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|---|---|---|
|Trustees'
Report|||
|Independent
Auditors'|Report||
|Statement ofFinand@|Activities||
|Balance Sheet||12|
|Cash Flow Statement||13|
|Notes to the Financial|Statements|14|
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||Notes|31March|31 March|
|---|---|---|---|
|||2021|2020|
|||8'000|K'000|
|Income:||||
|Investments||869|992|
|Dona8ons||630||
|Total income||1,499|992|
|Expenditure
on:||||
|Raising funds||77|70|
|Charitable
activiTies||||
|Grant making
acbviTies:||||
|Science and medicine||1,149|1,036|
|Education||155|70|
|Health and disability||933|248|
|Arts and humanities|||330|
|Total charitable
expenditure||2237||
|Total expenditure||2,314|1,754|
|Net expenditure
and net movement|In funds before|||
|gains and losses on investments||(815)|(762)|
|Realised and unrealised
gains i(losses) on investments:||||
|Disposal
and revaluation
10
Foreign exchange gains I(losses)||9,346
179|(1,740)
(479)|
|Net movement
In funds||8,710|(2,981)|
|Reconciliation offunda||||
|Total funds brought forward||32,853|35,834|
|Total funds carried forward||41,563|32,853|
##
||||Notes|||||
|---|---|---|---|---|---|---|---|
||||||31 March||31March|
||||||2021||2020|
|||||0.'000|8'000|8'000|F.'000|
|Fixed asseta||||||||
|Investmsnts|||10||41,199||33,625|
|Current assets||||||||
|Invesonenor|||10|3731||2,167||
|Debtors|||11|85||78||
|Cash at bank||||13||13||
|||||3,329||2,258||
|Creditom
falling due within||||||||
|one year|||12|(2,248)||(2,277)||
|Net current assets|||||1,081||(19)|
|Total assets|less current liabilities||||42,280||33,607|
|Creditors falling due after||||||||
|one year|||13||(717)||(754)|
|Total net assets|||||41,563||32,853|
|Funds||||||||
|Expendable|endowment|fund|||41,563||32,853|
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|FORTHE|YEAR ENDED 3|1 MARCH 2021|||||
|---|---|---|---|---|---|---|
|||||Notes|||
||||||31 March|31 March|
||||||2021|2020|
||||||8'000|8'000|
|Cash used In operagng
ac6vltlse||||14|(1,732)|(2,350)|
|Cash flows from Investing||activities|||||
|Dividends|and interest and|distributions|||||
|from invesirnents||||3|869|992|
|Purchase
Proceeds|ofinvesbnenis
from disposai ofinvestments|||10
10|(12,923)
14,850|(13,034)
13,986|
|(increase)|/ decrease
in current asset||||||
|investments|||||(1,064)|406|
|Net cash|provided
by Investing
activities||||1,732|2,360|
|Decrease|In cash and cash equivalents||during|the year|||
|Cash and|cash equivalents|brought forward||||13|
|Cash and|cash equivalents|carried forward|||13||
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|3. Investment
income||||||
|---|---|---|---|---|---|
|||||2021|202D|
|||||6'000|E'DDD|
|Dividends-UK
companies,|unit|trusts and OEICS||46|57|
|Dividends-Foreign
securIDes,||unit trusts and OEICS||200|260|
|Interest-UK securities,
unit|trusts and OEICS|||4|17|
|Interest-Foreign
securities,|unit trusts, OEICS and Eurobonds|||52|116|
|Interest-cash
deposits|||||1|
|Distribution —Oxford University||Endowment
Management|Ltd.|567|541|
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|Investment|Investment|returns compared|ta the|Trust's|objecthre|||||
|---|---|---|---|---|---|---|---|---|---|
|||||2017|2018|2019|2020|2021|2017|
||||||||||-2021|
||||||||||Average|
|Actual|return|%(B/A)||17.58%|(0.35%)|7.88%|(3.35/o)|28,82%|10.22'yo|
|Target|return|'%%d (RPI+4%)|C|7.30%|7.62%|6.99%||||
|Target|return|'%%d (CPI+4'/o)|C||||550/o|5 01 /'||
|Return|(below) / in excess of|||||||||
|target|%|||10.28%|(797%)|0.69%|(8.85%)|23.81%|3.73%|
|||||2017|2018|2019|2020|2021|Total|
|||||8'000|8'000|8'000|CODD|8'000|8'000|
|Actual
Target|return
return|L"000
F'000 (CxA)|B|6,050
2,580|(151)
2,985|2,891
2,632|(1,296)
2,138|10,317
1,794|17,811
12,129|
|Return|(below) / in excess of|||||||||
|target|OOOO|||3,470|(3,136)|259|(3,434)|8,523|5,682|
##
|19support fund. All donations
were dis
8. Grant making activities|bursed
during the year.||||
|---|---|---|---|---|
||Grants|Atlocated|||
||awarded|expenses|Total|Total|
||(net)
8'000|(note 6)
8'000|2021
8'000|2020
8'000|
|Science and rnedidne
Education|1,100
107|49
48|1,149
155|1,036
70|
|Health and disability|885|48|933|248|
|Arts end humanities||||330|
||2,092|145|2,237|1,684|
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||||||31 March|31 March|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E'000|E'000|
|Due
Due|within
after|one
more|year
than|(nolo 12)
one year (nots 13)|2,048
717|2,261
754|
||||||2,765|3,015|
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|||Market||||Market|
|---|---|---|---|---|---|---|
|||value|||Gains/|value|
|||2020
E'000|Purchases
E'000|Sales
E'000|(losses)
E'OGO|2021
E'000|
|Equities
Fixed Income
Absolute
Returns||24,376
2,994|8,025
'I,006|(9,655)
(1,952)|8,943
763|31,689
2,811
4|
|Real Assets
Gills and Others||5,458
793|1,765
2,127|(1,760)
(1,483)|(81)
(124)|5,382
1,313|
|||33,625|12,923|(14,850)|9,501|41,199|
|Current asset Investments|||||||
|Cash held forfuture investment||2,167|||(157)|3,231|
|Total Investment|assets|35,792||||44,430|
|11.Debtors|||||31March|31 INarch|
||||||2021|2020|
||||||E'OGO|E'000|
|Accrued income
Sundry debtom|||||71
14|65
13|
||||||85|78|
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|12.Creditors|failing due within one year|||
|---|---|---|---|
|||31 March|31 March|
|||2021|2020|
|||2'000|8'000|
|Grants payabie
Other creditors|(note 9)|2,046
290|2,261
16|
|||2,248|2,277|
|13.Creditors|falling due alter one year|||
|||31 March|31 March|
|||202'I|2020|
|||8*000|PGGG|
|Grants payable|(note 9)|717||
##
|14.Reconciliation
ofnet movement
in funds to net|cash used in operating
activ|ities|
|---|---|---|
||31 March|31 March|
||2021|202G|
||8'000|5'000|
|Net incoming I(outgoing) resources
(Gains) flosses on investments
Dividend
income
(increase) Idecrease
in debtors
Decrease in creditors|8,710
(9,501)
(669)
(6)
(66)|(2,981)
1,720
(992)
32
(129)|
|Net cash used
in operating
activities|(1,732)|(2,350)|
##
|15.A|nalysis ofchanges
in cash|balances|during the y|ear|||
|---|---|---|---|---|---|---|
||||31 March||Foreign|31March|
||||2020
f'000|Cash flow
6'000|Exchange
8'000|2021
6'900|
|Cash
Cash|at bank
held as part ofthe investment|portfolio|13
2,167|1,221|(157)|13
3,231|
||||2,180|1,221|(157)|3,244|
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|Hebrew
University
ofJerusalem,
Israel
(joint gmnt wilh the Woifson Foundation
tctalling|6550,000)||220,000|
|---|---|---|---|
|Tschnion - Israel Institute ofTechnology,
Haifa, Israel
()oint grant with Ihs Wolfson Foundation
totalling 8460,000)|||184,000|
|Weizmann
Institute ofScience, Rshovot, Israel
(joint grant with the Wolfson Foundation
totalling|8460,000)||184,000|
|Tel-Aviv University,
israel
(joint grant with the Wolfson Foundation
totalling|6391,000)||156,400|
|Ben-Gurion
University,
Beer Shave, Israel
(joint grant with the Wolfson Foundation
totalling|6325,000)||130,000|
|Bsr-lian University,
Rsmat Gen, israel
gojnt grant with the wolfson Foundation
totalling|8314,000)||125.600|
|Exceptional
Award||||
|Israel Science Foundation,
Jerusalem,
Israel
- Research programme
to help understand
the spread
and the paihogenesis
Israeli universities
(in partnership
with a consortium
offunders)||ofcoronsvirus,|100,000
across|
|Total Science and Medicine (7grants)|||1,1oe,occ|
|Education||||
|Academy
of Nledical Sciences, London W1
- Daniel Tumberg
UK/Middle
East Travel Fellowship
Scheme (over 3years)|||100,000|
|Prism, London W1
-Wolfson Jewish Education
Fund|||7,200|
|Total Education
(2grants)|||107,200|
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|Hosploe ofthe Upper Galilee, Rosh Pins, Israel
- Medica! vehids (eward converted tounrestricted
pandemic)|Hosploe ofthe Upper Galilee, Rosh Pins, Israel
- Medica! vehids (eward converted tounrestricted
pandemic)|Hosploe ofthe Upper Galilee, Rosh Pins, Israel
- Medica! vehids (eward converted tounrestricted
pandemic)|Hosploe ofthe Upper Galilee, Rosh Pins, Israel
- Medica! vehids (eward converted tounrestricted
pandemic)|funding|funding|in|response to Covid-19
20,000|
|---|---|---|---|---|---|---|---|
|SOS Children's
Villages Israel,
- Children's
beds et Neradim|Petach Tikvah, Israel
Children's
Village||||||16,000|
|Shalhevsth,
Jerusalem,
israel
- Air conditioning
units for aperbnents||for people with|||physical||disabilides
9,100|
|Covid-19 Support Fund||||||||
|The fallowing
organisaiions
received unrestricted|||funding||under||ths Wolfson Covid-19 Support Fund:|
|Social care consortium
—Jewish Homes Emergency|Appeal: Jewish Care,|||Nightingale|||and The Fed
165,000|
|Chai Cancer Care, London NW4|||||||100,000|
|JAMI, Edgware,
Middlesex|||||||100,000|
|Norwood,
Stanmore,
Middlesex|||||||100,000|
|Gesher School, London
NW2|||||||75,000|
|JW3, London NW3|||||||75,000|
|Langdon
Foundation,
Elstree, Middlesex|||||||75,000|
|Bayis Sheli, London hl16|||||||50,000|
|Bikur Choiim, London N16|||||||50,000|
|Manchester
Jewish Community|Cars||||||50,000|
|Total Health and Disability (13grants)|||||||885,190|
|Total grants awarded|||||||2,092,300|
|(Total number ofgrants; 22)||||||||