| PAGE | |||||
|---|---|---|---|---|---|
| Trustees' | annual report | (incorporating | the director's report) | ||
| Independent auditor's |
report to the members | ||||
| Statement | offinancial | activities (including | income and expenditure | ||
| account) | |||||
| Statement | offinancial | position | 10 | ||
| Statement | ofcash flows | ||||
| Notes to | the financial | statements | 12 |
| 2021 | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | 8 | |||||
| INCOME AND ENDOWMENTS | ||||||
| Donations and legacies |
5 | 879,000 | 879,000 | 319,000 | ||
| Investment income |
6 | 260,653 | 260,653 | 260,426 | ||
| TOTAL INCOME | 1,139,653 | 1,139,653 | 579,426 | |||
| EXPENDITURE | ||||||
| Expenditure on raising |
funds: | |||||
| Investment management |
costs | 7 | (17,878) | (17,878) | (66,429) | |
| Expenditure on charitable activities |
Sg | (438,266) | (438466) | (387,066) | ||
| TOTAL EXPENDITURE | (456,144) | (456,144) | (453,495) | |||
| NET INCOME AND | NET MOVEMENT IN FUNDS | 683,509 | 683,509 | 125,931 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
4,582,085 | 4,582,085 | 4,456, 154 | |||
| TOTAL FUNDS CARRIED | FORWARD | 5,265,594 | 5r265,594 | 4,582,085 |
| 31 | MARCH | 2021 | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Snie | 8 | |||||
| FIXEDASSETS | ||||||
| Investments | 15 | 21200 | 000 | |||
| CURRENT ASSETS | ||||||
| Debtors | 16 | 439,101 | 109.186 | |||
| Cash at hank and in hand | 2,691,914 | 2.328.487 | ||||
| 3,131,015 | 2.437.673 | |||||
| CREDITORSi amounts | falling due within | one | ||||
| year | 17 | (65,42I) | (55.588) | |||
| NET CURRENT ASSETS | 3,065,594 | 2.382.085 | ||||
| TOTAL ASSETS LESS | CURRENT LIAIIILITIES | 5,265,594 | 4.582.085 | |||
| NFT ASSETS | 5,265,594 | 4.582.085 | ||||
| FUNDS OF THE CHARITY | ||||||
| Unrestricted I'unds |
5,265,594 | 4.582.085 | ||||
| TOTAL CHARITY FUNDS | 18 | 5,265,594 | 4.582.085 |
| Y | EARENDED 31MARCH 2021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| f | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | 683,509 | 125,931 | |
| Adjustments for: | |||
| Dividends, interest and rents from |
investments | (242,775) | (192,930) |
| Interest payable and similar charges | 1,206 | ||
| Accrued expenses/(income) | Ir200 | (1,200) | |
| Changes in: | |||
| Trade and other debtors | (295,000) | (5,000) | |
| Trade and other creditors | 4,500 | ||
| Cash generated from operations |
151,434 | (71,993) | |
| Interest paid | (1,206) | ||
| Net cash from/(used in) operating |
activities | 151,434 | (73,199) |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Dividends, interest and rents from |
investments | 211,993 | 181,569 |
| Net cash from invesdng activities |
211,993 | 181,569 | |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 363,427 | 108,370 | |
| CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR | 2@28,487 | 2,220, 117 | |
| CASH AND CASH EQUIVALENTS AT END OF YEAR | 2,691,914 | 2,328,487 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||||||
| DONATIONS | ||||||||||
| Donations | 879,000 | 879,000 | 319,000 | 319,000 | ||||||
| 6. | INVESTMENT INCOME | |||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2021 | Funds | 2020 | |||||||
| Income from investment | properties | 260,653 | 260,653 | 260,426 | 260,426 | |||||
| 7. | INVESTMENT MANAGEMENT | COSTS | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2021 | Funds | 2020 | |||||||
| Investment | property | management | fees | 10,462 | 10,462 | 12,497 | 12,497 | |||
| Investment | property | expenses | 7,416 | 7,416 | 53,932 | 53,932 | ||||
| 17,878 | 17,878 | 66,429 | 66,429 |
| EXPEN | DITURE ON CH | ARITABLE ACTIVITIE | S BYFUND T | YPE | |
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| 5 | |||||
| Grants | 428,788 | 428,788 | 380,520 | 380,520 | |
| Support | costs | 9,478 | 9,478 | 6,546 | 6,546 |
| 438,266 | 438,266 | 387,066 | 387,066 |
| ENDITURE | ON CHARIT | ABLE ACTIVITIE | S BYA | CTIVI | TY TYPE | |
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Total funds | Total fund | ||||
| directly | Support | costs | 2021 | 2020 | ||
| z | ||||||
| Grants | 428,788 | 428,788 | 380,520 | |||
| Governance | costs | 9,478 | 9,478 | 6,546 | ||
| 428,788 | 9,478 | 43$,266 | 387,066 |
| The charity made grants | towards the following institutions: |
|
|---|---|---|
| 2021 | ||
| Chevras Mo'Oz Ladol | 32,700 | |
| YG SYeshiva Gedola | Seminar | 29,100 |
| Ben Amram Charitable |
Trust | 20,900 |
| Machzikei Lomdei Torah | 20,000 | |
| Mesifta Talmudical College |
17,300 | |
| Chasdei Moishe Trust | 15,250 | |
| Keren Nissuin (Mislonim) |
15,1$0 | |
| Alte Feiga Trust | 15,100 | |
| Amud Hachesed Trust | 15,000 | |
| Shaykel Esuh | 14,152 | |
| Amud Hatzdokoh Trust |
12,000 | |
| Satmar Kolel | 10,980 | |
| UTRY | 10,400 | |
| Chasdei Esther | 10,000 | |
| Live And Learn | 10,000 | |
| Toldos Aharon Trust Limited | 10,000 | |
| Kollel Viznitz London | 10,000 | |
| Donations below 510,000 | 160,726 | |
| Total | 428,78$ |
| 10. | ANALYSIS | OF SUPPO | RT C | OSTS | |||||
|---|---|---|---|---|---|---|---|---|---|
| Grants | Total 2021 | Total 2020 | |||||||
| Governance | costs | 9,477 | 9,477 | 6,546 | |||||
| 11. | AUDITORS | REMUNERATION | |||||||
| 2021 | 2020 | ||||||||
| Fees payable | for the audit | ofthe | financial | statements | 3,600 | ||||
| 12. | INDEPENDENT EXAMINATION | FEES | |||||||
| 2021 | 2020 | ||||||||
| Fees payable | to the independent | examiner | for: | ||||||
| Independent | examination | ofthe | financial | statements | 2,400 |
| The charity did not meet any expenses incurred by the trustee (2020:&1il) INVESTMENTS |
for services provided to the charity. |
|---|---|
| Investment | |
| properties | |
| Cost or valuation | |
| At I April 2020 and 31March 2021 | 2400,000 |
| Impairment | |
| At 1April 2020 and 31March 2021 | |
| Carrying amount |
|
| At 31March 2021 | 2400,000 |
| At 31 March 2020 | 2,200,000 |
| 2021 | 2020 | ||
|---|---|---|---|
| Tmde | debtors | 121,101 | 86,186 |
| Other | debtors | 318,000 | 23,000 |
| 439,101 | 109,186 |
| CREDITORS: amounts falling due within one ye |
ar | |
|---|---|---|
| 2021 | 2020 | |
| Accruals and deferred income | 60,421 | 55,088 |
| Other creditors | 5,000 | 500 |
| 65,421 | 55,588 |
| Unrestri | cted funds |
||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 April | 31March | ||||
| 2020 | Income | Expenditure | 2021 | ||
| 8 | |||||
| General | funds | 4,582,085 | 1,139,653 | (456,144) | 5465,594 |
| At | At | ||||
| 1 April | 31March | ||||
| 2019 | Income | Expenditure | 2020 | ||
| General | funds | 4,456,154 | 579,426 | (453,495) | 4,582,085 |
| 19. | ANALYSIS OF N | ET ASSETS BETWEEN FUN | DS | ||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | ||||
| Funds | 2021 | ||||
| Investments | 2,200,000 | 2/00,000 | |||
| Current assets | 3,131,015 | 3,1319015 | |||
| Creditors less than | I year | (65,421) | (65,421) | ||
| Net assets | 5365,594 | 5465,594 | |||
| Unrestricted | Total Funds | ||||
| Funds | 2020 | ||||
| Investments | 2,200,000 | 2,200,000 | |||
| Current assets | 2,437,673 | 2,437,673 | |||
| Creditors less than | 1 year | (55,588) | (55,588) | ||
| Net assets | 4,582,085 | 4,582,085 | |||
| 20. | ANALYSIS OF CHANGES IN NET DEBT | ||||
| At | At | ||||
| I Apr 2020 | Cash flows | 31Mar 2021 | |||
| Cash at bank and in hand | 2,328,487 | 363,427 | 2491,914 |