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COMPANY REGISTRATION NUMBER: 04263029
CHARrrY REGISTRATION NUMBER: 1106673
LTC Trust Co
Company Limited by Guarantee
Unaudited Financial Statements
31 August 2024

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LTC Trust Co
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2024
Page
Trustees, annual report (incoo)orating the directorfs report)
Independent exarniner's report to the trustees
Statement of financial activities (including income and expenditure
account)
Statement of financial position
Notes to the financial statements
The following pages do not form part of the fmancial statements
Detailed statement of financial activities
15
Notes to the detailed statement of financial activities
16

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LTC Trust Co
Company Limited by Guarantee
Trnstees, Annual Report (Incorporating the Director, s Report)
Year ended 31 August 2024
The trnstees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 August 2024.
Reference and administrative details
Registered charity name
Charity registration number 1106673
Company registration nurnber 04263029
Principal office
8 Durweston Street
London
WIH IEW
LTC Trust Co
Registered office
8 Durweston Road
London
WIH IEW
The trustees
Mr M Weiss
Dr D B Landau
Independent examiner
Dov Harris FCA
New Burlington House
1075 Finchley Road
LONDON
NWII OPU

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LTC Trust Co
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (¢oN¢iBued)
Year ended 31 August 2024
Structure? governance and management
Governing document
The official name of the Charity is LTC Trust Co. The charity is a company limited by guarantee and
as such is governed by its Memorandum and Articles of Association.
Appointment, Training and Recruitment of Trustees
All current trustees are company members and no honorary members have been appointed. The
trnstees administer the day-to-day affairs of the charity. Every trustee holds office until helshe shall
die or shall cease to hold office by virtue of Article 56 of the Articles of Association.
It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation
change in the future, the trustees will apply suitable recrnitment training and induction procedures.
None of the trustees have any beneficial interest in the charity.
Risk management
The trustees have identified and reviewed the major risks to which the charity is expose(L in
particular those related to the operations and finance of the charity, and are satisfied that systems aTe
in place to mitigate those risks.
Financial risk management and policies
The charity holds or issues financial instruments in order to achieve two main objectives being:
a) to finance its operations
b) to generating fLmds.
addition various financial instniments (e.g. other debtors, other creditors, accruals and
prepayments) arise directly from the charity's operations.
Credit risk
The charity monitors credit risk closely and considers that its current policies of CTedit risk checks
meets its objectives of managing exposure to credit risk
Amounts shown in the balance sheet represent the maximum credit exposure in the event other parties
fail to perforni their obligations under the financial instruments.
It is recognised that systems can only provide reasonable but not absolute assurance that major risks
have been adequately managed.

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LTC Trust Co
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2024
Objectives and activities
The objectives for which the charity is established the advancement of the Jewish religion and the
advancement of education in particular (but without prejudice to the generality of the foTegoing) by:
(a)
establishing or assisting in the establishment of and maintenance and operation of a
college for the education and training of rabbis, ministers, readers, teachers and other
Talmudic scholars" and
(b)
to assist such rabbis and students who are in need by providing accommodation,
maintenance grants, books and such other relief as the trustees think fit.
The trustees confirni that they have referred to the guidance contained in the Charity Commission's
general guidance on public benefit when reviewing the charitls aim and objectives and in planning
future activities and setting the grant making policy.
This principal activity of the charity during the year was the provision of scholarships and grants to its
students and the maintenance and operation of a college for the education and training of rabbis,
ministers, readers, teachers and other Talmudic scholars. In doing so, the charity has complied with
its duty to act for public benefit in accordance with section 4 of the Charities Act 2006.
Acbievements and performance
The demands on the charity's funds were in line with expectation for the year under review and the
trustees expect the demands to remain at a similar level in future years.
Financial review
The charity is solely dependent upon donations from the community and other charitable
organisations.
The charity spent £346,250 in the year (2023: £355,539) towards its charitable purposes.
Reserves Policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity,
at a level which the trustees think appropriate after considering the expected income, the future
comniitments of the charity and the likely governance costs of the charAty for the next year.
The negative funds at the year end have been funded by long time supporters of the charity, who have
agreed to fund the activities of the charity for another year.
Investment Powers, Policy and Objectives
In accordance with the trust deed, the trustees have the power to make any investment which the
trustees see fit. The tnistees regularly review the chatity's position and needs in respect of the
investment policy.
Plans for future periods
The charity plans continuing the activities outlined above in the forthcoming years subject to
satisfactory incoming resources.

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LTC Trust Co
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (¢onliRued)
Year ended 31 August 2024
The trustees, annual report was approved on 17 February 2025 and signed on behalf of the board of
trustees by:
Do¢uSlgned tsy-
28A04775C932437._
Dr D B Landau
Trustee

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LTC Trust Co
Company Limited by Guarantee
Independent Examlner's Report to the Trustees of L TC Trust Co
Year ended 31 August 2024
I report to the trustees on my examination of the financial statements of LTC Trnst Co (Ihe charity,)
for the Ye￿ ended 31 August 2024.
Responsibilities and basis of Teport
As the tnistees 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 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,(KJO your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confinn that I 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:
l. accounting records weTe not kept in respect of the charity as required by section 386 of the 2006
Act: or
2. the financial statements do not accord with those records: or
3. 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 and fair, view which is not a matter
considered as part of an independent examination: or
4. the financial statements have not been prepared in accord8mce 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 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
account to be reached.
Dov Harris FCA
Independent Examiner
New Burlington House
1075 Finchley Road
LONDON
NWII OPU
17 February 2025

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LTC Trust Co
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2024
2024
Unrestricted
funds Total funds Total funds
2023
Noie
Income and endomqnents
Donations and legacies
Total incorne
390,376
390,376
390,376
382,134
382,134
390,376
Expenditure
Expenditure on charitable activities
Total expenditure
349,370
349,370
349,370
358,659
358,659
349,370
Net income and net movement in funds
41,(K)6
41,006
23,475
Reconciliation of funds
Total funds brought forward
Total funds carried forward
(2,218)
38,788
(2,218)
38,788
(25.693)
(2,218)
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 8 to 13 form part of these financial statements.

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LTC T￿￿t Co
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
2024
2023
Note
Current assets
Cash at bank and in hand
41,9)8
25,903
Creditors: amounts falling due within one year
Net current assets
12
3,120
28,121
38,788
38,788
38,788
(2,218)
(2,218)
(2,218)
Total assets less current liabilities
Net assets
Funds of the charity
Unrestricted funds
38,788
38,788
(2,218)
(2,218)
Total charity funds
13
For the year ending 31 August 2024 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These fmancial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were appmved by the board of trustees and authorised for issue on 17
February 2025, and are signed on behalf of the board by:
Doouslgned by:
2aA04775C0324J7...
Dr D B Landau
Trustee
The notes on pages 8 10 13 form part of these financial statements.

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LTC Trust Co
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is 8 Dunveston Road, London, WIH IEW.
Statement of compliance
These financial statements have been prep￿ed in compliance Thith FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Treland,, the StatemeDt 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 Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue. The current deficit has
been funded by the loan creditors who have agreed to continue funding the charity for a further
year and have agreed not to request payment within the next twelve months.
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defmed in FRS 102. As such, advantage
has been taken of the disclosure exemptions that no cash flow statement has been presented for
the company.
Judgements and key sources of estimation uncertainty
There are no judgements, estimates and assumptions that affect the amounts reported.
Taxation
The charity is not liable to direct taxation on its income as it falls within the various exemptions
available to registered charities. The charity is not registered for value added tax (VAT) and is
therefore unable to reclaim any input it suffers on its purchases. Expenditure in the financial
statements is therefore shown inclusive of VAT where appropriate.

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LTC Trust Co
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
Accounting policies (eoBitrnued)
Fund accounting
Unrestricted funds aTe available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unTestiicted funds earnwrked by the trustees for particular future project or
conmiitment.
Restricted funds are sllbjected to restrictions on their expenditure declared by the donor or
through the ternis 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
passed to 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. The following specific policies
are applied to particular categories of income:
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.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the
donor or the estimated Tesale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
reqll1ren￿nt for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.

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LTC Trust Co
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
Accounting policies (conlinuffd)
Resources expended
Expenditure is reco￿lSed 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 statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of aIR fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance 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 activAties.
All 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 costs are
apportioned between the activities they contribute to on a reasonable, justifiable and consistent
basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity 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.
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.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less 1mpairn￿nt.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond nornial business tern￿ or financed at a rate of interest
that is not a market Tate, in which case the asset is measured at the present value of the future
payments discounted at a market Tate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
reCO￿lSed in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
io-

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LTC Trwt Co
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
Accounting policies (conlinued)
Financial instruments (Conlillued)
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impainnent at the end of each reporting date. If there is objective evidence of impairnient, an
impaimient loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was reCO￿lSed.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairnient. Other financial assets
are either assessed individually or grouped on the basis of similar credit risk chardcteristics.
Any reversals of impairnjent are recognised immediately, to the extent that the reversal does not
result in a Ca￿Ing amount of the financial asset that exceeds what the carrying amount would
have been had the impairnlent not previously been recognised.
Limited by guarantee
The charity is a company limited by guarantee and has no share capital. The liability of each
member in the event of winding up is limited to an amount not exceeding £10.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
390,376
390,376
382,134
382,134
Expenditure on charitable activities by fund type
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations made
Support costs
346.250
3,120
346,250
3,120
355,539
3,120
355,539
3,120
349,370
349,370
358,659
358,659
Expenditure on charitable activities by actiVAty type
Grant funding
of activities Support costs
Total funds
2024
Total fund
2023
Donations made
Governance costs
346,250
346,250
3,120
355,539
3,120
3,120
346,250
3,120
349,370
358,659
-11.

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LTC T￿￿t Co
Company Limited by Guarantee
Notes to the Financial Statements fconllnued)
Year ended 31 August 2024
Support costs
Support costs Total 2024 Total 2023
Governance costs
3,120
3,120
3,120
Analysis of grants
2024
2023
Grants to institutions
Maintenance and Operation of College of Education
Grants to individuals
Provision of scholarship and grants to students and training of
Rabbis, etc
Total grants
108,(X)O
88,839
238,250
346,250
266,700
355,539
10. Independent examination fees
202A
2023
Fees payable to the independent examiner for:
Independent examination of the financial statements
3,120
3,120
11. Trustee remuneration and expenses
The charity has no staff other than the 2 tDJstees, all of whom give freely of their time and
expertise without any forn] of remuneration or other benefit in cash or kind (2023: £nil).
12. Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
Other creditors
3,120
3,120
25,(K)I
3,120
28,121
12-

LTC Trust Co
Company Limited by Guarantee
Notes to the Financial Statements (¢t>nltnued)
Year ended 31 August 2024
13. Analysis of charitable funds
Unrestricted funds
At
I September
2023
At
31 August 20
Income Expenditure
General funds
(2,218)
390,376
(349,370)
38,788
At
I September
2022
At
31 August 20
23
Income Expenditure
General funds
(25,693)
382,134
(358,659)
(2,218)
14. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Current assets
Creditors less than l year
Net assets
41,908
(3,120)
38,788
41,908
(3,120)
38,788
Unrestricted Total Funds
Funds
2023
Current assets
Creditors less than l year
Net assets
25,￿3
(28,121)
(2,218)
25,903
(28,121)
(2,218)
13-

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LTC Trust Co
Company Limited by Guarantee
Management Inforniation
Year ended 31 August 2024
The following pages do not forni part of the fmancial statements.
14-

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LTC Trust Co
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 August 2024
2024
21r23
Income and endowments
Donations and legacies
Donations
390,376
382,134
Total income
390,376
382,134
Expenditure
Expenditure on charitable activities
Rent
Legal and professional fees
Grants paid
108,000
3,120
238,250
349,370
88,839
3,120
266,700
358,659
Total expenditure
349,370
358,659
Net income
41,(X)6
23,475
15-

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LTC Trust Co
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 August 2024
202A
2023
Expenditure on charitable activities
Donation5 made
Grnntfvnding activities
Grant charitable activity- rent
Grant charitable activity - grants paid
108,0(X)
238,250
88,839
266,700
346,250
355,539
Governance costs
Governance costs - accountancy fees
3,120
3,120
Expenditure on charitable activities
349,370
358,659
-16-