Charlty rogl$trdtlon number 297664
LOFTUS CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

LOFTUS CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
R. l. Loftus
A. L. Loftus
A. D. Loftus
CharSty number
297664
PAnclpal addr•$s
2nd Floor
55 Blandford Strepl
London
W1U7HW
Auditor
Gravtt811 LLP
30 City Road
London
EC1Y 2AB

LOFTUS CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2023
Th& Trustees present their annual report and financial slalemenls f¢r the yèar ènd8d 5April 2023.
The finan¢ial statements have been prepared in accordance wilh the accounting polici?5 set out in note I lo the
finanual statements and comply with thè charity's trust deed, the charl￿e5 Act 2011 and "Account¢ng and
Reporting by Charities.. Stalemem of RecommerKled Pra¢ti¢o applicable lo charities prepgring their actounls in
accordance with the Financial Reporting Standard appli¢atAe in the UK and Republic of Ireland IFRS 102}. {as
amended for accounting periods COMMer￿ng from 1 January 20161
Constitution
The Twvsl is an unincorporated body. con$liluled under a revocable trust deed dated Soplember 1987 and is
a iegistered d)arity, number 297664.
Method of appointment or el•etion ol truste09
Th8 names of the Iruslees who acted for the year are set out on page 3.
The managetnenl ol the charty is the responsibilty of Trustees.
The Trustees meet owi 8n 8ikhoe basis to consider issues. The day4Trday management of the charity is carried
out by Mr. A. L. Loftus. All IrustèÈS are règularly provided with relevant newsletters and technical sub5UiPtions
and are notified of changes In goveman¢9 published on the Chartty Commission's websit8 which they are
encouraged to visit.
The Trust Deed piowdes for a minimurn of 3 Iru$lÈÈs but does not provide for a maximum number. NewTmslees
may be appointed by a decision of the e￿$tIng Trustèes. It is not the intention of Ihe trustees of th& charity to
appoint any new trustèès for the foreseeable future. Should 5ilualion change in future, the trustèès wil apply
suitable recruitment, induction and training procedures. The exi51ing trustees have held Offi￿ for over 10 year$.
Publlc bon•fit
The Trustees havg ￿mplIed with their duty under the Charitiès Act 2011 to have due regard lu the guidan
published by the Charity Commission. The benefit lo the publlc Is manrfeslly demonstrated by the a¢fvities and
achievements contained in this report.
Key management pgrnonnel remunerntlon
The TriJst8•s consider the board of Twstees as ¢omprising the key management personnel of the charity in
Charge of (lireding and controlling the chgrity and running and operating the charity on a day lo day basis. All
Trustees give of their lime freety and no Trustee remunèration or oxpenses were paid in the year.
Oblectlves and Activitiè$
the advancgment of the Jewish relig10ll',
the advancemenl of Jewish educath'on arhd the education of Jewish people,. and
the roligf of the Jewish poor.
These objectives are met by maknng grants to other ¢h8rilles operallng In these field&
Procedures and polley for grant maklng
The trusta•s meet regularty to consider what grants they will make and to revlew any leedback they have
received. Nominations for grants are elicited by formal and informal means. The Iru51ees Itavel widdy in the UK
and abroad and us¢ knowledge gained lo suprx)rt thè objècts of the Trust and lo inforn grant making.
TIK)ugh the Iruslees make somè grants with no fomial application, they normally ask or invite organisations trj
submit a fomial appli¢ation saying how the funds would be used and what would be achieved. The Irus*es have
policy. which is communicaled lo all benefi¢iaries, that they make grants with no guarante8s of future fundin9.
The trustèes seek feedback on the actual use of the grants given and the achievements made. The explanations
and feedbask ￿ceiVed are sufficient for monitoring the quality of the 9rants made.

LOFTUS CHARITABLE TRUST
CONTENTS
Pag•
Trustees. report
Slalement of Trustees, responsibilities
Independent auditorfs report
Slalement of financial activrfes
Balance sheet
Notes lo the finan￿31 statements
10-17

LOFTUS CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5APRIL 2023
A¢hlevements and perfomiane• of th• trust
Durin9 the year the Trust made grants of £449,03512022'. £624,948). Detsil$ of all the grants made are given in
note 5.
Going concern
After making appropriate enquiries, Ihe TrLJSt•8s have a reasonable expectation that the charity has adequat8
resources to continue in operational existence foi the foreseeable future. For this reason th8y continue lo adopt
the going coneÈrn basis in preparing the fvancial stsl¢ments. Further details reg8rding thè adoption of the going
concern basis can bè found in the Accounting Policies.
Flnancial r•vi•w. inveslment poli¢y and reserves
Recei)15 from voluntary donations induding gift aid in the year were £437,50012022.' £389,611).
The net deficit for the year was £277,460 12022.. £195,207). The lotsl grants given in the year were £449,035
{2022'. £624,948).
Rosorvè polley
Th8 trustees, aim is lo maintsin free reseNes in Unrestric￿ funds at a level that will prowde sufficient fvnds to
respond to app￿.cationS for gr8nts and ensure that the￿ are suffi¢ignl fvnds available to ¢over support and
govemance cosls.
At the end of the financAal year unrestricted reseNes were £3.818,263. The adÈquacy of the reserve8 policy is
reviewed annually.
Plans for th• future
The Iwustees intend to conlinue providing grants in a similar way to the recent p8sI contiiuing the emphasis on
three areas of giving but retaining )lexibility as to the Umin9, and scale of grant rnaking.
Prlnclpal risk$ and uneertainti•s
The trustees have considered the rNajor risks lo which Ihe Trust 1$ exposed and èstablished systems lo mitigate
them. The Trustoes have been aware of th8 charitvs d8pendence on the Trustees own tune and energiès and
voluntary donations.

LOFTUS CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 5 APRIL 2023
Str￿ture. gov•mance and man•g•m•nt
The Trust88s who served durin9 the year and up to the dale of signature of the financial 8lalements were..
R. l. Loftus
A. L. Loftus
A. D. Loftus
The Tm51ees' report was approved by the Board of Trustees.
D. Loftu$
Trustee
Dated..

LOFTUS CHARITABLE TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 5 APRIL 2023
The Trustees are responsibl8 for pr•paring the Twslegs, Report and the financial slatemÈnts in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Gener8ly Accepted AccounlHig
Practice).
ThÈ law applcabla to charities in Eng18nd and Wales requires the Truslees to prepare financial statements for each
ffinancial year whi¢h gNe a Irue and fair of th& slate of affair6 of the chaity and of the incoming rèsources and
application of rp8our¢es of the charity forthal year.
In prepariThJ these financial stat&ments, the Trustee$ a￿ required to..
- select suitable accounting poliGi¢s wd Ihen apply them ¢onsistèntty'.
- obs&Ne the mothods and prinryple$ in the Charities SORP.,
- rnake judgements and estimates that are reasonable and prudent..
- state whether appli¢8ble aG¢ounting starKlard$ have bèan followed, subjed to any material departures disdosed
and explained in the stslemenls., and
prepare Ihe finanaal slalwnents on the going concem ba515 unles$ il is inappropriate to presume that the charity
will continue in operation.
The Twslees are responsible for keeping sufvent accounting re¢ords that disdose with reasonable a¢¢uracy at
any time the !In.aneial posilion of the charity and enable them to ensure that the finan￿¥1 statements cornpty with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the prowsions ol the Iwst deed. They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable slep5 for th¢
prevenfion and delectK)n of fraud and other irregularilies.

LOFTUS CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF LOFTUS CHARITABLE TRUST
Opinion
Vve have audited the finan¢ial slatemen15 of Loftus Charitablè Trust Ilhe 'charity'l for the year ended 5 April 2023
whic* comprise the statement of financAal acti￿tlÉs, thÈ balancè sheet and the notes lo the financial statements,
induding a summary of signrficant accoun*ng polic￿￿. The financial rep¢rbng framework that has teen applied in
their preparation is applicablè law and United Kingdom A¢¢ounb"ng Standards, induding Financial ReFQrting
Standard 102 The Finanth81 R8poknng Standard applicabl& in th8 UK 8nd R8puMie of Ireland (United lfjngdom
Gen8rallyAccapted Accounting Practi￿1.
In our opinion, the financAal statements..
give a tme and fair view of the stale of the charily's affairs as at 5 Apnl 2023 and ol fis incorning resources and
application of résources, for the ypar then ended,.
have ￿en properfy prepa￿d in accordance with Llniled Ffjngd¢m GeneraNy Accepted Accounting Practi￿,.
and
have been prppared in accordan￿ with the reqU1￿MentS of the Charities Act 2011.
Baglg for opSnlon
We conducted our audit in ac¢ordance with Inlerr)alional St8ndards on Auditing IUKI IISAS (UK)) and appkn'cabl
law. Our responsibilities under those standards are furthèr dèseribed in the Auditorfs responsithlilies forthe audit ol
Ihe financial stalaments 8edion of our report. We are independent of Ihg charity in accoidance with the elhical
requirements that are relevant to our audit of the financAal slalement5 in the UK, including the FRC'S Ethic81
Standard. and we have fulfilled our other èthical responsibilities in accordan¢e with these requirement$. We believe
that the audit evid8nce we have obtained i¥ suff¢ient and appropiiate Its prowdè a basis for our opinion.
Con¢lu$ions relatlng to golng concern
In auditing the financial slalernenls, we have concluded that the Tru$l&es' usé of th8 going conGem basis of
8ccounting in the preparation ol the ffinancial slalements is appropriate.
Based on thè work we have performed, we hav8 not id8ntffied any material uncertainties relati'ng to ewnls or
cond￿'0n8 that, indimdually or collectively, may cast significant dol￿1 on the chafity5 abilty to continue as a going
concern foi a period of at least fv4elve months from when tho finan¢ial slalements are aulhorised for issue.
Our responsibilities and the r8sponsibilities of the Trustees with respect to going concern are described in th6
relevant sections of Ihis report.
Othèr Infomiation
The olher infomalitin Comprises the informalKJn included in the annual report other than the finartial staiements
and our auditor's report thereon. Th¢ Trustees are responsible for thè othèr infom)ation contained within the annu81
report. Our opinion on the financial statements does not cover thè other information and we do not express any form
of assurance condusion thereon. Our responsibility is to read the olheT infotmation and, in doing so, consider
wh¢lh¢r the other informatior¢ 15 matÈrialty ineonsislent with the financial statements or our knowledg8 obtsined in
the ¢ourse of the audit, or otherwisè appéars to be materially misstated. If we idenlfy such materkil inconsistencies
or apparent material misstatements, we are r¢quired to detemiine whether this givès ris8 lo a materHI misstatement
in the financial statements themselves. If. based on the work we have performed, wa ￿ndUde that th8re is
m*erial misstalem&nl of this other information, ￿ 8ra ¥8quirad to report that fact.
We have nothing to report in this r8gard.
Mattèrs on which w• are required to roport by exception
We have nothing lo report in rèspèct of the following matteJs in relation to which the Charllles (Accounts 8nd
Reports) Regulations 2008 require us lo report to you if, in ow opinion".
Ihe information given in the financial slalements Is ino)nsistent in any material r8spÈet with the Trustees.
report., or
sufficient accounting records have not been ￿pt., or
Ihe financial statements are not in agietrment with the accounting records," or
we have not received 511 the information and explanations w¢ require for our audil.

LOFTUS CHARITABLE TRUST
INDEPENDENT AUDrroR'S REPORT (CONTINUED)
TO THE TRUSTEES OF LOFTUS CHARITABLE TRUST
Responsibilitiej of Truste
As explained more fully in the staleTnenl of Trustees. responsibiliti8s, the Truslees are responsible for the
preparation of thè financAal statement8 and for being satisfied thal they give a true and fair view, and for such
internal control as the Trusl¢es detenmine is nècessary to enable the prep3r8lion of financAal stslèmènts that are
fr88 from material rnisslalemenl, whether due lo fraud or error. In preparing the finanaal ststements. Ihe Trustees
2ra responsible for assessing the charity's ability to continue as a going concern, disclosiig, as applicable. matters
related lo going con￿rn and using the going concem basis of accounting unless the Truslg9s erthw intend to ¢o8$8
operations. or have no realistic alternative but lo do so.
Auditorfs responsibilitr•s forthe audii of the flnan¢lal $tstements
We have been appointed as auditor under $e¢tion 144 of the Charities A¢t 2011 ond report in awrdancè with the
Aet and relevant regulatlons made or having effect thereunder.
Oui objedives are lo obtain reasonable assurance about whethèr the financial slalements as a whde are free frt)m
material misst8tement. whether due lo fraud or error, and to issuè an auditor's report that Indudes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audit condu¢tÈd in accordan
with ISAS IUKI will always detect a material misstat8menl when il exists. Misstatements can arise from fraud or
error and are consideied material rf, individually or in the a9gregale, they could reasonably be eypected tts influence
the economic decision5 of users tak8n on the basis of these ffinancial ststements.
The extent lo whl¢h our procedures are ¢8P8ble of détecting I￿egula1111¢$. including fraud, is detailèd balow.
The 4¥t•nt to which th* audll consldered cap•blé of deteeting iffegularltles in¢ludlng fraud
Our approach to idenlfying and as8essing the risks of materlal misstalemenl in re8P8Ct of irregularities, including
fraud and noFF¢ompliance with laws and regulations, was as follows."
the engagement pariner ensured thal the engagement team collectively had the appropwiale competence,
capabilities and skills to identify 01 re¢o9nise non-compli8n¢è with applicable laws ar￿ regulations..
we identified the law5 and regulations applicable to the charity through discussions with trustees and other
management, and from our commetcial knowledge and experience of Ihg Charity sector
focused on specific laws and regulations which we considered may have a direct material èffèct on the
financial statements or the operations of the charity, including, but not limited to. Charities Act 2011 and
taxation legislation.,
we assessed the extent of comph'ance with the laws and regulations ident￿led above through m*ing
enquiries of management and inspecting relevant corre$pondenc8.' and
identified laws and regulations were communicated within the audit team regularfy and the team remained
alert ltt instancès of non-compliance throughout the audit.
We assessed the susceplibilrty of the charity financial $18temarrts to material misslatem$nl, in¢luding obtaining an
understanding of how fraud might occui, by..
understandSn9 the chaTilable objectives as part of the control and operating environment,.
making enquiries of management as to where they considered there was suscepliblllty lo froud, their
knowledge of a¢tual, suspected and alleged fraud,. and
considering the intÈmal controls in place lo mitigate risks of fraud and non.complianc8 WI￿ laws and
regulations.
To addr8SS the risk of fraud Ihrou9h managemÈnl bias and override of contro15, we..
pèrfom7ed analytical procedures to identify any unusual or unexpected relationships..
tesled journal enliies to identify unusual transadicins-
inv¢stigaled the rationalè bèhind significant 01 unusual transactions.

LOFTUS CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF LOFTUS CHARITABLE TRUST
In ￿spOnse to the risk of iwularilie$ 8nd non-compliance Wbth laws and regulations, we designed procedures
whith induded, but were not limited to..
agreeing financial statement dSs¢losure$ to underfying supporting documentation.,
reading tha rninutes of meetings of those charged with governanee;
Ènquiring of management as lo actual and potential litigatson and ¢18lms; and
revlewing correspondence and erwuiring with th8 charity of actual and potential non-complian¢è with laws
and regulations.
Therp ale inherent limitatK>ns in our audit procedures descrtjed above. The more rèmoved thal laws and
regulations are from financial transactions, the les5 likety it is that we would be¢ome awaro ot non.complian¢e.
Auditing sland¥rds also limit thè audrt procedures required to identfy non-compliance with laws and regulation$ lo
enquiry of the trustees and other management and the in$p@etion ol regulatory and legal correspDndence, if any.
A further description of our responsibilities Ss available on the Financial Reporting Council's website al., https=Il
www.frc.org.ukjauditorsrèsponsibililies. This description fom)s part of our audrto¢s rèport.
Oth¢r matters
Your attention is drawn lo the fact that the d)arity has preparÉd finandal statements in accordancg with'Accounling
and Reporting by Charities.. Slatemtrnt of Recommended Practice applicable lo charibes preparing their accounts in
aG￿rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {a6
amended) in preference to the Accounting and Roporting by Charities.. Slalement of Recommended Practi¢e issued
on 1 April 2005 whieh is ref•￿ed lo in the extant r￿ulationS bul has now beÈn ￿thdraWn.
This h8s been done in order for the financial slalements to provide a true and fair view li a¢cordance with current
Cenerally Accepted Acrounling Practice.
Use of our report
This report is made solety lo the charity's Irusl88$, as a body, in accordance with part 4 of the Charitie$ IA¢counts
and Report51 Regulations 2008. Our audit work has been undertaken so that we might s181e lo the charity$ Iruslees
those marters we ale requii¢d to state to them in 8n auditorfs report and for no other pury)0s8. To th8 fullest extent
permitted by law, we do not 8CCèPt or assume responsibility lo anyone other than the ¢harity and the charitls
trustees as a body, for our audit work, for this report, or f¢x the opinions we have formed.
4. 11 LLP
15 Jan 2024
Gravlta 11 LLP
ChartÈrÈd Aeeountsnts
Statutory Audrtor
30 Crfy Road
London
EC1Y 2AB
Gravita11 LLP Is ellgSble for appoinlmenl as auditor of the charity by virtue of it5 eligibilty for appointment #S auditor
of a company under secticin 1212 of the Companies Act 2006.

LOFTUS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2023
UnroStfiCt•d Re3tricttrd
funds
fund$
2023
2023
Total
Total
2023
2D22
Not•s
Donations and lagacies
Investments
437.500
58,256
437,500
58,258
389.611
95,324
Totsl Incomo
495.756
495,756
484,935
Charitable activitie5
445.204
12,143
457,347
634.216
Nel (losses) on inveslrnenl$
1315.869}
{315,8691
(45,9261
Net oiityoing resources beforo transfers
1285.317}
{12.1431 P77.480} (195,2071
Gross transfers beiween funds
131,195}
31.195
Net movement in fund$
1296.5121
19,052
1277.460} (195.207)
Fund balances at 6 April 2022
4,114,775
1,434
4,116.209
4,311,416
Fund balanc•s at S April 2023
3,818,263
20.486
3.838,749 4,116209
The stalernenl of financial actbwlie$ in¢ludès all gains and Ios8e8 recognised in the year.
All income and axpènditur8 d8rive from continuing aGlivilies.

LOFTUS CHARITABLE TRUST
BALANCE SHEET
ASAT 5APRIL 2023
2023
2022
Nots$
Fixgd a$$*ts
Inv$$lmenls
2.787.509
3,545.32S
Current #1$ots
Debtors
Cash at bank and in hand
12
95,014
976264
7,514
589.380
1,071,278
596,894
Cr•ditors: amounts falling due ￿rfthln
ono year
13
120,0381
{26,0101
N&1 Current assets
1.051.240
570,884
Total as$ots l•$$ Current liabiliti•s
3,838,749
4.116,209
Incomé funds
Restricted funds
Unrestricteil fund5
14
20,486
3.818.263
1.434
4.114,775
3,838,749
4.116.209
n8n
1st8
nl$ were approved by the Trustees tsn ...............
R. l. Loftu$
Trustee
A. D. Loftus
Truste•

LOFTUS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Accounting pollcles
Charity infomiatlon
Loftus Chaiitablo Trust is a ¢h8rilablÈ trust.
1.1 Accountlng conv•ntlon
The financial 51alements have been preparèd in accordance with the charivs govÈmin9 document, the
Charities Acl 2011 and "Acctrunling and Reporting by Chawilies.. Statement of Recornmended Practice
applicable lo ¢hariiies preparing their aG¢ounts in accordance with th8 Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102}. las arnendèd for accounting periods ¢ommencing
from 1 January 20161. Thè charity is a Publi¢ Benefit Entity as defined by FRS 102.
The charity has taken adv8ntsge of the provisions in the SORP for charities applwng FRS 102 Update Bullelin
1 not lo prepare a Statement of Cash Flows.
The financial stslements have departed from the Charities (Accwnts 8nd R8POrtsl RegulalKJn$ 2008 only to
the extent required to provide a true and lair view. This departure has involvod lollowing the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
R8commend8d Practice whith is referred to in thè Régulations but which has since b￿n withdrawn.
The finan¢ial sl*emenls ale prepared in st8rfing, which is the fvnclional currency of the charty. Monetary
arnoun15 in these financial statements are rounded to the nearest £.
The financial slalements have been prepared under the historical eosl Convention, The prsncipal accounting
poliues adopted are sel out below.
1.2 Going ¢oncèm
Al the tirne of approviftg the finanaal statements, the Trustees have a reasonable expectation that the chariiy
has adequate resources to continue in operational e￿st￿ne8 for the foreseeable fvlure. Thus the Trusteès
coniinuè to adopt the going Con￿[n basis of accounting in preparing the ffinancial slalements.
1.3 Charitsbl¢ funds
Unrestricted funds are av8i13ble for use al the disc￿l￿n of the Trustèes in furtheran￿ of their ¢harilable
obje¢tives.
R¢stri¢ied funds are subject to speofic corwjitions by donors as to how thèy may be used. The purposés and
Uses of the restricted funds ara get out in the notes to the financial stalemenls.
Endowmenl funds arè subiacl lo specific condrtions by donors that the capital mLtsI be maintainod by the
chaniy.
1A In¢ome
Donations. legaryes and other fomi$ tsf voluntary income are re¢ounised on receipt or wh$n entillemenl
re¢eipt is probable and the amount can be reliably valued.
The value of services provlded by Ihe Iruslges h8$ not been induded in these acwunts.
10-

LOFTUS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
ACCOUn￿n9 poliGi•$
Icontlnuedl
1.5 Exp¢ndlbJre
Expenditurè is recognised once there is 8 legal or constructive obligation lo make a payment lo a third party, il
is probable th81 strttlement will be required and tha amount of the obligation can be measured reliably.
Expenditure on charitable activities indudès thè costs of the delivery of rts activities and serwces for ils
bgnefi¢iarie5. Grants payablè ar8 made lo third parties in furtherance of the Charity's objects.
Govemance costs comprlse all cost$ involving the public aemuntabilty of the charity and its compliance with
regulation and good practice. These ¢osts inclLKle costs relalÈd to statutory audit.
Irrecoverable VAT is charged as 8 eost against the activity for whith the expendilure was In￿rr6d.
Fund thecounting
Unreslwictg(l fvnds are available lo spend on activitie6 that further any of Ihe obi8clives of th8 Charity.
Restricted fLJnds are subject to speaffic Conditions by donors as lo thèy may be used. The purposes and
uses ol the rèstricted funds are set out in the Mles to Ihe accounts.
1.6 Fixed a3$￿ Invèstments
Fixed asset investments are iniiially mèasured al transaction pri￿ excluding transaction costs, and are
subsequently measured al f¥ir value at each reporting dalB. Changes in fair value arg re￿gnised in nèt
incomellexpenditurel for the year. Transa¢lion C￿StS are expensèd as incurred.
1.7 Cash and cash equival•nts
Cash and cash equivalents indude cash in hand and dèposits held al call with bwks.
1.8 Flnan¢lal Instruments
The charity ha5 elected to apply the provision8 of S8¢tion 11 'Basic Financial Instruments. of FRS 102 to all of
its financial inslrumenls.
Financial instruments are recognised in the charity's balanGe sheet when the charhy bacomes party to the
contradual prowsions of the instrument.
Financi81 assets and liabilities are offset, with the net amounts presented in the finanaal $tslemenls, when
there is 8 lègally enlorceable right lo sel off the recognised amounts arvj th￿￿ is an Inten￿On to s8ttle on a nel
basis or to realise the asset and settle Ihe liability siM￿laneOUsly.
Basic financlal assets
Basic fin#nual assèts, which indude dèbtors and cash and bank balan¢es, are initially measured at
transaction price induding transaction Costs and ar8 subsequenly carwied al amortised cost using the effective
interest method unless the arrangemttnl constitutes a financing Ir8n$8¢tion, where the transaction is
measured al the presènt valu8 of the future receipts dis¢ounted at a market rate of interest. Finanoal assets
¢la$sified as receivable within one year are not amorti$ed.
Dern¢ognltlon of finanGlal assets
Financial assets are derecognised only when the ¢onlra¢iual rights to the ¢#sh flows from the asset expir6 or
are settled. or when thè d)arity transfers the [￿anCial asset and substantially all the risks and rèwards of
ownership to another entity, oi if some signifKanl risks and r8wards of ownership ale relained but control of
the asset has transferred lo another party that is able Its sell thè asset in ils entirety lo an unrelated thi￿ party.

LOFTUS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Accounting poN¢los
Icontinuedl
Basie financlal Kabililie
Basic finat)cial liabililiès, indUd￿g creditors atKI bank loans are initialty i9￿gnised al transaction price unless
the arrangement constilules a fina￿11￿ transaction, where the debt instrument is measured at the present
valu& ol the future payments discounted al a market rats of interest. Financial liabilrties dassrfied as payable
within one year are not amortisad.
Debt instruments are Subsequent￿ carried al amortised ¢ost, using tha effective interest r81e method.
Trade creditors ¥e obh'gations lo pay for goods or services that have t*en acquired in the ordinary course of
operations from Suppliers. Amounts payable Arè dassiffied as current liabilities if payment 15 due within one
year or less. If not, they are presented as non-currenl liabilities. Trade ereditors are recognised lnttia1￿ at
transa¢tion price and subsequently measuied al amortised cost using the effectlvfr inleresl method.
Derecognhlon of financial liabllilies
Fina[￿la1 liabiltties are derecognised when the charity'8 contractual obligations exF1￿ or are discharged or
can￿lled.
Donation$ and lega¢l•$
Unre5tri¢ted Restrl¢t•d
funds
funds
Total
Totsl
2023
2023
2023
2022
Donations and gifts
437.500
437,500
389,611
Forth• ￿ar ended 5 Aprl 2022
341,250
48,361
389,611
Invo$lmÈnts
Unrestricted
funds
Total
2023
2019
Diwdend in¢ome
Interest rer*ivable
58.256
95,299
25
58.256
95,324
12

LOFTUS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Charitable activitios
2023
2022
Religious organisalion5
Education
Relief of povèty and il health
Other causes
Govemance and support costs
84.664
77,265
215,030
72.055
8,313
107,106
267,352
208,890
41,600
9,268
457.347
634,216
457,347
634,216
Analysi$ by fund
Unreslri¢led funds
ReslrKled funds
445.204
12,143
586.039
48,177
457.347
634,216
Analysls of grants made to instliutlons
Grants made lo instrtulions were a material part of the total expenditure by the Trust.
The major grants were as follows..
2023
2022
Unrestrict•d funds:
Religiou$ organisation
Jewish Blind and Disabled
Jewish Leadersh¥J Council
Grants less than £10.OIXTr each
25.000
12,500
35,021
58,929
72,521
58.929
13-

LOFTUS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Analysis of grnnts made to in$tltutlons
{Contlnuedl
Educatlon
Kisharori
UK Friènds of IDC Herzl'ya
Jewish School Nelwork
Chabad of Hampstead GartJen Suburb
Camp Simcha
Nightingale Hammerson
British Friends Of Jaffa Ins11¢ulg
UJIA
The WorkAvenu8 Foundation
Grants less than £10.000 each
35.000
17,875
35,000
14,066
32,000
18,600
100,000
38,333
10.000
10,1)00
11,353
24,410
77,285
267.352
R•llèf of pov•rty and Illthealth
Belt Halochem UK
Chai Cancer Ca
Jewish Care
Neve Mi¢hael ChaiitalAe Trust
Norwood
UK Friends ofAWS
UJIA
Camp Simcha
Tikva
Grants less than £10.ODO each
10,000
12,500
30,000
10,000
20,000
15,000
10,000
41,800
lo,￿0
12,500
30.￿0
10,(rtJO
20,CKIO
40,000
86,390
65,730
215,030
208.890
Other Cau$•$
CST
The Jerusalem Foundation
Henry Jackson So¢tety
Grants less than £10.000 ea¢h
25,000
39,900
25,000
12.500
4.100
7,155
72,055
41,600
Totsl unT•slricted funds
436.891
576,771
Restrided fund*
Religious organisatson
Cambridge Prolect
12.143
48,177
Total restricled funds
12,143
48,177
14-

LOFTUS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 5 APRIL 2023
Auditorfs remungration
Fees payable to thtr ¢harlty's auditor and a8soclat•$:
2023
2022
Audrt of the ¢haritVs annual accounts
7,200
0,000
Non-audlt sèr¥lces
All other non-audit 5erwce8
3,150
TruBtees
None of the Trustees lor any pgtsons connected with them} ￿ceiVed any remuneration 01 beneffts frcffi ihe
charity (lurlng the year.
Employees
Thère were no employees during the year.
Net Ilosses) on investments
Unrestrlcted Unrestricted
funds
ftjnds
2023
2022
Revaluation of investments
{315.869}
145,9261
10 Taxatlon
The charity 1$ exempl from tax on income and gains falling wrthin section 505 of tha Taxes Act 1988 015eGtion
252 of the Taxationof Chargeable Gains Act 1992 lo the extent that these arè applièd to its charitable objects.
15-

LOFTUS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
11 FIX￿ A$$et investments
Li5t•d
Unlisted
InV￿lMonts Investments
Total
Cost or valuation
Al 6 Aptl 2022
Valualion changes
Disposals
2,530.834
1347.8691
1,014,691
32,001
1441,948}
3,545.325
1315,8681
1441,9481
Al 5 Aprl 2023
2.182,765
604.744
2.787.509
Carrying amount
At 05 April 2023
2,182,765
604.744
2.787.509
AI 05April 2022
2,530,634
1.014,691
3,545,325
Fixed 4$$o1 investments rn¥alu•d
Th8 fair values of listed investments that are traded in actlve markets are based on prices obtsir￿d direct
from an exchange on which the instruments are traded.
12 Debtor¥
2023
2022
Amounts falling duè wlthln one year:
other debtors
Prepayments and accrued income
201
94,813
201
7,313
95,014
7.514
13 Credltors: amounts falllng due within one year
2023
2022
Other Creditors
Accruals and (Jeferrgd irKome
838
19.200
14,011
11,999
20,038
26.010
18-

LOFTUS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5APRIL 2023
14 Restrlctèd fund$
The income funds of the charty include res1ri¢led funds wnprising the folk)wing iJn8xp8nded balanos of
donations and grants held on trust for 5pecrfic purp05Q$'.
Movem•nt In funds
lrt¢ominy
Resourc05
Balance at
resour￿5
èxp8nd8d 6Aprll 2022
Balan¢e at
6Aprll 2021
R8sourc88
•xppnded
Transforn
Balanco at
S Aprfl 2023
Cambridgé
Projoct
1,250
48,361
148.1771
1,434
112,1431
31,195
20,486
Cambridge Project is being undertakèn for th8 rejLwenalion and extension of the existing Cambridge
Synagogue and Jewish Community Centre and the Charity is funding certain aspecis ofthe project.
15 Analysls of net assèts betsve•n funds
Unroslricted Restricted
fvnds
fundB
2023
2023
Totsl
Total
2023
2022
Fund balances al 5April 2023 are represented
by..
Investments
Current a$s&tsl{liabliti8sI
2.787,509
1,030,754
2,787.509 3,545,325
1,051.240
570.884
20,486
3,818,263
20,486 3,838,749 4.116,209
16 Related party tr•n8aetlons
Donations include amounts from trustees of£350,￿0 {2022.' £293,437).
Grants made include amounts lo ¢harities which share 8 trusteè in common with the chaity £35,OOD12022'.
235,0001
Al the balance sheet dale £838 (2022." £14.0111 was owed to a company ¢ontrolled by the Iru$tees.
17-