2023-12-31-accounts

	Page
Legalandadministrativeinformation	1
Trustees’report	2-9
Independentauditors’report	10-12
Statementoffinancialactivities	13
Balancesheet	14
Statementofcashflaws	15
Notes tothefinancialstatements	16-26

	Note	2023	2022
		£7000	£’000
Incomefrom:
Investments	2	1,318	1,276
Total		1,318	1,276
Expenditureon:
Raisingfunds:
Investmentmanagement		491	515
Charitableactivities:
Grant-making	3	4,862	8,265
Total		5,353	8,780
Netexpenditurebeforeinvestmentgains		(4,036)	(7,504)
Netgains/ (losses)oninvestments	7	3,271	(6,854)
Netexpenditureandnetmovement infunds		(765)	(14,358)
Reconciliationoffunds:
Totalfundsbroughtforward		74,065	88,423
Totalfundscarriedforward		73,300	74,065

		2023		2022
	Note	£7000	£000	£000	£000
Fixedassets
Tangibleassets	8		5		7
Investments	9		78,443		80,152
Programmerelatedinvestments	10		89		1,589
			78,537		81,748
Currentassets
Debtors:amountsfallingduewithin
oneyear	11	387		459
Cashatbankandinhand	17	1,693		1,179
		2,080		1,638
Creditors:amountsfallingduewithin
oneyear	12	(4,879)		(5,473)
Netcurrentliabilities			(2,799)		(38,835)
Totalassetslesscurrentliabilities			75,738		77,913
Creditors:amountsfallingdueinmore
thanoneyear	13		(2,438)		(3,848)
Netassets			73,300		74,065
Funds
Incomeandendowmentfunds	14		73,300		74,065
Totalfunds			73,300		74,065

		2023	2022
	Note	£000	£’000
Cashflows fromoperatingactivities
Netcashusedinoperatingactivities	16	(5,995)	(4,270)
Cashflowsfrominvestingactivities: Dividends,interestandrentsfrominvestments Proceedsfromsaleofinvestments Purchaseofinvestments Netcashprovidedbyinvestingactivities		1,318 25,509 (12,060) 14,767	1,276 7,043 (8,174) 145
Increase/(decrease)incashandcashequivalentsinthe year		8,772	(4,125)
Cashandcashequivalentsbroughtforward		8,081	12,206
Cashandcashequivalentscarriedforward	17	16,853	8,081

3.	Expenditureoncharitableactivities
	2023	Grantfunding	of
		activities		Support		Total
		(note4)		costs		2023
		£°000		£000		£7000
	CareandWelfare		791	49		840
	JewishCommunity	1,348		85		1,433
	JewishEducation	1,689		106		1,795
	PathwaystoSelf-Sufficiency		197	110		307
	MedicalAdvancement		400	24		424
	TheArts		10	1		11
	NewInitiatives		49	3		52
		4,484		378		4,862
	2022	Grantfunding	of
		activities				Total
		(note4)		Supportcosts		2022
		£000		£’000		F000
	CareandWelfare	3,147		147		3,294
	JewishCommunity		347	17		364
	JewishEducation	1,690		79		1,769
	PathwaystoSelf-Sufficiency	1,722		81		1,803
	MedicalAdvancement TheArts	(50) 1,010		47	:	(50) 1,057
	NewInitiatives		at	1		28
		7,893		372		8,265
	Supportcostsrelatetostaff,officeandadministrativecostsincluding			professionalfees.		Support
	costsincludegovernancecostsof£22k(2021:£40k).
4.	Newgrantsawardedandinitiativesfunded
a)	Newgrantsawarded— currentyear			2023		2022
				£7000		£000
	CareandWelfare
	BikurCholim			100		100
	CampSimcha					75
	EzraU'Marpeh				-	100
	HospitalKosherMealsService(HKMS)				=	20
	JewishCare				:	2,500
	JWA				7	150
	Nightingale			87		*
	NoaGirls			300
	PaJes				-	86
	WoodstockSinclairTrust			216		60
	YouthAliyah			50		>
	VariousSmallandDiscretionaryGrants(<£15,000each)			38		56
				791		3,147

JewishCommunity		2023 £000		2022 £000
CommunitySecurityTrust InitiationSociety JewishCare ProjectImpACT SassovBeisHamedrash TheGoldersGreenBethHamedrashCongregation TheJerusalemFoundation TheRabbiSacksLegacyTrust WienerHolocaustLibrary VariousSmallandDiscretionaryGrants(<£15,000each) Cancelledgrantsinyear		150 109 34 : 180 60 815 . - : * 1,348		100 50 75 20 , . : 75 15 39 (27) 347
JewishEducation
ORTUK ChildrenAhead ChinuchUK Gateways GesherSchool Hasmonean MultiAcademyTrust Kisharon Norwood PaJeS ProjectSeed SidebySide VariousSmailandDiscretionaryGrants(<£15,000each)		: : 30 700 : 20 78 28 25 z 750 58 1,689		75 125 : - 1,000 20 : : 200 260 : 10 7,690
PathwaystoSelf-Sufficiency
Birkbeck,UniversityofLondon ORTUK JewishCommunitySecondarySchool OfficeofTheChiefRabbi Resource WorkAvenue WorkAvenue(Redbourneloanconversion) Cancelledgrants		‘ 200 . . . 50 1,500 (1,553) 197		1,500 ‘ 60 50 112 : 3 : 1,722
Medicaladvancement
HatzolaNorthWest Cancelledgrantsinyear		400 - 400		“ (50 (50)
TheArts
TheBritishAcademy VariousSmallandDiscretionaryGrants(<£15,000each)		: 10 10		1,000 10 1,010
Newinitiativesfunded— currentyear
ActionforCommunityEmployment PeerLeadershipProgramme JewishFreeSchoolConsultancy		é 12 37 49		6 21 : 27
Totalgrantsawarded/(cancelledgrants) (note3)	andnewinitiativesfunded	4,484		7,893

		2023	2022
		£7000	£000
Wages Social Other	andsalaries securitycosts pensioncosts	174 18 19 211	184 20 16 220

Theaveragenumberofpersonsemployedbythe	Foundationduringtheyearwasasfollows:
	2023	2022
	No.	No.
Administrative Grantmanagement	1 3 4	2 3 5

Administrative Grant management		0.3 1.2 1.5
Thenumberofemployeeswhosetaxableemoluments		forservicestotheFoundationamountedtoover
£60,000intheyear	wasasfollows:	2023	2022
		No.	No.
Intheband£70,001	-£80,000	1	1

		2023		2022
		£000		£’000
Depreciationoftangiblefixedassets		1		1
Auditor'sremuneration(excludingVAT)
Auditservices		22		18
Accountancy	services		-	1
Operatingleases	-landandbuildings	47		46

				2023	2022
				£000	£’000
Netgains/ (losses)onrevaluationoffixedasset		investments	(note9)	3,482	(7,149)
Foreignexchangegain				(211)	295
				3,271	(6,854)
Tangiblefixedassets
	Leasehold		Fixtures&	Computer
	improvements	—Paintings	fittings	equipment	Total
	£7000	£7000	£°000	£000	£7000
Cost
At1January2023and31	42	3	17	50	112
December2023
Depreciation
At1 January2023	42	-	17	46	105
Chargefortheyear	-	-	-	2	1
At31December2023	42	-	17	48	107
Netbookvalue
At31December2023	:	3	=	2	5
At 31December2022	-	3	-	4	7

	2023 £000	2022 £000
Marketvalueat1 January Additionsatcost Proceedsondisposal Cashtransfers Netgains Marketvalueat31December	80,152 12,060 (25,509) 8,258 3,482 78,443	89,946 8,174 (7,042) (3,777) (7,149) 80,152
Investmentsheldatyearendcomprise:	2023 £000	2022 £000
Listedinvestments PrivateEquityFunds Managedfundsandunittrusts Cashandcashequivalents	38,138 1,777 23,368 15,160	51,629 1,111 20,510 6,902
	78,443	80,152

	2023 £000	2022 £000
AmountsduefromTheMauriceandVivienneWohlPhilanthropic Foundation Otherdebtors Prepayments	275 84 28 387	290 144 25 459

		2023	2022
		£000	£’000
	Accruals	72	62
	Accrualsforgrantspayable	4,807	5,411
		4,879	5,473
13.	Creditors:Amountsfallingdueaftermorethanoneyear
		2023	2022
		£7000	£000
	Accrualsforgrantspayable	2,438	3,848

	2023		2022
	£000		£’000
Amountspayable:
Within 1year	23		46
Between 1-5 years		=	23
	23		69
Reconciliationofnetmovementinfundstonetcashflowfromoperatingactivities
	2023		2022
	£7000		£’000
Netexpenditurefortheyear(asperStatementofFinancial	(765)		(14,350)
Activities)
Adjustmentfor:
Depreciationcharges	1		1
(Gains)/lossesoninvestments	(3,482)		7,149
Dividends,interestandrentsfrominvestments	(1,318)		(1,276)
Programmerelatedinvestmentconvertedtogrant	1,500		-
Receiptfromprogrammerelatedinvestment	-		8
Decrease /(increase) indebtors	72		(10)
(Decrease)/increaseincreditors	(2,003)		4,208
Netcash usedinoperatingactivities	(5,995)		(4,270)

		2023	2022
		£°000	£'000
Cash	inhand	1,693	1,179
Cash	balancesheldininvestments(note9)	15,160	6,902
		16,853	8,081