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