REGISTERED COMPANY NUMBER: 01472203 (England and Wales) REGISTERED CHARITY NUMBER: 281620
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
ANTRYVALE LTD
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
ANTRYVALE LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Trustees' Responsibilities | 3 | ||
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 12 |
ANTRYVALE LTD
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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objective of the charity is the advancement of religion and relief of the needy person, such as Talmudical Scholars, widows and their families.
To achieve these objective, the charity distributes funds in its disposal to eligible individual and/or charities. During the year, the charity received donation of £34,800 (2021- £37,000) and made donation of £15,750 (2021 - £58,850) to various charitable entities to achieve those objectives.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity's Commission's general guidance on public benefit when reviewing the charity's aims and objectives and planning future activities and setting the grant making policy for the year.
FINANCIAL REVIEW
Principal funding sources
The main source of funding for the charity is donation from entities related to the trustees.
Reserves policy
The reserves policy is to ensure that there is sufficient stream of income to meet the ongoing calls made on the charity.
Going concern
The trustees are confident that the charity has adequate resources and operational plan to continue into the foreseeable future. Thus, the trustees consider the use of going concern basis to be appropriate.
FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by it's governing document, it's memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act, 2006.
Related parties
Details of related party transaction and balances are provided in the notes to the financial statement where necessary.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01472203 (England and Wales)
Registered Charity number
281620
Page 1
ANTRYVALE LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
Registered office
32 Paget Road London N16 5NQ
Trustees
Mrs B Stroh B D Stroh
Independent Examiner
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 30 November 2022 and signed on its behalf by:
Mrs B Stroh - Trustee
Page 2
ANTRYVALE LTD
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022
The trustees (who are also the directors of ANTRYVALE LTD for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANTRYVALE LTD
Independent examiner's report to the trustees of ANTRYVALE LTD ('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 2. 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.
M. A. VENITT ACA Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
30 November 2022
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ANTRYVALE LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 31.3.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 34,800 EXPENDITURE ON Charitable activities Charitable Activities 15,750 Other 999 Total 16,749 NET INCOME/(EXPENDITURE) 18,051 RECONCILIATION OF FUNDS Total funds brought forward 430,908 TOTAL FUNDS CARRIED FORWARD 448,959 |
31.3.21 Total funds £ 37,000 58,850 930 59,780 (22,780) 453,688 430,908 |
|---|---|
The notes form part of these financial statements
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ANTRYVALE LTD
STATEMENT OF FINANCIAL POSITION 31 MARCH 2022
| 31.3.22 Unrestricted fund Notes £ FIXED ASSETS Investments 4 47,641 CURRENT ASSETS Debtors 5 412,737 Cash at bank 878 413,615 CREDITORS Amounts falling due within one year 6 (12,297) NET CURRENT ASSETS 401,318 TOTAL ASSETS LESS CURRENT LIABILITIES 448,959 NET ASSETS 448,959 FUNDS 7 Unrestricted funds 448,959 TOTAL FUNDS 448,959 |
31.3.21 Total funds £ 47,641 412,737 647 413,384 (30,117) 383,267 430,908 430,908 430,908 430,908 |
|---|---|
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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continued...
ANTRYVALE LTD
STATEMENT OF FINANCIAL POSITION - 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 and authorised for issue by the Board of Trustees and authorised for issue on 30 November 2022 and were signed on its behalf by:
B Stroh - Trustee
The notes form part of these financial statements
Page 7
ANTRYVALE LTD
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.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include independent examination, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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ANTRYVALE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
2. 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.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 37,000 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable Activities | 58,850 |
| Other | 930 |
| Total | 59,780 |
| NET INCOME/(EXPENDITURE) | (22,780) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 453,688 |
| TOTAL FUNDS CARRIED FORWARD | 430,908 |
4. FIXED ASSET INVESTMENTS
| Shares in group Unlisted undertakings investments £ £ MARKET VALUE At 1 April 2021 and 31 March 2022 6,600 41,041 NET BOOK VALUE At 31 March 2022 6,600 41,041 At 31 March 2021 6,600 41,041 |
Totals £ 47,641 |
|---|---|
| 47,641 | |
| 47,641 |
There were no investment assets outside the UK.
continued...
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ANTRYVALE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accrued expenses 7. MOVEMENT IN FUNDS Unrestricted funds General fund 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 TOTAL FUNDS |
At 1.4.21 £ 430,908 430,908 Incoming resources £ 34,800 34,800 At 1.4.20 £ 453,688 453,688 |
31.3.22 31.3.21 £ £ 412,737 412,737 31.3.22 31.3.21 £ £ 3,609 3,609 7,788 26,508 900 - 12,297 30,117 Net movement At in funds 31.3.22 £ £ 18,051 448,959 18,051 448,959 Resources Movement expended in funds £ £ (16,749) 18,051 (16,749) 18,051 Net movement At in funds 31.3.21 £ £ (22,780) 430,908 (22,780) 430,908 |
31.3.21 £ 412,737 |
|---|---|---|---|
| 31.3.21 £ 3,609 26,508 - 30,117 At 31.3.22 £ 448,959 |
|||
| 448,959 | |||
| 430,908 |
continued...
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ANTRYVALE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 37,000 TOTAL FUNDS 37,000 A current year 12 months and prior year 12 months combined position is as follows: At 1.4.20 £ Unrestricted funds General fund 453,688 TOTAL FUNDS 453,688 |
Resources Movement expended in funds £ £ (59,780) (22,780) (59,780) (22,780) Net movement At in funds 31.3.22 £ £ (4,729) 448,959 (4,729) 448,959 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 71,800 | (76,529) | (4,729) |
| TOTAL FUNDS | 71,800 | (76,529) | (4,729) |
continued...
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ANTRYVALE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
8. RELATED PARTY DISCLOSURES
During the year, the charity received donation totalling £20,000 from another charity which had common trustee.
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