**REGISTERED CHARITY NUMBER: 281371**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **FOR**
## **THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
Venitt and Greaves Statutory Auditors Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Report of the Independent Auditors**|4|to|5|
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Cash Flow Statement**||8||
|**Notes to the Cash Flow Statement**||9||
|**Notes to the Financial Statements**|10|to|15|
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Beis Rochel D'Satmar Girls' School is an independent day school for girls aged 2 to 19 in the London Borough of Hackney. It is owned and maintained by the Bais Rochel D'Satmar Charitable Trust on behalf of the Satmar Chassidic community, and serves girls from the strictly observant Jewish community in the Stamford Hill and Stoke Newington areas of the borough. The majority of pupils in the school are from the Satmar community, but there are also girls from other Chassidic communities.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal objectives of the charity are:
Promoting and furthering the education both religious and secular of Jewish youth in the united kingdom and secondarily for the purpose of furthering the Jewish religion among Jewish people in the united kingdom in particular by establishing and maintaining a school or schools to provide orthodox religious and secular education for Jewish children and youth and;
A synagogue or other place or places of worship to provide facilities for communal Jewish worship and other facilities ancillary to public and private prayer and worship.
## **Significant activities**
Bais Rochel D'Satmar is a thoughtful school. It has many strengths, chief of which is the ethos of dedication and commitment to pupils' spiritual, moral, social and cultural development. The main focus is on the development of pupils' middos - desirable personal traits of responsibility, modesty, consideration. This produces young women who are well informed, able to exercise self-control and who retain a lively interest in their environment and wider issues.
There is good teaching at all key stages in both strands of the curriculum. The school has made significant progress in recent years and has made considerable efforts to meet the requirements of the new legislation. It is well placed to continue its development.
Pastoral care is a very strong feature of the school. Staff provide good role models to the pupils and show care for pupils' welfare and well-being. The five heads of department, ably supported by the administrator and curriculum advisers, provide increasing leadership and direction in the development of teaching, learning and pupils' welfare.
During lockdown the school continued to operate for vulnerable kids and for children of key workers. As most pupils of the school do not have internet at home, so learning could not continue online, the school set up a special school hotline, where pupils could continue their education during lockdown, over the phone, and weekly worksheets and booklets were distributed to all pupils with their work for the forthcoming week.
It is with deep regret that we report the passing of Mr J Ostreicher, a trustee of this charity, who was very involved in the running of the day to day affairs of the charity
## **Public benefit**
The trustees confirm that they have referred to the guidance contained in the Charity's Commission's general guidance on public benefit when reviewing the charity's aims and objectives and planning future activities.
Page 1
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the financial period under review The Bais Rochel D'Satmar Charitable Trust conducted religious, cultural and educational programmes for members of the Orthodox Jewish community in the London Borough of Hackney.
Pupils study Jewish religious studies (Kodesh) taught in Yiddish and a secular curriculum (Chol) taught in English.
There are further classes also taught in Yiddish.
The charity received fees, donations and grants that amounted to £4,388,491 (2019: £3,693,935).
## **FINANCIAL REVIEW**
## **Financial position**
The trustees are satisfied with the results and activities of the charity for the financial year.
## **Principal funding sources**
The Bais Rochel D'Satmar Charitable Trust is currently financed by private donations and grants from Haringey Council and the London Borough of Hackney.
## **Reserves policy**
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity including the possibility of providing capital assets for the needs of charitable institutions.
## **Going concern**
The trustees are confident that the charity will continue to operate for foreseeable future.
## **FUTURE PLANS**
The trustees do no anticipate any significant changes in the forthcoming year.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and appointment of new trustees**
During the year two new trustees were appointed. Both have started working to put new systems in place to increase the efficiency of the charity.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
281371
## **Principal address**
51-57 Amhurst Park London N16 5DL
## **Trustees**
A Schreiber (appointed 11.5.20) J I Low J Frankel S Berkowitz (appointed 11.5.20) V Langberg J Ostreicher (deceased 9.5.20)
Page 2
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Auditors**
Venitt and Greaves Statutory Auditors Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 25 October 2021 and signed on its behalf by:
J Frankel - Trustee
Page 3
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **Opinion**
We have audited the financial statements of THE BAIS ROCHEL DSATMAR CHARITABLE TRUST (the 'charity') for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
## In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 December 2020 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
Page 4
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Venitt and Greaves Statutory Auditors Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
25 October 2021
Page 5
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Charitable activities
Other
**Total**
**NET INCOME**
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
4,179,319
20
258,755
4,438,094
3,553,711
246,784
3,800,495
637,599
5,894,338
6,531,937
3,538,196
10,070,133|Restricted
fund
£
209,172
-
-
209,172
209,172
-
209,172
-
-
-
-
-|31.12.20
Total
funds
£
4,388,491
20
258,755
4,647,266
3,762,883
246,784
4,009,667
637,599
5,894,338
6,531,937
3,538,196
10,070,133|31.12.19
Total
funds
£
3,693,935
-
-|
|---|---|---|---|---|
|||||3,693,935
3,184,833
399,944|
|||||3,584,777|
|||||109,158
-|
|||||109,158
3,429,038|
|||||3,538,196|
The notes form part of these financial statements
Page 6
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **BALANCE SHEET 31 DECEMBER 2020**
|Notes
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Debtors
11
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
13
**NET ASSETS**
**FUNDS**
14
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
9,303,460
-
790,824
790,824
(24,151)
766,673
10,070,133
-
10,070,133|Restricted
fund
£
-
-
-
-
-
-
-
-
-|31.12.20
Total
funds
£
9,303,460
-
790,824
790,824
(24,151)
766,673
10,070,133
-
10,070,133
10,070,133
10,070,133|31.12.19
Total
funds
£
3,281,145
188,955
118,402
307,357
(23,460)
283,897
3,565,042
(26,846)
3,538,196
3,538,196
3,538,196|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 October 2021 and were signed on its behalf by:
J Frankel - Trustee
S Berkowitz - Trustee
A Schreiber - Trustee
The notes form part of these financial statements
Page 7
## **THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Tax paid
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|31.12.20
£
820,155
2,830
822,985
(150,583)
20
(150,563)
672,422
118,402
790,824|31.12.19
£
49,934
(2,830)
47,104
-
-
-
47,104
71,298
118,402|
|---|---|---|
The notes form part of these financial statements
Page 8
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020**
|**1.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM**|**OPERATING ACTIVITIES**|**OPERATING ACTIVITIES**|
|---|---|---|---|
|||31.12.20|31.12.19|
|||£|£|
||**Net income for the reporting period (as per the Statement of Financial**|||
||**Activities)**|637,599|109,158|
||**Adjustments for:**|||
||Depreciation charges|22,606|43,777|
||Interest received|(20)|-|
||Decrease/(increase) in debtors|186,125|(74,177)|
||Decrease in creditors|(26,155)|(28,824)|
||**Net cash provided by operations**|820,155|49,934|
## 2.
## **ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.1.20|Cash flow|At 31.12.20|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|118,402|672,422|790,824|
||118,402|672,422|790,824|
|**Total**|118,402|672,422|790,824|
The notes form part of these financial statements
Page 9
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Governance costs**
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Fixtures and fittings - 10% on reducing balance
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 10
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
|**2.**
**DONATIONS AND LEGACIES**
School running costs fees
Donations
Grants
Grants received, included in the above, are as follows:
Haringey Council
London Borough of Hackney
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Charitable activities
2,766,775
**5.**
**GRANTS PAYABLE**
Charitable activities
The total grants paid to institutions during the year was as follows:
Tchabe Kollel Ltd
Jcoci Educational Foundation
Beis Aharon TT Activity Centre
Other grants
Talmud Torah Torah Veyirah D'satmar London Limited|Grant
funding of
activities
(see note
5)
£
556,797
|31.12.20
£
1,544,739
446,833
2,396,919
4,388,491
31.12.20
£
11,409
2,385,510
2,396,919
31.12.20
£
20
Support
costs (see
note 6)
£
439,311
31.12.20
£
556,797
31.12.20
£
300,000
72,750
30,000
2,487
151,560
556,797|31.12.19
£
841,030
218,077
2,634,828|31.12.19
£
841,030
218,077
2,634,828|
|---|---|---|---|---|
||||3,693,935||
||||31.12.19
£
-
2,634,828||
||||2,634,828||
||||31.12.19
£
-
Totals
£
3,762,883||
|||||31.12.19
£
96,926|
|||||31.12.19
£
-
-
-
96,926
-|
|||||96,926|
continued...
Page 11
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **6. SUPPORT COSTS**
|Other resources expended
Charitable activities|Finance
£
12,841
-
12,841|Governance
Other
costs
£
£
224,343
9,600
439,311
-
663,654
9,600|Totals
£
246,784
439,311|
|---|---|---|---|
||||686,095|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **8. STAFF COSTS**
|Wages and salaries
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000.
**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3,693,935
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
3,184,833
Other
399,944
**Total**
3,584,777
**NET INCOME**
109,158
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
3,429,038||31.12.20
£
2,082,035
2,082,035
31.12.20
298
Restricted
fund
£
-
-
-
-
-
-||31.12.19
£
1,767,808
1,767,808
31.12.19
223
Total
funds
£
3,693,935
3,184,833
399,944|
|---|---|---|---|---|
||||||
||||||
|||||3,584,777|
|||||109,158
3,429,038|
continued...
Page 12
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
|**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
Total
fund
fund
funds
£
£
£
**TOTAL FUNDS CARRIED FORWARD**
3,538,196
-
3,538,196
**10.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
Totals
£
£
£
**COST OR VALUATION**
At 1 January 2020
3,151,145
549,992
3,701,137
Additions
54,517
96,066
150,583
Revaluations
5,894,338
-
5,894,338
At 31 December 2020
9,100,000
646,058
9,746,058
**DEPRECIATION**
At 1 January 2020
-
419,992
419,992
Charge for year
-
22,606
22,606
At 31 December 2020
-
442,598
442,598
**NET BOOK VALUE**
At 31 December 2020
9,100,000
203,460
9,303,460
At 31 December 2019
3,151,145
130,000
3,281,145
In the trustees' opinion the open market value of the freehold properties owned by the charity is £9,100,000.
**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.12.20
31.12.19
£
£
Other debtors
-
116,500
Suspense
-
69,625
Tax
-
2,830
-
188,955||Total
funds
£|
|---|---|---|
|||3,538,196|
||||
||||
||||
||||
||||
continued...
Page 13
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|31.12.20
£
Trade creditors
11,116
Taxation and social security
3,435
Other creditors
9,600
24,151
**13.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
31.12.20
£
Trade creditors
-
**14.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.1.20
in funds
£
£
**Unrestricted funds**
General fund
3,538,196
6,531,937
**TOTAL FUNDS**
3,538,196
6,531,937
Net movement in funds, included in the above are as follows:
Incoming
Resources
Gains and
resources
expended
losses
£
£
£
**Unrestricted funds**
General fund
4,438,094
(3,800,495)
5,894,338
**Restricted funds**
Restricted funds
209,172
(209,172)
-
**TOTAL FUNDS**
4,647,266
(4,009,667)
5,894,338
**Comparatives for movement in funds**
Net
movement
At 1.1.19
in funds
£
£
**Unrestricted funds**
General fund
3,429,038
109,158
**TOTAL FUNDS**
3,429,038
109,158|31.12.19
£
-
-
23,460
23,460
31.12.19
£
26,846
At
31.12.20
£
10,070,133
10,070,133
Movement
in funds
£
6,531,937
-
6,531,937
At
31.12.19
£
3,538,196
3,538,196|
|---|---|
continued...
Page 14
**THE BAIS ROCHEL DSATMAR CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **14. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
3,693,935
3,693,935|Resources
expended
£
(3,584,777)
(3,584,777)|Movement
in funds
£
109,158|
|---|---|---|---|
||||109,158|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.19
£
3,429,038
3,429,038|Net
movement
in funds
£
6,641,095
6,641,095|At
31.12.20
£
10,070,133|
|---|---|---|---|
||||10,070,133|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted funds
**TOTAL FUNDS**|Incoming
resources
£
8,132,029
209,172
8,341,201|Resources
expended
£
(7,385,272)
(209,172)
(7,594,444)|Gains and
losses
£
5,894,338
-
5,894,338|Movement
in funds
£
6,641,095
-|
|---|---|---|---|---|
|||||6,641,095|
## **15. RELATED PARTY DISCLOSURES**
During the period the charity paid £151,560 in grants to Talmud Torah Torah Veyirah D'Satmar London Limited. The charity and Talmud Torah Torah Veyirah D'Satmar London Limited share a common trustee.
Page 15