Company registration number: 01404359 Charity registration number: 280038
CUPERMALL LIMITED TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 10 MAY 2024
Brindley Goldstein Limited 103 High Street Waltham Cross EN8 7AN
Cupermall Limited Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities (including Income and Expenditure Account) | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—9 |
Cupermall Limited Company No. 01404359 Trustees' Report For The Year Ended 10 May 2024
The trustees present their report and the financial statements for the year ended 10 May 2024.
Objectives and Activities
Aims and Objectives
The purpose of the charity as set out in its governing document dated dated 8 December 1978.
The charity's aim is the advancement of education and the provision of the Jewish faith in accordance with Orthodox Jewish Faith for Orthodox Jews and for the benefit of the public throughout England, Wales and Worldwide.
The charity continues to seek to advance further Jewish Education and derives the majority of its income from the activities of its trading subsidiary, Holdvance Limited. This latter company is a property trading company but over the last few years all of its income has been rents received from its properties held for trading. This income, after deducting the running expenses of the company, is all donated to Cupermall Limited by way of a deed of covenant.
Public Benefit
The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Reference and Administrative Details
Trustees
Mr Menachem Halpern Mr Elijah Halpern
Charity Number
280038
Company Number
01404359
Principal Address
41 Bridge Lane London NW11 0ED
Registered Office
41 Bridge Lane London NW11 0ED
Independent Examiner
Brindley Goldstein Limited 103 High Street Waltham Cross EN8 7AN
Page 1
Cupermall Limited Trustees' Report (continued) For The Year Ended 10 May 2024
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Menachem Halpern Trustee 13th March 2026
Mr Elijah Halpern Trustee
Page 2
Cupermall Limited Independent Examiner's Report to the Trustees of Cupermall Limited For The Year Ended 10 May 2024
I report to the charity trustees on my examination of the accounts of the Company for the year ended 10 May 2024.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Brindley Goldstein Limited 13th March 2026 103 High Street Waltham Cross EN8 7AN
Page 3
Cupermall Limited Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 10 May 2024
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Investments 4 EXPENDITURE ON: Raising funds 5 NET (EXPENDITURE)/INCOME BEFORE INVESTMENT (LOSSES)/GAINS Net losses on investments NET (EXPENDITURE)/INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 11 |
2024 Unrestricted funds £ 74,000 - |
2023 Unrestricted funds £ 22,881 3,610 |
|---|---|---|
| 74,000 | 26,491 | |
| (74,900) | (16,480) | |
| (900) (1,000) |
10,011 - |
|
| (1,900) | 10,011 | |
| (1,900) 109,245 |
10,011 99,234 |
|
| 107,345 | 109,245 |
The notes on pages 6 to 9 form part of these financial statements.
Page 4
Cupermall Limited Balance Sheet As At 10 May 2024
| Notes FIXED ASSETS Investments 8 CURRENT ASSETS Debtors 9 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 10 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 11 |
2024 Unrestricted funds £ - |
2023 Total funds £ 1,000 |
|---|---|---|
| - 108,079 166 |
1,000 74,880 34,685 |
|
| 108,245 (900) |
109,565 (1,320) |
|
| 107,345 | 108,245 | |
| 107,345 | 109,245 | |
| 107,345 | 109,245 | |
| 107,345 | 109,245 | |
| 107,345 | 109,245 |
For the year ending 10 May 2024 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Menachem Halpern
Trustee 13th March 2026
The notes on pages 6 to 9 form part of these financial statements.
Page 5
Cupermall Limited Notes to the Financial Statements For The Year Ended 10 May 2024
1. General Information
Cupermall Limited is a company limited by guarantee, incorporated in England & Wales, registered number 01404359 and registered charity number 280038. The registered office is 41 Bridge Lane, London, NW11 0ED.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement 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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
2.3. Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
2.4. Investments
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
Page 6
Cupermall Limited Notes to the Financial Statements (continued) For The Year Ended 10 May 2024
| Donations and gifts 4. Investment Income Dividends from investments 5. Analysis of Expenditure Raising funds Raising funds 6. Support Costs General administration Governance costs |
Grant funding of activities £ 16,000 |
2024 Unrestricted funds £ 74,000 |
2023 Unrestricted funds £ 22,881 |
|---|---|---|---|
| 2024 Unrestricted funds £ - |
2023 Unrestricted funds £ 3,610 |
||
| Support costs (see note 6) £ 480 |
2024 Support costs (see note 6) £ 74,900 |
||
| 2023 Total £ 16,480 |
|||
| 2024 Raising funds £ 74,900 |
|||
| 2023 Raising funds £ 480 |
7. Average Number of Employees
Average number of employees during the year was: NIL (2023: NIL)
Page 7
Cupermall Limited Notes to the Financial Statements (continued) For The Year Ended 10 May 2024
- Investments
| 8. Investments |
|||||
|---|---|---|---|---|---|
| Cost or Valuation As at 14 May 2023 Disposals As at 10 May 2024 Provision As at 14 May 2023 As at 10 May 2024 Net Book Value As at 10 May 2024 As at 14 May 2023 9. Debtors Due within one year Other debtors 10. Creditors: Amounts Falling Due Within One Year Accruals and deferred income 11. Movement in Funds Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 14 May 2023 £ 109,245 |
Income £ 74,000 |
2024 £ 108,079 2024 £ 900 Expenditure £ (75,900) |
Subsidiaries £ 1,000 (1,000) |
|
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| 1,000 | |||||
| 2023 £ 74,880 |
|||||
| 2023 £ 1,320 |
|||||
| As at 10 May 2024 £ 107,345 |
|||||
| 109,245 | 74,000 | (75,900) | 107,345 | ||
| As at 14 May 2022 £ 99,234 |
Income £ 26,491 |
Expenditure £ (16,480) |
As at 13 May 2023 £ 109,245 |
||
| 99,234 | 26,491 | (16,480) | 109,245 |
- Transactions with Trustees
Page 8
Cupermall Limited Notes to the Financial Statements (continued) For The Year Ended 10 May 2024
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
13. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
14. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 9