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||||||Page|
|---|---|---|---|---|---|
|Reference and Administrative|||Details|||
|Report ofthe|Trustees||||2to 3|
|Report ofthe|Independent||Auditors||4to 5|
|Consolidated|Statement of||Financial|Adivltles||
|Consolidated|Balance Sheet|||||
|CharltY Balance Sheet||||||
|Consolidated|Cash Flow Statement|||||
|Notes to the|Consolidated|Cash Flow||Statement||
|Notes to the|Consolidated|Financial Statements|||11to 22|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|
||||||fund|funds|
|||||Notes|E|I|
|INCOME AND ENDOWMENTS|||FROM||||
|Other trading
Income|||||1,358,382|1,455,786|
|Investment
income|||||1143093|1045082|
|Total|||||2,501,475|2,500,868|
|EXPENDITURE ON|||||||
|Raising funds|||||||
|Investment
management||costs|||177,583|161,483|
|Trading costs|||||1,287,069|1,310,443|
|Charitable
activities|||||||
|Grants and other activities|||||71145|135405|
|Total|||||1,535,797|1,608,332|
|Tax payable|||||(6,376)|7,736|
|Other income|||||3,676|12,798|
|Net gains/(losses)
on|investments||||77/127|42,680|
|NET INCOME|||||170407105|955750|
|RECONCILIATION|OF FUNDS||||||
|Totalfunds
broughtforvvard|||||2870727115|27 116365|
|TOTAL FUNDS CARRIED FORWARD|||||29112220|28072115|
##
||||2022|2021|
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||fund|funds|
|||Notes|E|E|
|FIXEDASSETS|||||
|Tangible fixed assets||10|506,652|600,639|
|Investments||11|175047530|1427 404|
|Investment
property||12|22035 421|22 507 338|
||||24,846,603|24,535,381|
|CURRENT ASSETS|||||
|Debtors||13|1+297592|1,143,964|
|Investments||14|53,843|53,843|
|Cash at bank|||3408615|3 003 676|
||||477927050|4 201483|
|CREDITORS|||||
|Amounts
falling due within|one year|15|(524,423)|(662,739)|
|NET CURRENT ASSETS/(LIABILITIES)|||4,267,627|3,538,744|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||29,114,230|28,074,125|
|CREDITORS|||||
|Provisions for liabilities|||(2,010)|(2,010)|
|NET ASSETS|||29112220|28072115|
|FUNDS||17|||
|Unrestricted
funds|||29 112220|28072 115|
|TOTAL FUNDS|||29 112220|28072 115|
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|
||||||fund|funds|
|||||Notes|E|E|
|Investments|||||||
|Investments|||||161|181|
|Investment|property||||2~2
~5421|22 507338|
||||||22+357602|22,507,519|
|CURRENT|ASSETS||||||
|Debtors||||13|1,164,209|1,233,332|
|Investments||||14|67+43|67,843|
|Cash at bank|||||3014424|2 206452|
||||||4,246,476|3,587,627|
|CREDITORS|||||||
|Amounts
falling due within one year||||15|(214856)|(246,746)|
|NET CURRENT ASSETS/(LIABILITIES)|||||4031620|3340801|
|TOTAL ASSETS LESS||CURRENT LIABILITIES|||26,867,222|25,848,400|
|NET ASSETS|||||26867222|25048400|
|FUNDS||||17|||
|Unrestricted|funds||||26067222|25040400|
|TOTAL FUNDS|||||2~667222|258404550|
|The financial|statements|were approved|zoJ 4of I 2~ 7&
by the Board ofTrustees on ...................I......................... and|||were signed on|
|its behalf by|||||||
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|E|I|
|Cash flows from operating
activities:
Cash generated
from operations|||||752,219|110,512|
|Interest
paid|||||||
|Tax paid|||||||
|Net cash provided
by (used in) operating
activities|||||7~52 219|~110512|
|Cash flows from investing|activities:||||||
|Purchase of investment
property|||||(328,083)|(1,858,724)|
|Purchase oftangible
fixed assets|||||(19,790)|(16,835)|
|Interest received|||||593|2,059|
|Net cash provided
by (used in) investing|||||||
|activities|||||(3~47280)|(1~873500)|
|Change
in cash and cash
reporting
period|equivalents|in the|||404,939|(1,762,988)|
|Cash and cash equivalents|at the beginning||of||||
|the reporting
period||||2|3,0~03676|4~766 664|
|Cash and cash equivalents
reporUng
period|at the end|ofthe||2|3,4~08615|3~003676|
##
|RECONCILIATION|OF NET INCOME TO NET|OF NET INCOME TO NET|CASH FLOW FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|6|
|Net income for the reporting
period (as||per|the consolidated|||
|statement
offinancial activities)||||962,978|913,071|
|Adjustments
for:||||||
|Depreciation
charges||||113,778|119,305|
|Gains on investments||||||
|Interest receivable||||(593)|(2,059)|
|Increase
in debtors
Increase
in creditors||||93,062
~417006)|(969,032)
~49 227|
|Net cash provided|by (used in) operating|activities||~752 219|~110512|
|ANALYSIS OF CASH AND CASH EQUIVALENTS||||||
|||||2022|2021|
|||||E|6|
|Cash and cash equivalents
Overdrafts
Induded
ln bank loans and overdrafts|||falling due within one year|3,408,619
~4)|3,003,680
~4)|
|Total cash and cash equivalents||||3,4~08615|3~003676|
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||||||||||Group|Group|||||Charity||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||2022||||2021|2022|||2021||||
||||||||E||||E||E||E||||
||Rental|income|||||1,142,500|||1,043,023||1,142,500|||1,043,023||||
||Interest|received||||||593|||2,059|||593|2,059||||
||Income|from|investment|||property||||||100,000|||100,000||||
||||||||1,143,093|||1,045,082||1,243,093|||1,145,082||||
||RAISING||FUNDS||||||||||||||||
||Investment|||management|||costs||||||||||||
||||||||||||Group|||||Charity|||
|||||||||||2022||||2021|2022||2021||
|||||||||||E||||E|E|||E|
|Insurance||||||||||10,729||||25,553|10,729||25,553||
|Light and Heat
Sundry Expenses||||||||||27,187
3+88||||15,326
3,840|27,187
3488||15,326
3,840||
|General||and Water||Rates||||||26/34||||28,799|26+34||28,799||
||Rent Collection|||||||||74,332||||70,807|74,332||70,807||
||Property
Repairs
Legal and Professional||||fees|||||31,634
2979|||14,587
~2571||31,634
2979||14,587
2 571||
|||||||||||177|~03||~161483||177|583|161483||
|Trading||costs|||||||||||||||||
|||||||||||Group|||||Charity||||
|||||||||2022||||2021|||2022||2021||
|||||||||E||||E|||E||E||
|Cost of||sales|||||1,157,927|||||1,255,096|||||||
|Administrative|||expense|||||129,142||||55,347|||||||
||||||||1|207|009|||1 310|443||||||
||CHARITABLE ACTIVITIES||||||COSTS||||||||||||
||Group||||||||||||||||||
|||||||||||||Grant|||||||
|||||||||||||funding|of|Support|||||
|||||||||||||activities||costs||Totals|||
|||||||||||||(Seenote|6)|(Seenote|7)||||
|||||||||||||E||E|||6||
||Charitable||acfivities|||cost||||||~28935||~42 210||~71145|||
||Charity||||||||||||||||||
|||||||||||||Grant|||||||
|||||||||||||funding|of|Support|||||
|||||||||||||activities||costs||Totals|||
|||||||||||||(See note|6)|(Seenote|7)||||
|||||||||||||E||F.|||E||
||Charitable||activities|||cost||||||~28935||~17753||~46688|||
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|are paid directly from|are paid directly from|the charity to the institutions,
as follows:||
|---|---|---|---|
|Name ofcharitable||organisation|Total donation (I)|
|Achlsomoch|||10,000|
|Aish
UK|||5,000|
|Yeshivah|Lzeirim||5,000|
|Shaarei|Orah||5,000|
|Hendon|Adath||3,000|
|Other|||935|
##
|||Group|||Charity||
|---|---|---|---|---|---|---|
||2022||2021|2022||2021|
||E||6|E||E|
|Grants|28 93~||~83 101|~28935||~83 101|
|||||Group||Charity||
|---|---|---|---|---|---|---|---|
|||||Grant||Grant||
|||||funding of||funding of||
|||||activities||activities||
|||||2022|2021|2022|2021|
|||||F.|E|E|E|
|Educational||||5,000|36,700|5,000|36,700|
|Advancement||of|religion|13,000||13,000||
|Relief of poverty
Genera
I purposes|||and illness|10,000
935|43,000
3401|10,000
935|43,000
~3401|
|||||28935|~83 101|28935|~83 101|
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|||||Group||Charity||
|---|---|---|---|---|---|---|---|
|||||Governance||Governance||
|||||costs||costs||
|||||2022|2021|2022|2021|
|||||E|E|E|E|
|Support|costs|||42 210|53 305|17753|~17 581|
|Support|costs, included||in the above,|are as follows:||||
|||||Group||||
|||||2022|2021|2021|2021|
|||||E|E|E|E|
|Bank charges
Hire of plant and machinery||||1,194
3,959|2,222
2,759|1,194
3,959|2,222
2,759|
|Auditors'
remuneration
Accountancy
and legal|||fees|2,400
34657
42 210|2,400
~45 924
~53 305|2,400
10200
17753|2,400
10200
17551|
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|Charity|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Unlisted|
|||||||||||investments|
|||||||||||f|
|MARKET|VALUE||||||||||
|At 1April|2021 and 31 March||2022|||||||181|
|NET BOOK VALUE|||||||||||
|At 31 March 2022||||||||||181|
|At 31 March 2021||||||||||181|
|There were no investment||assets outside||the UK.|||||||
|Holdings|of 2043/63 or more||||||||||
|The charity holds 20%or||more ofthe share capital|||ofthe|following|companies:||||
||||||Country|of||||Proportion|
|||||registration||or|Nature of|Shares held||ofshares|
|Charity||||incorporation|||business||class|held|
|Subsidiary
undertaking|||||||||||
|Churchill|House Management||Limited||UK||Provision of|Ordinary|shares|100%|
|||||||serviced office|||||
||||||||facilities||||
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|||||||Capital|and|reserves|Profit/(loss|Profit/(loss|for the year)|for the year)|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||E||||E|
|Churchill|House|Management||Limited||||765,568||||(55+43)|
||||||Country|of||||||Proportion|
||||||registration|or|Nature of||Shares held|||ofshares|
|Company|||||incorporation||business|||class||held|
|Participating||interest|||||||||||
|Foframe of Huntingdon|||Limited||UK|Holding||company|Ordinary|shares||25%|
|||||||and warehouse|||||||
|||||||||letting|||||
|||||Capital and reserves|Capital and reserves|Profit/(loss|Profit/(loss|for the year)|for the year)|
|---|---|---|---|---|---|---|---|---|---|
||||||E||||E|
|Foframe of Huntingdon||Limited|||2,940,020||||108,405|
|Subsidiaries of Foframe ofHuntingdon|||Limited|||||||
||||Country|of|||||Proportion|
|||registration||or|Nature of|Shares held|||ofshares|
|Company|||incorporation||business||class||held|
|Sixtrees Limited|||UK|Photo frames||Ordinary|shares||25%|
|Foframe Properties|Limited||UK|Property|investment|Ordinary|shares||25%|
##
|year wer|e as follow|s:|||||
|---|---|---|---|---|---|---|
||||Capital|and reserves|Profit/(loss|for the year)|
|||||E||E|
|Sixtrees|Limited|||846,324||71,176|
|Foframe|Properties|Umited||1,522,179||128,921|
|12.|INVESTMENT PROPERTY||
|---|---|---|
||Group||
||MARKET VALUE||
||At 1 April 2021
Additions|22,507,338
328083|
||At 31 March 2022|2~2835 21|
||NET BOOK VALUE||
||At 31 March 2022|2~23~421|
||At 31 March 2021|22 507 338|
||Charity||
||MARKET VALUE||
||At 1 April 2021
Additions|22,507,337
328083|
||At 31 March 2022|22 835 421|
||NET BOOK VALUE||
||At 31 March 2022|2~23~421|
||At 31 March 2021|22 507338|
##
##
|||||Group||Charity||
|---|---|---|---|---|---|---|---|
||||2022
E||2021
E|2022
f|2021
E|
|Trade
Other|debtors
debtors|I|239,053
090 ~39||92,668
1 061296|1164209|1 233 332|
|||I|329592||I 143964|1164209|I 233 332|
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||||||Group||Charity||
|---|---|---|---|---|---|---|---|---|
||||2022
f|||2021
E|2022
E|2021
E|
|Other|unlisted|investments|~53|43||53 843|67043|67843|
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||||Group|Charity||
|---|---|---|---|---|---|
|||2022
f|2021
E|2022
f|2021
E|
|Bank
Trade|loans and overdraR (see note 16)
creditors|4
1857439|356 256|I107439|4
179690|
|Other|creditors|330980|306479|10441~|67052|
|||524423|662739|214056|246746|
##
##
|n analysi|s ofthe maturity
of loans is given below:||||||
|---|---|---|---|---|---|---|
||||Group||Charity||
|||2022
E||2021
E|2022
f|2021
E|
|Amounts|falling due within one year on||||||
|demand:|||||||
|Bank overdraR|||||||
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|Group|||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|Financial|assets measured||at|amortised|cost||1329 992|1 143964|
|Financial|liabilities|measured||at amortised||cost|524,423|662,739|
##
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|Charity|||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
|Financial|assets measured||at|amortised|cost||1 164 263|1 233332|
|Financial|liabilities|measured||at amortised||cost|214,856|246,746|