## ## ## ||||Page| |---|---|---|---| |Trustees'|annual
report||| |Independent
auditor's||report to the members|| |Statement|offinancial|activities|| |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|267685||||| |Principal office||New Burlington||House||| |||1075 Finchley|Road|||| |||London||||| |||NW11 OPV||||| |The trustees||Mr A Klein||||| |||Mr 3 Sternlicht||||| |||Mrs Z Sternlicht||||| |Auditor||Cohen Arnold||||| |||Chartered
accountants|||8r statutory|auditor| |||New Burlington||House||| |||1075 Finchley|Road|||| |||LONDON||||| |||NWI
1 OPU||||| |Solicitors||Bude Nathan|lwanier|||| |||1-2Temple Fortune Parade||||| |||Bridge Lane||||| |||London||||| |||NW11 OQN||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Year end|ed 5April|2023|2023|| |---|---|---|---|---|---|---|---|---|---| ||||||||2023||2022| ||||||||Unrestricted||| ||||||||funds|Total funds|Total funds| |||||||rtote|f||| |Income and endowments|||||||||| |Investment|income|||||4|767,625|767,625|771,910| |Total income|||||||767,625|767,625|771,910| |Expenditure|||||||||| |Expenditure|on raising funds:||||||||| |Investment
management||||costs||5|(326,591)|(326,591)|(320,199)| |Expenditure|on charitable||activities|||6,7|(170,288)|(170,288)|(186,931)| |Total expenditure|||||||(496,879)|(496,879)|(507,130)| |Net income|and net|movement|||in funds||270,746|270,746|264,780| |Reconciliation offunds|||||||||| |Total funds|brought|forward|||||5,545,086|5,545,086|5,280,306| |Total funds|carried|forward|||||5,815,832|5,815,832|5,545,086| ## ## ||||5April 2023|||| |---|---|---|---|---|---|---| ||||||2023|2022| |||||Note|f|| |Fixed assets||||||| |Investments||||12|8,953,727|8,953,727| |Current assets||||||| |Debtors||||13|223,726|305,494| |Cash at bank|and in hand||||5,992|46,436| ||||||229,718|351,930| |Creditors: amounts||falling due within|one year|14|(877,363)|(1,110,321)| |Net current|liabilities||||(647,645)|(758,391)| |Total assets|less current liabilities||||8,306,082|8,195,336| |Creditors: amounts||falling due after|more than one year|15|(2,490,250)|(2,650,250)| |Net assets|||||5,815,832|5,545,086| |Funds ofthe|charity|||||| |Unrestricted|funds||||5,815,832|5,545,086| |Total charity|funds|||16|5,815,832|5,545,086| ## ## ## |||Year|ended 5April 2023||| |---|---|---|---|---|---| |||||2023|2022| |Cash flows from operating||activities|||| |Net income||||270,746|264,780| |Adjustments for:|||||| |Dividends,
interest and rents from investments||||(767,431)|(771,895)| |Other interest receivable
and similar income||||(194)|(15)| |Interest payable
and similar||charges||158|130| |Accrued expenses/(income)||||13,755|(32,875)| |Changesin:|||||| |Trade and other debtors||||81,768|89,027| |Trade and other creditors||||497,327|(86,240)| |Cash generated
from operations||||96,129|(537,088)| |Interest paid||||(158)|(130)| |Interest received||||194|15| |Net cash from/(used
in) operating activities||||96,165|(537,203)| |Cash flows from investing||activities|||| |Dividends,
interest
and rents||from investments||767,431|771,895| |Net cash from investing
activities||||767,431|771,895| |Cash flows from financing||activities|||| |Proceeds from borrowings||||(904,040)|(214,942)| |Net cash used in financing|activities|||(904,040)|(214,942)| |Net (decrease)/increase
in|cash and cash||equivalents|(40,444)|19,750| |Cash and cash equivalents||at beginning|ofyear|46,436|26,686| |Cash and cash equivalents||at end ofyear||5,992|46,436| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |---|---|---|---|---|---|---|---|---| ||||||Funds|2023|Funds|2022| |Income from||investment||properties|767,431|767,431|771,895|771,895| |Bank interest||receivable|||194|194|15|15| ||||||767,625|767,625|771,910|771,910| |Investment||management||costs||||| ||||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||||Funds|2023|Funds|2022| |||||||I:||| |Portfolio|management||||83,161|83,161|100,037|100,037| |Rent collection|||||30,168|30,168|30,552|30,552| |Property|repairs||and maintenance||66,890|66,890|58,322|58,322| |Mortgage|interest||||138,647|138,647|99,802|99,802| |Finance|charges||||7,725|7,725|31,486|31,486| ||||||326,591|326,591|320,199|320,199| ## ## ## ## ## |Expenditure|on charitable|Year ended 5April
activities by fund type|2023||| |---|---|---|---|---|---| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2023|Funds|2022| ||||||f| |Grants to institutions||126,000|126,000|178,100|178,100| |Support costs||44,288|44,288|8,831|8,831| |||170,288|170,288|186,931|186,931| |Expenditure|on charitable|activities by activity type|||| |||Grant funding||Total funds|Total fund| |||ofactivities
f,|Support costs|2023|2022
f| |Grants to institutions||126,000||126,000|178,100| |Governance|costs||44,288|44,288|8,831| |||126,000|44,288|170,288|186,931| |8.|Analysis ofsupp|ort|costs|||||| |---|---|---|---|---|---|---|---|---| ||||Legal and|||||| ||||other|||Other||| |||professional||Accountancy||finance||| ||||fees|fees|Audit fees|costs|Total 2023|Total 2022| |||||||f||| ||Governance
costs||33,880|4,000|6,250|158|44,288|8,831| |9.|Analysis ofgrants|||||||| ||||||||2023|2022| ||Grants to institutions|||||||| ||Amud Hatzdokoh|Trust|||||50,000|21,500| ||Asser Bishvil Foundation|||||||20,000| ||Alte Feiga Trust||||||7,500|7,500| ||Beis Ruchel Dsatmar||(London)|Limited|||10,000|5,000| ||Bnos Jerusalem||||||10,000|| ||Chevras Mooz Ladol||||||9,500|12,000| ||UTRY Limited|||||||10,000| ||Yesamach Levav||||||1,000|10,000| ||Other donations|below f7,500|||||38,000|92,100| ||||||||126,000|178,100| ||Total grants||||||126,000|178,100| ## ## ## |||||2023|2022| |---|---|---|---|---|---| ||Advancement|ofJewish Education||45,800|52,100| ||Advancement|ofthe Jewish Faith||38,100|62,350| ||Relief ofPoverty|||42,100|63,650| ||Total|||126,000|178,100| |10.|Auditors
remuneration||||| |||||2023|2022| ||Fees payable|for the audit ofthe financial|statements|6,250|4,000| ## ## |The charity
did not meet any expenses (2022 ugnil) incurred
the charity.
Investments|by trustees
for services provided
t| |---|---| ||Investment| ||properties| |Cost or valuation|| |At 6April 2022 and 5April 2023|8,953,727| |Impairment|| |At 6April 2022 and 5April 2023|| |Carrying
amount|| |At 5April 2023|8,953,727| |At 5 April 2022|8,953,727| ## ## ## ## |Debtors||Year e|nded 5April 2023||| |---|---|---|---|---|---| |||||2023|2022| |Trade debtors
Other debtors||||148,182
75,544|265,696
39,798| |||||223,726|305,494| |Creditors: amounts|falling due within||one year||| |||||2023|2022| |Bank loans and overdrafts||||160,000|904,040| |Accruals and deferred
income
Social security and other taxes||||56,844
20,668|43,089
21,077| |Amounts
due to connected
Other creditors||undertakings||592,276
47,575|92,276
49,839| |||||877,363|1,110,321| |Creditors: amounts|falling|due after more than one year|||| |||||2023|2022| |Bank loans and overdrafts||||2,490,250|2,650,250| ## ## ## |Unrestr|icted
funds||||| |---|---|---|---|---|---| |||At|||At| |||6 April 2022|Income|Expenditure|5April 2023| |General
funds
Fair value reserve||3,703,976
1,841,110|767,625|(496,879)|3,974,722
1,841,110| |||5,545,086|767,625|(496,879)|5,815,832| |||At|||At| |||6 April 2021|Income|Expenditure|5 April 2022
f| |General
funds
Fair value reserve||3,439,196
1,841,110|771,910|(507,130)|3,703,976
1,841,110| |||5,280,306|771,910|(507,130)|5,545,086| ## ## ## ## |Analysis|ofnet as|set|s between
funds||| |---|---|---|---|---|---| |||||Unrestricted|Total Funds| |||||Funds|2023| |Tangible|fixed assets|||8,953,727|8,953,727| |Current assets||||229,718|229,718| |Creditors
Creditors|less than
1
greater than||year
1 year|(877,363)
(2,490,250)|(877,363)
(2,490,250)| |Net assets||||5,815,832|5,815,832| |||||Unrestricted|Total Funds| |||||Funds|2022| |||||L|| |Tangible fixed assets||||8,953,727|8,953,727| |Current assets||||351,930|351,930| |Creditors
Creditors|less than
1 year
greater than
1 year|||(1,110,321)
(2,650,250)|(1,110,321)
(2,650,250)| |Net assets||||5,545,086|5,545,086| ## |Financial instruments|Financial instruments|Financial instruments||||||| |---|---|---|---|---|---|---|---|---| |The carrying
amount for each|||category offinancial|instrument||is as follows. '||| ||||||||2023|2022| |Financial|assets that are debt instruments
measured||||at amortised||cost|| |Financial|assets that|are debt instruments
measured||at|amortised|||| |cost|||||||227,558|349,770| |Financial|liabilities|measured|at amortised
cost|||||| |Financial|liabilities|measured|at amortised
cost||||3,346,945|3,739,494| ## |Anal|ysis ofchanges
in net debt|||| |---|---|---|---|---| |||At||At| |||6 Apr 2022|Cash flows|5Apr 2023| |Cash|at bank and in hand|46,436|(40,444)|5,992| |Debt
Debt|due within one year
due after one year|(904,040)
(2,650,250)|744,040
160,000|(160,000)
(2,490,250)| |||(3,507,854)|863,596|(2,644,258)| ## ## ##