IRIS Accounts Production v23.3.1.45 Other Company accounts True false Pounds 6.4.22 31.3.23 31.3.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure012694082022-04-05012694082023-03-31012694082022-04-062023-03-31012694082021-04-05012694082021-04-062022-04-05012694082022-04-0501269408ns22:CharitableCompanyLimitedByGuarantee2022-04-062023-03-3101269408ns15:PoundSterling2022-04-062023-03-3101269408ns11:FRS1022022-04-062023-03-3101269408ns11:IndependentExaminationCharity2022-04-062023-03-3101269408ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-062023-03-3101269408ns11:FullAccounts2022-04-062023-03-3101269408ns11:CharitiesSORP2022-04-062023-03-3101269408ns22:Trustee22022-04-062023-03-3101269408ns22:Trustee32022-04-062023-03-3101269408ns22:Trustee12022-04-062023-03-3101269408ns22:Trustee42022-04-062023-03-3101269408ns22:Trustee52022-04-062023-03-3101269408ns22:Trustee62022-04-062023-03-3101269408ns22:Trustee72022-04-062023-03-3101269408ns11:RegisteredOffice2022-04-062023-03-3101269408ns22:Activity82022-04-062023-03-3101269408ns22:Activity82021-04-062022-04-0501269408ns22:Activity92022-04-062023-03-3101269408ns22:Activity92021-04-062022-04-0501269408ns6:WithinOneYear2023-03-3101269408ns6:WithinOneYear2022-04-050126940812022-04-062023-03-310126940832022-04-062023-03-31
REGISTERED COMPANY NUMBER: 01269408 (England and Wales)
REGISTERED CHARITY NUMBER: 272178



















CREWPRIDE LIMITED
(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS
FOR THE PERIOD
6 APRIL 2022 TO 31 MARCH 2023

CREWPRIDE LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 APRIL 2022 TO 31 MARCH 2023




Page

Reference and Administrative Details 1

Report of the Trustees 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

CREWPRIDE LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE PERIOD 6 APRIL 2022 TO 31 MARCH 2023



TRUSTEES N N Grunbaum
S Heiman
A Lewin
G Mannes
E Z Rabinowitz
G Schleider
Dr S G Springer


COMPANY SECRETARY A Lewin


REGISTERED OFFICE 21 Rostrevor Avenue
London
N15 6LA


REGISTERED COMPANY
NUMBER
01269408 (England and Wales)


REGISTERED CHARITY
NUMBER
272178


INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd
First Floor
94 Stamford Hill
London
N16 6XS


BANKERS National Westminster Bank Plc
198 Stoke Newington High Street
London
N16 7GA

CREWPRIDE LIMITED (REGISTERED NUMBER: 01269408)

REPORT OF THE TRUSTEES
FOR THE PERIOD 6 APRIL 2022 TO 31 MARCH 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 6 April 2022 to 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity was established to advance religion in accordance with the Orthodox Jewish faith and for such other purposes as are recognised by English Law as charitable. In this respect, the charity utilises its income to make grants, donations and loans.

The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Trustees are satisfied with the results for the period. Income increased by almost 11% when compared with the previous year and investment management costs were reduced by over 35%, this allowed the Trustees to increase grantmaking by just over 10% and to cover the small deficit incurred in the previous year.

FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities
of the charity. Reserves at the year end were £448,881 (2022 - £442,829) being net assets, including unrealised reserves of £300,840 (2022 - £300,840).

FUTURE PLANS
The charity plans to continue its activities for the foreseeable future subject to satisfactory income.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 19th July 1976.

Organisational structure
The power to appoint new trustees is vested in the continuing board. It is not the intention of the trustees of
the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Risk management
The trustees have reviewed the major risks that the charity is exposed and confirm that they have established systems to mitigate them.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to small companies.

Approved by order of the board of trustees on 6 December 2023 and signed on its behalf by:



A Lewin - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CREWPRIDE LIMITED

Independent examiner's report to the trustees of Crewpride Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 6 April 2022 to 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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 respect of my examination of your 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 the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 examination; or
4. the accounts have 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)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








E Meyer FCA BSc

Sugarwhite Meyer HS Ltd
First Floor
94 Stamford Hill
London
N16 6XS

6 December 2023

CREWPRIDE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE PERIOD 6 APRIL 2022 TO 31 MARCH 2023

PERIOD
6.4.22
TO YEAR ENDED
31.3.23 5.4.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - 20

Investment income 2 66,380 59,829
Total 66,380 59,849

EXPENDITURE ON
Raising funds 3 10,305 15,897

Charitable activities 4
Grantmaking 48,660 44,080
Support costs 1,363 1,759
Total 60,328 61,736

NET INCOME/(EXPENDITURE) 6,052 (1,887 )


RECONCILIATION OF FUNDS
Total funds brought forward 442,829 444,716

TOTAL FUNDS CARRIED FORWARD 448,881 442,829

CREWPRIDE LIMITED (REGISTERED NUMBER: 01269408)

BALANCE SHEET
31 MARCH 2023

2023 2022
Total Total
funds funds
Notes £    £   
FIXED ASSETS
Investment property 9 424,750 424,750

CURRENT ASSETS
Debtors 10 22,169 10,439
Cash at bank 3,462 9,388
25,631 19,827

CREDITORS
Amounts falling due within one year 11 (1,500 ) (1,748 )

NET CURRENT ASSETS 24,131 18,079

TOTAL ASSETS LESS CURRENT
LIABILITIES

448,881

442,829

NET ASSETS 448,881 442,829
FUNDS
Unrestricted funds:
General fund 448,881 442,829
TOTAL FUNDS 448,881 442,829

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


CREWPRIDE LIMITED (REGISTERED NUMBER: 01269408)

BALANCE SHEET - continued
31 MARCH 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 6 December 2023 and were signed on its behalf by:





A Lewin - Trustee

CREWPRIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 APRIL 2022 TO 31 MARCH 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 (FRS102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore, the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.

Raising funds comprise investment management costs relating to the investment properties.

Grants are only recognised in the accounts when paid.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. It is revalued to its fair value at each reporting date any changes are transferred to the Statement of Financial Activities. No depreciation is provided in respect of investment properties applying the fair value.

Taxation
The charity is exempt from corporation tax on its charitable activities.


Going concern
There are no material uncertainties about the charity's ability to continue.

Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

CREWPRIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2022 TO 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

Financial instruments
Current assets and current liabilities are subsequently measured at the amount expected to be received or paid and not discounted.

2. INVESTMENT INCOME
PERIOD
6.4.22
TO YEAR ENDED
31.3.23 5.4.22
Unrestricted Total
funds funds
£    £   
Rents received 66,380 59,829

3. RAISING FUNDS

Investment management costs
PERIOD
6.4.22
TO YEAR ENDED
31.3.23 5.4.22
Unrestricted Total
funds funds
£    £   
Insurance 984 957
Repairs and renewals 9,201 14,644
Sundry expenses 120 291
Interest payable and similar charges - 5
10,305 15,897

4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
5) note 6) Totals
£    £    £   
Grantmaking 48,660 - 48,660
Support costs - 1,363 1,363
48,660 1,363 50,023


CREWPRIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2022 TO 31 MARCH 2023

5. GRANTS PAYABLE
PERIOD
6.4.22
TO YEAR ENDED
31.3.23 5.4.22
£    £   
Grantmaking 48,660 44,080
The total grants paid to institutions during the period was as follows:
PERIOD
6.4.22
TO YEAR ENDED
31.3.23 5.4.22
£    £   
Advancement of religion 48,660 36,200

Riosan Ltd 46,260
Others 2,400
48,660


The total grants paid to individuals during the period was as follows:
PERIOD
6.4.22
TO YEAR ENDED
31.3.23 5.4.22
£    £   
Relief of poverty - 7,880

6. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Support costs 84 1,279 1,363


CREWPRIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2022 TO 31 MARCH 2023

6. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:

Finance
PERIOD
6.4.22
TO YEAR ENDED
31.3.23 5.4.22
Support Total
costs activities
£    £   
Bank charges 84 12
Governance costs
PERIOD
6.4.22
TO YEAR ENDED
31.3.23 5.4.22
Support Total
costs activities
£    £   
Independent examiner's fee 780 630
Independent examiner's other fees 720 630
General expenses 133 487
Fees waived (354 ) -
1,279 1,747

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 March 2023 nor for the year ended 5 April 2022.


Trustees' expenses

There were no trustees' expenses paid for the period ended 31 March 2023 nor for the year ended 5 April 2022.


8. AVERAGE STAFF NUMBERS

The average number of staff in the year was Nil (2022 - Nil).


CREWPRIDE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 APRIL 2022 TO 31 MARCH 2023

9. INVESTMENT PROPERTY
£   
FAIR VALUE
At 6 April 2022
and 31 March 2023 424,750
NET BOOK VALUE
At 31 March 2023 424,750
At 5 April 2022 424,750

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the trustees who are considered to have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same or similar locations.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 22,169 10,439

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 1,500 1,748

12. RELATED PARTY DISCLOSURES

The charity made donations totalling £46,260 (2022 - £34,000) to Riosan Limited, a charity with the same trustees.

The charity's investment property is managed by a company in which a trustee has an interest.