**COMPANY REGISTRATION NUMBER: 1720084**
## **CHARITY REGISTRATION NUMBER: 288978**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee Unaudited Financial Statements 30 September 2020**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Financial Statements**
## **Year ended 30 September 2020**
||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**4**|
|Statement of financial activities (including income and||
|expenditure account)|**6**|
|Statement of financial position|**7**|
|Notes to the financial statements|**9**|
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)**
## **Year ended 30 September 2020**
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2020.
## **Reference and administrative details**
**Registered charity name** ANPRIDE LIMITED **Charity registration number** 288978 **Company registration number** 1720084 **Principal office and registered** 94 Stamford Hill **office** N16 6XS London
**The trustees**
Mr. C Benedikt Mrs G.L. Benedikt **Company secretary** Mrs G L Benedikt **Independent examiner** S.Y.Steinhaus FCA Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
## **Structure, governance and management**
## **Governing document**
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 3rd May 1983.
## **Appointment, Training and Recruitment of Trustees**
The trustees are appointed by the Memorandum and Article of association and provide their services free of charge and are very familiar with all the charitable causes that the charity supports.
New trustees are appointed by existing existing trustees. It is not currently the intention of the charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment and training procedures. Regular meetings are held to review and discuss the charities activities. None of the trustees have any beneficial interest in the charity.
## **Risk management**
The trustees actively review the major risks which the charity faces on a regular basis, in particular those related to the operations and finance of the charity, and have established systems to mitigate any such.
**- 1 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 30 September 2020**
**Structure, governance and management** _**(continued)**_
## **Related party**
Details of transactions with related parties are disclosed in the notes to the financial statements.
## **Objectives and activities**
The object of the charity is the advancement of religion in accordance with the orthodox Jewish faith and the relief of poverty.
## **Public Benefit**
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit, and in particular to its supplementary public benefit guidance on advancing education, when reviewing our aims and objectives and in planning future activities and setting grant making policy for the year.
## **Grant making**
The trustees obtain details of all requests for assistance and ensure that good recommendations are received, and appropriate enquiries made by the trustees, before any payments are made.
## **Achievements and performance**
The charity's main source of income is income from its U.K based investment properties.
## **Financial review**
The charity ensures that it retains sufficient funds to cover immediate anticipated outgoings.
The charity continued to distribute to educational institutions and other charitable causes income from its investment properties to the satisfaction of the trustees.
## **Reserves**
The trustees ensure that no payments are made unless funds are available.
**- 2 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
**Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_
## **Year ended 30 September 2020**
## **Plans for future periods**
The trustees plan to continue to make distributions in accordance with its grant making policy and to ensure that an appropriate level of reserves is maintained.
## **Small company provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 28 June 2021 and signed on behalf of the board of trustees by:
Mr. C Benedikt Trustee
Mrs G L Benedikt Charity Secretary
**- 3 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Independent Examiner's Report to the Trustees of ANPRIDE LIMITED**
## **Year ended 30 September 2020**
I report to the trustees on my examination of the financial statements of ANPRIDE LIMITED ('the charity') for the year ended 30 September 2020.
## **Responsibilities and basis of report**
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
**- 4 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Independent Examiner's Report to the Trustees of ANPRIDE LIMITED** _**(continued)**_
## **Year ended 30 September 2020**
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S.Y.Steinhaus FCA Independent Examiner
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
28 June 2021
**- 5 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 30 September 2020**
|||**2020**|**2020**|2019|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**5**|274,067|**274,067**|322,082|
|Investment income|**6**|81,120|**81,120**|159,005|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total income**||355,187|**355,187**|481,087|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Expenditure**|||||
|Expenditure on charitable activities|**7,8**|135,598|**135,598**|148,479|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total expenditure**||135,598|**135,598**|148,479|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Net income and net movement in funds**||219,589|**219,589**|332,608|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Reconciliation of funds**|||||
|Total funds brought forward||857,664|**857,664**|525,056|
|||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total funds carried forward**||1,077,253
৶৶৶৶৶৶৶৶৶৶৶৶|**1,077,253**
৶৶৶৶৶৶৶৶৶৶৶৶|857,664
৶৶৶৶৶৶৶৶৶|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
**The notes on pages 9 to 17 form part of these financial statements.**
**- 6 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Statement of Financial Position**
## **30 September 2020**
|||**2020**||2019|
|---|---|---|---|---|
||**Note**|**£**|**£**|£|
|**Fixed assets**|||||
|Tangible fixed assets|**14**||**1,557**|1,832|
|Investments|**15**||**1,050,920**|1,050,920|
||||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
||||**1,052,477**|1,052,752|
|**Current assets**|||||
|Debtors|**16**|**108,051**||14,205|
|Cash at bank and in hand||**769,402**||670,429|
|||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ|
|||**877,453**||684,634|
|**Creditors: amounts falling due within one year**|**17**|**431,560**||422,336|
|||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ|
|**Net current assets**|||**445,893**|262,298|
||||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Total assets less current liabilities**|||**1,498,370**|1,315,050|
|**Creditors: amounts falling due after more than**|||||
|**one year**|**18**||**421,117**|457,386|
||||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
|**Net assets**|||**1,077,253**|857,664|
||||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
|**Funds of the charity**|||||
|Unrestricted funds|||**1,077,253**|857,664|
||||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|**Total charity funds**|**19**||**1,077,253**
৶৶৶৶৶৶৶৶৶৶৶৶|857,664
৶৶৶৶৶৶৶৶৶|
For the year ending 30 September 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page.
**The notes on pages 9 to 17 form part of these financial statements.**
**- 7 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Statement of Financial Position** _**(continued)**_
## **30 September 2020**
These financial statements were approved by the board of trustees and authorised for issue on 28 June 2021, and are signed on behalf of the board by:
Mr. C Benedikt Trustee
**The notes on pages 9 to 17 form part of these financial statements.**
**- 8 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements**
## **Year ended 30 September 2020**
## **1. General information**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 94 Stamford Hill, N16 6XS, London.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
**- 9 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 September 2020**
**3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure, includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance cost comprise all costs involving the public accountability of the charity and its compliance with regulation of good practice. The costs include costs related to statutory audit and direct governing costs.
## **Tangible assets**
All fixed assets are initially recorded at cost.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings
- 15% reducing balance
## **Investments**
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
**- 10 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 September 2020**
## **3. Accounting policies** _**(continued)**_
## **Investments** _**(continued)**_
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
## **Investment property**
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
**- 11 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 September 2020**
## **3. Accounting policies** _**(continued)**_
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
## **4. Limited by guarantee**
Anpride Ltd is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
## **5. Donations and legacies**
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2020**|Funds|2019|
||£|**£**|£|£|
|**Donations**|||||
|Donations from individuals|123,967|**123,967**|74,022|74,022|
|Donations from companies|150,100|**150,100**|248,060|248,060|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||274,067|**274,067**|322,082|322,082|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
**- 12 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 September 2020**
## **6. Investment income**
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2020**|Funds|2019|
|||£|**£**|£|£|
||Income from investment properties|80,686|**80,686**|158,878|158,878|
||Bank interest receivable|434|**434**|127|127|
|||ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||81,120|**81,120**|159,005|159,005|
|||৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**7.**|**Expenditure on charitable activities**|**by fund type**||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2020**|Funds|2019|
|||£|**£**|£|£|
||Relief of Poverty|130,249|**130,249**|145,240|145,240|
||Support costs|5,349|**5,349**|3,239|3,239|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||135,598|**135,598**|148,479|148,479|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**8.**|**Expenditure on charitable activities**|**by activity type**||||
|||Activities||||
|||undertaken||**Total funds**|Total fund|
|||directly|Support costs|**2020**|2019|
|||£|£|**£**|£|
||Relief of Poverty|130,249|2,500|**132,749**|145,778|
||Governance costs|–|2,849|**2,849**|2,701|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||130,249|5,349|**135,598**|148,479|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**9.**|**Analysis of support costs**|||||
||||Analysis of|||
||||support costs|||
||||activity 1|**Total 2020**|Total 2019|
||||£|**£**|£|
||Governance costs||2,850|**2,850**|2,700|
||Depreciation charge||275|**275**|334|
||Legal fees||–|**–**|100|
||||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
||||3,125|**3,125**|3,134|
||||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**10.**|**Net income**|||||
||Net income is stated after charging/(crediting):|||||
|||||**2020**|2019|
|||||**£**|£|
||Depreciation of tangible fixed assets|||**275**|334|
|||||৶৶৶৶|৶৶৶৶|
**- 13 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 September 2020**
## **11. Independent examination fees**
||**2020**|2019|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|**2,850**|2,700|
||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
## **12. Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
**2020** 2019 **£** £ The average head count of employees during the year was Nil (2019: Nil). The average number of full-time equivalent employees during the year is analysed as follows: **2020** 2019 **No.** No. Trustees **2** 2 ৶৶৶৶ ৶৶৶৶
The average head count of employees during the year was Nil (2019: Nil). The average number of full-time equivalent employees during the year is analysed as follows:
No employee received employee benefits of more than £60,000 during the year (2019: Nil).
## **13. Trustee remuneration and expenses**
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustee expenses have been incurred
## **14. Tangible fixed assets**
||Fixtures and||
|---|---|---|
||fittings|**Total**|
||£|**£**|
|**Cost**|||
|**At 1 October 2019 and 30 September 2020**|8,159|**8,159**|
||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**Depreciation**|||
|At 1 October 2019|6,327|**6,327**|
|Charge for the year|275|**275**|
||ৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄ|
|**At 30 September 2020**|6,602|**6,602**|
||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|**Carrying amount**|||
|**At 30 September 2020**|1,557|**1,557**|
||৶৶৶৶৶৶৶|৶৶৶৶৶৶৶|
|At 30 September 2019|1,832
৶৶৶৶৶৶৶|1,832
৶৶৶৶৶৶৶|
**- 14 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 September 2020**
## **15. Investments**
||**Investment**|
|---|---|
||**properties**|
||**£**|
|**Cost or valuation**||
|**At 1 October 2019 and 30 September 2020**|**1,050,920**|
||৶৶৶৶৶৶৶৶৶৶৶৶|
|**Impairment**||
|**At 1 October 2019 and 30 September 2020**||
|**Carrying amount**||
|**At 30 September 2020**|**1,050,920**|
||৶৶৶৶৶৶৶৶৶৶৶৶|
|At 30 September 2019|1,050,920|
||৶৶৶৶৶৶৶৶৶৶৶৶|
All investments shown above are held at valuation.
## **Investment properties**
Freehold investment properties are stated at fair value based on valuation by the director on 30th September 2017. The trustees used observable market prices adjusted as necessary for any difference in the future, location or condition of the specific asset. In this regard the charity has taken advantage of exemption available under FRS 102 section 35 (10) (C) & (D) , using fair value of investment properties as its deemed cost, as the directors consider that the policy results in the financial statements giving a true and fair view.
## **16. Debtors**
|||**2020**|2019|
|---|---|---|---|
|||**£**|£|
||Other debtors|**108,051**|14,205|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶|
||The debtors above include the following amounts falling due after more than one year:|||
|||**2020**|2019|
|||**£**|£|
||Other debtors|**11**|65|
|||৶৶৶৶|৶৶৶৶|
|**17.**|**Creditors:** **amounts falling due within one year**|||
|||**2020**|2019|
|||**£**|£|
||Trade creditors|**20,445**|20,379|
||Accruals and deferred income|**21,350**|11,625|
||Tenant deposit account|**–**|567|
||Other creditors|**389,765**|389,765|
|||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|||**431,560**
৶৶৶৶৶৶৶৶৶|422,336
৶৶৶৶৶৶৶৶৶|
The Northfleet loan of £389,765 is an interest free loan repayable on demand.
**- 15 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 September 2020**
**18. Creditors: amounts falling due after more than one year**
Bank loans and overdrafts
|**2020**|2019|
|---|---|
|**£**|£|
|**421,117**
৶৶৶৶৶৶৶৶৶|457,386
৶৶৶৶৶৶৶৶৶|
## **19. Analysis of charitable funds Unrestricted funds**
||**Unrestricted funds**|||||
|---|---|---|---|---|---|
|||At|||**At**|
||1|October 201||**30 Septembe**||
|||9|Income|Expenditure|**r 2020**|
|||£|£|£|**£**|
||General funds|857,664|355,187|(135,598)|**1,077,253**|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
|||At|||At|
||1|October 201||30 September||
|||8|Income|Expenditure|2019|
|||£|£|£|£|
||General funds|525,056|481,087|(148,479)|857,664|
|||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**20.**|**Analysis of net assets between funds**|||||
|||||Unrestricted|**Total Funds**|
|||||Funds|**2020**|
|||||£|**£**|
||Tangible fixed assets|||1,557|**1,557**|
||Investments|||1,050,920|**1,050,920**|
||Current assets|||877,453|**877,453**|
||Creditors less than 1 year|||(431,560)|**(431,560)**|
||Creditors greater than 1 year|||(421,117)|**(421,117)**|
|||||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
||**Net assets**|||1,077,253|**1,077,253**|
|||||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
|||||Unrestricted|Total Funds|
|||||Funds|2019|
|||||£|£|
||Tangible fixed assets|||1,832|1,832|
||Investments|||1,050,920|1,050,920|
||Current assets|||684,634|684,634|
||Creditors less than 1 year|||(422,336)|(422,336)|
||Creditors greater than 1 year|||(457,386)|(457,386)|
|||||ৄৄৄৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄৄৄৄ|
||**Net assets**|||857,664|857,664|
|||||৶৶৶৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶৶৶৶|
**- 16 -**
## **ANPRIDE LIMITED**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 30 September 2020**
## **21. Financial instruments**
The carrying amount for each category of financial instrument is as follows:
||**2020**|2019|
|---|---|---|
||**£**|£|
|**Financial assets that are debt instruments measured at amortised cost**|||
|Other debtors|**108,040**|125,240|
|Cash at Bank and in hand|**769,403**|670,429|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||**877,443**|795,669|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Financial liabilities measured at amortised cost**|||
|Trade creditors|**20,446**|20,379|
|Tenant deposit accounts|**–**|567|
|Accruals|**21,350**|11,625|
|Northfleet Ltd|**389,765**|389,765|
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
||**431,561**|422,336|
||৶৶৶৶৶৶৶৶৶|৶৶৶৶৶৶৶৶৶|
|**Loan commitments measured at cost less impairment**|||
|Metro Bank Loan 10313074|**421,117**
৶৶৶৶৶৶৶৶৶|457,386
৶৶৶৶৶৶৶৶৶|
## **22. Related parties**
Mr C Benedikt, a trustee of Anpride Ltd is also a trustee of Bear Mordechai Ltd, a connected UK based charitable Trust.There were no transactions between the two charities during the year.
**- 17 -**