IRIS Accounts Production v23.3.1.45 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053857042022-03-31053857042023-03-31053857042022-04-012023-03-31053857042021-03-31053857042021-04-012022-03-31053857042022-03-3105385704ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-04-012023-03-3105385704ns11:Original2022-04-012023-03-3105385704ns15:PoundSterlingns11:Original2022-04-012023-03-3105385704ns11:Original2022-03-3105385704ns11:Original2023-03-3105385704ns11:Originalns11:FRS1022022-04-012023-03-3105385704ns11:IndependentExaminationCharityns11:Original2022-04-012023-03-3105385704ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-3105385704ns11:Originalns11:FullAccounts2022-04-012023-03-3105385704ns11:Originalns11:CharitiesSORP2022-04-012023-03-3105385704ns11:Original2021-04-012022-03-3105385704ns11:Originalns16:EnglandWales2022-04-012023-03-3105385704ns11:Originalns11:RegisteredOffice2022-04-012023-03-3105385704ns11:Originalns0:Trustee22022-04-012023-03-3105385704ns11:Originalns0:Trustee12022-04-012023-03-3105385704ns11:Originalns0:TotalUnrestrictedFunds2022-04-012023-03-3105385704ns11:Originalns0:TotalRestrictedIncomeFunds2022-04-012023-03-3105385704ns11:Originalns0:Activity82022-04-012023-03-3105385704ns11:Originalns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-3105385704ns11:Originalns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3105385704ns11:Originalns0:Activity82021-04-012022-03-3105385704ns11:Originalns0:TotalUnrestrictedFunds2022-03-3105385704ns11:Originalns0:TotalRestrictedIncomeFunds2022-03-3105385704ns11:Original2021-03-3105385704ns11:Originalns0:TotalUnrestrictedFunds2023-03-3105385704ns11:Originalns0:TotalRestrictedIncomeFunds2023-03-3105385704ns11:Original2022-03-3105385704ns11:Originalns0:TotalUnrestrictedFundsns10:WithinOneYear2023-03-3105385704ns11:Originalns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-03-3105385704ns11:Originalns10:WithinOneYear2023-03-3105385704ns11:Originalns10:WithinOneYear2022-03-3105385704ns11:Originalns0:TotalUnrestrictedFundsns10:AfterOneYear2023-03-3105385704ns11:Originalns10:AfterOneYearns0:TotalRestrictedIncomeFunds2023-03-3105385704ns11:Originalns10:AfterOneYear2023-03-3105385704ns11:Originalns10:AfterOneYear2022-03-3105385704ns11:Original22022-04-012023-03-3105385704ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-03-3105385704ns11:Originalns10:LandBuildingsns10:LongLeaseholdAssets2022-03-3105385704ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-04-012023-03-3105385704ns11:Originalns10:LandBuildingsns10:LongLeaseholdAssets2022-04-012023-03-3105385704ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-3105385704ns11:Originalns10:LandBuildingsns10:LongLeaseholdAssets2023-03-3105385704ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-03-3105385704ns11:Originalns10:LandBuildingsns10:LongLeaseholdAssets2022-03-3105385704ns11:Originalns10:BetweenOneTwoYears2023-03-3105385704ns11:Originalns10:BetweenOneTwoYears2022-03-3105385704ns10:BetweenTwoFiveYearsns11:Original2023-03-3105385704ns10:BetweenTwoFiveYearsns11:Original2022-03-31
REGISTERED COMPANY NUMBER: 05385704 (England and Wales)
REGISTERED CHARITY NUMBER: 1111411














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Yedidim Association Ltd

Yedidim Association Ltd






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 12

Yedidim Association Ltd (Registered number: 05385704)

Report of the Trustees
for the Year Ended 31 March 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity was formed for the advancement of the orthodox Jewish faith, orthodox Jewish religious education, and the relief of poverty in the orthodox Jewish community.To this end the charity has made various grants in the year under review.

Public benefit
The trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities.

ACHIEVEMENT AND PERFORMANCE
During the year the charity raised substantial funds, and has applied a majority of the funds in grants in furtherance of its objectives.

FINANCIAL REVIEW
During the year, the charity's incoming resources exceeded the outgoing resources. The trustees are satisfied with the results for the year and the charity has surplus reserves. The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity.

FUTURE PLANS
There are no current plans to change the activities or modus operandi in the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
The company is managed and controlled by the directors who are also the trustees and meet regularly. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment, training and induction procedures.

Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05385704 (England and Wales)

Registered Charity number
1111411

Registered office
122 Kyverdale Road
London
N16 6PR

Yedidim Association Ltd (Registered number: 05385704)

Report of the Trustees
for the Year Ended 31 March 2023

Trustees
Y Horowitz
A Klein

Independent Examiner
Adrian Heller FCA
Martin+Heller
5 North End Road
London
NW11 7RJ

Approved by order of the board of trustees on 26 December 2023 and signed on its behalf by:





A Klein - Trustee

Independent Examiner's Report to the Trustees of
Yedidim Association Ltd

Independent examiner's report to the trustees of Yedidim Association Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with 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)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Adrian Heller FCA

Martin+Heller
5 North End Road
London
NW11 7RJ

26 December 2023

Yedidim Association Ltd

Statement of Financial Activities
for the Year Ended 31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 275,646 - 275,646 140,699

Investment income 2 63,960 - 63,960 63,960
Total 339,606 - 339,606 204,659

EXPENDITURE ON
Raising funds 3 26,077 - 26,077 21,242

Charitable activities
Grants 293,624 - 293,624 220,200

Other 1,491 - 1,491 6,390
Total 321,192 - 321,192 247,832

NET INCOME/(EXPENDITURE) 18,414 - 18,414 (43,173 )
Other recognised gains/(losses)
Gains on revaluation of fixed assets 290,000 - 290,000 -
Net movement in funds 308,414 - 308,414 (43,173 )

RECONCILIATION OF FUNDS
Total funds brought forward 700,782 - 700,782 743,955

TOTAL FUNDS CARRIED FORWARD 1,009,196 - 1,009,196 700,782

Yedidim Association Ltd (Registered number: 05385704)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 1,250,000 - 1,250,000 960,000

CURRENT ASSETS
Debtors 7 38,690 - 38,690 35,625
Cash at bank 840 - 840 1,420
39,530 - 39,530 37,045

CREDITORS
Amounts falling due within one year 8 (42,778 ) - (42,778 ) (41,188 )

NET CURRENT ASSETS (3,248 ) - (3,248 ) (4,143 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,246,752

-

1,246,752

955,857

CREDITORS
Amounts falling due after more than one year 9 (237,556 ) - (237,556 ) (255,075 )

NET ASSETS 1,009,196 - 1,009,196 700,782
FUNDS 11
Unrestricted funds 1,009,196 700,782
TOTAL FUNDS 1,009,196 700,782

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.


Yedidim Association Ltd (Registered number: 05385704)

Balance Sheet - continued
31 March 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 26 December 2023 and were signed on its behalf by:





A Klein - Trustee

Yedidim Association Ltd

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Allocation and apportionment of costs
Governance costs include costs of the preparation of financial statements, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

Tangible fixed assets
Tangible fixed assets, comprised of investment property, is stated at the trustees estimate of market value at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


Yedidim Association Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. INVESTMENT INCOME
31.3.23 31.3.22
£    £   
Rents received 63,960 63,960

3. RAISING FUNDS

Investment management costs
31.3.23 31.3.22
£    £   
Portfolio management 11,356 5,930
Interest payable and similar charges 14,721 15,312
26,077 21,242

4. GRANTS PAYABLE
31.3.23 31.3.22
£    £   
Grants 293,624 220,200

The total grants paid to institutions during the year amounted to £293,624 (2022: £220,200).

Total grants paid is comprised as follows:

MORESHET HATORAH LIMITED 7,128
DOVER SHOLEM COMMUNITY TRUST 208,700
THE TALMUD TORAH MACHZIKEI HADASS TRUST 77,796
293,624

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.



Yedidim Association Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. TANGIBLE FIXED ASSETS
Freehold Long
property leasehold Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 320,000 640,000 960,000
Revaluations 130,000 160,000 290,000
At 31 March 2023 450,000 800,000 1,250,000
NET BOOK VALUE
At 31 March 2023 450,000 800,000 1,250,000
At 31 March 2022 320,000 640,000 960,000

Cost or valuation at 31 March 2023 is represented by:

Freehold Long
property leasehold Totals
£    £    £   
Valuation in 2023 130,000 160,000 290,000
Valuation in 2016 78,163 85,032 163,195
Cost 241,837 554,968 796,805
450,000 800,000 1,250,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 38,690 35,625

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 10) 36,007 36,025
Trade creditors 1,071 963
Other creditors 1,500 1,500
Accrued expenses 4,200 2,700
42,778 41,188


Yedidim Association Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 10) 237,556 255,075

10. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year on demand:
Bank overdrafts - 18
Bank loans 36,007 36,007
36,007 36,025
Amounts falling between one and two years:
Bank loans - 1-2 years 36,007 36,007
Amounts falling due between two and five years:
Bank loans - 2-5 years 201,549 214,188
Amounts falling due in more than five years:

Repayable by instalments:
Bank loans more 5 yr by instal - 4,880

11. MOVEMENT IN FUNDS
Net
movement At
At 1/4/22 in funds 31/3/23
£    £    £   
Unrestricted funds
General fund 700,782 308,414 1,009,196

TOTAL FUNDS 700,782 308,414 1,009,196

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 339,606 (321,192 ) 290,000 308,414

TOTAL FUNDS 339,606 (321,192 ) 290,000 308,414


Yedidim Association Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/4/21 in funds 31/3/22
£    £    £   
Unrestricted funds
General fund 743,955 (43,173 ) 700,782

TOTAL FUNDS 743,955 (43,173 ) 700,782

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 194,659 (237,832 ) (43,173 )

Restricted funds
Restricted funds 10,000 (10,000 ) -

TOTAL FUNDS 204,659 (247,832 ) (43,173 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/4/21 in funds 31/3/23
£    £    £   
Unrestricted funds
General fund 743,955 265,241 1,009,196

TOTAL FUNDS 743,955 265,241 1,009,196

Yedidim Association Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 534,265 (559,024 ) 290,000 265,241

Restricted funds
Restricted funds 10,000 (10,000 ) - -

TOTAL FUNDS 544,265 (569,024 ) 290,000 265,241

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

13. COMPANY LIMITED BY GUARANTEE

The charitable company is limited by guarantee and does not have share capital. The articles of association of the company preclude the distribution of assets to members of the company accordingly a reconciliation of shareholders' funds is inappropriate.