# **COMPANY REGISTRATION NUMBER: 01899297 CHARITY REGISTRATION NUMBER: 292282**
## **WESTLEAGUE LIMITED**
## **Company Limited by Guarantee UNAUDITED FINANCIAL STATEMENTS**
**31 MARCH 2023**
## **COHEN ARNOLD**
Chartered accountants New Burlington House 1075 Finchley Road LONDON NW11 0PU
## **WESTLEAGUE LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2023**
||**PAGE**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**3**|
|Statement of financial activities (including income and expenditure||
|account)|**5**|
|Statement of financial position|**6**|
|Notes to the financial statements|**7**|
**WESTLEAGUE LIMITED COMPANY LIMITED BY GUARANTEE**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)**
## **YEAR ENDED 31 MARCH 2023**
The trustees, who are 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 March 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered charity name** Westleague Limited **Charity registration number** 292282 **Scottish charity registration number** SC038854 **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 **INDEPENDENT EXAMINER** Dov Harris FCA 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.
**- 1 -**
Docusign Envelope ID. 1BB01721-D62140D4-9FC1-3ED5E31C2693
WESTLEAGUE LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 31 MARCH 2023
ACHIEVEMENTS AND PERFORMANCE
During the year the charity continued to pursue its philanthropic objects in support of educational,
rcligiou5 and other charitablc 0[glSatiOnS which is in accordance with the gUidC¢ of thc Charity
Conunissiun r¢lalin¥ to PubliL Bcncfil.
FINANCIAL REVIEW
Net incoming resources aggregated £464,558. Total resources expended were £122,157 resulting in
nct incoming rcsourccs of £342.401.
As at 31 March 2023 thc charity had Unrcstrictcd Funds of £2,693,355 (2022.. £2,350,954).
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 14 July 2023 and signed on behalf ot the board of
Iruslees by:
OottuSlgn•d tr/..
C95D9DS3AE
Mr A N Berkley
Trustee
**WESTLEAGUE LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WESTLEAGUE LIMITED**
## **YEAR ENDED 31 MARCH 2023**
I report to the trustees on my examination of the financial statements of Westleague Limited ('the charity') for the year ended 31 March 2023.
## **RESPONSIBILITIES AND BASIS OF REPORT**
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
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 the charity’s accounts carried out under section 44(1)(c) of the 2005 Act and section 145 of the Charities Act 2011 (‘the 2011 Act’) . In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **INDEPENDENT EXAMINER'S STATEMENT**
Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales (ICAEW) which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or
2. the financial statements do not accord with those records or with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or
3. 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 considered as part of an independent examination; or
4. the financial statements 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).
**- 3 -**
YEAR EiYDED 31 MARCH 2023
I have no concerns and have ¢ome acr055 no other matters in connection with the examination to
which attention should be drawn in this report in order to enabl¢ a proper understanding of the
accounts lo be r¢a¢hed.
Dov Harris FCA
Jnd¢pendent Examiner
New Burlington House
1075 Finchley Road
LONDON
NWII OPU
Ilp KLY 2023
## **WESTLEAGUE LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)**
## **YEAR ENDED 31 MARCH 2023**
|||**2023**|**2023**|2022|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**5**|445,058|**445,058**|1,082,120|
|Investment income|**6**|19,500|**19,500**|21,129|
|||``|``|``|
|**Total income**||464,558|**464,558**|1,103,249|
|||``|``|``|
|**Expenditure**|||||
|Expenditure on charitable activities|**7,8**|(122,157)|**(122,157)**|(139,404)|
|||``|``|``|
|**Total expenditure**||(122,157)|**(122,157)**|(139,404)|
|||``|``|``|
|||``|``|``|
|**Net income and net movement in funds**||342,401|**342,401**|963,845|
|||``|``|``|
|**Reconciliation of funds**|||||
|Total funds brought forward||2,350,954|**2,350,954**|1,387,109|
|||``|``|``|
|**Total funds carried forward**||2,693,355
``|**2,693,355**
``|2,350,954
``|
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 7 to 13 form part of these financial statements.**
**- 5 -**
Docusign Envelote ID. 1BB01721-D62140D4-9FC1-3ED5E31C2693
WESTLEAGUE LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31 MARCH 2023
2023
2022
FIXED AS.8ETS
Tangibl¥ fixd assets
Investments
12
13
280,000
1,500,000
1,780,000
280,000
1,000,000
1,280,000
CURRENT ASSETS
Dcbiors
Cash at bank and in hand
14
1,409
921,916
923,325
1,082,424
1,082,424
CREDITORS: amounts falling due
within one year
NET CURRENT ASSETS
15
(9,970}
(11,470)
913,355
1,070,954
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,693,355
2,693,355
2,350,954
NET ASSETS
2,350.954
FUNDS OF THE CHARITY
Unrestricted funds
2,693,355
2,693,355
2,350,954
Total charlty funds
16
2,350,954
For the year ending 31 March 2023 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities..
Thc mcmbcrs have not rcquircd the company to obtain an audit of its financial statcments foi the
year in question iii ac¢ordan¢e with qeclion 476;
The directors a¢knowledge their responsibilities for coinplying with the requirements of the A¢1
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companics subjcct to thc Small companie5, rcgimc.
These financial statcmcnts wcre approved by the board of trustccs and authoL15cd for issue on 14 July
2023, and are signed on behalf of the board by..
Do¢uSlgNd ty..
C95D9D53AE
Mr A N Berkley
Tnjstee
The notes on pages 7 to 13 form part of these financlal statements.
**WESTLEAGUE LIMITED**
**COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 MARCH 2023**
## **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.
**- 7 -**
**WESTLEAGUE LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 MARCH 2023**
## **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.
**- 8 -**
**WESTLEAGUE LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 MARCH 2023**
## **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|**2023**|Funds|2022|
||£|**£**|£|£|
|**DONATIONS**|||||
|Donations|445,058|**445,058**|1,082,120|1,082,120|
||``|``|``|``|
|**INVESTMENT INCOME**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|Income from investment properties|19,500|**19,500**|21,125|21,125|
|Bank interest receivable|–|**–**|4|4|
||``|``|``|``|
||19,500|**19,500**|21,129|21,129|
||``|``|``|``|
|**EXPENDITURE ON CHARITABLE**|**ACTIVITIES BY FUND TYPE**||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|Grants payable|121,215|**121,215**|136,124|136,124|
|Support costs|942|**942**|3,280|3,280|
||``|``|``|``|
||122,157|**122,157**|139,404|139,404|
||``|``|``|``|
## **6. INVESTMENT INCOME**
## **7. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE**
**- 9 -**
**WESTLEAGUE LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 MARCH 2023**
## **8. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE**
||Grant funding||**Total funds**|Total fund|
|---|---|---|---|---|
||of activities Support costs||**2023**|2022|
||£|£|**£**|£|
|Grants payable|121,215|–|**121,215**|136,124|
|Governance costs|–|942|**942**|3,280|
||``|``|``|``|
||121,215|942|**122,157**|139,404|
||``|``|``|``|
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:
||||**2023**|
|---|---|---|---|
||||**£**|
||United Jewish Israel Appeal||**30,000**|
||World Jewish Relief||**12,000**|
||Chai Cancer Care||**10,000**|
||Magen David Adom||**8,750**|
||Jewish Care Scotland||**5,350**|
||British Friends of United Hatzalah||**5,000**|
||Other Donations less than £5,000||**50,115**|
||||``|
||Total||**121,215**|
||||``|
|**9.**|**AUDITORS REMUNERATION**|||
|||**2023**|2022|
|||**£**|£|
||Fees payable for the audit of the financial statements|**–**|3,000|
|||``|``|
|**10.**|**INDEPENDENT EXAMINATION FEES**|||
|||**2023**|2022|
|||**£**|£|
||Fees payable to the independent examiner for:|||
||Independent examination of the financial statements|**1,500**
``|–
``|
## **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.
**- 10 -**
## **WESTLEAGUE LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 MARCH 2023**
## **12. TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**||
|---|---|
||**Land and**|
||**buildings**|
||**£**|
|**Cost**||
|**At 1 April 2022 and 31 March 2023**|**280,000**|
||``|
|**Depreciation**||
|**At 1 April 2022 and 31 March 2023**|**–**|
||``|
|**Carrying amount**||
|**At 31 March 2023**|**280,000**|
||``|
|At 31 March 2022|280,000|
||``|
## **13. INVESTMENTS**
|**INVESTMENTS**||||
|---|---|---|---|
||Cash or cash|Other||
||equivalents|investments|**Total**|
||£|£|**£**|
|**Cost or valuation**||||
|At 1 April 2022|–|1,000,000|**1,000,000**|
|Additions|500,000|–|**500,000**|
||``|``|``|
|**At 31 March 2023**|500,000|1,000,000|**1,500,000**|
||``|``|``|
|**Impairment**||||
|**At 1 April 2022 and 31 March 2023**||–|**–**|
|||``|``|
|**Carrying amount**||||
|**At 31 March 2023**|500,000|1,000,000|**1,500,000**|
||``|``|``|
|At 31 March 2022|–|1,000,000|1,000,000|
||``|``|``|
All investments shown above are held at valuation.
The fair value at 31 March 2023 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 (2022: £3,900).
## **14. DEBTORS**
|**DEBTORS**|||
|---|---|---|
||**2023**|2022|
||**£**|£|
|Trade debtors|**1,409**|–|
||``|``|
**- 11 -**
## **WESTLEAGUE LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 MARCH 2023**
## **15. CREDITORS: amounts falling due within one year**
||**2023**|2022|
|---|---|---|
||**£**|£|
|Accruals and deferred income|**1,500**|3,000|
|Other creditors|**8,470**|8,470|
||``|``|
||**9,970**
``|11,470
``|
## **16. ANALYSIS OF CHARITABLE FUNDS**
## **Unrestricted funds**
|**Unrestricted funds**|||||
|---|---|---|---|---|
||At|||**At**|
||1 April|||**31 March**|
||2022|Income|Expenditure|**2023**|
||£|£|£|**£**|
|General funds|2,350,954|464,558|(122,157)|**2,693,355**|
||``|``|``|``|
||At|||At|
||1 April|||31 March|
||2021|Income|Expenditure|2022|
||£|£|£|£|
|General funds|1,387,109
``|1,103,249
``|(139,404)
``|2,350,954
``|
## **17. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2023**|
||£|**£**|
|Tangible fixed assets|280,000|**280,000**|
|Investments|1,500,000|**1,500,000**|
|Current assets|923,325|**923,325**|
|Creditors less than 1 year|(9,970)|**(9,970)**|
||``|``|
|**Net assets**|2,693,355|**2,693,355**|
||``|``|
||Unrestricted|Total Funds|
||Funds|2022|
||£|£|
|Tangible fixed assets|280,000|280,000|
|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**|2,350,954|2,350,954|
||``|``|
**- 12 -**
**WESTLEAGUE LIMITED**
## **COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_
## **YEAR ENDED 31 MARCH 2023**
## **18. RELATED PARTIES**
Donations received of £445,058 (2022: £1,082,120) were from companies which have directors in common with the trustees of the charity.
Included in other creditors is an amount of £8,470 (2022: £8,470) due to a company connected with the directors and shareholders. The amount is interest-free and repayable on demand.
**- 13 -**