REGISTERED COMPANY NUMBER: 04398313 (England and Wales) REGISTERED CHARITY NUMBER: 1103927
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR BEIS AHARON OF OLESK LTD
Versa Tax Solutions Ltd
9 Corbets Tey Road Upminster Essex RM14 2AP
BEIS AHARON OF OLESK
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5to 8 |
BEIS AHARON OF OLESK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
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 DETAILS
Registered Company number
04398313 (England and Wales)
Registered Charity number
1103927
Registered office
87 St Ann's Road London London N15 6NJ
Trustees
Mr S Dankowitz Businessman Mrs R Eichenstein Secretary Mr A L Eichenstein Property Management
Company Secretary
Mrs R Eichenstein
Independent Examiner
Versa Tax Solutions Ltd 9 Corbets Tey Road Upminster Essex RM14 2AP
Approved by order of the board of trustees on 17 July 2024 and signed on its behalf by:
Mr A L Eichenstein - Trustee
1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEIS AHARON OF OLESK
Independent examiner's report to the trustees of Beis Aharon Of Olesk ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts 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
-
the accounts 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.
Albie Turner Versa Tax Solutions Ltd 9 Corbets Tey Road Upminster Essex RM14 2AP
17-Jul-24
2
BEIS AHARON OF OLESK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | |||
| Fund | Total Funds | ||
| Notes | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and Legacies | 0 | 0 | |
| Investment Income | 2 | 141,326 | 123,571 |
| ----------------- | ----------------- | ||
| 141,326 | 123,571 | ||
| ----------------- | ----------------- | ||
| EXPENDITURE ON | |||
| Raising Funds | 3 | 8,865 | 814 |
| Charitable activities | |||
| Support Costs | 21,706 | 30,646 | |
| Donations | 114,812 | 90,881 | |
| ----------------- | ----------------- | ||
| 136,518 | 122,341 | ||
| ----------------- | ----------------- | ||
| NET INCOME | 4,808 | 1,230 | |
| RECONCILIATION OF FUNDS | |||
| Total Funds brought forward | 2,294,406 | 2,293,176 | |
| ----------------- | ----------------- | ||
| 2,299,214 | 2,294,406 | ||
| ----------------- | ----------------- |
The notes form part of these financial statements
3
BEIS AHARON OF OLESK
BALANCE SHEET 31 MARCH 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | |||
| Fund | Total Funds | ||
| Notes | |||
| FIXED ASSETS | |||
| Tangible Assets | 7 | 1,574,506 | 1,582,785 |
| CURRENT ASSETS | |||
| Debtors | 8 | 718,078 | 679,424 |
| Cash at Bank | 10,535 | 33,097 | |
| ----------------- | ----------------- | ||
| 728,613 | 712,521 | ||
| CREDITORS | |||
| Amounts falling due within one year | 9 | -3,905 | -900 |
| ----------------- | ----------------- | ||
| NET CURRENT ASSETS | 724,708 | 711,621 | |
| ----------------- | ----------------- | ||
| ----------------- | ----------------- | ||
| Total ASSETS LESS CURRENT LIABILITIES | 2,299,215 | 2,294,406 | |
| ----------------- | ----------------- | ||
| FUNDS | |||
| Unrestricted Funds | 2,299,215 | 2,294,406 | |
| ----------------- | ----------------- | ||
| TOTAL FUNDS | 2,299,215 | 2,294,406 | |
| ----------------- | ----------------- |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 17 July 2024 and were signed on its behalf by:
Mr A L Eichenstein - Trustee
The notes form part of these financial statements
4
BEIS AHARON OF OLESK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement a the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated usefu life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictio arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statement
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange rulin the date of transaction. Exchange differences are taken into account in arriving at the operating result.
5
BEIS AHARON OF OLESK NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 2. INVESTMENT INCOME | |
|---|---|
| 2023 2022 | 2024 |
| £ | |
| Rents received | 92,178 |
| Interest receivable - | 49,148 |
| ----------------- | |
| 141,326 | |
| ----------------- | |
| 3. RAISING FUNDS | |
| Raising donations and legacies | |
| 2024 | |
| £ | |
| Support costs | 21,706 |
| ----------------- | |
| Investment management costs | |
| 2024 | |
| £ | |
| Maintenance charges | 7,190 |
| ----------------- | |
| 7,190 | |
| ----------------- | |
| Aggregate amounts 31,460 21,651 | 28,896 |
| 4. NET INCOME/(EXPENDITURE) | |
| Net income/(expenditure) is stated after charging/(crediting): | |
| 2024 | |
| £ | |
| Depreciation - owned assets | 8,729 |
| ----------------- |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31st March 2023
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
6
2023
£
85,359 38,212 ----------------123,571 -----------------
2023 £
30,646
2023 £
8,038
----------------8,038 -----------------
38,684
2023 £ 9,199 -----------------
6
BEIS AHARON OF OLESK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | |||
| Investment income | 141,326 | 123,571 | |
| Total | |||
| EXPENDITURE ON | |||
| Raising funds | 8,865 | 814 | |
| Charitable activities | |||
| Donations | 114,812 | 90,881 | |
| ----------------- | ----------------- | ||
| Total | 123,677 | 91,695 | |
| ----------------- | ----------------- | ||
| NET INCOME | 4,808 | 1,230 | |
| Other recognised gains/(losses) | |||
| Gains on revaluation of fixed assets | 0 | ||
| ----------------- | ----------------- | ||
| Net movement in funds | 4,808 | 1,230 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 2,294,406 | 2,293,176 | |
| ----------------- | ----------------- | ||
| TOTAL FUNDS CARRIED FORWARD | 2,299,214 | 2,294,406 | |
| ----------------- | ----------------- | ||
| 7. TANGIBLE FIXED ASSETS | |||
| Freehold | Fixtures & | ||
| Property | Fittings | Totals | |
| £ | £ | £ | |
| COST | |||
| At 1 April 2023 and 31 March 2024 | 1,500,000 | 1,692,267 | 1,692,267 |
| ----------------- | ----------------- | ----------------- | |
| DEPRECIATION | |||
| At 1 April 2023 | 109,482 | 1,591,984 | |
| Charge for year | 8,279 | ||
| ----------------- | ----------------- | ----------------- | |
| At 31 March 2024 | 0 | 117,761 | 1,591,984 |
| ----------------- | ----------------- | ----------------- | |
| NET BOOK VALUE | |||
| At 31 March 2024 | 1,500,000 | 82,785 | 1,582,785 |
| ----------------- | ----------------- | ----------------- | |
| At 31 March 2023 | 1,500,000 | 91,984 | 1,591,984 |
| ----------------- | ----------------- | ----------------- |
7
BEIS AHARON OF OLESK NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
8. Debtors: Amounts Falling Due within One Year
| 8. Debtors: Amounts Falling Due within One Year | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Other Debtors | 718,078 | 679,424 | |
| ----------------- | ----------------- | ||
| 9. Creditors: Amounts Falling Due Within One Year | 2024 | 2023 | |
| £ | £ | ||
| Accruals and Deferred Income | 3,905 | 900 | |
| ----------------- | ----------------- | ||
| 10 Movement In Finds | |||
| Net | |||
| Movement in | |||
| At 1.4.23 | Funds | At 31.03.24 | |
| £ | £ | £ | |
| Unrestricted Funds | 1,179,822 | 4,808 | 1,184,630 |
| Realised Gain on Property Investment | 1,114,584 | 1,114,584 | |
| ----------------- | ----------------- | ----------------- | |
| Total Funds | 2,294,406 | 4,808 | 2,299,214 |
| ----------------- | ----------------- | ----------------- | |
| Net movement in funds are as follows: | |||
| £ | £ | £ | |
| Incoming | Resources | Movement in | |
| Resources | Expended | Funds | |
| General Fund | 141,326 | 136,518 | 4,808 |
| ----------------- | ----------------- | ----------------- | |
| Total Funds | 141,326 | 136,518 | 4,808 |
| ----------------- | ----------------- | ----------------- | |
| Comparatives for movement in fnds | |||
| Net | |||
| Movement in | |||
| At 1.4.22 | Funds | At 31.03.23 | |
| Unrestricted Funds | |||
| General Funds | 123,571 | -122,341 | 1,230 |
| Realised Gain on Property Investment | |||
| ----------------- | ----------------- | ----------------- | |
| 123,571 | -122,341 | 1,230 | |
| ----------------- | ----------------- | ----------------- |
11 Related Party Disclosures
There is £165,426 balance due from Moundfield Heights, also there is a balance of £182,864 from Heathcroft Investments There is £317,252 balance due from Kelrose Ltd also there is a balance of £49,532 from Manorwest Estates Ltd
8