Rayonhills Limited Charity Accounts

COMPANY REGISTRATION NUMBER: 10964670

CHARITY REGISTRATION NUMBER: 1176556

Rayonhills Limited

Company Limited by Guarantee

Unaudited Financial Statements

30 September 2025

Rayonhills Limited

Company Limited by Guarantee

Financial Statements

Year ended 30 September 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	3

Statement of financial activities (including income and expenditure account)	4

Statement of financial position	5

Notes to the financial statements	6

Rayonhills Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 September 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2025 .

Reference and administrative details

Registered charity name	Rayonhills Limited

Charity registration number	1176556

Company registration number	10964670

Principal office and registered	158 Cromwell Road
office	Salford
	M6 6DE
	England

The trustees

	L Tauber
	R Tauber

Independent examiner	David Pollak
	158 Cromwell Road
	Salford
	M6 6DE

Structure, governance and management

Rayonhills Limited is a charity constituted as a company limited by guarantee and as such, is governed by its memorandum and articles of association. The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors'/trustees' meetings.

Recruitment and appointment of new trustees would be with the consent of the trustees. There are no policies for the induction or training of new trustees.

Objectives and activities

The charity/company is established for the purpose of:

- prevention and relief of poverty;

- advancement of religion in accordance with the Orthodox Jewish faith; and

- other charitable activities as are recognised by English Law as charitable and in furtherance of the objects.

In setting objectives and reviewing the Charity's aims and plans, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

During the year, the charity received voluntary donations and grants totalling £80,000 (2024 - £133,651)and Investment income of £3,661 (2024 - £3,653). Grants made by the Charity to other registered UK charities in accordance with the charity's objects totalled £97,122 (2024 - £120,992), giving a net deficit in the year of £14,330 (2024 - £15,362 surplus).

Financial review

The balance of unrestricted reserves is a £747 deficit (2024 - £13,583 surplus). The trustees plan to continue making similar grants and to ensure that an appropriate level of reserves is maintained.

The trustees' annual report and the strategic report were approved on 13 May 2026 and signed on behalf of the board of trustees by:

L Tauber

Trustee

Rayonhills Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Rayonhills Limited

Year ended 30 September 2025

I report to the trustees on my examination of the financial statements of Rayonhills Limited ('the charity') for the year ended 30 September 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements 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 financial statements 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.

David Pollak Independent Examiner

158 Cromwell Road Salford M6 6DE

13 May 2026

Rayonhills Limited

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 30 September 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	80,000	80,000	133,651
Investment income	6	3,661	3,661	3,653
		--------	--------	---------
Total income		83,661	83,661	137,304
		--------	--------	---------

Expenditure

Expenditure on charitable activities	7,8	97,991	97,991	121,942
		--------	--------	---------
Total expenditure		97,991	97,991	121,942
		--------	--------	---------

	--------	--------	---------
Net (expenditure)/income and net movement in funds	( 14,330)	( 14,330)	15,362
	--------	--------	---------

Reconciliation of funds

Total funds brought forward	13,583	13,583	( 1,779)
	--------	--------	---------
Total funds carried forward	( 747)	( 747)	13,583
	--------	--------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Rayonhills Limited

Company Limited by Guarantee

Statement of Financial Position

30 September 2025

	2025	2024
Note	£	£

Fixed assets

Investments	14	104,286	109,764

Current assets

Cash at bank and in hand	9,567	18,569

Creditors: amounts falling due within one year	15	600	750
		-------	--------
Net current assets		8,967	17,819
		---------	---------
Total assets less current liabilities		113,253	127,583

Creditors: amounts falling due after more than one year	16	114,000	114,000
		---------	---------
Net liabilities		( 747)	13,583
		---------	---------

Funds of the charity

Unrestricted funds		( 747)	13,583
		----	--------
Total charity funds	17	( 747)	13,583
		----	--------

For the year ending 30 September 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

L Tauber

Trustee

Rayonhills Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 158 Cromwell Road, Salford, M6 6DE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Investment property

Investment property 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 income or expenditure. If a reliable measure of fair value is no longer available for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

5. Donations and legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

	Donations	80,000	80,000	133,501	133,501

Grants

Grants receivable type 1	–	–	150	150
	--------	--------	---------	---------
	80,000	80,000	133,651	133,651
	--------	--------	---------	---------

6. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Income from investment properties	3,660	3,660	3,652	3,652
Bank interest receivable type 1	1	1	1	1
	-------	-------	-------	-------
	3,661	3,661	3,653	3,653
	-------	-------	-------	-------

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Charitable activity	97,122	97,122	120,992	120,992
Support costs	869	869	950	950
	--------	--------	---------	---------
	97,991	97,991	121,942	121,942
	--------	--------	---------	---------

8. Expenditure on charitable activities by activity type

	Grant funding of activities	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Charitable activity	97,122	119	97,241	120,992
Governance costs	–	750	750	950
	--------	----	--------	---------
	97,122	869	97,991	121,942
	--------	----	--------	---------

9. Analysis of support costs

	Analysis of support costs	Total 2025	Total 2024
	£	£	£
General office	119	119	–
Governance costs	750	750	950
	----	----	----
	869	869	950
	----	----	----

10. Analysis of grants

	2025	2024
	£	£

Grants to institutions

Grants to Wlodowa Charity & Rehabilitation Trust	–	20,000
Grants to Shir Chesed Beis Yisroel	–	15,000
Grants to KH D'Satmar Ltd	6,250	16,350
Grants to Edupoor Ltd	–	10,000
Grants to Chasdei Sorele	–	10,000
Grants to Zoreya Tzedokos	4,500	4,000
Grants to Bederech Kovod	8,000	6,000
Grants to Care All Limited	10,000	–
Grants to Bemosh Ltd	12,040	–
Grants to Tchabe Kollel Ltd	14,000	–
Grants to institutions of less than £10,000	42,332	39,642
	--------	---------
	97,122	120,992
	--------	---------
Total grants	97,122	120,992
	--------	---------

11. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	600	750
	----	----

12. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

13. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

14. Investments

	Investment properties	Other investments	Total
	£	£	£
Cost or valuation
At 1 October 2024	44,992	64,772	109,764
Additions	–	–	–
Other movements	(5,478)	–	(5,478)
	--------	--------	---------
At 30 September 2025	39,514	64,772	104,286
	--------	--------	---------
Impairment
At 1 October 2024 and 30 September 2025		–	–
		--------	---------
Carrying amount
At 30 September 2025	39,514	64,772	104,286
	--------	--------	---------
At 30 September 2024	44,992	64,772	109,764
	--------	--------	---------

All investments shown above are held at valuation.

Investment properties

The UK investment property is an investment property in the UK in which the charity is part of a syndicate. The trustees consider the value as stated to be the market value.

15. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	600	750
	----	----

16. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Loans from associated companies	114,000	114,000
	---------	---------

17. Analysis of charitable funds

Unrestricted funds

	At 1 October 2024	Income	Expenditure	At 30 September 2025
	£	£	£	£
General funds	13,583	83,661	(97,991)	(747)
	--------	--------	--------	----

	At 1 October 2023	Income	Expenditure	At 30 September 2024
	£	£	£	£
General funds	(1,779)	137,304	(121,942)	13,583
	-------	---------	---------	--------

18. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Investments	104,286	104,286
Current assets	9,567	9,567
Creditors less than 1 year	(600)	(600)
Creditors greater than 1 year	(114,000)	(114,000)
	---------	---------
Net liabilities	(747)	(747)
	---------	---------

	Unrestricted Funds	Total Funds 2024
	£	£
Investments	109,764	109,764
Current assets	18,569	18,569
Creditors less than 1 year	(750)	(750)
Creditors greater than 1 year	(114,000)	(114,000)
	---------	---------
Net liabilities	13,583	13,583
	---------	---------

19. Related parties

L Tauber , a trustee of Rayonhills Limited , is also a director and shareholder of LT Projects Ltd and Cannon Street Estates Limited. R Tauber is also a shareholder of Cannon Street Estates Limited. In the year the charity received donations totalling £77,000 from LT Projects Ltd and £3,000 from Cannon Street Estates Limited. L Tauber is also a director and shareholder in Rowanhills Estates Ltd. Rowanhills Estates Ltd lent the charity £114,000 in previous periods as a long term loan. This loan is still outstanding.