| Contents | Page | |
|---|---|---|
| Reference and Administrative Details |
||
| Trustees' Annual Report |
2-5 | |
| Independent | Auditor's Report |
6-7 |
| Consolidated | Statement ofFinancial Activities | |
| Consolidated | and Charity Balance Sheets | |
| Consolidated | Cash Flow Statement | 10 |
| Notes to the | Consolidated and Charity Accounts |
11-21 |
| Charity Only |
Statement ofFinancial Activities | 22 |
| Note | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| INCOMING RESOURCES | ||||||
| Income and Endowments from: | ||||||
| Donations and Legacies |
(4) | 81,174 | 52,056 | |||
| Investments | (5) | 1033764 | 1022 933 | |||
| 1,114,938 | 1,074,989 | |||||
| Other Incoming Resources | 41059 | 67915 | ||||
| Total Incoming Resources | (13) | 1,155,997 | 1,142,904 | |||
| RESOURCES EXPENDED | ||||||
| EXPENDITURE ON: | ||||||
| RAISING FUNDS | (6) | (167,277) | (228,074) | |||
| CHARITABLE ACTIVITIES | (7) | (741,000) | (814,000) | |||
| OTHER EXPENDITURE | (8) | 20620 | 20620 | |||
| Total Resources Expended | (13) | (928,897) | (1,062,694) | |||
| Gains/(Losses) on Disposal of |
Revalued | Investments | (14) | (1,412,122) | ||
| NETINCOMINGI(OUTGOING) | RESOURCES | (14) | (1,185,022) | 80,210 | ||
| OTHER RECOGNISED GAINS/(LOSSES) | ||||||
| Gains/(Losses) on Revaluation |
of | Investments | (14) | 252,002 | ||
| Other Gains/(Losses) | ||||||
| Net Movement in Funds | (14) | (1,185,022) | 332,212 | |||
| RECONCILIATION OFFUNDS: |
||||||
| TOTAL FUNDS BROUGHT | FORWARD | (13)l(14) | 12925 412 | 12593200 | ||
| TOTAL FUNDS CARRIED FORWARD | (13)/(14) | 611,740,390 | $12,925,412 |
| Note | Consolidated | Consolidated | Charity | Charity | ||
|---|---|---|---|---|---|---|
| 31.3.2021 | 3L3.2020 | 31.3.2021 | 3L3.2020 | |||
| FIXEDASSETS | ||||||
| Tangible Assets | (9) | 301 | 501 | 300 | 500 | |
| Investments | (10) | 10295 000 | 12 | 395000 | 11 112080 | 13212867 |
| 10,295,301 | 12,395,501 | 11,112,380 | 13,2273,367 | |||
| CURRENT ASSETS | ||||||
| Debtors | 588,148 | 554,470 | 629,213 | 501,138 | ||
| Cash at Bank and in Hand | 1 224 251 | 390200 | 66477 | 32594 | ||
| 1,812,399 | 944,670 | 695,690 | 533,732 | |||
| CREDITORS: Amounts | ||||||
| falling due within one year | (12) | ~367310 | ~474 759 | 267 680) | ~82)687 | |
| NET CURRENT | ||||||
| ASSETSI(LIABILITIES) | 1,445,089 | 529,911 | 628,010 | (287,955) | ||
| NETASSETS | 611,740,390 | 512,925,412 | 611,740,390 | 512,925,412 | ||
| FUNDS OF THE | ||||||
| GROUP/CHARITY | ||||||
| Unrestricted Funds |
(13) | 5,507,769 | 8,547,827 | 5,507,769 | 5,451,480 | |
| Revaluation Reserve |
(13) | 6 232 621 | 4 | 377585 | 6 232 621 | 7473 932 |
| TOTAL FUNDS | (13) | KI1,740,390 | $12,925,412 | 611,740,390 | $12,925,412 |
| Other | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | New | Foreign | Non- | ||||||||
| Start of | In/(Out) | Acq'n/Disp | Finance | Fair Value | Exch | Cash | End | of | |||
| The Year | Flows | Subsidiaries | Leases | Movements | Movement | ~Chan es | T~he | ear | |||
| Cash | 390,200 | 834,051 | 1,224,251 | ||||||||
| Cash Equivalents | |||||||||||
| Overdrafts | (51,385) | 36,572 | 14,813 | ||||||||
| Loans within 1 Year |
|||||||||||
| Loans After more than | 1 Year | ||||||||||
| Finance Lease Obligations | |||||||||||
| 338,815 | 870,623 | 1,209,438 | |||||||||
| FOR THE YEAR ENDED 31MARCH 2020 | |||||||||||
| Other | |||||||||||
| Cash | New | Foreign | Non- | ||||||||
| Start of | In/(Out) | Acq'n/Disp | Finance | Fair Value | Exch | Cash | End | of | |||
| The Year | Flows | Subsidiaries | Leases | Movements | Movement | ~Chan | es | ~The | ear | ||
| Cash | 432,522 | (42,322) | 390,200 | ||||||||
| Cash Equivalents | |||||||||||
| Overdrafts | (51,385) | (51,385) | |||||||||
| Loans within I Year | |||||||||||
| Loans After more than | I Year | ||||||||||
| Finance Lease Obligations | |||||||||||
| 432,522 | (93,707) | 338,815 |
| 4. | DONATIONS AND LEGA | CIES | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Corporate Donors including | Related Party (see Note 15) | 81,174 | 52,056 | |
| Individual Donors |
||||
| f81,174 | $52,056 | |||
| 5. | INVESTMENTS | |||
| Rent Receivable | 1,033,692 | 1,022,633 | ||
| Interest Receivable | 72 | 300 | ||
| 61,033,764 | $1,022,933 |
| RAISING FUNDS | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Agent's Rent Collection | Fees | 7,237 | 6,299 | |
| Bad Debts | 739 | |||
| Bank Charges | 563 | 534 | ||
| Depreciation | 200 | 260 | ||
| General Expenses | 26 | 26 | ||
| Hire ofEquipment | 896 | |||
| Insurance | 16,150 | 19,887 | ||
| Interest | 3 | |||
| Legal and Professional | Fees | 20,919 | 20,027 | |
| Letting Expenses | 4,863 | 11,069 | ||
| Light and Heat | 5,898 | 11,543 | ||
| Management Charges |
5,000 | 5,000 | ||
| Postage and Stationery | 122 | 234 | ||
| Rates and Water | 8,761 | 34,299 | ||
| Repairs and Maintenance | 74,189 | 83,215 | ||
| Salaries | 19,410 | 32,841 | ||
| Service Charges | 262 | 1,873 | ||
| Telephone | 2 042 | 964 | ||
| 6167,277 | $228,074 | |||
| Salaries and Wages comprised | the following: | |||
| Gross Salaries | 19,410 | 32,841 | ||
| Social Security Costs | ||||
| 619,410 | $32,841 |
| Year Ended 31 | March 2021 | ||
|---|---|---|---|
| Grants to | Grants to | ||
| Individuals | Institutions | ||
| Education | 232,000 | ||
| General Charitable | 85,000 | ||
| Relief ofPoverty | 269,500 | ||
| Religious Organisations | 5,000 | ||
| Welfare | 149500 | ||
| Total Grants/Donations | Paid | 6741,000 |
| Total | Total | ||
|---|---|---|---|
| Number of | Amount of | ||
| Name ofInstitution | Purpose | Grants Paid | Grants Paid |
| Beis Aharon Trust | Education | 80,000 | |
| Friends ofMercaz | Hatorah Belz | ||
| Macnivka | Welfare | 85 000 | |
| Sub total | 165,000 | ||
| Grants immaterial | to total grants made to Institutions | 63 | 576 000 |
| 72 | 741,000 |
| Year Ended 31 | March 2020 | |||
|---|---|---|---|---|
| Grants to | Grants to | |||
| Individuals | Institutions | |||
| Education | 240,500 | |||
| General Charitable | Purposes | 195,500 | ||
| Relief ofPoverty | 228,000 | |||
| Religious Institutions | ||||
| Welfare | 330000 | |||
| Total Grants/Donations | Paid | 5814,000 |
| were made to the f | ollowing | Institutions | for the following purpos | es: | |
|---|---|---|---|---|---|
| Total | Total | ||||
| Number of | Amount of | ||||
| Name ofInstitution | Purpose | Grants | Grants | ||
| Paid | Paid | ||||
| BeisAharon Trust |
Education | 100,000 | |||
| General | |||||
| Kehal Yisroel D'Chasidei | Gur | Charitable | 5 | 100,000 | |
| Yad Vochesed Association | ReliefofPoverty | 7 | 86,000 | ||
| Friends ofMercaz | Hatorah | Belz | |||
| Macnivka | Welfare | 90000 | |||
| Sub total | 376,000 | ||||
| Grants immaterial | to total | grants made to Institutions | 438 000 | ||
| 93 | $814,000 |
| OTHER | EX | PENDITU | RE | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Accountancy | Fees (including | VAT) | 10,120 | 10,120 | |||
| Auditor's | Remuneration | (including | VAT) | 10,500 | 10,500 | ||
| Others | |||||||
| 620,620 | $20,620 |
| TANGIBLE ASSETS | ||
|---|---|---|
| Computer | Equipment | |
| Group | Charity | |
| Cost | ||
| At 1April 2020 | 2,149 | 760 |
| Additions | ||
| At 31March 2021 | 2,149 | 760 |
| Depreciation | ||
| At 1 April 2020 | (1,648) | (260) |
| Charge for the Year | ~200) | (200) |
| 31March 2021 | (1,848) | (460) |
| Net Book Value | ||
| At 31March 2021 | f301 | f300 |
| At 31March 2020 | $501 | $500 |
| Freehold Land | ||
|---|---|---|
| Group | &Buildings | |
| Valuation | and Net Book Value | |
| At 1 April | 2020 | 12,395,000 |
| Additions/(Disposals) | (865,965) | |
| Revaluation | ~7234035 | |
| At 31March 2021 | 610,295,000 | |
| Cost | 7,150,121 | |
| Revaluation | 3 144879 | |
| 610,295,000 |
| Long Leasehold | |||||
|---|---|---|---|---|---|
| Charity | Land & | Freehold Land | Subsidiary | ||
| Buildings | &Buildings | Undertakings | Total | ||
| Valuation | and Net Book Value | ||||
| At 1 April | 2020 | 300,000 | 9,140,000 | 3,772,867 | 13,212,867 |
| Additions/(Disposals) Revaluation |
(865,965) ~7234 035 |
~787 | (865,965) ~7234 822 |
||
| At 31March 2021 | f.300,000 | 67,040,000 | 63,773,020 | 611,112,080 | |
| Cost | 64,347 | 4,814,303 | 4 | 4,878,654 | |
| Revaluation | 235653 | 2 225 697 | 3 772 076 | 6233 426 | |
| f.300,000 | 67,040,000 | 63,772,080 | 611,112,080 |
| Profit/(Loss) | After Taxation for the | ||||||
|---|---|---|---|---|---|---|---|
| Holding | Financial Year | Valuation ofHolding | |||||
| 31March | 31March | 31March | 31March | ||||
| 2021 | 2020 | 2021 | 2020 | ||||
| Addison | Properties | ||||||
| Limited | —01153532 | 100% | (787) | 153 | 3,258,758 | 3,259,545 | |
| Pastbridge | Limited— | ||||||
| 06834596 | 100% | 513322 | 513322 | ||||
| f.3,772,080 | S3,772,867 |
| Consolidated | Consolidated | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 31March | 31March | 31March | 31March | |||
| 2021 | 2020 | 2021 | 2020 | |||
| Trade Debtors | 263,695 | 172,582 | 12,759 | 6,431 | ||
| Other Debtors | 173,149 | 144,069 | 6,628 | 6,628 | ||
| Amounts | Owed by Group | |||||
| Undertakings | 531,282 | 321,586 | ||||
| Charitable | Loan Debtors | 120,500 | 130,500 | 67,500 | 77,500 | |
| Prepayments | and Accrued | |||||
| Income | 30804 | 107319 | 11044 | 88993 | ||
| 6588,148 | 5554,470 | 6629,213 | $501,138 |
| Consolidated | Consolidated | Charity | Charity | |
|---|---|---|---|---|
| 31March | 31March | 31March | 31March | |
| 2021 | 2020 | 2021 | 2020 | |
| Bank Overdraft | 14,813 | 51,385 | ||
| Trade Creditors | 13,879 | 36,578 | 12,979 | 4,232 |
| Amount Owed to Group |
||||
| Undertaking | 742,221 | |||
| Other Creditors | 140,778 | J759,211 | 43,705 | 62, J790 |
| Taxation and Social | ||||
| Security | 63,934 | 28,006 | ||
| Accruals and Deferred | ||||
| Income | 133903 | 139379 | 10996 | 13044 |
| f367,310 | $414,759 | f67,680 | 5821,687 |
| Group Funds | |||
|---|---|---|---|
| Unrestricted | |||
| Revaluation | General | ||
| Reserve | Reserve | Total | |
| Group Assets owned at 1 April 2020 | 4,377,585 | 8,547,827 | 12,925,412 |
| Incoming Resources | 1,155,997 | 1,155,997 | |
| Outgoing Resources |
(928,897) | (928,897) | |
| Gains/(Losses) on disposal ofRevalued |
|||
| Investments | (1,234,035) | (178,087) | (1,412,122) |
| Other Gains/(Losses) | |||
| Group Assets owned at 31March 2021 | K3,143,550 | 68,596,840 | K11,740,390 |
| Charity Funds | |||
| Unrestricted | |||
| Revaluation | General | ||
| Reserve | Reserve | Total | |
| At 1 April 2020 | 7,473,932 | 5,451,480 | 12,925,412 |
| Net Incoming/(Outgoing) Resources |
227,887 | 227,887 | |
| Gains/(Losses) on Disposal ofRevalued |
|||
| Investments Other Gains/(Losses) |
(1,412,122) | ~787 | (1,412,122) ~787 |
| At 31March 2021 | K6,061,810 | K5,678,580 | K11,740,390 |
| RECONCILIAT | ION OFNET GROUP | MOVE | MENT | ||
|---|---|---|---|---|---|
| Unrestricted | |||||
| Revaluation | General | ||||
| Reserve | Reserve | Total | |||
| Group Assets at | 1 April 2020 | 4,377,585 | 8,547,827 | 12,925,412 | |
| Net Incoming/(Outgoing) Resources |
227,100 | 227,100 | |||
| Other Movement | in year in Consolidated | SoFA | (1,234,035) | (178,087) | (1,412,122) |
| Other Gains/(Losses) | |||||
| Group Assets at | 31March 2021 | K3,143,550 | 68,596,840 | f11,740,390 |
| 31March | 31March | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| High | Park Investments | Limited | 17,000 | |
| Nyfil | Estates Limited | 2000 | ||
| K19,000 |
| 31March | 31March | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| The | Eliezer | Foundation | —1126142 | 620,000 | 518,000 |
| The Cha | rity is r | un by the sister-in-law oftwo o |
fthe Charity's Trustees and her |
son. |
|---|---|---|---|---|
| 31March | 31March | |||
| 2021 | 2020 | |||
| Terrace | Limited | —1068555 | f60,000 | 550,000 |