WYCHVILLE LIMITED LIMITED BY GUARANTEE Company No: 1153190 Charity No: 267584 FINANCIAL STATEMETrITS for the year ended 31 MARCH 2024 COHEN ARNOLD CHARTERED ACCOUNTANTS LONDON NWI I OPU
WYCHVILLE LIMITED LIMITED BY GUARANTEE INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Reference and Administrative Infonnation Trustees Report Indeent Examiner's Report Statement of Financial Activities (incorporating the Income and Expenditure Account) Balance Sheet Stal¢m¢nt of Cash Flows 8-11 No*s to the Financial Statements
WYCHVILLE LIMITED IMITED BY GUARANTEE REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 GOVERNORS (TRUSTEES): Mr E Englander (Chairnian) Mrs B R Englander PRINCIPAL ADDRESS: 129 Stamford Hill London N16 5TW REGISTERED OFFICE: New Burlington House 1075 Finchley Road London NWI I OPU INDEPENDENT EXAMINER: Asher Sternlicht FCA Cohen Arnold New Burlington House 1075 Finchley Road London NWI I OPU PIUNCIPAL BANKERS: Barclays Bank PIC COMPANY NUMBER: 1153190 CHARITY NUMBER; 267584
WYCHVILLE LIMITED LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trust¢es, who are also Directors for the purposes of Company Law, have pleasure in presenting their Annual Report and the Financial Statements ofthe Charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE INFORMATION Reference and Administrative Infortnation of the Company is shown on P&ge l of the Financial Ststemenls and forn15 part of this report. STRUCTURE, GOVERNANCE AND MANAGEMENT Governin¥ Documelll Wychville Limiled is a Company limited by guaranlee governed by its Memorandum and Articles of Asso¢iation. Oryanisalion The Charity is administered by the Governors who are the TTUStees. Every TNst¢e holds office until helshe shall die or shall Cease to hold office by virtue of ihe Articles of Association. The day-to-day affairs of the Company are administered by the TN51ees whose Chairnian is Mr E Inglander. Where Ihere is 8 requirement for new Trustee& these would be identified and appointed by the r¢maining Trustees. The Chairman of the Trustees would be respx)nsible for the induction of any new Trnsl¢e. which involves aw&r¢ness of & Trustee's r¢5ponsibilities, the governing d(Kument. adminislrntive procedures, the history and philosophical approach of the Charity. A new Tnjstee would receive copies of the previous year's annual report and accounts with d¢tsil¢d explanation theof. All Trustees give their time voluntarily and no benefit or expenses w¢re paid to them in the year. 0ECTIVEs AND ACTIVITIES FOR THE BENEFIT OF THE PUBLIC Th¢ Charities objeclive$, as defined in its 8overT]ing document, are the advancement of religion in accordance with the orthodox Jewish faith. the relief of poverty and such other purposes as are recognised by English Law as ¢haritable. To achieve these objects, the Company utilises ils inrome to mak¢ 8rtS And donations. The Trustees confirni their compliance with the duty to have due re8Ard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning futur¢ &ctivities. Grani Making Policy The Trustees are approached for donations by a wtde variety of charitable institutions operating in the United Kingdom and abroad. The Trustees coiisider all requests which they receiv¢ and make donations based on the level of funds available. ACHtEVEMEIYTS AND PERFORMANCE During the year the Company continued io pursue it5 philanthropi¢ objects in support of educational. religious and other Charitable Organisations which is irt &c¢ordan¢e with the guidanc¢ of the Charity Commission relating to Public Benefit. The financial rc5uIts of the Company for the year ended 31 March 2024 are fully Irflted in the atth¢d Financial Statements together with the Notes th¢reon. Grants and donations in the year totalled £599,761 (2023- £567,513).
WYCHVILLE LIMITED IMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FL¥ANCIAL REVIEW Flnancial Posltion The financial p)sition ofthe Charity is satisfaclory. Income from donations and investments aggregated £622,648. Totsl resources expend¢d were £602,852 resultin8 in a net surplus of £19.796 foT the year and total reserves of £202.734 (deficit) (2023 - £222,530 deficil). Reserves Policy The Res¢rv¢s Policy of the Ttustees is to maintain unrestricted funds. which Are th¢ free reserves of the Charity, at 8 level they consider appropriate to the Charity's needs tsking into account likely future requirements. Prlncipal Uncertdlniles and Risk Managemenl The Trustees have identified and reviewed the major risks to which the Charity is exposed. in p8rti¢ular those related io the operation5 and finance of the Companyj and are satlsfied that syslems are in place to manage thos¢ risks. It is recogmised ihat systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. Prlnclpalfundin8 sources The charitable company's principal fundin8 sources were donations received from related Companies. PLANS FOR FUTURE PERIODS The Trustees plan continue makin8 distributions in accordance with their grnnt-making policy and lo ensure that the ability to generate sufficient income is maintllined to achiev¢ that end. SMALL CONIPANY PROVISIONS This report has been prepared in accordance with the provisions applicabl¢ to companies entitled io the small companies, ¢xernption. Approved by the Trustees on I?.. b1ey.%Kincluding in their capacity as Company Directors. By Order of ¢be Trustees Mr5 B R England - {Governor (Tru8tee))
WYCIIVILLE LIMITED IMITEI D BY GUARANTEE INDEPENDCNT EXAMINER'S RF.PORT TO THE GOVERNORS OF IVYCHVILLF. LIMITED YLAR LNDF,D 31 MAR(:112024 TRUSTEr.s I rep¢irt to the trustees on my examination of the fInancial statefflents of Wychville Limited ('the charity'l for the year ended 31 March 2024. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the company (and also ils directors forthe purposes of company law) you are responsible for ihe preparation of the financial statemenis in accordance with the requirements of the Companies Act 2006 ethe 2006 Aci,). Having satisfied myself that the accounts of the ¢ompany are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respe¢t of my exaTnination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Aci.). In carryin8 out my examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the 2011 Aci. INDEPENDEIYT EXAMINERIS STATEMENT Since the charity's gross income exceeded £250,IN)O your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am 8 meinber of the Institute of Chartered Accountsnls in England and Wales {ICAEWI, which is one of the listed bodies. I have completed my exarnination. I confirm that no matters have come to my artenlion in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2 the financial aleMentS do not accord with those records. or the financial statements do not comply with lh¢ accounting requirements of section 396 of the 2006 Act other than any requirement that ihe accounts give a 'lrue and fairf view which is not 8 matter considered as part of an independent examinaiion. or the financial slalements have not been prepar¢d in accordance with the meihods and principles of ihe Ststement of RecoTnmended Practice for accounting and reporting by charities applicable to charities preparing their aceount5 in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102). I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this report in ord¢r to enable a proper understanding of the accounts to be reached licht FCA Independent Examiner Cohen Arnold New Burlington House 1075 Finchley Road London NWI I OPU Date.. > 2025
WYCHVILLE LJMETED LIMITED BY GUARANTEE STATEMENT OF FINANCIAL AC'fiviTIES INCORPORATING THE INCOME & EXPENDITURE ACCOUN FOR THE YEAR ENDED 31 MARCH 2024 2024 Unrestrieted Funds 2023 Unrestricted Fund5 Notss INCOME AND ENDOWMENTS Donations and Legacies Investment Income 622000 559.000 135 Total In¢ome 622ffj48 559,135 EXPENDITURE Exp¢nditure on Charitabl¢ Activities 602,852 570,208 Totol Expenditure (602,852) (570.208) NET INCOME I (EXPENDITURE) AND NET MOVEMENT IN FUNDS 19,796 (11,073) ReconciliAtlon or runds Tot&l Funds Broughi Forward {2220) (211,457) TOTAL FUNDS CARIUED FORWARD £(202,734) 4222,530) The statement of financial activities in¢ludes all gains and105ses recognised in the year. All incom¢ and ¢xpenditure derive from continuing activities. The notes on p&ges 8 to I I forni part of ihese Financial Statements.
WYCHVILLE LIMITED IMITED BY GUARANTEE BALANCE SHEET AS AT 31 MARCH 2024 Corymny No." 1153190 2024 20 Notes CURRE ASSETS C&sh al Bank 13,141 CREDrfoRS: Amounls falling du¢ within one year (4,095) (10.750) Tot assets less current liabilitles 9.046 {10,750) CREDITORS: Amounts falling due after more than one year (211,780) (211,780) NET LIABILITIES £(202.734) £(222,530) FUNDS OF THE CHARITY Unrestricted Funds 10 (202.734) (222,530) TOTAL CHARITY FUNDS 202,734) 222,530) For the year ¢nded 31 March 2024 the Company was ¢ntitled to exemption from audit under Seciion 477 of the Companies Act 2006 relaling io small companies. Trustees, r¢sponsibilities'. The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with Section 476. and The Trustee5 acknowledge their responsibiliti¢s for complying with the requirements of the Act with respect to accountin8 records and the pr¢paration of accounts. These accounts have beerb prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial 5tatetnents were approved by the Trustees and authorised for issue on and are signed on their behalf by.. MRS B R ENGLA TRUSTEE ER The notes on pages 8 to I I fomi part of these Financial Statements.
WYCHVILLE LIMITED LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR 31 MARCH 2024 2024 2023 Net income l(expendlture) lor tbe year 19,796 (11,073) Adjustments for: Interest received Increas¢ / (Decrease) in creditors (148) 31 (135} (3.120) Net eash provlded by operating Aetlvltiej 19,679 (14.328) Cash flows from investiDg activltles: Interesl received 135 Net cash provided by Illy11g activSde8 135 Challge in caJb and e*sb equlvAlent8 ID tbe y¢or 19,827 (14,193) Cash and cash equivalents at ihe b¢ginning of the year (6fi86) 7.507 Ca$h eagh equivalents at the end of ihe yeAr 13,141 (6,686) The notes on pages 8 to I I forni part of these Financial Statements.
WYCHVILLE LIMITED LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATIOLY The charity is a privat¢ ¢ompany limited by guarnntee. registered in England and Wales and a registered charity in England and Wales. The dresS of the principal office 15 129 Stsmford Hill, London N16 5TW. STATEMENT OF COhlPLIANCE These financial stalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Ststem¢nt of Recotnmended Practice applicable to charities preparing their a¢counts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ACCOUNTING POLICIES The following accounting policie5 have been used consistently in the preparation of the Financial Statements. BASIS of atcounting The financial ststements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assels and li&bilitie5 and measured at fair value through income or expendiiure. The financial stat¢ments are prepared in slerling, which is the functional curr¢ncy of the entity. Judgements gDd key sourte8 of estim4tioD ync¢rt*inty The preparation of the financial statements rquires management to make judgements. estimates and assumption5 that affect the amounts pOrted. These eslimates and judgements are continually reviewed and are based on experien¢¢ and other factors, includin8 expectations of futu events that ar¢ believed lo be reasonable under the circumstances. Fund accountlng Unrestricted funds ar¢ available for use at the discretion of the trustees lo further any of the harity's purposes. Designated funds a)E unr¢stri¢ted funds earniarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their eXnditUre declared by the donor or through the ternis of an appeal and fall into one of two sub-classes.. re5tri¢ted income funds or endowment funds.
WYCHVILLE LIMITED LIMITED B Y GUARANTEE NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNfL¥G POLICIES (ConliK4ed) Incoming resource5 All incomins resources are included in the ststetnent of financial activities when entitlement has passed lo th¢ charity; it is probable that the economic benefits associ&ted wilh the transaction will flow to the charity and the amount can be reliably measured. Incotne from donations or grani8 is recognised when there is evidence of enlitlem¢nt to the gill receipt is probable and its amount can be measured reliably. Don&tions represent voluntary amounts receivable during the year. Investment Incom¢ is included in the a¢couniS when receivable. Resources expended Expenditure is recognised as soon as there is a present obligation cotnmitting ihe Charity to pay out resourL'es, it is probable ihat a transfer of economic benefits will be required in settlement and ihe amount be measured or estimated reliably. ChArttsble Activities Grants are charged in the period in which paid. ihey comprise donations to third-party insiitulions in accordance with the charitable objects of the charity and its public benefit objectives. Support costs Support costs are thos¢ ¢osts which are Common to all areas of the organisalion. These are allocated across all areas of activity on the basi5 ofthe number of service users for each activity. GovernAnce costs Governance costs are asso¢iated with the governance 8rrangements of the charity and relate to the general running of the charity. These ¢osts include audil. legal advice for'l'rustees and costs associated with m¢¢tin8 constitutional and slatutory requirements such as the Cost of Trustee meetin8s and the preparation of the statutory accounts. Taxallon The Charity is not liable to dIt tsxation (corporation tax) on its income &$ it falls wiihin ihe various exemptions available to registered Ch8rities. Financial ittstruments A financial asset or a financial liability 15 recognised only when the entity becomes a party to the wntra¢tual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable in¢ludin8 any related tf8nsaction costs, unless the arrangement constitutes a financing transaction, where il is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrum¢nt. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instrumenls are subsequently measured at amorti5ed cost.
WYCHVILLE LIMITED LIMITED BY GUAIi4NTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 General Donations £622500 £559.000 ANALYSIS OF ExPENDURE CHARITABLE ACTIVITIES 202 2023 Grant Funding Activities (Institulions) Support and Governance Costs (Note 6) $99,761 3,1191 567,513 2,695 £602052 £570,208 All granls pgid relate to advancem¢nt of the Jewish Religion and relief of p)v¢rty. An analysis of grants paid is altached to these Financial Statements. SUPPORT AND GOVERNANCE COSTS 202 2023 Independeni Examiner's Remun¢ralion General Expenses Bank Charges 2,760 216 2,100 403 192 %3,091 £2,695 STAFF COSTS AND EMOLUMENTS AND PARTICULARS OF EMPLOYEES No Trustee5 or staff have been paid any r¢muner8tion or receivd any other b¢n¢fits from the charity. No staff were employed by the charity durin8 the reTKYrting period. CREDITORS: AMOUNTS FALLllYG DUE WITHtN ONE YEAR Bank overdraft Sundry Creditors 6,686 4,064 4,095 £4,095 £10.750 io
WYCHVILLE LIMITED LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2024 CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 202 2024 Loan Creditor £211,780 £211,780 io. UNRESTRICTED FUNDS Charltable Fullds Balance ai l April 2023 Net incoming Resources for th¢ Year (222,530) 19,796 Balance at 31 Ma 2024 £1202,734) ii. RELATED PARTY TRANSACTIONS There have been no related party transactions in the PortIng period that r¢quire disclosure. The Loan Creditor (Note 9) represent5 Amounts aggregating £211.780 due to Gainhold Limiitcd, the Directors of which are also the Trustees of the Charity.
WYCHVILLE LIlTED LIMITED BY GUARANTEE ANALYSIS OF GRANTS FOR THE YEAR ENDED 31 MARCH 2024 Recipients of Ins¢itutioDal GrAnts Friends of Bels Chinuch t£bonos Trust 101,000 Friends of Bels Soroh S¢hneirer 48.000 Friends of Mercaz Hatorah Bell mhn1vka 200.250 mhz1kel L(xndei Torah 95.860 Mifal Hachesed Vehatzdokoh 63.500 One Heart- Lev Echod 15,000 Liv¢ and Lewn 15.1)00 Bels Aharon Trust 22.900 Other 8rnnts 38.251 £599,761