Registered Charity No. 1101816 ## **THE Y & B CHARITABLE TRUST** ## **Financial Statements** **For the year ended 5 April 2025** ## **Sefton Yodaiken & Co Ltd Chartered Accountants** 5 Mildred Avenue George Street Prestwich Manchester M25 0LR ## •Y & B Charitable Trust• ## **Annual Report For the year ended 5 April 2025** The trustees present their report for the year ended 5 April 2025. ## **Constitution** The charity, Y&B Charitable Trust was established by Trust Deed and is a registered charity number 1101816. Its address is RICO House George Street Prestwich M25 9WS. ## **Charity’s Objectives, Activities, Organisation and Principal Beneficiaries** 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 fit. The Trustees confirm they have referred to the guidance contained in the Charity Commission’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 Trustees who served during the year were: - Bernice Issler - Chaim Mordechai Sandler ## **Review of progress, achievements and plans for the future** Charitable donations received during the year amounted to £ Charitable donations amounting to £ were paid in line with the trust’s objectives. 2 ## •Y & B Charitable Trust• ## **Annual Report For the year ended 5 April 2025** ## **Statement of Trustees’ 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 financial year. In preparing those financial statements giving a true and fair view, the board of trustees should follow best practice and: - Select suitable accounting policies and then apply them consistently; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. The trustees are also responsible for keeping proper 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 financial 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 29 June 2026 3 •Y & B Charitable Trust• ## **Independent examiners report for the trustees For the year ended 5 April 2025** I report on the accounts of the Trust for the year ended 5 April 2025 which are set out on pages 4 to 5. ## **Respective responsibilities of trustees and examiner** As the charity’s trustees you are responsible for the preparation of the accounts. You consider that the audit requirement 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 Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or 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 consequently do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: - (1) 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 Act; and - (ii) to prepare accounts which accord with the accounting records and to comply with the accounting requirement of the Act - have not been met; 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 29 June 2026 Sefton Yodaiken & Co Ltd 5 Mildred Avenue Prestwich, M25 0LR 4 ## •Y & B Charitable Trust• ## **Statement of Financial Activity For the year ended 5 April 2025** |||2025|2024| |---|---|---|---| ||Notes|£|£| |_Incoming resources_|||| |Voluntary income||24,505|31,195| |Investment income||31,695|47,133| |Lottery grant income||---|---| |||-----------------|-----------------| |Total incoming resources||56,200|78,328| |||-----------------|-----------------| |_Resources expended_|||| |Charitable distribution||21,989|21,695| |Governance costs|3|19,132|20,500| |Support costs|4|5,378|5,501| |||-----------------|-----------------| |Total expenditure for the year||46,499|47,696| |||-----------------|-----------------| |Net surplus for the year||9,701|30,632| |Balance B/F||212,461|181,829| |||-----------------|-----------------| |Balance C/F||222,162|212,461| |||==========|==========| 5 ## •Y & B Charitable Trust• ## **Balance Sheet As at 5 April 2025** ||||2025||2024| |---|---|---|---|---|---| ||Notes|£|£|£|£| |**Fixed assets**|||||| |Land and property|5||655,478||655,478| |**Current assets**|||||| |Debtors||129,259||113,837|| |Cash at bank||110||---|| |||---------|||| |||129,369|||| |||---------||----------|| |Creditors: due in one year|6|(78,753)||(80,960)|| |||---------------||----------------|| |Net current liabilities|||50,616||32,877| ||||----------------||----------------| ||||706,094||688,355| |Creditors: due after one year|7||(483,932)||(475,894)| ||||----------------||----------------| ||||222,162||212,461| ||||=========||=========| |**Funds**|||||| |Unrestricted|||222,162||212,461| ||||=========||=========| Approved by the trustees on 29 June 2026 and signed on their behalf. ________________ Mr. A. Issler Trustee 6 •Y & B Charitable Trust• ## **Notes to the Financial Statements For the year ended 5 April 2025** ## **1.** ## **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 practise on accounting by charities (Charities SORP FRS 102) and the Charities 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. ## **2. Net movement in funds for the year** Is stated after charging the following items: |||2025|2024| |---|---|---|---| |||£|£| ||Independent examiner’s remuneration|600|600| |||========|========| |**3.**|**Governance costs**||| |||2025|2024| |||£|£| ||Loan interest and fees|18,481|19,898| ||Accountancy|600|600| ||Bank charges|51|2| |||------------------|---------------| |||19,132|20,500| |||==========|=========| |**4.**|**Support costs**||| |||2025|2024| |||£|£| ||Management fees|2,016|1,920| ||Insurance|---|---| ||Professional fees|---|---| ||Repairs|1,987|2,481| ||Advertising|725|600| ||Other administrative costs|650|500| |||------------------|---------------| |||5,378|5,501| |||==========|=========| 7 •Y & B Charitable Trust• ## **Notes to the Financial Statements For the year ended 5 April 2025** ## **5. Fixed Assets** |**5.**|**Fixed Assets**||| |---|---|---|---| |||Land and buildings|| ||||£| ||B/F & C/F||655,478| ||Depreciation||| ||Charge for the year||---| ||Net book value||| || 5 April 2025||655,478| ||||============| || 5 April 2024||655,478| ||||============| |**6.**|**Creditors:**amounts falling due within one year||| |||2025|2024| |||£|£| ||Trade creditors|860|2,300| ||Bank overdraft|---|767| ||Other creditors|77,893|77,893| |||-----------------|---------------| |||78,753|80,960| |||==========|=========| |**7.**|**Creditors:**amounts falling due after one year||| |||2025|2024| |||£|£| ||Bank loans secured|374,685|366,647| ||Bounce back loan|48,232|48,232| ||Other creditors|61,015|61,015| |||------------------|-----------------| |||483,932|475,894| |||==========|==========| ## **8. Trustees** No remuneration was paid and no expenses were reimbursed to the trustees during the year. 8