COMPANY REGISTRATION NUMBER: 1604037 CHARJTY REGISTRATION NUMBER.. 285420 BRUSHMILL LIMITED Company Limitsd by Guairantee UPIAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 COHEN ARNOLD Chartered aecounlants New Burlington House 1075 Finchley Road LONDON NWII OPU
BRUSHMILL LIMTfED COMPANY LIMrrED BY GUARANfEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PAGES Tstee5, annual pOrt (incorporating the d]rt01S report) tndependent examinevs report to the knistees Ststement of fllwicial activilies (including income and expenditure account) Statement of fmancial position Notes to the financial statements Ito3 7toll
BRUSIIMILL LIMITED COMPANY LIMITED BY GUAIL4NfEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DJRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 The trustee5, who ar¢ also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 Match 2024. REFERENCE AND ADI1N[sTIllTlVE DETAILS Registered charlty name Chgrity reglstratlon number 285420 Company registratiOD number 1604037 Prlneip&l office 76 Fairholt Road London N165HN Brushmill Lilled Reglstered offlee New Burlington House 1075 Fin¢hl¢y Road London NWII OPU The Tte¢S Mr C Getter Mr5 E W¢inberger Mr J Weinb¢rger Mrs M Getter Company secretary Independent examlner A5heT Stern]icht FCA CoheTh Arnold New Burlington House 1075 Finchley Road LONDON NWII OPU srRucfuRE, GOVERNANCE AND MANAGEMENT The Charity is constituted a Company Limited by Gll8tee. and is therefore govern by its Memorandum Arti¢l¢s of Association. The Trustees administer the day-I0-day affairs of the Charity. Ail Trustees give their tim¢ voluntarily and no benefit or exExnse was p&id to them in the year. It is not currently the intention of the Trnstees of the ChArity to aptM)int new Trustees. Should lh¢ situation change in the futur4 the Trustees will provide suitable recruitment training and induction procedures. RtSK MANAGEMENT The TDJStees have identified and reviewed the major risks to which the Charity is expK>sed, in particular those relating to the operations and finances of the Charity. and are satisfied that the systems are in place to manage those risks.
BRUSHMILL LIMITED COMPANY LJMrrED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORA TING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 OBJECTIVES AND AcfiviTIES The Charity's objectives, as defined in its governing documenL are the advan¢ement of religion in accordance with the orthodox Jewtsh faith. the relief of povety and su¢h other purposes as ar¢ recognised by English Law as charitable. To achieve these objects. the Charity utilise5 Its incorne to mak¢ grdnts and donations. The Trustees ¢onfirn) their compliance with the dity to have due regard to the public benefit guidance published by the Charity Comlnission when reviewing the Charity's aims and objectives and in planning firture activities. ACHIEVElklENTS AND PERFORMANCE The Charity made grants totalling £260,733 (2023: £224.451) to other Charities. The benefits that these Charities provide include: Financial support to the poor, Relief of sickne55 and disabilities. Jewish education and plac¢s of worship for the Jewish community. FINANCIAL REVIEW The financial position of the Charity is satisfactory. The Charity's Financial Stalements show a net deficit of £9,221 (2023.. surplus of £7,686) for the year and total deficil of £20,346 (2023.. £11,125). Volillltary inco]ne during 1he yw amounted to £257.260. Total resources expended were £266.481. The fanCIal results of the Charity's activities for th¢ year to 31 M3Jch 2024 are fijlly flected in the attached Financial Statements together with lh¢ Notes ihereo Grant making poliey The Trustees are approa¢hed for donations by a wide variety of charitable institutions operating in the United Kingdom and abroad. The Trustees consider all requests which they receive and rnake donaiions based on the level of fund5 available. Investment Policy and Objectives Under the MeTnordndum and Articles of Association, Ihe Charity ha5 ihe power to make any investments which the Trustees see fil provided any monies are not immediately required for use in ¢(eCtion with any of its objects. The Charity's investment policy is to maximise its income and gains so that its chhritable objective be maintained and expanded. However. h&ving regard to liquidity requirements. the Trustees have also opernted a policy of keeping available funds in interest bearing deposit account. SMALL COMPANY PROVISIONS This report has been prepared in accordaftce with the PTovisions applicable to comp2nies entitled to the small companies exemptio
BRUSHMILL LIMrrED COMPANY LIIKrrED BY GUARANTEE TRUSTEES, AMYUAL REPORT ONCORPORATING THE DIREcfoR'S REPORT) YEAR ENDED 31 MARCH 2024 Qg. and signed on E¢half of the board of The Istee8, annual rel was approved on a)..th.p. ... . trustees by: Mrs M Getter Charity Secretary
BRUSHMILL LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EK4MtNER'S REPORT TO THE TRUSTEES OF BRUSHMILL LIMITED YEAR ENDED 31 MARCH 2024 I report to the truslee5 on my examination of the financiai slal¢m¢nls of Brushmill Limited ('the charity,) for the year ended 31 March 2024. RESPONSIBILITIES AND BASIS OF REPORT As Ihe tntte$ of the company (and also ils directors for the Purposes of company law) you are responsible for the prepardtion of the financial stateTtJents in accordance with the requirements of the Companies A¢t 2006 ('the 2006 Act.). Having satisfied myself that th¢ accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligibl¢ for independent examination, I report in respect of my examination of the charity's accounts as carried oul under section 145 of th¢ Charitie5 Act 2051 ('th¢ 2011 Act'}. In carrying out my examination I have followed the Dityctions given by the Charity Commission under section 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Since the charity's gross income exceeded £250.000 your examiner must be a memEer of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination be¢&use I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed b)dies. I have completed tny examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe- accounting record5 wcre not kept in respect of the charity as required by section 386 of the 21K>6 ACL or the financial st&iements do not accord with ihose records. or the financial statements 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 ctsnsider¢d as part of an independent examination. or Ihe financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Pmli¢e for accounting and reporting by charitics applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK aT]d 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 ¢nable a proper undetstanding of the accounts to be rcached. Asher Sternlicht FCA Cohen Arnold Independent Examiner New Burlington House 1075 Finchley Road LONDON NWI I OPU
BRUSHMILL LIMITED COMPANY LIMITED BY GUAIL4NfEE STATEMENT OF FINANCIAL ACTIVITIES NCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR EIYDED 31 MARCH 2024 2024 Unrestricted funds Total fuDds Total fut)ds 2023 Nott In¢ome and endojvments Donations and lega¢ies Total income 257,260 257.260 257260 257260 236.867 236.867 Expenditure Expenditwe on charitable aclivitie5 Total expendlture (266,481) {266,481) (229.181) (266.481) (266,481) (229.181) Net (expendtthre)Ilncome $nd net movement in flld$ (9.221) (9221) 7,686 Reconeiliation of funds Toial funds brought foTw8rd Total funds carried fonvard (11.125) (20,346) {11,125) (20J46) (18.811) (11.125) The statement of financial activities includes all gains and losses recognised in the yeaT. All income and expenditure derive from continuing activities. The notes pAie$ 7 to 11 forrn part of these stAtemeDts.
BRUSHMILL LIMITED COMPANY LIMITED BY GUARA]¥TEE STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 Note Current Sets Cash at bank and in hand 3.787 Creditors: amounts falling due withln one yeor Net current liabilities 12 (20,346) (14,912) (20,346) (20,346) (11,125) (11.125) Total assets le&$ current liAbi1Sties Funds of the charity Unre5tricled funds (20,346) (20,346) (11,125) (11,125) TotAI charity funds 13 For the year ending 31 March 2024 the charity was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Direclors, responsibilities". The memiErs have not required the company to obtain an audil of its financial statements for the year in question in accordance with section 476- The directors acknowledge their responsibilities for cornptying with the WUiTements of the Act with respect to accounting rerdS and the preparation of financial statements. These financial statements have been prepared in 8rwrdae with the provisions appli¢able to companies subject to the small companies, regime. These finan¢ial statements were approved by the board of trustees and authorised ftjr issue on , and are signed on behalf of the board by: Mr C Getter Trustee Mr J Weinberger Trustee The on pages 7 to 11 form part of these finntiil $ttemenf$.
BRUSHMILL LIMITED COMPANY LIMITED BY GUARANfEE NOTES TO THE FINANCIAL STATE11Ts YEAR ENDED 31 MARCH 2024 GENERAL INFORLVIATION The charity is a public benefit entity and a privale company limited by guarantee, registered in England and Wales and a registered cELarity itl England and Wales. The address of the registered oifice is New BuTlington House. 1075 Firhchley Road, London. NWI I OPU. STATEMENT OF COMPLIANCE These financial statements have been pr¢pated in compliance with FRS 102. The Financial Rep)rting Slandard applicable in the UK and the Republic of treland,. the Slalement of Recommended Prnctice appli¢&ble to charities preparing their accounts in &ccordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared on the historical ¢ost b&sis, as modified by the Tevaluation of certain financial assets and liabilities and investment properties m¢a5ured at fair value through income or expenditure. The fanCIal statements are prepared in 5terling> which is the functional currency of the entity. Going concern There are JN) material un¢ertainti¢s alh)ut the charity's ability to continue. Any deficiency in funding will be met by the Trustees personally. Judgements and kry sources of estimatlon uncertainty The preparation of the financial statements requires management to make judgements. estimates and assumptions thai affect the atnounts reported. These estimates and judgemenls are continually reviewed aTKI are based on experience and other fa¢torA including expectations of future eYeThts that are believed to be reasonable under the circu]nstances. Fund accounting Unr¢stri¢t¢d funds are available for use at the discretion of the trustees to further any of the charity's purposes. Incoming resourc All incotne is included in the statement of financial activities when entitlement has passed to the harity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measureit In¢ome from donations or grants is recognised when ihere is evidence of entitlement to the gill receipt is probable and its amount can be measured reliably.
BRUSlItvitLL LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNfiNG POLICIES Resources expended Expenditure is recognised as soon as there is a present oblig&lion committing the Charity to pay out resources, it is probable thai a transfer of economic benefits will i required in settlement and the amount can be easured or estimated reliably. Support costs Support costs are those costs which are common to all areas of the organisation. These are allocated across all areas of activity on the b2sis of the number of service users for each activity. Governance ¢osts Governance costs are a$$]81ed with the governance arrangements of the charity and relate to the general running of the charity- These costs include audit, lega] advice for Trustees and ctssts associated with meeting CortIlutIonal and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts. Finanei*l instruments A financial asset or a financia] liability is recO]sed only when the entity becomes a paty to the contractual provisions of the inslrumenL Basic financial instrtllnents are initially recognised at the amount receivable or piyable including any related trnnsaction cost4 unless the aangement conslitutes a financing transaction. where it is Tecognised at ihe present value of the future pa)Tnents discounted at a market rate of interest for a similaT debt instrument. Cuent assets and curtenl liabilities are subsequently measured at the ¢ash or other consideratio expeued to paid or e1Ved and not discounted. Debt instrutnents are 5ubsequ¢ntly Mured at amortised cosl. LIMITED BY GUARANTEE The company is limited by guaranlee. DONATIONS AND LEGACIES Unrestricted Total Funds Unrestricted Total Fund5 Funds 2024 Funds 2023 Donations Voluntary donalions receIvj 257.260 257,260 236,867 236,867 No conditions were attached to any donations.
BRUSHMILL LIMITED COMPANY LIMITED BY GUARANfEE NOTES TO THE FINANCIAL STATEMENfs ((x*Jxtirtue YEAR ENDED 31 MARCH 2024 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Urwestricted Total Fullds Unrestricled Total Funds Funds 2024 Funds 2023 Education, Furtherance of Jewish Religion and Alleviation of Poverty Support ¢osts 260,733 5,748 266.481 260,733 5,748 266,481 224,451 4,730 224.451 4,730 229,181 229,181 EXPENDITURE ON CHARrrABLE ACTIVITIES BY ACTRVRTY TYPE Grant fimding of activities Support costs Total funds 2024 Total fuj 2023 Educatioo Furtherance of Jewish Religion and Allevlation of Poverty Governance costs 260.733 260,733 S,748 206,481 224,451 4,730 5,748 260,733 5.748 229,181 & ANALYSIS OF G114NTS 2024 Grants to instltudons Friends of Boyan Trust Chevras Mo'oz Ladol Zoreya Tzedokos Yad Shlomo Thisl Chasdei Aharon Limited Chesed Shel Emes Limited Sharei Chesed (London) Rhytkni Beat and Drama Jewish Teachers, Training College Kollel Tiferes Shulem Mercaz Torah Vechesed Limited Other donations less than £6,000 67,270 38,500 35,329 17,718 11,410 10.550 IOJ50 10,000 800 8JiO 6,1)00 36,606 Total grants 260,733 INDEPENDENT EXAMll¥ATION FEES 2024 2023 Fees payable lo the independent examiner for.. Independent exatnination of the financial Statements 2,280 2.190
BRUSHMILL LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENfs (o>ntltt*erf) YEAR ENDED 31 MARCH 2024 10. STAFF COSTS There were no employe¢s during the year. 11. TRUSTEE REMUNERATION AND EXPENSES No Trust¢es have been paid any remuneration or received any other benefits from the charity. 12. CREDITORS: Amounts falling due withiD one year 2024 2023 Bank loan5 and overdrnfts Other creditors 15,677 4,669 20.346 12.614 2,298 14.912 13. ANALYSIS OF CHARITABLE FUNDS Unrestrieted funds At l April 2023 At31 Income Expenditure March 2024 Generdl funds (11.125) 257,260 (266.481) (20J46) At l April 2022 At31 Incorne EXpendire March 2023 General funds (18,811) 236,867 (229.181) (11,125) 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrieted TotAI Funds Funds 2024 Current assets Creditors less than l year Net liabilities (20.346) (20.346) (20,346) (20,346) Unrestricted Total Funds Funds 2023 Current assets credito less than l year Net liabilities 3,787 (14.912) (11,125) 3,787 (14,912) (11,125) io
BRUSHMILL LIMTTED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 15. RELATED PARTIES i) Donati0Th8 received includes amouDts aggregatiDg £212.085 of donations from companxes connected to the Trusfres. No conditions were attached to any of the donations. ii) Donations received includes amounts aggregating £30.000 of donations from the Trustee& No condilions were attac11 to any of the donalions. li