REGISTERED COMPANY NUMBEIL. 08410802 (England and Wales)
REGISTERED CHARITY NUMBER: 1152603
Reportof the Trnstees
FinaneiAI Ststements for the Year Ended 29 FebruAry 2024 for
AsAte Ltd

Asats Ltd
Contents of the Finaneial Ststements
for the YeAr Ended 29 February 2024
Page
Report of the Tru5tee5
Independent Audltor'8 Report
Statèment of Fin2nel21 Atdvlties
BAlaDce Sheet
Cash Flow Statement
Note$ to the Flow St4tsment
Nots• to the Flnanclal StAtsments
10 to 16

Asydte Ltd
Report of the Trustees
for the Year Ended 29 February 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 29 February 2024. The trnstees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing ihcir
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ircland (FRS 102)
(effective l January 2019).
OwE￿1VEs AND ACTIVITIES
Objective9 And aims
The charity was fornied for the advancement of the education of persons expressing the orthodox Jewish faith. the
advan￿ment of th¢ orthodox J¢wish faith, and th¢ r¢lief of poverty in the orthodox Jewish community.
The eharity is also actively involved in raising funds for 8eneral education, and relief of poverty, and to this end made
substantial grants in the year under review.
Slgnltlcant aetlvltles
There were no significant activities to report.
Public benefit
The trustees confinn their cornpliancc with th¢ duty to hav¢ r¢gard to the Public Benefit guidance published by the Charity
Commission when reviewing the Charity's aims and objcctivcs in planning future activities.
GrantmAklng
Asatc Ltd has within it5 Articles of A&sociation thc ability to mak¢ donations.
Volunteeri
During the year, the charity did not have any voluntecrs to hclp with thc objcctive of the charity.
ACHIEVEMENT AND PERFORMANCE
Charitable aetivitles
Th¢ truSiC￿ consid¢r that th¢ perforniance of the charity this year has been most satisfactory. Substantial funds have been
granted to institutions during the period from contributions received from donors.
The Statement of Financial Activities shows a net surylus of £576,022 after making total grants of £224,990 and thc
reserves stand at £3,448,881.
Invutment performance
The trustees are currently satisfied with the investment perfomiance of the assets. The Company h&8 not expanded it$
a¢tivities during the Current year. bLLt is always looking at opportunities, the current investment propety Portfolio is
producing good results which enhances its ch￿Ilable a¢tiviti¢s,
Internal and externvdl factors
The ttustces have made a full assessment of the internal and extemal factors that may affect these financial statements
and do not deem any factors material enough to have an impacL
FINANCIAL REVIEW
Principal funding source5
Asat¢ Ltd is pl¢ased and fortLLnate to re¢eive donations from anumber of organi58tion5. Also through its investment policy
th¢ returns from th¢ investments have produced go￿ rental income.
Ovcrall th¢ ¢harity has experi¢n¢ed a good year and hopes it will continue to do so next year.
Investment pollcy and objectlves
Under the memorandum and articles of association, the charity has the power to mak¢ any invcstment, which the trustee5
see fit. The trustees have considered the most appropriate policy for investing funds and have found that investments in
property meets their requirements to generate both income and capital growth.
Page I

Asate Ltd
Report of the Trustees
for the Year Ended 29 February 2024
FINANCIAL REVIEW
Reserves polity
The charity does not maintain a reserve policy, as reserves are distributed when they become available. at the trustees,
discretion. The present level of funding is adequate to support the continuation of it5 objects and the lrnstees consider
the financial position of the charity to be satisfactory.
FUTURE PLANS
There ￿e no significant fijture developments to report.
STRucfuRE, GOVERNANCE AND MANAGEMENT
Coverning document
The ¢harity is controlled by ils governing documenl. the memorandum and articles of association. and ¢onstttut¢s a limited
company, limited by guarantce, as defined by the Companies Act 2006. the Charities Act 201 l and the Siatcment of
Recommended Practice, "AccoLLnting and Reporting by Charities" issued in March 2005. The company was fomicd on
20 February 2013. The charity is manag¢d and Controlled by the dir¢ctors who are the trustees, who meet regularly.
Recrultment And Appolntment of new trustee$
The trustees are appointed according to th¢ Articles of A￿o¢latiOn, It is not the intention of the charity to appoint any
new trustees. Should the situation chang¢ in the futur¢, thc trust¢¢s will apply suitable recruitment, induction and trainin8
Wider network
At present Asate Ltd does not ¢onsid¢r itsrlf part of a wider n¢tWOTk.
Risk m4nagement
The Iruslees hav¢ identifi¢d and r¢vi¢wed thc major risks to which thc ctwity is exposed. Both rnanual and automated
checks are regularly invoked, particularly thos¢ r¢lating to the operations and finance of the charity. The trustees arc
Satisfied that these systems and procedures mitigate any p¢￿e1Ved risks.
REFERENCE AND ADMINISTRATIVE DETAIIS
Reglstered Company ttumb¢r
08410802 (England and Wales)
ReRiStered Chydrlty number
1152603
Reglstered office
75 Maygrove Road
Wcst Hampstead
London NW6 2EG
Trustees
Mrs. S R Lisser
M Lisser
S E HeGkscher
Independent Audltor
Goldwins Limited
75 Maygrove Road
West Hampstead
London NW6 2EG
ApproveAI by order of th¢ b d of trustees on.... ....
..and signed on its behalf by:
M Lisser- TrLthe
Page 2

Independent Auditor's report to the trustees of Asgte Ltd
Opinion
We have audited the financial statements of Asal¢ Ltd for the year ended 29 February 2024 which Comprise the Statement of
Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102-. The Financial Reporting Standard applicable in the U,K and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
Oplnlon on flnanclal statements
In our opinion the financial statements..
give a true and fair vieiv of thc 5tatc of the charitablc company's affairs as at 29 February 2024 and of its ift¢ome
and expenditure for the year then ended:
have been properly prepared in accordance with United Kingdom Generally Ac¢ept¢d Accounling Practice. and
have been prepared in &c¢ordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and appli¢abl¢ law. Our
responsibilitie5 under th05C standards are turther described in thc Auditor's responsibilities for the audit of the financial
stal¢m¢nts section of our report. We are independent of the Charity in accordancc with th¢ ¢thical requirements that are
relevant lo our audit of the financial statements in the UK, including the FRC'5 Ethical Standard and we have fijlfilled our
other ethical responsibilitics in accordance with these requircmcnts. We believe that the audit evidcn¢e wc have obtained is
sufficient and appropriate to provide a basis for Oltr opinion.
Conclusloni relatlng to golDg ¢on¢ern
In auditing the financial statements. we have concluded that the trustees, usc of the goin8 concern basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have perfornied, we have not identified any material uncertainlics rclating to events or conditions that,
individually or collcctivcly, may cast significant doubt on the charity's ability to continue as a going concern for a period of
at least twelve months from when the fmancial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern ar¢ dcscribed in the relevant sections
of this report.
Other Information
The trnstees are responsible for the other infom)ation. The other inforn]ation comprises the inforniation included in the annual
report other than the financial statements and our auditor's report thcreon. Our opinion on the financial statements does not
cover the other infonnation and. except to the extent otherwise explicitly stated in our report, we do not express any forni of
assurance conclusion thereon.
In connection with our audit of the financial stalcments, our responsibility is to read the other infonnation and, in doing so.
consider whether the other infonnation is mat¢rially inconsistcnt wilh the financial statements or our knowledge obtained in
the audit or otherwise appears to be mat¢rially mi5Stat¢d. If we identify such material in¢onsisten¢ies or apparent material
rnisslalements we are required to dctern]ine whether there is a material misstatement in the financial statements or a rnatertal
rnisstatemcnt of the other inforniation. If, based on the work
we have perforn]ed, we conclude that there is a material misstatement of this othcr infomation, we are required to report that
fact.
Wc have nothing to report in this regard.
Page 3

Independent Auditor's report to the trustees of Asate Ltd
Opinion on other matter prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the inforniation given in the trustees. report (incorporating the directors, report) for the finaneial year for which the
finaneiai statements are prepared is consistent with the financial statements" and
the trustees, report (incorpornting the directors. report) has been prepared in accordance with applicable Icgal
r¢quirements.
Matters on whlch we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtsined in the course of the audit, we
have not id¢ntified material misswemenls in the Truslees. Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if,
in our opinion:
adequate accounting records have not been kept or returns adequate for our audit havc not bccn r￿c]Ved from
branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration sp¢cifi¢d by law are not made. or
we have not received all the inforn)ation and explanations we require for our audit.
Responsibilities of the truJtee$
As explained morc fully in the Trustees, Responsibilities Statement, the trustees (who are also the dIreC￿rS of the charitable
company for the purpos¢s of company law) arc 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 they detenninc is necessary to cnablc the
preparati(m of financial statements that arc fre¢ from material misstatcmcnt, whethw due to fraud or error.
In preparing the financial statements, the trnstees arc responsible for assessing the Charity's ability to continue &8 a going
concern, disclosin& 88 applicable. matters related to going concern and using the going concern basis of accounting unless
the trustees either intend lo liquldate the Charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audlt of the flnanclAI statements
Our objectives are to obtain reasonable assuran¢¢ about whether the financial Statemenls as a whole are frec from material
misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Re&8onable assurance
is a high level of as$uran¢e. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect
a material misstatement when it exists. Misstatemcnts can arise from fraud or error and arc considered material if. individually
or in the aggregat¢. they could reasonably be expected to influence the economic decisions of users taken on the basis of these
rinancial statements.
I￿¢SularitiCI in¢ludin8 fraud, are in5tance5 of non-complianc¢ with laws and regulations. W¢ design procedures in line with
our responsibilitie& outlined abov¢. to det￿t material misstatements in re5￿t of irregularitie& including fraud. The extent
to which our procedures are capable of detecting irregularities, including fraud are set out below.
Page 4

Independent Audltor's report to the trustees of Asate Ltd
In identifying and assessing risks of material misslatement in respect of irregularities, including fraud and non-compliance
with laws and regulations. our procedures included the following:
We enquired of management, which included obtaining and reviewing supporting do¢uTnentation, concerning the
charity's policies and procedures relating lo:
identifying, evaluating, and complying with laws and regulations and whether they were aware of any
instances of non-compliance.
Detecting and responding lo the risks of fraud and whether they have knowledge of any actual, suspected,
or alleged fraud.
The internal controls established to mitigate risks related to fraud or non-compliance with laws and
regulations.
We inspected the minutes of tneetings of those charged with governance.
We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those
laws and regulations that had a material effect on the financial statements or that had a fundamental etTect on the
operations of the charity from our piofessional and sector experience.
We reviewed the financial statement disclosures and test¢d th¢s¢ to supporting documentation to assess compliance
with applicable laws and regulations.
We p¢rforn¢d analyti¢al procedures to identify any unusual or unexpeeted relationships that may indicate risks of
mal¢rial misstaternent due to fraud.
In addr¥s5ing the risk of fraud through management override of controls. we tested the appropriatcness of journal
¢ntries and other adjustments, aS￿SSed whether the judgements madc in making accounting cstimates arc indicative
of a potcntial bia5 and t¢st¢d significant transactions that are unusual or those outsid¢ the nomal course of business.
A further description of our responsibilities for thc audit of th¢ financial statements 15 located on the Financial Reporting
Councils website at: [www.frc.org.uklauditor5re5ponsibilitieb]. This description form5 part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members. &8 a body. in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's member5 those matters we
are required to state to them in an auditor's report and for no other purpose. To the ￿lIest extent perniitted by law, we do not
accept or assume responsibility to anyone other than the charity and the charity's members as a body. for our audit work, for
this report, or for the opinions we have fonned.
Anthony Epton (Senior Statutory Audltor)
for and on behalf of
Gtsldwln8 Llmited
Statutory Auditor
Chartered Accountants
75 Maygrove Road
West HAmpstsad
London NW6 2EG
16 December 2024
Page 5

Asate Ltd (Including Income and Expenditure Account)
Statementof FinaneiAI Aetivldes
for thè Yegr Ended 29 February 2024
292.24
Unr*icted
fimds Total fuThd5
28.2.23
Notes
INCOME AND ENDOWME]Yrs FROM
Donations and l¢wi¢s
775.191
420.210
Investment income
96.570
64,499
Total
871,761
484.709
EXPENDITURE ON
Raising fimds
67,023
31,002
Charftsble activities
Donations
224,990
172,548
3,726
1.996
Total
295,739
205.546
Net gAln8 on Investments
106,708
NET INCOME
682,730
279,613
Net Movement in funds
682,730
279.613
RECONCILIATION OF FUNDS
Totsl funds brought forward
2,766,151
2.486,988
TqyfAL FUNDS CARRIED FORWARD
3,448,881
2,766,151
Page 6

Asate Ltd
Balance Sheet
As at 29 February 2024
29.2.24
28.2.23
Unrestricted
fl￿dS
Total funds
Notes
FIXED ASSETS
Inv¢stmcnts
Investment property
io
1.606,708
2,465.009
2,202,778
4,071,717
2,202.778
CURREIYT ASSETS
Debtors
Cash at bank
12
12,784
341,806
1,283,490
354,590
1283.490
CREDITORS
Amounts falling due within one year
13
(243,OIXI)
(4,685)
NET CURRENT ASSETS
111,590
1,278,805
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,183,307
3,481.583
CREDITORS
Amounts falling duc aftcr more than one year
14
(734,426)
(715,432)
ET ASSETS
3,448,881
2,766,151
FUNDS
UnrG8tri¢ted fifftds
16
3,448,881
2,766,151
TOTAL FUNDS
3,448,881
2,766.151
The financial statements have been prepared in accordancc with the special provisions for small cornpanics undcr PartLS
of the Companies Act 2006.
The fin
n¢ial
latements were approved by the Board of Trustees and authorised for issue
..and were signed on ils behalf by:
M Lisscr- Tnlstee
Page 7

Asate Ltd
Cash Flow Statement
for the Year Ended 29 February 2024
29.2.24
28.2.23
Notes
Cash flows from operating activitles
Cash generated from operations
793,244
281.345
Net cash provided by opKrating activiti¢s
793244
281.345
Cash flows from investlng 8ctivltt¢$
Purchase of fixed asset investments
Purchase of investment propety
Int¢r¢sr re￿IVed
Dividends received
(1,500.000)
{262231)
14,919
12,384
(2,940)
703
Net cash used in investing activities
(1.734.928)
(1237)
Chgnge In tash and ea$b eqUiVAlents In
the reporting period
Cash and cash equlvthnts at the
beglnnlngof the reportlng perlod
(911,684)
279,108
1,283,490
I,(NM,382
C4sb c4sh equlvYdleDts at the end of
the reportlDg period
341,806
1,283.490
Page 8

Asate Ltd
Notes to the C*sh Flow Statement
for the Year Ended 29 February 2024
RICONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITILS
29.2.24
28.2.23
Net Ineome for the reporting period per the Statsment of Financial
Activities)
Adjustments for:
Interest received
Dividends received
Incrcase in debtors
Increase in Creditors
576,022
279,163
(14.919)
(l2,3841
(12,7841
257,309
(703)
2,885
Net ea$h provld¢d by operatlo
793,244
281,345
ANALYSIS OF CHANGES IN NET FUNDSI(DEBT)
At 113123
Cash flow
At 2912124
Net ¢aJh
Cash at bank
1.283,490
(941,684)
341,806
1.283.490
(941,684)
341,806
Debt
Dcbts falling due after l ycar
(715,432)
(18,994)
(734,426)
(715.432)
(18,994)
(734,426)
Tot•1
568.058
(960,678)
(392,620)
The notes fonn part of these financial statements
Pagc 9

Asate Ltd
Notes to the Financial Statements
for the Year Ended 29 February 2024
ACCOUNTING POLICIES
Basis of preparing the finanelal statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, havc been
prepared in accordance with the Charities SORP (FRS 102) 'Aecounting and Reporting by Charities: Statement
of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention. with the
exception of inve*m¢nts which are included at market valu4 as modified by the revaluation of certain assets.
Income
All incornc is r¢¢ogniscd in th¢ Stat¢ment of Financial AGtivilies onG¢ th¢ charity has entitlement to the funds it
is probable that thc inrom¢ will bc received and the amount can b¢ m¢asur¢d reltably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settl¢m¢nt and
th¢ amount of the obligation can be measured reliably. Expenditure is accounted for on an a￿rual8 basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot bc directly
attributed to particular headings they have been allocated to activities on a basis consistcnt with the usc of
rc50urces.
Grants offer¢d subject to conditions whith have not bccn mct at thc ycar end date are noted as a commitrnent but
not accrued as expenditu￿.
Invethent property
Inveslrnent propcrty is Sho￿ at most rccent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in the Statement of Financial Activities.
Taxatt(Jn
Th¢ charity is exempt from corporation tax on its Ch￿itable activities.
Fund aceoundng
Unr¢*ri¢t¢d funds Can be used in 8¢¢ordanee with the charitable obje¢tives at the disrtion of th¢ trnstee&
R¢stri¢led funds can only be used for particular restricted purposes within the objects of the charity. Restrirtions
ar1￿ when specified by the donor or when funds arc raised ftir particular restricted purposes.
Further explanation of thc nature and pury￿Se of cach filnd is included in the notes to the financial statement&
DONATIONS AND LEGACIES
29.2.24
28.2.23
Donations
775.191
420,210
Pagc 10

Asate Ltd
Notes to the Finxneithl St4tsments- continued
for the Year Ended 29 February 2024
INVESTMENT INCOME
29.2.24
28.2.23
Rents received
Other fixed asset invest- Fll
Deposit account interest
69.267
12,384
14,919
63,796
703
96,570
64.499
RAISING FUNDS
nvestment management ¢o$ts
29.2.24
282.23
Loan interest
Light and heat
Maintenance charge$
Rates and wat¢r
Insurance and 5Ecurity
62,079
21.972
937
2,35 I
1,301
4,441
2,325
2,619
67,023
31,002
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(sc¢ notc
6)
Donations
224,990
GRANTS PAYABLE
29.2.24
282.23
Donations
224,990
172,548
The total grants paid to instifvtions during the year was as follows:
29.2.24
28.2.23
Comet Chariti¢s Ltd
Donations less than £lO.000
Pardes Grarnmar School
28,360
79,788
87,479
40,125
Bels Yaakov Primary Sthool Foundation
TMC Trust Ltd
Beth Ja¢ob Grdrnm￿ School
14.400
50,OC(J
18,000
79,086
224.690
172.548
Page 11

Asate Ltd
Notss to the Flnanelal Statements- Continued
for the Year Ended 29 Febrnary 2024
SUPPORT COSTS
Management
Finance
Tota]s
Other resources expended
3,380
346
3,726
TRUSTEKSI REMUNERATION AND BENEFITS
There were no tNslees' remuneration or other benefits for the year ended 29 February 2024 nor for the year
ended 28 February 2023.
Tru$tees' ¢xpens¢$
There were no
28 February 2023.
trusttts, expcnscs paid for the year ended 29 February 2024 nor for the year ended
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unre5trictcd
funds
INCOME AND ENDOWMENTS FROM
Donation8 and legacies
420,210
Investment income
64,499
Total
484,709
EXPENDITURE ON
Raising fimds
31,002
Charitsble aetivities
Donations
172,548
1,996
Total
205,546
NET INCOME
279,163
RECONCILIATION OF FUNDS
Totsl funds brought forward
2,486,988
TOTAL FUIYDS CARIUED FORWARD
2,766.151
Page 12

As4ts Ltd
Notes to the Financial Statements- eontinued
for the Year Ended 29 Febrnary 2024
io.
FIXED ASSET INVESTME]YTS
Listed
investments
MARKET VALUE
Additions
Revaluations
1,500,0(KI
106,708
At 29 Febnw 2024
1,606,708
NET BOOK VALUE
At 29 February 2024
1.606,708
At 28 Febrnary 2023
There were no investment assets outside the UK.
Cost or valuation at 29 February 2024 is represented by:
Lxsted
Valuation in 2024
Cost
106,708
1,500,000
1,606,708
IIYVESTMENT PROPERTY
FAIR VALUE
At l March 2023
Additions
2,202,778
262,231
At 29 February 2024
2,465,009
NET BOOK VALUE
At 29 February 2024
2.465,009
At 28 February 2023
2,202,778
The trustees value the fair value of the investment properties at 29 Febnwy 2024 at £2.465,009.
Pagc 13

Asate Ltd
Iyotes to the Finaneial Ststsments- continued
for the Year Ended 29 February 2024
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24
28.2.23
Other debtors
Prepayments and accrued income
10,984
1,800
12.784
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24
28.2.23
Other ¢reditors & defentd income
181,086
59,934
1.980
1,085
Accrucd expense5
3,600
243,000
4,685
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24
28.2.23
Bank loans (see note 15)
734.426
715,432
LOANS
An analysis of the maturity of loans is given below:
29.2.24
28.2.23
Amounts falling due in more than five years:
Repayable otherwise than by instalments:
Bank l¢)ans more 5 yrs non-inst
734,426
715,432
16.
MOVEMENT IN FUNDS
Net
mov¢m¢nt
in funds
At 113123
At 2912124
Unrestrlcted funds
Gcncral fund
2.766.151
682,730
3,448,881
TOTAL FUNDS
2,766,151
682,730
3.448.881
Pag¢ 14

Asate Ltd
Noteg to the Finaneiai Ststements- eontinued
for the Year Ended 29 February 2024
16.
MOVEMENT IN FUNDS- continued
Net movement in fimds, Includ￿ An the above arc as follo
Inwming
Resources
expended
Gains and
losses
Movement
infiu
Unrestricted funds
Gcneral fund
871,761
(295,739)
106,708
682,730
TOTAL FUNDS
871,761
(295,739)
106,708
682,730
Comparailves for movement IA fund$
Net
movement
in funds
At113122
At 2812123
Unrejtrkted fvndi
G¢nerai fLmd
2,486,988
279,163
2,766,151
TOTAL FUNDS
2,486,988
279,163
2,766,15 I
Comparative net movement in fimth, included in th¢ above are as follows:
Incoming
r￿UrceS
Resources
expended
Movemenl
in fimds
Unrestrictsd funds
General fund
484,709
(205J46)
279,163
TOTAL FUNDS
484,709
(205,546)
279.163
A cllrre￿t year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At 113122
At 2912124
Unrestricted fun
General fund
2,486,988
961,893
3,448.881
TOTAL FUNDS
1486.988
961,893
3.448.881
Page 15

Asate Ltd
Detailed Statement of Financial Aetivltles
for the Year Ended 29 February 2024
16.
MOVEMEIYT IN FUNDS- contlnued
A current year 12 months and prior year 12 months combined net movement in funds, includcd in the above are
as follows:
Incoming
Resources
expended
Gains and
losses
Movement
in fimds
Unrestricted funds
General fimd
1,376,664
(501,285)
106,708
982,087
TOTAL FUNDS
1,376,664
(501,285)
106.708
982,087
17.
RELATED PARTY DISCLOSURES
Included in D¢)nations received during the year were receipts totalling £680,000 received from entities of which
M.Li5ser is a dircct•r and/or trnstee.
Page 16