coTrtPANY REGISTRATION NUMBER: 04895107 CHARITY REGISTRATION NUMBER: 1101385 YBP LIMITED Company Limited by Guarantee FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 sEPTE1BER 2024 COHEN ARNOLD Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWI I OPU
YBP LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 PAGES Trustees, annual report (incoryorating the director's report) Independent auditor's report to the members Statement of fmancial activities (including income and expenditure account) Statement of financial position Notes to the financial statements Ito4 Sto8 10 Ilto18
YBP LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPOII4TING THE DIRECTOR'S REPORT) YEAR ENDED 30 SEPTEMBER 2024 The trustees, who are also the directors for the purposes of compaiiy law, present their report and the financial statements of the charity for the year cnded 30 September 2024. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Charity registration Dumber Company registration number 04895107 Principal office and registered New Burlington House office 1075 Finchley Road London NWI I OPU YBP Limited 1101385 The Trustees Mr A C Rapaport Mrs S Rapaport Mr S Berger Mr Z Beck Mr M Rapaport Mrs S Rapaport Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU (Resigned 20 February 2025) (Resigned 20 February 2025) (Appointed 20 February 2025) Company secretary Auditor
YBP LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) {coNliMued) YEAR ENDED 30 SEPTEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is constituted PLS a Company Limited by Guarantee, and is therefore governed by its Memorandum and Articles of Association. The Trustecs adTninister the day-t(Fday affairs of the Charity. All Trustees give their time voluntarily and no benefit or expense was paid to them in the year. It is not currently the intenlion of the Trustees of the Charity to appoint new Trustees. Should the situation change in Ihe future, the Trustees will apply suitable recruitment training and induction procedures. Group Structure and Relationsbips The Charity has the following non-charitable operating subsidiaries: Percentage Holding I OOO/o Company Ablepin¢ Limited Apexrule Limited Gillis Properties Limited Registration No. 03348395 02731713 Nature of Business Holding Company Property Investment 04785100 Property Investment The shares in each of the above companies are held directly by YBP Limited, except for the shares in Apexrule Limited which are held by Ablepine Limited. The subsidiary undertakings are administered by the Directors of those companies. MTS S Rapaport is one of the Directors of those companies as well as a Trustee of this company. Risk Management The Trustees have identified and reviewed the major risks to which the Charity is exposed, in particular those relating to the operations and finances of the Charity, and are satisfied that tlie systems are in place to manage those risks. OBJECTIVES AND ACTIVITIES The CharÉties objectives. as defined in its governing document, are to promote any charitable purposes 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 distress, and such other purposes as are recognised by English Law as charitable. The Charity receives donations from its subsidiary undertakings and related companies, and some investtnenl income from an iiiterest bearing dcposit account. The aim is to distribute these profits to organisations that fall within the objectives of the Charity. The Trustees confirni their compliance with the duty to have due regard to the public benefit guidance published by the Charity ComTnission when reviewing the Charity's aims and objectives and in planning future activities.
YBP LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conlijiued) YEAR ENDED 30 SEPTEMBER 2024 OBJECTIVES AND ACTIVITIES (eonlillued) Grant making policy The Trustees approached for donations by a wide variety of charitable institutions operating in the United Kingdom and abroad. The Trustees considcr all requests which they receive and make donations based on the level of funds available. ACHIEVEIIIENTS AND PERFORMANCE The Charity made grants totalling £462,360 (2023: £518,560) during the period. All grants and donations paid were for the purposes of the Charity's objects including: Financial support to the poor Relief of sickness and disabilities Jewish education and places of worship for the Jewish community FINANCIAL REVIEW Financial Position The financial position of the Charity and its subsidiaries is satisfactory. The Charity's Financial Statements show a net surplus of £19,888 (2023.. net surplus of £358,454) for the year and total reserves of £6,716,754 (2023: £6,696,866). Income from donations received and investments during the year amounted to £369,621. Total resources expended were £475,344. The financial results of the Charity's activities for the year to 30 September 2024 are fully reflected in the attached Financial Statements together with the Notes thereon. Reserves Policy It is the policy of the Charity to maintain unrestricted funds at a level which the Trustees consider appropriate after taking account of its future commitments. Principal Funding Sources The Charity's principal funding sources in the year were its investment portfolio, together with donations received from subsidiary Companies. Investment Policy and Objectives 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 policy is to maximisc its incoTne and gains so that its charitable objectives be maintained and expanded. However, having regard to liquidity requirements, the Trustccs have also operated a policy of keeping available funds in an interesl bearing deposit account. PLANS FOR FUTURE PERIODS The Trustees plan to continue making distributions in accordance with their grant-making policy and to ensure that the ability to generale sufficient income is maintained to achieve that end.
YBP LIMITED COMPANY LIMITED BY GUARANfEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conlinuéd) YEAR ENDED 30 SEPTEMBER 2024 TRUSTEES, RESPONSIBILITIES STATEMENT The trustees, who are also directors for the purposes 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 charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trusiees are required to: select suilable accounting policies and then apply them consistently- observ¢ the methods and principles in the applicable Charities SOIiP' make judgments and accounting estimates that are reasonable and prudent. prepare the financial statements on th¢ going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any titne 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. AUDrroR Each of the persons who is a trustee at the date of approval of this report confimis that: so far as they are aware, there is no relevant audit inforn]ation of which the charity's auditor is unaware. and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit infonnation and to establish that the charity's auditor is aware of that inforn]ation. SMALL COANy PROVISIONS This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. Thc trustees, annual report was approved on truste¢s by: 25 2015 and signed on behalf of the board of Mrs S Rapaport Charity Secretary
YBP LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YBP LIMITED YEAR ENDED 30 SEPTEMBER 2024 OPINION We have audited the financial statements of YBP Limited (the 'charity') for the year ended 30 September 2024 which comprise the statement of fiiiancial activities (including income and expenditure account), statement of financial position and tlie related notes, including a summary of 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: give a true and fair view of the state of the charity's affairs as at 30 September 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006. 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 perforined, 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. OUT responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
YBP LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YBP LIMITED (comimue YEAR ENDED 30 SEPTEMBER 2024 OTHER INFORMATION The other information comprises the infonnation included in the annual report, other than the financial statements and our auditor's report thcreon. The trustees are responsible for the other infonnation. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly ststed in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material Tnisstatements, we are required to detennine whether there is a material misstatement in the financial statements or a tnaterial misstatement of the other information. 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. OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements; and the trustees, report has been prepared in accordance with applicable legal requirements. MATTERS ON WHICH 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 audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the inforn)ation and explanations we require for our audit" or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report.
YBP LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YBP LIMITED YEAR ENDED 30 SEPTEMBER 2024 RESPONSIBILITIES OF TRUSTEES As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of company law) arc responsible for th¢ 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 detennine is necessary to enable the preparation of financial statements that are frec from material misstatelnenl, 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 eithcr intend to liquidatc the charity or lo cease operations, or have no realislic alternative but to do so. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENrs Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material misstatcm¢n( 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. MisstateTnents 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 proc¢dures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are pable of detecting irregularities, 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 senior management and identified which were most significant with respect to the financial statements. We identified financial reporting legislation (including related companies legislation), charities legislation and taxation le(yislation as being most significant to these fjnancial statements. We communicated these identifi¢d frameworks throughout our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations. We discussed with the directors and senior management the policies and procedures regarding compliance with these legal and regulatory frameworks. We assessed the susceptibility of the colnpany's fInancial statements to material misstatement due to non-compliance of legal and regulatory frameworks, including how fraud might occur, by enquiry with the directors and senior management during the planning and finalisation phases of our audit and using proprietary disclosure checklists. This was determiiied to be low. Based on this understanding we designed our audit procedures to identify non-compliance with the identifjed legal and regulatory framework, which were part of our procedures on the related financial statement itetns. Our procedures included reviewing the company's internal conti.ols policies and procedures, reviewing the minutes of board meetings and correspondcnce with regulatory bodies including HMRC, testiiig transactions outside tlie nonnal course of the business and joumal entri¢s, and discussions with the directors and senior management.
YBP LIMITED COMPANY LIMITED BY GUAIL4NTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YBP LIIWTED {eoNiinMed) YEAR ENDED 30 SEPTEMBER 2024 A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description fomis part of our auditor's report. USE OF OUR REPORT This report is made solely to the charity's membcrs, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's meTnbers those matters we are required to state to them in an auditols report and for no other purpose. To thc fullest extent permitted by law, we do nol accept or assume responsibility to anyone othcr than the charity and the charity's mcmbcrs as a body, for our audit work, for this repor¢ or for the opinions we have fornied. Asher Sternlicht (Senior Statutory Auditor) For and on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU 2s FULY tri
YBP LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 30 SEPTEMBER 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowments Donations and legacies Investment income 336,000 33,621 336,000 33,621 352.000 29,432 Total income 369,621 369,621 J81,432 Expendithre Expenditure on raising funds= Investment management costs Expenditure on charitable activities Total expenditure (6,837) (6,837) (4,033) (468,507) (468,507) (533,945) (475,344) (475J44) (537,978) Net gains on investments 12 125,611 125,611 515,000 Net income and net movement in funds 19,888 19,888 358,454 Reconciliation of funds Total funds brought fonvard Total funds carried forward 6,696,866 6,696,866 6,338,412 6,696,866 6,716,754 6,716,754 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages I I to 18 form part of these financial statenjents.
YBP LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2024 2024 2023 Note Fixed assets Investments 15 6,039,000 6,145,000 Current assets Debtors Cash at bank and in hand 16 16,000 691256 16,000 586,811 707256 602,811 Creditors: amouDts falling due within one year 17 (29,502) {50,945) Net current assets 677,754 551,866 Total assets less current liabilities 6,716,754 6,696,866 Funds of the charity Unrestricted ndS 6,716,754 6,696,866 6,696,866 Total charity fuDds 18 6,716,754 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 25 J.VLY ?.¥.f., and are signed on behalf of the board by: Mrs S Rapaport Trustee Rap poit Trustee The notes on pages I I to 18 form part ofthese financial statements. io
YBP LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 GENERAL INFORMATION The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wale5 and a registered charity in England and Wales. The address of the rcgistercd office is New Burlington House, 1075 Finchley Road, London, NWI I OPU. STATEMENT OF COMPLIANCE These financial statcments have been prcparcd 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 applicabl¢ in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. ACCOUNTING POLICIES Basis of preparation The 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 income and ¢xp¢nditure. The charity meets the definition of a public benefit entity under FRS 102. The financial statements are prepared in sterling, which is the functional Currency of the entity. Going concern There are no material uncertainties al)out the charity's ability to continue. Consolidation The charity is not required to prepare consolidated accounts in accordance with the Charitics Act 2011, and has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the charity and its subsidiary undertakings comprise a small group. Judgements and key sources of estimation uneertainty In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 tliat are considered to be leVant. 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 th¢ estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The valuation of investment properties is inherently subjective, depending on many factors, including the individual nature of each property, its location and expected future net rental values, market yields and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty and are made on the basis of assumptions wliich may not prov¢ to be accurate, particularly in p¢riods of difficult market or economic conditions.
YBP LIMITED COMPANY LIMITED BY GUAIUNTEE NOTES TO THE FINANCIAL STATEMENTS (conlinued) YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES (eolliillued) Taxation The Charitable Company is not liable to direct taxation on its income as it falls within the various exemptions available to registered charities. The subsidiary undertakings are subject to Corporation Tax but it is expected that Iheir income will be gifted for charitable purposes and should be exempt from taxation. Notwithstanding the above, deferred tax is recognised in respect of all timing differences prcserjt in the non-charitable subsidiary undertakings. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is Tneasured using the tsx rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the tiTning difference. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Incoming resources All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Resources expended Expenditure is recognised as soon as there is a present obligation committing the Charity to Pay out resources, it is probable that a transfer of economic benefits will be required in settlement and the amount can be measured or estimated reliably. Grants payable are only recognised in the accounts when paid. Investment management costs Investment management costs include costs relating to the investment properties on an accrual basis. Support costs Support costs are those costs which are common to all areas of the organisation. These are allocated across all areas of activity on the basis of the number of servicc users for each activity. Governance costs Governance costs are associated with the governanc¢ arrangeinents of the charity and r¢lat¢ to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts. 12
YBP LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS fcoNIIAued) YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES (conlinued) Investments Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. Investment property Investment properties are recogniscd initially at cost. Subsequent to initial recognition - Investment properties whosc fair value can be measured reliably are held at fair valuc. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise" and No depreciation is provided in respect of investment properties applying the fair value rnodel. Investment property fair value is determined by the Trustces, based on their understanding of property market conditions and the specific property concerned, using a sales valuation approach, derived from recent comparable transactions and market yields, adjusted by applying discounts to reflect status of occupation and condition. Impairnient of fixed assets A review for indicators of impainnent is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairnlents are also reviewed for possible reversal at each reporting date. Financial instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. LIMITED BY GUARANTEE Th¢ Charity is a Company Limited by Guarantee and has no Share Capital. DONATIONS AND LEGACIES Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 DoDations Donations received 336,000 336,000 352,000 352.000 13
YBP LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eonlinue YEAR ENDED 30 SEPTEMBER 2024 INVESTMENT INCOME Unrestricted Total Funds Unrcstricted Total Funds Funds 2024 Funds 2023 Income from investment properties Bank int¢st receivable 26,340 7,281 26J40 7281 26,340 3,092 26,340 3,092 33,621 33,621 29,432 29,432 INVESTMENT MANAGEMENT COSTS Unrestricted Total Funds Unrestrictcd Total Funds Funds 2024 Funds 2023 Invesknent property outgoings 6.837 6,837 4,033 4,033 EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations paid Printing expenses Support costs 462,360 462 J60 518,560 9,560 5,825 518,560 9,560 5,825 6,147 6,147 468,507 468,507 533,945 533,945 EXPENDITURE OIY CIIARITABLE ACTIVITIES BY ACTtVITY TYPE Grant funding of activities Support costs Total funds 2024 Total fund 2023 Donations paid Printing expenses Governance costs 462,360 462J60 518,560 9,560 5,825 6,147 6,147 462,360 6,147 468,507 533,945 10. ANALYSIS OF SUPPORT COSTS Legal and professional fees Audit fees Total 2024 Total 2023 Governance costs 417 5,730 6,147 5,825 14
YBP LIMITED COMPANY LIMITED BY GUAtL4NTEE NOTES TO THE FINANCIAL STATEMENTS (co nlinued) YEAR ENDED 30 SEPTEMBER 2024 11. ANALYSIS OF GRANTS 2024 Grants to institutions Ben Amram Charitable Trust Vyoel Moshe Charitable Trust Friends Of Mercaz Hatorah Belz Macnivka College for Higher Rabbinical Studies Friends of Bels Chinuch Lebonos Trust Mifal Hachesed Vehatzedokoh One Heart Lev Echod Bnois Jerusalem Schools Live and Learn Friends Of Bels Soroh Schneirer PPC Trust Chasdei Aharon Limited The Rehabilitation Trust Other grants below £15,000 Total grants 41,000 36,000 28,000 26,000 22,500 21,000 21,000 20,000 20,000 20,000 18,000 15,000 15,000 158,860 462?60 All grants relate to the advancement of education, and the relief of poverty, sickness, hardship and distress. 12. NET GAINS ON INVESTMENTS Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Surplus/(Deficit) on revaluation of investment properties Surplus/(Dcfi¢it) on revaluation of investments in group undertakings Gains/(losses) on other investment assets 25,000 25,000 (13,000) (13,000) 490,000 490,000 138,611 125,611 138,611 125,611 515,000 515,000 13. AUDITORS REMUNERATION 2024 2023 Fees payable for the audit of the financial statements 5,730 5,610 15
YBP LIIVllTED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contiftuedj YEAR ENDED 30 SEPTEMBER 2024 14. TRUSTEE REMUNERATION AND EXPENSES No salaries or wages have been paid to any employee or Trustee by the Charitsble Company. No Trustee expenses have been incurred. 15. INVESTMENfS Shares in Investment group Other properties undertakings investments Total Fair value At l October 2023 Additions Disposals Fair value movements 550,000 5,502,000 93,000 6,145,000 (93,000) {93,000) (13,000) 6,039,000 (13,000) At 30 September 2024 Impairment At l October 2023 and 30 September 2024 Carrying amount At 30 September 2024 At 30 September 2023 550,000 5,489,000 550,000 5,489,000 6,039,000 6,145,000 550,000 5,502,000 93,000 All investments shown above are held at Trustees, valuation. Investment properties The Company's investment propertics were valued by the trustecs at 30 September 2024 based on the trustees, understanding of property market conditions and the specific property concerned using a sales valuation approach, derived from recent comparabl¢ transactions on the markct, adjusted by applying discounts to reflect status of occupalion and condition. In the event of the realisation of the company's investment properties at an amount equal to the valuation recorded in the financial statements, no liability to corporation tax on chargeable gains would arise becaus¢ it is anticipated that all realised surpluses from the sale of investments will be applied for charitable purposes and therefore will be exempt from corporation tax. The historical cost of the properties is £529,065. 16
YBP LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eolliinue YEAR ENDED 30 SEPTEMBER 2024 15. INVESTMENTS (tontinutd) Shares in group undertakings The Company held l 00 /0 of the issued share capital in Ablepine Limitcd. Apexrule Limited and Gillis Properties Limited which are incorporated in Great Britain and registered in England. The issued sharc capital of Ablepinc LiTnited and Gillis Properties Limited ar¢ held directly by the Company, and the issued share capital of Apexrule Limited is held by Ablepinc Limited. The capital and reserves and profit and loss of the Subsidiary undertakings for which Group Accounts have not been prepared under the exemption conferred by Scction 398 Companics Act 2006 are as follows= Aggregate capital and reserves 2024 2023 Ablepine LiTnited Apexrule Limited Gillis Properties Limited ProfIttLoss for the year 337,066 4,639J90 512,469 337,702 4,641,073 520,772 2024 2023 Ablepine Limited Apexrule Limited Gillis Properties Limited 16. DEBTORS (636) 264?17 61,697 (686) 614,318 225,240 2024 2023 Other debtors 16,000 16,000 17. CREDITORS: amounts falling due within one year 2024 2023 Trade creditors Other creditors 5,832 23,670 25,335 25,610 29502 50,945 17
YBP L[lIlTED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2024 18. ANALYSIS OF CHARITABLE FUNDS Unrestricted funds At30 Gains and September losses 2024 At l October 2023 Income Expenditure General funds 6,696,866 369,621 (475,344) 125,611 6,716,754 At30 Gains and September losses 2023 At l October 2022 Income Expenditure General ndS 6,338,412 381,432 (537,978) 515,000 6,696,866 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Total Funds Funds 2024 Investments Current assets Creditors less than l year Net assets 6,039,000 707,256 (29,502) 6,716,754 6,039,000 707,256 (29,502) 6,716,754 Unrestricted Total Funds Funds 2023 Investments Current assets Creditors less than l year 6,145,000 602,811 (50,945) 6,696,866 6,145,000 602,811 (50,945) 6,696,866 Net assets 20. RELATED PARTY TRANSACTIONS Donations received includes amounts aggregating £336,000 from the subsidiary undcrtakings. No restrictions were attached to any of the donations received. 18