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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||
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|||||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||||||
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|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|
##
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|||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|
##
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|||||||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|||||||
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|The financial|The financial|results ofthe subsidiary|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|
##
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##
|||||||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|
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