2022-12-31-accounts

	Page
Legalandadministrativeinformation	4
Trustees’report	2-9
Independentauditors’report	10-12
Statementoffinancialactivities	13
Balancesheet.	14
Statementofcashflows	15
Notestothefinancialstatements	16- 26

		Note	‘2022		2021
Incomefrom: investments Fatal		2	$000 , 726 726		$'000 593 §93
Expenditureon:
Raisingfunds: ‘Investmentmanagement Charitable.activities		- 3	715 6,645	|	_ 1,559 4,446
Totalexpenditure			7,330		6,005
Netexpenditurefor	theyearbeforeInvestmentgains		{6,604}		(5,412)
Net(losses)/-gains oninvestments Netincomeandnetmovementinfunds		7	(18,504) (25,105)		419,461 13,749
Reconciliationoffunds:
Totalfundsbrought Totalfundscarried	forward forward	. 45	119,491 94,386		105,742 119,491

		_	2622	2622		202%
	Note	$'c00			$'000	$000	$000
Fixedasset
Tangibleassets	&				-		-.
investments:	9				100,141		425,789
Programmerelatedinvestment	10				3,041		3,041
Currentassets					103,182:		128;830
Debtors	14		37			89
Cashafbank.andin-hand		2,799		|		1,916
,		2,836				2,005
Creditors:amountsfallingduewithin
oneyear	12,	(8,814)				(8,072)
Netcurrentliabilities					(5,978)		(6,067)
Totalassetslesscurrentliabilities					97,204		122,763.
Credifors:amountsfallingdueinmore
thanoneyear	13				(2,818)		(3,272)
Netassets					94,386		119,491
Funds:
Incomeandéndowmentfunds	14			.	$4,386		119,491	|
Totalfunds					94,386.		119,491

	Note	2022 $'000.	2021 $'000
Cashflowsfromoperatingactivities
Netcashusedinoperatingactivities	16	(7,332)	(5,388)
Cashflowsfrominvestingactivities
Dividendsandinterest frominvestments Proceedsfromthesaleofinvestments Purchaseofinvestments . Netcashprovidedbyinvestingactivities		726 19,981 (15,904) 4,803	593 29,979 (23,851) 6721
Increaseincashandcashequivalentsinthe.year Cashandcashequivalentsbroughtforward Cash-andcashequivalentscarriedforward	17	(2,529) 18,197 15,668	1,333 16,864. 18,197

2.	Investmentincome				.
		2022			2021
		$’000			$000
	Incomefromlistedinvestments	372			404
	{Incomeftomprivateequityinvestments	211			1
	Incomefrommanagedfunds.		-		182
	Bankandotherinterest- UK:	143		|	6
		726			593:

3.	Expenditureoncharitableactivities
		Grant
		fundingof
		‘activities		Support	Total	Total
	2022	(note4) $000		costs $006	2022 $’000	2021 $’000
	MedicalAdvancement	15		2	17	455
	Needypopulations	5,079		662	5,681	2,463
	improvingthequalityofJewishlife, ‘particularlyinEurope	810 5,844		107 774	917 6,615	1,528 4,446
		Grantfunding
		ofactivities			Total
		{note4)		Supportcosts.	2021
	2021 MedicalAdvancement	$000 375		$'000 80	$'000 455
	Needypopulations	2;031		432.	2,463
	ImprovingthequalityofJewishlife, particularlyinEurope	1,260		268	1,528
		3,666	—	780	4,446

4	Grantsawardedintheyear	2022 $'000	2021 $'000
	MedicalAdvancement ShaareZedekUK	18 45	375 375
	Needypopulations Aluma-YoungPeople forChange’ Be-Atzmi	450 200			- .
	BeitHalochemUK BeitIssieShapiro BethJacobTeachersInstitute Eitan- EverybodyCan ELEM	= 1,800 : 60 180	28 420		. - -
	Hinneni	-	45
	ITWorks JerusalemAcademyofMusicandDance. Kesher- TheHome forSpecialFamilies Ma‘agaleiShema	- 15 20 -	100 15		- -
	NATAL- IsraelTraumaCenterforVictimsofTerrorandWar OhelSarah ClimBeyahad OpenUniversityofIsrael ShikumAcher TahelCrisisCenter- Tech-Career’ TefahotYeshiva TheCoalitionforHaredi:Employment TheGarage(AmutahDarom) TheHarediInstituteforPublic-Affairs TheKemachFoundation ThePaulBaerwaldSchoo!forSocialWorkandSocialWelfare,	.- 500 - 300 185 - . 100 25 : 550 . 750	20 . 50 . . 25 350 - - 205 550 83 :
	TheHebrewUniversityofJerusalem ThePillarFoundation TikvaUK Woh!Synagogue WorldJewishRelief Varioussmallanddiscretionary.grants<$15,000	. 400. . 352 32 5,019	300 20 130 - 20 2,034
	Improving thequalityofJewishLife EducatingforImpact BeitHalochem.	250 60	250		-
	T.O.MBnei-AkivaInstituteforTorah& VocationalStudies: Variousdiscretionarygrants	: .	1,000 10
		810.	1,260
	Total{note3)	5,844	3,666

	2022	2021
	$7600	‘$000
Wagesandsalaries Socialsecuritycosts Pension.and.insurancecontributions	325 48 35	286. 31 27f
	408	344

	2022	2021
	No.	No.
Administrative Grantmanagement	2 4	2 3
	6	5:
Thefull-timeequivalentnumberofpersonsemployedbythéFoundationduringtheyearwasas-foltows;
Administrative Grantmanagement	0.4 2.3 2.7	0.5. 1.3 1.8
ThenumberofhigherpaidemployeesbytheFoundation-was:
	2022	2021
	No.	No.
Inthe-band$84,704-$96,805:	4	1

Thisisstatedaftercharging:
				2022	2021
				$000	$000
Depreciationoftangiblefixedassets Auditors’remuneration(excludingVAT)				-	4
~ Auditservices — -- Accountancyservices Operatingteases— landandbuildings				24 11 59	29 16 64
Net(losses)/ gainsoninvestments
				2022	2021
				$’000	$'000
Net(losses)/gainsonrevaluationoffixed.asset Foreignexchangedifferences	investments{note..9)			(18,160) (341)	19,201 {40)	.
				(18,501)	19,161
‘Tangiblefixedassets
	Leasehold	Fixtures&		Computer
Cost	improvements. $’000	fittings $'000		equipment. $000	Total =$000
At.31December2021and'31December2022	5		2	5	12
Depreciation
At31December2021ahd31Deceinber2022	5		2	5,	12
Netbookvalue
At'31December2021and31December2022	-		>	7	:
Fixed assetinvestments
				2022	2021
				$000	$'000
Marketvalueat1 Jan Additionsatcost Proceedsondisposal Movement ininvestmentcash Net(losses)/ (gains)onrevaluation ‘Marketvalueat31December				125,789 15,904. {19,980} (3,412) (18,160) 100,141	111,604 23,851 (29,979) 1,112 49,201 125,789.

Investmentsheldatyearendcomprtise:
	2022	2021
	$°000	-$'000
Listedinvestments PrivateEquityInvestments ManagedFunds	29,487 8,765 49,020	39,004 9,707 60,797
Cashorcashequivalents	12,869	16,281
	100,141	125,789

11.	Debtors
			2022 $'000	2024 $000
	Prepayments		20	20
	Accruedincome		17	69
			a	8g
12,	Creditors:	Amountsfailingduewithinoneyear
			2022 $'000.	2021 $7000
	AmountsowedtoTheMauriceWohlCharitableFoundation Accrualsandsundrycreditors Accrualsforgrantspayablé		351 89 8,374	433 132 7,507
			8,814	8,072

13.	Creditors:Amountsfallingdueaftermorethanoneyear
		2922	2021
		$060	$'000
	Accrualsforgrants:payable	2,818	3;272.

	Amountspayable:				2022 $000	2021 $'000
	Within1 year Between1 and5 years		.		‘56 28	63 94
					84	157
16.	Reconciliationofnet.movement	infundstonetcashflowfromoperating		activities
					2022	2021
					$000	$'000
	Netincomefortheyear(asper	Statementof
	FinancialActivities)			(25,105)		13,749
	Adjustmentfor:
	Depreciationcharges Losses/(Gains)oninvestments Dividends,interestandrentsfrom Decrease/(Increase)indebtors	_ investments		a 18,160 (727) §2		4 (19,201) (593) (65)
	Increase increditors			_	288	718
	Netcashusedinoperatingactivities			(7,332)		(5,388)
17.	Analysisofcashandcashequivalents
					2022 $7000	2022 $'000
	Cashinhand				2,799	1,916
	Cashbaiancesheldininvestments(note9)		.	12,869		16,281
				15,668		18,197