REGISTERED COMPANY NUMBER: 01393918 (England and Wales) REGISTERED CH.4RITY NLIMBER: 1128559 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL ST.4TEMENTS FOR THE YEAR ENDED30 JUNE 2023 FOR ALYMOS LIMITED Versa Accountant5 Ltd Chartered Certified Accountants Uiiit 2 99-101 Kingsland Road London E2 8AG
ALYMOS LIMITED COIYTENTS OF THE FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Page Report of the Trustees Independent Examiner's Report St#t¢ment of Fin#n¢ial Activities Balan¢e Sheet Notes to the Financial Stxtements 7 to 12 Detailed Statement of Financial Attiwities 13
ALYMOS LIMITED REPORT OF TIIE TRLSTEES FOR THE YEAR EIYDED 30 JUNE 2023 Tl)e trustees wl)o are also directors of the charity for the purposes of the Comparties Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accountin8 and Reporting by Charities.. Statement of Recommended Pr8¢ti¢e appli¢Jble to charities preparing tl)eir a¢¢oui)ts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective I January 2019). OBJECTIVES AND ACTIVITIES Objecti>'es and aim5 The charitv main objectives are.. the advanceinent of educatioll according to the tenets of the Orthodox Jewish Faith. the relief of poi'erty and sickness. The charity's funds are distributed to intended beneficiaries as soon as they become available and in line with the charit5 S obj¢ctlV¢5. Signific#nt a¢tiwitie$ The charity receives rental income from property investments. FINANCIAL REVIEW Reserves polity It is the policN' of the charity that unrestricted fiJnd5 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 itl the event of a significant dTOP in fvnding. This level of Teserves has been maintained throughout the year. STRUCTIIRE, COVERliANCE AND MANACEMENT Governing document Tl)e Lharity is Colltrolled by its governii)g document, a deed of trusL and constitutes a lin)ited 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 exe¢utive Mrs Y Domb. REFERENC.E AND ADf*iiNISTRATIVE DETAILS Registered Company Number 01393918 IEngland and Wales) Registered ChArity number 1128559 Registered office Lnit2 99-101 Kingsland Road London E2 8AG Trustees Mi. M BlumenbeTg Teacher Mr A Sirom Teacher M15 Y Domb Nursery ManageT Mr S Domb Trustee Comphny Secretary Mrs R Strom Page I
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALYMOS LI1[TED Independent examiner's report to the trustees of Alvmos Limited I'the Company,) T port to the ¢hai"ity trustees on my examii)ation of the accounts ot'the c.ompany for the year ended 30 June 2023. Responsibilities #thd basis of report As the charity's trustees of the Company (and also its directors for the purpose5 of company law) you are responsible for the preparation of tl)e accounts in a¢cordance with the requiremenis of tl)e Companies Act 2006 ('¢he 2000 A¢t'). Having satisfied Inyself that the a¢coiints ofihe Company are not required to be audited urtder Part 16 ot-the 2006 Aci and are eligible for independent examination. I report in respect of my examination of your charity'5 account5 as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'l. In carr}'ing out my examination I have followed the Direction5 given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner s staternent Since your charity's gross income exceeded £?50,000 your examiner must be a member of a listed body. I can confjrm that l am qualified to undettske the exainiiiation because l am a Inember of the ERROR- relevant professional body Inu5t be completed which is one of the listed bodies. I haN'e completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to b¢lieve". accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do not accoTd '1th those records; or the accounts do not complv with the accounting requirements of Section 396 of the ?006 Act other than any requireinent that the accouRt5 give a true and fair view which is not a matter considered as part of an indepei)dent examination; or the accounts have not been prepaTed in accoTdance witl) the methods and principles of the Statetnent of Recommended Practice for accounting and reponing by charities (applicable to charities preparing their accounts in a¢¢ordall¢e witl) the Financial Reporting Svandard applicable in the UK and Republic of Irelaiid IFRS 102)). T have t)0 ¢on¢erns and l)ave come a¢TOSS l)0 other matters in conne¢tiot) with the examination to which attention should be drawn in this report in order to enable a proper Lderstanding of the accollnts to be reached. Mr Albie S Turner Versa Accountants Ltd Chartered Ctrtifitd Accountants Lnit2 99-101 Kingsland Road London E2 8AG 30 November 2023 Page 3
ALYMOS LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EIYDED 30 JUNE 2023 2023 Ui)restri¢ted fund 2022 Total nds Notes INCOME AYD EYDOWMENTS FROM Donations and lega¢ies 293,213 341,500 Investment in¢ome Total 27.870 321,083 341,500 EXPENDITIJRE ON Raising fui)d5 3.642 19.223 Charitable activities Donations to charitable causes 273,375 231,500 Other Total 36,000 313,017 33,734 284.457 Net gains on investments 488,694 ET INCOME 8,066 545,737 REC.ONCILIATION OF FUYDS Total fiinds brought forward 1,849,223 1,303,486 TOTAL FUNDS CARRIED FORWARD 1,857,289 1,849,22.3 The notes form part of these financial statements Page 4
ALYMOS LIMITED BALANCE SHEET 30JUNE 2023 2023 Ui)restri¢ted fund 2022 Total nds Notes FIXED ASSETS Investments 1,306,959 1,306,959 CURRENT ASSETS Debtor5 Cash at bank 724,612 4.244 728,856 720,766 2.085 722.851 CREDITORS Amounts falling due within one year {21,1001 (13,3941 ET CURRENT ASSETS 707,756 709,457 TOTAL ASSETS LESS CURRENT LIABILITIES 2,014,715 2,016,416 CREDITORS Amounts falling due afttT Tnore tlian one year 10 {iO,8351 (40,6021 PROVISIONS FOR LIABILJTIES 12 (126,5911 (126,5911 ET ASSETS 1,857,289 1.849,223 FUNDS LIiTe5trirted fund5 TOTAL FIINDS 1,857,289 1,857.289 1,849,22i 1,849,?2.3 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended.-?O June 2023. The members have not required the compans, to obtain an audit of its financial statements for the year ended 30 June 2023 in a¢cordart¢e witl) Sectioi) 476 of the Companies.4ct 2006. The trustees acknowledge their responsibilities for (al ensuring ihat the charithble company keeps a¢¢ountiiig re¢ords that comply wilh Seciion$ 386 artd 387 of the Coinpanie5 Act 2006 and preparing financial %tatements whi¢h give a tru¢ and fair vieiv of the slate of affairs of the ¢haritable 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 Section$ 394 and 395 and which otherwise comply with the reqiiirements of the Companies Act 2006 relatiiigF to financial state¢t5. 50 far as applicable to the charitable conipany. (bl The notes form part of these financial statements Page 5 continued...
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ALYMOS LIMITED OTES TO TIIE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 30 JUNE 2023 ACCOUNTIIYG POLICIES Bas15 of preparing the financial 5tAtements The tii)an¢ial statemen14 Ot. the charitable company. which is a public benefit entity under FRS 102, hai'e been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice appli¢able ta charilies preparing their ac¢ounis in ac¢ordan¢e with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective l January ?0191', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Repllblic of Ireland, and the Companies Act 2006. The financial Statements have been prepared undeT the historical cost conventioll. with the exception of investments which are incliided at market value, as modified by the revaluation of certain assets. Ineome All iiicome is recoglli5ed in tht Stateinent of Financial Activities oiice the charity has entitlemellt to the funds. it 15 probable that the income will be received and the amount can be measured reliably. E%penditure 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 i¥ill be required in settlemeiit and the amount ot the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been cla5sifJed under heading5 that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actikities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been mei at the year end date are noted as a commitment but not accTued as expenditure. Taxation The chariry is exempt from corporation tax on its charitable activities. Fund aceoullting UnStriCted lui)ds Can be used in ac¢ordan¢e with the Charitable objectives at the dIre1701) of the trustees. Restri¢ted funds ¢an only be used for parti¢iilar resiricted purposes wiihiii the objecis ot. the ¢harity. Restriciions arise when specified by the donor OT iylien fullds are raised for particular restricted purposes. Further explaiiation of the nature and PUTPOSe of each fund is included in the note5 to the financial statements. Foreign eurrencies Asscts and liabilitics in foreign currencie5 are translated into sterling at the rates of exchange ruling at the balance Sheet date. TTan5actlOll5 in foT¢ign currtncie5 are tTanslated into 5teTlingy at the rate of exchang¢ ruling at the date of transaction. Exchange differences are taken into accouni in arriving at the operating result. INVESTMENT INCOME 2023 2022 Interest r¢c¢ivable- Irading 27,870 Page 7 continued...
ALYMOS LIMITED OTES TO TIIE FINANCIAL STATEMENTS- continued FOR THE YEAR EIYDED 30 JUNE 2023 RAISING FUNDS Raising donAtiot15 alld legacies 2023 2022 Support ¢osis 3,642 4,192 TRUSTEES, REMUNERATION AND BENEFITS Shimon Domb who is a trustee, has been employed by the charity, he recieved £ 36,000 in remuneration, in the year ended 30th June 2023.{?022- £ 12500) Tru$tt¢$' ¢xptn$e$ TheTe weTe no trustees, expenses paid for the year ended 30 June 2023 nor for the year ended JO June 2022. STAFF COSTS The average monthly number of employees during the year was as follows.. 2023 2022 Trustee No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricied fund INCOME AND ENDOWMENTS FROTrI Donations and legacies 341.500 EXPENDITIIRE or4 Raising funds 19.223 Charitable activities Donations to charitable causes 231,500 Other Total 33,734 284.457 Net gains on investments 488,694 NET INCOME 545,737 RECONCILIATION OF FUNDS Total ndS brought forward 1,303,486 Page 8 continued...
ALYMOS LIMITED OTES TO TIIE FINANCIAL STATEMENTS- continued FOR THE YEAR EIYDED 30 JUNE 2023 COMPARATIVES FOR THE STATEMENTOF FINANCIAL ACTIVITIES- continued Urtrestricted nd TOTAL FUNDS CARRIED FORWARD 1,849,223 FIXED ASSET INVESTMENTS Unlisted investments MARKET I'ALUE At l July ?022 and 30 June 2023 NET BOOK VALUE At 30 June 2023 At 30 June 2022 1.306,959 1.306,959 1,306.959 TheTe weTe no investment a55ets outside the UK. C05t or valuation at 30 June 2023 is represented by.. Unli5ttd investments Valuation in 2020 Valuation in ?021 Valuation in 2022 Cost 444,146 115,743 488,694 258 376 1,306,959 DEBTORS: AMOUNTS FALLIIYG DUE WITHIN OIYE YEAR 2023 2022 AmoiinLS owed by group undertakings Other debtors 162,850 561.762 724,612 9.3,500 627,266 720,766 Page 9 continued...
ALYMOS LIMITED OTES TO TIIE FINANCIAL STATEMENTS- continued FOR THE YEAR EIYDED 30 JUNE 2023 CREDITORS: AMOUNTS FALLING DUE IVITHIN ONE YEAR 2023 2022 Trade ¢reditors Social Security and other taxes Net Wages Accrued expense5 7,591 10,808 2.700 21,100 4,694 6,000 2,700 13,394 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 20?2 Bank loans (see note I l) 30,835 40,602 LOANS An analysis of the Imaturity of loans is given below". 2023 2022 Amounts fallirtg due in more than five years.. Repavable by instalm¢nts: Bank loans mOTe 5 yr by iiistal 30.835 40,602 12. PROVISIONS FOR LIABILITIES 2023 2022 Deferred Tax Provision 1 ?6,591 1 ?6,591 13. MOVEMENT IN FUNDS Net movement in funds At 30.6.23 At 1.7.22 Unrestritted funds General fund 1.849,223 8,066 1.857.289 TOTAL FUNDS 1,849.?23 8.066 1,857.289 Net Tnowen)ent in fui)d5, included in the above are as follows.. Incoiming resources Resources expended Moveiment in funds Unrestritted funds General fund 321,083 {313,017) 8,066 TOTAL FIINDS i21,083 i13,017 8,066 PagFe l O continued...
ALYMOS LIMITED OTES TO TIIE FINANCIAL STATEMENTS- continued FOR THE YEAR EIYDED 30 JUNE 2023 13. MOVEMEf4T IN FUNDS- continued CompArAtives for movement in funds Net movement in funds At 30.6.22 At 1.7.21 Unrestricted funds General fllnd 1,303,486 545,737 1,849,223 TOTAL FUNDS 1.303,486 545,737 1.849,2?3 Comparative net movement in fi]nds, included in the above are as folloivs.. Incoming resources Resources expended Gains and Ios5e5 Movement in fund5 Unrestritted funds General 341,500 {284,457) 488,694 545,737 TOTAL FLTNDS 341,500 {284,457 488,694 545,737 A current year 12 months and prior year 12 months combined position is as follows.. Net moveinent in funds At 30.6.23 At 1.7.21 Unrestricted funds General fund 1.303,486 553,803 1.857,289 TOTAL FUNDS 1.303,486 553,803 1,857,289 .4 current year 12 months and prior year 12 months Combined net movement in funds, in¢luded in the al)ove are as follows.. Incoilling resollrces Resources expended Gains and losses Moveiment in funds Unrestritted funds General fuiid 66? 583 {597,474) 488,694 553,803 TOTAL FUNDS 662,583 {597,474) 488,694 553,803 PagFe I I continued...
ALYMOS LIMITED OTES TO TIIE FINANCIAL STATEMENTS- continued FOR THE YEAR EIYDED 30 JUNE 2023 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 June 2023. 12
ALYMOS LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EIYDED 30 JUNE 2023 2023 2022 INCOME AYD EYDOWMENTS Donatlolls and legacie5 Donations 293,213 341,500 It)v¢stment incom¢ Interest receivable- trading Tot#1 incoming resources 27,870 321,083 341,500 EXPENDITURE Other trading activities Bank interest 15,031 CharitAble Aetivities Grants to institutions 273.375 2i1.500 Other Wages Social security Deferred Tax posted 36,000 12,051 1,471 20,212 i3.734 i6,000 Support costs FLDance PAYE Interest Bai)k charges 172 70 242 60 60 GovernAnee costs Accountsncy fees Bank interest 2,700 882 3,582 313,017 8,066 2,700 1.250 3.950 284,457 57,04.3 Total re50urce5 expended ¢t in¢om¢ before gains lowes Reali$ed r¢¢ognis¢d gains and lo$s Realised gainsl(losses) on fixed asset investments Trqet income 488.694 545,737 8,066 This page does not fom part of the statutory financial statements 13