OpenCharities

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

2023-09-30-accounts

COMPANY REGISTRATION NUMBER : 07316468

BBYO COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS FOR 30 SEPTEMBER 2023

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 2023

----- 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 2023

Charity Number 1141616 Company Number 07316468 Registered Office 146 New London Road Chelmsford Essex CM2 0AW Trustees Jonathan, Lord Morris of Kenwood Chairman Brian Royston Resigned 12/06/2023 Matthew Herman Resigned 12/06/2023 Charles Robinson Kira Laurelle Blumer Beverley Lewis Robert Epstein Michael Allen-Harris Appointed 18/10/2023 Jasmine Gothelf Appointed 18/10/2023 Emma Livingston Appointed 18/10/2023

1

BBYO COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT

YEAR ENDED 30 SEPTEMBER 2023

The trustees have pleasure in presenting their report and the unaudited financial statements for the charity for the year ended 30 September 2023.

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

During this financial year, two of our longest-serving Trustees stepped down from the Board. Brian Royston had been involved as a BBYO trustee and member of the Youth Commission for over 40 years and had been generous in sharing his wisdom and knowledge over that time. It was acknowledged that without Brian’s dedication and commitment to BBYO, the organisation would not be in the positive situation it is today. All the directors recorded their thanks to Brian.

As a result of Brian’s departure, Bev Lewis took over the role of Company Secretary on the Board.

Matthew Herman had served BBYO UK over the last 18 years as Movement Worker, Chair of the Youth Commission and Trustee. His support and guidance were invaluable, as was his willingness to challenge decisions so as to ensure best practice. Matthew’s commitment to BBYO even withstood his move from the UK to Israel. The Board expressed its gratitude to Matthew.

The remaining Board was strengthened with the addition of three senior professionals. All are BBYO alumni, and all bring extensive experience in the Jewish and commercial arenas.

Emma Livingston is a strategy consultant who works with governments and non-profits to help assess and set organisational strategy, with a particular focus on equity and opportunity.

Jasmine Gothelf has 10+ years working with and developing the world's most influential brands, agencies and platforms. She is an expert in the fields of social and digital media with a unique perspective on upcoming trends and insights particularly in relation to young people.

Michael Harris is a qualified Accountant, Finance Director and entrepreneur. A former BBYO UK Movement Worker, Michael has agreed to take over the role of Treasurer from Charlie Robinson, who has admirably filled that position for the last three years, but now steps into a more strategic role on the Board.

Ricky Kaplan continued in his role as Executive Director of BBYO UK, providing leadership, direction and management of the organisation and professional team.

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 BBYO). The Fund provides bursaries to BBYO members towards the cost of BBYO’s programmes, 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.

2

BBYO COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 30 SEPTEMBER 2023

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.

The overall costs of BBYO’s specific educational and leadership activities may also be subsidised, 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.

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, comprise a nearmonth long summer holiday experience tours for post-GCSE students (aged 15/16 years). In July 2023, 52 teens joined our Trek Israel programme, the feedback from which was overwhelmingly positive.

3

BBYO COMPANY LIMITED BY GUARANTEE TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 30 SEPTEMBER 2023

Local Activities

BBYO has Chapters (youth groups) in NW London and surrounding areas, as well as two newer 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.

Safeguarding

Ricky Kaplan was our Designated Safeguarding Lead during the year under review, with Kira Blumer the Trustee with responsibilities for Safeguarding. BBYO’s Safeguarding Policy is reviewed annually by the directors to ensure that we 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.

In February 2023 we took a group of 19 teens from the UK & Ireland to the BBYO International Convention in Dallas. These teens joined over 3,000 more from 50+ 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.

Our Winter Convention in December proved to be our most successful to date. Over 100 teens joined the event, held in a venue in Sussex, and thoroughly enjoyed taking part in a superb programme managed and run by our Tzevet, Bogrim and professional team.

To launch our Centennial fundraising and celebration campaign - the first Chapter of BBYO International began in 1924, so 2024 is the Centennial year for the organisation – Jonathan, Lord Morris of Kenwood, our Chair of Trustees / Directors, undertook a sponsored tandem skydive. Through this activity, we raised almost £5,000 in donations for BBYO UK.

Bursaries

Our Scholarship Committee works closely with UJIA’s Israel Experience to provide bursaries and/or deferred payment plans to participants on Israel Tour. For other BBYO events, we provide support on a unilateral basis.

This scholarship fund was significantly boosted in July 2023 thanks to a grant from the R&H Klein Family Foundation of £50,000. We are extremely grateful to this Foundation for helping to ensure that for at least the next 5 years no teen will be prevented from attending a BBYO UK event, experience or activity for financial reasons.

4

BBYO COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 30 SEPTEMBER 2023

Financial Review

BBYO reported a surplus of £16,140 (2021/22: deficit of £34,703), distributed between Unrestricted Funds at a £27,965 deficit and Restricted Funds at a £44,105 surplus.

BBYO’s reserves position continues to be acceptable: BBYO finished the year with £14,087 (2022: £42,052) Unrestricted Funds and £90,630 (2022: £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. During this financial year, the directors continue to consider that the reserves should be sufficient.

The Friends of BBYO were established in 1992 to raise funds through 2 appeals to former BBYO members to help ensure BBYO’s long term future. The Friends have been dormant for several years. 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.

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.

5

BBYO COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 30 SEPTEMBER 2023

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, and training in the Safeguarding responsibilities of Directors.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 the small companies’ exemption.

Approved by the trustees on 28 May 2024 and signed on their behalf:

......................................................... 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 2023

I report on the accounts of the company for the year ended 30 September 2023 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 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 company’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 the company’s gross income exceeded £250,000 your examiner must be a member of a body 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 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

  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.

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

30 May 2024

7

BBYO COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 30 SEPTEMBER 2023

Income from:
Donations and legacies
2
Investments
3
Charitable activities
4
Total Income
Expenditure on:
Raising funds
Charitable activities
5
Total Expenditure
Net Income/(Expenditure)
Transfers Between Funds
Net Movement in Funds
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
44,875
117
319,139
364,131
-
412,991
412,991
( 48,860)
20,895
( 27,965)
42,052
14,087		 Restricted
Funds
£
77,000
-
-
77,000
-
12,000
12,000
65,000
( 20,895)
44,105
46,525
90,630		 Total Funds
2023
£
121,875
117
319,139
441,131
-
424,991
424,991
16,140
-
16,140
88,577
104,717		 Total Funds
2022
£
88,147
21
333,109
421,277
-
455,980
455,980
( 34,703)
-
( 34,703)
123,280
88,577

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 2023

Note
£
£
FIXED ASSETS
Tangible assets
11
1,663
CURRENT ASSETS
Debtors
12
9,609
Cash at bank
102,648
112,257
CREDITORS: Amounts falling
due within one year
13
9,203
NET CURRENT ASSETS
103,054
TOTAL ASSETS LESS CURRENT LIABILITIES
104,717
NET ASSETS
104,717
FUNDS OF THE CHARITY
Unrestricted
14,087
Restricted
14
90,630
TOTAL CHARITY FUNDS
104,717
2023		 £
£
769
8,135
96,092
104,227
16,419
87,808
88,577
88,577
42,052
46,525
88,577
2022

For the year ending 30 September 2023 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.

These financial statements were approved by the Trustees on 28 May 2024 and are signed on their behalf by:

…............................................................

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 2023

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 2023

2. DONATIONS & LEGACIES

Unrestricted
Funds
£
Government grants
-
Other donations and grants
44,875
44,875
2022
71,647		 Restricted
Funds
£
-
77,000
77,000
16,500		 Total Funds
2023
£
-
121,875
121,875
88,147		 Total Funds
2022
£
-
88,147
88,147

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
274,717
Events Income
41,369
Income from Chapters
2,855
Membership fees
198
319,139
2022
333,109
CHARITABLE EXPENDITURE
Unrestricted
Funds
£
Summer schemes and tours
240,574
Event expenditure
45,829
Support costs(Note 6)
122,298
Governance costs(Note 7)
4,290
412,991
2022
439,480		 Restricted
Funds
£
-
-
-
-
-
-
Restricted
Funds
£
-
2,000
10,000
-
12,000
16,500		 Total Funds
2023
£
274,717
41,369
2,855
198
319,139
333,109
Total Funds
2023
£
240,574
47,829
132,298
4,290
424,991
455,980		 Total Funds
2022
£
308,914
22,434
321
1,440
333,109
Total Funds
2022
£
298,659
22,686
130,514
4,121
455,980

5. CHARITABLE EXPENDITURE

11

BBYO COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

6. SUPPORT COSTS

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total Funds|Total Funds| |Funds|Funds|2023|2022| |£|£|£|£| |Staff salaries and expenses|87,199|10,000|97,199|97,774| |Premises costs|11,136|-|11,136|12,036| |-| |Other administrative expenses|23,963|23,963|20,704| |122,298|10,000|132,298|130,514|

----- End of picture text -----

7. GOVERNANCE COSTS

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total Funds|Total Funds| |Funds|Funds|2023|2022| |£|£|£|£| |-| |Accounting services|3,639|3,639|3,495| |Company secretarial and payroll services|26|-|26|26| |Independent Examination fee|625|-|625|600| |-| |Fees payable to independent examiner|4,290|4,290|4,121| |ANALYSIS OF STAFF COSTS| |2023|2022| |£|£| |Wages and salaries|89,148|87,475| |Social security costs|2,460|4,025| |Pension contributions|2,193|2,109| |93,801|93,609|

----- End of picture text -----

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 -----
||| |---|---| |2023|2022| |No.|No.| |3.2|3.1|

----- End of picture text -----

No employee received emoluments of more than £60,000 during the year (2022 - None).

12

BBYO

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

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 2022
Additions
Disposals
At 30 September 2023
DEPRECIATION
At 1 October 2022
Charge for the year
On disposals
At 30 September 2023
NET BOOK VALUE
At 30 September 2023
At 30 September 2022
12.
DEBTORS
Other debtors
Prepayments and accrued income		 2023
£
839
£
9,781
1,733
-
11,514
9,012
839
-
9,851
1,663
769
2023
£
1,778
7,831
9,609
Fixtures,
Fittings &
Equipment		 2022
£
539
Total
2023
£
9,781
1,733
-
11,514
9,012
839
-
9,851
1,663
769
2022
£
1,780
6,355
8,135

13

BBYO

COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023

13. CREDITORS: Amounts falling due within one year

Trade creditors
Payroll taxes and social security
Other Creditors
Accruals
Deferred income		 2023
£
866
1,719
2,334
4,919
4,284
-
9,203		 2022
£
3,400
2,504
295
6,199
4,100
6,120
16,419

Deferred income relates to income paid in advance for events in the following year.

14. RESTRICTED FUNDS

Balance at
1 Oct 2022
Incoming
£
£
a)
Friends of BBYO
20,895
-
b)
YOFI scholarship
17,630
-
c)
8,000
-
d)
-
2,000
e)
Children's Aid Committee
-
10,000
f)
Oxford & St. Georges JYT
-
4,000
g)
Nathan Laski Memorial Trust
-
1,000
h)
R&H Klein Family Foundation
-
50,000
i)
National Lottery Community Fund
-
10,000
46,525
77,000
Rothschild Foundation
Jewish Youth Fund		 Movement
Outgoing
£
-
-
-
( 2,000)
( 10,000)
-
-
-
-
( 12,000)		 in resources:
Transfers
£
( 20,895)
-
-
-
-
-
-
-
-
( 20,895)
Balance at
30 Sept 2023
£
-
17,630
8,000
-
-
4,000
1,000
50,000
10,000
90,630

14

BBYO

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

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

Restricted
Unrestricted		 Tangible
fixed assets
£
-
1,663
1,663		 Other net
assets
£
90,630
12,424
103,054		 Total
£
90,630
14,087
104,717

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		 2023
£
3,330
-
3,330		 2022
£
10,000
3,330
13,330

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 2023

19. PRIOR YEAR FUNDS NOTES

RESTRICTED FUNDS

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

ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

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

16