# ## ## ## ## ## ## ## ## |||||PAGES| |---|---|---|---|---| |Trustees'
annual report (incorporating||the director's report)||1to 4| |Independent|auditor's
report to the members|||5 tug| |Consolidated|statement offinancial activities (including||the|| |consolidated|income and expenditure|account)||| |Consolidated|balance sheet|||10| |Charity balance sheet||||| |Consolidated|statement ofcash flows|||12| |Notes to the|financial
statements|||13to 24| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2021||2020|| |---|---|---|---|---|---|---| |||Note|Unrestricted
8|Funds|Unrestricted
I|Funds| |Income and endowments
Donations
and legacies
Investment
income||||70,000
973,084||270,000
877,195| |Total income||||1,043,084||1,147,195| |Expenditure||||||| |Expenditure
on raising funds:
Investment
management
costs
Expenditure
on charitable
activities
Taxation||7
8,9|(372,494)
(183,614)
(287)||(333,736)
(322,225)
(286)|| |Total expenditure||||(556,395)||(656,247)| |Net losses on investments:||||||| |Loss on revaluation
ofinvestment
property||||(206,385)||(]24,250)| |Net income and net movement
funds|in|14||280,304||366,698| |Reconciliation
offunds:
Total funds brought
forward||||17,698,081||17,331,383| |Total funds carried forward||22||17,978,385||17,698,081| ## ||||2021|2020|| |---|---|---|---|---|---| |||Note|||| |FIXED ASSETS
Investments||15|21,828,406||22,034,791| |CURRENT ASSETS
Stock
Debtors
Cash at bank and in hand||16
17
18|3,092,376
125,692
74,324|2,949,119
114,706
97,866|| ||||3,292,392|3,161,691|| |CREDITORS: amounts
one year|falling due within|19|(600,965)|(770,756)|| |NET CURRENT ASSETS|||2,691,427||2,390,935| |TOTAL ASSETSLESS
CURRENT LIABILITIES|||24,519,833||24,425,726| |CREDITORS: amounts
more than one year|falling due after|20|(6,541,448)||(6,727,645)| |NET ASSETS|||17,978 385||17,698,081| |FUNDS OFTHE CHARITY
Unrestricted
funds||22|17,978,385||17,698,081| |Total charity funds|||17,978,385||17,698,081| ## ## ||||2021|2020| |---|---|---|---|---| ||||8|| |FIXEDASSETS
Investments||15|21,836,464|22,040,491| |CURRENT ASSETS||||| |Debtors||17|3,423,229|3,068,026| |Cash at bank and in hand|||6&,890|91,678| ||||3,492,119|3,159,704| |CREDITORS: amounts
within one year|falling due|19|(581,446)|(731,291)| |NET CURRENT LIABILITIES|||2,910,673|2,428,413| |TOTAL ASSETSLESS
LIABILITIES|CURRENT||24,747,137|24,468,904| |CREDITORS: amounts
after more than one year|falling due|20|(6,541,448)|(6,727,645)| |NET ASSETS|||18,205,689|17,741359| |FUNDS OFTHE CHARITY
Unrestricted
funds|||18,205,689|17,741,259| |Total charity funds||22|18,205,689|17,741,259| ## ## ## |FORTH|EYEAR ENDED 31
C|H202||| |---|---|---|---|---| |||Note|2021|2020| ||||8|| |CASH FLOWS FROM OPERATING
Net income|ACTIVITIES||280,304|366,698| |Adjustments
for:
Net losses on investments
Dividends,
interest and rents from investments
Taxation
Accrued expenses/(income)
Payments
for expenditure
on invesnnent
properties
Interest payable
and similar charges|||206,385
(973,084)
287
2,399
77,395
295,099|124,250
(877,195)
5,153
104,688
229,048| |Cash generated
from operations|||(111,215)|(47,358)| |Taxation|||(287)|| |Net cash used in operating
activities|||(111,502)|(47,358)| |CASH FLOWS FROM INVESTING ACTIVITIES
Dividends,
interest
and rents from investments
Purchases ofstock
Purchases ofother investments
Payments
for expenditure
on investment
properties|||979,854
(143257)
(91,079)|884,127
(2 949 119)
(1,767,000)
(104,688)| |Changes
in:
Other debtors
Other creditors|||(14,340)
(196,590)|(23,494)
16,249| |Net cash from investing
activities|||534,588|(3,943,925)| |CASH FLOWS FROM FINANCING
Repayments
ofborrowings
Interest paid|ACTIVITIES||(174,621)
(269,208)|(705,732)
(229,048)| |Net cash generated
/ (used) in financing|activities||(443,1129)|(934,780)| |NET INCREASE /(DECREASE) IN
CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS|CASH AND
AT BEGINNING OFYEAR||(20,743)
95,067|(4,926,063)
5,021,130| |CASH AND CASH EQUIVALENTS|AT END OFYEAR|18|74,324|95,067| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATI|ONS
AND LEGACIES||||| |---|---|---|---|---|---| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2021|Funds|2020| |||||8|| |DONATIONS|||||| |Donations|received|70,000|70,000|270,000|270,000| |INVESTMENT INCOME|||||| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2021|Funds|2020| |Property|revenue|973,084|973,084|877,195|877,195| |||973,084|973,084|877,195|877,195| ## ## |||||Unrestricted|Funds| |---|---|---|---|---|---| |||||2021|2020| |Investment
property
Interest payable
and|||outgoings
similar charges|77,395
295,099|104,688
229,048| |||||372,494|333,736| ## |EXPEN|DITURE ON CHA|RITABLE ACTIVITIES B|YFUND TYP|E|| |---|---|---|---|---|---| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2021|Funds|2020| ||||g||| |Grants
Support|paid
costs|167,420
16,194|167,420
16)194|296,444
25,781|296,444
25,781| |||183,614|183,614|322,225|322,225| |EXPENDIT|URE ON CHARIT|ABLE ACTIVITIES BY|ACTIVITY|TYPE|| |---|---|---|---|---|---| |||Grant|||| |||funding
of|Support|Total Funds|Total Funds| |||activities|costs|2021|2020| |Grants paid
Governance|costs|167,420|16,194|167,420
16,194|296,444
25,781| |||167,420|16,194|183,614|322,225| ## ## ## ## ## ## ## ## ## ## ## |||Shares in|| |---|---|---|---| ||In vest
m ent|group|| |Charity|properties|undertakings|Total| |Fair value
At 1 April 2020
Revaluations|22,034,791
(206,385)|5,700
2,358|22,040,491
(204,027)| |At 31March 2021|21,828 486|8,668|21,836,464| ## |

the basis that the assumptions
upon which they are based may p
Shares in group undertakings|rove to be inaccur|ate.| |---|---|---| |||Percentage of| ||Class ofshare|shares held| |Haneveim
Limited (Company No. 05559067)
Berkeley House Edgware Limited (Company No. 11229015)
65 London Road Limited (Company No. 12246587)|Ordinary
Ordinary
Ordinary|100
100
100| ||||Capital and|reserves|Profit/(loss)|for the year| |---|---|---|---|---|---|---| ||||2021|2020|2021|2020| ||||||8|| |Haneveim|Limited||100|100||| |Berkeley|House Edgware|Limited|10,258|5,532|45,726|39,721| ## ## ## ## ## |follows:|||||| |---|---|---|---|---|---| |||||Berkeley|| |||||House|65 London| ||||Haneveim|Edgw are|Road| ||||Limited|Limited|Limited| |Current
assets
Current liabilities
Non-Current
liabilities|||100|60,545
(50,287)|3,322,863
(18,779)
(3,306,384)| |Net assets/(liabilities)|||100|10,258|(2,300)| ## ## ## ## ## |DEBTORS||||| |---|---|---|---|---| ||Group
2021|2020|Charity
2021|2020| |||||E| |Trade debtors
Amounts
owed by group undertakings
Other debtors|74,056
51,636|57,275
57,431|66,799
3,306,384
50,046|54,271
2,960,355
53,400| ||125,692|114,706|3,423,229|3,068,026| ## |||2021|2020| |---|---|---|---| |Cash
Bank|at bank and in hand
overdrafts|74,324|97,866
(2,799)| |||74324|95 067| ## |||Group||Charity|| |---|---|---|---|---|---| |||2021|2020|2021|2020| |Bank loans and overdrafts
Trade creditors
Accruals and deferred income||226,758
16,570
92,447|217,981
37,199
74,425|226,758
292
89,393|215,182
533
74,611| |Taxation
Other creditors||287
264,903|286
440,865|265,003|440,965| |||600,965|770,756|581,446|731,291| |Other creditors are comprised|as follows;||||| |||Group||Charity|| |||2021|2020|2021|2020| |Loan creditors
Other creditors||221,450
43,453|396,450
44,415|221,450
43,553|396,450
44,515| |||264,903|440,865|265,003|440,965| ## ## ## |CRE|DITO|RS:|amounts
falling due|after more than one ye|ar||| |---|---|---|---|---|---|---|---| |||||Group||Charity|| |||||2021|2020|2021|2020| |Bank|loans|and|overdrafts|6,541,448|6,727,645|6,541,448|6,727,645| ## |DEFERRED IN|COME|| |---|---|---| |||2021| |At 1 April 2020
Amount
released
Amount
deferred|to income
in year|28,284
(28,284)
34,214| |At 31March 2021||34,214| ## ## |Group||At I April
2020|Income
8|Expenditure|Gains and
losses|At 31March
2021| |---|---|---|---|---|---|---| |General|funds|17,698,081|1,043,084|(556,395)|(206,385)|17,978,385| |Charity||At 1April
2020|Income|Expenditure|Gains and
losses|At 31March
2021| |||f.||E||| |General|funds|17,741,259|1,217,571|(549,114)|(204,027)|18,205,689| ## ## ## ## ## |||||Group|Group|Charity|Charity| |---|---|---|---|---|---|---|---| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2021|Funds|2021| |||||8|||| |Investments
Current assets
Creditors
less than
1
Creditors
greater than|||year
1year|21,828,406
3,292,392
(600,965)
(6,541,448)|21,828,406
3,292,392
(600,965)
(6,541)448)|21,836,464
3,492,119
(581,446)
(6,541,448)|21,836,464
3,492,119
(581,446)
(6,541,448)| |Net assets||||17,978,385|17,978,385|18,205,689|18,205,689| ## |The carrying
am|ount fo|r each|category|offinancial
instrument|is as follows|;|| |---|---|---|---|---|---|---|---| |||||Group||Charity|| |||||2021|2020|2021|2020| |Financial assets|measured
at||fair||||| |value through
expenditure|income|and||||8,058|5,700| |Financial assets|that are|debt|||||| |instruments
measured
amortised
cost||at||125,692|114,706|3,423,229|3,068,026| |Financial
liabilities
measured
amortised
cost|||at|7,142,413|7,498,401|7,122,894|7,458,936| ## ## |The total
follows:|futur|e
minimum
lease payment|s
receivable
under|non-cancella|ble
operating
lease are as|ble
operating
lease are as| |---|---|---|---|---|---|---| ||||Group||Charity|| ||||2021|2020|2021|2020| |||||||8| |Not later than||1 year|787,000|696,000|752,000|674,000| |Later than
5 years
Later than|I year and not later than
5 years||931,000
271,000|1,341,000
80,000|2,472,000
11,359,000|2,135,000
9,844,000| ||||1,989,000|2,117,000|14,583,000|12,653,000| ## ## ## ## # ## ## ## |||||2021||2020|| |---|---|---|---|---|---|---|---| |||||Unrestricted|Funds|Unrestricted|Funds| |||||8|8||| |Income and endowments|||||||| |Donations
and legacies|||||111,000||309,661| |Investment
income:|||||||| |Rent and charges receivable
Interest receivable
and similar|||income|923,317
183,254||831,828
45,396|| ||||||1,106,571||877,224| |Total income|||||1,217,571||1,186,885| |Expenditure|||||||| |Expenditure
on raising funds:|||||||| |Investment
management||costs||(370,164)||(332,844)|| |Expenditure
on charitable|activities|||(178,950)||(319,943)|| |Total expenditure|||||(549,114)||(652,787)| |Net losses on investments:|||||||| |Loss on revaluation of|investments|||(204,027)||(118,751)|| ||||||(204,027)||(118,751)| |Net income and net movement|||in funds||464,430||415,347| |Reconciliation offunds:|||||||| |Total funds brought
forward|||||17,741,259||17,325,912| |Total funds carried forward|||||18,205,689||17,741,259|