2023-12-31-accounts

Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

COMPANY REGISTRATION NUMBER: 6621830

CHARITY REGISTRATION NUMBER: 1126661

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS

31 DECEMBER 2023

COHEN ARNOLD

Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

	PAGE
Trustees' Annual Report (Incorporating the Director's Report)	1
Independent Auditor's Report to the Members	5
Statement of Financial Activities (Including Income and Expenditure
Account)	11
Statement of Financial Position	12
Statement of Cash Flows	13
Notes to the Financial Statements	14

Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)

YEAR ENDED 31 DECEMBER 2023

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name The ABC Trust Ltd Charity registration number 1126661 Company registration number 6621830 Principal office and registered 79 Wargrave Avenue office London N15 6TU THE TRUSTEES Mr C S Goldman Mr J Paneth Mr J Jakobovits

COMPANY SECRETARY Mr C S Goldman AUDITOR Cohen Arnold Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is constituted as a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association.

New trustees are appointed based on personal competence, specialist skills, availability and knowledge of and contact with institutions professing and teaching the principles of traditional Judaism and the advancement of religion in accordance with the Jewish faith. New trustees are inducted into the workings of the charity by the existing trustees.

The trustees administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity and no benefits or expenses were paid in the period.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES

The charity's objectives are to improve the conditions of life and to develop the capacity and skills of socially and economically disadvantaged members of the Jewish and wider communities, in particular but not exclusively, in the London boroughs of Hackney and Haringey, in such a way that they are better able to identify and help meet their needs and to enable them to participate more fully in society.

To this end, the charity provides recreational and social welfare facilities for the benefit of the wider society in the Hackney area. Funds have been designated to assist with the further development of the property held for charitable purposes as a community centre and synagogue so that it can expand the services it provides. At the period end the charity held £187,240 as Designated Funds in respect of this.

In addition, the charity seeks to promote the advancement of education and training, the relief of poverty and sickness and distress and the promotion of good health both in the United Kingdom and abroad. During the period under review, funds were raised to support families under particular financial and emotional stress.

The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.

ACHIEVEMENTS AND PERFORMANCE

The Charity holds its property primarily for use as a community centre and a synagogue and for providing Jewish education. There are no restrictions as to who can attend and no charges made for the services provided.

During the year, the Charity made grants and donations of £4,136,041 (2022: 4,530,196) in accordance with its objectives to institutions which utilise the funds in a manner which accords with the Charity's objectives. The Charity also undertook charitable activities as identified in the notes to the Accounts. The financial results of the Charity for the period ended 31 December 2023 are fully reflected in the attached Financial Statements together with the Notes thereon.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

Reserves Policy

It is the policy of the charity to maintain Unrestricted Funds at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year.

As at 31 December 2023 the Charity had £1,426,608 (2022: £1,401,686) of Unrestricted Funds. Following the period end the Charity has received further donations enabling it to continue its charitable activities.

Grant making policy

The charity makes grants and donations to organisations and institutions for the advancement of religion and education and for the relief of poverty.

In making grants and donations, the trustees use their personal knowledge of the institutions, their representatives, operational efficiency and reputation. The trustees monitor the application of the grants and donations by meeting with representatives of the institutions and obtaining information as to the utilisation of funds.

PRINCIPAL RISKS AND UNCERTAINTIES

Risk management

The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to manage those risks.

PLANS FOR FUTURE PERIODS

The future plans of the charity are to continue to support organisations whose objectives are the advancement of religion and education and to institutions for the relief of poverty, and to support individuals in distress, whilst ensuring that the ability to generate sufficient income is maintained to achieve that end.

There are also plans for further development of the community centre. The charity was granted planning permission from Hackney Council to develop the centre. The building will have three floors and offer various communal facilities. It will also include a special roof to encourage biodiversity, whilst additionally being designed to compliment local streetscape, the neighbouring conservation area and the preferences of the local community.

TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)

(continued)

YEAR ENDED 31 DECEMBER 2023

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the applicable Charities SORP;

• make judgments and accounting estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITOR

Each of the persons who is a trustee at the date of approval of this report confirms that:

• so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and

• they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

The trustees' annual report was approved on 19 December 2024 and signed on behalf of the board of trustees by:

==> picture [134 x 37] intentionally omitted <==

Mr J Jakobovits Trustee

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ABC TRUST LTD

YEAR ENDED 31 DECEMBER 2023

OPINION

We have audited the financial statements of The ABC Trust Ltd (the 'charity') for the year ended 31 December 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charity's affairs as at 31 December 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;

• have been prepared in accordance with the requirements of the Companies Act 2006.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ABC TRUST

LTD (continued)

YEAR ENDED 31 DECEMBER 2023

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the trustees’ report, which includes the directors’ report prepared for the

• purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the directors’ report included within the trustees’ report has been prepared in accordance with

• applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept or returns adequate for our audit have not been

• received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

 the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ABC TRUST

LTD (continued)

YEAR ENDED 31 DECEMBER 2023

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ABC TRUST

LTD (continued)

YEAR ENDED 31 DECEMBER 2023

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• We obtained an understanding of the legal and regulatory frameworks that are applicable to the company through discussion with the directors and identified financial reporting legislation, landlord legislation and charity legislation as being most significant to these financial statements.

• We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with the laws and regulations.

• We discussed with the directors the policies and procedures regarding compliance with these legal and regulatory frameworks.

• We assessed the susceptibility of the company's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the directors during the planning and finalisation phases stages of our audit and by using proprietary disclosure checklists. The susceptibility to such material misstatement was determined to be low.

• Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ABC TRUST

LTD (continued)

YEAR ENDED 31 DECEMBER 2023

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

• Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ABC TRUST

LTD (continued)

YEAR ENDED 31 DECEMBER 2023

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

USE OF OUR REPORT

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr B Leigh (Senior Statutory Auditor)

For and on behalf of Cohen Arnold Chartered Accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

19 December 2024

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 DECEMBER 2023

				Period from
				1 Jul 21 to
		Year to 31 Dec 23		31 Dec 22
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	4,583,078	4,583,078	4,984,087
Investment income	6	49,303	49,303	76,468
		ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Total income		4,632,381	4,632,381	5,060,555
		৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
Expenditure
Expenditure on raising funds:
Investment management costs	7	–	–	(1,096)
Expenditure on charitable activities	8,9	(4,607,459)	(4,607,459)	(5,130,802)
		ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Total expenditure		(4,607,459)	(4,607,459)	(5,131,898)
		৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Net income/(expenditure) and net movement in funds		24,922	24,922	(71,343)
		৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward		1,401,686	1,401,686	1,473,029
		ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Total funds carried forward		1,426,608	1,426,608	1,401,686
		৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 14 to 23 form part of these financial statements.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2023

		2023		2022
	Note	£	£	£	£
FIXED ASSETS
Tangible fixed assets	15		1,521,650		1,449,852
CURRENT ASSETS
Debtors	16	487,479		399,082
Cash at bank and in hand		83,697		282,275
		ৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄ
		571,176		681,357
CREDITORS: amounts falling due
within one year	18	(132,403)		(548,690)
		ৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄ
NET CURRENT ASSETS			438,773		132,667
			ৄৄৄৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄৄৄৄ
TOTAL ASSETS LESS CURRENT
LIABILITIES			1,960,423		1,582,519
CREDITORS: amounts falling due
after more than one year	19		(533,815)		(180,833)
			ৄৄৄৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄৄৄৄ
NET ASSETS			1,426,608		1,401,686
			৶৶৶৶৶৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶৶৶৶৶৶
FUNDS OF THE CHARITY
Unrestricted funds			1,426,608		1,401,686
			ৄৄৄৄৄৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Total charity funds	20		1,426,608 ৶৶৶৶৶৶৶৶৶৶৶৶৶		1,401,686 ৶৶৶৶৶৶৶৶৶৶৶৶৶

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 19 December 2024, and are signed on behalf of the board by:

==> picture [134 x 37] intentionally omitted <==

Mr J Jakobovits Trustee

The notes on pages 14 to 23 form part of these financial statements.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD

COMPANY LIMITED BY GUARANTEE

STATEMENT OF CASH FLOWS

YEAR ENDED 31 DECEMBER 2023

		2023	2022
	Note	£	£
CASH FLOWS FROM OPERATING ACTIVITIES
Net income/(expenditure)		24,922	(71,343)
Adjustments for:
Depreciation of tangible fixed assets		57,237	14,473
Impairment of tangible fixed assets		–	225,443
Investment income		(49,303)	(76,468)
Interest payable and similar charges		41,435	30,420
Accrued expenses/(income)		26,720	(22,480)
Property outgoings		–	1,096
Changes in:
Trade and other debtors		(72,771)	(305,000)
Trade and other creditors		–	(4,196)
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
Cash generated from operations		28,240	(208,055)
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
Net cash from/(used in) operating activities		28,240	(208,055)
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of tangible assets		(129,035)	(65,229)
Rent received		33,677	78,036
Payments for expenditure on investment properties		–	(1,096)
		ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
Net cash (used in)/from investing activities		(95,358)	11,711
		৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of borrowings		(88,690)	(162,833)
Interest paid		(41,435)	(30,420)
		ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
Net cash used in financing activities		(130,125)	(193,253)
		৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶
NET DECREASE IN CASH AND CASH EQUIVALENTS		(197,243)	(389,597)
CASH AND CASH EQUIVALENTS AT BEGINNING OF	YEAR	280,940	670,537
		ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
CASH AND CASH EQUIVALENTS AT END OF YEAR	17	83,697	280,940
		৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶

The notes on pages 14 to 23 form part of these financial statements.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 79 Wargrave Avenue, London, N15 6TU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The charity meets the definition of a public benefit entity under FRS 102.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

Judgements and estimates made by the trustees, in the application of these accounting policies have significant effect on the financial statements as follows:

i. Trade and other debtors

Management uses details of the age of trade and other debtors and the status of any disputes together with external evidence of the credit status of the counterparty in making judgements concerning any need to impair the carrying values.

Taxation

The charity is not liable to direct taxation on its income or gains, whether realised or not, as it falls within the various exemptions available to registered charities. Notwithstanding a tax enquiry into the charitable activities of the charity, no provision for taxation has been included in the financial statements as it is not possible to quantify the taxation implications, if any, and the trustees are satisfied that the charity has applied all its funds for charitable purposes under English Law. The charity does not recognise any deferred tax liability on revaluations of investments as the charity would benefit from the relevant exemptions when it applies funds for qualifying charitable purposes.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES (continued)

Fund accounting

General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.

Restricted funds are funds subject to specific restricted conditions imposed by donors.

Designated funds are unrestricted funds which have been set aside at the discretion of the trustees for specific purposes. Designated Funds have been formed to assist with the acquisition and development of the property primarily held for charitable purposes as a community centre and a synagogue to be used for the benefit of the wider society in the Hackney area. Designated funds represent donations received by the Charity which the Trustees have earmarked for these purposes, less amounts expended in in connection with the aforementioned property.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• income from property is recognised on an accrual basis.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

 expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

 expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

 other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Governance Costs

Include costs of the preparation and examination of Statutory Accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

Acquisitions and disposals of properties

Acquisitions and disposals of properties are considered to take place at the date of legal completion and are included in the financial statements accordingly.

Tangible assets

All fixed assets are initially recorded at cost.

Land and buildings held primarily for charitable use are included in the financial statements at cost or at market value if the market value falls below the carrying amount in accordance with SORP FRS 102.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Right of Use Asset - 25% straight line Fixtures and fittings - 15% reducing balance Library - 15% reducing balance

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES (continued)

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

4. LIMITED BY GUARANTEE

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

5. DONATIONS AND LEGACIES

5.	DONATIONS AND LEGACIES
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	DONATIONS
	Donations received	4,583,078	4,583,078	4,984,087	4,984,087
		৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
6.	INVESTMENT INCOME
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Interest receivable and similar income	–	–	19	19
	Rental income	49,303	49,303	76,449	76,449
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
		49,303	49,303	76,468	76,468
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

7. INVESTMENT MANAGEMENT COSTS

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Property repairs and maintenance
	charges	–	–	1,096	1,096
		৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
8.	EXPENDITURE ON CHARITABLE	ACTIVITIES BY FUND TYPE
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Charitable activities	4,562,358	4,562,358	5,105,532	5,105,532
	Support costs	45,101	45,101	25,270	25,270
		ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
		4,607,459 ৶৶৶৶৶৶৶৶৶৶৶৶৶	4,607,459 ৶৶৶৶৶৶৶৶৶৶৶৶৶	5,130,802 ৶৶৶৶৶৶৶৶৶৶৶৶৶	5,130,802 ৶৶৶৶৶৶৶৶৶৶৶৶৶

9. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE

	Activities
	undertaken	Grant funding		Total funds	Total fund
	directly	of activities	Support costs	2023	2022
	£	£	£	£	£
Charitable activities	426,317	4,136,041	–	4,562,358	5,105,532
Governance costs	–	–	45,101	45,101	25,270
	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
	426,317	4,136,041	45,101	4,607,459	5,130,802
	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶

10. ANALYSIS OF SUPPORT COSTS

	Analysis of
	support costs	Total 2023	Total 2022
	£	£	£
General office	–	–	2,295
Finance costs	2,047	2,047	4,785
Governance costs	43,054	43,054	18,190
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	45,101	45,101	25,270
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

11. ANALYSIS OF GRANTS

All grants and donations were paid to charitable institutions for the purposes of either the advancement of education, the alleviation of poverty or the furtherance of religion. The charity is affiliated with Bobov institutions in the UK and overseas.

The composition of donations is shown below.

The composition of donations is shown below.
	£
Bilava Congregation	245,211
Bobov Institutions	3,350,972
Cong. Ohr Mordechai	97,996
Cong. Zichron Binyamin	80,281
Yeshiva Sharey Limud	65,950
Tomchei Shabbos Chasdei Sarah	64,075
The Rehabilitation Trust	44,820
Cong. Dover Sholom	37,423
Shaar Hashamayim	29,800
Sundry donations less than £20,000	119,513
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
	4,136,041
	৶৶৶৶৶৶৶৶৶৶৶৶৶

12. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Net income/(expenditure) is stated after charging/(crediting):
	2023	2022
	£	£
Depreciation of tangible fixed assets	57,237	14,473
Fees payable for the audit of the financial statements	20,760 ৶৶৶৶৶৶৶৶৶	15,820 ৶৶৶৶৶৶৶৶৶

Other fees payable to the auditors aggregate £12,720 in the year.

13. STAFF COSTS

The average headcount of employees, including trustees, during the year was 3 (2022: 3).

No salaries or wages have been paid to employees, including the trustees, during the year.

14. TRUSTEE REMUNERATION AND EXPENSES

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

15. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
	Land and	Fixtures and
	buildings	fittings	Library	Total
	£	£	£	£
Cost
At 1 January 2023	1,400,000	108,992	50,172	1,559,164
Additions	129,035	–	–	129,035
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
At 31 December 2023	1,529,035	108,992	50,172	1,688,199
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
Depreciation
At 1 January 2023	–	79,438	29,874	109,312
Charge for the year	49,759	4,433	3,045	57,237
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
At 31 December 2023	49,759	83,871	32,919	166,549
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
Carrying amount
At 31 December 2023	1,479,276	25,121	17,253	1,521,650
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
At 31 December 2022	1,400,000	29,554	20,298	1,449,852
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶

Included in Land and Buildings is a freehold property held at cost less any impairment which has a carrying value at 31 December 2023 of £1,330,000. The building is held primarily for charitable purposes for use as a community centre and synagogue and for providing Jewish education.

After the year end, the charity started a redevelopment project where they have demolished the building and have started to rebuild the community centre which would be better equipped to meet their charitable activities.

16. DEBTORS

DEBTORS
	2023	2022
	£	£
Trade debtors	34,708	19,082
Prepayments and accrued income	11,743	–
Other debtors	441,028	380,000
	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
	487,479	399,082
	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶

Included in other debtors is a charitable loan for the amount of £295,000 owed by Hatzola Trust Limited who has a trustee/director in common with the the charity. The amount is interest free and repayable after more than one year.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

17. CASH AND CASH EQUIVALENTS

Cash and cash equivalents comprise the following:

Cash and cash equivalents comprise the following:
	2023	2022
	£	£
Cash at bank and in hand	83,697	282,275
Bank overdrafts	–	(1,335)
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
	83,697	280,940
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶
CREDITORS: amounts falling due within one year
	2023	2022
	£	£
Bank loans and overdrafts	84,000	527,007
Accruals and deferred income	41,040	14,320
Other creditors	7,363	7,363
	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
	132,403	548,690
	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶

18. CREDITORS: amounts falling due within one year

No provision for taxation is included in the financial statements as noted in the taxation accounting policy.

19. CREDITORS: amounts falling due after more than one year

Bank loans and overdrafts

2023	2022
£	£
533,815 ৶৶৶৶৶৶৶৶৶৶	180,833 ৶৶৶৶৶৶৶৶৶৶

The bank loans are secured by a first legal charge over the Charity's Freehold Property with a book value of £1,330,000. The bank loan was refinaced after the year end with a new loan.

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Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

20. ANALYSIS OF CHARITABLE FUNDS

Unrestricted funds

Unrestricted funds
					At
	At			31	December
	1 January 2023	Income	Expenditure	Transfers	2023
	£	£	£	£	£
General funds	1,221,042	4,625,785	(4,607,459)	–	1,239,368
Designated Fund -
Building Fund	180,644	6,596	–	–	187,240
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
	1,401,686	4,632,381	(4,607,459)	–	1,426,608
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
					At
	At			31	December
	1 July 2021	Income	Expenditure	Transfers	2022
	£	£	£	£	£
General funds	1,054,709	5,057,559	(5,131,898)	240,672	1,221,042
Designated Fund -
Building Fund	418,320	2,996	–	(240,672)	180,644
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
	1,473,029 ৶৶৶৶৶৶৶৶৶৶৶৶৶	5,060,555 ৶৶৶৶৶৶৶৶৶৶৶৶৶	(5,131,898) ৶৶৶৶৶৶৶৶৶৶৶৶৶	– ৶৶৶৶৶৶৶৶৶৶	1,401,686 ৶৶৶৶৶৶৶৶৶৶৶৶৶

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

	Unrestricted	Total Funds
	Funds	2023
	£	£
Tangible fixed assets	1,521,650	1,521,650
Current assets	571,176	571,176
Creditors less than 1 year	(118,403)	(118,403)
Creditors greater than 1 year	(547,815)	(547,815)
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Net assets	1,426,608	1,426,608
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶
	Unrestricted	Total Funds
	Funds	2022
	£	£
Tangible fixed assets	1,449,852	1,449,852
Current assets	681,357	681,357
Creditors less than 1 year	(548,690)	(548,690)
Creditors greater than 1 year	(180,833)	(180,833)
	ৄৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄৄ
Net assets	1,401,686	1,401,686
	৶৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶৶

- 22 -

Docusign Envelope ID: E1991A30-C2D6-49A6-A17A-DAA55193675E

THE ABC TRUST LTD COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

22. FINANCIAL INSTRUMENTS

The carrying amount for each category of financial instrument is as follows:

		2023	2022
		£	£
Financial assets that are debt instruments measured at amortised		cost
Financial assets that are debt instruments measured at amortised
cost		487,479	399,082
		৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶
Financial liabilities measured at amortised cost
Financial liabilities measured at amortised cost		666,218	729,523
		৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶
ANALYSIS OF CHANGES IN NET DEBT
			At
	At 1 Jan 2023	Cash flows	31 Dec 2023
	£	£	£
Cash at bank and in hand	282,275	(198,578)	83,697
Bank overdrafts	(1,335)	1,335	–
Debt due within one year	(525,672)	441,672	(84,000)
Debt due after one year	(180,833)	(352,982)	(533,815)
	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄ
	(425,565)	(108,553)	(534,118)
	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶

23. ANALYSIS OF CHANGES IN NET DEBT

24. OPERATING LEASE COMMITMENTS

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

Not later than 1 year

2023	2022
£	£
7,163 ৶৶৶৶৶৶৶	48,600 ৶৶৶৶৶৶৶৶৶

25. RELATED PARTIES

Investment income includes £9,013 of rental income received from a charity who has a trustee in common with the charity.

Donations received include amounts aggregating £77,630 from companies/charities with directors/trustees in common with those of the charity and £4,000 paid personally from one of the trustees.

Expenditure on charitable activities includes a donation of £1,420 paid to The Union Of Orthodox Hebrew Congregations which has a trustees in common with the charity.

- 23 -