## 



## 

## 

|Trustees|||J A Reubsn|||
|---|---|---|---|---|---|
||||S D Rsuben|||
||||R Stone|||
||||D L Reuben|||
||||E Sawyer|||
||||R D Reuben|||
|Charity number|||1094130|||
|Company|number||04481304|||
|Registered||office|4th Floor|||
||||Millbank Tower|||
||||21-24 Millbank|||
||||London|||
||||SW1P4QP|||
|Independent||Auditors|Gerald Edelman||LLP|
||||73 Cornhill|||
||||London|||
||||EC3V 3QQ|||
|Bankers|||Barclays Bank|||
||||1 Churchill|Place||
||||London|||
||||E145HP|||
|Investment||advisors|tJBSWealth|Management||
||||5 Broadgats|||
||||London|||
||||EC2M 2AN|||
|Solicitors|||Reed Smith|LLP||
||||Broadgate Tower|||
||||20 Primrose|Street||
||||London|||
||||EC2A2RS|||
|Property|Advisors||Motcomb Estates|||
||||4th Floor|||
||||Millbank<br>Tower|||
||||21-24 Millbank|||
||||London|||
||||SW1P 4QP|||





## 

## 

|||Page|
|---|---|---|
|Trustees'<br>reporl||1-4|
|Statement of|Trustees'<br>responsibilities||
|Independent|auditor's<br>report|6-8|
|Consolidated|Statement offinancial<br>activities||
|Consolidated|and Charity balance sheet|10|
|Consolidated|Statement<br>ofcash flows||
|Notes to consolidated<br>financial<br>statements||12-30|





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||||Unrestricted|Designated|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2021|2020|
|||Notes|F|f|f|f|
|Income from:|||||||
|Donations<br>and legacies||||||2,000,000|
|investments||5|4,195,472||4,195,472|4,764,948|
|Total income|||4,195,472||4,195,472|6,764,948|
|~EdIt|||||||
|Raising funds|||1,677,327||1,677,327|1,011,968|
|Charitable<br>activities|||7,168,252|17,471|7,185,723|89,741,346|
|Other expenses|||316,757||316,757|955,995|
|Total expenditure|||9,162,336|17,471|9,179,807|91,709,309|
|Net expenditure|before||||||
|gains and losses <br>investments|on||(4,966,864)|(17,471)|(4,984,335)|(84,944,361)|
|Net gains on investments||12|3,997,985||3,997,985|13,929,258|
|Net expenditure|for the year||(968,879)|(17,471)|(986,350)|(71,015,103)|
|Fund balances at|1 January 2021||17,435,415|284,922|17,720,337|88,735,440|
|Fund balances at 31 December 2021|||16,466,536|267,451|16,733,987|17,720,337|





## 

## 

|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
||||Notes|||||
|Fixed assets||||||||
|Tangible assets<br>Investments|||15<br>16|66,403,882<br>25,816,248|66,390,000<br>33,527,028|54,390,000<br>31,981,514|54,390,000<br>39,692,294|
|||||92,220,130|99,917,028|86,371,514|94,082,294|
|Current assets||||||||
|Debtors||||1,983,015|1,953,762|2,012,471|1,836,168|
|Cash at bank and|in|hand||14,496,217|5,605,428|14,004,354|5,579,804|
|||||16,479,232|7,559,190|16,016,825|7,415,972|
|Creditors: amounts<br>one year||falling due within|20|(28,268,179)|(4,283,035)|(27,655,891)|(4,135,538)|
|Net current (liabilities)/assets||||(11,788,947)|3,276, 155|(11,639,067)|3,280,434|
|Total assets less|current liabilities|||80,431,183|103,193,183|74,732,448|97,362,728|
|Creditors: amounts<br>more than one year||falling due after|21|(62,377,374)|(84,469,781)|(62,377,374)|(84,469,781)|
|Provisions for liabilities||||||||
|Deferred tax liability|||23|(1,319,822)|(1,003,065)|||
|Net assets||||16,733,987|17,720,337|12,355,074|12,892,947|
|Income funds||||||||
|Unrestricted<br>funds||||||||
|Designated<br>funds<br>General<br>unrestricted||funds|26|267,451<br>16,466,536|284,922<br>17,435,415|267,451<br>12,087,623|284,922<br>12,608,025|
|||||16,733,987|17,720,337|12,355,074|12,892,947|





## 

## 

|||2021||2020||
|---|---|---|---|---|---|
||Notes|f|E|E||
|Cash flows from operating<br>activities<br>Cash generated<br>from operations|32||(4,042,525)||(3,595,843)|
|Investing<br>activities<br>Purchase<br>of tangible<br>fixed assets||(13,882)||(77,672)||
|Purchase ofother investments||(10,391)||(10,000,000)||
|Proceeds on disposal of other investments<br>Interest received||11,718,070<br>1,239,517||3,999,594<br>1,741,103||
|Net cash generated<br>from/(used<br>in)<br>investing<br>activities|||12,933,314||(4,336,975)|
|Net Increase/(decrease)<br>In cash and cash<br>equivalents|||8,890,789||(7,932,818)|
|Cash and cash equivalents<br>at beginning|ofyear||5,605,428||13,538,246|
|Cash and cash equivalents<br>at end ofyear|||14,496,217||5,605,428|





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## 

|The summary<br>fi|nancial<br>performa|nce<br>ofthe charity alone is:|||
|---|---|---|---|---|
||||Total|Total|
||||2021|2020|
||||f.||
|Gift aid receipts from subsidiaries<br>Other incoming<br>resources<br>Costs of raising<br>funds<br>Grants paid<br>Other expenditure|||159,514<br>3,456,110<br>(965,760)<br>P,181,724) <br>(3,998)|291,672<br>6,064,912<br>(561,563)<br> (89,708,346)<br>(33,000)|
|Net expenditure|for the year||(4,535,858)|(83,946,325)|
|Gains/(losses)|on investmsnt|assets|3,997,985|8,079,258|
|Net movement|in funds||(537,873)|(75,867,067)|
|Fund balances|at 1 January|2021|12,892,947|88,760,014|
|Fund balances|at 31 December 2021||12,355,074|12,892,947|





## 

## 

## 

|Below shows a summary<br>of the trading<br>results ofths two subsidiaries;|Below shows a summary<br>of the trading<br>results ofths two subsidiaries;|Below shows a summary<br>of the trading<br>results ofths two subsidiaries;|||
|---|---|---|---|---|
|Concorde Sixth (Ulster Terrace No 1) Ltd<br>Turnover|||Total<br>2021|Total<br>2020|
||||f|f.|
|Profit and Loss Account|||18,254|117,220|
|Management<br>expenses<br>Tax provisions|||(99,908)<br>(108,249)|(88,717)<br>(342,789)|
|Gross profit<br>Adminstrative<br>expenses|||(189,903)<br>(50,067)|(314,286)<br>(70,539)|
|Amount<br>gift aided to parent<br>undertaking<br>Fair value gain on investment<br>properties||||2,650,000|
|Retained<br>in subsidiary|||(239,970)|2,265,175|
|At 31 December 2021 ths|net|assets and reserves ofthe company were as|||
|follows:|||||
|Assets and Liabilities|||||
|Fixed assets<br>Current assets|||7,013,883<br>81 964|7,000,001<br>57549|
|Current<br>liabilities|||(3,277,104)|(3,107,086)|
|Provisions|||(451,038)|(342,789)|
||||3,367,705|3,607,675|
|Net Assets|||||
|Represented<br>by;|||||
|Share capital<br>Reserves|||1<br>3,367,704|1<br>3,607,674|
||||3,367,705|3,607,675|





## 

## 

## 

|||||||||
|---|---|---|---|---|---|---|---|
|4|Income earned|||from other activities|||(Continued)|
|||||||Total|Total|
|||||||2021|2020|
||Spicerite Ltd|||||6|6|
||Profit and Loss Account|||||||
||Turnover|||||570,854|582,816|
||Management<br>Tax provisions|expenses||||(531,307)<br>(208,508)|(240,319)<br>(613,406)|
||Gross profit|||||(168,961)|(270,909)|
||Adminstrative||expenses|||(30,288)|(50,824)|
||Amount<br>gift aided to parent undertaking|||||(159,514)|(291,673)|
||Other income|||||||
||Fair value gain||on investment||properties|150,255|3,200,000|
||Retained<br>in subsidiary|||||(208,508)|2,586,594|
||At 31 December|||2021 the net assets and reserves ofthe company were as||||
||follows:|||||||
||Assets and Liabilities|||||||
||Fixed assets|||||5,000,000|5,000,000|
||Current assets|||||753,925|603,370|
||Current<br>liabilities|||||(1,320,234)|(1,169,679)|
||Provisions|||||(868,784)|(660,276)|
|||||||3,564,907|3,773,415|
||Net Assets|||||||
||Represented<br>Share capital<br>Reserves|by;||||3<br>3,564,904|3<br>3,773,412|
|||||||3,564,907|3,773,415|
|5|Income from||Investments|||||
|||||||2021|2020|
||Rental income|||||2,805,700|3,023,845|
||Other income|||||1,389,772|1,741,103|
|||||||4,195,472|4,764,948|





## 

## 

## 

|6|Raising funds|||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||Investment<br>property||management|||||
||Ground<br>rents|||||620,222|329,498|
||Management|fees||||122,560|121,189|
||Rates|||||517|254|
||Legal 8, professional||fees|||23,760|34,978|
||I oan interest|||||432,243|241,647|
||Other expenses|||||478,025|284,402|
|||||||1,677,327|1,011,968|
|7|Charitable<br>activities|||||||
|||||||2021|2020|
|||||||6|6|
||Grant funding|activities||(sse note 9)||7,181,723|89,708,346|
||Support costs|including||governance|costs (see note 10)|4,000|33,000|
|||||||7,185,723|89,741,346|



|Other ex|pen|ses|||
|---|---|---|---|---|
||||Tots I|Total|
||||f||
||||2021|2020|
|Deferred|tax|charge|316,757|955,995|
||||316,757|955,995|





## 

## 

## 

|9|Grants payable|||||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||||2021|2020|
||Paid during<br>the year<br>Grants to institutions<br>Grants to individuals<br>Donation<br>Covid 19|(see below)<br>(see below)|||33|6<br>4,427,791<br>75,506<br>1,046,386|f<br>33,193,642<br>86,793<br>2,686,778|
|||||||5,549,683|35,967,213|
||Committed<br>amounts|||||||
||Total brought<br>forward<br>Total carried forward|(see note 22)||||(58,067,077)<br>59,699,117|(4,325,944)<br>58,067,077|
|||||||7,181,723|89,708,346|
|||||||2021|2020|
|||||||E|8|
||ARK Schools|||||135,000|225,000|
||Art ofWishes|||||10,000||
||Bede Foodbank|||||11,184||
||British Friends Of Boys||Town|Jerusalem||22,995|17,968|
||British Academy of Film <br>British Film Institute||and Television Arts|||120,000|300,000<br>20,000|
||Cambridge<br>University<br>Carers Trust|||||70,000<br>10,000|424,876<br>10,000|
||Community<br>Security|Trust||||25,000|25,000|
||Centrepoint|||||472,390||
||Design Museum<br>Great Ormond<br>Street|Hospital||||50,000|35,000|
||Fauna &Flora International|||||10,000||
||Holocaust<br>Educational||Trust|||25,000|25,000|
||illuminated<br>River Foundation||||||1,500,000|
||Jewish Care|||||25,000|25,000|
||Juvenile Diabetes Research|||Foundation||20,000||
||National<br>Horse Racing||College|||8,000|8,000|
||Injured Jockeys Fund<br>Lync Institute<br>Mayo Clinic<br>Monaco Hospital<br>Nancy Reuben<br>Primary<br>Norwood||School|||8,000<br>42,706<br>7,310<br>21,186<br>255,000<br>50,000|8,000<br>7,768<br>280,000<br>50,000|
||Sephardic Academy <br>University<br>of Oxford|of Manhattan<br> (Reubsn<br>College)||||1,323,821<br>1,457,500|30,000,000|
||Others|||||323,204|318,824|
|||||||4,503,297|33,280,436|





## 

## 

## 

|9|Grants payable|||Total|Total|
|---|---|---|---|---|---|
||Paid during<br>the year<br>Grants to institutions<br>(see below)<br>Grants to individuals<br>(see below)<br>Donation<br>Covld 19||33|2021f<br>4,427,791<br>75,506<br>1,046,386|2020<br>f.<br>33,193,642<br>86,793<br>2,686,778|
|||||5,549,683|35,967,213|
||Committed<br>amounts|||||
||Total brought<br>forward<br>Total carried forward (see note 22)|||(58,067,077)<br>59,699,117|(4,325,944)<br>58067 077|
|||||7,181,723|89,708,346|
|||||2021|2020|
|||||f|f|
||ARK Schools|||135,000|225,000|
||Art ofWishes|||10,000||
||Beds Foodbank|||11,184||
||British Friends Of Boys Town Jerusalem<br>British Academy<br>of Film and Television Arts<br>British Film institute|||22,995<br>120,000|17,968<br>300,000<br>20,000|
||Cambridge<br>University<br>Carers Trust|||70,000<br>10,000|424,876<br>10,000|
||Community<br>Security Trust<br>Csntrepoint<br>Soho Fundraising|||25,000<br>472,390|25,000|
||Design Museum<br>Great Ormond Street Hospital|||50,000|35,000|
||Fauna & Flora International|||10,000||
||Holocaust<br>Educational<br>Trust|||25,000|25,000|
||illuminated<br>River Foundation||||1,500,000|
||Jewish Cars|||25,000|25,000|
||Juvenile<br>Diabetes Research|Foundation||20,000||
||National<br>Horse Racing College|||8,000|8,000|
||Injured Jockeys Fund<br>Lync Institute<br>Mayo Clinic<br>Monaco Hospital<br>Nancy Reuben<br>Primary School<br>Norwood|||8,000<br>42,706<br>7,310<br>21,186<br>255,000<br>50,000|8,000<br>7,768<br>280,000<br>50,000|
||Sephardic Academy<br>of Manhattan<br>University<br>ofOxford (Rsuben College)<br>Others|||1,323,821<br>1,457,500<br>323,204|30,000,000<br>318,824|
|||||4,503,297|33,280,436|





## 

## 

## 

## 

|10|Analysis<br>o|f|go|vernance||and s|upport costs|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Support||Governance|2021||2020|
|||||||||costs||costs||||
||||||||||8|f||0|6|
||Bank charges|||||||2,160|||2, 160||195|
||Audit fees|||||||||4,000|4000||33000|
|||||||||2,160||4,000|6,160||33,195|
|11|Net movement|||in funds|||||||2021||2020<br>f|
||Net movement|||in funds|is|stated|after charging/(crediting)|||||||
||Fees payable <br>statements||to the company's||||auditor for the audit of the|company's|financial||15,000||33,000|
||Investment|revaluation|||gains|||||(3,997,985)||(13,929,258)||
|12|Net gains|on investments||||||||||||
||||||||||||2021||2020|
||Revaluation||of investments||||||||3,997,985||(169,547)|
||Revalution|of investment||||properties|||||||14,098,805|
||||||||||||3,997,985||13,929,258|



## 

## 

## 



## 

## 

## 

|15|investment<br>Properties|||||
|---|---|---|---|---|---|
||Group|Freehold<br>Investment|Leasehold<br>Investment|Plant and<br>machinery|Total|
|||properties|properties|||
|||6|8|||
||Cost|||||
||At 1 January 2021|55,836,963|11,646,877|270,688|67,754,528|
||Additions|13,882|||13,882|
||At 31 December 2021|55,850,845|11,646,877|270,688|67,768,410|
||Depreciation<br>and impairment<br>At 1 January 2021||1,093,840|270,688|1,364,528|
||At 31 December 2021||1,093,840|270,688|1,364,528|
||Carrying<br>amount<br>At 31 December 2021|55,850,845|10,553,037||66,403,882|
||At 31 December 2020|55,836,963|10,553,037||66,390,000|



|Charity|
|---|
|Cost|
|At 1 January 2021|
|At 31 December 2021|
|Depreciation<br>and impairment|
|At 1 January 2021|
|At 31 December 2021|
|Carrying<br>amount|
|At 31 December 2021|
|At 31 December 2020|



|Freehold|Leasehold|Plant and|Total|
|---|---|---|---|
|Investment|Investment|machinery||
|properties<br>6|properties<br>f|||
|54,036,963|1,446,877|270,688|55,754,528|
|54,036,963|1,446,877|270,688|55,754,528|
||1,093,840|270,688|1,364,528|
||1,093,840|270,688|1,364,528|
|54,036,963|353,037||54,390,000|
|54,036,963|353,037||54,390,000|





## 

## 

## 

## 

## 

## 

|Fixed asset|Investments||||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2021|2020|2021|2020|
|||Notes|E|E|E|E|
|Investments|in subsidiaries|27|||6,165,266|6,165,266|
|Listed investments|||25,816,248|33,527,028|25,816,248|33,527,028|
||||25,816,248|33,527,028|31,981,514|39,692,294|



|Movements<br>in fixed asset investments||
|---|---|
|Group|Bonds and<br>Equities|
||E|
|Cost or valuation||
|At 1 January 2021<br>Additions<br>at cost|33,527,028<br>10,391|
|Net change<br>in value<br>in the year|4,069,147|
|Capital repayment<br>and disposals|(11,790,317)|
|At 31 December 2021|25,816,248|
|Carrying<br>amount<br>At 31 December 2021|25,816,248|
|At 31 December 2020|33,527,028|





## 

## 

||||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
|17|Financial|Instruments|||||2021<br>6|2020<br>f|2021<br>f|2020<br>E|
||Carrying|amount of|financial assets||||||||
||Instruments<br>measured<br>loss||at|fair|value through|profit or|25,816,248|33,627,028|25,816,248|33,257,026|
|18|Debtors||||||Group|Group|Charity|Charity|
||Amounts|falling due|within||one year:||2021<br>F|2020f|2021f|2020f|
||Trade debtors||||||478,948|870,053|404,203|438,459|
||Amounts|dus from subsidiary|||undertakings||||373,483|478,925|
||Other debtors||||||1,186,380|693,800|940,994|616,154|
||Prepayments<br>and accrued|||income|||317)687|389,909|293,791|302,630|
||||||||1,983,015|1,953,762|2,012,471|1,836,168|



|Loans and overdrafts|||
|---|---|---|
||2021|2020|
||F|E|
|Other loans|28,515,226|30,016,030|
|Payabls aRer one year|28,515,226|30,016,030|





## 

## 

## 

|20|Creditors: amounts|falling due within one year|falling due within one year|Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||||6|6|
||Other taxation<br>and social security|||67,070|184,229|64,900|164,179|
||Trade creditors|||75,201|177,050|5,731|107,762|
||Grant commitments||22|25,836,970|3,613,326|25,836,970|3,613,326|
||Amounts<br>due to subsidiary||undertakings||||38,777|
||Other creditors|||1,824,606|239,332|1,695,937|163,517|
||Accruals and deferred|income||474,332|69,098|62,353|47,977|
|||||28,268,179|4,283,035|27,655,891|4,135,538|



|Credit|ors: amounts<br>falling|due after more t|han one year||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2021|2020|2021|2020|
||||6|5||6|
|Loans|and overdrafts||28,515,226|30,016,030|28,515,226|30,016,030|
|Grant|commitments|22|33,862,148|54,453,751|33,862,148|54,453,751|
||||62,377,374|84,469,781|62,377,374|84,469,781|





## 

## 

## 

## 

|22|Grant Commitments||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
||ARK Schools||||315,000|450,000|
||Holocost Educational|Trust|||25,000||
||Friends of Israel||||5,000||
||Cambridge<br>University||||337,451|424,922|
||University<br>of Oxford (Reuben College)||||48,213,816|47,501,780|
||Community<br>Security Trust||||25,000|25,000|
||Nancy Reuben<br>Primary||School||250,000|250,000|
||Norwood<br>Foundation||||50,000|50,000|
||CW+||||2,500,000||
||University<br>of Oxford||||7,920,500|9,308,000|
||Monaco Hospital||||21,186|22,375|
||Jewish care||||25,000|25,000|
||Others||||1,165||
||Carers Trust||||10,000|10,000|
||||||59,699,118|58,067,077|
||Comprised<br>as follows:||||||
||Due in less than one|year|||25,836,970|3,613,326|
||Due in more than one year||||33,862,148|54,453,751|
||||||59,699,118|58,067,077|
|23|Provisions<br>for liabilities|||Notes|2021<br>f|2020<br>E|
||Deferred tax liabilities|||23|1,319,822|1,003,065|
||||||1,319,822|1,003,065|
||Movements<br>in provisions:||||||
|||||||Totalf|
||At 1 January 2021|||||(1,003,065)|
||Additional<br>provisions|in|the year|||(316,757)|
||At 31 December 2021|||||(1,319,822)|





## 

## 

## 

## 

## 

||||General and|Revaluation|Revaluation|Revaluation|Total as at|Total as at|
|---|---|---|---|---|---|---|---|---|
||||Designated|||reserve|31.12.2021|31.12.2020|
||||funds||||||
||||f||||||
||Balance at|1 January 2021|(16,961,083)||34,681,420||17,720,337|88,735,440|
||Income||4,195,472||||4,195,472|6,764,948|
||Expenditure||(9,179,807)||||(9,179,807)|(91,709,309)|
||Revaluation|in the year:|||||||
||Investment|property||||||14,098,805|
||Quoted investments|||||3,997,985|3,997,985|(169,547)|
||Balance at|31 December 2021|(21,945,418)||38,679,405||16,733,987|17,720,337|
|26|Designated|funds|||||||
|||||||Movement|ln funds||
||||Balance|at|1|Transfers|Resources|Balance at 31|
||||January||||expended December 2021||
|||||2021|||||
||||||f||||
||Cambridge|University - Postgraduates|284,922||||(17,471)|267,451|
||||284,922||||(17,471)|267,451|





## 

## 

## 

|The charity|holds more|holds more|than 20%ofthe|than 20%ofthe|share capital ofthe following|share capital ofthe following|share capital ofthe following|companies;||
|---|---|---|---|---|---|---|---|---|---|
|Name ofundertaking|||and country of|||Nature ofbusiness||Class of|% Held|
|incorporation||or residency||||||||
|||||||||shareholding|Direct|
|Concorde|Sixth|(Ulster|Terrace|England|&Wales|Property|investment|Ordinary|100|
|No 1) I td<br>Concorde|Sixth|(Ulster|Terrace|England|&Wales|Dormant||Ordinary|100|
|No 2) Ltd<br>Concorde|Sixth|Regents Park||England|&Wales|Dormant||Ordinary|100|
|Ltd||||||||||
|Spicerite Limited||||England|&Wales|Property|investment|Ordinary|100|



## 

|Analysis|of net assets between<br>funds|||||
|---|---|---|---|---|---|
||||General|Designated|Total|
||||unrestricted|funds||
||||funds|||
||||6|||
|Fund balances at 31 December 2021 ars represented||by:||||
|Tangible assets<br>Investmsnts|||66,403,882<br>25,816,248||66,403,882<br>25,816,248|
|Current|assets/(liabilities)||(12,056,398)|267,451|(11,788,947)|
|Long term liabilities|||(63,697,196)||(63,697,196)|
||||16,466,536|267,451|16733987|



## 




## 

## 

## 

## 

## 

## 

||||||At 1 January|Cash flows|At 31 December|
|---|---|---|---|---|---|---|---|
||||||2021f||2021<br>f.|
||Cash at bank and<br>in|hand|||5,605,428|8,890,789|14,496,217|
||Loans falling due after||more than ons year||(30,016,030)|1,500,804|(28,515,226)|
||||||(24,410,602)|10,391,593|(14,019,009)|
|32|Cash generated<br>from||operations|||2021|2020|
|||||||8|6|
||Deficit for the year|||||(986,350)|(71,015,103)|
||Adjustments<br>for:|||||||
||Investment<br>income|recognised||in profit or loss||(1,239,517)|(1,741,103)|
||Fair value gains on|investments||||(3,997,985)|(13,929,258)|
||Deferred tax movement|||||316,757|955,995|
||Movements<br>in working||capital:|||||
||(Increase)/decrease|in|debtors|||114,967|(1,188,924)|
||Increase<br>in creditors|||||1,749,603|83,322,550|
||Cash absorbed<br>by|operations||||(4,042,525)(3,595,843)||





## 

## 

## 

|33|Covid Donations||||
|---|---|---|---|---|
||||2021|2020|
||||6|6|
||University<br>of London<br>Chelsea<br>&Westministsr|Hospital||25,000<br>49,981|
||Royal Marsden<br>Hospital<br>Cannes<br>Hospital<br>Csntrepoint<br>Imperial<br>College<br>University<br>of Cambridge<br>University<br>of Oxford<br>NHS Charities|||25,000<br>34,848<br>25,000<br>25,000<br>25,000<br>25,000<br>150,000|
||Magen David<br>Emergency<br>Food Boxes<br>Jewish Care|||25,000<br>238,827<br>25,000|
||Greyhound<br>Welfare<br>Feeding the Frontlines<br>Latet Humanitarian<br>Aid||960,543|181,516<br>150,000<br>400,000|
||Nancy Reuben<br>Primary School<br>Great Ormond<br>Street Hospital|||450,000<br>25,000|
||Newcastle<br>City Council<br>Others||85,843|806,606|
||||1,046,386|2,686,778|