## 

## 

## 

|||Page|
|---|---|---|
|Trustees' annual report|||
|Independent<br>auditor's|report to the members||
|Statement offinancial|activities|11|
|Statement offinancial|position|12|
|Statement ofcash flows||13|
|Notes to the financial|statements|14|





|Reference and administrative|Reference and administrative|details||||
|---|---|---|---|---|---|
|Registered charity|name|Siva Charitable|Fund|||
|Charity registration|number|2676S5||||
|Principal office||New Burlington|House|||
|||1075Finchley Road||||
|||London||||
|||NW11 OPU||||
|The trustees||Mr A Klein||||
|||MrISternlicht||||
|||Mrs Z Sternlicht||||
|Auditor||Cohen Arnold||||
|||Chartered<br>accountants||dc statutory|auditor|
|||New Burlington|House|||
|||1075Finchley Road||||
|||LONDON||||
|||NW11 OPU||||
|Solicitors||Bude Nathan lwanier||||
|||1-2Temple Fortune Parade||||
|||Bridge Lane||||
|||London||||
|||NW11 OQN||||



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 



## 

## 

## 

|||||2022|2022|2021|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note||8||
|Income and endowments|||||||
|Investment<br>income|||4|771,910|771,910|822,635|
|Total income||||771,910|771,910|822,635|
|Expenditure|||||||
|Expenditure<br>on raising funds:<br>Investment<br>management<br>costs<br>Expenditure<br>on charitable<br>activities|||5<br>6,7|(320,199)<br>(186,931)|(320,199)<br>(186,931)|(227,480)<br>(785,949)|
|Total expenditure||||(507,130)|(507,130)|(1,013,429)|
|Net income/(expenditure)||and net movement|in funds|264,780|264,780|(190,794)|
|Reconciliation offunds|||||||
|Total funds brought<br>forward||||5,280,306|5,280,306|5,471,100|
|Total funds carried forward||||5,545,086|5,545,086|5,280,306|





## 

## 

||||5April 2022||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|g||
|Fixed assets|||||||
|Investments||||12|8,953,727|8,953,727|
|Current assets|||||||
|Debtors||||13|305,494|394,521|
|Cash at bank|and in hand||||46,436|26,686|
||||||351,930|421,207|
|Creditors: amounts||falling due within|one year|14|(1,110,321)|(525,396)|
|Net current|liabilities||||(758,391)|(104,189)|
|Total assets|less current liabilities||||8,195,336|8,849,538|
|Creditors: amounts||falling due after|more than one year|15|(2,650,250)|(3,569,232)|
|Net assets|||||5,545,086|5,280,306|
|Funds ofthe <br>Unrestricted|charity<br>funds||||5,545,086|5,280,306|
|Total charity|funds|||16|5,545,086|5,280,306|





## 

## 

## 

||Siva Charitable<br>Fund<br>Statement ofCash Flows<br>Year ended 5April 2022|||
|---|---|---|---|
|||2022f|2021|
|Cash flows from operating<br>Net income/(expenditure)|activities|264,780|(190,794)|
|Adjustments for:<br>Dividends,<br>interest and rents from investments||(771,895)|(822,597)|
|Other interest receivable and similar income||(15)|(38)|
|Interest payable<br>and similar <br>Accrued (income)/expenses|charges|130<br>(32,875)|454<br>13,574|
|Changes in:<br>Trade and other debtors||89,027|(177,568)|
|Trade and other creditors||(86,240)|14,061|
|Cash generated<br>from operations||(537,088)|(1,162,908)|
|Interest paid<br>Interest received||(130)<br>15|(454)<br>38|
|Net cash used in operating|activities|(537,203)|(1,163,324)|
|Cash flows from investing<br>activities<br>Dividends,<br>interest and rents from investments||771,895|822,597|
|Net cash from investing<br>activities||771,895|822,597|
|Cash flows from financing|activities|||
|Proceeds from borrowings||(214,942)|(200,000)|
|Net cash used in financing|activities|(214,942)|(200,000)|
|Net increase/(decrease)<br>in|cash and cash equivalents|19,750|(540,727)|
|Cash and cash equivalents|at beginning ofyear|26,686|567,413|
|Cash and cash equivalents|at end ofyear|46,436|26,686|





## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

|have been had the impair<br>Investment<br>income|ment<br>not pre|viously<br>been rec|ognised.|||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
||||||8|
|Income from investment|properties|771,895|771,895|760,377|760,377|
|Income from lease extensions||||62,220|62,220|
|Bank interest receivable||15|15|38|38|
|||771,910|771,910|822,635|822,635|
|Investment<br>management|costs|||||
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
|Portfolio management||100,037|100,037|37,961|37,961|
|Rent collection||30,552|30,552|29,992|29,992|
|Property repairs and maintenance||58,322|58,322|16,729|16,729|
|Mortgage interest||99,802|99,802|103,416|103,416|
|Finance charges||31,486|31,486|39,382|39,382|
|||320,199|320,199|227,480|227,480|



## 



## 

## 

## 

## 

## 

## 

|Expenditure|on charitable|Year ended 5April <br>activities by fund type|2022|||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
|Grants to institutions||178,100|178,100|781,350|781,350|
|Support costs||8,831|8,831|4,599|4,599|
|||186,931|186,931|785,949|785,949|
|Expenditure|on charitable|activities by activity type||||
|||Grant funding||Total funds|Total fund|
|||ofactivities|Support costs|2022|2021|
|Grants to institutions||178,100||178,100|781,350|
|Governance|costs||8,831|8,831|4,599|
|||178,100|8,831|186,931|785,949|



## 

## 

|Analysis of|suppo|rt costs||||||
|---|---|---|---|---|---|---|---|
|||Legal and||||||
|||other|||Other|||
|||professional|Accountancy||finance|||
|||fees|fees|Audit fees|costs|Total 2022|Total 2021|
|Governance|costs|700|4,000|4,000|131|8,831|4,599|



## 

## 

|Included<br>in grants paid a|re the following:|||
|---|---|---|---|
|||2022|2021|
|Grants to institutions||||
|Amud Hatzdokoh<br>Trust||21,500|36,000|
|Asser Bishvil Foundation||20,000|50,000|
|Chevras Mo'oz Ladol||12,000|20,000|
|UTRY Limited||10,000|75,000|
|United Talmudical<br>Assocates Limited|||182,000|
|Vyoel Moshe Charitable|Trust|6,500|30,000|
|Yesamach Levav||10,000|20,000|
|Other donations<br>below 630,000||98,100|368,350|
|||178,100|781,350|
|Total grants||178,100|781,350|





## 

## 

## 

## 

|2022|2021|
|---|---|
|f.|8|
|4,000|4,200|



## 

## 

## 

|||Investment|
|---|---|---|
|||properties|
|Cost orvaluation|||
|At 6April|2021and 5April 2022|8,953,727|
|Impairment|||
|At 6April|2021and 5April 2022||
|Carrying<br>At 5April|amount<br> 2022|8,953,727|
|At 5April|2021|8,953,727|



## 

## 

|||2022f|2021|
|---|---|---|---|
|Trade|debtors|265,696|355,121|
|Other|debtors|39,798|39,400|
|||305,494|394,521|





## 

## 

## 

## 

|Year ended 5April <br> Creditors: amounts<br>falling due within<br>one year|2022||
|---|---|---|
||2022|2021|
|Bank loans and overdrafts|904,040|200,000|
|Accruals and deferred income|43,089|75,964|
|Social security and other taxes|21,077|26,442|
|Amounts<br>due to connected undertakings|92,276|175,192|
|Other creditors|49,839|47,798|
||1,110,321|525,396|



||||2022|2021|
|---|---|---|---|---|
||Bank loans and overdratls||2,650,250|3,569,232|
|16.|Analysis ofcharitable|funds|||



|Analysis ofcharitable<br>funds<br>Unrestricted<br>funds|||||
|---|---|---|---|---|
||At|||At|
||6April 2021|Income|Expenditure|5April 2022|
||f,||||
|General funds|3,439,196|771,910|(507,130)|3,703,976|
|Fair value reserve|1,841,110|||1,841,110|
||5,280,306|771,910|(507,130)|5,545,086|
||At|||At|
||6April 2020|Income|Expenditure|5 April 2021|
||6|8||4|
|General funds|3,629,990|822,635|(1,013,429)|3,439,196|
|Fair value reserve|1,841,110|||1,841,110|
||5,471,100|822,635|(1,013,429)|5,280,306|





## 

## 

## 

## 

|Analysis ofnet assets|betwee|n<br>funds||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Unrestricted|Total Funds|
|||||||||Funds|2022|
|||||||||8||
|Tangible fixed assets<br>Current assets||||||||8,953,727<br>351,930|8,953,727<br>351,930|
|Creditors less than<br>1 year||||||||(1,110,321)|(1,110,321)|
|Creditors greater than|1 year|||||||(2,650,250)|(2,650,250)|
|Net assets||||||||5,545,086|5,545,086|
|||||||||Unrestricted|Total Funds|
|||||||||Funds|2021|
|Tangible fixed assets||||||||8,953,727|8,953,727|
|Current assets||||||||421,207|421,207|
|Creditors less than<br>1year||||||||(525,396)|(525,396)|
|Creditors greater than|1 year|||||||(3,569,232)|(3,569,232)|
|Net assets||||||||5,280,306|5,280,306|
|Financial instruments||||||||||
|The carrying<br>amount|for each|category offinancial|||instrument||is as follows:|||
|||||||||2022|2021|
|Financial assets that|are debt instruments|||measured||at amortised||cost||
|Financial assets that are debt instruments|||measured||at|amortised||||
|Goat||||||||349,770|421,207|
|Financial liabilities measured||at amortised||cost||||||
|Financial liabilities measured||at amortised|cost|||||3,739,494|4,068,186|
|Analysis ofchanges|in net debt|||||||||
|||||||At|||At|
|||||||6Apr|2021|Cash flows|5Apr 2022|
|||||||||8||
|Cash at bank and in hand|||||||26,686|19,750|46,436|
|Debt due within one year||||||(200,000)||(704,040)|(904,040)|
|Debt due after one year||||||(3,569,232)||918,982|(2,650,250)|
|||||||(3,742,546)||234,692|(3,507,854)|



## 

## 



## 

## 

##