REGISTERED COMPANY NUMBER: 10348624 (England and Wales) REGISTERED CHARITY NUMBER: 1172659 Report of tbe Trustees and Unaudiled Fingncial Statements for the Year Ended 31 Mareh 2025 for Chesterhill Charitable Trust Limited CartMTiglrts Chartered Accountants and Business AdvAsors Regency House 33 Wood Street Bamet Hertfordshire EN5 4BE
Ch¢sterhiIl Charitable Trnst Limited Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees I to 2 Independent Exgminerls Report Statement of Finaneial Aelivities Balance Sheet Notes to the Financial Statements 6 to 8 Detailed Statement of Financial Activities
Chesterhill Charitable Trust Limited Report of the Trustees for the Year Ended 31 M8r¢h 2025 The trustees are also directors of the charity for the purposes of the Companies Act 2006, present their rewTrrt with th¢ financÉal statements of the charity for the year ended 31 March 2025. The truslees have adopted the provisions of Accounting and Reporting by Chariti¢$." Statement of ReGommended Practic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcrtVES AND ACTIVITIES Objectives and actlvltles The charitsble trust's objects are: The relief of financial hardship, either genernlly OT individually, of disadvantaged young people living in the UK or abroad. - To assist in such ways as th¢ trustees think fit any charity or organisation in the UK or abroad whose aims include the advancement of education for persons under the age of 25 by developing their mental, physical and moral capabilities. - To assist either generaIly or individually in the rehabilitation of young offenders and young people who are at risk of offending by su¢h means as the trnstees may detemline to develop their skills, capacities and capabilities to enable them to participate in society as nwture and responsible individuals. - To promots and protect the physical and mental health of people with ¢&ncer, dementia or physical andlor mental disabillties and their families and carers. The trustees have paid due regard to guidance issued by the Charity Commission in dlding what activities the charitable trust should undertake. FINANCIAL REVIEW During the period under review th¢ charity received £105,000 from Chesterhill Investh]ents Limited. The Trustees considered numerous requests from (rther charities for financial support and made donations totalling £81, 017. STRUCTURE, GOVERNANCE AND MANAGEMENr Govèrning doeumellt The charity is controlled by its governing documenL a deed of trusL and constitutes a limited company. limited by guarantee, as defined by the Companies Ad 2006. The Charity is a Company limited by guarantee and carrt¢s out its activities in accordance with its Memorandum and Arti¢les of Association. The Board of Trustees are el¢Gted at the Amiual General Meeting by Mernbe if the organisation (Trustees/ Directors). The Board meets regtharly. Organisational structure The Charity is run by the management committee (Board of Directors) which consists of a Chair and three other Trustees. Deeisioll making TrusteLS are responsible for the annual stt7tegy of the Charity and together they are also responsible for the delivery of service Risk management The Trustees have assessed the major risks to Trfthich the chartty is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systenks are in place to mitigafr the exposure to the major risks. These systems are reviewed periodically. REFERENCE AND ADMINISTRATIVE DETAll3 Registered Company number 10348624 (England and Wales) Registered Chxrity number 1172659
Chesterhill ChaTit¥bl¢ Trust Limited Report of the Trustees for the Year Ended 31 March 2025 Registered offiee 10 Wood Street Barnet Herts EN5 4BW Trustees B A Bingtock FCA Director Mrs P E Binstock Director A P Graham MBE Director J L Mar¢hant Director J A Rosen Director R Binstock Director (appointed 211112025) A M Binstock Property Auctioneer (appoinfrd 211112025) Independent Examiner Cartwrights Chartered Accountants and Business Advisors Regency House 33 Wood Street Bamet Hertfordshire EN5 4BE Bankers Natwest Bank PLC Holloway Road Branch 490 Holloway Road London N7 6JB Accountants Cartwrights Chartered Accountants Regency House 33 Wood Stre¢t Barnet Hertfordshire EN5 4BE Approved by order of the board of trustees on .......24:io.2Ra)............. and signed on its behalf by: A Binstock FCA- Trustee
Ind¢pendent Examiner's Report to the Trustees of Chest¢rhill Charitabl¢ Trust Limited Independent examiner's report to the trustees of Chesterhill Cljarilable Trust LInted ('the Company,) I report to the charity trustr¢s on my examination of the a¢counts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trSte¢S of the Company (and also its directors for the purposes of company law) you ar¢ responsibl¢ for the preparation of the accounts in accordance wÉth the requirements ofthe Companies Act 2006 ('the 2006 ACV). 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 DArtiOnS given by thc Charity Commission under Section 145(5) (b) of the 2011 ACL Independent examiner s statemellt I have completed my examination. I confinn that no matters have Come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect ofthe Company as required by Sethion 386 of the 2006 ACL. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Ad other than any requirement that the a¢¢ounts give a true and fair view which is not a matter considered as part of att independent examination" or the accounts have not been prepared in accordance with the methods and principles of the SL2tement of Recommended Prnctice for accounting and reporting by charlties (applicable to charities PTeparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns aDd have come across no other matters in cotmection with the examinatio to which attention should be drawn in this Feport in order to enable a proper understanding of the accounts to be reached. Eric Mclntyre CarÈwrights Chartered Accountants and Business Advisors Regency House 33 Wood Street Hertfordshire EN5 4BE AS Ix
Chesterhill Charitable Trn$t Idmited Stat¢m¢Dt of FinanciAI Activities for the Year Ended 31 March 2025 3113125 UnrestrRCted funds 3113124 Total funds Notes INCOME AND ENDOWMELYfs FROM Donations and legacies 105,000 l(Kl.000 Investment income 1,689 3,516 Total 106,689 103,516 EXPENDITURE ON Charitsble activities Payments to selected beneficiaries 163,962 143,787 NET INCOMEI(EXPENDtruRE) {57,273} (40,271) RECONCILIATION OF FUNDS Total fiinds brought fonvard 81,850 122,121 TOTAL FUNDS cARRD FORWARD 24,577 81,850 The notes forni part of these financial statements
Chesterhill Charitabl¢ Limited Balanee Sheet 31 March 2025 3113125 UnrestrieÉed funds 3113124 Total funds Not¢s CURREiYf ASSETS Cash at bank 24,577 101,850 CREDrroRS Amounts falling du¢ within one year (20,000) NET CURRENT A&SETS 24.577 81,850 TOTAL ASSETS LESS CURREKr LIABILITIES 24,577 81,850 NET ASSETS 24.577 81,850 FUNDS Unrestricted funds 24,577 81,850 TOTAL FUNDS 24,577 81,850 The charitable Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not rquir¢d the company to obtain an audit of its financial ststements for the y¢ar ended 31 March 2025 in accordance with Section 476 of the Companies Act 2(M)6. The ttustees ackn(Iwledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies A¢t 2006 and prepAring financial statements which give a true and fair view of the state of affairs of the charitable company ag at the end of each financial year and of its surplus or deficit for each financial year in accordance with the Tequirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statetnent4 so far as applicable to the charitable company. (b) These finanGFal statements have been prepared in accordance with the provisions applAcable to ¢haritsble ¢ornpanies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue 24.: 10 . lou........ and were signed on ils behalf by: on A Binstock FCA- Trustee The notes forni part of these finan¢ial statements
Cbesterhill Charitable Trust Limited Notes to the Financial Slatements ror the Year Ended 31 March 2025 ACCOUNllNG 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 accordan¢e with the Charities SOIiP (FRS 102) 'Accounting and Rewrting by Charities: Stst¢ment of Re¢OMnnded PractiGe appliGabl¢ to chartties preparing their a¢counts in accordance with the Financial R¢porting Stsndard appli¢abl¢ in the UK and Republic of freland (FRS 102) (efftctive l January 2019),, Financial Reporting Standard 102 The Financial Reporting Stapdard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prcpared under the histori¢al cost convention. IDcom¢ All inGome is reCols¢d in the Staternent of Fivjancial Activities once the charity has entitlement to the fimds, it is probable tl]at the income wÉll 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 expendithre, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation b¢ measured reliably. Expenditure is accounted for on an accruals basis and has been Classified under headings that aggregate all c05t related to the category. Where Gosts Gannot be dIrelY attributed to particular headings they have been allocated to a¢tiviti¢s on a basis consistent with the use of resources. Taxation The charity is exempt from corporation t&x on its charitable activities. Fund a¢counting Unrestricted funds can be ed in accordance with the charitable objectives at the discretion of the trustees. R¢stricted fimds 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 pUose$. Further explanation of the natur¢ and purpose of each fid is included in the notes to the financial statements. INVESTMENT INCOME 3113125 3113124 Deposit account interest 1,689 3,516 TRUSTEES, REMUNERATION AND BENEFfTS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for th¢ year ended 31 March 2024. Trusts¢s' expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. continued...
Chesterhill Ch2ritable Trust Limited Notes to the Financial Stat¢m¢nts- contmnued for th¢ Year Ended 31 March 2025 CREDITORS: AMOUNfs FALLING DUE WITHIN ONE YEAR 3113125 3113r24 Other creditors 20,000 MOVEMENT IN FUNDS Net movement in funds At 3113125 At 114124 Unrestrirted funds General fid 81.850 (57.273) 24.577 TOTAL FufiDS 81.850 (57.273) 24,577 Net movement in funds in¢luded in the above are as frlllows: Incoming resourees Resources expended Movement In funds Ullrestricted funds General fund 106,689 (163,962) {57,273) TOTAL FUNDS 106,689 (163,962) (57,273) Comparatives for movement An funds Net movement ill funds At 3113n4 At 114123 Unrestricted funds General fund 121121 (40,271 } 81.850 TOTAL FUNDS 121121 (40,271) 81,850 Comparative net movement in fids, included in the above are as follows: Incoming resources Resources expended mov¢ellt in funds Unrestricted funds General fund 103,516 (143.787) (40,271) TOTAL FUNDS 103,516 (143,787) (40,271) continued...
Che$terhill Charitable Trust Limit¢d Notes to tbe Financial Ststements- continued for th¢ Year Ended 31 l¥tsrch 2025 MOVEMENT IN FUNDS . eontinued A current year 12 months and prior year 12 months Combined w)sition is as follows: Net movemenl in fullds At 3113125 At 114123 Unrestricted funds General fia 122,121 (97.544) 24.577 TOTAL FUNDS 122,121 (97,544) 24,577 A CUent year 12 months and prior year 12 months combined net movement in fiJnd4 in¢lud¢d in the above are as follows: Incoming resour8 Resources expended Movement in funds Unrestricted funds General fund 210.205 (307,749) (97,544) TOTAL FUNDS 210,205 (307,749) (97,544) RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025.
ChesteYbilR Charitable Trust Limited Detailed Statement of Financial Activities for the Year Ended 31 March 2025 3113125 3113r24 INCOME AND ENDOWMENTS Dollatiolls and legacies Donations 105,000 loo,000 luvestment income Deposit aGGount interest 1,689 3,516 Total ineoming resources 106.689 103,516 EXPENDITURE Charitable activities Payments to selected beneficiaries 81,017 119,679 Support costs Fillanee Bank charges Holocaust Education 49 82,896 33 24,075 82,945 24,108 Total resources expended 163,962 143,787 Net espenditure (57.273) (40,271) This page does not fonn part of the statutory financial statements