DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
COMPANY REGISTRATION NUMBER: 2393178
CHARITY REGISTRATION NUMBER: 803218
Dalaville Limited
Company Limited by Guarantee
Unaudited Financial Statements
For the year ended
31 March 2021
DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee Financial Statements
Year ended 31 March 2021
| Pages | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 to 3 |
| 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 to 11 |
DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2021
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 2021.
Reference and administrative details
Registered charity name Dalaville Limited Charity registration number 803218 Company registration number 2393178 Principal office 65 Cranbourne Gardens London NW11 0JB Registered office New Burlington House 1075 Finchley Road London NW11 0PU The trustees Mr M B Brenig Mrs R Brenig Company secretary Mr M B Brenig Independent examiner Mr Moshe Broner-Cohen New Burlington House 1075 Finchley Road LONDON NW11 0PU
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DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2021
Structure, governance and management
Governing Document
Dalaville Limited is a company limited by guarantee governed by its Memorandum and Articles of Association.
Organisation
The Charity is administered by the governors who are the trustees. Every governor/trustee holds office until he/she shall die or shall cease to hold office by virtue of the Articles of Association.
The day-to-day affairs of the Company are administered by the Governors (Trustees) whose Chairman is Mr M B Brenig.
Where there is a requirement for new trustees, these would be identified and appointed by the existing trustees. The chairman of the trustees would be responsible for the induction of any new trustee, which involves awareness of a trustee's responsibilities, the governing document, administrative procedures, and the history and philosophical approach of the charity. A new trustee would receive copies of the previous year's annual report and accounts, with detailed explanation thereof.
All Trustees give their time voluntarily and no benefit or expenses were paid to them in the year.
Risk Management
The trustees have identified and reviewed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that 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 managed.
Objectives and activities
The Company is established to for:
1) The advancement of religion in accordance with the Orthodox Jewish Faith.
2) The relief of poverty.
3) For such purposes recognised as charitable by English Law as charitable and in furtherance of the aforementioned objects.
To achieve these objects, the Company utilises its income to make grants and donations.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
During the year the Company continued to pursue its philanthropic objects in support of educational, religious and other Charitable Organisations which was in accordance with the guidance of the Charity Commission relating to Public Benefit.
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DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2021
Financial review
Income from donations aggregated £138,223. Total resources expended were £103,588 resulting in net income of £34,635.
The financial results of the Charity's activities for the year to 31 March 2021 are fully reflected in the attached Financial Statements together with the Notes thereon.
The trustees' annual report and the strategic report were approved on 24 January 2022 and signed on behalf of the board of trustees by:
Mr M B Brenig Trustee
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DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Dalaville Limited
Year ended 31 March 2021
I report to the trustees on my examination of the financial statements of Dalaville Limited ('the charity') for the year ended 31 March 2021.
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:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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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
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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.
Moshe Broner-Cohen FCA _______ Independent Examiner Date
New Burlington House 1075 Finchley Road LONDON NW11 0PU
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DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2021
| 2021 | 2021 | 2020 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 138,223 | 138,223 | 66,057 |
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| Total income | 138,223 | 138,223 | 66,057 | |
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| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | (103,588) | (103,588) | (143,508) |
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| Total expenditure | (103,588) | (103,588) | (143,508) | |
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| Net income/(expenditure) and net movement in funds | 34,635 | 34,635 | (77,451) | |
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| Reconciliation of funds | ||||
| Total funds brought forward | (77,926) | (77,926) | (475) | |
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| Total funds carried forward | (43,291) | (43,291) | (77,926) | |
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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 11 form part of these financial statements.
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DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Current assets | |||||
| Cash at bank and in hand | 41,593 | 6,678 | |||
| Creditors: amounts falling due | |||||
| within one year | 11 | (84,884) | (84,604) | ||
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| Net current liabilities | (43,291) | (77,926) | |||
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| Total assets less current liabilities | (43,291) | (77,926) | |||
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| Net liabilities | (43,291) | (77,926) | |||
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| Funds of the charity | |||||
| Unrestricted funds | (43,291) | (77,926) | |||
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| Total charity funds | 12 | (43,291) | (77,926) | ||
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For the year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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;
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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 24 January 2022, and are signed on behalf of the board by:
Mr M B Brenig Trustee
The notes on pages 7 to 11 form part of these financial statements.
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DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2021
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 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 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
The financial statements have been prepared on the going concern basis notwithstanding the Charity's net current liabilities. The Trustees consider this to be appropriate given the continued support of the charity's Trustee and main creditor. As such the Trustees believe it is appropriate to prepare the financial statements on a going concern basis because the charity is in a position to meet all of its obligations for the foreseeable future.
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.
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DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
3. Accounting policies (continued)
Incoming resources
All incoming resources are 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. The following specific policies are applied to particular categories of income:
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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.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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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.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
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.
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DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
5. Donations and legacies
| 5. | Donations and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations Received | 138,223 | 138,223 | 66,057 | 66,057 | |
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| 6. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Donations Paid | 100,104 | 100,104 | 139,083 | 139,083 | |
| Support costs | 3,484 | 3,484 | 4,425 | 4,425 | |
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| 103,588 | 103,588 | 143,508 | 143,508 | ||
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| 7. | Expenditure on charitable activities by activity type | ||||
| Grant funding | Total funds | Total fund | |||
| of activities | Support costs | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Donations Paid | 100,104 | – | 100,104 | 139,083 | |
| Governance costs | – | 3,484 | 3,484 | 4,425 | |
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| 100,104 | 3,484 | 103,588 | 143,508 | ||
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| 8. | Analysis of grants | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Grants to institutions | |||||
| Chabad Lubavitch Latvia | 10,000 | – | |||
| Hafatsat Or Hashabbat | 37,150 | 52,836 | |||
| Masim Tovim | – | 10,800 | |||
| Yeshivas Nefesh Dovid | – | 9,000 | |||
| Friends of Boyan trust | 3,000 | 6,400 | |||
| B H Gur Limited | 1,300 | 5,600 | |||
| Friends of Chortkov | – | 36,000 | |||
| Other grants <£5,000 | 13,497 | 18,447 | |||
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| 64,947 | 139,083 | ||||
| Grants to individuals | |||||
| Grants to individuals | 35,157 | – | |||
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| Total grants | 100,104 |
139,083 |
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DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
8. Analysis of grants (continued)
All donations were made to charities whose objectives are in line with the objectives of the charity.
9. Independent examination fees
| Independent examination fees | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 3,180 | 4,160 |
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10. Trustee remuneration and expenses
The charity has no staff other than the trustees all of whom give freely of their time and expertise without any form of remuneration or other benefit in cash or kind (2020: £nil). The charity did not meet any expenses (2020: £nil) incurred by the trustees for services provided to the charity.
11. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Accruals and deferred income | 3,460 | 3,180 |
| Other creditors | 81,424 | 81,424 |
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| 84,884 | 84,604 | |
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12. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 | April 2020 | Income | Expenditure | 31 March 2021 | |
| £ | £ | £ | £ | ||
| General funds | (77,926) | 138,223 | (103,588) | (43,291) | |
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| At | At | ||||
| 1 | April 2019 | Income | Expenditure | 31 March 2020 | |
| £ | £ | £ | £ | ||
| General funds | (475) | 66,057 | (143,508) | (77,926) | |
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DocuSign Envelope ID: 98CEE062-B673-4430-A224-4FF79CC4EA69
Dalaville Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2021
13. Analysis of net assets between funds
| Analysis of net assets between funds | ||
|---|---|---|
| Unrestricted | Total Funds | |
| Funds | 2021 | |
| £ | £ | |
| Current assets | 41,593 | 41,593 |
| Creditors less than 1 year | (84,884) | (84,884) |
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| Net liabilities | (43,291) | (43,291) |
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| Unrestricted | Total Funds | |
| Funds | 2020 | |
| £ | £ | |
| Current assets | 6,678 | 6,678 |
| Creditors less than 1 year | (84,604) | (84,604) |
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| Net liabilities | (77,926) |
(77,926) |
14. Related parties
Included in other creditors is an amount of £81,424 (2020: £81,424) owed to one of the trustees of the charity. The loan is interest free and is effectively repayable on demand.
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