**Charity Number 1159033**
## **YTV LONDON**
**FINANCIAL STATEMENTS 31 OCTOBER 2020**
**YTV LONDON FINANCIAL STATEMENTS**
## **YEAR ENDED 31 OCTOBER 2020**
|**CONTENTS**|**PAGE**|
|---|---|
|Trustees and professional advisers|**1**|
|Trustees Annual Report|**2**|
|Statement of Trustees responsibilities|**4**|
|Independent examiner's report to the trustees|**5**|
|Statement of financial activities|**6**|
|Balance sheet|**7**|
|Notes to the financial statements|**8-9**|
## **YTV LONDON**
## **TRUSTEES AND PROFESSIONAL ADVISERS**
|**Registered charity name**|Ytv London|
|---|---|
|**Charity number**|1159033|
|**Principal office**|23 St Kildas Road|
||London|
||N16 5BS|
|**Trustees**|Mr O Low|
||Mr E Low|
||Mr J Friedman|
|**Bankers**|CAF Bank|
||25 Kings Hill Avenue|
||Kings Hill|
||West Malling|
||Kent ME19 4JQ|
||Barclays Bank|
**- 1 -**
## **YTV LONDON**
## **TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31 OCTOBER 2020**
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 October 2020.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Reference and administrative details are shown in the schedule of trustees and professional advisers on page 1 of the financial statements.
## **THE TRUSTEES**
The trustees who served the company during the period were as follows:
Mr O Low Mr E Low Mr J Friedman
All major decisions are taken collectively by the trustees.
The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is an unincorporated charity registered with the Charity Commission (Registration No. 1159033).The charity is governed by its Trust Deed dated 31st October 2014.
Recruitment and appointment of new trustees would be in line with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
## **OBJECTIVES AND ACTIVITIES**
Ytv London is a charity whose objective is the advancement of the orthodox Jewish faith. The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing their aims and objectives, planning future activities, and setting their grant making policies for the year.
## **ACHIEVEMENTS AND PERFORMANCE**
ln line with its objectives, Ytv London provided support in the form of grants, for students engaged in Jewish Talmudical studies and has provided, managed and maintained facilities for Jewish Studies.
**- 2 -**
**YTV LONDON**
## **TRUSTEES ANNUAL REPORT** _**(continued)**_
## **YEAR ENDED 31 OCTOBER 2020**
## **FINANCIAL REVIEW**
Sources of funds are through fundraising and the generosity of the public. The grant making policy is based on the trustees' decision following investigation of applicants' circumstances and with special reference to low income.
**Reserves policy**
The trustees aim to build up free reserves to a level of 3 months of student grant funding. **Investment Policy**
The investments selection policy is entirely cash based.
## **Risk management**
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to manage these risks. **PLANS FOR FUTURE PERIODS**
The aim is to continue to provide support in the form of grants, for students engaged in Jewish Talmudic studies.
Signed on behalf of the trustees
.......................................................... Mr J Friedman Trustee
30/08/2021
**- 3 -**
## **YTV LONDON**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## **YEAR ENDED 31 OCTOBER 2020**
The charity's trustees are responsible for preparing the Trustees Annual 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 trustees to prepare financial statements for each financial 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 Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that 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 and the Charity (Accounts and Reports) Regulations 2008. The trustees 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.
**- 4 -**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YTV LONDON**
I report to the charity trustees on my examination of the financial statement of the Company for the year ended 31 October 2020.
## **Responsibilities and basis of report**
As the charity's 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 charity'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.
I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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
B Nezmi ACCA JS & CO ACCOUNTANTS LTD 26 Theydon Road London, E5 9NA
30 August 2021
## **YTV LONDON**
## STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 October 2020
|Notes
**INCOMING RESOURCES**
**Incoming resources from generated funds**
2
Voluntary Income
Other Income
**Total Incoming resources**
**RESOURCES EXPENDED**
**Costs of charitable activities**
Charitable activities
3/4
Governance costs
5
**Total resources expended**
**NET INCOMING/(OUTGOING)**
**RESOURCES**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|2020
£
388,330
7,112
395,442
357,334
45,354
402,688
-7,246
-14,581
**-21,827**|2019
£
190,391
190,391
163,406
2,524|
|---|---|---|
|||165,930
24,461
-39,042|
|||**-14,581**|
The Notes form part of the financial statements
Page 6
## YTV LONDON
|2020
Notes
£
£
CURRENT ASSETS:
Cash at bank and in hand
60,094
60,094
CREDITORS: amounts falling
due within one year
6
-31,921
Net Current assets/(liabilities)
28,173
NET CURRENT ASSETS:
28,173
CREDITORS: amounts falling
-50,000
due after one year
NET ASSETS
-21,827
FUNDS
7
Unrestricted funds
-21,827
TOTAL FUNDS
-21,827
BALANCE SHEET
31-Oct-20|2019
£
£
25,959
25,959
-40,540
-14,581
-14,581
0
-14,581
-14,581
-14,581|2019
£
£
25,959
25,959
-40,540
-14,581
-14,581
0
-14,581
-14,581
-14,581|
|---|---|---|
||||
|||-14,581|
|||0|
|||-14,581
-14,581|
|||-14,581|
Approved by the board of Trustees on: 30 August 2021 And signed on their behalf by:
Trustee
The Notes form part of these financial statements
Page 7
## YTV LONDON
## NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2020
## 1 ACCOUNTING POLICIES
## Accounting convention
These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.
## Incoming resources
## Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
## Resources expended
Expenditure is accounted for on accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
## 2 VOLUNTARY INCOME
|VOLUNTARY INCOME||
|---|---|
|Donations received
Job retention scheme|Unrestricted
Funds
Total
Funds
2020
Total
Funds
2019
£
£
£
388,330
388,330
190,391
7,112
7,112
0|
||395,442
395,442
190,391|
## 3 COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
|Fundraising costs
Student Grants
Providing and maintaining Study facilities
Activities|Unrestricted
Funds
Total
Funds
2020
Total
Funds
2019
£
£
£
6,016
6,016
5,521
254,477
254,477
110,145
50,942
50,942
27,000
45,899
45,899
20,740|
|---|---|
||357,334
357,334
163,406|
## 4 COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
|Fundraising costs
Student Grants
Providing and maintaining Study facilities
Summer camp activities|Grant
Funding
Activities
Total
Funds
2020
Total
Funds
2019
£
£
£
6,016
6,016
5,521
254,477
254,477
110,145
50,942
50,942
27,000
45,899
45,899
20,740|
|---|---|
||357,334
357,334
163,406|
Page 8
## **YTV LONDON**
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2020
## 5 **GOVERNANCE COSTS**
|Accountancy
Professional fees
Office supplies
Telephone
Wages
Bank charges|**Unrestricted**
**Funds**
**Total Funds**
**2020**
**£**
**£**
900
900
709
709
7,297
7,297
793
793
34,879
34,879
776
776
45,354
45,354|**Total Funds**
**2019**
**£**
540
0
1,227
0
0
757|
|---|---|---|
|||2,524|
The average number of employees for the year were 6
## 6 **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accruals
loan|**2020**
**£**
900
31,021
31,921|**2019**
**£**
540
40,000|
|---|---|---|
|||40,540|
## 7 **MOVEMENTS IN FUNDS**
|At 1.11.19
Net movement
in funds
£
£
**Unrestricted funds**
General fund
-14,581
-7,246
**TOTAL FUNDS**
-14,581
-7,246
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
**Unrestricted funds**
£
£
General fund
395,442
402,688
**TOTAL FUNDS**
395,442
402,688|At 31.10.20
£
-21,827|
|---|---|
||-21,827|
||Movement in
funds
£
-7,246|
||-7,246|
## 8 **TAXATION**
YTV London is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
Page 9