2021-06-30-accounts

								Page
Trustees' annual report		(incorporating		the directors' report)
Independent	auditor's	report to the members
Consolidated	statement offinancial		activities		(including		income and
expenditure	account)							10
Parent statement offinancial activities				(including		income	and
expenditure	account)
Consolidated	statement offinancial position							12
Parent balance sheet								13
Consolidated	statement ofcash flows							14
Notes to the	financial	statements						15

follows:
				2021	2020
Grants and donations			paid out	3,204,600	1,818,300
Net rental	income			2,672,738	2,369,348
Dividend	income from listed investments			23,474	29,602
Investment	property		at fair value	42,436,689	42,188,026
Listed investments		at fair value		650,176	390,782

						2021	2021	2020
						Unrestricted		Unrestricted
						funds	Total funds	funds
					Note	g
Income and	endowments
Donations and legacies					5
Investment	income				6	3,892,730	3,892,730	3,852,272
Total income						3,892,730	3,892,730	3,852,272
Expenditure
Expenditure	on raising funds:
Investment management			costs		7	(1,302,131)	(1,302,131)	(1,520,478)
Expenditure	on charitable	activities			8,9	(3,226,710)	(3,226,710)	(1,842,966)
Taxation					12	(34,494)	(34,494)	35,634
Total expenditure						(4,563,335)	(4,563,335)	(3,327,810)
Fair value movements					13	259,394	259,394	(170,404)
Net income	and net movement			in funds		(411,211)	(411,211)	354,058
Reconciliation offunds
Total funds	brought forward				24	34,134,053	34,134,053	33,779,995
Total funds	carried forward				25	33,722,842	33,722,842	34,134,053

		Year ended	30June	2021	2021
				2021		2020
				Unrestricted		Unrestricted
				funds	Total funds	funds
			Note	8
Income and endowments
Donations snd legacies			5	3,060,000	3,060,000	1,960,198
Total income				3,060,000	3,060,000	1,960,198
Expenditure
Expenditure on charitable	activities		8,9	(3,226,710)	(3,226,710)	(1,842,966)
Total expenditure				(3,226,710)	(3,226,710)	(1,842,966)
Fair value movements			13	(246,501)	(246,501)	238,826
Net expenditure and net	movement	in funds		(413,211)	(413,211)	356,058
Reconciliation offunds
Total funds brought forward			24	34,136,154	34,136,154	33,780,096
Total funds carried forward			25	33,722,943	33,722,943	34,136,154

				2021	2020
			Note
Fixed assets
Tangible fixed assets			16	11,053	14,738
Investments			17	43,086,865	42,578,808
				43,097,918	42,593,546
Current assets
Debtors			19	1,634,741	1,376,958
Cash at bank and in hand				377,766	1,721,650
				2,012,507	3,098,608
Creditors: amounts	falling due within	one year	20	(2,972,758)	(2,827,908)
Net current liabilities				(960,251)	270,700
Total assets less current liabilities				42,137,667	42,864,246
Creditors: amounts	falling due after	more than one year	21	(3,188,457)	(3,538,319)
Provisions			23	(5,226,368)	(5,191,874)
Net assets				33,722,842	34,134,053
Funds ofthe charity
Unrestricted funds				33,722,842	34,134,053
Total charity funds			25	33,722,842	34,134,053

Year	ended 30June 202	1
			2021	2020
			f
Cash flows from operating activities
Net income			(411,211)	354,058
Adjustments for: Depreciation oftangible fixed assets Fair value movements			3,685 (259,394)	4,914 170,404
Dividends, interest and rents from investments			(3,892,730)	(3,852,272)
Other interest receivable and similar income
Taxation			34,494	(35,634)
Accrued (income)/expenses			7,746	(81,816)
Donations received and granted in the form	of subsidiaries
Changes in: Trade and other debtors			(257,783)	289,066
Trade and other creditors			128,112	240,202
Cash generated from operations			(4,647,081)	(2,911,078)
Interest received
Net cash used in operating activities			(4,647,081)	(2,911,078)
Cash flows from investing activities
Dividends, interest and rents &om investments			3,892,730	3,852,272
Purchases ofother investments			(248,663)	(400,442)
Proceeds from sale ofother investments				19,000
Net cash from investing activities			3,644,067	3,470,830
Cash flows from financing activities Proceeds from borrowings			(340,870)	903,601
Net cash from/(used in) financing activities			(340,870)	903,601
Net increase in cash and cash equivalents			(1,343,884)	1,463,353
Cash and cash equivalents at beginning	ofyear		1,721,650	258,297
Cash and cash equivalents at end ofyear		27	377,766	1,721,650

member in Donations	the event ofa and legacies	winding up	is limited to $1.
Ch~itx			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
Donations
Gift Aid received			3,060,000	3,060,000	1,960,198	1,960,198
Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
Income from investment		properties	3,869,256	3,869,256	3,822,670	3,822,670
Income from other investments			23,474	23,474	29,602	29,602
			3,892,730	3,892,730	3,852,272	3,852,272

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
Investment management		costs	1,093,993	1,093,993	1,366,127	1,366,127
Administrative	expenses		105,613	105,613	67,156	67,156
Other interest payable Finance charges			93,271 9,254	93,271 9,254	81,587 5,608	81,587 5,608
			1,302,131	1,302,131	1,520,478	1,520,478

Expenditur	e on charitable a	ctivities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
Charitable	activity	3,204,600	3,204,600	1,818,300	1,818,300
Support costs		22,110	22,110	24,666	24,666
		3,226,710	3,226,710	1,842,966	1,842,966

Expenditure	on charitable ac	tivities by activity type
		Grant
		funding of		Total funds	Total fund
		activities	Support costs	2021	2020
		f.
Charitable	activity	3,204,600		3,204,600	1,818,300
Governance	costs		22,110	22,110	24,666
		3,204,600	22,110	3,226,710	1,842,966

nalysis ofs	upport	costs
		Accountancy
		and non-		General	Legal &
		audit fees	Audit fees	expenses	Professional	Total 2021	Total 2020
					f.
Governance	costs	5,000	12,120	990	4,000	22,110	24,666

11.	Analysis ofgrants		Year ended 30	June 2021
					Year to	Year to
					30June 21	30June 20
					s
	Grants to institutions
	Asser Bishvil Foundation				37,000
	Beis Ruchel D'Satmar (London) Ltd				33,600	50,000
	Congregation Vyoel Moshe D'Satmer Charitable Chevras Mo'oz Ladol			Trust	25,000 48,000	45,000 30,000
	Collel Chibath Yerushalayim,		Rabbi Meir Baal	Hanes Trust	30,000	50,000
	The Friends ofYeshivas	Brisk			33,000	3,000
	Keren Ezra Mimtzika				23,600	30,000
	Ora Vesimcha				10,000	30,000
	Palmcourt Limited				50,000
	United Talmudical Associates		Ltd		2,130,000	890,000
	UTRY				45,000	30,000
	Vyoel Moshe Charitable Trust Yetev Lev London Jerusalem		Trust		35,000 51,000	35,000 105,000
	Yesamach Levav				28,000	35,000
	YG SYeshiva Gedola Seminar				18,000	35,000
	Other donations below 630,000				607,400	450,300
					3,204,600	1,818,300
	Total grants				3,204,600	1,818,300
	Analysis ofGrants to Institutions:
	Advancement ofthe Jewish Religion				1,054,783	576,100
	Advancement ofJewish	Education			1,117,734	679,100
	Relief ofPoverty				1,032,083	563,100
	Total				3,204,600	1,818,300
12.	Taxation
	Deferred tax:
					2021	2020
	Origination and reversal	oftiming differences			34,494	(35,634)
	Taxation				34,494	(35,634)

~Grou			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
Gains/(losses)	on investment	property			18,850	18,850
Gains/(losses)	on listed investments		259,394	259,394	(189,254)	(189,254)
			259,394	259,394	(170,404)	(170,404)
Charity			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
Gains/(losses)	on subsidiary
undertakings			(246,501)	(246,501)	238,826	238,826
			(246,501)	(246,501)	238,826	238,826
Net income
Net income is stated after charging/(crediting):
					2021	2020
Depreciation oftangible fixed assets					3,685	4,914
Non audit fees						12,600
Fees payable for the audit ofthe financial			statements		24,480	25,602

The charity did not meet any expenses (2020: gnil) incurred to the charity. Tangible fixed assets	by the trustees for services provided
	Plant and
	machinery
Cost
At 1July 2020 and 30June 2021	26,202
Depreciation
At 1 July 2020	11,464
Charge for the year	3,685
At 30June 2021	15,149
Carrying amount
At 30June 2021	11,053
At 30June 2020	14,738

Investments Notes to the Financia Year ended	l Statements (conrt sert 30Jane 2021	)
	Listed	Investment
~Grou	investments	properties	Total
Cost or valuation
At 1 July 2020	390,782	42,188,026	42,578,808
Additions		248,663	248,663
Fair value movements	259,394		259,394
At 30June 2021	650,176	42,436,689	43,086,865
Impairment AtIJuly 2020 and 30June 2021
Carrying amount
At 30June 2021	650,176	42,436,689	43,086,865
At 30June 2020	390,782	42,188,026	42,578,808

evidence oftransaction prices for similar properties and condition.	in the same location taking acco	unt their age
	Subsidiary
Charity	Undertaking investments	Total
Cost or valuation
At 1 July 2020	34,012,873	34,012,873
Additions
Disposals
Fair value movements	(246,501)	(246,501)
At 30June 2021	33,766,372	33,766,372
Impairment AtIJuly 2020 and 30June 2021
Carrying amount
At 30June 2021	33,766,372	33,766,372
At 30June 2020	34,012,873	34,012,873

vestment bsidiaries	entities	Yea	r ended 30June	2021
			Description	4t Proportion	Nature of
			OfShare Capital		Owned	Business
Altena Estates Limited			Ordinary	100%	Property	Investment
			Preference	100%
Barryvale	Limited		Ordinary	100%	Property	Investment
Fleetguild	Limited		Ordinary	100%	Property	Investment
Hiltshore	Limited		Ordinary	100%	Dormant
Mirette Investments		Limited	Ordinary	100%	Property	Investment
			Preference	100%

Mirette Investments Lim	Mirette Investments Lim	ited Ordinary Preference	100% 100% Property Investment	100% 100% Property Investment	100% 100% Property Investment
The subsidiaries have year		ends coterminous with the	parent charity and the 2021 figures are disclosed
below		C~ T	N~dit		Prolit/Loss
		Number
Altena Estates Limited		01042867		(2,847)	(2,847)
Barryvale	Limited	03584191 1,449,686		(397,918)	1,051,768
Fleetguild	Limited	02787962 1,766,342		(634,678)	1,131,664
Hiltshore	Limited	02788553
Mirette Investments		01024660 676,702		(266,688)	410,014
Limited
		Fixed Current		~lt	NtN t
		Assets Assets	Liabilities	Liabilities
Altena Estates Limited		1,202,018 1,033,151	(940,242)		1,294,927
Barryvale	Limited	11,958,324 962,294	(5,314,296)	(1,373,681)	6,232,641
Fleetguild	Limited	20,742,174 564,681	(1,291,398)	(2,709,135)	17,306,322
Hiltshore	Limited	100 5,747	(11,995)		(6,148)
Mirette Investments		9,195,402 4,177,645	(102,409)	(4,332,009)	8,938,629
Limited

19.	Debtors
					2021	2020
	Trade debtors				1,253,054	1,032,432
	Prepayments and accrued		income		22,605	18,333
	Other debtors				359,082	326,193
					1,634,741	1,376,958
20.	Creditors: amounts	falling due within		one year
	Group				2021	2020
	Bank loans and overdrafts				339,760	330,768
	Trade creditors					10,111
	Accruals and deferred	income			155,167	147,421
	Social security and other		taxes		1,316
	Other creditors				2,476,515	2,339,608
					2,972,758	2,827,908
	Charity				2021	2020
	Accruals and deferred	income			22,431	24,511
	Other creditors				28,755	28,755
					51,186	53,266
21.	Creditors: amounts	falling due atter		more than one year
					2021	2020
	Bank loans and overdrails				3,188,457	3,538,319
22.	Deferred tax
	The deferred tax included		in the statement offinancial position is		as follows:
					2021	2020
					K
	Included in provisions	(note 23)			5,226,368	5,191,874
23.	Provisions
						Deferred tax
						(note 22)
	At 1 July 2020					5,191,874
	Additions					34,494
	At 30June 2021					5,226,368

			At			Fair value		At
Group		I July	2020	Income	Expenditure	movements		30June 2021
				f,
General	funds	34,134,053		3,892,730	(4,563,335)	259,394		33,722,842
			At			Fair value		At
		I April	2019	Income	Expenditure	movements	30June 2020
General	funds	33,779,995		3,852,272	(3,327,810)	(170,404)		34,134,053
Unrestricted		funds
			At			Fair value		At
Charity		I July	2020	Income	Expenditure	movements		30June 2021 f.
General	funds	34,136,154		3,060,000	(3,226,710)	(246,301)		33,722,943
			At			Fair value		At
		I April	2019	Income	Expenditure	movements	30June 2020
General	funds	33,780,096		1,960,198	(1,842,966)	238,826		34,136,154
Analysis	ofnet assets between funds
						Unrestncted		Total Funds
						Funds		2021
Tangible fixed assets Investments						11,053 43,086,865		11,053 43,086,865
Current	assets					2,012,507		2,012,507
Creditors	less	than I year				(2,972,758)		(2,972,758)
Creditors	greater than I year					(3,188,457)		(3,188,457)
Provisions						(5,226,368)		(5,226,368)
Net assets						33,722,842		33,722,842
						Unrestricted		Total Funds
						Funds		2020
Tangible fixed assets Investments						14,738 42,578,808		14,738 42,578,808
Current	assets					3,098,608		3,098,608
Creditors less than I year Creditors greater than I year Provisions						(2,827,908) (3,538,319) (5,191,874)		(2,827,908) (3,538,319) (5,191,874)
Net assets						34,134,053		34,134,053

Analy	sis ofchanges in net debt
				At
		At 1 Jul 2020	Cash flows	30Jun 2021
Cash	at bank and in hand	1,721,650	(1,343,884)	377,766
Debt	due within one year	(330,768)	(8,992)	(339,760)
Debt	due after one year	(3,538,319)	349,862	(3,188,457)
		(2,147,437)	(1,003,014)	(3,150,451)

Analysis ofcash and cash	equivalents
		2021	2020
Cash at bank and in hand		377,766	1,721,650
Overdraft facility repayable	on demand	(-)	(-)
Total cash and cash equivalents		377,766	1,721,650