**Charity number: 1063559** 

THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and administrative details of the charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 6|
|**Trustees' responsibilities statement**|7|
|**Independent auditor's report on the financial statements**|8 - 11|
|**Statement of financial activities**|12|
|**Balance sheet**|13|
|**Notes to the financial statements**|14 - 26|





**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021** 

|**Trustees**|Peter Swimer|
|---|---|
||Israel Weinstock|
||Dr David Krasner|
|**Charity registered**<br>**number**<br>1063559<br>**Principal office**<br>Ground Floor<br>Churchill House<br>120 Bunns Lane<br>Mill Hill<br>NW7 2AS<br>**Independent auditor**<br>Blick Rothenberg Audit LLP<br>Chartered Accountants<br>16 Great Queen Street<br>Covent Garden<br>London<br>WC2B 5AH<br>**Solicitors**<br>Howard Kennedy<br>No. 1 London Bridge<br>London<br>SE1 9BG<br>**Investment Managers**<br>Julius Baer International Ltd<br>1 St Martin's Le Grand<br>London<br>EC1A 4AS<br>**Investment Managers**<br>Canaccord Genuity Wealth Management<br>41 Lothbury<br>London<br>EC2R 7AE||



Page 1 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

**TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021** 

The Trustees present their annual report together with the financial statements of The Dyna and Fala Weinstock Charitable Trust for the year 1 April 2020 to 31 March 2021. 

The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document, the Charities Act 2011 and the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) 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** 

## **a. Policies and objectives** 

The trustees have the power under the Trust Deed to apply the Trust Fund for any charitable purpose at their absolute discretion. However the primary consideration of the trustees is to apply the Trust Fund for medical projects principally in relation to providing blood clinics and work towards the alleviation of symptoms of blood disorders, and research into and development of cures and treatments for sufferers of blood disorders. 

During the year the charity's objectives were to continue to support a wide variety of registered charities operating in medical, educational, cultural and poverty relief activities in the United Kingdom, Eastern Europe and Israel. 

The charity is able to achieve its objectives by the release of income and capital from its investment portfolio which is used to fund grants to other charitable organisations. 

The trustees have paid due regard to the Charity Commission's public benefit guidance in considering the Charity's objectives and activities. The trustees consider that any reader would be satisfied the actions of the charity work towards these objectives. 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. 

## **b. Grant-making policies** 

"The Charity’s policy on grant-making is to be primarily reactive and pragmatic, with the aim of selecting the best projects from applications received. Most grants are for core funding or capital projects." 

The trustees assess grant applications, taking into account key factors such as the extent of the need, evidence of effectiveness, capacity to deliver, and the length of time since the last grant was made to the applicant, as well as the charitable aims of the project. The trustees decide at their meetings which applicants to fund. 

Page 2 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** 

## **Objectives and activities (continued)** 

## **c. Applications for funding** 

Organisations who would like to apply to the Dyna and Fala Weinstock Charitable Trust for funding of projects are invited to submit a written application to the Trustees at: 

Dyna and Fala Weinstock Charitable Trust Ground Floor Churchill House 120 Bunns Lane Mill Hill NW7 2AS 

The charity will only accept applications from registered charities. Funding is provided for both core and capital project costs. 

The trustees meet regularly to review all applications which fall within the current priorities for funding and review each application within three months of receipt. Most of the grants awarded are one-off payments but recurring grants for up to a year may be made subject to specific conditions. These conditions include an annual progress review where payment of subsequent years' grants is dependent on the satisfactory outcome of the progress review or recipients being able to prove they have obtained full funding for the specific project. Further appeals from organisations will not normally be considered for three years from the date of the final award. 

Contact is maintained with recipients of grants formally through receipt of reports from charities or informally via the trustees visiting the donee. 

## **Achievements and performance** 

## **a. Main achievements of the charity** 

Donations by the Trust have helped alleviate the effects of poverty, ill health and abuse in the UK, Eastern Europe and Israel as well as advancing education in many fields. 

## **Highlights:** 

The Trust granted $150,000 to the British Friends of Rambam Medical Center, to support the centers unit for very sick chemotherapy patients within their Joseph Fishman Oncology Center. 

The Trust granted $365,000 to the Hadassah Medical Relief Association, to help fund the creation of a specialist Paediatric Cardiac Critical Care room within the Intensive Care Unit at Hadassah. 

The Trust granted £123,354 to The Merephdi Foundation to help the Foundation with its establishment of a new Brain Stroke Unit along with the renovation of the multi-sensory Snoezelen room. 

The Trust granted €98,280 to the British Friends of Hala Jerusalem Comprehensive Breast Center, in order to allow the clinic to purchase a state of the art ultrasound system. To allow it to continue to provide the most advanced, comprehensive breast cancer screening and diagnosis in Israel. 

Page 3 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** 

## **Achievements and performance (continued)** 

## **b. Investment policy and returns** 

Under the Deed of Variation, the trustees may invest or appropriate the Trust Fund as they think fit. Decisions of most of the Trustees present airing at any duly constituted meeting are valid and binding on all the Trustees. 

The trustees have engaged Julius Baer Group and Canaccord Genuity Wealth Management to provide them with professional investment management advice. 

As at 31 March 2021 the total funds were £6,126,828 an increase of 8.48% on the brought forward funds of £5,647,833. This is following a recovery of the stock markets this year. COVID-19 caused the stock markets to decrease substantially last year. 

The investments this year generated an net gain of £1,642,788 (2020 a loss of: £1,068,860). The Julius Baer portfolio is a few number of large investments, whereas the Canaccord Genuity Wealth Management investment portfolio holding is a larger number of investments at smaller values with the aim to diversify. The majority of this unrealised gain was due to the Julius Baer investments, where the few, large investments held have increased in value over the year. There was a smaller gain in the Canaccord Genuity Wealth Management investments. 

## **Financial review** 

## **a. Going concern** 

The income of the Trust is almost entirely derived from investments held by an investment portfolio managed by Julius Baer Group and Canaccord Genuity Wealth Management. The investment portfolios holds a diverse range of investments which reduce the investment holding risk. COVID-19 and the resulting lockdown saw a decline and then a recovery in global stock markets. The trustees are also aware of the possibility of reduced dividend and interest income. There are however significant unrestricted funds available and they consider that the Trust would continue to meet its obligations as they fall due. 

Thus the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

Page 4 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** 

## **b. Financial review** 

The financial developments of the Trust during the period are as shown in the attached financial statements. 

The principal funding source of the charity is investment income received in the form of dividends on equity shares and interest on cash balances. Realised gains on the disposal of equity investments are also a source of income. In the current year the income from investments has reduced significantly. This is due to continued additions to investments in the current year, and fewer disposals than in the prior year. 

Investments are held for growth under the management of professional custodians. The objective of the investment policy is to generate income that can be used to make grants in support of the charity's objectives. 

During the year, a number of investments were sold. A large gain was made due to the sale of shares that had been acquired by the trust at a low value and were held for a considerable length of time. Proceeds of £2,011,136 (2020: £2,359,241) were received and this was used to diversify the charity's investment portfolio as well as make donations to charitable organisations. The charitable organisations faced additional challenges, due to the COVID-19, which were taken into account by the trustees when considering the grant allocations. The trustees are pleased to report that the total donations agreed in the year were £1,477,448 (2020: £934,407) which were all made to charitable institutions. 

As at 31 March 2021, the reserves of the Trust amounted to £5,939,311 (2020: £5,732,495). The policy of the trustees is to hold the income of the charity in reserves until suitable charitable causes are identified. While the current year shows a net reduction in the funds of the charity, the trustees' commitment to making grants to institutions to fund projects which work towards the objectives of the charity. 

## **Structure, governance and management** 

## **a. Constitution** 

The Dyna and Fala Weinstock Charitable Trust is a unincorporated registered charity, number 1063559. The Trust was established and is governed by the Deed of Variation in the Estate of the Late Dyna Malka MlynekWajnsztok dated 4 June 1997. 

## **b. Methods of appointment or election of Trustees** 

Under the Deed of Variation, the power of appointing new trustees of the charity was vested in Fala Weinstock (deceased). Since her death on 1 August 2001, a trustee may be appointed or discharged by a resolution of a meeting of the trustees. None of the trustees has any beneficial interest in the charity. 

New trustees undergo an orientation day to brief them on their legal obligations under charity law, the committee, the decision making process, the business plan and recent financial performance of the Charity. Trustees are encouraged to attend appropriate external training events which will facilitate the undertaking of their role. 

Due to the size of the charity the trustees do not have official roles. Decisions are taken jointly at meetings of the trustees. 

## **c. Risk management** 

The Charity has a risk register maintained by the trustees. The register is reviewed on a regular basis at the meetings of trustees. Systems and procedures have been put in place to manage those risks. In particular, risk is managed by the trustees who ensure it is considered and integral element of all decision making and identify appropriate procedures to ensure that risk levels are acceptable in each case. 

Page 5 



THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENOEO 31 MARCH 2021
Pla￿ for futur• p•rlods
To dislribule funds to a rnrvJo of chaiitable instituiions. focLLsing mainty, but r￿t exdusivety, on the slated obJ8cts
of the trust.
To Per￿tUat¥ lh• mwnory of fyna and FaLg Vleinst¢Kk through ¢ommorTK*rabon8 a38rtiated wth larger
don*K>ns.
To manage tho as8ets oflhe Iwst in a pr￿Jent manner, wth the benefit of PTofession81 advu.
018closur• Of Inforniatlon to audltor
Each of Ihe pernons who a￿ Tru8le•s at the lfft wl*n IhpJ Tru8tee8' r•port 18 4)proved has confirmed that..
lo far as th* Trusl•e i8 awar•. there o no rthnt audrt inlomwion of whth tho ehgriws audilor 18
unawa￿, and
that Trusloo has lak•n all the $18ps that ought to haw bwn tak•n ￿ a TnTrstee in order lo bo awar& of
#ny r8lov•nt audit inlomwtion al￿ to e818bltsh thyl the chariV* auditor rd thar8 ofthat informatson.
Auditor
The audrtor, 81ick Rothenberg A￿$rt LLP. has iTrJicat8d hi8 willingness to continue in office. The d8swnaled
Truslees will proposo 8 motion r•appointing the oudtior at 8 m•eling of Trusti•88.
AppfOV¢(I by order of the membws of IM board ofTrus1oe• and BvJned on th￿[ bghall by..
P•l•r Swlm•r
Trustee
nstock
Trustee
Dr Oavld Krasn•r
Trust•e
Date.. 22 November 2021
P￿8

THE DYNA ANO FALA WEINSTOCK CHARITABLE TRUST
STATEMENT OF TRUSTEES. RESPONSIBIUTIES
FOR THE YEAR ENDED 31 MARCH 2021
The Trustees are rgspon$ible lof preparing the Trustees. report and Ihè financial statements In accordancè with
applicable law and Unrted King￿ AccountiThJ Standards (Unrted Kingdom Generally Accept$d Accounting
PraCt￿e).
The law appl￿b￿ to charities in England & Iva￿$ roquires the TnJslee5 to preparo financial statèm8nts lor
each financial yèar whch gN• a Irue and fair of the 5tal• ol affairs of the chgrty and of its inctsming
re50urce$ and applution ol resources. includirvJ rts inco￿￿ and éxpenditure. for that peTKJd. In pr•paring thèsè
financial statements. the TrLTrStogs are r8qvired to..
select suf(ablo 8¢￿Unting pOl￿￿S and then appty them conwstsnlly,"
observe the mothods and principles of the CharilN?s SORP IFRS 1021-
make judgment$ 8fid accountiThJ estimates thal are reasonable and Pfud8nt,'
state wh¢th¢r appI￿abl0 UK AccounlirvJ Slandards IFRS 1021 have b￿n followed. subjoct to ony materi81
d8parture$ disclosed and expk3ined in the finan¢ial statements,.
prepare the financkql 3tatem¢nts on th• wrKJ concem basis unless rt i• inappropriat8 lo presUn￿ that the
chairty will conts"nu8 in businoss.
Th• Tfusla•s are lesponsi￿e k¢eping ad¢qu*• xcounling records th* arè 5Lrfici&nt lo show 8nd explain
the ¢harity'$ transactions and drscbse with reasonabk a￿￿rac¥ at any time the financol position of the charity
and enabl¥ them to •n$ure that the finanryal slalem¢rtt$ comply with the Charities Act 2011, the Charrty
(Accounts and Réportsl R•gulalKJns 2008 and the provisions of thè Tfusl de8d. They are alw r¢$ponsibl• lor
safeguarding the ¥$$¢t8 ol the ch•rrty and hence lor taking reasonablo $top$ for tho prevention and d&t¢¢lion ol
fraud and other iiregulwilw.
Approv•d by order of tho membefs of t￿ board of Truslo88 and svJn&J on its b•hall by..
P•ter Swlm•i
Trustee
ml
Truslta
In8tock
Dr Davld Kra$n•r
Trustse
Dat•".
22 November 2￿21
Pa3e 7

**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

## **FOR THE YEAR ENDED 31 MARCH 2021** 

## **Opinion** 

We have audited the financial statements of The Dyna and Fala Weinstock Charitable Trust (the 'charity') for the year ended 31 March 2021 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

In our opinion the financial statements: 

- give a true and fair view of the state of the charity's affairs as at 31 March 2021 and of its incoming resources and application of resources for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## **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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 charity'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. 

Page 8 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** 

## **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 Auditor's report thereon. Our opinion on the financial statements does not cover the other information and 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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. 

## **Matters on which we are required to report by exception** 

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: 

- the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or 

- sufficient accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Trustees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements which 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 charity'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 charity or to cease operations, or have no realistic alternative but to do so. 

Page 9 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** 

## **Auditor's responsibilities for the audit of the financial statements** 

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

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 an Auditor's report 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. 

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

- the engagement partner ensured that the engagement team collectively had the appropriate competence 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 from our commercial knowledge and experience of grant-making charities; 

- 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 Fund, including the Charities (Accounts and Reports) Regulations 2008, Charities Act 2011 and Charity Law, taxation legislation and data protection and antibribery; 

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and 

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit 

We assessed the susceptibility of the Fund’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: 

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and 

- considering the internal controls in place to mitigate 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 to identify any unusual or unexpected relationships; 

- tested a sample of cash book entries to identify unusual transactions; 

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and 

- investigated the rationale behind significant or unusual transactions. 

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: 

- agreeing financial statement disclosures to underlying supporting documentation; 

- reading the minutes of meetings of those charged with governance; 

- enquiring of management as to actual and potential litigation and claims; and 

- reviewing correspondence with HMRC and the Charity Commission 

Page 10 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

**INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** 

## **Auditor's responsibilities for the audit of the financial statements (continued)** 

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-compliance with laws and regulations to enquiry of the corporate trustee and other management and the inspection of regulatory and legal correspondence, if any. 

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. 

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 Auditor's report. 

## **Use of our report** 

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 report, or for the opinions we have formed. 


## **Blick Rothenberg Audit LLP** 

Chartered Accountants Statutory Auditor 16 Great Queen Street Covent Garden London WC2B 5AH 

23 November 2021 

Blick Rothenberg Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. 

Page 11 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** 

|**Note**<br>**Income from:**<br>Investments<br>3<br>Other income<br>4<br>**Total income**<br>**Expenditure on:**<br>Raising funds<br>5<br>Charitable activities<br>7<br>**Total expenditure**<br>**Net expenditure before net gains/(losses) on**<br>**investments**<br>Net gains/(losses) on investments<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>Net movement in funds<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**2021**<br>**£**<br>**137,905**<br>**-**<br>**137,905**<br>**25,337**<br>**1,548,540**<br>**1,573,877**<br>**(1,435,972)**<br>**1,642,788**<br>**206,816**<br>**5,732,495**<br>**206,816**<br>**5,939,311**|**Total**<br>**funds**<br>**2021**<br>**£**<br>**137,905**<br>**-**<br>**137,905**<br>**25,337**<br>**1,548,540**<br>**1,573,877**<br>**(1,435,972)**<br>**1,642,788**<br>**206,816**<br>**5,732,495**<br>**206,816**<br>**5,939,311**|_Total_<br>_funds_<br>_2020_<br>_£_<br>_237,443_<br>_85_<br>_237,528_<br>_23,037_<br>_1,049,203_<br>_1,072,240_<br>_(834,712)_<br>_(1,068,860)_<br>_(1,903,572)_<br>_7,636,067_<br>_(1,903,572)_<br>_5,732,495_|
|---|---|---|---|



The Statement of financial activities includes all gains and losses recognised in the year. 

The notes on pages 14 to 26 form part of these financial statements. 

Page 12 



THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST
BALANCE SHEET
FOR THE YEAR ENDEO 31 MARCH 2021
2021
2020
Flxèd a¥$•ts
Investmonts
6.126.828
5,647.833
6.126.828
5.64T.833
Current as*3
D$btor$
Cash at bank and in hand
12
12,274
17,097
257.607
465.114
274, 704
Cr¢drtOfS.' ￿ntS falling due ￿thin or•
year
13
1652.631)
{190,042J
N•t curr•nt Ilablllll•s l ass•i•
1187,S171
84,662
Total ai*et• I￿¥ curr•nt Ilabllltlag
5,939,311
5,732,495
N•t •xcludlng p•nslon •ss•t
5,939.311
5732,d95
Total n•t aM•ts
6,939.311
&732.495
Ch•rlty funds
Unreslricttsd funds
15
5.939,311
732,495
Total funds
S.939,311
5. 732,495
The financwl stal•rrnnt8 %￿ra 8PPfov8<1 and aulhon58d for isgu• ty th• Twsle•s and sign•d on thair b•hall by..
Jr_
P•t•r Swim•r
Trusta•
Israe
TrL¢Slee
Dr Davld Krasn8r
Trustee
Dote.
22 November2021
The rsote5 on page$ 14 to 26 fom part of these finanual stat&m•nts.
P•Jtr 13

**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **1. General information** 

The Dyna and Fala Weinstock Charitable Trust is a charity registered in England and Wales. The Charity's registered number is 1063559 and the principal office is Ground Floor, Churchill House, 120 Bunns Lane, Mill Hill, NW7 2AS. 

The financial statements are presented in Sterling (£). 

## **2. Accounting policies** 

## **2.1 Basis of preparation of financial statements** 

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice. 

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

The Dyna and Fala Weinstock Charitable Trust meets the definition of a public benefit entity under FRS 102. 

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## **2.2 Going concern** 

After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 

## **2.3 Income** 

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probate when the amounts can be measured reliably, and the charity has been notified of the executor's intention to made a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as contingent asset and disclosed if material. 

Page 14 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **2. Accounting policies (continued)** 

## **2.4 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to 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 reliably. Expenditure is classified under the following activity headings: 

- Cost of raising funds comprise the costs of exchange gains or losses and any foreign dividend tax charges. 

- Charitable activities includes the governance costs which are the costs incurred with administration of the charity, and the donation expenditure. 

- Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. 

- Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. 

- Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities. 

All expenditure is inclusive of irrecoverable VAT. 

## **2.5 Interest receivable** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 

## **2.6 Foreign currencies** 

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date. 

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. 

Exchange gains and losses are recognised in the Statement of financial activities. 

## **2.7 Investments** 

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. 

## **2.8 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

Page 15 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **2. Accounting policies (continued)** 

## **2.9 Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 

Investment income, gains and losses are allocated to the appropriate fund. 

## **2.10 Financial instruments** 

The charity has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. 

Financial assets and financial liabilities are recognised when the charity becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. 

The charity’s policies for its major classes of financial assets and financial liabilities are set out below. 

## **Financial assets** 

Basic financial assets, including other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. 

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. 

## **Financial liabilities** 

Basic financial liabilities, including trade and other creditors are initially recognised 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 at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 

Page 16 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **2. Accounting policies (continued)** 

## **Financial instruments (continued)** 

## **Impairment of financial assets** 

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. 

## **Derecognition of financial assets and financial liabilities** 

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. 

## **Offsetting of financial assets and financial liabilities** 

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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. 

## **2.11 Contingent liability** 

In accordance with the SORP, a contingent liability is disclosed for those grants which do not represent liabilities, where the possible obligation, which arises from past events, will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees' control. 

Page 17 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **3. Investment income** 

|**Unrestricted**<br>**funds**<br>**2021**<br>**£**<br>Income from local listed investments<br>43,246<br>Investment income - foreign listed investments<br>66,028<br>Interest receivable on listed investments<br>28,631<br>137,905<br>_Unrestricted_<br>_funds_<br>_2020_<br>_£_<br>Income from local listed investments<br>_43,189_<br>Investment income - foreign listed investments<br>_156,865_<br>Interest receivable on listed investments<br>_37,389_<br>_237,443_|**Total**<br>**funds**<br>**2021**<br>**£**<br>**43,246**<br>**66,028**<br>**28,631**|
|---|---|
||**137,905**|
||_Total_<br>_funds_<br>_2020_<br>_£_<br>_43,189_<br>_156,865_<br>_37,389_|
||_237,443_|



## **4. Other incoming resources** 

|Interest receivable<br>_Unrestricted_<br>_funds_<br>_2020_<br>_£_<br>Interest receivable<br>_85_|**Total**<br>**funds**<br>**2021**<br>**£**<br>**-**|
|---|---|
||_Total_<br>_funds_<br>_2020_<br>_£_<br>_85_|



Page 18 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **5. Investment management costs** 

|**Unrestricted**<br>**funds**<br>**2021**<br>**£**<br>Irrecoverable tax on foreign dividend income<br>9,044<br>(Profit)/Loss on foreign exchange<br>16,293<br>25,337<br>_Unrestricted_<br>_funds_<br>_2020_<br>_£_<br>Irrecoverable tax on foreign dividend income<br>_19,063_<br>(Profit)/Loss on foreign exchange<br>_3,974_<br>_23,037_|**Total**<br>**funds**<br>**2021**<br>**£**<br>**9,044**<br>**16,293**|
|---|---|
||**25,337**|
||_Total_<br>_funds_<br>_2020_<br>_£_<br>_19,063_<br>_3,974_|
||_23,037_|



## **6. Analysis of grants** 

|Institutional grants<br>Institutional grants|**Grants to**<br>**Institutions**<br>**2021**<br>**£**<br>1,477,448<br>_Grants to_<br>_Institutions_<br>_2020_<br>_£_<br>_934,407_|**Total**<br>**funds**<br>**2021**<br>**£**<br>**1,477,448**|
|---|---|---|
|||_Total_<br>_funds_<br>_2020_<br>_£_<br>_934,407_|



Page 19 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

**.** 

The charity has made the following material grants to institutions during the year: 

|Beth Shalom Limited<br>British Emunah Fund<br>British Friends of Aleh<br>The British Friends of Beth Lohamei Hagetaot<br>British Friends of Hala Jerusalem Comprehensive Breast Center<br>British Friends of Jaffa Institute<br>British Friends of Kishorit<br>British Friends of Rambam Medical Center<br>British Friends of Shuvu<br>British Friends of United Hatzalah of Israel<br>Camp Simcha<br>The Central British Fund for World Jewish Relief<br>Chai-Lifeline Cancer Care<br>Community Security Trust<br>Friends of Beit Issie Shapiro<br>Friends of Mayanei Hayeshua Medical Center Limited<br>Friends of Yad Sarah<br>Hadassah Medical Relief Association<br>Hatzola Trust Limited<br>Jewish Women's Aid Limited<br>JNF Charitable Trust<br>The Kemach Foundation<br>Kisharon<br>Laniado Hospital UK<br>Magen David Adom UK<br>The Merephdi Foundation<br>Moreshet Hatorah Limited<br>Norwood Ravenswood<br>Noam Educational Trust<br>The Royal Free Charity<br>Shaare Zedek UK<br>Sinai Jewish Primary School<br>Soroka Medical Center<br>Tikva UK<br>UK Gives Ltd<br>UK Friends of Yad Yisroel Incorporating Sponsor a Meal Foundation<br>UK Toremet Limited<br>Other donations|**2021**<br>**£**<br>**25,000**<br>**60,000**<br>**14,436**<br>**100,000**<br>**88,000**<br>**34,000**<br>**10,000**<br>**119,800**<br>**23,250**<br>**30,750**<br>**40,000**<br>**50,000**<br>**-**<br>**20,000**<br>**-**<br>**64,437**<br>**-**<br>**294,333**<br>**75,000**<br>**-**<br>**10,000**<br>**18,160**<br>**-**<br>**14,436**<br>**-**<br>**123,354**<br>**20,000**<br>**10,000**<br>**-**<br>**15,000**<br>**14,437**<br>**-**<br>**127,125**<br>**-**<br>**20,500**<br>**18,161**<br>**-**<br>**37,269**<br>**1,477,448**|_2020_<br>_£_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_25,000_<br>_27,000_<br>_40,000_<br>_-_<br>_10,000_<br>_-_<br>_50,000_<br>_-_<br>_40,000_<br>_-_<br>_-_<br>_20,000_<br>_5,000_<br>_-_<br>_20,000_<br>_195,304_<br>_25,000_<br>_-_<br>_-_<br>_-_<br>_36,000_<br>_-_<br>_-_<br>_10,000_<br>_-_<br>_200,469_<br>_-_<br>_-_<br>_194,134_<br>_36,500_|
|---|---|---|
|||_934,407_|



Page 20 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **7. Analysis of expenditure on charitable activities** 

## **Summary by fund type** 

|**Unrestricted**<br>**funds**<br>**2021**<br>**£**<br>Institutional grants<br>1,477,448<br>Legal and professional<br>24,493<br>Accountancy fees<br>1,762<br>Auditors' remuneration<br>7,440<br>Bank charges<br>37,397<br>1,548,540<br>_Unrestricted_<br>_funds_<br>_2020_<br>_£_<br>Institutional grants<br>_934,407_<br>Legal and professional<br>_63,495_<br>Accountancy fees<br>_1,187_<br>Auditors' remuneration<br>_7,440_<br>Bank charges<br>_42,674_<br>_1,049,203_|**Total**<br>**funds**<br>**2021**<br>**£**<br>**1,477,448**<br>**24,493**<br>**1,762**<br>**7,440**<br>**37,397**|
|---|---|
||**1,548,540**|
||_Total_<br>_funds_<br>_2020_<br>_£_<br>_934,407_<br>_63,495_<br>_1,187_<br>_7,440_<br>_42,674_|
||_1,049,203_|



Page 21 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **8. Analysis of expenditure by activities** 

|**Grant**<br>**funding of**<br>**activities**<br>**2021**<br>**£**<br>Institutional grants<br>1,477,448<br>Legal and professional<br>-<br>Accountancy fees<br>-<br>Auditors' remuneration<br>-<br>Bank charges<br>-<br>1,477,448<br>_Grant_<br>_funding of_<br>_activities_<br>_2020_<br>_£_<br>Institutional grants<br>_934,407_<br>Legal and professional<br>_-_<br>Accountancy fees<br>_-_<br>Auditors' remuneration<br>_-_<br>Bank charges<br>_-_<br>_934,407_<br>**9.**<br>**Auditor's remuneration**<br>Fees payable to the charity's auditor for the audit of the charity's annual<br>accounts<br>Fees payable to the charity's auditor in respect of:<br>All non-audit services not included above|**Support**<br>**costs**<br>**2021**<br>**£**<br>-<br>24,493<br>1,762<br>7,440<br>37,397<br>71,092<br>_Support_<br>_costs_<br>_2020_<br>_£_<br>_-_<br>_63,495_<br>_1,187_<br>_7,440_<br>_42,674_<br>_114,796_<br>**2021**<br>**£**<br>**7,440**<br>**960**|**Total**<br>**funds**<br>**2021**<br>**£**<br>**1,477,448**<br>**24,493**<br>**1,762**<br>**7,440**<br>**37,397**|
|---|---|---|
|||**1,548,540**|
|||_Total_<br>_funds_<br>_2020_<br>_£_<br>_934,407_<br>_63,495_<br>_1,187_<br>_7,440_<br>_42,674_|
|||_1,049,203_|
|||_2020_<br>_£_<br>_7,440_<br>_960_|



Page 22 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **10. Trustees' remuneration and expenses** 

During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ . 

During the year ended 31 March 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ . 

## **11. Fixed asset investments** 

|**Valuation**<br>At 1 April 2020<br>Additions<br>Disposals<br>Revaluations<br>**At 31 March 2021**<br>**Net book value**<br>**At 31 March 2021**<br>_At 31 March 2020_|**Investments**<br>**£**<br>**5,647,833**<br>**847,343**<br>**(1,837,592)**<br>**1,469,244**|
|---|---|
||**6,126,828**|
||**6,126,828**|
||_5,647,833_|



If listed investments had been valued under the historical cost convention they would have been included in the balance sheet at a cost of £3,538,635 (2020: £3,569,784). 

Investments at market value comprised: 

|Investments listed on UK stock exchange<br>Investments listed on non-UK stock exchange|**2021**<br>**£**<br>**2,180,825**<br>**3,946,003**<br>**6,126,828**|_2020_<br>_£_<br>_1,763,134_<br>_3,884,699_<br>_5,647,833_|
|---|---|---|



Page 23 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

The Trustees consider that the following investment holdings were material at the year end: 

|Antofagasta<br>Unilever<br>SHS Finecobank SPA<br>SHS Telefon Ericsson<br>SHS Spotify Technology SA<br>Novartis AG<br>Boeing Corp<br>Kijima Corp<br>Cyberark Software Limited<br>HSBC Investment Funds<br>Tencent Holdings Limited<br>Alphabet Inc Capital Stock<br>Paypal Holdings Inc<br>Legal and General UCITS ETF PLC L&G Cyber Sec<br>Legal and General UCITS ETF PLC Robo Global<br>Polar Cap GBL Healthcare Trust PLC<br>Polar Capital Technology Trust<br>Rio Tinto<br>RIT Capital Partners<br>Antofagasta ORD|**2021**<br>**£**<br>**706,505**<br>**331,619**<br>**164,643**<br>**360,317**<br>**152,454**<br>**139,953**<br>**172,804**<br>**437,943**<br>**384,353**<br>**136,175**<br>**150,528**<br>**149,637**<br>**232,207**<br>**217,350**<br>**166,439**<br>**147,733**<br>**262,800**<br>**199,764**<br>**146,814**<br>**219,635**|
|---|---|
||**4,879,673**|



## **12. Debtors** 

||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|Prepayments and accrued income|**12,274**|_17,097_|



## **13. Creditors: Amounts falling due within one year** 

|Trade creditors<br>Accruals and deferred income|**2021**<br>**£**<br>**644,231**<br>**8,400**<br>**652,631**|_2020_<br>_£_<br>_181,642_<br>_8,400_|
|---|---|---|
||||
|||_190,042_|



Page 24 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **14. Financial instruments** 

||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**6,126,828**|_5,647,833_|



Financial assets measured at fair value through income and expenditure comprise listed investments held within an investment portfolio. 

## **15. Statement of funds** 

## **Statement of funds - current year** 

||||||**Balance at**|
|---|---|---|---|---|---|
||**Balance at 1**|||**Gains/**|**31 March**|
||**April 2020**|**Income**|**Expenditure**|**(Losses)**|**2021**|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**||||||
|Reserves|**5,732,495**|**137,905**|**(1,573,877)**|**1,642,788**|**5,939,311**|
|**Statement of funds - prior year**||||||
||||||_Balance at_|
||_Balance at_|||_Gains/_|_31 March_|
||_1 April 2019_|_Income_|_Expenditure_|_(Losses)_|_2020_|
||_£_|_£_|_£_|_£_|_£_|
|**Unrestricted funds**||||||
|Reserves|_7,636,067_|_237,528_|_(1,072,240)_|_(1,068,860)_|_5,732,495_|



Page 25 



**THE DYNA AND FALA WEINSTOCK CHARITABLE TRUST** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **16. Analysis of net assets between funds** 

## **Analysis of net assets between funds - current year** 

|**Unrestricted**<br>**funds**<br>**2021**<br>**£**<br>Fixed asset investments<br>6,126,828<br>Current assets<br>465,114<br>Creditors due within one year<br>(652,631)<br>**Total**<br>5,939,311|**Total**<br>**funds**<br>**2021**<br>**£**<br>**6,126,828**<br>**465,114**<br>**(652,631)**<br>**5,939,311**|
|---|---|



## **Analysis of net assets between funds - prior year** 

|Fixed asset investments<br>Current assets<br>Creditors due within one year<br>**Total**|_Unrestricted_<br>_funds_<br>_2020_<br>_£_<br>5,647,833<br>274,704<br>(190,042)<br>5,732,495|_Total_<br>_funds_<br>_2020_<br>_£_<br>_5,647,833_<br>_274,704_<br>_(190,042)_<br>_5,732,495_|
|---|---|---|



## **17. Contingent liabilities** 

At the balance sheet date, the Trust had a contingent liability balance of £36,321 (2020: £161,642). These balances represent amounts agreed as donations, but which are subject to conditions outside the control of the Trustees which must be satisfied before the donation is made. 

## **18. Related party transactions** 

The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 March 2021. 

Page 26