OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-10-01-accounts

REGISTERED COMPANY NUMBER: 05219183 (England and Wales) REGISTERED CHARITY NUMBER: 1112797

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 2025

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 9 to 12

YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 2025. 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 charity’s objects are to advance charitable purposes for the public benefit, whether by making grants or otherwise, as the trustees consider appropriate. In particular, the charity focuses on the following areas:

Prevention or Relief of Poverty:

The charity aims to alleviate poverty and financial hardship by providing grants to individuals in need and to charitable organisations working to prevent or relieve poverty.

Advancement of Education:

The charity supports the advancement of education, especially in relation to the Jewish religion, by making grants to institutions engaged in the promotion of Jewish knowledge and learning.

The charity regularly supports a range of institutions, organisations, and individuals whose work aligns with its charitable purposes. All beneficiaries are identified through careful consideration by the trustees to ensure alignment with the charity’s aims.

Public benefit

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.

Grantmaking

Grants are made to charitable institutions, organisations, and individuals following appropriate due diligence by the trustees. The trustees ensure that all grants are consistent with the charity’s objectives and that funds are used solely for charitable purposes.

Volunteers

The charity had no volunteers during the year. The trustees freely contribute their time and expertise to support the charity’s work and do not receive any remuneration.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year, the charity distributed charitable grants totalling £975,883 (2024: £2,840,621).

Of this amount, £923,078 (2024: £2,504,995) was granted to charitable institutions, including schools, community organisations and poverty relief initiatives. A further £52,805 (2024: £335,626) was granted directly to individuals experiencing financial hardship.

All grants underwent appropriate due diligence by the trustees to ensure that the funds were used solely for charitable purposes and in full alignment with the charity’s objectives.

Internal and external factors

In 2025 the charity became subject to an inquiry by the Charity Commission regarding certain aspects of its governance and financial operations. The trustees are fully cooperating with the Commission and have taken proactive steps to ensure all necessary information and documentation has been provided.

As an interim regulatory measure, the Commission directed the charity to temporarily suspend the issuing of cheques. However, the charity has been permitted to continue operating and fulfilling its charitable objectives through other means, including electronic bank transfers.

The trustees remain committed to maintaining high standards of transparency, accountability and regulatory compliance.

Page 1

YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025

FINANCIAL REVIEW

Reserves policy

The charity aims to maintain sufficient reserves to allow it to continue its grantmaking activities at a consistent level and to ensure it can respond to urgent or unforeseen requests for support from individuals or institutions in need.

As at 30 September 2025, the charity held £847 in cash and had no restricted funds. The charity’s activities continue to be supported by donor funding, including donations received after the year end.

Funds in deficit

At the year end, the charity’s unrestricted funds were in deficit. However, the trustees received further donations after the balance sheet date and are satisfied that the charity has adequate resources to continue operating. Accordingly, the financial statements have been prepared on a going concern basis.

FUTURE PLANS

The trustees intend to continue supporting charitable institutions and individuals in line with the charity’s grantmaking policy and will seek to maintain sufficient levels of income to enable this work to continue effectively.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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 charity is governed by a board of three trustees, whose names are listed below. While the trustees hold formal meetings on a quarterly basis to review the charity’s activities, financial position, and compliance with record-keeping requirements, they also maintain close and regular informal contact throughout the year to manage the charity’s affairs and respond to operational matters as they arise.

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.

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, particularly those related to its financial operations, governance, and compliance. These include the risk of misapplication of funds, regulatory non-compliance, and reputational risk. The trustees are satisfied that appropriate systems and internal controls are in place to mitigate these risks, including regular review of financial records, implementation of updated financial controls and conflict of interest policies, and ongoing trustee oversight of all grant-making activities.

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

Page 2

YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025

REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary Mr J Lipschitz

Independent Examiner

Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

Approved by order of the board of trustees on 30 July 2026 and signed on its behalf by:

Mr J Lipschitz - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)

Independent examiner's report to the trustees of Yad Vochessed Association Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts 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

  3. the accounts 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.

Danny Fine, FCA

Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

30 July 2026

Page 4

YAD VOCHESSED ASSOCIATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
EXPENDITURE ON
Charitable activities
3
Charitable activities
Education
Relief of Poverty
Community Development
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2025
Unrestricted
funds
£
998,477
20,628
753,463
143,938
78,482
996,511
1,966
(15,047)
**(13,081) **		 2024
Total
funds
£
2,768,705
10,498
1,832,405
550,040
458,176
2,851,119
(82,414)
67,367
(15,047)

The notes form part of these financial statements

Page 5

YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183)

BALANCE SHEET 30 SEPTEMBER 2025

2025
Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
8
15,389
Cash at bank
847
16,236
CREDITORS
Amounts falling due within one year
9
(29,317)
NET CURRENT ASSETS/(LIABILITIES)
(13,081)
TOTAL ASSETS LESS CURRENT LIABILITIES
(13,081)
CREDITORS
Amounts falling due after more than one year
10
-
NET ASSETS/(LIABILITIES)
(13,081)
FUNDS
12
Unrestricted funds
(13,081)
TOTAL FUNDS
**(13,081) **		 2024
Total
funds
£
15,389
5,759
21,148
(27,862)
(6,714)
(6,714)
(8,333)
(15,047)
(15,047)
(15,047)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 30 July 2026 and were signed on its behalf by:

Mr J Lipschitz - Trustee

The notes form part of these financial statements

Page 6

YAD VOCHESSED ASSOCIATION LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
5,088
5,088
(10,000)
(10,000)
(4,912)
5,759
847		 2024
£
(84,212)
(84,212)
(10,000)
(10,000)
(94,212)
99,971
5,759

The notes form part of these financial statements

Page 7

YAD VOCHESSED ASSOCIATION LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW
ACTIVITIES
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Increase in debtors
Increase in creditors
Net cash provided by/(used in) operations
2.
ANALYSIS OF CHANGES IN NET DEBT
At 1.10.24
£
Net cash
Cash at bank
5,759
5,759
Debt
Debts falling due within 1 year
(10,000)
Debts falling due after 1 year
(8,333)
(18,333)
Total
(12,574)		 FROM OPERATING
2025
2024
£
£
1,966
(82,414)
-
(9,690)
3,122
7,892
5,088
(84,212)
Cash flow
At 30.9.25
£
£
(4,912)
847
(4,912)
847
1,666
(8,334)
8,333
-
9,999
(8,334)
5,087
**(7,487) **

The notes form part of these financial statements

Page 8

YAD VOCHESSED ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

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		 Grant
funding of
activities
(see note
4)
£
-
753,463
143,938
78,482
975,883		 2025
£
998,477
Support
costs (see
note 5)
£
20,628
-
-
-
20,628		 2024
£
2,768,705
Totals
£
20,628
753,463
143,938
78,482
996,511

3. CHARITABLE ACTIVITIES COSTS

continued...

Page 9

YAD VOCHESSED ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

4. GRANTS PAYABLE

GRANTS PAYABLE
Education
Relief of Poverty
Community Development		 2025
£
753,463
143,938
78,482
975,883		 2024
£
1,832,405
550,040
458,176
2,840,621

The total grants paid to institutions during the year was £923,078 (2024: £2,504,995). A summary of grants made to institutions during the year is as follows:

Name of Institution
Beis Aharon Charitable Trust Limited
Kupas Toras Chesed Ltd
Heichalei Hakodesh Centre Machnovke Belz
TTBA Belz
Maamodos
Yeshiva Horomo Talmudical college
Mikva Beitar
Talmud Torah Kedushas Aharon BS
Kolel Belz Machnovkeh Limited
Yeshiva Ketane Rav Asi
Machzikei Lomdei Torah
Kupas Hakohol Belz Machnovke
Mesifta Talmudical College
Reshet Hakollelim
Mosdos Beitar
Hogei Torah
Other
Total grants to institutions
5.
SUPPORT COSTS
Charitable activities
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
The auditing of accounts of any associate of the charity		 Amount (£)
210,185
39,246
38,700
19,453
16,055
14,400
14,100
13,500
13,413
13,106
12,500
12,400
12,342
11,145
11,013
10,970
460,550
923,078
Governance
Finance
costs
£
£
548
20,080
2025
£
-		 Totals
£
20,628
2024
£
5,000

continued...

Page 10

YAD VOCHESSED ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.

8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 11)
Trade creditors
Other 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 loans
Amounts falling between one and two years:
Bank loans - 1-2 years
12.
MOVEMENT IN FUNDS
At
1.10.24
£
Unrestricted funds
General fund
(15,047)
TOTAL FUNDS
**(15,047) **		 2025
£
15,389
2025
£
8,334
13,832
1,212
5,939
29,317
2025
£
-
2025
£
8,334
-
Net
movement
in funds
£
1,966
1,966		 2024
£
15,389
2024
£
10,000
7,132
1,730
9,000
27,862
2024
£
8,333
2024
£
10,000
8,333
At
30.9.25
£
(13,081)
**(13,081) **

continued...

Page 11

YAD VOCHESSED ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
998,477
998,477		 Resources
expended
£
(996,511)
**(996,511) **		 Movement
in funds
£
1,966
1,966

Comparatives for movement in funds

At
1.10.23
£
Unrestricted funds
General fund
67,367
TOTAL FUNDS
67,367
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
2,768,705
TOTAL FUNDS
2,768,705		 Net
movement
in funds
£
(82,414)
(82,414)
Resources
expended
£
(2,851,119)
(2,851,119)		 At
30.9.24
£
(15,047)
(15,047)
Movement
in funds
£
(82,414)
(82,414)

13. RELATED PARTY DISCLOSURES

During the year, the charity received donations totalling £143,300 (2024: £169,575) from charities in which a trustee of the charity also serves as a trustee.

At 30 September 2025, £1,780 (2024: £1,780) was due from charities in which a trustee of the charity also serves as a trustee.

During the year, the charity made donations totalling £251,836 (2024: £352,110) to charities in which a trustee of the charity also serves as a trustee .

Page 12