REGISTERED CHARITY NUMIIER: 1038151 ort of the Tnisl Finan ial tal¢m¢nt8 for ¢lie Y¢ar Ended 5 A ril 2024 Th Ic Doll RLliable Accounts Ltd Churtered Certificd A¢countunts 10 Pangboiiriie Drivc Staninore Midd5cscx I-IA7 4Q-I'
The Jauk Dollond Foundation ConlLnts of the Financial Stateiiients for the Ycar Ended 5 A ril 2024 Page RefenCe and Administrativ¢ Detsils Report of th¢ Trustecs Independent XamineeS Rcport Statcmcnl of Financial Activitict> Balance Sheet NolL'% to the Fi1i4nciii1 St<ltcincnts Del<iile(I Statement of Financial Activities 12
'The Jack Dollond Foundation Reference and Administrative Details for the Y¢ar End¢d 5 A ril 2024 TRUSTEES A Dollond A Dollond E Dollond PRIIYCIPAL ADDRESS 26 Covcrdale Road London NW2 4BY REGISTERED CIIARITY NUMBb:R 1038151 INDEPENDLNT EXAMINER Reliable Account% Ltd Clillrtered CLrlitiLd ALLounlan¢s l O Panb?bouri)¢ Drive Sianmore M iddlcscx IIA7 4(2T Page I
'The Jd ,k DolloThd Folindation ort of tlie Trustees r the Year Ended 5 A ril 2024 Tlie trubtees present their report with th¢ financial statements of the charity foi- the year ended 5 Apiil 2024. The Irublee havc adopted the provi%iong of Accounting and Reporting by Charitics.. Si(ilcmcnt of R¢commcndcd PraGtiLc applicablc to iliarities prep¢In& ih¢ir aLuoLinls in dLLordanLe with the FiiiaiiLial Reporting, Slandard appliuable in the UK and RepLiblic of Ireland (FRS 102) (effeclive l Janiiary 2019). OBJECTIVLb AND ACTJVITILS Objectlves and alms The consliliition is broadly based and th¢ Tnistees hiL ve adopted a policy of principally a88i5ting the widrr Jewish comniunities in Britain and 15racl with r¢gard lo the furthcraiice of Lducation and Ihc rulicf ()r povcrly. Grantiilaking The Trustres antLClPate ihal all grants will be made to registered charilics. ACHIEVEMENT AND PLRFORMANC Charitable Actlvlties During Ilic yknar the Lharily distribulcd £124,807 (2Q23'. £158,971) in fui'iherancc of ils objLLlives. Investment perform4n¢e The valiie ol. investments assels at 5th April 2024 was £2,021,4y19 {2023.. £1,962,239). FIIYANCIAL REVILW PrinLlpal Kunding sourLe5 Thc incoine from investments is uscd lo tinance the granlty made by the Poundation. Investment pollcy ttnd obJL4etives Tliu -FIst Dcc(I ciiiiliori.s¢8 tlic Ii'Lisle¢s lo niake and hold investrnents using ihc geii¢rnl fLd8 of the charity, Rescrves pollcy li i& thL puliLy of th¥ charity to maintain iinre8triLted fiiiids, which are fil'e reserv¢s vl. the Lliarilyi &1t d level which providcs biilliciinl tund% l() cover bolli administration of ilie charily and lo Inaintain its Lliai'iluble donatiuns. FUTURL PLANS 'I"h¢ Iiut*lees plan Lo conlinue making similar chcirilable dislribulionb in the forthcoming years. STRUCI'URE, GOVERNANCF. AND MANAGEMELYT Guvcrnlngi document Tli¥ Foundation is an unii)corpoi'alvd trubl constilutknd undLr a trLisI deed dated 2nd May 1994 and is a registcrcd charity umber 1038151. I"he Charitablc Trust Is governed by ils ¢oiistituliun. Thc 'frustee Body wa6 in¥00[cd as the Trust¢¢5 ofthe JaLk DollonLI FL)Lindation 011 24th Jline 2002. Rec'ruitment and appiilntmont of new trustQQ8 ThL appuinltnonl of trLlSl¢kns is govcinLd by Tni$t T)ced of thc cliarity dated thc 2nd May 1994. The Board of Tru5lees is alilliorisid io appoint new triistees lo fill vaiancies arising Iliroiigli resignation or dealli of dn existing Inistee. OrEanisatlonHI struLture The bvcll'LI ul-IiiisleL.% admii)ister the charity and mcLt on a regular b&sis iii pursuance ot- ils charitable aims. Induitlon and trainlng oft. new trustees New InLStees are made awarc of the organisational strncture of the Lh¢irity and are shown financial statements of the harity tor the tlwee preLeding years. WldLir netivork The tnistees consider that its activities provide ben¢fit to communiticb throushvut Ilic Unitcd Kingdom and Ityracl. Page 2
' The Jack Dollond FoldatIon ort of the Trustees for the Year Ended 5 A ril 2024 Appi-oved by order of tlie board of tnistees on 17 December 2024 signed on its b¢lialt"by'. A Dollond - Trustee Pagc 3
'Ind nl Exatniner's Re ort to the Trustee The Jack Dollond Foundation Independent examiner's report to the trustees of The Jack Dollond Foundation I rcport to the Lharity twst¢es on iny examination ot tlie accounts ot. I'he Jaclc Dollond Foundation (the Tnist) for the y¢ai' ¢nd¢d S April 2024. Responsibilitie5 and basis of report As IhL Lharity tivstecs of the Trust you are ruspoiisible for the preparation of the aecouiits in aecordance with the requircments of th¢ ch(ltIeS Act 2011 ('the ALt'), I repoit in respect of my examination of the Trust's acLounts carried out under Section 145 of the Act and in carrying oul my examination I have followed all applicablc Directions given by the Chariiy Commission under ScLtion 145(5)(b) of the Act. IndLpendLnt exfiminer's stateffient I havc complLt¢d my cxaniiiiation. I confii-ill that no mat¢rial niattoiB have comL lo my allenlion in Luiinectioii witli the examinalioii giving me cause lo believe Ihal in aiiy niaterial respect.. accounting rccords were not kepl in re8pert of Ihc Tnisl as rcLILiirth by Seclion 130 of t]ie Act; or th¥ ULLOLinlb do iiol accoi'd w'ith Il)f)s¥ (rd.. (Ji- thc accounts do not coinply witli Ilie appliLable reqiiireinenls Conceming the fonll and conlent of accoiinls sel oul in the Cli.5[]L$ (Accoiiiil.8 aiid RL'poi14) RLgul%ilivns 2008 otliei. Ihdn any rL'qiiirLmL'nt that the slLLOWlts givL a trne and fiiir view which is not a m(Iller ¢oiisid¢r¢(l ab part of ali iiidependenl examinalion. I have no coiiccriis aiid liavc clime <iLruss iio vilier inalters iii coiiiieclion willi Ihc exdtninotLi()n lo wliich Eil(Liilivn shoiild be drawn in this rcport in ordLr lo enabli a propci. undcrbtaiidinur ol. lh¢ a¢coLlllts lo bc r¥a¥hid. R S Col¢inan RLli<lble AcLoLinls Ltd Clidrtcrcd CL'rtitied Accounlanls 10 PangbLiiwnc Drive Slaninorc Middles¥x I.IA7 4QT Date- . Page 4
'The Jack Dollond Foundati Stalem¥nt of Fintui¢ial Activiti¢s for the Year Endcd 5 A ril 2024 5.4.24 Unr¢stricted ftind 5.4.23 Tolul fidS Notes INCOME A]YD ENDOWMENTS FROM Inv¢stmenl income 63,214 63,655 [1 XPENDITURE ON Raising funds 28,14U 27,714 CharItbIL actlvltles Chai'itable acliviliei% 153.868 186,756 TotAI 182,OU8 214,470 Net gainsl(loss¢s} on invL'slmcnls 174,053 (250,171) NET INCOMEI(EXPLJYDITURE) 55,259 (400,986) RECONCILIATION 014 FUNDS Total lunds brou¥hl forward 2,537,4U3 2 ()38,389 TOTAL FUNDS CARRIED FORWARD 2,592,6C)2 2,537,403 Tile notes fomi part of th¢sc finaftcial statements Page 5
The Jack D 11 alio Bal4Trnce Slieet 5 A ril 2024 5.4.24 Unr¢btrirl¢d ftind 5.4.23 Total ftinds Notes FIXED ASSETS Tangibl¢ ass¢ts Investrncnts 573,431 2.021,499 573,497 1,902,239 2,594,930 2,535,736 CURKENT ASSETS Cash at bank 13,523 31,629 CREDITORS Amoiint8 falling diie within one year (15,791) (29,962) NET CUIIRLNT ASSETS (2,268) 1,667 T()TAL Assfi.TS LESS CURRENT LIAJ31LITIES 2,592,662 2,537,403 NFT ASSETS 2,592,662 2,537,403 FUNDS Unres11'icled funds 2,592,662 2,537,403 TOTAL FUNDS 2,592,662 2,537,403 Th¢ tiiiai)cial staten)cnts w¥re approved by th¢ Board of Trust¢os and auihoribLd for issu¢ 011 17 DL¢¢mbcr 2024 and were signcd oil ils behalf by.. A Dollond- Trustee A Dollond - Trustce E Dollond- Trustee Tlic notcs forni part ofihcsc financial stalements Pas¢ 6
The Jack D Ilond F iindation
NoLes Lo Ilie FinancicTrl Stateinents
t.or the Year Ended 5 A ril 2024
ACCOUNTING POLICIES
Basis of preparing the financial Statements
TIIL financial 8latcment8 of tlic cl)arity, wliich is a public benefit entity undor FRS 102, havv been preparc'd in
aLLordance witli the Charities SOEiP (FRS 102) 'ALLounling and Reporting by Charities.. St(Ileincnt of
R¢commend¢d PraLIic¢ <ippIicdble io charities prepdringj Ihcir accouiits in accoi'dance with the Financial
Reporting Standard applicable in the UK and RL'public of Ireland {I."RS 102) (effectiv¢ l January 2019),,
Findllci(Il Riporting Siandard 102 'Th¢ FinanLial R¢porling Standard applic<iblc in ihr UK dnd Republic of
Lrel<ind' 12nd the Charitie8 ilct 2011. The fiiianLial slc?ternentg blrn prepared linder the hisloi'iual cost
convention, wilh the excepiion of inve%liiients whiLII Ic fL in¢liidL,d at niarkcl valiie, <18 mndifiLd by Ihc revaluation
of certain clssets.
Income
All iiiLome is rc¢ognis¢d in the Slat¢ment of Financial Activities onLe the charity has entitlement to the funds, it
is probablc Iliat the income will be received and tlitt amoiinl can be measured i-knliably.
F,xpen(liture
LiabililiLs arL recogni8ed expen
' The Jack Dollond Founddtion Not¢5 lo tli¢ Finanliiil Stst¢mL'nts - continuL for the Year Ended S A ri5 2024 INVESTMENT INCOME 5.4.24 5.4.23 Dividends Interest 20,941 42.273 30225 33.430 63,214 63.655 RAISING fiUNDb Investment MnglmCnt Costs 5.4.24 5.4.23 Ciisiody & protessional fees 211,140 27,714 TRUSTEES, REMUNLRATION AND BENEFITS There were iio trustees, remuneration or other bcnefilèi for the Ye elidcd 5 April 2024 nor for thc ycur endtsd 5 April 2023. Trustee5' expenses Ther¢ were iio trusluLs' Lxpen%cty paid for the year ¢nded S April 2024 nor lor the year endvd 5 April 2023. COMPARAI'IVES foR THE SI'AI'EMENT OF FINANCIAL ACTIVITIES Uiue5tricled lund INCOME AND ENDOWMENTS FROM Inv¢r>tmcnl inuome 63,055 EXPENDITURI ON Rllibin¥ fiinds. 27,714 Charitoblc ltivItieS Charilable activitics 18ti,756 Total 214,470 Net gainsl(lo%s¢s) on inve.stments (250,171) r4ET ILYCOIIILI(EXVEf4DI I'UKL) (4QQ,986) REC0Tr4CTLTATION OF FUNDS Total funds brought torward 2,938,389 TOTAL FUNDS CARIUED FORWARD 2,537,403 Page 8 ontiniicd...
' I'he ack undali Notes to th¢ Financial Slat¢menls - continued tor the Year Ended 5 A ril 2024 TANGIBLE FIXED ASSETS Fixtures and filtiiigs rTcchold prop¢ty 'rot8ls COST At 6 April 2023 and 5 April 2024 573.233 31,758 604,991 DEPRECIATION At 6 Api'il 2023 Charge for year 31,494 66 31,494 66 At 5 April 2024 31,560 31,560 NET BQOK VALUE Ai 5 April 2024 573,233 198 573,431 At 5 April 2023 573,233 264 573.497 FIXED ASSET INVESTMENTS Listed invL.slinLnls MAIIIIET VALUE Al O April 2023 AdLlitionb Revalliations 1 ()62,239 62,707 {3,447) At 5 April 2024 2.021,499 NET BOOK VALUE Al 5 Api'il 2024 2.021,499 At 5 April 2023 1,962.239 Fixed asset investments at market value cornprise: UK inveslnicnl assots ainounting lo £1,421,678 aiid fo'1gn iiivislmunt (L%SCts amounlingy to £599,821. The historical Cost of fixcd a55Ct invebtsncnts at 5ih April 2024 amouI)t¢d tv £1,394,535. Cost or valiiatioii at 5 April 2024 is repi-esented by.. Listed iiiv¥slrnLnis' Valuation in 2021 Valiialion in 2022 Valuation iii 2023 Valiialion in 2024 2,251,283 97,583 (386,627) 59,260 2,021,499 Page 9 continiied...
Tb¢ Jack Dollond Foundation Notes to the Financial 8tatements - continued tor the Year Ended 5 A l.il 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Trade creditors 15,791 29,962 MOVEMLNT IIY FUNDS Net movement in fund At 5.4.24 Al 6.4.23 Unresti'ieted I'unds tieiieral Rund 2,537,403 55,259 2,592,662 TOTAL FUNDS 2,537,403 55,259 2.592,662 Nel movcimcnt in fi)iids, incliided iii the above are as follows: Resuiir¢L'¥ expeiided Gaiiib dnd l(i.sses M()vLiii¥nt in tiinLIs resoiii'c¢s Unr¢striLted I'unds General tund 63,214 (182,0011) 174,053 55,259 TOTAL FUNDS 63,214 (182,001S ) 174,053 55.259 Con)parAtives for movement In funds Net muvLment in tuii(Ib At 5,4.23 At 6.4.22 Unrestrlcted funds Gen¢ral fund 2,938,389 (400,986) 2,537,403 TOTAL FUNDS 2,938,389 (400,986) 2,537.403 Coiiiparative nct movement in tunds, included in tlie abovc are as tollows: In¥oniiiig rLsouILes Ribourccs expcndcd G(iins dnd 108scs Movcincnt in tund Unrestricted funds General fund 63,655 (214,470) (250,171) (400.9861 TOTAL FUNDS 63,655 (214.470) (250,171) (400.986) Page 10 continued...
The Jack Dollond Foundalion Notes to tlie Financial for thL Ycdr Eiidcd 5 A tqlements - continiied ril 2024 MOVEMENT IN FUNDS - tontinued A current year 12 months and priur Ye 12 monthq combined position is as lollows: Net movcillcnt in t-unds At 5.4.24 At 6.4.22 Unrestricted funds General fund 2,9311,389 (345,727) 2,592,062 TOTAL FUNDS 2,938,389 (345,727) 2,592,662 A ciirrenl year 12 months and prior year 12 months combincd nel movcmcnt in fiinds, included in the above are 35 follows.. liiconiiiig res0111'Le5 ResoLirLes expende(I Gains and 1051>ei> Mov¢menl iii fiind Unrestrleted funds General fiind 126,869 (396,478) (76,118) {345,727) TOTAL liUNDS 126,869 (396.478) (76,118) (345.727) io. RELATED I>ARTY DISCLOSURE, There wore no i'elatcd paty transactions for ihe year ended 5 April 2024. Pagell
The Jack Dvllund Foundation Detailed Statemenl ot"FiDftncial Activities tor the Year Ende ril 2024 5.4.24 5.4.23 INCOME AND ENDOWMENTS Investment income Dividends Interest 20,941 42,273 30,225 33,430 63.214 63,655 Total InLomlng resources 63,214 63,655 EXPEN'DII'URE Investmlnt managFLillL'nt costs Ciislody & professional t.ees 28,140 27,714 Charltable activllles Grants to institulions 124,807 158,971 Support costs Governance costs PropLty expenstr5 GLnci'al ollitse CXPLnses iindriL Accouiilancy r)epreci£ilion Baiik inl#rest 17,533 1.233 202 9,995 66 32 13,967 1,542 1711 11,994 88 16 29,061 27,785 Total resourcc% ¥xp¢iidcd 182,008 214,470 Net expenditure before gains and losses (118,794) (150,815) RL'ulised rLLvLinlsed galn5 and losses Realised gains/(losses) on fixcd asscl iiivcstnients 174,053 {250,171) Net Incom¢l(expcndllure) 55,259 (400,986) This page does iiot foiTn part of the statutory financial statements Pag¢ 12