## ## |Trustees|||J A Reuben|| |---|---|---|---|---| ||||S D Reuben|| ||||R Slone|| ||||D LReuben|| ||||ESawyer|| ||||R D Reuben|| |Chadity number|||1094130|| |Company|number||04481304|| |Registered||office|4th Floor|| ||||Millbank Tower|| ||||2'I-24 Millbank|| ||||Landon|| ||||SW1P4QP|| |Independent||Auditors|Gerald Edelrnan|LLP| ||||73 Carnhill|| ||||Londan|| ||||EC3V3QQ|| |Bankers|||Barclays Bank|| ||||1 Churchill
Plass|| ||||London|| ||||E145HP|| |Investment||advisors|UBSWealth Management|| ||||5 Broadgale|| ||||London|| ||||EC2M 2AN|| |Solicitom|||Reed Smith LLP|| ||||Broadgaie Tower|| ||||20 Primrose Street|| ||||London|| ||||EC2A2RS|| |Property|Advisors||Motcomb Estates|| ||||4th Floor|| ||||Migbank Tawer|| ||||21-24 Millbank|| ||||London|| ||||SW1P4QP|| ## ## |||Page| |---|---|---| |Group Trustees'
report||1-4| |Statement
of|Trustees' responsibilities|| |Independent|auditor's
report|6-8| |Consolidated|Statement offinancial
activities|| |Consolidated|snd Charity balance sheet|10| |Consolidated|Statement ofcash flaws|| |Notes to consolidated
financial statements||12-31| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestdicted
Designated|Unrestdicted
Designated|Total|Tote I| |---|---|---|---|---|---| |||funds|funds|2022|2021| ||Notes|8|E|6|8| |I
N
Donations
and legacies
Investments|5|90,000
4,464,066||90,000
4,484,066|4,195,472| |Totalincome||4,554,066||4,554,066|4,195,472| |gxxgg~iture
Raising funds
Charitable
activities
Otherexpenses||1,596,646
3,728,850|7,768|1,596,646
3,736,618|1,677,327
7,185,723
316,757| |Total expenditure||5,325,496|7,768|5,333,264|9,179,807| |Net expenditure
before|||||| |gains and losses on
investments||(771,430)|(7,765)|(779,198)|(4,984,338)| |Net gains on investmenis|13|(3,148,386)||(3,148,386)|3,997,985| |Net expenditure
for the year||(3,919,816)|(7,768)|(3,927,584)|(986,350)| |Fund balances ai 1 January 2022||16,466,536|287,451|16,733,987|17,720,337| |Fund balances at 31 December 2022||12,546,720|259,683|12,806,403|16,733,987| ## ## ||||Group|Group|Charity|Charity| |---|---|---|---|---|---|---| ||||2022|2021|2022|2021| |||Notes||||| |Fixed assets||||||| |Tangible assets
Investments||t6
17|70,683,149
15,045,504|86,403,882
25,816,248|58,579,500
21,210,770|54,390,000
31,981,514| ||||85,728,653|92,220,130|79,790,270|86,371,514| |Current assets||||||| |Debtors|||3,712,773|1,983,015|4,021,495|2,012,471| |Cash at bank and in|hand||8,890,915|14,496,217|8,715,338|14,004,354| ||||12,603,688|16,479,232|12,736,833|16,016,825| |Creditors: amounts
one year|falling due within|20|(3,370,393)|(28,268,179)|(3,120,968)|(27,655,591)| |Net current (liabilities) Iassets|||9,233,295|(11,788,947)|9,615,865|(11,639,066)| |Total assets less current liabilities|||94,961,948|80,431,183|89,406,135|74,732,448| |Creditors: amounts
more than ons year|falling due after|21|(80,835.723)|(62,377,374)|(80,835,723)|(62,377,374)| |Provisions
for llabiiities||||||| |Deferred tax liability||24|(1,319,822)|(1,319,822)||| |Net assets|||12,806,403|16,733,987|8,570,412|12,355,074| |Income funds||||||| |ttnrse)go~a~ad
Designated
funds
General
unrestricted|funds|27|259,683
12,546,720|267,451
16,466,536|259,683
8,310,729|267,451
12,087,623| ||||12,808,403|16,733,987|8,570,412|12,355,074| ## ## ## |||2022|2021|| |---|---|---|---|---| ||Notes||6|f.| |Cash flows from operating
activities
Cash absorbed
by operations|32|(26,827,055)||(2,542,525)| |Investing
activities
Purchase oftangible
fixed assets|||(13,882)|| |Purchase ofinvestment
property||(3,679,267)||| |Purchase of investments
Purchase ofother investments
Proceeds from disposal of other inveslments
investment
income received||(5,928,725)
12,953,883
1,209,195|(10,391)
11718070
1,239,517|| |Net cash generated
from investing
activities||4,555,086||12,933,314| |Financing
activities
Receipt ofloan
Repayment
ofbcrrowings||16,666,667|(1,500,000)|| |Net cash generated
froml(used
in)
financing
activities||16,666,667||(1,500,000)| |Net (decrease)/increase
in cash and cash
equivalents||(5,605,302)||a,a90,fag| |Cash and cash equivalents
at beginning|ofyear|14,496,217||5605428| |Cash and cash equivalents
at end of|year|8,890,915||14,496,217| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |The summary
n|nandal
perfor|mance
ofthe charity alone is;||| |---|---|---|---|---| ||||Total|Total| ||||2022|2021| ||||E|E| |Gift aid receipts
Other donaiions|fram subsidiaries
received||205,368
90,000|159,514| |Other incoming resources
Costs of raising
funds
Grants
paid
Other expenditure|||3,837,671
(1,032,698)
(3,718,618)
(18,000)|3,456,110
(965,760)
(7,181,724)
(3,998)| |Net expenditure|for the year||(636,277)|(4,535,858)| |(Losses)/gains|on Investment|assets|(3,148,386)|3,997,985| |Net movement|in funds||(3,784,663)|(537,873)| |Fund balances|at 1 Januaty|2022|12,355,074|12,892,947| |Fund balances|at 31 December 2022||8,570,411|12,355,074| ## ## ## |Below shaws a summary
ofthe Irading results ofthe two subsidiaries:||| |---|---|---| |Concorde Sixth (Ulster Terrace No 1)Ltd|Total
2022|Tats l
2021| ||8|5| |Profit and Loss Account
Turnaver
Management
expenses
Tax provisions|55,863
(101,851)|18,254
(99,908)
(108,249)| |Gross prafit
Adminstrative
expenses|(45,988)
(96,933)|(189,903)
(50,067)| |Retained
in subsidiary|(142,921)|(239,970)| |At 31 December 2022 the net assets and reserves ofthe company were as||| |follows:||| |Assets and Liabilities
Fixed assets
Current assets
Current
liabilities
Provisions|7 103650
22,980
(3,450,808)
(451,038)|7013883
81,964
(3,277,104)
(451,038)| ||3,224,784|3,367,705| |Net Assets||| |Represented
by.|1|1| |Share capital
Reserves|3,224,783|3 367704| ||3,224,784|3,367,705| ## ## ||||||| |---|---|---|---|---|---| |4|Income earned from other activities||||(Continued)| |||||Total|Total| |||||2022|2021| ||Spicerlte Ltd|||8|5| ||Profit and Loss Account||||| ||Turnover|||570,531|570,854| ||Management
expenses|||(323,732)|(531,307)| ||Gross profit
Adminstrative
expenses
Amount
gift aided lo parent undertaking
Fair value gain on investment
properties|||246,799
(41,431)
(205,368)|39,547
(30,288)
(159,514)
150,255| ||Retained
in subsidiary||||| ||At 31 December 2022 the nel assets and reserves ofthe company
'||were as||| ||follows.||||| ||Assets and Liabilities||||| ||Fixed assets
Current assets|||5,000,000
557,358|5,000,000
753,925| ||Current liabilities|||(1,123.667)|(1,320,234)| ||Provisions|||(868,784)|(868,784)| |||||3,564,907|3,564,907| ||Net Assets||||| ||Represented
by'.
Share capital
Reserves|||3
3,564,904|3
3,564,904| |||||3,564,907|3,564,907| |5|Income frominvestments||||| |||||2022|2021| ||Rental income|||3,254,871|2,805,700| ||Other income|||1,209,195|1,389,772| |||||4,464,066|4,195,472| ## ## ## |6|Raising funds|||||| |---|---|---|---|---|---|---| ||||||2022|2021| ||Investment
property
Ground
rents|management|||413,253|620,222| ||Management
fees
Rates
Legal tt professional
Loan interest|fees|||186,936
37,064
36,987
581,363|122,560
517
23,760
432,243| ||Olher expenses||||341,043|478,025| ||||||1,596,646|1,677,327| |7|Charitable
activities|||||| ||||||2022|2021| ||||||E|E| ||Grant funding
activities
Support costs Including||(see note 9)
governance|costs (see note 10)|3,718,617
18,001|7,181,723
4,000| ||||||3,736,618|7,185,723| |8|Other expenses|||||| ||||||2022f|2021
E| ||Deferred Iax charge|||||316,757| |||||||316,757| ## ## |9|Grants payable||Total|Total| |---|---|---|---|---| ||||2022|2021| ||Paid duding
the year
Grants lo Inslituilons||27,459,657|9
4,427,791| ||Grants to individuals||85,877|75,506| ||Donations
Could 19|33||1,046,386| ||||27,525,534|5,549,683| ||Committed
amounts|||| ||Total brought forward
Total carried forward (see note 23)||(59,699,117)
35,892,200|(56,067,077)
59,699,117| ||||3,718,617|7,181,723| ## ## ## |9|Grants payable|||||(Continued)| |---|---|---|---|---|---|---| ||||||2022|2021| ||||||8|8| ||salem
dation
Air Ambulance
Service
ARK Schools
Arl of Wishes
Bede Foodbank
BFC Foundation
BICOM
Brain Girds UK
British Friends Of Boys Town Jeru
British Film Institute
British Heart Foundation
Cambridge
University
Carers Trust
Centrepoint
Chabad
Community
Security Trust
CW+
Diabetes UK
Design Museum
Fashion East
Fashion Trust
Fauna 8 Flora International
Gabrielles
Angel Foundation
Great Ormond Street Hospital
Greenhouse
Sports
Halacaust
Educational
Trust
Injnmd Jockeys Fund
Jewish Care
Juvenile Diabetes Research Foun||||10,000
180,000
47,152
15,000
5,000
5,000
53,333
755,488
10,000
528,000
5,000
25,000
625,000
53,333
6,763
12,583
8,777
35,000
10,000
75,000
8,000
25,000
11,262|135,000
10,000
11,184
22,995
120,000
70,000
10,000
472,390
25,000
50,000
10,000
25,000
8,000
25,000
20,000| ||LAC
MA
Lync Institute
Make a Wish Foundation
Mayo Clinic
Nancy Reuben
Primary
School
National
Horse Racfng College
Newcastle
West End Foodbank
Noiwccd
Others
Palo for Life
Princess Grace Hospital
Monaco
Racing ta School
Royal Foundation
Royal Free Charity
Royal Marsden Cancer Charity
Serpentine
Trust
Sephardic Academy
of Manhattan
Temple of the Arts
Thames Hospice
Ukraine
donations
University
ofOxford (Reuben
Coll||ege)||5,000
500,000
8,000
59,284
100,000
174,555
7,450
21,186
5,000
10,000
10,000
17,000
5,000
38,736
53,333
80,379
23,950,167|42,706
7,310
255,000
8,000
50,000
323,204
21,186
1,323,821
1,457,500| |||||-21-||| ## ## ## |9|Granbr payable||||||||||(Continued)|(Continued)| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||Yad Vashern||||||||20,754|||| ||||||||||27,575,535||4,503,297|| |10|Analysis ofgovernance||and support|||costs||||||| ||||||||||Governance|2022||2021| ||||||||||costsf||f|f| ||Audit fees||||||||18,000|18,000||4,000| ||||||||||18,000|18,000||4,000| ||Trustees|||||||||||| ||Nane af the Trustees
(or||any persons|||connected|with them) received||any remuneration|or benefits||from the| ||charily during the year. No|||expenses were refunded|||to lhe Trustees|in|the year,|||| |12|Net movement|in funds||||||||2022
f||2021
f| ||Net movement|in funds
Is|stated after|||charging/(crediting)||||||| ||Fees payable to ihe company's
statements||||auditor|for the audit af the company's||finanaal||18,000||4,000| ||(Loss)/gain
an|investment||revaluation|||||(1,575,591)|||3,997,985| |13|Nst gains on Investments|||||||||||| |||||||||||2022||2021| ||Revaluation
of|investments|||||||(2,175,591)|||(169,547)| ||Loss on sale ofInvestmenls||||||||(1,572,'795)|||| ||Revalulion
ofInvestment||properties|||||||600,000|14,098,805|| ||||||||||(3,148,386)|||3,997,985| ## ## ## ||
252ofthe Taxation ofChargeab|le
Gains Act 1992to|the extent that t|hese ars applie|d to its charita|le objects.| |---|---|---|---|---|---|---| |16|investment
Properties||Freehold|Leasehold|Plant end|Total| ||Group||Investment|Invesiment|machinery|| ||||prcpskies|properties||| ||||E|E||| ||Cost
At 1 January 2022
Additions
Dtsposals
Revaluation||55,766,323
3,679,267
600,000|10,637,559|270,688
(270,688)|66,674,570
3,679,267
(270,688)
600,000| ||Al 31 December 2022||60,045,590|10,637,559||70683149| ||At 1 January
2022
Eliminated
in reaped of disposals||||270,688
(270,688)|270,688
(270,688)| ||Carrying
amount
At 31 December 2022||68,045,590|10,637,659||70,683,'l48| ||At 31 DeCember 2021||55,766,323|10,637,659||66,403,882| ||Ittstoric Cos(|||||| ||Historic cost of the properties|are as per below:||||| ||A'I31December2022||30,290,705|5,642,044||| ||705|5642044||| |---|---|---|---|---| |A'I 31 December 2022|30,290,|,,||| |Charity|Freehold|Leasehold|Plant snd|Tetel| ||Inveshnent|Investment|machinery|| ||prcperass|properties||| |||E||| |Cost
At I January 2022
Additions
Revaluation|53,952,441
3,589,500
600,000|437,559|270,688|54,660,688
3,589,500
600,000| |At 31 December 2022|58,141,941|437,559|270,688|58,850,188| |At 1 January 2022
At 31 December 2022|||270,688|270,688
270,688| |Carrying
amount
At 31 December 2022|S8,141,941|437,559|270,688|68,679,500| |At 31 December 2021|53,952,441|437,559||54,390,000| ## ## ## ## ## |Fixed asset|investments|||||| |---|---|---|---|---|---|---| ||||Group|Group|Charity|Charity| ||||2022|2021|2022|2021| |||Notes||8|6|8| |Investments|in subsidiaries|28|||6,165,266|6 165266| |Listed investments|||15,045,504|25,816,248|15,045,504|25,816,248| ||||15,045,504|25,816,248|21,210,770|31,981,514| |Movements
in fixed asset investments|| |---|---| |Gra up|Bonds and
Equities| ||8| |Vsluagon
At1 January 2021
Additions at cost|25,816,248
5,928,725| |Net change
in value
in the year|(2,175,791)| |Capital repayment
and dispose)a|I14,523,678)| |At 31 December 2022|15,045,504| |Carrying amount
At 31 December 2022|15,045,504| |At 31 December 2021|25,816,248| ## ## |||Group|Group|Charity|Charity| |---|---|---|---|---|---| |18|Financial instruments|2022
f.|2021
6|2022
f|2021
f| ||Carrying
amounl offinancial assets||||| ||inslrumenls
measured
at fair value through
loss|profit or
15,045,504|25,816,248|15,045,504 25,816,248|| |19|Debtors|Group
2022|Group
2021|Charity
2622|Charity
2021| ||Amounts
falling due within one year:|6|f.|f|f.| ||Trade debtors
Amounts
due from subsidiary
undcnakings
Other debtors
Prepayments
and accrued income|535,551
2,511,330
665,892|478,948
1,186,380
317,687
518,807
713,483
2,152,912
636,293||404,203
373,483
940,994
293,791| |||3,712,773|1,983,015
4,021,495||2,012,471| ||included
within debtors
ls an amount
duu
f282,936(2021;f187,936)and Concorde
These loans are interest free and with no|lu lhe charitable
company
Sixth (Ulster Terrace No.
set lerms for repayment.|from the subsidiaries
Splcerlte
1) Limited off430,547 (2021.||1 imilud of
6185,546).| |20|Creditors: amounts
falling due within one year
Group
2022||Group
2021|Charity
2022|Charity
2021| |||6|f.|f|| ||Other taxation and social security
Trade creditors
Grant commitments
Qlher creditors
Accruals and deferred income|23
96,807
399,102
2,099,034
392,553
382,897|57,070
75,200
25,836,970
1,824,606
474,333|96,807
394,992
2,099,034
149,006
381,129|54,900
5,730
25836 970
1,695,937
62,354| |||3,370,393|28,268,179|3,120,968|27,655,891| ## ## ## |21|Cmdttors: amounts
fsging d|us a1ter more th|an one year|||| |---|---|---|---|---|---|---| ||||Group|Group|Charity|Charity| ||||2022|2021|2022|2021| ||||E|E|E|E| ||Loans and overdrafls||47,042,557|28,515,226|47,042,557|28,515,226| ||Grant commitments|23|33,793,166|33,862,148|33,793,166|33,862,148| ||||80,835,723|62,377,374|80,835,723|62,377,374| |22|Loans and overdrafts|||||| ||||||2022|2021| ||||||E|E| ||Other loans||||47,042,557|28,515,226| ||Paysbte alter one year||||47,042A87|28,515,226| ## ## ## |23|Grant Commitments|||| |---|---|---|---|---| ||||2022|2021| ||||8|8| ||ARK Schools
Holocausl Educational
Trust||135,000
50,000|315,000
25,000| ||Friends ofisrael|||5,000| ||Cambridge
University
University
ofOxford (Reuben College)
Community
Security Trust
Nancy Reuben
Primary
School
Norwood||259,683
32,703,166
25,000
5Oa,aoo
100,000|337,451
56 134316
25,000
250,000
50,000| ||CW+||1,875,000|2,500,000| ||The Design Museum
Pdncess Grace Hospital
Jewish care
Others|Monaco|150,000
21,186
50,000
3,165|21,186
25,000
1,165| ||Carers Trust||20,000|10,000| ||||35,892,200|59,699,118| ||Compttssd as follows:
Due in less than ane year
Due in mare than ane year||2,099,034
33,793,166|25,836,970
33,862,148| ||||35,892,200|59,699,118| |24|Provisions for liabilities||2022|202'I| ||||5|E| ||Deferred tax liabilities||1,319,822|1,319,822| ||Movements
in provisions'.|||| |||||Total| |||||8| ||At 1 January 2022|||(1,319,822)| ||At 31 December 2022|||(1,319,822)| ## ## ## ## |||General and|Revaluation|Revaluation|Revaluation|Total as at|Total as at| |---|---|---|---|---|---|---|---| |||Designated|||reserve|31.12.2022|31.12.2021| |||fundsf|||||| |Balance at|'i January 2022|(21,945,418)||38,679,405||16,733,987|17,720,337| |Income||4,554,066||||4554,066|4 195472| |Expenditure||(5,333,264)||||(5,333,264)|(9,179,807)| |Revaluagon|in the year;||||||| |Investment|property||||600,000|600,000|| |Quoted investments||||(3,748,388)||(3,748,386)|3,997,985| |Balance at|31 December 2022|(22,724,616)||35,531,019||12,806,403|16,733,987| |Designated|funds||||||| ||||||Movement|in funds|| |||Balance|at|1|Transfers|Resources|Balance at 31| |||January||||expended December 2022|| |||2022
f|||f|f|f| |Cambridge|Liniversity - Postgraduates|267,451||||(7,768)|259,683| |||267,451||||(7,768)|259,683| ## ## ## ## |Subsidiaries|Subsidiaries|||||||| |---|---|---|---|---|---|---|---|---| |The charity holds more||than 20%ofthe||share capital ofthe||following|companies|| |Name of undertaking||and country of|||Nature ofbusiness||Class of|% Held| |incorporation|or residency|||||||| ||||||||shareholding|Direct| |Concorde Sixth|(Ulster|Terrace|England|&Wales|Property|investinent|Ordinary|100| |No 1) Lld
Concorde Sixth|(Ulster|Terrace|England|&Wales|Dormant||Ordinary|100| |No 2) Ltd
Concorde Sixth|Regents
Park||England|&Wales|Dormant||Ordinary|100| |Ltd||||||||| |Spicerite Limited|||England|&Wales|Properly|Investmenl|Ordinary|100| ## ## |Analysis ofnet assets between funds||||| |---|---|---|---|---| |||General|Designated|Total| |||unrestricted|funds|| |||funds||| |Fund balances at 31 December 2022 ars represented|by:|||| |Tangible assets||70,683,149||70,683,149| |Investments||15,045,504||15,045,504| |Current assets/(liabigiies)||8,973,612|259,683|9,233,295| |Long term liabilities||(82,155,545)||(82,155,545)| |||12,546,720|259,663|12,806,403| ## ## ## ## ## ## ## |33|Covtd Donations|Covtd Donations|||| |---|---|---|---|---|---| |||||2022|2021| |||||6|| ||Latet Humanltadan||Aid||960,543| ||Newcastle|City Council|||85,843| ||||||1,046,386|