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||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|
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|||||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|
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||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|
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|||||||||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||
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|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|
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|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|
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||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|
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|||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|
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|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|
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|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|
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|||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|
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||||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|
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|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|
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||||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|
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