#
##
##
##
|||||
|---|---|---|---|
|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)||