Charity registration number 297004
Company registration number 01989700 (England and Wales)
ARDENLINK LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
ARDENLINK LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Berish Berger
Mrs Pessie Berger
Mr Gershon Berger
Secretary
Mrs Pessie Berger
Charity number
297004
Company number
01989700
Registered office
New Burlington House
1075 Finchley Road
London
NW11 0PU
ARDENLINK LIMITED
CONTENTS
Page
Trustees' report
1 - 2
Statement of financial activities
3
Statement of financial position
4
Notes to the financial statements
5 - 9
ARDENLINK LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 30 June 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The objects of the charity are:

 

The aims of the charity are to support the activities of Jewish religious organisations, especially in the field of education and to provide philanthropic aid to the Jewish needy.

This charity seeks to achieve its aims through the making of grants to organisations providing a sound religious education in accordance with the doctrines and principles of traditional Judaism and to institutions set up to provide aid to the Jewish needy, with a view to achieving the objects of the charity..

 

The trustees confirm that they have referred to the guidelines contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities and setting the grant making policies for the year.

 

Grants are made to charitable institutions and organisations which conform to the objects of the charity after the trustees have satisfied themselves as to the bona fides of the recipients.

Achievements and performance

During the year £0 (as against £0) was distributed in furtherance of the charity’s objectives.

The charity is dependant for its income from voluntary donations from companies and charities connected with the trustees and thus the receipt of funds from which to achieve its objects are outside the charity's control.

Financial review

During the year, the charity did not receive any donations (as against £0) and made no distributions (as against £0) in furtherance of the charity's objects.

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees consider appropriate after considering the future commitments of the charity and its likely administrative costs for the next year.

The charity's historical source of income were donations received from private companies associated with the trustees. From this income and retained reserves, the charity made grants to charitable institutions and organisations which met the criteria for such funds to be utilised in pursuance of this charity's objects.

Under the Memorandum and Articles of Association, the charity has the power to make any investment which the trustees see fit provided that funds so utilised are not immediately required for use in connection with any of its objects. The trustees regularly review the charity’s position and needs in respect of the investment policy.

 

ARDENLINK LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory incoming resources.

Structure, governance and management

The charity is a company limited by guarantee governed by its Memorandum and Articles of Association dated 14th February 1986.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr Berish Berger
Mrs Pessie Berger
Mr Gershon Berger

As set out in the Articles of Association the members of the charity shall not exceed twenty five. There are two classes of members:

 

Ordinary Members – subscribers and all persons subsequently admitted by the Council to membership.

 

Honorary Members – persons the Council may admit from time to time with written consent.

 

No person shall be admitted to the membership of the charity as an ordinary member unless:

 

All current trustees are ordinary members and no honorary members have been appointed. The organisation is run 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 Article 48 of the Articles of Association.

 

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

 

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

 

Unless and until otherwise determined by the charity, the board of trustees (Council) shall consist of not less than three and not more than ten governors/trustees. The Council appoints from among its members a Chairman and a Vice Chairman and, in the event that any vacancy arises the Council shall as soon as practicable fill the vacancy. Three ordinary members present in person shall form a quorum at a general meeting.

 

The trustees' report was approved by the Board of Trustees.

Mrs Pessie Berger
Trustee
19 March 2024
ARDENLINK LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
2023
2022
Notes
£
£
Expenditure on:
Charitable activities
4
2,341
2,341
Net expenditure for the year/
Net movement in funds
(2,341)
(2,341)
Fund balances at 1 July 2022
200,738
203,079
Fund balances at 30 June 2023
198,397
200,738

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
ARDENLINK LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2023
30 June 2023
- 4 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
8
241,300
241,300
Cash at bank and in hand
64
64
241,364
241,364
Creditors: amounts falling due within one year
10
(42,967)
(40,626)
Net current assets
198,397
200,738
Income funds
Unrestricted funds
198,397
200,738
198,397
200,738

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 19 March 2024
Mr Berish Berger
Mrs Pessie Berger
Trustee
Trustee
Company registration number 01989700
ARDENLINK LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
1
Accounting policies
Charity information

Ardenlink Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

1.1
Accounting convention

The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
ARDENLINK LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 6 -
1.5
Expenditure

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:

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.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

ARDENLINK LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 7 -
1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Charitable activities
2023
2022
£
£
Share of support costs (see note 4)
2,341
2,341
4
Support costs
Support costs
Governance costs
2023
Support costs
Governance costs
2022
£
£
£
£
£
£

Bank charges and interest

2,341
-
2,341
2,341
-
2,341
2,341
-
2,341
2,341
-
2,341
Analysed between
Charitable activities
2,341
-
2,341
2,341
-
2,341
5
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
ARDENLINK LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 8 -
6
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
7
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

8
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
241,300
241,300

Other debtors represents an advance to a registered charity that is interest free and repayable on demand.

9
Loans and overdrafts
2023
2022
£
£
Bank overdrafts
29,766
29,766
Payable within one year
29,766
29,766
10
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Bank overdrafts
9
29,766
29,766
Other creditors
13,201
10,860
42,967
40,626

Included in other creditors are amounts totalling £5,107 (2022: £3,667) due to companies under the control of the charity's trustees; these loans are interest free and repayable on demand.

ARDENLINK LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 9 -
11
Related party transactions
Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Included in other creditors are amounts totalling £5,107 due to companies under the control of the charity's trustees; these loans are interest free and repayable on demand.

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