|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|