Registered numbgr: 01477534
Charlty number: 279476
D.T.F. LIMITED
(A Company Llmlted by Guarantee)
Tru5tees' Report and Financial Statements
For the year ended 30 June 2025

D.T.F. LIMITED
IA Company Limited by Guarantoe)
Contents
Pago
Referen¢0 and Admlnlstratlve D•talls of thfr Company* Its Trustè8$ and Advi$grs
Trustees. Report
Indèpendont Audltorfs Report on the Flnancial Statements
Consolldated Statemgnl of FIDahclal Actlvlties
Consolldated Balanco Shfrgt
10
Company Balanc8 Sheet
Consolldated Statgm9nt of Cash Flows
11
12
Notes to the Flnanclal Statemènts
13-22

D.T.F. LIMITED
{A Company Llmlted by Guarant¢el
Reference and Admlnlstratlve Details of the Company. Its Trust99$ and Advlsers
For thg year gndod 30 Junè 2026
Trustees
D Tannen (Resigned 31 Oclobor 20251
Ml Tannen
DA Tannen
J M Milter
Company reglster&d
numbor
01477534
Charlty reglst8red
number
279476
Reglstored offic¢
Sulhert8nd House
70-78 Wesl Hendon Broadway
London
NW9 7BT
Company sacratary
J M Miller
Audliors
Melinek Fine LLP
Chartered Accountants
statutory Auditors
Winston Hou88
349 Regents Park Road
London
N31DH
Bankers
Barclays Bank PIC
1 Churchill Place
Canary Wharf
London
E14 5HP
Page 1

D.T.F. LIMITED
IA Company Llmlted by Guarantee)
Trustges, Report
For the y￿r ended 30 June 2025
The Trustees present their annual ieport together wilh the audi18d fÉnancial $18lements ol the Company for the
ended 30 June 2025. The Annual Report S8rves the purposes of both a Trustees, report and a directors, report
under company law. The Trusteès Gonfirm that the Annual Report and financial slalemenls of the charitable
company comply with the current staulory requirements, the requirements of the charitable company's
goveming document and the provisions of the Statement of Recommended Practice {SORP) 8pplicable lo
charities preparing their 8¢counls in accordanc8 with the Financial Reporting Standard applicable in the UK and
Republi¢ of Ireland IFRS102)18ffective l January 20191.
Since the group and thè Company qualify as small under section 383 of the Companiès Acl 2006, the Group
Strategic Report required of medium and large companies under th6 Compani&s Act 2006 Islfategic Report
and Directors. Report) Regulations 2013 has been omilled.
Oblectlves and activltles
Pollcies and obJectiV05
The objects of the charity are lo relieve povèrty, distre88 and suffefing in any part of th8 world and to promote
the Jewish religion and education through charitable meany.
The Iruslees conlifm that they have referred lo the guidance contained in the Charity Commission's general
guidance on public b8n8lil, and in particular lo Ils Supplementary public benefit guidance on advancing
education, when reviewing the trusts aims and objertives, in planning fuluTe activities and in selling the grant
making policy for the year.
There have been no material chang&s in thè objeclives or policies gf the charity during thè year.
Grant4naking pollcie5
The tTusle8s continue lo successfully achieve the objeds of the charity by making numerous donations in
g8n8ral lo registered charities. Applications are evaluated by the trustees on a case specific basis in
accordance with the charitls objectives.
Achlavoments and performanc$
• Revl8w ol actlvltlfjs
During the year under review, the charity made charitable donations of £220,76912024- £292.0831.
The Iruste8s are pleased lo report that they have supported a rang8 of community based inslilulions providing
education. religious and welf8re programmes. They continue lo sea that local provision of e(lucalion and welfare
initiatives slrenglhens Community infraslruclufe arKI results in significant achievements in the advancement of
educat¢on. the relief of proverty and distre$5 and the provision of social support.
Fundralslng a¢tlvStles and Income gongration
The principal source of incom& arises from rents collected from inveslmenl propertie8 owned by tho charity and
ils subsidiaries. These incoming resources have allowed thè Iruslees lo make further grants during the year
thus achieving the objects of the charity.
P8ge 2

D.T.F. LIMITED
IA Company Llmlted by Guarant981
TNstees' Report lcontinugdl
For the year ended 30 June 2025
A¢hlev8ments and performance lcontlnuod)
• Invggtment polbcy and perfomiance
Undgr the Memorandum and Articles of Association, the charity has the power lo make any investment whiGh
the trustees see liL
The ITUStees continue to assess the charity's investment portfolio and 8eek new investment opportunitie5 to
ensure that the ¢haritVg asset bas& is rnainlained and suitable profits are generated.
The trustees are satisfied with the return on investments achieved during the year and aT8 confident Ihal the
harily has adequate reserves to fulfil its charitable obligations.
Flnan¢ial r8vl8w
• Reserves yM)Ilcy
Any assets retained will bo solely for the purpose of g8n8raling income lo cover any dislfibulion policy that the
trustees may fom)ulate in the future.
The charily maintains sufficlenl cash reserves lo..
fund grants in furtheranc& ol th@ objects ofthe charity for the following ye8rs',
m88t demands for liquidily and refinancing of the group's substantial investment portfolio in drfficult credit
market ¢ondilions,' and
ensure repayments of the charills bank loans can be paid as they fall due.
At th8 year end the ch8rity had tree available reserves of £2,669,728.
Structure, governance and management
• Con$￿tUtIOn
D.T.F. Limited is registered as a chgrilable Company l¥nit8d by guarantee and was sel up by a Mémorandum of
Association. The charity was incorporated on 6 February 1980.
Boards of Trustees
Thè Iruslees of th8 charity who ￿[Ved during the year and who have continued lo serve since the year end
were..
D Tannen, J M Miller, Ml Tannen, DA Tannen.
The day lo day running of the trust ha6 beèn delegated to J M Millar.
Trustees are appoin16d by D Tannen as Tequirad. There are no fomial policies or procedures for the
appoinlmenl. recruilmenl and inducti)n of trustees.
• Risk management
The Iruslèes have assessed the major risks to which the company and the group is 6xposed. in particular those
rel318d lo the operations and financ&s of the company and the group. and are 8atssfied that systems and
procedures are in place lo manage our exposure lo the major risks.
Page 3

D.T.F. LIMITED
IA Company Llmited by Guarantee)
Trustg9s' R¢port Icontlnuedl
For the year ènd8d 30 June 2025
statemont of Tru5tees' respon$lbilities
The Truslèes (who are also the directors of the Company for Ihe purposes of company lawl are responsible for
preparing the Truste8s' Report and the financial statements in accordance with apPI￿ab}e law and United
Kingdom Accounting Slan¢Jafds (United Kingdom G8n8rally A￿pted Accounting Practicè).
Company law requlres the Trustees lo prepare financlal slal6ment$ for each financial . Under company law. the
Trusle&s musl not approve the financial statements unless they ar8 satisfied that they give a true and fair view
of the slate of affairs of the Gioup and the Company and of thgir incoming resources and 8ppli¢alion of
resgurces, including their income and expenditure, for that pèriod. In preparing these financial statements, the
Trust88s are requirod to"
select suitable accounting policies and then apply them ¢onsislenlly',
obseNe the methods and principle8 of the Charities SORP (FRS 1021.,
make judgments and accounting eslimales that are reasonable and prudent.,
stste whether appli¢8ble UK Accounting Standards IFRS 1021 have been followed, subject Io 8ny
material departures dis¢losed and explained in the financial slalements.,
PTepare the financial statements on the going concern basis unless il is inappropriate lo presume that the
Group will conllnue in businoss.
The Trustee8 are responsible for keeping adequate accounllng records that ore sufficient to show and explain
the Group and the Companys transactions and disclose with reasonable accuracy at any lime the financial
position of the Group and the Company and enable them to 8nsure that the financial slatemenls comply with the
Comp8nios Ad 2006. They are also r8spon8ible for safeguarding the assets of the Group and the Company
and hence fo¥ taking reasonable slep$ for the prevention and detection of fraud and other irregularities.
Olsclosure of Informatlon to auditor
Each of the persons who are Trustees at the lime when this Trustees, R8POrt is approved has confimed that..
so far a8 Ihat Trustee is aware, there is no relevant audrt information of which the charitable group's
auditor is unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and lo estsblish that the charitable group's auditor 18 aware of that
Informallon.
Audltor
The audltor, Melinek Fine LLP, has indicated his willingneBs lo continue in office. The designated Tru818es WII
propgse a motion reappointing the auditor 8t a meeting of the Truglees.
Approved by order of the members of the board of Trustees and SKJned on their behalf by..
LV
J M Mlllgr
Trustee
Dale.. 15ft1¥1 JOJL
Pag8 4

D.T.F. LIMITED
IA Company Limited by Guarante0}
Independent Audltor's Report to thfy MeM￿r$ of D.T.F. Llmlted
Oplnlon
We have audil8d the financial statements of D.T.F. Limiled (the 'pafenl charitable company'l and ils
subsidiarie5 Ilhe 'group'l for the year ended 30 June 2025 which ¢omprise the Consolidated Slalemenl of
Financial Activltles, the Consolidated Balance Sheet, th8 Company Balance Sheet, the Consolidated Sla18menl
of Cash Flows and the related notes, including a Summary of significant accounting policies. The financial
reporting framework that has been 8ppSied in their prep8ralion 18 applicable law and United Kingdom Accounlifig
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republi¢ of Ireland, (Uni1￿ Kingd¢yn Generally Accepted Accounting Practice).
In our opinion the financial st8temenls-.
give a tfue and fair view of the slate of the Group's and of the parent charitabl8 company's affairs as at 30
Juno 2025 and of the Group's incoming re8ource8 and application of resources, includin9 Its income and
exp8ndilure for the year then endèd.,
h8ve been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have b8en prepared in accordanc8 Mlh the requirements of thè Companies Act 2006 and the Charities
Ac12011.
Ba$ls for opinlon
We conducted our audit in accordance with International Standard8 on Auditin9 IUKI IISAS {UKII and applicable
law. Our responsibilities under those standards are further described in the Audil0rf8 responsibilities for the audit
of the financial statements section of our report. We are independent of the Group in accordan¢e with the
ethical requirements that are relevant lo our audit of the financial slalements in the United Kingdom, including
the Financial Reporting Council's Ethical Standard, and we have fullilled our other ethical responsibilities in
accordance with these requirements. We believe that lh8 audit evidence we hav8 obtained is sufficienl and
appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial st818menls, we have concluded that the Trusteos. use of the going con¢em basis of
accounting in the preparation of the financial stslemanls is appropriate.
Based on the work we have performed, we have not identified any material uncertainlias relating lo evènts or
conditions that, individually or collectively, may cast significant doubl on the Group's or the parent charitable
company's ability lo continue as a going concern for o period of at least ￿￿e1Ve months from when the financial
statements are aulhori8ed for issue.
Our re8ponsibilili&s and the responsibilities of the Trustees with respect lo going concem are dèscribed In the
relevant sections of this report.
Page 5

D.T.F. LIMITED
IA Company Llmlted by Guarantee)
Independent Audltorfs Report to the Mèmbers of D.T.F. Llmlted Icontlnugdl
Other Informatlon
Thè other information comprises the information included in the Annual Report other than the financial
slalemenls and our AudStols Report Ihereon. The Trustees ar8 responsible for the other information contained
within the Annual Report, OUT opinion on the financial slalemenls does not cover th8 other infomialion and.
except lo the exienl othe￿1$8 8xplicitly 8laled in our report. we do not &xpres5 any form of assuraneè
on¢lugion thereon. Our responsibility is to read the other information and, in doing so. consider whether the
i)th8r information is materially incon81slenl with the financial statements or our knowledge obtained in the course
of the audit, or otherwise appears lo be materially misslaled. If we identify such materi81 inconsislencie8 or
apparent material misstatements, we aTe required to deleimine wh8ther this gives rise lo a material
misstatement in the financi81 statements themsefves. If, based on the work we have performed, we conclude
that there is a material misslalement of this other information. we are Tequired lo report that fact.
We have nothing to report in this regard.
Oplnlon on other matt&rs prescrlbed by the Companie8 Act 2006
In our opinion. based on the work undertaken in the coufs8 of thè audit.,
the information given in tho Trustees, Report for the financial year for whi¢h the financial slalemenls are
prèpared is consistent with the financial slaloments.
the Trustees, Report has beon prepared in accordance with applicablo legal requi¢tment8.
Mattors on whlch we ar8 roqulred to report by excèptlon
In the light of our knowladge and under8tandiny of the charitable company and 118 environment obtained in the
ourse of the audit. we have not identified material misslalements in the Truslee5' Report.
We have nothing lo report in respect of the following matters in rélation lo which Companies Aet 2006 requirgs
us to report lo you if, in our opinion..
the parent charitoble company has not kept adequate and sufficient accounting records. or returns
adequate for our audit have not been received from branches not visited by us., or
the parent charitable company financial statements are not in agreement with the accounting records and
Telurns., or
certain disclosures of Trusleas, remuneration Specified by law are not made., or
we have not received 011 the infomalion and explanations we require for our audit,. or
the Trustees were not entitled lo prepare the financial statements in accordance wrth thè sm811
companies regime and lake advantage of the small companies, exemptions in preparing the Tru8le8S'
Report and from the requirement to prepare a Strategic Report.
Responslbllltlos of trustees
As explained more fully in the Trustees. Responsibilities Statement, Ihe Trustees (who are also the directors of
the charitable company for the purposes ol company law} are responsible for the preparation of the financial
glalemenls and for being satisfied that they give a true and fair view, and for such inlornal control as the
Trustees determine is necessary lo enable the preparation of financial statements that are free from material
misstalemenl, whether due lo fraud or error.
In preparing the financial slalemenls, the Trustees are responsible for assessing the Group's and the parent
charitable company's ability lo continue as 8 going concern. disclosing, as applicable, matl8rs related to going
concern and using the going concern basis of accounling unless the Trustees either intend lo liquidate the
GTQUP or the par&nl Charitab￿ company or to cea8e operations. or have no realistic allernalive bul lo do so.
Page 6

D.T.F. LIMITED
IA Company Llmlted by Guarantee)
Indepehdènt Audltor'$ Rèport to the Mombgrs of D.T.F. Llmlted Icontinuad)
Audltorfs respon$ibilltles lor the audSt ol the financlal statoments
Our objedives are lo obtain reasonable assurance about whether the financial stat￿nen18 as a whol8 are free
from material misstatement, whelhar due lo fraud or error. and to 1S8ue an Auditorfs Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will a￿ayS deled a material misstalemenl when it exists. Misslalem8nls can arise
from fraud 01 error and 8re considered maleiial if, individually or in the aggregate. they could reasonably be
expected to influence the 8conomi¢ decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design
Pro￿dureS in line with our respDnsibilities. outlined above, to de18cI material misstatements in respect of
irregularities, including fraud. The extsnl lo whtch our procedures are capable of detecting i¥regularilig5.
including fraud is detailed below..
We identifi'ed areas of laws and regulations that could reasonably be expected lo have a material effè¢1 on the
linancial slalemenls from OUT sector exp8riance through discussion with the trustees and other management
las reqLsired by aLKliling standards).
We had regard lo laws and regulations in areas that directly affect the financial st8tem¢nts including financial
reporting lincluding related legislation) and laxalion legislation. We considered that extent of compliance with
those laws and regulations as part of our procedufes on the relale11 financial statements ilem8.
With the exception of any known or possible non-compliance, and as requlred by auditing standard$, our work
in respect of these was limited to enquiry of the trustees and managemer¢t.
We communicated identified laws and regul81ions throughout our team and remained alert to any indications of
non-compliance throughout the audit.
We addressed th¢ risk of fraud thrtsugh management override of controls, by lesling the appropriateness of
journal entries and other adjustments,. and evaluating the business rational¢ of any significant transactions that
are unusual or outslde th& nomal course of business.
Our audit procedures were designed lo respond to risks of material misstatement in the financial slalements,
recognising that the risk of not detecting a material misstalemenl due lo fraud is higher than the risk of not
delecling one resulting from error, as fraud may invofve delib6rale concealm8nt by, for example, forgery,
misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and
the further removed non-compliance with laws and regulations is from the events and IransaGlions reflected in
the financial stalem8nls, the les5 likely we are lo become aware of it.
A further descTiplion of our responsibilities for the audit of th8 financial stalemfjnls is located oft Financial
Reporting CounGil's webgile al..
.frc.or
.uklaudilorsrgs
ons'bilities. This description forms part of our
Auditor's Report.
Page 7

D.T.F. LIMITED
(A Company Limltèd by Guarant88}
Indepèndent Auditor's Roport to thè Member6 of D.T.F. Limited lcontlnu￿l
Use of our report
This report is made solely lo the charitable company's members. as a body, in accordance with Chapl8r 3 of
Part 16 of the Companies Act 2006. and to the charitable companls trusle&s, as a body, Part 4 of the Charili&s
(Acco￿nIS and Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo the
charitable company's members those maller8 we are required to 51ale to them in an Auditor's Report and for no
other purpose. To the fullest extent p8rmitted by law, we do not accept or assume r8sponsibilily lo anyone other
Ihari the charitablo company and ils members, as a body, for our audit work, for this report, or for the opinions
we have formed.
Aryeh Mellnek (Senlor Statutory Audltor)
for And on behalf of
Mellnok Fine LLP
Chartered Accountants
Slalutory Auditors
Winston House
349 Reg8nts Park Road
London
N3 1DH
Dale.. I
Page 8

D.T.F. LIMITED
IA Company Limited by Guarant08}
Consolidatèd Statoment of tlnancial actlvSties1Sn¢orporating ihcome and ?xponditure account)
For the year ended 30 June 2025
Unrestrlcted
funds
2025
Total
funds
2025
Total
funds
2024
Notg
Income from:
Donalons and legacies
Investments
16,916
1,923,861
16,916
1.923,861
148,664
1,794,679
Total Incom8
1.940,777
1.940,777
1.943,343
Expèndlturg on:
Raising funds
Charitable activit￿$
1.469,319
234,629
1,469,319
234,629
1,322,550
305,943
Totsl expendlture
1,703,948
1.703.948
1.628,493
Net Income for the year and movement In funds
before other rècognl$ed galnslllossesl
236,829
236.829
314,850
Other recognlsgd gainslllossesl:
Losses on revaluation of fixed assets
12,486,423)
Not movomont In lund$
236,829
236,829
12.171.573)
Reconclllatlon of funds:
Total funds brought forward
Nel movement in funds
14.269,540
236,829
14,269.640
236,829
16,441,113
{2.171,573}
Total funds carrled forward
14,506,369
14,606.369
14,269,540
The Consolidated Statement of Finaneial Actwilies includes all gains and losses recognised in the year.
The notes on pages 13 10 22 form part of these financlal 8lalemenls.
Page S

D.T.F. LIMITED
IA Company Llmlted by Guarantpèl
Reglstered number: 01477534
Consolldated Balancg Sheet
As at 30 Jun& 2025
2025
2024
Note
Fixed assets
Investment prc¢)erty
14
25.050.000
25,050.000
25.OSO.OIJO
25,050.000
Currant assets
DebtcK$
Cash al bank and in hand
15
1.810.620
2,149,179
680.909
4.178.332
3.959,799
4,8S9,241
Cuffgnt liabllltles
Creditors.. 8moun16 falling due within one
year
18
11,290.0731
12,793,075)
Not currènt assets
2.669.726
2,066,166
Total assets loss current Ilabilities
27,719,726
27.116,166
Creditors.. amunls lalling due aftei more
than one year
17
113,213.3671
112,846,626}
Total net a$$ets
14,506,369
14,269,540
Charlty funds
Unrestricted funds
18
14.506,369
14,269,540
Tolal funds
14,506.369
14.289.540
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accout)ling record5 and preparation of financial slalements.
The financial slalemenls have been prepared in accordance wf(h the provisions applicable to entities subject lo
the small Companies regim8.
The financial statements were approved and aulhofised for issue by the Trustees and signed on Ihair b8hall by..
k L￿4,
J fvl Mlller
Tiuslee
Dale.. I510¥12oJQ
The notes on pag8s 13 to 22 fomi part of the8e financial statements.
Page 10

D.T.F. LIMITED
IA Company Limiled by Guarantee)
Règlstered number: 01477534
Company Statemènt of flnanclal posltlon
As at 30 June 202S
2025
2024
Notè
Flxèd assets
Investments
Investment property
13
14
181.902
13,945,000
181.902
13,945,000
14.126.902
14,126,902
Current assets
Debtors
Cash al bank and in hand
15
4,967,309
148,137
4.844.845
594,320
5,115.446
5,439,165
Current Ilabllltl&s
Credilor$'. amounts falling due within ono
year
16
{3.009,3491
13,603.764)
Net ¢urr•nt assets
2,106.097
1,835,401
Total assets less current Ilabllities
16,232,999
15,962,303
Creditor8'. amounts falling due after more
than one year
17
18,029.609}
{7,914.5231
Total net assèts
8.203,390
8.047,780
Charlty funds
Unrestricted funds
18
8.203,390
8,047,780
Total lunds
8,203,390
8.047.780
The Companls nel movement in funds for the year was £155.61012024 - £12,828,7521}.
The Trustees acknowledge their responsibilities for Complying wbth the requiremonts of the Act with respect lo
accounting iecord8 and preparation of fingncial Statements.
The financial statements hav8 been prepared in aecordanc8 Wlth the piovisigns appllcable to enlilies subject lo
the sm811 companie8 regime.
ial slalemenls were approved and aulhor¢sed for issue by thè Trustees and signed on their behalf by.
Th? fina
K Tr-
J M Miller
Truste8
Date. i s[¢)*l>)il
The notes on pages 13 to 22 form part of theso finan¢ial slalemenls.
Page11

D.T.F. LIMITED
IA Company Llmlted by Guarantee)
Consolldated Statement of Ca$h Flows
For tho ygar ended 30 June 2025
2025
2024
Note
Cash flows from operating actlvitles
Net cash used in operating activities
19
89,971
1.068,095
Cash flows from Inve$tlng actlvltles
Purchase of investments
11,416,813)
Net cash provlded byllu$ed In) Invftstlng activStle$
11 A16,B131
Cash flows from flnanclng activltles
Cash inflows from new borrowing
Repayments of borrowing
Interest payablè
750,000
5.400,000
11.832.090) {3,107,0001
(1,037.0341 {819,9701
Nèt Cash lusgd invprovlded by financlng actlYStlg$
{2,119,124} 1N73.030
Changè In cash and cash equlvalents In the year
Cash and cash equtvalenls at the beginning of the year
11025.1 $31 1,124,312
4,178,332
3,054,020
Cash and cash equivalents at thg ond of the year
20
2.149,179
4,178.332
The notes on pages 1310 22 form part of th8se financial statements
Page 12

D.T.F. LIMITÉD
(A Company Limlted by Guarantee)
Notes to the Flnanclal Statgments
For the ygar ended 30 June 2025
General Snformation
O.T.F. Ltd is a charitabla trust registered in England and Walès under the Charities Act. The address of
the registered office is given on the Information page.
Accountlng pollclos
2.1 Bas15 of preparation of Ilnanclal statements
Th8 financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Pradice applicable lo charities
preparing their a¢¢ount8 in ac¢ordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 2019}, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
D.T.F. Limited meets the definiliDn of a public benefff entily under FRS 102. Assets and liabilities are
initially recognised zt hlslor¢cal cost or liansaclion valu8 unle&8 otherwise stated in the relevanl
accounting policy.
The Consolidated Slalement of Financial Aclivilies ISOFAI and ConsoITdaled Balance Sheet
consolidate the financial slatem¢nls of the Company and ils subsidiary undertaking, The results of
the subsldlary are consolidated on a lin8 by line basis.
The Company has taken advantage of the 8x8mplion allowed under sedion 408 of the Companies
Act 2006 and has nol presented its own Slalem8nt of Financial Activities in Ihesa financial
statement8.
2.2 Company statu$
The cornpany is 8 company limited by guarantee. Tha members of the company are the Iruslees
nam8d on page 1. In the èvenl of the company being wound up, the liabilily in ¥espect of the
guarantee 1$ 10 £1 per member of the company.
2.3 Taxation
The charity is exempl from corporation lax on its charitable activities.
2A InGome
All income is recognised once the Company has enlillemenl lo the income, il is probabl8 that the
income will be received and the amount of income receivable can b& measured reliably.
Voluntary income 1$ received by way of donations and gifts and is in¢￿dad in full in the Statement of
Finan¢ial Activities {SOFAI when receivable.
Income tax rewverable in relation to investment income Is recognised at the lime the inveslm8nl
inwne is receivable.
Pagè 13

D.T.F. LIMITED
IA Company Llmited by Guarantoe}
Notes to the Flnan¢lal Statemènts
For the year ondfjd 30 June 2025
Accountlng pollcles {contlnuodl
2.5 Expenditur8
Expendlturè 18 recognised Once there is a legal or constructive obligolion to transfer 8conDmic
benefit to a third party. it is wobable that a transfer gf economic benefits will be ie4uired in
selll6menl and the amount of the obligation can be measur8d reliably. Exp&ndilure is classified by
8clivily. The costs of each activity are made up of the total of direct cost8 and shared costs,
including support costs involved in undertaking each activity. Direct ¢osts atlribulable lo a singl8
aclivily are allocated directly lo that activity. Shar¢d ¢osls which conlribule lo more than one activity
and support co$ls which are not attributable to a Single activity are apportion￿ between those
activities on a basis ¢onsislenl with the use of resources. Central staff eo81s are allocated on the
basis gf lime spent, and depreciation charges alloealed on the portion of the asset's Use.
ExpenditUTe on ralsing funds includes all expenditure incurred by th8 Group to raise funds lor its
charitable purposes and includes costs of all fundiaising activiti￿ events and non-charilable trading.
Expenditure on chariiable acliiritie8 is incurred on directly undertaking the activities which further the
Group's c+)jectivès, as w811 as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases wherè the
offer is condition81, such grants being r8cognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met al the year end are noted as a
eommilmenl, bul not accn¢ed as expenditure.
All expenditure Is Inclusive of irrecoverable VAT.
2.6 Interest recoivablo
Interest on ￿n￿8 held on deposit is includ8d when Teceivable and the amount Can b8 measured
reliably by the Group,. this is normally upon notifi￿tioft of the inler&st paid or payablo by the
institution with whom the funds are deposited.
2.7 Investments
Fixed asset investments are a form of financial instrument and are inbtially recognised at th&ir
transaction ¢osl and subsequently measured al fair value al the Balance Sheet dale. unless the
value cannot be measured reliably in which case il is measured al cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLosses}
on investments, in the Consolidated Slalement of Financial Aclivilies.
Investments in subsidiaries are Valu￿ at ¢osl less provision for impairment.
2A Investment Property
Investment property 18 carrted al fair value determined annually and derived from external
valuations. the current market rents and investment property weld5 for comparable real eslale.
adjusted if necessary for any differonce in the nature, location or condition of the specific asseL No
depre¢Fation is provided. Changes in fair value aro TKognised in the SOFA.
2.9 Financlal Instruments
The Group only has financial assets and financial liabilities of a kind that qualify as basic financial
Instruments. Basic financial instruments are initially recognised al transaction value and
subsequently measured al their selllemenl value with the exception of bank loans which ale
subsequently measured at amortised cost using the effective interest method.
Page 14

D.T.F. LIMITED
{A Company Llmitèd by Guaranteel
Notes to the Flnancial Statèmènts
For the year ended 30 June 2025
A¢countlng policies {continuedl
2.10 Fund accounting
General funds are unrestrioled funds which are available for use at the discretion of the Trustees in
furtherance of Ihe genèral obj8clives of the Group and which have not been designated for other
purposes.
Investment ineome, g3ins and losses are alknc8ted lo the appropriate fund.
Judg8monts In applylng a¢counllny pollcles and key sourcos of estlmatlon uncgrtainty
In preparing Ih8se financial slalemenls the directors have made judgements lo determine the fair v?lue of
the companls investment property. Factors taken into consideration in¢ludo the current mafkel rents and
investment property yields for comparable Teal estate, adjusted if necessary for any difference in the
natur?, location or condition of the speciftc asset.
Net movement In fund$
The nel movement in tho funds of the company for the year was a surplus of £155,610 12024.. defKil
£2,828,752) and has been dealt with the statement of Financial A¢livities of the company.
Income from donatlons ancl1ogaGies
Unrestrl￿ed
funds
2025
Total
funds
2026
Totsl
funds
2024
Donations
18,916
16,916
148,664
Investment Income
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Investment inwme- local investment properties
Investment income- local cash
1,921,127
2,734
1.921,127
2.734
1.794,292
387
1,923,861
1.923,861
1,794,879
Page 15

D.T.F. LIMITED
{A Company Llmlted by Guaranteel
Notes to the Flnancial Statements
For the yèar endèd 30 June 2025
Investment management costs
UnrestrlGted
funds
2025
Total
funds
2025
Total
funds
2024
Bank loan interest
Bank Charges
Property expenses
1,037,034
8.042
424,243
1.037,034
8.042
424,243
819,970
9,280
493,300
1,469,319
1,469,319
1,322,550
Analysls of grants
Grants to
Instltutlons
2025
Total
funds
2025
Totsl
funds
2024
Grants payabla
220,769
220,769
292,083
The Group ha5 made the following matèrial grants to institutlons during the year
2025
Name of Institutlon
Achisomoch Aid Co Ltd
Hasmonean High School Charitable Tru8t
Menorah Foundation
Gan Menachem Hendon Ltd
Friends of Bels Sorah Schneirer
51.600
23,61KI
15,575
15,345
10,000
116,020
104.749
Other grants to in81ilulions of less than £10,000
220,769
Page 16

D.T.F. LIMITED
IA Company Llmlted by Guarant&g1
Notos to the Financlal Statements
For the y&ar gndad 30 June 202$
Analys15 of expendlture by aGtivities
Grant
funding of
actlvltlos
2025
Support
costs
2025
Total
funds
2025
Total
funds
2024
Grants payable
Auditor8 fees lsee note below)
220,769
220.769
13.860
292.083
13.860
13,860
220,769
13,860
234,629
305.943
10. Audltor's remunpration
2025
2024
Fees payable lo the Company's auditor for th8 audit of the Companls
annuol accounts
4,410
4.410
Fees payable to the Compan￿5 auditor in respect of..
The auditing of accounts of associates of the charity
9,460
9,450
11. Employaos
The average monthly number of employees was NIL {2024- NIL}-
11 Trustses. remunoratlon and exponses
During the year. no Trustees reC8[v￿ any remuneration or other bgnelils12024- £NILI.
During thtr yaar ended 30 ju￿ 2025, no Trustee expenses have been incurr8d12024- £NIL).
Page 17

D.T.F. LIMITED
IA Company Llmited by Guaranteo)
Notes to the Flnanclal Statements
For the year ended 30 Juna 2025
13. Flxed asset Investments
Investmonts
In
subsldlary
eompanies
Company
Cost or valuatlon
Al 1 July 2024
181,902
AI 30 June 2025
181.902
Not book value
AI 30 June 2025
181,902
AI 30 June 2024
181,902
Prlnclpal subsldlarl•s
The ragistered address of the subsidiary undertakings is al Sutherland House. 70-78 Wesl H8ndon
Broadway London NW9 7BT. All subsidiaries have boen included in consolidation.
The followir*9 were subsidiary undertakings of the Company..
Names
Company
number
Principal aetlvlty
Class of Holdlng
shar•s
BritV8n properti￿ Limited
Chromegrove Limited
Neonhome Properties Limited
965961
1047148
2618179
Property inveslm¢nl Ordinary
Prop8rty investment Ordinary
Prop&rty investment Ordinary
100•
Page 18

D.T.F. LIMITED
IA Company LSmlt8d by Guaranteel
Notes to the Finan¢lal Statements
For the year ended 30 June 2025
14. Investment pyoperty
Group
Frèèhold
investmènt
property
Valuatlon
Al 1 July 2024
25,050,000
At 30 June 2025
25.050,000
Company
Freahold
invostment
property
Valuatlon
Al 1 Juty 2024
13,945,000
At 30 June 2025
13.945.000
The 2025 valuations wer8 made by the trustees. based where applicable on discussions with valuation
professionals and on valualitsn reports on eertain of the group's properties prepared for lending purposes,
on an open market value for existing use basis.
15. Debtors
Group
2025
Group
2024
Company
2025
Company
2024
Due wlthln one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
48.271
53,293
8,107
4.452.704
506,498
5,983
4,367,391
471,471
1,748,383
13,966
618,678
8,938
1,810.620
680,909
4,967,309
4,844,845
Page 19

D.T.F. LIMITED
IA Company Llmlted by Guaiantgel
Notes to thg Financial Statoments
For the y&ar end8d 30 June 2025
16. Credltors: Aniounts falllng due wlthln onè year
Group
2025
Group
2024
Company
2025
Company
2024
Bank loans
Amounts owed lo group und6rtakings
Other laxalion and social security
other creditors
Aceruals and deferred ineome
735,574
2,184,395
634,914
1,830.202
34097
510
509,666
1,738,139
1,308.646
6.595
9,434
540,950
34,097
1,387
519.015
6,595
27.857
574,228
1,290,073
2,793,075
3,009.349
3,603,764
On8 of the bank loans ID a Subsidiary was refinanced after the year end on a 25-year facility.
17. Cr¢ditors: Amounts falllng due after more than one year
Group
2025
Group
2024
Company
2025
Compony
2024
Bank loans
13,213,357 12,846,626
8.029.609
7,914,523
The bank loans are secured by fixèd charges over freehold investment properties of Iho group. The rates
pay8ble on these loans are fi'xed until expiry at interest rates between 4Q/o and 6.1tsA.
Page 20

D.T.F. LIMITED
IA Company Limit8d by Guarantee}
Notes to the Flnan¢lal Statements
For tho yèar &nded 30 June 2026
18. Statpment of funds
Statement of funds - current year
Balance at
30 June
2025
Balance at I
July 2024
Income Expandlture
Unrgstricted funds
General Funds
14,26Y,540
1,940,777 {1,703,9481 14,506.369
Statement of funds - prior year
Balance at
30 June
2024
Balance al
1 July 2023
Gainsl
(Losses)
Income Expenditure
Unr8$trictÈd funds
G8n8ral Funds
16,441,112
1,943,344
11,628,493) 12.486,4231 14.269,540
19. Roconciliatlon of net movemènt In funds to net cash flow from operating activitlts
Group
2025
Group
2024
Net incomè for the year las per Slalement of Financial A¢tivitiesl
236,829
314,850
Adjustments for:
Interest payable
Increase in debtors
Increasellde¢reasel in creditors
1.037,034
819,970
(1,129,711) 1142,684}
154,181)
75,959
Net cagh provided by operatlng actlvltlg$
89,971
1,(E8,095
Page 21

D.T.F. UMITED
IA Company Llmttèd by Guarantèe)
Note5 to the Flnan¢lal Statèments
For the year ended 30 June 2025
20. Analy$is of cash and cash equlvalents
Group
2026
Group
2024
Cash in hand
2.149.179
4,178,332
Total Cash and cash equ5valents
2,149,179
4,178.332
21. Analysls of changes In net debt
At 1 July
2024 Cash flows
At 30 June
2025
Cash 81 bank and in hand
Debt due within 1 yeaT
Debt due after 1 year
4.178.332 12.029.153) 2,149,179
12,212,251) 1,475.290
736,961}
112,846,626) (366,731} 113,213,357}
110.880.545> 1920,5941 111,801.1391
22. Relat&d party transactlons
The Company is enlilled to 90.kn of both the nel rental income and the sales proceeds from a number of
r8sid8nlial PTuperties held on twsl on ils behalf by H Tannen Kidlington. In the year under review, an
amount of £338.64612024 - £338,506) included in other doblors relate to the50 properties. with income
receivabl8 of £13412024- £3221.
Al the year end, a Subsidiary within the group was owed £1,241.885 by The Tannen Group Limited. ThSs
balance arose from inlercompany funding arrangem8nls arisin9 from the nornial course of property
investm8nt and development activitiès across the companies managed by the same office. This balance
ha3 8ince been rèpald.
23. Controlling party
The ultimate controlling party is the trustees.
Page 22