| Trustees | H Hofbauer |
|---|---|
| R Hofbauer | |
| Secretary | HHofbauer |
| Gharitynumber | 285533 |
| Companynumber | 01650188 |
| PrincipalandRegistered office | 282Finchley Road |
| Hampstead | |
| London | |
| NW3 7AD | |
| Auditors | Gerald Edelman LLP |
| 73 Cornhill | |
| London | |
| EC3V 3QQ | |
| Bankers | Royal Bank of Scotland |
| Piccadilly Circus Branch | |
| 48 Haymarket | |
| London | |
| SWlY4SE | |
| Lloyds Bank | |
| 25 Gresham Street | |
| London | |
| EC2V 7HN |
| Page | |
|---|---|
| GroupTrustees'report | 1-4 |
| Statement of Trustees' responsibilities | 5 |
| lndependentauditor's report | 6-9 |
| Consolidatedstatement of financial activities | 10 |
| Consolidatedbalance sheet | 11 |
| Statementof consolidated cashflows | 12 |
| Notes to the consolidated accounts | 13-27 |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | Ê | s | |
| lncome from: | |||
| lnvestments | 3 | 1,186,0641,143,179 | |
| Total income | 1,186,0641,143,179 | ||
| Expenditureon: | |||
| Raisinqfunds | |||
| Property management costs | 4 | 328,898 | 242j86 |
| Charitableactivities | 5 | 995,003 | 824,540 |
| Total expenditure | 1,323,9011,066,726 | ||
| Net (expenditure)/income before investment returns | (137,8371 | 76,453 | |
| Net gainsoninvestments | l3 | 170,500 | 35,714 |
| Netincome/Netmovementinfunds forthe year | 32,663 | 112,167 | |
| Reconciliationoffunds | |||
| Fundbalancesat1January 2022 | 10,222,59510,110,428 | ||
| Fundbalancesat3lDecember2022 | 23 | 10,255,25810,222,595 |
| Ënoup | G¡osp | Chrrit-I | Ëhrrkt | ||
|---|---|---|---|---|---|
| Htllr | 2øl4 E |
t0¡rt | 3üU € |
fl¡{!r Ê |
|
| Fi[ådrûrt | |||||
| Irri¡Ês1rn6rl1.pfqpôf'lir* lørsetr¡çrds |
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| r¡,û17,t{t | tl,43l,Ðili | l!,?1f.s$t | f1,t4s,03ú | ||
| ç{ffûn{tilü4¡ ütùhrÊ |
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| C¡sf!ûtbârikañdlnh**d | f,t6,û78 | âr1"Ê1$ | !03"is¡ | tsñ.0fit | |
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| il¡{r¡rrcnt¡l¡¡{¡t{ll[þf{lthr} | g$,tgt | {ltt,t¡fsl | 1'ût!.11.lüs$"1û0 | ||
| Tolãlû¡rtilrioüfi.t'ntf[rbllhiiG | 1[,ffi0,?t$ | l¡,1å1"00t | 1¿,à{ll,70t | t¿,t?[,tt0l | |
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| nrlüû.lr | to"tõt¿ãg | t0¡!2,sË | lt,s46"$Eü | t0.t1¡J1t | |
| lnoorn¡lundc | |||||
| Ulrmctrl;atdlun¡¡ G4r¡erdrr¡rÊFtçltdfurdÉ |
¿3 | tü¿t3"¡tp | tû_¡¡l,tFs | tü,!4t,5ûs | 1ü,3î¿,017 |
| tB,¿td¡2Ít | f$,¿il¡,õSi | tô,14$,t0ô | l0,gt¡,õlf |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | € | Ê | Ê | â | |
| Cashflows from operating activities | |||||
| Cash absorbed by operations | 28 | (41,406) | 130,640 | ||
| lnterest paid | (r04,029) | (46,684) | |||
| Netcashoutflowfromoperating | (145,435) | 83,956 | |||
| activities | |||||
| Investing activities | |||||
| Purchase ofinvestmentproperty | (68,106) | (50,000) | |||
| Proceeds of saleofinvestment property | |||||
| Netcash usedin investing activities | (68,106) | (50,000) | |||
| Financingactivities | |||||
| Proceedsofloans | 1,507,658 | 1,224,981 | |||
| Repayment ofbankloans | (970,018) | (1,203,624) | |||
| Netcash generatedfrom/(absorbedby) | |||||
| financing activities | 537,640 | 21,357 | |||
| Netincrease/(decrease)incash and cash | 324,099 | 55,31 3 | |||
| equivalents | |||||
| Cash and cash equivalents at beginning ofyear | 211,279 | 155,966 | |||
| Cash and cashequivalentsatend ofyear | 535,378 | 211,279 |
| Investments | |
|---|---|
| 2022 2021 |
|
| Ê Ê |
|
| Rentalincome lnsurancecostsreimbursed |
1,lS4,0Sl1,112,901 31,286 30,232 |
| I,186,0641,143,179 |
| 4 | Raisingfunds | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Ê | Ê | ||
| Prooertv manaoement costs | |||
| Other costs | 313,295 | 233,613 | |
| Legalandprofessional | 15,603 | 8,573 | |
| 328,898 | 242,186 | ||
| 5 | Gharitableactivities | ||
| 2022 | 2021 | ||
| â | â | ||
| Grantspayable(see note 7) | 964,747 | 789,234 | |
| Governance costs(seenote 6) | 30,256 | 35,306 | |
| 995,003 | 824,540 | ||
| 6 | Governancecosts | ||
| 2022 | 2021 | ||
| t | Ê | ||
| Audit fees | 2l,000 | 21,000 | |
| Accountancyfees | 9,256 | 14,306 | |
| 30,256 | 35,306 |
| 7 | Grants payable | ||
|---|---|---|---|
| 2022r | 2021 â |
||
| Amud Hatzdokoh | 5,930 | 2,760 | |
| AV Trust | 29,500 | 15,000 | |
| BEFORETrust | 34,000 | 19,000 | |
| Beis Aharon | 16,000 | ||
| Beit Hamidrash Abarbanel Ashdod | 57,180 | 264,000 | |
| Beit Midrash & Kollel | 304,000 | 4,000 | |
| Beth MidrashLemor | 7,200 | 2,000 | |
| Beis SorohSchneirerBuilding Fund | 7,500 | 360 | |
| Beth Yosef Zvi | II,000 | 12,200 | |
| CareAllLimited | 3,600 | 12,000 | |
| ChabadlsraeliCTR | 15,308 | 12,000 | |
| Chevras Ezras Nizrochim | 5,000 | 17,200 | |
| Chevras Mo'os Lodol | 46,100 | 42,000 | |
| CMZ Limited | 17,000 | ||
| DushinskyTrust | 5,000 | ||
| Friends of Beis Chinuch Lebonos | 8,180 | 12,000 | |
| FriendsofUnitedHalzalah | 31,000 | ||
| Gesher CharitableTrust | 10,000 | ||
| GGBH | 13,052 | 8,840 | |
| Haskel school | 10,000 | 11,000 | |
| Hasmonean High School | 5,000 | ||
| Kollel Hakol | 12,000 | ||
| Kupas Tzedoko V'chesed | 25,000 | 26,000 | |
| Mercaz HaTorahBelzMachnovka | 1,260 | 10,000 | |
| Mifalei Gevurah | 13,920 | ||
| Nancy Reuben Primary School | 2,490 | 9,590 | |
| One Heart Lev Echod | 18,000 | ||
| Oyster Gemillus | 6,000 | ||
| Royworld Economy | 17,864 | ||
| Shir Chesed Beis | 43,500 | 12,250 | |
| Toldos Aharon | 21,000 | ||
| Torah Vochessed | 101,767 | 171,389 | |
| Yeshivat Chochmat Shlomo | 11,000 | 9,000 | |
| Various others-withindividualvaluebelowf5,000 | 73,316 | 94,987 | |
| 964,747 | l9tl99 |
oftheresults oftheCharitable company Trumros Limited ispresen |
ted below: | |
|---|---|---|
| Total | Total | |
| 2022 | 2021 | |
| Ê | I | |
| Totalincoming resources | I,135,891 | 1,080,074 |
| Costs of generatingfunds | (308,775) | (211,766) |
| Total charitableexpenditure | (964,7471 | (7e1,4e6) |
| Net(expenditure/incomebefore investment returns | (r37,631) | 76,812 |
| Revaluationofinvestmentproperties | 170,500 | 35,714 |
| Gain on saleof investmentproperty | ||
| Net movementinfunds | 32,869 | 112,526 |
| Fund balances atIJanuary2022 | 10,312,517 | 10,199,991 |
| Fund balances at 31 December2022 | 10,345,386 | 10,312,517 |
| Total | Total | |
|---|---|---|
| 2022 € |
2021r | |
| ProfitandLossAccount | ||
| Turnover | 103,802 | 102,173 |
| Administrativeexpenses | (42,022) | (5e,133) |
| lnterestreceivable | 33 | 2 |
| lnterest payable | (10,436) | (6,248) |
| Profìtfor theyearbefore charitable donations | 51,377 | 36,754 |
| Donations paidtoparent undertaking | (51,3771 | (36,7e4)) |
| Retained profit | ||
| AssetsandLiabilities | ||
| Fixed assets | 968,106 | 900,000 |
| Current assets | 33,249 | 46,809 |
| Current liabilities | (887,982) | (7e8,584) |
| Liabilitiesfallingdue after more than oneyear | (r97,1 59) | (232,011) |
| Net Liabilities | (83,786) | (83,786) |
| Representedby: | ||
| Share Capital | t00 | 100 |
| Profitandloss reserves | (83.886) | (83,886) |
| (83,786) | (83,786) |
| , Theregistered office is 282 Finchley Road, Hampstead, London financialstatements. areasfollows: |
NW37AD as extractedfrom i |
tsaudited |
|
|---|---|---|---|
| Total | Total | ||
| 2022 | 2021 | ||
| ProfitandLossAccount | |||
| Administrativeexpenses | (205) | (361) | |
| Lossforthe year | (205) | (361) | |
| Retainedloss | (20s) | (361) | |
| Assets and Liabilities | |||
| Gurrentassets | 547 | 547 | |
| Cunentliabilities | (34,481) | (34,276) | |
| Net Liabilities | (33,934) | (33,729) | |
| Representedby: | |||
| Share Capital | 6,000 | 6,000 | |
| Profitand lossreserves | (33,934) | (39,729) | |
| (33,934) | (33,72e) | ||
| 10 | Net incomeforthe year | 2022 I |
2021 Ê |
| Thisis stated after charging: | |||
| Fees payable tothecompany's auditors for theaudit | |||
| ofthegroup's annual accounts | 2l,000 | 21,000 | |
| Bankinterestpayable | 93,593 | 43,208 |
| 13 | Netgains/(losses)oninvestments | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| € | â | ||||
| Revaluation of investment properties | 170,500 | 35,714 | |||
| 14 | InvestmentProperties | ||||
| Group | Freehold | Leasehold | Total | ||
| Land and | property | ||||
| buildings â |
t | Ê | |||
| CosUvaluation | |||||
| At1January2022 | 9,109,854 | 3,253,481 | 12,363,335 | ||
| Additions | 68,106 | 68,106 | |||
| Revaluation | 390,500 | (220,000) | 170,500 | ||
| At31December2022 | 9,568,460 | 3,033,481 | 12,601,941 | ||
| Depreciationandimpairment | |||||
| At1January2021 and at31 December2021 | |||||
| Carrying amount | |||||
| At31December2022 | 9,568,460 | 3,033,481 | 12,601,941 | ||
| At31December2O2l | 9,109,854 | 3,253,481 | 12,363,335 |
| Gharity | |||
|---|---|---|---|
| Freehold | Leasehold | Total | |
| Land and | property | ||
| buildings â |
Ê | I | |
| GosUvaluation | |||
| At1January2022 | 8,614,854 | 2,848,481 | 11,463,335 |
| Disposals | |||
| Revaluations | 390,500 | (220,000) | 170,500 |
| At31December2022 | 9,005,354 | 2,628,481 | 11,633,835 |
| Depreciationandimpairment | |||
| At1January2022andat31December2022 | |||
| Carrying amount | |||
| At31December2O22 | 9,005,354 | 2,628,48',1 | 11,633,835 |
| At31December2021 | 8,614,854 | 2,848,481 | 11,463,335 |
| 15 | Fixed assetinvestments | Group | Group | Charity | Charity | |
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| Notes | Ê | â | Ê | € | ||
| Atcost | ||||||
| lnvestmentsinsubsidiaries | 28 | 6,100 | 6,100 | |||
| Other investments | 75,600 | 75,600 | 75,600 | 75,600 | ||
| 75,600 | 75,600 | 81,700 | 81,700 |
| l6 | Financialinstruments | Group | Group | Charity | Charity | |
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| â | â | Ê | € | |||
| Carrying amountoffinancialassets | ||||||
| Debt instruments measured at amortised cost | 139,894 | 143,978 | 949,117 | 873,259 | ||
| Equity instruments measured at cost less | ||||||
| impairment | 6,100 | 6,100 | ||||
| 139,894 | 143,978 | 955,217 | 879,359 | |||
| Garryingamountoffinancial liabilities Measured atamortised cost |
2,908,613 | 2,555,579 | 2,838,1l8 | 2,029,925 | ||
| 17 | Debtors | Group | Group | Gharity | Charity | |
| 2022 | 2021 | 2022 | 2021 | |||
| Amountsfallingduewithinone year: | Ê | t | Ê | â | ||
| Trade debtors | 69,655 | 104,259 | 69,656 | 104,259 | ||
| Amounts duefrom subsidiaryundertakings | 809,222 | 729,281 | ||||
| Amounlsdue fromjointventures | 51,265 | 21,569 | 51,265 | 21,569 | ||
| Other debtors | 18,974 | 18,150 | 18,974 | 18,150 | ||
| Prepayments andaccruedincome | 41,177 | 17,606 | 39,165 | 15,468 | ||
| 181,071 | 161,584 988,282888,727 | |||||
| 18 | Loans andoverdrafts | |||||
| Group | Group | Charity | Charity | |||
| 2022I | 2021 â |
2022 Ê |
202', | |||
| Bank overdrafts | ||||||
| Bank loans | 2,793,832 | 2,263,849 | 2,561,322 | 1,996,488 | ||
| Directo/sLoan | 7,658 | 7,658 | ||||
| 2,801,490 | 2,263,849 | 2,568,980 | 1,996,488 | |||
| Payable within oneyear | 139,351 | 165,355 | 111,658 | 130,004 | ||
| Payable after oneyear | 2,654,491 | 2,O98,494 | 2,467,322 | 1,866,484 |
| 19 | Greditors: amountsfallingdue | withinoneyear | ||||
|---|---|---|---|---|---|---|
| Group | Group | Charity | Charity | |||
| 2022 | 2021 | 2022 | 2021 | |||
| Notes | â | € | Ê | â | ||
| Loans and overdrafts | l8 | 147,009 | 165,355 | 1fi,658 | 130,004 | |
| Othertaxationand social security | 24,395 | 33,624 | 23,906 | 32,824 | ||
| Trade creditors | 21,026 | 3,047 | 8,350 | 613 | ||
| Other creditors | 56,777 | 52,010 | 47,547 | 42,781 | ||
| Accrualsanddeferred income | 235,04 | 236,673 | 213,241 | 214,601 | ||
| 484,251490,709 404,702420,823 | ||||||
| 20 | Greditorsl amountsfallingdue | aftermorethan | oneyear | |||
| Group | Group | Gharity | Charity | |||
| 2022 | 2021 | 2022 | 2021 | |||
| Notes | â | Ê | â | â | ||
| Loans andoverdrafts | 18 | 2,654,4812,098,494 | 2,457,3221,866,484 | |||
| 2l | Deferredincome | |||||
| 2022 | 2021 | |||||
| Ê | Ê | |||||
| Rentalandinsurance income | 205,724 | 209,775 | ||||
| 205,724 | 209,775 | |||||
| Defenedincomeis includedinthefinancialstatementsasfollows | ||||||
| Current liabilities | 205,724 | 209,775 | ||||
| 205,724 | 209,775 |
| Movement infunds | |||
|---|---|---|---|
| Balance atI | lncomeExpenditure Revaluations, | TransfersBalance at31 | |
| January | gainsand | December | |
| 2022 Ê |
losses €Êâ |
2022 Êg |
|
| General Funds | 10,222,595 | 1,189,241(1,327,078)170,500 | 10,255,258 |
| Revaluation reserve | |||
| 10,222,595 | 1,189,241(1,327,078)170,500 | 10,255,258 |
| 2022 | 2021 | |
|---|---|---|
| â | t | |
| Within oneyear | 13,500 | 13,500 |
| Betweentwoandfiveyears | 54,000 | 54,000 |
| ln overfive years | 6,750 | 20,250 |
| 74,250 | 87,750 |
| 2022 | 2021 | |
|---|---|---|
| â | Ê | |
| Within oneyear | 892,252 | 708,954 |
| Betweentwoandfiveyears | 2,435,535 | 2,338,8r0 |
| ln overfive years | 1,479,294 | 1,360,508 |
| 4,807,071 | 4,408,272 |
| 27 | Subsidiaries | ||||
|---|---|---|---|---|---|
| Nameofundertakingandcountryof | Natureof business | Classof | %Held | ||
| incorporation or residency | shareholding | Directlndirect | |||
| EmdastatesLimited England and |
Property investment | Ordinary | 100 | ||
| Wales | |||||
| England and JManning Properties |
Dormant company | Ordinary | '100 | ||
| Wales (WestEnd) Limited |
|||||
| 28 | Cash generatedfrom operations | 2022 Ê |
2021 t |
||
| (Deficit/Surplusfor theyear | 32,664 | 112,167 | |||
| Adjustmentsfor: | |||||
| Revaluation of investment properties | (170,500) | (35,714) | |||
| Saleofinvestment property | |||||
| Finance costs | 104,029 | 46,508 | |||
| Loanfeeamortisation | 176 | ||||
| Movementsinworking capital: | |||||
| Decrease(increase)in debtors | (19,488) | 135.723 | |||
| (Decrease/lncreasein creditors | 1l,889 | (128,220) |