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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|
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||||||Note|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|
##
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||||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|
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|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|
##
|Expenditu|re
on charitable
activities|||||
|---|---|---|---|---|---|
|2021||Grant||||
|||funding of||||
|||activities|Support|Total|Total|
|||(note 4)|costs|2021|2020|
|Care and|Welfare|268,834|42,016|310,850|1,654,933|
|Jewish Community||1,020,000|159,417|1,179,417|1,698,998|
|Jewish Education||767,0OO|119,875|886,875|553,550|
|Medical Advancement||400,000|62,516|462,516|68,835|
|Pathways|to Employment|300,000|46,889|346,889|238,514|
|The Arts||18„500|2,891|21,391||
|New Initiatives||77,560|12,122|89,682||
|||2,851,894|445,726|3,297„620|4,214,830|
|2020||Grant||||
|||funding
of||||
|||activities|Support|Total||
|||(note 4)|costs|2020||
|||||F||
|Care and|Welfare|1,442,517|212,416|1,654,933||
|Jewish Community||1,480,926|218,072|1,698,998||
|Jewish Education||482,500|71,050|553,550||
|Medical Advancement||60,000|8,835|68,835||
|Pathways|to Employment|207,900|30,614|238,514||
|The Arts||||||
|||3,673,843|540,987|4,214,830||
|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|
##
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|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|
##
|Staffcosts|||
|---|---|---|
||2021|2020|
||E||
|Wages and salaries|215,431|211,822|
|Social security costs|22,425|22,904|
|Other pension costs|19,931|23400|
||257,787|258,126|
|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)|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|
|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|
##
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|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|
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|||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|
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||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||||
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