REGISTERED COMPANY NUMBER= 01777233 (Englxthd xnd Wxlesl REGISTERED CHARITI. NIIMBER.. 291296 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH ?024 FOR SEHELM LIMITED Schotields charILYL￿ Elccountanis Unit I, St Stephens Lourt 15-17 Si Sitphtns Road 4oum¢moudi Dorset BH2 6LA CLOSEHELM LIMITED CONTENTS OF THE FINANCIAL %TATEMENTS For The Ytar Ended 30 Nqarch 2024 Page Report of the Trusttt5 Independent Eian]iner'5 Report Ststement of Financi¥l Activitie5 Balance Sheet Notes to the Financial Statements 7 to 14 Detailed Statement of Finaneial Activities CLOSEHELM LIMITED REGISTERED NUMBER. 01777233 REPORT OF THE TRIJ%TEE8 For The Ytar Ended 30 March 2024 ThL InisicL& ivho arl also dircctors of ihL chatiry for ihc purposcs of thc Companits Aci 2006, prcscnt ihLir rcport, 14,hi¢h also fomis Ihc directors. I￿￿rt a5 r¢quir¢d b>. coillpany law. ￿1th th¢ financial Statements of th¢ charitv for th¢ year ¢nd¢d 3V March 2024. "Ih¢ Irusttts hal't adopted Iht provisions of Iht Slaiemtnt of Recominendtd Praltiee ISORPI AeLounting and Rtporting bN- cliariti￿ in pr¢paring di¢ ￿lnual r¢port and fiiuncial 5tat¢m¢nLs of th¢ charity. OWECTIVES AND ACTIVITIES Tht charirn s Inaiii obje£t and lis principal aciivitv is to suppon poor ptople in fillancial lle£d. It continues to deriie lis income trom its i￿￿e51]Then1 properl￿ and gift did donaiions. ThL TrusicLS havL g1vl￿ duc rcgard 10 public bLmcfii whcn planning ihL charirn s activiiics, in accordancc with thc Charit), Comtlli55ion's guidanc¢ (In Puhlic B¢nefil. Durin¥ the perilxl, the LhJTitv rndde in fiirtherdnLe uf ils ubjeLts' lu reliewe puvety adv￿le the J￿viSh F￿th uf £142.674 {2023.. £116,641). AcHIEVEmE￿T AND PERFORMANCE Charitahle Activitie% The ehariil s incoine deribes from inTrtsimenis, rent and charithble donations, M".hieh is applied for chariiable purposes in ac£ordanct 'iih il% IAeiii()randum ￿ld ArtILlth i)f A%s1)Liali()n. Rentydl income derived frotn ils lrtvegtsnent properties pmvided art overall yield o15.3O/& 1?023.. 5.Tr/&l during Ihe }'ear. This is consisieni and in lin¢ with expectations. Total incotning resources available for grant distribution li.e.Total inwrning rey)urGts less ¢xtKndilur¢ on raising funds and support costs) ainounled to £138.703120?3.. £148.8251. 2024 2023 Total Grants paid during the peri 142,674 116.641 Grants art mad¢ to iiidiTriduals and institutions in tinancial need in accordance iviih the charity s Memorandum and Articles of AssoLiaiion. ThLsC granis Npicalls, eoNLr Ihc housing cosis of indii'iduals with low inwmcs. Grants madL in IhL p-riod rlwrcscntcd a distribution of 10.ID/o of this period's available funds tor grant di5tribution12023.. 78/fj1- Tli¢ distributions r¢fl¢d a n¢¢d lo balan¢¢ the fIn￿l(la1 iietds of indii'iduals and inslitutioiis sup￿rt¢d and meeting th¢ -I'rust¢¢s' reserrfes policTr. A prudtnt approach is required with downi¥ard pressure on rental income with th¢ charity's tenants operating ivilhin th¢ reiail ￿LI￿r. FINANCIAL REVIEW Reser%'es Poliey All uf the Lharil5 5 fund% ￿ unre%triLted. The Tru%tee% hdve ubjeLtive tu aLhieN'e lin[￿￿t[ILted re4eTres uf net Lurrenl a%sets' 1() equdl six Inonths running costs to coNer Ihe risk presenitd b! Ihe curreni economic tnTrironment w'hich has setn commercial propenies unoccupicd and downward prcssurL on rtnLS fLLciNablc. This would LquaiL 10 £85,657 12023.. £79,900) in rlspcci of Ihis fjnancial vcar. Thc chariry, currlnilv has a nLt surplus of currcni aS￿ts oTrer it4 curreiil liabilitie% of £133.64a 12023 £137.611 l. The 4uii)lu4 abÉ)we the pi)IlL￿. 14 held due ts) die UllLertaiiih' %urri)unding. in particular a lease with the largtsi tenant thai has not rentwed. Thtrt is a significant risk of a Troid period materialising and a signifiL￿1 renl reduLli()n in Ihe (ulLI￿. The Tru%iee% will Li)ntiniie lu irt()nilur Ihe reser¥es level and lake aelion 10 addre%$ Ihe exLess of rt5¢rv¢s oiice all l¢a5ts hai.¢ b¢¢ii r¢neM'ed and certaintv oTr¢i' rental income a55ur¢d. FUTURE PLANS The Iruslees coniinue to seek to m&ximise Ihe chatit) s ineome from ils investmeni properties 10 faLilitate Ihe coniinued grdnt making in support of its charitabl¢ objects. Pag¢ I CLOSEHELM LIMITED REGISTERED NUMBER. 01777233 REPORT OF THE TRIJ%TEE8 For The Ytar Ended 30 March 2024 STRUCTURE, GOI'ERYANCE AND MANAGEMENT Goi'erning Document Closthelm Limiied is a compans, limited bv giiaranttt and is goiemed bl. lis Memorandum and Articles of Association dated 12 l)ec¢inber 1983.'1-li¢ compani. is r¢gi5tered a5 a charity i¥ith the Charity Lornmi55ion. RecruItme￿t a￿d Appointment of Trustees Nw14, TrusrLYS arL appoinicd bN rhe Lxisring Truste£ Board and in accordanc£ with the ¢hariry.'s gol'eming documeni shall hold office until dedth. re%ign5 ur is disqiialifJe(bretnuved frutn ()ffiLe. The LhJtit}' tnu5t hdve a rninirnum uf th￿e ttu%lee% tu a ￿￿1[nUt￿ uf 10 TrU￿¢t9. Indu¢tion training of new Trustees IJtM)n appi)inltnenl Tru%lee5 dre pn)vided iviih indLILlii)n PaLk ￿'hILh Luniaill5 Ihe MetniTrrdndurn ArtILle% of A&soLiaiion. copies Ot'iht pasi iliree Jear's tiiiancial sratements and a copy ot'tht CharitTr Coinniission's guide on Trustees responsibilities OrganisAtion Structure All ihL DirL'Liors OF Ihe are also Trusiees of Ihe ehariiy. Whenei'er Ihis report of Ihe aeLompartJing financial siaiemenis refeT to th¢ l)ir¢ctor& it includ¢s th¢"1 nJst¢e5.'1"h¢ 14oard ot'l'rust¢¢s adininiste￿ th¢ chaTity."Ih¢ 14oard tne¢ts Inonthly. Risk Management The trust¢¢s liai'e a dutv to id¢ntify' and lE￿.1¢W the risk's to which the charity is exp05¢d and to ensure appropriate controls are in place 10 providL rcosonablL a&8LifdncL agains1 fraud and Lrror. ThL trusiccs havc a risk managcincnt siratLgN ￿,hiCh LomprI￿S an annual rL￿lL￿ of thc risks Ihc chariiv ma). facc, Ihi csiablishmkni of stein% pr(Kedure% to mitlgate th()4e ri%k% identitied in the PL￿ and irnplenienution ()f pr()cedures d￿18ned ti) niinitni%e any tential iinpact on tlie cliarity. sliould those risks rnaterialise. Tliis work has not idenlitied anTr n¢M' risks bul it has r¢sulttd in better pruLedure% and LontingenL} plan% has gi￿en the iiiipelus for beller pl￿nIng. A kei elemertl in Ihe tnanagernenl of financial risk ig tlie s¢tting of a T¢s¢rv¢s policTr and lis regulai. review bi, th¢'l'iusttts. REFERETrICE AND ADf*iiNIsTRATIVE DETAILS Rwstered Company number 01777233 (England and Wales) Registered Charity number 291296 Registered office Unit I: St Stephens Court li- 17 Si Sicphcns Road Bourn¢mouth Dorset BH2 C)LA Trustees Mrs H Van Praa￿ Director Mrs H R CJri)%ber¥ DI￿l*L1r Mr D Van praa￿ Direcior Company Secretary MTS H Vart Ptaagh Independent Exatniner Mr P J *hofi¢ld Sehufields Chartered Accountants Unli I, St Sitphens Court 15-17 Si St¢ph¢ns Rijad Bourn¢inouth Diirset FI112 6LA Ballkers Barclai's Bank PIC 126 Statioii Road Edgivare Middle%¢x HA8 7RY Pag¢ 2 CLOSEHELM LIMITED REGISTERED NUMBER. 01777233 REPORT OF THE TRIJ%TEE8 For The Ytar Ended 30 March 2024 This repot1 has been prepared in accordance witli the special prO￿lS1On5 of Part 15 of the C'.omtYanies Act 2W6 relating to srnall companiLS. 17 D8cember 2024 Approved by order of the b)ard of trusttts on............................................. and siglltd on its bthalf by.. J¥ Prwk MTS H pr￿gh- Tru.%tee Pag¢ 3 INDEPENDENf EXAMINER'S KEPORT TO THE TRUSTEES OF QSEHEL_M_L ISTERED NUMBER.. 01777233 IndependeDt report to thetruste¢s of Cl¢xvh¢lm Limited {'tht Company'l I reJA)rt to the cbarity tswtees onmy examiDationoftheRt£OUDts of the Company forthe y¢aT eTthd30MaTch2024. Responsib￿ltieS alld basts of report A5 the charitys trusLees of the Company land 8150 its d￿ectOrS for the FWPOSCS of compthy law) you arc responsible for the preparation of the acco￿￿ in xcordallce wtth the requitemettts of the CompÈnies Act 2006 (the 2006 ACY). Having ￿tisfied tny5¢1f that th¢ accouDts of th¢ Compgny are not required ￿ be a￿lIted ullder Part 16 of the 2006 Act 8ttd 8re eligible for independent exarnlnatio￿ I report reS￿t of Jny examination gf yow ch¥&ly's accounts as carried out under Sc£tion J45 of the Cknariti￿ Act 2011 Ilhe 2011 Act). ltt out my examination I have followed the D￿￿tiOnS giv¢n by the Charity Commissiott ndersedion 145{51 (b) of th¢ 2011 Ad. Illdepelldellt State￿ent I have completed my ¢xamination. I confirni that no matters have come to my attention irt connectiott with the exajnination giving Jne cause to klieve.. accounting records were not k¢pi in respectof the Comp?￿Y &% required by s￿110￿ 386of the 2006AcL' or the accoutrts do notaccord with those rewrds; or th¥ a¢￿u￿t8 do I￿1 ¢L)mply with the acCoUntll￿ requiretn¢nts of Se¢tion 396 of th¢ 2006 Aot other than any tequirement that tka¢covnls give atsw¢ and fairview whj'ch is not a matter ¢ottsidBTed a5 part of an indepE[￿ellt examination,. or the accou]]ts have not been pryred in acGord8nc¢ with th¢ m¢thods and piinciples of thc Sraton¢nt ofRecoJllmended Pr&ctiee for accounting and rwrtill8 by charities (applicable to ¢JLgriti¢s W¢FOTing th¢iT accounts in awordance with the Financial Rep￿11￿8 Srandard applicable irt the alld Republic of Ireland (FRS 102)). I have no wnc¢rns Jnd b&v¢ com¢ aoros5 no other matters in connection with the Ly￿)]]natIon to which att￿tiOtt should be dAwn in this tePDrt thorderto etthle a pyoper Und￿StandIngofthe accoullts to be re&che(L MrP J Schofield The In8tituTr of C Ace4)Ull ts inEnglattd and Wales Schofields Chpfieted Aerntartts Unit I, St stephe￿ Co 15.17 St St¢ph¢ns Road Bournemouth Dor5cI BH2 6LA 17 Decernber 2024 Dxte.. Page4 CLOSEHELM LIMITED STATENIENT ()F FINANCIAL ACTIVITIE8 INCORPORATING AN INCONIE AND EXPENDITURE AC.COUNT For 'l'h¢ Year F.nd¢d 3U March 2024 2024 2023 Total runds Unrestricted fund Notes INCOME AND ENDOIWMENTS FRO￿[ Donations and legacies 16.800 InTr¢5tilleni income 167,343 175.183 Total 167,343 191.983 EXPENDITURE ON Raising funds InwLsimenL managetnent eosis 22.187 38,104 22,187 38,104 ChAritable *ttivitits Reli¢f of PoN'¢rty' wid advano¢rn¢nt of th¢ Jeivish Faith 149.127 121.695 Total 159.799 Ntt gaills Oll inveslinenis 120,000 NET INCo￿lE 116.029 32.184 RECONCILIA TION OF FUiYDS Toial funds broughi ftsrW￿d 3,172,611 3,140.427 TOTAL FUNDS CARRIED FORWARD 3,288.fv10 3,172,61 ThL lloiLS (omi part of ihLSC financial siaiLmLnlS Page 5 CLOSEHELM LIMITED REGISTERED NUMBER. 01777233 BAL.4NCE SHEET 30 Nlarcli 2024 2024 2023 Total funds Unrcsiricicd fund Notes FIXFD ASSF.TS Ini'csimtnt propcrry 3,155.￿0 3.035,000 CURREiNT ASSETS D¢btQT5 Cash at bank 14 19,727 242,391 3U.54¥ 228.936 262,118 259.484 CREDITORS Atnuunls falling due within one }'ear 1128.4781 NET CURRENT ASSETS 133,640 TOTAL ASSETS LESS CURRENT LIABILITIES 3.288.640 3,172,611 NET ASSETS 3,288.640 3,172,611 FUNDS 16 Ilnre%triLted fund 3.288.640 3,172.611 TOTAL FUNDS 3.288.64a The charitable companv 15 entitled to exemption trom audit und¢r St£tion 477 of the Compani¢5 Act 2006 for the year ¢nded 30 March 2024. Tht mtjnbers hal't not required ihe company io obtain an audit of its financial statements for ihe vear ended 30 March 2024 in accordancL with SL*lion 476 ofihi CompaniLS ALI 2006. ThL Irusiccs a¢kno￿l¢d£L Ihcir rL%ponsibiliiics for lal ¢nsui'ing that th¢ charitable coiiipanN' k¢¢p5 accounting r¢cords that coinplv ivith S¢ctions 386 and 387 of the Coinpani¢s Act 2W6 and preparing finknLial %lalement5 whiLh give a true and fd. ir view (Trf the %iaie uf aJTair% uf the Lharitdble LI)mp￿Y Ihe end i)f each tinancial N'ear and ot. its surplLJS or deticit tor each tinancial Near in accordance with the requirements ot-Se£tions 394 and 395 dnd M'hiLh othLrwisc complN ￿'11h IhL rcqLiifLtncnts of IhL CotnpaniLS Act 2(￿6 rLlaiing to financial sthtLmcnis. so far as applicable to th¢ cli(Irilabl¢ compan). Ibl Th￿ finanLial %lalenient4 lia￿e ￿til prep£ired in aLLI)rdanLe with the pr()￿1%11}n% appliLable tcl Lharilable L()tnpanie% subjeLt lo the %rndl companies rtgime. 17 Dec8mb8r 2024 'I"he financial s¢at¢inent5 wert approved b), th¢ Iloard of I nJst¢e5 and authoris¢d for issu¢ on signcd on its bchalf by.. and i*¢re J¥ Prwk MTS I I Van Praa￿-"I.rustce D Vah Trwk Mr D Vall Praa￿- TNsie£ ThL lloiLS (omi part of ihLSC financial siaiLmLnlS Page 6 CLOSEHELM LIMITED NOTE%TO THE FINANCIAL STATEMENT% For The Ytar Ended 30 March 2024 STATUTORY IiYFORMATION Closehtliii Limitth is a prI￿at¢ coinpanv liinited bN' giiaralllee, rtgistered in England and Wales. In the event of the charitN' bcing i%'OLind up. IhL liabilii), in rLSPCCt of IhL guoranicc is limiicd to £1 PLY mcrnbcr of ihL chariiv. Thc addrLSS of Ihc r¢gisl¢red otlice is gii'eii in the charity. information on page 2 of th¢s¢ tinallcial statein¢iit5. The nature of th¢ charitN"s optrations and principal activiiies art the ad￿an¢ement of religion in accordance iviih the Onhodox Jeivish Faith and ihe relief of poverty,. ACCOUNTING POLICIES Basis of preparation Thc financial siaicmcnis of ihL chariiablc compani, ¥%".hich is a publiL bcncfii cniiil undir FRS 102. haiL b¢Ln prcparLd in accL)rdanLe with the Charitie% 8ORI' (FR£ I(121 'ALLI)unting and Rep(Trrting bv Cliarilie%'. Stateinent lif ReL. be used tor particular restricted pury)oses i4'ithin the objects ot. the charitTr. Rtstrictions arise w'hen spccificd b! Ihi donor or whcn (Linds L2rc raisLd for particular rLsIriLILd purposcs. Further explanation of the nature and purpose of each fund is included in the noies io the financial sthttmenis. Debtors *nd ereditors reteiv&ble I p*yable within one yeAr D¢hi()rs and Lredit(its N4'iili n(1 4tated intere%1 rate reLeiTrabl¢ or paN'uhl¢ wiiliin on¢ y¢ar are ￿cOrd¢d at transaction price. Ani. losses arising from impairmeni are reeognised in ekpendiiure. Cash at bank *nd in hAnd C&%li at bank and in h￿Id repr￿￿1% %uch aLC()unL% and in%trutnents. that are available deM￿d {)[ have a inaturit! i)f le%4 than three rnonths t'rom the date of acquisltion. Provisions Pri)wi%i()n% are reL()gni.4ed wlien. and i)nlJ M'hen, it 14 pri)bable that a present i)hli¥ali()n exi%t5'. re%uli Df a a event and th¢ transfer ot econoillic beiietit can be r¢liabli' ¢stiillat¢d. Finaneial instruments All finaneial aS￿[S and liabiliiics arL rccognisLd ￿ basic financial instriimcnis which arc initiall￿ rCC4)gnisL￿ ai iransathion value and subs¢quentl)' m¢￿ured at their settJ¢m¢iit value DONATIOiYS AND LEGACIES 2024 2023 Donaiions and gifts 16.800 INVESTMENT INCOME 2024 2023 Rents rtceiTr¢d Bank and oihLr inicrcsi 167.079 264 172.099 3,084 167.343 175,183 INvEsT￿lENT ￿lANAGEMENT COSTS 2024 2023 Rates and water PropLrtv rLVL2irs and mainiLnancc S¢Tvice ¢hargo4 receivable Maiiageinent and adininistrative charges In%ur￿le Bank charges Legal and profegsional fees Ilad d¢bi Ex'cess servict charges rtpa>'able Hi.4ti)ric rates uiid¢rLliarg¢ 3.017 2.369 1,488 16,64111 1,088 2.884 657 16,459 1.565 3.153 658 9,351 6.712 CarriLd fonvard 21.981 38,104 Page 8 ontinu•J... CLOSEHELM LIMITED NOTE% TO THE FINANCIAL STATEMENT%- Luntiniied For The Ytar Ended 30 March 2024 INvEsT￿lENT ￿[ANAGEmE￿IT COSTS- eontinued 2024 2023 BTought forward Computer costs 21.981 206 38,104 22.187 38.IU4 CHARITABLE ACTIVITIES COSTS Cirant funding of Support osts1s¢¢ noic 81 IK¢ not¢ 71 Totals Relief of Poverty and advancement of the Jewi%h Faith 14?674 6.453 149,127 GRATrITS PA YABLE 2024 2023 RLliknf of PovLm and advanccmcnt of IhL Jcwish Faiih 142.674 116.641 The total grants paid to institutions during the v¢ar was as follows.. 2024 2023 93,3 66.100 4.539 l) Swoon Challichel Yesivas Jem'ish Ttachtr Beth Avrahatn Svndg()gue Ezra umar[￿h Limited 1.440 335 36D 95.075 72.439 ThL ioi&I granis paid 10 individLials during thc Jcar ￿'8S follows." 2024 2023 cJ[￿lI% ti) individual% 47.i99 44,21)2 SUPPORT COSTS Govern￿Ce costs Finance Totals Relief of PoN'¢rr)' and adi'anc¢tn¢nt of the J¢i*isli Faiih 1,548 4,905 6.453 Page 9 ontinu•J... CLOSEHELM LIMITED NOTE% TO THE FINANCIAL STATEMENT%- Luntiniied For The Ytar Ended 30 March 2024 SUPPORT COSTS- eontinutd Support costs, included in th¢ abobe, are as follows.. Finanee 2024 R¢lief of Povcriy and ad￿an¢t1￿¢ni uf the Jti4.-Ish Faiih 2023 Total Bookkccping 1,548 844 Governante tosts 2024 Relief of Piil'erty and advanLemeni 2023 je￿,1￿h Faith Toial Independent E￿Ine￿% fees 4.905 4.210 TRUSTEES. REMUiYERATION AND BENEFITS 'I'h¢r¢ w¢re no trust¢¢5' r¢inun¢ration oroth¢r ben¢fits for the }'¢ar ended 30 March 2024 noT tor the >'¢ar ¢nd¢d 30 March ?025. Trustees, expenses 'I'h¢r¢ w¢re no twsl¢es' exp¢n5¢s paid foT th¢ }'¢artnded 3V MaTch 2U24 nor fortlit l'ear ¢iid¢d 30 Marcli 2023. io. STAFF COSTS The dverage etnplu}'ee nutnbers durin¥ the Ve￿ dtnuunted lu Nil12023.. Nill. COMPAiiATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrestriLted rund INCOME AND ENDOWMENTS FRor*i Donaiioiis and legacies 16,8 InV￿rment incom¢ Total 191.983 EXPENDITURE ON Raising funds nve%tmeiil iiian£wernenl Lllsts. 38.104 38.104 Ch*Titsble xctivitie5 Reliet'of Po￿trE), and adi'ancetnent of the Je￿ISh Faith 121.695 TotAI 159,799 Pag¢ 10 ontinu•J... CLOSEHELM LIMITED NOTE% TO THE FINANCIAL STATEMENT%- Luntiniied For The Ytar Ended 30 March 2024 COMPAii4TtVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontinued un￿s￿"1¢t¢d tund NET IiNCOME 32.184 RECONCILIATIOII OF FUNDS Total (Linds brought lon*ard 3,140.427 TOTAL FUI%DS CARRIED FORWARD 3.172.611 12. INDEPE￿DENT EXAMINERS REMUNEIi4TION 2024 2023 Independent Exarniners fe£s 4.()05 4.210 13. INVESTMENT PROPERTY FAIRVALUE At 31 Nqarch 2023 Revaluation 3,035,OOU 120.ffto At 30 March 2024 3,155,000 NET BOOKVALUE At 30 March 21124 3,155.000 At 30 March 2023 3,035.000 air value at 3U March 2024 15 r¢preKnl¢d by.. Valuaiii)n in 2024 3.1 i5.000 Invutm¢nt property I'alued on an op¢n inarket basis On 30 March 2024 b}. th¢"I ru5t¢¢s. .1 lie liisloric cost of th¢ inTr¢slin¢nt propertv amounts to £3.611.46212023.. £3.611:4621. 14. DEBTORS: AMOUiNTS FALLING DUE WITHIN ONE YEAR 2024 2a23 Trdde debii)I5 Other debtor5 PrcpaimLnts and accrucd incomL 19.268 20.833 8.5(K) ,215 4)9 19,727 30.548 Pag¢ 11 ontinu•J... CLOSEHELM LIMITED NOTE% TO THE FINANCIAL STATEMENT%- Luntiniied For The Ytar Ended 30 March 2024 15. CREDITORS: AP*lOUIYTS FALLING DUE WITHIN ONE YEAR 2024 2023 Tradc crLdiiors S(Kial securit), aiid other th'es Other crtdiio l)u¢ to a%s(Kiat¢d coinpanies Accn]als and deferred income 33.704 3.251 17.707 24.652 49.1(A 24,775 1,754 17.707 24,652 52.985 128.478 Deferred income comprises quarterl>' rents and service eharges reCei￿¢d in advanc£ as follows.. Balanct at 31 Mareh 2023 Amuunts. released li) ini'e%iment inLome Arnounts d¢terr¢d iii }'ear 37.403 137.4031 37.4().1 Ilalwi¢¢ at 3n March 2024 37,403 16. MOVEMENT IN FUNDS Nel muvernenl iii knnds At 31.3.23 At 30.3.24 Unrestrieted funds Gcncral fund 3,172,611 116.029 3,288,640 TOTAL FUiYDS 3.IV.611 116.029 3,258.64 Net mobemeni in tunds. included ill ihe above are as tollows.. Incoming rcsourLCS Resourc LXP-ndL Gains and losscs Moi'ement in funds Unrestritted funds General tulld 167,343 120,WO 116,029 TOTAL FUIYDS 167,343 120.LWO 116.029 Compar*tives for movement in funds Nel muvernenl iii knnds At 31.3.22 At 30.3.23 Unrestrieted funds General (und 3,140,427 32,184 3,172.611 TOTAL FUiYDS 3.140.427 32.1114 Pag¢ 12 ontinu•J... CLOSEHELM LIMITED NOTE% TO THE FINANCIAL STATEMENT%- Luntiniied For The Ytar Ended 30 March 2024 16. IOVEMENT IN FbNDS- continued Comparative net moi'trnenl in fullds. lllclud¢d in the abovt are as tollows.. Inconiing soiirces R¢sourc¢s expended Moi'ement in funds Unrestrieted fund5 (i¢neral 191.983 1159,7991 32,184 TOTAL FUNDS 191,983 1159.7991 32.184 A current Ve￿ 12 munihs and PIIOT 12 n)onihs Lombined posilii)n is fullows". Nci Mo￿¢￿¢111 At 31.3.22 At 30.3.24 Unrestrieted fund5 G¢ii¢ral fi]nd 3,140,427 148,213 3,288.640 TOTAL FUTrIDS 3.140.427 148.213 3,288,640 A current Ve￿ 12 munihs and PIIOT 12 n)onihs Lombined nei muvement in fund& inLluded in Ihe knove ￿e as fullows". Incoming Irsouw¢s Resourc ¢xtKnd¢d Gains and 105s¢5 Movtjnent iii fund5 Unrestricted funds Gentral tulld 359,326 120.wo 148,213 TOTAL FUNDS J59.326 120,rx)o 148.213 The unrestricted t'und represents'free reserves." 17. RELATED PARTY DISCLOSURES Duriiig th¢ year company was loan¢d funds to puThu¢ its charitable objects b}. 14roadiniiist¢r l.iinit¢d, a company ¢oiilroll¢d bi. Iht Tru￿teS. Ai Ihe N'tar end amounts dut 10 Broadminsier Liinited ioialled £24,652 12023.. £24,652). The loan from BFuadtnin%ter Litniled is intere41 free. un%eLured repayable i)ii detnand. Duting the Jear Bmadminsier Limited dotydied £Nil12023.. £15.0￿110 the Lharitj. Duting thL I'car thL TrusicL Mrs H W Van Praagh l(Trancd (Linds 10 Ihc companv. Al thc vcar cnd, amounts dLlC 10 thc TrustL tiitall¢d £17.70712Q23.£17,7071. Th¢ loan is int¢r¢st fr¢¢, UllS¢Lured an(1 r¢pa)'abl¢ on d¢rnwid. Pag¢ 13 ontinu•J... CLOSEHELM LIMITED NOTE% TO THE FINANCIAL STATEMENT%- Luntiniied For The Ytar Ended 30 March 2024 18. COi%TROLLING PARTY The charit), is Colltrolled b! the Trustees. 19. FINANCIAL INSTRUMENTS The carri'ing amounts of the chariti s finallcial instruments are as follo￿'S.. 20?4 2U23 FI￿LIa1 ￿t￿. DLbi insirumLllis mtasurcd ai #morti￿d cosi.. I rad¢ d¢btor5 Oihir dcbtors Prepa￿ine￿t% and accrued inci)tne 19.268 20,833 8,5 459 19.7?7 30,548 Mu5ur¢d at atnortis•J ¢05t Tradt erediiors Si)Lial %eLuritJ and i)ther ILKe% Other creditors - Amounis. 0￿.ed 10 ￿SoCialtd Lompanies Accruals and def¢TT¢d incoin¢ 33.704 3.251 17.7U7 24.652 49.164 24.775 1.754 17.707 24,652 52,985 128,478 121,873 Page 14 CLOSEHELM LIMITED DET.4ILED STATEMENT OF FIN.4NCIAL ACTIVITIES For The Ytar Ended 30 March 2024 2024 2023 IiYCOME AND ENDOWMEiYTS Donations and legaeies Dontsiiuns gins 16.800 vesttneJ]t income Rtnis rectived Bank and othLr inicrcst 167,079 264 17?,099 3.084 167,343 175,183 Totsl intoming resourtes 167.343 191,983 EXPENDITURE Investment managetnent costs Raics and WalLr Fl-op¢m' r¢pair5 and Inaintenanoe ScrvicL chargcs rLYciiablL M￿l￿genIent and adtnini4rtrative Lharge% Insurance Bank Lh(trges l.¢gal and prot¢ssional f¢¢s Bad dtbts F.'xtrss servic¢ Ch￿8¢5 r¢payabl¢ Historic rate5 uiid¢rcharge Ci)tnpiiler Ll)%L% 3,017 2,369 2.611 1,488 16,6401 1,565 3,153 658 2,884 657 16,459 3,494 6,712 206 22.187 38,104 ChllritAble Ittivities 95,075 47.599 72,439 44,202 Grants to indii'iduals 142,674 116,641 Support costs Finance Bcii)kkeepin¥ 1,548 844 Covernance costs Indtpelldetti Examiners fe£s 4.905 4.210 Total resources ¢xp¢nd¢d 159,7()9 Net lexpenditure}lineome This pag¢ does not form part ot'the statutory tinancial statements Page 15