Anleydale Limited - Charities report - 21.2

REGISTERED COMPANY NUMBER: 01422133 (England and Wales)

REGISTERED CHARITY NUMBER: 277951

ANLEYDALE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Page

Reference and Administrative Details

1

Report of the Trustees

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

11

TRUSTEES

J Hirschler

J Perelman

Mrs R Hirschler

COMPANY SECRETARY

Mrs C R Hirschler

REGISTERED OFFICE

First Floor

94 Stamford Hill

London

N16 6XS

REGISTERED COMPANY NUMBER

01422133 (England and Wales)

REGISTERED CHARITY NUMBER

277951

BANKERS

Barclays

1 Churchill Place

London

E14 5HP

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 2021. 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

Objects

The objects of the charity are the advancement of religion in accordance with Orthodox Jewish Faith, the relief of poverty and such other purposes as are recognised by English Law as charitable. The charity is grantmaking.

The trustees confirm that they have referred to 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 policy for the year.

Review of activities and achievements

The trustee is satisfied with the results of the year. Income was materially the same as the previous period, grant making was reduced in order to maintain sufficient reserves. There was a deficit for the year.

FINANCIAL REVIEW

Reserves policy

The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities

of the charity. Reserves at the year end were £194,181 ( 2020 - £200,531).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as limited company and is governed by its Memorandum and Articles of Association dated 27 May 1979.

Organisational structure

The power to appoint new trustees is vested in the continuing board. New trustees are appointed based on personal competence, specialist skills and experience They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity and its working. They are also encouraged to read the Charity Commission's various publications on trustees.

Risk review

The trustee has confirmed that there are no major risks to which the charity is exposed.

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 30 December 2021 and signed on its behalf by:

J Hirschler - Trustee

2021

2020

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3,600

3,549

Investment income

3

13,163

13,131

Total

16,763

16,680

EXPENDITURE ON

Raising funds

4

1,456

9,864

Charitable activities

Charitable activites

21,657

36,842

Total

23,113

46,706

NET INCOME/(EXPENDITURE)

(6,350

)

(30,026

)

RECONCILIATION OF FUNDS

Total funds brought forward

200,531

230,557

TOTAL FUNDS CARRIED FORWARD

194,181

200,531

2021

2020

Total

Total

funds

funds

Notes

£

£

FIXED ASSETS

Investments

Investments

9

2

2

Investment property

10

110,468

110,468

110,470

110,470

CURRENT ASSETS

Debtors

11

52,773

50,260

Cash at bank

34,129

43,532

86,902

93,792

CREDITORS

Amounts falling due within one year

12

(3,191

)

(3,731

)

NET CURRENT ASSETS

83,711

90,061

TOTAL ASSETS LESS CURRENT LIABILITIES

194,181

200,531

NET ASSETS

194,181

200,531

FUNDS

14

Unrestricted funds:

General fund

114,181

120,531

Revaluation Reserve

80,000

80,000

194,181

200,531

TOTAL FUNDS

194,181

200,531

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 30 December 2021 and were signed on its behalf by:

J Hirschler - Trustee

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.

Preparation of consolidated financial statements

The financial statements contain information about Anleydale Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

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.

2.	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.

The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore, the valuations are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

3.	INVESTMENT INCOME

2021

2020

Unrestricted

Total

funds

funds

£

£

Rents received

10,640

10,675

Deposit account interest

10

56

Loan Interest Received

2,513

2,400

13,163

13,131

4.	RAISING FUNDS

Investment management costs

2021

2020

Unrestricted

Total

funds

funds

£

£

Management and letting fees

-

1,515

Rates

-

116

Insurance

1,026

1,026

Property repairs

430

7,207

1,456

9,864

5.	GRANTS PAYABLE

2021

2020

£

£

Charitable activites

20,250

35,000

The total grants paid to institutions during the year was as follows:

2021

2020

£

£

Education

-

30,000

Relief of poverty

20,000

5,000

Medical

250

-

20,250

35,000

Vaad Harabonim

20,000

Ezer Yoldos

250

20,250

6.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

£

£

Charitable activites

116

1,291

1,407

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

2021

2020

Charitable

Total

activites

activities

£

£

Bank charges

116

77

Independent examiner's fee

-

480

Independent examiner's other fees

-

900

General expenses

451

385

Accountancy fees

840

-

1,407

1,842

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

8.	AVERAGE NUMBER OF STAFF

The average number of staff in the year was Nil (2020 -Nil)

9.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

MARKET VALUE

At 1 April 2020 and 31 March 2021

2

NET BOOK VALUE

At 31 March 2021

2

At 31 March 2020

2

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:

Kinstene Co Ltd

Registered office: First Floor,94 Stamford Hill London N16 6XS

Nature of business: Property Investment

%

Class of share:

holding

Ordinary

100

31.3.21

31.3.20

£

£

Aggregate capital and reserves

460,298

458,544

Profit for the year

9,219

6,463

10.	INVESTMENT PROPERTY

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

110,468

NET BOOK VALUE

At 31 March 2021

110,468

At 31 March 2020

110,468

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed by group undertakings

52,773

50,260

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other loans (see note 13)

126

126

Other creditors

2,225

2,225

Accruals and deferred income

840

1,380

3,191

3,731

13.

LOANS

An analysis of the maturity of loans is given below:

2021

2020

£

£

Amounts falling due within one year on demand:

Trustee's Loan Account

126

126

14.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.20

in funds

31.3.21

£

£

£

Unrestricted funds

General fund

120,531

(6,350

)

114,181

Revaluation Reserve

80,000

-

80,000

200,531

(6,350

)

194,181

TOTAL FUNDS

200,531

(6,350

)

194,181

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

16,763

(23,113

)

(6,350

)

TOTAL FUNDS

16,763

(23,113

)

(6,350

)

Comparatives for movement in funds

Net

movement

At

At 1.4.19

in funds

31.3.20

£

£

£

Unrestricted funds

General fund

150,557

(30,026

)

120,531

Revaluation Reserve

80,000

-

80,000

230,557

(30,026

)

200,531

TOTAL FUNDS

230,557

(30,026

)

200,531

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

16,680

(46,706

)

(30,026

)

TOTAL FUNDS

16,680

(46,706

)

(30,026

)

15.	RELATED PARTY DISCLOSURES

The charity received loan interest from its subsidiary in the sum of £2,513 (2020 - £2,400). The amount due from the subsidiary at the balance sheet date was £52,773 (2020: £50,260).