2021-04-05-accounts

Professor Eileen Joyce	- Chair	- Chair
Professor Alastair Compston CBE
Professor Andrew Copp
Professor Denis Talbot
Professor John Witliatns		CBE
Professor Mosbe Oren		—Chair
Professor Yehudit Bergman
Professor Ohad Birk
Professor Liar Gepstein
Professor Yossi Shiioh
37 Ringwood Avenue,	London N2 9NT

		2021	2020
Fixed Income		11.03	14.84
Equities		72.64	77.40
Property		243	1.31
Alternative	Inveshnents	8.02	4.18
Liquid Assets		5.88	2.27

			Notes		2021			2020
Fixed assets
Tangible fixed assets						3.00			3.00
investments					2,	135,293 00			1,850,929.91
					2,135296.00				1,850,93291
Current assets
Debtors			8	2,797.50			2,950.00
Cash at bank				94,355.00			49,772.79
JM Finn deposit and	income account			0.00			31,548.40
Sarasin EtPartners income and investment		account		0.32			0.00
				97,152.82			84,271.19
Liabilities: amounts	faning due within one	year
Grants payable			12	40,500.00			43,886.25
Net current assets						56,652.82			40,384.94
Total assets less current liabilities					2,191,948 82				1,891,317.85
Liabilities: amounts	falling due after one year
Grants payable			12			18,835.68			21.550.00
Total net assets					f2,173,113.14			K1,869,767.85
Total charity funds					82,	173,113.14		f,	1,869,767.85

				Notes	2021	2020
income
Non-Gill aid donations					1,500.00	13,975.00
Gilt aid donations					10,990.00	1],600.00
Gilt aid tax reclaim					2,753.75	1,650.00
Miscellaneous income					993.76	66.06
inoomePom investments:
Dividends from UK Companies					26,257.04	54,942.74
Dividends Irom non-UK	Companies				4,079.63	16,495.34
Gross investment income					42,992.17	33,093.95
Interest from interest bearing		bank accounts			25.06	90.96
interest from interest bearing		broker accounts			15.79
Total income					89,607.20	131,914.05
Expenditure
Cost ofraising funds:
Investment management	charges				5,747.52	I1,852.68
Expenditure on charitable		activities
Grant and Prizes					54,285.68	68,000.00
Supportcosts					22,875.00	28„200.50
Publicity costs					3,174.90	3,184.51
Managesnent and administration			ofcharity		9,672.70	11,274.80
Total expenditure					95,755.80	1.22,512.49
Net income before gains	and losses on investments				(6,148.60)	9,401.56
Net gain/(loss) on investments					309,493.89	(449,328.59)
Net income/(expenditure)	for the year				303,345.29	(439,927.03)
Reconeiliarion offunds
Total funds brought forward					1,869,767.85	2,309,694.88
Total funds carried forward					f2,173,113.14	61,869,767.85

2.	Tangible fixed assets			Computer,	Office
				accessories	Equipmeat	Portrait	Total
	Cost or valuation
	Balance 6April 2020			1,095.96	204.96	1,137.15	2,438.07
	Addittnns for the year
	Balance 5 April 2021			$1,09596	f204.96	EI,137 15	f2,438.07
	Accumulated depreciation
	Balance 6 April 2020			1,094.96	203.96	1,136.15	2,435.07
	Charge for the year
	Balance 5 April 2021						82,435.07
	Net book value 5 April	2021		%1.00	E1.00	JI 00	X3.00
	Net book value 5 April	2020		$1.00	XI.OO	61.00	83.00
3.	Fixed asset investments
	Market value 6 April 2020						1„850,929.91
	Additions during the year		at cost				1,939,908.92
	Dlsposals durtng the year		at market value				(1,965,039.72)
	Realised ~~ins/posses)	on disposals					207,611.47
	Unrealised gains/(losses)		on investments				101,882.42
	Market value 5 April 2021						f2,135,293.00
	Historical costat 5 April		2020				1,815,573.26
	Book value ofadditions						1,939,908.92
	Book value ofdisposals						(1,371,314.26)
	Historical cost at 5April		2021				X2,384,167.92

The Trustees consider individual	The Trustees consider individual	The Trustees consider individual	investment	holdings	in excess of	in excess of	5%ofthe portfolio	value to be material	and they are:
					Value
Smasin Endowment	Funds				2,135,293		100.00
								2021	2020
Grants &prizes to	individuals
Grants:
Paid to U K.Fellows								30,000.00	39,000.00
Paid to Israeli Fegows								24,285.68	27,500.00
Prizes: Paid to UK Fellow		—The	2019Foulkes Foundation			Medal			1,500.00
								f54,285.68	f68,000.00

							2021	2020
5.	Support costs
	Registrar's Res						22,875.00	22,500.00
	Annual meeting		fk	conference	costs			5,700.50
							$22,875.00	828,200.50
6.	Publicity costs
	Newsletter and	Website expenses					674.90	1,18451
	Foulkes Foundation			Medal publicity			2,500.00	2,000 00
							f3,174.90	63,184.51
7.	Management	and		administration		ofthe charity
	Postage, stationery,			telephone	and fax		723.76	674.64
	Trustee expenses						488.84	2,11241
	Audit fee						3,780.00	3.780.00
	Accountancy fees						4,500.00	4,500.00
	Bardt charges						18010	207.75
							19,672.70	6I1,274.80
8.	Debtors
	Tax reclaimed	from		gift aid donations			2,747.50	7,900.00
	Cash float						50.00	50.00
							f2.797.50	f2,950.00

		United
		Kingdom	Israeli
		Grants	Grants	Total
Balance brought forward- committed
Amounts falling due	within one year	(23,600.00)	(20,286.25)	(43,886.25)
A&nounts falling due	atter more than one year	(13,050.00)	(8,500.00)	(21,550.00}
Grants commencing	30September 2017	ou100.00	1,286.25	3,3S625
Grants commencing	30 September 2018	6,100.00	7,00000	13,100.00
Grants commencing	30 September 2019	15&400.00	12,000.00	27,400.QO
Grants commencing	30 September 2020	9,000.00	7,500.00	16,500.00
Balance carri edforward —committed
Amounts falling due	within one year	23,000.00	17,5OQ.OO	40,500.00
Amounts falling due	atter more than one year	iI,QSO.OO	7,785.68	18,835.68
		f30,000.00	f24,285.68	654,285.68
Curren& commitments	&o Fellows osot5April 2021
		United
		Kingdom	Israeli
		Grants	Greats	Total
Grants commencing	30September 2017
Last payments falling	due on 30June 2020
Grants commencing	30Septembe&. 2018
Last payments falling	due on 30 June 2020
Last payments falling	due on 30 June 2021	1,000.00	1,500.00	2,500.00
Grants corn&nencing	30September 2019
Last payments falling	due on 30June 2021	1,800.00	2,000.00	3,800.00
Last payments fanin	due on 30 June 2022	10,250 OO	5,000.00	15,250 OQ
Grants commencing	30September 2020
Last payments falling	due on 30Juoe 2022	7,500.00	7,142.90	14,642.90
Last payments falling	due on 30June 2023	13,5QO.OO	9,642.78	23,142.78
Total current commitments		f34,050.00	$25,285.68	F9,335.68
Amounts falling due	within one year	823 000.00	f17,500.00	f&t0,500.00
Amounts falling due	alter more than one year	811,050.00	%7,785.68	f18,835.68

																										E
																										tt
																										E
	0
E	'
															N
							0	0								c	E			I	C0		0	04
																						0
			EtJ				0 0	d											0
		I0
																									0
			Ez
										0														0
																		0				C'
													0	0				K
			C
			E
				C'
	0
	'C					0	0											0		C
			E
			K
																						0
						0																E
				0	I 0	0			0 W			0		II 0		0				'00			N'00		'00
									tt													0
									Ct
											2	0

				0—i												0 C
				)												EI'
				IC
																C
				)
				I												'C
				0 e
				0 CI
	0						C
0	Z							I		W
0 Z	0 0 Z W0	Z W I,		E				C					C
	WW			'Z
	z I 0	IC				00 C 0	0 (	0 C	0 C	0 0		0			0
						0				0				O
	0 CI
				Z
			0
			E
			E =
			C
			'C
						0
				Z
							)						WI
							Z							Z
						0	0		0				H	6
											C			0
							C
														E
					E Z	2	Vl				IJ
							OO

														0
					0
					5
			E
										N
					Z.
					Og
					X
							0
					IC Oc
							O										5
								I									C
	IC
	Ãtt0															0
0	0
P.							0	0
I th	Q t~	0 0					8
0	0	a						C
g i					0						0
	Cl									p.		0 o	I
	00
										C	0	0	CC
			8	=
				'5				I
							0
					Z
								0
								CO
										'5					'l
						0		5							0	CN
														E00		0 Il
						0			Cl 0	0