| Trustees' annual report (incorporating |
Trustees' annual report (incorporating |
the director's report) | the director's report) | 1to 4 |
|---|---|---|---|---|
| Independent | auditor's report to the members |
5to 8 | ||
| 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 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | Unrestricted | Funds | ||||||
| Note | |||||||||
| Income and endowments | |||||||||
| Donations and legacies |
70,000 | ||||||||
| Investment | income | 997,260 | 973,084 | ||||||
| Total income | 997,260 | 1,043,084 | |||||||
| Expenditure | |||||||||
| Expenditure | on raising funds: | ||||||||
| Investment | management | costs | 7 | (381,399) | (372,494) | ||||
| Expenditure | on charitable | activities | 8,9 | (184,116) | (183,614) | ||||
| Taxation | (287) | ||||||||
| Total expenditure | (565,515) | (556,395) | |||||||
| Net losses on investments: | |||||||||
| Loss on revaluation | ofinvestment | ||||||||
| property | (206,385) | ||||||||
| Net income | and net | movement | in | ||||||
| funds | 14 | 431,745 | 280,304 | ||||||
| Reconciliation offunds: |
|||||||||
| Total funds | brought | forward | 17,978,385 | 17,698,081 | |||||
| Total funds | carried | forward | 22 | 18,410,130 | 17,978,385 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS | |||||
| investments | 15 | 21,828,406 | 21,828,406 | ||
| CURRENT ASSETS | |||||
| Stock | 16 | 3,]65,849 | 3,092,376 | ||
| Debtors | 17 | 112,649 | 125,692 | ||
| Cash at bank and in hand | 18 | 7],479 | 74,324 | ||
| 3,349,977 | 3,292,392 | ||||
| CREDITORS: amounts | falling due within | ||||
| one year | 19 | (474,907) | (600,965) | ||
| NET CURRENT ASSETS | 2,875,070 | 2,691,427 | |||
| TOTAL ASSETSLESS | |||||
| CURRENT LIABILITIES | 24,703,476 | 24,519,833 | |||
| CREDITORS: amounts | falling due atter | ||||
| more than one year | 20 | (6,293,346) | (6,541,448) | ||
| NET ASSETS | 18,410,130 | 17,978,385 | |||
| FUNDS OFTHE CHARITY | |||||
| Unrestricted funds |
22 | 18,410,130 | 17,978,385 | ||
| Total charity funds | 18,410,130 | 17,978,385 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Investments | 15 | 21,849,247 | 21,836,464 | |||
| CURRENT ASSETS | ||||||
| Debtors | 17 | 3,700,503 | 3,423,229 | |||
| Cash at bank and in hand | 44,008 | 68,890 | ||||
| 3,744,511 | 3,492,119 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year |
19 | (462,169) | (581,446) | |||
| NET CURRENT ASSETS | 3,282,342 | 2,910,673 | ||||
| TOTAL ASSETSLESS | CURRENT | |||||
| LIABILITIES | 25,131,589 | 24,747,137 | ||||
| CREDITORS: amounts | falling due | |||||
| after more than one year | 20 | (6,541,448) | ||||
| NET ASSETS | 18,838,243 | 18,205,689 | ||||
| FUNDS OF THE CHARITY | ||||||
| Unrestricted funds |
18,838,243 | 18,205,689 | ||||
| Total charity funds | 22 | 18,838,243 | 18,205,689 |
| Note | 2022 | 2021 | ||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING | ACTIVITIES | |||
| Net income | 431,745 | 280,304 | ||
| Adjustments for: |
||||
| Net losses on investments | 206,385 | |||
| Dividends, interest and rents from investments |
(997,260) | (973,084) | ||
| Taxation | 287 | |||
| Accrued expenses/(income) | 2,401 | 2,399 | ||
| Payments for expenditure on investment |
properties | 100,303 | 77,395 | |
| Interest payable and similar charges |
281,096 | 295,099 | ||
| Cash generated from operations |
(181,715) | (111,215) | ||
| Taxation | (287) | |||
| Net cash used in operating activities |
(]81,715) | (111,502) | ||
| CASH FLOWS FROM INVESTING | ACTIVITIES | |||
| Dividends, interest and rents from investments |
1,004,957 | 979,854 | ||
| Purchases ofstock | (73,473) | (143,257) | ||
| Payments for expenditure on investment |
properties | (101,249) | (91,079) | |
| Changes in: | ||||
| Other debtors | 639 | (14,340) | ||
| Other creditors | (156,594) | (196,590) | ||
| Net cash from investing activities |
674,280 | 534,588 | ||
| CASH FLOWS FROM FINANCING | ACTIVITIES | |||
| Repayments ofborrowings |
(235,888) | (174,621) | ||
| Interest paid | (259,522) | (269,208) | ||
| Net cash generated / (used) in financing |
activities | (495,4101 | 643,8291 | |
| NET INCREASE /(DECREASE) IN | CASH AND | |||
| CASH EQUIVALENTS | (2,845) | (20,743) | ||
| CASH AND CASH EQUIVALENTS | AT BEGINNING OF YEAR | 74,324 | 95,067 | |
| CASH AND CASH EQUIVALENTS | AT END OF YEAR | 18 | 71,479 | 74,324 |
| DONATI | ONS AND LEGACIES |
||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| f | 8 | ||||
| DONATIONS | |||||
| Donations | received | 70,000 | 70,000 | ||
| INVESTMENT INCOME | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| Property | revenue | 997,260 | 997,260 | 973,084 | 973,084 |
| 997,260 | 997,260 | 973,084 | 973,084 |
| Unrestricted | Funds | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Investment | property | outgoings | 100,303 | 77,395 | |
| Interest payable | and | similar charges | 281,096 | 295,099 | |
| 381 399 | 372 494 |
| EXPEN | DITURE ON CHA | RITABLE ACTIVITIES B | Y FUND TYP | E | |
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| Grants | paid | 167,018 | 167,018 | 167,420 | 167,420 |
| Support | costs | 17,098 | 17,098 | 16,194 | 16,194 |
| 184,116 | 184,116 | l83,614 | 183,614 |
| EXPENDIT | URE ON CHARIT | ABLE ACTIVITIES BY Grant |
ACTIVITY | TYPE | |
|---|---|---|---|---|---|
| funding of | Support | Total Funds | Total Funds | ||
| activities | costs | 2022 | 2021 | ||
| 8 | |||||
| Grants paid | 167,018 | 167,018 | 167,420 | ||
| Governance | costs | 17,098 | 17,098 | 16,194 | |
| 167,018 | 17,098 | 184,116 | 183,614 |
| INVESTMENTS | |
|---|---|
| Investment | |
| Group | properties |
| Fair value | |
| At 1 April 2021 |
21,828,406 |
| Revaluations | |
| At 31March 2022 | 21,828,406 |
| Shares in | |||
|---|---|---|---|
| Investment | gl'oup | ||
| Charity | properties | undertakings | Total |
| Fair value | |||
| At 1 April 2021 | 21,828,406 | 8,058 | 21,836,464 |
| Revaluations | 12,783 | 12,783 | |
| At 31March 2022 | 21,828,406 | 20,841 | 21,849,247 |
| Shares in group undertakings | ||
|---|---|---|
| Percentage of | ||
| Class ofshare | shares held | |
| Haneveim Limited (Company No. 05559067) |
Ordinary | 100 |
| Berkeley House Edgware Limited (Company No. 11229015) | Ordinary | 100 |
| 65 London Road Limited (Company No. 12246587) | Ordinary | 100 |
| The results for subsidiaries and other u |
ndertakings are a |
s follows: | ||
|---|---|---|---|---|
| Capital and | reserves | Profit/(loss) | for the year | |
| 2022 | 2021 | 2022 | 2021 | |
| Haneveim Limited |
100 | 100 | ||
| Berkeley House Edgware Limited | 26,171 | 10,258 | 22,913 | 45,726 |
| 65 London Road Limited | (5,430) | (2,300) | (3,130) | (2,400) |
| Berkeley | |||||
|---|---|---|---|---|---|
| House | 65 London | ||||
| Haneveim | Edgware | Road | |||
| Limited | Limited | Limited | |||
| Current | assets | 100 | 78,390 | 3,598,078 | |
| Current | liabilities | (52,219) | (10,066) | ||
| Non-Current | liabilities | (3,593,442) | |||
| Net assets/(liabilities) | 100 | 26,171 | (5,430) |
| Group | Charity | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| g | E | ||||
| Trade debtors | 72,618 | 74,056 | 69,419 | 66,799 | |
| Amounts | owed by group undertakings | 3,593,442 | 3,306,384 | ||
| Other debtors | 40,03 1 | 51,636 | 37,642 | 50,046 | |
| 112,649 | 125,692 | 3,700,503 | 3,423,229 | ||
| ANALY | SIS OF CASH AND CASH | EQUIVALENTS | |||
| 2022 | 2021 | ||||
| Cash at | bank and in hand | 71,479 | 74,324 | ||
| 71,479 | 74,324 |
| Group | Charity | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| g | ||||||
| Bank loans and overdratts | 238,972 | 226,758 | 238,972 | 226,758 | ||
| Trade creditors | 10,254 | 16,570 | 2,870 | 292 | ||
| Accruals and deferred | income | 110,769 | 92,447 | 105,315 | 89,393 | |
| Taxation | 287 | |||||
| Other creditors | l 14,912 | 264,903 | 115,012 | 265,003 | ||
| 474,907 | 600,965 | 462,169 | 581,446 | |||
| Other creditors are comprised | as follows: | |||||
| Group | Charity | |||||
| 2022 | 2021 | 2022 | 2021 | |||
| Loan creditors | 71,450 | 221,450 | 71,450 | 221,450 | ||
| Other creditors | 43,462 | 43,453 | 43,562 | 43,553 | ||
| 114,912 | 264,903 | 115,012 | 265,003 |
| CRE | DITO | RS: | amounts falling du |
e after more than one ye | ar | ||
|---|---|---|---|---|---|---|---|
| Group | Charity | ||||||
| 2022 | 2021 | 2022 | 2021 | ||||
| Bank | loans | and | overdrafts | 6,293,346 | 6,541,448 | 6,293,346 | 6,541,448 |
| Group | Group | Charity | Charity | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||||||
| At 1 April 2021 |
32,868 | 26,098 | 34,214 | 28,284 | |||||
| Amount | released | to income | (32,868) | (26,098) | (34,214) | (28,284) | |||
| Amount | deferred | in year | 40,565 | 32,868 | 41,911 | 34,214 | |||
| At 31 March | 2022 | 40,565 | 32,868 | 41,911 | 34,214 | ||||
| Deferred | income | arises from | rents received | in advance. | |||||
| ANALY | SIS OF | CHARITABLE FUNDS | |||||||
| Unrestric | ted | Funds | |||||||
| At 1 April | Gains and | At | 31March | ||||||
| Group | 2021 | Income | Expenditure | losses | 2022 | ||||
| General | funds | 17,978,385 | 997,260 | (565,515) | 18,410,130 | ||||
| At 1 April | Gains and | At | 31March | ||||||
| Charity | 2021 | Income | Expenditure | losses | 2022 | ||||
| General | funds | 18,205,689 | 1,167,722 | (547,951) | 12,783 | 18,838,243 |
| Group | Group | Charity | Charity | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2022 | ||||
| Investments | 21,828,406 | 21,828,406 | 21,849,247 | 21,849,247 | |||
| Current | assets | 3,349,977 | 3,349,977 | 3,744,511 | 3,744,511 | ||
| Creditors | less than | 1 | year | (474,907) | (474,907) | (462,169) | (462,169) |
| Creditors | greater than | 1 year | (6,293,346) | (6,293,346) | (6,293,346) | (6,293,346) | |
| Net assets | 18,410,130 | 18,410,130 | 18,838,243 | 18,838,243 |
| Group | Charity | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||||||
| Financial | assets | measured | at | fair | ||||||
| value through | income | and | ||||||||
| expenditure | 20,841 | 8,058 | ||||||||
| Financial | assets | that | are | debt | ||||||
| instruments measured |
at | |||||||||
| amortised | cost | 112,649 | 125,692 | 3,700,503 | 3,423,229 | |||||
| Financial | liabilities | measured | at | |||||||
| amortised | cost | 6,768,253 | 7,142,413 | 6,755,515 | 7,122,894 |
| 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 | |||||
| 2022 | 2021 | 2022 | 2021 | |||
| Not later than | 1 year | 789,000 | 787,000 | 754,000 | 752,000 | |
| Later than | 1 year and not later than | |||||
| 5 years | 375,000 | 931,000 | 2,526,000 | 2,472,000 | ||
| Later than | 5 years | 229,000 | 271,000 | 9,781,000 | 11,359,000 | |
| 1,393,000 | 1,989,000 | 13,061,000 | 14,583,000 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Funds | Unrestricted | Funds | |||
| Income and endowments | ||||||
| Donations and legacies |
7,000 | I I1,000 | ||||
| Investment income: |
||||||
| Rent and charges receivable | 959,913 | 923,317 | ||||
| Interest receivable and similar |
income | 200,809 | 183,254 | |||
| 1,160,722 | I,106,57I | |||||
| Total income | 1,167,722 | 1,217,571 | ||||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Investment management |
costs | (369,227) | (370,164) | |||
| Expenditure on charitable activities |
(178,724) | (I78,950) | ||||
| Total expenditure | (547,951) | (549,114) | ||||
| Net losses on investments: | ||||||
| Gain/(Loss) on revaluation |
of | investments | 12,783 | (204,027) | ||
| 12,783 | (204,027) | |||||
| Net income and net movement | in funds | 632,554 | 464,430 | |||
| Reconciliation offunds: | ||||||
| Total funds brought forward |
18,205,689 | 17,741,259 | ||||
| Total funds carried forward | 18,838,243 | I8,205,689 |