ROUND ISLAND LTD
The principal activity of the company in the year under review was that of advancement of education and religious practice in accordance with the teachings of the Orthodox Jewish faith and relief of poverty.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased to £2,121,218, driven by rental income of £499,017 and a net gain on investments of £182,500. The charity maintains a significant asset position with investment properties valued at £5,415,962, though it carries substantial long-term bank loans totaling £2,246,573. The trustees report adequate income streams and asset positions to continue operations for the foreseeable future.
What the accounts disclose
“The charity is funded by rental income generated by it's investment properties.” — page 4
“It is the policy of the charity to maintain unrestricted funds, which are free reserves 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 for the next year at a minimum.” — page 4
“In addition, Round Island Ltd owes £456,106 to Mr I Reich, a Trustee of Round Island Ltd.” — page 23
“During the period Round Island Ltd sent £20,000 to Eagletop Ltd as part of an investment opportunity, an entity which shares a Director with Round Island Ltd (Mr I Reich). The trustees then decided the funds could be used better elsewhere and the money was returned in full.” — page 23
“In addition, Round Island Ltd owes £456,106 to Mr I Reich, a Trustee of Round Island Ltd.” — page 23
“During the period Round Island Ltd sent £20,000 to Eagletop Ltd as part of an investment opportunity, an entity which shares a Director with Round Island Ltd (Mr I Reich). The trustees then decided the funds could be used better elsewhere and the money was returned in full.” — page 23
“In addition, Round Island Ltd owes £456,106 to Mr I Reich, a Trustee of Round Island Ltd.” — page 23
“During the period Round Island Ltd sent £20,000 to Eagletop Ltd as part of an investment opportunity, an entity which shares a Director with Round Island Ltd (Mr I Reich). The trustees then decided the funds could be used better elsewhere and the money was returned in full.” — page 23
“In addition, Round Island Ltd owes £456,106 to Mr I Reich, a Trustee of Round Island Ltd.” — page 23
“During the period Round Island Ltd sent £20,000 to Eagletop Ltd as part of an investment opportunity, an entity which shares a Director with Round Island Ltd (Mr I Reich). The trustees then decided the funds could be used better elsewhere and the money was returned in full.” — page 23
Property (HM Land Registry)
Trustees
- ISAAC REICHchair
- DAVID KLEIN
- MALKA REICH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
Per its FY2024 accounts: The accounts state that unrestricted funds increased to £2,121,218, driven by rental income of £499,017 and a net gain on investments of £182,500. The charity maintains a significant asset position with investment properties valued at £5,415,962, though it carries substantial long-term bank loans totaling £2,246,573. The trustees report adequate income streams and asset positions to continue operations for the foreseeable future. Its FY2024 accounts were audited by Venitt and Greaves.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHARITWORTH LIMITED | 2 | £130k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £708k |
| OYY LUBAVITCH BOYS SCHOOL | 1 | £121k |
| YAD VEACHISOMOCH L'CHAIM | 1 | £62k |
| SABENO LIMITED | 1 | £24k |
| M AND L COHEN CHARITABLE TRUST | 1 | £19k |
| RINA CHARITABLE TRUST | 1 | £15k |
| THE BENZI DUNNER SCHOOLS TRUST | 1 | £10k |
Charities like this
- SANBRI LTD
- KARLIN LONDON
- BEIS MENACHEM CHABAD LUBAVITCH
- SHULEM B. ASSOCIATION LIMITED
- SOCIETY FOR EDUCATION LIMITED
- ENTINDALE LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ROUND ISLAND LTD | £499k | — | 0 | above | — | no doubt |
| SANBRI LTD | £2.9m | — | 0 | unclear | — | no doubt |
| KARLIN LONDON | £179k | — | 0 | unclear | — | noted |
| BEIS MENACHEM CHABAD LUBAVITCH | £705k | Under £60,000 | 0 | unclear | — | noted |
| SHULEM B. ASSOCIATION LIMITED | £5.1m | — | 0 | below | — | no doubt |
| SOCIETY FOR EDUCATION LIMITED | £420k | — | 0 | unclear | — | no doubt |