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2022-03-31-accounts

REGISTERED CHARITY NUMBER: 242075

THE FRIENDS OF THE BOBOVER YESHIVA

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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

THE FRIENDS OF THE BOBOVER YESHIVA

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES

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 242075 NUMBER 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 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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.

FINANCIAL REVIEW

Review of the year

Financial review

The charity's main income is from donations and grants. Contributions towards the charity's costs were received from parents 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. Income was about 17% lower than in the previous year, with an increase in expenditure of some 11% resulting in a deficit of £131,970 for the year (2021 - £44,468 surplus). 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 £390,389 (2021 - £522,359).

FUTURE PLANS

The trustees anticipate that the charity will continue on a similar basis in the foreseeable future.

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 day to day running of the school is delegated to the head teacher.

Page 2

THE FRIENDS OF THE BOBOVER YESHIVA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT 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 17 May 2023 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 2022 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).

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.

In performing an audit, we exercise professional judgment and maintain professional scepticism throughout the audit.

We also identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.

We obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of charity's internal control.

We evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements

We concluded whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about charity's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

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

17 May 2023

Page 6

THE FRIENDS OF THE BOBOVER YESHIVA

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
Contributions to school running expenses
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
School running expenses
Support costs
Grantmaking
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
499,317
509,457
3
1,008,777
13,623
1,091,415
9,000
26,709
1,140,747
(131,970)
522,359
390,389		 Restricted
fund
£
199,707
-
-
199,707
-
199,707
-
-
199,707
-
-
-		 2022
Total
funds
£
699,024
509,457
3
1,208,484
13,623
1,291,122
9,000
26,709
1,340,454
(131,970)
522,359
390,389		 2021
Total
funds
£
713,199
547,772
3
1,260,974
8,813
1,131,312
-
76,381
1,216,506
44,468
477,891
522,359

The notes form part of these financial statements

Page 7

THE FRIENDS OF THE BOBOVER YESHIVA

BALANCE SHEET 31 MARCH 2022

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
14
NET ASSETS
FUNDS
17
Unrestricted funds
TOTAL FUNDS		 2022
£
587,889
104,888
44,062
148,950
(300,450)
(151,500)
436,389
(46,000)
390,389
390,389
390,389		 2021
£
590,413
38,050
156,500
194,550
(216,604)
(22,054)
568,359
(46,000)
522,359
522,359
522,359

The financial statements were approved by the Board of Trustees and authorised for issue on 17 May 2023 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 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Net cash (used in)/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		 2022
£
(62,441)
(62,441)
-
3
3
-
(50,000)
(50,000)
(112,438)
156,500
44,062		 2021
£
18,503
18,503
(8,626)
3
(8,623)
50,000
-
50,000
59,880
96,620
156,500

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 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
Increase/(decrease) in creditors
Net cash (used in)/provided by operations		 2022
£
(131,970)
2,524
(3)
(66,838)
133,846
(62,441)		 2021
£
44,468
3,223
(3)
(15,948)
(13,237)
18,503

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 156,500 (112,438) 44,062
156,500 (112,438) 44,062
Debt
Debts falling due within 1 year (50,000) 50,000 -
(50,000) 50,000 -
Total 106,500 (62,438) 44,062

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 2022

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.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

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 2022

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.

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.
RAISING FUNDS
Raising donations and legacies
Telephone
Printing,postage & stationery		 2022
£
492,198
7,119
199,707
699,024
2022
£
3
2022
£
2,545
11,078
13,623		 2021
£
481,466
192,738
38,995
713,199
2021
£
3
2021
£
2,193
6,620
8,813

5. CHARITABLE ACTIVITIES COSTS

School running expenses
Support costs
Grantmaking		 Direct
Costs (see
note 6)
£
1,097,928
-
-
1,097,928		 Grant
funding of
activities
(see note
7)
£
-
-
26,709
26,709		 Support
costs (see
note 8)
£
193,194
9,000
-
202,194		 Totals
£
1,291,122
9,000
26,709
1,326,831

Page 12

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Rent , 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.
Project management and consultancy
Professional fees
Repairs,renewals & maintenance
General expenses
Remedial costs
Depreciation
7.
GRANTS PAYABLE
Grantmaking
The total grants paid to individuals during the year was as follows:
Relief of poverty
8.
SUPPORT COSTS
Other
£
School running expenses
193,194
Support costs
-
193,194		 2022
£
523,110
135,014
32,939
52,638
962
119,979
9,649
8,437
24,749
14,979
3,596
60,168
19,256
35,083
7,223
47,650
2,496
1,097,928
2022
£
26,709
2022
£
26,709
Governance
costs
£
-
9,000
9,000		 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		 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
2021
£
76,381
2021
£
76,381
Totals
£
193,194
9,000		 2021
£
76,381
2021
£
76,381
202,194

Page 13

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

8. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Other

Wages
Light and heat
Telephone
Printing,postage & stationery
Sundry expenses
Professional fees
Computer expenses
Bank charges
Depreciation office equipment
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit
work		 2022
School
running
expenses
£
172,083
2,829
1,055
3,294
62
7,573
2,890
3,380
28
193,194
2022
Support
costs
£
4,320
4,680
9,000		 2021
Total
activities
£
156,889
3,279
1,591
2,982
329
4,050
1,704
5,353
38
176,215
2021
Total
activities
£
3,960
4,320
8,280

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
681,246
12,643
1,304
695,193		 2021
£
651,019
5,879
1,112
658,010

Page 14

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. STAFF COSTS - continued

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

Teachers, assistants & Community Support
Office and admin
Kitchen and maintenance		 2022
84
12
8
104		 2021
71
18
6
95

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

11. TANGIBLE FIXED ASSETS

Freehold
Plant and
property
machinery
£
£
COST
At 1 April 2021 and
31 March 2022
576,469
15,091
DEPRECIATION
At 1 April 2021
-
8,674
Charge for year
-
642
At 31 March 2022
-
9,316
NET BOOK VALUE
At 31 March 2022
576,469
5,775
At 31 March 2021
576,469
6,417
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors		 Fixtures
and
fittings
£
82,372
74,957
1,854
76,811
5,561
7,415		 Office
equipment
£
3,571
3,459
28
3,487
84
112
2022
£
104,888		 Totals
£
677,503
87,090
2,524
89,614
587,889
590,413
2021
£
38,050

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Page 15

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 15)
Trade creditors
Taxation and social security
Other creditors
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other creditors
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bounce Back Loan
16.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Fixed assets
587,889
-
Current assets
148,950
-
Current liabilities
(300,450)
-
Long term liabilities
(46,000)
-
390,389
-
17.
MOVEMENT IN FUNDS
At 1.4.21
£
Unrestricted funds
General fund
522,359
TOTAL FUNDS
522,359		 2022
£
-
144,487
123,408
32,555
300,450

2022
£
46,000
2022
£
-
2022
Total
funds
£
587,889
148,950
(300,450)
(46,000)
390,389
Net
movement
in funds
£
(131,970)
(131,970)		 2021
£
50,000
94,175
43,397
29,032
216,604
2021
£
46,000
2021
£
50,000
2021
Total
funds
£
590,413
194,550
(216,604)
(46,000)
522,359
At
31.3.22
£
390,389
390,389

Page 16

THE FRIENDS OF THE BOBOVER YESHIVA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above
Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 Incoming
resources
£
1,008,777
199,707
1,208,484
At 1.4.20
£
477,891
477,891
are as follows:
Incoming
resources
£
904,629
356,345
1,260,974		 Resources
expended
£
(1,140,747)
(199,707)
(1,340,454)
Net
movement
in funds
£
44,468
44,468
Resources
expended
£
(860,161)
(356,345)
(1,216,506)		 Movement
in funds
£
(131,970)
-
(131,970)
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 2022

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 18

THE FRIENDS OF THE BOBOVER YESHIVA

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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