REGISTERED COMPANY NUMBER: 05854615 (England and Wale$) REGISTERED CHARITY NUMBER: 1115607 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 FOR AVIV cr LIMITED Weissbraun Emanuel Chartereil Accountsnts 220 The Vale Gofders Gree Lc)ndt)n NWII 8SR
AVIV CT LIMThED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Page Report of the Trustees Xndependent Examiner's Report Statement of Finan¢ial Actlvitles Balance Sheet Notès to thè Financial Statements 6 to 10
AVIV CT LIMITED (REGISTERED NUMBER: 05854615) REPORf OF TME TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023 The trustees who are a150 directors of the charlty for the pury)ses of the Comp8nRs Act 2006, present thelr report wlth the financial statements of the charity for the year endal 31 October 2023. The trustees have adopted the provlslons of Accountino and ReFQrting by Chaties.. Statetnent of Rffowmended Practice applicable to charftles preparln9 thelr accounts In accordan wlth the Flnanclal Reportlng Standard applicable In the UK and Republlc ol Ireland (FRS 102) (effective l January 20191. OBJECTIVES AND ACTIVITIES Charitsble objertS The principal actiwty of the company was that of a charlty, wSth particular referen to the advancement of education in and the rellgltsn ol the orthodox Jewish faith, the rellef of povety for such other purposes as are recognised as charitable by Eiiglish law. The trustees confirm that they have referred to Ihe guidance contalned In the Charty C(Krmi%ion s general ouldance oll publlc benefit and in partKuLir to its suppkmentary publlc tenefit guidance on advancing edUCatn when revlewlng the twst's aims and objectives and In plannlng future activ¢ties and settit)g the grant making policy for the year. There have been no material changes In the oblectlves or policies of the charity during the under review. To achleve the objects, the charlty accepts donatlons and grants, reffives Investment Income and makes char6table donattons and grants to Jewish schools, other educatlonal organlsations and other charlties. ACHIEVEMENT AND PERFORMANCE Revlew of actlvltles and achievements In furthence of the objects as stated above, the trustees have accepted donadons and grants, have rece¢ved Investment Income and have made charitable donations and grar¢ts as shown In the attathed staternent (* flnanckl 4cti%fjtie5, The balants sheet shows a satisfactory tkIn with undlstrlbuted unrestrtcted funds amounting to £1,510,623. FINANCIAL REvIew Inveslrnent powe¥s, policy and performance The charity is able to make any investment whlch the trustees see fit Ajbject to any CondtiAS (if any) imp)sed or required by law. FUTURE PLANS The Trustees contlnue to supp)rt varlous Instltutlons in accordan wlth the chariitys aims. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The OrganItIOn Is a charitable Company Ilmited by guarantee, incorporated on 22 June 2006 and regtstered as a charity on 28 July 2006, being reglstered wlth the Charity Commission. Thé company was established under a Memorandurn of Assoclauon and Is governed under Its ArteS of Association. As AVIV Cf LIMttED Is a tompany Ilmited by guarnnteÈ it does not have a share capltal. Every member of the Company undertakes to tontribute such amount as may be requlred not exceedlng Él to the assets of the charltsble company in the event of Its being wound up Whi he or she is a member, or withln one year after he or the ceases to be a member. Oryanisational strurture The trustees meet at several times during the year, to conskler ihe varlous ways of advalg the principal actlvlknes of the charlty. The power to appoint new trustees is vested in the contlnuing trustees. REFERENCE AND ADMINISTRATrE DETAILS Registered Company number 05854615 (England and Wales) Reglstered CharSty number 1115607 Page I
AVIV CT UMrrED (REGISTERED NUMBER: 05854615) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023 Registered office First Floor, Winston House 349 Regents Park Road London N3 IDH Trustéés APRose A Y Melinek IndÈpèndent Examiner MT Michael WeissbrauTh FCA Weissbraun Em3nuel Chartered Accountants 220 The Vale Golders Green London NWII 8SR Approved by Ord of the board of trustees on ............................................. and slgned on Its behalf by.. A Y Melinek- Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE YRUSTEES OF AVLV CT LIMITED {REGISTERED NUMBER: 05854615) Ind8pende#t examlnei's rèport to the tvusteps of Avlv CT Llmlted ('the Comp4ny') I report to tho chaty trustees an rny examlnation of the accounts of the Company For the year ended 31 October 2023. Respoiislblllties and bas1$ Of report As Ihe charlty's triistee5 of the Cornpany (and also its dlrectors lor the purposes of company lawl you are re5wnlble for the preparatlon of the accounts In accoi'daiice wlth t1 requlrements of tlie CompanFes Act 20061.the 20Q6 ACVI. Hic ving shtlslled iiiyself Ihat tlie accDiinls of the Coinpany are not requSred to be audited under Part IG of the 2006 Act lid a. eliglble foi. Inde.pe.ndent examlnatbn, I p01t In rpect ol my examlnatlon DI your charlty's accounts as carrted Dllt linder SLXtion 145 01 tlie Cliarltle5 Act 20J I I'the 2011 ACL'I. In carrylng out my examlnatlon I liave followed the Dliectlons 9iveii by tlie CharSty Commission uiider Secuon 145151 {bl DI the 2011 Act. Independent examinar's gtatement I liave cotnpleted my examlnii tion. I confirm that no rnatters have eorne to my attentioTh In connectk)n wltli Ihe examlnatlon gIn9 nie caiise to belleve.. accountlng records were not kept In respect of tlie Campany a5 ¥equired by Sectlan 3B6 01 the 2006 Act; the accounts do tiol accord with tliose records,. or the accnunts dD not con)ply witli the accounllng requlreffEnt5 01 Sectlon 396 01 the 2006 Act other than any requireii)ent tliat tlie accounts glve a true and lalr vlew whlch Is Iiot a Ialler consIded as part of an indepeiident examliiatlon,. or tlie accounts have not been prepared In accordan wltli the methods and prlnclples of tlie Statement of Recoihmended Prac¥ce for accounting and repoitlng by charllles (applicable to charltles preparlng thelr accounts In accordance wlth the Financlal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS IQ2}), I Iiave no cOnrn5 and have come across no other matters In connection wlth the examinatlan to whlch attentH)ll should be drawn thls report In order to enable a proper under5tandlng of tlie accounts to aChed. Mr Mlchael Mun FCA We15sbraiin Einanuel Chartered Accountants 22Q The Vale Golders Gteen Londoii NWII BSR Date.. Page 3
AVIV CT LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2Q23 2023 T(thl fund5 2022 Totsl funds Unrethcted fund Re51rlcted fund EThdowmenl fund Notes INCOME AND ENDOWMENTS FROM Donations and legaCi8S 768 893,822 Irlvestment inc 37,746 37,746 15,830 Totsl 38,514 38,514 909,652 EXPENDITURE ON Charltablè activltles Charitable activiti 168,481 168,481 53,018 t4et gainsl(lossés} investrnents (4Y,500) (4700) {56,7891 NET INCOMEI{EXPENDITURE) (177A67) (177,467) 799,845 RECONaLIATfoN OF FUNDS Total fvnds brought ford 1,688,090 1,688,090 888,245 TOTAL FUNDS CARRIED FORWARD I10,623 1,510,623 1,688,090 The note5 form part of these flnanclal statements Page 4
AVXV CT UMITED (REGISTERED NUMBER: 058546I5) BALANCE SHEET 31 OCTOBER 2023 2023 Total funds 2022 Total funds Unrestrlcted fund Restrfcted fund Endowrnent fund Notes FIXED ASSETS Investments Investments Investment prowty 296,083 310,000 296,083 310,000 372,470 310,000 606,083 606,083 682,470 CURRENT ASSETS Investments Cash at bank io 868,897 53,822 868,897 53,822 928,812 94,027 922,719 921719 1,022,839 CREDITORS Amounts falllng due wlthln one year li {18,179) (18,179) {17,2191 NET CURRENT ASSETS 904,540 90440 1,005,620 TOTAL ASSETS LESS CURRENT LIABILITIES 1,510,623 1,510ffi23 1,688,090 NET ASSETS 1,510ffj23 1,510,623 1,688,090 FUNDS Unrestrirted funds 12 1,510,623 1,688,090 TOTAL FUNDS 1,510,623 1,688,090 The charitable cotnpany is end to exernption from aud under Secuon 477 of the Companies Art 2D06 for the year ended 31 Octobe¥ 2023. The members have not required thè company to obtain an audit of its financial statements for the year enited 31 October 2023 In acctsrdance with Secllon 476 of the Companies Act 2006. The trustees acknowledge their responsibllltles for lal ensuring that the charltable company keeps accoundrvJ records that comply wlth S&tlons 386 and 387 the Companies Act 2006 and preparing financial statements which give a true and falr eW of the state of affalrs of the charltable company 6s at the end of each financial year and of its surplus or deficlt for each flnancial year In accordance with the requlrements ol Settlons 394 and 395 and whlch othenvi* comply wSth the requirements of the Companles Att 2006 relatlng to flnandal statements, so far as appllcable to the charitable comp6ny. Ib) These financlal statements have been prepared In accordance wlth the provlslons app1kae to chatitable tompanies subject to the smèll compan7 reglme. The inan lal statements were approved by the Board of Trustees and aulhorfsed for issue and were slgned cth Y(5 behalf by.. on A Y Melinek- Trustee The notes form part of these fi'nancial ststements Page 5
AVIV CT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitablc company, which Is a publlc benefit entty under FRS 102, have be prepared In accordan wlth the Charities SORP (FRS 1021 'Accounting and Reportlng by Charltles.. Ststement of Recommended Pract1 appitable to charities preparlng thelr accounts In accordance wlth the Flnanclal Reportlng standard applicable In the UK and Republic of Ereland {FRS 1021 (eflectlve I january 2019),, Flnanclal Reportlng standard 102 The Flnanclal Rewrtlng Standard appl¢caNe in the UK and Republlc of Ireland, and the Companles Act 2006, The linanclal statements have been prepared under the hlstorical cost convention, with the exttptlon of inve5tmeDts whlch are included at market value, Financial reporting stsndard 102- rèduced disclosure éxèmptions The tharitsble company has taken advantage of the following disclosure eXemptn in preparing these financial statement5, as permitted by FRS 102 The Financial Report¢ng Standard applicab in the UK and Republic of Irehnd.: the requirernents of Secbgn 7 Ststement of Cash Flow Preparation of consolidated financial statsments The financial ststements contain information about Aviv Limited as an individual company and do not contaln consolidated financial information as the wrent of a group. The charity Is exempt under Section 399(2AI of the Companie5 Act 2006 from the requirements to prepare Consolated financial statements. Income All Income Is recognlsed In the Ststement of Finanaal ACtIteS once the charlty has en¥tlement to the funds, It Ls obaide that the Income wlll be recVed and the amount can be measured reliably. Expendlture Liabilities are recogHised as expend as soon as there Is a I31 or construcknve obligatlon committiTrg the charfty to that expenditure, It Is probable that a transfer of economlc beneflts wlll be rffjulred In setdement and the amount of the obllgatlon can be measured reliably. Expendlture Is accounted for on an accruals basis and has been claslfled under headlngs that aggregate all cost related to the category. Where costs cannot be dlreclly attributed to partl¢ular headlngs they have allocated to actltIeS on a basls cons(*ent V41th the use of re50urce5. Grants offered subjert to tondltlons whlch have not been met at the year end date are noted as a commltment but thot accrued a5 expend5ture. Invesknent property Investment property is shown at most recent valuallon. Any aggregate surptus or defi'(it arÉ5ing from changes I fair volue is recognised in the Statement of Flnanclal Artlvities. Thxation The charity is exempt fmm corporatlon tax on Its charftable actlvltles. Fund accountlng Unrestrlcted funds can be used In accordan wlth the charlkble objectlves at the dlsc¥etfon of the trustees. R•lritted funds can only be used for particular restrlcted purp)ses wthin the objects of the charity. Reslrfctlons arise when specified by the donor oy when funds are ralsed for partlcular restrlcted purpos&. Page 6 conUnued...
AVIV CT LIMITED NOYES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 OCTOBER 2023 DONATIONS AND LEGACIES 2023 2022 0(atiOnS 893,822 INVESTMENT INCOME 2023 2022 Rents reIVed Divldends Deposlt account Interest Investment interest 25,042 10,008 8,167 7,312 2,693 347 37,746 IS,830 cHARABLE ACTIVITIES cosrs Grant fundlng of act4vltles (see notè Support cosL5 (see note 61 51 TO1$ Charitable athvilles 142,215 26,266 168,481 Donatlons and grants comprise amounts paid to tiistitutions. All donations are pahd direcdy fmm the charity to the Instltutlons, as fdbws.. Total donatlon Name of charltabla organisation (£) Cornmunlty Concern Londun Gateshead Talmud1 Cdlege Friends of Yeshivas Brisk Ateres Bels Yaakov Llmlted Friends of Galant Tomchel Yotzei Anglia Others 22,500 18,000 13,000 12,500 10,000 7,500 58,715 Page 7 continued,..
AVIV CT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 OCTOBER 2023 GRANTS PAYABLE 2023 2022 Charltsble actfvitles 142,215 21,800 SUPPORT COSTS cogts Charitatle actlvibes 26,266 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, remuneratlon or other benefts for the year ended 31 October 2023 nor for the ended 31 October 2022. Trustees. expenses There were no tvusiees, expenses pald for the year ended 31 (knber 2023 nor for the year ended 31 October 2022. FIXED ASSET INVESTMENTS Shares In group uNdertang5 MARKET VALUE At l November 2022 Impalrments 372,470 (76,387) At 31 Octoter 2023 296,083 BOOK VALUE At 31 October 2023 296,083 At 31 OCtor 2022 372,470 There we no Investment assets outslde the UK. INVESTMENT PROPERTY FAIR VALUE At l November 2022 and 31 October 2023 310,000 NET BOOK VALUE At 31 October 2023 310,000 At 31 October 2022 310,000 Page 8 c0nnUed...
AVIV CT UMITED NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 OCTOBER 2023 io. CURRENT ASSET INVESTMENTS 2023 2022 Listd Investments 868,897 928,812 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other credltors Accruals and deferred Income 12,250 5.929 12,250 4,969 18,179 17,219 12. MOVEMENT IN FUNDS Net nxjvement in funds At 31.10.23 1.11.22 Unrestricted funds General fund 1,688,090 {177A67) 1,510,623 TOTAL FUNDS 1,688,090 (177,467) &510,623 Net movement In funds, Included In the above are as follows.. Incomlng resources Resources expended Galns and ses Movement in funds Unrestrtcted funds General fund 3614 (168N81) (47,500) (177N67) TOTAL FUNDS 3814 (168,481) (47,500) (177A67) Comparatives for mtsvememt In funds Net ovement in funds At 1.11.21 31.10.22 UnY•strlcted funds General fund 888,245 799,845 1,688,090 TOTAL FUNDS 8S8,245 799,845 1,688,090 Page 9 contlnued...
AVIV CT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 OCTOBER 2023 12. MOVEMENT IN FUNDS- contsnuod Comparative net movement in funds, included in the above are as follows.. Kncoming resour$ ReSoU¥S expended Galns and losses Movement In funds Unrestrlcted fuJKIs General fund 909,652 (53,018) {56,789) 799,845 TOTAL FUNDS 909,652 {53,018) (56,789) 799,845 A current year 12 rInthS and prior year 12 month5 com&¥ned wsltlon Is as follows: Net nement in funds At 1.11.21 31.10,23 Unrestricted funds General fund 888,245 622,378 1,510,623 TOTAL FUNDS 888,245 622,378 1,510,623 A current year 12 rnonths and pri(w year 12 months comb(Tred net movernent In funds, included in the above are as follows- IncotY>ing resource5 Resour$ expended GJiTrs and losses Movement In funds Unrestrirted funds Gerteral fund 948,166 (221,4991 1104,2891 622,378 TOTAL FUNDS 948,166 (221,4991 1104,2891 622,378 13. RELATED PARTY DISCLOSURES There were no related paity transacts.ons for the year ended 31 October 2023. Page 10