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|Trustees|MJGee||||
|---|---|---|---|---|
||A H S Morgenthau||||
||R Freedman||||
||A Simon||(Appointed|10May 2021)|
|Charity number|256893||||
|Principal address|274a Kentish|Town Road|||
||London||||
||NW5 2AA||||
|Auditor|Citroen Wells||||
||Chartered
Accountants||||
||Devonshire
House||||
||1 Devonshire|Street|||
||London||||
||W1W 5DR||||
|Bankers|Barclays Bank pic||||
||Cardiff Queen|St|||
||Leicester||||
||LE872BB||||
|Solicitors|Nicholas and|Co|||
||10-12Bourlet|Close|||
||London||||
||W1W 7BR||||
##
##
||||Page|
|---|---|---|---|
|Statement|oftrustees'|responsibilities||
|Trustees'|report||2-4|
|Independent
auditor's||report|5-7|
|Statement|offinancial|activities||
|Statement|offinancial|position||
|Statement|ofcash flows||10|
|Notes to|the financial|statements|11-23|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|||
|~ln
&~mf~rm:|||||||
|Investment
income||||3|1,076,422|1,161,202|
|Ex ni
r|n:||||||
|Raising funds|||||353,892|237,192|
|Net incoming|resources||||722,530|924,010|
|Charitable
activities|||||||
|Education
and|training||||39,031|15,209|
|Overseas
aid|||||22,199|30,445|
|Arts and culture|and general||charitable causes||396,972|297,401|
|Health|||||88,189|108,481|
|Total charitable
expenditure|||||546,391|451,536|
|Total expenditure|||||900,283|688,728|
|Net gains/(losses)||on investments|||102,976|236,110|
|Net movement|in|funds|||279,115|708,584|
|Fund balances|at 6April 2021||||18,409,464|17,700,880|
|Fund balances at||5April 2022|||18,688,579|18,409,464|
##
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||||2022|2021|
|---|---|---|---|---|
|||Notes|||
|Fixed assets|||||
|Investment
properties||12|16,889,067|16,889,067|
|Investments||13|988,656|885,680|
||||17,877,723|17,774,747|
|Current assets|||||
|Trade and other receivables|||114,383|143,932|
|Cash at bank|and in hand||1,443,514|1,467,882|
||||1,557,897|1,611,814|
|Current
liabilities|||(575,752)|(771,044)|
|Net current assets|||982,145|840,770|
|Total assets|less current liabilities||18,859,868|18,615,517|
|Non-current|liabilities|17|(171,289)|(206,053)|
|Net assets|||18,688,579|18,409,464|
|Income funds|||||
|Unrestricted
funds|||18,688,579|18,409,464|
||||18,688,579|18,409,464|
##
##
||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
||||Notes|Z|||||
|Cash flows from operating||activities|||||||
|Cash absorbed
by operations|||21|||(1,092,538)||(1,045,278)|
|Investing|activities||||||||
|Proceeds|on disposal of investment||||||||
|property|||||||346,448||
|Investment|income received|||1,076,422|||1,161,202||
|Net cash
activities|generated
from investing|||||1,076,422||1,507,650|
|Net cash|used in financing|activities|||||||
|Net (decrease)/increase
in
equivalents||cash and cash||||(16,116)||462,372|
|Cash and|cash equivalents|at beginning|of year|||1,467,882||955,104|
|Effect offoreign exchange rates||||||(8,252)||50,406|
|Cash and|cash equivalents|at end ofyear||||1,443,514||1,467,882|
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|2022|2021|
|---|---|
|353,892|237,192|
|353,892|237,192|
##
|||Education|Overseas|Arts and|Health|Total|Total|
|---|---|---|---|---|---|---|---|
|||and training|aid|culture and||2022|2021|
|||||general||||
|||||charitable||||
|||||causes||||
||||f|||||
|Grant funding
(see note 6)|ofactivities|29,077|17,625|315,175|66,006|427,883|393,551|
|Foreign exchange||2,408|||5,052|7,460|(50,406)|
|Share of support costs
(see note 7)||4,972|3,014|53,895|11,287|73,168|70,181|
|Share ofgovernance
costs (see note 7)||2,574|1,560|27,902|5,844|37,880|38,210|
|||39,031|22,199|396,972|88,189|546,391|451,536|
|Analysis
by|fund|||||||
|Unrestricted|funds|39,031|22,199|396,972|88,189|546,391||
|||39,031|22,199|396,972|88,189|546,391||
|For the year
Unrestricted|ended 5April 2021
funds
15,209||30,445|297,401|108,481||451,536|
|||15,209|30,445|297,401|108,481||451,536|
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|||Education|Overseas|Arts and|Health|Total|2021|
|---|---|---|---|---|---|---|---|
|||and training|aid|culture and||||
|||||general||||
|||||charitable||||
|||||causes||||
|Grants to institutions:||||||||
|Yad Vashem
UK||||||||
|Foundation|||||||1,846|
|The Diana and Allan||||||||
|Morgenthau
Charitable||||||||
|Trust||||55,500||55,500|60,000|
|The Jacqueline
and||||||||
|Michael Gee Charitable||||||||
|Trust||||60,000||60,000|60,000|
|The Rosalyn and||||||||
|Nicholas Springer||||||||
|Charitable
Trust||||60,000||60,000|60,000|
|Jewish Child's
Day -|The|||||||
|Netanya
Foundation||||9,000||9,000||
|Jewish Child's
Day||||31,375||31,375|2,500|
|Jewish Care|||||37,500|37,500|37,500|
|Royal Opera House||||||||
|Covent Garden||||||||
|Foundation||||17,500||17,500||
|The Royal National||||||||
|Theatre||||20,000||20,000|25,000|
|Norwood
Ravenswood|||||||15,000|
|Nightingale
Hammerson|||||15,000|15,000|20,000|
|Community
Security||||||||
|Trust||||15,000||15,000|15,000|
|Youth Aliyah - Child||||||||
|Rescue (Yemin Orde)||3,428||||3,428|6,952|
|Glyndebourne||||||||
|Productions
Limited||||2,100||2,100|2,100|
|The British Friends ofthe||||||||
|Jaffa Institute||||5,200||5,200||
|Shaare Zedek UK|||||2,381|2,381|4,649|
|The Royal Academy|of|||||||
|Arts||||17,000||17,000||
|UK Friends of I.D.C.||22,220||||22,220|22,975|
|Carried forward||25,648||292,675|54,881|373,204|333,522|
##
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|6|Grants payable|||||||(Continued)|
|---|---|---|---|---|---|---|---|---|
||||Education|Overseas|Arts and|Health|Total|2021|
||||and training|aid|culture and||||
||||||general||||
||||||charitable||||
||||||causes||||
||Brought forward||25,648||292,675|54,881|373,204|333,522|
||Tel Aviv University
Trust||3,428||||3,428|6,868|
||My Israel||||2,500||2,500|2,500|
||Chai-Lifeline
Cancer||||||||
||Care|||||5,000|5,000||
||Save a Child's Heart|||||6,125|6,125|7,873|
||Magen
David Adorn|UK||||(1)|(1)|10,838|
||British Friends ofthe||||||||
||Israel Guide Dog Centre
for the Blind|||||||2,000|
||The Central
British Fund||||||||
||for World Jewish Relief||||20,000||20,000|10,000|
||The Jerusalem||||||||
||Foundation|||17,625|||17,625|19,950|
||||29,076|17,625|315,175|66,005|427,881|393,551|
##
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|Support|costs|||||
|---|---|---|---|---|---|
|||Support|Governance|2022|2021|
|||costs|costs|||
|||f|f|||
|Staff costs||41,238||41,238|39,763|
|Office service charges||11,135|3,711|14,846|13,818|
|Overseas|representatives|20,746||20,746|19,188|
|Other costs||93||93|21|
|Foreign exchange||(44)||(44)|845|
|Audit fees|||7,000|7,000|4,524|
|Accountancy|||25,310|25,310|27,000|
|Legal and|professional||||1,500|
|Insurance|||1,859|1,859|1,732|
|||73,168|37,880|111,048|108,391|
|Analysed|between|||||
|Charitable|activities|73,168|37,880|111,048|108,391|
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|Number ofem|ployees|||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|Administration||||
|Employment|costs|2022|2021|
|Wages and salaries||40,825|39,521|
|Social security|costs|413|242|
|||41,238|39,763|
|Net gains/(|losses)
on investmen|ts|||
|---|---|---|---|---|
||||2022|2021|
|Revaluation|of investments||102,976|196,561|
|Gain/(loss)|on sale of investment|properties||39,549|
||||102,976|236,110|
|Investment|properties|||2022|
|Fair value|||||
|At 6 April 2021 and 5April 2022||||16,889,067|
##
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|13|Fixed asset investments|Fixed asset investments|Fixed asset investments||||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||||Notes|||
||Investments
in subsidiaries|||||19|203|203|
||Listed investments||||||988,453|885,477|
||||||||988,656|885,680|
||Listed investments|included||above:|||2022|2021|
||Listed investments|carrying||amount|||988,453|885,477|
||Movements
in non-current|||investments|||||
|||||||Listed|Investments|Total|
|||||||Investments|in||
||||||||subsidiaries||
||Cost or valuation||||||||
||At 6April 2021|||||885,477|203|885,680|
||Valuation
changes|||||102,976||102,976|
||At 5April 2022|||||988,453|203|988,656|
||Carrying
amount||||||||
||At 5April 2022|||||988,453|203|988,656|
||At 5April 2021|||||885,477|203|885,680|
|14|Financial
instruments||||||2022|2021|
||Carrying
amount|of|financial assets||||||
||Instruments
measured||at fair value through||profit or loss||988,453|885,477|
##
##
##
|15|Trade and other receivables|Trade and other receivables|||
|---|---|---|---|---|
||||2022|2021|
||Amounts
falling due within one year:||||
||Amount
due from subsidiary||1,159|1,059|
||Other receivables||113,224|129,165|
||||114,383|130,224|
||Amounts
falling due after one year:||||
||Other receivables|||13,708|
||Total debtors||114,383|143,932|
|16|Current
liabilities||||
||||2022|2021|
||Other taxation and social security||7,304|4,362|
||Grants payable
Other payabies
Accruais and deferred|income|127,717
151,177
289,554|307,455
109,824
349,403|
||||575,752|771,044|
|17|Non-current
liabilities||||
||||2022|2021|
||Grants payable||171,289|206,053|
##
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##
|||||||Charitable|
|---|---|---|---|---|---|---|
|||||||commitments|
|||||||accrued|
|Grant commitments||recognised||at the start|ofthe year|513,508|
|Commitments
made||in the year||||427,883|
|Grants paid during|the year|||||(649,845)|
|Foreign exchange|difference||on|commitments||7,460|
|Amount ofgrant commitments|||recognised||at 5 April 2022|299,006|
|Grant commitments||at 5April|2022 recognised as:||||
|Due within one year:||||||127,717|
|Due over one year:||||||171,289|
|||||||299,006|
##
|Name ofundertaking|Registered|Registered|Nature ofbusiness|Class of|% Held|
|---|---|---|---|---|---|
||office|||shares held|Direct Indirect|
|Archie Sherman
Trust|England|&Wales Dormant||Ordinary|100.00|
|Nominees
Limited||||||
|(Company
Number||||||
|00915582)||||||
|ASCT Developments|LimitedEngland|8 Wales Dormant||Ordinary|100.00|
|(Company
Number||||||
|03741751)||||||
|Thamawell
Limited|England|8 Wales Dormant||Ordinary|50.00|
|(Company
Number||||||
|00851792)||||||
##
##
##
|The aggregate
capital
was as follows:|and res|erves
and the res|ult for the yea|
|---|---|---|---|
|Name of undertaking||Profit/(Loss)|Capital and|
||||Reserves|
|||f|f.|
|Archie Sherman
Trust||||
|Nominees
Limited||||
|(Company
Number||||
|00915582)|||100|
|ASCT Developments|Limited|||
|(Company
Number||||
|03741751)||(84)|(472)|
|Themawell
Limited||||
|(Company
Number||||
|00851792)||(85)|(271)|
##
||charges off14,846 (2021:213,818) to
Gee.|Archie Sherm|Archie Sherm|an
Administration
Lim|an
Administration
Lim|an
Administration
Lim|ited, a|company
controll|ed
by M J|
|---|---|---|---|---|---|---|---|---|---|
||At the year end, the charity's
subsidiary|undertaking,||ASCT Developments|||Limited|("the company"),|owed the|
||charity f1,053 (2021:P1,053). The company||was dormant|||during the year.||||
|21|Cash generated
from operations|||||||2022|2021|
||Surplus
for the year|||||||279,115|708,584|
||Adjustments
for:|||||||||
||Investment
income recognised
in statement||offinancial||activities|||(1,076,422)|(1,161,202)|
||Foreign exchange differences
Gain on disposal ofinvestment
property
Fair value gains and losses on investments|||||||8,252
(102,976)|(50,406)
(39,549)
(196,561)|
||Movements
in working
capital:|||||||||
||Decrease
in trade and other receivables|||||||29,549|44,516|
||(Decrease) in trade and other payables|||||||(230,056)|(350,660)|
||Cash absorbed
by operations|||||||(1,092,538)|(1,045,278)|
##