## 

|||Page|
|---|---|---|
|Trustees'<br>Report||I to 3|
|Independent<br>Examiner's|Report to the Trustees||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Notes to the Financial Statements||7to 11|
|Schedule ofListed Investments||12to 15|





# 

# 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

|||||General Fund|General Fund|
|---|---|---|---|---|---|
|||||2022|2021|
||||Notes|||
|Income and Endowments||||||
|Investment<br>Income||||154,423|111,295|
|Endowments||||||
|Other income||||||
|Bank Interest received||||42||
|Income Tax Repayable||||1,799|5,824|
|Total Income||||f,156,264|f.117,119|
|~K*<br>Cht||||||
|Ex enditure<br>on Charitable|Activities:-|||||
|Direct Charitable<br>Expenditure|-Grants|||191,015|179,711|
|Support Costs (all Governance<br>Costs)||||39,071|38,906|
|Total Kx enditure<br>on Charitable||Activities||f230,086|f218,617|
|Net (Outgoing)<br>resources for the||year||(73,822)|(101,498)|
|Other Reco nised Gains||||||
|Gains on Listed Investments:-||||||
|Realised||||19,599|24,952|
|Unrealised||||222,958|1,020,132|
|Net Movement<br>in Funds||||168,735|943,586|
|Unrestricted<br>Funds balance|brought|||||
|fonvard at 6April 2021||||4,457,224|3,513,638|
|Unrestricted<br>Funds balance|carried|||||
|fonvard at 5April 2022||||f4,625,959|f4,457,224|





## 

## 

|||||Notes|2022|2021|
|---|---|---|---|---|---|---|
|Fixed Assets|||||||
|Listed Investments|||||4,590,815|4,477,552|
|Current Assets|||||||
|Debtor (Amount held|by Investment||Managers)||45,747|15,662|
|Sundry Debtors|||||1,799|5,824|
|Balance at Bank|||||7038||
||||||54,584|21,486|
|Less: Creditors: Amounts||falling|||||
|due within one|year|||6|19,440|41,814|
|Net Current Assets/|iabilities||||35,144|(20,328)|
|Net Assets|||||f4,625,959|j4,457,224|
|Rated B:|||||||
|Designated<br>Funds —Fixed||Assets||8|4,590,815|4,477,552|
|Unrestricted<br>Funds —General Reserves||||8|35,144|(20,328)|
||||||K4,625,959|f4,457,224|






## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

|2.|Investment|Income|||
|---|---|---|---|---|
||||2022|2021|
||Dividends|and Interest on|||
||Listed Investments||154,423|111,295|
||Bank Interest||42||
||||f.154465|Kill 295|



|3.|Direct Charitable Ex enditure —Grants|Direct Charitable Ex enditure —Grants|Direct Charitable Ex enditure —Grants|Number of|Number of|Number of||Number|of||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Grants|in|year||Grants in|year||
|||||to 5/4/22|||2022|to 5/4/21||2021|
||Charitable<br>Donations:||||||||||
||Machon Mealiyot|||||||||6,500|
||Na Laga'at|||||||||1,000|
||London School ofJewish||Studies|||||||1,000|
||BC Shaare Zedek UK||||||2,000|||1,000|
||Chai Lifeline Cancer||||||1,000|||1,000|
||The Israel Free Loan Association|||||||||1,000|
||World Jewish Relief||||||5,000|||5,000|
||Jewish Care||||||3,000|||3,000|
||B'nai B'rith Hillel Foundation||||||3,000|||3,000|
||Benji Hillman<br>Foundation|||||||||1,000|
||Arachim||||||2,000|||2,000|
||Chasdei Yoel||||||1,250|||1,000|
||Disabled Living Foundation||||||1,000|||1,000|
||University<br>Jewish Chaplaincy||||||2,000|||2,000|
||Age UK||||||1,000|||1,000|
||ACT||||||1,000||||
||National<br>Osteoporosis|Society|||||1,000|||1,000|
||Jerusalem<br>College ofTechnology|||||||||1,000|
||Seed||||||1,200|||1,200|
||Norwood||||||1,000|||1,000|
||Friends ofSH Hospital||||||5,000|||5,000|
||Matan||||||2,000|||1,000|
||Baits charity||||||2,000|||2,000|
||Tomchei Shabbos||||||6,250|||1,294|
||Amit||||||1,000||||
||Yeshiva Ma'arava||||||8,500|||8,000|
||Ezrat Avot|||||||||1,200|
||Mosaica Centre for Conflict Resolution||||||2,000|||2,000|
||Pa'amonim|||||||||1,100|
||Simon Marks Jewish Primary School||||||1,000|||1,000|
||Yeshivat Har Etzion|||||||||2,000|
||Yad Vashem||||||1,000|||1,000|
||Aish Hatorah||||||1,000|||1,000|
||Chug Ha'amakim||||||4,000|||2,000|
||Magen David Adorn||||||1,000|||1,000|
||Leukaemia UK||||||1,000|||1,000|
||Friends ofYad Sarah||||||1,000|||1,000|
||Hayeshiva<br>Hagadda Or Etzion|||||||||10,000|
||Boys' Town Jerusalem||||||1,000|||1.000|
||Central Square Minyan||||||2,000||||
||Bridge Lane Beth Hamidrash||||||3,350|||1,350|
||||carried forward|||38|68,550||42|78,644|





## 

## 

|||||Nuns ber|of|Number of||
|---|---|---|---|---|---|---|---|
|||||Grants<br>in|year|Grants in yenr||
|||||to 5/4/22|2022|to 5/4/21|2021|
|brought forward|||||68,550|42|78,644|
|Shirat Yisrael|||||16,000|1|8,000|
|Hebrew University ofJerusalem||||||1|5,000|
|Jerusalem<br>Music Conservatory||Hassadna|||2,000|1|2,000|
|Or Shalom Vachesed||||||2|1,450|
|Yeshivat Ohr Torah Stone|||||10,000|||
|Ahavat Hadassah|||||16,000|1|8,000|
|Tzvia Reshet Chinuchit|Tonnet||||2,000|||
|North London Welfare|||||1,000|||
|YLT|||||2,750|2|2,000|
|Yeshivat Chevrat Hatora|||||3,700|1|4,000|
|Nachlas Bnei Shimon||||||1|2,500|
|UKFriends ofAfikim,|||||2,000|1|2,000|
|Yeshaya Adler Memorial|Fund||||16,500|2|16,000|
|UK Toremet|||||1,000|||
|Yad Eliezer Trust||||||1|1,250|
|UCL Development<br>OBice|||||2,000|1|2,000|
|Protection ofNature Charitable||Trust||||||
|Mesila UK||||1|2,500|1|2,000|
|Melabev||||1|5,000|||
|Karov Eli Leavraham||||1|5,000|1|5,000|
|Jerusalem<br>Symphony<br>Orchestra||||1|6,000|2|10,000|
|Chasdei Sholom||||2|2,000|||
|BeitNatan||||1|2,000|||
|BeitMoreshet Maale Adumin||||2|15,000|2|17,500|
|Aleh Charitable<br>Foundation||||1|1,000|1|1,000|
|Other (all less than g1,000)||||29|9,015|39|11,367|
|||||95|191,015|103 f179,711||
|NOTE:- All grants were|institutional||grants for|the purposes|of:-|||
|Education||||20|59,750|23|70,750|
|Religious Activities<br>and Communal||||10|40,000|7|29,500|
|Medical Care and Welfare||||22|26,000|22|19,994|
|Cultural<br>and Recreation||||9|10,915|15|17,017|
|Care and Welfare||||34|54,350|36|42,450|
|||||95|191,015|103 f179,711||





## 

|4.|Su<br>ort Costs<br>all Governance|Su<br>ort Costs<br>all Governance|Su<br>ort Costs<br>all Governance|Costs|Costs||||||
|---|---|---|---|---|---|---|---|---|---|---|
||in res ectofCharitable|Activities|||||||2022|2021|
||Accountancy (f12,600)and||||||||||
||costs ofIndependent<br>Examination|||(f3,000)|||||15,600|15,600|
||Accountancy<br>re previous|years|||||||240|2,880|
||Investment<br>Management|Fees|||||||22,632|19,779|
||Bank Charges||||||||599<br>f39,071|647<br>f38,906|
|5.|Fixed Assets-Investments||||||||||
||Listed Investments||||||||||
||Market Value at 6April|2021|||||||4,477,552|3,502,208|
||(Disposals) in year||||||||(135,726)|(146,948)|
||Acquisitions<br>in year, at cost||||||||26,031|102,160|
||Net Unrealised<br>Gains||||||||222 938|1020 132|
||Market Value at 5 April|2022:-|||||||||
||(as valued by the Investment|Managers||Close|Brothers Asset Mg3ut.i||||f4,590,815|f4,477,552|
||Details ofthe Listed Invesnnents||held are||shown||on pages|12to 15.|||
||Historical cost and value|when|settled||ofListed Investments||||f2,938,535|f2,979,812|
||The following<br>investments<br>comprised||||more than 10%||||||
||ofthe total Listed Investments||portfolio:||||||||
|||||||Market Value at|||5/4/22||
||Experian Pic||||||||||
||18,488 Ordinary<br>Shares||||||||||
||of10US Cents|||||||f,546 690|||
||||||||||2022|2021|
|6.|Creditors: Amounts<br>fallin<br>due|||within||one|ear||||
||Accruals||||||||19,440|37,884|
||Bank Overdraft|||||||||3,930|
||||||||||f19,440|f41,814|



## 



|8.|Unrestricted<br>Funds||Designated|General|
|---|---|---|---|---|
|||Total|Funds<br>—|Reserves|
||||Fixed Assets||
||Balance at 6April 2021|4,457,224|4,477,552|(20,328)|
||Net Movement<br>in Funds||||
||for the year-increase|168,735||168,735|
||Transfer between Funds||113,263|(113,263)|
||Balance at 5April 2022|f4,625,959|X4,590,815|f35,144|



## 

## 



## 

||||COST|MARKET VALUE|
|---|---|---|---|---|
|Royal Dutch Shell<br>2500 "B"Shares|||30,246|53,025|
|South 32|||||
|7500 Ordinary|Shares||7,914|22,575|
|Skipton Building Society|||||
|10000 12.875%Permanent|||||
|Interest-Bearing|Shares||11,307|21,876|
|Land Securities|Group||||
|7500 Ordinary|Shares||63,069|58,860|
|GlaxoSmithKline|||||
|14000 Ordinary|Shares||181,313|238,532|
|BTGroup|||||
|15000 Ordinary|Shares||38,353|27,698|
|Unilever pic|||||
|4000 .031111pOrdinary||Shares|95,151|141,460|
|Asbazeneca|||||
|2500 Ordinary|Shares||93,108|258,350|
|Anto fagasta|||||
|4250 Ordinary|Shares||55,112|72,718|
|BMO Commercial<br>Property|||||
|100000 Ordinary<br>Shares|||113,869|116,000|
|Gilead Sciences|Inc||||
|450 Common stock|||26,906|20,482|
|Centrica|||||
|9000 Ordinary|Shares||28,965|7,173|
|||carried fonvard|745,313|1,038,749|





## 

|SCHE||DULE O|FLISTED|INVKSTM|KNTS AT 5AP|RIL 2022 (continued|
|---|---|---|---|---|---|---|
||||||COST|MARKET VALUE|
||||brought|forward|745,313|1,038,749|
|Burbeny Group|||||||
|11715 Ordinary||Shares|||2,623|196,226|
|Experian Group|||||||
|18,488 Ordinary||Shares|||14,731|546,690|
|Vodafone Group|||||||
|104545 Ordinary||Shares|||120,692|131,183|
|Reckitt Benckiser|||||||
|3750 Ordinary|Shares||||112,542|223,425|
|BP|||||||
|15000 Ordinary||Shares|||75,804|57,435|
|BHP Group Pic|||||||
|3750 Ordinary|Shares||||58,747|111,169|
|British Land|||||||
|15000 Ordinary||Shares|||93,006|79,800|
|Legal XGeneral|||||||
|20000 Ordinary||Shares|||49,828|54,540|
|Galliford Try|||||||
|30000 Ordinary||Shares|||30,414|50,640|
|Kier Group|||||||
|65,652 Ordinary||Shares|||190,062|54,206|
|Verizon Communications|||||||
|6969 Common|Stock||||98,419|280,150|
|Indivior Pic|||||||
|3500 Ordinary|Shares||||2,077|10,633|
||||carried|forward|1,594,258|2,834,846|





## 

|||||COST|MARKET VALUE|
|---|---|---|---|---|---|
||||brought forward|1,594,258|2,834,846|
|Next Plc||||||
|300 Ordinary|Shares|||15,227|18,462|
|Persimmon<br>Pic||||||
|4500 Ordinary||Shares||63,871|99,540|
|Rio Tinto Plc||||||
|2500 Ordinary||Shares||74,665|153,000|
|Sainsbury (I)Plc||||||
|30000 Ordinary||Shares||103,688|73,980|
|The Berkeley|Group Holdings|||||
|2770 Ordinary||Shares||68,084|107,061|
|D S Smith Plc||||||
|73000 Ordinary||Shares||219,118|233,308|
|Apple Inc||||||
|3000 Common||Stock||49,405|400,037|
|lnchcape Plc||||||
|7000 Ordinary||Shares||44,259|47,460|
|Paypoint Plc||||||
|5000 Ordinaty||Shares||42,168|29,250|
|ShaAesbury<br>Plc||||||
|5603 Ordinary||Shares||44,983|34,010|
|Close Brothers||Group Plc||||
|5000 Ordinary||Shares||73,127|60,700|
|Vistry Group Plc||||||
|17218 Ordinaty||Shares||234,046|163,743|
||||carried forward|2,626,899|4,255,397|





## 

||||COST|COST|MARKET VALUE|
|---|---|---|---|---|---|
|||brought forward|2,626,899||4,255,397|
|Headlam<br>Group||||||
|15000Ordinary|Shares|||69,157|57,300|
|Johnson||||||
|3200 Ordinary|Shares|||101,358|62,368|
|Morgan Sindall|Group Plc|||||
|5000 Ordinary|Shares|||68,538|118,250|
|Sthree Pic||||||
|25000 Ordinary|Shares|||72,583|97,500|
|Total|||X~2|3R 535|f4 590 815|