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||||Page|
|---|---|---|---|
|Trustees'
report|||1-7|
|Statement ofTrustees'|responsibilities|||
|Independent
auditor's|report||9-12|
|Statement offinancial|activities||13|
|Summary
income and|expenditure|account|14|
|Balance sheet|||15-16|
|Notes to the financial|statements||17-30|
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|||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2021|2021|2021|2020|2020|2020|
||||Notes|F|E|E|E|E|E|
|~ccome from||||||||||
|Donations
and|legacies||3|19,034||19,034|20,298||20,298|
|Investments|||4|17,144|49,926|67,070|29,224|55,578|84,802|
|Total income and||||||||||
|endowments||||36,178|49,926|86,104|49,522|55,578|105,100|
|Ex enditure
on:||||||||||
|Raising funds||||605|14,215|14,820|734|14,197|14,931|
|Charitable
activities|||6|525,237||525,237|512,084||512,084|
|Exceptional
item -||Loss||||||||
|due to fraud|||23|100,000||100,000||||
|Total resources expended||||625,842|14,215|640,057|512,818|14,197|527,015|
|Net gains/(losses)||on||||||||
|investments||||30,000|712,718|742,718||341,528|341,528|
|Net movement|in|funds||(559,664)|748,429|188,765|(463,296)|382,909|(80,387)|
|Fund balances|at 1 November|||||||||
|2020||||4,046,932|3,662,869|7,709,801|4,510,228|3,279,960|7,790,188|
|Fund balances|at|31||||||||
|October 2021||||3,487,268|4,411,298|7,898,566|4,046,932|3,662,869|7,709,801|
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||||All income|All income|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|Gross income|||36,178|49,522|
|Change
in fair value on investment||property|30,000||
|Total income
in|the reporting
period||66,178|49,522|
|Total expenditure|from income funds||625,842|512,818|
|Net expenditure|for the year||(559,664)|(463,296)|
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|E||E||
|Fixed assets|||||||||
|Tangible assets||||13||2,046||1,168|
|Investment|properties|||14||500,000||470,000|
|Investments||||15||4,849,865||4,151,278|
|||||||5,351,911||4,622,446|
|Current assets|||||||||
|Debtors||||17|3,077||||
|Cash at bank and||in|hand||2,561,692||3,106,772||
||||||2,564,769||3,106,772||
|Creditors:|amounts||falling due within||||||
|one year||||18|(18,114)||(19,417)||
|Net current|assets|||||2,546,655||3,087,355|
|Total assets less||current liabilities||||7,898,566||7,709,801|
|Capital funds|||||||||
|Endowment|funds|- general||||4,411,298||3,662,869|
|Income funds|||||||||
|Unrestricted|funds||||||||
|Designated|funds|||20|2,833,569||3,309,953||
|General
unrestricted|||funds||653,699||736,979||
|||||||3,487,268||4,046,932|
|||||||7,898,566||7,709,801|
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|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2021|2020|
|Donations|and gifts|||||19,034|20,298|
|Investments||||||||
|||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
|||funds|funds||funds|funds||
||||general|||general||
|||2021|2021|2021|2020|2020|2020|
|||E|||F|E|F|
|Income from listed||||||||
|investments|||49,926|49,926||55,578|55,578|
|Rental income||16,222||16,222|19,026||19,026|
|Interest receivable||922||922|10,198||10,198|
|||17,144|49,926|67,070|29,224|55,578|84,802|
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||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||||general|||general||
||||2021|2021||2020|2020|2020|
||||||||E||
|Investment|mana|ement|605|14,215|14,820|734|14,197|14,931|
||||605|14,215|14,820|734|14,197|14,931|
##
|||||Religious|Educational|Maintenance|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||and||and|2021|2020|
|||||cemetery||conserving|||
|||||running||assets|||
|||||expenses|||||
|Staff costs||||7,347|36,833||44,180|41,828|
|Building costs||||16,104|||16,104|40,415|
|Semicha course provision|||||42,737||42,737|51,459|
|Expenses|incurred||in support of||||||
|Semicha courses|||||1,391||1,391|5,183|
|Conservation||programme||||4,980|4,980|1,050|
|Manuscripts||||||7,485|7,485|2,190|
|Testimonial|projects|||||2,197|2,197|4,485|
|||||23,451|80,961|14,662|119,074|146,610|
|Grant funding||of activities (see note 7)|||||||
||||||269,857||269,857|268,619|
|Share ofsupport costs (see note 8)||||7,676|114,831|4,799|127,306|90,855|
|Share ofgovernance|||costs (see note||||||
|8)||||543|8,118|339|9,000|6,000|
|||||31,670|473,767|19,800|525,237|512,084|
|Analysis
by||fund|||||||
|Unrestricted||funds||31,670|473,767|19,800|525,237||
|||||31,670|473,767|19,800|525,237||
|For the year||ended|31October 2020||||||
|Unrestricted|funds|||58,571|443,986|9,527||512,084|
|||||58,571|443,986|9,527||512,084|
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|||Educational|Educational|
|---|---|---|---|
|||2021|2020|
|Grants to institutions:||||
|Manchester
Kollel||31,250|18,750|
|Dayanut
Course||13,750|18,600|
|London School ofJewish|Studies|50,386|50,000|
|University
Scholarships||11,449|5,970|
|Eretz Hatzvi||13,500|26,001|
|Midreshet
Harova||22,500|31,500|
|Secular Yeshiva||7,500|7,500|
|Spanish
and Portuguese|Congregation||5,000|
|Morenu||8,025|22,500|
|Sephardi Voices||4,197|9,998|
|Jewish Chaplaincy||10,000|20,000|
|Yeshivat
Hakotel||31,500||
|Sephardi
Haburah||12,500||
|||216,557|215,819|
|Grants to individuals||53,300|52,800|
|||269,857|268,619|
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|Support|costs||||||
|---|---|---|---|---|---|---|
||||Support|Governance|2021|2020 Basis ofallocation|
||||costs|costs|||
||||E||||
|Staff costs|||66,793||66,793|52,636 See note a)|
|Depreciation|||714||714|532 See note a)|
|ITcosts|||7,965||7,965|3,228 See note a)|
|Maintenance|costs||15,268||15,268|13,837 See note a)|
|Accountancy|and secretarial||12,290||12,290|11,580 See note a)|
|Rent and security costs|||23,333||23,333|1,667 See note a)|
|Legal and professional||fees|900||900|7,125 See note a)|
|Sundry expenses|||43||43|250 See note a)|
|Audit fees||||9,000|9,000|6,000 See note b)|
||||127,306|9,000|136,306|96,855|
|Analysed|between||||||
|Charitable|activities||127,306|9,000|136,306|96,855|
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|2021|2020|
|---|---|
|Number|Number|
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|10|Employees||(Continued)|
|---|---|---|---|
||Employment
costs|2021|2020|
||||E|
||Wages and salaries|103,859|88,825|
||Social security costs|4,933|3,778|
||Other pension costs|2,181|1,861|
|||110,973|94,464|
##
|||||Unrestricted|Endowment|Total|Endowment|
|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|
||||||general||general|
|||||2021|2021|2021|2020|
|||||E|E|E||
|Revaluation|of|investments|||714,126|714,126|208,778|
|Gain/(loss)|on|sale of investments|||(1,408)|(1,408)|132,750|
|Revaluation|of|investment|properties|30,000||30,000||
|||||30,000|712,718|742,718|341,528|
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##
|13|Tangible fixed assets|Tangible fixed assets|||
|---|---|---|---|---|
|||||Plant and equipmentf|
||Cost||||
||At 1 November 2020|||2,661|
||Additions|||1,593|
||At 31 October 2021|||4,254|
||Depreciation
and impairment||||
||At 1 November 2020|||1,494|
||Depreciation
charged|in the|year|714|
||At 31 October 2021|||2,208|
||Carrying
amount||||
||At 31 October 2021|||2,046|
||At 31 October 2020|||1,168|
|14|Investment
property||||
|||||2021|
||Fair value||||
||At 1 November
2020|||470,000|
||Net gains or losses through||fair value adjustments|30,000|
||At 31 October 2021|||500,000|
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##
|Fixed ass|et i|nvestments|||||
|---|---|---|---|---|---|---|
|||||Listed|Cash held by|Total|
|||||investments|investment||
||||||managers||
|Cost or valuation|||||||
|At 1 November||2020||4,135,829|15,449|4,151,278|
|Additions||||142,213||142,213|
|Valuation|changes|||714,126||714,126|
|Movement|in cash||||9,858|9,858|
|Investment|management||fees||(14,194)|(14,194)|
|Disposals||||(153,416)||(153,416)|
|At 31 October||2021||4,838,752|11,113|4,849,865|
|Carrying|amount||||||
|At 31 October||2021||4,838,752|11,113|4,849,865|
|At 31 October||2020||4,135,829|15,449|4,151,278|
|16|Financial
instruments|||2021|2020|
|---|---|---|---|---|---|
|||||f.|F|
||Carrying
amount of|financial assets||||
||Instruments
measured|at fair value through|profit or loss|4,838,752|4,135,829|
|17|Debtors|||||
|||||2021|2020|
||Amounts
falling due|within one year:||||
||Trade debtors|||3,077||
|18|Creditors: amounts|falling due within one year||||
|||||2021|2020|
||Other taxation
and social security|||2,914||
||Trade creditors|||2,124|10,390|
||Other creditors|||4,076|27|
||Accruals and deferred|income||9,000|9,000|
|||||18,114|19,417|
##
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##
||Balance at
1 November
2019|Transfer on
adoption
of
total returns
approach|Movement
Investment
return:
dlvldends
and
Interest|in funds
Investment
return:
realised and
unreallsed
gains/(lossesl|Investment
management
costa|Balance at
1 November
2020|Transfer on
adoption of
total returns
approach|Movement
Investment
return:
dividends
and
Interest|in funds
Investment
return:
realised and
unrsallaed
gains/(losses)|Investment
management
coats|Balance at
31October
2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Permanent|endowments|||||||||||
|Endowment
Unapplied|984,874
total|||||984,874|||||984,874|
|return|2,295,086||55,578|341,528|(14,197)|2,677,995||49,926|712,718|(14,215)|3,426,424|
||3,279,960||55,578|341,528|(14,197)|3,662,869||49,926|712,718|(14,215)|4,411,298|
##
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##
|Unrestricted
fund|Unrestricted
fund|Unrestricted
fund||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The unrestricted
funds ofthe charity|||indude|general|unrestricted
funds|and the following||designated|funds
which|have been|set aside by|the Trustees|for specific|
|purposes:||||||||||||||
|||||||Movement|In funds|||Movement
In funds||||
||||||Balance at
1 November
2019|Incoming
resources|Resouroes
expended||Balance at
1 November
2020|Incoming
resources|Resources
expended|Revaluations,
gains and
losses
6|Balance at
31October
2021f|
|Designated|- Special Project Fund||||3,051,452|8,969||(443,987)|2,616,434|17,129|(473,768)||2,159,795|
|Designated
Fund|- Building, Tombstone|and|Burial|Ground|411,596|11,228||(58,570)|364,254|1,725|(31,670)||334,309|
|Designated
-Other Bequest Funds
General
Unrestricted
Funds|||||40,513
708,388|29,325||. (9,527)
(734)|30,986
736,979|17,324|(19,800)
(100,604)||11,186
653,699|
|Designated|- Investment
Property|Revaluation||Fund|298,279||||298,279|||30,000|328,279|
||||||4,510,228|49,522||(512,818)|4,046,932|36,178|(625,842)|30,000|3,487,268|
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##
|21|Analysis ofnet assets|between
funds||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted
funds|Endowment
funds|Total|Unrestricted
funds|Endowment
funds|Total|
|||2021|2021
f|2021
E|2020|2020|2020|
||Fund balances at 31|||||||
||October 2021 are|||||||
||represented
by:|||||||
||Tangible assets
Investment
properties
Investments
Current assets/|2,046
500,000
438,568|4,411,297|2,046
500,000
4,849,865|1,168
470,000
488,409|3,662,869|1,168
470,000
4,151,278|
||(liabilities)|2,546,655||2,546,655|3,087,355||3,087,355|
|||3,487,269|4,411,297|7,898,566|4,046,932|3,662,869|7,709,801|
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