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REGISTERED COMPANY NUMBER: 01157880 (England and Wales)
REGISTERED CHARITY NUMBER: 267447



















WYCHDALE LIMITED
(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

WYCHDALE LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Cash Flow Statement 8

Notes to the Cash Flow Statement 9

Notes to the Financial Statements 10 to 15

WYCHDALE LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024



TRUSTEES Mr C D Schlaff
Mrs I F Z Schlaff
Mr J J Schlaff


COMPANY SECRETARY Mrs I F Z Schlaff


REGISTERED OFFICE First Floor
94 Stamford Hill
London
N16 6XS


REGISTERED COMPANY
NUMBER
01157880 (England and Wales)


REGISTERED CHARITY
NUMBER
267447


INDEPENDENT EXAMINER Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS


BANKERS Metro Bankl PLC
One Southhampton Row
London
WC1B 5HA

WYCHDALE LIMITED (REGISTERED NUMBER: 01157880)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 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 March 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).

REFERENCE AND ADMINISTRATIVE INFORMATION
Reference and administrative information is shown on page 1 of the financial statements and forms part of
this report.

OBJECTIVES AND ACTIVITIES
Objectives and aims for the public benefit
The objects of the charity are the advancement of religion in accordance with the Orthodox Jewish Faith and for such other purposes as are recognised by English Law as charitable.
The trustees have considered the Charity Commission's general guidance on public benefit. The charity is grantmaking.

Grantmaking
In general the trustees select the institutions to be supported according to their personal knowledge of work of the institution. Whilst not actively inviting applications, they are always prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees are pleased with the results of the charity for the year. There was a substantial increase in donations during the year, with a small reduction in grantmaking leaving a surplus for the year.

FINANCIAL REVIEW
Reserves policy
The trustees maintain sufficient reserves to ensure that they can continue the activities of the charity. Reserves at the year end were £975,554(2023 - £891,400).

FUTURE PLANS
The charity plans to continue its activities for the foreseeable future subject to satisfactory income.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 22 January 1974.

Organisational structure
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Risk management
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.


WYCHDALE LIMITED (REGISTERED NUMBER: 01157880)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 11 March 2025 and signed on its behalf by:





Mr C D Schlaff - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WYCHDALE LIMITED

Independent examiner's report to the trustees of Wychdale Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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.








E Meyer FCA BSc

Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

11 March 2025

WYCHDALE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 889,730 539,387

Investment income 2 36,414 43,779
Total 926,144 583,166

EXPENDITURE ON
Raising funds 3 1,914 3,259

Charitable activities 4
Grantmaking 828,650 853,990
Support 5,166 4,427
Total 835,730 861,676

Net gains/(losses) on investments (6,260 ) (2,699 )

NET INCOME/(EXPENDITURE) 84,154 (281,209 )


RECONCILIATION OF FUNDS
Total funds brought forward 891,400 1,172,609

TOTAL FUNDS CARRIED FORWARD 975,554 891,400

WYCHDALE LIMITED (REGISTERED NUMBER: 01157880)

BALANCE SHEET
31 MARCH 2024

2024 2023
Total Total
funds funds
Notes £    £   
FIXED ASSETS
Investments
Investments 9 138,731 144,991
Investment property 10 750,000 750,000
888,731 894,991

CURRENT ASSETS
Debtors 11 262,780 228,438
Cash at bank 56,594 42
319,374 228,480

CREDITORS
Amounts falling due within one year 12 (232,551 ) (232,071 )

NET CURRENT ASSETS 86,823 (3,591 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

975,554

891,400

NET ASSETS 975,554 891,400
FUNDS 13
Unrestricted funds:
General fund 975,554 891,400
TOTAL FUNDS 975,554 891,400

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


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


WYCHDALE LIMITED (REGISTERED NUMBER: 01157880)

BALANCE SHEET - continued
31 MARCH 2024

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 11 March 2025 and were signed on its behalf by:





Mr C D Schlaff - Trustee

WYCHDALE LIMITED

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 55,576 (668,953 )
Net cash provided by/(used in) operating activities 55,576 (668,953 )

Cash flows from investing activities
Interest received - 1,079
Dividends received 976 7,262
Net cash provided by investing activities 976 8,341

Cash flows from financing activities
Loan repayments in year - (500,000 )
Net cash provided by/(used in) financing activities - (500,000 )

Change in cash and cash equivalents
in the reporting period

56,552

(1,160,612

)
Cash and cash equivalents at the
beginning of the reporting period

42

1,160,654
Cash and cash equivalents at the end
of the reporting period

56,594

42

WYCHDALE LIMITED

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024 2023
£    £   
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)

84,154

(281,209

)
Adjustments for:
Losses on investments 6,260 2,699
Interest received - (1,079 )
Dividends received (976 ) (7,262 )
Increase in debtors (34,342 ) (26,637 )
Increase/(decrease) in creditors 480 (355,465 )
Net cash provided by/(used in) operations 55,576 (668,953 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank 42 56,552 56,594
42 56,552 56,594
Total 42 56,552 56,594

WYCHDALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

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 in the year in which they are incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.

Raising funds comprise investment management costs relating to the investment properties

Grants are only recognised in the accounts when paid.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the Statement of Financial Activities.No depreciation is provided in respect of
investment properties applying the fair value.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Going concern
There are no material uncertainties about the charity's ability to continue.


WYCHDALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. INVESTMENT INCOME
2024 2023
Unrestricted Total
funds funds
£    £   
Rents received 35,438 35,438
Dividends received 976 7,262
Deposit account interest - 1,079
36,414 43,779

3. RAISING FUNDS

Investment management costs
2024 2023
Unrestricted Total
funds funds
£    £   
Insurance 1,096 2,799
Property repairs 38 460
Professional fees 780 -
1,914 3,259

4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
5) note 6) Totals
£    £    £   
Grantmaking 828,650 - 828,650
Support - 5,166 5,166
828,650 5,166 833,816

5. GRANTS PAYABLE
2024 2023
£    £   
Grantmaking 828,650 853,990

The ABC Trust 524,650
Tomchai Torah B'am Yisroel 79,500
Netzach Charitable Trust 42,000
Friends of Beis Soroh Schneirer 50,000
United Talmudical Associates Ltd 32,500
Other under £21,000 100,000
828,650

WYCHDALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. SUPPORT COSTS
Governance
Finance Other costs Totals
£    £    £    £   
Support 43 1,000 4,123 5,166

Support costs, included in the above, are as follows:

Finance
2024 2023
Total
Support activities
£    £   
Bank charges 43 164
Other
2024 2023
Total
Support activities
£    £   
Sundries 1,000 -
Governance costs
2024 2023
Total
Support activities
£    £   
Independent examiner's fee 1,080 1,080
Independent examiner's other fees 2,760 2,760
General expenses 283 423
4,123 4,263

7. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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



WYCHDALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. AVERAGE STAFF NUMBERS

The average number of employees during the year was Nil (2023 - Nil).

9. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
MARKET VALUE
At 1 April 2023 3 144,988 144,991
Revaluations - (6,260 ) (6,260 )
At 31 March 2024 3 138,728 138,731
NET BOOK VALUE
At 31 March 2024 3 138,728 138,731
At 31 March 2023 3 144,988 144,991

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:

In-Situ Estates Limited
Registered office: First Floor 94 Stamford Hill London N16 6XS
Nature of business: Property investment
%
Class of share: holding
Ordinary 75
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 766,405 391,464
(Loss)/profit for the year (26 ) 25,502

10. INVESTMENT PROPERTY
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 750,000
NET BOOK VALUE
At 31 March 2024 750,000
At 31 March 2023 750,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the trustees who have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same or similar locations.

WYCHDALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 144,343 144,343
Other debtors 118,437 84,095
262,780 228,438

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 224,872 224,872
Accruals and deferred income 7,679 7,199
232,551 232,071

13. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 891,400 84,154 975,554

TOTAL FUNDS 891,400 84,154 975,554

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 926,144 (835,730 ) (6,260 ) 84,154

TOTAL FUNDS 926,144 (835,730 ) (6,260 ) 84,154


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 1,172,609 (281,209 ) 891,400

TOTAL FUNDS 1,172,609 (281,209 ) 891,400

WYCHDALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

13. MOVEMENT IN FUNDS - continued

Comparative 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 583,166 (861,676 ) (2,699 ) (281,209 )

TOTAL FUNDS 583,166 (861,676 ) (2,699 ) (281,209 )

14. RELATED PARTY DISCLOSURES

All donations came from related parties. Other creditors include interest free loans of £215,696 (2023 - £215,696) from a trustee and £9,175 (2023 - £9,175) from Gladquote Ltd, a related party. Other related party transactions are disclosed in notes 9 and 11.