2023-03-31-accounts

COMPANY REGISTRATION NUMBER: 1939694

CHARITY REGISTRATION NUMBER: 294229

Wiseheights Limited

Company Limited by Guarantee Financial Statements

31 March 2023

COHEN ARNOLD

Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London NW11 0PU

Wiseheights Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the director's r¢port) Independent auditor's reEX)rt to the members Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 14 Is 16 Notes to the financial ststements 17

Wiseheights Limited Company Limited by Guarantee Trust￿, Annu81 Report Oncorporating the Director's Report) Year ended 31 March 2023 The trustees, who are also the directors for the purposes of company law. pr¢s¢nt their report and the financial statements of the Charity for th¢ year ¢nded 31 March 2023. Reference and administrative details Registered charity nome Charity reg￿tration number Company reglstratlon number 1939694 Prlncipal 0￿1¢¢ 8nd regist¢red New Burlington House o￿llee 1075 Finchley Road London NWII OPU Wiseheights Limited 294229 The trustees Mr A Klein Mr J Sternli¢ht Mr G Berger Cohen Arnold Chartered accountants & stslutory auditor New Burlington House 1075 Fin¢hl¢y Road London NWII OPU Auditor B4nkers Barclays Bank PIC Leicester LE87 2BB Solicltors Hamlins LLP 273-287 Regent Street London WIB 2AD

Wiseheights Limited Company Limited by Guarantee Trustees, AnnuAI Report IIncorporating the Director's Rcport) (¢owd•w¢4J Y¢ar ended 31 Mar¢b 2023 Strueturey goverDance and mallagement Governlng DocumeDt Wiseheights Limited is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 15th August 1985. Strueture The charity holds som¢ of its properties through nominee companies, namely Casileview Properties Limited, Trinity Estates Limited. Trinity Estai¢s 2 Limited and Brackley Eslates Limited. These mpanies, which are Inco￿orated in England and Wale5, hold the legal title lo properties on trust for the beneficial owner Wiseheight5 Limited. These companies file dormant company accounts as all their assets, liabilities, income and expenses are included in the charity's accounts. Jn addition. th¢ charity holds the entire issued share capital of two dormBnt nominee companies, Prospe¢1 Prop¢nies Limited and Newbank Limited, both of which are incorporated in England and Wales. Appointment, Tr41nlng and Recrultment of Trustees A5 set out in the Article5 of Associatio￿ the members of the charity shall not exceed twenty five. There are two classes of members '. Ordinary Members membership. Honorary Members- persons the Council may Admit from time lo time with written consent. No person shall be admitted to th¢ membership of the Company us an ordinary member unless: he has 5igyned and sent to ihc Secretary an application for admission fra]ned in such terms as Ih¢ Council shall from ti2n¢ lo time prescribe. and he has been elected to the membership by the Council. All Cu￿ent Iruslees are ordinary m¢mb¢rs and no honorary members have been appointed. The organisalion is run by governors who are the trustees. Every 8overnorltrusiee holds oftice until helshe shlllS die or shall cease to hold office by virtue of Article 48 of the Arti¢l¢s of Associalion. li is not currently the intention of ihe trustees of the Charity to appoint new trustees. Should the situation change in the futur¢. th¢ Iruslees will apply suitable recruitment and training procedures. Employees, Staff and Tru8tee8 RemUnC￿tion All trustees give their lime voluntarily and no benefit or expenses were paid to thein durin8 the year. The charity has no employees except for the three Trustees. Non¢ of th¢ governorsltrusiees have any beneficial interest in the company. Orggnisotlon Unles5 and until otherwis¢ det¢rmined by the charity> the board of trustees (Council) shall consist of not le55 than two and not more than ten governors/trustees. The council appoints from Atnong its member5 a Chairman and a Vi¢e-ChairmAn and, in the event that any vacancy arises, the Council shall &$ soon as practicable fill the vacancy. Three ordinary members present in person shall form a quornm at a general meeting. subscribers and all persons subsequently admitted by the Council lo

Wiseheigbts Limited Company Limited by Guarantee Trustees, Annual Report OncorporatiDg the Director's Report) (C#￿#￿e YeY4r ended 31 March 2023 Strne￿re? governance and mangemeDt(c• Risk maDagemeDt The trustees have identified and reviewed the major risks to which the charity is exposed. in parti¢ular those related to the operations and fu)ance of the clwity. and are satisfied that Systems are in place to mitigate those risks. Financial risk management and w>lides The charity holds or issue5 f￿anCIaL I￿￿tru[llents in order to achieve three ttLain objectives being.. a) to finanee lis operations b) lo manage its exposure to interest and currency risks arising from operations and from its sour¢es of finance. and c) to generate fvnds. In athlition Vario￿ financial I￿StruMents (e.& debtOTS. creditOTS. prepayments and accruals) arise directly from the charity's opeTatiom. Credit Risk Th¢ ¢harity monitors credii risk closely and considers that its current policies of credit risk checks meets its objectiv¢s of managing exposure to credit risk. The charity has no significant concentrations of credit risk. AinountS Shown in the balance sheet represenl the maximum anticipated credit risk exposure. 11 is recognised tI￿t systenL% can onIy provid¢ reasonable but not absolute assurance that major risks have been adequately managed. ObJe¢tives and 4ctiYilies Cbaritable ObJec¢s The objects of the chaTity are: - the adyancement of religion in accord8nce with Orthodox Jewish faith: - the relief of poverty. - other purpos&8 &s are recognised by English Law as cEwttable. Aims Objectives aetiyities The aim of the charity is to be self funding from the income from its investment ￿ets. namely the listed shares and supplementary income from functional properties. The charity does not engage in fund rdi5ing activitie& however welcomes donations from other charitie5 and organisatiorLS to fund its a¢tivilies. The aim of the charity (both short terni and long temi) is grant maknng to meet its primary objectiv&8 as set out above. The charity makes grants to other charitie5, thili5ing reseryes in lean tim¢& and success is me&sured by the quantum of grants it mak¢s in a year.

Wiseheights Limited Company Limited by Guarant¢¢ Trustees, Annual Report (IncorporatiDg the Dir¢¢tor's Report) (U#ll￿e&) Year ended 31 Mydrch 2023 Objettlves and #ctlvltles Public Beuefi¢ The trustees ¢onfirm that they have referred to guideline5 contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future aclivities and setting Ihe grant making policies for th¢ year and complied with its duty to have du¢ regArd to the commission's public benefit guidance when exercising any powers or duiies to which the guidance is relevant. The grant making policy of the charity a5 Stated below helps the charity lo fulfill ils duly lo act for the public benefit in accordance with section 4 of the Charities Act 2006. Grgnt maklng pollcy This charity WOS ¢St8blished to support the activities of Jewish religious organisations, especially in the field of education and to provide philanthropic aid to the needy. Grants are mad¢ to eharitable institutions and organisaiions which conform to the objecrs of the charity after the trustees have satisfied themselves as lo the bona fides of the r¢cipienls. Donations are made to organisations providing J sound religious education in accordance with doctrines and principles of traditional Judaism and to institutions set up to provide aid lo the needy, with a view lo achieving the obj¢cts of the charily. Applications for grants are made in writing to the charity or in person lo the Trustees by voluntary and community organisations ￿ well as by individuals on behalf of impoverished individuals or by those said individuals themselves. All donations above £10,000 require approval of all of the Trustees and after making the necessury checks. proportional lo the level of funding involved, donations arc granted, Wiseheights Limiced regularly supports charirable organisalions and institLStions both in respect of revenue and Capital proje¢ts, Invcstmelll Powerj and Porform4nee Under Il)e Memorandum and Articles of Association, the charity has the power io make any investment which the irustees se¢ fit provided that funds Utilised are not immediately required for use in Coiinection with any of ils objects. The trustee5 regularly review th¢ charity's position and needs in r¢spect of the investment policy. Besides the charitable actLVitie5 carried out through choritable donations, the charity owns several nctional proprties, listed as tangible assets in the tinancial statem¢nts. The main site is used for the communal synagogue wilh various educational functions performed in other sites which the charity owns. Over the recent prior years, the charity has purchased lurther properties with the inteniion of functional usage as well 85 to allow for spare capacity should the need arise. While the charitys immediate usage of these building is not required, they are rented out in order to increase the charitys revenue. Strategic report The Charity inyests in list¢d investments to generat¢ income with which il tnakes grants, donations and loans to charities and institutions that fall within the objectives of the ¢harity. When enough funds are available, the charity hgs purchased functional propertie5 in which educationat and Teligious activities ¢x¢ur. If there is a period wh¢re the functional property is not being used for ihe charitable octivities. the property may be rented out to increase the income of th¢ charity.

Wiseheights Limited Company Limited by Guarantee Trustees, Annual Report Oncorporating the Dirtttor's Report) (c&wlln¥dJ Year ended 31 Mv4rch 2023 Aebi¢vemell¢s 4Dd performaDce During th¢ year, £3.407.900 (2022.. £2.819.800) was disiributed in furtherance of the charity's objectives. Over 150 institutions and organisations were the recipienls of the above donations. In addition to this, ￿ part of ils direct charitable activities, tlie charity le&ses a building for £197,603 which it a]lows a school to occupy and operate in rent-free. The incom¢ of the Gharity has increased by 9.70/0 as a result of the increase in dividends received from its listed investments. Rental inconie has decreased in year. Past reserves hav¢ b¢¢n been ulilised in the current period to cover any shortfall of income over expenditure in the year. The value of the listed investments in note 14 has decreased by £1.2m (2022.. in¢r¢as¢d £3m). Th¢ value of this inv¢slm¢nt is based on market conditions. Trustees are confident that with market conditions improving. losses made will be regained. No change in activities is envisaged in the immediate future. FIDanclal review Th¢ Charity is dependent for its income on its investment activities. Rental income declined during the year. Besides this, £3.146,000 (2022: £2.710,400) of dividend income ar05e from its listed investments. Tot￿ investment incom¢ during the year rose to £4,019,758 (2022: £3,662,687}. Key p¢rformaDce Indlc&tor8 (KPIS) The Trustees monilor the Charity's perfornian¢¢ prog￿$$ against ils strategic objectives and the rinancial performance of ils operations on a regular basis. Performance is assessed against the strategy and expectations using financial and non financial me&sures. The Inost significant KPIS used by the Charity are a5 follows: 2023 2022 Grants and donations pllid out Nel rental income Dividend income froni list¢d investments Listed investments at fair value 3,407,900 2,819,800 699,850 784,293 3.146.000 2,710,400 42.834.000 44.104,500 Subsldl4rleJ And other IDve81men¢s The charity holds the entire issued share capital of several noininee companies. These companie5 are all incorporated in England and Wal¢s. Nominee companies hold ￿e[S on tIU51 for the beneficial owner Wisehcighis Limited. The Charity's listed investments comprise 2,420,000 ordinary shares in S & U. PIC representing 20.2Yo of the issued ordinary share capital of that company. Th¢ mid market value of the holding, based on the London Stock Exchange daily listing, 81 31st March 2023 w&5 £57,112.000 (2022: £ 58,806,000). However, it is considered that this is not an accurate reflection of the true value of this shareholding due to the existenee of other substantial holdings and th¢ thin marker in which the shares 8re trad¢d. The trustees have been advised that in the circumstances it would be appropriate lo apply a 25Yo discount lo the market value of the shareholding and the financial statements hav¢ b¢¢n pr¢pared on this basis. The charity h&8 no ¢ontrol and no dominant influence over th¢ operation and financial policies of S. & U. Plc.

Wiseheights Limited Company Limited by Guarantee Trustees, Annual Report Uncorporating the Director's Report) Year ended 31 March 2023 Plans for future perlods The charity plans continuing the aGtiviti¢s outlined above in the coming years subject to incoming resources being maintained at a satisfa¢tory level. 11 is the In￿lee8, aim to ensure future income stream by the acquisition of investinenls. Fhed Assets The movements in investments are fully refl¢¢t¢d in the notes 13. 14 & 15 10 the financial statements. TAnglblc Flxed Assets The charity has property worth £14.9m (2022.. £14.9m) which 1$ intended for functional use and is staled at cost. It is treated as such until it ceases to be held for functional purposes. There were no additions during the year. Reserves pollcy It is the policy of Ihe Charily to maintain unrestricted funds, which are the free reserves of the charity. at a level which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year. The free reserves of the charity are the current assets and investments at cost, minus ourrenl liabilities. They do not include the tangible fixed assets of the charity as th¢se are tun¢lional buildings which the charity uses for its charilable activities. Trustees, responslbllltles statem¢nt The trustees, who Are also directors for the purposes of company law, are responsible for preparing the irustees, report and ihe financial 5tstements in accordan¢¢ with applicable law and United Kingdorn Accounting Standards (Unl￿d Kingdom Generally Accepted Accounting Practice). Conipany law requires the charity trustees io prepare financial stal¢m¢nls for each year which glve a true and fair view of the s¢ale of affairs of the charitable company and the incomin8 resources and application of r¢sources, in¢ludin8 the income and expenditure. for thal period. In preparing these financial 5tatem¢nts, the trustees are required to: seleGI suitable accounting policies and then apply them consisiently. observe the methods and principles in th¢ applicable Charities SORP. make judgmeiits and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going Concern basis unless it is inappropriate to presume that the charity will ¢onlinue in busines5. The trustees are respon3ible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any tim¢ the fInan¢ial position of the charity and enabl¢ them to ensure that the finan¢ial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of frAud and other irregularities.

Wiseheights Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (C￿lAU¢41 Year ended 31 Ma￿h 2023 Audit()r Each of the persons who is a trwst¢e al the dale of approvat of this report confirms that.. so far as they are aware, there is no relevant audit inforn]alion of which the charity's auditor is unaware. and they have taken all steps Ihllt they ought to have taken as a trustee to make themselves aware of any relevant audil inforn)alion and lo establish that the eharity's auditor is awar¢ of that irtformalion. The trusl¢es' annual report and the stralegic report were approved on 29 January 2024 and signed on behalf of the b08rd of trust¢¢s by.. Mr A Klein Trustee

Wiseheights Limited Company Limited by Guarantee Jndependent Auditor's Report to the Members of Wiseheights Limited Year ended 31 Mareh 2023 OpRnion We have audited the financial statements of Wiseheights Limited (the 'charity) for the year ended 31 March2023 which comprise the statement of f5nancial activities (including incom¢ and expenditure account), statement of finan¢ial p051tion, statement of cash flows and th¢ related not&s. n¢luding a summary of significant accounting policies. The financial reporting framework that has be¢n applied in their preparation is applicable law and United Kingdom A¢counting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Ac¢ounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resources. including ils income and expendilure, for the year th¢n ¢nded' have been properly prepared in accordance with United Kingdom GeneraIly Accepted Accounting Pra¢tice' have been prepared in accordanc¢ with the requirements of the Companies Act 2006. Basis for Opinion We conducted our audit in accordance with Intemational Standards on Auditing {UK) (ISA5 (UK)) and applicable law. Our re5ponsibiliti¢s vnder those standards are further des¢ribed in the audltor's responsibilities for the audit of the financial statements section of our report. We are independent of the ¢h8rity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK. including ihe FRC'S Ethical Standard, and we have fulfill¢d our oiher ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. CoD¢lusloJi8 relating to going ¢oucerll In luditing the financial statern¢nts, we have concluded Ihat the trustees, use of the going con¢ern basis of accounting in th¢ preparation of the fmancial statements is appropriate. Based on the work we have perfornied. we have not identified any material un¢¢rtainties relating to events or conditions that, individually or ¢ollectiYely* may cast significant doubt on the charitys ability to ¢ontinue as a going con¢¢rn for a period of at least Iwelve months from when Ihe financial statem¢nts are authorised for issue. Our responsibilitie5 and the responsibilities of the trustees with r¢spe¢t to going concern ar¢ described in the relevant sections of this report.

Wiseheights Limited Company Limit￿ by Guarantee Indopendent Auditor's Report to the Members of Wiseheights Limited (cothMe4J Year ended 31 March 2023 Otber Inform#tloD The other information ¢omprAses the inforniation included in th¢ annual reporL Diher than the financial statements and our auditor's r¢port thereon. The trustees are responsible for the other infomiation. Our opinion on the financial stalements does not cover the other information and, except lo the extent otherwise expliciily stated in OUT rewri we do not express any form of &ssurance onC1￿10n the￿on. In Gonnection with OUT audit of the financial slatements. our responsibility is to read the other information and, in doing so, consider whether the other infornialion is materially inconsistent with Ihe financial statements or our knowledge obtained in ihe audil or otherwise appears to be materially misstated. If we identify such maierial inconsi$tcn¢ies or apparent material misstarem¢nts. we ar¢ r￿VIred to deterniine whether there is a material misstalement in the financial statemettts or a material misstatement of the other information. If. based on the work we hmve perfomied. we ¢on¢lude that there is a material Miss￿ement of this other inf0miati0￿ we ar¢ required to report that fact. We hav¢ nothing to report in this regard. Oplnions on otkn¢r matters pre￿rIbed by the Comp•Dle8 A¢¢ 21)06 In our opinion. based on the work undertaken in the course of the audit.. the information given in th¢ trust¢¢s' report for th¢ financial year for which the financial statements are prepared is consistent with the finan¢ial stat¢ments' and the trustees, report has been prepared in accordance with applicable legal r¢quirem¢nts. Matters on whl¢ts w¢ are required to report by exttptloll In ihe lighi of the knoWI￿ge and unders¢anding of the charity and its envirotunenl obtained in ihc course of the audit. we have not identified Materi￿ misstatements in ihe trustees, report. We have nothing to report in respect ofthe following matters in relation to which th¢ Companies A¢t 2006 requires us to report to you if, in our opinion- adequate accounting records have noi been kepL or returns adequate for our Audit have not been received from branches nol visited by u5. or the fin￿¢1￿] ststements are in agreement with the acwunting records and retUrn5' or certain diselosures of tr￿ste¢S. remuneration specified by law or¢ not made. or we have not received all the information and explanations we require for our audit.

Wi8eheights Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Wiseheights Limittd f¢o*liw￿rfj YeAr ended 31 Mrdrch 2023 R¢spollslbllltle8 of trustses As explained more fully in the Irustees, responsibilities stslement. the tnLStees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial sial¢m¢nts and for being satisfied that they give a true and fair view, and for such internal control as Ihe trustee5 determine is necessary to enable the preparation of financial Statements that are free from material misstatemenl. wheth¢r due to fraud or error. In preparing the financial statements. the trustees are responsible for ￿seSsIng the charity's ability to Continue as a going concern, disclosing, as applicable. matters r¢lat¢d to going concern and using ihe going Concern basis of accounting unless the trustees either intend lo liquidate the ¢harily or lo cease operations, or have no realistic alternative but to do so. io-

Wiseheights Limited Company Limited by Guarantee Independent Auditor's Report to the Member5 of w￿ehelghts Limited (coMfiRMtd) Year ended 31 March 2023 AuditDT'S responslbllltles for the audlt of the finaDc5al statemellls Our obj¢¢tives are to obtain reasonable assurance about whelher ihe financial ￿atern¢nts as a whole are free from mat¢rial misstatem¢nt, whether due lo fraud or error, and to issue an auditor'5 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 (UK) will always detect a material misstatement when it exists. Misslatemenls can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users tsken on the basis of Ihese financial slatemcnts. Irregularities, including fraud, are instances of non•compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements ITr respect of irregularities, including fraud. The ¢xt¢nl to which our procedures are capable of detecting irregularities, including fraud is detailed ￿low.. We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legiglation. landlord legislation and charity legislation as being most significant to these financial statements. We communicated these identified frameworks amongst our audit team and remained alert to any indication5 of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability lo identify or recognise non•coinpliance with laws and regulations. We discussed with the Iruslees the policies and procedures regarding compliance with these legal and regulatory frameworks. We a55essed th¢ susceptibility of the charity's financial sl&1ement5 to m&lerial mi55taleinent due lo non-compliance with legBI and regulatory frameworks, including how fraud might occur, by inquiry with the trustees during the planning and finalisalion stages of our audit and by using proprietary disclosure checklists. The susceptibility to such material misslatem¢nt was determined to be low. 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 procedure5 on the related financial statement it¢ms. Owing to the inherent limitations of On audit. there is an unavoidable risk that we may not have detected some material misstAt¢m¢nts in the financial statements, even though we hav¢ properly planned and perforn)ed our audit in accordance with auditing standards. For example, th¢ furth¢r removed non-complian¢¢ with laws and regulation5 (irregularities) is from the events and transa¢lions reflected in the financial statements. the less likely the inherently limited procedures required by auditing standards would identify il. In addition. as with any audit, there remained a higher risk of non-deleciion of irregularities, ￿ these may involve ¢ollu5ion, forgery* intentional omissions. misr¢presentalions, or the override of inl¢rnal ¢onlro15. We are not re5pon5ible for prev¢ntin8 non- ompliance and cajujot be exp¢Gted io delect non-¢OTnpliance with all laws and regulations.

Wiseheights Limiled Company Limited by Gyarantee Independent Auditor's Report to the Members of Wiseheights Limited (tO*ll#wd) Year ended 31 March 2023 As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional ￿epticiSM throughout the audit. We also= Id¢nlify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perforni audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a Materi￿ misstalemenl resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery. intenlional omissions. misrepresentalions, or the override of internal control. Obtain an understanding of intemal control relevant to the audit in order to design audil proeedures that are appropriate in ihe circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate th¢ appropriateness of accounting policies used and th¢ reasonableness of accounting estimaks and related disclosures made by the Irusl¢¢s. Conclude on the appropriatenes5 of the Iru$t¢es' we of ihe going concern basis of accounting and, based on the audit evidence obtained, whether a malerial uncerthiniy exists related lo events or conditions that may cast Significant doubt on the charity's ability to continue as a going concern. If we conelude that a material uncertainty exists, we are required to draw attention in our auditor's report lo the r¢lal¢d disclosures in the financial 5talement5 or, if such dis¢losures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to t]ie date of our auditor's report. However, future ev¢nls or Conditions may Cause the charity to ceas¢ to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial staleinents represent the underlying Iransactions and events in a manner that achieves fair presentation. 12-

Wiseheights Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Wtseheights Limited (¢••dAw¢ffj Y¢ar ended 31 March 2023 We communic8te with those charged with governance regardin8. among other matter4 the planned sryjpe and titning of the audit and significani audit findings, in¢ludin8 any signLficant d¢fi¢iencies in internal control that we identify during our audit, Use of our report This report is made solely lo the charity's members, ag a body. in accordan¢¢ with Chapter 3 of Part 16 of the Companiag Act 2006. Our audit work l)as been und¢rtaken so that we might state to the th8rity5 memb¢r5 those matters we are required to state to them in an auditovs report and for no other purpose. To the fv11¢st extent perniitted by law, we do not accept or assume r¢sponsibility to anyon¢ other than the charity and the charity's members 49 & body, for our audit work, for this report, or for the opinlon5 we hav¢ formed. Moshp Bronor-cohen (S¢nior Statutory Auditor) For and on beh￿f of Cohen Arnold Chartered accountants & $t4tutory audltor New Burllngton Hous¢ 1075 Flnchley RoBd London NWII OPU Date 13-

Wiseheights Limited Company Limited by Guarantee Statement of Finaneial Aetivities (including ineome and expenditure aecount) Year ended 31 MArch 2023 2023 Unrestricted funds Total funds Total funds 2022 No Ineome and endowments {￿eStMent income 4,019,758 4,019.758 4.019,758 4.019.758 3,662,687 3.662,687 Total in¢ome Expenditure Expenditure on raising funds.. Investment management costs Expenditure on charitable activities Total expenditur¢ (390,683) (390.683) (304,526) 7,8 (3,671,614) (3,671.614) (3.128.778) (4,062.297) (4.062,297) (3,433.304) Net (eipenditllr¢)lincome (42,539) (42.539) 229.383 Other recognKsed gAIDS and losse8 Fair value movements (1,270.500) (1.270,500) 3.267,000 (1.313,039) (1,313.039) 3.496.383 Net movement ID fuDd$ Reconciliation of funds Total funds brought forward Total funds carried fonyard 54,905.350 54.905,350 51,408.967 53,592.311 53,592.311 54.905.350 The statement of financial activities includ¢s all gains and losses rec4)gnised in the year. All income and expendiiure derive from continuing a￿1VItIes. The notes oo p&gts 17 to 28 forrn pJrt of thes¢ IFr•am¢i•l Jts¢emellt 14-

Wi$eheights Limited Company Limited by Guarantee Statement Df FiJJancial Position 31 March 2023 2023 2022 Nott Fixed &ssetS Tangible fixed &5set5 Investments 13 14,856,282 14,856,282 14 42,834,000 44,104,500 57,690,282 58,960.782 Current 088ets Debtors Cash al bank and in hand 16 469,029 616,327 476,041 736,449 1,212,490 18 {1,223,810) (1,290.438) (138,454) {77,948) 57.551,828 58,882,834 19 (3,959,517) (3.977,484> 53,592,311 54,905.350 1,085,356 Creditor8: Imounty fAlllng dut within One yegr Net ¢urrent IIAbllltles Total Assets le￿ ourreDt Illlbllltles Creditors: 4moun18 falllng due #fter more than one year Net 8ssets Fllndj of the charity Unrestricted fund5 53,592,311 54.905.350 20 53,592.311 54,905,350 Tolgl chllrlty funds These financial statements were approved by The board o January 2024, and are signed on behalf of the board by.. trustees and authorised for issue on 17 MrA Klein Trustee Mr J Sternlichl Trustee The notes OIL pages 17 28 form pirt of Ihe$¢ IlnanciRI $iitemtrtTS.

Wiseheights Limited Company Limited by Guv4rantee Statement of C￿h Flows Year ended 31 March 2023 2023 2022 Cash flows from operAtlng a¢¢fvltle8 Nel (expendilureyinc4)me Adjttslmtntsfor.. Dividends, interest and rents from investments Accrued (incomeyexpenses Change$ In.. Trade and oth¢r debtors Trade and other creditors (42.539} 229,383 (4,019.758) (3,662,687) (59,108) 86.098 7.012 53,750 (60,383) (75,643) (4,060.643) (3,483,232) (4,060,643) (3.483,232) Cash generated from operations Net cash used in operating activities C4sb liojvs from Inve8tlng actfvltles Dividends, interest and Tenrs from investments Net ¢ash from investing activities 4.019,758 4,019.758 3,662,687 3,662,687 Csh floiys from nnAnclllg A¢tlvltle8 Proceeds from borrowings Net cash used in financing activities (79,237) (136,354) (79.237) (136,354} N¢t (de¢r¢88eyln¢re#se In cajb And cg81i equlv#lents Cash and casb equSvaleDls at beglnnlng ofyear CJb and eosh tquivaltnt$ at end of year {120.122) 736.449 43,101 693,348 616,327 736.449 Tb¢ DoteB p4¥es 17 10 28 fom Part of thrte ftnneil stltements. 16-

Wisebeigbts Limited Company Limited by Guarantee Notes to the Financial Statements Y¢2r ended 31 Mar¢h 2023 Gentral information The charity is a public benefit entity and a private cotnpany limited by guarantee, regist¢red in England and Wales and a registered charity in England and Wale5. The address of the regislered office is New Burlington House, 1075 Finchley Road. London, NWI I OPU. Statement of compllgn¢e These financial statements have been prepared in Compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic Of Ireland,, the Statement of Recommended Practi¢¢ applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charitie5 SORP (FRS 102)) and the Companies Act 2006. Accounting poll¢les B&sls of pr¢par8tlon The financial statements have be¢n pr¢par¢d on the historical cost basis, as modified by the revaluaiion of certain financial assets and liabiliti¢s and investment properties measured at fair value ihrough income or expenditure. The financial statements are prepared in sl¢rlin& which is the functional currency of the enlily, Golng ¢oncern Notwithstanding any uncertainties, the financial statements have been prepared in accordance wilh the accounting principles appropriate lo a going concern, as the Trusiees have a re&50nable expectation thal the charity has adequate r¢50ur¢es lo coniinue in operational existence for th¢ foreseeable fulure by m¢eting its liabilities as they fall due, based on the net current asset position of the charity and available sources of finance. The Trustees recognise that they have th¢ ability to exercise control over Ihe charity's grant making charitable activities due lo the absen¢e of any legally binding obli8alions. Judg¢m¢nts and key $ources of estlmatlon uncertglnty The preparation of financial statements requires managen)enl to make judgements, estirnates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factor5, including expectations of future events that are believed to be reaso1￿ble under the circumstanc¢s. Governance Costs Governance Costs include the cost of the preparation and audit of the financial slat¢ments and the ¢osl of any legal advice to the trustees on governance or constitutional matters. Income tsx The Charity is not liable to direct I￿ation (In¢ome Tax) on ils income which falls within the various exemptions available to registered charities. As & result no Deferred tax is provided on timing differences. Th¢ Charity is not registered for Value Added Tax (VAT) and is therefore unable to reclaim any input t&% it suffers on its purchase. Expenditure in the accounts is therefore shown inclusive of VAT where appropriate. 17-

Wiseheights Limited Company Limited by Guarantec Not¢s to th¢ Financial Statements (thrfM4¢rf1 Year ended 31 March 2023 Accounting pollcies (tOhlthMtdJ Futsd accounting Unre51ricted funds are av￿[able for at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestrl¢￿d funds earniarked by the trustees for a ￿rtiCular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the lern)$ of an 8ppeal. and fall into one of two sub-classes.. restricted income funds or ¢ndowment funds. lllcomlng resourees All incoming resour¢es are included in the statement of financial activities wh¢n entitlement has passed to th¢ charity. it is probable that the econoinic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policicg are applied to particular Categories of incorn¢: income from donations or grants is recognised wh¢n th¢re is evidence of entitlement lo the gill. receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitleinent is established. income frorn donated goods is measured at the fair value of the goods unless this is itnprllctical lo measure reliably, in which case the value is derived from the G05t to th¢ donor or the estimated resal¢ value. Donated facilities and services are recognised in the accounts when received if the valu¢ can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of setvices is recognised with the d¢liv¢ry of the Contracted service. This is Classified as unrestricted funds unless there is a contractual requireineni for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as reslricled. 18-

w￿ehelghts Limited Company Limited by Guarantee Notes to the FinanciAI Statements (¢#ndM¢aJ Year ended 31 March 2023 Aceounting policies <#￿￿¥ Resour¢e$ ¢5pended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on rAising funds includes the costs of all fundraising activities. events, non- charitabl¢ trading activities. and the sale of donaied goods. expenditure on charitable activities includes all costs incurred by a charity in undertsking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the goyernance of the charity apportioned to charitable activities. other expenditure includes all expenditure th81 15 neith¢r r¢lat¢d to raising fvnds for the charity nor part of ils expenditure on charit&ble activities. AII ¢05ts are allocated to expenditure c&tegories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared cosls are apportioned between the activities they contribute to on a reasonable, justifiable and Consistent basis. TaDglble assets Tangible assets are Initi￿LY recorded at cost. Thi5 relates lo th¢ charity's properties are which in intended for functional use and are slated cost and are treated as such until it is ¢xpeGt¢d Uial fair value will be r¢li8bly measurable on a going concem basis. InY¢stments Unlisied equity investments are inilially recorded al cosL and subsequently me&guTed at fair va]ue. If fair valu¢ ¢annot be reliably measured. assets are measured at cost less impairment. Listed investments are measured al fair value with changes in fair value being re¢ognis¢d in income or expenditure. ImpalrmeDt of fixed aJsetJ A review for indicators of impairment is carried out at each reporting dele. with the re¢overv¢ble amouni being estimaled where such indicators exist. Wh¢r¢ the carrying value exceeds the overable amounL the asset is impaired accordingly. Prior impairn)ents are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asseL an estimat¢ is made of the recoverable amount of the casF generaling unit io which the asset belongs. The cash-gen¢r&ting unit 15 the smallesl identifiable oup of assets that includes the asset and g¢nerat¢s cash inflows that largely indep¢ndenl of th¢ C2$h inflows from other assets or groups of assets. For impairnient testing of goodwill. the goodwill acquired in a business combination is, from the acquisition dale, ￿loCated to each of the cash-generating unit5 that are expected to benefit from the synergies of the combination, irrespeclive of whether other assets or liabilities of the charity are assigned to those units. 19-

Wiseheights Limited Company Limlted by Guarantee Notes to the Finydllcipdl Statements (coNdnMed) Year ended 31 March 2023 A¢eountlDg policies (c¢wllH4elJ Fin4n¢i41 instruments A financial asset or a financial liability is recognised only when the entity becomes a party lo the contractual provisions of the instrU￿ent. Basic financial instruments gre initially recognised al the amount receivabl¢ or payable including any related transaction ¢osts, unless th¢ arrangement ¢onslilutes a financing transa¢rion. where il is recognis¢d al the preseni value of the future paytnents discounted at a market rate of intere51 for a similar debt instrument. Current assets and current liabilities are subsequently measured at ihe cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequenily measured at amortised cost. Where investments in shares or preferen¢e shares are publicly traded or their fair value can oiherwise be Ineasured reliably* th¢ investment is subsequently measured ai fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairmeni. Other financial instruments. including derivalives. are inilially re¢ognised at fair value. unless payment for an &5S¢t is d¢f¢rred beyond normal business ternis or financed at a rate of interest that is not a market rate. in which Case the asset is measured at the present value of ihe future payinents discounted al a market rale of interest for a similar debt in$lrum¢nt. Other financial instruments are subsequently measured at fair valu¢, with any ¢h&nges re¢ognised in profil or loss. with the exception of hedging instruments in a desi8nal¢d hedgin8 relationship. Financial assets that are measured at ¢osl or amortised cost are reviewed for objective eviden¢¢ of impairment at Ihe end of each reporting date. If there is objective evidence of impairn)ent. an impairn)ent loss is recognised under the appropriate heading in the statement of financial Rclivities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial ass¢ts that ar¢ individually significant, Ihese are assessed individually for impairnienl. Other financial assets are either a5se55ed individually or grouped on the basi5 of similar credit risk characteristics. Any reversals of impairnient are recognis¢d immediately. lo the extent thai the reversal does not result in a carrying amount of the financial ￿Sel that exceeds what the carrying Amount would have been had the impairment not previously been recognised. AequisitjODS 2nd dlspos4lJ of properties Acquisitions and disposals of prop¢rti¢s ar¢ considered to take place at the legal completion and are included in the financial statements accordingly. Llmlted by guarantee Wiseheights Limited is a company limited by guarantee governed by its M¢morandutn and Articles of Association dated 15th August 1985. -20-

Wiseheights Limited Compgtty Limited by Gllar2ntee Notes to the Finanti&l Statements Year ended 31 Marcb 2023 lllvestment income Unrestricted Total Funth Unrestricted Total Funds Funds 2023 Funds 2022 Gross rental income Income from listed investh)ents 873,758 3.146.OlX) 4.019.758 873.758 3.146,000 4,019,758 952.287 2.710.400 3.662.687 952,287 2.710.400 3.662,687 Investment manggem¢nt ¢osts U[￿trIcted Total Funds Unrestrickd Total Funits Funds 2023 2022 Propety management costs Property service charges Rent colle¢lion Property repairs and maintenance charges Mortgage Interest 89,123 37.299 36.789 89,123 37,299 36,789 23,644 92.259 37,613 23,644 92.259 37.613 10.697 216.775 390.683 10.697 216.775 390.683 14,478 136.532 304.526 14.478 136.532 304.526 EIpenditure on charltsble cth4tles by type UnTestrirt¢d Total Funds Unre5tricd Total Funds Funds 2023 Funds 2022 Charitable activities Support costs 3,605,503 66,111 3,671.614 3.605.503 66,111 3.671,614 2.994.800 133,978 2.994.800 133.978 3.128.778 3.128.778 ExpendSture on charitable getivities by *etivlty type A¢tivitie5 undertaken Grdnt fi￿￿ing directly of activities Support f05ts Totsi funds Total fund 2023 2022 Charitable activities Governance costs 197,603 3.407,900 3.605.503 66.111 3.671,614 2.994.800 133.978 66,111 66.111 197,603 3.407,900 3,128,778 Activities undertaken direcdy represents lease payments to another charity. Th¢ Palmtree Foundation TTUSt Limited, for the use of premises which Wi5eheights Limited allows a school to occupy reni-free. Both The Palmtree Foundation Trth￿ Limiled and the school. Bels Ruchel D'satmar (London) Limited. have a Trustee who is also a Trustee of Wiseheights Limited. 21

Wiseheigbts Limited Company Limited by Guarantee Notes to the Financial Stotements Year ended 31 March 2023 Analysts of support costs Support Costs Total 2023 Total 2022 General office Finance costs Legal and professional fee5 1.872 16,068 48,171 66,111 1,872 16,068 48.171 66,111 2,928 76.706 54.344 133.978 10. An8lysl8 of grants 2023 2022 Grants to Instltutlons Amud Hatzdokoh Trust Asser Bishvil Foundation The Beth Hamedrash Salmar Trust Bels Ruchel D'satmar (London) Limited British Friends of the Rubbi Meir Baal Haness Chariiy (Kollel Shomrei Hachomos) Chevras Mo'oz LAdol Collel Chibaih Yeru5halayim, Rabbi M¢ir Baal Hanes Trust Congregation Vyoel Moshe D'satmer Charitable TNst Ezer Bekovoid Limited Jcoci EducalionAI Foundation Ltd KYL Central Shul Trust Rookwood Foundation Ltd Satmar Seminary United Talmudical Associates Lid UTRY Vyoel Moshe Charitable Trust YBP Limited Yelev Lev London Jerusalem TrLLsI Yesamach Levav Y G S Yeshiva G¢dola Seminar Other Donations < £30,000 125,000 5,000 49,000 25,000 21.000 30,000 50.000 35,000 50,000 53,000 35,000 30.000 22,000 60,000 15,000 35.000 70.000 71,5￿) 30,000 5,000 50.000 1.365,000 35,000 35.000 20,000 54.000 1.505,000 40,000 30,000 80,000 50,1)00 35,000 18,000 661,800 65.000 28,lJ)O 34,000 1,305,400 3,407.900 2.819.800 Total grants 3,407,900 2.819,800 -22-

Wiseheights Limited Company Limited by Guarrdllte¢ Notes to the Finan¢ial Statements (c•ttlinwed) Year ended 31 March 2023 10. Anatysis of grants Analysts of Grants to Institutlons: Advancement of the Jewish Religion Advancement of Jewish Education Relief of Poverty Total 2,012,650 746,350 648,900 3.407.900 884,515 968.720 766.565 2,819.800 The grant making policy of the charity, a5 Stated in the Trustees report, helps the charity to fulfill its duty to act for the public benefit in accordance with section 4 of the Charities Act 2006. 11. Auditors remuneratlon 2023 2022 F¢¢s payable for the audil of Ihe financial statements 7.800 13.380 Fees payable io the charity's audiior and its associates for other services.. Taxation Compliance services Other non-audil services 51,600 3,480 55,080 12. TruJte¢ remuneritlon xnd expenses The Charity has no staff other than ihe th¢ three trustees, all of whom give freely of Iheir litne and expertise without any form of remuneration or other benefit in cash or kind (2022: £nil). The charity did not m¢¢t any expenses (2022: £nil) incurred by the trustees for seryices provided to the charity. 13. TAnglble fixed Assets Fr¢ehold property Cost At l Aprll 2022 And 31 M*rch 2023 Corryln% #mount At 31 M#r¢h 2023 14,856,282 14.856.282 At 31 March 2022 14,856,282 23-

Wiseheights Limited Comp&ny Limited by Guarantee Notes to the FinanciAI Stydtements (COAtiA#e Year ended 31 March 2023 13. Tangible r￿ed assets (to•th#¢4J Tangible fixed assets are r¢corded at Cost. This relates to the charitys properties which are intended for functional use. These are staled al cost and Are treated &s such until they cC￿e to b¢ used for funrional purposes. The n￿1n site is used for the communal synagogue with various edu¢ational functions performed in other siles which the charity owns. Over the recent years, the charity has purchased further pmperties with the intention of functional usage as well as to allow for spare ¢apacity should the need arise. While the ¢harity's immediate usage of these building is not required, they are rented out in order lo in¢rease the charitys revenue. 14. Investm¢n¢s Llsted IDvestments Cost or vAluatlon Ai l April 2022 Additions Fair value movements 44,104.500 (1,270,500) 42,834,000 At 31 MArcb 2023 Imp•lrment At l Aprll 2022 31 Mareb 2023 CArrying amount At 31 March 2023 42,834,000 44.104,500 Ai 31 March 2022 All investments Shown above are held at valuation. 24-

Wiseheights Limited Company Limited by Guarantee Notes to the FinanciAI Statements (condmte Year ended 31 Mydrch 2023 14. lllvestmeDts fcti#llll#*dJ Flnan¢lal assets beld at fair value Listed Investments: The historical cost of the listed investments is £6,993.800 which was their mid-market value on the date that th¢y were gifted lo ihe chaTity. The listed investments comprise 2,420,000 ordinary shares in S. & U. PIC representing 20.2010 of Ihe issued ordinary share capital of tha¢ company. The mid market value of the holdin& based on the London Stock Exchange daily listing, at J I st March 2023 wa5 £57,112,000. However. it is considered that this is not an a¢curale reflection of the true value of this shareholding due to the existence of other substantial holdings and the thin market in whicli the shares are traded. The trtsstees have be¢n advised that in the circumslances it would be appropriate to apply a 25Yo discount lo the market value of the shareholding and the financial statements have been prepared on this basis. The charity has no conirol and no dominant influence over the operation and financial policies of S. & U. Plc. The charity's share of the turnovei, assets and liabilities in the investment for the year ¢nded 31 January 2022 is as follows: l. Turnover £20,748.228 2. Non-¢urrent as5els £44.648,262 3. Curr¢nl assets £41,640.886 4. Creditors.. amounts falling due within one year £1,397.43 5. Creditors.. amounts falling due after more than one year £39,666,942 6. Net assets £45,426.770 15. IDvestm¢nt eDtltle8 SubJldl8rl¢J 4nd other IDvestments The charity hold5 the entire issued share capital of four companies. Casileview Properties Limired, Prospect Properties Limited, Newbank Limited and Brackley Estates Limited. All these ¢ompanie5, incorporated in EngIand and Wales, act as nominee ¢otnpanies that hold assets and liabilities on trust for th¢ b¢neficial owner Wiseheights Limited,. their own accounts. &$ well the a¢¢ounrs of other companies that act as nominees for Wiseheights Limited. are always dormant and all their assets, liabilities and activities, held and ¢arri¢d out on Injst for Wiseheights Limited, are reported in the ¢harity's ￿cOUn18. 16. Debton 2023 2022 Trade debtors Prepayments and accrued income oiher debtors 397,634 4,393 67.002 403,647 3.989 68,405 476,041 469,029 -25-

Wiseheights Limited Company Limited by Guarantee NotL8 to the Financial Statements (con Year ended 31 March 2023 17. Cash and e*8h equivalents ADalysts occash Ind equivAlents 2023 2022 C&sh in hand Overdraft facility repayable on demand Totsl ¢￿h and cash equivalents 616.327 736,449 616,327 736,449 18. Credltor5: amounts f8lllng due wiihln ODe year 2023 2022 Bank loans and overdrafts Trade creditors Accruals and d¢ferred income Other creditors 79.230 97,500 47,080 1,000,000 1.223,810 140,500 43,750 106,188 ,000.000 1,290,438 19. Cr¢dStors: AmouDts fall1￿% due after more than one year 2023 2022 Bank loans and overdrafts 3.959,517 3,977,484 The company has charged its tsngible fixed assets with a m&rk¢t value of £6.334,806 as security for th¢ loan facilities granted. -26-

Wi8eheights Limtted Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 20. Analysis of ehgritable fund¥ Unrestr5cted funds At l April 2022 Gain5 and At losses 31 Mareb 2023 Income Exp¢ndi¢ure General fun Fair value reserve 17,794,650 37.110.700 54,905,350 4.019.758 (4.062297) 17,752.111 (1,270,500) 35,840200 4.019.758 (4,062297) (1,270,500) 53,592,311 At April 2021 Gains and At losses 31 Ma￿h 2022 Income Expenditure General fvnds Fair value reserve 17.565.267 33.843.700 51.408.967 3,662.687 (3.433,304) 17.794.650 3.267.IK>O 37.110.71)0 3.661687 (3,433,304) 3.267,000 54.905.350 21. ADgtysis ol llet assets between fund$ Unrestricted Total Funds Funds 2023 Tangible fixed assets Investhients Current assets Creditors le55 than l year Creditors greater than l year Net *33ets 14.856,282 14,856,282 42,834.000 42,834,000 1.085,356 ,085,356 (1.223,810} (1,223.810) (3,959.517) (3,959.517) 53.592,311 53,592,311 Unrestricted Total Funds Fund5 2022 Tangible fixed assets Investments Current assets CreditOTS less than l year Creditots greater than l year Net ass¢ts 14.856.282 14.856.282 44.104,500 44.104,500 1212,490 1,212,490 (1.290,438) (1290,438) (3,977,484) (3.977.484) 54,905.350 54,905,350 -27-

Wiseh¢ights Limited Company Limited by Guarantee Notes to the Financial Statements <￿4￿#¢4• Year ended 31 March 2023 22. Flnanclil Snstrumcnts The carrying amount for each category of financial instrument 15 as follows: 2023 2022 FI￿all¢ll1 assets measured At falr volue through Income and ezpenditure Financial assets measured at fair vaSu¢ Ihrough income and ¢xpenditure 42,834.000 44,104.500 FlnanciAI assets thot debt ImstrumeDts measur¢d At amortlsed cost Financial assets that are debt instruments measured at amorlis¢d cost 1.080.963 1,208.501 Fln*ncial liablllil¢s me48ured at Amortlsed cost Financial liabilities measured at amortised cost 5.183.327 5,267.922 23. AD4]ysls of chAngd In net debt Al At l Apr 2022 C&8h flows 31 M4r 2023 Cash at bank And in hand Debt due within one year Debi due after one year 736,449 (140,500) (3.977,484) (3,381,535) (120.122) 616.327 61.270 {79,230) 17,967 (3,959,517) (40.885) (3,422,420) 24 Rel#ted parties During the year the following donations were paid to charities who have common Iruslees or conncctions with the trustees of Wiseheights Limited.. The Betl) l-lainedrash Salinar Trust £49,000 {2022.. £50,000), Bels Ruchel D'salmar (London) Limit¢d: £25.000 (2022.. £35,000) and Palmcourt Limited £15.000 {2022'. £nil). 28-