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2021-06-30-accounts

				Page
Trustees' annual report	(incorporating	the	director's report)
Independent examiner's report to the		trustees
Statement offinancial	activities (including		income and expenditure
account)
Statement offinancial	position
Statement ofcash flows
Notes to the financial	statements

The charity has one n	on-charitable	operating subs	idiary and one as	sociate as follows:
Company		Nature of	Business	Percentage
				Holding
Elpold Trading Limited		Property	Investment	100'ro
Tenacious Properties	Limited	Property	Investment	23.3'/o

		Year ended	30June	2021	2021
				2021		2020
				Unrestricted
				funds	Total funds	Total funds
			Note
Iacome and endowments
Donations and legacies			5	517,500	517,500	402,000
Investment income			6	32,622	32,622	27,254
Total income				550,122	550,122	429,254
Expenditure
Expenditure on charitable	activities		7,8	(314,913)	(314,913)	(549,041)
Total expenditure				(314,913)	(314,913)	(549,041)
Net income/(expenditure)				235,209	235,209	(119,787)
Other recognised gains	and losses
Gains/(losses) from revaluation		ofinvestments		(330,972)	(330,972)	332,242
Net movement in funds				(95,763)	(95,763)	212,455
Reconciliation offunds
Total funds brought forward				2,463,429	2,463,429	2,250,974
Total funds carried forward				2,367,666	2,367,666	2,463,429

			30June	2021
					2021		2020
				Note		g
Fixed assets
Investments				13		2,051,027	2,381,999
Current assets
Cash at bank	and in hand				342,445		89,436
Creditors: amounts		falling due within	one year	15	(25,806)		(8,006)
Net current	assets					316,639	81,430
Total assets	less current liabilities					2,367,666	2,463,429
Net assets						2,367,666	2,463,429
Funds ofthe	charity
Unrestricted	funds					2,367,666	2,463,429
Total charity	funds			16		2,367,666	2,463,429

	State Year	ment ofCash Flows ended 30June 2021
			2021	2020
Cash flows from operating	activities
Net income/(expenditure)			235,209	(119,787)
Adj us/rnenfs for:
Dividends, interest snd rents	from investments		(32,600)	(27,000)
Other interest receivable and similar income			(22)	(254)
Accrued expenses				140
Changes in:
Trade and other creditors			17,800	2,800
Cash genemted from opemtions			220487	(144,101)
Net cash from/(used in) opemting activities			220487	(144,101)
Cash flows from investing	activities
Dividends, interest and rents	from investments		32,622	27,254
Net cash from investing activities			32,622	27,254
Net increase/(decrease) in cash and cash		equivalents	253,009	(116,847)
Cash and cash equivalents	at beginning	ofyear	89,436	206,283
Cash and cash equivalents	at end ofyear		342,445	89,436

member in the event ofw Donations and legacies	inding up is limited to 510.
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
Donations
Donations	517,500	517,500	402,000	402,000

The donations received trustees. Investment income	are Gift Aid	donations from	entities conn	ected to the c	harity and its
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		f,
Income from investment	properties	32,600	32,600	27,000	27,000
Bank interest receivable		22	22	254	254
		32,622	32,622	27,254	27,254

Expenditu	re on charitable	activities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		f
Donations	paid	312,000	312,000	546,000	546,000
Support costs		2,913	2,913	3,041	3,041
		314,913	314,913	549,041	549,041

Expenditur	e on charitable	activities by ac	tivity typ	e
		Grant	funding			Total funds	Total fund
		of	activities	Support	costs	2021	2020
						a
Donations	paid		312,000			312,000	546,000
Governance	costs				2,913	2,913	3,041
			312,000		2,913	314,913	549,041

	Friends OfMercsz Hatorah Belz Macnivka	Friends OfMercsz Hatorah Belz Macnivka	Friends OfMercsz Hatorah Belz Macnivka		75,000
	Kollel Torah Ve Yirah Limited				30,000
	Kollel Veyoel Moshe				30,000
	Yeshiva Gedolah Torah Veyirah	Seven Oaks Limited			30,000
	Machsikei Yeshive				20,000
	Sundry amounts below f20,000				127,000
					312,000
10.	Independent examination fees
				2021	2020
	Fees payable to the independent	examiner	for:
	Independent examination ofthe	financial	statements	5,420	2,780

Investments
		Shares in
	Investment	group	Other
	properties	undertakings	investments	Total
Valuation
At I July 2020	490,000	1,166,227	725,772	2,381,999
Additions
Fair value movements		(381,363)	50,391	(330,972)
At 30June 2021	490,000	784,864	776,163	2,051,027
Impairment
At 1July 2020 and 30June 2021
Carrying amount
At 30June 2021	490,000	784,864	776,163	2,051,027
At 30June 2020	490,000	1,166,227	725,772	2,381,999

The subsidiary und	ertaking's re	sults for the year ended 30th	June 2021 are as fofiows:
			2021	2020
Net rental income			73,448	86,396
Administrative expenses			(3,467)	(3,658)
Donations			(640,500)	(104,000)
Revaluation gains	on investment	properties		260,000
Profit on disposal	ofinvestment	properties	111,682	20,370
Taxation including	deferred taxation		77,474	(49,400)
Retained profit/(loss) for the		financial year	(381,363)	209,708

Unrestri	cted funds
			At			Gains and	At
		I	July 2020	Income	Expenditure	losses 30June 2021
General	funds		2,463,429	550,122	(314,913)	(330,972)	2467,666
			At			Gains and	At
		I	July 2019	Income	Expenditure	losses 30June 2020
					s	8
General	funds		2,250,974	429,254	(549,041)	332,242	2,463,429

17.	Analysis ofnet asse	ts between funds
				Unrestricted	Total Funds
				Funds	2021
	Investments			2,051,027	2,051,027
	Current assets			342,445	342,445
	Creditors less than I	year		(25,806)	(259806)
	Net assets			2,367,666	2,367,666
				Unrestricted	Total Funds
				Funds	2020
	Investments			2,381,999	2,381,999
	Current assets			89,436	89,436
	Creditors less than I	year		(8,006)	(8,006)
	Net assets			2,463,429	2,463,429
18.	Analysis ofchanges	in net debt
					At
			At I Jul 2020	Cash flows	30Jun 2021
	Cash at bank and in hand		89,436	253,009	342,445