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||||||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|
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|||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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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|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|||
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|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|
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||||2021|2020|
|---|---|---|---|---|
|||||6|
|Fees payable|to the independent|examiner for:|||
|Independent|examination ofthe|financial statements|19,200||
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|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|
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|statements|are:|||
|---|---|---|---|
|||2021|2020|
|Aggregate|capital and reserves|(568,386)|(465,012)|
|Profit and|(loss) for the year|(103,374)|(116,399)|
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|||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|
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|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|
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|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|
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