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2020-08-31-accounts

Trustees Mr Richard Spitzer
Mr Jacob Gluck
Mrs Hanna Gluck
Mr Avrohom
Schechter
Secretary Mr Richard Spitzer
Mr Avrohom Schechter
Charity number 1039036
Company number 02884621
Principal address Woodbury Down Centre
Woodbury Down
London
N4 2SH
Registered office 1st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M35FS
Auditor Lopian Gross Barnett &Co
1st Floor, Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS
Bankers Barclays Bank Pic London
The Manager
Barclays Bank Pic
1 Church
Hill Place
London
E145HP

Page
Trustees'
report		 1-2
Statement oftrustees' responsibilities
Independent
auditor's		 report 4-6
Statement offinancial activities
Balance sheet 8-9
Statement
ofcash flows		 10
Notes to the financial statements 11 - 19

Unrestricted Unrestricted
funds funds
2020 2019
human; Notes f
Voluntary
income
516,063 605,527
Investments 842,000 866,500
Total income 1,358,063 1,472,027
Raising funds 41,078 67,806
Charitable
activities		 774,008 924,291
Total resources expended 815,086 992,097
Net income for the year/
Net movement in funds 542,977 479,930
Fund balances at 1 September 2019 8,527,132 8,047,202
Fund balances at 31August 2020 9,070,109 8,527,132

2020 2019
Notes
Fixed assets
Tangible assets 12 52,780 53,040
Investment properties 13 11,464,465 11,035,940
11,517,265 11,088,980
Current assets
Debtors 14 38,420 30,000
Creditors: amounts falling due within
one year 16 (1,598,182) (1,682,512)
Net current liabilities (1,559,762) (1,652,512)
Total assets less current liabilities 9,957,503 9,436,468
Creditors: amounts falling due after
more than one year 17 (887,394) (909,336)
Net assets 9,070,109 8,527,132
Income funds
General
unrestricted		 funds 3,153,620 2,610,643
Gain on revaluation of investment property fund 5,916,489 5,916,489
9,070,109 8,527,132
9,070,109 8,527,132

Notes 2020
f		 2019
f
Cash flows from operating activities
Cash absorbed
by operations		 20 (351,452) (446,912)
Investing
activities
Purchase oftangible
fixed assets		 (5,604) (1,978)
Additions
to investment
properly		 (428,545) (283,249)
Rental income received 842,000 866,500
Net cash generated
from investing
activities 407,851 581,273
Financing
activities
Repayment
ofbank loans		 (19,442) (125,260)
Net cash used in financing activities (19,442) (125,260)
Net increase
in cash and cash equivalents		 36,957 9,101
Cash and cash equivalents at beginning ofyear (41,934) (51,035)
Cash and cash equivalents at end of year (4,977) (41,934)
Relating to:
Cash at bank and in hand
Bank overdrafts
included
in		 creditors
payable
within one year		 (4,977) (41,934)

Unrestricted Unrestricted
funds funds
2020f 2019
E
Donations and gifts 516,063 605,527

Unrestricted Unrestricted
funds funds
2020 2019
R E
Rental income 842,000 866,500

Unrestricted Unrestricted
funds funds
2020 2019
Other fundraising costs 41,078 67,806
41,078 67,806

Charitable Donations Total Charitable Donations Total
activities made 2020 activities made 2019
2020 2020 2019 2019
R R
Depreciation and
impairment 5,864 5,864 5,893 5,893
Other establishment costs 82,305 82,305 4,070 4,070
Depreciation and
impairment 5,893 5,893
Bank charges and interest 20,661 20,661 22,511 22,511
Sundry expenses 1,525 1,525
108,830 108,830 39,892 39,892
Grant funding ofactivities
(see note 7) 661,578 661,578 880,799 880,799
Share ofgovernance costs
(see note 8) 3,600 3,600 3,600 3,600
112,430 661,578 774,008 43,492 880,799 924,291

Donations Donations
made made
2020 2019
E
Grants to institutions:
Mifal Hachesed Vehatzdokoh 18,000 155,100
One Heariiev Echod 18,000 108,500
Wlodowa
Charity and Rehabilitation		 Trust 360,000 329,500
Friends Of Beis Soroh Shnierer 50,000 110,909
Spinka 35,000
Mercaz Hatoreh Belz Machnovke 66,750
Shefa Cheim 42,320
Sharei Chesed London 23,165
Beis Nadvorne 18,410
Other 131,683 75,040
661,578 880,799

8 Support costs
Support Governance 2020 Support Governance 2019
costs
R		 costs
f		 costs
F		 costs
F
Audit fee 3,600 3,600 3,600 3,600
3,600 3,600 3,600 3,600
Analysed between
Charitable activities 3,600 3,600 3,600 3,600

12 Tangible fixed assets Tangible fixed assets
Plant and machinery
Cost
At 1 September 2019 137,881
Additions 5,604
At 31August 2020 143,485
Depreciation
and impairment
At 1 September 2019 84,841
Depreciation
charged		 in the year 5,864
At 31August 2020 90,705
Carrying
amount
At 31August 2020 52,780
At 31August 2019 53,040
13 Investment
property
2020
Fair value
At 1 September 2019 11,035,940
Additions
through
external		 acquisition 428,545
At 31August 2020 11,464,485

Debtors
2020 2019
Amounts falling due within one year: K
Other debtors 38,420 30,000

2020f 2019
Bank overdrafts 4,977 41,934
Bank loans 978,494 997,936
983,471 1,039,870
Payable within one year 96,077 130,534
Payable after one year 887,394 909,336
Amounts included above which fall due after five years:
Payable by instalments 443,000 443,000

Creditors: amounts falling due within one year
Notes 2020 2019f
Bank loans and overdrafts 15 96,077 130,534
Trade creditors 92,115 65,152
Other creditors 1,401,350 1,478,186
Accruals and deferred income 8,640 8,640
1,598,182 1,682,512
Creditors: amounts falling due after more than one year
2020 2019
Notes
Bank loans 15 887,394 909,336

20 Cash generated
from		 operat ions 2020f 2019
K
Surplus for the year 542,977 479,930
Adjustments
for:
Rental income received (842,000) (866,500)
Depreciation
and impairment		 oftangible fixed assets 5,864 5,893
Movements
in working		 capital:
(Increase)
in debtors		 (8,420) (30,000)
(Decrease)
in creditors		 (49,873) (36,235)
Cash absorbed
by operations		 (351,452) (446,912)
21 Analysis
ofchanges		 in net (debt)lfunds
At 1 September Cash flows At 31August
2019f 2020
Bank overdrafts (41,934) 36,957 (4,977)
Loans falling due within one year (88,600) (2,500) (91,100)
Loans falling due after more than one year (909,336) 21,942 (887,394)
(1,039,870) 56,399 (983,471)