CROWNHOST LIMITED LIMITED BY GUARANTEE Company No: 2522466 Charity No: 1081750 FINANCIAL STATEMENTS for the year ended 31 MARCH 2025 COHEN ARNOLD CHARTERED ACCOUNTANTS LONDON NWI I OPU
CROWNHOST LITrllTED LIMITED BY GUARANTEE INDEX TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31 MARCH 2025 Page Reference and Administrative tnforniation Trustees Report Independent Examiner's report Statement of Financial Activities (incorporating the Income and Expenditure Account) Balance Sheet 8- 11 Notes to the Financial Statements
CROWNHOST LIMITED LIMITED BY GUARANTEE REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDFD 31 MARCH 2025 GOVERNORS (TRUSTEES): Mr S Z England¢r (Chairn]an) Mrs R P Englander Mr M Spitzer Mr J Stem SECRETARY: Mrs R P Englander PRINCIPAL ADDRESS: 14 Leweston Place London N166RH REGISTERED OFFICE: New Burlington House 1075 Finchley Road London NWI I OPU INDEPEM)ENT EXAMINER: Asher Sternlicht FCA Cohen Arnold New Burlington House 1075 Finchley Road London NWI I OPU PRINCIPAL BANKERS: Barclays Bank PIC COMPANY NUMBER: 2522466 CHARITY NUIVIBEIL. 1081750
CROWNHOST LIMITED IMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THf YEAR ENDED 31 IWIARCH 2025 The Trustees, who are also Directors for the puOseS of Company Law, have pleasure in presenting their Annual Report and the Financial Statements of the Charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE INFoR1ATIoN Reference and Administrativc Information of the Company is shown on Page l of the Financial Statements and fonns part of this report. STRUCTURE, GOVERNANCE AIYD MANAGEMENr Governing Documenl Crownhost Limited is a Company limitcd by guarantee governed by its Memorandum and Articles of Association. Organifation The Charity is administered by the Governors who are the Trustees. Every Trustee holds office until helshe shall die or shall cease to hold office by virtue of the Articles of Association. The day-to-day affairs of the Company ar¢ administered by the Trustees whose Chairnian is Mr S Z Englander. Where there is a requirement for new Trustees, these would be identified and appointed by the remaining Trustees. The Chainnan of the Tnjstees would be responsible for the induction of any new Trustee, which involves awareness of a Trustee's responsibilities, 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 recognised by English Law as charitablc. To achieve these objects. the Company utilises its income to make grants and donations. The Trustees confirm th¢ir compliance with the duty to have duc regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activitics. Granl 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 thcy receive and make donations based on the level of funds available.
CROWI¥HOST LIMITED LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR TI.IL YEAR ENDED 31 IVIARCH 2025 ACHIEVEMENTS AND PERFORMANCE During the year the Company continued to pursue its philanthropic objects in support of educational, religious and other Charitablc Organisations which is in accordancc with the guidance of the Charity Commission relating to Public Benefit. The financial rcsults of the Company for the year ended 31 March 2025 arc fully reflected in the attached Financial Statements togethcr with the Notes thercon. Grants and donations in the year totalled £159,480 (2024: £367,900). FINANCIAL REVIEW FinancialPosilion The financial position of the Charity is satisfactory. Income from donations and investments awegated £167,000. Totsl resources expended were £165J67 resulting in a net surplus of £1,633 for the year and total reserves of £24.655 (deficit) (2024 - £26,288 (deficit)). Reservu 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 Uncert(unties and Risk Managemenl 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 are in place to manage those risks. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately tnanaged. Principalfunding sources The charitable company's principal funding sources were donations received from related Companies PLANS FOR FtrruRE PERIODS The Trustees plan to continue making distributions in accordance with their grant-making policy and to ensure that the ability to generate sufficient incotne is maintained to achieve that end.
CROWNHOST LIMITED LllWIITID BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 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 on 26 Iir!u,ILy. bz6, including in their Capacity as Company Directors. By Order of the Trustees Mrs R P Engiander - (Secretary)
CROWNHOST LIIKITED LIMITED BY GUARANTEI ]ThDEPENDENT EXAMINER'S REPORT TO THE GOVERNORS OF CROWNHOST LIIVllTED YEAR EIYDED 31 MARCH 2025 RUSTEII S I report to the trustees on my examination of the financial statements of Crownhost Limited ('the charity,) for the year ended 31 March 2025. RESPONSIBILITIES AIYD BASIS OF REPORT As th¢ trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of th¢ 2006 Act and are eligible for independent examination, J report in respect of my examination of the charity's accounts as carried out under section 145 of the Charttics Act 2011 {'the 201 l Act,). In carrying out my exalnination I have followcd the Directions given by the Charity CoTnmission under section 145(5)(b} of the 2011 Act. INDEPENDENT EXAMtNER'S STATEMENT li Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 20 I l Act. I confirni that l am qualified to undertake the examination because I 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 records 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 requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf 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 preparing their accounts in accordance with the Financial Rcporting Standard applicable in the UK aDd Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with thc examination to which attention should be drawn in this report in ordcr to enable a proper understanding of the accounts to be reached. ier ternliehl FCA Independent Examiner Cohen Arnold New Burlington House 1075 Finchley Road London NWI I OPU Date: 26 TANIVAKY... 2026
CROWNHOST LIllllTED LIIWIITED BY GUARANTfi STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING TIIE INCOlE & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 Unrestricted Funds 2024 Unrestricted Funds Notes INCOME AND ENDOWMENTS Donations and Legacies 167,000 375.000 Total Income 167,000 375,000 EXPENDrruRE Expenditure on Charitable Activities 165J67 373,355 Total Expenditure (165,367) (373,355} NET INCOME AIYD NET MOVEMENT ]N FUNDS 1,633 1,645 Reconciliation of funds Total Funds Brought Forward (26,288) (27,933) TOTAL FUNDS CARRIED FORWARD £(24,655) £(26,288) The statement of flnancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to I I forni part of these Financial Statements.
CROWNHOST LIMITED LIMITED BY GUARANTEE BALANCE SHEEI I. AS AT 31 MARCH 2025 Company No.. 2522466 2025 2024 Notes CREDrroRS: Amounts falling due within one year (24,655) {26,288) IYET LIABILITIES £(24,655) £{26,288) FUIWS OF THE CHARITY Unrestricted Funds (24,655) (26,288) TOTAL CHARITY FUNDS £(24,655) 26,288) 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 %..)fiV..2 and are signed on their behalf by: MRSZ GLANDER IWIS R P ENGLANDER TRUSTEES The notes on pages 8 to I I fonn part of these Financial Statements.
CROWNHOST LIMITED LIMITED BI GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 GENERAL INFORIIIATION 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 N16 6RH. sTATElENT 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 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) (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 flnancial assets and liabilities and measured at fair value through income or expenditure. Th¢ financial statements are prepared in sterling, which is the functional currency of the entity. Judgements and key sources of estimation uncertainty 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 other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earniarked 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 tenns of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Illeoming resourees 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 grant5 is recognised when there is evidence of eLltitlement 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 GUARANI'EE NOTES TO THI FINANCIAL STATEMENTS FOR THE YI4 AR ENDED 31 I[ARCH 2025 ACCOUNTING POLICIES (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. Cbaritable 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 publAC benefit 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 the basis of the number of service users for each activity. Governance costs Governance costs are associated with the governance arrangements of the charty 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. Taxation Th¢ Charity is not liable to direct taxation (Cooration tsx) on its income as 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 becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction. where it is recognised at the present value of the future payments discounted at a matket rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. DONATIONS AND LEGACIES 2025 2024 General Donations £167,000 £375,000
CROWNHOST LIMITED LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR INDED 31 MARCH 2025 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES 2025 2024 Grant Funding Activities (Institutions) Support and Governance Costs (Note 6) 159,480 5,887 367,900 5,455 £165,367 £373,355 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 2025 2024 Independent Examiner's Remuneration Bank Charges and interest and sundry expenses Legal and professional 3,030 2,857 2,760 2,170 525 £5,887 £5,455 STAFF COSTS AND 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 FALL¥G DUE WITHIN ONE YEAR 2025 2024 Bank overdraft Sundry creditors 21,205 3,450 23,018 3,270 £24,655 £26,288 10
CROWNHOST LIIVIITED IMITED BY GUARANTEE OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 UNRESTRICTED FUNDS Charitable Funds Balance at l April 2024 Net Incoming Resources for the Year (26,288) 1,633 Balance at 31 March 2025 £(24,655) 10. RELATED PARTY TRANSACTIONS There have been no related party transactions in the reporting period that require disclosure.
CROWNHOST LllkUTED LIMITED BY GUARANTEE ANALYSIS OF GRANTS FOR THE YEAR ENDED 31 IVIARCH 2025 Recipients of lDStitutional Grants Ponevez Institutions Bnei Braq Israel Heichalci Hakodesh Centre Machnovke Belz Success Stories Bait Limud Vchessed Ichud Mosdos Gur Limited Other grants 40,000 12,800 32,000 i 0,000 10.000 54,680 £159,480