**COMPANY NUMBER: 01342362 (ENGLAND & WALES)** **CHARITY REGISTERED NUMBER: 274896** ## **COL-RENO LIMITED** **(A COMPANY LIMITED BY GUARANTEE)** **REPORT OF THE GOVERNORS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5[th] APRIL 2023** **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5[th] APRIL 2023** ||**Page**| |---|---| |**Company Information**|1| |**Report of the Governors**|2| |**Statement of Financial Activities**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5| |**Independent Examiner’s Report**|8| |**Schedule of Grants and Donations**|9| **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **COMPANY INFORMATION FOR THE YEAR ENDED 5[th] APRIL 2023** ## **GOVERNORS:** M H Stern A E Stern Mrs R Davis K Davis C A Stern Mrs L Goldstein ## **SECRETARY:** Mrs R Davis **REGISTERED OFFICE:** 2 Helenslea Avenue London NW11 8ND **COMPANY NUMBER:** 1342362 (England and Wales) **REGISTERED CHARITY NUMBER:** 274896 **ACCOUNTANTS:** STERN ASSOCIATES Chartered Accountants 2 Helenslea Avenue London NW11 8ND Page 1 **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE GOVERNORS FOR THE YEAR ENDED 5[th] APRIL 2023** The Governors (who are also the directors for Companies Act purposes) present their report with the financial statements of the company for the year ended 5[th] April 2023. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **GOVERNING DOCUMENT** The charity was constituted as a company limited by guarantee on 5[th] December 1977, and is governed by the Memorandum and Articles of Association dated 17[th] November 1977. ## **GOVERNORS** The Governors shown below have held office during the whole of the period from 6[th] April 2022 to the date of this report. M H Stern A E Stern Mrs R Davis K Davis C A Stern Mrs L Goldstein The Governors are appointed by the members in accordance with the company’s Articles of Association. ## **OBJECTIVES AND ACTIVITIES** The company is registered as a charity and its' principal activity in the year under review was to advance religion in accordance with the Orthodox Jewish Faith by the provision of grants and donations. ## **ACHIEVEMENTS AND PERFORMANCE** During the year the company continued to receive rents from its investment properties, totalling £128,586 (2022 - £135,082) and made grants and donations totalling £100,593 (2022 - £100,075). ## **FINANCIAL REVIEW** ## **INVESTMENT POLICY** The charity continues to invest in freehold properties, which provide the charity with rental income to support its charitable activities. The Governors believe that, the investment in assets is sufficient to support the needs of the charity. ## **RESERVES POLICY** The Governors endeavour to maintain sufficient funds at all times to meet any foreseeable liabilities. ## **PLANS FOR FUTURE PERIODS** The company will continue to advance religion in accordance with the Orthodox Jewish Faith by the provision of grants and donations. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. ## **ON BEHALF OF THE BOARD:** Mrs R Davis - Secretary 4 September 2023 Page 2 **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5[th] APRIL 2023** |Notes
**Incoming resources**
Investment Income
2
**Total Incoming Resources**
**Resources Expended**
Charitable activities
3
Costs of generating funds
4
Governance Costs
5
**Total resources expended**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|Unrestricted
Funds
£
128,586
128,586
100,593
32,233
3,336
135,162
(6,576)
730,418
723,842|Total
Funds
5.4.23
£
128,586
128,586
100,593
32,233
3,336
135,162
(6,576)
730,418
723,842|Total
Funds
5.4.22
£
135,082| |---|---|---|---| ||||135,082| ||||100,075
20,599
1,902| ||||122,576| ||||12,506
717,912| ||||730,418| The notes on pages 5 to 7 form part of these financial statements Page 3 **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **BALANCE SHEET AS AT 5[th] APRIL 2023** |Notes
**FIXED ASSETS**
Investment property
6
**CURRENT ASSETS**
Other debtors
Prepayments and accrued income
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**RESERVES**
Revaluation reserve
8
Unrestricted funds
8|5.4.23
£
£
2,175,000
873
690
139,356
140,919
36,367
104,552
2,279,552
2,279,552
1,555,710
723,842
2,279,552|5.4.22
£
£
2,175,000
400
1,721
145,760
147,881
36,753
111,128
2,286,128
2,286,128
1,555,710
730,418
2,273,622|5.4.22
£
£
2,175,000
400
1,721
145,760
147,881
36,753
111,128
2,286,128
2,286,128
1,555,710
730,418
2,273,622| |---|---|---|---| ||140,919
36,367|147,881
36,753|| ||||| ||||2,286,128| ||||2,286,128| ||||1,555,710
730,418| ||||2,273,622| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies for the year ended 5[th] April 2023. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 5[th] April 2022 in accordance with Section 476 of the Companies Act 2006. The Governors acknowledge their responsibilities for: - (a) ensuring that the company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 & 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies. The financial statements were approved by the Board of Governors on 4 September 2023 and were signed on its behalf by: Mrs R Davis - Governor The notes on pages 5 to 7 form part of these financial statements Page 4 **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5[th] APRIL 2023** ## 1. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS102, are prepared under the historical cost convention and in accordance with FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS102 and the Companies Act 2006. ## **Incoming resources** All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## _Rents receivable_ Rents are recognised in the statement of financial activities in the year that they relate to. ## _Interest receivable_ Interest income is recognised in the statement of financial activities in the year in which it is receivable. ## **Resources expended** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. ## _Charitable activities_ Donations payable are accounted for when the charity is committed to pay them. ## _Costs of generating funds_ These comprise of insurance, repairs and other costs associated with rental properties ## _Governance costs_ These relate to expenditure incurred in the management of the charity's assets, organisational administration, and compliance with constitutional and statutory requirements ## **Deferred taxation** No provision has been made for deferred taxation as in the opinion of the directors; there is reasonable probability that no liability will arise in the foreseeable future. ## **Investment property** The investment property (freehold land and buildings) is revalued periodically and the aggregate surplus or deficit is transferred to a revaluation reserve. No provision is made for depreciation of the freehold investment property. Page 5 continued... **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5[th] APRIL 2023** |2.
**INCOMING RESOURCES**
**Investment Income**
Rental income
3.
**CHARITABLE ACTIVITIES**
Grants and donations
4.
**COSTS OF GENERATING FUNDS**
Property expenses
Insurance
Management fees
Travelling
5.
**GOVERNANCE COSTS**
Accountancy fees
Bank charges
Sundry expenses
Legal fees|5.4.23
£
128,586
5.4.23
£
100,593
5.4.23
£
11,210
1,012
15,866
3,145
31,233
5.4.23
£
1,500
260
159
1,417
3,336|5.4.22
£
135,082
5.4.22
£
100,075
5.4.22
£
4,962
310
14,329
998
20,599
5.4.22
£
1,440
369
93
-
1,902| |---|---|---| |||| Page 6 continued... **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5[th] APRIL 2023** ## 6. **INVESTMENT PROPERTY** |**COST OR VALUATION**
At 6thApril 2022
Additions during the year
Revaluations during the year
At 5thApril 2023
**NET BOOK VALUE**
At 5thApril 2023
At 5thApril 2022|Total
£
2,175,000
-
-| |---|---| ||2,175,000| ||2,175,000| ||2,175,000| The investment property (freehold land and buildings) was revalued by the Governors in 2023. The Governors consider that the cost of a current professional valuation would not be justified due to the fluctuations in the property market. If the investment property had not been included at valuation, it would have been included under the historical cost convention at £619,290 (2022: £619,290). ## 7. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Other creditors|5.4.23
£
34,568
1,799
36,367|5.4.22
£
31,568
5,185| |---|---|---| |||36,753| ## 8. **RESERVES** |At 6thApril 2022
Surplus / (Deficit) for the year
At 5thApril 2023|Unrestricted
funds
£
730,418
(6,576)
723,842|Revaluation
reserve
£

1,555,710

-

1,555,710|Totals
£
2,286,128
(6,576)
2,279,552| |---|---|---|---| Page 7 **INDEPENDENT EXAMINERS REPORT TO THE BOARD OF GOVERNORS ON THE UNAUDITED FINANCIAL STATEMENTS OF** ## **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE)** I report on the accounts of the company for the year ended 5[th] April 2023, which are set out on pages 2 to 7. ## **Respective responsibilities of governors and examiner** The governors (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's governors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention to indicate that: - accounting records have not been kept in accordance with section 386 of the Companies Act 2006; - the accounts do not accord with the accounting records: - the accounts comply with the accounting requirements of section 396 of the Companies Act 2006 or a not consistent with the Charites SORP (FRS102) - any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts. ## **S. D. Stern** STERN ASSOCIATES Chartered Accountants 2 Helenslea Avenue London NW11 8ND 4 September 2023 Page 8 **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE) SCHEDULE OF GRANTS AND DONATIONS FOR THE YEAR ENDED 5[th] APRIL 2023** ||£| |---|---| |Keren Shmuel|19,900| |Lubavitch of Liverpool|11,740| |Chabad of Oxford|8,300| |The Jerusalem Foundation|8,000| |Laniado UK Shield House|4,275| |Uk Friends of Shneider Hospital|3,980| |Chabad of Southgate|2,920| |Friends of Rabbinical College Kol Torah|2,750| |Chabad of Islington|2,200| |Hadassah UK|2,160| |Lubavitch of Southgate|1,880| |Hendon Adath Yisroel Cong|1,860| |British Friends of Adi Israel|1,800| |Chabad Lubavitch of Oxford|1,600| |Amud Hatzdokah Trust|1,440| |Chabad Lubavitch Brighton|1,360| |JTrails|1,125| |Sephardi Voices Uk|1,000| |Oxford Centre for Hebrew and Jewish Studies|1,000| |Strawberry Hill House|1,000| |Britsh Emunah Fun|1,000| |Prism the Gift fund|1,000| |Camp Simcha|1,000| |Sir martin Gilbert Learning Centre|1,000| |Jewish Book Council|1,000| |The Association of Jewish Refugees|1,000| |Jewish Historical Society of Engalnd CIO|1,000| |UK Toremet Ltd|1,000| |Israel Guide Dog Centre|792| |Friends of Yeshivat Lomdei Torah|720| |UK Friends of Schneider Hospital|720| |Magen David Adom UK|720| |Magen David Adom|720| |Friends of Lubavitch of Scotland|720| |Shaare Zedek UK|600| |The Jewish Centre for special educaion|500| |Royal Society of Blind Children|420| |Lubavitch of Islington|360| This page does not form part of the statutory financial statements Page 9 **COL-RENO LIMITED (A COMPANY LIMITED BY GUARANTEE) SCHEDULE OF GRANTS AND DONATIONS CONTINUED FOR THE YEAR ENDED 5[th] APRIL 2023** |UK Friends of Keren Ohr
British Friends of Rambam Medical Centere
Marie Curie
Breast Cancer Now
Amud Hatzedokah Trust
Together Against Cancer
Nightingale
Tzivos Hashem UK
Friends of Yad Sarah
Lev Ariel
Zionist Federation
Boys Town Jerusalem
FD-UK
Ohel Sarah Uk
Boys Town Jerualem
Brain Research
Kollel Shomrei Hachamoth
Acheinu Cancer Support
Keren Lekinow Yisroel
Beachshore Design Ltd re Shalom Susssex
J Traits
Diabetes Research & Wellness Foundation
Ohel Sarah
Strike A Light|£
360
360
360
360
360
360
360
360
360
360
360
180
180
180
180
180
180
180
180
161
125
120
120
105| |---|---| ||**100,593**| This page does not form part of the statutory financial statements Page 10