COMPANY REGISTRATION NUMBER: N1057073 CHARITY REGISTRATION NUMBER: NIC101043 Atlas Memorial Limited Company Limited by Guarantee Unaudited Financial Statements 31 January 2025
Atlas Memorial Limited Company Limited by Guarantee Financial Statements Year ended 31 January 2025 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not forni part of the financial statements Detailed statement of financial activities 18 Notes to the detailed statement of financial activities 19
Atlas Memorial Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 January 2025 The trustees, who are also the directors for the purposes of cotnpany lilw, present their report and the unaudited financial statements of the charity for the year ended 31 January 2025. Reference and administrative details Registered charity name Charity registration number NICIOI 043 Company registration number N1057073 Principal office and registered The Ewart office 3 Bedford Square Belfast BT2 7EP Atlas Memorial Limited The trustees Berish Gro%$ 18rael Gross Joel Gross Abrtham Gross Company secretary Structure? governance and management The charity is constituted as a company limited by guarantee and as such, its governing document5 are its Memorandum and knicles of As8ociation. Beri8h Gross The organisation is run by the governors who are trustee%. Every trustee holds office for life or shall cease to hold office by virtue of Article 35 of the Articles of Association. None of the trustees have any beneficial interest in the company. This charity was set up to support the activities of organisations promoting and advancing Orthodox Judaism and during the year distributed grants totalling £960,000 (2024.. £1,081,000) in aid of such activities. The charity's wholly-owned subsidiary undertaking, Wharf Properties Limited, is engaged in property development and the trustees consider its results for the year ended 31 January 2025 to be satisfdctory.
Atlas Memorial Limited Company Limited by Guarantee Trustees, Annual Report Uncorporating the Director's Report) (contiiiued) Year ended 31 January 2025 Objectives and activities The objects of the charity are: i. the advancement and furtherance of the Jewish Religion and Jewish religious education and the alleviation of poverty among the Jewish Community throughout the world. ii. other charitable activities that the trustees may from time to time determine. Aims, objectives and activities for public benefit The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guiddnce on public benefjt when reviewing the Ch(lty'S aims and objectives and in planning future activities and setting the grant making policy for the year. This charity was set up to support the activities of religious Jewish organisations especially in the field of education. The trustees identify institutions and organisations which meet its crileria and regularly support a number of these institutions and organisations, which themselves <we growing worldwide. The charity is also supportive of organisations which are solely committed to the relief of poverty. Such organisations assist needy Jewish families financially and also through distribution of basic needs. The income of the charity is derived from investmentg and donations. The trustees continued their support of those organisations deemed to promote the objects of this charity.
Atlas Memorial Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢o*ttirtued) Year ended 31 January 2025 Achievements and performance During the year, the charity continued its activities and maintained its support of religious educational and other charitable institutions in the United Kingdom and abroad. Plans for future periods The charity plans continuing the activities outlined above in the forthcoming years subject to incoming resources being maintained at a satisfactory level. It is the trustees, aim to ensure future income stream by the acquisition of investments, the income of which will reduce its dependence on voluntary donations. Grant making policy The charity accepts applications for grants from representatives of various charities, which reviewed by the trustees on a regular basis. Investment powers and policy In accordance with the governing document, the charity has the power to make any investments, which the tru.8tees see fit. The trutstee.% regularly review the charity's position and needs in respect of the investmeni policy. Reserves policy The reserves of the charity are represented by the unrestricted funds. It 18 the policy of charity to maintdin unrestricted funds, which are the free reserves of the charity, at a level which the trustees Ihink appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year. Fixed Assets The movements in investments are fully reflected in note 10 to the financial statements. Investments The company owns IOOlo of the ordinary share capital of Wharf Properties Limited and 25 % of the ordinY share capital of Chester Beech Limited. These are a property development company and property investment company respectively, and both are incorporated in Great Britain and registered in England. The income and expendilure derived frotn these investments are reflected in Atlas Memorial Limited's finanLial statements. Financial review The charity receives income from it8 inveslments and from voluntary donations. The charity's incoming resources were £356,901 for the year (2024: £171,364). Small company provisions This report hab been prepared in accordance with the provision.8 applicable to companies entitled to the small companies exemption.
Adas Memorial Llmlted Company Limited by Guarantee Truste&s' A]mual Report (Incorporating the Director's Report) (¢•nÉiift) Year ended 31 January 2025 The trustees, annual report was approved on 24 October 2025 and signed on behalf of the board of trllsfres by: Joel Gross Truste¢
Atlas Memorial Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Atlas Memorial Limited Year ended 31 January 2025 I report to the trustees on my examination of the financial statements of Atlas Memorial Limited ('the charity,) for the Ye1 ended 31 January 2025. Responsibilities and basis of report As the trustee5 of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 21K)6 Act. ). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent exdmination. 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 re.%pect of my examination of the charAty's financial 8tatements as carried out under seclion 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern treland under section 65(9)(b) of the 2008 Act. Independent examiner's statement Since the Chlty,S gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), 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 my exdmination giving me cause to believe that in any material respeLt'. accounting records were not kept in respect of the charity a.s required by section 386 of the 2006 Act; 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 fair, view which is not a matter considered as part of an independent exainatIOn. or the financial statements hdve 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).
Atlas Memorial Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Atlas Memorial Limited (eonlinued) Year ended 31 January 2025 I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Mr Dov Harris FCA Independent Examiner Cohen Arnold New Builington House 1075 Finchley Road London NWI I OPU 24 October 2025
Atlas Memorial Limited Cornpany Limited by Guarantee Statement of Flnancial Activities (including income and expenditure account) Year ended 31 January 2025 2025 2024 Unrestricted funds Total funds Total funds Note Income and endowments Donations and legacies Investment income 200.000 156,901 200,000 156,901 356,901 200,0(M) (28,636) 171,364 Total income 356.901 Expenditure Expenditure on charitable activities Total expenditure 969,395 969,395 969,395 969,395 1,090,400 1,090,400 Net gains on investments (25,214) (25,214) (28,602) Net expenditure and net movement In funds (587,280) (587,280) (890,434) Reconciliatlon of funds Total funds brought forward Total funds carried forward 1,962,042 1,374,762 1,962,042 1,374,762 2,852,476 1,962.042 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aLtivities. The note5 on pages 9 to 16 form part oc these financial statements.
Atlas Memorial Limited Company Limited by Guarantee Statement of Financial Position 31 January 2025 2025 2024 Note Fixed assets Investments 13 571,392 546.178 Current assets Debtors Cash at bank aThd in hand 14 815,429 6,384 821,813 1,429.382 I,L87 1.430,569 Creditors: amounts falling due within one year Net current assets 15 18,443 14.705 803,370 1?74,762 1.415,864 Total assets less current liabilitles 1,962.042 Funds of the chartty Unrestticted funds 1,374,762 1,374,762 1.962,042 Total charlty funds 16 1,96?.04? For the year ending 31 January 2025 the charity was entiiled to exemption from audit undcr section 477 of the Companies Acl 2006 relating to small companies. Directors, responsibiliries: The member ha5 not required the company to ob(ain an audit of its financial statements for the year in question in accordance wilh seclion 476; The directors acknowledge their responbibilities for complying with the requiremenis of the Act WAth respect to accounting record5 and the preparation of financial statement8. These financial stafrmtnts have been prepared in accordance with the provisions applicable LO companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 24 October 2025, and Sied on behalf of the board by: Joel Gross Trnscee The notes on pages 9 to 16 form purt of these finani1l5tttteMents.
Atlas Memorial Limited Company Limited by Guarantee Notes to the Financial Statsments Year ended 31 January 2025 General information The charity is a public benefjt entity and a private company limited by guarantee, registered in Northern Irelaud and a registered charity in Northern Ireland. The address of the registered office is The Ewart, 3 Bedford Square, Belfast, B T2 7EP. Statement 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 Treland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been preped on the historical cost basis, as modified by the revaluation of certdin financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no Tnaterial uncertalnties about the charity's ability to continue. 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 lo 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. Judgements and key sources of estimation uncertalnty The prepardtion of the financial statements requires management to make j udgements, estimates and assumptions that affect the amounts reported. These estimates and judgement.s 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 earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to reslrictions on their expenditure declared by the donor or through the terms of an appeal, and fdll into one of two sub-classes: restricted income funds or endowment funds.
Atlas Memorial Limited Company Limited by Guarantee Notes to the Financial Statements (conted) Year ended 31 January 2025 Accounting policies fcontinued) Incoming resources All incoming resources e included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic benefits &is8ociated with the tran8action will flow to the charity and the amount can be relidbly measured. The following specific 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 service5 are recognised in the accounts when received if the value can be reliably measured. No amounts aTe included for the contribution of general volunteers. income from contracts for the Supply of services is recognised with the delivery of the contracted service. This is classifjed as unrestricted funds unless there is a contractual requirement for it to be 8pent on a particular purpose and returned if un8pent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any V AT which cannot be fully recovered, and 1.8 classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activitie8, 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 charilable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to Chitable activities. other expenditure include8 all expenditure that il* neither related to raising funds for the charity nor parl of its expenditure on charitable activitiets. All costs are allocated to expenditure calegories reflecting the use of the iesollrce. Direct costs dttributable to a single activity are allocated directly to that activity. shed costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Investments Shareholdings acquired are initially recorded at cost and subsequently included at Irustees, best estimate of fair value based on the net asset value. The net assets of tbe Subsidiary Undertakings reflect fair values of its underlying properties held for investment. any suryylu8 or deficit on revaluation is recognised in the SOFA. io-
Atlas Mernorial Limited Company Limited by Guarantee Notes to the Financial Statements (coiitiiiuedj Year ended 31 January 2025 Accounting policies fcontinued) 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 price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. IVheTe 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 investmenl are recognised as income without regard to whether the distributions are from accumulated profits of the associale arising before or after the date of acquisition. Investments in joint ventures Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities aLcounted for in accorddnce 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 recognised 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 fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exi8t. Where the carrying value exceeds the recoverable amount, the as%et is impaired accordingly. Prior impairnients are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset. dn estimate 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 inflows that largely independent of the cash inflow8 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 unit8 that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to ihose units. Financial instruments A financial asset or a financial liability is recognised only whell the Lharity becomes a party to the contractual provisions of the instrument. li
Atlas Memorial Limited Company Limited by Guarantee Notes to the Financial Staternents (eoiitiiiuedj Year ended 31 January 2025 Accounting policies fcontinyed) Financial instruments (eonliiiued) Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured iit the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortl8ed cost. Where investments in shares are publicly 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 co%t less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond nornial business terms or financed at a rate of interest that is not a market rate, in which case the asset is me&8ured 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 exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost reviewed for objeclive evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment lo.%s is recognised under the appropriate heading in the statement of financiiil activities in which the initial gain was recognised. For all equity in.%truments regardless of .8ignificance, and other financial assets that are individually 8ignificant, these are asses.ged 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, Limited by guarantee Thls company is limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10. Donations and legacies Unreslricted Total Funds Unrestricted Total Fund Funds 2025 Funds 2024 Donations Donations 200,000 200,000 200,000 200.000 12-
Atlas Memorial Limited Cojnpany Limited by Guarantee Notes to the Financial Statetnents (eontiiiued) Year ended 31 January 2025 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable Other interest receivable Foreign exchange gainl(1088) 42 37,842 119.017 42 37,842 119,017 156,901 661 41,927 (71,224) (28,636) 661 41,927 (71,224) (28,636) 156,901 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Tota] Funds Funds 2025 Funds 2024 Charitable donations Support costs 960,000 9,395 960,000 9,395 969,395 1,081,000 9,400 1,081,000 9,400 969,395 1,090,400 1,090,400 Expenditure on charitable actlvitics by activity type Grant funding of activities Support costs Total funds 2025 Total fund 2024 Charitable donations Governdnce costs 960,000 960,000 9,395 969,395 1,081,000 9,4(K) 9,395 9,395 960,000 1,090,400 All grants were paid to in.8titulions in support of the relief of poverty, the advancement of health, the advancement of Jewish religion and the advancement of education. Included in the charitable activities are the following material grants made during the year". 2025 The Rehabilitation Trust United Talmudical Associates Ltd Mifal Tzedoko Vochesed Ltd Friends of Bels Chinuch Lebonos Trust Amounts no greater than £50,000 individually or in dggregate 130,0110 100,000 58,000 51,01 621,00 960,000 13-
Atlas Memorial Limited Cornpany Limited by Guarantee Notes to the Financial Statements leontinuedj Year ended 31 January 2025 Net gains on investments Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Unreali8ed gainsl(losses) on other investments 25,214 25,214 28,602 28,602 10. Independent examination fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial statement8 8,700 8,700 11. Staff costs The average head count of employee5 during the year was Nil (2024: Nil). No employee received employee benefits of more than £60,000 during the year (2024,, Nil). 12. Trustee remuneration and expenses No trustee received any remunderation during ihe year. The charity did not meet any individual expense% incurred by the trustees for services provided to the charity. 13. Investments Other investments Cost or valuation At l Februiwy 2024 Additions Fair value movements 546,178 25,214 571,392 At 31 January 2025 Impairment At l February 2024 and 31 January 2025 Carrying amount At 31 January 2025 At 31 January 2024 571,392 546,178 All investments shown above are held at valuation. 14-
At]as Memorial Limited Company Limited by Guarantee Notes to the Financial Statements (conlinu¢d) Year ended 31 January 2025 14. Debtors 2025 2024 Prepayments and accrued income Other debtors 464 1,428,918 1.429,382 815,429 815,429 15. Creditors: amounts falling due Ivithin one year 2025 2024 Amounts owed to undertakings in which the charity has a participating interest Accruals dnd deferTed income Other creditors 25 10,000 8,418 18,443 26 l O.O(K) 4,679 14,705 16. Analysis of charitable funds Unrestricted funds At l Februdry 2024 Gains and At losses31 January 2025 Income Bxpenditure General funds 1,962,042 356,901 (969,395) 25,214 lJ74,762 At l February 2023 Gains and At losses 31 January 2024 Income Expenditure General funds 2,852,476 171,364 (1,090,400) 28,602 1,962,042 15-
Atlas Memorial Limited Company Limited by Guarantee Notes to the Financial Statements (eonr¢nued) Year ended 31 January 2025 17. Analysis of net a55ets between funds Unrestricted Total Funds Funds 2025 Investments Current assets Creditors less than l year Net assets 571,392 821,813 (18,443) 1,374,762 571,392 821,813 (18,443) 1,374,762 Unrestricted Total Funds Funds 2024 Investments Current assets Creditors less than l ye Net assets 546,178 1,430,569 (14,705) 1,962,042 546,178 1,430,569 (14,705) 1,962,042 16-
Atlas Memorial Limited Company Limited by Guarantee Management Information Year ended 31 January 2025 The following pages do not form part of the financial statements. 17-
Atlas Memorial Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 January 2025 2025 2024 Income and endowments Donations and legacies Donalions 200,000 200,0(X) Investment income Bank interest receivable Other interest receivable Foreign exchange gainl(108s) 42 37,842 119,017 156,901 661 41,927 (71,224) (28,636) Tot91 income 356,901 171,364 Expenditure Expenditure on charitable activities Other establishment costs Legal and professional fees Charitable donations 696 8,699 960,000 969,395 699 8,701 1,081,000 1,090,4CM) Total expenditure 969,395 1,090,4(KI Net gains on investments Unrealised gainsl(losses) on other investments (25,214) (28,602) Net expenditure (587,280) (890,434) 18-
Atlas Memorial Limited Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 JanUY 2025 2025 2024 Expenditure on charitable activities Charitable donations Grantfunding activities Charitable donations 960,000 1,081,000 Governance costs Office administrative costs Accountancy fees 696 8,699 9,395 699 8,701 9,4(X) Expenditure on charitgble activities 969,395 1,090,400 19-