2022-09-30-accounts

COMPANY REGISTRATION NUMBER: 05373032 CHARITY REGISTRATION NUMBER: 1109706

Friends of Bnei Akiva (Bachad) Company Limited by Guarantee Unaudited Financial Statements 30 September 2022

GK & CO. LLP

Chartered accountants Hallswelle House 1 Hallswelle Road

London England NW11 0DH

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Financial Statements

Year ended 30 September 2022

	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)	7
Statement of financial position	8
Statement of cash flows	10
Notes to the financial statements	11

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

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

Year ended 30 September 2022

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 2022.

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 P P Smulovitch Hallswelle House 1 Hallswelle Road London England 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 2022

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 2022

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 2022, incoming resources amounted to £542,477 (2021: £88,017) and resources expended amounted to £430,399 (2021: £215,436).

At 30 September 2022, the charity had a total unrestricted fund balance of £1,236,337 (2021: £1,124,259).

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 £1,236,337 (2021: £1,124,259) 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.

- 3 -

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

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

Year ended 30 September 2022

The trustees' annual report and the strategic report were approved on 24 May 2023 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 2022

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 2022.

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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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).

- 5 -

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

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

(Bachad) (continued)

Year ended 30 September 2022

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.

P P Smulovitch Independent Examiner

Hallswelle House 1 Hallswelle Road London England NW11 0DH

24 May 2023

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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 2022

		2022	2022	2021
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	520,757	520,757	64,257
Other income	6	21,720	21,720	23,760
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total income		542,477	542,477	88,017
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies	7	16,505	16,505	6,258
Expenditure on charitable activities	8	413,894	413,894	209,178
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total expenditure		430,399	430,399	215,436
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net income/(expenditure) and net movement in funds		112,078	112,078	(127,419)
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward		2,205,747	2,205,747	2,333,166
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total funds carried forward		2,317,825	2,317,825	2,205,747
		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 11 to 17 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 2022

		2022	2021
	Note	£	£
Fixed assets
Tangible fixed assets	13	2,741,988	2,743,393
Current assets
Debtors	14	78,639	2,852
Cash at bank and in hand		64,042	31,423
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
		142,681	34,275
Creditors: amounts falling due within one year	15	196,779	181,856
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net current liabilities		54,098	147,581
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities		2,687,890	2,595,812
Creditors: amounts falling due after more than one year	16	370,065	390,065
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Net assets		2,317,825	2,205,747
		৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
Funds of the charity
Unrestricted funds:
Revaluation reserve		1,081,488	1,081,488
Other unrestricted income funds		1,236,337	1,124,259
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total unrestricted funds		2,317,825	2,205,747
		ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Total charity funds	17	2,317,825 ৶৶৶৶৶৶৶৶৶৶৶৶	2,205,747 ৶৶৶৶৶৶৶৶৶৶৶৶

For the year ending 30 September 2022 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 11 to 17 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 2022

These financial statements were approved by the board of trustees and authorised for issue on 24 May 2023, and are signed on behalf of the board by:

Mr S Melnick Trustee

The notes on pages 11 to 17 form part of these financial statements.

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Statement of Cash Flows

Year ended 30 September 2022

	2022	2021
	£	£
Cash flows from operating activities
Net income/(expenditure)	112,078	(127,419)
Adjustments for:
Depreciation of tangible fixed assets	1,405	1,513
Changes in:
Trade and other debtors	(75,787)	19,728
Trade and other creditors	(5,077)	79,005
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Cash generated from operations	32,619	(27,173)
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net cash from/(used in) operating activities	32,619	(27,173)
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Net increase/(decrease) in cash and cash equivalents	32,619	(27,173)
Cash and cash equivalents at beginning of year	31,423	58,596
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Cash and cash equivalents at end of year	64,042 ৶৶৶৶৶৶৶৶	31,423 ৶৶৶৶৶৶৶৶

The notes on pages 11 to 17 form part of these financial statements.

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2022

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 2022

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 2022

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	2022	Funds	2021
	£	£	£	£
Donations
Donations and covenants	485,181	485,181	51,689	51,689
Dinner	–	–	50	50
Other rental and hall hire	4,333	4,333	1,090	1,090
Events and appeals	4,843	4,843	11,428	11,428
Building donation	26,400	26,400	–	–
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	520,757 ৶৶৶৶৶৶৶৶৶	520,757 ৶৶৶৶৶৶৶৶৶	64,257 ৶৶৶৶৶৶৶৶	64,257 ৶৶৶৶৶৶৶৶

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2022

6. Other income

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		£	£	£	£
	Rents received	21,720	21,720	23,760	23,760
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
7.	Costs of raising donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		£	£	£	£
	Costs of raising donations and legacies
	- Donations	16,505	16,505	6,258	6,258
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
8.	Expenditure on charitable activities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		£	£	£	£
	Grants paid	287,810	287,810	120,893	120,893
	Support costs	126,084	126,084	88,285	88,285
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
		413,894	413,894	209,178	209,178
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
9.	Analysis of support costs
			Analysis of
			Support costs	Total 2022	Total 2021
			£	£	£
	Premises		99,801	99,801	68,919
	General office		21,024	21,024	13,983
	Governance costs		5,259	5,259	5,383
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
			126,084	126,084	88,285
			৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
10.	Net income/(expenditure)
	Net income/(expenditure) is stated after charging/(crediting):
				2022	2021
				£	£
	Depreciation of tangible fixed assets			1,405	1,513
				৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
11.	Independent examination fees
				2022	2021
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements			3,360 ৶৶৶৶৶৶৶	3,360 ৶৶৶৶৶৶৶

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Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2022

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 2021 and
30 September 2022	2,700,000	29,047	48,665	2,777,712
	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
Depreciation
At 1 October 2021	–	26,885	7,434	34,319
Charge for the year	–	432	973	1,405
	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
At 30 September 2022	–	27,317	8,407	35,724
	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
Carrying amount
At 30 September 2022	2,700,000	1,730	40,258	2,741,988
	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
At 30 September 2021	2,700,000	2,162	41,231	2,743,393
	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
Debtors
			2022	2021
			£	£
Trade debtors			30,203	–
Tax on gift aid			22,213	2,222
Other debtors			26,223	630
			ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
			78,639	2,852
			৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
Creditors: amounts falling due within one year
			2022	2021
			£	£
Accruals and deferred income			3,360	3,360
Other creditors			193,419	178,496
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
			196,779	181,856
			৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

14. Debtors

15. Creditors: amounts falling due within one year

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

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

	2022	2021
	£	£
Other creditors	370,065 ৶৶৶৶৶৶৶৶৶	390,065 ৶৶৶৶৶৶৶৶৶

- 15 -

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2022

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 £370,065 (2021 £390,065).

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At			At
1	October 202		30 Septembe
	1	Income	Expenditure	r 2022
	£	£	£	£
Unrestricted Fund - General Fund	1,124,259	542,477	(430,399)	1,236,337
Revaluation reserve	1,081,488	–	–	1,081,488
	ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
	2,205,747	542,477	(430,399)	2,317,825
	৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
	At			At
1	October 202		30 September
	0	Income	Expenditure	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	৶৶৶৶৶৶৶৶৶৶৶৶
Analysis of net assets between funds
			Unrestricted	Total Funds
			Funds	2022
			£	£
Tangible fixed assets			2,741,988	2,741,988
Current assets			142,681	142,681
Creditors less than 1 year			(196,779)	(196,779)
Creditors greater than 1 year			(370,065)	(370,065)
			ৄৄৄৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄৄৄৄ
Net assets			2,317,825	2,317,825
			৶৶৶৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶৶৶৶
			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

18. Analysis of net assets between funds

- 16 -

Friends of Bnei Akiva (Bachad)

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2022

19. Analysis of changes in net debt

					At
	At	1	Oct 2021	Cash flows	30 Sep 2022
			£	£	£
Cash at bank and in hand			31,423 ৶৶৶৶৶৶৶৶	32,619 ৶৶৶৶৶৶৶৶	64,042 ৶৶৶৶৶৶৶৶

- 17 -