##
|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|
|||Trustees|Trustees|M. Bordon|M. Bordon|
|---|---|---|---|---|---|
|||||A. Cohen||
|||||Y. Cohen||
|||||A. Sacks||
||Registered||office|St Peters|House|
|||||130Wood Street||
|||||London||
|||||EC2V 6DL||
|Charity|registration|number||1078540||
||Independent|auditors||Buzzacott|LLP|
|||||130Wood Street||
|||||London||
|||||EC2V 6DL||
|||Bankers||Barclays|Bank|
|||||Portman|Square 2|
|||||Leicester||
|||||LE872BB||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Total|Total|
|---|---|---|---|---|
||||2020|2019|
|||Notes|$|$|
|Income from:|||||
|Investment
income|||3,400,846|3,123,471|
|Interest receivable|||10,323|11,745|
|Other income||||27,829|
|Total income|||3,411,169|3,163,045|
|Expenditure
on:|||||
|Charitable
activities|||2,242,922|2,952,969|
|Total expenditure|||2,242,922|2,952,969|
|Net income for|the year and||||
|net movement|on funds||1,168,247|210,076|
|Fund balances|brought||||
|forward at 1 January 2020|||2„729,050|2,518,974|
|Fund balances|carried||||
|forward|||||
|at 31 December|2020||3,897,297|2,729,050|
||||||2020|2020|2019|2019|
|---|---|---|---|---|---|---|---|---|
|||||Notes|$|$|$|$|
|Fixed assets|||||||||
|Investments||||||1,750,000||1,750,000|
|Current assets|||||||||
|Cash at bank and|in|hand|||2,186,001||1,002,126||
||||||2,186„001||1,002, 126||
|Current
liabilities|||||||||
|Creditors: amounts||falling|due||||||
|within one year||||8|(38,704)||(23,076)||
|Net current assets||||||2,147,297||979,050|
|Total net assets||||||3,897,297||2,729,050|
|The funds ofthe|charity||||||||
|Income funds|||||||||
|Unrestricted
funds:||general|fund|||3,897,297||2,729,050|
|Total charity funds|||||||||
|||||||3,897,297||2,729,050|
||||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Notes||$|$|
||Cash flows from operating||activities:||||||||
||Net cash used
in operating|activities|||||A||(2,226„934)|(2,948,716)|
||Cash flows from investing||activities:||||||||
||Investment
income and interest receivable||||||||3,411,169|3,135,216|
||Net cash provided
by investing
activities||||||||3„411,169|3,135,216|
||Change
in cash and cash|equivalents||in|the year||||1,184,235|186,500|
||Cash and cash equivalents||at 1 January||2020||B||1,002,126|787,797|
||Changes
in cash and cash|equivalents||due|to exchange||||||
||rate movements
on monetary||assets||||||(360)|27,829|
||Cash and cash equivalents||at 31 December 2020||||B||2,186,001|1,002,126|
||Notes to the statement
of|cash 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|||1,168,247|210,076|
||activities)||||||||||
||Adjustments
for:||||||||||
||Investment
income and interest receivable||||||||(3,411,169)|(3,135,216)|
||Net losses (gains) on foreign||exchange|translation||of monetary|||||
||assets||||||||360|(27,829)|
||Increase
in creditors||||||||15,628|4,253|
||Net cash used
in operating||activities||||||(2,226,934)|(2,948,716)|
|B|Analysis ofcash and cash||equivalents||||||||
||||||||||2020|2019|
||||||||||$|$|
||Cash at bank and
in hand||||||||2,186,001|1,002,126|
||Total cash and cash equivalents||||||||2,186,001|1,002, 126|
##
##
##
##
##
##
##
##
##
##
##
|1|Investment
income||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2020|2019|
||||||||||||$|$|
||Dividends
on unlisted||investments|||||(see|note 7)||3,400,846|3,123,471|
||||||||||||3,400,846|3,123,471|
|2|Interest receivable||||||||||||
||||||||||||2020|2019|
||||||||||||$|$|
||Short term deposits||||||||||10„323|11,745|
||||||||||||10,323|11,745|
|3|Other income||||||||||||
||||||||||||2020|2019|
||||||||||||$|$|
||Foreign currency
translation|||||gains||on monetary||assets and||27,829|
||liabilities||||||||||||
|||||||||||||27,829|
|4.|Charitable
expenditure||||||||||||
||||||||||||2020|2019|
||||||||||||$|$|
||Grants payable toinstitutions:||||||||||||
||Jewish Learning
Exchange||||||||||250,000|250,000|
||Jewish Education
and|Publishing|||||Trust||||200,000|200,000|
||Aish Hatorah
UK||||||||||750,000|400,000|
||Centre de Jeunesse Reguesh|||||Association||||||250,000|
||Une Lumiere Pour Mille|||||||||||250,000|
||Lauder Yeshurun
gemeninnutzige||||||GmbH||||600,000|500,000|
||Mir Yeshiva Jerusalem|||||||||||300,000|
||Keren Hayesod|||||||||||761,300|
||Kemach Foundation||||||||||400,000|761,300|
||Total grants payable||||||||||2,200,000|2,911,300|
||Direct costs ofcharitable|||activities|||||||||
||Legal and professional|fees|||||||||29,175|34,747|
||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||717||
||Bank charges||||||||||205|352|
||||||||||||42,562|41,669|
||Foreign currency
translation||||losses on|||monetary assets and liabilities|||||
||||||||||||360||
||Total charitable
expenditure||||||||||2,242,922|2,952,969|
##
##
##
##
|Fixed asset investments
comprise an unlisted
investmen|t
held at cost.||
|---|---|---|
||2020|2019|
||Total|Total|
|Investments|$|$|
|At 1 January 2020 and 31 December 2020|1,750,000|1,750,000|
##
##
|Creditors: amounts
falling due within one yea|r||
|---|---|---|
||2020|2019|
||$|$|
|Other creditors (see note 9)|23,230|10,073|
|Accruals|15,474|13,003|
||38,704|23,076|
##