Reglstered number: 01477534
Charity number: 279476
D.T.F. LIMITED
(A Company Limited by Guarantee
Truste8s' Report and Financlal Statements
For tho year ended 30 June 2024

D.T.F. LIMITED
IA Company Llmlted by Guarantg?)
Contents
Page
Reference and Admlnlslratlve Details of the Company. Its Trustees and Advlsors
Trustees. Report
Indepondont Audltor's Rgport on the Flnan¢lal Statemènts
Consolldated Siatement of Flnanclal Actlvltles
Consolldated Balan¢e Sheèt
10
Company BalaT)¢e Sheet
Consolldated Statèment of Cash Flov
11
12
Notes to the Flnanclal Statsmonts
13-22

D.T.F. LIMITED
IA Company Limltod by Guarantee)
Reféronce and Admlnlstrative Oetalls of the Company. Its Truste•s and Advisèrs
For the yèar ended 30 June 2024
Trustee$
D Tannen
Ml Tannen
DA Tannèn
J M Miller
Company regist&rgd
numbfrr
01477534
Charity reglster
number
279476
Reglstered offi¢e
Sulhertand House
70-78 Wesl Hendon Broadway
London
NW9 7BT
Company secrètary
J M Miller
AudStorJ
Melinek Fine LLP
Chartered Accounlanl$
Stslutory Auditors
Winston House
349 Regonls Park Road
London
N3 1DH
Bankers
Barclays Bank PIC
1 Churchill Place
Canary Wharf
London
E14 5HP
Page 1

D.T.F. LIMITED
IA Company Limited by Guarantgel
Trustees. Report
Forthe yéar 8nded 30 June 2024
The Trustees present their annual report together wilh the audited financial statèments of the Company for the
ended 30 June 2024. The Annual Report setves the purposes of both a Trustees, report and a directors. report
under company law. The Trustees confirm that the Annual Report and f5nancial statements of Ihe charitable
company comply with the current statutory requirements, the requirements of the charitable company's
governing document and the provisions of the Slal8ment of Recommended Practice ISORPI applicable lo
charities pr8paTing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 leffeclive 1 January 2019).
Since the group and Ihe Company qualify as small under section 383 of the Companies A¢1 20D6. Ihe Group
Strategic RepDrt required of medium and large companies under the Companles Act 2006 (Strategic Report
and Directors, Report) Regulations 2013 has been omilled.
Objectlve$ and attlvltles
Pollcies and obloctlves
The objects ol the ¢harfLy are lo relieve poverty, distress and suffering in any part of the woild and to promote
the Jewish religlon and education through charitable means.
The tru8lees confirm that they have referred lo the guldance contained In the Charity Commission's general
guidance on public benefit, and in particular to its supplementary public beriefit guidance on advancing
education, when reviewing the trusts aims and objecliv8s, in planning future activities and in settin9 the grant
making policy for the year.
There have been no material changes in the obj8Ctives or policies of thè charty during tho year.
• Grant-maklng polSclgs
The Irustees continue to successfully achievg the objects of the charily by making numerous donation5 in
general lo registered charities. Applications are evaluated by the trustees on a case Specific basis in
accordance with the charit￿$ objectives.
Achievemgnts and p&rformance
• R¢vl•w of actlvltle5
During the year undef feview, the charity made chorilable donalions of £292,08312023 - £275,436).
The trusl8es are pleased lo report that they have supported a range of community based institutions PToviding
education. religious and w¢llare programmes. They continue lo see that local provision of trducalion and welfare
inilialives slrenglhens community infrastructure and results in significant achievement8 in the adv8ncomenl of
education, the relief of proverty and distress and the PTovision of social support.
• Fundralslng actlvltS0s and incomg generatlon
The principal source of income arises from renls collected from investment properties owned by the charity arid
ils subsidiaries. These incoming resour￿$ havè allowed Ihe trustees to make lurther grants during the year
thus athieving the objects of the charity.
Page 2

D.T.F, LIMITED
IA Company Llmited by Guarantèe)
Trustees. Report {continuedl
For the ypar ended 30 June 2024
Aehlèvemènts and performance Icontlnuodl
• Investment pollry and performancg
Under the Mgmorandum and Articlgs of Association, the eharily has the power lo make any investment which
the Iruslees see fit.
The Iruslees continue lo assess the charl1￿3 investment portfolio and seek new investment LVPOrtunilies lo
ensure that the charily's asset base is maintained and suitable profilg are generated.
The trusteès are Satisfied with the retum on investments achieved during the year and are confident that the
charity has adequate reserves lo fulfil ils charitable obligations,
Flnanclal rovlgw
Reserves poIIcy
Any assets retained will be so18ly for the purpose of generating income to cover any distribut￿n policy that th8
Iruslees may formulate in the futuro.
The charity mainlains sufficient cash reseNes to-
fund grants in furtherance of th¢ objeds of the charity for the following Iwo years.,
meet demands for liquidity and refinancing of the group's subslantial investment portfolio in difficult credit
market conditions., and
ensure rtspaymenls of the charitls bank Ir)ans can be paid as they fall due.
Al the year end the charity had fre8 available reseNes of £4,019,796.
Structiirgl govemancè and managfrm8nt
Constitutlon
D.T.F. Limited is registered as 8 charitable company limilgd by guarantee and was sel up by a Memorandum of
Association. The charity was incorporated on 6 February 1980.
Boards of Trustge¥
The Iruslees of the Charity who served during the year and who have ￿ntInUed lo gerve since the year end
were..
D Tannen, J M Mlller, Ml Tannen, DA Tannen.
The day to day running ofthe trust has been delegated lo J M Miller.
Trustees are appointed by D Tannen as required. Ther8 8r8 no formal policies or procedures for the
appoinlmenl, recruitment and induction of trustees.
Rlsk managemont
The Iruslees have assessed the major rSsks to which tho cgmp?ny ond the gioL¢P is eXPO8ed, in particular thos8
related to the operations and finances of the company and th8 group, and are satisfied that systems and
procedures are in place to manag8 our exposure to the major risks.
Page 3

D.T.F. LIMITED
IA Company Llmlted by Guarantee)
Trustees. Roport Icontlnuedl
For the year •nd8d 30 June 2024
Statement of TrustO85' responslbllltles
The Trustees (who are also the directors of the Company for the purposes of company lawl ara responsible for
proparing the Trustees, Report and the financial slalemenls in accordance wilh applicable law and United
Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trusloes to prepare linancial slalements for each financial . Under company law, the
Trustees musl not approve the financial stslemenls unless they are satisfied that they give a true and fair view
of the slate of affairs of the Group and the Company and of their incoming resources and 8pplication of
sour¢e$, including their income and expenditure, for that peyiod.
In preparing these financial slalemenls, the TTUStee8 are required to..
select suitab18 accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 102).,
make judgments and accountin9 eslimales that are reasonable and prudent..
stale whether applicable UK Accounting Standards IFRS 102) have been folowed, subject to any
material departures di8¢108ed and explained in the financial slatemenls.,
prepare th8 financial statements on thè going concern basis unless it Is inappropriate to prèsume that the
Group will Continue in business.
The Trustees are responsible for keeping adequate acGounting records that are sufficient to show and explain
the Group and the Companvs Iransa¢lions and disclos8 with reasonable 8¢¢ura¢y al any lime the financial
position uf the Group and the Company and enable them to ensuTe that the financial stsl8menls comply with Ihe
Companiès Act 2006. They are a180 responsible for safeguarding Ihe assets of the Group and the Company
and hence for taking reasonable sl6ps for th& prevention and detection of fraud and other irregularities.
Dlsclosurfr of Infomiatlon to audltor
Each of th8 person5 who are Trustees at the lime when this Trusteès, Report is approved has confirmed that..
80 far as that Trustee is aware. there is no rel8vanl audit infvmation of which Ihe charitable group's
auditor is unaware, and
that Trustee has taken all the steps that ought lo have been taken as a Trustee in order lo be aware ol
any r818vanl audit information and lo establish that the charitable group's auditor Is aware of that
infomialion.
Auditor
The auditor. Melinek Fine LLP, has indicated his willingness to continue in office. The de8ignaled Trustees will
propose a motion reappointing the auditor at a m88ting of the Trustees.
Approved by order of th& members of the board of Trust885 and signed on their behalf by..
-L
J M Mlller
Trustee
Date. iYlo4ltsiC
Poge 4

D.T.F. LIMITED
IA Company Llmlted by Guarantee)
Indepondent Audltorfs Report to the Mèmbèrs ol D.T.F. Llmltod
Oplnlon
We have audited the financial statements of D.T.F. Limf(ed Ilhe 'parenl charrtable company'l and ils
subsidiaries Ilhe group'l for the year ended 30 June 2024 which wmprise the Consolidated Slalement of
Financial Activities. the Consolidated Balance She8t, the Company Balance Sheet, the Consolidalod Statement
of Cash Flows and the ielaled notes, including a summary of signrficant accounting policies. The financial
reportlng framework that has been appli¢d in their preparation 1$ applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
arvj Republic of Ireland, IUnile(J Kingdom Generally Acc8pled Accounting Praclicel.
In our opinion th& financial statements..
give a true and fair view of the state of the Group's and of the parent charilabl@ companls affairs as at 30
June 2024 and of the Group's incoming resoU￿e$ and applI￿110n of resources, inGluding 118 income and
gxp8nditure for the year then ended,,
have been properly prepared in accordance with United Kingdom Ganerally Accepted Accounting
Pracli¢e', and
have been prepared in a¢cordanc8 with the requirements of the Companies Act 2006.
Basis fof oplnlon
We conducted our audit in accordance with Inlemalional Standards on Auditing IUKI IISAS IUK}l and applicable
18w. Our responslbililles under Ih05e standards are further described in the Auditor's responsibilities for the audit
of the financial slalemenls section of our report. We are independent of the Group in accordance with the
Othi¢al requirements that are ielevanl lo our audit of the financial statement8 in the United Kingdom, including
the Financial Reporting Council's Ethical Standard. and we have fulfilled our other elhi¢al rgsponsibililies in
accordance with these requirements. We believe that the audit evidence we have obtained 18 SUff￿18￿t and
appropriate lo provide a bagis for our opinion.
Concluslons relatlng to going concem
In auditing the fi'nancial slalement8, we have Gon¢luded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial sla18m&nts is appropri810.
Based on the work we have performed, we have not id8nlified any m8lerial uncertainties rèlating lo evenls or
conditions that, individually or Collectively, may ca¥1 significant doubl on the Group's or the parent charitable
company's ability to continue as a going concern for a peiiod of at least tsvefve months from when the financial
slalemenls are aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are de8cribed in the
relevant sections of this report.
Page 5

D.T.F. LIMITED
IA Company Llmlted by Guarantopl
Independent Auditor's Report to thp Membèrs of D.T.F. Llmlted lcontlnu￿l
Other Inlormation
The other information comprises the infonnation included in the Annual Report other than the financial
Slalements and our Auditor's Report Ihereon. The Tiuslees are responsible for the other information ¢onlained
within the Annual Report. Our opinion on the financial slalemenls does not cover the olhar information and.
except lo Ihe exlenl othèrwise explicitly slated in our report, we do not 8xpres5 any form ol assurance
¢on¢lusion Ihereon. Our responsibility Is lo read the other information and, in doing so. consider whelh¢r the
other information is materially inconsislenl with the financial statements or our kriowledge obtained the course
of the audit. or otherwise appears lo be malerialty misslaled. If we identify such material inconsistencies or
apparent mal@rial misslalemenls, we are required lo determine whether this gives rise lo a material
misslalemenl in the financial slatemgnls themselves. If, based on the work we have performed, we conclude
that there is a material misslatemenl of this other information. we are required lo report that lacl.
We have nothing to rer)ort in this regard.
Oplnlon on other matters prescribod by thg Companies Act 2006
In our opSnion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the linancial slalement$ are
prepared is consistent with the financial slatements.
the Trustees. Report has been prepared in accordance w(£h applicable legal requirements.
Mattgrs on which we are requlred to report by exc•ptlon
In Ihe light of our kftowledge and understanding of the charitable company and 118 environment obtained In the
course of the audit, we have not identified malorial misslalements in lh8 Trustees, Report.
We have nothing lo report in respect of the following matters in ielalion lo which Companie8 Act 2006 r8quireÈ
us lo report lo you il, in our opinion..
adequate accounting records have not been kept. or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with Ihe accounting records and ralurns., or
certain disclosures of Trustees, remuneration specified by law are not made., or
we have not received all tho information and explanations we require for our audit,. or
the Trustees were not enlilled to prepare the financial slalements in accordance with lh8 small
companies regime and lake advanlage of the small companies, exemptions in preparlng the Trustees,
Report and from the requlremenl lo prepare a Slralegi¢ Report.
R¢sponslbllltles of trustees
As explained morè fully in the Trustees, Responsibilities Statement, the Tru$le8s (who are also the dire¢tors of
the charitable company for the purposes of company18wl are responsible foi the preparation of the financial
slal&menls and for boing satisfied that they give a true and fair view, and for such internal control as Ihe
Truslees determine is ne¢e$sary lo enable the preparation of financial statements that are free from material
misstalemenl, whether due lo fraud or èrror.
In preparing the financial slatemenls, the Trustees are responsible for assessing the Group's and the parent
charitable company's ability lo continue as a going concern, disclosing, as applicable, matters related lo going
concem and using tho going concern basis ol accounling unless the Trustees either intend to liquidate the
Group or the parent ¢harilabl@ company or lo cease operations, or have no realistic allelnalivo bul to do 30.
Page 6

D.T.F. LIMITED
IA Company Llmlted by Guarantèe)
Independent Audltor's Report to thfr Mombors of D.T.F, Llmitod {contlnuedl
Audltor's respon$lbllStles for the audlt of the flnanclal Statements
Our objectives are lo obtain reasonable assurance about whether Ihe financial statements as a whole are free
from material misslatemenl, whether due lo fraud or error. and lo issue at) Audilorfs Report that includes our
opinion. Reasonable assuTan¢e is a high level of assuran￿. but is not a guaranteè that an audit conducted in
accordance with ISA8 {UKI will always delect a material misslalement when il exi8ts. Misslalemenls ¢an arise
f¥om fraud or error and are considered material if, individually or in Ihe aggregate. they could reasonably b¢
expected lo influ8nce Ihe ecunomic decisions ctf users taken on the basis of these financial stalemenls.
Irregularilles, including Iraud. are instances of non-compliance with laws and regulations. We dèsign
procedures in line with our responsibilities. outlined above, lo delect material misstalemenls in respect of
irr&gulan116s. including fraud, The extent to which our procedures arè capable of deteGling irregularities,
ncluding fraud is detailed below..
W• identif￿d area8 of laws and regulations that could reasonably be expected to have a material 8ff8cI on the
financial slalements from our sector experience through discussion with the trust8es and other management
las required by auditiny $landardsl.
We had regard lo laws and regulations in areas that directly affect the financial statements including financial
reporting (including rèlated legislalionl and taxation legislation. We considered that extent of compliance with
Ihose laws and Tegulalions as part of our procedures on the related llliancial slalemenls items.
With the exception of any known or possible non-compliance, and 88 required by auditing standards, our work
in resped ¢)f these was limited lo enquiry of the trustees and management.
We communicated idenlified18ws and regulations throughout our team and remained al8rt to any indications ol
non4ompliance throughout the audit.
We addressed the risk of fraud through management override of controls, by IBsling the approprial8ness of
journal enlries and other adjustmenl$,' and evaluating the business rationale of any significant transactions that
are unusual or outside the normal course of business.
Our audit procedures were designed lo respond to risks of material mlsslalemonl in the financial slalements,
recognising that the risk of not detecting a malèrSal misstalemenl due lo fraud is higher than the risk of not
detecting one resulting from error, as fraud may involve delib$ral8 concealment by, for example, forgery,
misrepresentations or through collusion. There ar8 inherent limitations in the audil procedures performed and
the further removed non-compliance with laws and regulations is from the events and transactions reflected in
the financial statements, the less likely we are lo become aware of it.
A further description ol our respon5ibilili88 for the audit of the financial slalemenls is located on the Financial
Reporting Coun¢il's website al..
.ffc.o
.uklauiJilorsrey
onsibili118s. This description forms part of our
Audf(orfs Report.
Page 7

D.T.F. LIMITED
{A Company Llmlted by Guarantee)
Ind¢pend6nt Auditorfs Report to the Membérs of D.T.F. Llmitod Itontlnuodl
Use of our report
This r8PQrt is made solely to the chartsble company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006, and lo the charitable company's trustees, as a body, Part 4 of the Chaflties
(Aecounls and Reports) Regulations 2008. Our audil wowk has been und8rtaken so that we might state lo the
charitable company's member5 those mallers we are required lo slate lo them in an Auditor's Report ond for no
other purpose. To the fullest exienl permitted by law, we do not accept OT assume responsibility Its anyone other
than the charitable company and ils members. as a body, our audit Wofk, for this report, or for the opinions
we have fomied.
Aryeh M•llnok (Settlor Statutory Auditor)
for and on behalf of
M8llnek Flne LLP
Chartered Accountants
Slalutory Aud￿OrS
Winston House
349 Regènts Park Rood
London
N3 1DH
I￿2
Page 8

D.T.F. LIMITED
IA Company Limited by Guarantee)
Consolldated Statement of 1Snanclal actlvities lintorporatlng Incomg and txp•ndlturo account)
For the year endgd 30 June 2024
Unrèstrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Notè
In¢ome from:
Donations and legacies
Investments
148,664
1.794,679
148,664
1.794,679
293,806
1,673,115
Total Income
1,943.343
1,943,343
1,966,921
Expendlture on.,
Raising funds
Charitable activities
1,322,550
305,943
1,322,550
305,943
1,164,106
289,296
Total expendlturg
1.628.493
1,62BA93
1,453,402
Net Income for thè year and movemènt In tunds
bèfore other r&¢ognlsed galnslllo$se$l
314,850
314.850
513,519
Other recognlsed gainslllos5e51:
Lossos on revaluation of fixed assets
14
2.488,4231 12,486,423)
{93,9001
Net movem9nt In funds
{2.171.6731 12.171.573)
419,619
Reeonclllatlon of funds:
Total funds brought forward
Net movement in funds
18,441.112
16,441,112
12.171,5731 12,171,573)
16,021,493
419,619
Total funds carrled foNard
14,269,539
14,269.639
16,441,112
The Con601idal¢d Statement of Financial Acliwtios includes all gains and losses recognised in the year.
The nol8s on page8 1310 22 form part of these financial slalements.
Page 9

D.T.F. LIMITED
IA Company Llmlted by Guarantee)
Rgglstèred number: 01477534
Consolldated Balanc& Sheet
As at 30 June 2024
2024
2023
Note
Flxed assets
Investment property
14
25.050.000
26,119,610
25,050,000
26,119,610
Current assets
Debtors
Cash al bank and in hand
15
880,909
4,178,332
538,225
3,054,020
4,859,241
3,592.245
Creditors.. amounts falling due within one
year
16
{2.793,0751
{3,553,0821
Net current as80ts
2.066,166
39.163
Totsl assets less currènt Ilabilrtlès
27.116.166
26,158,773
Creditors.. amounts falling due after more
than one year
17
112.846,626)
19,717,661}
Total net assèts
14.269,640
16,441.112
Charlty funds
Unreslricled funds
18
14,269,640
16.441,112
Total funds
14,269,540
16,441,112
The financial slalement8 hav8 been prepared in accordance with the provisions applicable to enlilie8 subject to
the small companies regime.
The financlal 8talem6nls were 4)proved and aulhoiised lor issue by the Trustees and signed on their behalf by..
fvi-LW
J M Miller
Trusla8
Dale. IAlo41knJ<
Th8 notes on pages 13 10 22 form part of these financial slalemenls.
Page 10

D.T.F. LIMITED
{A Company Limlted by Guarantèè)
Reglstered number: 01477534
Company Statemènt of flnancial posltion
As at 30 June 2024
2024
2023
Noto
Flxed assets
Investments
Investment property
13
14
181,902
13,945,000
181,902
17,105,000
14.126.902
17,286,902
Current assgts
Debtors
Cash at bank and in hand
4,844,845
594,320
3.570,855
1,875,834
5,439,165
5,446.689
Credilor8'. amounts falling due within one
year
16
13,603,764)
12,139,398}
Net current assets
1,835,401
3,307,291
Total assets les$ current Ilabllltles
15,962,303
20,594,193
Credilor5.' amounts falling dl￿ after more
than one y8ar
17
17,914.5231
19,717,661)
Totsl net assols
8,047.780
10.878.532
CharSty funds
Unreslri¢led funds
18
8,047,780
10,876,532
Total funds
8,047.780
10,876,532
The CompanW$ n81 movement in funds for the year was £12.828,752112023- £513,519}.
The Trustees acknowledge their responsibilitie8 for Complying with the requiremenls of the Act with respect to
accounting records and preparation Df financrdl statements.
The financial statements have baen prepared in accordance with the provisions applicablg to enlilies subject to
the small companias regime.
The financial slalemenls were approved and aulhorised for issue by the Trusté8s and signed on I￿1r behalf by..
J M Mlller
Trustee
Date. xq lolfr
Th8 notes on pages 13 to 22 form part of these financial statements.
P8ge11

D.T.F. LIMITED
IA Company Limited by Guarantee}
Consolidated Statement of Cash Flows
Ftsr the year ended 30 June 2024
2024
2023
Note
Cash flows from operatlng aGtlvitlès
Net cash used in op8raling activities
19
1,068.095
1,413.976
Cash flows from investlng activitles
Purch?se of investments
11.416.813) 12,183,566)
Not cash used in Investln9 actlvltlgs
11.418,8131 12.183,566}
Cash flows from flnanclng activltles
Cash inflows from new borrowing
Repayments of borrowing
Interest payable
6,400,000
1.300.LIOO
13,107,000) 12.349,7551
1819.9701
{783,3171
Net cash provlded byllused Inl Ilnancing activitlas
1,473.030 11,833,072)
Change In cash and cash equlvalents In thè year
Cash ar￿ cash equivalents at Ihe beginning ol the year
1,124,312 12,602,662)
3.054.020
5.656.682
Cash and cash equlvalents at the and ol the y&ar
20
4,178,332
3,054,020
The note8 on pages 1310 22 form part of these financial statements
Pag8 12

D.T.F. LIMITED
IA Company Llmited by Guaranttel
Notes to the Flnanclal Statements
For the yèar ènded 30 June 2024
General Informatlon
D.T.F. Ltd is a charitable trust registered in England and Wal&s under the Charkies Act. The address of
the registered office is given on the Informalv)ri page.
Accounting pollcle5
2.1 Basis of preparatlon of flnancial ststements
The finan¢ial slalem8nts have been prepared In accordance with the Charities SORP IFRS 1021
Accounting and RepLlrting by Charilie8,' Slalemenl of Recommended Practice applicable lo eharilies
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
D.T.F. Limrted meèts the d8finilion of a public benelrt entity under FRS 102. Assets and liabilities are
initially recognised al historical co$1 or transaction value unless olhemise slated in the relevant
accountin9 policy.
The Consolidated Slalemenl of Financial Activllles ISOFAI and Consolidated Balance Sheet
onsolidale th& financial statements of the Company and ils subsidiary undertaking. The results of
the subsidiary are consolidated on a line by line basis.
The Company ha8 taken advantage of the exemption allowed under 8ection 408 of the Companios
Act 2006 and has not presented 118 own Statement of Financial Adivilies in these financial
slalemenls.
2.2 Company Status
The company is a ¢omp8ny limiied by guarantee. The members of the company are the trustees
named on page 1. In the event of the company being wound up, the liability in respect of the
guarantee is lo £1 per member of the company.
2.3 Taxatlon
The charty 15 exempl from corporation lax on ils chaTilable activities.
2.4 Income
All income is recognised once th8 Company has enlill8ment lo the income. It is probabl8 that the
income will be re¢8iv&d and the amount of income receivable can be measured reliably.
Voluntary income 18 received by way of donations and gifts and is included in lull in the Statement of
Financial Activities (SOFA} when receivable.
Income lax recoverable in rel8l¢on lo inve¥lment income is recognised al the lime the investment
income is receiv**le.
Page 13

D.T.F. LIMITED
{A Company Llmlted by Guarantee)
Notes to the Flnancial Stalements
For the year ended 30 June 2024
Accountlng pollcles {continued}
2.5 Exp9nditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer ecot)omic
benefit lo a third party. il is probable that a transfer of economic benefits will be required in
selllemenl and the amount of the obligation can be measur8d reliably. Expenditure is classified by
aclivily. The ¢osls of eBch activity are made up of Ihe total of direct costs and shareii costs,
including support CO81s involved in undertaking each activity. Direct costs allribulable lo a singl8
tivily are allocated directly lo that aclivily. Shared costs which ¢ontributè to more than one activity
and support Costs which are not attributable to a single activity are apportioned be￿eeTh those
activities on a basis consistent with the use of resources. Central staff costs are allocaled on the
basis of lime spent, and depreciation charges allocated on Ihe portion of the as$el's use.
Expenditure on raising funds includès all èxpenditure In￿rred by the Group to raise funds for 118
eharil8ble purposes and includes cost$ of all fundraising activities events and non-charilable trading.
Expendilure on Ghaiilable activities is incurred on directly undertaking the activities wh￿h further the
Group's objectives, as well as any associated support costs.
Grants payable are charged in the y8ar when the offer is made except in those cases wheré the
offer is conditional, such grants being recognised as expendiluie when the Conditions attaching are
fulfilled. Grants offered subjed to conditions which have not been mel al the year end are ntsled as a
commitment, but not acuued as expenditure.
All expenditure is inclusive of Irfecoverable VAT.
2.6 Interest recelvabl?
Interest on funds held on dèposit is included when re¢8ivable and the wnounl can be measured
reliably by the Group.. this is normally upon nolificalion of the interest paid or payable by the
institution with whom the funds are deposited.
2.7 Investmonts
Fixed asset investments are a form of financial instrument and are initially recognised al th8ir
transaction cost and subsequently measured at fair value al the Balance Sheet dale, unless the
value cannot be measured reliably in which case it is measured al cost less impairment. Investment
gains and losses. whether realised OT unrealised, are comblned and presented as 'GainsllLos$esl
on inveslmenls, in the Consolidated Slalèmenl of Financial Aclivilies.
Investments In subsidiaries are valued al cost less provtsion for impairment.
2.8 Investment Property
Investment property Is carried al fair value determined annually and derived from external
valuations, tho Current market rents and investment property yields for comparable real estala,
adjusted if nece558ry for any differance in the nature, location or condition of the specific asset. No
depreci81ion is provided. Changes in lair value are recognised in the SOFA.
2.9 Financial Instruments
The Group only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic linancial instruments are initially recognlsed al transaction value and
subsequently measured at Iheir settlement value with the excèption of bank loans which are
subsequenlly m8asured al amortised cost using the effective interest method.
Page 14

D.T.F. LIMITED
IA Company Llmlted by Guarantee)
Notes to the Flnancial Statemonts
For tho yoa¥ ended 30 Junè 2024
Accounting policies Icontlnued)
2.10 Fund ae¢ounting
General funds are unrestricted funds which are avatlable for use at the di￿retIOn of tho TrLlStees in
furtherance of the gèneral objectives of the Group and which have rKJt been designated for Other
purposes.
Inve81m¢nl in¢ome, gains and10$s8$ are allocated lo the appropriate fund.
Judgemgnts in applylng accountlng polScles and key sources of estlmation uncertalnty
In preparing these financial slalemenls the directors have made judgements to determine Ihe fair value of
the company's inveslmenl property. Factors taken into consideration include the current market rents and
investment property yields for comparablo real eslale, adjusted if necessary for any difference in the
nature. location or condition of the specifi'c asset.
Net movement In fund$
The nel movement in the funds of the company for the year was a daficil of t2,828,75212023'. surplus
£513,519) and has been dealt with in Ihe statement of Financtal Aclivilies of the company.
Incomè from donatlons and legaclos
Unrèstrlct8d
funds
2024
Total
funds
2024
Total
funds
2023
Donations
148,664
148.664
293,806
Investmenl Incomo
Unrestrlcted
funds
2024
Total
funds
2024
Totsl
funds
2023
Inve51mgnt income- local investment properties
Investment income- local ¢ash
1.794,292
387
1,794.292
387
1.672.655
460
1,794.679
1.794,679
1,673,115
Page 15

D.T.F. LIMITED
IA Company Llmlted by Guawantee)
Not¢$ to the Flnancial Statements
For the year ended 30 Junè 2024
Investment management costs
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Bank loan interest
Bank charges
Property expens8S
819,970
9.280
493,300
819.970
9.280
493,300
783,317
6,975
373,814
1,322,550
1.322,550
1,164,106
Anatysls of grants
Grants to
Instltutions
2024
Total
funds
2024
Total
funds
2023
Grants payable
292,083
292,083
275,436
The Group has made the following material grants lo inslilulions during the year..
2024
Name of Instltutlon
Achisomoch Aid Co Ltd
Hasmonèan High S¢hod Charitabl8 Trust
Menorah Foundation
Care for All Ltd
106,500
22AOO
20.810
13.000
162,710
Other grants lo institutions of ￿$$ than £10,000
129.373
292,083
Page 16

D.T.F. LIMITED
IA Company Llmtted by Guarantee)
Note$ to the Financial Statèments
For the yèar ènded 30 June 2024
Analysls of oxpendlture by actlvStS0s
Grant
funding of
actlvltles
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Grants payable
Auditors fèes (see note below)
292,083
292,083
13,860
275,438
13,860
13,860
292,083
13,860
306,943
289,296
10. Audltor's remuneratlon
2024
2023
Feos payable lo the Companys auditor for the audit of the Company's
annual accounts
4.410
4,200
Fees payable lo Ihe Companls auditor in respect of..
The auditing of accounts of associates of the charity
9.450
9,000
11. Employges
The av8r8g& monthly numbèr of employees was NIL12023 - NILI.
12. Tru$lees' remtsneratlon and expen$g$
During the year, no Trustees received any remun?ralion or other beneflts12023 - £NILI.
During the year ended 30 June 2024. no Trustee Èxpenses have been incurr8d12023- £NIL).
Page 17

D.T.F. LIMITED
IA Company Llmlt•d by Guaranteg)
Notes to thg Flnan¢lal Statements
For the year ended 30 June 2024
13.
Flxed asset investmonts
Investm&nts
In
subsldlary
companl
Company
Co$t or valuatlon
Al 1 July 2023
181,902
AI 30 Jun& 2024
181,902
Net book valuè
AI 30 June 2024
181.902
AI 30 June 2023
18fj.902
Prlnclpal subsldlarles
The registered address of the subsidiary undertakings is al Sulh8rland House, 7￿78 West Hendon
Broadway London NW9 7BT. All subsidiaries have been inclu(1od in consolidation.
The following were sub$idiary undertakings of the Company=
Name5
Company
number
Prlnclpal aGtlvlty
Class of HoldSng
sharas
Brilven Prop8rt18s Limited
Chromegrove Limited
Neonhome Propertios Limilod
985961
1047148
2618179
Property invèstment Ordinary
Property investment Ordinary
Property investm8nl Ordinary
100Y.
100ts
The fi'nancial results of the subsidiaries for the year were..
PYafltllLoss)
for tho year
Net assets
Brilven Properti85 Limited
Chromegiove Limited
Neonhome Properties Limited
211,707
661,313
207,574
74.105
2,925,459
3,404,168
Page 18

D.T.F. LIMITED
IA Company Llmltsd by Guarantee)
Notes to the Flnancial Statements
For the year ended 30 Junè 2024
14. Investment property
Group
Freehold
investment
property
Valuatlon
Al l July 2023
Additions
Deticil on revaluation
26,119,610
1.416,813
12.486.423)
AI 30 June 2024
25.050.000
C<>mpany
Fr•ghold
Investment
property
Valuatlon
Al 1 July 2023
Deficit on revaluation
17.105,000
(3.160.000
AI 30 Jun8 2024
13,945,000
The 2023 valuations were made by the Iru81ees, based where applicable on discussions with valuation
profe88ionals and on valuation reports on certain of the group's propertiès prepared for lending purp08es,
on an open market value for existing use basis.
15. Debtors
Group
2024
Group
2023
Company
2024
Company
2023
Due wlthln one yèar
Trade debtors
Amounts owed by group undertakings
Other debtors
P￿payMentS and ?￿rUed incomè
53,293
34,802
5.983
4,367,391
471,471
3,824
3,072,548
494,485
618.678
8,938
494,485
8,938
680,909
538.225
4.844.B45
3,570,855
Page 19

D.T.F. LIMITED
IA Company Limited by Guaranté81
Note$ to Flnan¢lal Statomgnts
For the year ended 30 June 2024
16. Croditors: Amounts falling due wlthln on• year
Group
2024
Group
2023
Company
2024
Company
2023
8ank loans
Amounts owed to group undertakings
Other taxation and social 8ecurity
Other creditors
Accrualg and deferred income
2,184,395
3.020,360
1,738,139
1.308,646
6.598
9A34
640.950
473,360
1.170,791
19,622
8,690
466,935
6.595
27,857
574,228
19,622
36,71 S
476,385
2.793.076
3,553,082
3.603.764
2,139,398
One of the bank loans 10 a subsidiary was r8financ8d aft8r the year 8nd on 3 25-year facility.
17. Credttors: Amounts falllng due after more than one year
Group
2024
Group
2023
Company
2024
Company
2023
Bank loans
12.846.626
9,717,861
7.914.S23
9,717,861
The bank loans are secured by fixod charg85 Ovar fr88hold inv8Stm8nl properties of the group. Th8 fBI85
payable on these loan5 are fixed until expiry at interest rates between 4QA and 6.IYo.
Page 20

D.T.F. LIMITED
{A Company Llmltèd by Guarantee)
Notes to the FlnanGlal Statements
For the yèar endèd 30 June 2024
18. Statement of funds
Statement of funds - current year
alan¢g at
30 June
2024
Balance at I
July 2023
Galnsl
(L055esl
Income Expendlture
Unrestrlcted funds
General Funds
16,441,112
1,943,344 {1,628.4931 {2A86,4231 14.269.540
Statemont of funds- prlor year
Balance al
30 Jun8
2023
8alance al
1 July 2022
Gainsl
(Losses)
Income Expondilure
Unrestricted fund5
General Funds
16.021,493
1.966.921 {1,453,4021
193,91)01 16,441,112
19. Recon¢illation ol net movem8nt in funds to nèt cash flow from operallng activ5tles
Group
2024
Group
2023
Net income for the period las per Statement of Financial Acliviliesl
314.850
513,519
Adjustments for:
Interest payable
Increase irb debtors
Increase in creditOTS
819.970
1142,6841
75,969
783,317
122,1651
139,305
Net cash provlded by oporating activities
1,068.095
1,413.976
Page 21

D.T.F. LIMITED
{A Company Llmltèd by Guarantee)
Notes to thg Flnanclal Statements
For th8 yéar ended 30 June 2024
20. Analysls of cash and cash equlvalents
Group
2024
Group
2023
Cash in hand
4.178,332
3,054.020
Total cash and Cash equlvalents
4,178,332
3,054,020
21. Analy$ls of changes In net debt
At 1 July
2023 Cash flows
At 30 June
2024
Cash al bank and in hand
Debt due within 1 year
Debt due after 1 year
3,054,020
1.124,312
4,178,332
13,057.0751
844,824 12.212.251)
19,717,661) {3,128.965> 112.846.6261
{9.720.7161 {1.159.8291 110,880,545>
22. Related party transactions
The company is entitled lo 90Yo of both the nel réntal income and the 8ale8 proceeds from a number of
residential properties held on trust on ils behalf by H Tannen - Kidlinglon. In the year under review, an
amount of £338,50612023 £338,184} included in other debtors relate lo these properties, with income
receivable of £322 {2023- £8381.
23. Controlllng party
The ultimate controlling party is the trustee8.
Pago 22