coTrtPANY REGISTRATION NUMBER: 04895107
CHARITY REGISTRATION NUMBER: 1101385
YBP LIMITED
Company Limited by Guarantee
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 sEPTE1￿BER 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 CO￿ANy 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[l￿IlTED
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