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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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||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)|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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)|
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|||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|
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