COMPANY REGISTRATION NUMBER: 00792171 CHARITY REGISTRATION NUMBER: 268521 Company Limited by Guarantee FINANCIAL STATEMENrs 31 MARCH 2024 COHEN ARNOLD Chartered accountants & statutory auditor New Burlington Howe 1075 Finchley Road IK)ndon Nwi i OPU
TSEDOKO LIMITED COMPANY LIMITED BY GUARANTEE FJNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PAGES Trustees, annual report (incorporating the directovs report) Independent auditor's report to ihe members Stal¢ment of financial activities {including income and expenditure account) Stalement of fjnancial position Notes to the financial statements Ito4 5t09 io 12to17
TSEDOKO LIMITED COMPANY LIMITED BY GUARAf4TEE TRUSTEES, ANNUAL REPORT {INCORPORATING THE DJREcfoR'S REPORT) YEAR ENDED 31 MARCH 2024 The trustee5, who are also the directors for the purposes of compaT)y law, preseni their report and the financial statements of the charity for the year ended 31 March 2024. REFERENCE Af+lD ADMINISTRATIVE DETAILS Registered charity name Charity registrntion number Company registration number 00792171 Principal office 3 Goodyei's GaTdens London NW4 2HD United Kingdom Tsedoko Limited 268521 Registered office New Burlington House 1075 Fincliley Road London NWII OPU United Kingdom THE TRUSTEES Mrs R S Glatt Mr L Glatt Mr l L Glait Mr A C Kestel Mrs D F Kestel COMPANY SECRETARY Mrs R S Glatt AUDITOR Cohen Arnold Chartei'ed accountanis & starlltory auditor New Burlington House 1075 Finchley R02d London NWII OPU
TSEDOKO LIMITED COMPATr4Y LIMITED B Y GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATJNG THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND MANAGEMEf4T The cliai.ity is constituted As a company limited by guarantee, govei'ned by its Meinorandum and Articles of Association. The day-io-day affairs of ihe cornpany are administered by the trustees. None of ihe trustees have any beneficial intei'est in the ¢ompany. It is noi currently ihe intenfion of the trustees of ihe charity to appoint new trusiees. Should the siluation cliange in the futLire, tlie trustees will apply siiitable I'ecruiiment training and induction prOCedLir. All trustees give theii. time volunlarily and no benefit or experises were received by them during the year. IUSK MANAGEMENT The trustees have assessed the major Tisks to which the charity is exposed, in partiLular those related to tlie operations and finances of tlie cliariiy, and are satisfied thai systems are in place to Inanage tliose risks. OWECTIVES AND ACTIVITIES The charity is established to furiher those purpo.ges both in the United Kingdom and abi'oad recognised as chai"itable by English Law. The charity received income mainly from its properly investmenis which li iitilise5 to IT]ake gTanis and donations. Dui'ing the year the cliarity continLicd to piirsue its philanthropic obje¢ls in support of educational, I'eligious and otlier Cliariiable Oi'ganisarions which was in accordance with the giiidaJ)ce of the Charity Commissioii relating to PLiblic Benefit. Grant Iwlaking Policy Gi'ants are inade to chai'iiable institLltion5 and organisation which accord with the objects of the charily- ACHIEVF.MENTS Af+lD PERFORMANCE Diii'ing tlie year the chartly continLied its pliilanthropic activities in support of ediicational. I'eligioiis and oilier Chariiable Oi'gJanisalions whiLh is in accoiLlance with ihe guidance of the Cliarily CoinTnission relating to Public Benefit. Tl)e aggi'egate of the donations and grants were £406,510 (?0?3.. £395,165). Tlie financial results of the cliai'ity's acliviiies foi. the year 10 31 March 2024 are fully refle¢ted in the attached Financial Siateineiits togeiher wilh tl)e Notes thereon.
TSEDOKO LIMITED COMPATrIY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR EIYDED 31 MARCH 2024 FI]YANCIAL REVIEW Reserves poliey It is the policy of the charity to Inaintain unrestricted funds. which are ihe free reserves of the ehaiily, al a level whicli the irusiees think appropriate after consideriT)g the future commilments of ihe chariry and ihe likely administrdtive cosis of the charity for the next Ye.. lllvestment power5 and poliey Under the Memorandum and Article5 of Association. the chariiy has the powei. lo Jnake any investment, which the trustees considei. appropriate. The trustees regularly review the charity's inv¢5tmeni policy. The trusiees considei. tlie return on inveslments, in lerins of both income and ¢8piial growth. lo be satisfaciory. The tTUStees, liaving regard to tl)e liquidity requirements of the charity and to the reserves policy have opei.ated a pol icy of keeping available funds in interest bearing deposit a¢¢ount. PLANS FOR FUTURE PERIODS The trustees plan to confinue to Inoke distributions in ac¢ordance with their gTani Inaking policy and to ensure that the gbility to generate sufficienl income is maintained to achieve Il)at end. TRUSTEES, RESPONSIBILITIES STATEMENT The trusiees, who are also directors for Ilie pui'poses of company law. are resptsnsible for preparing the iriistees. report and the financial 5tateineJ)ts in accordance with applicable law and United Kingdom Accounting Standards {United Kingdoin Generally Accepted Accounting Practice). Coinpany law requires tl)e cliariiy 11-ustees to prepare financial statements for each yeai. wliich give a true and fail- view of ilie stale of affairs of the chai'itable coinpany and ihe incoining resources and applicaiion of re.8Ok)rces, including the iT)¢ome and expenditure. for ihai period. In pretyaring these financial stateinents, the trnstees are required io: select suitable accounfing policies and then apply them consistently. observe the methods and principles in the applicable Charilies SORP,. Inake judgments aT)d accoLinling estiindtes tl)at ale reasonable and prudent; PIEpare tlic financial stateinenis on tlie going eoncem basis unless it is inappi'opriate io presuine tliat rhe charity will continiic in biisines5. Tlie trustees are responsible for keeping adequate accounting records that are sufficierhl to sliow and explain the cliarity'5 InsaCtIOnS and disLlose with reasonable accuracy at any time the financial position of the charity and enable tl)em to ensure that the fjnancial stateillents coinply with the Coinpanies Act 2006. Tliey ai'e also iespon%ible f()i' safeguarding the ¢isseis of the cliai'ity and hence foi. taking I'c050nable steps for ilie ptrventitsn and detection of fraud and othei- ii'lEgularities.
TSEDOKO LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATJNG THE DIRECTOR'S REPORD YEAR ENDED 31 MARCH 2024 AUDITOR Each of the persons who is a tTUStee at tlie dale of approval of this report confirnjs that.. so far as they are aware, tliere is no Televanl akjdit information of which the charity's audiior is unaware,. and they have taken all steps that they ouglit to have taken as a trustee to make themselves aware of any relevant audit inforination and to establish that tlie charity's audilor is aware of that information. The 2udrtor is defflned to liave bn re-appointed in accordance wilh section 487 of ihe Companies Act 2006. SMALL COMPANY PROVISIONS This report has been prepared in accordance with ihe provisions applicable to companies enlitled to the small companies exemption. The trustees, annual report approved on 8 October 2024 and signed on behalf of ihe lJ)ard of tnlstees by.. Mrs R S Glait Tnjsiee
TSEDOKO LIMITED COMPANY LIMITED B Y GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TSEDOKO LIMITED YEAR ENDED 31 MARCH 2024 OPINION We have audited the financial siaiemenis rhf Tsedoko Limited (the 'charity') for the year ended 31 March2024 which comprise the staieineni of financial aciivitie5 (including income and expenditure a¢count}, siatement of financial posilion and the related noies, including a summary of significant awounting policies. The financial reponing framework thai has been applied in their pRparalion is applicable law and United Kingdoin Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in tlie UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the finaneial gtatemenis= giv¢ a true and fair view of il)e state of the chai'ity's affairs as at 31 March 2024 and of ils incoming resouices and application of resoui'ces. including lis income and expenditure, for the yearihen ended. have been properSy prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice. have been pi'epared in a¢coTdan¢e with the requii'ements of ihe Companies Aci 2006. BASIS FOR OPINiof4 We conducted our audii in accoi'dance with International Standards on AuditinE IUK} (ISAS (UK)) and applicable law. Our responsibilities under those standards are furthei. described in lh¢ auditoj s responsibilities for ihe audit of the financial statements seciion of our report. We ar¢ independent of the chai'ity in ac¢ordance with the ethical I'equireinents that are relevant to our audit of the financial statements in the UK, including the FRC'S F.Ihical Standard. and we have fulfilled our otlier ethical responsibilities in accordance with these requirements. We believe that Ihe audit evidence we have obtained is sufficient and appropriate to provide a basis for oiir opinion. CONCLUSIONS RELATING TO GOJNG CONCERN In auditing the financial 5tateinents, we have concluded that the irusiees, iise of the going concern basis of accounting in the preparation of the financial statements is appropriale. Based on tlie wo1* we have perforffled, we have not identified any inalerial uncertainties relating to ¢venis or conditions thai, individually or ctillectively, Tnay ¢asi significant doubt on the charity's ability lo continiie as a going concern for a period of at leasi twelve montlis from when the financial stateinents are auihorised for issue. Our responsibilities and ihe responsibilities of tl)e tru5tee5 With respect to going concern are described in the relevani sections of this report.
TSEI DOKO LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TSEDOKO LIMITED cvThliJrtseil) YEAR ENDED 31 MARCH 2024 OTHER JNFORMA TION The oiher inforn)ation comprises tlie inforination incliided in ihe annual report, oil)er than the financial slatemenls and our auditor's report Ihereon. The triistees are responsible for the other information. Our opinion on the financial statements di)es not cover the oiliei. information and, except to ihe extent otherwise explicitly stated in our report, we do not express any foiin of assurance Conclusion thereon. In ¢onnection with OUT audii of ihe financial stateTnenlS. our responsibility is to read the other infomiation and, in doing so, consider wherher the other inforination is mateTially inconsistent witli the financial statements or our knowledge obtained in the audit or otherwise appedrs to be materially misstated. If we identify Slich material inconsTrsiencies or appareni material misstatements. we are required to determine whether there is a material misstateinent in the financial statements or a material misstatement of the oiher inforination. If, based on tlie work we liave perfornied. we conclude that there is a matei'ial misstateinetbl of thi5 Other informalioy), we are required to report that fact. We have nothing to report in this regard. OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the ¢ourse of the audit.. the information given in tlie Iruslees, repoi1 foi the financial year for which the financial statements are PTepared is consisleni witli ihe financial statements- and the trusiees. report ha5 been prepai'ed in accordance with appli¢able legal requirenenls. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTIOP4 In the ligm of the knowledge and understanding of the chai'ity and its environment obtained in the course of ihe audii, we liavc not idenlificd maiei'ial Inisstatements in ihe irLislees' report. We have nothing to irport in respect of tlie following Inatters in relation io whicli the Companies A¢1 2006 requiiES US to reporl to you if, in oiir opinion-. adequaie accounting records have not been kepl, or returns adequate for our audit liave not been received from branclies not visited by LIS., or the financial statements are not in agreeinent will) Ilie accounting records And returns; or certain disclosLires of trustees. TemLincration specified by law are not made- or we have not received all tlie infoi'mation and explanations we require for our audit; or the irustees were not entitled to prepare (he financial statements in accordance with the sinall 2ompanie.s regime and take advantage of the small ¢OTnpanies' exemptions in preparing the directors, ieport and fj'tsm the requirement to prepare a siraiegic repoi't.
TSEDOKO LIMITED COMPANY LIMITED B Y GUARANTEF. INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TSEDOKO LIMITED (conlivuIj YEAR ENDED 31 MARCH 2024 RESPONSIBILITIES OF TRUSTEES As explained more fully in the triisiees, responsTrbilities statement, the ti'ustees (wlio are 21s0 the direclois for the purposes of company law) ale r¢sp()nsible for the preparation of the financial ststements and for being satisfied that they give a tiue and fair view, and for such intei'nal eontrol as the trustees determine is neLessary to enable th¢ preparation of financial siatements that are free from material mi5Staiemeni, whethei- due to fraud or error. In preparing the financial statemcnls, Ihe irusiee.% are responsible for assessing the charity's abiliiy to continue as a going concern, disclosing, as applicable, matters related to going conccrn and using ihe going concern basis of accounting unless the trustee5 eitl)er inrend to liquidaie ihe charity or to ceasc operations, or have no realisiic alternative but to do so. AUDITOR'S RESPOP4SJBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our obj¢ctives are to obtain reasonable assurance abolit wlieiher ihe financial siaiemenis as a whole are fr¢e from material misstateinent, whethei. due to fraud or ei'i'or, and io issue an auditor's report that includes our opinion. Reasonable assurance is a higli level of assurance, but Is not a guaTantee Ihat an audit conducted in aL¢ordance with ISAS (UK) will always detect a illaterial rnisstatement when it exists. Misstaleillents arise froin fraud oi. ttrror and are considered matei'ial if, individually or in the aggregate, they could reasonably be expe¢ied to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulalions. We design procedures in line wilh our respon5ibililies, ouilined above, (o delect material missiateinents in re5peci of irregularities. including fi'aud. The exlent to wliich Qui procedui'es are capable of detecting irregularities. including fraud is detailed below.. We obtained an understanding of the legal and regulatory frameworks thai are applicable to the group throuuFh discussion with tl)e direciors and identified whicli were most significani with respect to ihe financial staieinents. We idenlified financial repolting legi51aiion (including related companies legi51aiiow)), taxdtion legislaliot), landlord legislation, and anri-bribery legislation as being IT)05t 5tgnificant to these linancial stateinents. We communicated these idenrified fTaineworks amongst OLir audit teain and reinained alert to any indications of non- compliance througl)oui ihe audit. We ensured that the engagement team had sufficient competence and capability to identify oi" recognise non-coinpliance with laws aT)d regulations. We discussed witli the direciors the po)licies and PTocedures regarding compliance with these legal and regulatoi'y frainewoi'ks. We assessed the susceptibiliiy of the groLlP'S financial staiements to rnaterial misstaiement diie to non-compliance with legal and I'egLilatoiy framework.s, including how fraud might occui., by enquiry with the directors during ilie plannit]g and finalisation phases of our audit. The Susceptibility to suLh Inalei'ial missiateinent was deteriniD¢d to be low. Based on this understanding we designed OUT audit pi'ocedures to identify non-compliance with the identified legal and regulatory fraincworks. whicli were part of our procedures on the related financial 5tatetneni iieins. Oiii. procedures included rcviewing ihe group's intei'nal coniiols policies and pi'oLedures. correspondence willi regulatoiy bodies including HMRC, testing trdn.%aCti0 outside the noi'inal coui'se of ihe busines5 and joui'nal entries, and discussions with the directors and scnioi" Inanagemeni.
TSEDOKO LIMITED COMPANY LIMITED BY CYUARANTEE INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF TSEDOKO LIMITED f YEAR EP4DED 31 LVIARCH 2024 Owing to the inherent limitations of an audit, there is dn unavoidable T15k thai we may not have detected some material misstatements in the financial slateinent5. even though we have propei'ly planned 2nd perfornied our aiidit in accordance with audiling standards. For exainple, the further removed non-compliance wilh laws and regulations (iTregLilarities) is from the events and transactions reflected in the financial siatements, the les5 likely Ihe inhei'ently liinited procedures required by auditing standards would identify it. In addition, as with any aiidit, there remailled a higher risk of non4ete¢iion of irregularities. as these tnay involve collusion, forgery, inlentional omis.%ions, misrepresentations, OT the override of internal conti'0ls. We are not responsible for preventing non- compliance and rannol be expected to detect non-coinpliance with all laws and regulations. As part of an audil in accordance with ISAS {UK}, wt exercise professional judgineni and maintain professional s¢eplicisffl iliroughout the audit_ We also.. Identify and asse55 Ihe risks of Inaterial Inisstatement of tlie financial statements, whether due to fraud or error, design and pei'form audit procedlires I'esponsive to th05E rsskg, and obtain audit eviden¢e that is sufficient and appropriaie to provide a bJsis foi. our opinion. The risk of not detecting a material misstatemeni resuliing froim fi'aud 15 higher il)an for one resullin&, from error, as fraiid may involve collusion, forgery, inientianal oinissions. Tnisrepiesent2tions, or the override of internal control. Obtain an undei'standing of iniei'nal contiDI relevant to ihe audit in order to design audit procedures ihat are appropi'iaie in the cir¢utnsiances, but not for the purtM)se of expressing an opinion on the effectiveness of the iniei.nal control. Evaluate the approprsateness of accoLinting policies used and the reasonableness of accounting estimates and reldied disclosures fflad¢ by the irLISte. Conclude oll the appi'opriaieness of the ITU5tcc%' use of The going concem basis of accounting and, based on the aiidit evidence obtained, wlieiher a maierial uncertainly exists relaled to events or conditions that may cast significant doubl on tlie ¢harily'S ability to continue as a going concern. 11- we conclude that a material iinceilainty e.xists, we are required to draw attention in our auditor's report to the related disclosuies in tlie financial statejnents or, if such disclosures are inadequate, to Inodify oui. opinion. Our Lonclusion5 are based otl Ihe audit evidencc obtained up io the dale of oiir aLiditor'5 I'eport. However. fLltui'e events 01 condilions may cause thc charity io cease to continiie as 2 going concem. Evaluate the oveiall presentation, sti'ucture and content of the financial statemcnts, inclLiding the dis¢losures, and whether ilie financial siatements IEpresent the underlying trnnsaciions and events in a IT)anner thai achieves fair presentation.
TSEDOKO LIIVIITED COMPATr4Y LIMITED BY GUARANTEE JNDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TSEDOKO LIMITED {-,. YEAR EI NDED 31 MARCH 2024 We communicate with those charged wilh governance regai'ding. among other Inatters, the planned scope and timing of the audit and signifi¢ani audit findings, including any significant deficiencies in internal control ihat we identify during our audit. USE OF OUR REPORT This report is made solely to the charity's members, as a body. in accoi'dance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work has been undenaken so that we might state to the charity's members those Matte we are required io state 10 Ihem in an auditor's repoil and for no other purpose. To the fullest extent pei'mitted by law, we do not accepi OT assuine responsibility to anyone other than the charity and ihe charity's Inembers as a body, for our audit work, for this report, or for the opintons we have formed. Dov FlaL'riS FCA {Senior Siatutory Auditor) For and on behalf of Cohen Arnold Chartered accouniants & statutory auditor New Burlington House 1075 Finchley Road London NWI I OPU 8 October 2024
TSEDOKO LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 2024 Unrestiicted funds Total funds Total funds 2023 Noie Income and endoivments DoJ]ations and legacies Investment income 43,750 450,262 494,012 43,75n 450,262 4Y4,012 47,000 430,392 477,392 Total incojne Expenditure Expenditure on rdi5ing fuTJds: Investmenl managemeni costs Expenditure on chariiable activities Total expenditure 71,833 424.775 71.833 424.775 107,461 412.144 496,608 496,608 519.605 Net gains on investments 10 6,291 6291 299,670 Net income net movement in fuDds 3,695 3,695 257,457 Reconciliation of funds Total fuJ)ds brought forwai'd Total funds tarried forward 8.549,054 8.549,054 8,291,597 8,549,054 8.552,749 8.552,749 The statement of financial a¢¢ivilies includes all gains and losses reeognised in the year. All income and expenditure derive froin continiiing aciivities. The note5 On p*at$ 12 10 17 fvmi parl Ihcs¢ fiM)Ith¢iJl $14itmtnts. Jo-
TSEDOKO LIMrrED COMPANY LIMITED BY GUAIL4NTEE STATEMENT OF FINAIYCIAL POSITION 31 MARCH 2024 2024 2023 FIXED ASSETS Investments 13 8.292,076 8,285,785 CURRENT ASSETS Debtors Cash at bank and in hand 14 103,216 252.367 247,417 118,825 366,242 355,583 CREDITORS: amounts falling due within ome year NET CURRENT ASSETS 15 94,910 10? 973 260,673 263,269 TOTAL ASSETS LESS CURRENT LIABJLJTIES 8,552,749 8.552,749 8,549,054 8,549,054 NET ASSETS FUNDS OF THE CHARITY Unrestricted funds 8,552.749 8,552,749 8,549,054 8,549,054 Total charity funds 16 These financial statements have been prepared in accordance with the provision5 applicable to companies subject to the 51nall companies. regirne. These fin&ncial statements were approved by ihe board of ti'ustee$ 2nd aliihorised for issue on 8 October 2024. and are signed on behalf of the board by- Mrs R S Glatt TrLisiee Tht noi¢s on pgt% 12 10 17 foi'm pri ol'ihe$e fing1.11 st#lemtthts. li
TSEDOKO LIMITED COMPAIYY LIMITED B Y GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS YEAR EP4DED 31 MARCH 2024 GENERAL INFORMATION The charity is a public benefit entity and a private company lirnited by guarantee, registered in England and Wale5 and a r¢gisterrd charity in Englarid and Wales. The addi'ess of the registered office is New Burlington House, 1075 Finchley Road, London, NW I I OPU, United Kingdoin. STATEMENT OF COMPLJANCE These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and tlie Repiiblic of Ireland,, the Stateinent of Recommended Prnctice applicable to charilies preparing iheii. accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. ACCOUNTIP4G POLICIES Basis of preparatio The financial stal¢rnents have been prepared on the Iiisiorical cost basis, as modified by the revaluation of certain financial assets and liabiliiies and inve%iTneni propeilies measured at fair value through income or expenditure. The financial statements are prepared in sterling, which 15 the functional currency of the entity. Tsedoko Lirnited meets the definition of a public benefit entity Linder FRS 102 Going concern There are no malerial uncertainties about the charity's ability io continue. Judgements and key Sources of estimation uncertainty The preparation of the financial statements requires Tnanagemeni io make judgements. estitnates and assumptions ihat affeci the amounts reported. These estimates and judgements are continually reviewed and are based on experience and orheT faclors, including expectations of future events that are believed to be reasonable under ihe circumstances. Fund accounting Unrestricted funds are available for use at The discreiion of the ti'ustees io further any of the charity's purposes. Designaled funds are unrestricted funds earmarked by tlie tTL15tees for particiilar fiiture project or commitment. Restricled funds are subjected to restricfions on their expendilure declared by ihe donor or through the tcrms of an appeal, and fall into one of iwo SLib-classes'. resiricted incoine fund5 01. endowment funds. Jneoming resources Recognition of Incoming Re50urees These are included in the StateTnent of Financial Activities ISOFA) wlien.. The ChaTlty becoines eniitled 10 ihe resoLirces', The Trustees are virtiially certain tliey will receive tlie resou¥ee5- and The monetai'y valLie can be inea5ured with sufficient reliabilily. 12
TSEDOKO LIMITED COMPANY LIMITED B Y GUARANTEE NOTES TO THE FINANCJAL STATEMENTS (conFinii¢ilJ YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (C4MiIMu¥{l) Resources expended Liability Recognition Liabilities are recognised a5 soon as ihere is a legal 01 construclive obligation coininitting tlic Cl)arity to pay out resources. Governanee Costs Include costs of the preparation and examination of Statutory ALLuiinlS, tlie cosis of trustee meetings and cost of any legal advice to irustees on govei'nance or consii1Lltional matte. Taxation The charily is lTrOt liable to direct taxation {COTporaiion tax) on its income as il falls within the various exemptions available to registered Cliarities. Financial Instruments Financial Instruments are classified and accounted foi.. according to the substance of the coniractual arrangement, a5 either financial assets, financial liabilities or equiiy insti'uments. An equity instrumenl is any Contract tliai evidences a residu¢il iJJierest in il)e a5se15 of the ¢oinpany after deducting all of the liabilities. Investments Unlisted equily investments are initially recorded at c(Trsl, and subsequently measured at fail value. If fair value cannot be reliably measuitd, asseis are measiired al cost less iiT)pairinent. Listed investment5 ar¢ measured at fair value with changes in fair value being I'ecognised in income or expenditure. Jnvestment property Investment property is initially recorded at cost, which incllides purchase pi'ice and any dirceily attributable expendituie. Investment property is revalued to ils fair valLie at each iepoiting dale and any changies in fair value are recognised in incoine or expenditure. If a reliable measure of fair valLie is no longer available without iindue cosi or effort for an iiem of investmeni propeitty, it sliall be t17nsfei-i.ed to tangible assets and treated as SLich iiiiti l it is expected that fair value will be reliably measurable on an on-going basis. Impairment of fixed assets A review for indicators of impairnieni is cai'ried out al each reporting dale: witli tlie recoverable amount being estimated whei'e SULI) indicatoi's exist. Wliere Il)e cari'ying value exceeds the Tecoverable amount, the assei is iinpaiiEd accordingly. Prior iinpairinents ai"e also revieived foi. possible reversal at eacli rcporting date. 13
TSEDOKO LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS fc.,,,,,. YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES fcoollp¥¥d) Financial instruments Financial instruments are classified and accounted for, according to the substance of the contractual agreemenL as either financial assets, financial liabilities or equity insli'uinents. An equity instrument is any contract that evidences residual interest in Ihe asseis of the coinpany after deducting all of the liabilities. LIMITED BY GUARANTEE The charity is a company limited by guarantee and lias no share capital. The liability of each member in the event of winding up is limiied io £1. DONATIONS AND LEGACIES Unrestricted Total Funds Unre51ricted Tolal Funds Fiinds 2024 Funds 2023 DONATIONS Donations 43,750 43,750 47,000 47.000 INVESTMENT INCOME Unresiricted Total Funds Uni'esiriLted Total Funds Funds 2024 Funds 2023 Rental Income Insurance receivable Incoffle from listed investments Bank interest re]Vable 447,763 4,753 2,499 447,763 4,753 2.499 4?8,634 9,235 1,392 366 428,634 9,235 1,392 366 455,015 455.015 439,627 439,627 INVESTMENT MANAGEMENT COSTS Unrestricted Total Funds Unrestricted Toial Funds Fiinds 2024 2023 Management fees Insiirance Rates & water Repairs & maintenance Legal & professional Bank inierest Light & heat 11,600 16.31 11.600 16.311 ?7,628 10.222 25 57,105 27,628 10222 25 57,105 11.282 882 317 33,333 8,806 33J33 8,806 882 317 1.783 1,783 71,833 71,833 107.461 107,461 14
TSEDOKO LIMITED COMPANY LIMITED BY GUARAP4TEE NOTES TO THE FINANCIAL STATEMENTS I YEAR ENDED 31 MARCH 2024 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unresiricted Total Funds Unrestricted Total Funds Fund5 2024 Funds 2023 Donations Paid Support costs 406,510 18.265 4116,510 18,265 424.775 424,775 412,144 All grants were paid to institution5 in sUPPOrt ot'the relief of povei'ty, the advancement of health, Ihe advaT)ceinent of Jewish religion and tlie advancemeni of Jewish religioiis education. Included iy) the charitable activities are the following material gi'ants Inade during the year.. 2024 395,165 16.979 395,165 16,979 412,144 Bei5 Aharon Trust Ltd The Rehabilitation Trust Shir Chesed Bels Yisroel One Heart - Lev Echad other amounts less than £25.000 47,000 35,000 29,000 25,000 270.5JO Total 406,510 EXPENDITURE or4 CHARITABLE ACTIVITIES BY ACTIVITY TYPE Giant funding Total funds of activities Support costs 2024 Total fund 2023 Donations Paid Governance costs 406.510 406,510 18,26S 424,775 395,165 16,979 412,144 18,265 18,265 406.510 10. NET GAINS ON INVESTMENTS Unrestricted Total Funds Unreslricted Total Funds 2024 Funds" 2023 Gain(lOS$es) on investment property Gains1(losse5) on listed inveslinents 30Q,000 (330) 299.670 300,000 1330) 299,670 6,291 6.291 6.291 6,291 I I. STAFF COSTS No salaries or wages have b¢en paid io ti'ustees diii'ing the year. 15
TSEDOKO LIMITED COMPANY LIMfrED B Y GUARANTEE ]YOTES TO THE FINATrICIAL STATEMEf4TS (tOnÉlttJteilJ YEAR ENDED 31 MARCH 2024 12. TRUSTEE REMUNERATJON AND EXPENSES No salaries or wages have been paid to truslees during the year. The charity did not meet any individual expeJ)ses incui'red by the trustees for services pi'ovided to the charity. 13. INVESTMENTS Listed Investment investments properties Total Cost or valuation At l April 2023 Additions Other moveiy)ents 51,035 8,234.750 &285,785 6,291 6,291 At 31 March 2024 57.326 8,234.750 &292,076 Impairment At l April 2023 and 31 M8reh 2024 Carrying amount At 31 March 2024 57,326 8,234,750 8,234,750 &292,076 At 31 March 2023 51,035 8.285,785 All investments shown above are held at valuation. Investment properties The investm¢nt properties are stated at tn]stees' valuation assisied by RICS qualified professionals at 31 March 2024. The valiiation És based on ihe IFusiees' Linderstanding of Property mai'kel conditions and the specific properties concerned, Lising a sales valualion approach, derived from recent comparable iransactions on the Inai'ket, adjiisted by applying discounts ro reflect status of occupation and condition. The ti'iistees have extensive experience i the field of property investment and valuation acciimulated over a considerable pei'iod of liine. The historic cost of the company's investment propetTy is £5,165,144 {20?3= £5.165.144). FiDaneial assets held at fair value The historic cost of the eornpany's listed investlT)ents is £?6,988 {2023= £26.988)- 14. DEBTORS 2024 Trade debtors Prepayments and accrued in¢om¢ Other debtors 79,744 8,469 15,003 103,216 149,854 8.469 89,094 247,417 16-
TSEDOKO LIMITED COMPANY LIMITED BY CUARANTEE NOTES TO THE FINANCIAL STATEMENTS Ic4Miinueil) YEAR ENDED 31 MARCH 2024 15. CREDITORS: amounts f#lling due within one year 2024 ?023 Trade creditors Accruals and deferred income Other creditors 61.000 8,400 25,510 94,910 69.063 8.400 25,510 102,973 16. ANALYSIS OF CHAIUTABLE FUNDS Unrestricted funds Al l April 2023 Gains andAt 31 March losses 2024 IncoJne Expendi(ure General funds 8.549,054 494,012 {496,608) 6,?91 8,552,749 At l April 2022 Gains and At 31 March losses 2023 Income Expenditui'e General funds 8,291,597 477,392 {519,605) 299,670 8,549,054 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unresiricted Total FuJbd5 Funds 2024 Investmethts Current assets Creditors less tlian l year Net assets 8,292,076 355,583 (94.910) 8,55? 749 8,292,076 355,583 {94,910) 8,552,749 Unresti'icted Total Funds Funds 2023 Investments Ciirrent assets Creditois le55 than l year Net assets 8,285,785 8 985.785 366,24? 366.242 {102,973) {102,973) 8.549,054 8,549,054 18. RELATED PARTIES During the year the charity Tcceived a donation of £37,600 from a ii"Iisiee of the cllarity.. on which gift aid of £9,400 was Glaimed. 17-