COMPANY REGISTRATION NUMBER.. 01(MMS79 CHARITY REGISTRATJof+l IYUMBER: 262270 NEMOIL4L LIMrrED Company Limited by Guarantee UTrIAUDITED FINANCIAL STATEMENTS 30 DECEMBER 2013 COHEf4 ARNOLD Chartered accountants New Burlington House 1075 Finchley Road London NWI I OPU
NEMORAL LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 30 DECEMBER 2023 PAGES Trustees, annual re¥M)rt (incorporating t e direclor's retK)rt Independent examiner's report to ihe trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial st&tements Ito4 8t013
NEMORAL LIMITED COMPANY LIMITED B Y GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 30 DECEMBER 2023 The Efustees, who 'e also the directors for the purposes of coinpany law, present theiy report and the unaudited finarkcial stalements of the charity for the year ended 30 December 2023. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Charity registration number Company registration number 01004579 Principal office and registered New Burlingion House office 1075 Finchley Road London NWII OPU Nemoral Limited 262270 THE TRUSTEES Mrs R Gross Mr M Saber5ki COMPANY SECRETARY Mrs R Gr05S INDEPENDENT EXAMif4ER Dov Harris FCA New Burlin0 House 1075 Finchley Road London NWII OPU
NEMORAL LIMITED COMPANY LIMITED B Y GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORA TINC THE DIRECTOR'S REPORT) YEAR EP4DED 30 DECEMBER 2023 STRUCTURE, GOVERNAP4CE AND MANAGEMENT Governing document The charity is a comparjy lirnited by guarantee ar as suclI. its governing documenis are i Memoiandum and Articles of Association. Appointment Training and Recruitment of Trnstees The charity may by ordinary re501ution appoint a person who is willing to act lo be a trustee either to fill a vacancy or as an additional trustee. A trustee shall cease to hold office by virtue of Anicle 35 of the Articles of Ass(Kiation. New trustees are to be appointed based on personal competence, specialisi skills, local availability and from those who are able to promote the charitable activities of Ihe charity. Induction of the new trustees into ilie workings of the charity is undertaken by the current trustees. The quorum for the iransaction of the business of the trusiees may be fixed by the tru*ees bui shall not be less than the Inajority of iheir nuTnber or two tnistees, whichever is gre&ter. None of the trusiees Iiave any benefi¢ia] interest in the charity. RISK MANAGEMENT Tlie trustees have identified and reviewed the major risks to which the Gharity is exposed, in particular Ihose related to the operations and finance of the charity. and are saiisfied that Sy5tem5 are in place to mitigate those risks. Financial risk management and policies Tlie charity hold5 or issues finar]cial instruments in order to acljieve three main objeciives being: al to finance its operafions b) to Inanage ils exposure to interest and ¢urren¢y risks arising from operations and from its soiirce5 0 fsnan¢e,' and c) io generate funds. In addition varioiis financial insiriiinents (eg trade debiors, irade creditors, accruals and pi'epayments) arise directly from the Ch"Ity's operations. Credit risk The cliarity monitors credit risk closely and consider5 that its current polici of credit risk checks meer ils objectives of managing exposure to credit risk. The charity has no significant concentrdtions of credit risks. Arnounts shown in ihe balance sheet IEPIEseni tlie maxirnum credit exposure in the event other parties fail to p¢rforni their obligations linder the financial inslriiments. It is I'ecou7nised iliat system5 can only provide reasonable but not ab501ute assurance thal major risks have been adcquaiely Inanaged.
NEMORAL LIMITED COMPATr4Y LJMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 30 DECEMBER 2023 OBJECTIVES AND ACTIVITIES Objeets The objects of the charity are: i) Ihe advancement and furtheTance of tlie Jewish Religion and Jewish Religious ¢duration and the alleviation of poverty among the Jewi.%h community throughout the world. ii) other charitable activities that the trustees may from time to time detem)ine. The aims of the charity are to further those purposes both in the Uniied Kingdom and abroad re¢ognised as Lharitable by English Law and in furthcrance of the aforementioned obje¢is but nol otherwise Activities The incoine of tlie charity is derived from investments and donations. The truste continued their suppon of those orE2nisaiions deemed to promote the objects of this charity by way of grants and donations. The trustees confim) ihcir compliance wilh the duty to have due regard to the public benefit guidance published by the charity commission when reviewing ihe charily's aims and objectives and in planning future activities. Grant making policy The chai'ity accepts applications loi. grants from representatives of various charities, which al'e tyviewed by ihe irustees on a regular basis. ACHIEVEMENTS AND PERFORMANCE During tlie year the charity continiied its activities and maintained its suppport for r¢ligious educational and other charitable instilulions in Great Britain. FINANCIAL REVIEW Tlie financial result5 of the company's activities for the year are fully reflected in the anached Financial Siateinents togethei" with the Note5 thereon. PLANS FOR FUTURE PF.RIODS The chai'ity plans continuing the activiiies outlined above in the forthcomin resources being maintained ai a saiisfactory level. SMALL COMPANY PROVISIONS years subject to incoming Tliis repojl has been prepai'ed in accordance with the provisions applicable to companies entitled to Ihe small coinpanies exemplion.
NEMORAL LIMITED COMPANY LIMITED B Y GUARANTEE INDEPENDENT EXAMIF4ER'S REI)ORT TO THE TRUSTEES OF NEMORAL LIMITED YEAR ENDED 30 DECEMBER 2023 I'eport to the trustees on my examinalion of the financial stkternenis of Nemoral Limited {'the chaTity') for ihe year ended 30 Deceinber 20?3. RESPONSIBILITIES AND BASIS OF REPORT As the trusices of the company (and also it5 directOT5 for the purposes of company law) you are responsible for tlie preparation of ihe financial statements in accordance with ihe requirement5 of the Companies Act 20061'tlie 2006 Act,). Having satisfied Inygelf that the accounts of the company are not required to be audited under Part 16 of ihe 2006 Act and air eligible for independent examination, I report in respect of Tlly examination of the charity's 2ccoiints as carried out undei section 145 of the Charities Act 2011 {'the 201 l Act'}. In carrying out my examination I Iiave followed the Directions given by fhe Charity Commission under section 145(5)(b) of the ?0 I l A. INDEPENDENT EXAMINER'S STATEMENT In connection wilh my examinatlilTi. 111) n)atter has come to my attention: {1) which gives ME reasonable c 11 ".elieve that in any material respect thi I'cfj'.,.ments'. to keep accounting records in 8ecoTdance with section 386 of the Companies Act 2006, and to prepare aceounis which arcord with the accounting records, comply with the accounting requiremenis of section 396 of ihe Companies Act 2006 and with the methods and principles of the Statement of Recommended Praciice.. Accounting and ReportiT)g by Charities have not been Inei, or (2) io which, in my opinion, attention should be drawn kn order to enable a pioper understanding of the io be reached. Dov Harri5 FCA Independent Exaininer New BLlI'lington House 1075 Finchley Road London NWII OPU 16 Jiily 2024
NEMORAL LIMITED COMPANY LIMITED ISV CAl,I414,TEE STATEMENT OF FIP% l N(-T,¥L AcfiviTIES {1cLuDING INCOME Af4D LXPLNDITURE ACCOUNT) YEAR ENDED 30 DECEMBER 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Income and endowments Donations and legacies 30,000 30.000 100,000 Total ineome 30,(M)O 30.000 100.000 Expenditure Expenditui'e on charitable activities Other expendiiure TOAI expen0U 47.304 1,140 47,304 1,140 207,479 (20,048) 187,431 48,444 rsLfrxi5fTillnFr"i Ind net moveThent i funds (18,444 (18.444) (87.4i l) Reconciliation of funds Total funds brought forward Total funds carried forword 373,269 261,147 261,147 634.416 721,847 354.825 615,972 634,416 The statement of financial activities includes all gains and 105ses recognised in the year All income and expeJ)diture derive froin continuing activities. The nutes on p#%t5 8 to 13 foi'm pRI'l ofthese fith*tt¢iil StatemetS.
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IYEMORAL LIMITED COMPANY LIMITFD BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 DECEMBER 2023 GENERAL INFORMATION The charity is a public benefit entiiy and a private company liinited by guarantee, registered in England and Walcs and a registered cliarity in England and Wales. The address of tlie regisiered office is New Burlingion House. 1075 Finchley Road, London, NW I I OPU. STATEMENT OF COMPLIANCE These financial stateinents have been prepared in compliance with FRS 102, 'The Financial Reporting Standai'd applicable in the UK and the Republic of Ireland., the Statement of Recommended Practsce applicable to charities pitparing their accounts in accordance with ihe Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (Charities SORP IFRS 102)) and tE]e CoiJ)panie5 A¢[ 2006. ACCOUNTING POLICIES Basis of prepgration The financial slaiemen15 liave been prepared on ihe historicai cost basis, as modified by the revaluation of certain financi&il assers and liabililies and investmeni properties measured at fair value through income or expenditure. The finanLial stateinents are prepared in sterling. whifjh is the functional currency of the enti Going coneer There are no rnaterial uncertainties about tlie ¢harily'S ability to continue. Judgements and key sources of estimation uncertainty The prepatation of the financial statements requires Jnanagement to make judgements, esiimaies and assumptions that affect tlic amounts I'eported. These estimates and judgeTnents are continually reviewed and are based on experience and other factors, including expectations of future events ihai are believed io be IEasonable under the circuTnstances.
NEMORAL LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCJAL STA TEMENTS fc Jrlinued) YEAR ENDED 30 DECEMBER 2023 ACCOUNTING POLICIES {eoJtiiiiu¥d) Fund aeeounting Ineoming resources All donations are recognised in the Stalement of Financial Activities (SOFA) of the charity when reived. Investment management costs Jnvesiment managemenl Costs include costs relating to Ihe investment properties on aFJ accrual basis. Governance cost Governance cost includes costs of tlie preparaiioT) and audit of financial siaiemeffls 2nd cosl o any legal advhLe to ti'ustees on govei'nance or constitiitional matters. Liability recognition Liabilities are r¢cognised as so)on as ihere 15 a legal or constructive obligation committing the Charity to pay oiit roUl.ce$. Ch*ritable Actlvities Charitable activities are only recognised in the account5 when paid. Fund accounting General unrtttricted funds comprise the accumulated SLirplus or deficit on income and expendilui'e account. They are available for use at the discretion of the Trustees in furtherance of the general objectsves of the Chai'ity. Reslrictcd funds ore funds SLibject to specific restricied conditions irnposed by donors. Designated funds are funds wl)ich have beej) set aside at the discretion of the Trustees for spe¢ific purposes. Thcrc aiE no desibFn41ted funds as at ihe Balance Sheet date. A¢qutsititsns and disposals of properties Acquisitions and disposals are considered io have taken place at the date of legal completion and aT¢ included in tlie financial statements accordingly. Cost of obtaining finance Cost of obtaining finance is allocated io profit and loss account over the term of ihe loan at a con¥iani rate on the cariying atnouni of Ihe loans. In the case of early redemption of loans, unainort15ed finance cost is written off fully to profil aT)d loss account in the ytai. when early redemption occurs. Taxation The cliarity 15 not liable to direci taxation on its incoine as il falls within the various exeinptions available to re¥istered charities. The cliai'ity is not I'egistered for valued added tax (VAT) and is therefoie iinable io ieclaim any input tax li suffers on its purcliases. Expenditure in the accounts l5 therefore shown inclusive of V A T where appropriare.
NEMORAL LIMITED COMPANY LIMITED B Y GUARANTEE IYOTES TO THE FINANCIAL STATEMENTS ( C111[11¢dJ YEAR ENDED 30 DECEMBER 2023 ACCOUNTING POLICIES Incoming resources All incoiT]e is included in ihe staiement of financial activities when entitlement has passed to the charity, il is probable ihat the economic bcnefits SOCIated with the transa¢iion will flow to the charity and the amount can be reliably measured. Income from donations or grants is recognised when there is evidence of entitlernent to the gift, receipt is probable and its amount can be measured reliably. Resources expended Expenditure is recognised on an accrua15 basis as a liabiliry is incurred. Expenditure includes any VAT which cannot be fLilly recovered, and is classified under headings of ihe statement of financial activities to whicli it relates= expenditure on raising fund5 includes the costs of all fundraising activities, even non-chariiable trading aciiviiies, and ihe Sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertakirjg activities that further lis charilable aims for the benefit of its beneficiaries, includiJ]g those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure incliides all expenditure that is neiiher related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categorie5 reflectiFhg the use of the resource. Direct costs attributable to 2 single activity are allocated dItlY to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable aT)d ¢onsist¢nt basis. Financial instruments A financial asset or a financial liability is recognised only when the entily becom&s a party to the contractual provisions of Ilie instrument. Basic financial instruments are initially recognised at the amount ie¢eivabl¢ or paable including any related iransaction costs. unles5 the aTrangemeni consiituies a financing transaction, where it is recognised at tlie present valiie of the future payments discounted at a market rate of interest for a similar debi inslruinent. Current assets and curi'eni liabiliti are subsequenily measured al the or other consideraiion ¢xpected to be paid or received and not discoLinted. Debt insirnments ale subsequently measured at ainortised cost. Where investmenis in shares oi. pielerence shares al'e publicly iraded or their fair value can otherwise be Ineasured reliably, the investineni is subsequently Inepsured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently Ineasured at cost less impairment.
NEMORAL LIMITED COMPANY LIMITED B Y GUARANTEE NOTES TO THE FINANCIAL STATEMEf+rrs fc¢Jnfintsed} YEAR ENDED 30 DECEMBER 2023 LIMITED BY GUARANTEE The ¢ompany is liinited by guarantee and has no share capital. The liability of each member in the event of winding UP is limited to £1. DONATIONS AND LEGACIES Unrestricted Total Fund5 Unrestricted Total Funds Funds 2023 Funds 2022 DONATIONS Donations reiVed 30,000 30,000 100,000 (KJ,000 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unr.'-ti'icted T(It:il fiiTrils Unrestricted Total fuiid- 4, IirTrds -21123 Funds Furtherance of Jewish Religion and Education slipp0., 45.000 45,(100 205,0 2,479 47,304 47J04 207,479 207,479 All grdnts W¢lE paid to inslilutions in support of the relief of poverty, the advancement of the Jewish Religion and Jewish religious education amongsl other charitable causes. EXPEf4DITURE ON CHARITABLE ACTIVITIES BV ACTIVITY TYPE 205.000 Activities undertaken directly Suppon costs Total funds 2023 Total fund 2022 Furtherance of Jewish Religion aiid Education 45.000 2,304 47J04 207,479 SUPPORTCOSTS Analysis of suppojt cosis Total 2023 Toial 2022 Governance cosis 2J04 2a04 2.479 9. -()T-HLItrEXPENDITURE Unri%ll Icie(l Tol*sl b uni15 Unresti'icted Total Funds Funds 2023 Funds 2022 Interest payable and siFnilar cliarges L0551{Gain) on foreign exchange transactions 245 245 152 152 895 895 120.200) (20.048) (20,200) (20,048) 1,140 1.140
NEMOIi4L LIMITED COMPAIYY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (C YEAR ETr4DED 30 DECEMBF.R 2023 10. INDEPENDENT EXAMINATION FEES 2023 2022 Fees payable to the independent exaininer for.. Independent examination of the tinancial stateinents 2,10 2,1 11. STAFF COSTS There were no employees during the year. 12. TRUSTEE REMUNERATION AND EXPENSES No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 13. DEBTORS 2023 2022 Othei. debroi's 614,329 629,724 Included in Oih=r debtors are aiT)ounts lotalling £435 7.42 ii'htch fall due for iEpayment after niorc than ()n" K i 14. CREDITORS: amount5 falling due within one year 2023 2022 Accruals and deferred income 3,000 15. ANALYSIS OF CHARITABLE FUNDS Unrestricted funds At 31 December 2022 At 30 December 2023 Income Expenditure General funds 373,269 30,000 (48,444) 354,825 At 31 DeLeinber 2021 Ai 30 Deceinyer 2022 Income Expenditure General funds 460,700 i 00,000 (187,431) 373.269 12
NEMORAL LIMITED COMPANY LIMITED B Y GUARANTEE NOTES TO THE FINANCIAL STATEMENTS coNliJrw YEAR ENDED 30 DECEMBER 2023 15. ANALYSIS OF CHARITABLE FUNDS (¢thJii1Ju Restricted funds At 31 December 2022 Inc()me At 30 December 2023 Expenditure Restricd Fund 261.147 261,147 At 31 December 2021 At 30 December 2022 Income Expenditure ic%fri¢Ee3 Tiind 2M.1¢7 261,147 16. ,INAI I'ST8 QF NET ASSETS BETWEEN FL'N'DS_ UFiresii'JLted Funds Restricted Totsl Fund5 Funds 2023 CuFfLiii &sLIS Creditors less than l year Net assets 357.825 13,000) 354,825 261.147 61&972 (3,000) 61&972 261,147 Unrestrictcd Funds Restricted Total Funds Funds 2022 Current assets Creditors less than l year Net assets 376,269 (3,000) 373,269 261,1 37,416 (3,000} 634,416 261,147 17. RELATED PARTIES During the year under review the company received a donation of £30,000 {2022: £nil) from an entity connected with this company througli lis board. 13