Charity registration number 1039578 THE J & H ORLANDER TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
THE J & H ORLANDER TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees R M Jackman M Jackman M H Lewis A N Gomori Jackman (Appointed 24 June 20221 Charlty number 1039578 Principal address No. 1 London Bridge London SE19BG Audltor Gravita ABG LLP 30 City Road London EC1Y2AB
THE J & H ORLANDER TRUST CONTENTS Page Trustees. retx)rt Statement of trustees, responsibilities Independent auditorfs report ststement of financial activities Stslemenl of financial position Notes lo the financial slalemenls 9-17
THE J & H ORLANDER TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their annual report and financial statements for the year ended 31 March 2022. The financial statements have been prepared in accordan with the accounting policies set OLJt in note 1 to the financial statements and comply with the Charib'es Act 2011 and "Accounting and Reporting for Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Obje¢tives and activities The Trust's objects and its principal aims are to promote the advancemenl and furtherance of general charitable purposes, and to support such other chariiable institutions as the trustees delemiine, for Ihe benefit of the public. The trustees confirm that they have given careful consideration to the Charity Commission's guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year. The Trustees have paid due regard to guidan issued by the Charity Commission in deciding what a¢tivities the Trijst shokjld undertake. Achievements and performance The performan of the ¢harity in respect of grants made is monitored by reference to feedback from the institLJtions concerned. Financial review The Trust's income mainly comprises rental income from investment properties. The Trustees approved grants of £94,50612021'. £83,823). The Trustees are satisfied with the level of net incoming resoLJrces during the year, as this was in line with their expectations. Reserves poll¢y In line with the recommendations of the Charity Commission, the Trustees have formally adopted a Reserves policy. This recognises that the income of Trust does not arise evenly year on year and so to enable Trust to plan its activities it is prudent to hold reserves. The ¢harity has ¢onsidered the reserves required and have taken into account their current and future liabilities. It is the policy of the Trust that unrestricted reserves should be held at a level which equates to approximately a year of unrestricted charitable expenditure. The trustees consider that this level will provide sufficienl funds to respond lo applications for grants and ensure that support and governance costs are covered. Unrestricted reserves as at the balance sheet date amount to £641,744. The current level of reserves is therefore higher than is needed and the trustees believe that free reserves of £641,744 are sufficienl to ensure the continuance of the Trust for the foreseeable future. The expendable endowment fund was created on 27 June 1997, from a donation received from the Rowan Trust. The trustees consider the reserve requirements of the expendable endowment fund separately, and aim to maintain this fund in accordance with the charitable objects al the discretion of the Trustees. Risk managemènt The major risks to which the Trust is exposed, as identified by the trust deed, are and will continue to be regularly reviewed, and systems have been and will be established, and where appropriate, professional advisors have been or will be appointed to mitigate those risks. The Trust will Continue with its Current investment and expenditure plan into the next year. Structure. governance and managernent The Trust was estsblished by a charitsble trust deed on 13 October 1993.
THE J & H ORLANDER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 The Trustees who served during the year were.. R M Jackman M Jackman M H Lewis AN Gomori Jackman (Appointed 24 June 20221 A N Gomori Jackman was appointed as a Trustee post year end on 24 June 2022. Trustees are nominated and elected at meetings of the Trustees. The Charity is based in London. The Trustees are responsible for the day to day running of the ¢harity and the appointment of staff. The board of trustees are considered lo be key man8gement personnel of the charity, in charge of directing and controlling the charity and running and operating the Charity on a d8y lo day basis. All trustees give of their time freely and no trustee remuneration was paid in the year. The Trust does not have any employees other than the Trustees. The Trust has the power to make any investment that the Trustees see fil. The trustees. report was approved by the Board of Trustees. R M Jackman TrLJStee Dated.. 31 Jan 2023
THE J & H ORLANDER TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 Law applicable lo charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the inancial activities during the year and of its financial position at the end of the year. In preparing accounts giving a true and fair view, the Trustees should follow best practi and= select suitable accounting policies and then apply them consislenlly., make judgements and estimate5 that are reasonable and prudent., stale whether applic4ble accounting standards and stalernenls of recomrnended practice have been followed, subject lo any departures disclosed and explained in the accounts., and prepare the accounts on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are reswnsible for keeping accounting records that disclose with reasonable a¢¢ura¢y the financial position of the Trust and which enable them to as¢ertain the financial position of the charity and which enable them to ensure that the accounts comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Charity and hen¢e for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE J & H ORLANDER TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE J & H ORLANDER TRUST Opinion We have audited the financial slalemenls of The J & H Orlander Trust (the 'Trusl'l for the year ended 31 March 2022 which comprise the statement of financial aclivilies, the slalerllenl of financial position and the notes lo the financi81 stalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 8ppIic8ble 18W and United Kingdom Accounting Sl8ndards, including Financial Reporting Standard 102 The Financial Reporting Standard applicabl$ th& UK and Republic of Ir8land (United Kingdom Generally Accepted Accounting Pra¢ti¢el. In our opinion, the financial slalements.. give a true 8nd fair view of the stale of the charity's affairs as at 31 March 2022 and of its incoming resources and appli¢alion of resources, for the year then ended., have been properly prepared in accordan with United Kingdom Generally ACpted Accounting practi., and have been prepared in accordance with the requirerllenls of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs sponSIbl1111eS for the audit ol the financial statements section of our report. We are independent of the Trust in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls 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 slalemenls, we have concluded that the Iruslees, use of the going Conce basis ol accounting in the preparation of the financial stslemenls Is appropriate. Based on the work we have performed, we have not identified any m81eri81 uncertainties relating to events or onditions that, individually or collectively, may cast significant doubl on the Trust's ability to continue as a going con¢em for a period of at least twelve months from when the financial slalemenls are authorised for issue. However, because not all future events or Conditions can be predicted this stslemenl is not a guarante& as lo the Trust's ability lo continue as a going Concern. 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 other information Comprises the information included in the annLJal report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information ¢ontained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistenl with the financial statemenis or our knowledge obtained in the course of the audit, or othernlSe appears to be materially misstated. If we idenb'fy such material inconsistencies or apparent material misstalements, we are required to determine whether Ihis gives rise to a materBI misstatement in the financial statements themselves. If, based on the worf( 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 lo report in this regard.
THE J & H ORLANDER TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE J & H ORLANDER TRUST Matters on which we are required to report by exception We have nothing to report in respect of the following matter5 in relation lo which the Charities (Accounts and Reports) Regulations 2008 require us lo report lo you if, in our opinion.. the information given in the financial ststements is inconsistent in any material respect with the trustees, report., or sufficient accounting records have not been kept., or the financial stalerllenls are not in agreement with the accounting records., or we have not received all the infomiation and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the stslemenl of Iruslees, responsibilities, the Trustees are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is n¢Ssary to enable the preparation of finan¢ial 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 Trust's ability to continue as a going COnM, disclosing, as applicable, matters related to going cOnM and using the going concem basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the finan¢ial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with Ihe Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial slalem&nts as a whole a free from material misststement, whether due lo fraud or error, and to issue an audito¢s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in a¢¢ordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individLJally or in the aggregate, they could reasonably be expected to influen the economic decisions of users tsken on the basis of these financial ststements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misststemenls in resped of irregul8rilies, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud, is detailed below. However, the primary responsibility for the prevents'on and deltrclion of fraud $1$ with both those Charged wrth governance of the enlily and management. The extent to which the audit was considered capable of detecting irregularities including fraud Our approach lo identifying and assessing the risks of material misslalement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competen, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations., we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the Charity sector., we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including, bul not limited lo, Charities Act 2011 and taxation legislation., we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting relevant correspondence., and identified laws and regulations were communicated within the audit team regularly and the team remained alert lo instsnces of non-compliance throughout the audit.
THE J & H ORLANDER TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE J & H ORLANDER TRUST We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. understanding the charitable objectives as part of the control and operating environment,. making enquiries of management as lo where they considered there was susceptibility lo fraud, their knowledge of actual, suspected and alleged fraud,. and considering the internal controls in pla to miligale risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we= performed analytical procedures lo identify any unusual or unexpected relationships., tested journal entries lo identify unusual transactions., assessed whether judgements and assumptions made in determining the accounting eslimales in note 2 were indicative of potential bias., and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-¢omplian¢e with laws and regulations, we designed procedures which in¢luded, but were not limited to.. agreeing financial statement disclosures to underlying supporting documenlalion., reading the minutes of meetings of those charged with governance,. enquiring of management as lo actual and potential litigation and claims., and reviewing correspondence and enquiring with the charity of actual and potential non-corNpliance with laws and regulations. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-complian with laws and regulations lo enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material miss18tements that arise due lo fraud Can be harder to delecl than those that arise from error 8$ they may involve deliberate ¢on¢e8lmenl by for example forgery, or intentional misrepresentstions or through collusion. Our audit procedures are designed lo dele¢l material misststemenl. We are note responsible for pventIng non- complian or fraud and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https=Il www.frc.org.uklaudilorsresponsibililies. This description forms part of our auditorfs report. Use ofour port This report is made solely to the charity's trustees, as a body, in accordance with regulations made under section 1 $4 of the Charilies Act 2011. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's 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 charity and its trustees as a body, for our audit work, for this rerK)rt, or for the opinions we have fomied. 2/t cr Gravlta ABG LLP 31st January 2023 Chartered A¢¢ountants Statutory Audltor 30 City Road London EC1Y 2AB Gravita ABG LLP is eligible for appointment as auditor of the Trust by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006
THE J & H ORLANDER TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Endowment funds fund5 Total 2022 Total 2021 Notes Investments Other income 53,200 84,517 137,717 122,670 Total income and endowments 53,200 84,517 137,717 122,672 Raising funds 35,633 6,375 42,008 34,906 Charitable activities 94,506 94,506 83,823 Total resources expended 130,139 6,375 136,514 118,729 Net gains on investments 12 272,750 238,250 511,000 186,274 Net incoming resources before transfers 195,811 316,392 512,203 190,217 Gross transfers beeen funds 84,517 184,5171 Net movement in funds 280,328 231,875 512,203 190,217 Fund balances al 1 April 2021 361,416 835,742 1,197,158 1,006,941 Fund balancès at 31 March 2022 641,744 1,067,617 1,709,361 1,197,158 The statement of financial activities includes all gains and losses recognised in the year.
THE J & H ORLANDER TRUST STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2022 2022 2021 Notes Fixed assets Investment properties Current assets Debtors Cash al bank and in hand 13 2,335,000 1,824,000 14 12,833 108,311 7,779 112,348 121,144 120,127 Creditors: amounts falling due within one year 146,9131 140,8701 Net current assets 74,231 79,257 Total a55ets less current liabilitie5 2,409,231 1,903,257 Creditors: amounts falling due after more than one year 16 1699,8701 1706,0991 Net assets 1,709,361 1,197,158 Endowment funds - expendable 17 (including revaluation reserve of £571,12712021.. £332,87711 1,067,617 835,742 Income funds Unreslricled funds 17 641,744 361,416 1,709,361 1,197,158 31 Jan 2023 The accounts were approved by the Trustees on R M Jackman Trusteo
THE J & H ORLANDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Charity information The J & H Orlander Trust is an unincorporated charity. The principal office address is No.1 London Bridge, London, SE1 9BG. Charity number 1039578. 1.1 Accounting convèntion The financial statements have been prepared in accordance with the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" The Trust is a Public Benefit Enlily as defined by FRS 102. The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo prepare a Stslemenl of Cash Flows. The financial statements are prepared in sterfing, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention, modified to include investment propeeS at fair value. The principal accounting policies adopted are set out below. 1.2 Going ¢on¢ern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Tntstees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitsble funds Unrestricted funds are available for use al the discretion of the Trustees in furtheran of their charitsble objectives. The Unreslricled general fund Can be used in accordance with the charitable objects at the discretion of the trustees. Expendable endowment funds are held by the Trust as a capital fund. The TrLJStees have discretion to convert the endowed capital into income. 1.4 Income Income is recognised when the Trust is legally enlilled lo il after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be received.
THE J & H ORLANDER TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies {Continuedl 1.5 Expenditure Expendilurtr is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured roliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributatAe to a single activity are allocated diredy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned betteen those activib'es on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Resources expended are accounted for on an accruals basis. The majority of costs are directly attributable to specific activities, and managing and administrative costs are allocated against the unrestricted fund. 1.6 Investment properties Investment propety. which is propety held to earn rentals andlor for Capital appr&ciation, is initially measured al cost and subsequently measured using the fair value model and stsled at ils fair value al the reporting end dale. The surplus or defi¢il on revaluation is re¢ognised in net incomellexpendilurel for the year. 1.7 Cash and cash oqulvalènts Cash and cash equivalents include cash in hand. 1.8 Flnanclal Instruments The Trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, of FRS 102 to all ol ils financial instruments. Financial instruments are recognised in the Trust's balan sheet when the Trust becomes party to the contractual provisions of the instrurllent. Financial assets and liabilities are offset, with the nel amounts presented in the financial slalernenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balans, are initially rneasured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classtfied as receivable within one year are not amortised. Derecognition of financial assets Financial assets are derecognised only when the conlraclual rights lo the cash flows from the asset expire or are settled, or when the Trust transfers the financial 8ssel and subslanli8lly 811 the risks and rewards ol ownership to another entity, or if some significant risks and rewards of ownership are retsined bul control ol the asset h8s transferred to another party that is able lo sell the asset in its entirely to an unrelated third party. 10-
THE J & H ORLANDER TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies {Continuedl Basic financial liabilities Basi¢ financial liabilities, including Creditors are initially gnised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted al a market rale of interest. Financial liabilities classrfied as payable within one year are not amortised. Debt instruments are subsequently Carried at amortised ¢ost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are classified as CLJrrent liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at Iransaction price and subsequently measured at amortised cost using the effective interest method. Dere¢ognition of finan¢ial liabilities Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or cancelled. Judgements and key sources of estlmatlon un¢ertalnty In the application of the Trust's accounting policies, the Trustees are required lo make judgements, estimates and assurnplions 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 lo be relevant. Actual results may differ from these e5tirnales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is ViSed where the revision affects lY that period. or in the period of th& revision and futu riodS where the rtrvision affects both currtrnl and future periods. Criti¢al judgements The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. Valuation of properties As described in note 13 to the Financial Statements, investment property is stated at fair value based on the valuation performed by a trustee in his capacity as a professional valuer with experience in location and category of propety valued. The valuer used observable market prices adjusted as necessary for any difference in the future, location and condition of the specific asset. Investments Unrestricted Endowment funds funds general 2022 Totsl Unrestricted Endowment funds funds general 2021 Total 2022 2022 2021 2021 Rental income 53,200 84,517 137,717 53,200 69,470 122,670
THE J & H ORLANDER TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 other income Unrèstricted funds Total 2022 2021 Other income Ralslng funds Unrestricted Endowment funds fund$ Total 2022 Total 2021 Bank interest Dire¢t $ts 25,912 25,912 25,182 Not& 4,227 4,227 2,191 Support costs Note 6&7 5,494 S,494 5,833 Expenditure on raising funds 35,633 35,633 33,206 6,375 6,375 1,700 35,633 6,375 42,008 34,906 SLJPPOrt costs include audil fees of £3,25012021'. £2,500). 12-
THE J & H ORLANDER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Analysis of resources expended Direct Costs Support Costs 2022 Finan costs Information technology Govemance costs Bank interesl and charges Legal and professional costs Repairs and mainlena¢ne 1,100 244 4,150 1,100 244 4,150 25,912 8,504 2,098 25,912 8,504 2,098 36,514 5,494 42,008 Direct costs Support costs 2021 Finan costs Information technology Govemance costs Bank interest and charges Legal and professional costs 2,235 242 5,056 2,235 242 5,056 25,182 2,191 25,182 2,191 27,373 7,533 34,906 Support costs 2022 2021 Finance costs Information technology Governance costs 1,100 244 4,150 2,235 242 5,056 5,494 7,533 Charltablo a¢tlvltlo$ Grants to Grants to individuals institutions Total 2022 Total 2021 Grant funding of activities Isee note 91 30,200 64,306 94,506 83,823 13-
THE J & H ORLANDER TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Grants payable 2022 2021 Grants to institutions.. United Jewish Israel Appeal The Movement for Reforrn Judaisrn Chai Cancer Care World Jewish ReliefAfghan Refugees Crisis Food Bank Aid JNF charitsble trust Zarach The Trussell Trust Separated Child Foundation Jewish Community Secondary School Other institutions North Wesl reforr Holocaust Educational Trust Refugees Community Kitchen JW3 Development North London Hospice BEARR Trusl Ukraine Appeal Noa Girfs 2,000 19,000 1,094 9,000 2,000 4,406 1,000 1,000 1,000 1,000 5,510 1.000 33,000 2,644 5,000 5,000 38,000 1,900 1,000 1,000 5,000 1,000 1,000 1,000 1,000 64,306 80,248 Grants lo individuals 30,200 3,575 94,506 83,823 The Trustees review a number of referrals from various sources, taking account of the Charitls objects, and approve grants based on the arcumstances relating to each referral. The number of individuals who reiVed grants during the year was 512021.. 31 10 Trustèos None of the Trustees lor any persons connected with them) ceIVed any remuneration during the year. 11 Employees The average monthly nurnber of employees during the year was.. Nil12021.' Nill. 14-
THE J & H ORLANDER TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 12 Net gainslllossesl on investments Unr8strictèd Endowmènt funds funds general 2022 Total Unrèstrict8d Endowment funds funds general 2021 Total 2022 2022 2021 2021 Revaluation of investment properties 272,750 238,250 511,000 140,4761 226,750 186,274 13 Investment property 2022 Fair value At 1 April 2021 Net gains through fair value adjustments 1,824,000 511,000 At 31 March 2022 2,335,000 The valuation of the investment properties was carried out at 31 March 2022 on an open market basis by one of the trustees, Robert Jackman, in his capacity as a chartered surveyor. No depreciation is provided in respect of these properties. If investment properties were slated on an historical cost basis rather than a fair value basis, amounts would have been induded as follows.. 2022 2021 Cost 1,531,599 1,531,599 14 Debtors 2022 2021 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued incorne 10,415 2,409 7,770 12,833 7,779 15-
THE J & H ORLANDER TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 Creditors: amounts falling due within one year 2022 2021 Trade creditors Other tsxation and social security Other creditors Accruals and deferred income 2,518 9,502 1,866 9,504 34,892 29,500 46,913 40,870 16 Creditors: amounts falling due after more than one year 2022 2021 Bank loans 699,870 706,099 The bank loan is secrued by way of a legal charge over the investment properties. The amount is repayable in 2024 and attracts an annual interest rate of 3.50/0 ovor LIBOR. 17 Analysis of net assets between funds Unrestricted Endowment funds funds 2022 2022 Total Unrestricted Endowment funds funds 2021 2021 Total 2022 2021 Fund balances al 31 March 2022 are reprosented by.. Investment properties Current assets Creditors 990,000 2,335,000 717,250 1,824,000 121,144 121,144 121,144 120,127 1469,4001 1277,3831 {746,7831 1475,9611 1271,0081 1746,9691 1,345,000 1,106,750 641,744 1,067,617 1,709,361 362,433 835,742 1,197,158 The Expendable endowment ftjnd was created on 27 June 1997, from a donation received from the Rowan Trust. The expendable endowment ftjnd can be used in accordan with the charitable objects at the discretion of the Trustees. 16-
THE J & H ORLANDER TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 18 Related party transactions Transactions with relatèd parties During the year the Trust entered into the following transactions with related parties.. During the year a grant of £3,00012021.. £3,000) was paid lo Gilad Jackman, the nephew of R M H Jackman, a Trustee of the Trust. This was lo assist with his ongoing welfare. During the year the surn of £2,30512021.. £2,191) was paid lo Howard Kennedy LLP for legal and professional advice lo the Trust. M Lewis is a consultsnt in that business and is a Trustee of the Trust. R Jackman has provided a personal guarantee in respect of the bank loan. During the year, the sum of £1,600 was paid to Ariella Gomori Jackman, the daughter of RMH Jackman, a Trustee of the Trust. This was in connection with providing administrative support for the day lo day operations of the Trust. 17-