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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|Acnvities|(Including||Income and Expenditure||
|Account)||||||
|Statement ofFinancial|Position||||12|
|Statement ofCash Flows|||||13|
|Notes to the Financial|Statements||||14to23|
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|||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$0)|(2,386,538)|
|Total expenditure|||||(2,043,743)|(2,043,743)|(2,720,847)|
|Net (losses)/gains
on investments||||11|(214)|(214)|7,091|
|Net expenditure
and net|movement||in funds||(175,570)|(1759570)|(915,824)|
|Reconciliation offunds||||||||
|Total funds brought
forward|||||29,706,058|29,706,058|30,621,882|
|Total funds carried forward|||||29,530,488|29,530,48829,706,058||
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|||31MARCH 2023|31MARCH 2023||||
|---|---|---|---|---|---|---|
||||2023||2022||
|||Note|||||
|FIXEDASSETS|||||||
|Investments||15||27,984,124||27,984,338|
|CURRENT ASSETS|||||||
|Debtors||16|803,203||942,958||
|Cash at bank and in hand|||2)354,473||2,259,233||
||||3&157,676||3,202,191||
|CREDITORS: amounts|falling due||||||
|within one year||17|(1,611,312)||(1,480,471)||
|NET CURRENT ASSETS||||1,546,364||1,721,720|
|TOTAL ASSETSLESS|CURRENT||||||
|LIABILITIES||||29,530,488||29,706,058|
|NET ASSETS||||29,530,488||29,706,058|
|FUNDS OFTHE CHARITY|||||||
|Unrestricted
funds||||29si30,48$||29,706,058|
|Total charity funds||19||29,530,48$||29,706,058|
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|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|
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||||||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|
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|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|
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|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|
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||||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|
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|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|
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|||2023|2022|
|---|---|---|---|
|||K||
|Trade|debtors|242,436|483,263|
|Other|debtors|560,767|459,695|
|||803,203|942,958|
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|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|
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|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|
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|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|
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|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|
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|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|
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