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|Contents||Pages|
|---|---|---|
|Report ofthe Trustees||1 —4|
|Independent
Examiner's|Report||
|Statement ofFinancial Activities|||
|Balance Sheet|||
|Statement ofAccounting|Policies|8 —9|
|Notes to the Accounts||10 —16|
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|Registered|Charity Number|212148|||
|---|---|---|---|---|
|Accounting|Period|Year ended 5a April 2023|||
|Address||Gresham
House|||
|||5 —7StPauls Street|||
|||Leeds|||
|||Ls 1 2JG|||
|Trustees||D SLyons Esq —Honorary||Secretary|
|||MJFriedman Esq|||
|||P D Mitchell Esq (retired 10October 2023)|||
|||Mrs BLyons-Newman|||
|||SM Jackson Esq|||
|||FW Beadle (appointed|10October 2023)||
|Property Agents||Welbeck Asset Management|||
|||7-10Beaumont Mews|||
|||London|||
|||WIG 6EB|||
|||Robert Irving Burns Limited|||
|||23/24 Margaret Street|||
|||London|||
|||Wlw 8LF|||
|Investment|Advisors|Sarasin gt Partners|||
|||Juxon House|||
|||100St. Paul's Churchyard|||
|||London|||
|||EC4M 8BU|||
|Solicitors||Bevan Brittan|||
|||Toronto Square 7a Floor|||
|||Leeds|||
|||Ls1 2HJ|||
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|||||Permanent|General|Designated|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Notes|Endowment
8|Fundf|Fund
8|2023
f|2022
8|
|Income and endowments|||||||||
|Income from Investments|||2/3|12,539|140,234||152,773|98,995|
|Total Income and endowmeats||||12,539|140,234||152,773|98,995|
|Expenditure|||||||||
|Expenditure
on raising funds|||4|328|47,568||47,896|98,086|
|Expenditure
on charitable|activities||15||12,709|163,627|176,336|143,408|
|Realised foreign currency|losses/(gains)|||(22,217)|(35,506)|-|(57,723)|(34,573)|
|Total Expenditure||||21,889|24,771|163,627|166,509|206,921|
|Net gains/(losses)
on investments|||||||||
|Unrealised
foreign currency gains/(losses)|||||(16)||(16)|1|
|Realised gains/(losses)
on|investments|||||||39,430|
|Unrealised
gains/(losses)|on investments|||34,253|269,424||303,677|109,985|
|||||(34,253)|(269,440)||(303,693)|149,416|
|Net income/(expenditure)||||175|153,977|163,627|317,429|41,490|
|Transfers between
funds||||(34,756)|(109,691)|144,447|||
|Net Movement
in Funds||||34,581|263,668|19,180|317,429|41,490|
|Reconciliation offunds|||||||||
|Fund balances brought
forward||at 6th April 2022||405,928|3,070,847|161,401|3,638,176|3,596,686|
|Fund balances carried forward||at 5th April 2023||371,347|2,807,179|142,221|3,320,747|3,638,176|
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||Notes||2023f||2022
f.|
|---|---|---|---|---|---|
|Fixed Assets||||||
|Investments|||3,271,989||3,575,666|
|Current
Assets||||||
|Debtors||91,184||58,490||
|Cash at bank and in hand||79,876||66,436||
|||171,060||124,926||
|Liabilities||||||
|Creditors
falling due within one year|9|~322 302||62,416||
|Net Current Assets|||48,758||62,510|
|Net Assets|||3,320 747||3,638,176|
|Tbe funds ofthe charity||||||
|General fund|10||2,807,179||3,070,847|
|Permanent
endowment|10||371,347||405,928|
|Designated
fund|10||142,221||161,401|
|Total charity funds|||3,320,747||3,638,176|
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||||Permanent|General|Dcsigaatcd|Total|
|---|---|---|---|---|---|---|
||||Endowment|Fund|Fund|2022|
||||f|8|||
|Income and endowments|||||||
|Income from Investments|||11,789|87,206||98,995|
|Total lacome and endowmeats|||11789|87206||98,995|
|Espeaditure|||||||
|Expenditure
on raising funds||||98,086||98,086|
|Expenditure
on charitable|activities||||143,408|143,408|
|Realised foreign currency|(gaias)/losses||(12,813)|(21,760)|-|(34,573)|
|Total Expenditure|||12813|76326|143,408|206 921|
|Net gains/Dosses)
on lnvesuuents|||||||
|Unrealised
foreign currency gains/(losses)||||I||I|
|Realised gains/(losses)
on investments||||39,430||39,430|
|Unrealised
gains/(losses)|on investments||10,754|99,231||109,985|
||||10,754|138,662||149,416|
|Net lacome/(expenditure)|||35,356|149,542|143,408|41,490|
|Transfers between
funds|||(24,602)|(137,126)|161,728||
|Net Mevemeat
in Fuads|||10754|12,416|18,320|41,490|
|Reconciliation offunds|||||||
|Fund balances brought
forward||at 6th April 2021|395,174|3,058,431|143,081|3,596,686|
|Fund balances carried forward||st 5th April 2022|405,928|3,070,847|161,401|3,638,176|
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|2|Income from lavestmeats|Income from lavestmeats|||||||
|---|---|---|---|---|---|---|---|---|
||||||2023|||2022|
||||||6||||
||Rents received gross||||121,666||68,000||
||Quoted stocks and shares||||29,948||30,969||
||Bank Interest||||1,159|||26|
||||||152,773||98,995||
|3|Detailed Property Income and||Expeaditure|Account|||||
||||||2023|||2022|
|||||8|8||||
||Rents Receivable||||||||
||22 Pembridge
Road, London WI||I||121,666||68,000||
||Repairs, refurbishments|and sundries||(25,128)||61,089|||
||Agents' commission|||5,252||2,856|||
||Lenings Fees|||2,751|||||
||Insurance (net)|||1,009||1,078|||
||Legal Fees|||4,272||5,091|||
||Valuation
Fees|||1,200|||||
||Doubtful
Debt Provision|||25,800|||||
||||||15,156||70,114||
||Net Rents Receivable||||106510||2|114|
|4|Expeadlture
on raising|fuads|||2023|||2022|
||||||E||||
||Property rental costs (Note 3)||||15,156||70,114||
||Management
and administration||costs (Note|16)|32,739
~47 895||27,972
~98086||
|5|Total Resources Expended||||||||
||Total resources expcndod|are stated aRer charging:|||||||
||||||2023|||2022|
||||||||8||
||Auditors'
remuneration
Independent
Examinefs|remuneration|||~2100||1,380||
||||||2,100||1,380||
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|6|Fixed Asset Investments||||
|---|---|---|---|---|
||Market Value|Freehold|Quoted||
|||Propertyf|Investments
f|Total|
||6th April 2022|2,467,500|1,108,166|3,575,666|
||Disposals||||
||Unrealised
gains/(losses)|(217,500)|(86,177)|(303,677)|
||Realised gains/(losses)||||
||Market value st 5th April 2023|2290000|.021989|3271989|
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|Financial|Instruments||||
|---|---|---|---|---|
||||2023|2022|
||||f||
|Financial|Assets||||
|General Fund|||679,481|665,763|
|Permanent|Endowment|Fund|444,762|457,126|
|Designated|Fund||142,221|161,401|
||||1,266,464|1,284,290|
|Financial|LiabiTities||||
|General Fund|||122,302|62,416|
|Permanent|Endowment|Fund|73,415|51,198|
|Designated|Fund||||
||||195,717|113,614|
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|8|Debtors||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||Debtors, prcpaymcnts|||and accrued income|||||
||||||||91,184|58,490|
|9|Creditors||||||2023|2022|
||||||||f||
||Creditors aad accruals||||||122,302|62,416|
||||||||122,302|62,416|
|10|Analysis ofNet||Assets between Funds||||||
||||||Permanent|Geaeral|Designated|Total|
||||||Endowmeatf|Fund
f|Fundf|Fuads|
||Fund balances at 5th April 2023 are||||||||
||represented|by:|||||||
||Investment|Assets|||401,558|2,764,882|105,549|3,271,989|
||Debtors|||||91,184||91,184|
||Due to General||Fund|from Permanent|(73,415)|73,415|||
||Cash||||43,204||36,672|79,876|
||Creditors||||||||
||||||371,347|2,807,179|142,221|3,320,747|
||||||Permaaent|Geaeral|Designated|Total|
||||||Eadowment|Fundf|Fundf|Fuads
f|
||Fund balances at 5th April 2022 are||||||||
||represented|by;|||||||
||Investment|Assets|||435,811|3,023,575|116,280|3,575,666|
||Debtors|||||58,490||58,490|
||Due to General||Fund|from Permanent|(51,198)|51,198|||
||Cash||||21,315||45,121|66,436|
||Creditors||||||||
|||||||||3,638,176|
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|Designated
Fund|||||
|---|---|---|---|---|
||||2023|2022|
|||||f|
|Cal Performances
($20,000)|||16,042|15,264|
|Calgary Philharmonic
Orchestra-|Morningside|Music Bridge Program ($10,000)|8,021|7,632|
|Holocaust Centre North|||4,000|3,000|
|Israeli Opera ($20,000)||||15,264|
|Jerusalem
Foundation
($40,000)|||32,084|30,529|
|Jerusalem
Academy ofMusic 8'c|Dance ($30,000)||24,063|22,896|
|Jewish Music Institute|||7,500|7,500|
|Leeds Piano Competition|||10,000|10,000|
|Royal Academy ofMusic|||10,000|20,000|
|Rubinstein
International
Music Society ($5,000)|||4,011|3,816|
|UKLFI Charitable
Trust|||8,500|7,500|
|Wigmore
Hall Trust|||18,000|18,000|
||||142,221|161,401|
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|Charitable
Donations||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|||||||||8|8|
|Cal Performances
($20,000)||||||Designated|Fund|16,878|15,569|
|Calgary Philharmonic
Orchestra||-Momingside|Music Bridge Program ($10,000)|||Designated|Fund|8,439|7,785|
|Holocaust
Centre North||||||Designated|Fund|3,000|3,000|
|Hebrew University ofJerusalem||($15,000)||||||12,709||
|Israeli Opera ($20,000)||||||Designated|Fund|15,718|7,227|
|Jerusalem
Foundation
~|Academy ofMusic and Dance ($30,000)|||||Designated|Fund|25,316|22,371|
|Jerusalem
Foundation
-|Rachel|Karwan Child Developmeat|||Centre ($40,000)|Designated|Fund|33,890|29,828|
|Jerusalem
Foundation
-|SirJack Lyons Charitable|||Trust Scholarship ($25,000)|||||18,628|
|Jewish Music Institute||||||Designated|Fund|7,500|7,500|
|The Leeds International|Piano Competition|||||Designated|Fund|10,000|10,000|
|Royal Academy ofMusic||||||Designated|Fund|20,000||
|Rubinstein
International|Music|Society ($5,000)||||Designated|Fund|4,386||
|UKLFI Charitable
Trust||||||Designated|Fund|8,500|7,500|
|Wigmore
Hall Trust||||||Designated|Fund|10,000|14,000|
|Management
and Administration
Costs||||||||||
|||||||||2023|2022|
|Accountancy
and administration||||||||29,910|26,844|
|Audit||||||||60|888|
|independent
Examination||||||||2,100||
|Investment
Management|Fees|||||||669|240|
|||||||||32,739|27,972|
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