2022-12-31-accounts

Governors	Governors		Mr P Jay
			Mr D Jay
			Mrl SJay
Charity	number		290568
Company		number	01835501
Principal	address		Foframe House, 2nd Floor
			35-37Brent Street
			London
			NW4 2EF
Registered		office	Foframe House, 2nd Floor
			35-37Brent Street
			London
			NW4 2EF
Auditor			Lopian Gross Barnett &Co
			1st Floor Cloister House
			Riverside,	New Bailey Street
			Manchester
			M3 5FS

			Page
Governors'	report		1-3
Statement	of governors' responsibilities
Independent	auditor's	report	5-7
Statement	offinancial	activities
Balance sheet			9-10
Statement	ofcash flows
Notes to the financial		statements	12-19

				Notes	2022f	2021 f
Income from:
Investments					439,321	434,462
~EII
Charitable activities					186,000	2,591,075
Other					169,633	178,509
Total resources expended					355,633	2,769,584
Net incoming/(outgoing)			resources		83,688	(2,335,122)
Other recognised	gains and losses
Revaluation of property		investments				1,200,000
Net movement in	funds				83,688	(1,135,122)
Fund balances at 1	January		2022		3,115213	4 250335
Fund balances at	31 December 2022				3,198,901	3,115,213

						2022		2021
					Notes	f		f
Fixed assets
Investment	properties				9		5,900,000		5,900,000
Investments					10		1		1
							5,900,001		5,900,001
Current assets
Debtors						63,312		89,991
Cash at bank and		in	hand					62,873
						63,312		152,864
Creditors:	amounts		falling	due within
one year					13	(832,826)		(660,784)
Net current	kabilities						(769,514)		(507,920)
Total assets less		current		liabilities			5,130,487		5,392,081
Creditors:	amounts		falling	due after
more than	one year				14		(1,931,586)		(2,276,868)
Net assets							3,198,901		3,115,213
Income funds
~U
General unrestricted			funds			1,474,751		1,391,063
Revaluabon	reserve					1,724,150		1,724,150
							3,198,901		3,115,213
							3,198,901		3,115,213

				2022		2021
			Notes	f		8
Cash flows from operating		activities
Cash (absorbed by)/generated		from	17
operations					(29,560)		156,554
Investing activities
Rental income received				439,321		434,462
Net cash generated from	investing
activities					439,321		434,462
Financing activities
Repayment of bank loans				(445,537)		(636,380)
Net cash used in financing		activities			(445,537)		(636,380)
Net decrease in cash and	cash equivalents				(35,776)		(45,364)
Cash and cash equivalents	at beginning		ofyear		35,709		81,073
Cash and cash equivalents		at end of	year		(67)		35,709
Relating to:
Cash at bank and in hand							62,873
Bank overdraRs included in	creditors
payable within one year					(67)		(27, 164)

3	Investments
		2022	2021
		6	f
	Rental income	439,321	434,482
4	Grants payable
		Charitable	Charitable
		activities	activities
		2022	2021
		6	f
	Grants to institutions:
	Other	186,000	2,591,075

2022	2021
Number	Number

Total
There	were	no	employees	whose	annual	remuneration	was	more	than	660,000.

			2022	2021
Auditors'	remuneration		4,200	3,600
Auditors'	fees for non-audit	work	2,100	1,800
Interest	on bank loans and	finance costs	162,614	110,897
Other expenditure			719	62,212
			169,633	178,509

Cost or valuation
At 1 January 2022 &31 December 2022
Carrying amount
At 31 December 2022
At 31 December 2021

Debtors
				2022	2021
Amounts	falling due within		one year:	E	E
Amounts	owed by subsidiary		undertakings	1,177	1,177
Other debtors				13,992	40,671
Prepayments		and accrued income		48,143	48,143
				63,312	99,991

12	Loans and overdrafts	Loans and overdrafts	Loans and overdrafts
										2022	2021
										6	6
	Bank overdrafts									67	27,164
	Bank loans									1,966,586	2,412,123
										1,966,653	2,439,287
	Payable	within one	year							35,067	162,419
	Payable	after one year								1,931,586	2,276,868
	Amounts	included above which				fall due aker		five years:
	Payable	by instalments								26,250
	Payable	other than	by	instalments						1,765,336
										1,791,586
	The long-term loans		are secured				on property	investments.
13	Creditors: amounts		falling		due		within one	year
										2022	2021
									Notes	6	F
	Bank loans and overdrafts								12	35,067	162,419
	Amounts	owed to subsidiary			undertakings					1,442	1,442
	Other creditors									781,967	456,082
	Accruals	and deferred		income						14,350	40,841
										832,826	660,784

Credi	tors: amounts falling due after	more than one year
			2022	2021
		Notes	6	6
Bank	loans	12	1,931,586	2,276,868

			Amounts	owed	to	related
				parties
				2022		2021
				E		E
Other	related	parties	781,967			456,082

Details of	the company's	the company's	su	bsidiaries at 31	bsidiaries at 31	December 2022 are as follow	s:	s:
Name of	undertaking			Registered		Nature of business	Class of		'/, Held
				office			shares	held	Direct Indirect
Ashlands	Limited			England	and	Dormant	Ordinary		100
				Wales
Southern	Cross Propco		1	England	and	Dormant	Ordinary		100
Limited				Wales
St Oswalds House		Limited		England	and	Dormant	Ordinary		100
				Wales

Name of	undertaking		Profit/(Loss)	Capital and
				Reserves
				6
Ashlands	Limited			1,002
Southern	Cross Propco	1
Limited				8,986
St Oswalds House Limited				277,100

17	Cash generated from	operations	operations	operations				2022f	2021
	Surplus/(deficit) for the	year						83,688	(2,335,122)
	Adjustments for:
	Investment income recognised		in	statement	offinanmal	activities		(439,321)	(434,462)
	(Gain)/loss on disposal	oftangible		fixed assets					2,940,000
	Movements in working	capital:
	Decrease/(increase) in	debtors						26,679	(5,073)
	Increase/(decrease) in	creditors						299,394	(8,789)
	Cash (absorbed by)/generated			from operations				(29,560)	156,554
18	Analysis of changes	in net (debt)/funds
							At 1 January	Cash flows	At 31 December
							2022		2022
							f	f	f
	Cash at bank and in hand						62,873	(62,873)
	Bank overdrafts						(27,164)	27,097	(67)
							35,709	(35,776)	(67)
	Loans falling due within	one year					(135,255)	100,255	(35,000)
	Loans falling due after	more than		one year			(2,276,868)	345,282	(1,931,586)
							(2,376,414)	409,76'I	(1,966,653)