COMPANY REGISTRATION NUMBER: 02148406 CHARITY REGISTRATION NUMBER: 0297369 ROALUF LIMITED COMPAIYY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 31 TrLiRCH 2024
ROALUF LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PAGE Trnstees, annual report (incorporating the directols report) Indq)endent examinegs report to the IrSt¢eS Statcmcnt of financial activities (including income and expendiNre account) ststement of financial position Notes to the financial statements
ROALUF LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIREcfoR'S REPORT) YEAR ENDED 31 MARCH 2024 The tste¢S. who are a150 th¢ directors for the purposes of company law. present their report ond the unaudited financial statements of the charity for the y¢ar ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name ChArity regl8tr8lloD number Company registrAtion nutnber 02148406 Principal offfice 8nd registered 7 Colroy Court office 127 Bridge Lane NWII 9LL London Roaluf Limited 0297369 The Tru8¢ee8 Mr S Lufti8 Mrs R Luftig Mr l Luftig Mrs Rachel Luftig David Goldber& FCA DChA New Burlin8ton House 1075 Finchl¢y Road London NWI I OPU CompAny Secrethry Ind¢pendent Examlner STRUCTURE, GOVERNANCE AND MANAGEMENT Th¢ Charity is constituted a5 a Company Limited by guarantee, and is therefore governed by its Memorandum and Articles of Association. Th¢ day-tovday affairs of the Charity are administ¢r¢d by the council of Trustees. None of th¢ Trustees who are also the Director5 have any beneficial int¢rest in the Company, li is not currently the intention of the Trustees of the Charity lo 8ppoinl new Trustees. Should ihe situation chan8e in the future, the Trustees will apply suitable rccruitment training and procedures. OBJECTIVES AND A1VITIEs The Charity's object and its principal activity continues to be that providing grants for the enhancement of education and religion and for the relief of pov¢rty. The Charity receives income mainly from its property inv¢5tments which it ulilis¢s in the provision and distribution of grants and donations. The Truste¢s confirni that they have r¢f¢rr¢d to the guidanc¢ contAined in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning futhre activities and setting the grant making policy for the year.
ROALUF LIMITED COMPA1 LIMtTED BY GUARANTEE TRUSTKES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued) YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AM) PERFORMANCE During the year th¢ Charity continued its philanthropic activities in support of reli8ious, education and other charitabl¢ instilulions and. aggregate donations in the sum of £39,014 (2023: £30.240) were paid in the year to 31 March 2024. The finanoial sUlts of th¢ Charity's a¢tiviti¢s for the year ended 31 March 2024 ar¢ fully reflected in the attached Financial Ststements together with the Notes thereon. FINANCIAL REVJEW Reserve Poll¢y It is the policy of the charity to maintain unrestricted funds. at 8 level which ihe Trustees think appropriale, after considering the future commitments of the Charity and the likely costs of the Charity for the next year. As at 31 March 2024 the Chwity h&$ tot&1 funds of £270,253, all of which are free rcs¢rv¢s, Grnnt mYdklDg policy Granis are made to charitable inslitutions and organisations whiGh a¢cord with th¢ objects of the Charity. Investment Powers and Policy and ObJeetlve9 Und¢r the Memorandum and Articles of Association, th¢ charity has the pow¢r to make any inve$tsnent. which the Truste¢s see fit. Th¢ Trustees re8ularly review the Charity's FX)Sition and need5 in respect of the investment polioy. Risk Management The Trustees have identified and reviewed the major risks to which the Charity is exposed. in particular those related to th¢ op¢r8tions and financ¢ of Ihe Charity, and are s8tisfi¢d that systems are in place to manage those risks. PLANS FOR FUTURE PEIUODS The Trustees plan to continue to make distributions in Accordance with th¢ir grant making policy and to ensure that an appropriats level of reserves is mainiained. SMALL COMPANY PROVISIONS This report has been prepared in aOrdanCe with the provisions applicabl¢ lo companies entitled to the small companies ¢x¢mptiort. The trustees, annual report wa5 approved on 22 Nov¢mber 2024 and si8n¢d on behalf of the board of trustees by: MR S LUFTIG Trustee
ROALUF LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROALUF LIMITED YEAR ENDED 31 MARCH 2024 I report to the trustees on my examination of the financial statements of Roaluf Limited ('the charity) for the year ended 31 March 2024. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the company (and also its directors for the purposes of company law) you are responsible for Ih¢ preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Hv4ving sali5fi¢d mys¢lf that the accounts of the company 8r¢ not required to be audited under Part 16 of the 2006 Act and are eligible for independent ¢xamination, I report in respect of my examination of the 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 ihe Directions given by th¢ Charity Cotntnission under s¢ction 145(5)(b) of the 2011 Act. INDEPENDENT EK4MINER'S STATEMENT I have compl¢l¢d my exAmination. I confirni that no matters have come to my attention in connection with the examination givirt8 me cause to believe.. accounting ordS were not kept in resp¢¢t of the charity as required by section 386 of ihe 2006 Acl. or the financial statements do not accord with those records. or the financial statements 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 fail view which is not a matter consid¢rod &5 part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recomm¢nd¢d Practice for accounting and reportin8 by charities appli¢8ble to charitics preparing their accounts in accordgnce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no ¢on¢¢rns and have come across no other matters in connection with the examination to which attention should be drawn in this rew)rt in order to enable a proper understanding of the accounts to be reached. DAV LDBERG, FCA DCIL4 ¢nd¢ni Examiner New Burlington Hou5¢ 1075 Finchley Road London NWI I OPU 22 November 2024
ROALUF LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES ONCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 2024 Unr¢strioted nds Totsl funds Tolal fund5 2023 Not¢ INCOME AND ENDOWMENts Inve5tfflent income 35,500 35,500 35,500 35500 35,439 35,439 TOTAL INCOME EXPENDITURE Expenditure on charitable activiti¢s TOTAL EXPENDITURE (39,293) (39,293) (39,293} (39,293} (30,480) (30,480) ET (EXPENDrruRF.)IINCOME AND NET MOVEMENT IN FUNDS (3,793) (3,793) 4,959 RECONCIL]ATION OF FUNDS Tolal fuDd$ brought forward TOTAL FtrNDS CARRIED FORWARD 274.046 270.253 274,046 270?53 269,087 274.046 The sthtement of financial aoliviti¢s includes all gains And losses reco8nised in th¢ y¢4r. All income and expenditure d¢riv¢ from continuin8 aetivities. The notes oth pages 6 to 11 form part of thes¢ fltlantial ststemetsts.
ROALUF LIMITED COMPANY LIMITED BY GUARAIYTEE STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 Note FIXED ASSETS Investments li 275,000 275,000 CURREiYf ASSETS Cash at bank and in hand 11,066 14,859 cREDORS. amount5 falllng due withiD one year 12 (15013) (15.813) {954) 274,046 274,046 NET CURRENT LIABtLITtES (4,747) 270.253 TOTAL ASSETS LESS CURRENT LIABtLfriES NET ASSETS 270253 FUNDS OF THE CHARITY Unrestricted funds 270,253 270,253 274,046 274.046 TOTAL CHARITY FifNDS 13 For the year ending 31 March 2024 the charity was entitled to ex¢mption from audit under se¢lion 477 of the Compani¢5 Act 2006 relating to small companies. Directors, responsibilities: The members hav¢ not required the company to obtain an audit of its financial siatements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for ¢omplyin8 With the requir¢m¢nts of the Act with respect to a¢¢ounting records and the preparation of financial statements. These financial $14t¢menis have been prepared in accordanc¢ with the provisions applicable to companies subject lo the small compani¢s' rcgime. These finan¢i&l statements were approved by the board of trustees and authorised for issu¢ on 22 November 2024. and are signed on behalf of the board by.. MR S Lu[G Trustee The notss on PAges 6 to 11 form part of these finAN¢i*l gtatement
ROALUF LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCiAL STATEMEIYTS YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION 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 register¢d office is 7 Colroy Court 127 Bridge Lane, NW I19LL, London. STATEMENT OF COMPLIANCE These financial statements have been pr¢pared in compliance with FRS 102. The Financial Reportin8 Standard applicable in the UK and the Republio of Ireland,. the Statement of Recommended Practice applicable to ¢h&rities preparing their accounls in accordance with the Financial R¢porting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. ACCOUNTING POLICIES Bas18 of pr¢pArAtIo The financial statements have been prepared on the hislorical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements ar¢ pr¢p8red in sterling, which is lh¢ functional currency of the entity. Golng concern There are no ma¢¢rial uncertainlies about the charity's ability to continue. Judg¢ments And key 8ourees ofestlmatlon UD¢ertxlnty The preparation of Ihe financial statements requires mana8¢m¢nt to make judgements, estimates and assumplions that affeci the amounts reported. These estimates and judgements are ontinually reviewed and are based on exp¢rience and oth¢r factors. including Cxpeclations of future events that are believed io be reasonable under the circumstances. Judgem¢nls made by the directors in the applicalion of these a¢counting policies that have significant effect on the financial ststemenls and estimates with a 5ignifi¢ant risk of maierial adjustmenl in the next year are a5 follows.. Propffj valuation The valuation of the charity's investment properties is inherently subjective, depending on m&ny factors, including the individual nature of emch property, its location and exp¢cted future net rental values, market yi¢lds and comparable market transactions. Therefore the valuations are subject to a d¢gree of uncertainty and are made oil the basis of assumption5 which may not prove to be accurat¢. particularly in periods of difficult mark¢t or economic conditions.
ROALUF LIiiirfED COMPANY LIMITED BY GUAIL4NTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POIJCIKS (cmvM¢d) Fund accounting General unrestricted fund5 comprise the accumulated su4)lus 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 ndS subject to specific restricted conditions imposed by donors. 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 Balance Sheei date. In¢omlng resources All income is included in the statement of financial activities when cntitl¢ment has passed to the charity, il is probable that the economic benefits &ssocialed with Ihe tronsaction will flow lo th¢ harity and th¢ amount can be reliably measured. Income from donations or grants is recognised wh¢n there is evidence of entitlement to ihe gift. receipt is probable, and its amount can be measud r¢liably. Re80urceJ expended Expenditure is recognised on an accruals basis 85 a liability is incutTed. Expenditure includ¢s any VAT which ¢annot be fully recover¢d, and is classified under headings of the staiemeni of financial activities to which it relates: Expenditur¢ on Gharitable activities includes all costs incuTrcd by a charity in undertaking activities thai further its charitable aims for the benefit of its ben¢fici#ries, inLluding those support ¢OSts Bnd costs relr¢tin8 to th¢ governance of lh¢ charity apportioned to charitable activities. Chorltable actlvltles Grants payable are charged to the stat¢ment of financial activities once the charity has made a commitment to p&y the grant and this h4$ been communicated ¢0 tl)e beneficiary or the gTant has been paid, whichever is earlier. Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair vglue. If fair value cannot be reliably measured, assets are M¢aSud at cost less impaimient. Listed investments are meaSUd at fair value with changes in fair value being r¢cognised in in¢om¢ or expenditure. Investmenl property Investment Properties are included at trustees, valualion as at the Balanc¢ sh¢¢¢ date. Any reali5ed or unrealised gains or loss¢s are tsken to the statements of financial activities.
ROALUF LIMITED COMPATr4Y LIMITED BY GUARANfEE NOTES TO THE FINANCIAL STATEMEIYTS (coKdhued) YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES {cottrtn¥) Financial inslruments A financial asset or a financial liability is rwognised only when the entity b¢¢omes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivabl¢ or payable including any related transaction costs, unless the arrangement constitutes & financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. CuTrent assets and current liabilities ar¢ subsequently measur¢d at the cash or other consideration ¢xpected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. LIMITED BY GUARANfEE The Charity is a Company limited by guarantee and ha5 no share capital. The liability of each m¢mber in the event of winding up is limited to £1. INVESTMEIYT tNCOME Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Income from investm¢nl properties 35,500 3sIK1 35,439 35,439 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Total Funds Unrestriclcd Total Funds Funds 2024 Funds 2023 Grants Support costs 39,014 279 39,014 279 30.240 240 30.240 240 39,293 39393 30,480 30,480
ROALUF LIMITED COMPANY LIMITED BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS <111¢9 YEAR ENDED 31 MARCH 2024 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Activities undertaken directly Support costs Total funds 2024 Totsi fund 2023 Grants Governance costs 39,014 39,014 279 30.240 240 279 39.014 279 39293 30.480 The composition of donations is shown below: Bais Malka Ltd Chassidei Elelz Manchester atesh¢od Talmudi¢al Coll¢g¢ MAnor Drive Torah Keren Limited Y¢shivah L'zeirim Manchester Charity Trust Donations under £2,000 4,000 3.600 4.000 5,060 3.600 18,754 39,014 Totsl Grants were made for the advancement of Jewish religion and education, and for the prevention or relief of poverty. INDEPENDENT ExA[uATION FEES 2024 2023 Fee5 Payable to the independent examiner for., Independent examination of the financial stat¢m¢nt$ 180 180 STAFF COSTS No salaries or employee b¢n¢fits w¢r¢ paid during the year (2023: £Nil) 10. TRUSTEE RE1UNERATIoN AND EXPEPISES No remuneration or other benefits from employment with the charity or a r¢lat¢d entity were receiv¢d by ihe trustees. The charity did not m¢¢t any expenses incurred by the trust for services provided to the Charity (2023: £Nil)
ROALUF LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENfs (COnfflttMed) YEAR ENDED 31 MARCH 2024 11. INVESTMENTS Illvestment properti Cost or Valuation At l Aprll 2023 and 31 March 2024 ImpAiment Al l Aprll 2023 and 31 March 2024 Carrylng amount At 31 March 2024 275.000 275,000 275,000 At 31 March 2023 All investments shown above are held at valuation. Investment properties The investment properties are stated at Trustees, valuation as at 31 Morch 2024. The histori¢al cost of the properties at 31 March 2024 is £105,860. 12. CREDITORS: Amounts falllng due witknln one year 2024 2023 Trade creditors Accruals and deferred incom¢ Director108n accounts 11033 180 3.800 15013 11,833 180 3.800 15.813 13. ANALYSIS OF CHARITABLE FUNDS Unreslritted fund8 At At 31 M4r¢h 2024 2023 Income Expendire General fund5 274,046 35,500 (39,293) 270253 At l April 2022 At 31 March 2023 Income Expenditure General funds 269,087 35,439 (30.480) 274,046 io
ROALUF LIIVllTED COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEwfs YEAR ENDED 31 MARCH 2024 14. ATr4ALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Totsl Funds Funds 2024 Inv¢stments Current Ass¢ts Creditors less than l year Net assets 275,000 11,066 (15.813) 270,253 275,000 11,066 (15013) 270253 Unrestricted Total Funds Funds 2023 Jnveslm¢nts Current assets Credilors l¢ss thAn l year Nel A85ets 275.000 14.859 (15.$13) 274.046 275,000 14,859 <15.813) 274,046 IS. REIATEI) PARTIES Included in oth¢r creditor5 is £3,800 owed to the trustees of the chority. li