CROWNHOST LIIWTED LIMITED BY GUARANTEE Company No: 2522466 Charity No: 1081750 FINANCIAL STATEMEIYTS for the year ended 31 MARCH 2024 COHEN ARNOLD CHARTERED ACCOUNTANTS LONDON NWI I OPU
CROWNHOST LIIWllTED LIMITED BY GUARANTEE INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Reference and Administrative Infonnation Trustees Report Independent Examiner's report Statement of Financial Activities (incorporating the Income and Expenditure Account) Balance Sheet Statement of Cash Flows 9-12 Notes to the Financial Statements
CROWNHOST LIMITED IMITED BY GUARANTEE REFERENCE AND ADlVItNKSTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 GOVERNORS (TRUSTEES): Mr S Z Englander (Chaiman) Mrs R P Englander Mr M Spitzer Mr J Stern SECRETARY: Mrs R P Englander PRINCIPAL ADDRESS: 14 Leweston Place London N16 6RH REGISTERED OFFICE: New Burlington House 1075 Finchley Road London NWI I OPU INDEPENDENT EXAMINER: Asher Sternlicht FCA Cohen Arnold New Burlington House 1075 Finchley Road London NWI I OPU PRINCIPAL BANKERS: Barclays Batth Plc COMPANY NUMBER: 2522466 CHAIUTY NUMBER: 1081750
CROWNHOST LIMITED LIIIIITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also Directors for the pUK)SeS of Company Law, have pleasure in presenting their Annual Report and the Financial Statements of the Charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE INFORfvtATION Reference and Administrative Inforniation of the Company is shown on Page l of the Financial Statements and fom]s part of this report. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document Crownhost Limited is a Company limited by guarantee governed by its Memorandum and Articles of Association. Organisation The Charity is administered by the Governors who are the Trustees. Every Trustee holds office until he/she shall die or shall cease to hold office by virtue of the Articles of Association. The day-to-day affairs of the Company are administered by the Trustees whose Chaimian is Mr S Z Englander. Where there is a requirement for new Trustee% these would be identified and appointed by the remaining Trustees. The Chairnian of the Trustees would be responsible for the induction of any new Trustee, which involves awareness of a Trustee's responsibilitie4 the governing document, administrative procedures the history and philosophical approach of the Charity. A new Trustee would receive copies of the previous year's annual report and accounts with detailed explanation thereof. All Trustees give their time voluntarily and no benefit or expenses were paid to them in the year. OBJECTIVES AND ACTIVITIES FOR THE BENEFIT OF THE PUBLIC The Charities objectives. as defined in its governing document, are the advancement of religion in accordance with the orthodox Jewish faith, the relief of poverty and such other purposes as are recogniscd by English Law as charitable. To achieve these objects, the Company utilises its income to make grants and donations. The Trustees confirn] their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities. Grant Making Policy The Trustees are approached for donations by a wide variety of charitable institutions operating in the United Kingdom and abroad. The Trustees consider all requests which they receive and make donations based on the level of funds available.
CROWNHOST LIMtTED IMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORTrL4NCE During the year the Company continued to pursue its philanthropic objects in support of educational, religious and other Charitable Organisations which is in accordance with the guidance of the Charity Commission relating to Public Benefit. The financial results of the Company for the year ended 31 March 2024 are fully reflected in the attached Financial Statements together with the Notes thereon. Grants and donations in the year totalled £367,900 (2023: £1,582,440). FvANCIAL REVIEW Financial Posllion The financial position of the Charity is satisfactory. Income from donations and investments agegated £375,000. Total resources expended were £373,355 resulting in a net surplus of £1,645 for the year and total reserves of £26,288 (deficit) (2023 - £27,933 (deficit)). Reserves Policy The Reserves Policy of the Trustees is to maintain unrestricted funds, which are the free reserves of the Charity, at a level they consider appropriate to the Charity's needs taking into account likely future requirements. Principal Uncertainties and Risk Managemen¢ The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those related to the operations and finance of the Company, and are satisfied that systems ar¢ ID place to manage thos¢ risks. It is r¢cognised that systems can only provide reasonable but not absolute assurance that major risks hav¢ been adequately managed. Principalfunding sources Th¢ charitable company's principal funding sources w¢re donations received from related Companies PLANS FOR FirruRE PEIUODS The Trustees plan to continue making distribution5 in accordance with their ant-making policy and to ensure that the ability to generate sufficient income is maintained to achieve that end.
CROWNHOST LIMITED LlllllTED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies, exemption. Approved by the Trustees on3g. :...l¥in¢luding in their capacity as Company Directors. By Order of the Trustees Mrs R P EDglander- (Secretary)
CROWNHOST LIMITED IMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE GOVERNORS OF CROWNHOST LIMITED YEAR ENDED 31 MARCH 2024 TRUSTEES I report to the trustees on my examination of the financial statements of Crownhost Limiled ('the charity,) for the year ended 31 March 2024. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the company (and also ils directors for the purposes of company law) you are responsible for the preparation of thc financial statements in accordance with the requirements of the Coinpanies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Since the charity's gross income exceeded £250,000 your examiner musi be a mernber of a body listed in section l45 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe: accounting record5 were not kept in respect of the charity as required by section 386 of the 2006 the financial statements do not accord with those records. or the financial statements do not Comply with the accounting requircmcnts of scclion 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities prq)aring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Asher Stemlicht FCA Independent Examiner Cohen Amold New Burlington House 1075 Finchley Road London NWI I OPU Date: 2.. 2025
CROWNHOST LI]WTED IMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCORPORATINC THE INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 Unrestricted Funds 2023 Unrestricted Funds Notes INCOME AND ENDOWMENTS Donations and Legacies 375,000 1,558,500 Total IDeome 375,000 1,558,500 EXPEIYDITURE Expenditure on Charitable Activities 373J55 1,588.945 Total ExpeDditure {373J55) (1,588,945) NET INCOME I (EXPENDITURE) AND NET MOVEMENT IN FUNDS 1,645 (30,445) Reconciliation of funds Total Funds Brought Forward (27,933) 2,512 TOTAL FUNDS CARRIED FORWARD 26288) £(27,933) Th¢ statement of financial activities includes all gains and losses recognised in the year. All incom¢ and expenditure derive from continuing activities. The not on pages 9 to 12 forni part of these Financial Stat¢ments.
CROWNHOST LIMITED LIMITED BY GUARANTEE BALANCE SHEET AS AT 31 MARCH 2024 CopnpaKy No.. 2522466 2024 2023 Notes CREDITORS: Amounts falling due within one year (26,288) (27,933) NET LIABILITIES £(26,288) £(27,933) FUNDS OF THE CHARrrY Unrestricted Funds (26,288) (27,933) TOTAL CHARITY FUNDS £(26288) 27,933) These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the Trustees and authorised for issue on z¥. and are signed on their behalf by: MR S Z ENGLANDER TrIRS R P ENGLANDER TRUSTEES The notes on pages 9 to 12 fonn part of these Financial Statements.
CROWNHOST LI1ITED IMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR _31 M_ARCH 2024 2024 2023 Iyet income l (expenditure) for the year 1,645 (30,445) Adjustments for: Increase / (Decrease) in creditors 90 (2.700) Net cash generatsd in operating activities 1,735 (33,145) C2sh floivs from investing activities: Interest receiv¢d Net cash provided by Investing activities Change in cash and cash equivalents in Ihe yeAr 1,735 (33,145) Cash and cash eqUiVentS at the beginning of the year (24,753) 8,392 CA8h and cash equivalents at the end of the year (23,018) (24,753)
CROWNHOST LIMITED IMITED BY GUARANTE NOTES TO THE FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENEIL4L LYFORMATION The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the principal office is 14 Leweston Place, London Nl 6 6RH. STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statctnent of Recommended Practice appl icable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ACCOUNTING POLICIES The following accounting policies have been used consistently in the preparation of the Financial Statements. BASIS of accounting The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Judgements and key sources of utimatioD UDeertainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and uihvr fJbLui's, iiiLludiiig expectations of future events that are believed to be reasonable under the circumstances, Fund accountlng Unrestricted funds are available for use at the discr¢tion of the trust¢¢s to further any of the harity's PUry)oses. Designated funds ar¢ unrestricted funds eanTAarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passedto the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Donations represent voluntary amounts receivable during the year. Investment Income is included in the accounts when receivable.
CROWNHOST LIMITED LIMITED BY GUAIUNTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IARCH 2024 ACCOUNTING POLICtES (Continued) Resources expended Expenditure is recognised as soon as there is a present obligation committing the Charity to pay out resources. it is probable that a transfer of economic benefits will be required in settlement and the amount can be measured or estimated reliably. Charitable Activities Grants are charged in the period in which paid. they comprise donations to third-party institutions in accordance with the charitable objects of the charity and its public beT)efit objectives. Support Costs Support costs are those costs which are common to all areas of the organisation. These are allocated across all areas of activity on th¢ basis of the number of service users for each activity. Governance costs Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity, These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts. Taxalion The Charity is not liable to direct taxation (corporation tax) on its income &8 it falls within the various exemptions available to registered Charities. Financial instruments A financial asset or a financial liability is recognised only when the entity b¢¢omes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transactlon costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a mark¢t rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration ¢xpected to be paid or received and not discounted. tkbt instruments are subsequently measured at amortised cost. DONATIONS AND LEGACIES 2024 2023 General Donations £375,000 £1,558,500 10
CROWNHOST LIMITED IMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITLES 2024 2023 Grant Funding Activities (Institutions) Support and Governance Costs (Note 6) 367,900 5,455 1.582,440 6,505 £373,355 £1,588,945 All grants paid relate to advancement of the Jewish Religion and relief of poverty. An analysis of grants paid is attached to these Financial Statements. SUPPORT AND GOVERNANCE COSTS 2024 2023 Auditors, Remuneration Independent Examiner's Remuneration Bank Charges and interest and sundry expenses Legal and professional 2,280 2,760 2,170 525 1,166 3,059 £5,455 £6,505 b'l'Ab'Tr COSTS Ill EMOLUMENTS AND PARTICULARS OF EMPLOYEES No Trustees or staff have been paid any remuneration or received any other benefits from the charity. No staff were employed by the charity during the reporting period. CREDITORS: AMOUNTS FALLtNG DUE WITHtN ONE YEAR 2024 2023 Bank overdraft Sundry creditors 23.018 3,270 24,753 3,180 £26,288 £27,933
CROWNHOST LIMITED LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 UNRESTRJCTED FUNDS Charitable Funds Balance at l April 2023 Net Outgoing Resources for the Year (27,933) 1,645 Balance at 31 March 2024 £(26288) 10. RELATED PARTY TRANSACTIONS There have been no related party transactions in the reporting period that require disclosur¢. 12
CROWNHOST LIMITED IMITED BY GUARANTEE ANALYSIS OF GRANTS FOR THE YEAR ENDED 31 MARCH 2024 Reeipients of IDStitutional Grants Bels AlOn Trust Limited Shir Chessed Bels Yisroel Success Stories Chevras Machzikei Mesifta Keren Chocljmas Shloma Trust Shaykel Esuh Other grants 149.500 46,200 40,000 33,000 24,500 20,000 54,700 £367,900