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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Pages |
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Trustees' annual report (incorporating the director's report) |
1 to 5 |
Independent auditor's report to the trustees. |
6 to 10 |
Statement of financial activities (including income and expenditure account) |
11 |
Statement of financial position |
12 |
Statement of cash flows |
13 |
Notes to the financial statements |
14 to 20 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
2nd Floor - Parkgates |
office |
Bury New Road |
Prestwich |
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Manchester |
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M25 0TL |
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Company secretary |
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Auditor |
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Accountants & statutory auditor |
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2nd Floor - Parkgates |
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Bury New Road |
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Prestwich |
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Manchester |
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M25 0TL |
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Bankers |
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Nine Brindleyplace |
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Birmingham |
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B1 2HB |
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Trustee |
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Company Limited by Guarantee |
Independent Auditor's Report to the Trustees. |
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(Senior Statutory Auditor) |
For and on behalf of |
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Accountants & statutory auditor |
2nd Floor - Parkgates |
Bury New Road |
Prestwich |
Manchester |
M25 0TL |
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2022 |
2021 |
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Unrestricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
Donations and legacies |
5 |
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Investment income |
6 |
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Total income |
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--------- |
--------- |
--------- |
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Investment management costs |
7 |
420,025 |
420,025 |
343,871 |
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Expenditure on charitable activities |
8,9 |
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Total expenditure |
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Net income |
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--------- |
--------- |
--------- |
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Losses from revaluation of fixed assets |
(
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(
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– |
--------- |
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--------- |
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Net movement in funds |
(
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(
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Total funds brought forward |
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------------ |
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Total funds carried forward |
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Company Limited by Guarantee |
Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Investments |
15 |
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Debtors |
16 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
17 |
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Net current liabilities |
(
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------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
18 |
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Net assets |
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Revaluation reserve |
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Other unrestricted income funds |
1,951,200 |
1,921,719 |
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Total unrestricted funds |
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Total charity funds |
19 |
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Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
2022 |
2021 |
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£ |
£ |
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Net income |
29,481 |
314,653 |
Adjustments for: |
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Dividends, interest and rents from investments |
(692,620) |
(736,571) |
Other interest receivable and similar income |
(
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– |
Accrued income |
(
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(
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Changes in: |
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Trade and other debtors |
(
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(
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Trade and other creditors |
(
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(
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------------ |
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Cash generated from operations |
(
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(
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Interest received |
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– |
------------ |
------------ |
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Net cash used in operating activities |
(
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(
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------------ |
------------ |
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Dividends, interest and rents from investments |
692,620 |
736,571 |
Purchases of other investments |
(
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(
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------------ |
------------ |
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Net cash from investing activities |
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------------ |
------------ |
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Proceeds from borrowings |
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------------ |
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Net cash from financing activities |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
273,144 |
565,223 |
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Cash and cash equivalents at end of year |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Donations |
59,000 |
59,000 |
20,500 |
20,500 |
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-------- |
-------- |
-------- |
-------- |
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Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Income from investment properties |
692,620 |
692,620 |
736,571 |
736,571 |
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Bank interest receivable |
338 |
338 |
– |
– |
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--------- |
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Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Rent collection |
260,800 |
260,800 |
203,011 |
203,011 |
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Interest payable |
159,225 |
159,225 |
140,860 |
140,860 |
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--------- |
--------- |
--------- |
--------- |
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420,025 |
420,025 |
343,871 |
343,871 |
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--------- |
--------- |
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Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Charitable grants |
294,500 |
294,500 |
92,495 |
92,495 |
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Support costs |
7,952 |
7,952 |
6,052 |
6,052 |
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--------- |
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-------- |
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Grant funding of activities |
Support costs |
Total funds 2022 |
Total fund 2021 |
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£ |
£ |
£ |
£ |
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Charitable grants |
294,500 |
1,303 |
295,803 |
93,212 |
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Governance costs |
– |
6,649 |
6,649 |
5,335 |
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Analysis of support costs |
Total 2022 |
Total 2021 |
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£ |
£ |
£ |
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General office |
1,303 |
1,303 |
717 |
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Governance costs |
6,649 |
6,649 |
5,335 |
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------- |
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7,952 |
7,952 |
6,052 |
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2022 |
2021 |
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£ |
£ |
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Grants £6,000 and under |
26,100 |
38,734 |
Dorshei Zion |
29,000 |
– |
Israel Yeshiva LZeirim |
– |
500 |
Layesharim Tehilla- Israel |
30,000 |
10,000 |
Lehava Shel Torah |
16,900 |
19,261 |
Matan B'seser |
35,000 |
– |
Mishol Tmicha Vsiuah Kehilaty |
34,800 |
24,000 |
Nezer Shimshon |
32,500 |
– |
Yiddisher Kunst |
14,700 |
– |
Ziv Hakehilla |
74,000 |
– |
--------- |
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Religious grants |
1,500 |
– |
--------- |
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Total grants |
294,500 |
92,495 |
--------- |
-------- |
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2022 |
2021 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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Other non-audit services |
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------- |
------- |
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Investment properties |
|
£ |
|
Cost or valuation |
|
At 1 November 2021 |
6,164,528 |
Additions |
41,901 |
Fair value movements |
(286,429) |
------------ |
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At 31 October 2022 |
5,920,000 |
------------ |
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Impairment |
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At 1 November 2021 and 31 October 2022 |
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Carrying amount |
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At 31 October 2022 |
5,920,000 |
------------ |
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At 31 October 2021 |
6,164,528 |
------------ |
|
2022 |
2021 |
|
£ |
£ |
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Trade debtors |
|
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--------- |
--------- |
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2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
|
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Social security and other taxes |
|
|
--------- |
--------- |
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|
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--------- |
--------- |
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2022 |
2021 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
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Other creditors |
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------------ |
------------ |
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At 1 November 2021 |
Income |
Expenditure |
Gains and losses |
At 31 October 2022 |
|
£ |
£ |
£ |
£ |
£ |
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General funds |
1,921,719 |
751,958 |
(722,477) |
– |
1,951,200 |
Revaluation reserve |
986,112 |
– |
– |
(286,429) |
699,683 |
------------ |
--------- |
--------- |
--------- |
------------ |
|
2,907,831 |
751,958 |
(722,477) |
(286,429) |
2,650,883 |
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------------ |
--------- |
--------- |
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At 1 November 2020 |
Income |
Expenditure |
Gains and losses |
At 31 October 2021 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
1,607,066 |
757,071 |
(442,418) |
– |
1,921,719 |
Revaluation reserve |
986,112 |
– |
– |
– |
986,112 |
------------ |
--------- |
--------- |
---- |
------------ |
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2,593,178 |
757,071 |
(442,418) |
– |
2,907,831 |
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------------ |
--------- |
--------- |
---- |
------------ |
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Unrestricted Funds |
Total Funds 2022 |
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£ |
£ |
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Investments |
5,920,000 |
5,920,000 |
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Current assets |
744,940 |
744,940 |
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Creditors less than 1 year |
(875,051) |
(875,051) |
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Creditors greater than 1 year |
(3,139,006) |
(3,139,006) |
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------------ |
------------ |
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Net assets |
2,650,883 |
2,650,883 |
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------------ |
------------ |
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Unrestricted Funds |
Total Funds 2021 |
||
£ |
£ |
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Investments |
6,164,528 |
6,164,528 |
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Current assets |
854,557 |
854,557 |
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Creditors less than 1 year |
(487,797) |
(487,797) |
|
Creditors greater than 1 year |
(3,623,457) |
(3,623,457) |
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------------ |
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Net assets |
2,907,831 |
2,907,831 |
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At 1 Nov 2021 |
Cash flows |
At 31 Oct 2022 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(150,862) |
|
Debt due within one year |
(329,000) |
(403,570) |
(732,570) |
Debt due after one year |
(3,166,664) |
105,170 |
(3,061,494) |
------------ |
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------------ |
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(
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(
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(
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