2022-03-31-accounts - Westleague Limited

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COMPANY REGISTRATION NUMBER: 01899297 CHARITY REGISTRATION NUMBER: 292282

WESTLEAGUE LIMITED

Company Limited by Guarantee FINANCIAL STATEMENTS

31 MARCH 2022

COHEN ARNOLD

Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

	PAGE
Trustees' annual report (incorporating the director's report)	1
Independent auditor's report to the members	4
Statement of financial activities (including income and expenditure
account)	9
Statement of financial position	10
Notes to the financial statements	11

WESTLEAGUE LIMITED COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)

YEAR ENDED 31 MARCH 2022

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Westleague Limited Charity registration number 292282 Scottish charity registration SC038854 number Company registration number 01899297 Principal office 10 Newton Place Glasgow G3 7PR Registered office New Burlington House 1075 Finchley Road London NW11 0PU THE TRUSTEES

Mr A N Berkley Mrs N J Berkley Mr A R Berkley Ms K A Berkley COMPANY SECRETARY Mr A N Berkley AUDITOR Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is constituted as a company limited by guarantee, and is therefore governed by its Memorandum and Articles of Association.

The Governors (Trustees) administer the day-to-day affairs of the charity. None of the Trustees have any beneficial interest in the charity.

It is not currently the intention of the Trustees of the charity to appoint new Trustees. Should the situation change in the future, the Trustees will apply suitable recruitment training and induction procedures.

OBJECTIVES AND ACTIVITIES

The charity is established to further both in the United Kingdom and abroad those purposes recognised as charitable by English Law. To achieve these objects, the charity utilises its income to make grants and donations.

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WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2022

ACHIEVEMENTS AND PERFORMANCE

During the year the charity continued to pursue its philanthropic objects in support of educational, religious and other charitable organisations which is in accordance with the guidance of the Charity Commission relating to Public Benefit.

FINANCIAL REVIEW

Net incoming resources aggregated £1,103,249. Total resources expended were £139,404 resulting in net incoming resources of £963,845.

As at 31 March 2022 the charity had Unrestricted Funds of £2,070,954 (2021: £1,107,109).

TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITOR

Each of the persons who is a trustee at the date of approval of this report confirms that:

so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

DocuSign Envelope ID: 9935B4E7-159F-48C6-ADD2-3BC8AA6E12B9

WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2022

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 24 November 2022 and signed on behalf of the board of trustees by:

Mr A N Berkley Trustee

WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WESTLEAGUE LIMITED

YEAR ENDED 31 MARCH 2022

OPINION

We have audited the financial statements of Westleague Limited (the 'charity') for the year ended 31 March 2022 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the charity's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WESTLEAGUE

LIMITED (continued)

YEAR ENDED 31 MARCH 2022

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the trustees' report has been prepared in accordance with applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

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WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WESTLEAGUE

LIMITED (continued)

YEAR ENDED 31 MARCH 2022

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 We obtained an understanding of the legal and regulatory frameworks that are applicable to the company through discussion with the directors and senior management and identified which were most significant with respect to the financial statements. We identified financial reporting legislation (including related companies legislation), charities legislation and taxation legislation as being most significant to these financial statements. We communicated these identified frameworks throughout our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations.

We discussed with the directors and senior management the policies and procedures regarding compliance with these legal and regulatory frameworks.
We assessed the susceptibility of the company's financial statements to material misstatement due to non-compliance of legal and regulatory frameworks, including how fraud might occur, by enquiry with the directors and senior management during the planning and finalisation phases of our audit and using proprietary disclosure checklists. This was determined to be low.
Based on this understanding we designed our audit procedures to identify non-compliance with
the identified legal and regulatory framework, which were part of our procedures on the related financial statement items. Our procedures included reviewing the company's internal controls policies and procedures, reviewing the minutes of board meetings and correspondence with regulatory bodies including HMRC, testing transactions outside the normal course of the business and journal entries, and discussions with the directors and senior management.

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WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WESTLEAGUE

LIMITED (continued)

YEAR ENDED 31 MARCH 2022

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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COMPANY LIMTfED BY GUARANfEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBEILS OF WESTLEAGUE LIM]TED YEAR ENDED 31 MARCH 2022 We ¢ommunicate wilh those charged with governance regarding, among other rnatters, the planned Scope and timing of the audit and sigt]ificant audit findings, including any significant d¢fi¢iencies in internal control that we identify during our audit. USE OF OUR REPORT This report is made solely lo the charity's memb¢rs, as a body, in accordan¢e with Chapter 3 of Part 16 f the Companies Act 2006, and in accordance with Regulation 10 of the Chariiies Ac£ounts (Scotland) Regulations 2006. Our audit work has been undenakeD 50 that we might state lo the harily'5 m¢mbeTS those matters we are required to state io them in an audiior's report and for other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyon¢ other than the Charity and the charity's members as a bc>dy. for tsur audit work, for this reporL or for the opinions we have formed. Dov Harris FCA (Senior Statutory Auditor) For and on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU 24 November 2022

WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2022

		2022	2022	2021
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	1,082,120	1,082,120	310,000
Investment income	6	21,129	21,129	2,457
		-----------------------------------------------	-----------------------------------------------	-------------------------------------
Total income		1,103,249	1,103,249	312,457
		===============================================	===============================================	=====================================
Expenditure
Expenditure on charitable activities	7,8	(139,404)	(139,404)	(116,706)
		-----------------------------------------------	-----------------------------------------------	-------------------------------------
Total expenditure		(139,404)	(139,404)	(116,706)
		===============================================	===============================================	=====================================
		-----------------------------------------------	-----------------------------------------------	-------------------------------------
Net income and net movement in funds		963,845	963,845	195,751
		===============================================	===============================================	=====================================
Reconciliation of funds
Total funds brought forward		1,387,109	1,387,109	1,191,358
		-----------------------------------------------	-----------------------------------------------	-----------------------------------------------
Total funds carried forward		2,350,954	2,350,954	1,387,109
		===============================================	===============================================	===============================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 11 to 16 form part of these financial statements.

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DocuSign Envelope ID: 9935B4E7-159F-48C6-ADD2-3BC8AA6E12B9

WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 MARCH 2022

		2022		2021
	Note	£	£	£	£
FIXED ASSETS
Tangible fixed assets	12		280,000		280,000
Investments	13		1,000,000		1,000,000
			-----------------------------------------------		-----------------------------------------------
			1,280,000		1,280,000
CURRENT ASSETS
Debtors	14	–		2,457
Cash at bank and in hand		1,082,424		112,392
		-----------------------------------------------		-------------------------------------
		1,082,424		114,849
CREDITORS: amounts falling due
within one year	15	(11,470)		(7,740)
		-----------------------------------------------		-------------------------------------
NET CURRENT ASSETS			1,070,954		107,109
			-----------------------------------------------		-----------------------------------------------
TOTAL ASSETS LESS CURRENT
LIABILITIES			2,350,954		1,387,109
			-----------------------------------------------		-----------------------------------------------
NET ASSETS			2,350,954		1,387,109
			===============================================		===============================================
FUNDS OF THE CHARITY
Unrestricted funds			2,350,954		1,387,109
			-----------------------------------------------		-----------------------------------------------
Total charity funds	16		2,350,954		1,387,109
			===============================================		===============================================

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 24 November 2022, and are signed on behalf of the board by:

Mr A N Berkley Trustee

The notes on pages 11 to 16 form part of these financial statements.

10 -

WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England, Wales and Scotland. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through income or expenditure.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2022

3. ACCOUNTING POLICIES (continued)

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.

Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is classified under headings of the statement of financial activities to which it relates.

Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Investments

Unlisted equity investments are initially recorded at cost and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2022

3. ACCOUNTING POLICIES (continued)

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

4. LIMITED BY GUARANTEE

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

5. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	£	£	£	£
DONATIONS
Donations	1,082,120	1,082,120	310,000	310,000
	===============================================	===============================================	=====================================	=====================================
INVESTMENT INCOME
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	£	£	£	£
Income from investment properties	21,125	21,125	2,457	2,457
Bank interest receivable	4	4	–	–
	-------------------------------	-------------------------------	--------------------------	--------------------------
	21,129 ===============================	21,129 ===============================	2,457 ==========================	2,457 ==========================

6. INVESTMENT INCOME

7. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	£	£	£	£
Grants payable	136,124	136,124	114,725	114,725
Support costs	3,280	3,280	1,981	1,981
	-------------------------------------	-------------------------------------	-------------------------------------	-------------------------------------
	139,404	139,404	116,706	116,706
	=====================================	=====================================	=====================================	=====================================

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WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2022

8. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE

	Grant
	funding of		Total funds	Total fund
	activities	Support costs	2022	2021
	£	£	£	£
Grants payable	136,124	–	136,124	114,725
Governance costs	–	3,280	3,280	1,981
	-------------------------------------	--------------------------	-------------------------------------	-------------------------------------
	136,124	3,280	139,404	116,706
	=====================================	==========================	=====================================	=====================================

All grants were paid to institutions in support of the relief of poverty, the advancement of health, the advancement of Jewish religion and the advancement of education.

Included in the charitable activities are the following material grants made during the year:

	2022
	£
United Jewish Israel Appeal	30,000
Magen David Adom	15,050
World Jewish Relief	14,500
United Hatzalah	12,000
Chai Cancer Care	10,000
Other Donations less than £10,000	54,574
	-------------------------------------
Total	136,124
	=====================================

9. AUDITORS REMUNERATION

AUDITORS REMUNERATION
	2022	2021
	£	£
Fees payable for the audit of the financial statements	3,000	-
	==========================	==========================
INDEPENDENT EXAMINATION FEES
	2022	2021
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	– ================	1,500 ==========================

10. INDEPENDENT EXAMINATION FEES

11. TRUSTEE REMUNERATION AND EXPENSES

No salaries or wages have been paid to the trustees for services provided to the charity.

The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

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WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2022

12. TANGIBLE FIXED ASSETS

12.	TANGIBLE FIXED ASSETS
		Land and
		buildings
		£
	Cost
	At 1 April 2021 and 31 March 2022	280,000
		=====================================
	Depreciation
	At 1 April 2021 and 31 March 2022	–
		=====================================
	Carrying amount
	At 31 March 2022	280,000
		=====================================
	At 31 March 2021	280,000
		=====================================
13.	INVESTMENTS
		Other
		investments
		£
	Cost or valuation
	At 1 April 2021	1,000,000
	Additions	–
		-----------------------------------------------
	At 31 March 2022	1,000,000
		===============================================
	Impairment
	At 1 April 2021 and 31 March 2022	–
		===============================================
	Carrying amount
	At 31 March 2022	1,000,000
		===============================================
	At 31 March 2021	1,000,000
		===============================================

All investments shown above are held at valuation.

The fair value at 31 March 2022 of the investments is based on the underlying value of assets less liabilities.

The Company holds 3,900 ordinary shares (21.66%) in Methcroft Ltd, an unquoted Company. The historic cost of the investment is £3,900 (2021: £3,900).

14. DEBTORS

	2022	2021
	£	£
Other debtors	–	2,457
	================	==========================

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WESTLEAGUE LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2022

15. CREDITORS: amounts falling due within one year

	2022	2021
	£	£
Accruals and deferred income	3,000	1,320
Other creditors	8,470	6,420
	-------------------------------	--------------------------
	11,470	7,740
	===============================	==========================

16. ANALYSIS OF CHARITABLE FUNDS

Unrestricted funds

Unrestricted funds
	At			At
	1 April			31 March
	2021	Income	Expenditure	2022
	£	£	£	£
General funds	1,387,109	1,103,249	(139,404)	2,350,954
	===============================================	===============================================	=====================================	===============================================
	At			At 3
	1 April			1 March
	2020	Income	Expenditure	2021
	£	£	£	£
General funds	1,191,358	312,457	(116,706)	1,387,109
	===============================================	=====================================	=====================================	===============================================
ANALYSIS OF NET ASSETS	BETWEEN FUNDS
			Unrestricted	Total Funds
			Funds	2022
			£	£
Investments			1,000,000	1,000,000
Current assets			1,082,424	1,082,424
Creditors less than 1 year			(11,470)	(11,470)
			-----------------------------------------------	-----------------------------------------------
Net assets			2,070,954	2,070,954
			===============================================	===============================================
			Unrestricted	Total Funds
			Funds	2021
			£	£
Investments			1,000,000	1,000,000
Current assets			112,392	112,392
Creditors less than 1 year			(7,740)	(7,740)
			-----------------------------------------------	-----------------------------------------------
Net assets			1,104,652 ===============================================	1,104,652 ===============================================

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

18. RELATED PARTIES

Donations received of £1,082,120 (2021: £310,000) were from companies which have directors in common with the trustees of the charity.

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