REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2022 |
for |
42Ashbourne Limited |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2022 |
for |
42Ashbourne Limited |
42Ashbourne Limited |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Report of the Trustees | 1 | to | 2 |
Statement of Financial Activities | 3 |
Balance Sheet | 4 | to | 5 |
Notes to the Financial Statements | 6 | to | 10 |
42Ashbourne Limited (Registered number: 11101409) |
Report of the Trustees |
for the Year Ended 31 December 2022 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The charity was formed for the advancement of the education of persons expressing the orthodox Jewish Faith, the advancement of the orthodox Jewish faith, and the relief of poverty in the orthodox Jewish community. |
The charity is also actively involved in raising fund for general education, and relief of poverty. |
Significant activities |
There were no significant activities to report. |
Public benefit |
The trustee confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities. |
Volunteers |
During the year, the charity did not have volunteers to help with the objective of charity. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, the memorandum and articles of association,and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005. The company was formed on December 7, 2017. The charity is managed and controlled by the directors who are trustees, who meet regularly. |
Recruitment and appointment of new trustees |
The trustees are appointed according to the Articles of Association. |
Organisational structure |
The Directors/Trustees are members of Management Committee that has the responsibility for the administration of the charity. They appoint one of the Directors/Trustees as Chairman who heads the day to day operations of the charity. |
The Board meets on a regular basis, at least quarterly, or more if required. |
Wider network |
At present 42Ashbourne Limited does not consider itself part of wider network. |
Risk management |
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these system and procedures mitigate any perceived risks. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
42Ashbourne Limited (Registered number: 11101409) |
Report of the Trustees |
for the Year Ended 31 December 2022 |
Registered office |
Trustees |
Approved by order of the board of trustees on |
42Ashbourne Limited |
Statement of Financial Activities |
for the Year Ended 31 December 2022 |
31.12.22 | 31.12.21 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Investment income | 2 |
EXPENDITURE ON |
Charitable activities |
Charitable activities | 25,758 | 14,829 |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 10,131 |
42Ashbourne Limited (Registered number: 11101409) |
Balance Sheet |
31 December 2022 |
31.12.22 | 31.12.21 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 9 |
Unrestricted funds | 10,131 |
TOTAL FUNDS | 10,131 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
42Ashbourne Limited (Registered number: 11101409) |
Balance Sheet - continued |
31 December 2022 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
42Ashbourne Limited |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | INVESTMENT INCOME |
31.12.22 | 31.12.21 |
£ | £ |
Rents received |
42Ashbourne Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
3. | GRANTS PAYABLE |
31.12.22 | 31.12.21 |
£ | £ |
Charitable activities | 25,758 | 14,829 |
Grants payable to institutions: |
2022 |
£ |
Achisomoch Aid Company Ltd | 1,400 |
B H Gur Ltd | 6,960 |
Ichud Mosdos Gur Ltd | 1,650 |
Kupat Ezer Lenisuin Beth Yisroel | 1,800 |
Shir Chesed Beis Yisroel | 7,300 |
Yeshivas Lev Simcha Ltd | 4,355 |
Donations less than £1,000 | 2,293 |
---------------- |
25,758 |
========= |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
fund |
£ |
INCOME AND ENDOWMENTS FROM |
Investment income |
EXPENDITURE ON |
Charitable activities |
Charitable activities | 14,829 |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
42Ashbourne Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted |
fund |
£ |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 10,131 |
6. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1 January 2022 and 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Other creditors |
Accrued expenses |
9. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/1/22 | in funds | 31/12/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 10,131 | (737 | ) | 9,394 |
TOTAL FUNDS | (737 | ) | 9,394 |
42Ashbourne Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
9. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 28,320 | (29,057 | ) | (737 | ) |
TOTAL FUNDS | ( |
) | (737 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1/1/21 | in funds | 31/12/21 |
£ | £ | £ |
Unrestricted funds |
General fund | 10,330 | (199 | ) | 10,131 |
TOTAL FUNDS | 10,330 | (199 | ) | 10,131 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 27,760 | (27,959 | ) | (199 | ) |
TOTAL FUNDS | 27,760 | (27,959 | ) | (199 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/1/21 | in funds | 31/12/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 10,330 | (936 | ) | 9,394 |
TOTAL FUNDS | 10,330 | (936 | ) | 9,394 |
42Ashbourne Limited |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
9. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 56,080 | (57,016 | ) | (936 | ) |
TOTAL FUNDS | 56,080 | (57,016 | ) | (936 | ) |
10. | RELATED PARTY DISCLOSURES |