2022-04-05-accounts

Charity number: 1050689

THE JOY AND MALCOLM LYONS FOUNDATION

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TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

THE JOY AND MALCOLM LYONS FOUNDATION

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CONTENTS

	Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers	1
Trustees’ Report	2-3
Independent Examiner's Report	4-5
Statement of Financial Activities	6	;
Balance Sheet	7
NotestotheFinancialStatements	8-14

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THE JOY AND MALCOLM LYONS FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2022

Trustees Mrs J P Lyons, Chair Mr J S Newman Mr ML Weinstein

Charity registered number 1050689 Principal address 40 Chessington Avenue London N3 3DP

Accountants Landau Baker Limited Chartered Accountants Mountcliff House 154 Brent Street London NW4 2DR

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THE JOY AND MALCOLM LYONS FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2022

The Trustees present their annual report together with the financial statements of the The Joy and Malcolm Lyons Foundation for the 6 April 2021 to 5 April 2022. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

Objectives and activities

a. Policies and objectives

The objective of the Trust is to distribute the income of the Trust to various charitable causes as determined by Mr M S Lyons during his lifetime and thereafter by the Trustees. Mr Lyons passed away on 14 August 2019.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)'.

b. Main activities undertaken to further the charity's purposes for the public benefit

The main activity undertaken to further the charity's purposes is making donations to other registered charities.

Achievements and performance

a. Review of activities

During the year donations totalling £73,885 (2021: £35,420) were made to other registered charities.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

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The Trustees have the power to hold capital and income and to distribute these for charitable purposes only.

c. Financial risk management objectives and policies

The attached financial statements show the current state of finance which the Trustees consider to be sound.

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The Trustees have reviewed the charity's need for reserves in line with the guidance issued by the charity commission. The balance of funds at 5 April 2022 amounts to £295,183 (2021: £119,475). The Trustees believe that these funds are adequate to ensure that the charity can run efficiently and meet the needs of beneficiaries.

Structure, governance and management

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THE JOY AND MALCOLM LYONS FOUNDATION

oe TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

Structure, governance and management (continued)

a. Constitution

The Joy and Malcolm Lyons Foundation is a registered charity, number 1050689, and is created by a deed dated 2 November 1995.

b. Methods of appointment or election of Trustees

The power of appointing new or additional Trustees Is vested in the Trustees.

The Trustees acknowledge the contribution made by the late Mr MS Lyons without whom this Foundation would

not exist.

Plans for future periods

The Trust plans to operate as in previous years giving donations to charitable causes.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charitles In England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, Including Its Income and expenditure, for that perlod. In preparing these financial statements, the Trustees are required to: .

• select suitable accounting policies and then apply them consistently;

• ° observe the methods and principles of the Charities SORP (FRS 102); e make judgments and accounting estimates that are reasonable and prudent;

• ° state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• ° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 31 January'2023 and signed on their behalf by: MrsPeonJ PLyoni , (Chair of Trustees) e

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THE JOY AND MALCOLM LYONS FOUNDATION

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2022

Independent Examiner's Report to the Trustees of The Joy and Malcolm Lyons Foundation (‘the charity’)

| report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2022.

Responsibilities and Basis of Report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

| report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

| understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

| 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. This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that | might state to the charity's Trustees those matters | am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

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THE JOY AND MALCOLM LYONS FOUNDATION

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INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

Signed: LL Ly

Dated: 31 January 2023

Jake Lew

Chartered Accountant

Landau Baker Limited Chartered Accountants Mountcliff House 154 Brent Street London NW4 2DR

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THE JOY AND MALCOLM LYONS FOUNDATION

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
	Note	£	£	£
Income from:
Donations and legacies	2	250,000	250,000	10,000
Investment Income	3	1,787	1,787	2,096
Total income		251,787	251,787	12,096
Expenditure on:
Charitable activities	5	74,185	74,185	37,605
Total expenditure		74,185	74,185	37,605
Net income/(expenditure) before net gains on
investments		177,602	177,602	(25,509)
Realised gains on investments		6,266	6,266	1,989
Net movement in funds before other recognised		eS——	——
gains/(losses)		183,868	183,868	(23,520)
Other recognised gains/(losses):
Gains on revaluation of investments		(8,160)	(8,160)	7,653
Net movement in funds		175,708	175,708	(15,867)
Reconciliation of funds:
Total funds brought forward		119,475	119,475	135,342
Net movement in funds		175,708	175,708	(15,867)
Totalfundscarriedforward		295,183	295,183	119,475

The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 8 to 14 form part of these financial statements.

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THE JOY AND MALCOLM LYONS FOUNDATION

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|||||||||| |---|---|---|---|---|---|---|---|---| |LS|eS|SSS|SSS|SS|SSS|sr|ofSs|SVS| |BALANCE SHEET| |AS|AT|5 APRIL 2022| |a| |2022|2021| |Note|£|£| |Fixed|assets| |Investments|9|272,568|107,935| |Current|assets| |Cash|at bank and|In|hand|24,655|13,540| |24,655|13,540| |Creditors:|amounts|falling|due|within|one| |year|10|(2,040)|(2,000)| |Net|current assets|22,615|11,540| |Total|net|assets|295,183|119,475| |Charity|funds| |Restricted|funds|-|-| |Unrestricted|funds|295,183|119,475| |Total funds|295,183|119,475|

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The financial statements were approved and authorised for Issue by the Trustees on 31 January 2023 and ne on thelr behalf by: Mrs JPmALyonsLuor ;

(Chair of Trustees)

The notes on pages 8 to 14 form part of these financial statements.

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THE JOY AND MALCOLM LYONS FOUNDATION

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

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1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Joy and Malcolm Lyons Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

• 1.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

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THE JOY AND MALCOLM LYONS FOUNDATION

a NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

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1. Accounting policies (continued)

1.4 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

Investments held as fixed assets are shown at cost less provision for impairment.

• 4.5 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

• 1.6 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

1.7 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

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THE JOY AND MALCOLM LYONS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

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2. Income from donations and legacies

		Unrestricted funds	Total funds	Total funds
		2022	2022	2021
		£.	£	£
	Donations	250,000	250,000	10,000
	Total 2021	10,000	10,000
3.	Investment Income
		Unrestricted funds	Total funds	Total funds
		2022	2022	2021
		£	£	£
	Dividend	1,787	1,787	2,096
	Total2021	2,096	2,096
4.	Analysis of charitable activities
		To	Total	Total
		Institutions 2022	funds 2022	funds 2021
		£	£	£
	Donationstoothercharities	73,885	73,885	35,420

3. Investment Income

NO

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THE JOY AND MALCOLM LYONS FOUNDATION

a ne SSS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

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5. Analysis of expenditure on charitable activities

Summary by fund type

	Unrestricted
	funds	Total	Total
	2022	2022	2021
	£	£	£
Charitable activities	74,185	74,185	37,605
Total2021	37,605	37,605

6. Analysis of expenditure by activities

		Donations and gifts	Support costs	Total funds	Total funds
		2022	2022	2022	2021
		£	£	£	£
Charitable	activities	73,885	300	74,185	37,605

Analysis of support costs

	Charitable activities 2022	Total funds 2022	Total funds 2021
	£	£	£
IndependentExamination fee	40	40	2,141
Bank chargesand investment management fees	260	260	44
	300 a ee	300	2,185
Total2021	2,185	2,185

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THE JOY AND MALCOLM LYONS FOUNDATION

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a NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

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7.	Charitable Donations
		2022	2020
		£	£
	Chief Rabbinate Trust	5,000	-
	Chai	4,000	-
	United Synagogue US Chesed	40,000	-
	Hassadna Jerusalem	2,000	2,000
	Magen Avot	1,500	-
	Food Lifeline ZSV Trust	1,000	-
	British Emunah	2,000	-
	The Manchester Jewish School for Special Education	1,000	-
	Phylliss Nathan Trust	1,000	1,000
	Noam School	-	7,000
	Chabad Lubavitch	4,800	1,000
	GA.F.T	2,000	2,000
	United Synagogue Kol Nidre	1,000	6,000
	World Jewish Relief	11,000	10,000
	Hendon Co-ordinated charities	-	1,000
	Mitzvah Day	1,000	-
	Jami community - mental health	2,800	-
	Jewish care	1,000	-
	Friends ofthe Sick (Chevrat Bikkur Cholim)	4,000	-
	Sage Foundation	1,800	-
	Anne Frank UK Trust	1,000	-
	Gingerbread charity	1,000	-
	FollicularLymphoma Noa Girls Kisharon	2,000 4,000 4,000	- - -
	UniversityJewish Chaplaincy Norwood-community support	1,000 1,500	- -
	CST	1,800	-
	Jewish Women's Aid	1,000	-
	Donations<1000	11,685	11,420
		73,885	35,420

8, Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - ENIL).

During the year ended 5 April 2022, no Trustee expenses have been incurred (2021 - £NIL).

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THE JOY AND MALCOLM LYONS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

9. Fixed asset investments

				Listed	Other
				investments	investments	Total
				£	£	£
	Cost or valuation
	At 6 April 2021			50,374	57,561	107,935
	Additions			531,750	-	531,750
	Disposals			(305,055)	-	(305,055)
	Revaluations			(8,160)	-	(8,160)
	Movement during the year			-	(53,902)	(53,902)
	At 5 April 2022			268,909	3,659	272,568
	Net book value
	At 5 April 2022			268,909	3,659	272,568
	At 5April2021			50,374	57,561	107,935
10.	Creditors: Amounts falling due within one year
					2022	2021
					£	£
	Accruals				2,040	2,000
41.	Summaryof funds
	Summary offunds - current year
		Balance at 6			Gains/	Balance at 5
		April 2021	Income	Expenditure	(Losses)	April 2022
		£	£	£	£	£
	Generalfunds	119,475	251,787	(74,185)	(1,894)	295,183

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THE JOY AND MALCOLM LYONS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

12. Analysis of net assets between funds

Analysis of net assets between funds - current year

	Unrestricted	Total
	funds	funds
	2022	2022
	£	£
Fixed asset investments	272,568	272,568
Current assets	24,655	24,655
Creditors due within one year	(2,040)	(2,040)
Total	295,183	295,183

Analysis of net assets between funds - prior year

	Unrestricted	Total
	funds	funds
	2021	2021
	£	£
Fixed asset investments	107,935	107,935
Current assets	13,540	13,540
Creditorsduewithinoneyear	(2,000)	(2,000)

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