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2022-03-31-accounts
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Page |
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| Report ofthe Trustees |
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1 |
to |
3 |
Independent
Examiner's |
Report |
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| Statement ofFinancial |
Activities |
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| Balance Sheet |
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| Cash Flow Statement |
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| Notes to the Cash Flow |
Statement |
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| Notes to the Financial Statements |
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9 |
to |
14 |
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FOR TH |
E YEAR ENDED 31MA |
RCH 2022 |
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2022 |
2021 |
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|
Unrestricted |
Total |
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|
fund |
funds |
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|
Notes |
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| INCOME AND ENDOWMENTS FROM |
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Donations
and legacies |
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|
|
|
724,523 |
331,859 |
Investment
income |
|
|
|
|
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|
| Total |
|
|
|
|
724,528 |
331,864 |
| EXPENDITURE |
ON |
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|
Charitable
activities |
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|
|
|
|
|
| Grants to Institutions |
|
|
|
|
387,058 |
247,150 |
Governance
Costs |
|
|
|
|
8,938 |
5,231 |
| Total |
|
|
|
|
395,996 |
252,381 |
| NET INCOME |
|
|
|
|
328,532 |
79,483 |
| Other recognised |
gains/(losses) |
|
|
|
|
|
Gains/(losses)
on revaluation |
|
|
offixed assets |
|
(3,710) |
(9,540) |
Net movement
in |
funds |
|
|
|
324,822 |
69,943 |
| RECONCILIATION |
|
OF FUNDS |
|
|
|
|
| Total funds brought |
forward |
|
|
|
1,084,768 |
1,014,825 |
| TOTAL FUNDS CARRIED |
|
|
FORWARD |
|
1,409,590 |
1,084,768 |
|
BALANCE SHEET
31MARCH 2022 |
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|
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|
2022 |
2021 |
|
|
Unrestricted |
Total |
|
|
fund |
funds |
|
Notes |
|
|
| FIXEDASSETS |
|
|
|
| Investments |
|
33,804 |
37,514 |
| CURRENT ASSETS |
|
|
|
| Debtors |
10 |
326,448 |
140,175 |
| Cash at bank |
|
1,071,497 |
936,756 |
|
|
1,397,945 |
1,076,931 |
| CREDITORS |
|
|
|
Amounts
falling due within one year |
|
(22,159) |
(29,677) |
| NET CURRENT ASSETS |
|
1,375,786 |
1,047,254 |
| TOTAL ASSETSLESSCURRENT |
|
|
|
| LIABILITIES |
|
1,409,590 |
1,084,768 |
| NET ASSETS |
|
1,409,590 |
1,084,768 |
| FUNDS |
12 |
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|
Unrestricted
funds: |
|
|
|
| General fund |
|
1,409,590 |
1,084,768 |
| TOTALFUNDS |
|
1,409,590 |
1,084,768 |
|
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FO |
R |
THE YEAR ENDE |
D 31MARCH 2022 |
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|
2022 |
2021 |
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|
Notes |
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| Cash flows from operating |
activities |
|
|
|
|
|
Cash generated
from operations |
|
|
|
|
134,736 |
145,654 |
| Net cash provided by operating |
|
activities |
|
|
134,736 |
145,654 |
| Cash flows from investing |
activities |
|
|
|
|
|
| Interest received |
|
|
|
|
|
|
| Net cash provided by investing |
|
activities |
|
|
|
|
| Change in cash and cash equivalents |
|
|
in |
|
|
|
the reporting
period |
|
|
|
|
134,741 |
145,659 |
| Cash and cash equivalents |
at |
the |
|
|
|
|
beginning
ofthe reporting |
period |
|
|
|
936,756 |
791,097 |
| Cash and cash equivalents |
at |
the end |
of |
|
|
|
the reporting
period |
|
|
|
|
1,071,497 |
936,756 |
|
|
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31MARCH 2022 |
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31MARCH 2022 |
|
|
| RECONCILIATION |
|
OF NET INCOME TO NET CASH FLOW FROM |
|
OPERATING ACTIVITIES |
|
|
|
|
|
2022 |
2021 |
| Net income for the |
reporting |
|
period (as per the Statement ofFinancial |
|
|
| Activities) |
|
|
|
328,532 |
79,483 |
Adjustments
for: |
|
|
|
|
|
| Interest received |
|
|
|
(5) |
(5) |
| (Increase)/decrease |
in |
debtors |
|
(186,273) |
64,418 |
| (Decrease)/increase |
in |
creditors |
|
(7,518) |
1,758 |
| Net cash provided |
by |
operations |
|
134,736 |
145,654 |
|
At 1.4.21 |
Cash flow |
At 31.3.22 |
| Net cash |
|
|
|
| Cash at bank |
936,756 |
134,741 |
1,071,497 |
|
936,756 |
134,741 |
1,071,497 |
| Total |
936,756 |
134,741 |
1,071,497 |
|
DONATIONS
AND LEGACIES |
DONATIONS
AND LEGACIES |
|
|
|
|
|
|
|
2022 |
2021 |
|
Donations |
received |
|
724,523 |
331,859 |
| 3. |
INVESTMENT INCOME |
|
|
|
|
|
|
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|
2022 |
2021 |
|
Deposit account interest |
|
|
|
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| 4. |
CHARITABLE ACTIVITIES COSTS |
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|
Grant |
|
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|
funding of |
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|
activities |
Support |
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(see note |
costs (see |
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5) |
note 6) |
Totals |
|
Grants to Institutions |
|
387,058 |
|
387,058 |
|
Governance |
Costs |
|
8,938 |
8,938 |
|
|
|
387,058 |
8,938 |
395,996 |
| 5. |
GRANTS |
PAYABLE |
|
|
|
|
|
|
|
2022 |
2021 |
|
Grants to Institutions |
|
|
387,058 |
247,150 |
The composition ofdonations
is shown below. |
|
| Bonei Olam Limited |
33,000 |
| Lehachzikom |
25,000 |
| Kolel Siebenburgen |
22,000 |
| Tevini Limited |
20,000 |
| Tchabe Kollel Limited |
20,000 |
| Tevini Limited |
|
|
20,000 |
| Chasdei Sholom |
|
|
20,000 |
| Beis Ahron Trust |
|
Ltd |
18,362 |
| United Talmudical |
|
Associates Ltd |
15,135 |
| M.L.T.Belz |
|
|
11,535 |
| Care All Limited |
|
|
10,150 |
| Other donations |
f.10,000 or less |
|
191,876 |
|
|
|
387,058 |
| SUPPORT |
COSTS |
|
|
|
|
|
|
|
|
Governance |
|
|
|
Management |
Finance |
costs |
Totals |
| Governance |
Costs |
4,071 |
689 |
4,178 |
8,938 |
| NET INCOME/(EXPENDITURE) |
|
|
|
|
|
| Net income/(expenditure) |
|
is stated after charging/(crediting): |
|
|
|
|
|
|
|
2022 |
2021 |
| Independent |
examiner's |
fee |
|
1,800 |
1,800 |
| FIXEDASSETINVESTMENTS |
|
|
|
|
|
Shares in |
|
|
|
|
group |
Listed |
Unlisted |
|
|
undertakings |
investments |
investments |
Totals |
| COST LESSIMPAIRMENT |
|
|
|
|
| At 1 April 2021 |
18,504 |
18,960 |
50 |
37,514 |
| Revaluations |
|
(3,710) |
|
(3,710) |
| At 31March 2022 |
18,504 |
15,250 |
50 |
33,804 |
| NET BOOKVALUE |
|
|
|
|
| At 31March 2022 |
18,504 |
15,250 |
50 |
33,804 |
| At 31March 2021 |
18,504 |
18,960 |
50 |
37,514 |
| Nature o |
fbu |
siness: Property Investment |
|
|
|
|
|
|
'/o |
|
|
| Class of |
share: |
|
holding |
|
|
| Ordinary |
|
|
100 |
|
|
|
|
|
|
31.3.22 |
31.3.21 |
| Aggregate |
capital and reserves |
|
|
2,486,166 |
2,649,736 |
| (Loss)/profit |
|
for the year |
|
(101,570) |
56,842 |
| Nature ofbusiness: Property Inve |
stment |
|
'/o |
| Class ofshare |
holding |
| Ordinary |
100 |
| Ordinary |
|
1 |
00 |
|
|
|
|
31.3.22 |
31.3.21 |
| Aggregate |
capital and reserves |
|
3,913,570 |
4,177,274 |
| (Loss)/profit |
|
for the year |
(138,704) |
125,078 |
| Nature ofbusiness: Property Trad |
ing |
|
'/o |
| Class ofshare: |
holding |
| Ordinary |
100 |
| Nature o |
fbusiness: Property Trading |
|
|
|
|
|
0/ |
|
|
| Class of |
share: |
holding |
|
|
| Ordinary |
|
100 |
|
|
|
|
|
31.3.22 |
31.3.21 |
| Aggregate |
capital and reserves |
|
1 |
1 |
| Nature o |
fbusiness: Property Trading |
|
|
|
| Class of |
share: |
holding |
|
|
| Ordinary |
|
50 |
|
|
|
|
|
31.3.22 |
31.3.21 |
| Aggregate |
capital and reserves |
|
582,775 |
573,687 |
| Profit for |
the year |
|
204,016 |
203,919 |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
2022 |
2021 |
| Other debtors |
|
12,531 |
| Loan debtors |
326,448 |
127,644 |
|
326,448 |
140,175 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
2022 |
2021 |
| Other creditors |
20,359 |
26,077 |
| Accruals and deferred income |
1,800 |
3,600 |
|
22,159 |
29,677 |
| MOVEMEN |
T IN FUNDS |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1.4.21 |
in funds |
31.3.22 |
| Unrestricted |
funds |
|
|
|
| General fund |
|
1,084,768 |
324,822 |
1,409,590 |
| TOTALFUNDS |
|
1,084,768 |
324,822 |
1,409,590 |
|
|
Incoming |
Resources |
Gains and |
Movement |
|
|
resources |
expended |
losses |
in funds |
| Unrestricted |
funds |
|
|
|
|
| General fund |
|
724,528 |
(395,996) |
(3,710) |
324,822 |
| TOTAL FUNDS |
|
724,528 |
(395,996) |
(3,710) |
324,822 |
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1.4.20 |
in funds |
31.3.21 |
| Unrestricted |
funds |
|
|
|
| General fund |
|
1,014,825 |
69,943 |
1,084,768 |
| TOTAL FUNDS |
|
1,014,825 |
69,943 |
1,084,768 |
|
|
Incoming |
Resources |
Gains and |
Movement |
|
|
resources |
expended |
losses |
in funds |
| Unrestricted |
funds |
|
|
|
|
| General fund |
|
331,864 |
(252,381) |
(9,540) |
69,943 |
| TOTAL FUNDS |
|
331,864 |
(252,381) |
(9,540) |
69,943 |