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CIIRbail Lul)AvllL,II 'rJ'ustoes Repoi'l {¢oiillMiieil) Ptrlicy Dji rE5orves -lTha Iru$ieeshftYt ivvl¢Ad iescrYc5 policy And, in accordanc¢ iyiih Clillrlty CoMIAllsslonB1d¢I1n¢, hove ¢oiTrsldered Ilw l¢v¢l of oharilablt ubJ¢¢iiv¢s In tshoil ierni iii Ilittevenlof ll leinNrllry shortfftll in un¥11Cled Inco1¢. Yli¢ ItNst¢¢s f¢el it UPP2upriote ID ivorkiTr build lip IF5ei?¢s lo liold 5LltriciEJiI frEe locovercore Trxpciiditli reiwild lo mrflnthln uGlivitles fov six IboMIII& Pl&n$ roy lu11 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 to7£1¥1117 morc peoplc froni 811 ivBlks ofiifrè, f111¥Ill types ofseyvltes atta suppDrt Iliry bTrlliiv0I 74 nd Also duelo the IBnibl¢£lialten£inE economicclI1Ie. 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 I85lS bcf811iiig a rli11y. lNyt pride lse1V¢slI notpvsslllg funiiliEs roiiiid tlie syslp.m, bui keeplnglheill li 1lIXlIA lln¢l providingA peYwn4llsul ?pproa¢li, i¥hlo111$ SIy11 lo Iiaveliilve resiilis for5011 of OrBat¢rMallche51er's mosl di5&dvwilllged f4111ili£s Bnd indlyidiillls. Wo w511 Elirthtr Invcstln fv11th151iig lo ¢nble us 10 ¢Xiciid •xl&i1ng6¢lCCS ID IiblB to RKetllj0aBtll1eed the Rround lls I1 2$ pilot ttmv pVe1)in1¢ye proJe¢is to meoi Uiis ie(l. Ti'iislttl Rd tsffiet The IiuÈi¢ts owivcrs servi118diirinB die slti¢c trja yowond folkiiys.. TrnÈiecs.' Mrs. EL Mllik& Rabbi D.Jiffe M13R. su5¥ Pag¢ 3
ClinbTrd LubAvltch Sliiteinnl of TJ'u5t¢e5' Re$pon$ibiIlttQS TIIB Irust¢os &reTespofi$lblo for prCp8ruthct1ll1IIcc8 repoilfili(E Ilie jlIcIal sialeing111% Iii nccordJiice ivilli 151¢ Ilnikd Kilk)n} ounilrgsiwidfjrds (Uniied Kiugdorti Oenernlly Ac¢egte(l Aecoiinilng Pro¢tl¢4) oild applScable IoivDnd IEgulnlloii& Tlic laiv&ppli¢abk lo ¢lierlilsB r¢qulres Ilietriislees to pRpaTrfiiiwiidnl sitsFenietyi& foi'e4clI linDn¢iol yellrwliicli gtve atriie qad r4ir vlciyof th¢ slHl¢ offttraiis orihecharity lid of th¢ irO1111grEtsOUt¢$ 81 appllogl%onof reSDllYces of th£ clinrity for Ihut v¢i'lod. ltt preP9ring Ilicse fiiiBneilll st&telnIs. 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 ¥¢418rd$ IDiYe b¢¢A folloiY¢d.siibi¢cl Ip mlltcrinl dupllthrtsdischsed &Rd oxplain¢d in the filuOlal $lateni¢nii &nd prepll Iho finDiioi&l stthiiBDlsoiJ thE goins Eofi¢oriJ basis iiiile55 il i& inapprupriHlelo wesuinBlhntthe chArlty i¥lll eoniS111 li bS$1S$. The In15teEs Drtrnsptsnsible forkeepiiigpiDr0t1l1I1l18 i¢oNls Ilil tlls¢lo$eivilli reOable RCCUrnCy Rl nnytl1e th? ¢11 posilioii of thecliBrily 8ndeiiablK IIIEin lo ensure I11 filltrt¢iol slÈiomcn18 coiiiply iyith tho Cliuliti Act 2011, th¢ Clwrlti¢s IAcL'oiiiils &nd Rowrtsl Rexuloiloi¥ 2008, Ilje pmvlslotis oftli¢ Coi111110Th. Th¢ IriistE¢sar¢ rttponslbl¢ for sttf¢ÈiiordliiKlbt ttssttsoFthc tlikrily aiid IKnce for lakiDE TeilSi1Tr4blr sEcps fDI' IhcprcVBnliDn aAd dclectlon offrnud Dhd odier ittegulA¥ilies. The Irusleos li re [sOn5ibl¢ for Ihc I110811¢fj inl¢grlty of th¢ corpDEllteand fina11 lTrfotmaiion Iiicluthd oil th¢clinrilnbl¢ coiijplliiy£ lbS11¢. Leglsltsdtsn gov¢rnl¢ig dl¢ ptepgretioii lliid (lisseiniiiolion of financial 1¢( niay dSrrDr filI k8i¥IlllJL in Appro by f I] dilty 011 ioth SrylCib.2o24 4nd 518Ded Dll Its belmlf by., RelA>l Trfafl* IUw51co Pttge 4
Cjirtbgd Liib•yÈl¢h lji(JCi)2n¢l1< J)Ixiimliieii?s Report to tlio ti'ustQQ5 Of ClJnbHd LTibRVltch I rop)rtDlI IIIB llccomijls of the¢lritY foTihEycareiided 31 Ik(xnibEI'2023 iyhitli tyrc Setoul oil i)llges 7 lu IJ. 'riioli'iTrstee¥ ore¥o3pDJ151bl& for the i>¥aplli'41i(i ofilto aLeoyiil& Tlie cotisithr lrA llTrtdil is iiot qUIr¢d for tliis year ITnder se¢lioii 144121 of Ilie ChariHes Act 201L Iihe 2DI l A¢il And ihni 4n IIiEkp¢ndsiil exaDlilioI7 i$ 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 iY respoth$lb11ity tfr,, exDIDIMB the ¢01)IS iind¢r$e¢ill 145 oftlle 201 l Act. ID falloiy IhD PrtcS IAid ilo¥Yii ITh Ihe EeneMIDlre¢ii0ttsEiven by Ili¢ Chorjiy Coiiinilsslon viid¢r 5cciioiJ 14515Xb) of Ilw 2011 Aei. aiid ID Sta(e véh2thorpllitilR1 ThattEts havr ¢DMic to my otl¢nllThi. Sis of 1iidepeTh(teil¢tYd1kMI 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)Ipfyrln 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 &&itswhl*rth¥at¢Dtlntspr¢S¢D1a.il4Illd f4irvieiv' lliidlhe IEport is liAiitedto th1>5c MatIErst0iltlIknIttslOkn1rntr. 11) Ivhiob 8ivE&iK r¢E>nabl¢XL11fj ID b¢li¢v¢ 11191 Iii any niaterigl spe¢l t1 ftoulren1l', lo kLYP llcL'tsui1lthgrec5 inaccDrdfiThc¢ iyilh secilon 386ofib¢ Coinpaiil¢8A¢l?.iK16: luid to piEpllYa BccorAiisiYlil¢li tOld ¥vlth Ilw 8Ètvuiilittg rtttsrd$, ¢Oiiiply ivilli IIK aCCOiililllig [c4l¢¢I50r5(CIii>n 39& ofilic fnmP&iiies Aci 2D06 nttdwilh Ilie n10d5lld principlesofiii£ SlotemeBlof REcoiniii¢nd¢d Piaotl¢&'. A¢¢oiinlliJs aiid RttporiliiÈ by CIMriil£$ IiJv¢ beorl IKOI.. oi. 12) 10 %vhlvli. lil niy opliiloii.fill¢]ittoJi ShOld be Or4wn in ord¢r lo emble & pr(v¢rjnd¢d1nBoflli8 &C¢onI 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 EiidOiYiEllts fi*m.' DtsrtattOr and legacies Q)IheT INCME 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$liMll¥n )Eiinibei': 11289.33) Jl•l8n¢e Sheet ffs fi13[ J)¢temb¢i' 21UJ 2023 2022 Cui'YETrI nsscts C8sli Rl bRllk amd iii liw 1.947 2.Q78 Re51Jleled I¢01< fiiThdg Resttieted fvis 5,000 UDrc5triclEd lid¥ Jits 8 Itk IZ Ivere 8pprtsYed by t1 Iru8l¢t& &iiiIrIsed foi'lssuèon IgOp{n150r 2)24 0)d Fby., sigDed 01 Rubbl Tiu riiE Roles Dii P85 8 ID 12 foi'lli inlogrttl pRrtof Ils¢ Niiii iKiiI %iÈiemethts. P8gE 7
Cliib4d LiibRYlttli No¢¢5 to tlie Ifii)fiJieiRI StnteJTLCiits foi, the YLYrEiided 31 Dcccllibe]'2023 SiTrl¢inc#t Df eVlpIne9 'rhe fiDwicllll slpleDIEii15 hRvB beEii prEiiKreO IM &r¢ordoii¢o iyilh the 52¢0nd edlllon ofilw Chadiie$ 511118MtIl of Recoinmellded Practice i$siiÈd iiiortober2019, IliD fiiiRnvlpl ftworiiitgSianitsid$pplicablgin Ihts UnllodKimgdoi)i and Ropublicoflrolllil{FRs 1021 llnd th8 Chfji'ilitsgA¢1201 K$8s1s of y).ÈpnvAlion ClittbLd Liibuvitcb iitlS dcfii)itIDn of & piibli¢ brnttfil tsAlity ulld¥r TrIIS' 102.-1l¢ uLvoiinig Irinun4iel yl#l¢iiiYiiis) bwii prered iiiider the lil%lTrric81 tosl convenllon wlih ii¢m$ 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¢orlfiliiiIB5btil1C clinrity's ublllty tD ronllnltc 8Dln%concttnL Ineomo nii(l eniloiYnib'llt5 VrJluiit#ry iTr¢oine iiioluding don4itOn4 glfts, li101¢Sl 8Mil8lli#tNovid¢corc ndIng oi ar¢uf4 #¢111 iw1r¢ is r¢Cl>iSe4l Alien Ihe charlty li enliilomentlD iiicoin4 it 15 probabk Ilitstth¢ Incom¢ Ivlll b¢ 1¥¢d $nd Iho amount ca be measiired wllli 3fIl¢1rel1Ibl1Ity. DoiifillortsfiiiHIEgfteJes Doii&llonsEind l¢Èi¢i¢s are r¢cogkised IEÈtivsble bi1¥ %vlitJi reeeipi Èywbublt Ilie #t]ul11 ciiii be reliablynieosured. xib¢ndilUIY Allexpundittsrc is fcctrgntsttdlcts Ihciylill loglllurconslriicilyq obliBftlion lot11trexpCIldItYe, It13p]bllbIe 8ettlcM¢ntisrcquiLEd and Iliefiniounl be ni¢o%iiKd rcliabty. All¢r>sls ar6Kllo¢$t¢d lo 1110 81)pll¢ablo¢xiKndlliitt he8d41 Iliai aBÈrcB8to siiMll8rcosts Ilini eAle801>,. Wlrc costs ¢nnl be ditErAly atlvib¥led to P21'licylar ldI85 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 expekid1lre eoinprlses Ilknsc cos18 Iiiciintd by Ilie LIrItY In Ilic delivery of 115 th¢livlties in6 selv1c 11$ bon&ficioY¢88. It illcludes iNJlh CDsls Iliat ERn b64110cIed diiruily lo such acti11¢1rf those co51s oran indiTect n4ttire nECD5SRry 10 suplt 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 0119stb]ccDrnnX forUK CDiporoltQll Inx puiwses, AY)rd{lIY. 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 InfDle Dr guillg ttpplitdextlu8ivoly lo ehw'l1ab pisrp05¢5. C45h e4iilvnlenl Ch and ¢aSlieqiilv&leiiis¢oniisdie¢A1 ort hllttd Bndeblldepo21tg, dnd0ibÈi'sliort-t71lhlslIIY 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$pM'lflc purpD5c3, khBU of whldi is K¢ÈtYloted ID IhRI a¥e&oL piirpos¢. Clff53fl IcThlloJl F(naNclal a5ts fiiMNcinl liabilitlESate r¢rDgnisEd IhE chDlty bE¢oinosa pfyrty 10 Ilie Con¢1011 provlslonsofthe 1115tninient. 17bAl1 liabiliile5 und cqiiliy litstriinientsare BlasslfiEd &¢CDrdlTrs 1¢ the SMbslDrtCE oftlK oontrRIttFThl Hrr4TrgEm¢ll(se¢il¢itd titto. An ffjiilty i118irunieri Isnny¢ollirhcl Iliai¢vld¥n¢eso resIdU inlei'ts51 In llwfjIS ofilK ¢liArlty aft¢rd¢duolliy4 ollof its I1111¢1¢3. PdEè 9
Clkftbnd Lubavltcli N?tt5 to th¢ Fln8n¢lg1 StatemeDt& foi. tlieYeni'14ndod 31 DecollJbDI' 2023 IcontiJLued) RecogiiiilDKuNidiIiculrE1I1C1il price excludiiig Irgns¢cllon ¢ostBI, upkss IhE pr118eIEIlt contliUite% ll flnniicli¥ 118nSQOtloii. IE tyr¢ Arrtsttgeiheni toMsllknit8s rinani'inglrnii¥oclioTr, IIIE finRnCIBI w¢lorfiMnll¢iEI liability 1$ Iii¢wr¢d 81 Ilitt prtss¢iii l00fth0 fiituv£ wyfiieiiisdiscouiiied Dt
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C.IIAbiid LubAvlltli Nott5 to ¢he Flnintikl SIAteintiits foi, they11. 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$li thrtdtnsli ÈqulYnl£Jl 2fft3 2023 1.917 2,Q7¥ 23 2022 5,10
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ChAbd LubThYi(cli DotAilÉd Stutomellt of IfliifillelHI Aollvlltes lor the YoAI'Lind¢d 31 Dtlb¢1' 2023 (eontlnyed) TolAI 2023 £ I'otnl 2022 £ DoFllilloii¥ & le8a¢l¢.i AP1$ aiid do11$ 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' kttrtdllpMY£rts. ki(diBn kosh11., 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 fli1011 sl&ieixeni& Pag¢ 14