2023-06-30-accounts

		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	4
Report ofthe Independent Auditors	5	to	7
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement		10
Notes tothe Cash Flow Statement
Notes tothe Financial Statements	12	to	22

TRUSTEES	L Noe
	S D Noe
	S Kanter
	SMNoe
	A Karsberg	(appointed				22.1.24)
CHARITY SECRETARY	R Chalk
PRINCIPAL ADDRESS	30 Market	Place
	London
	W1W BAP
REGISTERED CHARITY NUMBER	276441
AUDITORS	Melinek Fine		LLP
	Chartered	Accountants
	Statutory Auditors
	First Floor,	Winston			House
	349 Regents		Park Road
	London
	N3 1DH
SOLICITORS	Fladgate LLP
	16Great Queen			Street
	London
	WC28 5DG
BANKERS	Metro Bank
	1 Southampton			Row
	London
	WC1B 5HA

			2023	2022
			Unrestricted	Total
		Notes	fund E	fundsI
INCOME AND ENDOWMENTS	FROM
Donations and legacies			643,916	3,803,561
Investment income			3,966,015	2,049,559
Total			4,609,931	5,853,120
EXPENDITURE ON
Raising funds			1,099,109	995,551
Charitable activities
Education and training			1,430,772	1,470,909
The advancement of health			1,150,880	100,280
The prevention and relief of poverty			499,196	624,635
Religious activities			222,986	179,161
Other charitable purposes			267,495	329,167
Other			119	87,574
Total			4,670,557	3,787,277
Net gains/(losses) on investments			(1~097297)	4 127247
NET INCOME/(EXPENDITURE)			(1(157923)	6 193~090
RECONCILIATION OF FUNDS
Total funds brought forward			26,675,174	20,482,084
TOTAL FUNDS CARRIED FORWARD			25,517,251	26,675,174

	Balance Sheet
	303UNE 2023
		2023	2022
		Unrestricted	Total
	Notes	fund	fundsI
FIXEDASSETS
Tangible assets	13	30,000	30,000
Inveshnents
Investments	14	I	2,829,836
Investment property	15	35,427,000	40,210,000
		3545700t	43 069~836
CURRENT ASSETS
Debtors	16	1,415,733	1,733,981
Investments	17	2,060,000
Cash at bank		4,437,269	613,103
		7,913,002	2347,084
CREDITORS
Amounts falling due within one year	18	(2,955,504)	(4,071,783)
NET CURRENT ASSETS		4,957,498	(1,724,699)
TOTAL ASSETSLESSCURRENT LIABILITIES		40414~499	41345 137
CREDITORS
Amounts falling due after more than one year	19	(14,897,248)	(14,669,963)
NETASSETS		25,517,251	26,675,174
FUNDS	22
Unrestricted funds		25 517251	26~675 174
TOTAL FUNDS		25,517,251	26,675,174

			Notes	2023I	2022 6
Cash flows from operating		adivities
Cash generated from operaiions			1	(2,403,451)	1,180,578
Net cash (used in)/provided	by operating		activities	(2,403,451)	1,180,578
Cash flows from investing		activities
Purchase of investment property				(109,448)	(4,508,220)
Sale offixed asset investments				2,774,986	350,000
Sale of Investment property				3,850,000
Interest received				20,234	2,025
Dividends received				1,862,207
Net cash provided by/(used	in) investing		activities	8,397,979	(4,156,195)
Cash flows from financing		activities
Proceeds from borrowlngs					2,496,493
Loan repayments in year				(1,548,072)	(548,724)
Interest paid				(622,290)	(542,968)
Net cash (used in)/provided	by financing		activities	(2,170,362)	1,404,801
Change in cash and cash	equivalents		in
the reporting period				3,824,166	(1,570,816)
Cash and cash equivalents		atthe
beginning ofthe reporting		period		613,103	2,183,919
Cash and cash equivalents		atthe end of
the reporting period				4,437,269	613,103

RECONCILIATION	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	TO NET CASH FLOW	FROM OPERATING	FROM OPERATING
ACTIVITIES
					2023	2022
					f	f
Net (expenditure)/income		for the reporting	period	(as per the
Statement ofFinancial Activities) Adjustments for:					(1,157,923)	6,193,090
Losses/(gain) on investments Interest received					1,097,297 (20,234)	(4,127,247 ) (2,025)
Dividends received					(1,862,207)
Interest payable					622,290	542,968
(Increase)/decrease	in debtors				(1,741,752)	319,805
Increase/(decrease)	in creditors				659,078	(1,746,013)
Net cash (used in)/provided		by operations			(2,403,451)	1,180,578
ANALYSIS OF CHANGES IN		NET DEBT
				At 1.7.22	Cash flow	At' 30.6.23
				f	f	f
Net cash
Cash at bank				613,103	3,824,166	4,437,269
				613,103	3,824,166	4,437,269
Liquid resources
Deposits included in	cash
Current asset investments					2~060~000	2,060,000
					2,060,000	2,060,000
Debt
Debts falling due within I year				(1,675,647)	1,275,647	(400,000)
Debts falling due aRer 1year				(14,135,063)	272,425	(13~862638)
				(15810(710)	1 548 072	(14~262638)
Total				(15~197607)	7432)238	(7765369)

DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES
					2023	2022
					f	f
Donations					643,916	3,803,561
INVESTMENT INCOME
					2023	2022
					f	f
Rents received					2,083,574	2,047,534
Fixed asset Investments					1,862,207
Deposit account interest					20,234	2,025
					3,966,015	2,049,559
RAISING FUNDS
Investment management	costs
					2023	2022
					f
Management costs					47,263	58,'I14
Property repairs &Maintenance		costs			48,223	42,109
Rates &Insurance					81,754	97,272
Legal ik Professional fees					269,833	228,050
Other porffollo management	cost				29,746	26,738
Interest payable &bank charge					622,290	542,968
					1,099,109	995,551
CHARITABLE ACTIVITIES COSTS
The total grants paid to institutions			during	the year was as follows:
					2023	2022
					f	f
Great Ormond Street Children's		Hospital			1,000,050
The Kemach Foundation					690,405	686,055
Other donations less than f300,000					1,880474	2,018,097
					3,571,329	2,704,152
GRANTS PAYABLE
					2023	2022
					f	f
Education and training					1,430,772	1,'i70,909
The advancement of health					1,150,880	100,280
The prevention and relief of poverty					499,196	624,635
Religious activities					222,986	179,161
Other charitable purposes					267,495	329,167
					3,571,329	2,704,152

SUPPORT COSTS
					Governance
					costs
					f
Other resources expended					12,847
AUDITORS' REMUNERATION
				2023f	2022 f
Fees payable to the charity's	auditors	for the audit of the charity's	financial
statements				12,847	9,435

COMPARATIVES FOR THE ST	ATEMENT OF FINANCIAL ACTIVITI	ES
		Unrestricted
		fund
		f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		3,803,561
Investment Income		2,049,559
Total		5,853,120
EXPENDITURE ON
Raising funds		995,551
Charitable activities
Education and training The advancement of health		1,470,909 100,280
The prevention and relief of poverty		624,635
Religious acbvities		179,161
Other charitable purposes		329,167
Other		87,574
Total		3,787,277
Net gains on investments		4,127,247
NET INCOME		6,193,090

COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVIT	IES - continued
		Unrestricted
		fund
		E
RECONCILIATION	OF FUNDS
Total funds brought	forward	20,482,0$'-I
TOTAL FUNDS CARRIED FORWARD		26,675,174
TANGIBLE FIXED	ASSETS
		Freehold
		propert]'
		E
COST
At 1July 2022 and 30June 2023		30,000
NET BOOK VALUE
At 30June 2023		30,000
At 30June 2022		30,000

FIXEDASSETINVESTMENTS
	Usted	Unlisted
	Investments	investments	Totals
	E	E	E
MARKET VALUE
At 1 July 2022	19,835	2,810,001	2,829,836
Dlsposals	(19,835)	(2,810,000)	(2,829,835)
At 30June 2023
NET BOOK VALUE
At 30June 2023
At 30June 2022	19835	2 810 001	2~829g836

FAIR VALUE
At 1July 2022	40,210,000
Additions	109,448
Dlsposals	(3,850,000)
Revaluation	(1,042,448)
At 30June 2023	35~427~000
NET BOOK VALUE
At 30June 2023	35,427,000
At 30June 2022	40,210,000

Fair value	at 30June 2023 is represented	by:
			I
Valuation	In 2019		(1,537,576)
Valuation	In 2020		141,127
Valuation	in 2021		(93,000)
Valuation	in 2022		4,126,780
Valuation	in 2023		(1,042,448)
Cost			33,832,117
			35,427,000

DEBTORS:A	MOUNTS FALLING DUE WITHIN ONE YE	AR
		2023	2022
		6	6
Trade debtors		124,134	171,742
Other debtors		1,048,438	1,205,819
Prepayments	and accrued income	243,161	356,420
		1,415,733	1,733,981

CURRENT ASSETINVES	TMENTS
		2023	2022
		E	E
Otherinvestments		2,060,000
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2023	2022
		E	E
Bank loans and overdrafts	(see note 20)	400,000	1,675,647
Trade creditors		19,266	9,157
Taxation and social security		67,685	105,745
Other creditors		2,468,553	2,281,234
		2~955~504	4,071,783

CRE	DITORS: AMOUNTS FALLING DUE AFTER MO	RE THAN ONE YEAR
		2023	2022
		E	E
Bank	loans (see note 20)	13,862,638	14,135,063
Other	creditors	1,034,610	534,900
		14,897,248	14,669,963

					2023	2022
					E	E
Amounts	falling due		within	one year on demand:
Bankloans					400,000	1,675,647
Amounts	falling due		in more than five years:
Repayable		otherwise	than	by Instalments:
Bankloans		more 5 yrs non-Inst			13,862,638	14,135,063

	The following	secured d	ebts are	induded within creditors:
						2023	2022
							f
	Bank loans					14,262,638	15,810,710
22.	MOVEMENT	IN FUNDS
						Net
						movement	At
					At' 1.7.22	in funds	30.6.23
					f	f	f
	Unrestricted	funds
	Generalfund				26 675 174	(1157923)	25~517~251
	TOTALFUNDS				26,675,174	(1,157,923)	25,517,251
	Net movement	In funds,	Included	in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources f	expended f	losses f	in funds f
	Unrestricted	funds
	Generalfund			4f609931	(4670 557)	(1097297)	(L157(923)
	TOTAL FUNDS			4,609,931	(4,670,557)	(1,097,297)	(1,157,923)

Compar	atlve	s for movem	ent in f	unds
							Net
							movement	At
						At 1.7.21	in funds	30.6.22
						f	f	f
Unrestricted		funds
General	fund					20/482~084	6,193,090	26,675,17'}
TOTAL	FUNDS					20,482,084	6~193090	26 675 174
Comparative		net movement	In funds,	included	in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources f	expended f	losses f	in funds f
Unrestricted		funds
General	fund				5,853,120	(3,787,277)	4,127,247	6,193,090
TOTAL	FUNDS				5 853 120	(3787~277)	4 127247	6,193,090

charitable	rate. The detail	s are as follows:
			2023	2022
			E
Investment	Management	Costs	60,879	58,697
Property sale/purchase			9,625
Capltalised	Finance Costs			8,166
			70,504	66,863

			2023	2022
			E	6
The Kemach Foundation			690,405	686,055
Kemach	Kidum	Miktzoee Chareldl	141,413	126,930
The Jacob Foundation			25,000	50,000
London	School	ofJewish Studies	16,400
			873,218	862,985

							2023	2022
							E
Financial	assets	measured at fair value through			income and
expenditure
Financial	assets measured at fair value through		income		and expenditure		35x457,001	43,039,836
Financial	assets	that are debt instruments	measured at
amortlsed cost
Flnandal	assets that are debt instruments measured			at	amortised	cost	7~913~002	2,347,084
Financial	liabilities measured at amortised		cost
Financial	liabilities	measured at amortised cost					17,852,752	18,7'l1,7'I6

The total future minimum lease payments receivable under n	on-cancellable operating leases are	as follows'.
	2023	2022
	E	I
Not later than 1year	1,633,413	1,700,347
Later than 1year and not later than 5 years	3,834,101	4,072,568
Later than 5 years	1,361,590	1,928,100
	6I829I104	7,701,015