2024-03-31-accounts - Donating Charity Limited

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

COMPANY REGISTRATION NUMBER: 00873763

CHARITY REGISTRATION NUMBER: 247490

DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS

31 MARCH 2024

COHEN ARNOLD

Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road London NW11 0PU

Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

	PAGES
Trustees' Annual Report (Incorporating the Director's Report)	1 to 4
Independent Auditor's Report to the Members	5 to 10
Statement of Financial Activities (Including Income and Expenditure
Account)	11
Statement of Financial Position	12
Statement of Cash Flows	13
Notes to the Financial Statements	14 to 22

Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)

YEAR ENDED 31 MARCH 2024

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Donating Charity Limited Charity registration number 247490 Company registration number 00873763 Principal office and registered 6 Princes Park Avenue office London NW11 0JP THE TRUSTEES J Schimmel J S Cooper (Resigned 22 June 2023) M Staszewski (Resigned 28 May 2023) S Simons (Appointed 22 June 2023) D Conick (Appointed 22 June 2023)

AUDITOR Cohen Arnold Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road London NW11 0PU

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is constituted as a company limited by guarantee, and is therefore governed by its memorandum and articles of association.

The Trustees administers the day-to-day affairs of the Charity. None of the Trustees have any beneficial interest in the Charity.

In appointing new Trustees, the Trustees have applied suitable recruitment training and induction procedures.

There were three Trustees who served during the year. The Trustees did not receive any remuneration for their services nor did they receive any reimbursement for out of pocket expenses.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

OBJECTIVES AND ACTIVITIES

The Charity is established to further those purposes both in the United Kingdom recognised as charitable by English Law and in furtherance of the objects below.

The Charity receives income mainly from its property investments which it utilises in the provision and distribution of grants and donations.

The Charity's principal activity throughout the year was the provision and distribution of donations and grants to organisations, and no change is envisaged in the immediate future.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and setting the grant making policy for the year.

ACHIEVEMENTS AND PERFORMANCE

During the year the Charity continued its philanthropic activities in support of religious education, relief of poverty and other charitable institutions and aggregate donations were paid in the sum of £2,858,729 (2023: £3,151,733).

The benefits that these charities provide include:

Financial support to the poor Relief of sickness and disabilities Religious education and support for places of worship for the community

The financial results of the Charity's activities for the year to 31 March 2024 are fully reflected in the attached financial statements together with the notes thereon.

FINANCIAL REVIEW

Reserve policy

It is the policy of the charity to maintain unrestricted funds, which include the free reserves of the Charity, at a level which the Trustees think appropriate, after considering the future commitments of the Charity and the likely costs of the Charity for the next year.

As at 31 March 2024 the Charity has total unrestricted funds of £27,232,575.

Grant making policy

Grants are made to charitable institutions and organisations which accord with the objects of the Charity.

The Trustees are approached for donations by a wide variety of charitable institutions principally operating all over England. The Trustees consider all requests which they receive and make donations based on the level of funds available.

Investment powers and policy and objectives

Under the memorandum and articles of association, the Charity has the power to make any investment which the Trustees see fit. The Trustees regularly review the Charity's position and needs in respect of the investment policy.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW (continued)

PRINCIPAL RISKS AND UNCERTAINTIES

Risk management

The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those related to the operations and finance of the Charity, and are satisfied that systems are in place to manage those risks.

PLANS FOR FUTURE PERIODS

The Trustees plan to continue to make distributions in accordance with their grant making policy and where appropriate, referable to their commitments, to ensure that an appropriate level of reserves is maintained.

TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITOR

Each of the persons who is a trustee at the date of approval of this report confirms that:

so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 18 December 2024 and signed on behalf of the board of trustees by:

J Schimmel Trustee

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED

YEAR ENDED 31 MARCH 2024

OPINION

We have audited the financial statements of Donating Charity Limited (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED (continued)

YEAR ENDED 31 MARCH 2024

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the trustees' report has been prepared in accordance with applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED (continued)

YEAR ENDED 31 MARCH 2024

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED (continued)

YEAR ENDED 31 MARCH 2024

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation, landlord legislation and charity legislation as being most significant to these financial statements.
We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations.
We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.
We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation stages of our audit and by using proprietary disclosure checklists. The susceptibility to such material misstatement was determined to be low.
Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED (continued)

YEAR ENDED 31 MARCH 2024

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DONATING CHARITY LIMITED (continued)

YEAR ENDED 31 MARCH 2024

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

USE OF OUR REPORT

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Barry Leigh (Senior Statutory Auditor) For and on behalf of Cohen Arnold Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road London NW11 0PU 18 December 2024

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2024

		2024	2024	2023
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Investment income	5	1,782,186	1,782,186	1,715,186
		ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Total income		1,782,186	1,782,186	1,715,186
		৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
Expenditure
Expenditure on raising funds:
Investment management costs	6	(311,088)	(311,088)	(425,895)
Expenditure on charitable activities	7,8	(2,919,786)	(2,919,786)	(3,179,162)
		ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Total expenditure		(3,230,874)	(3,230,874)	(3,605,057)
		৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
Net gains/(losses) on investments	11	384,360	384,360	(345,132)
		ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Net expenditure and net movement in funds		(1,064,328)	(1,064,328)	(2,235,003)
		৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward		28,296,903	28,296,903	30,531,906
		ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ
Total funds carried forward		27,232,575	27,232,575	28,296,903
		৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 14 to 22 form part of these financial statements.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 MARCH 2024

			2024		2023
	Note	£	£	£	£
FIXED ASSETS
Investments	15		26,765,201		27,858,183
CURRENT ASSETS
Debtors	16	473,102		470,308
Cash at bank and in hand		303,505		373,593
		ৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄ
		776,607		843,901
CREDITORS: amounts falling due
within one year	17	(309,233)		(405,181)
		ৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄ
NET CURRENT ASSETS			467,374		438,720
			ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ
TOTAL ASSETS LESS CURRENT
LIABILITIES			27,232,575		28,296,903
			ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ
NET ASSETS			27,232,575		28,296,903
			৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶
FUNDS OF THE CHARITY
Unrestricted funds			27,232,575		28,296,903
			ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ
Total charity funds	19		27,232,575 ৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶		28,296,903 ৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 18 December 2024, and are signed on behalf of the board by:

J Schimmel Trustee

Company Registration Number: 00873763

Charity Registration Number: 247490

The notes on pages 14 to 22 form part of these financial statements.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2024

YEAR ENDED 31 MARCH 2024
	2024	2023
	£	£
CASH FLOWS FROM OPERATING ACTIVITIES
Net expenditure	(1,064,328)	(2,235,003)
Adjustments for:
Net gains/(losses) on investments	(384,360)	345,132
Dividends, interest and rents from investments	(1,781,214)	(1,657,278)
Other interest receivable and similar income	(972)	(57,908)
Accrued expenses	–	1,920
Payments for expenditure on investment properties	299,936	425,895
Interest payable and similar charges	11,152	–
Changes in:
Trade and other debtors	(4,974)	189,941
Trade and other creditors	(2,055)	7,521
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Cash generated from operations	(2,926,815)	(2,979,780)
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Net cash used in operating activities	(2,926,815)	(2,979,780)
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interest and rents from investments	1,687,457	1,802,138
Proceeds from sale of other investments	1,477,342	1,623,947
Payments for expenditure on investment properties	(299,936)	(425,895)
Change in stockbroker debtor	2,044	10,236
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Net cash from investing activities	2,866,907	3,010,426
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
CASH FLOWS FROM FINANCING ACTIVITIES
Interest paid	(11,152)	–
Interest received	972	15,911
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Net cash (used in)/from financing activities	(10,180)	15,911
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
NET (DECREASE)/INCREASE IN CASH AND CASH
EQUIVALENTS	(70,088)	46,557
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	373,593	327,036
	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
CASH AND CASH EQUIVALENTS AT END OF YEAR	303,505 ৶৶৶৶৶৶৶৶৶৶	373,593 ৶৶৶৶৶৶৶৶৶৶

The notes on pages 14 to 22 form part of these financial statements.

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Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 6 Princes Park Avenue, London, NW11 0JP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The charity meets the definition of a public benefit entity under FRS 102.

Going concern

The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern, as the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due, based on the net current asset position of the charity and available sources of finance.

- 14 -

Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Acquisitions and disposals of properties

Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly.

Trade debtors

The Trustees use details of the age of trade debtors and the status of any disputes together with external evidence of the credit status of the counterparty in making judgements concerning any need to impair the carrying values.

Taxation

The charity is not liable to direct taxation on its income or gains, whether realised or not, as it falls within the various exemptions liable to registered charities. Accordingly, the charity does not recognise any deferred tax liability on property revaluations as no tax would be due in the event of a disposal as the charity would benefit from the relevant exemptions, as it will apply all funds for qualifying charitable purposes.

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees to further any of the charity's purposes.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.

Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

- 15 -

Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES (continued)

Resources expended

Expenditure is charged on an accrual basis and allocated to the appropriate headings in the accounts.

The majority of costs are directly attributable to specific activities. Costs incurred in respect of the charitable activities include attributable support costs where applicable.

Investments

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition -

(i) Investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the income and expenditure account in the period that they arise; and (ii) No depreciation is provided in respect of investment properties applying the fair value model.

Investment property fair value is determined by the Trustees based on their understanding of property market conditions and the specific properties concerned using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition.

Listed investments are shares held in listed companies for the purpose of dividend income and capital appreciation. They are initially recognised at cost. Subsequent to initial recognition they are measured at fair value based on market data with changes in fair value being recognised in profit or loss.

Other investments are foreign currency loan notes, initially recognised at cost. Subsequently they are measured at fair value by translating at the year end using the exchange rates with changes in exchange rates being recognised in the profit and loss.

Grants payable

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

- 16 -

Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES (continued)

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. LIMITED BY GUARANTEE

The Charity is a Company Limited by Guarantee and has no share capital. The liability of each Member in the event of winding up is limited to £1.

5. INVESTMENT INCOME

INVESTMENT INCOME
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
Property revenue	1,759,432	1,759,432	1,623,514	1,623,514
Income from UK listed investments	13,780	13,780	20,935	20,935
Income from other investments	8,002	8,002	12,829	12,829
Interest receivable	972	972	57,908	57,908
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
	1,782,186	1,782,186	1,715,186	1,715,186
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
INVESTMENT MANAGEMENT	COSTS
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
Interest payable	11,152	11,152	–	–
Property expenses	299,936	299,936	425,895	425,895
	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
	311,088	311,088	425,895	425,895
	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶

6. INVESTMENT MANAGEMENT COSTS

- 17 -

Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

7. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
Donations paid	2,858,729	2,858,729	3,151,733	3,151,733
Support costs	61,057	61,057	27,429	27,429
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
	2,919,786	2,919,786	3,179,162	3,179,162
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
	Grant funding		Total funds	Total fund
	of activities	Support costs	2024	2023
	£	£	£	£
Donations paid	2,858,729	–	2,858,729	3,151,733
Governance costs	–	61,057	61,057	27,429
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
	2,858,729	61,057	2,919,786	3,179,162
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
ANALYSIS OF SUPPORT COSTS
		Donations
		paid	Total 2024	Total 2023
		£	£	£
Governance costs		61,057	61,057	27,429
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
ANALYSIS OF GRANTS
				£

8. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE

9. ANALYSIS OF SUPPORT COSTS

10. ANALYSIS OF GRANTS

All grants and donations were paid to charitable institutions for the purposes of the support of education, advancement of the Jewish religion or the relief of poverty.

education, advancement of the Jewish religion or the relief of poverty.
AJJDC UK Trust	33,019
British Friends of Yeshivat Har Etzion Trust	39,400
JNF Charitable Trust	87,634
KKL Charity Accounts	1,049,991
Rabbi Sacks Legacy Trust	51,300
The British Friends of Jerusalem College of Technology	39,800
The Marque Foundation	500,000
Tikva UK	1,007,065
Other Donations	50,520
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
	2,858,729
	৶৶৶৶৶৶৶৶৶৶৶৶৶

- 18 -

Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

11. NET GAINS/(LOSSES) ON INVESTMENTS

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
Realised gains / (losses) on listed
investments	125,332	125,332	77,075	77,075
Unrealised gains / (losses) on listed
investments	259,294	259,294	(464,319)	(464,319)
Gains/(losses) on other investment
assets	(266)	(266)	42,112	42,112
	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
	384,360	384,360	(345,132)	(345,132)
	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶
AUDITORS REMUNERATION
			2024	2023
			£	£
Fees payable for the audit of the financial statements			13,920 ৶৶৶৶৶৶৶৶৶	13,920 ৶৶৶৶৶৶৶৶৶

12. AUDITORS REMUNERATION

13. STAFF COSTS

The average head count of employees, including trustees, during the year was nil (2023: nil).

No salaries or wages have been paid to employees during the year.

14. TRUSTEE REMUNERATION AND EXPENSES

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

No trustees expenses have been incurred.

15. INVESTMENTS

INVESTMENTS
	Listed	Investment	Other
	investments	properties	investments	Total
	£	£	£	£
Valuation
At 1 April 2023	2,527,715	24,400,000	930,468	27,858,183
Additions	–	–	213,949	213,949
Disposals	(1,522,684)	–	(43,275)	(1,565,959)
Fair value movements	259,294	–	(266)	259,028
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ
At 31 March 2024	1,264,325	24,400,000	1,100,876	26,765,201
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶
Impairment
At 1 April 2023 and 31 March 2024			–	–
			৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶
Carrying amount
At 31 March 2024	1,264,325	24,400,000	1,100,876	26,765,201
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶
At 31 March 2023	2,527,715	24,400,000	930,468	27,858,183
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶

All investments shown above are held at valuation.

- 19 -

Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

15. INVESTMENTS (continued)

Investment properties

The investment properties are stated at trustees' valuation as at 31 March 2024 based on their understanding of property market conditions and the specific property concerned, using published commercial yields and a sales valuation approach derived from recent comparable transactions and adjusted by applying discounts to reflect status of occupation, condition and difficulty of selling a shared interest in the properties.

The historical cost of the properties as at 31 March 2024 was £7,393,423 (2023: £7,393,423).

Listed investments

The listed investments are held at fair value based on the available market data at the year end. Any movements in fair value are recognised in the profit and loss.

The historical cost of the listed investments are £708,831 (2023: £1,748,204).

Other investments

The other investment are loan notes and a Special Opportunities Fund. The movement in the year represents part repayment and movements in the exchange rate at the year end.

16. DEBTORS

DEBTORS
	2024	2023
	£	£
Trade debtors	370,531	464,615
Prepayments and accrued income	93,948	–
Other debtors	8,623	5,693
	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
	473,102	470,308
	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶
CREDITORS: amounts falling due within one year
	2024	2023
	£	£
Accruals and deferred income	245,050	338,943
Social security and other taxes	50,263	52,318
Other creditors	13,920	13,920
	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
	309,233	405,181
	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶
DEFERRED INCOME
	2024	2023
	£	£
At 1 April 2023	338,943	292,996
Amount released to income	(338,943)	(292,996)
Amount deferred in year	245,050	338,943
	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
At 31 March 2024	245,050	338,943
	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶

17. CREDITORS: amounts falling due within one year

18. DEFERRED INCOME

- 20 -

Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

19. ANALYSIS OF CHARITABLE FUNDS

Unrestricted funds

Unrestricted funds
						At
	At			Gains and		31 March 2024
	1 April 2023	Income	Expenditure	losses
	£	£	£	£		£
General funds	28,296,903	1,782,186	(3,230,874)	384,360		27,232,575
	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶
						At
	At			Gains and	31 March 2023
	1 April 2022	Income	Expenditure	losses
	£	£	£	£		£
General funds	30,531,906	1,715,186	(3,605,057)	(345,132)		28,296,903
	৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶
ANALYSIS OF NET ASSETS BETWEEN FUNDS
				Unrestricted		Total Funds
				Funds		2024
				£		£
Investments				26,765,201		26,765,201
Current assets				776,607		776,607
Creditors less than 1 year				(309,233)		(309,233)
				ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄৄৄৄৄৄ
Net assets				27,232,575		27,232,575
				৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶
				Unrestricted		Total Funds
				Funds		2023
				£		£
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
				৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶৶৶৶৶৶৶
FINANCIAL INSTRUMENTS
The carrying amount for each category of financial instrument is as follows:
				2024		2023
				£		£
Financial assets that are	debt instruments measured at amortised cost
Financial assets that are debt instruments measured at amortised
cost				473,102		470,308
				৶৶৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶৶
Financial liabilities measured at amortised cost
Financial liabilities measured at amortised cost				309,233		405,181
				৶৶৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶৶

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

21. FINANCIAL INSTRUMENTS

- 21 -

Docusign Envelope ID: 2B7CD7DE-B3D3-47DA-84FF-66B38B11F473

DONATING CHARITY LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

22. ANALYSIS OF CHANGES IN NET DEBT

					At
		At			31 March 2024
	1	April	2023	Cash flows
			£	£	£
Cash at bank and in hand		373,593		(70,088)	303,505
		৶৶৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶

23. OPERATING LEASE COMMITMENTS

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

as follows:
	2024	2023
	£	£
Not later than 1 year	1,268,000	1,375,500
Later than 1 year and not later than 5 years	1,783,000	2,064,000
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
	3,051,000 ৶৶৶৶৶৶৶৶৶৶৶৶৶	3,439,500 ৶৶৶৶৶৶৶৶৶৶৶৶৶

24. RELATED PARTIES

Grants and Donations include donations of £500,000 paid to the Marque Foundation, a charity which trustees are family members of a trustee of this charity. Also included in Grants and donations is a donation of £51,300 paid to Rabbi Sacks Legacy Trust who had a trustee in common with one of the trustees of this charity during the year.

- 22 -