REGISTERED COMPANY NUMBER: 11750145 (England and Wales) REGISTERED CHARITY NUMBER: 1182784
Report of the Trustees and
Unaudited Financial Statements
for the Period 1 February 2021 to 31 December 2021
for
Yitav Ltd
Martin+Heller 5 North End Road London NW11 7RJ
Yitav Ltd
Contents of the Financial Statements for the Period 1 February 2021 to 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 7 |
Yitav Ltd
Report of the Trustees for the Period 1 February 2021 to 31 December 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 February 2021 to 31 December 2021. 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
The charity was formed for the advancement of religion in accordance with the orthodox Jewish faith for the public benefit in particular but not exclusively.
Public benefit
The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.
Grantmaking
Grants are made to charitable institutions and organisations which accord with objects of the Charity.
Volunteers
During the period, the charity did not have any volunteers to help with the objective of the Charity.
ACHIEVEMENT AND PERFORMANCE
During the year the charity raised substantial funds, and has applied a majority of the funds in grants in furtherance of its objectives.
FINANCIAL REVIEW
The trustees are satisfied with the results for the year and the charity has surplus reserves. The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity.
FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
11750145 (England and Wales)
Registered Charity number
1182784
Registered office
Jaylow House Argall Avenue London E10 7FD
Page 1
Yitav Ltd
Report of the Trustees for the Period 1 February 2021 to 31 December 2021
Trustees
Y Lobenstein Director A Lobenstein Director J Lobenstein Manager
Company Secretary
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
Y Lobenstein - Trustee
Page 2
Yitav Ltd
Statement of Financial Activities for the Period 1 February 2021 to 31 December 2021
| Period | |||
|---|---|---|---|
| 1/2/21 | |||
| to | Year Ended | ||
| 31/12/21 | 31/1/21 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 29,854 | 11,760 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Grants to Institutions | 32,596 | 9,727 | |
| Other | 995 | 960 | |
| Total | 33,591 | 10,687 | |
| NET INCOME/(EXPENDITURE) | (3,737) | 1,073 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 4,584 | 3,511 | |
| TOTAL FUNDS CARRIED FORWARD | 847 | 4,584 |
The notes form part of these financial statements
Page 3
Yitav Ltd
Balance Sheet 31 December 2021
| 31.12.21 | 31.1.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 1,807 | 5,544 | |
| CREDITORS | |||
| Amounts falling due within one year | 4 | (960) | (960) |
| NET CURRENT ASSETS | 847 | 4,584 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 847 | 4,584 | |
| NET ASSETS | 847 | 4,584 | |
| FUNDS | 5 | ||
| Unrestricted funds | 847 | 4,584 | |
| TOTAL FUNDS | 847 | 4,584 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
Y Lobenstein - Trustee
The notes form part of these financial statements
Page 4
Yitav Ltd
Notes to the Financial Statements for the Period 1 February 2021 to 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from corporation 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. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 December 2021 nor for the year ended 31 January 2021.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 December 2021 nor for the year ended 31 January 2021.
Page 5
continued...
Yitav Ltd Notes to the Financial Statements - continued for the Period 1 February 2021 to 31 December 2021
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||||
|---|---|---|---|---|---|
| fund | |||||
| £ | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 11,760 | ||||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Grants to Institutions | 9,727 | ||||
| Other | 960 | ||||
| Total | 10,687 | ||||
| NET INCOME | 1,073 | ||||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 3,511 | ||||
| TOTAL FUNDS CARRIED FORWARD | 4,584 | ||||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 31.12.21 | 31.1.21 | ||||
| £ | £ | ||||
| Accrued expenses | 960 | 960 | |||
| 5. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1/2/21 | in funds | 31/12/21 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 4,584 | (3,737) | 847 | ||
| TOTAL FUNDS | 4,584 | (3,737) | 847 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 29,854 | (33,591) | (3,737) | ||
| TOTAL FUNDS | 29,854 | (33,591) | (3,737) |
Page 6
continued...
Yitav Ltd
Notes to the Financial Statements - continued for the Period 1 February 2021 to 31 December 2021
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1/2/20 | in funds | 31/1/21 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 3,511 |
1,073 | 4,584 |
| TOTAL FUNDS 3,511 |
1,073 | 4,584 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 11,760 |
(10,687) | 1,073 |
| TOTAL FUNDS 11,760 |
(10,687) | 1,073 |
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 December 2021.
Page 7