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||||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|
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|||||||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|
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||||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|
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|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|
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|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|
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|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||
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|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|
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||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|
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|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|
##
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|~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|
##
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|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)||
##
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##
|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|
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