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2021-03-31-accounts

Charity Registration No. 1032490

Company Registration No. 02442085 (England and Wales)

YAD VOEZER LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

YAD VOEZER LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Rabbi J Springer
Rabbi S Singer
Mr R Spitzer
Secretary Mrs Z Landau
Charity number 1032490
Company number 02442085
Registered office 9 Amhurst Park
London
England
N16 5DH
Auditor Glazers
843 Finchley Road
NW11 8NA
Bankers National Westminster Bank Plc
198 Stoke Newington High Street
London
N16 7GA

YAD VOEZER LIMITED

CONTENTS

Page
Trustees' report 1 - 2
Statement of trustees' responsibilities 3
Independent auditor's report 4 - 6
Statement of financial activities 7
Balance sheet 8
Statement of cash flows 9
Notes to the financial statements 10 - 20

YAD VOEZER LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their annual report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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 ).

Objectives and activities

The charity's objects are to provide and administrate services for learning disabled people, including residential and respite care, supported accommodation and family support.

The Trustees have considered the Charity Commission's general guidance on public benefit.

The charity achieves its objects by managing three Registered Care Homes (two owned by AIHA) for 25 residents, two Supported Housing projects and support is provided for two clients living in their own home. Residents of the Registered Homes are for the most part Government funded and Supported Housing clients only receive funding from Local Authority for their care, which Yad Voezer supplies.

Achievements and performance

T he financial year was dominated by the impact of the coronavirus on the people supported by the charity and its staff.

During the course of the year, Yad Voezer has continued to provide residential care and support in its Registered Homes and Supported Housing projects.

In addition to basic care and support, Yad Voezer has continued to develop the capabilities of its residents by providing a range of activities , however due to the pandemic some activities have had to be reduced or postponed meanwhile.

Yad Voezer continues to promote social integration and continues to expand clients' social interaction with the local community.

In the year under review the charity generated income of £ 1,991,398 (20 20 : £ 1,870,134 ) and incurred expenses of £1,701,224 (2020: £2,440,459) resulting in net incoming resources of £290,174 .

Financial review

The trustees are satisfied with the financial results for the year under review, which are set out in the attached Financial Statements together with the notes thereon.

It is the policy of the charity to maintain the charity's free reserve s , at a level, which the trustees think appropriate after considering future commitments and the day to day running costs of the residential homes and supported housing projects. The amount on the Unrestricted fund at the year end was £856,483 which included free reserves of £367,999.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

T he trustees aim to continue activities as currently, with a stress on ensuring that all functions of the charity are financially sustainable.

Structure, governance and management

The charity is a company limited by guarantee and is governed by its Memorandum and Articles of a ssociation dated 10 November 1989 as amended by special resolutions dated 5 November 1993 and 2 July 2018.

YAD VOEZER UMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The trustees, are also the for pw Iw, WKI during thè year and up to the date ofsignature ofthe IlnarKial Statem￿ Mye: Rabbi J Springer Rabbi S Singer rRSwknr ompetence, spetsabst skilb and Owen￿ They ￿ ￿th￿ed into the of Ihe thanty by the ¢uffent board and are given, in the the bo•d. 5ufficiurt trainiTr3 to ￿￿$tand the n•knre of the d)arity and rts The Chief Exeajtive Officer 1$ Klr5 2 Lindau •) is reSp￿th for 0￿ra1 mv•Jefrnt The day lo day Nnning Sup￿) arKI guarantee to cr￿lIxrte £1 In the of • ￿. The Tntstees are 8180 Tr￿tee￿'reCtOlS ofyad Voezer Day Cenlre Lwnited. ofthè t￿iktIng from all Auditor company *fjll be put at a G￿le￿I Meding. Rabbi S &nger Tnjstso

YAD VOEZER LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2021

The trustees, who are also the directors of Yad Voezer Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

YAD VOEZER LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YAD VOEZER LIMITED

Opinion

We have audited the financial statements of Yad Voezer Limited (the ‘charity’) for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice) .

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

YAD VOEZER LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YAD VOEZER LIMITED

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the s tatement of trustees' r esponsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below .

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:

2) Discussions among the engagement team regarding how and when fraud might occur in the financial statements and any potential indicators of fraud.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

YAD VOEZER LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YAD VOEZER LIMITED

We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and the Charities Act 2011 .

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity's ability to operate or avoid a material penalty.

As a result of performing the above, we did not identify any key audit matters related to the potential risk of fraud or non-compliance with laws and regulations.

In addition to the above, our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

We note that our audit is not primarily designed to detect non-compliance with laws and regulations and the Trustees and other management are responsible for such internal control as the Trustees and other management of the Charity determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to errors or fraud, including compliance with laws and regulations. Additionally, owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Glazers ......................... Chartered Accountants 843 Finchley Road Statutory Auditor London NW11 8NA

Glazers is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as a uditor of a company under section 1212 of the Companies Act 2006.

YAD VOEZER LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted Unrestricted
funds
funds
2021
2020
Notes
£
£
Income from:
Donations and legacies 3 39,533
3,966
Charitable activities 4 1,926,127
1,831,880
Other trading activities 5 25,654
34,148
Investments 6 84
140
Total income 1,991,398
1,870,134
Expenditure on:
Charitable activities 7 1,701,224
2,440,459
Net income/(expenditure) for the year/
Net movement in funds 290,174
(570,325)
Fund balances at 1 April 2020 566,309
1,136,634
Fund balances at 31 March 2021 856,483
566,309

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

YAD VOEZER LIMITED BALANCE SHEET AS AT31 AIARCH 2021 2020 Tangib￿ a$￿ts 11 541.693 541.354 Debtors Cash at bank and in hand 12 63.296 56,828 105.853 496,159 162.681 14 (128,160) (81.728) 80,965 )9.692 622,309 mx• than y•ar 15 (532091 156,000) 858.483 566,309 Unrestrthd fvnds 566.309 856.483 566,309 The company is eTr￿ded to the eXeMOK￿ frryn the rEwyerr￿t contained in 8eclion 4TT of the Conpanies Act 2Cth, for the year ended 31 2021. an has be￿ cwned Ixrt under sKtion 144 of the Chaiilie$Act 2011. The diredr￿S acknovAedge thw respThibillies ctsnthng ￿1th tr requir￿n￿ts ofthe Cryie8 Ara 2006 The nwmbern have not wu￿ed the ¢cryany to obkn an autht of ts ffinanca￿ staternents urwjer the requirements ofthe Companies Ad 2rK6, fr* the year in arwdm ￿ s•cliM 476. subjed to the small companies regin￿. Rabbi S Singer

YAD VOEZER LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities
Cash generated from operations
17
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
(24,102)
84
(3,827)		 £
354,855
(24,018)
(3,827)
327,010
105,853
432,863		 2020
£
(1,521)
140
(7,482)		 £
43,210
(1,381)
(7,482)
34,347
71,506
105,853

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Yad Voezer Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 9 Amhurst Park, London, N16 5DH, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% on cost Fixtures and fittings 20% on reducing balance Motor vehicles 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Property valuation

The valuation of the charity's Freehold property is subject to a degree of uncertainty, as the value depends on various factors including the nature of the property, its location and expected future net rental values, market yields and comparable market transactions, and particularly due to the currently unknown effects of Brexit and Covid-19, and is made on the basis of assumptions which may not prove to be accurate.

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Donations and gifts 12,192 3,966
Government grants 27,341 -
39,533 3,966

Government grants relates to amounts received under the Coronavirus Job Retention Scheme.

4 Charitable activities

Residential
Residential
care fees
care fees
2021
2020
£
£
Soap factory income -
390
Private care fees -
44,230
Recharged expenditure 51,342
95,292
Government and local authority funding 1,874,785
1,691,968
1,926,127
1,831,880
Other trading activities
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Rental income 25,654 34,148

5 Other trading activities

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

6 Investments

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Deposit account interest 84 140

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

7 Charitable activities

Direct
charitable
activities
General
management
and
administration
2021
2021
£
£
Staff costs
1,039,087
-
Depreciation and impairment
22,371
-
Insurance
24,147
-
Light and heat
26,613
-
T elephone
1,847
-
Printing, postage and stationery
583
-
Rent, rates and service charge
57,641
-
Cleaning
6,296
-
Repairs and maintenance
64,226
-
Staff training and recruitment
803
-
Computer costs
737
-
Motor expenses
2,607
-
Travelling
7,062
-
Food & kitchenware
100,127
-
Residents' welfare expenses
34,166
-
General expenses
11,665
-
Bad debts
-
-
Other charitable expenditure
90,564
-
1,490,542
-
Grant funding of activities (see note )
-
-
Share of support costs (see note 8)
97,822
103,821		 Total
2021
Direct
charitable
activities
General
management
and
administration
Grant
funding of
activities
2020
2020
2020
£
£
£
£
1,039,087
1,147,880
-
-
22,371
18,325
-
-
24,147
22,462
-
-
26,613
27,416
-
-
1,847
3,729
-
-
583
355
-
-
57,641
137,080
-
-
6,296
5,183
-
-
64,226
54,078
-
-
803
17,852
-
-
737
8,910
-
-
2,607
3,343
-
-
7,062
9,577
-
-
100,127
92,996
-
-
34,166
29,613
-
-
11,665
16,885
-
-
-
100
-
-
90,564
-
-
-
1,490,542
1,595,784
-
-
-
-
-
630,000
201,643
100,253
102,013
-		 Total
2020
£
1,147,880
18,325
22,462
27,416
3,729
355
137,080
5,183
54,078
17,852
8,910
3,343
9,577
92,996
29,613
16,885
100
-
1,595,784
630,000
202,266

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

7
Charitable activities
Share of governance costs (see note 8)		 -
1,588,364		 9,039
112,860		 9,039
1,701,224		 -
1,696,037		 12,409
114,422		 (Continued)
-
12,409
630,000
2,440,459

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

8 Support costs

Support
costs
Governance
costs
£
£
Staff costs
144,630
-
Depreciation
1,392
-
Cleaning
506
-
Printing, postage &
stationery
13,089
-
Insurance and L&P fees
27,709
-
Travelling
1,292
-
Advertising
1,938
-
Telephone
1,420
-
Rent, rates and service
charge
4,696
-
Repairs and
maintenance
2,121
-
Staff training
2,850
-
Audit fees
-
2,400
Accountancy
-
4,800
Legal and professional
-
849
Bank charges
-
990
201,643
9,039
Analysed between
Charitable activities
201,643
9,039		 2021
£
144,630
1,392
506
13,089
27,709
1,292
1,938
1,420
4,696
2,121
2,850
2,400
4,800
849
990
210,682
210,682		 Support
costs
Governance
costs
£
£
137,450
-
1,138
-
2,034
-
4,772
-
34,799
-
410
-
1,068
-
2,028
-
11,497
-
6,608
-
462
-
-
3,840
-
7,080
-
-
-
1,489
202,266
12,409
202,266
12,409		 2020
£
137,450
1,138
2,034
4,772
34,799
410
1,068
2,028
11,497
6,608
462
3,840
7,080
-
1,489
214,675
214,675

Governance costs includes payments to the auditors of £ 2,400 (2020- £ 3,840 ) for audit fees.

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

Residential Homes
Clerical
Total		 2021
Number
55
8
63		 2020
Number
58
7
65

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

10 Employees (Continued)
Employment costs 2021 2020
£ £
Wages and salaries 1,084,174 1,187,153
Social security costs 84,189 86,552
Other pension costs 15,354 11,625
1,183,717 1,285,330
Key management personnel remuneration totalled £63,881.
The number of employees whose annual remuneration was more than
£60,000 is as follows:
2021 2020
Number Number
£60,001 - £70,000 2 2
£70,001 - £80,000 1 1
11 Tangible fixed assets
Freehold land Fixtures and
Motor vehicles		 Total
and buildings fittings
£
£
£		 £
Cost
At 1 April 2020 810,604
247,919
3,250		 1,061,773
Additions -
11,910
12,192		 24,102
At 31 March 2021 810,604
259,829
15,442		 1,085,875
Depreciation and impairment
At 1 April 2020 280,302
237,517
2,600		 520,419
Depreciation charged in the year 16,212
4,463
3,088		 23,763
At 31 March 2021 296,514
241,980
5,688		 544,182
Carrying amount
At 31 March 2021 514,090
17,849
9,754		 541,693
At 31 March 2020 530,302
10,402
650		 541,354

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

12 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors		 2021
£
61,228
2,068
63,296		 2020
£
54,583
2,245
56,828

Included in other debtors is £1,713 due to Yad Voezer Day Centre, the remaining amount relates to Residents Loan accounts.

13 Loans and overdrafts

Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments
The long-term loan is secured by fixed charges over the charity's freehold property.
14
Creditors: amounts falling due within one year
Notes
Bank loans
13
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
15
Creditors: amounts falling due after more than one year
Notes
Bank loans
13		 2021
£
61,003
7,794
53,209
(22,036)

2021
£
7,794
24,838
50,770
27,237
17,521
128,160
2021
£
53,209		 2020
£
64,830
8,830
56,000
(20,692)
2020
£
8,830
-
30,740
26,085
16,071
81,726
2020
£
56,000

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

16 Related party transactions

Yad Voezer Day Centre Limited is a related party having the same trustees/directors. The amount due by Yad Voezer Day Centre Limited at the balance sheet date was £ 1,713.

There are cross guarantees between Yad Voezer Limited and Yad Voezer Day Centre Limited in respect of bank loans.

In 2020 Yad Voezer Ltd made a grant of £630,000 to Yad Voezer Day Centre Limited , in addition to paying Yad Voezer Day Centre Limited rent of £52,000 .

17 Cash generated from operations 2021 2020
£ £
Surplus/(deficit) for the year 290,174 (570,325)
Adjustments for:
Investment income recognised in statement of financial activities (84) (140)
Depreciation and impairment of tangible fixed assets 23,763 19,463
Movements in working capital:
(Increase)/decrease in debtors (6,468) 641,267
Increase/(decrease) in creditors 47,470 (47,055)
Cash generated from operations 354,855 43,210
18 Analysis of changes in net funds
At 1 April 2020 Cash flows At 31 March 2021
£ £ £
Cash at bank and in hand 105,853 327,010 432,863
Loans falling due within one year (8,830) 1,036 (7,794)
Loans falling due after more than one year (56,000) 2,791 (53,209)
41,023 330,837 371,860