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