REGISTERED COMPANY NUMBER: 11101409 (England and Wales) REGISTERED CHARITY NUMBER: 1177314
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
42Ashbourne Limited
Martin+Heller 5 North End Road London NW11 7RJ
42Ashbourne Limited
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
42Ashbourne Limited
Report of the Trustees for the Year Ended 31 December 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity was formed for the advancement of the education of persons expressing the orthodox Jewish Faith, the advancement of the orthodox Jewish faith, and the relief of poverty in the orthodox Jewish community.
The charity is also actively involved in raising fund for general education, and relief of poverty.
Significant activities
There were no significant activities to report.
Public benefit
The trustee confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.
Volunteers
During the year, the charity did not have volunteers to help with the objective of charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the memorandum and articles of association,and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005. The company was formed on December 7, 2017. The charity is managed and controlled by the directors who are trustees, who meet regularly.
Recruitment and appointment of new trustees
The trustees are appointed according to the Articles of Association.
Organisational structure
The Directors/Trustees are members of Management Committee that has the responsibility for the administration of the charity. They appoint one of the Directors/Trustees as Chairman who heads the day to day operations of the charity.
The Board meets on a regular basis, at least quarterly, or more if required.
Wider network
At present 42Ashbourne Limited does not consider itself part of wider network.
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 operations and finance of the charity. The trustees are satisfied that these system and procedures mitigate any perceived risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
11101409 (England and Wales)
Registered Charity number
1177314
Page 1
42Ashbourne Limited
Report of the Trustees for the Year Ended 31 December 2021
Registered office 5 North End Road London NW11 7RJ
Trustees
M Friedman H R Gilbert N Sheinfeld Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ N Sheinfeld - Trustee
Page 2
42Ashbourne Limited
Statement of Financial Activities for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | Total funds | |||
| Notes | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Investment income | 2 | 27,760 | 11,680 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Charitable activities | 14,829 | 1,200 | ||
| Other | 13,130 | 3,916 | ||
| Total | 27,959 | 5,116 | ||
| NET INCOME/(EXPENDITURE) | (199) | 6,564 | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 10,330 | 3,766 | ||
| TOTAL FUNDS CARRIED FORWARD | 10,131 | 10,330 |
The notes form part of these financial statements
Page 3
42Ashbourne Limited
Balance Sheet 31 December 2021
| 31.12.21 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 1,261,123 CURRENT ASSETS Cash at bank 3,210 CREDITORS Amounts falling due within one year 6 (1,254,202 ) NET CURRENT ASSETS (1,250,992 ) TOTAL ASSETS LESS CURRENT LIABILITIES 10,131 NET ASSETS 10,131 FUNDS 7 Unrestricted funds 10,131 TOTAL FUNDS 10,131 |
31.12.20 Total funds £ 1,261,123 4,809 (1,255,602 ) (1,250,793 ) 10,330 10,330 10,330 10,330 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. N Sheinfeld - Trustee
The notes form part of these financial statements
Page 4
42Ashbourne Limited
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING 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 accordance with the Charities SORP (FRS 102) '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 Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will 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 expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds 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 purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| Rents received | 27,760 | 11,680 |
Page 5
continued...
42Ashbourne Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Charitable activities Charitable activities Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 1 January 2021 and 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Unrestricted fund £ 11,680 1,200 3,916 5,116 6,564 3,766 10,330 Freehold property £ 1,261,123 1,261,123 1,261,123 |
|---|---|
Page 6
continued...
42Ashbourne Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors Accrued expenses 7. MOVEMENT IN FUNDS At 1/1/21 £ Unrestricted funds General fund 10,330 TOTAL FUNDS 10,330 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 27,760 TOTAL FUNDS 27,760 Comparatives for movement in funds At 1/1/20 £ Unrestricted funds General fund 3,766 TOTAL FUNDS 3,766 |
31.12.21 £ 1,253,302 900 1,254,202 Net movement in funds £ (199) (199) Resources expended £ (27,959) (27,959) Net movement in funds £ 6,564 6,564 |
31.12.20 £ 1,254,702 900 1,255,602 At 31/12/21 £ 10,131 10,131 Movement in funds £ (199) (199) At 31/12/20 £ 10,330 10,330 |
|---|---|---|
continued...
Page 7
42Ashbourne Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,680 | (5,116) | 6,564 |
| TOTAL FUNDS | 11,680 | (5,116) | 6,564 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/20 | in funds | 31/12/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,766 | 6,365 | 10,131 |
| TOTAL FUNDS | 3,766 | 6,365 | 10,131 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 39,440 | (33,075) | 6,365 |
| TOTAL FUNDS | 39,440 | (33,075) | 6,365 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 8
42Ashbourne Limited
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Rents received | 27,760 | 11,680 |
| Total incoming resources | 27,760 | 11,680 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants to institutions | 14,829 | 1,200 |
| Support costs | ||
| Other | ||
| Rates and water | - | 985 |
| Insurance | 1,363 | 988 |
| Light and heat | - | 192 |
| Repairs and maintenance | 10,154 | 2,211 |
| Sundries | 248 | 100 |
| Bank Charges | 105 | 80 |
| 11,870 | 4,556 | |
| Governance costs | ||
| Accountancy and legal fees | 1,260 | (640) |
| Total resources expended | 27,959 | 5,116 |
| Net (expenditure)/income | (199) | 6,564 |
This page does not form part of the statutory financial statements
Page 9