COMPANY REGISTRATION NUMBER: 01472614 CHARITY REGISTRATION NUMBER: 280880 Centurian Charities Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 GK & CO. LLP Chartered Accountants Hallswelle House 1 Hallswelle Road London England NW11 ODH
Centurian Charities Limited Company Limited by Guarantee Flnanclal Ststements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examinevs report to the trustees Statement of financial activities (including income and expenditure account) statement of financial position Statement of cash flows Notes to the financial statements The following pages do not form part of the flnancial statemènts Detailed statement of financial activitles Is Notes to the detailed statement of financial activities 16
Centurian Charities Limited Company Limited by Guarantee Trustees, Annual Report (In¢orporatlng the Directorfs Report) Year ended 31 March 2024 The trustees. who are also the directors for the purposes of Company law. present their report and the unaudited financial statements of the charrfy for the year ended 31 March 2024. Reforence and admlnlstratlvo details Rggistgrod charity name Centurian Charille$ Limited Charlty reglstratlon nurnbor 280880 Company roglstration number 01472614 Principal officè artd reglstered Hallswelle House offi¢e 1 Hallswell8 Road London NW11 ODH The trust•es Mr D Segal Mr S S Meyers Mrs D. Feléman Mrs S. Friedman Company sKrotsry Mrs D.Feldman Ind¢pondent examiner Dr P.P.Smulovilch Hallswelle House 1 Hallswelle Road London Ensqand NW11 ODH StnKture, governance and management In light of Gurrent economic condition5 the governors consider it prudent lo consider their existiNJ investment policy. Such policy being the investment of surplus fvnds into treasury deposits. Oblectiv•s and actlvlties The company 15 a registered charity and it5 principa1 activity during the year was the distribution of its income to charities. The objects of the tharity are to advance rel10n in accordance with Orthodox Jewsh Faith and to support other Gharilable aclivili8s as are re¢ogni$ed by English Law as charitable. In furtherance of its objects the chartty continued to advance and donate money and support other Charities wlh objects similar lo those detailed above. The charty is run jointly by all the governors. make any important decision5 in tandem. The governors meet regularly lo manage the charivs affairs. There are no paid employees and all administration work Is acrried out on a voluntary basis by th8 governors.
Centurlan Charities Limited Company Limltsd by Guarantee Truste•s' Annual Report (In¢orporatlng the Directorfs Report) (conllnued) Year ended 31 March 2024 Strateglc raport PUBLIC BENEFrr The governors have consldered the guidan(E published by the Charity Commisslon and believe that the charity in carying out Its objectives, fully cOmplS with these requirements. In particular the provisions of funds for communal charitable institutions such as synagogues and homes for the elderly and infirm in accordance with the principles of traditional Judaism aulomatKally gives rise lo a public benefit. Each year the governors Teview the objectives and activitie5 of the charity lo ensu that they continue lo reflect these aims. In carrying out this review the governor5 have considered the Charity Commission's general guidance on public b8nefrt and in particular its supplementary publr guidance on the advancement of religion for the public benefrt. Achlevemgnts and perfomance The results of these activities during the year are r&flecled In the attached arKounts. Flnanclal revlow The financial position is as reflected in the attached Balance Sheet. The governors consider il pnjdenl to relain the Gurrenl level of reserves in order lo generate sufficient Income lo be able to distribute svJnrficant funds to charity in accordance wth the objects of the charty company. RISK MANAGEMENT The Govgrnors have assessed the major risks lo which the charity Is exposed and are 8atisfied that Systems a in place to mitigate such risks. PUBLIC BENEFrr The g0v&rrrS have considered the guidanrÈ published by the Charity Commission and believe that the charity in carrying out its objectives, fully coMplS with these requirements. In particular the provisions of funds for communal charitable institutions such a5 synagogues and homes for the elderly and infirm in a¢¢ordance wih the principles of traditional Judaism automatically gives rise to a public benefrt. Each year the governors review the objectives and activities of the charty lo ensure that they continue lo reflect Ihese aims. In carrying out this review the governors have considered the Charity Commisslon's general guidanrk on public benefit and in particular its supplementary publK guidance on the advancement of religion for the public b8nefft. FUNDING The charity does not partake in extemal funding activities. Funds are derlved on an anwal basis from investment. Plans for future perfods The governors, objectives for the future are lo continue lo carry OLrt the activit as detailed in their report.
Centurian Charities Limited Company Llmlted by Guaranteg Trustees. Annual R•port (Incorporating the Dlrectorfs Report) (conllnu•d) Year ended 31 March 2024 The trustees, annual pOrt and the strategic report re aprKoved on 21 January 2025 and signed on behalf of the board of truslees by.. Mrs S. Friedman Trustee
Centurian Charities Limited Company Llmlted by Guarantee Independent Examinerfs Report to the Trustees of C•nturian Chariti•s Llmlted Y•ar ended 31 March 2024 I report to the trustees on my examination of the financi818tatem8nts of Cenlurlan Charitses Limited I'lhe chariv) for the year ended 31 March 2024. Rgsponsibilitles and basis of report As the trustees of the company land also ils directors for the purposes of company law) you are responsible for the preparalwjn of the financial statements in accordance wlh the requirements of the Companies Act 2006 ('Ihe 2006 Act'l. Having satisfied myself that the accwnts of the MpanY are not required lo be audlted under Part 16 of the 2006 Act and are eliglble for Independent examination. l Teport in respect of my examination of the charitYs accounts as carrled out under section 145 of the Charities Act 2011 ('Ihe 2011 Acl'l- In Carrn9 out my examinatbn I have followed the Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independent oxamlnerfs stat•m•n¢ Since the charills gross income exceeded £250,000 your examlner must be a member of a l)ody listed in section 145 of the 2011 Act. I confirm that l am quallfied to undertake the examination because l am a member of the Institute of Charte Accountants in England and Wales (ICAEWI, which is one of the listed bodies. I have Gompleted my examination. I confirm that no matters have Gome to my attention In nneCtIOn with the 8xamination giving mg cause to believe.. accounting records were not kept in respect of Ihe charfty as required by seCtn 386 of the 2006 Act,. or the finanGial statements do not arA>rd th those records- or the financial statements do 1 comply wtth the a¢counllng requlrements of section 396 of the 2006 Act other than any requirement that the accounts glve a 'true and fair, view which is not a matter considered as part of an independent examination., or th8 financpj statements have not been prepared in accordance wlth the methods and principle$ of Ihe Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wlh 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 ir) connection wth the examination to which attention should drawn in thls report in order lo enable a proper understanding of the accounts lo be reached. Dr P.P.Smulovitch Independent Examiner Hallswelle House 1 Hallswelle Road London England NW11 ODH
Centurian Charities Limited Company Llmlted by Guarant99 Statgmont of Flnancial Activities (Including income and expenditure account) Yoar ended 31 March 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowments Charitable donations Investment Income 501.419 501,419 481,500 T¢)tsl income 501,424 501,424 481,501 Expènditur• EXPendire on charitable activities T¢)tsl oxpandfture 327,050 327.050 593,480 593,480 327,050 327.050 Not In¢omal(expendituTe) and not mwgm?nt In funds 174,374 174.374 (111,979) R•conclllatlon of funds Total funds brought fOard T¢)tal funds carrlod forward 405,930 405.930 517,SK19 580,304 580.304 405.930 The stslement of flnancsal tiVitieS includes all gains and losse5 recognised in the year. All income and expendmure derive from ¢ontlnuing activities. Th• notss on p4y$ 8 to 13 forni part of these ffinanrial *tai•ments.
Centurian Charities Llmited Company Llmited by Guaranto0 Statement of Flnancial Position 31 March 2024 2024 2023 Curr•nt assets Debtors Cash al bank and in hand 12 386,313 250,326 636,639 344,863 116,964 461,827 Croditors: amounts falling du• within one year Net currnnt assets 13 56,335 55.897 580,304 580.304 405.930 Total a8sets le88 current Ilabilitios 405,930 Funds of thè charlty Unrestricted funds 580.304 405,930 Total ¢hwity funds 14 $80,304 405,930 For Ihe year enéing 31 March 2024 the charity was entitled to exemption from audll under se¢tion 477 of Ihg Companies Act 2006 relatir)g to small compani8s. Directors, responsibilities.. The members have not required Ihe company lo obtain an audit of ts financial statements ts the year in que$lkJn In accordance with seth'on 476.. The dlrectors acknowledge their responsibilities for complwng with the requirements of the Act Wtth respect to accounting records and the preparation of financial stslements. These financial slalements have been prepared in accordance with the provisn$ appllcable to cornpanies subject lo the small companies. regime. These financial statements were approved by the board of tnJ5tees and authorised for issue on 21 January 2025, and are signed on behalf of the board by. Mrs S. Friedman Trustee The notes *)n page8 8 to 13 form part of these ffinanclal 8tst•monts.
Centurian Charitles Llmlted Company Llmltsd by Guarantso Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from oporating a¢tivltles Nel w1me/{expenditUreI 174,374 (111,979) Adjustnn(S for.. Other interest receivable arKI simil* income Interest payable and similar charge$ (s) 12 (1) 42 Ch8ngtrs in.. Trade and other debtors Trade and other creditors (41.450) 438 {6.500) Cash generated from operations 133.369 (118,438) Interest paid Interest recewed {12) (42) Nel cash from1{uS in) operating activities 133.362 (118,479) Ngt increasel{decreasg) in ¢a$h and cash equlvalents Cash and cagh equivalonts at beglnning of year Cash and cash equival•nts at end of year 133,362 116,964 250,326 (118,479) 235,443 116,964 Th? on pag•s 8 to 13 form part ofth•s• Ilnanclal ststements.
Centurian Charltles Limited Company Limited by Guaranteè Notes to the Financial Statements Y8ar ended 31 March 2024 G•n•ral infoimation The charity is a public benefit entity and a privale company limrted by guarantee. registered in England and Wal85 and a reglstered charity in England and Wales. The address of Ihe registe office is Hallswelle House, 1 Hallswelle Road, London, NW11 ODH. Staternont of Compllance These financial stslements have been prepared in compliance with FRS 102, The Flnanclal Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalemenl of Recommgnded Practice applicable lo Charities preparing their accounts in acc(dance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {Charities SORP (FRS 10211 and th8 Companies Act 2006. Accounting polici Basls of preparation The financAal slalements have been prepared on the historical cost basls, as modified by the revaluation of certain financial assels and liabilities and investment properties measured at fair value through income or expendiluTe. The financial slal8menls are prepared in slerfing, which Is the functional currency of the entity. Going eoneèm There are no material uncertainties about the charitys abilty to continue. Judgement8 and koy sourGe5 of estlmatlon uncortalnty The preparation of the financial ststements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. i[UdIrj expectations of future events that are believed lo be reasonable under the circumstances. Fund accountlng unStrICted fur)ds are available for use at the discretion of the trustees to furthw any of the chartys purposes. Designated funds are unrestricted funds earmarked by the tnjslees for partlujlar future project or commitment. Restricted funds are subjected to reslrlcllons on their expendlture declared by the donor or through the terms of an appeal, and fall into one of subryclass8s'. restricted in¢ome funds or endoMnenl funds.
Centurian Charities Llmited Company Llmlted by Guarantse Notss to the Financial Statements (conthu Year endod 31 March 2024 Accountlng policies (¢omlnu¢d) Incoming rnsourcas Atl incoming resources are induded in the statement of financial activities when entiuement has passed lo the charity., il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following sp8cific policies are applied to particular calegories of incom8: income from donations or grants is re¢ognlsed when there is evidence of entiuement to th8 grft, receipt is probable and its amount ¢an be measured relbly. legacy income is re¢ogtsi$ed when recelpt Is probable and entrtlement is established. income from donated goods is measured at the falr value of th8 goods unless Ihls impractical lo measure rellably, in whh Case the value is derived from the cost lo donor or the estimated Sale value. Donated facilities arKI services are recognised in the accounts when received the value can be reliably measured. No amounts are induded for the ntribulon of general volunteers. Income from contracts for the supply of services is recognised with the delivery of thg contracted service. This Is classified as unrestricled furKls unless there is a contractual requirement for it lo be spent on a particular purpose and returned rf unspent. in which case il may be regarded as reslrfcled. Resou0$ •xp•nded Expendilure Is recogni88d on an accruals basls as 8 Ilab51ity is incurred. Expenditure includes any VAT whi¢h cannot be fully recovered. and Is classmled under headings of the statement of fsnan¢ial activities to which it lateS.. exp8nditure on raislng funds includes the costs of all fijndraising activities, events, non- charitable trading aclivlties, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities Ihal further its charitable aims for the benefit of its beneficiaries. including those support costs and c051$ relating to the governance of the charity apportioned to tharitable activities. other expenditure includes all expènditure that is neither related to raising funds for the charity nor part of ils expen(Jiture on charitable activitie5. All costs are allocated to exponditure categories refflecling the Use of the resource. Direct costs attributable to a single aclivty are allocated directly to that activity. Shared costs are apportioned between the activities th&y contrlbute to on a reasonable. justrfiable arKi conststenl basis. FinanGial instruments A financial asset or a financial liability 1$ recognlsed only when the charity becomes a party to the ontractL1 provisions of the in$lrument. Basic fInarla1 instruments are inf(ially recognised al the amount receivable or payable Iding any related Iransa¢tion costs.
Centurlan Charities Limited Company Llmlted by Guarantee Notes to the Flnancial Statemonts (condnId) Year ended 31 March 2024 Accounting pollcles (conthuwlj Financial Instruments (continued) Current assets and current liabilitie5 are subsequenvy measured at cash or other consideration expected to be paid or rec*ived and rsol éis¢ounted. Debt Instruments are subsequenly measured al amortised cost. Where investments in shares are publidy traded or their fair value can othSe be measured rellably, the investment 13 subsequently measured at fair value wrth changes in fair value recognised in income and expenditure. Al other such investments are subsequently rnea at cost less impairment. (Xher financlal Instruments. including derivatives, are initially recognised at fair value, unless payment for an asset is defefred beyond normal business terms or finarKed al a rale of interest that is not a market rate, in which case the asset is measured at the present value of the future payments dlscounted at a market rate of interest for a simllar debt instrument. Other financial inslruments are subsequenlly measured at fair value. any changes re¢Dgnised in the statement of financial actNitÈs, with the exception of hedgir¥J irtstruments Sn a designated hedging rdalionship. Financial assets that are measured at cost or amortised Gosl are reviewed for objective evidence of impairment at the end of each reporting d3te. If there is objective evidence of impaimi8nt, an impairment loss is recognised under the appropriate heading in the stslement of financial activiti in which the initial galn was recognised. For all equity instruments regardless of signrficance, and other fina181 assets that are individually signrficant, these are assessed indivldually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk chara(tsrislics. Any reversals of impairment a recognlsed Imme(liately, to the exlent thal the reversal does not Tesull in a carrying amount of the financial assel that exceeds what th8 carrwng amount would have been had the impairment not previously been recognised. Llmltod by guarante? The charty is a limhed company, limiled by guarantee and a¢¢ordingly has no share capital. Charltable donations Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Donations recelved 188,509 188,509 205.0 205,0j Other donations and legacies Receipts under deed of eovenanl 312,910 312,910 501.419 276,5 481,5C(I 276.51XJ 501,419 481,51XJ 10-
Centurian Charities Llmlted Company Limited by Guarantee Notes to th• Financlal Statsments (¢onWnu•dJ Year ended 31 March 2024 Investment incomo Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Bank interest receivable Expfyndlturo on charitable activiti•s by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Charitable donatn$ Support costs 324,500 2,550 327.050 324,500 2,550 327,050 591,200 2,280 591,2CIJ 2,280 593,480 593,480 Charitable donatlons Activities undertaken (Jireclly Support costs Total funds 2024 Total fund 2023 Charitable datIonS Governance cosls 324,500 324,500 2,550 327,050 591,200 2,280 593.480 2.550 324,500 Ind•pond•nt examination feès 2024 2023 Fees payable lo th8 ifKlependent examiner for.. Independent examination of the financial statements 2.400 2.100 10. Staff costs The average head count of employees durin9 the year was 412023.. 4). The average number of full-time equivalent employeès durlng the year is analyBed as follows.. 2024 2023 No. Number of staff - management No employee received emF4oyee berfits crf more than £60,000 during the year12023.. Nill. 11. Trustee remuneration and expenses No remuneration or other benefrts from em 0Yrnent with the charity or a related wlIY were received by the Iruslees. 11
Centurlan Charities Limited Company Limited by Guarantee Notes to the Financial Statements {contlnu•d) Year ended 31 March 2024 12. Debtors 2024 2023 Loan debtors Other debtors 73,403 312.910 73,403 271.460 344,863 386,313 13. Crèdltors: amounts falling due wlthln one y•ar 2024 2023 Amounts owed to related undertaking$ Other creditors 50.000 8.335 50,000 5,897 55,897 56,335 1& Analysls of charitablg funds Unro8trlctod funds Al 1 April 2023 31 March 202 Income Expenditure General funds 405.930 501,424 1327.050) 580,304 At 31 March 202 Al 1 Awil 2022 Income Expenditure General funds 517.909 481.501 IS93,480} 405.930 15. Analy818 of n¢t as$èts btheon fund8 Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assots 636.639 156.3351 580,304 636,639 (56,335) Unreslrithd Total Funds Funé$ Current assets Credltors less than 1 year 461,827 155.8971 405,930 461,827 (55,8971 405,930 12-
Centurian Charities Limited Company Limited by Guarantee Notes to the Financial Statements {contlnu•d) Year ended 31 March 2024 16. Anaty818 of ¢hangos In net dobt At At 1 Apr 2023 Cash Ilows 31 Mar 2024 Cash at bank and in hand Debt due wlhin one year 116,964 150,0001 66,964 133.362 250,326 (so,0001 200,326 133.362 13-
Centurian Charities Limlted Company Limited by Guarantee Management Inforniation Year ended 31 March 2024 The following pages do not fomi part of th• finan¢ial slatèments. -14-
Centurian Charities Limited Company Limited by Guarante8 Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Charitablo donations Donations re¢eive(I Receipts under deed of covenant 188,509 312,910 501A19 205.000 276,500 481.500 Investment Incorne Bank inleresl recelvable Total InGom• 501,424 481,501 Expendlture Expendlture on charltablg activities Charitable Donations Legal and professional fees Other interest payable and similar charge5 324,500 2.538 12 591,200 2,238 42 327,050 593,480 Total exponditur• 327,050 593,480 Net Incomel{oxpondlture) 174J74 {111.979} 15-
Centurian Charltles Limited Company Llmited by Guarantee Notes to the Detailed Statement of Financial Actlvities Yéar ended 31 March 2024 2024 2023 Expondi¢uro on charitablg artiviti•s Charitable donations Actlvltles undertaken dir•cty Donations 324,500 591,200 Governance costs Governance costs- accountancyfees Governance costs- legal and other professional fees Governance costs- other finance c£Jsts 2,400 138 12 2.100 138 42 2,280 Expondlture on charltable actlvltlos 327,050 593,480 16-