##
||||Page|
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|||2 to 4|
|Report ofthe independent
Auditors|||5 to 6|
|Consolidated
Statement of Financial Activities||||
|Company
Statement of Financial Activities||||
|Consolidated
Balance Sheet and Charitable|Company|Balance Sheet|9to 10|
|Consolidated
Cash Flow Statement||||
|Notes to the Consolidated
Cash Flow Statement|||12|
|Notes to the Consolidated
Financial Statements|||13to 22|
##
|TRUSTEES||N Bleier (Chairman)|N Bleier (Chairman)|N Bleier (Chairman)|||
|---|---|---|---|---|---|---|
|||JS Bleier|||||
|||I Mett|||||
|COMPANY SECRETARY||N Bleier|||||
|REGISTERED OFFICE||First Floor|||||
|||94 Stamford||Hill|||
|||London|||||
|||N16 6XS|||||
|PRINCIPAL ADDRESS||Unit 3|||||
|||Edge Business Centre|||||
|||Humber
Road|||||
|||London|||||
|||NW2 6EW|||||
|REGISTERED COMPANY|NUMBER|01637128|(England||and Wales)||
|REGISTERED CHARITY|NUMBER|1096584|||||
|AUDITORS||Sugarwhite||Meyer|Accountants|Ltd|
|||Chartered|Accountants||||
|||8 Statutory||Auditor|||
|||First Floor|||||
|||94 Stamford||Hill|||
|||London|||||
|||N16 6XS|||||
|BANKERS||Allied
Irish||Bank|||
|||202-204 Finchley Road|||||
|||London
NW3 6BX|||||
|||Barclays Bank pic|||||
|||1 Churchill||Place|||
|||London|||||
|||E145HP|||||
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||~Com
an|~Percenta|e|
|---|---|---|---|
|~Com an|Re istration
Number|Shareholdin||
|Hiltona
Limited|02877741|100%||
|Ironhawk
Limited|01885811|100%||
|Twillam
Limited|01621763|100%||
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||||F|OR THE Y|EAR ENDED 30J|UNE 2021||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||Unrestricted|Total|
|||||||fund|funds|
||||||Notes|F|F|
|INCOME AND ENDOWMENTS||||FROM||||
|Donations
and legacies|||||||95,000|
|Investment
income||||||2,559,240|2,429,835|
|Other income||||||||
|Total income||||||2,559,240|2,524,835|
|EXPENDITURE ON||||||||
|Raising funds||||||||
|Investment
management||costs||||190,383|232,221|
|Charitable
activities||||||||
|Charitable
activities||||||3,004,425|1,793,316|
|Total expenditure||||||3,194,808|2,025,537|
|Net gains/(losses)
on|investments|||||60,668|98,587|
|NET INCOME/(LOSS)||BEFORE||TAXATION||(574,900)|597,885|
|Taxation||||||||
|NET INCOME/(LOSS)||AFTER TAXATION||||(574,900)|597,885|
|Attributable
to non-controlling|||interest|||(66,635)|(63,559)|
|NET MOVEMENT
IN|FUNDS|||||(641,535)|534,326|
|RECONCILIATION
OF||FUNDS||||||
|Total funds brought|forward|||||28,396,581|27,862,255|
|TOTAL FUNDS CARRIED FORWARD||||||27,755,046|28,396,581|
##
##
|||F|OR THE|YEAR ENDED 30J|UNE 2021||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|F|F|
|INCOME AND ENDOWMENTS|||FROM||||
|Donations
and legacies||||||95,000|
|Investment
income|||||2,193,320|2,186,905|
|Total income|||||2,193,320|2,281,905|
|EXPENDITURE ON|||||||
|Raising funds|||||||
|Investment
management||costs|||53,812|44,984|
|Charitable
activities|||||||
|Charitable
activities|||||2,836,965|1,776,096|
|Total expenditure|||||2,890,777|1,821,080|
|Net gains/(losses)
on|investments|||||1,467|
|NET MOVEMENT
IN|FUNDS||||(697,457)|462,292|
|RECONCILIATION
OF||FUNDS|||||
|Total funds brought|forward||||22,380,877|21,918,585|
|TOTAL FUNDS CARRIED FORWARD|||||21,683,420|22,380,877|
##
##
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
||Notes|||||
|FIXEDASSETS||||||
|Investments|12|10,352,833|9,858,990|7,631,989|7,132,117|
|Investment
property|13|17,824,833|17,824,833|5,837,338|5,837,338|
|||28,177,666|27,683,823|13,469,327|12,969,455|
|CURRENT ASSETS||||||
|Debtors|14|2,564,004|2,749,098|7,950,743|8,153,365|
|Cash at bank and
in hand||607,033|1,715,593|320,745|1,310,345|
|||3,171,037|4,464,691|8,271,488|9,463,710|
|CREDITORS
Amounts
falling due within one year|15|~1,452, 892|~1,525,842|~57,995|~52,288|
|NET CURRENT ASSETS||1,718,145|2,938,849|8,214,093|9,411,422|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||29,895,811|30,622,672|21,683,420|22,380,877|
|CREDITORS||||||
|Amounts
falling due after more than|one|||||
|year|16|(741,870)|(852,887)|||
|Provisions
for liabilities|18|~652,789)|~652,789|||
|NET ASSETS||28,501,152|29,116,996|21,683,420|22,380,877|
|Non-controlling
interest||~746,106|~720,415|||
|NET ASSETSATTRIBUTABLE TO||||||
|THE PARENT CHARITABLE COMPANY||27,755,046|28,396,581|21,683,420|22,380,877|
|FUNDS OF THE CHARITY||||||
|Unrestricted
funds|18|22,883,206|23,552,141|21,584,707|22,282,164|
|Fair value reserve|18|4,871,840|4,844,440|98,713|98,713|
|TOTAL CHARITY FUNDS||27,755,046|28,396,581|21,683,420|22,380,877|
##
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||||2021|2020|
|---|---|---|---|---|
|||Notes|||
|Cash flows from operating|activities||||
|Cash generated
from operations
Interest paid|||(1,001,516)
~16,152)|893,186
~23,907)|
|Net cash provided
by (used in) operating|||||
|activities|||~1,017,668)|869,279|
|Cash flows from investing|activities||||
|Purchase offixed asset investments|||(1,339,433)|(1,282,219)|
|Purchase of investment
property||||(18,432)|
|Sale offixed asset investments|||878,858|930,802|
|Sale of investment
property|||27,400|61,440|
|Interest received|||342,283|236,984|
|Net cash used
in investing
activities|||~90,892)|~71,425)|
|Change
in cash and cash equivalents||in the|||
|reporting
period|||(1,108,560)|(797,854)|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period|2|1,715,593|917,739|
|Cash and cash equivalents|at the end||||
|ofthe reporting
period||2|607,033|1,715,593|
##
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|||||2021|2020|
|---|---|---|---|---|---|
|Net income for the|reporting|period (as per the statement|of|||
|Financial activities)||||(615,844)|557,328|
|Adjustments
for:||||||
|Gains on investments||||(33,268)|(82,984)|
|Interest paid||||16,152|23,907|
|Interest received||||(342,283)|(236,984)|
|(Gains)/losses
on investment||assets||(27,400)|(15,603)|
|Decrease/(increase)
Decrease
in creditors|in debtors|||185,094
~163,967)|782,591
~135,069)|
|Cash generated
from operations||||~1,001,516)|893,186|
##
|respe|ct ofthese Balance Sheet amounts:|||
|---|---|---|---|
|Year|ended 30June 2021|||
|||30.6.21|1.7.20|
|||F|F|
|Cash|and cash equivalents|607,033|1,715,593|
|Year|ended 30June 2020|||
|||30.6.20|1.7.19|
|||F|F|
|Cash|and cash equivalents|1,715,593|917,739|
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|||||Group||Company||
|---|---|---|---|---|---|---|---|
||||2021||2020|2021|2020|
|Property|expenditure||142,530||171,727|47,398|38,232|
|Bank interest||payable|16,152||23,907|||
|Administrative||expenses|31,701||36,587|6,414|6,752|
||||190,383||232,221|53,812|44,984|
|5.|CHARITABLE|ACTIVITIES|COSTS|
|---|---|---|---|
||Group|||
|Charitable|activities|
|---|---|
|Company||
|Charitable|activities|
|Grant|||
|---|---|---|
|funding of|Support||
|activities|costs|Totals|
|(See note 6)|(See note 7)||
|f.|f.|f.|
|2,975,411|29,014|3,004,425|
|Grant|||
|funding of|Support||
|activities|costs|Totals|
|(See note 6)|(See note 7)||
|2,825,411|11,554|2,836,965|
##
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##
|GRANTS PAY|AB|LE||||||
|---|---|---|---|---|---|---|---|
||||||Group|Company||
|||||2021
f.|2020
f.|2021
f.|2020
f|
|Grants||||2,975,411|1,763,181|2,825,411|1,763,181|
|All grants were|institutional||and are|as follows:||||
|||||||2021|2020|
|Advancement|of religion|||||1,625,161|858,640|
|Advancement|ofeducation|||||61,840|43,935|
|Relief of poverty||||||211,060|831,436|
|Social Welfare||||||8,700||
|Medical||||||2,000||
|General
purpose||||||1,066,650|29,170|
|||||||2,975,411|1,763,181|
|Recipients of institutional|||grants:|||||
|United Talmudical||Association||||1,410,000||
|Asser Bishvil||||||950,000||
|YLT||||||100,000||
|Greatgreen
Limited||||||150,000||
|Broom Foundation||||||62,000||
|Chevras
Mo'oz Ladol||||||56,630||
|Achisomoch||||||51,000||
|NRST||||||45,000||
|Other grants (below f40,000)||||||150,781||
|||||||2,975,411||
##
##
||||Group||Company||
|---|---|---|---|---|---|---|
||||Governance|costs|Governance|costs|
||||2021
f.|2020
f.|2021
f.|2020
f|
|Support|costs||29,014|30,135|11,554|12,915|
|Support|costs, included|in the above, are as follows:|||||
||||Group||Company||
||||2021|2020|2021|2020|
|Bank charges|||199|222|199|222|
|Auditors'|remuneration||7,920|7,920|7,920|7,920|
|Auditors'
remuneration
Legal fees
General expenses||for non audit work|20,100
240
555|20,100
240
1,653|2,880
2,880
240
555,1,653||
||||29,014|30,135|11,554|12,915|
##
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|||||||Group||Company||
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
|Gain|on|disposal of|investment|assets||33,268|82,984||1,467|
|Gain|on|revaluation|of investment||property|27,400|15,603|||
|||||||60,668|98,587|1,467|1,467|
##
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|Group||
|---|---|
||Unlisted|
||Investments|
||f.|
|COST||
|At 1 July 2020|9,858,990|
|Additions
Distributions|1,339,433
~845,590)|
|At 30June 2021|10,352,833|
|NET BOOK VALUE||
|At 30June 2021|10,352,833|
|At 30June 2020|9,858,990|
##
|Company||||
|---|---|---|---|
||Shares
in|||
||group|Unlisted||
||undertakings|investments|Totals|
|COST||||
|At 1 July 2020|104|7,132,013|7,132,117|
|Additions||955,716|955,716|
|Disposals||~455,844)|~455,844)|
|At 30June 2021|104|7,631,885|7,631,885|
|NET BOOK VALUE||||
|At 30June 2021|104|7,631,989|7,631,989|
|At 30June 2020|104|7,132,013|7,132,117|
##
##
|Registered
number:
Nature of business:|Registered
number:
Nature of business:|0287774
Property|1
Investment||||
|---|---|---|---|---|---|---|
|Class ofshares:||||holding|||
|Ordinary||||100.00|||
||||||31.3.21|31.3.20|
|Aggregate
capital and reserves
Profit/(Loss)
for the year|||||439,141
~4,591)|443,732
22,359|
|Ironhawk|Limited||||||
|Registered|number:|01885811|||||
|Nature of business:||Property|Investment||||
|Class ofshares:||||holding|||
|Ordinary||||100.00|||
||||||30.6.21|30.6.20|
||||||F|F|
|Aggregate|capital and reserves||||3,143,901|3,143,901|
|Profit for the year|||||||
|Twillam
Limited|||||||
|Registered|number:|01621763|||||
|Nature of business:||Property|Investment||||
|Class ofshares:||||holding|||
|Ordinary||||100.00|||
||||||5.4.21|5.4.20|
|Aggregate|capital and reserves||||4,566,371|4,533,257|
|Profit/(Loss)
for the||year|||33,114|34,072|
|Rotherham|Estate|Co (Syndicate)|||||
|||||holding|||
|||||100.00|||
||||||31.3.21|31.3.20|
||||||F|F|
|Aggregate|capital and reserves||||1,357,766|1,238,728|
|(Loss)/profit
for the||year|||119,038|119,192|
|Swiss Cottage Estate Co (Syndicate)|||||||
|||||holding|||
|||||65.00|||
||||||31.3.21|31.3.20|
|Aggregate|capital and reserves||||2,131,397|2,057,993|
|(Loss)/profit
for the||year|||190,384|181,596|
##
##
##
|INVESTMENT PROPERTY||
|---|---|
|Group||
||Total|
||F|
|FAIR VALUE||
|At 1 July 2020|17,824,833|
|Additions||
|Disposals|(27,400)|
|Revaluations|27,400|
|At 30June 2021|17,824,833|
|NET BOOK VALUE||
|At 30June 2021|17,824,833|
|At 30June 2020|17,824,833|
|Company||
|---|---|
||Total|
|FAIR VALUE||
|At 1 July 2020|5,837,338|
|Additions||
|At 30June 2021|5,837,338|
|NET BOOK VALUE||
|At 30June 2021|5,837,338|
|At 30June 2020|5,837,338|
##
##
|DEBTO|RS:AMOUNTS
FALLING D|UE WITHIN ONE|YEAR|||
|---|---|---|---|---|---|
||||Group|Company||
|||2021|2020|2021|2020|
|Amounts|owed by subsidiaries|||5,779,704|6,004,133|
|Other debtors||2,564,004|2,749,098|2,171,039|2,149,232|
|||2,564,004|2,749,098|7,950,743|8,153,365|
##
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##
|||||||||||Group||Company|Company|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021
f.||2020
f.|2021
f.|2020
f|
||Bank loans (secured)||||||||71,530||65,734|||
||Other creditors||||||||1,324,979|1,396,975||46,595|41,488|
||Accruals and deferred||||income||||56,383||63,133|10,800|10,800|
||||||||||1,452,892|1,525,842||57,395|52,288|
|16.|CREDITORS:||AMOUNTS
FALLING|||||DUE AFTER MORE THAN ONE||||||
||YEAR|||||||||||||
|||||||||||||Group||
|||||||||||||2021|2020|
||Bank loans (see note||||17)|||||||741,870|852,887|
||The bank|loans|are secured|||by|legal|charges over certain of|||the groups'|properties
and a|personal|
||guarantee|from|two of||the Trustees.|||||||||
|17.|LOANS|||||||||||||
||An analysis of||the maturity|||of loans is given|||below:|||||
|||||||||||||Group||
|||||||||||||2021
f.|2020
f|
||Amounts|falling
due|||between||two|and||||||
||five years:|||||||||||||
||Bank loans - 2-5 years|||||||||||287,448|278,920|
||Amounts|falling
due|||in more||than|five||||||
||years:|||||||||||||
||Repayable|by|instalments|||||||||||
||Bank loans more than||||5years by instalments|||||||454,422|573,967|
|18.|PROVISIONS||FOR LIABILITIES|||||||||||
|||||||||||||Group||
|||||||||||||2021|2020|
||Balance at|beginning||ofthe||year||||||652,789|652,789|
||Charge/(credit)||for the|year||||||||||
||Balance at|end|ofthe|year||||||||652,789|652,789|
##
##
|||||Incoming|Resources|Transfers|Minority||
|---|---|---|---|---|---|---|---|---|
||||At 1.7.20|resources|expended|and gains|interest|At 30.6.21|
||F||F|F|F|F|F|F|
|Unrestricted||funds|||||||
|General|fund||23,552,141|2,559,240|(3,194,808)|33,268|(66,635)|22,883,206|
|Fair value reserve|||4,844,440|||27,400|-|4,871,840|
|TOTAL|FUNDS||28,396,581|2,559,240|(3,194,808)|60,668|(66,635)|27,755,046|
|||||Incoming|Resources|Gains and||
|---|---|---|---|---|---|---|---|
||||At 1.7.20|resources|expended|losses|At 30.6.21|
||F||F|F|F|F||
|Unrestricted||funds||||||
|General|fund||22,282,164|2,193,320|(2,890,777)||21,584,707|
|Fair value reserve|||98,713||||98,713|
|TOTAL|FUNDS||22,380,877|2,193,320|(2,890,777)||' 21,683,420|
##
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