OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-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 2022

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 - 19

YAD VOEZER LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

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 start of the financial year was still 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 .

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 £ 2,022,049 (20 21 : £ 1,991,398 ) and incurred expenses of £1,912,199 (2021: £1,701,224) resulting in net incoming resources of £109,850 .

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 £966,333 which included free reserves of £448,796.

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 LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 The trustees, who are also the direciors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were.. Rabbi J Springer Rabbi S Singer Mr R Spitter The power to appoint new INstees is vesied in the t￿rd. 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 t￿lard. sufficient training to understsnd the nature of the charity and its working. They are also encouraged to read the Charity CommissKJn's various publications on trustees. The Chief Executive Officer is Mrs Z Landau who is responsible for overall management. The day to day running of the charity is delegated to clerical stsff for office dthies and speoalist staff for residential services and family support. None of the trustees has any beneficial interest in the Lxlmpany. All of the trustees are members of the company and guardntee to conlribute £1 in the event of a winding up. The Trustses are also TwsteeslDirectors of Yad Voezer Day Centre Limited. owner of the building from which all acb"vities operate. AJI material transactions are showv in the notes to the Financial Statements. Auditor In accordance with the CoMpan￿S arbths. a resdution proFrf)sing that Glazars be reappointwj as auditor of the company will be put at a General Meeting. Dlsclosure of Informatlon to auditor Each of the trustees has confimed that there is no infomiation of which they are aware which is reiev3nt tr) the audit. but of which the auditor is unaware. They have Ivrther confimied thai they have tsken appropriate steps to identify such relevant infomiation and to estsblish that the auditor is aware of such informaty"on. The trustees, report was approved by the Board of Trusiees. Rabbi S Singer Truste$ Date..

YAD VOEZER LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

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 2022 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 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
3
31,444
8,660
Charitable activities
4
1,952,887
-
Other trading activities
5
28,982
-
Investments
6
76
-
Total income
2,013,389
8,660
Expenditure on:
Charitable activities
7
1,905,039
7,160
Net incoming resources before transfers
108,350
1,500
Gross transfers between funds
1,500
(1,500)
Net income for the year/
Net movement in funds
109,850
-
Fund balances at 1 April 2021
856,483
-
Fund balances at 31 March 2022
966,333
-		 Total Unrestricted
funds
2022
2021
£
£
40,104
39,533
1,952,887
1,926,127
28,982
25,654
76
84
2,022,049
1,991,398
1,912,199
1,701,224
109,850
290,174
-
-
109,850
290,174
856,483
566,309
966,333
856,483

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 ASAT31 MARCH 2022 2022 2021 Notss Flxed assets Tangible assets 12 562.803 541,693 Current assets Debtor5 Cash at bank arKI in hand 13 114.024 463,437 63,296 432,863 S77,461 496.159 Creditors: amounts falllng due wllhln one yoar 1S 1128.665) (128,1601 Net current assets 448,796 367,999 T¢)tal assets hss Current liabilities 1,011,599 )9,692 Creditors: amounts lalllng due after more than one year 16 145,2661 {53,2091 Net a•￿ts 966,333 856,483 Incom• funds Unrestricted funds 966.333 856,483 966,333 856.483 The company is enlitled to the exemption from the audTt requirement contsined in section 477 of the Companies Act 2006, for the year ended 31 March 2022, athough an audit has been earried out under section 144 of the Charitses Act 2011. The direclors acknowledge their responsith'lities for complying the requirements of the Companies Ad 2006 with respect to accountiThJ records arbd the preparation of financial statements. The members have not required the ￿mPanY to obtam an audrt of its financial statements under the requirements ofthe Companies Act 2006, for the year in Questi￿ in a￿ordanCe with section 476. These finanrial statements have been prepared in ac￿rdanCe with the provisions applicable lo companies subject to the small companies regime. The financial stateménts were approv&J by the Trustees on ......................... Rabbi S Singer Trust•e Company Reglstratlon No. 02442085

YAD VOEZER LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash generated from operations
18
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		 2022
£
(54,975)
76
(7,868)		 £
93,341
(54,899)
(7,868)
30,574
432,863
463,437		 2021
£
(24,102)
84
(3,827)		 £
354,855
(24,018)
(3,827)
327,010
105,853
432,863

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 2022

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 2022

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 volatile property market, 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 2022

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations and gifts
3,190
-
Grants
28,254
8,660
31,444
8,660		 TotalUnrestricted
funds
2022
2021
£
£
3,190
12,192
36,914
27,341
40,104
39,533

Included in unrestricted grants is £16,057 received under the Coronavirus Job Retention Scheme, and £11,197 Covid-19 grants received from the local authority.

4 Charitable activities

Residential
Residential
care fees
care fees
2022
2021
£
£
Private care fees 2,880
-
Recharged expenditure 71,800
51,342
Government and local authority funding 1,878,207
1,874,785
1,952,887
1,926,127
5 Other trading activities
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Rental income 28,982 25,654
6 Investments
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Deposit account interest 76 84

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

7 Charitable activities

Direct
charitable
activities
General
management
and
administration
2022
2022
£
£
Staff costs
1,013,831
-
Depreciation and
impairment
31,833
-
Insurance
23,106
-
Light and heat
26,576
-
T elephone
2,496
-
Printing, postage
and stationery
763
-
Rent, rates and
service charge
69,423
-
Cleaning
4,638
-
Repairs and
maintenance
70,801
-
Staff training and
recruitment
11,967
-
Computer costs
5,094
-
Motor expenses
8,265
-
Travelling
11,822
-
Food &
kitchenware
120,990
-
Residents' welfare
expenses
33,292
-
General expenses
576
-
Other charitable
expenditure
158,442
-
1,593,915
-
Grant funding of
activities (see
note 8)
20,000
-
Share of support
costs (see note 9)
127,282
135,087
Share of
governance costs
(see note 9)
-
35,915
1,741,197
171,002
Analysis by
fund
Unrestricted funds
1,734,037
171,002		 Total
2022
Direct
charitable
activities
General
management
and
administration
2021
2021
£
£
£
1,013,831
1,039,087
-
31,833
22,371
-
23,106
24,147
-
26,576
26,613
-
2,496
1,847
-
763
583
-
69,423
57,641
-
4,638
6,296
-
70,801
64,226
-
11,967
803
-
5,094
737
-
8,265
2,607
-
11,822
7,062
-
120,990
100,127
-
33,292
34,166
-
576
11,665
-
158,442
90,564
-
1,593,915
1,490,542
-
20,000
-
-
262,369
97,822
103,821
35,915
-
9,039
1,912,199
1,588,364
112,860
1,905,039
1,588,364
112,860		 Total
2021
£
1,039,087
22,371
24,147
26,613
1,847
583
57,641
6,296
64,226
803
737
2,607
7,062
100,127
34,166
11,665
90,564
1,490,542
-
201,643
9,039
1,701,224
1,701,224

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

7 Charitable activities

Charitable activities
Restricted funds
7,160
1,741,197
Grants payable
Grants to institutions:
Yad Voezer Day Centre Ltd
Support costs
Support
costs
£
Staff costs
192,622
Depreciation
2,032
Cleaning
1,804
Printing, postage &
stationery
16,545
Insurance and L&P fees
22,771
Travelling
837
Advertising
8,861
Telephone
1,344
Rent, rates and service
charge
4,690
Repairs and
maintenance
8,751
Staff training
2,112
Audit fees
-
Accountancy
-
Legal and professional
-
Bank charges
-
262,369
Analysed between
Charitable activities
262,369		 Charitable activities
Restricted funds
7,160
1,741,197
Grants payable
Grants to institutions:
Yad Voezer Day Centre Ltd
Support costs
Support
costs
£
Staff costs
192,622
Depreciation
2,032
Cleaning
1,804
Printing, postage &
stationery
16,545
Insurance and L&P fees
22,771
Travelling
837
Advertising
8,861
Telephone
1,344
Rent, rates and service
charge
4,690
Repairs and
maintenance
8,751
Staff training
2,112
Audit fees
-
Accountancy
-
Legal and professional
-
Bank charges
-
262,369
Analysed between
Charitable activities
262,369		 (Continued)
-
7,160
-
-
-
171,002
1,912,199
1,588,364
112,860
1,701,224
Direct
charitable
activities
2021
2022
£
£
20,000
-


Governance
costs
2022
Support
costs
Governance
costs
2021

£
£
£
£
£

-
192,622
144,630
-
144,630

-
2,032
1,392
-
1,392

-
1,804
506
-
506

-
16,545
13,089
-
13,089

-
22,771
27,709
-
27,709

-
837
1,292
-
1,292

-
8,861
1,938
-
1,938

-
1,344
1,420
-
1,420

-
4,690
4,696
-
4,696

-
8,751
2,121
-
2,121

-
2,112
2,850
-
2,850

2,400
2,400
-
2,400
2,400

4,800
4,800
-
4,800
4,800

27,347
27,347
-
849
849

1,368
1,368
-
990
990

35,915
298,284
201,643
9,039
210,682

35,915
298,284
201,643
9,039
210,682
262,369
262,369

8 Grants payable

9 Support costs

Governance costs includes payments to the auditors of £ 2,400 (2021- £ 2,400 ) for audit fees.

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10 Trustees

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

11 Employees

The average monthly number of employees during the year was:

Residential Homes
Clerical
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
56
8
64
2022
£
1,101,612
88,581
16,260
1,206,453		 2021
Number
55
8
63
2021
£
1,084,174
84,189
15,354
1,183,717

Key management personnel remuneration totalled £63,881.

The number of employees whose annual remuneration was more than £60,000 is as follows:

£60,000 is as follows:
2022 2021
Number Number
£60,001 - £70,000 1 2
£70,001 - £80,000 1 1

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

12
Tangible fixed assets
Freehold land
and buildings
Fixtures and
fittings
Motor vehicles
£
£
£
Cost
At 1 April 2021
810,604
259,829
15,442
Additions
-
54,975
-
At 31 March 2022
810,604
314,804
15,442
Depreciation and impairment
At 1 April 2021
296,514
241,980
5,688
Depreciation charged in the year
16,212
14,565
3,088
At 31 March 2022
312,726
256,545
8,776
Carrying amount
At 31 March 2022
497,878
58,259
6,666
At 31 March 2021
514,090
17,849
9,754
13
Debtors
2022
Amounts falling due within one year:
£
Trade debtors
96,708
Other debtors
17,316
114,024		 Total
£
1,085,875
54,975
1,140,850
544,182
33,865
578,047
562,803
541,693
2021
£
61,228
2,068
63,296

Included in other debtors is £13,680 (2021: £1,713) due from Yad Voezer Day Centre, the remaining amount relates to Residents Loan accounts.

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

14 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.
Creditors: amounts falling due within one year
Notes
Bank loans
14
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
Creditors: amounts falling due after more than one year
Notes
Bank loans
14		 2022
£
53,135
7,869
45,266
(13,790)

2022
£
7,869
25,618
50,200
37,778
7,200
128,665
2022
£
45,266		 2021
£
61,003
7,794
53,209
(20,692)
2021
£
7,794
24,838
50,770
27,237
17,521
128,160
2021
£
53,209

15 Creditors: amounts falling due within one year

16 Creditors: amounts falling due after more than one year

17 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 £ 13,680.

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

During the year Yad Voezer Ltd made a grant of £ 20,000 to Yad Voezer Day Centre Limited .

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

18 Cash generated from operations 2022 2021
£ £
Surplus for the year 109,850 290,174
Adjustments for:
Investment income recognised in statement of financial activities (76) (84)
Depreciation and impairment of tangible fixed assets 33,865 23,763
Movements in working capital:
(Increase) in debtors (50,728) (6,468)
Increase in creditors 430 47,470
Cash generated from operations 93,341 354,855
19 Analysis of changes in net funds
At 1 April 2021 Cash flows At 31 March 2022
£ £ £
Cash at bank and in hand 432,863 30,574 463,437
Loans falling due within one year (7,794) (75) (7,869)
Loans falling due after more than one year (53,209) 7,943 (45,266)
371,860 38,442 410,302