2021-09-30-accounts

COMPANY REGISTRATION NUMBER: 05373032

CHARITY REGISTRATION NUMBER: 1109706

Friends of Bnei Akiva (Bachad) Company Limited by Guarantee Unaudited Financial Statements 30 September 2021

GK & CO. LLP

Chartered accountants Hallswelle House 1 Hallswelle Road London NW11 0DH

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Financial Statements

Year ended 30 September 2021

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	5
Statement of financial activities (including income and
expenditure account)	6
Statement of financial position	7
Notes to the financial statements	9

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 September 2021

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2021.

Reference and administrative details

Registered charity name Friends of Bnei Akiva (Bachad) Charity registration number 1109706 Company registration number 05373032 Principal office and registered 2 Hallswelle Road office London NW11 ODJ

The trustees

Mr S Blumgart Mr M Weinstein Mr S Melnick Independent examiner GK & Co LLP Hallswelle House 1 Hallswelle Road London NW11 0DH

Structure, governance and management

GOVERNING DOCUMENT

Friends of Bnei Akiva (Bachad) is a charitable company, limited by guarantee, incorporated on 22 February 2005 and registered as a charity with the Charity Commission on 26 May 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

APPOINTMENT OF TRUSTEES

The directors of the company are also charity trustees for the purposes of charity law. The charitable company is managed by a board of trustees which is responsible for setting the strategic direction of the organisation and for establishing policy. The trustees are appointed by the board on the recommendation of other members of the board.

TRUSTEE INDUCTION AND TRAINING

All longstanding trustees are already familiar with the practical work of the charity and new trustees are encouraged to attend board meetings to familiarise themselves with the charity and the context within which it operates.

- 1 -

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2021

Structure, governance and management (continued)

ORGANISATION STRUCTURE

As mentioned above, the charity is managed by a board of trustees.

The trustees meet on a regular basis to deal with special business. The Charity works closely, in a spirit of friendship and co-operation with Bnei Akiva. Its members are made up of parents, former members and well-wishers. They support the work with fund-raising and collecting donations for capital projects, as well as supporting Bnei Akiva with funds for its educational work.

RELATED PARTIES

The charity has a close relationship with Bnei Akiva for whom it supplies financial and other support. Bnei Akiva is the world's largest religious Zionist youth organisation, active all over the world, with over 50,000 members.

RISK MANAGEMENT

The trustees have conducted a review of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, and visitors to the youth centres. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. The charity manages its financial risk by setting a reserves policy which is regularly reviewed by trustees.

Objectives and activities

The principal objectives of the charity throughout the year have been to foster and promote education (including education in the Jewish Religion) for Jewish youth in The United Kingdom and in Israel. These objectives are achieved by providing support, financial and otherwise, to Bnei Akiva.

The charity also provides grants for needy individuals children towards the cost of various Bnei Akiva camps, Israel trips, and other events.

The charity has youth centres in Manchester and London for the purposes of achieving these objectives.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

The main areas of charitable activities are the provision and maintenance of the youth centres in London and Salford, organising events and providing grants to Bnei Akiva.

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2021

Financial review

During the year, the charity's funds have been applied in furtherance of its objectives and the day to day running of the charity.

In the year to 30 September 2021, incoming resources amounted to £88,017 (2020: £149,425) and resources expended amounted to £215,436 (2020: £337,284).

At 30 September 2021, the charity had a total unrestricted fund balance of £1,124,259 (2020: £1,251,678).

There have been no changes in the accounting policies of the charity during the year.

The charity will continue to depend on donors and past and present members who have supported our activities.

The trustees would like to express our gratitude to our donors, members, and volunteers who have generously given of their time and effort and have contributed towards the charity's activities and objectives.

RESERVE POLICY

The trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission and have concluded that the general reserves amounting to £1,124,259 (2020: £1,251,678) are necessary to maintain the day to day running of the charity and to achieve its objectives.

PUBLIC BENEFIT

The trustees have considered the guidance published by the Charity Commission and believe that the charity in carrying out its objectives, fully complies with these requirements. In particular the work with fund-raising and collecting donations for capital projects, and supporting Bnei Akiva with funds for its educational work and supporting jewish youth through traditional religious education and social activities automatically gives rise to a public benefit. Each year the trustees review the objectives and activities of the charity to ensure that they continue to reflect these aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.

Plans for future periods

The charity plans to continue the activities as outlined above.

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2021

The trustees' annual report and the strategic report were approved on 16 May 2022 and signed on behalf of the board of trustees by:

Mr S Melnick Trustee

- 4 -

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Friends of Bnei Akiva (Bachad)

Year ended 30 September 2021

I report to the trustees on my examination of the financial statements of Friends of Bnei Akiva (Bachad) ('the charity') for the year ended 30 September 2021.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

GK & Co LLP Independent Examiner

Hallswelle House 1 Hallswelle Road London NW11 0DH

16 May 2022

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 September 2021

		2021	2021	2020
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	64,257	64,257	133,435
Other income	6	23,760	23,760	15,990
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total income		88,017	88,017	149,425
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies	7	6,258	6,258	26,008
Expenditure on charitable activities	8,9	209,178	209,178	311,276
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total expenditure		215,436	215,436	337,284
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net expenditure		(127,419)	(127,419)	(187,859)
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Other recognised gains and losses
Gains from revaluation of fixed assets		–	–	300,000
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net movement in funds		(127,419)	(127,419)	112,141
Reconciliation of funds
Total funds brought forward		2,333,166	2,333,166	2,221,025
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total funds carried forward		2,205,747	2,205,747	2,333,166
		৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶

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 9 to 15 form part of these financial statements.

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Statement of Financial Position

30 September 2021

		2021	2020
	Note	£	£
Fixed assets
Tangible fixed assets	13	2,743,393	2,744,906
Current assets
Debtors	14	2,852	22,580
Cash at bank and in hand		31,423	58,596
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
		34,275	81,176
Creditors: amounts falling due within one year	15	181,856	142,851
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net current liabilities		147,581	61,675
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities		2,595,812	2,683,231
Creditors: amounts falling due after more than one year	16	390,065	350,065
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Net assets		2,205,747	2,333,166
		৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
Funds of the charity
Unrestricted funds:
Revaluation reserve		1,081,488	1,081,488
Other unrestricted income funds		1,124,259	1,251,678
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total unrestricted funds		2,205,747	2,333,166
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total charity funds	17	2,205,747 ৶৶৶৶৶৶৶৶৶৶৶৶	2,333,166 ৶৶৶৶৶৶৶৶৶৶৶৶

For the year ending 30 September 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The statement of financial position continues on the following page. The notes on pages 9 to 15 form part of these financial statements.

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Statement of Financial Position (continued)

30 September 2021

These financial statements were approved by the board of trustees and authorised for issue on 16 May 2022, and are signed on behalf of the board by:

Mr S Melnick Trustee

The notes on pages 9 to 15 form part of these financial statements.

- 8 -

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2021

1. 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 the registered office is 2 Hallswelle Road, London, NW11 ODJ.

2. Statement of compliance

These financial statements have been prepared 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 applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. 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 and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

General funds are unrestricated funds which are available for use at the discretion of the trustees in furtherance of the general objectifies of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each of the restricted funds is set out in the notes to the financial statements.

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

3. Accounting policies (continued)

Incoming resources

All incoming resources are 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.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of fundraising activities carried out by the charity. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of the resources.

Tangible assets

Freehold properties are shown at valuation and the other fixed assets are initially recorded at cost. No depreciation is provided on freehold land and buildings as the charity has a policy and practice of regular repairs and maintenance (charges for which are recognised in the income and expenditure account) such that the freehold land and buildings is maintained at its existing state.

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

3. Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, fittings & equipment - 20% reducing balance Religious artefacts - 2% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

4. Limited by guarantee

Friends of Bnei Akiva (Bachad) is a charitable company, limited by guarantee, incorporated on 22 February 2005 and registered as a charity with the Charity Commission on 26 May 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Donations
Donations and covenants	51,689	51,689	107,135	107,135
Brochures	–	–	22,907	22,907
Dinner	50	50	263	263
Other rental and hall hire	1,090	1,090	2,170	2,170
Events and appeals	11,428	11,428	960	960
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	64,257 ৶৶৶৶৶৶৶৶	64,257 ৶৶৶৶৶৶৶৶	133,435 ৶৶৶৶৶৶৶৶৶	133,435 ৶৶৶৶৶৶৶৶৶

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

6. Other income

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Rents received	23,760	23,760	15,990	15,990
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
7.	Costs of raising donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Costs of raising donations and legacies
	- Donations	6,258	6,258	26,008	26,008
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
8.	Expenditure on charitable activities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Grants paid	120,893	120,893	228,150	228,150
	Support costs	88,285	88,285	83,126	83,126
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
		209,178	209,178	311,276	311,276
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
9.	Expenditure on charitable activities by activity type
		Activities
		undertaken		Total funds	Total fund
		directly Support costs		2021	2020
		£	£	£	£
	Grants paid	120,893	82,902	203,795	305,976
	Governance costs	–	5,383	5,383	5,300
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
		120,893	88,285	209,178	311,276
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

10. Net expenditure

Net expenditure is stated after charging/(crediting):

Net expenditure is stated after charging/(crediting):
	2021	2020
	£	£
Depreciation of tangible fixed assets	1,513	1,648
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
Independent examination fees
	2021	2020
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	3,360 ৶৶৶৶৶৶৶	3,360 ৶৶৶৶৶৶৶

11. Independent examination fees

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

13. Tangible fixed assets

		Land and
		buildings	Equipment	Torah scrolls	Total
		£	£	£	£
	Cost
	At 1 October 2020 and
	30 September 2021	2,700,000	29,047	48,665	2,777,712
		৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
	Depreciation
	At 1 October 2020	–	26,345	6,461	32,806
	Charge for the year	–	540	973	1,513
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
	At 30 September 2021	–	26,885	7,434	34,319
		৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
	Carrying amount
	At 30 September 2021	2,700,000	2,162	41,231	2,743,393
		৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
	At 30 September 2020	2,700,000	2,702	42,204	2,744,906
		৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
14.	Debtors
				2021	2020
				£	£
	Tax on gift aid			2,222	6,747
	Other debtors			630	15,833
				ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
				2,852	22,580
				৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
15.	Creditors: amounts falling due within one year
				2021	2020
				£	£
	Accruals and deferred income			3,360	3,360
	Other creditors			178,496	139,491
				ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
				181,856	142,851
				৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

Other creditors relate to amounts due to Bnei Akiva of Gt Britain & Ireland.

16. Creditors: amounts falling due after more than one year

	2021	2020
	£	£
Other creditors	390,065	350,065
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

16. Creditors: amounts falling due after more than one year (continued)

Other creditors wholly comprise of an interest free loan from one of the trustees amounting to £390,065 (2020 £350,065).

17. Analysis of charitable funds

Unrestricted funds
	At				At
	1 October 202			Gains and	30 Septembe
	0	Income	Expenditure	losses	r 2021
	£	£	£	£	£
Unrestricted Fund -
General Fund	1,251,678	88,017	(215,436)	–	1,124,259
Revaluation reserve	1,081,488	–	–	–	1,081,488
	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
	2,333,166	88,017	(215,436)	–	2,205,747
	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
	At				At
	1 October 201			Gains and	30 September
	9	Income	Expenditure	losses	2020
	£	£	£	£	£
Unrestricted Fund -
General Fund	1,439,537	149,425	(337,284)	–	1,251,678
Revaluation reserve	781,488	–	–	300,000	1,081,488
	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
	2,221,025	149,425	(337,284)	300,000	2,333,166
	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

18. Analysis of net assets between funds

	Unrestricted	Total Funds
	Funds	2021
	£	£
Tangible fixed assets	2,743,393	2,743,393
Current assets	34,275	34,275
Creditors less than 1 year	(181,856)	(181,856)
Creditors greater than 1 year	(390,065)	(390,065)
	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Net assets	2,205,747	2,205,747
	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
	Unrestricted	Total Funds
	Funds	2020
	£	£
Tangible fixed assets	2,744,906	2,744,906
Current assets	81,176	81,176
Creditors less than 1 year	(142,851)	(142,851)
Creditors greater than 1 year	(350,065)	(350,065)
	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Net assets	2,333,166	2,333,166
	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶

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