2021-03-30-accounts - Closehelm Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				2021	2020
				Unrestricted	Total
				fund	funds
			Notes
INCOAIE AND ENDOWMENTS		FROM
Donations and legacies				23,000	93,750
Investment income				192,948	215,028
Total				215,948	308,778
EXPENDITIJRE ON
Raising funds
Investment management	costs			6,745	8,466
				6,745	8,466
Charitable activities
Relief ofPoverty and advancement		ofthe Jewish Faith		93,266	220,724
Total				100,011	229,190
Net gains/(losses) on investments				150,000	(275,000)
NET INCOME/(EXPENDITI JRE)				265,937	(195,412)
RECONCILIATION	OFFIJNDS
Total funds brought forward				2,816,791	3,012,203
TOTAL FUNDS CARRIED FORWARD				3,082,728	2,816.791

		2021	2020
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Investment property	12	3,035,000	2,885,000
CURRENT ASSETS
Debtors		100,164	56,996
Cash at bank		89,711	44,203
		189,875	101,199
CREDITORS
Amounts falling due within one year	14	(142,147)	(169,408)
NET CURRENT ASSETS		47,728	(68,209)
TOTAL ASSETSLESSCURRENT LIABILITIES		3,082,728	2,816,791
NET ASSETS		3,082,728	2,816,791
FUNDS	15
Unrestricted funds		3,082,728	2,816,791
TOTAL FUNDS		3,082,728	2,816,791

	DONATIONS AND L	EGACIE	S
					2021	2020
						f
	Donations and gifts				23,000	93,750
4.	INVESTMENT INCOME
					2021	2020
					f
	Rents received				192,943	215,020
	Deposit account interest				5	8
					192,948	215,028
5.	INVESTMENT MANAGEMENT			COSTS
					2021 f	2020f
	Rates and water				2,611	2,570
	Property repairs and maintenance				1,811	7,851
	Service charges received				(8,333)	(8,540)
	Management and administrative		charges		1,836	1,358
	Insurance				1,249	1,359
	Bank charges				631	950
	Legal and professional	fees			1,055	1,725
	Bad debts				5,885	1,193
					6,745	8,466

					Grant	Grant
					funding	of
					activities		Support
					(see note		costs (see
					7)f		note 8)	Totals
ReliefofPoverty and advancement			ofthe	Jewish
Faith					88,041		5.225	93,266
GRANTS PAYABLE
							2021	2020
ReliefofPoverty and advancement			ofthe	Jewish Faith			88,041	215,149
The total grants	paid to	institutions	during	the year was as follows:
							2021	2020
Beenstock Home							1,320	1,716
Zaks							43,000	87,216
D Sassoon							6,000	6,000
Chanichel Yesivas Jewish Teacher							1,440	1,940
Kolyom Trust								1,050
Beth Avraham	Synagogue						445	325
Bonai Olam								180
MIKVAH								180
Yoch Hull College								2,060
Tahnud Torah	Horay Jehuda							1,350
							52,205	102,017
The total grants	paid to	individuals	during	the year was as follows:
							2021	2020
Grants to individuals							35,836	113,132
SUPPORT COSTS
							Governance
					Finance		costs	Totals
ReliefofPoverty and advancetnent			ofthe	Jewish Faith		750	4,475	5,225
Support costs,	included	in the above, are as follows:
Finance
							2021	2020
							Relief of
							Poverty
							and
							advancement
							ofthe
							Jevdsh	Total
							Faith	activities
								f
Bookkeeping							750	1,030

COMPARATIVES F	OR THE ST	ATEMENT OFFINANCIAL ACTIVITIES
			Unrestricted
			fund
INCOME AND ENDOWMENTS		FROM
Donations and legacies			93,750
Investment income			215,028
Total			308,778
EXPENDITURE ON
Raising funds
Investment management	costs		8,466
			8,466
Charitable actitdties
ReliefofPoverty and advancement		ofthe Jewish Faith	220,724
Total			229,190
Net gains/(losses) on investments			(275,000)
NET INCOME/(EXPENDITURE)			(195,412)
RECONCILIATION	OFFUNDS
Total funds brought forward			3,012/03
TOTAL FI.JNDS CARRIED FORWARD			2.816,791

DEBTORS:AMOUNTS FALLING DIJE WITHIN ONE YEAR
	2021 f	2020f
Trade debtors	85,495	50,592
Other debtors	8,039	4,539
Prepayments and accrued income	6,630	1,865
	100,164	56,996
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
Trade creditors	11,157	640
Social security and other taxes	13,262	12,074
Other creditors	17,851	17,930
Due to associated companies	40,652	67,152
Accruals and deferred income	59,225	71,612
	142,147	169,408

										Net
									At	movement	At
									31.3.20	in funds	30.3.21
Unrestricted		funds
General	fund								2,S16,791	265,937	3,082,728
TOTAL	FLINDS								2,816,791	265,937	3082 728
Net movement		in funds, included			in the above	are	as follows:
								Incoming	Resources	Gauts and	Movement
								resources	expended	losses	in funds
									f
Unrestricted		funds
General	fund							215,948	(100.011)	150,000	265,937
TOTAL	FUNDS							215,948	(100,011)	150,000	265,937
Comparatives		for movement		in	funds
										Net
									At	movement	At
									31.3.19	in funds	30.3.20
Unrestricted		funds
General	fund								3012203	(195,412)	2,816,791
TOTAL	FUNDS								3,012,203	(195,412)	2,816,791
Comparative		net movement	in	funds, included		in the above are		as follows:
								Incoming	Resources	Gains and	Movement
								resources	expended	losses	in fullds
										f
Unrestricted		funds
General	fund							308,778	(229,190)	(275,000)	(195,412)
TOTAL FIJNDS								308,778	(229,190)	(275,000)	(195,412)
A current year 12months			and	prior year 12months			combined position is as follows:
										Net
									At	movement	At
									31.3.19	111fullds	30.3.21
Unrestricted		funds
General	fund								3,012,203	70,525	3,082,728
TOTAL FIJNDS									3,012,203	70,525	3,082,728

A current year		12 montlts	and prior year 12months combined	net movement	in funds, included in the above are as follows:	in funds, included in the above are as follows:
				Incomlllg	Resources	Gains and	Movement
				resources	expended	losses	in funds
Unrestricted	funds
General fund				524,726	(329,201)	(125,000)	70,525
TOTAL FUNDS				524,726	(329,201)	(125,000)	70,525
The unrestricted		ftutd represents	"free reserves "

The carrying am	ounts	ofthe	charity's fnancial instruments are as follows:
				2021	2020
Financial assets
Debt instruments	measured		at amortised cost:
- Trade debtors				85,495	50,592
-Other debtors				8,039	4,539
-Prepayments	and accrued		income	6,630	1,865
				100,164	56,996
Financial liabilities
Measured at amortised		cost
- Trade creditors				11,157	640
- Social security	and other taxes			13,262	12,074
- Other creditots				17,851	17,930
- Amounts owed to associated companies				40,652	67,152
- Accruals and deferred		income		59.225	71,612
				142,147	169,408

For The Year Ended 3	0	il'larch	2021
				2021	2020
INCOME AND ENDOIVlii'IENTS
Donations and legacies
Donations and gifts				23,000	93,750
Investment income
Rents received				192,943	215,020
Deposit account interest				5	8
				192,948	215,028
Total incoming resources				215,948	308,778
EXPENDITLtRE
Investment management		costs
Rates and water				2,611	2,570
Property repairs and maintenance				1,811	7,851
Service charges received				(8,333)	(8,540)
Management and administrative			charges	1,836	1,358
Insurance				1,249	1,359
Bank charges				631	950
Legal and professional	fees			1,055	1,725
Bad debts				5,885	1,193
				6,745	8,466
Charitable activities
Grants to institutions				52,205	102,017
Grants to individuals				35,836	113,132
				88,041	215,149
Support costs
Finance
Bookkeeping				750	1,030
Governance costs
Legal and professional		fees		400	550
Independent Examiners		fees		4,075	3,995
				4,475	4,545
Total resources expended				100,011	229,190
Net income				115,937	79,588