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 (CO￿lin￿ed)
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-