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|---|---|---|---|---|---|
|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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||||2021|2021|2020|
|---|---|---|---|---|---|
||||Unrestricted|||
||||funds|Total funds|Total funds|
|||Note||||
|INCOME AND ENDOWMENTS||||||
|Donations
and legacies
Investment
income||5|475,896
1,136,704|475,896
1,136,704|1,450,000
1,076,946|
|TOTAL INCOME|||1,612,600|1,612,600|2,526,946|
|EXPENDITURE||||||
|Expenditure
on raising funds:
Investment
management|costs||(507,936)|(507,936)|(427,857)|
|Expenditure
on charitable activities||6,7|(472,548)|(472,548)|(280,002)|
|TOTAL EXPENDITURE|||(980,484)|(980,484)|(707,859)|
|NET INCCME ANN NET MOVEMENT IN TUNES|||632 116|632 116|I 1119667|
|RECONCILIATION
OFFUNDS||||||
|Total funds brought
forward|||18,450,901|18,450,901|16,631,814|
|TOTAL FUNDS CARRIED|FORWARD||19,083,017|19,083,017|18,450,901|
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|||31DECEMBER 2021|31DECEMBER 2021|||
|---|---|---|---|---|---|
||||2021|2020||
|||Note|g|||
|FIXEDASSETS||||||
|Tangible fixed assets
Investments||11
12|4,088
21,783,396||5,450
21,283,396|
||||21,787,484||21,288,846|
|CURRENT ASSETS||||||
|Debtors||13|155,624|68,752||
|Cash at bank and in hand|||2,274,097|2,154,545||
||||2,429,721|2,223,297||
|CREDITORS: amounts|falling due|||||
|within one year||14|(134,188)|(61,242)||
|NKT CURRENT ASSETS|||2,295,533||2,162,055|
|TOTAL ASSETSLESS|CURRENT|||||
|LIABILITIES|||24,083,017||23,450,901|
|CREDITORS: amounts
after more than one year|falling due||(5,000,000)||(5,000,000)|
|NET ASSETS|||19,083,017||18,450,901|
|FUNDS OF THE CHARITY||||||
|Unrestricted
funds|||19,083,017||18,450,901|
|TOTAL CHARITY FUNDS||16|19,083,017||18,450,901|
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|LPW LIMITED
COMPANY LIMITED BYGUARANTE
STATEMENT OF CASH FLOWS
YEAR ENDED 31DECEMBER 2021|E||
|---|---|---|
||2021|2020|
|CASH FLOWS FROM OPERATING ACTIVITIES|||
|Net income|632,116|1,819,087|
|Adj usrmenrs for:
Depreciation oftangible
fixed assets
Dividends,
interest and rents from investments|1,362
(1,136,670)|1,817
(648,584)|
|Other interest receivable
and similar income|(34)|(505)|
|Interest payable
and similar charges
Accrued expenses|451
3,034|474|
|Cash generated
from operations|(499,741)|1,172,289|
|Interest paid
Interest received|(451)
34|(474)
505|
|Net cash (used in)/from
operating
activities|(500,158)|1,172,320|
|CASH FLOWS FROM INVESTING ACTIVITIES|||
|Dividends,
interest
and rents from investments
Purchases ofother investments|1,136,670
(500,000)|648,584
(223,396)|
|Changes
in trade and other debtors
Changes
in trade and other creditors|(86,872)
69,912|(27,331)
(24,939)|
|Net cash from investing
activities|619,710|372,918|
|CASH FLOWS FROM FINANCING ACTIVITIES|||
|Repayments of borrowings||(2,326)|
|Net cash used in financing
activities||(2,326)|
|NET INCREASE IN CASH AND CASH EQUIVALENTS|119,552|1,542,912|
|CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR|2,154,545|611,633|
|CASH AND CASH EQUIVALENTS AT END OFYEAR|2,274,097|2,154,545|
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|5.|DONATIONS
AND LEGAC|IES||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
||||||f|
||DONATIONS|||||
||Donations received|475,896|475,896|1,450,000|1,450,000|
|6.|EXPENDITURE ON CHARITABLE ACTIVITIES BYFUND TYPE|||||
|EXPEND|ITURE ON CHA|RITABLE ACTIVITIES|BYFUND T|YPE||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|Donations
paid
Support costs||456,694
15,854|456,694
15,854|242,750
37,252|242,750
37,252|
|||472,548|472,548|280,002|280,002|
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|7.|EXPENDITURE ON C|HARITAB|LE AC|TIVITIE|S BY|ACTIVIT|Y TYPE||
|---|---|---|---|---|---|---|---|---|
||||Grant|funding|||Total funds|Total fund|
||||of|activities|Support costs||2021|2020|
||Donations
paid
Governance
costs|||456,694||1,543
14,311|458,237
14,311|244,949
35,053|
|||||456,694||15,854|472,548|280,002|
||Included
in donations
paid are grants||made to the following|||institutions:|||
||Kupath Gemach
Torah and Chesed (BH) Ltd
Aiming High London
Aniyei Haolam
Trust
British Friends of Chatzer Hakodesh||Viznitz|||||72,000
38,234
36,000
36,000
36,000|
||Edupoor Ltd
Rise and Shine
Viznitz Institutions
Trust|||||||36,000
36,000
36,000|
||Kehal Chasidei Wiznitz
Keren Habinyan
Ltd|Ltd||||||25,000
25,000|
||Less than f20,000|||||||80,460|
||Total|||||||456,694|
||Analysis ofGrants to Institutions:||||||||
||Reliefofpoverty
Advancement
ofeducation|||||||201,650
113,500|
||Advancement
ofthe Jewish religion
Other general charitable
purposes|||||||100,294
41,250|
||Total|||||||456,694|
|8.|ANALYSIS OF SUPPORT COSTS||||||||
||||||Support costs||Total 2021|Total 2020|
|||||||t|||
||General office|||||1,543|1,543|2,199|
||Governance
costs|||||14,311|14,311|35,053|
|||||||15,854|15,854|37,252|
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|Net income is stated after charging/(crediti|ng):|||
|---|---|---|---|
|||2021|2020|
|Depreciation oftangible fixed assets||1,362|1,817|
|Fees payable for the audit ofthe financial|statements|9,000|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 2021 and 31December 2021|28,986|
|Depreciation||
|At I January 2021|23,536|
|Charge for the year|1,362|
|At 31December 2021|24,898|
|Carrying
amount
At 31December 2021|4,088|
|At 31 December 2020|5,450|
|INVESTMENTS||
||Investment|
||properties|
|Fair value||
|At 1 January 2021|21,283,396|
|Additions|500,000|
|At31December 2021|21,783,396|
|Carrying amount
At31December 2021|21,783,396|
|At 31 December 2020|21,283,396|
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|13.|DEBTORS||||
|---|---|---|---|---|
||||2021|2020|
||Trade debtors||106,371|21,702|
||Prepayments
and accrued|income|49,253|47,050|
||||155,624|68,752|
|14.|CREDITORS: amounts|falling due within one year|||
||||2021|2020|
||Trade creditors||57,444|17,498|
||Accruals and deferred income||32,330|29,296|
||Social security and other|taxes|21,085|3,448|
||Other creditors||23,329|11,000|
||||134,188|61,242|
|15.|CREDITORS: amounts|falling due after more than one year|||
||||2021|2020|
|||||f.|
||Bank loans and overdratts||5,000,000|O,OOO,OOO|
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