CHARITY REGISTRATION NUMBER: 327846
THORNE LODGE CHARITABLE TRUST
uNAt￿lTED FINANCIAL STATEMENTS
5 APRIL 2024
COHEN ARNOLD
Chartered Accountants
New Burlington House
1075 Finchley Road
LONDON
NWI I OPU

THORNE LODGE CHARITABLE TRUST
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2024
PAGES
Trustees, Annual Report
Independent Examiner's Report to the Trustees
Statement of Financial Activities
Ito2
Statement of Financial Position
Notes to the Financial Statements
6t012

THORNE LODGE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 5 APRIL 2024
The trustees present their report and (he unaudited financial statements ot the charily for the year
ended 5 April 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name
Charity registration number
Principal office
Thorne Lodge Charitable Trust
327846
41 Norrice Lea
Hampstead G(irden Suburb
London
N2 ORD
THE TRUSTEES
A Selby
R D Selby
P H Selby
E H Isaacson
Z R Brooks
INDEPENDENT EXAMINER Dov Ha￿lS FCA
STRUCTURE, GOVERNANCE AND MAIYAGEMENT
The charitable trust was established by ihe Trus1 Deed dated ?6 May 1988 and is an unincorporated
charity registered with the Charity Coinmission {Regisiration no. 327846).
The day to day affairs of the charity are adTnini stered by the ti-ustees.
The trustees were all appointed upon the formation of Ihe charity. Future trustees will be recruited,
appointed and trained by the exislino Irustees as they deem reasonable in furtherino the chariiable
trust's objeciives.
The investment powers of the trustees are described in the Trust Deed.
The Tn]st Deed allows the trustees to invest tiusl monies in any properly and investment.
OBJECTIVES AND ACTIVITIES
The charitable trust's objectives are to make donations to charitable causes as determined by the
trustees.
The In]stees confiTm their compliance with the duty to have due regaid to the public benefjl ouidance
published by the Charity Commission whLn reviewing the Lhai-ity's aims and objectives and in
plaJJnino future activities.
ACHIEVEMENTS AND PERFORMANCE
During the year the charity continued ils activitie.s and maint4liT)cd its suppoit of charitable institulions
and ag(Fie(Jate donations were paid in the sum of £136,?70 (2023= £121.823). The Iruslees (ire
satTsfied that donaiions made durino the year and subsequently have achieved the chariiable trust's
objectives.
The financial resulis of the charity for the year ended 5 April ?024 are tully IEflected in the attached
financial staiement tooeiher with the notes Iliereon.

THORNE LODGE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT I
YEAR ENDED 5 APRIL 2024
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to mai ntain free reserves at a level which the Irustees think appropriate
after considering the future commitmencs of the charity and Ihe li kely costs of the charity for the next
year. The trustees hcive not undertaken any formal charitable commitrnenls and consider that the
charity will geneiale sufficient Income fi-om it's investmentb and fi-om donations to fund its onooino
activities.
As at 5 April 2024 ihe chai-ity had £1.357,566 (2023: £1,375,527) of unrestricted funds.
Investment policy
Under the Trust Deed. the charily has the power to make investments which the trustees consider
appropriate. The trustees seek inveslmcnls which, over a medium lerrn. are aT)licipated to gellerate a
dependable flow of income coupled with capital growth.
The trustees consider the return on investments, in terms of both income and capital growth. to be
salisfactory.
Grant making policy
Grant5 are made to charitable insiitutions and organisations wliich accoi'd with the objects of the
Charity.
The Trustees are approached for donations by a wide variety of charitable in5titUCions principally
operatino all over England. The Trustee5 consider all requests which Ihey receive and make donations
based on the level of funds available.
PRINCIPAL RISKS AND UNCERTAINTIES
Risk management
The trustees have identified and reviewed ihe major risk5 to which ihe charily is exposed, in particular
those related to the operaiions and finance of the charity, and are saiisfied that systeins are in place to
manaoe those risks.
PLANS FOR FUTURE PERIODS
The trustees plan to coniinue to make distributions in accordance with their (yi-ant rnakino policy and
to ensllre that an appropriate level of reserves is maintained.
The trustees, annual report was approved on 29 January 2025 and sioned on behalf of Ihe board of
trustees by-
A Selby
Tru%lee
R D Selby
Tn]slee

THORNE LODGE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THORNE
LODGE CHARITABLE TRUST
YEAR ENDED 5 APRIL 2024
I report to the trustees on my examination of the financial slatements of Thorne Lodoe Charitable
Trust {'the charity,) for the year ended 5 April 20?4.
RESPONSIBILITIES AND BASIS OF REPORT
As the trustees of the charity you are responsible for the preparation of the fjnancial statements in
accordance with the requirements ot the Charities Act 2011 ('the Act,).
I report in respect of Jny examination of the charity's financial .8tatements carried out under gectIon
145 of the 201 l Act and in carrying out my examinalion I have followed all the applicable Directions
givetj by the Ch<lTlty Commission under section 145{5)(b) of the Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confjmi that no m¢iterial matters have come to my attention in
connection with the examinalion giving me cause to believe that In any maierial respect-.
accounting records were not kept in respect of the charity as required by section 130 of the
the financial statements do not accord with those records. or
the financial statements do not comply with the 1( pplicable I'equirements concerning the
form and content of accounts set out in Ihe Charities (Accounts and Reports) Regulations
2008 other than any requiremenl that the accounts give a 'true and fair, view which is not a
matter considered as parl of an independent examillaiion.
I have no concerns and have come across no other mailers in connection with the examination to
which aitention should be drawn in ihis report in order io enable a proper undeTsiandino of the
accounts to be reached.
Dov Harris FCA
Independeni Examiner
Cohen Aimold
Ch£irtered Accouniants
New Burlintrton House
1075 FiT)chley Road
LondoD
NWII OPU
29 January 2025

THORNE LODGE CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 5 APRIL 2024
2024
Unrestricted
funds Total funds Toial funds
2023
Nole
Income and endowments
Investment income
30,849
30,849
26,556
26,556
Total income
30,849
30,849
Expenditure
Expenditure on raising funds-
Investment management co.sts
Expenditure on charitable activities
Total expenditure
(12,154)
{12,154)
{9,598)
(139,979) (139,979) (126,204)
(152.133) {152,133) (135,802)
Net gains/(losses) on investments
103,323
J03,323
(90.7191
Net expenditure and net movement in funds
{17,961)
(17,961) (199,965)
Reconcilfiation of funds
Tocal funds brought forward
Total funds carried forward
1,375,527
1?75,527
1?57,566
1575,492
1,357,566
1,375,527
The statement of financial activities includes all oains and losses recognised in the year.
All income and expenditure derive from continuing aclivilie5.
The notes on pages 6 to 12 form parl of these finanelol statcments.

THORNE LODGE CHARITABLE TRUST
STATEMENT OF FINANCIAL POSITION
5 APRIL 2024
2024
2023
Note
FIXED ASSETS
Invebtments
13
1,348,585
1,360,311
CURRENT ASSETS
Debtors
Cash at bank and in hand
14
1,975
24,046
26,021
2.267
21,109
23,376
CREDITORS: amounts falling due
within one year
NET CURRENT ASSETS
15
(17,040)
(8.160)
8981
15.216
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,357,566
1,357,566
1,375.527
1.375,527
NET ASSETS
FUNDS OF THE CHARITY
Unrestricted funds
1,357,566
1,357,566
1,375.527
Total charity funds
16
1,375,527
These financial statements were approved by the board of trustees and authoi-i5ed for issue on
29 January 2025. and are signed on behalf of the board by:
Mrs R D Selby
Trustee
rity Re
alio.n No. 327846
The nole5 on pages 6 lo 12 foT]]] P41rt of these linancial statenieiits.

THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2024
GENERAL INFORMATION
The chai-iiy is a public benefii entity and a reoisiered charily in Enoliind and Wales and is
unincorporated. The address of the principal office is 41 Norrice Lea, Hampstead Garden
Suburb. London, N2 ORD.
STATEMENT OF COMPLIANCE
These financial statements have been preP￿ed in compliance with FRS 102. 'The Financial
Reportin(F Standard applicable in the UK and the Republic of Ireland,. the Siatement of
Recofftmended Practice applicable to charities preparinti their accounts IT) accordance with the
Financial Reporting Standard applicable in the UK and Republic of Iieland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, rnodified to include
listed and other investments at fair value.
The financial statements are prepared in sterling. which is the functional currency of the
charitable trust.
The charitable trnst meets the definition of a public benefii entity under FRS 102.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparatlon of the financial statements requires manaoement to make judoements, estimates
and assumptions that affect the amounts reported. These esiimaies and judgements are
continually reviewed and are based on experience and oiher factors, includino expeclaiions of
future evenls that are believed to be Teasonable under ihe circumstances. There were no
significant judgements or estimates made in ihe preparation of these financiiil staiemenls.
Taxation
The charity is not liable to direct taxation on its income or (pains, whether realised or not. as it
falls within the various exemptions liable to registered charities. Accordinoly, the charity does
not [eco￿nISe any deferred tax liability on revaluation5 of investmenls a5 tjo lax would be due in
the eveJ)t of a disposal as the charity would benefit frotn the relevant exemplions, as it will apply
all funds for qualifyino charitable PUTposes.
Fund accounting
unre.stricted fuT)ds are available for use at the discretion of the trustees to further any of the
charity s puiposes.
Incoming resources
All income is included in the statement of financial aclivilies when entiilemeT)I has passed io the
charily, It is probable that the economic benefits associ ated with the transaciion will flow to the
charity and the amount can be reliably me<isured.

THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS(
YEAR ENDED 5 APRIL 2024
ACCOUNTING POLICIES l¢ontiniied)
Resources expended
Expenditure is recoonised on an accruals basis as a liability is incurred. Expenditure includes
any VAT which cannot be fully recovered, and is classified under headings of the slatement of
financial activities to which it relates:
expenditure on raisin(y funds includes the costs of all fundra?sing activities, events, non-
charicable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in underiakino
activities that further its charitable a1rn5 foi the benefit of its benefici<iries. includjng those
support costs and costs relating to the goveTnance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
AII costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared c051S are
apportioned betweell the activities they contribute to on a reasonable, justifi able and consistent
basis.
Grants payable
These are only recognised in the accounts when a commiiment has been made and there are no
conditions to be met relating to the grant which remains in the control of the charity.
Financial instruments
A financial asset or a financial liability IS Tecognised only when the entity becomes a party to che
contractual provisions of the instn]ment.
Basic financial instruments are initially recoonised ac the amount receivabl e or payable including
any related transaction costs. unless the arrangement constitutes a financino transaction, where it
is recoonised at the present value of the future payments discounted at a markel rate of interest
for <1 similar debt instrument.
Current assets and current liabilities are subsequently measured at the casli OT Other
consideratiOTJ expected to be paid or received aT)d not discounted.
Debt instruments are Subsequently measured ai amortised cost.
Where investments in shares or pieference shal-e5 are publicly trdded or their fail value can
otherwise be measured reliably, the investment is subsequently measured ai fair value with
chanoes in fair value recoonised in income and expenditure. All other such Jnveslments are
subsequently measured at cost less impairment.
For all equity instruments regaTdless of significance, these are assessed individually for
impairment.
Any reversals of impairment are recognised i mrnediaiely, to the exienl that the reversal does not
resuli in a carryino amount of the financial assei Ihat exceeds what the carrying amount would
liave been had che impaii-menl not previously been recognised.

THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTSI
¢oIRÉrNiied}
YEAR ENDED 5 APRIL 2024
INVESTMENT INCOME
Uni-estricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
?023
Interest receivable
Dividends receivable
Other investment income
4,392
11.000
15,457
4J92
11.000
15,457
30,849
1,885
11.989
12,68?
1,885
11,989
12,682
30,849
26,556
26,556
INVESTMENT MANAGEMENT COSTS
Unrestricted Total Funds Unieslricted Total Funds
Funds
2024
Funds
2023
Portfolio management
12.154
12,154
9,598
9,598
EXPEIYDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Grants paid
Support costs
136,270
3,709
136,270
3,709
139,979
121,823
4,381
121,823
4,381
139,979
126,204
126,204
EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Tol21 funds
2024
Grani funding
of activities Support costs
Total fund
2023
Granls paid
Governance costs
136,270
136,270
3,709
139,979
121,823
4,381
3,709
3,709
136.270
126,204
ANALYSIS OF GRANTS
2024
2023
GRANTS TO INSTITUTIONS
Support of education. advancevnent of health and ielief of povei-ly
Total grant5
136,270
136,270
1?1,823
121,823

THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (,,,, , ,,.
YEAR ENDED 5 APRIL 2024
ANALYSIS OF GRANTS (continued)
The composition of donations is shown below.
British Emunah Fund
Hasmone(in Hioh School Charitable Tn]st
Kish£iroT) Lanodon
Univeisity Jewish Chaplaincy
Cavnp Simcha
Ma(yen David Adom UK
Community Security Trust
Friends of Israel Sports Centre for the Disabled
Laniado Hospital UK
Noa Girls
Unjted Jewish Isi-ael Appeal
British Friends of Zaka
Ner Yisrael
Chai-Lifeline Cancer Care
UK Friends of the Association for the Wellbeing of Israel's Soldiers
Mylsrael
Gi ve it Foi'ward Today
Sundry donations
20,(K)O
12,575
8,000
7,180
5,500
5,000
5,000
5,000
5,000
5,000
4,100
3,818
3,750
3,430
3,250
3,000
28,667
136,270
NET GAINSI(LOSSES) ON INVESTMENTS
Unrestricied Total Funds Uni-estricted Total Funds
Funds
2024
Funds
2023
Gainsl(losses) on invesimenis
Realised Gains/(losses) on disposal of
investment assets
106,044
106,044
(76,909)
(76,909)
(2,721)
103,323
(2,721)
103,323
(13,810)
(90,719)
(13,810)
(90,719)
10. INDEPENDENT EXAMINATION FEES
2024
?023
Fees payable to the indepet]dent examiner for:
Independent examination of ihe financial siatements
4,380
4,080
11. EMPLOYEE NUMBERS
The averaue headcount of ernployees during the year was nil (2023= nil).
12. TRUSTEE REMUNERATION AND EXPENSES
No remuneraiion 01- other benefits frotn employment with the charily or a i-elaied entily were
received by the Ii'uslees.
The chari iy did not meei any individual expense5 incurred by the trustees for services pi-ovided
10 the charily.

THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS(
YEAR ENDED 5 APRIL 2024
13. INVESTMENTS
Listed
investmenls
Other
investments
Total
Fair value
At 6 April 2023
Additions
Disposals
Fair value movements
1,080,205
280.093
(371,369)
12?,793
280,106
1?60,311
280,093
(26,494) (397,863)
(16.749)
106,044
236,863
lJ48,585
At 5 April 2024
Impairnient
At 6 April 2023 and 5 April 2024
Carryirlg amount
At 5 April 2024
At 5 April 2023
1,111,722
1,111,722
236,863
lJ48585
1,360,311
1,080,205
280,106
All investments showw] above are held at valuation.
Financial assets held at fair value
The invescments are held at fair value based on the available market data at the year end. Any
movemenis in fair value are recognised in (he profit and loss.
The historical cost of the investments is £1.184.468.
14. DEBTORS
2024
2023
Other debtOTS
1,975
2,267
15. CREDITORS: amounts falling due within one year
2024
2023
Accruals and deferred income
Other creditors
4,080
12960
17,040
4,080
4,080
8,160
io-

THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS(
conTriiued)
YEAR ENDED 5 APRIL 2024
16. ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
At
6 April 2023
Gains and
At
losses 5 April 2024
Income Expenditure
General funds
1,375,527
30,849
(152,133)
103,323
1?57,566
At
6 April 2022
Gain5 and
At
losses 5 April 20?3
IncoJne Expenditure
General funds
1,575,492
26.556
(135,802)
{90,719) 1,375,527
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Total Fund
Funds
2024
Tangible fjxed assets
Current assets
Creditors less than l year
Net assets
1,348,585
26,021
{17,040)
1348,585
26,021
(17,040)
1?57,566
1,357,566
Unreslricled Toial Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors les5 than l year
Net assets
1,360,311
23,367
(8,160)
1,375,518
1,360,311
23,367
{8,160)
1,375,518
18. FINANCIAL INSTRUMENTS
The carryino amount for each category of financial instrument is as follows..
2024
?0?3
Financial assets measured at fair value through income and expenditure
Fincincial assets measured at fair value throuoh income and
expenditure
1,348,585
,360,311
Financial assets that are debt instruments vneasured at amortised cost
Financial assets that are debt instruments measured at avnorti sed
1,975
2,267
Financial liabilities measured at amortised cost
Financial liabi lities measured at amortised cosi
17,040
8,160
li

THORNE LODGE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (Con1[￿￿e￿)
YEAR ENDED 5 APRIL 2024
19. RELATED PARTY TRANSACTIONS
Granrs paid include an amount of £20,000 paid to British Emunah Fund, a charily With a trustee
n commmon with this charity.
12.