## ## ## |`Constitution`|`RothschildFoundation(Hanadiv)Europeisa companylimitedbyguarantee`
`and`
`a`
`registeredcharitygoverned`
`by`
`itsmemorandum`
`and`
`articles`
`of`
`association.Itisa registeredcharity,No.1083262.CompanyNo.03948898.`|`RothschildFoundation(Hanadiv)Europeisa companylimitedbyguarantee`
`and`
`a`
`registeredcharitygoverned`
`by`
`itsmemorandum`
`and`
`articles`
`of`
`association.Itisa registeredcharity,No.1083262.CompanyNo.03948898.`|`RothschildFoundation(Hanadiv)Europeisa companylimitedbyguarantee`
`and`
`a`
`registeredcharitygoverned`
`by`
`itsmemorandum`
`and`
`articles`
`of`
`association.Itisa registeredcharity,No.1083262.CompanyNo.03948898.`|`RothschildFoundation(Hanadiv)Europeisa companylimitedbyguarantee`
`and`
`a`
`registeredcharitygoverned`
`by`
`itsmemorandum`
`and`
`articles`
`of`
`association.Itisa registeredcharity,No.1083262.CompanyNo.03948898.`|`RothschildFoundation(Hanadiv)Europeisa companylimitedbyguarantee`
`and`
`a`
`registeredcharitygoverned`
`by`
`itsmemorandum`
`and`
`articles`
`of`
`association.Itisa registeredcharity,No.1083262.CompanyNo.03948898.`| |---|---|---|---|---|---| |`DirectorsandTrustees`|`Thedirectorsofthecharitablecompany(“theFoundation”)areitstrusteesfor`
`thepurposeofcharitylaw andthroughoutthisreportarecollectivelyreferred`
`toasthetrustees.Assetoutinthearticlesofassociationthechairmanofthe`
`boardoftrusteesisappointedbythetrustees.Themembershavethepowerto`||||| ||`appointanyoftheirnumbertobea trustee.`||||| ||`Thetrusteeswhoservedduringtheyearandtothedateofsigning`|||`were:`|| ||`LordRothschildOMGBE(President)’`||||| ||`SirBradleyFried(Chairman)`||||| ||`SirVictorBlank`||||| ||`MmeBéatriceRosenberg`||||| ||`DrDavidLandau`||||| ||`AdamKarni-Cohen`||||| ||`TheHonourableBethRothschild`||||| ||`NicolaCobbold`||||| ||`NicolaLoftus`||||| ||`BenAvigdori`||||| |`CompanySecretary`|`LMasterton`||||| |`ChiefExecutive`|`SBerkovic`||||| |`RegisteredOffice`|`14StJames’sPlace`||||| ||`London`||||| ||`SWIAINP`||||| |`Auditors`|`SafferyLLP`||||| ||`71QueenVictoriaStreet`||||| ||`LondonEC4V4BE`||||| |`Bankers`|`TheBankofNewYorkMellon`||||| ||`RueMontoyer46`||||| ||`B-1000Brussels`||||| ||`Belgium`||||| ||`Coutts& Company`||||| ||`440Strand`||||| ||`LondonWC2R0QS`||||| |`Solicitors`|`Farrer& CoLLP`||||| ||`66LincolnsInnFields`||||| ||`LondonWC2A3LH`||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||`Expendable`|`Unrestricted`|||||| |---|---|---|---|---|---|---|---|---| |||`endowment`|`income`||`Yearended`||`Yearended`|| |||`fund`|`fund`||`31-Dec`||`31-Dec`|| |||`2023`|`2023`||`2023`||`2022`|| ||`Note`|`£`|`£`||`£`||`£`|| |`Incomefrom:`||||||||| |`Investments`|`9.`|`-`|`205,256`||`205,256`||`193,652`|| |`Donations`
`Totalincome`|`3.`|

`-`
`-`|

`-`
`205,256`|

|

`-`
`205,256`|

|

`810,376`
`1,004,028`|

| |`Expenditureon:`||||||||| |`Raisingfunds`||||||||| |`Investmentmanagementcosts`|`4.`|`855,158`|`-`||`855,158`||`792,423`|| |`Charitableactivity`||||||||| |`AcademicJewishStudiesProgramme`
`HeritageandCultureProgramme`
`EducationandResearch`
`NationalLibraryofIsraelandother`
`CommunityWelfare`
`Totalresourcesexpended`|`4.`
`4.`
`4.`
`4.`
`4.`|

`-`
`-`
`-`
`-`
`-`
`855,158`|

`1,255,357`
`2,657,431`
`948,317`
`873,168`
`1,813,612`
`7,547,885`|

|

`1,255,357`
`2,657,431`
`948,317`
`873,168`
`1,813,612`
`8,403,043`|

|

`1,374,549`
`3,740,951`
`1,017,551`
`620,253`
`1,382,327`
`8,928,054`|

| |`Netoutgoingresourcesbefore`
`investmentmovement`||`(855,158)`|`(7,342,629)`||`(8,197,787)`||`(7,924,026)`|| |`Netlossesoninvestmentassets`||||||||| |`Realisedandunrealisedinvestment`
`losses`||
`1,448,460`||
`-`|
`1,448,460`|
|
`(4,643,670)`|
| |`Netincomeandexpenditure`||`593,302`|`(7,342,629)`||`(6,749,327)`||`(12,567,696)`|| |`Transfersbetweenfunds`
`Netmovementinfunds`
`Fundbalancesbroughtforward`|`1.b.`|

`(7,342,629)`
`(6,749,327)`
`134,476,386`|

`7,342,629`|

`-`
`-`|

`(6,749,327)`
`134,476,386`|

`-`

|

`(12,567,696)`
`147,044,082`|

`-`

| |`Fundbalancescarriedforward`||`127,727,059`
||`-`
|`127,727,059`
|
|`134,476,386`
|
| ## ## |`LANCESHEET`
`AT31DECEMBER2023`||||| |---|---|---|---|---| |||
`31-Dec`|
`31-Dec`|| ||`Notes`|`2023`
`£`|`2022`
`£`|| |`FixedAssets`
`Tangibleassets`|`8.`|
`-`|
`2,528`|| |`Investments`
`Quotedsecuritiesandunquotedinvestments`
`Derivativefinancialinstruments`
`Salesforfuturesettlement`
`Purchasesforfuturesettlement`
`Cashbalances`|`9.`|`128,689,082`
`536,455`
`139,843`
`98,186`
`2,843,987`
`132,307,553`|`133,014,871`
`571,700`
`-`
`-`
`5,289,051`
`138,875,622`|| |`Currentassets`
`Prepayments`
`Cashatbank`||

`122,358`
`19,861`
`142,219`|

`126,521`
`24,044`
`150,565`|| |`Creditors:amountsfallingduewithinoneyear`
`Othercreditors`
`Grantspayablewithinoneyear`||`3,611`
`3,751,415`
`30,172`|`3,965`
`3,633,289`
`113,003`|| |`Accruals`||
`3,785,198`|
`3,750,257`|| |`Netcurrentliabilities`||`(3,642,979) `|`(3,599,692)`|| |`Creditors:fallingdueinmorethanoneyear`
`Grantspayable`|`11.`|`(937,515)`|`(802,072)`|| |`Netassets`||

`127,727,059`|

`134,476,386`|
| |`Funds`
`Expendableendowmentfund— historicalcost`
`Expendableendowmentfund— revaluation`
`Restrictedincomefund`
`Unrestrictedincomefund`|`12.`|`71,248,359`
`56,478,700`
`-`
`-`|`74,968,273`
`59,508,113`|

`-`
`-`| |`Totalfunds`
`Thesefinancialstatementshave beenpreparedin`
`companies’regime.Thenotesonpages16to30`
|
`13.`
`127,727,059`
`134,476,386`

`accordancewiththeprovisionsapplicabletocompaniessubjecttothesmall`
`formpartofthesefinancialstatements.`
`ardon09July2024andsignedontheirbehalfby:`|||| |`SirBradleyFried\`
`Chairm`|||`DrDavid`
`Landau,`|`Trustee`| ## ## ||`2023`|`2022`| |---|---|---| ||`£`|`£`| |`Netcashusedinoperatingactivities`|`(8,582,493)`|`(8,256,002)`| |`Cashflowsfrominvestingactivities:`||| |`Purchaseofinvestments`|`(7,571,092)`|`(10,052,039)`| |`Proceedsfromsaleofinvestments`
`Proceedsfromforwardcurrencycontracts`|`13,518,930`
`185,408`|`18,129,082`
`(201,710)`| |`Incomefrominvestmentsincash`
`Netcashprovidedbyinvestingactivities`|

`-`
`6,133,246`|

`144,925`
`8,020,258`| |`Changeincashandcashequivalentsintheyear`|`(2,449,247)`|`(235,744)`| |`Cashandcashequivalentsat1 January`
`Cashandcashequivalentsat31December`|

`5,313,095`
`2,863,848`|

`5,548,839`
`5,313,095`| |`Notestothecashflowstatement`||| |`Analysisofcashandcashequivalents`|`2023`
`£`|`2022`
`£`| |`Cashwithininvestmentportfolio`
`Cashatbank`|

`2,843,987`
`19,861`
`2,863,848`|

`5,289,051`
`24,044`
`5,313,095`| |`Reconciliationofchangesinresourcesto`
`netcashusedinoperatingactivities`
`Netloss(Page13)`
`(Gains)/ lossesoninvestments`
`Incomefrominvestmentsincash`
`Depreciationcharges`
`Realisedexchange(loss)`
`(Increase)/ decreaseinsalesforfuturesettlement`
`(Increase)/ decreaseinpurchasesforfuturesettlement`
`Decrease/ (increase)indebtors`
`Increase/ (decrease)increditors`
`Netcashusedinoperatingactivities`|
`2023`
`£`
`(6,749,327)`
`(1,448,460)`
`-`
`2,528`
`(323,752)`
`(139,843)`
`(98,186)`
`4,163`
`170,384`
`(8,582,493)_ `
|
`2022`
`£`
`(12,567,696)`
`4,643,670`
`(144,925)`
`2,843`
`(2,382,166)`
`1,503,329`
`979,161`
`(29,559)`
`(260,659)`
`(8,526,002)_ `
| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||`Expendable`|`_Restricted`|`Unrestricted`||| |---|---|---|---|---|---| ||`endowment`|`income`|`income`|`Yearended`|| ||`fund`|`fund`|`fund`|`31-Dee`|| ||`2022`|`2022`|`2022`|`2022`|| ||`£`|`£`|`£`|`£`|| |`Incomefrom:`|||||| |`Investments`|`-`|`-`|`193,652`|`193,652`|| |`Donations`|
`-`|
`810,376`|
`-`|
`810,376`|
| |`Totalincome`|

`-`|

`810,376`|

`193,652`|

`1,004,028`|

| |`Expenditureon:`|||||| |`Raisingfunds`|||||| |`Investmentmanagementcosts`|`792,423`|`-`|`-`|`792,423`|| |`Charitableactivity`|||||| |`AcademicJewishStudiesProgramme`|`-`|`-`|`1,374,549`|`1,374,549`|| |`HeritageandCultureProgramme`|`-`|`810,376`|`2,930,575`|`3,740,951`|| |`EducationandResearch`|`-`|`-`|`1,017,551`|`1,017,551`|| |`NationalLibraryofIsraelandother`|`-`|`-`|`620,253`|`620,253`|| |`CommunityWelfare`|
`-`|
`-`|
`1,382,327`|
`1,382,327`|
| |`Totalresourcesexpended`|
`792,423`|
`810,376`|
`7,325,255`|
`8,928,054`|
| |`Netoutgoingresourcesbefore`|||||| |`investmentmovement`|`(792,423)`|`-`|`(7,131,603)`|`(7,924,026)`|| |`Netlossesoninvestmentassets`|||||| |`Realisedandunrealisedinvestment`|||||| |`losses`|
`(4,643,670)`|
`-`|
`-`|
`(4,643,670)`|
| |`Netincomeandexpenditure`|`(5,436,093)`|`-`|`(7,131,603)`|`(12,567,696)`|| |`Transfersbetweenfunds`|
`(7,131,603)`|
`-`|
`7,131,603`||
`-`| |`Netmovementinfunds`|
`(12,576,696)`||
`-`|
`(12,576,696)`|
| |`Fundbalancesbroughtforward`|
`147,044,082`|
`-`|
`-`|
`147,044,082`|
| |`Fundbalancescarriedforward`|`134,476,386`
|`-`
|`-`
|`134,476,386`
|
| ## ## |`3.`|`GrantsandDonations`|||| |---|---|---|---|---| |||`2023`||`2022`| ||`AcademicJewishStudiesProgramme`|`£`||`£`| ||`EuropeanAssociationforJewishStudies`
`EcolePratiquedesHautesEtudes,Sorbonne`|`153,000`
`139,500`||`140,500`
`-`| ||`PragueCentreforJewishStudies,CharlesUniversity`|`83,000`||`-`| ||`UniversityofManchester`|`66,812`||`-`| ||`LudwigMaximiliansUniversity`|`60,000`||`-`| ||`UniversityofGranada`|`57,000`||`-`| ||`Justus-Liebig-UniversitatGieBen`|`57,000`||`-`| ||`WorldUnionofJewishStudies,HebrewUniversityofJerusalem`
`UniversityofAmsterdam`|`=`
`110,500`|
|`132,000`
`115,500`| ||`EcolePratiquedesHautesEtudes,Sorbonne`
`UniversityofLondon`|`-`
`99,881`||`110,500`
`79,020`| ||`UniversityofCambridge`|`-`||`70,000`| ||`UniversityCollegeLondon`|`126,998`||`70,000`| ||`ComplutenseUniversityofMadrid`|`57,000`||`68,544`| ||`SapienzaUniversitadiRoma`|`-`||`65,726`| ||`UniversityofBern`|`-`||`60,792`| ||`AlexandruloanCuzaUniversity`|`-`||`51,000`| ||`Individualgrantsoflessthan£50,000`|`143,558`||`251,473`| ||`Earliergrantspart-returnedorcancelled`|

`(91,638)`
`1,062,611`|

|

`(10,746)_ `
`1,204,309`| ||`JewishHeritageProgramme`|||| ||`AmericanJewishJointDistributionCommittee`|`160,000`||`-`| ||`JewishMuseumofGreece`|`150,000`||`-`| ||`QuincentennialFoundation`
`JewishMuseumofTurkey`|`147,383`||`-`| ||`HolocaustCentreNorth`|`120,000`||`-`| ||`Muséed'artetd'histoireduJudaisme`
`ETH,Zurich`|`115,118`
`112,000`|
|`-`
`-`| ||`StateArchiveofRavenna`
`CentralArchivesfortheHistoryoftheJewish People`|`80,000`
`80,000`|
|`-`
`-`| ||`LondonSchoolofJewishStudies`|`79,200`||`-`| ||`TheUrbanMemoryFoundation`|`75,000`||`-`| ||`JewishMuseumFrankfurt`|`74,357`||`-`| ||`JewishMuseumofVienna`|`68,500`||`-`| ||`WienerHolocaustLibrary`|`66,750`||`-`| ||`BibliothecaRosenthaliana`|`60,000`||`-`| ||`JewishStudiesProgramme,CentralEuropeanUniversity`|`57,167`||`-`| ||`OsrodekBramaGrodzkaTeatrNN`|`52,905`||`-`| ||`ComunitaEbraicadiVenezia`||`?`|`797,344`| ||`TheNationalHolocaustCentreandMuseum`||`-`|`141,600`| ||`BodleianLibraries,UniversityofOxford`|`133,333`||`133,334`| ## ## |`3.Grantsanddonations(continued)`||| |---|---|---| ||`2023`|`2022`| ||`£`|`£`| |`IsraelitischeGemeindeBasel`
`UnionedelleComunitaEbraicheItaliane`
`BritishLibrary`
`AssociationOfEuropeanJewishMuseums`
`MuseoEbraicoVenezia`
`GhettoFighters’HouseMuseum`
`JiidischesMuseumderSchweiz`
`Tuddsmenedzsmentert,TudasalapuTechnologidértAlapitvany`
`BradiansTrust`
`CentrointernazionaleLeoLeviperlaricerca,laconservazionee la`|`=`
`131,651`
`-`
`-`
`-`
`-`
`=`
`-`
`-`|`120,000`
`117,612`
`111,615`
`105,000`
`100,000`
`93,000`
`75,000`
`73,000`
`72,338`
`72,000`| |`valorizzazionedelpatrimoniomusicale`||| |`StichtingJoodsMaatschappelijkWerkMW)`
`JewishMuseuminPrague`
`SephardiVoicesUK`
`MartynasMazvydasNationalLibraryofLithuania`
`GrazMuseum`
`Centrenationald’artetdecultureGeorgesPompidou`
`AssociationofJewishLibraires`
`TaubeDepartmentofJewishStudies,UniversityofWroclaw`
`JewishHistoricalMuseum`
`Individualgrantsoflessthan£50,000`
`Earliergrantspart-returnedorcancelled`
`JewishEducation`
`HillelDeutschlande.V`
`Jw3`
`MachonKehilot`
`EducatingforImpact`
`|TheCentreforEducationalTechnology`
`JLC- PartnershipforJewishSchools`
`UnionofJewishStudentsoftheUKandIreland`
`JewishBookCouncil`
`Sadeh`
`Individualgrantsoflessthan£50,000`
`Earliergrantspart-returnedorcancelled*`|

`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`450,287`
`(19,737)`
`2,193,914`
`105,000`
`90,000`
`80,000`
`-`
`-`
`-`
`-`
`=`
`315,650`
`(121,877)`
`468,773`
|

`71,228`
`69,650`
`68,106`
`59,372`
`58,650`
`54,838`
`54,000`
`53,784`
`52,400`
`547,754`
`(1,176)`
`3,100,448`
`=`
`-`
`-`
`185,171`
`95,500`
`90,000`
`75,000`
`50,000`
`171,893`
`(58,344)`
`609,220`
| ## ## |`3.`|`Grantsanddonations(continued)`|`2023`|`2022`| |---|---|---|---| ||`NationalLibraryofIsraelandothergrants`||| ||`GesherL’Europa[ABridgetoEurope]`|`750,000`
|`550,000`
| |||`750,000`
|`$50,000`
| ||`CommunityWelfare`
`Institutefor`
`JewishPolicyResearch`|`465,000`|`-`| ||`EducatingforImpact`|`208,547`|`-`| ||`JewishFuturesTrust`|`180,000`|`-`| ||`TheJewishAssociationforMentalIllness`|`169,744`|`-`| ||`Norwood`|`60,000`|`-`| ||`JewishWomen'sAid`|`50,000`|`-`| ||`WorldJewishRelief`|`-`|`250,000`| ||`Institutefor`
`JewishPolicyResearch`|`-`|`190,000`| ||`PillarFoundation`|`117,980`|`126,732`| ||`JWw3`|`-`|`100,000`| ||`SocialFinance`|`-`|`80,300`| ||`RabbiSacksLegacyTrust`|`-`|`50,000`| ||`JDC`|`-`|`36,917`| ||`Individualgrantsoflessthan£50,000`|`336,516`|`395,600`| ||`Earliergrantspart-retumedorcancelled`|

`(30,000)`
`1,557,787`|

`(3,792)_ `
`1,225,757`| ||`Totalgrants`|
`6,033,085`
|

`6,689,734`

| ## ## ## |`a)`|`2023`||||||| |---|---|---|---|---|---|---|---| ||||||`Support& `||| ||||`Other`|`Investment`|`Admin`|`Governance`|`Total`| |||`Grants`
`£`|`Activities`
`£`|`Costs`
`£`|`Costs`
`£`|`Costs`
`£`|`2023`
`£`| ||`InvestmentManagement`|`-`|`-`|`792,532`|`62,626`|`-`|`855,158`| ||`CharitableExpenditure`||||||| ||`UnrestrictedFund`
`AcademicJewishStudies`
`CultureandHeritage`
`EducationandResearch`
`NationalLibraryofIsrael`
`CommunityWelfare`
|
`1,062,611`
`2,193,914`
`468,773`
`750,000`
`1,557,787`|
`15,667`
`88,663`
`345,775`
`-`
`-`|
`-`
`-`
`-`
`-`
`-`|
`172,631`
`365,438`
`130,409`
`120,074`
`249,399`|
`4,448`
`9,416`
`3,360`
`3,094`
`6,426`|
`1,255,357`
`2,657,431`
`948,317`
`873,168`
`1,813,612`| |||
`6,033,085`|
`450,105`|
`792,532`|
`1,100,577`|
`26,744`|
`8,403,043`| |||
`Note3.`|||||| ## |`2022`|||||||| |---|---|---|---|---|---|---|---| |||||`Support& `|||| |||`Other`|`Investment`|`Admin`|`Governance`||`Total`| |`InvestmentManagement`|`Grants`
`£`
`-`|`Activities`
`£`
`-`|`Costs`
`£`
`742,863`|`Costs`
`£`
`49,560`|`Costs`
`£`
`-`|

|`2022`
`£`
`792,423`| |`CharitableExpenditure`|||||||| |`Unrestricted`
`Fund`
`AcademicJewishStudies`
`CultureandHeritage`
`EducationandResearch`
`NationalLibraryofIsrael`
`CommunityWelfare`|`1,204,309`
`2,303,104`
`609,220`
`550,000`
`1,225,757`|`14,550`
`205,226`
`293,077`
`-`
`-`|`-`
`-`
`-`
`-`
`-`|`152,525`
`413,663`
`112,911`
`68,825`
`153,388`|`3,165`
`8,582`
`2,343`
`1,428`
`3,182`|

|`1,374,549`
`2,930,575`
`1,017,551`
`620,253`
`1,382,327`| |`RestrictedFund`
`CultureandHeritage`
|
`797,344`|
`-`|
`-`|
`13,032`||
`-`|
`810,376`| ||
`6,689,734`|
`512,853`|
`742,863`|
`963,904`|
`18,700`|
|
`8,928,054`| |
`Note3.`
`beenallocatedbasedontheamountoftimeallocatedtoeachactivity.`
`Supportcostshave beenallocatedpro-ratatograntsandotheractivitiesforeach`||||
`programme.Administrationcosts`|||
`have`| ## ## |`5.`|`Administrationcostsinclude:`||| |---|---|---|---| ||`Auditors’remuneration(incl.`
`VAT)`||| ||`Depreciation`||| |`6.`|`StaffCosts`
`Wagesandsalaries`
`NationalInsurance`
`Pensions`
`LifeInsurance`|`2023`
`£`
`443,311`
`60,398`
`71,941`
`5,064`
`580,714`|`2022`
`£`
`394,519`
`54,141`
`58,602`
`5,591`
`512,853`| |`Thenumberofemployeeswhoseemolumentsasdefinedfortaxati`|`onpurposesamountedtoover£60,00`|`inthe `| |---|---|---| |`follows:`|`Number`|`Number`| ||`2023`|`2022`| |`£70,001- £80,000`|`1`|`1`| |`£150,001- £160,000`
`£160,001- £170,000`|`1`|| ||`2023`|`2022`| ||`£`|`£`| |`Totalbenefitspaidtokeymanagementpersonnel`|`207,576`|`187.752`| ||`Number`||`Number`| |---|---|---|---| |`Charitableactivities`
`Managementandadministration`||`5`
`1`|| ## ## ## ## |`9.`|`Investments`|`31-Dec`|`31-Dec`|| |---|---|---|---|---| |||`2023`|`2022`|| ||`Quotedsecurities`|`£`|`£`|| ||`Marketvalueasatstartofyear`|`74,603`|`1,490,924`|| ||`Investmentpurchases`|`-`|`-`|| ||`Disposalproceeds`|`-`|`(1,272,654)`|| ||`Netinvestmentgains`|`(11,485)`|`(143,667)`|| ||`Marketvalueasatendofyear`|`63,118`|`74,603`|| ||`Unquotedinvestments`|||| ||`Valuationatstartofyear`|`48,969,401`|`43,222,067`|| ||`Investmentpurchases`|`7,571,092`|`10,052,039`|| ||`Investmentdistributions`|`(4,993,931)`|`(5,856,428)`|| ||`Trustees’revaluation`|`(4,582,537)`|`1,551,723`|| ||`Valuationasatendofyear`|`46,964,025`|`48,969,401`|| ||`Multi-assetfunds`|||| ||`Valuationatstartofyear`|`83,970,867`|`99,235,782`|| ||`Investmentdistributions`|`(8,525,000)`|`(11,000,000)`|| ||`Trustees’revaluation`|`6,216,072`|`(4,264,915)`|| ||`Valuationasatendofyear`|`81,661,939`|`83,970,867`|| ||`Quotedsecuritiesandunquotedinvestments`|`47,027,143`|`49,044,004`|| ||`Multi-assetfunds`|`81,661,939`|`83,970,867`|| ||`Derivativefinancialinstruments`|`536,455`|`571,700`|| ||`Salesforfuturesettlement`|`139,843`||`-`| ||`Purchasesforfuturesettlement`|`98,186`||`-`| ||`Cashandequivalents`|`2,843,987`|`5,289,051`|| ||`Totalinvestments`|`132,307,553`|`138,875,622`|| ||`Historicalcost`|`75,828,853`|`79,367,509`|| ## ## ## ||`MarketValue`||`Investmentincome`|| |---|---|---|---|---| ||`2023`|`2022`|`2023`|`2022`| |`Overseasinvestments`|`£`|`£`|`£`|`£`| |`Quotedsecurities`|`7,139`|`8,632`||| |`Unquotedinvestments`|`45,174,249`|`48,588,655`|`90,850`|`155,326`| |`Multi-assetfinds`|`81,661,939`|`83,970,867`||| |`Derivativefinancialinstruments`|`536,455`|`$71,700`||| |`Salesforfuturesettlement`|`139,843`|`-`||| |`Purchasesforfuturesettlement`|`98,186`|`-`||| |`Cashandequivalents`|`2,843,987`|`5,289,051`|
`105,495`|
`26,074`| ||
`130,461,798`|
`138,428,905`|
`196,345`|
`181,400`| |`UKquotedinvestments`|`55,979`|`65,971`||| |`UKunquotedinvestments`|`1,789,776`|`380,746`|`8,911`|`12,252`| ||
`132,307,553`
|
`138,875,622`
|

`205,256`|

`193,652`| |`Totalincomefrominvestments`|||`205,256`|`193,652`| ## ||`2023`|`2023`|`2022`|`2022`| |---|---|---|---|---| ||`£`|`%`|`£`|`%`| |`WHAMEndowmentFund`|`81,661,939`
|`61.70%`
|`83,970,869`
|`60.46%`
| ## ## |`11.`|`Creditorsfallingdueinmorethanoneyear`||| |---|---|---|---| |||`2023`|`2022`| |||`£`|`£`| ||`Grantspayable`
`Within1-2years`
`Within2-5years`|
`752,419`
`185,096`|
`628,622`
`173,450`| |||
`937,515`|
`802,072`| |`12.`|`Reconciliationofhistoricalcostassetsandliabilities`||| |||`2023`|`2022`| |||`£`|`£`| ||`Fixedassets`
`Historicalcostofinvestments`
`Netcurrentliabilities`
`Creditorsfallingdueinmorethanoneyear`|
`:`
`75,828,853`
`(4,395,398)`
`(185,096)`|
`2,528`
`79,367,509`
`(3,599,692)`
`(802,072)`| |||
`71,248,359`|
`74,968,273`| ||`Expendableendowmentfund— historicalcost`|`71,248,359`
|`74,968,273`
| ## ## |`13.`|`AllocationofAssets`|||| |---|---|---|---|---| |`a)`|`2023`|||| |||`Expendable`|`__Unrestricted`|| |||`endowment`|`income`|| |||`fund`|`fund`|`Total`| |||`2023`|`2023`|`2023`| |||`£`|`£`|`£`| ||`Investments`|`132,307,553`|`-`|`132,307,553`| ||`Bankbalances`|`-`|`19,861`|`19,861`| ||`Othercurrentassets`|`-`|`122,358`|`122,358`| ||`Liabilities`|`-`|`(4,722,713)`|`(4,722,713)`| ||`Interfundbalance`|
`(4,580,494)`|
`4,580,494`|
`-`| |||
`127,727,059`|
`-`|
`127,727,059`| |`b)`|`2022`|||| |||`Expendable`|`Unrestricted`|| |||`endowment`|`income`|| |||`fund`|`fund`|`Total`| |||`2022`|`2022`|`2022`| |||`£`|`£`|`£`| ||`Fixedassets`|`-`|`2,528`|`2,528`| ||`Investments`|`138,875,622`|`-`|`138,875,622`| ||`Bankbalances`|`-`|`24,044`|`24,044`| ||`Othercurrentassets`|`-`|`126,521`|`126,521`| ||`Liabilities`|`-`|`(4,552,329)`|`(4,552,329)`| ||`Interfundbalance`|
`(4,399,236)`|
`4,399,236`|
`-`| |||`134,476,386`
|`-`
|`134,476,386`
| ## ## ##