REGISTERED COMPANY NUMBER: 05854615 (England and Wales) REGISTERED CHARITY NUMBER: 1115607
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
FOR AVIV CT LIMITED
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
AVIV CT LIMITED
## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|2|
|Independent Examiner's Report||3||
|Statement of Financial Activities||4||
|Balance Sheet|5|to|6|
|Notes to the Financial Statements|7|to|11|
AVIV CT LIMITED (REGISTERED NUMBER: 05854615)
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
## OBJECTIVES AND ACTIVITIES
## Charitable objects
The principal activity of the company was that of a charity, with particular reference to the advancement of education in and the religion of the orthodox Jewish faith, the relief of poverty and for such other purposes as are recognised as charitable by English law.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the trust's aims and objectives and in planning future activities and setting the grant making policy for the year. There have been no material changes in the objectives or policies of the charity during the year under review.
To achieve the objects, the charity accepts donations and grants, receives investment income and makes charitable donations and grants to Jewish schools, other educational organisations and other charities.
## ACHIEVEMENT AND PERFORMANCE
Review of activities and achievements
In furtherance of the objects as stated above, the trustees have accepted donations and grants, have received investment income and have made charitable donations and grants as shown in the attached statement of financial activities.
The balance sheet shows a satisfactory position with undistributed unrestricted funds amounting to £113,251, restricted funds amounting to £117,316 and Endowment funds amounting to £180,000. The Endowment fund represents a donation from Aconsfield Limited.
## FINANCIAL REVIEW
## Investment powers, policy and performance
The charity is able to make any investment which the trustees see fit subject to any conditions (if any) imposed or required by law.
## FUTURE PLANS
The Trustees continue to support various institutions in accordance with the charity's aims.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
The organisation is a charitable company limited by guarantee, incorporated on 22 June 2006 and registered as a charity on 28 July 2006, being registered with the Charity Commission. The company was established under a Memorandum of Association and is governed under its Articles of Association.
As AVIV CT LIMITED is a company limited by guarantee it does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
## Organisational structure
The trustees meet at several times during the year, to consider the various ways of advancing the principal activities of the charity. The power to appoint new trustees is vested in the continuing trustees.
## REFERENCE AND ADMINISTRATIVE DETAILS
## Registered Company number
05854615 (England and Wales)
Page 1
AVIV CT LIMITED (REGISTERED NUMBER: 05854615)
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2020
Registered Charity number 1115607
## Registered office
First Floor, Winston House 349 Regents Park Road London N3 1DH
## Trustees
Mr M D Frankel (resigned 3.12.20) Mr J Pearlman (resigned 3.12.20) Mrs S M Roth (deceased 26.5.20) Mr A P Rose
## Independent Examiner
Mr Aryeh Melinek Bsc FCA Institute of Chartered Accountants in England and Wales Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
Approved by order of the board of trustees on 28 April 2021 and signed on its behalf by:
Mr A P Rose - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AVIV CT LIMITED (REGISTERED NUMBER: 05854615)
## Independent examiner's report to the trustees of Aviv CT Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2020.
## Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts 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 fair view which is not a matter considered as part of an independent examination; or
4. the accounts 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 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.
Mr Aryeh Melinek Bsc FCA Institute of Chartered Accountants in England and Wales Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
28 April 2021
Page 3
AVIV CT LIMITED
## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2020
|Unrestricted
Restricted
Endowment
fund
fund
fund
Notes
£
£
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
70,756
-
-
Investment income
2
4,027
-
-
Total
74,783
-
-
EXPENDITURE ON
Charitable activities
3
Charitable activities
22,120
-
-
Net gains/(losses) on investments
(27,335)
-
-
NET INCOME
25,328
-
-
RECONCILIATION OF FUNDS
Total funds brought forward
87,623
117,316
180,000
TOTAL FUNDS CARRIED
FORWARD
112,951
117,316
180,000|2020
Total
funds
£
70,756
4,027
74,783
22,120
(27,335)
25,328
384,939
410,267|2019
Total
funds
£
-
6,285|
|---|---|---|
|||6,285
2,669
40,521|
|||44,137
340,802|
|||384,939|
The notes form part of these financial statements
Page 4
AVIV CT LIMITED (REGISTERED NUMBER: 05854615)
## BALANCE SHEET 30 JUNE 2020
|Unrestricted
Restricted
Endowment
fund
fund
fund
Notes
£
£
£
CURRENT ASSETS
Debtors
5
-
-
-
Investments
6
159,482
117,316
180,000
Cash at bank
53,161
-
-
212,643
117,316
180,000
CREDITORS
Amounts falling due within one
year
7
(99,692)
-
-
NET CURRENT ASSETS
112,951
117,316
180,000
TOTAL ASSETS LESS
CURRENT LIABILITIES
112,951
117,316
180,000
NET ASSETS
112,951
117,316
180,000
FUNDS
8
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS|2020
Total
funds
£
-
456,798
53,161
509,959
(99,692)
410,267
410,267
410,267
112,951
117,316
180,000
410,267|2019
Total
funds
£
332
479,881
73,205
553,418
(168,479)
384,939
384,939
384,939
87,623
117,316
180,000
384,939|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
AVIV CT LIMITED (REGISTERED NUMBER: 05854615)
## BALANCE SHEET - continued 30 JUNE 2020
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 28 April 2021 and were signed on its behalf by:
Mr A P Rose - Trustee
The notes form part of these financial statements
Page 6
AVIV CT LIMITED
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020
## 1. ACCOUNTING POLICIES
## Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## 2. INVESTMENT INCOME
|INVESTMENT INCOME|||
|---|---|---|
|Dividends
Deposit account interest
Investment interest|2020
2019
£
£
918
1,491
107
98
3,002
4,696
4,027
6,285||
|||6,285|
continued...
Page 7
AVIV CT LIMITED
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
## 3. CHARITABLE ACTIVITIES COSTS
|CHARITABLE ACTIVITIES COSTS||||
|---|---|---|---|
||Grant|||
||funding of|Support||
||activities|costs|Totals|
||£|£|£|
|Charitable activities|20,105|2,015|22,120|
Donations and grants comprise amounts paid to institutions. All donations are paid directly from the charity to the institutions, as follows:
|Name of charitable organisation|Total donation (£)|
|---|---|
|Friends Of Tifereth Shlomo|20,000|
|Others|105|
## 4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2020 nor for the year ended 30 June 2019.
## Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2020 nor for the year ended 30 June 2019.
## 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|5.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
|---|---|---|---|---|---|
|Other debtors
6.
CURRENT ASSET INVESTMENTS
Listed investments
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accruals and deferred income||2020
£
-
2020
£
456,798
2020
£
96,223
3,469
99,692||2019
£
332
2019
£
479,881|2019
£
332|
|||||2019
£
166,979
1,500||
|||||168,479||
continued...
Page 8
AVIV CT LIMITED
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
## 8. MOVEMENT IN FUNDS
|MOVEMENT IN FUNDS|||||
|---|---|---|---|---|
|Unrestricted funds
General fund
Restricted funds
Restricted funds
Endowment funds
Endowment funds
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
74,783
TOTAL FUNDS
74,783
Comparatives for movement in funds
At 1.7.18
£
Unrestricted funds
General fund
48,062
Restricted funds
Restricted funds
112,740
Endowment funds
Endowment funds
180,000
TOTAL FUNDS
340,802|At 1.7.19
£
87,623
117,316
180,000
384,939
Resources
expended
£
(22,120)
(22,120)
Net
movement
in funds
£
44,137
-
-
44,137|Net
movement
in funds
£
25,328
-
-
25,328
Gains and
losses
£
(27,335)
(27,335)
Transfers
between
funds
£
(4,576)
4,576
-
-|At
30.6.20
£
112,951
117,316
180,000||
||||410,267||
||||Movement
in funds
£
25,328
25,328
At
30.6.19
£
87,623
117,316
180,000
384,939||
|||||25,328|
|||||At
30.6.19
£
87,623
117,316
180,000|
|||||384,939|
continued...
Page 9
AVIV CT LIMITED
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
## 8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|6,285|(2,669)|40,521|44,137|
|TOTAL FUNDS|6,285|(2,669)|40,521|44,137|
A current year 12 months and prior year 12 months combined position is as follows:
|Unrestricted funds
General fund
Restricted funds
Restricted funds
Endowment funds
Endowment funds
TOTAL FUNDS|Net
movement
At 1.7.18
in funds
£
£
48,062
69,465
112,740
-
180,000
-
340,802
69,465|Transfers
between
funds
£
(4,576)
4,576
-
-|At
30.6.20
£
112,951
117,316
180,000|
|---|---|---|---|
||||410,267|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|Unrestricted funds|||||
|General fund|81,068|(24,789)|13,186|69,465|
|TOTAL FUNDS|81,068|(24,789)|13,186|69,465|
continued...
Page 10
AVIV CT LIMITED
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2020
## 9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2020.
Page 11