COMPANY REGIST114TION NUMBER: 04895107 CHARITY REGISTRATION NUMBER: 1101385 YBP LIMITED Company Limited by Guarantee FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 COHEN ARNOU) Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU
YBP LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENrs YEAR ENDED 30 SEPTEMBER 2025 PAGES Trustees, annual report (incoryornting the directovs report) Independent auditor's report to the members Siatement of fiThancial activities (including income and expenditure account) Statement of financial position Notes to the fmancial statements Ito4 5t08 io Ilto18
YBP LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT ONCORPORATING THE DIRECTOR'S REPORT) YEAR ETrIDED 30 SEPTEMBER 2025 The trustees, who are also the directors for the purposes of ¢ornpany law. present their report and the financial statements of the charity for the year ended 30 September 2025. REFERENCE AND ADMiNISTRATtVE DETAILS Registered eharity Dame Charlty registration number Company registratlon number 04895107 PrinelpAI offlce and registered New Burlington House offiee 1075 Finchley Road London NWII OPU YBP Limited 1101385 The Tru8lee8 Mrs S Rapaport Mr Z Beck Mr M Rapaport Mr A C Rapaport Mr S Berger (Appoinid 20 February 2025) (Resigned 20 February 2025) (Resigned 20 February 2025) Compiny secrel*ry Audltor Mrs S Rapaport Cohen Arnold Chartered accountants & siatutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU
YBP LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (¢Ofvtin*¢dJ YEAR ENDED 30 SEPTEMBER 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is constiluted as a Company Limited by Guorantee, and is ther0 governed by its Memorandum and Articles of Ass$tIon. The Trustees administer the day-lo-day affairs of the Charity. All Trustees giv¢ their time voluntarily and no benefit or expense was paid to them in the year. It is not currently the intention of the Trustees of ihe Charity to Appoint new Truslees. Should the situation change in the future, the Trustees will apply suitable recruitment training and induction procedures. Group Structure alld Relationship8 The Charity ha5 the following non-charilable operating subsidiaries.. Company Regi8tra¢ion No. NAture of Busine55 Ablepine Limit¢d 03348395 Holding Company Apexrnle Limited 02731713 Property Investment Gillis Properties 04785100 Property Investm¢nt Limited PereentAge Holdlng The shares in each of Ih¢ above companies are held directly by YBP Limit¢d, except for the shares in Apexrule Limited which are held by Ablepine Limited. The subsidiary undertAkings are administer¢d by the Directors of those companies. Mrs S Rapaw>rt is one of the Directors of those companies as well As & Trustee of this company. Rlsk M&nAgement The Trustees have idenlified and reviewed the major risks to which th¢ Charity is exw)sed, in particular those relaling to the operations and finances of the Charity, and are satisfied that the systems are in place to manage tho% risk5. ORIECTIVES AND AcTlT[Es The Charities objective4 as defined in its governing do¢um¢nt, are to promote any charitable purpos¢5 for the benefit of the members of the Orthodox Jewi8h community. and in particular the advancement of education, the relief of poverty, sicknes5, hardship and distr¢ss, and 5u¢h other purposes as are recognised by English Law as charitable. The Charity receives donvltions from its subsidiary undertakings and related companies. 8nd some investment income from an int¢rest bearing deposit account. The aim is to distribute these profils to organisations that fall within the objectives of the Charity. The Trustees confirni their compliance with the duty to have due re8ard io the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
YBP LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT ONCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 30 SEPTEMBER 2025 OWECTIVES AND ACTIVITIES Grant making policy The Trustees ar¢ approached for donations by a wide Variety of charilable institutions operating in the United Kingdom and abroad. The Trustees consider all requests which they receive and make donations based on the level of funds available. ACHIKVEMENTS AIYD PERFORMANCE The Charity made grants totalling £496,590 (2024.. £462.360) during ihe period. All grants and donations paid were for the purposes of the Charity's objects including: Financial support to the poor Relief of sickttess and disabilitie5 Jewish education and places of worship for the Jewish community FINANCIAL REVIEW FiDAncial Position The financial position of the Charity and its subsidiaries is satisfactory. The Charity's Financial Statements show a net deficit of £56,409 (2024.. net surplus of £19,888) for the year and total reserves of £6,660.345 (2024- £6.716,754). Income from donations received and inveslm¢nts during the year amounted to £420,803. Total resources expended were £508,212. The fin8ncial resulis of the Charity's activities for the year lo 30 S¢plember 2025 are fully reflected in the attached Financial Statemenls tO8ether with the Notes Ihereon. Re8erveg Poliey It is the policy of the Charity to maintain unrestricted funds at a level which the Trustees consider appropriate after IAking account of ils futur¢ commitments. Prineipol Fundlng Sources The Charity's principal funding sourc¢s in lh¢ year were its investment portfolio. log¢ther with donations ¢¢IVed from subsidiary Companies. Inv&8lment Policy and Objective8 Under the Memorandum and Articles of Association, the Charity has the power to make any investments which ih¢ Trustees see fit provided any monie5 are not immediately r¢quir¢d for use in connection with any of its objects. The Charity's investment policy is to maximise its income and gains so that its charitable objectives be maintained and expanded. However, having regard to liquidity requirements. the Trustees have also operated a policy of keepin8 available funds in an interest bearing deposit account. PLANS FOR FUTURE PERIODS The Trustees plan to wntinue making distributions in accordance with their grant-making poli¢y and to ensure that the ability to generate sufficient income is maintained to a¢hi¢v¢ that end.
YBP LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPOIi4TING THE DIRECTOR'S REPORT) (conllnmed) YEAR ENDED 30 SEPTEMBER 2025 TRUSTEES, RESPONSIBILITIES STATEMENT The trustees. who are also direclors for the purposes of company law, are responsible for preparin8 the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Aepted Accounting Practice)- Company law requires the charity trustees to prepare financial ststements 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 expendituK. for that period. In preparing th¢s¢ financial statements, the trus¢¢¢s are required 10.. select suilable accounting policies and ihcn apply them consistently. observe the methods and principles in the applib]e Charities SORP. make judgments and accounting estimates that are reasonable and prudent. prepare the financial ststements on the going ¢onc¢rn basis unless it is inappropriate to presume that the charity will continue in business. Th¢ trustees are responsible for keeping adequate countIng records Ihat are sufficient to show and explain the charity's transactions and disclose wilh reasonable accuracy al any time ihe financial position of the charity and enable them to ensure that the financial ststemenls comply with ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen¢e for taking reasonable sl¢ps for the prevention and det¢¢lion of fraud and other irregularitles. AUDITOR Each of the persons who is a tnJ5tee at the date of approval of this report confirms that: so far a8 they are awar¢, there is no relevant audit infomiation of whieh the charity's auditor 15 unaware. and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit inforniation and to establish that the charity's auditor is aware of thal inforniation. SMALL COMPANY PROVISIONS This report has been prepared in accordanc¢ with the provisions applicable to comp8ni¢s entitled to the small companies exemption. The trustees, annual report was approved on &..w.ky..%.&d signed on behalf of the board of tNstees by: Mrs S Rapaport Charity Secretary
YBP LIMITED COMPANY LIMITED BY GUARAIYTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YBP LIMITED YEAR ENDED 30 SEPTEMBER 2025 OPINION We have audited the financial statements of YBP Limited (the 'charity') for the yr ended 30 Sepiember 2025 which comprise the statement of financial activilies (including income and expenditure account). statement of financial position &nd the related notes, including a summary of significant accounting poli¢i¢s. The financial reporting framework thai has been applied in their pparatiOn is Applicable law and United Kingdom Accounting Standards. including FRS 102 The Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounling Pra¢tic¢). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 30 September 2025 and of its incoming resources and application of resources, including its income and expenditure. for the year then ¢nd¢d; have been properly prepared in accordan¢e with United Kingdom Generally Accepted Accounting Practice. have b¢¢n prepared in accordance with the requirements of the Companies Act 2006. BASIS FOR OPINIOLY We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under Ihose standards are further described in lh¢ auditols responsibilities for Ihe audit of the financial statements section of our report. We are independent of the charity in acrdance wilh the ethical requir¢m¢nts that are relevant to our audit of the financial statements in the UK. including the fRC's Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believc that the audit evidence we have obtained is suificient and appropriale to provide a basis for our opinion. CONCLUSIONS RELATtNG TO GOING CONCERN In auditing the financial statements, we have conclud¢d that the trust¢¢s' use of the going concern basis of Accounting in the preparation of the financial statements is appropriate. Based on the work we have rforned, we have nol identified any material uneertainties relating to events or conditions that, individually or collectively, may cast significani doubt on the charity'5 ability to coniinue as a goin13 concern for a period of al1¢&5t twelve months from when the fingncial Statements are authorised for issue. Our responsibilities and the responsibililies of the irnstees with r¢spe¢t to going concern are described in the relevant sections of this report.
YBP LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENf AUDITOR'S REPORT TO THE MEMBERS OF YBP LIMtTED YEAR ENDED 30 SEPTEMBER 2025 OTHER INFORMATION The other information comprises ihe information included in th¢ annual report. other than th¢ financial statements and our auditor's report thereon. The trusiees are SPonSible for the other infomation. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly stated in our repor¢ we do not oxpress any form of ossurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other infonnation and. in doing so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or oih¢rwise appears lo be materially misstated. If we identify such material inconsislenci¢5 or apparent material misstatements. we are required to deterniine whether there is a material misstatement in the financial statements or a material MisstaMent of th¢ other information. If, based on the work we have perfornied, we conclude that Ihere is a material misststemenl of this other inforniation, we are required to report that fact. We have nothing to report in this regard. OPINIONS ON OTHER MAThERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion. based on th¢ work undertaken in the course of the audit.. the infomiation given in the tnislees, report for th¢ financial year for which the financial statements prepared is Consistent with the financial 5tatemenls' and the trustees, report has been prepared in accordance with applicable legal requirem¢nts. MATTERS ON WHICH WE ARE REQUtRF.D TO RIPORT BY EXCEPTION In the light of the knowledge and underslAnding 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 r¢lation 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 nol been re¢¢ived 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 infomialion 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 pr¢pare a strategic report.
YBP LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORIS REPORT TO THE MEMBERS OF YBP LIMITED YEAR ENDED 30 SEPTEMBER 2025 KESPoNsIBIL[Es OF TRUSTEES As explained more fully in the trustees, responsibilities statement. the trustees (who ar¢ also the directors for the purposes of comp&ny law) are responsible for the preparation of the fin8ncial slatemenls and for being satisfied that they give a true and fair view, and for such internal ¢ontrol as the truslees d¢temine is necessary to enable the preparation of financial statements that arc free from material misstatement. whether due to fraud or error. In preparing the financial statements, the truste¢s are responsible for assessing the charity's ability to continue as a going Concern, disclosing, as applicable. matters related to 80ing Concern and using the going concern basis of accounting unless the truste¢s either intend to liquidate the charity or to cease operations. or have no realistic alternative bul to do so. AUDITOR'S RESPONSJBILITIES FOR THE AUDIT OF THE FU¥ANCtAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial stat¢m¢nls as a whole are free from material misslat¢m¢nt, whether due to frdud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a hi¥h level of assurance, bul is not a guarantee that an audit conducted in accordan¢¢ with ISAS (UK) will always delect a material misstatement when it exists. Mi5Stalemenls can arise from fraud or error gnd are considered material if. individually or in the 8ggrcgate, rhey could r¢&sonably be expected lo influ¢n¢e the economic decisions of users taken on the basis of these financial statements. ItT¢gularities, including fraud, are instances of non-complianc¢ with laws and regulations. We design procdure5 in line with our responsibilities. outlined above. to d¢t¢ct material misstatem¢nts in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting IJTe8ularities, including fraud is detailed below: We obtained an understanding of the le881 and regulatory frameworks that are applicable lo the company through discussion with th¢ directors and senior managemeni and identified which were most 5ignifiLanl with resp¢¢t to the financial slal¢menls. We identified financial reporting le8is18tion (including related companies le8islation), charities legislation and tMx&tion legi51alion as being most significant to these financial statements. We communicated these identified fromeworks throughout our audit team and r¢mained alert to any indications of non-¢omplianc¢ thTh)u8houl th¢ audit. We ensured thal the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations. We disruss¢d with th¢ directors and senior management the polici¢s and procedures regording compliance with th¢s¢ l¢g81 and regulatory frameworks. We assessed the su¢ptiblj1ty of the company's financial 5tateTT]ents to material mis5tatem¢nt due to non-compliance of legal and regulatory frameworks, including how fraud might o¢¢ur. by enquiry wilh the direclors and senior management during the planning &nd finalisation phases of our audit and using proprietary disclosure checklists. This was delemiined to be low. Based on this underslanding we designed our audit procedures to identify non-ci)mpliance with the identified legal and regulatory framework. which were part of our pro¢edure5 on the related financial statement items. Our procedures included reviewing the company's internal controls policies and procedures. reviewing the minute5 of board m¢¢tings and correspondence with regulatory bodies including HMRC, testing transactions outside the nomial course of ihe business and journal entries, and discussions with the directors and senior management.
YBP LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YBP LIMITED (eoRliJwerf) YEAR ENDED 30 SEPTEMBER 2025 A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at wvn¥.fir.org.uklauditorsresponsibilities. This description forms part of our auditor's report. USE OF OUR REPORT This report is made solely to the charity's members, as & body, in Aeeordance with Chapter 3 of Part 16 of ihe Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an audito¢s report and for no oth¢r purpose. To the fullest extent perJnitted by law, we do not accept or assume reswnsibility to anyone other than the charity and the charity's members as a body, for our audit work. for this report, or for the opinions we have forni¢d. Asher Sternlicht (Senior Statutory Auditor) For and on behalf of Cohen Amold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWII OPU
YBP LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 30 SEPTEMBER 2025 2025 Unrestricled funds Totsl funds Total funds 2024 Note Income and endowments Donations and legacies Investment income 386,506 34,297 420,803 386,506 34297 336,000 33,621 Total IDcoin¢ 420,803 369,621 Expenditure F,xpenditure on r&i5ing funds: Investm¢nt management costs Expenditure on charitable activities Total expenditure (5.148) (5.148) (6,837) (503,064) (503,064) (468,507) (508,212) (508212) (475,344) Net gains on investhi¢nts 12 31.000 31,000 125,611 Net (expendlture)liDeome and net movement Ill fulld8 (56.409) (56,409) 19,888 Reeonclliatlon of funds Totsl funds brought forward Total funds carried fonvard 6,716,754 6,660,345 6,716,754 6,660J45 6.696,866 6.716,754 The statement of financial a¢tivtties in¢lud¢s all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on page5 1 I to 18 form part of these fitlawcial st*t¢ments.
YBP LIMtTED COMPANY LIMITED BY GUARANfEE STATEMENT OF FIIYANCIAL POSITION 30 SEYfEMBER 2025 2025 2024 Note Fixed auets Inveslmenls Is 6,070,000 6.039,000 Current ets Debiors Cash at bank and in hand 16 16.000 588J15 16,000 691.256 604J15 707,256 Credltors: amount& falllng due wliblll one ye4r Net current aS3ets 17 (13,970) (29.502} 590J45 6,660J45 677.754 6,716,754 Total A88e¢g le&q eurrent Il&bllltle8 Fundi of ihe ¢b4rlty Unrestricted ndS 6,660J45 6,660J45 6.716,754 TotAI ehArlty funds 18 6.716.754 These financial statements have been prepared in accordance with the provisions applicable to companies subjecl to the small companies, regime. These fin¢1&1 statements were approved by the board of trustees and authorised for issue on A.w.2ySg .... and are sismed on behalf of the board by.. 2Qc4-E&-po¥ Mrs S Rapaport Tru51e¢ Mrm Trusl¢e apaport The note5 on pages li to 18 forDJ part of theje finantial statements. io
YBP LIMITED COMPANY LIMITED BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 GENERAL INFORMATION 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 th¢ registered otrice is New Burlington House, 1075 Finehley Road. London. NWI I OPU. STATEMENT OF COMPLIANCE These financial ststements have been prepared in compliance wilh FRS 102, 'Th¢ Financial Reporting Standard applicable in the UK and ihe Republic of Ireland,, the Statement of Recommended Pra¢tice applicable to charities preparing their accounts in accordance with ih¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. ACCOULYTING POLICIES Bsis of prepArntion Th¢ financial statements have been prepared on the hislorical cost basis, as mi)dified by the revaluation of certain financial assets and liabilities measured at fair value Ihrough income and expenditure. The charity meets the definition of A public benefit entity under FRS 102. The financial statements are prepared in sterlin8, which 15 the functional CUencY of the entity- GoiDg ¢on¢ern There are no material uncertainties about the charity's ability to wntinue. Consolidation The charity is not required to prepare consolidated accounts in accordance with the Charities Act 2011. and has taken &dvant8ge of Ih¢ option not to prepare consolidated financial statements contained in Seclion 398 of the Companies Act 2006 on the b85iS that the charity and its subsidiary undertakings comprise a small group. Judgements and key 8ource8 of estimatlOD un¢ertinty In the application of ihe company's accounting policies, the directors are required to make judgements. ¢slimate5 and assumptions about the carying amounts of assets and liabilitie5 that re not readily apparent from other sour¢¢s. The estimates and associated assumptions are based on historical experience and other factors that are wnsidered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estim&t¢ is revised if the revision ffects 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, 115 location and expected future nel rental values, market yields and cotnparable market transactions. Therefore the valuations are subject to a d¢gr¢¢ of uncertainty and are made on the basis of assumptions which Tnay not prov¢ ¢0 be accurate. particularly in periods of difficult market or econoTnic conditions.
YBP LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CottNed) YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POLICIES fcoNtiffued) Taxatlon The Charilable 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 their income will be gifted for charitsble purposes and should be exempt from twtion. Notsviihstanding the above, defeed tax is recognised in respect of all timing differences present in the non-charitable subsidiary undertakings. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probt4ble that thcy will be recovered against the reversal of deferred lax liabilities or other future taxable profits. Def¢ed tax is measured using the tax rates and laws that have been enacted or subst&ntively enacted by the r¢porting date ihat are expected to apply lo the reversal of the timing difference. Fund ACCOUlbtlng Unrestricted funds are available for us¢ at th¢ discretion of th¢ trustees to further any of the eharity's purposes. Inwming resource8 All income is included in the slat¢m¢nt of financial activities when entitlement has PAS5ed to th¢ harity, it is probable that the ¢¢onomic benefits associated with the transaction will flow to Ihe ¢h8rity and the amount b¢ reliably tneasured. The following specific policies are applied to particular categories of income.. income from donations or grants is r¢cognised when there is evidence of entitlement to the gift, r¢¢¢ipt is probable and its amount can be measured reliably. Resourees expended Exp¢nditure is recognised as soon as there is a present obligalion committing the Charity to pay out sOurceS it is probable that a transfer of economic benefits will be required in settlement and the amount can be measured or estimated reliably. Grnnts payable are only recognised in the accounts when puid. Investment mxnagement costs Investment mana8ernent costs include costs relating to the investment properties on an accrual basis. Support co8t5 Support costs are those costs which are common to all areas of the organisation. These are allo¢al¢d across all areas of activity on the basis of the nutnber of servi¢e users for each activity. Governance costs Governance costs are a550ciated with the governance arrangements of the charity and relate to the gener&l running of the charity. Thes¢ costs include audit, legal advice for Trustees and cosls associated with meeting Constitutional and statutory requirements such as the cost of Trustee meeting5 and the preparation of th¢ slatutory accounts. 12
YBP LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (tOhlthue4) YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POLICIES (covftnM¢rf) Investments Unlisted equity investm¢nts are initially recorded at cosl. and subsequently measured at fair value. Knvo8tment property Investment properties are reco8nis¢d initially at cost. Subsequent to initial recognition - Investment properties whose fair value can be measured reliably are held at fair value. Any gains or losses arising from changes in the fair value are recognised in ihe profit and loss account in the period that they arise. and No d¢preciation is provided in respect of investment properties applyin8 the fair value model. Investment property fair value is detemlined by the Trustees, based on Iheir understanding of property market conditions and the specific property concerned, using a sales valuation approach, derived from r¢c¢nt comparable trdnsactions and mark¢t yields, adjusted by applyin8 diwounts to reflecl ststus of oceupaiion and condition. Impairmellt of fixed assety A review for indicator5 of irnpairment is Carried out at each reporting date, with the recoverable amount being estimated where such indiLators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. FlnAnclal In8¢rumellts Financial instruments are classified And accounted for. aordIng to the substance of th¢ contractual arrangement, as either fiiiancial assets, financial liabilities or equity in.struments. An equity instrument is any contract that evidences a residual interest in the a55els of the Company after deducting all of its liabilities. LIMITED BY GUARANTEE The Charity ts a Company Limited by Guarantee and has no Shar¢ Capital. DONATIONS AND LEGACIES Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Fund5 2024 Donations Donations received 386,506 386,506 336,000 336,000 13
YBP LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (cond#Med) YEAR ENDED 30 SEPTEMBER 2025 INVESTMENT INCOME Unrestri¢t¢d Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from investm¢nt properties Bank interest receivable 26.340 7,957 26?40 7,957 34,297 26,340 7,281 33,621 26,340 7.281 34,297 33,621 tNVESTMENT MANAGEMELYT COSTS Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Inv¢stment property outgoings 5,148 5.148 6,837 6,837 EXPENDITURE ON CHARtTABLE AcrivrriES BY FUND TYPE Unr¢stricted Tothl Fullds Unrestricted Total Funds Funds 2025 Funds 2024 Donations paid Support costs 496,590 6,474 496,590 6,474 462,360 6,147 462,360 6,147 468.507 503,064 503,064 468,507 EXPENDITURE ON CHARITABLE ACTlVtTIES BY ACTIVITY TYPE Grant ndinB of activities Support costs Total funds 2025 Total fund 2024 Donations paid Gov¢rnan¢¢ costs 496.590 496,590 6,474 303,064 462.360 6.147 6.474 6,474 496,590 468.507 10. ANALYSIS OF SUPPORT COSTS Legal and professional fees Audit fees Total 2025 Total 2024 Governance costs 204 6.270 6,474 6,147 14
YBP LIIVllTED COMPANY LIMITED BY GUA114NTEE NOTES TO THE FINANCIAL STATEMENTS (cothue YEAR ENDED 30 SEPTEMBER2025 11. ANALYSIS OF GIL4NTS 2025 Grants to Institutions Satmar Kolel Mifal Tzedoko Vchesed Limited Vyoel Moshe Charitable Trust Bait Limud Vchesed Asser Bishvil Foundation Chareidim Bels Shaymesh Notzar Chesed Colle8e for Higher Rabbinical Studies Amud Hatzdokoh Trust Ben Amram Chariiable Trnst Open Door Society Limited Support the Charity Worker Other grants below £15,000 Tolal grant$ 40,000 33,500 30,000 23,500 20,000 20,000 20,000 19JOO 15J20 15,01)0 15,000 229,970 496,591) All grants r¢lal¢ lo the advancement of education, and the relief of pov¢ty, sickness, hardship and distress. 12. NET GAINS ON INVESTMENTS Unre5tri¢t¢d Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Surplusl{Deficit) on revaluation of investments in group undertakings Gains/(losses) on other investment assets 31,000 31,000 (13,000) (13,000) 138.611 138,611 31,000 31,000 125.61 125,611 13, AUDITORS REMUNERATION 2025 2024 Fees payable for the audit of the financial statements 6270 5,730 14. TRUSTEE REMUNERATION AND EXPEIYSES No salaries or wages have been paid to any employee or Trustee by the Charitable Company. No Trustee expenses have been incurred. Is
YBP LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS I YEAR ENDED 30 SEwfEMBER 2025 iiR¥dJ IS. INVESTMENTS Shares in Investment group properties undertakings Total FAir v4lue At l OctobeT 2024 Additions Fair value movements 550,000 5.489.000 6,039,OIKI 31.000 31,1)IKI 6,070,000 At 30 September 2025 Impairmellt At l October 2024 4Dd 30 Sept¢mber 2025 Carrying amouDI At 30 September 2025 At 30 September 2024 550,000 5,520.000 550.000 5,520,000 550,000 5.489,000 6.070,000 6,039.000 All investments shown abov¢ ar¢ held al valuation. Inveslment properties The Company's investment properties were valued by the trustees at 30 September 2024 bAsed on the trusiecs, understsnding of properry market conditions and lh¢ $cIfiC property conc¢m¢d using a sales valuation approach, derived from recent comparabl¢ transaclions on the market. Adjusted by applying discounts lo r¢flect status of occupalion and condition. In the event of the realisation of the company's investment properties at an omount equal to th¢ valuation recorded in the financial ststemenls, no liability lo corporation tax on chargeable gains would arise because it is anlicipaled that all realised surpluses from the sale of investh)ents will be applied for ¢h8ritable purposes and therefore will be exempt from corporation tax. Th¢ historical cost of the properties is £529.065. 16
YBP LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINAINCIAL STATEMENTS {¢ovilKMed) YEAR ENDED 30 SEPTEMBER 2025 IS. INVESTMENfs Shares in groyp undertakings The Company held IO0% of the issued share capital in Ablepine Limited. Apexrul¢ Limited and Gillis Properties Limited which are incorporated in Great Britain and registered in England. The issued share capital of Ablepine Limited and Gillis Prop¢rtie$ Limited are h¢ld directly by the Company, and ihe issued share capital of Apexrule Limited is held by Abl¢pine Limited. The capital and reserv¢s and profit and loss of the Subsidiary undertakings for which Group Accounts have not been prepared under the exeTnption conferred by Section 398 Companies Aci 2006 are as follows: Aggregate eaplial and rejervei 2023 2024 Abl¢pin¢ Limited Apexrule Limited Gillis Properties Limited Profitkn8 for ibe yeAr 336.646 4J14,033 669.469 337.066 4.639,390 512,469 2025 2024 Abl¢pin¢ Limited Apexrule Limited Gillis Propertie5 Limited (420) 129,643 252,000 (686) 264,317 61.697 16. DEBTORS 2025 2024 Other deOr5 16,000 16.000 17. CREDITORS: amounts falling due Md¢hln on¢ year 2025 2024 Trade creditors Other creditors 5,832 23.670 13,970 13.970 29,502 17
YBP LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eMthtMed) YEAR ENDED 30 SEYfEMBER 2025 18. ANALYSIS OF CHARrrABLE FUNDS Unrestricted fulldg At30 Gains and September losses At l October 2024 Income Expenditure 2025 General funds 6.716,754 420,803 (508.212) 31,000 6,660J4S At30 ain8 and September 10s8es 2024 At l October 2023 Income Expenditure General funds 6,696,866 369.621 (475,344) 125.61 6,716,754 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unreslrict¢d Tolal Funds Funds 2025 Investments Current assets Creditors less than l year Net asgets 6.070,000 604.315 (13,970) 6,660.345 6,070,000 604J15 (13,970) 6,660J45 Unrestricl¢d 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 20. RELATED PARTY TIUNSACTIONS Donations re¢¢ived includes amounts a88re8atiTJg £350,000 from lh¢ Subsidiary und¢rtaking5. No restrictions were attached to any of the donAtions received. 18