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 Expertdl￿re 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 pU￿oSe% 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 administe￿d 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[m￿ED
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 C￿h used in operating actlvltles
lJ98
{4,OOib)
Cash flows from investlng activitiej:
Interesl received
135
Net elsh provided by InVesti￿g 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 ch￿lty 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 ¢i￿uMStanceS.
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 Ma￿h 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