2022-12-31-accounts

Governors		Mr D Jay
		Mr P Jay
		Mrl SJay
Secretary		Mr D Jay
Charity number		283295
Company	number	01567651
Principal address		Foframe House, 2nd Floor
		35-37Brent Street
		London
		NVV4 2EF
Registered	office	Foframe House, 2nd Floor
		35-37Brent Street
		London
		Nyv4 2EF
Auditor		Lopian Gross Barnett &Co
		1st Floor Cloister House
		Riverside,	New Bailey Street
		Manchester
		M3 5FS

			Page
Governors'	report		1-2
Statement	of governors' responsibilities
Independent	auditor's	report	4-6
Statement	offinancial	activities
Balance sheet
Statement	ofcash flows
Notes to the financial		statements	10 - 18

						Unrestricted Unrestricted	Unrestricted Unrestricted
						funds	funds
						2022	2021
					Notes	f	f
Income from:
Donations and	legacies						2,513,185
Investments						647,252	787,596
Total income						647,252	3,300,781
d~dit
Charitable activities						432,415	497,280
Other						316,184	290,794
Total expenditure						748,599	788,074
Net (outgoing)/incoming				resources		(101,347)	2,512,707
Other recognised		gains and losses
Revaluation of	tangible		fixed assets			(18,579)	(45,300)
Net movement	in funds					(119,926)	2,467,407
Fund balances	at 1 January			2022		9,490,109	7,022,702
Fund balances	at	31 December 2022				9,370,183	9,490,109

							2022	2021
						Notes	f	f
Fixed assets
Investment	properties					10	13,815,000	13,815,000
Investments						11	19	19
							13,815,019	13,815,019
Current assets
Debtors						12	899,332	470,253
Cash at bank and			in	hand			21,454
							920,786	470,253
Creditors:	amounts			falling	due within
one year						14	(219,193)	(566,297)
Net current	assetsi(habihties)						701,593	(96,044)
Total assets less			current		liabilities		14,516,612	13,718,975
Creditors:	amounts			falling	due after
more than	one	year				15	(5,146,429)	(4,228,866)
Net assets							9,370,183	9,490,109
Income funds
~d»i	d	d
General unrestricted				funds			3,911,455	4,012,802
Revaluation	reserve						5,458,728	5,477,307
							9,370,183	9,490,109
							9,370,183	9,490,109

					2022		2021
				Notes	f		f
Cash flows from operating		activities
Cash (absorbed by)/generated			from	18
operations						(1,160,201)		1,514,417
Investing activities
Purchase of investment	property				(18,579)		(2,960,300)
Investment income					647,252		787,596
Net cash generated from/(used			in)
investing activities						628,673		(2,172,704)
Financing activities
Drawdown of bank loans					558,466		571,079
Net cash generated from financing
activities						558,466		571,079
Net increase/(decrease)	in	cash and		cash
equivalents						26,938		(87,208)
Cash and cash equivalents		at beginning		ofyear		(5,484)		81,724
Cash and cash equivalents		at end of		year		21,454		(5,484)
Relating to:
Cash at bank and in hand						21,454
Bank overdraRs included	in	creditors
payable within one year								(5,484)

			Total	Unrestricted
				funds
			2022	2021
			6	6
	Donations	and giffs		2,513,185
4	Investments
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			6	6
	Rental income		647252	767t596
5	Grants payable
			2022	2021
			6	6
	Grants to	institutions:
	Other		432,415	497,280

The average monthly	The average monthly	number	number	ofemployees	ofemployees	during	the	year was:
									2022	2021
									Number	Number
Total
There were no employees			whose annual		remuneration			was more than 560,000.
Other
									2022	2021
Auditors'	remuneration								5,000	4,200
Auditors'	fees for non-audit		work						4,075	4,450
Interest	and finance costs		on	bank loans					181,614	113,111
Interest	on other loans								96,960	96,920
Other expenditure									28,535	72,113
									316,184	290,794

				2022
				5
Fair value
At 1 January 2022				13,815,000
Additions	through	external	acquisition	18,579
Net gains	or losses through		fair value adjustments	(18,579)
At 31 December 2022				13,815,000

	Unbated	Other	Total
	investments	investments
Cost or valuation
At 1 January 2022 8 31 December 2022			19
Carrying amount
At 31 December 2022	16		19
At 31 December 2021	16		19
		2022	2021
Other investments comprise:	Notes	8	6
Investments m subsidiaries	17

Debtors
		2022	2021
Amounts falling due within one year:		6	6
Other debtors		862,222	406,124
Prepayments	and accrued income	37,110	64,129
		899,332	470,253

				2022	2021
				8	8
Bank overdrafts					5,484
Bank loans				4,383,579	3,825,113
Loans from related		parties		808,000	808,000
				5,191,579	4,838,597
Payable	within one year			45,150	409,731
Payable	atter one year			5,146,429	4,228,866
Amounts	included	above which	fall due after five years:
Payable	by instalments			1,140,008	1,274,267
Payable	other than	by instalments		1,002,625	1,002,625
				2,142,633	2,276,892

Creditors: am	ounts falling	due within one year
			Notes	2022f	2021f
Bank loans and overdrafts			13	45,150	409,731
Other taxation	and social security			5,323	6,566
Trade creditors				1,922	1,697
Amounts owed	to subsidiary	undertakings		3	3
Other creditors				32,760	20,000
Accruals and deferred income				134,035	128,300
				219,193	566,297

15	Creditors: amounts	Creditors: amounts	falling due after more than one year
				Notes	2022f	2021 f
	Bank loans			13	4,338,429	3,420,866
	Other borrowing	s			808,000	808,000
					5,146,428	4,228,866

							Amounts	owed to related	owed to related
								parties
								2022	2021
								f		f
Other related	parties						32,760		20,000
The above loans are interest free and repayable				on demand.
The following	amounts	were outstanding	at the	reporting	end date'
				Amounts	owed by	related	Amounts	owed by related
					parties			parties
					2022			2021
				Balancef		Net	Balance f			Net f
Other related	parties			842,600		842,600	388,383		388,383
				842,600		842,600	3S8,383		388,383

	Details ofthe company's	Details ofthe company's	subsidiaries	subsidiaries	subsidiaries	subsidiaries	at 31	December	December	2022 are as	follows;
	Name ofundertaking			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
									Reserves
										8
	Yew Properties Limited
18	Cash generated from	operations												2022		2021
																8
	(Defimt)/surpus for the	year											(101,347)		2,512,707
	Ad/ustments for.
	Investment income recognised				in	statement		offinancial		activities			(647,252)			(787,596)
	Movements in working	capital:
	(Increase) in debtors												(429,079)			(202,401)
	Increase/(decrease) in	creditors												17,477		(8,293)
	Cash (absorbed by)/generated					from	operations						(1,160,201)		1,514,417
19	Analysis ofchanges	in	net (debt)/funds
											At 1 January		Cash flows		At 31	December
											2022					2022
												E		f		f
	Cash at bank and in hand													21,454		21,454
	Bank overdraRs										(5,484)			5,484
											(5,484)			26,938		21,454
	Loans falling due within	one		year							(404,247)			359,097		(45, 150)
	Loans falling due aRer	more		than		one	year				(4,228,866)			(917,563)	(5,146,429)
											(4,638,597)			(531,528)	(5,170,125)