Post on 30-May-2022
COMPANY REGISTRATION NUMBKR 0874560
HIGHFIELD CHARITIES LIMITED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR
5 APRIL 2016
Charity Number 254293
COHEN ARNOT. D( hnlterecl Acenuntanlt)Vess 13urhngton 1-louae
107s I'inchle) l(oa012)NO()V
ViV 1 I OPU
HIGHFIELD CHARITIES LIMITEDCOMPANY LIMITED BY GUARANTEE
PINANClAL STATEMENTS
YEAR ENDED 5 APRIL 2016
CONTENTS
Members of the Board and professional advisers
Trustees Annual Report
independent examiner's repnrt to the members
Statement of financial activities (incorporating theincome and expenditure account)
Balance sheet
Notes to the financial statements
The following pages do not form part of ihe financial statements
Detailed statement of financial activities
PAtlES
2 to 3
7to9
10 to 11
HIGHFIELD CHARITIES LIMITEDCOMPANY LliiIITED BY GUARAiVTEE
MElstBERS OF THE BOARD AND PROFESSiONAL ADVISERS
Registered charity name
Charity number
Company registration number
I-lighfield Charities Liniited
254793
0874560
Registered office
Trustees
independent examiner
New Burlington House1075 Finchley RoadLondonNWI I OPU
Mr M M EisenthalMrs 3 ICaufman
Moshe Broner-Cohen ACANew Burlington House1075 Fincliley RoadLONDONNWI I OPU
HIGHFIELD CHARITIES LIIVIITEDCOMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT
YEAR ENDED 5 APRIL 2016
Thc trustees, who arc also directors for the purposes of company law, present their report and the unaudited
financial statements of the charity for the year ended 5 April 2016.
REFERENCE AND ADM1NISTRAT1VE DETA1LS
Reference and administrative details are shown in the schedule of members of the board and professionaladvisers on page I of the financial statements.
THE TRUSTEES
The trustees who served the charity during the period were as follows:
Mr S EisenthalMrs V SchussheimMr M M EisenthalMrs J Kaufman
Mr M M Eisenthal was appointed as a Member of the Committee on 4 April 2016.Mrs J Kaufman was appointed as a Member of the Committee on 4 April 2016.Mr S Eisenthal passed away on 21 March 2016.Mrs V Schussheim retired as a Member of the Committee on 4 April 2016.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is governed by the Article and Memorandum of Association dated 17th October 1967
Appointment, Training and Recruitment of Trustees
The organisation is run by the trustees. Each trustee holds office until he/she dies or ceases to hold office byvirtue of Article 47 of the Articles ot'Association.
It is not the attention of the trustees of the charity to appoint any new trustees. Should the situation change in thefuture, the trustees will apply suitable recruitment, training and induction procedures.
None of the trustees have any beneficial interest in thc company.
RISK MANAGEMENT
The trustees have identiiied and reviewed thc major risks to which thc Trust is exposed, in particular thoserelated tu the operations and lmance of the Trust. and arc satisfied tlmt systems arc in place to mitigate thoserislts.
Pinancial risk lnanagement and policics
The charity holds or issue financial instruments in order to achieve three mam objectives bein .
a)b)
c)
lo tnlanCC IIS opclutlonslu inanagc ils cxpuinirc to iiltci'csl ilnd clilvcncy risks al ising Il'uul operations und
Ironi ils soul ces ot tul iilce, IndIui' gcllcl allo ' hinds
In ad(lition vartous tinancllll 111su'unlcnls (e trade Iichturs, tladc clcditol"I, acct ullissnd pfcpaynlcnts) arlsl'.
directly Iium thc chmity's upcrations
HIGHFIELD CHARITIES LIMITEDCOMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT (caalimlaiii
YEAR ENDED 5 APRIL 2016
Credit risks
The charity monitors credit risk closely and considers that its current policies of credit risk checks meets its
objectives of managing exposure to credit risk.
The charity has no significant concentrations of credit risks. Amounts shown in the balance sheet represent themaximum credit exposure in the event other parties fail to perform their obligations under the financialinstruments.
It is recognised that systems can only provide reasonable but not absolute assurance that nlajor risks have beenadequately managed.
OBJECTIVES, AIMS AND ACTIVITIES FOR THE BENEFIT OF THE PUBLIC
The charity was established to further those purposes which recognised as charitable by English Law in UnitedKingdom and abroad. .
The trustees confirm that they have referred to the guidance contained in the Charity's Commission's generalguidance on public benefit when reviewing the charity's ailn and objectives and in planning future activities andsetting thc grant making policy for the year.
The charity was set up to support the activities of charitable organisations. The trustees identify institutions andorganisations which meet its criteria and regularly support a number of these institutions and organisations,which themselves are growing not only in England but also worldwide.
The charity is also supportive of organisations which are solely committed to the relief of poverty. Suchorganisations assist needy Jewish families financially and also through distribution of basic needs.
ACHIEVEMENTS AND PERFORMANCE
During the year the charity continued its support of charitable organisations.
FINANCIAL REVIEW
The charity holds investrncnt property which ensures a steady stream of income to meet the ongoing calls madeto the charity. Tbe property was vacant during the year. The charitable donations paid during the year wercf5,950 (2015.'L46, 530k
PLANS FOR FUTURE PERIODS
'fhe trustees are satisfied with the charity's performance and plan to continue its current activities.
SIVIALL CON1PANY PROVISIONS
I'his rcpcrt has been prepared in accoi clancc with i»c provi1ioiis a»plica»le io contpanics cntilled to the s»mll
cot»panic& cxcnlpiloil
Registered office,Ncw Bullinglon I louseI 075 Pinr. lilev Riiad
I .on cl0 i i
NW I I 0I'I
Si ned on behalf ot ilia» usices
I 1 usicc
19 Scpimlibci 2016
HIGHFIELD CHARITIES LIMITEDCOMPANY LIMITED BY GUARANTEE
INDEPKNDKNT EXAMINER'S REPORT TO THE MEMBERS OFH IGHFIKLD CHARITIES LIMITED
YEAR ENDED 5 APRIL 2016
I report on the accounts of the charity for the year ended 5 April 2016 which are set out on pages 5 to 9
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of Highfield Charities Limited for the purposes of company law) areresponsible for the preparation of the accounts. The trustees consider that an audit is not required for this yearunder section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent
examination, it is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Comniission undersection 145(5)(b) of the 2011 Act; and
io state whether particular matters have come to my aitention,
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the general Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charily and a comparison of the accountspresented with those records, lt also includes consideration of any unusual items or disclosures in the accounts,and seeking explanations I'rom you as trustees concerning any such matters. The procedures undertaken do nolprovide all the evidcncc that would be required in an audit and consequently no opinion is given us to whether
the accoums present a 'true and fair view' and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATKMENT
In connection with my examination, no matter has come to my attention;
(I) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirementsof section 396 of the I.'ompanies Act 2006 and with the methods and principles of thc Statement ofRecommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to wliich, in my opmion, attention shonld be drawn in order to enable a piopcr understanding ol' the accountsfo be ieached.
Moshc Broner-Cohen A&'A
Independent ei, aininci
New I1ui linalnn I loiisc1075 I inchlcy RoadLONDONN VY I I f)I'll
19 bcplcmbcr '016
HIGHFIELD CHARITIES LIMITEDCOMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THKINCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 5 APRIL 2016
Total Funds Total Funds2016 2015
Note 8 f.INCOME AND ENDOWMENTSDonations and legaciesInvestment income
TOTAL INCOME
50,0004)875 19,300
54,875 19,500
EXPENDITUREExpenditure on raising funds:
Investment management costsExpenditure on charitable activities
TOTAL EXPENDITURE
45/6
(1,651)(8,350)
(I 0,001)
(70)(50,557)
(30,627)
NET INCOME/(EXPENDITURE) AND NET MOVEMENT IN FUNDSFOR THE YEAROTHER RECOGNISED GAINS AND LOSSESLosses on investment assets
NET MOVEMKNT IN FUNDSRECONCILIATION OF FUNDSTotal funds brought forward
TOTAL FUNDS CARRIED FORWARD
44,874
(67,726)
(22,852)
207,954
185,102
(31,127)
(31,127)
239,081
207,934
The Statement of financial activities includes all gains and losses in the year.
All of the above amounts relate to continuing activities.
Thc llotcs oil p lgcs 7 to 9 form part of thcsc I'inancial statements
EIIGHFIEiLD CHARITIES LIMITEDCOIVIPANY LIMITED BY GUARANTEE
BA LANCE SH L'ET
5 APRII, 2016
2016N I)'I c
20IS
FIXI'.D Aglil: I'5
I In v os I ln c 1 I t s
CURRENT ASSETSCash at bank
CREDITORS: Amounts falling duewithin onc year
659561
9 (10,459)
130,000
18,287
(8,059)
I 97,726
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NKT ASSETS
55,102
185,102
185,1 02
10,228
207,954
207,954
FUNDS OF THE CHARITYUNRESTRICTED INCOME FUNDS:Unrestricted income funds
Revaluation reserve10 252,82810 (67,726)
207 cJS4
TOTAL UNRESTRICTED INCOME FUNDS
TOTAL CHARITY I UNDS
185,102
185,102
207,954
207,954
For the year ended 5 April 2016 the charity was entitled to exemption ftom audit under section 477 of the
Companies Act 2006 relating to small companies.
Trustees' responsibilities. '
~ The members have not required the charity to obtain an audit ol' its accounts for the yern in question in
accordance with section 476; and
~ 'I'he trustees acknowledge their responsibilities for complying with the requirements ol'the Act with respect
to accounting records and thc preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the
small companies regime and with the Financial Reporting Standurd I'or Smaller Entities (effective January 20 I 5).
'I'hesc linancial statements were approved by the trustees and authorised for issue on the 19 September 2016 and
arc signed on their behalfby:
'I rnstcc
I'ompany lte" ti, u atiiin Numl&er: 0874560
I hc nntci on I)uucc 7 to ii I'erin ])at I rii tlicsc I'in, inci'il itiitcntcnti
HIGHFIFLD CHARITIES LIMITEDCOMPANY LIMITED BY GIjARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR EiVDED 5 APRIL 2016
I. ACCOUNTING POLICIES
Basis of accounting
The financial statements Imve been prepared under the historical cost convention, as nsodified by the
revaluation of certain fixed assets and investments measured at market value. The financial statenscnts have
been prepared in accordance with tbe Financial Reporting Standard for Smaller Entities (el'fective January
2015), and the requirements of 'Accounting and Reporting by Charities' Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard for Smaller Entities (effective January 2015)(SORP 2015).
IncomeDonations and grants are included as income when they are received.
Expenditure
All expenditure is classified under the Charity's principal categories of charitable and other expenditure and
by the type of expense.
Fund Accounting
(iencral unrestricted funds comprise thc accumulated surplus or deficit on income and expenditure account.
They me available for use at the discretion of the Trustees in furtherance of the general objectives of thc
Charity.
Restricted funds are I)mds subject to specific restricted conditions imposed by donors. There are no
restricted funds as at the Balance Sheet date.
Designated funds are funds, which have been set-aside at the discretion of the Trustees for specific
purposes. There are no designated funds as at the Balance Sheet date.
Properties held for investment
The company's investment properties are included in the I'inancial Statements at the trustees' best estimate
of market value at the Balance Sheet date. The unrealised gains and losses are shown in the Statements ofFinancial Activities.
Taxation
The Chartty is not linble to direct taxation (Income 'I'ax) on its income as it falls within the various
exemptions available to registered charities.
Thc Charity is not rcgistcred for valued added tax (VAT) and is therefore unable to reclaim any input tax it
sufi'ers on its purchases. Expenditure in the Accounts is therefore shown inclusive of VAT where
appropriate.
DONATIONS AND I.E(JA('IES
D it Il a t i 0 II sDonation
Unrestricted Total Funds t&nrcsiricied
Funds 2016 I ulsds
f.
50,0(ii) 50,000
f~ tal I. »mis
2ti I'
(
I Iic donatio» received oui i» iiic )car uiis fium the laic I rusicc, ihli 5 I-:ise»thai
ik IVVI 5'I VII:.iV f liN('ONI I'.
HIGHI'IELD CHARITIES I IMITEDCOIYIPANY LIMITED BY GUARANTEE
il(3TES TO TIIE FIVANCIAL STATEMEVTS
YEAR EIVDED 5 APRIL 201(')
Un restrictedFunds
4)875lnconie from UK investmcnt property
4. INVESTMENT MANAGEMENT COSTS
Total Funds2016
4,875
Lfnrestricted
Funds
19,500
'I o(al Fnnifs
2015
19,500
Bank chargesService chargesLight and I-leat
I.egal and professional fees
UnrestrictedFunds
57962
32600
1,651
Total Funds2016
5796232
600
1,651
UnrestrictedFunds
70
70
Total Funds20156
70
70
5. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
Grants paidSupport costs
UnrestrictedFunds
5,9502,400
8,350
Total Funds20166
5,9502)400
8,350
UnrestrictedFunds
46,5304,027
50,557
Total Funds2015
46,5304,027
50 557
6. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
(ir;inls paidDove('l(alice costs
Grants paid
5,950
5,950
Total Funds2016
5,9502,400
8,350
Total Funds2015f
46,5304,027
:0,557
GRANTS PAYABLE
The following grant payments were made during the year ended 31 March 2016;
Yesoday I-fatorah SchoolAmount~ below f 1,000
2(11(i
6
c (10
-150
Total Grants Paya hlc ) 950
All ihc grants werc mad(: foi ilic put poses of iifiei the a(lvancwmcn( of.lev isl) educiition oi tile allcvia(((Illol povci ty.
S'I AFF COSTS A VD Eiylt)I, UMEV'I'S
No salaiics or wages have heen paul to employees. including the trustees, during the year
'1'Ilc clhai i(y ifi(f not meri an( iniiividu;il cvpmincs incuocd fl& thc tius(ecs fill set vlci'5 fil'ovl(fc(l tll 11(c
cliaii((
8. IlxVESTMEiuTS
HII,'HFIFI. D CHARITIFtv LIMITFDCOMPANY LIIVIITFD BY i UARAViTFE
NOTES TO THE FINANCIAL STATEblENTS
YEAR ENDED 5 APRIL 2016
Movcmcnt in market value
Market value at 6 April 2015Nct gains on revaluations in the year ended 5 April 2016
Market value at 5 April 2016
Historical cost at 5 April 2016
Analysis of investments at 5 April 2016 between funds
Other investmentsUK Investment Property
2016 20IJf
197,726 197,726(67&726)
130,000 197,726
197,726 197,726
Total Funds Total Funds2016 2015
f.
130,000 I 97,726
Leasehold land and building was revalued on 31 August 2016 by Alan Jones BSc MRICS of Cooke k.Arkwright, a Registered Valuer under the RICS Valuer Registration Scheme.
9. CREDITORS: Amounts falling due within one year
Other creditors
20166
10&459
2015
5,059
10. UNRESTRICTED INCOME FUNDS
General t unds
Balance st6 April 2015
207&954
Income Cains and losses
44&874 (67,726)
Balance at5 April 2016
185,102
11. ANALYSIS OF NFT ASSETS BETWEEN FUNDS
Unrcstrictcd Income Funds
Total Iiunds
Tangible fixedassets
130,UUII
131!,UUII
Other netassets
55, 1U2
55, 102
Total
185,102
185, 102
12. COMPANY LliNHTI. D BY Gt!ARAiN I'EE
Thc company is limited by guarantee aml has nn share capital. I'hc liability of the members i& liniited io ihe
sum I'o f. l per member,
HIGHFIKLD CHARITIKS LIMITEDCOMPANY LIMITED BY GUARANTEE
VIANAOEMENT INFORlV1ATION
YEAR ENDED 5 APR1E 2016
The following pages do not form part of the statutory financial statementswhich are thc suhjcct of the independent examiner's repurt on page 4.
HIGHS'H;LD GHARITIVcs LIMITI:DCOMPANY LIMITL&D BY GUARAIVTEK
DETAILFD STATFMENT OF FINANCIAL Ac 'TIVI'I'IES
YEAR FNDFD 5 APRII. 2016
201/& 2015
INCOMING RESOURCESDONATIONS AND LKGACIESDonation
INVESTMKNT INCOMEIncome from UK investment property
50,000
4&875 19,500
TOTAL INCOME 54,875 19,500
EXPENDITUREINVESTMK&NT MANAGEMFNTCOSTSBank chmgesService chargesLight and Pleat
Legal and professionalfees
CHARITABLE ACTIVITIESCharitable Donations
GOVERNANCE COSTSAccountancy feesLegal fees
5796232
600
1,651
5,950
2,40tl
2,400
70
70
46,530
2,6401,387
4,027
TOTAL EXPENDITURE 10,001 50,627
NET INCOMING/(OUTGOING)RESOURCES FOR THE YEAR 44,874 (3 1, 127)
HIGHFIELD CHARITIES I,IMITFDCOMPANY LIMITED BY GUARANTEE
DETAII. ED STATEMENT OP FINANCIAL ACTIVITIES
YEAR ENDED 5 APRIL 2016
2016 20155
CHARITABLE ACTIVITIK.'tGrants paidGrnrtic pnidCharitable Donations 5,950 46,530