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|Trustees' annual report||||
|Independent<br>examiner's||report to the trustees||
|Statement offinancial||activities||
|Statement offinancial||position||
|Notes to the financial|statements|||





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||||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<br>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||





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|||STATEM|ENT OFFINANCIAL POSITION|ENT OFFINANCIAL POSITION|||
|---|---|---|---|---|---|---|
||||31DECEMBER 2021||||
|||||2021|2020||
||||Note|$|$||
|Fixed assets|||||||
|Investments|||12|1,281,015||1,129,535|
|Current<br>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|





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|subsequently<br>measured<br>at cost less imp<br>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|





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|||||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|



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|||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|



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|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|





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|ANALYSIS OFC<br>Unrestricted<br>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<br>measured||||at|amortised|||||
|cost|||||||||||403,286|403,317|
|Financial liabiTities|measured|||at amortised||cost|||||||
|Financial liabilities|measured|||at amortised cost|||||||116,713|116,739|



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|---|---|---|---|---|
|Trustees'|annual report||||
|Independent<br>examiner's|||report to the trustees||
|Statement|offinancial||activities||
|Statement|offinancial||position||
|Notes to|the financial|statements|||





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|||||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<br>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<br>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|





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|||STATEM|ENT OF FINANCIAL POSITION|ENT OF FINANCIAL POSITION|||
|---|---|---|---|---|---|---|
||||31DECEMBER 2021||||
|||||2021|2020||
||||Note|$|$||
|Fixed assets|||||||
|Investments|||12|933,136||828,590|
|Current<br>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<br>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|





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|subsequently<br>measured<br>at cost less imp<br>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|





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||||||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|



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|||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|



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|13.|The historical <br> DEBTORS|cost of|inve|stments<br>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<br>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|





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||||||||||||||||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<br>measured|||||||at amortised||cost|||
|Financial|assets that||are debt||instruments<br>measured|||||at amortised||||||
|cost|||||||||||||225,340||225,362|
|Financial|liabilities||measured|||||at amortised|cost|||||||
|Financial|liabilities|measured||||at||amortised cost|||||2,763||2,789|



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