IRIS Accounts Production v23.1.5.20 Other Company accounts True false Pounds 1.1.22 31.12.22 31.12.22 FY FRS 102 Unaudited Large and medium-sized companies regime for accounts Full Charities SORP true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111014092021-12-31111014092022-12-31111014092022-01-012022-12-31111014092020-12-31111014092021-01-012021-12-31111014092021-12-3111101409ns0:CharitableCompanyLimitedByGuarantee2022-01-012022-12-3111101409ns15:PoundSterling2022-01-012022-12-3111101409ns11:FRS1022022-01-012022-12-3111101409ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3111101409ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-01-012022-12-3111101409ns11:FullAccounts2022-01-012022-12-3111101409ns11:CharitiesSORP2022-01-012022-12-3111101409ns16:EnglandWales2022-01-012022-12-3111101409ns11:RegisteredOffice2022-01-012022-12-3111101409ns0:Trustee22022-01-012022-12-3111101409ns0:Trustee32022-01-012022-12-3111101409ns0:Trustee12022-01-012022-12-3111101409ns10:WithinOneYear2022-12-3111101409ns10:WithinOneYear2021-12-3111101409ns0:TotalUnrestrictedFunds2022-12-311110140922022-01-012022-12-3111101409ns10:LandBuildingsns10:OwnedOrFreeholdAssets2021-12-3111101409ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-12-3111101409ns10:LandBuildingsns10:OwnedOrFreeholdAssets2021-12-31
REGISTERED COMPANY NUMBER: 11101409 (England and Wales)
REGISTERED CHARITY NUMBER: 1177314














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
11101409 (England and Wales)

Registered Charity number
1177314

42Ashbourne Limited (Registered number: 11101409)

Report of the Trustees
for the Year Ended 31 December 2022

Registered office
5 North End Road
London
NW11 7RJ

Trustees
M Friedman
H R Gilbert
N Sheinfeld

Approved by order of the board of trustees on 9 November 2023 and signed on its behalf by:





N Sheinfeld - Trustee

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 28,320 27,760

EXPENDITURE ON
Charitable activities
Charitable activities 25,758 14,829

Other 3,299 13,130
Total 29,057 27,959

NET INCOME/(EXPENDITURE) (737 ) (199 )


RECONCILIATION OF FUNDS
Total funds brought forward 10,131 10,330

TOTAL FUNDS CARRIED FORWARD 9,394 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 1,261,123 1,261,123

CURRENT ASSETS
Debtors 7 2,920 -
Cash at bank 453 3,210
3,373 3,210

CREDITORS
Amounts falling due within one year 8 (1,255,102 ) (1,254,202 )

NET CURRENT ASSETS (1,251,729 ) (1,250,992 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,394

10,131

NET ASSETS 9,394 10,131
FUNDS 9
Unrestricted funds 9,394 10,131
TOTAL FUNDS 9,394 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 9 November 2023 and were signed on its behalf by:





N Sheinfeld - Trustee

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 28,320 27,760


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 27,760

EXPENDITURE ON
Charitable activities
Charitable activities 14,829

Other 13,130
Total 27,959

NET INCOME/(EXPENDITURE) (199 )


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 10,330

TOTAL FUNDS CARRIED FORWARD 10,131

6. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2022 and 31 December 2022 1,261,123
NET BOOK VALUE
At 31 December 2022 1,261,123
At 31 December 2021 1,261,123

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 2,920 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other creditors 1,253,302 1,253,302
Accrued expenses 1,800 900
1,255,102 1,254,202

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 10,131 (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 28,320 (29,057 ) (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

There were no related party transactions for the year ended 31 December 2022.