**COMPANY REGISTRATION NUMBER: 01629860** 

## **CHARITY REGISTRATION NUMBER: 284984** 

## **Vendquot Limited** 

## **Company Limited by Guarantee Unaudited Financial Statements** 

**For the year ended** 

**30 June 2021** 

## **COHEN ARNOLD** 

Chartered accountants New Burlington House 1075 Finchley Road LONDON NW11 0PU 



**Vendquot Limited** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 30 June 2021** 

||**PAGES**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1 to 3**|
|Independent examiner's report to the trustees|**4**|
|Statement of financial activities (including income and expenditure||
|account)|**5**|
|Statement of financial position|**6**|
|Notes to the financial statements|**7 to 13**|





**Vendquot Limited** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year ended 30 June 2021** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2021. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

**Registered charity name** Vendquot Limited **Charity registration number** 284984 **Company registration number** 01629860 **Principal office and registered** New Burlington House **office** 1075 Finchley Road London NW11 0PU 

**THE TRUSTEES** 

Mr D Davis Mrs J Davis Mr M Davis Mr N Davis **COMPANY SECRETARY** Mrs J Davis 

**INDEPENDENT EXAMINER** Mr J Neumann FCA 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The charity is constituted as a company limited by guarantee, and is therefore governed by its Memorandum and Articles of Association. 

The trustees administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity. 

It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment training and induction procedures. 

## **OBJECTIVES AND ACTIVITIES** 

The charity is established to further those purposes both in the United Kingdom and abroad recognised as charitable by English Law and in furtherance of the aforementioned objects. 

The charity receives income mainly from its property investments and charitable receipts under gift aid, which it utilises in the provision and distribution of grants and donations. 

The charity's principle activity throughout the year was the provision and distribution of donations and grants to organisations, and no change is envisaged in the immediate future. 

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year. 

**- 1 -** 



**Vendquot Limited** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 30 June 2021** 

## **ACHIEVEMENTS AND PERFORMANCE** 

During the year the charity continued its philanthropic activities in support of education, religion and other charitable institutions and aggregate donations were paid of £70,150 (2020: £145,250) 

The financial results of the charity's activities for the year to 30 June 2021 are fully reflected in the attached Financial Statements together with the notes thereon. 

## **FINANCIAL REVIEW** 

## **Reserves policy** 

It is the policy of the charity to maintain unrestricted funds, which include the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year. 

As at 30 June 2021 the charity had total funds of £4,349,898. The trustees have not undertaken any formal charitable commitments and consider that the charity can rely on its income from investments to fund its ongoing activities. 

## **Grant making policy** 

Grants are made to charitable institutions and organisations which accord with the objects of the charity. 

The trustees are approached for donations by a wide variety of charitable institutions operating all over England and abroad. The trustees consider all requests which they receive and make donations based on the level of funds available. 

## **Investment powers and policy and objectives** 

Under the memorandum and articles of association, the charity has the power to make any investment, which the trustees see fit.  The trustees regularly review the charity's position and needs in respect of the investment policy. 

## **PRINCIPAL RISKS AND UNCERTAINTIES** 

## **Risk management** 

The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to manage those risks. 

## **PLANS FOR FUTURE PERIODS** 

The trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves are maintained. 

## **SMALL COMPANY PROVISIONS** 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

**- 2 -** 



Vendquot Limited
Company Limited by CTuarantee
Year ended 30 June 2021
-" L-tk..:..7.l and Sig￿ on behalf of the iN)ard of
The irusttts, 8nnual reEM)rt w&8 awroved on .....
trustees by:
Mr M Davis
TnJS￿t

Vendquot Limlted
Company Limited by Guarantee
Independent Examlner's Report to the Trustees of Vendquot Lfimlted
Year ended 30 June 2021
I report to the truslees on my examination of the financial staternents of Vendquot Limited {'the
charity,) for ihe year ended 30 June 2021.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees of the company (and also its directors for the PUTP05eS of company law) you
are responsible foT the preparalion of th¢ ac¢ounts in accordance with the reqtsirements of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accoun15 of the company are not required to be audited under Part 16
of the 2006 Act and Are eligible for independent examination. I report in respect of my examination of
your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 A¢t'). In
¢arrying out my examination I have followed the Directions given by the Charity Commission under
section 145{5) (b) of the 2011 Act,
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. l eonfirni that no matters have come to my attention in connection
with the examination giving me cause to believe..
accounting records wert not kept in respect of the charity as required by section 386 of the
2006 Act; or
the financial statement$ do noi accord with Ihos¢ records. or
the financial slatements do not comply with the occounling requirements of section 396 of
the 2CrfJ6 A¢1 Other ihan any requirement that the accounts give a 'tru¢ and fair, view which is
not a matter considered as part of an independent examination: or
the financial statements have not been prepared in accordance with th¢ methods and
princTples of the Siafrment of Recommended Pr￿11¢¢ for accounting and reporting by
charities applicable to chariti¢s preparing their a¢counls in accordance with ih¢ Financial
Reporliftg Siandard applicable in the UK and Republi¢ of Ireland (FRS 102).
I have no concerns and have come acros5 no other matters in eonnection with the exarnination lo
which attention should be drawn ID this report in order to enable a proper understanding of the
accounts to b¢ reached.
Mr J Neumann FCA
Independent Examiner
COHEN ARNOLD
Chartered Accountants
New Burlington House
1075 Fin¢hley Road
LONDON
NWI I OPU
.22
Date..

## **Vendquot Limited** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 30 June 2021** 

|||**2021**|**2021**|2020|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Investment income|**5**|149,527|**149,527**|151,105|
|||ৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄ|
|**Total income**||149,527|**149,527**|151,105|
|||৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|
|**Expenditure**|||||
|Expenditure on raising funds:|||||
|Investment management costs|**6**|(30,198)|**(30,198)**|(24,402)|
|Expenditure on charitable activities|**7,8**|(74,333)|**(74,333)**|(149,478)|
|||ৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**||(104,531)|**(104,531)**|(173,880)|
|||৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|
|Net gains on investments|**11**|5,143|**5,143**|1,020,000|
|||ৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net income and net movement in funds**||50,139|**50,139**|997,225|
|||৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**|||||
|Total funds brought forward||4,299,759|**4,299,759**|3,302,534|
|||ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||4,349,898|**4,349,898**|4,299,759|
|||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 7 to 13 form part of these financial statements.** 

**- 5 -** 



Vendquot IAmited
ststement of ￿nall¢￿al Position
30 Julle 2021
2AJ21
TAngible fixed assets
Current assets
Debtors
C&sh at bank and in hand
16
3.073,IKJ2
4545.454
17
AW776
115,012
116.356
Crediiors: amounts falling dne
wlthln one ye
Net current a&seW(Wtkn)
Total assets less Corre￿ Uabllltks
18 1261224)
(362,051)
1276m6
349*98
(245.695)
4,299.759
FuDd% of the dwRty
Unrestricted funds
4J49098
4,299.759
Totsl ¢harlty funds
19
4.299,759
For the year eDding 30 June 2021 the c1￿]ty was cotitled to ¢xemtrtion from audit und¢r section 477
of the Companie8 Act 2[K￿ rtlating to Small wmpAnies.
Directors, re4X)Dsibi]Aties'
The members have not required the company tt) obtain an audit of its fitiancial statements for the
year in question in accordanc¢ with section 476.
The directors acknowledge their ￿pOnsIbIlitIeS for complying with the requirements of the Act
with respect to accounting rec(*ds and ts EKq>¥Tation of financi￿ statcments.
These fillanci￿ ststements have betD prep2rui in aCclYd￿ wtth Lxo¥isions appli￿le to
cornpanie¥ 5ubjert to the small ￿01PAD]es, regiqr.
These financial Statements We￿ a￿¥0Ved by the IM)8rd of tru8tee8 and authori8ed for i$$ue on
la*.fv.:..i?alld are si8wI on bebalf of the IKMrd by:
Mr M Davi8

**Vendquot Limited** 

**Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 30 June 2021** 

## **1. General information** 

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. The charity meets the definition of a public benefit entity under FRS 102. 

## **Going concern** 

The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, as the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due, based on the net current assets at the balance sheet date. 

The charity's main activity is grant making. The charity has modest overheads and the trustees have the ability to exercise control over the charity's grant making charitable activities and to call on support from benefactors, such that the trustees believe the charity will continue as a going concern, even during the ongoing Covid-19 pandemic. 

## **Judgements and key sources of estimation uncertainty** 

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. 

The trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below. 

**- 7 -** 



**Vendquot Limited** 

**Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2021** 

**3. Accounting policies** _**(continued)**_ 

## **Judgements and key sources of estimation uncertainty** _**(continued)**_ 

## **Investment properties** 

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. 

Subsequent to initial recognition - 

(i) Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the income and expenditure account in the period that they arise; and (ii) No depreciation is provided in respect of investment properties applying the fair value model. 

Investment property fair value is determined by the trustees based on professional valuations, their understanding of property market conditions and the specific properties concerned using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. 

## **Acquisitions and disposals of properties** 

Acquisitions and disposals of properties are considered to take place at the legal completion and are included in the financial statements accordingly. 

The trustees use details of the age of trade debtors and the status of any disputes together with external evidence of the credit status of the counterparty in making judgements concerning any need to impair the carrying values. 

## **Taxation** 

The charity is not liable to direct taxation on its income or gains, whether realised or not, as it falls within the various exemptions liable to registered charities. Accordingly, the charity does not recognise any deferred tax liability on property revaluations as no tax would be due in the event of a disposal as the charity would benefit from the relevant exemptions, as it will apply all funds for qualifying charitable purposes. 

## **Fund accounting** 

General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

Restricted funds are funds subject to specific restricted conditions imposed by donors. There are no restricted funds as at the Balance Sheet date. 

Designated funds are funds which have been set aside at the discretion of the trustees for specific purposes. There are no designated funds as at the Balance Sheet date. 

## **Incoming resources** 

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. 

**- 8 -** 



**Vendquot Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2021** 

## **3. Accounting policies** _**(continued)**_ 

## **Incoming resources** _**(continued)**_ 

Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

## **Resources expended** 

Expenditure is charged on an accrual basis and allocated to the appropriate headings in the accounts. 

The majority of costs are directly attributable to specific activities. Costs incurred in respect of the charitable activities include attributable support costs where applicable. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Fixtures and fittings 

- 35% reducing balance 

## **Grants payable** 

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. 

## **Financial instruments** 

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

Debt instruments are subsequently measured at amortised cost. 

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. 

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 

## **4. Limited by guarantee** 

The charity is a Company Limited by Guarantee and has no share capital.  The liability of each Member in the event of winding up is limited to £1. 

**- 9 -** 



## **Vendquot Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2021** 

## **5. Investment income** 

|**5.**|**Investment income**|||||
|---|---|---|---|---|---|
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Income from UK investment properties|149,527|**149,527**|151,105|151,105|
|||৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|
|**6.**|**Investment management costs**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Investment property management costs|30,198|**30,198**|24,402|24,402|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**7.**|**Expenditure on charitable activities by fund type**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Donations Paid|70,150|**70,150**|145,250|145,250|
||Support costs|4,183|**4,183**|4,228|4,228|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄ|
|||74,333|**74,333**|149,478|149,478|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|
|**8.**|**Expenditure on charitable activities by activity type**|||||
||Grant funding|||**Total funds**|Total fund|
|||of activities|Support costs|**2021**|2020|
|||£|£|**£**|£|
||Donations Paid|70,150|4,183|**74,333**|149,478|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|
|**9.**|**Analysis of support costs**|||||
||||Support costs|**Total 2021**|Total 2020|
||||£|**£**|£|
||Governance costs||4,183<br>৶৶৶৶৶৶৶|**4,183**<br>৶৶৶৶৶৶৶|4,228<br>৶৶৶৶৶৶৶|



**- 10 -** 



**Vendquot Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2021** 

## **10. Analysis of grants** 

All donations were made to charities whose objectives are in line with the objectives of the charity. The composition of donations is shown below. 

|All donations were made to charities whose objectives are<br>charity. The composition of donations is shown below.|in line with the objectives of th|
|---|---|
||**2021**|
||**£**|
|The Fort Trust|**6,000**|
|Chevras Mo'Oz Ladol|**7,000**|
|Yeshivo Horomo|**5,000**|
|Friends of Mosdos Torah Veyirah|**10,000**|
|Tomchei Yotzei Anglia|**10,000**|
|Yeshivas Ahavas Torah|**5,000**|
|Other Donations < £5,000|**27,150**|
||ৄৄৄৄৄৄৄৄৄ|
|Total|**70,150**<br>৶৶৶৶৶৶৶৶৶|



## **11. Net gains on investments** 

|**11.**|**Net gains on investments**|||||
|---|---|---|---|---|---|
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2021**|Funds|2020|
|||£|**£**|£|£|
||Net valuation gains on investment|||||
||property|–|**–**|1,020,000|1,020,000|
||Profit on disposal of investment|||||
||property|5,143|**5,143**|–|–|
|||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|
|||5,143|**5,143**|1,020,000|1,020,000|
|||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|
|**12.**|**Net income**|||||
||Net income is stated after charging/(crediting):|||||
|||||**2021**|2020|
|||||**£**|£|
||Depreciation of tangible fixed assets|||**159**|245|
|||||৶৶৶৶|৶৶৶৶|
|**13.**|**Independent examination fees**|||||
|||||**2021**|2020|
|||||**£**|£|
||Fees payable to the independent examiner for:|||||
||Independent examination of the financial statements|||**4,080**<br>৶৶৶৶৶৶৶|4,080<br>৶৶৶৶৶৶৶|



## **14. Staff costs** 

The average head count of employees, including trustees, during the year was 4 (2020: 4). No salaries or wages have been paid to employees during the year. 

**- 11 -** 



## **Vendquot Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2021** 

## **15. Trustee remuneration and expenses** 

No salaries or wages have been paid to the trustees during the year. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity. 

## **16. Tangible fixed assets** 

|**Tangible fixed assets**|||||
|---|---|---|---|---|
|||Long|||
||Freehold|leasehold|Fixtures and||
||properties|properties|fittings|**Total**|
||£|£|£|**£**|
|**Cost**|||||
|At 1 July 2020|4,285,000|260,000|54,281|**4,599,281**|
|Additions|527,707|–|–|**527,707**|
|Disposals|(2,000,000)|–|–|**(2,000,000)**|
|Reclassifications|(175,000)|175,000|–|**–**|
||ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|
|**At 30 June 2021**|2,637,707|435,000|54,281|**3,126,988**|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|
|**Depreciation**|||||
|At 1 July 2020|–|–|53,827|**53,827**|
|Charge for the year|–|–|159|**159**|
||ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|
|**At 30 June 2021**|–|–|53,986|**53,986**|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|
|**Carrying amount**|||||
|**At 30 June 2021**|2,637,707|435,000|295|**3,073,002**|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|
|At 30 June 2020|4,285,000|260,000|454|4,545,454|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|



The charity's investment properties were valued by the trustees at 30 June 2021 based on the trustees' understanding of property market conditions and the specific properties concerned, using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. 

The historical cost of the properties is £1,812,916 (2020: £1,560,310). 

## **17. Debtors** 

|**Debtors**|||
|---|---|---|
||**2021**|2020|
||**£**|£|
|Other debtors|**1,344**<br>৶৶৶৶৶৶৶|1,344<br>৶৶৶৶৶৶৶|



**- 12 -** 



## **Vendquot Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 June 2021** 

## **18. Creditors: amounts falling due within one year** 

Other creditors 

|**2021**|2020|
|---|---|
|**£**|£|
|**263,224**<br>৶৶৶৶৶৶৶৶৶৶|362,051<br>৶৶৶৶৶৶৶৶৶৶|



## **19. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||At|||Gains and|**At**|
||1 July 2020|Income|Expenditure|losses|**30 June 2021**|
||£|£|£|£|**£**|
|General funds|4,299,759|149,527|(104,531)|5,143|**4,349,898**|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|
||At|||Gains and|At|
||1 July 2019|Income|Expenditure|losses|30 June 2020|
||£|£|£|£|£|
|General funds|3,302,534|151,105|(173,880)|1,020,000|4,299,759|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|



## **20. Analysis of net assets between funds** 

|**Analysis of net assets between funds**|||
|---|---|---|
||Unrestricted|**Total Funds**|
||Funds|**2021**|
||£|**£**|
|Tangible fixed assets|3,073,002|**3,073,002**|
|Current assets|1,540,120|**1,540,120**|
|Creditors less than 1 year|(263,224)|**(263,224)**|
||ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net assets**|4,349,898|**4,349,898**|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|
||Unrestricted|Total Funds|
||Funds|2020|
||£|£|
|Tangible fixed assets|4,545,454|4,545,454|
|Current assets|116,356|116,356|
|Creditors less than 1 year|(362,051)|(362,051)|
||ৄৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net assets**|4,299,759|4,299,759|
||৶৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶৶|



## **21. Related parties** 

Included in Other creditors are amounts totalling £250,108 (2020: £250,108) due to certain of the trustees of this charity. 

**- 13 -**