IRIS Accounts Production v23.4.0.336 Other Company accounts True false Pounds 1.5.22 30.4.23 30.4.23 FY FRS 102 Audited Large and medium-sized companies regime for accounts Full Charities SORP true true true true true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101392942022-04-30101392942023-04-30101392942022-05-012023-04-30101392942021-04-30101392942021-05-012022-04-30101392942022-04-3010139294ns0:CharitableCompanyLimitedByGuarantee2022-05-012023-04-3010139294ns15:PoundSterling2022-05-012023-04-3010139294ns11:FRS1022022-05-012023-04-3010139294ns11:Audited2022-05-012023-04-3010139294ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-05-012023-04-3010139294ns11:FullAccounts2022-05-012023-04-3010139294ns11:CharitiesSORP2022-05-012023-04-3010139294ns16:EnglandWales2022-05-012023-04-3010139294ns11:RegisteredOffice2022-05-012023-04-3010139294ns0:Trustee32022-05-012023-04-3010139294ns0:Trustee22022-05-012023-04-3010139294ns0:Trustee12022-05-012023-04-3010139294ns0:Trustee42022-05-012023-04-3010139294ns0:Activity82022-05-012023-04-3010139294ns0:Activity82021-05-012022-04-3010139294ns10:WithinOneYear2023-04-3010139294ns10:WithinOneYear2022-04-3010139294ns10:AfterOneYear2023-04-3010139294ns10:AfterOneYear2022-04-3010139294ns0:TotalUnrestrictedFunds2023-04-301013929422022-05-012023-04-301013929432022-05-012023-04-301013929412022-05-012023-04-3010139294ns10:WithinOneYear2022-05-012023-04-30
REGISTERED COMPANY NUMBER: 10139294 (England and Wales)
REGISTERED CHARITY NUMBER: 1167950















REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

SANBRI LTD

SANBRI LTD






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Report of the Trustees 1 to 2

Statement of Trustees' Responsibilities 3

Report of the Independent Auditors 4 to 6

Statement of Financial Activities 7

Statement of Financial Position 8

Statement of Cash Flows 9

Notes to the Statement of Cash Flows 10

Notes to the Financial Statements 11 to 17

SANBRI LTD (REGISTERED NUMBER: 10139294)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal activities of the charitable company in the year under review were that of the advancement of education and religious practice in accordance with the teachings of the Orthodox Jewish faith the relief of poverty and disability.

Significant activities
The charity was set up to support the activities of religious Jewish organizations especially in the field of education. This activity was undertaken for public benefit to further the charity's objectives.

Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities and setting the grant making policy for the year. The aims of the charitable company for the public benefit are detailed in the Objectives and Activities section of the report.

Grantmaking
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charitable company.

STRATEGIC REPORT
Achievement and performance
Charitable activities
During the year charity paid out donations of £400,000 (2022: £425,000) to Amabrill Ltd.

Investment performance
The charity's rental income of £966,291 (2022: £785,980) reflects the rental income received from investment properties held by the charity. The associated expenses of managing the investment properties are reflected in note 3.

The charity also received bank interest of £437,194 (2022: £56,861) during the year.

Financial review
Investment policy and objectives
The company's memorandum and articles of association, which permit the company's funds to be invested in securities or properties of any kind and situated anywhere in the world, control the trustees' investment powers.

The trustees will consider suitable investments as and when they arise.

Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity including the possibility of providing capital assets for the needs of charitable institutions.

Going concern
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

Future plans
The Trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained.


SANBRI LTD (REGISTERED NUMBER: 10139294)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.

Related parties
Details of transactions with related parties are disclosed in the notes to the financial statements.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The charity has no significant liquidity or credit risk.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10139294 (England and Wales)

Registered Charity number
1167950

Registered office
115 Craven Park Road
London
N15 6BL

Trustees
I Grossnass Director
Mrs F R Lerner Director
C Lerner Director
I M Lerner

Auditors
Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

AUDITORS
The auditors, Venitt and Greaves, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 29 February 2024 and signed on the board's behalf by:





C Lerner - Trustee

SANBRI LTD

STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 30 APRIL 2023

The trustees (who are also the directors of Sanbri Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SANBRI LTD

Opinion
We have audited the financial statements of Sanbri Ltd (the 'charitable company') for the year ended 30 April 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 30 April 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SANBRI LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SANBRI LTD


Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements.

- We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations.

- We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.

- We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation stages of our audit. The susceptibility to such material misstatement was determined to be low.

- Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items.

- We performed appropriate audit testing on the recognition and completeness of income.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




M A Venitt, ACA (Senior Statutory Auditor)
for and on behalf of Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

29 February 2024

SANBRI LTD

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 APRIL 2023

30.4.23 30.4.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Investment income 3 1,403,485 842,841

EXPENDITURE ON
Raising funds 4 758,613 400,696

Charitable activities 5
Educational Grants 400,000 425,000

Other 5,458 40,277
Total 1,164,071 865,973

NET INCOME/(EXPENDITURE) 239,414 (23,132 )


RECONCILIATION OF FUNDS
Total funds brought forward 4,126,817 4,149,949

TOTAL FUNDS CARRIED FORWARD 4,366,231 4,126,817

SANBRI LTD (REGISTERED NUMBER: 10139294)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

30.4.23 30.4.22
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Investment property 11 12,815,930 12,675,930

CURRENT ASSETS
Debtors 12 13,288,368 1,461,636
Investments 13 318,819 318,819
Cash at bank and in hand 13,187,360 19,274,694
26,794,547 21,055,149

CREDITORS
Amounts falling due within one year 14 (26,193,312 ) (26,174,172 )

NET CURRENT ASSETS 601,235 (5,119,023 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,417,165

7,556,907

CREDITORS
Amounts falling due after more than one year 15 (9,050,934 ) (3,430,090 )

NET ASSETS 4,366,231 4,126,817
FUNDS 17
Unrestricted funds 4,366,231 4,126,817
TOTAL FUNDS 4,366,231 4,126,817


The financial statements were approved for issue by the Board of Trustees and authorised for issue on 29 February 2024 and were signed on its behalf by:





C Lerner - Trustee





F R Lerner - Trustee

SANBRI LTD

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2023

30.4.23 30.4.22
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (12,005,372 ) (28,666 )
Net cash used in operating activities (12,005,372 ) (28,666 )

Cash flows from investing activities
Purchase of investment property (140,000 ) (3,688,902 )
Sale of tangible fixed assets - (35,120 )
Sale of investment property - 120,000
Interest received 437,194 56,861
Net cash provided by/(used in) investing activities 297,194 (3,547,161 )

Cash flows from financing activities
New loans in year 5,620,844 3,430,090
Net cash provided by financing activities 5,620,844 3,430,090

Change in cash and cash equivalents in
the reporting period

(6,087,334

)

(145,737

)
Cash and cash equivalents at the
beginning of the reporting period

19,274,694

19,420,431
Cash and cash equivalents at the end of
the reporting period

13,187,360

19,274,694

SANBRI LTD

NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM
OPERATING ACTIVITIES
30.4.23 30.4.22
£    £   
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)

239,414

(23,132

)
Adjustments for:
Loss on disposal of fixed assets - 35,120
Interest received (437,194 ) (56,861 )
(Increase)/decrease in debtors (11,826,732 ) 6,099
Increase in creditors 19,140 10,108
Net cash used in operations (12,005,372 ) (28,666 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.22 Cash flow At 30.4.23
£    £    £   
Net cash
Cash at bank and in hand 19,274,694 (6,087,334 ) 13,187,360
19,274,694 (6,087,334 ) 13,187,360

Liquid resources
Deposits included in cash - - -
Current asset investments 318,819 - 318,819
318,819 - 318,819

Debt
Debts falling due after 1 year (3,430,090 ) (5,620,844 ) (9,050,934 )
(3,430,090 ) (5,620,844 ) (9,050,934 )
Total 16,163,423 (11,708,178 ) 4,455,245

SANBRI LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Governance costs
Governance cost comprise all costs involving the public accountability of the charity and its compliance with
regulation of good practice. The cost include costs related to statutory audit and direct governing cost.

Investment property
There is no significant changes in the market value of properties.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously


SANBRI LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

In the application of the charity’s accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates. The estimates and underlying
assumptions are reviewed on an ongoing basis.
Revisions to accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the revision affects
both current and future periods.

3. INVESTMENT INCOME
30.4.23 30.4.22
£    £   
Rents received 966,291 785,980
Interest receivable 437,194 56,861
1,403,485 842,841

4. RAISING FUNDS

Investment management costs
30.4.23 30.4.22
£    £   
Insurance 31,832 4,625
Light and heat 6,847 1,093
Repair and maintenance 296,613 195,031
Management commission 151,008 78,354
Letting fees 9,378 7,623
Rates 44,817 58,182
Legal and professional fees 58,659 36,396
Loan interest 156,668 19,392
Travel 2,791 -
758,613 400,696

5. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
6)
£   
Educational Grants 400,000


SANBRI LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. GRANTS PAYABLE
30.4.23 30.4.22
£    £   
Educational Grants 400,000 425,000

Educational grant was made to Amabrill Ltd, a charitable company which has common directors.

7. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Other resources expended 418 5,040 5,458

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.4.23 30.4.22
£    £   
Auditors' remuneration 5,040 4,800
Deficit on disposal of fixed assets - 35,120

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022.


10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM

Investment income 842,841

EXPENDITURE ON
Raising funds 400,696

Charitable activities
Educational Grants 425,000

Other 40,277
Total 865,973

NET INCOME/(EXPENDITURE) (23,132 )


SANBRI LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   

RECONCILIATION OF FUNDS
Total funds brought forward 4,149,949

TOTAL FUNDS CARRIED FORWARD 4,126,817

11. INVESTMENT PROPERTY
£   
FAIR VALUE
At 1 May 2022 12,675,930
Additions 140,000
At 30 April 2023 12,815,930
NET BOOK VALUE
At 30 April 2023 12,815,930
At 30 April 2022 12,675,930

Trustees confirmed that there is no significant changes in the market value of properties.

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 29,095 11,177
Amounts owed by group undertakings 1,152,516 1,152,516
Other debtors 12,106,757 297,943
13,288,368 1,461,636

13. CURRENT ASSET INVESTMENTS
30.4.23 30.4.22
£    £   
Unlisted investments 318,819 318,819

Current asset investments represent, a joint venture investment with BHD Properties Investment Limited where charity will receive 49.9% of the net profit.


SANBRI LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 95,001 69,001
VAT 24,956 32,056
Other creditors 58,135 58,135
Loan creditor 26,000,000 26,000,000
Accrued expenses 15,220 14,980
26,193,312 26,174,172

Loan creditor represents loan received from Amabrill Ltd, a charitable company which has common directors.

Other creditor represents loan received from Creston Ltd a company which is owned by Mr C & Mrs F R Lerner.

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans (see note 16) 9,050,934 3,430,090

16. LOANS

An analysis of the maturity of loans is given below:

30.4.23 30.4.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments:
Bank loans more 5 yrs non-inst 9,050,934 3,430,090

17. MOVEMENT IN FUNDS
Net
movement At
At 1.5.22 in funds 30.4.23
£    £    £   
Unrestricted funds
General fund 4,126,817 239,414 4,366,231

TOTAL FUNDS 4,126,817 239,414 4,366,231

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,403,485 (1,164,071 ) 239,414

TOTAL FUNDS 1,403,485 (1,164,071 ) 239,414


SANBRI LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.5.21 in funds 30.4.22
£    £    £   
Unrestricted funds
General fund 4,149,949 (23,132 ) 4,126,817

TOTAL FUNDS 4,149,949 (23,132 ) 4,126,817

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 842,841 (865,973 ) (23,132 )

TOTAL FUNDS 842,841 (865,973 ) (23,132 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.5.21 in funds 30.4.23
£    £    £   
Unrestricted funds
General fund 4,149,949 216,282 4,366,231

TOTAL FUNDS 4,149,949 216,282 4,366,231

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 2,246,326 (2,030,044 ) 216,282

TOTAL FUNDS 2,246,326 (2,030,044 ) 216,282


SANBRI LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

18. RELATED PARTY DISCLOSURES

During the year the charity made a donation of £400,00 (2022: £425,000) to Amabrill Ltd, a charitable company which has common directors.

During the year the charity paid management fees of £12,000 (2022: £12,000) to Farcastle Ltd which has common directors.

The loan creditor in the sum of £26,000,000 (2022: £26,000,000) represents a loan due to Amabrill Ltd, a charitable company which has common directors.

The other creditor in the sum of £50,939 (2022: £50,939) represents a loan due to Creston Ltd a company which is controlled by Mr C & Mrs F R Lerner.

The charity owns 25% of the share capital of Bayit Yerushalmi Sheli. a company registered in Israel. The amounts owed by group undertakings represent the loan to Bayit Yerushalmi Sheli.