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2021-12-31-accounts

Page
Trustees' annual report
Independent
examiner's		 report to the trustees
Statement offinancial activities
Statement offinancial position
Notes to the financial statements

Y EAR ENDED 31DECE MBER 2021 MBER 2021
2021 2020
Unrestricted
funds Total funds Total funds
Note $ $ $
Income and endowments
Investment income 4 21,070 21,070 24,723
Total income 21,070 21,070 24,723
Expenditure
Expenditure on raising funds:
Investment
management		 costs 5 (8,011) (8,011) (6,631)
Expenditure on charitable activities 6,7 (2,809) (2,809) (1,911)
Total expenditure (10,820) (10,$20) (8,542)
Net gains on investments 132,380 132,380 76,320
Net income and net movement in funds 142,630 142,630 92,501
Reconciliation offunds
Total funds brought forward 1,536,608 1,536,608 1,444, 107
Total funds carried forward 1,679,238 1,679,2381,536,608

STATEM ENT OFFINANCIAL POSITION ENT OFFINANCIAL POSITION
31DECEMBER 2021
2021 2020
Note $ $
Fixed assets
Investments 12 1,281,015 1,129,535
Current
assets
Debtors 13 403,285 403,317
Investments 14 63,000 105,000
Cash at bank and in hand 48,650 15,494
514,935 523,811
Creditors: amounts falling due
within one year 15 (116,712) (116,738)
Net current assets 39$,223 407,073
Total assets less current liabilities 1,679,23$ 1,536,608
Net assets 1,679,23$ 1,536,608
Funds ofthe charity
Unrestricted funds 1,679,238 1,536,608
Total charity funds 16 1,679,238 1,536,608

subsequently
measured
at cost less imp
INVESTMENT INCOME		 airment.
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
$ $ $ $
Interest receivable 325 325
Income from UK quoted investments 3,027 3,027 2,967 2,967
Income from non-UK quoted
invesunents 18,043 18,043 21,431 21,431
21,070 21,070 24,723 24,723

Unrestricted Total Funds Unrestricted Unrestricted Total Funds
Funds 2021 Funds 2020
$ $ $ $
Portfolio management 8,011 8,011 6,631 6,631
6. EXPENDITURE ON CHARITABLE ACTIVITIES BYFUND TYPE
Unrespected Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
$ $ $ $
Support costs 2,809 2&809 1,911 1,911
7. EXPENDITURE ON CHARITABLE ACTIVITIES BYACTIVITY TYPE
Total funds Total fund
Support costs 2021 2020
$ $ $
Governance costs 2,809 2,809 1,911
8. NET INCOME
Net income is stated after charging/(crediting):
2021 2020
$ $
Foreign exchange differences 46 (386)
9. INDEPENDENT EXAMINATION FEES
2021 2020
$ $
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 2,763 2,789

Non-UK
quoted UK quoted
Investments investments Total
$ $ $
Fair value
At 1 January 2021 1,054,363 75,172 1,129,535
Additions 381,401 381,401
Disposals (308,765) (48,990) (357,755)
Fair value movements 122,626 5,208 127,834
At 31December 2021 1,249,625 31,390 1r281,015
Carrying amount
At 31December 2021 1,249,625 31,390 1,281,015
At 31December 2020 1,054,363 75,172 1,129,535

13. DEBTORS
2021 2020
$ $
Other debtors 403,285 403,317
Other debtors include an amount of$400,000(2020:$400,000) due from Midrash Porat Yosef.
14. INVESTMENTS
2021 2020
$ $
Other investments 63,000 105,000
15. CREDITORS: amounts falling due within one year
2021 2020
$ $
Accruals and deferred income 2,763 2,789
Other creditors 113,949 113,949
116,712 116,738

ANALYSIS OFC
Unrestricted
funds		 HARI TA B LE FUNDS
At
At 1 January Gains and 31December
2021 Income Expenditure losses 2021
$ $ $ $ $
General funds 1,536,608 21,070 (10,820) 132,380 1,679,238
At
At 1 January Gains and 31December
2020 Income Expenditure losses 2020
$ $ $ $ $
General funds 1,444,107 24,723 (8,542) 76,320 1,536,608
ANALYSIS OFNET ASSETSBETWEEN FUNDS
Unrestricted Total Funds
Funds 2021
$ $
Investments 1,281,015 1i281,015
Current assets 514,935 514,935
Creditors less than 1year (116,712) (116,712)
Net assets 1,679,23 8 1,679,238
Unrestricted Total Funds
Funds 2020
$ $
Invesunents 1,129,535 1,129,535
Current assets 523,811 523,811
Creditors less than 1 year (1 16,738) (116,738)
Net assets 1,536,608 1,536,608
FINANCIAL INSTRUMENTS
The carrying amount for each category offinancial instrument is as follows:
2021 2020
$ $
Financial assets measured at fair value through income and expenditure
Financial assets measured at fair value through income and
expenditure 1,281,015 1,129,535
Financial assets that are debt instruments measured at amortised cost
Financial assets that are debt instnnnents
measured		 at amortised
cost 403,286 403,317
Financial liabiTities measured at amortised cost
Financial liabilities measured at amortised cost 116,713 116,739

Page
Trustees' annual report
Independent
examiner's		 report to the trustees
Statement offinancial activities
Statement offinancial position
Notes to the financial statements

Y EAR ENDED 31DECE MBER 2021 MBER 2021
2021 2020
Unrespected
funds Total funds Total funds
Note $ $ $
Income and endowments
Investment income 4 16,464 16,464 19,054
Total income 16,464 16,464 19,054
Expenditure
Expenditure on raising funds:
Investment
management		 costs 5 (5,609) (5,609) (4,816)
Expenditure on charitable activities 6,7 (2,797) (2,797) (1,945)
Total expenditure (8,406) (8,406) (6,761)
Net gains on investments 96,798 96,798 51,708
Net income and net movement in funds 104,856 104,856 64,001
Reconciliation
offunds
Total funds brought forward 1,131,415 1,131,415 1,067,414
Total funds carried forward 1,236,271 li236,271 1,131,415

STATEM ENT OF FINANCIAL POSITION ENT OF FINANCIAL POSITION
31DECEMBER 2021
2021 2020
Note $ $
Fixed assets
Investments 12 933,136 828,590
Current
assets
Debtors 13 225,340 225,362
Investments 14 33,000 64,000
Cash at bank and in hand 47,558 16,252
305,898 305,614
Creditors: amounts falling due
within
one year		 15 (2,763) (2,789)
Net current assets 303,135 302,825
Total assets less current liabilities 1,236,271 1,131,415
Net assets 1,236,271 1,131,415
Funds ofthe charity
Unrestricted funds 1,236,271 1,131,415
Total charity funds 16 1,236,271 1,131,415

subsequently
measured
at cost less imp
INVESTMENT INCOME		 airment.
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
$ $ $ $
Interest receivable 82 82
Income from UK quoted investments 3,327 3327 3,286 3,286
Income from Non-UK quoted
investments 13,137 13,137 15,686 15,686
16,464 16,464 19,054 19,054

Unrestricted Total Funds Unrestricted Unrestricted Total Funds
Funds 2021 Funds 2020
$ $ $ $
Portfolio management 5,609 5,609 4,816 4,816
6. EXPENDITURE ON CHARITABLE ACTIVITIES BYFUND TYPE
Unrestricted Total Funds Unresnicted Total Funds
Funds 2021 Funds 2020
$ $ $ $
Support costs 2,797 2,797 1,945 1,945
7. EXPENDITURE ON CHARITABLE ACTIVITIES BYACTIVITY TYPE
Total funds Total fund
Support costs 2021 2020
$ $ $
Support ofMidrash Porat Yosef 34 34 (352)
Governance costs 2,763 2,763 2,297
2,797 2,797 1,945
8. NET INCOME
Net income is stated alter charging/(crediting):
2021 2020
$ $
Foreign exchange differences 34 (352)
9. INDEPENDENT EXAMINATION FEES
2021 2020
$ $
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 2,763 2,789

Non-UK
quoted UK quoted
investments investments Total
$ $ $
Fair value
At 1 January 2021 742,465 86,125 828,590
Additions 276,329 276,329
Disposals (214,238) (51,229) (265,467)
Fair value movements 59,940 33,744 93,684
At 31December 2021 864,496 68,640 933&136
Carrying amount
At 31December 2021 864,496 68,640 933,136
At 31December 2020 742,465 86,125 828,590

13. The historical
DEBTORS		 cost of inve stments
at 31Dec		 ember 2021 is $701 ,644 (2020 :$636,132).
2021 2020
$ $
Other debtors 225,340 225,362
Other debtors include an amount of$113,949 (2020: $113,949) due I'rom the Porat Yosef Fund
Number
One		 Account and $109,105(2020: $109,105)due trom Midrash Porat Yosef.
14. INVESTMENTS
2021 2020
$ $
Otherinvestments 33,000 64,000
15. CREDITORS: amounts falling due within one year
2021 2020
$ $
Accruals and deferred income 2,763 2,789

At
At 1 January Gains and 31December
2021 Income Expenditure losses 2021
$ $ $ $ $
General funds 1,131,415 16,464 (8,406) 96,798 1,236,271
At
At 1 January Gains and 31December
2020 Income Expenditure losses 2020
$ $ $ $ $
General funds 1,067,414 19,054 (6,761) 51,708 1,131,415
ANALYSIS OFNET ASSETSBETWEEN FUNDS
Unresuicted Total Funds
Funds 2021
$ $
Investments 933,136 933,136
Current assets 305,898 305,898
Creditors less than 1 year (2,763) (2,763)
Net assets 1,236,271 1,236,271
Unrestricted Total Funds
Funds 2020
$ $
Investments 828,590 828,590
Current assets 305,614 305,614
Creditors less than 1 year (2,789) (2,789)
Net assets 1,131,415 1,131,415
FINANCIAL INSTRUMENTS
The carrying amount for each category of0nancial instrument is as follows:
2021 2020
$ $
Financial assets measured at fair value through income and expenditure
Financial assets measured at fair value through income and
expenditure 933,136 828,590
Financial assets that are debt instruments
measured		 at amortised cost
Financial assets that are debt instruments
measured		 at amortised
cost 225,340 225,362
Financial liabilities measured at amortised cost
Financial liabilities measured at amortised cost 2,763 2,789