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Company Limited by Guarantee |
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Company Limited by Guarantee |
Consolidated Financial Statements |
Pages |
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Trustees' annual report (incorporating the director's report) |
1 to 4 |
Independent auditor's report to the trustees |
5 to 9 |
Consolidated statement of financial activities |
10 |
Consolidated statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the consolidated financial statements |
13 to 19 |
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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 |
Unit 3 Edge Business Centre |
office |
Humber Road |
London |
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NW2 6EW |
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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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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 |
Consolidated Statement of Financial Activities |
2024 |
2023 |
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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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--------- |
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--------- |
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Total income |
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--------- |
--------- |
--------- |
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Expenditure on charitable activities |
7,8 |
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--------- |
--------- |
--------- |
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Total expenditure |
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--------- |
--------- |
--------- |
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Net income |
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--------- |
--------- |
--------- |
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(Losses)/gains from revaluation of fixed assets |
(
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(
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--------- |
--------- |
--------- |
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Net movement in funds |
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Total funds brought forward |
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------------ |
------------ |
------------ |
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Total funds carried forward |
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------------ |
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Company Limited by Guarantee |
Consolidated Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Investments |
13 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
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------------ |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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------------ |
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Net assets |
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------------ |
------------ |
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Revaluation reserve |
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Other unrestricted income funds |
5,546,303 |
5,327,969 |
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------------ |
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Total unrestricted funds |
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------------ |
------------ |
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Total charity funds |
17 |
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Trustee |
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Company Limited by Guarantee |
Consolidated Statement of Cash Flows |
2024 |
2023 |
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£ |
£ |
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Net income |
218,334 |
312,673 |
Adjustments for: |
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Dividends, interest and rents from investments |
(333,492) |
(390,244) |
Other interest receivable and similar income |
(
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(
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Accrued (income)/expenses |
(
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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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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 |
333,492 |
390,244 |
Purchases of other investments |
(57,144) |
10,339 |
--------- |
--------- |
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Net cash from investing activities |
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--------- |
--------- |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
1,008,251 |
691,625 |
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Cash and cash equivalents at end of year |
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Company Limited by Guarantee |
Notes to the Consolidated Financial Statements |
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Donations |
215,482 |
215,482 |
220,950 |
220,950 |
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--------- |
--------- |
--------- |
--------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Rent (wholly owned properties) |
33,495 |
33,495 |
5,327 |
5,327 |
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Surplus on joint property syndicates |
299,997 |
299,997 |
384,917 |
384,917 |
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Bank interest receivable |
2,937 |
2,937 |
1,714 |
1,714 |
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--------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Charitable activities |
322,900 |
322,900 |
288,650 |
288,650 |
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Support costs |
10,677 |
10,677 |
11,585 |
11,585 |
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Grant funding of activities |
Support costs |
Total funds 2024 |
Total fund 2023 |
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£ |
£ |
£ |
£ |
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Charitable activities |
322,900 |
– |
322,900 |
288,650 |
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Governance costs |
– |
10,677 |
10,677 |
11,585 |
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--------- |
-------- |
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-------- |
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2024 |
2023 |
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£ |
£ |
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Chesed Charity Trust |
– |
25,000 |
Chasdei Uvois |
10,000 |
– |
Keren Nissuin (Mislonim) |
2,900 |
4,200 |
United Talmudical Associates Ltd |
300,000 |
240,000 |
Grants £5,000 or below |
10,000 |
19,450 |
--------- |
--------- |
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Total grants |
322,900 |
288,650 |
--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the consolidated financial statements |
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------- |
------- |
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Other non-audit services |
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------- |
------- |
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Investment properties |
Other investments |
Total |
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£ |
£ |
£ |
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Cost or valuation |
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At 1 April 2023 |
400,000 |
6,322,845 |
6,722,845 |
Additions |
– |
299,997 |
299,997 |
Fair value movements |
– |
(10,406) |
(10,406) |
Other movements |
– |
(242,853) |
(242,853) |
--------- |
------------ |
------------ |
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At 31 March 2024 |
400,000 |
6,369,583 |
6,769,583 |
--------- |
------------ |
------------ |
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Impairment |
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At 1 April 2023 and 31 March 2024 |
– |
– |
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------------ |
------------ |
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Carrying amount |
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At 31 March 2024 |
400,000 |
6,369,583 |
6,769,583 |
--------- |
------------ |
------------ |
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At 31 March 2023 |
400,000 |
6,322,845 |
6,722,845 |
--------- |
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------------ |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Unit 3 Edge Business Centre |
Ordinary |
100 |
Humber Road |
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London |
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NW2 6EW |
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Capital and reserves |
Profit/(loss) for the year |
|||
2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Subsidiary undertakings |
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(650,275) |
(1) |
(
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(21,618) |
--------- |
---- |
--------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
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Other debtors |
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
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Accruals and deferred income |
|
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Other creditors |
– |
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------- |
--------- |
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------- |
--------- |
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At 1 April 2023 |
Income |
Expenditure |
Gains and losses |
At 31 March 2024 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
5,327,969 |
551,911 |
(333,577) |
– |
5,546,303 |
Revaluation reserve |
2,023,765 |
– |
– |
(10,406) |
2,013,359 |
------------ |
--------- |
--------- |
-------- |
------------ |
|
7,351,734 |
551,911 |
(333,577) |
(10,406) |
7,559,662 |
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------------ |
--------- |
--------- |
-------- |
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At 1 April 2022 |
Income |
Expenditure |
Gains and losses |
At 31 March 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
5,015,296 |
612,908 |
(300,235) |
– |
5,327,969 |
Revaluation reserve |
1,808,426 |
– |
– |
215,339 |
2,023,765 |
------------ |
--------- |
--------- |
--------- |
------------ |
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6,823,722 |
612,908 |
(300,235) |
215,339 |
7,351,734 |
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------------ |
--------- |
--------- |
--------- |
------------ |
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Unrestricted Funds |
Total Funds 2024 |
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£ |
£ |
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Investments |
6,769,583 |
6,769,583 |
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Current assets |
797,919 |
797,919 |
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Creditors less than 1 year |
(7,840) |
(7,840) |
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------------ |
------------ |
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Net assets |
7,559,662 |
7,559,662 |
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------------ |
------------ |
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Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
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Investments |
6,722,845 |
6,722,845 |
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Current assets |
1,027,251 |
1,027,251 |
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Creditors less than 1 year |
(398,362) |
(398,362) |
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------------ |
------------ |
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Net assets |
7,351,734 |
7,351,734 |
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------------ |
------------ |
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At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(230,332) |
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------------ |
--------- |
--------- |
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Company Limited by Guarantee |
Notes to the Consolidated Financial Statements (continued) |