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REGISTERED COMPANY NUMBER: 10595988 (England and Wales)
REGISTERED CHARITY NUMBER: 1173254




















Report of the Trustees and

Unaudited Financial Statements
FOR THE YEAR ENDED
29 February 2024

for

CLEARWATERS TRUST LIMITED

CLEARWATERS TRUST LIMITED

Contents of the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 6

CLEARWATERS TRUST LIMITED (REGISTERED NUMBER: 10595988)

Report of the Trustees
FOR THE YEAR ENDED 29 FEBRUARY 2024



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 year ended 29 February 2024. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the charity is the advancement of the Orthodox Jewish Faith by financially supporting synagogues, places of religious study and institutes of Jewish Education, and in other ways as the trustees may see fit.

Significant activities
The main way the charity pursues its objective is through grant-making. During the year, a total of £20,000 (2023: £193,000) was donated to other charitable organisations.

Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grantmaking policy.

Volunteers
There were no volunteers during the year.

ACHIEVEMENT AND PERFORMANCE
Internal and external factors
There were no specific factors to report.

FINANCIAL REVIEW
Financial position
The charity had incoming resources of £20,000 (2023: £195,000) and charitable expenditure of £20,991 (2023: £194,580). At the year end the charity had a total unrestricted deficit of £582 (2023: £409 surplus).

Principal funding sources
The principal funding sources are donations from limited companies.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10595988 (England and Wales)

Registered Charity number
1173254

Registered office
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

Trustees
Mr J Feiner
Mr B M Roitenbarg
Mr E Teitelbaum

Approved by order of the board of trustees on 20 November 2024 and signed on its behalf by:

CLEARWATERS TRUST LIMITED (REGISTERED NUMBER: 10595988)

Report of the Trustees
FOR THE YEAR ENDED 29 FEBRUARY 2024







Mr B M Roitenbarg - Trustee

CLEARWATERS TRUST LIMITED

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
FOR THE YEAR ENDED 29 FEBRUARY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 20,000 195,000

EXPENDITURE ON
Charitable activities
Charitable activities 20,991 194,580

NET INCOME/(EXPENDITURE) (991 ) 420


RECONCILIATION OF FUNDS
Total funds brought forward 409 (11 )

TOTAL FUNDS CARRIED FORWARD (582 ) 409

CLEARWATERS TRUST LIMITED (REGISTERED NUMBER: 10595988)

Balance Sheet
29 FEBRUARY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 4 - 213
Cash at bank 94 196
94 409

CREDITORS
Amounts falling due within one year 5 (676 ) -

NET CURRENT ASSETS/(LIABILITIES) (582 ) 409

TOTAL ASSETS LESS CURRENT LIABILITIES (582 ) 409

NET ASSETS (582 ) 409
FUNDS
Unrestricted funds (582 ) 409
TOTAL FUNDS (582 ) 409

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 20 November 2024 and were signed on its behalf by:





Mr B M Roitenbarg - Trustee

CLEARWATERS TRUST LIMITED

Notes to the Financial Statements
FOR THE YEAR ENDED 29 FEBRUARY 2024


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 (FRS 102) (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.

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 as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. GRANTS PAYABLE
2024 2023
£    £   
Charitable activities 20,000 193,000

The only grant made this year was of £20,000 to Meir Hatorah.

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 29 February 2024 nor for the year ended 28 February 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 29 February 2024 nor for the year ended 28 February 2023.



CLEARWATERS TRUST LIMITED

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income - 213

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accruals and deferred income 676 -

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 29 February 2024.