REGISTERED COMPANY NUMBER: 0090075S (England and Wales)
REGISTERED CHARLTY NUMBER: 252018
Réport of the Trustee$ and
FIna￿la1 Statsments
for the Year Ended 31 March 2024
for
TNE ELLINSON FOUNDATION LIMITED
Melinek Ftne LLP
Chartered Accountants
StstyJtory Auditors
Flrst Hoor, Winston House
349 Regents Park Roaj
Londo
N3 IDH

THE ELLINSON FOVNDATZON LIMITED
Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
I to 4
Report of the Independent Au(Iltors
statement of Flnancial Activities
Balance Sheet
Notes to the Financial Statements
10 to 16

THE ELLIN50N FOUNDATION LTMITED {REGISTERED NUMBER: IJ0900755)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
The truste&s who are also dlrectors of the charfty for the purposes of the Companies Att 20061 present thelr ieport with
the financlal statements of the charity for the year ended 31 March 2024. The trustees have adopted the prOvI￿OnS of
Accountlng and Reportlng by Charitie5.' Statetnent of Recotnmended Prrtct￿e applicable to charitie5 preparing thelr
ounts in accordance wlth the Fknanclal Rewrting Stsndard ap ￿lcable in the UK and Republic of [relar￿ (FRS 1021
leffectwe l January 2Q191.
OBJECTIVES AND ACTIVITIES
ObJectSves and alms
The Charity was e5tabllshed to support the actmtles of retsglous Jewish organisations recognised as charitable by English
Law both in the Unlted Kingdom and abroad, especlèlw those In the field of educatlon and relief of povety. The Trustees
regularly support a signrficant number of Insbthtlons and organlsatlons both In the Unlted Klngdom and abroad which
meet the Charltys criteria.
The Charlty Is also supportwe of o¥ganisations which are soldy committed to the relief of povety. Such organisations
sslst needy Jewlsh famllies through both financial and non-finanoal grants and dlstributlon of grants, donations to
oryallisat¢ons that fall withln the Ob]￿tiveS of the Char4ty.
Publlc beneflt
The Tru5tee5 confirm that they have referred to the guidan￿ contained in the Charity Commission's general guldance on
public EEnefit when reviewing the Charlty's alms and oblectlves and in plannlng future acNvities and setting the grant
makng policy for the year by ensuring that It does not place undue restrictions on organlsatlons seekng grants from the
charlty.
Grant Maklng PolScy
The Charity makes Grants and Donations lo Cdleg& and Insknlutions for the advancement of rellglon and educati¢￿ and
to Instiiut¢ons for the relief of poverty In accordan￿ trAth the Charltys objettlves. The reclplent lnstitutlons are based
both in the United Kingdom and abroad.
In making Grants and Donations, the Trustee5 use their personal knowledge DF the Instit￿tiOn, its rerfftsentètlves,
otEratlonal efficiency and reputation.The Trustees monltor the applI￿￿on of the Grants and Donations by meeting with
representatives of the Institutions and abtalning Informitlon as io the utlllsatlons of funds.
ACHIEVEMENT AND PERFORMANCE
Charltable activlties
During the year the Charity contlnued its CharIta￿e act5v1t￿5 In support of rellglous, educatbnal and other Charitsble
InstitUt￿n5. Charitable donatK)ns totalled £237,96512023.'£287,0011.
Investment performance
The Tru5t&s monitor the Charlty's wformance progress against ti s objectives ènd the fEnanclal performance of
operations on a regular basls.The CharlLVs Investment woperties are Included In the accounts at the mosi re￿nt
valuadon and are held in order to generate Income to promote the Charlty's objectives.
Internal and extemal factors
The Charfty also recelved covenanta incorne from Its subsldlary company. Ozer Properties Umlied.
The deed of covenant r￿dVable Is £9,58512023..£11,8211 for the year.
FINANCIAL REVIEW
Investment pollcy and objertives
Under the MeTnorandum and Articles of Assoclation, the Charity has the power to make investments whkh the Trtsaees
condder approprtate.
The Tiustees conslder the return on investm￿t$, In term of both Income and cap￿1 growth, g￿en the challenging
maiket condltk)ns the Charlty operates within, to be satisfactory,
Page I

THE ELUNSON FOUNDATION LIM￿E0 {REGISTERED NUMBER: 00900755)
Report of the Trustses
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Resen￿$ pollc¥
The trustees have establlshed the level of reseNes (that IS those funds that are freely avallable) that the tharity ought to
have. Rese￿ are reqUI￿d to bridge the gaps behveen spending on propety and donations and rece5ving resour￿5
through rental Income and prowty sale
As at 31 March 2D24, the Charity has total funds of £5,975,072 {2023.. E5,837,9811. These funds Include El,842,108
(2023'.£1,859,7571 whlch arises from the revaluatlon of the Charlty's Investment properties and is not readily avallable for
general purposes. Consequenuy, the Charity has rese￿e5 of £4,132,964 after making allowances for reseNes Trot read15y
avallable.These reseNes include the Tree Reserves of the Charity and are consldered to be adequate and w(Jl be revlewed
perlodically by the Trustees.
FUTURE PLANS
The Trustees plan to continue to make distrlbutk)ns In accordance with their grant making poky and ￿SUre that the
ablllty to generate sufficient income is maintained to achleve that end.
No change In actkwlues Is envlsaged In the Immediate future.
srRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Elllnson Foundation Limited Is a company limited by guarantee governed by ￿ Artkles of A$￿(latIOn. It Is regLstered
as a ¢ha¥ity with the Chaity Commlsslon.
Kecrultment and appointment of new trustees
As *t out In the Artlcles of Assoclalion, The Board of Trustees have the rM)wer to appoint and remove members. There
are two dasses of members, namely Ordinary Members and Fk)norary Members. Honorary members are such Fersons
that the Board may fr(Mn tlme to tlme admlt with their consent In writing.
Organisational strurture
The board of trustees, which can have up to 25 rnember5, admini5ter5 the charity. The board holds a general meetlng
once In every year, within a perlod of not more than fifteen months the holdlng of the precedlng meetlng.
Rdated partios
The char5ty has a close relationship wlth EllSnson Estates LimFted and wth Arleswlte Estates Llmf(ed, corrpanles conlrdled
by the Trustees of the C O and E Elllngon Chlldren's Settlement. U and A Ellinson, directors of the company, are trustees
of this sett￿Ment.
The chèrivs wholly owned subsidLaryi Ozer Properties Limtted, was Incorporated on 31 May 1962, Its prlndpal artfvity
being that of property dealing,
REFERENCE AND ADMINIsfRATIVE DETAILS
Registered Company number
00900755 (England and Wal&)
RegÉstered Charity number
252018
Registered offieÈ
Flrst Floor, Winston House
349 Regents Park Road
London
N3 IDH
Trustees
U Elllnson
A Elllnson
Company SÉcrotary
U Elllnson
Page 2

THE ELLINSON FOUNDATION LIMITED (REGISTERED NUMBER: 00900755)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATfrfE DETAILS
Auditors
Melinek Fino LLP
Chèrtered Accountants
sth￿tory Audltors
First Floor, Winston House
349 Regents Park Road
London
N3 IDH
Soli¢itor$
Bude Nathan Iwanier
1- 2 Temple Fortune Parade
Brldge Lane
London
NWII OQN
Bankers
HSBC pk
110 Grey Street
Newcastk upon Tytte
NEI 6JG
Charity's operatlng address
ELLINSON ESTATES
POB 47859
London
rMii oxu
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are a150 the dlrectors of The Ellinson Foundation Llmited for the purpo￿ of company law) are
responsible for preparing the Rewrt of the Trustees and th& finanoal statèments in attordance wlth applicable law and
United Kingdom Accounting StandBrds {Unlted Klngdom Generally Accepted Accounting Pracvce) induding Financial
Reporting Standard 102 'The Financial Reporting Stsndard appllcable In the UK and Republic of Ireland
Company law requires the to prepare finanual statements for each flnanciBI year which a true and falr vlew
of the stste of affairs of the charltable company and of the incoming resources and applltatlon of resources, Includlng the
Income and expenditure, of the tharltable company for that perFod. In preparing those financial thtements, the trustees
are requlred to
selett suitable accounting poI(c￿5 and then ap￿V thern consisterhtly,.
obseNe the methods and prinaple5 Ill the ChaiSty SORP.,
make judgements and estitnates that are reasonable and pmdent.
prepare the financlal stalements on the golng cOn￿M basES unless it is inapproprlate to PTesurne that the charitable
company will contlnue In buslness.
The trustees are responsib￿ for keeplng proper accountlng records which disck)se wlth reasOna￿e accuiary at any ￿me
the flnanckl posltlon ol the charitable company and to enable them to ensure that the financial statements com￿¥ with
the Companles Act 2006. They are a150 re5PDnsible for safeguarding the assets of the charitable company and hence for
kEng reasonable steps for the prevention afid detectim of fraud and other Irregularltles.
In gj far as the trust￿ are awa￿.
there Is no IElevant audit information of whlch the charStable company's audltors are unaware; and
the trustees have taken all steps that thèy ought to have taken to make themselves aware of any relevant audit
inforwnatian orMI to establlsh that the auditors are aware of that informauon.
AUDITORS
The auditors, Mell￿k Fine LLP. will IE proposed for re-appointrnent at the forthcomlng Annual General Neetlng.
Page 3

THE ELLINSON FOUNDATION LIMITED (REGISTERED NUMBER: 00900755)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
Thls report has been prewred in accordance with the special prowsion5 of Part 15 of the Companies Act 2006 relating to
small compènles.
2011112024
Approved by order of the board of trugtees on .
and slgned on Its behalf by..
Uri Ellinson
U Elllnson - Trustee
Page 4

Report of the Independent Auditors to the Members of
The Ellinson FoLFndation LÈmited (Registèred rtumbèr: 00900755)
Opinion
We have audited the financial statements of The Elllnson Foundation Lifflited (the 'ch4ritable companv) for the year
ended 31 Narch 2024 whlch comprise the Statement ot Financial Actiwties, the Balance Sheet and notes to the flnanclèl
statements, including a sumrnary of significant accountlng polia85. The financi31 reportino framework that has been
applSed In thelr preparats.on Is appllcable law and Unlted Klngdom AcCoun￿ng Standards Iunlted Klngdom Generally
A[￿pted Accounting Pract1￿), includlng Flnancial Reporting Standard 102 The Flnanclal Reportlng Standard applicable in
the UK and Republk of Ireknd,,
In our oplnk)n the financial statements..
glve a true and falr vlew of the stste of the charftable compamvs affalis as at 31 March 2024 and of Its Incorlllng
resources and applicatlon of resources, including its Enco￿e and expendlture, for the year then ended.
have been properly prepared In accordance with Unlted Kingdom Generally Accepted Accounting Pfficil￿, Includlng
Flnancial Reporting Standard 102 The Financlal Reporting Standard applicable in the UK and Republic of Ireland,; and
have been prepared in accordarlce with the requirements of the Companles Act 2QQ6.
Ba515 for opinion
We conducted our auilit in accordan￿ ￿th Intemational Standards on Audit4ng IUKI (ISAS {UKII and appl*aNe law. (Jji
responsibllitles under those standards are further described In the Auditors. res￿nsIbIlitieS for the audit of the financlal
Statements sectlon of our report. We are independent of the charitable COm￿nY in accordance with the ethlcal
requirements that are rdevant to our audit of the financial statements In the UK, Including the FRC'S Ethlcal Standard,
and we have fulfilled our other ethlcal responslbilitie5 in ac(￿danCe with these requirements. We belleve that the audlt
evidence we have obtained is sufflclent and appropriate to provide a basis for our opinion.
Conduslons relatlng to goin9 concern
In audlting the flnancial statements, we have concluded that the trust*s' use of the golng concttn basls of accouni¢ng In
the preparatlon of the finaodal st6tements Is approprtate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or condltknns
that, IndÉvldually or collectlvely, may cast sigrtlficant doubt on the Charital￿e companls abllity to continue as a wing
concern for a period of at least iwelve months from when the flnanclal statements are auth￿Ised for Issue.
Our responsibilities and the responslbSlltles of the trustees with res￿ to ￿Ing concem are described in the relevant
sectlons of thls repo
other Infom1ation
The trustees are responslble for the other information. The other Infomiatlon comprlses the Informatbn induded In the
Annual Report, otheJ thpn the financial statements and our Report of the Independent Audltors thereon.
Our oplnk)n on the financial statements does not c(wer the other informatbn and, except lo the extent otherwise
explidtly stated In our report, we do not exp￿$5 any form of assl$ran￿ Conclu￿on thereon.
In connection with our audlt of the financial statements, our responslbllity Is to read the other Informatlon and, dolng
so, conslder whether the other Informatlon Is materlally inconslstent with the financial statements or our knowledge
obtalned Sn the audit or otherwise appears to be materlally misstated. If we identify such material inconsistencies or
apparent material MI￿lateMentS, we are requlred to determine whether this gives rise to a material misstatetnent the
rinancial 514lements themselves. If, ba￿ on the work we have performa, we conclude that there is a materfal
mlsstateinent of this other informatlon, we are ￿quired to rep(rt that fact. We have nothlng to report in this regard.
Opinion5 on other matters prescribéd by the Companies Act 2006
In our opinion, based on the work undertakert in the course of the audlt..
the Informatlon glven in the Report of the Trustees for the flnanclal year fo¥ whlch the finanoal statements are
prepared is consistent wlth the flnanclal sialements- and
the Report of the Trvstees has IRen prepared in accordance with ap￿[Ca￿e legal requlrements.
Page 5

RepDrt of the Independent Auditors to the Members of
The Elllnson Fovndatlon Limited (Règistered number: 00900755)
Matters on which we are required to rèport by exceptlon
In the light of the knowledge and understanding of the charitalAe company and irs environment 05Aainql in the course of
the audit, we have Trot Identlfled tnaterial mi5Statements In the Report of the Trustees.
We have nothlng to report in of the foll0v￿n9 mattels where the Companles Act 2006 requi￿ us to rep)rt to you
If, in our oplnlon..
adequate accounting records have not been kept or returns adequate for our audlt have not been recelved frorn
branches not vlslted by us, or
the financlal staternents are not In agreement wlth the accounting records and returns. or
rtain dlsclosures of trustees, remuneratlon $￿cIfied by law are not made- or
we have not receNed all the informatlon and explanations we require for ou¥ audFt,' or
the trustees were not entitled to take advantsge of the Small companles exemptlon frorn the requlretnent to prepare
strategic Report or In preparing the Report of the Trustee&
R￿ponsibilItIa$ of t￿￿tee$
As explalned more ful￿ in the Statement of Trustee5' Responslbilltles, the trustees (who are also the dlrectors of the
charitable company for the purwses of wmpany Eawl are ￿spOnsible for the preparat￿￿ of the linanclal statements and
for being satisfied that they giv@ a true and fair view, and for such Internal control as tho trustees determine is lleces￿ry
to enabje tlie preparation of financial ststements that are free from materlal misstatement, whether due to fraud or error.
In preparlng the financlal statementg, the trust￿ ale responsible for aS￿Ing the charitable companys abllty to
contlnue as a going COn￿r￿, discbsln4, as appllcable, matters related to golng concern ond uslng the going concern
basls of accounting unless the trustees either Intend to Ilquidate the charttabk company or to ￿8* O￿at￿)n5, or have
no realistlc alternative but to do so.
Our rè$ptsnsrbilities for the audit of the financial stètÈmÈnts
Our ob]'eclives are to obtsin reasonable assurance about whether the flnantsal statements as a Wha￿ are free from
material misstatement, whether due to fraud or ffror, and to iSSLte a Report of the Independent Audltors that includ
our opinlon. Reasonèbk assurance Is a hlgh level of assuran￿, but Is not a guarantee that an audlt conducted In
accordance with ISA5 IUKI wlll always detect a rnaterfal mlsstatement when it e￿Sts. MIs5taternents can arlse from fraud
or eiror and Bre considered materlal 11, indiwdually or In the aggregate, they could reasonably be expected to Influence
the economK decisions of users tsken on the ba&s of these h'nanclal stateme#ts.
The extent to whlch our pr(vduie5 are capaNe of detecbng irregularltles, includlng fraud is detalled ￿0w.
IrregularFtles, Includlng fraud, are Instances of noll-compllance wlth E3ws and regulatlons. We des(gned pn)cedures In
Ilne with our responsibiliues outlined atM)ve, to detect material mlsstatemersts In re￿ct of Irregularitles, Includlng fraud.
Audit prO￿dureS undertaken In response to the rK>tentlBI rlsks relating to Irregularitles (whlch include fraud and
non-compliantr with laws and regulatbns) comprised of,. inquiries of Management and those charged with governan
s to whether the Charlty complies wlth such laws and regulations,. etTrqulries with the same concerning any attual or
potentlal litigation or dalms; inspeclbn of relevant legal corresponden￿. revlew of truste&s minut&. testing the
appropriateness of entrles in the nominal ledger, Includlng journal entrles,. reviewing trdnsactlons around the end of the
reporting perlod,. ènd the Performan￿ of anawcal procdures to Fdentify unexperted movements In account balan￿S
whKh may be Indlcatlve of fraud.
No Instances of maternal non-complknce were Identlfled. However, the likellhood of detecting Irregularltles, includiTrJ
f￿￿d, is liinited by the Inherent difficulty in detectlng Irregularities, the effect1vene￿ ol the entity's controls, and the
nature, Uming and extent of the audlt pra￿dUr￿ performed. Irregularltles that result from fiaud might be Inherently
more difficult to detett than Irregularltles that result from error. As expEalned above, there 15 3n unavoldable rlsk that
materfal mlsstatements may not be detected, even though the audlt has been planned and performed in accordance wlth
ISAS (UK
A further descllptlon of our re¥K)nsibilit￿$ for the audlt of the financFal statements is locatd on the Flnantial Reporting
Councll's weiKlte at wknw.frc.org.ukla￿lito￿&pons1bllIt￿. This descrlptlon form5 Part of our Report of the Independent
Auditors.
Page 6

Report of the Independent Auditors to the Members of
The Elllnson Foundation Limited (Registered number: 00900755)
USÈ of our report
This report is made solely to the charltable company's members, as a body, in accordan￿ with Chapter 3 of Part 16 of
the Compatbies Act 2006. Our audit woik has been undertaken so that we mlght State to the charitable eompanvs
melnbers those matters we are required to state to them In an audltors. report and for no other purpose. To the fvllest
extent permitted by law, we do not accept or assume responslblllty to anyone other than the charitsble company arKI the
haritsbk compally's members as a body, for our audit work, for thig report, or for the oplnlDns we ha￿ formed.
Aryeh Mellnek {Senlor Ststutory Auditor)
for and on behalf of Mellfiek Flne LLP
Chartered Accountants
Statutory Auditors
Flrst Floor, Winston House
349 Regents Park Road
Londo
N3 IDH
Date.. Z.&../.ij ..Ztr.&.4...............
Page 7

THE ELLTNSON FOUNDATION LIMrrED
statement of Financial Actrviknes
ncorporating an Intome and Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2024
2024
Unrestricted
fvnds
2023
Total
funds
Note5
XNCOME AND ENDOWMENTS FROM
Donatlons and legacles
96,500
InveStM￿t Income
325,912
263,818
Total
422,412
263,818
EXPENDITURE ON
Raising funds
26,269
k2,281
Charltable actlvitles
Donations
237,965
287,001
oth
3,438
3,432
Total
267,672
302,714
Net galnsl{b￿e$) on iTrvestmeftts
(17,6491
NET INCOMEI(EXPENDITURE)
137,091
(38,896)
RECONCILXATION OF FUNDS
Ti)tsl funds broughl forward
5,837,981
5,876,877
TOTAL FUNDS CARRIED FORWARD
5,975,072
5,837,981
The notes form part of these flnonclal statements
Page 8

THE ELLINSON FOUNDATION LIMITED (REGISTERED NUMBER: 00900755)
Balance Sheet
31 MARCH 2024
2024
Unrestricted
funds
2023
Total
funds
Notes
FIXED ASSETS
Xnvestments
Investments
Investment property
13
14
108
5,970,000
108
5,470,000
5,970,108
5,470,108
CURRENT ASSETS
Debtors
Cash at bank
15
26,310
31,359
70,797
358,563
57,669
429,360
CREDITORS
Amounts falling due wSthln one year
16
{52,705)
{61,487}
NET CURRENT ASSETS
4,964
367,873
TOTAL ASSETS LESS CURRENT LIABILITIES
5,975,072
5,837,981
NET ASSETS
5,975,072
5,837,981
FUNDS
Unrestrlcted funds
17
5,975,072
5,837,981
TOTAL FUNDS
5,975,072
5,837,981
These financial statements have been prepared in accordance wlth the provisions applicable to charfta￿e companies
subject to the small companie5 reglme.
The financial statements were approved by the Board of Trustees and authorised for Issue
2011112024
and were signed on Its behalf by:
on
Uri Ellinson
U Ellinson - Trustee
The notes fomi part of these financial statement5
Page 9

THE ELLINSON FOUNDATION LIMITED
Notes to the FSnJnciaS Ststements
FOR THE YEAR ENDED 3X MARCH 2024
ACCOUNTING POLXCIES
Basis of preparing the financlal gtstemants
The financial statements of the charitable company, whlch Is a publlc benefit enUty under FRS 102, have been
prepared In accordanc& with the Charfti￿ SORP IFRS 102) 'Accountlng and Repo￿￿9 by Charltles.. Statomenl or
Recommended Practlce applicable to charltles preparing thelr accounts in accordantr with the Flnanclal ReportÉng
Standard applitable In the UK and Republic of Irelancf IFRS 1021 (effectlve l January 20191., Financial Reportlng
Standard 102 rhe Financlal Reporting Stsndard appllcable in the UK and Repvblic of Ireland. and the Companles
Art 2006. The financlal statements have been p¥epared under the historical cost Convent￿￿, wlth the exception of
Investments whlch ale included at tnarket value, as modifEed by the revaluation of certain assets.
Preparation of consolidated financial statements
The flnancial statements contaln information abDUt The Ellinson Foundatlon Limlted as an Sndivldual company and
do not contsin consolidated flnanclal Informauon as the parent of a group. The charlty Is exempt under WK>n
399{2A) of the Companies Act 2006 fiom the requirements to prepare consolidated finajclal statements.
Income
All income Is recogtttsed In the Statement of Financial Actlvltles once the charity has entitlement th the funds, it is
obable that the Income wlll be recehed and the amount can be measured rellat￿y.
expenditurè
Llabllltles are recognlsed as expencslture as soon as there Is a legal or constructlve obllgation comrnilting the
thaylty to that expendiknre, it is probable that a transfer of econom1c bcnelits will be iequlred in settkment and
the amount of the o￿lgatIon can ￿ measured relkibly. Expenditure Is accounted for on an accruals basls and has
beefi cla55ified L¢nder headlngs that aggiegate all c05t related to the category. Where costs cannot be dlrectly
attributed to particular headlngs they have been allocated to actiWti￿ on a basis conSi￿t with the use of
resources.
Grants offered subject to conditlons whlch have not been met at the year end date are noted as a commitsrent
but not attrued as expenditure.
Investments
Investments In SUb￿d￿rieS are shown at costs le* accumulated ImpalrmenL
Investments in unllsted Cornpany shar￿, whose falr ￿lUeS can be determirÈed, a￿ measured at frdlr value
at each balance sheet date. Gains and losses on measurernent a￿ recognised in the statement of financLIl
activliies for the perlod. Where market value cannot be reliauy determlned, such Investment5 are stated as
h￿torIC cost tess impalrment.
Inveslment properties are carried at falr value determlned annually by the trustees and derlved from the current
arket reTrts and investment property ylelds for comparable real estate, adjusted If necewry for any dlfference In
the nature, location or condltlon of the spedftc prO￿rty. No depreclation is pro￿ded. Changes In value aye
recognised In the statemenl of financial actlvities.
Taxation
The charity is exemr* from corporatlon lax on Its charftsble activI￿eS.
Fund accounting
Unrestrkted funds can be used In accordance wlth the charitable objecbves at the discretlon of the trusteeg.
Restricted funds can only be used for partlcular ￿striCted purposes wlthln the objects of the charlty. Restrictions
arlse when specifled by the donor or when funds are ralsed for particular restrict&d purpase%.
Further exOanation of the nalure and purpose of each fund ￿ hcluded in the notes to the financlal statements.
Financial instruments
The Charity only enter5 into basc financlal Instruments transactyons that result in the recognltlon of financk81
agsets and Siabilitles Ilke trade and other debtors ond creditors.
Page 10
continved...

THE ELLINSON FOUNDATION LIMrrED
Notes to the Flnancial Statements- continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- continued
Flnancial instruments
Debt Instrurnents, Includlng loans and other debtors and credltors, are irEitially measured at present value of the
future cash flows and subseqll2ntly at amortlsed cost uslng the effeclwe interest tnethod. Debt Instruments that
are payable or reTrivable wlthln one year, typicalw trade Payabl￿ or receivables, are measured at the
undiscounted arnount af the cash or other consideration expected to be pald or receP￿d. If the arrangements of a
short-term Instrument constitute a flnanang transacliort, like the ￿¥ment of a trade debt deferred beyond
normal buslness terms or finan￿ at a rate of Inter&t that is not è market rate or in case of an out-right
short-terrn loan not at Ma￿et rate, the financial asset ts measured, inltially, at the pre*nt value of the future
cash flows discounted at a market rate of interest for a slmllar debt instrument and subsequently at amortlsed
costs
CRrrIcAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparatlon of fi'nanchil statements requir￿ man3gernent to exerclse Judgement in apptying the charlty's
accounung pollcles. Estimates and assumptions used in the preparation of the flnancial 5tateme¢)ts are revlewed
and r￿Sed as necessary.
In Jxeparing these flnèncLIl statements, the trustees has made the following judgements..
Investment properties are valued anllually by the twstees with refer￿￿ to current market ¥eTrls and wetds for
ssmllar propertles, in addition to available Informatlon in respect of resale values and property speclfic factors such
as location, coDditk)n ol the property. Therefore the valuations are subject to a degree of oncertalnty, particutarly
in periods of difficult market or economic conditions.
The tNstees are of the view that there are no estlmates or assutnptlons that have a significant rlsk of causlng
material adjustment to the carying amount of assets and Ilalillties,
DONATIONS AND LEGACIES
2024
2023
DOn￿￿On5
96,500
XNVEsfMENT INCOME
2024
2023
Rents receivabte
Shares in group undertakings
Bank Interest recervable
314,007
9,585
2,320
250,380
11,851
1,587
325,912
263,818
Page 11
contlnued...

THE ELLINSON FOUNDATION LIMrrED
Notes to the Financlal Ststèments- continued
FOR THE YEAR ENDED 31 MARCH 2024
RAISING FUNDS
Investment martagoment costs
2024
2023
Ground rent and SeTrry￿ tharges
Rates and water
Properly insuyance
Light and heat
Property repalrs at7d malntenance
Legal and professlonal fees
Management fee
488
2,487
4,193
7,877
2,721
5,115
3,388
163
829
10,743
546
26,269
12,281
CHAR￿ABLE ACTIVThIES COSTS
Grant
funding of
a{tr￿lty&S
(see note
Lknations
237,965
GRANTS PAYABLE
2024
2023
Donatk)ns
237,965
287,001
The total grants pald tn Institutk)ns duilng the year was 85 follows..
2024
2023
Three Pillars
Frfends Df Yeshivas Brlsk
Yeshivat B￿e[ Reem
YAMF
Achlsornosch
Kupat Halr Karen Zaretsky
VHLT Ltd
20,000
10,000
6,501
500
230,000
10,000
220,000
7,965
20,000
237,965
287,001
Page 12
contlnued...

THE ELLINSON FOUNDATION LIMITED
Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
SUPPORT COSTS
Governan
costs
Other ￿SoUrceS expended
3,438
NET INCOMEI(EXPENDITURE)
Net incomellexpendlturel Is slated after charglngl(credltlngl'.
2024
2023
Audltors, remuneratbn
3,300
3,300
10. TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remunwatltsn or other beneflts for the year ended 31 Marth 2024 nor for the year ended
31 March 2023.
Trustees. expenses
There were no trustees, expenses pald for the year ended 31 March 2024 nor for the year ended 3L Morth 2023.
11. STAFF COSTS
No staff were employed durlng the peikjd.
Iz
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestrtcted
funds
INCOME AND ENDOWMENTS FROM
Investment IrKorne
263,818
EXPENDITURE ON
Ra￿1￿￿ funds
12,281
Charitable activities
tbnatlons
287,001
Other
3,432
Total
302,714
NET INCOMEI(EXPENDITURE)
{38,896}
RECONCILIATION OF FUNDS
Total funds broughl forward
5,876,B77
TOTAL FUNDS CARRIED FORWARD
5,837,981
Page 13
contlnued...

THE ELLINSON FOUNDATION LIMThED
Notes to the Flnanclal Statements- eontlnued
FOR THE YEAR ENDED 31 MARCH 2024
13.
FIXED ASSET INVESTMENTS
Shares In
group
undertaklngs
Unlisted
Investments
Totals
COSTIVALUATION
At l April 2023 arKI 31 March 2024
loo
NET BOOK VALUE
At 31 March 2024
100
At 31 March 2023
loo
The￿ were no knvestll￿t assets outside the UK.
The compaoy's Investments at the balance sheet date In the share capital of companles include the followlng..
Ozer Propertles Llmlted
Reglstered Off1￿..
Nature of buslness-. prO￿ty deallng
aass of share..
Ordlnary shares ol £1 each
holdlng
loo
Ozer Properties Llmited Is wholly owned by the charity and owns trading properties which generdte rentsl incoTne.
The taxable proflts ol the subsldlary are grfteij to the charity by way ￿ deed of covenant.
14.
INVESTMENT PROPERTY
COSTIVALUATION
At l April 2023
Additions
Impair￿llts
5,470,000
517,649
(17,6491
At 31 March 2024
5,970,000
NEf BOOKVALUE
At 31 March 2024
5,970,000
At 31 March 2023
5,470,000
Cost of Investment properties £4,127,89212023'.£3,610,243).
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Amounts owed by g¥oup undertaknTrgs
Other debtors
Prepayments and accrued Income
26,147
27,913
41,746
1,138
163
26,310
70,797
P4e 14
continued...

THE ELLINSON FOUNDATION LIMITED
Notes to the Financial Ststements- contÉnued
FOR THE YEAR ENDED 31 MARCH 2024
16.
CREDrroRS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Deferred income
Accrued expenses
49,405
3,300
58,187
3,300
52,705
61,487
17.
MOVEMENT IN FUNDS
Net
movernent
In funds
At
31.3,24
At 1.4.23
Unrestrlcted funds
Generèl fund
5,837,981
137,091
5,975,072
TOTAL FUNDS
5,837,981
137,091
5,975,Q72
Net movernent in funds, induded in the above are as follows..
Inc(wnlng
resources
Resour
expended
Galns and
los*s
Movement
in funds
Unrestricted funds
General fund
422,412
{267,672)
117,649)
137,091
TOTAL FUNDS
422,412
(267,672)
117,649)
137,091
comparat1￿$ for movement in funds
Net
movemellt
In funds
At
31.3.23
At 1.4.22
Unrestrirted funds
General fund
5,876,877
138,8961
5,837,981
TOTAL FUNDS
5,876,877
138,896)
5,837,9BI
Comparative net movernent In funds, Induded In the above are as follows..
Incomlng
resources
Resources
eXp￿ded
Movement
in funds
Unrestrirted funds
General fund
263,818
1302,7141
138,8961
TOTAL FUNDS
263,818
1302,7141
138,8961
Page 15
(nntlnued...

THE ELLINSON FOUNDATION LIMITED
Notes to the Financlal Statements- tontinued
FOR THE YEAR ENDED 31 MARCH 2024
18.
RELATED PARTY DISCLOSURES
The charitable company has taken advantage of exemption, under the terms of Financlal Reporling Stsndard 102
The R'nanclal Reporung Standard applicable in the UK and Republic (rf Ireland,, not to disclose related party
transactions with wholly owned subsidiaries withln the group.
19.
LEGAL STATUS
The charity is a company limlted by guarantee and has no share capltal. The ljablllty of each member in the event
of wlndlng up Is limited to an amount not ex￿edIng £1.
Page 16