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|Reports|Reports|||
|---|---|---|---|
|Reference and administrative||information||
|Trustees'
report||||
|Independent
auditor's|report|||
|Accounts||||
|Statement
of financial|activities||10|
|Balance sheet||||
|Statement
ofcash flows|||12|
|Principal
accounting|policies||13|
|Notes to the accounts|||16|
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|||||Total|Total|
|---|---|---|---|---|---|
|||||2020|2019|
||||Notes|$|$|
|Income from:||||||
|Investment
income||||3,159,568|9,146,061|
|Interest receivable||||15,312|33,128|
|Other income|||||61,538|
|Total income||||3,174,880|9,240,727|
|Expenditure
on:||||||
|Charitable
activities||||6,195,164|5,648,034|
|Total expenditure||||6,195,164|5,648,034|
|Net (expenditure)|Iincome for|||||
|the year and net movement||||||
|on funds||||(3,020,284)|3,592,693|
|Fund balances
brought||||||
|forward at 1 January||2020||6,970„554|3,377,861|
|Fund balances carried||||||
|forward||||||
|at 31 December 2020||||3,950,270|6970554|
|||||2020|2020|2019|2019|
|---|---|---|---|---|---|---|---|
||||Notes|$|$|$|$|
|Fixed assets||||||||
|Investments|||||1,500,000||1,500,000|
|Current assets||||||||
|Debtors||||23,230||10,073||
|Cash at bank and|in|hand||2,440,228||5,473,863||
|||||2,463,458||5,483,936||
|Current
liabilities||||||||
|Creditors: amounts||falling due||||||
|within one year|||9|(13,188)||(13,382)||
|Net current assets|||||2,450,270||5,470,554|
|Total net assets|||||3,950„270||6,970,554|
|The funds ofthe|charity|||||||
|Income funds||||||||
|Unrestricted
funds|—general||||3,950,270||6,970,554|
|fund||||||||
|Total charity funds|||||3,950,270||6,970,554|
||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||Notes||$|$|
||Cash flows from operating
activities:||||||||
||Net cash used
in operating
activities||||A||(6,208,404)|(5,643,781)|
||Cash flows from investing
activities:||||||||
||investment
income and interest receivable||||||3,174,880|9,179,189|
||Net cash provided
by investing
activities||||||3,174,880|9,179,189|
||Change
in cash and cash equivalents|in|the year||||(3,033,524)|3,535,408|
||Cash and cash equivalents
at 1January||2020||B||5,473,863|1,876,917|
||Changes
in cash and cash equivalents|due|to exchange||||(111)|61,538|
||rate movements
on monetary
assets||||||||
||Cash and cash equivalents
at 31 December 2020||||B||2,440,228|5,473,863|
||Notes to the statement
ofcash flows|for|the year to 31 December 2020.||||||
|A|Reconciliation
of net movement
in funds||to net cash used|||in|operating
activities||
||||||||2020|2019|
||||||||$|$|
||Net movement
in funds (as per the statement offinancial||||||(3,020,284)|3,592,693|
||activities)||||||||
||Adjustments
for:||||||||
||Investment
income and interest receivable||||||(3,174,880)|(9,179,189)|
||Net losses (gains) on foreign exchange|translation||of monetary|||111|(61,538)|
||assets||||||||
||Increase
in debtors||||||(13,157)||
||(Decrease)
/ increase
in creditors||||||(194)|4,253|
||Net cash used in operating
activities||||||(6,208,404)|(5,643,781)|
|B|Analysis ofcash and cash equivalents||||||||
||||||||2020|2019|
||||||||$|$|
||Cash at bank and
in hand||||||2,440,228|5,473,863|
||Total cash and cash equivalents||||||2,440,228|5,473,863|
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|1|Investmen|t
inco|me|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|||||||||$|$|
||Dividends|on unlisted||investments||(see note 7)||3,159,568|9,146,061|
|||||||||3,159„568|9,146,061|
|2|Interest receivable|||||||||
|||||||||2020|2019|
|||||||||$|$|
||Short term deposits|||||||15,312|33,128|
|||||||||15,312|33,128|
|3|Other income|||||||||
|||||||||2020|2019|
|||||||||$|$|
||Foreign currency||translation||gains|on monetary|assets and||61,538|
||liabilities|||||||||
||||||||||61,538|
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|Charitable
expe|nd|iture||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2020|2019|
|||||||||||$|$|
|Grants payable|toinstitutions:|||||||||||
|Keren Hayesod|United||Israel||Appeal||UK|||3,550,000|5,569,296|
|Mir Yeshiva||||||||||450,000||
|The Covenant|||||||||||48,508|
|Jewish Education||and Publishing||||Trust||||350,000||
|Centre de Jeunesse
Reguesh|||||Association|||||302,170||
|Une Lumiere Pour||Mille||||||||350,000||
|Yad Eliezer||||||||||250,000||
|Sabeinu
Mituvecha||||||||||400,000||
|Laga'at Baruach||||||||||500,000||
|Total grants payable||||||||||6,152,170|5,617,804|
|Direct costs of|charitable|||activities||||||||
|Legal and professional|||fees|||||||29,175|23,457|
|Accountancy
fees|||||||||||1,800|
|Audit fees||||||||||6,552|4,770|
|Tax fees||||||||||4,978||
|Insurance||||||||||935||
|Foreign exchange||losses on|||grant|payments||and|direct costs|613||
|Bank charges||||||||||630|203|
|||||||||||42,883|30,230|
|Foreign currency|translation||||losses on monetary||||assets and|||
|liabilities||||||||||||
|Total charitable|expenditure|||||||||6,195,164|5,648,034|
|||||2020|2019|
|---|---|---|---|---|---|
|||||$|$|
|Legal and|professional||fees|29,175|23,457|
|Auditor's|remuneration||for audit services|6,552|4,770|
|Accountancy||fees|||1,800|
|Tax fees||||4,978||
|Bank charges||||630|203|
|||||41,325|30,230|
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