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2022-03-31-accounts

				Pages
Trustees' annual report (incorporating		the director's report)		1to 4
Independent auditor's	report to the members			5tog
Statement offinancial	activities (including		income and expenditure
account)
Balance sheet				10
Statement ofcash flows
Notes to the financial	statements			12to 19

	Y	ear ended 3	1March	2022	2022
				2022		2021
				Unrestricted
				funds	Total funds	Total funds
			Nate
Income and endowments
Donations and legacies			5	601,300	601800	1,326,620
Investment income			6	8	8
Tots) income				601,308	601,308	1,326,620
Expenditure Expenditure on charitable	activities		7i8	(617664)	(617,664)	(1,269,110)
Total expenditure				(617,664)	(617,664)	(1,269,110)
Net losses on investments			11	(250,932)	(250,932)	(387,071)
Net expenditure and net	movement	in funds		(267,288)	(267,288)	(329,561)
Reconciliation offunds
Total funds brought forward				650,296	650,296	979,857
Total funds carried forward				383,008	383,008	650,296

		Ridgesave	Ridgesave	Ridgesave	Limited
		Company	Limited by Guarantee
			Balance Sheet
			31March 2022
					2022	2021
		Note
Fixed assets
Investments			15		59320,183		5,571,115
Current assets
Debtors			16	213,000		213,000
Cash at bank	and in hand				16,284	51,440
				229484		264,440
Creditors: amounts		falling due
within one year			17	(12,300)		(31,100)
Net current	assets				216,984		233,340
Total assets	less current liabilities				5,537,167		5,804,455
Creditors: amounts more than one year		falling due after	18		(59154,159)		(5,154,159)
Net assets					383,008		650,296
Funds ofthe Unrestricted	charity funds				383,008		650,296
Totalcharity	funds		19		383,008		650,296

	Ridgesave Limited Company Limited by Guarantee	Ridgesave Limited Company Limited by Guarantee
	Statement ofCash Flows
	Year ended 31March 2022
			2022	2021
Cash flows from operating	activities
Net expenditure			(267,288)	(329,561)
Adjustments for:
Net losses on investments			250,932	387,071
Interest receivable and similar income			(8)
Changes in:
Trade and other creditors			(18,800)	(33,000)
Cash generated from operations			(35,164)	24,510
Net cash (used in)/from operating activities			(35,164)	24,510
Cash flows from investing	activities
Dividends, interest snd rents	from investments
Net cash from investing activities			8
Net (decrease)/increase in	cash and cash	equivalents	(35,156)	24,510
Cash and cash equivalents	at beginning	ofyear	51,440	26,930
Cash and cash equivalents	at end ofyear		16,284	51,440

DONATIO	NS AND LEGAC	IES
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
Donations
Donations	received	601,300	6019300	1,326,620	1,326,620

			Unrestricted	Total	Funds	Unrestricted	Total	Funds
			Funds		2022	Funds		2021
Bank	interest	receivable	8		8

EXPENDIT	URE ON CHAR	ITABLE ACTIVITIE	S BYFUND T	YPE
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
Institutional	grants	604,360	604,360	1,257,045	1,257,045
Support costs		13,304	13,304	12,065	12,065
		617,664	617,664	1,269,110	1,269,110

ANALYSIS OF GRANTS
	Institutional
	grants
Keren Association	150,000
Beis Aharon Trust	132,550
Kolel Belz Machnovkeh	93400
Kollel Mishkon Yakov	70,600
Friends ofMercaz Hatorah Belz Macnivka	48,100
Others (below 530,000)	109,810
	604,360

NET L	OS	SESON I	NVESTMENTS
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022	Funds	2021
					5	5
Deficit	on	revaluation	ofsubsidiaries	(250,932)	(250,932)	(387,071)	(387,071)

								2022	2021
Fees	payable	for	the	audit	ofthe	financial	statements	12,800	11,400

INVESTMENTS
	Shares in
	group
	undertakings
Fair value
At 1 April 2021	5,571,115
Additions
Revaluations	(250,932)
At 31March 2022	5,320,183
Carrying amount At 31March 2022	5,320,183
At 31 March 2021	5,571,115

Britain and register	ed in E	ngland are	as follows:
Company		Company	Registration	Number	Perceatage Shareholding
Bullion Properties	Limited		00767173		100%
Doxit Co.Limited			00612330		100%

subsidiary	undertaking	is as follows:
			Bullion
			Properties	Doxit Co
			Limited	Limited
Turnover			11,424	193,765
Expenditure			(11/74)	(89,495)
Other recognised movements			(27,305)	(178,047)
Donations	paid to parent charity			(150,000)
Retained profit/(loss)		for the year	(27,155)	(223,777)

	The assets, liabilities and were as follows:	funds ofeach subsidiary undertaking	at the end ofthe repo	rting period
			Bullion
			Properties	Doxit Co
			Limited	Limited
	Assets		491,651	5,828,850
	Liabilities		(170,775)	(829,543)
	Capital and reserves		320,876	4,999,307
16.	DEBTORS
			2022	2021
			K
	Other debtors		213,000	213,000
17.	CREDITORS: amounts	falling due within oae year
			2022	2021
	Other creditors		12,300	31,100

CRE	DITORS: amounts falling due after	more than one year
		2022	2021
Other	creditors	5,154,159	5,154,159

ANALYSIS	OF CHAR	ITABLE FUND	S
Unrestricted	funds
		At I April				Gains and At 31March
		2021		Income	Expenditure	losses	2022
General funds		650,296		601,308	(617,664)	(250,932)	383,008
		At I April				Gains and	At 31March
		2020		Income	Expenditure	losses f	2021
General funds		979,857	I	326620	(I 269 110)	(387,071)	650,296

ANALYSIS OF NET ASSETSBETWEEN FU	NDS
	Unrestricted	Total Funds
	Funds	2022
Investments	5,320,183	5,320,183
Current assets	229,284	229,284
Creditors less than I year	(12,300)	(12)300)
Creditors greater than I year	(5,154,159)	(5,154,159)
Net assets	383,008	383,008
	Unrestncted	Total Funds
	Funds	2021
Investments	5,571,115	5,571,115
Current assets	264,440	264,440
Creditors less than I year	(31,100)	(31,100)
Creditors greater than I year	(5,154,159)	(5,154,159)
Net assets	650,296	650,296

							At		At
						1	Apr 2021	Cash flows	31Mar	2022
							s			s
Cash	at	bank	and	in	hand		51,440	(35,156)	16,284