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2022-03-31-accounts

PAGES
Trustees' annual
report		 (incorporating the director's report) 1to 4
Independent
exaniiner's		 report to the trustees
Statement offinancial activities (including income and expenditure
account)
Statement offinancial position
Notes to the financial statements 8 to 17

YEA R ENDED 31MAR CH 2022 CH 2022
2022 2021
Unrestricted
funds Total funds Total funds
Note
Income and endowments
investment
income		 5 167,803 167,803 157,682
Total income 167,803 167,803 157,682
Expenditure
Expenditure
on raising funds:
Investment
management		 costs 6 8,279 8,279 (98,614)
Expenditure
on charitable		 activities 7,8 (750,279) (750,279) (2,085,673)
Other expenditure 10 (450,032)
Total expenditure (742,000) (742,000) (2,634,319)
Net (tosses)/gains
on		 investments 11 (138,656) (138,656) 233,200
Net expenditure
and net		 movement in funds (712,853) (712,853) (2,243,437)
Reconciliation
offunds
Total funds brought fotward 4,393,270 4,393,270 6,636,707
Total funds carried forward 3,680,417 3,680,417 4,393,270

2022 2021
Note
Fixed assets
investments 15 1,347,634 1,397,161
Current
assets
Debtors 16 1,849,595 2,225,806
Cash at bank and in hand 502,388 824,573
2)351&983 3,050,379
Creditors: amounts falling due within one year 17 (19,200) (54,270)
Net current assets 2,332,783 2,996,109
Total assets less current liabilities 3,680,417 4,393,270
Net assets 3,680,417 4,393,270
Funds ofthe charity
Unrestricted funds 3,680,417 4,393,270
Total charity funds 18 3,680,417 4,393,270

Unrestricted Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f
Income from investments assets
outside the UK 167,803 167,803 157,614 157,614
Bank interest receivable 68 68
167,803 167,803 157,682 157,682
6. INVESTMENT MANAGEMENT COSTS
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f
Fees paid on success of investment 6,908 6,908
Foreign exchange (gains)/losses (8,279) (8479) 91,706 91,706
(8,279) (8,279) 98,614 98,614
7. EXPENDITURE ON CHARITABLE ACTIVITIES BYFUND TYPE
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f f.
Charitable donations 715,495 715,495 724,612 724,612
Loan to charitable institution fully
provided 1,300,000 1,300,000
Supportcosts 34,784 34,784 61,061 61,061
750,279 750479 2,085,673 2,085,673
8. EXPENDITURE ON CHARITABLE ACTIVITIES BYACTIVITY TYPE
Grant funding Total funds Total fund
ofactivities
f		 Suppo)t costs 2022 2021
Charitable donations 715,495 5,283 7209778 735,149
Loan to charitable institution fully
provided 1,300,000
Governance costs 29,501 29)501 50,524
715,495 34,784 750,279 2,085,673

grants to in stit utions.
2022
Advancement ofEducation 459,520
Advancement ofHealth or the saving oflives 11,050
Prevention or relief ofpoverty 44,925
Others 200,000
715,495

2022
The Marque Foundation 200,000
Ahavat Yisroel UK 145,600
L Ch ri
Accounts		 142,000
British friends ofYeshivat Har Etzion 108,000
JNF Charitable
Trust		 42,750
Conference ofEuropean Rabbis 36,100
American
Jewish Joint Distribution		 Committee UK Trust 33,100
Amounts
below 810,000		 7,945
Total Grants Payable 715,495

ANALYSIS OF SUP PORT COSTS
2022 2021
8
Legal and professional fees 3,300 5,500
Travel expenses 1,870 6,169
Bank charges/(refund) 113 (1,132)
Governance
costs		 29,501 50,524
34,784 61,061

10. OTHER EX PEN DITUR E
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f.
Provision
for		 bad debts against loan
Interest 450,032 450,032
11. NET (LOSSES)/GAINS ON INVESTMENTS
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
f f
Gains (losses) on revaluation
of
investments 134,126 134,126 233,200 233,200
Gains/(losses) on impairment of
investments (62,635) (62,635)
Gains on disposal ofother invesunent
assets (210,147) (210)147)
(138,656) (138,656) 233,200 233,200
12. INDEPENDENT EXAMINATION FEES
2022 2021
f
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 19,200 19,200

Non-UK Shares in
Quoted group Non-UK
Shares undertakings Investments Total
f
Cost or valuation
At I April 2021 561,234 93 835,834 1,397,161
Additions 450,820 450,820
Disposals (463,424) (108,414) (571,838)
Fair value movements 54,921 79,205 134,126
At 31March 2022 152,731 93 1,257,445 1,410,269
Impairment
At
1 April		 2021
Disposals
Impairment (62,635) (62,635)
At 31 March 2022 (62,635) (62,635)
Carrying amount
At 31March 2022 152,731 93 1,194,810 1,347,634
At 31 March 2021 561,234 93 835,884 1,397,161

2022 2021
f
Amounts owed by group undertakings 1,615,841 2,015,168
Prepayments and accrued income 84&582 60,638
Charitable loans 149,172 150,000
1,849,595 2,225,806

CREDI TORS: amounts
falling due within
one ye		 ar
2022 2021
Accruals and deferred income 19&200 48,000
Sundry Creditors 6,270
19,200 54,270

Unrestri cted
funds
At Gains and At
I April 2021
f.		 Income
f		 Expenditure losses
f.		 31Mar 2022
f
General funds 4,393,270 167,803 (742,000) (138,656) 3,680,417
At Gains and At
I April 2020 Income Expenditure losses 31 Mar 2021
f. f. f.
General funds 6,636,707 157,682 (2,634,319) 233,200 4,393,270

Unrestricted Total Funds
Funds 2022
5
Investments 1,347,634 1,347,634
Current assets 2,351,983 2,351&983
Creditors less than 1 year (19,200) (19,200)
Net assets 3,680,417 3,680,417
Unrestricted Total Funds
Funds 2021
Investments 1,397,161 1,397,161
Current assets 3,050,379 3,050,379
Creditors less than 1 year (54,270) (54,270)
Net assets 4,393,270 4,393,270
FINANCIAL INSTRUMENTS
The canying amount foreach category offinancial instrument is as follows:
2022 2021
8
Financial assets measured at fair value through income and expenditure
Financial assets measured at fair value through income and
expenditure 1,347,541 1,397,068
Financial assets that are debt instruments measured at amortised cost
Financial assets that are debt instruments measured at amortised
cost 1,849,595 2,225,806
Financial liabilities measured at amortised cost
Financial liabilities measured at amortised cost 19,200 54,270