DL*uSign Envekpe ID.. 989D30r￿AB￿Wln427￿lOsE4D7Dc71Q COMPANY REGISTIL4TION NUMBER: 037902A5 CHARITY REGISTRATION NUMBER: 1077143 4 CHAIUTY FOUNDATION Company Limitrd by Guar*ntee UNAUDITED FINANCtAL STATEMENTS 31 MARCH 2023 COHEN ARNOIII Chartered Accountants New Burlington House 1075 Fiiicbley Road LONDON NWII OPU *ACJCLXFiI* 2W12r2023 COMPANIES HOUSE C>wJSpw Envelcye ID.. S89D￿t*￿BPlj441Llfj27￿lQGE4D7t￿71D 4 CHARITY FOUNDATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 PAGES Trustees, ar￿Ual report (incorFK)rating the dir¢¢toes report) Indepe[￿ent examio¢rfs report to the tnLSte Statemettt of fmancial activities (including income atbd expendityre account) Statemetlt of financial position Notes ￿ the financial stat¢m¢nts Ito3 7tolS OtthSi4n E￿¢bp810.' 9BSD30Lx>ABB1>441N27￿1l￿4D7DcIlD 4 CHAIUTY FOUNDATION COMPANY LIMITED BY GUARAJ4TEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2023 The tnjstees. who aTe also the diiectors for the purposes of company law, present their report and the unaudited financial statements of the chan.ty for the year ended 31 March 2023. REFERENCE ATrID ADMINISTRATIVE DETAItS Registered eh*rity name Charity reglstration number Company registr8tion number 03790215 Printipal O￿lce and registered 121 Princes Pth Avenue o￿l£e London NWI I OJS 4 Charity Foundaiion 1077143 THE TRUSTEES Mr Jacob SchitDtnel Mr Jonathan Schimmel s Verette Schimmel Mr Nathaniel Schimmel Independent examiD¢r DavRd Goldber& FCA DChA New BurlingtOT) House 1075 Finchley Road LONDON NWII OPU STRUCTURE, GOVERNANCE AND MANAGEMENT The Chariry is constituied as a company limited by guarantee, and is therefore govemed by its Memorandum and Articles of Association. The day4¢>day affairs of the Charity are administered by the council of Tnste¢s. None of the Trustees who are also the Directors have any beneficial interest in the Charity. It is not curr¢ntly the intention of the Trustees of the Charity to appoint new Tr￿tte$. Should the situation change in the future, the Trnstees will apply suitable recruitrneDt, induction #nd trdinill8 procedures. ORIECTIVES AND AcfiviTIES The Charity is established to fiwther those purposes both in the United Kingdom and abroad reCo￿ls¢d as charitable by Englith Law aod in furtherance of its objects. The Charity receives incom¢ frorn its inv¢stm¢Dts wbi¢h it utilis¢s in the provision and distribution of grant5 and donatiolls. The Charity's principal activity throughout the year w&% the promsion artd distribution of donations and grants io charities. and no change is envisaged in the immediate ffiJtrJre. The Tr￿tee$ confurn tbat they have reft￿ed to the guidattce contaitted in the Chatity Commission's general gukdartce on public benefit when reviewing the Trusrs aims and objectives and in planning fijture aciivities and setting the grant making policy for the year. DocuSigTh EDvefy¥e10.. 989D3corMeB(kU1D•7A-1￿4Dl￿1D 4 CHARITY FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIREcfoR'S REPORT) YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFOIIMANCE During the year the Charity continued its philanthropic activiti&S IIL SUPPOrt of religious. education and other Charitable Institutions. Aggregate donations in the sum of £671.250 {2022.. £715.495) were paid in the year to 31 March 2023 (see 7). The Charity was reliant on the income derived from ILS investrnents and reserves brought forward. During the year under review the gross income arising from its investments was £61.357 {2022.. £167,803). The net deficit on incoming resources during the year under review is a result of the charl￿5 continued effort w maintain its grdnts nuking activities, partially fimded from accumulatcd rcscrves of the charity. Th¢ financial results of the Charl￿S activities for the year ended 31 Match 2023 are fvlly reflected in the attached Financial Statemellts together with the N￿eS tbereon. FINANCIAL REVIEW Reserve Policy The Truste&s collsider it is ￿SentIal fo nuintsin a suitable level of reserves ro ensure funds are always available to meet their cbaritable objectives. SI￿]ri¢2nt 8fdnts were made during the year which reduccd frec reserves to a level Tnore consistent with the chariry's objectives. rotal reserves as reported on page 7 are £3.115.115 (2022..£3.680.417). By excluding r￿ed assets, adjustcd fret reservcs are £1,917.110 (2022..£2,332.783). Grant making policy Grants are made w charitable institutions 8nd organisations whose aetivities accord with the objeets of the Charity. Investment Powers and P•]iey and Objeetives Under the Charity's Memorandum and Arricles of A550ciation. the Trustees have th¢ authority to make suitable investments, regularly evalu#tingthe Charity's needs and investrt]ent policy. Initially foctL5ed on secute incomc strea1￿8 aud capital growth from property holdings,following the sale of these holdillgs, the Charity IMS diversified its investsnents. includiog a UK property venwre via its Subsidiary UndeTtsking (refer to note 15). The twstees regularly review the risk profjle of its investment portfolio monitoring the varying liquidity levels and returns of its investments. ' Dowspjn Env8lcpe10." 969DMD(WB0441D427k1C6E407CC71D 4 CHAIUTY FOUNDATION COMPANY LIMITED BY GUAIL4NTEE TRUSTEES, ANNUAL REPORT (JNCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2023 PLANS FOR FUTURE PERIODS The Trustees plan to continue to make distributions in accordan¢e with their grant rnakin8 policy and to ensure that an appropriaie level of reserves is maintsin&L beAring in mind the global financial instability prevailing in the current economic envirollrnenL PRINCIPAL RISKS AI¥D UNCERTAINTIES Risk Management The Trustees have identified and reviewed th¢ tDajor risks to whicb the Cbarity is exp)sed. in partieulas those related ￿ the op¢rauons and f￿ance of tbe Clwity, and are sat15fied that Sy51ems ar¢ in place w manage those risks. Colng Concern The Twstees are awate of the challenges they are likely to bt facing in these uncertain times. COVID- 19, natural disasters, geopolitical events Such as the Uktaiue-Russia conflici inflation and lu'gb interest risks are just some of the Major issues driving global economic uncertainry wday. Notwithstanding the uncertainty Tnentioned a￿Ve. the financial statements have been prepared in acctsrdance witb the accounting principles appropriate to a going concern, as the Trustees have a reasonable expecthtion that the cbarity b&5 adequate r&soutces to continue iti operatiottal existence for the foreseeable future by meeting its liabilities as they fall due. based on the net ¢urr¢nt &SS¢t position of the charity and available sources of finance. The Trt￿lee5 reCo￿lse that they have the ability to to exercise control over the charitys Brant making charitable activities thie to the abserjee of any legally billdiug obligations. FIXED ASSETS INVESTMENTS The rnovemenis in fixed asset investments are fully refleeted in 14 to the financial ststements. The Ch￿1￿5 w)lis*d investtnents are included at Tn￿lee$. valuations and the listed investtnents are included at tbeir fair values ai Balattce sheei da* al￿ detsils of Ass¢L8 values are disclosed in note 14. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable to companies eDtitl¢d to the small Companies exemption. Th¢ trustees, annual report was approved 00 20 tk¢¢mb¢r 2023 and signed on behalf of the board of trustees by.. gdufft*tl MR JACOB SCHIMMEL TRUSTEE OotrJSiw envel)￿ ID." 989D3oD(kABBWItM27kn11￿1D7c￿710 4 CHAIUTY FOUNDATION COMPANY LIMITED BY GUAIL4NTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 4 CHAIUTY FOUNDATION YEAR ENDED 31 MARCH 2023 I report to the tntstees on my examination of the financial statements of 4 Charity Foundationllhe charity,) for the year ended 31 March 2023. RESPONSIBILfnES AND BASIS OF REPORT As th¢ tnjstees of the company (and also its directors for the purpw of company law) you are responsible for the preparation of the financial ststements in accordance with the requirements of the Companies Act 2006 ('the 21N)6 Act,). Having satisfled myself that the a¢¢ounts of the cotwy are rK)t required to be au¢Jited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charj'ties Act 2011 {'the 2011 Act,). In carying out my exatnination I bave followed the Direcrions given by the Charity Commission under se¢tion 145{5)Ib) of the 2011 ACL INDEPENDENT EXAMINER'S STATEMENr I have cornpleted my examination. I confjrm that Tnatters have come to my attention in connection with the ¢xamillation ￿VI￿8 cause to believe.. accoulliirtg records were not kept in r¢S￿t of the cbarity as requwed by section 386 of the 2006 Act. or the financial stAtements do not accord with those recoTds' or the flnaneial staten*nts do noi comply witb the accounting requirements of 5ectiOD 396 of the 2(W Act other thatt any reqUire￿￿￿t that the accounts give a 'true and fair, view which is not a rnatter considered a5 part of an independent examITJation.' or the financial statrments have not been prepared in a¢cord8nce with the methods and principles of the Sthtenrnt of Recommended Practice for accounting aod reporting by ctwiiies applicable io charities prepariDg their accouttts in accordance with tbe Finan¢ial R¢porting Standard app1]￿ble irt the UK and Republic of Ireland IFRS 102). I have no collcerns and have come across no other matters in connection with the examirtation to which attentiott should be drawo In this report ID ord¢r io ¢Dable a propu ￿￿dersta￿dIng of tbe aecounts to be reacbed. David Goldberg, FCA DChA Independent Examitier New Burlington House 1075 Finchley Road LONDON NWII OPU 20 December 2023 DorAJ&gn Enyeky ID.. 9B9D￿0￿ABB￿1D¥27A-l￿EIDTDc11D 4 CHAIUTY FOUNDATION COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTtvrriES (INCLUDtNG INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2023 2023 Unrestricted funds Total funds Total funds 2022 Notr Ineome and endowments Investment income 61.357 61,357 61.357 167,803 Total income 61,357 167.803 Expenditure Expenditure on taisirtg fund5- Investment management costs Expendirure ot) charitable ￿￿VItieS Total expeDditurt 9,941 9,941 8,279 78 (699.036) (699,036) 1750.279) (689.095) (689.095) 1742,000) Net gain4(1055es) on investments io 62.436 62,436 (138,656) Net expendiknre a￿d net movement in funds {565,302) ($65.302) (712.853) Reeonclllatiott of funds Totsl funds br¢)ught forward Total funds £4rried forward 3.680.417 3.115.115 3,6811,417 3,115,115 4,393,270 3,680,417 The statement of financial activities includes all gains and loss￿ reco8ni5ed in the yeaT. All income and expendi¢uTe d¢rive from continuing activities. The notes p*ge$ 7 1• 15 forni p*rtaf theEefinaDcixI stxteThent Do¢u&ort En¥ebpe 10.. 9W3mA8BW1fM27A-1¢ME4D70C710 4 CHARITY FOUNDATION COMPANY LtMITED BY GUARANTEE STATEMEiYf OF FINANCIAL POSITION 31 MARCH 2023 2023 2022 Plott Fixed a$5etS lrtvestments 14 1,198,005 1,347,634 C￿TTent assets Debtors Cash at bank and in hand 15 1,174,804 769J06 1,944,110 (27,iMJO) 1,849.595 502.388 2,351,983 Creditors: xmounts falling due within one yeAr Net current assets 16 (19,200) 2,332,783 1.917.110 Total assets less curreDt liabilities 3,lJS.115 3,115,115 3,680,417 3.680.417 Net Assets Fund5 of the charity Unrestricted fvnds 3.115,115 3.1 IS.1 IS 3,680,417 3.680,417 Total charity (unds 17 For the year ending 31 Marcb 2023 the chatity was eniiiled to exemption from audir under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibiliiies.. The member5 have not required the company to obtsill an audit of its f￿anCIal sthiements for the year in qu&%tion in accordance with seciKon 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to acco¥Jnting records and the preparation of flnancial statements. These fmancial staiements have been prepared in accordance with the provisions applicable to colnpanhes subject to the srnall companies, reglme. These financial statemeT]ts were approved by the board of tsijstees and authorised foT issue on 20 December 2023, and are si8ned on betrLalf of the board by: MR JACOB SCHIMMEL TRUSTEE Tht note5 0th pagL$ 7 to 15 forni p*rtof thE5e financi￿ ststemeDL OorJJ*n Enwjknpe ID.. 9&9D30DWW441D427A-106E4On￿710 4 CHAIUTY FOUNDATION COMPANY LIMITED BY CUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR EIYDED 31 MARCH 2023 GENE114L INFORMATION The charity is a public benefit entity and a private company limited by guarantee, registered in Englattd and Wales and a registered cljarity io England aDd Wales. Th¢ address of th¢ registered office is 121 Princes Park Avenue. London, NWI I OJS. STATEMEf4T OF COMPLIANCE Th¢s¢ fjnancial statements have been prepared in compliance with FRS 102. 'The Financial ReportiDg Standard applicable ill the UK and the Republic of Ireland,, th¢ Statem¢Dt of Recommettded Practice applicable to clwities preparing their ac¢ounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of treland IFRS 102) Icharilies . SORP IFRS 102)) and the Compawes Aet 2006. ACCOUNTING POLICAES Basis of preparation The financial staiements have been prepared on the historical cost basis, as modified by the revaluauon of censin f￿anCIal assets and liabilities and itivesttnents me&suted at fair value through incotlle or expendirthre. The flnancsal sthtements are prepared in sterling, which is th¢ fvnctional Currency of the entity. Colttg concern With the exception for those going Concern issues (mentioned in the tsustees. ￿pOrt) ID respect of the global economy. the tntstees, are of the opinioo that there are no other m2terial uncertainties about the Charitys ability to ¢ontinu¢ its operation in the foTeseeable future. ConsolidatlOD The elltity has taken advanrage of the opiion not to prepare coosolidated financial statements conrained in Section 398 of tb¢ Compani¢s Act 2006 on the bL%is that the entity and its subsidiary und¢rtaking comprise a srnall group. nocuswn Envekpe ID.. g89D3ODMW)441(W27￿lO&4￿7t)¢71D 4 CHARITY FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEI¥TS (e•MlrBw¢é) YEAR ENDED 31 MARCH 2023 ACCOUNTIIYG POLICIES Judgements and key So￿r¢¢5 of estimation uneertaitity Judgements made by the ts71s￿ in the application of these ac¢ounting FK)iicies thai bave signifieant effect on the financial ststemenL5 and ¢Stirnates with a sigllificant risk of tnaterial adjustment in the next year are as follows.. (i) Investm¢nt Valuation The Val￿tion of uulisted investrients at rnjstees, valuauon is subj¢ctiv¢ and d¢peDds factor$ including the naDJre of the illveskneni and its expected future returns and capital appreciation. Therefore. the valuation is subject to a degree of uncertaillty and is made on the basis of assumptions which may noi prove to be accurate particularly in periods of difficult market or t￿nOMiC conditions. (li) Debtors ManageTnent ￿le details of the age of loan debtors and the Status of any disputes togethei with external existence of the credit status of the counterparty in making judgemenis concerning any need to impair the carrying value. The twsie¢s do not consider there are any critical judgem¢Dts or sourw of estimation wi¢ertainty requring disclosure beyond the accounting policies listed aiK>ve. Foreign eurrencies Foreign Currency transactions ar¢ initially recorded in the fitsKtional currency, by applying the spot exchange rate as at the date of the tra[￿aCtIOll. Mooewy assets aDd liabilities denominat¢d in forei￿1 cu￿t￿CleS are translated at the exchange r&* rnlin8 at th¢ r¢porting date, with any gains or losses being tsken to ihe ststement of financial activities. Fund ￿cOUntIng Unrestricted Sjnds are available for use at tb¢ di$￿tiOn of the trustees to fimher any of tbe charity's purposes. Designat¢d funds are unrestricted funds eamwked by the trustees for particular future project or comrnitmeTJt. Rcstricted funds are subjecied w restrictions on their ¢xptDditUTe declared by the donor or through tbe tem￿ of an appeal. and fall into one of two sulKlasses." resthc(ed iTJcome funds or endowment funds. 1￿COMIng resources All income is included in the sta*ment of financial activities on accrual b&sis and 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 ieliably rne&8ured. DcGu&gD Env•bpe10.. 989D3crf)WB￿1D427A-1tj6E4OTDC7ID 4 CHARITY FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Resotsrees expended Expetidiwe is recogDised orl an accruals basi5 &5 a liability is inCu￿ed. Expenditure includes aoy VAT which caDllOt be fuuy recovere4 and 15 classified UDder headiugs of the $tatetnent of rinancial activities to which it rel￿&8. Expendimre on clwitsble activities includes all costs tncurred by a charity in undertaking activilies that fvrther its ¢lwA'table al￿$ for the benefit of its beneficiarie5, including tbose sllp￿rt costs and costs r¢latin8 to the governaDce of the charity appgrtioned to charitable activities. Investments Unlisted equity investments are initially recorded at cosl and subsequently nJe8sured at fair value. If fair Wdlu¢ catmot be reliably mwured, &ssets are rneasured at ctsst less impairrnent. Listed investTnents are tneasured at fair value with changes in fair value being recogtiÉsed in illcome or expelldiwre. Financial instruments A financial asset or a financial liability is recognised only when the e3)tity be¢on￿$ a party to the conrractual provisions of the insuument Basic f￿ancIal instn]mcnts are initially recogni5ed at the atnount receivable or paable including any related tra[￿ctiOn costs, unless the arrange￿etIt constitutes a financillg trausaction, where it is reCO￿lsed at the present value of the future payThLents discounted at a market rate of interest for a similaT debt instrument. Current assets attd current liabilities are subsequently n)easured a¢ the cash or other consideiation expected to be paid or r¢¢eiv¢d and oot discowit¢d. Debt instrnments are subsequently M￿ured at amortised COSL Where inv&8tments in shares or preference shares are publicly traded or their fair value can otheThvise be measured reliably. tbe investment is subsequeody measured at fair value with changes in fair value recognised in income and ¢xpenditure. All otheT su¢h iDV¢Stm¢nt5 ar¢ subsequently rneAsured at eost less iinpairnienL Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impaimieni at the end of eacb reporting date. If there is objective evidence of impairn]enL an impairment loss is recognised w)der the appropriat¢ headiDg ID the ststement of finaD¢ia] activities in which the initial ￿1n was reco￿]15¢d. For all equity in5trutnents regardless of si8nificance, artd other financial t%sets tbat are individually sigwficant. these are assessed individually for itnpalrn￿n1. Othei fmancial assets are either &ssessed individually or on the basis of similar credit risk characteristics. Any reversals of iTnpairTnent are reco￿lSed immeth"ately. to the extent that the ieversal does not result in a canyng amouni of the financial asset that exceeds what the carrying amount would have beeD bad the impairn￿1t not previously been recognised. Dowsign Ehv8W ID". 989030D(kABfy>441tNB27h1￿E4o1Dc71O 4 CHAIUTY FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEIYTS YEAR ENDED 31 MARCH 2023 LIMITED BY GUARANTEE The Charity is a company limited by guarantee and has no share capital. The liability of ¢aeh Lember in the event of winding up is limited to £10. INVESTMENf INCOME UTtrestricted Tot*1 Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Income from investnhents assets outside the UK 61 J57 61JS7 167,803 167,80J INVEST￿NT MAP4AGEMENf COSTS Unrestricted TO1￿ Funds Unrestricted Tot￿ Funds Funds 2023 Funds 2022 Foreign exchange (gaiDS)lloss¢5 (9.941) (9.941) (8,279) {8.279) EXPEf4DITURE or4 CHARITABLE AcfiviTIES BY FUND TYPE un￿St[l¢ted TO¢￿ Funds Urwestricted Totsl Fwi Fw)ds 2023 Funds 2022 Chari¢2ble donations Support costs 671.250 27.786 699.036 671,250 27,786 699.036 715.495 34,784 750,279 715.495 34,784 750,279 -io- Oocusiw En*bp810." 989D3oD￿A8B0441[h8zTKlC￿El07￿70 4 CHARITY FOUNDATION COMPANY LIMITED BY GUARA￿[EE NOTES TO THE FINANCIAL STATEMENTS l¢•AtyA¥e4J YEAR ENDED 31 MARCH 2023 EXPENDITURE ON CHAIUTABLE AcfiviTIES BY ACTIVITY TYPE Grdnt fwiding of activiti¢s Support costs Total funds 2023 Total fund 2022 Charitable donations Governance cosrs 671,250 12,986 14.800 27.786 684,236 14,800 699,036 720,778 29,501 671.250 750.279 All grdnts and donations were paid to Ch￿1[able insiitutions for the puTr05es of the support of education, health aT]d the relief of poverty. The followin8 payments were made during the ye8r ended 31 Mareh 2023.. 2023 KKL Charity Accounts Ahavat Yisroel UK The Marque Foundation Amounts below £lO,O(M) 357,0(H) 214,400 90,OIKJ 9,850 671,250 Total Grants P4y4ble Ai¥ALYSIS OF SUPPORT COSTS 2023 2022 Legal and professioDal fees Travel expenses Bank Char8eSI(refi￿d) Govetnance costs iJoo 11,747 39 14.800 27,786 3.300 1,870 113 29.501 34.784 10. IYET GAINSI(LOSSES) ON INVESTMENTS Untestrictsd Total Fll￿dS Unrestricted Total Funds Funds 2023 Funds 2022 Gains (lO￿s) on revaluatiot) of investsnents Gain51(loss¢s) oll impairmtnt of iDve5tments Gain5 on disposal of other investrn¢nt asse 62.436 62,436 134.126 134.126 {62,635) (62,635) (210,147) {210.147) (138.656) (138,656) 62.436 62,436 li- Dow&on EnvÉ*¥e ID.. 9890￿[¥>ABBI￿1EL827￿11ffjE4D7DCTI0 4 CHARITY FOUNDATION COMPANY LIMtTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENfs fe47NlrH•¢dJ YEAR ENDED 31 MARCH 2023 11. INDEPENDENT EXAMINATION FEES 2023 2022 Fees payable to the independent examiner for. Independent examination of the flnancial ststements 8,200 19,2 12. STAFF COSTS The avernge head count of employtts duTing the year w&8 nil (2022.. nil). 13. TRUSTEE REMUNERATtON AND EXPENSES were four TDJstees who served duting the year. The Tn￿teeS did not receive any remunerdtion for their services. The Charity did not meet any individu%1 expenses incurred for services provided to the charity. 14. JNVLSTMENTS Non-UK Shares in Quoted group Non-UK Shares underfakings Investments Tot*] Cost or valuation At l April 2022 Additions Disposals Fair v&llle movements 132.731 93 1,194,810 lJ47,634 1,301 iJoi (128.787) (128,787) {46,833) 122,143) 1.020,491 1.198.005 24,69) 77.421 At 31 March 2023 93 lrnpairtnent Al l April 2022 and 31 Mareh 2023 Carrylng amount At 31 March 2023 177.421 152,731 93 1,020,491 1,194,810 1,198,005 1,347,634 At 31 March 2022 93 All investtnents shown above are held at wdluation. 12- D(uSign Envekipe 10.. 9890￿)￿A8￿41(￿7A-1o6E401￿1lD 4 CHAIUTY FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (cMliMue4) YEAR ENDED 31 MARCH 2023 14. INVESTMENTS iu•ii*tyt4J The shares in the group undertaking are held at cost. All other investments are held at fair vklue. Th¢ Listed investments are l&s*d ot) recognised St(￿k ExchaDg¢ muk¢ts and are Wdlued according to the market value ￿ 31 March 2023. The Charivs investsmtt)ts were included in the acc