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|---|---|---|---|
|Trustees report|||1-2|
|Independent<br>examiner's||report||
|Statement offinancial|activities|||
|Balance sheet||||
|Statement ofcash flows||||
|Notes to the financial|statements||7-15|





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|||||Unrestricted|Unrestricted|Total|Unrestricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||general|designated||general|designated||
|||||2021|2021|2021|2020|2020|2020|
|||Notes|||f|f||||
|Income from:||||||||||
|Legacies||||38,035||38,035|5,320,349|2,532,248|7,852,597|
|Charitable<br>activities||||||||||
|Investment<br>income||||74,961||74,961|24,325||24,325|
|Total income||||112,996||112,996|5,344,674|2,532,248|7,876,922|
|R~dd<br>R~fd||||||||||
|Investment<br>management||||11,880||11,880||||
|dl<br>Rl||||||||||
|Provision ofrelief to||||||||||
|Israeli Soldiers|||6|209,761||209,761|240,846||240,846|
|Total charitable|expeaditure|||209,761||209,761|240,846||240,846|
|Total resources|expended|||221,641||221,641|240,846||240,846|
|Net gains/(losses)<br>on||||||||||
|investments|||9|473,202||473,202||||
|Net inconiing resources||||||||||
|before transfers||||364,557||364,557|5,103,828|2,532,248|7,636,076|
|Gross transfers<br>between||||||||||
|funds||||(3,788,669)|3,788,669|||||
|Net (expenditure)/income||for|the|||||||
|year/||||||||||
|Net movement|in funds|||(3,424,112)|3,788,669|364,557|5,103,828|2,532,248|7,636,076|
|Fund balances at I Januaiy||||||||||
|2021||||5,108,658|2,532,248|7,640,906|4,830||4,830|
|Fund balances at 31||||||||||
|December 2021||||1,684,546|6,320,917|8,005,463|5,108,658|2,532,248|7,640,906|





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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Fixed assets|||||||||
|Investment|properties|||10||4,101,341||2,532,248|
|Investments||||11||1,970,075|||
|||||||6,071,416||2,532@48|
|Current assets|||||||||
|Debtors||||13|815,895||777,860||
|Cash at bank||and iu hand|||1,121,152||4,339,798||
||||||1,937,047||5,117,658||
|Creditors:|amounts||falling due ivithin one||||||
|year||||14|(3,000)||(9,000)||
|Net current|assets|||||1,934,047||5,108,658|
|Total assets||less current liabilities||||8,005,463||7,640,906|
|Incoine funds|||||||||
|Unresnicted||funds|||||||
|Designated|funds|||15|6,320,917||2,532,248||
|General unrestricted|||funds||1,684,546||5,108,658||
|||||||8,005,463||7,640,906|
|||||||8,005,463||7,640,906|






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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Cash flows from operating||activities|||||||
|Cash (absorbed by)/generated||I'rom operations||19||(227,641)||6,842,891|
|Investing|activities||||||||
|Purchase|ofinvestment<br>property||||(1,317,899)||(2,532,248)||
|Purchase|ofother investments||||(2,016,462)||||
|Proceeds|from disposal ofother investments||||268,395||||
|Investment|income received||||74,961||24,325||
|Net cash|used in investing<br>activities|||||(2,991,005)||(2,507,923)|
|Net cash|used In IInancing|activities|||||||
|Net (decrease)/Increase<br>in cash and cash equivalents||||||(3,218,646)||4,334,968|
|Cash and|cash equivalents<br>at|beginning|ofyear|||4,339,798||4,830|
|Cash and|cash equivalents|at end of|year|||1,121,152||4,339,798|





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|||Unrestricted|Unrestricted|Unrestricted|Total|
|---|---|---|---|---|---|
|||funds|funds|funds||
|||general|general|designated||
|||2021|2020|2020|2020|
||||||8|
|Legacies|receivable|38,035|5,320,349|2,532,248|7,852,597|





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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2021|2020|
|Rental|income|39,550|17,950|
|Income|from listed investments|26,911||
|Interest|income|8,500|6,375|
|||74,961|24,325|



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|Unrestricted|Total|
|---|---|
|funds||
|gcncral||
|2021|2020|
|f||
|11,880||
|11,880||



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||||Grant giving|Grant giving|
|---|---|---|---|---|
||||2021|2020|
|Property|costs||164,284|208,848|
|Travel costs|||5470|6,640|
|Charitable|distributions||25,000||
|Rent|||5,720|10,954|
|Insurance|||512|602|
||||200,786|227,044|
|Share ofsupport costs (see note 7)|||1,675|1,253|
|Share ofgovernance||costs (see note 7)|7,300|12,549|
||||209,761|240,846|





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|7|Support|costs|||||||
|---|---|---|---|---|---|---|---|---|
||||Support costs|Governance|2021 Support costs||Governance|2020|
|||||costs|||costs||
||Bank charges||1,675||1,675|1,253||1253|
||Audit fees||||||7,000|7,000|
||Accountancy|||4,800|4,800||3,775|3,775|
||Legal and|professional||2,500|2,500||1,774|1,774|
||||1,675|7,300|8,975|1,253|12,549|13,802|
||Analysed|between|||||||
||Charitable|activities|1,675|7,300|8,975|1,253|12,549|13,802|



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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds||
||||general||
||||2021|2020|
||||f|f.|
|Gain/(loss)|on sale ofinvestments||(62,833)||
|Revaluation|ofinvestment|pmperties|536,035||
||||473,202||





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|10|Investment<br>property|Investment<br>property|||
|---|---|---|---|---|
|||||2021|
||Fair value||||
||At I January 2021|||2,532,248|
||Additions<br>through|external|acquisition|1,317,899|
||Net gains or losses|through|fair value adjustments|251,194|
||At 31December 2021|||4,101,341|



||2021|2020|
|---|---|---|
|Freehold|495,000|340,990|
|Long leasehold|3,606,341|2,191,258|
|Short leasehold|||
||4,101,341|2,532,248|
|Fixed asset investments|||
|||Listed|
|||investments|
|||'E|
|Cost or valuation|||
|At I January 2021|||
|Additions||2,016,462|
|Valuation<br>changes||284,841|
|Disposals||(331,228)|
|At 31December 2021||1,970,075|
|Carrying<br>amount|||
|At 31December 2021||1,970,075|
|At 31December 2020|||
|Historical cost|||
|At 31 December 2021:81,757,529|||





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|12|Financial|instruments|instruments|||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||f|f|
||Carrying|amount offinancial||assets||||
||Instruments|measured|at fair value through||profit or loss|1,970,075||
|13|Debtors|||||||
|||||||2021|2020|
||Amounts|falling due|ivithin one year:|||||
||Legacy receivable|||||388,035|350,000|
||Prepayments<br>and accrued income|||||2,860|2,860|
|||||||390,895|352,860|
|||||||2021|2020|
||Amounts|falling due|after more than one||year:||f|
||Loan to Trustee|||||425,000|425,000|
||Total debtors|||||815,895|777,860|
|14|Creditors'|.amounts|falling due|within one year||||
|||||||2021|2020|
|||||||f|f|
||Accruals|||||3,000|9,000|



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|||Movernentin||||
|---|---|---|---|---|---|
|||funds||||
|||incoming|Balance at|Trsmrere|Balance st|
|||i'esem'cee|1January||31December|
||||2021||2021|
|Investment|propetties|2,532,248|2,532,248|1,569,093|4,101,341|
|Fixed asset|investments|||2,219,576|2,219,576|
|||2,532,248|2,532,248|3,788,669|6,320,917|





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|16|Analysis ofnet assets between|Analysis ofnet assets between|funds||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Total|Unrestricted|Designated|Total|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
||||||f|||f.|
||Fund balances at 31||||||||
||December|2021 are|||||||
||represented|by:|||||||
||Investment|properties||4,101,341|4,101,341||2,532,248|2,532,248|
||Investments|||1,970,075|1,970,075||||
||Current assets/(liabilities)||1,684,546|249,501|1,934,047|5,108,658||5,108,658|
||||1,684,546|6,320,917|8,005,463|5,108,658|2,532,248|7,640,906|



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||||||||
|---|---|---|---|---|---|---|
|19|Cash generated<br>from operations||||2021|2020|
||Surplus for the year||||364,557|7,636,076|
||Adjustments<br>for:||||||
||Investment<br>income|recognised|in statement offinancial activities||(74,961)|(24,325)|
||Loss on disposal of|investments|||62,833||
||Fair value gains and|losses on investment||properties|(536,035)||
||Movements<br>in working<br>capital:||||||
||(increase) in debtors||||(38,035)|(777,860)|
||(Decrease)/increase|m creditors|||(6,000)|9,000|
||Cash (absorbed by)/generated||from operations||(227,641)|6,842,891|
|20|Analysis ofchanges|in net funds|||||
||The trust had no debt during the year.||||||