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2023-03-31-accounts

PAGES
Trustees' Annual
Report (Incorporating		 the Director's Report) I to 4
Independent
Auditor's		 Report to the Members 5 to 10
Statement ofFinancial Activities including Income and Expenditure
Account)
Statement ofFinancial Position 12
Statement ofCash Flows 13
Notes to the Financial Statements 14to 23

YEAR ENDE D 31MAR CH 2023 CH 2023
2023 2022
Unrestricted
funds Total funds Total funds
Note f. f
Income and endowments
Investment
income		 5 1,715,186 1,715,186 1,591,373
Total income 1,715,186 1,715,186 1,591,373
Expenditure
Expenditure
on raising funds:
Investment
management		 costs 6 (425,895) (425,895) (336,064)
Expenditure
on charitable		 activities 7,8 (3,179,162) (3,179,162) (1,927,553)
Total expenditure (3,605,057) (3,605,057) (2,263,617)
Net (losses)/gains
on investments		 11 (345,132) (345,132) 686,054
Net (expenditure)/income and net movement in funds (2,235,003) (2,235,003) 13,8]0
Reconciliation
offunds
Total funds brought
forward		 30,531,906 30,531,906 30,518,096
Total funds carried forward 28,296,903 28,296,903 30,531,906

2023 2022
ftotc f
FIXEDASSETS
Investments 15 27,858,183 29,785,265
CURRENT ASSETS
Debtors 16 470,308 769,398
Cash at bank and in hand 373,593 327,036
843,901 1,096,434
CREDITORS: amounts falling due
within
one year		 17 (405,181) (349,793)
NET CURRENT ASSETS 438,720 746,64]
TOTAL ASSETSLESS CURRENT
LIABILITIES 28,2964103 30,53],906
NET ASSETS 28,296903 30,531,906
FUNDS OFTHE CHARITY
Unrestricted
funds		 28,296,903 30,531,906
Total charity funds 19 28,296,903 30,531,906
DONATING DONATING CHARITY LIMITED
COMPANY LIMITED BYGUARANTEE
STATEMENT OF CASH FLOWS
YEAR ENDED 31MARCH 2023
2023 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net (expenditure)/income (2,235,003) 13,810
Ad/ usnnenrs for:
Net (losses)/gains
on investments		 345,132 (686,054)
Dividends,
interest
and rents from investments		 (1,657,278) (1,559,953)
Other interest receivable
and similar income		 (57,908) (31,543)
Accrued expenses 1,920 1,200
Payments
for expenditure
on investment		 properties 425,895 325,936
Interest payable
and similar charges		 10,128
Changesin:
Trade and other debtors 189,941 (8,260)
Trade and other creditors 7,521 (10,034)
Cash generated
from operations		 (2,979,780) (1,944,770)
Net cash used in operating
activities		 (2,979,780) (1,944,770)
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends,
interest
and rents from investments		 1,802,138 1,748,345
Purchases of other investments (473,032)
Proceeds from sale of other investments 1,623,947 871,096
Payments
for expenditure
on investment		 properties (425,895) (325,936)
Change
in stockbroker
debtor		 10,236 (6,930)
Net cash from investing
activities		 3,010,426 1,813,543
CASH FLOWS FROM FINANCING ACTIVITIES
Interest paid (10,128)
Interest received 15,911 10,077
Net cash from/(used
in) financing
activities		 15,911 (5])
NET INCREASE/(DECREASE)
IN CASH		 AND CASH
EQUIVALENTS 46,557 (131,278)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 327,036 458,314
CASH AND CASH EQUIVALENTS AT END OFYEAR 373,593 327,036

Unrestricted Total Funds Unrestricted Total Funds
Funds
f.		 2023 Funds
f		 2022
Propeny
Income		 revenue
from UK listed investments		 1,623,514
20,935		 1,623,514
20,935		 1,534,737
6,747		 1,534,737
6,747
Income from other investments 12,829 12,829 ]8,346 18,346
Interest receivable 57,908 57,908 31,543 31,543
1,715,186 1,715,]86 1,591,373 1,591,373
INVESTMENT MANAGEMENT COSTS
Unrestricted Total Funds Unrestricted Total Funds
Funds
f		 2023
f		 Funds
f		 2022
f
interest
Property		 payable
expenses		 425,895 425,895 10,128
325,936		 10,)28
325,936
425,895 425,895 336,064 336,064

7. EXPENDI TURE ON CHARITABLE ACTIVITIES BYFUND T BYFUND T YPE
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
f f f. f
Donations
paid
Support costs		 3,151,733
27,429		 3,151,733
27,429		 1,908,183
]9,370		 1,908,183
19,370
3,179,162 3,179,162 1,927,553 1,927,553
8. EXPENDITURE ON CHARITABLE ACTIVITIES BYACTIVITY TYPE
Grant funding Total funds Total fund
of activities Support costs 2023 2022
f
Donations
Governance		 paid
costs		 3,151,733 27,429 3,151,733
27,429		 1,908,183
19,370
3,151,733 27,429 3,179,162 1,927,553
9. ANALYSIS OFSUPPORT COSTS
Donations
paid Total 2023
f		 Total 2022
f
Governance costs 27,429 27,429 19,370
10. ANALYSIS OF GRANTS

education,
advancement
ofthe Je		 wish religion or the relief of poverty.
Achisomoch
Aid Company
Ahavat Yisroel UK		 99,000
771,800
AJJDC UK Trust 79,170
The British Friends of Jerusalem College ofTechnology 42,300
British Friends of Return/Shuvu 153,500
Chevras Mo'oz Ladol 106,300
Farmwood
Charitable
Foundation		 420,000
KKL Charity Accounts
The Marque Foundation
Rabbi Sacks Legacy Trust
Tikva UK		 870,200
189,941
50,000
284,072
Yeshivas
Ohel Shimon Trust		 32,000
Other Donations 53,450
3,151,733

NET (LOS SE Sl/GAINS
ON INVEST		 MENTS
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
f f f f
Realised gains / (losses) on investment
propenies 13,320 13,320
Realised gains /(losses) on listed
investments 77,075 77,075
Unrealised gains
/ (losses) on listed
investments (464,319) (464,319) 637,939 637,939
Gains/(losses) on other investment
assets 42,112 42,112 34,795 34,795
(345,132) (345,132) 686,054 686,054

2023 2022
f f
Fees payable for the audit of the financial statements 13,920 12,000

YEAR END
INVESTMENTS		 ED 31MARC H 2023
Listed Investment Other
investments
f		 properties
f.		 mvestments
f		 Total
f
Valuation
At
1 April 2022
Additions		 4,374,785 24,400,000 1,010,479
34,386		 29,785,264
34,386
Disposals
Fair value movements		 (1,382,751)
(464,319)		 (198,506)
84,109		 (1,581,257)
(380,210)
At 31March 2023 2,527,715 24,400,000 930,468 27,858,183
Impairment
At I April 2022 and 31 March 2023
Carrying
amount
At 31March 2023		 2,527,715 24,400,000 930,468 27,858,183
At 31 March 2022 4,374,785 24,400,000 1,010,479 29,785,264

2023 2022
Trade debtors 464,615 563,528
Other debtors 5,693 205,870
470,308 769,398

17. CREDITORS: a mounts
falling due within
one ye		 ar
2023 2022
Accruals
and deferred
income		 338,943 292,996
Social security
and other taxes
Other creditors		 52,318
13,920		 43,086
13,711
405,181 349,793
18. DEFERRED IN COME
2023 2022
At
1 April 2022
Amount
released		 to income 292,996
(292,996)		 315,949
(315,949)
Amount
deferred		 in year 338,943 292,996
At 31March 2023 338,943 292,996

Unrestri cted
funds
At
At Gains and 31March 20
1 April 2022
f		 Income
f		 Expenditure losses
f		 23
f.
General funds 30,531,906 1,7]5,186 (3,605,057) (345,132) 28,296,903
At
At Gains and 31 March 202
1 April 2021 Income
f		 Expenditure losses
f		 2
f.
General funds 30,518,096 1,591,373 (2,263,617) 686,054 30,531,906

Unrestricted Total Funds
Funds 2023
f f
Investments 27,858,183 27,858,183
Current
assets		 843,901 843,901
Creditors less than 1 year (405,181) (405,181)
Net assets 28,296,903 28,296,903
Unrestricted Total Funds
Funds 2022
f. f
Investments 29,785,265 29,785,265
Current
assets		 1,096,434 1,096,434
Creditors less than 1 year (349,793) (349,793)
Net assets 30,531,906 30,531,906
21. FINANCIAL INSTRUMENTS
The carrying amount for each category nf financial instrument is as follows:
2023 2022
f
Financial assets that are debt instruments measured st smortised cost
Financial assets that are debt instruments measured at amonised
cost 470,308 769,398
Financial liabilities measured st amortlsed cost
Financial liabilities measured at amortised cost 405,181 349,793
22. ANALYSIS OFCHANGES IN NET DEBT
At
At 31March 20
I April 2022
f		 Cash flows
f		 23
Cash at bank and in hand 327,036 46,557 373,593

as follows :
2023 2022
Not later than 1 year 1,375,500 1,392,626
Later than 1 year and not later than 5 years 2,064,000 2,590,848
3,439,500 3,983,474