REGISTERED COMPANY NUMBER: 01393918 (England and Wales) REGISTERED CHARITY NUMBER: 1128559
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
FOR
ALYMOS LIMITED
Versa Accountants Ltd Chartered Certified Accountants Unit 2 99-101 Kingsland Road London E2 8AG
ALYMOS LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
ALYMOS LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022
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 30 June 2022. 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).
OBJECTIVES AND ACTIVITIES Objectives and aims
The charity main objectives are:
-
the advancement of education according to the tenets of the Orthodox Jewish Faith.
-
the relief of poverty and sickness.
The charity's funds are distributed to intended beneficiaries as soon as they become available and in line with the charity's objectives.
Significant activities
The charity receives rental income from property investments.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three to six months expenditure. The trustees consider this to be sufficient to continue the charities activities in the event of a significant drop in funding. This level of reserves has been maintained throughout the year.
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.
Organisational structure
The day to day management of the charity is delegated by the trustees to the chief executive Mrs Y Domb.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01393918 (England and Wales)
Registered Charity number
1128559
Registered office
Unit 2 99-101 Kingsland Road London E2 8AG
Trustees
Mr M Blumenberg Teacher Mr A Strom Teacher Mrs Y Domb Nursery Manager Mr S Domb Trustee
Company Secretary
Mrs R Strom
Page 1
ALYMOS LI,MITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUIYE 2022 RF.FF.RENCE AND ADMINISTRATIVE DETAILS Jndependent Examiner Versa Accountants Ltd Chartered Certified Accountants Unit 2 99-101 Kingsland Road London E2 8AG AppToved by order of the board of trustees on 16 December 2022 and signed on its behalf by. MT A Strorn- Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALYMOS LIMITED
Independent examiner's report to the trustees of Alymos Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Mr Albie S Turner FCCA Versa Accountants Ltd Chartered Certified Accountants Unit 2 99-101 Kingsland Road London E2 8AG
16 December 2022
Page 3
ALYMOS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Raising funds 3 Charitable activities Donations to charitable causes Other Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2022 Unrestricted fund £ 316,409 25,091 341,500 4,192 231,500 33,734 269,426 488,694 560,768 1,303,486 1,864,254 |
2021 Total funds £ 20,000 - |
|---|---|---|
| 20,000 | ||
| 2,699 128,896 106,379 |
||
| 237,974 | ||
| 569,253 | ||
| 351,279 952,207 |
||
| 1,303,486 |
The notes form part of these financial statements
Page 4
ALYMOS LIMITED
BALANCE SHEET 30 JUNE 2022
| Notes FIXED ASSETS Investments 6 CURRENT ASSETS Debtors 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 9 PROVISIONS FOR LIABILITIES 11 NET ASSETS FUNDS 12 Unrestricted funds TOTAL FUNDS |
2022 Unrestricted fund £ 1,306,959 735,797 2,085 737,882 (13,394) 724,488 2,031,447 (40,602) (126,591) 1,864,254 1,864,254 1,864,254 |
2021 Total funds £ 818,265 642,297 2,003 644,300 (2,700) 641,600 1,459,865 (50,000) (106,379) 1,303,486 1,303,486 1,303,486 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
The notes form part of these financial statements
Page 5
continued...
ALYMOS LIMITED BALANCE SHEET- eolltillued 30 JL'NE 2022 These finaneial $terellts have been prep2red in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statcrncnt5 were approved by the Board of Trustees and authoTised for issue on 16 December 2022 and were signed on its behalf by-. Mr A Strom- Trus*e The notes fomi part of these financial statemen Page 6
ALYMOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it 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 and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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. Restrictions 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 statements.
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 ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Interest receivable - trading | 25,091 | - |
continued...
Page 7
ALYMOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
3. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Support costs | 4,192 | 2,699 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 20,000 |
| EXPENDITURE ON | |
| Raising funds | 2,699 |
| Charitable activities | |
| Donations to charitable causes | 128,896 |
| Other | 106,379 |
| Total | 237,974 |
| Net gains on investments | 569,253 |
| NET INCOME | 351,279 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 952,207 |
| TOTAL FUNDS CARRIED FORWARD | 1,303,486 |
continued...
Page 8
ALYMOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
6. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1 July 2021 Revaluations At 30 June 2022 NET BOOK VALUE At 30 June 2022 At 30 June 2021 There were no investment assets outside the UK. Cost or valuation at 30 June 2022 is represented by: Valuation in 2020 Valuation in 2021 Valuation in 2022 Cost 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts owed by group undertakings Other debtors |
2022 £ 93,500 642,297 735,797 |
Unlisted investments £ 818,265 488,694 1,306,959 1,306,959 818,265 Unlisted investments £ 444,146 115,743 488,694 258,376 1,306,959 2021 £ - 642,297 642,297 |
|---|---|---|
continued...
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ALYMOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Social security and other taxes 4,694 Net Wages 6,000 Accrued expenses 2,700 13,394 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2022 £ Bank loans (see note 10) 40,602 10. LOANS An analysis of the maturity of loans is given below: 2022 £ Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 40,602 11. PROVISIONS FOR LIABILITIES 2022 £ Deferred Tax Provision 126,591 12. MOVEMENT IN FUNDS Net movement At 1.7.21 in funds £ £ Unrestricted funds General fund 1,303,486 560,768 TOTAL FUNDS 1,303,486 560,768 Net movement in funds, included in the above are as follows: Incoming Resources Gains and resources expended losses £ £ £ Unrestricted funds General fund 341,500 (269,426) 488,694 TOTAL FUNDS 341,500 (269,426) 488,694 |
2021 £ - - 2,700 2,700 2021 £ 50,000 2021 £ 50,000 2021 £ 106,379 At 30.6.22 £ 1,864,254 1,864,254 Movement in funds £ 560,768 560,768 |
|---|---|
continued...
Page 10
ALYMOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.7.20 £ Unrestricted funds General fund 952,207 TOTAL FUNDS 952,207 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 20,000 (237,974) TOTAL FUNDS 20,000 (237,974) A current year 12 months and prior year 12 months combined position is as follows: At 1.7.20 £ Unrestricted funds General fund 952,207 TOTAL FUNDS 952,207 |
At 1.7.20 £ Unrestricted funds General fund 952,207 TOTAL FUNDS 952,207 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 20,000 (237,974) TOTAL FUNDS 20,000 (237,974) A current year 12 months and prior year 12 months combined position is as follows: At 1.7.20 £ Unrestricted funds General fund 952,207 TOTAL FUNDS 952,207 |
Net movement in funds £ 351,279 351,279 Gains and losses £ 569,253 569,253 Net movement in funds £ 912,047 912,047 |
At 30.6.21 £ 1,303,486 1,303,486 Movement in funds £ 351,279 351,279 At 30.6.22 £ 1,864,254 1,864,254 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 361,500 361,500 |
Resources Gains and Movement expended losses in funds £ £ £ (507,400) 1,057,947 912,047 (507,400) 1,057,947 912,047 |
|---|---|---|
continued...
Page 11
ALYMOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2022.
Page 12
ALYMOS LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Interest receivable - trading Total incoming resources EXPENDITURE Charitable activities Grants to institutions Other Wages Social security Deferred Tax posted Support costs Finance PAYE Interest Bank charges Governance costs Accountancy fees Bank interest Total resources expended Net income/(expenditure) before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income/(expenditure) |
2022 £ 316,409 25,091 341,500 231,500 12,051 1,471 20,212 33,734 172 70 242 2,700 1,250 3,950 269,426 72,074 488,694 560,768 |
2021 £ 20,000 - 20,000 128,800 - - 106,379 106,379 - 96 96 2,699 - 2,699 237,974 (217,974) 115,743 (102,231) |
|---|---|---|
This page does not form part of the statutory financial statements
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