Trenhill Limited
Report and Financial Statements
For The Year Ended
31 March 2023
Company Number 01268815 Charity Number 272180
Trenhill Limited
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 and 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 to 8 |
| Accountants Report | 9 |
Trenhill Limited
Trustees and Directors Mr. Alex Adel Mr Sydney Samuel Sinitsky Mr. Joseph Feld
Secretary: ..
The Company is a Charitable Organisation, governed by Memorandum and Articles, and was registered as Charity on 14th July 1976.
Registered office
16 Craven Walk Stamford Hill London N16 6BT
Administration Address and Registered office
Mr. Alex Adel 16 Craven Walk Stamford Hill London N16 6BT Company Number: 01268815 Date of Incorporation 14 July 1976 Charity Number: 272180
Page 1
Trenhill Limited
Report of the Trustees
The Trustees present their annual report with accounts of the Charity for the Year Ended 31 March 2023.
Status and Administration
The Charity is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles of Association.
Charitable Objects
The Objects of the Charity are to provide facilities of advancement of the Orthodox Jewish Religion.
The Charitable Company has continued to provide these services during the period.
Directors and Trustees
The Trustees in office throughout the period were Mr. Alex Adel Mr Sydney Samuel Sinitsky Mr. Joseph Feld
Reserves Policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to finance the Charity, and to make Grants as appropriate.
Page 2
Trenhill Limited
Report of the Trustees
(Continued)
Responsibilities of the Trustees
Charity Law and Company Law requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charitable company as at the Balance Sheet Date,and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
a. Select suitable accounting policies and the apply them consistently.
b. Make judgements and estimates that are reasonable and prudent.
c. Follow applicable accounting standards and the Charities SORP 2015, disclosing and explaining any departures in the financial statements.
d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them as Trustees to ensure that the financial statements comply with the Charity Law and the Companies Act 2006.
The Trustees are also responsible for safeguarding the charity's assets, and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Board Of Trustees
Members of The Board of Trustees, who are Directors for the purpose of Company Law and Trustees for the purpose of Charity Law, are set out on Page 1.
Political and Charitable Donations
During the period, the Charity made Grants and Donations of £0 ( 2022 £0)
The Euro
The impact of the Euro has been considered generally by the company. Although the impact of the changeover to the Euro is not currently anticipated to be significant, this issue is being closely monitored.
The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by The Trustees of Trenhill Limited and signed on behalf of them all.
on 25 December 2023,
Mr. Alex Adel Trustee
Page 3
Trenhill Limited
Statement Of Financial Activities
For The Year Ended 31 March 2023
| Notes INCOMING RESOURCES Activities to further the Charity's Objects Total of Fees and Grants Received 2 Donations Total Incoming Resources RESOURCES EXPENDED Costs of Generating Funds Fund Raising Costs Net Incoming Resources Available For Charitable Application Charitable Expenditure Analysis of Total Resources Expended 3 Governance Costs 3 Total Resources Expended Total Charitable Expenditure Total Resources Expended 3 Net Movement In Funds Transfer To /(From) Reserves Total Funds at Total Funds at 11 Carried Forward Brought Forward |
Unrestricted Restricted Funds Funds £ £ 122,393 0 122,393 0 0 122,393 0 0 0 122,393 0 95,476 0 16,389 0 111,865 0 111,865 0 111,865 0 10,528 0 0 1,406,423 0 £ 1,416,951 £ 0 |
£ | 2023 2022 Total Total Funds Funds £ £ 122,393 178,316 122,393 178,316 0 0 122,393 178,316 0 0 122,393 178,316 95,476 0 16,389 66,248 111,865 66,248 111,865 66,248 111,865 66,248 10,528 112,068 0 470,260 1,406,423 824,095 1,416,951 £ 1,406,423 |
|---|---|---|---|
Page 4
Trenhill Limited
Balance Sheet at 31 March 2023
| Notes Fixed Assets Tangible Assets 6 Current Assets Debtors 7 Cash at Bank and in Hand :Amounts falling due within one year 8 Net Current Assets /(Liabilities) Total Assets Less Current Liabilities Creditors : Amounts falling due after more than one year 9 Net Assets / (Liabilities) 10 Unrestricted Funds 11 Revaluation Reserve 10 Total Funds 11 Creditors |
£ | 2023 £ 1,594,674 115,912 26,462 142,374 (12,530) 129,844 1,724,518 (307,567) 1,416,951 £ 946,691 470,260 1,416,951 £ |
2022 £ 1,594,674 115,912 12,606 128,518 (836) 127,682 1,722,356 |
2022 £ 1,594,674 115,912 12,606 128,518 (836) 127,682 1,722,356 |
|---|---|---|---|---|
| (315,933) | ||||
| 1,406,423 | ||||
| £ | 936,163 470,260 1,406,423 |
936,163 470,260 |
These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Small Entities.
For the financial year ended 31 March 2023 the company was entitled to an exemption from under Section 477 Companies Act 2006, and no notice has been deposited under Section 476. The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 which otherwise comply with the requirements of the Companies Act 2006, so far as applicable to the company.
Approved by the Trustees on 25 December 2023, and signed on behalf of them all.
Mr. Alex Adel Trustee
The notes on pages 6 and 7 form part of these accounts.
Page 5
Trenhill Limited
Notes To The Accounts - 31 March 2023
1) Principal Accounting Policies
Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102.
Cash Flow
The accounts do not include a cash flow statement because the charitable company as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations received for the general and main purposes of the Charity are included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
The irrecoverable element of VAT is included with the item of expense to which it relates.
| 31 March 2023 | 31 March 2023 | 31 March 2022 | 31 March 2022 | ||
|---|---|---|---|---|---|
| **2) ** | Incoming Resources | ||||
| £ | £ | ||||
| Donations and Grants | 122,393 | 178,316 | |||
| Total of Fees and Grants Received | £ | 122,393 | £ | 178,316 |
Page 6
| Trenhill | Limited | |||||
|---|---|---|---|---|---|---|
| Notes To The Accounts - | 31 March 2023 |
|||||
| **3) ** | Analysis of Total Resources Expended | 31 March 2023 | 31 March 2022 | |||
| Cost of Activities In Furtherance | £ | £ | ||||
| of the | Charity's Objects | |||||
| Purchases | 44,955 | 0 | ||||
| Light and Heat | 10,000 | 0 | ||||
| Repairs | 36,993 | 0 | ||||
| Water | 3,528 | 0 | ||||
| Total | Cost of Furthering Objects | 95,476 | 0 | |||
| Governance Costs | ||||||
| Bank | and Interest Charges | 16,374 | 11,083 | |||
| Legal | Fees | 15 | 55,165 | |||
| Total | Governance Costs | 16,389 | 66,248 | |||
| Total | Resources Expended | 111,865 | 66,248 | |||
| Cost of Generating Funds | ||||||
| Functions | 0 | 0 | ||||
| Total For The Charity | £ | 111,865 | £ | 66,248 | ||
| 4) | Taxation | |||||
| The Charitable Company is exempt from taxation | on its charitable activities. | |||||
| 5) | The average number of Employees during the year, on a full time equivalent | |||||
| basis was | 2023 | 2022 | ||||
| 0 | 0 |
Page 7
Trenhill Limited Notes To The Accounts - 31 March 2023 2023
| **6) ** | Tangible Fixed Assets | Tangible Fixed Assets | and | Leasehold | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciating Assets | Equipment | Properties | Alarm | ||||||||
| £ | £ | £ | £ | ||||||||
| Cost or valuation | |||||||||||
| At | 31 March 2022 | 0 | 1,594,674 | 1,594,674 | 0 | ||||||
| Additions | 0 | 0 | 0 | 0 | |||||||
| Disposals | 0 | 0 | |||||||||
| At | 31 March 2023 | 0 | 1,594,674 | 1,594,674 | 0 | ||||||
| Depreciation | |||||||||||
| At | 31 March 2022 | 0 | 0 | 0 | 0 | ||||||
| Charge for the year | 0 | 0 | 0 | 0 | |||||||
| At | 31 March 2023 | 0 | 0 | 0 | |||||||
| Net book values | |||||||||||
| 31 March 2023 | £ | 0 | £1,594,674 | £1,594,674 | £ | 0 | |||||
| 31 March 2022 | £ | 0 | £1,594,674 | £1,594,674 | £ | 0 | |||||
| **7) ** | Debtors | 2023 | 2022 | ||||||||
| Other Debtors | £ 115,912 | £ | 115,912 | ||||||||
| **8) ** | Creditors: | ||||||||||
| Amounts falling due | within one year | 2023 | 2022 | ||||||||
| £ | £ | ||||||||||
| Community Loans | 12,530 | 836 | |||||||||
| Debt due within one year | 12,530 | 836 | |||||||||
| £ 12,530 | £ 836 | ||||||||||
| **9) ** | Creditors: | ||||||||||
| Amounts falling due | after | more than | one year | ||||||||
| 2023 | 2022 | ||||||||||
| £ | £ | ||||||||||
| Bank Loans and Overdrafts | 307,567 | 315,933 | |||||||||
| Debt due after more than one year | £ 307,567 | £ | 315,933 | ||||||||
| The Bank Loan is secured. | |||||||||||
| **10) ** | Net Assets of The Charity's Funds | ||||||||||
| Net Current | |||||||||||
| Fixed | Assets | Long Term | |||||||||
| Assets | /(Liabilities) | Liabilities | Fund Balances | ||||||||
| £ | £ | ||||||||||
| Unrestricted Funds | 1,594,674 | 129,844 | (307,567) | 1,416,951 | |||||||
| Total Funds | £ 1,594,674 | £ 129,844 | £(307,567) | £ | 1,416,951 | ||||||
| In the light of an independent survey report | in May 2009, | the property has appreciated | |||||||||
| **11) ** | **Unrestricted Funds ** | :Movements In The Year | |||||||||
| Balance at | Transfer To Balance at | ||||||||||
| 31 March 2022 | /(From) | 31 March 2023 | |||||||||
| Total | **Income ** | Expended | Reserves | ||||||||
| £ | £ | £ | £ | ||||||||
| General Reserve | 1,406,423 | 122,393 | 111,865 | 0 | 1,416,951 | ||||||
| Total Funds | £ 1,406,423 | £ 122,393 | £ 111,865 | £ | 0 | £ | 1,416,951 |
12) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 8
Independent Examiner's Report to the Trustees on the Unaudited Accounts of the Charitable Company Trenhill Limited
We report on the accounts for the year ended 31 March 2023 set out on pages 4 to 8.
These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
Respective Responsibilities Of Trustees and Independent Exmainer
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 144 of the Act, whether particular matters have come to our attention.
Basis of Opinion
Our work was conducted in accordance with the Statement of Standards for Reporting Accounts and so our procedures consisted of comparing the accounts with the accounting records kept by the company, and making such limited enquiries of the officers of the company as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.
Basis of the Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention,
-
1) which gives us reasonable cause to believe that, in any material respect, the requirements
-
a) to keep accounting records in accordance with section 130 of the Act; and
-
b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
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2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 25 December 2023
- C. Rosen & Co
Independent Exmainer
Page 9