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||||||PAGES|
|---|---|---|---|---|---|
|Trustees'|Annual Report incorporating||the|Director's Report)|1to 4|
|Independent
Auditor's||Report tothe Members|||5to 10|
|Statement|ofFinancial|Activities Ilncluding||Income and Expenditure||
|Account)||||||
|Statement|ofFinancial|Position|||12|
|Statement|ofCash Flows||||13|
|Notes to|the Financial|Statements|||14to23|
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|||||2021|2021|2020|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note||||
|Income and endowments|||||||
|Donations
and legacies|||5|500,000|500,000||
|Investment
income|||6|1,985,255|1,985,255|2,147,199|
|Total income||||2,485,255|2,485)255|2,147,199|
|Expenditure|||||||
|Expenditure
on raising funds:|||||||
|Investment
management||costs|7|(118,104)|(118,104)|(185,237)|
|Expenditure
on charitable|activities||8,9|(1,835,032)|(1,835,032)|(2,134,874)|
|Total expenditure||||(1,953,136)|(1,953,136)|(2,320,111)|
|Net gains/(losses)
on investments|||12|439,190|439,190|(11,622)|
|Net income/(expenditure)|and net movement||in funds|971,309|971,309|(184,534)|
|Reconciliation offunds|||||||
|Total funds brought
forward||||29,650,573|29,650,573|29,835,107|
|Total funds carried forward||||30,621,882|30,621,882|29,650,573|
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|||31MARCH 2021|31MARCH 2021|||
|---|---|---|---|---|---|
||||2021||2020|
|||'Aoie|||f|
|FIXEDASSETS||||||
|Investments||16||28,732s817|28,318.877|
|CURRENT ASSETS||||||
|Debtors||17|1,205,486||990,602|
|Cash at bank and in hand|||2,187,137||2,791,030|
||||3,392,623||3,781,632|
|CREDITORS: amounts|falling due|||||
|within one year||18|(1,503,558)||(2,449,936)|
|NET CURRENT ASSETS||||1,889,065|1,331,696|
|TOTAL ASSETSLESS|CURRENT|||||
|LIABILITIES||||30,621,882|29,650,573|
|NET ASSETS||||30,621,882|29,650,573|
|FUNDS OFTHE CHARITY||||||
|Unrestricted
funds||||30,621,882|29,650.573|
|Total charity funds||20||30,62l,882|29,650,573|
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|YEAR|ENDED 31MARCH 2021|||
|---|---|---|---|
|||2021|2020|
|CASH FLOWS FROM OPERATING ACTIVITIES||||
|Net income/(expenditure)||971,309|(184,534)|
|Adj ustments for:||||
|Net gains/(losses)
on investments||(439,190)|Il,622|
|Dividends,
interest
and rents from investments||(1,985,255)|(2,147,199)|
|Interest payable and similar charges||84|124|
|Accrued expenses||600|960|
|Payment for expenditure
on investment|properties|118,020|185,113|
|Changes in:||||
|Trade and other debtors||2|200,000|
|Trade and other creditors||(786,382)|(345)|
|Cash generated
from operations||(2,120,812)|(l,934,259)|
|Net cash used in operating
activities||(2,120,812)|(1,934,259)|
|CASH FLOWS FROM INVESTING|ACTIVITIES|||
|Dividends,
interest
and rents from investments||1,647,010|2,180,656|
|Proceeds from sale ofother investments||25,250||
|Payment for expenses on investment
properties||(155,257)|(175,432)|
|Net cash from investing
activities||1,517&003|2,005,224|
|CASH FLOWS FROM FINANCING|ACTIVITIES|||
|Repayments
ofloans from group undertakings|||(100)|
|Interest paid||(84)|(124)|
|Net cash used in financing
activities||(84)|(224)|
|NET (DECREASE)/INCREASE
IN CASH AND CASH||||
|EQUIVALENTS||(603,893)|70,741|
|CASH AND CASH EQUIVALENTS|AT BEGINNING OF YEAR|2,791,030|2,720,289|
|CASH AND CASH EQUIVALENTS|AT END OFYEAR|2,187,137|2,791,030|
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|5.|DONATIONS
AND L|EGACIES|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2021|Funds|2020|
||DONATIONS||||||
||Donations received||500,000|500,000|||
|6.|INVESTMENT INCOME||||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2021|Funds|2020|
||||6||6||
||UK investment
property|revenue|1,985,255|1,985,255|2,145,919|2,145,919|
||Income from UK listed|investments|||1,280|1,280|
||||1,985,255|1,985,255|2,147,199|2,147,199|
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||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
||||Funds|2021|Funds|2020|
|Interest payable and||similar charges|84|84|124|124|
|Investment
costs|property|management|118,020|118)020|185,113|185,113|
||||118,104|118,104|185,237|185,237|
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|EXPEN|DITURE ON CH|ARITABLE ACTIVITIE|S BYFUND T|YPE||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
|Grants|paid|1,799,200|1)799,200|2,090,200|2,090,200|
|Support|costs|35,832|35,832|44,674|44,674|
|||1,835,032|1,835,032|2,134,874|2,134,874|
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|9.|EXPENDIT|URE ON CH|ARITABLE|ACTIVITIE|S BYACTIVI|TY TYPE||
|---|---|---|---|---|---|---|---|
|||||Grant||||
|||||funding of||Total funds|Total fund|
|||||activities|Support costs|2021|2020|
||Grants paid|||1,799,200||1,799,200|2,090,200|
||Governance|costs|||35,832|35,832|44,674|
|||||1,799,200|35,832|1,835,032|2,134,874|
|10.|ANALYSIS|OII SUPPORT COSTS||||||
||||||Grants paid|Total 2021|Total 2020|
||Governance|costs|||35,610|35,610|44,674|
|11.|ANALYSIS|OF GRANTS||||||
|||||||2021|2020|
||GRANTS TO INSTITUTIONS|||||||
||Advancement|ofeducation|and religion|and the relief|ofpoverty|1,799,200|2,090,200|
||Total grants|||||1,799,200|2,090,200|
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|Achisomoch
Aid Company|Achisomoch
Aid Company||35,000|
|---|---|---|---|
|Amud Hatzdokoh
Trust|||101,000|
|British Friends ofTiferes|Chaim||40,000|
|Chasdei Aharon|||30,000|
|Forty Limited|||50,000|
|Friends ofBeis Chinuch|Lebenos||55,000|
|Greenline
Foundation|||130&000|
|Kollel Viznitz|||25,000|
|Moundfield
Charities
Limited|||340,000|
|Springfield
Trust Limited|||315,000|
|UK Gives Limited|||35,000|
|United Torah Association|||58,000|
|Wlodowa Charity &Rehabilitation||Trust|65,000|
|Yad Eliezer Trust|||33,600|
|Yankov Charitable
Trust|||60,000|
|Yeshiva Gedola Torah Veyira|||100,000|
|Other Donations
less than 625,000|||326i600|
||||1,799,200|
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|NET GA|INS/|(LOSSES|) ON INVES|TMENTS||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2021|Funds|2020|
|Profit on|disposal ofinvestment|||||||
|property||||25,250|25,250|||
|Unrealised|gain/(losses)||investment|||||
|property||||410,000|410,000|||
|Gains/(losses)||on listed|investments|3,940|3,940|(11,622)|(11,622)|
|||||439,190|439,190|(11,622)|(11,622)|
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|Fees|payable|for|the|audit|ofthe|financial|statements|12,600|12,000|
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|No remuneration
or other benefits
from
empl
received by the trustees.
No trustees expenses have been incurred.
INVESTMENTS|oyment
with
the chari|ty
or a related|entity
were|
|---|---|---|---|
||Listed|Investment||
||investments|properties|Total|
|Cost or valuation||||
|At 1 April 2020|12,464|28,306,413|28,318,877|
|Additions||||
|Fair value movements||410,000|410,000|
|Other movements|3,940||3)940|
|At 31March 2021|16,404|28,716,413|28,732,817|
|Impairment||||
|At I April 2020 and 31March 2021||||
|Carrying
amount||||
|At 31March 2021|16,404|28,716,413|28,732,817|
|At 31 March 2020|12,464|28,306,413|28,318,877|
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|||2021|2020|
|---|---|---|---|
|Trade|debtors|692)664|503,256|
|Other|debtors|512,822|487,346|
|||1405,486|990,602|
|CREDITORS|: amou|nts
falling due within
one y|ear||
|---|---|---|---|---|
||||2021|2020|
|Accruals
and deferred||income|315,949|450,975|
|Social security|and other taxes||53,120|132,660|
|Other creditors|||1,134,489|1,866,301|
||||1,503,558|2,449,936|
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|DEFERRED IN|COME|||
|---|---|---|---|
|||2021|2020|
|At I April 2020||450,975|425,998|
|Amount
released|to income|(450,975)|(425,998)|
|Amount
deferred|in year|315,949|450,975|
|At 31March 2021||315,949|450,975|
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|Unrestri|cted
funds|||||||
|---|---|---|---|---|---|---|---|
||||||||At|
||||At|||Gains and|31March 20|
|||I|April 2020|Income|Expenditure|losses|21|
||||f,|||||
|General|funds||29,650,573|2,485,255|(1,953,136)|439,190|30,621,882|
||||||||At|
||||At|||Gains and|31 March 20|
|||I|April 2019|Income|Expenditure|losses|20|
|General|funds||29,835,107|2,147,199|(2,320,111)|(11,622)|29,650,573|
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||||||||||||||Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||Funds|2021|
||Investments||||||||||||28,732,817|28,732,817|
||Current
assets||||||||||||3,392,623|3,392,623|
||Creditors|less|than|I|year||||||||(1,503,558)|(1,503,558)|
||Net assets||||||||||||30,621,882|30,621,882|
||||||||||||||Unrestricted|Total Funds|
||||||||||||||Funds|2020|
||Investments||||||||||||28,318,877|28,318,877|
||Current
assets||||||||||||3,781,632|3781 632|
||Creditors|less|than|I|year||||||||(2,449,936)|(2,449,936)|
||Net assets||||||||||||29,650,573|29,650,573|
|22.|FINANCIAL||INSTRUMENTS||||||||||||
||The carrying||amount||for each|category offinancial||||instrument||is as follows;|||
||||||||||||||2021|2020|
||||||||||||||8||
||Financial|assets that are debt instruments|||||||measured||at amortised||cost||
||Financial|assets that|||are debt instruments|||measured||at|amortised||||
||cost||||||||||||1405,486|990,602|
||Financial|liabilities|||measured||at amortised||cost||||||
||Financial|liabilities||measured||at|amortised|cost|||||1,503,558|2,449,936|
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|ANA|LY|SIS|OF|C|HANGES IN NET|DEBT||||
|---|---|---|---|---|---|---|---|---|---|
||||||||At||At|
|||||||1|Apr 2020|Cash flows|31Mar 2021|
|Cash|at|bank|and|in|hand||2,791,030|(603,893)|2,1879137|
##
|as follows:||||
|---|---|---|---|
|||2021|2020|
|||a||
|Not later than I year||2,914,205|2,405,415|
|Later than|1 year and not later than 5 years|4)950,994|2,391,517|
|Later than|5 years|92,700|274,211|
|||7957899|5071 143|
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