Charity Number 1159033
YTV LONDON
FINANCIAL STATEMENTS 31 OCTOBER 2021
YTV LONDON FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2021
| CONTENTS | PAGE |
|---|---|
| Trustees and professional advisers | 1 |
| Trustees Annual Report | 2 |
| Statement of Trustees responsibilities | 4 |
| Independent examiner report | 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 | |
| Accountants | |
| JS&CO Accountants Ltd | |
| 26 Theydon Road | |
| London E5 9NA |
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YTV LONDON
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 OCTOBER 2021
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 October 2021.
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.
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YTV LONDON
TRUSTEES ANNUAL REPORT (continued)
YEAR ENDED 31 OCTOBER 2021
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
9[th] Aug 2022
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YTV LONDON
STATEMENT OF TRUSTEES' RESPONSIBILITIES
YEAR ENDED 31 OCTOBER 2021
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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.
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
YTV LONDON
I report to the trustees on my examination of the financial statements of the YTV LONDON (‘the charity’) for the year ended 31 October 2021.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011(the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under Section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5) (b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
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:
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accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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
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.
Balazs Nezmi FCCA JS&CO Accountants Ltd 26 Theydon Road London E5 9NA 9th August 2022
This page does not form part of the statutory financial statements
Page 5
YTV LONDON
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 October 2021
| Notes INCOMING RESOURCES Incoming resources from generated funds 2 Voluntary Income Service 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 |
2021 £ 504,979 121,025 15,709 641,713 580,700 65,330 646,030 -4,317 -21,827 -26,144 |
2020 £ 388,330 7,112 395,442 357,334 45,354 |
|---|---|---|
| 402,688 -7,246 -14,581 |
||
| -21,827 |
The Notes form part of the financial statements
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YTV LONDON
| 2021 Notes £ £ CURRENT ASSETS: Cash at bank and in hand 24,996 24,996 CREDITORS: amounts falling due within one year 6 -1,140 Net Current assets/(liabilities) 23,856 NET CURRENT ASSETS: 23,856 CREDITORS: amounts falling -50,000 due after one year NET ASSETS -26,144 FUNDS 7 Unrestricted funds -26,144 TOTAL FUNDS -26,144 BALANCE SHEET 31-Oct-21 |
2020 £ £ 60,094 60,094 -31,921 28,173 28,173 -50,000 -21,827 -21,827 -21,827 |
2020 £ £ 60,094 60,094 -31,921 28,173 28,173 -50,000 -21,827 -21,827 -21,827 |
|---|---|---|
| 28,173 | ||
| -50,000 | ||
| -21,827 -21,827 |
||
| -21,827 |
Approved by the board of Trustees on: 9th August 2022 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 2021
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 Services provided Job retention scheme |
Unrestricted Funds Total Funds 2021 Total Funds 2020 £ £ £ 504,979 504,979 388,330 121,025 121,025 0 15,709 15,709 7,112 |
| 641,713 641,713 395,442 |
3 COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
| Fundraising costs Student Grants Providing and maintaining Study facilities Activities |
Unrestricted Funds Total Funds 2021 Total Funds 2020 £ £ £ 3,126 3,126 6,016 365,906 365,906 254,477 182,485 182,485 50,942 29,183 29,183 45,899 |
|---|---|
| 580,700 580,700 357,334 |
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 2021 Total Funds 2020 £ £ £ 3,126 3,126 6,016 365,906 365,906 254,477 182,485 182,485 50,942 29,183 29,183 45,899 |
|---|---|
| 580,700 580,700 357,334 |
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YTV LONDON
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2021
5 GOVERNANCE COSTS
| Accountancy Professional fees Insurance Office supplies Telephone Wages Bank charges |
Unrestricted Funds Total Funds 2021 £ £ 1,140 1,140 2,490 2,490 4,207 4,207 11,772 11,772 1,200 1,200 43,502 43,502 1,019 1,019 65,330 65,330 |
Total Funds 2020 £ 900 709 0 7,297 793 34,879 776 |
|---|---|---|
| 45,354 |
The average number of employees for the year were 6 (6 - 2020)
6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals loan |
2021 £ 1,140 0 1,140 |
2020 £ 900 31,021 |
|---|---|---|
| 31,921 |
7 MOVEMENTS IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS |
At 1.11.20 Net movement in funds £ £ -21,827 -4,317 -21,827 -4,317 |
At 31.10.21 £ -26,144 |
|---|---|---|
| -26,144 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources resources expended £ £ 641,713 646,030 641,713 646,030 |
Movement in funds £ -4,317 |
|---|---|---|
| -4,317 |
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.
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