| Page | |||||
|---|---|---|---|---|---|
| Rcport ofthe Trustees | I | to | g | ||
| Report ofthe Independent Auditors |
9 | to | 11 | ||
| Statement of Financial |
Activities | 12 | |||
| Balance Sheet | |||||
| Notes to the Financial | Statements | 14 | to | 25 | |
| Detailed Statement of | Financial | Activities | 26 | to | 27 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | |||||
| INCOME AND ENDOWMFNTS | FROM | ||||
| Donations and legacies |
55,080 | 102,319 | |||
| investment income |
55,128 | 80,033 | |||
| Total | 110,208 | 182,352 | |||
| EXPENDITURE ON | |||||
| Raising funds | 87,222 | 87,878 | |||
| Charitable activities |
|||||
| Making grants to institutions | 345,122 | 403,112 | |||
| Governance | 5,442 | 7,658 | |||
| Other | 30,490 | 27,922 | |||
| Total | 468,276 | 526,570 | |||
| Net gains on investments | 500,300 | 134,638 | |||
| NFT INCOME/(EXPENDITURE) | 142,232 | (209,580) | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 6,128,105 | 6,337,685 | ||
| TOTAL FUNDS CARRIED FORWARD | 6,270,337 | 6,128,105 |
| Balance Sheet 31 March 2021 |
||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | ||||
| FIXEDASSFTS | ||||
| Investments | 10 | 6,283,253 | 6,151,898 | |
| CURRENT ASSETS | ||||
| Prepayments and accrued |
income | 14,591 | 20,128 | |
| CREDITORS | ||||
| Amounts falling due within |
one year | (27,507) | (43,921) | |
| NET CURRENT ASSETS | (12,916) | (2o,79~) | ||
| TOTAL ASSETS LESS CURRENT | ||||
| LIABILITIFS | 6,270,337 | 6,128, 105 | ||
| NFT ASSETS | 6,270,337 | 6,128, 105 | ||
| FUNDS | 12 | |||
| Unrestricted funds |
6,270,337 | 6,128, 105 | ||
| TOTAL FLINDS | 6,270,337 | 6,128,105 |
| DONAT | IO | NS | ANI) LEGACIES | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | 'I otal | ||||
| funds | funds | ||||
| (iifts | 44,594 | ||||
| Donated | services and facilities | 55,080 | 52,800 | ||
| Unused | grants | repaid | 4,925 | ||
| 55,080 | 102,319 | ||||
| INVESTMFNT INCOMF. | |||||
| 2021 | 2020 | ||||
| Unrestricted | Total | ||||
| funds | funds | ||||
| f | |||||
| investment | portt'olio | 55,128 | 79,991 | ||
| Royalties | 42 | ||||
| 55,128 | 80,033 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Unrestricted | 'I'ota I |
|||
| fuiids | funds | |||
| Portfolio | management | 32.142 | 35,078 | |
| Portrait | Collection | management | 55,080 | 52,800 |
| 87,222 | 87,878 |
| GRANTS PAyABLE | ||
|---|---|---|
| 2021 | 2020 | |
| Making grants to institutions | 345,122 | 403,112 |
| UK Charitable Institutions: |
UK Charitable Institutions: |
|||||
|---|---|---|---|---|---|---|
| Azamrah Youth Club |
1,112 | |||||
| B'nai Brith Hillel Foundation | 6,670 | |||||
| British Library | 2,688 | |||||
| Camp Simcha | 5,500 | |||||
| CCJO Rene Cassin | 1,500 | |||||
| Clapton Common Boys Club |
3,500 | |||||
| Dash Arts | 2,000 | |||||
| Edgware and Hendon |
Reform | Synagogue | 5,000 | |||
| Ezra Umarpeth | 5,000 | |||||
| Federation ofJewish | Services | 5,559 | ||||
| Generation to Generation |
1,500 | |||||
| Gesher EU Support Network | 3,292 | |||||
| Give it forward today |
1,000 | |||||
| Holocaust Memorial |
Day | 2,000 | ||||
| Ilot I.ine Meals Service | 2,000 | |||||
| Institute for Jewish Policy |
3,000 | |||||
| Israel Story | 2,223 | |||||
| Israeli Dance Institute | 1,500 | |||||
| Jewish Association for Peer Tr Jewish Bereavement Counsel li |
sining ng |
Programme | 4,500 | 5,559 | ||
| Jewish Blind and Disabled | 2,000 | |||||
| Jewish Book Council | 4,000 | |||||
| Jewish Care | 11,000 | 4,447 | ||||
| Jewish Care - Kosher | Meals on | Wheels | 4,411 | |||
| Jewish Leadership Council |
3,000 | |||||
| Jewish Music Institute | 10,931 | |||||
| Jewish Women's Aid |
8,822 | |||||
| Jews College | 1,000 | |||||
| Jews 'I'emporary Shelter |
2,000 | |||||
| JLGB | 6,670 | |||||
| Just Kidding | 1,000 | |||||
| JW3 Gateway | 3,335 | |||||
| Kashctuk | 2,223 | |||||
| Kids m the Spotlight | 1,668 | |||||
| Kisharon | 5,559 | |||||
| Langdon Foundation |
3,000 | |||||
| I.eo 13acck College | 5,000 | |||||
| I.ighthouse | 1,668 | |||||
| I.immud 2020 Festival | 8,271 | |||||
| Maccabi GB | 4,000 | |||||
| March ofthe Living | 2,000 | |||||
| Masorti Judaism | 5,500 | |||||
| Mavcr | 3,000 | |||||
| Merseyside Jewish Community |
2,779 | |||||
| Mesila UK Ltd | 1,112 | |||||
| Mitzvah Day UK |
10,931 | |||||
| Moishe House | 4,000 | |||||
| Mother to Mother Ltd | 1,500 | |||||
| Naom Masorti Youth | 2,779 | |||||
| New Israel Fund | 1,200 | |||||
| Noa Girls | 3.500 | |||||
| Naoni Masorti Youth |
- Roshim | Senior | Leadership | 2,81s | ||
| :Jotwood Ravenswood | 4,000 | 4.411 | ||||
| ORT UK | 2,000 |
| GRANTS PAYABLE | — | c | on | tinued | |||||
|---|---|---|---|---|---|---|---|---|---|
| Prism - thc Gift Fund | 6,000 | ||||||||
| Re~olve Now | 1,112 | ||||||||
| Resource | 6,000 | ||||||||
| Sad eh - on |
the | Farm Worl | shops | 2,223 | |||||
| Scottish Jewish Archives | 2,000 | ||||||||
| Sephardi Voices |
5 559 | ||||||||
| Simon Marks Primary | School Trust | 1,500 | |||||||
| Sonshine Club |
500 | ||||||||
| St Albans Masorti Synagogue |
1,500 | ||||||||
| Step by Step 'I'hc Anne Frank Trust |
1,500 2,000 |
||||||||
| The llradians Trust |
2, 196 | ||||||||
| The I1olocaust Educational | Trust | 1,500 | |||||||
| The interlink I'oundation |
6,000 | ||||||||
| The Jewish Association | for | Mental | llealth | Awareness | 3,308 | ||||
| The Jewish Council for | Racial Equality | 2,779 | |||||||
| The Jewish Volunteering | Networl. | 4,000 | |||||||
| The Jewsih Deaf Association | 4,447 | ||||||||
| 'I'he Larches I'rust |
3,860 | ||||||||
| The Movement for Reform |
Judaism | 9,211 | |||||||
| Thc PapenveightTrust | 2,000 | ||||||||
| 1'he 'fogether Plan |
1,800 | ||||||||
| Tuniing Corners |
1,112 | ||||||||
| Taedek | 3,000 | ||||||||
| UK Jewish Film Ltd | 7,000 | ||||||||
| United Jewish Israel Appeal |
5,000 | ||||||||
| University Jcwsih Chaplaincy |
3,308 | ||||||||
| Woolf Institute | 2,000 | ||||||||
| Young and Inspired | 1,668 | ||||||||
| Youth on thc Move | 1,000 | ||||||||
| RSI I'rust |
2,206 | ||||||||
| 155 000 | 152,924 | ||||||||
| Israeli Charitable Institutions |
|||||||||
| Beit Midrash Har'el |
10,000 | ||||||||
| Beterem- youth educational | programme | 17,000 | |||||||
| Mahalach I'undh |
10,000 | ||||||||
| Momentum | 22,017 | ||||||||
| 59,017 | |||||||||
| 211,941 | |||||||||
| f Sterling equivalent | of | grants made | in E | 190,121 | |||||
| 2021 | 2020 | ||||||||
| f |
| Total Grants | made to | UK Charitable | UK Charitable | Institutions | Institutions | 292,181 | 291,100 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Grants | made to | Israeli Charitable | Institutions | 52,941 | 112,012 | ||||||
| Total Grants | made - as | per SOFA | 345,122 | 403,112 | |||||||
| 7. | SUPPORT COSTS | ||||||||||
| Governance | |||||||||||
| Management | costs | Totals | |||||||||
| Other resources expended | 26, | 106 | 4,384 | 30,490 | |||||||
| Governance | 5,442 | 5,442 | |||||||||
| 26, | 106 | 9,826 | 35,932 | ||||||||
| Support costs, included | in thc above, | are as follows: | |||||||||
| Management | |||||||||||
| 2021 | 2020 | ||||||||||
| Other | |||||||||||
| resources | Total | ||||||||||
| expended | activities | ||||||||||
| Administration | & secretarial | 26,106 | 25,306 | ||||||||
| Governance | costs | ||||||||||
| 2021 | 2020 | ||||||||||
| Other | |||||||||||
| le soul cos | Total | Total | |||||||||
| expended | Governance | activities | activities | ||||||||
| f | |||||||||||
| Trustees' expenses |
1,967 | ||||||||||
| Auditors' remuneration |
4,800 | 4,800 | 4.800 | ||||||||
| Sundries re Trustees |
Meetings | 458 | |||||||||
| Accountancy | fees | 4,200 | 4,200 | 4,200 | |||||||
| Legal and professional | fees | i2,000) | |||||||||
| Trustees' indemnity insurance |
642 | 642 | 605 | ||||||||
| Bank charges | 184 | 184 | 244 | ||||||||
| 4,384 | 5,442 | 9,826 | 10,274 |
| COMPARATIVES F |
OR THE ST | ATEMENT OF FINANCIAL AC | TIVITIES |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| INCOMF. AND ENDOWMENTS | FROM | ||
| Donations and legacies |
102,319 | ||
| Investment income |
80,033 | ||
| Total | 182,352 | ||
| EXPENDITURE ON | |||
| Raising funds | 87.878 | ||
| Charitable activities |
|||
| Makmg grants to institutions |
403,112 | ||
| Governance | 7,658 | ||
| Other | 27,922 | ||
| Total | 526,570 | ||
| Net gains on investments | 134,638 | ||
| NET INCOME/(EXPENDITURE) | (209,580) | ||
| RECONCILIATION | 0F FUNDS | ||
| Total funds brought | forward | 6,337,685 | |
| TOTAL FUNDS CARRIFD FORWARD | 6,128,105 |
| 2021 | 2020 | ||
|---|---|---|---|
| 6 | |||
| Shares | 3,615,868 | 3,514,698 | |
| Borchard Portrait Collection |
2,667,385 | 2,637,200 | |
| 6,283,253 | 6,151,898 | ||
| Additional information |
as follows: | ||
| Listed investments | |||
| MARKFT VALUE | |||
| At I April 2020 |
3,514,698 | 3,906,569 | |
| Additions | 1,438,494 | 2,334,768 | |
| Disposals | (1,544,848) | (2,788,167) | |
| Revaluations | 448,892 | (121,357) | |
| Exchange differences | 48,352 | 89,427 | |
| Reclassification/ transfer |
-289,720 | 93,458 | |
| At 31 March 2021 | 3,615,868 | 3,514,698 | |
| NET BOOK VALUE | |||
| At 31 March 2021 | 3,615,868 | 3,514,698 | |
| At 31 March 2020 | 3,514,698 | 3,906,569 |
| Investments (neither listed or unlisted) were as fo |
llows: | |
|---|---|---|
| 2021 | 2020 | |
| 13rought forward | 2,637,200 | 2,440,035 |
| Additions | 44,594 | |
| Revaluation | 30,185 | 152,571 |
| 2,667,385 | 2,637,200 |
| 11. | CREDI | TORS | : AMOU | NTS |
FA | LLING DUF. WITHIN ONE | Yl)AR | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||||
| f | ||||||||||
| Other creditors | 27,507 | 43,921 | ||||||||
| 12. | MOVEMENT | IN FUNDS | ||||||||
| Nct | ||||||||||
| movement | At | |||||||||
| At 1.4.20 | lit lultds | 31.3.2 I | ||||||||
| f | ||||||||||
| Unrestricted | funds | |||||||||
| General | fund | 6,128,105 | 142,232 | 6,270,337 | ||||||
| TOTAL | FUNDS | 6,128,105 | 142,232 | 6,270,337 | ||||||
| Net movement | in funds, | included | m the above are as follows: | |||||||
| Incomin | Resources | Gain~ and | Movemcnt | |||||||
| resources | expended | losses | in funds | |||||||
| f | ||||||||||
| Unrestricted | funds | |||||||||
| General | fund | 110,208 | (468,276) | 500,300 | 142,232 | |||||
| TOTAL | FUNDS | 110208 | (468.276) | 500,300 | 142,232 | |||||
| Comparatives | for movement | in | funds | |||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1.4.19 | in funds | 31.3.20 | ||||||||
| Unrestricted | funds | |||||||||
| General | fund | 6,337,685 | (209,580) | 6,128,105 | ||||||
| TOTAL | FUNDS | 6,337,685 | (209,580) | 6,128,105 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| f | ||||||
| Unrestricted | funds | |||||
| General | fund | 182,352 | (526,570) | 134,638 | (209,580) | |
| TOTAL | FUNDS | 182,352 | (526,570) | 134.638 | (209,580) |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| AI 1.4 19 | m funds | 31.3.2 I | |||
| Unrestricted | funds | ||||
| General | fund | 6,337,685 | (67,348) | 6,270,337 | |
| TOTAL | FUNDS | 6,337,685 | (67,348) | 6,270,337 |
| Incommg | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 292,5oo | (994.846) | 634,938 | (67,348) | |
| TOTAL | FUNDS | 292,560 | (994,846) | 634,938 | (67,348) |
| SHORESH CHARITABLE TR | UST | ||||||
|---|---|---|---|---|---|---|---|
| Detailed Statement ofFinancial | Activities | ||||||
| for the year ended 31 March | 2021 | ||||||
| 2021 | 2020 | ||||||
| INCOME AND ENDOWMENTS | |||||||
| Donations and legacies |
|||||||
| Gifts | 44,594 | ||||||
| Donated services and |
facilities | 55,080 | 52,800 | ||||
| Unused grants repaid |
4,925 | ||||||
| 55,080 | 102,319 | ||||||
| Investment income |
|||||||
| Investment portfolio |
55, | 128 | 79,991 | ||||
| Royalties | 42 | ||||||
| 55,128 | 80,033 | ||||||
| Total incoming resources |
110,208 | 182,352 | |||||
| EXPENDITURE | |||||||
| Investment management |
costs | ||||||
| Port/olio management |
32, | 142 | 35,078 | ||||
| Portrait Collection management |
55,080 | 52,800 | |||||
| 87,222 | 87,878 | ||||||
| Charitable activities |
|||||||
| Grants to institutions | 345, | 122 | 403,112 | ||||
| Support costs |
|||||||
| Management | |||||||
| Administration & secretarial |
26, | 106 | 25,306 | ||||
| Governance costs |
|||||||
| 'I'rustees' expenses |
1,967 | ||||||
| Auditors' remuneration |
4,800 | 4,800 | |||||
| Sundries re Trustees |
Meetings | 458 | |||||
| Accountancy fees |
4,200 | 4,200 | |||||
| Legal and professional | fees | (2,000) | |||||
| 'I'rustees' indemnity |
msurance | 642 | 605 | ||||
| Bank charges | 184 | 244 | |||||
| 9,826 | 10,274 | ||||||
| Total resources expended | 468,276 | 526,570 | |||||
| Net expenditure before |
gains and losses | (358,068) | (344,218) | ||||
| Realised recognised | gains | and losses | |||||
| Realised gains/(losses) | on | fixed asset mvestments | 192,622 | 61,040 | |||
| Carried forward | (165,446) | (283,178) |
| 2021 | 2020 |
|---|---|
| f | |
| (165,446) | (283,178) |
| 307,678 | 73,598 |
| l42,232 | (209,580) |