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2022-04-05-accounts

Charfty regl8tratlon nUM￿r 297664 LOFTUS CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

LOFTUS CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru¥t••s R. l. Lofius A. L. Loftus A. D. Loftus Charfty number 297664 Prln¢lpal address 2nd Floor 55 Blandford Street London W1U7HW Auditor Gravita11 LLP 30 City Road London EC1Y2AB

LOFTUS CHARITABLE TRUST CONTENTS Page Trustees, T9POrt statement of Tru¥lees' responsibil￿e8 Independent auditorfs report statement of financial activities Balance sheel Notes lo finanryal statements 10-17

LOFTUS CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2022 The Trustees pie$ent their annual repjrt and finandal stslements for the year ended S April 2￿22. The finantyal $talemÈnts have beén prepared in acwrdance wilh the accounting polides s&1 out Sn note 1 to the financial statements and compty wilh the charity's Iru$l deed, th8 Charities Act 2011 and 'A¢¢ounting and Reporting by Charities.. Slatemgnt of Recommended Pra¢ti¢e applicable to charit￿S preparing their actounts in accordance with the Financial R¢porti)g Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for awunling periods commèn(#ng from l January 2016) Con$titution The Trusl is an unin¢orpordted body, conslitLrted under a revocable trust deed dated September 1987 and is B registered tharity, number 297664. Mothod ofappolnknont w electlon of tru$t• The names oflhe trustees who acled for the year arè set oul on page 3. The management of the ch8rty 1$ thè responsibility of the Trustees. The Tru$lee8 meet on an ad-ho¢ basi$ lo eonsldèr issues. The day-lTrday managemènt of the charity 15 rarried out by Mr. A. L. Loftus. All Iruslees are regularfy provided with relevant newsletters and technical subscriptions and a￿ notified of changes in 9ovemance pUb￿'Shed on the Charity Comrnis3ion's wgbsile which Ih8y are encouraged Its wsll. The Trust Deed provide8 for a minimum of 3 trustees but does not prO￿de for a maximum number. Néw Trustees may be appointed by a decision of the existing Trustees. 11 is TWI Ihe intention of the twslees of Ih• charity to appoint any new trustees for the forÈse8able future. Shoukj the sttualion change in future, the trustees wlll apply Suitable recrurfment, indudion and Iralnlng prKedures. The existing trUs￿S have héld office for over 10 years. Publi¢ bon•fit Th8 Trustees have complipd wtth their duty under Ihe Charitiès Act 2011 to have due regaid lo Ihe guidance published by the Charity Comtni8sion. The benefft lo the publK Is manrfg$Uy demonstrated by the 8ctivilies and achiovem¢nts contained in thi5 rep(irt. Key managem•nt prnonnel renwnerntion The Trustees consider the board of Trustees as comprising the key management personn¢l of the charity in charge of directing and Controlling the charity and running and operating the charity on a day lo day basis. All Trust88s give of their lime freely and no Trustee remunerab.on or expèns8s were paid in the year. Objectly￿ and A¢llvltle8 the advancement of the Jewish religiort., the advancement of J￿ish 8ducalion and the edu¢*ion ofJewish people- and the relief of the Jthwsh poor. Thesè obi8CtiV85 are met by making 9ranls to other charities ty)erating in these fields. Procedures and pollcy for grant making The Iruslees meet wularty to consider what grants they wll make and lo review any feédback they have received. Nominations for grants are elicited by formal and informal means. The iru$leès travd widety in the UK and abroad and use knowl8dge gainad to support the obj'ects Of the Trust and lo inform grant making. Though thè trustees make some grants wtth no fomial application, they nomially ask or invite otgani$8tions to submi(8 formal application saying how the fvnds would be used and what would b¢ achieved. The IrusÈes have a poliey, which bs communicated to all benefi(i8riès, that they make grants with no 9uapnlees of future funding. The Iruslees seek feedba¢k on the actual use of the granls glvgn and the achievements made. The 8xplanalions ond feedbad( received are suffici￿1 for monitoring the qualtty of the grants rnade.

LOFTUS CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Achi•v•m•nts and perfomiance of the trn$t During Ihg year the Trust maile grants of £624,94812021.. £616,25n. Details of all thè grants made ars given in note S. Golng con￿r￿ After making appropriate enqu￿¢$, the Trustees have a reasonable expectation that the charity has adequate resourt*s trj continue in operatitrnal existence for the forèseèable fLrtwe. For this reason they continue to adopt the going concam basis ￿ preparing the finanThal slalements. Further details regarding the adopth'on ol the gomig C4)nceTn basis can be found in theAe¢ounting Policies. FlnanGlal revlew. Inv¢$lm•nt policy and reBeTve¥ Receipts from voluntary donallons Including gift aid in the year waré £389.61112021.. £281.2501. The nel defial for th8 year was £195.207 {2021'. £193.0511. The total grants given in the yÉAr were £624,948 12021.. £616,257). Re8er•e policy The trustees, aim is to maintain free resenms in unrestricted funds at a level that will prowdp sufficient funds to respond to applications for grants arml ensUlO that there are suffiaent funds available to cover SUFPOrt and goverrnan￿ costs. At the end of the finanaal year Unrestr￿ed reserves wère £4.114.775. The adequ8¢y of the reseThes policy is reviewed annually. Plans for the future The trustees intend lo continuè providing grants in a simlar way to the re¢enl past ex>nlinuing the emphasis on three areas of giving but retaining Ilexibilily as to the liming. and scale of grant making. Prlncipal risk¥ •nd unc•rtalntles The trustees have con5idgi¢d Ihe major risks lo which the Trust is exposed and established 5y$lems to mitigate them. Thè Trustees have been aware of the charity's dependence on the Twslees own Imne and engr9ies and voluntary donations.

LOFTUS CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2022 Structure, gov•rnanc• and management The Trustees who served during the ygar and up lo the dale of signatur8 of the finanaal sLitements w¢re.' R. l. Loftus A. L. Loftus A. D. Loftus The Trustees. roportwas approved by the Board ofTiusl¢es. D. Loftul Trustee Dated.. l.l.: Oq:.&ti

LOFTUS CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2022 The Trustees are resptsnsible for preparing IhÈ Truste8s' Report and the financial ststements in a￿OrdanCe with applicable law and United Kingdorn Accounllng Sl8ndards (United Kingdom Generally Accepted Accounting Practice). The law applicable to tharthe5 in England and Wales requi￿$ the Trustees to prepare financial $laternentg for each finan(#81 yèar which give a true and fair vwl of the state of affairs of the charity and of Ihe incoming resourcgs and applieation ol ￿sOUrC9S of Ihe charity forlhat year. In preparing theBe finan(xal stBtemenl$, the Trustees are required lo.. - select suitable accounting pcAieies and then appty Ihern ¢onsistentty', - obseN8 the m8lhods and principles in the Charities SORP: makejudgemenls and eslimales that arè reasonable and prudent- stale ￿ether appli¢able aecounling standards have been followed, subje¢t lo any material departures disclosed and explained in the finaneial statements., and prepar8 th8 financial slalernpwts on the going concern basis unlass it 1$ inappropriate lo presume Ihal the charity will eonthnue in operation. The TTuslees are responsible for keeping sufficient accounting record$ th81 discb)se wrth reasonable actxjraey at any time the finan¢ial posthon of the charity and enable them to ensu￿ that the financial statements ¢omply vjith thè Charities Act 2011, the Charity (Accounts and Reports) Regulalion5 2008 and IhÈ prowsions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for tskin9 ￿asonable steps for the prevention and detection of fraud and olher irregu18ritses.

LOFTUS CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LOFTUS CHARITABLE TRUST

Opinion

We have audited the financial statements of Loftus Charitable Trust (the ‘charity’) for the year ended 5 April 2022 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting 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, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. However, because not all future events or conditions can be predicted this statement is not a guarantee as to the charity’s ability to continue as a going concern.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

LOFTUS CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LOFTUS CHARITABLE TRUST

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's 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. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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 in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

LOFTUS CHARITABLE TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LOFTUS CHARITABLE TRUST

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment by for example forgery, or intentional misrepresentation or through collusion. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing noncompliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Gravita II LLP

Gravita II LLP .........................27 Sep 2023 Chartered Accountants Statutory Auditor 30 City Road London EC1Y 2AB

Gravita II LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

LOFTUS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2022 Unrèstri¢t¢d Rostri¢tsd fund$ fvnd$ 2022 2022 Totsl Tolal 2022 2021 Not•s Donations and leg*9 Investments 341,250 95,324 48,361 389,611 95,324 281,250 29,166 Total In¢ome 436,574 48,361 484,935 310,416 Charitable 8Ctiwlies 586.039 48.177 834,216 621,843 Nel gainsl(losses} on Investments {45,926} 145,926} 118,376 Net movement In fijnds 1195,391) 184 1195,2071 (193,0511 Fund balan¢es at S April 2021 4.310.166 1.250 4.311,416 4,504,467 Fund b918n¢￿ at 5 April 2022 4,114,775 1,434 4,116.209 4,311,416 The glatemenl of financial acb'vities indudes all gains and losses recognised in the year. All income and expenditure derive from ¢ontinuing actiwlie$.

LOFTUS CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2022 2022 2021 Notes Fixed #￿ets Inveslmènts 11 3,545,325 3,849,304 Current a5$•ts Debt￿5 Cash at bank and in hand 12 7.514 589.380 98,825 389,298 5%.894 488,123 Creditorn: *mounts lallln9 due wlthin one y•ar 13 126.0101 {26,011} Net cur￿n¢ assets 570.884 462.112 Total assets1o$$ eurr•nt liabiliti•s 4.116,209 4.311,416 In¢ome fvnds Restricted funds Unrestricted funds 14 1.434 4,114,775 1,250 4.310,166 4,116,209 4.311,416 effina ments were approved by the Trustees on ..1.￿. o%...ko2 R. l. Loftus Tru¥ts¢ A. D. Loftus Tru$t

LOFTUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Acco¥untlng poli¢1 Charlty Information Loftu5 Charitable Twst is a charitable trust. 1.1 AecGunting convention The finan¢i81 slatèmettts have been prepared in accordance whh the ¢harity's goveming document. the Charities Act 2011 and "A¢¢ounting and Reptsrting by Charities= Stslement of Re¢ommènded Practice applicable lo charitie5 preparing their 8¢¢ounts in aeaordance with the Financ¢al Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021° las amended for 8¢¢ounting periods commenting from 1 January 20161. The charity is a Public Benefit Enttty as defined by FRS 102. The ¢hanty has taken advantage of the promsions in the SORP for chariti8s applwng FRS 102 Upd BLdletin 1 not lo P￿pare a Statement of Cash Fl¢)ws. The fmancAal slalemenls have departed from the Charities (Accounts and Reports) Regulations 2008 only to the ext8nt required lo provide a true and fair wew. This departure has involved following the Statement of Rècommended Practice for charities applying FRS 102 rather than the version of the Statement of Recornrn¢tyJed Practice whith is ref•rr8d lo in the Regulalions but whKh has since begn withdrawn. The financial slalements aré prepared in sleding, whtch is the fvn¢tion81 currancy of the ¢harity. Monetsry amounts in these finanaal statements ale roun(kd lo the nearegl £. The financial statements have been prepared vndÈr thè historul cost wnvention, The prindpal accounting ptsliciès adopled are set out below. 1.2 Going concem Al the tim8 of approving the finan¢tal statements. the Tiustees have a reasonable expectation that the charity has adequate resources to conts.nue in operational existence for the foreseeable futurÉ. Thus the Tr￿teas continue to adopt the going concem basis of accounting in prepariny the financAal st8lèmenls. 1.3 Choritsblè funds Unrestricted funds are avallable for use at the discretion of the Truslees in furthtrran￿ of their charitable obpdives. Restricted fvnds are subject lo sp￿1￿C conditions by thnors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the fin8naal statements. Endowment funds are subffied to specific cond￿On8 by donors that the capital musl be maintsined ty the ¢h3rity. 1.4 In¢omo Donations, legatyes and other forms of voluntsry in￿rne are recognised on receipt or when entrfement to r¢eipl is probable and the amount can be reliabty valued. The value of semces providpd by the trustees has not b￿n included in these accounts. 10-

LOFTUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Aceounting polici•s Icontlnuedl 1.5 ExpÈndlturÉ Expenditure is recogni$ed onc@ them is a legal or constructive oblwJatKin to make a payment to 8 Ihird pty, il is probable that settlement w511 be required and the amount of the obligation can be measured reliabty. Expenditura on charitable activ￿e5 in¢lud¢$ the costs of the delivery of its aciivities and 8eM¢es for its bènèficiaries. Grants payable are made to third parties in furiherance of the ¢harity'$ obje¢ts. Governar￿9 ¢o$ts comprise al cost5 involving public accountabilrty of the ¢hanty and its compllance wlth regulation and good practi￿. These ctssl$ indude costs related to statulcry aLKlil. lThecoverable VAT 1$ charyad as a cost against the aclivf(y for whi(th the expèndiéure was incurrod. Fund a¢¢ounting Unrestricted funds arè available lo spend on activ((ies that further any of the oblectlves of the Charity. Restricted funds are 5ubj$¢t to speafic conditions by dcA)ors as to how they may be used. The wrposes and usas of the reslricled fvnd8 are set out in the notes lo the ac￿￿Thts. 1.8 Fix•d asset Investments Frxed asset invèstments are initially measured at transaction piice excluding transaction cos18, and are subsequently measured al fair value at each reporting date. Changes in fair value ar¥ I¢￿gnIsed in nel incornel{expendllurel for the year. Transaction costs are expènsed as incurred. 1.7 Cash and ¢￿h èqulval•nts Cash and ¢ash equivalents indude ¢8sh in hand and deposit5 held al call with b8nks. 1.8 Flnancial instrumènts The chaTty has elected lo appty the prow$ions of Section 11 'Ba5ic Financial Instruments, ol FRS 102 to all ol its financial instwmenls. Financial in$trumenls are recognised in the charitys bala￿ sheet when the Charity bÈcomas party to the ¢onlractual provisions of the insirumenl. Financial assets and liabilities are offset. with the nel amounts presented in the finanrAal 8ts1ements, when ther8 is a legally enforceable right to set off the recognised amounts and I￿re is an intention lo $8tt18 on a net basis or to realise the asset 8nd sèttl8 thè liability simutsneously. B451c finan¢i•l assets Basic financAal assets, which indude debtors and Cash and bank balanoes, are initially measur•d at trans8clSon price induding tran$8¢tion eosts and are subsequently caTried at amortised cost using the effective intere51 method unless the 8rr8ngemènt constitutes a financing transa¢tM)n, where the transadion is meaSU￿d al the present value Of the future rèceipts discounted al a market r8tè of int8r•st. Finan(yal assels da68ified 8$ récèivable within one year are not amortised. Dereco911ition olllnan¢lal as$•ts Financial assets are derecognised only ￿en Iho ¢ontracbJal rights lo the cash flows ftom the asset expire or are settled. or when the chanty transfers the financial asset and subsianlially all Ihe risks and rewariJ$ of ownership to attttt￿r éntity, or rf some signtficanl risks and rewards of ownership are retained but control of the asset has transferred to another party that is able lo sèll the assét in it5 entirety lo an unielaled third paty. 11

LOFTUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 ¢ounting pollci•s Icondnupdl Basic fmaneial Ilablllti Basic financial liabil￿e$, includlng credRors and bank bans are In￿alty recogni5ed at transaction pric* unlèss the arrangement constitutes a financing transacton, where the debt instrument 16 measured at Ihe present value of Ihe firture payments discounted at 8 marf(•t rate of interest. Flnanual h'abilities dassifi&d as payable thin one year are not amortised. Dobl Sn$lruments are Subsequènt￿ carried al amortised cost, using the effective inter8st rate method. Trado creditors are obligaions to pay for goods or seTwces that have been acquired in th¥ ordin￿Y ¢ourse ol operation$ from suppliers. Amounts payable are dassified as currènt liabilities rf payrnenl is due within one year or les$. If not, they are presented as non-current liabilities. Trade ¢reditors are re¢ognis8d initially at transaction price and subsequently me8$ured at amortised cost using the effective interest mèthod. Dereeognltlon of Ilnanci•l li•bHltles Finanual liabilities are d8recognised when the Charity's contractual oblig&tifJn$ expire or are discharged or cancelled. Donatlons and l•gacles Unrestrkted Ro$trletsd lund$ funds Total Totsl 2022 2022 2022 2021 Donations and gift5 341.250 48,361 389.611 281.250 For the ￿ar ond•d S April 2021 281.250 281.250 InveBtm$nts Unrestri¢led funds Total 2022 2019 Dividend In¢ome Interest receivable 95,299 25 29,166 95,324 29,166 12-

LOFTUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Charllable activiti•s 2022 2021 Religious organisatlons Education Relief of pov¥rty and ill health Olhèr causes Govemance and support costs 107,106 267,352 208,890 41,600 9,268 87,428 307,170 187,160 34,499 5,586 634,216 621,843 634,216 621,843 Anatysls by lund Unrestricted fijnds Reslricled funds 586,039 48,177 $82,882 38.961 634.216 621,843 Analysi$ of grants made to Instltutlons Grants made to inslitutivns w¢re a material part of the tofal ÈxpeThJiture by the Tru3t. The major grant$ were as fdlows.. ZQ22 2021 Unrnstri¢ted funds: Rollglous eryanisation Chabad Lubavilch UK Jewish Leadership Council United Synagogue Gr8nts18ss than £10.000 each 16,750 9,665 22,052 58,929 58,929 48.467 13-

LOFTUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 5APRIL 2022 Analy81s of grdnts mado to Instltutlons lcontlnu￿j Edu￿tion Jewish Sthool Network Kisharon Chab￿1 of Hamp$lead Gardon Subu Camp Simth2 Nightingale Hammerson British Friends of Jaffa Institute UK Fiiends Of IDC Hèrzliya lrnrnanu¢l Ctsllege UJIA The Work Avenue Found81ion Gr￿15 less than £10,000 each 14.065 35,000 32,000 16,600 100,000 38.333 101,500 160,420 9.250 10,000 10,000 10,000 11.353 26.000 267.352 307.170 Relief of pgv•rty and 111￿eal1h Belt Halocham UK Camp Simtha Chai Cancer Care Jewish Ca N¢ve Mi¢hael Charitable Trust NoThvood Tikva Work Avenug Foundation Grants less than £10,000 each 10,000 10,000 15,000 12.500 30,000 10,000 20.000 15,000 10,000 64.860 12,500 30.0(XI 10,000 2Q,OQO 86,390 208,890 187.160 Other ¢au$o$ UK Frfend$ ofAWS CST Henry Jad(son Souety Grant5 le&5 than £10.0￿ each 7,000 25,IX)O 25,000 12.500 4,100 2,499 41,600 34,499 Total Unr•5tr1ct￿ fund¥ 576,771 577,296 Restrlcted fvnd$: R•liglous oryanisation Cambridge Project 48,177 38,961 Total restrl¢tsd funds 48,177 38,961 14-

LOFTUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Audltorfs remuneration Fees payabl• to the charlty% auditor and associates: 2022 2021 Audtt of the ¢h8ritys annual accounts 6.000 6,(￿0 Non4udit Sorvi¢es All other non-audit servKes 3,150 Trustses None of Trustees lor any peTsofbS connected with them) re¢eNed any remun&ration or ben&fil$ fr(Nn tha tharity during the year. Employ••s There wère no empbyees during the year. N•t galnslUo8sesl on investments Unrestri¢led Unrestricted funds funds 2022 2021 Revaluat￿￿ of investments 14S,9261 118,376 10 Taxation The charity is exempt from tax on ￿(X)rne aNI gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxalionol Chargeable Gains Act 1992 to the extent that these are applied to ils charitable objects. 15-

LOFTUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 11 Flxed asset inv•stments Llsted UnllstBd inve$tmènts investmerrts Totsl Cost or valuation At 6 April 2021 valu8lKJn thanges Di$ptssals 2.649,304 (118,67CI) 1,200,000 72,744 1258.0531 3.849,304 145,926) {258.053) At 5 April 2022 2.530,634 1,014,691 3.545,325 C•rylng amount Al 05 April 2022 2.530,634 1,014,691 3,545,325 Al 05 April 2021 2.649,304 1,21)0,000 3.849.304 Flxed asset inv•$tmonts revalued The fair valu8s of listed investments thal are traded In active markets are based on prices obtaI￿d dTe¢tty frorn an exchange on which the instruments are traded. 12 O•btors 2022 2021 Amounts falllng du• wlthln one year: Other debtors Prepaymants and accrued in¢omg 201 7,313 52,575 48.250 7,514 98,825 13 Creditors: amounts falling due wlthin on¢ year 2022 2021 Other creditors A¢¢nJ818 and dèferred income 14.011 11,999 14,011 12,000 26,010 26.011 16-

LOFTUS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2022 14 R•striGt•d funds The income funds of the charity includa rastricted funds comprt$ing the following unexpended balw￿S of donations and granis held on trust for speafic purposes.. Mov•ment In fund$ Incomlng Rosourt•8 B•l•nce al oxpgnd•d SAprl 2012 Balon¢¥ at 6Aprtl 2010 RoBourrns •xwnd•d Trahtsfam Balar￿al 6Aprll 2021 Cambridge Project 28,211 {38,961> 12,000 1,250 48,361 148,177} 1.434 Cambridge Project is being und8rtak8n for the rejuvenation and ¢xtension of the exislng Cambridge Synagogue and Jewish Community Centr8 and the Charity is funding ¢ertsin aspects of the project. 16 Anatysis of nèt assèts betw•on funds Unr•strlcted ReBtri¢t•d fund8 fund$ 2022 2022 Total Tcltal 2022 2021 Fund balances al 5April 2022 are represented by.. Investments Current assetsJlliablili8sI 3.545,325 569.450 3.545,325 3.849,304 570,884 482,112 1.434 4.114.775 1,434 4,116,209 4.311,416 16 Related party transaetlons Dona1ions include amounts from trustees of £293,43712021 £220,iKJO}. Grants made include amounts lo tharilies which share 8 twstee in common with the charity £35,00012021'. £160,420) Al the balan￿ Sheet date £14,011 12021 £14,011) was owned to a company ¢ontrolled by the Iwstees. 17-

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