REGISTERED COMPANY NUMBER: 05219183 (England and Wales)
REGISTERED CHARITY NUMBER: 1112797
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2020
FOR
YAD VOCHESSED ASSOCIATION LIMITED
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
YAD VOCHESSED ASSOCIATION LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
|
|
Page |
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Report of the Trustees |
1 |
to |
3 |
Report of the Independent Auditors |
4 |
to |
5 |
Statement of Financial Activities |
|
6 |
|
Balance Sheet |
|
7 |
|
Cash Flow Statement |
|
8 |
|
Notes to the Cash Flow Statement |
|
9 |
|
Notes to the Financial Statements |
10 |
to |
14 |
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended30September2020.Thetrusteeshaveadoptedthe provisions
ofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Aims, Objectives and Activities for the Public Benefit
Theobjectivesofthecharityanditsprincipalactivitiesaretoadvancesuchcharitablepurposesforthepublic benefit
whether by making grants or otherwise as the trustees see fit, in particular, but not limited to the following:
Prevention or relief of poverty and financial hardship:
Thepreventionorreliefofpovertybyprovidinggrantstoindividualsinneedandtocharities,orother organisations
working to prevent or relieve poverty.
Advancement of education:
ToadvancetheeducationofthepublicingeneralinthesubjectoftheJewishreligionbymakinggrantsto institutions
promoting knowledge and education of the Jewish religion.
ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
public benefit when reviewing the charity's aims and objectives and in planning future activities.
Thetrusteesidentifyinstitutions,organisationsandindividualswhichmeetitsabovecriteriaandregularlysupport a
number of these institutions, organisations and individuals.
Grant making
Grantsaremadetocharitableinstitutionsandorganisations,andtoindividualsafterithasbeensatisfiedthat payments
will accord with the objectives of the charity.
Volunteers
There were no volunteers during the year.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The results for the year and the financial position at the year end were considered satisfactory by the trustees.
Duringtheyearthecharitycontinueditsphilanthropicactivitiesinsupportofreligious,educationalandother charitable
institutions and donations made were £1,450,662 (2019: £1,439,601).
TheTrusteesarepleasedtonotethatdespiteCovid19,theywereabletoraisemorecharitythisyearthanlastyear and
therefore distribute more charity this year than last year.
Fundraising activities
Donationswereconsideredreasonableandthetrusteesfeelthatthepresentlevelofincomeissufficienttopermit the
charity to continue for the foreseeable future.
Asummaryofthecharity'stransactionsandofitsfinancialpositionisshowninthefinancialstatementstogetherwith the
accompanying notes.
Internal and external factors
There are no specific factors to report.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources are donations from individuals and other related companies.
Page 1
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020
FINANCIAL REVIEW
Reserves policy
Thecharityaimstomaintainreservesinorderthatitisinapositiontocontinueitsgrantmakingactivitiesata consistent
levelandtocovercontingenciesofadditionalcallsbeingmadeuponthecharityforsupportoforganisations, institutions
or individuals in times of need.
Thepresentleveloffundingisadequatetosupportthecontinuationoftheprovisionofassistancebythegivingof grants
in the short term, and the trustees consider the financial position of the charity to be satisfactory.
Going concern
TheCharityisindeficitattheyearend,howevertheTrusteeshavenotedthatsubstantialdonationswerereceived right
after the year end and are therefore confident that the Charity will continue to run as a going concern.
FUTURE PLANS
Thetrusteesplantocontinuetosupportcharitiesandcharitablepurposesinaccordancewiththeirgrantmaking policy
and to ensure that the ability to generate sufficient income is maintained to achieve that end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
Thecharityisconstitutedasacompanylimitedbyguaranteeandassuch,itsgoverningdocumentsareits Memorandum
and Articles of Association.
Recruitment and appointment of new trustees
The charity may by ordinary resolution appoint a person who is willing to act to be a director.
Organisational structure
Thecompanycurrentlyhas3trustees;namesofmembersarelistedbelow.Thecharityisorganisedsothatthe trustees
meet regularly to manage the affairs of the charity.
Induction and training of new trustees
NewTrusteesmustfamiliarisethemselveswiththecontentoftheMemorandumandArticlesofAssociation,their legal
obligationsundercharityandcompanylaw,theorganisationalstructureofYadVochessedAssociationLtdandthe recent
financial performance of the charity.
Training of trustees will depend on their previous knowledge and experience.
Related parties
Details of transactions with 'Related Parties' are disclosed in Note 11 to the Financial Statements.
Risk management
Thetrusteeshaveassessedthemajorriskstowhichthecharityisexposed,inparticularthoserelatedtothe operations
and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05219183 (England and Wales)
Registered Charity number
1112797
Registered office
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
Page 2
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020
Trustees
Mr D Krautwirt
Mr J Lipschitz
Mrs F Lipschitz
Company Secretary
Mr J Lipschitz
Auditors
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Thetrustees(whoarealsothedirectorsofYadVochessedAssociationLimitedforthepurposesofcompanylaw) are
responsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewithapplicablelaw and
UnitedKingdomAccountingStandards(UnitedKingdomGenerallyAcceptedAccountingPractice)including Financial
Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgiveatrueandfair view
ofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplicationofresources,including the
incomeandexpenditure,ofthecharitablecompanyforthatperiod.Inpreparingthosefinancialstatements,the trustees
are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatany time
thefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthefinancialstatementscomply with
theCompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsofthecharitablecompanyandhence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
-
there is no relevant audit information of which the charitable company's auditors are unaware; and
-
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Melinek Fine LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on 30 July 2021 and signed on its behalf by:
Mr J Lipschitz - Trustee
Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
Opinion
WehaveauditedthefinancialstatementsofYadVochessedAssociationLimited(the'charitablecompany')forthe year
ended30September2020whichcomprisetheStatementofFinancialActivities,theBalanceSheet,theCash Flow
Statementandnotestothefinancialstatements,includingasummaryofsignificantaccountingpolicies.The financial
reportingframeworkthathasbeenappliedintheirpreparationisapplicablelawandUnitedKingdom Accounting
Standards(UnitedKingdomGenerallyAcceptedAccountingPractice),includingFinancialReportingStandard102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland'.
-
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 30 September 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicablelaw. Our
responsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditofthe financial
statementssectionofourreport.Weareindependentofthecharitablecompanyinaccordancewiththe ethical
requirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC'sEthical Standard,
andwehavefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethatthe audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
WehavenothingtoreportinrespectofthefollowingmattersinrelationtowhichtheISAs(UK)requireustoreport to
you where:
-
the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
-
the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Other information
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincludedin the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,in doing
so,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorour knowledge
obtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuchmaterialinconsistencies or
apparentmaterialmisstatements,wearerequiredtodeterminewhetherthereisamaterialmisstatementinthe financial
statementsoramaterialmisstatementoftheotherinformation.If,basedontheworkwehaveperformed,we conclude
thatthereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehavenothing to
report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
Matters on which we are required to report by exception
Inthelightoftheknowledgeandunderstandingofthecharitablecompanyanditsenvironmentobtainedinthecourse of
the audit, we have not identified material misstatements in the Report of the Trustees.
WehavenothingtoreportinrespectofthefollowingmatterswheretheCompaniesAct2006requiresustoreportto you
if, in our opinion:
-
adequate accounting records have not been kept or returns adequate for our audit have not been received 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 information and explanations we require for our audit; or
-
the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealsothedirectorsof the
charitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparationofthefinancialstatements and
forbeingsatisfiedthattheygiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermineis necessary
toenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraud or
error.
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitablecompany'sability to
continueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoing concern
basisofaccountingunlessthetrusteeseitherintendtoliquidatethecharitablecompanyortoceaseoperations,or have
no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthat includes
ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in
accordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefrom fraud
orerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedto influence
the economic decisions of users taken on the basis of these financial statements.
AfurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedontheFinancial Reporting
Council'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReportofthe Independent
Auditors.
Use of our report
Thisreportismadesolelytothecharitablecompany'smembers,asabody,inaccordancewithChapter3ofPart16 of
theCompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstatetothecharitable company's
membersthosematterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.Tothe fullest
extentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecharitablecompanyand the
charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Mr Danny Fine (Senior Statutory Auditor)
for and on behalf of Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
30 July 2021
Page 5
YAD VOCHESSED ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2020
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
EXPENDITURE ON
Charitable activities
3
Charitable activities
Education
Relief of Poverty
Community Development
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
2020
Unrestricted
funds
£
1,508,166
12,495
835,187
312,305
276,580
26,590
1,463,157
45,009
6,506
51,515 |
2019
Total
funds
£
1,445,038
10,845
802,645
382,999
220,247
33,710
1,450,446
(5,408)
11,914
6,506 |
|
|
|
The notes form part of these financial statements
Page 6
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
BALANCE SHEET 30 SEPTEMBER 2020
2020
Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
8
67,577
Cash at bank
50,000
117,577
CREDITORS
Amounts falling due within one year
9
(16,062)
NET CURRENT ASSETS
101,515
TOTAL ASSETS LESS CURRENT LIABILITIES
101,515
CREDITORS
Amounts falling due after more than one year
10
(50,000)
NET ASSETS
51,515
FUNDS
12
Unrestricted funds
51,515
TOTAL FUNDS
51,515 |
2019
Total
funds
£
-
16,875
16,875
(10,369)
6,506
6,506
-
6,506
6,506
6,506 |
|
|
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon30July2021and were
signed on its behalf by:
Mr J Lipschitz - Trustee
The notes form part of these financial statements
Page 7
YAD VOCHESSED ASSOCIATION LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020
|
|
2020 |
2019 |
|
Notes |
£ |
£ |
Cash flows from operating activities |
|
|
|
Cash generated from operations |
1 |
31,032 |
1,961 |
Net cash provided by operating activities |
|
31,032 |
1,961 |
|
|
|
|
Change in cash and cash equivalents in |
|
|
|
the reporting period |
|
31,032 |
1,961 |
Cash and cash equivalents at the |
|
|
|
beginning of the reporting period |
2 |
16,875 |
14,914 |
Cash and cash equivalents at the end of |
|
|
|
the reporting period |
2 |
47,907 |
16,875 |
The notes form part of these financial statements
Page 8
YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
|
ACTIVITIES |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Net income/(expenditure) for the reporting period (as per the |
|
|
|
|
Statement of Financial Activities) |
|
45,009 |
(5,408) |
|
Adjustments for: |
|
|
|
|
Increase in debtors |
|
(67,577) |
- |
|
Increase in creditors |
|
53,600 |
7,369 |
|
Net cash provided by operations |
|
31,032 |
1,961 |
2. |
ANALYSIS OF CASH AND CASH EQUIVALENTS |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Notice deposits (less than 3 months) |
|
50,000 |
16,875 |
|
Overdrafts included in bank loans and overdrafts falling due within one |
year |
(2,093) |
- |
|
Total cash and cash equivalents |
|
47,907 |
16,875 |
3. |
ANALYSIS OF CHANGES IN NET FUNDS/(DEBT) |
|
|
|
|
At |
1.10.19 |
Cash flow |
At 30.9.20 |
|
|
£ |
£ |
£ |
|
Net cash |
|
|
|
|
Cash at bank |
16,875 |
33,125 |
50,000 |
|
Bank overdraft |
- |
(2,093) |
(2,093) |
|
|
16,875 |
31,032 |
47,907 |
|
Debt |
|
|
|
|
Debts falling due after 1 year |
- |
(50,000) |
(50,000) |
|
|
- |
(50,000) |
(50,000) |
|
Total |
16,875 |
(18,968) |
(2,093) |
The notes form part of these financial statements
Page 9
YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
Donations
CHARITABLE ACTIVITIES COSTS
Charitable activities
Education
Relief of Poverty
Community Development
Other |
Grant
funding of
activities
(see note
4)
£
-
835,187
312,305
276,580
26,590
1,450,662 |
2020
£
1,508,166
Support
costs (see
note 5)
£
12,495
-
-
-
-
12,495 |
|
2019
£
1,445,038 |
|
|
|
|
Totals
£
12,495
835,187
312,305
276,580
26,590 |
|
|
|
|
1,463,157 |
3. CHARITABLE ACTIVITIES COSTS
continued...
Page 10
YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020
4. GRANTS PAYABLE
Education
Relief of Poverty
Community Development
Other |
2020
£
835,187
312,305
276,580
26,590
1,450,662 |
2019
£
802,645
382,999
220,247
33,710 |
|
|
1,439,601 |
Thetotalgrantspaidtoinstitutionsduringtheyearwas£1,233,771(2019:£1,111,521).Asummaryof grants
made to institutions during the year is as follows:
Name of Institution |
Amount (£) |
Machzikei Lomdei Torah Jerusalem |
24,870 |
Kupas Hakohol |
25,415 |
Beis Brocho Ezer Leyoledes |
28,020 |
Talmud Torah Bene Aharon Jerusalem |
28,070 |
Reshet Hakolelim |
29,813 |
Kollel Boker Belz |
30,000 |
Kollel in Yeshiva Bene Brak |
32,060 |
Yeshivas Mesifta |
32,455 |
Kollel Erev Maharshal |
36,237 |
Beitar Mikva Building Project |
40,000 |
Talmud Torah Heichal Aharon Bene Brak |
40,000 |
Beis Vaad Jerusalem |
42,502 |
Mesifta |
43,203 |
Kollel |
43,320 |
Yeshiva Ketana Rav Asi |
45,000 |
Yeshiva Gedolah Bnei Brak |
55,970 |
Chaburas Habachurim Israel |
60,820 |
Beth shemesh Building fund |
68,882 |
Heichalei Hakodesh |
71,653 |
Other |
455,481 |
Total grants to institutions |
1,233,771 |
5. SUPPORT COSTS
SUPPORT COSTS |
|
|
|
|
|
|
|
Governance |
|
|
Finance |
Other |
costs |
Totals |
|
£ |
£ |
£ |
£ |
Charitable activities |
378 |
4,348 |
7,769 |
12,495 |
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
The auditing of accounts of any associate of the charity
2020 |
2019 |
£ |
£ |
4,200 |
4,200 |
continued...
Page 11
YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30September2020norforthe year
ended 30 September 2019.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended30September2020norfortheyear ended
30 September 2019.
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 11)
Trade creditors
Accruals and deferred income
10.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 11)
11.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal |
2020
£
45,000
22,577
67,577
2020
£
2,093
7,069
6,900
16,062
2020
£
50,000
2020
£
2,093
8,333
16,667
25,000 |
2019
£
-
- |
|
|
- |
|
|
2019
£
-
3,169
7,200 |
|
|
10,369 |
|
|
2019
£
- |
|
|
2019
£
- |
|
|
- |
|
|
- |
|
|
- |
continued...
Page 12
YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020
12. MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are a
Unrestricted funds
General fund
TOTAL FUNDS |
At
1.10.19
£
6,506
6,506
Incoming
resources
£
1,508,166
1,508,166
At
1.10.18
£
11,914
11,914
s follows:
Incoming
resources
£
1,445,038
1,445,038 |
Net
movement
in funds
£
45,009
45,009
Resources
expended
£
(1,463,157)
(1,463,157)
Net
movement
in funds
£
(5,408)
(5,408)
Resources
expended
£
(1,450,446)
(1,450,446) |
|
At
30.9.20
£
51,515
51,515
Movement
in funds
£
45,009
45,009
At
30.9.19
£
6,506
6,506
Movement
in funds
£
(5,408)
(5,408) |
|
|
|
|
|
|
|
|
|
|
continued...
Page 13
YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020
13. RELATED PARTY DISCLOSURES
Donations without conditions were received from related parties as follows:
From companies in which a trustee is also a director
£407,000
Page 14