| PAGES | |||||
|---|---|---|---|---|---|
| Trustees' Annual Report (Incorporating |
the | Director's Report) | 1to 4 | ||
| Independent Auditor's |
Report to | the Members | 5to 10 | ||
| Statement ofFinancial | Activities | (Including | Income and Expenditure | ||
| Account) | |||||
| Statement ofFinancial | Position | 12 | |||
| Notes to the Financial | Statements | 13to 20 |
| YE | AR ENDED | 31DECE | MBER 2021 | MBER 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | ||||||||
| funds | Total funds | Total funds | ||||||
| Note | ||||||||
| Income and endowments | ||||||||
| Investment | income | 5 | 289,729 | 289,729 | 291,743 | |||
| Total income | 289,729 | 289,729 | 291,743 | |||||
| Expenditure | ||||||||
| Expenditure | on raising funds: | |||||||
| Investment management |
costs | 6 | (68,539) | (68,539) | (83,124) | |||
| Expenditure | on charitable | activities | 7,8 | (175,017) | (175,017) | (158,637) | ||
| Total expenditure | (243,556) | (243,556) | (241,761) | |||||
| Net gains/(losses) on investments |
11 | 137,971 | 137,971 | |||||
| Net income | and net movement | in funds | 184,144 | 184,144 | 49,982 | |||
| Reconciliation offunds |
||||||||
| Total funds | brought forward |
5,324,870 | 5,324,870 | 5,274,888 | ||||
| Total funds | carried forward | 5,509,014 | 5,509,014 | 5,324,870 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| FIXE9ASSETS Tangible fixed assets |
16 | 5,351,468 | 5,198,516 | |||
| CVRRFAT ASSETS Ikbtors Cash at bank and in hand |
17 | 1,771~2 113+11 |
1,772,936 97,696 |
|||
| 1/84,593 | 1870 632 | |||||
| CREDITORS: amounts falling due within one year NET CURRENT ASSETS |
18 | (1,727,047) | 157,546 | (69,278) | 1,801,354 | |
| TOTAL ASSETS I,ESS LIABILITIES |
CljRRENT | 5,509,014 | 6,999,870 | |||
| CREDITORS: amounts falling due after more than one year |
(1,675,000) | |||||
| NET ASSETS | 5/09,014 | 5,324,870 | ||||
| FVNDS OF THE CHARITY Unrestricted funds |
5/09,014 | 5324,870 | ||||
| Total charity funds | 5,509,014 | 5,324 870 |
| INVESTMENT | INCOME | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| Rent and charges | receivable | 240,116 | 240,116 | 242,130 | 242,130 |
| Other interest receivable | 49,613 | 49,613 | 49,613 | 49,613 | |
| 289,729 | 289,729 | 291,743 | 291,743 | ||
| INVESTMENT | MANAGEMENT | COSTS | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| Property expenses | 33,867 | 33,867 | 42,531 | 42,531 | |
| Interest payable | and similar charges | 34,672 | 34,672 | 40,593 | 40,593 |
| 68,539 | 68,539 | 83,124 | 83,124 |
| 7. | EXPEND | ITURE ON CHA | RITABLE ACTIVITIES | BYFUND T | YPE | |
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| Donations | paid | 163,700 | 163,700 | 136,100 | 136,100 | |
| Support costs | 11,317 | 11,317 | 22,537 | 22,537 | ||
| 175,017 | 175,017 | 158,637 | 158,637 | |||
| 8. | EXPENDITURE ON CHARITABLE ACTIVITIES | BYACTIVITY TYPE |
| EXPENDI | TURE ON CHA | RITABLE AC | TIVITIE | S BYA | CTIVI | TY TYPE | |
|---|---|---|---|---|---|---|---|
| Grant | funding | Total funds | Total fund | ||||
| of | activities | Support | costs | 2021 | 2020 | ||
| Donations | paid | 163,700 | 3,877 | 167,577 | 150,237 | ||
| Governance | costs | 7,440 | 7,440 | 8,400 | |||
| 163,700 | 11,317 | 175,017 | 158,637 |
| Support costs | Total 2021 | Total 2020 | ||
|---|---|---|---|---|
| General office | 3,877 | 3,877 | 14,137 | |
| Governance | costs | 7,440 | 7,440 | 8,400 |
| 11,317 | 11,317 | 22,537 |
| g advancement ofeducation, the relief of The composition ofdonations is shown |
poverty or the advancement o below: |
fhealth. |
|---|---|---|
| 2021 | ||
| Russian Immigrant Aid Fund Limited |
24,000 | |
| Colel Kupath Ramban Limited | 20,500 | |
| Rosecare Foundation | 11,600 | |
| Beth Midrash Lemoroth |
10,000 | |
| Kol Yom Trust | 10,000 | |
| North London Welfare and Educational | Foundation | 9,000 |
| Tchabe Kollel Limited | 8,000 | |
| Other donations | 70,600 | |
| 163,700 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||
| Gains/(losses) on investment |
property | 137,971 | 137,971 | |||
| 12. | NET INCOME | |||||
| Net income is stated after charging/(crediting): | ||||||
| 2021 | 2020 | |||||
| Depreciation oftangible fixed assets |
489 | 653 | ||||
| 13. | AUDITORS REMUNERATION | |||||
| 2021 | 2020 | |||||
| Fees payable for the audit of | the financial | statements | 7,440 | 8,400 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Investment | Fixtures and | ||
| properties | fittings | Total | |
| Cost | |||
| At 1 January 2021 |
5,196,559 | 26,241 | 5,222,800 |
| Additions | 15,470 | 15,470 | |
| Revaluations | 137,971 | 137,971 | |
| At 31December 2021 | 5,350,000 | 26,241 | 5,376,241 |
| Depreciation At I January 2021 |
24,284 | 24,284 | |
| Charge for the year | 489 | 489 | |
| At 31December 2021 | 24,773 | 24,773 | |
| Carrying amount At 31December 2021 |
5,350,000 | 1,468 | 5,351,468 |
| At 31 December 2020 | 5,196,559 | 1,957 | 5,198,516 |
| The historical cost ofthe properties | is K557,954(2020:f542,484). |
| 17. | The historical DEBTORS |
cost of | the | properties is K557, |
954(2020:f542,48 | 4). | |
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Trade debtors | 18,369 | 17,351 | |||||
| Prepayments Other debtors |
and accrued | income | 2,250 1,750,663 |
2,350 1,753,235 |
|||
| 1,771,282 | 1,772,936 | ||||||
| 18. | CREDITORS: amounts | falling due within | one year | ||||
| 2021 | 2020 | ||||||
| Bank loans and overdrafts | 1,675,000 | ||||||
| Trade creditors | 4,285 | ||||||
| Accruals and | deferred | income | 27,147 | 36,812 | |||
| Other creditors | 24,900 | 28,181 | |||||
| 1,727,047 | 69,278 |
| CREDI | TORS | : am | oun | ts falling due after |
more than | one year | ||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Bank loans and overdrafts | 1,675,000 | |||||||
| ANALYSIS OF CHARITABLE FUNDS | ||||||||
| Unrestricted | funds | |||||||
| At | At | |||||||
| 1 January 202 | Gains and 31December | |||||||
| 1 | Income | Expenditure | losses | 2021 | ||||
| General | funds | 5,324,870 | 289,729 | (243,556) | 137,971 | 5,509,014 | ||
| At | At | |||||||
| 1 January 202 | Gains and 31December | |||||||
| 0 | Income | Expenditure | losses | 2020 | ||||
| General | funds | 5,274,888 | 291,743 | (241,761) | 5,324,870 | |||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||||||
| Unrestricted | Total Funds | |||||||
| Funds | 2021 | |||||||
| Investments | 5,351,468 | 5,351,468 | ||||||
| Current | assets | 1,884,593 | 1,884,593 | |||||
| Creditors | less | than | 1 year | (1,727,047) | (1,727,047) | |||
| Creditors | greater than | 1 year | ||||||
| Net assets | 5,509,014 | 5,509,014 | ||||||
| Unrestricted | Total Funds | |||||||
| Funds | 2020 | |||||||
| Investments | 5,198,516 | 5,198,516 | ||||||
| Current | assets | 1,870,633 | 1,870,633 | |||||
| Creditors | less | than | 1 year | (69,279) | (69,279) | |||
| Creditors | greater than | 1 year | (1,675,000) | (1,675,000) | ||||
| Net assets | 5,324,870 | 5,324,870 |