2021-03-31-accounts - M And R Gross Charities Limited

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	Legal and Administrative	Details
2-6	Report ofthe Trustees
7-10	Report ofthe Auditors
	Consolidated Statement	of Financial Activities
12	Charity Statement ofFinancial Activities
13	Consolidated Balance Sheet
14	Charity Balance Sheet
15	Consolidated Statement	ofCash Flows
16-29	Notes tothe Financial Statements

Name:	M. BcR.Gross Charities Limited	M. BcR.Gross Charities Limited
Status:	Incorporated Registered Charity Number: 251888
	Company Number: 0897558
	HM Revenue 4' Customs Reference: XN18913
Principal Office and
Registered Office:	New Burlington	House
	1075Finchley Road
	London NW11	OPU
Charity Trustees:	Mrs RGmss
	Mrs SPadwa
	Mr M Saberski
	MrLLerner
Secretary:	Mrs RGross
Auditors:	Cohen Arnold
	New Burlington House
	1075Finchley	Road
	London NW11	OPU

FORTH	E YEAR	ENDED 31MA	RCH 2021
	Notes			2021	2020
		Restricted	Unrestricted	Total	Total
		Funds	Funds	Funds	Funds
Incoming Resources Donations			60,000	60,000	169,697
Activities forgenerating funds: Commercial trading operations Investment Income			2,887,976 1400468	2,887,976 1400,868	2,682,930 1,229,170
Total Income			4,148844	4,148,844	4,081,797
Expenditure
Costofgenerating funds: Trading costs Investment management costs Property Outgoings			865,826 650,646 196,643	865,826 650,646 196,643	1,569,891 661,991 238,862
Charitable activities: Expenditure on charitable activities	5-7		2,184427	2,184427	1,152,411
Total Expenditure			3,897442	3,897442	3,623,155
Net gain/Posses) on investments: Share ofprofit of Associate			108,700	108,700	52,738
Revaluation ofAssociate Gain/(Loss) on revaluation ofinvestment			5,955	5,955	1,028,624
Net Income/(Expenditure) for the	year		366,157	366,157	1,540,004
Net Movement in Funds			366,157	366,157	1,540,004
Reconciliation ofFunds: Total Funds Brought Forward		7,046,467	47,955,901	55,002,368	53,462,364
Total Funds Carried Forward		7,046,467	48422,058	55468,058	55,002,368

	M.	8r,R.GROSS CHARITIES	8r,R.GROSS CHARITIES	8r,R.GROSS CHARITIES	LIMITED
			EDBYGUARANTEE
	STATEMENT		OFFINANCIAL ACTIVITIES
	FOR	THE YEAR ENDED 31MARCH 2021
					2021	2020
		Restricted		Unrestricted	Total	Total
		Funds		Funds	Funds	Funds
Incoming Resources Donations				60,000	60,000	169,697
Subsidiaries' Donations Investment Income				1,952490 165,959	1,952490 165,959	1,653,207 167,396
Rental Income				579,786	579,786	736,382
Total Income				2,758,135	2,758,135	2,726,682
Expenditure
Costofgenerating funds: Property Outgoings				196,642	196,642	238,862
Investment Management Loan Interest Payable Cost ofFinance	Costs			135,044 12,090	135,044 12,090	86,799 12,090
Charitable activities: Expenditure on charitable	activities			2,010427	2,010427	877,411
Total Expenditure				(2,354,003)	(2454,003)	(1,215,162)
Net Income before Gains on Investments				404,131	404,131	(1,511,550)
Net gain /Posses) on investments: Loss on Revaluation of property Gain on revaluation ofinvestment				(327,882) 289,907	(327,882) 289,907	(583,002) 611,486
Net Income for the year				366,157	366,157	1,540,004
Net Movement in Funds				366,157	366,157	1,540,004
Reconciliation ofFunds: Funds Brought Forward		7,046,467		47,955,901	55,002468	53,462,364
Total Funds Carried Forward		7,046,467		48,322,058	55,368,525	55,002,368

	M. dtR. GROSS	CHARITIES LIMITED	CHARITIES LIMITED
	TEDBY GUARANTEE
	BALANCE SHEET AS AT31MARCH 2021
			2021	2020
FIXEDASSETS	Notes	g	8	g
Tangible Assets Investments	10 11		9,189,147 45,655417	9,489,147 45 365410
			54,844,464	54854 557
CURRENT ASSETS Debtors Cash at Bank	13	5,495464 931,385		4,896,065 859,194
		6,426,649		5,755,259
CREDITORS: Amounts due within one year	falling 14	(1/74,047)		(823,730)
NET CURRENT ASSETS		5,152,602		4,931,529
Total Assets less current	liabilities		59,997,066	59,786,086
CREDITORS: Amounts due atter one year	falling 15		(4,628441)	(4,783,718)
			55468,525	55,002,368
CAPITAL FUNDS Unrestricted Funds Restricted Funds			48,322,058 7,046,467	47,955,901 7,046,467
Total Funds	16		55868,525	55,002,368

				2021	2020
CASH FLOWS FROM OPERATING
ACTIVITIES:			Notes
Net cash (used)/ provided by operating	activities		21	(2,581,196)	(1,883,220)
CASH FLOWS FROM INVESTING Income from investments	ACTIVITIES:			3,467,762	3,419,312
Interest received				291,959	334,528
Purchase offixed assets				(681,295)	(1,806,645)
Proceeds from sale ofinvestments				605,890	687,570
Net Cash provided by/(used in) investing		activities		3,684,316	2,634,765
CASH FLOWS FROM FINANCING Borrowing Interest Paid		ACTIVITIES:		(300,508) (650,646)	(296,653) (661,991)
Net cash provided by (used in) financing		activities		(951,154)	(958,644)
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR				151,966	(207,099)
Cash and cash equivalents at I April 2020				1,122@26	1,329,425
CASH AND CASH EQUIVALENTS MARCH 2021		AT 31	21	1474/92	I,122,326

ary Proftt and LossAccount —Subsidi	a Co nice
			2021	2020
Net sale proceeds
Costofproperties sold
Surplus on sale ofproperties
Gross rental income		a	2,887,976	2,682,930
Property outgoings		b	(721,565)	(715,378)
Net Rental Income			2,166,411	1 967552
Administrative expenses		b	(63461)	(68,500)
Donations paid Net gains on revaluation ofinvestment	property		(2,126490) 333,837	(1,928,207) 1,611,626
Operating pmfit Profit on disposal offixed assets Income fiom fixed assets investment Interest receivable			310,597 315,564 (1,466) 126,000	1,582,471 212,021 (1,023) 156,132
Other operating income Interest payable and similar charges			15,025 (503,512)	(563,102)
Retained profit/(loss) for the financial year Taxation		b	262,208 (81)000)	1,386,499 (786,013)
Under/over provision oftax		b
			~ISI 08	600486
Incomin Resourcesi
Activities forgenerating funds: Commercial trading operations		a	2,887,976	2,682,930
R ursus Ex nded
Costofgenerating funds Trading costs		b	865,826	1,569,891

6.	COSTSOF CHA	RIT	ABLE ACTI	VITIES BYACTIVI	TY TYPE
					2021	2020
			Grant Funding Activities Restricted Unrestricted		Total	Total
				g	g
	Charitable Donations Governance Costs			2,150400 33,927	2,150400 33,927	1,111,985 40,426
				2,184427	2,184427	1,152,411
7.	GOVERNANCE	COSTS			2021	2020
	Auditors' Remuneration				31,975	31,858
	Bank Charges General Expenses Legal and Professional		Fees		297 1,655	397 963 7,208
					33,927	40,426
8.	NET INCOMING	RESOURCES		FORTHE YEAR	Total Funds	Total Funds
					2021	2020
						g
	This is stated a1ter charging: Auditors* remuneration Depreciation				31,975	31,858 336

TANGIBLE FIXED ASSETS
GROUP
	Freehold &	Fixtures		Total
	Leasehold Pro er	~HtD Ktt	t
Cost/Valuation
At 1 April 2020 Additions	69,369,347 681,295	78,811		69,448,158 681,295
Dispo sais Gain on revaluation	(300,000) 5,955			(300,000) 5,955
At 31March 2021	69,756,597	78,811		69,835,408
~Di tt At 1 April 2020		78,811		78,811
Charge forthe year
At 31 March 2021		78,811		78,811
Net BookValue At 31March 2021	69,756,597			69,756,597
At 31 March 2020	69,369,347			69,369,347
CHARITY
FREEHOLD AND LEASEHOLD	INVESTMENT PROPERTY
		2021		2020
At 1 April 2020 Additions		9,489,147		9,957,440 114,709
Revaluation		(300,000)		(583,003)
At 31March 2021		9,189,147		9,489,147

IXEDASSET INVESTMENT	S
CHARITY	Nature	ofBusiness	R~tf	2021	2020
			No.
Agarbatty Limited Newcast Estates Limited	Properly Property	Investment Trading	00844612 08895161	1,025,645 5,901	831,628 (2,491)
Subterranean Limited	Property	Investment	07849993	209,957	213,512
Trilata Limited	Property	Investment	11674040	215,100	100
Tripack Limited Tulata Limited Wynbay Limited Zerlan Estates Limited	Property Property Properly Properly	Investment Investment Investment Investment	01155157 01493103 01299082 01051420	2,809,994 4,487,616 16,875,522 15,401457	3,052,761 4,397,552 17,152,291 14,656,483
MarketValueat31March2021				41,031492	40,301,936

Limited. The charity's interest in the results ofthe assoc	iate is as follows:
Saxton Estates Limited —Property Investment		50'/o share
Profit for the year ended 31March 2021	177,126	88,563
Share ofProfit	177,126	88,563
Assets	7,355,048	3,677,524
Liabilities	(4,265,906)	(2,132,953)
Capital and Reserves	3089 142	1 544571
Share ofNet Assets atvaluation		~1544 71
Riverhill Properties Limited —Property Investment		50%share
		K
Loss forthe year ended 31March 2021	(11,369)	(5,685)
Share ofLoss	(11,369)	(5,685)
Assets	2,162,762	1,081,381
Liabilities	(1,636,381)	(818,366)
Capital and Reserves	526030	263015
Share ofNet Assets atvaluation		~263015

Mount Farm Limited —Property Investment	8	50'/o share
Profit for the year ended 31March 2021	51,642	25,821
Share ofProfit	51,642	25,821
Assets	735,502	367,751
Liabilities	(720,344)	(360,172)
Capital and Reserves	15158	7,579
Share ofNet Assets atvaluation		~7579
Total share ofprofit ofAssociates Total share ofnet assets at valuation		~108700 1515165

CREDITORS: AMOUNTS FA	LLING DUE W	ITHIN ONE Y	EAR
		2021		2020
	Group	Charity	Group		Charity
Bank Loans and Overdraft	181,228		294,228
Trade Creditors	263,680	168,995	296,387		162,387
Amounts due to Subsidiary
Undertakings Other Creditors and Accruals	1469J06	1,105,052	1,605,565		652,087
	1,814,814	1474,047	2,196,774		823,730

Funds
					At 31March
		At I April 2020	Income	Expenditure	2021
Unrestricted	Funds	47,955,901	4,291,381	(3,925,223)	48,322,058
Restricted Funds		7,046,467			7,046,467
		55,002,368	4,291,381	(3,925,223)	55,368,525

8. ANALYSIS OF NET ASSETS BETWEEN FU	NDS
Unrestricted Funds	Restricted Funds	Total Funds 2021
Investments Current assets Creditors less than I year 64,601,246 9,597,909 (1,814,814)	7,046,467	71,647,713 9,597,909 (1,814,814)
Creditors more than I
year Provisions (16,464,283) (7,598,000)		(16,464,283) (7,598,000)
Net assets 48,322,058	7,046,467	55,368,525
19. FINANCIAL INSTRUMENTS
The carrying amount for each category offinancial	instrument is as follows; 2021	2020
Financial assets that are debt instruments measured	at amortised cost
Financial assets that are debt instruments
measured at amortised cost	7,964,951	8,744,869
Financial assets at fair value through the Statement of Financial Position	1,456,296	1,417,330
Financial liabilities measured at amortised cost
Financial liabilities measured at amortised cost	18,279,097	18,961,565

a.	Reconciliation ofnet cash	provided by o	perating activ	ities:
				2021	2020
					8
	Net income /(expenditure)	for the year		~366157	1 540004
	Adjustments for: Depreciation ofTangible Fixed Assets				336
	(Gain)/ Loss on revaluation			(5,955)	(1,038,624)
	Interest Receivable			(291,959)	(334,528)
	Interest payable Income from investments			650,646 (3,467,762)	661,991 (3,419,312)
	(Profit) / Loss on sale offixed assets Decrease / (increase) in Debtors			(315464) 779,919	(149,283) 615,503
	Increase / (Decrease) in Creditors			(268,978)	(492,582)
	Income from associates			(108,700)	(52,738)
	Taxation			81,000	786,013
				(2,947,196)	(3,423,224)
	Net Cash (used)/ provided	by operating	activities	(2,581,196)	(1,883,220)
b.	Analysis ofcash and cash equivalents
				2021	2020
				8	8
	Cash at Bank			1,455,520	1,416,554
	Bank overdraft			(181,228)	(294,228)
	Total cash and cash equivalents			1,174492	1,122,326

	Analysis of changes in net funds	Analysis of changes in net funds
		At31March	Cash flows	At 31March
		2020		2021
		0		8
Cash at Bank		1,416,554	38,966	1,455,520
Debt: Due within one year		(294,228)	113,000	(181428)
Total		1,122,326	151,966	1/74/92
Debt more	falling due after than one year	(16,764,791)	296,653	(16,764,791)
Net Funds		(15,642,465)	(2,564,404)	(15,642,465)