| PAGE | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the director's report) | |||||
| Independent | auditor's report to the members |
|||||
| Consolidated | statement offinancial | activities (including | income and | |||
| expenditure | account) | 12 | ||||
| Parent statement offinancial activities | (including | income | and | |||
| expenditure | account) | 13 | ||||
| Consolidated | statement offinancial position | 14 | ||||
| Parent balance sheet | 15 | |||||
| Consolidated | statement ofcash flows | 16 | ||||
| Notes to the | financial statements | 17 |
| REFERE | NCE AND ADMINIS | NCE AND ADMINIS | TRATIVE DETAILS | TRATIVE DETAILS | ||
|---|---|---|---|---|---|---|
| Registered | charity name | Shulem B.Association | Limited | |||
| Charity registration | number | 313654 | ||||
| Company | registration | number | 00711513 | |||
| Principal | office and registered | New Burlington | House | |||
| office | 1075Finchley Road | |||||
| NW11 OPU | ||||||
| London | ||||||
| Tbe trustees | Mr Samuel Berger | |||||
| Mrs Sarah Rachel Klein | ||||||
| Mrs Zelda Sternlicht | ||||||
| Auditor | Cohen Arnold | |||||
| Chartered accountants |
dc statutory | auditor | ||||
| New Burlington | House | |||||
| 1075Finchley Road | ||||||
| LONDON | ||||||
| NW11 OPU | ||||||
| Solicitor | Hamlins LLP | |||||
| 1 Kingsway | ||||||
| London | ||||||
| WC2B 6AN | ||||||
| Bank | Barclays Bank | |||||
| 1 Churchill Place |
||||||
| London | ||||||
| E145HP |
| follows: | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Grants and donations paid out |
3,424,600 | 1,346,100 | |
| Net income from commercial undertakings |
4,693,255 | 2,658,204 | |
| Net rental income from investment | properties | 263,169 | 300,204 |
| Investment property at fair value |
73076i553 | 72,565,229 | |
| Listed investments at fair value |
6,546 | 8,621 |
| 2022 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | ||||||
| Income and endowments | ||||||
| Donations and legacies |
5 | 200,000 | ||||
| Commercial Operations |
6 | 5,617,724 | 5,617,724 | 3,652,213 | ||
| Investment income |
7 | 559,061 | 559,061 | 529,331 | ||
| Total income | 6,176,785 | 6,176,785 | 4,381,544 | |||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Commercial Operations |
8 | (1,220,565) | (1,220,565) | (1,156,384) | ||
| Investment management |
costs | 9 | (420,337) | (420,337) | (371,800) | |
| Expenditure on charitable |
activities | 10,11 | (3,928,307) | (3,928,307) | (1,799,148) | |
| Interest payable and similar charges | 14 | (504,435) | (504,435) | (412,684) | ||
| Taxation | 15 | 63,083 | 63,083 | 38,778 | ||
| Total expenditure | (6,010,561) | (6,010,561) | (3,701,238) | |||
| Net gains on investments | 17 | 296,096 | 296,096 | 162,375 | ||
| Net income | 462,320 | 462,320 | 842,681 | |||
| Other recognised gains |
and | losses | ||||
| Fair value movements | 18 | (2,075) | (2,075) | 253,414 | ||
| Net movement in funds |
460,245 | 460,245 | 1,096,095 | |||
| Reconciliation offunds | ||||||
| Total funds brought forward |
53,577,343 | 53,577,343 | 52,481,248 | |||
| Total funds carried forward | 54,037,588 | 54,037,588 | 53,577,343 |
| 2022 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| loots | ||||||
| Income and endowments | ||||||
| Donations and legacies |
5 | 3,435,439 | 3,435,439 | 2,283,000 | ||
| Investment income |
7 | 559,061 | 559,061 | 529,013 | ||
| Total income | 3,994,500 | 3,994,500 | 2,812,013 | |||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Investment management |
costs | 9 | (295,892) | (295,892) | (228,809) | |
| Expenditure on charitable |
activities | (3,898,307) | (3,898,307) | (1,799,148) | ||
| Total expenditure | (4,194,199) | (4,194,199) | (2,027,957) | |||
| Net gains on investments | 17 | 296,096 | 296,096 | 162,375 | ||
| Net income | 96,397 | 96,397 | 946,431 | |||
| Other recognised gains |
and | losses | ||||
| Fair value movements | 18 | 2,446,482 | 2,446,482 | 149,668 | ||
| Net movement in funds |
2,542,879 | 2,542,879 | 1,096,099 | |||
| Reconciliation offunds | ||||||
| Total funds brought forward |
53,599,352 | 53,599,352 | 52,503,253 | |||
| Total funds carried forward | 56,142,231 | 56,142,231 | 53,599,352 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | g | f. | |||
| FIXEDASSETS | |||||
| Investments | 20 | 73,076,553 | 72,573,850 | ||
| CURRENT ASSETS | |||||
| Debtors | 21 | 5,404,382 | 5,365,847 | ||
| Cash at bank and in hand | 1,585,659 | 1,766,967 | |||
| 6,990,041 | 7,132,814 | ||||
| CREDITORS: amounts | falling due within one year | 22 | (16,265,995) | (3,303,227) | |
| NET CURRENT ASSETS | (9,275,954) | 3,829,587 | |||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 63,800,599 | 76,403,437 | ||
| CREDITORS: amounts | falling due after more than | one year | 23 | (16,218) | (13,016,218) |
| PROVISIONS | 25 | (9,746,793) | (9,809,876) | ||
| NET ASSETS | 54,037,588 | 53,577,343 | |||
| FUNDS OFTHE CHARITY | |||||
| Unrestricted funds |
54,037,588 | 53,577,343 | |||
| Total charity funds | 27 | 54,037,588 | 53,577,343 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS | |||||
| Investments | 20 | 55,403,816 | 53,258,894 | ||
| 55,403,816 | 53,258,894 | ||||
| CURRENT ASSETS | |||||
| Debtors | 21 | 607,604 | 599,092 | ||
| Cash at bank and in hand | 225,652 | 31,158 | |||
| 833,256 | 630,250 | ||||
| CREDITORS: amounts | falling due within | one year | 22 | (94,841) | (289,792) |
| NET CURRENT ASSETS | 738,415 | 340,458 | |||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 56,142,231 | 53,599,352 | ||
| NET ASSETS | 56,142,231 | 53,599,352 | |||
| FUNDS OFTHE CHARITY | |||||
| Unrestricted funds |
56,142,231 | 53,599,352 | |||
| Total charity funds | 27 | 56,142,231 | 53,599,352 |
| YEAR ENDED 30SEPTEMB | ER2022 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | 462,320 | 842,681 | |
| Adjustments for: | |||
| Net gains on investments | (296,096) | (162,375) | |
| Dividends, interest and rents from investments |
(559,061) | (529,013) | |
| Other interest receivable and similar income |
(318) | ||
| Taxation | (63,083) | (38,778) | |
| Accrued expenses | (49,183) | 37,693 | |
| Changesin: | |||
| Trade and other debtors | (38535) | (554,237) | |
| Trade and other creditors | 11,951 | 117,219 | |
| Cash generated from operations |
(531,687) | (287,128) | |
| Interest received | 318 | ||
| Net cash used in operating activities |
(531,687) | (286,810) | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Dividends, interest and rents from investments |
559,061 | 529,013 | |
| Purchases ofother investments | (1,199,678) | (12,795) | |
| Proceeds from sale ofother investments | 990,996 | 470,725 | |
| Net cash from investing activities |
350,379 | 986,943 | |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (181,308) | 700,133 | |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF | YEAR | 1,766,967 | 1,066,834 |
| CASH AND CASH EQUIVALENTS AT END OFYEAR | 28 | 1,585,659 | 1,766,967 |
| 5. | DONATI | ONS AND LE |
GACIES | ||||
|---|---|---|---|---|---|---|---|
| ~Grou | Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| E | |||||||
| Donations | |||||||
| Donations | received | 200,000 | 200,000 | ||||
| Charity | Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| 8 | 8 | ||||||
| Donations | |||||||
| Donations | received | 200,000 | 200,000 | ||||
| Donations | -Gift Aid Receipts | 3,435,439 | 3,435,439 | 2,083,000 | 2,083,000 | ||
| 6. | COMMERCIAL OPERATIONS | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| Rent and | charges receivable | 5,617,724 | 5,617,724 | 3,652,213 | 3,652,213 | ||
| 5,617,724 | 5,617,724 | 3,652,213 | 3,652,213 | ||||
| 7. | INVESTMENT INCOME | ||||||
| ~Grou | Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| f | |||||||
| Income from investment | properties | 559,061 | 559,061 | 529,013 | 529,013 | ||
| Other interest receivable | 318 | 318 | |||||
| 559,061 | 559,061 | 529,331 | 529,331 | ||||
| Charity | Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| Income from investment | properties | 559,061 | 559,061 | 529,013 | 529,013 | ||
| Other interest receivable | |||||||
| 559,061 | 559,061 | 529,013 | 529,013 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||||
| I | |||||||||
| Costs ofcommercial | operations | 1,220,565 | 1,220,565 | 1,156,384 | 1,156,384 | ||||
| 9. | INVESTMENT | MANAGEMENT | COSTS | ||||||
| ~Grou | Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | ||||||
| Administrative | expenses | 124,445 | 124,445 | 142,991 | 142,991 | ||||
| Investment | management | costs | 295,892 | 295,892 | 228,809 | 228,809 | |||
| 420,337 | 420,337 | 371,800 | 371,800 | ||||||
| Charity | Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | ||||||
| I | |||||||||
| Portfolio management | 295,892 | 295,892 | 228,809 | 228,809 |
| EXPENDI | TURE ON CHA | RITABLE ACTIVITIE | S BYFUND T | YPE | |
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| I | f | ||||
| Donations | paid | 3,866,920 | 3,866,920 | 1,767,985 | 1,767,985 |
| Support costs | 61,387 | 61,387 | 31,163 | 31,163 | |
| 3,928,307 | 3,928,307 | 1,799,148 | 1,799,148 |
| EXPENDI | TURE ON | CHARITABLE | ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|---|
| Activities | Grant | |||||
| undertaken | funding of | Total funds | Total fund | |||
| directly | activities | Support costs | 2022 | 2021 | ||
| Donations | paid | 442,320 | 3,424,600 | 3,866,920 | 1,767,985 | |
| Governance | costs | 61,387 | 61,387 | 31,163 | ||
| 442,320 | 3,424,600 | 61,387 | 3,928,307 | 1,799,148 |
| Accountancy | Accountancy | Accountancy | Accountancy | General | General | Legal dr | Total | Total | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| fees 8 |
Audit fees | expenses I |
Professional | 2022 | 2021 I |
||||||
| Governance | costs | 10,000 | 15,000 | 1,971 | 34,416 | 61,387 | 31,163 | ||||
| ANALYSIS | OF GRANTS | ||||||||||
| 2022 | 2021 | ||||||||||
| GRANTS TO INSTITUTIONS | |||||||||||
| Amud Hatzdokoh Trust |
23,000 | 8,000 | |||||||||
| Beis Ruchel | D'Satmar (London) | Limited | 29,000 | 30,000 | |||||||
| Chasdei Moishe Trust | 22,000 | 20,000 | |||||||||
| Chevras Mo'oz Ladol | 36,000 | 87,000 | |||||||||
| Collel Chibath Yerushalayim, | Rabbi | Meir | Baal Hanes | Trust | 35,600 | 10,000 | |||||
| Congregation | Vyoel Moshe | D'Satmar | Charitable | Trust | 35,000 | 45,000 | |||||
| KYLCentral | Shul Trust | 30,000 | |||||||||
| Gerson Berger Association | Limited | 30,000 | |||||||||
| United Talmudical Associates |
Ltd | 1,570,000 | 310,000 | ||||||||
| UTRY | 35,000 | 35,000 | |||||||||
| Vyoel Moshe Charitable Trust |
27,500 | 30,000 | |||||||||
| VHLT | 25,000 | 10,000 | |||||||||
| Yetev Lev London Jerusalem | Trust | 60,000 | 36,500 | ||||||||
| YBPLimited | 425,000 | ||||||||||
| Other grants | below Z20,000 | 1,041,500 | 724,600 | ||||||||
| 3,424,600 | 1,346,100 | ||||||||||
| Total grants | 3,424,600 | 1,346,100 | |||||||||
| ANALYSIS | OF GRANTS | TO | INSTITUTIONS: | ||||||||
| 2022 | 2021 | ||||||||||
| General charitable purposes |
1,481,800 | 447,333 | |||||||||
| Advancement | ofthe Jewish | Religion | 1,300,250 | 475,334 | |||||||
| Advancement | ofJewish Education | 642,550 | 423,433 | ||||||||
| Total | 3,424,600 | 1,346,100 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||
| 4 | |||||||
| Loan interest | 414,230 | 414,230 | 322,232 | 322,232 | |||
| Finance costs | 90,205 | 90,205 | 90,452 | 90,452 | |||
| 504,435 | 504,435 | 412,684 | 412,684 | ||||
| 15. | TAXATION | ||||||
| Deferred tax: | |||||||
| 2022 | 2021 | ||||||
| Origination and reversal oftiming differences |
(63,083) | (38,778) | |||||
| Taxation | (63,083) | (38,778) | |||||
| 16. | NET EXPENDITURE | ||||||
| Net expenditure | is stated after charging/(crediting): | ||||||
| 2022 | 2021 | ||||||
| Fees payable for the audit ofthe financial | statements | 40,940 | 38,262 | ||||
| 17. | NET GAINS ON INVESTMENTS | ||||||
| ~Grou | Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| Gains/(losses) | on investment | property | 296,096 | 296,096 | 162,375 | 162,375 | |
| ~Charit | Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| f | |||||||
| Gains/(losses) | on investment | property | 296,096 | 296,096 | 162,375 | 162,375 | |
| 18. | FAIR VALUE | MOVEMENTS | |||||
| ~Grou | Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| x | |||||||
| Surplus/(deficit) | on investment | property | 250,100 | 250,100 | |||
| Surplus/(deficit) | on listed investments | (2,075) | (2,075) | 3,314 | 3,314 | ||
| (2,075) | (2,075) | 253,414 | 253,414 | ||||
| ~Charit | Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| f | |||||||
| Surplus/(deficit) | on subsidiary | ||||||
| undertakings | 2,446,482 | 2,446,482 | 149,668 | 149,668 | |||
| 2,446,482 | 2,446,482 | 149,668 | 149,668 |
| INVESTMENTS | ||||
|---|---|---|---|---|
| ~Grou | Listed | Investment | ||
| investments | properties | Total | ||
| 8 | ||||
| Cost or valuation | ||||
| At I October 2021 | 8,621 | 72,565,229 | 72,573,850 | |
| Additions | 1,199,678 | 1,199,678 | ||
| Disposals | (694,900) | (694,900) | ||
| Fair value movements | (2,075) | (2,075) | ||
| At 30September 2022 | 6,546 | 73,070,007 | 73,076,553 | |
| Impairment | ||||
| At 1October 2021 and 30September 2022 | ||||
| Carrying amount |
||||
| At 30September 2022 | 6,546 | 73,070,007 | 73,076,553 | |
| At 30September 2021 | 8,621 | 72,565,229 | 72,573,850 | |
| Charith' | Shares in | |||
| Investment | group | Other | ||
| properties | undertakings | investments | Total | |
| Cost or valuation | ||||
| At I October 2021 | 7,543,766 | 45,714,378 | 750 | 53,258,894 |
| Additions | 25,140 | 25,140 | ||
| Disposals | (326,700) | (326,700) | ||
| Fair value movements | 2,446,482 | 2,446,482 | ||
| At 30September 2022 | 7,242,206 | 48,160,860 | 750 | 55,403,816 |
| Impairment | ||||
| At 1October 2021 and | ||||
| 30September 2022 | ||||
| Carrying amount | ||||
| At 30September 2022 | 7,242,206 | 48,160,860 | 750 | 55,403,816 |
| At 30September 2021 | 7,543,766 | 45,714,378 | 750 | 53,258,894 |
| are incorporated in En |
g | land are as |
follows: | ||
|---|---|---|---|---|---|
| Description | dr Proportion | Nature of | |||
| OfShare Capital | Owned Business | ||||
| Bitover Limited | Ordinary | 100o/o | Parent undertaking | ||
| Preference | 100'/o | ||||
| Crown View Estates | Limited | Ordinary | 100'/o | Property investment |
|
| Davecourt Limited |
Ordinary | 100'/o | Parent undertaking | ||
| Preference | 100'/o | ||||
| Honeyvale Properties |
Limited | Ordinary | 100'/o | Property investment |
|
| Lysvige Limited | Ordinary | 100'/o | Property investment |
||
| Tripknol1 Limited | Ordinary | 100'/o | Parent undertaking | ||
| Preference | 100/o | ||||
| Bitover Limited has the | following | active subsidiary undertakings: |
|||
| Description | dc Proportion | Nature of | |||
| OfShare Capital | Owned Business | ||||
| Vereneat Limited | Ordinary | 100'/o | Parent undertaking | ||
| Parkchoice Limited | Ordinary | IQQ/0 | Property investment |
||
| Evenley Investments | Limited | Ordinary | 1QQ/0 | Property investment |
|
| Vereneat Limited has | the following | active subsidiary undertaking: |
|||
| Kolup Investments | Limited | Ordinary | 100'/o | Property investment |
| Codnore | Estates Limited | Ordinary | 99% | Parent undertaking | Parent undertaking | |||
|---|---|---|---|---|---|---|---|---|
| Codnore Estates Limited has the following | active subsidiary | undertaking: | ||||||
| Arnville | Limited | Ordinary | 100% | Property | investment | |||
| Mari)la | Properties Limited |
Ordinary | IQQ% | Property | investment | |||
| Zeligrate Co. Limited | Ordinary | 100% | Property | investment | ||||
| Tripknog | Limited has the following | subsidiary undertaking: |
||||||
| Verelark | Limited | Ordinary | 100% | Parent undertaking | ||||
| Verelark Limited has the following | active | subsidiary | undertakings: | |||||
| Belinda | Properties Limited |
Ordinary | 100% | Property | investment | |||
| Hacienda | Properties Limited |
Ordinary | 100% | Property | investment | |||
| The fogowing material subsidiaries |
have | year ends | coterminous | with the | parent charity. The 2022 |
|||
| figures are | disclosed below: |
| e fogowing mate ures are disclosed |
rial subsidi below: |
aries have year |
ends coterminous with th |
e parent chari |
ty | . The 202 |
|---|---|---|---|---|---|---|
| ~Com an |
||||||
| Number | Turnover f ~E* |
di f |
P | b IL f |
||
| Cmwn View Estates limited | 02820344 | 1,156,848 | (609,634) | 2,001,613 | ||
| Kolup Investments | Limited | 00769026 | 1,119,769 | (844,000) | 347,369 | |
| Lysviile Limited | 01384537 | 159,708 | (46,926) | 683,306 | ||
| Psrkchoice Limited | 03106046 | 15,586 | (54,387) | 2,398,593 | ||
| Fixed | Current ~Lt |
|||||
| Assetsf | Assets ~L'abilities f, |
Liabilities f |
Net Assets f |
|||
| Crown View Estates limited | 20,704,865 | 6,855,842 (2,670,564) |
(12,191,931) | 12,698,212 | ||
| Koiup Investments | Limited | 32,469,455 | 9,617,092 (5,868,952) |
(10,946,267) | 25,271,328 | |
| Lysville Limited | 3,765,229 | 3,667,293 (533,385) |
(4,322,999) | 2,576,138 | ||
| Parkchoice Limited | 524,800 | 5,816,708 (95,618) |
(3,642,991) | 2,602,899 |
| DEBTORS | ||||||
|---|---|---|---|---|---|---|
| ~Grou | 2022 | 2021 | ||||
| Trade debtors | 829,298 | 1,056,564 | ||||
| Prepayments and |
accrued | income | 78,337 | 205,630 | ||
| Other debtors | 4,496,747 | 4,103,653 | ||||
| 5,404,382 | 5,365,847 | |||||
| ~Charit | 2022 | 2021 | ||||
| f | f | |||||
| Trade debtors | 193,744 | 128,011 | ||||
| Prepayments and |
accrued | income | 33,860 | 32,081 | ||
| Other debtors | 380,000 | 439,000 | ||||
| 607,604 | 599,092 | |||||
| CREDITORS: amounts | falling due within one year | |||||
| ~Grou | 2022 | 2021 | ||||
| Bank loans and overdratts | 13,000,000 | |||||
| Trade creditors | 36 | 36 | ||||
| Accruals and deferred | income | 619,857 | 669,040 | |||
| Other creditors | 2,646,102 | 2,634,151 | ||||
| 16,265,995 | 3,303,227 | |||||
| Charity | 2022 | 2021 | ||||
| Trade creditors | 36 | 36 | ||||
| Accruals and deferred | income | 94,697 | 107,388 | |||
| Other creditors | 108 | 182,368 | ||||
| 94,841 | 289,792 | |||||
| CREDITORS: amounts | falling due after more than one year | |||||
| 2022 | 2021 | |||||
| f | ||||||
| Bank loans and overdrafls | 13,000,000 | |||||
| Other creditors | 16,218 | 16,218 | ||||
| 16,218 | 13,016,218 | |||||
| Analysis ofloans | 2022f | 2021 | ||||
| Wholly repayable | within | 5 years | 13,000,000 | |||
| Not wholly repayable |
within | 5 years | ||||
| Included in current | liabilities | 13,000,000 | ||||
| 13,000,000 | 13,000,000 |
| 24. | DEFERRED TAX | DEFERRED TAX | DEFERRED TAX | |||
|---|---|---|---|---|---|---|
| The deferred tax included | in the statement offinancial | position is as follows: | ||||
| 2022 | 2021 | |||||
| f. | ||||||
| Included | in provisions | (note 25) | 9,746,793 | 9,809,876 | ||
| 25. | PROVISIONS | |||||
| Deferred tax | ||||||
| (note 24) | ||||||
| K | ||||||
| At 1 October 2021 | 9,809,876 | |||||
| Additions | (63,083) | |||||
| At 30September 2022 | 9,746,793 |
| 27. | ANALYSIS OFCHARITABLE FUNDS | ANALYSIS OFCHARITABLE FUNDS | ANALYSIS OFCHARITABLE FUNDS | ANALYSIS OFCHARITABLE FUNDS | ANALYSIS OFCHARITABLE FUNDS | |||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | |||||||
| ~Grou | At 1 | At 30 | ||||||
| October | Gains and | September | ||||||
| 2021 | Income | Expenditure | losses | 2022 | ||||
| E | ||||||||
| General | funds | 12,064,822 | 6,176,785 | (6,010,561) | 296,096 | 12,527,142 | ||
| Fair value reserve | 41,512,521 | (2,075) | 41,510,446 | |||||
| 53,577,343 | 6,176,785 | (6,010,561) | 294,021 | 54,037,588 | ||||
| At 1 | At 30 | |||||||
| October | Gains and | September | ||||||
| 2020 | Income | Expenditure | losses | 2021 | ||||
| f, | ||||||||
| General | funds | 11,222,141 | 4,381,544 | (3,701,238) | 162,375 | 12,064,822 | ||
| Fair value reserve | 41,259,107 | 253,414 | 41,512,521 | |||||
| 52,481,248 | 4,381,544 | (3,701,238) | 415,789 | 53,577,343 | ||||
| Unrestricted | funds | |||||||
| Charity | At 1 | At 30 | ||||||
| October | Gains and | September | ||||||
| 2021 | Income | Expenditure | losses | 2022 | ||||
| f. | ||||||||
| General | funds | 53,599,352 | 3,994,500 | (4,194,199) | 2,742,578 | 56,142,231 | ||
| At 1 | At 30 | |||||||
| October | Gains and | September | ||||||
| 2020 | Income | Expenditure | losses | 2021 | ||||
| f, | ||||||||
| General | funds | 52,503,253 | 2,812,013 | (2,027,957) | 312,043 | 53,599,352 | ||
| 28. | ANALYSIS OF CHANGES IN NET | DEBT | ||||||
| At | At | |||||||
| 1 Oct 2021 | Cash flows | 30Sep 2022 | ||||||
| f. | ||||||||
| Cash at bank and in hand | 1,766,967 | (181,308) | 1,585,659 | |||||
| Debt due within one year | —(13,000,000) | (13,000,000) | ||||||
| Debt due afler | one year | (13,000,000) | 13,000,000 | |||||
| (11,233,033) | (181,308) | (11,414,341) |
| Analysis ofcash and cash | equivalents | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Cash at bank and in hand | 1,585,659 | 1,766,967 | |
| Overdratt facility repayable |
on demand | (-) | (-) |
| Total cash and cash equivalents | 1,585,659 | 1,766,967 |