2021-12-31-accounts

Company number	Company number	01567651
Principal address		Foframe House, 2nd Floor
		35-37 Brent Street
		London
		NW4 2EF
Registered	office	Foframe House, 2nd Floor
		35-37 Brent Street
		London
		NW4 2EF
Auditor		Lopian Gross Barnett ft Co
		1st Floor Cloister House
		Riverside, New Bailey Street
		Manchester
		M3 5FS

			Page
Governors'	report		1 -3
Statement	ofgovernors' responsibilities
Independent	auditor's	report	5-7
Statement	offinancial	activities
Balance sheet
Statement	ofcash flows		10
Notes to the financial		statements	11 - 20

				Unrestricted Unrestricted	Unrestricted Unrestricted
				funds	funds
				2021	2020
			Notes	f	6
Income from:
Donations and	legacies		3	2,513,185	40,753
Investments			4	787,596	704, 142
Total income				3,300,781	744,895
~E* da
Charitable activities			5	497,280	486,480
Other			8	290,794	213,005
Total expenditure				788,074	699,485
Net incoming	resources			2,512,707	45,410
Other recognised		gains and losses
Revaluation of	tangible fixed assets			(45,300)	196,050
Net movement	in funds			2,467,407	241,460
Fund balances	at 1 January 2021			7,022,702	6,781,242
Fund balances	at	31 December 2021		9,490,109	7,022,702

					2021	2020
				Notes	6	6
Fixed assets
Investment	properties			10	13,815,000	10,900,000
Investments				11	19	19
					13,815,019	10,900,019
Current assets
Debtors				12	470,253	267,852
Cash at bank and in		hand				81,724
					470,253	349,576
Creditors:	amounts	falling due within
one year				14	(566,297)	(2,586,493)
Net current	liabilities				(96,044)	(2,236,917)
Total assets less current			liabilities		13,718,975	8,663,102
Creditors:	amounts	falling due after
more than	one year			15	(4,228,866)	(1,640,400)
Net assets					9,490,109	7,022,702
Income funds
Unrestricted	funds
General unrestricted		funds			4,012,802	1,500,095
Revaluation	reserve				5,477,307	5,522,607
					9,490,109	7,022,702
					9,490,109	7,022,702

				2021		2020
			Notes	f		f
Cash flows from operating	activities
Cash generated from/(absorbed		by)	19
operations					1,514,417		(553,492)
Investing activities
Purchase ofinvestment property				(2,960,300)		(3,950)
Investment income				787,596		704,142
Net cash (used in)/generated		from
investing activities					(2,172,704)		700,192
Financing activities
Repayment of bank loans				571,079		(97,777)
Net cash generated from/(used		in)
financing activities					571,079		(97,777)
Net (decrease)/increase in	cash and cash
equivalents					(87,208)		48,923
Cash and cash equivalents	at beginning		ofyear		81,724		32,801
Cash and cash equivalents	at	end ofyear			(5,484)		81,724
Relating to:
Cash at bank and in hand							81,724
Bank overdrafts included in	creditors
payable within one year					(5,484)

			Unrestricted	Unrestdcted
			funds	funds
			2021f	2020
Donations	and	gifts	2,513,185	40,753

4	Investments
		Unrestricted		Unrestricted
		funds		funds
		2021		2020
			8	5
	Rental income	787,596		704,142
5	Grants payable
		2021		2020
				8
	Grants to institutions:
	Other	497,280		486,480

			2021	2020
Auditors'	remuneration		4,200	3,600
Auditors'	fees for non-audit	work	4,450	6,094
Interest	and finance costs	on bank loans	113,111	98,008
Interest	on other loans		96,920	96,960
Other expenditure			72,113	8,343
			290,794	213,005

				2021
				6
Fair value
At 1 January 2021				10,900,000
Additions	through	external	acquisition	2,960,300
Net gains	or losses through		fair value adjustments	(45,300)
At 31 December 2021				13,815,000

Fixed asset investments
	Unlisted	Other	Total
	investmentsf	investments
Cost or valuation
At1 January 2021 8 31 December2021	16		19
Carrying amount
At 31 December 2021			19
At 31 December 2020	16		19
		2021	2020
Other investments comprise:	Notes		6
Investments in subsidiaries	18

Debtors
		2021	2020
Amounts falling due within one year:
Other debtors		406,124	263,441
Prepayments	and accrued income	64,129	4,411
		470,253	267,852

				2021	2020
				E	6
Bank overdrafts				5,484
Bank loans				3,825,113	3,254,034
Loans from related		parties		808,000	808,000
				4,638,597	4,062,034
Payable	within one year			409,731	2,421,634
Payable	after one	year		4,228,866	1,640,400
Amounts	included	above which	fall due after five years:
Payable	by instalments			1,274,267	1,053,683
Payable	other than	by instalments		1,002,625
				2,276,892	1,053,683

Creditors: am	ounts f	alling	due within one year
					2021	2020
				Notes		6
Bank loans and overdrafts				13	409,731	1,613,634
Other bonowings						808,000
Other taxation	and social security				6,566	5,347
Trade creditors					1,697	122
Amounts owed	to subsidiary		undertakings		3	3
Other creditors					20,000
Accruals and deferred		income			128,300	159,387
					566,297	2,586,493

Credi	tors: amounts falling due after mo	re than one year
			2021	2020
		Notes		6
Bank	loans	13	3,420,866	1,640,400
Other	borrowings		808,000
			4,228,866	1,640,400

			Amounts	owed	to	related
				parties
				2021		2020
						6
Other	related	parties	20,000

			Amounts owed	by	related	Amounts owed	by	related
			parties			parties
			2021			2020
			Balance		Net	Balance			Net
					6	6
Other	related	parties	388,383		388,383	244,910		244,910
			388,383		388,383	244,910		244,910

Details ofthe company'	s subsidiaries at 31	s subsidiaries at 31	s subsidiaries at 31	s subsidiaries at 31	December	December	2021 are as follows:
Name of undertaking	Registered				Nature		ofbusiness	Class of	%Held
	office							shares held	Direct	Indirect
Yew Properties Limited	England			and	Dormant			Ordinary	100.00
	Wales
The aggregate capital	and reserves		and the		result	for the year ofsubsidiaries		was as follows:
Name of undertaking		Profit/(Loss)				Capital and
						Reservesf
Yew Properties Limited
Cash generated from	operations							2021		2020
										6
Surplus for the year								2,512,707		45,410
Adjustments for:
Investment income recognised in		statement			offinancial		activities	(787,596)		(704,142)
Movements in working	capital:
(Increase)/decrease in	debtors							(202,401)		26,246
(Decrease)/increase in	creditors							(8,293)		78,994
Cash generated from/(absorbed			by)	operations				1,514,417		(553,492)

20	Analysis ofchanges in net (debt)/funds
		At 1 January	Cash flows	At 31 December
		2021		2021
		6	6	6
	Cash at bank and in hand	81,724	(81,724)
	Bank overdrafts		(5,484)	(5,484)
		81,724	(87,208)	(5,484)
	Loans falling due within one year	(2,421,634)	2,017,387	(404,247)
	Loans falling due after more than one year	(1,640,400)	(2,588,466)	(4,228,866)
		(3,980,310)	(658,287)	(4,638,597)