B H Gur Ltd - Charities report - 19.2
B H Gur Ltd - Charities report - 19.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 August 2018 |
| for |
| B H Gur Ltd |
| B H Gur Ltd |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2018 |
| Page |
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 11 |
| B H Gur Ltd |
| Report of the Trustees |
| for the Year Ended 31 August 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 31 August 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 |
| Objectives and aims |
| These continued to be the day-to-day running of the synagogue and the relief of poverty among the community. |
| Public benefit |
| The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the |
| Charity Commission when reviewing the charity's aims and objectives and in planning future activities. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| Having moved into our newly built premises the synagogue has proved to be a popular venue for prayer and religious |
| studies both for its members and also attracting many outsiders from the local community. We hope that this situation |
| will continue into future years. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, the memorandum and articles of association, and constitutes |
| a limited company, limited by guarantee, as defined by the Companies Act 1985. |
| 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 |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent examiner |
| Mr A Heller |
| Member of ICAEW |
| Martin+Heller |
| Chartered Accountants |
| London |
| NW11 7RJ |
| B H Gur Ltd |
| Report of the Trustees |
| for the Year Ended 31 August 2018 |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| B H Gur Ltd |
| Independent examiner's report to the trustees of B H Gur Ltd ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 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 |
| 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 registered member of Member of ICAEW 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 |
| Mr A Heller |
| Member of ICAEW |
| Martin+Heller |
| Chartered Accountants |
| 5 North End Road |
| London |
| NW11 7RJ |
| Date: ............................................. |
| B H Gur Ltd |
| Statement of Financial Activities |
| for the Year Ended 31 August 2018 |
| 31.8.18 | 31.8.17 |
| Unrestricted fund |
Total funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income | 2 |
| Other income |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| Net gains/(losses) on investments |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 2,366,255 |
| B H Gur Ltd |
| Balance Sheet |
| At 31 August 2018 |
| 31.8.18 | 31.8.17 |
| Unrestricted fund |
Total funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| NET ASSETS |
| FUNDS | 10 |
| Unrestricted funds | 2,604,526 | 2,366,255 |
| TOTAL FUNDS | 2,366,255 |
| B H Gur Ltd |
| Balance Sheet - continued |
| At 31 August 2018 |
| The charitable company is entitled to exemption from audit under |
| Section 477 of the Companies Act 2006 for the year ended 31 August 2018. |
| The members have not required the company to obtain an audit of its financial statements for the year ended |
| 31 August 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 provisions applicable to charitable companies |
| subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees on |
| B H Gur Ltd |
| Notes to the Financial Statements |
| for the Year Ended 31 August 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. |
| 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. |
| 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 |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Rents received |
| Deposit account interest |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 August 2018 nor for the year ended |
| 31 August 2017. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 August 2018 nor for the year ended 31 August 2017. |
| B H Gur Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2018 |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income |
| Other income |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| Net gains/(losses) on investments |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 2,024,715 |
| TOTAL FUNDS CARRIED FORWARD | 2,366,255 |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold property |
| £ |
| COST |
| At 1 September 2017 |
| Additions |
| At 31 August 2018 |
| NET BOOK VALUE |
| At 31 August 2018 |
| At 31 August 2017 |
| B H Gur Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Other loans (see note 9) |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Bank loans (see note 9) |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.8.18 | 31.8.17 |
| £ | £ |
| Amounts falling due within one year on demand: |
| Bank loans |
| Loans | 268,818 | 268,818 |
| Amounts falling between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 10. | MOVEMENT IN FUNDS |
At 1/9/17 |
Net movement in funds |
At 31/8/18 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,366,255 | 238,271 | 2,604,526 |
| TOTAL FUNDS | 238,271 | 2,604,526 |
| B H Gur Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2018 |
| 10. | MOVEMENT IN FUNDS - continued |
| Net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 360,971 | (122,700 | ) | 238,271 |
| TOTAL FUNDS | ( |
) | 238,271 |
| Comparatives for movement in funds |
At 1/9/16 |
Net movement in funds |
At 31/8/17 |
| £ | £ | £ |
| Unrestricted Funds |
| General fund | 2,024,715 | 341,540 | 2,366,255 |
| TOTAL FUNDS | 2,024,715 | 341,540 | 2,366,255 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Gains and losses |
Movement in funds |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 265,808 | (146,242 | ) | 221,974 | 341,540 |
| TOTAL FUNDS | 265,808 | (146,242 | ) | 221,974 | 341,540 |
| A current year 12 months and prior year 12 months combined position is as follows: |
At 1/9/16 |
Net movement in funds |
At 31/8/18 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,024,715 | 579,811 | 2,604,526 |
| TOTAL FUNDS | 2,024,715 | 579,811 | 2,604,526 |
| B H Gur Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2018 |
| 10. | 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 |
Resources expended |
Gains and losses |
Movement in funds |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 626,779 | (268,942 | ) | 221,974 | 579,811 |
| TOTAL FUNDS | 626,779 | (268,942 | ) | 579,811 |
| 11. | RELATED PARTY DISCLOSURES |
| There were no related party transactions for the year ended 31 August 2018. |