| CONTENTS | Page | |||
|---|---|---|---|---|
| Legal and administrative | information | |||
| Trustees' report |
2-3 | |||
| Trustees' responsibilities |
in relation to the financial | statements | ||
| Independent Auditors' |
report | 5-7 | ||
| Statement offinancial | activities | |||
| Balance sheet | ||||
| Statement ofCash Flows | 10 | |||
| Notes to the financial | statements | 11-17 |
| Note | 2022 | 2021 | |||
|---|---|---|---|---|---|
| f, | |||||
| Income and endowments | from: | ||||
| Donations | 2,500,461 | ||||
| Investments | 46,391 | 51,423 | |||
| Total incotue | 46,391 | 2,551,884 | |||
| Expenditure on: |
|||||
| Charitable activities |
6 | 195,123 | 72,021 | ||
| Other | 988 | 181 | |||
| Total expenditure | 196,111 | 72,202 | |||
| Gains on investment | assets | 20,446 | 686,349 | ||
| Net (expenses)/income | 5 | (129,274) | 3,166,031 | ||
| Reconciliation offunds |
|||||
| Total funds brought | forward | 5,635,689 | 2,469,658 | ||
| Total funds carried | forward | 5,506,415 | 5,635,689 |
| The Sir John Ritblat Family Foun BALANCE SHEET 5 April 2022 |
dation | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Note | |||
| FIXEDASSETS | |||
| Fixed asset investments | 7 | 3,015,214 | 2,984,076 |
| CURRENT ASSETS | |||
| Cash at bank | 2,498,401 | 2,655,213 | |
| CREDITORS: AMOUNTS FALLING DUE | |||
| WITHIN ONE YEAR | 8 | (7,200) | (3,600) |
| NET CURRENT ASSETS | 2,491,201 | 2,651,613 | |
| NET ASSETS | 5,506,415 | 5,635,689 | |
| THE FUNDS OF THE CHARITY | |||
| Endowment funds |
|||
| Unrestricted funds |
10 | 5,506,415 | 5,635,689 |
| 5,506,415 | 5,635,689 |
| Note | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| Net cash provided used in |
operating | activities | 11 | (192,511) | (75,599) | ||
| Cash flows from investing | activities: | ||||||
| Dividends and interest from |
investments | 46,391 | 51,423 | ||||
| Proceeds from sale ofinvestments | 2,502,183 | ||||||
| Purchase ofinvestments | 974 | ||||||
| Foreign exchange (loss)/gain |
(10,692) | 4,989 | |||||
| Net cash provided by investing activities |
35,699 | 2,559,569 | |||||
| Change in cash at bank and |
in hand | in the reporting | period | (156,812) | 2,483,970 | ||
| Cash at bank and in hand at | 6 April | 2,655,213 | 171,243 | ||||
| Cash at bank and in hand at | 5 April | 2,498,401 | 2,655,213 |
| 4. | INCOME FROM INVESTMENTS | INCOME FROM INVESTMENTS | INCOME FROM INVESTMENTS | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| f. | ||||||
| Dividends received |
46,353 | 51,423 | ||||
| Bank interest received | 38 | |||||
| 46,391 | 51,423 | |||||
| NET INCOME FORTHE |
YEAR | 2022 | 2021 | |||
| Net income is stated atter charging: | ||||||
| Governance costs: |
||||||
| Independent audit fee |
3,600 | 3,480 | ||||
| Legal and professional fees |
5,960 | |||||
| 3,600 | 9,440 | |||||
| CHARITABLE ACTIVITIES | 2022 | 2021 | ||||
| GRANT EXPENDITURE | ||||||
| British Friends ofthe Art Museums | ofIsrael | 1,000 | ||||
| British Ski and Snowboard | National | Foundation | 20,000 | |||
| Cancer Research | 200 | |||||
| Central Synagogue |
250 | |||||
| Chichester Festival Theatre |
500 | |||||
| DALAID | 5,000 | |||||
| Fondation Princess Charlene |
de Monaco | 462 | ||||
| Friends ofthe South Downs | 35 | |||||
| Hyde Tennis Club | 500 | |||||
| Jewish Interactive | 18,073 | |||||
| Landaid | 250 | |||||
| London Musical Theatre Orchestra | 5,000 | |||||
| Make-A-Wish | 500 | |||||
| National Arts Collection Fund |
2,112 | 2,112 | ||||
| StGeorge's Hospital | 90 | |||||
| The British Institute ofFlorence | 500 | |||||
| The Crescent Trust | 5,000 | |||||
| The Design Museum | 4,600 | 4,600 | ||||
| The Garden Museum | 5,000 | |||||
| The Gold Standard Charitable |
Trust | 14,000 | 2,500 | |||
| Total carried forward | 59,785 | 32,499 |
| O or |
TES the |
FORMING PART OF THE FINANCIAL STATEM year ended 5 April 2022 |
ENTS | |
|---|---|---|---|---|
| 6. | CHARITABLE ACTIVITIES (continued) | 2022 | 2021 | |
| Total brought forward |
59,785 | 32,499 | ||
| The Henry Jackson Society | 25,000 | 25,000 | ||
| The Royal Institute of Great Britain | 665 | 665 | ||
| United Synagogue | 81,073 | 4,418 | ||
| Weizmann UK |
25,000 | |||
| 191,523 | 62,582 | |||
| The total number ofgrants was 16(2021:21) to institutions | and none (2021:none) to | individuals. | ||
| GOVERNANCE COSTS | ||||
| Independent audit fee Legal and professional fees |
3,600 | 3,480 5,960 |
||
| 3,600 | 9,440 | |||
| TOTAL CHARITABLE ACTIVITIES | 195,123 | 72,022 | ||
| 7. | FIXEDASSET INVESTMENTS | 2022 | 2021 | |
| f. | ||||
| Market value at 6April | 2,984,076 | 2,305,412 | ||
| Donation received ofsecurities | 2,500,461 | |||
| Add additions at cost |
(974) | |||
| Less disposals at carrying value Net gain on disposals Net gain/(loss) on revaluation |
31,138 | (2,502,183) 1,722 679,638 |
||
| 3,015,214 | 2,984,076 | |||
| Historical cost at 5 April | 2,801,423 | 2,801,423 |
| 8. | CREDITORS | —Atnounts | falling | due | within | one | year | 2022 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| Accruals | 7,200 | 3,600 |
| At 6 April | Reclassiftcation | At | 5 April |
|---|---|---|---|
| 2021 | to unrestricted | 2022 | |
| funds | |||
| At 6April | Reclassification | At | 5 April |
| 2020 | to unrestricted | 2021 | |
| funds | |||
| 354,195 | (354,195) |
| At 6 April | Income | Expenditure | Inveshnent | Reclassification | At 5 Apn1 | |
|---|---|---|---|---|---|---|
| 2021 | gains | from Endowment f |
2022 | |||
| Unrestricted | 5,635,689 | 46,391 | (196,111) | 20,446 | 5,506,415 | |
| funds | ||||||
| At 6April | Income | Expenditure | Investment | Reclassification | At 5 April | |
| 2020 | gains | trom | 2021 | |||
| Endowment Z |
||||||
| Unrestricted | 2,115,463 | 2,551,884 | (72,202) | 686,349 | 354,195 | 5,635,689 |
| funds |
| For the | year ended 5 April | 2022 | ||
|---|---|---|---|---|
| 11. | RECONCILIATION | OFNET INCOME TO NET CASH FROM | 2021 | 2021 |
| OPERATING ACTIVITIES | ||||
| Net (expenses)/income | for the year | (129,274) | 3,166,030 | |
| Adjustments for: |
||||
| Donation received of |
securities | (2,500,461) | ||
| Gains on invesnnents | (20,446) | (686,349) | ||
| Dividends &om invesnnents |
(46,391) | (51,423) | ||
| Increase/(decrease) in |
creditors | 3,600 | (3,396) | |
| (192,5.1n | (75,599) |