CHARITY REGISTRATION NUMBER: 1101843 THE A. IL TRUST FINANCIAL STATEMENrs 31 MARCH 2024 COHEN ARNOLD Chartered accountants& statutory auditor New Burlington House 1075 Finchley Road London NWII OPU
THE A. H. TRUST FINANCIAL STATEMENrs YEAR ENDED 31 MARCH 2024 Page Trustees, annual rep)rt Independent auditor's report to the metnbers Statement of financial activities 10 Statement of financial position Notes to the financial statements 11 12
THE A. H. TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2024 The trustees present their report and the financial statements of the charity for the year ended 31 March 2024. Reference and administrative details Registered charity name Charity registration number Principal office The A. Il Trust 1101843 9 Danescroft Avenue London NW4 2NB The trustees E Smith Mr A Grossnass Ms S T Smith Auditor Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London Nwii OPU
THE A. H. TRUST TRUSTEES, ANNUAL REPORT (toRlinued) YEAR ENDED 31 MARCH 2024 Structure? governance and rnanagement Governing document The official name of the charity is The A. H. Trnst. The charity is governed by its Trust Deed and was formed on the 22 DeceTnber 2(K13. The charity was registered with the Charity Commission on the 30 January 2(K)4. Appointrnent. Training and Recruitment of Trustees All current trustees are honorary members. The trustees administer the day-to4ay affairs of the charity. It is not the intention of the trustees of the charity to appoint anyadditional tn]stees. Should the situation change in the future, the trustees will apply suitable rectuitment training and induction procedures. None of the trustees have any beneficial interest in the charity. Risk management The tn]stees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to mitigate those risks. Financial risk management and policies The charity holds or issues financial instruments in order to achieve two main objectives being: a) the finance of its operations and b) to generate funds. addition various financial instruments (e.g. other debtors. other creditors, accruals and prepayments) arise directly from the charity's operations. Credit risk The charity monitors credit risk closely and considers ihat its current policies of credit risk checks meets its objectives of managing exposure to credit risk. Amounts shown in the balance sheet represent the maximum credit exposurein the event other parties fail to perforni their obligations under the financial instruments. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
THE A. H. TRUST TRUSTEES, ANNUAL REPORT (¢onliniied) YEAR ENDED 31 MARCH 2024 Objectives and activities The objectives for which the charity is established are as follows: ( l) the advancement and promotion of the Jewish religion including the provision of instruction or edification of the public in all its aspects and in any part of the world. (2) the relief of aged. vulnerable and impoverished peisons of all ages in any part of the world. (3) the advancement of education and learning andlor establishment andlor support of schools and other institutions of Jewish learning including the establishment and supwjrt of colleges and educational establishments in all parts of the world. The trustees confirni that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aim and objectives and in planning future activities and setting the grant making policy for the year. This charity makes grants and donations to other chatitable organisations. which accord with the objects of the charity, and to needy individuals in the community. In doing so. the charity has complied with its duty to act for public benefit in accordance with section 4 of the Charities Act 2006. Achievements and perforniance The main areas of charitable activity are the provision of financial support to Jewish organisations engaging in education. advancement of reliOn in accordance with the Jewish faith and the granting of philanthropic aid to Jewish needy. Financial review The charity is solely dependent upon donations from individuals and other charitable organisations. The demands on the charity's funds were within expectations. tn the year ended 31 March 2024, grants made totalled £214,794 (2023- £226,315). Reserves Poliey It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trnstees think appropriate after considering the future commitments of the charity and the likely governance costs of the charity for the next year. The activities of the charity are supported by the trustees. who have agreed to advance funds to enable the charity to continue its activities. The trustees have given written assurances that they would not request the funds owed until such times when the charity has sutplus funds. Investment Poivers, Policy and Objectives tn accordance with the trust deed, the trnstees have the power to make any investment which the trnstees see fit. The trustees regularly review the charity's position and needs in respect of the investmeni policy. Plans for future periods The charity plans continuing the activities outIined above in the forthcolning years subject tosatisfactory incoming resource8.
THE A. H. TRUST TRUSTEES, ANNUAL REPORT ( c&inUed) YEAR ENDED 31 MARCH 2024 Trustees, responsibilities statement The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity mistees to prepare financial statements for each year which give a trne and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statetrrnts. the trustees are required to: select suitable accounting policies and then apply them consistently" observe the methods and principles in the applicable Charities SORP- nuke judgments and accounting estimates that are reasonable and prudent" prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trnstees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking ieasonable steps for the prevention and detection of fraud and other irregularities. The trustees, annual report was approved on 18 December 2024 and signed on behalf of the board of ISteeS by: OD¢¥SW tyy: t$56E24DOA0043e.. Mrs E Smith Trustee
THE A. H. TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE A. H. TRUST YEAR ENDED 31 MARCH 2024 Opinion We have audited the financial statetnents of The A. H. Trust (the 'charity) for the year ended 31 March 2024 which comprise the statement of financial activities. statement of financial positlon and the related notes, including a sumtnary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK aDd Republic of Treland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2024 2nd of its incoming resources and application of resources. including its income and expenditure. for the year then ended- have been properly prepared in accordance with Unital Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ConcIlonS relating to going concern tn auditing the financia] statements. we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfornd. we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue as 2 going concern for a period of at I$t twelve months frotn when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
THE A. H. TRUST KNDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE A. H. TRUST (Conliiiued) YEAR ENDED 31 MARCH 2024 Other inforniation The other inforn]ation comprises the infonnation included in the annual report. other than the financial statement% and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not express any fotm of assurance conclusion thereon. connection with our audit of the financial statements, our responsibility is to read the other inforn)ation and, in doing so. consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially tnisstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material Tnisstalement in the financial statements or a material mis.8tatement of the other infonnation. If. based on the work we have perfonned, we conclude that there is a material misstatement of this other infornution. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception Jn the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if. in our opinion: the information Ven in the trustees, report is inconsistent in any material respect with the financial statements. or adequate accounting e0rdS have not been kept. or the financial statements are nol in agreement with the accounting records and returns. or we have not received all the inforniation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement. the trustees arc responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees deterniine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preP(lg the financial statetnents. the tn]stees are responsible for assessing the charity's ability to continue as a going concern, disclosing. as applicable. mallers related to going concern and using the going concern basis of accounting unless the trustees either inlend to liquidate the charity or to cease operations. or have no realistic alternative but to do so.
THE A. H. TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE A. H. TRUST (coRliRued) YEAR ENDED 31 MARCH 2024 Auditor's responsibilAties for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from malerial misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always 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 expected to influence the economic decisions of users taken on the basis of these financia] statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. (o detect material misstateTnents in respect of irregularities. including fraud. The exlent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity thiough discussion with the trustees and ideJ)tified which were most significant with respect to the financial statements. We identified financial reporting legislation (including related companies legislation). taxation legislation, landlord legislation. and anti-bribery legislation as being most significant to these financial statements. We communicated these identified frameworks amongsl our audit team and remained alert to any indications of non- compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recOlse non-compliance with laws and regulations. We discussed with the trustees the policies and procedures regarding conu)liance with these legal and regulatory frameworks. We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation phases of our audit. The susceptibility to such Tnaterial misstatement was deterniined to be low. Based on this understanding we designed our audit procedures to identify non-compliance with the identified legal and regulatory fratneworks. which were part of our procedures on the related financial statement items. Our procedures included reviewing the charity's internal controls policies and procedures. correspondence with regulatory bodies including HMRC, testing transactions outside the nomlal course of the business and journal entries. and discussions with the trustees and senior management. Owing to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected sotne material misstatements in the financial statements. even though we have properly planned and performed our audit in accordance with auditing standards. For example. the further retnoved non-compliance with laws and regulations (irregularilies) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit. there relnained a higher risk of non-detection of irregularities. as these may involve collusion, forgery, intentional omissions. misrepresentations. or the override of internal coT)trols. We are not responsible for preventing non- compliance and cannot be expected to detect non-compliance with all laws aud regulations.
THE A. H. TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE A. H. TRUST (conlinued) YEAR ENDED 31 MARCH 2024 As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material Tnisstatement of the Iinancial statements, whether due to fraud or effor. design and perforn) audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstateTnent resulting from fraud is higher than for one resulting from effor. as fraud Tnay involve collusion. forgery, intentional omissions. misrepresentations. or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accouDting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trnstees. use of the going concern basis of accounting and. based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or. if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However. future events or conditions may cause the charity 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 presentation.
THE A. H. TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE A. H. TRUST (¢ontiRtted) YEAR ENDED 31 MARCH 2024 We communicate with those charged with governance regarding. among other matters, the planned scope and timing of the audit and significant audit fmdings. including any SIlfiCant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members, as a body. in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertakeD so that we might state to the charitys members those matters we are required to state to them in an audltorfs report and for no other puryose. To the fullest extent perniitted by law. we do not accept or assume Tesponsibility to anyone other than the charlty and the charity's members as a body, for our audit work. for this report, or for the opinions we bave forn]ed. Dov Harris FCA (Senior Statutory Auditor) For and on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London NWII OPU 18 December 2024
THE A. H. TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 2024 2023 Unrestricted funds Total funds Total funds Note Income and endowments Donations and legacies Investment income 37,600 317.828 37,600 317,828 355,428 2.385 208.977 Total income 355,428 211.362 Expenditure Expenditure on raising funds: ]JTrvestment management costs Expenditure on charitable activities Total expenditure (861.539) (861,539) (120.707) 7* (219.074) (219,074) (229.915) (1.080.613) (1,080,613) (350,622) Net losses on investments 10 (43,289) Net expenditure and net movement in funds (725.185) (725,185) (182,549) Reconciliation of funds Total funds brought forward Total funds carried forward 1,054.871 329.686 1.054,871 329,686 ,237,420 1,054,871 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 12 to 18 form part of these financial Statents. io-
THE A. H. TRUST STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 Note Fixed assets Tangible fixed assets Current assets Debtors Cash at bank and in hand 15 6548505 6,548.505 16 25,0 35206 25.(X)O 33,358 58.358 60,206 Creditors: amounts falling due within one year 17 (2279,025) (1,551.992) Net current liabilities (2,218,819) (1.493.634) 5.054.871 Total assets less current liabilities 4329,686 Creditors: amounts falling due after more than one year Net assets 18 (4.0(M),000) 329,686 (4,o.11)0) 1.054.871 Funds of the charity Unrestricted funds 329,686 329,686 1,054.871 1,054,871 Total charity funds 20 These financial statements were approved by the board of trustees and authorised for issue on 18 December 2024, and are signed on behalf of the board by: •¢uSlgnd by.. 155OE24DOA004X. Mrs E Smith Trustee The noto$ 00 pages 12 to 18 forni part these futhDcial stattnnt li-
THE A. H. TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 General inforniation The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 9 Danescroft Avenue. London, NW4 2NB, England. Statement of cornpliance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of RecomTnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. as Tnodified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earn)arked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the tern of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 12-
THE A. H. TRUST NOTES TO THE FINANCIAL STATEMENTS (COntined) YEAR ENDED 31 MARCH 2024 Accounting policies (co1ed} Incoming resources All incoming resources are included in the statement of fin2ncial activities when entitlement has passed to the chatity. it is probable that the economic benefjts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specifjc policies are applied to particular categories of income: incolne from donations 01 grants is recognised when there is evidence of entitIement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt És probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if 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 with the delivery of the contracted service. This is classified as unrestricted funds unless the is a contractual requirement for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted. Resources expended Expenditure is recogmised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates- expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs 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 charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. T2ngible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairnient losses. Any tangible assets Caled at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accurnulated impairnient losses. 13-
THE A. H. TRUST NOTES TO THE FINANCIAL STATEMENTS IcoThiinued) YEAR ENDED 31 MARCH 2024 Accounting poIicies (conlinued) Tangible assets (tonlinued) An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses. unless it reverses a charge for impainnent that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Inv£stments Unlisted equity investments are initially recorded at cost. and subsequently measured at fair value. If fair value cannoi be reliably Tmsured, assets are measured at cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in incoTne or expenditure. Impairnient of fixed assets A review for indicators of impairment is carried out at each reporting date. with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impainnents are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impainnent testing of goodwill. the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergles of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Donations and legacies Unrestricted Total Funds Unrestricted Toial Funds Funds 2024 Funds 2023 Donations Donations received 37.6(M) 37,(rf)O 2J85 2.385 Donations received in the year include an amount of £17,(XK) from a trustee of the chatity. Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Income from investment properties 317.828 317,828 208,977 208.977 14-
THE A. H. TRUST NOTES TO THE FINANCIAL STATEMENTS (con¢iw¥d) YEAR ENDED 31 MARCH 2024 Investment management costs Unrestricted Total Funds Unrestricted Total Funds Funds 202A Funds 2023 Repairs and maintenance l£gal and professional Insurance Ground rents and service charges Light and heat Management fees Interest payable 13.556 2,810 964 33.(K)9 13,556 2010 964 33,9 39,312 589 857 46.951 1.318 31.680 39.312 589 857 46,951 1.318 31,680 31,200 780.(J)O 31200 780,000 861.539 861539 120.707 120,707 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 202A Funds 2023 Donations paid Support costs 214,754 4.320 214,754 4?20 219,074 226.315 3.600 226.315 3.600 219,074 229.915 229,915 Expenditure on charitable activities by activity type Grant funding of activities Support costs Total funds 2024 Total fund 2023 Donations paid Governance costs 214.754 214754 4J20 219,074 229,915 4,320 214,754 4.320 229,915 Analysis of support costs Accountancy fees Total 2024 Total 2023 Support costs 4.320 4J20 3.600 10. Net losses on investments Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 G2insl(losses) on other investment assets (43,289) (43.289) 15-
THE A. H. TRUST NOTES TO THE FINANCIAL STATEMENTS ( conlinued) YEAR EIYDED 31 MARCH 2024 11. Net expenditure Net expenditure is stated aftei chargingl(crediting): 202A 2023 Fees payable for the audit of the financial statements 1000 12. Independent examination fees 2024 2023 Fees payable to the independent examiner for: ]ndependent examination of the financial statements 1,800 13. Staff costs The average head count of employees during the year was Nil (2023: Nil). No employee received employee benefits of more than £60.(X)O during the year (2023: Nil). 14. Trustee remuneration and expenses No trustee received any Temunderation during the year. The charity did not meet any individual expenses incurred by the trnstees for services provided to the charity. 15. Tangible fixed assets Land and buildings Cost At l April 2023 and 31 March 2024 Depreciation At l April 2023 and 31 March 2024 CarryiDg amount At 31 March 2024 6548,505 6548,505 6.548.505 At 31 March 2023 The property has been valued by the tnistees, together with external professional RICS surveyors. who have extensive knowledge of the property Mke1. 16-
THE A. H. TRUST NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2024 16. Debtors 2024 2023 Other debtors 25,000 25.WO 17. Creditors: amounts falling due within one year 202A 2023 Accruals and deferred income Other creditors 783,000 IN96,025 2279,025 57.167 1.494,825 ]551.992 18. Creditors: amounts falling due after more than one year 202A 2023 Bank loans and overdrafts 4,OIM),IMM) 4,OW,( 19. Deferred income 2024 2023 Amount deferred in year 54,167 20. Analysis of charitable funds Unrestricted funds At l April 2023 Gains and At losses 31 March 2024 Income Expenditure General funds 1,054,871 355.428 (1.080.613) 329,686 At l April 2022 Gains and At losses 31 March 2023 Income Expenditure General funds 1,237,420 211.362 (350.622) (43,289) 1.054.871 17-
THE A. H. TRUST NOTES TO THE FINANCIAL STATEMENTS (continutd) YEAR ENDED 31 MARCH 2024 21. Analysis of net a&sets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Cutrent assets Creditors less than l year Creditors greater than l year Net assets 6548.505 6548,505 60.206 60206 (2.279,025) (2,279,025) (4.0(K).000) (4,(M)O,000) 329,686 329,686 Unrestricted Totsl Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors less than l year Creditors greater than l year Net assets 6.548,505 6.548,505 58.358 58.358 (1.551,992) (1.551,992) (4.1J)O,O(KJ) (4,0(M).000) 1,054.871 1.054,871 22. Related parties Included in other creditors (note 17) is an amount of £263,336 due to Mrs E Smith. a trustee. 18-