## ## ## |||||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)| ## ##