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|Trustees|H Hofbauer|
|---|---|
||R Hofbauer|
|Secretary|HHofbauer|
|Gharitynumber|285533|
|Companynumber|01650188|
|PrincipalandRegistered office|282Finchley Road|
||Hampstead|
||London|
||NW3 7AD|
|Auditors|Gerald Edelman LLP|
||73 Cornhill|
||London|
||EC3V 3QQ|
|Bankers|Royal Bank of Scotland|
||Piccadilly Circus Branch|
||48 Haymarket|
||London|
||SWlY4SE|
||Lloyds Bank|
||25 Gresham Street|
||London|
||EC2V 7HN|





||Page|
|---|---|
|GroupTrustees'report|1-4|
|Statement of Trustees' responsibilities|5|
|lndependentauditor's report|6-9|
|Consolidatedstatement of financial activities|10|
|Consolidatedbalance sheet|11|
|Statementof consolidated cashflows|12|
|Notes to the consolidated accounts|13-27|





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|||2022|2021|
|---|---|---|---|
||Notes|Ê|s|
|lncome from:||||
|lnvestments|3|1,186,0641,143,179||
|Total income||1,186,0641,143,179||
|Expenditureon:||||
|Raisinqfunds||||
|Property management costs|4|328,898|242j86|
|Charitableactivities|5|995,003|824,540|
|Total expenditure||1,323,9011,066,726||
|Net (expenditure)/income before investment returns||(137,8371|76,453|
|Net gainsoninvestments|l3|170,500|35,714|
|Netincome/Netmovementinfunds forthe year||32,663|112,167|
|Reconciliationoffunds||||
|Fundbalancesat1January 2022||10,222,59510,110,428||
|Fundbalancesat3lDecember2022|23|10,255,25810,222,595||





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|||Ënoup|G¡osp|Chrrit-I|Ëhrrkt|
|---|---|---|---|---|---|
||Htllr|2øl4<br>E|t0¡rt|3üU<br>€|fl¡{!r<br>Ê|
|Fi[ådr*ûrt*||||||
|Irri¡Ês1rn6rl1.pfqpôf'lir*<br>lørsetr¡çrds|14<br>1¡|1¡iü¡t,t*l<br>rtõm|12,3ütr¡15<br>?ó,tûü|I{,Ëlå,åitg<br>E1,lü0|Tf¡*t$,1¡{<br>rt?ut|
|||r¡,û17,t{t|tl,43l,Ðili|l!,?1f.s$t|f1,t4s,03ú|
|ç{ffûn{tilü4¡<br>ütùhrÊ|1t|ftn,ûtr'|{&t,ãt4|*6i,eg:l|ü0.m|
|C¡sf!ûtbârikañdlnh**d||f,t6,û78|âr1"Ê1$|!03"is¡|tsñ.0fit|
|Crtdl¡or*: srlgunt* trllta$dsr<br>ttt!ürlnori.ytflr|t¡|3tûiflC<br>{4ü{ê61}|3?r,!Ë*<br>{¡üm,ru0¡|t,4gt.ü15<br>ûû0{"703}|1,|¡,ü4,TglF<br>fl&$$l|
|il¡{r¡rrcnt¡l¡¡{¡t{ll[þf{lthr}||g$,tgt|{ltt,t¡fsl|1'ût!.11.lüs$"1û0||
|Tolãlû¡r*til*rioüfi.t'ntf[rbllhiiG||1[,ffi0,?t$|l¡,1å1"00t|1¿,à{ll,70t|t¿,t?[,tt0l|
|G¡çÉftorn:smol¡{tÞf*ll¡nå{trrrltrr<br>rnrglh¡qaã8y1Êirt|äû|{r"tfl,4tr}|t!.ü¡9.{s4l|{å,{,ûr,r2¿}|{r"t¡t,¡[B{l|
|nrlüû.lr||to"tõt¿ãg|t0¡!2,sË|lt,s46"$Eü|t0.t1¡J1t|
|lnoorn¡lundc||||||
|Ulrmctrl;atdlun¡¡<br>G4r¡erdrr¡r*ÊFtçltdfu*rdÉ|¿3|tü¿t3"¡tp|tû_¡¡l,tFs|tü,!4t,5ûs|1ü,3î¿,017|
|||tB,¿td¡2Ít|f$,¿il¡,õSi|tô,14$,t0ô|l0,gt¡,õlf|







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|||2022||2021||
|---|---|---|---|---|---|
||Notes|€|Ê|Ê|â|
|Cashflows from operating activities||||||
|Cash absorbed by operations|28||(41,406)||130,640|
|lnterest paid|||(r04,029)||(46,684)|
|Netcashoutflowfromoperating|||(145,435)||83,956|
|activities||||||
|Investing activities||||||
|Purchase ofinvestmentproperty||(68,106)||(50,000)||
|Proceeds of saleofinvestment property||||||
|Netcash usedin investing activities|||(68,106)||(50,000)|
|Financingactivities||||||
|Proceedsofloans||1,507,658||1,224,981||
|Repayment ofbankloans||(970,018)||(1,203,624)||
|Netcash generatedfrom/(absorbedby)||||||
|financing activities|||537,640||21,357|
|Netincrease/(decrease)incash and cash|||324,099||55,31 3|
|equivalents||||||
|Cash and cash equivalents at beginning ofyear|||211,279||155,966|
|Cash and cashequivalentsatend ofyear|||535,378||211,279|





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|Investments||
|---|---|
||2022<br>2021|
||Ê<br>Ê|
|Rentalincome<br>lnsurancecostsreimbursed|1,lS4,0Sl1,112,901<br>31,286<br>30,232|
||I,186,0641,143,179|





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|4|Raisingfunds|||
|---|---|---|---|
|||2022|2021|
|||Ê|Ê|
||Prooertv manaoement costs|||
||Other costs|313,295|233,613|
||Legalandprofessional|15,603|8,573|
|||328,898|242,186|
|5|Gharitableactivities|||
|||2022|2021|
|||â|â|
||Grantspayable(see note 7)|964,747|789,234|
||Governance costs(seenote 6)|30,256|35,306|
|||995,003|824,540|
|6|Governancecosts|||
|||2022|2021|
|||t|Ê|
||Audit fees|2l,000|21,000|
||Accountancyfees|9,256|14,306|
|||30,256|35,306|





## 

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|7|Grants payable|||
|---|---|---|---|
|||2022r|2021<br>â|
||Amud Hatzdokoh|5,930|2,760|
||AV Trust|29,500|15,000|
||BEFORETrust|34,000|19,000|
||Beis Aharon|16,000||
||Beit Hamidrash Abarbanel Ashdod|57,180|264,000|
||Beit Midrash & Kollel|304,000|4,000|
||Beth MidrashLemor|7,200|2,000|
||Beis SorohSchneirerBuilding Fund|7,500|360|
||Beth Yosef Zvi|II,000|12,200|
||CareAllLimited|3,600|12,000|
||ChabadlsraeliCTR|15,308|12,000|
||Chevras Ezras Nizrochim|5,000|17,200|
||Chevras Mo'os Lodol|46,100|42,000|
||CMZ Limited|17,000||
||DushinskyTrust|5,000||
||Friends of Beis Chinuch Lebonos|8,180|12,000|
||FriendsofUnitedHalzalah|31,000||
||Gesher CharitableTrust||10,000|
||GGBH|13,052|8,840|
||Haskel school|10,000|11,000|
||Hasmonean High School|5,000||
||Kollel Hakol|12,000||
||Kupas Tzedoko V'chesed|25,000|26,000|
||Mercaz HaTorahBelzMachnovka|1,260|10,000|
||Mifalei Gevurah||13,920|
||Nancy Reuben Primary School|2,490|9,590|
||One Heart Lev Echod|18,000||
||Oyster Gemillus|6,000||
||Royworld Economy|17,864||
||Shir Chesed Beis|43,500|12,250|
||Toldos Aharon|21,000||
||Torah Vochessed|101,767|171,389|
||Yeshivat Chochmat Shlomo|11,000|9,000|
||Various others-withindividualvaluebelowf5,000|73,316|94,987|
|||964,747|l9tl99|





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|<br>oftheresults oftheCharitable company Trumros Limited ispresen|ted below:||
|---|---|---|
||Total|Total|
||2022|2021|
||Ê|I|
|Totalincoming resources|I,135,891|1,080,074|
|Costs of generatingfunds|(308,775)|(211,766)|
|Total charitableexpenditure|(964,7471|(7e1,4e6)|
|Net(expenditure/incomebefore investment returns|(r37,631)|76,812|
|Revaluationofinvestmentproperties|170,500|35,714|
|Gain on saleof investmentproperty|||
|Net movementinfunds|32,869|112,526|
|Fund balances atIJanuary2022|10,312,517|10,199,991|
|Fund balances at 31 December2022|10,345,386|10,312,517|





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||Total|Total|
|---|---|---|
||2022<br>€|2021r|
|ProfitandLossAccount|||
|Turnover|103,802|102,173|
|Administrativeexpenses|(42,022)|(5e,133)|
|lnterestreceivable|33|2|
|lnterest payable|(10,436)|(6,248)|
|Profìtfor theyearbefore charitable donations|51,377|36,754|
|Donations paidtoparent undertaking|(51,3771|(36,7e4))|
|Retained profit|||
|AssetsandLiabilities|||
|Fixed assets|968,106|900,000|
|Current assets|33,249|46,809|
|Current liabilities|(887,982)|(7e8,584)|
|Liabilitiesfallingdue after more than oneyear|(r97,1 59)|(232,011)|
|Net Liabilities|(83,786)|(83,786)|
|Representedby:|||
|Share Capital|t00|100|
|Profitandloss reserves|(83.886)|(83,886)|
||(83,786)|(83,786)|





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||,    <br>Theregistered office is 282 Finchley Road, Hampstead, London<br>financialstatements. areasfollows:|<br>NW37AD as extractedfrom i|<br>tsaudited|
|---|---|---|---|
|||Total|Total|
|||2022|2021|
||ProfitandLossAccount|||
||Administrativeexpenses|(205)|(361)|
||Lossforthe year|(205)|(361)|
||Retainedloss|(20s)|(361)|
||Assets and Liabilities|||
||Gurrentassets|547|547|
||Cunentliabilities|(34,481)|(34,276)|
||Net Liabilities|(33,934)|(33,729)|
||Representedby:|||
||Share Capital|6,000|6,000|
||Profitand lossreserves|(33,934)|(39,729)|
|||(33,934)|(33,72e)|
|10|Net incomeforthe year|2022<br>I|2021<br>Ê|
||Thisis stated after charging:|||
||Fees payable tothecompany's auditors for theaudit|||
||ofthegroup's annual accounts|2l,000|21,000|
||Bankinterestpayable|93,593|43,208|



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|13|Netgains/(losses)oninvestments|||||
|---|---|---|---|---|---|
||||2022||2021|
||||€||â|
||Revaluation of investment properties||170,500||35,714|
|14|InvestmentProperties|||||
||Group|Freehold|Leasehold||Total|
|||Land and|property|||
|||buildings<br>â|t||Ê|
||CosUvaluation|||||
||At1January2022|9,109,854|3,253,481|12,363,335||
||Additions|68,106|||68,106|
||Revaluation|390,500|(220,000)||170,500|
||At31December2022|9,568,460|3,033,481|12,601,941||
||Depreciationandimpairment|||||
||At1January2021 and at31 December2021|||||
||Carrying amount|||||
||At31December2022|9,568,460|3,033,481|12,601,941||
||At31December2O2l|9,109,854|3,253,481|12,363,335||





## 

|Gharity||||
|---|---|---|---|
||Freehold|Leasehold|Total|
||Land and|property||
||buildings<br>â|Ê|I|
|GosUvaluation||||
|At1January2022|8,614,854|2,848,481|11,463,335|
|Disposals||||
|Revaluations|390,500|(220,000)|170,500|
|At31December2022|9,005,354|2,628,481|11,633,835|
|Depreciationandimpairment||||
|At1January2022andat31December2022||||
|Carrying amount||||
|At31December2O22|9,005,354|2,628,48',1|11,633,835|
|At31December2021|8,614,854|2,848,481|11,463,335|



|15|Fixed assetinvestments||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
|||Notes|Ê|â|Ê|€|
||Atcost||||||
||lnvestmentsinsubsidiaries|28|||6,100|6,100|
||Other investments||75,600|75,600|75,600|75,600|
||||75,600|75,600|81,700|81,700|





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|l6|Financialinstruments|Group||Group|Charity|Charity|
|---|---|---|---|---|---|---|
|||2022||2021|2022|2021|
|||â||â|Ê|€|
||Carrying amountoffinancialassets||||||
||Debt instruments measured at amortised cost|139,894||143,978|949,117|873,259|
||Equity instruments measured at cost less||||||
||impairment||||6,100|6,100|
|||139,894||143,978|955,217|879,359|
||Garryingamountoffinancial liabilities<br>Measured atamortised cost|2,908,613|2,555,579||2,838,1l8|2,029,925|
|17|Debtors|Group||Group|Gharity|Charity|
|||2022||2021|2022|2021|
||Amountsfallingduewithinone year:|Ê||t|Ê|â|
||Trade debtors|69,655||104,259|69,656|104,259|
||Amounts duefrom subsidiaryundertakings||||809,222|729,281|
||Amounlsdue fromjointventures|51,265||21,569|51,265|21,569|
||Other debtors|18,974||18,150|18,974|18,150|
||Prepayments andaccruedincome|41,177||17,606|39,165|15,468|
|||181,071||161,584 988,282888,727|||
|18|Loans andoverdrafts||||||
|||Group||Group|Charity|Charity|
|||2022I||2021<br>â|2022<br>Ê|202',|.<br>€|
||Bank overdrafts||||||
||Bank loans|2,793,832|2,263,849||2,561,322|1,996,488|
||Directo/sLoan|7,658|||7,658||
|||2,801,490|2,263,849||2,568,980|1,996,488|
||Payable within oneyear|139,351||165,355|111,658|130,004|
||Payable after oneyear|2,654,491|2,O98,494||2,467,322|1,866,484|





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|19|Greditors: amountsfallingdue|withinoneyear|||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2022|2021|2022|2021|
|||Notes|â|€|Ê|â|
||Loans and overdrafts|l8|147,009|165,355|1fi,658|130,004|
||Othertaxationand social security||24,395|33,624|23,906|32,824|
||Trade creditors||21,026|3,047|8,350|613|
||Other creditors||56,777|52,010|47,547|42,781|
||Accrualsanddeferred income||235,04|236,673|213,241|214,601|
||||484,251490,709 404,702420,823||||
|20|Greditorsl amountsfallingdue|aftermorethan|oneyear||||
||||Group|Group|Gharity|Charity|
||||2022|2021|2022|2021|
|||Notes|â|Ê|â|â|
||Loans andoverdrafts|18|2,654,4812,098,494||2,457,3221,866,484||
|2l|Deferredincome||||||
||||||2022|2021|
||||||Ê|Ê|
||Rentalandinsurance income||||205,724|209,775|
||||||205,724|209,775|
||Defenedincomeis includedinthefinancialstatementsasfollows||||||
||Current liabilities||||205,724|209,775|
||||||205,724|209,775|





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|||Movement infunds||
|---|---|---|---|
||Balance atI|lncomeExpenditure Revaluations,|TransfersBalance at31|
||January|gainsand|December|
||2022<br>Ê|losses<br>€Êâ|2022<br>Êg|
|General Funds|10,222,595|1,189,241(1,327,078)170,500|10,255,258|
|Revaluation reserve||||
||10,222,595|1,189,241(1,327,078)170,500|10,255,258|



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||2022|2021|
|---|---|---|
||â|t|
|Within oneyear|13,500|13,500|
|Betweentwoandfiveyears|54,000|54,000|
|ln overfive years|6,750|20,250|
||74,250|87,750|



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||2022|2021|
|---|---|---|
||â|Ê|
|Within oneyear|892,252|708,954|
|Betweentwoandfiveyears|2,435,535|2,338,8r0|
|ln overfive years|1,479,294|1,360,508|
||4,807,071|4,408,272|





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|27|Subsidiaries|||||
|---|---|---|---|---|---|
||Nameofundertakingandcountryof|Natureof business|Classof||%Held|
||incorporation or residency||shareholding|Directlndirect||
||EmdastatesLimited<br>England and|Property investment|Ordinary||100|
||Wales|||||
||England and<br>JManning Properties|Dormant company|Ordinary||'100|
||Wales<br>(WestEnd) Limited|||||
|28|Cash generatedfrom operations|||2022<br>Ê|2021<br>t|
||(Deficit/Surplusfor theyear||32,664||112,167|
||Adjustmentsfor:|||||
||Revaluation of investment properties||(170,500)||(35,714)|
||Saleofinvestment property|||||
||Finance costs||104,029||46,508|
||Loanfeeamortisation||||176|
||Movementsinworking capital:|||||
||Decrease(increase)in debtors||(19,488)||135.723|
||(Decrease/lncreasein creditors||1l,889||(128,220)|