THE SHLOMO MEMORIAL FUf4D LllVItTED
.4ND 8ItB8tDDiRY UNDERTAKLNGS
Company No: 1393121
FINANCIAL STATEMENTS
for the year ended
30 SEPTEMBER2024
COHETr4 ARNOLD
CHARTERED ACCOUNTANTS
PEGISTERED AUDITOR
LONDON NWI I OPU

E SHLOMO ￿[￿:mORIAL FLryD LtiTrttTED
AND SUB
..IR Y LryDER1'AKING'S
INDE¥ TO THE F]T4ANCJAL ST.4TF.MENTS
FOR THE YEAR END
D30 SEpr
MBER 2024
Reference ttnd AdministrativeD¢tails
Trustees. Report
8- 11
Audito¢s Report
12
Consolidated Statement ofFinaneial Artivities
13
Corjsolidated Balance Sheet
14
Company Balanrx Sheet
15
Consolidated Cash Flow Stateme
16-32
Notes to the Financial Staiem¢nt5

TBF. SHLOMO IblEMORtAL FUND LtWL TEJ)
.4ND SL71StDL4R Y IfNDERT.JiKtNCS
The Shlomo Memorta] Fund Limited
STATUS:
Incorporated: 9th October 1978
Registeffd ChaTity Nknmber.. 278973
Company RegisrrationNtstDber' 1393121
Mr E K1einern￿rt
Mrs C Lopia
Mr A Toporowitz
Mr H Toporowitz
Mr C Y KaufiTria
Mrm Y Sulam
Mrs E Hoffi)er
SECRETARY:
Mrs C Lopi
PR￿CIPAL OFFICE:
I l Bury New Rood
Manchester
M25 9JZ
REGISTERED OFFICE:
New BuTlington House
1075 Finchley Road
LONDONNWII OPU
AifDITOR:
Cohen Amold
New Burlington House
1075 Finchley Road
LONDON NWI I OPU
Natwest Bank PIC
Stockton On Tees
Leeds Customer Service Centre
I Victoria Plac¢
Holbeck
LSII SAN

THE SHLOfvIO WU.ND LJNItTED
,WTfD BTr GUAIL4TrrrEE
TRUS'TEE8' REPORT
The Trustees. wlio are a]so director5 for the purposes of Company Law. have pleasure In presenting thEir
Repor( including a Strategic ReporL together with the Consolid8ted Fillancial Ststements of th¢ Parent
Charitable Company {'thc Company,) aod its Subsidiary Undertsknngs for the year ended 30 September
2024.
The Financial StateTlleDts ¢omply with the ChaTities Act 2011, the CorapaT)ies Act 2006. the Memor8ndum
and Articles of Association and AccountinÈ and Reporting by Charities.. Statement of Recommended
Prdcticc applicable to Charities preparing their aceounts in accordance with the Financial Reporti￿
Standard applicable in the UK and Republic of Irelthd (FRS 102) (effective l January 2015).
REFERENCE AND AJ)IVIINtSTRATTVE DETAll
Reference and Administrative details of the Cornpany are shovm on page l of th¢ Financi￿ StateiJiBnts
which fornis part of this report.
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing Doctsmeht
Tbe Shl(>Jno Memoriaj Fund Li￿lted is a Company limited by guarnitee and its govtniing dc￿U￿ents are
its Memorandum and Articjes of AssociatioL It is a registered charity with the Charity COMTni￿10[1.
Organisafton
The Cornpan) is administered by the Trustees. The Articles of Association of the Company do not require
the Trustees to reiire by Totstio
The day to dav affairs of the Company 8Te administered by the Tru#ees, the Chainnan of which is Mr A
Toporowitz.
All Trustees give of theirtirDe voluntsrily and no bE￿trIts or expenses were paid to thBrD in the ye8r.
Appt)intmtnt of Truslees
New TrLtstees are 2ppointed ￿ed on p￿s￿n￿l ¢ompetenc< specia]ist skills, availabiIity and knowledg6 of
and contact with institutions wofessing aTJd t¢a¢hing the principles of trWbti0n￿ Judaism and thc
advancement of religion in accordance With the Jewish faith. New Thjstees are inducted into the workings
of the Charity by the existing Trustees.
Group Siruclure andREI￿10￿$hjps
The Company has the following wholly owned non-ch8ritable subsidiary undettikings..
Com
Hartons Limited
Neranen Limit¢d
Olnato Limited
WevTncr Limited
Natsre of Business
Property Invesllnerit
Property Investmern
Property Investment
InveS￿Dent Compally

THE SELOMO IKEMORLIL FbThD LJP*llTED
LLMtTED BY GUARANfEF.
TRUSTEES, REPORT
Group Structsre ondRelatxonships (Continued)
Olnaio Limited has the following wholly owned subsidiaties-
Nature of Busines$
Prop¢ny Invtsttnetrt
Property Development
Provision of Finance
Ptoperty Inveslment
Property tllv£sknent
Claudpress Limited
Primeb0￿me Associates Limited
Smart Mortgage Finance Limited
TaEten Business Park Lirnited
Vi¢wplus Limiied
Viewplus Lirnited has the following wholly owned sub5idiories-
Nature of BusiDesS
Provision of CaTe Home facilities
Dornant
Provisi(Trn of Day CaTe facilities
Paramount Care (Gateshead) Limited
Paramount Care Services (Gateshead) Limited
The More Centre (Gateshead) Limited
The Tn￿lee9 of this Company in¢ludc direfflors of th¢ above compa))ies.
RelatedPurtv frllnsaclions
Details of transactions with Related Parties are disclosed in Note 29 to the Finan¢iaI Statements.
OBJECTIVES AND ACTIVIT)ES FOR THE BEINEFrr OF THE PUBLIC
The Company is established to fi￿er those purposes both in the United Kintsdom and abroad r¢¢o8nised
as charitable by English Law and in furtherance of the aforementioned objects. the Cornpany receives
income from its investtnenl properties, cash deposits and subsidiary undejtakings which it utilis&s in the
provision distribirtion of grants and donations ftsr ¢h￿lIable Purposes to organisations that fall within
the obje¢rives of the Company. It 11￿ concentrdt¢d its a¢tiviti¢s in promoting dwitable activities of
nstitutiOTIS teaching the principles of traditional JudaisTr, and the giving of philanthropic aid to the needy.
The Tr￿eS confitD] that they have refe￿ed io the guidance contained in the Charity Commission's
general guidaJ]ce on public benefjt when reviemryng the Co]npany's aims and objectives and in pluing
firture activilies and Settin￿ the grant making policies for lh¢ year.
GTanrMukingPolicy
Grdnts are made to charitable institytions ald organisations which accord with the objetts of th¢ ChoTity.
The Tnjstees are approath=d for donations by a wide V￿]ety of charitable institutions operating it] the
United Kingdom and abroad. The T￿SleeS consÈder all requests which they Feceive aJ]d make donations
based on the Icvel of ￿n￿LS available.
In making Grants and Donations: the 'frnstee5 Use their persona] knowled8e of the relevant InstiTUtions:
their representatives, operational ¢fficiency and reputation. The TTUStees monitor the application of the
Grants 2nd Donations by rneeting with Tepresentatives of the Jttmirntions and obiaining iDforniation &£ io
the lltilisation of fvn￿.

THE SXLOMO MEMORIAL FLWD LlThql"fED
IMITED BY GUA
ANTEE
TRUSTEES, REP
FIXED ASSETS
The movoments in Fixed Assets are fiLlly reflected inNotes 15 to 17 to the Financial Ststernen
STRATKGIC IiEPORT
Str￿e￿￿ &ndBusinusModel
The Company invests in Tnvesknient Properties, deposits investtllfDls in Subsidiary Undertakings
to generate income with which it makes grants and donations to Charitable OTganisations and Instirutions
that fall within the objectives of the Lompany.
Aehiev¢meMls
Dwing the year the Company has colltinued its philanthropic a¢tisities and mairktaineAI its sUPPOrt of
orgtinisations engagino in education, advancemcnt of religion and th¢ giving of philanthropic aid. The
reserves reM￿n available to Drganisatiorts ett￿cTIng in aetivTrties oompth.ble with the al￿$ and objc¢tives
of the Company. The Trustees expect such demands to increase in future yeats.
The financi￿ results of the Company and its Subsidiary Underttikings for the year ended 30 September
20?4 are fvlly r¢flected in the attached Finan¢ia] Statements together with the Notes thereoJ.
GTaJ)ts and donations in the yearfotalled £1465200 (2023: £3,164280).
Fin
Position
The financial position of the Company alld its sub5idkary undertakings is satisfactory.
The Companv's Cortsolidated Statement of Finallcial Activities shows a Net Loss for the year of
£2,543,064 {2023: Ntt Loss £5.706,324) and totsI reserves of £66,400,996 (2023.. £68.944,060).
Reserves Poli
The Teselves of the Company represented by the unres()i¢ted funds ￿lSing frorn past Det operating
Surpl￿e$ and include a reserve arising from the unrea]ised Tnovement in the val￿e of the Cornpany'$
investment in subsidiary undertakings and its investsneni properties. By its very nabjre the element of
unrestricted reserves represented by the rev8]ualion surplus of fixed asset investments is not readily
available for distribution. The Trusfres have adopied 2 policv that t(ies to ensure the continuing abilitv of
the Company io meet its objectiveg. A proportion of reserv￿ are to be invested to generate income at a
level, sueh that the ever-increasing c8115 on the Company be rnet by self-generated income. The level
of reserves is under continuous strategic r¢view.
Princi
al FundiniF Sourc
The CompaDy'S principal fundin(Tsources inthe yeèrwere its inycstmentportfolio, togetherwith donations
reffived from subsidiary undertakings.

THE SHLOMO fvIEIMORLiL fuND LLTrll
INI fiTED BY GtiAR.4N"TEE
ED
TRUSTEES, REPORT
Finfth¢ialRevlew (Continued)
nve5tment Poli
Under the Memorandum Arti¢les of Association. the Company has the power to make investrnents
which the TTU8tees consider appropriate. The Trustees effect inves(ments whic]4 ovcr amedium period of
years are anticipated to generatea dependablefiowof irA¢oine coupled with capitsl gmwth. The Company's
invesfments Ar¢ represented by its invesknent properties and its wholly owned subsÈdiary undertakings.
ormunce Jndicalo
The Trustees ￿OnitoT the group's perforniamce arwainst the strnlebric objectives on a regular basi5.
Perforni8J)ce is assessed against the Strdtsgy amd expectation% ￿SIng financial and non-financi21 itidica¢ors.
The key financi8ll performance indicatt>rs used by the group are as follows..
2024
Grants and donations paid
Net inveStrn￿l inco]ne
Net losses on investtnents
Net movement in fvDds- deficit
Tota] Funds
2,465,200
902,948
(1,137,231)
(2,543,064)
66.400,996
3.164,280
1,731,494
(4,014,227)
(5,706.324)
68,944,060
Plapts For The FuthTe
The Th]stees plaD to contiuue to m81(e disttibutions in accotdance with their grani making policy and to
ensure that the ability to generate suificient income is Maintained to achieve that end.
PrirtcipalRisks and Unegrttiinti
The Trustees have 5dentified and reviewed ihe major risk5 to which the ￿0Up is exposed, in particular
those related to theopetatrons and finance ofthe group. aDd ar¢ salisfied thatsyste]J)s are in place to man4oe
those risks.
The PTineipal risks to ivhich thc group is exposEd are:
Liabilities aTisAng from propety investment aclivity
Tenant defaults
Darnage to propety from flty)d. fire or terrorist action
The availability of liquid fvnd5 to make grants and doThatiOD5
Macroeconomic and politica] uncertainty including the potential for a piolonged period of higher
interest rates and geopolitical risk5
Thc economic cycle generally
Thegroup See￿ io m3sLage ormitigate such risks whereverFK)ssible through ￿￿ureS including insurance,
tenant scree￿ng and monitoring, ricrorous reviews of acquisition and investrnent opportunities. &¥ternal
expert advice. ￿Oni[￿ring cash and iegular m¢Trnitoring of the eLoFto]nic outlook. It is reCO￿lSed ibai
$y￿eMS can (>nIy provide reasonable but not ab501ute assuronce that tllajor risks have been adequatel},
managed.

THE SHI.O.MO INn".￿l￿RL￿L FbThD LIIlIt
LIMITED EI, GUARAYfEE
ED
TRUSTEXS. REPORT
TRUSTEF.S? RESPONSIBJLrrtES RELATION TO THK FINANCIAL STATEMEKrs
The Tnjstees (who ue a150 the Directors of The Sh]omo Memorial Fund Limited for the purposes of
Compary Law) are iesponsible for Preparing tbe T￿￿eS Annual Report and the Financi￿ Staten)ents in
accordance with applicable law United Kin(rdom Accounting Standards (Unitcd Kingdom Generdlly
Accepted Accounting Practice).
Company law requires the Tr￿te¢S to prepare Financia] Staternents for eAch fiTwKial year which give a
true and fair view of the state of affaiTS ofthe Company and of the ill¢oming resources and application of
resources. includingthe incolne and &xpendilure, ofthe Charity Group forthatperiod. Under company law
the Tnthes must not approve the Financial Ststements wdess they are Uti5fied that they give a true and
fair wew of the statr of affairs of the Gioup aztd Company Ènd the income tnd expenditure of the Group
forthat period. In preparing these Finan¢iaJ Statements. the Trustees are requiTedto'.
Select suitablc accounting policies and then apply thern consistently"
Observe the methods and principles in the Charities SORP.
Meke judgemenis and estimales are re￿nable and pnJden¢
St*e whether applicable UK Accounting stand￿ds have been followed, subject to any materi81
depajtures disclosed and explaincd in the Financial Statements. and
Prepare the Financial Statetntnts on ihe going concem b&8is unIe5S it is inapprorniate to presume
that the Company will continue in operation.
The Tn￿letS are responsibl¢ forkeeping proper accounting records that dis¢lose witb re&wnable accwacy
at any time ihe fmaneial position of the Company 3￿d ￿able them to eDsure that the Financial Ststemcnts
eornply with the CompaJ)ies Act 2006 and Charity Legislation. The Twstees are also Te5ponsible for
safeguarding the ￿set5 of the Company and hence for tsking re￿ollable Steps for the prevention and
deteotion of fraud and ￿her irregulartties.
STATEMENf OF DISCLOSURE TO AUDITORS
In so far as the Trustees are aware at the time of approving the Trustees. Report:
There is no relevant inforniation. being information needed by the auditor in tonneeiion with
preparing their rEPOrt, of which the group's auéitOT is unaware. and
The Tnjstees. having made enquiries of fellow directors and the ￿0￿P.$ auditor that they ought to
have individuallytsk'en, have each taken all Ste￿ that helshc is obliged to take as aTruslee inorder
io Jnake themselves aware of any relevant alldit intorniation and to establish that the auditor 15
aware of that infortnation.

THE SIILOIMO MEMORL4L FUND
[r￿TED BY GUARA)I YEE
TRUSTEKS, REPORT
AUDITORS
The auditors, Cohen ArnolcL aJe deemeA ts be reappoin*d under Section 487(2) of the Compa]ies Acl
Approv¢d by the Trust¢es on .......
Strategic Report conlained therei
. 2025, in¢ludI￿ in their r2pacity AS Company Director& the
By Order of the Trust¢¢s
MR C Y KALTF
N- TRUSTEE

HE SIILO.TrIQ ryqEMORIAL FUJD LIIMrr
Llf* ITED BV GLI.lRA￿TEI E
INDIIPENDF.NI'.4LDITOR'S REPORT TO THE MEIllBE
S Aiyfj TRu&fEFS OF
THE SIILOMO IIF.TrIORIAL FtIND LIINIITED
Ll_Ill-fkD RI. GLI:KK4NTEL
FOR I'IIL ¥ EAR EN'DED 30 SEPTfMBF.
2024
OPINION
We have audit>J the financial statements of The Shlomo Mernorial Fund Limited (thc'parent chatitabIe company)
and its subsidiaries I'the gry>up') for the y¢ar eDded 30 Septemb¢r 2024 wbtch tomprise the Collsolidated Statement
of Financial ActÉvities, Ihe Consolidated and parent charitable Li>mpgny Balan¢t Shcets. the Conso]id*ed C25h Flow
Statement ahd the Ttlated notes, incltsding a SUDun8ry of $ignificÈnt ￿CountIng policies. The fmanc121 repDrting
fr&mcw0￿ that has applied in their preparation is applicable law gnd United KiDgdoTn AGoountinrr StandaTd5.
includingFRS 102 ThcFinancial RepoTtinÈ Standard applicablc in the UK andRcpubliGoftreland (United Kingdo
Generally Acceptrd Accounting Prdcticel.
In our op￿10n thc financial 5tstements_'
81vc a truB and fair Triew of the stste of the group's ¥nd the par¢nt ¢baTitable company's aff&iys &8 )t JO
Sepi¢mb¢r 20?4 and of the group's incoming resources and appliGatton of resources, in¢luding its income
ond expenditure, for the year thell cndcd.,
have been PTopeily pr¢paTed iyj ac¢ordattw wrth Unit¢d KinfTdom Generally Aeeeptrd A¢wuntingPracticc'
have been prepared in accordancewith the requiie]neDts of the Companies Art2006.
BASIS FOR OPINION
W# conducted out audit iTL accordan￿ with ]JJternational Standards on Auditin* IUK) IJSAS (UK)) and 2ppli¢ablc
law. OuT responsibilities under those siandards are fvrther described in the audiioEs ￿sPonSIbl]it1e5 for the audit of
the fjnancial statements section of OUT repoTL We arc indcpendcnt of the group Tn accclrdaace wilh the ethical
requJTesnEntstbat arerelevantto ouraudIt Dfthefjlla]]cial 5tstements in the L￿, includirtgthe FRc'sEth]￿ Standar
and we have fulfill¢d our othei etbical respoTL%ibilities in accordance with these reqllircmtnts. We believe tbai the
audit ¢videnc¢we have obtailled is sutT)¢ient and appropriate to provide a basis for our opinion.
CONCLUSJONS RELATING TO cofNG CONCERN
In auditingthe financial Statemen￿ we have concluded that the Tr[l￿ee5, use ofthe going concern bL5is olacwunting
in the prepaTation of the fin￿Cial statemertls is 2PPToprikte.
Based on the work we have perforned, we hav¢ not id¢nlified any material uncenainties relating to cvents or
conditions indiwdvally or collcctsvely. may casi significant doubt about the wup's or the parent charitable
¢0￿p￿Y'S ability to continue as x going concern for a period of at le&st ttvelve tnonth5 from when IhE fLnanci81
5tstemen15 are authorised for issue.
Our res￿nSIbilitiesaThd the Tesponsibilities ofthcdircctOTS with respect to going wD¢¢rnare de5￿1bedin the relevant
sections of this report.
OTHLR IYFORMATION
The other iDfonnation comprise5 the infomiation included in the •muaI report otherthan the finaocial Stslte￿¢nts •id
Oltr auditor's rep0rtthel￿n. The'Ttustecs are rtsponsible forthe otherinfonnationcontained wthin th2 annll21 report.
Our opinion on the fiD4n¢ial ststements does not ￿Ver the other inforrn•ioD an( except to the ek*ent otherwise
txpliciily statcd in our repoTL we do i)ot express any fonn of a8SUtance wndusion the￿ry.
Jn corjncction with our audit of thc finwicial stalemenw OUT tcsponsibility is to read th¢ other infornation and: in
doing so, Consider wh¢th¢r the othcr infornation is matetiatly i￿consIstent with the fintsneial statements or our
knowledvc obtsirjed in the audii or oiheJwi£e appears to be materially misstaied. If we identify. such material
inconsistenctes or appatent Tnis5tatrmcnis. wc ￿ requiTed to d￿et￿l￿e whether there is a material
misstaiemeni ill the financial statejnents OT amaterial misstaiementof tbeoth¢r infoTmation. If. b￿¢d on thework wc
have perfnTme4 we conclude that thcre is a material misstateJllLot oftbis otherinforniation. we are requiied to report
that fad.
We have nothing to report llj this regard.

.SHLO.NIO MF.IllORIAL FbND LI￿ArrED
LIMITF.D BY GUARA YI'EE
tNDEPENDEINI' AL'.Dl foR'S REPORT TO THE %IEIllBEILS AND TRUSTEES OF
THE
ILOIMO.MFMORI4L F
ND LIMITED
LLI"IITED BY {-
I iR..INTLL
OR THF YEAR EliDF.D 30 SEPTE)IBER2024
OPINIONS ON OTHER MAn'kRS PRESCIUBED BY THE COMPANIES Acr 2006
In our opinion. based OD the work undertaken in the course ofthe audit..
the u)foTmation given in the Th￿et$, Reporu Ivhi¢h includ¢5 the Direthors, R¢port amdthe Strdtrgic Rwrt
prepared for the PUTP05es of comp*Jy law. for the financial ye•r foT which the finaucial statcments are
p￿p￿red is CODSiSt¢nt with the financi￿ ststeJnents-
thc TrLSt¢¢s' R¢port and the Strategic Report intlllded within ik Trust¢¢s' Retx)rt have been prepaTrl in
act4)Td￿¢tWJth appli¢able 14rtal requirements.
MArrER8 ON WHICH WE ARE REQUIRED TO REPOIU BY EXCEPTIO
In light of the knowledge and understsmding of the group and the parent ¢haHtable company and itg tnvironment
obtained in the course of the audit, wc have not idBntified material misstitern￿ts in tbe Dttectors, Report or the
Strategic Report included within the Trustees. KeporL
W¢ hav¢ nothin8 to report in re5PCCt of the fr>llowitJg matters in relation to which the CK*mp8ni¢s Aet 2006 requires
us tL)repon to you if. in our opinion..
adequ2tc Accounting records bave not been kept by the parent wmpanv, or re￿ adequ•t6 for our audit
have been received frotn bronchcs not visited by tss,. or
the p2renl company fJJxati¢ial s¢at¢ments arc not irt a￿eMerttW1th the accounting Te¢oTds ajjd retrjrns: or
¢ertain disclo$ur¢s of Tru$tccs' rcmuneration specified by law arc not made" or
we have notre¢ived all the inftrmiation and explanations we rcqvire for our audiL
RESPONSJBILITIES OFTRusfEES
As ￿plained more fvlly in the Truslees. responsibilities staternenL the Trustees who a150 the Directors of tbe
pareTri chaTirable cojllpany for the p￿r￿Se5 of compony law art Tespon5ible for the prewatio]J of the finatL¢ial
statemcnts 2nd for beiDg satj5fied that they Eive a tru¢ and fair view, 2nd for such iDtemaJ ¢onrrol 8$ thc Tn￿1￿%
detrrniine is nece$5Pry to cnable the preparation of financial staie]ntnts that ar2 free from material mtsstatemenL
whethet due ￿ fr4ud or eTTOr.
In prtpating th¢ fuwLcial sratements, the Trustees ar¢ r¢sponsible for assessing the group's and theparent charitable
compaoy's ability to continueas agoirkg concen), disclosing, as applicable. mattersrelated to going con¢¢rn USiTLg
the going concern b&sis of acctuntiDg unless the Trustees eithtr iJ)tend to liquidate the group or the parent charitable
company ortD cease op¢r3tions, or have no iea]istic altemative butto do so.
AUDITORtS RESPONSIBILrriES FOR THE AUDIT OF THE FINANCL4L ￿ATEMELy[S
Our objectives are to obtsin rc&8onable assurance about whclhcr the financial *aternents as a whole aTe free from
mateTial mi&5tatement. whether due to fyaud or ¢￿0T, and to )Ssue an auditOT'5 report that includes our opitiion.
Rcasonabl¢ ￿s￿ranCe i5 a higli level of &55￿8[l￿e, bul is not a euarantee ihat an audit ¢Ond￿tted in accordance with
ISAS IUKI will always deteGt a material misstatement when it exists. Mtsstatemenls can ati5e from fraud or error
*Te considered materia] if. individually or in the aggr¥gate. they ¢ould Teasonably be expected to influence the
economie de¢isions of taken on the basi5 of thtst f￿a￿ti81 ststem¢nts.

SHL
O NIEMnRI.4L FiiliD I,IIMrrED
JIIITED BY GLT IL.*NTEE
IN￿EPENDENT AUDITOR'8 REP()RTTO I'IIE.Vb4Ii IBERS A,N'D TRI
TIIE S
LO￿A0.￿ll￿1 IORI.4L F'LIND Ll￿[ITfD
'D Bl. fUARAI)TEF.
ESOF
FOR
E Y￿AR END .D 30 SEPTE￿IBER 2024
AUDITOR'S RESPONStBILITILS FOR THE AUDIT OF THE FfNANCIAL S'IATEMENTS (C•nrfNued}
regulariu￿, includin(r fraud, 8re instances of non-compliance laws and regulations. We design prD¢eduTes ID
line with OUT iesponsibilxties, out]illed Aknve, to det¢£t rnatcri2] mi.%%tatemettts in TB5pect of irregulzritics, induding
fraud. The extent to which our prrteduTCS aTe Capable of deteaing i￿eS￿l￿)tie5, incltsdillg fraud is detailed brlow..
We O￿aIn¢d an unitU5tanding of the IEgal regulatory framcworks that are 8pplicable to the group. and
determined that the most relBvaitt to the prc5enlatioD of the fjna])¢ial stst¢menis are th(>se th8t rclate to the
reporting l¢gislation (UK GAAP, the Chtrities A¢t 2011 and the Companies Act 20061. tht r¢leva))t tsx
regulation5 in the Lnitcd Kingdom, thc LandloTd and T¢naTrt Ac¢ the UK GeneTal Dala ProtectiDn
Regulation (GDPR). Heatth & 8afety R¢gulations and the Bribery A¢1. We understood how the ¥roup is
complyirtg with those frameworks dyouJo discussion the directOTS and sertior managetnen¢ and by
identifying the gtOUP'5 policie5 and PTocedures regarding co]np]ianr¢ wtb law5 end TeglllatiotLS. We &lso
id¢ntifi¢dthoscmemb¢rs of tnan4(Fement who have the prunati responsibslity for ensuting cotnp1i￿CaWIth
laws and reglliations, and for reporting any known instances of non-Gompli8mce to the dirc¢tiirs.
WÈ￿M￿nII￿lcd thc5e idcntifjed frameworks amongst ouraudit team and TeJllain¢d 8iertto any indicatiOTJ$
of non-coMpli¥nc¢ througho￿[ the audit. Ive ensured tbat thc cngageJ]]ent teatn had suffi¢icnt co]npeten
alld capability to Identify or rccognise non4omplianc¢ laws and regLilalions.
We di$Gus5ed with thc dirtttors and senior management the policies dnd procedure5 r¢garding complian(£
with thc5e l¢g81 atjd regulatory framtWOTk
We 855¢ssed the susceptibility of the ¥oup's ￿t￿claI 5Tatements to material misststcmenL iniluding how
fraud rnight occur. by reviewino
the ETOUP'S identified risks Ind enqlliry wilh the LlirectOTS and senior
man4<rement during thc pl*In￿8 and finalis3tion phases of our audit. The suscepn%ility to su¢h mateTi¥J
misstatement was deiennined to be low.
B&sedon this und¢rstaThdintrwe d¢sigJ)edouraudnprocedur¢s toidEntify non-compli2nc¢ Vdith the identifjcd
legal and regulatory fratnewoTk4 which were part of (>urprocedures on the Telftted fiDanoi81 statement items.
Our procedures included rtviewiftg the group's Intern￿ controls ptrlicie5 and Procedures, reviewiug the
minutes ofb02rd ￿eetingS ¥Md CO￿esPondenceWith rErFulatr>ry bodies includino HMRC. tesriThgtsan5adiens
Outside the llQEmaJ coursB of thc business and jo(￿al entries, and dis¢u55ions with the directQT5 8Dd senior
]znageTneTrt.
Owing to the ithereDt limitations of an audi{ th¢r¢ is 8n unavoidable ri5kthitw¢ may Jjothave detected 50mcrnat¢27al
misstatcments in th¢ f￿8￿¢181 slaternent.% even thougb we h2Ve PTtsPtrly planned a￿d perfoTtn¢d (Trur audit in
accordallc¢ with auditing st3ndards. FDr example. the fvrthcr Ttmovcd non-c07npliance with laws and regulations
(l￿egularItie5} is from the events and ￿J￿S￿etiOnS refteLied in the fin8ncial stattmcnTS, th¢ less likety tbe inherently
limited procedures re4tEiTed by auditinE stsndards would identify it. In addition, as with any 8udiL there remained a
higher risk of tton-delKtion of irregulatities, as thes¢ may involve ¢ollusioD. forger!. intentional omisslQlJ4
misr¢pies¢ntations, or the override of internal controL%. We ￿ not responsible for pT¢v¢nting non-compliance and
cojjnot bc expected io det¢¢t non-¢omplian¢e with all laws and regulations.
As part of w audit in ae¢ordan* with ISAS IUK).. we ex¢r¢ise professionat jUd.4ne￿( and tnaintain profc55ional
scyticism throughout the audit. We aJso=
Identify and assess the risks of material Th￿sstatement of the fuLaDcial Statements. whether the to or
error, d￿ign and perfortrj audit procedures Ttsponsive tTr those risks. and obtsin audit evideDce that is
sufficientand apprvpriaietoprovide abasis forour opinion. The risk ofnor detectiDg aTaatCTial misstatement
rtsultiJ)g from fraud is higher than for one resulting from ettor, as fraud inay involve collusion, forgery,
iptenriona] omissions. misrepregentstions, or the Override of internal control.
io

THE SHLOMO MEMORIAL FUND LIMITED
LiftriiTED B Y GII.1IIA￿TE.F.
INDEPENDENT AUDITOR'S REPORT TO THE ￿1FMBERs,l￿D TRUSTEES OF
SIILOtVlO Mi bMORIAL l.'LINI) l.IINII-I'LI)
FOR'fHE YF.AR ENDED 30 SEIPTF.MBER 2024
AUDITOR'S RESPONSIBILITIES FOR THE AUDITOFTHE FINANCIALSTATEMENTS (Courfnued)
Obtain an undersiandrng of Tnternal control relevant io the audit in ordcr lo design audit procedures that are
appropriate in the cireumslances, bul not lor ihe piirpose of expressing an opinion on the effectiveness of the
group's intemal control.
Evaluaie the appropriaieness of accounting policies used and ihe Teasonableness of accounting tsiimates and
relaitd disclosures madc by the TTUStees.
Conclude on the appropriatcness of the Triislees, use of the going concem basis of accounting and, based on
the audit evidence obtaincd, wheihcT a Jllaierial uncertainty exists related to tvent5 or conditions that may
cast significant doubt on the gTOUP or parent charitable CQTnpany's ability to COT)linue as a going concern. If
we conclude thai a rnalerial uncertaTnty exi515. we ale required to draw attention in our audittsr's report to
the related disclosur¢5 in the financial statement5 or. if such disc105UTes are inadequate. to tnodify our
opinion. Our ¢on¢lusions aTe based on the audit evidence obtained up 10 the date of our auditor's report.
However, future events or conditions Inay Cause the group or pareni chariiable company to ceaseio continue
as a going concern.
Evaluate the ovcrall presentation. structure and content of the financial statements. including the dis¢losuie&
and whether the financial statemen15 TepTeser)t the underlying traiisa¢tions aT)d ev¢t)ts in a manner that
a¢hieves fair presentation.
Obrain sulfictent appropriate audit evidence regarding the financial information of the entities or busine55
activities within the group to expre55 an opinion on the consolidated financial statements. We are re5pon5ible
for ihe direction. 5up¢rvision and p¢rformanc¢ of th¢ group audit. We ￿Main solely resp)nsible for OUT audit
opinion.
We communicate with those charged with governance Tegarding, among other matters, the planned scope and tirning
of the audit and si8nifJcant audit findings, including any significant deficiencies in inieTnal ¢ontToI ihai we identify
during our audit.
USE OF OUR REPORT
This report is made solely to the company's niembers. a5 a body. in accordance with chapt¢r 3 of part 16 of the
Companies Acl 2006. Our audit work ha5 been iindertaken so that we rnight state lo the company's m¢tnbcr5 those
matters we are required to stale 10 them in an auditotrs rcport and for no other purpose. Tts ihe fullESt extent per￿Illed
by law. we do noi accept or assume responsibility to anyoiie other than the cornpany and the company's m¢tnbErs as
a body, for OUT audit WOTk. foT this Teport. 01 for the opinions we have foTm¢d.
JOSHUA NEUMANN
(Senior Statutory Auditor)
FOT and on behalf of
COHEN ARNOLD
Chartered Accountants
& Statutory Alldiior
New Burlinglon House
1075 Finchley Rtsad
LONDON
NWII OPU
Oui audii was compleied on
XS
2025 and our opinion was expressed at that date.
Coheii..lYnold is eligible io acl ¢FS aF7 AudilOJ- ipi iernis oJS¢c'lioii l ?J2 of Ihe Con?POATies /l¢i ?nfj6.

SHI.ONIO M
'M()RIAL LINJrrED
A￿'D SUBSIDIARY IJYI)LR'f,IlKINC.
COIISOLIDATEO STATE￿IE￿￿ OF F[N￿NcLQL AcfTriTILS
NCL
COMTr. AND EXPENDITL.RE ACCOUI
R THE YEAR EliDED JO SF.PTE
BER 2024
2024
UDrts¢rf¢ted FDnds
2023
Ullrestrleted Funds
NoÈe5
ltstome and endoTrmeMts fTow:
Donations and legd¢ies
Jnvestrnents
Othtr Tradi￿￿￿ A¢tivity
10.000
9.316.8Ql
826,689
8,938JOO
TO￿ Ineome
10.153.490
8,938000
ExpendIt￿re OD:
Investmek)tManagement Costs
Othcr Trading Expendi
Charitable Activities
8,413,853
644.954
2,557.632
7.206,806
24.414
3.235.5J3
Totsl ExpenditUTe
11,6L6,439
10,466.753
CsiDs b)$5es ob InvesttDents
Loss on S2Ie of Invesuneut Prop¢rties
Defjcit on Revaluation of Inve5tynent Propertics
12
(316.992)
(820,239)
(453 367)
J,560,260)
Net I￿sS InvtstmÈnts
(l.IJ7231)
14.0142271
Net ExpellditUTe before Tax
(2.60Q.I 80)
15.542,680)
TLYatiOn-tredit/(thorgE)
13
57.116
(163.644)
Net ExptAdhure for thÉ Yc4r #Jbd
Nei Movement ill Fwids
14
{2,543.064)
(5.706.324}
Reconciliatkon of FuDds-
Total Funds Brought Fonwd
68,944,06Q
74,650.384
Total FuDds Carried For¥vard
23
£66:400996
£68,944,060
The Statement of Financia] Adivities iTLclud¢s all ￿2n8 and losses recognised ID the year.
All income gnd expcnditurt derive rtom continujng attivities.
ThB notes on pages 16 w 32 fonn part of these Fin￿¢181 Statem¢nts.
12

TIIE SHLOIfjC) fvIEIllORb¥L FUND L ..%IITED
D SUJJSIDJARY UNDERTAKIN'C.
CO4SOLIDATED BAL.4tliCE SIIE '
S.4T 31).SF.vfKTrqBER ?024
2024
023
Notes
FLLED Assrrs
Tangible ASS￿5
Investment Propcrtie5
15
16
104.807
128,280.770
36.178
lJ2,720,893
128.385577
132,757.071
CURRENT ASSETS
Stocks
Debto
Cash at Bank aad on Deposil
3,044.610
6.074.692
3.690.357
18
5.925,298
4.086.700
12,809,659
10.011.998
CREDITORS: Amow]t5 fa]ling
du¢ witbin onc yc8r
19
(9.768.436)
{7J9¥:1571
NKT CtrRRENf ASSETS
3.041223
2.613.841
TOTAL ASSETS LESS
CUIUiETr4T LIABILITIES
131.426.800
135J70.9J2
CREDITORS: Amounts fal]iDg
due aftcr Tnore than onc yeaT
20
163,390,763)
(64.734,695)
Provisioll5 for Li8bi]itiu & Cknrge
Z2
(1,635,041)
11.692.157)
NET ASSETS
£66.400.996
£68,944.060
Tbe funds of the cbaritsble
Group:
Unrestricted Funds
23
66,400.996
68.944.Ih50
£66,400.996
£68,944,060
The Trustees have prep3r¢d Group Fm8meial Ststemellts in accard2nce with Section 399 of the Cornpxnies Act 2006.
TheseFinart¢ial Starcments cottstitLrtethe ann￿ accountsTeqbired bythe c.ompanies Act 2006 and are for circulation
to the rDembers of the company.
The FIn￿¢la1 Statcmenis were approvcd by thc Trustecs on ....%S
?025 aod signed on (heir beh8]f by=
MR C Y KAUFMAN- TRUSI'EE
The notes pages 16 10 32 form part of thesc Financi￿ StstemenES.
13

THE SIILO,TrIO ￿8￿10R1￿L FL,ND l.JIM]TED
IM
TED BY GLIAKINTF.F
BALATr4CE SHEET 8 AT 311 SEPTEMBER 2D24
2024
2m
Notes
FIXED ASSETS
Tangiblc Assets
Inve5b))ent Pro￿tieS
InvestD)ents
15
16
17
72.950
78,147,489
31200,000
6.517
81.444.893
32.060,000
109.520.439
113,511.410
CURRENf ASSETS
Debtois
c￿ atBank aDd on Dep)skt
18
2.954.480
69,312
2273.674
777.fJ8
i.023.792
3.051.502
CREDrroRS: Amounts falling
due within ontye4r
19
{3J75.798)
(3,172.6821
NET CURJENT
LIABILITIES
(352,006)
{121,180)
TOTAL ASSETS LESS
CIIRRENTLIABILmF3
109.168.433
113,390230
CREDITORS: Amounts falling
due afieF th2tt olle year
20
142.923.921)
(44,584,453)
Nrr ASSETS
£66244.512
£68,805,777
The ffijnds ofthe chxrftsble
ConJpany=
UnT¢StriCted Funds
66.244.512
68.805,777
£66.244512
£68.805.777
Thc FiDanGial Ststernents w¢re approved by the Tnjstees authorised for issue tsn ... ....
and signed on their behajf by.
- 2025
MRCYKA
MAN-TRUSTEE
Company Registration No.. 1393121
The n0ty5 on pages 16 to 32 fonn part of th¢s¢ Fin2ntial StalEment$.
14

THE,SHLOTrIO
RJAL FUND LJIIIVI'ED
COts*SOLID TED CA8H FLOIV STAT'EMF.N'T
FOR THE YEAR ENDED 30 SEPTEMB&R 2024
2024
202
Not
Casb flows from oper*liDg acti￿ti£%.
Net ttsh used in operating activities
25
{4,665.028)
14JQl,443)
Cash now% from investlllg activltles:
Interest received
Net rental income teceived
PU[th￿ of tsngible fllced as5cts
Pur¢hase of iJJYestmeDt Prope￿¢$
Proceeds from sale of investrnent properties
PTtsceed5 from sa]e of tsngible fIX￿ ¥seTS
286.973
7.01(Tr,002
{99.083)
(3,033,072)
6,345.804
500
673.730
6,528.063
(l6.330,8￿)
5.784.703
Net provided byl(ised in) investhg acti￿tieS
10,511.1?4
13.344,)27)
Cash floiys from fioaDciDg &ttfivities-
Inl¢rest paid
(Decrweylncrtsc in bank Ix>Trowings
(DecreaseJantreas¢ in Oth￿ loa]J (xeditors
IDecTW¢)Illlcrease in finance leascs
DecreasB in other loan debtors
16,lJ3,546)
{75.5T2)
(49.722)
11221
16.523
14272,318)
).9T2,077
400.465
4,)09.393
I,555,402
Ntt ￿$kn {ustd ixbyprovided by fw8ncillg activities
{6.242,4J9}
5,705,019
Cha￿le ID cash and cash equlvxlents in the ye¥r
1396J43)
11.940,751)
Cayh and equivalent atthe begjj￿lllg of tbe y¢ar
4,086.700
6,027,451
Casb and t*sb equivaleknt at the eDd of th¢ year
£3,690 J57
£4.086,700
The not¢5 on pzges 16 to 32 forni part of theseFinancial Statancnts.

THE SItLOIWIO VIEI )IQRLIL FUNI) l.ITrllTEI D
SUTSLDLJIRY LfM)ERTAKTYGS
O TBE FII¥.4NCJ.4L ST.4Tfi VF*iNTS
FOR TI[£ YE
ENDLD 30 SEPTEfvIBER 2024
GENEIL4L INFORMATION
The Shlomo ￿e￿Orial Fuud Limited (Wle Company.) i5 a chaT]lable company limited by ￿arantee and is
incorporated ID England and Wales_ The coTnp￿Y'S regi5tEr¢d office is New BurliDrton Housc. 1075
Finchley Road, Londoo NWI I OPU. Theprcsentstion curr¢nGy ofthese FinanGiat Statements is si¢rling.
srATEMENT OF eoMPLiANCE
The fiDanciaJ ststements hv¢ b¢¢n preFdred itt actordaDC¢ With A¢tounting and ReportiDg by Ch3ritie5:
Ststement of RecoTnmended Practice applicable to chgrities prepaTing their ac¢DUnts in accordknce with the
FEnarJcial Rcporting Stsndard appli¢ab12 in the UK and Republic of Ir¢land (FRS 102) (effective l Janua
2015)- (ctL&ities SOIIP {FRS 102)) 8ttd the Cornp8niesAcL2006.
The Company meEts thc dcfmition of a public benef]( tntity ulld¢i FRS 102.
ACCOUNTfNG POLICIL8
Basis of Pr¢par8tioJJ
Thc accounting policies set out below have, unle55 Othcrwise stxied, been applied consislej￿tY to 811 periods
presented in these financial statements.
The UK econonjy continues to face ¢hall¢ng¢s due to macroecono]nic and political uncertainty, imcluding
the potential for a prolonEed pettod ofhieher inlerttst rates 2nd £eopoIiticaI risks. Therefore, the dircctor5 of
The Shlomo Memorial Fund Limited group ("thewup ) have placed aparticulaT focus on th¢ group's goin8
concern assessment and bave considered th¢ principal risks to the grollp inclllding tenant defaults and
increases in the e05¢ ofborrowing. Thi5 assessment h2s considered the vaTiOU5 probabl¢ outcomes of these
factors on th¢ group's operations atsd its ￿N[e f￿ancIal perfonnante ovtrthc n¢xt 12 months. The directors
have a]so collsidered the lll(tlihood of the group5 loan covenatLts being bKached in the ￿mIng 12 months
and TemEdy packages if these covtt]ants are breachcd. These risks ar¢ beyond th¢ control of the gTOUP and
reptrsent UTJC¢rtatllty (o the revenue gnd cash flow ofthe gtoup (orthe foresetable futwe.
NotwithstsndiTJg these uncert2itities. the directors have concluded that it is appiopriate for the fmanei21
slatern￿ts to be prepared u] a¢¢Ord￿¢t w2th thc accounting principles approptjate to a soing concern aDd
Ihai therc is no Jnokri81 uncertainty to this positiOD. zs the directors have & reasonable eX￿C￿tiOn tbat the
group and the company have adequate resouTces under all plausible circumstattces to continut ll) operdtional
existenee forthe fo￿¢¢able fi]t(Lre by meeting their liabilities ahd eommithients a5 thcy fa]1 due.
The principal a¢wunting policies adopted. judgements and Ley source8 of ellitnation lln¢ertaTnty in the
prepaTXtiOD of the finallcial statcmcnts are as follows..
Group FffiDan¢fial StstemeDts
Thrfe FinaJJcial 8tatements collsolidatr the TcsuIts of Ehe Company aTrd its subsidiaries on a lint-by-line
basis. A sepatatest2teTnent of financial activiliesorincome and expenditure accoutst dea]ing withthe results
of tb¢ ComyJJ)y ouly h&* not bee￿ prcsct)ted in ar£ordance with Secaon 408 of thc Cornpanies Act 2006.
JudgetrDents Key Sources of EstiwgtioD UncertaiDty
Judgeinents made by the Tntstees. in the application of these a¢countingpolicies that have significant effe¢t
on tbe finaft¢i￿ stst¢rnenls estimates with a si8nifi¢ant risk of mai¢naI adjusttnent in the next year are
di5¢US5ed below-
Propetty va]uatioiig
The Val￿110n of thr group¥ propcrty portfolio is inherently sbbjectivc, depcnding 07] many factor4
includingthe ￿divIdUal nature of the PTopety. 2ts Iwation 8nd expected fvtllrettetrent￿ value5. market
yrelds and compaJable markettransactions. Therefore tlJev*lualiDll is subject to a degree of iin¢erta2n
d is made on b3si$ of ¥sumptions which may ]Jot pmve to be accurate. particularly in periods of
difficult rnarket or cconomic Collditions.
16

THF. SHLOMO .NIEiMOIIJAL FbWD L￿.￿TED
&*UJJStDIARY UhTERTAklNCS
'OTES TO THE FIN.￿NCIAL STATEMEwrs
FOR THE
AR ENDED 30 SEpfETrIBEI R 2024
ACCOl]Nf￿G POLICEES (CO￿tInued)
JudgemeLts Key Sourcu ofEstfmation UDcertalttty (Continued)
Debtors
Management uses detsils of the age of dcbtots and the 5tatU5 of any disputes togethBr with external
evideDCe of tbe ¢redit staius of the ¢ountrrparty in m8kTng judgements coJ]cernintr anv need to impair
the ¢arrying values.
All donatiorL% are reCo￿listd th¢ Statement of FI￿ancIal A¢tivrEies (SOFA) of the CoMp￿Y wh¢n it has
)mconditional entitlErneTLtto the resources. DonatiD]Js represent voluntw amounts received duringthey¥￿.
All other in¢omt is reo)gnised on 2 receivgble b2sis. This includcs income from inveslments and dcposjts,
rtnt21s froTn prop¢ty assets, ￿t0￿e frojn the provision of c8re home fa¢iliti¢S and gTaDts and donations
Teceived by thc Grou
lllvesttDeDt ma￿2geMent Ctssts
Inveslment manage]nent ¢OSE5 include costs r¢latins ￿ the inv¢51mentproperties on an accnJa]s ba$1>
Governaoce Costs
GoverD8nce in¢lud¢ ¢osts ofthe preparation and audit of fingneial ststcments and the¢osts of ally le8al
advice to Trustees on govemance or coostiNtional tnatteTS and is re¢ognised on an a¢cnJais basi$.
Taxatlo
The CoTllP￿Y is not liable to threct taxation on it$ intome And gwn5 as they f￿1 withiry the various
ex¢mptions av￿1¥b]et0 registered thatities. Tht xrjbsidièry undertakings we subject to Coryoration Tax but
it is expccted that their wxabl¢ pttsfjts will be gificd for charit&blc purposcs and therefore no tax liability
should ￿15¢.
Notwitlthding tht abov¢. defeTTedtsx is recognised in respectof a]1 timing diff¢Tences present in the TLOn-
charitable subsidiary und¢rtaking& Unrclieved r&x lossts and othcT dtfetred tax a55ets are recognised to the
extent tbat li is probable that th¢y will be recovered against the reversa] of def¢rr¢d tsx liabilitie5 or other
fjJthJre taxablc proffts. Deferred t&x is mwured using the t&x rates 3nd laws that ha%.¢ been enacted or
subst4ntivcly cnactsd by tbe rwrtithg dète thxtaT¢ tsxpectrdto apptyto the reversal of the timijg differenc&
Lixbility Recognitlon
Liabilities are recognised as soon asthere is apre5eTrtobligatioTh committing the entiry to pay out rtSOLtrce4
it is probable that a trausfer of economic bellcfits will be required in $rttlcmcnt the wnount can bc
JDeaSUTed 01 estiJDated reliably.
Accounting
G¢n¢ral ￿D￿￿ed funds Comprise the a¢¢umulAted swplus tsr deficit on incom¢ and expenditun 3ccount.
arc available for use * the discretion of the T¥u5tee5 in ￿rtherarJce olthe gellerdl objectives of the
Charity.
RcstrictEdfunds arcfi]nds subjettw spe¢ifj¢r¢strict¢d ¢orMlitso#s imposed bydonor5. There areno restricted
fimds as at theB￿a]ICe She¢t date.
Des1￿]ated fund$ are fvnds. which have bt¢n set-asideatthe discrctiort of the Trustees forspccific purposes.
ThEre gxeffto deSi￿lated fvnds 19 atthe Bal2neB Sheet dat¢.
Fixed A55ds
All fixa assets are initially recorded at C05t.
Depreciation
Deprtciation is calculated so a% to write off the cost of an asset, le55 its estTmaied residual valut. over the
useful ccooomic life of th21 asset &5 folloKvs.-
Plant & m￿hl￿try
Furniture & Flttings
Iotor Vehicles
-25Yo reducing balance
-25Yo reduc￿0 balance
-25 /• ieduGing balaTr¥e
17

THE SHLOMO NLKIMORIAL FUND LIMt'rF,D
, D SUBSilDIARY ￿DERTAKING
OTEts TO T
E FINANCL4L STATIMLN'TS
FOR
FNDV.D 30 SEPTEEMBER 2024
ACCOUNTING POLICIL8 (CoDtiDued)
Properths Held for JbYestnbeJJi
Pwpertie5 Cla￿lfIed ￿ invesmtents are tiJtlud¢d irt the Balance Sheet at fatr va]u& Any gaths or losses
arising from changes in the fairvalue art recogTri$ed in the Statement of Fitttntial Activities. tn accordance
with FRS 102, no depreoiation ow arnortisation is provided in respect of frcehold or long-lwehold
investsnenl properLtes.
Inveskncnt property fair value is based on h va]uation by thtsnal, indep¢ndEnr valuer. haYio8 an
appropriate rece8nised professional qualification and T￿ent expcrience ill the locatioll aod tl&s of prDPCty
being valued.
Th¢ gToup's ijrtercsts IQ 50me of its invesDneni propErties 8Te the form of lollgand short leases a5 opposed
to fre¢hold trwner511ip. The group reCo￿lSeS a5 liabilities amounis payable undcr bead leL%es and a
torr¢spondtng ltssed assel whith is included in invesnne]rt prop¢ty. These le&sBd investnent properries
are iThittally reGorded at the present valLte oftheTem¥inillg l¢ast paynjents and are thcn sub$equeDtiy carried
at fair value. In calculatiDg the present y￿lle of I¢LSC payments. the group uses the increm￿1￿1 boJTowing
ratt at th¢12ase commencemtnt Oate if the interest ￿te itnpIitTt in the lease is not readily deterJDinable.
Aequfftsitions Dispo&a15 of Properties
Acquisition5 and Dtsposais of propeitie5 3T¢ considerEd to take place at the dat¢ of legaI ￿￿pletion and are
included in the Financial StatrmeThts accordingly.
lovtstDJent in Subsidiary Undernkings
ShaJ¢holdinJ acquired are included in the financia] Ststements at fair value- any surplus or defi¢it on
revaluation is tsk¢n to the SOFA.
Stocks
Stocks 2Te measured at the lower of cost and estimated selling PTlt¢ less Lwsts to con2plet¢ and sell. Cost
inCl￿deS the purchase ptice of lan4 developm¢nt and ¢oJJsttuaion costs and 2ttribuTable overheads direthly
Telated to bTintsing the Siock to its present locatiou and condilion. Borrowing costs expensed as incurred
and ¥e not capitslised as part of stocks. Stocks arc retosnised as an expensc in the period in whith th¢
related reveDueistecogrbksed.Provision ismadEwherenecesssry. foratty for¢5c¢able Icssts and impairmcnt
in vajue.
FiM4ncig1 InStn￿e￿tS
Fin3nciaI 3r¢ cIassified 2rtd ￿Counted foT, ac￿rding to the subswice of the contractual
rangemenL 2$ either financid ass¢ts. financial liabilities orequity illsrnunents. An equity instrDm¢JJt l5 any
nrract that ¢vid¢nr£s a Tesidual interest in the assets of tht Gnup aft¢r deducting all of the liabilities.
Basic VthaDci21 InstrumeDts
C#sh #nd tash eqknivaltuts
Cash a￿d cash equivalents comprise c&sh balances and call deposit5.
Tr2de and otbcr debtors
Tr￿e and other debtots Jr¢ recog￿lsed ￿Ttl81]Y et transaction pric¢ plus atttibutablc trollsa¢tiotJ Costs.
Subscquent io initial rteognitioT] they ate trjeasured at amortlsed cost using the effectiv¢ rn*rest metho4
lets any impainnent losse5. Ifthe all8￿￿ement COnsti￿te￿ afinancing tr￿SaCtio11. for cx3mpl¢ if paymcnl is
deferred beyond notmal business teJw4 th¢n it 15 me¥ur¢d 8r the present value of futurc pai￿￿]ts
discour)red at amarkd Tate for a similar debt instnjrnenl.
TrAde other tredito
1't8de al￿ other creditors are reCO￿lsed initially at t[aj￿rtion prkce less 2ttiibutsble rtat)saction t05ts.
Subseqllttth to inilial yEcogni130n thcy are mcasured at amorhstd COSL using the eff%iive interest Tn¢thod. Jf
the arranuemeni collstiMtes a financing tr2ll5a¢tiOTJ. for exa￿p]e if pajment is deft￿ed beyond nonna]
b￿lnesS tonns. thBn it is measured at the PTesent value of ft)￿Te payments discounted at arnarkct rdie for a
sim21ar debt instrument.
18

THF SIILOMI O MKMORIAL FI[￿.1) L
A￿l sL￿sIDL4￿y UNDER"I'AKINC.S
NOTES TO THE F1Tr4.4NCLAI.
T.4
FOR TEtE LNDED 30 SEvfF.ItrIBER 2024
VESTMENT INCOME
2024
2023
UtLrÈstricted Funds
Income frojn Investmeni PropeTties
Lnteresi Rectivable
8.921,820
394,981
8.445,667
492.633
9,J16,801
8.938.JOO
All investtn2nt income is derived from UK investtnen
2024
Unrestricted Funds
2023
Other TTadinglncoTtte
826.689
Oth¢r Trading In¢om¢ r¢latrS to th¢ proc¢&45 from the s¥Je of dtvelopcd residcntial pnperty.
ESTMENT MANAGEMXNT COSTS
2023
Unrestrieted FuDds
Investment Property OutgoiJJgs
Managem¢ntand Admini5tratton
Intuell Payable
1.911.818
407201
6,094,834
1,917.604
598,99D
4.690.212
8.413.853
7206.806
OTHER TRADING EXPENDITURE
2024
Ijnrestrictsd FuDds
2023
Other Trading Expertdibjre
644.954
24.414
Other Trading EXpel￿1rllrc iticludes £631.747 12023.. £Nil} ￿lating to land ac9uisilion and propetty
con5trnction foT Tcsaje" and £l),207 (2023= £24,414) relating to th¢ wst of providing care hotne facilities
operat¢d by the Groknp.
LXPENDITURE OT4 CHARrrABLE AcfiviTIES
2024
UDrertriet¢d Funds
2023
Grtnt funding activities (Note 9)
Govem8thce Losts O%ote 10)
? 465,200
92,432
i,164,280
71,253
2.557.632
J.235,5i3
19

THF SHT,OTrIO ME.NJORtAL FLTh7) LLVtTED
SlIBs￿IAI{y IryDERTAklNGS
OTES TO THE FLy￿￿cL4L sfATEMF.wr%
FOR
E YEAR ENDED 30 SEpfETr(BER 2024
RANfs AND DONATIONS
All Gttnts and Dollalions were paid tr> ch8Titsble It￿)tutionS fortheadvau¢ernent of religion and educalion
or for th¢ r¢licfaf povuty.
Th¢ folIowi]]g donatitsn5 were made during the year ¢nded 30 Septembtr 2024:
ReeipieDts of Illstitutiongj Gr*Dts
Ziv Haketlilla
Layeshwim Tehilla
Reshet M05dotBakAyot Hadatiyot
Beer Ita'olam
Chaim Vuche$ed Organisation
Yad Tomechet LeNizk¥k Batrafon
KupatTzdaka Leman Atsiyei Romat Be¢ Shemesh
ker￿ Zichron Shlomo Er¢ttYisroel
Lehava Shel fi)rah
MeoT FlaTorah
Bere5hii
An]cha Chama Bcchol Yv
Yacbad L¢man Kol Ethod Vechixt
IzkoT
Keren ProfessorEnrico Vena¢hm* Batya Levi
Ohr Ch8na
Shaarci Tehill
Tehi112s Shlorno
Mjjnamakim Ches&l um￿th
Ateret Avol
Pe¢r Avol
Bnei 3anim M05dot Torah Vechtnuch
Dorshi Tion Elit
Kolle] Matsh£
Beit Vaad Lelimud Vedaai ChaiTll
Bnci Haye5hivot
Mosd01 Tora Vadaat Jen￿•1¢￿ and Bei Shemesh
8haarei Limud
BiTkat Horai
Hitschdut She4n Ol#m Bet Shem¢s
Kollel Yeshsvas Yosef Cha?
371.500
259500
94.400
89,150
85.000
59.250
58.000
51.500
49,500
49.500
48,000
45.000
43.500
410
40,000
40.000
36.900
36,000
34.000
34,000
32,000
32.000
31,000
31.000
31,000
31,000
30,000
30.000
30.000
1.922.100
543.100
Otber donations (below £30,000)
£2.465200
20

THE SHLOT*lO KETrIORL.IL PLTND LtM]TF.D
SUBsfDIARY U￿￿ERTAK￿li
'OTES TO THE FINANCIAL ST
TF.￿IENTs
VOR THE TrFAR ENDED 30 SEFfKTrJBER 2
io.
ANALSYIS OF GOVERNANCE COSTS
2024
2023
Auditor's remuneration
Bookkeeping f¢ES
Bank charges
Legal and profrssional fees
General expeytses
46.000
6.009
528
39.6¥
203
50.000
6.932
2.749
10,168
1,404
£92.432
71253
ii.
STAFF cosrs AND EMOLUMENTS
2024
2023
UMrestritlÈd
The aggregate payrojl costs fDr the Group were".
w￿e$ thd salaries
Social security
302.659
32,411
268583
18,688
335.070
287.271
The aver4ge numberof staff ¢mployed by the Group during the finon¢i21 year a￿Ounted to".
2024
2023
Nurnbcr ofadministrative stsff
12.
LOSS ON SALE OF INVE￿MENT PROPERTIFS
2023
Ullro5trieted Fun*ts
Net proceeds
Book value of properties sold
6.335964
(6,652,956)
5.784,703
16238,670)
(316992)
1453,967)
21

Tfifi. SHI,0￿10 MEMORL4L FUND LINItTED
SUBSIDIARY UNDERTAKbNGS
PIOTES TO THE FINANCIAL STATEIIIE "TS
FOR TH
I 30 SEprE1￿l￿R 2024
13.
TAXATION
Major tompoJJeDts of tAX txpense
2024
20
Unrestricted Funds
Current tax:
Cumtye8r
Deferred tsI:
Origination and reversal of titDing diffèrences
of Ch￿Et in tax rale
(57.116)
163,644
157.110
163.644
Txx (¢redityth•r£e
157,1161
163,644
All tsx is recwised in the Consolidated ajjd Expendithty¢ A{￿unt
Rt¢oo¢Sll&tioD of tax expeknst
The tax assessed on the n£¢ ExpenditUTe forth¢y¢ar i5 lowerthaD th¢ sfandard r*e of c4)TPtsrntion tax in the
UK of 25V/o (2023.. 220h).
21J24
Umrestricted ThJ]ds
2023
Net expenditure before tax
(2.600.180)
(5,54?,680)
Net income by Trte oftsx
Income and gains exemptfrom tax
Expenses not deducEibl¢ forlaK
Efftct of c8Pltal allowance depre¢ia(iou
rjming differen¢e on unreali5ed gains
Unused tax 1055¢s caThied forward
Tttning difference on gift aid
Difference bettween Charg￿ble gains and
profji on salt of investment woperties
Otherdifftrcn¢c5
1650.045)
651J66
750
(1,4251
(46.916)
88.308
{115.J45)
11,219.389)
1.608,303
17,998
22,487
(204.0961
I,)68
(120.426)
22,936
16.945)
55.894
1,30%
Tax#tioJh {cttdilycbarEe
(57.110
163.644
The deferred t8x liability at30 September 2024 has bttrt calculated based on tbe rate of 250/012023: 25%).
22

THE SHLOMO MEVAORIAL VtrND LI￿￿tTED
.4ND SLIBs￿1ARy UNDfi RTAF£lNGS
NOTES TO T
E FTh".414CIAL STATf*.NIENTS
FOR THE ITAII ENDED 3Q SEpfEMB£R 2024
J4.
MOVEMENT IN FUNDS
This is statrd aft¥¢horgiug th¢ Group:
202
2023
Unrestiicted Fuknds
Auditor. Remun¢ratio
Audit f¢¢s- Cknty
Audit fees- Subsidiary urtdertskings
Other fees
Deprceiation
£46.000
£69.600
£9.450
£30.088
£50,ODO
£73.600
£118.412
No sa]arie$ or wages orothtr benefitshav6 been paid to th¢ Trustees during the y￿.
The Cotnp2ny did not any individual expenscs inq￿red by the Tn￿¢$ fDr services provid¢d to thc
Company.
OftheNet MovErnentin Funds ofthe (Iroup. aN￿ Deficitof£2561265 (2023: £5,860.470) has been deah
with ￿ thc Statemcllt of Financial Activitits of the Company itself.
15.
TANGIBLE FIXED ASSETS
THE GROUP
P51nt &
Macbinerv
Motor
Veblcles
T4Jtsl
At l October2023
Additions
Disposals
440,6f2
90,750
188211)
50.071
31,172
8.333
521.925
99,083
188.211)
At30 September2024
443,221
50.071
39,505
532,797
Dtpreciatio
At l October 20
Chatge for the Year
Disposals
425.763
23J58
187.845)
41,766
2,076
18,218
4,654
485,747
187,845)
At 30 Septernber2024
361,276
43,842
22.872
427.990
Net Book Value
At 30 September2024
81.945
6229
16,633
104,807
At 30 Septemkr2023
14.919
8.305
12.954
36,178
23

THE SHLO.rtrio illLhlORI.4L FUNI) LIMrrED
AND SLTBSIDIARY UYDEI RT.4KtNGS
NOTES TO THE F￿N￿NCIAL STATEMENTS
FOR THE YEAR ENDLD 30 SElryfi f¥iBER 2024
15.
TMYGIBLE FIXED ASSETS (CoDtintsed)
THF COWI ANY
Plallt & Fixtures &
2£hintrv
Fitti
Total
Cost
At l Oaob¢r 20
Additions
40,490
40,49D
90,75
90.750
At 30 Septembcr2024
90,750
40.490
131240
Deprec14ti0trJ
Al l OctobeT 2Q23
Charge for th¢ Year
33.973
1,629
33.973
24J17
22,688
At 30 September20?4
22,638
35.602
58.290
Net Book Val￿e
At 30 September?024
68.062
4.888
T2.950
AI 30 sePt￿ber2023
6.517
6,517
16.
INVESTMENT PROPER￿Es
THE GROUP
Ftrehold
aseknold
Investxnent
ro
vestment
ro
Fair value
At l October ?02i
Additions
DI$￿$81S
lieV￿￿#t•0
119.8l7.89J
3.025.490
(6,492,956)
(1.412,657)
12,903,000
7582
1160.000)
592.418
132.72Q.893
3,033.072
16,652,956)
1820.239)
At 30 Scpt¢mbcr 2024
I 14,937.770
13,34J.000
128,280.770
Investtnellt properties are ststed at fairvalue as at 30 S¢piember 2024.
Ts]]gible asstts held at valugtfon
The Group'5 ￿VE5￿￿ent properties wert valued by the directOT5 as at 30 S¢pt¢mber?024 based on a re¢eut
professional valuarriow using 2 saLes valuation approath, derived from rcc¢nt comparable transactions and
matketyi¢ld& 8djust¢d by applY￿g discount to refl$￿ status of owipation and conditions_
Th¢ 48gregale I.￿UationS iDcluJcd in tbe above table have bccn inGreased by 2ft amount of £4,109,271
r¢lating to finan¢c Iwe ass¢ls. withthe co￿esPOnding liability shovm in creditors.
The historic￿ cost of the youp's inve5tsnent properries at JO Sepitmb¢r 2024 is £lQ6Jl 1,251 (2093..
£107,463,630).
24

THE SHLOIvlO JllEi MORL4L ruNI) LlllllTED
.4ND SUBSIDJARY UNDTr.RTAKtN& G.8
I OTES TO THE FINANCL4L STA TEMENTS
FOR TIIE YEAR EYDED 30 S,
TETrIBY.R 2024
16.
INVKsfMENT PROPERTIES IConrfDued)
Freehold
Investment
Pr
Léasebold
IDv&stD)tknt
rD
erti
Fair WdIue
At l Othbcr2023
AdditlODS
Disposals
Rev￿Ulti0ts
72.619.893
944.284
13J02.2501
1779.438)
8.825,000
81.444.893
944.284
I3.462.￿0)
cn9.43B)
(160,000)
At 30 Septembcr2024
69,482.489
8,665.000
78,147,489
The Company's inve$tmeDt ptoperties w¢rc valued by directors at 30 September ?024 bas￿ on
re¢¢nt professional valviti¢n. USlDg vaknAtion approa¢l¥ derivedfrom rcce]]t¢ompardble trallsaction5
and market yields, adjtjsted by 4)plying discount to ref]ect status of occupation and conditions.
The historid cost ofthe Company's iov¢5ttnent prop¢rties at 30 Seplembtr 2024 is £77.245237 (2023=
£78.733.416).
All the CDffjpany's invcstmeht properbes wcrc held in theUL
J7.
IhVESTME]YTS
THE COMPANY
Al
30 September 21n4
At
l October2023
Rev21u#tlon
Investment i
Subsidiary UDderrakings
£31,300.000
£(760.000)
L060.000
#} The Cornpany 0￿$ due£tly or indirectly Ihe whole of the issued ordinary share Capita] ill thc following
companies. all of which 8re incorporated in GTeat Britsin and registered in Englaud ond Wajes.
Diredly Ownéd..
Co
att
Hartons Limited
Neianen Ltmited
O]nato Limi(ed
rller Limited
Com
04572804
09667377
1446600
04572794
r21iou i)urDbe
IKdirEctrlJp Own¢d.-
Conj
CIoLidpress Limited
Paramount Carc (Gatesheadl Limit¢d
Parnn)ount Care Styices IGatesliead} Limited
Pritneb)uine AssOCiatt5 Limited (acquRredvTyear)
Smart Mort8bgc Financc Li]nited
Taltert Business Ptrk Litnited
The More Centre {G*eshead)L3D)ited
Viel￿VI￿S Limited
04592197
07959750
07959737
lJ?292653
05628260
02941606
08302096
OR276273
25

THE SEILOTrI IO MENI JORIAL FUND LIMITED
.8UBSll)1.4RY UND[1 R'l'.4KI,NGS
YOTF,S TO THE
ANCL4L. SfATF.MELYTS
FOR TEE YEAR ENDED JO SEvfEMBFR 2
24
17.
INVEsfMENTS (co￿ti￿￿ed)
b) Th¢ fair vajuc at 30 Sept¢mber 2024 of the Investrnent in the gubsidiary Undertrakings is base41 OD the
underlving vgjue of asset5 1¢55 liabilities of those compgJies. All of the invrstsnent propertits held by
these Subsidiary Uryd¢rtakin￿ wcre valtsed by th& directOTS based on aIeoent professional valuation by
an independent vajuer.
The Company h>s ffjad¢ no provision forany latent liability to Corporntion T&x on unrealised suTrluse5
resultinrF from th¢ revaluations. It15 tnticipated that mosl if not all. r¢alis¢d SUTpluseswould be applied
for the benefit of this Compw's chatitable purposes and tTr￿ littlE if aTLy. t&x liability would arisL
The hi8lorical cost oltbe Company's ItkvesttDent in Subsidiary Undertakings is £9.
cl 'lhe Trinancial qtstementsof the Subsidiary UndertakittBS aTe ]llade up gnnua]ty to September eX￿p¢[()r
CIou41pre5s Limite4 TaltenBusine$sPark Limited and PTiTneb)urncAssociate$Li]nilBd which areJn#de
up anDually io D¢¢eJlli￿.
The Financial Statements of the Subsidiary Underfzkings. whose Fil￿)¢701 Ststements OT¢ non-
cotettninDUS Withthoseofthe Cojnpany. used illPT¢paringthe Consoltdated Finzncial Statementy have
be¢n pt¢paT¢d ￿ of the teporiillg dat¢ G105¢St to that ofthe CompBny.
A summary of turnoycr 3md PTofit or loss forthtt year is sbown b¢low fcr each subsid1￿ undertaking..
PTofjtI
(Loss)
foT
Year
clo￿￿(￿ Lid
Hartonsljd
NeT3nellLtJ
Objao Lid
Parnmountcart IGoesE*adJ Ltd
31.1224
30.09.24
30.09.24
JO.0924
80,021
233J42
1.399,135
1.169,139
134.9181
503.096
17Jl.149)
191000
0,7481
IG*eshead)Ltd
)￿e￿)￿An¢ As￿1*￿$ tAd
Sni8rt MoNg4eFinersL¥ tAd
T￿ten Busi[¢% P￿k Ltd
The More C.entre{GaE¢sIK&dllxd
Viewplus Ltd
W¢ymerLtd
30.0924
JI.IZ24
30.0924
31.1124
iO.09.24
30.0924
30.0924
826.689
321J45
24.7
6.096
1039
134.795}
61.040)
The ￿et5, liabilities, Capi￿ alld ￿serv￿ of the Subsid1￿ undertakings &Te &8 foll1￿$..
Bilane¢
Capitsl &
Sbt
R¢serY
D*te
eficit
Com
Assets
Lla
CloutyessLrd
31.1224
Hwtons L
30.0924
NerA￿ll Ltd
30.0924
ObJztoL
30.09?4
P$rnj2o￿t Cwr1Gate5he￿)Ltd 30.0924
46.963
k154.9&1
l7065,5fJ
39.026.082
l38.059
{1,791140
(1.5?4,8761
I14￿3,541)
{13,153,764)
(?71138)
553.817
I J3QJ05
3.lil(H6
25,871318
(b-4,fJ91
l&tesheadl LTd
iO.09?4
Jl.1224
SmarEMortgage Fitiance I
30.D924
T￿ten BuSir1e￿ P￿. Ltd
il.12.24
Trmore Centre (G*eSbe￿il JO.09.24
Vie￿1￿LId
3D.0924
Womer￿d
iTr.0924
161
13.l46.5121
11109J25)
(2,5?iWII
(235599)
17,0342",0)
1150,1?6)
3.152,608
1121,786
4.004.023
14.364
7,598.1)0
134,002
&096
12,461
1.4JO.793
563.860
(16.124)
26

HE SIILOMO MEIIORIAL FtfYD LIIMITED
AND %UBSll)LIRY
TNDERI'AKINGS
OTES TO TAE FfNLN
T.4TEMENT
FOR 'IHE YEAR ENDED 3
TEMBER 2024
18.
DEBTORS
Tbt Grou
The C(k
024
2024
2023
2023
Rent and Serrfice Charges
Other Debtors and PtepayJnenTS
Loan Debto
2.720,721
631.587
2.722J84
2,787,585
398.806
2.738,907
2.253,499
36.981
664,000
2268,285
5.389
6,074,6¥2
5.925,298
2,954,480
2,273.674
Lo8n debtOT5 are sterling loans which illterest at various interest Ates ranging from 5J% to 65% pcr
annum and are Ttpayable on dematld.
19.
CREDITORS: AMOUNTS VALLING DUE WITH]N ONE YRAR
The Gro
The Co
024
2024
2023
2023
Bank I.oÈns and Overdrafts
Arnounts owcd to
Group Undertakitigs
Rent and SeTViC¢ Chargcs
ID Advance
Taxation and SOCI￿ Security
Obligations und¢r Fingn¢¢
I.C￿e Agreefftenlts {sre note 27)
Other CreditOTS
and Accrnals
4.883.515
3.665,004
442,375
1,119,4
1.092.648
954.676
802J12
528.363
645,029
523,414
582.854
L86,755
197
129
127
J22
2,837,470
2,401356
1,764.853
1,283.528
9.768,436
7.398.157
J.i75.798
3,172.682
The Bank Loans and Overdrdft5 atl secured on Gertain of the Group's properties.
20.
CREDITORS: AMOUh'TS F.4LUNG DUR AfTER MORX THAN, ONE YEAR
The Grth
Theco
2024
2024
2023
2023
Bank Loans
Loan Cr¢dilOts (see below)
Obliuiations under F2nancc
Lease Agreemcrtts (see note 271
58.652.398
629.221
59,946,48J
678,943
38,500,667
314.110
40.090.182
385.000
4.109,144
4,109.271
4.109.144
4.109.271
63,390,763
64.734,69)
42.923,921
44,584,453
The Loan credito￿ comprise a st¢TITD(p108n of £315,11 I beariJ]o interesi at 5¥0 p¢r annum above bas¢ r3te
aDd repayable in Dccembcr 2025 and another loan of £314,110 which bears intrrest at 6% per atlnum and is
repayable In Junc ?03S.
27

THES
L()TrII) IIF.IIORI.4L FIIYD LllWllTED
A.YD SipBSIDL4RY L'NDERTAKINGS
NOTES TO TEtE FLY￿NCl.￿L STATTr.TrIENTS
FOR THE TrL'
ENDED
O SEpfEMBFR 2024
21.
BANK LOANS
Bank Loans. inehJd¢d in Creditors falling du¢ afterrnore that) on¢yeat. are analysed * follows..
The Gro11
Tbe
2024
2024
2023
2023
Repayable within 5 years
REpayable &fter 5 yeats
60,453.760
i,082.l53
58.982,141
4,629.344
38500.667
40.090,182
63.535,913
63.611,485
38,500,667
40.09).182
AJnounts Repayable
within l year
(4,883.515)
(3.665.004)
58,652,398
59,946,481
)8.5(N),667
40,09Q.182
Details of108JJsrcpayable after 5 years are as folltyws..
The
Thè C.0
#]Jv
2024
Loans
Ter￿li1'At￿n
2023
Interest Rate
2.75Vo above Untty
Bonk. Btse Rate
3.OOVo I￿ve Bank
B￿C Rdle Isubje¢t to a
Minimum of 30/ts}
20?8
1.436.447
3.082,153
3,191897
3.082,153
4.629.344
The Bank Loons and Mortgages are ￿￿[ed by l¢gat chatge5 over certain ofthe properties of the group.
PROVtSION FOR LIABJLTIIES & CHARCLS
2024
2023
Balance at the beginning of th¢ year
(CrtdityCh¥g¢ for the year
1.692,157
157.116)
1.528.513
163,644
Ba]an¢¢ at the end of the y
1,635,041
1,692,157
Deferred tsx is recognised in r￿Pe￿ of timing differences from the revaluation of 18sets ¢lassified
investments in the non-charirablE stsbsidi8ry undertakings. Although the Provision has b¢en recognised in
cordance with FRS 102, 11 is expected that tny rea]ised surplu5C5 will be applied solely for ch￿l1￿1e
purposes and such should not bEcome Fayable.
DefeNed been Ttcogni.Yd in respect of revajuatiots ofinvestmettts by th¢ parentcompafjy on the
basts all such gatns will be appli￿ for ¢haritsble purpD5e5.
28

THE SHLONIO IIEI¥IORIAL FUTrm LllVIITED
¥, D SUBSIDI.4RY LN"DERTAKINGS
NOTES TO I'HE FINAN'CL4L STATEI LMEWTS
FOR TFIE I
ENDF.D 30 SEFfEMJIKR 2024
irNRESTIUCTED FUNDS
Tlje Group
Balance at l October 2023
68,944,060
10.153,490
Tot21 lllcotn¢ for the ycaT
Tothl ExpeTJditure for the year
Net Lts&sG5 on Investsnents
(11,616,4J9)
{1.137231)
57,116
Taxation- credit
Ba]ancc at 30 S¢ptember
66,JlOO,996
The Conjpaby
B￿anff at l October 2023
68,&05,7TJ
6.940.947
Total Income forihe yeaT
Totsl Expenditure for thc year
Lwe5 on Investmen
(7.-737524)
11,764.688)
B￿an¢t at 30 September ?024
66244.512
24.
FlJNANCiAL INsfRuf*lENTS
rou
eco
2024
2023
2024
2023
Flnr7Aclol&sseLS fftÈLV14re4 qlf6irvoJue
Unlisted investment (Note I
Fthttnciol Gssets measuredot
morÉistdcosl.-
Debtors (Note 18)
Cash at battk
31,300.000
32.060.000
6.074,692
3.690J57
5.925.298 2.954.48Q
4.086.700
69.312
2273,674
777.828
ihonclollittbilities measuredol
Mo￿￿edt05￿.'
CreditOTS (Not¢s 19 & ?0)
73.159,199
72.131852 4Q299.7J9
47,757,135
29

THE SHLO￿.10 IMETrIOIU,11. FbThD LI￿￿TED
YD SUBSIDIARI" LJ. ])ERT.4K1NG
NOTES TO THE F[N.4NC.1￿ STATEMENTS
FOR THE YEAR LN7)ED 30 SEPTE
ER2024
25.
NOTES TO THE CONSOLIDATFD STATEMENT OF C.4SH FLOWS
cTrThcibattou of ntt-n¢ome tD llel ca
h flnw fro￿ LTr
trAtin
actiytti
2024
20
Ntt expendlthrc for the year
Adjustment fTrr.
Depreciation
(SuTplus)Iloss on sale of f￿ed wets
Interest receivable
Nffl rental In¢oJ]]e receivablc
Iniertst payabl¢
Taxation
Los$es investsnent asseLs
Inutase in stocks
Increase in debto
Inueas&lldecTease) in Grcditors
{2.543.064)
15,706,324)
30.088
1134)
1394.981)
{7,010,1)02}
6,094,834
(57,116)
1.137231
{3.044.610)
157909)
1.180.635
118.41?
1.769
1492.633)
(6.528.063)
4,690212
163.644
4.014n7
{299,7351
(262,9521
(4.665,Q281
(4.301,443)
Tax ptiid
Net tash used in oper4ting activiti¢s
{4.665,028)
(4.301.443)
isof
i¥aleMts
2024
2023
C￿h at bank and in hand
Bank overdrafts
3,690.357
4.086,700
Totsl t&%b Xnd cash ¢quivaleDts
3,690057
4,086,700
Da
f ¢h2n
e5in n
t debt
Atl
Ottober
2023
At30
September
2024
Floivs
Cash and equivalents
B8Jk bortowinJts
FiDance lease a￿eMents
Loan debtors
Lo8n ￿Edito￿
4.086.700
{63.611.485)
{4,109271)
2.738,907
(678,943)
{396J431
75,572
122
(16,5231
49,722
3,690J57
(63,5J5,91il
(4,109.2711
2.72? 384
{629,2?1)
(61,574.092)
(287.450)
{61.861.664)
30

'rHE 8HLOI¥IO .TrIEN.I()RIAL FL'IYD LIM]TED
.￿¥D SLTBSIDIAR Y UNDERTAKINGS
NOTES TO THE FIN..(￿LIAL ST.ITF.fvIErus
FOR I'HE YEAR ENDF.D 30 SEpf£P4￿￿R 2024
26.
COIIqMITMENTS UNDER OPERATING LEASES
As Lessee=
At th¢ Balance Shcei dat4 future minimum lease payrnents payable by the ￿uP und¢T non-caJJcellable
ope￿￿)g Ic&ses wLre a$ follows:
2024
2(U3
Within one year
In Iwo to five yea[5
More than five ye9T5
239,595
958,379
13,231,J74
958.380
13.473,400
14,429,148
14,671,374
As Ltssor:
At thB Balanc¢ Shcet date, fi1ft￿ minimum lease payments payoble to the group und¢r non-can*Ilable
operdtins Iwe5 were as follow5=
2024
202
WithiTr on¢ year
ITJ twts to five years
More than five years
5,463,582
14.166.812
23.896.144
5.264.997
14.808.781
25.981,183
43,52Q538
46,054,961
27.
COMMrrMENTS UNDER FINANCE LEASE AGREEM￿￿rS
FutL]re commitments underhircpuitha5¢ 8JLd finance leasB 2gr¢¢mentspay2ble by the Group ate as foIlows:
2023
Amouttts payable withiD l year
AmguRts payable between 2 and 5 years
Amounts payable after more thw 5 years
184,624
738,496
29,678.308
184,624
738.496
29.861932
30,601.428
30.786.052
Les& fi]ture f￿]0￿ce Cha￿¢$
<26.492,157)
126,676.659)
Pre5¢m valuc of minijnunj leas¢ payments
4.109.271
4,lQ9,393
28.
CONfiNGENT LIABILITILS thD GUAIiANTEF
The Gtoup h85 provided Ets8fdntees tot&llin* £59m in Te5pe¢t of loan f2cilitits gtanted to certain Group
Companies. The bal8￿Ce ou￿a￿dIng on thESe factliiies at 30 September ?Q24 a88Tegated £51.6m 12023:
£56.Sm}.
31

TEIE bH
OIIO IV￿M￿R1.4L FUND LIP+lITED
ND SUBSIDIARY u￿7}ERTAKI￿Gs
NOTFS TO THF, FIN.￿NCIAL ST
F￿lE.YTs
FOR THE YEAR F,NDED 30 SEprKhtBER 2024
29.
RELATED PARTY TRANSAcrioh's
DuTirtg th¢yearth¢ CoTllpanyreceived gift aid don*ions awe8Xting£805k (2023.. £1.07m) from certsin of
its sllbsidi￿ ￿dertaking&
During the year th¢ Company 501d land for £373k to its subsidiary undertakiti& Primebourne Ass￿]￿t£S
Limitsd.
OtILeT than the abDve. th¢rc were ￿lat¢d pty 0￿$$¢T)0ns that reqllire disGlosure under the Charities
SORP (FRS 102).
30.
CONTROL
The Company. which i5 in¢oTrorated foreharitsblt purpos¢s. h#$ no controlling party.

THE SIILOMO.IdE*I IORFAI,
IND LIIIIITED
lTr%CO.IIE.4NI D KXPENDITLQiE ACC
STAIEIllENT or FINA.YCJ.4L.4CTJVtTIES
R TIIE YEAR ENDED 30 8IPTEIMBLR 2n24
1711S DOES NI OTFORM P
E fiIN
CIAL STATEJMEwrs
2024
2023
Ullrtstrx¢ted Fund8
UDre%trieted Funds
IrAeome and endowmemts from:
Donation5 and leS￿ie&
Jnvesknents
815,000
6.125.947
I.Q70.000
5.7913n
Total Incorne
6.940,947
6.861372
Expthdltllre on:
Invcsttnent Man28¢n]ent Costs
Charitable ActivIties
GraJrt$ and DoTYdtions
aoveTnallce Costs
5,179,892
4.435.669
1465.?00
92.432
3.164.280
71,￿3
Totsl Expendi￿re
7,737,524
7.671202
eFaitis L￿SeS on JDvesrmeDt5
Loss on SaIe of InvE5tment Prtsperties
Deficit on Revaluation of Invegtment Proptrtie5
efJcity5wplus on R¢valuatioll of Subsidiary Undejiakings
(225250)
1779,438)
1760.000)
14,729)
15.426,911}
380.000
Net L0$5es lJtvesttD¢Dts
{1.764.688)
(5,051,640)
Net Deficitforthe YeaT 3nd
Net MovemeDts of FNJbds
12J61,265)
(5.860,470)
Total Funds Brought FoTrvard
68,805.777
74.666.247
Totgj Fu)Ads Carried Forwayd
£66.244.512
68,805.777

THL SHLOMO MFAIIIORI.4L J,-UND I.IMITED
PRnPtsRTY li[￿ENtlE
CCOUNT
FOR TH
.%F.vfFMTsf.R 2024
TF
DOES liOI' F
Rfif PART OF THE FINAN'CIAL S
ATEhIE
2tr24
2023
Rents and Ck2rges Receivable
6,062.863
5.756,460
Deduct Ptoperty 0vtyo1￿g5
Rents
97250
104,814
Rat¢5
40.429
31.020
Rq)2it5
162,479
184,026
Light Heat
447,451
445,173
Port¢nge and Cl¢aning
34,996
24.549
lJsuraJJce
189.125
239,630
Sejvice Charges
30,775
21,739
59.524
70.326
Le8a] and Pll)fessional Charges
66541
44.666
ManagEment Commission
3)8.114
329,133
Let(ingFees
28,217
19,910
DepTeciation-FuTnilUTe & Equip]nmt
24.317
1172
11,5l9.218}
11,517.158)
4,543,643
4239J02