COMPANY REGISTRATION I¥UMBER: 05561846 CHARITY REGISTRATION NUMBER: 1113749 NEDIV LEV LTD Company Llmited by Guarantee UNAUDITED FII¥4AI¥4CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 COHEN ARNOLD Chartered accountants New Burlington House 1075 Fillchley Road LONDON NWII OPU
NEDIV LEV LTD coTrtPANY LIMITED BY GUAILTEE FtNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Pages Ito3 Trustees, annual report (incorporating the directovs report) Independent examinevs report to the trustees Statement of fmancial activities (including income and expenditure account) Statement of fmancial position Notes to the fmancial statements 7t013
NEDIV LEV LTD COIIIPANY LIMtTED BY GUARANTEE TRUSTEESI ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2025 The trustees. 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 March 2025. REFERENCE AL ADMtNISTRATIVE DETAILS li Registered charity name Charity registration number Company registration number 05561846 Principal oftTice and registered 150 Kerda1¢ Road oifice London N166PU Nediv Lev Ltd 11 l3749 The trustees Mr P N Brander Mts H Simon Mrs B M Zieg Mr A Brander (Resigned 2 September 2025) Company secretary Independent examiner Mrs S E Brander Asher Stemlicht FCA Cohen Arnold New Burlington House 1075 Finchley Road LONDON NWII OPU STRUCtURE, GOVERNANCE AND TrL4NAGEMENT The Charity is constituted as a Cornpany Limited by Guarantee, and is therefore governed by its Memorandum and Articles of Association. The Trustees administer the day-to-day affairs of the Charity. All Trustees give theii time voluntarily and no benefit or expense was paid to them in the year. It is not currently the intention of the Trustees of the Charity to appoint new Trustees. Should the situation change in the future, the Trustees will provide suitable recruitment training and induction procedures. GROUP STRUCTURE AND RELATIONSHIPS The Charity has a wholly owned non-charitable subsidiary, Pramdale Co. Limited. One of the Trustees, Mr P N Brander is a150 a Director in the Subsidiary Company. RISK IIIANAGEMENT The Trustees bave identified and reviewed the major risks to which the Charity IS exposed, in particular those relating to the operations and fll]an¢es of the Charity, and are satisfied that the systems are in place to manage those risks.
NEDIV LEV LTD COMPANY LIMITED BY GUARANTEE TRUSTEESI AIYNUAL REPORT ONCORPOIL4TING THE DIRECTORIS REPORT) (eoMllnHed) YEAR ENDED 31 MARCH 2025 ORJECTIVES AND ACTIVITIES The Clwity is established to promote any charitable purposes for the benefit of the members of the Orthodox Jewish community and in particular the advancement of education and the relief of poverty, sickness, hardship and distress. The Charity raises funds primarily from its trading subsidiary and through investing sUlUS funds. The aim is to distribute these profits to organisations that fall within the objectives of the Charity. The Trustees confinn their compliance with the duty to have due regard to the public benefit guidance published by tbe Charity Collullission when r¢vi¢wing the Charity's aims and objectives and in planning activities. ACHIEVEMENTS AND PERFORhL4NCE The Charity made grants totalling £59.702 (2024: £82,208) to other Charities. The benefits that these Charities provide include: Financial support to the poor Relief of sickness and disabilities Jewish education and places of worship for the Jewish community FINANCL4L REVIEW The fmancial position of the Charity and its subsidiary is satisfactory. The Charity's Financial Statements show a net revenue loss of £47,866 (2024.. surplus of £16,770) and total reserves of £606,158 (2024: £654,014). Voluntary income during the year amounted to £31,400 and income from investments aggregated £12,054. Total resources expended were £67,410. The financial results of the Charity's activitie5 for the year to 31 March 2025 are fully reflected in the attached Financial Statements together with the Notes thereon. Reserves Policy It is the policy of the Charity to maintain unrestricted funds at a level which the Trustees consider appropriate after taking account of its future commitments. Grant making policy The Trnstees are approached for donations by a wide variety of charitable institutions operating in the United Kingdom. The Trustees consider all requests wbich tbey receive and make donations based on the level of fid$ available. Principal Funding Sources The Charity's principal fimding sources in the year were its investment portfolio, together with donations received from the subsidiary Company. PLAINS FOR FufuRE PERIODS The Charity plans to continue the activities outlined above in the forthcoming years subject to satislactory incoming resources.
NEDIV LEV LTD COMPANY LIMITED BY GUARANTEE TRUSTEESI AI¥NUAL REPORT ONCORPORATING THE DIRECTORIS REPORT) (eoMllnMedJ 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. The trustees, annual report was approved on q and signed on bebalf of the board of trustees by: Mr P N Brander Trustee
NEDIV LEV LTD COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEDIV LEV LTD YEAR ENDED 31 MARCH 2025 I report to the trustees on my examination of the fiLwicial statements of Nediv Lev Ltd ('the clMrity') for tbe year ended 31 March 2025. RESPONSIBILITIES AND BASIS OF REPORT As the 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 llot 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 201 l Act,). In carrying out my examinatlOD I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT li I have completed my examination. I confirnj that no matters have come to my attention in connection with the exatnination giving me cause to believe: accounting records were noi kept in respect of the cbarity as required by section 386 of the 2006 Act. or the fanCIal statements do not accord with those record5; or the tinancial 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 fmancial statements have not been prepared in accordance with the meihods and principles of the Statement of Reconunended Practkce for accounting and reporting by charities applicable to Cbartties 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 attelltioll should be drawn in ihis report in order to enable a proper understanding of the accounts to be reached. Aslier Sternlicht FCA Cohen Arnold Independent Examiner New Burlington House 1075 Fincbley Road LONDON NWII OPU q £M&t2 ?&1>"
NEDIV LEV LTD COMPANY LIMITED BY GUAIL4NTEE STATEMEIYT OF FINAI¥CIAL ACTIVITIES (11¥4CLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 2025 2024 Unrestricted fillS Total funds Total funds Note Income and endowments Donations and legacies Investment income 31,400 18,144 31.400 18,144 49,544 103,840 12,850 Total income 49,544 116,690 Expenditure Expenditure on raising llds: Investtnent management costs EXpendItte on charitable activities Total expenditure (6,090) (61.310) (67,400) (6,090) (61.320) (67,410) (1,169) (83,751) (84.920) Net losses on investments 11 (30,000) (30,000) (15,000) Net (expenditure)lillcome and Det movement ID funds (47,856) (47,866) 16,770 Reconciliation of funds Total funds biougELt forward Total funds carried forward 654,014 654,014 637,244 606,158 606,158 654,Ol4 The statement of funcial activities includes all gains and losses recogllised in the year. All income and expenditure derive from continuing activities. The no¢es on page5 7 to 13 form part of these (Inancial statements.
NEDIV LEV LTD COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 MARCH 2025 2025 2024 Note FIXED ASSETS Investments 15 460,000 490,000 CURRENf ASSETS Debtors Casb at bank and in hand 16 49,497 98.891 166,697 166,697 148J88 CREDITORS: amounts falling due within one year NET CURRENT ASSETS 17 (2,240) (2,683) 164,014 146,148 TOTAL ASSETS LESS CURRENT LIABILITIES 606,148 654,014 FUNDS OF THE CIL4RITY Unrestricted funds 606,158 606,158 654,014 Total charity funds 18 654,014 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small compatkies. 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. Tbe directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of fmancial statements. These fAnancial statements have been prepared in accordance with the provisions applicable to companies subject to tbe small companies, regime. Tl)L5e kiii<ini ia sl<?tLiiieiits were Lipproved by the board of trustees and authorised for issue on and are signed on belilc If of the board by: Mr P N Brander Trustee The notes on pages 7 to 13 form parl of ibese fmanclal $tatementS.
NEDIV LEV LTD COMPANY LIMITED BY GUAIL4NTEE NOTES TO THE FINANCIAL STATEMENTS YEAR EIYDED 31 MARCH 2025 General information The charity is a public benefit entity and a priwate company limited by guarantee, registered in England and Wales and a registered cljarity in England and Wales. The address of the registered office is 150 Kyverdale Road, London, N l6 6PU. 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,, tbe 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 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 lair value through income or expenditure. The fllrancial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the cbarity's ability to continue. Consolidation The charity is not required to prepare consolidated accounts in accordance with the Charilies Act 2011, and has taken advantage of the option not to prepare consolidated t-mancial statements contained in Section 398 ot. the Companies Act 2006 on tbe basis that the charity and its subsidiary undertakings comprise a small group. Judgements and key sources of estimation uncertainty The preparation of the fmancial statements requires management to make judgements, estunates 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'5 PU05eS. Designated fLmds are unrestricted fimds earniarked by the trustees for particular future project or con]mitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the tern]s of an appeal, and fall into one of two sub-classes: restricted income funds or endowment nds.
NEDIV LEV LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS Ic ontinued) YEAR ENDED 31 MARCH 2025 Accounting policies feomllnued) Incoming resources All incoming resources are included in the statement of financial activities wben entitlement has passed to the charity. it is probable that the econoinic benetits associated witb 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 at]d its amount Can be measured reliably. Resources expended Expenditure is recognised as soon as there is a present oblAgation committing the Clwity to pay out resources, it is probable tbat a transfer of ecollomic benefits will be required in settlement and the amount can be measured or estimated reliably. Support costs Support costs are those costs which are common to all areas of the organisation. These are allocated acros5 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 charity and relate to Ihe general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitt]tional and statutory requirements such as the cost of Tn]stee meetings and the preparation of the statutory accounts. Investment in subsidiary UDdertakiDg Shareholdings acquired are included at market value; any SuLuS or deficit on revaluation is shown in the Statement of Financial Activities. Investment properties Investment Properties are included in the Balance Sheet at fair value in accordance with Statement of Recommended Practice (SORP). Investment propety fair value is detemiined by the Trustees based on their undeistanding of propety market conditions and the specific propety concerned. Unrealised gains and losses are shown in the Statement of Financial Activities. Impairment of fixed asset5 A review for indicators of impairn]ent is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the Carrying value exceeds the recoverable amount, the asset is impaited accordingly. Prior impainnents are also reviewed for possible reversal at each reporting date.
NEDIV LEV LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINAlYCL STATEMENTS (conliRued) YEAR ENDED 31 MARCH 2025 AccouDting policies (conlinued) Financial instruments A fmancial asset or a fmancial liability is recogllised only when the entity becomes a party to the contractual provisions of the instrument. Basic fmancial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a fllrdncing transaction, where it is recognised at the present value of tbe fumre payments discounted at a market rate of interest for a similar debt instnunent. Cutrent assets and current liabilities are subsequently measured at the cash or other consideration expected to b¢ paid or received and not discounted. Debt instriunents are subsequently measured at amortised cost. Limited by guarantee The company is limited by guarantee. Donations and legacies Unre5tri¢ted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 DONATIONS Donations received 31,400 31,400 103,840 103,840 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from investment properties 18,144 18,144 12,850 12,850 Investment management costs Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Propety repairs and maintenance cbarges 6,090 6,090 1,169 1,169
EDIV LEV LTD COIWIPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eonllNued) YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities by fund t)Tre Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Education, Furtherance of Jewish Religion and Alleviation of Poverty Support costs 59,692 1,618 59,702 1.618 82,208 1,543 82,208 1,543 61,310 61,320 83,751 83,751 Expenditure on charitable activities by activity type Grant funding of activities Support costs Total funds 2025 Total fLmd 2024 Education, Furtherance of Jewish Religion and Alleviation olPovety Governance costs 59,702 59.702 1.618 82,208 1,543 E,618 59,702 1,618 61,320 83,751 10. Analysis of grants 2025 GRANTS TO INSTITirrioNS Friends of Mercaz Hatorah Belz Macnivka Amud Hatzdokoh Trust Machzikei Lomdei Torah Heicbalei Hakodesh Centre Machnovke Belz M.L.T. Belz Belz Machnovka (MIC) Ltd Kollel D'chasidei Belz Other donations less than £500 38,315 10,000 6,000 1,511 1.966 Total grants 59,702 11. Net losses on investments Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Net losses on revaluation of investments (30,000) (30,000) (15,000) (15,000) io
NEDIV LEV LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (colllln¥*d) YEAR ENDED 31 MARCH 2025 12. Independent examination fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the fmaocial statements 1,110 1,080 13. Staff costs There were no employees dwing the year. The average head count of employees during the year was Nil {2024.. Nil). No employee received employee benefits of more than £60,000 during the year (2024: Nil). 14. Trustee remuneration and expenses No Trustees have been paid any remuneration or received any otber benefits from the charity. 15. Inve5tmeDt5 SELares in group Other undertakings investments Total Valuation At l April 2024 Additions Fair value movements 290,000 200,000 490,000 (30,000) 260,000 (30,000) 460,000 At 31 March 2025 200,000 Impairment At l Apiil 2024 and 31 March 202$ CarryiDg amount At 31 Ilqarch 2025 260,000 200,000 200,000 460,000 490,000 At 31 March 2024 290,000 All investments shown above are held at valuation. The Company's investment properties were valued by the trustees, based on their understanding of propety market conditions and the specific property concerned. The historical cost of the investment properties is £153,517. The Company holds the whole of the issued Share Capital of Pramdale Co. Limited which is incorporated ill Great Britain and registered in England. li
NEDIV LEV LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCL4L STATEMENTS (eonrfMMed) YEAR ENDED 31 MARCH 2025 16. Debtors 2025 2024 Amounts owed by group undertakings 49,497 17. Creditor5: amounts falling due within one year 2025 2024 Other creditors 2,240 2,683 18. Analysis of charitable funds Unrestricted funds At l April 2024 Gains and At31 losses March 2025 Income ExpendltLe General tunds 654,014 49,544 (67,400) (30,000) 606,158 At l April 2023 Gains and At31 losses March 2024 Income Expenditure General funds 637,244 116,690 (84,920) (L5,000) 654,014 19. Analysis of llet assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Investments Current assets Creditors less than l year Net assets 200,000 260,000 148,388 (2,240) 606,148 200,000 260,000 148,388 (2,240) 606.148 Unrestricted Total Funds Funds 2024 Tangible fed assets Investments Current assets Creditors less than l year Net a55et$ 200,000 290,000 166,697 (2,683) 654,014 2(K),000 290,000 166.697 (2,683) 654,014 12
NEDIV LEV LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conrfRued) YEAR ENDED 31 MARCH 2025 20. Related parties Included in donations received are atnounts aggregating £31.000 received from the subsidiary UDdertalang, Pramdale Co. Limited. Included in Other debtors is an interest free loan of £49,497 owed by the subsidiary undertaking, Pramdale Co. Limited. 13