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
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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 oih*r $pe¢ifJ¢ Day to dlly
dtnini%lialloii 1$ ¢4￿1¢￿ by &ii odiiiini5frator %Yho Yeports lo th¢ Iritsiees, 'IIIE gav¢rnlng document of lh¢ Chatity 1$ Ils
MciTriDroTrdilirt8nd Ai*iclesofAssDUiRllon.'I'brCJ14ifi5T¢gppnsiblE rorin$kliig￿ISIIn#sN117¢IY1t￿¥le0SalYar¢Orth￿1r￿sF0IIs¥b1j1IIcy
￿l￿￿'e.11&rIlyLThIv ond Rn?nglnE $ppropilate &iKiu¢iitsn RiidtrRIHln
Rfsk rh4hRgEni¢iil
Ih¢ BoaidofTLW51ceshai'i¢onsidttttd IheillhJorri¥kB lfj wthlch Ilic Charity i5EXPDsed, tHYEr¥vioiiY¢J Ili(15e risksoiid lioY¢osiabl¢shad
sythIDs oiid proc¢dutGs lo iiTrzilBgQ rlgk3.
Objgeis ftijrfdij
TIIE oh41-ity foisn8lly ¥xls184ceordingloils niEtRoNi￿lI1ITr fvrilie &dv&n¢eineiiiofed￿￿0II[th,]h￿ r¢li8fofpoverty, si¢knes50rhpidJiip
￿1￿ oilE¢r diArityblo pvrp05es for Ihts bncfil of disTrdYaiTrtoged. undeiprNlle8oil aiid dlsabled coilliiiiittiiles ￿1￿11&r[lY iii QrealBr
m&irl￿ster?￿¢q, by the provlsloD ofthcilities, c￿£￿t￿n, IrRliiiiiÈ* adwi*cy, Bdvicc Socilll ¥iYirL￿,
P¥bll¢beii¢fli
Th¢ purpDs¢oftlio¢harity is IikbenefiidiildrekJyOUn8pe0ptcqi￿O1d peDiileand f4iiilll¢s Iiillie a￿￿&(0Ve[£d by t￿¢14*r￿ty,$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$ieeshftYt ivvl¢A*d iescrYc5 policy And, in accordanc¢ iyiih Clillrlty CoMIAllsslonB￿1d¢I1n¢￿, hove ¢oiTrsldered Ilw l¢v¢l of
oharilablt ubJ¢¢iiv¢s In tshoil ierni iii Ilittevenlof ll leinNrllry shortfftll in un￿¥1￿1Cled Inco1￿¢. Yli¢ ItNst¢¢s f¢el it UPP2upriote
ID ivorkiTr build lip IF5ei?¢s lo liold 5LltriciEJiI frEe locovercore Trxpciiditli￿ reiwil￿d lo mrflnthln uGlivitles fov six IboMIII&
Pl&n$ 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)poiiofiÈtsl*i¢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
Sliitein*nl 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 cor*si$l¢nlly
obsdryo t1￿ nKihods thid prlnclpJ¢8 Inl1￿ ChHYiiles SO￿￿.,
fike Jiidk¢nwittgund ¢slliiiatr$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 Ili*l 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 SrylC*ib￿.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 i*poi*
Myexllikiii*iioniva$eivi'ieAoul in 8ceordaTiceividJ IhEgeneIlllDlITL'IIDThsglvcnby Ihc Cliltlty Coininl$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 Il*s¢ 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$8s1s of y).ÈpnvAlion
ClittbLd Liibuvitcb ii*tlS dcfii)itIDn of & piibli¢ brnttfil tsAlity ulld¥r TrIIS' 102.-1l¢ uLvoiinig Irinun4iel yl#l¢iiiYiiis) bwii
pre￿red iiiider the lil%lTrric81 tosl convenllon wlih ii¢m$ 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>,. Wl*rc 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 0119s*t￿b]ccDrn￿nX forUK CDiporoltQll Inx puiwses, A￿Y)rd{l￿IY. t4￿ ¢l*Èrity is IK>i¢iiilully exeillpi from i?xaiion
Iii respeot oflii¢o*iie 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
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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.
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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
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4 TMxR*iD
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I Ci$li thrtdtnsli ÈqulYnl£Jl
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2023
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15,778
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1,877
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10.744
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ChAb*d LubThYi(cli
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Pag¢ 14