COMPANY REGISTRATION NUMBER: 0803787
CHARITY REGISTRATION NUMBER: 312740
North London Charities Limited
Company Limited by Guarantee
Financial Statements
31 March 2024
GK
Chartered accountants & statutory auditor
Hallswelle House
1 Hallswelle Road
London
England
NW11 ODH

North London Charities Limited
Company Limited by Guarantee
Financlal Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independent auditorfs report to the members
Statement of financial activities (including income and
expenditure account)
Statement of financial position
10
Statement of cash flows
11
Notes to the financial statements
12
The following pages do not form part of the financlal statements
Detailed statement of financial activities
22
Notes to the detailed statement of financial activities
23

North London Charities Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, vtho are also the directors for the purposes of company law. present their report and the
financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name
North London Charities Limited
Charfty reglstration number
312740
Company reglstratlon number 0803787
Prlnclpal office and r•glstered Hallswelle House
offlce
1 Hallswelle Road
London
NW11 ODH
The trustees
Mrs S Friedman
Mrs D. Feldman
Mr S. Feldman
Company secretary
Mrs D Feldman
Auditor
GK & Co. LLP
Chartered accountants & statutory auditor
Hallswelle House
1 Hallswelle Road
London
England
NW11 ODH
Structure. governance and management
In light of current economic conditions the governors consider it prudent to continue their existing
investment policy. such policy being the investment of surplus funds on the money market.

North London Charities Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2024
Objectlves and activities
The companys principal activity during the year continued to be the distribution of its income to
charities.
The principal activities of the companys subsidiary undertakings continues to be propety trading and
management.
The objects of the charity are to advance religion in accordance with Orthodox Jewish Faith and to
support other charitable activities as are recognised by English law as charitable.
In furtheran￿ of its objects the charity continued to advance and donate money and support other
charities wtth objects similar to those detailed above.
The charity is organised so that the Governors meet regularly to manage its affairs. There are no paid
employees and all administration work is carried out on a voluntary basis by the Governors.
INVESTMENT POLICY
The memorandum & articles authorise the governors to make and hold investments.
In light of current economic conditions the governors consider it prudent to continue their existing
investment policy.
The governors Consider it prudent to retain sufficient free reserves to be able to meet any expenditure
regarding future charitable commitments over the forthcoming year.
Strategic report
The following sections for achievements and performance and financial review form the strategic
report of the charity.
Achlevements and performance
The results of these activities during the year are reflected in the attached accounts.

North London Charities Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Director's Report) (ct>ntinu•d)
Year ended 31 March 2024
Financial review
The financial position is as reflected in the attached Balance Sheet. The retained distributable reserves
are in line with the level considered desirable by the Governors in accordance with their Reserve
Policy.
RISK MANAGEMENT
The Govemors have assessed the major risks to which the charity is exposed and are satisfied that
systems are in place to mitigate such risks.
PUBLIC BENEFIT
The governors have considered the guidance published by the Charity Comnmission and believe that
the charity in carrying out its objectives. fully complies with these requirements. In particular the
provision of funding for education in accordance with the principles of traditional Judaism and the
support of associaled communal charitable institutions such as s￿agOgueS and homes for the elderly
and infirm automatically gives rise to a public benefit. Each year the governors review the objectives
and activities of the charity to ensure that they continue to reflect these aims. In carrying out this review
the governors have considered the Charity Commission's gener81 guidance on public benefit and in
particular its supplementary public guidance on the advancement of religion for the public benefit.
FUNDING
The charity does not partake in external funding activities. Funds are derived on an annual basis from
investment and from its subsidiary companies.
Plans for future periods
The governors, objectives for the future are to continue to carry out the activities as detsiled in their
repjrt.
Trustoes. responsibilities statemènt
The trustees, who are also directors for the purposes of company law, are responsible for preparing
the trustees. report and the financial ststements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity truslees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure. for that period.

North London Charities Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) {contlnued)
Year ended 31 March 2024
In preparing these financial statements. the trustees are required to:
select suitable accounting policies and then apply them consistentl
observe the methods and principles in the applicable Charities SORP..
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Slandards have been follo%ved. subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitYs transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial ststemenls comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
so far as they are aware. there is no relevant audit information of which the chariivs auditor is
unaware" and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charitys auditor is aware of that
information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies
Act 2006.
The trustees, annual report and the strategic report were approved on 21 January 2025 and signed on
behalf of the board of trustees by:
Mr S. Feldman
Trustee
Mrs D Feldman
Charity Secretary

North London Charities Limited
Company Llmitod by Guarante8
Independent Auditorfs Report to the Members of North London Charities
Limited
Year ended 31 March 2024
Opinion
We have audited the financial statements of North London Charities Limited (Ihe 'charity) for the year
ended 31 March 2024 which comprise the statement of financial activities (including income and
expenditure account). statement of financial position. statement of cash flows and the related notes,
induding a summary of signrficant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, induding FRS
102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial stalements..
give a true and fair view of the state of the chariws affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure. for the
year then ended..
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,.
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnion
We conducted our audit in accordance with International Stsndards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilits'es under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordan¢e with the ethical requirements that are relevant to our audit of the financial
Statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast signrficant doubt on the chariws ability to
continue as a going con￿rn for a period of at least twelve months from when the financial statements
are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.

North London Charities Limited
Company Limited by Guarantee
Independent Auditor's Report to the Members of North London Charlties
Limited (MntlnU￿j
Year ended 31 March 2024
Other Information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly ststed in our report, we do not express any form of assurance conclusion thereon.
In Connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
financial ststements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements. we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other information. Ef. based on the work we have performed. we conclude
that there is a material misstatement of this other infomiation, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters pr•scrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report for the financial year for which the financial
statements are prepared is consist8nt with the financial statements; and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to roport by exception
In the light of the knowtedge and understanding of the charity and its environment obtained in the
course of the audit, we have not identrfied material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if. in our opinion-
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us; or
the financial statements are not in agreemenl with the accounting records and returns" or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

North London Charities Limited
Company Limited by Guarantee
Independent Auditorfs Report to the Members of North London Charities
Llmited (continued)
Year ended 31 March 2024
Responsibilities of trusteès
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
slatements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free from
material misstatement. whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the chariws ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditor's rosponslbllltles for the audit of tho financlal statements
Our objectives are to obtain ￿aSonable assurance about whether the financial ststements as a Ithole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS (UK) will always detect a material misststement when it
exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the
aggregate. they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities. including fraud, are InStan￿S of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our prO￿dureS are capable of detecting
irregularities, including fraud is detailed below-
Procedures were in place to ensure the audit was capable of detecting irregularities, including fraud.
As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements. whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error.
as fraud may involve collusion. forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.

North London Charities Limited
Company Llmited by Guarantee
Independent Audltor's Report to the Members of North London Charities
Limited (continued)
Year ended 31 March 2024
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or Conditions that may cast significant doubt on the charivs ability to continue as a going
concern, If we Conclude that a material uncertainty exists, we are required to draw attention in our
auditor's report to the related disclosures in the financial statements or, rf such disclosures are
inadequate, to modify our opinion. Our condusions are based on the audit evidence obtained up
to the date of our auditor's report. However, future events or conditions may cause the charity to
cease to continue as a going ￿nCern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters. the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identrfy during our audit.
Use of our report
This report is made solely to the charity's members. as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the charitys
members those matters we are required to state to them in an auditor's report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone
other than the charity and the charivs members as a body, for our audit work, for this report. or for the
opinions we have formed.
Dr P.P.Smulovitch (Senior Statutory Auditor)
For and on behalf of
GK &Co. LLP
Chartered accountants & statutory auditor
Hallswelle House
1 Hallswelle Road
London
England
NW11 ODH
21 January 2025

North London Charities Limited
Company Limited by Guarantee
Statement of Flnancial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Unrestricted
funds Total funds Total funds
2023
Nota
Income and endowments
Donations and legacies
Investment income
510.059
91.853
510,059
91,853
601,912
159,108
118,341
Total income
601.912
277,449
Expendlture
Expenditure on charitable activities
Total expenditure
94,564
94,564
94,S64
94,564
145,901
145,901
Net Income
507,348
507,348
131,548
Other recognlsed gains and losses
Gains from revaluation of fixed assets
5,850
513,198
5,850
513,198
Net movement In funds
131,548
ReGonGiliation of funds
Total funds brought forward
Total funds carrled forward
464,705
977,903
464,705
333,157
464.705
977,903
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 12 to 20 form part of thaso Ilnanclal statements.

North London Charities Limited
Company Limited by Guarantee
Statement of Financlal Position
31 March 2024
2024
2023
Flxed assets
Tangible fixed assets
Investments
11
12
11,027,390 11,027,390
6,056
206
11.033.446 11.027,596
Current assets
Debtors
Cash at bank and in hand
13
351,326
163,199
350,962
104,128
514,525
455.090
Credttors: amounts falling du• wlthln one year
Net current assets
14
32.560
30,473
481,965
424,617
11,515,411 11,452,213
Total assets less current liabilities
Creditors: amounts falllng due after mora than
one year
15
10,537,508 10,987.508
977.903
464.705
Net assets
Funds of the charlty
Unrestricted funds:
Revaluation reserve
Other unrestricted income funds
5,850
972,053
977,903
464,705
Total unrestricted funds
464,705
Total charity funds
16
977,903
464,705
These financial statements were approved by the board of trustees and authorised for issue on 21
January 2025, and are signed on behalf of the board by:
Mr S. Feldman
Trustee
The notes on pages 12 to 20 form part of these financlal statements.
10-

North London Charities Limited
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activitlos
Net income
507,348
131,548
Adjustments for..
Dividends, interest and rents from investments
Other interest receivable and similar income
Interest payable and similar charges
(2,707)
{2.578)
(89,146) (115.763)
96
103
Changes in."
Trade and other debtors
Trade and other creditors
(364)
2,087
417,314
(51.267)
(15.605)
(53,562)
Cash generated from operations
Interest paid
Interest received
(96)
89,146
506,364
(103)
115,763
Net cash from operating activities
62,098
Cash flows from investlng activities
Dividends, interest and rents from investments
Net cash from investing activities
2,707
2,707
2,578
2.578
Cash flows from financing activities
Proceeds from loans from group undertakings
Net cash used in financing activities
(11.037.508)
(11.037.508)
Net Increasel(decrease) In cash and ¢a$h oqulvalents
Cash and cash equivalents at beginning of year
Cash and cash aqulvalents at end of year
509,071 (10,972,832)
104,128
89,452
613,199 (10.883,380)
The not•8 on pages 12 to 20 form part of theso flnanclal 8tatemonts.
11

North London Charities Limited
Company Limited by Guarantee
Notes to the Financial Statements
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 registered
office is HaIlSv￿lIe House. 1 Hallswelle Road, London. NW11 ODH.
ststement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and 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.
Accountlng policies
Basis of preparatlon
The financial statements have been prepared on the historical 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 ststements are prepared in sterling, which is the functional currency of the entty.
Golng concern
There are no material uncertainties about the charitys ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to Tnake judgements,
estimates and assumptions that affect the amounts reported. These estitnates and judgements
are continually reviewed and are based on experien￿ 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
chariws purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure dedared by the donor or
through the terms of an appeal. and fall into one of two sub-classes: restricted income funds or
endowment funds.
12-

North London Charities Limited
Company Limited by Guarantee
Notes to the Financlal Statements (contlnuod)
Year ended 31 March 2024
Accountlng policies {contlniMd)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity. it is probable that the economic benefits associated with the transaction will
flow to the charty and the amount can be reliably measured. The following specrfic policies are
applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift. receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received rf the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of seniices is recognised with the delivery of the
contracted servi￿. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expend
Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classrfied under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events. non-
charitable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries. including those
support costs and costs relating to the govemance of the charity apportioned lo charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
Charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable. justifiable and consistsnt basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently ststed at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
a￿uMUlated depreciation and subsequent accumulated impairment losses.
13-

North London Charities Limited
Company Llmited by Guarantee
Notes to the Financlal Statements {¢ontinued)
Year ended 31 March 2024
Accounting pollcies (contlnued)
Tanglble assets {continued)
An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses. unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an assel as a result of revaluation. is recognised in other recognised gains and losses,
except to which il offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Investments
Unlisted equity investments are initially rewrded at cost. and subsequenlly measured at fair
value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with Changes in fair value being recognised in
income or expenditure.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially
recorded at the transaction pri￿. At each reporting date, the investments are measured at fair
value. with changes in fair value taken through income or expenditure. Where it is impracticable
to measure fair value reliably without undue cost or effort. the cost model will be adopted.
Dividends and other distributions re￿iVed from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acquisition.
Investments In joint venturès
Investments in jointly controlled entities accounted for in accordance wilh the cost model are
recorded at cost less any accumulated impairment losses.
Investtnents in jointly controlled entities accounted for in accordance with the fair value model are
initially recorded at the transaction price. At each reporting date. the investments are measured at
fair value, with changes in fair value taken through income or expenditure. Where it is
impracticable to measure fair value reliably without undue cost or effort. the cost model will be
adopted.
Dividends and other distributions received from the investment are ￿CogniSed as income without
regard to whether the distributions are from accumulated profits of the joint venture arising before
or after the date of acquisition.
Impairment of flxed assots
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where Such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
14-

North London Charities Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accountlng policies (continued)
Impairnient of fixed assets (continued)
For the purposes of impaimient testing, when it is not possible to estimate the recoverable
amount of an individual asset, an eslimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash infiows that largely independent of the
cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charÈty
are assigned to Ihose units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount re￿1vable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publidy traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments. including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond nomal business terms or financed at a rate of interest
that is not a market rate. in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value. with any changes
recognised in the statement of financial activities, with the ex￿ptIOn of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance. and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
15-

North London Charities Limited
Company Limited by Guarantee
Notes to the Financlal Statements (continu8dJ
Year ended 31 March 2024
Limited by guarantee
The charity is a limited company, limrted by guarantee and accordingly has no share capital.
Donations and legaci•s
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Donations
Donations received
510,059
510,059
159,108
159,108
Investment Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Income from listed investments
Rents receivable & seniice charge
income
2.707
2.707
2,578
2,578
89.146
89,146
91.853
115,763
115.763
91.853
118.341
118,341
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations made
Property outgoings
Support costs
51.480
33,930
9,154
51,480
33,930
9.154
97,440
35,800
12,661
145,901
97.440
35.800
12.661
94,564
145.901
Expenditure on charitable actrvities by actlvSty type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Donations made
Propety outgoings
Governance costs
51,480
33,930
51.480
33,930
9,154
94.564
97,440
35,800
12,661
145,901
9,154
9,154
85,410
Net income
Net income is stated after chargingl(crediting):
2024
2023
Fees payable for the audit of the financial statements
7,800
9,000
16-

North London Charities Limited
Company Limited by Guarantee
Notes to the Financial Statements (condnu•d)
Year ended 31 March 2024
10. Trustee ramuneratlon and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees.
11. Tanglble flxed assets
Investm•nt
Proporty
Cost
At 1 April 2023 and 31 March 2024
Depreciation
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
11,027,390
11.027.390
At 31 March 2023
11,027,390
12. Investments
Listed
Snvestm•nts
Cost or valuation
At 1 April 2023
Additions
Revaluations
206
5,850
6,056
At 31 March 2024
Impairment
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
6,056
206
At 31 March 2023
All investments shown above are held at valuation.
Flnancial assets held at falr value
The listed investments of the company are shown at a fair value as given by the charitys
trustees.
17-

North London Charities Limited
Company Limited by Guarantee
Notes to the Financial Statements (contsnued)
Year ended 31 March 2024
12. Investments (continued)
UK group undertaking
Vitalina Igerville
Lld
England
Housefresh
Ltd
Ltd
Country of incorporatlon
England
England
Class and number of shares heldordinary Ordinary
100£1
Ordinary
4£1
100£1
Proportion of shares held
Cost of shares
£100
£4
Capital and resorvos
£85,758
£7,511
£(704)
Net profit for the year
before payment to NLC
£25,844
£24,215
£(708)
Deed of Covenant payment
to NLC
£25,844
£24,215
13. Debtors
2024
2023
Other debtors
351,326
350.962
14. Creditors: amounts falling due within one year
2024
2023
Other creditors
32,560
30.473
15. Craditors: amounts falling due after more than one year
2024
2023
Amounts owed to undertakings in which the charity has a
participating interest
10,537.508 10,987,508
18-

North London Charities Limited
Company Limited by Guarantee
Notes to the Financial Statements {¢ontlnu•d)
Year ended 31 March 2024
16. Analysls of charitable funds
Unrestricted funds
At
Gains and31 March 202
losses
At
1 April 2023
Income Expenditure
Income and expenditure
account
Revaluation reserve
464.705
601.912
(94,564)
972,053
5,850
5.850
464,705
601.912
(94,564)
5.850
977,903
At
Gains and 31 March 202
losses
At
1 April 2022
Income Expenditure
Income and expenditure
account
Revaluation reserve
333.157
277.449
{145.g01)
464,705
333,157
277.449
(145,901)
464,705
17. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assets
11,027,390 11.027,390
6.056
6,056
514.525
514,525
{10,570,068) (10,570,068)
977,903
977,903
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assèts
11,027,390 11,027,390
206
206
455,090
455,090
(11,017,981) (11,017,981)
464,705
464,705
19-

North London Charities Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnuodj
Year ended 31 March 2024
18. Analysls of changos in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
Debt due after one year
104,128
(10.987,508)
(10.883,380)
59.071
163,199
450.000 {10,537,508)
509.071 {10,374,309)
19. Related partie8
Grants to institutions include the following donations to charities where the Truslees are family
members with the Trustees in this charity: Entwood Charities Ltd £O{2023: £5,000), Ahavath
Chesed Charitable Association Ltd £0 (2023: £20,000). YHF Trust £6.000 (2023:
£3,000)Millbrook Charities £12,000 (2023 .' £0).
Included in Other debtors, is £295,176 (2023: £206,394) due from charity subsidiary companies
under control of the trustees andlor their families. These loans are interest free and repayable on
demand. Also included in other debtors are concessionary loans of £33.000 (2023: £33.000) due
from Ahavath Chesed Charitable Association Ltd, a charity who Trustees andlor families are
connected with the Trustees of this charity.
Included in credÉtors falling due within one year, indude loans of £10,537,508 (2023:
£10.987,508) due to a company under the control of the Trustees andlor their families. These
loans are interest free and repayable on demand.
-20-

North London Charities Limited
Company Limited by Guarantee
Management Infonnatlon
Year endod 31 March 2024
The following pages do not forni part of the financial statements.
21

North London Charities Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Income and endowments
Donations and legacies
Donations recetved
510,059
159.108
Investment Income
Income from listed investments
Rents re￿1vable & service charge income
2,707
89,146
91,853
2.578
115.763
118,341
Total income
601,912
277,449
Expenditure
Expenditure on charltable activities
Donations
Light and heat
Insurance
Legal and professional fees
Other interest payable and similar charges
51,480
14,478
19,452
9,058
96
97,440
16,769
19,031
12,558
103
94,564
145,901
Total expenditure
94,564
145,901
Net income
507.348
131,548
-22-

North London Charities Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Actlvities
Year ended 31 March 2024
2024
2023
Expenditure on charitable actlvities
Donations made
Activities undertaken dlre¢ty
Donations and grants
Activity type 2
Activities undertaken direcdy
Light & heat
Insurance
51,480
97,440
14,478
19,452
16,769
19,031
35,800
33,930
Governance costs
Govemance Costs - audtt fees
Governance costs - legal and other professional fees
Insurance
Governance costs - other finance costs
7,800
1,198
60
96
9,000
3.498
103
9,154
12,661
Expenditure on charitable activltles
94,564
145.901
-23-