COMPANY REGISTRATION NUMBER: 01562872 CHARITY REGISTRATION NUMBER: 283202 ELLADOR LIMITED Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2025
ELLADOR LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 PAGES Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and cxpcnditure account) Statement of financial position Notes to the financial statements Ito2 6tolO
ELLADOR LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORIS REPORT) YEAR ENDED 31 MARCH 2025 The trustees, who are also the directors for the purposes of company law, present their report 2nd the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Ellador Limited Registered charity name Charity registration number Company registration number 01562872 Principal office 25A Hatton Garden London ECIN 8BN 283202 Registered office New Burlington House 1075 Finchey Road London NWI E OPU THE TRUSTEES Mrs R Benedikt Mrs C Hamburger Mrs S Reisner Mr J Schreiber Mr J Schreiber Mrs R Schreiber Mr Y Schreiber Reference and administrative details are shown in the schedule of members of the board and professional advisers on page l of the fjnancial statements. COMPANY SECRETARY Mrs R Schreiber INDEPENDENT EXAMINER Dov Harris FCA Cohen Arnold STRUCTURE, GOVERNANCE AND MANAGEMENT The company is constituted as a company limited by guarantee, and is therefore governed by its Metnorandum and Articles of Association. The trustees administer the day-to-day affairs of the company. None of the trustees have any beneficial interest in the company. It is not currently the intention of the trustee5 of the company to appoint new trllstees. Should the situation change in the futur¢, the trustees will apply suitable recruitment training and induction procedures.
ELLADOR LIMITED COMPANY LIMITED BY GUAII4NTEE TRUSTEES, AISNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) fcoiilinued) YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES The company is established to further both in the United Kingdom and abroad those purposes recognised as charitable by English Law. To achieve these objects, the company utilises its income to make grants and donations. STRATEGIC REPORT The following sections for achievements and performance, financial review and plans for future periods form the strategic report of the company. ACHIEVEMENTS AND PERFORMANCE During the year the company continued to pursue its philanthropic objects in support of educational. religious and other charitable organisations wbich was in accordance with the guidance of the Charity Commission relating to Public Benefjt. FINANCIAL REVIEW The financial results of the company for the year to 31 March 2025 are fully reflected in the attached Financial Statements together with the Notes thereon. As at 31 March 2025 the company had £926,893 Unrestricted Funds. Reserves Policy It is the policy of the charity to maintain unrestricted funds, which are the free reserve of the charity, at a level which the trustees think appropriate after considering the tUre commitments of the charity and the likely adminlstrative costs of the charity for the next year. Investment Policy and Objeclives Under the Memorandum and Articles of Association, the charity has the power to make any investmenL which the trustees consider appropriate. The trustees regularly review the charity's position and needs in respect of the investment policy. The trustees consider the return on investments, in temis of both income and capital growth, to be satisfactory. The trustees, having regard to the liquidity requirements of the charity and to the reserves policy have operated a policy of keeping available funds in an interest bearing deposit account. Grant Making Policy Grdnts are made to charitable institutions and organisations which accord with the objects of the charity. The tl-LlSt behalf s, annual report and the strategic report were approved on 22 December 2025 and signed on the board of trustees by: reiber Trustee
ELLADOR LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ELLADOR LIMITED YEAR ENDED 31 MARCH 2025 I report to the trustees on my examination of the financlal statements of Ellador Limited ('the charity,) for the year ended 31 March 2025. RESPONSJBILITIES AND BASIS OF REPORT The trustees are also the directors of the company for the purposes of company law are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. JNDEPENDENT EXAMINER'S STATEMENT In connection with my examination. no matter has come to my attention: ( l ) which gives me reasonable cause to believe that in any material respect the requirements: to keep aGwunting records in accordance with section 386 of the Companies Act 2006, and to prepare accounts which accord with the accouTrting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accountlng and Reporting by Charities have not been met, OT (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accoiint5 to be reached. Dov Flai"ris FCA Cohen Arnold Independent Examiner New Burlington House 1075 Finchley Road LONDON NWI I OPU 22 December 2025
ELLADOR LIMITED COMPANY LIMITED BY GUIIRANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDIIYG INCOME AND EXPENDITURE ACCOUND YEAR ENDED 31 MARCH 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Investment income 8,000 70,249 78,249 84,000 78,636 162,636 Total income 78,249 Expenditure Expenditure on raising funds: Investment management costs Expenditure on charitable activities Total expenditure (950) (61,523) (62,473) (950) (61,523) (62,473) (909) (68,920) (69,829) Net gains on investments io 57,077 57,077 Net income and net movement in funds 72,853 72,853 92,807 Reconciliation of fllnds Total funds brought forward Total funds Carried forward 854,040 926,893 854,040 926,893 761,233 854,040 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes pages 6 to 10 form part of tbe5e fjnaneial statement&
ELLADOR LIMITED COMPANY LIMITED BY GUAIL4NTEE STATEMENT OF FINANCIAL POSITION 31 MARCH 2025 2025 2024 Note FIXED ASSETS Investments 14 1225,000 1,167,923 CURRENT ASSETS Debtors C&sh at bank and in hand 15 8,250 3,062 11?12 7,910 7,910 CREDITORS: amounts falling due wilhin one year NET CURRENT LIABILITIES 16 (309,419) (321,793) (298,107) (313,883) TOTAL ASSETS LESS CURRENT LIABJLITIES 926,893 854,040 854,040 NET ASSETS 926,893 FUNDS OF THE CHARITY Unrestricted funds 926,893 854,040 854,040 Total charity funds 17 926,893 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and (he preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These fin ial statements were approved by the board of trustees and authorised for issue on 22 Decem and are signed on behalf of the board by: Sclireiber Trustee The notes on pages 6 to 10 form part of ihe5e fjnaneial statements.
ELLADOR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINAIYCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 GENERAL INFORMATJON The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the reglstered office is New Burlington House, 1075 Finchey Road, London, NW I I OPU. STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK arjd the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. ACCOUNTJNG POLICIES Basis of preparation Ellador Limited meets the definition of a public benefjt entity under FRS 102. Going concern There are no materlal uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements 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, including expectations of future events that are believed to be reasonable under the Circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eannarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-cl&8ses: restricted income funds or endowment funds. Incoming resources All income is included in the statement of fjnancial 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 me&8ured. 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.
ELLADOR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conliniiedj YEAR ENDED 31 MARCH 2025 ACCOUNTINC POLICIES (conlinuvrf) Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less irnpairn]ent. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Investment property Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to i*ngible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis. Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. LJMITED BY GUARANTEE The charity is a company limited by guarnntee 2nd has no share capital. The liability of each member in the event of winding up is limited to £1. DONATIONS AND LEGACIES Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 DONATIONS Donations 8.000 8,000 84.000 84,000 INVESTMENT INCOME Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Rental income Other interest receivable 70,243 70,243 78,627 78,627 70,249 70,249 78,636 78,636
ELLADOR LIMITED COMPANY LIMITED BY GUARAIYTEE NOTES TO THE FINANCIAL STATEMENTS (COlined) YEAR EIYDED 31 MARCH 2025 INVESTMENT MANAGEMENT COSTS Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Property expenses 950 950 909 909 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations paid Support costs 58,636 2,887 58.636 2.887 66,041 2,879 66,041 2,879 68,920 61,523 61,523 68.920 All grants were paid to institutions in support of the relief of poverty, the advancement of health, the advancement of Jewish religion and the advancement of Jewish religious education. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Grant funding Total funds of activities Support costs 2025 Total fund 2024 Donations paid Governance costs 58,636 58,636 2,887 61,523 66,041 2,879 2,887 2,887 58,636 68,920 10. NET GAINS ON INVESTMENTS Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Gains/(losses) on other investment assets 57,077 57,077 11. INDEPENDENT EXAMINATION FEES 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial statements 2,160 2,160 12. STAFF COSTS The average head count of employees during the year was Nil (2024: Nil). No employee rec¢ived employee benefits of Tnore than £60,000 during the year (2024: Nil).
ELLADOR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINAIYCIAL STATEMENTS (conlinued) YEAR ENDED 31 MARCH 2025 13. TRUSTEE REMUNERATION AND EXPENSES No salaries or wages have been paid to trustees during the year. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity. 14. INVESTMENTS Investment properties Cost or valuation At l April 2024 Additions Fair value movements 1,167,923 57.077 At 31 March 2025 1225,000 Impairnient At l April 2024 and 31 March 2025 Carrying amount At 31 March 2025 1,225,000 1,167,923 At 31 March 2024 All investments shown above are held at valuation. Investment properties The charity's investment properties were valued by the trustees &$ at 31 March 2025 on the basis of market value. The historic cost of the charity's investment property is £1,167,923 (2024: £1,167,923). 15. DEBTORS 2025 2024 Trade debtors 8,250 16. CREDITORS: amounts falling due within one year 2025 2024 Accruals and deferred income Other creditors 2,160 307,259 309.419 2,160 319,633 321,793
ELLADOR LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS ( coniinued) YEAR ENDED 31 MARCH 2025 17. ANALYSIS OF CHARITABLE FUNDS Unrestricted funds At l April 2024 At Gains and 31 March losses 2025 Income Expenditure General funds 854,040 78,249 (62,473) 57,077 926,893 At l April 2023 At 31 March 2024 Gains and losses Income Expenditure General funds 761,233 162.636 (69,829) 854,040 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Total Funds Funds 2025 Investments Current assets Creditors less than l year Net assets 1,225,000 1,225,000 23,687 23,687 (321,794) (321,794) 926,893 926,893 Unrestricted Total Funds Funds 2024 Investments Current assets Creditors less than l year Net assets 1,167,923 1.167,923 7,910 7,910 (321,793) (321,793) 854,040 854,040 19. RELATED PARTIES Included in donations received is an amount of £8,000 (2024: £84,000) from companies which have connections with this entity, through its board. Included in other creditors is an amount of £197,442 (2024: £209,816) due to a company which h&$ connections with this entity, through its board. io-