2022-06-30-accounts - Rachel Charitable Trust

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to
Report ofthe Independent Auditors	5	to	7
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes tothe Cash Flow Statement
Notes tothe Financial Statements	12	to	22

TRUSTEES	L Noe
	5DNoe
	5 Kanter
	S M Noe (appointed		31.1.22)
CHARITY SECRETARY	R Chalk
PRINCIPAL ADDRESS	30 Market Place
	London
	W1W BAP
REGISTERED CHARITY NUMBER	276441
AUDITORS	Melinek Fine LLP
	Chartered Accountants
	Statutory Auditors
	First Floor, Winston		House
	349 Regents Park Road
	London
	N3 1DH
SOLICITORS	Ft ad gate LLP
	16Great Queen	Street
	London
	WC28 5DG
BANKERS	Metro Bank
	1Southampton	Row
	London
	WC18 5HA

			2022		2021
			Unrestricted		Total
			fund		funds
		Notes	F.		I
INCOME AND ENDOWMENTS	FROM
Donations and legacies			3,803,561	3,605,000
Investment Income
Total			00 ~ 0	559,
EXPENDITURE ON
Raising funds			995,551	1,138,109
Charitable activities
Education and training			1,470,909	1,051,030
The advancement of health			100,280		95,760
The prevention and relief of poverty			624,635		602,626
Religious activities			179,161		297,499
Other charitable purposes			329,167		389,620
Other Total			8 74 ~ 72»		11,094 »0
Net gains/(losses) on investments			27»	~52 999
NET INCOME			671937090	1	641483
RECONCILIATION OF FUNDS
Total funds brought forward			20,482,084	18,840,601
TOTAL FUNDS CARRIED FORWARD			20 074	20	48 000

			2022	2021
			Unrestricted	Total
			fund	funds
		Notes	I	I
FIXEDASSETS Tangible assets		13	30,000	30,000
Investments Investments Investment property		14 15	2,829,836 3,179,369 00»5
			43,069,836	34,784,369
CURRENT ASSETS Debtors Cash at bank		16	17733981 61 03	21053786 183919
			2,347,084	4,237,705
CREDITORS Amounts falling	due within one year	17	(470717783)	( I 669 500)
NET CURRENT	LIABILITIES		~269 2	~7952
TOTAL ASSETSLESS CURRENT LIABILITIES			4173457137	34 352 574
CREDITORS Amounts falling	due after more than one year	18	(1476697963)	(13870490)
NET ASSETS			1	20, 0
FUNDS Unrestdcted funds TOTAL FUNDS		21	6 1»0 77800

					2022	2021
			Notes		6	6
Cash flows from operating activities Cash generated from operations					9	~1522 248
Net cash provided by operating activities						1 522 248
Cash flows from investing		activities
Purchase of investment property				(4,508,220)		(93,000)
Sale of fixed asset investments Interest received					350,000	2,421,207 ~1605
Net cash (used in)/provided		by investing	activities	u	93	~2329812
Cash flows from financing		activities
Proceeds from borrowings				2,496,493
Loan repayments in year Interest paid				(548,724) ~993		(1,969,553) ~683818)
Net cash provided by/(used	in) financing		activities	1	9	~2653 371)
Change in cash and cash		equivalents	in
the reporting period				(115703816)		1,198,689
Cash and cash equivalents beginning ofthe reporUng		at the period		2	399	~985230
Cash and cash equivalents		atthe end of
the reporting period					3	~2183919

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022	2021
					E		E
Net income forthe reporting Financial Activides)	period (as per the	Statement	of		6,193,090		1,641,483
Adjustments for: (Gain)/losses on investments Interest received Interest payable Decrease/(increase) ln debtors Decrease in creditors					(4,127,247) (2,025) 542,968 319,805 (37 0 3)		452,399 (1,605) 683,818 (1,156,951) ~96 896
Net cash provided by operations					1 10D570		15 48
ANALYSIS OF CHANGES IN	NET DEBT
			At 1.7.21		Cash flow		At30.6.22
				E	E		E
Net cash Cash at bank			1	9	)5 16)		63 0
				19	( )
Debt Debts falling due within 1year Debts falling due after 1year			(5297701) 3 )		(171457946) ~DS )	(	(176757647) N
		L	80	1)	i 07 9)(		)
Total		(3300 03 )			J 10 05)	(	~ 9 07)

INVESTMENT INCOME
						2022 f	2021f
Rents received Deposit account Interest						2,047,534 20	2,073,015 ~1605
						204 9	0 620
RAISING FUNDS
Investment management	costs					2022 F.	2021f
Management costs Property repairs 83Maintenance costs Rates 83Insurance Legal 83 Professional fees Other portfolio management cost Interest payable 83 bank charge						58,414 42,109 97,272 228,050 26,738 042 900	88,266 42,628 42,037 258,973 22,387 ~683818
						99	30 09
CHARITABLE ACTIVITIES	COSTS
The total grants paid to institutions		during	the year	was as follows	2022 f		2021 f
The Kemach Foundation Other donations less than f300,000				2	686,055 097		698,612 92
				~04			4 35

GRANTSPAYABLE
	2022 f	2021f
Education and training The advancement of health The prevention and relief of poverty Religious activities Other charitable purpoees	1,470,909 100,280 624,635 179,161 3 36	1,051,030 95,760 602,626 297,499 ~389 620
	27	24 35

				Governance
				costs
				I
Other resources expended				9~435
AUDITORS'	REMUNERATION
			2022 6	2021I
Fees payable	to the charity's auditors for the audit of the charity's	financial
statements			~9435	~11 094

COMPARATIVES FOR THE ST	ATEMENT OF FINANCIAL ACTIV	ITIES
		Unrestricted
		fund
		6
INCOME AND ENDOWMENTS	FROM
Donations and legacies		3,605,000
Investment Income		7
Total		6 620
EXPENDITURE ON
Raising funds		1,138,109
Charitable activities
Education and training		1,051,030
The advancement of health		95,760
The prevention and relief of poverty		602,626
Religious activities		297,499
Other charitable purposes		389,620
Other		1109
Total		585 738
Net galas/(losses) on investments		~399)
NET INCOME		1,641,483

RECONCILIATION Total funds brought	OF FUNDS forward	18,840,601

FD(EDASSET INVESTMENTS
	Usted	Unlisted
	Investments	investments	Totals
	E	E
MARKET VALUE At 1 July 2021 Dlspo sais Revaluations	19,368 467	3,160,001 (350,000)	3,179,369 (350,000) 467
At 30June 2022	~19 835	2~810001	2~829836
NET BOOK VALUE At 30June 2022	~19835	~810001	2~829836
At 30 June 2021	~19368	~3160 001	~3179369

FAIR VALUE
At 1july 2021	31,575,000
Additions	4,508,220
Revaluation		126	DD
At 30june 2022
NET BOOK VALUE
At 30june 2022	4
At 30june 2021	3	575	000

Fair value	at	30june 2022 is represented by:
				F.
Valuation Valuation	In in	2019 2020	(1,537,576) 141,127
Valuation	In	2021		(93,000)
Valuation	In	2022		4,126,780
Cost			3	~72 66
				2 DDD

		2022	2021
		E	E
Trade debtors		171,742	375,025
Other debtors		1,205,819	1,275,929
Prepayments	and accrued income	D	~402 832
		6	05 706

CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
	2022 f	2021 f
Bank loans and overdrafts (see note 19) Trade creditors Taxatlon and sodai security Other creditors	176757647 9,157 105,745 2 81	529,701 3,747 133,957 ~4002 095
	7	500

CREDITORS:AMOUNTS FALL	ING DU	E AFT	ER MORE THAN ONE YEAR
					2022 f				2021 f
Bank loans (see note 19) Other creditors				14,135,063 ~3 0				13,333,240 3»50
					669983»				870 90
Other creditors include charitable	commitments		off534,900(2021:f537,250)	pledged		to be	paid	after	one year
LOANS
An analysis ofthe maturity of loans is given below:
						2022			2021
						f			f
Amounts falling due within one year on demand: Bank loans				167 64					59 01
Amounts falling due in more than	five years:
Repayable otherwise than by Instalments: Bank loans more 5 yrs non-Inst				1				1»»0
SECURED DEBTS
The following secured debts are	included	within	creditors;
						2022 f			2021
				1	8			1	86294

MOVEMENT	MOVEMENT		IN FUNDS	IN FUNDS	IN FUNDS
														Net
														movement		At'
													Ai 1.7.21	In funds		30.6.22
													I	f		E
Unrestricted			funds
General	fund												2074827D84	671937090	2646757174
TOTAL	FUNDS												00*	0 03	2	5 4
Net movement			in funds,		included		in	the above	are	as follows:
										Incoming			Resources	Gains and		Movement
										resources E			expended f	losses f		In funds I
Unrestricted			funds
General	fund								54853			120	(37787277)	47127 247	67193709D
TOTAL	FUNDS										~	0	u70»777»		0	93 0
Comparatives				for movement			in funds
														Net
														movement		At
													At' 1.7.20	In funds		30.6.21
														E		E
Unrestricted			funds
General	fund												18,840,601	1,641,483	20,482,084
TOTAL	FUNDS												0	4»		04
Comparative		net		movement		in funds,		Included	in the		above are		as follows:
										Incoming			Resources	Gains and		Movement
										resources			expended	losses		in funds
												E	E	E		E
Unrestricted			funds
General	fund									5	6797620		(34585 738)	(452399)		1,641,483
TOTAL	FUNDS								~5679 620				~3585 738)	~452 399)	~1641483

charitable	s are as follows:
		2021	2021
		F.	E
Investment Management Property sale/purchase Capitalised Finance Costs	Costs	58,697 166	191,290 1,250 0 000
		66 63	30 50

					2022		2021
					E		E
Financial	assets measured at fair value through		income and
expenditure Finandal assets measured at fair value through		Income	and expenditure	30	36	470	369
Financial	assets that are debt instruments	measured at
amortlsed cost I~ dd		d	i~		00	23»
Financial	liabilities measured at amortlsed	cost
Financial	liabilities measured at amortised cost				74		0

The total f	uture minimum lease payments receivable under n	on-cancellable operating leases ar	e as follows'.
		2022	2021
		E	I
Not later than 1year		1,7700,347	1,706,444
Later than Later than	1 year and not later than 5 years 5 years	4,072,568 1 2	3,909,494 3»
		7 0 01	70 0