2023-03-31-accounts

			Page
Reference	and Administrative Details
Report of	the Trustees	2	to	4
Report of	the Independent Auditors	5	to	7
Statement	of Financial AcUvities
Balance Sheet
Cash Flow	Statement		10
Notes to the Cash Flow Statement
Notes to the Financial Statements		12	to	19

TRUSTEES			V Schimmel
			N E Schimmel
			3 Schimmel
			A Schimmel
REGISTERED	OFFICE		121Princes Park		Avenue
			London
			NW11 035
REGISTERED	COMPANY	NUMBER	03609638(England			and	Wales)
REGISTERED	CHARITY	NUMBER	1071978
AUDITORS			Melinek Fine	LLP
			Chartered Accountants
			Statutory Auditors
			First Floor, Winston			House
			349 Regents	Park	Road
			London
			N3 1DH
SOLICITORS			Maurice Tumor Gardner				LLP
			15th Floor
			Milton House
			Milton Street
			London
			EC2Y 98H
BANKERS			Barclays Bank Pic
			1 Churchill Place
			London
			E14 5HP
			The Cooperative		Bank
			4th Floor
			9 Prescot Street
			London
			E1 8AZ

			2023	2022
			Unrestricted	Total
		Notes	fundI	fundsI
INCOME AND ENDOWMENTS	FROM
Investment income			562,066	606,121
EXPENDITURE ON
Raising funds			482,468	334,160
Charitable activities
Grants to organisations			155,500	564,255
Other			(8,109)	10,545
Total			629,859	908,960
Net gains on investments			48,775	5,965
NET INCOME/(EXPENDITURE)			(19,018)	(296,874)
RECONCILIATION OF FUNDS
Total funds brought forward			6,471,029	6,767,903
TOTAL FUNDS CARRIED FORWARD			6,452,011	6,471,029

		2023	2022
		Unrestricted	Total
		fund	funds
	Notes	I	I
FIXEDASSETS
Investments
Investments	12	994,467	759,763
investment property	13	6,375,000	6,375,000
		7,369,467	7,134,763
CURRENT ASSETS
Debtors	14	298,026	325,666
Investments	15	276,083	400,678
Cash at bank		184,565	648,995
		758,674	1,375,339
CREDITORS
Amounts falling due within one year	16	(394,572)	(552,747)
NET CURRENT ASSETS		36l(102	822p592
TOTAL ASSETS LESSCURRENT LIABILITIES		7,733,569	7,957,355
CREDITORS
Amounts falling due after more than one year	17	(1,281,558)	(1,486,326)
NET ASSETS		6I452 011	6(471~029
FUNDS	20
Unrestricted funds		6,452,011	6,471,029
TOTAL FUNDS		6,452,011	6,471,029

		Notes	2023 I	2022I
Cash flows from operating activities Cash generated from operations			(93,557)	(147,023)
Interest paid			(79,476)	(61,211)
Net cash used in operating activities			(173,033)	(208,234)
Cash flows from investing	activities
Purchase of Rxed asset investments			(185,929)	(753,798)
Interest received			105,300	71,831
Net cash used in investing activities			(80,629)	(681,967)
Cash flows from financing	activities
Loan repayments in year			(210,768)	(226,900)
Net cash used in financing activities			(210,768)	(226,900)
Change in cash and cash the reporting period	equivalents	in	(464,430)	(1,117,101)
Cash and cash equivalents	at the
beginning ofthe reporting	period		648,995	1,766,096
Cash and cash equivalents	at the end	of
the reporting period			184,565	648,995

	RECONCILIATION	OF	NET EXPENDITURE	NET EXPENDITURE	TO NET CASH FLOW FROM OPERATING ACTIVITIES	TO NET CASH FLOW FROM OPERATING ACTIVITIES	TO NET CASH FLOW FROM OPERATING ACTIVITIES
						2023	2022
						I	I
	Net expenditure	for the reporting		period	(as per the Statement of
	Financial Activities)					(19,018)	(296,874)
	Adjustments for:
	Gain on investments					(48,775)	(5,965)
	Interest received					(105,300)	(71,831)
	Interest paid					79,476	61,211
	Decrease in debtors					152,235	48,770
	(Decrease)/increase	in creditors				(152,175)	117,666
	Net cash used in	operations				(93,557)	(147,023)
2.	ANALYSIS OF CHANGES IN NET			DEBT
					At 1.'i.22	Cash flow	At 31.3.23
					I	6	I
	Net cash
	Cash at bank				648,995	(464,430)	184,565
					648,995	(464,430)	184,565
	Liquid resources
	Deposits included in cash
	Current asset investments				400,678	(124,595)	276,083
					400,678	(124,595)	276,083
	Debt
	Debts falling due within		1year		(226,000)	6,000	(220,000)
	Debts falling due after 1		year		(1,486,326)	204,768	(1,281,558)
					(1,712,326)	210,768	(1,501,558)
	Total				(662,653)	(378,257)	(1,040,910)

INVESTMENT INCOME
			2023I	2022 6
Rents received			435,085	530,435
Income from lease extensions			21,325	2,748
Interest received			105,300	71,831
Commission received			356	1,107
			562,066	606,121
RAISING FUNDS
Investment management	costs
			2023 6	2022I
Property letting and management		fees	10,927	6,057
Other property outgoings			211	29,015
Insurance			3,808	10,25'}
Professional fees			25,119	8,971
Property rates and service charges			362,927	221,595
Interest payable and similar charges			79,476	58,268
			482,468	334,160
CHARITABLE ACTIVITIES	COSTS
				Grant
				funding of
				activities
				(see note
				6)I
Grants to organisations				155,500
GRANTS PAYABLE
			2023	2022
			6	6
Grants to organisations			155,500	564,255

GRANTS PAYABLE	- continued
The total grants paid	to institutions	during the year was as follows:
			2023	2022
			E	E
KKL Charity Accounts				198,600
Ahavat Yisroel UK				130,700
Asser Bishvil Foundation			79,000	38,000
Friends ofYad Sarah				37,500
Genesis Philanthropy	Group			36,000
The Kemach Foundabon				22,100
Follicular Lymphoma	Foundation			18,000
Chevras Mo'oz Ladol				15,600
Achlsomoch Aid Company			9,000	15,000
BSDCharitable Trust				10,000
Mizrachi UK				9,000
British Friends ofTzohar				7,300
Noa Girls			2,500	5,000
Other donations (&E5,000 in aggregate)				21,455
Bribsh Friends of Zaka			15,900
Quintessentially Foundation			5,000
Torah Chased Refuah	CIO		44,100
			155,500	564,255
SUPPORT COSTS
				Governance
				costs
				E
Other resources expe	nded			5,160

NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated atter charging/(crediting):
			2023	2022
			F	E
Auditors'	remuneration		5,000	7,500
Exchange	rate variance		(13,269)	2,943

					Unrestricted
					fund
					E
	INCOME AND ENDOWMENTS			FROM
	Investment income				606,121
	EXPENDITURE ON
	Raising funds				334,160
	Charitable activities
	Grants to organisations				564,255
	Other				10,545
	Total				908,960
	Net gains on investments				5,965
	NET INCOME/(EXPENDITURE)				(296,874)
	RECONCILIATION	OF FUNDS
	Total funds brought	forward			6,767,903
	TOTAL FUNDS CARRIED		FORWARD		6,471,029
12.	FIXEDASSET INVESTMENTS
					Unlisted
					investments
					I
	MARKET VALUE
	At 1 April 2022				759,763
	Additions				185,929
	Exchange differences				48,775
	At 31 March 2023				994,467
	NET BOOK VALUE
	At 31 March 2023				994,467
	At 31 March 2022				759,763
	All Axed assets investment		are held outside the UK.

FIXEDASSET IN	FIXEDASSET IN	VESTMENTS -continued
Cost or valuation		at 31 March 2023 is represented	by:
				Unlisted
				investments
				I
Valuation	in 2022			5,965
Valuation	in 2023			48,775
Cost				939,727
				994,467

FAIR VALUE
At 1 April 2022 and 31 March 2023	6,375,000
NET BOOK VALUE
At 31 March 2023	6,375,000
At 31 March 2022	6,375,000

			2023	2022
			I	I
Trade debtors			99,573	170,007
Other debtors				1,938
Prepayments	and accrued	income	198,453	153,721
			298,026	325,666
CURRENT ASSET INVESTMENTS
			2023	2022
			6	I
Other investments			276,083	400,678

16.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
										2023	2022
										E	E
	Bank loans	and overdrafts			(see note 18)					220,000	226,000
	VAT									30,429	36,502
	Other creditors									3,701
	Accruals and deferred		income							140,442	290,245
										394,572	552,747
17.	CREDITORS: AMOUNTS				FALLING DUE AFTER MORE THAN				ONE YEAR
										2023	2022
										E	E
	Bank loans	(see note	18)							1,281,558	1,486,326
18.	LOANS
	An analysis	ofthe maturity			of	loans is given below:
										2023	2022
										E	E
	Amounts falling due within				one year on demand:
	Bank loans									220,000	226,000
	Amounts falling between			one		and two years:
	Bank loans	- 1-2 years								440,000	452,000
	Amounts falling due between					two and five years:
	Bank loans	- 2-5 years								660,000	678,000
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Bank loans	more 5 yr	by instal							181,558	356,326
19.	SECURED	DEBTS
	The following secured		debts are included				within	creditors:
										2023	2022
										E	E
	Bank loans									1,501,558	1,712,326
20.	MOVEMENT IN FUNDS
										Net
										movement	At
									At 1.4.22	in funds	31.3.23
									E	E	E
	Unrestricted funds
	General fund								6,471,029	(19,018)	6,452,011
	TOTAL FUNDS								6,471,029	(19,018)	6,452,011

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E	E	E	E
Unrestricted	funds
General fund		562,066	(629,859)	'i8,775	(19,018)
TOTAL FUNDS		562,066	(629,859)	48,775	(19,018)

				Net
				movement	At
			At 1.4.21	in funds	31.3.22
			E	E	f
Unrestricted		funds
General	fund		6,767,903	(296,874)	6,471,029
TOTAL	FUNDS		6,767,903	(296,874)	6,471,029

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			f	E	E	E
Unrestricted		funds
General	fund		606,121	(908,960)	5,965	(296,874)
TOTAL	FUNDS		606,121	(908,960)	5,965	(296,874)