## ## ## ||||||||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|||||| ## ## ## |financial statements ofthe charity for the year ended 30 S|financial statements ofthe charity for the year ended 30 S|financial statements ofthe charity for the year ended 30 S|financial statements ofthe charity for the year ended 30 S|financial statements ofthe charity for the year ended 30 S|
eptember 2|023.| |---|---|---|---|---|---|---| |REFERENCE AND ADMINISTRATIVE 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|||| |The trustees|||Mr Samuel Berger|||| ||||Mrs Sarah Rachel Klein|||| ||||Mrs Zelda Stemlicht|||| |Auditor|||Cohen Arnold|||| ||||Chartered
accountants||tk 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|||| ||||B145HP|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |ations
using financial and non-fina
follows:|ncial
measures. The m|ost significant KPIs used b|y the charity| |---|---|---|---| |||2023|2022| |||8|| |Grants and donations
paid out
Net income f'rom commercial
undertakings||3,728,600
3,597,494|3,424,600
4,397,159| |Net rental income from investment|properties|326,084|263,169| |Investment
property at fair value
Listed investments
at fair value||75,089,890
6,296|73,070,007
6,546| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2023|2023|2022| |---|---|---|---|---|---|---| |||||Unrestricted||| |||||funds|Total funds|Total funds| ||||trots|8||| |Income and endowments||||||| |Donations
and legacies|||5|||| |Commercial
Operations|||6|5,133,364|5,133,364|5,617,724| |Investment
income|||7|603,342|603,342|559,061| |Total income||||5,736,706|5,736,706|6,176,785| |Expenditure||||||| |Expenditure
on raising funds:||||||| |Commercial
Operations|||8|(1,535,870)|(1,535,870)|(1,220,565)| |Investment
management||costs|9|(413,465)|(413,465)|(420,337)| |Expenditure
on charitable|activities||10,11|(4,138,031)|(4,138,031)|(3,928,307)| |Interest payable and similar charges
Taxation|||14
15|(929,310)
(3,020,131)|(929,310)
(3,020,131)|(504,435)
63,083| |Total expenditure||||(10,036,807)|(10,036,807)|(6,010,561)| |Net gains on investments|||17|||296,096| |Net income/(deficit)
for|the|year||(4,300,101)|(4,300,101)|462,320| |Other recognised
gains
Fair value movements|and|losses|18|1,761,345|1,761,345|(2,075)| |Net movement
in funds||||(2,538,756)|(2,538,756)|460,245| |Reconciliation offunds||||||| |Total funds brought
forward||||54,037,588|54,037,588|53,577,343| |Total funds carried forward||||51,498,832|51,498,832|54,037,588| ## |||||2023|2023|2022| |---|---|---|---|---|---|---| |||||Unrestricted||| |||||funds|Total funds|Total funds| ||||Note|||| |Income and endowments||||||| |Donations
and legacies|||5|3,393,942|3,393,942|3,435,439| |Investment
income|||7|602,340|602,340|559,061| |Total income||||3,996,282|3,996,282|3,994,500| |Expenditure||||||| |Expenditure
on raising funds:||||||| |Investment
management
costs
Expenditure
on charitable
activities|||9|(276,223)
(4,138,164)|(276,223)
(4,138,164)|(295,892)
(3,898,307)| |Total expenditure||||(4,414,387)|(4,414,387)|(4,194,199)| |Net gains on investments|||17|||296,096| |Net income||||(418,105)|(418,105)|96,397| |Other recognised
gains
Fair value movements|and|losses|18|(4,203,285)|(4,203,285)|2,446,482| |Net movement
in funds||||(4,621,390)|(4,621,390)|2,542,879| |Reconciliation offunds||||||| |Total funds brought
forward||||56,142,231|56,142,231|53,599,352| |Total funds carried forward||||51,520,841|51,520,841|56,142,231| ## ## ## ||30SEPTEMBER2023|||| |---|---|---|---|---| ||||2023|2022| |||Note|g|| |FIXEDASSETS||||| |Tangible fixed assets||20|3,780|| |Investments||21|75,096,186|73,076,553| ||||75,099,966|73,076,553| |CURRENT ASSETS||||| |Debtors||22|5,897,157|5,404,382| |Cash at bank and in hand|||556,349|1,585,659| ||||6,453,506|6,990,041| |CREDITORS: amounts|falling due within one year|23|(3,771,498)|(16,265,995)| |NET CURRENT ASSETS|||2,682,008|3,829,587| |TOTAL ASSETSLESS|CURRENT LIABILITIES||77,781,974|63,800,599| |CREDITORS: amounts|falling due after more than one year|24|(13,516,218)|(16,218)| |PROVISIONS||26|(12,766,924)|(9,746,793)| |NET ASSETS|||51,498,832|54,037,588| |FUNDS OFTHE CHARITY||||| |Unrestricted
funds||27|51,498,832|54,037,588| |Total charity funds||28|51,498,832|54,037,588| ## ||||2023|2022| |---|---|---|---|---| |||Note||| |FIXEDASSETS||||| |Investments||21|51,200,531|55,403,816| ||||51,200,531|55,403,816| |CURRENT ASSETS||||| |Debtors||22|724,997|607,604| |Cash at bank and in hand|||19,279|225,652| ||||744,276|833,256| |CREDITORS: amounts|falling due within one year|23|(423,966)|(94,841)| |NET CURRENT ASSETS|||320,310|738,415| |TOTAL ASSETSLESS|CURRENT LIABILITIES||51,520,841|56,142,231| |NET ASSETS|||51,520,841|56,142,231| |FUNDS OFTHE CHARITY||||| |Unrestricted
funds||27|51,520,841|56,142,231| |Total charity funds|||51,520,841|56,142,231| ## ## |YEARENDED 30SEPTEMB|ER2023||| |---|---|---|---| |||2023|2022| ||Note||| |CASH FLOWS FROM OPERATING ACTIVITIES|||| |Net income||(4,300,101)|462,320| |Adjustments for:|||| |Depreciation oftangible fixed assets||1,260|| |Net gains on investments
Dividends,
interest and rents fmm investments||(602,845)|(296,096)
(559,061)| |Other interest receivable
and similar income||(497)|| |Gains on disposal oftangible assets||(1,857,846)|| |Taxation||3,020,131|(63,083)| |Accrued expenses||135,925|(49,183)| |Changes in:
Trade and other debtors||(492,775)|(38,535)| |Trade and other creditors||48,539|11,951| |Cash generated
from operations||(4,048,209)|(531,687)| |Interest received||497|| |Net cash used in operating
activities||(4,047,712)|(531,687)| |CASH FLOWS FROM INVESTING AC11VITIES|||| |Dividends,
interest and rents from investments||602,845|559,061| |Purchase oftangible assets
Purchases ofother investments||(5,040)
(195,965)|(1,199,678)| |Proceeds from sale ofother investments||2,116,562|990,996| |Net cash trom investing
activities||2,518,402|350,379| |CASH FLOWS FROM FINANCING ACTIVITIES|||| |Proceeds from borrowings||500,000|| |Net cash )rom financing
activities||500,000|| |NET DECREASE IN CASH AND CASH EQUIVALENTS||(1,029,310)|(181,308)| |CASH AND CASH EQUIVALENTS AT BEGINNING OF|YEAR|1,585,659|1,766,967| |CASH AND CASH EQUIVALENTS AT END OFYEAR|29|556,349|1,585,659| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |5.|DONATIONS
AND LE|GACIES||||| |---|---|---|---|---|---|---| ||~Grou||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||Funds|2023|Funds|2022| ||||||g|6| ||Donations|||||| ||Donations received|||||| ||Cath(||Unrestricted
Funds|Total Funds
2023|Unrestricted
Funds|Total Funds
2022| |||||K||| ||Donations|||||| ||Donations received|||||| ||Donations - Gift Aid Receipts||3,393,942|3,393,942|3,435,439|3,435,439| |6.|COMMERCIAL OPERATIONS|||||| ||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||Funds|2023|Funds|2022| ||||||g|| ||Rent and charges receivable||5,133,364|5,133,364|5,617,724|5,617,724| ||||5,133,364|5,133,364|5,617,724|5,617,724| |7.|INVESTMENT INCOME|||||| ||~Grou||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||Funds|2023|Funds|2022| |||||g||8| ||Income from investment|properties|602,307|602,307|559,061|559,061| ||Income from listed investments||538|538||| ||Other interest receivable||497|497||| ||||603,342|603,342|559,061|559,061| ||Ch~ty||Unrestricted
Funds|Total Funds
2023|Unrestricted
Funds|Total Funds
2022| ||Income from investment|properties|602,307|602,307|559,061|559,061| ||Interest receivable||33|33||| ||||602,340|602,340|559,061|559,061| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |---|---|---|---|---|---|---|---|---|---| |||||||Funds|2023|Funds|2022| ||||||||||I| ||Costs ofcommercial|||operations||1,535,870|1,535,870|1,220,565|1,220,565| |9.|INVESTMENT||MANAGEMENT|||COSTS|||| ||~Grou|||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds|2023|Funds|2022| ||Administrative||expenses|||137,242|137,242|124,445|124,445| ||Investment|management|||costs|276,223|276,223|295,892|295,892| |||||||413,465|413,465|420,337|420,337| ||Charity|||||Unrestricted
Funds|Total Funds
2023|Unrestricted
Funds|Total Funds
2022| ||Portfolio management|||||276,223|276,223|295,892|295,892| |10.|EXPENDITURE ON CHARITABLE ACTIVITIES BYFUND TYPE||||||||| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds|2023|Funds|2022| ||||||||I|I|| ||Donations
paid
Support costs|||||4,094,453
43,578|4,094,453
43,578|3,866,920
61,387|3,866,920
61,387| |||||||4,138,031|4,138,031|3,928,307|3,928,307| ## |EXPENDI|TURE ON|CHARITABLE|ACTIVITIE|S BYACTIVI|TY TYPE|| |---|---|---|---|---|---|---| |||Activities|Grant|||| |||undertaken|funding of||Total funds|Total fund| |||directly|activities
I|Support costs|2023|2022| |Donations
Governance|paid
costs|365,853|3,728,600|43,578|4,094,453
43,578|3,866,920
61,387| |||365,853|3,728,600|43,578|4,138,031|3,928,307| ## ## |ANALYSIS|OFSUP|PORT COSTS|||||| |---|---|---|---|---|---|---|---| |||Accountancy||General|Legal dc|Total|Total| |||fees|Audit fees|expenses|Professional|2023|2022| |||8|||||| |Governance|costs|10,000|15,750|661|17,167|43,578|61,387| ## |ANALYSIS OF GRANTS||||| |---|---|---|---|---| ||||2023|2022| |GRANTS TO INSTITUTIONS||||| |Amud Hatzdokoh
Trust|||32,500|23,000| |Beis Ruchel D'Satmar (London) Limited|||15,000|29,000| |Castle Education Trust Limited|||25,000|| |Chasdei Moishe Trust|||24,000|22,000| |Chevras Mo'oz Ladol|||65,000|36,000| |Collel Chibath Yerushalayim,|Rabbi Meir Baal Hanes Trust||30,800|35,600| |Congregation
Vyoel Moshe D'Satmar Charitable||Trust|27,000|35,000| |Ezer Bekovoid Limited|||45,000|14,000| |Gerson Berger Association Limited||||30,000| |Karen Habinyan
Limited
KYL Central
Shul Trust|||60,000
35,000|30,000| |Palmcourt
Limited|||30,000|| |United Talmudical
Associates|Ltd||1,850,000|1,570,000| |UTRY|||45,000|35,000| |VHLT||||25,000| |Vyoel Moshe Charitable
Trust
YGSYeshiva Gedola Seminar|||25,000
25,000|27,500
18,000| |YBPLimited||||425,000| |Yetev Lev London Jerusalem|Trust||78,500|60,000| |Other grants below $20,000|||1,315,800|1,009,500| ||||3,728,600|3,424,600| |Total grants|||3,728,600|3,424,600| |ANALYSIS OF GRANTS TO INSTITUTIONS:||||| ||||2023|2022| |General charitable purposes
Advancement
ofthe Jewish Religion|||1,577,921
1,470,065|1,481,800
1,300,250| |Advancement
ofJewish Education|||680,614|642,550| |Total|||3,728,600|3,424,600| ## |14.|INTEREST P|AYA|BLE AND SIMILA|R CHARGE|S||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2023|Funds|2022| ||Loan interest|||839,770|839,770|414,230|414,230| ||Finance costs|||89,540|89,540|90,205|90,205| |||||929,310|929,310|504,435|504,435| |15.|TAXATION||||||| ||Deferred tax:||||||| |||||||2023|2022| ||Origination
and reversal oftiming differences|||||3,020,131|(63,083)| ||Taxation|||||3,020,131|(63,083)| ||All tsx is recognised||in the Consolidated|Income and Expenditure
Account.|||| ||Reconciliation|oftax expense|||||| |rporation
tax in the UKof22.0/e|(|2022: 19/o) by refer|ence to the analysis below.|| |---|---|---|---|---| ||||2023|2022| |Net income before tax|||(1,279,970)|399,237| |Net income by rate oftax
Income exempt trom tax|||(281,593)
91,920|75,855| |Expenses not deductible
for tax
Effect ofgift aid|||2,873
(593,548)|(75,855)| |Utilisation ofgroup losses
Impact ofchange in tax rate|||3 020 131|(63,083)| |Capital allowances|||(1,109)|| |Timing differences
on unrealised
Other adjustments|gains||746,931|| |Differences
arising from chargeable||gains|34,526|| |Taxation|||3,020, 131|(63,083)| ## ## |16.|NET EXPEND|ITURE|ITURE||||||| |---|---|---|---|---|---|---|---|---|---| ||Net expenditure|is stated after||charging/(crediting):|||||| |||||||||2023|2022| ||Fees payable for the audit ofthe financial||||statements|||44,370|40,940| |17.|NET GAINS ON INVESTMENTS||||||||| ||~Grou||||Unrestricted|Total Funds||Unrestricted|Total Funds| ||||||Funds||2023|Funds|2022| ||Gains/(losses)|on investment||property||||296,096|296,096| ||Cath||||Unrestricted
Funds|Total Funds
2023||Unrestricted
Funds|Total Funds
2022| ||||||8||||| ||Gains/(losses)|on investment||property||||296,096|296,096| |18.|FAIR VALUE|MOVEMENTS|||||||| ||~Grou||||||Total||| ||||||Unrestricted||Funds|Unrestricted|Total Funds| ||||||Funds||2023|Funds|2022| ||||||8||||| ||Deficit on listed investments||||(250)||(250)|(2,075)|(2,075)| ||Surplus on investment||property||2,082,634||2,082,634||| ||Fair value movements||on cash flow||||||| ||hedging
instruments||||(321,039)||(321,039)||| ||||||1,761,345||1,761,345|(2,075)|(2,075)| ||Cath||||Unrestricted
Funds|Total Funds
2023||Unrestricted
Funds|Total Funds
2022| ||||||||8||| ||Surplus/(deficit)|on subsidiary|||||||| ||undertakings||||(4,203,285)||(4,203,285)|2,446,482|2,446,482| ||||||(4,203,285)||(4,203,285)|2,446,482|2,446,482| ## ## ## |TANGIBLE FIXED ASSETS|| |---|---| ||Plant and| ||machinery| |Cost|| |At 1 October 2022|| |Additions|5,040| |At 30September 2023|5,040| |Depreciation|| |At 1 October 2022|| |Charge for the year|1,260| |At30September 2023|1,260| |Carrying
amount
At 30September 2023|3,780| |At 30September 2022|| ## ## |INVESTMENTS||||| |---|---|---|---|---| |~Grou||Listed|Investment|| |||investments|properties|Total| |Cost or valuation||||| |At 1 October 2022||6,546|73,070,007|73,076,553| |Additions|||195,965|195,965| |Disposals
Fair value movements||(250)|(258716)
2,082,634|(258716)
2,082,384| |At 30September 2023||6,296|75,089,890|75,096,186| |Impairment||||| |At 1October 2022 and 30September 2023||||| |Carrying
amount
At 30September 2023||6,296|75,089,890|75,096,186| |At 30 September 2022||6,546|73,070,007|73,076,553| |Charity||Shares in||| ||Investment|group|Other|| ||properties|undertakings
t|investments
t:|Total| |Cost or valuation||||| |At I October 2022|7,242,206|48,160,860|750|55,403,816| |Additions||||| |Disposals
Fair value movements||(4,203,285)||(4,203,285)| |At 30September 2023|7,242,206|43,957,575|750|51,200,531| |Impairment||||| |At 1October 2022 and||||| |30September 2023||||| |Carrying
amount
At 30September 2023|7,242,206|43,957,575|750|51,200,531| |At 30 September 2022|7,242,206|48,160,860|750|55403 816| ## ## ## ## ## |are incorporated
in En|gl|and are as|follows:|||| |---|---|---|---|---|---|---| ||||Description|dtr|Proportion|Nature of| ||||OfShare||Capital|Owned Business| |Bitover Limited|||Ordinary||100o/o|Parent undertaking| ||||Preference||100'/|| |Crown View Estates||Limited|Ordinary||100'/o|Property investment| |Davecourt Limited|||Ordinary||100o/o|Parent undertaking| ||||Preference||100'/o|| |Honeyvale
Properdes||Limited|Ordinary||100'/o|Property
investment| |Lysville Limited|||Ordinary||100'/o|Property
investment| |Tripknoll
Limited|||Ordinary||100'/o|Parent undertaking| ||||Preference||100'/|| |Bitover Limited has the||following|active subsidiary
undertakings:|||| ||||Description|tto Proportion||Nature of| ||||OfShare Capital|||Owned Business| |Vereneat Limited|||Ordinary||100'/o|Parent undertaking| |Parkchoice Limited|||Ordinary||100'/o|Property
investment| |Evenley Investments||Limited|Ordinary||100'/o|Property
investment| |Vereneat Limited has|the following||active subsidiary
undertaking:|||| |Kolup Investments|Limited||Ordinary||100'/o|Property
investment| ## |INVESTMENTS (continued)|INVESTMENTS (continued)|||||| |---|---|---|---|---|---|---| |Davecourt Limited has the following||subsidiary
undertaking:||||| |Codnore Estates Limited||Ordinary|99%o|Parent undertaking||| |Codnore Estates Limited has the following
active subsidiary|||undertaking:|||| |Arnville
Limited||Ordinary|100'/o|Property|investment|| |Marl)la Properties Limited||Ordinary|100'/o|Property|investment|| |Zeligrate Co.Limited||Ordinary|100'/o|Property|investment|| |Tripknoll
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'/o|Property|investment|| |Hacienda Properties Limited||Ordinary|100'/o|Property|investment|| |The following
material
subsidiaries||have year ends coterminous
with the||parent
charity.||The 2023| |figures are disclosed below:||||||| |||Qni
n
Number
tt
~dlt
8
8|||PrrQPoss
f|| |Crown View Estates limited||02820344
1,276,599
(824,890)||||452,038| |Kolup Investments
Limited||00769026
1,229,890
(1,290,668)||||96,818| |Lysville Limited||01384537|148,833
(51,691)|||1,787,601| |Parkchoice Limited||03106046|17,661
(44,123)|||(16,463)| |||Fixed
Current|~Lt|||| |||Assets
Assets|~Ltab'
es|Liabtttttes||Net Assets| |Crown View Estates limited|20,764,085
7,003,785||(10,513,901)|(5,978,897)||11,275,072| |Kolup Investments
Limited|32,580,469
10,076,844||(14,217,826)|(5,370,277)||23,069,210| |Lysville Limited||3,525,081
3,653,485|(648,489)|(4,276,442)||2,253,635| |Parkcho ice Liinited||524,800
5,662,633|(125,814)|(3,680,379)||2,381,240| ## ## |22.|DEBTORS||||||| |---|---|---|---|---|---|---|---| ||~Grou|||||2023
f|2022
f| ||Trade debtors|||||733,115|829,298| ||Prepayments
and accrued|||income||81,442|78,337| ||Other debtors|||||5,082,600|4,496,747| |||||||5,897,157|5,404,382| ||Charity|||||2023|2022| ||Trade debtors|||||189,951|193,744| ||Prepayments
and accrued|||income||15,046|33,860| ||Other debtors|||||520,000|380,000| |||||||724,997|607,604| |23.|CREDITORS: amounts|||falling due within one year|||| ||~Grou|||||2023|2022| ||Bank loans and overdratts||||||13,000,000| ||Trade creditors|||||374|36| ||Accruals and deferred||income|||755,782|619,857| ||Other creditors|||||3,015,342|2,646,102| |||||||3,771,498|16,265,995| ||C&rity|||||2023|2022
f| ||Trade creditors|||||36|36| ||Accruals and deferred||income|||129,709|94,697| ||Other creditors|||||294,221|108| |||||||423,966|94,841| |24.|CREDITORS: amounts|||falling due alter more than one year|||| |||||||2023|2022| ||Bank loans and overdraits|||||13,500,000|| ||Other creditors|||||16,218|16,218| |||||||13,516,218|16,218| |||||||2023|2022| ||Analysis ofloans||||||| ||Wholly repayable
within
5 years
Not wholly repayable
within
5 years
Included in current liabilities|||||13,500,000|13,000,000| |||||||13,500,000|13,000,000| ## |DEFERRED TAX|DEFERRED TAX|DEFERRED TAX|||||| |---|---|---|---|---|---|---|---| |The deferred tax included|||in the statement|offinancial|position is as follows;||| |||||||2023|2022| |||||||f|| |Included in provisions||(note 26)||||12,766,924|9,746,793| |PROVISIONS|||||||| |||||||Deferred tax|| ||||||||(note 25)
f| |At 1 October|2022||||||9,746,793| |Additions|||||||3,020, 131| |At 30September 2023|||||||12,766,924| |ANALYSIS OF CHARITABLE FUNDS|||||||| |Unrestricted|funds||||||| |~Grou|||At 1||||At 30| ||||October|||Gains and|September| ||||2022|Income|Expenditure|losses|2023
f| |General funds|||12,527,142|5,736,706|(10,036,807)||8,227,041| |Fair value reserve|||41,510,446|||1,761,345|43,271,791| ||||54,037,588|5,736,706|(10,036,807)|1,761,345|51,498,832| ||||At 1||||At 30| ||||October|||Gains and|September| ||||2021
f|Income
f|Expenditure
f|losses|2022| |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| |Unrestricted|funds||||||| |Ch~ith|||At 1||||At 30| ||||October|||Gains and|September| ||||2022|Income|Expenditure|losses|2023| |||||f|f|f,|| |General funds|||56,142,231|3,996,282|(4,414,387)|(4,203,285)|51,520,841| ||||At 1||||At.30| ||||October|||Gains and|September| ||||2021
f|Income
f|Expenditure
f|losses
f|2022
f| |General funds|||53,599,352|3,994,500|(4,194,199)|2,742,578|56,142,231| ## ## ## ## ## |ANALYSIS OFNET|ASSETS BETWEEN FU|NDS|| |---|---|---|---| |||Unrestricted|Total Funds| |||Funds|2023| |||8|| |Tangible fixed assets||3,780|3,780| |Investments||75,096,186|75,096,186| |Current assets||6,453,506|6,453,506| |Creditors less than 1year||(3,771,498)|(3,771,498)| |Creditors greater than|1 year|(13,516,218)|(13,516,218)| |Provisions||(12,766,924)|(12,766,924)| |Net assets||51,498,832|51,498,832| |||Unrestricted|Total Funds| |||Funds|2022| |Tangible fixed assets|||| |Investments||73,076,553|73,076,553| |Current assets||6,990,041|6,990,041| |Creditors less than 1|year|(16,265,995)|(16,265,995)| |Creditors greater than|1 year|(16,218)|(16,218)| |Provisions||(9,746,793)|(9,746,793)| |Net assets||54,037,588|54,037,588| ## |||At||At| |---|---|---|---|---| |||1 Oct 2022|Cash flows|30Sep 2023| ||||8|| |Cash|at bank and in hand|1,585,659|(1,029,310)|556,349| |Debt
Debt|due within one year
due after one year|(13,000,000)
13,000,000
—(13,500,000)||(13,500,000)| |||(11,414,341)|(1,529,310)|(12,943,651)| ## |||2023|2022| |---|---|---|---| |Cash at bank and in hand||556,349|1,585,659| |Overdraft
facility repayable|on demand|(-)|(-)| |Total cash and cash equivalents||556,349|1,585,659| ## ## |FINANCIAL INTR|UMENTS|||||||| |---|---|---|---|---|---|---|---|---| |The carrying amount|for each|category offinancial||instrument
is as follows:||||| ||||||||2023|2022| ||||||||8|| |Financial assets that are debt instruments|||measured||at amortised|cost||| |Financial assets that|are debt instruments
measured|||at|amortised|||| |cost|||||||6,372,064|6,911,704| |Financial liabilities|measured|at amortised|cost|||||| |Financial liabilities|measured|at amortised cost|||||17,287,716|16,282,213| |Financial assets measured
at||fair value through||income and expenditure||||| |Listed investments|||||||6,296|6,546| |Financial liabilities|measured|at fair value|through||other recognised||gains and|losses| |Cash flow hedge|||||||321,039|| ## ## ## ##