| 2023 | 2022 | |||
|---|---|---|---|---|
| Total | Total | |||
| K | ||||
| Notes | ||||
| INCOME AND ENDOWMENTS | ||||
| Donations and Legacies Investment Income |
322,405 1,392,770 |
251,048 1,317,096 |
||
| TOTAL INCOME | 1,715,175 | 1,568,144 | ||
| EXPENDITURE | ||||
| Expenditure on Raising Funds: Investment Management Costs |
6 | (385/12) | (371,481) | |
| Expenditure on Charitable Activities |
7/8 | (2,173,613) | (1,742,244) | |
| TOTAL EXPENDITURE | (2,558,925) | (2,113,725) | ||
| Net valuation gain on investment |
property | (30,000) | 250,000 | |
| Net gains on disposal of investment | assets | 543,768 | 46,722 | |
| NKT INCOME BEFORE TAXATION | (329,982) | (248,859) | ||
| Taxation | (15,000) | |||
| NET INCOME AND | (344982) | (248 859) | ||
| NKT MOVEMENT OF FUNDS | ||||
| RECONCILIATION OFFUNDS | ||||
| Unrestricted funds Brought Forward |
16,744454 | 16,993,113 | ||
| TOTAL FUNDS CARRIED FORWARD | '216,399472 | f16,744,254 |
| Group | Charity | Charity | |||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||||
| Notes | |||||||
| FIXEDASSETS | |||||||
| Investment properties |
14 | 15,147,768 | 15,475,261 | 14,897,768 | 15,195,261 | ||
| Investment in subsidiary |
14 | 432,487 | 477,971 | ||||
| 15,147,768 | 15,475,261 | 15430455 | 15,673,232 | ||||
| CURRENT ASSETS | |||||||
| Debtors | 15 | 228,018 | 176,403 | 228,018 | 176,403 | ||
| Investments | 15 | 30,000 | 10,000 | 30,000 | 10,000 | ||
| Cash at Bank and in hand | 11364)735 | 1,523,181 | 1463,175 | 1,519,137 | |||
| 1,622,753 | 1,709,584 | 1,621,193 | 1,705,540 | ||||
| LIABILITIES | |||||||
| Creditors falling due |
within | one | 16 | (309449) | (393,591) | (552,176) | (634,518) |
| year | |||||||
| NET CURRENT ASSETS | IP13,504 | 1,315,993 | 1,069,017 | 1,071,022 | |||
| TOTAL ASSETSLESS | |||||||
| CURRENT LIABILITIES | 16,461,272 | 16,791,254 | 16/99/72 | 16,744,254 | |||
| PROVISIONS FOR | 17 | ||||||
| LIABILITIES&CHARGES | (62,000) | (47,000) | |||||
| NKT ASSETS | f16,399472 | f16,744,254 | g16P99472 | f16,744,254 | |||
| FUNDS | |||||||
| TOTAL CHARITY FUNDS | 18,19 | %16499472 | f16,744,254 | g16,399472 | I16,744,254 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from | operating | activities: | |||||
| Net cash used in | operating | activities | 20 | (1,952,305) | (1,507,801) | ||
| Cash flows from | investing | activities: | |||||
| Net cash provided | by investing activities |
1,863,859 | 1,170,331 | ||||
| Cash flows from | financing | activities: | |||||
| Net cash provided | by financing activities |
(70,000) | |||||
| Change in cash and cash | equivalents | in the year | (158,446) | (337,470) | |||
| Cash and cash equivalents | at the beginning ofthe year | 1,523,181 | 1,860,651 | ||||
| Cash and cash equivalents | at the end | ofthe year | 20 | 81,364,735 | f1,523,181 |
| Total Funds | Total Funds | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Rents and | charges receivable | 1,377,990 | 1,315,821 | |
| Interest receivable | 14,780 | 1,275 | ||
| f1,392,770 | K1,317,096 | |||
| 6. | INVESTMENT MANAGEMENT | COSTS | ||
| Total Funds | Total Funds | |||
| 2023 | 2022 | |||
| Investment | property | |||
| management costs |
%385,312 | 6371,481 | ||
| EXPENDITURE ON CHARITABLE ACTIVITIES BYFUND TYPE | ||||
| Total Funds | Total Funds | |||
| 2023 | 2022 | |||
| Donations | paid | 2,156,201 | 1,724,844 | |
| Support costs | 17,412 | 17,400 | ||
| K2,173,613 | K1,742,244 |
| EXPENDI | TURE ON C | HARITABLE ACTIV | ITIES BYAC | TIVITY TYPE | |
|---|---|---|---|---|---|
| Grant | |||||
| Funding | Support | Total Funds | Total Funds | ||
| Activities | Costs | 2023 | 2022 | ||
| g | |||||
| Donations | paid | 2,156,201 | 2,156,201 | 1,724,844 | |
| Governance | costs | 17,412 | 17,412 | 17,400 | |
| 52,156)201 | f17,412 | g2,173,613 | I.1,742,244 |
| Amud Hatzedakah | Trust | 153,950 | |
|---|---|---|---|
| Yesamach Levav | Trust | 144,311 | |
| Tchabe Kollel Limited | 108,500 | ||
| Achisomoch Aid |
Co Limited | l07,000 | |
| Other donations less than 6100,000 in aggregate |
or individually | 1,642,440 | |
| Total donations | g2,156,201 |
| 9. | ANALYSIS | OF SUPPORT C | OSTS | ||
|---|---|---|---|---|---|
| Total 2023 | Total 2022 | ||||
| Governance | costs | 17,412 | 17,400 | ||
| 10. | NET MOVEMENT IN FUNDS | ||||
| This is stated | atter charging: | ||||
| Total 2023 | Total 2022 | ||||
| Auditor's Remuneration |
17,400 | 17,400 | |||
| Amortisation | ofshort leasehold | properties | 66,755 | 66,755 |
| NVESTMKNT PROPE | RTIES | |||
|---|---|---|---|---|
| Freehold | Long leasehold | Short leasehold | Total | |
| Interest | ||||
| ~Grou | ||||
| Cost/valuation | 14,527,703 | 405,000 | 923,448 | 15,856,151 |
| At 1 July 2022 |
||||
| Additions | ||||
| Disposals | (730,738) | (730,738) | ||
| Revaluation | 500,000 | 500,000 | ||
| At 30June 2023 | 14,296,965 | 405,000 | X923,448 | 15,625,413 |
| Amortisation | ||||
| At 1 July 2022 |
X380,890 | $380,890 | ||
| Charge for the year | 66,755 | 66,755 | ||
| At 30June 2023 | f447,645 | f447,645 | ||
| Net book value At 30June 2023 |
~9~5 | ~ | ~47 | 15~77 8 |
| At 30June 2022 | ~52~ | 4~05 0 | S44S8 |
| Charith | Investment | Subsidiary | Total |
|---|---|---|---|
| Properties | undertaking | ||
| 8 | |||
| Cost/valuation | |||
| At 1 July 2022 | 15,576,151 | 477,971 | 16,054,122 |
| Additions | |||
| Disposals | (730,738) | (730,738) | |
| Revaluation | 500,000 | (45,484) | 454,516 |
| Net assets | |||
| At 30June 2023 | 15,345,413 | 432,487 | 15,777,900 |
| Amortisation | |||
| At 1 July2022 | 380,890 | 380,890 | |
| Charge for the year | 66,755 | 66,755 | |
| Amortisation on disposal |
|||
| At 30June 2023 | 447,645 | 6447,645 | |
| Net book value At 30June 2023 At 30June 2022 |
44387,763 ~j261 |
~47 ~47 971 |
X15~~ ~K673j32 |
| The aggregate a follows: |
mount | ofasse | ts, liabilit | ies and fu |
rids ofthe sub | sidiary u |
ndertaking are |
|
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| Investment income |
3,728 | 2,538 | ||||||
| Property letting |
||||||||
| Administration | (4)212) | (4,200) | ||||||
| Net valuation loss on investment |
property | (30,000) | ||||||
| Net profit/(loss) | for the | year | (30,484) | (1,662) | ||||
| Deferred taxation | (15,000) | |||||||
| Net (loss)/profit | ||||||||
| Assets and liabilities | ||||||||
| Fixed Assets | 250,000 | 280,000 | ||||||
| Current Assets | 247,487 | 247,971 | ||||||
| Current Liabilities | (3,000) | (3,000) | ||||||
| Provision for liabilities | and charges | ~62 000 | ~47000 | |||||
| Net Assets | ||||||||
| 15, | DEBTORS | |||||||
| ~Grou | Charith | |||||||
| 2023 | 2022 | 2023 | 2022 | |||||
| Other debtors and prepayments | 228,018 | 176,403 | 228,018 | 176,403 |
| 16. | CREDI | TORS: AMOUNTS FALL | ING DUK | WITHIN ONE | YEAR | |
|---|---|---|---|---|---|---|
| ~Grou | Charith | |||||
| 2023 | 2022 | 2023 | 2022 | |||
| Amount | owed to group undertakings | 245,927 | 243,927 | |||
| Other creditors and accruals | 309,249 | 393,591 | 306,249 | 390,591 | ||
| f309,249 | f393,591 | %552,176 | f634,518 | |||
| 17. | PROVISION FORLIABILITIES |
| The movement in the |
deferred tax provision | during the year was: | ||
|---|---|---|---|---|
| Group —Investment | Property | |||
| 2023 | 2022 | |||
| g | ||||
| Balance at 1July 2022 | 47,000 | 47,000 | ||
| Charge for the year | 15,000 | |||
| Balance at 30June | 2023 | 62,000 | 47,000 |
| ~Grou | |
|---|---|
| Funds | |
| 16,744,254 | |
| Balance at 1 July 2022 | |
| Net deficit for the year | (843,750) |
| Profit on investments | 498,768 |
| Balance as at 30June 2023 | 16,399,272 |
| Charith | |
| Funds | |
| 16,744,254 | |
| Balance at 1 July 2022 | |
| Net deficit for the year | (843,266) |
| Profit on investments | 498,284 |
| Balance as at 30June 2023 | 16,399,272 |
| 19. | ANALYSIS OFNET ASSE | TS | BETWEEN FUNDS | |||
|---|---|---|---|---|---|---|
| Net | ||||||
| Fixed | Current | |||||
| Group | Assets | Assets | Provisions | Total | ||
| s | s | |||||
| Unrestricted Income Funds |
15,147,768 | 1,313,504 | (62,000) | 16,399,272 | ||
| Net | ||||||
| Fixed | Current | |||||
| Charity | Assets | Assets | Total | |||
| Unrestricted Income Funds |
15,330,255 | 1,069,017 | 16,399,272 | |||
| 20. | NOTES TO THE CONSOLIDATED STATEMENT OF | CASH FLOWS | ||||
| Reconciliation ofnet income to | net cash ttovv from o eratin activities |
|||||
| 2023 | 2022 | |||||
| 8 | ||||||
| Net income for the year | (344,982) | (248,859) | ||||
| Adjustment for: (Gain)/Loss on investment property Interest receivable |
(513,768) (14,780) |
(296,722) (1,275) |
||||
| Net rents receivable | (1,059,433) | (1,011,095) | ||||
| Proceeds from sale of investment | property | |||||
| Loan converted to donation | ||||||
| (Increase)/Decrease in debtors Increase/(Decrease) in creditors |
(20,000) (14,342) |
59,231 (9,081) |
||||
| Increase/(Decrease) in provision |
for liabilities | 15,000 | ||||
| Net cash used in operating | activities | (1,952,305) | (1,507,801) |
| Cash flows from investjn | activities | |||
|---|---|---|---|---|
| Interest received | 14&780 | 1,275 | ||
| Rents received | 1,074,054 | 1,148,715 | ||
| Proceeds from sale ofinvestments | 775,025 | 496,722 | ||
| Purchase ofinvestments | (476,381) | |||
| Net cash used in investing | activities | 1&863,859 | 1,170,331 | |
| Cash flaws from financin | activities | |||
| Increase/(decrease) in Loan creditors |
(70,000) | |||
| Net cash used in investing | activities | |||
| Net decrease in cash and | cash equivalents | (158,446) | (337,470) | |
| Cash and cash equivalents | at beginning ofyear | 1,523,181 | 1,860,651 | |
| Cash and cash equivalents | at end ofyear | 1464,735 | 1,523,181 | |
| ANALYSIS OF CHANGES IN NET DEBT | ||||
| At | At | |||
| 1 Jul 2022 Cash |
flows 30Jun 2023 | |||
| f, | ||||
| Cash at bank and in hand | 1,523,181 (158,446) |
1,364,735 |