## ## ||||||PAGE| |---|---|---|---|---|---| |Trustees'|annual report|(incorporating|the director's report)||| |Independent
auditor's||report to the members|||| |Statement|of financial|activities (including||income and expenditure|| |account)|||||| |Statement|of financial|position|||12| |Statement|ofcash flows||||| |Notes to|the financial|statements|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |YEAR ENDED|31 DECE|MBER 2021|MBER 2021|| |---|---|---|---|---| |||2021||2020| |||Unrestricted||| |||funds|Total fuads|Total funds| ||Note||f.|8| |INCOME AND ENDOWMENTS
Investment
income|5|3,092,177|3,092,177|4,991,112| |TOTAL INCOME||3,092,177|3,092, 177|4991 112| |EXPENDITURE||||| |Expenditure
on raising funds;
Investment
management
costs
Expenditure
on charitable
activities|6
7,8|(I 367 013)
(1,486,274)|(I 367013)
(1,486,274)|(1,212,516)
(2,583,616)| |TOTAL EXPENDITURE||(2,053,207)|(2,1153,207)|(3,796,132)| |Net gains/(losses)
on investments|10|5,696,834|5,696,834|(463,560)| |NXT INCOMX 4NN NXT MOVXMXNT)N|TCNes|5935 724|5 935 724|731,420| |RECONCILIATION
OFFUNDS
Total funds brought forward||58,434,656|58,434,656|57,703,236| |TOTAL FUNDS CARRIED FORWARD||64,370,380|64,370,380|58,434,656| ## ## ## ||31DECEMB|ER 20|21|| |---|---|---|---|---| ||||2021|2020| |||Note|K|| |FIXEDASSETS
Tangible fixed assets
Investments||13
14|29,412
76,525,945|39,216
67,177,752| ||||76,555,357|67,216,968| |CURRENT ASSETS
Debtors
Investments
Cash at bank snd in hand||15
16|863,957
1,085,762
92,049|1,014,069
1,091,873
3,230,852| ||||2,041,768|5,336,794| |CREDITORS: amounts
year|falling due within one|17|(226,745)|(119,106)| |NET CURRENT ASSETS|||I 815023|5 217 688| |TOTAL ASSETS LESS|CURRENT LIABILITIES||78,370,380|72,434,656| |CREDITORS: amounts
than one year|falling due after more|18|(14,000,000)|(14,000,000)| |NET ASSETS|||64370360|56434656| |FUNDS OFTHE CHARITY
Unrestricted
funds|||64,370,380|58,434,656| |TOTAL CHARITY FUNDS||19|64,370,300|56,434,656| ## ## |CHALFORDS LIMITED
COMPANY LIMITED BYGUARANTEE
STATEMENT OF CASH FLOWS
YEARENDED 31DECEMBER2021||| |---|---|---| ||2021|2020| |CASH FLOWS FROM OPERATING ACTIVITIES
Net income|5,935,724|731,420| |Ajdustments for:
Depreciation oftangible fixed assets
Net gains/(losses)
on investments
Dividends,
interest and rents from investments
Interest payable
and similar charges
Accrued expenses|9,804
(5,694,940)
(2,221,030)
487,355|13,072
463,560
(4,287,401)
524,709
13,731| |Changes in:
Trade and other debtors||11,000| |Cash generated
from operations|(1,483,087)|(2,529,909)| |Interest received|(1,383)|(14,208)| |Net cash used in operating
activities|(1,4114,470)|(2,544,117)| |CASH FLOWS FROM INVESTING ACTIVITIES
Dividends,
interest and rents from investments
Purchases ofother investments
Proceeds from sale ofother investments
Change in trade and other debtors
Change
in trade and other creditors|2,228,524
(3,774,724)
121,471
125,316
132,435|4,301,609
(1,378,572)
1,313,440
(22,844)
(51,300)| |Net cash (used in)/from
investing
activities|(1.166,970)|4,162,333| |CASH FLOWS FROM FINANCING ACTIVITIES
Interest paid|(487,355)|(524,709)| |Net cash used in financing
activities|(407,355)|(524,709)| |NET (DECREASE)/INCREASE
IN CASH AND CASH
EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR|(3,138,803)
3,230,852|1,093,507
2,137,345| |CASH AND CASH EQUIVALENTS AT END OFYEAR|92,049|3.230,052| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Total Funds|Unrestncted|Total Funds| |---|---|---|---|---|---|---| ||||Funds|2021|Funds|2020| |Income
Income
Interest|from investment
properties
from other investments
receivable||3,011,835
47,557
32,785|3,011,835
47,557
32,785|3,481,671
1,455,376
54,065|3,481,671
1,455,376
54,065| ||||3,092,177|3,892, 177|4,991,112|4,991,112| ## ## |NVESTMENT MANAGEM|ENT
C|OSTS|||| |---|---|---|---|---|---| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2021|Funds|2020| |Repairs & maintenance
Management
&letting fees
Mortgage
interest and finance
Other investment
management|costs
costs|243,025
269,477
487,355
367,156|243,025
269,477
487,355
367,156|203,740
256,493
524,709
227,574|203,740
256,493
524,709
227,574| |||1,367,013|1,367,013|1,212,516|1,212,516| ## |||Unrestricted|Total Funds|Unrestricted|Total Funds| |---|---|---|---|---|---| |||Funds|2021|Funds|2020| |Donations
paid
Support costs||1,364,881
121,393|1,364,881
121,393|2,491,444
92,172|2 491 444
92,172| |||1,486,274|1,486274|2,583,616|2,583,616| ## ## |YEA
DONATIONS PAID|R ENDED|31 DECE|MBE|R2021||| |---|---|---|---|---|---|---| |||Grant||||| |||funding of
activities|Support costs||Total funds
2021|Total fund
2020| |Donations
paid
Governance
costs||1,364,881||43,942
77,451|1,408,823
77,451|2,510,616
73,000| |||1,364,881||121,393|1,486,274|2,383,616| |Included
in donations
paid are|grants made|to the following||institutions:||| |LPW Limited
Tchabe Kollel Limited
Start Upright
Rise and shine
Vishnitz Girls School Limited
Care All Limited
Friends ofWiznitz
College For Higher Rabbinical
Studies
Congregation
Sharei Sholom Tchabe
Chasdei Sholom Trust
Community
Concern London
Shaarei Orah
Edupoorltd
Support the Charity Worker
North London Welfare
Better World Charity|||||464,896
86,000
86,000
80,000
72,000
58,000
50,000
36,000
36,000
36,000
33,150
30,250
30,000
30,000
26,000
23,500|| |Less than f20,000|||||187,085|| |Total|||||1,364,881|| |Analysis ofGrants to Institutions:||||||| |Advancement
ofthe Jewish Religion
Advancement
ofEducation
Relief ofPoverty
Grants to other grant making
charities
Other general charitable
purposes|||||731,776
416,207
113,750
40,210
62,938|| |Total|||||1,366,881|| ## ## ## |9.|ANALYSIS OF SUPPORT|COSTS||||| |---|---|---|---|---|---|---| |||||Donations||| |||||paid|Total 2021|Total 2020| ||General office
Governance
costs|||43,942
77,451|43,942
77,451|19,172
73,000| |||||121,393|121,393|92,172| |10.|NET GAINS/(LOSSES) ON|INVESTMENTS||||| |||Unrestricted||Total Funds|Unrestricted|Total Funds| ||||Funds|2021|Funds|2020| ||Gains/(losses)
on disposal of
investment
property||121,471|121,754|171,564|171,564| ||Gains/(losses)
on revaluation of
investment
property
Gains/(losses)
on listed investments||5,358,283|5,358,283|(3,142)|(3,142)| ||Gains/(losses)
on investments
undertakings|in group|||(3,863)|(3,863)| ||Gains/(losses)
on other investment
assets||217,080|217,080|(628,119)|(628,119)| ||||5,696,834|5,694,834|(463,560)|(463,560)| |11.|NET INCOME|||||| ||Net income is stated after charging/(crediting):||||2021|2020| ||Depreciation of tangible fixed assets
Fees payable for the audit ofthe financial||statements||9,804
25,201|13,072
24,700| ## ## ## ## ## |13.|YEAR
TANGIBLE FIXEDASSETS|ENDED 31DECE|MBER2021||| |---|---|---|---|---|---| ||||Fixtures and||| ||||fittings|Equipment|Total| ||Cost
At 1January 2021and 31December 2021||305,817|25,009|330,826| ||Depreciation
At 1 January 2021
Charge for the year||268,280
9,384|23,330
420|291,610
9,804| ||At 31 December 2021||277,664|23,750|301,414| ||Carrying
amount
At 31December 2021||28,153|1,259|29,412| ||At 31 December 2020||37,537|1,679|39,216| |14.|INVESTMENTS||||| ||||Shares in||| |||Investment
properties|group
undertakings|Other
investments|Total| ||Cost or valuation
At 1 January 2021
Additions
Fair value movements|65,637,569
609,724
5,358,282|2,$29|1,537,354
3,165,000
215,187|67,177,752
3,774,724
5,573,469| ||At 31December 2021|71,605,575|2,829|4,917,541|76.525,945| ||Carrying
amount
At31 December 2021|71,695,575|2,829|4,917,541|76,525,945| ||At 31December 2020|65,637,569|2,$29|1,537,354|67,177,752| ## ## ## ## |15.|
have
not been consolidated
into the accounts of Cha
immaterial.
DEBTORS|lfords
Limited
as they
are d|eemed
to be| |---|---|---|---| |||2021|2020| ||Trade debtors
Amounts
owed by group undertakings
Prepayments
and accrued income
Other debtors|142,089
2,900
171,022
547,946|215,757
219,507
578,805| |||863,933|1,014,069| |16.|INVESTMENTS||| |||2021|2020| ||Unlisted
investments|1,085,762|1,091,873| |||1,085,762|1,091,873| ## ## ## ## ## ## |CREDITORS: amounts
falling due within one ye|ar|| |---|---|---| ||2021|2020| |Trade creditors
Accruals and deferred income|36,556
36,689|70,786
48,320| |Other creditors|153,500|| ||226,745|119,106| ## |CRE|DITO|RS:|amounts
falling due after mor|e than one year|| |---|---|---|---|---|---| |||||2021|2020| |Bank|loans|and|overdraiis|14,000,000|14,1100,11011| ## |ANALYSIS
Unrestricted|OF CHA
funds|RITABLE FUND|S|||| |---|---|---|---|---|---|---| |||At||||At| |||1 January
2021|Income|Expend)tore|Gains and
losses|31 December
2021| ||||f,|||f.| |General funds||58.434,656|3,092,177|(2,853,287)|5,696,834|64,370,380| |||At||||At| |||1 January
2020|Income|Expenditure|Gains and
losses|31 December
2020| |General funds||57,703,236|4,991,112|(3,796,132)|(463,560)|58,434,656| ## ## |20.|ANALYSIS OFNET ASSET|SBETWE|E|N|FUN|DS||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||Unrestricted|Total Funds|| |||||||||||Funds||2021| ||Tangible fixed assets
Investments
Current assets
Creditors less than
1 year
Creditors greater than
1 year|||||||||29,412
76,525,945
2,041,768
(226,745)
(14,000,000)|29,412
76,525,945
2,041,768
(226,745)
(14,000,000)|| ||Net assets|||||||||64,370,380||64,370,380| |||||||||||Unrestricted|TotalFunds|| |||||||||||Funds||2020| ||Tangible fixed assets
Investments
Current
assets
Creditors
less than
1 year
Creditors
greater than
1 year|||||||||39,216
67,177,752
5,336,794
(119,106)
(14,000,000)||39,216
67,177,752
5,336,794
(119,106)
(14,000,000)| ||Net assets|||||||||58,434,656||58,434,656| |21.|FINANCIAL INSTRUMENTS|||||||||||| ||The carrying
amount for each|category of|financial|||instrument|||is as follows:
2021|||2020| ||Financial assets measured at fair value||through|||income||and|expenditure|||| ||Financial assets measured
at fair value through
expenditure||||income||and|||6,006,132||2,632,056| ||Financial assets that are debt instruments|||measured|||at|amortised||cost||| ||Financial assets that are debt
cost|instruments|measured|||at|amortised|||863,957||989,273| ||Financial liabilities measured
at amortised
cost
Financial
liabilities
measured
at amortised
cost|||||||||14,226,745||14,094,310| |22.|ANALYSIS OF CHANGES|IN NET DEBT||||||||||| |||||||||At||||At| ||||||||1Jan 2021|||Cash flows||31Dec 2021| ||Cash at bank and in hand
Debt due after one year
Current asset investments||||||3,230,852
(14,000,000)
1,091,873
(3,138,803)
(6,111)|||||92,049
(14,000,000)
1,085,762| ||||||||(9,677,275)|||(3,144,914)||(12,822,1119)| ## ## ##