2022-03-31-accounts - Mayfair Charities Limited

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non-financial measure	s. 'Ihe m	he Group are as follows:
		2022	2021
Grants and donations Net rental income	paid out	83.2million 80.8million	83.1 million 80.9million
Dividend income		80.6million	$0.6million
Quoted and other investments at fidr value Investment property at fair value		f34 4 million 849.9million	833.2million 851.1million

			2022		2021
			Unrestricted	Funds	Unrestricted	Funds
		Note	0'000	0'000	0'000	0'000
Income and Endowments from:
Donations and Grants Received				1/50		1,250
Investments:
Income fiom Fixed Asset Investments				634		616
Interest Receivable and Similar
Charges				I		691
Rents and Charges Receivable				2,131		1,733
Other:
Property Management Fees Receivable				1,304		1,004
Total Income				5,320		5394
Expenditure on:
Raising Funds:
Property Outgoings			(1,344)		(840)
Interest Payable and Similar Charges			(75)		(9)
Investment Management Costs			(1,009)		(832)
Charitable Activities:
Grants and Donations			(3,177)		(3,061)
Direct Charitable Activities			(5)		(5)
Payments from Special Projects Fund			(1,063)		(222)
Other:
Governance Costs			(54)		(4/)
Total Expenditure				(6,727)		(5,016)
NET INCOME / (EXPENDITURE)
BEFOREGAINS ON INVESTMKNTS				(1,407)		278
Net Gains / (Losses) on Investments:
Gains on Disposal ofInvestment	Property		984		4,135
Valuation ofInvestment Properly			(2,413)		833
Valuation ofOther
Investments			1,230		2,641
				(199)		7,609
NET INCOME / (EXPENDITURE)
BEFORETAX		5		(1,606)		7,887
Taxation				(311)		33
NET INCOME / (EXPENDITURE)
FORTHK YEAR AND MOVEMENT
IN FUNDS				(1,917)		7,920
Reconciliation ofFunds:
Total Funds Brought Forward				90,252		82,332
TOTAL FUNDS CARRIED FORWARD				88,335		90,252
The notes on pages 14to 33form part ofthese		Financial	Statements.

					2022		2021
				Note	0'000	0'000	0'000	0'000
FIXEDASSETS
Tangible Assets Investments				9 10		1,025 84,312		1,025 84,255
						85,337		85,280
CURRENT ASSETS
Debtors				11	11,801		14,226
Cash at Bank and in Hand					6,637		6,728
					18,438		20,954
CREDITORS: Amounts	falling due within
one year				12	(12,260)		(13,182)
NET CURRENT ASSETS						6,178		7772
TOTAL ASSETSLESS	CURRENT
LIABILITIES						91,515		93,052
CREDITORS: Amounts		falling	due
after more than one year				13		(1,512)		(1,442)
PROVISIONS				14		(1,668)		(1,358)
TOTAL NET ASSETS						88,335		90,252
UNRESTRICTED FUNDS
Designated Funds Other Charitable Funds				16 16		5,296 76,751		6,359 77,002
Non-Charitable Funds				16		6,288		6,891
TOTAL UNRESTRICTED		FUNDS				88,335		90,252

			2022		2021
		Note	0'000	re000	0'000	0'000
FIXEDASSETS
Tangible Assets Investments		9 10		1,025 82,961		1,025 83,045
				83,986		84,070
CURRENT ASSETS
Debtors			4,316		4,922
Cash at Bank and in Hand			2,193		5,997
			6,509		10,919
CREDITORS: Amounts	falling due within
one year		12	(649)		(3,286)
NET CURRENT ASSETS				5,860		7,633
TOTAL ASSETSLESS	CURRENT
LIABILITIES				89,846		91,703
CREDITORS: Amounts	falling due after
more than one year				(1,512)		(1,442)
TOTAL NET ASSETS				88,334		90,261
UNRESTRICTED FUNDS
Designated Funds Other Charitable Funds		16 16		5,296 83,038		6,359 83,902
TOTAL UNRESTRICTED FUNDS				88,334		90,261

		2022		2021
		Unrestricted	Funds	Unrestricted	Funds
	Note	f'000	f'000	f'000	f'000
Cash Flows from Operating Activities: Net Cash used in Operating Activities	23		(822)		(12,517)
Cash Flows from Investing Activities
Dividends, Interest and Rents &om
Investments		905		1,773
Proceeds fiom Sale of Investments		1,074		4300
Purchase ofInvestments		(1,239)		(200)
Net Cash Provided by Investing Activities			740		5,773
Cash Flows from Financing Activities
Interest Paid		(9)		(9)
Net Cash Used in Financing Activities			(9)		(9)
CHANGEINCASHANDCASH
EQUIVALENTS IN THE YEAR			(91)		(6,753)
CASH AND CASH EQUIVALENTS AT
IAPRIL 2020			6,728		13,324
CHANGE IN CASH AND CASH
EQUIVALENTS DUE TO EXCHANGE RATE MOVEMENTS					157
CASH AND CASH EQUIVALENTS AT
31MARCH 2021	24		6,637		6,728

INTEREST PAYABLE AND SIMILAR CHARGES
	2022		2021
	8000		s'000
Bank Charges and Interest		9
Losses on Foreign Exchange		66
		75
In the prior year, gains on foreign exchange amounted tof157,000.

			2022	2021
			s'000	s'000
Grants and Donations Paid			2,777	2,661
Non-monetary	Donations	(see Note 21a—Provision ofFacilities)	400	400
			3,177	3,061

GRANTS AND DONATION	GRANTS AND DONATION	S PAYABLE (cont'd)	S PAYABLE (cont'd)
The composition ofdonations		is shown below.		s'sss
Beth Jacob Grammar School		For Girls Limited		1,550
Amud Hatzdokoh Trust				79
Shsarei Orah Ltd				78
Friends ofMir				61
Mifal Hachesed Vehatzedokoh				60
Chevras Mo'oz Ladol				58
Kollel Rabinow (Divre Shir)		Foundation		47
The New Rachmistrivke	Synagogue		Trust	40
BCTrust				34
The Rehabilitation Trust				32
One Heart - Lev Echod				31
The Friends ofthe Bobover Yeshivah				29
Friends ofMercaz Hatorah Belz Macnivka				29
Kahal Chassidim Bobov				29
Friends ofBeis Chinuch	Lebonos Trust			28
Marbeh Torah Trust				27
Ssssov Beis Hamedrash				26
Care All Limited				26
Support the Charity Worker				25
Mercaz Hatorah Netzach	Yisroel			22
Chasdei Sorele				22
Edupoor Limited				20
LTC Trust Co				20
Other Donations				804
				3,177

			2022	2021
			s'sos	s'000
Auditors'	Remuneration		26	26
Legal and	Professional	Fees	28	21
			54	47

This is stated after	charging:
		2022	2021
		g'000	g'000
Auditors' Remuneration:
Audit Fees		55	53
Other Professional	Services	2	3

TAXATION	TAXATION
Major components		oftax expense	2022	2021
			g'000	G'000
Deferred	tax:
Origination	and reversal oftiming differences		311	(33)
Taxation			311	(33)

corporation tax in the UKof19%	(2021: 19%)by reference	to the analysis below.
		2022	2021
		g'000	6'000
Net expenditure before tax		(1,606)	7,887
Net expenditure by rate oftax Non taxable income and expenses		(305) 250	1,499 (1,443)
Timing differences on unrealised Timing difference on gill aid Impact ofchange in tax rate Other differences	gains	(28) (24) 429 (11)	(99) 10
Taxation		311	(33)

Gro	u	p and C	ompany
				Property Held
				for use by
				Charity
				0'000
At	1	April 2021 and 31March 2022		1,025
The		Properties	Held for Use by Charity are stated at historical cost.

INVESTMENTS
	Iong
	Freehold Leasehold	Listed			Other
Group	Properties 0'000 Properties 0'000	Investments 0'000			Investments 0'000		Total 0'000
FAIRVALUE
At 1 April 2021 Additions Disposals Revaluation	38,127 3,917 (2,677) (1,919) 12,977 (494)			46	33,105 1730		84,255 3,917 (2,677) (1,183)
At 31March 2022	37,448 12,483			46	34,335		84,312
	Long		Investments
	Freehold Leasehold	Listed	in	Subsidiary		Other
Company	Properties 0'000 Properties Investments 0'000 0'000		Undertakings 0'000			Investments Total 0'000 0'000
FAIRVALUE
At 1 April 2021 Additions	38,127 3,917 4,866	46			6,901	33,105 83,045 3,917
Transfers
Disposals Revaluation	(2,677) (1,919) (22)				(613)	(2,677) 1,230 (1,324)
At 31March 2022	37,448 4,844	46			6,288	34	335 82961

			Company
			Number
Directl Held Subs'diaries
Freshwater	Property Management	Limited	00891786
Gladville	Limited		02454653
Haysgrans	Property Co. Limited		00662308
Metropolitan Properties Co.(Overseas) Limited			00863934
Ind'	He d Subsidiaries

ollows:
								Capital	ds
						Assets	Liabilities	Reserves
						0'000	0'000	0'000
Freshwater	Property Management				Limited	14,899	(11,959)	2,940
Gladville	Limited
Haysgrans Property Co.Limited Metropolitan Properties Co.(Overseas) Limited						7,736 418	(4,805)	2,931 418
summary	ofturnover,		expenditure		and profit or loss for the		year is shown	below for
ach operational subsidiary				undertaking.
								Metropolitan
					Freshwater			Properties
					Property		Haysgrans	Co.
					Management		Property	(Overseas)
						Limited	Co.Limited	Limited
						g'000	g'000	K'000
Turnover						1,304	337
Cost ofsales							(149)
Administrative expenses						(993)	(16)
Net valuation gains		on	investment
propert							(472)
Interest receivable		and	similar income
Interest payable and similar charges						(6	(297
Profit before tax						305	(597)
Taxation						(29)	(292)
Profit for	financial	year				276	(889)

DEBTORS
			Group		Company
			2022	2021	2022	2021
		Note	0'000	0'000	0'000	8000
Amount owed by subsidiary undertakings		lla			2,903	3,417
Interest receivable	&om subsidiary
undertakings		lla				297
Amounts due from connected
undertakings Loan debtors (charitable purposes)		Ilb	10,161 617	12,753 640	17 617	640
Rental debtors			543	428	538	426
Other debtors			480	405	241	142
			11,801	14,226	4,316	4,922

	Group		Company
	2022	2021	2022	2021
	4'aaa	s'000	s'Oaa	4'a00
Cherry Orchard Properties
Limited	I	I
Newprop Company Limited	8	7
LKBInvestments Limited	50	28
Bastion Products Limited	15	10
Freshwater Family Retirement
Benefits Scheme	439	107
The Raphael Freshwater
Memorial Association
Limited	17	27	17
Highdorn Co.Limited	8,841	12,082
The Bampton Property Group
Limited	51	36
Bampton (BAB)Limited	6	5
Bampton (Redbridge) Limited	12	2
Brickfield Properties Limited	285	142
City and Country Properties
Limited	253	171
City and Country Properties (Midlands) Limited	50	36
Cromlech Property Co.Limited
(The)
The Halliard Properly Co.
Limited	112	89
Other Freshwater Group
Companies	21	10
	10,161	12,753	17

CREDITORS: AMOUNTS FAL	LING DUE	WITHIN ONE	YEAR
		Group		Company
		2022	2021	2022	2021
	Note	f'000	f'000	f'000	f'000
Amounts owed to subsidiary undertakings					1,096
Amounts owed to connected
undertakings	120	11,167	12,262	82	1,754
Taxation and social security					23
Rentin advance		317	217	289	203
Other creditors and accruals		776	703	278	210
		12,260	13,182	649	3,286

account, are interest Iree and effectiv	ely repayable on d	emand.
	Group		Company
	2022	2021	2022	2021
	f'000	f'000	f'000	f'000
Bastion Products Limited	1,260	1,258
The Raphael Freshwater
Memorial Association
Limited		248		248
Highdorn Co.Limited	1,060	3,503	82	1,506
Metropolitan Properties Co
(Cloisters) Limited	893	735
LKBInvestments Limited	7,893	6,457
Freshwater Family Retirement
Benefits Scheme
Other Freshwater Group
Companies	61
	11,167	12,262		1,754

	Group and Company
				2022	2021
				K'000	K'000
	Other Creditors			1,512	1,442
				1,512	1,442
	Amounts are payable	as follows:
	In more than one year but not more than two years In more than two years but not more than five years			1,512	1,442
	In five years or more
				1,512	1,442
14.	PROVISION FORLIABILITIES
	The movement in the deferred taxation provision		during the year was:
	Group —Investment	Property
					g'000
	At 1April 2021				1,358
	Movements during the	year			310
	At 31March 2022				1,668

The total f follows:	on-cancellable operating lease	s are as
	2022	2021
	s'000	s'000
Not later than 1 year Later than 1year and not later than 5years Later than 5years	927 1,691 1,286	810 1,714 920
	3,904	3,444

UNRESTRICTED INCO	ME FUNDS
			Other	Non
		Designated	Charitable	Charitable
Group		Funds	Funds	Funds	Total Funds
		s'000	s'000	s'ooo	e'000
Balance at 1 Aprfi 2021		6,359	77,002	6,891	90,252
Net income/(expenditure)	for the year	(1,063)	(251)	(603)	(1,917)
Balance at 31March 2022		5496	76,751	6,288	88,335

available for dis	tribution.
			Other
		Designated	Charitable
Company		Funds s'ooo	Funds s'Ooo	Total Funds 4'000
Balance at 1 April 2021		6,359	83,902	90,261
Net expenditure	for the year	(1,063)	(864)	(1,927)
Balance at 31March 2022		5,296	83,038	88,334

ANALYSIS	OFNET ASSETS BE	TWEEN FUNDS
			Net Current	Long Term
Group		Fixed Assets g'000	Assets F000	Liabilities g'000	Total K'000
Unrestricted	Income Funds	85,337	6,178	(3,180)	88,335
Total Funds		85,337	6,178	(3,180)	88,335
			Net Current	Long Term
Company		Fixed Assets F000	Assets g'000	Liabilities g'000	Total F000
Unrestricted	Income Funds	83,986	5,860	(1,512)	88,334
Total Funds		83,986	5,860	(1,512)	88,334

				Group		Company
				2022	2021	2022	2021
				4'000	K'000	s'000	e'eoo
Financial		assets measured at fair value
through income and expenditure: Listed and other investments (see Note			10)	34,381	33,151	34,381	33,151
Investment Note 10)		in subsidiary undertakings	(see			6,288	6,901
Financial		assets measured at amortised
cost (see	Note 11)			11,801	14,226	4,316	4,922
Financial		liabilities measured at
amortised		cost (see Note 12Es 13)		13,772	14,624	2,161	4,728

donated to charitable	companies, the trustees ofwhich are Tr	ustees ofthe Company.
		2022	2021
		4'000	4'000
Sassov Beis Hmnedrash		26
Beth Jacob Grammar	School for Girls Limited:
Donations		1,150	1,800
Provision offacilities		400	400

23.	RECONCILIATION OFNKT	INCOME TO NKT CASH USED	IN OPERATING A	CTIVITIES
			2022	2021
			s'000	s'sse
	Net expenditure forthe year		(1,917)	7,920
	Adjustments for: Losses/(gains) on investments Interest paid Dividends, interest and rents from investments		199 75 (1,422)	(7,609) 9 (2,200)
	Notional rent received		400	400
	Increase/(decrease) in charitable	loan provisions	334	45
	Net charitable loans (advanced)/repaid		(41)	(45)
	(Increase)/decrease in debtors		2/58	(12,007)
	Increase/(decrease) in creditors Increase/(decrease) in provisions	for liabilities	(1,018) 310	1,003 (33)
	Net cash used in operating activities		(822)	(12,517)
24.	ANALYSIS OF CASH AND CASH EQUIVALENTS
			2022	2021
			s'000	s'000
	Cash atBank and in Hand		6,637	6,728
	Total cash and cash equivalents		6,637	6,728

	2022		2021
	0'000	0'000	8000	0'000
Income and Endowments from:
Donations and Grants Received		1,250		1,880
Investments:
Income I'rom Fixed Asset Investments		634		616
Interest Receivable and Similar
Charges		298		455
Rents and Charges Receivable		1,794		1,446
Total Income		3,976		4,397
Expenditure on:
Raising Funds:
Properly Outgoings	(1,195)		(621)
Interest Payable and Similar Charges	(69)		(3)
Charitable Activities:
Grants and Donations	(3,177)		(3,061)
Direct Charitable Activities	(5)		(5)
Payments from Special Projects Fund	(1,063)		(222)
Other:
Governance Costs	(54)		(47)
Total Expenditure		(5,563)		(3,959)
NKT INCOME / (EXPENDITURE)
BEFOREGAINS ON INVESTMENTS		(1,587)		438
Net Gains! (Losses) on Investments:
Gain on sale ofInvestment Property	984		4,135
Valuation ofInvestment Property	(1,941)		1,010
Valuation ofListed and Other
Investments	617		2,346
		(340)		7,491
NET INCOME / (EXPENDITURE) FOR
THE YEAR AND MOVEMENT IN FUNDS		(1,927)		7,929
Reconciliation ofFunds:
Total Funds Brought Forward		90,261		82,332
TOTAL FUNDS CARRIED FORWARD		88,334		90,261

		2022		2021
		Unrestricted	Funds	Unrestricted	Funds
		0'000	0'000	0'000	0'000
Rents and Other Charges Receivable			1,794		1,446
Less: Property Outgoings
General and Water Rates		225		62
Insurance		66		34
Repairs and Maintenance		293		198
Lighting and Heating		113		87
Porterage and Cleaning		219		91
Legal and Professional	Charges	170		100
Service Charges		18		12
Letting Commission		91		37
			(1,195)		(621)
NET PROPERTY REVENUE			599		825