**COMPANY REGISTRATION NUMBER: 5371078 CHARITY REGISTRATION NUMBER: 1111090** 

## **Achim Limited** 

## **Company Limited by Guarantee Unaudited Financial Statements** 

**For the year ended** 

**31 March 2021** 

## **COHEN ARNOLD** 

Chartered accountants New Burlington House 1075 Finchley Road LONDON NW11 0PU 



**Achim Limited** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 31 March 2021** 

||**Pages**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1 to 3**|
|Independent examiner's report to the trustees|**4**|
|Statement of financial activities (including income and expenditure||
|account)|**5**|
|Statement of financial position|**6**|
|Notes to the financial statements|**7 to 13**|





**Achim Limited** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year ended 31 March 2021** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2021. 

## **Reference and administrative details** 

**Registered charity name** Achim Limited **Charity registration number** 1111090 **Company registration number** 5371078 **Principal office and registered** New Burlington House **office** 1075 Finchley Road London NW11 0PU 

## **The trustees** 

Mr I Traube Mr J Stern Mr I K Dzialowski **Company secretary** Mr I Traube **Independent examiner** Mr M Broner-Cohen FCA New Burlington House 1075 Finchley Road LONDON NW11 0PU 

## **Structure, governance and management** 

The charity is constituted as a company Limited by guarantee, and is therefore governed by its Memorandum and Articles of Association. 

The governors (trustees) administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity. 

It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment training and induction procedures. 

**- 1 -** 



**Achim Limited** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **Objectives and activities** 

The charity is established to further Jewish Orthodox religion and education and relief of poverty sickness and hardship. 

The charity receives income mainly from its property investments and charitable receipts under gift aid, which it utilises in the provision and distribution of grants and donations. 

The charity's principal activity throughout the year was the provision and distribution of donations and grants to organisations, and no change is envisaged in the immediate future. 

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year. 

## **Strategic report** 

The following sections for achievements and performance and financial review form the strategic report of the charity. 

## **Achievements and performance** 

During the year the company continued to pursue its philanthropic objects in support of educational, religious and other charitable organisations. Income from investments and donations aggregated £88,050. Total resources expended were £89,663, including donations to charitable institutions of £73,000, resulting in a net deficit of £1,613. 

## **Financial review** 

The financial results of the charity's activities for the year to 31 March 2021 are fully reflected in the attached Financial Statements together with the Notes thereon. 

## **Reserve Policy** 

It is the policy of the charity to maintain unrestricted funds, which include the free reserves of the charity, at a level which the trustees think appropriate, after considering the future commitments of the charity and the likely costs of the charity for the next year. At 31 March 2021 the charity had unrestricted funds aggregating £1,148,293. 

As at 31 March 2021, the charity has free reserves of £7,893. 

## **Grant Making Policy** 

Grants are made to charitable institutions and organisations which accord with the objects of the charity. 

The trustees are approached for donations by a wide variety of charitable institutions operating all over England. The trustees consider all requests which they receive and make donations based on the level of funds available. 

**- 2 -** 



Acbim Limited
Company Limited by Guarantee
Trustees, Annual Re￿)rt (Incor￿r8tlng the Director's Report) (c•RlinMEd)
Year ended 31 March 2021
Plans for future perlods
The trustees plan 10 Continue to make distributions in accordance with their grant rn9￿1ng policy. to
ensure that the ability to generate sufficient income is mainiained to achieve that end and that an
appropria* level of reserves is maintained. In detennining the level of charitable grants and donations
that the company may make. the trustees consider the income available for such purposes from its
investment properties.
Risk Man4gemeDt
The tnlstees have identified 8nd reviewed the major risks lo which ihe charity is exposed, in particular
those related to the operations and f￿anCe of th¢ ¢harity* and are satisfied that systems a￿ in place to
manage those risks.
The I￿stee5, annual report and the strategic report were approved on ..................
on ￿half of the b08rd of Mistees by:
and signed
Mr l Traube
Trustee

Achlm Limited
Company Limlted by Guarantee
Independent Examiner's Report to the Trustees of Achim Limlted
Year ended 31 March 2021
I report to the trustees on my examination of the financial statements of Achim Limited ('the charity,)
for the year ended 31 Marcb 2021.
Responsibilities and basis of report
As the trustees of ihe ¢harity you are ffsponsible for the preparation of the financial stalem¢nts in
accordance with the requirements of the Charities Act 201 I ('the Act,).
I report in respect of my examination of the charity s financial statements carried out under section
145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions
giv¢n by the Charity Commission under section 145{5)b) of the Act.
Independent examiner's statement
I have completed my examination. I confirni that no material matiers have come to my attention in
¢onnection with the examination giving me cause to believe ihal in any material respect:
the accounting records weTc no¢ kept in ￿cOrdanCe with section 130 of the Charities Act; or
the financial statements do not accord with th¢ accounting records,, or
the financial statements do not Comply with the applicable requiremenis concerning the forn) and
ontent of accouDls set out in the Charities (Accounts and Reports) Regulacions 2008 other than any
requirement that the financial statements give a'¢rne and fair, view which is not a m8tEr considered &5
part of an independent examination.
I have no concerns and have come across no other malters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understandin8 of the
ac¢ouDt$ to be reached,
Mr M Broner-cohen FCA
Independent Examiner
New Burlington House
1075 Finchley Road
LONDON
NWII OPU
J6

## **Achim Limited** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 31 March 2021** 

|||**2021**|**2021**|2020|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**5**|–|**–**|2,000|
|Investment income|**6**|88,050|**88,050**|79,878|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**||88,050|**88,050**|81,878|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure**|||||
|Expenditure on raising funds:|||||
|Investment management costs|**7**|(13,148)|**(13,148)**|(32,715)|
|Expenditure on charitable activities|**8,9**|(75,799)|**(75,799)**|(57,464)|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**||(88,947)|**(88,947)**|(90,179)|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net expenditure and net movement in funds**||(897)|**(897)**|(8,301)|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**|||||
|Total funds brought forward||1,149,906|**1,149,906**|1,158,207|
|||ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||1,149,009|**1,149,009**|1,149,906|
|||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|



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 7 to 13 form part of these financial statements.** 

**- 5 -** 



Achim Limited
Company Lin)ited by Guarantee
Statsment of Financial Position
31 March 2021
2021
2020
No
Ixed assets
Jnvestments
13
1,140A(
1,140,4(K)
Current assets
Debtors
Cash at bank and in haJ)d
14
10,014
995
12,365
257
12,622
Credltors: amounts I￿11ng due
within one y¢or
Net eurrent assets
15
(24IKI)
(3,116)
9,506
Total AS9ets less current Ilablutles
1.149,1)09
lJ49,(M)9
1.149.906
Ne¢ a88ets
1,149,906
Funds of the charlty
Unrestricied fi]nds
1,149.11
1.149.(109
1.149,906
1.149,906
Total charlty funds
16
For the year endin8 31 March 2021 the charity was entitled to exemplion from ￿dit under section
477 of the Companies Act 2IM)6 relating to small companies.
Di￿10rS, responsibilities..
The members have not requir¢d the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of ihe Act
with resp￿¢ lo a¢counting records and th¢ preparation of linancial statements.
These financial statement5 have been prepared in accordance with the pn)vi$ion8 applicable ÉO
COTnpanies subject to Èhe small compantes, regime.
These finan
ial St￿eMentS were approved by the board of trustees and authorised for issue on
nd are Signed on behalf of th¢ board by:
Mr l Traube
Trnstee
Mr l K Dzialowski
Trus*e
The notes OD page5 7 to 13 form wt ottbese stateme

**Achim Limited** 

**Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2021** 

## **1. General information** 

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU. 

## **2. Statement of compliance** 

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 Recommended 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 Companies Act 2006. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified 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. 

## **Disclosure exemptions** 

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the disclosure exemptions with respect to the cash flow statement. 

## **Judgements and key sources of estimation uncertainty** 

Judgements made by the directors in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are as follows: 

## (i) Property valuation 

The valuation of the company's investment property portfolio is inherently subjective, depending on many factors including the individual nature of each property, its location and expected future net rental values , market yields and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions. 

## (ii) Trade and other debtors 

The trustees use details of the age of trade debtors and the status of any disputes together with external evidence of the credit status of the counterparty in making judgements concerning any need to impair the carrying values. 

**- 7 -** 



**Achim Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

**3. Accounting policies** _**(continued)**_ 

## **Fund accounting** 

General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. 

Restricted funds are funds subject to specific restricted conditions imposed by donors. There are no restricted funds as at the Balance Sheet date. 

Designated funds are funds which have been set aside at the discretion of the trustees for specific purposes. There are no designated funds as at the Balance Sheet date. 

## **Incoming resources** 

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

## **Resources expended** 

Expenditure is recognised 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, noncharitable 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. 

**- 8 -** 



**Achim Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **3. Accounting policies** _**(continued)**_ 

## **Investment properties** 

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. 

Subsequent to initial recognition - 

- (i) Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the income and expenditure account in the period that they arise; and 

- (ii) No depreciation is provided in respect of investment properties applying the fair value model. 

Investment property fair value is determined by the trustees based on professional valuations, their understanding of property market conditions and the specific properties concerned using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. 

## **Acquisitions and disposals of properties** 

Acquisitions and disposals of properties are considered to take place at the legal completion and are included in the financial statements accordingly. 

## **Financial instruments** 

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

## **4. Limited by guarantee** 

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. 

## **5. Donations and legacies** 

|**Donations and legacies**|||||
|---|---|---|---|---|
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|**Donations**|||||
|Donations received|–|**–**|2,000|2,000|
||৶৶৶৶|৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|



**- 9 -** 



## **Achim Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **6. Investment income** 

|**Investment income**|||||
|---|---|---|---|---|
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|Income from investment properties|67,050|**67,050**|62,728|62,728|
|Dividends receivable|21,000|**21,000**|17,150|17,150|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||88,050|**88,050**|79,878|79,878|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



## **7. Investment management costs** 

|**Investment management costs**|||||
|---|---|---|---|---|
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|Property repairs and maintenance|||||
|charges|2,254|**2,254**|23,084|23,084|
|Management Commissions|8,059|**8,059**|6,376|6,376|
|Service Charges|50|**50**|50|50|
|Rates|–|**–**|172|172|
|Insurance|2,785|**2,785**|3,033|3,033|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||13,148|**13,148**|32,715|32,715|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|



## **8. Expenditure on charitable activities by fund type** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|Charitable activity|73,000|**73,000**|54,400|54,400|
|Support costs|2,799|**2,799**|3,064|3,064|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||75,799<br>৶৶৶৶৶৶৶৶৶|**75,799**<br>৶৶৶৶৶৶৶৶৶|57,464<br>৶৶৶৶৶৶৶৶৶|57,464<br>৶৶৶৶৶৶৶৶৶|



**- 10 -** 



## **Achim Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **9. Expenditure on charitable activities by activity type** 

|||Grant funding||**Total funds**|Total fund|
|---|---|---|---|---|---|
|||of activities|Support costs|**2021**|2020|
|||£|£|**£**|£|
||Charitable activity|73,000|199|**73,199**|54,644|
||Governance costs|–|2,600|**2,600**|2,820|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||73,000|2,799|**75,799**|57,464|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
||Charitable donations are grants made to the following||institutions:|||
||Friends of Beis Soroh Schneirer||9,000|||
||Mercaz Hatorah Belz||9,000|||
||Ichud Mosdos Gur Ltd||19,600|||
||Mifal Hachesed Vehatzdokoh||7,200|||
||Yesamach Levav||8,200|||
||One Heart Lev Echad||7,000|||
||Less than £5,000||13,000|||
||||ৄৄৄৄৄৄৄৄৄ|||
||**Total**||73,000|||
||||৶৶৶৶৶৶৶৶৶|||
||**Analysis of Grants to Institutions:**|||||
||Advancement of the Jewish|||||
||Religion||23,917|||
||Advancement of Jewish Education||14,917|||
||Relief of Poverty||30,916|||
||Other general charitable purposes||3,250|||
||||ৄৄৄৄৄৄৄৄৄ|||
||**Total**||73,000|||
||||৶৶৶৶৶৶৶৶৶|||
|**10.**|**Analysis of support costs**|||||
||||Support costs|**Total 2021**|Total 2020|
||||£|**£**|£|
||General office||199|**199**|244|
||Governance costs||2,600|**2,600**|2,820|
||||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
||||2,799|**2,799**|3,064|
||||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**11.**|**Independent examination fees**|||||
|||||**2021**|2020|
|||||**£**|£|
||Fees payable to the independent examiner for:|||||
||Independent examination of the financial statements|||**2,400**|2,400|
|||||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|



**- 11 -** 



## **Achim Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **12. Trustee remuneration and expenses** 

No salaries or wages have been paid to employees, including the trustees, during the year. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity. 

## **13. Investments** 

|**Investments**||
|---|---|
||**Investment**|
||**properties**|
||**£**|
|**Cost or valuation**||
|**At 1 April 2020 and 31 March 2021**|**1,140,400**|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|
|**Impairment**||
|**At 1 April 2020 and 31 March 2021**||
|**Carrying amount**||
|**At 31 March 2021**|**1,140,400**|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|
|At 31 March 2020|1,140,400|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|



All investments shown above are held at valuation. 

## **Investment properties** 

The investment properties are shown at market value. The valuation of the properties has been carried out by the Governors (Trustees) of the Charity. 

## **14. Debtors** 

|**14.**|**Debtors**|||
|---|---|---|---|
|||**2021**|2020|
|||**£**|£|
||Trade debtors|**6,569**|12,365|
||Prepayments and accrued income|**3,161**|–|
||Other debtors|**284**|–|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||**10,014**|12,365|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**15.**|**Creditors:** **amounts falling due within one year**|||
|||**2021**|2020|
|||**£**|£|
||Accruals and deferred income|**2,400**|2,400|
||Other creditors|**–**|716|
|||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|||**2,400**<br>৶৶৶৶৶৶৶|3,116<br>৶৶৶৶৶৶৶|



**- 12 -** 



## **Achim Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **16. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||||||**At**|
|||At|||**31 March 20**|
||1|April 2020|Income|Expenditure|**21**|
|||£|£|£|**£**|
|General funds||1,149,906|88,050|(88,947)|**1,149,009**|
|||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|
||||||At|
|||At||31 March 202||
||1|April 2019|Income|Expenditure|0|
|||£|£|£|£|
|General funds||1,158,207|81,878|(90,179)|1,149,906|
|||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|



## **17. Analysis of net assets between funds** 

|**Analysis of net assets between funds**|||
|---|---|---|
||Unrestricted|**Total Funds**|
||Funds|**2021**|
||£|**£**|
|Tangible fixed assets|1,140,400|**1,140,400**|
|Current assets|11,009|**11,009**|
|Creditors less than 1 year|(3,116)|**(3,116)**|
||ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net assets**|1,148,293|**1,148,293**|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|
||Unrestricted|Total Funds|
||Funds|2020|
||£|£|
|Tangible fixed assets|1,140,400|1,140,400|
|Current assets|12,622|12,622|
|Creditors less than 1 year|(3,116)|(3,116)|
||ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net assets**|1,149,906<br>৶৶৶৶৶৶৶৶৶৶৶৶৶|1,149,906<br>৶৶৶৶৶৶৶৶৶৶৶৶৶|



## **18. Related parties** 

Other debtors (Note 14) includes an amount of £284 owed by Matan Co Ltd, a company with directors who are also trustees of the charity. 

**- 13 -**