| 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 |
| YE | AR ENDED 3 | 1MAR | CH 2021 | CH 2021 | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | ||||||
| INCOME AND ENDOWMENTS | ||||||
| Donations and legacies Investment income |
5 6 |
614,000 61,673 |
614,000 61,673 |
240,000 37,363 |
||
| TOTAL INCOME | 675,673 | 675,673 | 277,363 | |||
| EXPENDITURE | ||||||
| Expenditure on raising funds: Investment management costs Expenditure on charitable activities |
7 88 |
(26,200) (890,374) |
(26,200) (890,374) |
(22,819) (1,089,116) |
||
| TOTAL EXPENDITURE | (916,574) | (916,574) | (1,111,935) | |||
| Net gains on investments | 11 | 461,000 | 461,000 | |||
| NET INCOME/(EXPENDITURE) MOVEMENT IN FUNDS |
AND NET | 220,099 | 220,099 | (834,572) | ||
| RECONCILIATION OFFUNDS |
||||||
| Total funds brought forward |
(152,017) | (152,017) | 682,555 | |||
| TOTAL FUNDS CARRIED | FORWARD | 68,082 | 68,082 | (152,017) |
| FOUNTAIN OF CHESSED LIMITED | FOUNTAIN OF CHESSED LIMITED | FOUNTAIN OF CHESSED LIMITED | FOUNTAIN OF CHESSED LIMITED | |||
|---|---|---|---|---|---|---|
| COMPANY | LIMITED BYGUARANTEE | |||||
| STA.TEMENT OF | FINANCIAL | POSITION | ||||
| 31MARCH 2021 | ||||||
| 2,021 | 2020 | |||||
| Note | ||||||
| FIXEDASSETS | ||||||
| Investments | 14 | 1,400,000 | 939,000 | |||
| CURRENT ASSETS | ||||||
| Debtors | 15 | 4,090 | ||||
| Cash at.bank and in hand | 66,519 | 78,330 | ||||
| 66,519 | 82,420 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year | 16 | (1,398,437) | (1,173,437) | |||
| NET CURRENT LIABILITIES | (1,331,918) | (1,091,017) | ||||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 68,082 | (152,017) | ||||
| NKT ASSETS | 68,082 | (152,017) | ||||
| FUNDS OFTHE CHARITY | ||||||
| Unrestricted funds |
68,082 | (152,017) | ||||
| TOTAL CHARITY FUNDS | 68,082 | (152,017) |
| COMPANY LIMITED BYGUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31MARCH 2021 |
||
|---|---|---|
| 2021 | 2020 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income/(expenditure) | 220,099 | (834,572) |
| Adjustments for: | ||
| Net gains on investments | (461,000) | |
| Dividends, interest and rents from investments |
(35,472) | (14,544) |
| Interest payable and similar charges Accrued expenses |
360 | 36 4,200 |
| Changesin: Trade and other debtors |
4,090 | 45,000 |
| Trade and other creditors | 225,000 | 736,001 |
| Cash generated from operations |
(46,923) | (63,879) |
| Interest paid | (360) | (36) |
| Net cash used in operating activities |
(47483) | (63,915) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Dividends, interest and rents from investments |
35i472 | 14,544 |
| Purchases ofother investments | (99,000) | |
| Net cash from/(used in) investing activities |
35,472 | (84,456) |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (11,811) | (148,371) |
| CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR | 78,330 | 226,701 |
| CASH AND CASH EQUIVALENTS AT KND OFYEAR | 66,519 | 78,330 |
| 5. | DONATIO | NS AND LE |
GACIES | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| DONATIONS | |||||||
| Donations | received | 614,000 | 614,000 | 240,000 | 240,000 | ||
| 6. | INVESTMENT INCOME | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| Income from investment | properties | 61,673 | 61,673 | 37,363 | 37,363 | ||
| 7. | INVESTMENT MANAGEMENT | COSTS | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| Investment | management | fees | 6,615 | 6,615 | 3,742 | 3,742 | |
| Investment | management | costs | 19,585 | 19,585 | 19,077 | 19,077 | |
| 26,200 | 26,200 | 22,819 | 22,819 |
| EXPEN | DITURE ON CH | ARITABLE ACTIVITIE | S BYFUND T | YPE | |
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| Grants | 884,014 | 884,014 | 1,084,880 | 1,084,880 | |
| Support | costs | 6,360 | 6460 | 4,236 | 4,236 |
| 890,374 | 890,374 | 1,089,116 | 1,089,116 |
| EXPENDITURE ON CHA | RIT | ABL | E ACTIVITIE | E ACTIVITIE | S BYA | CTIVI | TY TYPE | |
|---|---|---|---|---|---|---|---|---|
| Activities | ||||||||
| undertaken | Total funds | Total fund | ||||||
| directly | Support | costs | 2021 | 2020 | ||||
| Grants | 884,014 | 884,014 | 1,084,880 | |||||
| Governance costs |
6,360 | 6460 | 4,236 | |||||
| 884,014 | 6,360 | 890,374 | 1,089,116 | |||||
| Grants were paid to the following | institutions: | |||||||
| 2021 | ||||||||
| Mesilla Talmudical College |
81,935 | |||||||
| Amud Hatzdokoh Trust |
55&358 | |||||||
| Low Cost Living Limited British Friends OfMishan L'Choleh |
49400 38,000 |
|||||||
| YGSYeshiva Gedola Seminar | 37,000 | |||||||
| The Abc Trust | 35,500 | |||||||
| Yetev Lev London Jerusalem | Trust | 30,174 | ||||||
| Chevras Mo'Oz Ladol | 28,750 | |||||||
| Yad Eliezer Trust | 28,600 | |||||||
| Alte Feiga Trust Congregation Vyoel Moshe North London Cost Shop |
JPSatmer | Charitable | Trust | 28,200 24,320 23,800 |
||||
| Grants below f20,000 | 423,177 | |||||||
| Total grants | 884,014 |
| 11. | NKT GAINS | ON | INVEST | ME | NTS | |||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2021 | Funds | 2020 | |||||
| Gains/(losses) | on | investment | property 461,000 |
461,000 | ||||
| 12. | INDEPENDENT | EXAMINATION FEES | ||||||
| 2021 | 2020 | |||||||
| Fees payable | to the independent | examiner for: | ||||||
| Independent | examination of |
the | financial statements |
4400 | 4,200 |
| The charity did not meet any expenses incurred by the tr charity (2020:ENil) INVKSTMKNTS |
ustees for services provided to the |
|---|---|
| Investment | |
| properties | |
| Cost or valuation | |
| At 1 April 2020 | 939,000 |
| Additions | |
| Fair value movements | 461,000 |
| At 31March 2021 | 1,400,000 |
| Impairment | |
| At 1April 2020 and 31March 2021 | |
| Carrying amount |
|
| At 31March 2021 | 1,400,000 |
| At 31March 2020 | 939,000 |
| 15. | DEBTORS NOTES T |
OTHE FINANCIAL STATEME YEARENDED 31MARCH 20 |
NTS (costinuedj 21 |
|
|---|---|---|---|---|
| 2021 | 2020 | |||
| Trade debtors | 490 | |||
| Other debtors | 3,600 | |||
| 4,090 | ||||
| 16. | CREDITORS: amounts | falling due within one year | ||
| 2021 | 2020 | |||
| Accruals and deferred income | 12,000 | 12,000 | ||
| Other creditors | 1486,437 | 1,161,437 | ||
| 1@98,437 | 1,173,437 |
| Unrestri | cted funds |
|||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 April | Gains and | 31March | ||||
| 2020 | Income | Expenditure | losses | 2021 | ||
| General | funds | (152,017) | 675,673 | (916,574) | 461,000 | 68,082 |
| At | At | |||||
| 1 April | Gains and | 31March | ||||
| 2019 | Income | Expenditure | losses | 2020 | ||
| f, | ||||||
| General | funds | 682,555 | 277,363 | (1,111,935) | (152,017) |
| Unrestricted | Total Funds | ||
|---|---|---|---|
| Funds | 2021 | ||
| Investments | 1,400,000 | 1t400,000 | |
| Current assets | 66,519 | 66,519 | |
| Creditors | less than I year | (1,398,437) | (1,398,437) |
| Net assets | 68,082 | 68,082 | |
| Unrestricted | Total Funds | ||
| Funds | 2020 | ||
| Investments | 939,000 | 939,000 | |
| Current assets | 82,420 | 82,420 | |
| Creditors | less than I year | (I,173,437) | (1,173,437) |
| Net assets | (152,017) | (152,017) |
| ANA | LY | SIS | OF | C | HANGES IN NET | DEBT | |||
|---|---|---|---|---|---|---|---|---|---|
| At | At | ||||||||
| I | Apr 2020 | Cash flows | 31Mar 2021 | ||||||
| Cash | at | bank | and | in | hand | 78,330 | (11,811) | 66&519 |