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2022-03-31-accounts

Trustees Rev P Morris
Mr R Haffenden
Ms MHuey
Ms R Matherson
Rev BMidgley
DrT Rucinski
Rev JWatterson
Rev PWilliams
Charity number (England and Wales) 271323
Charity number (Scotland) SC041720
Company number 01254746
Registered office 1 Oasis Park
Stanton Harcourt Road
Eynsham
Oxfordshire
OX294TP
Auditor Critchleys
Audit LLP
Beaver House
23-38 Hythe Bridge Street
Oxford
OX12EP
Bankers HSBC
184 High Street
Bromley
Kent
BR1 1HL
Solicitors Wellers
65 Leadenhall Street
London
EC3A 2AD
Investment advisors Brewin Dolphin Securities Ltd
5 Giltspur Street
London
EC1A9BD
Insurance brokers WRS Limited
Cadman
House, off Peartree Road
Stanway, Colchester
C03 ONW

Page
Trustees'
report		 1-3
Statement oftrustees' responsibilities
Independent
auditor's		 report 5-8
Statement offinancial activities 9-10
Balance sheet
Statement ofcash flows 12
Notes to the financial statements 13-27

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2022 2021
Notes
Fixed assets
Intangible
assets
Tangible assets
Investment
properties
investments		 'I2
13
14
15		 354,485
1,175,339
1,330,096		 1,200
475,722
1,030,000
1,308,099
Current assets 2,859,920 2,815,021
Debtors 123,351 115.626
Cash at bank and in hand 756,511 849,636
Creditors: amounts falling due within 879,862 965,262
one year (36,703) (30,519)
Net current assets 843,159 934,743
Total assets less current liabilities 3,703,079 3,749,764
income funds
Restricted
funds
Designated
funds
Unrestricted
funds		 19
20		 302,730
2,070,129
1,330,220		 217,478
2,195,055
1,337,231
3,703,079 3,749,764
The financial statements were approved by the Trustees on ..........g........(.....
i ('Lap&
Rev'
Morris		 Mr R Haffenden
Trustee Trustee

Notes 2022
f		 2021
f
Cash flows from operating
activities
Cash absorbed
by operations		 25 (162,880) (186,458)
Investing
activities
Purchase oftangible
fixed assets		 (1,580) (4,576)
Proceeds from sale ofinvestments 121,770 102,758
Movement of investment
loans and
receivables (9,341)
Purchase ofother investments (106,886) (95,474)
Cash movement
in investments		 (6,033) 1,506
Investment
income received		 71,825 83,595
Net cash generated
from investing
activities 69,755 87,809
Net cash used in financing
activities
Net decrease
in cash and cash equivalents		 (93,125) (98,649)
Cash and cash equivalents
at beginning		 ofyear 849,636 948,285
Cash and cash equivalents
at end of		 year 756,511 849,636

Total Total
2022 2021
E
Donations 1,000,535 1,046,044
Legacies 192,494 65,235

Total Total
2022 2021
f f
Income from listed investments 33,295 33,595
Rental income 38,626 46,829
interest receivable (96) 3,171
71,825 83,595
Total Total
2022f 2021f
Portfolio management 9,487 6,229
Direct costs 48,654 51,568
Property repairs and maintenance 1,768 5,236
Staffcosts 51,702 50,584
Support costs 50,351 44,277
161,962 157,894

Ministry Ministry
' 2022 2021
Staffcosts 539,284 480,559
Other costs 23,426 9,339
562,710 489,898
Grant funding ofactivities (see note 8) 226,052 112,726
Share of support costs (see note 9) 496,346 502,135
Share of governance costs (see note 9) 40,656 35,412
1 325,764 1 140171
Analysis by fund
Unrestricted funds 653,391 663,659
Designated funds 120,265 11,491
Restricted funds 552,108 465,021
1 325764 1 140171
Ministry Ministry
2022f 2021f
Grants to institutions:
HaGefen Publishing, Israel 215,470 100,000
Grants to individuals 10,582 12,726
226,052 112,726

Support costs
Support Governance 2022 Support costs Governance 2021
costs costs costsf
Staffcosts 292,976 25,851 318,827 286,648 26,292 312,940
Staifcosts support 18,004 18,004 34,098 34,098
Premises and
infrastructure 49,922 49,922 63,855 63,855
Legal and professional 16,763 16,763 11,319 11,319
Consultancy 103,150 103,150 57,299 57,299
Other 65,882 65,882 93,193 93,193
Audit fees 10,455 'l0,455 8,850 8,850
Council meetings 4,350 4,350 270 270
546,697 40,656 587,353 546,412 35,412 581,824
Analysed
between
Raising funds 50,351 50,351 44,277 44,277
Ministry 496,346 40,656 537,002 502,135 35,412 537,547
546,697 40,656 587,353 546,412 35,412 581,824

The ave rage monthly
number ofemployees
during the		 year was:
2022 2021
Number Number
Ministry
Support and administration
Total 13 13

11 Employees (Continued) (Continued)
Employment
costs		 2022f' 2021f
Wages and salaries 765,723 746,128
Social security costs 47,854 45,906
Other pension costs 48,118 52,049
861,695 844,083
The number ofemployees whose annual remuneration was more than F60,000
isas follows:
2022 2021
Number Number
860,001 tof70,000
12 Intangible
fixed assets
Computer Software
F
Cost
At 1April 2021 and 31 March 2022 6,000
Amortisation
and impairment
At 1 April 2021 4,800
Amortisation
charged for the year		 1,200
At 31 March 2022 6,000
Carrying amount
At 31 March 2022
At 31 March 2021 1,200

13 Tangible fixed assets
Freehold land Leasehold Figures and Total
and buildings land and fittings
buildings
Cost
At 1 April 2021 479,436 33,486 66,638 579,560
Additions 1,580 1,580
Disposals (119,041) (119,041)
At 31 March 2022 360,395 33,486 68,218 462,099
Depreciation
and impairment
At 1April 2021 14,381 33,486 55,971 103,838
Depreciation charged in the year 4,795 2,552 7,347
Eliminated
in respect		 ofdisposals (3,571) (3,571)
At 31 March 2022 15,605 33,486 58,523 107,614
Carrying amount
At 31 March 2022 344,790 9,695 354,485
At 31 March 2021 465,055 10,667 475,722
The carrying value of land included in land and buildings comprises:
2022 2021
E F
Freehold 344,790 465,055
14 investment property
2022
Fair value
At 1 April 2021 1,030,000
Net gains or losses through fair value adjustments 145,339
At 31 March 2022 1,175,339

15 Fixed asset investments (Continued)
Listed
investments
Cost orvaluation
At 1 April 2021 1,308,099
Additions 106,886
Valuation changes 30,848
Cash movement 6,033
Disposals (121,770)
At 31 March 2022 1,330,096
Carrying amount
At 31 March 2022 1,330,096
At 31 March 2021 1,308,099
Debtors
2022 2021
Amounts falling due within one year: E
Other debtors 9,010 1,655
Long term loans 114,341 105,000
Prepayments and accrued income 8,971
123,351 115,626

Creditors: amounts
falling due within one year
2022 2021
Trade creditors 10,099 7,898
Other creditors 11,890 11,890
Accruals and deferred income 14,714 10,731
36,703 30,519

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Cash generated
fr		 om operatio ns 2022 2021
F
(Deficit)/surpus
for		 the year (46,685) 123,680
Adjustments
for:
Investment
income		 recognised in statement offinancial activities (71,825) (83,595)
Gain on investments (176,187) (226,808)
Depreciation
and impairment
oftangible		 fixed assets 8,547 15,830
Non-cash grants awarded 115,470
Movements
in working capital:
Decrease/(increase) in debtors 1,616 (8,971)
Increase/(decrease) in creditors 6,184 (6,594)
Cash absorbed
by		 operations (162,880) (186,458)