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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|
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|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|||
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||||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|
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||||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|
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|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)|
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|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|
##
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|||||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|
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|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|
##
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##
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|RECONCILIATION
Total funds brought|OF FUNDS
forward|18,840,601|
|---|---|---|
##
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|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|
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|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|
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|||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|
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|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|
##
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|21.|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||
##
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|charitable
|rate. The detail|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|
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||||||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|
##
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##
|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|