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2022-02-28-accounts

REGISTERED CHARITY NUMBER: 1122777

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

AMUD HATZDOKOH TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 18

AMUD HATZDOKOH TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 28 FEBRUARY 2022

TRUSTEES

Mr E Gratt Mr J Grunhut Mr J Teller 85a Cazenove Road London N16 6BB

PRINCIPAL ADDRESS 85a Cazenove Road London N16 6BB REGISTERED CHARITY 1122777 NUMBER AUDITORS Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS BANKERS Barclays Bank Plc 1 Churchill Place London E14 5HP

Page 1

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2022

REFERENCE AND ADMINISTRATIVE INFORMATION

The information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are (i) the advancement of the Orthodox Jewish Faith (ii) the advancement of Orthodox Jewish education (iii) the relief of poverty, sickness and infirmity amongst members of the Jewish faith and (iv) such other purposes as are charitable under English law.

The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit. As such, grant applications by individuals must be accompanied by a letter of recommendation by the applicant's Rabbi or other known religious leader. The trustees are also approached for donations by a wide variety of charitable institutions operating all over the world. The trustees consider all requests received and make donations based on circumstances and available finance.

Grantmaking policy

Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.The trustees are also approached for donations by a wide variety of charitable institutions operating all over the world. The trustees consider all requests which they receive and make donations based on circumstances and available finance.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity workforce have worked hard to upkeep their standards and have been successful in maintaining its level of activities despite the after effects of Covid-19. In addition, donations received increased by 55% and the trustees have subsequently increased grant making, leaving a deficit of £3,586. Grants were given to individuals suffering poverty, in debt or lack of basic necessities or requiring medical aid. Institutions were aided for various causes as shown in notes to the financial statements. Recipients have given lots of positive feedback and gratitude to the Trustees.

FINANCIAL REVIEW

Principal funding sources

The charity received income from a wide range of charitable trusts, individuals and corporations.

Reserves policy

The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end stood at £258,543 (2021 - £262,399), with free reserves of £248,867 (2021 - £148,959).

FUTURE PLANS

The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income. AHT has gained a strong public relationship and has won trust with the local community, based on its success rate over the past years, AHT hopes to take it further and accommodate their needs in a professional manner thereby increasing activities significantly.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was constituted and is governed by Trust Deed dated 31 January 2008.

Recruitment and appointment of new trustees

It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Organisational structure

The day-to-day affairs of the company are administered by the trustees. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Page 2

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 27 December 2022 and signed on its behalf by:

Mr E Gratt - Trustee

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF AMUD HATZDOKOH TRUST

Opinion

We have audited the financial statements of Amud Hatzdokoh Trust (the 'charity') for the year ended 28 February 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF AMUD HATZDOKOH TRUST

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In performing an audit, we exercise professional judgment and maintain professional scepticism throughout the audit.

We also identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.

We obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of charity's internal control.

We evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements

We concluded whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about charity's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF AMUD HATZDOKOH TRUST

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

27 December 2022

Page 6

AMUD HATZDOKOH TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Charitable Activities
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
fund
fund
£
£
11,006,138
-
1,606
-
11,007,744
-
77,137
-
10,934,463
-
11,011,600
-
(3,856)
-
262,399
-
258,543
-		 2022
Total
funds
£
11,006,138
1,606
11,007,744
77,137
10,934,463
11,011,600
(3,856)
262,399
258,543		 2021
Total
funds
£
7,098,464
969
7,099,433
47,660
6,933,187
6,980,847
118,586
143,813
262,399

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 7

AMUD HATZDOKOH TRUST

BALANCE SHEET 28 FEBRUARY 2022

Notes
FIXED ASSETS
Tangible assets
11
Investments
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
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		 2022
£
15,687
22,323
38,010
10,467
279,642
290,109
(30,775)
259,334
297,344
(38,801)
258,543
258,543
258,543		 2021
£
20,917
22,771
43,688
119,752
173,959
293,711
(25,000)
268,711
312,399
(50,000)
262,399
262,399
262,399

The financial statements were approved by the Board of Trustees and authorised for issue on 27 December 2022 and were signed on its behalf by:

Mr J Grunhut - Trustee

Mr E Gratt - Trustee

The notes form part of these financial statements

Page 8

AMUD HATZDOKOH TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Net cash (used in)/provided by financing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2022
£
107,370
(936)
106,434
-
(1,606)
2,054
-
448
-
(1,199)
(1,199)
105,683
173,959
279,642		 2021
£
112,157
-
112,157
(16,488)
-
1,080
3
(15,405)
50,000
-
50,000
146,752
27,207
173,959

The notes form part of these financial statements

Page 9

AMUD HATZDOKOH TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
2022 2021
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (3,856) 118,586
Adjustments for:
Depreciation charges 5,229 6,972
Interest received - (3)
Interest paid 936 -
- (1)
Decrease/(increase) in debtors 109,285 (8,724)
Decrease in creditors (4,224) (4,673)
Net cash provided by operations 107,370 112,157
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.3.21 Cash flow At 28.2.22
£ £ £
Net cash
Cash at bank and in hand 173,959 105,683 279,642
173,959 105,683 279,642
Debt
Debts falling due within 1 year - (10,000) (10,000)
Debts falling due after 1 year (50,000) 11,199 (38,801)
(50,000) 1,199 (48,801)
Total 123,959 106,882 230,841

The notes form part of these financial statements

Page 10

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Donations are accounted for when received. All other income is recognised on a receivable basis.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category and includes irrecoverable VAT which is reported as part of the expenditure to which it relates. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised in the year in which they are incurred.

Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Grants are only recognised in the accounts when paid.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the amount expected to be received or paid and not discounted.

Going concern

There are no material uncertainties about the charity's ability to continue.

Page 11

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2022

2.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Charitable
3.
INVESTMENT INCOME
Syndicate income
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Printing, postage and stationery
Office equipment
Office costs
5.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
Direct
activities
Costs (see
(see note
note 6)
7)
£
£
Charitable Activities
94,581
10,806,431		 2022
£
11,005,165
973
11,006,138
2022
£
973
2022
£
1,606
-
1,606
2022
£
67,477
7,308
2,352
77,137
Support
costs (see
note 8)
£
33,451		 2021
£
7,086,570
11,894		 2021
£
7,086,570
11,894		 2021
£
7,086,570
11,894
7,098,464
2021
£
11,894
2021
£
966
3
969
2021
£
43,889
2,723
1,048
47,660
Totals
£
10,934,463		 2021
£
11,894
2021
£
966
3
969
2021
£
43,889
2,723
1,048		 2021
£
966
3
969
47,660

Page 12

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2022

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Insurance
Repairs & maintenance and cleaning costs
Telephone
Advertising
Rent and rates
Legal and professional
General expenses
Repayment of grant
Software
Depreciation
Interest payable and similar charges
Foreign exchange gains/losses		 2022
£
38,935
1,129
2,134
3,810
1,525
13,780
1,095
245
5,855
19,567
5,229
936
341
94,581		 2021
£
38,508
-
1,128
4,300
760
15,954
24,794
1,355
-
13,241
6,972
-
-
107,012

7.

GRANTS PAYABLE

GRANTS PAYABLE
Charitable Activities
The total grants paid to institutions during the year was as follows:
Religious education
General
Healthcare
Relief of Poverty
Advancement of Religion		 2022
£
10,806,431
2022
£
2,812,313
625,628
141,929
1,050,376
388,012
5,018,258		 2021
£
6,799,235
2021
£
1,987,728
319,661
13,628
515,984
284,122
3,121,123

The total grants paid to institutions during the year was as follows:

£
Bareketh 370,342
Kahal Yetev Lev D'Satmar Jerusalem 234,536
Darkei Chesed 179,404
Mifal Tzedoko Vochesed Yoel Moshe 175,548
Bnai Levy Foundation 153,371
Chaim Shel Torah 146,872
Reshes Chinuch Umifalei Chesed Yetev Lev D'Satmar 129,035
Yeshivas Sharei Yosher 114,473
Darkei Chaim 113,785
Beis Hatalmud Merkaz Chinuchi 113,349
Yeshivah Gedolah London 105,924
Zichron Yona Yosef 102,405
Chonen V'Nosen 98,910
Atereth Bnei Zion 93,052
Tzidkas Remou 85,658
Yeshuos Shabbos 84,702
Refua Vetikva 81,965
Donations below £80,000 2,634,927
5,018,258

Page 13

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2022

7. GRANTS PAYABLE - continued

The total grants paid to individuals during the year was as follows:

Religious education
General
Healthcare
Relief of Poverty
Advancement of Religion		 2022
£
153,993
32,316
48,378
5,549,920
3,566
5,788,173		 2021
£
110,333
15,039
24,983
3,527,757
-
3,678,112

8. SUPPORT COSTS

Charitable Activities
Support costs, included in the above, are as follows:
Bank and cc charges
Auditors' remuneration
Auditors' remuneration for non audit
work
General expenses
Legal and professional fees		 Governance
Finance
costs
Totals
£
£
£
13,371
20,080
33,451
2022
2021
Charitable
Total
Activities
activities
£
£
13,371
11,206
6,960
5,160
7,080
6,720
354
294
5,686
3,560
33,451
26,940

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2022; in the year ended 28 February 2021, Mr E Gratt, a trustee of the charity, was employed by the charity and was remunerated £8,273.

Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2022 nor for the year ended 28 February 2021.

Page 14

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2022

10. STAFF COSTS

10. STAFF COSTS
2022 2021
£ £
Wages and salaries 38,935 38,508
38,935 38,508
The average monthly number of employees during the year was as follows:
2022 2021
Office 6 6
No employees received emoluments in excess of £60,000.
11. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 March 2021 and 28 February 2022 25,460 6,229 31,689
DEPRECIATION
At 1 March 2021 8,759 2,013 10,772
Charge for year 4,176 1,054 5,230
At 28 February 2022 12,935 3,067 16,002
NET BOOK VALUE
At 28 February 2022 12,525 3,162 15,687
At 28 February 2021 16,701 4,216 20,917
12. FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE
At 1 March 2021 22,771
Additions 1,606
Distributions (2,054)
At 28 February 2022 22,323
NET BOOK VALUE
At 28 February 2022 22,323
At 28 February 2021 22,771
There were no investment assets outside the UK.

Page 15

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2022

13.
DEBTORS
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
Prepayments
Amounts falling due after more than one year:
Other debtors
Aggregate amounts
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Taxation and social security
Other creditors
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 due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal		 2022
£
8,958
-
1,509
10,467
-
10,467
2022
£
10,000
1,695
19,080
30,775
2022
£
38,801
2022
£
10,000
38,801
-		 2021
£
4,392
1,575
-		 2021
£
4,392
1,575
-
5,967
113,785
119,752
2021
£
-
210
24,790
25,000
2021
£
50,000
2021
£
-
-
50,000

Page 16

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2022

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
fund
fund
£
£
Fixed assets
15,687
-
Investments
22,323
-
Current assets
290,109
-
Current liabilities
(30,775)
-
Long term liabilities
(38,801)
-
258,543
-
18.
MOVEMENT IN FUNDS
At 1.3.21
£
Unrestricted funds
General fund
262,399
TOTAL FUNDS
262,399
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
11,007,744
TOTAL FUNDS
11,007,744
Comparatives for movement in funds
At 1.3.20
£
Unrestricted funds
General fund
143,813
TOTAL FUNDS
143,813		 2022
Total
funds
£
15,687
22,323
290,109
(30,775)
(38,801)
258,543
Net
movement
in funds
£
(3,856)
(3,856)
Resources
expended
£
(11,011,600)
(11,011,600)
Net
movement
in funds
£
118,586
118,586		 2021
Total
funds
£
20,917
22,771
293,711
(25,000)
(50,000)
262,399
At
28.2.22
£
258,543
258,543
Movement
in funds
£
(3,856)
(3,856)
At
28.2.21
£
262,399
262,399

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AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2022

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
7,087,985
11,448
7,099,433		 Resources
expended
£
(6,969,399)
(11,448)
(6,980,847)		 Movement
in funds
£
118,586
-
118,586

19. RELATED PARTY DISCLOSURES

During the financial year the charity received donations totalling £30,000 from one of the Trustees; the charity also received donations totalling £1,850 from a charity with a Trustee in common. At the balance sheet date, the charity was owed £4,000 from a charity with a trustee in common.

Page 18