```
REGISTERED COMPANY NUMBER: 06067602 (England and Wales)
REGISTERED CHARITY NUMBER: 1118440
```
## **`REPORT OF THE TRUSTEES AND`**
## **`UNAUDITED FINANCIAL STATEMENTS`**
```
FOR THE YEAR ENDED 31 JANUARY 2021
```
## **`FOR`**
## **`THE EXEMPLAR TRUST`**
```
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
```
```
THE EXEMPLAR TRUST
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**|`6`|`to`|`7`|
|**`Notes to the Financial Statements`**|`8`|`to`|`14`|
```
THE EXEMPLAR TRUST (REGISTERED NUMBER: 06067602)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31January2021.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The objectives of the charity are:
```
- `The relief of poverty among persons of the Jewish faith in any part of the world;`
- `The advance of the Jewish religion in any part of the world;`
```
-TheadvancementoftheeducationofthepublicinanypartoftheworldintheknowledgeoftheJewishhistoryand
culture;
```
```
-SuchothercharitablepurposesforthebenefitofpersonsoftheJewishfaithinanypartoftheworldasthe
Trustees shall from time to time decide.
```
```
ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
public benefit when reviewing the charity's aims and objectives and in planning future activities.
```
```
Thetrusteesidentifyinstitutionsandorganisationswhichmeetitsabovecriteriaandregularlysupportanumberof these
institutions and organisations.
```
```
The principal activity of the company's subsidiaries are that of dealing in residential properties.
```
## **`Grantmaking`**
```
Grantsaremadetocharitableinstitutionsandorganisationsafterithasbeensatisfiedthatpaymentswillaccordwith the
objectives of the charity.
```
## **`Volunteers`**
```
There were no volunteers during the year.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
The results for the year and the financial position at the year end were considered satisfactory by the trustees.
```
## **`Fundraising activities`**
```
Incomearisingoninvestmentswasconsideredreasonableandthetrusteesfeelthatthepresentlevelofincome is
sufficient to permit the charity to continue for the foreseeable future.
```
```
Asummaryofthecharity'stransactionsandofit'sfinancialpositionisshowninthefinancialstatementstogether with
the accompanying notes.
```
## **`Investment performance`**
```
Under the Memorandum and Articles of Association the charity has the power to invest in any way the trustees wish.
```
```
Thetrusteesaresatisfiedwiththereturnoninvestmentsachievedduringtheyearandfeelconfidentthatthecharity has
adequate reserves to fulfil its charitable obligations.
```
## **`Internal and external factors`**
```
The trustees considerations of the effects of Brexit and COVID-19 are disclosed in Note 20 to the financial statements.
```
## **`FINANCIAL REVIEW`**
## **`Principal funding sources`**
```
The principal funding sources are donations from corporate sponsors and investment income.
```
```
Page 1
```
```
THE EXEMPLAR TRUST (REGISTERED NUMBER: 06067602)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
Thecharityaimstomaintainreservesinorderthatitisinapositiontocontinueitsgrantmakingactivitiesata consistent
levelandtocovercontingenciesofadditionalcallsbeingmadeuponthecharityforsupportoforganisations or
institutions in times of need.
```
```
Thepresentleveloffundingisadequatetosupportthecontinuationoftheprovisionofassistancebythegivingof grants
or equipment in the short term, and the trustees consider the financial position of the charity to be satisfactory.
```
## **`FUTURE PLANS`**
```
TheTrusteesplantocontinuetosupportcharitiesandcharitablepurposesinaccordancewiththeirgrantmaking policy
and to ensure that the ability to generate sufficient income is maintained to achieve that end.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
```
```
Thecharityisconstitutedasacompanylimitedbyguaranteeandassuch,itsgoverningdocumentsareits Memorandum
and Articles of Association
```
## **`Recruitment and appointment of new trustees`**
```
Membership of the Charity is open to any individual interested in promoting the Objects who:
```
`1. applies to the charity in the form required by the Trustees;`
`2. is approved by the Trustees;`
`3. signs the Register of members or consents in writing to become a member.`
## **`Organisational structure`**
```
Thecompanyhas5trustees,namesofmembersarelistedonpage2.Thecharityisorganisedsothatthetrustees meet
regularlytomanagetheaffairsofthecharity.Nominationsforappointmentareonlysolicitedfrommembersof the
charity.
```
## **`Induction and training of new trustees`**
```
NewTrusteesmustfamiliarisethemselveswiththecontentoftheMemorandumandArticlesofAssociation,their legal
obligationsundercharityandcompanylaw,theorganisationalstructureofTheExemplarTrustandtherecent financial
performance of the charity.
```
```
Training of trustees will depend on their previous knowledge and experience.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
06067602 (England and Wales)
```
## **`Registered Charity number`**
```
1118440
```
## **`Registered office`**
```
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
```
## **`Trustees`**
```
N Teitelbaum Company Director
B Blau Company Director
Mrs S Iwanier Company Director
Ms J Wilk Company Director
E Teitelbaum Company Director
```
## **`Company Secretary`**
```
N Teitelbaum
```
```
Page 2
```
```
THE EXEMPLAR TRUST (REGISTERED NUMBER: 06067602)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
```
Independent Examiner
Aryeh Melinek FCA
Chartered Accountant
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
```
## **`Bankers`**
```
The Royal Bank of Scotland
```
```
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relating to
small companies.
```
```
Approved by order of the board of trustees on 29 October 2021 and signed on its behalf by:
```
```
N Teitelbaum - Trustee
```
```
Page 3
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
```
```
THE EXEMPLAR TRUST
```
## **`Independent examiner's report to the trustees of The Exemplar Trust ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2021.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsas carried
outundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Aryeh Melinek FCA
Chartered Accountant
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
```
```
29 October 2021
```
```
Page 4
```
```
THE EXEMPLAR TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JANUARY 2021`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Investment income`
`2`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
`3`
**`Charitable activities`**
`4`
`Charitable activities`
**`Total`**
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|**`2021`**
**`Unrestricted`**
**`fund`**
**`£`**
**`-`**
**`243,823`**
**`243,823`**
**`50,805`**
**`28,736`**
**`79,541`**
**`164,282`**
**`4,163,394`**
**`4,327,676`**|`2020`
`Total`
`funds`
`£`
`18,000`
`230,268`|
|---|---|---|
|||`248,268`
`48,537`
`26,665`|
|||`75,202`|
|||`173,066`
`3,990,328`|
|||`4,163,394`|
```
The notes form part of these financial statements
```
```
Page 5
```
```
THE EXEMPLAR TRUST (REGISTERED NUMBER: 06067602)
```
## **`BALANCE SHEET 31 JANUARY 2021`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`10`
**`Investments`**
`Investments`
`11`
`Investment property`
`12`
**`CURRENT ASSETS`**
`Debtors`
`13`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`14`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`15`
**`NET ASSETS`**
**`FUNDS`**
`18`
`Unrestricted funds`
**`TOTAL FUNDS`**|**`2021`**
**`Unrestricted`**
**`fund`**
**`£`**
**`600`**
**`12,501`**
**`3,975,502`**
**`3,988,603`**
**`197,735`**
**`176,298`**
**`374,033`**
**`(34,960)`**
**`339,073`**
**`4,327,676`**
**`-`**
**`4,327,676`**
**`4,327,676`**
**`4,327,676`**|`2020`
`Total`
`funds`
`£`
`1,488`
`12,501`
`3,975,502`
`3,989,491`
`177,758`
`29,836`
`207,594`
`(23,691)`
`183,903`
`4,173,394`
`(10,000)`
`4,163,394`
`4,163,394`
`4,163,394`|
|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 January 2021.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 January 2021 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
```
(a)ensuringthatthecharitablecompanykeepsaccountingrecordsthatcomplywithSections386and387of the
Companies Act 2006 and
```
```
(b)preparingfinancialstatementswhichgiveatrueandfairviewofthestateofaffairsofthecharitablecompany as
attheendofeachfinancialyearandofitssurplusordeficitforeachfinancialyearinaccordancewith the
requirementsofSections394and395andwhichotherwisecomplywiththerequirementsoftheCompanies Act
2006 relating to financial statements, so far as applicable to the charitable company.
```
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 6
```
```
THE EXEMPLAR TRUST (REGISTERED NUMBER: 06067602)
```
## **`BALANCE SHEET - continued 31 JANUARY 2021`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon29October2021and were
signed on its behalf by:
```
```
N Teitelbaum - Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
THE EXEMPLAR TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withthe exception
of investments which are included at market value.
```
## **`Preparation of consolidated financial statements`**
```
ThefinancialstatementscontaininformationaboutTheExemplarTrustasanindividualcompanyanddo not
containconsolidatedfinancialinformationastheparentofagroup.ThecharityisexemptunderSection 399(2A)
of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
```
```
Fixtures and fittings- 25% on cost
```
## **`Investment property`**
```
Investmentpropertiesareinitiallyrecognisedatpurchasepriceplusanydirectlyattributablecosts. Subsequently,
investmentpropertiesaremeasuredatfairvaluewithanychangestofairvaluetransferredtotheStatement of
Financial Activities.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
All funds held are unrestricted income funds.
```
## **`Legal status of the charity`**
```
Thecharityisacompanylimitedbyguaranteeandhasnosharecapital.Liabilityofeachmemberintheevent of
winding-up is limited to £10.
```
```
continued...
```
```
Page 8
```
```
THE EXEMPLAR TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2021`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Financial instruments`**
```
Thecharityonlyentersintobasicfinancialinstrumentstransactionsthatresultintherecognitionof financial
assets and liabilities like trade and other debtors and creditors.
```
```
Financialassetsthataremeasuredatcostandamortisedcostareassessedattheendofeachreporting period
forobjectiveevidenceofimpairment.Ifobjectiveimpairmentisfound,animpairmentlossisrecognisedin profit
or loss.
```
```
FinancialassetsandliabilitiesareoffsetandthenetamountreportedintheBalanceSheetwhenthereis an
enforceablerighttosetofftherecognisedamountsandthereisanintentiontosettleonanetbasisorto realise
the asset or settle the liability simultaneously.
```
## **`2. INVESTMENT INCOME`**
|`Rents received`
`Interest receivable`
**`RAISING FUNDS`**
**`Investment management costs`**
`Computer costs`
`Insurance`
`Management charges`
`Property repairs`
`Maintenance charges`
`Depreciation`
**`CHARITABLE ACTIVITIES COSTS`**
`Grant`
`funding of`
`activities`
`(see note`
`5)`
`£`
`Charitable activities`
**`10,000`**|**`2021`**
**`£`**
**`240,613`**
**`3,210`**
**`243,823`**
**`2021`**
**`£`**
**`375`**
**`3,224`**
**`8,578`**
**`31,387`**
**`6,354`**
**`887`**
**`50,805`**
`Support`
`costs`
`£`
**`18,736`**|`2020`
`£`
`226,311`
`3,957`|`2020`
`£`
`226,311`
`3,957`|
|---|---|---|---|
|||`230,268`||
|||`2020`
`£`
`525`
`3,267`
`10,144`
`28,341`
`5,251`
`1,009`
`48,537`
`Totals`
`£`
**`28,736`**|`2020`
`£`
`525`
`3,267`
`10,144`
`28,341`
`5,251`
`1,009`|
||||`48,537`|
## **`3. RAISING FUNDS`**
## **`4. CHARITABLE ACTIVITIES COSTS`**
```
Includedwithinsupportcostsaregovernancecostsinthesumof£3,326andbankloaninterestinthesum of
£391.
```
```
continued...
```
```
Page 9
```
```
THE EXEMPLAR TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2021`**
## **`5. GRANTS PAYABLE`**
||**`2021`**|`2020`||
|---|---|---|---|
||**`£`**|`£`||
|`Charitable activities`|**`10,000`**||`-`|
```
Donationsandgrantscompriseamountspaidtoinstitutionsinaccordancewiththecharity'sobjects.A donation
was paid directly from the charity to the following institution:
```
## **`6.`**
|**`Name of charitable organisation`**|**`Total`**|**`donation (£ )`**|
|---|---|---|
|`Friends of Orchos Torah`||`10,000`|
|**`NET INCOME/(EXPENDITURE)`**|||
|`Net income/(expenditure) is stated after charging/(crediting):`|||
||**`2021`**|`2020`|
||**`£`**|`£`|
|`Depreciation - owned assets`|**`888`**|`1,009`|
|`Independent Examiner's remuneration`|**`2,400`**|`2,400`|
## **`7. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31January2021norforthe year
ended 31 January 2020.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31January2021norfortheyear ended
31 January 2020.
```
```
Therefore, there was no key management compensation.
```
## **`8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||
|---|---|
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Charitable activities`
**`Total`**
**`NET INCOME`**|`Unrestricted`
`fund`
`£`
`18,000`
`230,268`|
||`248,268`
`48,537`
`26,665`|
||`75,202`|
||`173,066`|
```
continued...
```
```
Page 10
```
```
THE EXEMPLAR TRUST
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2021
```
## **`8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
|**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`£`
`3,990,328`
`4,163,394`|
|---|---|
## **`9. EMPLOYEES`** `The average number of employees, excluding trustees, in the year was NIL (2020: NIL).` **`10. TANGIBLE FIXED ASSETS`**
|**`10.`**|**`TANGIBLE FIXED ASSETS`**||
|---|---|---|
|||`Fixtures`|
|||`and`|
|||`fittings`|
|||`£`|
||**`COST`**||
||`At 1 February 2020 and 31 January 2021`|**`17,208`**|
||**`DEPRECIATION`**||
||`At 1 February 2020`|**`15,720`**|
||`Charge for year`|**`888`**|
||`At 31 January 2021`|**`16,608`**|
||**`NET BOOK VALUE`**||
||`At 31 January 2021`|**`600`**|
||`At 31 January 2020`|`1,488`|
|**`11.`**|**`FIXED ASSET INVESTMENTS`**||
|||`Shares in`|
|||`group`|
|||`undertakings`|
|||`£`|
||**`MARKET VALUE`**||
||`At 1 February 2020 and 31 January 2021`|**`12,501`**|
||**`NET BOOK VALUE`**||
||`At 31 January 2021`|**`12,501`**|
||`At 31 January 2020`|`12,501`|
```
There were no investment assets outside the UK.
```
```
The company's investments at the balance sheet date in the share capital of companies include the following:
```
## **`Exemplar Trading limited`**
```
Registered office:
Nature of business: Trading in properties.
```
```
%
Class of share:holding
Ordinary £1100
```
```
continued...
```
```
Page 11
```
```
THE EXEMPLAR TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2021`**
## **`11. FIXED ASSET INVESTMENTS - continued`**
```
Bluetree Property Group Limited
Registered office:
Nature of business: Trading in properties.
%
Class of share:holding
Ordinary £1100
```
## **`12. INVESTMENT PROPERTY`**
## **`£`**
|**`FAIR VALUE`**
`At 1 February 2020`
`and 31 January 2021`
**`NET BOOK VALUE`**
`At 31 January 2021`
`At 31 January 2020`|**`3,975,502`**|
|---|---|
||**`3,975,502`**|
||`3,975,502`|
```
Investment property was valued on an open market basis by the directors.
```
## **`13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
||**`2021`**|`2020`|
|---|---|---|
||**`£`**|`£`|
|`Trade debtors`|**`36,460`**|`21,510`|
|`Amounts owed by group undertakings`|**`150,054`**|`146,453`|
|`Other debtors`|**`9,176`**|`7,876`|
|`Prepayments`|**`2,045`**|`1,919`|
||**`197,735`**|`177,758`|
```
Shorttermdebtorsaremeasuredattransactionprice,lessanyimpairment.Otherdebtorsaremeasured at
amortised cost.
```
## **`14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Bank loans and overdrafts (see note 16)`
`Other creditors`
`Accruals and deferred income`|**`2021`**
**`£`**
**`10,000`**
**`22,516`**
**`2,444`**
**`34,960`**|`2020`
`£`
`-`
`21,216`
`2,475`|
|---|---|---|
|||`23,691`|
```
Shorttermcreditorsaremeasuredattransactionprice,lessanyimpairment.Othercreditorsaremeasured at
amortised cost.
```
```
continued...
```
```
Page 12
```
```
THE EXEMPLAR TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2021`**
|**`15.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`Bank loans (see note 16)`
**`16.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Bank loans`
`Amounts falling between one and two years:`
`Bank loans - 1-2 years`
**`17.`**
**`SECURED DEBTS`**
`The following secured debts are included within creditors:`
`Bank loans`
`Security is effected by specific legal charges on the properties held by the charity.`
**`18.`**
**`MOVEMENT IN FUNDS`**
`At 1.2.20`
`£`
**`Unrestricted funds`**
`General fund`
**`4,163,394`**
**`TOTAL FUNDS`**
**`4,163,394`**
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
**`243,823`**
**`TOTAL FUNDS`**
**`243,823`**||**`2021`**
**`£`**
**`-`**
**`2021`**
**`£`**
**`10,000`**
**`-`**
**`2021`**
**`£`**
**`10,000`**
`Net`
`movement`
`in funds`
`£`
**`164,282`**
**`164,282`**
`Resources`
`expended`
`£`
**`(79,541)`**
**`(79,541)`**|`2020`
`£`
`10,000`
`2020`
`£`
`-`
`10,000`
`2020`
`£`
`10,000`
`At`
`31.1.21`
`£`
**`4,327,676`**|`2020`
`£`
`10,000`
`2020`
`£`
`-`
`10,000`
`2020`
`£`
`10,000`
`At`
`31.1.21`
`£`
**`4,327,676`**|`2020`
`£`
`10,000`|
|---|---|---|---|---|---|
||||||`2020`
`£`
`-`|
||||||`10,000`|
||||||`2020`
`£`
`10,000`|
||||**`4,327,676`**|||
|||||`Movement`
`in funds`
`£`
**`164,282`**||
|||||**`164,282`**||
```
continued...
```
```
Page 13
```
```
THE EXEMPLAR TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2021`**
## **`18. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|`At 1.2.19`
`£`
**`Unrestricted funds`**
`General fund`
`3,990,328`
**`TOTAL FUNDS`**
`3,990,328`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`248,268`
**`TOTAL FUNDS`**
`248,268`||`Net`
`movement`
`in funds`
`£`
`173,066`
`173,066`
`Resources`
`expended`
`£`
`(75,202)`
`(75,202)`|`At`
`31.1.20`
`£`
`4,163,394`|`At`
`31.1.20`
`£`
`4,163,394`|
|---|---|---|---|---|
||||`4,163,394`||
||||`Movement`
`in funds`
`£`
`173,066`
`173,066`||
|||||`173,066`|
## **`19. RELATED PARTY DISCLOSURES`**
```
Thecharitablecompanyhastakenadvantageofexemption,underthetermsofFinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland',nottodiscloserelated party
transactions with wholly owned subsidiaries within the group.
```
## **`20. POST BALANCE SHEET EVENTS`**
```
TheUnitedKingdom(UK)lefttheEuropeanUnion(EU)on31January2020andremainsinatransitional period
underwhichcurrentrulesregardingtrade,travelandbusinesswillcontinuetoapply.TheeffectsofBrexiton the
UKeconomyarestillunknownandthecharityiscontinuouslymonitoringandconsideringthe potential
implications.
```
```
OnMarch112020,theWorldHealthOrganization(WHO)declaredCOVID-19apandemic.Theeffects of
COVID-19 have and are expected to continue to adversely affect the global economy, including the UK.
```
```
Inthiscontext,thetrusteeshaveconsideredthecharity'spositionatthedateofsigningthese financial
statementsandhavedeterminedthattheseeventshavenothadamaterialeffectontheoperationsofthe charity
and they believe that the asset values on the balance sheet have not been materially affected either.
```
```
Page 14
```