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||||||Page|
|---|---|---|---|---|---|
|Reference and Administrative||Details|ofthe Company,|Its Trustees and Advisers||
|Trustees'
Report|||||2-5|
|Independent|Auditor's
Report|on the|Financial Statements||6-9|
|Consolidated|Statement of Financial||Activities||10|
|Consolidated|Balance Sheet|||||
|Company
Balance Sheet|||||12|
|Consolidated|Statement ofCash Flows||||13|
|Notes to the|Financial Statements||||14-23|
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||Reference and Administrative|Reference and Administrative|Reference and Administrative|Details ofthe Company,|Details ofthe Company,|its Trustees and Advisers|
|---|---|---|---|---|---|---|
||||For the year ended 30June 2022||||
|Trustees||D Tannen|||||
|||Ml 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|||||
|||349 Regents Park Road|||||
|||London|||||
|||N3 1DH|||||
|Bankers||Barclays Bank Pic|||||
|||1 Churchill|Place||||
|||Canary Wharf|||||
|||London|||||
|||E145HP|||||
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
||||Note|2022f|2022
5|2021f|
|Income from:|||||||
|Donations
and legacies|||5|204,600|204,500|28,665|
|Investments|||6|1,794,539|1,794,539|1,737,599|
|Total Income||||1,999,039|1,999,039|1,766,264|
|Expenditure
on:|||||||
|Raising funds|||7|1,685,756|1,585,766|1,053,537|
|Charitable
activities|||9|240,140|240,140|216,913|
|Total expenditure||||1,825,895|1,826,896|1,270,450|
|Net income for the year
before other recognised|and movement
gains/(losses)|In funds||173,144|173,144|495,814|
|Other recognised gains:|||||||
|Gains on revaluation
offixed assets||||||219,044|
|Net movement
in funds||||173,144|173,144|714,858|
|Reconciliation
offunds:|||||||
|Total funds brought
forward||||15,848,349|16,848,349|15,133,491|
|Net movement
in funds||||173,144|173,144|714,858|
|Total funds carried forward||||16,021,493|16,021,493|15,848,349|
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||||Consolidated|Balance Sheet|Balance Sheet|||
|---|---|---|---|---|---|---|---|
||||For the year ended 30June||2022|||
||||Note||2022
6||2021f|
|Fixed assets||||||||
|Investment
property|||14||24,029,946||25,013,900|
||||||24,029,946||25,013,900|
|Current assets||||||||
|Debtors|||15|516,069||566,219||
|Cash at bank and|in hand|||6,666,682||4,653,905||
|||||6,172,741||5,220,125||
|Creditors: amounts|falling|due within|one|||||
|year|||16|(2,726,922)||(597,900)||
|Net current assets|||||3,445,819||4,522,225|
|Total assets less|current|liabilities|||27,475,766||29,536,125|
|Creditors: amounts
than one year|falling|due after|more
17||(11,464,272)||(13,787,775)|
|Total net assets|||||16,021,493||15,848,349|
|Charity funds||||||||
|Unrestricted
funds|||18||16,021,493||15,848,349|
|Total funds|||||16,021,493||15,848,349|
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|||||||Company|Company|Company|Statement|offinancial|offinancial|position|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||For the year ended 30||||June|2022|||
|||||||||||||2022||2021|
||||||||||Note|||||8|
|Fixed assets|||||||||||||||
|Investments|||||||||13|||181,902||181,902|
|Investment
property|||||||||14|||16,510,000||18,060,000|
|||||||||||||16,691,902||18,241,902|
|Current assets|||||||||||||||
|Debtors|||||||||15|2,155,902|||1,928,559||
|Cash at bank|and|in hand||||||||4,113,631|||2,519,722||
|||||||||||6,269,633|||4,448,281||
|Creditors: amounts|||falling||due|within one|||||||||
|year|||||||||16|(3,691,150)|||(1,286,537)||
|Net current assets||||||||||||2,678,383||3,161,744|
|Total assets|less|current liabilities||||||||||19,270,285||21,403,646|
|Creditors: amounts|||falling||due|after more|||||||||
|than one year|||||||||17|||(8,907,272)||(11,213,776)|
|Net assets excluding||||pension asset||||||||10,363,013||10,189,870|
|Total net assets||||||||||||10,363,013||10,189,870|
|Charity funds|||||||||||||||
|Unrestricted
funds||||||||||||10,363,013||10,189,870|
|Total funds||||||||||||10,363,013||10,189,870|
|The financial|statements||||have|been prepared
in accordance|||||with the provisions
applicable|||to entities subject to|
|th
small companies||||regime.|||||||||||
|nancial|statements||||were|approved||and authorised||for issue by||the Trustees and|signed on their behalf by:||
|DA
a nen|||||||||||J M|Miller|||
|(Trusts|||||||||||(Trustee)||||
|Date:
oL(j/0|||)fyoJg||||||||W~e. ,
&sf~&/a.|||ZZ|
|The notes on|pages||14to 23 form part||||ofthese financial|||statements.|||||
##
|||||Note|2022
6|2021f|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities|||19|1,261,944|1,180,263|
|Cash flows from Investing|activities||||||
|Proceeds from sale of investments|||||1,650,000||
|Purchase
of investments|||||(666,046)||
|Net cash provided
by Investing
activities|||||983,954||
|Cash flows from financing|activities||||||
|Repayments
of borrowing|||||(500,638)|(756,198)|
|Interest payable|||||(742,484)|(774,250)|
|Net cash used in financing|activities||||(1,243,122)|(1,530,448)|
|Change
in cash and cash|equivalents|in|the year||1,002,776|(350,186)|
|Cash and cash equivalents|at the beginning||ofthe year||4,653,906|5,004,091|
|Cash and cash equivalents|at the end of||the year|20|5,656,682|4,653,906|
|The notes on pages 14to 23 form part ofthese financial statements|||||||
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2022|2022|2021|
|5||5|
|204,500|204,600|28,665|
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|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2022|2022|2021|
|||||||E|E|E|
|Investment|income|-|local|investment|properties|1,823,123|1,823,123|1,736,986|
|Investment|income|-|gain/|(loss) on|sale of property|(28,745)|(28,745)||
|Investment|income|-|local|cash||161|161|613|
|||||||1,794,539|1,794,539|1,737,599|
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
||E|E|E|
|Bank loan interest|742,484|742,484|774,250|
|Bank charges|1,506|1,506|13,123|
|Property expenses|841,765|841,765|266,164|
||1,585,755|1,585,766|1,053,537|
|||Grants to|Total|Total|
|---|---|---|---|---|
|||Institutions|funds|funds|
|||2022|2022|2021|
|||E|E|E|
|Grants|payable|226,940|226,940|203,713|
##
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|Analysis|of|grants (cont|inued)|||
|---|---|---|---|---|---|
||||||2022|
||||||E|
|Name of|institution|||||
|Achisomoch||Aid Co|||117,110|
|Menorah|Foundation||||20,260|
|Hasmonean||High School|Charitable|Trust|10,700|
||||||148,060|
|Other grants||to institutions|ofless than F10,000||78,880|
||||||226,940|
##
|||Grant||||
|---|---|---|---|---|---|
|||funding
of|Support|Total|Total|
|||activities|costs|funds|funds|
|||2022|2022|2022|2021|
|||E|E|E|E|
|Grants|payable|226,940||226,940|203,713|
|Auditors|fees (see note below)||13,200|13,200|13,200|
|||226,940|13,200|240,140|216,913|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E|E|
|Fees
annual|payable to the Company's
accounts||auditor|for the audit ofthe Company's|4,200|4,200|
|Fess|payable|to the Company's|auditor|in respect of;|||
|The|auditing|of accounts ofassociates||ofthe charity|9,000|9,000|
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||Investments|
|---|---|
||in|
||subsidiary|
||companies|
|Company|6|
|Cost or valuation||
|At 1 July 2021|181,902|
|At 30June 2022|181,902|
|Net book value||
|At 30June 2022|181,902|
|At 30June 2021|181,902|
##
|The following
were sub|sidiary
undert|akings
ofthe Com|pany:||||
|---|---|---|---|---|---|---|
|Names||Company|Principal|activity|Class of|Holding|
|||number|||shares||
|Britven Properties
Limited||965961|Property|investment|Ordinary|100'/o|
|Chromegrove
Limited||1047148|Property|investment|Ordinary|10Q /0|
|Neonhome
Properties|Limited|2618179|Property|investment|Ordinary|100'/D|
##
|||||Profit/(Loss)|Net assets|
|---|---|---|---|---|---|
|||||for the year||
|||||E||
||Britven Properties
Limited
Chromegrove
Limited
Neonhome
Properties
Limited|||(58,686)
58,586|(16,639)
2,387,097
3,470,096|
|14.|Investment|property||||
||Group|||||
|||Long term||
|---|---|---|---|
||Freehold|leasehold||
||Investment|Investment||
||property|property|Total|
||E|E|E|
|Valuation||||
|At 1 July 2021|18,240,000|6,773,900|26,013,900|
|Additions||566,046|666,046|
|Disposals|(1,650,000)||(1,560,000)|
|At 30June 2022|16,690,000|7,339,946|24,029,946|
|Company||||
||Freehold|
|---|---|
||investment|
||property|
||E|
|Valuation||
|At1 July2021|18,060,000|
|Disposals|(1,650,000)|
|At 30June 2022|16,610,000|
##
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||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||E||E|E|
|Due within one year|||||||
|Trade debtors|||14,709|10,246||10,006|
|Amounts
owed by group undertakings|||||1,663,268|1,377,225|
|Other debtors|||497,509|535,094|488,794|528,269|
|Prepayments|and accrued income||3,841|20,879|3,840|13,059|
||||516,059|555,219|2,155,902|1,928,559|
|Creditors: Amounts||falling due within one year|||||
||||Group|Group|Company|Company|
||||2022|2021|2022|2021|
||||E|E|E|E|
|Bank loans|||2,333,505|500,639|2,306,505|473,639|
|Amounts
owed to group undertakings|||||1,026,663|719,801|
|Other taxation|and social security|||15,325||15,325|
|Other creditors|||26,334|29,782|2,279|25,617|
|Accruals and|deferred|income|367,083|52,154|356,703|52,155|
||||2,726,922|597,900|3,691,150|1,286,537|
##
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|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||E|F|E|E|
|Bank|loans|11,464,272|13,787,776|8,907,272|11,213,776|
##
##
|Stateme|nt o|ffunds - current ye|ar|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Balance at|
|||||Balance at 1|||||30June|
|||||July 2021
6|Income
6||Expenditure|f|2022
f|
|Unrestricted||funds||||||||
|General|Funds|||16,848,349|1,999,039||(1,826,896)||16,021,493|
|Statement offunds - prior year||||||||||
||||||||||Balance at|
||||Balance at||||Gains/||30June|
||||1 July 2020f|Income
f|Expenditure|f|(Losses)
E||2021
6|
|Unrestricted||funds||||||||
|General|Funds||15,133,491|1,766,264|(1,270,450)||219,044||15,848,349|
||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6|6|
|Net income|for the year (as per Statement|||of Financial Activities)|173,144|495,814|
|Adjustments|for:||||||
|Interest payable|||||742,484|774,250|
|Decrease
in|debtors||||61,693|19,979|
|Increase/(decrease)||in creditors|||294,623|(109,780)|
|Net cash provided||by operating|activities||1,261,944|1,180,263|
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|||||||Other non-||
|---|---|---|---|---|---|---|---|
|||||At1 July||cash|At 30June|
|||||2021|Cash flows|changes|2022|
|||||5|5|6|5|
|Cash|at bank and||in hand|4,663,906|1,002,776||6,666,682|
|Debt|due within|1|year|(523,690)|74,132|(1,908,750)|(2,358,308)|
|Debt|due aRer 1 year|||(13,787,776)|424,764|1,908,760|(11,454,272)|
|||||(9,657,560)|1,501,662||(8,155,898)|
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