RAYONHILLS LIMITED
(Limited by guarantee)
Financial Statements
For the Year ended 30 September 2022
Company Number 10964670 (England and Wales) Charity number 1176556
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Whiteside and Davies Ltd
158 Cromwell Road
Salford, M6 6DE
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COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 10964670
RAYONHILLS LIMITED
CHARITY NUMBER 1176556 FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2022
Contents
| Charity Information Report of the Directors/Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes forming part of the financial statements |
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| 3 4 - 5 6 7 8 9 - 11 |
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RAYONHILLS LIMITED COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 10964670 CHARITY NUMBER 1176556 FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2022
Charity Information
Board of Trustees
Mr Leon Tauber Mrs Rachel Tauber
Directors
Mr Leon Tauber Mrs Rachel Tauber
Registered address
158 Cromwell Road Salford M6 6DE
Charity Number
1176556
Company Registration Number
10964670 (England and Wales)
Accountants and Independent examiner
Whiteside and Davies Limited 158 Cromwell Road Salford M6 6DE
Administration address
34 Waterpark Road Salford M7 4ET
Bankers
Santander Bridle Road Bootle, Merseyside L30 4GB
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RAYONHILLS LIMITED COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 10964670 CHARITY NUMBER 1176556 FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2022
Report of the Directors/Trustees
The Directors/Trustees have pleasure in presenting their Report and Financial Statements of the Company/Charity for the year ended 30 September 2022.
The financial statements have been prepared in accordance with the accounting policies set out in the accounts and comply with the charity's governing document, the Companies Act 2006 and
"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102)" .
Trustees and Governors
The Trustees in office throughout the year were Mr Leon Tauber and Mrs Rachel Tauber. Both are also directors for the purposes of company law.
All trustees give of their time freely and no trustee remuneration was paid in the year.
Reference and Administration
Reference and Administration details are shown in the schedule of members of the board and
professional advisers on page 3 of the financial statements.
Structure, governance and management
Rayonhills Ltd is a charity constituted as a company limited by guarantee and as such, is governed by its memorandum and articles of association.
The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors'/ trustees' meetings.
Charitable Objects
The charity/company is established for the purpose of:
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prevention and relief of poverty,
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advancement of religion in accordance with the Orthodox Jewish faith and
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other charitable activities as are recognised by English Law as charitable and in furtherance of the
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objects.
Achievements
During the year, the charity received all of its income from voluntary donations.
During the year, the charity received donations totalling £153,150 (2021 - £30,100) and Investment income of £12,739 (2021 - £2,219).
Grants made by the Charity to other registered UK charities in accordance with the charity's objects totalled £93,727 (2021 - £78,472).
The charity had a surplus in reserves of £4,584 (2021 - £66,878).
The trustees plan to continue making similar grants and to ensure that an appropriate level of reserves is maintained.
In setting objectives and reviewing the Charity's aims and plans, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.
RAYONHILLS LIMITED COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 10964670 CHARITY NUMBER 1176556 FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2022
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Report of the Directors/Trustees (continued)
Risk Management
The Trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the investments and finance of the Charity. The Trustees are satisfied that these systems and procedures mitigate any perceived risks.
Going Concern
The accounts have been prepared on a going concern basis as the directors have been assured of the continuing support from the company/charity's creditors.
Reserves Policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to enable the charity to meet future needs or to make more substantial grants which they feel to be appropriate.
Responsibilities of the Directors/Trustees
Company Law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
Financial statements
In preparing those financial statements, the Directors/Trustees should follow best practice and
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a. Select suitable accounting policies and apply them consistently.
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b. Make judgments and estimates that are reasonable and prudent.
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c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements.
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d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Directors/Trustees are responsible for maintaining proper accounting records which
disclose with reasonable accuracy at any time the financial position of the charity and to enable
them as Directors/Trustees to ensure that the financial statements comply with the Company Law.
The Directors/Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Approved by The Directors/Trustees on 24/07/2023
Leon Tauber - Director and Trustee
RAYONHILLS LIMITED COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 10964670 CHARITY NUMBER 1176556 FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2022
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Independent Examiner's Report to the Trustees
I report to the trustees on my examination of the financial statements of Rayonhills Ltd ('the charity') for the year ended 31 October 2022
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes 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 Act’).
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 the 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 Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to 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 other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Pollak Whiteside and Davies Limited 158 Cromwell Road Salford M6 6DE
Date: 24 July 2023
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RAYONHILLS LIMITED COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 10964670 CHARITY NUMBER 1176556
FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2022
Statement of Financial Activities
| Incoming Resources Expenditure Charitable Activities Gross Income Governance costs Net expenditure (income) for the year Fund balances at 1st October 2021 Fund balances at 30th September 2022 |
Notes 10 11 12 |
2022 £ 165,889 (93,727) 72,162 (700) 71,462 (66,878) 4,584 |
2021 £ 32,319 (78,472) (46,153) (662) (46,815) (20,063) (66,878) |
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RAYONHILLS LIMITED
COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 10964670 CHARITY NUMBER 1176556
FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2022
| BalaAbbreviated Balance Sheet Notes 2022 £ Fixed Assets Investments 112,929 Current Assets Cash at Bank 6,255 Creditors Amounts due within one year 7 (600) Net current assets 5,655 Creditors:Amounts falling due after more than one year 8 (114,000) Net Assets 4,584 Accumulated Funds Unrestricted funds 9 4,584 Balance Sheet At 30 September 2022 |
2021 £ 144,929 8,293 (1,100) 7,193 (219,000) (66,878) (66,878) |
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In approving these financial statements as directors of the company we hereby confirm:
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a. that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 ;
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b. that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 30 September 2022; and
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c. that we acknowledge our responsibilities for:
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ensuring that the company keeps accounting records which comply with Section 386 ; and
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the board and signed on behalf of them all.
Leon Tauber - Director and Trustee
The notes on the attached pages form part of the accounts
24 July 2023
RAYONHILLS LIMITED COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 10964670 CHARITY NUMBER 1176556 FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2022
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Notes to the Accounts
1. Principal Accounting Policies
Basis of Accounting
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and ROI (FRS 102)" .
The Charity is a Public Benefit Entity as defined by FRS 102
Cash Flow
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations and Grants received for the general and main purposes of the Charity are included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Resources expended are accounted for on an accruals basis.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
2. Investments
Listed investments are measured at fair value. Unlisted investments and investment property are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.
3. Taxation
The Charitable Company is exempt from taxation on its charitable activities.
4. Incoming Resources
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.
5. Company limited by Guarantee
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
6. Control
The company is incorporated for charitable purposes and has no controlling party.
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RAYONHILLS LIMITED
COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 10964670 CHARITY NUMBER 1176556
FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2022
Notes to the Accounts (continued)
| 7. CreditorsAmounts due within one year Accrued expenses 8. Creditors:Amounts falling due after more than one year Directors loan account and associated companies |
2022 £ 600 114,000 |
2021 £ 1,100 219,000 |
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The loans to the charity from the Trustees/Directors are interest free and will not be called on, if doing so will be detrimental to the charity.
| 9. | Unrestricted funds | Total Charitable funds £ |
Total Charitable funds £ |
Total Charitable funds £ |
|---|---|---|---|---|
| At 01 October 2021 | (66,878) | (20,063) | ||
| Net suprlus/(deficit) for the year | 71,462 | (46,815) | ||
| At 30 September 2022 | 4,584 | (66,878) |
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RAYONHILLS LIMITED
COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 10964670 CHARITY NUMBER 1176556
FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2022
Notes to the Accounts (continued)
| 2022 Total £ 10. Incoming Resources Donations Received 153,150 Investment Income 12,739 165,889 11. Resources Expended Charitable Activities Cost of Activities In Furtherance of the Charity's Objects Grants and donations paid to UK registered charities (93,727) 12. Governance Costs Accountancy/ Independent Examiner fees (700) Other legal and professional fees 0 (700) Total Funds Expended (94,427) Accumulated Funds Net suprlus/(deficit) for the year 71,462 Balance brought forward (66,878) Balance carried forward 4,584 |
2021 Total £ 30,100 2,219 32,319 (78,472) (600) (62) (662) (79,134) (46,815) (20,063) (66,878) |
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