IRIS Accounts Production v23.3.0.418 Other Company accounts True false Pounds 1.6.22 31.5.23 31.5.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035347842022-05-31035347842023-05-31035347842022-06-012023-05-31035347842021-05-31035347842021-06-012022-05-31035347842022-05-3103534784ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-06-012023-05-3103534784ns11:Original2022-06-012023-05-3103534784ns15:PoundSterlingns11:Original2022-06-012023-05-3103534784ns11:Original2022-05-3103534784ns11:Original2023-05-3103534784ns11:Originalns11:FRS1022022-06-012023-05-3103534784ns11:IndependentExaminationCharityns11:Original2022-06-012023-05-3103534784ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-06-012023-05-3103534784ns11:Originalns11:FullAccounts2022-06-012023-05-3103534784ns11:Originalns11:CharitiesSORP2022-06-012023-05-3103534784ns11:Original2021-06-012022-05-3103534784ns11:Originalns16:EnglandWales2022-06-012023-05-3103534784ns11:Originalns11:RegisteredOffice2022-06-012023-05-3103534784ns11:Originalns0:Trustee22022-06-012023-05-3103534784ns11:Originalns0:Trustee12022-06-012023-05-3103534784ns11:Originalns0:Trustee32022-06-012023-05-3103534784ns11:Originalns0:Trustee42022-06-012023-05-3103534784ns11:Originalns11:CompanySecretary12022-06-012023-05-3103534784ns11:Original2021-05-3103534784ns11:Original2022-05-3103534784ns11:Originalns10:WithinOneYear2023-05-3103534784ns11:Originalns10:WithinOneYear2022-05-3103534784ns11:Originalns10:AfterOneYear2023-05-3103534784ns11:Originalns10:AfterOneYear2022-05-3103534784ns11:Originalns0:TotalUnrestrictedFunds2023-05-3103534784ns11:Original22022-06-012023-05-3103534784ns10:CostValuationns11:Original2022-05-3103534784ns11:Originalns10:Subsidiary12022-06-012023-05-3103534784ns11:Originalns10:Subsidiary112022-06-012023-05-3103534784ns11:Originalns10:Secured2023-05-3103534784ns11:Originalns10:Secured2022-05-31
REGISTERED COMPANY NUMBER: 03534784 (England and Wales)
REGISTERED CHARITY NUMBER: 1070415















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

INTERDAM LIMITED

INTERDAM LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5 to 6

Notes to the Financial Statements 7 to 12

INTERDAM LIMITED (REGISTERED NUMBER: 03534784)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2023


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 May 2023. 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 objects of the charity are advancement of religion in accordance with Orthodox Jewish Faith, relief of poverty and other charitable purposes. There are no investment restrictions.

Public benefit
The Trustees have taken due heed of their obligations relating to Public Benefit Duty affecting charities, as well as to their obligations under the Equalities Act 2010. The Trustees are satisfied that they meet their obligations.

Grantmaking
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the company.

Appeal letters are received from, and personal visits made by representatives of Jewish charitable, religious and educational institutions. These requests are then considered by the trustees and grants are made in accordance with the trustees decisions.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Charity received donations of £9,100 (2022- 4,364),interest £409 (2022- £16) and rental income of £72,887 (2022- £56,289) during the year.The charity made donations of £66,705` (2022- £29,361) during the year.

FINANCIAL REVIEW
Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the ongoing calls made on the charity including the possibility of providing capital assets for the needs of charitable institutions.

FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee and is therefore governed by Memorandum and Articles of Association.

Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03534784 (England and Wales)

Registered Charity number
1070415


INTERDAM LIMITED (REGISTERED NUMBER: 03534784)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2023

Registered office
6 Moresby Road
London
E5 9LF

Trustees
A Z Lew
S Lew
Mrs M H Lew
L Lowy

Company Secretary
S Lew

Independent Examiner
Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

Approved by order of the board of trustees on 22 February 2024 and signed on its behalf by:





S Lew - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
INTERDAM LIMITED

Independent examiner's report to the trustees of INTERDAM LIMITED ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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 Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts 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.








M A Venitt A.C.A

Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

22 February 2024

INTERDAM LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2023

31.5.23 31.5.22
Unrestricted Total
funds funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 11,300 4,363

Investment income 2 73,296 56,305
Total 84,596 60,668

EXPENDITURE ON
Raising funds 3 55,705 44,645

Charitable activities
Grants Made
66,705 29,361

Other 3,228 3,269
Total 125,638 77,275

Net gains on investments 165,000 -

NET INCOME/(EXPENDITURE) 123,958 (16,607 )


RECONCILIATION OF FUNDS
Total funds brought forward 1,749,306 1,765,913

TOTAL FUNDS CARRIED FORWARD 1,873,264 1,749,306

INTERDAM LIMITED (REGISTERED NUMBER: 03534784)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

31.5.23 31.5.22
Unrestricted Total
funds funds
Notes £    £   
FIXED ASSETS
Investments
Investments 6 1,250,000 1,250,000
Investment property 7 1,400,000 1,235,000
2,650,000 2,485,000

CURRENT ASSETS
Debtors 8 18,150 16,298
Cash at bank 257,786 196,862
275,936 213,160

CREDITORS
Amounts falling due within one year 9 (2,010 ) (4,531 )

NET CURRENT ASSETS 273,926 208,629

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,923,926

2,693,629

CREDITORS
Amounts falling due after more than one year 10 (1,050,662 ) (944,323 )

NET ASSETS 1,873,264 1,749,306
FUNDS 13
Unrestricted funds 1,873,264 1,749,306
TOTAL FUNDS 1,873,264 1,749,306

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.


INTERDAM LIMITED (REGISTERED NUMBER: 03534784)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2023

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 22 February 2024 and were signed on its behalf by:





S Lew - Trustee





A Z Lew - Trustee

INTERDAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

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.

2. INVESTMENT INCOME
31.5.23 31.5.22
£    £   
Rents received 72,887 56,289
Deposit account interest 409 16
73,296 56,305


INTERDAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. RAISING FUNDS

Investment management costs
31.5.23 31.5.22
£    £   
Property repairs 3,873 6,523
Bank loan interest 51,084 36,622
Insurance 748 1,500
55,705 44,645

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2023 nor for the year ended 31 May 2022.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 4,363

Investment income 56,305
Total 60,668

EXPENDITURE ON
Raising funds 44,645

Charitable activities
Grants Made
29,361

Other 3,269
Total 77,275

NET INCOME/(EXPENDITURE) (16,607 )


RECONCILIATION OF FUNDS
Total funds brought forward 1,765,913

TOTAL FUNDS CARRIED FORWARD 1,749,306

INTERDAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
MARKET VALUE
At 1 June 2022 and 31 May 2023 1,250,000
NET BOOK VALUE
At 31 May 2023 1,250,000
At 31 May 2022 1,250,000

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Efel Processing Ltd
Registered office:
Nature of business: Property Investment
%
Class of share: holding
Ordinary 100

The company did not trade during the year.

7. INVESTMENT PROPERTY
£   
FAIR VALUE
At 1 June 2022 1,235,000
Revaluation 165,000
At 31 May 2023 1,400,000
NET BOOK VALUE
At 31 May 2023 1,400,000
At 31 May 2022 1,235,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2016 91,429
Valuation in 2017 438,731
Valuation in 2023 165,000
Cost 704,840
1,400,000


INTERDAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 18,150 11,887
Other debtors - 4,411
18,150 16,298

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other creditors - 2,611
Accrued expenses 2,010 1,920
2,010 4,531

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR


11. LOANS

An analysis of the maturity of loans is given below:

31.5.23 31.5.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments:
Bank loans more 5 yrs non-inst 1,050,662 944,323

12. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 1,050,662 944,323

The mortgage loans are secured by a first charge over the company's property.

13. MOVEMENT IN FUNDS
Net
movement At
At 1.6.22 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 1,749,306 123,958 1,873,264

TOTAL FUNDS 1,749,306 123,958 1,873,264

INTERDAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 84,596 (125,638 ) 165,000 123,958

TOTAL FUNDS 84,596 (125,638 ) 165,000 123,958


Comparatives for movement in funds

Net
movement At
At 1.6.21 in funds 31.5.22
£    £    £   
Unrestricted funds
General fund 1,765,913 (16,607 ) 1,749,306

TOTAL FUNDS 1,765,913 (16,607 ) 1,749,306

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 60,668 (77,275 ) (16,607 )

TOTAL FUNDS 60,668 (77,275 ) (16,607 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.6.21 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 1,765,913 107,351 1,873,264

TOTAL FUNDS 1,765,913 107,351 1,873,264

INTERDAM LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

13. 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 Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 145,264 (202,913 ) 165,000 107,351

TOTAL FUNDS 145,264 (202,913 ) 165,000 107,351

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2023.