2023-07-31-accounts - Yeshuos Shabbos

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DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

CHARITY REGISTRATION NUMBER: 1152793

Yeshuos Shabbos

Financial Statements

31 July 2023

COHEN ARNOLD

Chartered accountants& statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Financial Statements

Year ended 31 July 2023

	Page
Trustees' annual report	1
Independent auditor's report to the members	3
Statement of financial activities	7
Statement of financial position	8
Statement of cash flows	9
Notes to the financial statements	10

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Trustees' Annual Report

Year ended 31 July 2023

The trustees present their report and the financial statements of the charity for the year ended 31 July 2023.

Reference and administrative details

Registered charity name	Yeshuos Shabbos
Charity registration number	1152793
Principal office	85d Cazenove Road
	London
	N16 6BB
The trustees	Mr P Lebrecht
	Mr M Tunk
	Mr J Matyas
Auditor	Cohen Arnold
	Chartered accountants & statutory auditor
	New Burlington House
	1075 Finchley Road
	LONDON
	NW11 0PU
Bankers	Barclays Bank Plc
	Leicester
	LE87 2BB

Structure, governance and management

Yeshuos Shabbos is constituted and governed as a CIO. It was registered in July 2013.

The day to day affairs of the Charity are governed by the trustees. Should they see fit to appoint new trustees, they will apply suitable recruitment, induction and training procedures.

Objectives and activities

Yeshuos Shabbos was set up for the advancement of education and training and for the relief of poverty, sickness and distress. The Charity promotes good health and provides people with recreational facilities in the interest of social welfare to improve their conditions of life.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and policies.

Achievements and performance

This year the charity continued to help individuals in poverty receive steady donations.

The charity obtained professional assistance to bring the community a state-of-the-art fundraising and support system which enabled the charity to grow significantly and was able to distribute over £4m of grants during the year.

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Trustees' Annual Report (continued)

Year ended 31 July 2023

Financial review

The trustees are of the opinion that as the level of overhead costs is very low, the reserves policy can be low. The trustees wish to hold three to six months overhead costs. Three months overhead costs amounts to approximately £23,000.

As of 31 July 2023, the available reserves of the charity were £50,376.

Plans for future periods

The charity plans to grow by achieving more donors so they can help more individuals who are struggling with poverty.

Trustees' responsibilities statement

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each 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, of the charity for that period.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, 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.

The trustees' annual report was approved on 28 May 2024 and signed on behalf of the board of trustees by:

|[rE] f 4335E5BE09734ED... Mr P Lebrecht Trustee

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Independent Auditor's Report to the Members of Yeshuos Shabbos

Year ended 31 July 2023

Opinion

We have audited the financial statements of Yeshuos Shabbos (the 'charity') for the year ended 31 July 2023 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, 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, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the charity's affairs as at 31 July 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Charities Act 2011.

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 auditor's 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.

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Yeshuos Shabbos

Independent Auditor's Report to the Members of Yeshuos Shabbos (continued)

Year ended 31 July 2023

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

the information given in the trustees' report is inconsistent in any material respect with the financial statements; or
adequate accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they 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.

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Independent Auditor's Report to the Members of Yeshuos Shabbos (continued)

Year ended 31 July 2023

Auditor's responsibilities for the audit of the financial statements

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 an auditor’s report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements.

We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with the laws and regulations.

We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.

We assessed the susceptibility of the charity's financial statements to material misstatement due to non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry with the trustees during the planning and finalisation phases stages of our audit. The susceptibility to such material misstatement was determined to be low.

Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items.

As part of an audit in accordance with ISAs (UK), 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, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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 the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Independent Auditor's Report to the Members of Yeshuos Shabbos (continued)

Year ended 31 July 2023

Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

[Cala Cohen Arnold BC6977A458CD499...by: Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

28 May 2024

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Statement of Financial Activities

Year ended 31 July 2023

		2023	2023	2022
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	4	4,060,971	4,060,971	2,956,995
Investment income	5	3,380	3,380	1,866
		`─────────────`	`─────────────`	`─────────────`
Total income		4,064,351	4,064,351	2,958,861
		`═════════════`	`═════════════`	`═════════════`
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies	6	380	380	360
Expenditure on charitable activities	7,8	4,138,533	4,138,533	2,775,771
		`─────────────`	`─────────────`	`─────────────`
Total expenditure		4,138,913	4,138,913	2,776,131
		`═════════════`	`═════════════`	`═════════════`
		`─────────────`	`─────────────`	`─────────────`
Net (expenditure)/income and net movement in funds		(74,562)	(74,562)	182,730
		`═════════════`	`═════════════`	`═════════════`
Reconciliation of funds
Total funds brought forward		124,938	124,938	(57,792)
		`─────────────`	`─────────────`	`─────────────`
Total funds carried forward		50,376	50,376	124,938
		`═════════════`	`═════════════`	`═════════════`

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 10 to 15 form part of these financial statements.

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Statement of Financial Position

31 July 2023

		2023	2022
	Note	£	£
Current assets
Debtors	13	29,590	41,866
Cash at bank and in hand		73,859	162,785
		──────────	──────────
		103,449	204,651
Creditors: amounts falling due within one year	14	11,407	32,491
		──────────	──────────
Net current assets		92,042	172,160
		─────────	──────────
Total assets less current liabilities		92,042	172,160
Creditors: amounts falling due after more than one year	15	41,666	47,222
		─────────	──────────
Net assets		50,376	124,938
		═════════	══════════
Funds of the charity
Unrestricted funds		50,376	124,938
		─────────	──────────
Total charity funds	17	50,376 ═════════	124,938 ══════════

These financial statements were approved by the board of trustees and authorised for issue on 28 May 2024, and are signed on behalf of the board by:

|[rE] f 4335E5BE09734ED... Mr P Lebrecht Trustee

The notes on pages 10 to 15 form part of these financial statements.

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Statement of Cash Flows

Year ended 31 July 2023

	2023	2022
	£	£
Cash flows from operating activities
Net (expenditure)/income	(74,562)	182,730
Adjustments for:
Other interest receivable and similar income	(3,380)	(1,866)
Interest payable and similar charges	1,117	605
Accrued expenses	960	1,200
Changes in:
Trade and other debtors	12,276	(41,866)
Trade and other creditors	(22,044)	(6,886)
	`─────────`	`──────────`
Cash generated from operations	(85,633)	133,917
Interest paid	(1,117)	(605)
Interest received	3,380	1,866
	`─────────`	`──────────`
Net cash (used in)/from operating activities	(83,370)	135,178
	`═════════`	`══════════`
Cash flows from financing activities
Proceeds from borrowings	(5,556)	(2,778)
	`─────────`	`──────────`
Net cash used in financing activities	(5,556)	(2,778)
	`═════════`	`══════════`
Net (decrease)/increase in cash and cash equivalents	(88,926)	132,400
Cash and cash equivalents at beginning of year	162,785	30,385
	`──────────`	`──────────`
Cash and cash equivalents at end of year	73,859	162,785
	`══════════`	`══════════`

The notes on pages 10 to 15 form part of these financial statements.

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Notes to the Financial Statements

Year ended 31 July 2023

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 85d Cazenove Road, London, N16 6BB.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

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

Judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Notes to the Financial Statements (continued)

Year ended 31 July 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Notes to the Financial Statements (continued)

Year ended 31 July 2023

3. Accounting policies (continued)

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Donations and legacies

4.	Donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Donations
	Donations	4,060,971	4,060,971	2,956,995	2,956,995
		`═════════════`	`═════════════`	`═════════════`	`═════════════`
5.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Other interest receivable	3,380	3,380	1,866	1,866
		`═══════`	`═══════`	`═══════`	`═══════`
6.	Costs of raising donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Costs of raising donations and legacies
	- Donations	380	380	360	360
		`════`	`════`	`════`	`════`

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Notes to the Financial Statements (continued)

Year ended 31 July 2023

7. Expenditure on charitable activities by fund type

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Grants and donations	4,129,495	4,129,495	2,767,833	2,767,833
	Support costs	9,038	9,038	7,938	7,938
		`─────────────`	`─────────────`	`─────────────`	`─────────────`
		4,138,533	4,138,533	2,775,771	2,775,771
		`═════════════`	`═════════════`	`═════════════`	`═════════════`
8.	Expenditure on charitable activities by activity type
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2023	2022
		£	£	£	£
	Grants and donations	4,129,495	–	4,129,495	2,767,833
	Governance costs	–	9,038	9,038	7,938
		`─────────────`	`───────`	`─────────────`	`─────────────`
		4,129,495	9,038	4,138,533	2,775,771
		`═════════════`	`═══════`	`═════════════`	`═════════════`
9.	Analysis of grants
				2023	2022
				£	£
	Grants to institutions			6,918	–
	Grants to individuals			4,032,571	2,697,236
				`─────────────`	`─────────────`
	Total grants			4,039,489	2,697,236
				`═════════════`	`═════════════`
10.	Auditors remuneration
				2023	2022
				£	£
	Fees payable for the audit of the financial statements			6,000	6,000
				`═══════`	`═══════`
11.	Staff costs
	The total staff costs and employee benefits for the reporting period are analysed as				follows:
				2023	2022
				£	£
	Wages and salaries			57,547	49,694
	Social security costs			–	2,412
	Employer contributions to pension plans			–	37
				`─────────`	`─────────`
				57,547	52,143
				`═════════`	`═════════`

The average number of employees during the year was 5 (2022: 3)

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Notes to the Financial Statements (continued)

Year ended 31 July 2023

11. Staff costs (continued)

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

12. Trustee remuneration and expenses

There was no remuneration paid to the trustees. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

13. Debtors

Debtors
	2023	2022
	£	£
Other debtors	29,590	41,866
	`═════════`	`═════════`
Creditors: amounts falling due within one year
	2023	2022
	£	£
Accruals and deferred income	6,960	6,000
Social security and other taxes	343	11,509
Other creditors	4,104	14,982
	`─────────`	`─────────`
	11,407	32,491
	`═════════`	`═════════`
Creditors: amounts falling due after more than one year
	2023	2022
	£	£
Bank loans and overdrafts	41,666	47,222
	`═════════`	`═════════`

14. Creditors: amounts falling due within one year

15. Creditors: amounts falling due after more than one year

16. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £Nil (2022: £37).

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At	1	August				At
			2022	Income	Expenditure	31	July 2023
			£	£	£		£
General funds			124,938	4,064,351	(4,138,913)		50,376
			`══════════`	`═════════════`	`═════════════`		`═════════`
	At	1	August				At
			2021	Income	Expenditure	31	July 2022
			£	£	£		£
General funds			(57,792)	2,958,861	(2,776,131)		124,938
			`═════════`	`═════════════`	`═════════════`		`══════════`

DocuSign Envelope ID: 44BFD4C3-5FEF-48F1-926D-FFEE47E6F4C4

Yeshuos Shabbos

Notes to the Financial Statements (continued)

Year ended 31 July 2023

18. Analysis of net assets between funds

Analysis of net assets between funds
		Unrestricted	Total Funds
		Funds	2023
		£	£
Current assets		103,449	103,449
Creditors less than 1 year		(11,407)	(11,407)
Creditors greater than 1 year		(41,666)	(41,666)
		`──────────`	`──────────`
Net assets		50,376	50,376
		`══════════`	`══════════`
		Unrestricted	Total Funds
		Funds	2022
		£	£
Current assets		204,651	204,651
Creditors less than 1 year		(32,491)	(32,491)
Creditors greater than 1 year		(47,222)	(47,222)
		`──────────`	`──────────`
Net assets		124,938	124,938
		`══════════`	`══════════`
Analysis of changes in net debt
	At		At
	1 Aug 2022	Cash flows	31 Jul 2023
	£	£	£
Cash at bank and in hand	162,785	(88,926)	73,859
Debt due after one year	(47,222)	5,556	(41,666)
	`──────────`	`─────────`	`─────────`
	115,563	(83,370)	32,193
	`══════════`	`═════════`	`═════════`

19. Analysis of changes in net debt

20. Related parties

There were no transactions with related parties during the period under review.