**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** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **BBYO COMPANY LIMITED BY GUARANTEE** ## **COMPANY INFORMATION** ## **YEAR ENDED 30 SEPTEMBER 2022** **----- Start of picture text -----**
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
**----- End of picture text -----**
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: - Our Israel programme organised in conjunction with the UJIA Israel Experience, comprises a near-month long summer holiday experience tours for post-GCSE students (aged 15/16 years). Due to COVID, no programmes ran in 2020 or 2021; however, we were able to once again offer a UK touring holiday to Year 11 students in 2022, as well as an additional Tour for those year 12 students who had missed out the previous year. - attracting younger participants aged 13, 14 or 15 years, and providing social activities and some leadership training. In 2022, this was held for the first time in a venue in Northern France. - - elected National Executive, and the Chapter Leadership Training Course (held annually over an October weekend). - Veida, a day-long National Convention in March when new National Executive youth leaders are elected, to take office at the beginning of September. - Participation in BBYO International activities including International Convention (February) and Global Shabbat (December). - Social action and awareness activities including participation in Mitzvah Day and J-Serve (International Day of Service). - Social and fund-raising events. - Events for sixth formers (school years 12 and 13). - Training and social events for Bogrim (former youth leaders of BBYO usually at university). Bogrim are encouraged to staff and lead events including Israel tours, and advise youth leaders. 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: - The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |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| **----- End of picture text -----**
## **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| **----- End of picture text -----**
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| |---|---|---|---|---| - a) The Friends were established in 1992 to raise funds through 2 appeals to former BBYO members to help to ensure BBYO's long term future. - b) The YOFI Scholarship Fund provides bursaries and subsidies to BBYO members towards the cost of BBYO's programmes, primarily its Israel programmes, its summer camps and its events. The transfer to unrestricted funds represents the value of these awards during the year. - c) Rothschild Foundation Hanadiv Europe has awarded a grant towards a project to develop educators to strengthen Jewish community life. - d) The Jewish Youth Fund provided grants for both the Summer and Winter programmes. - e) The Children's Aid Committee Charitable Fund provided a grant towards the employment costs of a Community Engagement Manager. 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| |---|---|---|---|---| - a) The Friends were established in 1992 to raise funds through 2 appeals to former BBYO members to help to ensure BBYO's long term future. - b) The YOFI Scholarship Fund provides bursaries and subsidies to BBYO members towards the cost of BBYO's programmes, primarily its Israel programmes, its summer camps and its events. It also subsidises the costs of BBYO's educational and leadership events. - The transfer to unrestricted funds represents the value of these awards during the year. - c) UJIA provided a grant towards staff salaries. - d) UJIA provided a grant towards the costs of Trek UK. - e) Rothschild Foundation Hanadiv Europe has awarded a grant towards a project to develop educators to strengthen Jewish community life. - f) The Jewish Youth Fund provided grants for both the Summer and Winter programmes. - g) BBYO International provided funds for Fall Kick Off and Global Shabbat. - h) Reshet Education provided funds towards the National Executive Training in 2021. ## **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