Ovos Ubonim / Yagdil Torah
Notes To The Accounts - 31 December 2020
1) Principal Accounting Policies
Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for S Entities 102.
Cash Flow
The accounts do not include a cash flow statement because the charity as a small rep entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations received for the general and main purposes of the Charity are included as in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted fun and conditions of the donor are legally binding on the Trustees.
Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is a cost categories based on estimated amount attributable to that activity in the year. T are based on the time and level of activity as appropriate.
Management and administration costs are those incurred in connection with administ charity and compliance with constitutional and statutory requirements. The irrecoverable element of VAT is included with the item of expense to which it rela
| 2) Incoming Resources Donations Unrestricted Donations Grants Champions for Children London Community Foundation The Childhood Campaign The National Lottery Grants Main Total of Donations Received 3) Investment Income Interest Received |
2020 £ 197,458 7,500 10,000 7,500 10,000 35,000 ### £ 0 |
2020 £ 197,458 7,500 10,000 7,500 10,000 35,000 ### £ 0 |
2019 £ 132,872 0 0 0 0 0 £ 132,872 |
|---|---|---|---|
£ 0 |
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Ovos Ubonim / Yagdil Torah
Notes To The Accounts - 31 December 2020
| 4) Analysis of Total Resources Expended Cost of Activities In Furtherance of the Charity's Objects Advertisement Books Donations Gifts Grants Furniure IG Maintenance Ofce Costs Payroll Printing Refreshments Sound System Student Grants Telephone Transport Total Cost of Furthering Objects Governance Costs Cost of Generating Funds Charitable Functions Total For The Charity 5) Governance Costs Accountancy Bank Charges 6) Debtors Other Debtors |
2020 £ 0 2,531 8,162 1,216 42,500 2,685 14,655 80 6,890 42,622 2,862 35,013 1,280 0 7,395 11,001 178,892 300 179,192 27,481 £ 206,673 2020 £ 300 0 £ 300 2020 0 £0 |
£ | 2019 £ 390 0 0 0 0 0 0 0 2,861 24,700 815 1,009 0 44,562 6,168 3,373 83,878 36 83,914 26,853 110,767 |
|---|---|---|---|
2019 £ 0 36 £ 36 2019 37,310 £37,310 |
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Ovos Ubonim / Yagdil Torah
Notes To The Accounts - 31 December 2020
7) Creditors: Amounts falling due within one year
| Accruals Bank Overdraft Bank Loans Debt due within one year Other Creditors |
2020 £ 300 3,739 12,679 12,679 0 £ 29,397 |
|---|---|
8) Net Assets of The Charity's Funds
| /(Liabilities) £ Unrestricted Funds 0 (29,397) Total Funds £ 0 £ (29,397) Fixed Assets Net Current Assets |
£ (29,397) £ (29,397) Fund Balances |
|---|---|
9) Unrestricted Funds : Movements In The Year
| Balance at | |||
|---|---|---|---|
| 31 December 2019 | **Income ** | Expended | |
| £ | £ | £ | |
| General Reserve | 39,350 | 197,458 | 266,205 |
| Total Funds | £ 39,350 | ### | £ 266,205 |
10) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or clai during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
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Balance at 31 December 2020 £ (29,397) £ (29,397)
imed any expense,
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