Company registration number 06030277 (England and W8108) Chafity registration number 1123687 {England and Wale8) RALEIGH LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 RALEIGH LTD LEGAL AND ADMINISTRATIVE INFORMATION Trn8tee8 Mrs Naomi Ad(emwi Mr BaryAckemAn Mr Alan Mayers Mr Stephen Koohne Secrotsry Mr Barry Ackemiaft Charity number (England and Wa108) 1123687 Company numb•r 06030277 Prfnclpal addre88 113 Brent Street London NW4 2DX Accountants Glazers 843 Flnchley Road London NW118NA RALEIGH LTD CONTENTS Paga Trus188s' report Accountants, report Statemènt of financlal actlvities Balance sheat Notes lo the finan¢ial stalements RALEIGH LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present their annual report and financial statéments for the year ended 31 March 2025. The financial statemenls have been prepared in accordance wilh the accounting policies sel oul in note 110 the financial statements and comply wilh the charity's Memorandum and Artides of AssOLiation. Ihe Companies Act 2006 and 'Accounling and Reporting by Charilies-. Slalement of Recommended Practice applicable to charilies preparing Iheii accounts in accordance wilh the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102)" (as amended for accounting periods commencing from 1 January 2016) Principal office add￿SS.. 31 Wykeham Road, London NW4 2TB. Registered office address= 843 Finchley Road, London NW118NA. Chafily number.. 1123687 Company number.. 06030277 Objectives and aclivltle$ The Charity's 0tr4ects ar& lo advance religlon in accordance wlih the Orthodox Jewish Faith and for such other purposes as are recognised by English Law as charitable and in furtherance of the aforementioned objects but not othewise.. (A) The advancement of the Orthodox Jewish faith. (8) The advan¢onienl of Oilhodox Jewlsh rLJliqious education. (C) The rellef of poveriy, sicki)&%% an(1 Infirmily amongst memb8rs of the Jewish faith. (D) Such other purposes as are charitable according io English law. The trustees have paid due regard lo guidance issued by the Charity Commission in decidlng what a¢tivities the charity should undertake. Achievements and performanGe The Iruslees conlinued with Ihe Chaiily's grant making piogramme focuss￿ upon modest 9ranls capable of relieving acute need and making a signlficanl difference lo small, local chaTllablè causes. In this year benefictarie8 ha￿ induded.. Schools Olher educational projects Charities supporting sick children Youlh cominunily work Soup kitchens The tiuslees are satisfied that the Charily conlinuos lo fulfil ils tharitable objectives. Financlal revlew Total incoming Tesources amounted lo £58.000 (2024.. £60.(XiO) and lotal resources expended amounted lo £51.997 (2024 £69,198}. 11 is the pdtcy of the tharily Ihal unrestricted funds which have not been designated for a specific use should be maintained at an adequate level to ensure that the charity continue to support suitable charities for the long term. The charity's main funding sources are companies in whith Iwo of the trustees have a malerial interest, these coinpanies fund the charity as and when needed ni order lo maintain adequate reserves. Al the year end the total fund balance. whlGh Is unrestricted, amounted to £4,016 {2024.' £13). There are no going concern issues. The Iruslees have assessed the major risks to which the charity is exposed, and are satisfied that systoms are in place to mitigate exposure to any major risks. RALEIGH LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees are confident that the charity will be able lo malntain ils current level of activity in the fulure ID ensure that the main objectives of the chafily are athieved. structure. governance and management The Gharily is a company limited by guarantee wilhoul share Gapital and Is governed by ils Memoranduin and AriiGles of Assorialion. The trustees. who are also the directors for the purpose of company law. and who seTved during the year and up lo the dale of signatur8 of the financial slalemenls were: Mr8 Naomi Ackerman Mr Barry Ad(erman Mr Alan Meyers Mr Slephen K￿hne Tiustee appointments are based on the need for the Board lo have Ihe sknlls and experien￿ to provide Ihe appropriate oversight and scrutiny. governanoe and leadership. None of Ihe Iruslees has any beneficial interest in the Company. All of the trustees are members of the company and guaranlee to contribu18 UP to £10 in the event of a windlng up. Sublecl lo Compaiiies Act provisions every tTUStee or other officér or audllor of the Charity shall be indemnified out of Ihe assets of the Charity against any liability Incurred by hlm in that capacity In defending proceedSngs, whether civil or ￿lmInal, in which judgement is given in hi8 favour or in which he is acquilled or in connection with any application in which relief is granlad to him by Ihe court from liabillty or negligence, defaull, breach of duly or breach of trust In relation to the affairs of the Charily. There are no other employees of the charily other than the trusleas. The memorai)dum and article% of association specbfy ihal the income of the charity shall be applied solely towards the promolion of the objects as set forih therein and no part of this income may be paid or transforred to tho tiuslees. No Irustee may be appointed to any office of the chattly paid by salary or fees or receive any reniuneration or other benefit in money or money's worth from the charity. The chaiity may make paymenl to trustees for reasonable out of pocket expenses and also professional ch2rges for business done by a Iwslee who is a solicilor, accounlanl or other person when insltucled by the chaiily lo act In d professional capacity on ils bohalf. Donations lolalling £56,000 (2024.. £60,000) were received from companies in which two of the Iruslees have a material ii)ter The InJstees' rep rl was approved y the Board ol Truslees. Mr Barry Acker Tru51ee Daled....1..P.t ian cty)L.cr CO 1> 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 2025 In order lo assist you lo fulfil your dullès under the Companies Act 2006, we have prepared for your approval Ihe financial statements of Raleigh Ltd for the year ended 31 March 2025, which comprise the slalemenl of fsTran￿al activities and the related nolos ftom the charity's accounting records and from information and explanations you have given us. As a practising member firm of the Instilule of Chartered Accounlanls In England and Wales, we are subject to its ethical and other professional requirements whlth ar8 detailed al hllp5-IIwvAV.icaew.comlr8gulation. This report is made lo Ihe charitrfs Iruslees, as a body, in accordance with the terms of our engagement letter dated 9 Seplember 2022. Our work has been undertaken solely to prepare for your approval th8 financlal slatemenls of Raleigh Ltd and slate Ihose mallers that we have agreed lo slate lo the charitvs trustees. as a body, in this report In accordance with ICAEW Technical Release 07116 AAF. To the fullest extent permilled by law. we do not accept or assum8 responsibilily to anyone other Ihan Raleigh Ltd and Ihe charlty's Iruslees as a body, for our work or for Ihis report. 11 is your duly lo ensure that Raleigh Lld has kept adequate accounting rec4)rds and lo prepare statulory financial statements thal give a true and fair wew of the assets. liabllities, financial position and surplus of Raleigh Ltd. You consider that Raleigh Lld 1$ exempl from the slatutory audit reqvirement for the year and Is not required to oblaln an independent examlne¢s report, We have not been inslructed to carry out an audit or a review of the financial statements of Raleigh Ltd. For this reason, we have noi verified ihe accuracy or completeness of Ihe accounliiig records or information and exFAanations you have given to us and we do not, Iherefore. express 8ny opinion on Ihe slalulory financial slatements. Glazers Chartered Accounlants 843 Finchley Road London NW118NA Dale.. RALEIGH LTD STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 UnraBirlctod Unrostrlcted funds lunds 2025 2024 Notss Income from: Donallons and legacies Totsl Income 60,1MXJ Expènditure on: Charitable activities 51,997 69,198 Total expenditure 51,997 69.198 Net Incomel{expendSture) and movement in funds 4,003 (9,198) R•¢onclllatlon of funds: Fund balances at l April 2024 13 9.211 Fund balances at 31 March 2025 4.016 13 The slalement of financial activities includes all gains and losses recagnised in Ihe year. All income and expenditure derive from continuing activilies. RALEIGH LTD BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Current assets Cash al bank and in hand 5,250 1.196 Creditor8'. amounts falllng due wllhln one year (1,234) {1.183) Net current assets 4,016 13 The funds of thé charlty Unreslricled funds 10 4,016 13 4,016 13 Tho company is entitled to tho exemption from the audil requirement conLqined in sedlon 477 of the Companies Acl 21)08. for the year ended 31 March 2(r25. The directors acknO￿edge their responsiblllties for complying wllh Ihe requirements of the Companres Act 20[ wilh respoct to accounting re￿rdS and the prepafation of financial statemenls. The member8 have not requirad the company to obtain an audit of its financial statements for the year in question In accordan￿ with section 476. These finandal stalements have been prepared in accordan￿ wilh the provislons applicable to companies subject to Il Ipanles regime. The financial %l'. Ineiil6 ere aijpr ed by the trustees on ....g. ....P.e go? F Mi BarryAcke Trustee RALEIGH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles Charity information Raleigh Lld Is a privale company limited by guarantee incorporated in England and Wales{If (#cy755)=fO I'hen Else The regislered Offi￿ is 843 Flnchley Road, London NW11 8NA tind the principal address is 113 Brent street, London NW4 2DX. 1.1 Basis of preparatlon The financial slalements have been prepar8d in accordance with t118 charily's Memorandum and Articles of Association, the Companies 20￿ and "Accounting and Reporting by Charities= Statement of Recommended Praclice applicable lo charilies preparing Iheir accounts in accordance with the financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)° (as amended for accoui7ling peTiods commencing from 1 January 20161. The charily is a Public Benefil Entily as defined by FRS 102. Th8 charity has taken advanlage of the provisions in th& SORP for charities applying FRS 102 Updale Bulletin 1 not to prepar8 a Slatemenl of Cash Flows. The financial statements are prepared in sterling, which is the fundional currency of the charlly. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sel oul below. 1.2 Golng concèrn Al Ihe lime of approving the financial statements. the trustees have a reasonable expeclalion that the charity has adequate resources lo continue In operational exislence for the foreseeable future. Thus the trustees continue lo adopt the golng concern basis of acGounting in prepaiing the financial slalemenls. 1.2 Charitabla funds Unrestricted funds aro available for use at the discretion of the trustees in furtherance of Ihelr charitable objectives. Other than unreslricled the Charity held no other lype of fund al any lime during thè current or pieceding periods. 1.4 Income Incom8 is recognised when the charity is legally entilled to il afier any performance condilions have been mel, the aM(￿nIS can be measured reliably, and it is probable that income will be received. Cash donalions are recognised on receipt. Other donalions are recognised once the charity has been notified of the donation, unless performance coiidilions require deferral of the Amount. Income tax recoverable in relation to donalions received under Gift Aid or deeds of coveiianl is recognised al the lime ol the donalion. Legacies are recognised on receipt or Othe￿is6 if the Ghatity has been notified of an impending distribution, Ihe amouiil Is known, and receipt is expected. If the amount Is not known, the legacy is Irealed as a conlingenl assel. 1.5 Expèndlture Dire¢1 charitable expendilure comprises expense incurred directly in piirsuance of the charily's principal a¢tiMty. All expenditure is accounted for on an accruals basis and has been dassified under headlngs Ihat aggregate all co818 relating lo that calegory. RALEIGH LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles (Continued) 1.6 Cash and cash equivalents Cash and cash eqLrivalents indude cash in hand, deposits held al call wilh banks, ollTer short-lerm liquid investments with original maluTilies of IhTee months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Basic financial assels Basic finanGial assets, which include debtors and cash and bank balanc8s. are inilially measured al transaction price including transaction costs and are subsequently carried at amortised oost uslng the effecllve interest method unless the arrangemenl conslitules a financing Iransaclion, where Ihe transaction 15 measured at tho present value of the future recgipts discounted al a market rate of inler8St. Finanual assels ojassified as receivable within one year are not amortised. Basic financlal IlabillÉies Basic finanoal liabllilies. including creditors and bank loans are initially recognised al transaction price unless the a￿angern￿nt conslltule5 a flnancing transadion, where the debt instrument is measured al the presenl value of lh8 futur8 payments discounted al a market rate of Interest. Flnancial liabilities classified as payable within one year are not amortised. Trade credllors are obligations lo pay for goods or services Ihat hava b6èn aequired in the ordinary courso of operations from suppllers, Amounts payable are classified as Current li8bllities if payfflenl is due wlhin one year or less. If not, they are presented as non-￿[rent liabilities. Trade creditors are recognlsed initially al transaction price ané subsequently measured al amortised cost using the effective interest melhod. D￿r￿09n1t1on of financial Ilablll¢le$ Financial liabilllles are derecognised when the charlty's contraclual obligalions expire or are dischargad or cancelled. Donations and legacles Unrestricted Unrestricted funds funds 2025 2024 Donations and glfts 56,000 60.000 RALEIGH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charitabla activltles Grant making 2025 Grant making 2024 Dlrect costs Grant funding of activities (see note 4) 50.605 67.886 Share of support and governancè costs (See note 51 Support Govemance 107 1,285 123 1,189 51.997 69,198 Analysls by fund Unrestricled funds 51,997 69.198 Grants payable 2025 2024 Grants to instilutions- Education Faith Healthcare & welfare 11.803 13,245 25,557 13.980 10.708 43,1g8 50,605 67,888 132 granls tolalling £50,605 were made to 80 inslltulions and organisallons for the purposes desuibed above. Support costs Support Governance costs costs 2025 Support Governance Gost8 costs 2024 Bank charges 107 107 123 123 Accountancy Legal and professlonal 900 900 385 385 289 289 107 1,285 1,392 123 1.189 1,312 Analysed beiween Charitable aclivliles 107 1,285 1,392 123 1,189 1,312 RALEIGH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Trusteés None of the trustees (or any persons connected with them) ￿ceiVed any remuneralion or benefits fiom Ihe harity durlng Ihe year. Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Total There were no 8mployees whose annual remuneralion was more than £60,000. Taxation The company's charitable activities are exempl from corporation tax. The company has also oblained exemption from VAT on chaiitable grounds. Creditors: amounts falllng due within one year 2025 2024 Accruals and défe￿ed income 1.234 1.183 10 Unrestrictsd funds Tha unrestricled fvnds of Ihe tharity comprlse the unexpended balances of donations and granls which are nol subjeci to specific condtllons by dan(ws and granlors as to how they may be used. These indude designated funds which have been sel aside out of unrestricted funds by the Iwslees for spe(ific purposes. At 1 April 2024 Incoming resources ResourGas At 31 March expended 2025 General funds 13 56,000 (51,997) 4.016 Prevlou6 year: At 1 Aprll 2023 Incomlng sources Resources At 31 March expended 2024 General funds 9,211 60,000 {69,198) 13 11 Related paty transactlon8 Donations totallFng £56,000 (2024.'£60,OIJO) were recelved from companles In whlch two of th8 truste88 have 8 malerlal interest.