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|||||||||||Page|
|---|---|---|---|---|---|---|---|---|---|---|
|Trustees'<br>annual<br>report|||(incorporating||the directors'|||report)|||
|Independent|auditor's||report to the members||||||||
|Consolidated|statement||offinancial|activities||(including|||income and||
|expenditure|account)|||||||||10|
|Parent statement offinancial<br>activities|||||(including||income||and||
|expenditure|account)||||||||||
|Consolidated|statement||offinancial|position||||||12|
|Parent balance sheet||||||||||13|
|Consolidated|statement||ofcash flows|||||||14|
|Notes to the|financial|statements||||||||15|





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|follows:||||||
|---|---|---|---|---|---|
|||||2022|2021|
||||||f|
|Grants and donations|||paid out|2,064,400|3,204,600|
|Net rental|income|||1,732,150|2,672,738|
|Dividend|income from listed investments|||18,440|23,474|
|Investment|property||at fair value|42,517,887|42,436,689|
|Listed investments||at fair value||495,134|650,176|



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|||||||2022|2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Unrestricted|
|||||||funds|Total funds|funds|
||||||Note|8||8|
|Income and|endowments||||||||
|Donations<br>and legacies|||||5||||
|Investment|income||||6|3,990,531|3,990,531|3,892,730|
|Total income||||||3,990,531|3,990,531|3,892,730|
|Expenditure|||||||||
|Expenditure|on raising funds:||||||||
|Investment<br>management|||costs||7|(2,337,830)|(2,337,830)|(1,302,131)|
|Expenditure|on charitable|activities|||8,9|(2,080,114)|(2,080,114)|(3,226,710)|
|Taxation|||||12|14,953|14,953|(34,494)|
|Total expenditure||||||(4,402,991)|(4,402,991)|(4,563,335)|
|Fair value movements|||||13|(155,042)|(155,042)|259,394|
|Net income|and net movement|||in funds||(567,502)|(567,502)|(411,211)|
|Reconciliation<br>offunds|||||||||
|Total funds|brought<br>forward||||24|33,722,842|33,722,842|34,134,053|
|Total funds|carried forward||||25|33,155,340|33,155,340|33,722,842|





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|||Year ended|30June|2022|2022||
|---|---|---|---|---|---|---|
|||||2022||2021|
|||||Unrestricted||Unrestricted|
|||||funds|Total funds|funds|
||||Note|8|||
|Income and endowments|||||||
|Donations<br>and legacies|||5|2,118,435|2,118,435|3,060,000|
|Total income||||2,118,435|2,118,435|3,060,000|
|Expenditure|||||||
|Expenditure<br>on charitable|activities||8,9|(2,080,114)|(2,080,114)|(3,226,710)|
|Total expenditure||||(2,080,114)|(2,080,114)|(3,226,710)|
|Fair value movements|||13|(605,823)|(605,823)|(246,501)|
|Net expenditure<br>and net|movement|in funds||(567,502)|(567,502)|(413,211)|
|Reconciliation<br>offunds|||||||
|Total funds brought<br>forward|||24|33,722,943|33,722,943|34,136,154|
|Total funds carried forward|||25|33,155,441|33,155,441|33,722,943|





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|||||2022|2021|
|---|---|---|---|---|---|
||||Note||f|
|Fixed assets||||||
|Tangible fixed assets|||16|8,254|11,053|
|investments|||17|43,013,021|43,086,865|
|||||43,021,275|43,097,918|
|Current<br>assets||||||
|Debtors|||19|1,687,928|1,634,741|
|Cash at bank and in hand||||823,480|377,766|
|||||2,511,408|2,012,507|
|Creditors: amounts|falling due within|one year|20|(2,372,540)|(2,972,758)|
|Net current<br>liabilities||||138,868|(960,251)|
|Total assets less current liabilities||||43,160,143|42,137,667|
|Creditors: amounts|falling due after|more than one year|21|(4 793388)|(3 188457)|
|Provisions|||23|(5,211,415)|(5,226,368)|
|Net assets||||33,155,340|33,722,842|
|Funds ofthe charity||||||
|Unrestricted<br>funds||||33,155,340|33,722,842|
|Total charity funds|||25|33,155,340|33,722,842|






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|||Company<br>Limited<br>by Guarant|Company<br>Limited<br>by Guarant|ee|||
|---|---|---|---|---|---|---|
|||Parent Balance Sheet|||||
||||30June 2022||||
||||||2022|2021|
|||||Note|5||
|Fixed assets|||||||
|Investments||||17|33,160,549|33,766,372|
||||||33,160,549|33,766,372|
|Current<br>assets|||||||
|Cash at bank|and in|hand|||41,958|7,757|
||||||41,958|7,757|
|Creditors: amounts||falling due within|one year|20|(47,067)|(51,186)|
|Net current|assets||||(5,109)|(43,429)|
|Total assets|less current liabilities||||33,155,440|33,722,943|
|Net assets|||||33,155,440|33,722,943|
|Funds ofthe charity|||||||
|Unrestricted|funds||||33,155,440|33,722,943|
|Total charity funds||||24|33,155,440|33,722,943|





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||Year|ended 30June 20|22|||
|---|---|---|---|---|---|
|||||2021|2020|
||||||f|
|Cash flows from operating<br>activities||||||
|Net income||||(567,502)|(411,211)|
|Adjustments<br>for:||||||
|Depreciation oftangible<br>fixed assets||||2,799|3,685|
|Fair value movements||||155,042|(259,394)|
|Dividends,<br>interest<br>and rents from|investments|||(3,990,531)|(3,892,730)|
|Other interest receivable<br>and similar income||||||
|Taxation||||(14,953)|34,494|
|Accrued (income)/expenses||||2,646|7,746|
|Donations<br>received and granted<br>in|the form ofsubsidiaries|||||
|Changes<br>in:||||||
|Trade and other debtors||||(53,187)|(257,783)|
|Trade and other creditors||||(665,555)|128,112|
|Cash generated<br>from operations||||(5,131,241)|(4,647,081)|
|Interest received||||||
|Net cash used in operating<br>activities||||(5,131,241)|(4,647,081)|
|Cash flows from investing<br>activities||||||
|Dividends,<br>interest and rents from|investments|||3,990,53 I|3,892,730|
|Purchases ofother investments||||(81,198)|(248,663)|
|Net cash from investing<br>activities||||3,909,333|3,644,067|
|Cash flows from financing<br>activities||||||
|Proceeds from borrowings||||1,667,622|(340,870)|
|Net cash from/(used<br>in) financing|activities|||1,667,622|(340,870)|
|Net increase in cash and cash equivalents||||445,714|(1,343,884)|
|Cash and cash equivalents<br>at beginning||ofyear||377,766|1,721,650|
|Cash and cash equivalents<br>at end ofyear|||27|823,480|377,766|





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|5.|member<br>in <br>Donations|the event ofa<br>and legacies|winding<br>up|is limited to Xl.||||
|---|---|---|---|---|---|---|---|
||Charity|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
||||||||f|
||Donations|||||||
||Gift Aid received|||2,118,435|2,118,435|3,060,000|3,060,000|
|6.|Investment|income||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
||||||||f|
||Income from investment||properties|3,972,091|3,972,091|3,869,256|3,869,256|
||Income from other investments|||18,440|18,440|23,474|23,474|
|||||3,990,531|3,990,531|3,892,730|3,892,730|





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|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|2022|Funds|2021|
|Investment|management|||costs||2,112,906|2,112,906|1,093,993|1,093,993|
|Administrative|||expenses|||97,889|97,889|105,613|105,613|
|Other interest||payable||||115,921|115,921|93,271|93,271|
|Finance charges||||||11,114|11,114|9,254|9,254|
|||||||2,337,830|2,337,830|1,302,131|1,302, 131|
|Expenditur|e|on|charitable||activities|by fund type||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2022|Funds|2021|
||||||||||f|
|Charitable|activity|||||2,064,400|2,064,400|3,204,600|3,204,600|
|Support costs||||||15,714|15,714|22,110|22,110|
|||||||2,080,114|2,080,114|3,226,710|3,226,710|



|Expenditure|on charitable<br>ac|tivities<br>by activity type||||
|---|---|---|---|---|---|
|||Grant||||
|||funding of||Total funds|Total fund|
|||activities|Support costs<br>f|2022|2021<br>f|
|Charitable|activity|2,064,400||2,064,400|3,204,600|
|Governance|costs||15,714|15,714|22,110|
|||2,064,400|15,714|2,080,114|3,226,710|



|is<br>ofsuppo|rt<br>cost|s|||||
|---|---|---|---|---|---|---|
|||Accountancy|||||
|||and non-audit||General|||
|||fees|Audit fees<br>f|expenses|Total 2022<br>8|Total 2021<br>f|
|Governance|costs|5,000|10,200|514|15,714|22,110|





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## 

|11.|Analysis ofgrants||Year ended 30|June 2022|||
|---|---|---|---|---|---|---|
||||||Year to|Year to|
||||||30June 22|30 June 21|
||||||f|f|
||Grants to institutions||||||
||Amud Hatzdokoh<br>Trust||||31,600|19,700|
||Asser Bishvil Foundation|||||37,000|
||Beis Ruchel D'Satmar (London) Ltd||||50,000|33,600|
||Congregation<br>Vyoel Moshe D'Satmer Charitable|||Trust|36,000|25,000|
||Chevras Mo'oz Ladol||||85,400|48,000|
||Collel Chibath Yerushalayim,||Rabbi Meir Baal|Hanes Trust|30,000|30,000|
||The Friends ofYeshivas|Brisk|||20,000|33,000|
||Palmcourt<br>Limited|||||50,000|
||United Talmudical<br>Associates||Ltd||1,035,000|2,130,000|
||UTRY||||32,000|45,000|
||Vyoel Moshe Charitable|Trust|||40,000|35,000|
||Yetev Lev London Jerusalem||Trust||50,000|51,000|
||Other donations<br>below f30,000||||654,400|667,300|
||||||2,064,400|3,204,600|
||Total grants||||2,064,400|3,204,600|
||Analysis ofGrants to Institutions:||||||
||Advancement<br>ofthe Jewish Religion||||497,716|842,475|
||Advancement<br>ofJewish|Education|||608,800|881,825|
||ReliefofPoverty||||573,917|826,575|
||Any other charitable<br>purposes||||383,967|653,725|
||Total||||2,064,400|3,204,600|
|12.|Taxation||||||
||Deferred tax:||||||
||||||2022|2021|
||Origination<br>and reversal|oftiming differences|||(14,953)|34,494|
||Taxation||||(14,953)|34,494|





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||~Grou|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2022|Funds|2021|
||||||||f|
||Gains/(losses)||on listed investments|(155,042)|(155,042)|259,394|259,394|
|||||(155,042)|(155,042)|259,394|259,394|
||Charity|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
||Gains/(losses)||on subsidiary|||||
||undertakings|||(605,823)|(605,823)|(246,501)|(246,501)|
|||||(605,823)|(605,823)|(246,501)|(246,501)|
|14,|Net income|||||||
||Net income|is stated atter charging/(crediting):||||||
|||||||2022|2021|
||Depreciation|oftangible fixed assets||||2,799|3,685|
||Non audit fees|||||32,120|34,400|
||Fees payable|for the audit ofthe financial||statements||22,440|24,480|



## 

## 

|||Plant and|
|---|---|---|
|||machinery|
|Cost|||
|At|1July 2021 and 30June 2022|26,202|
|Depreciation|||
|At|1 July 2021|15,149|
|Charge for the year||2,799|
|At|30June 2022|17,948|
|Carrying<br>amount|||
|At|30June 2022|8,254|
|At|30 June 2021|11,053|





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|Investments<br>Year ended 30Jun|e 2022|||
|---|---|---|---|
||Listed|Investment||
|~Grou|investments<br>f|properties|Total<br>8|
|Cost or valuation||||
|At I July 2021|650,176|42,436,689|43,086,865|
|Additions||81,198|81,198|
|Fair value movements|(155,042)|—|(155,042)|
|At 30June 2022|495,134|42,517,887|43,013,021|
|Impairment||||
|At I July 2021 and 30June 2022||||
|Carrying<br>amount||||
|At 30June 2022|495,134|42,517,887|43,013,021|
|At 30 June 2021|650,176|42,436,689|43,086,865|
|All investments<br>shown above are held at valuation.||||



## 

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|evidence oftransaction<br>prices for similar properties<br>and condition.|in the same location taking acc|ount their age|
|---|---|---|
||Subsidiary||
|~Charit|Undertaking||
||investments|Total|
|||f.|
|Cost or valuation|||
|At I July 2021|33,766,372|33,766,372|
|Additions|||
|Disposals|||
|Fair value movements|(605,823)|(605,823)|
|At 30June 2022|33,160,549|33,160,549|
|Impairment|||
|At I July 2021 and 30June 2022|||
|Carrying<br>amount|||
|At 30June 2022|33,160,549|33,160,549|
|At 30June 2021|33,766,372|33,766,372|





## 

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||||Description|dr Proportion|Nature of|Nature of|
|---|---|---|---|---|---|---|
||||OfShare Capital||Owned|Business|
|Altena Estates Limited|||Ordinary|100%|Property|Investment|
||||Preference|100%|||
|Barryvale|Limited||Ordinary|100%|Property|Investment|
|Fleetguild|Limited||Ordinary|100%|Property|Investment|
|Hiltshore|Limited||Ordinary|100%|Dormant||
|Mirette Investments||Limited|Ordinary|IQQ%|Property|Investment|
||||Preference|100%|||



|Barryvale Limited<br>Fleetguild<br>Limited<br>Hiltshore<br>Limited<br>Mirette Investments|Barryvale Limited<br>Fleetguild<br>Limited<br>Hiltshore<br>Limited<br>Mirette Investments|Limited|Ordinary<br>Ordinary<br>Ordinary<br>Ordinary<br>Preference||100%<br>100%<br>100%<br>IQQ%<br>100%|Property<br>Property<br>Dormant<br>Property|Investment<br>Investment<br>Investment|
|---|---|---|---|---|---|---|---|
|The subsidiaries<br>have||year ends|coterminous<br>with the|parent|charity<br>and the|2022 figures|are disclosed|
|below:||||||||
||||~Com<br>an||Turnover|~Ex enditu|Profit/Loss|
||||Number|||re||
|Altena Estates Limited|||01042867|||(2,644)|(2,644)|
|Barryvale|Limited||03584191||1,453,504|(397,056)|1,056,448|
|Fleetguild|Limited||02787962||1,809,134|(1,678,815)|130,319|
|Hiltshore|Limited||02788553|||||
|Mirette Investments||Limited|01024660||727,845|(259,348)|468,497|
||||Fixed<br>Current|||Loan<br>term|Net Assets|
||||Assets<br>Assets||Liabilities|L~ailtties||
|||||||f.||
|Altena Estates Limited|||1,201,937<br>1,032,988||(942,642)||1,292,283|
|Barryvale|Limited||12,026,296<br>937,197||(4,585,723)|(1,373,681)|7,004,089|
|Fleetguild|Limited||20,597,860<br>593,274||(2,221,416)|(2,446,439)|16,523,279|
|Hiltshore|Limited||100|5,747|(11,995)||(6,148)|
|Mirette Investments||Limited|9,195,182<br>5,525,086||(188,540)|(6,184,683)|8,347,045|





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|19.|Debtors|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
||Trade debtors|||||||1,247,936|1,253,054|
||Prepayments|and accrued|||income|||27,202|22,605|
||Other debtors|||||||412,790|359,082|
|||||||||1,687,928|1,634,741|
|20.|Creditors: amounts|||falling due within||one year||||
||Group|||||||2022|2021|
||Bank loans and||overdratis|||||402,451|339,760|
||Accruals and|deferred||income||||157,813|155,167|
||Social security||and other||taxes|||2,586|1,316|
||Other creditors|||||||1,809,690|2,476,515|
|||||||||2,372,540|2,972,758|
||Charity|||||||2022|2021<br>f|
||Accruals and|deferred||income||||18,312|22,431|
||Other creditors|||||||28,755|28,755|
|||||||||47,067|51,186|
|21.|Creditors: amounts|||falling due after more than one|||year|||
|||||||||2022|2021|
||Bank loans and||overdrafts|||||4,793,388|3,188,457|
|22.|Deferred tax|||||||||
||The deferred|tax included|||in the statement offinancial||position|is as follows:||
|||||||||2022|2021|
||Included<br>in provisions|||(note 23)||||5,211,415|5,226,368|
|23.|Provisions|||||||||
||||||||||Deferred tax|
||||||||||(note 22)|
||At I July 2021||||||||5,226,368|
||Additions||||||||(14,953)|
||At 30June 2022||||||||5,211,415|





## 

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||||||C|om|pan|y<br>Limited|y<br>Limited|by Guarant|by Guarant|ee|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||NOteS|tO|the|FinanCial||StatementS||rrondndaa|||
|||||||Year ended 30||||June|2022||||
|Analysis|ofcharitable||||funds||||||||||
|Unrestricted||funds|||||||||||||
|||||||||At|||||Fair value|At|
|Group|||||I|July 2021|||Income||Expenditure||movements|30June 2022|
||||||||f|||f|||||
|General|funds||||33,722,842||||3,990,531||(4,402,991)||(155,042)|33,155,340|
|||||||||At|||||Fair value|At|
||||||I April 2020||||Income||Expenditure||movements<br>f|30 June 2021<br>f|
|General|funds||||34,134,053||||3,892,730||(4,563,335)||259,394|33,722,842|
|Unrestricted||funds|||||||||||||
|||||||||At|||||Fair value|At|
|Charity|||||I|July 2021|||Income||Expenditure||movements|30June 2022|
||||||||f|||f||f|f||
|General|funds||||33,722,943||||2,118,435||(2,080,114)||(605,823)|33,155,441|
|||||||||At|||||Fair value|At|
||||||I April 2020<br>f||||Income<br>f||Expenditure<br>f||movements<br>f.|30 June 2021<br>f|
|General|funds||||34,136,154||||3,060,000||(3,226,710)||(246,501)|33,722,943|
|Analysis|ofnet||assets||between||funds||||||||
||||||||||||||Unrestricted|Total Funds|
||||||||||||||Funds|2022|
|Tangible|tixed||assets||||||||||8,254|8,254|
|Investments|||||||||||||43,013,021|43,013,021|
|Current|assets||||||||||||2,511,408|2,511,408|
|Creditors|less|than||I year|||||||||(2,372,540)|(2,372,540)|
|Creditors|greater than||||I year||||||||(4,793,388)|(4,793,388)|
|Provisions|||||||||||||(5,211,415)|(5,211,415)|
|Net assets|||||||||||||33,155,340|33,155,340|
||||||||||||||Unrestricted|Total Funds|
||||||||||||||Funds|2021|
||||||||||||||f||
|Tangible|lixed||assets||||||||||11,053|11,053|
|Investments|||||||||||||43,086,865|43,086,865|
|Current|assets||||||||||||2,012,507|2,012,507|
|Creditors|less|than||I year|||||||||(2,972,758)|(2,972,758)|
|Creditors|greater than||||1 year||||||||(3 188457)|(3,188,457)|
|Provisions|||||||||||||(5,226,368)|(5,226,368)|
|Net assets|||||||||||||33,722,842|33,722,842|



## 



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## 

## 

## 

|Analysis|ofchanges in net|Year ended 3<br> debt|0June 20|22|||
|---|---|---|---|---|---|---|
|||||||At|
||||At|1 Jul 2021|Cash tlows|30Jun 2022|
|||||f|f.||
|Cash at bank and in hand||||377,766|445,714|823,480|
|Debt due|within<br>one year|||(339,760)|(62,691)|(402,451)|
|Debt due|alter one year||(3,188,457)||(1,604,931)|(4,793,388)|
||||(3,150,451)||(1,221,908)|(4,372,359)|
|Analysis|ofcash and cash|equivalents|||||
||||||2022|2021|
||||||f||
|Cash at bank and in hand|||||823,480|377,766|
|Overdratt|facility repayable|on demand|||(-)|(-)|
|Total cash and cash equivalents|||||823,480|377,766|




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##