Company r•gl$tration numb•r 1939694 {England and Wale81
Chartty reglstratlon number 294229 IEngland and Wales)
WISEHEIGHTS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

WISEHEIGHTS LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trusts68
MrAbraham Klein
Mr Joshua Slemlicht
Mr Gerson Berger
Mr Yankel Grossberger
{Appclnted 20 March 2025)
Country of incorporation
United ￿ngdoM
(England and Wales)
1939094
Charlty reglstration
England and W81es
294229
Reglstered offlcè
New 8urfington House
1075 Finchley Road
London
NW11 OPU
Audwor
Cohen Amold
New Burfinglon House
1075 Finchlw Road
London
NW11 OPU

WISEHEIGHTS LIMITED
CONTENTS
Pago
Tnjstees, report
Stslemertt of trustees, re8wnsibilitie¥
Indepgnd8nt auditorfs report
Stslement offinarrial xtivlties
Statement of fin8ndal position
statement of cash flows
11
Notes to the financial slatements
12-22

WISEHEIGHTS LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORn
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present thelr annual report and financial statements for th8 year ended 31 March 2025.
The financial statements have been prgpared in accordance wlh the accounllng policies set out in note 1 to the
flnan¢ial slalernenls and comply with the charity's governing document, the Companies Act 2006, FRS 102 'The
Finan¢ial Reporting Standard appliL¥ble in the UK and Republic of Ireland" and the Charities SORP "A£counling
and ReportirvJ by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordancè with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021"
OblgCtIvg5 and activltles
The tharity was established for.-
the advancement of rgligion in accordance with the Orthodox Jewlsh Faith,.
Ihe rellef of povety,. and
for such other purpose¥ as are recognised by English Law as charitsble and in fvrtherance of the
aforementioned objeds.
In furtherance of its objects, the charrty supports the activities of Jewish religious organisaticns, especially in the
fiekg of education and provides phSlanthropic aid to the Jewsh needy. Donations are made lo organisations
providing a sound religious education in a￿rdance with the doctrines and principle8 of traditional Judaism and to
institutions sel up to provide aid to the J8wi$h needy, with a view lo achieving the objectives of the charity.
Wiseheighls Limited fegularly support8 charitable organlsatSons and insthutions both in respect of revenue
expenditure and capitsl projects and there has been a continual call for funding of capital projects together with a
concomitant need for increased revgnue support.
PubliG bgnefft
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what aclivilles the
charity should undertake and has compli?d with its duty to act for the public benefit in accordance wth Section 4 of
the Ch8rities Act 2011.
Grnnt making polky
Donations are made by way of grants to charitable institutions or organisalions elther direcuy or through the
servi￿5 of grant maknng chariues.
Achlevements and perfomiance
S￿nif￿an1 activrties and achievements 8g8lnst objectivès
The charity's princdpal source of income is derNed from dividends ré¢eNed from its listed Investments.. in addition. it
recelves rent on a number of its functional properties. During the year under review, it received £2.662,00012024'.
£3,146,0001 from its Ilsted investments and £572.98812024- £416.7161 of net rontal income after the deduction of
mortgage interest.
During the year under review £2.699,900 {2024.. £2.368,700) was distributed lo UK registered charities in
fvrtheranee of the charity's objedves.
Fundraising practices
The charity does not engage in any public fund raising activities.
Flnan¢lal revlew
During the year, whilst listed investment income remained constant. there was a reduction in nel rental income due
to the increases in Base Rata resulting in increased mortgage interest cost$.

WISEHEIGHTS LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Reserves pollcy
11 is the policy of the charity tha* unrestrfcted funds whith have not been designated for a specific use should be
maintsined at a level %thich the trustees consider appropriate after considering the future commitments of the
Gharity.
The tharity has UnreStr￿ted funds of £36,739,336 {2024'. £45,692,331) of which £468,524 12024.. £413,211) is
distributable, the b818nce representing the charty's functional property and listed investments from which r( derives
its income.
Inv8StmentpolKy
Under the Memorandum and Articles of Assooalion, the charity has the power to make any investment which the
trustees see fft provided that funds so ulilised are not immediately required for use in connection with any of Il's
objectives. The trustees regulat1y review the charitls position and needs in respect of the Snvestmenl pollcy.
Majornsks
The trustees have assessed th8 major risks lo which the charity is exposed, and are satisfied that systems are in
acÈ lo miligale exposure 19 the major risks, The chanty has no signfficanl concentrations of credit risk. Amounts
Shown in the Statement of Financial P0S￿on represent the maximum anticipated credit risk exposure.
recognised th81 systems can only prowde reasonable bul not absolute 8Ssurance that mapr risks have been
adèquately managed.
The charity holds or issue8 financial instruments to achieve three main objectives being:
to finan￿ ivs operations
to manage it's exposure lo interest and currency risks arising from it's operations and from ivs source$ of
finance.. and
lo generate funds.
In addition various financoal instruments (e.g. debtors, creditOTS. prepayments and aGcrualsl arise directly from the
charitys operations.
Plans for future perlods
The charity plans to continue the activities referred to above in the coming year subject lo incoming resources teing
available as envisaged.
Structurei governancg and managom•nt
The charity is an enltty incorporated under the Companies Art and is governod by its Memorandum arrfj Artides ol
Association dated the 15th August 1985. It has no share ￿pital being limited by guarantee. The liabil'ty of each
member in the event of a wnding up is limited lo £1.
The trustees, who are also the dSrectors for the purpose of company law. and served during the yèar and up lo
the date of signature of the financial statements were..
MrAbraham Klein
Mr Joshua Slernlicht
Mr Gerson Berger
Mr Yankel Grossberger
(Appointed 20 March 2025)

WISEHEIGHTS LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Recruitment and 8ppointment of twstees
A5 set of in the Articles of Assocbation the members of the charity shall not exceed fv￿nty five. There are tsvo
dasses of members..
Ordinary members- subsGribers and all persons subsequently admStted by the Counal lo membership.
Honorary members- pgrsons the Council may admit from time to lime w¢th WTitten consent.
No porson sh811 be admitted to the membership of the company as an ordinary member unless=
He has slgned and sent to the Secretary an application for adml8slon framed in 8uch terms as the Council
shall from lime lo time prescribe. and..
He has been elected to the membership by the Council.
All current Iru$tee5 are ordinary members and no honorary members have been appointed. The organisation is run
by the directors who are the Iruslegs. Every trustee holds office until helshe shall die or shall cease to hold office by
virtue ofArtidg 48 of the Articles of Association.
It is not currently the Intention of the Iru81ee8 of the Charity to appoint further trustoes. Should the &tuation change
In the future, the tfustees will apply suitable recruitment and training procedures.
The Councll appoints from among its mgmbers a Chair and È lfice Chair, and in the evenl any vacanGy arises the
Coun¢il sh811 as soon as pradlcable fill the vacancy. The quorum necessary for the transaction of the business of
the Council may be fixed by the Council and unless and until so fixed shall be three.
Organ￿￿tional structure
Th8 Iggal titles lo some of the thadty's investment properties are held by nominee companles. acting as bare
trustees, in whose names the bank loans assoaaled wth the relevant charged properties are taken. The rationale
for ulilising this structure is that. whilst the charity has granted legal charges over Its benefickql interest in the
relevant properties, il has not granted a debenture over its other assets and undertakings which aro thus
safeguarded in Ihg unlikely event of a default.
Auditor
In aGcordance with thg ￿MpanY'S articles, a resoluliors Proposing that Cchen Amold be reappoinlod as auditor of
the company will be put al a General Meeting.
The
slees. report was
pproved by the Board ofTrustees.
Mr Abraham Klein
Trustee
19 January 2026

WISEHEIGHTS LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, who a￿ also the dlrectors of Mfiseheighls Llmlted for the purpose of ￿rnPany law, 8rg responsible for
preparing Ihg Trustees, Report and the finanoal statements in a￿OrdanCe with applicable18w and United Kingdom
Accountin9 Standards {United Kingdom Generally kcepled Accountlng Praclicel.
Company law requires the trustees lo prepare financial slalements for each finandal year which give a true and fair
view of the slate of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these financial ststements, the trustees are required lo..
select suitable accounting policies and then apply them consislenty..
obserye the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Stsndards have boen followed, subject to any material departures
disclosed and explain¢d in the financial statements., and
prepare the financial statements on the going concern basis unle$$ it is inappropriate lo presume that the charity
will conlinug in aperation.
The trustees are responsiblg for keeping adequate a¢￿UntIng records that disdose with reasonable accuracy at
any lime the fin8noèl position of the Charty and enable them lo ensure that the financial slalements comply wth the
Companies Act 2006. They aro also responsible for safeguarding the assets of the charity and hence for tsking
reasonable steps for the prevention and detection of fraud and other irregularits¢$.

WISEHEIGHTS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF WISEHEIGHTS LIMITED
Oplnlon
We have audited the financial statements of Wseheighls Limited Ilhe 'charity'} for the year ended 31 March 2025
which compnse the statement of financAal activities, the statement of financi81 position, the statement of cash flows
and notes lo the finanual stalernents, induding significant accounting poSicies. The financial reporting framework
that has been applied in their prgparation 15 applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Fin8nci81 Reporting Stand8nl applK8ble in the UK and R8publK of lTr18nd
(United Kingdom Generally AC￿pIed ￿COuntIng Pr￿ICe}.
In our opinion, the financial statements-.
give a true and fair view of the state of the charitsble company's affairs as at 31 March 2025 and of ils
ineoming resources and application of re50urce8, for the year then ended-
have been property prepared in accordance with United Klngdom Generally Accepted Accounting Praclice;
and
have beon prgpared in accordance with the requirements of the CompaniesAct 2006.
8asis for oplnlon
We conducted our audit in accordan￿ with Intemational Slandar¢Js on Auditlng {UK} (ISAS IUK}l and 8pplicable
law. Our responsibilities under those standards are further described in the Auditors responsibiliti8s for the audit ol
the financial stat8ments section of our report. We are independent of the charity in accordance ¥Mth the ethical
requirements that are relevant to our audit of the financial statements in the UK induding the FRC'S Ethical
Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit ewdence we have obtainod is sufficjent and appropriate to provide a basi$ fc)r our opinion.
Conclu$lon$ relating to going concem
In auditing the financial statements, we have concluded that the trustees. use of the going concem basis of
a¢￿untIng in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not Identified any material uncertainties relating to events or
conditions that. indiviéually or collectively, may cast significant doubl on the charity's ability to continue as a going
concern for a period of al least twelve months from when the financial statements are aulhorised for issue.
Our respgnsibilib'es and the responsibilities of the trustees with resped to going concem are described in the
relevant sections of this report.
Other Infomiatlon
The other information compri$e8 the Inftymation included in the annu81 report other than the finar￿la1 statements
and our auditor's report thereon. The trustees are responsible for the other information contained wthin the annual
report. Our opinion on the finanrAal slalemenls does not cover the other infomiation and we do not expres8 any form
of assurance conclusion thereon. Our ￿SponsIbl11ty is to read the other information and, in doing so, consider
whether th8 Qther information is materially inconsistent with thè finanaal slalements or our kn￿edge obtsined in
the course of the audit, or otherwise appears lo be materially mlsststed_ If we identify such material inconsistencies
or apparent material misslalemenls. we are required to delemiine whether this gives rise to a materrdl misslalement
in the financial slalemenls themselves. If, based on the work we hav& performed. we conclude that there is a
material misstatement of this other infomation, we are required lo report that fad.
We have nothing to report in this regard.
Mattèrs on whlch we aro roqulred to report by exceptlon
We have nothing to report in respect of the following matters In relation to which the Charities (Accounts and
Reports) Regulations 2008 requlres us to report lo you rf, in our oplnlon..
the information given in the finanual statements is inconsistent in any material rg$pect with the trustees,
report". or
sufficient accounting record8 have not been kept.. or
the financial slalements are not in agreement with the accounting records-, or
we have not received all the information and explanations we require for our audit.

WISEHEIGHTS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED}
TO THE TRUSTEES OF WISEHEIGHTS LIMITED
Re$ponslbllltle$ of trustee8
As explained more fully in the slalemenl of tmslees, responsibilities, the trustees, who are also the dIr￿or$ of the
charity for the purpose of company law, are responsible for the preparation of the financi81 statements and for being
satisfied that they give a true and fair view, and for such intemal control as th& trustees determine is necessary to
enable the preparation of financial stslemenls that are froe from material misstatement, whether due to fraud or
error. In preparing the financial stalemenls. the trustees are responsible for a55essing the charity's ability to
continue as a going concern, disclosing, as 8pplicable, matters related to going concem and using the going
concern basis of accounting unless the Iruslee8 either intend to liquidate the charitable company or lo cease
operations, or have no realistic altemative but to do so.
Audrtoffs re$ponslbllltio5 for the audlt of thfj financial statements
We have been appointed as auditor under s&cts"on 144 of the Charities Act 2011 and reF)Ort in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the ffinancial stslements a$ a whole are free from
material misststemenl, whether due lo fraud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance bul 15 not a guarantee that an audit conducted in accordance
with ISAS IUKI will always detect a material misstatement when it exists. Misslalemenls arise from fraud or
error and are considered material if, individually Dr in the aggregate, they could reasonably be expected to influence
the economic deci&ons of users taken on the basis of these financial statements.
Irregularitie5, including fraud, are instances of nonvC0THplian￿ with laws and regulations. We design procedures in
Ilne wth our responsibilities. outlined abovg, to detect material misstatements in respect of irregularities. including
fraud. The extent lo which our procedures are capable ol detecting I￿egular1t1es. induding fraud is detailed below..
We obtained an understanding of the legal and regulatory frameworks that are applicable to tho company
through discussion with the management and identified which were most significant with respect lo the
financial slatemenls. We identified the Companies Act 2006 (including associated regulalionsl, Charities
Act 2011. Charities SORP IFRS1021, Financial Reporting Standard 102. Taxation Laws and Regulations a5
being most significant lo these financial stalemenls. We communicated these identified frameworks
amongst our audit team and remained alert lo any indications of noTrGompliance thrnughoul the audlt. We
ensured that the engagement team had sufficient competence and capability to identify or recognise non-
compliance with laws and regulations.
We discussed with the management the pollcles and proGedures regarding compliance with the legal and
regulatory framework.
We assessed the susceptibility of the company's financial statement¥ to material misstatement due to non-
compliance with legal and regulatory framgwork. including how fraud might occur, by enquiry wth the
checklists. The suswtibility to such material misstatement was determined lo be low.

WISEHEIGHTS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WISEHEIGHTS LIMITED
Based on this understanding. we designed our audit PTocedures to identify noTrcompliance with the
idenlrfied legal and regulatory framewod(. which were part of our pro¢￿ureS on the related financi
statement items
Our procedures included reviewing the company's intemal controls polioes and
procedures, reviewing the minutes of board meetings and correspondence with regulatory bodies including
HM Revenue & Customs. testing transactions oulside the normal ￿Urse of the business and igurnal
entries. and discussions with the management.
Owng to the inherent limitations of an audit, there is an unavoidable nsk that we may not have delectsd some
material misstalem8nls in the financi81 statements, even though we have properly planned and performed our au(lil
in accordance wlh auditing standards. For example, the further removed nOr￿￿mplIanCÈ wrth laws and regulations
(l￿egUlaritieSI is from the events and transadions reflected in the financial stslements, the less likely the inherently
limited procedures required by auditing standards would identify it. In addition, as with any audi( there remained
higher risk of non-deleclion of irregularities, as these may involve collusion, forgery, intentional omission,
misrepresenlalions, or the override of inlemal controls. We are not responsible for preventing non-￿mplIance and
cannot be expected to detect non-compliance with all laws and regulations.
As part of an audit in accordance wlh ISAS (UKI, we exercise professlonal judgment and maintsin professional
scepticism throughout the audit. We also-
Identify and assess the risks of material misstslement of the financial slatemenls, whether due lo fraud or
error, desgn and perform audit procedures responsive to those risks, and obtain audit evidenc8 that is
Suffioenl and appropriate lo provide a basis for our opinion. The risk of not deteth.ng a material
misstatement resutting from fraud is higher than one resulting from error, as fraud may Involve collu&on.
foryery, intentional omissions, misrepresentations. or thg override of internal wntrol.
Obtain an understanding of Inlemal control relevant to the audit in order to desogn audit prO￿dureS thal are
appropriate in the ¢ir¢umstances, but mot for the purpose of expresslng an opinion on the effective￿s$ of
the company's inl&mal control.
Evaluate the appropriateness of accounting poliaes used and the reasOna￿enesS of accounting estimates
and related disclosures made by the Trustees.
Conclude on the appropriateness of the Trustees, use of the going concem ba￿S of accounting and, based
on the audit evidence obtained, whether a malarial uncertainty exists related lo events or conditions that
may cast significant doubl on the company's abillty lo continue as a going concem. If we condude that a
matsrial uncertainly exists, we are required to draw attention in our auditor's report. However. future
events or conditions may cause the company lo cease lo continue as a g￿ng Goncem.
Evaluate the overall presentation, structure and ￿ntent of the financial ststemenls, including the
disclosures. and whether the financial statements represent the underfying Iransacts'ons and events in a
manner that achieves fair presentation.
Obtain sufficiont appropriate audit evidence regarding the financk41 infomatlon of the entities or business
actfvities within the company to express an opinion on the financial slalemenls. We are responsible for the
direction, supervisHJn and performance of the company audit. We remain solely responslble for our audit
oplnlon.

WISEHEIGHTS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WISEHEIGHTS LIMITED
A fijrther description of our responsibiltiies 18 available on the Financial Reporting Council's website at.. https-.11
w.frc.org.uklauditorsrespon5ibilitie8. Thls description forms part of our audilorfs reporL
Use of our report
This report is made solely lo the charity's trustees, as a body, in accordance Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken $0 that we might stale to the chariV$ trustees
those matters we are required to slate lo them in an audrtor's report and for Dther purpose. To the fullest extent
permitted by law, we do rtol accept or assume responsibility lo anyone other than the charity and the Charity's
trustees as a body, for our audrt woth. for this report. or for the opinions we have fomed.
Moshe Broner£ohen (Senlor Statutory Auditor}
For and on behalf of Cohen Amold, Slalutory Auditor
Chartered Accountants
New Burlington House
1075 Finchley Road
London
NW11 OPU
19 January 2026
Cohen Amold is eligi￿e for appointment as auditor of the charity by virtue of 11$ eligibiltty for appointment a8 auditor
of a company under section 1212 of th& Companies Act 2006.

WISEHEIGHTS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricled
funds
2025
Unrestrlcted
funds
2024
Notss
Income from:
Investments
3,722,385
4,055,776
Totsl income
3,722.385
4,055.776
Expendlture on:
Raising fijnds
Charitable activities
487,397
3,022,233
493,060
2,659,946
Total expenditure
3,509,630
3,153,006
Nel gainslllosses) on investments
12
19,165,750)
{8,802.750}
Net •xp8nditure and movement In funds
16.952,9951
17,899.9801
Reconclllatlon of funds:
Fund balances al 1 April 2024
45.692,331
53,592,311
Fund balances at 31 March 2025
36.739,336
45,892,331
The slalement of finanaal activities Includes all gains and losses recognised in the year. All irKome and axpenditur
derive from c¢)ntinulng activities.

WISEHEIGHTS LIMITED
STATEMENT OF FINANCIAL POSITION
ASAT31 MARCH 2025
202S
2024
Notes
Flxed assgts
Tangible assets
Investments
14
15
1 5.181.831
24.865,500
15,181,831
34.031.250
40,047.331
49,213,081
Curront assets
Debtors
Cash at bank and in hand
16
498,090
186,555
437,452
226,221
684,645
663,673
Credltors: amounts falllng due wlthln
one year
18
{216,121)
1250,462}
Net current assgts
468.524
413,211
Total assèts less current Iljbilitios
40.S15,855
49,626,292
Ciedltor8: amounts falllng dut after
morethan one year
19
(3,776,519)
(3,933,￿lI
Not assets
36,739.336
45.692.331
The funds of the eharity
Unreslrided funds
20
36,739.336
45,692.331
36.739.336
45,692.331
The ¢ompany is entitled to the exemption from the audit requirement Conlalned in section 477 of the Companies Act
20Cfj, for the year ended 31st March 2024. although an audit ha$ been carrted out under Secti(￿ 144 of Ihè
Charities Act 2011.
The directors acknowtedge Ihelr responsibllitles for comptying with the requirements of the Compartes Act 2006
th respect to a￿untIng records and the preparation of finanual ststements.
These financial ststemenls have been prepared In accordan
to the small companies regime.
th the pro￿S1onS applicable to companies subject
The
nclal
atements
e approved by the tru8tees
on1
Janua
202
MrAbraham Klein
Trust
Mr Joshua Stern
Trustee
Company registration number 1939694 {England and Wales)
10-

WISEHEIGHTS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from oporntlng a¢tivltles
Cash absorbed by operations
22
(3.657,1091
{4.067.947}
Investing actlvltle8
Purchase of tangible fixed assets
Investment income received
1325,549}
4,055,776
3,722,385
Net Cash generated from Invgsting activitleg
3,722,385
3.730,227
Flnan¢lng activiiiès
RePaYM￿t of bank loans
1104,942}
152.3861
Net cash used In financing actlvltles
1104,9421
IS2,3861
Net decrease In cash and cash equlvalents
139,66ei
1390,1061
Ca$h and cash equivalents at beginning of year
226.221
616.327
Cash and cash equivalents at end of year
186,555
226,221
11

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Charlty informatlon
seheights Limited is a private company limited by guaranle8 incorporated in England and Wales. The
regislerad office 18 New Burlington House, 1075 Flnchley Road, London, NW11 OPU.
1.1 8a$ls of preparation
The financial statements have been prepared in accordance with the charity's goveming document, the
Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol
Ir¢land" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordance wlh the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" The charity is a Publi¢ Benefit Entity as defined by
FRS 102.
The financial statements are prepared in sterfing. which is the functional currency of the charity. Monetsry
amounts in these ffinancial statements are rounded to the nearest £.
The finanoal statements have been piepared under the hlstorical cost ¢onvenllon. Imodffied to include the
revaluation of freehold properties and lo include investment properties and ￿rtain financial in$trLrnents at fair
valuel. The principal accounting policies adoptgd are set out below.
1.2 Going concern
At the lime of approving the financlal slatemenls, the tru$lee3 have a reasonable expectation that the charity
has adequate resources lo continue in operational 0￿StenCe for the foreseeable future. Thus the trustees
continue to adopt the going con¢em basis of accounting in p￿paring the financial statements.
1.3 Charitsble fund$
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their Charitable
objectives.
Restricted fijnds are subject to specific conditions by donors or grantors as to how they may bo used. The
purposes and uses of the restricted funds are sel out in the notes lo the financial Ststements.
Endowrnenl fiJnds are subjed to sperAfic conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the chanty islggally enlilled to it after any perfomance conditions have been met.
the amounts can be measured reliably, and rt is probable that income will be received.
Cash donatlons are recognised on receipt. Other donations are recognised onc8 the charity has begn nolified
of the donation. unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relatlon lo donations received under GIft￿d or deeds of covènant is recognised al the lime of the donation.
Legacies are le￿gnIsed on r8ceipl or otherwise rf the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known. the K8gacy is treated as a
contingent asset.
12-

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
{Contlnuedl
1,6 Expenditure
Expenditure is recognised once there 15 a legal or constructive obli9alion lo transfer economie benefft to a
thlrd party, il is probable that a transfer of ownomic benefits wll be required in settlement, and the amount of
the obligation Can be measured reliably.
Expenditure is classified by activty. Th8 costs of each activity are made up of the lot81 of dIr￿t costs and
shared costs, induding support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocated directly to that activity. Shared costs which eontribute lo more than one advity and
support costs which are not attributable to a single activity are apporboned be￿een those activities on a basis
C¢)nsistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation tharges are allocated on the porbon of the 8sset'$ use.
1.6 Tanglblo flxed assots
Tangible fixed assets are initially measured at cost and subs¢quenlly mgasured at cost or valuation, net of
depreciation and any impalrmenl losses,
Depreualion is re¢ogni5ed so as to write off the cost or valuation of assets le$$ their residual values over their
useful lives on Ihg following bases..
Freehold land and buildings
O%-Seenot8 14
The gain or loss arising on the di8posal of an asset is datermined as the difference belween the sale proceeds
the carrying value of Ihg asset. and is rewnised in the statement of financial acb"vilie8.
1.7 Flxgd asset invostments
Fixed asset investments are Inillally measured al transaction price excluding transaCt￿n costs, and are
subsequenuy measured ?1 fair value at each reporting date. Changes in fair value are recognlsed in net
incomellexpenditur81 for the year. Transaction costs are expensed as incurred.
1.8 Impalrment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of ils tangible assets lo determine
whether there is any indication that those assets have suffered an impalmient loss. If any such indicab'on
exists, the recoverable amount of the asset is eth"maled in order to determine the extent of the imFoirment
loss Ilf any).
1.9 Ca8h and cash gqulvalents
Cash and cash equivalents include cash in hand, dep05its held al call ￿th banks, other short-lerm liquid
investmgnts wth orlglnal maluritie5 of three months or18$s. and bank overdrafis. Bank overdrafts are sh¢)wn
thin botrovMngs in current liabilitigs.
1.10 Financlal Instrumgnts
The charity has elected to apply the provisions of Secbon 11 'Basic Financial Instruments, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in th¢ charitys balance sheet when the charty become$ party to the
contractual provisions of the instrument.
Financial assets and Ilabilities are offset. with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to reallse the asset and settle the liabilty simultaneously.
13-

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Iconllnuodl
Basic financial assets
B88ic financial assets, which Indude debtors and cash and bank balances, are initially measured 8t
transaction price including transaction costs and are subsequently carried at amortised cost Using the effective
interest method unlo$$ the arrangement constrtutes a financing tr?nsaction. ¥there the transaction is
measured 81 the present value of the future receipts discounted at a mark6t rate of interest. Finanaal assets
Classifi￿ as receivable within one year are not amortis¢d.
Baslc financial liabllitios
Basic financial liabilities, including ereditors and bank loans are initially recognised at transaction price unles$
the arrangement conslilules a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted 8t a markgl rate of interest. Finanryal li8bililies dassified as payable
thin one year are not amortised.
Debt instruments are subsequgntly tsrried at amortised c05t, using the effective interest rate method.
Trade credilors are obligations lo pay for goods or seryices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised inf(i8lly at
transaction pru and subs8quently measured al amortised cost using the effective interest method.
Derecognition of financlal Ilabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
ancelled.
1.11 Employee benefrts
The cost of any unused holiday enliuement is recognised in the perfod in which the employee's services are
received.
Temiination benefits are recognised immediately as an exponse when the charty is demonstrably Commlited
to terniinate the employment of an employ89 or lo provide lemiination benefits.
1.12 A¢qui51tions and dlsposals of property
Acquislllons and disposals of property are considorgd lo have taken place at the date of legal completion and
are included in the financial statements accordingly.
Critical accountlng estlmates and judgements
In the application of the charity's accounting poli¢ie5. the trustees are required lo make judgements, estimates
and assumptions about the carying amount of assets and liabilib'es that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical 8xperience and other factors that
are considered to be ￿levant. Actual re8uts may differ from these eslimates.
The estimates and underlying assumption$ are reviewed on an orbgoing basis. Revisions to accounting
estimates are re¢ognised in the period in which the estimate is revised where the revision affects cnly that
period, or in the period of the revislon and future period8 where the revision affects both Current and future
periods.
14-

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Incomo from Investments
Unr9strlctèd UnrestrlGted
fundg
funds
2025
2024
Rental inc¢)me
Income from listed investments
1,060,385
2.662,000
909,776
3.146.000
3,722,385
4,055.776
Expgnditure on ralslng funds
Unrestrlcted Unrestricled
funds
funds
2025
2024
Property expenses
Mortgage Interest
Finance costs
176,236
299,757
11,404
181,380
309,956
21,724
Total costs
487,397
493,060
Expendlture on charltable actlvltles
Unrestrlctsd Unrostrlctèd
funds
funds
2025
2024
Dlrect ¢o$ts
Provision of functional property (see note 6)
300,000
275,000
Grant fvnding of activibes (see note 7}
2.699,900
2.368.700
Share of 8UPPOrt and governanco costs (509 note 8)
Support
Govgman
2,085
20,248
2,411
13.835
3,022,233
2,659,946
Analysls by fund
Unrestricted funds
3,022,233
2,659,946
15-

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Prov181on of fundlonal property
Unrestricted funds
This repre8enls rent paid on a buildiThJ whlch Ihls charty then allows a school lo 0￿UpY. rent tree. The rent Is
paid lo The Palmtree Foundation Tru$l and the sch￿1 is Bei$ Ruchel D'satmar London Llmited. both of vthich
have a common trustee wlh Wseheighls Limited.
16-

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Grants payablg
Unrestricted
funds
2025
Grant8 10 instiiutions-.
Amud Hachgsed Trust
The Beth Hamedrash Salmar Trust
Ba￿S Lepleitos
Bikur Cholim Limited
C8nvey Kehilla Ltd
Chevras Mo'oz Ladol
Chasdei Moishe Trust
Chasdei Yoel Charitable Trust
Collel Chibath Yerushalayim
Congregation Vyoel Moshe D'satmar Charitable Tmst
Ezer Bekovoid Limited
Friends of Mosdos Torah Veyirah
Friends of Wiznit2 Limited
Friends of Yeshiva Luzern
Gateshead Talmudical College
Hachzokas Torah Vechesed Charity
Kehal Yetev Lev
Kyl Central Shul Trust
Live and Leam
Mars Org Ltd
Meirim Illuminating Ltd
Mesifta Talmudical College
Reb Shayale's Tzeduke
Revach Vehazola Trust
Salmar Nursery Trust
Talmud Torah Education Limited
Tehilois Yoel
Tomchim
The New Rachmislrivke Synagogue Trust
The Unlon of Orthodox Hebrew Congregations
United Talmudical Associates Ltd
UTRY
VHLT Ltd
Vyoel Moshe Charitable Trust
Wlodowa Rehaknlilation Trust
Satmar Seminary
Yetev Lev Jerusalem Tnjst
YGS Yeshiva Gedola Seminar
Yeshiva Gedoila Torah Veylrah Seven Oaks Llmited
40,000
40.000
15.000
18,000
70,000
67,500
13.000
15.000
50,000
43,000
35.000
13.000
15.000
15,000
15,500
12,500
47,000
40,000
15,000
22,000
17,500
15,000
12,500
15.000
15,000
20,000
12.000
11.100
12,500
12,000
900,000
40.000
15,000
25.000
16,000
22,500
95.000
25,000
45,000
other Grants under £11K
772,300
2,699,900
17-

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to aG￿vItIeS
Unrestrlcted
funds
2025
Total
2024
Bank charges
Sundry office expenses
Governance
211
1,874
20,248
283
2.128
13,835
22,333
16.246
2026
2024
Governanco Gosts comprise:
Audit fees
Accountancy
Legal and prOfes￿Onal
8,180
9.000
3,088
4.800
8.000
1.035
20,248
13,835
Net movement in funds
2025
2024
The nel movement in funds is slated after chargingll¢￿drting)'.
Fee$ payable for the audit of the charity's financlal statements
8.160
4.800
10 Trustees
Nonè of the trustees lor any persons connectsd with Iheml received any remunerallon or benefits from the
harily during the year.
11 Employees
The average monthly number of employees during the year was:
2025
Number
2024
Numbèr
Totsl
There were no employees whose annual remuneration was more than £eO,000.
18-

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Galn8 and losses on Investments
Unreglrlcted Unr•strlcted
lund$
funds
2025
2024
Gainslllossesl arising on..
Revaluation of investments
19.165,7501 18,802,750}
13 Taxatlon
The charity is exempt from taxation on fis activili8s beeause all ils income is applled for charitable purposes.
14 Tangiblo fixed assets
Froehold land
and lyJlldlng$
Cost
At 1 April 2024
15.181.831
Al 31 March 2025
15.181,831
Carrylng amount
Al 31 March 2025
15,181.831
Al 31 March 2024
15,181.831
The charty's freehold land and buildings arg recorded and carried at cost as Ihey represent propertles
acquired for functional use.
The principal building is provldetl for use as a communal synagogue wllh various other pro￿rtieS being
ulllised for educational and religious purposes. Over the years, the Charity has acquired properties suitable
for functional use lo provide for spare capacty when the need arises. Those buildings not currently required
for immediate funclional use are rented out on short lemi lets lo provirJe the eharity wth an addilK)nal sou
of income.
19-

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
15 Flxed asset Invgslrnents
Llsted
Investments
Cost or valuatlon
At 1 April 2024
Valuation changes
34,031,250
19,165,750)
At 31 March 2025
24,865,500
Carrylng amount
At 31 March 2025
24,865,500
At 31 March 2024
34,031,250
Flxed asset investments revalued
The listed investments comprise ordlnary shares held in S & U Plc. representing 19.￿ of that comFdny's
issued share capital. The cost attributed to this shareholding is £6.993,800 being its mi¢tharket value at the
dats on which the shares were gifted to this charity.
The value of the holding, based on the Stock Exchange daily listing, for the 31st March 2025. was
£33,154,000. However, as in previous years, it is not conwdered that this Is an accurate rellection of ils
realisable value due to the exislonce of other substantial shareholders and the thin market in which the shares
are traded. The trustees have been advised that, given Ih&%e arcumstances, it would not be inappropriats to
apply a 25% discount lo the market value and the finanryal statements have b¢en drafted on this basis.
The Gharity has nelther control r￿r dominant influence over the operation and finandal poliues of S & U PIC
and has no board representation.
16 Debtors
2025
2024
Amounts falllng due wlthln one year:
Trade debtors
Other debtors
Prepayments and accrued income
386,585
44.193
67,312
375,869
55.597
5,986
498.090
437,452
17 Loans and ovordrafts
2025
2024
Bank loans
3,881,419
3,986,361
Payable within one year
Payable after one year
104,900
3,776.519
52,400
3,933,961
-20-

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Loans and overdrafts
{Contlnuod
The long-temi loans are secured by fixed charges over its tsngible fixed assets. incur interest at variable rates
over Unity Trust Bank's Base r81e and are repayable during September 2027 and January 2029.
18 Gredltors: amounts falllng duo wlthln one year
2025
2024
Notes
Bank loans
Trade creditcfs
Other creditors
17
104,900
36,000
75.221
52,400
132,500
65,562
216,121
2SO,462
19 Credltors: amounts falling due after more than one year
2025
2024
Notes
Bank loans
17
3.776,519
3,933,961
20 Unrestrfctsd funds
The unreslriGled fvnds of the charty wmprise the unexpended balances of listed investment and net rentsl
income which are not subject lo specific conditOon8 as to how they may be used.
At 1 Aprll
2024
Incomlng RgsourGes
sources
expgnded
Galns and At31 March
losses
2025
General unrestricted fund8
Revaluation reserve
18,654.881
27,037,450
3,722,385
13.509,6301
18.867,836
(9,165,750) 17,871,700
45,692,331
3,722,385
13,509.6301 {9,165.750} 36,739,336
Provlous year:
At 1 Aprll
2023
Incoming Rosources
resources
expanded
Galns and At 31 March
losses
2024
General unrestricted fvnds
Revaluation reserve
17,752,111
35,840,200
4,055.776
{3,153,006}
18.654,881
18,802,750) 27.037,450
53.592.311
4,055.776
{3,153,006) 18.802,7501 45,692.331
21 Related party transactions
21

WISEHEIGHTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21 Reknited party transactlons
{Continuedl
Transactlons wlth related partlas
During the year the charity entered into the following transactions with related parties-.
The following donations were paid to UK registered charities that have common trustees or ￿nnectionS wth
Ihe trustees of Vlfiseheights Limited." The Beth Hamedrash Salmar Trust £40,000 (2024.. £13,000).
22 Cash absorbed by operatlons
2026
2024
Deficit for the year
18.952,995) 17,899,980)
Adjustments for:
Investment incom8 r￿Qgnised in statement of finanaal activities
Fair value gains and losses on Investments
13,722,385) {4,055,776}
9,165,750
8,802,750
Movements In worklng capltsl:
(Increaselldecrease in debtors
(Decrease) in creditors
(60,6381
(88.8411
31,577
{946.5181
Cash absorbed by operatlons
{3.657,1091 {4,067.947)
23 Analysls of changes In net Idpbt)Ilunds
At l Aprfjl 2024
Cash flowsAI 31 March 2025
Cash at bank and in hand
226,221
(39,6661
186.555
Loans falling due within one year
Loans falling due after more than one year
152,4001
{3.933.9611
(52.5001
157,442
{104,9001
13,776,519)
{3,780,1401
65,276
13,694,864)
-22-