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2023-03-31-accounts

Charity registration number 1032490

Company registration number 02442085 (England and Wales)

YAD VOEZER LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

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

During the course of the year, Yad Voezer has continued to provide residential care and support in its Registered Homes and has expanded its Supported Housing projects with the rental of an additional home at 10 Wilderton Road.

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 £2,065,963 (2022: £2,022,049) and incurred expenses of £2,36,189 (2022: £1,912,199) resulting in net outgoing resources of £370,226.

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. The trustees have increased their fundraising efforts post year end to ensure the charity meets it reserves policy below.

It is the policy of the charity to maintain the charity's free reserves, 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 £596,107 which included free reserves of £97,090.

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

The 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 association dated 10 November 1989 as amended by special resolutions dated 5 November 1993 and 2 July 2018.

YAD VOEZER LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The trustees, who are also the directors 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 Spitzer

The power to appoint new trustees is vested in the 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.

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 staff for office duties and specialist staff for residential services and family support.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trustees are also Trustees/Directors of Yad Voezer Day Centre Limited, owner of the building from which all activities operate. All material transactions are shown in the notes to the Financial Statements.

Auditor

In accordance with the company's articles, a resolution proposing that Glazers be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

.............................. Rabbi S Singer Trustee

Date: .............................................

YAD VOEZER LIMITED

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2023

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 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and 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 Financial Reporting Standard 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.

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:

YAD VOEZER LIMITED

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

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, 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:

1) Enquiries of management concerning the charity's policies and procedures relating to:

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 non-compliance 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 auditor's 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 auditor 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 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and
legacies
3
7,311
9,110
Charitable activities
4
2,037,123
-
Other trading
activities
5
10,025
-
Investments
6
2,394
-
Total income
2,056,853
9,110
Expenditure on:
Charitable activities
7
2,427,079
9,110
Gross transfers
between funds
-
-
Net (expenditure)/income
for the year/
Net movement in funds
(370,226)
-
Fund balances at 1 April
2022
966,333
-
Fund balances at 31
March 2023
596,107
-		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
16,421
31,444
8,660
2,037,123
1,952,887
-
10,025
28,982
-
2,394
76
-
2,065,963
2,013,389
8,660
2,436,189
1,905,039
7,160
-
1,500
(1,500)
(370,226)
109,850
-
966,333
856,483
-
596,107
966,333
-		 Total
2022
£
40,104
1,952,887
28,982
76
2,022,049
1,912,199
-
109,850
856,483
966,333

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 AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
16
Net assets
Income funds
Unrestricted funds		 2023
£
106,277
207,136
313,413
(216,323)		 £
536,894
97,090
633,984
(37,877)
596,107
596,107
596,107		 2022
£
114,024
463,437
577,461
(128,665)		 £
562,803
448,796
1,011,599
(45,266)
966,333
966,333
966,333

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

..............................

Rabbi S Singer Trustee

Company registration number 02442085

YAD VOEZER LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash flows from operating activities
Cash (absorbed by)/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 (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Relating to:
Cash at bank and in hand
Bank overdrafts included in creditors
payable within one year		 2023
£
£
(250,733)
(6,304)
2,394
(3,910)
(7,629)
(7,629)
(262,272)
463,437
201,165
207,136
(5,971)		 2022
£
(54,975)
76
(7,868)		 £
93,341
(54,899)
(7,868)
30,574
432,863
463,437
463,437
-

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 amounts 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 . 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 2023

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 2023

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 payments 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 2023

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
794
-
Grants
6,517
9,110
7,311
9,110		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
794
3,190
-
15,627
28,254
8,660
16,421
31,444
8,660		 Total
2022
£
3,190
36,914
40,104

Included in unrestricted grants in 2022 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
2023 2022
£ £
Private care fees 30,994 2,880
Recharged expenditure 51,860 71,800
Government and local authority funding 1,954,269 1,878,207
2,037,123 1,952,887

5 Other trading activities

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Rental income 10,025 28,982
6 Investments
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Deposit account interest 2,394 76

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

7 Charitable activities

Direct
charitable
activities
General
management
and
administration
2023
2023
£
£
Staff costs
1,051,700
-
Depreciation and
impairment
30,280
-
Insurance
24,940
-
Light and heat
45,833
-
Telephone
3,365
-
Printing, postage
and stationery
1,460
-
Rent, rates and
service charge
214,314
-
Cleaning
9,178
-
Repairs and
maintenance
117,909
-
Staff training and
recruitment
-
-
Computer costs
6,305
-
Motor expenses
13,253
-
Travelling
14,760
-
Food &
kitchenware
142,179
-
Residents' welfare
expenses
38,848
-
General expenses
-
-
Other charitable
expenditure
327,062
-
2,041,386
-
Grant funding of
activities (see note
)
-
-
Share of support
costs (see note 8)
173,488
180,572
Share of
governance costs
(see note 8)
-
40,743
2,214,874
221,315
Analysis by
fund
Unrestricted funds
2,205,764
221,315
Restricted funds
9,110
-		 Total
2023
Direct
charitable
activities
General
management
and
administration
2022
2022
£
£
£
1,051,700
1,013,831
-
30,280
31,833
-
24,940
23,106
-
45,833
26,576
-
3,365
2,496
-
1,460
763
-
214,314
69,423
-
9,178
4,638
-
117,909
70,801
-
-
11,967
-
6,305
5,094
-
13,253
8,265
-
14,760
11,822
-
142,179
120,990
-
38,848
33,292
-
-
576
-
327,062
158,442
-
2,041,386
1,593,915
-
-
20,000
-
354,060
127,282
135,087
40,743
-
35,915
2,436,189
1,741,197
171,002
2,427,079
1,734,037
171,002
9,110
7,160
-		 Total
2022
£
1,013,831
31,833
23,106
26,576
2,496
763
69,423
4,638
70,801
11,967
5,094
8,265
11,822
120,990
33,292
576
158,442
1,593,915
20,000
262,369
35,915
1,912,199
1,905,039
7,160

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

7
Charitable activities
2,214,874
8
Support costs
Support
costs
£
Staff costs
213,779
Depreciation
1,933
Cleaning
2,702
Printing, postage &
stationery
19,955
Insurance and L&P fees
61,714
Travelling
1,167
Advertising
5,328
Telephone
1,598
Rent, rates and service
charge
8,444
Repairs and
maintenance
21,792
Staff training
15,648
Audit fees
-
Accountancy
-
Legal and professional
-
Bank charges
-
354,060
Analysed between
Charitable activities
354,060		 7
Charitable activities
2,214,874
8
Support costs
Support
costs
£
Staff costs
213,779
Depreciation
1,933
Cleaning
2,702
Printing, postage &
stationery
19,955
Insurance and L&P fees
61,714
Travelling
1,167
Advertising
5,328
Telephone
1,598
Rent, rates and service
charge
8,444
Repairs and
maintenance
21,792
Staff training
15,648
Audit fees
-
Accountancy
-
Legal and professional
-
Bank charges
-
354,060
Analysed between
Charitable activities
354,060		 (Continued)
221,315
2,436,189
1,741,197
171,002
1,912,199

Governance
costs
2023
Support
costs
Governance
costs
2022
£
£
£
£
£
-
213,779
192,622
-
192,622
-
1,933
2,032
-
2,032
-
2,702
1,804
-
1,804
-
19,955
16,545
-
16,545
-
61,714
22,771
-
22,771
-
1,167
837
-
837
-
5,328
8,861
-
8,861
-
1,598
1,344
-
1,344
-
8,444
4,690
-
4,690
-
21,792
8,751
-
8,751
-
15,648
2,112
-
2,112
2,400
2,400
-
2,400
2,400
5,046
5,046
-
4,800
4,800
31,370
31,370
-
27,347
27,347
1,927
1,927
-
1,368
1,368
40,743
394,803
262,369
35,915
298,284
40,743
394,803
262,369
35,915
298,284		 (Continued)
221,315
2,436,189
1,741,197
171,002
1,912,199

Governance
costs
2023
Support
costs
Governance
costs
2022
£
£
£
£
£
-
213,779
192,622
-
192,622
-
1,933
2,032
-
2,032
-
2,702
1,804
-
1,804
-
19,955
16,545
-
16,545
-
61,714
22,771
-
22,771
-
1,167
837
-
837
-
5,328
8,861
-
8,861
-
1,598
1,344
-
1,344
-
8,444
4,690
-
4,690
-
21,792
8,751
-
8,751
-
15,648
2,112
-
2,112
2,400
2,400
-
2,400
2,400
5,046
5,046
-
4,800
4,800
31,370
31,370
-
27,347
27,347
1,927
1,927
-
1,368
1,368
40,743
394,803
262,369
35,915
298,284
40,743
394,803
262,369
35,915
298,284
1,912,199
2022
£
192,622
2,032
1,804
16,545
22,771
837
8,861
1,344
4,690
8,751
2,112
2,400
4,800
27,347
1,368
354,060 298,284
354,060 298,284

Governance costs includes payments to the auditors of £2,400 (2022- £2,400) 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.

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

10 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		 2023
Number
54
8
62
2023
£
1,149,353
97,783
18,343
1,265,479		 2022
Number
56
8
64
2022
£
1,101,612
88,581
16,260
1,206,453

Key management personnel remuneration totalled £63,881.

The number of employees whose annual remuneration was more than £60,000
is as follows:
2023 2022
Number Number
£60,001 - £70,000 1 1
£70,001 - £80,000 1 1

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

12
Tangible fixed assets
Freehold land
and buildings
Fixtures and
fittings
Motor vehicles
£
£
£
Cost
At 1 April 2022
810,604
314,804
15,442
Additions
-
6,304
-
At 31 March 2023
810,604
321,108
15,442
Depreciation and impairment
At 1 April 2022
312,726
256,545
8,776
Depreciation charged in the year
16,212
12,913
3,088
At 31 March 2023
328,938
269,458
11,864
Carrying amount
At 31 March 2023
481,666
51,650
3,578
At 31 March 2022
497,878
58,259
6,666
13
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
86,786
Other debtors
16,999
Prepayments and accrued income
2,492
106,277		 Total
£
1,140,850
6,304
1,147,154
578,047
32,213
610,260
536,894
562,803
2022
£
96,708
17,316
-
114,024

Included in other debtors is £Nil (2022: £13,680) due from Yad Voezer Day Centre, and £15,927 (2022: £3,636) which relates to Residents Loan accounts.

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

14
Loans and overdrafts
Bank 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.
15
Creditors: amounts falling due within one year
Notes
Bank loans and overdrafts
14
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2023
£
5,971
45,506
51,477
13,600
37,877
(7,362)
2023
£
13,600
27,812
67,707
100,004
7,200
216,323		 2022
£
-
53,135
53,135
7,869
45,266
(20,692)
2022
£
7,869
25,618
50,200
37,778
7,200
128,665

Included in other creditors is £49,250 (2022: £Nil) due to Yad Voezer Day Centre, and £46,075 (2022: £26,203) which relates to Residents Loan accounts.

16 Creditors: amounts falling due after more than one year

2023 2022
Notes £ £
Bank loans 14 37,877 45,266

17 Related party transactions

YAD VOEZER LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

17 Related party transactions

(Continued)

Yad Voezer Day Centre Limited is a related party having the same trustees/directors. The amount due to Yad Voezer Day Centre Limited at the balance sheet date was £49,250.

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 paid rent of £78,000 to Yad Voezer Day Centre Limited.

18 Cash generated from operations
18 Cash generated from operations 2023 2022
£ £
(Deficit)/surpus for the year (370,226) 109,850
Adjustments for:
Investment income recognised in statement of financial activities (2,394) (76)
Depreciation and impairment of tangible fixed assets 32,213 33,865
Movements in working capital:
Decrease/(increase) in debtors 7,747 (50,728)
Increase in creditors 81,927 430
Cash (absorbed by)/generated from operations (250,733) 93,341
19 Analysis of changes in net funds
At 1 April 2022 Cash flowsAt 31 March 2023
£ £ £
Cash at bank and in hand 463,437 (256,301) 207,136
Bank overdrafts - (5,971) (5,971)
463,437 (262,272) 201,165
Loans falling due within one year (7,869) 240 (7,629)
Loans falling due after more than one year (45,266) 7,389 (37,877)
410,302 (254,643) 155,659