REGISTERED CHARITY NUMBER: 1152009
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
FOR
THE LEVY RIFKIND FAMILY CHARITABLE SETTLEMENT
Sheppards Chartered Accountants Suite 2.2 My Buro 20 Market Street Altrincham Cheshire WA14 1PF
THE LEVY RIFKIND FAMILY CHARITABLE SETTLEMENT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Receipts and Payments | 3 |
| Statement of Assets and Liabilities | 4 |
| Notes to the Financial Statements | 5 to 6 |
| Detailed Statement of Receipts and Payments | 7 |
THE LEVY RIFKIND FAMILY CHARITABLE SETTLEMENT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2024
The trustees present their report with the financial statements of the charity for the year ended 31st December 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1152009
Principal address
39 Lancaster Grove London NW3 4HB
Trustees
J Levy Mrs G S Rifkind A Levy J T Levy
Independent Examiner
Charles Levine BA FCA Sheppards Chartered Accountants Suite 2.2, My Buro 20 Market Street Altrincham Cheshire WA14 1PF
Bankers
Lloyds TSB Bank plc 21 - 23 Hill Street London W1J 5JW
Approved by order of the board of trustees on 3 June 2025 and signed on its behalf by:
Soleus
J Levy - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEVY RIFKIND FAMILY CHARITABLE SETTLEMENT
Independent examiner's report to the trustees of The Levy Rifkind Family Charitable Settlement
I report to the charity trustees on my examination of the accounts of The Levy Rifkind Family Charitable Settlement (the Trust) for the year ended 31st December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Charles Levine BA FCA Sheppards Chartered Accountants Suite 2.2, My Buro 20 Market Street Altrincham Cheshire WA14 1PF
3 June 2025
Page 2
THE LEVY RIFKIND FAMILY CHARITABLE SETTLEMENT
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
| 2024 Unrestricted fund Notes £ RECEIPTS Donations and legacies 38,250 Investment income 2 7,437 Total receipts 45,687 PAYMENTS Charitable activities Donations 49,675 Governance costs 954 Other costs 25 Total payments 50,654 Net gains/(losses) on investments - NET OF RECEIPTS/(PAYMENTS) (4,967) RECONCILIATION OF FUNDS Total funds brought forward 483,756 TOTAL FUNDS CARRIED FORWARD 478,789 |
2023 Total funds £ 15,905 4,171 20,076 25,538 198 - 25,736 - (5,660) 489,416 483,756 |
|---|---|
The notes form part of these financial statements
Page 3
THE LEVY RIFKIND FAMILY CHARITABLE SETTLEMENT
STATEMENTS OF ASSETS AND LIABILITIES 31ST DECEMBER 2024
| 2024 Unrestricted fund Notes £ CURRENT ASSETS Debtors 4 165,000 Cash at bank 333,789 498,789 CREDITORS Amounts falling due within one year 5 (20,000) NET CURRENT ASSETS 477,865 TOTAL ASSETS LESS CURRENT LIABILITIES 477,865 NET ASSETS 477,865 FUNDS 6 Unrestricted funds 477,865 TOTAL FUNDS 477,865 |
2023 Total funds £ - 483,756 |
|---|---|
| 483,756 - |
|
| 483,756 | |
| 483,756 | |
| 483,756 | |
| 483,756 | |
| 483,756 |
The financial statements were approved by the Board of Trustees and authorised for issue on 3 June 2025 and were signed on its behalf by:
J Levy - Trustee
The notes form part of these financial statements
Page 4
THE LEVY RIFKIND FAMILY CHARITABLE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity have been prepared on a receipts and payments basis, and in accordance with the Charities Act 2011.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purpose.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Bank interest received | 7,437 | 4,171 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023.
4. DEBTORS
| Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans |
2024 £ 165,000 2024 £ 20,000 |
2023 £ - 2023 £ - |
|---|---|---|
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Page 5
continued...
THE LEVY RIFKIND FAMILY CHARITABLE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024
6. MOVEMENT IN FUNDS
| At 1/1/24 £ Unrestricted funds General fund 483,756 TOTAL FUNDS 483,756 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 45,687 TOTAL FUNDS 45,687 |
Net movement At in funds 31/12/24 £ £ (4,967) 478,789 (4,967) 478,789 Resources Movement expended in funds £ £ (50,654) (4,967) (50,654) (4,967) |
|---|---|
7. RELATED PARTY DISCLOSURES
During the year ended 31st December 2024, one of the Trustees lent the charity £20,000. This amount was outstanding at the year end and is included in Other Loans.
Page 6
THE LEVY RIFKIND FAMILY CHARITABLE SETTLEMENT
DETAILED STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 38,250 | 15,905 |
| Investment income | ||
| Bank interest received | 7,437 | 4,171 |
| Total incoming resources | 45,687 | 20,076 |
| EXPENDITURE | ||
| Charitable activities | ||
| Donations | 49,675 | 25,538 |
| Support costs | ||
| Governance costs | ||
| Independent examiners fee | 954 | 198 |
| Other costs | ||
| Bank charges | 25 | - |
| Total resources expended | 50,654 | 25,736 |
| Net expenditure | (4,967) | (5,660) |
This page does not form part of the statutory financial statements
Page 7
Issuer
Sheppards Chartered Accountants
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