Ooculgn Envelope ID.. 69AE82BF-9B304E3F-eFeD-D2C9ECIA38D2
COMPANY REGISTRATION NUMBER: 01724781
CHARITY REGISTRATION NUMBER: 287322
CHALFORDS LIM￿ED
COMPANY LIMrrED BY GUARANfEE
FINANCIAL STATEMEiYrs
31 DECEMBER 2023
COHEN ARNOLD
Chart¢red accountants & Statutory Auditor
New Burlington House
1075 Finchley Road
London
NWII OPU

Docuslgn Envglope ID.. 6gAE82BF-9B3￿4E3F-BF8￿D2c9Ec1A38D2
HALFORDS LIMITED
COMPANY LIMITED B Y GUARANTEE
FINANCIAL STATEl¥tENTS
YEAR ENDED 31 DECEMBER 2023
PAGE
Trustccs, annual report (incorporating the diTectorfs report)
Independent auditor's report to the members
Statement of financial activities (including income and expenditure
account)
Statement of financial position
Statement of cash flows
12
13
14
Notes to the financial statements
Is

DoGuslgn Envelopè ID.. 69AE828F.98304E3F-BF8D-D2C9EC1A38D2
CHALFORDS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEESI AKNUAL REPORT ￿NcORPO]L4T￿NG THE DIRECTOR'S REPORT)
YEAR ENDED 31 DECEMBER 2023
The trustees, who are also the dir¢ctors for th¢ Purposes of company law, present their r¢port and the
financial siatements of the chwity for the year ended 31 December 2023.
REFERENCE AND ADMINISTIL4TIVE DETAILS
Ch&lfords Limit¢d
Registered charity name
ChArlty reglstratlon nvmber 287322
Company registr&¢loD Dumber 01724781
Prlnclpal omce and wlstered New Burlington House
off￿¢
1075 Fin¢hley Road
London
Nwi I OPU
THE TRUSTEES
Mr IL Weiler
Mrs R Greenberg
Mr A Weiler
Mr M Weiler
Mr J Weiler
COMPANY SECRETARY
Mrs R Oreenberg
Cohen Arnold
Chartered accountants & Statutory Auditor
New Burlington House
1075 Finchl¢y Road
London
NWI I OPU
AUDITOR
SOLICITORS
Qreenwood & Co
Premier House
12- 13 Hallon Garden
London
ECIN8AN

DocuskJn Envelope ID.. 69AE82BF-9B304E3F4F8D-D2C9EC1A3802
COMPANY LIMITED B Y GUARANTEE
TRUSTEES, ANNUAL REPORT (INCORPOIL4TING THE DIRECTOR'S REPORT)
(¢oArfM¥ed)
YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMELYr
GovernlDg Document
Chalfords Limited is a company limited by gLwanl¢e and is govern¢d by its Memorandum and
Articles of Association.
AppolntmeD¢ Tralnlng Recruitment of Trusttes
All current trustees are ordinary members and no honorary members have been appointed. Every
8overnor/trustee holds office until helshe shall die or shall cease lo hold offic¢ by virtue of the Articles
of Association.
Where ihere is a requlremenl for new Iruslees, these are identified and appointed by the existin8
tTUStees. The chair of trustees is responsible for th¢ induction of any new trustee, which involves
awareness of a trustee's r&sponsibilities. the governing docuinent. administrativ¢ procedure5. and the
history and philosophical approach of the charity. A new trust¢e receives copies of the previous year's
annual report and accounts, with detailed explanation thereof.
All Irusiees give their lime voluntarily and no benefit or expenses were paid lo them during the period.
OrgaDl$Otlon
The organisalion is run by governotB who are the trustees. The day-to-day affairs of the company are
administered by the Governors (Truslees) whos¢ Chair is Mr l L Weiler.
None of the. governorslirustees have any beneficial interest in the company.
Group Structure and RelAtlon$hlps
Th¢ charity has a wholly owned non-charitable operating subsidiary. Newray (London) Limited. a
¢ompany incorporated in England and Wales (Company number.. 00456304). The subsidiary
undertaking's nature of business was thai of property tradin& alihough it is now dorniant. 'I'he
accounts of Newray (London) are not consolidated into the accounts of Chalfords Limited a5 they are
considered immateria].
The charity has two wholly owned non-charitable operating subsidiary. l) Newray (London} Limited,
a company incorporated in England and Wales {Company number.. 00456304). Newray's naiure of
business that of property trading, h]though it is ni)w domant. The accounts of Newray (London)
are nol consolidaled into the accounts of Chalfords Limited as they are considered immateria]. 2)
Chancery MK9 Limited, a company in¢orporated in England and Wale5 (Company number.
12935868). Chancery MK9 Limited is a a dormant Company. The ￿¢0￿ltS of Chancery MK9 Limited
are not con501idated into the accounts of Cha]fords Limiled as they are considered immaterial.
Related Parlies
Details of transactiotls With related parties are disclosed in the Notes to the Financial Statements.

Owv5ign Envelcyp ID.. 69AE82BF-98304E3F-BF8D-D2C9EC1A38D2
CHALFORDS LIMITED
COMPANY LIMITED BY GUAIL4NTEE
TRUSTEESI ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES
Charltable Objects
The charity is established to fvrther those purposes recognised as charitable by English Law and in
furtherance of the following obje¢ts.
- the advancemenl of religion in accordance with Orthodox Jewish faith.
- the advancement of Jewish Religious Education
- the ￿lIef of pov¢rty'
for other purp)ses as are recognised by English Law as charitable.
The charity ￿e1Ved income mainly from its property and other investments which it utilises in th¢
provision and distribution of grants and donations.
The charity's principal activiiy throughout the year w85 the provision and distribution of donaiions pnd
grants lo organi5ations, and no ¢hange is envisag¢d in ihe immediale bjiure.
Gr8nt maklng poll¢y
Grants are made to ¢hAritabl¢ insti￿tionS and organisalions which conform to the objects of the
charity aft¢r the trustees have satisfied themselves as lo the bona fides of the recipients. Grantg are
considered for both capital projects and revenue funding.
The Iruslees are approached for donations by a wide variety of charitable inslilulions operating all ov¢r
England. The trustees consid¢r all requests which they receive and make donations based on the level
of fwids available.
Alms, obJec¢lves aetlvltles for publle bene(It
The trustees confirni that they have r¢ferred to guidelines contained in the Charity Commission's
general guidance on public benefit when reviewing the charity's aims and objectives and in planning
future aclivilies and setting the grant making policies for the year. This charity was established to
support the activities of Jewish Teligious organisations, especially in the field of education and lo
provide philanthropic aid lo the needy. Donation5 are made lo or8anis)tions providing a sound
r¢ligiouy education in accordance with doctrines and principles of traditional Judaism and to
institutions set up to provide Aid to the needyk With a view lo achievin8 the objects of the charity,
ACHIEVEMENTS AND PERFORMANCE
Durin£ th¢ year, the charity continued its philanthropic activities and has maintained suppon lo
¢Stablished Jewish Orthodox institutions providing edu¢ation. advancement of religion 8nd relief for
the poor.
Grants and donations of £1,324.533 (2022.. £5,284.692) was distributed dwing the year in furtherance
of the charity's objectivary.
The financial results of th¢ charity for the y¢ar ended 31 December 2023 are fully reflected in the
attached financial statements together with the note5 thereon.

Do¢uslgn En¥*lop8 ID." 69AE828F-98304E3F-BF8D-D2C9EC1A38D2
COMPANY LIMITED B Y GUARANTEE
TRUSTEES, ANNUAL REPORT {INCORFORATING THE DIRECTOR'S REPORT)
(¢oryliJr4e
YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVtEW
The financial position of the charity is satisfactory. The charity's Statement of financial activities
shows n¢1 income of £672.873 (2022.. £1,451,343). and total reserves of £63.591,910 (2022,.
£62.919,037).
lTrvestment Powers and Pollcy
Under the Memorandum and Articles of Association, the chgrity has the rK)wer lo make any
investment which the trustees see fit provided that funds utilised are not immediately required for use
in ¢onnection with any of its objects. The trustees regularly review Ihe charity's position and needs in
r¢sp¢¢l of the investment policy.
The charity holds investsnents of primarily residential and Gommercial property. The inveslment
income is distributed in a¢cordanc¢ with the charity's obj￿1$.
Reserves pollcy
It is the policy of thc charity to malntain unreslricled funds at a level wliicli the trustees think
appropriate after considerin8 the future eommilmenls of the charity and the likely costs of the charity
for the next year.
At 31 December 2023. the charity had total funds of £63.591,910, all of which are unrestricted funds,
PRINCIPAL RISK AND UNCERTAINTIES
Rl$k mAn4gement
The trustees have iderttified and reviewed the major risks lo which the charity is exposed, in porticular
those related lo the operations and finance of the charity, and are satisfied that 5ysl¢m5 are in place to
mitigate those risks. It Is reco8nised that systems can only provide reasonable but not absoluie
assuran¢¢ that major risks have b¢¢n adequately managed,
Fln4nclal rlsk m*Dagement And pollel
The charity holds or issues financial instrumenis in order lo achieve three main objectives being..
a) to finance its operations
b) to manage its exposure to interest and currency risks arising from operations and from its sources of
finance. and
c) to generate funds.
In addition various financial instnunenls (e.g. debtors, CTeditors. prepayments and ￿¢rUalS) arise
directly from the charity's operations.
Credit Rtsk
Th¢ ¢harity monitOTS credit risk c105ely and consid¢rs that its current policies of ¢redil risk checks
meets its objectives of managing exposure to credit risk. The charity has no significant concentrations
of credit risk. Amounts shown in the balance sheet represent the maximwn anlicipaled credit risk
exposure, It is reCo￿lSed that systems can only provide reasonable but not absolute assurance that
major risks have ixen adequately managed.

DLU51gn Envelope ID.. 69AE828F-983L￿lE3F-￿F8D-D2c9EClA38D2
CHALFORDS LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEESI ANNUAL REPORT ONCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 31 DECEMBER 2023
PLANS FOR FUTURE PERIODS
The trustees continue to seek ways lo maximise the chatity's in¢ome from its investments to enable il
to ¢onlinue its charitable objectives.
TRUSTEESI RESPONSIBILITIES STATEMENT
The truslees. who are also diwlors for the purposes of company law, are responsible for preparing the
trustees, report and the financial stalemenls in a¢cordance wilh applicable law and Uniied Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practic¢).
Company law requires the charity trustees to prepare fin8n¢ial statements for each year which give a
ttue and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure. for ihat period.
preparing these financial statemenis. the Irustees are required to..
select suitable aceounling policies and then apply them consistently,
observe the methods and principles in the appli¢abl¢ Charities SORP;
make judgments and accountin8 estirnates that are reasonable and prndent,
prepare the financial stateinenls on the going concern basis unless it is inappropriate lo presume
that the chariry will continue in business.
Th¢ trLL8tees are r¢sponsible for keeping adequate a¢¢ounting records that are SU￿1¢1¢nt to show and
explain th¢ charity's transactions and disclose with reasonabl¢ accuracy al any time the financial
position of the charity and enable them lo ¢nsure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the &ssets of the charity and hence
for taking reasonabl¢ sl¢ps for ihe prevention and deieclion of fraud and other inegulariti¢s.
AUDITOR
Fach of the persons who is a trustee at the date of approval of ihis report confirn)s that.,
50 far as they are aware. there is no relevant audil inforniation of which the charity's auditor 18
unaware. and
they have taken all steps that they ought to have taken as a truslee lo make themselves awar¢ of
any relevant audil inforniation and to establish that the charity's auditor is aware of that
inforniation.
The auditor is deemed to hav¢ been re-appointed in accordance with section 487 of the Companie5 Act
2006.
SMALL Col￿ANy PROVISIONS
This report has been prepar¢d in accordance with the provisions applicable lo companies ¢ntitled to
the sma]I companies exemption.

DOCU￿9￿ Envelope ID.. 69AE828F-9B31HE3F-BF80-D2C9EC1A38D2
CHALFORP_.S. LIM_ITED
COMPANY LIMITED BY GUARANTEE
TRUSTEESI ANNUAL REPORT ONCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 31 DECEMBER 2023
The trustees, annual report was approved on 30 September 2024 and $i￿ed on beh&lf of the bo8rd of
trustees by:
A8512CC8IOEC421..
Mr l L Weil¢r
Trustee

Doc￿%￿gn EnhEbpe ID.. 69AE82BF-98304E2F-BF8D-D2C9EC1A38D2
CHALFORDS LIMrrED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHALFORDS
LIMITED
YEAR ENDED 31 DECEMBER 2023
OPINION
We have audited the financial slalemenls of Chalfords Limited (the 'charily') for the year ended
31 December 2023 which comprise ih¢ stateTnent of financial &cliviti¢s {including income and
expenditur¢ accouni), slalement of financial position. ststemenl of c&sh flows and the related noies.
including a summary of significant a¢wunting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards.
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Gener&lly Accepted A¢counting Practice).
In our opinion the financial statements..
give a true and fair view of the state of th¢ charity's affairs &$ at 31 December 2023 and of its
incoming resources and application of resources, including its income and ¢xpendilure, for the
year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.
have been prepared in aceordartce with the requirements of the Companie5 Act 2006.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Audiiing (UK) (ISAS (UK))
and applicable law. Our responsibilitie5 under those standards are further described in the auditor'$
responsibilities for the audit of the financial statements section of our report. We ar¢ independent of
the charity in a¢cordance with lh¢ ethic￿ requirements that are relevant to our audit of the finan¢iai
statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethicHI
reqpon5ibilities in accordance wilh these requirements. We believe that the audit evidence we have
obtained is suificient and appropriate lo provide a basis for our opinion.
CONCLUSIOLYS RELATING TO Goif4G CONCERN
In auditing the financial statements. we have concluded that the trust¢¢s' use of the going concern
basis of &c¢ounlin8 in the preparation of the financial statements is appropriate.
B&sed on the work we have perfomied. w¢ have not identifi¢d any material uncertainties relating lo
events or conditions that, individually or Collectively, may cast significant doubt on the charity's
ability to continue as a going concern for & period of at least fwelve month5 from when the financial
staleznenls are auihori5ed for issue.
Our r¢sponsibilities and the responsibilities of ihe IrLL8tees with respect to going concern are described
in the relevant sections of thi5 report.

DOCu￿9n Envelope ID.. 69AE82BF-gB3O4EaF-BF8￿O2c9EClA3BD2
COMPANY LIMITED B Y GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHALFORDS
LIMITED
YEAR EIYDED 31 DECEMBER 2023
OTHER INFORMATior4
The other information comprises the inforniation included in the ann￿ report. other than the financial
statements and our auditor's report Ihereon. The tTUStees are responsible for the other information. Our
opinion on the financial stal¢m¢nts does not cover th¢ other information and, except to the ex¢¢nl
otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
In conrfection with our audit of the financial statements. our responsibility is lo read the other
infomiation and, irt doing so, consider whether the other information is materially inconsisl¢nl with the
financial slalements or our knowledge obtained in the audit or otherwise appears lo be materially
misslaled. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial Statements or a malerial
misstatement of the other inforrnalion. If, based on the work we have performed, we conclude ihat
there is a material misstatement of this other information, w¢ Ore required lo report that fact.
We have nothing to report in this regard.
OPINIONS ON OTHER MAThERS PRESCHIIIED BY THE COMPANIES ACT 2006
In our opinion. based on the work undertaken in the course of the audit:
the information given in the trustees, report for th¢ financial year for which the financial
slatements are prepared is consislenl with the financial statements. and
the trustees, report been prepared in accordance with applicable legal requirements.
MATTERS ON WHICH WE ARE RF.QUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not idenlified material migstatements in the trustees, report.
We have nothing to report in respe¢l of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion:
adequate ￿countIng records have not been kept, or retums adequate foT our audit have not been
received from brgn¢hes not visiied by us; or
the financial statements are not in agreement with the ac¢ounling record5 and retums. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the infomiation and explanations we require for our audit. or
the trLLSt¢es were not enliiled to prepare the financial statements in accordance with the small
coiiipanies re8iiiie arid take advantuge of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.

Docuslgn En*bpe10.. 69AE82SF-983￿4E8F-BF8D-D2C9EclA3￿D2
CHALFORDS LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS OF CHALFORDS
LIMITED
YEAR ENDED 31 DECEMBER 2023
RESPONSIBILITIES OF TRUSTEES
As explained more fully An the trustees, responsibilities stalemenL the trustees (who are a]so the
direetors for th¢ purposes of company law) are responsible for the preparation of the financi
statements and for being satisfi¢d that they give a true and fair view, and for such internal COTrtrol as
the tTuslees deterniine is necessary to enable the preP￿&t10n of financial statements that are free from
material misstatement, whether due lo fraud or error.
In preparing the financial statementg. Ihe trustees are responsible for assessing the charity's ability to
onlinue &$ a going concern. disclos1T￿ as applicable, matters relaled lo going concern and using the
going concern basis of a¢¢ounting unless the trustees eith¢r intend lo liquidate the charity or to ceas¢
operations, or have no realisti¢ allemalive but to do so.
AUDITORIS RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from materia] misstalemenl. whether due lo fraud or error. and to issue an auditor'5 report that
includes our opinion. Reasonable ￿surance is a high level of assurance, bul is not 8 guarantee that art
audit conducted in a¢cordance with ISAS (UK} will always detecl a material misstatement when it
exists. Misstatements can arise from fraud or error and are conSide￿d material if. individually or in th¢
aggregate. they could reasonably be expected lo influence the economic decisions of users taken on
the basis of these financial sialemenls.
Irre8ularili¢s, including fraud, are inslan¢¢s of non-compliance wiih18W5 and regulations. We desi8n
pro¢edures in line with our responsibilities, outlined abov¢, lo dele¢l material misstatements in ￿5p¢ct
of irregularities. including fraud. The extent to which our pl￿edureS are capable of dele¢ting
irregularilies, including fraud is d¢tailed below:
We obtained 8n understanding of ihe legal 8nd Tegulalory frameworks that are appli¢able to the
company> Elnd determined that the most relevant lo the presentation of the financial s(atements
are (hose Ihat relate lo ihe reporting legislation (UK GAAP, the Companies Act 2006 and the
Charities SORP (FRS 102)}, the relevant regulations in the Uniled Kingdom, the Landlord
and Tenant Act, the UK General Data Protection Regulation (GDPR), Health & Safety
R¢gulations and the Bribery Act. We understood how the company is complying with those
frameworks through di5CU5sion with the trustees and senior management. and by identifying the
¢ompany's poli¢ies and procedures regarding compliance wilh laws and regulalions. We also
identified thos¢ members of management who have the primary responsibility for ensuring
compliance with laws and regulations, and for reporting any known instances of non-compliance
to ihe trustees. We communicated these identified frameworks amongst our audil team and
remained alert to any indications of non-compliance throughout the audit. We ensured that the
engagement team had sufficient competence and Capability to identify or recognise
non-compliance with laws and regulations.
We discussed with the trustees and senior management the policies and procedures regarding
compliance with these legMI and regulatory frameworks.
We &8ses5ed the susceptibility of the company's financial statements to material mis5tatem¢nt,
including how fraud might occur, by reviewing the eompany's identified risks and enquiry with
the Iru$tee5 and senior management during the plhnning and finalisation phases of our audit. The
susceptibility to such material misstatement was del¢rn)in¢d io be low.

DO￿j51￿￿ Envalopa ID.. 69AE$28F.983￿4EJF-9F6D-D2c9EC1A38D2
COMPANY LIMITED B Y GUARANTEE
INDEPEIYDENT AUDITOR'S REPORT TO THE MEMBERS OF CHALFORDS
LILIqITED (¢onWnM•d)
YEAR ENDED 31 DECEMBER 2023
Based on this understanding we designed our audit procedures to identify non-compliance with
the identified legal and regulatory frameworks. which were part of our procedures on the related
rinancial statement items. Our pri)cedur¢s included reviewing the company's intemal controls
policies and procedures, r¢viewing the minutes of board meetings and correspondence with
regulatory bodies including HMRC. iesling tremsactions outside the nom)al course of the
business and journal entrie5. and discussions with the trustees and senior management.
Owing lo the inherent limitations of an audit, there 15 an unavoidable risk that we may not have
detected some material misstatements in the finaneial statements, even though we have properly
planned and perfornied our audit in accordance with auditing standards. For example. the further
removed non-compliance with laws and regulations (iTregularities) is from the events and Iransaetions
reflected in the financial statements, the less likely the inherently limited procedures r¢quir¢d by
auditing standards would identify it. In addition. as with any audit. Ihere remained a higher risk of
non-detection of irregularities. as these may involve collusion. forgery. intentional omission5,
misrepresentalions. or the override of internal controls. We are not responsible for preventing
non-complia￿¢ and cannot be expected to deleci non-compli&nc¢ with all laws and regulations.
As part of an audit in accordance with ISAS (UK), we exercise professional judgrnent and maintain
professional scepticism throughout the audit. We also.,
Identify and assess the risks of material misstalemenl of the financial statements. whether due lo
fraud or error. desi8n and perforni audit procedures responsive lo those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error.
fraud may involve collusion, forgery* intentional omissions. misrepresentations, or the
override of inlernal control.
Obtain an understanding of internal ¢onlrol relevant to the audit in order to design audit
procedures that are appropriate in the circumslan¢es, but not for the purpose of expressing an
opinion on the effectiveness of il)e inlemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriatenes5 of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainly exists related io events
OT ¢ondilions that may cast significant doubt on the Charity's ability to conlirtue ￿ a going
concern. If w¢ wnclude that a materiAI uncertainty exi51s, we are required to draw Attention in
our auditor's report lo the related disclosures in the financial statements or. if such disclosures are
inadequate, to modify our opiniiTrn. Qur conclusions are based on the audit evidence obtained lip
to the date of our auditor's report. However. future events or conditions may cause the ¢harily lo
ease lo continue as a going concern.
Evaluate the overall presentation, structur¢ and ¢onlenl of the financial statements, including the
disclosures, and wheth¢r the financial statements represent the underlyin8 transactions and events
in a mAnner that achieves fair presentation.
io-

Docu8￿￿ En%*loFe ID.. 69AE82BF-98304E3F-8F8D￿2c9EClA3sTr2
CHALFORDS LIMITED
COMPANY LIMITED BY GUAIL4NTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHALFORDS
LIMITED
YEAR ENDED 31 DECEMBER 2023
We communicate with those charged wilh governance regardin& among other marters. the planned
scope and liming of the audit and significant audit findings. including any significant deficien¢i¢s in
internal control that we identify during our wdil.
USE OF OUR REPORT
This report is made solely to the charity's members. &8 a body> in accordance wilh Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has b¢en undertaken so that we might slate to the charity,
members those Tnatters we are required lo stat to them in an auditor's report And for no other purpose,
To the fvllest extent perniitted by l&w. we do not accept or assume responsibility to anyone other than
the charity and the charity's members as a body* for our audit worK for this report, or for the opinions
we have fomjed.
vetStbBERG FCA (Senlor Statutory Auditor)
For and on behalf of
Cohen Arnold
Chart¢r¢d accountants & Statutory Auditor
New Burlington House
1075 Trinchley Road
London
NWII OPU
30 September 2024
li

Do¢usign Env&lop8 ID: 69AE828F-98304E3F-BF80-D2C9EG1A38D2
COIIqPANY LIMITED B Y GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
(tNCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 DECEMBER 2023
2023
Unrestricted
funds Total fuDds Total funds
2022
N•te
Irteome and ¢ndowments
Donations and legaci¢s
Investment irKom¢
113.501
3.990.714
4.104,215
4.238,446
4,238,446
4.238.446
4.238.446
Total income
Expendlture
Expenditure on raising funds..
lllvestment management costs
Expenditure on charitable ￿tIvItieS
Total expendlture
7 (2,214.754) {2.214.754) (1,328,112)
&9 (1.387,550) (1.387.550) {5.443,336)
(3.602,304) (3,602.304) (6,771,448)
Net 8ains on investments
li
36.731
36,731
,215.890
Net Incomel(expendlture) and net movement In fund$
672,873
672,873 (1,451,343)
Reconclllatlon of funds
Total funds broughi forward
Total funds carrled fornvArd
62,919,037 62,919,037 64,370,380
63.591.910 63,591,910 62,919,037
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuin8 a¢livilies.
TILt ootes pigu 15 to 25 form PArt of thest flD4ncl•l $tl¢¢Tnemts,
12-

DoCu￿9n Envelope ID.. 8gAE82BF-gB304E3F4F8D-D2C9EC1A38D2
CHALFORDS LIMITED
COMPANY LIMITED BY GUAIL4NTEE
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023
2023
2022
No¢e
FIXED ASSETS
Tangible fixed assets
Investments
14
15
16,544
22,059
79,693.979 79,236,186
79,710.523 79,258,245
CURRENT ASSETS
Debtors
InvestTnenls
C￿h at bank and in hand
16 1,394,165
17 1,058.844
36,786
1.433.093
1,066.715
24.763
2.489.795
2,524,571
CREDITORS: amoun¢8 falllDg due wl¢blD one
y￿r
ET CURRENT ASSETS
18
(158.408)
(113.779)
2.331,387
2,410.792
82,041,910 81,669,037
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS: amounts f#llln8 due after more
¢hAn Dne yeAr
NET ASSETS
19
(18,450,000) (18,750,000}
63.591,910 62.919,037
FUNDS OF THE CHARITY
Unrestricted funds
63,591.910 62,919,037
63,591,910 62,919,037
Total charlty funds
20
These financial statements have been prepared in &ccordan¢e wlth the provisions appliGable lo
ompanies subject to the small companies, regime.
These fi[￿1¢1a] statements were approved by the board of tn￿1¢¢5 and authorised for issue on 30
S¢ptember 2024. and are signed on behalf of the board by,.
AB$12CCBIOEC&3J..
Mr I L Weller
Thistee
The notes on p*g45 15 to 25 forffl p¥rt of thest IIDRncial statements.

Docu￿9n Envebpe ID.. 69AE82BF-9B3(k4E3F-8F8fk02C9EC1A38D2
COMPANY LIMITED BY GUARANTEE
STATEMENT OF CASH FLOWS
YEAR ENDED 31 DECEMBER 2023
2023
2022
CASH FLOWS FROM OPERATING AcfiviTIES
Net income/(expendiLure)
AdJ￿rmentsIor.'
Depreciation of tangible fixed &8sets
Net gains on inveslments
Dividends, interest and rents from investments
Other inlerest receivable and similar income
li]￿re￿I Pdyuble and similar charges
Accrued expense5
Changes In..
Other o￿TatIng cash flow changes
C&8h generated from operations
Inter¢sl rcccivcd
672,873 (1.451.343)
5.515
7,353
(36,731) (1.428.837)
(4,200,593) (2,998,279)
(37,853)
984,101
6,767
543.574
4.090.￿0
(2,605,921) (1.237.532)
37.853
(847)
(2,568,068) (1.238,379)
Net cash used in operating Activilies
CASH FLOWS FROM INVESTING ACTlVtTJES
Dividends, interest and ren15 from investments
Acquisition of subsidiaries
Proceeds from sale of subsidiaries
Purchases of oiher investmen15
Proceeds from sde of other inv¢stments
Change in trade and other debtOTS
Change in trade and other Creditors
Nel cash froml{used in) investing activitie5
4,200,593
2,999.126
(i)
(2.449)
(294)
(466,620) (5,626.726)
55,878
255.617
58,141
(547,027)
18,649
(116.028)
3.864.192 (3,035.333)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings
Interest paid
Net cash (used in)Ifrom financing activities
(300,000) 4,750,000
(984,101) (543,574)
(1.284,101) 4,206,426
NET INCREASEI(DECREASE) EN CASH AND CASH
EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEflNNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR
12,023
24,763
36,786
(67,286)
92,049
24,763
Tht notes on p#8es IS to 2S form part ofthese Iln*nti*l trt*témettt&
14-

Docus￿￿ Envebp8 ID.. 69AE828F-9B304E3F-BF8D-D2C9EC1A38D2
CHALFORDS LIMrrED
COMPANY LIMITED B Y GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
GENERAL INFORMATION
Th¢ charity is a public knefil entity and a private company limited by guarantee. registered in
England and Wales and a registered charity in England and Wales. The address of th¢ registered
office is New Burlington House, 1075 Finchley Road. London, NWI I OPU.
STATEMENT OF COMPLIANCE
These financia] ￿ateMentS have been prepared in compliance with FRS 102, 'The Finan¢ial
Reporting Standard applicable in the UK and th¢ Republic of Irel8nd', the Statement of
Recommended Pra¢tic¢ applicable to charities prepaTing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) Bulletin l and th¢ Charities Aci 2011.
ACCOUNTING POLICIES
Bos18 of prepar8tlon
The financial statements have been prepared on the historical cogt basis. as modified by the
revaluation of certain fingncial ￿5¢1S and liabilities and investm¢nt properties measured al fair
value through income or expenditure.
The financial slat¢ments are pr¢pared in sterling* which is the functional Currency of the entity.
Going eoncern
There are no material uncertainties about the charity's abllity to ¢ontinue.
Consolldatlott
The charity is not required to prepare consolidated accounts in accordance with the Charities A¢t
2011, and h&s taken advantage of ihe option not lo prepare consolidaled financial statements
ntained in Section 398 of the Compani¢s Act 2006 on the basis that the charity and ils
subsidiary und¢rtakings comprise a small group.
Judgements and key sources ofestlmatlon UD¢¢rt*lnty
The preparation of financial slalements requires management lo make judgements, estimates and
&8sumplions that affect the amounts reported. These estimates and judgements are continually
reviewed and are based on experience and other fa¢tors, including expectations of future evenis
that are believed io be reasonable under ihe circum5tsnces.
Judgements made by the directors in the application of these accounting policies that have
significant effect on the financial $10tement5 and estimates with a significant risk of material
adjustment in the next year are as follows:
(i) Property valuation
The valuation of the cliarity's inve51menl property is inherently subjeclive, dependlng on many
factors including the nature of the property. its locaiion and expected future net renial values,
market yields and comparable market transaction5. Therefor¢, the valuation is subject to a degree
of uncertainty and is made on the basis of assumptions which may not prove to be accurate,
particularly in periods of difficult market or economic eondilions.
Is-

DO￿￿9n Env91ope ID.. 69AE82BF-gB304E3F-BF8￿D2CSEClA3BD2
&LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS fcoAilwdJ
YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES (cottthrierf)
Judgements key sources of estimation uneertalnty fconrfttAe
(li) Trade and other de￿OrS
Management uses d¢tails of the oge of trade and other debtors and the Stat￿ of any disputes
together with externa] eviden¢e of the credil status of the counterparty in making judgements
con¢eming any need to impair the carrying value.
Taxatlo
The charity 15 not liable to Current tax on its income as it falls within the various exemptions
available lo registered charlties. Accordingly, the charity does not recognise any defetTed t&Y
liability on properly revaluations as il will apply all funds for qualifying charitable purposes and
be eligible for lax exemptions available lo regist¢r¢d charilies.
Fund aeeountlng
Unrestricied funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds &re unrestricted funds earmarked by the trustees for particular fviure project or
commiiment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the temis of an appeal. and fall into one of two sub-classes.. restricied income funds or
endowment funds.
IneomlDi resources
All income is included in the statement of financial ￿tIVitIeS when entitlement has p&ssed to the
eharityb Il is probable that the economic benefits associated with the transaction will flow lo th¢
charity and the amount can be reliably measured.
Income from donations or grants is recognised when there is evidence of entitlement to th¢ gift,
re¢eipl is probable and its amount can be measured reliably.
Resourees expended
Expenditure is recognised on art accrua15 b￿15 as a liability is incurred. Expenditur¢ includes any
VAT which cannot be fully recovered, and is classified under head]rt￿ of th¢ stalemenl of
financial actiyities to which it relates..
Expenditure on raising funds includes th¢ costs of all fundrdising activilies, events.
non-charilable trading activilies, alid tli¢ sale ofdtsnal¥d goi)ds.
Expenditure on charitable activities includes all costs incutTed by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, in¢luding those
support Costs and costs relating to the governance of the charlty apportion¢d lo charitable
activities.
Other expenditure includes all expenditure that is neither related to raising funds for the charity
nor part of ils ex￿ndI￿re on ch￿1t￿bLe activities.
16-

I)ocuslgn Envelop8 ID.. 69￿E82BF-9B3￿EsF.8F8D￿2c9EC1Aa8￿2
CHALFORDS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Resources expended (co￿1￿#¢￿)
All costs are allocated to expendilure categories rellecting the we of the resource. Direct ¢osts
attributable to a single activity are allocated direcily to that activity. Shared costs are apportioned
between the activities they contribute to on & r¢&sonable> justifiable and consistent b￿ls.
Grants payable
Grants payable are charged to the slalem¢nt of financial activities once the charity has made a
ommilmenl to pay the grant and this has b¢¢n communicated to the benefi¢iary or ihe grant has
been paid, whichever is earlier,
Governanee Costs
Govemanee Costs include the cost of the preparation and audit of the financial statem¢nts and the
cost of any legal advice to the Irusttts on governanc¢ or Conslitulional matters.
Tallglble Assets
Fixed assets are staled Al cosl1¢55 accumulated depreciation.
Depretiallon
Deprecialion 15 calculated 50 w lo write off the cost or valuation of an assei, less ils i¢sidual
value. over the useful economic life of that asset as follows..
Fixtures and fittings
25VD reducing balance
Equipment
25D/• redu¢ing balance
Invejlments
Unlisl¢d equity investments are initially recorded at cost, and subsequ¢ntly musured al fair
value. If fair value cannot be reliably measured, assets are measured at C051 less impaitinenl.
Listed investments are measured at fair value wilh chan8e5 in fair valu¢ being recugnised in
inwme or expenditwe.
Investment property
Investment property is initially recorded at C05t, which includes purchase price And any dIre￿lY
attributable expenditure.
Investment property is revalued lo its fair value at each reporting date and any changes in fair
value are recogni5¢d in income or expenditure.
No deprecialion is provided in respect of investment properties applying the fair v￿ue model.
AcqulsltloDS and d15P054ls of properti
Acquisitions and disposals of propertie5 Are considered to take pla¢¢ at the dat¢ of legal
mpletion and are included in the financial statements accordingly.
17-

Docusbn En5*k)￿l0., e9AE82BF-gB304E3F-8F8f>D2CgEC1A38D2
COMPANY LIMITED B Y GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS fco*th4¢rf)
YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES (euA&A4tffj
Flnanelal Instruments
A firtanctal asset or a financi￿ liability is recognised only when the charity becomes a party lo
the contractual provisions of the instrument.
B¥si¢ financial insirumenis are initially recognised at the amount r¢c¢ivabl¢ or payable including
any related transa¢lion costs.
Current assets and Current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Debt insiruments are subsequently measured al amortised ¢osl.
whe￿ inveslmetils in shares ore publicly traded or their fair value can otherwise be measured
reliably* the investment is subsequently m¢asured at fair value with changes in fair value
recognised in in¢ome atKI expenditure. All other 5uoh investments are subsequently measured al
cost less impairment.
Other financial in5trumenis, including derivatives. are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business lemis or financed al a rale of interest
thal is not 8 market rate, in which case the ￿Se1 is measured al the present value of the fthure
payments discounted at a markei rate of interest for a similar debi instrument.
Other financial instruments are subsequently measured al fair value, with any ¢hanges reco8nised
in the statsmenl or rinancial acliyitieg. Wlth th¢ exception of hedging instrnments in a designated
hedging relationship.
Fin&neial assets that are measured al cost or amortised cost are reviewed for objeetive evidence
of impairment at the end of ea¢h reporting date. If there is objective evidence of impairnient, an
impairment 105s is recognised under ihe appropriate heading in the statement of finanGia]
activilies in which the initial gain was reeognised.
ror all equity instruii)ei)ts regdrdless vf significance, and other financial assets that are
individually significant, these are asse5s¢d individually for impaimient. Other financivll assets are
either &85essed individually or grouped on the basis of similar credit risk characteristics,
Any reversals of impairnient are recognised immediately> to the exlenl that the reversal does not
result in a carrying amount of the financial asset that exceeds whal the ¢arrying amount would
have been had the impairment not previously been r¢¢ognised.
LIMITED BY GUARANTEE
Chalfords Limited is a company limited by guardntee govemed by it5 Memorandum and Articles
of Associatioll. The liability of each member in ihe event of winding up is limited lo £1.
DONATIONS AND LEGACIES
Unrestrict¢d Total Funds Unr¢slricted Totai Funds
Funds
2023
Funds
2022
Dof4ATIONS
Donations received
113,501
113,501
18-

DOc￿519n Enveknpe10.. 69AE82BF-9B5NE3F-BFB￿D2c9EClA3eD2
CHALFORDS LIMITED
COMPANY LIMrrED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (coHrlnMe4J
YEAR ENDED 31 DECEMBER 2023
INVESTMENT INCOME
Unrestricted Total Fun(ts Unrestricted Total Funds
Funds
2023
Funds
2022
Income frorn investment properties
Income from other investments
Interest receivable
3,902.259
298,334
37.853
4,238.446
3,902.259
298.334
37,853
4,238.446
3.458,946
470.651
61,117
3.990,714
3.458,946
470,651
61.117
3,990.714
INVESTMENT MANAGEMENT COSTS
Unreslricted TotAI Funds Unrestricted Total Funds
Funds
2023
Fund5
2022
Repairs & maintenance
Management & letting fees
Mortgage interest and finan¢e costs
Other investment mana8emenl costs
300,291
505,858
984,101
424.504
2,214.754
300.291
505,858
984,101
424,504
2,214.754
204.443
344.038
543,574
236,057
1,328.112
204.443
344.038
543.574
236.057
1.328.111
DONATIONS PAID
Unrestricted Tot41 Funds Unrestricted Total Fundy
Funds
2023
Funds
2022
Donations paid
Support costs
1,324,533
63,017
1,387,550
1,324,533
63.017
5,284.692
158,644
5.443,336
5,284,692
158,644
5,443.336
1.387,550
19-

Docusign Envelop8 ID." 69AE82BF-gB304E3F-BF8D-D2C9EC1A38D2
oRD￿mET.E
COMPAIYY LIMITED BY GUARAwfEE
NOTES TO THE FINANCIAL STATEMENTS (Co￿l￿￿trO
YEAR ENDED 31 DECEMBER 2023
DONATIONS PAID
Grant fundin8
of activities Support costs
Total fund8
2023
Total fund
2022
Donations paid
Govemance costs
1.324.533
24,879
38,138
63,017
,349,412
38,138
1,387.550
5.357.015
86.321
1.324,533
5,443,336
Included in donations paid are grants made lo the following inslilutions:
LPW Limited
JNF Charitable Trust
Chasdei Dov Tru51
Lehachzikom UK
Vishnitz Girls School Limited
North London Welfare
Shwei Orah
Th¢ Rehabilitation Trusi
Yesamaeh L¢vav
Achisomoch Aid Company
Community Concern London
Less than £30,000
206.401
200,000
86,000
73,000
72,000
58.000
50,000
so.000
48,000
42,860
32,500
405.772
TotAI
1.324.533
AnAlysL4 of Grants to Instltlltlons:
Advancement of the Jewish Reli8ion
Advancement of Education
Relief of Poverty
Orants lo other grant making charities
Other general charilable purpos
Total
358.891
159.330
94.610
144,460
567,242
1,324,533
10. ANALYSIS OF SUPPORT COSTS
Donations
paid Total 2023 Toial 2022
General office
Govemance costs
24,879
38,138
63,017
24,879
38.138
72,322
86,321
158,643
63.017
-20-

r*Jcus*n En¥elope ID.. 69AE82BF-9B3￿E3F-BF8￿)2G9EC1A3aD2
CHALFORDS LIMITED
COMPANY LIMITED B Y GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (c•￿1￿￿¢d}
YEAR ENDED 31 DECEMBER 2023
11. NET GAINS ON INVESTMENTS
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Gainsl{losses) on of investment
property
Gains/{losses) on investments in group
undertakings
Gainsl(losses) on other investm¢ni
sgets
1,250.000
1,250.(K)O
(2,449)
(2.449)
(294)
(294)
39.180
39.180
36,731
(33,816)
,215,890
(33.816)
1,215.890
36,731
12. NET INCOMEI(EXPENDITURE)
Nel in¢omel(expenditur¢) 15 Stated after Chargin￿{Crediting),
2023
2022
Depreciation of tangible fixed assets
Fees payable for the audit of the financial ￿&teMentS
5.515
29,200
7.353
26.766
13. TRUSTEE REMUNERA TION AND EXPENSES
The charily has no stsff other Ihart the trustees all of whom give freely of their time and ¢xpertise
without any fomi of remuner81ion or other benefit in cash or kind (2022.. £nil).
The charity did nol meet any expenses incurred by the trustees for service5 provided lo th¢
charity (2022.. £nil).
14. TANGIBLE FIXED ASSETS
Fixtures and
ritiin8S
Equipment
Totsl
Cost
At l January 2023 and 31 December 2023
D¢preclation
At l January 2023
Charge for the year
At 31 Deeember 2023
305.817
25,(K)9
330,826
284,702
5,279
289,981
24,065
236
308,767
5.515
314,282
24,301
Carrylng amount
At 31 December 2023
15.836
21,115
708
16.544
At 31 December 2022
944
22,059
-21-

tkXu￿gn Envelopo ID.. 89AE82BF4B3(k4E3F-8F8tkD2C9EC1A3802
CHALF0P￿I&LI￿[TE
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
I& INVESTMENTS
Shares in
Investment
group
Other
properties undertskings investments
Total
Cost or VAluation
At l January 2023
Additions
Fair value movements
74.392.301
466.620
2,536
4.841.348 79.236.185
466,620
(6.377)
(8,826)
4,834.971 79,693,979
(2,449)
87
At 31 December 2023
74.858.921
Carrying amount
At 31 December 2023
74,858,921
74,392,301
87 4.834,971 79,693.979
2.536
4,841.348 79,236,185
At 31 De¢ember 2022
All invesknents shown above are held at valuation.
Investment propertles
The investments are slated at the irustee's valuation at 31 December2023. Professiona]
valuations of most of the company's properties were carried out by Fisher Geman, independent
Rtcs registered surveyors. in July 2024. In considering open mark¢t values of these properties.
the truslces have had regBJd lo the market conditions prevailing at the balance she¢1 dale and
other related mallers such ￿ rental yields, status o( the tenants and location, type and tenure of
each property and comparable market tr￿sactions.
The historical cost of th¢ Company's investment properties At 31 Decemb¢r 2023 is £31,285.038
(2022.. £29,876,458).
The fair value at 31 December 2023 of the investment in the subsidiary undertakin8 is based on
the underlying value of its &55ets less 115 liabilities.
The company owns IOOO/o of a subsidiary undertaking, Newray (London) Limited, a company
incorporated in England and W&les. Newray (London) reported net expenditure of £2.449 and net
&%sets of £86 for Ihe year ended 31 December 2023. The resulis of Newray {London) Limited
have not been consolidated into the acwunls of Chalfords Limited as they are deemed to be
immaterial.
The company owns IOOVO of a subgidiary undertaking. Chan¢ery MK9 Limited. a Company
inc()rporated in Englgnd and Wale5. Ay ai 31 December 2023 Chancery MK9 Limited was
dormant and had £1 share capital. The results of Chancery MK9 Limited have not been
consolidated into the accounts of Chalfords Limited as they are deem¢d to b¢ immateria].
22-

DtyyJ&lgn En¥ebpe ID.. 69AE828F-9B3O4E3F4F8D-D2C9EC1A38D2
CHALFORDS LIM￿ED
COMPANY LIMITED B Y GUAIL4NTEE
P40TES TO THE FINANCIAL STATEMENTS f¢ortth¥¢
YEAR ENDED 31 DECEMBER 2023
16. DEBTOILS
2023
2022
Trade debtor3
Amounts owed by group undertakings
Prepayments and accrued inwme
her debtors
377,054
3,100
46,138
967,873
363,597
26,925
1.042,571
1.433,093
1.394,165
17. INVESTMENTS
2023
2022
Unlisi¢d investments
1,058,844
1.058,844
1.066.715
1,066.715
Flnan¢l41 Assets beld at falr value
Unlisted inveslments are valued at the trustee's valuation, b&5¢d on their nel assel Yalue.
18. CREDITORS: Amounts falllng due wltblrt one year
2023
2022
Trade creditors
Accruals and defetTed income
Other creditors
13,101
48.848
96.459
158,408
25,508
22,868
65,403
113,779
19. CREDITORS: amounts falling due after more than One yegr
2023
2022
Bank Ii)ans and overdrafis
18,450.000 18,750,000
The bank loans are secured over certain of the investment properties of the charity.
23-

OryJJBlgn Envelop¢ ID.. 69AE326F-99304E2F-BF8D-D2C9EC1A3802
ALFORDSLIMIT.K
CO]hlPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (contrmrtdj
YEAR ENDED 31 DECEMBER 2023
20. ANALYSIS OF CHARITABLE FUNDS
Unr¢stri¢ted funds
At
Gains and 31 December
losses
2023
At l January
2023
Income Expenditure
General fvnds
62.919.037
4,238,446 (3,602.304)
36,731 63,591,910
Al
Gains and 31 Dec¢mb¢r
losses
2022
At l January
2022
Income Expenditure
General funds
64,370,380
4,104.215 (6,771.448) 1,215,890 62,919,037
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unreslricted Totsl Funds
Funds
2023
Tangible fixed &8sets
Investments
Current &8sets
Creditors less than l year
Creditors wealer ihan l year
Net assets
16,544
16.544
79,693,979 79,693,979
2,489,795
2,489,795
(158,408) (158.408)
(18,450.000) (18.450.000)
63,591,910 63,591,910
Unreslricted Total Funds
Funds
2022
Tangible fixed assets
Investments
Current &8sets
c￿ditOrS less than l year
Creditors greater than l year
Net assets
22,059
22,059
79.236,186 79,236,186
2,524,571
2,524,571
(113,779) (113,779)
{18.750.000) (18.750.000)
62,919,037 61919,037
22. FINANCIAL INSTRUMENTS
The caryying amount for each category of financial instrument is as follows..
2023
2022
Finaneigl Assets measured at f#lr value through income 8nd expendlture
Financial &8sets me&4ured at fair value through income and
expenditure
5,892,815
5,908,064
24-

DD¢U￿9n Envelcye ID.. 69AE82BF-9B304E3F-BF8D-D2CgEC1A36D2
CE￿LFORDs LIMITED
COMPANY LIMITED BY GUARANTEE
NOTKS TO THE FINANCIAL STATEMENTS (e•fvilKw
YEAR ENDED 31 DECEMBER 2023
22. FINANCIAL INSTRUMENTS {coMtlmMerf)
2023
2022
Financlfil assets tbat thre debt InstrumeDts measured at imorti8¢d ¢ost
Financi￿ assets that are debt instruments measured at amortised
cost
1.399.12l
2.293,988
Flnancigl Ilabllltle9 measured at Amortlsed cost
Finan¢ial liabilities measur¢d at amortis¢d cosi
18,608,071 18,860,717
23. ANALYSIS OF CHANGES IN NET DEBT
At
At l Jan 2023 Cash flows 31 Dee 2023
Cash al bank and in hand
Debt due after one year
Current ass¢t investments
24.763
(18.750.000)
1,066.715
(17.658.522)
12.023
36.786
300.000 (18,450.QOO)
(7,871) 1,058.844
304.152 (17.354,370)
24. RELATED PARTIES
There were no related party transactions during the yeAr that require disclosure.
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