## ## |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|