brought	forward					28,396,581	27,862,255
TOTAL FUNDS CARRIED FORWARD						27,755,046	28,396,581

		F	OR THE	YEAR ENDED 30J	UNE 2021
					2021	2020
					Unrestricted	Total
					fund	funds
				Notes	F	F
INCOME AND ENDOWMENTS			FROM
Donations and legacies						95,000
Investment income					2,193,320	2,186,905
Total income					2,193,320	2,281,905
EXPENDITURE ON
Raising funds
Investment management		costs			53,812	44,984
Charitable activities
Charitable activities					2,836,965	1,776,096
Total expenditure					2,890,777	1,821,080
Net gains/(losses) on	investments					1,467
NET MOVEMENT IN	FUNDS				(697,457)	462,292
RECONCILIATION OF		FUNDS
Total funds brought	forward				22,380,877	21,918,585
TOTAL FUNDS CARRIED FORWARD					21,683,420	22,380,877

		Group	Group	Company	Company
		2021	2020	2021	2020
	Notes
FIXEDASSETS
Investments	12	10,352,833	9,858,990	7,631,989	7,132,117
Investment property	13	17,824,833	17,824,833	5,837,338	5,837,338
		28,177,666	27,683,823	13,469,327	12,969,455
CURRENT ASSETS
Debtors	14	2,564,004	2,749,098	7,950,743	8,153,365
Cash at bank and in hand		607,033	1,715,593	320,745	1,310,345
		3,171,037	4,464,691	8,271,488	9,463,710
CREDITORS Amounts falling due within one year	15	~1,452, 892	~1,525,842	~57,995	~52,288
NET CURRENT ASSETS		1,718,145	2,938,849	8,214,093	9,411,422
TOTAL ASSETS LESSCURRENT
LIABILITIES		29,895,811	30,622,672	21,683,420	22,380,877
CREDITORS
Amounts falling due after more than	one
year	16	(741,870)	(852,887)
Provisions for liabilities	18	~652,789)	~652,789
NET ASSETS		28,501,152	29,116,996	21,683,420	22,380,877
Non-controlling interest		~746,106	~720,415
NET ASSETSATTRIBUTABLE TO
THE PARENT CHARITABLE COMPANY		27,755,046	28,396,581	21,683,420	22,380,877
FUNDS OF THE CHARITY
Unrestricted funds	18	22,883,206	23,552,141	21,584,707	22,282,164
Fair value reserve	18	4,871,840	4,844,440	98,713	98,713
TOTAL CHARITY FUNDS		27,755,046	28,396,581	21,683,420	22,380,877

			2021	2020
		Notes
Cash flows from operating	activities
Cash generated from operations Interest paid			(1,001,516) ~16,152)	893,186 ~23,907)
Net cash provided by (used in) operating
activities			~1,017,668)	869,279
Cash flows from investing	activities
Purchase offixed asset investments			(1,339,433)	(1,282,219)
Purchase of investment property				(18,432)
Sale offixed asset investments			878,858	930,802
Sale of investment property			27,400	61,440
Interest received			342,283	236,984
Net cash used in investing activities			~90,892)	~71,425)
Change in cash and cash equivalents		in the
reporting period			(1,108,560)	(797,854)
Cash and cash equivalents	at the
beginning ofthe reporting	period	2	1,715,593	917,739
Cash and cash equivalents	at the end
ofthe reporting period		2	607,033	1,715,593

				2021	2020
Net income for the	reporting	period (as per the statement	of
Financial activities)				(615,844)	557,328
Adjustments for:
Gains on investments				(33,268)	(82,984)
Interest paid				16,152	23,907
Interest received				(342,283)	(236,984)
(Gains)/losses on investment		assets		(27,400)	(15,603)
Decrease/(increase) Decrease in creditors	in debtors			185,094 ~163,967)	782,591 ~135,069)
Cash generated from operations				~1,001,516)	893,186

respe	ct ofthese Balance Sheet amounts:
Year	ended 30June 2021
		30.6.21	1.7.20
		F	F
Cash	and cash equivalents	607,033	1,715,593
Year	ended 30June 2020
		30.6.20	1.7.19
		F	F
Cash	and cash equivalents	1,715,593	917,739

					Company
			2021	2020	2021	2020
Property	expenditure		142,530	171,727	47,398	38,232
Bank interest		payable	16,152	23,907
Administrative		expenses	31,701	36,587	6,414	6,752
			190,383	232,221	53,812	44,984

5.	CHARITABLE	ACTIVITIES	COSTS
	Group

Charitable	activities
Company
Charitable	activities

Grant
funding of	Support
activities	costs	Totals
(See note 6)	(See note 7)
f.	f.	f.
2,975,411	29,014	3,004,425
Grant
funding of	Support
activities	costs	Totals
(See note 6)	(See note 7)
2,825,411	11,554	2,836,965

GRANTS PAY	AB	LE
					Group	Company
				2021 f.	2020 f.	2021 f.	2020 f
Grants				2,975,411	1,763,181	2,825,411	1,763,181
All grants were	institutional		and are	as follows:
						2021	2020
Advancement	of religion					1,625,161	858,640
Advancement	ofeducation					61,840	43,935
Relief of poverty						211,060	831,436
Social Welfare						8,700
Medical						2,000
General purpose						1,066,650	29,170
						2,975,411	1,763,181
Recipients of institutional			grants:
United Talmudical		Association				1,410,000
Asser Bishvil						950,000
YLT						100,000
Greatgreen Limited						150,000
Broom Foundation						62,000
Chevras Mo'oz Ladol						56,630
Achisomoch						51,000
NRST						45,000
Other grants (below f40,000)						150,781
						2,975,411

			Group		Company
			Governance	costs	Governance	costs
			2021 f.	2020 f.	2021 f.	2020 f
Support	costs		29,014	30,135	11,554	12,915
Support	costs, included	in the above, are as follows:
			Group		Company
			2021	2020	2021	2020
Bank charges			199	222	199	222
Auditors'	remuneration		7,920	7,920	7,920	7,920
Auditors' remuneration Legal fees General expenses		for non audit work	20,100 240 555	20,100 240 1,653	2,880 2,880 240 555,1,653
			29,014	30,135	11,554	12,915

						Group		Company
						2021	2020	2021	2020
Gain	on	disposal of	investment	assets		33,268	82,984		1,467
Gain	on	revaluation	of investment		property	27,400	15,603
						60,668	98,587	1,467	1,467

Group
	Unlisted
	Investments
	f.
COST
At 1 July 2020	9,858,990
Additions Distributions	1,339,433 ~845,590)
At 30June 2021	10,352,833
NET BOOK VALUE
At 30June 2021	10,352,833
At 30June 2020	9,858,990

Company
	Shares in
	group	Unlisted
	undertakings	investments	Totals
COST
At 1 July 2020	104	7,132,013	7,132,117
Additions		955,716	955,716
Disposals		~455,844)	~455,844)
At 30June 2021	104	7,631,885	7,631,885
NET BOOK VALUE
At 30June 2021	104	7,631,989	7,631,989
At 30June 2020	104	7,132,013	7,132,117

Registered number: Nature of business:	Registered number: Nature of business:	0287774 Property	1 Investment
Class ofshares:				holding
Ordinary				100.00
					31.3.21	31.3.20
Aggregate capital and reserves Profit/(Loss) for the year					439,141 ~4,591)	443,732 22,359
Ironhawk	Limited
Registered	number:	01885811
Nature of business:		Property	Investment
Class ofshares:				holding
Ordinary				100.00
					30.6.21	30.6.20
					F	F
Aggregate	capital and reserves				3,143,901	3,143,901
Profit for the year
Twillam Limited
Registered	number:	01621763
Nature of business:		Property	Investment
Class ofshares:				holding
Ordinary				100.00
					5.4.21	5.4.20
Aggregate	capital and reserves				4,566,371	4,533,257
Profit/(Loss) for the		year			33,114	34,072
Rotherham	Estate	Co (Syndicate)
				holding
				100.00
					31.3.21	31.3.20
					F	F
Aggregate	capital and reserves				1,357,766	1,238,728
(Loss)/profit for the		year			119,038	119,192
Swiss Cottage Estate Co (Syndicate)
				holding
				65.00
					31.3.21	31.3.20
Aggregate	capital and reserves				2,131,397	2,057,993
(Loss)/profit for the		year			190,384	181,596

INVESTMENT PROPERTY
Group
	Total
	F
FAIR VALUE
At 1 July 2020	17,824,833
Additions
Disposals	(27,400)
Revaluations	27,400
At 30June 2021	17,824,833
NET BOOK VALUE
At 30June 2021	17,824,833
At 30June 2020	17,824,833

Company
	Total
FAIR VALUE
At 1 July 2020	5,837,338
Additions
At 30June 2021	5,837,338
NET BOOK VALUE
At 30June 2021	5,837,338
At 30June 2020	5,837,338

DEBTO	RS:AMOUNTS FALLING D	UE WITHIN ONE	YEAR
			Group	Company
		2021	2020	2021	2020
Amounts	owed by subsidiaries			5,779,704	6,004,133
Other debtors		2,564,004	2,749,098	2,171,039	2,149,232
		2,564,004	2,749,098	7,950,743	8,153,365

										Group		Company	Company
									2021 f.		2020 f.	2021 f.	2020 f
	Bank loans (secured)								71,530		65,734
	Other creditors								1,324,979	1,396,975		46,595	41,488
	Accruals and deferred				income				56,383		63,133	10,800	10,800
									1,452,892	1,525,842		57,395	52,288
16.	CREDITORS:		AMOUNTS FALLING					DUE AFTER MORE THAN ONE
	YEAR
												Group
												2021	2020
	Bank loans (see note				17)							741,870	852,887
	The bank	loans	are secured			by	legal	charges over certain of			the groups'	properties and a	personal
	guarantee	from	two of		the Trustees.
17.	LOANS
	An analysis of		the maturity			of loans is given			below:
												Group
												2021 f.	2020 f
	Amounts	falling due			between		two	and
	five years:
	Bank loans - 2-5 years											287,448	278,920
	Amounts	falling due			in more		than	five
	years:
	Repayable	by	instalments
	Bank loans more than				5years by instalments							454,422	573,967
18.	PROVISIONS		FOR LIABILITIES
												Group
												2021	2020
	Balance at	beginning		ofthe		year						652,789	652,789
	Charge/(credit)		for the	year
	Balance at	end	ofthe	year								652,789	652,789

				Incoming	Resources	Transfers	Minority
			At 1.7.20	resources	expended	and gains	interest	At 30.6.21
	F		F	F	F	F	F	F
Unrestricted		funds
General	fund		23,552,141	2,559,240	(3,194,808)	33,268	(66,635)	22,883,206
Fair value reserve			4,844,440			27,400	-	4,871,840
TOTAL	FUNDS		28,396,581	2,559,240	(3,194,808)	60,668	(66,635)	27,755,046

				Incoming	Resources	Gains and
			At 1.7.20	resources	expended	losses	At 30.6.21
	F		F	F	F	F
Unrestricted		funds
General	fund		22,282,164	2,193,320	(2,890,777)		21,584,707
Fair value reserve			98,713				98,713
TOTAL	FUNDS		22,380,877	2,193,320	(2,890,777)		' 21,683,420