| PAGE | |||
|---|---|---|---|
| Trustees' annual report |
|||
| Independent examiner's |
report to the trustees | ||
| Statement offinancial | activities | ||
| Statement offinancial | position | ||
| Notes tothe financial | statements |
| YE | ARENDED | 30JUN | E 2022 | E 2022 | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | ||||||
| Income and endowments | ||||||
| Donations and legacies |
4 | 244,000 | 244,000 | 151,300 | ||
| Investment income |
5 | 125 | 125 | 177 | ||
| Total income | 244,125 | 244,125 | 151,477 | |||
| Expenditure | ||||||
| Expenditure on charitable |
activities | 6,7 | (293,357) | (293,357) | (120,307) | |
| Total expenditure | (293,357) | (293,357) | (120,307) | |||
| Net gain/(loss)on investments |
10 | 16,525 | 16,525 | (131,000) | ||
| Net expenditure and net |
movement | in funds | (32,707) | (32,707) | (99,830) | |
| Reconciliation offunds |
||||||
| Total funds brought forward | 1,299,929 | 1,299,929 | 1,399,759 | |||
| Total funds carried forward | 1,267,222 | 1,267,222 | 1,299,929 |
| Note | 2022 | g | 2021 f |
|||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Investments | 14 | 865,149 | 848,624 | |||
| CURRENT ASSETS | ||||||
| Debtors | 16 | 176,000 | 175,500 | |||
| Cash at bank and in hand | 2271873 | 277,245 | ||||
| 403)873 | 452,745 | |||||
| CREDITORS: amonnht | faUing due | |||||
| within one year | 17 | (1,800) | (1)440) | |||
| NET CURRENT ASSETS | 402,073 | 451,305' | ||||
| TOTAL ASSETSLESS | CURRENT | |||||
| LIABILITIES | I/67)222 | 1,299,929 | ||||
| NET ASSETS | 1367422 | 1499,929 | ||||
| FUNDS OFTHE CHARITY | ||||||
| Unrestricted funds |
1,267,222 | i399,929 | ||||
| Total charity funds | 1,267,222 | 1399,929 |
| DONATIONS AND LEGACIES |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| DONATIONS | ||||
| Tripomen Limited |
205,000 | 205,000 | 145,800 | 145,800 |
| Other donations | 39,000 | 39,000 | 5,500 | 5,500 |
| 244,000 | 244,000 | 151,300 | 151,300 | |
| INVESTMENT INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2022 | Funds | 2021 | |
| Bank interest receivable | 125 | 125 | 177 | 177 |
| EXPEND | ITURE ON CHA | RITABLE ACTIVITIES | BYFUND T | YPE | |
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| Donations | paid | 291,197 | 291,197 | 118,747 | 118,747 |
| Support costs | 2,160 | 2,160 | 1,560 | 1,560 | |
| 293,357 | 293,357 | 120,307 | 120,307 |
| EXPEND | ITURE ON CH | ARITABLE AC | TIVITIE | S BYA | CTIVI | TY TYPE | |
|---|---|---|---|---|---|---|---|
| Grant | funding | Total funds | Total fund | ||||
| of | activities | Support | costs f |
2022 | 2021 f |
||
| Donations | paid | 291,197 | 2,160 | 293,357 | 120,307 |
| 8. | ANALYSIS OF SUPP | ORT COSTS | ||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| costs | Total 2022 | Total 2021 | ||||
| Governance costs |
2,160 | 2,160 | 1,440 | |||
| 9. | ANALYSIS OF GRANTS | |||||
| Academy for Talmud | 10,000 | |||||
| Amud Hatzdokoh Trust |
19,028 | |||||
| BCTrust | 14,500 | |||||
| Chasdei Aharon Ltd | 20,000 | |||||
| Chasdei Sholom | 15,000 | |||||
| Friends ofBeer Miriam | 17,500 | |||||
| Gateshead Talmudical |
College | 20,000 | ||||
| Kollel Rabinow (divre | Shir) Foundation | London | 20,000 | |||
| Marbeh Torah Trust | 20,000 | |||||
| Mesilla Talmudical College |
10,000 | |||||
| Mifal Tzedoko Vochesed Ltd | 15,000 | |||||
| Notzar Chesed | 10,000 | |||||
| The Friends ofYeshivas Brisk | 12,500 | |||||
| The Kollel Bnei Yissochor | 25,000 | |||||
| Donations below f10,000 | 62,669 | |||||
| Total | 291,197 |
| Donations Total |
below f10,000 | below f10,000 | 62,669 291,197 |
62,669 291,197 |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| All grants | are for charitable | purposes | relating | to the | relief of poverty | or the advancement of |
|||||
| Jewish education. | |||||||||||
| NET GAIN/(LOSS)ON | INVESTMENTS | ||||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||
| Funds | 2022 | Funds | 2021 | ||||||||
| Revaluation | gain/(loss) | on listed | |||||||||
| investments | 525 | 525 | |||||||||
| Revaluation | gain/(loss) | on shares in | |||||||||
| group undertakings | 16,000 | 16,000 | (131,000) | (131,000) | |||||||
| 16,525 | 16,525 | (131,000) | (131,000) | ||||||||
| INDEPENDENT EXAMINATION | FEES | ||||||||||
| 2022 | 2021 | ||||||||||
| Fees payable to the independent | examiner for: | ||||||||||
| Independent | examination | ofthe | financial | statements | (1,800) | (1,440) |
| Shares in | ||||
|---|---|---|---|---|
| Listed | group | |||
| investments | undertakings | Total | ||
| 6 | ||||
| Cost or valuation | ||||
| At 1 July 2021 | 4,624 | 844,000 | 848,624 | |
| Fair value movements | 525 | 16,000 | 16,525 | |
| At 30June 2022 | 5,149 | 860,000 | 865,149 | |
| Impairment | ||||
| At 1July 2021 and 30June 2022 | ||||
| Carrying amount | ||||
| At30 June2022 | 5,149 | 860,000 | 865,149 | |
| At 30June 2021 | 4,624 | 844,000 | 848,624 | |
| All investments | shown above are held at valuation. |
| Country of | Percentage of | ||||
|---|---|---|---|---|---|
| Company No. | incorporation | Class ofshare | shares held | ||
| Subsidiary | undertaking | ||||
| Tripomen | Limited | 01155022 | England | Ordinary | 100 |
| Fixed Assets | 860,000 |
|---|---|
| Current Assets | 198,049 |
| Current Liabilities | (6,115) |
| Net Current Assets | 191,934 |
| Provisions | (192,000) |
| Net Assets | 859,934 |
| Capital and reserves | 859,934 |
| Turnover | 228,177 | ||
|---|---|---|---|
| Cost ofSales | (27,785) | ||
| Gross Profit | 200,392 | ||
| Administrative | expenses | (6,494) | |
| Net valuation property |
gain | on investment | 17,000 |
| Interest receivable | and other similar | ||
| income | 2 | ||
| Tax on profit | (49,000) | ||
| Profit for the | financial year | 161,900 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Tax recoverable | 1,000 | 500 | |||
| Charitable | Loan | 175,000 | 175,000 | ||
| 176,000 | 175,500 | ||||
| 17. | CREDITORS: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| Accruals | and deferred income | 1,800 | 1,440 |
| Unrestricted funds |
|||||
|---|---|---|---|---|---|
| At | Gains and | At | |||
| 1 July 2021 | Income | Expenditure | losses 30 | June 2022 | |
| General funds | 1,299,879 | 244,125 | (293,357) | 16,525 | 1,267,172 |
| Trust Capital | 50 | 50 | |||
| 1,299,929 | 244,125 | (293,357) | 16,525 | 1,267,222 | |
| At | Gains and | At | |||
| 1 July 2020 | Income | Expenditure | losses 30 | June 2021 | |
| f. | |||||
| General funds | 1,399,709 | 151,477 | (120,307) | (131,000) | 1,299,879 |
| Trust Capital | 50 | 50 | |||
| 1,399,759 | 151,477 | (120,307) | (131,000) | 1,299,929 |
| Unrestricted | Total Funds | |||
|---|---|---|---|---|
| Funds | 2022 | |||
| Investments | 865,149 | 865,149 | ||
| Current assets | 403,873 | 403,873 | ||
| Creditors | less than | 1 year | (1,800) | (1,800) |
| Net assets | 1,267,222 | 1,267,222 | ||
| Unrestricted | Total Funds | |||
| Funds | 2021 | |||
| Investments | 848,624 | 848,624 | ||
| Current assets | 452,745 | 452,745 | ||
| Creditors | less than | 1 year | (1,440) | (1,440) |
| Net assets | 1,299,929 | 1,299,929 |
| FINANCIAL INST | RUMENTS | RUMENTS | |||||
|---|---|---|---|---|---|---|---|
| The carrying amount |
for each category offinancial | instrument | is as follows: | ||||
| 2022 | 2021 | ||||||
| Financial assets measured | at fair value through | income and | expenditure | ||||
| Financial assets measured at |
fair value through income |
and | |||||
| expenditure | 865,149 | 848,624 | |||||
| Financial assets that are debt instruments measured |
at amortised | cost | |||||
| Financial assets that | are debt | instruments measured |
at | amortised | |||
| cost | 403,873 | 452,745 | |||||
| Financial liabilities | measured at amortised cost |
||||||
| Financial liabilities | measured | at amortised cost | 1,800 | 1,440 |