Registered Charity No. 1101816 THE Y & B CHARITABLE TRUST Financial Statements For the year ended 5 April 2024 Sefton Yodaiken & Co Chartered Accountants Fairways House George Street Prestwich Manchester M25 9WS •Y & B Charitable Trust• Annual Report For the year ended 5 April 2024 The trustees present their report for the year ended 5 April 2024. Constitution The charity, Y&B Charitable Trust was established by Trnst Deed and is a registered charity number 1101816. Its addr￿ is RICO House George Street Prestwich M25 9WS. Chariws Objectives, Acti￿tIes. Organisation and Principal BenefiLuaries The charity's trustees are required to apply the income for such charitable purpose or purposes or in the furtherance of any such charitable object or objects as they shall in their absolute discretion from time to time as they think fiL The Trustees confirm they have referred to the guidance contsined in the Charity Conimission's general guidance on public benefit when reviewing the trust's aim and objectives and in planning future activities and setting the donation making policy for the year. The Trnstees who served during the year were: Bernice Issler Chaini Mordechai Sandler Re￿eW of progress, achievements and plans for the future Charitable donations rec￿Ved during the y&ar amounted to £ Charitable donations amounting to £ were paid in line with the trust's obiectsves. •Y & B Charitable Trnst• Annual Report For the year ended 5 April 2024 Statement of Trnstees, Responsibilities The Trustee's are required under the Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and its financial position at the end of the finanaal year. In preparing those financial statements giving a true and fair view, the board of tr￿SteeS should follow ￿st practice and: Select suitable accountlng poliaes and then apply them consistendy; Make judgements and estimates that are reasonable and prudent State whether applicable accounting standards and statements of recommended practxce have been followed, subject to any departures disclosed and explained in the financial statements. epare the financlal statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. The trustees are also reSPon￿bIe for keeping propeT accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity to ensure that the finanaal statements comply with the requirements of applicable law and regulations. 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. Mrs. B. Issler Trustee 30 April 2025 •Y & B Charitable Trust• Independent examiners report for the trustees For the year ended 5 April 2024 I report on the accounts of the Tn￿t for the year ended 5 April 2024 which are set out on pages 4 to 5. Respective responsibilities of trnstees and e￿iner As the charity's trustees you are responsible for the preparation of the accounts. You consider that the audit Tequirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directtons given by the Charity Comniissioners under section 145(5)(b) of the ACL whether particular matters have come to my attention. Basis of independent examinefs report My examination was carried out in accordan￿ with the General Directions given the Charity conmil￿0ners. An e￿i￿tiOn indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items OT disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequendy do not express an audit opinion on the view given by the accounts. Independent examinds Statement In connection with my exaniination, no matter has come to my attention: (l) Which gives me reasonable cause to believe that in any material respect the requirements (I) to keep accounting records in accordance with section 130 of the Actr to prepare accounts which accord with the accounting records and to comply with the accounting requirement of the Act have not been meL or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr. S. Yodaiken 30 April 2025 Sefton Yodaiken & Co Fairways House Georse Street Prestwich, M25 9WS •Y & B Charitable Trust• Statement of Financial Activity For the year ended 5 April 2024 2024 2023 Notes Incomtng resources Voluntary income Investment income Lottery grant income 31,195 47,133 44,412 18,063 10,000 Total incoming resour￿5 78?28 Resources expended Charitable distribution Governance costs Support costs 21fi95 20S(M) s￿01 29,087 11,928 4,321 Total expenditure for the year 47,696 45,336 Net surplus for the year Balance B/F 30.632 181*29 27,139 154,690 Balance C/F 212,461 181,829 •Y & B Charitable Trust• Balance Sheet As at 5 April 2024 2024 2023 Notes Fixed assets Land and property 655,478 655,478 Current assets Debtors I13￿7 84,907 Creditors: due in one yeaT (80,960) (82,093) Net current liabi]ities 32rt877 2F14 &88,355 (475094) 658,292 (476,4&3) Creditors: due after one year 212A61 181029 Funds Unrestricted 212,461 181,829 Approved by the trustees on 30 April 2025 and signed on their behalf. Mr. A. Issler Trustee •Y & B Charitable Trust• Notes to the Financial Statements For the year ended 5 April 2024 Accounting Policies These accounts have been Prepared under the historical cost convention and in accordance with applicable accounting standards and the charities Statement of recommended practAse on accounting by charities (Charities SORP FRS 102) and the aiarities Act 2011). Recognition of incoming resources Investment income is recorded when receivable and represents rent received from investment properties. Voluntary income and donations are recorded on a receipts basis. Net movement in funds for the year Is stated after charging the following items: 2024 2023 Independent eknminef s remuneration Governance costs 2024 2023 IA)an interest and fees Accountancy Bank charges 19,898 11,379 (51) 20,500 11,928 Support eosts 2024 2023 Management fees Insurance Professional fees Repairs Advertlsing Other adMi￿at[ve costs 1,920 1,410 1481 611 5(K) 5,501 4?21 •Y & B Charitable Trust• Notes to the Financial Statements For the year ended 5 April 2024 Fixed Assets Land and buildings B/F & C/F 655,478 Depreciation Charge for the year Net book value 5 April 2024 655,478 5 April 2023 655,478 Creditors: amounts falling due within one year 2024 2023 Trade creditors Bank overdraft Other creditors 2JOO 767 77F93 1,700 80393 80,960 Creditor& amounts falling due after one year 2024 2023 Bank loans secured Bounce back loan Other creditors 366,647 48,232 61,015 366,647 48,801 61,015 475,894 476,463 Trustees No remuneration was paid and no expenses were reimbursed to the trustees during the year.