IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.2.23 31.1.24 31.1.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033004922023-01-31033004922024-01-31033004922023-02-012024-01-31033004922022-01-31033004922022-02-012023-01-31033004922023-01-3103300492ns0:CharitableCompanyLimitedByGuarantee2023-02-012024-01-3103300492ns15:PoundSterling2023-02-012024-01-3103300492ns11:FRS1022023-02-012024-01-3103300492ns11:IndependentExaminationCharity2023-02-012024-01-3103300492ns11:SmallCompaniesRegimeForAccounts2023-02-012024-01-3103300492ns11:FullAccounts2023-02-012024-01-3103300492ns11:CharitiesSORP2023-02-012024-01-3103300492ns16:EnglandWales2023-02-012024-01-3103300492ns11:RegisteredOffice2023-02-012024-01-3103300492ns0:Trustee22023-02-012024-01-3103300492ns0:Trustee12023-02-012024-01-3103300492ns0:Trustee32023-02-012024-01-3103300492ns0:Trustee42023-02-012024-01-3103300492ns0:Trustee52023-02-012024-01-3103300492ns0:Activity82023-02-012024-01-3103300492ns0:Activity82022-02-012023-01-3103300492ns10:WithinOneYear2024-01-3103300492ns10:WithinOneYear2023-01-3103300492ns0:TotalUnrestrictedFunds2024-01-3103300492ns10:FurnitureFittingsToolsEquipment2023-02-012024-01-310330049222023-02-012024-01-310330049232023-02-012024-01-3103300492ns10:OwnedAssets2023-02-012024-01-3103300492ns10:OwnedAssets2022-02-012023-01-3103300492ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-01-3103300492ns10:FurnitureFittings2023-01-3103300492ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-02-012024-01-3103300492ns10:FurnitureFittings2023-02-012024-01-3103300492ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-01-3103300492ns10:FurnitureFittings2024-01-3103300492ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-01-3103300492ns10:FurnitureFittings2023-01-31
REGISTERED COMPANY NUMBER: 03300492 (England and Wales)
REGISTERED CHARITY NUMBER: 1060844




















Report of the Trustees and

Unaudited Financial Statements
FOR THE YEAR ENDED
31 January 2024

for

GROVE END ROAD LIMITED

GROVE END ROAD LIMITED

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 8

GROVE END ROAD LIMITED (REGISTERED NUMBER: 03300492)

Report of the Trustees
FOR THE YEAR ENDED 31 JANUARY 2024



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 January 2024. 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 objective of the charity is the advancement of the orthodox Jewish religion.

Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.

ACHIEVEMENT AND PERFORMANCE
Internal and external factors
There are no specific factors to report.

FINANCIAL REVIEW
Financial position
The charity holds a freehold property which is used to further the charity's objects. During the year the charity received £30,995 (2023: £30,278) in rental income from the property and incurred expenditure of £24,228 (2023: £15,116).

The charity made interest-bearing loans to third parties which resulted in £22,095 (2023: £14,544) of interest income.

As at the balance sheet date the charity had total unrestricted reserves of £1,624,825 (2023: £1,597,161), which included a property owned by the charity with a book value of £1,139,843.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure
The charity is governed by the trustees. The charity must have a minimum of two trustees at any time but there is no maximum.The trustees may appoint a person to become a trustees by ordinary resolution.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03300492 (England and Wales)

Registered Charity number
1060844

Registered office
First Floor Winston House
349 Regents Park Road
London
N3 1DH

Trustees
Mr D Goldwater
Mr C Lossos
Mr I B Glick (resigned 28.9.23)
Lord A Grabiner (resigned 10.7.24)
Mr D J O Schaffer (appointed 9.7.24)


GROVE END ROAD LIMITED (REGISTERED NUMBER: 03300492)

Report of the Trustees
FOR THE YEAR ENDED 31 JANUARY 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

Approved by order of the board of trustees on 21 October 2024 and signed on its behalf by:





Mr C Lossos - Trustee

Independent Examiner's Report to the Trustees of
Grove End Road Limited


Independent examiner's report to the trustees of Grove End Road Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024.

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.








Mr Aryeh Melinek, FCA

Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

21 October 2024

GROVE END ROAD LIMITED

Statement of Financial Activities
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Investment income 2 53,090 44,822

EXPENDITURE ON
Raising funds 3 24,228 15,116

Charitable activities
Charitable activities 1,198 2,507
Total 25,426 17,623

NET INCOME 27,664 27,199


RECONCILIATION OF FUNDS
Total funds brought forward 1,597,161 1,569,962

TOTAL FUNDS CARRIED FORWARD 1,624,825 1,597,161

GROVE END ROAD LIMITED (REGISTERED NUMBER: 03300492)

Balance Sheet
31 JANUARY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 7 1,139,843 1,145,338

CURRENT ASSETS
Debtors 8 82,633 300,688
Cash at bank 403,871 152,305
486,504 452,993

CREDITORS
Amounts falling due within one year 9 (1,522 ) (1,170 )

NET CURRENT ASSETS 484,982 451,823

TOTAL ASSETS LESS CURRENT LIABILITIES 1,624,825 1,597,161

NET ASSETS 1,624,825 1,597,161
FUNDS
Unrestricted funds 1,624,825 1,597,161
TOTAL FUNDS 1,624,825 1,597,161

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 21 October 2024 and were signed on its behalf by:





Mr C Lossos - Trustee

GROVE END ROAD LIMITED

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - at varying rates on cost

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.

Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Liability of each member in the event of winding-up is limited to £10.

2. INVESTMENT INCOME
2024 2023
£    £   
Rents received 30,995 30,278
Deposit account interest 22,095 14,544
53,090 44,822


GROVE END ROAD LIMITED

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. RAISING FUNDS

Investment management costs
2024 2023
£    £   
Management fees 4,463 4,360
Property repairs 9,724 366
Insurance 836 714
Legal and professional 3,710 4,181
Depreciation 5,495 5,495
24,228 15,116

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 5,495 5,495

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.


6. STAFF COSTS

The average monthly number of employees during the year is nil (2023: nil).

7. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 February 2023 and 31 January 2024 1,139,843 16,136 1,155,979
DEPRECIATION
At 1 February 2023 - 10,641 10,641
Charge for year - 5,495 5,495
At 31 January 2024 - 16,136 16,136
NET BOOK VALUE
At 31 January 2024 1,139,843 - 1,139,843
At 31 January 2023 1,139,843 5,495 1,145,338

GROVE END ROAD LIMITED

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 80,000 300,000
Prepayments and accrued income 2,633 688
82,633 300,688

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 352 -
Accruals and deferred income 1,170 1,170
1,522 1,170

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2024.

11. FINANCIAL INSTRUMENTS

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.