COMPANY REGISTIL4TION NUMBER: 04895107
CHARITY REGISTRATION IWMBER: 1101385
YBP LIMITED
Company Limited by Guarydntee
FINANCIAL STATEMINTS
FOR THE YEAR ENDED
30 SEPTEMBER 2013
COHEN ARNOLD
Cbartered accountants & statutory audilor
New Burlington House
1075 Finchley Road
LONDON
NWI I OPU

YBP LIMITED
COMPANY LIMITED BY GUARAiYfEE
FIIYANCIAL STATEMENrs
YEAR ENDED 30 SEPTEMBER 2023
PAGES
Trust¢es' annual report (inCOr￿rating the directorfs r¢port)
Independent auditor's report to the members
ststement of financial activities (including income and expendittwe
account)
Statement of fllwicial position
Statement of cash flows
Ito4
5t08
io
li
Notes to the financial statements
12to19

YBP LIMITED
COMPANY LIMITED BY GUA114NTEE
TRUSTEES, ANNUAL REPORT ONCORPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 30 SEVTEMBER 2023
The tnjstees, who are also the directors for the purp)s¢s of company law, present their report and the
financial statements of the charity for the year ended 30 September 2023.
REFERENCE AND ADMllYISTRATIVE DETAILS
Registered ¢harity name
Charity r¢gistrntion number
Company Tegistration Dumber 04895107
Principal office and regislered New Burlington House
office
1075 Finchley Road
IA)ndon
NWI I OPU
YBP Limited
1101385
The trustees
MT S Berger
Mrs S Rapaport
Mr Z Beck
Mr A C Rapaport
Mrs S Rapaport
Cohen Arnold
Chartered accountants & statutory auditor
New Burlington House
1075 Finchley Road
LONDON
NWII OPU
Company seerelary
Auditor

YBP LIIWITED
COMPANY LIMITED B Y GUARANfEE
TRUSTEES, ANNUAL REPORT UNCOIIPORATING THE DIRECTOR'S REPORT)
YEAR ENDED 30 SEPTEMBER 2023
STRUCTURE. GOVERNANCE AND MANAGEMENT
The Charity is constituted &$ a Company Limited by Guarantee. and is therefore governed by its
Memorandum and Articles of Association.
The Trustees administer the day-t(Fday affairs of the Charity. All Trystees give their time voluntsrily
and no benefit or expense was paid to them in the year.
It is not currently the intention of the Trustee5 of the Charity to aptmiint new Trustees. Should the
situation change in th¢ future. the Trnst¢¢s will apply suitable recrnitment trnining and induction
proealures.
Group Structure and Relationshi
Th¢ Charity has the following nonvcharitabl¢ operdting subsidiaries:
Per¢eDtsge
Holding
Compxlly
Ablepine Limited
Apexrule Limited
Gillis Properties
Limited
Property Investment
The shares in each of the above companies are held directly by YBP Limite(L except for the shares in
AtKxrule Limited whi¢h are held by Abl¢pine Limited.
The subsidiary UDd¢rtakings are administered by the Dirtttors of those companies, Mr A C Rapaw>rt
and Mrs S RapapoJL who ore also Trustees of this company.
Risk Management
The Trustees have identified and reviewed th¢ major risks to which the Charity is ex￿)Sed, in
particular those relating to the operations and finances of the ChaTity, and are satisfied that the systems
are in place to manage those risks.
ORIECTIVES AND ACftVlTtES
The Charities objectives. as defined in its governing d(Kumellt, are to womote any charitable pwposes
for the benefit of the members of the Orthodox Jewish community, and in particular the advancement
of education. the relief of poverty. sickness, hardship and distres4 and such other purw)ses as are
recognised by English Law as charitable.
The Charity receives donations from its subsidi8ry und¢rtaking5 and related companies, and some
investment income from an interest bearing deposit account.
The aim is to distribute these profits to or8anisations that fall within the objectives of ih¢ Charity.
The Trustees confirni their compliance with the duty to have du¢ regard to the public benefit guidance
published by the Charity Commission when reviewing the Charity's aims and obj¢¢tives and in
planning futur¢ activities.
Registration No.
03348395
02731713
ature of Business
Holding Company
Property Investment
lo￿10
10(W/o
04785100
IOIP/o

YBP LILkUTED
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
(CLTrnrinMed)
YEAR ENDED 30 SEPTEMBER 2023
ORJECTIVES AND ACTIVITIES (conth4erfl
Grant makiDg policy
The Trustees are approached for donations by a wide variety of charitable institutions operating in the
United Kingdom and abroad. The Trustees consider all requ¢sls which they receive and make
donations b8s¢d on the level of funds available.
ACIUEVEMENTS AND PERFORMANCE
The Charity made grants totalling £518,560 (2022.. £520,765) during the period. All ￿rtts and
donations paid were for the purposes of the Charity's objects includin8=
Financial support to the poor
Relief of sickness and disabilities
Jewish education and places of worship for the Jewish Community
FINANCIAL REVIEW
FinanelAI Po8i¢ion
The fitwicial ￿ltIOn of the Charity and its subsidtaries is satisfactory.
The Charity's Financial Statements show a net def￿1t of £156,546 (2022.. net surplus of £303,372) for
the year and total reserves of £6,696,866 {2022: £6.338,412). Income from donations received and
investments during the year amounted to £381,432. Totsl resources ex￿nded were £537,978.
The financial results of the Charity's activities for the year to 30 September 2023 fully reflected in
the attached Financia] Statements together with the Notes ihereon.
Reserv&8 Policy
It is the tKTrlicy of ih¢ Charity to maintain unrestricted funds at a level which the Trustees consider
appropriate after taking account of its future committnents.
Principal Funding Sources
The Charity's principal funding sources in the year were tts invesknent portfolio, together with
donations received from subsidiary Companies.
Investment Policy rdDd Objeetives
Under the Memorandum and Articles of Association, the Charity has the power to make any
investments which the Trustees see fit provided any monies are not immediately required for use in
connection with any of its objects. The Charity's investment tK)licy is to maximise its inc(fft¢ and
gains so that its chariiable objectives b¢ maintained and expanded. However. having ￿82rd to
liquidity requirements, the Trnstees have also operated a policy of keeping available funds in an
interest bearing deposit a¢¢ount.
PLANS FOR FtrruRE PERIODS
The Tn&stees plan to continue making distributions in accordance with their grant-making policy and
to ensur¢ that the ability to generats sufficient income is maintained to achieve that end.

YBP L[￿UTED
COMPANY LIMrrED B Y GUARANTEE
TRUSTEES, ANNUAL REPORT {INCORPORATtNG THE DIRECTOR'S REPORT)
(conlinHedJ
YEAR ENDED 30 SEPTEMBER 2023
TRUSTEES, RESPONSIBILrriES STATEMENT
Th¢ trustees, who are also dir￿torS for the purposes of company law, are responsibl¢ for preparing the
trnstees, report and the financial statements in accordance with applicable law 8J)d United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law reqllires the charity trustees to prepare financial statements for each y¢ar which give a
trne and fair view of the state of affairs of the charitable company and the incoming resources
application of resou￿¢$, including the income and expenditure, for that period.
In pr¢paring these financial statements, the ttust¢¢s are required to..
select suitable ac¢i)unting policies and then apply them consistently:
observe the methods and principles in the applicable Charities SORP.
make judgments and accounting estimates that are reusonable and prudent"
prepare ihe financial statements on the going concern basis unl¢ss it is inappropriat¢ to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sutTicient to show and
explain the charity's transactions and dI￿109e with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statetnents Comply with the
Companies Act 2006. They are alw responsible for safeguarding the assets of the charity and hence
for taking reasonabl¢ sieps for the prevention and detection of fraud and other irregulariti¢s.
AUDITOR
Each of the persons who is a tNst¢¢ at the date of approval of this report ¢onfirnis that:
so far as they are awar¢. there is ￿ relevant audit infomiation of which the charity's auditor is
unaware; and
they have taken all steps that they ought to hav¢ taken as a ttu$t¢e to make themselves awar¢ of
any relevant audit information and to establish that the charity's auditor is aware of that
inforniation.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provistons applicable to wmpanies entitled to
the small ¢ompanies exetnption.
The trust¢¢s' annual report was approved on .30 JQLY.. 2eL*.. and signed on behalf of the board of
trustees by:
aP-Pc4
Mrs S Rapaport
Charity S￿retary

YBP LIllllTED
COMPANY LIMITED B Y GUARANTEE
INDEPEIWENT AUDITOR'S REPORT TO THE MEMBERS OF YBP LiIKrrED
YEAR ENDED 30 SEPTEMBER 2023
OPINION
We have audited the financial slatements of YBP Limited (the 'charity') for the year ended
30 September 2023 which comprise the statement of financial ￿tIVItieS (includin8 inwme and
expenditure ￿coUnt), statement of financial position, statement of cash flows and the relatd notes,
including a summary of significant accounting policies. The f￿ancIal reporting frdmework that has
beerL appli￿1 in their preparation is applicable law and United Kingdom Accounting Standard5,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kin8dom Generally Accepted Accounting Practice).
In our opinion th¢ financial stafrments-.
give a Irue 8nd fair view of th¢ state of the chariws affairs as at 30 September 2023 and of its
incoming resources and application of resources. including its income and expenditure, for the
year then ended.
have been properly prepared ID accordance with United Kingdcffl Generally Accepted
Accountin8 Practice.
have ken prepared in accordanee with the reqU1￿ments of the Companies Act 21Ki6.
BASIS FOR OPINION
We conducted our audit in accordance with Lnternational Standard5 on Auditing (UK) (ISAS (UK))
and applicabl¢ law. Our responsibilities under those standards are further described in th¢ auditorfs
responsibilities for Ihe audit of th¢ financial statements section of our report. We are indeEkndent 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 ￿lfIlled our other ethical
responsibilities in accordance with these reqUIre￿entS. We believe that the audit evidence we have
obtained is suificient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING COP4CERN
In auditing the financial slatements, we hav¢ 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 perfome& 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 tw¢lve months from when the financial
5tatem¢nts are authorised for issu¢.
Our responsibilities and the responsibilities of the truslees with resp¢¢t to going concern are described
in the relevant sections of this report.

YBP LIMITED
cohtPANY LIMITED BY GUARANTEE
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YBP LIMrfED
{cvrtlnHedJ
YEAR ENDED 30 SEPTEMBER 2023
OTHER INFORMATION
The other inforniation comprises the infornlation included in the annual reporL other than the financial
statements and our auditor's rew)rt thereon. The trustees are responsible for the other inforniation. Our
opinion on the financial statements does not ¢over the other infonnation and, except to the extent
otherwise explicitly stated in our report, we do not express any form of a&surance conclusion thereon.
In connection with our audit of the financial statement4 our responsibility is to read the other
information and. in doing so. consider wh¢ther the other inforn)ation is materially inconsistent with
the financial ststements or our knowledge obtained in the audit or othenvise appears to be materially
misstated. If we identify such material ineonsistencies or apparent material misstatements. we are
required to deterniin¢ wheth¢r there is a material misslatemtnt in the fmancial statements or a material
misstatetnent of the other infomiation. If, based on the work we have performel we conclude that
there is a materiat misslat¢ment of this other infonnation, we are required to report that fa¢L
We have nothing to report in this regard.
OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 21M16
In our opinion, based on the work undertaken in th¢ Course of th¢ audit=
the infornlation given in the trustees, re￿rt for the financial year for which th¢ financial
statements are prepared is consistent with the financial statements" and
the tntstees, Teport has been pre￿red in awordan¢e with applicable legal requiments.
MATTERS ON WHtCH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audi( we have not identified material mis5tstetnents in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
20{￿ requires us to report to you if. in our opinion:
adequate accounting records have not been kepl or returns ad¢quafr for our audit have not been
received from branches not visited by us; or
the financial statem¢nts atr not in agreement with the accounting records and returns. or
¢rtain disclosures of ttwstees, remuneration sp¢¢ifi¢d by law are not made.
we have not received all the inforniation and explgnation5 we require for our audit; or
the trustee5 wer¢ not ¢ntitled to prepare the flnancial statements in accordance with the small
companies regime and tske advantage of the small companies, exemptions in prepartn8 the
directors, report and from the requirement to prepare a strategic report.

YBP LIMITED
COMPANY LIMITED BY GUARANTEE
tNDEPENDENT AUDITOR'S IiEPORT TO THE MEMBERS OF YBP LIMITED
YEAR ENDED 30 SEvfELIqBER 2023
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the trustees, responsibiliti¢s slatemen¢ the knwstees (who are also the
directors for the purwses 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 prep&rdtion of financial tht¢ments that are free from
tnaterial misstst¢ment, 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, disc105ing, as applicable, matters related to 80in8 concern and using the
going concern basis of ac¢ounting unless the trustees either intend to liquidat¢ the charity or to cease
operations. or hav¢ no realistic alternative but to do so.
AUDrroR'S RESPONSIBILrriES FOR THE AiJDrr OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial stat¢m¢nts &$ 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 a¢¢ordance with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements ¢an arise from fraud or error and are considered material if. individually or in
the aggregate, they could reasonably be expected to influence the economi¢ decisions of users taken
on the basis of these financial statemertts.
Irregularities, includin8 fraud, are instances of non-¢ompliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in respect
of irregularities, in¢luding fraud. The extent to which our procedures are capable of detecting
Irre8ularities, including fraud is detailed below..
We obtained an understanding of the legal and regulatory frameworks that are applicable to the
company through discussion with the directors and s¢nior management and identified which
were most significant with respect to the financial ststements. We identified financial reporting
legislation (including related Companies legislation), charities legislation and taxation legislatio
being most significant to these financial statements. We communicated these identified
frameworks throughout our audit team and remained alert to any indications of non-compliance
throughout the audit. We ensured that the engagement t￿M had sutricient competence and
apability to identify or recognise non-compliance with laws and regulations.
We discussed with the directors and senior management the poli¢i£8 I￿o¢ed￿r¢S regarding
compliance with these legal and ￿gUlatOry frdmeworks.
We assessed the susceptibility of the ¢ompany's financial statements to material misststement
due to non-compliance of legal and regulatory fralneworks, including how fraud tnight occur, by
enquiry with the directors and senior management during the planning and fin&lisation phases of
our audit and using proprietary disclosure ch¢¢klists. Thi5 was detemiined to be low.
Based on this understanding we desig)ed our audit procedures to identify non-compliance with
the identified legal and regulatory framework, which were part of our proc¢dures on the related
financial statement ilems. Our procedures included reviewing the company's internal controls
policies and EYw¢dures, reviewing the minutes of board meetings and cotTespondence with
regulatory bodies including HMRC, testlllg transactions outside the normal course of the
business and journal entries, and discussions with the dir￿lorS and senior management.

YBP LIMrrED
COMPA1￿ LIMfTED BY GUARANTEE
INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS OF YBP LIMITED
YEAR EIYDED 30 SEPTEMBER 2023
A fi￿her descriptton of our Tesp)nsibililies for the a￿lIt of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description
fornis part of our auditor's report.
USE OF OUR REPORT
This re￿rt is made solely to the Charity's members, as a b(xly, in accordance with Chapter 3 of Part 16
of the Companies Ad 2006. Our ￿dit work has been undertaken so that we might state to the Charity's
memb¢tB those matters we are ￿quIred to state to thern in an audito¢s report and for no other pu]pose.
To the fullest exteTrt permitt￿ by law. we do not accept or ￿Surne responsibility to anyone other than
the charity and the charity's members as a body. for our audit worL for this repor( or for the opinion5
we have fornied.
Asher Sternlicht (Senior Statutory Auditor)
For and on behalf of
Cohen Arnold
Chartered accountants & statutory auditor
New Burlington House
1075 FirKhley Road
LONt)ON
Nwi I OPU
3tr 2ozy

YBP LIMITED
COMPANY LIMITED B Y GUARAPITEE
STATEMEiYf OF FINANCIAL ACTIVITIES
NCLUDING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 30 SEPTEMBER 2023
2023
Unrestricted
funds Totsl funds Total funds
2022
r4ote
Income and endowments
Donations and legacies
Investment income
352,000
29,432
352,000
29,432
825,000
13,230
838,230
Total income
381.432
381,432
Expenditure
Expenditure on rnising funds..
Investment manag¢ment cost5
Expenditure on charitable a¢tivitie8
Total expenditure
(4,033)
(4,033)
(10,712)
89 (533,945) (533,945) (524,146)
(537,978) (537,978) (534,858)
Net 8ains/(losses) on inveslm¢nts
12
515.000
515,000
(265,446)
Net income and net movem¢nt in funds
358,454
3S454
37.926
Reeoneili*tion of funds
Total funds brought forward
Total ￿lld$ earried ft•rw4nl
6,338.412
6J38,412
6.300,486
6,338,412
6,696.866
6ffj96J66
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure deriv¢ from continuing a¢tivities.
The Do¢es pages 12 to 19 form part of thtst finfincial stltemtnts.

TrTP LIMfTED
COMPANY LIMITED BY GUARANTEE
STATEMENf OF FINANCIAL POSITION
30 SEPTELIIBER 2023
2023
2022
Note
Fixed
Investments
15
6,145,iMN)
5,630,000
Current assets
Debtors
Cash at bank and in hand
16
16,(KlO
586011
I6,￿0
763.264
602011
779264
Creditors: amounts f41iing due
witbin one ye#r
17
(50.945)
{70.852)
Net current ￿Sets
551,866
708,412
6,338,412
Total wets less current liabilities
6ffj96066
Fllnd5 of the charity
Unrestricted funds
6th96066
6,338,412
6,338.412
Tot￿ charity funds
18
6th96I66
These financial statements have been prepared in accordance with the provisions applicable to
ompanies subject to the small compani¢s' regime.
These financial statements were approvd by the Ix)ard of trustees authorised for issue on
30 %lVL.¥. 2cZt.., and are signed on behalf of the board by".
Mrs S Rapaport
Trustee
ACR
Tnjstee
The notes on pages 12 to 19 form plrt olthtse financial statement5.
io

YBP LIMITED
cofvtPANY LIMITED B Y GUARANTEE
STATEMENT OF CASH FLOWS
YEAR ENDED 30 SEPTEMBER 2023
2023
2022
Cash flows fn)m operating activities
Net income
35&454
37.926
Adjuslmentsfor."
Net g&insl(10sses) on investments
Dividends. interest and rents from investments
Other interest receivable and similar income
Non-cash donations received
(SA5,0￿)
(26J40)
{3,092)
265,446
(13,180)
(50)
(425.000)
Changes in..
Trade and other creditors
(19,907)
(205,885)
3,092
47,822
Cash g¢n¢rated from operations
Interest received
(87.036)
50
Net ￿$h used in operating activities
Q02,793)
{86.986)
Cash flows frotn inves¢lDg activities
Dividends. interest and rents from irkvestments
Pur¢h&ses of other inveslments
26,340
13,180
(104,065)
(90,885)
Net cash froml(used in) investing activities
26,340
Net de¢rease in casb and eash equivaIents
CAsh and eash equivalents at beginnillg of year
CAsb aDd Cash equivaleuts at end of year
(176,453) (177.871)
763,264
941,135
586011
763,264
The no¢e5 011 P*8ts 12 to 19 form pArt of these fiThanckn815tHtements.
li

YBP LIMtTED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FIIYANCIAL sTATEl￿ENTs
YEAR ENDED 30 SEPTEMBER 2023
GENERAL INFORMATIO
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is New Burlington House, 1075 Finchley Road, London, NWI I OPU.
STATEMENT OF COMPLIANCE
These financial slatements have been prepared in compliance with FRS 102, 'The Financial
R¢porting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Pra¢ti¢e applicable to ¢hariti¢s preparing their a¢counts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and th¢ Companies Act 2006.
ACCOUNTING POLICIES
Bgsis ofpreparntion
Th¢ financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities measured at fair value through incom¢ and
expenditure.
The ¢harity meets the definition of a public benefit entity under FRS 102. The financial
statements are prepared in sterling, which is the functional curr¢n¢y of the entity.
Going concern
Th¢re are no material uncertainties about the ¢haTity'S ability to conlinue.
Consolidation
The charity is not required to prepare consolidated ￿￿Unts in accordance with the Chariti¢s Act
201 l. and has taken advanta8e of the option not to prepare Consolidat￿ financial statements
contained in Section 398 of the Companies A¢t 2006 on the basis that the charity and its
subsidiary undertakings comprise a small group.
Judgements and key source8 of ostimation uncertainty
In the applicalion of the company's accounting ￿li¢jeS. the directors are required to make
judganents, estimates and assumptions about the canying amounts of assets and liabilities that
are not readily apparent from other sources. Th¢ estimates and associated assumptions are based
on historical experience and other factors that are ¢onsid¢r¢d to be relevant. Actual results may
differ from these estimates.
The estimates and underlying assumptions A￿ reviewed on an ongoing basis. Revisions to
accounting estimal¢s are recognised in the period in which the estimate is rewised if the revision
affects only that period, or in the period of the revision and future rKriods if the revision affects
both current and future periods.
The valuation of investment properties is inherently subj￿tiVe. depending on many factors,
including the individual nature of each property, its location and expected future net rental
values, market yields and comparabl¢ market transactions. Therefore the valuations are subject to
a degree of uncertainty and are made on the basis of assumptiotts which may not prove to be
accurate, particularly in periods of difficult market or economic conditions.
12

YBP LILkllTED
COMPANY LIMITED B Y GUA114NTEE
NOTES TO THE FINANCIAL STATEMENTS (wllnAed)
YEAR ENDED 30 SEPTEMBER 2023
ACCOUNTING POLICIES (cortirne41
TaI&tion
The Charitabl¢ Company is not liable to direct taxation on its inc(Ane as it falls within the various
exemptions available to registered chariti¢s. The subsidiary undertakings ar¢ subject to
Corporation but it is expected that thetr income will k gifted for charitable puryoses and
should be exempt from t￿tion.
Notwithstanding Ihe above, deferred tax is recognised in reS￿¢t of all timing diiferences present
in the non-charilabl¢ subsidiary undertakings. Unrelieved tax losses and other deferred tax &ssets
are recognised to the ¢xtent that it is probable that they will be recovered against the rev¢rsal of
deferred tax liabilities or other future taxable profits. Deferred tax is measured using the lax rates
and laws that have ix¢n enacted or substantively ¢na¢t¢d by the reporting date that are expected
to apply to the tEv¢rsal of the timing difference.
Fund atcollnling
Unrestricted funds are available for use at the diwretion of the trusfres to ￿rther any of the
charity's purposes.
Ineoming regourees
All income is included ID the statsment of financial activities when ¢ntitlement has passed to the
charity) it is probable that the economic benefits associated with the transaction will flow to the
Ch￿ltY and the amount can be reliably measured. The following sp¢¢ific policies are applied to
particular categories of income-
income from donations or grants is recognised when there is evidenc¢ of entitlement to the gill
receipt is probable and its amount can be measured reliably.
Resoure&s expended
Expenditure is recognised as soon as there is a present obligation committin8 the Charity to pay
out tEsources, it is probable that a transfer of economic benefits will be required in settlement and
the amount can IK measur¢d or estimated reliably.
Grants payable are only recognised in the accounts when paid.
Investment mallagemellt costs
Investment management costs includ¢ costs relating to th¢ investment properties on an accrual
basis.
Support costs
Support costs are those costs which are comfflon to all ar¢as of the organlsation. These are
allocated across all areas of activity on the basis of the Dumber of service users for ¢a¢h activity.
GovernaDee costs
Governance costs are associated with th¢ governance arrangements of the charity and relate to
the general running of the charity. The￿ Costs include audit, legal advice for Trust¢es and wstS
associated with meeting constitutional and statutory requirements such as the cost of Trustee
meetings and the preparation of the statutory accounts.
13

YBP LIMITED
COLIiPANY LIMITED B Y GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
ACCOUNTING POLICIES
Investments
Unlisted equity investments are initially recorded at cosL and subsequently measured at fair
value.
Investment property
InvestrThent properties are recognised initially at cost.
Subsequent to initial recognition -
Investment properties whose fair value can be m¢&sured reliably are held at fatr value. AJ)y
gains or losses arisin8 from changes in the fair value are recognised in the profit and loss
2Lcount in the per￿)d that they arise. and
No depreciation is provKled in respect of investment properties applying the fair value
model.
InveSt￿ent property fair value is determined by the Trustees, based on their understanding of
property market conditions and the specific property concerned, using a sales valuation approach.
derived from recent Compardble transactions and market yields, adjusted by applying discounts to
reflect status of occupation and condition.
Impairment of fixed assets
A review for indicators of impairnient is carried out at each reporting date. with the recovernble
amount being estimaied where such Indi￿t0[$ ¢xist. Where the ¢arrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairnients are also reviewed lor
possible reversal at each reporting date.
illanci41 instruments
Financial instruments classified and accounted for. according to the substance of the
contractual arTangemenL as eith¢r financial assets, fIn￿claI liabilities or equity instruments. An
equity instrument is any contract that evidences a residual inlerest in the assets of the Company
after deducting all of its liabilities.
LNITED BY GUARANTEE
The Charity is a Company Limited by Guarantse and has no Share Capital.
DONATIONS AND LEGACIES
Unrestricted Total Funds Unrestricted Totat Funds
Funds
2023
Funds
2022
Dollatiolls
Ixbnations received
351000
352.0(M)
825.000
825,000
14

YBP LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE F1Tr4ANCIAL STATEMENTS (co•rfwied)
YEAR ENDED 30 SEPTEMBER 2023
INVESTMENT INCOME
Unr¢stri¢t¢d Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Income from inve5tm¢nt properties
Bank interest receivable
26.340
3,092
29.432
26J40
3J)92
13,180
50
13,180
50
29.432
13,23
13,230
INVESTMENT MANAGEMENf COSTS
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Investment property oiilgoings
4,033
4033
10.712
10.712
EXPENDrruRE ON CHAR￿ABLE ACTtVTfiES BY FUND TYPE
Unrestricted TotAI Funds Unr¢strirted Total Funds
Funds
2023
Funds
2022
Donations paid
Printing expenses
Support costs
518,560
9,560
5.825
518560
9￿60
S025
533945
520.765
520.765
3J81
524,146
3J81
524,146
533.945
EXPENDrfuRE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Activiti¢s
undertak¢n
dir￿tlY
Grant
funding of
tivities Support costs
Total fuDds
211LI
Total fi￿d
2022
Donations paid
Printing expenses
Governance costs
518,560
518560
9560
5125
520,765
9,560
5,825
3J81
524,146
9,560
518,560
5,825
$33,945
10. ANALYSIS OF SUPPORT COSTS
L£gal and
professional
fees
Audit fees Total 2023 Total 2022
Gov¢rnan¢e costs
215
5,610
5025
3,381

YBP LIMITED
COMPAIYY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (couthuedj
YEAR ENDED 30 SEPTEMBER 2023
11. ANALYSIS OF GRA￿s
20LI
Grants to institutions
Noam Hatorah (London)
Mifal Hachesed Vehatzedokoh
Satmar Kollel
Friends Of M¢r¢az Hatorah Belz Macnivka
Friends of Bels Chinuch L£bonos Trust
Friends Of Bels Soroh Schneirer
The ABC Trust
College for Higher R&bbinical S￿dIes
The ZSV Trust
Chasdei Sholom
One Heart Lev Echod
Ezer Viznitz Foundation
Kollel Shomrei Hachomos
Mifal Tzedoko V'chesed Limited
Start Upright
Tchabe Kollel Limited
Other grants below £15.000
Total grants
50,Th)0
38,IN)O
38,IM)O
37,(M)O
30.(M)O
24.(M)O
20,(MIO
20,IKID
20,(M)O
17,(KlO
17,(KlO
15,(KlO
15,(KlO
15,(KlO
15,(MlO
15,(KlO
132560
5185()O
All grants relate to the advancement of education. and the relief of poverty. sickness, hardship
and distress.
12. GAINSI(LOSSES) ON INvEsTME￿s
Unreslricted Total Funds Unrestricted Total Funds
Funds
20LI
Funds
2022
Surplusl(Deficit) on revaluation of
investment properties
Surplus/(Deficit) on revaluation of
investments in group undertakings
25,000
25,fft)O
(4.065)
(4,065)
490.000
490,000
515,000
(261.381) (261,381)
(265.446) (265,446)
515,000
13. AiJDITORS REMUNERATION
2023
2022
Fe¢s payable for the audit of the financial statements
5.610
3,150
16

YBP LIikUTED
COMPANY LIMITED B Y GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS loJJMiHued)
YEAR ENDED 30 SEPTEMBER 2023
14. TRUSTEE REMUNERATION AND EXPENSES
No salaries or wages have been paid to any employee or Trustee by th¢ Charitable Company. No
Trust¢¢ expenses have been incurred.
15. INVESTMENTS
Shares in
Investment
group
(Xher
properties undertakings investments
Totsl
Fair vAlue
At l October 2022
Additions
Fair value movements
525.000
5,012,000
93.￿0
5A30.IMIO
25,000
490.000
51&01M)
6,145,tM)o
At 30 September 2023
Imp4irment
At l October 2022 and
30 September 2023
Carrying amount
At 30 September 2023
At 30 S¢pt¢mber 2022
550,000
5502.000
93,iJ)O
550,000
5502,000
93,000
93,iJ)O
6,145,lJ)O
5,630.IK>O
525,000
5.012,(M)O
All investments shown above are held at valuation.
Inve8tmeDt properties
The Company's investment properties were valued by the trnstees at 30 September 2023 based on
the trustees, understanding of property market conditions and the specific property co￿¢med
using a sales valuation approach, derived from recent comparable trdnsactions on the mark¢(
adjust￿ by applying discounts to refl¢ct slatus of IKcupation and ¢ondition.
In the ¢v¢nt of the reali5ation of the CoMpan￿S investment proFrties at an amount equal to the
valuation recorded in the financial statements. no liability to corporation tax on chargeabl¢ gains
would arise because it is anticipated that all realised surpluses from the sale of investments will
be appli￿ for charitsbl¢ purposes and therefo￿ will be exempt from corporation tax.
The historical cost of the properties is £529,065.
17

YBP LIMtTED
COMPANY LIMITED B Y GUARAwfEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
15. INVESTMENTS
sI￿re5 in group undertakings
The Company held IOO/r* of th¢ issued share capital in Ablepine Limited, Apexrule Limited and
Gillis Properties Limited which are incorporated in Great Britain and registered in England. The
issued share capital of Ablq)ine Limited and Gillts Pmperties Limited are held directly by the
Company* and the issued share capital of AFArul¢ Limited is held by Ablepine Limited. The
capital and reserves and profit and loss of the Subsidiary undertakings for which Group Accounts
have not been prepared under th¢ exemption conf¢nrd by Section 398 Companies Act 2006 are
as follows-.
Aggregate capital and reserv
2023
2022
Ablepine Limited
Apexrule Limited
Gilli5 Properties Limited
ProfitlLAJss for tbe year
337,702
4ffi41,073
520,772
338.3 88
4283,755
390,532
2023
2022
Ablepine Limit
Apexrule Limited
Gillis Properties Limited
16. DEBTORS
(686)
357,318
131K240
(621)
(227,078)
(33,442)
2023
2022
(hher debtors
16,000
16.000
17. CREDITORS: amounts falling due Tvithin one year
2023
2022
Trade creditors
(hher ¢reditor5
25J35
25,610
47.642
23.210
70.852
50.945
18

YBP LIMITED
COMPANY LIMITED B Y GUARANTEE
NOTES TO THE FINAIYCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
18. ANALYSIS OF CHARrrABLE FUNDS
Unrestricted funds
Atl
October
2022
At30
Gains and September
losses
2023
Income Expenditure
General funds
6.338,412
381,432
(537,978)
515,000
6ffj96066
Atl
October
2021
At30
Gains and September
losses
2022
In¢ome Expenditure
General funds
6,300,486
838,230
(534,858) {265,446) 6J38,412
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unr¢stricted Totsl Funds
Funds
2023
Investments
Current assets
Creditors less than l year
Net assets
6.145,000
602,811
(50,945)
6.696.866
6,145,IM)O
602,811
(50,945)
6ffj96.866
Unrestricted Total Funds
Funds
2022
Investments
Current assets
Creditors less than l year
5.630,000
779,264
(70.852)
6J38.412
5,630,000
779,264
(70.852)
6J38.412
Net assets
20. ANALYSIS OF CHANGES IN NET DEBT
At
At
l (kt 2022 Cash flows 30 Sep 2023
Cash at bank and in hand
763,264
(176,453)
586011
21. RELATED PARTY TIL4NSACTIONS
Donations received includes amounts aggregating £352,000 from the subsidiary undertakings.
No restrictions We￿ attached to any of the donations received.
19