Registered number.. 08051428
Charity number.. 1147803
THE WESTERN CHARITABLE FOUNDATION
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
CONTENTS
Page
Reference and admlnlstratlve detalls of the Charlty, Its Trustees and advlsers
Trustees. report
Independent auditor5. report on the financial ststements
9-12
Statement of financial activities
13
Balance sheet
14-15
Statement of cash flows
16
Notes to the financial statements
17-33

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Harold Pasha, Chairman
David Winton, Vice Chairman
Anthony Yadoaroff, Treasurer
Suzanne Goodman
Colin Jaque
Philip Kremen
Maxwell Nisner
P8uI Rayden
Alexander Rayden (appointed 30 January 20231
Company registered
number
08051428
Charity registered
number
1147803
Registered office
35 B811ards Lane
London
N3 1XW
Company secretary
Mr. A.H. Yadg8roff
Independent auditors
BKL Audit LLP
35 B811ards Lane
London
N3 1XW
Bankers
National Westminster Bank PIC
38 Strand
London
W2CH SJB
Page 1

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report together with the audited financial statements of the Charity for the 1
January 2023 10 31 December 2023. The Annual report serves the purposes of both a Trustees, report and a
directors, report under company law. The Trustees confimi that the Annual report and financial statements of
the charitable company comply with the current slatulory requirements, the requirements of the charitable
company's governing document and the provisions of the Statement of Recommended Practice ISORPI
applicable to charities preparing their awounts In accordance with the Financial Reporting Stsndard applicable
In the UK and Republic of Ireland IFRS1021 leffective 1 January 20191.
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Reporti
Regulations 2013 has been omitted.
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report
and the audited financial statements of the charity for the year ended 31 st December 2022 which are also
prepared to meet the requirements of a directors, report and accounts for Companies Act purposes.
Objectives and activities
a. Policies and objectives
The objects of the charity are..
lil The provision and administration of Jewish cemeteries
lill The relief of povety in accordance with the principal of the Jewish religion
liiil The advancement of Orthodox Jewish education by the provision and maintenance of Orthodox Jewish
schools
livl The advancement of the Orthodox Jewish Religion and in particular the provision and support of The
Western Marble Arch Synagogue
Iv) The support of such charitsble institutions established for similar purposes as the Trustees from lime to time
think fit
In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity IP821'.
b. Strategies for achieving objectives
The Trustees ensure that the charity objectives are achieved by regular reviewing of its charitable aclivib.es as
described on page 3. There is regular communication be￿een the Executive Secretsry and the other burial
organisations sharing the main cemetery al Cheshunt lo ensure its smooth running and regular visitations by
Head Office staff to all four cemeteries to monitor their effectiveness. All grant requests are discussed by the
Board of Trustees to ascertain their priority and suitability for funding.
c. Activities undertaken to achieve objectives
The charity fulfils Ils objectives by ensuring cemetery staff have the training and knowledge to perform their
duties effectively and the Trustees communicate with the WMA Synagogue and various charitable institutions
who may be in need of financial assistance.
Page 2

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Objectives and activities {continuedl
d. Grant-making policies
The policy of the Foundation is the administration and Maintenan￿ of cemeteries at Bulls Cross Ride
Cheshunl, Rowan Road Slrealham, Montagu Road Edmonlon and Fulham Road Chelsea, and making grants lo
such other charitable activities as pemiitted by its objects as the Trustees consider appropriate from lime lo
lime.
e. Main activities undertaken to further the Charity's purposes ft>r the public benefit
The charity achieves its general aims by maintaining Jewish cemeteries and providing support to the Vvestern
Marble Arch Synagogue. The Iruslees have complied with their duty under section 17151 of the Charities Act
2011 to have due regard to the public benefit requirement. The trustees have also reviewed each grant payment
during the year by reference lo the Charity Commission guidan￿ on 'Charilies and Public Benefif. Issued by the
charity commission.
Achievements and performance
a. Main achievements of the Charity
In the course of the year there were 17312022.. 1921 burials of which 12012022.. 1401 were in connection with
the associated organisation and 5312022.. 521 related to burial subscription members and paid funerals.
b. Key performance indicators
The measures or indicators used to assess perforrnan￿ and achievement includes observing good staff
retention levels, allempling lo keep expenditure level by looking al cost savings possible and administrative
efficiency. Other measures include aiming to ensure the givingldonor capacity each year has a general upward
trend and that investment performance shows growth or at least stays ahead of market Indexes.
c. Review of activities
The activities of the charitable company continue lo be the advancement of the Jewish religion in particular by
the provision, maintenance and adminislralion of Jewish cemeteries and the provision of assistance lo any
burial society for the burial of persons of the Jewish faith.
The trustees continue to keep under review the need for maintenance of the cemeteries, performance against
objectives sel and the need to acquire land for future burials. During the period the trustees continued the
comprehensive maintenance programme al all of the cemeteries. There was no need, al this time, to purchase
additional burial land or to make any changes to the way it carries out its aclivilies.
The trustees are satisfied that the expenditure incurred helped to support its key objectives in maintaining the
high standard of Ils Cemeteries.
Page 3

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and performance lcontinuedl
d. Factors relevant to achieve objectives
Volatile global markets have minimised share investment income and performance in recent years contributing
lo less enthusiasm for external grant making to other institutions. Recent external renovation works al the
WMA Synagogue complex required every 10-15 years took place recently and has led to increased pressure for
Synagogue grants and administrative support.
e. Fundraising activities and income generation
Fundraising activities are not performed by the charity and the main forms of income are generated from
members annual burial contributions and tombstone mason fees charged.
f. Investment policy and perfomiance
The Foundation's investment policy is to hand over the management of funds into the hands of professional
managers. The trustees consult with the Managers from lime to time lo discuss Investment performance.
Financial review
. Going concem
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources lo continue in operational existen￿ for the foreseeable future. For this rea50n, they continue to adopt
the going concern basis in preparing the financial slalements. Further detsils regarding the adoption of the
going concern basis can be found In the accounting policie5.
b. Reserves policy
Total Reserves, as shown on the Balance Sheet, amount lo £11,296,73312022.. £11,440,878). Of these
reserves, £3,888.82412022.. £3,882.4391 is Invested in tangible fixed assets and heritage assets leaving
£7,407,90912022.. £7,558,439) as free reserves.
Whilst the trustees from time to time make grants, considerable reserves have to be held for future expenditure
on cemeteries and also to cover the long term burial liabilities as well as maintenance and renewal of its
properties.
There is also a need to maintain cemeteries which are in effect closed for burial, and funds have to be held lo
cover such maintenance for perpetuity.
c. Material investments policy
The Foundation's investment policy is to hand over the management of funds into the hands of professional
managers. The trustees consult with the Managers from lime to time lo discuss Investment performance.
Page 4

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
d. Principal risks and uncertainties
The biggest risk the Foundation faces is a major event resulting in a large Increase in the number of burials.
The trustees cater for the risk by maintaining sufficient reserves and obtain an actuarial report every 3 years lo
verify this. A further major risk is the age of the properties associated with the Foundation and the trustees
ensure that adequate funds are maintained for the ongoing maintenance programme and any long term
e. Financial risk management objectives and policies
There is little exposure to financial risk due to the nature of burial services offered which ensure a basic
guaranteed market demand from members. However, the WCF policies include the need by senior staff lo
ensure the Foundation is acting appropriately, trying to anticipate and assess risk, avoid excessive risks and
ensure appropriate safeguards are in place lo minimise risk whether by avoidance, control measures or
Insurance. The Foundation also maintains sufficient cashlliquid assets to minimise liquidity risk and allow
financial obligations to be fulfilled.
f. Principal funding
The principal funding sources of the charity are shown in notes 4 and 5 of the accounts.
Structure, governance and management
a. Constitution
The Western Charitable Foundation Is registered as a charitsble company limited by guarantee and was sel up
by a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
Oryanisational structure and decision-making policies
There are nine trustees who are responsible for running the charity. Day lo day running of the charity Is
delegated to the Management Committee which consists of the Chairman, Vice Chairman and Treasurer.
Routine matters such as arranging funerals and upkeep of records are delegated to the office administration.
d. Policies adopted for the induction and training of Trustees
The Articles provide for a minimum number of 5 and a maximum number of 15 trustees. One of the
Iruslees so appointed shall be nominated by the United Synagogue.
The power of appointment of new or additional trustees is vested in the trustees for the lime being of the
charity. A trustee must be appointed by a resolution passed by Iwo thirds of all the existing trustees at the
lime of the resolution.
A new trustee would reTrive copies of the previous years. annual reports and accounts and a copy of the
Charity Commission leaflet. The Essential Trustee. What you need lo know"
Page 5

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, governance and management Icontinuedl
e. Pay policy for key management personnel
The trustees consider the Chairman and the Executive Secretary as comprising the key management
personnel of the Charity In charge of directing and controlling the day lo day affairs of the charity.
All Iruslees give their bme freely and no remuneration was paid to them in the year.
The pay of the Executive Secretary is reviewed annually. The remuneration set Is fair and not out of line with
that generally paid for similar roles. For further information, see note 11.
f. Related party relationships
There are no directly connected organisations. However, the Foundation co-operates with the following
charitable burial societies and burial organisations which use the cemeteries which the Foundation maintains..
Burial Societies
New London Synagogue
New North London Synagogue
Association of Jewish Friendly Societies
Chabad Lubavitch Centres
Congregation of Jacob
East London Central Synagogue
Great Garden Street Synagogue
Kehillat Ohel Avraham
Sandys Row Synagogue
Teesdale Street Synagogue
The Settlement Synagogue
Walford Road Synagogue
West End Great Synagogue
WMAS Funeral Expenses Scheme
Burial O
anisations
Jewish Joint Burial Society
Liberal Judaism
Woodford Forest United
g. Financial risk management
The Trustees have assessed the major risks to which the Charity Is exposed, in particular those related lo the
operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
Page 6

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, governance and management Icontinuedl
h. Trustees. indemnities
The company's Articles of Association provide, subject lo the provision of UK legislation, an indemnity for
Iruslees and officers of the company In respect of liabilities they may incur in the discharge of their duties or in
the exercise of their duties, or in the exercise of their powers, including any liabilities relating lo the defence of
any proceedings brought against them which relate lo anything done or omitted, or alleged to have been done
or omilled, by them as officers of the company.
Appropriate trustees and officers liability insurance cover is in place in respect of all of the company's directors.
Plans for future periods
The charity plans to continue its existing aims and objectives in future years in its provision and adminislralion of
Jewish cemeteries and its charitable financial assistan￿ lo other Jewish institutions and organisations.
ststement of Trustees. responsibilities
The Trustees (who are a150 the directors of the Charity for the purpose5 of company lawl are responsible for
preparing the Trustees. report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the stale of affairs of the Charity and of Ils incoming resources and application of resources, including Its
income and expenditure, for that period. In preparing these financial stslemenls, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards IFRS 1021 have been ft)Ilowed, subject lo any
material departures disclosed and explained in the financial statements",
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charity
and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Dlsclosure of Infomiatlon to audltors
Each of the persons who are Trustees al the time when this Trustees, report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are
unaware, and
that Trustee has taken all the steps that ought lo have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charity's auditors are aware of that information.
Page 7

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Auditors
The auditors, BKL Audit LLP, have Indicated their willingness lo continue in office. The designated Trustees will
propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Harold Pasha
ITrusteel
Dale.. 2311212024
Page 8

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE WESTERN CHARITABLE
FOUNDATION
Oplnlon
We have audited the financial statements of The Western Charitable Foundation Ithe 'charitsble company'l for
the year ended 31 December 2023 which comprise the Statement of financial aclivilies, the Balance sheet, the
Statement of cash flows 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 Financial Reporting Stsndard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practi￿1.
In our opinion the financial statements..
give a true and fair view of the slate of the charitsble company's affairs as at 31 December 2023 and of
its incoming resources and application of resources, including its income and expenditure for the year
then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is
sufficient and appropriate lo 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 con￿rn basis of
accounting in the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubl on the charitable company's ability lo
continue as a going concern for a period of at least IMelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the
relevant sections of this report.
Page 9

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE WESTERN CHARITABLE
FOUNDATION ICONTINUEDI
Other Informatlon
The other information comprises the information included in the Annual report other than the financial
statements and our Auditors. report Ihereon. The Trustees are responsible for the other information contsined
within the Annual report. Our opinion on the financial ststemenls does not cover the other information and,
except lo the extent otherwise explicidy ststed in our report, we do not express any fomi of assurance
conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial ststemenls or our knowledge obtained in the course
of 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 this gives rise to a material
misstatement in the financial statements themselves. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the information given in the Trustees, report is inconsistent in any material respect with the financial
statements., or
sufficient accounting records have not been kept,. or
the financial slalements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees Iwho are also the directors of
the charitsble company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is ne￿SSary to enable the preparation of financial statements that are free from material
misstatement, whether due lo fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's
ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the
going con￿rn basis of accounting unless the Trustees either intend to liquidate the charitable company or lo
cease operations, or have no realistic alternative but lo do so.
Page 10

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE WESTERN CHARITABLE
FOUNDATION ICONTINUEDI
Audltors. responslbllltles for the audlt of the flnanclal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misslatemenl, whether due to fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always delect a material misstalemenl when il exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial ststemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to delecl material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities,
including fraud is detsiled below..
Enquiring of management around actual and potential litigation and claims.
Reviewing board meeting minutes of meetings of those charged with g0veman￿.
Reviewing financial statement disclosures and testing lo supporting documentation with applicable laws and
regulations.
Performing audit work over the risk of management override of controls, including testing of journal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitstions of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misststemenl in the financial stslemenls or non-complian￿ with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of InStan￿S of non-compliance.
The risk is also greater ￿gardIng irregularities occurring due lo fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
As part of an audit in accordance with ISAS IUKI, we exercise professional judgment and maintain professional
scepticism throughout the audit. We also".
Identify and assess the risks of material misstatement of the financial $18tements, whether due to fraud or
error, design and perform audit procedures ￿SponSive lo those risks, and obtsin audit eviden￿ that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of Internal control relevant lo the audit in order lo design audit procedures that
are appropriate in the circumstances, bul not for the purpose of expressing an opinion of the
effectiveness of the charitable company's internal control.
Evaluate the 8pproprialeness of accounting policies used and the re8s0nableness of aecounting
estimates and related disclosures made by the Trustees.
Conclude on the appropriateness of the Trustees, use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material Un￿rtaInty exists related to events or
conditions that may cast significant doubt on the charitable company's ability lo continue as a going
concern. If we conclude that a material Un￿rtaInty exists, we are required to draw attention in our
Auditors, report lo the related disclosures in the financial statements or, if such disclosures are
Inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the
Page11

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE WESTERN CHARITABLE
FOUNDATION ICONTINUEDI
dale of our Auditors, report. However, fvture events or conditions may cause the charitable company lo
cease lo continue as a going cOn￿rn.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the undedying transactions and events in a
manner that achieves fair presentation.
We communicate with those charged with goverllan￿ regarding, among other matters, the planned scope and
liming of the audit and significant audit findings, induding any significant deficiencies in internal control that we
identify during our aLJdil.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordanTr with Part 4 of the
Charities IAccounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale
lo the charitable company's trustees those matters we are required lo slate to them in an Auditors. report and
for no other PUfFiose. To the fullest extent permitted by law, we do not accept or assume responsibility lo
anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for
the opinions we have formed.
8KL A£ULg- LLP
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
Dale.. 2311212024
BKL Audit LLP are eligible lo act as auditors in terms of section 1212 of the Companies Act 2006.
Page 12

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Charitable activities
Investments
901.769
462.693
901.769
462.693
909,818
324. 198
Total income
1,364.462
1,364.462
1,234.016
Expgnditure on:
Charitable activities
1,549.189
1,549.189
1,674,084
Total expenditure
1,549,189
1,549,189
1,674,084
Net expenditure before net losses on investments
Nel losses on investments
(184.727)
114,6001
(184.727)
114,6001
(440.068)
(922,909)
Net movement in funds
1199.3271
1199.327) (1,362.9T7)
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
11,440.878
1199,3271
11,440.878
12, 803,855
1199,327) (1,362,977)
Total funds carrigd forward
11,241.551
11,241.551
11,440.878
The Ststemenl of financial activities includes all gains and losses recognised in the year.
The notes on pages 17 to 33 form part of these financial statements.
Page 13

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
REGISTERED NUMBER: 08051428
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
Fixed assets
Tangible assets
Heritage assets
Investments
Investment property
12
14
15
3.249.469
611,173
4,806,579
5.500,000
3,271.266
611,173
4,848,225
5, 500.000
14.167.221
14,230.664
Current assets
Debtors
Cash al bank and in hand
16
381.675
1,699.737
362,304
1,829,414
2,081.412
2, 191, 718
Creditors.. amounts falling due within one
year
17
1405,1661
(379,588)
Net current assets
1.676.246
1,872,730
Creditors." amounts falling due after more
than one year
Provisions for liabilities
18
1412,9161
{4.189.0001
(412,916)
(4, 189.000)
Total net assets
11.241.551
11,440.878
Charity funds
Unrestricted fvjnds
11.241,551
11,440,878
Totsl funds
11.241.551
11,440,878
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity lo obtain an audit for the year in question in aceordanee with section
476 of the Companies Act 2006.
However, an audit is ￿qUired in accordance with section 144 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
8ecounling records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject lo
the small companies regime.
Page 14

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
REGISTERED NUMBER: 08051428
BALANCE SHEET ICONTINUED)
AS AT 31 DECEMBER 2023
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
If67kold P6uha
Harold Pasha
(Trusteel
Dale.. 2311212024
The notes on pages 17 to 33 form part of these financial statements.
Page 15

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash flows from operating activities
Nel cash used in operating activities
1591,2321
(872.002)
Cash flovts from investing activities
Purchase of other investments
Proceeds on disposal of other investments
Investment income received
Other non cash movements
(1,000.028)
2,203,431
249,673
462,693
11,1381
Net cash provided by investing activities
461,555
1A53.076
Change In cash and cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
1129,6771
$81.074
1.829,414
1,248.340
Cash and cash equivalents at the end ofthe year
1.699,737
1, 829.414
The notes on pages 17 to 33 form part of these financial statements
Page 16

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General Informatlon
The Western Charitable Foundation is a private company limited by guarantee incorporated in England
and Wales. The registered office is 35 Ballards Lane, London, N3 1XW.
The liability of each member in the event of winding up is limited to £10.
Accountlng pollcles
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
The Western Charitable Foundation meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are Initially recognised al historical cost or transaction value unless otherwise
stated in the relevant accounting policy.
2.2 Going concern
Al the lime of approving the financial statements, the Iruslees have a reasonable expectation that
the charity has adequate resources lo continue in operational existence for the forseeable future.
Thus the trustees continue to adopt the going con￿rn basis of accounting in preparing the financial
stalemenls.
2.3 Income
All income is recognised once the Charity has entillemenl lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation lo investment income is recognised at the lime the investment
income is re￿1Vable.
2.4 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation lo transfer economic
benefit lo a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each acts.vily are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocated directly lo that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned be￿een those
activities on a basis consislenl with the use of resources. Central staff costs are allocated on the
basis of lime spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Page 17

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles Icontlnuedl
2.4 Expenditure {continued)
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions allaching are
fulfilled. Grants offered subject to conditions which have not been met al the year end are noted as a
commitment, bul not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Tanglble flxed assets and depreclatlon
All tangible fixed assets are capitslised and recognised when future economic benefits are probable
and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into ils intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives, using the straight-line method and the reducIng-balan￿ method for
all assets besides cemeteries.
Depreciation is provided on the following basis..
Freehold propety
Plant and machinery
200h Slraighl line
200k Reducing balance
Cemeteries are depreciated on the basis of the number of plots used in the year.
2.7 Investments
Fixed asset investments are a form of financial instrument and are initially recognised al their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the
value cannot be measured reliably in which case il is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl
on investments, in the Statement of financial activities.
Investments held as fixed assets are shown al cost less provision for impairment.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
Page 18

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles Icontlnuedl
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term 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.
2.10 Llabllltles
Liabilities and provisions are recognised when there is an obligation at the Balance sheet date as a
result of a past event, it is probable that a transfer of economic benefit will be required in settlement,
and the amount of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the Charity anticipates it will pay to settle the debt or the
amount it has re￿iVed as advanced payments for the goods or setvices it musl provide.
Provisions are measured al the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.11 Flnanclal Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured al their settlement value with the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
2.12 Provlslons
The provision for future funeral costs is based on an external actuarial report assessing the present
value of future funeral costs less the present value of future contributions. See note 20 for further
information.
It is the policy of the trustees lo obtain an updated actuarial report on a triennial basis. The last
actuarial valuation was undertaken on 1 January 2022. In the Inte￿ening period, the Trustees review
the valuation to assess whether il has materially changed.
2.13 Penslons
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
2.14 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Page 19

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from charltable actlvltles
Unrestricted
funds
2023
Total
funds
2023
Suppporting the ￿meterIeS
901,769
901,769
Unrestrictgd
funds
2022
Total
funds
2022
Supporting the cemeteries
909,818
909,818
Investment income
Unrestricted
funds
2023
Total
funds
2023
Rental income
Investments listed on stock exchange
306,723
155,970
306.723
155,970
462,693
462.693
Unrestricted
funds
2022
Total
funds
2022
Rental income
Investments listed on stock exchange
239,948
84,250
239.948
84,250
324, 198
324, 198
Page 20

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of grants
Grants to
Institutions
2023
Total
funds
2023
Grants, Religious Activities
356,014
356,014
During the year, the charity made donations of £271,022 to The Western Marble Arch Synagogue. The
rest was donated to a variety of other causes.
The total grants made lo Western Marble Arch Synagogue by the company and it's unincorporated
predecesor up to 31 De￿mber 2023 amount lo £3,692,83812022'. £3,421,816).
Grnnts lo
Institutions
2022
Total
funds
2022
Grants, Religious Activities
402,223
402,223
All grants in the prior year were paid unto the Western Marble Arch Synagogue besides £22,998 which
was donated to a variety of other causes.
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2023
Total
2023
Supporting the cemeteries
Religious Activities
1,193,175
356,014
1,193.175
356,014
1,549,189
1.549.189
Page 21

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of expendlture on charltable actlvltles Icontlnuedl
Summary by fund type Icontlnuedl
Unrestricted
funds
2022
Total
2022
Supporting the cemeteries
Religious Activities
1,271, 861
402,223
1,271,861
402.223
1.674,084
1,674,084
Anatysis of expenditure by activities
Activities
undertaken
directty
2023
Grant
funding of
activities
2023
Support
costs
Total
funds
2023
2023
Supporting the cemeteries
Religious Activities
839,769
353,406
1,193.175
356.014
356,014
839,769
356,014
353,406
1,549,189
Activities
undertaken
directly
2022
Grant
funding ol
activities
2022
Support
costs
2022
Total
funds
2022
Supporting the cemeteries
Religious Activities
1, 127,495
144,366
1,271,861
402,223
402,223
1, 127,495
402,223
144,366
1,674.084
Page 22

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of dlrect costs
Supportlng
the
cemeteries
2023
Total
funds
2023
Staff costs
250,090
568
67,543
20,684
493,296
2,522
803
4,263
250,090
568
67.543
20,684
493,296
2,522
803
4,263
Cleaning
Funeral Cost
Light & Heal
Repair & Renewal
Telephone
Rates
Travel
839,769
839,769
Supporting
the
cgmgteries
2022
Total
funds
2022
Staff costs
Cleaning
Funeral Cost
Light & Heal
Repair & Renewal
Telephone
Rates
Travel
244, 766
2.540
61,506
5.898
595,509
2.924
10,607
8. 768
244, 766
2.540
67,506
5,898
595,509
2,924
10,607
8, 768
194,977
In¢￿ase in provision
194,977
7, 127,495
1. 127,495
Page 23

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of support costs
Supportlng
the
cemeteries
2023
Total
funds
2023
Staff costs
53,350
21,797
22,184
82,625
1,738
3,182
2,311
11,572
136,235
18,412
53,350
21,797
22.184
82,625
1,738
3,182
2.311
11,572
136,235
18,412
Depreciation
Insuran
Light & Heal
Bank charges
General expenses
Office expenses
Governance costs
VAT write off
Accountancy
353,406
353,406
Governance costs are comprised entirely of the audit fee for the year.
Page 24

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of support costs Icontlnuedl
Supporting
the
cgmeteries
2022
Total
funds
2022
Staff costs
49,700
17.816
24, 771
1,050
1,361
3.114
4,394
18.180
49, 700
17,816
24, 771
1,050
1,361
3,114
4,394
18,180
23,980
Depreciation
Insuran
Professional fee
Bank Charges
General expenses
Office expenses
Governance costs
Accountancy
23,980
144,366
144,366
Governance costs a￿ comprised entirely of the audit fee for the year.
Auditors. remuneration
2023
2022
Fees payable lo the Charity's auditor for the audit and preparation of the
Charity's annual accounts
14,400
13. 734
Staff costs
2023
2022
Wages and salaries
Social security costs
Pension Costs
263,672
26,115
13,653
264.215
24,371
5,880
303,440
294.466
Page 25

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Staff costs {contlnued}
The average number of persons employed by the Charity during the year was as follows..
2023
No.
2022
No.
Employees
11
No employee re￿iVed remuneration amounting to more than £60,000 in either year.
Remuneration of key management personnel..
The Executive Secretary has been deemed as key management personnel and earned a salary in the
year of £53,350
10. Net gainslllossesl on investments
2023
2022
Revaluation of investments
223,591
(428,872)
(494,037)
Gainlllossl on sale of investments
223,591
(922.909)
11.
Trustees. remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefits (2022- £NIL).
During the year ended 31 December 2023, no Trustee expenses have been incurred (2022- £NILJ.
12. Tangible fixed assets
Freehold
property
Plant and
machinery Cemeteries
Total
Cost or valuatlon
At 1 January 2023
1,320,191
100,156
2,400,266
3,820,613
At 31 December 2023
1,320.191
100,156
2.400,266
3.820,613
Page 26

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12. Tanglble flxed assets Icontlnuedl
Freehold
property
Plant and
machlnery Cemeterles
Total
Depreciation
At 1 January 2023
Charge for the year
52,430
6,000
89,966
2,497
406,951
13,300
549,347
21,797
At 31 December 2023
58.430
92,463
420,251
571,144
Net book value
At 31 December 2023
1,261,761
7,693
1,980,015
3,249,469
At 31 De￿rnber 2022
1,267. 761
10.190
1.993,315
3.2TI,266
13. Investment property
Freehold
investment
property
Valuatlon
At 1 January 2023
5,500,000
At 31 December 2023
5.500,000
The fair value of the propety that comprises the largest part of investment property as at 1 January
2019 was arrived at initially on the basis of a valuation carried out on 7 May 2013 by a firm of RICS
Registered valuers (who were not connected with the charity). The valuation was made on an open
market value basis by referen￿ lo market evidence of transaction prices for similar properties. The
Trustees subsequently reviewed this valuation al 31 December 2018 . In addition, the balance of the
investment propety was also revalued by the Iruslees as al that date giving a total of £4,814,307. The
Trustees have further reviewed the investment propety Portfolio and in their opinion there has a been a
further increase in value of £800,000 in respect of the year ended 31 December 2020. The Trustees
consider that certain of the investment properties have been subject to a decline in value as al 31
December 2022 and accordingly the market value of the investment, properties has been reduced by
£78,589 as of that date. For the year ended 31 December 2023, The Trustees have assessed the value
of these investments and deem that there has been no material change in value.
If the investment property had not been revalued, the historical cost of the property would be £1,001,363.
Page 27

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. Herltage assets
Stslned
glass
wlndows
2023
Torah Sllverware
scrolls
etc.
2023
2023
Total
2023
At 1 January 2023
200,000
135,000
276,173
611,173
At 31 December 2023
200,000
135,000
276,173
611.173
The charity has for many years held assets of historical and cultural Importan￿ as The Western
Judaica Collection. These assets comprise scrolls, silverware, artwork and other artefacls.A pair
of rimonim (Torah finials} are on loan to The Westem Marble Arch Synagogue as of 31 December 2023.
These assets are considered lo be heritsge assets.
The valuation of silverware, artwork and other artefacts was based on an open market valuation of
these assets from third party valuers p￿-1995 who were not connected with the charity. As
explained in note 1.8, the Trustees are of the opinion that the cost of undertaking professional
valuations is not justifiable by the usefulness of the information lo the users of the accounts,
especially as these assets are unlikely lo be disposed of. The scrolls have been based on a
trustee valuation. The stained glass windows are also at Trustees, valuation. The Trustees are not
aware of any other material changes to these heritage assets since the last valuation.
Page 28

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15.
Flxed asset Investments
Listed
investments
Cash on
portfolio
Totsl
Cost or valuation
At 1 January 2023
Additions
Disposals
Revaluations
4.708,342
112.260
136,913
4.845,255
112.260
1133,9721
116,9641
1133,9721
(16,9641
At 31 December 2023
4.803,638
2,941
4.806,579
Net book value
At 31 December 2023
4,803,638
2,941
4,806,579
At 31 De￿mber 2022
4. 708,342
136, 913
4,845,255
16. Debtors
2023
2022
Due after morg than one year
Trade debtors
60,000
60,000
Due within one year
Trade debtors
287,246
1,445
270,227
61,240
other debtors
Called up share capitsl not paid
Prepayments and acctued income
VAT recoverable
3,485
29,500
3,487
27,350
381,675
362.304
Page 29

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Credltors: Amounts falllng due wlthln one year
2023
2022
Bank overdrafts
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
6,253
79,854
15,071
233,354
70,634
6.253
47,140
252.989
73.206
405,166
379,588
18.
Creditors: Amounts falling due after more than one year
2023
2022
Other creditors
412,916
412,916
19.
Provisions
Provisions
for funeral
costs
At 1 January 2023
4.189.000
4.189,000
20. Summary offunds
Summary offunds - current year
Balance at
31
Gainsl December
{Lossesl
2023
Balance at 1
January
2023
Income Expenditure
General funds
11.440,878
1,252.202 {1.549,1891
97,660 11,241.551
Page 30

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
20. Summary of funds Icontlnuedl
Summary offunds - prlor year
Balance at
31
December
2022
Balance at
f January
2022
Gainsl
(Losses)
Income Expenditure
General funds
12,803,855
1,234.016 (1,674,084J
(922,909) 11,440.878
21. Analysls of net assets between funds
Anatysls of net assets between funds - current year
Unrestrlcted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Investment propety
Heritage assets
Debtors due after more than one year
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
3,249,469
3,249,469
4,806,579
4,806,579
5,500,000
5,500.000
611,173
611.173
60,000
60.000
2,021,412
2,021,412
1405,1661
(405.1661
1412,9161
(412.9161
14,189,000) 14,189,000)
Totsl
11,241,551 11,241.551
Page 31

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
21. Analysls of net assets between funds {contlnuedl
Analysls of net assets between funds - prlor year
Restricted
funds - class Unrestricted
funds
2022
Total
funds
2022
2022
Tangible fixed assets
Fixed asset investments
3,271,266
3,271,266
4,848,225
4,848,225
5.500, 000
5, 500.000
611,173
611.173
2,191,718
2, 191, 718
(379, 588)
(379,588)
(412,916)
(412.916)
(4, 189, 000) (4, 189,000)
Investment propety
Heritage assets
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
Total
11,440, 878 11,440,878
22.
Reconciliation of net movement in funds to net cash flow from operating activities
2023
2022
Nel expenditure for the year las per Statement of Financial Activitiesl
1199,3271 (1,362,977)
Adjustmonts for:
Investment income recognised in statement of financial activities
IGainllloss on revaluation of tangible fixed assets
IGainllloss on disposal of investments
Fair value gains and losses on investment
Depreciation and impairment of tsngible fixed assets
Increase in debtors
Increase in creditors
Increase in provision
1462,6931
28,182
(324, 198)
572,626
350.283
17,816
(349,542)
29.013
194,977
14,600
21,797
18,8451
15,054
Net cash used in operating activities
1591,2321
(872,002)
Page 32

THE WESTERN CHARITABLE FOUNDATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
23. Analysls of cash and cash equlvalents
2023
2022
Cash in hand
1.699,737
1, 829.414
Total cash and cash equivalents
1.699,737
1, 829.414
24. Anatysls ofchanges In net debt
At1
January
2023 Cash flows
At31
December
2023
Cash al bank and in hand
Bank overdrafts repayable on demand
1.829,414
16,2531
{129.6771
1,699.737
{6,2531
1.823,161
{129.6771
1,693.484
25. Related party transactlons
The Foundation has given a loan of £60,000 lo The Westem Marble Arch Synagogue during the year free
of any interest. The Western Charitsble Foundation also provided donations of £379,225 12021..
£503,673> during the year.
Page 33