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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||||
|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 Pic|||
|||1 Churchill|Place||
|||Canary Wharf|||
|||London|||
|||E145HP|||
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|||||Endowment|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2022
8|2022
8|2022
8|2021f|
|Income and endowments||from:||||||
|Investments|||||2,629,876|2,629,876|3,085,499|
|Total income and endowments|||||2,629,876|2,629,876|3,085,499|
|Expenditure
on:||||||||
|Raising funds|||||2,116,684|2,116,684|2,097,875|
|Charitable
activities|||||325,760|325,760|152,200|
|Total expenditure|||||2,442,434|2,442,434|2,250,075|
|Net Income before
investments|net gains on||||187,442|187,442|835,424|
|Net gains on investments|||||||2,645,671|
|Net Income In the year and
movement
In funds|||||187,442|187,442|3,481,095|
|Reconciliation
offunds:||||||||
|Total funds brought|forward|||44,462|24,305,739|24,360,201|20,869,106|
|Net movement
in funds|||||187,442|187,442|3,481,095|
|Total funds carried|forward|||44,462|24,493,181|24,637,643|24,350,201|
##
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Note|||8|
|Fixed assets|||||||||
|Investments|||||11||1,200,010|1,200,010|
|Investment
property|||||12||43,336,000|42,851,000|
||||||||44,536,010|44,051,010|
|Current assets|||||||||
|Debtors|||||13|590,383|484,451||
|Cash at bank|and|in hand||||3,730,092|5,079,900||
|||||||4,320,475|5,564,351||
|Creditors: amounts||falling||due within one|||||
|year|||||14|(1,433,842)|(2,210,160)||
|Net current|assets||||||2,886,633|3,354,191|
|Total assets|less|current||liabilities|||47,422,643|47,405,201|
|Creditors: amounts||falling||due after more|||||
|than one year|||||15||(22,886,000)|(23,055,000)|
|Total net assets|||||||24,637,643|24,350,201|
|Charity funds|||||||||
|Endowmentfunds|||||16||44,462|44,462|
|Unrestricted|funds||||16||24,493,181|24,305,739|
|Total funds|||||||24,537,643|24,350,201|
|h
financial|statements||were approved||and authorised|for issue by|the Trustees and signed|on their behalf by:|
|DA
nnen||||||J Miller|||
|(Trust
)||||||(Trustee)|||
|Date:
g|(f/0|'31$&gp||||t)~i+ ' &91'03/2. O9|||
##
|||Charity Statement offinancial|Charity Statement offinancial|Charity Statement offinancial|position|position||
|---|---|---|---|---|---|---|---|
|||For the year ended 30June||||2022||
|||||||2022|2021|
||||Note|||5|F|
|Fixed assets||||||||
|Investments|||11|||1,490,737|1,490,737|
|Investment
property|||12|||26,886,000|25,401,000|
|||||||27,376,737|26,891,737|
|Current assets||||||||
|Debtors|||13|8,313,881|||8,130,224|
|Cash at bank and in hand||||2,689,456|||3,947,146|
|||||11,003,336|||12,077,370|
|Creditors: amounts|falling|due within one||||||
|year|||14|(1,192,430)|||(1,968,905)|
|Net current assets||||||9,810,906|10,108,465|
|Total assets less current liabilities||||||37,187,643|37,000,202|
|Creditors: amounts|falling|due after more||||||
|than one year|||15|||(12,660,000)|(12,650,000)|
|T'otal net assets||||||24,637,643|24,350,202|
|Charity funds||||||||
|Endowment
funds||||||44,462|44,462|
|Unrestricted
funds||||||24,493,181|24,305,740|
|Total funds||||||24,637,643|24,350,202|
|financial
statements||were approved|and authorised|for issue by||the Trustees and signed on their behalf by:||
|DA
nnen||||J Miller||||
|(True
e)||||(Trustee)||||
|Date:
grf/op/2Ogg||||||rT$/U|3/Q.O)( $|
|The notes on pages|13to 23 form part ofthese financial statements.|||||||
##
##
|||||Note|2022f|2021
5|
|---|---|---|---|---|---|---|
|Cash flows from operating||activities|||||
|Net cash used in operating|activities|||17|436,021|3,374,624|
|Purchase
of investment
property|||||(486,000)||
|Net cash (used in)/provided||by Investing|activities||(486,000)||
|Cash flows from financing||activities|||||
|Repayments
of borrowing|||||(170,000)|(170,000)|
|Interest payable|||||(1,129,829)|(1,134,651)|
|Net cash used in financing||activities|||(1,299,829)|(1,304,661)|
|Change
In cash and cash||equivalents
In|the year||(1,349,808)|2,069,973|
|Cash and cash equivalents||at the beginning|ofthe year||6,079,900|3,009,927|
|Cash and cash equivalents||at the end of|the year|18|3,730,092|5,079,900|
|The notes on pages 13to 23 form part ofthese financial statements|||||||
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|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2022
8|2022
6|2021f|
|Investment|income|-|local|investment|properties|2,628,868|2,628,868|3,084,119|
|Investment|income|-|local|cash||1,008|1,008|1,380|
|||||||2,629,876|2,629,876|3,085,499|
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
||E||E|
|Bank loan interest|1,128,829|1,128,829|1,134,651|
|Property expenses|987,855|987,855|963,224|
||2,116,684|2,116,684|2,097,875|
##
|||Grants to|Total|Total|
|---|---|---|---|---|
|||Institutions|funds|funds|
|||2022|2022|2021|
|||8|8|E|
|Grants|payable|319,150|319,150|145,600|
##
##
##
|The Group h|as made the|followin|g
|material
grants to institutions
during t|he year:|
|---|---|---|---|---|---|
||||||2022|
||||||6|
|Name of Institution||||||
|Hendon
Adath Yisroel Congregation|||||ee,ooo|
|WST Charity|Ltd||||36,000|
|Hasmonean|High School|Charitable||Trust|20,000|
|British Friends of United Hatzola|||Israel||20,000|
|Hatzola
Northwest
Trust|||||18,000|
|Achisomoch|Aid Company|Ltd|||16,000|
||||||16e,ooo|
|Other grants|to institutions|-less|than 611L000||154,150|
||||||319,150|
##
|||Grant||||
|---|---|---|---|---|---|
|||funding
of|Support|Total|Total|
|||activities|costs|funds|funds|
|||2022
6|2022
6|2022
6|2021f|
|Grants|payable|319,150||319,150|145,600|
|Auditor's|remuneration||6,600|6,600|6,600|
|Total2|022|319,150|6,600|326,760|152,200|
##
##
||||||2022
6|2021f|
|---|---|---|---|---|---|---|
|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 ofthe charity|||3,000|3,000|
##
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||||||Unlisted|
|---|---|---|---|---|---|
|Group|||||investmentsf|
|Cost or valuation||||||
|At 1 July 2021|||||1,200,010|
|At 30June 2022|||||1,200,010|
|Net book value||||||
|At 30June 2022|||||1,200,010|
|At 30June 2021|||||1,200,010|
||Investments|||||
||In|||||
||subsidiary||Unlisted|||
|Charity|companies|f|Investments|f|Totalf|
|Cost or valuation||||||
|At1 July2021|290,727||1,200,010||1,490,737|
|At 30June 2022|290,727||1,200,010||1,490,737|
|Net book value||||||
|At 30June 2022|290,727||1,200,010||1,490,737|
|At 30June 2021|290,727||1,200,010||1,490,737|
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||Freehold|
|---|---|
||investment|
||property|
||6|
|Valuation||
|At1 July2021|42,851,000|
|Additions|485,000|
|At 30June 2022|43,336,000|
##
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||Freehold|
|---|---|
||investment|
||property|
||E|
|Valuation||
|At1 July2021|25,401,000|
|Additions|486,000|
|At 30June 2022|25,886,000|
##
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|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022
K|2021
E|2022|2021f|
|Due within one year||||||
|Trade debtors||125,048|202,114|125,048|202,114|
|Amounts
owed by group undertakings||||7,787,255|7,760,534|
|Other debtors||365,189|60,679|365,189|60,679|
|Prepayments|and accrued income|100,146|221,658|36,389|106,897|
|||590,383|484,451|8,313,881|8,130,224|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022
E|2021|2022
E|2021f|
|Bank loans||170,000|170,000|||
|Trade creditors||4,863|246,847|4,863|246,847|
|Other taxation and social security||70,811|56,422|70,811|56,422|
|Other creditors||114,306|12,984|110,515|9,350|
|Accruals and deferred|income|1,073,863|1,723,907|1,006,241|1,656,286|
|||1,433,842|2,210,160|1,192,430|1,968,905|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||5|5||5|
|Bank|loans|22,886,000|23,055,000|12,660,000|12,650,000|
##
|Summary
|offunds - current ye|ar||||
|---|---|---|---|---|---|
||||||Balance at|
|||Balance at 1|||30June|
|||July 2021|Income|Expenditure|2022|
|||6|5|5|5|
|General funds||24,305,739|2,629,876|(2,442,434)|24,493,181|
|Endowment|funds|44,462|||44,462|
|||24,350,201|2,629,876|(2,442,434)|24,637,643|
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at||||Gains/|30June|
|||1 July 2020|Income
5|Expenditure|f|(Losses)
5|2021
F|
|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|
|17.|Reconciliation
of net movement|Reconciliation
of net movement|Reconciliation
of net movement|in funds to net cash flow from operating|in funds to net cash flow from operating|activities||
|---|---|---|---|---|---|---|---|
|||||||Group|Group|
|||||||2022|2021|
|||||||6|6|
||Net income for the year (as per Statement||||of Financial Activities)|187,442|3,481,095|
||Adjustments
for:|||||||
||Decrease/(increase)|in debtors||||(105,932)|118,605|
||Increase/(decrease)|in creditors||||(776,318)|1,285,944|
||Revaluation
ofinvestment||properly||||(2,645,671)|
||Interest payable|||||1,129,829|1,134,651|
||Net cash provided|by operating||activities||435,021|3,374,624|
|18.|Analysis ofcash and cash equivalents|||||||
|||||||Group|Group|
|||||||2022
6|2021f|
||Cash
in hand|||||3,730,092|5,079,900|
||Total cash and cash equivalents|||||3,730,092|5,079,900|
|19.|Analysis ofchanges
in||net debt|||||
||||||At 1 July||At 30June|
||||||2021|Cash flows|2022|
|||||||6|E|
||Cash at bank and in|hand|||5,079,900|(1,349,808)|3,730,092|
||Debt due within
1 year||||(182,984)|(101,321)|(284,305)|
||Debt due aRer 1 year||||(23,066,000)|170,000|(22,885,000)|
||||||(18,168,084)|(1,281,129)|(19,439,213)|
##
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|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022
6|2021f|2022|2021|
|Amounts|receivable:|||||
|Not later than
1 year||1,214,418|1,554,469|1,214,418|1,554,469|
|Later than|1 year and not later than 5 years|4,780,554|7,152,166|4,780,554|7,152,166|
|Later than|5 years|2,379,852|4,094,308|2,379,852|4,094,308|
|||8,374,824|12,800,943|8,374,824|12,800,943|
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