Oocusign En¥el)pe ID.. O7D69DBA-D6514C344375E9A96D93l COMPANY REGISTRATION NUMBER: 07413901 CHARITY REGISTRATION NUMBER: 1139322 The AA Trust Company Limited by Guarantee Unaudited Financial Ststements For the ye8r ended 30 Sep¢emb¢r 2023 COHEN ARNOLD Chartered Accountant New Burlinglon House 1075 Finchley Road LONDON NWII OPU
DorAJfAgn Env81ope ID.. o7D69DBA-D6s14¢344375E9AW9306 The AA Trust Company Limlted by Guarantee Financial Statements Year end¢d 30 September 2023 Page Trustees, annual report (incorpornting the directotrs report) Jndepend¢nt examiner's report to the trustees Statement of financial activities (including income and expenditur¢ account) Siatement of financial position Notes to the finAn¢ial statements
DoGu*gn Env8lope ID.. 07D69DBA-CN5514C34437&D5E9A96D9308 The AA Trust Company Limited by Guarantee Trustees, Annual Report Oneorporating the Director's Report) Year ended 30 September 2023 The trustees, who are also the director5 for the purpos¢s of company law, present their report and the unaudited financial statements of the charity for the year ¢nded 30 September 2023. Reference and administrotive detaib Registsred charity name Charity registration number Company registration number 07413901 Principal office and rtgistered Lower Ground Floor office 43 Statnford Hill London N16 5SX The AA Tn]st 1139322 The trustees Mr A Lipschttz Mrs D Ost Mrs E Lipschitz Asher Sfrmlicht, FCA Cohen Amold New Burlington House 1075 Finchlcy Road LONDON NWII OPU Independent examiner Structure? governanee and management Structure The chariiy is an incorwrated entity limited by guarantee established on 20 Octoixr 2010. The Trustees adtninist¢r th¢ day-to-day affairs of the Charity. All Trustees give their time voluntarily and no benefit or expense was paid to tkm in the year. Govern#nce and managem¢nt The Artitl¢s of Association provide for a minimum of three trustees. It is not CUeilY the intention of the Trustees of ihe Charity to appoint new Trustees. Should the situation change in the future. the Trustees will provide suitable recruitment training and induction procedures. Risk managem¢nt The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those relating to tlie operations and finance5 of the C1i2rity, and are satisfied that the systems are in place to manage those risks.
DoGusign Envdope ID.. 07D69D8A-06514C3¥837K15E9A96D9306 The AA Trust Company Limited by Guarantee Tru5tees' Annual Report (Incorporating the Director's Report) {coMiln¥ed) Year ended 30 September 2023 Objectives and activities Objective5 The company is established to further those purposes for the publi¢ benefit as are exclusively haritable according to the laws of England and Wales as the trustees may determine and in particular, but not exclusively,: l. The relief of poverty particularly but not exclusively among peOnS of ihe Jewish hith in any part of the world. 2. The advaneement of the Jewish religion in any part of the world. 3. The advancement of the eduL7tion of the public in any part of the world in the knowledge of the Jewish religion and Jewish history and culture. 4. Such other charitsble purposes for t benefit of petsons particularly but not exclusively of the Jewish faith in any part of the world as the trusteff shall from time to time decide. Activlties The charity makes grants to various institutions and bodies which are identifIed by the trustees as advancing the objcetives of the charity. The charity's principal income was gen¢rated from the charity's inves(meni properties. Public benefit The trustees have COT)sidered the Charity Commission's guidance on public benefit and consider that the dwity conforms With them. Achievements and performance During the year the charity ¢onlinued its philonthropic activities and its support of its charitable objects with grants and donations totalling £140,287. Financial review The financial position of the charity is satisfactory. The charity's financial statements show a net surplus of £51,618 (2022.. £2,548) and lotal reserves of £1,855,653 (2022.. £1,804,035). Incorne from donations aggregated £58,000, and income from investments aggregated £237,331. Net income from the charity's investment properties aggregated £196,250. Th¢ financial results of the charity's activities for the year to 30 September 2023 are fully flected in the attached financial statements together with thc notes thereon. Investment policy The trustees have set a wlicy that ihe expendable endowment Suld be invested so as to maximise the total return with a low levcl of risk. Reserves policy It is the policy of the charity to maintain unrestri¢ted funds at a level which the Trustees ¢onsider appropriate after taking account of its future commitments. Plans for future periods The Charity plans to continue the activities outlined above in the forthcoming years subject to Salisfactory incoming resources.
DDtyJgn Envelope ID.. 07D69DBA.D6514C3U37&05E9A96D9306 The AA Trust Company Limited by Guarantee Trustees, AnnuAI Report (Incorporating the Director's Report} letsled) Y¢aT ended 30 September 2023 Small company prOs1OnS This report has been prepared in accordance with the provisions applicable to companies entitled to the sma]I cotnpanies exemption. The trustees, annual report approved on .lfl JuLy..ZoL and signed on behalf of the board of trustees by- 5D14SEÈ9AFgO4UO_ Mr A Lipsehitz Trustee
Docusign Envelope ID.. 07D69DBA-D6514C34437&DSE9A96D9306 The AA Trust Company Limited by Guarantee JndepeThdent ExamiDer's Report to the Trustees of The AA Trust Year ended 30 September 2023 I report to the tDJstees on my examin2tion of the finan¢i&l statements of The AA Trust (Xhe charity,) for the year ended 30 SepleJnb¢r 2023. Responsibilities and b&sis of report As the trustees of the company (and also its directors for the purpos¢s of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 A,). Having satisfied mys¢lf ihai the accounts of the company are not required to be audited under Part 16 of the 2006 A and are eligible for independent examination, I report in re$ct of my examiDltion of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Aet,). In canying out my examination I have followed the Directions given by the Charity Comwnission under section 145(5)(b) of the 2011 ACL Independent examiner's ststement Since the charity's gross in¢om¢ exceeded £250,000 your examiner must be a member of a trx)dy listed in section 145 of th¢ 2011 Act. I confirm that l am qualified to undertake the examination baUse I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW). which is one of the listed bodies. I have completed my examination. I confirm that no matters have Come to my attention in ColeCtIOn with the examination griving Ine cause to believe.. accounting re¢ords were not kept in respecl of the charity 83 required by seclion 386 of the 20[ Act. or the financial sthtements do not accord with those record5- or the financial aleInents do not comply with the accounting requiretnents of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fail view which is not a matt¢r considered part of independent examination. or the financial statements hve not been prepared in accordance with the methods and principles of the Statement of Recomtnended Practice for a¢¢ounting and reporting by ¢hArities applicable lo 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 oih¢r matters in connection with the examination lo which attention should be drawn in this report in order to enabl¢ a proper underslanding of the accounts to be reached. Aslier StemlichL FCA Cohen Arnold Independent Examiner New Burlinglon House 1075 Finchley Road LONDON NWII OPU 2q JVLY 2oZf
Oocusign Env&lope ID.. 07D69DBA-D6514C344375-DSEgA96D93(K8 The AA Trust Company Limited by Guarantee Statement of Financial Activities (including income and expenditure aceounl) Year ended 30 September 2023 Peri1 from INov21to 30 Sep 22 Year to 30 Sep 23 Unrestricted funds Total funds Total funds Notr Income and endoiyments Donations and legacies Investment income 58,th)0 237,331 5&000 237J31 295J31 55,090 173.530 228.620 To¢#1 income 295,331 Expenditure Expenditure on raising funds.. Investment management costs Expenditure on choritable activities Total expenditure (40.143) (40,143) (40,959) (203,570) (203,570) (185,113) (243,713) (243,713) (226,072) Net ineome and net movement in funds 51,618 51,618 2,548 Reeoncilialion ol funds Total funds brought fo)Ivard Total funds carried forward 1,804,035 1.855,653 1004,035 1055,653 1,801.487 1,804,035 The statement of financial a¢livilies includes all gains and105ses recognised in the year. All income and expenditure derive from continuing activities. The on pagt$ 7 to 12 forrn partof these financigl $tllfemen
Oocusign Envdopelo.. 07D69DBA-0651-4CW8379D5E9A96D9306 The AA Trust Company Limited by Guarantee Statement of Financial Position 30 September 2023 2023 2022 Not¢ Fixed assets InvesttDents io 2,750,INIO 2,750,Cth) Current assets Debtors Cash at bank and in hand li 33,983 1&577 6,154 4,495 49,560 10.649 Creditors: amounts falling due within one year Net current liabilities 12 (83,305) (68,618) (33,745) 2,716,255 (57,969) 2,692,031 Total assets less current liabilitie5 Creditors: amounts falling due after more than one year Net assets 13 (860,61J2) 1,855,653 (887,996) ,804,035 Funds of the charity Unrestiicted funds ,855,653 1,855,653 1,804,035 Total charity fllnds 14 1,804.035 For ihe year ending 30 Seplctnber 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. re5ponsibilities'. The members have not r¢quired the company to obtain an audit of its finan¢ial statements for the year in question in accordance with seclion 476- The ditEctors acknowledge their responsibililies for complying with the requirements of the Act wth respect to accounting records and the preparation of financial slatcentS. These financial ststements have been prepared in accordance with the provisions applicable to companies subject to Ihe smill comronies, regirne. These financial statements were approved by the board of tn]stees and authorised for issue on .. 3VL¥..Ac.¥Y , and are sign¢d on behalf of the board by.. Do¢&1•¥.. 1 5ÈE¥AF MrAi rf, Ipsc Trustee rhe notes on p*gtg 7 to 12 part olihes¢ fin#neig15tstetrJeThls.
twJcu3ign Envdope ID.. 07069OBA-D6514C34-8375-D6E9A96D9306 The AA Trust Company Limited by Guarantee Notes to the Financial Statements Year end¢d 30 September 2023 General information The charity is a public benefit entity aT)d a private company limil¢d by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of th¢ registered office is Lowcr Ground Floor, 43 Stamford Hill, LA)ndon, N16 5SX. ststement occompliance These financial statements have been prepared in Compliance with FRS 102, 'The FinaDrial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Pradice applicable to charities preparing their a¢counts in accoidance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Ad 2006. Aecounting policies Basis of preparation The financial statements have been prepared on the hisiori¢al cost basis, as Tnodified by the revaluation of certain financial assets and liabilities and investment properties measured ai fair value through income or expenditure. The financi ststement5 are preparoj in sterling, which is the functional currency of the entity. Going concern Tliere are no Materi uncertainties about th¢ charity's ability to continue. Dts¢losure exemptions Th¢ ¢ntity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow stateTnent been presenied for the company. (b) Disc]ureS in respect of financial instruments have not been presented. Judgements and key sources of estimatlOD llncertainty The preparalion of the financial statements requires rnanagement to Tnake judgements. estiTn2tes and assumptions that affect the amounts report¢d. These estimates and judgemenls att continually reviewed and are based on experience and other factors, iluding expedations of future events that are believed to be reasonable under the circumstances.
Do¢u5ign EnveJpe ID.. O7D69DBA-D6S14C344375sE6093( The AA Trust Company Limited by Guarantee Notes to the Financial Statements (cominwedj Year ended 30 September 2023 Accounting policies (e&nllhed) Resourtts 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 statemem of finan¢ial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events. non-charitable trading activities. and the sale of donated goods. expenditure on ¢haritable activities includes all costs incurred by a charity in undertaking activilies that further its charitable aims for the ben¢fil of its beneficiaTies, including those support costs and costs relating to the governance of the ¢harity apportion¢d io charitsble 8ctiviiies. other expenditure includes all expenditure that is ncither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the us¢ of the resource. Direct costs atts'ibutable to a single activity are allo¢ared directly to tIHi activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable a] consi51enl basis. Financial instruments A financial asset or a financial liability is recognised only when the entity be¢omes a p8Jty to the contractual provisions of the instrumenl. Basic financial inslwTnents are initially recognis¢d at the amount Tr£eivable or payable including any related transaction cosrs, unless the arrangement constitules a financing transaction, where it is rognISed at the present value of the future payments discounied at a market rate of interest for a similar debt instrument. Current assets and Current liabilities are subsequently me&8ured ai the cash or other considerntion expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Llmlt&l by guarantee The AA Trust is a company limited by guarantee and a¢cordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 lo the asseis of the company in the eveni of ils being wound up while he or she is a membeT, or within one year after ceasing to be a membcr.
Docuslgn Ewdope ID.. 07D69DBA-D6514C3M3754)5E9A96D9306 The AA Trust Company Limited by Guarantee Notes to the Financial Statements fconllnwed) Year ended 30 September 2023 Donations and leg#eies Unreslrict¢d Total Fund5 Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donations 58,IKJO 58,(M)O 55,090 55.tr)0 IDvestment income Unrestricted Total Fundi Unrestricted Total Funds FuT)ds 2023 Funds 2022 In¢ome from invtment properties Other interest receivable 236,393 938 236a93 938 173,530 173,530 237,331 237J31 173,530 173,530 Analysis of grants Year to 30 Sep 23 Grant5 10 institutions Yeshuos Shabbos Kahal ch5]diM Bobov Mosdos Hatorah Pnei Menachem Ltd Ovos Ubonimlyagdil Torah Friends of Bobov Kollel Yeshu&g Chaim Amud Hatzdokoh Trust Cong. Wyoel Moshe D'satmer Charitable Trust UTRY 22JOO lo,(0 lo,0 7,98S 5,955 4,750 Success Stories Viznitz Institutions Trust Collel Chibath Yerushalayim Other grants below £3,000 4.IMIO 3,620 35,581 130,991 Grgnts to individuals Grants to individuals 9,296 140,287 Tota] grants Grants were made in pUUl1 of the charity's objects in tlie fields of religion, education and the relief of poverty.
Oowslgn Envdop8 ID.. 07D69DBA-D6514C3U37&D5E9A96D93L The AA Trust Company Limited by Guarantee Notes to the Finaneial Statements (¢trfvllA#edJ Year ended 30 September 2023 Independent examination fees Period from Yearto l Nov 21 to 30 Sep 23 30 S¢p 22 Fees payable to the independent examiner for= Independent examination of the financial statements 3240 3.180 Trustee remuneration and expeTrses No iemuneralion or other nefits from employmeni with the charity or a related entity were received by the trle¢s. 10. Investm¢nts Investment properties Falr value At l October 2022 #lid 30 September 2023 Impairment At l October 2022 and 30 Swtember 2023 Carryingamount At 30 September 2023 AI 30 September 2022 2,7SO,(MK) 2,750,000 2.750,000 All investments shown above are held at valuation. Investment properties Investment property is initially recorded at cosL which includes purchase price and any directly attributable expendilwe. Investment property is revalued to ils fair value at each reporting dite by the trustees and any changes in fair value are TognIsed in profil or loss. 11. Debtors 2023 2022 Prepayments and acGru¢d income Other debtors 2,483 31,500 33,983 953 5,201 6,154 io
Docusign Env81op8 ID.. 07D69D8A_DE514C34-837KJ5E9A96DY305 The AA Trust Cotnpany Limited by Guarantee Notes to the Financial Statemellts (cyntltttseél Year ended 30 September 2023 12. Creditors: amounts falling due within one year 2023 2022 Mortgage loans Accrua15 and deferred in¢ome Other creditors 22JOO 6.480 54.525 22,298 6,480 39,$40 68,618 83,305 13. Creditors.. amounts falling due after more than one yer 2023 2022 Mortgage loans Bank loans and overdraft5 Other creditors 756J35 16,667 87,600 765,729 26,667 95,600 887,996 86Q602 14. Analysis of charitble funds Unrestri¢t¢d funds At30 Sep(ember 2023 At l October 2022 Income Expenditure General funds Fair value reserve 412,089 1.391,946 295,331 (243,713) 463,707 lJ91,946 1,804.035 295.331 (243.713) I55,653 At l Noyember 2021 At30 September 2022 Income Expenditure General funds Fair value reserve 409,541 lJ91,946 1,801.487 228,620 (226.072) 412,089 1,391,946 (226,072) 1.804,035 228.620
Docusign Envdopg ID.. 07D69DBA-D6514C34-837&D6E9A96D9306 The AA Trust Company Limited by Guarantee Notes to the Financial Statements [con1eI Y¢ar ended 30 Sept¢mber 2023 15. Analysi$ of net assets between funds Unr¢stricted Total Funds Funds 2023 Investments Current &ssets Creditors les5 than l year Creditors greater than l year Nel asstts 2,750,(K)O 2,750,0 49.560 49,560 (83.305) (83 JQS) (860,602) (860,602) 1,855,653 1.855,653 Unrestricted Total Funds FuT]ds 2022 Inveslrnents CeI assets Creditors less than l year CdItorS greater than l year Ne.t assets 2,750,(M)o 2,750,(M)O 10,649 10.649 {68,618) (68,618) (887,996) (887.996) 1,804,035 1.804,035 12