Hazlemount Limited - Charities report - 19.1

Hazlemount Limited - Charities report - 19.1

HAZLEMOUNT LIMITED - Company Information

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IRIS Accounts Production v19.1.1.57 Other Company accounts True False Pounds 1.12.17 30.11.18 30.11.18 FY J Lipschitz J Lipschitz FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP True True True True False True False False iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure028719172017-11-30028719172018-11-30028719172017-12-012018-11-30028719172016-11-30028719172016-12-012017-11-30028719172017-11-3002871917ns0:CharitableCompanyLimitedByGuarantee2017-12-012018-11-3002871917ns15:PoundSterling2017-12-012018-11-3002871917ns0:Trustee12017-12-012018-11-3002871917ns11:FRS1022017-12-012018-11-3002871917ns11:IndependentExaminationCharity2017-12-012018-11-3002871917ns11:LargeMedium-sizedCompaniesRegimeForAccounts2017-12-012018-11-3002871917ns11:FullAccounts2017-12-012018-11-3002871917ns11:CharitiesSORP2017-12-012018-11-3002871917ns16:EnglandWales2017-12-012018-11-3002871917ns11:RegisteredOffice2017-12-012018-11-3002871917ns0:Trustee22017-12-012018-11-3002871917ns0:Trustee32017-12-012018-11-3002871917ns11:CompanySecretary12017-12-012018-11-3002871917ns0:Activity82017-12-012018-11-3002871917ns0:Activity82016-12-012017-11-3002871917ns10:WithinOneYear2018-11-3002871917ns10:WithinOneYear2017-11-3002871917ns10:AfterOneYear2018-11-3002871917ns10:AfterOneYear2017-11-300287191722017-12-012018-11-3002871917ns10:BetweenOneTwoYears2018-11-3002871917ns10:BetweenOneTwoYears2017-11-30
REGISTERED COMPANY NUMBER: 02871917 (England and Wales)
REGISTERED CHARITY NUMBER: 1101119




















REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE
YEAR ENDED 30 NOVEMBER 2018
FOR
HAZLEMOUNT LIMITED
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH









HAZLEMOUNT LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018










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

HAZLEMOUNT LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2018
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 30 November 2018. 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 2015).

OBJECTIVES AND ACTIVITIES
The objectives of the charity are to advance religion in accordance with the orthodox Jewish faith.

The charity uses available resources in order to further its charitable activities.

Each year the trustees review their charitable objectives and activities to ensure that they continue to reflect the trustees
aims. In carrying out their review the trustees have considered the Charity Commission's general guidance on public
benefit and in particular its supplementary public guidance, with focused regard towards the advancement of the
Orthodox Jewish faith and all of its facets for the public benefit.
ACHIEVEMENT AND PERFORMANCE
The charity achieved a level of growth during the year which has been accumulated in line with expectations and to
strengthen the charity's future ability to support charitable causes.

FINANCIAL REVIEW
During the year, the charity received a broadly similar level of income to that of the previous year, and applies the surplus
towards enhancing the reserves of the charity for future use.

FUTURE PLANS
The trustees plan for the charity to continue its charitable activities in the similar means to previous years.

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 managed exclusively by 3 trustees.

Training
The charity's trustees periodically evaluate possible training requirements to best suit the charity's objectives.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02871917 (England and Wales)

Registered Charity number
1101119

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

Trustees
J Lipschitz Company Director
Ms F Lipschitz Company Director
M Twerski Company Director

Company Secretary
Ms F Lipschitz

Page 1
HAZLEMOUNT LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2018
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 4 September 2019 and signed on its behalf by:



J Lipschitz - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
HAZLEMOUNT LIMITED
Independent examiner's report to the trustees of Hazlemount Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended
30 November 2018.

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







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


4 September 2019
Page 3
HAZLEMOUNT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 NOVEMBER 2018
2018 2017

Unrestricted
fund		 Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,450 2,921
Investment income 2 19,200 19,200
Total 21,650 22,121

EXPENDITURE ON
Raising funds 3 6,881 9,411
Charitable activities
Charitable activities 900 1,020
Total 7,781 10,431
NET INCOME 13,869 11,690
RECONCILIATION OF FUNDS

Total funds brought forward 467,898 456,208
TOTAL FUNDS CARRIED FORWARD 481,767 467,898
The notes form part of these financial statements
Page 4
HAZLEMOUNT LIMITED (REGISTERED NUMBER: 02871917)
BALANCE SHEET
AT 30 NOVEMBER 2018
2018 2017

Unrestricted
fund		 Total
funds
Notes £    £   
FIXED ASSETS
Investment property 6 651,195 651,195

CURRENT ASSETS
Cash at bank 476 211

CREDITORS
Amounts falling due within one year 7 (21,085 ) (20,298 )

NET CURRENT ASSETS/(LIABILITIES) (20,609 ) (20,087 )
TOTAL ASSETS LESS CURRENT LIABILITIES 630,586 631,108
CREDITORS
Amounts falling due after more than one year 8 (148,819 ) (163,210 )

NET ASSETS 481,767 467,898
FUNDS
Unrestricted funds 481,767 467,898
TOTAL FUNDS 481,767 467,898
The charitable company is entitled to exemption from audit under
Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended
30 November 2018 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 special provisions of Part 15 of the Companies Act
2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 4 September 2019 and were signed on its behalf by:




J Lipschitz -Trustee
The notes form part of these financial statements
Page 5
HAZLEMOUNT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018
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 2015)', 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.
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

2018 2017
£    £   
Rents received 19,200 19,200

3. RAISING FUNDS

Investment management costs

2018 2017
£    £   
Interest payable and similar charges 6,881 9,411


Page 6
HAZLEMOUNT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 30 NOVEMBER 2018
4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2018 nor for the year
ended 30 November 2017.

Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2018 nor for the year ended
30 November 2017.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,921
Investment income 19,200
Total 22,121

EXPENDITURE ON
Raising funds 9,411
Charitable activities
Charitable activities 1,020
Total 10,431
NET INCOME 11,690
RECONCILIATION OF FUNDS

Total funds brought forward 456,208
TOTAL FUNDS CARRIED FORWARD 467,898

6. INVESTMENT PROPERTY

£   
MARKET VALUE
At 1 December 2017 and 30 November 2018 651,195
NET BOOK VALUE
At 30 November 2018 651,195
At 30 November 2017 651,195

Page 7
HAZLEMOUNT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 30 NOVEMBER 2018
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018 2017
£    £   
Bank loans and overdrafts (see note 9) 17,619 17,619
Accruals and deferred income 3,466 2,679
21,085 20,298

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

2018 2017
£    £   
Bank loans (see note 9) 148,819 163,210

9. LOANS

An analysis of the maturity of loans is given below:

2018 2017
£    £   
Amounts falling due within one year on demand:
Bank loans 17,619 17,619

Amounts falling between one and two years:
Bank loans - 1-2 years 148,819 163,210

10. RELATED PARTY DISCLOSURES

The following donations were received during the year from related parties who are under common control:

Name of Related Party Amount (£ )

Bellamore Trading Limited 2,450

Total related party transactions 2,450

Page 8