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2021-03-31-accounts

PAGES
Trustees' annual
report		 (incorporating the director's report) 1to4
Independent
examiner's		 report to the trustees
Statement offinancial activities (including income and expenditure
account)
Statement offinancial position
Notes to the financial statements Sto18

YEA RENDED 31MAR CH 2021 CH 2021
2021 2020
Unrestricted
funds Total funds Total funds
Note
Income and endowments
Investment
income		 5 157,682 157,682 255,358
Total income 157,682 157,682 255,358
Expenditure
Expenditure
on raising funds:
Investment
management		 costs 6 (98,614) (98,614) (81,935)
Expenditure
on charitable		 activities 7P (2,085,673) (2,085,673) (1,112,167)
Other expenditure 10 (450,032) (450,032)
Total expenditure (2,634,319) (2,634,319) (1,194,102)
Net gains on investments 11 233,200 233,200 304,966
Net expenditure
and net		 movement in funds (2,243,437) (2,243,437) (633,778)
Reconciliation offunds
Total funds brought
forward		 6,636,707 6,636,707 7,270,485
Total funds carried forward 4,393,270 4493470 6,636,707

2021 2020
Nota E E
Fixed assets
investments 1G I@97)161 1,528,016
Current
assets
Debtom 17 2425,806 3,947,062
Cash at bank and in hand 824,573 1,184,529
3„050479 5,131,591
Creditors: amounts felling dae within one year 18 (54,270) (22,900)
Net current assets 2,996,109 5,108,691
Total assets less current ltabilities 4)393nt70 6,636,707
Net assets 4&393&270 G,636,707
Funds ofthe charity
Unrestricted funds 4393,270 6,636,707
Total charity funds 19 4@93+70 6,636,707

INVESTMENT INCOM E
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
s
Income from investments assets
outside the UK 157,614 157,614 137,513 137,513
Bank interest receivable 68 68 3,096 3,096
Other interest receivable 114,749 114,749
157,682 157,682 255,358 255,358

6. INVESTMENT MANAGEMENT
CO		 STS
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
K
Fees paid on success ofinvestment 6,908 6,908 116,265 116,265
Foreign exchange (gains)/losses 91,706 919706 (34,330) (34,330)
98,614 98,614 81,935 81,935
7. EXPENDITURE ON CHARITABLE ACTIVITIES BYFUND TYPE
EXPEND ITURE ON CHA RITABL E ACTIVITIES BYFUND T YPE
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
Charitable donations 724,612 724,612 952,337 952,337
Loan to charitable institution fully
provided (refer to note 17) 1,300,000 1400,000
Support costs 61,061 61,061 159,830 159,830
2,085,673 2,085,673 1,112,167 1,112,167

EXPENDI TURE ON CH ARITABLE ACTIVITIE S BYACTIVI TY TYPE
Other Grant funding Total funds Total fund
Activities ofactivities Support costs 2021 2020
a
Charitable donations 724,612 10,537 735,149 960,375
Loan to charitable
institution fully provided
(refer to note 17) 1,300,000 1400,000
Governance costs 50,524 50,524 151,792
1,300,000 724,612 61,061 2,085,673 1,112,167

grants to i nstit utions.
2021
g
Advancement ofEducation 423,990
Advancement ofHealth orthe saving oflives 135,371
Prevention or relief ofpoverty 115,250
Others 50,000
724,611
The following
grant payme		 nts
were		 made during the year ended 31Marc h 2021:
2021
JNF Charitable
Trust		 214,171
Asser Bishvill Foundation 137,800
KKL Charity Accounts 84,300
GirlEffect 54,940
The Marque Foundation 50,000
British friends ofYeshivat Har Etzion 40,800
Ahavat Yisroel UK 38,000
Covenant
and Conversation		 Trust 37,250
American Jewish Joint Distribution Committee UK Trust 31,750
Hasmonean
High School Charitable		 Trust 18,000
Amounts
below $10,000		 17,600
Total Grants Payable 724,611

ANALYSIS OF SUP PORT COSTS
2021 2020
Legal and professional fees 5,500 7,100
Travel expenses 6,169 746
Bank charges/(refund) (1,132) 192
Governance
costs		 50,524 151,792
61,061 159,830

OTHER EX PEN DITU RE
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
Provision for bad debts against loan
Interest 450,032 450,032

1L NET GAINS ON INVESTM ENTS
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
Gains (losses) on revaluation of
inveslments 233,200 233,200 299,348 299,348
Gains/(losses) on impairment of
investments (196,447) (196,447)
Gains on disposal oflisted investments 86,916 86,916
Gains on disposal ofother investment
assets 115,149 115,149
233,200 233400 304,966 304,966
12. AUDITORS REMUNERATION
2021 2020
4
Fees payable forthe audit of the financial statements 19,200

2021 2020
6
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 19,200

individual
expenses inc
INVESTMENTS		 urred for servi ces provided to t he charity.
Non-UK Shares in
Quoted
Shares		 group
undertakings		 Non-UK
Investments		 Total
8
Cost orvaluation
At 1 April 2020 406,193 93 1,631,584 2,037,870
Additions 1,297 1497
Disposals (297,441) (297,441)
Fair value movements 155,041 10,248 165,289
Transfers - impairment reversal (509,854) (509,854)
At 31March 2021 561,234 93 835,834 1497,161
Impairment
At 1 April 2020 (509,854) (509,854)
Disposals
Reversal ofimpairment losses 509,854 509,854
At 31March 2021
Carrying
amount
At 31March 2021 561,234 93 835,834 1497,161
At 31March 2020 406,193 93 1,121,730 1,528,016

statements are:
2021 2020
Aggregate capital and reserves (568,386) (465,012)
Profit and (loss) for the year (103,374) (116,399)

2021 2020
Amounts owed by group undertakings 2,015,168 2,015,168
Prepayments
and accrued income		 60,638 481,894
Charitable loans 150,000 1,450,000
2825,806 3,947,062

CREDI TORS: amounts
falling due within one ye		 ar
2021 2020
Accruals and deferred income 48,000 22,900
Sundry Creditors 6470
54,270 22,900

Unrestri cted
funds
At
At Gains and 31March 20
I April 2020 Income Expenditure losses 21
0
General funds 6,636,707 157,682 (2,634,319) 233,200 4493,270
At
At Gains and 31March 202
1 April 2019 Income Expenditure losses 0
4
General funds 7,270,485 255,358 (1,194,102) 304,966 6,636,707

ANALYSIS OF N ET AS SETSBETWEE N FUN DS
Unrestricted Total Funds
Funds 2021
Investments 1,397,161 1897,161
Current assets 3,050,379 3,050,379
Creditors less than 1 year (54,270) (54,270)
Net assets 4,393,270 4893,270
Unrestricted Total Funds
Funds 2020
Investments 1,528,016 1,528,016
Current assets 5,131,591 5,131,591
Creditors less than 1 year (22,900) (22,900)
Net assets 6,636,707 6,636,707
FINANCIAL INSTRUMENTS
The carrying amount for each category offinancial insmiment is as follows:
2021 2020
Financial assets measured at fair value through income and expenditure
Financial assets measured at fair value through income and
expenditure 1497,068 1,527,923
Financial assets that are debt instruments measured at amortised cost
Financial assets that are debt instruments
measured		 at amortised
cost 2/25,806 3,947,062