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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 4 |
Independent auditor's report to the trustees |
5 to 9 |
Statement of financial activities (including income and expenditure account) |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 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 |
309 Bury New Road |
office |
Salford |
Manchester |
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M7 2YN |
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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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BBAM |
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Bridle Road |
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Bootle |
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Merseyside |
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L30 4GB |
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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) |
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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------------ |
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Investment management costs |
7 |
167,964 |
167,964 |
136,735 |
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Expenditure on charitable activities |
8,9 |
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Total expenditure |
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Net income and net movement in funds |
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Total funds brought forward |
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Total funds carried forward |
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Company Limited by Guarantee |
Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Investments |
15 |
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Debtors |
17 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
18 |
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Net current assets |
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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 |
19 |
(
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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 |
9,614,717 |
9,350,897 |
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Total unrestricted funds |
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Total charity funds |
20 |
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Trustee |
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Company Limited by Guarantee |
Statement of Cash Flows |
2024 |
2023 |
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£ |
£ |
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Net income |
263,820 |
324,253 |
Adjustments for: |
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Dividends, interest and rents from investments |
(713,724) |
(874,500) |
Other interest receivable and similar income |
(
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(
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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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Cash generated from operations |
(
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(
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Interest paid |
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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 |
713,724 |
874,500 |
Purchases of other investments |
(
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(538,438) |
Proceeds from sale of other investments |
339,484 |
463,198 |
--------- |
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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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Proceeds from loans from group undertakings |
(
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Net cash (used in)/from financing 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 |
140,040 |
270,686 |
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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 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Donations |
238,614 |
238,614 |
474,664 |
474,664 |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Syndicate surplus |
376,793 |
376,793 |
538,438 |
538,438 |
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Rent |
336,931 |
336,931 |
336,062 |
336,062 |
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Bank interest receivable |
22,660 |
22,660 |
12,282 |
12,282 |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Finance costs |
6,366 |
6,366 |
– |
– |
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Agents commission |
5,898 |
5,898 |
5,870 |
5,870 |
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Insurance |
61,933 |
61,933 |
63,888 |
63,888 |
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Professional charges |
– |
– |
1,680 |
1,680 |
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Bank loan interest |
93,767 |
93,767 |
65,297 |
65,297 |
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--------- |
--------- |
--------- |
--------- |
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167,964 |
167,964 |
136,735 |
136,735 |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Charitable activities |
529,160 |
529,160 |
889,350 |
889,350 |
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Support costs |
14,054 |
14,054 |
11,108 |
11,108 |
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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 |
529,160 |
1,154 |
530,314 |
890,527 |
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Governance costs |
– |
12,900 |
12,900 |
9,931 |
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Analysis of support costs activity 1 |
Total 2024 |
Total 2023 |
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£ |
£ |
£ |
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General office |
1,153 |
1,153 |
1,176 |
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Governance costs |
12,900 |
12,900 |
9,932 |
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-------- |
-------- |
-------- |
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14,053 |
14,053 |
11,108 |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Aim Habonim |
2,000 |
15,000 |
Asser Bishvil Foundation |
– |
30,000 |
Asos Chesed |
20,550 |
23,350 |
Baderech Kovoid |
21,200 |
10,000 |
Beis Aharon Trust |
– |
25,000 |
BCGCT |
11,000 |
– |
CMZ |
– |
25,000 |
Daas Kedoshim Foundation |
12,000 |
10,000 |
Delman |
40,000 |
35,000 |
Format |
14,000 |
15,500 |
Geffen |
40,000 |
36,200 |
Kolyom Trust |
17,500 |
2,000 |
Keren Eretz Yisroel |
– |
20,500 |
Lev Chaim |
850 |
9,000 |
Low Cost Living |
25,000 |
75,000 |
Ner Foundation |
40,000 |
35,000 |
New Girls School |
– |
17,150 |
Pesach Project |
40,000 |
250,000 |
Rosecare |
24,500 |
52,350 |
Tree Life Club |
13,100 |
5,000 |
TTT |
44,700 |
– |
Three Pillars |
13,750 |
11,500 |
Yemin Charitable Trust Ltd |
40,000 |
35,000 |
Yesamach Levav |
50,000 |
100,000 |
Further grants < £10k |
59,010 |
51,800 |
--------- |
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Total grants |
529,160 |
889,350 |
--------- |
--------- |
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2024 |
2023 |
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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 |
Shares in group undertakings |
Other investments |
Total |
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£ |
£ |
£ |
£ |
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Cost or valuation |
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At 6 April 2023 |
4,410,000 |
10 |
11,811,902 |
16,221,912 |
Additions |
– |
– |
716,793 |
716,793 |
Disposals |
– |
– |
(339,484) |
(339,484) |
------------ |
---- |
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At 5 April 2024 |
4,410,000 |
10 |
12,189,211 |
16,599,221 |
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Impairment |
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At 6 April 2023 and 5 April 2024 |
– |
– |
– |
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Carrying amount |
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At 5 April 2024 |
4,410,000 |
10 |
12,189,211 |
16,599,221 |
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At 5 April 2023 |
4,410,000 |
10 |
11,811,902 |
16,221,912 |
------------ |
---- |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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309 Bury New Road |
Ordinary |
100 |
Salford |
|||
Manchester |
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M7 2YN |
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309 Bury New Road |
Ordinary |
100 |
Salford |
|||
Manchester |
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M7 2YN |
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309 Bury New Road |
Ordinary |
100 |
Salford |
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Manchester |
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M7 2YN |
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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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1,238,511 |
1,221,284 |
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1,973 |
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968,377 |
1,033,390 |
(
|
12,034 |
|
1,455,619 |
1,416,178 |
|
30,563 |
------------ |
------------ |
-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Amounts owed by undertakings in which the charity has a participating interest |
|
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Other debtors |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
|
£ |
£ |
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Bank loans and overdrafts - secured |
|
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Other creditors |
|
|
--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts - secured |
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------------ |
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At 6 April 2023 |
Income |
Expenditure |
At 5 April 2024 |
|
£ |
£ |
£ |
£ |
|
General funds |
9,350,897 |
974,998 |
(711,178) |
9,614,717 |
Revaluation reserve |
5,991,949 |
– |
– |
5,991,949 |
------------- |
--------- |
--------- |
------------- |
|
15,342,846 |
974,998 |
(711,178) |
15,606,666 |
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------------- |
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At 6 April 2022 |
Income |
Expenditure |
At 5 April 2023 |
|
£ |
£ |
£ |
£ |
|
General funds |
9,026,644 |
1,361,446 |
(1,037,193) |
9,350,897 |
Revaluation reserve |
5,991,949 |
– |
– |
5,991,949 |
------------- |
------------ |
------------ |
------------- |
|
15,018,593 |
1,361,446 |
(1,037,193) |
15,342,846 |
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------------- |
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------------ |
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Unrestricted Funds |
Total Funds 2024 |
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£ |
£ |
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Investments |
16,599,221 |
16,599,221 |
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Current assets |
381,930 |
381,930 |
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Creditors less than 1 year |
(250,735) |
(250,735) |
|
Creditors greater than 1 year |
(1,123,750) |
(1,123,750) |
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Net assets |
15,606,666 |
15,606,666 |
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Unrestricted Funds |
Total Funds 2023 |
||
£ |
£ |
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Investments |
16,221,912 |
16,221,912 |
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Current assets |
569,281 |
569,281 |
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Creditors less than 1 year |
(249,597) |
(249,597) |
|
Creditors greater than 1 year |
(1,198,749) |
(1,198,749) |
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Net assets |
15,342,847 |
15,342,847 |
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At 6 Apr 2023 |
Cash flows |
At 5 Apr 2024 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
|
(107,342) |
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Debt due within one year |
(169,354) |
8,631 |
(160,723) |
Debt due after one year |
(1,198,750) |
75,000 |
(1,123,750) |
------------ |
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------------ |
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(
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(
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(
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Company Limited by Guarantee |
Notes to the Financial Statements (continued) |