DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 **COMPANY REGISTRATION NUMBER: 02325091 CHARITY REGISTRATION NUMBER: 802589** ## **Goodheights Limited** ## **Company Limited by Guarantee** ## **Unaudited Financial Statements** **For the year ended** **31 March 2023** **COHEN ARNOLD** Chartered Accountant New Burlington House 1075 Finchley Road London NW11 0PU DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 ## **Goodheights 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|**4**| |Statement of financial activities (including income and expenditure|| |account)|**5**| |Statement of financial position|**6**| |Notes to the financial statements|**7**| DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 ## **Goodheights 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** Goodheights Limited **Charity registration number** 802589 **Company registration number** 02325091 **Principal office and registered** 27 Yew Tree Court **office** London NW11 0RA **The trustees** Mr D J A Ost Mr J A Ost Mrs L Ost Mrs T Ost **Company secretary** Mrs T Ost **Independent examiner** Asher Sternlicht FCA Cohen Arnold New Burlington House 1075 Finchley Road London NW11 0PU ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Structure** The charity is an incorporated entity limited by guarantee and established on 5th December 1988. ## **Governance and management** The Articles of association provide for a minimum of three and a maximum of ten trustees. Were there a requirement for new trustees, these would be identified and appointed by the remaining trustees. ## **Risk management** The trustees annually review the risks that the charity faces. To date these have mainly related to investment management and risks associated with making grants to bona fide institutions, and are satisfied that the systems are in place to manage those risks. **- 1 -** DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 ## **Goodheights Limited** ## **Company Limited by Guarantee** **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ **Year ended 31 March 2023** ## **OBJECTIVES AND ACTIVITIES** ## **Charitable objects** The company is established to further those purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may determine and in particular, but not exclusively, the advancement of education, the relief of poverty and sickness, the relief of poverty and the advancement of the Jewish religion. The company receives voluntary donations, which it utilises in the provision and distribution of grants and donations to organisations and institutions advancing the objects of the charity. The charity's principal activity throughout the year was the provision and distribution of donations and grants to those causes that fall within the objectives of the charities. No change is envisaged in the immediate future. The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning its future activities. ## **Grant making policy** Grants are made to charitable institutions and organisations which accord with the objects of the charity. The trustees are approached for donations by a wide variety of charitable institutions operating all over England. The trustees consider all requests which they receive and make donations based on the level of funds available. ## **ACHIEVEMENTS AND PERFORMANCE** During the year the charity continued its philanthropic activities and its support of charitable with grants and donations totalling £40,510. ## **FINANCIAL REVIEW** The trustees consider the position of the charity to be satisfactory. The charity's financial statements show a net deficit of £16,491 (2022: surplus of £8,331) and total deficit in reserves of £62,334 (2022: £45,843). Voluntary income during the year amounted to £28,000. Total resources expended were £44,491. The financial results of the charity's activities for the period to 31 March 2023 are fully reflected in the attached financial statements together with the notes thereon. ## **Reserves policy** The charity attempts to maintain sufficient reserves to meet the ever increasing demands on its funds from various charitable organisations. ## **PLANS FOR FUTURE PERIODS** The charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory incoming resources. **- 2 -** DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 ## **Goodheights Limited** ## **Company Limited by Guarantee** **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ **Year ended 31 March 2023** ## **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 30 January 2024 and signed on behalf of the board of trustees by: Mr D J A Ost Trustee **- 3 -** DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 ## **Goodheights Limited** ## **Company Limited by Guarantee** ## **Independent Examiner's Report to the Trustees of Goodheights Limited** ## **Year ended 31 March 2023** I report to the trustees on my examination of the financial statements of Goodheights 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 Companies Act 2006 ('the 2006 Act’). 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 as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **INDEPENDENT EXAMINER'S STATEMENT** 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; or 2. the financial statements do not accord with those records; 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). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Asher Sternlicht FCA Cohen Arnold Independent Examiner New Burlington House 1075 Finchley Road London NW11 0PU 30 January 2024 **- 4 -** DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 ## **Goodheights Limited** ## **Company Limited by Guarantee** ## **Statement of Financial Activities (including income and expenditure account)** ## **Year ended 31 March 2023** |||||Period from| |---|---|---|---|---| |||||1 Aug 21 to| |||**Year to** **31 Mar 23**||31 Mar 22| |||Unrestricted||| |||funds|**Total funds**|Total funds| ||**Note**|**£**|**£**|£| |**Income and endowments**||||| |Donations and legacies|**5**|28,000|**28,000**|15,000| |||-------------------------------|-------------------------------|-------------------------------| |**Total income**||28,000|**28,000**|15,000| |||===============================|===============================|===============================| |**Expenditure**||||| |Expenditure on charitable activities||(44,491)|**(44,491)**|(6,669)| |||-------------------------------|-------------------------------|-------------------------------| |**Total expenditure**||(44,491)|**(44,491)**|(6,669)| |||===============================|===============================|===============================| |||-------------------------------|-------------------------------|-------------------------------| |**Net (expenditure)/income and net movement in funds**||(16,491)|**(16,491)**|8,331| |||===============================|===============================|===============================| |**Reconciliation of funds**||||| |Total funds brought forward||(45,843)|**(45,843)**|(54,174)| |||-------------------------------|-------------------------------|-------------------------------| |**Total funds carried forward**||(62,334)|**(62,334)**|(45,843)| |||===============================|===============================|===============================| 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 10 form part of these financial statements.** **- 5 -** DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 ## **Goodheights Limited** ## **Company Limited by Guarantee** ## **Statement of Financial Position** ## **31 March 2023** |||**2023**||2022|| |---|---|---|---|---|---| ||**Note**|**£**|**£**|£|£| |**Current assets**|||||| |Debtors|**9**|**1,983**||1,983|| |Cash at bank and in hand||**612**||13,091|| |||--------------------------||-------------------------------|| |||**2,595**||15,074|| |**Creditors: amounts falling due**|||||| |**within one year**|**10**|**(30,670)**||(21,103)|| |||-------------------------------||-------------------------------|| |**Net current liabilities**|||**(28,075)**||(6,029)| ||||-------------------------------||--------------------------| |**Total assets less current liabilities**|||**(28,075)**||(6,029)| |**Creditors: amounts falling due after**|||||| |**more than one year**|**11**||**(34,259)**||(39,814)| ||||-------------------------------||-------------------------------| |**Net liabilities**|||**(62,334)**||(45,843)| ||||===============================||===============================| |**Funds of the charity**|||||| |Unrestricted funds|||**(62,334)**||(45,843)| ||||-------------------------------||-------------------------------| |**Total charity funds**|**12**||**(62,334)**||(45,843)| ||||===============================||===============================| 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: - The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 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 30 Jan 24, and are signed on behalf of the board by: Mr D J A Ost Trustee **The notes on pages 7 to 10 form part of these financial statements.** **- 6 -** DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 **Goodheights 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 and Wales. The address of the registered office is 27 Yew Tree Court, London, NW11 0RA. ## **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 and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management 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 that are believed to be reasonable under the circumstances. ## **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. ## **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. **- 7 -** DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 ## **Goodheights Limited Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **3. Accounting policies** _**(continued)**_ ## **Incoming resources** _**(continued)**_ Income from donations or grants is recognised when there is evidence of unconditional entitlement to the gift, receipt is probable and its amount can be measured reliably. Donations represent voluntary amounts received during the year. ## **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. ## **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. Debt instruments are subsequently measured at amortised cost. ## **4. Limited by guarantee** Goodheights Ltd is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. ## **5. Donations and legacies** ||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |---|---|---|---|---| ||Funds|**2023**|Funds|2022| ||£|**£**|£|£| |**Donations**||||| |Donations|28,000|**28,000**|15,000|15,000| ||===============================|===============================|===============================|===============================| Donations received includes £28,000 received from companies connected with the trustees. No conditions were attached to any of the donations. **- 8 -** DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 ## **Goodheights Limited** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **6. Analysis of grants** |**Analysis of grants**|| |---|---| ||**Year to**| ||**31 Mar 23**| ||**£**| |**Grants to institutions**|| |The Grosvenor Foundation Limited|**17,500**| |The TMC Trust Limited|**3,200**| |One Heart - Lev Echod|**3,000**| |Friends of Bobov|**3,000**| |Tchabe Kollel Limited|**3,000**| |N.R.S.T.|**3,000**| |Other grants below £3,000|**7,810**| ||-------------------------------| |Total grants|**40,510**| ||===============================| Grants were made to institutions in the field of religion, education, and the relief of poverty. ## **7. Independent examination fees** |**Independent examination fees**|||| |---|---|---|---| |||Period from|| ||**Year to**|1 Aug 21|to| ||**31 Mar 23**|31 Mar|22| ||**£**|£|| |Fees payable to the independent examiner for:|||| |Independent examination of the financial statements|**1,650**||–| ||==========================|================|| ## **8. Trustee remuneration and expenses** No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. ## **9. Debtors** |**Debtors**||| |---|---|---| ||**2023**|2022| ||**£**|£| |Other debtors|**1,983**|1,983| ||==========================|==========================| |**Creditors:** **amounts falling due within one year**||| ||**2023**|2022| ||**£**|£| |Bank loans and overdrafts|**5,556**|5,556| |Accruals and deferred income|**3,390**|3,703| |Other creditors|**21,724**|11,844| ||-------------------------------|-------------------------------| ||**30,670**|21,103| ||===============================|===============================| ## **10. Creditors: amounts falling due within one year** **- 9 -** DocuSign Envelope ID: DDD74A4D-A942-4312-804B-6DE969575948 ## **Goodheights Limited** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2023** ## **11. Creditors: amounts falling due after more than one year** |||||**2023**|
2022| |---|---|---|---|---|---| |||||**£**|£| ||Bank loans and overdrafts|||**34,259**|39,814| |||||===============================|===============================| |**12.**|**Analysis of charitable funds**||||| ||**Unrestricted funds**||||| |||At 1 April|||**At 31 March**| |||2022|Income|Expenditure|**2023**| |||£|£|£|**£**| ||General funds|(45,843)|28,000|(44,491)|
**(62,334)**| |||===============================|===============================|===============================|===============================| |||At 1 August|||At 31 March| |||2021|Income|Expenditure|2022| |||£|£|£|£| ||General funds|(54,174)|15,000|(6,669)|
(45,843)| |||===============================|===============================|==========================|===============================| |**13.**|**Analysis of net assets between funds**||||| |||||Unrestricted|**Total Funds**| |||||Funds|**2023**| |||||£|**£**| ||Current assets|||2,595|**2,595**| ||Creditors less than 1 year|||(30,670)|
**(30,670)**| ||Creditors greater than 1 year|||(34,259)|
**(34,259)**| |||||-------------------------------|-------------------------------| ||**Net liabilities**|||(62,334)|
**(62,334)**| |||||===============================|===============================| |||||Unrestricted|Total Funds| |||||Funds|2022| |||||£|£| ||Current assets|||15,074|15,074| ||Creditors less than 1 year|||(21,103)|
(21,103)| ||Creditors greater than 1 year|||(39,814)|
(39,814)| |||||-------------------------------|-------------------------------| ||**Net liabilities**|||(45,843)|
(45,843)| |||||===============================|===============================| ## **14. Related parties** Other creditors falling due within one year represents amounts aggregating £21,724 due to companies where the trustees of this charity are directors. Additional related party information is included in note 5. **- 10 -**