Docusign Envelope ID.. 9603FB284D684EC5_BEC9.84836B1F77E4 COMPANY REGISTRATION NUMBER: 07413901 CHARITY REGISTRATION NUMBER: 1139322 The AA Trust Company Limited by Guarantee Unaudited Financial Statements For the year ended 30 September 2024 COHEN ARNOLD Chartered Accountant New Burlington House 1075 Finchley Road LONDON NWII OPU
Do¢xJslgn Envelope ID.. 9603F8284D684EC5.BEC9-84836B1 F77E4 The AA Trust Company Limited by Guarantee Financial Statements Year ended 30 September 2024 Page Trustees, annual report (incorpordting the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Docusign Envelope ID.. 9603FB284D68-4EC5-BEC9-84836B1F77E4 The AA Trust Company Limited by Guarantee Trustees, Annual Report Oncorporating the Director's Report) Year ended 30 September 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudiled financial statements of the charity for the year ended 30 September 2024. Reference and administrative details Registered charity name Charity registration number Company registration number 07413901 Principal office and registered Lower Ground Floor office 43 Slamford Hill London N165SX The AA Trust 1139322 The Trustees Mr A Lipschitz Mrs D Ost Mrs E Lipschitz Asher Sternlicht, FCA Cohen Arnold New Burlington House 1075 Finchley Road LONDON NWII OPU Independent examiner Structure? governance and management Structure The charity is an incorporated entity limited by guarantee established on 20 October 2010. The Trustees administer the day-to-day affairs of the Charity- All Trustees give their time voluntarily and no beneflt or expense was paid to them in the year. Governance and management The Articles of Association provide for a minimum of three trustees. It is not currently the intention of the Trustees of the Charity to appoint new Trustees. Should the situation change in the future, the Trustees will provide suitable recruitment trdining and induction procedures. Risk management The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those relating to the operations and finances of the Charity> and are satisfied that the systems are in place to manage those risks.
Docuslgn Envelope ID.. 9603FB284D68_4EC5-BEC9.84836B1F77E4 The AA Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (coAIIAued) Year ended 30 September 2024 Objectives and activities Objectives The company is established to further those purposes for the public benefit as are exclusively charitable according to the laws of England 2nd Wales as the trustees may determine and in particular, but not exclusively,. l. The relief of povety particularly but not exclusively among persons of the Jewish faith in any part of the world. 2. The advancement of the Jewish religion in any part of the world. 3. The advancement of the education of the public in any part of the world in the knowledge of the Jewish religion and Jewish history and culture. 4. Such other charitable purposes for the tenefit of persons particularly but not exclusively of the Jewish faith in any part of the world as the trustees shall from time to time decide. Activities The charity makes grants to various institutions and bodies which are identified by the trustees as advancing the objectives of the charity. The charity's principal income was generated from the charity's investment properties. Public benefit The trustees have considered the Charity Commission's guidance on public benefit and consider that the charity confornis with them. Achievements and perfornlance During the year the charity continued its philanthropic activities and its support of its charitable objects with grants and donations totalling £190,981. Financial review The financial position of the charity is satisfadory. The charity's financial statements show a net deficit of £13,471 (2023.. net surplus of £51,618) and total reserves of £1,842,182 (2023: £1,855,653). Income from donations aggregated £44,800, and incorne from investments aggregated £240,831. Net income from the charity's investment properties aggregated £201,983. The financial results of the charity's activities for the year to 30 September 2024 are fully reflected in the attached financial statements together with the not¢s thereon. Investment policy The trustees have set a policy that the expendable endowment should be invested so as to maximise the total return with a low level of risk. Reserves policy It is the policy of the charity to maintain unrestricted funds at a level which the Trustees consider appropriate after taking account of its future commitments. Plans for future periods The Charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory incoming resources.
Docusign Envelope ID.. 96D3FB284D684EC5_BEC9_84836B1F77E4 The AA Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (eomilnxed) Year ended 30 September 2024 Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 23 July 2025 and signed on behalf of the bcTrard of trustees by: Do¢uSl¥nodtry'. 5D145EEOAF6D4DD.. Mr A Lipschitz Trustee
Docusign Envelope ID.. 96D3FB284D684EC5_BEC9_84836B1 F77E4 The AA Trust Company Limited by Guarantee Independent Examiner's Report to the Trustees of The AA Trust Year ended 30 September 2024 I report to the trustees on my examination of the financial statements of The AA Trust ('the charity,) for the year ended 30 Septernber 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the charity's accounts as carried oul 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 Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. have completed my exam7nation. I confirn] that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charity Is required by section 386 of the 2006 Act. or the financial statements do not accord with those records. or the financial statements 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 the financial statements have not been prepared in accordance with Ihe methods and principles of the Statement of Recommended Practice for accounting and reporting by harities applicable to charities preparing iheir 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. Asher Sternlicht, FCA Cohen Arnold Independent Examiner New Burlington House 1075 Finchley Road LONDON NWI I OPU 23 July 2025
tA)cusign Envelope ID.. 9603FB284D684EC5-BEC9_8483681F77E4 The AA Trust Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 30 September 2024 2024 Unrestricted funds Total funds Total funds 2023 r4ote Income and endowments Donations and legacies Investment income 44,800 240,831 44,800 240,831 58,000 237,331 Total income 285,631 285,631 295,331 Expenditure Expenditure on raising funds: Investment management costs Expenditure on charitable activities Total expenditure (36,973) (36,973) (40,143) (262,129) (262,129) (203,570) (299,102) (299,102) (243,713) Iyet (expenditure)/income and net movement in funds (13,471) (13,471) 51,618 Reconciliation of funds Total funds brought forward Total funds carried forward 1,855,653 1,855,653 1,804,035 1.855,653 1,842,182 1,842,182 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes pagtt 7 to 12 forni pAi* of these financial stat¢ments.
Do¢usign Envelope ID.. 96D3FB284D684EC5_BEC9_84836B1 F77E4 The AA Trust Company Limited by Guarantee Statement of Financial Position 30 September 2024 2024 2023 Note Fixed assets Investrnents io 2,750,000 2,750,000 Current assets Debtors Cash at bank and in hand li 31,705 7,075 33,983 15,577 38,780 49,560 Creditors: amounts falling due within one year 12 (112,543) (83,305) Net current liabilities (73,763) 2,676,237 (33,745) 2,716,255 Total assets less current liabilities Creditors: amounts falliJ)g due after more than one year Net assets 13 (834,055) 1,842,182 (860,602) 1,855,653 Funds of the charity Unrestricted funds 1,842,182 1,855,653 1,855,653 Total cha rity funds 14 1,842,182 For the year ending 30 September 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 23 July 2025, and are signed on behalf of the board by: DDcuSlGnd by.. tsrscLI* 50145EESAf504DD. Mr A Lipschitz Trustee The notes on pages 7 to 12 forni part of these financial statements.
Docusign Envelope ID.. 96o3FB284D684Ec5-BEC4836Bl F77E4 The AA Trust Company Limited by Guarantee Notes to the Financial Statements Year ended 30 September 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Lower Ground Floor, 43 Stamford Hill, London, N16 5SX. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no materiv41 uncertainties about the charity's ability to continue. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102.. (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and SumptIonS that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Do¢uslgn Envelope ID= 96D3FB284D684EC&BEC9-84836B1F77E4 The AA Trust Company Limited by Guarantee Notes to the Financial Statements fcorttlrtAedJ Year ended 30 September 2024 Accounting policies (conllnued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates- expenditure on raising funds includes the costs of all fundraising activitTes, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governan¢¢ of the charity apportioned to charitable activities. other expenditure iT]cludes all expenditure that is neither related to Taising funds for the charity nor p&rt of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Financlal instruments A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual PTOViSiOnS of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Limited by guarantee The AA Trust is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £ I to the assets of the company in the event of its being wound up whlle he or she is a member, or within one year after ceasing to be a member.
Docusign Envelope10'. 96D3FB28.4D684EC5_BEC9-84836B1F77E4 The AA Trust Company Limited by Guarantee Notes to the Financial Statements (contlKuerf) Year ended 30 September 2024 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations 44,800 44,800 58,000 58,000 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Income from investment properties Other interest receivable 238,956 1,875 238,956 1,875 236,393 938 236,393 938 240,831 240,831 237,331 237,331 Analysis of grants 2024 Grants to institutions The Egerton Road Trust Amud Hatzdokoh Trust Yeshuos Shabbos Mercaz Hatorah Netzach Yisroel College For Higher Rabblnical Studies Start Upright Yeshivas Bels Dovid Mosdos Hatorah Pnei Menachem Ltd Kahal Chassidim Bobov Cong. Minchas Yehuda Kolel Yehoshuas Chaim The New Girls School Vyoel Moshe Charitable Trust Other grants below £5,000 24,647 12,290 11,504 io,ioo 10,000 9,400 9,050 7,500 7,000 6,181 5,985 5,700 5,335 64,651 189J43 Grants to individuals Grants to individuals 1,638 Total grants 190,981 Grants were made in pursuit of the charity's objects in the fields of rcligion, education and the relief of poverty.
Docusign Envelop810'. 96D3FB284D684EC5-BEC9_8483681F77E4 The AA Trust Company Limited by Guarantee Notes to the Financial Staten)ents (conlinued) Year ended 30 September 2024 Independent examination fees 2024 2023 Fees payable to the independent exaTniner for: Independent examination of the financial statements 3J30 3,240 Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 10. Investments Investment properties Fair value At l October 2023 and 30 September 2024 Impairment At l October 2023 and 30 September 2024 Carrying amount At 30 September 2024 At 30 September 2023 2,750,000 2,750,000 2,750,000 All investments shown above are held at valuation. Investment properties Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date by the trustees and any changes in fair value are recognised in profit or loss. 11. Debtors 2024 2023 Trade debtors Prepaytnents and accrued incorne Other debtors 128 6,577 25,000 2.483 31.500 31,705 33.983 io
Docusign Envelope ID= 9603FB284D68-4EC5-BEC944836B1 F77E4 The AA Trust Company Limited by Guarantee Notes to the Financial Statements (eonllFtuetl) Year ended 30 September 2024 12. Creditors: amounts falling due within one year 2024 2023 Mortgage loans Accruals and deferred income Other creditors 22,298 6,660 83,585 22,300 6,480 54,525 112,543 83,305 13. Creditors: amounts falling due after more than one year 2024 2023 Mortgage loans Bank loans and overdrafts Other creditors 746,288 6,667 81,100 756,335 16,667 87.600 834,055 860,602 14. Analysis of charitable funds Unrestricted funds At30 September 2024 At l October 2023 Income Expenditure General funds Fair value reserve 463,707 1,391,946 285,631 (299,102) 450,236 lJ91,946 1,855,653 285,631 (299,102) 1,842,182 At30 September 2023 At l October 2022 Income Expenditure General funds Fair value reserve 412,089 1,391,946 295,331 (243,713) 463.707 1,391,946 (243,713) 1,855,653 1,804,035 295,331 li
Do¢usign Envelope ID.. 96D3FB284D684EC5-BEC9-84836B1 F77E4 The AA Trust Company Limited by Guarantee Notes to the Financial Statements (conlinE4edJ Year ended 30 September 2024 15. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Investments Current assets Creditors less than l year Creditors greater than l year Net assets 2,750,000 2,750,000 38,780 38,780 (112,543) (112,543) (834,055) (834,055) 1,842,182 1,842,182 Unrestricted Total Funds Funds 2023 Investments Current assets Creditors less than l year Creditors greater than l year Net assets 2,750,000 2,750,000 49,560 49,560 (83,305) (83,305) (860,602) (860,602) 1,855,653 1,855,653 16. Related parties Donations received includes amounts aggregating £43,800 of donations from companies connected to the Trustees. No conditions were attached to any of the donations. Included in Other creditors falling due within one year are amounts aggregating £76,790 due to ompanies with directors in common with this charitable company. 12