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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||
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|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|
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|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|
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|||||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|
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|
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|
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|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|
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|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|
##
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|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|
##
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|
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|
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|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|
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|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|
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|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|
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|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|
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||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)|
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