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|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|
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||||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|
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|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|||||||
##
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|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)|