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2022-03-31-accounts

				Page
Reference	and Administrative Details ofthe Charity,		its Trustees and Advisers
Trustees'	Report			2-5
Independent Auditors'		Report on the Financial Statements		6-9
Statement	of Financial	Activities		10
Statement	of Financial	Position
Statement	ofCash Flows			12
Notes to the Financial		Statements		13-24

Trustees		Dr Leonard S Polonsky CBE	Dr Leonard S Polonsky CBE
		Dr Georgette Bennett
		Mare A L Polonsky
		Hannah Polonsky	Whitney
		Joshua-Mare Tanenbaum
Charity registered
number		291143
Principal office		8 Park Crescent
		London
		W1B 1PG
Independent	auditors	Nyman Libson Paul LLP
		Chartered Accountants
		Statutory Auditors
		124 Finchley Road
		London
		NW3 5JS
Bankers		Lloyds Bank Plc
		39Threadneedle	Street
		London
		EC2R 8AU

						Unrestricted	Total	Total
						funds	funds	funds
						2022	2022	2021
					Note
Income from:
Investments						420,276	420,276	399,844
Other income						4,423	4,423
Total income						424,699	424,699	399,844
Expenditure on:
Charitable activities						493,148	493,148	2,103,941
Other expenditure								45,909
Total expenditure						493,148	493,148	2,149,850
Net expenditure	before net (losses)/gains			on
investments						(68,449)	(68,449)	(1,750,006)
Net (losses)/gains		on investments				(1,298,287)	(1,298,287)	2,548,198
Net movement in		funds				(1,366,736)	(1,366,736)	798,192
Reconciliation of		funds:
Total funds brought			forward			15,998,859	15,998,859	15,200,667
Net movement in	funds					(1,366,736)	(1,366,736)	798,192
Total funds carried			forward			14,632,123	14,632,123	15,998,859

					2022	2021
Cash flows from operating		activities
Net cash	used in operating	activities			(488,838)	(1,707,128)
Cash flows from investing		activities
Dividends	and interest				420,276	399,844
Proceeds	from sale of investments					1,340,583
Net cash	provided by investing activities				420,276	1,740,427
Change	in cash and cash	equivalents	in	the year	(68,562)	33,299
Cash and	cash equivalents	at the beginning		ofthe year	301,533	268,234
Cash and cash equivalents		at the end	of	the year	232,971	301,533

		Unrestricted	Total
		funds	funds
		2022	2022
			E
Dividends	received	420,276	420,276
		Unrestricted	Total
		funds	funds
		2021	2021
		E	E
Interest received		19,471	19,471
Dividends	received	380,373	380,373
		399,844	399,844

Unrestricted	Total	Total
funds	funds	funds
2022	2022	2021
E		E
4,423	4,423

			Grants to	Total
			Institutions	funds
			2022	2022
				E
Grants	to	institutions	415,365	415,365
			Grants to	Total
			Institutions	funds
			2021	2021
			E
Grants	to	institutions	2,028,430	2,028,430

Analysis ofgrants (cont	inued	)
			2022	2021
			E	F
Name of institution
University of Oxford			91,212	298,056
University of Cambridge			84,462	173,382
Aspen Music Festival and	School		51,072
Consortium of European	Research		34,762	7,593
Classics for All			27,000	33,000
SCTY			18,000
Pushkin House Trust			17,200	21,500
Foundation for Jewish Heritage			14,500
Old Vic Trust			5,000	45,000
UCL Development Fund			5,000	15,000
Stephen Spender			2,500	12,500
Van Leer Institute			2,183	550,486
Friends of Bezalel Academy ofArts				399,203
HUJI - The Hebrew University		ofJerusalem		90,222
Royal College of Music				70,000
The Rhodes Trust				50,000
Am-Is Cultural Foundation				40, 122
Theatre for a New Audience				36,654
Royal National Theatre				35,000
Oxford Centre for Jewish	and Hebrew Studies			28,015
			352,891	1,905,733
Other grants to institutions			62,474	122,697
			415,365	2,028,430

Foreign	exchange	losses
			Unrestricted	Total
			funds	funds
			2021	2021
Foreign	exchange	losses	45,909	45,909

		Grant
		funding of	Support	Total
		activities	costs	funds
		2022	2022	2022
Charitable	activities	415,365	77,783	493,148
		Grant
		funding of	Support	Total
		activities	costs	funds
		2021	2021f	2021
Charitable	activities	2,028,430	75,511	2,103,941

		Charitable	Total
		activities	funds
		2022	2022
		E
Staff salaries	and pension costs	47,873	47,873
Auditors' remuneration		4,530	4,530
Accountancy	fees	9,756	9,756
Bank charges		1,329	1,329
Secretarial fees		11,244	11,244
General oNce expenses		1,323	1,323
Consultancy	fees	1,728	1,728
		77,783	77,783
		Charitable	Total
		Activities	funds
		2021	2021
			E
Staff salaries	and pension costs	47,161	47,161
Auditors' remuneration		4,410	4,410
Accountancy	fees	8,856	8,856
Bank charges		1,710	1,710
Secretarial fees		9,754	9,754
General office expenses		1,271	1,271
Consultancy	fees	2,323	2,323
Travel expenses		26	26
		75,511	75,511

Auditors' remuneration
			2022	2021
Fees payable to the charity's accounts	auditor for the audit ofthe charity's	annual	4,530	4,410

Staff costs
				2022	2021
				E	F
Wages and	salaries			45,750	45,000
Social security costs				960	998
Contribution	to defined	contribution	pension schemes	1,163	1,163
				47,873	47,161

2022	2021
No.	No.

	Listed
	investments
Cost or valuation
At 1 April 2021	15,549,025
Revaluations	(1,298,287)
At 31 March 2022	14,250,738
Net book value
At 31 March 2022	14,250,738
At 31 March 2021	15,549,025

	2022	2021
	E	E
Due within one year
Other debtors	153,859	153,859

			2022	2021
Other taxation	and social security		119	119
Other creditors			226	339
Accruals and deferred		income	5,100	5,100
			5,445	5,558

Stateme	nt o	ffunds - curren	t year
							Balance at
			Balance at 1			Gains/	31 March
			April 2021	Income	Expenditure	(Losses)	2022
			F		E	F
Unrestricted		funds
General	Funds - all funds		15,998,859	424,699	(493,148)	(1,298,287)	14,632,123

Stateme	nt o	ffunds - prior	year
							Balance at
			Balance at			Gains/	31 March
			1 April 2020	Income	Expenditure	(Losses)	2021
				E		E
Unrestricted		funds
General	Funds - all funds		15,200,667	399,844	(2,149,850)	2,548,198	15,998,859

										2022	2021
											F
	Net income/expenditure for		the	year	(as	per	Statement	of	Financial
	Activities)									(1,366,736)	798,192
	Adjustments for:
	Losses/(gains) on investments									1,298,287	(2,553,827)
	Dividends and interest									(420,276)	(399,844)
	Loss on the sale offixed asset investments										(5,629)
	Decrease in debtors										456,169
	Decrease in creditors									(113)	(2,189)
	Net cash used in operating		activities							(488,838)	(1,707,128)
17.	Analysis ofcash and	cash equivalents
										2022	2021
											f.
	Cash at bank									232,971	301,533
	Total cash and cash	equivalents								232,971	301,533
18.	Analysis ofchanges	in net debt

						At 1 April		At 31 March
						2021	Cash flows	2022
								F
Cash	at	bank	and	in	hand	301,533	(68,562)	232,971