2021-06-30-accounts - David Tannen Charitable Trust

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					Page
Reference and administrative			details	ofthe charity, 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
Charity balance sheet
Consolidated	statement	ofcash flows			12
Notes to the	financial statements				13-23

Trustees		D Tannen
		Ml Tannen
		DA Tannen
		J Miller
Charity	registered
number		280392
Principal	office	Sutherland House
		70-78West Hendon	Broadway
		London
		NW9 7BT
Auditors		Melinek Fine LLP
		Chartered Accountants
		Statutory Auditor
		Winston House
		349 Regents Park Road
		London
		N3 1DH
Bankers		Barclays Bank Plc
		1 Churchill Place
		Canary Wharf
		London
		E145HP

				Endowment	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
			Note		E		F
Income and endowments		from:
Investments					3,085,499	3,085,499	3,145,193
Total income and endowments					3,085,499	3,085,499	3,145,193
Expenditure on:
Raising funds					2,097,875	2,097,875	1,841,151
Charitable activities					152,200	152,200	129,950
Total expenditure					2,250,075	2,250,075	1,971,101
Net income before	net gains on
investments					835,424	835,424	1,174,092
Net gains on investments					2,645,671	2,645,671
Net income in the year and
movement in funds					3,481,095	3,481,095	1,174,092
Reconciliation offunds:
Total funds brought	forward			44,462	20,824,644	20,869,106	19,695,014
Net movement in funds					3,481,095	3,481,095	1,174,092
Total funds carried	forward			44,462	24,305,739	24,350,201	20,869,106

	THE DAVID TANN	EN CHARITA	BLE TRUST OF 28 MARCH	1974
		Consolidated	balance sheet
		As at 30	June 2021
			2021		2020
		Note			E
Fixed assets
Investments		11	1,200,010		1,200,010
Investment property		12	42,851,000		40,205,329
			44,051,010		41,405,339
Current assets
Debtors		13	484,451	603,056
Cash at bank and	in hand		5,079,900	3,009,927
			5,564,351	3,612,983
Creditors: amounts	falling due within one
year		14	(2,210,160)	(924,216)
Net current assets			3,354,191		2,688,767
Total assets less	current liabilities		47,405,201		44,094,106
Creditors: amounts	falling due after more
than one year		15	(23,055,000)		(23,225,000)
Total net assets			24,350,201		20,869,106
Charity funds
Endowment funds		16	44,462		44,462
Unrestricted funds		16	24,305,739		20,824,644
Total funds			24,350,201		20,869,106

	THE DAVID TANNE	N CHARIT	ABLE TRUST	OF 28 MARCH	1974
	Charity	Statement	offinancial	position
		As at 30June 2021
		Note		2021f		2020 F
Fixed assets
Investments				1,490,737		1,200,110
Investment property				25,401,000		23,045,956
				26,891,737		24,246,066
Current assets
Debtors		13	8,130,224		8,184,538
Cash at bank and	in hand		3,947,146		1,771,763
			12,077,370		9,956,301
Creditors: amounts	falling due within one
year		14	(1,968,905)		(683,261)
Net current assets				10,108,465		9,273,040
Total assets less	current liabilities			37,000,202		33,519,106
Creditors: amounts	falling due after more
than one year		15		(12,650,000)		(12,650,000)
Total net assets				24,350,202		20,869,106
Charity funds
Endowment funds				44,462		44,462
Unrestricted funds				24,305,740		20,824,644
Total funds				24,350,202		20,869,106

						2021	2020
					Note		F
Cash flows from operating		activities
Net cash used in operating	activities				17	3,374,624	1,979,341
Cash flows from investing		activities
Purchase of investment property							(121,956)
Net cash provided by/(used		in) investing		activities			(121,956)
Cash flows from financing		activities
Repayments of borrowing						(170,000)	(170,000)
Interest payable						(1,134,651)	(1,136,995)
Net cash used in financing		activities				(1,304,651)	(1,306,995)
Change in cash and cash	equivalents		in	the year		2,069,973	550,390
Cash and cash equivalents	at the beginning			ofthe year		3,009,927	2,459,537
Cash and cash equivalents		at the end of		the year	18	5,079,900	3,009,927
The notes on pages 13to 23		form part ofthese financial statements

5.	Investment management	costs
				Unrestricted		Total	Total
					funds	funds	funds
					2021	2021	2020
					E	F
	Bank loan interest				1,134,651	1,134,651	1,136,996
	Property expenses				963,224	963,224	704,155
					2,097,875	2,097,875	1,841,151
6.	Analysis ofgrants
					Grants to	Total	Total
					Institutions	funds	funds
					2021	2021	2020
						f.	F
	Grants payable				145,600	145,600	123,350
	The Group has made the	following	material	grants to institutions	during the year:
							2021
	Name of institution
	WST Charity Ltd						24,600
	Ezra U'Marpeh Ltd						10,000
	Hatzola Northwest Trust						10,000
	Kisharon						10,000
	Mifal Hachessed Vehatzdokoh						10,000
	Leket UK						10,000
	British Friends ofEcole Juive de Cannes						5,000
	Chai-Lifeline Cancer Care						5,000
	Chevras Ma'oz Ladol						5,000
	Central Hendon Mikvah						5,000
	Hospital Kosher Meals Service						5,000
	Laniado Hospital UK						5,000
	Achisomoch Aid Co Ltd						5,000
	Menorah Foundation						5,000
	Shaarei Zedek UK						5,000
	The Work Avenue Foundation						5,000
							124,600
	Other grants to institutions						21,000
							145,600

		Grant
		funding of	Support	Total	Total
		activities	costs	funds	funds
		2021 E	2021 E	2021f	2020
Grants	payable	145,600		145,600	123,350
Auditor's	remuneration		6,600	6,600	6,600
Total2	021	145,600	6,600	152,200	129,950

					2021	2020f
Fees payable accounts	to the charity's	auditor	for the audit ofthe charity's	annual	3,600	3,600
Fees payable	to the charity's	auditor	in respect of:
The auditing	ofaccounts of	associates of the charity			3,000	3,000

						Unlisted
						investments
Group						F
Cost or valuation
At 1 July 2020						1,200,010
At 30June 2021						1,200,010
Net book value
At 30June 2021						1,200,010
At 30June 2020						1,200,010
			Investments
				in
			subsidiary		Unlisted
Charity			companies E		investments	Totalf
Cost or valuation
At 1 July 2020				100	1,200,010	1,200,110
Reversal of prior impairment				290,627		290,627
At 30June 2021				290,727	1,200,010	1,490,737
Net book value
At 30June 2021				290,727	1,200,010	1,490,737
At 30June 2020				100	1,200,010	1,200,110
Principal subsidiaries
The following was a subsidiary	undertaking	ofthe charity:
Name		Company	Principal	activity	Class of	Holding
		number			shares
Oxgrange Ltd		09855971	Property	investment	Ordinary	100%
Included in
consolidation

The financial	The financial	for the year were:
Name		Income	Expenditure	Profit for	Net assets
		F	F	the year
				F
Oxgrange	Ltd	1,036,090	745,463	290,627	290,727

		Freehold
		investment
		property
		F
Valuation
At 1 July	2020	40,205,329
Surplus	on revaluation	2,645,671
At 30June 2021		42,851,000
Charity
		Freehold
		investment
		property
		E
Valuation
At1 July2020		23,045,956
Surplus	on revaluation	2,355,044
At 30June 2021		25,401,000

			Group	Group	Charity	Charity
			2021 K	2020 E	2021f	2020
Due within one year
Trade debtors			202,114	354,868	202,114	354,868
Amounts owed by group undertakings					7,760,534	7,747,248
Other debtors			60,679	76,846	60,679	76,846
Prepayments	and accrued income		221,658	171,342	106,897	5,576
			484,451	603,056	8,130,224	8,184,538
Creditors: Amounts		falling due within one year
			Group	Group	Charity	Charity
			2021	2020	2021	2020
			E	F	E
Bank loans			170,000	170,000
Trade creditors			246,847	29,541	246,847	29,541
Other taxation	and social security		56,422	60,184	56,422	60,184
Other creditors			12,984	3,433	9,350	100
Accruals and	deferred	income	1,723,907	661,058	1,656,286	593,436
			2,210,160	924,216	1,968,905	683,261
Creditors: Amounts		falling due after more than	one year
			Group	Group	Charity	Charity
			2021	2020	2021	2020
			E			F
Bank loans		23,055,000		23,225,000	12,650,000	12,650,000

Summary	offunds - cur	rent year
						Balance at
		Balance at 1			Gains/	30June
		July 2020	Income	Expenditure	(Losses)	2021
		E	E	E	E	E
General funds		20,824,644	3,085,499	(2,250,075)	2,645,671	24,305,739
Endowment	funds	44,462				44,462
		20,869,106	3,085,499	(2,250,075)	2,645,671	24,350,201

Summary	offunds - prior year
					Balance at
		Balance at			30June
		1 July 2019	Income	Expenditure	2020
			E	E	E
General funds		19,650,552	3,145,193	(1,971,101)	20,824,644
Endowment	funds	44,462			44,462
		19,695,014	3,145,193	(1,971,101)	20,869,106

			Group	Group
			2021	2020
			E	E
Net income for the	year (as per Statement of Financial Activities)		3,481,095	1,174,092
Adjustments for:
Decrease/(increase)	in debtors		118,605	(175,337)
Increase/(decrease)	in creditors		1,285,944	(156,409)
Revaluation of investment property			(2,645,671)
Interest payable			1,134,651	1,136,995
Net cash provided	by operating	activities	3,374,624	1,979,341

						Group	Group
						2021	2020
							F
	Cash in hand					5,079,900	3,009,927
	Total cash and cash			equivalents		5,079,900	3,009,927
19.	Analysis	ofchanges		in net debt
					At 1 July		At 30June
					2020	Cash flows	2021
							E
					E
	Cash at bank and in hand				3,009,927	2,069,973	5,079,900
	Debt due	within	1 year		(173,433)	(9,551)	(182,984)
	Debt due	after	1 year		(23,225,000)	170,000	(23,055,000)
					(20,388,506)	2,230,422	(18,158,084)

		Group	Group	Charity	Charity
		2021	2020	2021f	2020 E
Amounts	receivable:
Not later than 1 year		1,554,469	1,791,449	1,554,469	1,791,449
Later than	1 year and not later than 5years	7,152,166	6,241,125	7,152,166	6,241,125
Later than	5years	4,094,308	5,771,123	4,094,308	5,771,123
		12,800,943	13,803,697	12,800,943	13,803,697