**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 man*gemeDt(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
C*sh 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
C*Jb 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 ftn*nei*l 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 Unre5tric*d 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-