2023-06-30-accounts

				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 of Financial Activities
Consolidated	Balance Sheet			10
Company Balance Sheet
Consolidated	Statement ofCash Flows			12
Notes to the	Financial Statements			13-22

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

					Unrestricted	'Total	Total
					funds	funds	funds
					2023	2023	2022
				Note	6	6	F
Income from:
Donations and legacies				5	293,806	293,806	204,500
Investments				6	1,673,115	1,673,115	1,794,539
Total income					1,966,921	1,966,921	1,999,039
Expenditure on:
Raising funds				7	1,164,106	1,164,106	1,585,755
Charitable activities					289,296	289,296	240,140
Total expenditure					1,463,402	1,463,402	1,825,895
Net Income for the year before other recognised		and movement gains/(losses)	in funds		613,519	513,519	173,144
Other recognised gains/(losses):
Losses on revaluation	of	fixed assets			(93,900)	(93,900)
Net movement In funds					419,619	419,619	173,144
Reconciliation offunds:
Total funds brought forward					16,021,493	16,021,493	15,848,349
Net movement in funds					419,619	419,619	173,144
Total funds carried forward					16,441,112	16,441,112	16,021,493

			Note		2023f		2022 E
Fixed assets
Investment property			14		26,119,610		24,029,946
					26,119,610		24,029,946
Current assets
Debtors			15	538,225		516,059
Cash at bank and	in	hand		3,064,020		5,656,682
				3,592,245		6,172,741
Creditors: amounts year		falling due within one	16	(3,563,082)		(2,726,922)
Net current assets					39,163		3,445,819
Total assets less	current liabilities				26,158,773		27 475 765
Creditors; amounts than one year		falling due after more	17		(9,717,661)		(11,454,272)
Total net assets					16,441,112		16,021,493
Charity funds
Unrestricted funds			18		16,441,112		16,021,493
Total funds					16,441,112		16,021,493

DATann n		J M Miller
(Trustee) Date:~	3/g, ogcf	(Trustee) &m;	gg/O y/2o&p

				Nots	2023f	2022 5
Cash flows from operating	activities
Net cash used in operating activities				19	1,413,976	1,251,944
Cash flows from investing	activities
Proceeds from sale of investments						1,550,000
Purchase of investments					(2,183,666)	(566,045)
Net cash (used In)/provided	by investing	activities			(2,183,666)	983,964
Cash flows from financing	activities
Cash inflows from new borrowing					1,300,000
Repayments of borrowing					(2,349,755)	(500,638)
Interest payable					(783,317)	(742,484)
Net cash used In financing	activities				(1,833,072)	(1,243,122)
Change in cash and cash	equivalents in	the year			(2,602,662)	1,002,776
Cash and cash equivalents	at the beginning	ofthe year			6,666,682	4,653,905
Cash and cash equivalents	at the end of	the year		20	3,054,020	5,655,682
The notes on pages 13to 22 form part ofthese financial			statements

							Unrestricted	Total	Total
							funds	funds	funds
							2023 5	2023f	2022 F
	Donations						293,806	293,806	204,500
6.	Investment	income
							Unrestricted	Total	Total
							funds	funds	funds
							2023	2023	2022
							8		5
	Investment	income	-	local	investment	properties	1,672,655	1,672,655	1,823,123
	Investment	income	-	gain/	(loss) on	sale of property			(28,745)
	Investment	income	-	local	cash		460	460	161
							1,673,115	1,673,115	1,794,539

7.	Investment	management	management	costs
						Unrestricted			Total	Total
							funds		funds	funds
							2023		2023	2022
							E			E
	Bank loan interest						783,317		783,317	742,484
	Bank charges						6,975		6,975	1,506
	Property expenses						373,814		373,814	841,765
							1,164,106		1,164,106	1,585,755
8.	Analysis ofgrants
							Grants to		Total	Total
							Institutions		funds	funds
							2023		2023	2022
								E	E	E
	Grants payable						275,436		275,436	225,940
	The Group has made the			following	material	grants to institutions	during the	year:
										2023
										E
	Name of Institution
	Achisomoch		Aid Co Ltd							127,700
	Hasmonean		High School	Charitable	Trust					17,450
	Menorah Foundation									19,000
	Care for All	Ltd								14,000
										178,150
	Other grants		to institutions	of less than F12,000						97,286
										275,436

		Grant
		funding of	Support	Total	Total
		activities	costs	funds	funds
		2023f	2023f	2023f	2022
Grants	payable	275,436		275,436	226,940
Auditors	fees (see note below)		13,860	13,860	13,200
		275,436	13,860	289,296	240,140

					2023	2022
					5
Fees annual	payable to the Company's accounts		auditor	for the audit ofthe Company's	4,410	4,200
Fees	payable	to the Company's	auditor	in respect of:
The	auditing	ofaccounts ofassociates		of the charity	9,450	9,000

	Investments
	In
	subsidiary
Company	companiesf
Cost or valuation
At 1 July 2022	181,902
At 30June 2023	181,902
Net book value
At 30June 2023	181,902
At 30June 2022	181,902
Principal subsidiaries

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%
Chromegrove Limited Neonhome Properties	Limited	1047148 2618179	Property Property	investment investment	Ordinary Ordinary	100% 100%

	The financial	results of	the subsidiaries	for the year were:
					ProfIt/(Loss)	Net assets
					for the year
					E
	Britven Properties Limited Chromegrove Limited Neonhome Properties Limited				(112,449) 44,049 68,400	(129,088) 2,431,146 3,538,496
14.	Investment	property
	Group

			Long term
		Freehold	leasehold
		Investment	investment
		property	property	Total
		E	E
Valuation
At1 July2022		16,690,000	7,339,946	24,029,946
Additions		696,000	1,688,664	2,183,664
Surplus/	(deficit) on revaluation	415,000	(508,900)	(93,900)
At 30June 2023		17,700,000	8,419,610	26,119,610
Company

	Freehold
	investment
	property
	E
Valuation
At1 July2022	16,510,000
Additions	695,000
At 30June 2023	17,105,000

			Group	Group	Company	Company
			2023	2022	2023	2022
			6		6
Due within one year
Trade debtors			34,802	14,709	3,824
Amounts owed by group undertakings					3,072,546	1,663,268
Other debtors			494,485	497,509	494,485	488,794
Prepayments	and accrued income		8,938	3,841		3,840
			538,225	516,059	3,570,855	2,155,902
Creditors: Amounts		falling due within ons year
			Group	Group	Company	Company
			2023 6	2022f	2023	2022f
Bank loans			3,020,360	2,333,505	473,360	2,305,505
Amounts owed to group undertakings					1,170,791	1,025,553
Other taxation	and social security		19,622		19,622
Other creditors			36,715	26,334	8,690	2,279
Accruals and	deferred	income	476,386	367,083	466,935	355,703
			3,553,082	2,725,922	2,139,398	3,591,150

		Group	Group	Company	Company
		2023f	2022	2023f	2022
Bank	loans	9,717,661	11,454,272	9,717,661	8,907,272

Stateme	nt of	funds - c	urrent year
								Balance at
			Balance at 1			Gains/		30June
			July 2022 5	Income 5	Expenditure K	(Losses) 5		2023 f
Unrestricted		funds
General	Funds		16,021,493	1,966,921	(1,453,402)	(93,900)		16,441,112
Statement of		funds - prior year
								Balance at
				Balance at				30June
				1 July 2021 F	Income F	Expenditure	f	2022
Unrestricted		funds
General	Funds			15,848,349	1,999,039	(1,825,895)		16,021,493

					Group	Group
					2023	2022
					5
Net income	for the year (as per Statement			of Financial Activities)	513,619	173,144
Adjustments	for:
Interest payable					783,317	742,484
Decrease/(increase)		in debtors			(22,165)	51,693
Increase in	creditors				139,305	294,523
Net cash provided		by operating	activities		1,413,976	1,261,944

		Group	Group
		2023f	2022f
Cash	in hand	3,054,020	5,656,682
Total	cash and cash equivalents	3,054,020	5,656,682

						Other non-
				At 1 July		cash	At 30June
				2022 6	Cash flows 6	changes f	2023 6
Cash	at bank and		in hand	5,666,682	(2,602,662)		3,064,020
Debt	due within	1	year	(2,358,308)	(100,767)	(598,000)	(3,067,075)
Debt	due aRer 1 year			(11,454,272)	1,138,611	598,000	(9,717,661)
				(8,166,898)	(1,564,818)		(9,720,716)