ROWANVILLE LIMITED
LtMITED BY GUARANfEE
Company No.. 1152779
Charity No.: 267278
FINANCIAL STATEMENTS
for the yeydr ended
30 June 2025
COHEN ARNOLD
CHARTERED ACCOUNTANTS
REGISTERED AUDITORS
LONDON NWI I OPU

ROWANVILLE LIMTfED
AP4D SUBSIDIARY UNDF.RTAKINGS
FOR THE YEAR ENDED 30 JUNE 2025
INDEX TO THE FINANCIAL STATEMENrs
Page
Reference and Athninistrativ¢ Inforniation
Tn￿te¢s. Report
Auditors, R¢port
io
Consolidated Stst¢ment of FinanciaI Activities
11- 12
Consolidated Statement of Financial Position
13
Company Statement of Financial Position
14
Cashflow Statement
15-26
Notes to the Financial Statements

ROWANVILLE LIMITED
L[m￿ED B Y GUARANTEE
REFERENCE AND AD￿￿NISTRATIvE DETAILS
FOR THE YEAR ENDED 30 JUNE 2025
Name:
Rowanville Limited
Status:
Incorporated: 20 December 1973
Company Number.. 1152779
Registered Charity Number: 267278
Principal Offiee:
64 Ballards Lane
London N3 2BU
Registered Addr￿.
64 Ballards LAne
London N3 2BU
Charlty Trustees:
Mr A C Becker
Mr J Pearlman
Mrs R Pearlman
Nfr S Goldberg (Appointed 8 December 2025)
Secretary:
Nfrs R PeaTlm8n
Auditors:
Cohen Arnold
New Burlington House
1075 Finchley Road
London NWI I QPU

ROWANVtLLE LIMTTED
IIIIITEI X) B Y GUARAF*TEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2025
The trustees, 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 ¢nding 30 June 2025.
The Financial Stat¢m¢nts comply with the Charities Act 2011. tELe Companies Act 2006, the Memorandum
and Articles of Asso¢iation, and Accounting and Reporting by Charities.. Ststement of R￿Ornmended
Practice applicable to charities preparing their acoounts in accordance with the Financial Reporting
Stsndard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2015).
REFERENCE AND ADMllYISTRATIVE INFOR￿£￿TIoN
Reference and Administrative Information of the company ts shown on page l of the financial statements
and forms part of this report.
ORGANISATION STRUCTURE, GOVERNANCE AND MANAGEMENT
The ¢harity is constituted as a company limited by guarantee and a registered charity governed by its
Memorandum and Articles of Association.
The truste¢s who s¢rved during the year w¢re Mr A Becker, Mr J Pearlman and Mrs R Pearlman.
The daY-t￿daY affairs of the company are administered by the trustees.
It is not currently the intention of the ttwstees of the charity to appoint new trustees. Should the situation
change An the ￿ture, Ihe trustees will apply suitsble recruitmetLt training and induction procedures.
GroHp Siructure andRelationships
The charity has two wholly owned subsidiaries. Lydminster Limited, a property investment company
which gifis its profits to the charity. and Sylvella Charity Limitsd. a charity company with objects sitnilar
to Rowanville Limited.
Risk Managemenl
The Trustees have assessed the rnajor risks to which th¢ charity is expose￿ in particular those related to
the operntions and finance of the charity, and are satisfied that systems are in place to mitigats its exposu
to those risks.
OBJECTIVES AND ACTIVITIES
The object of the ch￿lty is to advance religion in accordance with the orthodox Jewish faith.
To achieve its objective the charity makes grants to charitable institutjon8 wlth similar objectiv¢s and its
charitable subsidiary provtdes accommodation free of charge for use by a Jewish faith school and also
provides assistance to the budgetary requirements of that school.
The tn]stees confirni that they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the charity's aim and objectives and in planning future
activities.

ROWANVTLLE LllM￿[D
LIMITED B Y GUARANTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2025
ACHtEVEMENfs AND PERFORMANCE
During the year the charity has Continued its philanthropic activities and h&% maintained its support of
religious, educational and other charitabl¢ institutions. The aggr¢gat¢ of donations and grants made were
£1,350,413 (2024= £583.672).
FINANCIAL REVIEW
FinaneialPosilion
The financial results of the company and its subsidiary undertakings forthe year ended 30 June 2025 are ￿llY
reflected in the attached financial statements together with the notes thereon.
Rueryes Policy
It is the policy of the Charity to maintain unre5trÈcted funds which are the free reseThes of the charity, at a
level which provides sufficient resources tr) cover management and administration and direct charitable
exp¢nditure.
As at 30 June 2025, the charity had £11,215,253 of w]restri¢ted funds.
Investmentpoliey and objecliyes
Und¢r the Memorandum and Articles of Association, the Charity has the power to make any investment
which the trustees see fit provided su¢h funds are not immediately required for use in connection with any
of its objects.
The charity's investment w)licy is to maximise the income and gains so that its charitable objecliv¢s be
maintained and ¢xpanded.
The trustees, having regard to the liquidity requirements of the charity and to the reseryes policy have
operated a policy of keeping available funds in an interest-bearing deposit Lccount.
PLANS FOR FUTURE PERIODS
The charity plans to continue the activities outlined above in the forthcomin8 yeats subject to sufficient
income.
FIXED ASSETS
The movements in Fixed Assets are fvlly r¢fl¢cted in Note 15 tr) the Financial Statements.
INVESTMENTS
The company's inv¢slment in the Subsidiary undertakings are included in the financial statements at
valuation. based on the market value of its underlying assets less liabilities. Th¢ valuation of properties and
other assets in the subsidiaries has been made by the trustees of this company.

ROIIIANifiLLE LIMITED
ttTED BY GUAKINTEE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2025
TRUSTEES, RESPONSIBILITIES STATEMENT
The trus*es (who are also the directors for the pu￿oSe$ of Company Law) are responsible for preparing
the tn]stees' annual report and fmancial statements in accordance with applicable law andunited Kingdom
Accounting Standards (United Kingdom Genernlly Accepted Ac￿Unting Practice).
Company law requires the trnstees to prepare financial statements foreach flllancial year which give atrue
and fair view of the state of affairs of the charitable company and the group Imd of the incoming resources
and application of resources, including the income and expenditu￿ of the CE￿ilable group for thAt perlod.
In prepaTing these financial statements, the trustees are required to."
sel¢ct suitable accounting policies and then apply them consislelltly.
observe the methods and prineAple8 in the Charities SOIIP.
make judgements and accounting estimates that are reasonable and prudent" and
prepare the fitwicial statements on the going concern basis unless it is inappropriate to presume that
the charity will continu¢ in operation.
The trustees arerespollsible foTkeeping adequate accountingrecords that are sufficient to show and explain
the charity's and the group's transactions and disclose with reasonable accuracy at any time the financial
position of the chatity and the group and enable them to ensure that the Financial Statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
AUDrroR
Cohetl Arnold are deemed to be re-appointed under Section 487(2) of the Companies Act 2006.
Each of the persons who is a trustee at the date of approval of this report confirnis that:
so far as each trustee is aware, there is no relevant audit infonnatiow being inforniation needed by
the auditor in connection with preparing their repoQ of whtch the group's auditor is unawar4 and
each tntstee, has taken all st¢p$ that they ought to have taken as a trustee to make themselves &war¢
of any relevant audit inforn]ation and to estsblisb that the group's auditor is aware of that
Inforn￿tioll.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies enutled to the
s￿￿] companies exemption.
By Order of the Trustees
Mr A C Becker
19 March 21126

ROWAIYVILLE LIMITED
IMITED BY GUARANTEE
INDEPENDENT AUDITORS, REPORT TO THE
MEMBERS AND TRUSTEES
YEAR Ef4DED 30 JUNE 2025
Opinion
We have audited the financial statements of Rowanville Limited (the 'charity' and its subsidiaries (The
Group)) for the year ended 30 June 2025 which comprise the Consolidated Statement of Financial
Activities, the Consolidated and Parent Company Statement of Financial Position, the consolidated Cash
Flow Statemenls and the related notes, including a summary of significant accounting policies. The
financial reporting framework ihat has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, 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 fmancial statements:
give a true and fair view of the state of the group's 8nd cEwity's affairs as at 30 June 2025
and of the group's incoming resources and application of resources. including its income and
expenditure, for the year then ended.
have been properly prepared in accordanc¢ 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
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS
(UK)) and applicable law. Our responsibilities under those stondards are further described in the
auditor's responsibilities for the audit of the f￿anCIal ststements section of our report. We are
independent of the group in accordanc¢ with the ethical requirements that are relevant to OUT audit
of the financial statements 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 trnstees, use of the going concern
basis of accounting in the pieparation of the financial statements is appropriate.
Based on the work we have perfomed, we have not identified any material uncertainties relating
to events or conditions that. individually or collectively, may cast significant doubt on the charity's
or group'5 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 responsibilities and the responsibilities of the trustees with respect to going concern are
described in tbe relevant sections of this report.

ROWANVILLE LIMITED
LIMI.TED BY GUAiL4NTEE
INDEPENDENT AtJDITORS' REPORT TO THE
MEMBERS AND GOITERNORS
TRUSTEES
YEAR ENDED 30 JUNE 2025
Other inforniation
The other infomiation comprises the infonnation included in the annual report, other than the
fmanciaI Statements and our auditor's report thereon. The trustees are responsible for the other
inforn]ation. Our opinion on the financial statements does not cover the other inforniation and,
except to the extent otherwise explL¢Ltly stated in our report, we do not express any forni of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
inforn]ation 8nd, in doing so. consider whether the other infonnation is materially inconsistent
with the financial statements or our knowledge obtained in the audit OT otherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material
misstatements we are required to deterniine whether there is a material misstatement in the
financial statements or a material misstatement of the other infonnation. If, based on the WOTk we
have perf0rnie￿ we conclude that there is a material misstatement of this other infomlation, we
are requir¢d to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the Work undertaken in the Course olthe audit:
the inforniation given in the trustees, report for the financial year for which the f￿￿cial
statelnents are Prepared is consistent with the financial statetnents. and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the charity and theiT environment
obtained in the Course of the audit, we have not identified material misstatements in the tTr￿teeS,
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:
adequafr accounting records have not been kept by the charity, or returns adequate for our
audit have not been received from branches not visited by us" or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received ail the information and explanations we require for our audit. or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regirne and take advanlage of the small companies, exemptions in preparing the
trustees, report and from the requirement to prepare a strategic report.

ROWANVILLE LIMrrED
LIMtTED BY GUARANTEE
INDEPENDENT AUDITORS, REPORT TO THE
MEMBERS AND GOVERNOR.S
TRUSTEII S
YEAR EIYDED 30 JUNE 2025
RespoD5ibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control
&8 the trustees detern]ine is necessary to enable the prepaTation of financial statements that are free
from n￿terial misstatement, whether due to fraud or error.
In preparing the fiTLancial statements, the In￿teeS are responsible for assessing the Charity's and
group's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend Èo
liquidat¢ the charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilitie$ for the audit of the financial statements
Our objectives are to obtain reasonable assuran¢¢ about whether the fu￿nCIal statements as a
whole are fre¢ fron] material misstatemen¢ whether due to fraud or error, and to issue an auditor's
report that includes our opinion. Reasonable assuranc¢ is a high level of assurance, 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 are considered
material if, individually or in the aggregate, they could reasonably be expected to influence the
¢conomic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are Instances of non-compliance wilh laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our procedures are
capable of detecting irregularities, including fraud is detailed below:
We obtsined an understanding of the legal and regulatory frameworks that are applicable to
the charity through discussion with the trnstees and identified which were most significant
with respect to the financial stafrm¢nts. We identified fllwicial reporting legislation
(including related companies legislation), and anti-bribery legislation as being most
significant to these fmancial statements. We communicated 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
leg￿ and regulatory frameworks.
We assessed the susceptibility of the group's financial statements to material misstatement
due to non-compliance with legal and Tegulatory frameworks, including how fraud might
occur, by enquiry with the trustees during the planning and fmalisation phases of our audit.
The susceptibility to such material misstatement was detem)ined to be low.

ROWANVILLE LIMITED
LIMITED BY GUARANTEE
JI4DEPEIYDENT AUDITORS, REPORT TO THE
MEMBERS AND GOVERP40RS
RUSTEES
YEAR F,NDED 30 JUNE 2025
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
clwity's intemal ¢ontrols policies and procedures, correspondence with regulatory bodies
including Ch￿lty Commission and HMRC, testing trallsactions outside the nornial course
of the business and journal entrie& and discussions with the trustees.
Owing to th¢ inherent limAtations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the finallcial slatements, even though we have properly
planned and performed our audit in accordance with auditing slandards. For example, the further
removed non-compliance with laws and regulations (irregularities) is from the events and
transactions reflected in the financial statements, the less likely the inherently limited procedures
required by auditing standards would identify it. In addition, as with any audit, there remained a
hlgher Tisk of non-detection of irregularities. as these may involve collusion, forgery, intentional
ornissions, misrepresentations, or the override of inteTnal controls. We are not responsible for
preventing non-compliance and cannot be expected to det¢¢t 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 and assess the risks of material misstatement of the fu￿1claI statements, whether
due to fraud or em)r, design and perforn audit procedures responsive to those risks, and
obtain audit evidence that is sufficient and appropriate to provide a basis for OUT opinion. The
risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involv¢ collusion, forgery, intentional omissions.
misrepresentation4 or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the cIrcun￿tances, but not for the purpose of expressillg an
opinion on the effectiven¢ss of the internal control.
Evaluate the appropriat¢ness of accounting policies used and th¢ reasonableness of
accounting estimates and related disclosures made by the trustees.
Conclude on the appropriat¢ness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charity'5 or group's ability to
continue as a going concen). If we conclude that a mat¢rial uncertainty exists, we are required
to drdw attention in our auditor's report to the relat¢d 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 OUT 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 ihe financial Statements. including
the disclosures, and whether the financial statements represent the underlying transactions
and events in a manner that achieves fair presentation.

ROWANVILLE LIMJTED
LIMITED BY GUARANTEE
INDEPF.NDFNT AUDITORS, REPORT TO THE
MEMBERS AND GOVERNORS
RUSTEES
AR Ef4DED 30 Jt]NE 2025
Obtain suffjcient appropriate audit ¢vidence regarding the financial inforniation of the entities or
business activities within the group to express an opinion on the consolidated financial
statements. We are responsible for the direction. supervision and performance of the group audit.
We remain solely responsible for our audit oplnion.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
d¢ficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely lo the charity's member, as a body. 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 auditor's report and for no
other purpose. To the fullest extent pennitted by law. we do not accept or assume Tesponsibility
to anyon¢ other than the ¢haTity and the charity's memkr as a body, for our audit worK for this
report, or for the opinions we have fonned.
JOSHUA NEUMANN FCA
(Senior Statutory Auditor)
For and on behalf of
COHEN ARNOLD
Chartered Accountants
& Statutory Auditor
New Burlington House
1075 Finchley Road
LONDON
NWI I OPU
19 M￿Ch 2026
Cohen Arnold is eligible lo a¢1 Lu an Audilor in terpns ofsection 1212 of the Companies Act 2006

ROWANVILLE LIMITED
AND SUBSIDLIRY l￿DERTAKING
CONSOLIDATED STATF.MF,NT OF FtNANCIAL AcfThTrtES
INCORPORATING THE INCOME & EXPENDITURE Accourir
FOR THE YEAR ENDED 30 JUNE 2025
Unrestricted
Fund
Restricted
Fund
2025
Totsl
2024
Total
Note8
INCOME AND ENDOWMENrs
Donations and t£gacies
tnvestment Jnwme
425,981
265,804
425,981
265,804
303,700
456,708
TOTAL INCOME
691,785
691,785
760.408
EXPENDITURE
EX￿nditUre on Raising Futth:
Investment Management Costs
Ex￿ndItUre on Ch8ritAble Activities
(87521)
(1?53￿96)
{Y7J21)
(54,373)
(8J39) (1?61935) (598.668)
TOTAL EXPENDITURE
(lJ4J,117)
(8J39) (1,449,456) (653.041)
Deferred taxation
N¢t (loss)Igains on disposal of investment assets
(l3,000)
(320,431)
(320,431)
NET INCOMEI(EXPENDITURE)
(1069,763)
(8J39) (1.078,102)
94J67
NET INCOME AND
NET MOVEMEN[ OF FUNDS
(lo69,7￿)
(8J39) (1.078,102)
94J67
RECONCtLIAIION OF FUM)S
Total Funds Brought Forward
122851116
8039 12293J55 12,19&988
TOTAL FUIYDS CARRIED
FORWARD
19
11215253
IlJ15253 12,293J55
The Statsment of financial activiti¢s in¢ludes all gains and losses in the year.
All of the above amounts r¢late to continuing activities.
The notes on pages 15 to 26 forni part of these Financial Ststements.
io

ROWANVILLE L)TrITfED
LIMITED BY GUARANI'EI E
CONSOLIDATED STATEMETr￿ OF FINANCIAL posrrioN
AS AT 30 JUNE 2025
Conwany No." lJ5277S)
Unrestrie¢ed
FllDd
Restricted
Fulld
2025
Total
2024
Totsl
Note8
FIXED ASSETS
Tangible Assets
Invesknents
14
15
6,236.564
3,916,178
6236,564 6,395,564
3.916,178
5,661,178
10,152,742
10,152,742 12,056,742
ctlliRENT ASSETS
Debtors
Cash at Bank and in hand
16
427,191
944￿5
427.191
944W5
7230
918,648
lJ71,776
lJ71,776
925,878
LIABILITIES
Creditors falling due within on¢
17
(216265)
(216.265) (596,265)
NET CURRENT ASSETS
1,155AII
1,155AII
329,613
TOTAL ASSETS IESS
IIJO&253
IIJ08253 12,386J55
PROVISIONS
LIABILITIES
& CIL4RGES
FOR
18
(93,(MN))
(93,(M)O)
(93.000)
ET ASSETS
11215253
11315253 12,293,355
Unre5trictsJ Funds
Restricted Fullds
Non4haritable trading fund
19
19
19
IOW28W9
10028,589 11.887,791
8,339
397.225
386,664
386,664
TOTAL CIIAIUTY F[￿Ds
11315253
11215253 12,293,355
The immediatsly following page fornis an int¢grnl part ofthis Consolidated Balance SheeL

ROWANVILLE LIM￿ED
qITED BI, GuAR￿￿TEE
CONSOLIDATED STATEIIIINT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
Company No.. 1152779
The TTUStees have prepaTed ￿0Up accounts in accordance with section 398 of the Companies Aet 2006 and
s¢ction 138 of the Charities Act 2011. Thcsc Accowits ar¢ preparnl in accordance with the special provisions
of Part 15 of the Coms)anies Acl re￿tIng to small companies and constithtc the annual accounts r¢quir¢d by
the Companies Act 2006 and are for circulation to member5 of the Company.
The FinanciaI Ststements were approvedby the Trustees on 19 March 2026 and signed on its beI￿lf by:
Mr A C Becker
Trustee
The notes on pages 15 to 26 fomi part of these Fitmllcial Ststements.
12

ROWANVILLE LIMITED
LIMITED BI, GUARAWTEE
STATEMEf4T OF I., INANCIAL POSJTION
AS AT 30 JUNE 2025
Company No.. 1152779
Unrestrieted
Fund
Restrieted
Fund
2025
Total
2024
Total
Notss
FIXED ASSETS
Tangtble Assets
Jnvestmellts
14
15
2,470,815
7,532.530
2,470,815
7.532,53(J
2.629,81
9,288.OS
10,003,345
10,003J45 11,917.9C
CURRENT ASSETS
Debtors
Cash at Bank and in hand
16
552,993
873,513
552.993
873.513
118.4S
1,426,506
1,42fi5116
970,04
CREDITORS: Amounts falling
due within one year
17
(214,598)
(214598) (594.59,,
NET CURRENT ASSETS
1,211908
1211,91)8
375,44
NET ASSETS
11,215,253
11215,253 12,293,3
UNRESTRICTED FUNDS
Unrestricted Funds
Restricted Funds
19
19
11315253
IlJl&253 12285,01
8.31
11315,253
11215,253 12,293J'
The Financial Statements weff appmved by the Tru8tees on 16 March 2026 and signed on its b¢half by
Mr A C Becker
Tntstee
The notes on pages 15 to 26 forni part of these Financial Statements.
13

R0wANV￿L￿ LIMITED
IMTtED BY GUARAprfEE
CASH FLOW STATEMENT
AS AT 30 JUNE 2025
CowyNo.' 1152779
2025
2024
Notes
C4sh flows from operating Activities:
Net cash used in operating activities
21
(935,954)
(321,568)
Cash flows from investing aetiviiles:
Net cash provided by investing activities
961,891
389,620
Cash flows from fillaD¢illg activities:
Net cash used in financing activities
(4,169)
Change In cash and cash equivalents in the year
25,937
63.883
Cash and cash equivalents at the b¢ginning of the year
918.648
854,765
Cash and eash equivalents at the end of the yeY4r
21
944.585
918,648
The notes on pages 15 to 26 forni part of these Financial Statements.
14

ROWANVILLE LIMTTF,D
AND SUB.SIDIARY IINDERTAKINGS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
GENERAL INFORMATION
Rowanville Limited is a privats company limited by guarantee. registered in England and Wales
and a registered charity in EnglaThd and Wales. The address of the tEgistered 0￿1¢% is 64 Ballards
Lane, London N3 2BU.
STATEMENT OF COMPLIAIYCE
These financial statements have been prepared in compliance with FRS 102, 'Th¢ Financial
Reporting Stsndard applicable in the UK and ihe Republic of Ireland,, the Statement of
Recomm¢nded Prnctice 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 financikl st&tements have been prepared on the historical cost basis. as modified by th¢
revaluation of certain financial assets and liabilities and investment propxrties measured at fair
value through income or expenditure.
The financial ststements are prepared in Sterling which is the functional Currency of the Charity.
The Charity meets the definition of a public benefrt entity under FRS 102.
32
GOING CONCERN
At the tinie of approving the fmancial $taternen￿ the trustees have ts reasonable ¢xpectstion that
the charity has adequat¢ resources to continue in operational existence for the foreseeable future.
Thus. the trustees conlinue to adopt th¢ goin8 concern basis of accounting in preparingthe fmancial
statements.
3J
JUDGEMENTS AND KEY SOURCES OF ESTIMATION AND ifNCERTAINTY
In the application of the company's accounting policies. the trustees are required to make
judgements, estimates and assumptions about the earrying amounts of assets and liabilities that are
not readily apparent from other sources. Th¢ estimates and associated assumptions are based on
historical experience and other factors that are considered to be relevant. Actual results may differ
from these estitnates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are r￿QgnISed in the p¢riod in which the estimate is revised if the revision
affrcts only that period, or in the period of the revision and p¢riods if the revision aff￿t$
both ¢utTent and future period5.
Judgements made by the directors, in th¢ application of these accounting policies that have
significant effect on the fmancial statements and estimates with a significant risk of material
adjustment in the next year are discussed below.
15

ROWANVILLE LIMtTED
ND SItRSIDIAR Y I_INT)F,R TAKINGS
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 30 JUNE 2025
ACCOUNTING POLICIES (ConÉinued)
. Property valuations
The group's property portfolio is valued by the tmstees. The valuation of the group's properties
is inherently subjective. dcpending on many factors, including the individual nature of ea¢h
property, its location and expected future net rental value4 market yields and comparable market
transactions. Therefore the valuations are subject to a degree of unc¢rtainty and are tnade on th¢
basis of assumptions which may not prove to be accurate, particularly in periods of diiTicult market
or economic conditions.
li. Trade debtors
Management uses delails of the age of ttxde debt0￿ and the status of any dispufrs together with
¢xternal evidence of the credit status of the count¢rpaty in making judgements coneerning any
need to impair the carrying values.
GROUP FIF4ANCtAL STATEMENTS
The fitydnciai ststements consolidate the results of the Charity and its wholly-owned Subsidiaries.
Sylvella Charity Limited and Lydminster Limited, whos¢ financial statements are m&de up to the
same accounting date, on a line-by-line basis. The 24% participating interest in Covered Markets
Limlted, set out in note 15, is not consolidated as it is held solely as an investment aThd the charity
does not s¢ek to influence the operaling and financial policy of the company.
A sepoTrt¢ Statement of Financial Activities, and income and expenditure account dealing with the
results of the charity only, has not been pr¢s¢nt¢d because the charity has laken advantage of the
exemption afforded by Section 408 of the Companies Act 2006.
Of the net movement in funds of the group, a deficit of £1.078,102 {2024.. £94,367 surplus) has
been dealt with in the Statement of Financial Activities of the charity itself.
INCOMtNG RESOURCES
Recognition of Illcoming Resourc
In¢ome is derived on a re¢eivable basis from propKty sales and rentsl, donations, divide￿d$ from
shares held in a priva1¢ company and interest on short-l¢nn deposits. Income from the grdnt of a life
tenancy interest tn an invesbnent property is included on a r￿e1Vable basis, based on the lrfe
ex]xctancy of the grantee. Legacy income is only includ¢d where either the legacy has been received
OT where the timing of the r￿elpt and the amount is known with certainty. Th¢ valu¢ of donated
seryiw is only included where the benefit to the charty is reasonabty quantifiable and measurable.
These resources are included in the StatemeTht of Finan¢ial Activities (SOFA) ithen all of the
following criteria are met:
the charity or its subsidiaries have entitlementto the ￿nds.
the receipt of the income is considered probabl¢. and
the monetary value can be measured with suffi¢i¢nt reliability.
lllcoming Resourees Ivith Related Expenditure
Where incoming resources have related expenditu￿ (as with fundraising Conttact or investment
in¢ome) the incoming resources and related expendi￿re are r¢ported gross in the SOFA.
16

ROWANVILLE LIMITED
AND SUBSilDIARY UNDERTAKINGS
NOTES TO THE FINANCLA_I. 8TATFMEwrs
FOR THE YEAR ENDED 30 JUNE 2025
ACCOUY4TING POLICIES (Continued)
Resourees expended
All expenditure is ac¢ounted frir on an accruals basis and allO￿ted directly to the appropriate activty
cost. Grants to institutions represent payments to other charities in fvrth¢rance of the charity's
obiecttves.
Investment Income
This is included in the Accounts when receivable.
3.6 C114RITABLE ACTIVTfiES
Grants payabl¢ ore only recogllised in the accounts when paid.
tNVESTMENT MANAGETrfENT COSTS
Investnlent manag¢ment costs include costs relating to the investment properties on an accnjal
GOVERNANCE COSTS
Governance costs include wsts ofthe preparation and audit of financial statements and cost of any
legal advice to trustees on governance or constttutional matters.
FUND ACCOUNTING
General unrestricted funds ¢omprise the accumulated surplus or deficit on income and expendithr¢
account. They are available for use at the discretion of the trustees in tsrtheran¢¢ of the general
objectives of the charity.
Restricted funds are ￿ndS subject to spe¢ifi¢ restricted conditions imposed by donors. The charity
maintains a restricted income fi￿d, the MGS Building Fund, to provide resources for the major
refurbishment of the Menorah Grammar School.
Designated funds are funds, which have been set aside at the discretion of the trustees for specific
purposes. There are no designated funds as at the Balanc¢ Sheet date.
3.10 TANGJBLE FIXED ASSETS
Freehold land and buildings held for charitsble use are stated at cosL No depr¢¢iation is provided
as the assets are kept irk good repair and have a very long useful life and th¢ ¢stimated residual
values not materialty different from the canying values. An impaitinent r¢view was Ca￿lleA1
out which shows that the recoverable amounts are in excess of the carying value.
INVESTMENT JN SUBSIDIARY UNDERTAKll¥lGS
Shareholdings acquired are initially recorded at cost and subsequently included at trustees. best
estimate of fair valu¢ based on the net asset valu¢. Th¢ net assets of t&e subsidiary undertakin8S
reflect fair values of its underlying properties held for investment. any s￿￿luS or d¢fi¢it on
revaluation is r¢cognised in the SOFA and taken to Other Unrestiictsd Funds.
17

RONVANVILLE I_.IMITED
AND SUBSIDIARY UNDERTAKINGS
NOTES TO THE FtNANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
ACCOUNTtNG POLICIES (Continued)
3.11 IMPAIRMENf OF FIXED ASSETS
A review for indicators of impainnent is carried out at each reporting date, with the recoverable
amouni being estimated wh¢re such indicators exist. Where the carrying amount exceeds the
recoverable amount. the &8set is impaired accordingly. Prior impaiTments are also reviewed for
POS5ibl¢ r¢v¢rsal at each reporting date.
3.12 INVESTMENT PROPERTIES
Investment properties are recognised initially at cost.
Subsequent to initial r¢co8nition -
Investment properties are held at fair value. Any gains or losses arisirtg from change5 in the fair
value are Tecognised In the income and expenditure account in the period that they arise; and
ii. No depreciation is provided in respect of investment properties applying th¢ fair value model.
The fair value of residential units is based on the tNstees' understanding of property market
onditions and the specific properties concerned using a sales valuation approach, derived from
recent comparable transactions on the market, adjusted by applying discounts to reflect status of
occupation and condition.
The fair value of commthrial properties is determined using the income capitalisation metho
requirlng the &pplication of an appropriate M￿et based yield to net operating incom¢.
3.13 AcouisrrIoNS AND DISPOSALS OF PROPERTIES
Acquisitions and disposals are Considered to have taken place at the date of legal compl¢tion and
are included in the fu)anciai statements a¢cordingly.
3.14 TAXATION
The charity is exempt from tax on income and gains falling within section 51J5 of the Taxes Act
1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent thal these are
applied to its charitabl¢ objects.
Notwithstanding the above, deferred tax is recogDiSed in respecl of all timing differences Pre￿nt
in the non-charitable subsidiary undertaking whi¢h arise from the inclusion of income and
expenses in tsx assessm¢nt5 in periods different from those in which they are recognised in the
financial statem¢nts.
Deferred tax is not recognised on pernianent differ¢nces arising because certain types of inwm¢
or expense are non-tsxabl¢ or ar¢ disallowable for lax or because certain tax ¢harg¢s or allowances
are greater or smaller than Ihe corresponding income or expense.
Deferyed tax is measured at th¢ rate that 15 ¢xp¢cled to apply to the reversal of the related
difference, using tax rntes enacted or substantively enacted at the balance sheet date. For
investment property that is measured at fair value, deferred tsx is provided at the rate and
allowances applicable to th¢ sale of the property.
18

ROWANVILLE LIMITED
AND SUBSIDIARY TINDTr;RT AkUNGS
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 30 JUNE 2025
ACCOUNTING POLICIES (Continue
3.15 FJNANCIAL INSTRtiMEPITS
Financial instruments are classified and accounted for, according lo the substsnce ofthe contractual
arrdngement, as either fInancial assets, financial liabilities or equity instruments. An quity
instrument is Any contract that evidences a residual interest in the ass¢ts of the Company after
dedu¢ting all of its liabilities.
Th¢ charity has financial assets and finarLcial liabilities of a kind that qualify &s basic fitthncial
instruments. Basic financial instrnments are initially recognised at transaction value and
subsequently measured at their settlement value.
Trade and other debtors are recognIs￿ at the settlement amount due. Prepayments aTe valued at
the amount prepaid. Creditors and provisions are recognised where the company has a present
obligation resulting from a pt4St ev¢nt that will probably result in the transfer of funds to a third
party and the amount due to settle the obligation carL be tneasured or esÈimated reliably. Creditors
and provisions ar¢ nornially recognised at their settlement amount.
COMPANY LIMITED BY GUARANTEE
The charity is a company limited by guarant¢¢ and has no share capit81. In the event of the charity
being wound up, the li8¢bility in respect of th¢ guarantee is limited to £1 per member ofth¢ charity.
DOF4ATIONS AND LEGACIES
Unrestricted Restricted Totsl Funds Total Funds
Fullds
Funds
2025
2024
Donations
Donations re￿1V¢d
42S981
425,981
303,700
ESTMENT INCOME
Unrestrieted Tot￿ Funds
Funds
2025
Unrestricted
Funds
Totsl Funds
2024
Rents and Charges Receivmble
Life tenancy intsrest
Dividends receivable
Intsrest receivable
141,427
20,000
96,768
7,609
141,427
20,000
96,768
7,609
333,559
20,000
96,768
6,381
333,559
20.(K>O
96.768
6.381
265004
265,804
456.708
456,708
19

ROWANVILLE LIMITED
AND SUBSIDIARY UNDLRTAKINGS
NOTES TO THE FtNANCIAL STATEf*fEt+rrs
FOR THE YEAR ENDED 30 JUNE 2025
]NVESTMENT MANAGEMENT COSTS
Unr¢stricte41 Total Fullds Unr¢stricted
Funds
Total Funds
2024
2025
Funds
Investm¢nt Property
Management Costs
87,521
87,521
54,373
54,373
EXPENDITURE ON CHAIUTABLE ACTIVITtES BY FUND TTrTE
Unrestricted Restricted Totsl Funds Tot￿ Fun339
Funds
Fullds
2025
2024
Donations Paid
Governan¢¢ Costs
lJ42,074
I1￿22
8J39
I J50,413
I1￿12
583,672
14,996
la53￿96
8J39
lJ61,935
598.668
EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTivrfY TYPE
Grant
Funding
Activi¢i¢s
Support Total Funds
Costs
2025
Total Funds
2024
Donations Paid
Governance Costs
IJ50,413
I J50,413
11,522
583,672
14,996
11,522
IJ50,413
11,522
lJ61,935
598,668
All donations were paid to charitable instithtion5 whose objects ar¢ in line with the objects of the
charity which include the relief of pov¢rty. the advancement of education and the furthernn¢¢ of
religion.
20

ROMIANVtLLE LIMITED
AND SUBSIDIARY UNDERI'AKINGS
NOTES TO THE FtNAf4CIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
EXPENDITURE ON CHAR￿ABLE ACTIVITIES BY ACTIVITY TYPE (continued)
The following material donations were made durillg the year ended 30 Jun¢ 2025:
Achisomoch Aid CollLpany Limited
Mifal Tzedoko V'¢hesed Limited
Friends of Bels Chinuch LeBonos TTUSt
Other donAtions less than £60.000 indtvidually or in aggregate
Totsl
215,207
76,500
60,000
998 706
I J50,413
io.
ANALYSIS OF SUPPORT COSTS
Governance Costs
Total 2025
Total 2024
Auditors remuneration
Office administrative expenses
11,400
122
I l.400
3,596
11522
14,996
ii.
NET MOVEMENT IN FUNDS
This is stated after charging
Total 2025
Total 2024
Auditor's R¢muneration
11.400
11.400
12.
TAXATION
The cornpany and its subsidiary. Sylvella Ch2rity Limited, are registered charllies and the
company's trading subsidiary. Lydminster Lsmit¢(L donates its profits to the compony and
ther¢for¢ there is no liability to corporation tsx.
13.
TRUSTEE REMUNERATION AND EXPENSES
There was no remuneration paid to the trust¢¢s. The charity did not meet any individual expenses
incurred by the trustees for services provided io th¢ charity
21

ROWANVILLE LIMtTED
AI¥4D SUBSIDIARY TtNt)F:R T AKTNGS
NOTES TO THE FINANCtAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
14.
TANGIBLE FIXED ASSETS
Grou
Com
an
Freehold land and buildings (held for charitable use)
623fj564
2,470,815
15. FIXED ASSET INVESTMENrs
Freehold Inve5tmellt
Properties
ParticipatiDg
iDterest
Total
Grom
Costlvaluation
At l July 2024
4,661,178
1.000.000
5,661.178
Disposals
{1,745,000)
{1,745,IKJO)
At 30 June 2025
2.916,178
1,000,000
3,916.178
Com
2025
2024
Investments at costlvaluation
tnvestment in subsidiary VAt vaIuation
3916,178
3,616J52
5,661,178
3,626,913
7J32WO
9.288,091
The freehold investment properties are stated at trustees. valuation, assisted by RICS qualified
professionals, at 30 June 2025. The trustees hav¢ extensive experien¢¢ in the field of propety
investment and valuation accumulated over a consid¢rable period of time. The valuation is based
on the trustees, understanding of property market wnditions and the specific properties eonceme
using a sales valuation approach, derived from recent comparnble transactions on the marke¢
adjusL¢d by applying discounts to reflect status of ￿¢uPation and condition. The participating
infrrest was revalued to market value by the trustee4 at 30 June 2025.
The histori¢al cost of the inyesttnent properties at 30 June 2025 is £2,183.417 (2024". £3,923.495)
and £30,000 for the participating interest.
Th¢ participating interest represents a holding of 2411/0 of the issued ordinary And "A" ordinary
share capital of Covered Markets Limited, a property investment company which is incorporated
in Great Britain.
The investment in subsidiaries at valuation is based on the underlying value of assets less liabilities
of Lydminster Litnit¢d, a property investment Company and the underlying value of assets less
liabilities of Sylvelia Charity Limited, a charity comwdThy. Both subsidiaries are incorporated in
Great Britain.
22

ROWANVILLE LIMrrED
AND SUBSIDIARY I_INDF.RT AKINGS
NOTES TO THE FITrIANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
15.
FIXED ASSET INVESTIIIENTS (conlinued)
The aggregate amount of assets, liabilities and funds of the subsidiary undertakings are as
follows:
2025
2024
Investm¢nt income and donations
Administrntion and property letting
Intsrest payable to holding company
63,591
(63,746)
{10,406)
75,267
(16,879)
{9,460)
Net profitl(loss) for the year
(10,561)
48,928
Deferred taxation
(13,000)
NET PROFITI(LOSS)
£(10,561)
£35,928
Assets and liabilities
Fixed Assets
cu￿¢Tht Assets
Current Liabilities
Non Current Liabilities
Net Assets
3,765,749
73,139
(129,536)
3.765,749
69.094
(114.930)
3ffj16?52
3,626.913
Aggregate capital and reserves
Trading subsldiary
Charity subsidiary
386,664
3229.688
397,225
3,229.688
3ffj16J52
3,626.913
16.
DEBTORS
Gro
Com
an
2025
2024
2025
2024
Amount due from subsidiary
Other Debtors
127,869
425,124
113,263
5,230
427.191
7,230
427,191
7230
552,993
118,493
23

ROWANVIJ,LE LIMITED
AND SUBSIDIARY UNDF.RTAKINGS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
17.
cRED￿ORS. AMouNfs FALLfNG DUE WJTIItN ONE YEAIi
Grou
Com
2025
2024
2025
2024
Other Creditors
Accruals and defetTed income
33,665
182,600
393,665
202,600
31,998
182,600
391,998
202,600
216265
596,265
214,598
594.598
Accruals and deferred income includes an income deferrnl of £I80.(KiO (2024: £200.000) in respect
of the grant of a life tenancy interest in an investment property.
18.
PROVISION FOR LIABILITIES
2025
2024
Balance at l July 2024
93,(M)O
80.000
Charge for th¢ year
13.000
B￿ance at 30 June 2025
93,000
93.000
D¢fenrd tsx is recognised in respect of timing diff¢rences arising from the revaluation of as5¢ts
classified as investments tn the non-charitable subsidiary undertakings. Although the provision
has been recognised in accordance with FRS 102, it is expected that the majority of the gains will
be gifted for chaTitable purposes and such tax should not be£ome payable.
D¢f¢rred tax has not been recognised in respect of revaluation of inveslments by the parent
charilable Company on the basis that all such galns will be applied for Charitable purposes.
19. FUNDS OF THE CHAIUTY
Group
Unrestricted
Restricted
Totsl
Balance at l July 2024
12,285.016
8J39
12,293,355
Net surplu5 for the year
(1,069,763)
(8,339)
(1,078,102)
Balance as at 30 June 2025
11,215.253
11.215.253
24

ROWANVILLE LIMITED
AND SUBSIDIARY UNDERTAKINGS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
FUNDS OF THE CEL4RITY {ConlinHed)
Company
Unrestricted
Restricled
Total
Balan¢e at l July 2024
[2,285.016
8,339
12.293,355
Net incom¢ for th¢ y¢aT
(738,771)
(8,339)
(747,110)
Gain on inveslmenls
(330,992)
(330,992)
Balance as at 30 June 2025
11,215,253
11,215253
20.
AY4ALYSIS OF NET ASSETS BETWEEN FUNDS
Net
Current
Assets
Fixed
Assets
Group
Provisions
Total
Unrestsicted Income Funds
10,152,742
1.155,511
(93,000) 11215,253
Net
Current
Assets
Fixed
Assets
Company
Provisions
Total
Unrestricted Income Funds
10.003.345 1,211,908
11,215,253
21.
NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
202S
2024
Net income for the year
Adju5tmell¢ for:
(GainyLoss on Investm¢Dts
Interest receivable
Net rents Tec¢ivabl¢
Dlvidends receivable
Donations in kind
(Increase)/Decrease in debtors
Increasel(Decrease) in provisions for liabilities
Net valuation loss on investments
(1,078,102)
94.367
{27.609)
{53,906)
(96,768)
(26.381)
(279,186)
(96,768)
(18,424)
(8,176)
13,000
320,431
Net cgsh used in operating activities
(935954)
(321,568)
25

ROWANVILLE LIMITED
AND SUBSIDIARY UNDERTAKINGS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 2025
21.
NOTES TO TItE CONSOLMATED STATEMENT OF CASH FLOWS (Continued)
2025
2024
Cash flows from investin
activities
Interest r￿e1Ved
Rents received
Dividends receivable
Proceeds frovn sale of investments
Purchase of investtnents
7,609
138,902
96,768
718,612
6.381
296.471
96,768
(10,000)
Net cash used in investing activities
961,891
389,620
Cash Ilows from investin
activities
Cash inflows from new boTrowing
Net decreAse In cAsh and cash equivaiellts
(4,169)
63,883
25,937
Cash and c&sh equivalents at beginning of year
918,648
854,765
Cash and cash equlvxlents at end of year
944585.
918.648
22.
ANALYSIS OF CHANGES IN NET DEBT
At
At
l Jul 2024 C&8h flows 30 Jun 2025
Cash at bank and in hand
918.648
25.937
944.585
23.
REIATED PARTY TRANsA￿loNs
(i)
During the year the group Teceived dividends of £96,768 (2024: £96,768) from Cov¢r¢d
Markets Limited. some trustees of this company are directors of that company.
(li)
During the year the charity received interest of £10,406 (2024.. £9,640) on the loan due
fmm its subsidi&ry. Lydminster Limited. This loan is secured on the assets of Lydminster
Limitd and repayabl¢ on demand.
During the year the charity received donations of £200,000 {2024- £230,000) from
charitable t￿sts and companies, a trustse/dire¢tor of which is also a trustee of Rowanville
Limited.
26

ROWANVILLE LIMITED
AND SUBSIDL4RY UNDERTAKINGS
NOTES TO THE FINANCIAL STATEMELYrs
FOR THE YEAR ENDF.T) 3n..Tt_TNF. ?O?S
INCOMING RES017RCES
Donation8
Investment Income
Life tenancy interest
Dividends
Interest recelvable from subsidiary
Other Intr￿51 receivable
425.981
77,836
20,000
96,768
10.406
7,609
TOTAL INCOMtNG RESOURCES
638.600
RESOi7RCES EXPENDED
Investment management charges
Expenditure on Charitable Activities
Governance costs
28.097
1,350,413
7,200
TOTAL EXPENDITURE
1,385.7lO
GainO(losses) on disw)sal of investment propety
(320,431)
Net gains on investment in group undertakings
{10,561)
Net Income and Net Movement ill Funds
(1,078,102)
Totsl Fuuds Brought ForFvard
12.293,355
Total Funds CArried Fonvard
11,215,253
None of the chariWs a¢tivities was initiated or discontinued during the financial year nor in the previous
The charity has no oth¢r r¢cognised gains or losses other than those r¢fl¢¢t¢d in th¢ above Statement of
Financial Activities for the financial year or for the previous year.
27