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||||||PAGES|
|---|---|---|---|---|---|
|Trustees' Annual
Report (Incorporating|||the|Director's Report)|1to 4|
|Independent
Auditor's|Report to|the Members|||5to 10|
|Statement ofFinancial|Activities|(Including||Income and Expenditure||
|Account)||||||
|Statement ofFinancial|Position||||12|
|Statement ofCash Flows|||||13|
|Notes to the Financial|Statements||||14to23|
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|||||2022|2022|2021|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note||||
|Income and endowments|||||||
|Donations
and legacies|||5|||500,000|
|Investment
income|||6|1,797,932|1,797,932|1,985,255|
|Total income||||1,797,932|1,797,932|2,485,255|
|Expenditure|||||||
|Expenditure
on raising funds:|||||||
|Investment
management||costs|7|(334,309)|(334,309)|(118,104)|
|Expenditure
on charitable|activities||8,9|(2,386,538)|(2,386,538)|(1,835,032)|
|Total expenditure||||(2,720,847)|(2,720,847)|(1,953,136)|
|Net gains on investments|||12|7,091|7,091|439,190|
|Net (expenditure)/income||and net movement|in funds|(915,824)|(915,824)|971,309|
|Reconciliation offunds|||||||
|Total funds brought
forward||||30,621,882|30,621,882|29,650,573|
|Total funds carried forward||||29,706,058|29,706,058|30,621,882|
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|||31MARCH|31MARCH|2022||||
|---|---|---|---|---|---|---|---|
|||||2022||2021||
|||Note|g|||||
|FIXEDASSETS||||||||
|Investments||16|||27,984,338||28,732,817|
|CURRENT ASSETS||||||||
|Debtors||17|942,958|||1,205,486||
|Cash at bank and in hand|||2,259,233|||2,187,137||
||||3,202,191|||3,392,623||
|CREDITORS: amounts|falling due|||||||
|within
one year||18|(1,480,471)|||(1,503,558)||
|NET CURRENT ASSETS|||||1,721,720||1,889,065|
|TOTAL ASSETSLESS|CURRENT|||||||
|LIABILITIES|||||29,706,058||30,621,882|
|NET ASSETS|||||29,706,058||30,621,882|
|FUNDS OF THE CHARITY||||||||
|Unrestricted
funds|||||29,706,058||30,621,882|
|Total charity funds||20|||29,706,058||30,621,882|
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|YEAR|ENDED 31MARCH 2022|||
|---|---|---|---|
|||2022|2021|
|CASH FLOWS FROM OPERATING ACTIVITIES||||
|Net (expend iture)/income||(915,824)|971,309|
|Adjustments for:||||
|Net gains on investments||(7,091)|(439,190)|
|Dividends,
interest and rents from investments||(1,797,929)|(1,985,255)|
|Other interest receivable
and similar income||(3)||
|Interest payable
and similar charges||68|84|
|Accrued expenses|||600|
|Payment for expenditure
on investment|properties|334,241|118,020|
|Changes in:||||
|Trade and other debtors|||2|
|Trade and other creditors||(10,034)|(786,382)|
|Cash generated
from operations||(2,396,572)|(2,120,812)|
|Interest received||||
|Net cash used in operating
activities||(2,396,569)|(2,120,812)|
|CASH FLOWS FROM INVESTING|ACTIVITIES|||
|Dividends,
interest and rents from investments||2,047,404|1,647,010|
|Proceeds from sale ofother investments||755,570|25,250|
|Payment
for expenses on investment
properties||(334,241)|(155,257)|
|Net cash from investing
activities||2,468,733|1,517,003|
|CASH FLOWS FROM FINANCING|ACTIVITIES|||
|Interest paid||(68)|(84)|
|Net cash used in fmancing
activities||(68)|(84)|
|NET INCREASE/(DECREASE)
IN CASH AND CASH||||
|EQUIVALENTS||72,096|(603,893)|
|CASH AND CASH EQUIVALENTS|AT BEGINNING OF YEAR|2,187,137|2,791,030|
|CASH AND CASH EQUIVALENTS|AT END OF YEAR|2,259,233|2,187,137|
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|DONATIONS|AND L|EGACIES|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2022|Funds|2021|
|DONATIONS|||||||
|Donations
received|||||500,000|500,000|
|INVESTMENT|INCOME||||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2022|Funds|2021|
|||||K|||
|UK investment|property|revenue|1,797,449|1,797,449|1,985,255|1,985,255|
|Income from UK listed||investments|480|480|||
|Interest receivable &similar income|||3|3|||
||||1,797,932|1,797,932|1,985,255|1,985,255|
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||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|2022|Funds|2021|
||Interest payable|||and similar|charges||68|68|84|84|
||Investment|property
management||||costs|334,241|334,241|118,020|118,020|
||||||||334,309|334,309|118,104|118,104|
|8.|EXPENDITURE ON CHARITABLE||||||ACTIVITIES BYFUND TYPE||||
||||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||||Funds|2022|Funds|2021|
|||||||||||f,|
||Grants paid||||||2,371,500|2,371,500|1,799,200|1,799,200|
||Support costs||||||15,038|15,038|35,832|35,832|
||||||||2,386,538|2,386,538|1,835,032|1,835,032|
|9.|EXPENDITURE ON CHARITABLE||||||ACTIVITIES BYACTIVITY TYPE||||
||||||||Grant funding||Total funds|Total fund|
||||||||ofactivities|Support costs|2022|2021|
||||||||||s||
||Grants paid||||||2,371,500||2,371,500|1,799,200|
||Governance||costs|||||15,038|15,038|35,832|
||||||||2,371,500|15,038|2,386,538|1,835,032|
|10.|ANALYSIS||OF SUPPORT COSTS||||||||
|||||||||Grants paid|Total 2022|Total 2021|
||Governance||costs|||||15,038|15,038|35,610|
|11.|ANALYSIS||OF GRANTS||||||||
||||||||||2022|2021|
|||||||||||f.|
||GRANTS TO|||INSTITUTIONS|||||||
||Advancement||ofeducation||and religion||and the relief|ofpoverty|2,371,500|1,799,200|
||Total grants||||||||2,371,500|1,799,200|
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|Achisomoch
Aid Company|Achisomoch
Aid Company||90,000|
|---|---|---|---|
|Amud Hatzdokoh
Trust|||94,000|
|Beis Aharon Trust|||27,000|
|British Friends ofMishan|L'Choleh||32,000|
|British Friends ofTiferes|Chaim||30,000|
|Chasdei Aharon|||30,000|
|Fountain ofChessed|||264,000|
|Finegrant|||160,000|
|Friends ofBeis Chinuch|Lebenos||40,000|
|Greenline
Foundation|||130,000|
|Moundfield
Charities Limited|||405,000|
|Springfield
Trust Limited|||495,000|
|United Torah Association|||35,000|
|Wlodowa
Charity &Rehabilitation||Trust|63,000|
|Yeshiva Gedoila Torah Veyira|||70,000|
|YGS Yeshiva Gedola Seminar|||44,000|
|Other Donations
less than f25,000|||362,500|
||||2,371,500|
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|NET GAI|NS|ON INV|ESTMKNTS|||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
|||||5|||r,|
|Realised gains/(losses)|||on investment|||||
|property||||5,570|5,570|25,250|25,250|
|Unrealised|gain/()osses)||investment|||||
|property
Gains/(losses)||on listed|investments|1,521|1,521|410,000
3,940|410,000
3,940|
|||||7,091|7,091|439,190|439,190|
|AUDITORS||REMUNERATION||||||
|||||||2022|2021|
|Fees payable||for the audit ofthe financial||statements||13,500|12,600|
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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 2021|16,404|28,716,413|28,732,817|
|Additions||||
|Disposals||(750,000)|(750,000)|
|Other movements|1,521||1,521|
|At 31March 2022|17,925|27,966,413|27,984,338|
|Impairment||||
|At 1 April 2021 and 31March 2022||||
|Carrying
amount
At 31March 2022|17,925|27,966,413|27,984,338|
|At 31 March 2021|16,404|28,716,413|28,732,817|
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|||2022|2021|
|---|---|---|---|
|Trade|debtors|483,263|692,664|
|Other|debtors|459,695|512,822|
|||942,958|1,205,486|
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|CREDIT|ORS|: amounts
falling due within
one y|ear||
|---|---|---|---|---|
||||2022|2021|
||||K||
|Accruals|and deferred income||292,996|315,949|
|Social security||and other taxes|43,086|53,120|
|Other creditors|||1,144,389|1,134,489|
||||1,480,471|1,503,558|
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|||2022|2021|
|---|---|---|---|
|At I April 2021||315,949|450,975|
|Amount
released|to income|(315,949)|(450,975)|
|Amount
deferred|in year|292,996|315,949|
|At 31March 2022||292,996|315,949|
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|Unrestri|cted
funds|||||||
|---|---|---|---|---|---|---|---|
||||||||At|
||||At|||Gains and|31March|
|||I|April 2021|Income|Expenditure|losses|2022|
||||f,|||||
|General|funds||30,621,882|1,797,932|(2,720,847)|7,091|29,706,058|
||||||||At|
||||At|||Gains and|31 March|
|||I|April 2020|Income|Expenditure|losses|2021|
|||||s||||
|General|funds||29,650,573|2,485,255|(1,953,136)|439,190|30,621,882|
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|21.|ANALYSIS|OF N|ET ASSE|TS|BETWE|EN|FUN|DS|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Unrestricted|Total Funds|
||||||||||||Funds|2022|
||Investments||||||||||27,984,338|27,984,338|
||Current assets||||||||||3,202,191|3,202,191|
||Creditors less|than|1 year||||||||(1,480,471)|(1,480,471)|
||Net assets||||||||||29,706,058|29,706,058|
||||||||||||Unrestricted|Total Funds|
||||||||||||Funds|2021|
||Investments||||||||||28,732,817|28,732,817|
||Current assets||||||||||3,392,623|3,392,623|
||Creditors
less|than|1 year||||||||(1,503,558)|(1,503,558)|
||Net assets||||||||||30,621,882|30,621,882|
|22.|FINANCIAL|INSTRUMENTS|||||||||||
||The carrying|amount for each||category of||financial||instrument||is as follows:|||
||||||||||||2022|2021|
||Financial assets that are debt||||instruments||measured||at amortised||cost||
||Financial
assets that are debt instruments|||||measured||at|amortised||||
||cost||||||||||942,958|1,205,486|
||Financial
liabilities||measured||at amortised||cost||||||
||Financial
liabilities||measured|at|amortised|cost|||||1,480,471|1,503,558|
|23.|ANALYSIS OF CHANGES|||IN NET DEBT|||||||||
||||||||||At|||At|
||||||||||1 Apr 2021||Cash flows|31Mar 2022|
||||||||||||f.||
||Cash at bank|and in|hand||||||2,187,137||72,096|2,259,233|
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|as follows:||||
|---|---|---|---|
|||2022|2021|
|Not later than
1 year||3,004,973|2,914,205|
|Later than|1 year and not later than 5 years|5,422,195|4,950,994|
|Later than|5 years|70,164|92,700|
|||8,497,332|7,957,899|
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