TH()RNBIRCH LIMITED LIMITED BY GUARANTEE Company No.. 1828560 Charity No: 292991 FINANCIAL sTATEmEs for the year ended 31 MARCH 2024 COHEN ARNOLD CHARTERED ACCOLfNTANTS LONDONNWI I OPU
THORNBIRCH LIMITED LIMITED BY GUARANTEE INDEX TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Reference and Administrative Information Trustees Report Ind¢FKndent Examiner's Report Statement of Financial Adivities (incorporating the Income and EXpendire Account) Balance She¢t Siatem¢nt of Cash Flows Notes to the Financial Statements
THORNBIRCH LIMITED LIMITED BY GUARANTEE REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 GOVERNORS (TRUSTEES): Mr E Englander (Chairn)an) Mr J S England¢r Mrs B Englander PRINCIPAL ADDRESS: 129 Stamford Hill London N165TW REGISTERED OFFICE: New Burlington Hous¢ 1075 Finchley Road London NWI I OPU INDEPENDENT EXAMINER: A5her Sternlicht FCA Cohen Arnold New Burlington House 1075 Finchley Road IA)ndon NWI I OPU PRINCIPAL BANKERS: Barclays Bank PIC COMPANY NUMBER: 1828560 CHARITY NUMBER: 292991
THORNBIRCH LIMITED LIMITED BY GUAIi4NTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Truste¢s, who are also Directors for the purposes of Company Law, have pleasure in presenting their Annu81 Report and the Financial Statements of the Charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE INFORMATION Reference and Administrative Inforniation of the Company is shown on Pag¢ l of the Financial Statements and fornis part of this report. STRUCTURE, GOVERNANCE AND JL4NAGEMENT Governing Documertl Thornbirch LiTnited is a Company limited by guarantee governed by its Memorandum and Articles of Association. Or¥anisalio The Charity is administered by the Governors who are the Trustees. Every Tn]stee holds office until he/she shall die or shall cease to hold office by virtue of the Articles of Association. The day-lo-day affairs of the Company are administered by the Trustees wllose Chainnan is Mr E Englander. Where there is a requirement for new Trustees these would be identified and appointed by th¢ remaining Trustees. The Chairman of the Tnjstees would be resp)nsible for the indii¢tion of any new Trustee, which involves awareness of a Trustee's responsibilities, the governing document, administrnlive priKedures, the history and philosophical approach ofthe Charity. A new Trustee would receive copies of the previous year's annual report and accounts with dcthiled explanation thereof. All Trustees t4ive their lime voluntarily 8nd no benefil or ¢xpenses were paid to them in the year. OKTECTIVES AND ACTIVITIES FOR THE BENEFIT OF THE PUBLIC The Charities obj¢¢tives, as defined in lis governing duMent, are the advancement of religion in accordance with the orthodox Jewish faiih, the relief ofpoverty and such other purpose5 as are recognised by English Law as Gliaritable. To achieve these objects, the CompAny ulilises its income to make 8rdn and donations. The Trustees confirni their complianc¢ with the duty to have due regard to the public benefil guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities. Grant Mak¥n8 Policy The Trustees are approached for donations by a wide variety of charitable institutions operaling in the United Kingdom and abroad. The Trustee5 consider all requests which they re1ve and make donations based on the level of funds available. ACHIEVEMENTS AND PERFORMANCE During the year th¢ Company continued to pursue its philanthropic obj¢¢ts in support of educational. religious and other Charitable Organisalions which is in accordance with the guidance of th¢ Charity Commission relating to Public Benefit. The financial results of the Company for ihe year endcd 31 March 2024 are fully reflected in th¢ attached Financial Ststements together with the Notes thereon. Grants and donations in the year totall¢d £800,000 (2023.. £960,600).
THORNBIRCH LIMITED LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCtAL REVtEW Fin4MeialPosilion The financial w)sition of the Charity is salisfa¢lory. Income from donations and investments aggregated £800,155. Total resources expended were £804.090 resulting in a n¢t defi¢il of £3,935 for the year and total reserves of £12,180 (deficit) {2023- £8,245 (deficil)). Reserves Pollcy The Reserves Policy of the Trustees is to maintain unrestricted funds. which are the free reserves of the Charity. at a level they consider Appropriate to the Chariry's needs tskin8 into account likely fulur¢ requiremenls. Prlncipal Uncerlainilu andRlsk ManaRepneMI The Trustees have identified and revicwed the major risks to which the Charity is exposed, in particular those related to the operations and finance of th¢ Company and are satisfied ihat systems are in place to manage those risks. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately manag¢d. Prlnclpalfundlng sourc The charitable company's principal funding sources were donations receiv¢d from related Compani¢s PLANS FOR FUTiIRE PERIODS The Trustees plan to continu¢ making distributions in accordance with their grant-making policy and to ensure that the ability to generate sufficienl income is maintained to achi¢v¢ that end. SMALL COMPANY PROVISIONS This report has been prepared in accordance with th¢ provisions applicabl¢ lo Companies entitled io the sm811 companies, exemption. Approved by the Truste¢s on 23 sIn¢Luding in their capacity as CoMpY Director5. By Order of the Trustees Mr E Ellglander- (Trustee)
THORNBIRCH LIMITED LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE GOVF.RNORS OF THORNBIRCH LIMITED YEAR ENDED 31 MARCH 2024 TRUSTEES report to the Irustees on my examination of the financial statements of Thornbirch Limited {Ihe charity,) for the year ended 31 March 2024. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the Company (and also its directors for the pUr}SeS of cOPanY law) you are respongible for the preparation of the financial slalements in accordance with the requir¢ments of ihe Compani¢s A 2006 (Ihe 2006 Act.). Heving satisfied myself that the accounts of the compaT)y are not required to be audited under Part 16 of ihe 2006 Act and are eligible for independeni examination. I report in respect of my examination of the charity's account5 a5 carried out under section 145 of ihe Chariiies Act 2011 ('the 2011 Act,). In Carying out my exainination I have followed the Directions given by the Charity Commission under 8e¢tion 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Since ihe charity's gross income ¢x¢eeded £250,000 your examiner must be a member of a body listed in seclion 145 of the 2011 Act. I confiTTn that l am qualified to undertake the examination because l am a member of the Instituie of Chartered AountantS in England and Wales (ICAEW), wliich is one of the listed bodies. I have completed my examinBtion. I confirn) that no matters have com¢ to rny attention in connection with Ihe examination givin8 me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 the financial Statements do not accord with those records,. or the financial slatemenls do not comply with the accoiintkn8 requirement5 of section 396 of the 2006 Aci other than any requirement rhal the accounts give a 'true and fai view which is noi a matter considered part of an independent examination: or the financial statements have not been prepared in accordan¢¢ with the methods and principles of the Staternent of Recommended Practice for accounting and reporting by charities applicable io charities preparing their accounts in accordance witl) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have ¢ome across no other matters in connection with the examination to which attention should be drdwn in this report in order to enable a proper understanding of th¢ accounts io be reach Asher St¢rnlicht FCA Ind¢pendent Examiner Cohen Arnold New Burlington House 1075 Finchley Road London NWI I OPU Date..
THORNBIRCH LIMITED LIMITED BY GUARANTEE STATEMENT OF FINANCtAL ACTIVITIES INCORPORATING THE INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Unrestricted Fuod8 Unreatricted FuDds Notsj INCOME AND ENDOWMENTS Donations and Legacies Investment Income 800.000 155 975.000 83 Total Income 800,15S 975,083 EXPENDITURE Expendilure on Charitsbl¢ Activities 804,090 966,315 Total Expelldlture (804,090) (966,315) NET {EXPENDJTURE) I tNCOME AND NET MOVEMENT I1¥ FUNDS (3,935) 8,768 Reeonclliation of funds Tolal Funds Brought Fornw8rd (8245) (17,013) TOTAL FUNDS CARIUED FORWARD 12,180) £{8,245) The sl&tement of financial activities includes all gains and losses reco8nis¢d in ihe year. All in¢ome and expenditure derive from continuing activilies. The notes on pages 8 to I I form pArt of these Financial Ststements.
THORNBIRCH LIMITED LIMITED BY GUARANTEE BALANCE SHEET AS AT 31 MARCH 2024 Company No.. 18285 2024 Notes CURIiENT ASSETS Cash at Bank 1.076 4.921 CREDITORS: Amounts fallin8 due within one year (13256) (13,166) NET LiABILITIES £(12,180) £(8,245) FUNDS OF THE CHARITY Unrestricted Funds (12,180) (8,245) TOTAL CHARITY FUNDS £(12,180) £{8,245) For the year ended 31 March 2024 the Company was ¢ntitled to exemptiort from audit under Section 477 of the Companies Act 2006 relating to small companies. Truste¢s' responsibilities.. The members have not required the Company to obtain an audit of its accounls for the year in question in aeeordance with Section 476. and The TNste¢s a¢knowledge their responsibilities for complying with the requirements of the Act with respe¢t lo accounting records and the preparalion of accounls. These accounts have been prepared in accoTdance with the provisions applieable to compv4lli¢s subject to the small companies, regime. These financial 51atemenls were approved by the Trusfres and authorised for issue on i*34wAY. and are signd on tlieir behalf by., MR E ENGLANDER TRUSTEE The notes on pages 8 to I I form part of these Financial Statements.
THORNBIRCH LIMITED LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR 31 MARCH 2024 2024 2023 Net Income l {expendlture) for the year (3,935) 8,768 Adjuslments for: Interest received Increase l (Decree) in creditors (155) (83) (5,188) Net egsb used In operatlllg Activlties (4,IMMI) 3,497 Cash floivs from Investlng activi¢ie8: Interest reIved 155 Net cash provided by Investing Activities 155 Change In cash gnd cagh equivalents ill tbe year (3045) 3,580 Cash and cash equivalents V4t the beginning of the year 4,921 1,341 Cash and cash equlv8lents fdl the end of thÈ year 1,076 4,921
THORNBIRCH LIMITED LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IIIARCH 2024 GENERAL INFORMATION The charity is a private company limited by guarantee, gIStered IT] England and Wa]e8 and a registered charity in England and Wales. The address of the principal office is 129 Stamford Hill. London N16 5TW. STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and ihe Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Siandard applicable in ihe UK and Republi¢ of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. ACCOUNTING POLlCtES The following accounting poli¢ie5 have been used consistently in the preparation of the Financial Statements. Basis of accounting The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilili¢s and measured at fair value through income or expenditure. The financial 51atemenls 8r¢ prepared in sterlin8, which is the funclional currency of the entity. Judgemen¢$ aDd key sources of estlmAtlon uncertalnty The preparation of the finanoial staiements requires management lo make judgements, estimates and assumptions that aff¢¢l the hmounts reported. These estim&l¢$ and judgements are continually reviewed and are based on experien¢¢ and otlier factors, ineluding expectations of future events that are believed io be reasonable under the circumstances. Fund accounting Unrestricted fund5 are available for use at the dis¢tIOn of the trustees to further any of the charity's puryoses. Designated funds are unrestricted funds eam)arked by the trustees for particular fijture project or commitTnenl. Restricted funds are subjected lo restrictions on their expenditure declara by the donor or through the temis oran appeal and fall into one of two sub-classes.. restricted income funds or endowment funds. Ineomlng re80urres All incomin8 r¢source5 are included in the statement of financial activities when entitlement has passed to ihe charity- it is probable that th¢ e¢onomic benefits associated with the transaction will flow to the charily and the amount can be reliably measured. Income from donations or grants is recognised when ihere is evidence of entitletnent to the gift, receipt is pn)bable and its amount can be measured reliably. Donations represent voluntary amounts receivable during the year. Investment IncoTne is included in the a¢eounts when receivable.
THORNBIRCH LTMrfED LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (CoMINued) Resoyrces expended Expenditur¢ is recognised as soon as there is a present obligation committing the Charity to pay out resources. it is probabl¢ that a trdnsfer of economi¢ benefits will be required in settlem¢Dt and the amount can be measured or ¢stimated reliably. CharltAble Activitie# Grants are charged in the period in which paid. they Comprise donations to third-party institutions in accordance with the charitable objects of th¢ charity and its public benefit objectives. Support costs Support costs are those costs which are common to all ar¢8s of the organisation. These are allocated across all a&S of activity on th¢ b&sis of the number of service users for each &ctivity. Governance ¢ost8 Governance costs are associrlted with th¢ governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional And statulory requircmenls such as the cost of Trustee meetings and ih¢ pr¢paration of the statutory accounts. Tax#tloD The Charity is not liable lo direct ttiOn {¢orporation t&¥) on its irtcome Ls it falls within the various exemptions available to registered Charities. Financial instrumeots A financial asset or a financial liability is re¢o8nised only when the entity becomes a party to Ihe contractual provisions of the instrument. Basie financial instrum¢nt5 are initially recognised at the amount receivable or payable including any related trnnsaction costs. unless the arrangement constitutes a financing transaction, wliere it is gnIsed at the present valu¢ of the future payment5 discounted al 8 market rate of interest for a similar debi inslrumenl. Current assets and ¢iirr¢nl liabilities are subsequently measured the cash or other consid¢ralion expected to be paid or received and not discounted. Debt instruments are subs¢qu¢nily measured at amortised cost. DONATIONS AND LEGACtES 2024 2023 General Donations £800,th) £975,000
THORNBIRCH LIMITED LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF EXPENDITURE CHARITABLE ACTIVITIES 2024 2023 Grani Funding Activities (Institutions) Support and Governance Costs (Note 6) 81)0,000 4,09 960.600 5,715 £804,090 £966,315 All grants paid relat¢ to advancement of ihe Jewish Religion and r¢li¢f of poverty. An analysis of granls paid is attached to these Financial Statements. SUPPORT AND GOVERNANCE COSTS 2024 2023 Independent Examiner's Remuneration Bank Charges and interest and Sundry expense5 3,720 370 4,952 763 £4,090 £5,715 STAFF COSTS AND EMOLUMENTS AND PARTICULARS OF EMPLOYEES No Trustees or staff havc been paid any remuneralion or received any other benefits from the charity. No 51aff were employed by the charity during the r¢porting period. CREDITORS: AMOUNTS FALLING DUE WITHtN ONE YEAR 202 Loan Cr¢ditors Sundry Creditors 9ffi28 3,628 9,628 3.538 £13256 £13.166 io
THORI¥4BIRCH LIMITED LIMITED BY GUARANTEE NOTES TO THE FINANCIAL TATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 UNRESTRICTED FUNDS Cbarilable Funds Balance at l April 2023 Net deficit for ihe Year (8345) {3,935) Balance at 31 March 2024 £(12,180) io. RELATED PARTY TRALYSACTIONS There have been no related party transactions in the reporting period that require dis¢losure.
THORNBtRCH LIMITED LIMITED BY GUARthTEE ANALYSIS OF GRAIYTS FOR THE YEAR ENDED 31 MARCH 2024 Reelplents ofIDslllution*l Grants British Friends of M05dos Tchernobel 6,500 Al Israel Birkaio 280,000 Heich&lei D'oraiso 354,000 Lishmor Chukosov P¢¢ach Tikvll 150.(KIO Other grants 9.500 £800,000