Charlty regl•trailon numbor 1123687 (England and Wal￿) Company rag]8trallon numbar 06030277 RALEIGH LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 RALEIGH LTD LEGAL AND ADMINISTRATIVE INFORMATION Trusta&8 Mrs Naoml Ad(8mwn Mr Barry Ackemi8n MrAlan Meyers Mr Stephon Koehne 8e¢retary Mr B8rry Ackérman Charfty numbèr (England and Walos) 1123687 Company number 06030277 Prlnclpal address 31 Wk8ham Road London NW4 2TB Accountsnts Glazer8 843 Finchley Road London NW118NA RALEIGH LTD CONTENTS Page Trustees, report Accountsnts, reporl Slatemenl of flnancial aclivilias Balance sheet Notes to th8 financial statements RALEIGH LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present thelr annual report and financlal statéménts for thé yéar éndéd 31 March 2024. The finandal slalemenls have been prepared In accordance with the 2CCCrtJntlng pollcles set out in note 1 to the financial slalements and comply wSlh the charlty's Memorandum and Artlcles of Assoclatlon, the Companles Act 2006 and 'Accounllng and Reportlng by Ch8rilles.' Slalement of Recommended Practlee appllcable to charilies preparfng Ihelr a(tounts In accordance wlth the FinanGial Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102). (as amended for ac£ounting perlods commendng from 1 January 2016) Prln(apal offiGe address.. 31 Wykeham Road. London NW4 2TB. Regislorod off￿6 address: 843 FinGhley Road, London NW118NA. Charily number: 1123687 Company number. 06030277 Objectives and actlvltièy The Charttls obleGls are to adVa￿e rellglon in accordance wlth Ihe Orthodox Jewish Fallh and for such other purposes as are recognlsed by Engllsh Law as charltable and In furtherance of the aforemenlioned oblecls bul not otherwlse.. The relief of needy persons. To undertake, accept, execule and admSnlster, wllhout remuneratlon, any charllable twsts. To publlsh literature and learned works of all kinds In furtherance of the oblecls of the Charlly a8 Set out above,. to establish and support or aid In the establishment and supp)rt of any ¢h2rllable assodallon or Instilullon. Irusl or fund, and to subscrlbe or guarantee money for any charllable purpose whlch the company shall conslder cal¢ulated lo promole Ils oble¢ts or any of them. Advance gran18 and s¢ho12rshlps lo sultable quallfled students lo undertak8 research, The trustees have pald duè regard to guldancè Issued by Iha Charfty Commlsslon In d6cldlng whal actlvilles the charliy should und8rtak6. Achlevéments and perfomiance The truslees continued with the charit￿s grant making programme focussed upon modest grants c8pabl8 of relieving acule naed and making a significant difference to small. local charitable cau8es. In Ihis year beneficiarie8 have included.. Schools Other educatlonal projects Gharitles supporting 8ick children Youth communily worf( Soup kllchens The trustees are sallsfied Ihal Ihe Charity continues lo fulfil118 charitable obl8Ctlve8. Financial réview Tolal incoming resources amounled to £60,IJ)0 (2023.. £50,000) and lolal r8sources expended amounted to £69.198 (2023 £73.666). 11 is lh8 policy of the charity thal unrestrlct8d funds whlch have nol b88n deslgnat8d for a specific use should be maintained at an adequate level lo ensure that the charlly (xn contlnue to support sullabl8 charill88 for the long term. Th8 charills maln funding sourc8s are compani88 in which Iwo of Ihe Iruslees h8ve a mater181 interest, thgse companles fund the charlty as 2nd when n8eded In order to malntain adequate res8rves. At Ihe year end the lolal fund balance, whlch Is unr6slrlclad, 8mount8d to £13 (2023.. £9,211). There are no golng concern Issues. RALEIGH LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees have assessed the major rlsks to whlch th6 Charlty Is exposed, and 8r8 satisfied that 8y8tems are In place to mltigale exposure lo any major risks. The Iruslees are confidenl Ihat the charfly will be able to mainlain Its curr8nt16vel of activity in the future lo ensure that the main objecltves of lh6 chariiy are athieved. Structure. govemance and management The charily is a company Ilmiled by guarant88 wilhout share capltal and Is governed by its Memorandum and ArtIGle8 of Association. The trust8gs, who ar6 also th8 directors for tho purpose of company law. and who served during tha year and up to the date of sign8tur8 of the financial slatements were: Mrs Naomi Ackomian Mr BaryAckerman MfAlan Meyers Mr Slephen Koehn& Trustee appointments are based on the need for th8 Board to have the skllls and experience lo provlde the approprlale ov8rslghl and scrutiny, gov8rnance and lèaderghlp. None of the trustees has any b8ner￿la[ Interest in the company, All of the trustees are members of the company and guarantee to contribute up to £10 in the 8venl of a wlnding up. Subject lo Companles Aot provisions every trust60 or olher offlcer or audltor of lh8 Char6ty shall be Indemnlfied out of the assets of the Charity against any liablllty Incurred by him in Ihat capacily In defending proceadings, whether clvll or criminal, In whlch Judgem8nl Is ghven In hls favour or In which he is aCquItt￿ or In connecllon wlth any appllcallon In whlch reliof is granled lo him by th& court from Ilablllly or neglIgen￿, default, breach of duty or breach of trusl In relatlon to Ihg affairs of the Charily. Ther8 are no olher employaes of the charily other than the Irustees. The memorandum and arli¢les of assoclallon Spe￿fy thal the Income of the charliy shall be applled solely towards the promotion of the objects as s81 forth therein and no part of thls income may be pald or Iransferred to tha Irustees. No Iruslee may be appointed to any offlce of the charity pald by salary or f88s or rec8lv6 any remuneration or other benefit in monay or money's worth from the charity. The charity may make payment to trustees for reasonable oul of pock8t expense£ and also professional charg88 for bu8iDess dorbe by 8 truste8 who is 8 801icitor, accountant or other person when instrucled by the charbly to act In a professlonal capacliy on its b8half. Donallon mat8rlal In tolalllng £6 eresl. 00 (2023.. £SO, celved from compani86 In whith two of the trustees have a The Iru8tees' report asa oved by the Board of Tm5 Mr Barry Ackerman Truste6 RALEIGH LTD CHARTERED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RALEIGH LTD FOR THE YEAR ENDED 31 MARCH 2024 In order to asslst you lo fulfil your duties under the Companles Act 2008, we have prepared for your approval the financial slalements of Raleigh Ltd for tho year ended 31 March 2024, whlch compT159 the statement of financlal activities and the r8la18d notos from the charity's accountlng records and from Informalion and explanations you have given us. As a praclising member firm of the Inslitule of Chartered Accountants In England and Wales, we are sublecl to its ethical and othei professional requirements whlch are delalled at https:IlvNM.icaew.comlregulalion. This report is Made lo the charity's trustees. as a body, in acGordance wilh the torms uf our 8ngagomenl1olt8r dated 9 September 2022. Our work has been undertdken sulely to prepare for your approval the financlal s181ements of Raleigh Ltd and stale Ihtsse malters that we have agreed lo stale to the charltvs Iruslees, as 8 body, in this report in accordance with ICAEW Technlcal Release 07116 AAF. To the fullest extonl permilled by law, wo do nol accept or assume responsibility lo anyone other than Raleigh Ltd and the charity's trustees 8s a body, for our worf( or for Ihis report. It 13 y¢)ur duty to ensure Ihal Ralelgh Ltd has kept adequate accountlng record5 and lo prepa￿ ststulory llnanclal 8t8t8menl6 that glve a true and fair vlew of the as56ts, Ilabllltles, flnanclal posiliDn and deficit of Raleigh Ltd, You Gonsider that Raleioh Ltd is exempt from the slalulory audlt requlremenl for the year and 1$ not required to obtain an Indepondonl examlneffs report. We have not been instructed lo carry out an audll or 8 rèvlew of the flnanclal slalemenls of Raleigh Lld. For Ihls reason, we have not v8rifi8d the accuracy or completeness of the aGcounling records or informalion and explanations you h8va glvan lo us and we do not, therefore, express any oplnlon on th8 Statutory financlal slatemenls. Glazers Chartered Accountants 843 Flnchley Road London NW11 8NA D81È.' RALEIGH LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Uhre8trlctod fund¥ UnMtrl¢tsd funds 2024 2023 Not&8 Income from: Donations and legacies 60.0 50,000 Total incomo 00.0 50,000 Expenditure on: Charltable aCtI￿lieS 69.198 73,866 Totsl expendllure 69,198 73,666 Net expendlturn and movement In lund$ (9,198) (23,868) Reconciliation of fund8: Fund balances a11 Aprll 2023 9,211 32,877 Fund balancas at 31 M8rch 2024 13 9,211 The 8tatemenl of flnancial activities Includès all galns and losses r8cognlsed In th8 year. All Fncome and expendlture derive from conlinulng acllvllles. RALEIGH LTD BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Current a88ets Cash 8t bank and In hand 1,196 10,388 Creditors: amounts falllng due wlthln one year (1.183) (1,177) Not currnnt a888ts 13 9,211 The funds of the charfty Unrestricted funds 10 13 9,211 13 9,211 The C￿1panY 18 8ntiU8d lo the éxémptlon from Ihe audit requirement contalned In sectlon 477 of the Companl8s Act 2006, for th8 year ended 31 March 2024, The directors acknowladge Ihalr r8sponslbllllles for complylno wllh the requlréments of th6 Companl6s Act 2(yJ8 with respect to accounting records and the preparation of financial statemenls. The members have not requlred thé tx)mpany to oblain an audlt of ils flnanclal stat8m8nls for th8 y8ar In question In accordance wlth section 476. nGial stale ei)Is have bè Ihe smal oinpa ies reglme. repared tn accordance wlth tho provislons applicable to companie5 subject The financlal s atem6nl$ were approved by th Iruslees on ..l.k.J..ii /..¢oz¢ Mr Barry Acker Tru8t88 Company roglstrat n number 06030277 (England and Wale8) RALEIGH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policie8 Charlty Informatlon Raleigh Ltd is a private company Ilmiled by guarantee Incorporated in England and Wales. The registered office Is . The prin¢lpal address is 31 Wkeham Road, London, NW4 2TB. 1.1 Accounting convention The financial statements have boon proparod in accordanc8 with Ihe charity's Memorandum and Artlcles of Association, tha Companl6s Act 2006 and 'Accountlng and R8POrting by Ch8rltles'. Statemenl of Recommended Practice applicable lo charili8s pr8paring their accounts in accordance with the Financi81 Rèporling Standard applic8ble in th6 UK and Republic of Ireland (FRS 102). (as amended for accA)untlng perlods commencSng from 1 January 2016). The charity is 8 Public Benefit Entity as defined by FRS 102. The ch8rf1y has taken advantage of the provisions in the SORP for charilles applying FRS 102 Updat6 Bulletln 1 not to prepare a Slalemenl of Cash Flows, The finanaal slal8menls ar6 prepared In steding, whith is the funGtional Gurrency of th8 charity. Monatary amounts In th8s8 fin8nci81 slatemanls arb rounded to the nearest £. The financial gtalemenls h8v6 beèn prèpared under the hlstorfc81 Cost convenllon, The prindpal accountlng pollcies adopted are sel out below, 1.2 Golng concern Al the Ilmo of approvlno lh8 flnanclal slatemonts, the trusleos have a reasonable exp8clallon that Ihe charity has adequate resourc8S to conllnua Sn opgrallonal existence for tho foro89oable future, Thus the Irusle6S nlinue to adopt th8 golng concarn basis of accounllng in preparing the financial slalemenls. l.J Charltsble funds Unreslrlcted fund8 are available for use at Ihe dl8crelion of the trustees in furtherance of their thaTilable obje¢llves, Other Ih8n unfftslrlcled the charlly held no other lype of fund al any tlme durlng the current or precedlng rlo¢Js. 1.4 Incorne Income Is recognised when the charity Is legally entltled to It after any performance candlllons havè baon mal, the amoun18 can be moa5ur8d reliably, and il Is probable that Income wlll be received. Cash donalions are recognlsed on r8C8ipI. Other donallons are re¢ognlsÈd once the charfly has b8én noUfl8d of the donation, unless performance condltions requlre deferral of Ihe amount. Income tax recnverable in rolatlon to donallons racelved undBr Gift Aid or deeds of covenant Is r8cognised al the lim8 of the donalion. Legacles ara recognlsed on raceipt or olher4vise if lh8 charfly has been notlfied of an Impéndlng dlslrlbutlon. the amount Is known, and recelpl is 8XP8Gled. If the amounl is not known. th8 legacy is Irealed 88 a C￿ntIngent assel. 1.5 Expendlttsre Dlrecl charllable axpendllure comprlsgs axp8nse Incurred dlrectly in pursuance of Ihe chadly's prtndpal adivily, All exp8ndlture is accounted for on an acuuals ba8ls and h88 been dasslf18d und8r headings that aggregale all cnsls relating to Ihal category. RALEIGH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng polltlé8 Icontlnuédl 1.6 C•sh and cash equlvalènts Cash and cash equivalenls include cash In hand. deposits held al call wlth banks, other short-term liquld Investments with origlnal malurilies of th[88 months or less, and bank overdrdfis. Bank overdrafts are shown wlthin borrowings in Gutrent Ilabililies. Basic financial assets Basic financial assets, whlch Indude debtors and cash and bank balances, are initially measured at transaction piico including Irat)sacllon costs and are subsequantly carrled at amortised COGt using the effective interest method unless the arrangement conslitutes 8 finanano transaGtion. where the transaction is measured at the pres8nl value of the futur8 rec8ip16 dIS￿Unted at a m8rk81 rat8 of Interest. Flnanclal a5set5 d8ssified as receivable withln one year are not amortisad. Basic financlal liabilities Basic financAal liabilities, including creditors and bank loans are inltlally recognlsed at transaction prlce unless the arrangement constilules a financing Iransacllon, where the debl instrument is m8asured al the present value of the future payments discounted at 8 Ma￿et rate of Inlerest. Flnancial Ilabllilles classified as payable within one year are not amortiséd. Trad6 cr8dllors aré obllgalions lo pay for goods or servlces Ihat have been acquired in the ordinary course of operations from suppllers. Amounts payablè arè classlfied as current liabllltles If paymant Is due within one year or less. If not, they are presented as non-CUTrenl liabilitie$, Trade Grodilors are recognls8d Initially at Ir8nsa¢tlon prl¢e and subsequently maasuréd al amorflsed cast using the effeollve Inter8St method. DerecognlHon of financial liabililies Financlal Ilabilillas are d8recognlsed when the charltys conlractual obllgatlons explre or aré dlscharged or canc8116d. Donatlon8 and18gacles Unrestricted Unrestrlcted funds funds 2024 2023 Donallons and glfts 60,OC(s 50,000 RALEIGH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charltable actlvltles Grant maklng 2024 Grnnt maklng 2023 Direct Costs Grant funding of actlvllles (seo note 4) 87,888 72.308 Shave of support and governance costs (see notè 51 Support Govem8nce 123 1,189 123 1,237 69.198 73.666 Analy818 by fund Unreslricled funds 69,198 73,6e6 Grants payable 2024 2023 Grants to In8lllullon8'. Educallon Faith HealthcaTe & welfare 13,980 10,708 43,198 25,640 6,741 39,925 67,886 72,306 149 grants tolalllng £87,886 w8r8 made lo 82 institulions and organisatlons for the purposes d88cribed above. Support costs Support Governance costs osts 2024 Support Governance costs o$ts 2023 Bank charges 123 123 123 123 Accountancy Legal and professional 900 900 980 960 289 289 277 277 123 1.189 1,312 123 1,237 1,360 Analy8ed belwean Charitable aclivllles 123 1.189 1,312 123 1,237 1,360 RALEIGH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tru8te8s None of the Iruslees (or any persons connected with thém) received any remuneralion or benefits from the charity during the year. Employees The averaoa monthly number of empk)yee8 during the year was: 2024 Numbor 2023 Numbar Total There wer8 no employ68s whose annual r8mun8r8tion wa8 more than £60,000. Taxatlon The companvs charitable aclivilios aro exempl from oorporatlon 18x. The company has also obtalned exemplion from VAT on chaTilable grounds. Craditors: amounts falllng due wllhin onft year 2024 2023 Accruals and deferred Income 1,183 1.177 10 Unrestrlctsd funds The unr8slricted fLtnds of the charlty comprls8 the unexpended balances of donatlons and grants which are not subjeGI to spedfio condition8 by donors and grantor5 as lo how Ihey may be used. These Indude destgnated funds whlch have been sel asid8 out of unrestrictod furKls by the trustees for speclfic purposes. At 1 Aprll 2023 Incornlng ResoufGes At 31 March resource$ expended 2024 General fvJnd8 9,211 60.000 (69,198) 13 Provlous year. At 1 April 2022 Incomlng rasources Rèsources At 31 March expended 2023 General funds 32.877 50,000 (73,666) 9,211 11 Related party transactlons Donations tolalling £60.000 (2023.'£50.000) were recelved fmm Gompanles In whlch Iwo of the Irustees have materlal interest.