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2020-12-31-accounts

Trustees H Hofbauer
R Hofbauer
Secretary H Hofbauer
Charity number 285533
Company number 01650188
Principal and Registered office 282 Finchley Road
Hampstead
London
NW3 7AD
Auditors Gerald Edelman
73 Comhlll
London
EC3V 3QQ
Bankers Royal Bank ofScotland
Piccadllly Circus Branch
48 Haymarket
London
SW1Y4SE
Lioyds Bank
25 Gresham Street
London
EC2V 7HN

Page
Trustees'
report		 1 —4
Statement
of		 Trustees'
responsibilities
Independent auditors
report		 6-8
Consolidated statement
offinanctal		 activities
Consolidated balance sheet to
Statement
ofconsolidated
cash flows
Notes to the consolidated
accounts		 12-26

Notes 2020f 2019
Income
m:
investments 3 1,122,003 1,171,467
Total Income 1,122,003 1,171,467
~Ex e tfIIIgDum:
Qfil.~in
funds
Property
management		 costs 4 398,280 405,004
Charitable
activities		 6 939,637 1,283,219
Total expenditure 1,337,917 1,668,223
Net expenditure before Investment returns (216,914) (516,756)
Net gains/gosses) on investmsnts 13 660,000 (1,144,462)
Net Income/(expenditure)/Net movement In funds for the year 434y088 (1,661,218)
Reconciliation of funds
Fund balances
at		 1 January 2020 9,676,342 11,337,560
Fund balances at 31 December 2020 23 10,110,428 9,676,342

Group Group Charity Charity
2020 2019 2020 2019
8 8 8 6
Fixed assets
Investment properBes 12,313335 14,273,153 11,463,335 13,423,153
Investments 75,600 75,600 81»00 81,700
12,388,935 14,348,763 11,545,035 13,504~
Current assets
Debtors 275,738 75,108 989,634 804,616
Cash at bank and In hand 155,966 214,084 121,937 183,975
4M»04 289,192 1,'t17,5?'I 988,591
Creditors: amounts falling due
within one year 19 (763»tg) (704235) (713,317) (661,880)
Net current sssetsi (liabDitles) (332,015) (415,043) 404,254 326,711
Total assets less current Debilities 12,058,920 13,933,710 1'I,949,289 13,83'(,584
Creditors: amounts 1alllng due after
more than one year (t)946,492) (4,257MB) ((i?49298) (4,062,368)
Net assets 10,110,428 9,676~2 10,199,991 9,769,198
Income funds
I(0~as
r~l
General
unrestricted		 funds 10,110,428 9,678,342 18,199,991 9,789,196
Revaluation rssenre
10.')10,428 9,876,342 10,199,991 9,769,198

2020 2019
Notes 6
Cash flows from operating activities
Cash absorbed
by operations		 27 (1ea,a28) (367,198)
Interest paid (154,000) (139,799)
Net cash outflow from operating (343,928) (505,997)
activities
Investing
activities
Purchase
of investment
property		 (490,182) (542,515)
Proceeds ofsale of investment property 3,100,000
Net cash used in investing activities 2,609,818 (542,515)
Financing
activities
Proceeds ofnew bank loans 476,126 456,047
Repayment
of bank loans		 (2,690,038) (256,662)
Net cash generated
from/(absorbed		 by)
financing
activities		 (2,214,913) 199,385
Net Increase/(decrease)
In		 cash and cash 50,977 (850,127)
equivalents
Cash and cash equivalents at beginning ofyear 104,989 955,116
Cash and cash equivalents st end ofyear 166,966 104,989
Relating to:
Bank balances and short-term deposits 165,966 214,084
Bank overdrafts 18 (109,095)
155,aee 104,989

4 Raising funds Raising funds
2020 2019
6 6
ro s
m		 ementcos
Other costs 330,376 355,307
Support costs (induding governance) 34,441 35,058
Legal and professional 33,463 13,529
398,280 405,004
6 Charttable activities
2020 2019
6
Grants payable (see note 7) 939,637 1,283,219
6 Support costs
2020f 2019f
Audit fess 21,000 15,750
Accountancy fees 13,441 19,318
34,441 36,058

7 Grants payable 2020
6		 2019f
AV Trust 12,000 7,500
BEFORE Trust 12,500 18,600
Bels Abanbaruch 83,000
Beis Avrohom
Synagogue		 650 350
Belt Hamidrash
Abarbanel		 Ashdod 361,059 80,000
Bels Medrash
VeKollel		 23,000
British Friends ofChavel Hevron 3,600
C EN Trust 23,000
Chevras Ezras Nizrochim 17,500
Chevras
Mo'oslodol		 44,500
CML 5,000 21,200
CMZ 16,000
Ezra LrMarpeh 27,000 18,600
Ernuno 10,000 81,750
Friends of Beis Chinuch Lebonos 40,000
Gesher Charitable Trust 10,000
Haskel school 30,000
Ichud Mosdos Gur 74,000
Keren Abanbanel 6,000 10,000
Keren Habihyan 10,000 20,000
Kollel Beis Yisroel 31,000
KTV Trust 16,000
Kupas Tzedoko V'chased 26,000 10,000
Lolev Charitable
Trust		 360 360
Mercaz Torah Vechesed 47,500
Mercaz HaTorah
Belz Machnovka		 57,740
Mercaz Le Haftzah 42,000
Mifalei Gevurah 14,642
One Heart Lev Echod 30,000 105,600
Pri Gidulim 10,000 10,000
SOFT 23,860 23,860
Shir Chesed Beis 20,000
Torah Lishmah 10,000 50,000
Torah Vochessed 72,646 118,460
YAM 20,000 20,000
Yeshivat Chochmat Shlomo 15,909 16,800
Various others - with individual value below 616,000 108,111 256,299
939,637 1,283,219

ofthe results of the Charita ble comp any
Trumros
Limited is p		 resented
below:
Total Total
2020 2019
6 6
Total incoming resources 1,071,238 1,090,414
Costs ofgenerating
funds		 (360,806) (323,606)
Total charitable expenditure (939,637) (1,283,219)
Net expenditure before investment returns (219,205) (516,411)
Revaluation
of		 investment properties (413,061) (1,144,462)
Gain on sale of investment property 1,063,061
Net movement in funds 430,795 (1,660,873)
Fund balances at 1 January 2020 a,yea,tae 11,430,069
Fund balances at 31 December 2020 10,199,991 9,769,196

The results oft
are as follows:		 he charity's subsidiary ,
Emdastates
Limited, as extr		 acted from Its audited
financial sta		 tements,
Total Total
2020 2019
6
Profl
oss		 A nt
Turnover 98,184 109,547
Administrative expenses (43,779) (73,203)
Interest receivable 49 69
Interest payable (6,722) (7,848)
Revaluation
of		 investment properties
Profit for the year before charitable donations 47,732 28,565
Donations
paid		 to parent undertaking (46,103) (28,565)
Retained
profit		 2,629
()00egs andldfib~li i s
Fixed assets 850,000 850,000
Current assets 32,510 33,564
Current
liabilities		 (769,102) (774,979)
Liabilities
falling due after more than one year		 (197,194) (195,000)
Net Liabilities (83,786) (85,415)
Represented
by:
Share Capital 100 100
Profit and loss reserves (83.886) (86,515)
(83,786) (86,415)

Total Total
2020 2019
Profit and Loss Ac n
Administrative expenses (343) (344)
Loss for the year (343) (344)
Retained loss (343) (344)
Current assets 607 667
Current
liabilities		 (33,976) (33,692)
Net Liabilities (33,368) (33,025)
Represented by:
Share Capital 6,000 6,000
Profit and loss reserves (39,368) (39,025)
(33,368) (33,025)
10 Net expenditure
for		 the year 2020 2019
8
This is stated afier charging:
Fees payable
ofthe group's		 to the company's
annual
accounts		 auditors for the audit 21,000 16,750
Bank interest payable 138,270 139,799

13 Net gains/(lo sses)
on In		 vestments
2020f 2019
6
Revaluation of investment properties (413,061) (1,144,482)
Gain on sale ofinvestment property 1,063,061
650,000 (1,144,482)
14 Investment Properties
Group Freehold
Land and		 Leasehold
property		 Total
buildingsf
Cost
At1 January 2020 11,294,872 2,978,481 14,273,153
Additional
works		 490,182 490,182
Dlsposals (2,225,000) (2,225,000)
Revaluations (225,000) (225,000)
At 31 December 2020 9,559,854 2,753,481 12,313,335
Depreciation and Impairment
At 1 January 2020 and at 31 December 2020
Carrying
amount
At 31 December 2020 9,559,854 2,753rt81 12,313,335
At 31 December 2019 11,294,872 2,978,481 14,273,153

Charity Freehold Leasehold Total
Land and property
buildings
8 8
Cost
At 1 January 2020 10,849,872 2,573,481 13,423,153
Additional
works		 490,182 490,182
Disposals (2,225,000) (2,225,000)
Revaluations (225,000) (225,000)
At 31 December 2020 9,114,854 2,348,481 11,463,335
Depreciation and Impairment
At 1 January 2020 and at 31 December 2020
Carrying
amount
At 31December 2020 9,114,854 2,2348,481 11,483,336
At 31 December 2019 10,849,572 2,573,481 13,423,153
14 Investment Properties (Continued)
15 Fixed asset Investments Group Group Charity Charity
2020 2019 2020 2019
Notes 6 f 8 6
At cost
Investments in subsidiaries 26 6,100 5,100
Other investments 75,600 75,BOO 75,600 75,BOO
?5,600 75,500 81,700 81,700

16 Financial
Instruments		 Financial
Instruments		 Group Group Charity Charity
2020 2019 2020 2019
E E E f.
Carrying
amount		 offinancial assets
Debt Instruments measured at amortised cost 267,108 51,523 938,678 783,119
Equity instruments
Impairment		 measured at cost less 6,100 5,100
267,108 51,523 944,778 789,219
Carrying
amount		 offinancial liabilities
Measured at amortised cost 2/464, 223 4,708,913 2,140,614 4,155,035
17 Debtors Group Group Charity Charity
2020 2019 2020 2019
Amounts
falling		 due within one yean E E E
Trade debtors 148,835 30,317 145,836 28,617
Amounts
due from subsidiary		 undertakings 718,985 733,530
Other debtors 108,274 21,205 108,274 20,873
Prepayments
and		 accrued income 18,629 23,585 16,640 21,495
275,738 75,108 989,634 804,515
18 Loans and overdrafts
Group Group Charity Charity
2020f 2019
E		 2020
E		 2019
f
Bank overdraRs 109,095 108,878
Bankloans 2,258,205 4,473,119 2,038,080 4,258,119
2,268,206 4,582,214 2,038.080 4,354,997
Payable within one year 311,713 324,845 288,782 302,529
Payable aRer one year 1,946,492 4,257,368 1,749,298 4,052,368

19 Creditors: amounts falling due falling due within one year
Group Group Charity Charity
2020 2019 2020 2019
Notes 5 8 f f
Loans and overdraRs 18 311,713 324,846 288,782 302,B29
Other taxation
and social security		 32,937 31,816
Trade creditors 64,940 28,588 49,060 26,538
Other creditors 126,127 83,539 126,126 83,539
Accruals and deferred Income 238,002 267,262 217,643 247,174
763,719 704,235 713,317 661,880
20 Creditom: amounts faglng due after more than one year
Group Group Charity Charity
2020 2019 2020 2019
Notes 8 f 6
Loans and overdraRs 18 1,946,492 4,257,368 1,749,298 4,062,3BB
21 Deferred Income
2020f 2019
6
Rental and insurance income 196,874 247,690
195,874 247,690
Deferred income is included in the financial statements as follows:
Current
liabilities		 195,874 247,690
195,874 247,690

Movement In funds
Balance at 1 Income Expenditure
Revaluations,		 Transfers Balance at 31
January gains and December
2020 losses 2020
8 8 6 f
General Funds 9,575,342 1,122,003 (1,337,917) 550,000 10,110,428
Revaluation reserve
9,575,342 1,122,003 (1,337,917) 550,000 10,110,428

2020 2019
8
Within one year 13,600 13,500
Between two and five years 64,000 54,000
In over five years 33,750 47,250
101,260 114,750

2020 2019
f 8
Within one year 864,663 1,188,137
Between two and five years 2,688,283 3,929,078
In over five years 1,823,166 2,427,932
6,274,012 7,545,147