2023-03-31-accounts

Contents				Page No
Trustees' report				1-4
Statement ofTrustees'	Responsibilities	and Trustees'	Approval
Independent auditors'	report to the Trustees			6-9
Statement of Financial	Activities			10
Balance Sheet
Statement ofCash Flows				12
Notes to the Financial	Statements			13-24

Trustees			Jeremy Isaacs
			Joanne Isaacs
			Helen Eastick
			Vincent lsaacs
			Jack Louis Isaacs
			Ellie Maya Isaacs
Bankers			HSBC Private Bank (IJK) Limited
			8Cork Street,
			London,
			W15 3LJ
Auditors			Saffery LLP
			Mitre House
			North Park Road
			Harrogate
			HG1 SRX
Registered	Office		Mutual House
			70Conduit Street
			London
			W15 2GF
Registered	Charity	Number	1059865

				Unrestricted	Restricted	Total funds	Total funds
			Note	funds	funds	2023	2022
				E	E	E	E
Income from:
Charitable activities							14,002
Investments				424,918		424,918	424,111
Total income				424,918		424,918	438,113
Expenditure on:
Charitable activities				424,076	428,440	852,516	492,541
Investment management
costs				100,957		100,957	76,625
Total expenditure				525,033	428,440	953,473	569,166
Net (losses)/income		prior to		(100,115)	(428,440)	(528,555)	(131,053)
gains and losses on
investments
Net (losses)/gains	on		16	299,971		299,971	854,497
investments
Net (expenditure)/income				199,856	(428,440)	(228,584)	723,444
Transfers between		funds		(21,169)	21,169
Net movement in	funds			178,687	(407,271)	(228,584)	723,444
Reconciliation offunds
Total funds brought		forward	17	14,723,669	407,271	15,130,940	14,407,496
Total funds carried		forward	17	14,902,356		14,902,356	15,130,940

			Note	2023	2022
				6	6
Fixed assets
Investments				14,498,264	14,255,024
Total fixed assets				14,498,264	14,255,024
Current assets
Debtors			10	280,558	384,996
Cash at bank	and in	hand		1,192,394	1,523,750
Total current	assets			1,472,952	1,908,746
Creditors: Amounts		falling due within one year		(208,860)	(172,830)
Net current	assets			1,264,092	1,735,916
Total assets	less current liabilities			15,762,356	15,990,940
Creditors: Amounts		falling due after one year		(860,000)	(860,000)
Net assets				14,902,356	15,130,940
Funds ofthe	Charity:
Unrestricted	funds		17	14,902,356	14,723,669
Restricted funds			17		407,271
				14,902,356	15,130,940

					Note	2023	2022
							6
Cash flows from operating	activities
Net cash used in operating	activities				15	(813,004)	(520,664)
Cash flows from investing	activities
Purchase of investments							(898,607)
Redemptions							135,657
Investment income						399,414	409,752
Interest received						25,503	14,359
Net cash generated by investing		activities				424,917	(338,839)
Cash inflows from new borrowing							860,000
Net cash generated by financing		activities					860,000
Change in cash and cash equivalents			in the	year		(388,087)	497
Cash and cash equivalents	at the	beginning		ofthe
year						1,523,750	1,498,194
Change in cash and cash	equivalents		due	to the		56,731	25,059
exchange rate movements
Cash and cash equivalents	at the	end	ofthe	year		1,192,394	1,523,750

				Unrestricted	Restricted	Total funds
				funds	funds	2022
				E	f	E
Income from:
Charitable activities				14,002		14,002
Investments				424,111		424,111
Total income				438,113		438,113
Expenditure on:
Charitable activities				474,957	17,584	492,541
Investment management			costs	76,625		76,625
Total expenditure				551,582	17,584	569,166
Net (losses)/income		prior	to gains and losses on	(113,469)	(17,584)	(131,053)
investments
Net gains/(losses)	on investments			834,217	20,280	854,497
Net income				720,748	2,696	723,444
Transfers between		funds
Net movement in	funds			720,748	2,696	723,444
Reconciliation offunds
Tota I funds brought		forwa	rd	14,002,921	404,575	14,407,496
Total funds carried		forward		14,723,669	407,271	15,130,940

										2023	2022
										E	f
Donations	received from				Trustees						14,002
In 2023, Enil		ofdonations			(2022:Enil)	were attributable		to restricted funds.
nvestment	income
										2023	2022
										6	6
Investment	income									399,414	409,752
Loan interest		received								1,598	9,177
Bank interest		received								23,906	5,182
Tota I										424,918	424,111
nalysis of	charitable		expenditure
he Charity	undertakes			its	charitable	activities through		donations	to institutions in furtherance of
bjectives.
						Donations		Support and		Total 2023	Total 2022
						activity	governance		costs
								(note 7)
									E
Funded from		unrestricted			funds:
Care for children						85,000			3,897	88,897	122,098
Education						27,500			1,262	28,762	173,764
Tolerance	in	our community				71,000			3,255	74,255	21,707
Hea Ithca re						172,150			7,893	180,043	154,675
As hoc/other						49,834			2,285	52,119	2,713
Funded from		restricted		funds:
Hea Ithca re						428,440				428,440	17,584
Total						833,924		18,592		852,516	492,541

Included	in donations	are amounts	above E30,000	paid to the following	charitable	causes;
					6		E
United	Jewish Israel	Appeal (unrestricted)			48,990		48,990
Noah's	Ark Children's	Hospice (unrestricted)			107,750		107,750
RSBC(unrestricted)					50,000		50,000
Policy	Exchange (unrestricted)						50,000
AWIS (unrestricted)					49,834
H J Stringer (restricted)					428,440
					685,014		256,740

			2023	2022
			6	E
Office costs			178	115
Bank charges			(133)	98
Total			45	213
Governance	costs
			2023	2022
			6
Audit and accountancy			17,210	25,098
Other professional		fees	1,337	11,920
Support costs				107
Total			18,547	37,125

	2023	2022
	f	6
Care for children	3,897	9,598
Education	1,261	13,660
Tolerance in our community	3,255	1,707
Healthcare	7,893	12,159
Adhoc/other	2,286	214
Total allocated	18,592	37,338

vestment Costs
		2023	2022
		E	E
Cost ofmaintaining	fine art		(231)
Interest on the bank	loan	36,845
Property service charges		64,112	76,856
Total		100,957	76,625

vestments	at carrying value:
		2023	2022
		6	6
Fine Art		2,500,000	2,500,000
Investment	property	6,000,000	6,800,000
Private equity funds —UK		5,554,385	4,537,610
Private equity funds —non-UK		443,879	417,414
Total		14,498,264	14,255,024

ll ofthe C	harity's investments are non-listed and are held to	provide investment retu	rns for the Char
		2023	2022
		6	6
Valuation	as at 31March 2022 and 31March 2021	14,255,024	12,733,500
Surplus of	valuation over cost	(2,720,217)	(1,893,003)
Cost as at	31March 2022 and 31March 2021	11,534,807	10,840,497
Movements during the year:
Additions			898,607
Transfer
Disposals/Redemptions			(204,297)
Cost as at	31March 2023 and 31March 2022	11,534,807	11,534,807
Surplus of	valuation over cost	2,963,457	2,720,217
Valuation	as at 31March 2023 and 31March 2022	14,498,264	14,255,024

stments held	at th	e ye	ar end in excess of61,000,000
				2023	2022
				6	6
JRJ Investor 1	Limited		Partnership	3,477,149	2,695,697
JRJ Partner 2 LP				1,048,044
Iproov Limited				1,029,190	1,029,190
Fine art				2,500,000	2,500,000
Investment property				6,000,000	6,800,000
Total				14,054,383	13,024,887
Debtors
				2023	2022
				6	6
Trade debtors					60,000
Other debtors				160,636	148,695
Prepayments	and	accrued income		119,922	176,301
Total				280,558	384,996
Other debtors	includes		687510(2022:f80039) due after more than one year,
Creditors: Amounts		falling due within one year
				2023	2022
				f	f
Accruals and deferred			income	199,060	163,030
Other creditors				9,800	9,800
Total				208,860	172,830
Creditors: Amounts		falling due after one year
				2023	2022
				6	6
Bank Loan				860,000	860,000
Total				860,000	860,000

Deferred	Income at	1April 2022	92,745
Resources deferred		in year	96,857
Amount	released from prior year		(92,745)
Deferred	Income at	31March 2023	96,857

							2023	2022
Financial	assets						f	6
Financialassets		measured	at	amortised	cost/deemed	cost	1,633,706	1,658,633
Financialassets		measured	at	fair value			13.025,194	12,808,420
							14,658,900	14,467,053
							2023	2022
Financial	liabilities						6	f
Financial	liabilities measured			at amortised cost			962,203	930,302
							962,203	930,302

	2023	2022
	6	6
Audit	17,210	15,450
Tax
Total	17,210	15,450

							2023	2022
							f	f
	Net movement in funds						(228,584)	723,444
	Adjustments for:
	Interest received						(25,503)	(14,359)
	Investment income						(399,414)	(409,752)
	Net fair value movements						(299,971)	(854,497)
	Disposal ofinvestments							68,640
	Decrease/(Increase) in debtors						104,438	(62,357)
	(Decrease)/Increase in creditors						36,030	28,217
	Net cash used in operating activities						(813,004)	(520,664)
16	Net gains/(losses) on investments
							2023	2022
							f	f
	Foreign exchange gains/(losses)	on conversion					248,905	172,733
	Foreign exchange gains/(losses)	on cash	balances				56,731	25,059
	Foreign exchange gains on debtors balances							2,225
	Net realised and unrealised	(losses)/	gains	on	fair	value	(5,665)	654,480
	movements
							299,971	854,497
17	Analysis ofcharitable funds
	As 1April	Income	Expenditure			Investment	Transfers	31March
	2022 f				f	gains/losses f	f	2023 f
	Restricted 407,271		(428,440)				21,169
	funds
	Unrestricted 14,723,669	424,918	(525,033)			299,971	(21,169)	14,902,356
	funds
	15,130,940	424,918	{953,473)			299,971		14,902,356

			Unrestricted	Restricted	Tota I funds
			funds	funds	E
			E	E
Fixed Assets			14,498,264		14,498,264
Current	Assets		1,472,952		1,472,952
Current	Liabilities		(208,860)		(208,860)
Non-Current Liabilities			(860,000)		(860,000)
Total net assets			14,902,356		14,902,356
mparative	information	in respect ofthe preceding	period is as follows:
		Unrestricted		Restricted	Tota I funds
			funds	funds	f
			f	E
Fixed Assets			14,255,024		14,255,024
Current	Assets		1,501,475	407,271	1,908,746
Current	Liabilities		(172,830)		(172,830)
Non-Current Liabilities			(860,000)		(860,000)
Total net assets			14,723,669	407,271	15,130,940

xt five	years, which are sum	marised below:
		Original	Commitment		«1yr	&1yr
		commitment	brought
			forward
Activities in relation to:
e	CST3Year Pledge	E90,000	E60,000	E30,000	E30,000
	(2021)
~	Medical School	E195,960	E48,900
	Scholarships
~	Hope's fund	E1,164,103	E407,271
~	Noah's Ark	E300,000	E200,000	E100,000	E100,000
e	Noa Girls	E30,000	E10,000
~	Langdon	E30,000	E10,000
~	JLC	E45,000	E15,000
~	Royal Society for	E100,000	E50,000
	Blind Children
~	Hypothalmic	E3,000	E3,000
	Hope
	Hamartomas