2023-04-05-accounts

		Page
Report ofthe Trustees	1	to	4
Independent Examiner's Report
Statement ofFinancial Activities
Statement ofFinancial Position
Statement ofCash Flows
Notes to the Statement ofCash Flows
Notes to the Financial Statcmcnts	10	to	13
Detailed Statement ofFinancial Activities	14	to	15

					2023	2022
					Unrestricted	Total
					fund	fiiuds
				Notes	6
IVCOMK tiuVD ENDOWMENTS FROM
Inveshnent inconie					40,448	24,523
Oilier iiiconic					547,802	520,791
Total					588,250	545,314
EXPKVDITURE		OIV
Raising funds					14,185	10,659
Charitable activities
Creneral grants					36,000	725,634
Other					(16,545)	9,907
Total					33,640	746,200
Net gainsl(losses)	on investmenis				(136,513)	(28,719)
NKT INCOME/(EXPENDITURE)					418,097	(229,605)
RECONCILIATION			OF FUNDS
Total Emds brought		forward			1,943,262	7,172,867
TOTAL FUNDS	CARRIED FORWARD				2,361,359	1,943,262

		2023	2022
		Total	Total
		funds	flillcls
	Notes
FIXEDASSETS
Investments		1,564,221	1,698,087
CURREiNT ASSETS
Dclitors		82,399	77,123
Cash at bauk		1,499,419	1,463,744
		I581,818	1,540,867
CREDITORS
Amoiuiis falling due witlnn one year		(784,680)	(1,295,692)
NKT CURRENT ASSETS		797,138	245,175
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,361,359	1.943,262
NKT ASSETS		2,361,359	1,943,262
FUNDS
Unrestricted huids		2,361,359	1,943,262
TOTALFLiNDS		2,361,359	1,943,262

			2023	2022
		Notes		I
Cash tloivs from operating actisdties Cash generated from operations		I	27,948	616,621
Net cash provided by operating activities			27,948	616,621
Cash flosvs from investing activities Purchase offixed asset nivestments			(1,087,877)	(1,050,907)
Sale offixed asser iuvestments			1,086,370	1,070,685
Sale ofinvestment property Sale ofsocial iuvestnieuts				30,477 (59,196)
Interest received			7,466	122
Dividends received			1,888	1,227
Net cash provided by/(used	in) investing	activities	7,847	(7,592)
Change in cash aml cash the reporting period	equivalents	in	35,795	609,029
Cash and cash equivalents beginning ofthe reporting	at the period	2	1,463,624	854,595
Cash and cash equivalents the reporting period	at the end	of	1,499,419	1,463,624

OPERATING AC	TIVITIES
				2023	2022f
Net income/(esrpenditure) for the reporting		period (as per the
Statement ofFinancial Actirities) Adjustments for:				418,097	(229605)
Losses oil invcstmcnts				135,373	28,719
Interest received				(7,466)	(122)
Dividends received				(1,888)	(1,227)
(Increase)/decrease	in dobtors			(5,276)	274,399
(Decrease)/increase	io creclitors			(510,892)	544,457
Net cash provided	by operations			27,948	616,621
ANALYSIS OFCASH AND CASH EQUIVALENTS
				2023	2022
Notice deposits (less than 3 months)				1 499.419	1,463,744
Overdrafts inchtded	io bank loans aud overdrali	s falling dne tvnhin	one year		(120)
Total cash and cash	equivalents			1,499,419	1,463,624
ANALYSIS OF CHANGES IN NET FUVDS
			At 6.4.22	Cash tlow	At 5.4.23
Net cash
Cash at bank			1,463,744	35,675	1,499,419
Bank overdratt			(120)	120
			1,463,624	35,795	1,499,419
Total			1,463,624	35,795	1,499,419

		2023	2022
1.1K tllml'esi &illviilellcls		1,887	1,227
Overseas	interest &dividends	31,094	23,174
1.1Kbank	interest	7,467	122
		40,448	24,523
OTHER	liNCOME
		2023	2022
Royalties	from YEDA	547,802	520.791

CHARITABLE ACTIVITIES COSTS
		Grant
		fiinding of
		'icnvltles
		(see note
		5)
General grmits		36,000
GRANTS PAYABLE
	2023	2022
General gmuts	36.000	725.634

SUPPORT C	OSTS
				Govenmnce
			Other	costs	Totals
			f
Other resources expended			(25,725)	9,180	(16,545)
Other resources expended		breakdown:		2023 f	2022
Other
Profit or loss	on foreimt	exchange		(27,551)
Administrative	costs			1,826	2,887
Governance costs:
Legal fees Accountmicy	fees			6,300	1,200 2,700
Indepeudent	Exanuners	fees		2,880	3,120
				(16,545)	9,907

				2023	2022
Prepayments	and	scented	income	82,399	77,123

10.	CREDI	TORS: AMOUNT	S PALLING DUE WVITHLi ONK YE	AR
				2023	2022
				8
	Bank loans and overdrags		(see note 11)		120
	Other creditors			778,500	1,289,752
	Accrued	expenses		6,180	5,820
				784,680	l,295,692
11.	LOANS
	An analysis ofthe maturiiy		ofloans is given below:
				2023	2022
					f.
	Amouuts	falling due witlun	one year on demand:
	Bmtk overdrafts				120

		2023f	2022
LVCOME AN) ENDOWMENTS
Investment income
UK interest A dividentls		1,888	1,227
Overseas interest fc dividends		31,094	23,174
UK liank interest		7,466	122
		40,448	24,523
Other income
Royalties froin YEDA		547,802	520,791
Total incoming resources		588,250	545,314
EXPENDITURE
Other truding activities
Batik charges		1,345	855
Investment management	costs
Portfolio nmnagement		12,840	9,804
Charitable activities
Cnuts and donations		36,000	725,634
Support costs
Other
Profit or loss on foreign	exchauee	(27,551)
Administrative costs		1,826	2,887
		(25,725)	2,887
Governance costs
Le al fees			1,200
Accountancy fees		6,300	2,700
Independent Examiners	fees	2,880	3,120
		9,180	7,020
Total resources expended		33,6i40	746,200
Net income/(expenditure)	before gains anil
losses		S54,610	(200,886)

			2023	2022I
Realised recognised	gains and losses
Realised gains/(losses)	on fixed asset	mvestments	(122,211)
Realised gains/(losses)	on investment	property		30,477
Vnrealised gains/losses	ou invesuneuis		(14,302)	(59,196)
Net income/(expenditure)			418,097	(229,605)