| Page | ||
|---|---|---|
| Trustees' Report |
I to 3 | |
| Independent Examiner's |
Report to the Trustees | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements | 7to 11 | |
| Schedule ofListed Investments | 12to 15 |
| General Fund | General Fund | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Notes | |||||
| Income and Endowments | |||||
| Investment Income |
154,423 | 111,295 | |||
| Endowments | |||||
| Other income | |||||
| Bank Interest received | 42 | ||||
| Income Tax Repayable | 1,799 | 5,824 | |||
| Total Income | f,156,264 | f.117,119 | |||
| ~K* Cht |
|||||
| Ex enditure on Charitable |
Activities:- | ||||
| Direct Charitable Expenditure |
-Grants | 191,015 | 179,711 | ||
| Support Costs (all Governance Costs) |
39,071 | 38,906 | |||
| Total Kx enditure on Charitable |
Activities | f230,086 | f218,617 | ||
| Net (Outgoing) resources for the |
year | (73,822) | (101,498) | ||
| Other Reco nised Gains | |||||
| Gains on Listed Investments:- | |||||
| Realised | 19,599 | 24,952 | |||
| Unrealised | 222,958 | 1,020,132 | |||
| Net Movement in Funds |
168,735 | 943,586 | |||
| Unrestricted Funds balance |
brought | ||||
| fonvard at 6April 2021 | 4,457,224 | 3,513,638 | |||
| Unrestricted Funds balance |
carried | ||||
| fonvard at 5April 2022 | f4,625,959 | f4,457,224 |
| Notes | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Fixed Assets | ||||||
| Listed Investments | 4,590,815 | 4,477,552 | ||||
| Current Assets | ||||||
| Debtor (Amount held | by Investment | Managers) | 45,747 | 15,662 | ||
| Sundry Debtors | 1,799 | 5,824 | ||||
| Balance at Bank | 7038 | |||||
| 54,584 | 21,486 | |||||
| Less: Creditors: Amounts | falling | |||||
| due within one | year | 6 | 19,440 | 41,814 | ||
| Net Current Assets/ | iabilities | 35,144 | (20,328) | |||
| Net Assets | f4,625,959 | j4,457,224 | ||||
| Rated B: | ||||||
| Designated Funds —Fixed |
Assets | 8 | 4,590,815 | 4,477,552 | ||
| Unrestricted Funds —General Reserves |
8 | 35,144 | (20,328) | |||
| K4,625,959 | f4,457,224 |
| 2. | Investment | Income | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Dividends | and Interest on | |||
| Listed Investments | 154,423 | 111,295 | ||
| Bank Interest | 42 | |||
| f.154465 | Kill 295 |
| 3. | Direct Charitable Ex enditure —Grants | Direct Charitable Ex enditure —Grants | Direct Charitable Ex enditure —Grants | Number of | Number of | Number of | Number | of | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Grants | in | year | Grants in | year | ||||||
| to 5/4/22 | 2022 | to 5/4/21 | 2021 | |||||||
| Charitable Donations: |
||||||||||
| Machon Mealiyot | 6,500 | |||||||||
| Na Laga'at | 1,000 | |||||||||
| London School ofJewish | Studies | 1,000 | ||||||||
| BC Shaare Zedek UK | 2,000 | 1,000 | ||||||||
| Chai Lifeline Cancer | 1,000 | 1,000 | ||||||||
| The Israel Free Loan Association | 1,000 | |||||||||
| World Jewish Relief | 5,000 | 5,000 | ||||||||
| Jewish Care | 3,000 | 3,000 | ||||||||
| B'nai B'rith Hillel Foundation | 3,000 | 3,000 | ||||||||
| Benji Hillman Foundation |
1,000 | |||||||||
| Arachim | 2,000 | 2,000 | ||||||||
| Chasdei Yoel | 1,250 | 1,000 | ||||||||
| Disabled Living Foundation | 1,000 | 1,000 | ||||||||
| University Jewish Chaplaincy |
2,000 | 2,000 | ||||||||
| Age UK | 1,000 | 1,000 | ||||||||
| ACT | 1,000 | |||||||||
| National Osteoporosis |
Society | 1,000 | 1,000 | |||||||
| Jerusalem College ofTechnology |
1,000 | |||||||||
| Seed | 1,200 | 1,200 | ||||||||
| Norwood | 1,000 | 1,000 | ||||||||
| Friends ofSH Hospital | 5,000 | 5,000 | ||||||||
| Matan | 2,000 | 1,000 | ||||||||
| Baits charity | 2,000 | 2,000 | ||||||||
| Tomchei Shabbos | 6,250 | 1,294 | ||||||||
| Amit | 1,000 | |||||||||
| Yeshiva Ma'arava | 8,500 | 8,000 | ||||||||
| Ezrat Avot | 1,200 | |||||||||
| Mosaica Centre for Conflict Resolution | 2,000 | 2,000 | ||||||||
| Pa'amonim | 1,100 | |||||||||
| Simon Marks Jewish Primary School | 1,000 | 1,000 | ||||||||
| Yeshivat Har Etzion | 2,000 | |||||||||
| Yad Vashem | 1,000 | 1,000 | ||||||||
| Aish Hatorah | 1,000 | 1,000 | ||||||||
| Chug Ha'amakim | 4,000 | 2,000 | ||||||||
| Magen David Adorn | 1,000 | 1,000 | ||||||||
| Leukaemia UK | 1,000 | 1,000 | ||||||||
| Friends ofYad Sarah | 1,000 | 1,000 | ||||||||
| Hayeshiva Hagadda Or Etzion |
10,000 | |||||||||
| Boys' Town Jerusalem | 1,000 | 1.000 | ||||||||
| Central Square Minyan | 2,000 | |||||||||
| Bridge Lane Beth Hamidrash | 3,350 | 1,350 | ||||||||
| carried forward | 38 | 68,550 | 42 | 78,644 |
| Nuns ber | of | Number of | |||||
|---|---|---|---|---|---|---|---|
| Grants in |
year | Grants in yenr | |||||
| to 5/4/22 | 2022 | to 5/4/21 | 2021 | ||||
| brought forward | 68,550 | 42 | 78,644 | ||||
| Shirat Yisrael | 16,000 | 1 | 8,000 | ||||
| Hebrew University ofJerusalem | 1 | 5,000 | |||||
| Jerusalem Music Conservatory |
Hassadna | 2,000 | 1 | 2,000 | |||
| Or Shalom Vachesed | 2 | 1,450 | |||||
| Yeshivat Ohr Torah Stone | 10,000 | ||||||
| Ahavat Hadassah | 16,000 | 1 | 8,000 | ||||
| Tzvia Reshet Chinuchit | Tonnet | 2,000 | |||||
| North London Welfare | 1,000 | ||||||
| YLT | 2,750 | 2 | 2,000 | ||||
| Yeshivat Chevrat Hatora | 3,700 | 1 | 4,000 | ||||
| Nachlas Bnei Shimon | 1 | 2,500 | |||||
| UKFriends ofAfikim, | 2,000 | 1 | 2,000 | ||||
| Yeshaya Adler Memorial | Fund | 16,500 | 2 | 16,000 | |||
| UK Toremet | 1,000 | ||||||
| Yad Eliezer Trust | 1 | 1,250 | |||||
| UCL Development OBice |
2,000 | 1 | 2,000 | ||||
| Protection ofNature Charitable | Trust | ||||||
| Mesila UK | 1 | 2,500 | 1 | 2,000 | |||
| Melabev | 1 | 5,000 | |||||
| Karov Eli Leavraham | 1 | 5,000 | 1 | 5,000 | |||
| Jerusalem Symphony Orchestra |
1 | 6,000 | 2 | 10,000 | |||
| Chasdei Sholom | 2 | 2,000 | |||||
| BeitNatan | 1 | 2,000 | |||||
| BeitMoreshet Maale Adumin | 2 | 15,000 | 2 | 17,500 | |||
| Aleh Charitable Foundation |
1 | 1,000 | 1 | 1,000 | |||
| Other (all less than g1,000) | 29 | 9,015 | 39 | 11,367 | |||
| 95 | 191,015 | 103 f179,711 | |||||
| NOTE:- All grants were | institutional | grants for | the purposes | of:- | |||
| Education | 20 | 59,750 | 23 | 70,750 | |||
| Religious Activities and Communal |
10 | 40,000 | 7 | 29,500 | |||
| Medical Care and Welfare | 22 | 26,000 | 22 | 19,994 | |||
| Cultural and Recreation |
9 | 10,915 | 15 | 17,017 | |||
| Care and Welfare | 34 | 54,350 | 36 | 42,450 | |||
| 95 | 191,015 | 103 f179,711 |
| 4. | Su ort Costs all Governance |
Su ort Costs all Governance |
Su ort Costs all Governance |
Costs | Costs | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| in res ectofCharitable | Activities | 2022 | 2021 | |||||||
| Accountancy (f12,600)and | ||||||||||
| costs ofIndependent Examination |
(f3,000) | 15,600 | 15,600 | |||||||
| Accountancy re previous |
years | 240 | 2,880 | |||||||
| Investment Management |
Fees | 22,632 | 19,779 | |||||||
| Bank Charges | 599 f39,071 |
647 f38,906 |
||||||||
| 5. | Fixed Assets-Investments | |||||||||
| Listed Investments | ||||||||||
| Market Value at 6April | 2021 | 4,477,552 | 3,502,208 | |||||||
| (Disposals) in year | (135,726) | (146,948) | ||||||||
| Acquisitions in year, at cost |
26,031 | 102,160 | ||||||||
| Net Unrealised Gains |
222 938 | 1020 132 | ||||||||
| Market Value at 5 April | 2022:- | |||||||||
| (as valued by the Investment | Managers | Close | Brothers Asset Mg3ut.i | f4,590,815 | f4,477,552 | |||||
| Details ofthe Listed Invesnnents | held are | shown | on pages | 12to 15. | ||||||
| Historical cost and value | when | settled | ofListed Investments | f2,938,535 | f2,979,812 | |||||
| The following investments comprised |
more than 10% | |||||||||
| ofthe total Listed Investments | portfolio: | |||||||||
| Market Value at | 5/4/22 | |||||||||
| Experian Pic | ||||||||||
| 18,488 Ordinary Shares |
||||||||||
| of10US Cents | f,546 690 | |||||||||
| 2022 | 2021 | |||||||||
| 6. | Creditors: Amounts fallin due |
within | one | ear | ||||||
| Accruals | 19,440 | 37,884 | ||||||||
| Bank Overdraft | 3,930 | |||||||||
| f19,440 | f41,814 |
| 8. | Unrestricted Funds |
Designated | General | |
|---|---|---|---|---|
| Total | Funds — |
Reserves | ||
| Fixed Assets | ||||
| Balance at 6April 2021 | 4,457,224 | 4,477,552 | (20,328) | |
| Net Movement in Funds |
||||
| for the year-increase | 168,735 | 168,735 | ||
| Transfer between Funds | 113,263 | (113,263) | ||
| Balance at 5April 2022 | f4,625,959 | X4,590,815 | f35,144 |
| COST | MARKET VALUE | |||
|---|---|---|---|---|
| Royal Dutch Shell 2500 "B"Shares |
30,246 | 53,025 | ||
| South 32 | ||||
| 7500 Ordinary | Shares | 7,914 | 22,575 | |
| Skipton Building Society | ||||
| 10000 12.875%Permanent | ||||
| Interest-Bearing | Shares | 11,307 | 21,876 | |
| Land Securities | Group | |||
| 7500 Ordinary | Shares | 63,069 | 58,860 | |
| GlaxoSmithKline | ||||
| 14000 Ordinary | Shares | 181,313 | 238,532 | |
| BTGroup | ||||
| 15000 Ordinary | Shares | 38,353 | 27,698 | |
| Unilever pic | ||||
| 4000 .031111pOrdinary | Shares | 95,151 | 141,460 | |
| Asbazeneca | ||||
| 2500 Ordinary | Shares | 93,108 | 258,350 | |
| Anto fagasta | ||||
| 4250 Ordinary | Shares | 55,112 | 72,718 | |
| BMO Commercial Property |
||||
| 100000 Ordinary Shares |
113,869 | 116,000 | ||
| Gilead Sciences | Inc | |||
| 450 Common stock | 26,906 | 20,482 | ||
| Centrica | ||||
| 9000 Ordinary | Shares | 28,965 | 7,173 | |
| carried fonvard | 745,313 | 1,038,749 |
| SCHE | DULE O | FLISTED | INVKSTM | KNTS AT 5AP | RIL 2022 (continued | |
|---|---|---|---|---|---|---|
| COST | MARKET VALUE | |||||
| brought | forward | 745,313 | 1,038,749 | |||
| Burbeny Group | ||||||
| 11715 Ordinary | Shares | 2,623 | 196,226 | |||
| Experian Group | ||||||
| 18,488 Ordinary | Shares | 14,731 | 546,690 | |||
| Vodafone Group | ||||||
| 104545 Ordinary | Shares | 120,692 | 131,183 | |||
| Reckitt Benckiser | ||||||
| 3750 Ordinary | Shares | 112,542 | 223,425 | |||
| BP | ||||||
| 15000 Ordinary | Shares | 75,804 | 57,435 | |||
| BHP Group Pic | ||||||
| 3750 Ordinary | Shares | 58,747 | 111,169 | |||
| British Land | ||||||
| 15000 Ordinary | Shares | 93,006 | 79,800 | |||
| Legal XGeneral | ||||||
| 20000 Ordinary | Shares | 49,828 | 54,540 | |||
| Galliford Try | ||||||
| 30000 Ordinary | Shares | 30,414 | 50,640 | |||
| Kier Group | ||||||
| 65,652 Ordinary | Shares | 190,062 | 54,206 | |||
| Verizon Communications | ||||||
| 6969 Common | Stock | 98,419 | 280,150 | |||
| Indivior Pic | ||||||
| 3500 Ordinary | Shares | 2,077 | 10,633 | |||
| carried | forward | 1,594,258 | 2,834,846 |
| COST | MARKET VALUE | ||||
|---|---|---|---|---|---|
| brought forward | 1,594,258 | 2,834,846 | |||
| Next Plc | |||||
| 300 Ordinary | Shares | 15,227 | 18,462 | ||
| Persimmon Pic |
|||||
| 4500 Ordinary | Shares | 63,871 | 99,540 | ||
| Rio Tinto Plc | |||||
| 2500 Ordinary | Shares | 74,665 | 153,000 | ||
| Sainsbury (I)Plc | |||||
| 30000 Ordinary | Shares | 103,688 | 73,980 | ||
| The Berkeley | Group Holdings | ||||
| 2770 Ordinary | Shares | 68,084 | 107,061 | ||
| D S Smith Plc | |||||
| 73000 Ordinary | Shares | 219,118 | 233,308 | ||
| Apple Inc | |||||
| 3000 Common | Stock | 49,405 | 400,037 | ||
| lnchcape Plc | |||||
| 7000 Ordinary | Shares | 44,259 | 47,460 | ||
| Paypoint Plc | |||||
| 5000 Ordinaty | Shares | 42,168 | 29,250 | ||
| ShaAesbury Plc |
|||||
| 5603 Ordinary | Shares | 44,983 | 34,010 | ||
| Close Brothers | Group Plc | ||||
| 5000 Ordinary | Shares | 73,127 | 60,700 | ||
| Vistry Group Plc | |||||
| 17218 Ordinaty | Shares | 234,046 | 163,743 | ||
| carried forward | 2,626,899 | 4,255,397 |
| COST | COST | MARKET VALUE | |||
|---|---|---|---|---|---|
| brought forward | 2,626,899 | 4,255,397 | |||
| Headlam Group |
|||||
| 15000Ordinary | Shares | 69,157 | 57,300 | ||
| Johnson | |||||
| 3200 Ordinary | Shares | 101,358 | 62,368 | ||
| Morgan Sindall | Group Plc | ||||
| 5000 Ordinary | Shares | 68,538 | 118,250 | ||
| Sthree Pic | |||||
| 25000 Ordinary | Shares | 72,583 | 97,500 | ||
| Total | X~2 | 3R 535 | f4 590 815 |