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|||||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|
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||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|
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||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|
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|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|
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|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|
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|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)|
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|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|Fees|payable|for|the|audit|ofthe|financial|statements|12,800|11,400|
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|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|
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|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|
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|CRE|DITORS: amounts
falling due after|more than one year||
|---|---|---|---|
|||2022|2021|
|Other|creditors|5,154,159|5,154,159|
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|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|
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|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|
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||||||||At||At||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||1|Apr 2021|Cash flows|31Mar|2022|
||||||||s|||s|
|Cash|at|bank|and|in|hand||51,440|(35,156)|16,284||
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