REGISTERED COMPANY NUMBER: 01608600 (England and Wales) REGISTERED CHARITY NUMBER: 285245
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2024
for
ORTERSHAM LIMITED
Purcells, Accountax Limited 4 Quex Road London NW6 4PJ
ORTERSHAM LIMITED
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
ORTERSHAM LIMITED
for the Year Ended 31 March 2024
Report of the Trustees
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 2024. 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
The company was established as a charitable company limited by guarantee and a registered charity to further those purposes recognised as charitable in English law and it is governed by its Memorandum and Articles of Association. To achieve these objectives the company utilises its income to make grants and donations for charitable purposes.
ACHIEVEMENT AND PERFORMANCE
During the year the company continued its philanthropic activities and has maintained its support of educational, religious, social welfare and other charitable institutions in Great Britain. Direct charitable expenditure by way of donations paid during the year amounted to £123,090 (2023 - £41,992).
FINANCIAL REVIEW
The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements.
The statement of financial activities shows total incoming resources of £115,846 (2023 - £88,160) and total outgoing resources for the year of £124,303 (2023 - £43,205) and the balance sheet reserves show unrestricted funds of ), £27,541 (2023 - £35,998).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01608600 (England and Wales)
Registered Charity number
285245
Registered office
4 Quex Road NW6 4PJ
Trustees
C. Grosskopf Mrs M Grosskopf
Independent Examiner
A. Zaroovabeli A.C.A Purcells, Accountax Limited 4 Quex Road London NW6 4PJ
Page 1
ORTERSHAM LIMITED
for the Year Ended 31 March 2024
Report of the Trustees
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
NatWest Bank Plc 30 North Audley Street London W1A 4UG
DIRECTORS AND TRUSTEES
The directors of the company are also trustees of the charity and there are no other trustees. The directors and trustees at 31st March 2023 were as set out above. All of the trustees served throughout the year and up to the date of this report. The Board has the power to appoint additional trustees as and when it considers fit to do so.
The day-to-day affairs of the company are administered by its trustees, whose chairman is Mr. C. Grosskopf. The trustees meet regularly to review the policies and progress of the charity, to assess income and determine the allocation of grants.
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 24 December 2024 and signed on its behalf by:
C. Grosskopf - Trustee
Page 2
Independent Examiner's Report to the Trustees of ORTERSHAM LIMITED
Independent examiner's report to the trustees of ORTERSHAM LIMITED ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
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:
-
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
-
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
-
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.
A. Zaroovabeli A.C.A
Purcells, Accountax Limited 4 Quex Road London NW6 4PJ
24 December 2024
Page 3
ORTERSHAM LIMITED
Statement of Financial Activities for the Year Ended 31 March 2024
| 31.3.24 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 115,846 EXPENDITURE ON Charitable activities 3 Charitable donations paid 123,090 Support costs 1,213 Total 124,303 NET INCOME/(EXPENDITURE) (8,457) RECONCILIATION OF FUNDS Total funds brought forward 35,998 TOTAL FUNDS CARRIED FORWARD 27,541 |
31.3.23 Total funds £ 88,160 41,992 1,213 43,205 44,955 (8,957) 35,998 |
|---|---|
The notes form part of these financial statements
Page 4
ORTERSHAM LIMITED
Balance Sheet
31 March 2024
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 31,603 | 46,203 | |
| CREDITORS | |||
| Amounts falling due within one year | 5 | (4,062) | (10,205) |
| NET CURRENT ASSETS | 27,541 | 35,998 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 27,541 | 35,998 | |
| NET ASSETS | 27,541 | 35,998 | |
| FUNDS | 6 | ||
| Unrestricted funds: | |||
| General fund | 27,541 | 35,998 | |
| TOTAL FUNDS | 27,541 | 35,998 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(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
Page 5
continued...
ORTERSHAM LIMITED
Balance Sheet - continued
31 March 2024
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 24 December 2024 and were signed on its behalf by:
C. Grosskopf - Trustee
M Grosskopf - Trustee
The notes form part of these financial statements
Page 6
ORTERSHAM LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2024
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.
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.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Resources expended
Expenditure is accounted for on an accruals basis and irrecoverable VAT is included in the expenditure to which it relates.
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.
Grants payable
Grants payable, which represent donations to charitable causes in furtherance of the charity's objectives, are accounted for when they are paid, or when future grants have been committed in writing by the trustees.
2. DONATIONS AND LEGACIES
| £ | £ | |
|---|---|---|
| Charitable and Gift Aid donations receivable during the year | ||
| HMRC charities Gift Aid claim | 17,086 | - |
| Cobden Properties Ltd | 20,600 | 28,700 |
| Felston Properties Ltd | 34,360 | 49,220 |
| Monbream Ltd | - | 6,000 |
| Urbanheights | 10,000 | - |
| C & M Grosskopf | 33,300 | 4,240 |
| Total for the year | 115,846 | 68,160 |
continued...
Page 7
ORTERSHAM LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
3. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | ||||
|---|---|---|---|---|
| Charitable donations paid Support costs |
Grant funding of activities £ 123,090 - 123,090 |
Support costs £ - 1,213 1,213 |
Totals £ 123,090 1,213 124,303 |
|
| The total grants paid to institutions during the year was as follows: | ||||
| £ | £ | |||
| Grants and donations payable | ||||
| Amud Hatzdokoh Trust | 5,250 | |||
| Be'er Miriam Trust | 4,550 | |||
| Belz | 1,870 | |||
| C.M.L | 10,200 | |||
| Chesed Charity Trust | 20,000 | |||
| Higher Talmudical Education | 500 | |||
| KGCB Viznitz | 20,850 | |||
| MDA | 1,350 | |||
| Mifal Hashass | 10,000 | |||
| OHR EMES | 8,000 | |||
| Rockwood Foundation | 16,000 | |||
| Sanz Community | 4,000 | |||
| The Peach project | 15,000 | |||
| UOHC LTD | 4,500 | |||
| Other | 1,020 | |||
| Total for the year | 123,090 | 41,992 | ||
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
continued...
Page 8
ORTERSHAM LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued charges 6. 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 1.4.23 £ 35,998 35,998 Incoming resources £ 115,846 115,846 At 1.4.22 £ (8,957) (8,957) |
31.3.24 31.3.23 £ £ 4,062 10,205 Net movement At in funds 31.3.24 £ £ (8,457) 27,541 (8,457) 27,541 Resources Movement expended in funds £ £ (124,303) (8,457) (124,303) (8,457) Net movement At in funds 31.3.23 £ £ 44,955 35,998 44,955 35,998 |
|---|---|---|
continued...
Page 9
ORTERSHAM LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 88,160 |
(43,205) | 44,955 |
| TOTAL FUNDS 88,160 |
(43,205) | 44,955 |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| Net | ||
| movement | At | |
| At 1.4.22 | in funds | 31.3.24 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund (8,957) |
36,498 | 27,541 |
| TOTAL FUNDS (8,957) |
36,498 | 27,541 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 204,006 204,006 |
Resources Movement expended in funds £ £ (167,508) 36,498 (167,508) 36,498 |
Resources Movement expended in funds £ £ (167,508) 36,498 (167,508) 36,498 |
|---|---|---|---|
| 36,498 |
continued...
Page 10
ORTERSHAM LIMITED
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 11
| ORTERSHAM LIMITED | ||
|---|---|---|
| Detailed Statement of Financial Activities | ||
| for the Year Ended 31 March 2024 | ||
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Charitable and Gift Aid donations receivable | ||
| during the year | 115,846 | 88,160 |
| Total incoming resources | 115,846 | 88,160 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants to institutions | 123,090 | 41,992 |
| Support costs | ||
| Other | ||
| Accountancy | 1,200 | 1,200 |
| Statutory fees | 13 | 13 |
| 1,213 | 1,213 | |
| Total resources expended | 124,303 | 43,205 |
| Net (expenditure)/income | (8,457) | 44,955 |
This page does not form part of the statutory financial statements
Page 12