REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements |
FOR THE YEAR ENDED |
30 September 2023 |
for |
YAD VOCHESSED ASSOCIATION LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements |
FOR THE YEAR ENDED |
30 September 2023 |
for |
YAD VOCHESSED ASSOCIATION LIMITED |
YAD VOCHESSED ASSOCIATION LIMITED |
Contents of the Financial Statements |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Page |
Report of the Trustees | 1 | 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 | 15 |
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183) |
Report of the Trustees |
FOR THE YEAR ENDED 30 SEPTEMBER 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 30 September 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 |
Aims, Objectives and Activities for the Public Benefit |
The objectives of the charity and its principal activities are to advance such charitable purposes for the public benefit whether by making grants or otherwise as the trustees see fit, in particular, but not limited to the following: |
Prevention or relief of poverty and financial hardship: |
The prevention or relief of poverty by providing grants to individuals in need and to charities, or other organisations working to prevent or relieve poverty. |
Advancement of education: |
To advance the education of the public in general in the subject of the Jewish religion by making grants to institutions promoting knowledge and education of the Jewish religion. |
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. |
The trustees identify institutions, organisations and individuals which meet its above criteria and regularly support a number of these institutions, organisations and individuals. |
Grant making |
Grants are made to charitable institutions and organisations and to individuals after it has been satisfied that payments will accord with the objectives of the charity. |
Volunteers |
There were no volunteers during the year. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
The results for the year and the financial position at the year end were considered satisfactory by the trustees. |
During the year the charity continued its philanthropic activities in support of religious, educational, charitable institutions and needy individuals making donations totalling £2,298,141 (2022: 2,297,085). |
Fundraising activities |
Donations were considered reasonable and the trustees feel that the present level of income is sufficient to permit the charity to continue for the foreseeable future. |
A summary of the charity's transactions and of its financial position is shown in the financial statements together with the accompanying notes. |
FINANCIAL REVIEW |
Principal funding sources |
The principal funding sources are donations from individuals and related companies. |
Reserves policy |
The charity aims to maintain reserves in order that it is in a position to continue its grant making activities at a consistent level and to cover contingencies of additional calls being made upon the charity for support of organisations, institutions or individuals in times of need. |
The present level of funding is adequate to support the continuation of the provision of assistance by the giving of grants in the short term, and the trustees consider the financial position of the charity to be satisfactory. |
FUTURE PLANS |
The trustees plan to continue to support charities and charitable purposes in accordance with their grant making policy and to ensure that the ability to generate sufficient income is maintained to achieve that end. |
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183) |
Report of the Trustees |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
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. |
The charity is constituted as a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association. |
Organisational structure |
The company currently has 3 trustees; names of members are listed below. The charity is organised so that the trustees meet regularly to manage the affairs of the charity. |
Induction and training of new trustees |
New Trustees must familiarise themselves with the content of the Memorandum and Articles of Association, their legal obligations under charity and company law, the organisational structure of Yad Vochessed Association Ltd and the recent financial performance of the charity. |
Training of trustees will depend on their previous knowledge and experience. |
Related parties |
Details of transactions with 'Related Parties' are disclosed in Note 14 to the Financial Statements. |
Risk management |
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Auditors |
Chartered Accountants |
First Floor, Winston House |
349 Regents Park Road |
London |
N3 1DH |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of Yad Vochessed Association Limited for the purposes of company law) 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) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". |
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183) |
Report of the Trustees |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued |
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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 charitable company 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 charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
In so far as the trustees are aware: |
- | there is no relevant audit information of which the charitable company's auditors are unaware; and |
- | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
AUDITORS |
The auditors, Melinek Fine LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
Approved by order of the board of trustees on |
Report of the Independent Auditors to the Members of |
Yad Vochessed Association Limited (Registered number: 05219183) |
Opinion |
We have audited the financial statements of Yad Vochessed Association Limited (the 'charitable company') for the year ended 30 September 2023 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), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. |
In our opinion the financial statements: |
- | give a true and fair view of the state of the charitable company's affairs as at 30 September 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
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 charitable company 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 charitable company'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. |
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
Report of the Independent Auditors to the Members of |
Yad Vochessed Association Limited (Registered number: 05219183) |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
- | adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of trustees' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- | the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. |
Responsibilities of trustees |
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they 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 charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so. |
Our responsibilities for the audit of the financial statements |
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. |
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We designed procedures in line with our responsibilities outlined above, to detect material misstatements in respect of irregularities, including fraud. |
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and |
non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the Charity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of trustees minutes; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud. |
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including |
fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the |
nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently |
more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that |
material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK). |
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. |
Report of the Independent Auditors to the Members of |
Yad Vochessed Association Limited (Registered number: 05219183) |
Use of our report |
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Chartered Accountants |
349 Regents Park Road |
London |
N3 1DH |
YAD VOCHESSED ASSOCIATION LIMITED |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
2023 | 2022 |
Unrestricted | Total |
funds | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
EXPENDITURE ON |
Raising funds | 3 |
Charitable activities | 4 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 19,731 |
YAD VOCHESSED ASSOCIATION LIMITED (REGISTERED NUMBER: 05219183) |
Balance Sheet |
30 SEPTEMBER 2023 |
2023 | 2022 |
Unrestricted | Total |
funds | funds |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 9 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 10 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 11 | ( |
) | ( |
) |
NET ASSETS |
FUNDS | 13 |
Unrestricted funds | 19,731 |
TOTAL FUNDS | 19,731 |
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 |
YAD VOCHESSED ASSOCIATION LIMITED |
Cash Flow Statement |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 44,956 | (12,088 | ) |
Net cash provided by/(used in) operating activities | 44,956 | (12,088 | ) |
Cash flows from financing activities |
Loan repayments in year | (10,000 | ) | (10,000 | ) |
Net cash used in financing activities | (10,000 | ) | (10,000 | ) |
Change in cash and cash equivalents in the reporting period |
34,956 |
(22,088 |
) |
Cash and cash equivalents at the beginning of the reporting period |
65,015 |
87,103 |
Cash and cash equivalents at the end of the reporting period |
99,971 |
65,015 |
YAD VOCHESSED ASSOCIATION LIMITED |
Notes to the Cash Flow Statement |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
1. | RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES |
2023 | 2022 |
£ | £ |
Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) |
47,636 |
(11,209 |
) |
Adjustments for: |
Increase in debtors | (2,680 | ) | (3,019 | ) |
Increase in creditors | - | 2,140 |
Net cash provided by/(used in) operations | 44,956 | (12,088 | ) |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1.10.22 | Cash flow | At 30.9.23 |
£ | £ | £ |
Net cash |
Cash at bank | 65,015 | 34,956 | 99,971 |
65,015 | 34,956 | 99,971 |
Debt |
Debts falling due within 1 year | (10,000 | ) | - | (10,000 | ) |
Debts falling due after 1 year | (28,333 | ) | 10,000 | (18,333 | ) |
(38,333 | ) | 10,000 | (28,333 | ) |
Total | 26,682 | 44,956 | 71,638 |
YAD VOCHESSED ASSOCIATION LIMITED |
Notes to the Financial Statements |
FOR THE YEAR ENDED 30 SEPTEMBER 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. |
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. |
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. |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations |
3. | RAISING FUNDS |
Raising donations and legacies |
2023 | 2022 |
£ | £ |
Fundraising costs | - | 16,500 |
YAD VOCHESSED ASSOCIATION LIMITED |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
4. | CHARITABLE ACTIVITIES COSTS |
Grant |
funding of |
activities | Support |
(see note | costs (see |
5) | note 6) | Totals |
£ | £ | £ |
Charitable activities | - | 9,078 | 9,078 |
Education | 1,539,394 | - | 1,539,394 |
Relief of Poverty | 627,398 | - | 627,398 |
Community Development | 131,349 | - | 131,349 |
2,298,141 | 9,078 | 2,307,219 |
5. | GRANTS PAYABLE |
2023 | 2022 |
£ | £ |
Education | 1,539,394 | 1,276,615 |
Relief of Poverty | 627,398 | 453,718 |
Community Development | 131,349 | 566,752 |
2,298,141 | 2,297,085 |
The total grants paid to institutions during the year was £2,072,472 (2022: £2,041,178). A summary of grants made to institutions during the year is as follows: |
Name of Institution | Amount (£ | ) |
Beis Aharon Trust | 193,700 |
Satmar | 171,592 |
Talmud Torah Bene Aharon Jerusalem | 86,470 |
Machzikei Lomdei Torah | 64,465 |
Kollel | 47,055 |
Heichalei Hakodesh | 40,000 |
Kollel Boker | 40,000 |
Kupas Hakohol | 40,000 |
Vaad Hasimchos | 40,000 |
Beis Vaad | 39,746 |
Maamodos | 37,560 |
Rabbi of Strikov Bene Berak | 35,000 |
Ezer Leyoldos Machnovke | 31,555 |
Beitar Mikva | 30,000 |
Reshet Hakollelim | 30,000 |
Yeshiva Gedola Bene Berak | 30,000 |
Building Fund 117 | 29,605 |
Yeshiva Ketana Elad | 29,513 |
Admor Shlita | 29,279 |
Belz Shul | 29,230 |
Elad Mosdos | 28,700 |
Mosdos Beth Shemesh | 28,000 |
Mosdos Tschechnov Jerusalem | 27,491 |
Yeshiva Gedola D'London | 27,483 |
Mechon Shemn Rokeach | 27,163 |
Beis Hamedrash Kedushas Aharon | 25,500 |
Other | 833,365 |
Total grants to institutions | 2,072,472 |
YAD VOCHESSED ASSOCIATION LIMITED |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
6. | SUPPORT COSTS |
Governance |
Finance | Other | costs | Totals |
£ | £ | £ | £ |
Charitable activities | 1,475 | 534 | 7,069 | 9,078 |
7. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
The auditing of accounts of any associate of the charity | 4,200 | 4,200 |
8. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022. |
9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts (see note 12) |
Trade creditors |
Accruals and deferred income |
YAD VOCHESSED ASSOCIATION LIMITED |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans (see note 12) |
12. | LOANS |
An analysis of the maturity of loans is given below: |
2023 | 2022 |
£ | £ |
Amounts falling due within one year on demand: |
Bank loans |
Amounts falling between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
13. | MOVEMENT IN FUNDS |
Net |
At | movement | At |
1.10.22 | in funds | 30.9.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 19,731 | 47,636 | 67,367 |
TOTAL FUNDS | 47,636 | 67,367 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 2,354,855 | (2,307,219 | ) | 47,636 |
TOTAL FUNDS | ( |
) | 47,636 |
Comparatives for movement in funds |
Net |
At | movement | At |
1.10.21 | in funds | 30.9.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 30,940 | (11,209 | ) | 19,731 |
TOTAL FUNDS | 30,940 | (11,209 | ) | 19,731 |
YAD VOCHESSED ASSOCIATION LIMITED |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
13. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 2,313,953 | (2,325,162 | ) | (11,209 | ) |
TOTAL FUNDS | 2,313,953 | (2,325,162 | ) | (11,209 | ) |
14. | RELATED PARTY DISCLOSURES |
The total donations without conditions received from related parties, in which a trustee of the company is also a director, was £102,469 (2022: £365,700). |