| PAGES | |||||
|---|---|---|---|---|---|
| Trustees' Annual Report (Incorporating |
the | Director's Report) | 1to 4 | ||
| Independent Auditor's |
Report to | the Members | 5to 10 | ||
| Statement ofFinancial | Acnvities | (Including | Income and Expenditure | ||
| Account) | |||||
| Statement ofFinancial | Position | 12 | |||
| Statement ofCash Flows | 13 | ||||
| Notes to the Financial | Statements | 14to23 |
| YEA | R ENDED | 31MAR | CH 2023 | CH 2023 | |||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | |||||||
| funds | Total funds | Total funds | |||||
| Note | |||||||
| Income and endowments | |||||||
| Investment income |
5 | 1,868,387 | 1,868,387 | 1,797,932 | |||
| Total income | 1,868,387 | 1,$6$,387 | 1,797,932 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Investment management |
costs | 6 | (533,163) | (533,163) | (334,309) | ||
| Expenditure on charitable |
activities | 7,8 | (1,510,580) | (1,510,5$0) | (2,386,538) | ||
| Total expenditure | (2,043,743) | (2,043,743) | (2,720,847) | ||||
| Net (losses)/gains on investments |
11 | (214) | (214) | 7,091 | |||
| Net expenditure and net |
movement | in funds | (175,570) | (1759570) | (915,824) | ||
| Reconciliation offunds | |||||||
| Total funds brought forward |
29,706,058 | 29,706,058 | 30,621,882 | ||||
| Total funds carried forward | 29,530,488 | 29,530,48829,706,058 |
| 31MARCH 2023 | 31MARCH 2023 | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Note | ||||||
| FIXEDASSETS | ||||||
| Investments | 15 | 27,984,124 | 27,984,338 | |||
| CURRENT ASSETS | ||||||
| Debtors | 16 | 803,203 | 942,958 | |||
| Cash at bank and in hand | 2)354,473 | 2,259,233 | ||||
| 3&157,676 | 3,202,191 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year | 17 | (1,611,312) | (1,480,471) | |||
| NET CURRENT ASSETS | 1,546,364 | 1,721,720 | ||||
| TOTAL ASSETSLESS | CURRENT | |||||
| LIABILITIES | 29,530,488 | 29,706,058 | ||||
| NET ASSETS | 29,530,488 | 29,706,058 | ||||
| FUNDS OFTHE CHARITY | ||||||
| Unrestricted funds |
29si30,48$ | 29,706,058 | ||||
| Total charity funds | 19 | 29,530,48$ | 29,706,058 |
| STATE YEAR |
MENT OF CASH FLOWS ENDED 31MARCH 2023 |
||
|---|---|---|---|
| 2023 | 2022 | ||
| CASH FLOWS FROM OPERATING | ACTIVITIES | ||
| Net expenditure | (175,570) | (915,824) | |
| Adjustments for: Net losses/(gains) on investments Dividends, interest and rents from investments Other interest receivable and similar income Interest payable and similar charges Accrued expenses Payment for expenditure on investment properties |
214 (1,868,160) (227) 60 4,200 533,103 |
(7,091) (1,797,929) (3) 68 334,241 |
|
| Changesin: Trade and other creditors |
9,232 | (10,034) | |
| Cash generated from operations |
(1,497,148) | (2,396,572) | |
| Interest received | 227 | 3 | |
| Net cash used in operating activities |
(1,496,921) | (2,396,569) | |
| CASH FLOWS FROM INVESTING ACTIVITIES Dividends, interest and rents from investments Pmceeds from sale ofother investments Payment for expenses on investment properties |
2,125,324 (533,103) |
2,047,404 755,570 (334,241) |
|
| Net cash from investing activities |
1,592,221 | 2,468,733 | |
| CASH FLOWS FROM FINANCING Interest paid |
ACTIVITIES | (60) | (68) |
| Net cash used in financing activities |
(60) | (68) | |
| NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR |
95~0 2,259,233 |
72,096 2,187,137 |
|
| CASH AND CASH EQUIVALENTS | AT END OFYEAR | 2,354,473 | 2,259,233 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |||||
| 6 | ||||||||
| UK investment property Income from UK listed |
revenue investments |
1,867,086 1,074 |
1,867,086 1,074 |
1,797,449 480 |
1,797,449 480 |
|||
| Interest receivable &similar income | 227 | 227 | 3 | 3 | ||||
| 1,868,387 | 1,868,387 | 1,797,932 | 1,797,932 | |||||
| INVESTMENT MANAGEMENT | COSTS | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2023 | Funds | 2022 | |||||
| Interest payable | and similar charges | 60 | 60 | 68 | 68 | |||
| Investment property management |
costs | 533,103 | 533,103 | 334,241 | 334,241 | |||
| 533,163 | 533,163 | 334,309 | 334,309 |
| 7. | EXPENDIT | URE ON CHARITABLE | ACTIVITIE | S BYFUND T | S BYFUND T | YPE | |
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| Grants paid Support costs |
1,487,800 22,780 |
1,487,800 22,7$0 |
2,371,500 15,038 |
2,371,500 15,038 |
|||
| 1,510,580 | 1,510,5$0 | 2,386,538 | 2,386,538 | ||||
| 8. | EXPENDITURE ON CHARITABLE | ACTIVITIES | BYACTIVITY TYPE | ||||
| Grant funding | Total funds | Total fund | |||||
| ofactivities | Support costs | 2023 | 2022 | ||||
| Grants paid Governance |
costs | 1,487,800 | 22,780 | 1dt87,800 22,7$0 |
2,371,500 15,038 |
||
| 1,487,800 | 22,780 | 1,510/$0 | 2,386,538 | ||||
| 9. | ANALYSIS | OF SUPPORT COSTS |
| 9. | ANALYSIS | OF SUPPOR | T COSTS | ||
|---|---|---|---|---|---|
| Grants paid | Total 2023 | Total 2022 | |||
| K | |||||
| Governance | costs | 22,780 | 22,780 | 15,038 | |
| 10. | ANALYSIS | OF GRANTS | |||
| 2023 | 2022 | ||||
| GRANTS TOINSTITUTIONS | |||||
| Advancement | ofeducation | and religion and the relief ofpoverty | 1,487,800 | 2,371,500 | |
| Total grants | 1,487,800 | 2,371,500 |
| Achisomoch Aid Company BCTrust |
100,000 50,000 |
|
|---|---|---|
| Farmwood Charitable Foundation |
50,000 | |
| Fountain ofChessed | 165,000 | |
| Friends ofWiznitz Limited | 25,000 | |
| Greenline Foundation Limited |
30,000 | |
| Moundfield Charities Limited |
320,000 | |
| Springfield Trust Limited United Torah Association |
295,000 25,000 |
|
| Wlodowa Charity k Rehabilitation |
Trust | 61,000 |
| Yeshiva Gedoilah Torah Veyirah Limited | 45,000 | |
| Other Donations less than f25,000 | 321,800 | |
| 1,487,800 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |||
| Realised gains/(losses) | on investment | |||||
| property Gains/(losses) |
on listed | investments | (214) | (214) | 5,570 1,521 |
5,570 1,521 |
| (214) | (214) | 7,091 | 7,091 | |||
| AUDITORS | REMUNERATION | |||||
| 2023 | 2022 | |||||
| Fees payable | for the audit ofthe financial | statements | 16,800 | 13,500 |
| YEARENDED 3 INVESTMENTS |
1MARCH 2023 | ||
|---|---|---|---|
| Listed | Investment | ||
| investments | properties | Total | |
| Cost or valuation | |||
| At 1 April 2022 | 17,925 | 27,966,413 | 27,984,338 |
| Additions | |||
| Other movements | (214) | (214) | |
| At 31March 2023 | 17,711 | 27,966,413 | 27,984,124 |
| Impairment | |||
| At 1April 2022 and 31March 2023 | |||
| Carrying amount At 31March 2023 |
17,711 | 27,966,413 | 27,984,124 |
| At 31March 2022 | 17,925 | 27,966,413 | 27,984,338 |
| 2023 | 2022 | ||
|---|---|---|---|
| K | |||
| Trade | debtors | 242,436 | 483,263 |
| Other | debtors | 560,767 | 459,695 |
| 803,203 | 942,958 |
| CREDITORS: amounts falling due within one y |
ear | |
|---|---|---|
| 2023 | 2022 | |
| f | ||
| Accruals and deferred income | 399,405 | 292,996 |
| Social security and other taxes | 52,318 | 43,086 |
| Other creditors | 1)159,589 | 1,144,389 |
| 1)611,312 | 1,480,471 |
| Investments Limited (f70,000). The trustees aforementioned companies. The amounts due to the loan creditors are interest DEFERRED INCOME |
of this company are also direct free and repayable on demand. |
ors of the |
|---|---|---|
| 2023 | 2022 | |
| f | ||
| At I April 2022 | 292,996 | 315,949 |
| Amount released to income | (292,996) | (315,949) |
| Amount deferred in year | 399,405 | 292,996 |
| At 31March 2023 | 399,405 | 292,996 |
| Unrestri | cted funds |
||||||
|---|---|---|---|---|---|---|---|
| At | |||||||
| At | Gains and 31March 20 | ||||||
| I | April 2022 | Income | Expenditure | losses | 23 f |
||
| General | funds | 29,706,058 | 1,868,387 | (2,043,743) | (214) | 29,530,488 | |
| At | |||||||
| At | Gains and 31March 202 | ||||||
| I | April 2021 | Income f |
Expenditure f |
losses f |
2 | ||
| General | funds | 30,621,882 | 1,797,932 | (2,720,847) | 7,091 | 29,706,058 |
| 20. | ANALYSIS | OF N | E | T ASSET | S | BETWEEN | FUN | DS | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | |||||||||||
| Funds | 2023 | |||||||||||
| Investments | 27,984,124 | 27,984,124 | ||||||||||
| Current assets | 3,157,676 | 3,157,676 | ||||||||||
| Creditors less | than | 1 year | (1,611,312) | (1,611@12) | ||||||||
| Net assets | 29,530,488 | 29,530,488 | ||||||||||
| 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 | ||||||||||
| 21. | FINANCIAL | INSTRUMENTS | ||||||||||
| The carrying | amount | for each | category offinancial | instrument | is as follows: | |||||||
| 2023 | 2022 | |||||||||||
| 4 | ||||||||||||
| Financial assets that are debt instruments | measured | at amortised | cost | |||||||||
| Financial assets that | are debt instruments measured |
at | amortised | |||||||||
| cost | 803,203 | 942,958 | ||||||||||
| Financial liabilities | measured | at amortised | cost | |||||||||
| Financial liabilities | measured | at | amortised cost | 1,611412 | 1,480,471 | |||||||
| 22. | ANALYSIS OF CHANGES | IN NET DEBT | ||||||||||
| At | At | |||||||||||
| 1 Apr 2022 f |
Cash flows | 31Mar 2023 | ||||||||||
| Cash at bank | and in | hand | 2,259,233 | 95,240 | 2ei54,473 |
| The total future minimum lease payments receivable und as follows: |
er non-cancellable operatin |
g leases are |
|---|---|---|
| 2023 | 2022 f |
|
| Not later than 1year |
1,720,282 | 1,612,347 |
| Later than 1year and not later than 5 years Later than 5years |
2,804,681 140,584 |
2,831,348 70,164 |
| 4,665,547 | 4,513,859 |