2023-04-05-accounts

Contents
		Page
Charity Information
Report of the Trustees.	.	2-4
Independent Examiner's	Report .
Statement of Financial	Activities.
Balance Sheet ..
Notes to the Financial Statements		.8-15

				2023	2022
			Note	E
Income from:
Investment income				122 349	11029
Total income				122,349	11,029
Expenditure on:
Investment management		fees		109,917	94,942
Charitable activities				336,783	81,088
Foreign currency exchange aine losses				(201,204)	(64,024)
Total expenditure				245,496	112,006
Net (expenditure) recognised gains	before other			(123,147)	(100,977)
Net aine/ losses	on investments			551 256	14269
Net movement in	funds			(674,403)	(86,708)
Fund balances brou	ht forward			5 404 631	5 491 339
Fund balances carried forward			9, 10	4,730,228	5,404,631

Balance Sh	ee	t	as a	t 5	April	2023
						Note	2023		2022
							6		6
Fixed assets
Investments								3,868,798		3,011,236
Current assets
Debtors							309,097		315,208
Cash at bank and		in	hand				561 884		2 089 951
							870,981		2,405,159
Creditors
Amounts fallin	due		within	one	ear	8	9 551		11764
Net current assets								861430		2 393395
Net assets								4,730,228		5,404,631
Unrestricted	funds:
Capital funds
Endowment funds						9,10		3,865,148		4,617,608
Income funds
General unrestricted			funds			910		865 080		787,023
Total funds						9,10		4,730,228		5,404,631

			2023	2022
Investment	income		E	E
Bank interest	receivable	—UK	63,846	43
Bank interest	receivable	—Overseas	25,766	4,142
Diwdends received —UK			16,309	204
Diwdends received —Overseas			16428	6 640
			122,349	11,029

			2023	2022
			E
Support Grants	costs (note 3.1) a able note 3.2		36,351 300 432	54,787 26 301
			336,783	81,088

Year ended	5 April 2023	Governance	Charitable	2023	Basis of
		costs	activities	Total	allocation
		E	E
Accountancy	fees	11,770		11,770	Direct
Administrative	fees		19,847	19,847	Direct
Professional	fees		464	464	Direct
Other costs			4 270	4 270	Direct
		11,770	24,581	36,351
Year end ed	5 April 2022	Governance	Charitable	2022	Basis of
		costs	activities	Total	allocation
		E	E	E
Accountancy	fees	5,154		5,154	Direct
Administrative	fees		47,446	47,446	Direct
Other costs			2 187	2 187	Direct
		5,154	49,633	54,787

			2023f	2022 e
Grants toinstitutions comprise:
The Rifles			5,000
Israel Friends of Beit Hatfutsot	Association		32,962
Royal Opera House Coven Garden		Foundation	30,000
Molesey Boat Club			13,000
Holon Theatre Music & Dance			29,686
The Rotary Club			5,000
Yehoraz Foundation			16,512
The Olympic Committee of Israel			32,971
Beit Hagefen			42,897
The Israeli Opera Tel Aviv			46,752
The Cameri Theatre ofTel Aviv			32,442
Norwood Ravenswood				10,000
Friends of Daniel for Rowing				10,044
On-Contemporary Circus Creation				5,044
Other donations indiwduall less than F5 000 each			13210	1 213
Total grants			300,432	26,301
Balance committed at the start	of the year
Grants committed			300,432	26,301
Grants aid in the ear			300 432	26 301
Balance committed at the end ofthe year

T	he charity did not have any empl	he charity did not have any empl	he charity did not have any empl	oye	es during th	e y	ea	r or in	the previo	us year.
6	Fixed asset investments
					Unlisted					Other
	Year ended 5 April 2023				equities E				Bonds E	investments	2023 E
	Brought forward valuation								6,037	3,005,199	3,011,236
	Additions							21,691,391		2,271,076	23,962,467
	Disposals							(20,756,158)		(2,068,257)	(22,824,415)
	Realised and unrealised gains/(losses)								(656)	(469,475)	(470,131)
	Foreign exchange ains losses								6,237	183,404	189,641
	Carried forward	valuation						946,851		2,921,947	3,868,798
	Historical cost							935,475		2,931,815	3,867,290
					Unlisted					Other
	Year ended 5 April 2022				equities				Bonds	investments	2022
						E			E	E	E
	Brought forward valuation Additions				4,046,008			53,578 5,561		1,002,259 3,161,246	5,101,845 3,166,807
	Disposals				(4,046,008)			(57,108)		(1,295,950)	(5,399,066)
	Realised and unrealised gains/(losses)								3,045	47,172	50,217
	Foreign exchange ains losses								961	90,472	91,433
	Carried forward	valuation							6,037	3,005,199	3,011,236
	Historical cost								243	2 728 996	2 729 239
										Total	Total
	Investments held are analysed				as follows:					2023	2022
										E	E
	Bonds —unitised	listed investment			held at market		value			246,851	6,037
	Bonds - Multi class investments			held at market		value				700,000
	Other Investments	—Equities	held		at market value					2,353,422	1,983,890
	Other Investments	—Commodities			held at market		value			407,670	541,521
	Other Investments	—Multi class		investments held			at	market	value	160 855	479 788
										3,868,798	3,011,236

N	otes to the Financi	al Statements for the year	ended 5 April 20	23
7	Debtors
			2023	2022
			E	E
	Prepayments			6,111
	Other debtors		309,097	309,097
			309,097	315,208
8	Creditors: amounts	falling due within one year
			2023	2022
			E	E
	Accruals		9,551	4,530
	Other creditors			7 234
			9,551	11,764

St	ovem	ent in	funds
							Other
Year ended							recognised
5 April	2023			Balance at			gains/	Balance at
				6 April 2022	Income	Expenditure	(losses)	5 April 2023
					E		E	E
Endowment fund General unrestricted			fund	4,617,608 787 023	122 349	(201,204) 44 292	(551,256)	3,865,148 '865'080
				5,404,631	122,349	(245,496)	(551,256)	4,730,228
							Other
Year ended							recognised
5 April	2022			Balance at 6 April 2021	Income	Expenditure	gains/ (losses)	Balance at 5 April 2022
						E	E	E
Endowment		fund		4,617,608				4,617,608
General	unrestricted		fund	873 731	11029	112006	14269	787 023
				5,491,339	11,029	(112,006)	14,269	5,404,631

						General
As at 5	April 2023					unrestricted	Endowment	Total
						fund	fund	2022
						E	E	E
Fixed asset investments							3,868,798	3,868,798
Current	assets					870,981	-	870,981
Creditors: amounts		fallin	due within	one	ear	5 901	3 650	9 551
						865,080	3,865,148	4,730,228
						General
						unrestricted	Endowment	Total
As at 5	April 2022					fund	fund	2021
						E	E	E
Fixed asset investments							3,011,236	3,011,236
Current	assets					798,787	1,606,372	2,405,159
Creditors: amounts		fallin	due within	one	ear	11764	-	11764
						787,023	4,617,608	5,404,631

			2023		2022
			E		E
Income
Dividends Ik Interest received				122,349		11,029
Expenditure
Direct charitable	expenditure:
Charitable donations			300 432		26 301
			300,432		26,301
Other expenditure:
Accountancy fees			11,770		5,154
Consultancy fees Administration fees			13,735 6,111		1B,143 29,303
General expenses			241		95
Bank charges			4,030		2,092
Legal expenses			464
Investment management		fees	109,917		94,942
Exchan e sins	losses		201 204		64,024
			(54,936)		85,705
				(245,496)		(112,006)
Net deficit for the year				(123,147)		(100,977)