**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: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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 - (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. The notes form part of these financial statements Page 5 continued... ALYMOS LIMITED BALANCE SHEET- eolltillued 30 JL'NE 2022 These finaneial $￿ter￿ellts 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... Page 9 **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 Page 13