2023-08-31-accounts

Cha￿ty reglstratlon number 1158948 AMHURST TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

AMHURST TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustoès MrJAGwnhut MrA Grunhul IAppointeil 1 September 20221 Charlty numbèr 115B948 Reglstered offlce OCC Estate, Building A. Suite 8 105 Eade Road London England N4 1TJ Independent •xamlner J Silver FCCA PreGi$ion Ltd 32 Casllewood Road N1660W

AMHURST TRUST CONTENTS Page Tnjstees. feport Independent examiners report Statement of financjal activities Balance sheet Notes lo the fin8n¢ial stslemenls 5-10

AMHURST TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2023 The trustees present their annual report and finanaal statements for the year ended 31 August 2023. The financial statements have been prepared in accordanc£ with the accountsng poliaes set out in note 1 to the financial statements and compty with the charity's governing document. the Charitr'es Act 2011 and 'Accounting and Reporting by Charities.. Staternent of Recornrnended PraGtice applicable to charities preparing their accounts in accordance with the Finan￿81 Reporting Standard appltsble in the UK and Republic of Iieland IFRS 1021" leffective 1 January 20191. Oblectlves and actlvltles The charrty's object5 are the ad¥anc8ment of the Orlh(Mlox Jè￿sh Religitin, th8 8dv8nc8rnent of Orthodox Jewish èducation and education generalty. The reliel ol ptsverty. sickness and infimity foi the public benefit. The charity achieves these obieclives primanty thiough asisknng to maintain a property lor educational purposes. The Iruslees have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities the charity should undertake. A¢hlevgments ond ￿rfOrManCe Flnanclal revlew In the year undtrr review the charity 9eneraled income of £39,250 12022.. £171,000) and incurred expenses of £1.08012022'. £2,1761 resutting In net Incoming resources of £38,170. The financial position of the charty is sabsfactory. The chariVs statement of financi81 actNities shows total reserves of £207,018 as at the 31 Augusl 2023. 11 is the policy of the ¢hanty th81 unrestrided funds whith have nol been designated for 8 speufic use should be maintained at a level equivaleni lo between three and six monih'$ expenditurè. The tru$teè$ ¢onsider th81 r&$erv&$ at this lev61 will ensurè that, in the evènt ol a signrficant drop in funding, thèy will bè ablè to ¢onts'nue the charity's current activities while consideration is given to ways in which addrtional funds may be raised. This level of reserves has been maintained throughout Ihe year. Structure, governance and management Thè charity is a Chantable Incorporated Or9anisation And 1$ controlled by its 9ovemlng document. It was registered as a charity on 23 October 2014. The trustees who served during Ihe year and up to the date of signabjre of the finanrAal ststements were.. Mr J A Grunhut (Appointed 1 Septèmbèr 20221 MrA Grunhut The power lo appoint new trustees is vested in the current board. It 1$ not ihe intents'on of the trustees of the charity to appoint any new trustees. Should the srtuation chang$ in the tuturè, the trusteès wll appty suitabl8 recruitment induction and training procedu￿$. The day to day affairs ol the charty a￿ administered by the trustees. ste ed by the Board of Trustees. Mr J A Grunhul Trustee MTA Grunhul Trustee Date.. Jun 28, 2024

AMHURST TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AMHURST TRUST l ￿port to the trustees on my examinath.on of the finanoal stste￿nts of Amhursl Trust (the charity) for the year ended 31 August 2023. Responsibilities and basis of report As the trustees of the chanty you are responsible for the preparats)n of the finanual ststements in accordan￿ the requirements of the Charities Act 2011 Ithe 2011 Acti. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions gNen by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnels statement Your attention is drawn to the fact thal the charity ha8 prepared finanryal ststements in accordance wrth Accounting and Reporting by Charities preparing their accounts in accordance wilh the Finanryal Reporting Standard applirable in th8 UK and Republi¢ of Ireland IFRS 1021 in prelertrn¢tr lo the A¢counb"ng and Reportsng by Charrtie$'. Slalemtrnl ol Recommended Practice Issued on 1 Apnl 2¢)05 which is ￿ler￿ to in the extant regulats.ons but has now been withdrawn. l understand that this has been done in order for financial slalements to provide a true 8nd fair view in accordance with Generalty Accepted Accounting Practice effeclive for reporting periods beginning on or after 1 January 2015. I h8ve completed my examination. l ¢onfim that no Matte￿ have ¢om& lo my attention in ¢onne¢tion with th& •x8minalion giving me cause to believe thal in any material respèd. accounting records were nol kept in respect of the chanty as required by section 130 of the 2011 Act., or the financial statements do not accord wrth those records." or the finanri81 slaternenls do not compty vthh the applicable requirements conceming the form and content of 4¢¢ounts set out in th$ Charitiès IAccounl$ and Report$l Re9ulalions 2008 othèr than any requirèm8nt that th& Accounts give a true and fair view which is not a matter considefed as part ol an independent examination. I have no cDncEms and have come across no other matters in connectKJn wilh the examination to which attention should be drawn in this report in order to enable a proper underslanding of the financial statements to be reached. J Sllver FCCA Independent Examlner Pre¢lslon Ltd 32 Castlewood Road N16 6DW Jun 27, 2024 Dated".

AMHURST TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Unrestrlcted Unrestrlcted funds funds 2023 2022 Notès Donations and legacies 39,250 171,000 Ex enditure on.. Charitable activitie$ 1,080 2,176 Ngt Incomg IOT the ye•TI N•t movement In funds 38,170 168,824 Fund balances at 1 September 2022 188.848 885,929 Fund bol•n¢•i at 31 Augu¥t 2023 207,018 168,848 The slalemenl of financial activities indudes all gains and losses recognised in the year. l income and expenditure derive from conluiuirtg 8divities.

AMHURST TRUST BALANCE SHEET AS AT31 AUGUST2023 2023 2022 Notes Flx•d assèts Investments Currènt ass•ts Debtors Cash at bank and in hand 10 208.850 87 166.400 3,527 208.937 169,927 c￿￿110T￿.. arnounts falllng due ¥Athln on? year 11 {1.920} 11.0801 N¥t curr¥nl 8$$ets 207.017 168,847 Total a8S•t8 l••s eurr•nt Ilabllltl•8 207.018 188,848 In¢om• fund$ Unrestricted funds 207.018 168.848 207.018 168.848 Jun 28. 2024 The flnanclal statements were approved by the Trustees on ............... .. . Mr J A Grunhut Tru8t8• MrA Grunhut Trust••

AMHURST TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Aecountlng pollel•s Charfty Snforniatlon Amhurst Trust is a Charitable In(x)rporated organisat￿. 1.1 Aecountlng conventlon The financial staternents have been prepared in accotdance wrth the charity's governing documènt, the Charities Ad 2011, FRS 102 'The Finanaal RÈporkn"ng Standard appli(xble in the UK and Republic of Ireland" I'FRS 102.1 and the Chants"es SORP "Accounting and Reporting by Charrties. Statement ol Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. leffective 1 January 20191. The charrty is a Public Benefit Entity as defined by FRS 102. The Gh8rity has t8ken advanla9e ol thtr provisions in the SORP for ¢haritie$ not lo prepare a Stslem&nl of Cash Flows. The financial statements have departed from Ihe Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a tnje and fair Y￿W. This departure has involved following the Statement of Recommended Practice lor charibes apptying FRS 102 rather Ihan the version of the Ststement of Recommended Practice which 15 relerred to in the Regula¢H)ns but which has since been withdrawn. The financial slatemenl$ arè prèpared in slerting, whith is th¢ lundional curn¢n¢y of th¥ ¢harity. Montrtsry amounts in these financial statements are rounded lo the near•$t £. The financial statements have been prepared under the historical cost C￿nVentIon. Imodffied to indude the revaluation of freehold properties and to include investment properties and certain financial instruments al fair valuel. The principal accountsng pol¢cies adopled are sel oul bebw. 1.2 Golng con¢ern At the time of approving the financial slalements. Ihe trustees have a reasonable expectabon that the charity has adequate resources to continue in operalional exislence for the foreseeable future. due to the ongoing support from the cornrnunity. Thus the truslees conlinue to adopt Ihe going concem basi8 of accounting in preparing the finanrial slalements. 1.3 Charttable fund• Unrestricted funds are available for use at the discretion of the iruste&s in lurtheranc8 of their charrtable objectives. Rèstricted lunds are subject to specthc condrtions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanoal statements. Endowment fvnds are subje¢t to conditions by donors th41 the Ggpit81 must be maintained by the chanty. 1A Income Income is recognised when the charity is legalty enlitled to it alier any perfomiance condilions have been met, the amounts can be measured reliabty. and Tt 15 probable thal income will be received. Cash donations are recognised on re￿ipt. Oiher donth.ons are recognised once the charty has been nots'fied of the donation, unless perfomance conditions ￿qUIre deferral of the amount. Income tax recoverable in relation to dona¢ions ￿CeNed under Grf1￿￿ or deeds of covenant is recognised at the tirne of the donation. Legacies are recognised on receipt or olherwse il the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amounl is not known. the legary is treated as a contingent asset.

AMHURST TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Accounting policies (Continuedl 1.5 Exp•ndltur• Eypenditure is recognised once Ihere is a legal or constructive obligation to Iransfer economic benefit to a third paty. r( is probable that a transfer of e￿nOMiC benefits will be iequired in settlement, and the amount of the obligation can be rneasured reli8bty. Expenditure is dassified by athvty. The costs of each adivrty are made up of the total of direct costs and shared costs. including support costs involved in undertaking each acbvity. Direcl costs attributable to a single activity are allocated directy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned befvleen those activitie5 on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are alk)raleiJ on the portion of the assel's us&. 1.6 Flxed as￿1 Investments Fixed asset investments are Inilialfy measured at transaCt￿n price exduding transaction costs, and are subsequently rneasU￿d al fair value at each reporting date. Changes in fair value are recognised in net incomellexpendilurel for the year. Transaction cosls a￿ expensed as incurred. A subsidiary is an entsty controlled by th8 charty. Contml is the power to 9ovem the finanaol and operating policies of the entity so as to obtain beneffts from its activities. 1.7 Cash and ea8h équlval•nts Cash and cash equivalent5 inducle ￿$h in hand. dep05rts held at c811 with banks. Other short-terrn liquid inveslrnenls wth ori9inal m81urities ol Ihree monlhs Or less, and bank overdrafts. Bank overdrafts 8re shown w￿h1n bOrrO¥￿ngS In current liab1lrt￿S. 1.8 Flnanelal In8trum•nts The ch8rity has elected to appty the provisions ol Section 11 'Basic Fin8nu81 In$lrumtrnl$' and Sects'on 12 'Olher Financial Instruments Issues. of FRS 102 to all of rts finanaal instruments. Flnancial instruments are recognised in the chanty's balance sheet when the chanty becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. wlh Ihe net arnounts presenled in the financial slalemenls, when there is 8 legalty enforce8ble right lo sel off the recognised amounts and there is an inltrntitsn lo settle on a net basi$ or to reali5¥ the asset and 5etUe the liability simumaneousty. Baslc flnanclal ass•ts Basic financial assets. which inrjude debtrms and c8sh and bank balances, 8re initialty measured at Iians8Ction price including transaction costs and are sub5equentty rarried at amorb'sed cost Using the elfe¢tive interest method unless the arrangement constrtutes a finanang transaction, where the transaction is measured at the p￿sent value of the luture receipts discounted at a market rate of interest. Finanaal assets classified as receivable within one year are not amorb"sed.

AMHURST TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Accounting policies (Continuedl Basle finanelal Ilabilltiès Basic finanrial liabilities. induding credrtors and bank loans are inrtially recognised at transaction price unless the arrangement constrtutes a financing transaction. where the debt instwment is measured at the present V81ue of the future payment5 discounted at a market rate of inlere51. Fin8nryal li8bilities classified 85 Payable wrthin one year are not amortised. Debt instruments are subsequentty carried at amortised cosl, using the effective interest rate method. Trade creditors are obligations to pay lor goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable 8re dassified as current liabilities if payment is due wlhin one year or le$5. If not. they are presented a5 non-current liabilities. Trade creditor5 are recogni$ed inth'ally 81 transactKJn price and subsequentty measure(1 at amortised cost usin9 the effectsve interest method. D•rncognitlon of financlal liabiliti•s Financial liabilities are derecogni5ed whtrn thtr Charty's ¢ontr8dual oblig81ion$ expire or a￿ discharged or ¢8ncelled. 1.9 Employe• b•n•fit8 The cost of any unused holiday trnlrflemenl is recooni8ed in thtr period in vthi¢h the employee's se￿￿8 arts received. Termination beneffts are recognlsed immediately as an expense when the charity Is demonstrably cornm￿ted to temiinate the employment of an employee or to provide terniinalion beneffts. crttlcal accoUn￿n9 ￿tIMate9 and ludgement• In the appli¢alion of the ¢harity'$ a¢¢ounbng poli¢i&s. lh& Iru$le&s are required lo make judgemtrnls, &slimales ond assumptions about the carrying amount ol assèts and liabilrties that are not rè8dily apparènt from other sources. Thè estimates and associated assumptions are based on historical experlanco and other faetors that are considered to be relevant. Actual resuKs may drffer from Ihese estimates. The estimates and undertying assvmption5 are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the eslirnate is revised where the revision affecls only that period. or in the period ol the revision 8nd ftjture w¢)d3 where the revision alfects bolh current 8nd future penods. Judgements made by the directors in the app1￿{10n of ihese accounting policies that have significant effect on the financial sla(ements and estimates wth a significanl risk of material adjustment in the next year are as follows.. lil Debtors The trustees use details of Ihe age of the debtors together with extemal evidence of the counterparty in making judgements concerning any need to impair the carying values.

AMHURST TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Donatlons and 18gacl•s Unrestrlcted Unrestrlcted funds funds 2023 2022 Donations and grfts 39,250 171,000 Charltabl8 actlvltlès Charltablè Charltablè Expendlture Exp•ndltu 2023 2022 Share of govemance cosls18ee note 51 1.080 2,176 Support co•ts Support Gov•mane• eo8ts cogts 2023 2022 Accountancy Legal and professional Bank fees 2.100 240 240 76 1,080 1,080 2,176 Analysèd betweèn Charitable adivits'es 1.080 1,080 2.176 Governan￿ costs includes payments lo the independant examiners of £1.080. Trustee3 Nonè of the trustee5 lor any ￿lson$ connÉded with thèm) rèceivéd any rèmuneTation or ￿n￿￿t5 from thè tharity during Ihe year. Employees The average monthly number of employees during the yearwas: 2023 Number 2022 Number Totsl

AMHURST TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Employees (Continuedl There were no employees whose annual remuneratK)n was more than £60.IKJO. Taxatlon The charty is exempl from tsx on income and gains falling wrthin section 505 of the Taxes Act 1988 or section 252 of the Taxats'on ol Chargeable GainsAct 1992 to the extent that these are applied to its charitable object8. Flxed Invejtments Other Investsnents Cmt or valu•tlon At 1 September 2022 & 31 August 2023 Carrylng amount At 31 August 2023 At 31 August 2022 2023 2022 Other investments comprise.. Note• Investments in subs￿l8ne 13 10 D•btor• 2023 2022 Amounts lalllng du• wlthln on• year: Other debtors 208,850 168,400 Other Ilebtors represent loans made on behaw of the charity's subsidiary to fund the legal fees incurred by its subsidiary in the process of trying to preserve its assets. 11 Credltors.. arnounts falllng due wlthln one year 2023 2022 Other credrtors Accruals and deferred income 120 1,8(KJ 120 1,920 1,080

AMHURST TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 12 R•latod party transaetlons There were no disclosable related paty transactions during the year12022 - none) other than those disclosed in note 10 above . 13 Subsldlarle¥ The charity owns 100% of the ordinary sharès OfAmhu￿1 pa￿ Holdings Ltd Icompany No. 055386511 a company incorporated and registered in England and Wales. The market value as at 31 December 2021 of the investment in the subsidiary undertaking is based on the Trustees, valu8tion of net assets ol the undertaking. Consolid81ed financial slalemenls havtr not been prepared as the ¢harity h8$ taktrn advantage of th& exemptions Conferred by the ¢harity SORP. Details of the chantys subsidiaries at 31 Augusl 2023 are as follows.. The aggregate capital and reserves and the resuh for the year of subs￿l8ne3 excluded from consolidation was as follows.. Nam• of undfrrtoklng Clas• of % Hold ProflVILo•sl Capotal •nd Ro••rv•$ •h4reJ held Dlfect Amhursl Park Holdin9$ Ltd {6431 (104,737.00) 14 Prfor p•rlod adlu8tm•nt Changes to th• balanc• 8heet At 31 August 2022 A• pre¥lrJuslv Adlu$¢ment reported A• reststed Flxed Investments 685,906 1685,9051 Capital funds In¢orne lund8 Unrestricted fijnds 854,753 1685,9051 168,848 Total equity 854,753 1685,9051 168.848 10-