2024-06-30-accounts

RowANVIL￿ LtMITED ll￿TED BY GUARANTEE Company No.. 1152779 Charity No.: 267278 FINANCL4L STATEMENts for the yegr ended 30 JUD¢ 2024 COHEN ARNOLD CHARTEEiED ACCOUNTANTS REGISTERED AUDITORS LONDON NWI I OPU

ROWANVILLE LIMITED Af4D SUBSIDIARY UNDERTAKINGS FOR THE YEAR ENDED 30.KUNE 2024 INDEX TO THE FINANCIAL STATEIIIENTS Page Referenc£ and Administrative Information Trustees, Report Auditors, Report io Consolidated Statsment of Financial Activities Consolidat¢d Statement of Financial Position 13 Company Sialement of Financial Position 14 Cashflow Stat¢ment 15-26 Notes to the Financial Ststements

ROWANVILLE Lll¥lITED LIMITED BY GUAIL4NTEE REFERENCE AM) ADMINISTRATIVE DETAILS FOR THE YEAR EI¥4DED 30 JUNE 2024 Name: Rowanville Limite4J StatU5: InCO￿Orated. 20 Decemi￿r 1973 Company Number: 1152779 Registered Charity Nulnber: 267278 Princip21 Office: 64 Ballards Lane ndon N3 2BU Registered Addms: 64 Ballards Lane London N3 2BU Charity Trustees: Mr A C Becker Mr J Pearlman Mrs R P¢arlman Secretary: Mrs R Pearlman Allditors: Cohen Arnold New Burlington House 1075 Finchley Road London NWI I OPU

ROWANVILLE LIMITED LIIVIITED BY GUARAf+rrEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The tn￿tees. who are also the directors for the purposes of company law, present their report together with the consolidated financial statements of the charity and its subsidiaries for the year ending 30 June 2024. The Financial Sialements wmply with the Charities Act 2011, the Companies Act 2006, the Memordndum and Articles of Associatio￿ and Accounting and Reporting by Charities.. Stat¢m¢nt of Recollllnended Practice applicable to ¢harities preparing their ￿OUntS in accordance with th¢ Financial Reporting Standard applicable in the UK &nd Republic of Ireland (FRS102) (effective l January 2015). REFERENCE AND ADMINISTIL4TIVE IKFORMATION Reference and Administrative Inforniation of the company is shown on page l of the financial statements and fornis part of this report. ORGANISATION STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is Constituted a5 a company limit¢d by guarantee and a registsred charity governed by its Memorandum and Articles of Association. The trustees who setved during the year were Mr A Becker, Mr J Pearlman and Mrs R Pearlman. Th¢ day-to-day affairs of the company are athninist¢red by the trustees. It is not currently the intention of the trust¢es of the charity to appoint new ljvstees. Should the siiuation change in the future. th¢ ITUSt¢¢s will apply suitsbl¢ ￿ruitMent training and induction procedures. Group Struclurc andReI￿¢0￿$hlps The charity has two wholly owned subsidiaries. Lydminster Limitel a propty invesiment company which gifts its profits to the charity. and Sylvella Charity Limited, 8 charity company with objects similar lo Rowanville Limited. Risk Managemenl Th¢ Trustees have assessed the major risks to which the charity is expose￿ in particulaT those related to the operations and fin8nce of the charity, and are salisfi¢d that systsms are in plac¢ to mitigate its exposure to thos¢ risks. OBJECTIVES AI¥D AcfIviTIES The object of the charity is to advan¢¢ religion in accordon¢¢ with the orthodox Jewish faith. To achi¢v¢ its objective th¢ charity makes grants to charitable institutions with similar objedives and its chaTitabl¢ subsidiary provides accommodation free of charge for use by a Jewish faith schwl and also provid¢s assistance to the budg¢tsry requirements of that school. The trustees confinn that they have referredtt>the guidance contained in th¢ Charity Commission's g¢neral guidance on public benefrt when r¢viewin8 the charity's aim and objectives and in planning future activities.

ROWANVILLE LIM￿ED LTMrrED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 ACHIEVEMENTS AND PERFORMANCE During the year the charity has continued its philanthropic activities and maintained its support of religious, educational hnd other charitable institutions. Jhe aggregate of donations and 8fdnts made were £583.672 (2023: £424,611). FL¥ANCIAL REVIEW FinancialPosiÈion The financial results ofthe company and its subsidiary undertakings for the year ended 30 June 2024 are ￿lty reflected in the attached financial statements together with the notes thereon. Reserves Policy It is the policy of th¢ Charity to maintain unr¢stricted funds which are the free reserves of the charity, at a level whi¢h provid¢s sufficient resources to cover management and administration and direct charitable ¢xpenditure. As at 30 June 2024. the charity had £12,285.016 of unrestricted funds and £8.339 of restrictsd InV￿rmen1PoI1cY and objectives Under the Memorandum and Article5 of Association, the charity has the power to make any investhient which the tjustees see fit provided such funds ar¢ not immediately required for use in connection with any of its objects. The charity's investment policy is to maximise the in¢om¢ and gains so that its charitable objectives be maintained and expanded. The trustees, having regard to the liquidity requir¢ments of the charity and to th¢ res¢rves policy have op¢rat¢d a policy of keeping available funds in an int¢rest-bearing detK)sit account. PLANS FOR FtrnrRE PERIODS The charity plalls to continue th¢ activities outlined above in the forthcoming ye&rs subject to sufficient income. FIXED ASSETS The movements in Fixed Assets aT¢ fully reflected in Note 15 to the Financial Statements. LNVESTMENrs The Company's investment in the subsidiary undertskings are included in the financial sthtements at valuation, based on the market valu¢ of its underlying assets less liabilities. The valuation of properties and other assets in the subsidiaries has been made by the trustees of this wmpaDy.

ROWANVILLE LIMITED LIMrrF.D BY GUARANTEE REPORT OF IIIE TRUSTEES FOR THE YEAR ENDED 30 UNE 2024 TRUSTEKS? RESPONSIBILITILS STATEMENT The trustees (who are also the diiectors for the purtKJses of Company tAw) ate responsible for preparing the tnjstees, annual report and fil￿ne121 statements fftn accordance wilh applicable law and United Kingdom Accounting Stand￿￿ Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the trus*es to prepare financiat Statements for¢a¢h financial year which give a ttue and fair view of the state of affairs of (he charitable company and ihe group and of the incotlllng resources and application of resources, including the income and expenditllre of the charitable group for that period. In preparing these fffinanciai stat¢mcnls, the tEUStees are required to.. Select suirable a¢counung policies and th¢ll apply them consistently. observe the methods atsd principles in the Chatities SORP. make judgements and accounting estirnate8 rhai are reasonable and prud¢nt; and prepare the financial State￿entS on ihe going conccrn basis UT]less it is inappropriate io presume Ihat the ch￿lty will ¢ontinue in operation. The trus(ees are reS￿)nSIble for keeping adequate accounting records that are sufficientto show and explain the charity's and the group's transactions and disclose with Teasonable accuracy at any tilne the f￿￿ncIal position of the ehariry and the group and enable thcm to ensure Ihat the Financial Statements comply with the Compat]ies Act 2006. They are also responsible for safeguarding the assets of rhe charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other trregu12rities. AUDITOR Cohen Arnold are deemed to be re-appointrd under Section 487(2) of the Companies Act 2006. Each of the persons who is a trnstee at the date of approval of this report confums that.. so far as each trustee is f4ware, there is no relevant audit information. being inforn￿tIon needed by the auditor in connection with preparing their report, of which the group's auditor is unaware, and each trnstee, has taken all steps that they ought to havc taken as a tri]stee to make themselves 2ware of any relevant audii inforniation and to establish ihat the group's auditor is aware of that information. SMALL COMPANY PROVtSlONS This report h&$ bccn prq)ored in accordance with the provisions applicable to companies enutled to the small companies exemption. By Order of the Trustees Mr A C Becker 17 December 2024

ROWANVILLE LIMITED LILVllTED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MF.MBERS ￿ND TRUSTEES YLAR ETr4DED 30 JUNE 2024 Opinion W¢ have audited the financial statements of Rowanville Limited (the 'charity' and its subsidiaries (The Group)) for the year ended 30 June 2024 which comprise the Consolidated Statement of Financial Activities. the Consolidated and Parent Company Statem¢nt of Financial Position, the Consolidated Cash Flow Ststements aJ]d the related notes, including a summary of significant accounting policies. The financial reporting frarnew0￿ that has been applied in their preparation is applicable law and United Kingdom Accounting SLgndards. including FRS 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial ststements.. give a true and fair view of the slate of the group's and charity's affairs as at 30 June 2024 aThd of the group's incoming resources and applicalion of resources, including its income and expenditure, for the yeaT then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice" have been prepared in accordance with the requirements of the Companies Act 2006 and Charities Act 2011. Basis for opinion W¢ conducted our audit in accordance with Internation￿ Standards on Audiling (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with th¢ ¢thieai requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material unoertainties relating to ¢vents or conditions that, individually or collectively. may cast significant doubt on the cllarity's or group's or the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our Tesponsibilities and the responsibilities of the trustees with respect to goin8 concern are described in the relevant sections of this report.

ROWANVILLE LIMITED LIMITED BY GUARANTEK INDEPELYDEIYT AUDITORS, REPORT TO THE MEMBERS AIYD GOVERNORS TRUSTEES YEAR ENDED 30 JUNE 2024 Other information The other inforn)ation comprises the infornlation included in the annual rep)rt, other than the fmancial statements and our auditor's report thereon. The trustees are responsible for the other infonnation. Our opinion on the fllwcial statements does not cover tILe other inforn]ation and, except to the extent otherwise explicitly stated in our report, we do not express any forn] of assurance conclusion ther¢on. In connection with our audit of the fllwicial ￿atementS, our responsibility AS to read the other infornjation and, in doing so, consider whether the other inforn]ation is materially inconsistent with the fmancial statements or our knowledge obtained in the audit or othen¥ise appears to be materially misstated. If we identify such material inconsistencies OT apparent material isstatements, we are required to detern]ine whether there is a n￿terial misstatement in the fmancial statements or a material misststement of the other inforniation. If, based on the work we have perfornied, we conclude that there is a material misstatement of this other inforniation, we are required to report that fact. We have nothing to report in this regard. Opinions on otber matters prescribed by the Companies Aet 2006 tn our Opinio￿ based on the work undertaken in the course of the audit: the inforn]ation given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the lrnstees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception Inthe light ofthe knowledge and understanding of the group and the charity and their environment obtained in the course of the audiL we have not id¢ntified material misstatements in the trustecs, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept by the chaTity, or returns adequate foT our audit have not been r¢¢eived from branches not visited by us" or the financial statements are not in agreemenl with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the Inforn￿tiOn and explanations we require for our audit. OT the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exetnptions in prepating the trustees, report and from the requirement to pr¢par¢ a strategic report.

ROWANVILLE LIMITED LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO THE MEMBERS AND GOVERP40RS RUSTEES YEAR ENDED 30 Ju￿ 2024 Respon5ibilitie$ of trustees As explained more ￿llY in the trustees, responsibilities statem¢nt, the trustees (who are also the directors foT the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and faiT view. and for such internal control as the trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In pr¢paring the financial statements. the trustees are responsible for assessing the charity's and group's ability to continue as a going Conce￿ disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the Audit of the financial Statements Our objectives are to oblain reasonable assurance about whether the f￿anCIal statements as a whole are fre¢ from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuTance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and aTe considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these fmanciai statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, Outlined above, to detect material misstaternents in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We obtained an understanding of the l¢gal and regulatory frameworks that are applicable to the charity through discussion wAth the trustees and identified which were tnost significant with respect to the financial statements. We identified financial reporting legislation (including related companies Regislation), and anti-bribery le8islation as being most significant to these financial stat¢￿entS. We communicat¢d these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations. We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks. We assessed the susceptibility of the group's financial statements to material misstatement due to non-cotnpliance with legal atld regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation phases of our audit. The susceptibility to such material fflisstatement was deterniined to be low.

ROWANVILLE LIMITED LlTrtrrED BY GUAIi4NTEE INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS AND GOVERNORS TRUSTEES YEAR ENDED 30 JUNE 2024 Based on this understanding we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on charity's iDternal controls policies and procedures, correspondence with regulatory bodies including Charity Commission and HMRC, testing transactions outside the normal course of the business and journal entries, and discussions with the trustees. Owtng to the inherent limitations of an audit. there is an unavoidable risk that w¢ may not have detected some material misstatements in the financial statements, even though we have properly planned and perfonned our audit in accordance with auditing standards. For example, the fjjrther Temoved non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the fu￿nCIal statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audiL there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations. OT the oveLTide of illten￿ Controls. We are not Tesponsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify 8lld assess the risks of material misstatement of th¢ financial stalements, whether due to fraud or eLTor, design and perfonn audit procedures responsiv¢ to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from eLTOT, as fraud may involve collusion, forgery, intentional omissions, misryresentations, or the override of internal control. Obtain an understandmg of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and tbe reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, b&ged on the audit evidence obtained, wheiher a material uncertainty exists related to events or Conditions that may cast significant doubt on the charity's or group's ability to continue as a going concern. If we conclude that a material unce￿Inty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity or group to cease to Continue as a going concern. Evaluate the overall presentation, structure and content of the fllWLcial statements, including the disclosures. and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

ROWANVILL.V. J,IMITF.D LIMITED BY GUARANTEE INDEPEI4DENT AUDITORS, REPORT TO THE MEMBERS AIYD GOVERNORS TRUSTEES YEAR ENDED 30 JUNE 2024 Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsibl¢ for the direction, supervision and perforniance of the group audit, We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters. the planned scope and timing of the audit and significant audit f￿dIngS. including any significanl deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's member, as a kndy> in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's member those matters we are required to state to them in an auditovs report and for no other pU￿oSe. To the ￿lIest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's member as a body. for our audit worK for this reporL or for the OPiDions we have formed. JOSHUA NEUMANN FCA (Senior Statutory Auditor) For and on behalf of COHEN IUINOLD Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road LONDON NWI I OPU 17 December 2024 Cohen Arnoldis eligible to act as ¢7n Audilor in terrpts ofseetion 1212 ofihe Copnpanies Act 2006

ROWANVILLE LI￿￿[rED AND SUBStDtARY UNDERTAKING CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME & ExPE￿DITuRE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestrictsd Fulld Restricted Fund 2024 Total 2023 Total Notes ]￿ComE AND EIYDOWMENTS Donations and Legacies Inv¢sttnent tncome 3032IK 456,708 500 303,700 456,708 432,968 345,672 TOTAL INCOM 759,908 500 760,408 778.640 EXPENDITURE Expenditiwe on Raising Funds". ]nvestment Management Costs EX￿ndittwe on Charitable Activtties (54373) (598.158) (54J73) (53,748) (510) (59&668) (436.137) TOTAL EXPENDTfuRE (652531) (510) (6S3,041) {489.885) DefeThed tsxation Net (loss)Igains on disposal of inve5tsnent assets (13,01)0) (￿,(￿J0} (16,000) 57,600 F4ET INCOMEIIEXPENDITURE) 94J77 (io) 94J67 330.355 IYET ]74COME AND IYET MOVEMEY4T OF FUNDS 94J77 (io) 94a67 330,355 RECONCILIATION OF FUNDS Total Funds Brought Fornvard 12,190ffi39 8J49 12,198,988 11,868.633 TOTAL FUNDS CARRIED FORWARD 19 12285,016 8J39 12293J55 12,198,988 The Statement of financial ￿tivitI¢$ includes all gains and losses in the year, Ail of the above amounts relate to continuing activities. The notes on pag¢s 15 to 26 forni part of these Financial Ststements. io

ROWANVILLE LIl￿ED LIMITED BY GUARANTEE CONSOLIDATED STATEMEI NT OF FINANCIAL POSITION AS AT 30 JUNE 2024 Compi7nyNo.' 1152779 Unrestricted Fund Restricted Fund 2024 Total 2023 Total Nots8 FIKED ASSETS Tangible Assets Investments 14 15 6J95564 5,661,178 6,395,564 5,661,178 6,367.140 5,661.178 12,056,742 12,056,742 12,028,318 CURRENT A&sErs Debtors Cash at Batth and in hand 16 7230 910J09 7230 918,648 16,339 854,765 8J39 917.$39 8J39 92&878 871,104 Creditors fauing due within one year 17 (596265) {596.265) (620,434) NET CURRENT ASSETS 321274 8J39 329,613 250,670 TOTAL ASSE]S LESS 12J78J116 8J39 12J86J55 12278,988 PROVISIONS FOR 18 (93,000) (93,000) (80.IKIO) & CHARGES r ASSETS 12285,016 8J39 12393J55 12.198,988 Unr¢stricted Funds Restricted Funds Non-charitsble trading fimd 19 19 19 11087,791 11087,791 11.780,765 8J39 8.349 397225 409.874 8a39 397225 12385.016 8J39 12293J55 12,I98,988 The immediately following pag¢ fonns an intsgrnl part of this Consolidated Balance Sheet.

ROWANVILLE LIMITED tNirrED BY GUARAl+rrFF CONSOLIDATED STATEMENT OF FINANCIAL posfTION ASAT30 UNE 2024 Company No.. 1152779 The Trnste&s have ￿¢pa￿d group &counts in accordance with section 398 of Companie5 Act 2006 and section 138 of the Chatities Act 2011. l￿e A¢couttts are prePa￿d in aCC￿dance with the specffial provisions of Part 15 of the Companies Act r¢l*ing to small companie5 and ¢onstirnte the annual accounts required by the CompAt]i&s Act 2LNJ6 and are for circulation to members of the Company. The Financial Statemellts were approved by the T￿$t￿8 on 17 December 2024 and signed on its bd)alf by: Mr A C Beeker Tr￿tee The notes on pages 15 to 26 forni partof these F￿ancial Statema￿. 12

ROWANVILLE LIMITED IMtTED BI, GUARANTEE STATEftrlENf OF FtNANCIAL POSITION ASAT30 NE 2024 Compapry No.. J152779 Unr&stricted Fund Restrlcted Fund 2024 Total 2023 Total Notes ASs￿s Tangthle Assets v&stments 14 15 1629015 9288,091 2,629,815 9,28&091 2.619.815 9.281163 11917906 11917906 11,901,978 CURRENf ASSETS Debtors Cash at Bank and in hand 16 118,493 &13215 118A93 851554 105,933 805,675 &339 961,708 8J39 970,047 911,608 CREDrfoRS: AmounTS falling due within one year 17 (594W8) (594598) 1614.5981 NET CURRENT ASSETS 367,110 8039 375,449 297,010 NET ASSETS 12285,016 8J39 12293J55 11198,988 Unrestricted Fonds Restricted Funds 19 19 12285,016 11285,016 11190,639 8J39 8.349 8J39 TOTAL CHARITY FUNDS 12285,016 8J39 J2293J55 11198.988 The Financial Siatcments were approved by the TTusie¢s on 17 Decemb￿ 2￿ and signed on its behalf by Mr A C Becker The notes on pages 15 to 26 fomi part of these Financial Statements. 13

ROWANVILLE LIMITED TED BY GUARANfEE CASH FLOW STATEMEiYr AS AT 30 JUNE 2024 CompapryNo." 1152779 2024 2024 Not¢s Casb flows from operating activities: Net ￿$h used in operating activities 21 (321,568) 69,927 Cxsb flows from invtsting acilvities: Net cash provided by investing activities 389.620 451,959 C￿￿ Ilows from fmaDcing ¥4etivitie5: Net cash used in financing activities (4,169) (300,000) Change ill cash fdlld cash equivalents in the year 63,883 221.886 Cash and cash equivalents at the ￿gI￿nIng of the year 854,765 632.879 Cash and eash equivalents V4t the end of the year 21 918,648 854.765 The notes on pages 15 to 26 foLin part of these Financial Statements. 14

ROW ANVILLE LIMITED AND SiiBSIDIARY I_INDF.RTAKINCS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 GENEBAL INFORMATION Rowanville Limited is a private company limited by guarantee, registered in England and Wales and a regisfrred charity in England and Wales. The address of the ￿gIStered oifice is 64 Ballards Lane, London N3 2BU. STATEMENT OF COMPLIANCE These financial statements have been prepared in ¢ompliance with FRS 102. 'The Financial Reporting Stalldard applicable in the UK and the Republic of Ir¢land'. the Ststement 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)), the Charities Act 2011 and the Companies Act 2006. ACCOUNTING POLICIES BASIS OF PREPARATION The finan¢ial statements have been prepared on the historical c05t basis. as modified by the revaluation of certain financial Assets and liabilities and inveslment properties measured at fair value through income or expenditu￿. The financial statements are prepared in Sterling which is the ￿nctiOnal currency of the Charity. The Charity meets the definition of a public benefit entity und¢r FRS 102. GOING CONCERN At the time of approving the financial statement5, the trustees have a reasonable expectation that the charity has adequate resources to continu¢ in operational existen¢¢ for the foreseeable future. Thus, the trnstees continueto adopt th¢ going concern basis ofaccountin8 in preparing the financial statements. 3J JUDGEMENTS AM) KEY SOURCES OF ESTIMATION AND IJNCERTAINTY In the appIl￿tiOn of the company's accounting policies, the trustees are required to make judgements, estim&tes and assumptions aboutthe carrying amounts of assets and liabilities that are not readily apparent from other 50urc¢s. Th¢ estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these ¢stimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to acci)unting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if ihe revision affects both CLurent and futyre periods. Judgements made by th¢ directors, in the application of these accounting policies that have significant effect on the financial statsments and estimate5 Wlth a significant risk of material adjustment in the next year are discussed below. 15

ROWANVILLE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES (Con¢inued) . Property valuations The group's propety Portfolio is valued by the trnstees. The ValU￿10n of the group's properties is inEL¢rently subjective, depending on many factors. including the individual nature of each property, its location and expected future net rental values, market yi¢lds and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty &nd are made on the basis of assumptions which may not prove to be ￿urate, particularly in periods of dilyicult market or economic conditions. ii. Trade debtors Management uses details of the ag¢ of trade debtors and th¢ ststus of any disputes together with external evidence of the credit ststus of the counterparty in making judgements concerning aThy need to impair the carrying values. GROUP FINANCIAL STATEMEIYTS The financial statements consolldate th¢ results of the Charity and its wholly-owned Subsidiaries, Sylvella Charity Limited and Lydminster Limited, whose financial slatements are made up to the sanle accounting date, on a line-by-lin¢ basis. The 240/D participating interest in Covered Markets Limited, set out in note IS, is not consolidated as it is held solely as an investment and the charity does not seek to influence the operating and financial policy of the company. A separate Statement of Financial Activities. and income and expenditure account dealing with th¢ results of the ¢harity only, has not been presenied because the charity has taken advantage of th¢ exemption afforded by Section 408 of th¢ CompatLies Act 2006. Of the net movement in funds of the group. a surplus of £94,367 (2023.. £330.355) has been dealt with in the Statement of Financial Activities of the charity itself. 35 INCo￿t[NG RESOURCES Retogllition of Ineoming R￿OUr£eS Income is derived on a receivable basis from property sales and rental. donations, dividends from Sha￿ held in a private compaThy and inter¢sl on short-terni deposits. Income from the grant of a life tetwicy interest in an investment property is included on a receivable basis. based on the life ex￿CtancY of the grante¢. t£gacy income is only included where either the legacy has been received or where the timing of the receipt and the amount is known with certsinty. The value of donated seTYices is only included whetr the benefrt to the Charity is reasonably quantir￿b]e and measurable. These resources are in¢ludd in the Ststemenl of Financial Activities (SOFA) when all of the following criteria are met: the charity or its subsidiaries have entitlement to the funds. the receipt of the income is considered probable. and th¢ monetary value ¢an b¢ measured with suffi¢ient reliability. Incoming Re50urce$ Related Expenditure Where incoming resources have related expenditure (as with fundraising Contr&ct or investment income) the incoming resources and related expenditure are reported gross in th¢ SOFA. 16

ROWANVILLE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNfiNG POLlCtES (Continued) Resources expended All expenditure is accounted for on an wcNals basis and allocated directty to the appropriate actfftvity cost. Grants to institutions reptEsent payments to other oharities in furtherance of the charity's objectives. IDvotment Income This is included in the A￿oUntS when ￿¢¢IVable. CIUIUTABLE ACTivrfiFS Grants payable are only recognised in the accounts when paid. 3.7 INVESTIKENf MANAGEMENf COSTS Investment management costs include costs relating to the investment properties on an accrual basis. GOVERNANCE COSTS Governance costs include costs of the preparation and audit of financial statements and cost of any legal advice to trustees on governance or constitutional m&tt¢rs. FUND AccouwfING General unr¢stricted funds comprise the accumulated s￿￿luS or deficit on income and expenditure account. They ar¢ available for use at th¢ discretion of ihe tnjstees in furtherance of the general objectives of the charity- Restricted fvnds are funds subject to sp￿lfIC restrict￿ conditions imposed by donors. The charlty maintains a restricted income funl the MGS Building Fun(L to provide reSou￿¢S for the major refurbishment of th¢ M¢norah Grammar School. Designated funds are funds, which have been set aside at th¢ discretion of the trustees for specific purposes. There ar¢ no designatsd funds as at the Balance Sheet date. 3.10 TANGIBLE FIXED ASSETS Freehold land and buildings held for charitable use are stated at cost. No depreciation is provided as the assets are kept in g(K)d repair and have a very long useful life and the estimated residual values not materially different from the carrying values. An impaitinent review was carried out which shows that th¢ recoverable amounts are in excess of th¢ ¢aryiThg value. INVESTMENT IN SUBSIDIARY UNDERTAKINGS Shareholdings acquired are initially recorded at cost and subsequently included at trust¢es' best estimate of fair value based on the net asset value. The net assets of the subsidiary undertakings reflect fair values of its underlying properties held for inveslm¢nl' a￿Y Su￿jUS or deficit on revaluation is recognised in the SOFA and taken to Other Unrestricteii Funds. 17

ROWANVILLE LIMITED AND SUB51DIARY UNDERTAKINGS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIqDED 30 JtJl¥4E 2024 AccouNfiNG POLICIES (CoRlinued) 3.11 t￿IPAIRMENT OF FIXED ASSETS A r¢view for indicators of impairment is wried out at each reporting date, with the recoverabl¢ amount being estimated where such indicators exist. Where the carrying amount exceeds th¢ r¢¢overdble amount, the asset is impaired accordingly. Prior impairnients are also reviewed for possibl¢ reversal at each reporting dats. 3.12 INVESTMEF4T PROPERTIES Investtnent properties are recognis¢d initially at cost. Subsequent to initial recognition- - Investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised the income and ¢xpenditure account in the period that they arAse' and ii. No depreciation is provided in rtsp¢¢t of investment properties applying the f&ir valu¢ model. The fair value of residential units is based on the trustees, understanding of property market condttions and the specific properties concerned using a sale5 valuation approach, derived from recent comparable transactions on the market, adjusted by applying discouDls to reflect status of occupation and condition. The fair value of commercial properties is deterniined using th¢ income capitalisation method, requiring the application of an appropriate market based yield to net operatin8 income. 3.13 ACQUISITIONS AND DISPOSALS OF PROPERTIES Acquisitions and disposals are considered to have tsken place at th¢ date of legal completion and are included in the fllwicial ststements accordingly. 3.14 TAXATION Th¢ charity is exempt from lax on incom¢ and gains falling within S￿lI0n 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to th¢ extent that these are applied to its charitable objects. Nohvithstsnding the above, defe￿ed tax is r¢oognised in respect of all timing differences pr¢s¢nt in the non-charitable subsidiary undertaking which arise from the inclusion of income and expenses in tax assessments in periods diffeTent from those in which are reco￿lSed in the fjnancial statements. Deferr¢d tsx is not recognised on pennanent differences arising because certain types of income or expense ar¢ non-tsxable or are disallowable for tax or because certain tax charg¢s or allowances aTe greater or smaller than the corresponding iucome or expense. Deferred tax is measured at th¢ tax rate that is expected to apply to the reversal of the related difference. using tax rates enacted or substantively enacted at the balanc¢ sheet date. For inve5tm¢nt property that is measured at fair value, deferred tsx is provided at the rate and allowances applicable to the sale of the property. 18

ROWANVILLE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTES TO THE FINANCIAL STATEMEf+rrs FOR THE YEAR EI4DED 30 JUNE 2024 ACCOiINflNG POLICIES (Conlinued) 3.15 FINANCIAL INSTRUMENTS Financial instruments ar¢ classified and accounted for, accordingto the substance ofthe COn￿Clua] a￿angemen( as either financial assets, financial liabilities or equity instruments. AtL equity instnjment is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabiliti¢s. Th¢ ¢h&rity has fmancial ass¢ts and financial liabilities of 2 kind that qualify as basic financial instruments. Basic financial inslnllnents are initially ￿OgniSed at transaction value and subsequently measured at their settlement value. Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Creditors and provisions are recognis¢d where the company has a present obligation r&sulting from a past ¢v¢nt that will probably resuli in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nornialty recognised at iheir settlement amount. COMPANY LllkufED BY GUAIL4NfEE The charity is a wmpaThy limited by guarantee and has no share capttsl. In the event of the charity being wound up, the liability in respect of the guaTantee is liD]ited to £1 per member of the charity. DONATIONS AM) ￿GACIEs Ullreslricted Restricted Total Funds Totsl Funds Funds FuDds 2024 2023 Donations Donations receiv¢d 303200 500 303.700 432,968 INVESTMENT INCOIVIE Unreslrided Total Funds Unrestricted Funds 2024 Funds Total Funds 2023 Rents and Charges Re¢¢ivable Life tenancy interest Dividends rectivable Interest receivable 333,559 20,0(KI 96,768 6381 333,559 20,000 96,768 6J81 226,406 20,00 96,768 2,498 226,406 20,000 96,768 2,498 456,708 456,708 345,672 345,672 19

ROWANVILLE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTES TO THE FllYANCIAL STATEMENTS FOR THE YEAR ENDED 30 WNE 2024 INVESTMENT ￿l4NAGEmENT COSTS UDf&8Éricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Inveslment Property Management Costs 54J73 54a73 53,748 53,748 EXPENDITURE ON CHARrrABLE ACTfvITIES BY FUND TYPE Unrestrieted Restricted Total Funds Unrestricted Funds Funds Total Funds 2023 2024 Funds Donations Paid Governance Costs 583.172 14.996 500 583,672 14,996 424.611 11,526 424,611 11,526 598.168 500 598,668 436,137 436,137 EXPEiwftURE ON CHARITAB￿ ACTIVITIES BY ACTIVITY TYPE Grant Funding A¢tiviti¢s Support Total Funds Costs 2024 Total Funds 2023 Donations Paid Governanee Costs S83,672 583,672 14,996 424,611 11,526 14,996 583,672 14,996 598,668 436.137 All donations were paid to charitable instithtions whose objects are in line witb the obj¢¢ls of the charity which include the relief of poverty. th¢ 8dvanc¢ment of education and the furtherance of religion. 20

ROWANVILLE LIMITED AND SUBSIDIARY IJNDERTAKtNGS NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 EXPEIYDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE (conlinued) The following material donations were mad¢ during the year ended 30 JuThe 2024: Start Upright Other donations less than £28,000 individually or in aggr¢gate Total 55.000 528 672 583,672 io. ANALYSIS OF SUPPORT COSTS Governance Costs Total 2024 Totsl 2023 Auditors r¢muneration Office administrative expenses 11,400 3,596 11.400 126 14996 11,526 ii. NET MOVEMENf IN FUNDS This is stated after charging Total 2024 Total 2023 Auditor's Remuneration 11,400 11.400 12. TAXATION The company and its subsidiaryj Sylvella Charity Limitsd a￿ registered chariti¢s and the company's trading subsidiary. Lydminst¢r Limited. donates its profits to the company and therefore there is no liability to corporntion tax. 13. TRUSTEE REMUNERATION AI¥D EXPENSES There was no remunerntion paid to the trustees. The charity did not meet any individual expens¢s incurred by the trustees for services provided to the charity 14. TANGIBLE FIXED ASSETS Grou Com Freehold land and buildings (held for charitabl¢ use) 6J95,564 2,629,815 21

ROWANVILLE LIMITED AND SUBSIDJARY T_J1￿V.RT AKINCS OTES TO THE FINANCLiL STATEMFf4TS FOR THE YEAR ENDED 30 JUIYE 2024 15. FIXED ASSET INVESTMENTS Freehold Iovestmenl Properti45 Participating interest Total Grou Costlvaluation At l July 2023 and 30 June 2024 4,661,178 1.000,000 5,661.178 Com 2024 2023 Investtnents at cosLlvaluation Investment in subsidiary at valuation 5,661,178 3,626,913 5,661,178 3,620.985 9288,091 9,282,163 The freehold investment properties are statsd at trust¢¢s' valuation, assisted by RICS qualified prof¢ssionals. at 30 June 2024. The trustees have extensive ¢xperience ID the field of propety investment and valuation a￿UmUlated over a considerable period of time. The valuation is based on the tnAStees' understanding of property mad(et conditions and the specific properties concerne(L using a sales valuation approach. derived from recent comparable transactions on the mark¢L adjusted by applying discounts to reflect status of occupation and condition. The participating inter¢st w&s revalued to market valu¢ by th¢ trustees, at 30 June 2024. The historical cost of the investm¢nt properties at 30 June 2024 is £3,923,495 (2023.. £3.923,495) 2nd £30.000 for the participating int￿¢st. The participating interest represents a holding of 240/0 of the issued orditw and "A" ordinary shar¢ ¢apitsl of Covered Mark¢ts Limited. a propety investment company which is incorpornt in Great Britain. The inveslment in subsidiaries at valuation is based on the underlying value of assets less liabiliti¢s of LydminsteT Ltmited, a property investment wmpany and the underlying value of assets less liabilities of Sylvella Charity Limited, a charity company. Both subsidiaries are incoryK)rated in Great Britain. 22

ROWANVILLE LIMITED AND SUBSIDIARY UNDERTAKINGS IYOTES TO THE FINANCIAL STATEIIqEI NTS FOR THE YEAR ENDED 30 JUNE 2024 15. FIXED ASSET INVESTMENTS (conlinued) The aggregate amount of assets, liabilities and fi￿dS of the subsidiary undertakings are as follows: 2024 2023 Inveslment income and donations Administration and property letting Interest payable to holding company 75267 (16,879) (9,460) 104,518 {44,561) (7,620) Net profiiJ(Ios5) for the year 48,928 52,337 Def¢￿ed taxation {13,000) (16,000) NET PROFrr/(LOSS) £35,928 £36,337 Assets and liabilities Fixed Assets Current Ass¢ts Current Liabilities Non Current Liabilities Net Assets 3.765,749 69,lJ94 (114930) 3,747,325 63,299 (109,639) 80.000 3.620,985 3ffj26,913 Aggregate ¢apital and reserves Trading subsidiary Charity subsidiary 397,225 3229,688 409.874 3.211,111 3.626.913 3,620,985 16. DEBTORS Grou Co all 2024 2023 2024 2023 Amount due from subsidiary Other Debtors 113263 5230 103,803 2,130 7230 16,339 7230 16,339 118,493 105,933 23

ROWANVILLE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTES TO THE FINANCtAL ST ATF.MENTS FOR THE YEAR ENDED 30 JUNE 2024 17. CREDrroRS: AMOUNTS FALLING DUE WITHtN ONE YEAR Grou Com 2024 2024 2023 2023 Other Creditors AC¢n￿lS and defwTed income 393,665 202,600 397.834 222,600 391,998 202,600 391,998 222,600 596265 620,434 594598 614,598 Accruals and deferred incom¢ in¢lud¢s an incoEne deferral of £200.000 (2023: £220,000) in respect of the grant of a life tenancy interest in an investment property. 18. PROVISION FOR LIABILITIES 2024 2023 Balance at l July 2023 80,000 64,000 Charge for th¢ y¢ar 13,0(M) 16.¢)00 Balan¢¢ at 30 June 2024 93,0(N) 80,000 Deferred tsx is r¢co￿l$ed in respect of timing differences arising from the revaluation of assets classified as investments in the non-charitable subsidiary undertakings. Although the provision has been recognised in accordance with FRS 102. it is expectsd that the majority of the gains will be gifted for ¢haritsbl¢ purposes and such tax should not become payable. Deferred tax has not been recognised in r¢S￿¢t of revaluation of investments by th¢ parent charitable company on the basis that all such gains will be applied for charitable purposes. 19, Group Ullreslrictsd Restricted Total Balance at l July 2023 12,190,639 8,349 12,198,988 Net surplus for the year 94.377 (10) 94.367 Transfer b¢twe¢n funds Balance as at 30 June 2024 12,285,016 8,339 12.293,355 24

ROWANVILLE LIMITFD AND SUBSIDIARY UNDERTAKINGS NOTES TO THK FINANCIAL STA TEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FUNDS OF THE CHARITY (Continu¢d) Company un￿tricted Restricted Totsl Balance at l July 2023 12.190,639 8.349 12.198,988 Net income for th¢ y¢ar 88.449 (io) 88.439 Gain on investments 5,928 5.928 Balance as at 30 June 2024 12,285.016 8,339 12,293,355 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS Iyet Current Assets Fixed Assets Group Provisions Totsl UrLr¢stricted Incorne Funds 12,056,742 329.613 (93,000) 12,293,355 Net Current Assets Fixed Assets Company Provisions Total Unrestricted Income Funds 11,917,906 375.449 12,293.355 21. NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS 2024 2023 Net iDeome for the year Adjustment for: (Oain)IiA)5s on Investm¢nts Interest receivable Net rents receivable Dividends receivable Donations in kind (Incr¢aseyDecrease in debtors Increasel(Decrease) in provisions for liabilities 94J67 291,205 (18,450) (22,498) (172,658) {96.768) (42.310) 115,406 16,000 (26J81) (279,186) (96,768) (18,424) (8.176) 13,000 Net cash used in operating aetivities (321.568) 69.927 25

ROWANVILLE LIMITED AND SUBSIDIARY UNDERTAiaNGS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 21. NOTES TO THE COIYSOLIDATED STATEMENT OF CASH FLOWS (CoR¢inue¢fJ 2024 2023 Cash flows from illvestin aethiities Interest received Rents received Dividellds receivabl¢ Proceeds from sale of investments Purchase of investments 6J81 296A71 96,768 2,498 167,243 96,768 195,450 {io,000) (10,000) Net cash used in investing activities 389,620 451.959 C#$b flows from investin activities Cash inflows from new borrowing Net decrease in ¢ash and cash equiv4lents {4,169) 63.883 {300,000) 221,886 Cash and cash equivalent5 at beginning of year 854,765 632,879 Cash and cash equivalents at end of year 918,648 854,765 22. ANALYSIS OF CHANGES IN IYET DEBT At At l Jul 2023 Cash flows 30 Jun 2024 Cash at bank and in hand 854,765 63,883 918,648 23. RELATED PARTY IRANSACTIOIYS (i) During the year the group received dividends of £96.768 (2023: £96,768) from Covered Markets Litnited, a company in which Mr and Pearlman have a material interest. (li) During theyear the charity received interest of £9,460 (2023: £7.620) on the loan due from its subsidi8ry, Lydminster Limited. This loan is secured on the assets of Lydminster Limited and repayable on dem8nd. During the year the charity r¢ceived donations of £230.000 (2023- £165,350) from charitsble trusts and companies, a trnSteeJdirector of which is also a trustse of Rowanvill¢ Limited. 26

ROWATr4VILLE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTF.S TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 30 JUNE 2024 INCOMING RESOiIRCES Donations Investment Incom¢ Life tenancy interest Dividends Int¢r¢st receivable from subsidiary Other interest receivflble 315,276 276.869 20.000 96.768 9,460 6.228 TOTAL INCOMING RESOURCES 724,601 RESOURCES EXPENDED Investment management charges Expenditur¢ on Charitable Activities Governance costs 41,790 583,672 10,700 TOTAL EXPElYD￿uRE 636,162 Net gains on inv¢stment assets 5,928 Net Income and Iyet Movement In Funds 94,367 Total Funds Brought Forwydrd 12.198,988 Total Funds Carried FoThard 12,293.355 None of th¢ charity's activities was initiated or discontinued during the fu￿nCIal year nor in the previous The charity has no other recognised gains or losses other than those reflected in the above Statement of Financial Activities for the financial year or for th¢ previous y¢ar. 27