##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|expectations
using fin
as follows:|ancial
and non-financial
meas|ures.
The most significant KPIs|used by the Gro|
|---|---|---|---|
|||2023|2022|
|Grants and donations
Net rental income|paid out|I5.4 million
I2.0million|g3.6 million
II.g million|
|Dividend
income||g0.5 million|E0.5 million|
|Quoted and other investments
Investment
property
at fair value||f16.9million
g110.9million|f22 3 million
61150 million|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||FORTHK YE|AR EN|DED 31MAR|CH 2|023|||
|---|---|---|---|---|---|---|---|
||||2023|||2022||
||||Unrestricted|Funds||Unrestricted|Funds|
|||Note|S'000|0'000||0'000|0'000|
|Income and Endowments|from:|||||restated|restated|
|Donations
and Grants Received||||1,357|||1,253|
|Investments:||||||||
|Income from Fixed Asset Investments||||543|||525|
|Interest Receivable and|Similar|||||||
|Charges
Rents and Charges Receivable||||4
7,598|||I
7,272|
|Total Income||||9,502|||9,051|
|Expenditure
on:||||||||
|Raising Funds:
Property
Outgoings|||(5,347)|||(5,445)||
|Interest Payable and Similar Charges|||(315)|||(226)||
|Investment
Management|Costs||(90)|||(97)||
|Charitable
Activities:||||||||
|Grants and Donations|||(5,351)|||(3,597)||
|Payments
from Special|Projects Fund||(618)|||(209)||
|Expenditure
Relating to|Properties|||||||
|Held for Charitable
Purposes|||(110)|||(115)||
|Other:||||||||
|Governance
Costs|||(49)|||(53)||
|Total Expenditure||||(11,880)|||(9,742)|
|NET EXPENDITURE||||||||
|BEFOREGAINS/(LOSSES)||||||||
|ON INVESTMENTS||||(2,378)|||(691)|
|Net Gains/(Losses)
on Investments:||||||||
|Share ofProfit/(Loss) ofAssociate||10|747|||(5)||
|Disposal of Investment|Property||175|||277||
|Valuation ofInvestment|Property|10|(7,195)|||(2,799)||
|Valuation ofListed and|Other|||||||
|Investments||10|(6,083)|||936||
|||||(12,356)|||(1,591)|
|NET EXPENDITURE BEFORE TAX||5||(14,734)|||(2,282)|
|Taxation|||||743||(3,831)|
|NET OUTGOING FORYEAR AND||||||||
|NET MOVEMENT IN FUNDS||||(13,991)|||(6,113)|
|Reconciliation
ofFunds:||||||||
|Total Funds Brought Forward||||119,821|||125,934|
|TOTAL FUNDS CARRIED||||||||
|FORWARD||||105,830|||119,821|
##
||||2023||2022||
|---|---|---|---|---|---|---|
|||Note|0'000|0'000|0'000|0'000|
|FIXEDASSETS|||||restated|restated|
|Tangible Assets
Investments||9
10||823
127,831||825
137,276|
|||||128,654||138,101|
|CURRENT ASSETS|||||||
|Debtors||11|19,414||15,093||
|Cash at Bank and in Hand|||4,131||12,125||
||||23,545||27,218||
|CREDITORS: Amounts|falling due||||||
|within one year||12|(23,436)||(22,131)||
|NET CURRENT ASSETS||||109||5,087|
|TOTAL ASSETSLESS|CURRENT||||||
|LIABILITIES||||128,763||143,188|
|CREDITORS: Amounts|falling due||||||
|after more than one year||13||(4,969)||(4,661)|
|PROVISIONS||14||(17,964)||(18,706)|
|TOTAL NET ASSETS||||105,830||119,821|
|UNRESTRICTED FUNDS|||||||
|Designated
Funds
Other Charitable
Funds||16
16||1,569
46,702||2,187
59,177|
|Non-Charitable
Funds||16||57,559||58,457|
|TOTAL UNRESTRICTED FUNDS||||105,830||119,821|
##
||||2023||2022||
|---|---|---|---|---|---|---|
|||Note|0'000|S'000|S'000|U000|
|FIXEDASSETS|||||restated|restated|
|Tangible Assets
Investments||9
10||823
97,039||825
105,613|
|||||97,862||106,438|
|CURRENT ASSETS|||||||
|Debtors||11|12,503||11,284||
|Cash at Bank and in Hand|||3,365||11,507||
||||15,868||22,791||
|CREDITORS: Amounts|falling due||||||
|within one year||12|(2,930)||(4,747)||
|NET CURRENT ASSETS||||12,938||18,044|
|TOTAL ASSETSLESS|CURRENT||||||
|LIABILITIES||||110,800||124,482|
|CREDITORS: Amounts
after more than one year|falling due|13||(4,969)||(4,661)|
|TOTAL NKT ASSETS||||105,831||119,821|
|UNRESTRICTED FUNDS|||||||
|Designated
Funds
Other Charitable
Funds||16
16||1,569
104,262||2,187
117,634|
|TOTAL UNRESTRICTED FUNDS||||105,831||119,821|
|||2023||2022||
|---|---|---|---|---|---|
|||Unrestricted|Funds|Unrestricted|Funds|
||Note|0'000|0'000|0'000|UOOO|
|Cash Flows from Operating
Activities:||||||
|Net Cash from Operating
Activities|24|(6,603)||7,992||
|Tax Recovered||(59)||6||
|Net Cash from/(used
in) Operating||||||
|Activities|||(6,662)||7,998|
|Cash Flows from Investing
Activities||||||
|Dividends,
Interest and Rents from||||||
|Investments||1,921||1,306||
|Proceeds from Sale of Investments||175||277||
|Purchase ofInvestments||(3,087)||||
|Net Cash Provided
by Investing
Activities|||(991)||1,583|
|Cash Flows from Financing
Activities||||||
|Repayments
ofBorrowing||||(2/)||
|Interest Paid||||(9)||
|Net Cash Used in Financing
Activities|||(8)||(36)|
|CHANGE IN CASH AND CASH||||||
|EQUIVALENTS IN THE YEAR|||(7,661)||9,545|
|CASH AND CASH EQUIVALENTS||||||
|AT 1APRIL 2022|||12,099||2,771|
|CHANGE IN CASH AND CASH||||||
|EQUIVALENTS DUE TO||||||
|EXCHANGE RATE MOVEMENTS|||(307)||(217)|
|CASH AND CASH EQUIVALENTS||||||
|AT 31MARCH 2023|25||4, 131||12,099|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|INTEREST PAYABLE|||
|---|---|---|
||2023|2022|
||K'000|C000|
|Bank Charges and Interest
Losses on Foreign Exchange|8
307|10
216|
||315|226|
##
##
##
##
##
|2023|2022|
|---|---|
|U000|S'000|
|5,351|3,597|
|The composition ofdonations|is|shown below.||
|---|---|---|---|
||||S'000|
|Beth Jacob Grammar
School|For Girls Limited||2,161|
|Bobov Cheder Trust|||663|
|Amud Hatzedoka
Trust|||269|
|Chibas Yerushalayim
Kollel|||216|
|Regent Charities Limited
Sassov Beis Hamderash|||235
120|
|Chevras Maoz Ladal|||77|
|Bobov Foundation F.O.|||47|
|New Rachmistrivke
Synagogue
Keren Shlomo Trust||Trust|43
36|
|Kahal Chassidim
Bobov|||34|
|WST Charity Limited
Chasdei Aharon Limited|||31
31|
|Federation ofSynagogues
Friends ofKeren Hashviis|||30
30|
|Yetev Lev London Jerusalem|Trust||29|
|Yesamach Levav Trust|||26|
|Other donations|||1,273|
||||5,351|
##
|||2023|2022|
|---|---|---|---|
|||U000|S'000|
|Auditors'|Remuneration|38|33|
|Legal and|Professional Fees|10|19|
|Depreciation||1|1|
|||49|53|
##
##
##
##
|NET INCOME/(E
This is stated after|XPENDITURE)
BEFORETA
charging:|X||
|---|---|---|---|
|||2023|2022|
|||s'000|s'000|
|Depreciation||||
|Auditors'
Remuneration:||||
|Audit Fees||120|110|
|Other Professional|Services|9|4|
##
##
|||2023|2022|
|---|---|---|---|
|||s'000|s'000|
|Deferred|tax:|||
|Origination
Impact of|and reversal oftiming differences
change
in tax rate|(743)|(869)
4,700|
|Taxation||(743)|3,831|
##
|tax in the UK of19%(20|22:|19|%)by reference to the a|nalysis below.||
|---|---|---|---|---|---|
|||||2023|2022|
|||||s'000|s'000|
|Net income before tax||||(14,734)|(2,282)|
|Net income by rate oftax
Income exempt from tax||||(2,799)
2,343|(434)
(481)|
|Expenses not deductible|for|tax|purposes|26|10|
|Timing difference
on unrealised|||gains|(210)|(208)|
|Utilisation oflosses brought||forward||(120)|(8)|
|Impact on change
in tax
Other differences|rate|||17|4,700
252|
|Taxation||||(743)|3,831|
##
##
##
##
##
##
##
##
##
##
##
|INVESTMENTS||||||||
|---|---|---|---|---|---|---|---|
|||Long||||||
||Freehold|Leasehold|Listed||Other|||
|Group|Properties
&000|Properties
0'000|Investments
0'000||Investments
p~ppp|Total
P'000||
|FAIR VALUE||||||||
|At 1 April 2022|101,579|13,418||2|22,277|137,276||
|Additions|3,087|||||3,087||
|Revaluation|(6,900)|(296)|||(5,336)|(12,532)||
|At31March 2023|97,766|13,122|||16,941|127,831||
||||||Investments|||
|||Long|||in|||
||Freehold|Leasehold|Listed||Subsidiary|Other||
|Company|Properties|Properties|Investments||Undertakings|Investments|Total|
||P'000|Uppp|P'000||P'000|P'000|P'000|
|FAIR VALUE||||||||
|At 1 April 2022|28,343|992|||58,457|17,819|105,613|
|Additions|2,800||||||2,800|
|Revaluation|(4,493)|(46)|||(897)|(5,938)|(11,374)|
|At31March 2023|26,650|946||2|57,560|11,881|97,039|
##
##
##
|ave certa|in directors
in com|mon|with the Compa|ny.||
|---|---|---|---|---|---|
|||||Company|Percentage|
|||||Number|Holding|
|Directl|Held Subsidiaries|||||
|Bastion|Products Limited|||00470283|100|
|Charles|Development
Company||Limited|00563142|100|
|Cherry Orchard Properties||Limited||00990596|100|
|Endsleigh
Court Services Limited||||00501255|100|
|LKBInvestments
Limited||||00631653|100|
|Metropolitan
Properties Co (Cloisters) Limited||||00954321|100|
|Newprop|Company
Limited|||00473750|100|
|||||Company|Percentage|
|||||Number|Holding|
|Indirecti|Held Subsidiaries|||||
|Brigade|Properties
Limited|||00730498|100|
|Delbast|Corporation
(USA)|||n/a|100|
|Kayvi lie Properties Limited
LKB (Endsleigh)
Limited||||00754315
09486023|100
100|
|Owen Cooper (Properties)||Limited||00629014|100|
##
##
##
|he aggregate
amount ofassets, liabilities
and fun
s follows:|ds ofthe s|ubsidiary
und|ertakings
are|
|---|---|---|---|
||||Capital A|
||Assets|Liabilities|Reserves|
||s'000|s'000|s'000|
|Bastion Products Limited|5,323|(3,420)|1,903|
|Brigade Properties
Limited
Charles Development
Company
Limited
Cherry Orchard Properties
Limited
Endsleigh
Court Services Limited
Kayville Properties
Limited
LKBInvestments
Limited|2,060
517
2,270
699
530
78,011|(544)
(57)
(1,325)
(141)
(37,227)|1,516
460
945
699
389
40,784|
|LKB (Endsleigh)
Limited
Metropolitan
Properties Co (Cloisters) Limited
Newprop
Company
Limited
Owen Cooper (Properties) Limited|196
7,870
8,530
323|(577)
(4,784)
(5,828)
(1)|(381)
3,086
2,702
322|
##
##
|each operational|subsidiary
und|ertaking.||||
|---|---|---|---|---|---|
||||Charles|Cherry|Endsleigh|
||Bastion|Brigade|Development|Orchard|Court|
||Products|Properties|Company|Properties|Services|
||Limited|Limited|Limited|Limited|Limited|
||OOOO|8'000|&000|8'000|OOOO|
|Turnover|413|54|13|108||
|Cost ofsales|(325)|(3)||(60)||
|Administrative||||||
|expenses|(13)|(5)|(2)|(6)||
|Net valuation
gains on
investment
property|12|13||116||
|Net valuation
losses on||||||
|listed investments|||(145)|||
|Profit on disposal of||||||
|investinent
property||||||
|Interest receivable||||||
|and similar income||||||
|Interest payable
and
similar charges|(50)|11||(17)|I)|
|Profit / (loss) before tax
Taxation|48
(19|48
(10)|(134)
37|141
32||
|Profit / (loss) for financial
year|29|38|(97)|109||
|||||Metropolitan||
||Kayville|LKB|LKB|Properties Co|Newprop|
||Properties|Investments|(Endsleigh)|(Cloisters)|Company|
||Limited|Limited|Limited|Limited|Limited|
||OOOO|g'000|6'000|OOOO|8'000|
|Turnover|25|3,673||229|391|
|Cost ofsales|(7)|(3,040)||(221)|(313)|
|Administrative||||||
|expenses|(2)|(34)||(13)|(16)|
|Net valuation
gains /||||||
|(losses) on
investment
properly||(2,488)||(404)|95|
|Profit on disposal of
investment
property||91|||73|
|Interest receivable
and||||||
|similar income||||||
|Interest payable
and
similar charges
Profit /(loss) before tax
Taxation|16
(3)|(392)
(2,186)
447||(86)
(495)
117|(55'I
175
(30)|
|Profit / (loss) for financial
year|13|(1.739)||(378)|145|
##
##
##
##
|10.|INVESTMENTS (cont'd)|INVESTMENTS (cont'd)|||||
|---|---|---|---|---|---|---|
|1)|The Group Financial Statements
did not consolidate
the results, nor the
Delbast
Corporation
in prior
years
as the financial
information
was||assets and liabilities of
not readily
available.||||
||Financial
information
relating to Delbast Corporation|has recently become available||||showing|
||that Delbast Corporation
owns a 20'/o interest in Metrobastion
Associates,|||aproperty|investment||
||company. As such, the prior year comparatives
have been restated on the Consolidated
Balance
Sheet to include
an investment
in associate of14,023,000 and a share ofloss ofassociate in the||||||
||Consolidated
Statement ofFinancial Activies of15,000.The unrestricted|||funds brought forward|||
||in 2022 have
been
increased
by g4,028,000. Delbast
Corporation
and
its operations
are
controlled
and carried out in North America by its directors. It's registered once address is 1651
Coney Island Avenue, Brooklyn, NY 11230.A summary ofthe Charity's
share ofthe Net Assets||||||
||ofDelbast Corporation
can be found below.||||||
||Group|2023
g'000||2022
g'000|||
||At the beginning ofthe year|4,023||4,028|||
||Share ofprofit/(loss)
from associate|270||(38)|||
||Dividends
Received|||(2)|||
||Foreign currency translation|477||35|||
||Investment
in associated
undertaking|4,770||4,023|||
|11.|DEBTORS||||||
||Group|||Company|||
||2023|2022||2023||2022|
||Note
S'000|OOOO||0'000||0'000|
||Amount
owed by subsidiary
undertakings|||9,419||9,469|
||Amounts
due from connected||||||
||undertakings
11b
14,136|11,558||789||71|
||Loan debtors (charitable
purposes)
Rental debtors
87
3,596|3
2,313||87
1,500||3
989|
||Other debtors
1,595|1,219||708||752|
||19,414|15,093||12,503||11,284|
##
##
##
|Amounts|due from|Subsidia|ry
Undertakings
comprise th|e following:||
|---|---|---|---|---|---|
|||||2023|2022|
|||||s'000|s'000|
|Loan debtors||||9,419|9,469|
|||||9,419|9,469|
|||||Loan|Debtor|
|||||2023|2022|
|||||s'000|s'000|
|Bastion|Products Limited|||618|618|
|Brigade Properties
Limited
Cherry Orchard Properties
LKBInvestments
Limited|||Limited|108
216
6,717|108
216
6,767|
|Metropolitan
Properties
Co (Cloisters)
Limited||||1,079|1,079|
|Newprop|Company|Limited||681|681|
|||||9,419|9,469|
|comprise b
effectively|alances due on property
man
repayable
on demand.|agement
curre|nt account which|are interest free|and a|
|---|---|---|---|---|---|
||||Group|Company||
|||2023|2022|2023|2022|
|||Uooo|U000|s'000|s'000|
|Freshwater|Property Management|||||
|Limited||11,954|10,060|||
|Estate ofOM and NG Freshwater||390|394|||
|Highdorn|Co. Limited|1,792|1,104|789|71|
|||14,136|11,558|789|71|
##
##
##
##
|CREDI|TORS: AMOUNTS F|ALLING D|UE WITH|IN ONE YEA|R|R|
|---|---|---|---|---|---|---|
|||||Group|Company||
||||2023|2022|2023|2022|
||||0'000|a'000|a'000|S'000|
|Bank loans 8i overdrails||||26||26|
|Amounts|owed to connected||||||
|undertakings
Taxation and social security||12a|17,786
90|17,287
149|2
90|2,030
149|
|Rent in|advance||2,680|2,273|1,053|971|
|Other creditors and accruals|||2,880|2,396|1,785|1,571|
||||23,436|22,131|2,930|4,747|
##
||||||Group|Company||
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||S'000|a'000|0'000|S'000|
|Highdorn
Co. Limited
Mayfair Charities
Limited||||17,784
2|17,246
17|2|2,013
17|
|Freshwater|Property||Management|||||
|Limited|||||24|||
|||||17786|17287|2|2,030|
##
##
|CREDI
Group|TORS; AMOUNTS FALLING DUE AFTER MOR
and Company|E THAN ONE YEA|R|
|---|---|---|---|
|||2023|2022|
|||S'000|0'000|
|Other Creditors||4,969|4,661|
|||4,969|4,661|
|Amounts|are payable as follows:|||
|In more|than one year but not more than two years||4,661|
|In more|than two years but not more than five years|||
|In five years or more||4,969||
|||4,969|4,661|
##
##
##
##
|The movement
in the deferred taxatio|n provision
during the year|was:||
|---|---|---|---|
||Investment|Listed||
|Group|Property
P000|Investments
K'000|Total
I'000|
|At 1 April 2022
Charge during the year|18,615
(705)|91
(37)|18,706
(742)|
|At 31March 2023|17,910|54|17,964|
##
##
|follows:||||
|---|---|---|---|
|||2023|2022|
|||K'000|U000|
|Not later than
1 year
Later than
1 year and not later than 5 years
Later than 5 years||3,189
8,228
11,592|3,144
8,757
12,643|
|||23,009|24,544|
##
|UNRESTRICTED INCO|ME FUN|DS||||
|---|---|---|---|---|---|
||||Other|Non||
|||Designated|Charitable|Charitable|Total|
|Group||Funds
L'000|Funds
S'000|Funds
S'000|Funds
&000|
|Balance at 1 April 2022||2,187|59,177|58,457|119,821|
|Net income/(expenditure)
Year|for the|(618)|(12,475)|(898)|(13,991)|
|Balance at 31March 2023||1,569|46,702|57,559|105,830|
##
##
##
||||||Other||
|---|---|---|---|---|---|---|
|||||Designated|Charitable||
|Company||||Funds|Funds|Total Fund~|
|||||I'000|U000|U000|
|Balance at 1|April 2022|||2,187|117,634|119,821|
|Net income/(expenditure)||for the|||||
|year||||(618)|(13,372)|(13,990)|
|Balance at 31March 2023||||1,569|104,262|105,831|
|ANALYSIS|OF NET ASSETS||BETWEEN FUNDS||||
|||||Net|||
||||Fixed|Current|Long Term||
|Group|||Assets|Assets|Liabilities|Total|
||||I'000|s'000|I'000|r.'000|
|Unrestricted|Income Funds||128,654|109|(22,933)|105,830|
|Total Funds|||128,654|109|(22,933)|105,830|
|||||Net|||
||||Fixed|Current|Long Term||
|Company|||Assets|Assets|Liabilities|Total|
||||U000|K'000|p000|K'000|
|Unrestricted|Income Funds||97,862|12,938|(4,969)|105,831|
|Total Funds|||97,862|12,938|(4,969)|105,831|
##
##
##
##
##
##
##
##
|||||Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||OOOO|K'OOO|COOO|K'OOO|
|Financial|assets measured
at|fair|||||
|value through
income and|||||||
|expenditure:|||||||
|Listed investments
(see Note 10)
Other investments
(see Note 10)|||2
16,941|2
22,277|2
11,881|2
17,819|
|Investment|in Subsidiary
Undertakings||||||
|(see Note|10)||||57,560|58,457|
|Financial|assets measured
at||||||
|amortised|cost (seeNote 11)||19,414|15,093|12,503|11,284|
|Financial|liabilities measured|at|||||
|amortised|cost (see Notes 12|and 13)|28,405|26,792|7,899|9,408|
##
##
##
##
##
|he Company
had the followi|ng
interest receivable from subsi|diary
undertakings:||
|---|---|---|---|
|||2023|2022|
|||S'000|S'000|
|Bastion Products
Limited||49|58|
|Brigade Properties
Limited
Cherry Orchard Properties
LKBInvestments
Limited|Limited|9
17
391|9
17
676|
|Metropolitan
Properties Co (Cloisters) Limited
Newprop
Company
Limited||86
54|138
80|
|||606|978|
|able
companies,
the Trustees ofwhich are Trustees oft|he Company.||
|---|---|---|
||2023|2022|
||g'000|g'000|
|Beth Jacob Grammar
School for Girls Limited|2,161|540|
|Regent Charities Limited|235||
|Sassov Beis Hamedrash|120||
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|24.|RECONCILIATION
OF NET
ACTIVITIES|INCOME TO|NET CASH|USED IN OPER|ATING|
|---|---|---|---|---|---|
|||||2023|2022|
|||||0'000|U000|
||||||restated|
||Net (expenditure)/income
for the|year||(13,991)|(6,113)|
||Adjustments
for:|||||
||Depreciation
charges|||1|1|
||(Gains)/losses
on investments|||13,103|1,586|
||Dividends,
interest and rents from investments|||(2,483)|(2,127)|
||Increase/(decrease)
in Donations|and Designated|Fund|||
||Provisions|||(84)||
||(Increase)/decrease
in debtors|||(2,954)|2,184|
||Increase/(decrease)
in creditors|||1,294|8,628|
||Increase/(decrease)
in provisions|for liabilities||(742)|3,828|
||Share of(profit)/loss ofassociate|||(747)|5|
||Net cash used in operating
activities|||(6,603)|7,992|
|25.|ANALYSIS OF CASH AND CASH EQUIVALENTS|||||
|||||2023|2022|
|||||U000|K'000|
||Cash at Bank and in Hand|||4,131|12,125|
||Bank Overdraft
and Short-Term Bank Loans||||(26)|
||Total cash and cash equivalents|||4,131|12,099|
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|FO|RTHK YEAREN|DED 3I MARC|H 2023|||
|---|---|---|---|---|---|
||||2023|2022||
|||UOOO|0'000|&000|COOO|
|||||restated|restated|
|Income and Endowments|from:|||||
|Donations
and Grants Received|||1,357||1,253|
|Investments:||||||
|Income from Fixed Asset Investments|||530||512|
|Interest Receivable
and|Similar|||||
|Charges
Rents and Charges Receivable|||608
2,705||979
3,353|
|Total Income|||5,200||6,097|
|Expenditure
on:||||||
|Raising Funds:
Property Outgoings
Interest Payable
and Similar Charges||(1,378)
(310)||(1,039)
(221)||
|Charitable
Activities:||||||
|Grants and Donations||(5,351)||(3,597)||
|Payments
from Special|Projects Fund|(618)||(209)||
|Expenditure
Relating to Properties
Held for Charitable
Purposes||(110)||(115)||
|Other:||||||
|Governance
Costs||(49)||(53)||
|Total Expenditure|||(7,816)||(5,234)|
|NET (EXPENDITURE)/INCOME||||||
|BEFOREGAINS||||||
|ON INVKSTMKNTS|||(2,616)||863|
|Net Gains on Investments:||||||
|Disposal of Investment
Valuation ofInvestment|Property
Property|(4,539)||41
701||
|Valuation ofListed and|Other|||||
|Investments||(6,835)||(7,719)||
||||(11,374)||(6,977)|
|NET (EXPENDITURE)/INCOME||||||
|FORTHE YEAR AND|NET|||||
|MOVEMENT IN FUNDS|||(13,990)||(6,114)|
|Reconciliation ofFunds:||||||
|Total Funds Brought Forward|||119,821||125,935|
|TOTAL FUNDS CARRIED||||||
|FORWARD|||105,831||119,821|
##
##
##
||2023||2022||
|---|---|---|---|---|
||Unrestricted|Funds|Unrestricted|Funds|
||f'000|S'000|C000|k'000|
|Rents and Other Charges Receivable||2,705||3,353|
|Less: Property Outgoings|||||
|Ground Rent Payable|322||298||
|General
and Water Rates|57||67||
|Insurance|37||54||
|Repairs and Maintenance
Lighting
and Heating
Porterage and Cleaning
Legal and Professional
Charges
Management
and Letting Commission|468
182
82
188
72||292
104
94
75
55||
|||(1,378)||(1,039)|
|NET PROPERTY SURPLUS||1,327||2,314|