2023-04-05-accounts

			Page
Reference and Administrative Details ofthe Charity,		its Trustees and Advisers
Trustees' Report			2-5
Independent Auditors'	Report on the Financial Statements		7-9
Statement ofFinancial	Activities		10
Statement of Financial	Position
Statement ofCash Flows			12
Notes to the Financial	Statements		13-20

Trustees		M AZiff
		E M Ziff
		A L Manning
Charity registered
number		249368
Principal office		Town Centre House
		The Merrion Centre
		Leeds
		LS2 8LY
Independent	auditors	Sopher+ Co LLP
		Chartered Accountants	& Statutory Auditors
		5 Elstree Gate
		Elstree Way
		Borehamwood
		Herffordshire
		WD6 1JD
Bankers		Lloyds TSBBank Pic
		6/7 Park Row
		Leeds
		LS28LY
Solicitors		Wrigleys Solicitors LLP
		19Cookridge Street
		Leeds
		LS2 3AG

						Unrestricted	Total	Total
						funds	funds	funds
						2023	2023	2022
					Note			F
Income from:
Charitable activities					3	226,009	226,009	214,640
Total income						226,009	226,009	214,640
Expenditure on:
Chaditable activities					5	322,340	322,340	506,897
Total expenditure						322,340	322,340	506,897
Net expenditure investments	before net (losses)/gains			on		(96,331)	(96,331)	(292,257)
Net (losses)/gains		on investments				(500,698)	(500,698)	646,061
Net movement in		funds				(597,029)	(597,029)	353,804
Reconciliation of		funds:
Total funds brought			forward			7,369,832	7,369,832	7,016,028
Net movement in	funds					(597,029)	(597,029)	353,804
Total funds carried			forward			6,772,803	6,772,803	7,369,832

					2023	2022
				Note	6	6
Cash flows from operating	activities
Net cash used in operating	activities			13	(359,491)	(341,318)
Cash flows from investing	activities
Investment income					226,009	214,640
Net cash provided by investing activities					226,009	214,640
Change in cash and cash	equivalents	in	the year		(133,482)	(126,678)
Cash and cash equivalents	at the beginning		ofthe year		2,395,902	2,522,580
Cash and cash equivalents	at the end of		the year	14	2,262,420	2,395,902
The notes on pages 13to 20 form part ofthese financial statements

						Total
						funds
					2023	2023
						E
Dividends	-equities				145,363	145,363
Tax recoverable			on PIDs		16,151	16,151
Receipts	from	I	A Ziff NO.2 Discretionary	Settlement	64,495	64,495
					226,009	226,009

						Total
						funds
					2022	2022
					6	6
Dividends	-equities				101,755	101,755
Tax recoverable			on PIDs		11,306	11,306
Receipts	from	I	A Ziff NO.2 Discretionary	Settlement	101,579	101,579
					214,640	214,640

Granbs to	Total
Institutions	funds
2023	2023
K
296,531	296,531

Grants to	Total
Institutions	funds
2022	2022
F	9
484,462	484,462

			Unrestricted
			funds	Total
			2023	2023
			K
Grants to registered		charities	296,531	296,531
Auditor's fees			7,200	7,200
Administrative	support		18,609	18,609
			322,340	322,340
			Unrestricted
			funds	Total
			2022	2022
			8	5
Grants to registered		charities	484,462	484,462
Auditor's fees			7,200	7,200
Administrative	support		15,235	15,235
			506,897	506,897

			Grant
			funding of	Support	Total
			activities	costs	funds
			2023	2023	2023
				K
Grants to registered		charities	296,531		296,531
Auditor's fees				7,200	7,200
Administrative	support			18,609	18,609
			296,531	25,809	322,340

Analysis ofe	xpend	iture by activities (contin	ued)
			Grant
			funding of	Support	Total
			activities	costs	funds
			2022	2022	2022
			6
Grants to registered		chadities	464,462		484,462
Auditor's fees				7,200	7,200
Administrative	support			15,235	15,235
			464,462	22,435	506,897

	Listed
	investments
Valuation
At 6 April 2022	4,990,824
Revaluations	(500,698)
At 5April 2023	4,490,126

Debtors
	2023f	2022 6
Due within one year
Income tax recoverable	27,457	11,306

2023	2022
5	6
7,200	28,200

Statement	offunds - c	urrent year
		Balance at 5				Gains/	Balance at 5
		April 2022	Income 5	Expenditure	f	(Losses) 5	April 2023
Unrestricted	funds	7,359,832	228,009	(322,340)		(500,598)	5,772,803
Statement	offunds - prior year
		Balance at				Gains/	Balance at
		1 April 2021 F	Income F	Expenditure	5	(Losses) 6	5 April 2022 5
Unrestricted	funds	7,016,026	214,640	(506,897)		646,061	7,369,832

Analysis ofnet assets between funds -current ye	ar
	Unrestricted	Total
	funds	funds
	2023	2023
	K	5
Fixed asset investments	4,490,126	4,490,125
Current assets	2,269,877	2,289,877
Creditors due within one year	(7,200)	(7,200)
Total	6,772,803	6,772,803

	Analysis ofnet assets b	etwe	en f	u	nds	- prior	yea	r
										Unrestricted	Total
										funds	funds
										2022	2022
										F
	Fixed asset investments									4,990,824	4,990,824
	Current assets									2,407,208	2,407,208
	Creditors due within one year									(28,200)	(28,200)
	Total									7,369,832	7,369,832
13.	Reconciliation of net movement			in funds to			net	cash flow	from operating	activities
										2023	2022
										6	6
	Net income/expenditure Activities)	for	the		year	(as	per	Statement	of Financial	(597,029)	353,804
	Adjustments for:
	Investment income show	in investing			activities					(226,009)	(214,640)
	Losses/(gains) on revaluation		of investments							500,698	(646,061)
	(Increase)/ decrease in debtors									(16,151)	192,085
	Decrease in creditors									(21,000)	(26,506)
	Net cash used in operating		activities							(359,491)	(341,318)
14.	Analysis ofcash and cash equivalents
										2023	2022
											6
	Cash and cash equivalents									2,262,420	2,395,902