2023-12-31-accounts

Charity registration number 1164566

YACHAD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

YACHAD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	S Sadie
	A Schonfield
	G Swimer
	J Lubner
	E Craven
	R Pinfold
	D Oppenheimer
	K Jay	(Appointed 4 October 2023)
Charity number	1164566
Principal address	Star House
	104-108 Grafton Road
	London
	NW5 4BA
Independent examiner	Sam Rogoff & Co Ltd
	3rd Floor
	Great Titchfield House
	14-18 Great Titchfield Street
	London
	W1W 8BD

YACHAD

CONTENTS

	Page
Trustees' report	1 - 5
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9 - 18

YACHAD

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report for Yachad - Reg No. 1164566 and financial statements for the year ended 31 December 2023. The charity is a CIO and its principal address is as follows:

Star House 104-108 Grafton Road London NW5 4BA

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019)

Objectives and activities

The trustees have had regard to the Charity Commission's guidance on public benefit.

The charity's objects are to advance education in the Israeli-Palestinian conflict for the benefit of the public through producing and/or distributing literature to enlighten others, running educational courses, staging lectures and debates and running public tours to Israel and the West Bank.

Yachad is established pursuant to its Constitution dated 26 November 2015 and is registered under the Charities Act 2011, charity number 1164566.

The charity commenced its activities on 1 January 2016. The charity's website can be found at yachad.org.uk.

• 1 -

YACHAD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Achievements and performance

Engaging and educating the community

Our education work remains key to our community engagement strategy - it enables us to recruit new supporters for our work and re-engage existing supporters. In our community’s most vibrant spaces, Yachad was everpresent in 2023. At the bustling Limmud Festival, our sessions with Breaking the Silence rights drew hundreds, while our sponsorship of "H2: The Occupation Lab" at the UK Jewish Film Festival brought the realities of Hebron to the big screen. Amidst January’s swearing-in of a new Israeli Knesset, Yachad led discussions on the new farright coalition at the Jewish Labour Movement conference, ensuring critical conversations about the conflict continue. We also held a series of events in the community with a number of key partners from the region, some of whom we flew over and others who we organised events with on zoom. This included:

• Events with leading Israeli human rights lawyer Michael Sfard who was able to explain to key supporters and donors the current situation with plans to overhaul the judiciary in Israel, as well as the impact of other Israeli government policies in relation to the Israel-Palestine conflict.

• Online events with:

• Jerusalem based organisation, Ir Amim, who dissected East Jerusalem's Flag Marches and settlement expansion

• Physicians for Human Rights who discussed the impact of the ongoing policy in Gaza prior to October 7th on the mental health of women

• The Association for Civil Rights in Israel who discussed the judicial overhaul threats to minorities and Palestinians

• In March 2023, we hosted veteran Israeli soldiers Avner Gvaryahu and Joel Carmel from Breaking the Silence, an organisation which seeks to educate the Israeli public and wider world about the impact of ongoing conflict of the lives of Palestinians. They were also able to explain why the planned judicial overhaul in Israel is so detrimental to questions of peace and security. Through meetings with youth movements and community leaders these soldiers' stories challenged perspectives and sparked crucial conversations about the conflict's human cost. Yachad empowers nuanced understanding, paving the way for a more just future.

• As a founding partner of Together for Humanity, a coalition of multi-faith and civil society organisations, Yachad spearheaded a national movement against rising antisemitism and anti-Muslim hatred, and in support of all innocent lives caught up in the conflict. Responding to a call of “no flags, no placards, just people,” thousands gathered at a Downing Street vigil to mourn those lost in the conflict and stand together in solidarity in support of a more peaceful future in the region. The impact of this work has reverberated across the country. Resources on www.togetherforhumanity.co.uk empowered community leaders nationwide to replicate these moments of unity, fostering a network of resistance against hate.

• Magen Inon, who tragically lost his parents in the October attacks, refuses to be silenced by hate. Instead, he has chosen to speak out for peace, and in November, Yachad was proud to amplify his powerful message. Magen's story resonated with a packed auditorium of supporters. His unwavering advocacy for peace and justice cuts through the noise of conflict, reminding us that even in the face of unthinkable tragedy, hope and dialogue can prevail. We are honoured that Magen is now working with Yachad – he sees us as a key vehicle for pushing for a better future in the aftermath of October 7th.

• 2 -

YACHAD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

• The Hamas attacks of October 7th ignited fears of widespread civil unrest between Jewish Israelis and Palestinians in Israel’s cities and created an environment in which speaking out in support of conflict resolution became extremely difficult. We helped bring Rula Daood and Uri Weltmann, both senior organisers of Standing Together to the UK to share their remarkable story of uniting communities across the divide. Since the Gaza conflict, Standing Together has empowered thousands of citizens to take action for solidarity and de-escalation. With Yachad's support, these inspiring activists secured crucial meetings community leaders and youth movements, inspiring them to remain committed to conflict resolution despite the many grave challenges.

Youth and student work

Our youth and student work continued apace in 2023. The events of October 7th and the subsequent war shifted our focus towards supporting students and young people to navigate and understand these difficult circumstances with our youth worker convening a number of sessions for students to process and understand the ensuing events. Over 40 students and members of youth movement participated in these sessions.

Prior to October 7th our youth and student work included:

• Empowering youth leaders : We trained over 100 leaders from Jewish youth movements, enabling them to educate their summer camp participants on the Israel-Palestine conflict. In Jerusalem, we engaged over 900 British Jewish teens from 6 youth movements and 21 Israel Tour groups, including for many, meeting with a Palestinian resident of east Jerusalem for the first time. We hosted 9 lunch meetings and training programs for youth movements, featuring Israeli civil society partners like Breaking the Silence, Ir Amim, and Standing Together.

• Engaging students : We connected with over 200 students in 2023, bringing diverse voices like Ir Amim and Standing Together to campuses and hosting a London conference. Our annual Israel-Palestine trip took 10 students to the region for five days to better understand the conflict.

• Yachad student fellowship : The Yachad fellowship programme, which covered such diverse topics as community organising, conflict-resolution, media training and British policy on Israel-Palestine, has had impact across our community. In 2023 we saw Fellows taking the reins of leadership, including senior roles at the Board of Deputies, youth movements, the Union of Jewish Students and Limmud. Equipped with knowledge, confidence, and connections, our 2023 cohort of 14 Yachad Fellows are shaping the Israel-Palestine discourse in student communities and beyond.

UK Parliamentary and public advocacy work

• In 2023 we have provided regular briefings to parliamentarians including with leading human rights lawyer Michael Sfard, Breaking the Silence CEO Avner Gvaryahu, grassroots Palestinian-Israeli movement Standing Together, as well as organising a meeting with peace advocate Magen Inon, who lost his parents on the 7th of October. Our partners met with key figures, including chairs of the Parliamentary Foreign Affairs Committee, Defence Committee and International Development Committee, the then shadow Middle East and Foreign Ministers and their teams, and key staff at the FCDO. They also engaged with large number of back bench MPs from all political parties. This crucial groundwork paves the way for a human rights-centred push for a political resolution to the conflict.

• Amidst the complexities and misinformation of war post October 7th, Yachad emerged as a beacon of reliable information for journalists and policymakers. Our team's tireless efforts included:

-Briefing shadow front bench cabinet members, MPs and Foreign Office officials for House of Commons debates, TV appearances, and more.

-A cross-party MP briefing featuring human rights lawyer, Michael Sfard, who shed light on the legal intricacies surrounding Israel's military actions in Gaza.

-Our Executive Director took the stage at a prestigious Chatham House event.

-Beyond closed-door briefings, Yachad's voice was heard across TV and radio. Regular interviews on the BBC, LBC and other media, amplified our call for peace and moderation, cutting through the war's fog and shaping a hopeful narrative. We also helped ensure that other moderate voices were heard in the media including MPs and peacemakers from the region

• 3 -

YACHAD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

One of the ways that the charity is able to assess its achievements against its objectives is through the amount of charitable income it receives. The greater the income the more it is able to deliver in respect of its charitable objectives.

The escalation of the conflict in the area has brought more attention to the relevant issues and as such donations have increased. Donations remain the source of funding for the charity.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake and are satisfied that the charity’s key achievements and performance reflect its objectives.

Financial review

The net movements in funds for the year amounted to £59,107.

During the year, Yachad raised funds for the general objectives of the charity.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The trustees intend to continue to administer the funds held in the furtherance of the objectives of the charity.

Reserves Policy

It is the policy of the charity that reserves between three- and six-month's expenditure should be held in the Yachad bank account. Furthermore, an additional sum of money, as agreed by the trustees, should be held in a reserves bank account and only be spent with the permission of the trustees. This is to ensure that should there be an unforeseen expense, the organisation will have adequate funds to cover it, without impacting on the dayto-day activities of the charity. The adequacy of the reserves is reviewed annually.

Reserves held at the year end total £114,403. Of that, £50,000 is restricted. It was agreed with the trustees that the remainder of these reserves would be used in 2024 to increase staffing capacity, enabling the charity to deliver more.

Structure, governance and management

The charity was recognised as a Charitable Incorporated Organisation in 2015.

The trustees who served during the year and up to the date of signature of the financial statements were: S Sadie

A Schonfield G Swimer J Lubner E Craven R Pinfold D Oppenheimer K Jay (Appointed 4 October 2023)

Where there is a requirement for new trustees, these would be identified and appointed by the remaining trustees. The chair of the trustees is responsible for the induction of any new trustee which involves awareness of a trustee's responsibilities, the history and the administrative procedures of the charity.

The trustees' report was approved by the Board of Trustees.

• 4 -

YACHAD

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

S Sadie

Trustee Dated: 15 October 2024

D Oppenheimer

Trustee Dated:15 October 2024

• 5 -

YACHAD

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YACHAD

I report to the trustees on my examination of the financial statements of Yachad (the charity) for the year ended 31 December 2023.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements 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 financial statements to be reached.

Emily Brown BSC(Hons) FCA Sam Rogoff & Co Ltd

3rd Floor Great Titchfield House 14-18 Great Titchfield Street London W1W 8BD

Date: 15th October 2024

• 6 -

YACHAD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted Restricted Total Unrestricted Restricted funds funds funds funds 2023 2023 2023 2022 2022 Notes £ £ £ £ £ Income from: Donations and legacies 3 359,831 51,218 411,049 224,177 5,000 Charitable activities 4 21,799 - 21,799 21,793 - Total income 381,630 51,218 432,848 245,970 5,000 Expenditure on: Raising funds 5 25,191 - 25,191 7,833 - Charitable activities 6 342,365 6,218 348,583 264,161 7,333 Total resources expended 367,556 6,218 373,774 271,994 7,333 Net income/(expenditure) for the year/ Net incoming/(outgoing) resources 14,074 45,000 59,074 (26,024) (2,333) Other recognised gains and losses Other gains or losses 12 33 - 33 - - Net movement in funds 14,107 45,000 59,107 (26,024) (2,333) Fund balances at 1 January 2023 50,296 5,000 55,296 76,320 7,333 Fund balances at 31 December 2023 64,403 50,000 114,403 50,296 5,000

Total 2022 £ 229,177 21,793 250,970 7,833 271,494 279,327 (28,357) - (28,357) 83,653 55,296

The statement of financial activities includes all gains and losses recognised in the year.

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

• 7 -

YACHAD

BALANCE SHEET

AS AT 31 DECEMBER 2023

Notes Fixed assets Tangible assets 13 Current assets Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Deferred income 17 Net assets excluding pension liability The funds of the charity Restricted income funds 19 Unrestricted funds	2023 £ 29,364 106,369 135,733 (13,257)	£ 6,927 122,476 129,403 (15,000) 114,403 50,000 64,403 114,403	2022 £ 33,724 25,082 58,806 (11,559)	£ 8,049 47,247
				55,296 -
				55,296
				5,000 50,296
				55,296

The financial statements were approved by the trustees on 15 October 2024

S Sadie D Oppenheimer Trustee Trustee

• 8 -

YACHAD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Yachad is a Charitable Incorporated Organisation.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees have considered a period of at least 12 months when assessing going concern. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Donated services and facilities are included at the value to the charity, where this can be quantified.

• 9 -

YACHAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Gift Aid receivable is included in income when there is a valid declaration and gifts from the donor. Any Gift Aid amount recovered on a donation is considered to be part of the gift and is treated as an addition to the same fund as the initial donation unless the donor or t he terms of the appeal have specified otherwise.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.6 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

• 10 -

YACHAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Contribution: £13,199

1.11 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/expenditure for the period.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

• 11 -

YACHAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

3 Donations and legacies

Unrestricted Restricted funds funds £ £ Donations and gifts 227,624 1,218 Gift Aid 13,207 - Grants 119,000 50,000 359,831 51,218 For the year ended 31 December 2022 224,177 5,000	Total 2023 £ 228,842 13,207 169,000 411,049	Total 2022 £ 141,859 12,318 75,000
		229,177
		229,177

4 Charitable activities

Programmes and Trips Programmes and Trips 2023 2022 £ £ Educational events 4,656 21,793 Management charge 17,143 - 21,799 21,793	Programmes and Trips Programmes and Trips 2023 2022 £ £ Educational events 4,656 21,793 Management charge 17,143 - 21,799 21,793	Programmes and Trips Programmes and Trips 2023 2022 £ £ Educational events 4,656 21,793 Management charge 17,143 - 21,799 21,793
	2023 £ 4,656 17,143 21,799	2022 £ 21,793 -
		21,793

5 Expenditure on raising funds

	Unrestricted	Unrestricted
	funds	funds
	2023	2022
	£	£
Fundraising and publicity
Fundraising events	24,720	7,174
Fundraising agents	192	435
Advertising	279	224
	25,191	7,833

• 12 -

YACHAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

6 Expenditure on charitable activities

			Charitable	Charitable
			Expenditure	Expenditure
			2023	2022
			£	£
	Direct costs
	Israel trips		6,522	25,247
	Educational events		37,059	26,321
			43,581	51,568
	Share of support and governance costs (see note 7)
	Support		277,840	199,430
	Governance		27,162	20,496
			348,583	271,494
	Analysis by fund
	Unrestricted funds		342,365	264,161
	Restricted funds		6,218	7,333
			348,583	271,494
7	Support costs allocated to activities
			2023	2022
			£	£
		Basis of allocation
	Staff costs	Support	245,901	166,790
	Depreciation	Support	2,309	2,681
	Travel & Subsistence	Support	3,096	6,060
	Printing, Postage & Stationery	Support	3,009	5,295
	Telephone	Support	301	323
	Subscriptions	Support	3,959	4,935
	Bank charges	Support	687	1,381
	Computer costs	Support	17,584	11,368
	Sundry costs	Support	994	597
	Governance costs		27,162	20,496
			305,002	219,926
	Analysed between:
	Charitable activities		305,002	219,926

• 13 -

YACHAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Support costs allocated to activities Governance costs comprise: Legal and professional Rent Insurance Accountancy 8 Net movement in funds The net movement in funds is stated after charging/(crediting): Depreciation of owned tangible fixed assets	(Continued) 2023 2022 £ £ 2,000 331 10,283 7,670 7,237 6,464 7,642 6,031 27,162 20,496 2023 2022 £ £ 2,309 2,681	(Continued) 2023 2022 £ £ 2,000 331 10,283 7,670 7,237 6,464 7,642 6,031 27,162 20,496 2023 2022 £ £ 2,309 2,681
		20,496
		2022 £ 2,681

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. No expenses were reimbursed to any trustee in the period.

10 Employees

Number of employees

The average monthly number of employees during the year was:

Fundraising Charitable activities Governance Employment costs Wages and salaries Social security costs Other pension costs	2023 Number 1 3 1 5 2023 £ 215,817 16,885 13,199 245,901	2022 Number 2 2 1
		5
		2022 £ 147,753 9,940 9,097
		166,790

There were no employees whose annual remuneration was £60,000 or more.

• 14 -

YACHAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Other gains and losses

	Unrestricted	Unrestricted
	funds	funds
	2023	2022
Gains/(losses) upon:	£	£
Foreign exchange	(33)	-
Tangible fixed assets
		Fixtures and
		fittings
		£
Cost
At 1 January 2023		15,845
Additions		1,187
At 31 December 2023		17,032
Depreciation and impairment
At 1 January 2023		7,796
Depreciation charged in the year		2,309
At 31 December 2023		10,105
Carrying amount
At 31 December 2023		6,927
At 31 December 2022		8,049

13 Tangible fixed assets

14 Debtors

Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income	2023 £ 886 22,836 5,642 29,364	2022 £ 8,633 17,105 7,986
		33,724

15 Independent Examination

Governance costs include an Independent Examination fee totalling £3,360.

• 15 -

YACHAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

16 Creditors: amounts falling due within one year Other taxation and social security Accruals and deferred income 17 Deferred income Other deferred income Deferred income is included in the financial statements as follows: Deferred income is included within: Shown as deferred income on the face of the balance sheet Movements in the year: Deferred income at 1 January 2023 Resources deferred in the year Deferred income at 31 December 2023	2023 £ 5,608 7,649 13,257 2023 £ 15,000	2022 £ 4,726 6,833
		11,559
		2022 £ -
	2023 £ 15,000 - 15,000 15,000	2022 £ -
		- -
		-

18 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At	1	January	Incoming	Resources	At 31
		2023	resources	expended	December
					2023
		£	£	£	£
		5,000	51,218	(6,218)	50,000

• 16 -

YACHAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

19	Restricted funds				(Continued)
	Previous year:	At 1 January	Incoming	Resources	At 31
		2022	resources	expended	December
					2022
		£	£	£	£
		7,333	5,000	(7,333)	5,000

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1 January	At 1 January	Incoming	Resources	Gains and	At 31
		2023	resources	expended	losses	December
						2023
		£	£	£	£	£
General funds		50,296	381,630	(367,556)	33	64,403
Previous year:	At 1 January		Incoming	Resources	Gains and	At 31
		2022	resources	expended	losses	December
						2022
		£	£	£	£	£
General funds		76,320	245,970	(271,994)	-	50,296
Analysis of net assets between	funds
				Unrestricted	Restricted	Total
				funds	funds
				2023	2023	2023
				£	£	£
At 31 December 2023:
Tangible assets				6,927	-	6,927
Current assets/(liabilities)				57,476	65,000	122,476
Provisions and deferred income				-	(15,000)	(15,000)
				64,403	50,000	114,403

21 Analysis of net assets between funds

• 17 -

YACHAD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

21 Analysis of net assets between funds

Analysis of net assets between funds			(Continued)
	Unrestricted	Restricted	Total
	funds	funds
	2022	2022	2022
	£	£	£
At 31 December 2022:
Tangible assets	8,049	-	8,049
Current assets/(liabilities)	42,247	5,000	47,247
	50,296	5,000	55,296
Related party transactions
The remuneration of key management personnel is as follows:
		2021	2022
		£	£
Aggregate compensation		53,399	52,425

22 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

£13,532 was owed from Yachad Ltd as at 31st December (2022: £17,105).

• 18 -

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Document ID ca24f02e-39d5-4449-9052-340c3d9b71e3 Document Bundle ID fbfb0000-4894-0022-6207-08dced1e3d7b Uploaded to FuseSign 2024-10-18 08:42 +01:00 FuseSign subscriber Sam Rogoff & Co Ltd Initiator email [e-mail] Signed by Daniel Oppenheimer ([e-mail]), Simon Sadie ([e-mail]), Emily Brown ([e-mail]) System finalisation 2024-10-18 14:29 +01:00 Verify URL https://app.fuse.work/fusesign/verify/ca24f02e-39d5-4449-9052-340c3d9b71e3

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Name Daniel Oppenheimer Email [e-mail] Mobile N/A IP Address/es Signed on Pages 8, 11 Verification Mode Email Code Signer 2 Name Simon Sadie Email [e-mail] Mobile N/A IP Address/es Signed on Pages 8, 11 Verification Mode Email Code Signer 3 Name Emily Brown Email [e-mail] Mobile N/A IP Address/es Signed on Pages 9 Verification Mode Email Code

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DOCUMENT AUDIT LOG

DATE TIME	USER	TRANSACTION
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		9244-A2B7-08DCEF487111)
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