## **Beis Yoel** ## **Annual Report and Financial Statements** **For the year ended 31 March 2023** **Charity Number 1098523** **Whiteside and Davies** Certified Chartered Accountants 158 Cromwell Road Salford M6 6DE **BEIS YOEL** Page 2 ## Charity Commission Number 1098523 Financial Statements For year ended 31 March 2023 ## **Contents** |Charity Information
Report of The Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements
Detailed Statement of Financial Activities|**Page**| |---|---| ||3
4 -5
6
7
8
9 -10
11| Page 3 ## **BEIS YOEL** ## Charity Commission Number 1098523 Financial Statements For year ended 31 March 2023 ## **Charity Information** ## **Board of Trustees** H Weiss L Tauber N Gruner Y Wosner S Gluck ## **Administration Address** 395 Bury new road Salford M7 2BT ## **Charity Number** 1098523 ## **Bankers** RBS 16 Bury Old Road Salford M8 7JN ## **Accountants** Whiteside and Davies Certified Chartered Accountants 158 Cromwell Road Salford M6 6DE ## **Solicitors** Berg Legal 35 Peter Street Manchester M2 5BG Page 4 ## **BEIS YOEL** Charity Commission Number 1098523 Financial Statements For year ended 31 March 2023 ## **Report of the Trustees** The Trustees have pleasure in presenting their Report and Financial Statements of the Charity for the year ended 31 March 2023. The Directors/Trustees have adopted the provisions of the Statement Of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005 in preparing the annual report and financial statements of the charity. ## **Status and Administration** The Charity constituted by trust deed, dated 11 July 2003 is a registered charity. ## **Trustees** The Trustees in office throughout the year were Mr. H Weiss, Mr. L Tauber, Mr. N Gruner, Mr. Y Wosner and Mr. S Gluck. The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities. No trustee nor any person connected with them received any remuneration during the year. ## **Charitable Objects** The object and activity of the charity is the promotion of education of Jewish children in Salford and Manchester. The charity owns buildings that are used as the premises for a school known as Talmud Torah Yetev Lev which is a boys school providing a faith-based education. The school pays us the full market rent of which the funds are used in accordance with the charity's objects. ## **Financials and activities** Beis Yoel owns the buildings of 395, 397 and 401 Bury new road, Salford M7 2BT which are entirely let to Talmud Torah Yetev Lev Ltd which is a registered charity and operates as a school. Donations received during the year were £33,251 (2022: £NIL). The trustees have ceased their fundraising from the public in light of the increased rental income which they believe is sufficient to keep sufficient funds for its activities. The net surplus for the year amounted to £137,292 (2022: £117,773). The majority of the charity funds are loaned to the above mentioned school in accordance to the charity objects and law. ## **Reserves Policy** The trustees retain reserves of at least £5,000 (which could include liquid assets held by related party) and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate. There are no restricted funds. ## **Investment policy and returns** Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit. Page 5 ## **BEIS YOEL** Charity Commission Number 1098523 Financial Statements For year ended 31 March 2023 ## **Report of the Trustees (continued)** ## **Risk Management** The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks. ## **Public Benefit Policy** We have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ## **Grant Making Policy** Grants are made to charitable institutions and organisations which accord with the objects of the charity. ## **Responsibilities of the Trustees** Charity 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 as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year. In preparing those financial statements, the Trustees should follow best practice and - a. Select suitable accounting policies and apply them consistently. - b. Make judgments and estimates that are reasonable and prudent. - c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements. - d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law. The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities. Approved by The Trustees on 25/1/24 Nachman I Gruner - Trustee Page 6 ## **BEIS YOEL** Charity Commission Number 1098523 Financial Statements For year ended 31 March 2023 ## **Independent Examiner's Report to the Trustees** I report on the financial statements of Beis Yoel for the year ended 31 March 2022. ## **Respective Responsibilities of Governors and Examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Report** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attention; 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. David Pollak Whiteside and Davies 158 Cromwell Road Salford M6 6DE Date: 25 January 2024 Page 7 ## **BEIS YOEL** ## Charity Commission Number 1098523 Financial Statements ## For year ended 31 March 2023 ## **Statement of Financial Activities** |**Incoming Resources**
**Governance costs**
**Support costs**
**Accumulated Funds**
Net surplus for the year
Balance brought forward
Balance carried forward|_Notes_
_8_
_9_
_10_||_Unrestricted_
_funds_
_£_
164,332
0
(17,040)
147,292
1,650,577
1,797,869|**_2023_**
**_Total_**
**_£_**
**164,332**
**0**
**(17,040)**
**147,292**
**1,650,577**
**1,797,869**|_2022_
_Total_
_£_
168,000
(8,000)
(42,228)| |---|---|---|---|---|---| ||||||117,772
1,532,805| ||||||1,650,577| The notes on page 9 and 10 form part of these accounts. Page 8 ## **BEIS YOEL** Charity Commission Number 1098523 Financial Statements For year ended 31 March 2023 |_Notes_
**Fixed Assets**
Tangible assets
_3_
**Current Assets**
Cash at Bank
Debtors
_4_
**Creditors:**Amounts falling due
within one year
_5_
**Net Current Liabilities**
**Total Assets Less Current Liabilities**
**Creditors:**Amounts falling due
after more than one year
_6_
**Net Assets**
**Accumulated Funds**
Restricted
Unrestricted|_Notes_|**_2023_**
**_2023_**
**_£_**
**_£_**
**1,514,357**
**75**
**341,643**
**341,718**
**(10,464)**
**331,254**
**1,845,611**
**(56,742)**
**1,788,869**
**0**
**1,797,869**
**1,797,869**
**Balance Sheet**
**At 31 March 2023**|_2022_
_£_
5,420
216,690|_2022_
_£_
1,524,278
222,110
(11,464)| |---|---|---|---|---| |||||210,646
1,734,924
(84,347)| |||||1,650,577| |||||0
1,650,577| |||||1,650,577| Approved by the trustees and signed on behalf of them all. Date: 25 January 2024 Trustee The notes on page 9 and 10 form part of these accounts. Page 9 ## **BEIS YOEL** Charity Commission Number 1098523 Financial Statements For year ended 31 March 2023 ## **Notes To The Accounts** ## **1) Principal Accounting Policies Basis of Accounting** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **Cash Flow** The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement. ## **Donations and Fund Accounting** Rental Income received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable. Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees. ## **Resources Expended** Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. The irrecoverable element of VAT is included with the item of expense to which it relates. ## **Land and Property** Land and properties are included in the balance sheet at their market value. Surpluses and temporary deficits are transferred to the revaluation reserve and on realisation transferred to the Profit and Loss Account as a reserve movement. Deficits which are expected to be permanent are charged to the Profit and Loss Account and subsequent reversals are credited to the Profit and Loss Account in the same way. ## **Valuation of land and property** Land and Property are included in the Accounts at a Valuation carried out by the Director in accordance with Statement of Standard Accounting Practice Number 19. **Depreciation** Depreciation has not been provided on Investment Properties in accordance with Statement of Standard Accounting Practice Number 19. Depreciation on tangible assets is calculated at rates estimated to write off the cost of those tangible assets over their expected useful lives as follows: Fixtures and fittings - 20% reducing balance ## **Going Concern** The accounts have been prepared on a going concern basis as the directors have been assured of the continuing support from the Company's creditors. ## **2) Taxation** The Charity is exempt from taxation on its charitable activities. Page 10 ## **BEIS YOEL** Charity Commission Number 1098523 Financial Statements ## For year ended 31 March 2023 ## **Notes To The Accounts (continued)** ## **3) Tangible functional fixed assets** |Cost
Additions
Depreciation
Charge for the year
Net Book Value
**4) Debtors**
Related party loans
**5) Creditors:**Amounts falling due
within one year
Accrued expenses
Other creditors
**6) Creditors:**Amounts falling due
after more than one year:
Bank loans secured against
property held by the charity
At 1 April 2022
At 31 March 2023
At 1 April 2022
At 31 March 2023
At 1 April 2022
At 31 March 2023|Fixtures and
Fittings
_£_
55,537
0
55,537
45,616
9,921
55,537
9,921
0|Fixtures and
Fittings
_£_
55,537
0
55,537
45,616
9,921
55,537
9,921
0|Fixtures and
Fittings
_£_
55,537
0
55,537
45,616
9,921
55,537
9,921
0|Land and
buildings
_£_
1,514,357
0
1,514,357
0
0
0|Total
_£_
**1,381,602**
**0**|Total| |---|---|---|---|---|---|---| |||||||| ||||||**1,569,894**|| ||||||**30,276**
**9,921**|| ||||||**55,537**|| |||||||| ||||9,921
0|1,514,357
1,514,357
**_2023_**
**_£_**
**341,643**
**2,000**
**8,464**
**10,464**
**56,742**|**1,524,278**|| ||||||**1,514,357**|| ||||||_2022_
_£_|| ||||||216,691|| ||||||3,000
8,464|| ||||||11,464|| |||||||| ||||||84,347|| ## **7) Related party transactions** Talmud Torah Yetev Lev Limited is wholly governed by the same controlling parties as Beis Yoel and uses its premises of which the rent is mostly accrued for. Said company / charity is owed a balance of £341,643 as at 31/3/23 (2022: owed £216,690). Certain transactions and operations were carried out by said company / charity on behalf of Beis Yoel with full agreement and co-operation of, and were accordingly recorded and treated as such, by both parties. Page 11 ## **BEIS YOEL** ## Charity Commission Number 1098523 Financial Statements ## For year ended 31 March 2023 ## **Detailed Statement of Financial Activities** |**Incoming Resources**
Donations received
Rent received
**_Less:_**
**Governance costs**
Rent, maintenance and utilities
**Support costs**
Accountancy fees
Independent examiner's fees
Bank charges and interest
Depreciation
Insurance
Interest payable
Grants given
**Accumulated Funds**
Net surplus for the year
Balance brought forward
Balance carried forward|_Notes_
_8_
_9_
_10_||_Unrestricted_
_funds_
_£_
43,252
121,080
164,332
0
1,000
1,000
8
9,921
3,914
1,197
0
17,040
147,292
1,650,577
1,797,869|**_2023_**
**_Total_**
**_£_**
**43,252**
**121,080**
**164,332**
**0**
**1,000**
**1,000**
**8**
**9,921**
**3,914**
**1,197**
**0**
**17,040**
**147,292**
**1,650,577**
**1,797,869**|_2022_
_Total_
_£_
0
168,000| |---|---|---|---|---|---| ||||||168,000
8,000| ||||||1,245
1,000
9
8,330
3,559
2,267
25,818| ||||||42,228| ||||||117,772
1,532,805| ||||||1,650,577|