**Charity number: 802579** ## THE ISRAEL LAZARUS CHARITABLE TRUST UNAUDITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 **THE ISRAEL LAZARUS CHARITABLE TRUST** **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the Trust, its Trustees and advisers**|1| |**Trustees' report**|2 - 4| |**Independent examiner's report**|5| |**Statement of financial activities**|6| |**Balance sheet**|7| |**Notes to the financial statements**|8 - 16| **THE ISRAEL LAZARUS CHARITABLE TRUST** **REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2022** |**Trustees**|David Winton, Chair| |---|---| ||Alan Lee| ||Sam Lipton| |**Charity registered**
**number**
802579
**Principal office**
16 Great Queen Street
Covent Garden
London
WC2B 5AH
**Accountants**
Blick Rothenberg Limited
Chartered Accountants
16 Great Queen Street
Covent Garden
London
WC2B 5AH
**Bankers**
Barclays Bank Plc
147 Holborn
Chancery Lane
London
EC1N 2NU|| Page 1 **THE ISRAEL LAZARUS CHARITABLE TRUST** **TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2022** The Trustees present their annual report together with the financial statements of the Trust for the period from 6 April 2021 to 5 April 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the Charity's Trust Deed, the Charities Act 2011 and and the relevant version of 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). ## **Objectives and activities** ## **a. Policies and objectives** The aim of the Trust is to provide charitable donations to any charity, of any amount, as approved by the Trustees. The principal means of achieving the Trust's objectives is by drawing on the trust income and its capital which is derived from the substantial investments held. There has been no change to the policies adopted in furtherance of these objects during the year. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Grants to charitable organisations are made at the absolute discretion of the Board of Trustees. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. ## **b. Reserves policy** The net assets of the Trust’s unrestricted funds of £1,698,530 are held to generate sustainable income in order to support the Foundation’s activities. Additionally, they are used to be applied towards the Trust’s grant making activities and meet the Trust’s ongoing overheads and administrative expenses. The Trust is committed to using its resources in pursuit of its charitable objectives. It is also committed to maintaining a certain level of free reserves, which is prudent to meet on-going liabilities, sufficient to ensure that all grant commitments can be met and to protect the long-term future of the Trust’s activities. The Trustees consider that the total closing unrestricted funds of £1,698,530 are adequate for its size of activities at the year end. ## **c. Investments policy** The Trustees have the power to invest funds in any manner, but only after obtaining such advice from a financial expert as the Trustees consider necessary and having regard to the suitability of the investments and need for diversification. The Trustees have appointed Investec Wealth and Investment Limited to manage the investment portfolio on a discretionary basis. The trustees regularly review the portfolio with the investment manager. It is the policy of the Trust to maintain its funds in long and medium term investments and to generate regular income to meet its annual expenditure. In addition the Trust maintains sufficient liquid funds to respond to emergency applications for grants which may arise from time to time. Page 2 **THE ISRAEL LAZARUS CHARITABLE TRUST** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022** ## **Achievements and performance** ## **a. Main achievements of the Trust** During the year grants of £122,500 (2021: £130,500) were distributed to other charitable institutions in line with the Trust's objectives, as per note 5 to the financial statements. ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Principal risks and uncertainties** The Trustees actively review the major risks which the Trust faces on a regular basis and undertake an annual review of the controls over key financial systems. The Trustees have also examined other operational and business risks which the charity faces and confirm that they have established systems to mitigate these risks. In particular, the effect of the ongoing coronavirus pandemic has caused a significant downturn in the global economy, which has negatively impacted the value of investments in the prior year. The current financial year has seen a gradual recovery of the value of investments. Equities, as measured by the MSCI World Index, fell last year, as investors digested the implications of the coronavirus pandemic on company earnings and balance sheets. Economists expected a contraction in Global GDP of 3% in 2020, the worst outcome since the 1930’s. In fact, the contraction was 3.7%, slightly worse. The UK economy shrank by 1.5% in the first three months of this year, but grew by 2.1% in March. In 2020 it shrank by 9.9%. The forecast recovery in Global GDP is +5.3%. Amongst the risks, are the effects of new strains of the pandemic and more recently, worries about inflation. Incomes are expected to be lower than usual this year, as companies continue to preserve cash. ## **c. Results for the year** The Trust's principal source of income continued to be that of investment income, totalling £38,736 for the year ended 5 April 2022 (2022: £42,537). Total expenditure for the year was £145,449 (2021: £152,159), which was defrayed on grants payable to charitable institutions of £122,500 (2021: £130,500), investment management costs of £13,349 (2021: £12,899), and support and governance costs of £9,600 (2021: £8,760). Together with a net gain on investments of £81,163 (2021:£276,559), the charity reports a net movement in funds of £25,550 deficit (2021: £166,937 surplus). Investments held at the year end were valued at their mid-market price of £1,606,919 (2021: £1,670,572), with total charitable funds of £1,698.530 (2021: £1,724,080). Page 3 DoGuSign Envelope ID." 99C663FF.F86F4396A8DD.A640B2D3AF53 THE ISRAEL LAZARUS CHARITABLE TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2022 Structurei govemance and management a. Constitution The Israel Lazarus Charitable Trust is a charitable organisation governed by ils Trust Deed. The Trust holds a single fund which is used for general charitable purFioses. The settlement was made on 4 December 1989 between the SettlOr￿rU5tee, Mr Israel Lazarus and the original Trustees, Mr Gerald Lipton and Mr Adrian John Wallace. The initial sum settled was £2,000 and 146,125 shares in London Merchant Securities Plc. On the death of Israel Lazarus the charity had assets of £355,093. subsequent lo his death a further £1, 123,949 was settled by the executors of his estate in accordance with his will. b. Methods of appointment or election of Trustees The management of the Trust is the responsibility of the Trustees who are elected and CO￿pIed under the terms of the Trust Deed. The Trustees that served in the year were.. David Winton, Chair Alan Lee Sam Lipton . Financial risk management The Trustees have assessed the major risks lo which the Trust is exposed. in particular those related lo the operations and finances of the Trust, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Approved by order of the members of the board of Trustees and signed on their behalf by.. Chairman Dale.. 01-Feb-23 1 10.'40 GMT Page 4 DoGuSign Envelope ID." 99C663FF.F86F4396A8DD.A640B2D3AF53 THE ISRAEL LAZARUS CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2022 Independent examinerfs report to the Trustees of The Israel Lazarus Charitable Trust {'the Trust'l I report to the charity Trustees on my examination of the accounts of the Trust for the year ended 5 April 2022. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stsle to the Charity's Trustees those mallers l am required lo slate to them in an Independent Examiner's Report and for no other purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility lo anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Your attention is to drawn to the fact that the charity has prepared the accounts (financial slatemenlsl in accordance with the relevant version of 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 IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. Responsibilities and basis of report As the Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 ACVI. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in arrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements conceming the form and conlenl of accounts sel out in the Charities (Awounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'trLJe and fairf view which is not a matter considered as part of an independent examinab'on. I have no concerns and have come across no other matters in connection with the examination to whith attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Ltrj Signed.. Russell Tenzer FCA Dated.. oi ￿.2023 Blick Rothenberg Limited Chartered Accountsnts 16 Great Queen Street Covenl Garden London WC2B SAH Page 5 **THE ISRAEL LAZARUS CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022** |**Note**
**Income from:**
Investments
3
**Total income**
**Expenditure on:**
Raising funds
4
Charitable activities
5
**Total expenditure**
**Net expenditure before net gains on investments**
Net gains on investments
**Net movement in funds before other recognised**
**gains**
**Other recognised gains:**
Gains on revaluation of fixed assets
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**38,736**
**38,736**
**13,349**
**132,100**
**145,449**
**(106,713)**
**47,878**
**(58,835)**
**33,285**
**(25,550)**
**1,724,080**
**(25,550)**
**1,698,530**|**Total**
**funds**
**2022**
**£**
**38,736**
**38,736**
**13,349**
**132,100**
**145,449**
**(106,713)**
**47,878**
**(58,835)**
**33,285**
**(25,550)**
**1,724,080**
**(25,550)**
**1,698,530**|Total
funds
2021
£
42,537
42,537
12,899
139,260
152,159
(109,622)
16,721
(92,901)
259,838
166,937
1,557,143
166,937
1,724,080| |---|---|---|---| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 16 form part of these financial statements. Page 6 DoGuSign Envelope ID." 99C663FF.F86F4396A8DD.A640B2D3AF53 THE ISRAEL LAZARUS CHARITABLE TRUST BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2022 2022 2021 Note Fixed assets Investments Current assets 10 1.606,919 1,670,572 Debtors Cash al bank and in hand 61 101.150 211 61,457 101,211 61,668 Creditors.. amounts falling due within one year 12 19,600) 18,1601 Net current assets 91,611 53,508 Total assets less current Ilabllltles 1,698,530 1,724,080 Total net assets 1,698,530 1,724,080 Charity funds Unrestricted funds 14 1,698,530 1,724,080 Total funds 1,698,530 1,724,080 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. DocU8￿￿•d W.. 23gAB25402CB47B. David Winton Ichair of Trusleesl 01-Feb-23 | 10=40 GMT Dale.. The notes on pages 8 10 16 form part of these financial slatemenls. Page 7 **THE ISRAEL LAZARUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** ## **1. General information** The Israel Lazarus Charitable Trust is a charitable trust registered at the Charity Commission in England and Wales with charity number 802579. The principal office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH. The financial statements are presented in Sterling (£), which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (2nd Edition, effective January 2019) ("Charities SORP"), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Israel Lazarus Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Going concern** After making enquiries, the trustees' have a reasonable expectation that the charity has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. ## **2.3 Income** All income is recognised once the Trust has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The Trust's principal source of income for the period under review was dividends and interest received on listed financial investments held within a managed investment fund. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Trust; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## **2.4 Expenditure** Page 8 **THE ISRAEL LAZARUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** ## **2. Accounting policies (continued)** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Expenditure on raising funds includes all expenditure incurred by the Trust to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Trust's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is shown inclusive of irrecoverable VAT. ## **2.5 Investments** Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities. ## **2.6 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.7 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Trust anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ## **2.8 Financial instruments** The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company’s policies for its major classes of financial assets and financial liabilities are set out below. Page 9 **THE ISRAEL LAZARUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** ## **2. Accounting policies (continued)** ## **Financial assets** Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. ## **Financial liabilities** Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. ## **Impairment of financial assets** Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of financial activities. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the statement of financial activities. ## **Derecognition of financial assets and financial liabilities** Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. ## **Offsetting of financial assets and financial liabilities** Page 10 **THE ISRAEL LAZARUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** ## **2. Accounting policies (continued)** Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## **2.9 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Trust and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. ## **3. Investment income** |**Unrestricted**
**funds**
**2022**
**£**
Income from listed investments
38,731
Interest receivable
5
38,736
Total 2021
42,537|**Total**
**funds**
**2022**
**£**
**38,731**
**5**
**38,736**
42,537|Total
funds
2021
£
42,515
22| |---|---|---| |||42,537| |||| ## **4. Investment management costs** |**Unrestricted**
**funds**
**2022**
**£**
Investment management fees
13,349
Total 2021
12,899|**Total**
**funds**
**2022**
**£**
**13,349**
12,899|Total
funds
2021
£
12,899| |---|---|---| |||| Page 11 **THE ISRAEL LAZARUS CHARITABLE TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** ## **5. Analysis of expenditure by activities** |Total resources expended
Total 2021
**Analysis of support costs**
Independent examiner's remuneration
Total 2021|**Grant**
**funding of**
**activities**
**2022**
**£**
122,500
130,500|**Support**
**costs**
**2022**
**£**
9,600
8,760
**Charitable**
**activities**
**2022**
**£**
9,600
8,760|**Total**
**funds**
**2022**
**£**
**132,100**
139,260
**Total**
**funds**
**2022**
**£**
**9,600**
8,760|Total
funds
2021
£
139,260| |---|---|---|---|---| |||||Total
funds
2021
£
8,760| |||||| Page 12 **THE ISRAEL LAZARUS CHARITABLE TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** ## **6. Analysis of grants** |Ascent
Beit Issie Shapiro
Chai Lifeline
Community Service Trust
Holocaust Educational Trust
Kisharon
Nightingale Hammerson
Norwood
Or Chadash
Project Seed
United Synagogue
University Jewish Chaplaincy
Western Marble Arch Synagogue
World Jewish Relief
Other grants to institutions of less than £5,000 each|**2022**
**£**
**5,000**
**5,000**
**5,000**
**5,000**
**5,000**
**5,000**
**25,000**
**5,000**
**5,000**
**5,000**
**15,000**
**5,000**
**-**
**5,000**
**27,500**
**122,500**|2021
£
5,000
5,000
5,000
5,000
5,000
5,000
25,000
5,000
5,000
5,000
-
5,000
25,000
5,000
25,500| |---|---|---| |||130,500| ## **7. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £8,580 (2021 - £8,400). ## **8. Staff costs** There were no employees under contracts of employment during the period. No employee received remuneration amounting to more than £60,000 during the year. ## **9. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits (2021 - £NIL). During the year ended 5 April 2022, no Trustee expenses have been incurred (2021 - £NIL). Page 13 **THE ISRAEL LAZARUS CHARITABLE TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** ## **10. Fixed asset investments** |**Cost or valuation**
At 6 April 2021
Additions
Disposals
Revaluations
At 5 April 2022
**Net book value**
At 5 April 2022
At 5 April 2021|**Listed**
**investments**
**£**
**1,670,572**
**204,303**
**(301,241)**
**33,285**| |---|---| ||**1,606,919**| ||**1,606,919**| ||1,670,572| If listed investments had been valued under the historical cost convention they would have been included in the balance sheet at a cost of £1,112,942 (2020 - £1,209,880). ## **11. Debtors** ||**2022**|2021| |---|---|---| ||**£**|£| |**Due within one year**||| |Prepayments and accrued income|**61**|211| Page 14 **THE ISRAEL LAZARUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** ## **12. Creditors: Amounts falling due within one year** |Accruals and deferred income
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure
Financial assets at amortised cost|**2022**
**£**
**9,600**
**2022**
**£**
**101,150**
**61**
**101,211**|2021
£
8,160| |---|---|---| |||2021
£
1,670,572
211| |||| |||1,670,783| ## **13. Financial instruments** Financial assets measured at fair value through income and expenditure comprise listed investments held within an investment portfolio. Financial assets measured amoritsed cost comprise accrued income. ## **14. Statement of funds** ## **Statement of funds - current year** ||**Balance at 6**|||**Gains/**|**Balance at 5**| |---|---|---|---|---|---| ||**April 2021**|**Income**|**Expenditure**|**(Losses)**|**April 2022**| ||**£**|**£**|**£**|**£**|**£**| |**Unrestricted funds**|||||| |General Funds - all funds|**1,724,080**|**38,736**|**(145,449)**|**81,163**|**1,698,530**| |**Statement of funds - prior**|**year**||||| ||Balance at|||Gains/|Balance at| ||6 April 2019|Income|Expenditure|(Losses)|5 April 2021| ||£|£|£|£|£| |**Unrestricted funds**|||||| |General Funds - all funds|1,557,143|42,537|(152,159)|276,559|1,724,080| Page 15 **THE ISRAEL LAZARUS CHARITABLE TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022** ## **15. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2022**
**£**
Fixed asset investments
1,606,919
Current assets
101,211
Creditors due within one year
(9,600)
**Total**
1,698,530|**Total**
**funds**
**2022**
**£**
**1,606,919**
**101,211**
**(9,600)**
**1,698,530**| |---|---| ## **Analysis of net assets between funds - prior year** |Fixed asset investments
Current assets
Creditors due within one year
**Total**|Unrestricted
funds
2021
£
1,670,572
61,668
(8,160)
1,724,080|Total
funds
2021
£
1,670,572
61,668
(8,160)
1,724,080| |---|---|---| ## **16. Related party transactions** Within charitable activities is a grant of £Nil (2021: £25,000) made to The Western Marble Arch Synagogue, a charity of which David Winton serves as a Trustee. Within charitable activities is a grant of £25,000 (2021: £25,000) made to Nightingale Hammerson, a charity of which David Winton served as a Trustee until 31 March 2022. Within charitable activities is a grant of £2,500 (2021: £2,500) made to Chabad of Bloomsbury, a charity of which Alan Lee serves as a Trustee. Page 16