| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent auditor's |
report to the members | ||
| Statement | offinancial | activities | |
| Statement | offinancial | position | 10 |
| Statement | ofcash flows | 11 | |
| Notes to | the financial | statements | 12 |
| Reference and administrative | Reference and administrative | details | ||||
|---|---|---|---|---|---|---|
| Registered charity name | The A.H. Trust | |||||
| Charity registration | number | 1101843 | ||||
| Principal office and | registered | |||||
| oitice | 9Danescroft Avenue | |||||
| London | ||||||
| NW4 2NB | ||||||
| The trustees | ||||||
| Mr ISmith | (Died 15January 2021) | |||||
| Mrs ESnuth | ||||||
| Mr A Grossnass | (Appointed | 15January 2021) | ||||
| Ms STSmith | (Appointed | 15January 2021) | ||||
| Auditor | Cohen Arnold | |||||
| Chartered accountants |
&statutory | auditor | ||||
| New Burlington | House | |||||
| 1075Finchley Road | ||||||
| LONDON | ||||||
| NW11 OPU |
| 2021 | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | 8 | |||||
| Income and endowments | ||||||
| Donations and legacies Investment income |
4 5 |
351,608 74,750 |
351,608 74,750 |
301,768 763 |
||
| Total income | 426,358 | 426&358 | 302,531 | |||
| Expenditure | ||||||
| Expenditure on raising funds: Investment management costs |
6 | (101,351) | (101,351) | (2,127) | ||
| Expenditure on charitable |
activities | 7,8 | (395,213) | (395&213) | (262,226) | |
| Total expenditure | (496,564) | (496,564) | (264,353) | |||
| Net gains on investments | 1,056,784 | |||||
| Net (expenditure)/income | and net movement | in funds | (70,206) | (70,206) | 1,094,962 | |
| Reconciliation offunds |
||||||
| Total funds brought forward | 1,312,864 | 1812,864 | 217,902 | |||
| Total funds carried forward | 1,242,658 | 1/42,658 | 1,312,864 |
| STATEMENT OF | FINANCIAL | FINANCIAL | POSITION | ||||
|---|---|---|---|---|---|---|---|
| 31MA.RGH | 2021 | ||||||
| 2021 | |||||||
| Note | 8 | ||||||
| Fixed assets | |||||||
| Tangible axed assets | 14 | 6~1r634 | 6,531,634 | ||||
| Investments | 15 | 18,100 | |||||
| 6449,734 | 6,531,634 | ||||||
| Current assets | |||||||
| Debtors | 16 | 174,012 | ?53,842 | ||||
| Cash at bank snd in band | 3,638 | 59,289 | |||||
| 177s650 | 313,131 | ||||||
| Creditors: amounts | falling due | ||||||
| within one year | 17 | (1~4,726) | (1,531,901) | ||||
| Net current liahiTities | (1P07r076) | (1,218,770) | |||||
| Total assets less cnrrent | liabihttes | 5~2,658 | 5,312,864 | ||||
| Creditors: amounts | falhng due after | ||||||
| more than one year' | 18 | (4,000,000) | (4,000,000) | ||||
| Net assets | 1PA2,658 | 1,312,864 | |||||
| Funds ofthe charity Unrestricted funds |
1~2,658 | 1,312,864 | |||||
| Total charity funds | 1~2,658 | 1,312,864 |
| YEAR EN | DED 31MARCH 2 | 021 | |
|---|---|---|---|
| 2021 | 2020 | ||
| Cash flows from operating activities Net (expenditure)/income |
(70,206) | 1,094,962 | |
| Adjustments for: Net gains on investments Dividends, interest and rents from investments Other interest receivable and similar income |
(74,750) | (1,056,784) (750) (13) |
|
| Accrued income | (1,440) | ||
| Donations in kind |
(18,100) | ||
| Changes in: Trade and other debtors |
79,830 | 37,908 | |
| Trade and other creditors | (47,175) | (86,843) | |
| Cash generated from operations |
(130,401) | (12,960) | |
| Interest received | 13 | ||
| Net cash used in operating activities |
(130,401) | (12,947) | |
| Cash flows from investing activities Dividends, interest and rents from investments Purchase oftangible assets |
74,750 | 750 (3,943,216) |
|
| Net cash from/(used in) investing activities |
74,750 | (3,942,466) | |
| Cash flows from financing activities Proceeds from borrowings |
4,000,000 | ||
| Net cash from financing activities |
4,000,000 | ||
| Net (decrease)/increase in cash and cash Cash and cash equivalents at beginning |
equivalents ofyear |
(55,651) 59)289 |
44,587 14,702 |
| Cash and cash equivalents at end ofyear |
3,638 | 59,289 |
| have been | had the impairm | had the impairm | en | t not prev |
iously been reco |
gnised | . | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 4. | Donations | and legacies | ||||||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | |||||||
| Donations Donations |
received | 351,608 | 351,608 | 301,768 | 301,768 | |||||
| 5. | Investment | income | ||||||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | |||||||
| Income from investment properties Bank and other interest receivable |
74,750 | 74,750 | 750 13 |
750 13 |
||||||
| 74,750 | 74,750 | 763 | 763 | |||||||
| 6. | Investment | management | costs | |||||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | |||||||
| Investment | management | costs | 101,351 | 101,351 | 2,127 | 2,127 | ||||
| 7. | Expenditure | on charitable | activities | by fund type | ||||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | |||||||
| t: | ||||||||||
| Donations | made | 390,953 | 390,953 | 259,601 | 259,601 | |||||
| Support costs | 4,260 | 4460 | 2,625 | 2,625 | ||||||
| 395,213 | 395,213 | 262,226 | 262,226 |
| Grant funding | Total funds | Total fund | ||||
|---|---|---|---|---|---|---|
| ofactivities | Support costs | 2021 | 2020 | |||
| 8 | ||||||
| Donations | made | 390,953 | 4,260 | 395,213 | 262,226 | |
| Analysis | ofsupport | costs |
| 9. | Analysis | ofsupport cost |
s | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Analysis of | |||||||||
| support | costs | ||||||||
| Accountancy | |||||||||
| fees | Total 2021 | Total 2020 | |||||||
| Support | costs | 4,260 | 4460 | 2,625 | |||||
| lb. | Analysis | ofgrants | |||||||
| Included | in the charitable | activities are | the following | material | grants | made during the year: | |||
| 2021 | |||||||||
| LTC Trust Co | 149,487 | ||||||||
| Beis Hillel Trust | 69,537 | ||||||||
| North London Welfare and Educational | Foundation | 60,000 | |||||||
| Amounts | no greater than | f25,000individually | or in | aggregate | 111,929 | ||||
| 390,953 |
| Net gains on | inve | stmen | ts | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | |||||
| Gains/(losses) assets |
on | other | investment | 1,056,784 | 1,056,784 |
| Tangible f | ixed assets | |
|---|---|---|
| Land and | ||
| buildings | ||
| 8 | ||
| Fair value | ||
| At 1April | 2020 and 31 March 2021 | 6/31,634 |
| Depreciation | ||
| At 1April | 2020 and 31March 2021 | |
| Carrying amount At 31March 2021 |
6@31,634 | |
| At 31March 2020 | 6,531,634 |
| 15. | Investments | |||
|---|---|---|---|---|
| Other | ||||
| investments | ||||
| Cost or valuation | ||||
| At 1 April 2020 Additions |
18,100 | |||
| At 31March 2021 | 18,100 | |||
| Impairment | ||||
| At 1April 2020 | and 31March 2021 | |||
| Carrying amount At 31March 2021 |
18,100 | |||
| At 31March 2020 | ||||
| All investments | shown above are held at valuation. | |||
| 16. | Debtors | |||
| 2021 | 2020 | |||
| f. | ||||
| Other debtors | 174,012 | 253,842 |
| 17. | Creditors: amounts | falling due within on | e year | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Accruals and deferred |
income | 6/40 | 6,240 | ||
| Other creditors | 1,478,486 | 1,525,661 | |||
| Ij484,726 | 1,531,901 | ||||
| Included in Other creditors is an unsecured |
loan of81.2million. | ||||
| 18. | Creditors: amounts | falling due after more than one year | |||
| 2021 | 2020 | ||||
| Bank loans and overdrafts | 4,000,000 | 4,000,000 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| I | April 2020 | Income | Expenditure | losses | 31March 2021 | ||
| K | |||||||
| General | funds | 1,312,864 | 426,358 | (496,564) | 1442,658 | ||
| At | Gains and | At | |||||
| I | April 2019 | Income | Expenditure | losses | 31March 2020 | ||
| General | funds | 217,902 | 302,531 | (264,353) | 1,056,784 | 1,312,864 |
| NOTES TO THE FINANC YEAR ENDED Analysis ofliabilities between funds |
IAL STATEMENTS 31MARCH 2021 |
&connnsrs) | |
|---|---|---|---|
| Unrestncted | Total Funds | ||
| Funds | 2021 | ||
| Tangible fixed assets Investments |
6,531,634 18,100 |
6@31,634 18,100 |
|
| Current assets |
177,650 | 177,650 | |
| Creditors less than I year | (1,484,726) | (1,484&726) | |
| Creditors greater than I year | (4,000,000) | (4,000,000) | |
| Net assets | 1,242,658 | I/42,658 | |
| Unrestricted | Total Funds | ||
| Funds | 2020 | ||
| Tangible fixed assets | 6,531,634 | 6,531,634 | |
| Investments | |||
| Current assets | 313,131 | 313,131 | |
| Creditors less than I year | (1,531,901) | (1,531,901) | |
| Creditors greater than I year | (4,000,000) | (4,000,000) | |
| Net assets | 1,312,864 | 1,312,864 | |
| Analysis ofchanges in net debt | |||
| At | At | ||
| 1 Apr 2020 | Cash flows | 31Mar 2021 | |
| Cash at bank and in hand | 59,289 | (55,651) | 3,638 |
| Debt due after one year | (4,000,000) | (4,000,000) | |
| (3,940,711) | (55,651) | (3,996,362) |