REGISTERED CHARITY NUMBER: 1159033
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2025
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 2025
| 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 | 13 |
YTV LONDON
Report of the Trustees for the Year Ended 31 October 2025
The trustees present their report with the financial statements of the charity for the year ended 31 October 2025. 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.
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.
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 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
London Accounting Group Ltd 5 North End Road London NW11 7RJ
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 2025.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 2025
| 31.10.25 | 31.10.24 | ||
|---|---|---|---|
| Unrestricted | |||
| fund | Total funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 2 | 569,735 | 584,178 |
| Investment income | 3 | 31,650 | - |
| Total | 601,385 | 584,178 | |
| EXPENDITURE ON | |||
| Raising funds | 4 | 5,200 | 18,011 |
| Charitable activities | 5 | ||
| Student grants | 241,754 | 283,423 | |
| Providing and maintaining study facilities | 187,374 | 146,231 | |
| Summer camp activities | 20,715 | 38,116 | |
| Other | 81,705 | 84,751 | |
| Total | 536,748 | 570,532 | |
| NET INCOME | 64,637 | 13,646 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (29,407) | (43,053) | |
| TOTAL FUNDS CARRIED FORWARD | 35,230 | (29,407) |
The notes form part of these financial statements
Page 4
YTV LONDON
Balance Sheet 31 October 2025
| 31.10.25 | 31.10.24 | ||
|---|---|---|---|
| Unrestricted | |||
| fund | Total funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 11 | 70,259 | - |
| Cash at bank | 10,616 | 10,944 | |
| 80,875 | 10,944 | ||
| CREDITORS | |||
| Amounts falling due within one year | 12 | (11,613) | (2,212) |
| NET CURRENT ASSETS | 69,262 | 8,732 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 69,262 | 8,732 | |
| CREDITORS | |||
| Amounts falling due after more than one year | 13 | (34,032) | (38,139) |
| NET ASSETS | 35,230 | (29,407) | |
| FUNDS | 15 | ||
| Unrestricted funds | 35,230 | (29,407) | |
| TOTAL FUNDS | 35,230 | (29,407) |
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 2025
| 31.10.25 | 31.10.24 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 3,776 | 7,561 |
| Net cash provided by operating activities | 3,776 | 7,561 | |
| Cash flows from investing activities | |||
| Interest received | 3 | - | |
| Net cash provided by investing activities | 3 | - | |
| Cash flows from financing activities | |||
| Loan repayments in year | (4,107) | - | |
| Net cash (used in)/provided by financing activities | (4,107) | - | |
| Change in cash and cash equivalents in | |||
| the reporting period | (328) | 7,561 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 10,944 | 3,383 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 10,616 | 10,944 |
The notes form part of these financial statements
Page 6
YTV LONDON
Notes to the Cash Flow Statement for the Year Ended 31 October 2025
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| 31.10.25 | 31.10.24 | |
|---|---|---|
| £ | £ | |
| Net income for the reporting period (as per the Statement of Financial | ||
| Activities) | 64,637 | 13,646 |
| Adjustments for: | ||
| Interest received | (3) | - |
| Loan repayments | - | (2,067) |
| Increase in debtors | (70,259) | - |
| Increase/(decrease) in creditors | 9,401 | (4,018) |
| Net cash provided by operations | 3,776 | 7,561 |
2. ANALYSIS OF CHANGES IN NET DEBT
| At Net cash Cash at bank Debt Debts falling due after 1 year Total |
1/11/24 Cash flow At 31/10/25 £ £ £ 10,944 (328) 10,616 10,944 (328) 10,616 (38,139) 4,107 (34,032) (38,139) 4,107 (34,032) (27,195) 3,779 (23,416) |
|---|---|
The notes form part of these financial statements
Page 7
YTV LONDON Notes to the Financial Statements for the Year Ended 31 October 2025
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 3. INVESTMENT INCOME Rents received Deposit account interest |
31.10.25 £ 569,735 31.10.25 £ 31,647 3 31,650 |
31.10.24 £ 584,178 |
31.10.24 £ 584,178 |
|---|---|---|---|
| 31.10.24 £ - - - |
|||
| - |
continued...
Page 8
YTV LONDON
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
4. RAISING FUNDS
| Raising donations and legacies 31.10.25 £ Fundraising costs 5,200 CHARITABLE ACTIVITIES COSTS Student grants Providing and maintaining study facilities Summer camp activities |
31.10.24 £ 18,011 Direct Costs £ 241,754 187,374 20,715 |
|---|---|
| 449,843 |
5. CHARITABLE ACTIVITIES COSTS
6. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Finance | Other | costs | Totals | |
| £ | £ | £ | £ | |
| Other resources expended | 2,022 | 77,947 | 1,736 | 81,705 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024.
8. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.10.25 | 31.10.24 | |
| £ | £ | |
| Wages and salaries | 62,185 | 63,323 |
| 62,185 | 63,323 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.10.25 | 31.10.24 | |
| 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 2025
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 584,178 |
| EXPENDITURE ON | |
| Raising funds | 18,011 |
| Charitable activities | |
| Student grants | 283,423 |
| Providing and maintaining study facilities | 146,231 |
| Summer camp activities | 38,116 |
| Other | 84,751 |
| Total | 570,532 |
| NET INCOME | 13,646 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | (43,053) |
| TOTAL FUNDS CARRIED FORWARD | (29,407) |
10. 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.
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.10.25 | 31.10.24 | |
|---|---|---|
| £ | £ | |
| Other debtors | 10,676 | - |
| Prepayments | 59,583 | - |
| 70,259 | - |
continued...
Page 10
YTV LONDON
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 31.10.25 | 31.10.24 | ||||
| £ | £ | ||||
| Other creditors | 11,613 | 2,212 | |||
| 13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | |||
| 31.10.25 | 31.10.24 | ||||
| £ | £ | ||||
| Bank loans (see note 14) | 34,032 | 38,139 | |||
| 14. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 31.10.25 | 31.10.24 | ||||
| £ | £ | ||||
| Amounts falling due in more than five years: | |||||
| Repayable by instalments: | |||||
| Bank loans more 5 yr by instal | 34,032 | 38,139 | |||
| 15. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1/11/24 | in funds | 31/10/25 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | (29,407) | 64,637 | 35,230 | ||
| TOTAL FUNDS | (29,407) | 64,637 | 35,230 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 601,385 | (536,748) | 64,637 | ||
| TOTAL FUNDS | 601,385 | (536,748) | 64,637 |
continued...
Page 11
YTV LONDON
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1/11/23 in funds 31/10/24 £ £ £ (43,053) 13,646 (29,407) (43,053) 13,646 (29,407) |
|---|---|
Comparative 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 |
A current year 12 months and prior year 12 months combined position is as follows:
| At Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1/11/23 in funds 31/10/25 £ £ £ (43,053) 78,283 35,230 (43,053) 78,283 35,230 |
Net movement At 1/11/23 in funds 31/10/25 £ £ £ (43,053) 78,283 35,230 (43,053) 78,283 35,230 |
|---|---|---|
| 35,230 |
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 | 1,185,563 | (1,107,280 ) | 78,283 |
| TOTAL FUNDS | 1,185,563 | (1,107,280 ) | 78,283 |
continued...
Page 12
YTV LONDON
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
16. RELATED PARTY DISCLOSURES
In addition to the matters set out elsewhere in these Financial Statements, the following related party transactions should be noted.
Donations received :
Donations received by the charity include the following amounts which were received from companies whose Directors are also Trustees of YTV London, as follows:
| 2025 | |
|---|---|
| Boroughlea Ltd | 17,150 |
| Lexton Investments Limited | 10,000 |
| Durglast Ltd | 5,000 |
| Mayheights Ltd | 18,000 |
| Up N Away | 10,000 |
Page 13