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REGISTERED COMPANY NUMBER: 09968154 (England and Wales)
REGISTERED CHARITY NUMBER: 1169517















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024

FOR

DIVREI YATZIV LIMITED

DIVREI YATZIV LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5 to 6

Notes to the Financial Statements 7 to 11

DIVREI YATZIV LIMITED (REGISTERED NUMBER: 09968154)

REPORT OF THE TRUSTEES
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024


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 period 1 February 2023 to 29 January 2024. 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 advancement of the Orthodox Jewish religion.

Public benefit
The Trustees have taken due heed of their obligations relating to Public Benefit Duty affecting charities, as well as to their obligations under the Equalities Act 2010. The Trustees are satisfied that they meet their obligations.

Grantmaking
Grants are made at the discretion of the trustees and in accordance with the principal objectives of the charity.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the charity continued its activities and maintained its support of religious educational and other charitable institutions in England and abroad. The charity is dependent on income from voluntary donations. The charity's total incoming resources during the year were £328,557 (2023: £14,264) and donations made totalled £35,684 (2023: £1,530).

Investment performance
During the year under review the charity received rental income that amounted to £8,900 (2023: £nil).

FINANCIAL REVIEW
Financial position
The charity is reliant on donations in order to assist in the advancement of the orthodox Jewish faith. The trustees are satisfied with the results of the charity for the year under review.

Principal funding sources
The majority of income received by the charity during the year was received from donations from various institutions and from private individuals. The charity was also the beneficiary of rental income.

Reserves policy
The reserves policy is to ensure that there is a sufficient stream of income to meet the working capital of the charity.

Going concern
The trustees are confident that the charity will continue to operate for foreseeable future.

FUTURE PLANS
The charity intends to carry on its policy of making grants in pursuant of its objects, and continue its activities, as outlined above, for the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a company limited by guarantee and is therefore governed by Memorandum and Articles of Association.

Recruitment and appointment of new trustees
It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures.

Induction and training of new trustees
The charity trustees periodically review and consider possible training requirements to best suit the charity's objectives.


DIVREI YATZIV LIMITED (REGISTERED NUMBER: 09968154)

REPORT OF THE TRUSTEES
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09968154 (England and Wales)

Registered Charity number
1169517

Registered office
9 Island House
47 - 51 Portland Avenue
London
N16 6HD

Trustees
N Klein Manager
M D Motzen Research Student
J Rothbart Business Manager

Independent Examiner
Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

Approved by order of the board of trustees on 11 February 2025 and signed on its behalf by:





N Klein - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
DIVREI YATZIV LIMITED

Independent examiner's report to the trustees of Divrei Yatziv Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 1 February 2023 to 29 January 2024.

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.








M A VENITT

Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

11 February 2025

DIVREI YATZIV LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024

Period
1.2.23
to Year ended
29.1.24 31.1.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 328,557 14,264

Investment income 2 8,900 -
Total 337,457 14,264

EXPENDITURE ON
Raising funds 3 5,239 16,979

Charitable activities
General 35,684 1,530

Other 900 1,220
Total 41,823 19,729

NET INCOME/(EXPENDITURE) 295,634 (5,465 )


RECONCILIATION OF FUNDS
Total funds brought forward 51,705 57,170

TOTAL FUNDS CARRIED FORWARD 347,339 51,705

DIVREI YATZIV LIMITED (REGISTERED NUMBER: 09968154)

STATEMENT OF FINANCIAL POSITION
29 JANUARY 2024

29.1.24 31.1.23
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 6 461,444 111,360

CURRENT ASSETS
Debtors 7 - 84,934
Cash at bank 1,440 9,379
1,440 94,313

CREDITORS
Amounts falling due within one year 8 (73,420 ) (112,478 )

NET CURRENT ASSETS (71,980 ) (18,165 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

389,464

93,195

CREDITORS
Amounts falling due after more than one year 9 (42,125 ) (41,490 )

NET ASSETS 347,339 51,705
FUNDS 11
Unrestricted funds 347,339 51,705
TOTAL FUNDS 347,339 51,705

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 January 2024.


The members have not required the company to obtain an audit of its financial statements for the period ended 29 January 2024 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.


DIVREI YATZIV LIMITED (REGISTERED NUMBER: 09968154)

STATEMENT OF FINANCIAL POSITION - continued
29 JANUARY 2024

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 11 February 2025 and were signed on its behalf by:





M D Motzen - Trustee





J Rothbart - Trustee

DIVREI YATZIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024

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.

Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.

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


Short leasehold - not provided

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.


DIVREI YATZIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024

2. INVESTMENT INCOME
Period
1.2.23
to Year ended
29.1.24 31.1.23
£    £   
Rents received 8,900 -

3. RAISING FUNDS

Investment management costs
Period
1.2.23
to Year ended
29.1.24 31.1.23
£    £   
Rent paid - 14,100
Cleaning - 1,750
Light and heat 2,000 1,129
Council tax 90 -
Bank loan interest 3,149 -
5,239 16,979

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 29 January 2024 nor for the year ended 31 January 2023.


Trustees' expenses

There were no trustees' expenses paid for the period ended 29 January 2024 nor for the year ended 31 January 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 14,264

EXPENDITURE ON
Raising funds 16,979

Charitable activities
General 1,530

Other 1,220
Total 19,729

NET INCOME/(EXPENDITURE) (5,465 )


DIVREI YATZIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   

RECONCILIATION OF FUNDS
Total funds brought forward 57,170

TOTAL FUNDS CARRIED FORWARD 51,705

6. TANGIBLE FIXED ASSETS
Short
leasehold
£   
COST
At 1 February 2023 111,360
Additions 350,084
At 29 January 2024 461,444
NET BOOK VALUE
At 29 January 2024 461,444
At 31 January 2023 111,360

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.1.24 31.1.23
£    £   
Other debtors - 84,934

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.1.24 31.1.23
£    £   
Other creditors 71,800 109,238
Accrued expenses 1,620 3,240
73,420 112,478


DIVREI YATZIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.1.24 31.1.23
£    £   
Bank loans (see note 10) 42,125 41,490

10. LOANS

An analysis of the maturity of loans is given below:

29.1.24 31.1.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 42,125 41,490

11. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 29.1.24
£    £    £   
Unrestricted funds
General fund 51,705 295,634 347,339

TOTAL FUNDS 51,705 295,634 347,339

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 337,457 (41,823 ) 295,634

TOTAL FUNDS 337,457 (41,823 ) 295,634


Comparatives for movement in funds

Net
movement At
At 1.2.22 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund 57,170 (5,465 ) 51,705

TOTAL FUNDS 57,170 (5,465 ) 51,705

DIVREI YATZIV LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2023 TO 29 JANUARY 2024

11. 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 14,264 (19,729 ) (5,465 )

TOTAL FUNDS 14,264 (19,729 ) (5,465 )

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 29 January 2024.