``` REGISTERED COMPANY NUMBER: 11705200 (England and Wales) REGISTERED CHARITY NUMBER: 1189564 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020 ``` ``` FOR ``` ``` ATERES BEIS YAAKOV LIMITED ``` ``` Michael Pasha & Co Chartered Accountants 220 The Vale Golders Green London NW11 8SR ``` ``` ATERES BEIS YAAKOV LIMITED ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020`** |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`2`| |**`Independent Examiner's Report`**||`3`|| |**`Statement of Financial Activities`**||`4`|| |**`Balance Sheet`**||`5`|| |**`Notes to the Financial Statements`**|`6`|`to`|`9`| ``` ATERES BEIS YAAKOV LIMITED (REGISTERED NUMBER: 11705200) ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2020`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with thefinancialstatementsofthecharityfortheyearended30November2020.Thetrusteeshaveadoptedthe provisions ofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` The charitable objects are: ``` ``` i) The advancement of Orthodox Jewish religious education and education in general primarily but not exclusively by establishing, maintaining and managing a nursery for Jewish girls in the North West London area. ``` ``` ii) The advancement of such other objects as are for the benefit of the public and are charitable according to English law. ``` ## **`Public benefit`** ``` ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. ``` ## **`FUTURE PLANS`** ``` Thetrusteesintendtoexpandthenurseryintoaprimaryschoolinthecomingyearsinordertogivethechildrenof the community the highest standard of education. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by guarantee, as defined by the Companies Act 2006. ``` ## **`Risk management`** ``` Thetrusteeshaveconsideredthemajorrisksfacedbythecharityandtheyhavetakenappropriatestepstomitigate any risks that have been identified. ``` ``` ThetrusteeshavecontinuedtomonitorgovernmentguidelineregardingCovid-19andhaveactedinaccordance with those guidelines. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Registered Company number`** ``` 11705200 (England and Wales) ``` ## **`Registered Charity number`** ``` 1189564 ``` ## **`Registered office`** ``` First Floor, Winston House 349 Regents Park Road London N3 1DH ``` ## **`Trustees`** ``` Mr A Y Melinek Mr M Bordon (appointed 1.12.19) ``` ## **`Independent Examiner`** ``` Michael Pasha & Co Chartered Accountants 220 The Vale Golders Green London NW11 8SR ``` ``` Approved by order of the board of trustees on 31 August 2021 and signed on its behalf by: ``` ``` Page 1 ``` ``` ATERES BEIS YAAKOV LIMITED (REGISTERED NUMBER: 11705200) ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2020`** ``` Mr A Y Melinek - Trustee ``` ``` Page 2 ``` ``` INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ``` ``` ATERES BEIS YAAKOV LIMITED ``` ## **`Independent examiner's report to the trustees of Ateres Beis Yaakov Limited ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 30 November 2020. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsas carried outundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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` `4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Michael Weissbraun, FCA Michael Pasha & Co Chartered Accountants 220 The Vale Golders Green London NW11 8SR ``` ``` 31 August 2021 ``` ``` Page 3 ``` ``` ATERES BEIS YAAKOV LIMITED ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2020`** ||||`Period`| |---|---|---|---| ||||`30.11.18`| |||**`Year Ended`**|`to`| |||**`30.11.20`**|`30.11.19`| |||**`Unrestricted`**|`Total`| |||**`fund`**|`funds`| ||`Notes`|**`£`**|`£`| |**`INCOME AND ENDOWMENTS FROM`**|||| |`Donations and legacies`||**`206,191`**|`36,451`| |**`EXPENDITURE ON`**|||| |**`Charitable activities`**|||| |`Charitable activities`||**`209,784`**|`73,434`| |**`NET INCOME/(EXPENDITURE)`**||**`(3,593)`**|`(36,983)`| |**`RECONCILIATION OF FUNDS`**|||| |**`Total funds brought forward`**||**`(36,983)`**|`-`| |**`TOTAL FUNDS CARRIED FORWARD`**||**`(40,576)`**|`(36,983)`| ``` The notes form part of these financial statements ``` ``` Page 4 ``` ``` ATERES BEIS YAAKOV LIMITED (REGISTERED NUMBER: 11705200) ``` ## **`BALANCE SHEET 30 NOVEMBER 2020`** |**`2020`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`FIXED ASSETS`**
`Tangible assets`
`6`
**`4,290`**
**`CURRENT ASSETS`**
`Debtors`
`7`
**`12,394`**
`Cash at bank`
**`2,400`**
**`14,794`**
**`CREDITORS`**
`Amounts falling due within one year`
`8`
**`(45,035)`**
**`NET CURRENT ASSETS/(LIABILITIES)`**
**`(30,241)`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`(25,951)`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`9`
**`(14,625)`**
**`NET ASSETS/(LIABILITIES)`**
**`(40,576)`**
**`FUNDS`**
`Unrestricted funds`
**`(40,576)`**
**`TOTAL FUNDS`**
**`(40,576)`**|`2019`
`Total`
`funds`
`£`
`1,010`
`18,301`
`42`
`18,343`
`(56,336)`
`(37,993)`
`(36,983)`
`-`
`(36,983)`
`(36,983)`
`(36,983)`| |---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year ended 30 November 2020. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 30 November 2020 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.` ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon31August2021and were signed on its behalf by: ``` ``` Mr A Y Melinek - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 5 ``` ``` ATERES BEIS YAAKOV LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies Act 2006. The financial statements have been prepared under the historical cost convention. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of resources. ``` ``` Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment but not accrued as expenditure. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful life. ``` ``` Fixtures and fittings- 33% on cost Computer equipment- 33% on cost ``` ## **`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. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. 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. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ``` ## **`Legal status of the charity`** ``` Thecharityisacompanylimitedbyguaranteeandhasnosharecapital.Liabilityofeachmemberintheevent of winding-up is limited to £1. ``` ``` continued... ``` ``` Page 6 ``` ``` ATERES BEIS YAAKOV LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2020`** ## **`2. NET INCOME/(EXPENDITURE)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` |||`Period`| |---|---|---| |||`30.11.18`| ||**`Year Ended`**|`to`| ||**`30.11.20`**|`30.11.19`| ||**`£`**|`£`| |`Depreciation - owned assets`|**`2,397`**|`505`| ## **`3. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended30November2020norforthe period ended 30 November 2019. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended30November2020norfortheperiod ended 30 November 2019. ``` ## **`4. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` |||`Period`| |---|---|---| |||`30.11.18`| ||**`Year Ended`**|`to`| ||**`30.11.20`**|`30.11.19`| |`Employees`|**`7`**|`5`| |`No employees received emoluments in excess of £60,000.`||| ## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** ||`Unrestricted`| |---|---| ||`fund`| ||`£`| |**`INCOME AND ENDOWMENTS FROM`**|| |`Donations and legacies`|`36,451`| |**`EXPENDITURE ON`**|| |**`Charitable activities`**|| |`Charitable activities`|`73,434`| |**`NET INCOME/(EXPENDITURE)`**|`(36,983)`| |**`TOTAL FUNDS CARRIED FORWARD`**|`(36,983)`| ``` continued... ``` ``` Page 7 ``` ``` ATERES BEIS YAAKOV LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2020`** ## **`6. TANGIBLE FIXED ASSETS`** |`Fixtures`
`and`
`fittings`
`£`
**`COST`**
`At 1 December 2019`
**`609`**
`Additions`
**`3,340`**
`At 30 November 2020`
**`3,949`**
**`DEPRECIATION`**
`At 1 December 2019`
**`203`**
`Charge for year`
**`1,316`**
`At 30 November 2020`
**`1,519`**
**`NET BOOK VALUE`**
`At 30 November 2020`
**`2,430`**
`At 30 November 2019`
`406`
**`7.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`
`Prepayments and accrued income`
**`8.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Social security and other taxes`
`Pensions`
`Other creditors`
`Net wages`|`Computer`
`equipment`
`£`
**`906`**
**`2,337`**
**`3,243`**
**`302`**
**`1,081`**
**`1,383`**
**`1,860`**
`604`
**`2020`**
**`£`**
**`3,925`**
**`4,794`**
**`3,675`**
**`12,394`**
**`2020`**
**`£`**
**`12,181`**
**`-`**
**`119`**
**`32,677`**
**`58`**
**`45,035`**|`Totals`
`£`
**`1,515`**
**`5,677`**
**`7,192`**
**`505`**
**`2,397`**
**`2,902`**
**`4,290`**
`1,010`
`2019`
`£`
`3,025`
`4,750`
`10,526`| |---|---|---| |||`18,301`| |||`2019`
`£`
`11,918`
`581`
`-`
`43,837`
`-`| |||`56,336`| ``` continued... ``` ``` Page 8 ``` ``` ATERES BEIS YAAKOV LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2020`** ## **`9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`** |**`9.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**||| |---|---|---| |`Bank loans (see note 10)`
**`10.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling between one and two years:`
`Bank loans - 1-2 years`|**`2020`**
**`£`**
**`14,625`**
**`2020`**
**`£`**
**`14,625`**|`2019`
`£`
`-`| |||`2019`
`£`
`-`| ## **`11. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 30 November 2020. ``` ``` Page 9 ```