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||`Page`|
|---|---|
|`Trustees’ annual report`|`1 to4`|
|`Independent Examiner's Report`|`5`|
|`Statementoffinancialactivities`|`6`|
|`Balance sheet`|`7`|
|`Notes to the accounts`|`8 to 13`|
|`Investments`|`14 to 44`|
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|`Objectives and Grant`||
|---|---|
|`MakingPolicies:`|`The termsof the trust require the trustees to make grants (which may be from`|
||`capital or income)for “charitable objects or purposes”at the trustees’ absolute`|
||`discretion. The trustees have resolved to support charitable organisations`|
||`concerned with medicine, social care, education, disabled persons and homes`|
||`for the elderly and charities which benefit people of the Jewishfaith.`|
||`In July each yearthe trustees review previous donations and consider new`|
||`applications. They have a rolling programmeofvisits to the charities they support.`|
||`Donations are madeon an annualbasis, but the trustees do not make any`|
||`commitmentto provide support in future years.`|
|`Achievements and`||
|`performance:`|`During the year ended 5 April 2021 the trustees metthe trust's objectives by`|
||`making grants totalling £58,000 as shown on page 13.`|
|`Financial review:`|`Total income was £68,012 (2020: £88,883) with expenditure amounting to`|
||`£85,041 (2020: £76,007). Net assets at the end of the year were £4,325,374`|
||`(2020: £3,748,549).`|
|`Investment Powers and`||
|`Policy:`|`The trustees have the powersof investment of beneficial owners and the`|
||`governing document doesnot imposeanyrestrictions.`|
||`During the year the investmentpolicy was to generate the optimum incomefor`|
||`distribution whilst at the sametime investing for capital growth. In March 2009`|
||`the trustees adopted a policy to grow the real value (above UK CPI)oftheir`|
||`investments while generating a reasonable level of income. They therefore`|
||`continue to pursuea total return policy. In September 2013 the trustees appointed`|
||`Coutts & Co Investment Management to managetheir investments on a`|
||`discretionary basis replacing their previous advisory contract. The managers`|
||`collect the income andreport to the trustees quarterly. The trustees consider these`|
||`reports and comment where necessary. During the year to 5 April 2021 the`|
||`trustees had two meetings with the managersto review the performanceof the`|
||`investments andto discuss strategyin the light of stockmarket conditions.`|
|`Public Benefit:`|`The trustees have considered the Charity Commission’s guidance on public`|
||`benefit issued in January 2008 and subsequently. In accordance with that`|
||`guidance, they review the activities of the organisations to which they`|
||`make donationsto satisfy themselves that those activities meet the principles`|
||`of public benefit laid down by the Commission.`|
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|`for the year ended 5 April 2021`||||||
|---|---|---|---|---|---|
|||`Expendable`|`Unrestricted`|`2021`|`2020`|
|||`Endowment`|`Income`|`Total`|`Total`|
||`Notes`|`Funds`|`Funds`|||
|||`£`|`£`|`£`|`£`|
|`Income and endowments from`||||||
|`Investment income`|`3`|`-`|`68,012.15`|`68,012.15`|`88,883`|
|`Total income and endowments`||
`-`|
`68,012.15`|
`68,012.15`|
`88,883`|
|`Expenditure on`||||||
|`Costs ofraising funds`||||||
|`Investment managementcosts`|`5`|`20,441.31`|`-`|`20,441.31`|`20,144`|
|`Charitable activities`|`4`|`-`|`64,600.00`|`64,600.00`|`55,863`|
|`Total expenditure`|
|
`20,441.31`|
`64,600.00`|
`85,041.31`|
`76,007`|
|`Net gains/(losses) on investments`|`6`|`594,037.12`|`-`|`594,037.12`|`(275,756)`|
|`Net gain/(loss) on currency exchanges`||`( 182.77)`|`-`|`( 182.77)`|`901`|
||
|
`593,854.35`|
`-`|
`593,854.35`|
`(274,855)`|
|`Net Income/(expenditure)`||
`573,413.04`|
`3,412.15`|
`576,825.19`|
`( 261,979)`|
|`Net Movementin Funds`||
`573,413.04`|
`3,412.15`|
`576,825.19`|
`(261,979)`|
|`Reconciliation of funds`||||||
|`Total funds brought forward`||`3,343,192.57`|`405,356.37`|`3,748,548.94`|`4,010,528`|
|`Total funds carried forward`|
|
`3,916,605.61`
|
`408,768.52`
|
`4,325,374.13`
|
`3,748,549`
|
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||`Notes`||`2021`||`2020`|
|---|---|---|---|---|---|
|`Fixed assets`||||||
|`Listed investments at market value (page 44)`|||`4,292,425.00`||`3,446,484`|
|`Total fixed assets`|||`4,292,425.00`||`3,446,484`|
|`Current assets`||||||
|`Cashat bank and in hand`
`Net current assets`||`32,949.13`|`32,049.13`|`302,065`|`302,065`|
|`Total net assets`|||`4,325,374.13`||`3,748,549`|
|`The fundsofthe charity`||||||
|`Expendable endowmentfunds`|||`3,916,605.61`||`3,343,193`|
|`Unrestricted income funds`|||`408,768.52`||`405,356`|
|`Total Funds`|||`4,325,374.13`||`3,748,549`|
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|`3. `|`Investment income`|`2021`|`2020`|
|---|---|---|---|
|||`£`|`£`|
||`Dividends`|`67,910.94`|`88,034`|
||`Deposit interest`|`101.21`|`849`|
|||`68,012.15`|`88,883`|
|`4. `|`Charitable activities`|`2021`|`2019`|
|||`£`|`£`|
||`Charitableactivities`|`64,600.00`|`55,863`|
||`The breakdownofcharitableactivities is as follows:`|||
|||`2021`|`2020`|
|||`£`|`£`|
||`Grants - see page 13`|`58,000.00`|`50,000`|
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|`Governancecosts`|`2021`|`2020`|
|---|---|---|
||`£`||
|`Unrestricted income funds`|||
|`Accountant's charges`|`4,800.00`|`4,560`|
|`Independentexamination fees`|`1,800.00`|`1,200`|
|`Bank charges`|`:`|`103`|
||`6,600.00`|`5,863`|
|`Total Charitable activities`|`64,600.00`|`55,863`|
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||||
|---|---|---|
|`f raising funds`|`2021`|`2020`|
||`£`|`ie`|
|`Investment management charges`|`20,441.31`|`20,144`|
|`asset investments`|`2021`|`2020`|
|---|---|---|
||`£`|`£`|
|`Marketvalue at 5 April 2020`|`3,446,484.00`|`3,905,595`|
|`Additions`|`3,243,658.59`|`2,435,110`|
|`Disposals`|`( 2,991,754.71)`|`(2,618,464)`|
|`Net realised investment gains/(losses)`|`332,137.59`|`30,647`|
|`Net unrealised investment gains/(losses)`|`261,899.53`|`(306,404)`|
|`Marketvalue at 5 April 2021`|`4,292,425.00`|`3,446,484`|
|`Historical cost at 5 April 2021`|`4,146,739`|`3,598,108`|
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||||`Fixed`|`Net Current`||
|---|---|---|---|---|---|
||||`Assets`|`Assets`|`Total`|
||||`£`|`£`|`£`|
|`Expendable `|`Endowment `|`Funds`|`3,916,605.61`|`-`|`3,916,605.61`|
|`Unrestricted `|`Funds`||
`375,819.39`|
`32,949.13`|
`408,768.52`|
||||
`4,292,425.00`
|
`32,949.13`
|
`4,325,374.13`
|
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|||`Expendable`|`Unrestricted`||
|---|---|---|---|---|
|||`Capital`|`Income`|`2020`|
||`Notes`|`Funds`|`Funds`|`Total`|
|||`£`|`£`|`£`|
|`Income and endowments from`|||||
|`Investment income`|`3`|`-`|`88,883`|`88,883`|
|`Total income and endowments`||
`:`|
`88,883`|
`88,883`|
|`Expenditure on`|||||
|`Costs of raising funds`|||||
|`Investment managementcosts`|`5`|`20,144`|`-`|`20,144`|
|`Charitable activities`|`4`|`-`|`55,863`|`55,863`|
|`Total expenditure`||
`20,144`|
`55,863`|
`76,007`|
|`Net gains/(losses) on investments`|`6`|`( 275,756)`|`-`|`(275,756)`|
|`Net gains/(losses) on currency exchanges`||`901`|`-`|`901`|
|||
`(274,855)`|
`-`|
`(274,855)`|
|`Net Income/(expenditure)`||
`(294,999)`|
`33,020`|
`(261,979)`|
|`Net Movementin Funds`||
`(294,999)`|
`33,020`|
`(261,979)`|
|`Reconciliation of funds`|||||
|`Total funds brought forward`||
`3,638,192`|
`372,336`|
`4,010,528`|
|`Total funds carried forward`|
|
`3,343,193`
|
`405,356`
|
`3,748,549`
|
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|`. Charitable donations`|||
|---|---|---|
||`£`|`£`|
||`2021`|`2020`|
|`999 Group`|`2,500.00`|`2,000.00`|
|`Action on Addiction`|`2,000.00`|`=`|
|`AnneFrankTrust`|`1,000.00`|`1,000.00`|
|`British Friends of Rambah Medical Centre`|`1,000.00`|`1,000.00`|
|`Farmsfor City Children`|`2,000.00`|`2,000.00`|
|`Dreamstore`|`-`|`2,000.00`|
|`Integrated Neurological Services`|`2,500.00`|`2,000.00`|
|`Irene Taylor Trust`|`2,500.00`|`2,000.00`|
|`Jewish Association for the MentallyIII`|`2,000.00`|`2,000.00`|
|`Jewish Blind and Disabled`|`1,000.00`|`1,000.00`|
|`Jewish Care`|`12,000.00`|`11,000.00`|
|`London Symphony Orchestra`|`2,500.00`|`2,000.00`|
|`Medical Engineering Resource Unit`|`2,000.00`|`2,000.00`|
|`Meningitis Research Foundation`|`2,500.00`|`2,000.00`|
|`New Horizon Youth Centre`|`3,500.00`|`3,000.00`|
|`Nightingale House`|`2,500.00`|`2,000.00`|
|`Ocean Youth Trust South`|`1,000.00`|`a`|
|`Operation Wheelchairs Committee`|`1,000.00`|`1,000.00`|
|`PALS`|`2,000.00`|`2,000.00`|
|`QuakerSocial Action`|`3,500.00`|`3,000.00`|
|`Revitalise`|`2,000.00`|`2,000.00`|
|`Step 2 Recovery`|`2,000.00`|`=`|
|`The Brandon Centre`|`3,000.00`|`3,000.00`|
|`Worshipful Companyof Barbers`|`2,000.00`|`2,000.00`|