| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 3 |
| Report ofthe Independent Auditors |
to | 5 | |
| Statement of Financial Activities |
|||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | to | 15 |
| Principal | address | address | 20Gloucester | Place | ||
|---|---|---|---|---|---|---|
| London | ||||||
| W1U BHA | ||||||
| Settlor | Jack Bluston | |||||
| Trustees | Anna Jacquekne Josse (appointed | 16/3/2022) | ||||
| Martin David Paisner CBE |
||||||
| Daniel Isaac Dover | ||||||
| Prism Trustees | Limited (resigned | 16/3/2022) | ||||
| Administrator | Prism the Gift | Fund | ||||
| 20Gloucester | Place | |||||
| London | ||||||
| W1U 8HA | ||||||
| Banker | Coutts &Co | |||||
| 440 Strand | ||||||
| London | ||||||
| WC2R OQS | ||||||
| Independent | auditors | A C Mole | ||||
| Stafford House | ||||||
| Blackbrook Park Avenue | ||||||
| Taunton | ||||||
| TA1 2PX | ||||||
| Solicitors | Payne Hicks Beech | |||||
| Lincoln's Inn |
||||||
| 10New Square | ||||||
| London | ||||||
| WC2A 3QG | ||||||
| Investment | Managers | Handelsbanken | Wealth Management | Limited | ||
| No 1 Kingsway | ||||||
| London | ||||||
| WC2B 6AN | ||||||
| Registered | charity number | 266691 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Totalfunds | Totalfunds | ||||
| Notes | |||||
| Income and endowments | from | ||||
| Investment income |
~4~29 | ~KRU | |||
| Expenditure on |
|||||
| Charitable activities |
|||||
| Charitable Achvibes |
570,415 | 393,000 | |||
| Support costs Future grant commitment Total |
movement | 44,526 ~43 |
41,167 ~62 ~~7 |
||
| Net gain/(loss) on investments |
3433 141 | 5031 196 | |||
| NET SURPLUS | 3,465,429 | 5,063,460 | |||
| Reconciliation offunds |
|||||
| Total funds brought | forward | 26,174,060 | 21,110,600 | ||
| Total funds carried | forward |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| Funds | Total funds | |||||
| Notes | E | E | ||||
| Fixed assets | ||||||
| Investments | 29,657,405 | 26,224,264 | ||||
| Current assets | ||||||
| Cash at bank | 371,199 | 444,496 | ||||
| Creditors | ||||||
| Amounts falling due within |
one year | (389,115) | (494,700) | |||
| Net current | (llabgitles) | 4117916 | ||||
| Total assets | less current | liabilities | 29,639,489 | 26, | 174,060 | |
| NET ASSETS | ||||||
| Funds | ||||||
| Unrestricted | funds | 9489 | 28 | |||
| Total funds |
| 2023 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from operating activities Cash generated (used in)/from operations |
1 | ~720 | 626 | ~4~5J7 | |||
| Net cash used in operating |
activities | ~720 | 26 | ~434 1677 | |||
| Cash flows from Investing | activities | ||||||
| Net cash from investments | |||||||
| Interest received | 802 | 36 | |||||
| Dividends received |
646 | 427 | 528895 | ||||
| Net cash prowded by investing |
actwities | ~729 | |||||
| Change in cash and cash |
equivalents | In | |||||
| the reporting period |
(73,297) | 94,764 | |||||
| Cash and cash equivalents | at the | ||||||
| beginning ofthe reporting |
perfod | 444 | |||||
| Cash and cash equivalents | at the end | of | |||||
| the reporting period |
| Reconciliation of net Income |
to net cash flow from operating | activities | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | E | |||
| Net income for the reporting | period (as per the Statement of | Financial | ||
| Activities) | 3,465,429 | 5,063,460 | ||
| Adjustments for: |
||||
| Gain/losses on investments |
(3,433,141) | (5,031,196) | ||
| Interest received | (802) | (36) | ||
| Dividends received (Decrease)/Increase in creditors |
(646,427) ~15585 |
(528,895) 62526) |
||
| Net cash used In operations |
(72L525) |
| Analysis ofchanges in net funds |
|||
|---|---|---|---|
| At 6/4/22 | Cash flow | At 6/4/23 | |
| E | E | E | |
| Net cash | |||
| Cash at bank | 444 496 | ~732 7 | 371 199 |
| Total | ~444 496 | ~73297 | ~1199 |
| 4. | Grants payable | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Charity | Number | ||||||||
| 2023 | 2022 | ||||||||
| Bait Halochem UK |
1146950 | 35,000 | 18,000 | ||||||
| British Friends of Beth | Medrosh Govoha —Lakewood East | 1023816 | 10,000 | 10,000 | |||||
| British Library | N/A | 10,000 | |||||||
| British Friends of Shelve | 1081887 | 10,000 | |||||||
| Camden Psychotherapy |
Unit | 1112967 | 5,000 | 10,000 | |||||
| Chief Rabbinate Trust |
1095878 | 50,000 | 50,000 | ||||||
| Childhood Trust |
1154032 | 10,000 | 10,000 | ||||||
| Friends of Orchos Torah | 1178879 | 25,000 | |||||||
| Goldsrs Green Beth | Hamedrash | Congregabon | 1138578 | 10,000 | 20,000 | ||||
| Give It Forward Today |
1153393 | 10,000 | |||||||
| The British Friends | ofthe | Jaffa Institute | 282049 | 25,000 | 25,000 | ||||
| Jewish Council for Racial | Equahty | 1132666 | 10,000 | 10,000 | |||||
| Holocaust Educational | Trust | 327640 | 25,000 | 25,000 | |||||
| JW3 | 1117644 | 20,000 | |||||||
| Kisharon | 271519 | 10,000 | 10,000 | ||||||
| Maccabi GB | 1098206 | 5,000 | 5,000 | ||||||
| Marie Curie | 207994 | 25,000 | 25,000 | ||||||
| Ohel Sarah | 1004992 | 50,000 | |||||||
| Ohel Torah Beth David | 327912 | 30,000 | |||||||
| Pnsoners Abroad |
1093710 | 75,000 | |||||||
| Shaarei Torah | 326442 | 50,000 | |||||||
| The Friends of Ohel | Torah Trust | 327912 | 60,000 | ||||||
| Variety The Children's | Charity | 209259 | 100,415 | ||||||
| Weizmann institute |
Foundation | 232666 | 50,000 | ||||||
| World Jewish Relief | 290767 | 25,000 | |||||||
| Yoni Jssner Foundation | 1094798 | ||||||||
| 5. | Support costs | ||||||||
| Governance Governance |
|||||||||
| costa | costs | ||||||||
| 2023 | 2022 | ||||||||
| E | 6 | ||||||||
| Support costs | |||||||||
| Analysis of support costs |
|||||||||
| 2023 | 2022 | ||||||||
| E | E | ||||||||
| Bank charges | 280 | 367 | |||||||
| Auditors' fees |
7,400 | 7,200 | |||||||
| Administration fee Accountancy fees |
27,600 6,900 |
33,600 | |||||||
| Legal and professional | 2 346 |
| Listed | Unlisted | ||||||
|---|---|---|---|---|---|---|---|
| Investments | Investments | Total | |||||
| E | E | ||||||
| Market value | |||||||
| At 6Apnl Unrealised |
2022 goss)gain on investments |
1,224,264 (66 885599) |
25,000,000 ~3500 |
26,224,264 ~441 |
|||
| Market value | |||||||
| At 5Apnl | 2023 | ||||||
| At 5 Apnl | 2022 | ||||||
| There were no investment | assets outside the | UK. | |||||
| Cost or valuation | at 5 April 2023 is represented | by | |||||
| Listed | Unlisted | ||||||
| Investments | Investments | Totals | |||||
| E | |||||||
| Valuation | m 2020 | 1,187,395 | 20,000,000 | 21,187,395 | |||
| Valuation | in 2021 | 5,673 | 5,673 | ||||
| Valuation | in 2022 | 31,196 | 5,000,000 | 5,031,196 | |||
| Valuation | in 2023 | ~66859 | 3500MO | 3 3« |