**COMPANY REGISTRATION NUMBER: 13692325 CHARITY REGISTRATION NUMBER: 1197961**
## **BRID GARDENS**
## **TRUSTEES' REPORT AND UNAUDITED ACCOUNTS**
**31 OCTOBER 2023**
**BRID GARDENS**
## **BRID GARDENS COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 OCTOBER 23**
||Pages||
|---|---|---|
|Trustees' Annual Report||2|
|Independent Examiner's Report||4|
|Statement of Financial Activities||5|
|Balance Sheet||6|
|Notes to the Accounts||7|
Page 1
**BRID GARDENS TRUSTEES ANNUAL REPORT**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 October 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 13692325**
## **Charity No. 1197961**
## **Principal and Registered Office**
22 West Bank
London N16 5DG
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
E Rothbart M Benedikt Y Z Sterngold
## **Accountants**
CHS Accountants Limited 45 Stamford Hill London N16 5SR
## **ACHIEVEMENTS AND PERFORMANCE**
During the year the charity pursued its philanthropic objects. Income from donations aggregated £87,057 (2022: £484,644). Total resources expended was £6,439 (2022: £3,969).
## **FINANCIAL REVIEW**
## **Financial Position**
The financial results of the charity for the year ended 31 October 2023 are fully reflected in the attached Financial Statements together with the Notes thereon.
The charity's Statement of Financial Activities show a surplus of £80,618.
## **Reserves Policy**
It is the policy of the charity to maintain Unrestricted Funds, which include the Free Reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year.
As at 31 October 2023, the charity had reserves of £561,293.
## **PLANS FOR FUTURE PERIODS**
The future plans of the charity are to continue to support organisations and individuals for the relief of financial hardship, bereavement and other disadvantage amongst the Jewish community worldwide.
Page 2
**BRID GARDENS TRUSTEES ANNUAL REPORT**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The Charity is constituted as a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association.
New trustees are appointed based on personal competence, availability and knowledge and familiarity with the community which the charity serves. New trustees are inducted into the workings of the charity by the existing trustees.
The trustees administer the day-to-day affairs of the charity. None of the trustees have any beneficial interest in the charity.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Y Z Sterngold
Trustee
24 July 2024
Page 3
**BRID GARDENS INDEPENDENT EXAMINERS REPORT**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES of BRID GARDENS**
I report to the charity trustees on my examination of the financial statements of BRID GARDENS for the year ended 31 October 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (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 financial statements of the charity 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 financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the Charities SORP (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 financial statements to be reached.
## **P Shebson ACA**
CHS Accountants Limited 45 Stamford Hill
London N16 5SR
24 July 2024
Page 4
**BRID GARDENS STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 OCTOBER 2023**
|**Total funds**
**2023**
**Notes**
**£**
**Income and endowments from:**
Donations and legacies
4
87,057
**Total**
87,057
**Expenditure on:**
Charitable activities
5
4,995
Other
7
1,444
**Total**
6,439
**Net income**
80,618
**Net movement in funds**
13
74,179
**Reconciliation of funds:**
Total funds brought forward
480,675
**Total funds carried forward**
554,854|**Total funds**
**2023**
**Notes**
**£**
**Income and endowments from:**
Donations and legacies
4
87,057
**Total**
87,057
**Expenditure on:**
Charitable activities
5
4,995
Other
7
1,444
**Total**
6,439
**Net income**
80,618
**Net movement in funds**
13
74,179
**Reconciliation of funds:**
Total funds brought forward
480,675
**Total funds carried forward**
554,854|**Total funds**
**2022**
**£**
484,644|
|---|---|---|
|||484,644
1,800
2,169|
||6,439|3,969|
||80,618|480,675|
|||480,675|
||480,675|-|
||554,854|480,675|
Page 5
**BRID GARDENS BALANCE SHEET**
## **AS AT 31 OCTOBER 2023**
|**Company No.**
**13692325**
**Notes**
**2023**
**£**
**Fixed assets**
Investments
9
100
100
**Current assets**
Debtors
11
560,162
Cash at bank and in hand
2,931
563,093
**Creditors:**Amount falling due within one year
12
(1,900)
**Net current assets**
561,193
**Total net assets**
561,293
**The funds of the charity**
**Unrestricted funds**
General funds
13
561,293
561,293
**Total funds**
14
561,293|**2022**
**£**
100|
|---|---|
||100
-
482,475|
||482,475
(1,900)|
||480,575
480,675
480,675|
||480,675|
||480,675|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on
And signed on its behalf by:
Y Z Sterngold Trustee 24 July 2024
Page 6
**BRID GARDENS NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 OCTOBER 2023**
## 1 **General Information**
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 22 West Bank, London, N16 5DG.
## **Statement of Compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going Concern**
There are no material uncertainties about the charity's ability to continue.
## **Limited liability**
In the event of a wind-up each member's liability is limited to £1.
## 2 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Page 7
**BRID GARDENS NOTES TO THE ACCOUNTS**
## **Income**
|**Income**||
|---|---|
|Recognition of income|Income is included in the Statement of Financial Activities (SoFA) when the charity|
||becomes entitled to, and virtually certain to receive, the income and the amount of the|
||income can be measured with sufficient reliability.|
|Income with related|Where income has related expenditure the income and related expenditure is reported|
|expenditure|gross in the SoFA.|
|Donations and legacies|Voluntary income received by way of grants, donations and gifts is included in the the|
||SoFA when receivable and only when the Charity has unconditional entitlement to the|
||income.|
|Tax reclaims on donations|Income from tax reclaims is included in the SoFA at the same time as the gift/donation to|
|and gifts|which it relates.|
|Donated services and|These are only included in income (with an equivalent amount in expenditure) where the|
|facilities|benefit to the Charity is reasonably quantifiable, measurable and material.|
## **Expenditure**
|**Expenditure**||
|---|---|
|Recognition of expenditure|Expenditure is recognised on an accruals basis. Expenditure includes any VAT which|
||cannot be fully recovered, and is reported as part of the expenditure to which it relates.|
|Expenditure on raising|These comprise the costs associated with attracting voluntary income, fundraising|
|funds|trading costs and investment management costs.|
|Expenditure on charitable|These comprise the costs incurred by the Charity in the delivery of its activities and|
|activities|services in the furtherance of its objects, including the making of grants and governance|
||costs.|
|Grants payable|All grant expenditure is accounted for on an actual paid basis plus an accrual for grants|
||that have been approved by the trustees at the end of the year but not yet paid.|
|Governance costs|These include those costs associated with meeting the constitutional and statutory|
||requirements of the Charity, including any audit/independent examination fees, costs|
||linked to the strategic management of the Charity, together with a share of other|
||administration costs.|
|Other expenditure|These are support costs not allocated to a particular activity.|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, where applicable, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 8
**BRID GARDENS NOTES TO THE ACCOUNTS**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## 3 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 4 **Income from donations and legacies**
|Donations
5
**Expenditure on charitable activities**
_Expenditure on charitable activities_
Grants made
_Governance costs_
Accountancy Fees
6
**Analysis of grants**
**Activity or programme**
7
**Other expenditure**
General administrative costs
Legal and professional costs|**Unrestricted**
**£**
87,057
87,057
**Unrestricted**
**£**
3,495
1,500
4,995
**Grants to**
**Individuals**
**£**
3,495
3,495
**Unrestricted**
**£**
142
1,302
1,444|**Total**
**2023**
**£**
87,057
87,057
**Total**
**2023**
**£**
3,495
1,500
4,995
**Total**
**2023**
**£**
3,495
3,495
**Total**
**2023**
**£**
142
1,302
1,444|**Total**
**2022**
**£**
484,644|
|---|---|---|---|
||||484,644|
||||**Total**
**2022**
**£**
-
1,800|
||||1,800|
||||**Total**
**2022**
**£**
-|
||||-|
||||**Total**
**2022**
**£**
18
2,151|
||||2,169|
Page 9
**BRID GARDENS NOTES TO THE ACCOUNTS**
## 8 **Net income before transfers**
|**Net income before transfers**|||
|---|---|---|
|This is stated after charging:
Independent Examiner's fee|**2023**
**£**
1,800
1,800|**2022**
**£**
1,800|
|||1,800|
## 9 **Trustee remuneration and expenses**
None of the trustees have been paid any remuneration in the current or prior periods.
None of the trustees have been paid any expenses in the current or prior periods.
## 10 **Investments**
|**Cost or revaluation**
At 1 November 2022
At 31 October 2023
**Net book values**
At 31 October 2023
At 31 October 2022|**Total**
**£**
100|
|---|---|
||100|
||100|
||100|
## **Investment in Subsidiaries**
The company has the following subsidiary undertakings:
|**Name of company**
**Country of**
**incorporation**
**(if not UK)**
Brid Estates Limited|**Percentage of**
**shares held**
**Capital and**
**reserves at**
**end of the**
**relevant year**
**Profit/(loss) for**
**the relevant**
**year**
**%**
**£**
**£**
100
-
-
100
-
-|
|---|---|
Brid Estates Limited was incorporated on 13 July 2022.
## 11 **Debtors**
|Amounts owed by group undertakings
Prepayments and accrued income
**Creditors:**
amounts falling due within one year
Amounts owed to group undertakings
Accruals|**2022**
**£**
555,162
5,000
560,162
**2023**
**£**
100
1,800
1,900|**2022**
**£**
-
-|
|---|---|---|
|||-|
|||**2022**
**£**
100
1,800|
|||1,900|
## 12 **Creditors:**
Page 10
**BRID GARDENS NOTES TO THE ACCOUNTS**
## 13 **Movement in funds**
|13 **Movement in funds**|||||
|---|---|---|---|---|
|**Unrestricted**
**funds:**
**General funds**
**Total funds**
14 **Analysis of net assets between funds**
Investments
Net current assets|**At 1 November**
**2022**
**£**
480,675
480,675|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
87,057
87,057|**Resources**
**expended**
**£**|**At 31 October**
**2023**
**£**
561,293|
||||(6,439)||
||||(6,439)||
|||||561,293|
|||||**Total**
**£**
100
561,193|
|||||561,293|
## 15 **Related party disclosures**
Other than those mentioned above there are no related party transactions as require disclosure.
Page 11