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||||||||||Unrestricted|Unrestricted|funds|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||General||Designated|2021|2020|
||||||||Notes||funds||funds|Total|Total|
|Income|||||||||E||E|F||
|Investment<br>income||||||||||||||
|- Rental income||||||||2|9,322,877|||9,322,877|10,146,215|
|- Bank interest|||||||||4,575|||4,575|22,753|
|- Dilapidations|||||||||517,500|||517,500|18,765|
|Total income|||||||||9,844,952|||9,844,952|10,187,733|
|Expenditure||||||||||||||
|Costs ofraising||funds||||||3|1,144,575|||1,144,575|1,403,726|
|Charitable<br>activities||||||||4|6,327,075|||6,327,075|6,559,070|
|Total expenditure|||||||||7,471,650|||7,471,650|7,962,796|
|Net losses on|property||||investments|||||||||
|Realised loss on||disposal|||of investment||property||(3,000,000)|||(3,000,000)||
|Unrealised<br>loss|on||revaluation|||of||||||||
|investment<br>properties||||||||7|||(5,009,607)|(5,009,607)|(3,930,900)|
|Net expenditure|||||||||(626,698)||(5,009,607)|(5,636,305)|(1,705,963)|
|Transfers<br>between|||funds||||||19,384,962|(19,384,962)||||
|Net movement||in|funds||||||18,758,264|(24,394,569)||(5,636,305)|(1,705,963)|
|Reconciliation|of||funds:|||||||||||
|Fund balances|brought|||forward|||||7,838,329|204,307,351||212,145,680|213,851,643|
|Fund balances||carried||forward|||||26,596,593|179,912,782||206,509,375|212,145,680|





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## 

|||||||Unrestricted|Unrestricted|funds|||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||General||Designated|2020|2019|
|||||Notes||funds||funds|Total|Total|
|Income|||||||||||
|Investment<br>income|||||||||||
|- Rental income|||||2|10,146,215|||10,146,215|8,829,681|
|- Bank interest||||||22,753|||22,753|87,182|
|- Dilapidations||||||18,765|||18,765||
|Total income||||||10,187,733|||10,187,733|8,916,863|
|Expenditure|||||||||||
|Costs ofraising||funds|||3|1,403,726|||1,403,726|1,047,131|
|Charitable<br>activities|||||4|6,559,070|||6,559,070|6,682,754|
|Total expenditure||||||7,962,796|||7,962,796|7,729,885|
|Net losses on|property||investments||||||||
|Unrealised<br>loss||on revaluation||of|||||||
|investment<br>properties||||||||(3,930,900)|(3,930,900)|(7,935,693)|
|Net income I(expenditure)||||&Net movement|||||||
|in funds||||||2,224,937||(3,930,900)|(1,705,963)|(6,748,715)|
|Reconciliation||offunds:|||||||||
|Fund balances|brought||forward|||5,613,392|208,238,251||213,851,643|220,600,358|
|Fund balances||carried|forward|||7,838,329|204,307,351||212,145,680|213,851,643|





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## 

|||||Notes|2021f|2020|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets||||7|178,530,082|203,580,264|
|Programme<br>related||investments||8a|1,382,700|1,382,700|
||||||179,912,782|204,962,964|
|Current assets|||||||
|Debtors|||||4,858,733|5,209,077|
|Cash at bank,|including||deposits||23,514,627|4,835,426|
||||||28,373,360|10,044,503|
|Creditors: amounts||falling due within one year||10|(1,776,767)|(2,861,787)|
|Net current assets|||||26,596,593|7,182,716|
|Total assets|less current liabilities||||206,509,375|212,145,680|
|Net assets|||||206,509,375|212,145,680|
|Unrestricted|funds||||||
|Designated<br>funds||||11a|179,912,782|204,307,351|
|General funds||||12a|26,596,593|7,838,329|
||||||206,509,375|212,145,680|





## 

## 

||||||Notes|2021|2020|
|---|---|---|---|---|---|---|---|
||||||||E|
|Fixed assets||||||||
|Tangible assets|||||7|178,530,082|203,580,264|
|Investments:|Programme|||related|8b|1,382,700|1,382,700|
||Other||||8b|2|2|
|||||||179,912,784|204,962,966|
|Current assets||||||||
|Debtors||||||4,858,733|5,209,077|
|Cash at bank,|including||deposits|||23,514,627|4,835,426|
|||||||28,373,360|10,044,503|
|Creditors: amounts||falling due within one year|||10|(1,776,769)|(2,861,789)|
|Net current assets||||||26,596,591|7,182,714|
|Total assets|less current|||liabilities||206,509,375|212,145,680|
|Net assets||||||206,509,375|212,145,680|
|Unrestricted|funds|||||||
|Designated<br>funds|||||11b|179,912,782|204,307,351|
|General funds|||||12b|26,596,593|7,838,329|
|||||||206,509,375|212,145,680|





## 

## 

|||||Notes|2021|2020|
|---|---|---|---|---|---|---|
|||||||E|
|Cash flows from operating|activities:||||||
|Net cash provided<br>by operating<br>activities||||14a|1,634,233|1,331,330|
|Cash flows from investing|activities:||||||
|Interest receivable<br>&other|income||||4,575|22,753|
|Purchase of property,<br>plant|and equipment||||(1,359,607)|(580,900)|
|Proceeds ofsale of property,|plant and equipment||||18,400,000||
|Purchase ofprogramme<br>related<br>investments||||||(75,000)|
|Net cash provided<br>by/(used<br>in) investing||activities|||17,044,968|(633,147)|
|Change<br>in cash and cash equivalents<br>in the||reporting|period||18,679,201|698,183|
|Cash and cash equivalents|at the beginning|ofthe period|||4,835,426|4,137,243|
|Cash and cash equivalents|at the end of|the reporting||period|23,514,627|4,835,426|





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## 

|Invest|ment<br>income - Rental inc|ome||||
|---|---|---|---|---|---|
||||Group||Company|
|||2021|2020|2021|2020|
||||E|||
|Rents|receivable|9,322,877|10,146,215|9,322,877|10,146,215|
|Total|rental income|9,322,877|10,146,215|9,322,877|10,146,215|





## 

## 

|Costs of raising funds|Costs of raising funds|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group|||Company|
||||||2021||2020|2021|2020|
|Property expenses|||||||E|||
|Repairs, rates and other||non-||||||||
|rechargeable<br>property|expenses||||2,151,731|1,081,173||2,151,731|1,081,173|
|Recovery ofexpenses|previously|||expensed|(1,868,580)|(524,777)||(1,868,580)|(524,777)|
||||||283,151||556,396|283,151|556,396|
|Property management||expenses||||||||
|Agents'<br>management|fees not||recoverable||333,895||383,945|333,895|383,945|
|Agents'<br>rent review and||letting|fees||392,187||324,978|392,187|324,978|
|Legal expenses|||||135,342||138,407|135,342|138,407|
||||||861,424||847,330|861,424|847,330|
|Total property expenses|||||1,144,575|1,403,726||1,144,575|1,403,726|
|Charitable<br>activities||||||||||
|||||||Group|||Company|
||||||2021||2020|2021|2020|
||||||||F|F||
|Grants payable (see note 5)|||||6,110,600|6,330,443||6,110,600|6,330,443|
|Indemnity<br>Insurance|||||35,500||18,997|35,500|18,997|
|Consultancy<br>and professional|||fees||70,261||93,012|70,261|93,012|
|General office expenditure|||||56,606||60,605|56,606|60,605|
|Sundry expenses|||||324||4,311|324|4,311|
|Depreciation|||||182||287|182|287|
|Governance<br>costs (see||note 6)|||53,602||51,415|53,602|51,415|
||||||6,327,075|6,559,070||6,327,075|6,559,070|





## 

## 

|Grants payable||||||||
|---|---|---|---|---|---|---|---|
||||||Group||Company|
|||||2021|2020|2021|2020|
||||||F||E|
|The Charles Wolfson|Charitable||Trust|5,800,000|6,300,000|5,800,000|6,300,000|
|In relation to medicine||||4,600|4,443|4,600|4,443|
|In relation to education|||||3,000||3,000|
|In relation to welfare||||306,000|23,000|306,000|23,000|
|||||6,110,600|6,330,443|6,110,600|6,330,443|
|An analysis ofgrants|paid|in the|year is as follows:|||2021f|2020|
|Education||||||||
|Grants made ofless than||E5,000|||||3,000|
|Medicine||||||||
|Grants made ofless than||E5,000||||4,600|4,443|
|Welfare||||||||
|Grants made of between||F5,000 and E9,999||||6,000||
|Grants made of between||F10,000 and 849,999|||||23,000|
|Grants made ofmore|than F50,000|||||||
|Jewish Care||||||200,000||
|Work Avenue||||||100,000||
|||||||310,600|30,443|
|Governance costs||||||||
||||||Group||Company|
|||||2021|2020|2021|2020|
|||||F|F|f||
|Audit fees||||53,602|51,415|53,602|51,415|





## 

## 

## 

|Tangible fixed assets||||
|---|---|---|---|
|Group and Company|Investment|Office and||
||properties|office||
||Freehold|equipment|Total|
||F|F|F|
|Cost or valuation||||
|At 6April 2020|203,580,000|142,876|203,722,876|
|Additions|1,359,607||1,359,607|
|Disposal|(21,400,000)||(21,400,000)|
|Net loss on revaluation|(5,009,607)||(5,009,607)|
|At 5April 2021|178,530,000|142,876|178,672,876|
|Depreciation||||
|At 6April 2020||142,612|142,612|
|Charge for the year||182|182|
|At 5April 2021||142,794|142,794|
|Net book value||||
|At 5April 2021|178,530,000|82|178,530,082|
|At 5April 2020|203,580,000|264|203,580,264|



|Ifstated under historical cost principles,<br>th|e comparable<br>amounts<br>for the investment<br>properties|would be:|
|---|---|---|
||2021|2020|
||F||
|Cost|98,946,284|123,468,641|





## 

## 

## 

|8.|Investments|||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|8(a)|Group||||||E|
||Cost: programme|related||investments||||
||Brought forward|||||1,382,700|1,307,700|
||Further investments<br>made during the year (see note below)||||||75,000|
||Carried forward|||||1,382,700|1,382,700|
||Programme<br>related investments:|||||||
||Position at end ofyear:|||||||
||Soza Health|||||||
||Share capital: Ordinary||shares|||58|58|
||Otherloan<br>advances|||||1,382,642|1,382,642|
|||||||1,382,700|1,382,700|
||Carried forward|||||1,382,700|1,382,700|
||Movements<br>in year|||||||
||Position at start ofthe year:|||||||
||Soza Health|Limited||—share capital||58|58|
|||||—loan advance||1,382,642|1,307,642|
|||||||1,382,700|1,307,700|
||Change<br>during the year|||||||
||Soza Health|Limited||—share capital||||
|||||—further loan advance|||75,000|
||Movement<br>for the|year|||||75,000|
||Total programme|related||investment|carried forward|1,382,700|1,382,700|





## 

## 

## 

## 

|Company|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2021|||2020|
|Cost|||||||||||||F|||F|
|Interest<br>in group undertakings||||(see|note|below)|||||||2|||2|
|Programme|related investments|||(for detail see||||8(a)|above)|||1,382,700|||1,382,700||
|Carried forward||||||||||||1,382,702|||1,382,702||
|Interest<br>in group undertakings:|||||||||||||||||
|||||||Country of||||Description||Proportion||of nominal<br>value|||
|Name of undertaking|||||incorporation|||||ofshares held|||ofissued|shares||held by|
||||||||||||||Group|||Company|
|Heath Retail|Holdings||Limited|||England||||E1 ordinary|||100%|||100%|
|Heath Retail|One Limited|||||England||||F1 ordinary|||100%|||100%|
|The principal|activity||of Heath|Retail Holdings||||Limited continued|||to be that ofa non-trading<br>holding||||company.||
|Heath Retail|One Limited remained||||dormant||during||the|year as|it sold its properties||to Benesco Charity<br>Limited||||
|on 4 April 2011.|||||||||||||||||
|Debtors||||||||||Group|||Company||||
||||||||||2021||2020||2021|||2020|
||||||||||||F|||||E|
|Due from managing||agents||||||1,171,333|||1,860,787|1,171,333|||1,860,787||
|Rent arrears||||||||1,821,356|||894,114|1,821,356||||894,114|
|Other debtors and prepayments||||||||1,728,366|||2,326,998|1,728,366|||2,326,998||
|Amounts<br>owed from||group undertakings||||||137,678|||127,178||137,678|||127,178|
||||||||4,858,733||||5,209,077|4,858,733|||5,209,077||





## 

## 

## 

||||||||Group||Company|Company|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2021<br>F|2020|2021f|2020|
||Other taxes and social|||security|||30,571|420,936|30,571|420,936|
||Amounts|owed to|group undertakings||||||2|2|
||Accruals and deferred|||income|||1,727,672|2,440,851|1,727,672|2,440,851|
||Other creditors||||||18,524||18,524||
||||||||1,776,767|2,861,787|1,776,769|2,861,789|
||Deferred|income relates to a quarters||||rent|received<br>in advance|and amounted|tof1,552,406 (2020:E2,265,58||
|11.|Designated<br>funds||||||||||
|(a)|Group||||||Property|capital fund|||
||||||||Realised|Unrealised|||
||||||||surplus<br>on|revaluation|2021|2020|
||||||||disposal|fund|Total|Total|
|||||||||E||E|
||At 6April|2020|||||124,195,992|80,111,359|204,307,351|208,238,251|
||Realised|loss on property sale|||in the year||(3,000,000)|3,000,000|||
||Movement|due to|revaluation||in year|||(5,009,607)|(5,009,607)|(3,930,900)|
||Transfers|between|funds||||(20,866,926)|1,481,964|(19,384,962)||
||At 5April|2021|||||100,329,066|79,583,716|179,912,782|204,307,351|
|(b)|Company||||||Property|capital fund|||
||||||||Realised|Unrealised|||
||||||||surplus<br>on|revaluation|2021|2020|
||||||||disposal|fund|Total|Total|
|||||||||E||E|
||At 6April|2020|||||124,195,992|80,111,359|204,307,351|208,238,251|
||Realised|loss on property sale|||in the year||(3,000,000)|3,000,000|||
||Movement|due to|revaluation||in year|||(5,009,607)|(5,009,607)|(3,930,900)|
||Transfers|between|funds||||(20,866,926)|1,481,964|(19,384,962)||
||At 5April|2021|||||100,329,066|79,583,716|179,912,782|204,307,351|



|General|funds|||||
|---|---|---|---|---|---|
|Group||||2021|2020|
||||||E|
|At 6 April|2020|||7,838,329|5,613,392|
|Realised|loss on sale of investment||property|(3,000,000)||
|Transfers|between|funds||19,384,962||
|Net income||||2,373,302|2,224,937|
|At 5April|2021|||26,596,593|7,838,329|





## 

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## 

|12.|General|funds (continued)|funds (continued)|||||
|---|---|---|---|---|---|---|---|
|(b)|Company|||||||
|||||||2021f|2020|
||At 6 April|2020||||7,838,329|5,613,392|
||Realised|loss on sale of investment||property||(3,000,000)||
||Transfers|between|funds|||19,384,962||
||Net income|||||2,373,302|2,224,937|
||At 5April|2021||||26,596,593|7,838,329|
|13.|Analysis|ofnet assets between||funds||||
||||||General|Designated|2021|
||Group 2021||||funds|funds|Totalf|
||Fixed assets|||||179,912,782|179,912,782|
||Current assets||||28,373,360||28,373,360|
||Creditors||||(1,776,767)||(1,776,767)|
||||||26,596,593|179,912,782|206,509,375|
||||||General|Designated|2021|
||Company|2021|||fundsf|funds|Total|
||Fixed assets|||||179,912,784|179,912,784|
||Current assets||||28,373,360||28,373,360|
||Creditors||||(1,776,769)||(1,776,769)|
||||||26,596,591|179,912,784|206,509,375|
||||||General|Designated|2020|
||Group 2020||||funds|funds|Totalf|
||Fixed assets|||||204,962,964|204,962,964|
||Current assets||||10,044,503||10,044,503|
||Creditors||||(2,861,787)||(2,861,787)|
||||||7,182,716|204,962,964|212,145,680|
||||||General|Designated|2020|
||Company|2020|||fundsf|funds|Total|
||Fixed assets|||||204,962,966|204,962,966|
||Current assets||||10,044,503||10,044,503|
||Creditors||||(2,861,789)||(2,861,789)|
||||||7,182,714|204,962,966|212,145,680|





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