## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|9| |Report ofthe Independent
Auditors|10|to|12| |Statement ofFinancial Activities||13|| |Balance Sheet|||| |Notes to the Financial Statements|15|to|26| |Detailed Statement ofFinancial Activities||27|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2022|2021| |---|---|---|---|---|---| |||||Unrestricted|Total| |||||full
d|funds| |INCOME AND ENDOWMENTS||FROM|Notes||6| |Donations
and legacies||||100,000|55,080| |Investment
income||||52,599|55,128| |Total||||152,599|110,208| |EXPENDITURE ON|||||| |Raising funds||||69,963|87,222| |Charitable
activities|||||| |Making grants to institutions
Governance||||471,265
11,263|345,122
5,442| |Other||||4,800|30,490| |Total||||557,291|468,276| |Net gains on investments||||58,025|500,300| |NET INCOME/(EXPENDITURE)||||(346,667)|142,232| |RECONCILIATION|OF FUNDS||||| |Total funds brought
forward||||6,270,337|6,128,105| |TOTAL FUNDS CARRIED FORWARD||||5,923,670|6,270,337| ## ||||2022|2021| |---|---|---|---|---| ||||Unrestricted|Total| ||||fund|funds| |||Notes||| |FIXEDASSETS||||| |Investments||10|5,939,709|6,283,253| |CURRENT ASSETS||||| |Prepayments
and accrued income|||11,699|14,591| |CREDITORS||||| |Amounts
falling due within|one year||(27,738)|(27,507)| |NET CURRENT ASSETS|||(16039)|(12916)| |TOTAL ASSETS LESSCURRENT||||| |LIABILITIES|||5,923,670|6,270,337| |NET ASSETS|||5,923,670|6,270,337| |FUNDS||12||| |Unrestricted
funds|||5,923,670|6,270,337| |TOTAL FUNDS|||5,923,670|6,270,337| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATIO|NS
AND LE|GACIES||| |---|---|---|---|---| ||||2022|2021| ||||Unrestricted|Total| ||||funds|funds| |Gifts ofdonated works
Donated services and facilities|||6
52,000
48,000|f.
55,080| ||||100,000|55,080| |INVESTMENT INCOME||||| ||||2022|2021| ||||Unrestricted|Total| ||||funds|funds| ||||B|| |Investment|portfolio||52,599|55,128| |RAISING|FUNDS|||| |Investment|management|costs||| ||||2022|2021| ||||Unrestricted|Total| ||||funds|funds| |Portfolio management
Portrait Collection management|||26,963
43,000|32,142
55,080| ||||69,963|87,222| ## |2022|2021| |---|---| |446,283|345,122| ## ## |UK Charitable
Institutions:||||| |---|---|---|---|---| |Acheinu
Cancer Support
Acheinu
Ltd
Agudas Israel community
No 2 - Empl|oyment within|the Orthodox||2,374
5,852| |Community
Arts Therapies
for Children
Assembly ofMasorti Synagogues
Azamrah
Youth Club
B'nai Brith Hillel Foundation
British Library
Camp Horizon
Camp Simcha
CCJO Rene Cassin
CGI Camp
Children
Ahead - Music Therapy
Clapton Common Boys Club
Ezer Leyoldos Limited
Ezra Umarpeth
Federation ofJewish Services
Friends ofthe Federation ofJewish Yo
Generation
to Generation
Gesher EU Support Network
Get Set Girls|uth||1,500
1,500
2,500
1,500
1,000
2,500
500|4,671
3,003
5,839
2,954
5,838
1,802
1,763
2,402
1,178
4,671
3,603
1,763
3,546| |Give it forward today
Goods for Good
Hatzola Trust Limited
Holocaust Memorial
Day
Institute for Jewish Policy Research
Israeli Dance Institute
JAM I
Jewish Association for Mental Illness-
Jewish Blind and Disabled
Jewish Book Council
Jewish Care
Jewish Care Scotland
Jewish Community
Secondary School
Jewish Lads and Girls Brigade
Jewish Music Institute
Jewish Women's
Aid
Jews College
Jews Temporary
Shelter
Just Kidding|Peer Training|Programme|1,000
3,000
1,500
2,000
4,000
4,000
1,500
2,000|2,402
3,503
1,801
3,515
5,838
9,354
2,931
6,005
3,503
14,040
9,443
584| |JW3 Gateway
I&ashet UK
Kids N Action
Kidshine
Ltd
Kisharon
I&oi Bonaich
Langdon
Foundation
Leo Baeck College
Lighthouse
Limmud 2021 Festival
Maccabi GB
March ofthe Living
Masorti Judaism|||1,000
1,000
1,500
3,000
4,000
2,500|3,503
1,752
4,671
6,005
1,168
8,254
2,402
2,402| ## ## |GRANTS PAYABLE -continued|||| |---|---|---|---| |Maver
Merseyside
Jewish Community
Mesi la UK Ltd
Mitzvah
Day UK
Moishe House
Mother to Mother Ltd
New Israel Fund
Newark Care
Nisa Nash im
Noa Girls
Naom Masorti Youth - Roshim Seni
Naom Masorti Youth
Norwood
Ravenswood
ORT UK
Prism - the Gift Fund
Refreshing
Minds
Resource
Sadeh
Scottish Jewish Archives
Sephardi Voices
Seret International
Seret International
-Israeli Film and
Simon Marks Primary School Trust
Sonshine
Club|or Leadership
Televtston|4,000
3,500
500|3,603
2,347
1,168
11,694
4,804
1,802
1,441
1,178
1,802
3,603
2,910
2,919
4,683
1,802
4,804
1,167
2,335
2,402
3,503
1,752
1,802
1,802| |Step by Step
The Anne Frank Trust
The Cheer Up Squad
The Gesher Trust
The Holocaust Educational
Trust
The Interlink
Foundation
The Jewish DeafAssociation
The Jewish Volunteering
Net
The Larches Trust
The Movement
for Reform Judaism
The New North London Synagogue
The Together Plan
Tik-sho-ret
Ltd
Turning
Corners||2,000
2,000
3,000
1,500
5,000|1,561
6,005
3,503
4,804
4,099
9,341
2,402
1,168
584| |Tzedek
UK Jewish Film Ltd
United Jewish Israel Appeal||5,000|2,402
4,671| |University
Jewish Chaplaincy
Woolf Institute
Young and Inspired
Youth on the Move
Ziere Camp Aguda Pirchim
ZSFTrust||1,000|3,515
2,337
1,201
1,802
1,178| |||70,500|260,231| |Israeli Charitable
Institutions|||| |Eran
Humans
for Humans
IsraAID
—The Israel Forum
Kav Lnoar|||30,000
10,010
10,000
14,000| ## |f
GRANTS PAYABLE -continued|or|tbe year ended 31Marc|h 2022||| |---|---|---|---|---|---| |Leshma
Lo Omdot Me'negged-Mesayot
Mirkam
Nochah
Sexual Abuse Centre -Tel Aviv
Svili Hayam
The Central Libraty for the Blind
Zumu|||||17,000
15,000
14,000
17,000
17,000
14,000
13,000
10,000| ||||||181,010| ||||||441,241| ||||||8| |8Sterling equivalent ofgrants made|in|E|||375,783| |||||2022|2021| ||||||8| |Total Grants made to UK Charitable
Institutions
Total Grants made to Israeli Charitable
Institutions||||292,125
154,158|292,181
52,941| |Total Grants made
—as per SOFA||||446,283|403,112| |SUPPORT COSTS|||||| |||||Governance|| ||||Management|costs|Totals| |Other resources expended
Making grants to institutions
Governance|||24,040
5,082|4,800
942
6,181|4,800
24,982
11,263| ||||29,122|11,923|41,045| |Support costs, included
in the above,|are as follows:||||| |Management|||||| |||||2022|2021| |||Making|||| |||grants to||Total|Total| |Administration
8 secretarial||institutions
g
24,040|Governance
f
5,082|activities
29,122|activities
26,106| ## ## ## ## |Governa|nce|costs|||||| |---|---|---|---|---|---|---|---| |||||||2022|2021| ||||Other|Making|||| ||||resources|yants to||Total|Total| ||||expended|institutions|Governance|activities|activities| |Auditors'
remuneration
Accountancy
fees
Trustees'
indemnity|||4,800||6,000|6,000
4,800|4,800
4,200| |insurance
Bank charges||||472
470|181|653
470|642
184| ||||4,800|942|6,181|11,923|9,826| ## ## ## ||||Unrestncted| |---|---|---|---| ||||fund| |INCOME AND ENDOWMENTS||FROM|| |Donations
and legacies|||55,080| |Investment
income|||55,128| |Total|||110,208| |EXPENDITURE ON|||| |Raising funds|||87,222| |Charitable
activities|||| |Making grants to institutions
Governance|||345,122
5,442| |Other|||30,490| |Total|||468,276| |Net gains on investments|||500,300| |NET INCOME|||142,232| |RECONCILIATION|OF FUNDS||| |Total funds brought
forward|||6,128,105| ## ## ## |COMPARATIVES F|ORTHE STATEMENT OF FINANC|IAL ACTIVITIES -continued|| |---|---|---|---| ||||Unrestricted| ||||fund| |TOTAL FUNDS CARRIED FORWARD|||6,270,337| |FIXEDASSET INVESTMENTS|||| |||2022|2021| |Shares
Borchard Portrait Collection||3,208,724
2,730,985|6
3,615,868
2,667,385| |||5,939,709|6,283,253| |Additional
information|as follows:||| |Listed investments|||| |MARKET VALUE|||| |At I April 2021
Additions
Disposals
Revaluations
Exchange differences
Reclassificationl
transfer||3,615,868
1,222,828
(1,485,951)
82,534
(29,858)
(196,697)|3,514,698
1,438,494
(1,544,848)
448,892
48,352
(289,720)| |At 31 March 2022||3,208,724|3,615,868| |NET BOOK VALUE|||| |At 31 March 2022||3,208,724|3,615,868| |At 31March 2021||3,615,868|3,514,698| ||2022|2021| |---|---|---| |Brought forward
Additions
Revaluation|2,667,385
61,000
2,600|6
2,637,200
0
30,185| ||2,730,985|2,667,385| ## ## ## ## ## |11.|CREDI|TOR|S|: AMOUNTS FA|LLING DUE WITHIN ONE|YEAR||| |---|---|---|---|---|---|---|---|---| ||||||||2022|2021| ||Other creditors||||||27,738|27,507| |12.|MOVEMENT|||IN FUNDS||||| ||||||||Net|| ||||||||movement|At| |||||||At 1.4.21|in funds|31.3.22| ||Unrestricted||funds|||||| ||General|fund||||6,270,337|(346,667)|5,923,670| ||TOTAL|FUNDS||||6,270,337|(346,667)|5,923,670| ||Net movement|||in funds, included|in the above are as follows:|||| ||||||Incoming|Resources|Gains and|Movement| ||||||resources|expended|losses|in funds| ||||||6||6|| ||Unrestricted||funds|||||| ||General|fund|||152,599|(557,291)|58,025|(346,667)| ||TOTAL|FUNDS|||152,599|(557,291)|58,025|(346,667)| ## ## ## ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.4.20|in funds|31.3.21| |Unrestricted|funds|||| |General fund||6,128,105|142,232|6,270,337| |TOTAL FUNDS||6,128,105|142,232|6,270,337| ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| ||||E|||| |Unrestricted||funds||||| |General|fund||110,208|(468,276)|500,300|142,232| |TOTAL|FUNDS||110,208|(468.276)|500,300|142,232| |||||Net|| |---|---|---|---|---|---| |||||movement|At| ||||At 1.4.20|in funds|31.3.22| |||||8|| |Unrestricted||funds|||| |General|fund||6,128,105|(204,435)|5,923,670| |TOTAL|FUNDS||6,128,105|(204,435)|5,923,670| ## ||||Incoming|Resources|Gains and|Movement| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| |Unrestricted||funds|g||g|| |General|fund||262,807|(1,025,567)|558,325|(204,435)| |TOTAL|FUNDS||262,807|(1,025,567)|558,325|(204,435)| ## ## ## ## ## ||SHORESH CHARITABLE TRUST||| |---|---|---|---| ||Detailed Statement ofFinancial Activities||| ||for the year ended 31March 2022||| |||2022|2021| |||f,|| |INCOME AND ENDOWMENTS|||| |Donations
and legacies|||| |Gifts ofdonated works
Donated services and facilities||52,000
48,000|55,080| |||100,000|55,080| |Investment
income|||| |Investment
portfolio||52,599|55,128| |Total incoming
resources||152,599|110,208| |EXPENDITURE|||| |Investment
management|costs||| |Portfolio management
Portrait Collection management||26,963
43,000|32,142
55,080| |||69,963|87,222| |Charitable
activities|||| |Grants to institutions||446,283|345,122| |Support costs|||| |Management|||| |Administration
&secretarial||29,122|26,106| |Governance
costs|||| |Auditors'
remuneration
Accountancy
fees
Tmstees'
indemnity
insurance
Bank charges||6,000
4,800
653
470|4,800
4,200
642
184| |||11,923|9,826| |Total resources expended||557,291|468,276| |Net expenditure
before gains and losses||(404,692)|(358,068)| |Realised recognised
gains|and losses||| |Realised gains/(losses)
on
Unrealised
gains/ losses|fixed asset invesnnents|3,801
54,224|192,622
307,678| |Net (expenditure)/income||(346,667)|142,232|