| Report ofthe Trustees | 1 to 4 | |
|---|---|---|
| Independent Examiner's |
Report to the Trustees | |
| Statement of Financial | Activities | |
| Statement of Financial | Position | |
| Notes to the Financial Statements | 8to12 | |
| Detailed Statement of Financial Activities | 13 |
| The charity | is managed | is managed | is managed | with a view to it | with a view to it | with a view to it | being able to continue | being able to continue | its | charitable | charitable | activities | for | the foreseeable | future. | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Going concern | |||||||||||||||||||||
| The charity | continues | to prepare | accounts | on the going concern | basis | and | the trustees | do not see any going concern | issues for the | ||||||||||||
| foreseeable | future. | ||||||||||||||||||||
| STRUCTURE, GOVERNANCE | AND MANAGEMENT | ||||||||||||||||||||
| Governing | document | ||||||||||||||||||||
| The charity | is controlled | by its governing | document, a deed of |
trust, and constitutes | a limited company, | limited | by guarantee, | as defined | |||||||||||||
| by the Companies | Act | 2006. | |||||||||||||||||||
| REFERENCE AND | ADMINISTRATIVE | INFORMATION | |||||||||||||||||||
| Name ofCharity | Asbol Ltd | ||||||||||||||||||||
| Charity registration | number | 1044509 | |||||||||||||||||||
| Company | registration | number | 03019845 | ||||||||||||||||||
| Principal address | 27 Corfton | Road | |||||||||||||||||||
| London | |||||||||||||||||||||
| W5 2HP | |||||||||||||||||||||
| Trustees | |||||||||||||||||||||
| The trustees | and officers serving | during | the | year and since the | year end | were as follows: | |||||||||||||||
| Amos Lawless | |||||||||||||||||||||
| Gianluca Marcato |
|||||||||||||||||||||
| Association | Colombano | & | Bonifacio | ||||||||||||||||||
| Secretary | Amos Lawless | ||||||||||||||||||||
| Independent | examiner | Fergal Davern | FCA | ||||||||||||||||||
| Hardy House | |||||||||||||||||||||
| Noithbridge | House | ||||||||||||||||||||
| Berkhamsted | |||||||||||||||||||||
| Herts | |||||||||||||||||||||
| HP4 1EF | |||||||||||||||||||||
| Solicitors | Winkworth | Sherwood | |||||||||||||||||||
| Minerva House |
|||||||||||||||||||||
| 5 Montague | Close | ||||||||||||||||||||
| London | |||||||||||||||||||||
| SE19BB |
| Notes | Unrestricted | Restricted | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||
| Income and | endowments | from: | ||||||
| Donations | and legacies | 17,771 | 17,771 | |||||
| Charitable | activities | 84,000 | 84,000 | 84,000 | ||||
| Total | 101,771 | 101,771 | 84,000 | |||||
| Expenditure | on: | |||||||
| Charitable | activities | (81,181) | (840) | (82,021) | (74,921) | |||
| Total | (81,181) | (840) | (82,021) | (74,921) | ||||
| Net income/expenditure | 20,590 | (840) | 19,750 | 9,079 | ||||
| Reconciliation offunds |
||||||||
| Total funds | brought | forward | 1,911,141 | 70,120 | 1,981,261 | 1,972,182 | ||
| Total funds | carried | forward | 1,931,731 | 69,280 | 2,001,011 | 1,981,261 |
| Notes | 2022 | 2021 | ||
|---|---|---|---|---|
| f | ||||
| Fixed assets | ||||
| Tangible assets | 3,361,487 | 3,398,334 | ||
| 3,361,487 | 3,398,334 | |||
| Current assets | ||||
| Cash at bank and in hand | 14,876 | 10,649 | ||
| 14,876 | 10,649 | |||
| Creditors: amounts | falling due within one year | (7,656) | (5,287) | |
| Net current assets | 7,220 | 5,362 | ||
| Total assets less current liabilities | 3,368,707 | 3,403,696 | ||
| Creditors: amounts | falling due after more than one year | 10 | (1,367,696) | (1,422,435) |
| Net assets | 2,001,011 | 1,981,261 | ||
| The funds ofthe charity | ||||
| Restricted income funds |
69,280 | 70,120 | ||
| Unrestricted income funds |
1,931,731 | 1,911,141 | ||
| Total funds | 2,001,011 | 1,981,261 |
| 7.Comparative for the |
St | atem | ent of Financial Activities | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | ||||
| funds | funds | |||||
| Income and endowments | from: | |||||
| Charitable activities |
84,000 | 84,000 | ||||
| Total | 84,000 | 84,000 | ||||
| Expenditure on: |
||||||
| Charitable activities |
(74,081) | (840) | (74,921) | |||
| Total | (74,081) | (840) | (74,921) | |||
| Net income/expenditure | 9,919 | (840) | 9,079 | |||
| Reconciliation offunds |
||||||
| Total funds brought | forward | 1,901,222 | 70,960 | 1,972,182 | ||
| Total funds carried | forward | 1,911,141 | 70,120 | 1,981,261 | ||
| 8.Tangible fixed assets | ||||||
| Land and | ||||||
| Cost or valuation | Buildings | |||||
| At 01 January 2022 | 3,684,704 | |||||
| At 31 December 2022 | 3,684,704 | |||||
| Depreciation | ||||||
| At 01 January 2022 | 286,370 | |||||
| Charge for year | 36,847 | |||||
| At 31 December 2022 | 323,217 | |||||
| Net book values | ||||||
| At 31 December 2022 | 3,361,487 | |||||
| At 31 December 2021 | 3,398,334 | |||||
| 9.Creditors: amounts | falling | due within one year | ||||
| 2022 | 2021 | |||||
| Accruals and deferred | income | 7,656 | 5,287 | |||
| 7,656 | 5,287 |
| Credit | ors: | amounts falling due after more than one year |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| R | ||||
| Loans | and | overdrafts | 1,367,696 | 1,422,435 |
| 1,367,696 | 1,422,435 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | f | |||
| INCOME AND ENDOWMENT | ||||
| Donations and |
legacies | |||
| Donations. | 17,771 | |||
| 17,771 | ||||
| Charitable activities |
||||
| Rents | 84,000 | 84,000 | ||
| 84,000 | 84,000 | |||
| Total incoming | resources | 101,771 | 84,000 | |
| SUPPORT COSTS | ||||
| Finance costs | ||||
| Bank charges | (80) | (254) | ||
| Bank loan interest | (33,490) | (27,368) | ||
| (33,570) | (27,622) | |||
| Premises costs | ||||
| Council tax | (3,457) | (3,310) | ||
| Insurance | (6,091) | (5,587) | ||
| Depreciation | on freehold | property | (36,847) | (36,847) |
| (46,395) | (45,744) | |||
| Governance costs | ||||
| Accountancy | fees | (1,855) | (1,325) | |
| Legal fees | (201) | (230) | ||
| (2,056) | (1,555) | |||
| Total resources | expended | (82,021) | (74,921) | |
| Net Income | 19,750 | 9,079 |