**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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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).
- In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 March 2022 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
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|