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||||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|
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|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|||||
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|||||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|
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|||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|
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|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|
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||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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)|
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