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ROUND ISLAND LTD

Registered charity 1151474 · accounts filings on the Charity Commission register

Latest income
£499k
Latest spending
£295k
Registered
2013
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity generated a surplus of £129,864 from rental income, increasing its unrestricted reserves to £1,510,575. However, the charity holds significant long-term liabilities of £1,029,948 secured against its investment properties, resulting in a net current asset deficit of £2,701,378. The trustees confirm the charity has adequate resources to continue as a going concern.

What the accounts disclose

Reserves policy: a level which the Trustees think appropriate considering the future commitments of the Charity and the likely administrative costs of the charity next year at a minimum (held: £1.5m)
“It is the policy of the charity to maintain unrestricted funds, which are free reserve of the Charity, at a level which the Trustees think appropriate considering the future commitments of the Charity and the likely administrative costs of the charity next year at a minimum.” — page 4
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Round Island Ltd owes £456,106 to Mr I Reich, a Trustee of Round Island Ltd.
“In addition, Round Island Ltd owes £456,106 to Mr I Reich, a Trustee of Round Island Ltd.” — page 22
“As at 31st December 2023 Peaktop Investments Ltd, an associated undertaking of Round Island Ltd, owes Round Island Ltd £392,221.” — page 22
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Peaktop Investments Ltd, an associated undertaking, owes Round Island Ltd £392,221.
“In addition, Round Island Ltd owes £456,106 to Mr I Reich, a Trustee of Round Island Ltd.” — page 22
“As at 31st December 2023 Peaktop Investments Ltd, an associated undertaking of Round Island Ltd, owes Round Island Ltd £392,221.” — page 22
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Venitt and Greaves.

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£499k£295k
31/12/2023£411k£281k
31/12/2022£445k£217k
31/12/2021£243k£69k
31/12/2020£256k£72k

Common questions

Is ROUND ISLAND LTD financially healthy?

The accounts state that the charity generated a surplus of £129,864 from rental income, increasing its unrestricted reserves to £1,510,575. However, the charity holds significant long-term liabilities of £1,029,948 secured against its investment properties, resulting in a net current asset deficit of £2,701,378. The trustees confirm the charity has adequate resources to continue as a going concern. Its FY2023 accounts were audited by Venitt and Greaves.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
OYY LUBAVITCH BOYS SCHOOL1£121k
YAD VEACHISOMOCH L'CHAIM1£62k
CHARITWORTH LIMITED1£30k
M AND L COHEN CHARITABLE TRUST1£19k
RINA CHARITABLE TRUST1£15k

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