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|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|
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|||||||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|
##
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##
|||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|
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|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|
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|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)|
##
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|||||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)|
##
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|||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|
##
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##
|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||
##
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##
|||||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|
##
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||||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|