**Company Registration No. 7601874 Charity Registration No. 1142995** **SETHINGTON LIMITED UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2023** ## **SETHINGTON LIMITED DIRECTORS / TRUSTEES REPORT YEAR ENDED 30 APRIL 2023** The trustees, who are also directors for the purposes of company law, present their report and accounts for the year ended 30 April 2023. ## **Reference and Administrative Details** **Trustees** Mr J Friedman Mr J Grunfeld Mr S B Finkelstein **Company Registration No** 7601874 **Charity Registration No** 1142995 **Registered Office** Kyver & Dale Suite 101, Pride House Shanklin Road London N15 4FB **Independent Examiner** Jacob Jakobovits Kyver & Dale Consultants Ltd Suite 101, Pride House Shanklin Road London N15 4FB ## **Structure and Objectives** The charity is constituted as a company limited by guarantee and is therefore governed by its Memorandum and Articles of Association. There are no investment restrictions. The above trustees served throughout the period and there are no other trustees. The Board has the power to appoint additional trustees, as it considers fit. The objects of the charity are: - 1. To advance the education of Jewish pupils according to the tenants of the Orthodox Jewish religion by providing and assisting in the provision of appropriate facilities needed for such purposes, and; 2. To promote any purpose that the trustees may decide and that is legally considered charitable. The charity carries out its objects by way of giving grants to institutions. All decisions are made by a majority vote of the Trustees. ## **Developments and Activities** The charity is a grant making charity. The trustees consider that the performance of the charity this period has been most satisfactory. The trustees have identified the risks to which the charity may be exposed and systems have been established to mitigate these risks. Grants are made to such charity organisations whose trustees are known to the trustees of the charitable company in amounts thought appropriate. The trustees have had due regard to guidance published by the Charity Commission, including public benefit guidance. During the year, the charity made grants and donations of £12,050 (2022 - £34,500). - 1 - DtREcfoRS I TRusfFIS REFORT RcsL¥v&4 of £946297 {2022. £923.046) ￿￿C￿ent the fixfAI aq¢ts (including rvrnluation Ttsuve) swLs rw)t yet disthThllt¢d. The l¢v¢l offimditig is *le4u* ty s4VXtthe of the cknrity's ¥c¢ivitie& finan¢ial whith giv¢ a tnh¢ aryl fair vi¢w of th¢ *al¢ ofaffairs of ¢bwilabl¢ ¢ompany al th¢ end of the year. Thae MUA b¢ in w)Id￿l% with applioble l•w and r¢guknIi￿ and in with United Kin8dLM Bive atn￿ and fairviewofthe s*ofaff8iTroftheclwit*Aec(rfDpany of itswlusordeficit forth# FtTi(xL d to a￿ble than io l¥l￿re that fitt1￿181 *awtta)tscuhply with the Comp￿1¢$ Ad 2(￿. The ITu$i¢¢%are also rtsportsible for Af¢gu&rdin8 th¢ 8$8¢L8 of the Comp￿Y ar•J heott for t4knD8 reawDabl¢ sty for th¢ - 6 1£/22 ￿ Si8D>I on bdmif of theBo•xd of Tn*< nftld TNS April 21r2J 7wbi¢h c4)mwise the Statemtfjt of FTDwKial AL*ivitic4 the BalaDc¢ Sl*d and tdaknl nctt& The trLLAett of the eh*ity (a￿1 al&J its foT the t￿r￿m}￿S of o)mpoDy law) arc Tr4￿￿sible for at1￿ ofthe XL¥bUDts J¢rordanc¢with th¢wu1r¢o￿ts of theCc4npknies Act 2006 ('the 2006 Act.). The di[￿lor8 Coositsthat an wdit is not rwuyAed for this ycaruth St£tiL¥L 144 of ￿ c￿eTItiCS Act 2011 (th¢ 2011 Having satisfied mysdf thot ￿)Unts of thc Com￿nYwE rquirol to bc a￿lted Part 16 ofthe JX Aa8rtd eiigiblt for Indep￿￿( ¢￿ID￿ I repryt ID resP￿tOr my exwin•lion ofyow¢h•rity's Kdiu. For Kybrr& Ikk Co￿l￿nts IAd Suitc 101. Pridc HlM￿ SboDkJin R(4vJ IA>TwJon N15 4FB ## **SETHINGTON LIMITED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 APRIL 2023** |Notes
**Income**
Donations
Investment Income
3
**Total Income**
**Expenditure**
Investment costs
4
Charitable expenditure
5
Administrative expenses
6
**Total Expenditure**
**Net Income for the Year**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**2023**
Unrestricted
Funds
**Total Funds**
£
£
16,500
**16,500**
25,861
**25,861**
42,361
**42,361**
(5,920)
**(5,920)**
(12,050)
**(12,050)**
(1,140)
**(1,140)**
(19,110)
**19,110**
23,251
**23,251**
923,046
**923,046**
946,297
**946,297 **|2022
Total Funds
£
10,000
33,675| |---|---|---| |||43,675| |||(9,530)
(34,500)
(1,140)| |||(45,170)| |||(1,495)
924,541| |||923,046| - 4 - 20Z3 2022 Tan￿1)le A&Yts 791 SX11265 15.1K#) io 25J73 32198 47•YI 592 4SJ16 UDrGStriLtul fuThJs aluthi rwern of £27.OT2 i￿1 21a)6 1itr¢ Act) rdw to tht audit of the ￿￿ents for th¢ y¢w by vtrtue of 477, and that no embe1(Yrne￿bm baye Tequ*l an audit pIr￿nt to 476 of the ACL I. E￿ill8 th¢ ClrfDPay T•X)rth vAJith ￿pIY *dion 386 of the and 2. Fwing fi￿11] whi¢h give ar¥J fair view of the ￿ of affairs of the 88 th¢ end of the fir￿￿1?1 year and of its profft or loss for the fin￿￿la1 year in ￿￿orda￿t with the )mpdnw¢x•nirtion. *¢ sig￿1 thwbrj￿Ifby. Mrj Grunttld Tru*cc Company Rcgi%t on o- 7fA11874 ## **SETHINGTON LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 30 APRIL 2023** ## 1) **General Information** The charity is a private company limited by guarantee, registered in England and a registered charity in England. The registered office is located at Kyver & Dale, Suite 101 Pride House, Shanklin Road London N15 4FB. ## 2) **Accounting policies** ## **Basis of Accounting** The accounts have been prepared under the historical cost convention and in accordance with the Companies Act and applicable accounting standards including the SORP (FRS 102) subject to the revaluation of certain fixed assets and the non-provision of depreciation thereon. The presentation currency is sterling. ## **Going Concern** The accounts have been prepared on a going concern basis as there are no material uncertainties about the charitable company’s ability to continue. ## **Investment property** Freehold investment property was valued by the directors/trustees at open market value as at the yearend based on their knowledge of the market. No depreciation is charged on this. The management has concluded that based on this treatment the company’s financial position and performance are fairly presented. ## **Depreciation** Depreciation is calculated so as to write off the cost of the Fixtures and Furniture, less its estimated residual value over its useful economic life at 15% using the reducing balance method. |||**2023**|||2022|| |---|---|---|---|---|---|---| |||Unrestricted|**Total**|Unrestricted||Total| |||Funds|**Funds**|Funds||Funds| |||£|**£**|£||£| |**3)**|**Investment Income**|||||| ||Income from UK investment property|25,861|**25,861**|33,675||33,675| |**4)**|**Investment cost**|||||| ||Repairs and maintenance|4,254|**4,254**|7,620||7,620| ||Management fees|506|**506**|588||588| ||Professional fees|-|**-**|-||-| ||Insurance|686|**686**|848||848| ||Letting Fees|-|**-**|-||-| ||Depreciation|474|**474**|474||474| |||5,920|**5,920**|9,530||9,530| |**5)**|**Charitable expenditure**|||||| ||Donations paid|12,050|**12,050**|34,500||34,500| |**6)**|**Administrative Expenses**|||||| ||Accountancy fees|540|540|540||540| ||Independent Examiners fees|600|600|600||600| ||General Expenses|-|-|-||-| |||1,140|1,140|1,140||1,140| - 6 - ## **SETHINGTON LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 30 APRIL 2023** (Continued) |||**Freehold**|**Fixtures &**|**Total**| |---|---|---|---|---| |||**Property**|**Fittings**|**£**| |**7)**|**Tangible Assets**|||| ||Cost at 01 May 2022|900,000|5,656|**905,656**| ||Additions|-|-|**-**| |||900,000|5,656|**905,656**| ||Depreciation brought forward||4,391|**4,391**| ||Charge for the year||474|**474**| ||||4,865|**4,865**| ||**Value carried forward**|900,000|791|**900,791**| ||The freehold property is shown at|open market value as per the directors valuation.||| ||The charitable company holds the|full issued shares in Nostram Ltd, a company registered in England.||| ||Group Financial Statements have not been prepared under the exemption of Section 398 of the|||| ||Companies Act 2006.|||| ||||2023|2022| |8)|**Debtors**|||| ||Sundry debtors||15,000|15,000| |**9)**|**Creditors**|||| ||Accruals||1,140|2,085| ||Sundry Creditors||452|1,507| ||||1,592|3,592| ## **10) Related party transactions** The management fees were paid to Sparkstone Services Ltd, a company under the control of Mr S B Finkelstein. At the year end, Sparkstone Services Ltd owed the charitable company £15,000 (2022 - £15,000), held on account for maintenance and repairs. - 7 -