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2022-11-30-accounts

REGISTERED CHARITY NUMBER: 1127977

YESAMACH LEVAV TRUST

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS

YESAMACH LEVAV TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Statement of Financial Position 8
Statement of Cash Flows 9
Notes to the Statement of Cash Flows 10
Notes to the Financial Statements 11 to 18

YESAMACH LEVAV TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 NOVEMBER 2022

TRUSTEES

M H Bindinger N B Bindinger R Spitzer 160 Holmleigh Road London N16 5PY

PRINCIPAL ADDRESS London N16 5PY REGISTERED CHARITY 1127977 NUMBER

AUDITORS Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS

Page 1

YESAMACH LEVAV TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022

The trustees present their report with the financial statements of the charity for the year ended 30 November 2022. 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 Objectives and aims The charity's objective is to raise funds, collect donations and apply the funds and income for the benefit of charitable purposes and particularly for the purpose of the advancement of the orthodox Jewish religious faith and education; the relief of poverty, sickness and infirmity amongst members of the Jewish faith and such other purpose as are charitable according to English law.

Public benefit

The trustees of the charity confirm that they have considered the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives, and in planning future activities and setting grant making policy for the year.

Grantmaking

The trustees are approached for donations by a wide variety of charitable institutions. The trustees consider all requests which they receive and make donations based on circumstances and funds available. The trustees also select the institutions to be supported according to their knowledge of work of the institution. Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity derives its income from voluntary donations. The trustees consider the performance of the charity during the year to be satisfactory . Donations received in the year were £3,461,821 (2021 - £2,871,762). Grants made in accordance with the charity's objects were £3,457,222 (2021 - £2,662,591). The charity had a deficit for the year

FINANCIAL REVIEW

Investment policy and objectives

In accordance with its trust deed the trustees have the power, at their absolute discretion, to make any investment, that they think fit. In this regard the trustees regularly review the charity's position and needs in respect of investment policy and invest excess funds to produce income and safeguard the interest of the charity.

Reserves policy

It is the charity's policy that only funds that have cleared the bank be allowed to be used as payment for grants and donations. The trustees therefore ensure that the charity retains sufficient funds to cover immediate anticipated outgoings. They have contact at all times with potential donors who are able to assist with the charity's requirements. Reserves at the year end were £223,888( 2021 - £323,131).

FUTURE PLANS

The trustees anticipate that the charity will continue on a similar basis in the foreseeable future and there are no plans for any major changes.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was constituted and is governed by a Trust Deed dated 1st December 2008.

Recruitment and appointment of new trustees

The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Page 2

YESAMACH LEVAV TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The day-to-day affairs of the charity are administered by the staff and overseen by the trustees who are familiar with all the charitable causes that the charity supports. Regular meetings are held to review and discuss the charity's activities. All trustees give of their time freely and no remuneration or expenses were paid to any trustee during the year.

Risk management

The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees 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".

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 27 September 2023 and signed on its behalf by:

N B Bindinger - Trustee

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF YESAMACH LEVAV TRUST

Opinion

We have audited the financial statements of Yesamach Levav Trust (the 'charity') for the year ended 30 November 2022 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows 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'.

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 charity 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 charity'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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF YESAMACH LEVAV TRUST

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which 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 charity'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 charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In performing an audit, we exercise professional judgment and maintain professional scepticism throughout the audit.

We also identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.

We obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of charity's internal control.

We evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

We concluded whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the charity's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

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.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF YESAMACH LEVAV TRUST

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees 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 charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS

27 September 2023

Page 6

YESAMACH LEVAV TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Grant making
Office expenses
Governance costs
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
3,461,800
21
3,461,821
39,797
3,457,222
60,326
16,238
3,573,583
12,519
(99,243)
323,131
223,888		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-		 2022
Total
funds
£
3,461,800
21
3,461,821
39,797
3,457,222
60,326
16,238
3,573,583
12,519
(99,243)
323,131
223,888		 2021
Total
funds
£
2,871,762
1
2,871,763
16,780
2,674,531
49,995
4,278
2,745,584
-
126,179
196,952
323,131

The notes form part of these financial statements

Page 7

YESAMACH LEVAV TRUST

STATEMENT OF FINANCIAL POSITION 30 NOVEMBER 2022

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Investments
12
Prepayments and accrued income
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
14
NET ASSETS
FUNDS
17
Unrestricted funds
TOTAL FUNDS		 2022
£
973
3,651
100,000
65,296
104,682
273,629
(25,714)
247,915
248,888
(25,000)
223,888
223,888
223,888		 2021
£
1,298
9,851
100,000
52,224
231,202
393,277
(36,444)
356,833
358,131
(35,000)
323,131
323,131
323,131

The financial statements were approved by the Board of Trustees and authorised for issue on 27 September 2023 and were signed on its behalf by:

N B Bindinger - Trustee

The notes form part of these financial statements

Page 8

YESAMACH LEVAV TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 NOVEMBER 2022

2022 2021
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (131,952) 138,037
Interest paid (7,108) (5,323)
Net cash (used in)/provided by operating activities (139,060) 132,714
Cash flows from investing activities
Sale of investment property 12,519 -
Interest received 21 1
Net cash provided by investing activities 12,540 1
Change in cash and cash equivalents
in the reporting period (126,520) 132,715
Cash and cash equivalents at the
beginning of the reporting period 231,202 98,487
Cash and cash equivalents at the end
of the reporting period 104,682 231,202

The notes form part of these financial statements

Page 9

YESAMACH LEVAV TRUST

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 NOVEMBER 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Losses on investments
Interest received
Interest paid
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations		 2022
£
(99,243)
325
(12,519)
(21)
7,108
(6,872)
(20,730)
(131,952)		 2021
£
126,179
432
-
(1)
5,323
164
5,940
138,037

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.12.21 Cash flow At 30.11.22
£ £ £
Net cash
Cash at bank 231,202 (126,520) 104,682
231,202 (126,520) 104,682
Liquid resources
Deposits included in cash - - -
Current asset investments 100,000 - 100,000
100,000 - 100,000
Debt
Debts falling due within 1 year (10,000) - (10,000)
Debts falling due after 1 year (35,000) 10,000 (25,000)
(45,000) 10,000 (35,000)
Total 286,202 (116,520) 169,682

The notes form part of these financial statements

Page 10

YESAMACH LEVAV TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Critical accounting 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.

In the process of applying the entity's accounting policies no significant judgements or key sources of estimation were made by management that have the any significant effect on the amounts recognised in the financial statements .

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 not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance

Taxation

The charity is exempt from 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.

Going concern

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

Page 11

YESAMACH LEVAV TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022

2.
DONATIONS AND LEGACIES
Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Advertising costs
Fundraising costs
Depreciation
5.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
6)
£
Grant making
3,457,222
Office expenses
-
Governance costs
-
3,457,222
6.
GRANTS PAYABLE
Grant making
The total grants paid to institutions during the year was as follows:
Advancement of religion
Medical
Relief of poverty
Advancement of education		 2022
£
3,461,800
2022
£
21
2022
£
24,525
15,094
178
39,797
Support
costs (see
note 7)
£
-
60,326
16,238
76,564
2022
£
3,457,222
2022
£
901,068
1,518
285,050
250,920
1,438,556		 2021
£
2,871,762		 2021
£
2,871,762		 2021
£
2,871,762
2021
£
1
2021
£
14,743
1,800
237
16,780
Totals
£
3,457,222
60,326
16,238		 2021
£
1
2021
£
14,743
1,800
237		 2021
£
1
16,780
3,533,786
2021
£
2,662,591
2021
£
969,322
1,618
325,363
399,882
1,696,185

Page 12

YESAMACH LEVAV TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022

6. GRANTS PAYABLE - continued

Yeshivat Etz Chaim Wilrijk 134,422
Ziv Hatorah 62,227
Oneg Shabbos & Yom Tov 41,904
Jcoci Education Foundation Ltd 95,000
Yeshivat Imrei Shaul Modzitz 74,812
Lamachzikim Bo 65,290
Rockwood Foundation Ltd 50,000
Reb Schayele's Tzeduke 40,050
Ohr Salom Vchesed 34,530
Mifal Tzedokoh Vechesed-Yoel Moshe 31,840
Mosdos Yad Rema Mipovnitz 31,250
Others under £30,000 777,231
1,438,556

The total grants paid to individuals during the year was as follows:

Medical
Relief of poverty		 2022
£
38,526
1,980,140
2,018,666		 2021
£
83,188
883,218
966,406

7. SUPPORT COSTS

SUPPORT COSTS
Governance
Management
costs
£
£
Office expenses
60,326
-
Governance costs
-
16,238
60,326
16,238		 Totals
£
60,326
16,238
76,564

Support costs, included in the above, are as follows:

Management

Management
2022 2021
Office Total
expenses activities
£ £
Wages 38,746 27,399
Rent and rates payable 7,800 7,800
Postage and stationery 6,223 8,084
General office expenses 302 1,194
Depreciation of tangible and heritage
assets 147 195
Bank interest 7,108 5,323
60,326 49,995

Page 13

YESAMACH LEVAV TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022

7. SUPPORT COSTS - continued Governance costs

SUPPORT COSTS - continued
Governance costs
2022 2021
Governance Total
costs activities
£ £
Auditors' remuneration 4,740 4,500
Auditors' remuneration for non audit
work 7,680 7,440
Legal and professional fees 3,208 4,278
PAYE interest & penalty 610 -
16,238 16,218

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2022 nor for the year ended 30 November 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2022 nor for the year ended 30 November 2021.

9. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:		 2022
£
38,746
38,746		 2021
£
27,399
27,399
2022 2021
Administrative 5 6

No employees received emoluments in excess of £60,000.

Page 14

YESAMACH LEVAV TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022

10. TANGIBLE FIXED ASSETS

10.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 December 2021 and
30 November 2022
3,782
DEPRECIATION
At 1 December 2021
3,196
Charge for year
147
At 30 November 2022
3,343
NET BOOK VALUE
At 30 November 2022
439
At 30 November 2021
586
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
12.
CURRENT ASSET INVESTMENTS
Unlisted investments
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 15)
Taxation and social security
Other creditors		 Motor
vehicles
£
3,000
2,288
178
2,466
534
712
2022
£
3,651
2022
£
100,000
2022
£
10,000
3,294
12,420
25,714		 Totals
£
6,782
5,484
325
5,809
973
1,298
2021
£
9,851
2021
£
100,000
2021
£
10,000
3,044
23,400
36,444

Page 15

YESAMACH LEVAV TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022

14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 15)
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
16.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Fixed assets
973
-
Current assets
273,629
-
Current liabilities
(25,714)
-
Long term liabilities
(25,000)
-
223,888
-
17.
MOVEMENT IN FUNDS
At
1.12.21
£
Unrestricted funds
General fund
323,131
TOTAL FUNDS
323,131
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
3,461,821
(3,573,583)
TOTAL FUNDS
3,461,821
(3,573,583)		 14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 15)
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
16.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Fixed assets
973
-
Current assets
273,629
-
Current liabilities
(25,714)
-
Long term liabilities
(25,000)
-
223,888
-
17.
MOVEMENT IN FUNDS
At
1.12.21
£
Unrestricted funds
General fund
323,131
TOTAL FUNDS
323,131
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
3,461,821
(3,573,583)
TOTAL FUNDS
3,461,821
(3,573,583)
2022
£
25,000
2022
£
10,000
25,000
2022
Total
funds
£
973
273,629
(25,714)
(25,000)
223,888
Net
movement
in funds
£
(99,243)
(99,243)
Gains and
losses
£
12,519
12,519		 2021
£
35,000
2021
£
10,000
35,000
2021
Total
funds
£
1,298
393,277
(36,444)
(35,000)
323,131
At
30.11.22
£
223,888
223,888
Movement
in funds
£
(99,243)
(99,243)

Page 16

YESAMACH LEVAV TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS		 At
1.12.20
£
196,952
196,952		 Net
movement
in funds
£
126,179
126,179		 At
30.11.21
£
323,131
323,131

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
2,871,763
2,871,763		 Resources
expended
£
(2,745,584)
(2,745,584)		 Movement
in funds
£
126,179
126,179

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At
1.12.20
£
196,952
196,952		 Net
movement
in funds
£
26,936
26,936		 At
30.11.22
£
223,888
223,888

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
6,333,584
6,333,584		 Resources
expended
£
(6,319,167)
(6,319,167)		 Gains and
losses
£
12,519
12,519		 Movement
in funds
£
26,936
26,936

Page 17

YESAMACH LEVAV TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2022

18. RELATED PARTY DISCLOSURES

There were no related party transactions during the year.

Page 18