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2020-12-31-accounts

PAGE
Trustees' annual
report (incorporating		 the director's report)
Independent
auditor's		 report to the members
Statement offinancial activities (including income and expenditure
account) 10
Statement offinancial position
Statement ofcash flows 12
Notes to the financial statements 13

YEARENDED 31DECE MBER2020 MBER2020
2020 2019
Unrestricted
funds Total funds Total funds
Note
INCOME AND ENDOWMENTS
Donations
and legacies		 5 1,450,000 1,450,000
Investment
income		 1,076,946 1,076,946 841,889
TOTAL INCOME 2,526,946 2,526,946 841,889
EXPENDITURE
Expenditure
on raising funds:
Investment
manageinent		 costs (427,857) (427,857) (296,457)
Expenditure
on charitable
activities		 6,7 (280,002) (280,002) (250,886)
TOTAL EXPENDITURE (707,859) (707,859) (547,343)
Net gains on investments 4,813,860
NET INCOME AND NETMOVEMENTIN FUNDS 1,819,087 1,819,087 5,108,406
RECONCILIATION
OFFUNDS
Total funds brought
forward		 16,631,814 16,631,814 11,523,408
TOTAL FUNDS CARRIED FORWARD 18,450,901 18,450,901 16,631,814

31DE CEMBER 2020
2020 2019
Note
FIXEDASSETS
Tangible fixed assets
Investments		 12
13		 5,450
21,283,396		 7,267
21,060,000
21,288,846 21,067,267
CURRENT ASSETS
Debtors 14 68,752 41,421
Cash at bank and in hand 2,154,545 611,633
2,223,297 653,054
CREDITORS: amounts falling due
within
one year		 15 (61,242) (88,507)
NET CURRENT ASSETS 2,162,055 564,547
TOTAL ASSETSLESS CURRENT
LIABILITIES 23,450,901 21,631,814
CREDITORS: amounts falling due
after more than one year 16 (5,000,000) (5,000,000)
NET ASSETS 18,450,901 16,631,814
FUNDS OF THE CHARITY
Unrestricted
funds		 18,450,901 16,631,814
TOTAL CHARITY FUNDS 17 18,450,901 16,631,814

2020 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income 1,819,087 5,108,406
Adj ttstments for:
Depreciation oftangible fixed assets
Net gains on investments
Dividends,
interest,
and rents from investments
Other interest receivable
and similar income
Interest payable and similar charges
Accrued expenses		 1,817
(648,584)
(505)
474		 2,423
(4,813,860)
(543,289)
(2,143)
450
5,886
Changes in:
Trade and other creditors
Cash generated
from operations		 1,172,289 (242,128)
Interest paid
Interest received		 (474)
505		 (450)
2,143
Net cash from/(used
in) operating
activities		 1,172,320 (240,435)
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends,
interest,
and rents from investments
Purchases ofother investments
Changes
in trade and other debtors
Changes
in trade and other creditors		 648,584
(223,396)
(27,331)
(24,939)		 543,289
(2,045,166)
139,878
26,858
Net cash from/(used
in) investing
activities		 372,918 (1,335,141)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings
Repayments
ofbonowings		 (2,326) 1,000,000
Net cash (used in)/from
fmancing
activities		 (2,326) 1,000,000
NET INCREASE/(DECREASE)
IN CASH AND CASH
EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR		 1,542,912
611,633		 (575,576)
1,187,209
CASH AND CASH EQUIVALENTS AT END OF YEAR 2,154,545 611,633

5. DONATIO NS
AND LEGA		 CIES
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
DONATIONS
Donations received 1,450,000 1,450,000
6. EXPENDITURE ON CHARITABLE ACTIVITIES BYFUND TYPE
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
Donations paid 242,750 242,750 214,000 214,000
Support costs 37,252 37,252 36,886 36,886
280,002 280,002 250,886 250,886

EXPENDITURE ON CHARIT AB LE A CTIVITIE S BY ACTIVI TY TYPE
Grant
funding of Total funds Total fund
activities Support costs 2020 2019
z
Donations
paid		 242,750 2,199 244,949 217,420
Governance
costs		 35,053 35,053 33,466
242,750 37,252 280,002 250,886
Included
in donations
paid are grants		 made to the following institutions:
British Friends ofChatzer Hakodesh Viznitz 50,000
Kupath Gemach 36,000
Vishnitz Girls School 36,000
Rise and Shine 36,000
Community
Concern London		 15,000
Hasmonean
High School Charitable		 Trust 10,000
North West London Communal Mikvah 10,000
Menorah
Foundation		 10,000
Less than f10,000 39,750
Total 242,750
Analysis ofGrants to Institutions:
Relief ofpoverty 108,000
Advancement
ofeducation		 97,500
Advancement
ofthe Jewish religion		 19,200
Other general
charitable		 purposes 18,050
Total 242,750
8. ANALYSIS OF SUPPORT COSTS
Support costs Total 2020 Total 2019
z z
General office 2,199 2,199 3,420
Governance costs 35,053 35,053 33,466
37,252 37,252 36,886

NET GAIN S ON INVESTM ENTS
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
8
Gains/(losses)
on revaluation		 of
investment property 4,813,860 4,813,860
NET INCOME
Net income is stated after charging/(crediting):
2020 2019
8
Depreciation oftangible fixed assets 1,817 2,423
Fees payable for the audit ofthe financial statements 6,600 6,600

The charity
did not meet
any
expenses
incurred
by the trust
charity.
TANGIBLE FIXEDASSETS		 ees
for services
provided
to the
Fixtures and
fittings
Cost
At 1January 2020 and 31December 2020 28,986
Depreciation
At 1 January 2020 21,719
Charge for the year 1,817
At 31 December 2020 23,536
Carrying
amount
At 31 December 2020 5,450
At 31 December 2019 7,267

YEAR ENDED 31DECE
INVESTMENTS		 MBER 2020
Investment
properties
Fair value
At 1 January 2020 21,060,000
Additions 223,396
At 31December 2020 21,283,396
Carrying
amount
At 31 December 2020 21,283,396
At 31 December 2019 21,060,000

14. DEBTORS
2020 2019
Trade debtors 21,702 15,920
Prepayments and accrued income 47,050 25,501
68,752 41,421
15. CREDITORS: amounts falling due within one year
2020 2019
Trade creditors 17,498 60,898
Accruals and deferred income 29,296 10,622
Social security and other taxes 3,448 3,661
Other creditors 11,000 13,326
61,242 88,507

CRE DITO RS: amounts
falling due after more		 than one year
2020 2019
8
Bank loans and overdratts 5,000,000 5,000,000

Unrestri cted
funds
At At
I January Gains and 31 December
2020 Income Expenditure losses 2020
s
General funds 16,631,814 2,526,946 (707,859) 18,450,901
At At
I January Gains and 31 December
2019 Income Expenditure losses 2019
General funds 11,523,408 841,889 (547,343) 4,813,860 16,631,814

Unrestricted Total Funds
Funds 2020
Tangible fixed assets 5,450 5,450
Investments 21,283,396 21,283,396
Current assets 2,223,297 2323,297
Creditors less than I year (61,242) (61,242)
Creditors greater than I year (5,000,000) (5,000,000)
Net assets 18,450,901 18,450,901
Unrestricted Total Funds
Funds 2019
Tangible fixed assets 7,267 7,267
Investments 21,060,000 21,060,000
Current assets 653,054 653,054
Creditors less than I year (88,507) (88,507)
Creditors greater than I year (5,000,000) (5,000,000)
Net assets 16,631,814 16,631,814

ANA LYSIS OF CHANGES IN NET DEBT
At At
1 Jan 2020 Cash flows 31Dec 2020
Cash at bank and in hand 611,633 1,542,912 2,154,545
Debt due after one year (5,000,000) (5,000,000)
(4,388,367) 1,542,912 (2,845,455)