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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 242075

THE FRIENDS OF THE BOBOVER YESHIVA

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

THE FRIENDS OF THE BOBOVER YESHIVA

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 18

THE FRIENDS OF THE BOBOVER YESHIVA

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021

TRUSTEES

N Wachsman (resigned 20.7.21) L Rottenberg Rabbi B Z Blum S Blau (appointed 20.7.21)

PRINCIPAL ADDRESS

87 Egerton Road London N16 6UE

REGISTERED CHARITY NUMBER 242075

INDEPENDENT AUDITORS Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

BANKERS

HSBC Bank plc 312 Seven Sisters Road Finsbury Park London N4 2AW

Page 1

THE FRIENDS OF THE BOBOVER YESHIVA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report with the financial statements of the charity for the year ended 31 March 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).

Reference and administrative information

Reference and administrative information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objects and aims public benefit

The objects of the charity are the advancement of the Jewish religion in accordance with Orthodox Jewish tenets and provision of facilities for study of Jewish faith and the relief of poverty.

In this context the trustees runs a school, college and library in Stamford Hill. Many of those attending the school and college are underprivileged. Fees are charged but those in financial hardship are given an allowance or are fully funded, according to circumstances. No child is refused education because of an inability to pay.

The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

There are at present 230 children between 2 and 13 in attendance, many of whom are socially and economically under privileged.

Assistance is given, where possible, with the cost of those wishing to study at Higher Rabbinical Colleges under the auspices of the Grand Rabbi of Bobov.

Covid-19

The Trustees regret that due to the effect of the Covid-19 pandemic, many extra-curricular activities had to be curtailed.

The Charity ensured provision of food for students at their homes even though they had been unable to attend school. Additionally,the charity carried out grantmaking to assist those suffering financial hardship in light of the pandemic.

FINANCIAL REVIEW

Review of the year

Financial review

The charity's main income is from donations and grants, income was materially the same as last year. The Charity was in receipt of grants under the Coronavirus Job Retention Scheme which assisted in paying furloughed employees. Fees were received and Egerton Community Nursery Limited, an organization under the auspices of the Grand Rabbi of Bobov, who share premises with the Friends of the Bobover Yeshiva and from whom they receive meals and other services, made contributions to the charity's costs. Charitable expenditure was marginally lower than last year. The charity was left with a net surplus of £44,468 for the year (2020 - £31,568).

Reserves policy

The charity does not have a specific reserves policy. The income received is distributed and utilized on an 'as and when basis'. Should funds become short there are a number of generous donors in the community who can be approached for donations or loans to cover immediate contingencies such as wages, utility payments etc. Reserves at the year end stood at £522,359 (2020 - £477,891).

Page 2

THE FRIENDS OF THE BOBOVER YESHIVA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FUTURE PLANS

The trustees anticipate that the charity will continue on a similar basis in the foreseeable future. The outbreak of Covid-19 has presented risks which are beyond the control of the charity and represents uncertainty with regard to revenue which cannot presently be quantified.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The charity is constituted by Deed of Trust dated 31 March 1965.

Organisational structure

The power to appoint new trustees is vested in the continuing board. New trustees are appointed based on personal competence, specialist skills and experience and are given, in the view of the board, sufficient training to understand the nature of the charity and be able to comply with the charity's current views. They are also encouraged to read the Charity Commission's various publications on the role of a trustee.

The trustees delegate the day to day running of the school to the school's administrators.

Risk review

The charity has identified and assessed the major risks to which it is exposed, in particular those of safety and protection of the vulnerable young adults whilst in the Charity's care as well as the finances of the charity. The charity is satisfied that systems are in place and routinely assessed including procedures for Child Protection and Health and Safety.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 27 January 2022 and signed on its behalf by:

S Blau - Trustee

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE FRIENDS OF THE BOBOVER YESHIVA

Opinion

We have audited the financial statements of The Friends of the Bobover Yeshiva (the 'charity') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE FRIENDS OF THE BOBOVER YESHIVA

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory frameworks that are applicable to the Charity, and determined that the most relevant to the presentation of the financial statements are those that relate to the reporting legislation (Charities SORP, the Charities Act 2011 and the Companies Act 2006), the relevant tax regulations in the United Kingdom, the UK General Data Protection Regulation (GDPR) and Health & Safety Regulations.

We understood how the Charity is complying with those frameworks through discussion with the trustees, and by identifying the Charity's policies and procedures regarding compliance with laws and regulations. We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations. We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE FRIENDS OF THE BOBOVER YESHIVA

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

27 January 2022

Page 6

THE FRIENDS OF THE BOBOVER YESHIVA

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Charitable activities
Investment income
3
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Charitable activities
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
481,467
423,159
3
904,629
8,813
851,348
860,161
44,468
477,891
522,359		 Restricted
fund
£
231,732
124,613
-
356,345
-
356,345
356,345
-
-
-		 2021
Total
funds
£
713,199
547,772
3
1,260,974
8,813
1,207,693
1,216,506
44,468
477,891
522,359		 2020
Total
funds
£
740,189
533,277
-
1,273,466
13,874
1,228,024
1,241,898
31,568
446,323
477,891

The notes form part of these financial statements

Page 7

THE FRIENDS OF THE BOBOVER YESHIVA

BALANCE SHEET 31 MARCH 2021

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
18
Unrestricted funds
TOTAL FUNDS		 2021
£
590,413
38,050
156,500
194,550
(216,604)
(22,054)
568,359
(46,000)
522,359
522,359
522,359		 2020
£
585,010
22,102
96,620
118,722
(179,841)
(61,119)
523,891
(46,000)
477,891
477,891
477,891

The financial statements were approved by the Board of Trustees and authorised for issue on 27 January 2022 and were signed on its behalf by:

S Blau - Trustee

The notes form part of these financial statements

Page 8

THE FRIENDS OF THE BOBOVER YESHIVA

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
Cash flows from financing activities
New loans in year
Net cash provided by financing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2021
£
18,503
18,503
(8,626)
3
(8,623)
50,000
50,000
59,880
96,620
156,500		 2020
£
60,716
60,716
-
-
-
-
-
60,716
35,904
96,620

The notes form part of these financial statements

Page 9

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 44,468 31,568
Adjustments for:
Depreciation charges 3,223 1,263
Interest received (3) -
(Increase)/decrease in debtors (15,948) 36,186
Decrease in creditors (13,237) (8,301)
Net cash provided by operations 18,503 60,716
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.20 Cash flow At 31.3.21
£ £ £
Net cash
Cash at bank and in hand 96,620 59,880 156,500
96,620 59,880 156,500
Debt
Debts falling due within 1 year - (50,000) (50,000)
- (50,000) (50,000)
Total 96,620 9,880 106,500

The notes form part of these financial statements

Page 10

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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.

Donations

Income received by way of donations is accounted for when received.

Grants

Grants, including grants for the purchase of fixed assets, are recognised in full in the year in which they are receivable.

Charitable activities

Income from charitable activities is accounted in the year in which it is receivable.

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 irrecoverable irrecoverable VAT.

Raising funds are the costs of generating income and do not include the costs of disseminating information in support of the charitable activities.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 10% on reducing balance Fixtures and fittings - 25% on reducing balance Office equipment - 25% on reducing balance

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.

Page 11

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

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.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going concern

There are no material uncertainties about the charity's ability to continue.

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Donations & Voluntary Income
Government Grants
Grant making trusts
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Fees received
Charitable activities
Contributions to services
Charitable activities
Restricted Income
Charitable activities		 2021
£
481,466
192,738
38,995
713,199
2021
£
3
2021
£
375,159
48,000
124,613
547,772		 2020
£
666,980
-
73,209
740,189
2020
£
-
2020
£
406,956
69,020
57,301
533,277

Page 12

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

5. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
Telephone
Printing,postage & stationery
Reception		 2021
£
2,193
6,620
-
8,813		 2020
£
3,003
6,871
4,000
13,874

6. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
£
Charitable activities
946,817
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Food
Crockery & tableware
Laundry & cleaning
Toys,Books,Magazine,Drama
Travel, outings, & holiday expenses
Out of hours club activities.
Security
Professional fees
Repairs,renewals & maintenance
General expenses
Remedial costs
Depreciation		 Grant
funding of
activities
(see note
8)
£
76,381		 Support
costs (see
note 9)
£
184,495
2021
£
501,121
18,205
29,942
60,636
645
136,607
13,846
11,034
30,798
6,667
2,215
43,745
10,989
31,864
10,554
34,764
3,185
946,817		 Totals
£
1,207,693
2020
£
538,952
14,694
30,963
62,287
625
142,742
14,773
12,085
34,224
23,885
2,390
75,472
25,905
33,956
7,756
33,545
1,213
1,055,467

7. DIRECT COSTS OF CHARITABLE ACTIVITIES

Page 13

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

8. GRANTS PAYABLE

2021
£
Charitable activities
76,381
The total grants paid to individuals during the year was as follows:
2021
£
Relief of poverty
76,381
Medical
-
76,381
SUPPORT COSTS
Governance
Other
costs
£
£
Charitable activities
176,215
8,280
Support costs, included in the above, are as follows:
Other
2021
Charitable
activities
£
Wages
156,889
Light and heat
3,279
Telephone
1,591
Printing,postage & stationery
2,982
Sundry expenses
329
Professional fees
4,050
Computer expenses
1,704
Bank charges
5,353
Depreciation office equipment
38
176,215		 2020
£
102,766
2020
£
86,797
15,969
102,766
Totals
£
184,495
2020
Total
activities
£
45,097
4,236
1,387
3,258
405
-
2,718
5,080
50
62,231

9. SUPPORT COSTS

Page 14

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

9. SUPPORT COSTS - continued Governance costs

SUPPORT COSTS - continued
Governance costs
2021 2020
Charitable Total
activities activities
£ £
Auditors' remuneration 3,960 3,960
Auditors' remuneration for non audit work 4,320 3,600
8,280 7,560

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2021
£
651,019
5,879
1,112
658,010		 2020
£
577,274
5,635
1,140
584,049

The average monthly number of employees during the year was as follows:

Teachers, assistants & community support
Office and admin
Kitchen and maintenance		 2021
71
18
6
95		 2020
55
6
6
67

No employees received emoluments in excess of £60,000.

Page 15

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12. TANGIBLE FIXED ASSETS

Freehold
Plant and
property
machinery
£
£
COST
At 1 April 2020
576,469
15,091
Additions
-
-
At 31 March 2021
576,469
15,091
DEPRECIATION
At 1 April 2020
-
7,961
Charge for year
-
713
At 31 March 2021
-
8,674
NET BOOK VALUE
At 31 March 2021
576,469
6,417
At 31 March 2020
576,469
7,130
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Trade creditors
Taxation and social security
Other creditors		 Fixtures
and
Office
fittings
equipment
£
£
73,746
3,571
8,626
-
82,372
3,571
72,485
3,421
2,472
38
74,957
3,459
7,415
112
1,261
150
2021
£
38,050
2021
£
50,000
94,175
43,397
29,032
216,604		 Totals
£
668,877
8,626		 Totals
£
668,877
8,626
677,503
83,867
3,223
87,090
590,413
585,010
2020
£
22,102
2020
£
-
90,848
60,393
28,600
179,841

Page 16

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other creditors
16.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bounce Back Loan
17.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Fixed assets
590,413
-
Current assets
194,550
-
Current liabilities
(216,604)
-
Long term liabilities
(46,000)
-
522,359
-
18.
MOVEMENT IN FUNDS
At 1.4.20
£
Unrestricted funds
General fund
477,891
TOTAL FUNDS
477,891
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
904,629
Restricted funds
Restricted Fund
356,345
TOTAL FUNDS
1,260,974
2021
£
46,000
2021
£
50,000
2021
Total
funds
£
590,413
194,550
(216,604)
(46,000)
522,359
Net
movement
in funds
£
44,468
44,468
Resources
expended
£
(860,161)
(356,345)
(1,216,506)		 2020
£
46,000
2020
£
-
2020
Total
funds
£
585,010
118,722
(179,841)
(46,000)
477,891
At
31.3.21
£
522,359
522,359
Movement
in funds
£
44,468
-
44,468

Page 17

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.19
£
Unrestricted funds
General fund
446,323
TOTAL FUNDS
446,323
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
1,142,955
Restricted funds
Restricted Fund
130,511
TOTAL FUNDS
1,273,466		 Net
movement
in funds
£
31,568
31,568
Resources
expended
£
(1,111,387)
(130,511)
(1,241,898)		 At
31.3.20
£
477,891
477,891
Movement
in funds
£
31,568
-
31,568

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 18