REGISTERED COMPANY NUMBER: 05854615 (England and Wales) REGISTERED CHARITY NUMBER: 1115607 REPORT OF THE TRiISTEES AND UNAUDrrED FINANCXAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 FOR AVIV CT LIED
AVIV CT LIMITED CONTENTS OF THE FINANCXAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Page Report of the Trustees I to 2 Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Flnanclal Statements 6 to 11
AVIV CT LIMITED (REGISTERED NUMBER: 05854615} REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024 The trustees who are also dlrectors of the charity for the purSeS of the Companies Act 2006, present their report with the financial ststements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland {FRS 102) (effectlve l January 2019). OBJEcfivES AND AcfivITIES Charitable objects The prlncipal activlty of the company was that of a charlty, wlth parttcular reference to the advanment of educatlon In and the rellglon of the orthodox Jewlsh falth, the relief of poverty and for such other purposes as are recognised as charltable by Engllsh law. The trustees confirm that they have referred to the guldance contained in the Ch3rlty Commlsslon's general guldance on public benefit and In partlcular to Its supplementary puNic benefit guldance on advanclng educatlon when reviewing the trust's alms and obj'ectlves and in planning future actlvities and setting the grant maklng pollcy for the year. There have been no materlal changes in the objectlves or PK)lictes of the charity during the year under revlew, To achleve the objects, the charlty accepts donattons and grants, receives investment income and makes charftable donations and grants to Jewlsh schools, other educational organlsatlons and other charltles. ACHIEVEMENT AND PERFORMANCE Review of activities and achievements In furtherance of the objects as stated atrf)ve, the trustees have acpted donatlons and grants, have recelved Investment income and have made charitsble donatlons and grants as shown In the attached statement of flnancial acilvltles. The balance sheet shows a satlsfactory posltlon wlth undlStrlLted unrestrkted funds amounting to £1,278,302. FINANCIAL REVIEW Investment powersi pollcy and perfomiance The charlty Is able to make any investment whlch the trwstees see flt subj'ect to any conditlons (if any) Imposed or requlred by law. FUTURE PLANS The Trustees contlnue to support varlous instltutlons In accordance wlth the charlV5 alms. STRiICTURE, GOVERNANCE AND MANAGEMENT Governlng document The organlsatton Is a charltable company Ilmlted by guarantee, Incorpordted on 22 June 2006 and reglstered as a charlty on 28 July 2Q06, belng reglstered wlth the Charity Commisslon. The company was establlshed under a Nemorandum of Association and is govemed under its Artides of Assoclation. As AVIV cr LIMED is a company limlted by guarantee it does not have a share capital. Every member of the company undertakes to contrlbute such amount as may be required not eKeedlng £1 to the assets of the charltable company In the event of its being wound up whlle he or she Is a member, or within one year after he or she ceases to be a member. Organlsatlonal strurture The trustees meet at several times durlng the year, to conslder the various ways of advancing the prlnclpal actlvities of the charlty, The power to apwlnt new trustees Is vested in the continulng trustees. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 05854615 (England and Wales) Reglstered Charity number 1115607 Page I
AVIV CT LIMITED (REGIStERED NUMBER: 05854615) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024 Reglstered office Flrst Floor, Winston House 349 Regents Park Road London N3 IDH Trustees APRose A Y Melinek Independent Examlher Mr Nlchael Welssbraun FCA Welssbraun Emanuel Chartered Accountsnts 220 The Vale Golders Green London NWII 8SR Approved by order of the board of tnjstees on 30 July 2025 and slgned on Its behalf by: A Y Melinek - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF AVIV cr LIMThED (REGISTERED NUMBER: 05854615) Independent examlner's reportto the trustees of Avlv CT Llmited ('the Company,) I report to the charlty trustees on my examlnation of the accounts of the Company for the year ended 31 October 2024. Responslbllltles and bas1$ of report As the charity's trustees of the Company (and also Its dlrectors for pUr)seS of company law) you are responslble for the preparntlon of the accounts In accordan wth the requlrements of the Companles Att 2006 (Ihe 2006 ACV). Havlng satlsned myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2006 Act and are ellglble for Independent examlnatlon, I rewrt In respect of my examSnatlon of your charlty's accounts as carried out under Sectlon 145 of the Charlties Act 2011 (e 2011 ACV). In carrying out my examSnatlon I have followed the Dlrecdons glven by the Charlty Commlsston under Secth)n 145(5) (b) of the 2011 Act. Independent examlner's itatement I have completed my examlnatlon. I conflmi that no matters have come to my attenuon In connedon wlth the examlnatlon gfvlng me cause to belleve: accountlng records were not kept In respert of the Company as requlred by Settlon 386 of the 2006 Att; or the accounts do not accord wlth those records. or the accounts do not comply wlth the accountlng requlrements of Sectk>n 396 of the 2006 Act other than any requlrement that the accounts glve a true and falr vlew whkh Is not a matter consldered as port of an Independent examlnatlon; Of the accounts have not been prepared ln accordan wth the methods and prfnclples of the Ststement of Recommended Practlce for accountlng and rtIng by charltles (appllcable to charltles pparIng thelr accounts In accordan wlth the Flnandal Reportlng Stsndard appllcable In the UK and Republk of Ireland (FRS 102)). I have no concerns and have come across no OtTrmatte In connecuon wSth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a prow understsndlng of the accounts to be reached. Mr Mlchael WeSssbraun FCA Welssbraun Emanuel Chartered Accountants 220 The Vale Golders GrEen London NWII 85R Date: ............ Page 3
AVIV cr LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2024 2024 Total funds 2023 Total funds Unrestrl(te fund Restrlcted fund Endowment fund Notes INCOME AND ENDOWMENTS FROM Donatlons and legacles 768 Investment income 35,430 35,430 37,746 Total 3S,430 35,430 38,514 EXPENDITURE ON Charitable activitles Charitsble activities 573N33 573N33 168,481 Net gainsl(losses) on Investments 305,682 305,682 (47,500) NET INCOMEI(EXPENDITURE) (231321) (232,321) (177,467) RECONCILIATION OF FUNDS Total funds brought forward I10,623 1,510,623 1,688,090 TOTAL FUNDS CARRIED FORWARD 1,278,302 1,278,302 1,510,623 The notes form part of these finanaal statements Page 4
AVIV CT LIMITED (REGISTERED NUMBER: 05854615) BALANCE SHEET 31 OCTOBER 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Endowment fund Notes FIXED ASSETS Investments Investments Investment property 380,394 395,000 380,394 395,000 296,083 310,000 775,394 775,394 606,083 CURRENT ASSETS Investments Cash at bank io 512,307 17,986 512,307 17,986 868,897 53,822 530,293 530,293 922,719 CREDITORS Amounts falllno due wlthln one year li (27,385) (27,385) (18,179) NET CURRENT ASSETS 502,908 502,908 904,540 TOTAL ASSETS LESS CURRENT LIABILITIES 1,278,302 1,278,302 1,510,623 NET ASSETS 1,278,302 1,278,302 1,510,623 FUNDS Unrestricted funds 12 1,278,302 1,510,623 TOTAL FUNDS 1,278,302 1,510,623 The charltable company Is entitled to exemptlon from audlt undtr Sectlon 477 of the Companles Art 2006 for the year ended 31 October 2024. The members have not requSred the company to obtsln an audlt of Its financlal statements for the year ended 31 October 2024 In accordance with Sectlon 476 of the Companles Act 2006. The trustees acknowledge their responsibilities for (a) ensurlng that the charitable company keeps accountlng records that comply wlth Sectlons 386 and 387 of the Companies Act 2006 and preparlng financlal ststements whlch 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 flnancial year In accordan with the requlrements of Sections 394 and 395 and which otherwise comply with the requirements of the Companles Act 2006 relatlng to flnanclal statements, so far as applicable to the charitable company. (b) These financlal statements have been prepared In accordan with the wovislons applicable to charitsble companles subject to the small companles reglme. The flnancial statements were approved by the Board of Trustees and authorised for issue on 30 July 2025 and were slgned on Its behalf by: A Y Melinek - Trust The notes fom) part of these financlal statements Page 5
AVIV cr LIMrrED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 ACCOUNTING POLICIES Basss of preparing the financlal statements The financial statements of the charitable companyi which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SOI2P (FRS 102) 'Accounting and Reporting by Charities., Ststement of Recommended Practlce appllcable to charities preparing their accounts in accordance with the Financlal Reporting standard applicable In the UK and Republic of Ireland (FRS 102) (effective I lanuary 2019),, Flnanclal Reporting Standard 102 The Financial Reporting Standard akwlicaLle In the UK and Republlc of Ireland, and the Companies Act 2006. The financial statements have been prepared under the hlstorical cost convention, wlth the exception of investments whlch are included at market value, as modified by the revaluation of certain h55et5. Flnanclal reporting standard 102 - reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemptlon In preparlng these flnanclal statements, as permitted by FRS 102 The Financial Reporting Standard applkable in the UK and Republlc of Ireland,: the requlrements of Settion 7 Statement of Cash Flows. Preparatlon of tonsolldated flnanclal statements The flnanclal statements contain Information ab)ut Aviv cr Llmlted as an Individual company and do not contaln consolidated financial informatlon as the parent of a group. The charity is exempt under Sectlon 399(2A) of the Companle5 Act 2006 from the requlrements to prepare cong)lidated financial ststements. Income All Income Is recognlsed In the Statement of Finandal Actlvltles On the charlty has entitlement to the funds, It Is probable that the Income wlll be recelved and the amunt can be measured rellably. Expenditure Llabllltles are reccwjnlsed as expendlture as soon as there 15 a legal or construttlve obligatlon commlttlng the charlty to that expendlture, It Is probable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obligatlon can be measured relialAy. Expendlture is accounted for on an accruals basis and has been classlfled under headlngs that aggregate all cost related to the category. Where costs cannot be directly attributed to partlcular headings they have been allocated to actlvities on a basis consistent with the use of resources. Grants offed subj'ect to condltlons whlch have not been met at the year end date are noted as a commltment but not accrued as expendlture. Investment property Investment property15 shown at most recent valuatlon. Any aggregate surplus or deficit arising from changes in falr value Is recognlsed In the Statement of Financial Actwities. Taxation The charityls exempt from corwration tax on its charitable activitle& Fund accountlng Unrestricted funds can be used in accordance with the charitable objectlves at the d15cretion of the trustees. Restrlcted funds can only be used for particular restricted purposes within the objects of the charity. Restrictlons arise when specified by the donor or when funds are raised for particular restrlcted purposes. Page 6 contlnued...
AVIV LIMETED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 ocfoBER 2024 DONATIONS AND LEGACIES 2024 2023 Donatlon5 768 INVESTMENT INCOME 2024 2023 Rents recelved Dlvldends Deposlt account Interest Investment Interest 24,500 10,491 25,042 10,008 435 2,693 35,430 37,746 CHARITABLE ACTIVITIES COSTS Grant funding of acuvitles (see note 5) Support costs (see note 6) Totals Charltable attlwtles 549,300 24,133 573,433 Donatlons and grants comprfse amounts paEd to Instltutkjns. All donatlons are pald dlrectly from the charlty to the In5tltullons, as follows: Total donation Name of charitable organlsation (£) Ateres Bels Yaakov Llmlted Frlends of Yeshivas Brisk GGBH Welfare C. l. O. G3teshead Talmudical College North London Welfare and Educatlonal Foundation North West London Chevra Kadish others 143,000 120,000 50,000 35,000 25,000 20,000 156,300 Page 7 continued...
AVIV CT LIMrrED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 OCTOBER 2024 GRANTS PAYABLE 2024 2023 Charitable activltles 549,300 142,215 SUPPORT COSTS Governance costs Charltsble activltles 24,133 TRUSTEES, REMUNERATION AND BENEFITS There were no trnstees, remuneratlon or other benefits for the year endeA 31 Iktober 2024 nor for the year ended 31 October 2023. Trustees, expenses There were no trustees, expenses paid for the VEar ended 31 October 2024 nor for the year ended 31 October 2023. FIXED ASSET INVESTMENTS Shares In group undertakings MARKET VALUE At l November 2023 Revaluadons 296,083 84,311 At 31 October 2024 380,394 NET BOOK VALUE At 31 October 2024 380,394 At 31 October 2023 296,083 There were no Investment assets outside the UK. Cost or valuatlon at 31 October 2024 Is reFxesented by: Shares In group undertakln Valuatlon In 2024 380,394 Page 8 continued...
AVIV CT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 OCTOBER 2024 INVESTMENT PROPERTY FAIR VALUE At l November 2023 Revaluatlon 310,000 85,000 At 31 October 2024 395,000 NET BOOK VALUE At 31 October 2024 395,000 At 31 October 2023 310,000 Falr value at 31 October 2024 15 represenbj by: Valuation in 2024 395,000 10. CURRENT ASSET INVESTMENTS 2024 2023 Listed Investments Other 498,807 13,500 868,897 512,307 868,897 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors Accruals and deferred Income 21,625 5,760 12,250 5,929 27,385 18,179 12. MOVEMENT IN FUNDS Net movement Sn funds At 1.11.23 At 31.10.24 Unrestricted funds General fulld 1,510,623 (232,321) 1,278,302 TOTAL FUNDS 1.510,623 (23¥321) 1,278,302 Net movement in funds, Induded In the above are as follows: Incomlng resources Resources expended Galns and losses Movement in funds Unrestricted funds General fund 35N30 (573,433) 305,682 (232B21) TOTAL FUNDS 35rt30 (573,433) 305,682 (232R21) Page 9 condnued...
AVIV CT LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024 12. MOVEMENT IN FUNDS - continued Comparatlves for movement In funds Net movement in funds At 1.11.22 At 31.10.23 Unrestrirted funds General fund 1,688,090 (177,467) 1,510,623 TOTAL FUNDS 1,688,090 (177,467) 1,510,623 Comparative net movement In funds, Included In the above are as follows: Incoming reurCeS Resources expended Galns and losses Movement In funds Unrestrlcted funds General fund 38,S14 (168,481) (47,500) (177,467) TOTAL FUNDS 38,514 (168,481) (47,500) (177,467) A current year 12 months and prlor year 12 months comblned posltlon Is as follows: Net movement In funds At 31.10.24 1.11.22 Unrestrirted fund$ General fund 1,688,090 {409,788) 1,278,302 TOTAL FUNDS 1,688,090 (409,788) 1,278,302 A current year 12 months and prlor year 12 months ccthblned net movement In funds, Included in the above are as follows., Incomlng reurCeS Resour expended Galns and k)sses Movement In funds Unrestricted funds General fund 73,944 (741,914) 258,182 (409,788) TOTAL FUNDS 73,944 (741,914) 258,182 (409,788) Page 10 contlnued..,
AVIV CT LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 ocfoBER 2024 13. RELATED PARTY DISCLOSURES There were no related patty tranonS for the year ended 31 Cthber 2024. Page 11