2022-04-05-accounts

Contents		Pages
Report ofthe Trustees		I —4
Auditors' Report		5 —7
Statement ofFinancial Activities
Balance Sheet
Statement ofAccounting	Policies	10—11
Notes to the Accounts		12 —18

Registered	Registered	Charity	Number	212148
Accounting		Period		Year ended Sa April 2022
Address				Gresham House
				5 —7 St Paula Street
				Leeds
				LS1 2JG
Trustees				D SLyons Esq	—Honorary	Secretary
				M JFriedman Esq
				P D Mitchell Esq
				Mrs BLyons-Newman
				SM Jackson Esq
Property	Agents			Welbeck Asset	Management
				7-10Beaumont	Mews
				London
				WIG 6EB
				Robert Irving Burns Limited
				23/24 Margaret	Street
				London
				WIW 8LF
Investment		Advisors		Sarasin &Partners
				Juxon House
				100St.Paul's Churchyard
				London
				EC4M 8BU
Solicitors				Bevan Brittan
				Toronto Square	TFloor
				Toronto Street
				Leeds
				LSI 2HJ

				Permanent	General	Designated	Total	Total
			Notes	Endowment	Fund	Fund	2022	2021
				f	f	f	f
Income snd endowments
Income from Investments			2/3	11,789	87,206		98,995	112,366
Total Income snd eadowments				11,789	87206		98,995	112,366
Expenditure
Expenditure on raising funds			4		98,086		98,086	42,494
Expenditure on charitable	activities		15			143,408	143,408	128,479
Realised foreign currency	losses/(gains)			(12,813)	(21,760)	-	(34,573)	23,842
Total Expenditure				12813	76326	143,408	206,921	194,815
Net gains/(losses) oa invcstmcnts
Unrealised foreign currency gains/(losses)					1		I	I
Realised gains/(losses) on	investments				39,430		39,430	33,581
Unrealised gains/(losses)	on investments			10754	99,231		109,985	307,206
				10,754	138,662		149,416	340,788
Net income/(cxpenditurc)				35,356	149,542	143,408	41,490	258339
Transfers between funds				(24,602)	(137,126)	161,728
Net Movcmeat in Funds				10,754	12,416	18,320	41,490	258,339
Reconciliation offunds
Fund balances brought forward		at 6th April 2021		395,174	3,058,431	143,081	3,596,686	3,338,347
Fund balances carried forward at 5th Apnl 2022				405,928	3,070847	161,401	3,638,176	3,596,686

			Permaaeat	General	Iscsignatcd	Total
			Endowment	Fund	Fuad	2021
income and eadowmcnts
Income tiom Investments			12,764	99,602		112,366
Uonauons snd Lcgacics
Total lacome aod eadowmcnts			12,764	99602		112 366
Expeaditurc
Expenditure on raismg funds				42,494		42,494
Expenditure on chantable	activities				128,479	128,479
Realised foreign currency	(gains)/losses		8,043	15,799		23,842
Total Expcaditare			8 043	58 93	128479	194815
Nct gains/(losssn) on iavcstments
Unrealued foreign currency gams/(losses)				I		I
Rcahscd gams/Rosser) on	invcstrucnts			33,581		33,581
Unrealtsed gmns/Uosscs)	on investments		84 304	222 902		307 206
			84,304	256,484		340,788
Nct lacolllc/(cxpcaditili'c)			89025	297 793	128479	258 339
Transfers between funds			(4,721)	(92,382)	97,103
Net Movemcat in Fends				205 411	31 376	258 339
Reconciliation offonda
Fund balances brought forward		at 6th Apnl 2020	310,870	2,853,020	174,457	3,338,347
Fund balances earned forward		at 5th Aprd 2021	395,174	3,058,431	143,081	3,596686

2	Income from	lavestments	lavestments	lavestments
								2022		2021
								f		f
	Rents received	gross						68,000		75,764
	Quoted stocks	and shares						30,969		36,555
	Bank Interest							26		47
								98,995		112,366
3	Detailed Property Income and				Expenditure	Accoant
								2022		2021
								f	f	f
	Rents Receivable
	22 Pembridge	Road, London Wl			I			68,000		75,764
	Repairs, refurbishments		and sundries				59,020		1,264
	Agents' commission						2,856		2,557
	Insurance (net)						1,078		594
	Legal Fees						5,091		3,420
	Council Tax Valuation Fees						2,069		~1000
								70,114
	Nct Rents Receivable									66,929
4	Expcnditurc on raisiag			fuads				2022		2021
								f
	Property rental	costs (Note 3)						70,114		8,835
	Management and administration				casts (Note 16)			27,972		33,659
								98,086		42,494
5	Total Resources Expended
	Total resources	expended		are stated ader charging:
								2022		2021
										f
	Auditors' remuneration							1,380		1,308
	The Auditors' remuneration			relates entirely to		the year	end audtt.

Fixed Asset Investmeats
Market Value	Freehold	Quoted
	Property	Investmeats	Total
		f
6th April 2021	2,350,000	1,156,251	3,506,25 1
Disposals		(80,000)	(80,000)
Unrealised gains/(losses)	117,500	(7,515)	109,985
Realised gains/(losses)		39,430
Market value at 5th April 2022	2 467 500	I 108 166	3,575,666

Financial	instruments
			2022	2021
			f	f
Financial	Assets
General Fund			665,763	757,319
Permanent	Endowment	Fund	457,126	433,652
Designated	Fund		161,401	143,081
Financial	LiabiTities
General Fund			62,416	48,888
Permanent	Endowment	Fund	51,198	38,478
Designated	Fund
			113,614	87,366

8	Debtors						2022	2021f
	Debtors, prepayments			and accrued income			58,490	60,070
9	Creditors						2022	2021
							f	I
	Creditors	and	accruals				62 416
10	Aaalysis	ofNet Assets		betweea Fuads
					Permaaeat	General	Designated	Total
					Endowmeat f	Fuad 8	Fuad 8	Fundsf
	Fund balances		at 5th April 2022 are
	represented	by:
	Invmtment	Assets			435,811	3,023,575	116,280	3,575,666
	Debtors					58,490		58,490
	Due to General		Fund horn Permanent		(51,198)	51,198
	Cash				21,315		45,121	66,436
	Creditors
					405 928	3 070847	161401	3 638 176
					Pcrmaacnt	General	Dcsignatcd	Total
					Endowmeat	Fund	Faad	Fuads
							I
	Fund balances		at 5th April 2021 are
	represented	by:
	Investment	Assets			425,057	3,008,771	72,423	3,506,25 I
	Debtors					60,070		60,070
	Due to General		Fund I'rom Permanent		(38,4781	38,478
	Cash				8,595		70,658	79,253
	Crolitots
					395,174	3,058,431

Designated Fund
			2022	2021
				f
Cal Performances ($20,000)			15,264	14,383
Calgary Philharmonic Orchestra-	iMorningside	Music Bridge Program ($10,000)	7,632	7,191
Holocaust Survivors' Friendship	Association		3,000	3,000
Israeli Opera ($20,000)			15,264	7,191
Jerusalem Foundation ($40,000)			30,529	28,764
Jerusalem Foundation Film Scholarship ($25,000)				17,978
Jerusalem Academy ofMusic dr	Dance ($30,000)		22,896	21,574
Jewish Music Institute			7,500	7,500
Leeds Piano Competition			10,000	10,000
Royal Academy ofMusic			20,000
Rubinstein International Mustc Society ($5,000)			3,816
UKLFI Charitable Trust			7,500	7,500
Wigmore Hall Trust				18,000
			161,401	143,081

Charitable Donatioaa
								2022	2021
								8
Banty Ceatre - Music and Dance (C$30,000)						Dcslgllated	Fllild		18,038
Cal Performances ($20,000)						Designated	Fund	15,569	14,523
Calgary Philharmonic Orchestra		- Momingside		Music Budge Program ($10,000)		Designated	Fund	7,785	2,960
Calgary Pro Musica (C$5,000)						Designated	Fund		2,960
Holocaust Survivors Fneadship		Association				Designated	Fund	3,000	3,000
Israeli Opera ($10,000)						Desigmted	Fund	7,227
Jerusalem Academy ofMusic and			Dance ($30,000)			Designated	Fund	22,371	23,685
Jerusalem Foundation -	Rachel	Karwan Chdd		Development	Centre ($40,000)	Designated	Fund	29,828	32,539
Jerusalem Foundation -	Film Scholarship ($25,000)					Destgnated	Fund	18,628
Jewish Music Institute						Designated	Fund	7,500	7,500
Rubmstem latcrnational	Music	Society ($5,000)				Dcslgtwtcd	Flllld		3,774
The Leeds International	Piano Competition					Designated	Fund	10,000
UKLFI Charitable Trust						Designated	Fu id	7,500	7,500
Wigmore Hall Trust						Designated	Fund	14,000	12,000
								143,408	128,479
ihlanagcmcnt and Administratioa			Costs
								2022	2021
									f
Accountancy and admmistrauon								26,844	31,536
Bank charges									I
Audit								888	1,805
Investment Management	Fees							240	317
								27,972	33,659