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