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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 Pic||
|||1 Churchill
Place||
|||Canary Wharf||
|||London||
|||E145HP||
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|||||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|||||
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|||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|
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||||||||||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|
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|||||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|
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|||||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|
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|||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|
##
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|||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)|
##
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|||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|
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