REGISTERED COMPANY NUMBER: 01422133 (England and Wales) REGISTERED CHARITY NUMBER: 277951
ANLEYDALE LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
ANLEYDALE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
ANLEYDALE LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022
TRUSTEES J Hirschler J Perelman R Hirschler COMPANY SECRETARY C R Hirschler REGISTERED OFFICE First Floor 94 Stamford Hill London N16 6XS PRINCIPAL ADDRESS 56 Leabourne Road London N16 6TA REGISTERED COMPANY 01422133 (England and Wales) NUMBER REGISTERED CHARITY 277951 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS Barclays 1 Churchill Place London E14 5HP
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ANLEYDALE LIMITED (REGISTERED NUMBER: 01422133)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 2019).
Reference and administrative information
Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objects
The objects of the charity are the advancement of religion in accordance with Orthodox Jewish Faith, the relief of poverty and such other purposes as are recognised by English Law as charitable. The charity is grantmaking.
The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities, and setting the grant making policy for the year.
Review of activities and achievements
The trustee is satisfied with the results of the year. Income substantially increased in relation to the previous period, this was largely due to a significant increase in donations received from it's subsidiary; grant increased commensurate with the increase in income.There was a deficit for the year.
FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £188,618 ( 2021 - £194,181).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as limited company and is governed by its Memorandum and Articles of Association dated 27 May 1979.
Organisational structure
The power to appoint new trustees is vested in the continuing board. New trustees are appointed based on personal competence, specialist skills and experience They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity and its working. They are also encouraged to read the Charity Commission's various publications on trustees.
Risk review
The trustee has confirmed that there are no major risks to which the charity is exposed.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 26 October 2022 and signed on its behalf by:
J Hirschler - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANLEYDALE LIMITED
Independent examiner's report to the trustees of Anleydale Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 accounts 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 accounts to be reached.
E Meyer FCA BSc Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
26 October 2022
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ANLEYDALE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022
| 2022 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 25,002 Investment income 3 12,392 Total 37,394 EXPENDITURE ON Raising funds 4 1,206 Charitable activities Charitable activites 41,751 Total 42,957 NET INCOME/(EXPENDITURE) (5,563) RECONCILIATION OF FUNDS Total funds brought forward 194,181 TOTAL FUNDS CARRIED FORWARD 188,618 |
2021 Total funds £ 3,600 13,163 16,763 1,456 21,657 23,113 (6,350) 200,531 194,181 |
|---|---|
The notes form part of these financial statements
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ANLEYDALE LIMITED (REGISTERED NUMBER: 01422133)
BALANCE SHEET 31 MARCH 2022
| Notes FIXED ASSETS Investments Investments 9 Investment property 10 CURRENT ASSETS Debtors 11 Cash at bank CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 14 Unrestricted funds: General fund Revaluation Reserve TOTAL FUNDS |
2022 Total funds £ 2 110,468 110,470 55,411 26,108 81,519 (3,371) 78,148 188,618 188,618 108,618 80,000 188,618 188,618 |
2021 Total funds £ 2 110,468 110,470 52,773 34,129 86,902 (3,191) 83,711 194,181 194,181 114,181 80,000 194,181 194,181 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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ANLEYDALE LIMITED (REGISTERED NUMBER: 01422133)
BALANCE SHEET - continued 31 MARCH 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2022 and were signed on its behalf by:
J Hirschler - Trustee
The notes form part of these financial statements
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ANLEYDALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Preparation of consolidated financial statements
The financial statements contain information about Anleydale Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.
The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore, the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.
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ANLEYDALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
3. INVESTMENT INCOME
| 2022 Unrestricted funds £ Rents received 9,750 Deposit account interest 3 Loan interest received 2,639 12,392 4. RAISING FUNDS Investment management costs 2022 Unrestricted funds £ Insurance 1,026 Property repairs 180 1,206 5. GRANTS PAYABLE 2022 £ Charitable activites 40,000 The total grants paid to institutions during the year was as follows: 2022 £ Relief of poverty 40,000 Medical - 40,000 Vaad Harabonim 30,000 Kehilas Rachmastrivke Bnei Brak 10,000 40,000 |
2021 Total funds £ 10,640 10 2,513 |
|
|---|---|---|
| 13,163 | ||
| 2021 Total funds £ 1,026 430 1,456 2021 £ 20,250 |
||
| 2021 £ 20,000 250 |
||
| 20,250 | ||
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ANLEYDALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
6. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Charitable activites | 185 | 1,566 | 1,751 |
| Support costs, included in the above, are as follows: | |||
| 2022 | 2021 | ||
| Charitable | Total | ||
| activites | activities | ||
| £ | £ | ||
| Bank charges | 185 | 116 | |
| Independent examiner's fee | 510 | - | |
| Independent examiner's other fees | 510 | - | |
| General expenses | 546 | 451 | |
| Accountancy fees | - | 840 | |
| 1,751 | 1,407 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
8. AVERAGE NUMBER OF STAFF
The average number of staff in the year was Nil (2021 -Nil)
9. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertakings | |
| £ | |
| MARKET VALUE | |
| At 1 April 2021 and 31 March 2022 | 2 |
| NET BOOK VALUE | |
| At 31 March 2022 | 2 |
| At 31 March 2021 | 2 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
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ANLEYDALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. FIXED ASSET INVESTMENTS - continued
Kinstene Co Ltd
Registered office: First Floor,94 Stamford Hill London N16 6XS Nature of business: Property Investment
| % Class of share: holding Ordinary 100 Aggregate capital and reserves Profit for the year 10. INVESTMENT PROPERTY FAIR VALUE At 1 April 2021 and 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts owed by group undertakings 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 13) Other creditors Accruals and deferred income 13. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Trustee's Loan Account |
31.3.22 £ 460,298 3,234 2022 £ 55,411 2022 £ 126 2,225 1,020 3,371 2022 £ 126 |
31.3.21 £ 460,298 9,219 £ 110,468 110,468 110,468 2021 £ 52,773 2021 £ 126 2,225 840 3,191 2021 £ 126 |
|---|---|---|
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ANLEYDALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
14. MOVEMENT IN FUNDS
| Unrestricted funds General fund Revaluation Reserve TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Revaluation Reserve TOTAL FUNDS |
At 1.4.21 £ 114,181 80,000 194,181 194,181 Incoming resources £ 37,394 37,394 At 1.4.20 £ 120,531 80,000 200,531 200,531 |
Net movement At in funds 31.3.22 £ £ (5,563) 108,618 - 80,000 (5,563) 188,618 (5,563) 188,618 Resources Movement expended in funds £ £ (42,957) (5,563) (42,957) (5,563) Net movement At in funds 31.3.21 £ £ (6,350) 114,181 - 80,000 (6,350) 194,181 (6,350) 194,181 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,763 | (23,113) | (6,350) |
| TOTAL FUNDS | 16,763 | (23,113) | (6,350) |
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ANLEYDALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
15. RELATED PARTY DISCLOSURES
The charity received loan interest from its subsidiary in the sum of £2,639 (2021 - £2,513). The amount due from the subsidiary at the balance sheet date was £55,411 (2021: £52,773).
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