2022-03-31-accounts - Hurdale Charity Limited

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					PAGES
Trustees' Annual Report (Incorporating			the	Director's Report)	1to 4
Independent Auditor's	Report to	the Members			5to 10
Statement ofFinancial	Activities	(Including		Income and Expenditure
Account)
Statement ofFinancial	Position				12
Statement ofCash Flows					13
Notes to the Financial	Statements				14to23

				2022	2022	2021
				Unrestricted
				funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies			5			500,000
Investment income			6	1,797,932	1,797,932	1,985,255
Total income				1,797,932	1,797,932	2,485,255
Expenditure
Expenditure on raising funds:
Investment management		costs	7	(334,309)	(334,309)	(118,104)
Expenditure on charitable	activities		8,9	(2,386,538)	(2,386,538)	(1,835,032)
Total expenditure				(2,720,847)	(2,720,847)	(1,953,136)
Net gains on investments			12	7,091	7,091	439,190
Net (expenditure)/income		and net movement	in funds	(915,824)	(915,824)	971,309
Reconciliation offunds
Total funds brought forward				30,621,882	30,621,882	29,650,573
Total funds carried forward				29,706,058	29,706,058	30,621,882

YEAR	ENDED 31MARCH 2022
		2022	2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net (expend iture)/income		(915,824)	971,309
Adjustments for:
Net gains on investments		(7,091)	(439,190)
Dividends, interest and rents from investments		(1,797,929)	(1,985,255)
Other interest receivable and similar income		(3)
Interest payable and similar charges		68	84
Accrued expenses			600
Payment for expenditure on investment	properties	334,241	118,020
Changes in:
Trade and other debtors			2
Trade and other creditors		(10,034)	(786,382)
Cash generated from operations		(2,396,572)	(2,120,812)
Interest received
Net cash used in operating activities		(2,396,569)	(2,120,812)
CASH FLOWS FROM INVESTING	ACTIVITIES
Dividends, interest and rents from investments		2,047,404	1,647,010
Proceeds from sale ofother investments		755,570	25,250
Payment for expenses on investment properties		(334,241)	(155,257)
Net cash from investing activities		2,468,733	1,517,003
CASH FLOWS FROM FINANCING	ACTIVITIES
Interest paid		(68)	(84)
Net cash used in fmancing activities		(68)	(84)
NET INCREASE/(DECREASE) IN CASH AND CASH
EQUIVALENTS		72,096	(603,893)
CASH AND CASH EQUIVALENTS	AT BEGINNING OF YEAR	2,187,137	2,791,030
CASH AND CASH EQUIVALENTS	AT END OF YEAR	2,259,233	2,187,137

DONATIONS	AND L	EGACIES
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022	Funds	2021
DONATIONS
Donations received					500,000	500,000
INVESTMENT	INCOME
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022	Funds	2021
				K
UK investment	property	revenue	1,797,449	1,797,449	1,985,255	1,985,255
Income from UK listed		investments	480	480
Interest receivable &similar income			3	3
			1,797,932	1,797,932	1,985,255	1,985,255

Achisomoch Aid Company	Achisomoch Aid Company		90,000
Amud Hatzdokoh Trust			94,000
Beis Aharon Trust			27,000
British Friends ofMishan	L'Choleh		32,000
British Friends ofTiferes	Chaim		30,000
Chasdei Aharon			30,000
Fountain ofChessed			264,000
Finegrant			160,000
Friends ofBeis Chinuch	Lebenos		40,000
Greenline Foundation			130,000
Moundfield Charities Limited			405,000
Springfield Trust Limited			495,000
United Torah Association			35,000
Wlodowa Charity &Rehabilitation		Trust	63,000
Yeshiva Gedoila Torah Veyira			70,000
YGS Yeshiva Gedola Seminar			44,000
Other Donations less than f25,000			362,500
			2,371,500

NET GAI	NS	ON INV	ESTMKNTS
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022	Funds	2021
				5			r,
Realised gains/(losses)			on investment
property				5,570	5,570	25,250	25,250
Unrealised	gain/()osses)		investment
property Gains/(losses)		on listed	investments	1,521	1,521	410,000 3,940	410,000 3,940
				7,091	7,091	439,190	439,190
AUDITORS		REMUNERATION
						2022	2021
Fees payable		for the audit ofthe financial		statements		13,500	12,600

No remuneration or other benefits from empl received by the trustees. No trustees expenses have been incurred. INVESTMENTS	oyment with the chari	ty or a related	entity were
	Listed	Investment
	investments	properties	Total
Cost or valuation
At 1 April 2021	16,404	28,716,413	28,732,817
Additions
Disposals		(750,000)	(750,000)
Other movements	1,521		1,521
At 31March 2022	17,925	27,966,413	27,984,338
Impairment
At 1 April 2021 and 31March 2022
Carrying amount At 31March 2022	17,925	27,966,413	27,984,338
At 31 March 2021	16,404	28,716,413	28,732,817

CREDIT	ORS	: amounts falling due within one y	ear
			2022	2021
			K
Accruals	and deferred income		292,996	315,949
Social security		and other taxes	43,086	53,120
Other creditors			1,144,389	1,134,489
			1,480,471	1,503,558

21.	ANALYSIS	OF N	ET ASSE	TS	BETWE	EN	FUN	DS
											Unrestricted	Total Funds
											Funds	2022
	Investments										27,984,338	27,984,338
	Current assets										3,202,191	3,202,191
	Creditors less	than	1 year								(1,480,471)	(1,480,471)
	Net assets										29,706,058	29,706,058
											Unrestricted	Total Funds
											Funds	2021
	Investments										28,732,817	28,732,817
	Current assets										3,392,623	3,392,623
	Creditors less	than	1 year								(1,503,558)	(1,503,558)
	Net assets										30,621,882	30,621,882
22.	FINANCIAL	INSTRUMENTS
	The carrying	amount for each		category of		financial		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
	cost										942,958	1,205,486
	Financial liabilities		measured		at amortised		cost
	Financial liabilities		measured	at	amortised	cost					1,480,471	1,503,558
23.	ANALYSIS OF CHANGES			IN NET DEBT
									At			At
									1 Apr 2021		Cash flows	31Mar 2022
											f.
	Cash at bank	and in	hand						2,187,137		72,096	2,259,233