||||Page||
|---|---|---|---|---|
|Reference|and Administrative
Details||||
|Report of|the Trustees|2|to|4|
|Report of|the Independent
Auditors|5|to|7|
|Statement|of Financial AcUvities||||
|Balance Sheet|||||
|Cash Flow|Statement||10||
|Notes to the Cash Flow Statement|||||
|Notes to the Financial Statements||12|to|19|
##
|TRUSTEES|||V Schimmel|||||
|---|---|---|---|---|---|---|---|
||||N E Schimmel|||||
||||3 Schimmel|||||
||||A Schimmel|||||
|REGISTERED|OFFICE||121Princes Park||Avenue|||
||||London|||||
||||NW11 035|||||
|REGISTERED|COMPANY|NUMBER|03609638(England|||and|Wales)|
|REGISTERED|CHARITY|NUMBER|1071978|||||
|AUDITORS|||Melinek Fine|LLP||||
||||Chartered
Accountants|||||
||||Statutory
Auditors|||||
||||First Floor, Winston|||House||
||||349 Regents|Park|Road|||
||||London|||||
||||N3 1DH|||||
|SOLICITORS|||Maurice Tumor Gardner||||LLP|
||||15th Floor|||||
||||Milton House|||||
||||Milton Street|||||
||||London|||||
||||EC2Y 98H|||||
|BANKERS|||Barclays Bank Pic|||||
||||1 Churchill
Place|||||
||||London|||||
||||E14 5HP|||||
||||The Cooperative||Bank|||
||||4th Floor|||||
||||9 Prescot Street|||||
||||London|||||
||||E1 8AZ|||||
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||||2023|2022|
|---|---|---|---|---|
||||Unrestricted|Total|
|||Notes|fundI|fundsI|
|INCOME AND ENDOWMENTS|FROM||||
|Investment
income|||562,066|606,121|
|EXPENDITURE ON|||||
|Raising funds|||482,468|334,160|
|Charitable
activities|||||
|Grants to organisations|||155,500|564,255|
|Other|||(8,109)|10,545|
|Total|||629,859|908,960|
|Net gains on investments|||48,775|5,965|
|NET INCOME/(EXPENDITURE)|||(19,018)|(296,874)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought
forward|||6,471,029|6,767,903|
|TOTAL FUNDS CARRIED FORWARD|||6,452,011|6,471,029|
##
|||2023|2022|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|I|I|
|FIXEDASSETS||||
|Investments||||
|Investments|12|994,467|759,763|
|investment
property|13|6,375,000|6,375,000|
|||7,369,467|7,134,763|
|CURRENT ASSETS||||
|Debtors|14|298,026|325,666|
|Investments|15|276,083|400,678|
|Cash at bank||184,565|648,995|
|||758,674|1,375,339|
|CREDITORS||||
|Amounts
falling due within one year|16|(394,572)|(552,747)|
|NET CURRENT ASSETS||36l(102|822p592|
|TOTAL ASSETS LESSCURRENT LIABILITIES||7,733,569|7,957,355|
|CREDITORS||||
|Amounts
falling due after more than one year|17|(1,281,558)|(1,486,326)|
|NET ASSETS||6I452 011|6(471~029|
|FUNDS|20|||
|Unrestricted
funds||6,452,011|6,471,029|
|TOTAL FUNDS||6,452,011|6,471,029|
##
|||Notes|2023
I|2022I|
|---|---|---|---|---|
|Cash flows from operating
activities
Cash generated
from operations|||(93,557)|(147,023)|
|Interest
paid|||(79,476)|(61,211)|
|Net cash used
in operating
activities|||(173,033)|(208,234)|
|Cash flows from investing|activities||||
|Purchase of Rxed asset investments|||(185,929)|(753,798)|
|Interest
received|||105,300|71,831|
|Net cash used
in investing
activities|||(80,629)|(681,967)|
|Cash flows from financing|activities||||
|Loan repayments
in year|||(210,768)|(226,900)|
|Net cash used
in financing
activities|||(210,768)|(226,900)|
|Change
in cash and cash
the reporting
period|equivalents|in|(464,430)|(1,117,101)|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||648,995|1,766,096|
|Cash and cash equivalents|at the end|of|||
|the reporting
period|||184,565|648,995|
##
||RECONCILIATION|OF|NET EXPENDITURE|NET EXPENDITURE|TO NET CASH FLOW FROM OPERATING ACTIVITIES|TO NET CASH FLOW FROM OPERATING ACTIVITIES|TO NET CASH FLOW FROM OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||I|I|
||Net expenditure|for the reporting||period|(as per the Statement of|||
||Financial Activities)|||||(19,018)|(296,874)|
||Adjustments
for:|||||||
||Gain on investments|||||(48,775)|(5,965)|
||Interest received|||||(105,300)|(71,831)|
||Interest
paid|||||79,476|61,211|
||Decrease
in debtors|||||152,235|48,770|
||(Decrease)/increase|in creditors||||(152,175)|117,666|
||Net cash used in|operations||||(93,557)|(147,023)|
|2.|ANALYSIS OF CHANGES IN NET|||DEBT||||
||||||At 1.'i.22|Cash flow|At 31.3.23|
||||||I|6|I|
||Net cash|||||||
||Cash at bank||||648,995|(464,430)|184,565|
||||||648,995|(464,430)|184,565|
||Liquid resources|||||||
||Deposits included
in cash|||||||
||Current asset investments||||400,678|(124,595)|276,083|
||||||400,678|(124,595)|276,083|
||Debt|||||||
||Debts falling due within||1year||(226,000)|6,000|(220,000)|
||Debts falling due after 1||year||(1,486,326)|204,768|(1,281,558)|
||||||(1,712,326)|210,768|(1,501,558)|
||Total||||(662,653)|(378,257)|(1,040,910)|
##
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|INVESTMENT INCOME|||||
|---|---|---|---|---|
||||2023I|2022
6|
|Rents received|||435,085|530,435|
|Income from lease extensions|||21,325|2,748|
|Interest received|||105,300|71,831|
|Commission
received|||356|1,107|
||||562,066|606,121|
|RAISING FUNDS|||||
|Investment
management|costs||||
||||2023
6|2022I|
|Property
letting and management||fees|10,927|6,057|
|Other property
outgoings|||211|29,015|
|Insurance|||3,808|10,25'}|
|Professional
fees|||25,119|8,971|
|Property
rates and service charges|||362,927|221,595|
|Interest payable
and similar charges|||79,476|58,268|
||||482,468|334,160|
|CHARITABLE ACTIVITIES|COSTS||||
|||||Grant|
|||||funding
of|
|||||activities|
|||||(see note|
|||||6)I|
|Grants to organisations||||155,500|
|GRANTS PAYABLE|||||
||||2023|2022|
||||6|6|
|Grants to organisations|||155,500|564,255|
##
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##
|GRANTS PAYABLE|- continued||||
|---|---|---|---|---|
|The total grants
paid|to institutions|during the year was as follows:|||
||||2023|2022|
||||E|E|
|KKL Charity Accounts||||198,600|
|Ahavat
Yisroel UK||||130,700|
|Asser Bishvil Foundation|||79,000|38,000|
|Friends ofYad Sarah||||37,500|
|Genesis Philanthropy|Group|||36,000|
|The Kemach Foundabon||||22,100|
|Follicular
Lymphoma|Foundation|||18,000|
|Chevras
Mo'oz Ladol||||15,600|
|Achlsomoch
Aid Company|||9,000|15,000|
|BSDCharitable
Trust||||10,000|
|Mizrachi
UK||||9,000|
|British Friends ofTzohar||||7,300|
|Noa Girls|||2,500|5,000|
|Other donations
(&E5,000 in aggregate)||||21,455|
|Bribsh Friends of Zaka|||15,900||
|Quintessentially
Foundation|||5,000||
|Torah Chased
Refuah|CIO||44,100||
||||155,500|564,255|
|SUPPORT COSTS|||||
|||||Governance|
|||||costs|
|||||E|
|Other resources expe|nded|||5,160|
|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|NET INCOME/(EXPENDITURE)|||
|---|---|---|---|---|
|Net income/(expenditure)||is stated atter charging/(crediting):|||
||||2023|2022|
||||F|E|
|Auditors'|remuneration||5,000|7,500|
|Exchange|rate variance||(13,269)|2,943|
##
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##
##
##
||||||Unrestricted|
|---|---|---|---|---|---|
||||||fund|
||||||E|
||INCOME AND ENDOWMENTS|||FROM||
||Investment
income||||606,121|
||EXPENDITURE ON|||||
||Raising funds||||334,160|
||Charitable
activities|||||
||Grants to organisations||||564,255|
||Other||||10,545|
||Total||||908,960|
||Net gains on investments||||5,965|
||NET INCOME/(EXPENDITURE)||||(296,874)|
||RECONCILIATION|OF FUNDS||||
||Total funds brought|forward|||6,767,903|
||TOTAL FUNDS CARRIED||FORWARD||6,471,029|
|12.|FIXEDASSET INVESTMENTS|||||
||||||Unlisted|
||||||investments|
||||||I|
||MARKET VALUE|||||
||At 1 April 2022||||759,763|
||Additions||||185,929|
||Exchange differences||||48,775|
||At 31 March 2023||||994,467|
||NET BOOK VALUE|||||
||At 31 March 2023||||994,467|
||At 31 March 2022||||759,763|
||All Axed assets investment||are held outside the UK.|||
##
##
|FIXEDASSET IN|FIXEDASSET IN|VESTMENTS -continued|||
|---|---|---|---|---|
|Cost or valuation||at 31 March 2023 is represented|by:||
|||||Unlisted|
|||||investments|
|||||I|
|Valuation|in 2022|||5,965|
|Valuation|in 2023|||48,775|
|Cost||||939,727|
|||||994,467|
##
##
|FAIR VALUE||
|---|---|
|At 1 April 2022
and 31 March 2023|6,375,000|
|NET BOOK VALUE||
|At 31 March 2023|6,375,000|
|At 31 March 2022|6,375,000|
##
##
||||2023|2022|
|---|---|---|---|---|
||||I|I|
|Trade debtors|||99,573|170,007|
|Other debtors||||1,938|
|Prepayments|and accrued|income|198,453|153,721|
||||298,026|325,666|
|CURRENT ASSET INVESTMENTS|||||
||||2023|2022|
||||6|I|
|Other investments|||276,083|400,678|
##
##
|16.|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2022|
|||||||||||E|E|
||Bank loans|and overdrafts|||(see note 18)|||||220,000|226,000|
||VAT|||||||||30,429|36,502|
||Other creditors|||||||||3,701||
||Accruals and deferred||income|||||||140,442|290,245|
|||||||||||394,572|552,747|
|17.|CREDITORS: AMOUNTS||||FALLING DUE AFTER MORE THAN||||ONE YEAR|||
|||||||||||2023|2022|
|||||||||||E|E|
||Bank loans|(see note|18)|||||||1,281,558|1,486,326|
|18.|LOANS|||||||||||
||An analysis|ofthe maturity|||of|loans is given below:||||||
|||||||||||2023|2022|
|||||||||||E|E|
||Amounts
falling due within||||one year on demand:|||||||
||Bank loans|||||||||220,000|226,000|
||Amounts
falling between|||one||and two years:||||||
||Bank loans|- 1-2 years||||||||440,000|452,000|
||Amounts
falling due between|||||two and five years:||||||
||Bank loans|- 2-5 years||||||||660,000|678,000|
||Amounts
falling due in more than five years:|||||||||||
||Repayable|by instalments:||||||||||
||Bank loans|more 5 yr|by instal|||||||181,558|356,326|
|19.|SECURED|DEBTS||||||||||
||The following
secured||debts are included||||within|creditors:||||
|||||||||||2023|2022|
|||||||||||E|E|
||Bank loans|||||||||1,501,558|1,712,326|
|20.|MOVEMENT IN FUNDS|||||||||||
|||||||||||Net||
|||||||||||movement|At|
||||||||||At 1.4.22|in funds|31.3.23|
||||||||||E|E|E|
||Unrestricted
funds|||||||||||
||General
fund||||||||6,471,029|(19,018)|6,452,011|
||TOTAL FUNDS||||||||6,471,029|(19,018)|6,452,011|
##
##
##
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||E|E|E|E|
|Unrestricted|funds|||||
|General fund||562,066|(629,859)|'i8,775|(19,018)|
|TOTAL FUNDS||562,066|(629,859)|48,775|(19,018)|
##
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.4.21|in funds|31.3.22|
||||E|E|f|
|Unrestricted||funds||||
|General|fund||6,767,903|(296,874)|6,471,029|
|TOTAL|FUNDS||6,767,903|(296,874)|6,471,029|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||f|E|E|E|
|Unrestricted||funds|||||
|General|fund||606,121|(908,960)|5,965|(296,874)|
|TOTAL|FUNDS||606,121|(908,960)|5,965|(296,874)|
##
##
##