**REGISTERED COMPANY NUMBER: 01546635 (England and Wales) REGISTERED CHARITY NUMBER: 282386** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **FOR** ## **OLLINGHAM LIMITED** DAS Accounting & Partners (UK) LLP 105 Eade Road OCC Building A 2nd Floor Unit 11a London N4 1TJ **OLLINGHAM LIMITED** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**||6|| |**Cash Flow Statement**||7|| |**Notes to the Cash Flow Statement**||8|| |**Notes to the Financial Statements**|9|to|14| ## **OLLINGHAM LIMITED (REGISTERED NUMBER: 01546635)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and activities for public benefit** The charity's objectives are to further those purposes both in the United Kingdom and abroad recognised as charitable by English law. In furtherance of the aforementioned objects, the charity receives income from its cash deposits, investments and voluntary income from companies connected with the trustees which it utilises in the provision and distribution of grants and donations to organisations that fall within the objectives of the charity. The charity's principal activities, although not restricted to, are promoting the charitable activities of institutions teaching the principles of traditional orthodox Judaism, and the giving of philanthropic aid to the needy. The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities. ## **Grant making policy** The trustees are approached for donations by a wide variety of charitable institutions and organisations operating in the United Kingdom and abroad which accord with the objects of the charity. In making grants and donations, the trustees use their personal knowledge of the institution, its representatives, operational efficiency and reputation. The trustees consider all requests and make donations based on the level of funds available. ## **STRATEGIC REPORT** ## **Achievements and performance** ## **Charitable activities** During the year the charity has continued its philanthropic activities and has maintained its support of organisations which engage in education, advancement of the Jewish faith and the giving of philanthropic aid. The reserves remain available to organisations which accord with the aims and objectives of the charity. The trustees expect to receive an increase in such demand in future years. The financial results of the charity are fully reflected in the attached financial statements and the notes thereon. Income from donations aggregated £450,950 (2024: £489,118) and total grants and donations paid were £861,604 (2024: £474,707). ## **Financial review Financial position** The financial position of the charity is satisfactory. As at the balance sheet date, the charity had unrestricted funds of £746,191 (2024: £1,163,148). ## **Principal funding sources** The charity's principal funding sources in the year were from donations from its non charitable operating subsidiaries. |**Company**|**Nature of Business**|**Percentage Holding**| |---|---|---| |Laurence Property (Investment) Co. Limited|Property Investment|100%| |Bluehaven Estates Limited|Property Investment|50%| |Awardprop Limited|Property Investment|50%| ## **Investment policy and objectives** Under the Memorandum and Articles of Association, the charity has the power to make any investment which the trustees see fit provided any moneys are not immediately required for use in connection with any of its objects. The charity's investment policy is to maximise the income and gains so that its charitable objectives be maintained and expanded. Page 1 **OLLINGHAM LIMITED (REGISTERED NUMBER: 01546635)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** ## **STRATEGIC REPORT Financial review** ## **Reserves policy** The reserves policy of the trustees is to maintain unrestricted funds, which are the free reserves of the charity, to ensure that it is in a position to continue its on-going grant-making activities and cover contingencies arising from additional calls made upon the charity for the support of organisations in times of need. The free reserves of the charity are considered to be adequate to support anticipated expenditure and is reviewed periodically by the trustees. ## **Future plans** The trustees plan to continue making distributions in accordance with their grant-making policy and to ensure that the ability to generate sufficient income is maintained to achieve that end. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** Ollingham Limited is a company limited by guarantee and has no share capital. Its governing documents are its Memorandum and Article's of Association. ## **Organisation** The charity is administered by the governors who are the trustees. Every trustee holds office until he/she shall die or shall cease to hold office by virtue of Article 35 of the Articles of Association. The day-to-day affairs of the charity are administered by the trustees whose chairman is Mr I Gluck. As set out in the Articles of Association the number of trustees shall be not less then three but shall not be subject to any maximum. The charity may by ordinary resolution appoint a person who is willing to act to be a trustee either to fill a vacancy or as an additional trustee. New trustees are appointed based on personal competence, specialist skills, local availability and from those who are able to promote the charitable activities of the charity. Induction of new trustees into the workings of the charity is undertaken by the current trustees. The quorum for the transaction of the business of the trustees may be fixed by the trustees but shall not be less than the majority of their number. None of the trustees have any beneficial interest in the charity. All trustees give their time voluntarily and no benefit or expenses were paid to them in the year. ## **Risk management** The trustees haver identified and reviewed the major risks to which the charity is exposed in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to mitigate those risks. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 01546635 (England and Wales) ## **Registered Charity number** 282386 ## **Registered office** 105 Eade Road OCC Building A 2nd Floor Unit 11a London N4 1TJ ## **Trustees** Mr I Gluck Mr C Gluck Mr Y Friedman Mr A J OST Page 2 ## **OLLINGHAM LIMITED (REGISTERED NUMBER: 01546635)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** ## **REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary** Mr C Gluck ## **Independent Examiner** Mr Pesach Davidoff DAS Accounting & Partners (UK) LLP 105 Eade Road OCC Building A 2nd Floor Unit 11a London N4 1TJ Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 30 January 2026 and signed on the board's behalf by: Mr I Gluck - Trustee Page 3 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OLLINGHAM LIMITED** ## **Independent examiner's report to the trustees of Ollingham Limited ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity's 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** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 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: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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. Mr Pesach Davidoff The Association of Chartered Certified Accountants DAS Accounting & Partners (UK) LLP 105 Eade Road OCC Building A 2nd Floor Unit 11a London N4 1TJ 30 January 2026 Page 4 ## **OLLINGHAM LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Grants to institutions
Governance costs
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2025**
**Unrestricted**
**fund**
**£**
450,950
1,678
452,628
861,604
7,981
869,585
(416,957)
1,163,148
746,191|**2024**
**Total**
**funds**
**£**
489,118
11,514| |---|---|---| |||500,632| |||474,707
3,945| |||478,652| |||21,980
1,141,168| |||1,163,148| The notes form part of these financial statements Page 5 ## **OLLINGHAM LIMITED (REGISTERED NUMBER: 01546635)** ## **BALANCE SHEET 31 MARCH 2025** |**Notes**
**FIXED ASSETS**
Investments
10
**CURRENT ASSETS**
Debtors
11
Cash at bank
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
13
Unrestricted funds:
General fund
**TOTAL FUNDS**|**2025**
**Unrestricted**
**fund**
**£**
25,650
312,195
435,803
747,998
(27,457)
720,541
746,191
746,191
746,191
746,191|**2024**
**Total**
**funds**
**£**
25,650
611,781
555,368
1,167,149
(29,651)
1,137,498
1,163,148
1,163,148
1,163,148
1,163,148| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. ## The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 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 Sections 394 and 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. The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2026 and were signed on its behalf by: Mr I Gluck - Trustee The notes form part of these financial statements Page 6 ## **OLLINGHAM LIMITED** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** |**Notes**
**Cash flows from operating activities**
Cash generated from operations
1
Net cash used in operating activities
**Cash flows from investing activities**
Interest received
Net cash provided by investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**2025**
**£**
(121,243)
(121,243)
1,678
1,678
(119,565)
555,368
435,803|**2024**
**£**
(216,018)
(216,018)
11,514
11,514
(204,504)
759,872
555,368| |---|---|---| The notes form part of these financial statements Page 7 **OLLINGHAM LIMITED** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** ## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**OPERATING ACTIVITIES**||| |---|---|---| |**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Interest received
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Net cash used in operations**|**2025**
**£**
(416,957)
(1,678)
299,584
(2,192)
(121,243)|**2024**
**£**
21,980
(11,514)
(233,675)
7,191| |||(216,018)| ## **2. ANALYSIS OF CHANGES IN NET FUNDS** ||**At 1.4.24**|**Cash flow**|**At 31.3.25**| |---|---|---|---| ||**£**|**£**|**£**| |**Net cash**|||| |Cash at bank|555,368|(119,565)|435,803| ||555,368|(119,565)|435,803| |**Total**|555,368|(119,565)|435,803| The notes form part of these financial statements Page 8 **OLLINGHAM LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Consolidation** The charity is not required to prepare consolidated accounts in accordance with the Charities Act 2011, and has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the charity and its subsidiary undertakings comprise a small group. ## **Accounting estimates and judgements** In the application of the charity's accounting policies, the trustees are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The trustees do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below. ## **Income** Income is recognised in the Statement of Financial Activities once the charity is legally entitled to the funds after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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 the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Charitable activities** Charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Governance costs** Governance costs include cost of the preparation and independent examination of financial statements and cost of any legal advice to trustees on governance or constitutional matters. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. continued... Page 9 **OLLINGHAM LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **1. ACCOUNTING POLICIES - continued** ## **Fund accounting** General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are funds subject to specific restricted conditions imposed by donors. There are no restricted funds as at the Balance Sheet date. 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 Balance Sheet date. ## **Investments** Investments in quoted companies are measured at fair value with changes in fair value recognised in profit or loss. Investments in unquoted companies are measured at cost and subsequently at cost less any accumulated impairment loss. ## **2. DONATIONS AND LEGACIES** |**2.**
**DONATIONS AND LEGACIES**||| |---|---|---| |Donations received
**3.**
**INVESTMENT INCOME**
Interest income|**2025**
**£**
450,950
**2025**
**£**
1,678|**2024**
**£**
489,118| |||**2024**
**£**
11,514| ## **4. CHARITABLE ACTIVITIES COSTS** |Grants to institutions
Governance costs
**5.**
**GRANTS PAYABLE**
Grants to institutions|**Grant**
**funding of**
**activities**
**(see note**
**5)**
**£**
861,604
-
861,604|**Support**
**costs (see**
**note 6)**
**£**
-
7,981
7,981
**2025**
**£**
861,604|**Totals**
**£**
861,604
7,981| |---|---|---|---| ||||869,585| ||||**2024**
**£**
474,707| All grants and donations were paid to charitable institutions for the advancement of religion and education and relief of poverty. The composition of donations is shown below. |The composition of donations is shown below.|| |---|---| ||£| |Mifal Hachesed Vehatzedokoh|105,000| |Yetev Lev London Jerusalem Trust|100,000| |United Talmudical Associates Ltd|94,000| |Kollel Ahavat Zion|80,000| continued... Page 10 ## **OLLINGHAM LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **5. GRANTS PAYABLE - continued** |Mifal Tzedoko V'Chesed Limited|50,000| |---|---| |Tevini Limited|40,000| |M.L.T. Belz|36,400| |Lechem Shlomo|35,100| |Friends of Beis Soroh Schneirer|35,000| |Beis Ruchel D'satmar (London) Limited|34,000| |Other donations £15,000 or less|252,104| ||| ||861,604| ||| ## **6. SUPPORT COSTS** |**SUPPORT COSTS**||||| |---|---|---|---|---| ||||**Governance**|| ||**Management**|**Finance**|**costs**|**Totals**| ||**£**|**£**|**£**|**£**| |Governance costs|4,557|304|3,120|7,981| ## **7. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): Independent examiner's fee |**2025**|**2024**| |---|---| |**£**|**£**| |1,800|1,800| ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **9. STAFF COSTS** There were no staff costs for the year ended 31 March 2024, nor for the year ended 31 March 2023. ## **10. FIXED ASSET INVESTMENTS** |**FIXED ASSET INVESTMENTS**|| |---|---| |**Shares in**
**group**
**Unlisted**
**undertakings**
**investments**
**£**
**£**
**COST LESS IMPAIRMENT**
At 1 April 2024 and 31 March 2025
18,504
7,146
**NET BOOK VALUE**
At 31 March 2025
18,504
7,146
At 31 March 2024
18,504
7,146|**Totals**
**£**
25,650| ||25,650| ||25,650| There were no investment assets outside the UK. continued... Page 11 **OLLINGHAM LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **10. FIXED ASSET INVESTMENTS - continued** The company's investments at the balance sheet date in the share capital of companies include the following: ## **Subsidiaries** ## **Laurence Property (Investment) Co. Limited** Registered office: 105 Eade Road, OCC Building A, 2nd Floor, Unit 11D, London, N4 1TJ Nature of business: Property Investment ||**%**| |---|---| |**Class of share:**|**holding**| |Ordinary|100| ## **Bluehaven Estates Limited** Registered office: 105 Eade Road, OCC Building A, 2nd Floor, Unit 11D, London, N4 1TJ Nature of business: Property Investment ||**%**| |---|---| |**Class of share:**|**holding**| |Ordinary|50| ## **Rightway Property Trading Limited** Registered office: 105 Eade Road, OCC Building A, 2nd Floor, Unit 11D, London, N4 1TJ Nature of business: Property Trading ||**%**| |---|---| |**Class of share:**|**holding**| |Ordinary|100| ## **Fieldway Property Trading Limited** Registered office: 105 Eade Road, OCC Building A, 2nd Floor, Unit 11D, London, N4 1TJ Nature of business: Property Trading ||**%**| |---|---| |**Class of share:**|**holding**| |Ordinary|100| ## **Associated company** ## **Awardprop Limited** Registered office: 105 Eade Road, Occ Building A, 2nd Floor, Unit 11D, London, N4 1TJ Nature of business: Property Investment ||**%**| |---|---| |**Class of share:**|**holding**| |Ordinary|50| ## **11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Loan debtors
Accruals|**2025**
**£**
308,145
4,050
312,195|**2024**
**£**
611,781
-| |---|---|---| |||611,781| continued... Page 12 **OLLINGHAM LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** |**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
Accruals and deferred income
**13.**
**MOVEMENT IN FUNDS**
**At 1.4.24**
**£**
**Unrestricted funds**
General fund
1,163,148
**TOTAL FUNDS**
1,163,148
Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
452,628
**TOTAL FUNDS**
452,628
**Comparatives for movement in funds**
**At 1.4.23**
**£**
**Unrestricted funds**
General fund
1,141,168
**TOTAL FUNDS**
1,141,168
Comparative net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
500,632
**TOTAL FUNDS**
500,632||**2025**
**£**
25,357
2,100
27,457
**Net**
**movement**
**in funds**
**£**
(416,957)
(416,957)
**Resources**
**expended**
**£**
(869,585)
(869,585)
**Net**
**movement**
**in funds**
**£**
21,980
21,980
**Resources**
**expended**
**£**
(478,652)
(478,652)|**2024**
**£**
27,551
2,100
29,651
**At**
**31.3.25**
**£**
746,191
746,191
**Movement**
**in funds**
**£**
(416,957)
(416,957)
**At**
**31.3.24**
**£**
1,163,148
1,163,148
**Movement**
**in funds**
**£**
21,980
21,980| |---|---|---|---| ||||| ||||| ||||| ||||| continued... Page 13 **OLLINGHAM LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **14. RELATED PARTY DISCLOSURES** Included in other creditors is an amount of £20,357 (2024: £20,357) due to G Family MVL Limited, a company of which the directors are trustees of the charity. The loan is interest free and repayable on demand. Page 14