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|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||||
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|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|
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|||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|
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||||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|
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||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|
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|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|
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|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|
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|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|
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|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|
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||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|
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|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|
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|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|
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|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|
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|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|
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