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2022-09-30-accounts

COMPANY REGISTRATION NUMBER : 07316468

BBYO COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS FOR 30 SEPTEMBER 2022

Charity Number : 1141616

Edmund Carr LLP Chartered Accountants 146 New London Road Chelmsford Essex CM2 OAW

BBYO COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2022

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CONTENTS PAGE
Company information 1
Trustees' annual report 2
Independent examiner's report to the Trustees 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10
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BBYO COMPANY LIMITED BY GUARANTEE

COMPANY INFORMATION

YEAR ENDED 30 SEPTEMBER 2022

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Charity Number 1141616
Company Number 07316468
Registered Office 14 The Broadway
Stanmore
HA7 4DW
Trustees
Jonathan, Lord Morris of Kenwood Chairman
Brian Royston
Matthew Herman
Charles Robinson
Kira Laurelle Blumer
Beverley Lewis appointed 7 March 2022
Robert Epstein appointed 1 April 2022
Daniel Rickman resigned 15 March 2022
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1

BBYO COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT

YEAR ENDED 30 SEPTEMBER 2022

The trustees have pleasure in presenting their report and the unaudited financial statements for the charity for the year ended 30 September 2022.

The Trustees of the charity as shown on page 1 are also the directors of the company.

During this financial year, Dan Rickman stepped down as a Trustee having acknowledged that he did not have the time capacity to provide the level of commitment and involvement he desired. We strengthened the remaining board with the addition of two senior professionals, both with extensive experience in Jewish and commercial arenas.

Bev Lewis is a BBYO alumna, and the parent of a current BBYO member. They live in Manchester and together have been responsible for launching, nurturing and developing our Chapter there. A Lawyer by profession, Bev brings extensive experience in the legal and governance fields, and now is involved in training others in the role and responsibilities of being a Trustee.

Robert Epstein is also a BBYO UK alumnus and a past Chapter and National President. He has been a senior Marketing and Communications professional at Microsoft for many years, and brings skills and expertise that are hugely valuable in helping guide our marketing and branding activities.

Natasha Shaw resigned her position as Executive Director in December 2021 and was succeeded in the role by Ricky Kaplan, a significantly more experienced professional in the Jewish youth provision field.

Objectives and Activities

The company's objects as set out in its governing document are:

a) The advancement of Jewish Education, leadership training and understanding of Judaism amongst Jewish teenagers and young people in accordance with the tenets of the Jewish faith in such manner as the Directors in their discretion shall determine and

b) The advancement of such other objects as are for the benefit of the public and are charitable according to English Law.

In accordance with Section 17(5) of the Charities Act and the Charities (Accounts and Reports) Regulations 2008, the directors have regard to the guidance on public benefit issued by the Charity Commission. In particular, BBYO has taken over from BBYO Charitable Trust the YOFI Scholarship Fund, a restricted fund, formed through the merger of Richard Crown Scholarship Fund into YOFI (the name of the fund-raising campaign undertaken by the BBYO Chapters and National primarily its Israel programmes, its UK summer camp and its events. Applicants for bursaries for Israel programmes are also expected to apply for financial assistance to UJIA.

Bursaries are determined by the Scholarship Committee, taking into account the educational content of the programme and family circumstances of the participant. In addition, BBYO has agreed exceptionally to interest-free deferred payment plans with several participants, enabling them to make payment for programmes over an extended period.

from both general funds and the YOFI Scholarship Fund. Chapters may also apply to YOFI Scholarship Fund to fund specific projects and activities. Fund raising proceeds and donations may be specifically ear-marked for YOFI Scholarship Fund.

2

BBYO COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 30 SEPTEMBER 2022

National Activities

BBYO offers a range of centrally organised activities to its youth members including:

With the COVID restrictions lifted, we were once again able to run these programmes in-person rather than online.

Local Activities

BBYO has Chapters (youth groups) in NW London and surrounding areas, as well as two burgeoning new Chapters in Manchester and Glasgow. We also attract participants from around the UK and Ireland to our national activities. We continue to explore the feasibility of groups in other areas, while building and developing the existing and newer ones. Chapters are led by youth executives, elected by the youth membership. Chapters meet weekly or fortnightly and offer a varied programme of educational, cultural, social welfare and social activities.

3

BBYO COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 30 SEPTEMBER 2022

Safeguarding

Natasha Shaw was our Designated Safeguarding Lead during the year under review, followed by Ricky Kaplan who joined in April 2022, with Kira Blumer the Trustee with responsibilities for offer the highest level of protection to our members. Training is provided to professional staff, Bogrim and the directors, disclosure barring checks are enforced, and regular updates are included as Board meetings.

Achievements and Performance

The company took over the assets, liabilities and activities of the unincorporated association BBYO with effect from 1 July 2011. Subsequently, the company also took over the assets and liabilities of BBYO Charitable Trust, and, in accordance with a Transfer Agreement dated 11 October 2011, BBYO Charitable Trust transferred its rights, title and interest in its assets, the full benefit (but subject to the full burden) of its contracts, and its goodwill to BBYO with an effective date of 11 January 2012. In particular, the 2 restricted funds of BBYO Charitable Trust - the YOFI Scholarship Fund and the Friends of BBYO account - have been maintained as restricted accounts of BBYO.

Thanks to the lifting of the COVID restrictions on in-person gatherings, we were able to return to a full programme of face-to-face activities, Chapter meetings, experiences and events.

In February 2022 we took a group of 15 teens from the UK & Ireland to the BBYO International Convention in Baltimore the first time this event was run again since the pandemic. These teens joined over 2,500 more from 40+ countries around the world in what was an inspiring, exciting and powerful event, reinforcing the value to BBYO UKI of being part of a global organisation.

In the Summer, we were also able to resume our annual Israel Tour offering, with a newly branded normally have gone at that stage of their education, and a slightly smaller one for the group of year and the feedback garnered highlighted that the BBYO Israel experiences are a cut above those offered by any other UK Jewish youth organisation.

and the super programme organised and run by our professional team and Tsevet. Definite potential for future development of this camp to include participants from other countries around Europe and beyond.

Bursaries

deferred payment plans to participants on Israel Tour. For other BBYO events, we provide support on a unilateral basis.

In the financial year of 2021/22 we awarded a total of £6,348.88 in bursaries. One participant was awarded £130 for our Leadership Training Weekend. A total of £1090 was awarded to eight participants for our Winter Camp, and one participant was awarded £245 for our Summer Camp. The return of Israel Tour increased our bursary spend significantly, with £4,350 awarded to fourteen participants.

4

BBYO COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 30 SEPTEMBER 2022

Financial Review

BBYO reported a deficit of £34,703 (2020/21: surplus of £36,911), distributed between Unrestricted Funds at £34,703 and Restricted Funds £nil.

£76,755) Unrestricted Funds and £46,525 (2021: £46,525) Restricted Funds.

During the current financial year, we have continued to maintain low overheads and are benefiting from grants from local and national government to recompense us for the lack of contributions from our main national events, as well as donations from alumni and their families.

Reserves Policy

The directors review the level of reserves annually, to ensure that we maintain sufficient reserves to enable normal operating activities to continue over a period of 12 months, should a shortfall in income occur and to take account of potential risks and contingencies that may arise from time to time. While the impact of COVID severely tested whether we had sufficient reserves, the directors continue to consider that the reserves should be sufficient.

The directors have agreed that the YOFI Scholarship Fund should be reduced, if necessary, to meet reasonable demand for bursaries, taking into account the economic impact on the families of BBYO's youth membership and the lower investment income for the Scholarship Fund.

The Friends of BBYO were established in 1992 to raise funds through 2 appeals to former BBYO In accordance with the wishes of the donors, the Friends of BBYO account has become part of the long-term reserves of BBYO.

Structure, Governance and Management

BBYO was incorporated in July 2010. In April 2011 BBYO was registered as a charity by the Charity Commission and commenced operating with effect from 1 July 2011.

BBYO is governed by its Memorandum and Articles of Association, which set out the requirements for membership and directors of the company. The Articles of Association stipulate that, annually, a General Meeting of the members is held at which the directors are elected by ordinary resolution.

One third of the directors retire annually but may offer themselves for election by ordinary resolution at a General Meeting. Between General Meetings, the directors may appoint a person to be a director, but such person must then retire at the next annual General Meeting although he or she shall be eligible for election.

The directors appointed Jonathan, Lord Morris of Kenwood, to chair meetings and he also chairs General Meetings of BBYO.

The directors met 4 times during the year under review.

5

BBYO COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 30 SEPTEMBER 2022

Committees

The Scholarship Committee plays a vital role in enabling many members to participate in our programmes and educational events, through providing and facilitating financial support.

Financial Powers

The directors have approved a Scheme of Empowerment, setting out the delegation of authorities to approve payments and contractual arrangements. This scheme is reviewed annually.

Training and Induction of New Directors

The directors receive training in their responsibilities as trustees of a charitable company through the publications of the Charity Commission and information on their website. New directors will also benefit from an induction led by the existing directors.

The financial statements have been prepared in accordance with the accounting policies set out in 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 published on 16 July 2014.

This report has been prepared in accordance with the provisions applicable to companies entitled to

Approved by the trustees on ................................ 2023 and signed on their behalf: 14 June

Jonathan, Lord Morris of Kenwood

.............................................................

Jonathan, Lord Morris of Kenwood Chairman

6

BBYO COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BBYO YEAR ENDED 30 SEPTEMBER 2022

I report on the accounts of the company for the year ended 30 September 2022 which are set out on pages 8 to 16.

Responsibilities and basis of report

As the charity 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

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 Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

listed in section 145 of the 2011 Act. I 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 that in any material respect:

  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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act considered as part of an independent examination; or

  4. 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.

C A Barker

......................................

Colin A Barker FCA Independent examiner 146 New London Road Chelmsford CM2 0AW

14 June 2023

7

BBYO COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 30 SEPTEMBER 2022

Income from:
Donations and legacies
2
Investments
3
Charitable activities
4
Total Income
Expenditure on:
Raising funds
Charitable activities
5
Total Expenditure
Net Movement in Funds
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
71,647
21
333,109
404,777
-
439,480
439,480
( 34,703)
76,755
42,052		 Restricted
Funds
£
16,500
-
-
16,500
-
16,500
16,500
-
46,525
46,525		 Total Funds
2022
£
88,147
21
333,109
421,277
-
455,980
455,980
( 34,703)
123,280
88,577		 Total Funds
2021
£
148,694
29
92,913
241,636
7,318
197,407
204,725
36,911
86,369
123,280

All of the activities of the charity are classed as continuing.

The notes on pages 10 to 16 form part of these financial statements.

8

BBYO COMPANY LIMITED BY GUARANTEE BALANCE SHEET

AS AT 30 SEPTEMBER 2022

Note
£
£
FIXED ASSETS
Tangible assets
11
769
CURRENT ASSETS
Debtors
12
8,135
Cash at bank
96,092
104,227
CREDITORS: Amounts falling
due within one year
13
16,419
NET CURRENT ASSETS
87,808
TOTAL ASSETS LESS CURRENT LIABILITIES
88,577
NET ASSETS
88,577
FUNDS OF THE CHARITY
Unrestricted
42,052
Restricted
14
46,525
TOTAL CHARITY FUNDS
88,577
2022		 £
£
1,200
31,270
100,761
132,031
9,951
122,080
123,280
123,280
76,755
46,525
123,280
2021

For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 (the Act) relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

14 June

signed on their behalf by:

Jonathan, Lord Morris of Kenwood

Jonathan, Lord Morris of Kenwood

Company Registration Number: 7316468

The notes on pages 10 to 16 form part of these financial statements.

9

BBYO COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (Charities SORP FRS 102) and the Companies Act 2006.

Legal Status

BBYO is a charitable company limited by guarantee. It is incorporated in England and Wales and its registered address is 14 The Broadway, Stanmore HA7 4DW. The company meets the definition of a public benefit entity under FRS 102.

Going concern

The directors are of the opinion that the charity has sufficient resources to continue trading for the next 12 months from the date of signing these accounts.

Incoming Resources

Income from donations is included in incoming resources when these are receivable, except when donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods. Income from Tours and events is accounted for on an accruals basis. Scholarships are used to reduce the cost of the tours to participants.

Resources Expended

All expenditure is accounted for on an accruals basis and includes VAT as the charity is not VAT registered. The majority of expenditure is directly attributable to specific charitable activities. Governance costs are associated with the governance arrangements of the charity.

Fixed Assets

Fixed assets transferred from the unincorporated BBYO were valued at net book value at the date of transfer.

Depreciation

Major expenditure on tangible fixed assets is capitalised. The cost of other items is written off as incurred. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office & computer equipment 25% straight line Catering equipment 10% straight line

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised as expenditure.

Leases

Rentals payable under operating leases are charged to the SOFA on a straight line basis over the period of the lease.

Fund accounting

Funds held by the charity are either:

Unrestricted general funds these are funds which can be used in accordance with the charitable objects at the discretion of the trustees: Designated funds these are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.

Restricted funds these are funds that can only be used for particular restricted purposes within the objects of the charity.

10

BBYO COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2022

2. DONATIONS & LEGACIES

Unrestricted
Funds
£
Government grants
-
Other donations and grants
71,647
71,647
2021
125,336		 Restricted
Funds
£
-
16,500
16,500
23,358		 Total Funds
2022
£
-
88,147
88,147
148,694		 Total Funds
2021
£
38,789
109,905
148,694

3. INVESTMENT INCOME

All of the charity's investment income arises from interest bearing deposit accounts.

4. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Funds
£
Summer Schemes & Tours
308,914
Events Income
22,434
Income from Chapters
321
Membership fees
1,440
333,109
2021
92,913
CHARITABLE EXPENDITURE
Unrestricted
Funds
£
Summer schemes and tours
298,659
Event expenditure
16,186
Support costs(Note 6)
120,514
Governance costs(Note 7)
4,121
439,480
2021
182,049		 Restricted
Funds
£
-
-
-
-
-
-
Restricted
Funds
£
-
6,500
10,000
-
16,500
15,358		 Total Funds
2022
£
308,914
22,434
321
1,440
333,109
92,913
Total Funds
2022
£
298,659
22,686
130,514
4,121
455,980
197,407		 Total Funds
2021
£
88,048
4,865
-
-
92,913
Total Funds
2021
£
88,015
6,691
98,860
3,841
197,407

5. CHARITABLE EXPENDITURE

11

BBYO COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2022

6. SUPPORT COSTS

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|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total Funds|Total Funds| |Funds|Funds|2022|2021| |£|£|£|£| |Staff salaries and expenses|87,774|10,000|97,774|70,516| |Premises costs|12,036|-|12,036|12,256| |-| |Other administrative expenses|20,704|20,704|16,088| |120,514|10,000|130,514|98,860| |GOVERNANCE COSTS| |Unrestricted|Restricted|Total Funds|Total Funds| |Funds|Funds|2022|2021| |£|£|£|£| |-| |Accounting services|3,495|3,495|3,265| |Company secretarial and payroll services|26|-|26|26| |Independent Examination fee|600|-|600|550| |-| |Fees payable to independent examiner|4,121|4,121|3,841| |ANALYSIS OF STAFF COSTS| |2022|2021| |£|£| |Wages and salaries|87,475|67,437| |Social security costs|4,025|800| |Pension contributions|2,109|1,982| |93,609|70,219|

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7. GOVERNANCE COSTS

8. ANALYSIS OF STAFF COSTS

Particulars of employees:

The average number of staff employed by the charity during the financial year on a headcount basis amounted to:

----- Start of picture text -----
||| |---|---| |2022|2021| |No.|No.| |3.1|2.2|

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No employee received emoluments of more than £60,000 during the year (2021 - None).

12

BBYO COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2022

9. TRUSTEES REMUNERATION

None of the trustees or persons connected with them received any remuneration for their services.

None of the trustees were reimbursed expenses incurred when acting on behalf of the company during the period.

10. NET OUTGOING RESOURCES FOR THE PERIOD

This is stated after charging:
Depreciation
11.
TANGIBLE FIXED ASSETS
COST
At 1 October 2021
Additions
Disposals
At 30 September 2022
DEPRECIATION
At 1 October 2021
Charge for the year
On disposals
At 30 September 2022
NET BOOK VALUE
At 30 September 2022
At 30 September 2021
12.
DEBTORS
Other debtors
Prepayments and accrued income		 2022
£
539
£
9,674
107
-
9,781
8,474
538
-
9,012
769
1,200
£
1,780
6,355
8,135
Fixtures,
Fittings &
Equipment		 2021
£
547
Total
2022
£
9,674
107
-
9,781
8,474
538
-
9,012
769
1,200
£
19,940
11,330
31,270

13

BBYO

COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022

13. CREDITORS: Amounts falling due within one year

Trade creditors
Payroll taxes and social security
Other Creditors
Accruals
Deferred income		 2022
£
3,400
2,504
295
6,199
4,100
6,120
16,419		 2021
£
614
1,594
106
2,314
3,905
3,732
9,951

All deferred income relates to events income paid in advance and released to income in the following year.

14. RESTRICTED FUNDS

a)
Friends of BBYO
b)
YOFI scholarship
c)
d)
e)
Children's Aid Committee
Rothschild Foundation
Jewish Youth Fund		 Balance at
1 Oct 2021
Incoming
£
£
20,895
-
17,630
-
8,000
-
-
6,500
-
10,000
46,525
16,500		 Outgoing
£
-
-
-
( 6,500)
( 10,000)
( 16,500)
Movement		 Transfers
£
-
-
-
-
-
-
in resources:		 Balance at
30 Sept 2022
£
20,895
17,630
8,000
-
-
46,525

14

BBYO COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022

15. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

Restricted
Unrestricted		 Tangible
fixed assets
£
-
769		 Other net
assets
£
46,525
41,283
87,808		 Total
£
46,525
42,052
769 88,577

16. COMPANY LIMITED BY GUARANTEE

Every member of the Company undertakes to contribute to the assets of the Company in the event of the same being wound up during the time he/she is a member, or within one year afterwards, for the payments of the debts and liabilities of the Company contracted before the time at which he/she ceases to be a member and of the costs, charges and expenses of winding up the same, and for the adjustments of the rights of the contributors among themselves such amount as may be required not exceeding one pound.

The company is controlled by the Trustees.

17. COMMITMENTS UNDER OPERATING LEASES

The charity is committed to total future minimum lease payments under a non-cancellable operating leases as follows:

Not later than one year
Later than one year and not later than five years		 2022
£
10,000
3,330
13,330		 2021
£
10,000
13,330
23,330

18. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year.

15

BBYO COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2022

19. PRIOR YEAR FUNDS NOTES

RESTRICTED FUNDS

a)
Friends of BBYO
b)
YOFI scholarship
c)
UJIA - staff costs
d)
UJIA - Trek UK
e)
f)
g)
h)
Reshet Education
Rothschild Foundation
Jewish Youth Fund
BBYO International		 Balance at
2020
£
20,895
18,630
-
-
-
-
-
-
39,525		 Incoming
£
-
-
1,500
5,000
8,000
8,000
358
500
23,358		 Outgoing
Transfers
£
£
-
-
-
( 1,000)
( 1,500)
-
( 5,000)
-
-
-
( 8,000)
-
( 358)
-
( 500)
-
( 15,358)
( 1,000)
Movement in resources:		 Balance at
2021
£
20,895
17,630
-
-
8,000
-
-
-
46,525

ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

Restricted
Unrestricted		 Tangible
fixed assets
£
-
1,200
1,200		 Other net
assets
£
46,525
75,555
122,080		 Total
£
46,525
76,755
123,280

16