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2023-03-31-accounts
|
|
Page |
| ReportoftheTrustees |
1 |
to 4 |
| ReportoftheIndependentAuditors |
5 |
to7 |
| StatementofFinancial Activities |
|
8 |
| Balance Sheet |
|
9 |
| Cash FlowStatement |
|
10 |
| NotestotheCash FlowStatement |
|
11 |
| NotestotheFinancial Statements |
12 |
to17 |
|
|
2023 |
2022 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
f. |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Donationsandlegacies |
2 |
15,758 |
46,136 |
| Investmentincome |
3 |
588,058 |
591,333 |
| Total |
|
603,816 |
637,469 |
| EXPENDITUREON |
|
|
|
| Raising funds |
|
|
|
| Investmentmanagementcosts |
4 |
89,754 |
50,821 |
|
|
89,754 |
50,821 |
| Charitable activities |
5 |
|
|
| Charitable |
|
234,211 |
401,304 |
| Supportcosts |
|
1,532 |
9,000 |
| Total |
|
325,497 |
461,125 |
| Netgainsoninvestments |
|
51,739 |
|
| NET INCOME |
|
330,058 |
176,344 |
| RECONCILIATIONOFFUNDS |
|
|
|
| Totalfundsbrought forward |
|
16,472,864 |
16,296,520 |
| TOTAL FUNDS CARRIED FORWARD |
|
16,802,922 |
16,472,864 |
|
|
2023 |
2022 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
£ |
£ |
| FIXEDASSETS |
|
|
|
| Investments |
|
|
|
| Investments |
10 |
849,239 |
793,864 |
| Investment property |
11 |
14,280,497 |
13,059,125 |
|
|
15,129,736 |
13,852,989 |
| CURRENTASSETS |
|
|
|
| Debtors |
12 |
1,698,465 |
1,658,198 |
| Cashat bank |
|
2,374,799 |
2,084,497 |
|
|
4,073,264 |
3,742,695 |
| CREDITORS |
|
|
|
| Amounts falling due within one year |
13 |
(2,400,078) |
(1,122,820) |
| NETCURRENTASSETS |
|
1,673,186 |
2,619,875 |
| TOTALASSETSLESSCURRENT LIABILITIES |
|
16,802,922 |
16,472,864 |
| NETASSETS |
|
16,802,922 |
16,472,864 |
| FUNDS |
|
|
|
| Unrestricted funds |
|
16,802,922 |
16,472,864 |
| TOTALFUNDS |
|
16,802,922 |
16,472,864 |
|
|
2023 |
2022 |
|
Notes |
£ |
£ |
| Cash flows from operating activities |
|
|
|
| Cashgeneratedfromoperations |
1 |
1,506,206 |
(64,483) |
| Netcashprovidedby/(usedin)operatingactivities |
|
1,506,206 |
(64,483) |
| Cash flows from investing activities |
|
|
|
| Purchaseoffixedassetinvestments |
|
(3,636) |
(35,309) |
| Purchaseof investment property |
|
(1,221,372) |
(984,248) |
| Interestreceived |
|
9,104 |
787 |
| Netcashusedininvestingactivities |
|
(1,215,904) |
(1,018,770) |
| Change incashand cash equivalents in |
|
|
|
| thereporting period |
|
290,302 |
(1,083,253) |
| Cash andcashequivalentsatthe |
|
|
|
| beginningofthereporting period |
|
2,084,497 |
3,167,750 |
| Cash andcashequivalentsattheendof |
|
|
|
| thereporting period |
|
2,374,799 |
2,084,497 |
|
|
2023 |
2022 |
|
|
£ |
£ |
| Net income for the reporting period (as per the Statement of |
|
|
|
| financial Activities) |
|
330,058 |
176,344 |
| Adjustments for: |
|
|
|
| Losseson investments |
|
(51,739) |
|
| Interest received |
|
(9,104) |
(787) |
| Amounts owed by group undertakings |
|
(14,542) |
(141,239) |
| (Increase)/decreaseindebtors |
|
(25,725) |
121,486 |
| Increase/(decrease)increditors |
|
1,277,258 |
(220,287) |
| Netcashprovided by/(used in) operations |
|
1,506,206 |
(64,483) |
| ANALYSISOFCHANGESINNETFUNDS |
|
|
|
|
At 1.4.22 |
Cashflow |
At 31.3.23 |
|
£ |
£ |
£ |
| Netcash |
|
|
|
| Cashat bank |
2,084,497 |
290,302 |
2,374,799 |
|
2,084,497 |
290,302 |
2,374,799 |
| Total |
2,084,497 |
290,302 |
2,374,799 |
|
2023 |
2022 |
|
£ |
£ |
| Donations |
15,758 |
46,136 |
| INVESTMENTINCOME |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Rentsreceived |
578,954 |
590,546 |
| Deposit account interest |
9,104 |
787 |
|
588,058 |
591,333 |
| INVESTMENTMANAGEMENT COSTS |
|
|
|
2023 |
2022 |
|
£ |
£ |
| General and WaterRates |
10,754 |
3,681 |
| Insurance |
14,228 |
16,011 |
| LightandHeat |
2,853 |
2,036 |
| Repairsand Maintenance |
2,948 |
4,108 |
| Managing AgentsFees |
1,529 |
1,529 |
| Professional fees |
57,442 |
23,456 |
|
89,754 |
50,821 |
| Nameofcharitable organisation |
|
Totaldonation(£) |
| Achisomoch |
|
130,000 |
| BnosBeisYaakov |
|
52,000 |
| CometCharities |
|
12,000 |
| AhavatHesed |
|
10,000 |
| NorthLondonWelfare |
|
10,000 |
| BeisYaakov |
|
6,500 |
| ShaareiOrahLtd |
|
5,000 |
| Others |
|
8,200 |
| Total |
|
233,700 |
| GRANTSPAYABLE |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Charitable |
233,700 |
401,116 |
| Grantspaidtoinstitutions duringtheyearwereasfollows: |
|
|
| ReliefofPovertyandIllness |
|
£140,000 |
| Education |
|
£74,700 |
| AdvancementofJewishReligion |
|
£14,000 |
| Other |
|
£5,000 |
| SUPPORTCOSTS |
|
|
Governance |
|
costs |
|
£ |
| Charitable |
511 |
| Supportcosts |
1,532 |
|
2,043 |
|
|
|
2023 |
2022 |
|
|
Support |
Total |
Total |
|
Charitable |
costs |
activities |
activities |
|
£ |
£ |
£ |
£ |
| Auditfees |
|
3,600 |
3,600 |
3,600 |
| Accountancy |
|
5,400 |
5,400 |
5,400 |
| Bankcharges |
(629) |
306 |
(323) |
225 |
| Sundries |
1,140 |
|
1,140 |
|
| Exchangegains/losses |
|
(7,774) |
(7,774) |
(37) |
|
511 |
1,532 |
2,043 |
9,188 |
|
|
|
-- |
|
|
Sharesin |
|
group |
|
undertakings |
|
£ |
| MARKETVALUE |
|
| At 1 April 2022 |
793,864 |
| Additions |
3,636 |
| Revaluations |
51,739 |
| At31March 2023 |
849,239 |
| NETBOOKVALUE |
|
| At31March 2023 |
849,239 |
| At31March 2022 |
793,864 |
|
|
Sharesin |
|
|
group |
|
|
undertaking |
|
|
£ |
| Valuationin |
2023 |
51,739 |
| Cost |
|
797,500 |
|
|
849,239 |
|
£ |
| FAIRVALUE |
|
| At 1 April 2022 |
13,059,125 |
| Additions |
1,221,372 |
| At31March 2023 |
14,280,497 |
| NETBOOKVALUE |
|
| At31March 2023 |
14,280,497 |
| At31March 2022 |
13,059,125 |
|
2023 |
2022 |
|
£ |
£ |
| Trade debtors |
10,500 |
2,200 |
| Amounts owed by group undertakings |
1,566,956 |
1,552,414 |
| Other debtors |
112,428 |
37,486 |
| Prepayments and accrued income |
8,581 |
66,098 |
|
1,698,465 |
1,658,198 |
| CREDITORS: AMOUNTS FALLINGDUEWITHINONE |
YEAR |
|
|
2023 |
2022 |
|
£ |
£ |
| Trade creditors |
|
6,700 |
| Other creditors |
2,252,645 |
1,099,120 |
| Accruals and deferred income |
147,433 |
17,000 |
|
2,400,078 |
1,122,820 |
| FINANCIAL INSTRUMENTS |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Financial assets measured at amortised cost |
1,698,465 |
1,658,198 |
| Financial liabilities measured at amortised cost |
2,391,078 |
1,113,820 |