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REGISTERED COMPANY NUMBER: 01436434 (England and Wales)
REGISTERED CHARITY NUMBER: XN57382



















LYROSS LIMITED
(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

LYROSS LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




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

LYROSS LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 JULY 2024



TRUSTEES P Fuchs
L Fuchs


COMPANY SECRETARY P Fuchs


REGISTERED OFFICE First Floor, 94 Stamford Hill
London
N16 6XS


REGISTERED COMPANY
NUMBER
01436434 (England and Wales)


REGISTERED CHARITY
NUMBER
XN57382


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


BANKERS Barclays Bank PLC
Mile End
Leicester
Leicestershire
LE87 2BB

LYROSS LIMITED (REGISTERED NUMBER: 01436434)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 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 31 July 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).

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 for public benefit
The charity was incorporated to promote and advance Orthodox Jewish education and does so by making grants to educational establishments and others.

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

ACHIEVEMENT AND PERFORMANCE
Review of activities and performance
Income was similar to the previous year but the trustees reduced grantmaking by about 9% to leave a surplus for the 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 stood at £55,842 (2023 - £54,685).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 11 July 1979.

Organisational structure
The day-to-day affairs of the company are administered by the trustees. The power to appoint new trustees is vested in the board. It is not the intention of the trustees 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 to which 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 8 January 2025 and signed on its behalf by:





P Fuchs - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LYROSS LIMITED

Independent examiner's report to the trustees of Lyross Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024.

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

8 January 2025

LYROSS LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 54,000 53,008

EXPENDITURE ON
Charitable activities 2
Grantmaking 51,840 56,875
Support 1,003 1,419
Total 52,843 58,294

NET INCOME/(EXPENDITURE) 1,157 (5,286 )


RECONCILIATION OF FUNDS
Total funds brought forward 54,685 59,971

TOTAL FUNDS CARRIED FORWARD 55,842 54,685

LYROSS LIMITED (REGISTERED NUMBER: 01436434)

BALANCE SHEET
31 JULY 2024

2024 2023
Total Total
funds funds
Notes £    £   
FIXED ASSETS
Investments 7 26,509 26,509

CURRENT ASSETS
Debtors 8 24,220 24,220
Cash at bank 7,179 6,010
31,399 30,230

CREDITORS
Amounts falling due within one year 9 (2,066 ) (2,054 )

NET CURRENT ASSETS 29,333 28,176

TOTAL ASSETS LESS CURRENT
LIABILITIES

55,842

54,685

NET ASSETS 55,842 54,685
FUNDS 10
Unrestricted funds:
General fund 55,842 54,685
TOTAL FUNDS 55,842 54,685

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.


LYROSS LIMITED (REGISTERED NUMBER: 01436434)

BALANCE SHEET - continued
31 JULY 2024

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 8 January 2025 and were signed on its behalf by:





P Fuchs - Trustee

LYROSS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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, with the exception of investments which are included at market value.

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.

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.

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.

2. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
3) note 4) Totals
£    £    £   
Grantmaking 51,840 - 51,840
Support - 1,003 1,003
51,840 1,003 52,843


LYROSS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. GRANTS PAYABLE
2024 2023
£    £   
Grantmaking 51,840 56,875
The total grants paid to institutions during the year was as follows:
2024 2023
£    £   
Advancement of religion 3,440 1,475
Advancement of education 34,900 43,400
Social welfare 13,500 12,000
51,840 56,875

CMZ Ltd 30,000
Rise & Shine 11,000
Friends of Wiznitz Ltd 4,900
Others below £3,000 5,940
Total 51,840

4. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Support 103 900 1,003

Support costs, included in the above, are as follows:
2024 2023
Total
Support activities
£    £   
Bank charges 103 108
Independent examiner's fee 450 444
Independent examiner's other fees 450 444
General expenses - 423
1,003 1,419


LYROSS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.


6. STAFF COSTS

The average number of staff in the year was Nil (2023 - Nil).

7. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
MARKET VALUE
At 1 August 2023 and 31 July 2024 26,509
NET BOOK VALUE
At 31 July 2024 26,509
At 31 July 2023 26,509

There were no investment assets outside the UK.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 24,220 24,220

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,109 1,109
Accruals and deferred income 957 945
2,066 2,054


LYROSS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

10. MOVEMENT IN FUNDS
Net
movement At
At 1.8.23 in funds 31.7.24
£    £    £   
Unrestricted funds
General fund 54,685 1,157 55,842

TOTAL FUNDS 54,685 1,157 55,842

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 54,000 (52,843 ) 1,157

TOTAL FUNDS 54,000 (52,843 ) 1,157


Comparatives for movement in funds

Net
movement At
At 1.8.22 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund 59,971 (5,286 ) 54,685

TOTAL FUNDS 59,971 (5,286 ) 54,685

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 53,008 (58,294 ) (5,286 )

TOTAL FUNDS 53,008 (58,294 ) (5,286 )


LYROSS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

11. RELATED PARTY DISCLOSURES

The charity received unrestricted donations of £54,000 (2023 - £53,000) from a company in which a trustee has an interest.