REGISTERED COMPANY NUMBER: 05219183 (England and Wales) REGISTERED CHARITY NUMBER: 1112797
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
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 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Report of the Independent Auditors | 4 to 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Cash Flow Statement | 9 |
| Notes to the Cash Flow Statement | 10 |
| Notes to the Financial Statements | 11 to 15 |
| Detailed Statement of Financial Activities | 16 |
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Aims, Objectives and Activities for the Public Benefit
The objectives of the charity and its principal activities are to advance such charitable purposes for the public 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:
The prevention or relief of poverty by providing grants to individuals in need and to charities, or other organisations working to prevent or relieve poverty.
Advancement of education:
To advance the education of the public in general in the subject of the Jewish religion by making grants to institutions promoting knowledge and education of the Jewish religion.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
The trustees identify institutions, organisations and individuals which meet its above criteria and regularly support a number of these institutions, organisations and individuals.
Grant making
Grants are made to charitable institutions and organisations and to individuals after it has been satisfied that 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.
During the year the charity continued its philanthropic activities in support of religious, educational and other charitable institutions and donations made were £1,167,786 (2020: 1,450,662).
Fundraising activities
Donations were considered reasonable and the trustees feel that the present level of income is sufficient to permit the charity to continue for the foreseeable future.
A summary of the charity's transactions and of its financial position is shown in the financial statements together with the accompanying notes.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources are donations from individuals and related companies.
Reserves policy
The charity aims to maintain reserves in order that it is in a position to continue its grant making activities at a consistent level and to cover contingencies of additional calls being made upon the charity for support of organisations, institutions or individuals in times of need.
The present level of funding is adequate to support the continuation of the provision of assistance by the giving of grants in the short term, and the trustees consider the financial position of the charity to be satisfactory.
FUTURE PLANS
The trustees plan to continue to support charities and charitable purposes in accordance with their grant making policy and to ensure that the ability to generate sufficient income is maintained to achieve that end.
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YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The charity is constituted as a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association.
Organisational structure
The company currently has 3 trustees; names of members are listed below. The charity is organised so that the trustees meet regularly to manage the affairs of the charity.
Induction and training of new trustees
New Trustees must familiarise themselves with the content of the Memorandum and Articles of Association, their legal obligations under charity and company law, the organisational structure of Yad Vochessed Association Ltd and the 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 13 to the Financial Statements.
Risk management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the 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
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
The trustees (who are also the directors of Yad Vochessed Association Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
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YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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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 29 July 2022 and signed on its behalf by:
Mr J Lipschitz - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
Opinion
We have audited the financial statements of Yad Vochessed Association Limited (the 'charitable company') for the year ended 30 September 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 30 September 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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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
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing 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:
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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
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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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
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
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We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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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
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We designed procedures in line with our responsibilities outlined above, to detect material misstatements in respect of irregularities, including fraud.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the Charity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of trustees minutes; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and 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 Date: 29 July 2022
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YAD VOCHESSED ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 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 |
2021 Unrestricted funds £ 1,155,319 8,108 619,487 316,892 220,379 11,028 1,175,894 (20,575) 51,515 30,940 |
2020 Total funds £ 1,508,166 12,495 835,187 312,305 276,580 26,590 1,463,157 45,009 6,506 51,515 |
|---|---|---|
The notes form part of these financial statements
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YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)
BALANCE SHEET 30 SEPTEMBER 2021
| 2021 Unrestricted funds Notes £ CURRENT ASSETS Debtors 8 - Cash at bank 87,103 87,103 CREDITORS Amounts falling due within one year 9 (17,830) NET CURRENT ASSETS 69,273 TOTAL ASSETS LESS CURRENT LIABILITIES 69,273 CREDITORS Amounts falling due after more than one year 10 (38,333) NET ASSETS 30,940 FUNDS 12 Unrestricted funds 30,940 TOTAL FUNDS 30,940 |
2020 Total funds £ 67,577 50,000 117,577 (16,062) 101,515 101,515 (50,000) 51,515 51,515 51,515 |
|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 29 July 2022 and were signed on its behalf by:
Mr J Lipschitz - Trustee
The notes form part of these financial statements
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YAD VOCHESSED ASSOCIATION LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from financing activities New loans in year Loan repayments in year Net cash (used in)/provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
2021 £ 40,863 40,863 - (1,667) (1,667) 39,196 47,907 87,103 |
2020 £ (18,968) (18,968) 50,000 - 50,000 31,032 16,875 47,907 |
|---|---|---|
The notes form part of these financial statements
Page 9
YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 1. | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH | FLOW | FROM OPERATING | FROM OPERATING |
|---|---|---|---|---|---|
| ACTIVITIES | |||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Net (expenditure)/income for the reporting period (as per the | |||||
| Statement of Financial Activities) | (20,575) | 45,009 | |||
| Adjustments for: | |||||
| Decrease/(increase) in debtors | 67,577 | (67,577) | |||
| (Decrease)/increase in creditors | (6,139) | 3,600 | |||
| Net cash provided by/(used in) operations | 40,863 | (18,968) | |||
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Notice deposits (less than 3 months) | 87,103 | 50,000 | |||
| Overdrafts included in bank loans and overdrafts falling due within one year | - | (2,093) | |||
| Total cash and cash equivalents | 87,103 | 47,907 | |||
| 3. | ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS | ||||
| At 1.10.20 | Cash flow | At 30.9.21 | |||
| £ | £ | £ | |||
| Net cash | |||||
| Cash at bank | 50,000 | 37,103 | 87,103 | ||
| Bank overdraft | (2,093) | 2,093 | - | ||
| 47,907 | 39,196 | 87,103 | |||
| Debt | |||||
| Debts falling due within 1 year | - | (10,000) | (10,000) | ||
| Debts falling due after 1 year | (50,000) | 11,667 | **(38,333) ** | ||
| (50,000) | **1,667 ** | **(48,333) ** | |||
| Total | (2,093) | 40,863 | 38,770 |
The notes form part of these financial statements
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YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a 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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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) £ - 619,487 316,892 220,379 11,028 1,167,786 |
2021 £ 1,155,319 Support costs (see note 5) £ 8,108 - - - - 8,108 |
2020 £ 1,508,166 Totals £ 8,108 619,487 316,892 220,379 11,028 1,175,894 |
|
|---|---|---|---|---|
3. CHARITABLE ACTIVITIES COSTS
continued...
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YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
4. GRANTS PAYABLE
| Education Relief of Poverty Community Development Other |
2021 £ 619,487 316,892 220,379 11,028 1,167,786 |
2020 £ 835,187 312,305 276,580 26,590 1,450,662 |
|---|---|---|
The total grants paid to institutions during the year was £1,029,534 (2020: £1,233,771). A summary of grants made to institutions during the year is as follows:
| Name of Institution | Amount (£) |
|---|---|
| Heichalei Hakodesh | 66,448 |
| Kupas Hakohol | 53,000 |
| Mesifta | 52,317 |
| Talmud Torah Heichal Aharon Bene Brak | 45,000 |
| Yeshiva Ketana Rav Asi | 35,892 |
| Beth shemesh Building fund | 20,000 |
| Reshet Hakolelim | 28,065 |
| Kollel | 26,429 |
| Chaburas Habachurim Israel | 22,000 |
| Talmud Torah Bene Aharon Jerusalem | 20,288 |
| Beis Brocho Ezer Leyoledes | 20,150 |
| Beitar Mikva Building Project | 19,490 |
| Yeshiva Gedolah Bnei Brak | 19,250 |
| Beis Vaad Jerusalem | 16,930 |
| Kollel Boker Belz | 14,651 |
| Kollel in Yeshiva Bene Brak | 12,127 |
| Kollel Erev Maharshal | 11,490 |
| Other | 546,007 |
| Total grants to institutions | 1,029,534 |
continued...
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YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 5. SUPPORT COSTS Finance £ Charitable activities 522 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): The auditing of accounts of any associate of the charity |
Governance Other costs Totals £ £ £ 517 7,069 8,108 2021 2020 £ £ 4,200 4,200 |
|---|---|
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.
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 |
2021 £ - - - 2021 £ 10,000 930 6,900 17,830 |
2020 £ 45,000 22,577 |
|---|---|---|
| 67,577 | ||
| 2020 £ 2,093 7,069 6,900 |
||
| 16,062 |
continued...
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YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 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 Bank loans 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 12. MOVEMENT IN FUNDS At 1.10.20 £ Unrestricted funds General fund 51,515 TOTAL FUNDS 51,515 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,155,319 TOTAL FUNDS 1,155,319 |
2021 £ 38,333 2021 £ - 10,000 10,000 10,000 28,333 - Net movement in funds £ (20,575) (20,575) Resources expended £ (1,175,894) **(1,175,894) ** |
2020 £ 50,000 2020 £ 2,093 - 2,093 8,333 16,667 25,000 At 30.9.21 £ 30,940 30,940 Movement in funds £ (20,575) **(20,575) ** |
|---|---|---|
continued...
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YAD VOCHESSED ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.10.19 £ Unrestricted funds General fund 6,506 TOTAL FUNDS 6,506 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,508,166 TOTAL FUNDS 1,508,166 |
Net movement in funds £ 45,009 45,009 Resources expended £ (1,463,157) (1,463,157) |
At 30.9.20 £ 51,515 51,515 Movement in funds £ 45,009 45,009 |
|---|---|---|
13. RELATED PARTY DISCLOSURES
The total donations without conditions received from related parties, in which a trustee of the company is also a director, was £283,500 (2020: £407,000).
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YAD VOCHESSED ASSOCIATION LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Grants to institutions Grants to individuals Support costs Finance Bank charges Bank loan interest Other Postage and stationery Governance costs Auditors' remuneration for non audit work Accountancy and legal fees Total resources expended Net (expenditure)/income |
2021 £ 1,155,319 1,155,319 1,029,535 138,251 1,167,786 315 207 522 517 4,200 2,869 7,069 1,175,894 **(20,575) ** |
2020 £ 1,508,166 1,508,166 1,233,771 216,891 1,450,662 378 - 378 4,348 4,200 3,569 7,769 1,463,157 45,009 |
|---|---|---|
This page does not form part of the statutory financial statements
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