2021-12-31-accounts - The Maurice Wohl Charitable Foundation

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	Page
Legal and administrative information
Trustees' report
Independent auditors' report
Statement offinancial activities	14
Balance sheet	15
Statement ofcash flows	16
Notes to the financial statements	17—27

					2021	2020
Income from:
Investments					1,285,289	1,368,788
Total					1,285,289	1,368,788
Expenditure on:
Raising funds: .
investment management					181,355	384,603
Charitable activities:
Grant-making					3,297,620	4,214,830
Total					3478975	4,599,433
Net expenditure before investment			gains		(2,193,686)	(3,230,645)
Net gains on investments					7,753,258	2,627756
Net incomel (expenditure)		and net	movement	in funds	5,559,572	602,889
Reconciliation offunds:
Total funds brought	forward				82,863,699	83,466,588
Total funds carried	forward				88,423,271	82,863,699

			2021		2020
		Note
Fixed assets
Tangible assets investments Programme related	investment	8 9 10		7„536 89,946,430 1,596„757		8,277 86,748,488 1,596,757
Current assets				91,550,723		88,353,522
Debtors: amounts falling due within
one year Cash at bank and in	hand		453,547 1,527,077		66,615 960,439
Creditors: amounts	falling due within		1,980,624		1,027,054
one year Net current liabilities Total assets less current liabilities				89„754,885	~4,346,505	3,319,451 85,034,071
Creditors: amounts	falling due in more
than one year Net assets				1,331,614 88423,271		2,170,372 82,863,699
Funds
Income and endowment funds Total funds		14		88,423,271 88,423,271		82,863,699 82,863,699

					2021	2020
				Note
Cash flows from operating	activities
Net cash used in operating	activities			16	5„174303	5,881,738
Cash flows from investing	activities:
Dividends, interest and rents from investments					1,285,239	1,368,788
Purchase oftangible fixed assets					(5,889)	(6,321)
Proceeds from sale ofinvestments					10,940,954	28,982,599
Purchase ofinvestments					19472406	8 840 622
Net cash (used in) / provided by investing		activities			7,252,052	21,504,444
(Decrease) / increase in cash and cash equivalents			in the
year					(12,426,355)	15,622,706
Cash and cash equivalents	brought forward				24,632,232	9,009,526
Cash and cash equivalents	carried forward			17	12,205877	24,632,232

investment income
		2021	2020
		E
Income from listed investments		808,754	899,083
Income from managed	funds and unit trusts	474,247	459,090
Bank and other interest.		2,288	10,615
		1,285,289	1,368,788

costs include governa	nce costs ofE2	nce costs ofE2	1,625 (2020:240,336).
New grants awarded	and initiatives		funded
New grants awarded	—current	year		2021	2020
				F
Care and Welfare
Bikur Cholim					45,000
Ezra U'Marpeh					47,711
Jewish Care Homes JFS	Consolidated	Appeal			333,000 63,520
Jewish Women's Aid					66,098
Langdon Foundation					100,000
Medical Aid Trust				21,500	21,500
Noa Girls					257,720
Noah's Ark Children	Hospice			156,070
Norwood JLC - PaJeS					270,847 75,000
Work Avenue					25,000
WST Charity Ltd					60,000
Various discretionary grants Cancelled grants in year				91,814 550	77,700 ~579
				268,834	1,442,517

New grants awarde	d	and	initiatives	funded (continued)
					2021	2020
					E
Jewish Community
Community Security	Trust				100,000	100,000
GIFT					15,000
Initiation Society					20,000
Interlink						70,000
Jewish Care					10,000
JPR					225,000
Pears Foundation/LS	JS					20,000
Reshet						50,000
The Golders Green	Beth Hamedrash			Congregation	600,000
The Jerusalem Foundation						1,207,176
Youth Aliyah					50,000
Various discretionary	grants					33,750
					1,020,000	1,460 026
Jewish Education
Children Ahead						150,000
Gesher School						50,000
Hasmonean MAT					20,000	20,000
JW3- Gateways					326,000
Jewish Leadership Council			- PaJeS		110,000	120,000
PJ Library in the UK						45,000
Project Seed					90,000	80,000
The Rabbi Sacks Legacy Trust					200,000
Various discretionary	grants				21,000	17,500
					767,000	482,500
Medical advancement
The Follicular Lymphoma			Foundation		400,000
King's College London		and King's Health Partners				50,000
Other discretionary	grant					10,000
					400,000	60,000
Pathways to Employment
Darchei Torah						100,000
JW3 Gateways						47,900
Resource						10,000
The Langdon Foundation					300,000
Work Avenue						50,000
					300,000	207,900
The,Arts
United Synagogue					18,500
					18,500
New initiatives funded —current year
Action for Community		Employment			70,460
Peer Leadership Programme					7100
					77,560
Total grants awarded		(note 3)			2,851,894	3,673,843

2021	2020
No.	No.

Administrative		0.5		0.6
Grant management		1.3		1.2
		1.8		1.8
The number ofemployees	whose taxable emoluments	for services to the Foundation	amounted	to over
F60,000 in the year was as	follows:
		2021		2020
		No.		No.
In the band f70,001 - F80,000				(restated)
In the band E90,001 - 2100,000				1

				2021	2020
Depreciation oftangible	fixed assets			6,630	9,123
Auditor's remuneration	(excluding	VAT)
Audit services
Current year				17,250	15,000
Prior year					4,833
Accountancy services - current		year		11,778	12,500
Other services - current year					11,680
Operating leases - land	and buildings			46,380	63,293
Net gains/(losses) on	investments
				2021	2020
				f.	E
Net gains on revaluation Foreign exchange loss	offixed asset investments		(note 9)	7,659,483 93775	2,768,024 ~140268
				7,753,258	2,627,756

7.	Net gains/(losses)	investments
					2021	2020
					f.	E
	Net gains on revaluation Foreign exchange loss	offixed asset investments	(note 9)		7,659,483 93775	2,768,024 ~140268
					7,753,258	2,627,756
8.	Tangible fixed assets
		Leasehold		Fixtures &	Computer
		improvements	Paintings	fittings	equipment	Total
			E
	Cost
	At 1 January 2021	41,841	2,825	17,262	43,694	105,622
	Additions				5,889	5,889
	At 31 December 2021	41,841	2,825	17,262	49,583	111,511
	Depreciation
	At 1 January 2021	41,841		15,726	39,778	97,345
	Charge for the year			1,536	5094	6,630
	At 31 December 2021	41,841		17,262	44,872	103,975
	Net book value
	At 31 December 2021		2„825		4,711	7,536
	At 31 December 2020		2,825	1,536	3,916	8277

Fixed asset investments
	2021	2020
		F
Market value at 1 January Additions at cost Proceeds on disposal Cash transfers Net gains Market value at 31 December	86,748,488 19,472,406 (10,940,954) (12,992,993) 7,659,483 89,946430	87,514,153 8,840,622 (28,982,599) 16,608,288 2,768,024 86748,488
Investments held at year end comprise:
	2021	2020
Listed investments Managed funds and unit trusts Cash and cash equivalents	36,705,545 42,562,085 10678,800	20,761,142 42,315,553 23,671,793
	89,946,430	86,?48,490

		2021	2020
Amounts due from The Maurice and Vivienne	Wohl Philanthropic
Foundation Other debtors Prepayments		322,952 113,419 17,176	10,553 51,453 4,609
		453,547	66,615

	The Foundation's best is set out below.	estima	te of	future minimum payments under operating	leases (land a	nd buildings)
					2021	2020
						F
	Amounts payable:
	Within 1 year				46,380	55,656
	Between 1- 5years				69,570	125,226
					115,950	180,882
16.	Reconciliation ofnet	movement		in funds to net cash flow from operating	activities
					2021	2020
					E
	Net incomef (expenditure)		forthe year (as per Statement of		5,559,572	(602,889)
	Financial Activities)
	Adjustment for.
	Depreciation charges				6,630	9,123
	Gains on investments				(7,659,483)	(2,768,024)
	Dividends, interest and rents		from	investments	(1,285,289)	(1,368,788)
	New programme related investments					(96,757)
	(Increase) / decrease	in debtors			(386,932)	53,676
	Decrease in creditors				1,408801	1 108079
	Net cash used in operating		activities