REGISTERED COMPANY NUMBER: 09664506 (England and Wales)

REGISTERED CHARITY NUMBER: 1167231

C R AND I TRUST LIMITED

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 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

13

TRUSTEES

S M Itzinger

S Itzinger

A Freudenberger

REGISTERED OFFICE

First Floor

94 Stamford Hill

London

N16 6XS

REGISTERED COMPANY NUMBER

09664506 (England and Wales)

REGISTERED CHARITY NUMBER

1167231

INDEPENDENT EXAMINER

Sugarwhite Meyer Accountants Ltd

First Floor

94 Stamford Hill

London

N16 6XS

BANKERS

Lloyds Bank plc

198-200 Marlowes

Hemel Hempstead

HP1 1BH

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 December 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

Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objectives and activities for the public benefit

The objects of the charity are the advancement of the Orthodox Jewish Faith and the relief of poverty. The charity carries out its objects by grantmaking.

The trustees have considered the Charity Commission's general guidance on public benefit.

FINANCIAL REVIEW

Financial position

The trustees are satisfied with the results of the year. The charity's income remained consistent with the previous year and the trustees reduced grantmaking. This resulted in a surplus for the year of £6,515 (2023: deficit £23,019).

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 £945,881 (2023: £939,366), of which £48,365 (2023: £26,143) were free reserves.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 30 June 2015.

Organisational structure

The power to appoint new trustees is vested in the continuing board. New trustees are appointed based on personal competence, specialist skills and experience. They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity and its working. They are also encouraged to read the Charity Commission's various publications on trustees.

Risk review

The trustees have confirmed that there are no major risks to which the charity is exposed.

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 29 September 2025 and signed on its behalf by:

S M Itzinger - Trustee

Independent examiner's report to the trustees of C R And I Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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 Accountants Ltd

First Floor

94 Stamford Hill

London

N16 6XS

29 September 2025

2024

2023

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Investment income

2

150,697

150,359

EXPENDITURE ON

Raising funds

3

86,532

67,981

Charitable activities

4

Grantmaking

54,650

97,320

Support costs

3,000

8,077

Total

144,182

173,378

NET INCOME/(EXPENDITURE)

6,515

(23,019

)

RECONCILIATION OF FUNDS

Total funds brought forward

939,366

962,385

TOTAL FUNDS CARRIED FORWARD

945,881

939,366

2024

2023

Total

Total

funds

funds

Notes

£

£

FIXED ASSETS

Investment property

9

1,167,186

1,167,186

CURRENT ASSETS

Debtors

10

449,023

471,273

Cash at bank

63,848

43,563

512,871

514,836

CREDITORS

Amounts falling due within one year

11

(15,483

)

(17,420

)

NET CURRENT ASSETS

497,388

497,416

TOTAL ASSETS LESS CURRENT LIABILITIES

1,664,574

1,664,602

CREDITORS

Amounts falling due after more than one year

12

(718,693

)

(725,236

)

NET ASSETS

945,881

939,366

FUNDS

15

Unrestricted funds:

General fund

645,881

639,366

Fair value reserve

300,000

300,000

945,881

939,366

TOTAL FUNDS

945,881

939,366

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 September 2025 and were signed on its behalf by:

S M Itzinger - Trustee

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.

Critical accounting 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.

Income from investments is included in the year in which it is receivable.

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.

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, which is property held to earn rentals and/or for capital appreciation, is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the Statement of Financial Activities.

Taxation

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

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently

measured at their settlement value.

Going concern

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

2.	INVESTMENT INCOME

2024

2023

Unrestricted

Total

funds

funds

£

£

Rents received

90,697

100,359

Other income

10,000

-

Interest received

50,000

50,000

150,697

150,359

3.	RAISING FUNDS

Investment management costs

2024

2023

Unrestricted

Total

funds

funds

£

£

Management and letting fees

11,661

-

Rent and rates

953

-

Repairs and maintenance

15,222

7,232

Light and heat

419

662

Insurance

2,237

1,594

Legal and professional fees

299

-

Loan interest and finance costs

55,741

58,493

86,532

67,981

4.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Support

(see note

costs (see

5)

note 6)

Totals

£

£

£

Grantmaking

54,650

-

54,650

Support costs

-

3,000

3,000

54,650

3,000

57,650

5.	GRANTS PAYABLE

2024

2023

£

£

Grantmaking

54,650

97,320

The total grants paid to institutions during the year was as follows:

2024

2023

£

£

Advancement of religion

21,350

15,180

Relief of poverty

16,250

42,180

Religious education

7,750

38,280

Social Welfare

300

180

45,650

95,820

Chasdei Chaim Moishe

11,000

The Pesach Project (Chesed Charity Trust)

7,500

Fairholt Charity Trust

5,000

Grants below £5,000

22,150

Total

45,650

The total grants paid to individuals during the year was as follows:

2024

2023

£

£

Relief of poverty

9,000

1,500

6.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

£

£

Support costs

206

2,794

3,000

Support costs, included in the above, are as follows:

2024

2023

Support

Total

costs

activities

£

£

Bank charges

206

222

Independent examiner's fee

360

360

Independent examiner's other fees

1,080

960

General expenses

354

708

Legal and professional fees

1,000

5,827

3,000

8,077

7.	TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

8.	AVERAGE STAFF NUMBERS

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

9.	INVESTMENT PROPERTY

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,167,186

NET BOOK VALUE

At 31 December 2024

1,167,186

At 31 December 2023

1,167,186

The fair value of investment properties has been arrived at on the basis of a valuation carried out by the trustees who 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 location.

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

449,023

471,273

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 13)

9,243

11,944

Trade creditors

864

220

Other creditors

3,936

3,936

Accruals and deferred income

1,440

1,320

15,483

17,420

12.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 13)

718,693

725,236

13.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year on demand:

Bank loans

9,243

11,944

Amounts falling due between two and five years:

Bank loans - 2-5 years

44,983

42,179

Amounts falling due in more than five years:

Repayable by instalments:

Bank loans more 5 yr by instal

673,710

683,057

14.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

727,936

737,180

The bank loans are secured by legal charges over the company's investment property.

15.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

639,366

6,515

645,881

Fair value reserve

300,000

-

300,000

939,366

6,515

945,881

TOTAL FUNDS

939,366

6,515

945,881

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

150,697

(144,182

)

6,515

TOTAL FUNDS

150,697

(144,182

)

6,515

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

662,385

(23,019

)

639,366

Fair value reserve

300,000

-

300,000

962,385

(23,019

)

939,366

TOTAL FUNDS

962,385

(23,019

)

939,366

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

150,359

(173,378

)

(23,019

)

TOTAL FUNDS

150,359

(173,378

)

(23,019

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

662,385

(16,504

)

645,881

Fair value reserve

300,000

-

300,000

962,385

(16,504

)

945,881

TOTAL FUNDS

962,385

(16,504

)

945,881

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

301,056

(317,560

)

(16,504

)

TOTAL FUNDS

301,056

(317,560

)

(16,504

)

16.	RELATED PARTY DISCLOSURES

Other debtors (note 11) includes £448,609 (2023: £470,859) due from Telcroft Ltd, a company under common control. Interest received during the year amounted to £50,000 (2023: £50,000).

Other creditors (note 12) includes £460 due from a company under common control.