##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|expectations
using fin
as follows:|ancial
an|d non-financial
measures.|The most significant KPIs|used by the Gro|
|---|---|---|---|---|
||||2022|2021|
|Grants and donations
Net rental income|paid out||63.6 million
$,1.8 million|Z3.6million
$1.3 million|
|Dividend
income|||g0.5 million|60.5 million|
|Quoted and other investments||at fair value|$18.3 mfllion|I,17.3 million|
|Investment
property|at fair value||f1150 million|f117.8million|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2022||2021||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Funds|Unrestricted|Funds|
||||Note|r.'000|S'000|0'000|S'000|
|Income and Endowments|from:|||||||
|Donations
and Grants Received|||||1,253||1,253|
|Investments:||||||||
|Income from Fixed Asset Investments|||||525||510|
|Interest Receivable and|Similar|||||||
|Charges|||||I||501|
|Rents and Charges Receivable|||||7,272||6,830|
|Total Income|||||9,051||9,094|
|Expenditure
on:||||||||
|Raising Funds:||||||||
|Property Outgoings||||(5,445)||(5,543)||
|Interest Payable and Similar Charges||||(226)||(5)||
|Investment
Management|Costs|||(97)||(92)||
|Charitable
Activities:||||||||
|Grants and Donations||||(3,597)||(3,607)||
|Payments
from Special|Projects|Fund||(209)||(740)||
|Expenditure
Relating to|Properties|||||||
|Held for Charitable
Purposes||||(115)||(284)||
|Other:||||||||
|Governance
Costs||||(53)||(25)||
|Total Expenditure|||||(9,742)||(10,296)|
|NET (EXPENDITURE)/INCOME||||||||
|BEFOREGAINS||||||||
|ON INVESTMKNTS|||||(691)||(1,202)|
|Net Gains on Investments:||||||||
|Disposal ofInvestment|Property|||277||324||
|Valuation ofInvestment|Property||10|(2,799)||1,347||
|Valuation ofListed and|Other|||||||
|Investments|||10|936||2,341||
||||||(1,586)||4,012|
|NKT (EXPENDITURE)/INCOME||||||||
|BEFORETAX|||||(2,277)||2,810|
|Taxation|||||(3,831)||(219)|
|NET (OUTGOING)/INCOME||FOR||||||
|YEAR AND NKT MOVEMENT IN||||||||
|FUNDS|||||(6,108)||2,591|
|Reconciliation
ofFunds:||||||||
|Total Funds Brought Forward|||||121,906||119,315|
|TOTAL FUNDS CARRIED||||||||
|FORWARD|||||115,798||121,906|
||||2022||2021||
|---|---|---|---|---|---|---|
|||Note|S'000|S'000|0'000|0'000|
|FIXEDASSETS|||||||
|Tangible Assets
Investments||9
10||825
133,253||826
135,114|
|||||134,078||135,940|
|CURRENT ASSETS|||||||
|Debtors||11|15,093||16,156||
|Cash at Bank and in Hand|||12,125||2,804||
||||27,218||18,960||
|CREDITORS: Amounts|falling due||||||
|within one year||12|(22,131)||(13,642)||
|NKT CURRENT ASSETS||||5,087||5,318|
|TOTAL ASSETSLESS|CURRENT||||||
|LIABILITIES||||139,165||141,258|
|CREDITORS: Amounts|falling due||||||
|after more than one year||13||(4,661)||(4,474)|
|PROVISIONS||14||(18,706)||(14,878)|
|TOTAL NET ASSETS||||115,798||121,906|
|UNRESTRICTED FUNDS|||||||
|Designated
Funds||16||2,187||1,896|
|Other Charitable
Funds||16||59,177||56,949|
|Non-Charitable
Funds||16||54,434||63,061|
|TOTAL UNRESTRICTED FUNDS||||115,798||121,906|
##
##
##
||
BALANCE S|HEET|ASAT 31MA|RCH 2022|||
|---|---|---|---|---|---|---|
||||2022||2021||
|||Note|S'000|K'000|U000|S'000|
|FIXEDASSETS|||||||
|Tangible Assets||9||825||826|
|Investments||10||101,590||108,602|
|||||102,415||109,428|
|CURRENT ASSETS|||||||
|Debtors||11|11,284||17,729||
|Cash at Bank and in Hand|||11,507||1,781||
||||22,791||19,510||
|CREDITORS: Amounts|falling due||||||
|within one year||12|(4,747)||(2,558)||
|NET CURRENT ASSETS||||18,044||16,952|
|TOTAL ASSETSLESS|CURRENT||||||
|LIABILITIES||||120,459||126,380|
|CREDITORS: Amounts|falling due||||||
|after more than one year||13||(4,661)||(4,474)|
|TOTAL NET ASSETS||||115,798||121,906|
|UNRESTRICTED FUNDS|||||||
|Designated
Funds||16||2,187||1,896|
|Other Charitable
Funds||16||113,611||120,010|
|TOTAL UNRESTRICTED FUNDS||||115,798||121,906|
##
##
|||2022||2021||
|---|---|---|---|---|---|
|||Unrestricted|Funds|Unrestricted|Funds|
||Note|UOOO|0'000|0'000|POOO|
|Cash Flows from Operating
Activities:||||||
|Net Cash from Operating
Activities|24|7,992||(2,234)||
|TaxRecovered||6||(7)||
|Net Cash from/(used
in) Operating||||||
|Activities|||7,998||(2,241)|
|Cash Flows from Investing
Activities||||||
|Dividends,
Interest
and Rents from||||||
|Investments||1,306||1,113||
|Proceeds from Sale of Investments||277||324||
|Net Cash Provided
by Investing
Activities|||1,583||1,437|
|Cash Flows from Financing
Activities||||||
|Repayments
ofBorrowing||(27)||(37)||
|Interest Paid||(9)||(5)||
|Net Cash Used in Financing
Activities|||(36)||(42)|
|CHANGE IN CASH AND CASH||||||
|EQUIVALENTS IN THE YEAR|||9,545||(846)|
|CASH AND CASH EQUIVALENTS||||||
|AT 1APRIL 2021|||2,771||3,118|
|CHANGE IN CASH AND CASH||||||
|EQUIVALENTS DUE TO||||||
|EXCHANGE RATE MOVEMENTS|||(217)||499|
|CASH AND CASH EQUIVALENTS||||||
|AT31MARCH 2022|25||12,099||2,771|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|INTEREST PAYABLE|||
|---|---|---|
||2022|2021|
||P000|0'000|
|Bank Charges and Interest|10||
|Losses on Foreign Exchange|216||
||226||
##
##
##
##
##
|2022|2021|
|---|---|
|U000|s'000|
|3,597|3,607|
|The composition ofdonat|ions
is shown below.||
|---|---|---|
|||s'000|
|Bobov Cheder Trust||1,024|
|Amud Hatzedoka
Trust||555|
|Beth Jacob Grammar
School For Girls Limited||540|
|Chevras Maoz Ladal||145|
|Kollel Torah Veyirah Limited||106|
|Kahal Chasidim
Bobov||90|
|Chibas Yerushalayim
Kollel||62|
|Mercaz Hatorah Netzach|Yisroe1|49|
|Bobov Foundation F.O.||42|
|The Friends OfYeshivas|Brisk|34|
|Slabodka Yeshiva Trust||32|
|Gateshead
Talmudical
College||31|
|Yad Eliezer||27|
|Torah Temimoh
Primary|School|25|
|Other donations||835|
|||3,597|
##
##
||||2022|2021|
|---|---|---|---|---|
||||s'000|OOOO|
|Auditors'|Remuneration||33|18|
|Legal and|Professional|Fees|19|6|
|Depreciation|||1|1|
||||53|25|
##
##
##
|NET INCOME/(E
This is stated after|XPENDITURE)
BEFORETA
charging:|X||
|---|---|---|---|
|||2022|2021|
|||a'000|s'000|
|Depreciation||I|I|
|Auditors'
Remuneration:||||
|Audit Fees||110|110|
|Other Professional|Services|14|4|
##
##
##
##
|||2022|2021|
|---|---|---|---|
|||s'000|a'000|
|Deferred|tax:|||
|Origination|and reversal oftiming differences|(869)|219|
|Impact of|change in tax rate|4,700||
|Taxation||3,831|219|
##
|tax in the UK of19%(2021|:19|%)by reference to the analysis below.|||
|---|---|---|---|---|
||||2022|2021|
||||s'000|a'000|
|Net income before tax|||(2,277)|2,810|
|Net income by rate oftax
Income exempt from tax
Expenses not deductible
for|tax|purposes|(434)
(481)
10|534
(507)
(I)|
|Timing difference on unrealised||gains|(208)|I|
|Utilisation oflosses brought|forward||(8)||
|Effect oftiming differences|on|Gift Aid||(5)|
|Impact on change in tax rate
Other differences|||4,700
252|197|
|Taxation|||3,831|219|
##
##
##
##
##
##
##
##
|TANGIBLE FIXEDASSETS
Group and Company||
|---|---|
||Property|
||Held for use|
||by Charity|
||&000|
|Freehold Properties at Cost||
|At 1 April 2021|880|
|Additions||
|At 31March 2022|880|
|Depreciation||
|At 1 April 2021|54|
|Charge for Year|1|
|At 31March 2022|55|
|Net BookValue||
|At 31March 2022|825|
|At 31March 2021|826|
##
##
##
##
|INVESTMENTS||||||||
|---|---|---|---|---|---|---|---|
|||Long||||||
||Freehold|Leasehold|Listed||Other|||
|Group|Properties
OOOO|Properties
0'000|Investments
0'000||Investments
0'000|Total
0'000||
|FAIR VALUE||||||||
|At 1 April 2021|104,832|12,962|||17,318|135,114||
|Revaluation|(3,253)|456|||936|(1,861)||
|At31March 2022|101,579|13,418|||18,254|133,253||
||||||Investments|||
|||Long|||in|||
||Freehold|Leasehold|Listed||Subsidiary|Other||
|Company|Properties|Properties|Investments||Undertakings|Investments|Total|
||&000|0'000|0'000||0'000|UOOO|0'000|
|FAIR VALUE||||||||
|At 1 April 2021
Revaluation|27,712
631|922
70||2|63,061
(8,627)|16,905
914|108,602
(7,012)|
|At 31March 2022|28,343|992||2|54,434|17,819|101,590|
##
##
##
##
##
##
||FORTHE YEAR ENDED 3|1MARCH 2022||
|---|---|---|---|
|||Company|Percentage|
|||Number|Holding|
|lndirectl|Held Subsidiaries|||
|Brigade|Properties Limited|00730498|100|
|Delbast|Corporation
(USA)|n/a|100|
|Kayville|Properties Limited|00754315|100|
|LKB(Endsleigh)
Limited||09486023|100|
|Owen Cooper (Properties) Limited||00629014|100|
|he aggregate
amount ofas
s follows:|sets,|liabilities
and fun|ds ofthe s|ubsidiary
und|ertakings
ar|
|---|---|---|---|---|---|
||||||Capital
ter|
||||Assets|Liabilities|Reserves|
||||s'000|s'000|UOOO|
|Bastion Products Limited|||4,937|(3,063)|1,874|
|Brigade Properties
Limited|||1,998|(520)|1,478|
|Charles Development
Company||Limited|651|(94)|557|
|Cherry Orchard Properties|Limited||2,111|(1,275)|836|
|Endsleigh
Court Services Limited|||704|(5)|699|
|Kayville Properties
Limited|||532|(156)|376|
|LKBInvestments
Limited|||77,503|(34,980)|42,523|
|LKB (Endsleigh)
Limited|||228|(608)|(380)|
|Metropolitan
Properties Co (Cloisters) Limited|||8,070|(4,606)|3,464|
|Newprop
Company
Limited|||8,384|(5,827)|2,557|
|Owen Cooper (Properties)|Limited||323|(1)|322|
##
##
|each op|er|ational
s|ubsidiary
und|ertaking.||||
|---|---|---|---|---|---|---|---|
||||||Charles|Cherry|Endsleigh|
||||Bastion|Brigade|Development|Orchard|Court|
||||Products|Properties|Company|Properties|Services|
||||Limited|Limited|Limited|Limited|Limited|
||||OOOO|8'000|8'000|8'000|8'000|
|Turnover|||155|54|13|97|I|
|Cost ofsales|||(144)|(7)||(56)|(3)|
|Administrative||||||||
|expenses|||(12)|(5)|(2)|(7)|(4)|
|Net valuation
gains||on||||||
|investment
properly|||(74)|(15)||(3)||
|Net valuation
gains||on||||||
|listed investments|||||22|||
|Profit / (loss) on|disposal of|||||||
|investment
property|||84|||||
|Interest receivable||||||||
|and similar income||||||||
|Interest payable
similar charges|and||(59)|9||17')||
|Profit before tax|||(50)|18|33|14|(7)|
|Taxation|||166|(66)|(26)|(126)|I|
|Profit for financial||year|(216)|(48)|7|(112||
|||||||Metropohtan||
||||Kayville|LKB|LKB|Properties Co|Newprop|
||||Properties|Iavestments|(Endsleigh)|(Cloisters)|Company|
||||Limited|Limited|Limited|Limited|Limited|
||||8'000|OOOO|8'000|0'000|8'000|
|Turnover|||25|3,118|69|214|348|
|Cost ofsales|||(13)|(3,748)|(224)|(91)|(282)|
|Administrative||||||||
|expenses|||(2)|(32)|(6)|(12)|(15)|
|Net valuation
gains||on||||||
|investment
property||||(3.641)||585|(352)|
|Profit on disposal of||||||||
|investment
property||||152||||
|Interest receivable||and||||||
|similar income||||||||
|Interest payable
similar charges|and|||(1.058)||(138|82|
|Profit before tax|||10|(5,208)|(162)|558|(383)|
|Taxation|||(31)|(2.508)|31|(519)|(365)|
|Profit for financial||year|(21)|(7.716)|(131)|39|(748)|
##
##
##
|DEBTORS|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Group||Company||
||||||||2022|2021|2022|2021|
|||||||Note|S'000|F000|S'000|S'000|
|Amount
owed
undertakings|by subsidiary|||||lla|||9,469|15,019|
|Amounts
due|from|connected|||||||||
|undertakings||||||lib|11,558|11,486|71|1,185|
|Loan debtors|(charitable||purposes)||||3|3|3|3|
|Rental debtors|||||||2,313|1,192|989|291|
|Other debtors|||||||1,219|3,475|752|1,231|
||||||||15,093|16,156|11,284|17,729|
|All debtors are interest-free|||||and repayable||on demand except as disclosed below.||||
|Amounts
due|from|Subsidiary||||Undertakings|comprise the|following:|||
||||||||||2022|2021|
||||||||||S'000|S'000|
|Loan debtors|||||||||9,469|14,135|
|Accrued loan|interest|||||||||884|
||||||||||9,469|15,019|
||||||||Loan Debtor||Accrued Loan|Interest|
||||||||2022|2021|2022|2021|
||||||||S'000|S'000|S'000|S'000|
|Bastion Products Limited|||||||618|721||62|
|Cherry Orchard Properties||||Limited|||216|216||57|
|LKBInvestments||Limited|||||6,767|10,367||343|
|Metropolitan|Properties Co||||(Cloisters)||||||
|Limited|||||||1,079|1,722||358|
|Newprop
Company||Limited|||||681|1,001||64|
|Brigade Properties||Limited|||||108|108|||
||||||||9,469|14,135||884|
##
##
##
##
|DEBTORS(cont'd|)|||||
|---|---|---|---|---|---|
||||Group|Company||
|||2022|2021|2022|2021|
|||s'000|s'000|s'000|%'000|
|Freshwater
Property|Management|||||
|Limited||10,060|8,454|||
|Estate ofOM and NG Freshwater||394|394|||
|Highdorn
Co.Limited||1,104|2,375|71|937|
|Mayfair Charities Limited|||248||248|
|Haysgrans
Property|Co. Limited||15|||
|||11,558|11,486|71|1,185|
|CREDITORS: AMOUNTS FALLING||DUE WITHIN ONE YEAR||||
||||Group|Company||
|||2022|2021|2022|2021|
|||s'000|P000|U000|U000|
|Bank loans &overdratts||26|33|26|33|
|Amounts
owed to connected||||||
|undertakings|12a|17,287|8,924|2,030|30|
|Taxation and social|security|149|143|149|143|
|Rent in advance||2,273|2,199|971|776|
|Other creditors and|accruals|2,396|2,343|1,571|1,576|
|||22,131|13,642|4,747|2,558|
##
##
##
|||||Group||Company||
|---|---|---|---|---|---|---|---|
||||2022||2021|2022|2021|
||||U000||s'000|s'000|s'Ow|
|Highdorn|Co.Limited||17,246||8,881|2,013||
|Mayfair Charities||Limited|17|||17||
|Freshwater|Property Management|||||||
|Limited|||24||43||30|
||||17,287||8,924|2,030|30|
##
##
##
##
|CREDITORS: AMOUNTS FALLING DUE AFTER MOR
Group and Company|E THAN ONE YEA|R|
|---|---|---|
||2022|2021|
||P000|0'000|
|Mortgage Advance||27|
|Other Cieditors|4,661|4,447|
||4,661|4,474|
|Amounts
are payable as follows:|||
|In more than one year but not more than two years|4,661|33|
|In more than two years but not more than five years||4,441|
||4,661|4,474|
##
|The movement
in the deferred taxati|on provision
during the year|was:||
|---|---|---|---|
||Investment|Listed||
|Group|Property|Investments|Total|
||S'000|K'000|S'000|
|At 1 April 2021|14,813|65|14,878|
|Charge during the year|3,802|26|3,828|
|At 31March 2022|18,615|91|18,706|
##
##
|status on the basis all income and gains will be applied sol
OPERATING LEASES
As Lessor
The total future minimum
lease payments
receivable under
follows:|ely for qualifying
charitabl
non-cancellable
operating|e purposes
leases are|
|---|---|---|
||2022|2021|
||I'000|K'000|
|Not later than I year|3,144|2,606|
|Later than I year and not later than 5years|8,757|7,756|
|Later than 5 years|12,643|13,525|
||24,544|23,887|
##
##
##
|||||Other|Non||
|---|---|---|---|---|---|---|
||||Designated|Charitable|Charitable|Total|
|Group|||Funds|Funds|Funds|Funds|
||||s'000|U000|K'000|K'000|
|Balance at 1 April|2021||1,896|56,949|63,061|121,906|
|Net income/(expenditure)||for the|||||
|Year|||(209)|2,728|(8,627)|(6,108)|
|Transfer between|funds||500|(500)|||
|Balance at 31March 2022|||2,187|59,177|54,434|115,798|
|Non Charitable
F
distribution.|unds
incl|udes
258,368,00|0 of unrealised
profits
|which are no|t available
f|
|---|---|---|---|---|---|
|||||Other||
||||Designated|Charitable||
|Company|||Funds|Funds|Total Fund!|
||||s'000|s'000|s'000|
|Balance at 1 April|2021||1,896|120,010|121,906|
|Net income/(expenditure)||for the||||
|year|||(209)|(5,899)|(6,108)|
|Transfer between|funds||500|(500)||
|Balance at 31 March 2021|||2,187|113,611|115,798|
##
||||Net|||
|---|---|---|---|---|---|
|||Fixed|Current|Long Term||
|Group||Assets|Assets|Liabilities|Total|
|||K'000|s'000|K'000|s'000|
|Unrestricted|Income Funds|134,078|5,087|(23,367)|115,798|
|Total Funds||134,078|5,087|(23,367)|115,798|
##
##
##
##
|ANALYSIS|OF NET ASSETSB|ETWEEN FUNDS|(cont'd)|||
|---|---|---|---|---|---|
||||Net|||
|||Fixed|Current|Long Term||
|Company||Assets|Assets|Liabilities|Total|
|||s'Ow|s'000|K'000|I'000|
|Unrestricted|Income Funds|102,415|18,044|(4,661)|115,798|
|Total Funds||102,415|18,044|(4,661)|115,798|
##
##
##
##
||||||Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|||||s'000|s'000|K'000|s'Ow|
|Financial|assets|measured
at|fair|||||
|value through
income and||||||||
|expenditure:||||||||
|Listed investments||(see Note 10)||2|2|2|2|
|Other investments||(see Note 10)||18,254|17,318|17,819|16,905|
|Investment|in Subsidiary
Undertakings|||||||
|(see Note|10)|||||54,434|63,061|
|Financial|assets|measured
at||||||
|amortised|cost (see Note 11)|||15,093|16,156|11,284|17,729|
|Financial|liabilities measured||at|||||
|amortised|cost (see Notes 12||and 13)|26,792|18,116|9,408|7,032|
##
##
##
##
|||At||Non-cash||At|
|---|---|---|---|---|---|---|
|||1Apr 2021|Cash flows|movements|31|Mar 2022|
|||g'000|X'000|K'000||F000|
|Cash|in hand and at bank|2,804|9,321|||12,125|
|Debt|due within one year|(33)|7|||(26)|
|Debt|due after one year|(4,474)|27|(214)||(4,661)|
|||(1,703)|9,355|(214)||7,438|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||4'000|K'000|
|Bastion|Products Limited|||58|72|
|Cherry Orchard Properties|||Limited|17|22|
|LKBInvestments||Limited||676|629|
|Metropolitan
Properties Co (Cloisters) Limited||||138|147|
|Newprop|Company|Limited||80|74|
|Brigade|Properties|Limited||9|9|
|||||978|953|
##
##
##
##
##
##
##
##
##
##
##
##
|RECONCILIATION
OF NET
ACTIVITIES|INCOME TO|NET CASH|USED IN OPER|ATING|
|---|---|---|---|---|
||||2022|2021|
||||a'000|s'000|
|Net (expenditure)/income
for the|year||(6,108)|2,591|
|Adjustments
for:|||||
|Depreciation
charges|||1|1|
|Gains/(losses)
on investments|||1,586|(4,012)|
|Dividends,
interest
and rents from investments|||(2,127)|(2,565)|
|Increase/(decrease)
in Donations|and Designated|Fund|||
|Provisions||||12|
|(Increase)/decrease
in debtors|||2,184|(125)|
|Increase/(decrease)
in creditors|||8,628|1,648|
|Increase/(decrease)
in provisions|for liabilities||3,828|216|
|Net cash used in operating
activities|||7,992|(2,234)|
|ANALYSIS OF CASH AND CASH EQUIVALENTS|||||
||||2022|2021|
||||P000|s'000|
|Cash at Bank and in Hand|||12,125|2,804|
|Bank Overdraft
and Short-Term Bank Loans|||(26)|(33)|
|Total cash and cash equivalents|||12,099|2,771|
#
##
##
##
||||2022||2021|
|---|---|---|---|---|---|
|||s'000|k'000|s'000|Uoeo|
|Income and Endowments|from:|||||
|Donations
and Grants Received|||1,253||2,103|
|Investments:||||||
|Income from Fixed Asset Investments|||512||498|
|Interest Receivable and|Similar|||||
|Charges|||979||1,454|
|Rents and Charges Receivable|||3,353||2,662|
|Total Income|||6,097||6,717|
|Expenditure
on:||||||
|Raising Funds:||||||
|Property Outgoings||(1,039)||(1,103)||
|Interest Payable and Similar Charges||(221)||(3)||
|Charitable
Activities:||||||
|Grants and Donations||(3,597)||(3,607)||
|Payments
from Special|Projects Fund|(209)||(740)||
|Expenditure
Relating to|Properties|||||
|Held for Charitable
Purposes||(115)||(284)||
|Other:||||||
|Governance
Costs||(53)||(25)||
|Total Expenditure|||(5,234)||(5,762)|
|NET INCOME/(EXPENDITURE)||||||
|BEFOREGAINS||||||
|ON INVESTMKNTS|||863||955|
|Net Gains on Investments:||||||
|Disposal ofInvestment|Property|41||||
|Valuation ofInvestment|Property|701||264||
|Valuation ofListed and|Other|||||
|Investments||(7,713)||1,372||
||||(6,971)||1,636|
|NET (EXPENDITURE)/INCOME||||||
|FORTHK YEAR AND|NET|||||
|MOVEMENT IN FUNDS|||(6,108)||2,591|
|Reconciliation ofFunds:||||||
|Total Funds Brought Forward|||121,906||119,315|
|TOTAL FUNDS CARRIED||||||
|FORWARD|||115,798||121,906|
##
##
##
||2022||2021||
|---|---|---|---|---|
||Unrestricted|Funds|Unrestricted|Funds|
||P000|0'000|U000|0'000|
|Rents and Other Charges Receivable||3,353||2,662|
|Less: Property
Outgoings|||||
|Ground Rent Payable|298||421||
|General and Water Rates|67||30||
|Insurance|54||41||
|Repairs and Maintenance|292||374||
|Lighting
and Heating|104||86||
|Porterage and Cleaning|94||59||
|Legal and Professional
Charges|75||18||
|Management
and Letting Commission|55||74||
|||(1,039)||(1,103)|
|NET PROPERTY SURPLUS||2,314||1,559|