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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Company,|its Trustees and Advisers||
|Trustees'
Report||||2-4|
|Independent|Auditor's
Report|on the Financial Statements||5-8|
|Consolidated|Statement ofFinancial Activities||||
|Consolidated|Balance Sheet|||10|
|Company
Balance Sheet|||||
|Consolidated|Statement ofCash Flows|||12|
|Notes tothe|Financial Statements|||13-22|
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|Trustees||D Tannen|||
|---|---|---|---|---|
|||MI Tannen|||
|||DA Tannen|||
|||J M Miller|||
|Company|registered||||
|number||01477534|||
|Charity registered|||||
|number||279476|||
|Registered|office|Sutherland|House||
|||70-78West Hendon||Broadway|
|||London|||
|||NW9 7BT|||
|Company|secretary|J M Miller|||
|Auditors||Melinek Fine LLP|||
|||Chartered|Accountants||
|||Statutory Auditors|||
|||Winston
House|||
|||349Regents Park Road|||
|||London|||
|||N3 1DH|||
|Bankers||Barclays Bank Plc|||
|||1 Churchill|Place||
|||Canary Wharf|||
|||London|||
|||E145HP|||
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||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2021|2021|2020|
|||||Note|E|E|F|
|Income from:||||||||
|Donations
and legacies||||5|28,665|28,665|323,026|
|Investments||||6|1,737,599|1,737,599|1,954,839|
|Total income|||||1,766,264|1,766,264|2,277,865|
|Expenditure
on:||||||||
|Raising funds||||7|1,053,537|1,053,537|1,159,038|
|Charitable
activities|||||216,913|216,913|273,124|
|Total expenditure|||||1,270,450|1,270,450|1,432,162|
|Net income for the year and||movement|in funds|||||
|before other recognised|gains/(losses)||||495,814|495,814|845,703|
|Other recognised
gains/(losses):||||||||
|Gains/(losses)
on revaluation||offixed assets|||219,044|219,044|(2,175,000)|
|Net movement
in funds|||||714,858|714,858|(1,329,297)|
|Reconciliation
offunds:||||||||
|Total funds brought
forward|||||15,133,491|15,133,491|16,462,788|
|Net movement
in funds|||||714,858|714,858|(1,329,297)|
|Total funds carried forward|||||15,848,349|15,848,349|15,133,491|
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||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note||F||F|
|Fixed assets||||||||
|Investment
property|||14||25,013,900||24,794,856|
||||||25,013,900||24,794,856|
|Current assets||||||||
|Debtors|||15|566,219||586,198||
|Cash at bank and|in hand|||4,653,906||5,004,091||
|||||5,220,125||5,590,289||
|Creditors: amounts|falling due within one|||||||
|year|||16|(597,900)||(668,739)||
|Net current assets|||||4,622,225||4,921,550|
|Total assets less|current liabilities||||29,636,125||29,716,406|
|Creditors: amounts
than one year|falling due after more||17||(13,787,776)||(14,582,915)|
|Net assets excluding||pension asset|||15,848,349||15,133,491|
|Total net assets|||||15,848,349||15,133,491|
|Charity funds||||||||
|Unrestricted
funds|||18||15,848,349||15,133,491|
|Total funds|||||15,848,349||15,133,491|
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|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||f.|||
|Fixed assets|||||||
|Investments||13||181,902||181,902|
|Investment
property||14||18,060,000||18,592,277|
|||||18,241,902||18,774,179|
|Current assets|||||||
|Debtors||15|1,928,559||2,024,497||
|Cash at bank and|in hand||2,519,722||2,841,942||
||||4,448,281||4,866,439||
|Creditors: amounts|falling due within one||||||
|year||16|(1,286,537)||(1,423,868)||
|Net current assets||||3,161,744||3,442,571|
|Total assets less|current liabilities|||21,403,646||22,216,750|
|Creditors: amounts|falling due after more||||||
|than one year||17||(11,213,776)||(11,981,915)|
|Total net assets||||10,189,870||10,234,835|
|Charity funds|||||||
|Unrestricted
funds||||10,189,870||10,234,835|
|Total funds||||10,189,870||10,234,835|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|F|E|
|Cash flows from operating||activities||||||
|Net cash used
in operating|activities||||19|1,180,263|1,686,599|
|Cash flows from investing||activities||||||
|Purchase oftangible
fixed assets|||||||(125,780)|
|Net cash provided
by/(used||in) investing||activities|||(125,780)|
|Cash flows from financing||activities||||||
|Repayments
of borrowing||||||(756,198)|(423,718)|
|Interest payable||||||(774,250)|(804,771)|
|Net cash used in financing||activities||||(1,530,448)|(1,228,489)|
|Change
in cash and cash|equivalents||in|the year||(350,185)|332,330|
|Cash and cash equivalents|at the beginning|||ofthe year||5,004,091|4,671,761|
|Cash and cash equivalents||at the end of||the year|20|4,653,906|5,004,091|
|The notes on pages 13to 22||form part of these financial statements||||||
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|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2021
E|2021f|2020
F|
|Investment|income|-|local|investment|properties|1,736,986|1,736,986|1,954,214|
|Investment|income|-|local|cash||613|613|625|
|||||||1,737,599|1,737,599|1,954,839|
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2021f|2021|2020
F|
|Bank loan interest|774,250|774,250|804,771|
|Bank charges|13,123|13123|2,225|
|Property expenses|266,164|266,164|352,042|
||1,053,537|1,053,537|1,159,038|
|||Grants to|Total|Total|
|---|---|---|---|---|
|||Institutions|funds|funds|
|||2021|2021|2020|
|||F|E|F|
|Grants|payable|203,713|203,713|259,924|
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|Analysis of|grants (continued)|||
|---|---|---|---|
||||2021|
||||E|
|Name of institution||||
|Achisomoch|Aid Co||65,000|
|WST Charity|||19,500|
|Menorah
Foundation|||18,950|
|Hasmonean|High School Charitable|Trust|25,650|
||||129,100|
|Other grants|to institutions||74,613|
||||203,713|
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|||||Grant||||
|---|---|---|---|---|---|---|---|
|||||funding of|Support|Total|Total|
|||||activities|costs|funds|funds|
|||||2021
F|2021
E|2021f|2020f|
|Grants payable||||203,713||203,713|259,924|
|Auditors|fees (see note below)||||13,200|13,200|13,200|
|||||203,713|13,200|216,913|273,124|
|Auditor's|remuneration|||||||
|||||||2021|2020|
|||||||E|F|
|Fees payable to the Company's|||auditor|for the audit ofthe Company's||||
|annual accounts||||||4,200|4,200|
|Fees payable to the Company's|||auditor|in respect of:||||
|The auditing||ofaccounts ofassociates||ofthe charity||9,000|9,000|
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||Investments|
|---|---|
||in|
||subsidiary|
||companies|
|Company||
|Cost or valuation||
|At 1 July 2020|181,902|
|At 30June 2021|181,902|
|Net book value||
|At 30June 2021|181,902|
|At 30June 2020|181,902|
|Principal subsidiaries||
|Names||||Company|Principal|activity|Class of|Holding|
|---|---|---|---|---|---|---|---|---|
|||||number|||shares||
|Britven Properties
Limited||||965961|Property|investment|Ordinary|100%|
|Chromegrove||Limited||1047148|Property|investment|Ordinary|1QQ%|
|Neonhome|Properties||Limited|2618179|Property|investment|Ordinary|1QQ%|
|The financial||results of|the subsidiaries|for the year were:|||||
|||||||Profit/(Loss)||Net assets|
|||||||for|the yearf||
|Britven Properties
Limited|||||||(108,040)|41,947|
|Chromegrove||Limited|||||491,321|2,387,097|
|Neonhome|Properties||Limited||||368,&40|3,411,510|
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||||Long term||
|---|---|---|---|---|
|||Freehold|leasehold||
|||investment|investment||
|||property|propertyf|Total|
|Valuation|||||
|At 1 July|2020|18,772,277|6,022,579|24,794,856|
|Surplus/|(deficit) on revaluation|(532,277)|751,321|219,044|
|At 30June 2021||18,240,000|6,773,900|25,013,900|
|||Freehold|
|---|---|---|
|||investment|
|||property|
|||E|
|Valuation|||
|At 1 July 2020||18,592,277|
|Surplus/(deficit)|on revaluation|(532,277)|
|At 30June 2021||18,060,000|
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|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||||E|E|
|Due within one year||||||
|Trade debtors||10,246|7,372|10,006||
|Amounts
owed by group undertakings||||1,377,225|1,465,219|
|Other debtors||535,094|549,288|528,269|537,003|
|Prepayments|and accrued income|20,879|29,538|13,059|22,275|
|||566,219|586,198|1,928,559|2,024,497|
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|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||E|F|E||
|Bank overdrafts|||||10,343|
|Bank loans||500,639|461,698|473,639|434,698|
|Amounts
owed to group undertakings||||719,801|798,796|
|Other taxation and social security||15,325|27,498|15,325|27,498|
|Other creditors||29,782|41,487|25,617|14,478|
|Accruals and deferred|income|52,154|138,056|52,155|138,055|
|||597,900|668,739|1,286,537|1,423,868|
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|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||E|F|||
|Bank|loans|13,787,776|14,582,915|11,213,776|11,981,915|
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|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at|||Gains/|30June|
|||1 July 2020
F|Income
f|Expenditure
F|(Losses)
E|2021
E|
|Unrestricted|funds||||||
|General Funds||15,133,491|1,766,264|(1,270,450)|219,044|15,848,349|
|Statement offunds - prior year|||||||
|||||||Balance at|
|||Balance at|||Gains/|30June|
|||1 July 2019|Income|Expenditure|(Losses)|2020|
||||F||F||
|Unrestricted|funds||||||
|General Funds||16,462,788|2,277,865|(1,432,162)|(2,175,000)|15,133,491|
||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E||
|Net income||for the year (as per Statement of Financial Activities)|||495,814|845,703|
|Adjustments||for:|||||
|Interest payable|||||774,250|804,771|
|Decrease|in|debtors|||19,979|92,186|
|Decrease|in|creditors|||(109,780)|(56,062)|
|Net cash|provided||by operating|activities|1,180,263|1,686,598|
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|||||Group|Group|
|---|---|---|---|---|---|
|||||2021|2020|
||Cash in hand|||4,653,906|5,004,091|
||Total cash and cash|equivalents||4,653,906|5,004,091|
|21.|Analysis ofchanges|in net debt||||
||||At 1 July||At 30June|
||||2020|Cash flows|2021|
||||E|||
||Cash at bank and in hand||5,004,091|(350,185)|4,653,906|
||Debt due within
1 year||(496,454)|(27,236)|(523,690)|
||Debt due after 1 year||(14,582,915)|'795,139|(13,787,776)|
||||(10,075,278)|417,718|(9,657,560)|
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