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REGISTERED COMPANY NUMBER: 03161919 (England and Wales)
REGISTERED CHARITY NUMBER: 1058128



















YESBE LIMITED
(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS
FOR THE PERIOD
1 AUGUST 2023 TO 30 JULY 2024

YESBE LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

YESBE LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 2024



TRUSTEES Y Z Benedikt
Y N Benedikt
Y S Benedikt
M Benedikt
C Benedikt
J Masar
M Z Kohn


COMPANY SECRETARY E Benedikt


REGISTERED OFFICE 94 Stamford Hill
London
N16 6XS


REGISTERED COMPANY
NUMBER
03161919 (England and Wales)


REGISTERED CHARITY
NUMBER
1058128


BANKERS Barclays Bank PLC
93 Baker Street
London

YESBE LIMITED (REGISTERED NUMBER: 03161919)

REPORT OF THE TRUSTEES
FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 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 August 2023 to 30 July 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).

REFERENCE AND ADMINISTRATIVE DETAILS
The information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are the promotion and advancement of religion in accordance with the Orthodox Jewish faith and the relief of poverty, suffering and distress among members of the Orthodox Jewish faith.

The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit.

Grant making policy
In general, the trustees select the institutions to be supported according to their personal knowledge of work of the institution. All applications are carefully considered, discreetly and with sympathy and help is given according to circumstances and funds then available.

Grants are made to various institutions which accord with the charity's objects. These grants are regularly monitored to ensure compliance with the objects of the charity.

ACHIEVEMENT AND PERFORMANCE
Achievement and performance
The trustees are pleased with the results for the year. The charity received £201,421 of interest income (2023: NIL), this has provided the charity with a strong income stream which is used in furtherance of the charity's objectives.

During the year the charity continued its philanthropic activities and maintained support of organisations engaging in education, advancement of religion, and the relief of poverty.

Grantmaking in the year was over than three times than in the previous year.

FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end stood at £5,407,814 (2023: £5,733,778), of which £324,810 (2023: £3,099,778) were free reserves.

FUTURE PLANS
It is anticipated, subject to satisfactory income, that the charity will continue to support charitable purposes and institutions in accordance with its objects.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 20 February 1996.

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


YESBE LIMITED (REGISTERED NUMBER: 03161919)

REPORT OF THE TRUSTEES
FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 14 May 2025 and signed on its behalf by:





Y Z Benedikt - Trustee

YESBE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 2024

PERIOD
1.8.23
TO YEAR ENDED
30.7.24 31.7.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - 11,620

Investment income 2 201,421 -
Total 201,421 11,620

EXPENDITURE ON
Charitable activities 3
Charitable activities 527,385 158,087

Net gains on investments - 5,899,949

NET INCOME/(EXPENDITURE) (325,964 ) 5,753,482


RECONCILIATION OF FUNDS
Total funds brought forward 5,733,778 (19,704 )

TOTAL FUNDS CARRIED FORWARD 5,407,814 5,733,778

YESBE LIMITED (REGISTERED NUMBER: 03161919)

BALANCE SHEET
30 JULY 2024

2024 2023
Total Total
funds funds
Notes £    £   
CURRENT ASSETS
Debtors 9 5,083,004 2,634,000
Cash at bank 339,950 3,266,181
5,422,954 5,900,181

CREDITORS
Amounts falling due within one year 10 (15,140 ) (166,403 )

NET CURRENT ASSETS 5,407,814 5,733,778

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,407,814

5,733,778

NET ASSETS 5,407,814 5,733,778
FUNDS 11
Unrestricted funds:
General fund 5,407,814 5,733,778
TOTAL FUNDS 5,407,814 5,733,778

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2024.


The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 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.


YESBE LIMITED (REGISTERED NUMBER: 03161919)

BALANCE SHEET - continued
30 JULY 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 14 May 2025 and were signed on its behalf by:





Y Z Benedikt - Trustee

YESBE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 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
The following specific policies are applied to particular categories of income:

Income received by way of donations is accounted for when received.

Income from investments is included 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. 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.

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.

Going concern
There are no material uncertainties about the charity's ability to continue as a going concern.

2. INVESTMENT INCOME
PERIOD
1.8.23
TO YEAR ENDED
30.7.24 31.7.23
Unrestricted Total
funds funds
£    £   
Deposit account interest 52,055 -
Loan interest receivable 149,366 -
201,421 -

YESBE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 2024

3. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
4) note 5) Totals
£    £    £   
Charitable activities 520,100 7,285 527,385

4. GRANTS PAYABLE
PERIOD
1.8.23
TO YEAR ENDED
30.7.24 31.7.23
£    £   
Charitable activities 520,100 145,200
The total grants paid to institutions during the period was as follows:
PERIOD
1.8.23
TO YEAR ENDED
30.7.24 31.7.23
£    £   
Advancement of religion 392,850 135,500
Advancement of education 39,050 9,000
Relief of poverty 67,500 700
Medical 500 -
General purpose 18,000 -
Social welfare 2,200 -
520,100 145,200

Achisomoch Aid Company Ltd 209,900
Chasdei Sholom 45,600
Dushinsky Trust Ltd 31,700
Others below £30,000 232,900
520,100


YESBE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 2024

5. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Charitable activities 116 7,169 7,285

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

Finance
PERIOD
1.8.23
TO YEAR ENDED
30.7.24 31.7.23
Charitable Total
activities activities
£    £   
Bank charges 116 130
Governance costs
PERIOD
1.8.23
TO YEAR ENDED
30.7.24 31.7.23
Charitable Total
activities activities
£    £   
Auditors' remuneration - 5,400
Auditors' remuneration for non audit
work

-

5,400

Fees waived (1,200 ) -
Independent examiner's fee 1,080 -
Independent examiner's other fees 3,000 -
General expenses 731 457
Legal and professional fees 3,558 1,500
7,169 12,757

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

PERIOD
1.8.23
TO YEAR ENDED
30.7.24 31.7.23
£    £   
Auditors' remuneration - 5,400
Auditors' remuneration for non audit work - 5,400
Fees waived (1,200 ) -


YESBE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 2024

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 30 July 2024 nor for the year ended 31 July 2023.


Trustees' expenses

There were no trustees' expenses paid for the period ended 30 July 2024 nor for the year ended 31 July 2023.


8. STAFF COSTS

The average number of staff in the year was NIL (2023: NIL).

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,083,004 2,634,000

Included in others debtors is £5,058,504 representing amounts owing to the charity by connected companies, these loans are interest bearing at a rate of 6.25%. See Note 12 for further detail.

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 144,804
Other creditors 19 -
Accruals and deferred income 15,121 21,599
15,140 166,403

11. MOVEMENT IN FUNDS
Net
movement At
At 1.8.23 in funds 30.7.24
£    £    £   
Unrestricted funds
General fund 5,733,778 (325,964 ) 5,407,814

TOTAL FUNDS 5,733,778 (325,964 ) 5,407,814

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 201,421 (527,385 ) (325,964 )

TOTAL FUNDS 201,421 (527,385 ) (325,964 )

YESBE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 30 JULY 2024

11. MOVEMENT IN FUNDS - continued


Comparatives for movement in funds

Net
movement At
At 1.8.22 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund (19,704 ) 5,753,482 5,733,778

TOTAL FUNDS (19,704 ) 5,753,482 5,733,778

Comparative 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 11,620 (158,087 ) 5,899,949 5,753,482

TOTAL FUNDS 11,620 (158,087 ) 5,899,949 5,753,482

12. RELATED PARTY DISCLOSURES

Included in other debtors are the following balances in respect of loans made to connected companies:

A loan of £3,445,212 including accrued interest (2023: NIL) to Pinlee Investments Ltd, a company with Trustees/Directors in common, the loan bears interest at 6.25% p.a.

A loan of £1,758,096 including accrued interest (2023: NIL) to Calvert Estates Ltd, a company with a Trustee/Director in common, the loan bears interest at 6.25% p.a.