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← The Joy And Malcolm Lyons Foundation

2024-04-05-accounts

Charity number: 1050689

THE JOY AND MALCOLM LYONS FOUNDATION

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

THE JOY AND MALCOLM LYONS FOUNDATION

CONTENTS

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

THE JOY AND MALCOLM LYONS FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024

Trustees

Mrs J P Lyons, Chair Mr J S Newman Mr M L Weinstein

Charity registered number 1050689 Principal address 40 Chessington Avenue London N3 3DP Independent Examiner Jake Lew FCA BKL Audit LLP 35 Ballards Lane London N3 1XW

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THE JOY AND MALCOLM LYONS FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2024

The Trustees present their annual report together with the financial statements of the The Joy and Malcolm Lyons Foundation for the 6 April 2023 to 5 April 2024. 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 and Financial Review

During the year, the charity received donationsof £73,614 (2023: £0). This includes a total of £71,073 from a company controlled by one of the trustees. Donations totalling £74,584 (2023: £221,450) were made to other registered charities and a breakdown of these is provided Note 7 to the accounts. The charity also maintains a small investment portfolio with a value of £32,999.

The charity remains in a positive financial position at the end of the year

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

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.

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 2024 amounts to £57,261 (2023: £59,917). The Trustees believe that these funds are adequate to ensure that the charity can run efficiently and meet the needs of beneficiaries.

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THE JOY AND MALCOLM LYONS FOUNDATION
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TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
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Structure, governance and management

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 charities 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 period. In preparing these financial statements, the Trustees are required to:

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 13 November 2024 and signed on their behalf by:

Mrs J P Lyons (Chair of Trustees)

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THE JOY AND MALCOLM LYONS FOUNDATION

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2024

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 2024.

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

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

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

Signed: jh Jake Lew FCA

Dated: 8, tl hroye Independent examiner

BKL Audit LLP 35 Ballards Lane London N3 1XW

Page 5

THE JOY AND MALCOLM LYONS FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024

Unrestricted Total Total
funds funds funds
2024 2024 2023
Note £ £ £
Income from:
Donations and legacies 2 73,614 73,614 -
Investment Income 3 999 999 3,549
Total income 74,613 74,613 3,549
Expenditure on:
Charitable activities 5 74,952 74,952 220,369
Total expenditure 74,952 74,952 220,369
Net expenditure before net losses on investments (339) (339) (216,820)
Realised losses on investments (2,836) (2,836) (21,337)
Net movement in funds before other recognised i
gains/(losses) (3,175) (3,175) (238,157)
Other recognised gains/(losses):
Gains on revaluation of investments 519 519 2,891
Net movement in funds (2,656) (2,656) (235,266)
Reconciliation of funds:
Total funds brought forward 59,917 59,917 295,183
Net movement in funds (2,656) (2,656) (235,266)
Totalfundscarriedforward 57,261 57,261 59,917

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

BALANCE SHEET AS AT 5 APRIL 2024

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2024 2023
Note £ x
Fixed assets
Investments 9 32,999 42,312
Current assets
Cash at bank and in hand 24,862 17,905
24,862 17,905
Creditors: amounts falling due within one
year 10 (600) (300)
Net current assets 24,262 17,605
Total net assets 57,261 59,917
Charity funds
Restricted funds - -
Unrestricted funds 57,261 59,917
Total funds 57,261 59,917
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The financial statements were approved and authorised for issue by the Trustees on 13 November 2024 and signed on their behalf by: ou 1 Ev_S Mrs JPL s (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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

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 providea ‘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.

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.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

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 asa commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

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THE JOY AND MALCOLM LYONS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2024

ts 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.

1.5 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 2024

2. Income from donations and legacies

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Donations 71,073 71,073 -
Grants 2,541 2,541 -
73,614 73,614 “

The donations received come from a company controlled by Joy Lyons, one of the trustees.

3. Investment Income

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Dividend and interest receved 999 999 3,549
Total2023 3,549 3,549

4. Analysis of charitable activities

To Total Total
Institutions funds funds
2024 2024 2023
£ £ a
Donations to other charities 74,584 74,584 221,450

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THE JOY AND MALCOLM LYONS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

5. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds Total Total
2024 2024 2023
£ = £
Charitable activities 74,952 74,952 220,369
Total2023 220,369 220,369

6. Analysis of expenditure by activities

Donations Support Total Total
and gifts costs funds funds
2024 2024 2024 2023
£ £ £ £
Charitable activities 74,584 368 74,952 220,369

Analysis of support costs

Charitable
activities		 Total
funds		 Total
funds
2024 2024 2023
£ £ £
Independent Examination fee 300 300 (1,440)
Bank charges and investment management fees 68 68 359
368 368 (1,081)
Total2023 (1,081) (1,081)

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THE JOY AND MALCOLM LYONS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

1 Charitable Donations

2024 2023
£ £
Chief Rabbinate Trust - 10,000
Chai - 1,000
United Synagogue US Chesed - 5,000
Hassadna Jerusalem 2,000 7,000
Magen Avot 680 1,500
Food Lifeline ZSV Trust - 1,930
British Emunah - 1,000
Chesed Food Bank 10,000 -
P Nathan Benevolent Trust 2,000 -
Sacks Morasha - 5,000
Chabad Lubavitch 4,600 1,500
G.1.F.T 10,000 3,000
Hatzola Ambulance 22,136 150,000
World Jewish Relief - 10,000
Beit Halochem - §,500
Mitzvah Day 1,000 1,500
Jami Community - Mental Health 1,360 -
Jewish Care : 500
Protecting Our Jewish Community 1,000 -
London School ofJewish studies - 1,000
Anne Frank UK Trust 1,000 -
Israeli Dance Institute 1,000 -
Sage 1,000 -
Noa Girls 2,000 -
United Synagogue UK 1,308 1,000
Magen David Adom 5,180 -
Yad Vashem 1,000 -
Friend of Esra - 1,000
Donations- total amount below £500 7,320 14,020
74,584 221,450

8. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - ENIL).

During the year ended 5 April 2024, no Trustee expenses have been incurred (2023 - £ENIL).

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THE JOY AND MALCOLM LYONS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

9. Fixed asset investments

Listed Other
investments investments Total
£ £ £
Cost or valuation
At6 April 2023 39,544 2,768 42,312
Additions 109,756 . 109,756
Disposals (118,095) - (118,095)
Revaluations 519 - 519
Movement during the year - (1,493) (1,493)
At 5 April 2024 31,724 1,275 32,999
Net book value
At 5 April 2024 31,724 1,275 32,999
At 5April2023 39,544 2,768 42,312
10. Creditors: Amounts falling due within one year
2024 2023
£ z
Accruals 600 300
11. Summary offunds
Summary offunds - currentyear
Balance at 6 Gains/ Balance at 5
April 2023 Income Expenditure (Losses) April 2024
£ £ £ 3 £
Generalfunds 59,917 74,613 (74,952) (2,317) 57,261

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THE JOY AND MALCOLM LYONS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

12. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted Total
funds funds
2024 2024
£ =
Fixed asset investments 32,999 32,999
Current assets 24,862 24,862
Creditors due within one year (600) (600)
Total 57,261 57,261

Total

Analysis of net assets between funds- prior period

Unrestricted Total
funds funds
2023 2023
£ £
Fixed asset investments 42,312 42,312
Current assets 17,905 17,905
Creditors due withinone year (300) (300)
59,917

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pve VS

The Joy and Malcolm Lyons Foundation 40 Chessington Avenue London N3 3DP Novenber rd 209 is

Your ref: JL/THEOS6

BKL Audit LLP

35 Ballards Lane London N3 1XW

Dear Sirs

The Joy and Malcolm Lyons Foundation

We confirm to the best of our knowledge and belief and having made appropriate enquiries of other trustees and officials of the Charity, the following representations in connection with your report on the Charity's financial statements for the year ended 5 April 2024.

Registered charity no. 1146538

  1. We believe that the Charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding and support will be more than adequate for the Charity's needs. We have considered a period of twelve months from the date of approval of[the][financial] statements. The Trustees wish to note that since the year end notice has been given on the premises to which the charity currently occupies and performs most of its charitable activities from. The Trustees are actively seeking alternative premises to occupy.

We believe that no further disclosures relating to the Charity's ability to continue as a going concern need to be made in the financial statements.

  1. Weconfirm that there were no transactions with related parties of the Charity or amounts due to or from related parties at the balance sheet date which are required to be disclosed in the financial statements other than those which are detailed in the notes to the financial statements.

  2. Apart from the above post balance events, we confirm that there have been no other events since the balance sheet date which necessitate revision of the figures included in the financial statements or disclosure in the notes to the financial statements. Should further material events occur, which may necessitate revision of the figures included in the financial statements or inclusion of a note thereto, we will advise you accordingly.

  3. Allgrants, donations and other monies, the receipt of which is subject to specific terms or conditions, have been properly recorded in the financial statements as restricted funds. All other donations received are recorded and accounted.

  4. Weconfirm that all the grants paid during the year ended 5 April 2024 were to charitable institutions or for charitable purposes.

Yours faithfully

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Mrs JP Lyons
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Signed on behalf of the Board of Trustees The Joy and Malcolm Lyons Foundation 13 November 2024

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