2023-06-30-accounts

					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 Pic
		1 Churchill Place
		Canary Wharf
		London
		E145HP

				Endowment	Unrestricted	Total	Total
				funds	funds	funds	funds
			Note	2023 F	2023 f	2023 6	2022
Income and endowments		from:
Investments					2,745,405	2,745,405	2,629,876
Total income and endowments					2,745,405	2,745,405	2,629,876
Expenditure on:
Raising funds					1,823,329	1,823,329	2,116,684
Charitable activities					246,810	246,810	325,750
Total expenditure					2,070,139	2,070,139	2,442,434
Net income before	net gains on
Investments					675,266	675,266	187,442
Net gains on investments					8,743,301	8,743,301
Net income in the year and
movement in funds					9,418,567	9,418,567	187,442
Reconciliation offunds:
Total funds brought	forward			44,462	24,493,181	24,537,643	24,350,201
Net movement in funds					9,418,567	9,418,567	187,442
Total funds carried	forward			44,462	33,911,748	33,956,210	24,537,643

			TH	E	DAVID TAN	NEN CHARITA	BLE TRUST OF	BLE TRUST OF	28 MARCH 1	974
						Consolidated	balance sheet
						As at 30	June 2023
						Nots			2023f	2022f
Fixed assets
Investments						11			1,200,010	1,200,010
Investment property						12		45,184,000		43,336,000
								46,384,010		44,536,010
Current assets
Debtors						13	585,311			590,383
Cash at bank and		in	hand				11,459,744			3,730,092
							12,045,055			4,320,475
Creditors: amounts			falling	due within one
year						14	(11,822,866)			(1,433,842)
Net current assets									222,200	2,886,633
Total assets less		current			liabilities			46,606,210		47,422,643
Creditors; amounts than one year			falling	due after more 15				(12,650,000)		(22,885,000)
Total net assets								33,966,210		24,537,643
Charity funds
Endowmentfunds						16			44,462	44,462
Unrestricted funds						16		33,911,748		24,493,181
Total funds								33,966,210		24,537,643
The fi cial statements				were approved		and authorised	for issue by	the	Trustees and	signed on their behalf by:
DA Tanne							J Mi	lier
(Trustee)							(True
ti(o	(kaxr.

		TH	E DAVID TANNEN CHARITA	E DAVID TANNEN CHARITA	BLE TRUST	OF 28 MARCH 1	OF 28 MARCH 1	974
			Charity Statement		offinancial	position
				As at 30	June 2023
				Note			2023f	2022 8
Fixed assets
Investments				11			1,840,737	1,490,737
Investment property				12			27,384,000	25,886,000
							29,224,737	27,376,737
Current assets
Debtors				13	8,079,968			8,313,881
Cash at bank	and in hand				10,484,100			2,689,455
					18,564,068			11,003,336
Creditors: amounts		falling	due within one
year				14	(1,182,594)			(1,192,430)
Net current	assets						17,381,474	9,810,906
Total assets	less current liabilities						46,606,211	37,187,643
Creditors: amounts than one year		falling	due after more	15			(12,650,000)	(12,650,000)
Total net assets							33,956,211	24,537,643
Charity funds
Endowment	funds						44,462	44,462
Unrestricted	funds						33,911,749	24,493,181
Tot I funds							33,956,211	24,537,643
Th ncial	statements		were approved	and authorised	for issue by		the Trustees and	signed on their behalf by:
DA Tan en (Trustee) D.t.: %v/g~. t/.					J Miller %//2&+

						2023	2022
					Note	6	E
Cash flows from operating		activities
Net cash used in operating	activities				17	2,127,234	435,021
Proceeds from the sale of investment			property			6,895,301
Purchase of investment property							(485,000)
Net cash provided by/(used		In) investing		activities		6,895,301	(485,000)
Cash flows from financing		activities
Repayments of borrowing						(170,000)	(170,000)
Interest payable						(1,122,883)	(1,129,829)
Net cash used in financing		activities				(1,292,883)	(1,299,829)
Change in cash and cash	equivalents in			the year		7,729,652	(1,349,808)
Cash and cash equivalents	at the beginning			ofthe year		3,730,092	5,079,900
Cash and cash equivalents		at the end of		the year	18	11,459,744	3,730,092
The notes on pages 13to 23		form part	ofthese financial statements

		Unrestricted	Total	Total
		funds	funds	funds
		2023f	2023 8	2022
Rent from investment	properties	2,741,525	2,741,525	2,628,868
Interest		3,880	3,880	1,008
		2,745,405	2,745,405	2,629,876

									Unrestricted	Unrestricted		Total	Total
										funds		funds	funds
										2023f		2023 F	2022f
	Bank loan interest									1,122,883		1,122,883	1,128,829
	Property	expenses								700,446		700,446	987,855
										1,823,329		1,823,329	2,116,684
6.	Analysis	of	grants
										Grants to		Total	Total
										Institutions		funds	funds
										2023		2023	2022
											6	6	6
	Grants payable									239,700		239,700	319,150
	The Group has made				the following		material		grants to institutions	during the	year:
													2023
													6
	Name of institution
	Hatzola	Northwest		Trust									20,000
	WST Charity		Ltd										29,000
	Community		Concern		London								15,000
	North London Welfare and					Educational		Foundation					12,600
													76,500
	Other grants		to institutions			-less than		611,000					163,200
													239,700

				Grant
				funding of	Support	Total	Total
				activities	costs	funds	funds
				2023 F	2023f	2023 5	2022f
Grants payable				239,700		239,700	319,150
Auditor's remuneration					7,110	7,110	6,600
Total 2023				239,700	7,110	246,810	325,750
Auditor's remuneration
						2023f	2022
Fees payable accounts	to the charity's	auditor	for the	audit ofthe charity's	annual	3,960	3,600
Fees payable	to the charity's	auditor	in respect of:
The auditing	ofaccounts of	associates ofthe charity				3,150	3,000

				Unlisted
				investments
Group				F
Cost or valuation
At1 July2022				1,200,010
At 30June 2023				1,200,010
Net book value
At 30June 2023				1,200,010
At 30June 2022				1,200,010
	Investments
	in
	subsidiary	Unlisted
Charity	companies E	investments	f	Total
Cost or valuation
At1 July2022	290,727	1,200,010		1,490,737
Reversal of prior impairment	350,000			350,000
At 30June 2023	640,727	1,200,010		1,840,737
Net book value
At 30June 2023	640,727	1,200,010		1,840,737
At 30June 2022	290,727	1,200,010		1,490,737

		Freehold
		investment
		property
		E
Valuation
At 1 July	2022	43,336,000
Disposals		(3,122,000)
Surplus	on revaluation	4,970,000
At 30June 2023		45,184,000

				Group	Group	Charity	Charity
				2023	2022	2023	2022
				6	F	F
Due within one year
Trade debtors				153,047	125,048	163,047	125,048
Amounts owed		by group undertakings		336,541		7,843,948	7,787,255
Other debtors				52,194	365,189	52,194	365,189
Prepayments	and accrued income			43,529	100,146	30,779	36,389
				585,311	590,383	8,079,968	8,313,881
Creditors: Amounts			falling due within one year
				Group	Group	Charity	Charity
				2023 9	2022 E	2023f	2022f
Bank loans				10,235,000	170,000
Trade creditors				17,535	4,863	17,635	4,863
Amounts owed		to group undertakings		336,540
Other taxation		and social security		101,776	70,811	101,776	70,811
Other creditors				88,696	114,305	87,747	110,515
Accruals and	deferred		income	1,043,308	1,073,863	975,536	1,006,241
				11,822,855	1,433,842	1,182,594	1,192,430

		Group	Group	Charity	Charity
		2023f	2022	2023 f	2022
Bank	loans	12,650,000	22,885,000	12,650,000	12,650,000

Summary	offunds - current y	ear
						Balance at
		Balance at 1			Gains/	30June
		July 2022 f.	Income f	Expenditure f	(Losses) F	2023 f
General funds		24,493,181	2,745,405	(2,070,139)	8,743,301	33,911,748
Endowment	funds	44,462				44,462
		24,537,643	2,745,405	(2,070,139)	8,743,301	33,956,210
Summary	offunds - prior year
						Balance at
			Balance at			30June
			1 July 2021	Income f	Expenditure f	2022f
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)	24,537,643

17.	Reconciliation of net movement	Reconciliation of net movement	in funds to net cash flow	in funds to net cash flow	in funds to net cash flow	from operating	activities
							Group	Group
							2023f	2022
	Net income for the year (as per Statement			of	Financial Activities)		9,418,567	187,442
	Adjustments for:
	Decrease/(increase) in debtors						5,072	(105,932)
	Increase/(decrease) in creditors						324,013	(776,318)
	Profit on sale of investment	property					(3,773,301)
	Revaluation of investment	property					(4,970,000)
	Interest payable						1,122,883	1,129,829
	Net cash provided by operating		activities				2,127,234	435,021
18.	Analysis ofcash and cash equivalents
							Group	Group
							2023 E	2022f
	Cash in hand						11,459,744	3,730,092
	Total cash and cash equivalents						11,459,744	3,730,092
19.	Analysis ofchanges in net debt
							Other non-
					At 1 July		cash	At 30June
					2022	Cash flows 6	changesf	2023 E
	Cash at bank and in hand				3,730,092	7,729,652		11,459,744
	Debt due within 1 year				(284,305)	195,609	(10,235,000)	(10,323,696)
	Debt due after 1 year				(22,885,000)		10,235,000	(12,650,000)
					(19,439,213)	7,925,261		(11,513,962)

		Group	Group	Charity	Charity
		2023 E	2022	2023 5	2022f
Amounts	receivable:
Not later than 1 year		1,360,023	1,214,418	1,360,023	1,214,418
Later than	1 year and not later than 5 years	5,783,842	4,780,554	5,783,&42	4,780,554
Later than	5 years	2,558,015	2,379,852	2,558,015	2,379,852
		9,701,880	8,374,824	9,701,880	8,374,824