Countypier Limited - Charities report

REGISTERED COMPANY NUMBER: 01959412

REGISTERED CHARITY NUMBER: 295399

Report of the Trustees and

Audited Financial Statements for the Year Ended 31 March 2025

for

Countypier Limited

Page

Report of the Trustees

1

to

3

Report of the Independent Auditors

4

to

6

Statement of Financial Activities

7

Balance Sheet

8

Cash Flow Statement

9

Notes to the Cash Flow Statement

10

Notes to the Financial Statements

11

to

17

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 March 2025. 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 charity was formed for the advancement of the education of persons expressing the orthodox Jewish faith, the advancement of the orthodox Jewish faith, and the relief of poverty in the orthodox Jewish community.

The charity is also actively involved in raising funds for general education, and relief of poverty, and to this end made substantial grants in the year under review.

Significant activities

There were no significant activities to be reported.

Public benefit

The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.

Grantmaking

Countypier Limited has within its Articles of Association the ability to make donations.

Volunteers

During the year, the charity did not have any volunteers to help with the objective of the charity.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The trustees consider that the performance of the charity this year has been most satisfactory. Substantial funds have been granted to institutions during the period from contributions received from donors.

The Statement of Financial Activities shows a net deficit of £61,110 after making total grants of £557,000 and the reserves stand at £7,310,127.

Investment performance

The trustees are currently satisfied with the investment performance of the assets. The Company has not expanded its activities during the current year, but is always looking at opportunities, the current investment property portfolio is producing good results which enhances its charitable activities.

Internal and external factors

The trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact.

FINANCIAL REVIEW

Principal funding sources

Countypier Limited is pleased and fortunate to receive donations from a number of organisations. Also through its investment policy the returns from the investments have produced good rental income.

Overall the charity has experienced a good year and hopes it will continue to do so next year.

Investment policy and objectives

Under the memorandum and articles of association, the charity has the power to make any investment, which the trustees see fit. The trustees have considered the most appropriate policy for investing funds and have found that investment in property meets their requirements to generate both income and capital growth.

Reserves policy

The charity does not maintain a reserves policy, as reserves are distributed when they become available at the trustees' discretion. The present level of funding is adequate to support the continuation of its objects and the trustees consider the financial position of the charity to be satisfactory.

FUTURE PLANS

There are no significant future developments to report.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, the memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005. The company was formed on 14 November 1995. The charity is managed and controlled by the directors who are the trustees, who meet regularly.

Recruitment and appointment of new trustees

Trustees are appointed according to the Articles of Association.

Organisational structure

The Chief Executive of the charity is Mr A Halpern, to whom day to day management of the charity has been delegated.

The Board of Trustees must, as per the governing document, have at least 4 trustees serving at anyone time.

The entire board meets on a regular basis, at least quarterly, or more if required.

Induction and training of new trustees

All new trustees are given, in the view of the board, sufficient training and have enough knowledge of their specific field to understand the nature of the charity and fully comply with the charities views of its progression.

New trustees undergo a briefing to ensure they are aware of both their legal and professional responsibilities under charity and company law.

Wider network

At present, Countypier Limited does not consider itself part of a wider network.

Related parties

Full details of the Related Party Transactions during the year ended 31 March 2022 can be found in Note 18 of the Financial Statements.

Risk management

The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

01959412 (Not specified/Other)

Registered Charity number

295399

Registered office

5 North End Road

Golders Green

London

NW11 7RJ

Trustees

A Halpern

Mrs E Halpern

Mrs C Klein

L Lipschits

Company Secretaries

Mrs E Halpern

D Kesselman

Senior Statutory Auditor

Mr Adrian Heller FCA

Auditors

Martin + Heller

Chartered Accountants

and Registered Auditor

5 North End Road

London

NW11 7RJ

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Countypier Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charity SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Martin + Heller, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 18 November 2025 and signed on its behalf by:

A Halpern - Trustee

Opinion

We have audited the financial statements of Countypier Limited (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 17 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We assess compliance with applicable laws and regulations that could reasonably be expected to have a

material effect on the financial statements. The key laws and regulations we have considered in this context included the Charities SORP (FRS 102). In addition, we have considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above. We discussed with management the extent of compliance with those laws and regulations as part of our audit procedures.

- We address the risk of fraud through management override of controls, by obtaining an understanding of internal control and by designing audit procedures that are appropriate and sufficient. We evaluated the appropriateness of accounting policies used and the reasonableness of accounting estimates and judgements made by management. We identified and assessed any significant transactions that are unusual or outside the normal course of business, and we incorporated testing of manual journal entries and corrections into our audit approach.

- Our audit procedures were designed to identify and assess risks of material misstatement in the financial

statements, whether due to fraud or error. The risk of not detecting a material misstatement due to fraud is higher

than the risk of not detecting one resulting from error, as fraud may involve collusion, forgery, omissions, misrepresentations, or management override of controls. We communicated identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. The engagement partner considers the engagement team collectively had the appropriate competence and capabilities to identify or recognize non-compliance with laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Adrian Heller FCA (Senior Statutory Auditor)

for and on behalf of Martin + Heller

Chartered Accountants

and Registered Auditor

5 North End Road

London

NW11 7RJ

18 November 2025

31.3.25

31.3.24

Unrestricted

Total

fund

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

-

50,000

Investment income

3

610,846

575,601

Total

610,846

625,601

EXPENDITURE ON

Raising funds

4

106,898

112,166

Charitable activities

5

Donations to Institutions

557,000

417,000

Other

8,235

7,624

Total

672,133

536,790

Net gains on investments

177

34

NET INCOME/(EXPENDITURE)

(61,110

)

88,845

RECONCILIATION OF FUNDS

Total funds brought forward

7,371,237

7,282,392

TOTAL FUNDS CARRIED FORWARD

7,310,127

7,371,237

31.3.25

31.3.24

Unrestricted

Total

fund

funds

Notes

£

FIXED ASSETS

Investments

11

660

458

Investment property

12

7,250,000

7,250,660

7,250,458

CURRENT ASSETS

Debtors

13

17,712

16,221

Cash at bank

162,171

181,939

179,883

198,160

CREDITORS

Amounts falling due within one year

14

(120,416

)

(77,381

)

NET CURRENT ASSETS

59,467

120,779

TOTAL ASSETS LESS CURRENT

LIABILITIES

7,310,127

7,371,237

NET ASSETS

7,310,127

7,371,237

FUNDS

15

Unrestricted funds

7,310,127

7,371,237

TOTAL FUNDS

7,310,127

7,371,237

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 18 November 2025 and were signed on its behalf by:

A Halpern - Trustee

Cash flows from operating activities

Cash generated from operations

1

(20,181

)

83,679

Net cash (used in)/provided by operating activities

(20,181

)

83,679

Cash flows from investing activities

Purchase of fixed asset investments

(25

)

(31

)

Dividends received

438

47

Net cash provided by investing activities

413

16

Change in cash and cash equivalents in

the reporting period

(19,768

)

83,695

Cash and cash equivalents at the

beginning of the reporting period

181,939

98,244

Cash and cash equivalents at the end of

the reporting period

162,171

181,939

1.	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.3.25

31.3.24

£

Net (expenditure)/income for the reporting period (as per the

Statement of Financial Activities)

(61,110

)

88,845

Adjustments for:

Gain on investments

(177

)

(34

)

Dividends received

(438

)

(47

)

Increase in debtors

(1,491

)

(16,170

)

Increase in creditors

43,035

11,085

Net cash (used in)/provided by operations

(20,181

)

83,679

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24

Cash flow

At 31/3/25

£

Net cash

Cash at bank

181,939

(19,768

)

162,171

181,939

(19,768

)

162,171

Total

181,939

(19,768

)

162,171

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, as modified by the revaluation of certain assets.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. Investment properties are re-valued annually and included in the balance sheet at their open market value. No depreciation has been provided for in respect of investment properties. These properties are held for investment and the directors consider that the adoption of this policy is necessary to give a true and fair view.

2.	DONATIONS AND LEGACIES

31.3.25

31.3.24

£

Donations

-

50,000

3.	INVESTMENT INCOME

31.3.25

31.3.24

£

Rents received

610,408

575,554

Dividends received

438

47

610,846

575,601

4.	RAISING FUNDS

Investment management costs

31.3.25

31.3.24

£

Property repairs

34,192

44,674

Legal and professional fees

6,815

5,232

Rates & water

711

442

Insurance

6,430

5,950

Light & heat

8,925

8,321

Sundries

-

27

Communications

810

884

Cleaning

4,015

3,636

Management fee

45,000

43,000

106,898

112,166

5.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

(see note

6)

£

Donations to Institutions

557,000

6.	GRANTS PAYABLE

31.3.25

31.3.24

£

Donations to Institutions

557,000

417,000

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

31.3.25

31.3.24

£

Friends of Sanz Institutions

-

55,000

Achisomoch Aid Company Limited

557,000

280,000

Donations Under £10,000

-

20,350

Chevras Mo'oz Ladol

-

31,650

Friends of Mercaz Hatorah Belz Macnivka

-

20,000

Yesamach Levav

-

10,000

557,000

417,000

7.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

Other resources expended

435

7,800

8,235

8.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25

31.3.24

£

Auditors' remuneration

7,800

7,200

9.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

50,000

Investment income

575,601

Total

625,601

EXPENDITURE ON

Raising funds

112,166

Charitable activities

Donations to Institutions

417,000

Other

7,624

Total

536,790

Net gains on investments

34

NET INCOME

88,845

RECONCILIATION OF FUNDS

Total funds brought forward

7,282,392

TOTAL FUNDS CARRIED FORWARD

7,371,237

11.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

Totals

£

MARKET VALUE

At 1 April 2024

448

10

458

Additions

25

-

25

Revaluations

177

-

177

At 31 March 2025

650

10

660

NET BOOK VALUE

At 31 March 2025

650

10

660

At 31 March 2024

448

10

458

There were no investment assets outside the UK.

Cost or valuation at 31 March 2025 is represented by:

Listed

Unlisted

investments

Totals

£

Valuation in 2019

(230

)

-

(230

)

Valuation in 2020

(1,280

)

-

(1,280

)

Valuation in 2021

81

-

81

Valuation in 2022

35

-

35

Valuation in 2023

6

-

6

Valuation in 2024

34

-

34

Valuation in 2025

177

-

177

Cost

1,827

10

1,837

650

10

660

12.	INVESTMENT PROPERTY

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

7,250,000

NET BOOK VALUE

At 31 March 2025

7,250,000

At 31 March 2024

7,250,000

13.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

17,712

16,221

14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other creditors

50,186

10

Rent deposit

62,430

62,971

Accrued expenses

7,800

14,400

120,416

77,381

15.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/24

in funds

31/3/25

£

Unrestricted funds

General fund

7,371,237

(61,110

)

7,310,127

TOTAL FUNDS

7,371,237

(61,110

)

7,310,127

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

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

Unrestricted funds

General fund

610,846

(672,133

)

177

(61,110

)

TOTAL FUNDS

610,846

(672,133

)

177

(61,110

)

Comparatives for movement in funds

Net

movement

At

At 1/4/23

in funds

31/3/24

£

Unrestricted funds

General fund

7,282,392

88,845

7,371,237

TOTAL FUNDS

7,282,392

88,845

7,371,237

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

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

Unrestricted funds

General fund

625,601

(536,790

)

34

88,845

TOTAL FUNDS

625,601

(536,790

)

34

88,845

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

Net

movement

At

At 1/4/23

in funds

31/3/25

£

Unrestricted funds

General fund

7,282,392

27,735

7,310,127

TOTAL FUNDS

7,282,392

27,735

7,310,127

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

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

Unrestricted funds

General fund

1,236,447

(1,208,923

)

211

27,735

TOTAL FUNDS

1,236,447

(1,208,923

)

211

27,735

16.	RELATED PARTY DISCLOSURES

Other creditors include the following loans due to UK registered companies which have trustees and directors in common with Countypier Limited, as follows:

2025 2024

£ £

F H Property Investments Limited 50,176 -

17.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.