CHARITY REGISTRATION NUMBER: 327846
THORNE LODGE CHARITABLE TRUST UNAUDITED FINANCIAL STATEMENTS
5 APRIL 2021
COHEN ARNOLD
Chartered Accountants New Burlington House 1075 Finchley Road LONDON NW11 0PU
THORNE LODGE CHARITABLE TRUST
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2021
| PAGES | |
|---|---|
| Trustees' Annual Report | 1 to 3 |
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 12 |
THORNE LODGE CHARITABLE TRUST
TRUSTEES' ANNUAL REPORT
YEAR ENDED 5 APRIL 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Thorne Lodge Charitable Trust Charity registration number 327846 Principal office 41 Norrice Lea Hampstead Garden Suburb London N2 0RD THE TRUSTEES A Selby R D Selby P H Selby E H Isaacson Z R Brooks
INDEPENDENT EXAMINER Dov Harris FCA
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charitable trust was established by the Trust Deed dated 26 May 1988 and is an unincorporated charity registered with the Charity Commission (Registration no. 327846).
The day to day affairs of the charity are administered by the trustees.
The trustees were all appointed upon the formation of the charity. Future trustees will be recruited, appointed and trained by the existing trustees as they deem reasonable in furthering the charitable trust's objectives.
The investment powers of the trustees are described in the Trust Deed.
The Trust Deed allows the trustees to invest trust monies in any property and investment.
OBJECTIVES AND ACTIVITIES
The charitable trust's objectives are to make donations to charitable causes as determined by the trustees.
The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
ACHIEVEMENTS AND PERFORMANCE
During the year the charity continued its activities and maintained its support of charitable institutions and aggregate donations were paid in the sum of £83,368 (2020: £84,209). The trustees are satisfied that donations made during the year and subsequently have achieved the charitable trust's objectives.
The financial results of the charity for the year ended 5 April 2021 are fully reflected in the attached financial statement together with the notes thereon.
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THORNE LODGE CHARITABLE TRUST
TRUSTEES' ANNUAL REPORT (continued)
YEAR ENDED 5 APRIL 2021
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain free reserves at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year. The trustees have not undertaken any formal charitable commitments and consider that the charity will generate sufficient income from it's investments and from donations to fund its ongoing activities.
As at 5 April 2021 the charity had £1,501,484 (2020: £1,346,890) of unrestricted funds.
Investment policy
Under the Trust Deed, the charity has the power to make investments which the trustees consider appropriate. The trustees seek investments which, over a medium term, are anticipated to generate a dependable flow of income coupled with capital growth.
The trustees consider the return on investments, in terms of both income and capital growth, to be satisfactory.
Grant making policy
Grants are made to charitable institutions and organisations which accord with the objects of the Charity.
The Trustees are approached for donations by a wide variety of charitable institutions principally operating all over England. The Trustees consider all requests which they receive and make donations based on the level of funds available.
PRINCIPAL RISKS AND UNCERTAINTIES
Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to manage those risks.
PLANS FOR FUTURE PERIODS
The trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained.
POST BALANCE SHEET EVENTS AND GOING CONCERN
The outbreak of the Covid-19 during 2020 has presented the charity with some challenges regarding investment income which the trustees believe will continue for the foreseeable future. In addition, the uncertainty surrounding Brexit may also impact the UK economy and sources of income for the charity. These risks are beyond the control of the charity and represents uncertainty to the income of the charity. Notwithstanding the uncertainty, the financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, as the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due, based on the net current asset position of the charity. The trustees recognise that they have the ability to exercise control over the charity's grant making charitable activities.
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THORNE LODGE CHARITABLE TRUST TRUSTEES, ANNUAL REPORT (¢0 YEAR ENDED 5 APRIL 2021 The tnisices. annual Teport wa5 &pproved on 14 January 2022 and signed on behalf of the board of ustees by.. R D Selby Trustee
THORNE LODGE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTELS OF THORNE LODGE CHAIUTABLE TRUST YEAR ENDED 5 APRIL 2021 I retx>rt to the truslccs on tny cxamin<ion of the financial sla of Thorne L(Klge Charitabl¢ Trust I'(he chariiy) for the year ended 5 April 2021. RESPONSIBtLITIKS AIW BASIS OF REPORT As the tnL4teeti of the chariiy YOU wnsible for the preparation of the financial statents in a¢¢ordance with the reqUirenls of the Cljariiies Act 2011 ('the Act.). I retrrt in respeci of my examinion of the charirys financia] statentS Cled out under section 145 of the 2011 Act and in carrying out tny exami1tion I have followed all the applicable Directions given by thc Charity Commission under section 145(5)(b) of the Act. INDEPENDENf TrXAMINER'S sfATEMENr I have completed my exatnination. I confiTm that no merial mattet% have co£ to my attention in connection wÉth the examination giving cause io believe that in any material respect: a¢couniing records were not key in resw of the charity as required by section 130 of the Act: or Ihe financial staiements do not accord with those records; or Ihe financial Stalenn(S do not comply with the applicable requircmcnts Concerning the fonn and content of accounls sel out in thc Charities (Accourtis and Rem) Regulations 2(K)8 othcr than any r¢qUireTtt that the accounts give a 'true and fai¢ Yiew which is not a maIr considered 18 part of an independent examin10n. I haye no concerns and have co across no other matte]s in connection with the examination to which attention should drawn in this wrt in order io enable a proFr understanding of the accounts io reached. Dov Harris FCA Indyndeni Ex4miiner Cohen Arnold Chartered Accountants New Burlington House 1075 Finchlcy Road London NWII OPU 14 January 2022
THORNE LODGE CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 5 APRIL 2021
| 2021 | 2021 | 2020 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | – | – | 10,000 |
| Investment income | 5 | 28,066 | 28,066 | 41,175 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 28,066 | 28,066 | 51,175 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Investment management costs | 6 | (14,026) | (14,026) | (15,620) |
| Expenditure on charitable activities | 7,8 | (87,910) | (87,910) | (88,098) |
| ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | (101,936) | (101,936) | (103,718) | |
| ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ||
| Net gains/(losses) on investments | 10 | 228,464 | 228,464 | (89,741) |
| ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ||
| Net income/(expenditure) and net movement in funds | 154,594 | 154,594 | (142,284) | |
| ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 1,346,890 | 1,346,890 | 1,489,174 | |
| ৄৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 1,501,484 | 1,501,484 | 1,346,890 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
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THORNE LODGE CHARITABLE TRUST STATEMENT OF FINANCIAL POSITION 5 APIUL 2021 2021 2020 Note FIXED ASSETS InvesimentS 14 1,456,647 1.322,442 CURRENT ASSETS Debtors Cash ai bank and in hand 15 2,201 46,476 48,677 2,053 28,288 CREDTTORS: amounts falling due within one yeAr NET CURRENT ASSETS TOTAL ASSETS LESS CURREiYr LIABILITILS 16 13,840) (3,840) 44,837 24.448 1,501,484 1501,484 1.346,890 1,346.890 NET ASSETS Fuf4DS OF THE CHAIUTY Unresiricted funds 1.501,484 1S01,484 1.346.890 1,346.890 Totsl charlty funds These financial statemenis were approved by the board of uusiees and authorised for issue on 14 January 2022. and are Signed on behalf of the board by- 17 Mrs R D Selby Truslee Trusi Chariry R¢gi5rrd on No.
THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2021
1. GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 41 Norrice Lea, Hampstead Garden Suburb, London, N2 0RD.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, modified to include listed and other investments at fair value.
The financial statements are prepared in sterling, which is the functional currency of the charitable trust.
The charitable trust meets the definition of a public benefit entity under FRS 102.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There were no significant judgements or estimates made in the preparation of these financial statements.
Taxation
The charity is not liable to direct taxation on its income or gains, whether realised or not, as it falls within the various exemptions liable to registered charities. Accordingly, the charity does not recognise any deferred tax liability on revaluations of investments as no tax would be due in the event of a disposal as the charity would benefit from the relevant exemptions, as it will apply all funds for qualifying charitable purposes.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.
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THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 5 APRIL 2021
3. ACCOUNTING POLICIES (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Grants payable
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remains in the control of the charity.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
For all equity instruments regardless of significance, these are assessed individually for impairment.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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NOTES TO THE FINANCIAL STATEMENTS (continued)
THORNE LODGE CHARITABLE TRUST
YEAR ENDED 5 APRIL 2021
4. DONATIONS AND LEGACIES
| 4. | DONATIONS AND LEGACIES | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| DONATIONS | |||||
| Donations received | – | – | 10,000 | 10,000 | |
| ৶৶৶৶ | ৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 5. | INVESTMENT INCOME | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Interest receivable | 4,320 | 4,320 | 5,098 | 5,098 | |
| Dividends receivable | 12,365 | 12,365 | 22,926 | 22,926 | |
| Other investment income | 11,381 | 11,381 | 13,151 | 13,151 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 28,066 | 28,066 | 41,175 | 41,175 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 6. | INVESTMENT MANAGEMENT | COSTS | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Portfolio management | 14,026 | 14,026 | 15,620 | 15,620 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 7. | EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Grants paid | 83,368 | 83,368 | 84,209 | 84,209 | |
| Support costs | 4,542 | 4,542 | 3,889 | 3,889 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 87,910 | 87,910 | 88,098 | 88,098 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 8. | EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE | ||||
| Grant funding | Total funds | Total fund | |||
| of activities | Support costs | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Grants paid | 83,368 | – | 83,368 | 84,209 | |
| Governance costs | – | 4,542 | 4,542 | 3,889 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 83,368 | 4,542 | 87,910 | 88,098 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 5 APRIL 2021
9. ANALYSIS OF GRANTS
| ANALYSIS OF GRANTS | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| GRANTS TO INSTITUTIONS | ||
| Support of education, advancement of health and relief of poverty | 83,598 | 84,209 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total grants | 83,598 | 84,209 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| The composition of donations is shown below. | ||
| £ | ||
| British Emunah Fund | 20,250 | |
| Hasmonean High School Charitable Trust | 15,000 | |
| Camp Simcha | 10,000 | |
| Laniado Hospital UK | 7,850 | |
| University Jewish Chaplaincy | 3,000 | |
| Federation of Jewish Services | 3,000 | |
| Gift | 2,500 | |
| Tikvah UK LTD | 2,500 | |
| Sundry donations | 19,268 | |
| ৄৄৄৄৄৄৄৄৄ | ||
| 83,368 | ||
| ৶৶৶৶৶৶৶৶৶ |
10. NET GAINS/(LOSSES) ON INVESTMENTS
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Gains/(losses) on investments | 211,174 | 211,174 | (101,218) | (101,218) | |
| Realised Gains/(losses) on disposal of | |||||
| investment assets | 17,290 | 17,290 | 11,477 | 11,477 | |
| ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ||
| 228,464 | 228,464 | (89,741) | (89,741) | ||
| ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ||
| 11. | INDEPENDENT EXAMINATION FEES | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 3,840 ৶৶৶৶৶৶৶ |
3,840 ৶৶৶৶৶৶৶ |
12. EMPLOYEE NUMBERS
The average headcount of employees during the year was nil (2020: nil).
13. TRUSTEE REMUNERATION AND EXPENSES
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.
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NOTES TO THE FINANCIAL STATEMENTS (continued)
THORNE LODGE CHARITABLE TRUST
YEAR ENDED 5 APRIL 2021
14. INVESTMENTS
| INVESTMENTS | |||
|---|---|---|---|
| Listed | Other | ||
| investments | investments | Total | |
| £ | £ | £ | |
| Fair value | |||
| At 6 April 2020 | 1,034,236 | 288,206 | 1,322,442 |
| Additions | 264,964 | – | 264,964 |
| Disposals | (341,933) | – | (341,933) |
| Fair value movements | 218,624 | (7,450) | 211,174 |
| ৄৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄৄ | |
| At 5 April 2021 | 1,175,891 | 280,756 | 1,456,647 |
| ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Impairment | |||
| At 6 April 2020 and 5 April 2021 | – | – | |
| ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| Carrying amount | |||
| At 5 April 2021 | 1,175,891 | 280,756 | 1,456,647 |
| ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶৶ | |
| At 5 April 2020 | 1,034,236 | 288,206 | 1,322,442 |
| ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶৶ |
All investments shown above are held at valuation.
Financial assets held at fair value
The investments are held at fair value based on the available market data at the year end. Any movements in fair value are recognised in the profit and loss.
The historical cost of the investments is £1,174,984.
15. DEBTORS
| 15. | DEBTORS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Other debtors | 2,201 | 2,053 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 16. | CREDITORS: amounts falling due within one year | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Accruals and deferred income | 3,840 | 3,840 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
17. ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
| At | Gains and | At | ||||
|---|---|---|---|---|---|---|
| 6 | April 2020 | Income | Expenditure | losses | 5 April 2021 | |
| £ | £ | £ | £ | £ | ||
| General funds | 1,346,890 | 28,066 | (101,936) | 228,464 | 1,501,484 | |
| ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ||
| At | Gains and | At | ||||
| 6 | April 2019 | Income | Expenditure | losses | 5 April 2020 | |
| £ | £ | £ | £ | £ | ||
| General funds | 1,489,174 ৶৶৶৶৶৶৶৶৶৶৶৶৶ |
51,175 ৶৶৶৶৶৶৶৶৶ |
(103,718) ৶৶৶৶৶৶৶৶৶৶ |
(89,741) ৶৶৶৶৶৶৶৶৶ |
1,346,890 ৶৶৶৶৶৶৶৶৶৶৶৶৶ |
- 11 -
THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 5 APRIL 2021
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||
|---|---|---|
| Unrestricted | Total Funds | |
| Funds | 2021 | |
| £ | £ | |
| Tangible fixed assets | 1,456,647 | 1,456,647 |
| Current assets | 48,677 | 48,677 |
| Creditors less than 1 year | (3,840) | (3,840) |
| ৄৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄৄ | |
| Net assets | 1,501,484 | 1,501,484 |
| ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Total Funds | |
| Funds | 2020 | |
| £ | £ | |
| Tangible fixed assets | 1,322,442 | 1,322,442 |
| Current assets | 28,288 | 28,288 |
| Creditors less than 1 year | (3,840) | (3,840) |
| ৄৄৄৄৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄৄৄৄৄ | |
| Net assets | 1,346,890 | 1,346,890 |
| ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶৶ | |
| FINANCIAL INSTRUMENTS | ||
| The carrying amount for each category of financial instrument is as follows: | ||
| 2021 | 2020 | |
| £ | £ | |
| Financial assets measured at fair value through income and expenditure | ||
| Financial assets measured at fair value through income and | ||
| expenditure | 1,456,647 | 1,322,442 |
| ৶৶৶৶৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶৶৶৶৶ | |
| Financial assets that are debt instruments measured at amortised cost | ||
| Financial assets that are debt instruments measured at amortised | ||
| cost | 2,201 | 2,053 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | |
| Financial liabilities measured at amortised cost | ||
| Financial liabilities measured at amortised cost | 3,840 | 3,840 |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
19. FINANCIAL INSTRUMENTS
20. RELATED PARTY TRANSACTIONS
Grants paid include an amount of £20,250 paid to British Emunah Fund, a charity a trustee in commmon with this charity.
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