| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report of the Trustees | 2 | to | 3 |
| Report ofthe Independent Au&litors |
4 | to | 6 |
| Statement ofFinancial Activities |
|||
| Balance Sheet | 8 | to | 9 |
| Cash Flow Stateruent | 10 | ||
| Notes to the Financial Statements | 11 | to | 19 |
| Trustees | A Bard | ||||||
|---|---|---|---|---|---|---|---|
| M H Goldstein | |||||||
| G Phillips | |||||||
| Registered | office | 168Shoreditoh | High | Street | |||
| London | |||||||
| El 6IKI | |||||||
| Registered | company | number | 09041095 (England | and Wales) | |||
| Registered | charity mnuber | 1164583 | |||||
| Independent | auditors | Haines Watts | (City) | LLP | |||
| Statutory Auditor | |||||||
| New Delwent | House | ||||||
| 69-73 Theobalds | Road | ||||||
| London | |||||||
| WCIX8TA | |||||||
| Principal | bankers | Royal Bank of Scotland | |||||
| Threadneedle | Street | ||||||
| London | |||||||
| EC2R 8LA |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| Income and endowments | from | |||
| Donations and legacies |
2,546,845 | 1,024,255 | ||
| Fxpenditure on |
||||
| Charitable activities |
3 | |||
| Relief ofunemployment | tin ough vocational | |||
| tranung | 648,468 | 32],423 | ||
| Relief ofunemployuieot | through job creation | 499,659 | 549,750 | |
| General charitable causes | 190,507 | 188,670 | ||
| Other | 31,086 | 176688 | ||
| Total | 1,369,720 | I 236,531 | ||
| Net gains/(losses) on investments |
~26,500) | |||
| iVET INCOME/(EXPENDITURE) | 1,150,625 | (212,276) | ||
| RcconciTiation offunds | ||||
| Total funds brought forward |
706,369 | 918,645 | ||
| Total funds carried fomvard | 1,856,994 | 706,369 | ||
| All funds are iauesntcied | in both years. |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| Iixed assets | ||||
| Investments | 24,844 | 51,344 | ||
| Current assets |
||||
| Debtors | 10 | 319,147 | 404,600 | |
| Cash at bank | 1,522,795 | 255,766 | ||
| 1,841,942 | 660,366 | |||
| Creditors | ||||
| Amounts falling due within one year. |
(9,792) | (5,341) | ||
| Net current | assets | 1,832, 1 50 | 655,025 | |
| Total assets | less current liabilities | 1,856,994 | 706,369 | |
| NET ASSETS | I 856994 | 706,369 | ||
| Funds | 12 | |||
| Unrestricted | funds | 1,856994 | 706,369 | |
| Total funds | 1,856,994 | 706,369 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash floivs from operatiug activities Cash generated )rom operations |
14 | 1,243 296 | ~39392) | |
| Net cash provided by/(used |
in) operating | activities | 1,243,296 | ~39,392) |
| Cash flows from iuvcsting | activities | |||
| Purchase offixed asset investmeuts | (51,344) | |||
| Repayment ofloans receivable Provision offinance |
23,733 | 14,956 ~79,000 |
||
| Net cash provided by/(used |
in) iuvestiug | activities | 23,733 | ~115,388) |
| Change in cash and cash | equivalents | in | ||
| the reporting period |
1,267,029 | (154,780) | ||
| Cash and cash equivalents | at tbe | |||
| beginning ofthe reporting |
period | 255 766 | 410546 | |
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
1,522 795 | 255 766 |
| Donations | and legacies | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Donations | 2,337,120 | 833,255 | |
| Gift ai&1 | 209,725 | 191,000 | |
| 2,546,845 | 1,024,255 |
| Grant | ||||||||
|---|---|---|---|---|---|---|---|---|
| frutding of |
||||||||
| activities | ||||||||
| (see note | ||||||||
| 4) | ||||||||
| Relief of | unemployment | tlu'ough | ||||||
| vocational | training | 648,468 | ||||||
| Relief of | uneurptoytnent | through | job | |||||
| creattoll | 499,659 | |||||||
| General charitable | causes | 190507 | ||||||
| 1,338,634 | ||||||||
| Grants payable | ||||||||
| 2022 | 2021 | |||||||
| Reliefof | unemployment | through | vocational | training | 648,468 | 321,423 | ||
| Relief ofunemployment | tlu'ough | job creation | 499,659 | 549,750 | ||||
| General charitable | causes | 190,507 | 188,670 | |||||
| 1 | 338,634 | 1 059,843 |
| All significant grants payable were are as follows'. |
made to inst | inttions. Material grants |
payable to instihttions dur |
ing the perio |
|---|---|---|---|---|
| 2022 | 2021 | |||
| Institution | ||||
| Laniado Hospital | 171,544 | 98,206 | ||
| Central British Fund for World Jewish Relief | 100,000 | 50,000 | ||
| Friends ofthe Barzilair Medical Center lnc | 83,138 | 51,229 | ||
| The Kemach Foundation | 80,000 | |||
| Tikva UK | 80,000 | |||
| Gvahim NGO | 75,000 | 25,000 | ||
| Atnerican Jewish Joint Distribution |
Cotumittee | (UK) Trust | 75,000 | |
| The Work Avemte Foundation | 70,000 | 75,000 | ||
| The Princes Trust | 65,000 | 65,000 |
| Support | costs | |||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| Managemeut | Finance | costs | Totals | |||
| Other resources expended |
24,020 | 91 | 6 975 | 31 086 | ||
| Net income/(expenditure) | ||||||
| Net incouie/(expemliture) | is stated after | chargiug/(creditiug); | ||||
| 2022 | 2021 | |||||
| Auditors' | reuiuueration | 6,975 | 4,980 | |||
| Trustees' | remuneranon | and benetits |
| Comparatives for the statement |
Comparatives for the statement |
offinancial | activities | |
|---|---|---|---|---|
| Unrestricted | ||||
| fnnd | ||||
| Incoiuc and endoivmeuts | from | |||
| Donations aud legacies |
1,024,255 | |||
| Expenditure on |
||||
| Charitable activities |
||||
| Relief ofunemployment | tlu ough | vocational | ||
| ti'allllllg | 321,423 | |||
| Reliefofunemployment | through | job creation | 549,750 | |
| General charitable causes |
188,670 | |||
| Otliel' | 176,688 | |||
| Total | 1,236,531 | |||
| NET INCOME/(EXPENDITURE) | (212,276) | |||
| Reconciliation offunds |
||||
| Total funds brought forwanl |
9]8,645 |
| Couiparatives | for the statement oftinancial | for the statement oftinancial | for the statement oftinancial | activities - continued | |
|---|---|---|---|---|---|
| Unrestricted | |||||
| fund | |||||
| Total funds carried fomvard | 706i,369 | ||||
| Fixed asset investments | |||||
| Listed | |||||
| investments | |||||
| g | |||||
| Market value | |||||
| At. 1 June 2021 | 51,344 | ||||
| Revaluations | (26,500) | ||||
| At 31 May 2022 | 24,844 | ||||
| Net book value | |||||
| At 31 May 2022 | 24,844 | ||||
| At 31 May 2021 | 51,344 | ||||
| There were no | investment | assets outside the UK. | |||
| Cost or valuation | at 31 May 2022 is represented | by: | |||
| Listed | |||||
| investments | |||||
| Valuation in 2022 |
24,844 |
| Debtors: | amouuts fa |
lling dne within one year |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Amounts | recoverable | on conn act | 109,867 | 213,600 |
| Other debtors | 209,280 | 191,000 | ||
| 319,147 | 404,600 |
| Creditor | s: mnounts falling due within one year |
||
|---|---|---|---|
| 2022 | 2021 | ||
| f, | |||
| Other creditors | 5,892 | 5,341 | |
| Accruals | and &lefene&1 income | 3,900 | |
| 9,792 | 5 341 |
| Moveme | ntin | funds | |||
|---|---|---|---|---|---|
| Net | |||||
| movement | |||||
| At 1/6/21 | in funds | At 31/5/22 | |||
| Unrestricted | fuuds | ||||
| General | fuml | 706,369 | 1,150,625 | 1,856,994 | |
| TOTAL | FUNDS | 706 369 | 1,150,625 | 1,856,994 |
| Iucoruing | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | cspended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 2,546,845 | (1,369,720) | (26,500) | 1,150,625 | |
| TOTAL | FUNDS | 2,546 845 | ~1,369,720) | ~26,500) | 1,150,625 |
| Net | |||||
|---|---|---|---|---|---|
| movement | |||||
| Ai 1/6/20 | in fumls | At 31/5/21 | |||
| Unrestricted | fuuds | ||||
| General | fun&1 | 918,645 | (2]2,276) | 706,369 | |
| TOTAL | FUNDS | 918 645 | ~212,276) | 706 369 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| rcsourccs | expended | in fumls | |||
| Unrestricted | funds | ||||
| General | lii&td | 1,024,255 | (1,236,531) | (2]2,276) | |
| TOTAL | FUNDS | 1,024,255 | ~1,236,531) | ~212,276) |
| Net | |||||
|---|---|---|---|---|---|
| movement | |||||
| At 1/6/20 | in funds | At 31/5/22 | |||
| f. | |||||
| Unrestricted | funds | ||||
| General | fund | 918,645 | 938,349 | 1,856,994 | |
| TOTAI. | FUNDS | 918,645 | 938,349 | 1,856,994 |
| Incoming | Resources | Gains aud | Movemeut | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | iu fmrds | |||
| Unrestricted | funds | |||||
| General | fund | 3,571,100 | (2,606,251) | (26,500) | 938,349 | |
| TOTAL | FUNDS | 3,571,100 | ~2,606,251) | ~26,500) | 938,349 |
| Reconciliation ofnet income/(expenditure) |
to net cash flow from opera | ting activities |
|
|---|---|---|---|
| 2022 | 2021 | ||
| Net income/(expenditure) for the reporting |
period (as per the | ||
| Statement ofFinancial Activities) |
],150,625 | (212,276) | |
| Adjustments for: |
|||
| Losses on investments | 26,500 | ||
| Loans receivable forgiven by donations |
80,000 | ||
| (Increase)/decrease in debtors Increase/(decrease) in creditors |
(]8,280) 4,451 |
205,181 ~32,237 |
|
| Net cash provided by/(used in) operations |
1,243,296 | ~39,392) |
| At I/6/21 | Cash flow | Ai 31/5/22 | |
|---|---|---|---|
| f, | |||
| Net cash | |||
| Cash at bantc | 255,766 | 1,267,029 | I 522,795 |
| 255,766 | 1,267,029 | 1,522,795 | |
| Total | 255,766 | I 267029 | I 522,795 |