## 

|`Legatandadministrativeinformation`||
|---|---|
|`Trustees’report`||
|`independentauditors’report`||
|`Statementoffinancialactivities`||
|`Balancesheet`||
|`Statementofcashflows`||
|`Notestothefinancialstatements`|`18`<br>`-29`|





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||`Note`|`2023`|`2022`|
|---|---|---|---|
|||`$°000`|`$’000`|
|`Incomefrom:`||||
|`Investments`|<br>`2`|<br>`981`|<br>`726`|
|`Total`|<br>|<br> <br>`981`|<br> <br>`726`|
|`Expenditureon:`||||
|`Raisingfunds:`||||
|`Investmentmanagement`||`1,129`|`715`|
|`Charitableactivities`|`3`|`6,012`|`6,615`|
|`Totalexpenditure`|<br>|<br> <br>`7,141`|<br> <br>`7,330`|
|`Netexpenditurefortheyearbeforeinvestmentgains`||`(6,160)`|`(6,604)`|
|`Netgains/ (losses)oninvestments`|`7`|`16,300`|`(18,501)`|
|`Netincomeandnetmovementinfunds`|<br>|<br> <br>`10,140`|<br> <br>`(25,105)_ `|
|`Reconciliationoffunds:`||||
|`Totalfundsbroughtforward`||`94,386`|`119,491`|
|`Totalfundscarriedforward`|<br>`16`<br>|<br>`104,526`<br>|<br>`94,386`<br>|





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|||`2023`||`2022`||
|---|---|---|---|---|---|
||`Note`|`$7000`|`$7000`|`$000`|`$’000`|
|`Fixedasset`||||||
|`Tangibleassets`|`8`||`-`||`-`|
|`Investments`|`9`||`103,890`||`100,141`|
|`Programmerelatedinvestment`|`10`||`3,041`||`3,041`|
||||`106,931`||`103,182`|
|`Currentassets`||||||
|`Debtors`|`11`|`62`||`37`||
|`Cashatbankandinhand`||`7,700`||`2,799`||
|||`7,762`||`2,836`||
|`Creditors:amountsfallingduewithin`||||||
|`oneyear`|`12`|`(7,974)`||`(8,814)`||
|`Netcurrentassets/ (liabilities)`|||`188`||`(5,978)`|
|`Totalassetslesscurrentliabilities`|||`107,119`||`97,204`|
|`Creditors:amountsfallingdueinmore`||||||
|`thanoneyear`|`13`||`(2,593)`||`(2,818)`|
|`Netassets`|||`104,526`||`94,386`|
|`Funds`||||||
|`Incomeandendowmentfunds`|`14`||`104,526`||`94,386`|
|`Totalfunds`|||`104,526`||`94,386`|





## 

||`Note`|`2023`<br>`$7000`|`2022`<br>`$’000`|
|---|---|---|---|
|`Cashflowsfromoperatingactivities`<br>`Netcash usedinoperatingactivities`|`16`<br>|<br>`(8,528)`|<br>`(7,332)`|
|`Cashflowsfrominvestingactivities`<br>`Dividendsandinterestfrominvestments`<br>`Proceedsfromthesaleofinvestments`<br>`Purchaseofinvestments`<br>`Netcashprovidedbyinvestingactivities`|<br>|<br> <br>`981`<br>`17,870`<br>`(10,789)`<br>`8,062`|<br> <br>`726`<br>`19,981`<br>`(15,904)`<br>`4,803`|
|`Decreaseincashandcashequivalentsintheyear`<br>`Cashandcashequivalentsbroughtforward`<br>`Cashandcashequivalentscarriedforward`|`17`<br> <br>|<br>`(466)`<br>`15,668`<br>`15,202`<br>|<br>`(2,529)`<br>`18,197`<br>`15,668`<br>|
|`Thenotesonpages18to29formpartofthesefinancial`|`statements.`|||





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|`Tangiblefixedassetsarecarriedatcostless`<br>`towriteoffthecostoffixedassets,lesstheir`|`depreciation.Depreciationis`<br>`estimatedresidualvalue,over`|`providedatratescalculated`<br> <br>`theirexpectedusefullives`|
|---|---|---|
|`onthefollowingbases:`|||
|`Leaseholdimprovements`<br>`-`|`10%straightline(periodof`|`lease)`|
|`Fixtures& fittings`<br>`“`|`20%reducingbalance`||
|`Computerequipment`<br>`-`|`20%straightline`||





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|`Investmentincome`||||
|---|---|---|---|
||`2023`|`2022`||
||`$7000`|`$’000`||
|`incomefromlistedinvestments`<br>`Incomefromprivateequityinvestments`<br>`incomefrommanagedfunds`<br>`Bankandotherinterest- UK`|`417`<br>`1`<br>`3`<br>`560`|`372`<br>`211`<br>`143`|<br> <br>`-`<br>|
||<br>`981`<br>|<br>`726`<br>|<br> <br>|





## 

## 

|`3.`|`Expenditureoncharitableactivities`|`Expenditureoncharitableactivities`|||||
|---|---|---|---|---|---|---|
||||`Grantfunding`<br>`of`||`Total`||
||||`activities(note4)`|`Supportcosts`|`2023`||
||`2023`||`$7000`|`$’000`|`$’000`||
||`Community`||`1,055`|`137`|`1,192`||
||`Education`||`1,158`|`232`|`1,390`||
||`Pathways`|`toSelf-Sufficiency`|`1,309`|`177`|`1,486`||
||`Medical`|`Advancement`|`-`|`-`|`-`||
||`Welfare`||`1,699`|`222`|`1,921`||
||`CultureandtheArts`||`20`|`3`|`23`||
||||<br> <br>`5,241`|<br> <br>`771`|<br> <br>`6,012`|<br> <br>|
||||`Grantfundingof`||`Total`||
||||`activities(note4)`|`Supportcosts`|`2022`||
||`2022`||`$000`|`$000`|`$000`||
||`Community`||`1,047`|`138`|`1,185`||
||`Education`||`1,065`|`141`|`1,206`||
||`Pathways`|`toSelf-Sufficiency`|`935`|`123`|`1,058`||
||`MedicalAdvancement`||`15`|`2`|`17`||
||`Welfare`||`2,182`|`367`|`3,149`||
||`CultureandtheArts`||`-`|`-`||`-`|
||||<br>`5,844`<br>|<br>`771`<br>|<br>`6,615`<br>|<br> <br>|



## 



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|`NOT`<br>`EQR`<br>|`ESTO   `<br> `THEYEARENDED31DECEMBER2023`<br> <br>|<br> <br>|<br>|
|---|---|---|---|
|`4`|`Grantsawardedintheyear`|`2023`<br>`$7000`|`2022`<br>`$°000`|
||`Community`<br>`BeitHalochem`<br>`EducatingforImpact`<br>`BeitIssieShapiro`<br>`Kesher- TheHomeforSpecialFamilies`<br>`TheJerusalemFoundation`<br>`TheCoalitionforHarediEmployment`<br>`Varioussmallanddiscretionarygrants<815,000`|<br> <br> <br>`=`<br>`-`<br>`-`<br>`-`<br>`4,055`<br>`-`<br>`-`<br>`1,055`|<br> <br> <br>`60`<br>`750`<br>`180`<br>`20`<br>`-`<br>`25`<br>`12`<br>`4,047`|
||`Education`<br>`Aluma-YoungPeopleforChange`<br>`BritishCouncil`<br>`JerusalemAcademyofMusicandDance`<br>`Leshem`<br>`OhelSarah`<br>`OpenUniversityofIsrael`<br>`TefahotYeshiva`<br>`YeshivatOhelShimon`<br>`YouthLeadChange-Aharal`<br>`Varioussmallanddiscretionarygrants<$15,000`<br>`CancelledGrant- RabbinseminarzuBerline.V.`|<br> <br>`-`<br>`720`<br>`-`<br>`450`<br>`-`<br>`:`<br>`-`<br>`60`<br>`550`<br>`5`<br>`(627)`<br>`4,158`|<br> <br>`150`<br>`-`<br>`15`<br>`-`<br>`500`<br>`300`<br>`100`<br>`-`<br>`-`<br>`-`<br>`:`<br>`1,065`|
||`PathwaystoSelf-Sufficiency`<br>`Be-Atzmi`<br>`JaffaInstitute`<br>`JDC/HarediEmploymentCoalition`<br>`Lishma360`<br>`Quantum`<br>`ShikumAcher`<br>`TheHarediInstituteforPublicAffairs`<br>`Yeladim`<br>`YoungBusinessLeadership`<br>`CancelledGrants- Milbat`|<br> <br> <br>`-`<br>`250`<br>`100`<br>`240`<br>`500`<br>`-`<br>`-`<br>`150`<br>`120`<br>`(51)`<br>`1,309`|<br> <br> <br>`200`<br>`-`<br>`-`<br>`-`<br>`-`<br>`185`<br>`550`<br>`-`<br>`-`<br>`-`<br>`935`|
||`MedicalAdvancement`<br>`ShaareZedekUK`|`-`<br> <br>|`15`<br> <br>|





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|`F`<br>|`TS`<br>`RTHEYEARENDED31DECEMBER2023`<br> <br> <br> <br> <br>|<br> <br>||
|---|---|---|---|
|`4`|<br> <br> <br>`Grantsawardedintheyear(continued)`|<br> <br>  <br>|<br>|
||<br>`Welfare`<br>`AmericanJDC`<br>`BatMelech`<br>`BeitIssieShapiro`<br>`BILY`<br>`-BayitlekolYeled`<br>`-A HomeforEveryChild`<br>`Eitan- EverybodyCan`<br>`IsraelTraumaCoalition`<br>`JewishAgencyforIsrael`<br>`Leket`<br>`Mosaica,Religion,SocietyandState`<br>`NATAL`<br>`Quantum`<br>`Shalva`<br>`TheCoalitionforHarediEmployment`<br>`TheGarage(AmutahDarom)`<br>`TheJerusalemHillsTherapeuticCenters`<br>`ThePaulBaerwaldSchoolforSocialWorkandSocialWelfare,`<br>`TheHebrewUniversityofJerusalem`<br>`ThePublicForum`<br>`TikvaUK`<br>`WorldJewishRelief`<br>`WusteTzega`<br>`YadSarah`<br>`Yeladim`<br>`Varioussmallanddiscretionarygrants<$15,000`<br>`CultureandtheArts`<br>`NationalLibraryofIsrael`|<br>  <br>`2023`<br>`$7000`<br>`25`<br>`548`<br>`50`<br>`180`<br>`-`<br>`16`<br>`50`<br>`100`<br>`91`<br>`25`<br>`100`<br>`50`<br>`20`<br>`54`<br>`30`<br>`-`<br>`100`<br>`100`<br>`-`<br>`25`<br>`50`<br>`50`<br>`35`<br>`1,699`|<br> <br>`2022`<br>`$’000`<br>`-`<br>`-`<br>`1,500`<br>`-`<br>`60`<br>`-`<br>`-`<br>`-`<br>`-`<br>`-`<br>`-`<br>`-`<br>`-`<br>`-`<br>`-`<br>`750`<br>`-`<br>`100`<br>`352`<br>`-`<br>`-`<br>`-`<br>`21`<br>`2,783`|
||<br> <br>`Total(note3)`|<br> <br>`20`|<br>`-`|
|||<br> <br>`5,241`<br>|<br>`5,844`<br>|





## 

## 

||`2023`|`2022`|
|---|---|---|
||`$’000`|`$’000`|
|`Wagesandsalaries`|`326`|`325`|
|`Socialsecuritycosts`|`49`|`48`|
|`Pensionandinsurancecontributions`|<br>`39`|<br>`35`|
||<br>`414`<br>|<br>`408`<br>|




||`2023`|`2022`|
|---|---|---|
||`No.`|`No.`|
|`Administrative`|`2`|`2`|
|`Grantmanagement`|<br>`3`|<br>`4`|
||<br>`5`<br>|<br>`6`<br>|



|`Administrative`|`Administrative`|`0.3`|`0.4`||
|---|---|---|---|---|
|`Grant`|<br>`management`|`2.2`|`2.3`||
|||<br>`2.5`<br>|<br>`2.7`<br>|<br> <br>|
|`The`|`numberofhigherpaidemployeesbytheFoundationwas:`||||
|||`2023`|`2022`||
|||`No`|`No`||
|`Inthe`|`band$84,704-$96,805`|`1`|`1`||
|`Inthe`|`band$101,850-§114,580`|`1`||`-`|





## 

## 

|`6.`|`Netincome`||||||||
|---|---|---|---|---|---|---|---|---|
||`Thisisstatedaftercharging:`||||||||
|||||||`2023`||`2022`|
|||||||`$7000`||`$’000`|
||`Auditors’remuneration(excludingVAT)`||||||||
||`-`<br>`Auditservices`|||||`34`||`24`|
||`-`<br>`Accountancyservices`|||||`-`||`11`|
||`Operatingleases—landand`|`buildings`||||`57`||`59`|
||`Netgains/ (losses)oninvestments`||||||||
|||||||`2023`||`2022`|
|||||||`$’000`||`$’000`|
||`Netgains/ (losses)onrevaluationoffixedasset`|||`investments(note`|`9)`|`16,198`||`(18,160)`|
||`Foreignexchangedifferences`|||||`102`||`(341)`|
||||||<br>|<br> <br>`16,300`|<br>|<br> <br>`(18,501)`|
||`Tangiblefixedassets`||||||||
|||||`Leasehold`|`Fixtures& `|`Computer`|||
|||||`improvements`|`fittings`|`equipment`||`Total`|
|||||`$7000`|`$’000`|`$7000`||`$7000`|
||`Cost`||||||||
||`At31December2022and31`|`December`|`2023`<br>|<br>`5`|<br>`2`||<br>`5`|<br>`12`|
||`Depreciation`||||||||
||`At 31December2022and31`|`December`|`2023`<br>|<br>`5`|<br>`2`||<br>`5`|<br>`12`|
||`Netbookvalue`||||||||
||`At31December2022and31`|`December`|`2023`<br>||||||
||`Fixedassetinvestments`||||||||
|||||||`2023`||`2022`|
|||||||`$7000`||`$’000`|
||`Marketvalueat1 Jan`|||||`100,141`||`125,789`|
||`Additionsatcost`|||||`10,789`||`15,904`|
||`Proceedsondisposal`|||||`(17,870)`||`(19,980)`|
||`Movementininvestmentcash`|||||`(5,368)`||`(3,412)`|
||`Netgains/ (losses)onrevaluation`|||||`16,198`||`(18,160)`|
||`Marketvalueat31December`|||||<br>`103,890`||<br>`100,141`|





## 

|`Investmentsheldatyearendcomprise:`|||
|---|---|---|
||`2023`|`2022`|
||`$’000`|`$000`|
|`Listedinvestments`<br>`PrivateEquityInvestments`<br>`ManagedFunds`<br>`Cashorcashequivalents`|<br>`32,687`<br>`9,562`<br>`54,139`<br>`7,902`<br>`103,890`<br>|<br>`29,487`<br>`8,765`<br>`49,020`<br>`12,869`<br>`100,141`<br>|



||`2023`|`2022`|
|---|---|---|
||`$000`|`$’000`|
|`Prepayments`<br>`Accruedincome`|<br> <br>`26`<br>`36`<br>`62`|<br> <br>`20`<br>`17`<br>`37`|
|`Creditors:Amountsfallingduewithinoneyear`|||
||`2023`|`2022`|
||`$7000`|`$’000`|
|`AmountsowedtoTheMauriceWohlCharitableFoundation`<br>`Accrualsandsundrycreditors`<br>`Accrualsforgrantspayable`|<br> <br>`351`<br>`99`<br>`7,124`<br>`7,574`|<br> <br>`351`<br>`89`<br>`8,374`<br>`8,814`|



|`Creditors: `|`Amount`|`sfallingdueaftermorethanone`|`year`||
|---|---|---|---|---|
||||`2023`|`2022`|
||||`$7000`|`$’000`|
|`Accrualsfor`|`grants`|`payable`|`2,093`<br>|`2,818`<br>|





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||||`2023`|`2022`|
|---|---|---|---|---|
||`Amounts`|`payable:`|`$7000`|`$’000`|
||`Within`<br>`1`<br>`Between`|`year`<br> <br>`1and5 years`|`30`<br>`-`|`56`<br>`28`|
||||<br> <br>`30`|<br> <br>`84`|
|`16.`|`Reconciliationofnetmovementinfundstonetcash`||`flowfromOperatingactivities`||



|||`2023`|`2022`|
|---|---|---|---|
|||`$’000`|`$’000`|
||`Netincome/(expenditure)`<br>`fortheyear(asperStatement`<br>`of`<br>`FinancialActivities)`|`10,140`|`(25,105)`|
||`Adjustmentfor:`|||
||`(Gains)/Lossesoninvestments`<br>`Dividends,interestandrentsfrominvestments`<br>`(Increase)/decrease`<br>`indebtors`<br>`(Decrease)increase`<br>`increditors`<br>`Netcashusedinoperatingactivities`|<br> <br>`(16,198)`<br>`(981)`<br>`(24)`<br>`(1,465)`<br>`(8,528)`|<br> <br>`18,160`<br>`(727)`<br>`52`<br>`288`<br>`(7,332)`|
|`17.`|`Analysisofcashandcashequivalents`|||
|||`2023`|`2022`|
|||`$7000`|`$’000`|
||`Cashinhand`<br>`Cashbalancesheldininvestments(note9)`|`7,700`<br>`7,502`|`2,/99`<br>`12,869`|
|||<br>`15,202`<br>|<br>`15,668`<br>|
||`TheFoundationdoesnothaveanydebt.`|||





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