YOUTH ALIYAH - CHILD RESCUE (A Company Limited by Guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 YOUTH ALIYAH- CHILD RESCUE CONTFwrs Charity Iiiforniatio Trusie¢s' Report Iiid¢pendeiit Aiiditor's Report 7- 10 Stat¢inent of Finaiicial Activities Balanc¢ Slieets 12 Statement of Cash Flows 13 Notes to the Accounts 14-26 YOUTH ALIYAH- CHILD RESCUE CHARITY INFORMATION Trustees M F Robinson (Cliaimian) A D Curtis S M Strauss B S Curtis A J Taylor H Soiiing B Leaver P Diamond G Spital s￿retary Ms D Mehdi Company number 3845916 Charity number 1077913 Registered office address 235 Regents Park Road Finchley London N3 3LF Principal bankers HSBC 69 Pall Mall London, SWIY SEY Auditors Goldwins Limited Chartered Accountants and Registered Auditors 7S Maygrov¢ Road London NW6 2EG Solicitors Martin Paisner CBE Payne Hicks Beacli 10 New Square Lincoln's Inn iA)ndon WC2A 3QG YOUTH ALIYAH- CHILD RESCUE TRUSTEES, REPORT The trustees presenl iheir report and financial statements for tl)e yeai. ending 31 March 2023. STRUCTURE, GOVERNANCE AND MANAGEMENT l. Governin Document Youll) Aliyah Child Rcscue is a charitable companv liinited by guarantee, incorpor21ed on 21 Septeinber 1999. The coinpaiiy was established uiider a Memorandiim of Association, whicl) established the objects and powcr5 of the cliaritable coinpany and is goveriicd ui)der its Articles of Asgociation. In the cvciit of the coinpaiiy being wound up, members ar¢ rcquir¢d to rontributc an ainount i)ot exceedinb? £10. ointment of Trustees All Directors of the Compai)y are also Trustces of tlie Charity. All of tlie trustees ar¢ named oil page l. Tlic board has tli¢ powei. to appoint additional Trustees as it considers fil io do $0. Under the requirLincnts of tli¢ Articles of Association one third of the TrLlStees are required to retire by n)t2tion ai the Annual General Meeting. 3.or #nisthtion The board of trusteeq adininisiers ihe Churily. The d¢iy-tn-day opei'ation<11 respoi)sibility is delegated io tlie Cl)icf Execiitiije Officei. Ivlio in tLirii ad* ises tlie Boai.d 011 Strategic aiid liiiaiicial iSSLies. l-lie Boai'd has overall r¢spoiisibility foi. Iii)aiicial coiitiol of ili¢ Cliarily. The Boai'd curi'eiitl), I'eceives qiiartei'ly manaTreineiii accounts. 4. Strate ic Review As explained in tlie previoLlS yeai. s Trustee Report, extenial Consiiltaiils ￿'ere iiistriicted to Lotnplete a full Sti'ateoic Rcview of tlie Cliarity. The final repoii was received in April 2022 wliicli contained a SLltnniary of RecoiT)Ineiidatioiis tliat l)ave since beei) iiicorpor2ted iiito the I'uiiiiing oftlie Chai'ity by tlie Trustees. 5. Risk Mana emenl The trustees have a Risk R¢gislcr. whicli comprises.. A review of tli¢ risks the chariry may face. -rile establishment of systeins aiid procedures to Initigate rhose risks ideiitified in the plan. and The impleineiitatioii of procedures desigiied to lnin1ini￿ any potential impact on tlie chai'ity should ihose I'isks materialise. Over the past year, tlie ri5L iiiaiiageineiit strategy has beeii reviewed ai)d iiMpleinei)ted. Tlie Treasurer atÉeiided a charities worksliop in this I'egard which Iiigl)Ij￿hIed areas in whicli the strategy could be enhanccd and St￿ligthened. Tlie Treasurer continues to provide montlily reports to the Ti'ustees coveriiig invcslinciits and available funds in the cl)arity. Tlie Ti'LlStees are also issued a fortniglitl J, I'¢port with details of tlie cliai'ity's incoine. A key eleinent in the maiiagement of financial risk iq the setting of a reserves policy and its regLilar revieiv by trustees. YOUTH ALIYAH- CHILD RESCUE TRUSTEES, REPORT 6. Structllre Melvin Robinson continues to be Chaimian. A Ton Taylor continues to serve as Honorary Treasurer. Daliah Melidi continues to serve as Cliief Executive Officer. In addition to the ongoing meetings of the Board's committees, ad hoc fundraising ¢ommittees were formed to hold fundraising events. OBJECTIVES AND ACTIVITIES Youth Aliyah Child Rescue raises funds to help support the maintenance of the 2.600 children and youngsters currently residing in tlie five Youtl) Villages and two leadership programmes under the auspices of our charity. These children have b¢¢n designated 'at risk, by the authoritie5 and I￿ve voluntarily cliosen to enter our programm¢. In addition, the Irustees have coininitted to supporting the Village Way Educational InitiatlV¢s foT an additional period of one year. This support will help the programme. currently aciive in over 70 educational settings. io take the ethos of our Youth Villages into other Youth Villages and educational institutions working with at risk cl)ildren across Israel. As well as general maintel￿nCe (bTidging the defieit of the government subsidy) w¢ help fund major projects such as new dormitories, sports and arts facilities, th¢rapeuii¢ programmes. and provide scholarships and vocational training. The activities of th¢ charity are broadly as follows.. Two annual postal appeals- Rosh Hashaiiah and Pesach Quarterly newsletters (email and paper) Kol Nidre appeal in Syiiagogues Fundraisiiig events through tlie year Development of 'large givers, donor base and foundations Approaching and organising events for young professionals Development of joint ven1ur￿ between our charity and youth mov¢m¢nls and schools Arranging visits of individual donors to the villages A bar/bat mitzvah Chariiy project progranime Marketing Bnd Public Relations (iiewsletters, website. e-newsleÉters, campaigns etc) Legacy programm¢ (participating in Jewish Legacy Campaign together with 42 other charities). Events On Monday 18 April 2022, 35 supporters were taken on a tour of two Youth Villages 111 Israel. On 26 June 2022, six pcople participated in the Maccabi Fun Run for our charity. On l March 2023, a group of 15 donors enjoy¢d an evening at the home of our Life Pairon, Adrienne Su5sman. We were joined by SI￿an Weijel. Deputy Director of Yemin Orde. and She gave us an update on the Youth Village. YOUTH ALIYAH-CHELD RESCUE TRUSTEES, REPORT aeies Legacies ainounting to £211,836.1 I were received, as detailed below.. Amount Redbart Karii Dickson £20,000.00 £7,510.59 £169,325.52 £5 000.00 £10,000.00 £211,8J6.11 Koriiber Total In addition to this, th¢ two flats iii the rciital property on Portland Road in Hove, bequeathed to us by Stella Hartsilver Z'I, ¢oniinue to be rented and are generating regular income for the charity. VILLAGES All tlie villages aiid prograinines tliat we 5UPPOrt coiitinue lo beiiefil froin ai)iiual Inaii)tti)an¢e funding. as well as scholarsliip funds for eacli village's most financially disadvantaged cliildren. In light of tlie RLis%ian ivar ii) Ukiaiiic, theTe has been a significaiit i11cre￿e in thc nLiiiiber of both Ukraii)ian aiid Russian yoiith arriving iii Israel. Tliree of our Youtli Villag¢s. iiainely Yemiii Ol'de. Aloiiev Yitzcliak aJ)d Neve Hada55ali, have taL¢ii in groups ol. UkTaiiiiaii cliildrei) siiTrce ilie wai. began. Most liave foi'mal refiigee siaius and have left their fatnilies behind. Soine have arrived with the few family Inembers who were allowed to leave. All liave left failiers. uncles and brothers who have reinained to fight. As the ivar continued, more fatnilies iii Russia started io send their childrei) to our Yoiitli Villages. hopiiig for a better luture for tl)ein. Tlie ne¢ds of tlie5e cliildren are exteilsive, ranuing from basic physical needs su¢li Js slioes to ihc complex psychological affects of trauina. The Youth Villages hired additioiial RLISSiaii-speakiiig leaching and Iherapeuiic staff lo better support tl)e new arrivals. Alone Yitzhak Ongoing funding was secured for a programine that provides the infrastructure thai allow stiidents to voILlllteer in the areas surroundiiig tlie youth village. This iiot Diily allows the young people to make coni)ectioiis willi their broader coinmLII)ity, it also allows tliem to recognise tl)eir own seif-worth by seeing tliai they thernselyes liave something to give. rather than only beiiig ilie recipients of cliaritable a¢ts. Funding also seni io expand the Carler Bakery, a he21th-oriented Litchen that allows the students to Icarn to bake bread and otlier foods for tli¢ir p¢ers aiid for local families in need while learniii¥ about nutrition. Funding pr()vided for the absorption of Ukrainian and Russian children, as abov¢. Tal lot Tlie AniiTJal Tlierapy Centre that we completed last year has becoine a favourite spot for children ai)d slafralike. A5 well as doublii)g¥ the capacity for this mucli loved aiid greatly iieeded ilierapy, tliis projecE lias also significantly improved tlie standard of aniinal welfarc. Tlie facilir), lias raised the profile of the Village natioiially, and allowed them to recruit the highest calibre of therapists. YOUTH ALIYAH-CHILD RESCUE TRUSTEES, REPORT Neve Hgdassah Funding provided for the absorption of Ukrainian and Russian children, as &bov¢. Yemin Orde Student accoininodations were refurbished, allowing students to live in an appropriate setting. An additional yeaT of funding wa5 secured for the Na ale Programm¢, which allows ¢hildren from the former Soviet Union lo attend high scliool in Israel, with the option to subsequently remain in Israel. Funding was sent for the establishment of new Graduate Offices. Funding Provided for the absorption of Ukrainian and Russiaii children, as above. Villa ew In addition to annual m3intenan¢e fuiids, additional funding was Secured for the two pre-army leadership {Mechina} programmes, one for men and one for woinen. These programme5 gives at risk immigrant young people the additional trailling they need in order to have meaningful army careers which, in turn, will Prepare theTn for productive civilian life on discharge. FINANCIAL REVIEW Key financial achievetnents of 2023 ii)clude'. a 320/0 increase in income on th¢ PT¢ViOUS year- from £667,608 to £882,586 maintenance of unrestricted reserves of at leasr 6 months, ¢ore operating ¢osts Excluding grants payable, the Charity's expenditur¢ in 2023 of £255.778 repre5enls an incT¢as¢ of I lQ/o froin £230.358 iii the previous year. This is predominantly a result of the incTease in fundTaising activities during the year. The Chairity's expenditure of £255,778, which are listed in detail on note 6 of the Accounts, represents a ratio of 290/0 of total in¢oJn¢. Support and Governaiice Cost5 represent a ratio of130/o of total income. Our grants to the Villages in Israel totalled £714,522 which was a reduction from £767,092 in 2022. Th¢ Trust¢¢S' Te5erve5 policy aims to maintain general reserves broadly equivalent to one year's support and governance to ensure continuity of service. The general reserve as ar 31 March 2023 stood at £402.81 l and the Trustees ¢onsid¢r ihar this wnount m¢ets their aims and allows a further suin lo be distributed. The Finance and Operations Coinmitt¢e, consi5tittg of Anton Curti5, Melviii Robinsoii, Aron Taylor, Grant Spital and Steven Strauss, meet5 quarterly to review and consider the charity's investments. YOUTH ALIYAH-CHILD RESCUE TRUSTEES. REPORT THF. YEAR AHEAD Following last year's stralegic review, Ive rccruited two new team members,. Fundraising and Events Maiiager aiid Markeiing and Adtninistratioii Manager. Jessica Laivrence joined lis in the fonner p(Trsition on 21 November 2022. Danielle Leslie joined u5 in ilie latter role on l February 202). As soon as Jessica started, slie begaii plaiiiiing our 90111 anniversary Gala Dinner on 20 November 2023. as well as a number ot smaller eveiits that are Erustee-led and designed to appeal to their own individual networks. We aTe Slill looking to recriiii a nuinber of new trustees aiid committee mel￿be￿ following a skills audit conducted diiring the strategic plaiining proce5S. OUT goals for tl)e Coiniiig year are tlie following To raise fund5 10 support unanticipated expenses due to tlie Israel-Hainas war To liold in person events in order io increase the amoLint of face-to-face cont2e¢ with ciirrent siipportcrs and to engage new siipporters, as well as to raise fuiid5 To ¢oiitinue to improve our commui)icaiion with our donors througli regiilar newsletters and email coinniunications To contiiiue to raise tlie profile of tlie cliarity iii ilie UK by opliinising all ¢XlSling opporlunilie5 ai)d crf aliii Consolldat•d Statament of cash fl For the year ended 31 March 2023 2023 2022 2022 Cash flo%Y6 from opernllng a¢lfvhl•s: Nel cash promded by / lused inl operaing activities 19 (159A95) 1356,3751 ¢￿h 110￿ from Investlng a¢tlvldw: Interesv rentl dividend5 from investments Salel Ipurchasel of fixed assets Salel (pU￿hase} of investments nA22 (2,1381 80M2 71,561 13,8321 136,5521 Cash provlded by l (u•od In) Inv•sttng •ctMtIo8 152.146 31,177 Cash provld•d by l {u•od Inl flnan¢lng aGtlvftl Chang? In ¢a8h and cash equlvalents In th• year (7,249 1325,1981 ash and cash equivalents al the beginning ol the year 783,278 Ca•h and ¢ash oqufvalent• atthe •nd of tho y•ar 46OM31 4S8,080 13 Youth Altyah - Chlld Rescue (Llmlted by Guaranteel Notas to the flnanclal statsments For the yoar ended 31 March 2023 1 A¢countlThg poll¢l•s al Ba¥15 of preparatlon The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Stalernenl of Recommended Practice applicable lo charities preparing their accounls in accordance wf(h the Financial Reporting Standard applicable in the UK and Republic ol Ifeland (FRS 102- effective 1 January 20151- (Charities SORP FRS 1021 and the Companies Act 2006. The Charitable company meets the definition of a public benefit enlily under FRS 102 Assets and liabilitie5 are initially recognised 81 historical cost or Iran5aclion value unless otherwise slated in the relevant accounting policy or note. Group flnanGlal 8tatemenl8 The financial statements consolidate the results of Youth Aliyah - Child Rescue and ils subsidiary undertakings on a line by line basis. A separate statement of financial aclivilies for the charity excluding consolidated organisalions is not presented as the company has taken advantage of the exemption afforded by SKlion 408 of the Companies Act 2006. b) Golng concern The Iruslees consider Ihal there are no material uncertainties about the charitable company's ability lo continue as a going concern. The Iruslee5 do not consider that there are any sour￿$ of estimalion uncertainly al the reporting dale that have a significant Ilsk of causing a material adjustment to the carrying amounls of assets and liabilities with1n the next reporting period. c) Income Income is recognised when the charity has enlf(lemenl to the funds, any performance condf(ion5 attached lo the Income have been mel. il is probable that the income will be received and that the amount can be MeaSu￿d reliably. Income from government and other gran15, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entillemenl to the funds. any performance conditions allached lo the grants have been mel. il is probable that the Income will be received 2nd the amount can be measured reliably and is not deferred Income received in advance for the provision of specified service is deferred until the criteria for income re¢ognilion are mel. For legacies, enlillement IS taken as the earlier of the dale on which either. the charity is aware that probale has been granted, the eslale has bèen finalised and nolificalion has been made by the execulor(sl ID the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when thè amount can be measured reliably and the charity has been notified of the executor's intention lo make a dislribution. Where legacies have been notified lo the Gharity, or the charity is aware of the granting of probate. and the crileria for income recognition have not been mel. then the legacy is a treated as a conlingenl asset and disclosed if material. d} Donatlon$ of gffts. swvlcos and facllttl8s Donated professional services and donated facilities are Tecognised as income when the charity has Control over the item or re￿iVed the seNi¢e, any Conditions assixialed with the donation have been mel. the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be rneasured reliably. In accordance with the Charities SORP IFRS 1021. volunteer lime is not recognised so refer lo the Iruslees, annual Teport for more information about their On roceipl. donated gifts. professional servi￿$ and donaled lacili(ies are recognised on the basis of the value ol the gift lo the charity which is the amount the charity would have been willing lo pay to obtsin services or facilities of equivalent economic benefit on the open market." a Corresponding amount is then recognised in expenditure in the period of receipt. 14 Youth Altyah - Chlld Rescue (Llmltsd by Guarantse) Notes to the flnanclal statements For the y•ar ended 31 March 2023 l AC￿￿ntIng poll¢los (conllnued) •) Intsrot r•c•lvablg Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charty., this is normally upon nolrficalion of the interest paid or payable by the bank. fj Fund accountlng Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are Unrestr￿ted funds of the charity which the trustees have decided al their discretion lo sel aside to usè for a specific purpose. Restricted funds are donations which the donor has specified a￿ to be solely used for particular areas of the charity's work or for specific projeels being undertaken by the charity. g) Expondtturn and Irrocovorable VAT Expenditure is recognised On￿ there is a legal or ¢onslruclive obligation lo make a payment lo a third party, il 15 probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under Ihe folbwing activty headings". Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties lo make voluntary contributions to it, as well as the cost of any aclivrties with a fundraising purpose. Expenditure on charitable actiwties includes the c0515 of delivering services undertaken to further the purposes of the charity and their ass¢xialed support costs. Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a eosl against the activity for which the expenditure was incurred. h) Alk￿tIon of Support costs Support costs are those functions that a55lSt the work of the Charity but do not directly undertake chaiilable acliv(ties. Support costs include back office costs. finanee, personnel, payroll and goveman¢e costs which support the eharily and its and aclimlies. These costs have been allocated between eosl of raising funds and expenditure on charitable aclivilies. The bases on which support costs have been allocated are sel Dut in note 6. l) Opratlng10880• Rental charges are charged on a sliaighl line basis over the term of the lease. J) Tanglbh Ilxod assots Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciat￿n is provided al rates calculated lo write down the cost of each asset to ils estimated residual value over ils expeded useful life. The depreciation rates in use are as follows.. Computer equipment Software Office equipment and fumrture 250 60 15Q Slraighl line method Slraighl line method Reducing balance method k) Inv•8lm•nt propgrthB Investment properties are included in the balance sheet al fair value and ale not depreciated. Any change in fair value is recognised in the statement of financial activities. The val¢Jalion method used lo determine fair value will be slated in the notes to the accounts. Youth Allyah - Chlld Rescue (Umlted by Guarantee) Not•s to the financial statements For the year ended 31 March 2023 l Accountlng pollcles (contlThugdl l} Ll8t•d Inv••tfflw Investments ale a form of basic financial Instrument and are initially recognised al their transaction value and subsequently measured al their fair value a5 at the balance sheet date using the closing quoled market price. Any change in fair value will be recognised in the slalemenl ol financial activities. m) Debtor8 Trade and other debtors a￿ recognised al the selllement amount. Prepayments are valued al the amount prepaid. n) Cash at bank and In hand Cash al bank and cash in hand includes cash and short term highly l@uid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. ol Cr•dltorn and provWon¥ Creditors and provisions are recognised where the charity ha5 a present obligation resulting from a past event thal will probably result in the transfer of funds lo a third party and the amount due lo sellle th@ obligation can bg measLJred or eslimaled reliably. Creditor5 and provisions are normally recognised al their settlement amount. pl Flnanclal Inslrumonts The charity only ha5 financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial inslruments are initially recogni5ed 81 transaction value and subsequently measured al Iheii selllemenl value with the exception of bank loans which are subsequently measured al amortised cost using the effective inlefesl method. ql Pw$lons Thè charity operatès a defined contribution pension scheme. The cost of the contribution5 made by the charity lo the scheme are Charge5 to profil and105s as incurred. 16 Youth Allyah - Chlld Rescue (Umltod by Guarantse) Notes to the financlal statements For the year ended 31 March 2023 2 Detalled comparafjvo• forth• statemont of Ilnan¢lal •¢uvftI￿ {fvyear) 2022 Unrestricted Funds 2022 2022 Restricted Endowment Funds Funds 2022 Total Funds In¢om& from: Donations and legacies Other trading activities Investments Other income 164,743 8.095 30.287 11,889 386,320 25,000 37 551,063 33,095 71.561 11,889 41,237 Totsl InMm• 215,D14 411.357 41,237 667,608 Expondlturo on: Raising funds Charitable aclivrties 129.641 38,690 1,926 759,959 17,234 50,000 148.801 848,649 Tot•1 oxpondltur• 168.331 761.885 67,234 997,450 Not Incomo 1 oxpwdfturn boforn galn8 1 (loss￿) on Inv•stmonts 46.683 1350.5281 {25,997} 1329,8421 Nel gains l {lossesl on investments Net InGoTh l oxpondlture 80.706 54.709 80.706 1249,1361 46,683 1350,5281 Transfers between lunds 1237,2751 237.275 Net Incom8 11oxpondl￿rO> bofore othgr vecognlsed galns and 108Se8 1190.5921 (113,2531 54,709 1249,1361 Not movomont In fund8 (190.592} 1113,2531 54.709 1249,1361 Total funds brought foward 1.568,500 143,991 2,044,393 3,756,884 T•)tsl fund8 carrf•d foThnrd 1,377.908 30,738 2,099.102 3,507,748 17 Youth Allyah - Chlld Rucug (Llmlted by Guarantse) Notes to tho financlal statements For the year ended 31 March 2023 3 InGomg from donatloThs and legaclos 2023 Total 2022 Total Unreslricled Restricted Endowment Donations Legacies 155,675 211,836 404,108 559.783 211.836 537,960 13,103 367,611 404108 771.619 551,063 4 Incom8 from othertradlng acuvltl 2023 Total 2022 Total Unreslricled Reslricled Endowment Functions Other even15 16,350 16,350 21,195 25,000 8,095 21.195 21.196 16,360 37,545 33,095 6 Incom& from Inveltmènts 2023 Total 2022 Total Unreslricled Reslricled Endowment Bank interest Rent Inve5tmenl income 1,860 133 1,993 27,906 43,524 42 30.287 41.232 27,905 43,524 27,905 43,657 73N22 71,561 18 Youth Alty•h - Chlld Rescue ILlmlt•d by Gu•r4nt••) Notes to the finAnclal 8tatoments For the oar ended 31 March 2023 l An1￿1¥ of•xp•ndltur• Charitable acti Gost 01 18ising funds Basi5 of all¢¢ats'on Grants P8yabla Support Govemance costs costs 2023 Total 2022 Total Grants pay8ble Fundraising and promolton Staff costs Rent and rates Insurance Light 8nd Haal Investrnenl propety repairs and maintenance Office costs Direct IT Costs Direct Te￿Phone Direct Printing, p051age and 51ationery Direct Travel expens8$ Direct Legal and profes$i¢nal Direct Endowment portlolio managernenl DI￿¢t Audit fee Direct Accountancy Se￿ice5 Direct Subscription5 Direet Bank charges Exchange rale losses I Igain51 Oeprecialion DI￿¢1 01￿cl Direct Direct Direct Direct 714,522 714.522 39.397 122.213 13.200 767.092 29.068 117.595 13,200 3,153 225 39.397 78.969 45,244 13.20D 4.387 273 2n Direct 4308 $41 17.535 2.237 516 14,785 fj10 1.102 660 9.273 16,838 6,$ 9.880 56 2.153 11,3831 3.99) 997,450 17,535 34 719 931 1,850 1,906 13.931 14.365 13,931 14,385 6.6(N) 14,059 14.lJ59 1M35 Jh98 16,1501 2,196 970.300 1.835 3.498 16.1501 1,518 94.437 194,4371 Oirect DI￿¢1 678 140,682 714,522 94,437 20,659 829.818 848.649 20.659 Support costs Govemance costs Total gxpendsturg 2023 Total expenditure 2022 120,6591 140.682 148.801 970JOQ 997A60 Of the total expenditure. £241.648 was unreslriclÈd12022" £168,331), £688.876 was re5tricted12022.. £761,885) and £39.778 was en¢YowrDenl$12022.. £67,234). Grants payable Indude grants to in51iluliorts in Israel foredur2lional pu￿0$eS AnDly￿S of •MpBndltw• Iprfor y•ar) Charitab act1vities Basis of ranis allocation p8yable raising fijnds Svpptsrt Governance costs C051s 2022 Totsl Grants payab Fundraising and promotion Staff costs Rent and rates Insurance Lvahl and Heal Inveslmenl PFopety repairs and maintenance oirice costs Direet IT Costs Direct Telephone Oirect Printing. postage and $tsb"onery Direct Travel expense$ Dir8cl Legal and Pfofessional Direct Endowrnent portfolio management Direct Auditfee Direct Accountancy seTV1￿5 01￿ct Bank charge5 DI￿¢t Exchange rate bsses I Igainsl Direct DeP￿CIal￿n DirÈ¢l Direct Direct Direct Direct Direct Direct 767.092 767,092 29. 117.595 13,200 3.153 225 29.068 98.685 18,910 13,200 3.1 225 Direct 2.237 2.237 572 14,785 610 578 572 14.785 610 1.102 660 9.273 16,838 6.600 9.680 2.152 11.3831 3.990 997.450 524 9.273 16.838 6,600 9,680 2,153 11,3831 3,426 65.277 185.2771 564 148,801 787.092 65,277 16.280 848.649 16.280 Support costs Govemanefi costs Toial expenditvre 2022 116,2801 148.801 997.450 19 Youth Allyah - Chlld Rescue (Umlted by Guarantee) N¢kn8 to tho ftnanclal statements For the year ended 31 March 2023 7 Net Incomo 1 (wondlturg) for the year This is staled after charying I l¢reditingi'. 2023 2022 Operating lease rentals.. Property Depreciation Auditor's remuneration (excluding VATI.. Audrt fee5 Foreign exchange Igainsl I losse5 13200 2.196 13,200 3,990 6.500 (6,150) 5,500 8 Analy81s of staff costs. trustse rnmunaratlon and •xpwnsfjs. and the co•t of key management ￿￿Onn01 Staff costs were as follows.. 2023 2022 Salaries and wages s￿la1 security costs Employerfs contribution to defined contribution pension schemes 112,814 7,878 1.521 108,308 7.666 1.621 122,213 117,595 Thè following number of ernployees received employee benefits (excluding employer pension) during Ihe year between.. 2023 2022 No. £70,000 - £79,999 The lolal employee benefits including pension contributions of the key management personnel were £90,488 (2022. £86,555) The charity Ifuslees were not paid or received any other benefits from employment with the charity or ils subsidiarie5 In the year12022." £Nill neither were they reimbursed expenses during the year12022.. £Nill. Staff numb8vs The average number of employees (head eount based on number of staff employed) during the year was as follows.. 2023 No. 2022 No. Raising funds Support 9 Taxatlon The charitable company is exempl from corporation tsx as all Ils Income is charitable and is applied for charttable purposes. 20 Youth Allyah - Chlld Re8cue (Llmlted by Guarants•) Notes to the financlal statements For the year ended 31 March 2023 10 Tanglblo fixed a•sets- Group and Char Office Computer Equipment Equipment Software Totsl At the start ol the year Additions in year Disposals in year 32,243 1.901 3,908 237 21,505 67,654 2.138 At the end of the year 34,144 4,143 21,505 D•pr•¢latlon Al the start of the year Charge ft)r the year Eliminated on disposal 14,441 2.048 3.159 148 21.505 39.105 2.496 Al the end of the year Not book value At th• end of th• y••r 16,489 3,307 21,505 41.301 17.666 18A91 At the start of the year 17,802 747 18,549 All of the above assets are used for charitable puiposes. 11 Inv•stmont propgrt188- Group and Ch•rfty 2023 2022 Fair value al the start of the year Additions Disposals Revaluation during the year 960,000 950,000 Fair value at the end of the year 950,000 950,000 12 InvoBtments-Qr(4up 2023 2022 Invwlm•nts at fatr valua: Market value 81 the start of the year Additions al cost Disposals al carrying value Realised & unrealised gainl{loss) M8rkel value al the end of the year 1129,627 43￿23 {124J86) 1170,123) 1A78,642 2,012,369 81,232 {44.6801 80,706 2,129,627 2022 Inva¥lments may ty anatysod ag folltyws:. Investment funds and bonds Equities Cash S82,682 566.870 1.137.231 1,484.238 178.729 78.519 1,878.642 2,129.627 21 Youth Allyah - Chlld Rescue (Llmlted by Guarante•) Notes to the financlal statements For thg year ended 31 March 2023 13 Dgbtorn- 2023 2022 Other debtors Prepayments and accrued income 1,200 8,910 1,425 10.335 2023 2022 Other debtors Prepayments and accrued income Amounts due from subsidiary undertaking 8.910 1,425 75.000 66,029 67,229 85,335 14 Credltorn: amounts falllng due *lthln one year- Group 2023 2022 Trade creditors Accruals Taxation and Social security Grant payable 17,008 6,600 11,949 6.600 294 40,000 26.000 58,843 c1￿110r8. •nounts falllng duo wlthln one year- Charlty 2,023 2022 Trade creditors Accruals Taxation and social secuiily Other creditors Amounts due to Subsidiary undertaking 17,008 11,949 6,600 294 40.000 25,000 75,000 124,263 58,843 16 Pamlon 8¢h•me The assets of the pension s¢heme are held separalely from those of the charily, in independently administered funds. 22 Youth Allyah - Chlld Rescuo {Umltod by Guarante•) Not•s to the financlal statsmonts For the year •ndod 31 March 2023 16 Sub8ldtsry Und•rt4klng8 Detailed below is a list of the charity's subsidiary undertakings, both of which are registered in England and operate within the Unrted Kingdom. Both of the subsidiary undertakings listed below hold endowment funds the income from which 45 distributed to the Villages in Israel. Their activities are managed by Youth Aliyah Child Rescue al ils principal place of business. Namo of 8ub8ldl•ry Und•rtaklng Children and Youth Aliyah Committee for Great Brjtain and Eire BMIS of Consolldallon Common management control Youth Aliyah - Child Rescue Scholarship and Maintenance Fund Common management eontrol Movemènt In Pwman•nt Endowment Funds 1AwN In¥aJlmgnt Group Incom• ILowyGalM Exp•ndltur• Tr•nFfgrn 1 March 2023 Children and Youth Aliyah Committee for Great Britain and Ei 1,289,314 11,677 190,9411 18.7161 1301234 Youth Aliyah Child Rescue Scholarship and Maintenance Fund 809.788 31,980 179,1821 131.0621 731,524 2,099.102 43.667 (170.123) 139,778) I￿1808 The Children and Youth Aliyah Committee for Great Britain and Eire pemianenl endowment fund provides for the Iru5tees to invest the capital in perpetuity and is managed on a total return basis. The Iruslees, al their discretion, may allocate any part of the unapplied total ietum to cultural enrichment proglarnmes for the Youth Aliyah Villages in Israel. The Youth Aliyah - Child Rescue Scholarship and Maintenance pemianent endowment fund is provlded lo enable the investment income artsing Ihereon to be applied in the provision of scholarships lo students in the Youth Aliyah Villages in Israel. 23 Youth Allyah - Chlld Rescue {Llmlt•d by Guarantee) Notss to the flnanclal 8tstements For the year ended 31 March 2023 17 Anatysls of net assets bOt￿an funds General unreslricled ReslTlCted Endowments Total funds Tangible fixed assets Investment pioperties Investments Nel current assèts 18,491 950,000 18.491 960,000 1078,642 402,T18 1,878.642 $4,216 348,562 Not assats at thg end of the yoar 1317053 1.932,868 3.249￿11 18 Movements In funds Incoming resources & gains Outgoing resources & Transfers In losses Ioutl Al the start of the year Attho end ofthe year Restrlcled funds: Yemin Orde Aloney Yitz¢hak Talpiol Alv 182,834 6.000 1319,3821 1166.9851 16D.0001 136.528 180.985 34.262 15.0001 12,8861 1230,5981 134.6431 34.643 125,0001 25.000 18D.0001 80.000 25.738 5,000 233,484 Nvh Tom The Village Way Total re8trlcted funds 30.738 422,318 1688,8761 235,820 C•pltal Endowments 2,099,102 43.657 1209.9011 1.932 G•noMI funds 1,377,908 416,611 1241,6461 1235,8201 1,317.063 Total unrestrlctsd fvnd¥ 3A77,010 460.268 (451,5471 (235,8201 3,249￿11 Totsl fund• 3W,748 882,5e6 (1,110.423) 3,249￿11 Purp0505 of re•trlctsd fund8 Each restricted fund represents a separate village or project for which funds have been reslricled for the purposes of providing educational and support & maintenance grants. 24 Youth Allyah - Chlld Rescug (Llmltsd by Guarantee) Notes to the financlal statsm•nt8 For the y•ar ended 31 March 2023 19 Reconclll•tlon of n•t Incom￿ (expendllur•l to net cash Ilowfrom opgratlng actlvltle8 2022 Net Income l (exp&ndltur•) for the reportlng perlod (as pertho slatem•nt of flnanclal actfvltles) Depreciation Interest, rent and diwdends from investments Gainsl Ilosseg) on investments Ilncrea5ell decrease in debtors Increa5el {decreasel in creditors Not ¢••h pmlded ty l (used In) operaung •etlvltles 1267,837) 1249.1361 l196 (73,422 170,123 9.135 {9,690) (159A95) 1356,3751 3,990 171,561} (80,7061 177 40,861 20 Analyth of ￿$h and cash equhalonts At1 Aprfl At31 2022 Cash flows March 2023 Cash al bank and in hand 17,2491 450031 Total Gmh and ¢￿h •qulnl*rt• 458.080 17.2491 4SO.831 21 Oporatkylgase commltmants Total fuluTe minimum lease payments under non-¢ancell8ble operating leases are as follows.. 2022 Less than 1 year 1-Syears Over 5 years 13,200 13,200 13,200 13.200 22 Contlngonl a8s0ts or IlablllUo• The charity is a company limited by guarantee and has no share capital. Each member is liable lo contribute a sum not exceeding £10 in the event of the charity being wound up. 23 R•lat•d party tran8actlon• None of the Iruslees have been paid any remuneration or received any other benefit from the Charity or a related entity. During the year, the ch8r((y received the donalions from the Iruslees of £12.640. There are no other donations from related parties which are outside the nomal course of business and no reslri¢led donations Irom related parties. 25 Charftable comp•ny Nots8 to thè fln•ncl•l Statem￿tr Fortho year ended 31 Dècemb•r 2023 24 Sub8tdL*ry Ipwlor year) Narne of8ub•ldlAry Undortaklng Children and Youih A￿Y￿h Cornmillee loi Great Bnlain and Eire Youth Afiyah- CIHld Rescue Scholarship and fv1alnlen3r￿e Fund B•sh ofCoMollthtSDn Corntnon management control Common mana9emenl control Alo¥•ménl In P•Ymin•nt Endo￿nI FwK18 Iprlory•ar) Inv•8tm•nt Galn¥ I 1Awl 2021 InBom• Group Exp•rtdlum Tr*Mfv S1 Children and Youth Aliyah Commiltee foT Great Bniain and Eire Youth Miyah. Rescue Scholarship and MaInlenan￿ Fund 1.229.334 8,121 e2,350 1.289.314 815,059 2.044,393 33,116 41.237 18.356 80.706 156,7431 167,2341 809,788 2.099.102 The Children and Youth Alwah coM￿￿tIee for Great Drilain and Eire pemiar*ni endosymeni fund provides for the tiuslee5 10 invest the c8pilal in p*￿etu11Y and is managed on a loial relufn basis The Iruslees, al taeir discrekn-on. may allocate any pkrt of the unapplied lolal relum lo cullurèl enTrthmenl programmes for the Youlh Alwah Villages in Israel. ThÈ Youlh Mryah. Child RescAJe Scho18rship and Mainien8nte pertnanenl en(lowmenl lund 15 provided lo enable the inveslrfftnl Income arisiny Ihereon lo be applied in the prowsion of sth018tships Io Sludenls in Ihe Youth ￿l¥ah Villages In Israel 25 Anatysb olrt•t ￿•ts bolwaon lund8 (prtory•ar) G•n•ral Tolal Tangible fjxed as5els Investment properties Investments Nei wrrent assets 18.549 950.CQO 18,549 950,000 2.129.627 409,572 2.129,627 -30.525 409.359 30,738 N•t•S8•18 at thé •ndolth•yMr 1.377.908 30.738 2,099,102 3,507.748 Incomlng Outyolng Atth• start mourc•¥ & Tr¥our￿ & Tr•nsforn Atth••nd 41 th•y•*r gal In IOUV olth•y••r 28 Movtyrn•nts In fundb Iprfory•a Yemin Orde Aloney Yitzthak 147.590 17.567 95.261 5.000 145.939 1334.5581 184,9051 1189.8601 186,988 43.684 23654 120,337 25,738 s.000 Alv 1126,7771 25.000 31.400 77.000 Nvh Tom The Village Vvay 125.0001 131,4001 77.000 Total r•Btrl¢tsdlund 143,991 411.357 1761.8851 237.275 30,738 Capltsl Endowm•nts Q•n•rnl lunth 2.044,393 1,568,500 121.943 215,014 167.2341 2.099.102 1.377.908 1237.2751 T(rtal unrwtslct•d 3.612,193 338,95T 1235.5651 IZ372TJI 3,47T.010 Total fur 3.756O84 74Q314 1997M501 3.507.748 Purybc*•* of rn•tslct•d fund Each restricted fund represenis a separate village Dr wojeGI forwhith fvnds have been restricled for the purposes ofproviding educational and sUPPOrt & maintenance grants. 26