**REGISTERED CHARITY NUMBER: 1159033** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 October 2024** **for** ## **YTV LONDON** London Accounting Group Ltd 5 North End Road London NW11 7RJ **YTV LONDON** **Contents of the Financial Statements for the Year Ended 31 October 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Cash Flow Statement**||6|| |**Notes to the Cash Flow Statement**||7|| |**Notes to the Financial Statements**|8|to|12| **YTV LONDON** **Report of the Trustees for the Year Ended 31 October 2024** The trustees present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** 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. ## **ACHIEVEMENT 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. ## **FINANCIAL REVIEW** ## **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. ## **FUTURE PLANS** The aim is to continue to provide support in the form of grants, for students engaged in Jewish Talmudic studies. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** 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. ## **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. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1159033 ## **Principal address** 23 St Kildas Road London N16 5BS ## **Trustees** O Low E Low J Friedman Page 1 **YTV LONDON** **Report of the Trustees for the Year Ended 31 October 2024** Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ J Friedman - Trustee Page 2 **Independent Examiner's Report to the Trustees of YTV LONDON** ## **Independent examiner's report to the trustees of YTV LONDON** I report to the charity trustees on my examination of the accounts of YTV LONDON (the Trust) for the year ended 31 October 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable 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. 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. Mr Samuel Feigenblatt FCCA London Accounting Group Ltd 5 North End Road London NW11 7RJ Date: ............................................. Page 3 **YTV LONDON** ## **Statement of Financial Activities for the Year Ended 31 October 2024** |||31.10.24|31.10.23| |---|---|---|---| |||Unrestricted|| |||fund|Total funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies|2|584,178|378,930| |**EXPENDITURE ON**|||| |Raising funds|3|18,011|18,418| |**Charitable activities**|4||| |Student grants||283,423|240,211| |Providing and maintaining study facilities||146,231|43,811| |Summer camp activities||38,116|19,290| |Other||84,751|81,341| |**Total**||570,532|403,071| |**NET INCOME/(EXPENDITURE)**||13,646|(24,141)| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||(43,053)|(18,912)| |**TOTAL FUNDS CARRIED FORWARD**||(29,407)|(43,053)| The notes form part of these financial statements Page 4 **YTV LONDON** ## **Balance Sheet 31 October 2024** |||31.10.24|31.10.23| |---|---|---|---| |||Unrestricted|| |||fund|Total funds| ||Notes|£|£| |**CURRENT ASSETS**|||| |Cash at bank||10,944|3,383| |**CREDITORS**|||| |Amounts falling due within one year|10|(2,212)|(6,230)| |**NET CURRENT ASSETS/(LIABILITIES)**||8,732|(2,847)| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||8,732|(2,847)| |**CREDITORS**|||| |Amounts falling due after more than one year|11|(38,139)|(40,206)| |**NET ASSETS/(LIABILITIES)**||(29,407)|(43,053)| |**FUNDS**|13||| |Unrestricted funds||(29,407)|(43,053)| |**TOTAL FUNDS**||(29,407)|(43,053)| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. J Friedman - Trustee The notes form part of these financial statements Page 5 **YTV LONDON** ## **Cash Flow Statement for the Year Ended 31 October 2024** |||31.10.24|31.10.23| |---|---|---|---| ||Notes|£|£| |**Cash flows from operating activities**|||| |Cash generated from operations|1|7,561|(24,428)| |Net cash provided by/(used in) operating activities||7,561|(24,428)| ||||| |**Change in cash and cash equivalents in**|||| |**the reporting period**||7,561|(24,428)| |**Cash and cash equivalents at the**|||| |**beginning of the reporting period**||3,383|27,811| |**Cash and cash equivalents at the end of**|||| |**the reporting period**||10,944|3,383| The notes form part of these financial statements Page 6 **YTV LONDON** ## **Notes to the Cash Flow Statement for the Year Ended 31 October 2024** |**1.**|**RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM**|**RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM**|| |---|---|---|---| ||**OPERATING ACTIVITIES**||| |||31.10.24|31.10.23| |||£|£| ||**Net income/(expenditure) for the reporting period (as per the**||| ||**Statement of Financial Activities)**|13,646|(24,141)| ||**Adjustments for:**||| ||Loan repayments|(2,067)|(5,354)| ||(Decrease)/increase in creditors|(4,018)|5,067| ||**Net cash provided by/(used in) operations**|7,561|(24,428)| |**2.**|**ANALYSIS OF CHANGES IN NET DEBT**||| |At
**Net cash**
Cash at bank
**Debt**
Debts falling due after 1 year
**Total**|1/11/23
Cash flow
At 31/10/24
£
£
£
3,383
7,561
10,944
3,383
7,561
10,944
(40,206)
2,067
(38,139)
(40,206)
2,067
(38,139)
(36,823)
9,628
(27,195)| |---|---| The notes form part of these financial statements Page 7 **YTV LONDON** **Notes to the Financial Statements for the Year Ended 31 October 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an 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. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**||| |---|---|---| ||31.10.24|31.10.23| ||£|£| |Donations|584,178|378,930| continued... Page 8 **YTV LONDON** **Notes to the Financial Statements - continued for the Year Ended 31 October 2024** ## **3. RAISING FUNDS** |**Raising donations and legacies**
31.10.24
£
Fundraising costs
18,011
**4.**
**CHARITABLE ACTIVITIES COSTS**
Student grants
Providing and maintaining study
facilities
Summer camp activities|31.10.23
£
18,418
Direct
Costs
£
283,423
146,231
38,116| |---|---| ||467,770| ## **5. SUPPORT COSTS** |**SUPPORT COSTS**||||| |---|---|---|---|---| ||||Governance|| ||Finance|Other|costs|Totals| ||£|£|£|£| |Other resources expended|1,960|80,265|2,526|84,751| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023. ## **7. STAFF COSTS** |**STAFF COSTS**||| |---|---|---| ||31.10.24|31.10.23| ||£|£| |Wages and salaries|63,323|60,068| ||63,323|60,068| |The average monthly number of employees during the year was as follows:||| ||31.10.24|31.10.23| |Employees|7|7| No employees received emoluments in excess of £60,000. continued... Page 9 **YTV LONDON** **Notes to the Financial Statements - continued for the Year Ended 31 October 2024** ## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|378,930| |**EXPENDITURE ON**|| |Raising funds|18,418| |**Charitable activities**|| |Student grants|240,211| |Providing and maintaining study facilities|43,811| |Summer camp activities|19,290| |Other|81,341| |**Total**|403,071| |**NET INCOME/(EXPENDITURE)**|(24,141)| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|(18,912)| |**TOTAL FUNDS CARRIED FORWARD**|(43,053)| ## **9. 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. ## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||31.10.24|31.10.23| |---|---|---| ||£|£| |Other creditors|2,212|6,230| continued... Page 10 **YTV LONDON** **Notes to the Financial Statements - continued for the Year Ended 31 October 2024** |**11.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE**|**THAN ONE YEAR**|**THAN ONE YEAR**|| |---|---|---|---|---| ||||31.10.24|31.10.23| ||||£|£| ||Bank loans (see note 12)||38,139|40,206| |**12.**|**LOANS**|||| ||An analysis of the maturity of loans is given below:|||| ||||31.10.24|31.10.23| ||||£|£| ||Amounts falling due in more than five years:|||| ||Repayable by instalments:|||| ||Bank loans more 5 yr by instal||38,139|40,206| |**13.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1/11/23|in funds|31/10/24| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|(43,053)|13,646|(29,407)| ||**TOTAL FUNDS**|(43,053)|13,646|(29,407)| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|584,178|(570,532)|13,646| ||**TOTAL FUNDS**|584,178|(570,532)|13,646| ||**Comparatives for movement in funds**|||| ||||Net|| ||||movement|At| |||At 1/11/22|in funds|31/10/23| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|(18,912)|(24,141)|(43,053)| ||**TOTAL FUNDS**|(18,912)|(24,141)|(43,053)| continued... Page 11 **YTV LONDON** **Notes to the Financial Statements - continued for the Year Ended 31 October 2024** ## **13. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|378,930|(403,071)|(24,141)| |**TOTAL FUNDS**|378,930|(403,071)|(24,141)| |A current year 12 months and prior year 12 months combined position is as follows:|||| |||Net|| |||movement|At| ||At 1/11/22|in funds|31/10/24| ||£|£|£| |**Unrestricted funds**|||| |General fund|(18,912)|(10,495)|(29,407)| |**TOTAL FUNDS**|(18,912)|(10,495)|(29,407)| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|963,108|(973,603)|(10,495)| ||**TOTAL FUNDS**|963,108|(973,603)|(10,495)| |**14.**|**RELATED PARTY DISCLOSURES**|||| There were no related party transactions for the year ended 31 October 2024. Page 12