PARKWILL LIMITED
(LIMrrED BY GUAIL4NTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
Company Number: 2522634
Charity Number: 1096158
COHEN ARNOLD
CHARTERED ACCOUNTANTS
& STATUTORY AUDITOR
LONDON NWI I OPU

PARKWILL LIMITED
INDEX TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Reference and Administrative Details
Trustees, Report
7- 10
Auditor's Report
Consolidated Statement of Financial Activities
12
Consolidated Balance Sheet and Charitable Company Balance Sheet
13
Consolidated Statement of Cash Flows
14-24
Notes to the Financial Statements

PARKWILL LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR EIWED 31 MARCH 2024
Name:
Patkwill Limited
Status..
Incorporated: 16, July 1990
Registered Charity Number: 1096158
Company Registration Number.. 2522634
Prineipal Office;
129 Stamford Hill
London N16 5TW
Registered Offiee..
New Burlington House
1075 Finchl¢y Road
London NWI I OPU
Charity Trustees:
Mr P N Englander (Chairnian)
Mrs E T Englander
Mr A Stern
Mr E Gottesfeld
Secretgry:
Mrs E T Englander
Auditors:
Cohen Arnold
Chartered Accountants
& Statutory Auditor
New Burlington House
1075 Finchley Road
London NWI I OPU
Bankers:
Barclays Bank PIC
Mile End & Bow Branch
240 Whitechapel Road
London El l BS

PARKWILL LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are also directors for the purposes of Company law, have pleasure in presenting their report,
together with the consolidated Financial Statement5 of the Charitable Company and its subsidiarie5 for the year
ended 31 March 2024 which are also prepar¢d io meet the requirements for a Directors, report for Companies Act
purposes.
The financial Statements comply with the Charities Act 201 l. the Companies Act 2006, the Memorandum and
Articles of Association and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and Administrative details of the Company are shown on Page l of the Financial Statements which fornis
part of this report.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng Docupnenl
Parkwill Limited is a Company limited by guarantee governed by its Memorandurn and Articles of Association. It
is registered as a charity with the Charity Commission.
Organlsallon
The Charitable Company is administered by the Trustees. Every Trustee holds office until he/she shall die or shall
cease lo hold office by virtue of the Articles of Association.
The day-to-day affairs of the Charitable Company are administered by the Trustees whose Chairn]an is Mr P N
Englander.
All Trustees give their time voluntarily and no benefit or expenses were paid to them in the year.
Appoinlmenl of Truslees
Where there is a requirement for new Trustees, these would be identified and appointed by the remaining Trustees.
Trusiee Inducllon and Tralning
The Chainnan of the Trustee5 would be responsible for the induction of any new Trustee, which involves awareness
of a TNstee's responsibilities, the governing document. administrative procedures, the history and philosophical
approach of the Charity. A new Trustee would receive copies of the previous year's annual report and accounts with
detailed explanation thereof.
Group Slruclure and Relalionsliips
During the period the Charity received the IOOO/o shareholdings of the following non-charitable operating
subsidiarie5 Grangepoint Limited (Company reg. no. 01338359) and Adagio Estates Limited (Company reg. no.
11229159) from a related Charity, Keren Association Limited.
Com
Adagio Estates Limited
Grangepoint Limited
Com
Re istration Number
11229159
01338359
Percenta
e Shareholdin
loo%
IOOO/y
The subsidiary undertakings are administered by the Directors of those companies.
Relaled Party Tronsaclions
Details of transactions with Related Parties are disclosed in Note 20 to the Financial Statements. The Charitable
Company has taken advantage of the exemption in FRS 102 Section 33 - Related Party Disclosures to dispense with
the requirement to disclose transactions with members of the Parkwill Limited group of Companies.

PARKWILL LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR EIYDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES FOR THE BENEFIT OF THE PUBLIC
The Charities objectives, as defined in ils governing document. are the advancement of religion in accordance with the
orth￿10K Jewish faith, the relief of poverty and such other pU￿oSeS as are reCO￿lSed by English Law as charitable. To
achieve these objects, the Company utilises its income to make grants and donations.
The Trustees confirni their compliance with the duty to have due regard to the public benefit guidance published by
the Charity Commission when reviewing the Charitable Company's aims and objectives and in planning future
activities.
Grani Maklng Policy
The Trustees are approached for donations by a wide variety of ¢haritable institutions operating in the United
Kingdom and abroad. The Trustees consider all requests which they receive and make donations based on the level
of funds available to charities whose purpose fall within the objects of the Charitable Company.
In making grants and donations, the Trustees use their personal knowledge of the relevant institutions, their
representatives, operational efficiency and reputation. The Trustees monitor the application of the grants aT]d
donations by meeting with representatives of the institutions and obtaining inforniation as to the utilisalion of ￿nds.
INVESTMENTS
The movements in Investments are fully reflected in Note 9 to the Financial Statements.
The Group's investment properties are included in the Financial Statements at fair value. The properties are valued
by the Trustees.
The Charitable Company's investments in subsidiary undertakings are included in the Financial Statements at fair
value, based on the value of their underlying assets less liabilities. The valuation of properties and other assets in
these Companies has been carried out by the Trustees.
ACHIEVEMENTS AND PERFORMANCE
During the year the Charitable Company ha5 continued its philanthropic activities and has maintained its support of
organisations engaging in education, advancement of religion and the giving of philanthropic aid. The reserves
remain available to organisations engaging in activities compatible with the aim5 and objective5 of the Charitable
Company. The Trustees expect such demands to increase in ￿tUre years.
The financial results of the Charitsble Company and its Subsidiary Undertakings for the year ended 31 Mar¢h 2024 are
fully refle¢ted in the attached Financial Statements together with the Notes thereon.
Grants and donations in the year totalled £954,940 (2023.. £1,303,330).

PARKWILL LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Financial Position
The financial position of the Charitable Company and its subsidiaries is satisfactory.
The Charitable Company's Consolidated Statement of Financial Activities shows a net surplus of £5,743,552 (2023..
net Deficit of £37,815) and total reserves of £5,714,112 (2023: deficit of £29,440).
Reserves Polic
The Reserves Policy of the Trustees is to maintain unrestricted funds, which are the free reserves of the Charitable
Company, at a level they consider appropriate to the Charitable Company's needs taking into account likely future
requirements. The Charitable Company holds long tern) investments to allow it to generate sufficient income on an
ongoing basis. A proportion of the reserves is held in readily realisable forn] to Cover on-going grant-making
activities and contingencies arising from addttional calls made upon the Charitable Company for the support of
organisations in times of need. The Charitable Company's reserves are represented by unrestricted funds arising
from past operating results. The Trustees are satisfied that the present balance of distributable reserves is sufficient
to support anticipated expenditure.
Princ
al Fundin
Sources
The Charitable Company's principal funding sources in the year were donations received from related companies,
together with donations received frorn subsidiaries.
Inveslnieiit
olic
and ob'ectives
Under the Memorandum and Article5 of Association, the Charitable Company has the power to make any investment
which the Trustees see fit provided any moneys are not immediately required for use in connection with any of its
objects. The Charitable Company's investment policy is to maximi5e its income and gains so that its charitable
objectives are maintained and expanded.
Key Performance Indicators
The Trustees monitor the group's perfomance against the strategic objectives on a regular basis. Perforniance 15
assessed against the strategy and expectations using financial and non-financial indicators. The key fmancial
perfomlance indicators used by the group are as follows..
2024
2023
Grants and donations received
Grants and donations paid
Net investment income
Gains1(Losses) on investments
Net movement in funds- surplu51(deficit)
Total funds
6,597,096
954,940
115,072
1,275,850
1,303,330
5,743,552
5,714,112
(37,815)
(29,440)
The Charity has continued to raise funds and was able to continue its grant funding activities in furtherance of its
charitable objects.
PLANS FOR FUTURE PERIODS
The Trustees plan to continue making distribulions in accordance with their grant-making policy and to ensure that
the ability to generate sufficient income is maintained to achieve that end.

PARKWILL LI1￿￿TED
REPORT OF THI TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Principal Rlsks and Uncertainlies
The Trustees have identified and reviewed the major risks to which the group is exposed, in particular those related
to the operdtions and fmance of the group, and are satisfied that systems are in place to manage those risks.
The principal risks to which the group is exposed are..
The availability of liquid funds to make grants and donations
Liabilities arising from property investment activity
Tenant defaults
Damage to property from flood, fire or l¢rrorist action
The economic Cycle generally
The group seeks to manage or mitigate such risks wherever possible through measures including insurance. lenant
screening and monitoring, rigorous reviews of acquisition and investment opportunities, external expert advice.
monitoring cash and regular monitoring of the economic outlook. It is recognised that systems can only provide
reasonable but not absolute ￿sUrance that major risks have been adequately managed.
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Trustees (who are also the directors of Parkwill Limited for the purposes of Company law) are responsible for
preparing the Trustees, Report and the Financial Statements in accordance with applicable law and United Kingdom
Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial Statements for each financial year which give a trne and fair
view of the stale of affairs of the Charitable Company and the group and of the incoming resources and application
of resources, including the income and expenditure, of the Charilable Group for that period. Under company law
the Trustees must not approve the finaTJcial statements unless they are satisfied that they give a true and fair view or
the slate of affairs of the company and the profit or loss of the company for that period. In preparing these financial
statements. the Trustees are required to-
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material d¢partures
disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charitable Company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable a¢¢uracy at any
time the financial position of the Charitable Company and enable them to ensur¢ that the financial Statements comply
with the Companies Act 2006 and Charity legislation. The Trustees are also responsible for safeguarding the assets
of the Charitable Company and the group and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.

PARKWILL LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF DISCLOSURE TO AUDITORS
In so far as the Trnstees are aware at the time of approving the Trustees, Report:
there is no relevant inforn]ation, being inforniation needed by the auditor in connection with preparing
their report, of which the group's auditor is unaware, and
the trustees, having made enquiries of fellow directors and the group's auditor that they ought to have
individually taken. have each taken all steps that helshe is obliged to take as a director in order to make
themselves awar¢ of any relevant audit infonnation and to establish that the auditor is aware of that
infomation.
AUDITORS
The auditors, Cohen Arnold, are deemed to be re-appointed under Section 487(2) of the Companies Act 2006.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the special provision5 for small Companies under Part 15 of the
Companies Act 2006.
Approved by the Trustees ong.January 2025. includTng in their capacity &s Company Directors.
On behalf of the Board of Trustees,
Mrs E T Englander (Trustee)

PARKWILL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF
PARKWILL LIMITED
FOR THE YEAR ENDED 31 MARCH 2024
OPINION
We have audited the financial statements of Parkwill Limited (the 'parent charitable company,) and its subsidiaries
('the group,) for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activilies,
the Consolidated and Parent Charitable Company Balance Sheets, the Consolidated Cash Flow Statement and the
related notes, including a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102
The Financial Reporting Standard applicable in the UK and Republic of Ireland (Unit¢d Kingdom Generally
Accepted Accounting Practic¢),
In our opinion the financial statements-
give a true and fair view of the slate of the group's and the parent charitable ¢ompany's affairs as at 31
March 2024 and of the group's incoming resources and application of resources, including its income and
expenditure. and of the group's cash flows for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordance wilh International Standards on Auditing (UK) (ISAS (UK)} and applicable
law. Our responsibilities under those standards are further described in the auditorfs responsibilities for the audit of
the financial statements section of our report. We are independent of the group in accordance with the ethical
requirements that are relevant to our audit of the financial slatements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other eihical responsibilities in accordance with these requirements. We believe
that ihe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfornied, we have nol identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the group's or th¢ parent charitabl¢
company's ability to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.

PARKWILL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MBERS AND TRUSTEES OF
PARKWILL LIMrrED (Conrtrtued)
FOR THE YEAR ENDED 31 NL4RCH 2024
OTHER INFORMATION
The other information comprises the inforniation included in the annual report, other than the financial statements
and our auditor's report thereon. The Trustees are responsible for the other infonnation. Our opinion on the fmancial
statements does not cover the other inforn]ation and, except to the extent otherwise explicitly stated in our report,
we do not express any fom of assurance conclusion thereon.
In Connection with our audit of the financtal statements, our responsibility is to read the other inforn]ation and, in
doing so, consider whether the other inforniation is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other infornation. If, based on the work
we have performed. we conclud¢ that there is a material mi55tatement of this other inforniation, we are required to
report that fact.
We have nothing to report in this regard.
OPIIYIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion. based on the work undertaken in the course of the audit:
the infomiation given in the Trustees. Report for the financial year for which the financial statements are
prepared is consistent with the financial statements. and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the group and the parent charitable company and its environment
obtained in the course of the audit, we have not identified material misstatements in the Trustee5' Report.
We have nothing to report in respect of the following matter5 in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have noi been received
from branches not visited by us; or
the parent company financial statements are not in agreement with the accounting records and returns. or
certain disclosures of TnLStees' rernuneration specified by law are not made. or
we have not received all the infornialion and explanations we require for our audit. or
the trustees were not entitled to prepare the financial Statements in accordance with the small companies
regirne and take advantage of the small companies, exemptions in preparing the trustees annual report and
from the requirement to prepare a strategic report.

PARKWILL LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE mEl￿BERs AND TRUSTEES OF
PARKWILL LIMITED (Continuéd)
FOR THE YEAR ENDED 31 MARCH 2024
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees. responsibilities statement, the Trustee5 who are also the Directors of the
parent charitable company for the purposes of company law are responsible for the preparation of the fmancial
statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees
detemiine is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the group's and parent charitable
ompany's ability to continue as a going concern, disclosing, as applicable, matter5 related to going Concern and
using the going concem basis of accounling unless the Trustees either intend to liquidate the group or the parent
charitable company or to ce&5e operations, or have no realistic alternative but to do 50.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free frorn
material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion.
Reasonable assurdnce is a higyh level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error
and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the group
through discussion with the management and identified which were most significant with respect to the
financial statements. We identified Companies Act 2006 (including associated regulations), Charities Act
2011, Charities SORP (FRS 102), Financial Reporting Standard 102, Taxation Laws and Regulations, The
Landlord and Tenant Act and Health & Safety Regulations as being most Significant lo these financial
statements. We communicated these identified frameworks amongst our audit team and remained alert to
any indications of non-compliance throughout the audit. We ensured that the engagement team had
su￿1¢1¢nt competence and Capability to identify or recognise non-con]pliance with laws and regulations.
We discussed with the management the policies and procedures regarding compliance with ihe legal and
regulatory framework.
We assessed the susceptibility of the group'5 financial statements to material m i55tatement due to non-
compliance with legal and regulatory framework, including how fraud might o¢¢ur, by enquiry with the
management during the planning and finalisation Stages of our audit and by using proprietary disclosure
checklists. The susceptibility to such Tnaterial misstatement was detennined to be low.
Based on this understanding, we designed our audit procedure5 to identify non-compliance with the
identified legal and regulatory framework. which were part of our procedures on the related financial
staternent items. Our procedures included reviewing the group's internal controls policies and procedures,
reviewing the minutes of board meetings and correspondence with regulatory bodies including HM
Revenue & Customs. testing transactions outside the nonnal course of the busine55 and journal entries, and
discussions with the management.

PARKWILL LIMITED
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS AND TRUSTEES OF
PARKWILL LIMITED (Comiinuerf)
FOR THE YEAR ENDED 31 MARCH 2024
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS (Cortllnued)
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have ddected some
material misstatements in the financial statements, even though we have properly planned and perfomied our audit
in accordance with auditing standards. For example, the fjjrther removed non-compliance with laws and regulations
(irregularities) is from the events and transactions reflected in the financial stalements. the less likely the inherently
limited procedures required by auditing standards would identify it. In addition. as with any audit, there remained a
higher risk of non-detection of irregularities, as these may involve collusion, forgery. intentional omissions,
misrepresenÉaiions, or the override of Internal controls. We are not responsibl¢ for preventing non-compliance and
cannot be expected to detect non-compliance with all laws and regulations.
A fvrther description of our responsibilities for ihe audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This des¢riplion fomis part of our auditor's
report.
USE OF OUR REPORT
This report is rnade solely to the company's members, as a body. in acrordance with chapter 3 of part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the ¢ornpany's members those
matters we are required to state to them in an auditor's report and for no other purp05¢. To the ￿lIest extent permitted
by law, we do not accept or assume responsibility to anyone other than the company and the Company's mernbers
as a body, for our audit work, for this report, or for the opinions we have formed.
Asher S
emlicht
(Senior Stalutory Auditor)
For and on behalf of
COHEN ARNOLD
Chartered Accountants
& Statutory Auditor
New Burlington House
1075 Finehley Road
London NWI I OPU
Our audit was completed onTrJanuary 2025 and our opinion was expressed at that date.
10

PARKWILL LIMITED
CONSOLIDATED STATEMENT OF FllYANCIAL ACTIvYfIES
li
(n¥cLUDING CONSOLIDATED llYCOME AND EXPEIWITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Funds
2024
2023
Note
Ineome and endowments from:
Donations and legacies
Investments
6,597.096
642,189
1,275.850
Total income
7,239,285
1,275,850
Expenditure on..
Investment management costs
Charitable activities
527,117
968,616
1.313,665
Total expendlture
1,495,733
J,3J3,665
Surplusl(Defieit) on iDve5tment valuations and disp05als
Net ineomel(expenditure) before taxalion
5,743,552
(37,815)
Taxation
Net movement in funds
5,743,552
(37,815)
Reconeiliation of funds
Total funds brought forward
(29,440)
8,375
Total funds carried forward
5,714,l12
(29, 440)
The Statement of Financial Activities includes all gains and losses recognised in the year.
All in¢ome and expenditure derive from continuing activities.
The related notes forni part of these Financial Statements.

PARKWILL LIMITED
Compary No.. 2522634
Charity No.. 1096158
CONSOLIDATED BALANCE SHEET AND CHAIUTABLE COMPANY BALANCE SHEET
AS AT 31 MARCH 2024
Charita ble
Co
Charitable
Com
2023
Grou
2024
Grou
2023
2024
Note
Fixed assets
Investments
18,286,830
5,821,655
Totsl fixed assets
18286,830
5,821,655
Current assets
Debtors
Cash at bank and in hand
io
267.707
363,555
644
34.301
644
Total current Assets
631,262
644
34aOI
644
Current Ll8bllitles
Creditors: Amounts falling due
within one year
(739.718)
(5,084)
(10,900)
{5,084)
Net eurrent assetsl(liabilities)
(108,456)
(4,440)
23,401
(4.440)
Total 8s5ets less eurrent liabilities
18,178,374
(4, 440)
5,845,056
(4,440)
Creditors- Amounts falling due after
more than one year
12
(9,722,983)
(25,000)
(130,944)
(25,000)
Provisions for liabilities
13
(2,741.279)
Net 8ssets attributable to the
parent CharitAble Company
14
5,714,112
(29,440)
5,714,112
(29,440)
The funds of the Charitable
Company:
Unrestricted funds
14
5,714,112
(29, 440)
5,714,112
{29,440)
5,714,112
(29,440)
5,714,112
(29,440)
The Trustees have prepared group Financial Statements in accordance with sertion 399 of the Companies Act 2006
and Section 138 of the Charities Act 201 l. These Financial Statements are prepared in accordance with the special
provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the aT]nual accounts
required by the Companies Act 2006 and are for circulation to the members of the company.
The Financial Statements were approved by the Trustees onTrJanuary 2025 and signed on their behalf by:
MRPN
LANDER (TRUSTEE)
The related notes forni part of these Financial Statements.
12

PARKWILL LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Note
Cash flows from operating activities:
Net eash used in operating activities
16
(2,137)
(36,315)
Cash flows from investing activities:
Interest received
N¢t rental income receiv¢d
801
626,454
Net cash provided by Investing a¢livities
627,255
Cash tlows from financlng activities.,
Interest paid
Repayment of bank borrowings
Incre&sel(Decrease) in other loan creditors
(276.936)
{47,920)
62,649
Net cash provided by/(used in) financing gctlvities
(262,207)
Change in cash and eash equivalents in the year
362,911
(36,315)
Cash and cash equivalents at the beginning of the year
644
36,959
Cash and eash equivalents at the end of the year
16
363,555
644
The related notes forni part of these Financial Statements.
13

PARKWILL LIMITED
NOTES TO THE FllYANCIAL STATEMENTS
FOR THE YEAR EIYDED 31 MARCH 2024
ACCOUNTING POLICIES
Statement of Compliance
The financial siatements have been prepared in compliance with Accounting and Reporting by Charities-
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial RewTrrting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) and the Companies Act 2006.
The Charitable Company meets the definition of a public benefit ¢ntity under FRS 102.
The presentational currency is UK Pound Sierling.
The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows:
Going Concern
There are no material uncertainties about the Charity's ability to continue as a going concern.
Group Flnanclal Statements
These Financial Statements consolidate the results of the Charitable Company and its subsidiaries on a
line-by-line basis. A separate statement of financial activities or income and expenditure account dealing
with the results of the Company only has not been presented in accordance with Section 408 of the
Companies Act 2006.
Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carying amounts of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlyingy assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised if the revision affects only that
period, or in the period of the revision and future periods if the revision affects both current and future
periods.
The valuation of investment properties is inherently subjective, depending on many factors, including the
individual nature of each property, its location and expected future net rental values, market yields and
comparable market transa¢tions. Therefore the valuations are subject to a degree of uncertainty and are
made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult
market or economic conditions.
ncome
All donations are recognised in the Statement of Financial Activities (SOFA) of the Charitable Company
when the charity has unconditional entitlement to the resources. Donations represent voluntary amounts
received during the year.
All other income is recognised on a receivable basis. This includes income from investments and deposits,
rentals from property assets. and grants and donations received by the Charitable Company and Group.
Investment Management Costs
Investment management costs include costs relating to the investment properties on an accrual basis.
Governance Costs
Governance costs include costs of the preparation and audit of financial statements and cost of any legal
advice to Trustees on governance or constitutional matters and is recognised on an accrual basis.
14

PARKWILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (Conilnued)
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short terni highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Liability Reeognition
Creditors are recognised as soon as there is a present obligation committing the entity to pay out resources,
it is probable that a transfer of economic benefits will be required in settlement and the amount can be
measured or estimated reliably.
Fund Accounting
General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account.
They are availabl¢ for use at the discretion of the Trustees in furtherance of the general objectives of the
Charity.
Restricted funds are funds subject to specific restricted conditions imposed by donors. There are no
restricted funds as at the Balance Sheet date. Designated funds are funds, which have been sel-aside al the
discretion ofthe Truslees for specific purposes. There are no designated funds as al the Balance Sheet date.
Investrnents
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value.
Fixed Assets
All fixed assets are initially recorded at cost.
Properties Held for Investment
Properties classified as investments are included in the Balance Sheet at fair value. Any gains or losses
arising from changes in the fair value are recognised in the Statement of Financial Activities.
In accordance with the FRS 102. no depreciation or amortisation is provided in respect of freehold or long-
leasehold investment propertie5.
Acquisitions and Disposals of Propertie$
Acquisitions and Disposals of properties are considered to take place at the date of legal completion and
are included in the Financial Slalements accordingly.
Flnanclal Instrument$
A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual
provlsions of the instrument. Basic financial instrurnents are initially recognised at the transaction price,
unless the arrangement constitutes a financing transaction, where it is recognised at the present value of
Ihe future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments
are subsequently measured at amortised Cost.
Where investments in non-puttable ordinary shares Tncluding investments in subsidiary undertakings Can
be measured reliably. the investment is subsequently measured at fair value with change5 in fair value
recogni5ed in the Statement of Financial Activities. Otherwise such investments are subsequently measured
at cost less impairnient.
For all equity instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impainnent. Other financial assets are either assessed
individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are
recognised in profit or loss immediately. to the extent ihat the reversal does not result in a carrying amount
of the financial a55et that exceeds what the carrying amount would have been had the impairment not
previously been recognised.
15

PARKWILL LIMrrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (Continued)
Taxation
The Charitable Company is not liable to direct taxalion on its income as it falls within the various
exemptions available to registered charities. The subsidiary undertakings are subject to Corporation Tax
but it is expected that their income will be gifted for charitable purposes and therefore no tax liability
should arise.
Notwithstanding the above, deferred lax is recognised in respect of all timing differences present in the
non-charitable subsidiary undertakings. Unrelieved tax losses and other deferred tax assets are recognised
to the extent that it is probable that they will be recovered against the reversal of defetTed tax liabilities or
other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted
or substantively enacted by the reporting date that are expected to apply to the reversal of the timing
difference,
Related Party Transactions
The Charitable Company has taken advantage of the exemption in FRS 102 Section 33 Related Party
Disclosure5 to dispense with the requirement to disclose transactions with members of the Parkwill Limited
group of Companies.
INCOME FROM DONATIONS AND LEGACIES
2024
2023
Unrestricted donations received
6,597,096
1,275,850
No restrictions were attached to any donations received. Unrestricted donations in the current year includes
a gift of shares of the subsidiary undertakings which has been valued at £5,771,096 on the date of the
donation, 6 September 2023.
INVESTMENT INCOME
2024
2023
Rents receivable from investment properties
Interest receivable
641,388
80I
642,189
INVESTMENT MANAGEMENT COSTS
2024
2023
Property outgoings
Interest payable
115.327
411,790
527,I17
l6

PARKWILL LIML ITED
NOTES TO THE FINANCIAL STATEIVIENTS
FOR THE YEAR ENDED 31 MARCH 2024
EXPENDITURE ON CHARITABLE ACTIVITIES
2024
2023
Grant funding activities (Institutional grants)
Support and governance costs (noie 6)
954.940
13,676
1,303,330
10,335
968,616
1.313,665
All grants were paid from unrestricted funds and were institutional grants. An analysts of inslitutional
grants is attached to these financial statements.
All grants were paid were for Education, Furtherance of Jewish Religion and Alleviation of Poverty.
ANALYSIS OF SUPPORT AND GOVERNANCE COSTS
2024
2023
Auditor's remuneration
General expenses
12,840
836
9,540
795
13,676
10,335
STAFF COSTS AND EMOLUMENTS
No salaries or wages have been paid to any employee or Trustee by the Charitable Company or any
subsidiary undertaking. No Trustee expenses have been incurred.
NET MOVEMENT IN FUNDS
Of the Net Movements of Funds of the Group £5,743,552 Surplus (2023: £37.815 Deficit) has been dealt
within the Statement of Financial Activities of the Charitable Company itself.
17

PARKWILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 1￿CH 2024
INVESTMENTS
Investment
Pro
erties
Grou
Total
Fair Value at l April 2023
Additions
18.286,830
18,286,830
Fair Value at 31 March 2024
18.286.830
18286,830
Carrying Amount
Net book value at 31 March 2024
18,286,830
18,286,830
Net book value at l April 2023
Historical Cost at 31 March 2024
18,286,830
18,286,830
hAre
Mr
Charitable Com
an
dertakin
Total
Fair Value at l April 2023
Additions
Revaluations
5,771,096
50,559
5,771,096
50,559
Fair Value at 31 March 2024
5,82 1,655
5,821,655
Histori¢al Cost at 31 March 2024
5,771,096
5,771,096
The assets classified a5 investments are stated at Trustees, valuation at 31 March 2024.
The group's investment properties are valued by the Trustees in consultation with Rtcs qualified
surveyors based on their understanding of property market conditions using a sales valuation
approach, derived from recent comparable transactions and market yields, adjusted by applying
discounts to reflect status of occupation and condition.
The fair value at 31 March 2024 of the Investments in Subsidiary Undertakings and unquoted
Related Companies is based on the underlying value of assets less liabilities of these Companies.
The valuation of properties and other assets in these Companies has been made by the Trustees.
18

PARKWILL LIMrrED
NOTES TO THE FllYANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENTS (Conrfllued)
The Subsidiary Undertakings (all being property investment companies) of the Charitable Company, all of
which are incorporated in Great Britain and registered in England and included in the consolidated financial
statements, are as follows: .
Com
istration
Number
11229159
01338359
Percenta
Shareholdin
Com
an
Adagio Estates Limited
Grangepoint Limited
loo%
A summary of the turnover, expenditure and net profit or loss for the year ended 31 March 2024 of each
subsidiary undertaking is as follows:
Com
Turn
ver Ex
enditure
Other
od'ustments
Donations
aid to
Parent
Charit
Nel retained
rofil or
loss
Adagio Estates Limited
Grangepoint Limited
114,015
527,373
(21,255)
(100,585)
(104.497)
(306,492)
(11,737)
62,296
(58,000)
On 6 September 2023, the Charity received a donation of the IOOO/o shareholdings of Grangepoint Limited
(Company reg. no. 01338359) and Adagio Estates Limited (Company reg. no. 11229159) from a related
Charity, Keren Association Limited. The figures above are the turnover, expenditure and net profit or loss
attributable to this Charity for the period.
The assets, liabilities and fuTJds of each subsidiary undertakings as at 31 March 2024 were as follows-
ital and
Reserves
Com
an
Assets
Llabilities
Adagio Eslates Limited
Grang¢point Limited
3,832,719
18,702,821
(5,698,003)
(12,865,782)
(1.865,284)
5,837,039
At the date the shares were gifted to Parkwill Limited, the assets and liabilities of the subsidiary
undertakings were:
Gran
Limited
Ada
io Estates
Limited
Investment properties
Debtors
Cash at bank
Bank loans
Other creditor5 < l year
Other creditors > l year
Provisions
Net Assets/(Liabilities)
14,486,830
2,025,292
138,301
(6,882,783)
(251,618)
(1,000,000)
(2,741,279)
5,774,743
3,800.000
(84,932)
(5,592,448)
(1,853,547)
19

PARKw￿L LIMITED
NOTES TO TIIE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
io.
DEBTORS
Grou
2024
Charitable Com
2024
an
2023
2023
Rent and service charges
Other debtors and prepayments
146,050
121.657
267,707
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Grou
Charitable Com
2024
an
2024
2023
2023
Current instalrnents of long terni loans
Rent and service charges char¥ed in advance
Other creditors and accruals
125,000
193,419
421,299
5,084
10,900
5,084
739,718
5,084
10,900
5, 084
12.
CREDITORS: AMOUNTS FALLING DUE A￿ER MORE THAN OIYE YEAR
rou
Charitable Com
2024
an
2024
2023
2023
Bank borrowin
Secured bank loan (instalments terniinating in
less than 5 years)
6,834,863
6,834,863
(125,000)
Less: Amounts repayable within l year
6,709,863
Other amounts fallin
due within 5
Amounts due to related companies
Amounts due to subsidiary undertakings
3,013,120
25,000
130,944
25,000
9,722,983
25.000
130.944
25, 000
The bank loans (notes 11 & 12) are secured by legal charges over certain of the Group's properties.
20

PARKWILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR (Conlinmed)
Amounts due to related companies represents £1,882.540 due to Better Properties Lirnited (£364 of which
is owed by the Charitable Cornpany), £1,000,580 due to Rurdlpride Limited (£580 of which is owed by the
Charitable Company), £25.000 owed to Rimex Investments Limited and £105,000 due to Keren
Association Limited (both of which are owed by the Charitable Company). Certain Trustees of the
Charitable Company are also Directors of these related companies. No interest wa5 paid by the Charitable
Company to Better Properties Limited, although certain subsidiary undertakings paid interest at 2.50/0
above the Bank of England Base Rate,
These amounts due to related compani¢s are loans with no written contracts and no fixed repayment dates.
FRS 102 requires such amounts to be disclosed as falling due within one year. In the opinion of the
Director5. these loans are unlikely to be demanded within one year of the balance sheet dale and such a
disc105ure would be rni51eading. The Dir¢ctors have concluded that a d¢parture from FRS 102 is necessary
in order to give a true and fair view. Accordingly. these loans are disclosed as falling due after more than
one year.
13.
PROVISIONS FOR LIABILITIES
2024
2023
Balance at l April 2023
Acquisition of subsidiarie5
2,741,279
Balance 31 March 2024
2,741,279
Deferred tax is recognised in respect of timing differences arising from the revaluation of assets classified
as investments in the non-charitable subsidiary undertakings. Although the provision has been in
recognised in accordance with FRS 102, it is expected that the majority of the gains will be gifted for
charitable purposes and such tsx should not become payable,
Deferred tax has not been recognised in respect of revaluation of investments by the parent Charitable
Company on the basis that all such gains will be applied for charitable purposes.
Of the movernent for the year above, £2,741279 relates to the gift of shares of Grangepoint Limited to
Parkwill Limited (Note 9), which is the potential liability assumed by the group on receiving the shares of
the potential gains on future sales of investment properties.
21

PARXWILL LIMrrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14.
UNRESTRICTED FUNDS
Grou
Balance at l April 2023
(29,440)
Net income for the year
5,743,552
Balance at 31 March 2024
5,714,112
Charitable Com
Balance at l April 2023
(29,440)
Net income for the year
5,692,993
Surplu5 on investments
50,559
Balance at 31 March 2024
5,714,112
15.
FINANCIAL INSTRUMENTS
rou
Charitable Com
2024
an
2024
2023
2023
Flnancial assets measured aifalr value
Ilirougli ineome and ￿PendItUre..
Unlisted investment5 (Note 9)
5,821,655
Flnancldl assels measured al amortlsed cosl..
Debtors (Note l O)
267,707
Flnanclal Ilabililies measured al amortised
cosl..
Creditor5 (Notes 11 & 12)
10,462,701
30,084
141,844
30,084

PARKWILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16.
NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
Reconciliation of net income to net eash flow from o
eratin
aettvities
2024
2023
Net income/(expenditure) for the year
5,743,552
(57.815)
Adjustments for:
Interest receivable
Net rental income receivable
Non-cash grants
Interest payable
(Incr¢ase)/Decrease in debtors
Increasel(Decrease) in creditors
(801)
(526,061)
(5,632,795)
411,790
(33,990)
36,168
1,500
(2,137)
(36,315)
Tax paid
Net Cydsh used In operating activltles
{2,137)
{36.315)
Anal si$ of cash and eash ¢
uivalents
2024
2023
Cash bank and in hand
363,555
644
Total cash and cash equivalenls
363,555
644
17.
ANALYSIS OF CHANGES IN NET DEBT
Acquisition
Atl Apr
2023
At31 Mar
2024
Cash flows
subsidiaries
Cash at bank and in hand
644
224.610
138,301
363J55
644
224,610
138,301
363,555
Bank loans falling due within one year
Bank loans falling due after more than one
year
Other ¢reditor5
(125.000)
{125.000)
47,920 (6,757.783) (6,709.863)
(62.649) (2,925,471) (3,013,120)
(25,000)
Total
(24,356)
209,881
(9,669,953) (9,484,428)
23

PARKWILL LIMITED
NOTES TO THE FllYANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IWCH 2024
18.
RELATED PAR TY TRANSACTIONS
Donations totalling £58 I,000 were received from companies connected with the Trustees. Certain Trustees
of the Charitable Company are also Directors of those related companies.
Donations totalling £6,008,096 were received from Keren Association Limited, which includes a gift of
shares with value of £5,771,096 at the date of donation. A Trustee of this Charitable Company is also a
Director of Keren Association Limited.
Donations totalling £8,000 were received from individuals connected with the Trustee5.
No conditions were attached to any of the donations.
Additional Related Party inforniation is given in Notes 9 & 12.
19.
GENERAL INFORMATION
The Charitable Company ts incorporated in England and is limited by guarantee. The address of its
principal place of business is shown at page
24

PARKWILL LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricled Funds
2024
Income and endowments from:
Donations and legacies
6,655,096
Total income
6,655,096
Expenditure on:
Charitable activities
962,103
Tolal expenditure
962,103
Surplus on investment valuations and disposals
50,559
Net movement in funds
5,743,552
Reeonciliation of funds
Toial funds brought forward
(29,440)
Total funds earrled forward
5,714,112
The siatement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.

PARKWILL LIMITED
ANALYSIS OF GRANTS
FOR THE YEAR ENDED 31 MARCH 2024
Recipients of Institutional Grants
Achiezer
Bels Aharon Trust Limited
Chasdei Aharon Limited
Chasdei Sholom Trust
College for Higher Rabbinical Studies
Congregation Sharei Sholom Tchabe Limited
Du5hinsky Trust
Ezer Viznitz Foundation
Friends of Bels Chinu¢h Lebonos
Friends of Mercaz Hatorah Belz Macnivka
Friends of Bels Soroh Schneirer
Bais Limmud Vochessed
Kolel Shomrei Hachomos
Mifal Hachesed Vehatzedokoh
sows
Tarim Karno
Start Upright
Tchabe Kollel Limited
Other grants (below £ l 0,000)
52,440
17,000
65,200
93,000
71,000
108,500
12,000
42.550
25,000
104,050
i 0.000
i 0,000
11,800
25,000
10,000
40,000
132,000
86,500
38,900
£954,940