TIIORNBtRCH LIMITED LIMITED BY GUARANTEE Company No: 1828560 ch[ty No.. 292991 FIIYANCIAL STATEMENTS for the year ended 31 MARCH 2025 COHEN ARNOLD CHARTERED ACCOUNTANTS LONDON NWI I OPU
THORNBIRCH LIMITED LIMITED BY GUARANTEE INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Reference and Adtninistrative Infomiation Trustees Report Independent Examiner's lieport Ststement of Financial Activities (in¢orporatin8 the Income and Expertdlre Account) Balance Sheet Statement of Cash Flows 8- 11 Nofrs to the Financial Ststements
THORNBIRCH LIMITED LIMITED BY GUARANTEE REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 GOVERNORS (TRUSTEES): Mr E Englander {Ch8im)an) Mr J S Englander Mrs B Englander PRINCIPAL ADDRESS; 129 Stamford Hill London N165TW REGISTERED OFFICE: New Burlington Hous¢ 1075 Finchley Road London NWI I OPU INDEPENDENT EXAMINER: Asher Sternlicht FCA Coh¢n Arnold New Burlington House 1075 Finchley Road London NWI I OPU PRINCIPAL BANKERS: Barclays Bank PIC COMPANY NUMBER: 1828560 CHARITY NUMBER: 292991
THORNBIRCH LIMrrED LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IIIARCH 2025 The Trustee4 who are also Directors for the pUoSe% of Company Law, have pleasure in presenting their Annual Report and ih¢ Financial Statements of the Charity for the year ended 31 March 2025. REFERENCE AND ADMIMSTRATIVE INFORMATION Reference and Administrative Infomiation of the Company is shown on Page l of the Financial Statements and fornis part of this report. STRUCTiJRE, GOVERNANCE ALYD MANAGEKENT Governing Doeumenl Thombirch Limited is a Company limited by guarantee governed by its Memorandum and Articles of Association. Organl&ation The Charity is administered by the Govvnors who are the Trustees. Every Trustee holds office until helshe shall die or shall cease to hold orrice by virtue of the Arti¢l¢s of Association. The day-to-day affairs of the Company are administed by the Trustees whose Chairnian is Mr E Englander. Where there is a r¢quirement for new Trustee4 these would be identified and appointed by the r¢maining Trustees. The Chaiman of the Trustees would be respoiisible for the induction of any new Trustee, which involves awareness of a Trustee's responsibilities, the governing documenl. administrnlive procedure4 Ihe history and philosophical approach of the Charity. A new Trustee wi)uld receive copies of the previous year's annual rep)rt and accounts with detailed explanation thetEof. All Trustees give their time voluntarily and no benefit or expen5¢s were paid to them in the year. OBJECTIVES AND ACTIVITIES FOR THE BENEFIT OF THE PUBLIC The Charities objectiv¢s. a5 defined in its governing documenL are the advancement of religion in accordance with the orthodox Jewish faith, the relief of poverty and such othcr purposes as are recognised by English Law as charitable. To achieve these objects, the Company utilis¢s its incoine to Inake granls and donations. The Trustees confirn) their compliance with the duty to have due regard to the public benefit guidan published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities. Grani Making Policy The Trustees are approached for donations by a wide variety of charitable institutions op¢rating in the United Kingdom and abroad. The Trustees consider all request5 which they receive and make donations based on the lev¢[ of funds available. ACHIEVEMEiYfs AND PERFORLWIANCE During the year the Company 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 r¢latin8 to Public Benefit. The financial results of the Company for the year ended 31 March 2025 are fully reflected in the attached Financial Statements together with the Notes thereoii. Grants and don&tions in the year tot&lled £611,850 (2024: £800,000).
THORNBIRCH LIMITED LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 202S FINANCIAL REVIEW Firtanciul Poslilon The financial position of the Charity is satisfactory. Income from donations and investments aggregated £614,000. Total resou¢$ expended were £616232 resuliing in a net deficit of £2,232 for the year and total reserves of £14.412 (deficit) (2024 - £12,180 (deficil)). Reserves Policy The Reserves Policy of the Trustees is to maintain unrestricted funds, which are tlie free reserves of the Charity, al a level they consider appropriate to the Charity's needs taking inlo account likely future requirements. Prlnelpal Uncerlainlies andRlsk Managemenl The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those related lo the operations and finance of the Company and are satisfied thal systems are in pl¢ to manage ihose risks. It is recognised that systems can only provide re&40nable but not absolute assurance that major risks hav¢ b¢en adequately managed. Prlncipalfundlng sources Th¢ charitable company's princip81 funding sources were donations r¢¢¢ived from related Companies PLANS FOR FufuRE PERIODS Th¢ Trustees plan lo continue making distributions in accordance with their grnnt-making policy and to ensure Ihat the ability to generate sufficient income is maintllined lo achieve that end. SMALL COMPANY PROVISIONS This report has been prepared in a¢¢ordance with the provisions applicable to companies entiiled to the small companies, exemption. Approved by the Trustees on , including in iheir capacity as Company Direclors. By Order of the Trustees Mr E Engl4n - (Trustee)
THORNBIRCH LIMITED LIMITED BY GUARAIYTEE INDEPENDENT EXAMINER'S REPORT TO THE GOVERNORS OF THOIiNBtRCH LIMII'ED YEAR ENDED 31 MARCH 2025 RUSTEES I report to the trustees on my examinalion of the financial statements of Thornbirch Limited ('the charity,) for the year ended 31 Much 2025. RESPONSIBILITIES AND BASIS OF REPORT As ihe trnstees of the company {and also its directors for the purpK)ses of company law) you are resp)nsible for the preparation of the financial statements in accordance with the requitEmenls of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that th¢ accounts of the company are not required to b¢ audited under Part 16 of the 2006 A¢1 and are eligible for independent exatnination. I report in respecl of my examination of the charity's accounts as carried out under s¢¢tion 145 of the Charities ACÉ 2011 ('th¢ 201 l Act,). In canying out my examination I hav¢ followcd the Direclions given by the Charity ComTnission under Section 145(5)(b) of the 2011 Act. KNDEPENDENT EXAMINER'S STATEMENT Since the charity's gross income exceeded £250,000 your wminer must be a member of a body listed in section 145 of the 2011 Act. I confimj that l am qualified to undertake the examination b¢c&use l am a member of th¢ Instilute of Chartered Accountants in England and Wales (ICAEW). which is one of the listed bodies. I have completed my exainination. I confirni that no matters have come to my attention in conn¢ction with the examinAtion giving me cause to beli¢ve: accounting records were not kept in respect of the charity as required by section 386 of lh¢ 2006 the financial ststemonts do not accord with tliose records. or the financial statements do not comply wilh 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 consider¢d as part of an independent examination. or the financial st&tements have not been prepared in accordance with the methcds and principles of the Statement of Recommended Practice for Accounting and reporting by charities applicable to charities preparing their accounts in &¢cordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102). have no concerns and have come Across no other matters in connection with the examination to which attention should be drawn in this r¢port in order to enable a proper understanding of the accounts to be reached. Asher ternlicht FCA Independent Examiner Cohen Arnold New Burlington House 1075 Finchley Road London NWI I OPU Date.. .Iq 2026
THORNBIRCH L[mED LIMITED BY GUARANTEE STATEMENf OF FINANCIAL ACTIVITIES INCORPORA TtNG THE INCOME & EXPENDITURE ACCOUNT R THE YEAR ENDED 31 MARCH 2025 2025 2024 Unrestricted Funds Unrestricted Fund Notes INCOME AND ENDOWMENTS Don&tions and Legacies Investment Income 614.Th)0 800.000 155 Total Income 614,000 800.155 EXPF,NDEI'URE Expenditure on Charitable Activities 616332 804.090 Total Expendlture (616232) (804.090) NET EXPENDII'URE AND NET MOVEMENT FUNDS {2,232) (3,935) RecoD¢lllation of fund8 Total Funds Brought FoThv8rd (12,180) (8,245) TOTAL FUNDS CARRIED FORWARD £(14,412) q12,180) The stalement of financial activities in¢ludes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to I I forni part of these Finan¢i&l Ststemeftts.
THORNBIRCH LIMITED LIMITED BY GUAIi4NTEE BALANCE SHEET AS AT 31 MARCH 2025 Company No." J8285&) 2025 2024 Notes Ci)RRENf ASSETS Cash at Bank 2,474 1,076 CREDITORS: Amounts falling due within one year (16,886) (13,256) NET LIABILITIES £(14,412) £(12,180) FUNDS OF THE CHAR¥ Unr¢stricted funds (14,412) (12,180) TOTAL CHAIUTY FUNDS £114,412) £(12,180) For the year ended 31 March 2025 th¢ Company was entitled to exemplion from 8udil under Section 477 of the Cornp8nies Act 2006 relating to small companies. Trustees, SponSIbL11t1es. The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with Section 476. and The Trustees acknowledg¢ their responsibilities for complying with the requirements of th¢ Act with r¢5pect to accounling records and the prepardtion of accounts. These CoUnts have been prepared in accordance with the provisions applicable to companies subj¢Gt to the small companies, regime. These financial statements were approved by the Trnslees and authorised for issu¢ on and are signed on iheir behalf by: MR E ENGLANDER TRUSTEE The not¢s on pages 8 to I I forni part of these Financial Stst¢ments.
THORNBIRCH LIMITED LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR 31 MARCH 2025 202 2024 Net expenditure for the year (2232) {3,935) Adjustments for: Interest received Increase in creditors (155) 3ffj30 Net Ch used in operating actlvltles lJ98 {4,OOib) Cash flows from investlng activitiej: Interesl received 135 Net elsh provided by InVestig ac¢ivltieJ 155 ChADge In cojh 4lld equivAlent8 In the year lJ98 (3045) Cash and cash equivalents at the beginning of the y¢ar 1,076 4,921 CA8h aDd h equlvaltnts at the end of the yef4r 2,474 1,076
THORNBlliCH LIMITED LIMITED BY GUARANTEE NOTES TO THE FENANCIAL STATEMENr FOR THE YEAR ENDED 31 MARCH 2025 GENERAL INFORMATION The charity is a private wmpany limited by guaranlee. registered in England and Wales and a registered chlty in England and Wales. The address of the principal office is 129 Stamford Hill, London N16 5TW. STATEMENT OF COMPLIANCE These financial statetnents have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in ihe UK and the Republic of Ireland,. the Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with ihe Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and th¢ Charities Act 2011. ACCOUNTllYG POLICIES The followin8 accounting policics have been used consistently in the preparation of the Financial Statements. Basis of Ydccounting The financial stat¢m¢nts have been prepared on the historical cost basis. as modified by the revaluation of certAin financial assets and liabilities and measured at fair value through income or expenditure. The financial statemenis are prepared in sterling, which is the functional currency of the entity. Judgements and key yourees of egtlmatlOD UDeertalnty The preparation of the financial statements requires mana8ement to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events thal ar¢ believed to be reasonable under the ¢iuMStanceS. Fund Aecountlng Unrestricted funds are available for use at the discretion of the tnjstees to further any of the charity's purposes. Designated funds are unrestricted funds eam)arked by the trustees for particular future project or commitment. Restricted funds 8re subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of hyo sub-classes.. restricted income funds or endowment funds. Incoming resources All incoming resources are included in the slal¢ment of financial activitie5 when entitlem¢nt 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. In¢ome from donations or grants is recognised wh¢n there 15 evidence of entitlement to the gill receipt is probable and its amount can be measured reliably. Don&tions represent voluntary amounts receivable during the year. Investment Income is included in the accounts when receivable.
THORNBIRCH LIMITED LIMITED BY GUARANTEE NOTES TO THE FtNANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (Cortlnthed) Resources expended Expenditure is recognised as soon as there is a present obli8Btion committing the Charity lo pay out resources. il is probable that a transfer of economic ben¢fits will be required in settlement and the amount Can be measured or estimated reliably. ChaTltable Aclivities Grants are chargd in the period in which paid. they comprise donations to third-party institutions in accordance with the charitable objects of the charity and ils public benefit objectives. Support eosts Support costs are those ¢051s which are Common to all areas of the organi58tion. These are allocated across all areas of activity on the basis of the number of s¢rvice users for each activity. Governance costs Governance costs are associated with the governance arrangements of the charity and relate to Ihe general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and slatutory requirements such as the cosl of Trustee meetings and the pr¢par&tion of the statulory accounts. Taxation The Charity is noi liable to direct taxation (corporation tsx) on its income as it falls within the various exeinptions available to registered Charities. FinaD¢Ig1 instruments A financial asset or a financial liability is recognis¢d only when the entity becomes a party to the ¢ontr8¢tual provisions of the instrument. Basic financial instruments are initially recognised tt the amount re¢eivable or payable includin8 any related lrnnsaclion costs, unless the aThangemenl constitutes a finYAncin8 transaction, where it is recognised at the present value of Ihe future payments discounted at a market rat¢ of interest for a similar debt instrument. Cuffent assets and current liabilities are subsequently measured at the cash or other consideration ¢xpected to be paid or received and not discounted. Debt instruments llre subsequently m¢asured at amortised cost. DONATIONS AND LEGACIES 2025 2024 General Donations £614,(N)O £800.000
THORL¥4BIRCH LLVIITED LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF EXPENDITURE CHARITABLE ACTtVlTIES 2025 2024 Grant Funding Activities (Institutions) Support and Governance Costs (Note 6) 611,850 4.382 800.000 4.090 £616332 £804,090 All grants paid relate to advancement of the Jewish Religion and relief of poverty. An analysis of grants paid is attached to these Financial Stat¢m¢nts. SUPPORT AND GOVERNANCE COSTS 025 2024 Independent Examiner's Remuneration Bank Charges and interest and sundry exp¢nses 3ffj30 732 3,720 370 £4J82 £4,090 STAFF COSTS AND EMOLUMELYTS AND PARTICULARS OF EMPLOYEES No Trustees or staff have been paid any remun¢ration or received any other benefits from the charity. No staff were employed by the charity during the reporting period. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 202 Loan Creditors Sundry Creditors 9ffj28 7258 9.628 3,628 £16086 £13.256 io
THORNBIRCH LIMITED LIMITED BY GUA114NTEE NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 UNRESTRICTED FUNDS Charitthble Funds Balance at l April 2024 Net deficit for the Y¢ar (12,180) (2232) Balance at 31 Mah 2025 £(14,412) io. RELATED PARTY TRANSACTIONS There have been no related party transactions in the reporting period that require disclosure.
THORNBIRCH LIMITED LIMITED BY GUARANTEE ANALYSIS OF GRANTS FOR THE YEAR ENDED 31 MARCH 2025 Retiplellts of Institutional GrAnts British Friend5 of Mosdos Tchernokl 14.600 OT¢hos Chassidim 12.750 Heichalei D'oraiso 570,000 Oth¢r grAnts 14,500 £611.850