OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

Cliorlty regi$kn'&lloN Nuinber,, 112È9J3 Cliabad Lubavitch iiiiuAI ArpD￿alld￿IUJ1iOIRl SinlptnFiIIÉ for Ilie Year EiidEd 31 [kre￿iL￿r20I3

ChRbnd Lubi6 vllcli Cunteiits {coDtliJiicd) R¢Fer¢nrBond Mniln151milv6 DelaiIJ 2(p3 SlatcineiiloE'fruslecg IlcsprKislbllilies Ind$p¢iidei)i Exoiiilwts Rey)rt sI*￿m¢￿t01￿l￿#￿￿l0I A£liYttie5 laSaN¢¢ She¢l 8t0 12 De(alledSth(eiM¢M ofJfinDiiciDIAffjivil￿s

Chwbhil Liibnyktcli Re[el￿nCe AdmliilsfJ'R*lvc J>¢tRTIs Clilli.IlyRcglkii'htioii Nunibey 1128933 Fi'lTholpxl offict 3 The Flis Iloi¥don Ali{kn¢liu￿IvAt4 2TN Shacl¢i'Coli¢ii & Bor MI 31X PDge I

Cli&bAd LubAYlttli Ti'usfoaT' Rtyoj't t￿lill&le85 pres¢ntih¢ Pith￿81 ￿pOrEto8Ctt￿t ￿1￿ fin8noitslsiatuttieD150f Ilie ohttrliy ftsiihè y¢a¥end¢d31 De¢C￿￿£r2023. SliiiotUl'Eb%OYQI'IIAnCCRJtrd InHn•geibGnt Ilie governiiig dO¢i1￿1￿1￿0r1Iie fiiarity is sls iiidAriklcs Df Associailon inrorwFBkd Ort 8 pipril ?(IOS, as ￿￿endEd by T1￿516￿ nirKI FrguI￿[1Y 10 dÈ¢ldo on g¢tteiMI dirEet5oni 8o&Is 4nd wlioies orihe cliority and wiy oihr $pe¢ifJ¢ Day to dlly dtnini%lialloii 1$ ¢4￿1¢￿ by &ii odiiiini5frator %Yho Yeports lo th¢ Iritsiees, 'IIIE gav¢rnlng document of lh¢ Chatity 1$ Ils MciTriDroTrdilirt8nd AiiclesofAssDUiRllon.'I'brCJ14ifi5T¢gppnsiblE rorin$kliig￿ISIIn#sN117¢IY1t￿¥le0SalYar¢Orth￿1r￿sF0IIs¥b1j1IIcy ￿l￿￿'e.11&rIlyLThIv ond Rn?nglnE $ppropilate &iKiu¢iitsn RiidtrRIHln Rfsk rh4hRgEni¢iil Ih¢ BoaidofTLW51ceshai'i¢onsidttttd IheillhJorri¥kB lfj wthlch Ilic Charity i5EXPDsed, tHYEr¥vioiiY¢J Ili(15e risksoiid lioY¢osiabl¢shad sythIDs oiid proc¢dutGs lo iiTrzilBgQ rlgk3. Objgeis ftijrfdij TIIE oh41-ity foisn8lly ¥xls184ceordingloils niEtRoNi￿lI1ITr fvrilie &dv&n¢eineiiiofed￿￿0II[th,]h￿ r¢li8fofpoverty, si¢knes50rhpidJiip ￿1￿ oilE¢r diArityblo pvrp05es for Ihts bncfil of disTrdYaiTrtoged. undeiprNlle8oil aiid dlsabled coilliiiiittiiles ￿1￿11&r[lY iii QrealBr m&irl￿ster?￿¢q, by the provlsloD ofthcilities, c￿£￿t￿n, IrRliiiiiÈ adwicy, Bdvicc Socilll ¥iYirL￿, P¥bll¢beii¢fli Th¢ purpDs¢oftlio¢harity is IikbenefiidiildrekJyOUn8pe0ptcqi￿O1d peDiileand f4iiilll¢s Iiillie a￿￿&(0Ve[£d by t￿¢14r￿ty,$X¢IIyi1IB Tli¢ liu%t¢¢$cotsOini tlial Iky118ve coJiipli¢(I Ivilli iLqlurcn￿ll1￿ ofscBlioii l? of Il Chorilie8Ac1201I to haya due Te8nrd io tha pybll¢ bEnEfjtPLiida￿¢ publislied by I1￿ Charity ConirnTs51oTr for EIiBliiid Jn(I IV8les. Tht Cli8rily Rlies oil vol1iii￿r$ ￿ suppDrl 118 progr4mni¢s and 4cilvllics. Oyer Ilx pA5t y¢￿. a)abid Uibavilclj liHs ￿ed 180 voliiniceTs iyjio hay4 delivered oyer J,400 lioiirs of511pporl, iyiihoul ivhl¢h ivoiild btt ul1&b￿ lo out (lie full ranBC of our l¢lilovemoJils OEI'fprfftiiiir¢ WÈliav¢ Able iii th? po$1 yÈ#iits lnxliilaiiiourpTorfsionoiira¢tlYiila%$rtdw￿1ylt17 di5adv4nlD8ed, I11￿84)rIVÉ]eged Andd15abled peopl¢ of411 eges Qftos$ GttoterMniicbe51er. Forlh¢yeareitded 31 D¢c¢mbBr2023 Ilia or8allisAtioTh h&d g¥o&% inca￿• tol8llliig£363,992. Thlshas enabled lheCl￿rJty to coiilinue its nclivilies In All I￿#$ In¢liidin¥ ¢dii¢aiioiK eldtrly slid social c8re pio¥ifiiiiiMcs and and siiyport piogrDininES. Ihiring Ihe y¢8r IITe ClIArlty IiRd fy $iiTr1113 of liicome ov¢r Bxpoiidiiwu tol&llins £1.8?7 ¥e¥iiliiiFg in b fwids defi¢ii lli IS￿ eiid of 2023 &moiiiilins tts£J.157. Po8e 2

CIIRbail Lul)AvllL,II 'rJ'ustoes Repoi'l {¢oiillMiieil) Ptrlicy Dji rE5orves -lTha Iru$ieeshftYt ivvl¢Ad iescrYc5 policy And, in accordanc¢ iyiih Clillrlty CoMIAllsslonB￿1d¢I1n¢￿, hove ¢oiTrsldered Ilw l¢v¢l of oharilablt ubJ¢¢iiv¢s In tshoil ierni iii Ilittevenlof ll leinNrllry shortfftll in un￿¥1￿1Cled Inco1￿¢. Yli¢ ItNst¢¢s f¢el it UPP2upriote ID ivorkiTr build lip IF5ei?¢s lo liold 5LltriciEJiI frEe locovercore Trxpciiditli￿ reiwil￿d lo mrflnthln uGlivitles fov six IboMIII& Pl&n$ roy lu1￿1￿ PEiiod$ I'hechirliy pl8115 to ¢DiiIIMie niidexpRiid its woi'k in oll airDs. Covld SOJJI Ilw charfty nriy Hnd Exciling oteus, espB¢i4lly In Il sui)poiiofiÈtsli¢d pwpl¢. Wc intend to￿7￿￿￿£1¥1117 morc peoplc froni 811 ivBlks ofiifrè, f￿￿111¥￿Ill types ofseyvltes atta suppDrt Iliry bTrlliiv0￿I 74 nd Also duelo the IBnibl¢£lialten£inE economicc￿lI1￿Ie. Ic&5tof Ilyittg CT5xl%l iY¢AYe ftppr¢hdi¥d by orc Aiid Iiiore PEnpIE iYhD ftre oiil of¥YoEk, Iinabls ID nfford ￿nt Djid getting inio diffjciiliies iylili Ihuii hou51ftg Airwi8ell?¢1115 01 debi, We ivjll ioiilinue lo th¥cs5 all Ilie I85l￿S bcf811iiig a r￿li11y. ￿l￿Nyt pride ￿lse1V¢s￿lI notpvsslllg funiiliEs roiiiid tlie syslp.m, bui keeplnglheill ￿li ￿1￿lIX￿lIA lln¢l providingA peYwn4llsul ?pproa¢li, i¥hlo111$ SI￿￿y11 lo Iiaveli￿il￿ve resiilis for5011￿ of OrBat¢rMallche51er's mosl di5&dvwilllged f4111ili£s Bnd indlyidiillls. Wo w511 Elirthtr Invcstln fv11th151iig lo ¢n￿ble us 10 ¢Xiciid •xl&i1ng6¢￿lCCS ID IiblB to RKetllj0aBtll￿1￿eed the Rround lls I￿1￿ 2$ pilot ttmv p￿Ve1)in1¢ye proJe¢is to meoi Uiis i￿e(l. Ti'iislttl R￿d tsffiet The IiuÈi¢ts owivcrs servi118diirinB die slti¢c trja yowond folkiiys.. TrnÈiecs.' Mrs. EL Mllik& Rabbi D.Jiffe M13R. su￿￿5¥￿￿ Pag¢ 3

ClinbTrd LubAvltch Sliiteinnl of TJ'u5t¢e5' Re$pon$ibiIlttQS TIIB Irust¢os &reTespofi$lblo for prCp8ru￿thct1ll1IIcc8 repoilfili(E Ilie ￿j￿lIcIal sialeing111% Iii nccordJiice ivilli 151¢ Ilnikd Kil￿￿k)n} ounilrgsiwidfjrds (Uniied Kiugdorti Oenernlly Ac¢egte(l Aecoiinilng Pro¢tl¢4) oild applScable IoivDnd IEgulnlloii& Tlic laiv&ppli¢abk lo ¢lierlilsB r¢qulres Ilietriislees to pRpaTrfiiiwiidnl sitsFenietyi& foi'e4clI linDn¢iol yellrwliicli gtve atriie qad r4ir vlciyof th¢ slHl¢ offttraiis orihecharity ￿lid of th¢ i￿rO1￿111grEtsOUt￿¢$ 81￿ appllogl%onof reSDllYces of th£ clinrity for Ihut v¢i'lod. ltt preP9ring Ilicse fiiiBneilll st&tel￿nIs. Irusl¢&s ar¢ reouiTed io.. sclocl s11ilRblc BfGDU5Llliigpollcics ihttn ttppty corsi$l¢nlly obsdryo t1￿ nKihods thid prlnclpJ¢8 Inl1￿ ChHYiiles SO￿￿., fike Jiidk¢nwittgund ¢slliiiatr$llillior¢ rcasonabla&nd pnidElII' 5101£ ii.hcihcrupplicRblu ¥¢41￿8rd$ IDiYe b¢¢A folloiY¢d.siibi¢cl Ip mlltcrinl dupllthrtsdischsed &Rd oxplain¢d in the filu￿Olal $lateni¢nii &nd prepll￿ Iho finDiioi&l stthiiBDlsoiJ thE goins Eofi¢oriJ basis iiiile55 il i& inapprupriHlelo wesuinBlhntthe chArlty i¥lll eoniS111 li b￿S$1￿S$. The In15teEs Drtrnsptsnsible forkeepiiigpiD￿r￿￿0t1l1I1l18 i¢oNls Ilil tlls¢lo$eivilli re￿O￿able RCCUrnCy Rl nnytl1￿e th? ￿￿￿¢1￿1 posilioii of thecliBrily 8ndeiiablK IIIEin lo ensure I1￿1 filltrt¢iol slÈiomcn18 coiiiply iyith tho Cliuliti￿ Act 2011, th¢ Clwrlti¢s IAcL'oiiiils &nd Rowrtsl Rexuloiloi¥ 2008, Ilje pmvlslotis oftli¢ Coi￿111￿110Th. Th¢ IriistE¢sar¢ rttponslbl¢ for sttf¢ÈiiordliiKlbt ttssttsoFthc tlikrily aiid IKnce for lakiDE TeilSi1Tr4blr sEcps fDI' IhcprcVBnliDn aAd dclectlon offrnud Dhd odier ittegulA¥ilies. The Irusleos li re [￿s￿On5ibl¢ for Ihc I￿￿1￿10￿811¢fj inl¢grlty of th¢ corpDEllteand fina￿￿1￿1 lTrfotmaiion Iiicluthd oil th¢clinrilnbl¢ coiijplliiy£ l￿bS11¢. Leglsltsdtsn gov¢rnl¢ig dl¢ ptepgretioii lliid (lisseiniiiolion of financial ￿￿1¢￿￿￿(￿ niay dSrrDr fi￿lI k8i¥Illl￿JL in Appro by f I]￿ di￿lty 011 ioth SrylCib￿.2o24 4nd 518Ded Dll Its belmlf by., RelA>l Trfafl* IUw51co Pttge 4

Cjirtbgd Liib•yÈl¢h lji(JCi)2n￿¢l1< J)Ixiimliieii?s Report to tlio ti'ustQQ5 Of ClJnbHd LTibRVltch I rop)rtDlI IIIB llccomijls of the¢l￿ritY foTihEycareiided 31 Ik(xnibEI'2023 iyhitli tyrc Setoul oil i)llges 7 lu IJ. 'riioli'iTrstee¥ ore¥o3pDJ151bl& for the i>¥aplli'41i(i ofilto aLeoyiil& Tlie cotisithr ￿l￿rA￿ llTrtdil is iiot ￿qUIr¢d for tliis year ITnder se¢lioii 144121 of Ilie ChariHes Act 201L Iihe 2DI l A¢il And ihni 4n IIiEkp¢ndsiil exaDli￿lioI7 i$ IKcded. Tlie ch&rity'3 8ross cee(ted £250,DOO RTrd l qualifled 10 iuid¢fithke11)¢exan>liwlion by b¢lng a oiialified nidnib¢i' ofThe l)Isliliite ofCli&ifBrcd Acrtoiinutnts Et]g1811d IVal¢8. Il is i￿Y respoth$lb11ity tfr,, exDIDIMB the ￿¢0￿1)IS iind¢r$e¢il￿l 145 oftlle 201 l Act. ID falloiy IhD Prt￿c￿￿￿S IAid ilo¥Yii ITh Ihe EeneMIDlre¢ii0ttsEiven by Ili¢ Chorjiy Coiiinilsslon viid¢r 5cciioiJ 14515Xb) of Ilw 2011 Aei. aiid ID Sta(e véh2thorplliti￿lR1 ThattEts havr ¢DMic to my otl¢nllThi. Sis of 1iidepeTh(teil¢tYd￿1kM￿I s ipoi Myexllikiiiiioniva$eivi'ieAoul in 8ceordaTiceividJ IhEgeneIlllDlITL'IIDThsglvcnby Ihc Cliltlty Coininl$ikn, An•x4mlnoiioii hi¢liid8S revbwofllie JccoiiTrling rccorls kepi by Ilic ¢hi'ityAiid aco1)Ipfyrl￿n ofihe 8ccoiiIEly pr8sented ivllh 1110se iccords. 11 liicSudE5 illglloys. Tlic procedures vndErittkendo noi provide all Ili¢ evId¢ii￿ Ibal woiild be ￿41]ired in ￿ RiHiil and cnn34uenily no DPlnlQll l¥ glv¢ii &&itswh￿l*rth¥at¢Dtlntspr¢S¢D1a.il4￿Illd f4irvieiv' lliidlhe IEport is liAiitedto th1>5c MatIErs￿t0iltl￿IknIt￿tslOkn1rntr. 11) Ivhiob 8ivE&iK r¢E￿>nabl￿¢XL11fj ID b¢li¢v¢ 11191 Iii any niaterigl ￿spe¢l t1￿ ftoulren￿1l￿', lo kLYP llcL'tsui1lthgrec￿￿5 inaccDrdfiThc¢ iyilh secilon 386ofib¢ Coinpaiil¢8A¢l?.iK16: luid to piEpllYa BccorAiisiYlil¢li ￿tOld ¥vlth Ilw 8Ètvuiilittg rtttsrd$, ¢Oiiiply ivilli IIK aCCOiililllig [c4￿l￿¢￿¢￿I50r5(CIii>n 39& ofilic fnmP&iiies Aci 2D06 nttdwilh Ilie n￿￿10d5￿lld principlesofiii£ SlotemeBlof REcoiniii¢nd¢d Piaotl¢&'. A¢¢oiinlliJs aiid RttporiliiÈ by CIMriil£$ IiJv¢ beorl IKOI.. oi. 12) 10 %vhlvli. lil niy opliiloii.fill¢]ittoJi ShO￿ld be Or4wn in ord¢r lo emble & pr(v¢rjnd¢￿￿d1nBoflli8 &C¢o￿nI￿ 10 I￿ re¥hed. Slih¢ki'Colieii & AorCh•rtucd AccovniaThls 31 qo¢kvSllt St. nchc51cr MI 3LZ D4le.' IQ Septonib8r2Q2¢1 PRge 5

L"IIAlJAd Lubrtvllclk StRternciit af li jnAiicial AEtiYilics foi. the l'ear 31 D£eeiiiboi'2023 Toto12013 IiitgiliD n)Hl EiidOiY￿iEllts fi*m.' DtsrtattOr￿ and legacies Q)IheT INC￿ME N¢1¢ 363,978 14 363,978 363,992 363.992 1362,115) Tuthl exy¢Jidllu 62.115) 362,115 Nerlncomo 1.877 1,877 NerinoveillBJIt ID tlillds Rttort¢lllnilon rbffuJOs I.￿? 1,877 Ttri41 ththdsbrotsohl faiiYA¥d TolAI Funds coirkd forw8rd 13,J57) ie rtoitts Dn 810 12 fonii all iiikgrol p8ttof Ili¢se fbiThnolthl si&teni&its. FrtgE 6

Cl?￿bAd LiilTrnYl(cli (llegl$liMll¥n )Eiinibei': 11289.33) Jl•l8n¢e Sheet ffs fi13[ J)¢temb¢i' 21UJ 2023 2022 Cui'YETrI nsscts C8sli Rl bRllk amd iii liw 1.947 2.Q78 Re51Jleled I￿¢0￿1< fiiThdg Resttieted fvi￿s 5,000 UDrc5triclEd ￿lid¥ Jits 8 Itk IZ Ivere 8pprtsYed by t1￿ Iru8l¢t& &iiiI￿rIsed foi'lssuèon I￿gOp{￿n150r 2)24 0)d Fby., sigDed 01 Rubbl Tiu riiE Roles Dii P￿85 8 ID 12 foi'lli inlogrttl pRrtof Ils¢ Niiii iKiiI %iÈiemethts. P8gE 7

Cliib4d LiibRYlttli No¢¢5 to tlie Ifii)fiJieiRI StnteJTLCiits foi, the YLYrEiided 31 Dcccllibe]'2023 SiTrl¢inc#t Df eV￿lpI￿ne9 'rhe fiDwicllll slpleDIEii15 hRvB beEii prEiiKreO IM &r¢ordoii¢o iyilh the 52¢0nd edlllon ofilw Chadiie$ 511118MtIl of Recoinmellded Practice i$siiÈd iiiortober2019, IliD fiiiRnvlpl ftworiiitgSianitsid$pplicablgin Ihts UnllodKimgdoi)i and Ropublicoflrollli￿l{FRs 1021 llnd th8 Chfji'ilitsgA¢1201 K$8s1s of y).ÈpnvAlion ClittbLd Liibuvitcb iitlS dcfii)itIDn of & piibli¢ brnttfil tsAlity ulld¥r TrIIS' 102.-1l¢ uLvoiinig Irinun4iel yl#l¢iiiYiiis) bwii pre￿red iiiider the lil%lTrric81 tosl convenllon wlih ii¢m$ Te¢ogoised at ¢osi tr tra115R¢lioii valu£ lliiless olh¢rwis¢ St￿¢d Iii 11 telcYRiII nofrlsl to trh¢se accoun Gtrlii¢ ¢oncoi ]ie I[￿￿le￿ coii&idti'ibRiilitm ar¢ ￿ i)1ot¢rlolun¢orlfiliiiIB5￿b￿til1C clinrity's ublllty tD ronllnltc 8Dln%concttnL Ineomo nii(l eniloiYnib'llt5 VrJluiit#ry iTr¢oine iiioluding don4itOn4 glfts, ￿li101¢S￿l 8Mil8lli#tNovid¢corc ￿ndIng oi ar¢uf4 #¢1￿11 iw1￿r¢ is r¢Cl>￿iSe4l Alien Ihe charlty li￿ enliilomentlD iiicoin4 it 15 probabk Ilitstth¢ Incom¢ Ivlll b¢ ￿￿1¥¢d $nd Iho amount ca￿ be measiired wllli 3￿fIl¢1￿￿￿rel1Ibl1Ity. DoiifillortsfiiiHIEgfteJes Doii&llonsEind l¢Èi¢i¢s are r¢cogkised IEÈtivsble bi￿1¥ %vlitJi reeeipi Èywbublt Ilie #t]￿ul11 ciiii be reliablynieosured. xib¢ndilUIY Allexpundittsrc is fcctrgntsttd￿lcts Ihciylill loglllurconslriicilyq obliBftlion lot11￿trexpCIldIt￿Ye, It13p]￿bllbIe 8ettlcM¢ntisrcquiLEd and Iliefiniounl be ni¢o%iiKd rcliabty. All¢r>sls ar6Kllo¢$t¢d lo 1110 81)pll¢ablo¢xiKndlliitt he8d41￿ Iliai aBÈrcB8to siiMll8rcosts Ilini eAle801>,. Wlrc costs ¢￿nn￿l be ditErAly atlvib¥led to P21'licylar l￿dI￿85 Ihcy Iillve bEe￿ olloollted oil coiisistcul iyilli Ilic iTrse aFreEoiirtt& ivilh cetilrlll slEff olbrDlel ojb (lie basis of litnc spGJil, ￿ld dL'preriulioii ¢liatg¢s alto£atd OTI lh¢ poi1ion ofihB o>sct's iise. OlbÈ¢ ￿1PpOrt¢¢￿1s are allo¢dlÈ(I basedott th8 spr¢id of costs. Ckai'ilable expekid1l￿re eoinprlses Ilknsc cos18 Iiiciintd by Ilie LI￿rItY In Ilic delivery of 115 th¢livlties in6 selv1c￿ 11$ bon&ficioY¢88. It illcludes iNJlh CDsls Iliat ERn b64110c￿Ied diiruily lo such acti￿11¢￿￿1￿rf those co51s oran indiTect n4ttire nECD5SRry 10 sup￿lt t1￿￿. Pag¢ 8

C'linbRd LubAvllcli No(t.% to tlie f4infinclRI StRt¢ineut5 fD Ilhe YonR'IGndcd 31 Decetribti, 2013 (cutiliiitie(lJ Tikjllon dEfiThili(kAof a 0119st￿b]ccDrn￿nX forUK CDiporoltQll Inx puiwses, A￿Y)rd{l￿IY. t4￿ ¢lÈrity is IK>i¢iiilully exeillpi from i?xaiion Iii respeot oflii¢oiie or ¢upltol galnsr¢¢elv¢<l 1%4lliiii ¢ovsr¢d by CIIRplcr 3 Pili1 1 l of the Corpornlit)JiT&x Acl2010 DI. S¢¢lion 256 ¥fiiit T&xallo]T ofch4rg¢tsbl¢ Gfiliis A¢1 1992,10 Ilie ¢xltiil Iliol %1sdi InfD￿le Dr guillg ttpplitdextlu8ivoly lo ehw'l1ab￿ pisrp05¢5. C45h e4iilvnlenl C￿h and ¢aSlieqiilv&leiiis¢oniisdie¢A￿1 ort hllttd Bndeblldepo21tg, dnd0ibÈi'sliort-t￿71lhlslIIY Ilqisld iiiv¢sliiitnl$ Ilialair readlly conveitible loa knoivn &mounl Df r&311 llFe wbiEcI lo Rll1i1siBii¥fi¢anl risk ofchfinge In v811. UniEslricled ioconic lknd8llr¢8&rtgtal fwi)d$ Ilhai aYallttbl¢ fth'ug¢ Al thr INstees dlEBrelioR ln fiu#lieroh¢¥ Dl'llie obJetrllvegoE R651ricted in¢on fiiiidsAre 11105c for IrtA PRrti¢ula* OK for$pM'lflc purpD5c3, khBU￿ of whldi is K¢ÈtYloted ID IhRI a¥e&oL piirpos¢. Clff53fl IcThlloJl F(naNclal a5￿ts fiiMNcinl liabilitlESate r¢rDgnisEd IhE chDlty bE¢oinosa pfyrty 10 Ilie Con￿¢1011 provlslonsofthe 1115tninient. 17b￿A￿l￿1 liabiliile5 und cqiiliy litstriinientsare BlasslfiEd &¢CDrdlTrs 1¢ the SMbslDrtCE oftlK oontrRIttFThl Hrr4TrgEm¢ll(se¢il¢itd titto. An ffjiilty i118irunieri Isnny¢ollirhcl Iliai¢vld¥n¢eso resIdU￿ inlei'ts51 In llwfj￿IS ofilK ¢liArlty aft¢rd¢duolliy4 ollof its I1￿111¢1¢3. PdEè 9

Clkftbnd Lubavltcli N?tt5 to th¢ Fln8n¢lg1 StatemeDt& foi. tlieYeni'14ndod 31 DecollJbDI' 2023 IcontiJLued) RecogiiiilDKuNidiIicu￿lrE1I1C1il price excludiiig Irgns¢cllon ¢ostBI, upkss IhE pr￿118e￿IEIlt contliUite% ll flnniicli¥ 118nSQOtloii. IE tyr¢ Arrtsttgeiheni toMsllknit8s rinani'inglrnii¥oclioTr, IIIE finRnCIBI w¢lorfiMnll¢iEI liability 1$ Iii¢wr¢d 81 Ilitt prtss¢iii ￿l￿00fth0 fiituv£ wyfiieiiisdiscouiiied Dt

rnatk81 mt¢ ofinieresi fDfA Siiiillhr ¢febt in￿11]ment.

FiiillnclHI os5ets IKfibllils¢s Arc oiily Difscl ITr Ihr statcrnene or riii&iciAI pTr5I11vii wIIci4 uiid o]Ily ivhc]i I￿￿ t￿$13 a Icgtslly EiiforceRble rigkntfo setolfiliE KEcogiil.%ed Jitsouii15 and ehRrity IiilEiidy eilhe¥ seltle oil RJl£t buis, 01.lo iEBlls¢ the asselgiid FlryaciNlassels aT8 derneogrtistd wlitjiaiid aiily IVI￿￿ al Iliecontracttial rlElils lo Ihe cosli IT￿Y8 financial nssel ￿PIre or Illed, b) IIK blRtily 1TrTrThsf¢rs lo nnolhcrporty ￿16St￿nti￿llY oll Df Ihc iisk3 ond oPDiNoictshipof ilio fin&ttclÈl asstt, tsr aSSCl lo Anotliorpoity. FiiLttn¢lAI Ilabllliits arn d¢rtcogTh18tdonly iyliL'n theobligolionsyecified illilie coiiltsLi 13 ￿$¢I1&￿ed. ert￿¢elIedotr?xpi¥¢$. [iivcs1Th1￿l1S InJLQn-¢QQV¢Tilblepieference SI￿re￿and nttn'piittabtoordlnèiyorpr&fti￿lleo 8li&res (wlierbsh￿￿S nmpubllclytrnded ortlicir fkir volue i¥ roli&bty 1iie8siirabkl ate mellslircd Èi ra7r vAliie Ihiuugh PTDfit or fob$. IVh¢re fiiir VGliitt ¢i¢iiwi b¢ Tiir8$iired iallab5y. lrtvestsmnls nle&Sitred Al eosi I￿S kniipEiTnienl. Iiive$lThiMts Ul 911bsldiirl¢B and fissoclaleB Eir. I￿en￿l￿rea Bl cn31 le%% liiip&liiliellt. Iiive%tykieDlI Iii subsId￿rieS 8cqulred Por vn9idei￿ID￿l iiiclud&iig tlie i&quc of SI￿1¢3 9uolifyiiiR for mcrgEriElief, cojl is mea51i1Ed by iofEw41rc Iv Ihc IJtrlEiiAal v&lu¢ ofil)¢ shares is5xied pliis fair v&lu¢ Df Dih4r GonsidEl￿ti[J￿. Alky wrniiuni18 Igno￿d. J)eTlvlltrlJyJlii￿i1eloII￿1sfmR￿1lts lThe ¢liarlty 11s#s delivali￿ fiiiort¢iil iiisli'iimeiils lo irdw# expoBvr¢ lo for¢igii ex¢lippge ri¥k aftd iiil¢rcs¢ EWE nioYeinEnls, ThE ¢lillYity dorx I￿1 liold or issue deriyDlivc final￿¥￿1 iTr8Eiwiicllls forspe￿lIa$1l pwyosc& D8r1vnI￿YcS inilinlly recTrgni￿d at flllr VRlutt ai IlTre dait 8 thFiY4ilve ¢011lrnei 1$ eiiieied Iiiio •nd Rw sub%eqiKntly reiii¢oiiire nle5s IIK dri'ivaliYB Isdcsig114iedfind¢tTr¢llv¢ as ft Iii¥ltuiMeiLt, in ivlticli eveill Ilie liming of11￿ recwiilion iliÈllllenni f FitsallG181 Èttlvlttos dopthids on tho of Ilie k6dBB ielAIiDTrElIlp. Fftlr ￿1￿1¢￿10$11r¢l•I¢lll lThe bestevidence orfairvllluE i5aqllOtedprlee foraii Idenii¢fjl issei Inttn nciive mAtkei. Wlivii Quoted pi4c¢s gre iiiiAvfvllgble, lh¢ vriceoffi r¢centIr￿n5￿¢tlD17 fDr 1d&TIKa1a￿El providG5eyidcncG of FalrvElucn5 ltsng AS IIKtcli#s not bc¢R n slgnificaijl IN ¢¢othoixl¢ CIr¢￿INtO￿¢ts orfi siwiifiLnl ItspxL liiM¢ sin¢* the IIAllSfitlltsii look plAce. Ifibtt Iiiarkei15 not Htiive n¢id r¢uni lrnn5noilons of id¢nilcRI &s5etoD IhviTOIWI UEtnOl agood¢51liiiuk of fnir valut, Ilie fqlr Yfyltyt is ¢sllnithd by lisi1￿ a vAluolion oliiilo Page 10

C.IIAbiid LubAvlltli Nott5 to ¢he Flnintikl SIAteintiits foi, they￿11. Knded 31 DBceJnbei' 2013 Icontlnuod) 2 IneDJI]D tl'D)ll dDIIHlions Riid le¥nelvJ TOIRI funds TolAI r 1.2023 363 TolTrl ro. Notsiisic¢s. norAny ¢oiirrtlcdiwiih ihEh¥.liavo ktcelved r¢niuiiBTrlii>n froii) the Clthrity duibis Ilie year. 4 TMxR*iD The c]Jllrity is A regislered chBrityaAd IhE¥#foteex¢mpl fTom tsxoIiDll. I Ci$li thrtdtnsli ÈqulYnl£Jl 2fft3 2023 1.917 2,Q7¥ 23 2022 5,10

CIIAbRd LubAvitch Notc5 to ¢ht Alin•nci%l StRttmtnt& (oi'tlie Ytftj. Ejiiltd 31 Dtteinb￿'2oZ> (contliiiied) 7 IT￿n￿l BRlnll£e al RtSOlllTe5 pe￿dEd DcQvi￿bCl-2O23 Uni£sYirt¢J ii(l i'e¥lJ'l¢i¢il fwniis GÈn£nl 15,Wl 363,9Y2 1362.1151 TOIRI IiiTrds 362115 PJg$ 12

Ch&l>ad LubHvlicli elAlled StrÈtmotttof filoRiielnl Ae.tlyltles foi. (lit Dde(t31 Dtceml)er 2023 Totr.Il 2023 ToiAI 2022 In￿017￿C Biidowi￿r1{1s fi'DiI)'. D￿1￿110￿8￿17d lega¢le8 lunrB&triol£dl Dooailoii$lLrstriot£él Olht>lncollla loiiliystd bBlaw) 363.978 260.56?. 5,0(10 rolgl InLDm• 363,992 ehArit4ble uctiviliE5 lonulysed b21oiYl 81 J471 Toi41 expen¢llthr¢ 281,3471 Netsnconiellexwdlhir¢l 15,778 1481 movwn6511 in fuThlg 1,877 TDlnl fuiids brouglil fi)riwrd 15,03.11 10.744 Tollll fiiiids earnEd IIMib 3.157 15,0341 This thes iioi forni i)g[iofll￿ $i1￿¢01Y flI1￿1¢1￿[ st&iemeiil& Pngc 13

ChAbd LubThYi(cli DotAilÉd Stutomellt of IfliifillelHI Aollvlltes lor the YoAI'Lind¢d 31 D￿tl￿b¢1' 2023 (eontlnyed) TolAI 2023 £ I'otnl 2022 £ DoFllilloii¥ & le8a¢l¢.i AP￿￿1$ aiid do￿11￿$ 363.97B 260,562 DoiinlioiJ5 AppeRls&nd domalio 5,00( OllierliicuJi BRnkint¢re51 reu¥iYRlJle ChllJ'ilffblE ftclliiMI&F 136,Ik)O} 13&35) {ILuoo) (7,4301 'lèlaplion¢atsd f orricE Andadmkni5trativcexpe115eS ScJiioi'ptografiimES aiirf cfjte 139.3761 159.4761 171,1221 SiibseripiKim5 Eenia C8ro 1101.381) Youlli ¢o)nii)iiiiify pro8rqinwesnnd eyenls Wclf8¥e gnd svpport Advertisil￿ wliiling Accounl8ii¢y lees BBiik eli&Ygcs 18d,289) 14Q2621 16,T151 1411,2941 146.4321 19.873) {i.0001 190 362.1151 1281.3a71 l.Iibavtloh acliYiii65 iiicliides bèretsvonieilt %lippTrrtBnd buil&ls' kttrtdl￿lpMY£rts. ki(diBn kosh￿11￿., Jiiexuz&aiid IEfillTh checking. esco>L810 syft4goRi￿ coinNvDily Iiitegrglionev#ii$ one to OAB I¢Anilng J l?ltstion$hip ￿li11S¥ll}Ng J hotnEkss oiid IIoDsii SllPPOrt ttiils Aiiil éew&its- nieRIs oil whcBIE', ho4)i181 vlslts slwpping Iss11￿¢ ¢incrgcllVy fuiils, Cltsoukah pr¢sriils fth'needy Th18 P¥E¢ docs iiorfoyni p8rt (>fih¢ st41111Ory fli1￿01￿1 sl&ieixeni& Pag¢ 14