The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)
Principal office address: 31 Wykeham Road, London NW4 2TB.
Registered office address: 843 Finchley Road, London NW11 8NA.
Charity number: 1123687
Company number: 06030277
The Charity's objects are to advance religion in accordance with the Orthodox Jewish Faith and for such other purposes as are recognised by English Law as charitable and in furtherance of the aforementioned objects but not otherwise:
(A) The advancement of the Orthodox Jewish faith.
(B) The advancement of Orthodox Jewish religious education.
(C) The relief of poverty, sickness and infirmity amongst members of the Jewish faith.
(D) Such other purposes as are charitable according to English law.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The trustees continued with the Charity's grant making programme focussed upon modest grants capable of relieving acute need and making a significant difference to small, local charitable causes. In this year beneficiaries have included:
Schools
Other educational projects
Charities supporting sick children
Youth community work
Soup kitchens
The trustees are satisfied that the Charity continues to fulfil its charitable objectives.
Total incoming resources amounted to £56,000 (2024: £60,000) and total resources expended amounted to £51,997 (2024 £69,198).
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at an adequate level to ensure that the charity can continue to support suitable charities for the long term.
The charity’s main funding sources are companies in which two of the trustees have a material interest, these companies fund the charity as and when needed in order to maintain adequate reserves.
At the year end the total fund balance, which is unrestricted, amounted to £4,016 (2024: £13).
There are no going concern issues.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to any major risks.
The trustees are confident that the charity will be able to maintain its current level of activity in the future to ensure that the main objectives of the charity are achieved.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Trustee appointments are based on the need for the Board to have the skills and experience to provide the appropriate oversight and scrutiny, governance and leadership.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute up to £10 in the event of a winding up.
Subject to Companies Act provisions every trustee or other officer or auditor of the Charity shall be indemnified out of the assets of the Charity against any liability incurred by him in that capacity in defending proceedings, whether civil or criminal, in which judgement is given in his favour or in which he is acquitted or in connection with any application in which relief is granted to him by the court from liability or negligence, default, breach of duty or breach of trust in relation to the affairs of the Charity.
There are no other employees of the charity other than the trustees.
Donations totalling £56,000 (2024: £60,000) were received from companies in which two of the trustees have a material interest.
The trustees' report was approved by the Board of Trustees.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Raleigh Ltd for the year ended 31 March 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 9 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Raleigh Ltd and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Raleigh Ltd and the charity's trustees as a body, for our work or for this report.
It is your duty to ensure that Raleigh Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Raleigh Ltd. You consider that Raleigh Ltd is exempt from the statutory audit requirement for the year and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of Raleigh Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Raleigh Ltd is a private company limited by guarantee incorporated in England and Wales{If (#cy755)=f0 Then Else . The registered office is 843 Finchley Road, London NW11 8NA and the principal address is 113 Brent Street, London NW4 2DX.
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Other than unrestricted the charity held no other type of fund at any time during the current or preceding periods.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Direct charitable expenditure comprises expense incurred directly in pursuance of the charity's principal activity.
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to that category.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
132 grants totalling £50,605 were made to 80 institutions and organisations for the purposes described above.
The average monthly number of employees during the year was:
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
Donations totalling £56,000 (2024:£60,000) were received from companies in which two of the trustees have a material interest.