## |||||Page| |---|---|---|---|---| |Reference and Administrative
Details||||| |Report ofthe|Trustees|||2 to 3| |Report ofthe|Independent|Auditors||4to 5| |Consolidated|Statement of|Financial|Activities|| |Consolidated|Balance Sheet|||| |Charity Balance Sheet||||| |Consolidated|Cash Flow Statement|||| |Notes to the|Consolidated|Cash Flow|Statement|10| |Notes to the|Consolidated|Financial Statements||11to 22| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||Unrestricted|Unrestricted| ||||||fund|funds| |||||Notes||E| |INCOME AND ENDOWMENTS|||FROM|||| |Other trading
income|||||174557786|1,822,532| |Investment
income|||||1045082|1 113556| |Total|||||275007868|2,936,088| |EXPENDITURE ON||||||| |Raising funds
Investment
management
Trading costs||costs|||161,483
173107443|167,313
1,480,426| |Charitable
activities||||||| |Grants and other activities|||||136406|438 179| |Total|||||1,608,332|2,085,918| |Tax payable|||||7,736|30,300| |Other income|||||12,798|| |Net gains/(losses)
on|investments||||42,680|(3,899)| |NET INCOME|||||955,750|815,972| |RECONCILIATION|OF FUNDS|||||| |Total funds brought forward|||||2771167365|26 300394| |TOTAL FUNDS CARRIED FORWARD|||||28072 115|27 116365| ## |||2021|2020| |---|---|---|---| |||Unrestricted|Unrestricted| ||Notes|fund
f|funds
E| |FIXEDASSETS|||| |Tangible fixed assets
Investments
Investment
property|10
11
12|600,639
1,427,404
22 507338|703,109
1,384,725
20 648 614| |||2475357381|22 736448| |CURRENT ASSETS|||| |Debtors|13|1,143,964|213,157| |Investments|14|53,843|53,843| |Cash at bank||3003676|4 766 66'I| |||4,201,483|5,033,664| |CREDITORS|||| |Amounts
falling due within one year|15|(662,739)|(651,737)| |NET CURRENT ASSETS/(LIABILITIES)||375387744|4 381927| |'TOTAL ASSETS LESSCURRENT LIABILITIES||2870747125|27 118375| |CREDITORS|||| |Provisions for liabilities||(2,010)|(2,010)| |NET ASSETS||28072115|27116365| |FUNDS
Unrestricted
funds|17|28072 115|27 116365| |TOTAL FUNDS||28072 115|27 116365| ||||2021|2020|2020| |---|---|---|---|---|---| ||||Unrestricted|Unrestricted|| ||||fund|funds|| |||Notes|f|E|| |Investments
Investments||11|181||181| |Investment|property|12|22507338|20 648|614| ||||22/507/5 19|20 6l8|795| |CURRENT|ASSETS||||| |Debtors||13|1/233/332|266,912|| |Investments||14|67,843|67,843|| |Cash at bank|||2 286452|4 086|693| ||||3/587/627|4,421,448|| |CREDITORS|||||| |Amounts
falling due within one year||15|(246,746)|(104,760)|| |NET CURRENT ASSETS/(LIABILITIES)|||3340881|4 316|688| |TOTAL ASSETS LESSCURRENT LIABILITIES|||25/848/400|24 965|483| |NET ASSETS|||25848400|24 965|483| |FUNDS||17|||| |Unrestricted|funds||25 848 400|24 965|483| |TOTALFU|NDS||25848400|24 965|483| ## ## |||||2021|2020| |---|---|---|---|---|---| ||||Notes||| |Cash flows from operating
activities:
Cash generated
from operations
Interest
paid
Tax paid||||110,512|1,079,003
0
~98011| |Net cash provided
by (used in) operating
activities||||110512|980992| |Cash flows from investing
activities:|||||| |Purchase of investment
property||||(178587724)|(199,430)| |Purchase oftangible
fixed assets
Interest received||||(16,835)
2,059|(390,390)
23,852| |Net cash provided
by (used in) investing
activities||||{1,073 500)|{565968)| |Change
in cash and cash equivalents
reporting
period|in the|||(177627988)|415,024| |Cash and cash equivalents
at the beginning
the reporting
period||of|2,
'|4,766664|4 351640| |Cash and cash equivalents
at the end
reporting
period|ofthe|||3,003676|4 766 664| ## |RECONCILIATION|OF NET INCOME TO NET|OF NET INCOME TO NET|CASH FLOW FROM OPERATING|ACTIVITIES|| |---|---|---|---|---|---| |||||2021|2020| ||||||f| |Net income for the reporting
period (as
statement offinancial activities)||per|the consolidated|913,071|819,870| |Adjustments
for:
Depreciation
charges||||119,305|122,233| |Gains on investments|||||| |Interest receivable||||(2,059)|(23,852)| |Increase
in debtors||||(969,032)|(37,996)| |Increase
in creditors||||49 227|198748| |Net cash provided|by (used in) operating|activities||110512|1079 003| |ANALYSIS OF CASH AND CASH EQUIVALENTS|||||| |||||2021|2020| |||||E|E| |Cash and cash equivalents
Overdrafts
included
in bank loans and overdrafts|||falling due within one year|3,003,680
~4)|4,766,668
~4)| |Total cash and cash equivalents||||3,003676|4 766 664| ## ## ## ## ## ## ## ## ## ## |||||||||Group|Group||||Charity|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||2021|||2020|2021||2020|| |||||||||||E|f.||E|| ||Rental income
Interest received
Income from investment||||property|1,043,023
2,059|||1,089,704
23,852||1,043,023
2,059
100,000||1,089,704
23,852
100,000|| |||||||1,045,082|||1,113,556||1,145,082||1,213,556|| |4|RAISING|FUNDS||||||||||||| ||Investment||management|||costs||||||||| |||||||||||Group|||Charity|| ||||||||||2021|||2020|2021|2020f| |Insurance|||||||||25,553|||20,878|25,553|20,878| |Light and Heat
Sundry
Expenses
General
and Water Rates
Rent Collection
Property
Repairs
Legal and Professional
fees|||||||||15,326
3,840
28,799
70,807
14,587
2571
161483|||13,116
4,074
33,205
73,305
22,639
96
167 313|15,326
3,840
28,799
70,807
14,587
2571
161483|13,116
4,074
33,205
73,305
22,639
96
167313| |Trading costs|||||||||Group||||Charity|| ||||||||2021
f||||2020
E||2021
f.|2020| |Cost of sales
Administrative||expense|||||1,255,096~
55,347'||||1,381,707
98,719|||| ||||||||1310|443|||1480 426|||| |5.|CHARITABLE ACTIVITIES|||||COSTS||||||||| ||Group|||||||||||||| ||||||||||||Grant|||| ||||||||||||funding of|Support||| ||||||||||||activities||costs
Totals|| ||||||||||||(See note 6)|(See note 7)||| ||||||||||||E|||f.| ||Charitable|activities|||cost||||||83101|53305
136406||| ||Charity|||||||||||||| ||||||||||||Grant|||| ||||||||||||funding of|Support||| ||||||||||||activities||costs
Totals|| ||||||||||||(See note 6)|(See note 7)||| ||||||||||||f.|||| ||Charitable|activities|||cost||||||83101|17581
100682||| ## ## ## |are paid directly from|the charity to the institutions,
as follows:|| |---|---|---| |Name ofcharitable|organisation|Total donation (f)| |Interlink
Foundation||20,000| |Achisomoch||15,500| |BFO Igud Hakollelim||15,000| |Kisha ron||10,000| |Beit Halochem||10,000| |Other||12,601| ## |GRANTS PAYABLE||||| |---|---|---|---|---| ||Group||Charity|| ||2021
f|2020|2021
f|2020
F| |Grants|83101|370761|83101|370761| ||||Group||Charity|| |---|---|---|---|---|---|---| ||||Grant||Grant|| ||||funding of||funding
of|| ||||activities||activities|| ||||2021
f|2020
E|2021
f|2020
E| |Educational|||367700|201810|36,700|201,810| |Advancement||of religion||122,513||122,513| |Relief of
General|poverty and illness
purposes||43,000
3401
83101|46,438
370761|43,000
3401
83101|46,438
370761| ## ## |||||Group||Charity|| |---|---|---|---|---|---|---|---| |||||Governance||Governance|| |||||costs||costs|| |||||2021
f|2020
f|2021
f|2020
f| |Support|costs|||53305|67 418|17581|20 589| |Support|costs, included||in the above,|are as follows:|||| |||||Group||Charity|| |||||2021
f|2020|2021
f|2020
f| |Bank charges
Hire of plant and machinery
Auditors'
remuneration
Accountancy
and legal fees||||2/222
2,759
2,400
45924
53305|758
4,231
2,400
60 D29
67 418|2/222
2,759
2,400
10200
17581|758
4,231
2,400
13 2DD
20 589| ## ## ## |10.
TANGIBLE FIXEDASSETS||||| |---|---|---|---|---| |Group|Improvements||Fixtures|| ||to leasehold|Plant and|fittings and|| |Cost|property
f|machinery
E|equipment
E|Total
E| |At 1 April 2020
Additions|849,285|99,090|381,035
16835|1,329,410
16835| |At 31 March 2021|849 285|99 09D|397870|1346 245| |Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021|213,040
78 006
291046|87,995
2 774
9D 769|325,266
38525
363791|626,301
119305
745 606| |Net book values||||600 639| |At 31 March 2021|558 239|8 321|34 D79|| |At 31 March 2020|636 245|11095|55 769|703 109| ## |||||Country|of|||||Proportion| |---|---|---|---|---|---|---|---|---|---|---| |||||registration|or|Nature of|Shares||held|ofshares| |Charity||||incorporation||business|||class|held| |Subsidiary
undertaking
Churchill
House Management|||Limited|UK||Provision of|Ordinary|shares||100%| |||||||serviced office||||| |||||||facilities||||| ## ## |FIXEDA|SSET|INVEST|MEN|TS -conti|nued|||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||Capital and reserves
f|Profit/(loss||for the year)
f|| |Churchill|House|Management||Limited||821,411||||30,154| ||||||Country
registration|of
or
Nature of|Shares held|||Proportion
ofshares| |Company|||||incorporation
business|||class||held| |Participating
interest
Foframe of Huntingdon|||Limited||UK|Holding
company|Ordinary|shares||25%| |||||||and warehouse||||| |||||||letting||||| ||||||Capital and reserves
f|Capital and reserves
f|Profit/(loss|Profit/(loss|for the year)
f|for the year)
f| |---|---|---|---|---|---|---|---|---|---|---| |Foframe of Huntingdon||Limited||||2,831,615||||82,002| |Subsidiaries ofFoframe of|||Huntingdon|Limited||||||| |||||Country|of|||||Proportion| ||||registration||or|Nature of|Shares held|||ofshares| |Company||||incorporation||business||class||held| |Sixtrees Limited||||UK|Photo frames||Ordinary|shares||25%| |Foframe Properties|Limited|||UK|Property|investment|Ordinary|shares||25%| |year were as follow|s:|||| |---|---|---|---|---| |||Capital and reserves|Profit/(loss|for the year)| |||E||| |Sixtrees Limited||775,148||36,385| |Foframe Properties|Limited|1,393,258||52,332| ## ## ## ## ## ||||Group||Charity|| |---|---|---|---|---|---|---| |||2021||2020|2021|2020| |||||E||| |Trade|debtors|92,668||152,294||| |Other|debtors|1051296||60 863|1233 332|266 912| |||1143964||213 157|1233332|266 912| ## ## |||||Group||Charity|| |---|---|---|---|---|---|---|---| ||||2021||2020
E|2021
f|2020
E| |Other|unlisted|investments|53843||53 843|67 843|67 843| ## ||||Group|Charity|| |---|---|---|---|---|---| |||2021|2020|2021|2020| ||||E||E| |Bank|loans and overdraft (see note 16)|4|4|4|| |Trade|creditors|3567256|232 288|1797690|68 598| |Other|creditors|306479|419445|67 052|36 158| |||662739|651 737|246746|1D4 76D| ## ## |n analysi|s ofthe maturity of loans is given b|elow:|||||| |---|---|---|---|---|---|---|---| |||||Group||Charity|| ||||2021||2020|2021|2020| ||||||E|E|f| |Amounts|falling due within one year on||||||| |demand:|||||||| |Sank overdraft|||||||| |||19|||||| ## |Group|Group|||||||| |---|---|---|---|---|---|---|---|---| ||||1|April 2020
f|Incoming
resources
f|Resources
expended
f|Transfers
and Gainsf|31March
2021f| |Educational
Accumulated|reserve
general|fund||7,000,000
20 116365|2 500 868|~1608 332|500,000
~436 786|7,500,000
20 572 115| |||||27 116365|2 500 868|~1608332|63 214|28 072 115| ||Charity|||||||| ||||1|April 2020
f|Incoming
resources
f|Resources
expended
f|Transfers
and Gainsf|31March
2021f| |Educational
Accumulated|reserve
general|fund||7,000,000
17965483
24 965483|1 145082
1 145082|~262 165
~262 165|500,000
~500 ODO|7,500,000
18348400
25 848 400| ## ## ## ## ## |FINANCIAL INSTRUMENTS|FINANCIAL INSTRUMENTS|FINANCIAL INSTRUMENTS||||| |---|---|---|---|---|---|---| |Group|||||2021
f|2020
f| |Financial|assets measured
at|amortised|cost||1 143964|213 167| |Financial|liabilities
measured|at amortised||cost|662,739|651,737| ## ## |Charity|||||||2021
f|2020
f| |---|---|---|---|---|---|---|---|---| |Financial|assets measured||at|amortised|cost||1 233 332|266 912| |Financial|liabilities|measured||at amortised||cost|246,746|104,760|