2021-04-05-accounts

Trustees
	MsLindseyAnderson
	MrJulianSainsbury
	MissJudithPortraitOBE
	MsJessicaSainsbury
Registered	ThePeak
Office	5WiltonRoad -
	LondonSW1V1AP
Principal	MrsKarenEverett	ChiefOperatingOfficer
Officers	MsThrisaHaldar	Executive
	AllthePrincipalOfficersareemployedona part-timebasis.
Bankers	Child& Co
	1FleetStreet
	LondonEC4Y1BD
Solicitors	PortraitSolicitors
	21WhitefriarsStreet
	LondonECAM7JW
Auditors	SafferyChampnessLLP
	71QueenVictoriaStreet
	LondonEC4V4BE
Investment	Schroder& CoLimited
Advisers	102Moorgate
	LondonEC2R6DA

below:
	GrantsApproved	£
CivilLiberties& CommunityRelations	4	78,000
General	3	33,000
Jewish& IsraeliCauses	2	20,000
Overseas	1	27,500
YouthWork(includingart& education)	1	32,500
GrandTotal	11	191,000

		Unrestricted	Expendable	Expendable	TotalFunds
	Notes	Funds	Endowment		2021		2020
		£	’	£	£		£
Incomefrom:
Investments	3	464,079		-	464,079		575,666
BankdepositInterestandotherincome		63		-	63		"1,326
TotalIncome		464,142		-	464,142		576,992
Expenditureon:
Raisingfunds:
Investmentmanagementfees		-		53,597	53,597	+	56,350
Charitableactivity:
Grant-making:
Grantexpenditure	4	191,000		-	191,000		518,426
Grantrelatedsupportcosts	5	85,988		-	85,988		94,630
TotalExpenditure		276,988		53,597	330,585		669,406
NetOperatingSurplus/(Deficit)		187,154		(53,597)	133,557		(92,414)
Netgains/{losses)oninvestmentassets:		-		3,360,270	3,360,270		(2,857,155)
Transfersbetweenfunds	11	-		-	-		-
Netmovementinfunds		187,154		3,306,673	3,493,827		(2,949,569)
Reconciliationoffunds:
Totalfundsbroughtforward		-		13,856,211	13,856,211	16,805,780
Totalfundscarriedforward		187,154		17,162,884	17,350,038	13,856,211

		Restated
	2021	2020
	£	£
Netcashusedinoperatingactivities	(467,891)	(668,376)
Cashflowsfrominvestingactivities:
AdditionofFixedAssets	(4,118)	-
Dividendsandinterestfrominvestments	459,653	575,666
Purchaseofinvestments	(1,401,508)	(1,859,432)
ProceedsfromSaleofinvestments	1,163,690	2,415,412
Netcashprovidedby(usedin)investingactivities	217,717	1,131,646
Changeincashandcashequivalents	(250,174)	463,270
Cashandcashequivalentsbrought forward	671,931	208,661
Cashandcashequivalentcarriedforward	421,757	671,931
Reconciliationofnetcashusedinoperatingactivities
	2021	2020
	£	£
NetmovementinfundsasperStatementofFinancialActivites	3,493,827	(2,949,569)
Dividendsandinterestfrominvestments	(459,653)	(575,666)
(Gains)/Lossesoninvestments	(3,360,270)	2,857,155
Depreciationcharges	1,498	910
(Increase)/DecreaseinDebtors	(5,003)	16,865
DecreaseinCreditors	(138,290) (467,891)	(18,071) (668,376)

Analysisofthebalanceofcashasshowninthebalancesheet
			Changein
			year
	2021	2020
	£	£	£
Cashatbankandinhand	183,408	144,042	39,366
Cashbalancesheldbyinvestmentmanagerforreinvestment	238,349	527,889	(289,540)
	421,757	671,931	(250,174)

ANTSPAYABLE(continued)
Theamountpayableintheperiodconsistedotthetoilowing:
CivilUbertiesandCommunityRelations			£
BaobabCentreforYoungSurvivorsinExile			20,000
FreedomfromTorture(grantcancelled)			(22,000)
RefugeeandMigrantCentre(RMC)			33,000
RefugeesforJustice			5,000
RoomtoHeal			20,000
Overseas
AshdenSustainablesolutions,betterlives	:		27,500
YouthWork
DreamBelteveAchleve(DBA)			2,500
SalmonYouthCentre			18,000
YoungFutures			32,500
JewishandIsraeliCauses )		’
CouncilofChristians& Jews			10,000
WienerHolocaustLibrary			10,000
General
AshdenSustainablesolutions,betterlives			3,000
PhoenixArchSchool- formerlyVernonHouseSchool			1,500
TheSainsburyArchive			10,000
UnitedSt.Saviours			20,000
TotalgrantspayableperStatementofFinanclalActivities			191,000

ALLOCATIONOFSUPPORTCOSTS
	2021	2021	2021	2020	2020	2020
	Grant-	Governance	Total	Grant-	Governance	Total
	Making		Allocated	Making		Allocated
	£	£	£	£	£	£
Staffcosts	57,468	2,878	60,346	53,976	2,748	56,724
Shareofjointofficecosts	12,926	-	12,926	16,292	-	16,292
Directcostsincludingtravel	2,506	-	2,506	2,330	-	2,330
Legalandprofessionalfees	2,898	-	2,898	14,558	-	14,558
Depreciation	1,498	-	1,498	910	-	910
Auditors’remuneration	-	5,814	5,814	-	3,816	3,816
	77,296	8,692	85,988	88,066	6,564	94,630

ANALYSISOFSTAFFCOSTS
	2021	2020
	£	£
Salariesandwages	49,407	46,162
Socialsecuritycosts	5,494	5,012
Otherpensioncosts	5,445	5,550
	60,346	56,724

LeaseholdImprovements
	2021	2020
	£	£
Cost
At6 April2020 Additions	9,100 4,118	9,100 =
At5 April2021	13,218	9,100
Depreciation
At6 April2020	7,280	6,370
Chargefortheperiod At5 April2021	1,498 8,778	910 7,280
NetBookValue
At5 April2021	4,440	1,820

FIXEDASSETINVESTMENTS
	2021	2020
	£	£
Marketvalue6 April2020	13,463,177	16,876,312
Less:disposalsatproceeds	(1,163,690)	(2,415,412)
Add:Acquisitionatcost	1,401,508	1,859,432
Netgains/(losses)oninvestments	3,360,270	(2,857,155)
Marketvalue5 April2021	17,061,265	13,463,177
Investmentcash	238,349	527,889
Totalinvestments	17,299,614	13,991,066

Theinvestmentsheldasat5 April	2021wereasfollows:
		2021		2020
	Cost	Market	Cost	Market
		Value		Value
	£	£	£	£
FixedInterest	1,835,189	1,867,511	1,835,188	1,737,733
UKEquities	3,521,458	5,157,684	3,806,288	4,549,484
OverseasEquities	3,876,042	6,971,220	3,862,023	4,748,640
Alternatives	2,933,751	3,054,850	2,452,371	2,417,320
SocialInvestment	10,000	10,000	10,000	10,000
	12,176,440	17,061,265	11,965,870	13,463,177

2021	2020
£	£
50,467	45,464
50,467	45,464

CREDITORS- amountsfallingduewithinoneyear
	2021	2020
	£	£
Grantspayablewithinoneyear	147,500	292,500
Accruals	19,953	19,682
Othercreditors	20,438	13,999
	187,891	326,181

LYSISOFNETASSETSBETWEENFUNDS
	Unrestricted	Expendable	Totals
	Funds	Endowment	2021
	£	£	£
Fundbalancesat5 April2021arerepresentedby:
Tangiblefixedassets	-	4,440	4,440
Investments	-	17,299,614	17,299,614
Currentassets	360,792	(126,917)	233,875
Currentliabilities	(173,638)	(14,253)	(187,891)
Totalnetassets	187,154	17,162,884	17,350,038
Movementintheyear
Openingbalanceasat5 April2020	-	13,856,211	13,856,211
Totalincomeandendowments	464,142	-	464,142
Costofraisingfunds		(53,597)	(53,597)
Costofgrant-making	(276,988)		(276,988)
Netgainsoninvestments	-	3,360,270	3,360,270
Transfersbetweenfunds	-	-	-
Closingbalanceasat5 April2021	187,154	17,162,884	17,350,038

	Unrestricted	Expendable	Totals
	Funds	Endowment	2020
	£	£	£
Fundbalancesat5 April2020arerepresentedby:
Tangiblefixedassets	-	1,820	1,820
Investments	-	13,991,066	13,991,066
Currentassets	326,181	(136,675)	189,506
Currentliabilities	(326,181)	-	(326,181)
Totalnetassets	-	13,856,211	13,856,211
Movementintheyear
Openingbalanceasat5 April2019	-	16,805,780	16,805,780
Totalincomeandendowments	576,992	-	576,992
Costofraisingfunds	-	(56,350)	(56,350)
Costofgrant-making	(613,056)	-	(613,056)
Netlossesoninvestments	-	(2,857,155)	(2,857,155)
Transfersbetweenfunds	36,064	(36,064)	-
Closingbalanceas at5 April2020	-	13,856,211	13,856,211

			Unrestricted	Expendable		TotalFunds
		Notes	Funds	Endowment		2020
			£	£		£
	Incomefrom:
	Investments	3	575,666	-		575,666
"	Bankdepositinterestandotherincome		1,326	-		1,326
	TotalIncome		576,992	-		576,992
	Expenditureon:
	Raisingfunds:
	Investmentmanagementfees		-	56,350		56,350
	Charitableactivity:
	Grant-making:
	Grantexpenditure	4	518,426	-		518,426
	Grantrelatedsupportcosts	5	94,630	-		94,630
	TotalExpenditure		613,056	56,350	:	669,406
	NetOperatingDeficit		(36,064)	(56,350)		(92,414)
	Net(losses)/ gainsoninvestmentassets:		*	(2,857,155)		(2,857,155)
	Transfersbetweenfunds	11	36,064	(36,064)		-
	Netmovementinfunds		-	(2,949,569)		(2,949,569)
	Reconciliationoffunds:
	Totalfundsbroughtforward		-	16,805,780		16,805,780
	Totalfundscarriedforward		-	13,856,211		13,856,211