YOUTH ALIYAH- CHILD RESCUE (A Company Limited by Guarantee) REPORT AND FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
YOUTH ALIYAH - CHILD RESCUE CONTENTS Charity Infomiation TrLlStees' Report Iiidependent Auditor's Report 7- 10 Stateinent of Financial Activilies Balance Sheets Statement of Cash Flows 13 Notes to the Accounts 14-26
YOUTH ALIYAH- CHILD RESCUE CHARITY INFORMATION Trustees M F Robin50n (Chairman) A J Taylor A D Curtis B S Curtis H Soning P Diamond S M Sirauss E Eytan Alvarez (appointed 15 July 2024) N Winters (appointed 15 July 2024) S Kaufmann (appoiiited 15 July 2024) V Kisilevsky (appointed 15 July 2024) B Leaver (resigned 30 November 2023) G Spital (resigned 30 November 2023) Secretary M5 D Mehdi Company number 3845916 Charity nuinbcr 1077913 Registered office address 235 Regents Park Road Finchley London N3 3LF Principal bankers HSBC 69 Pall Mall London, SWIY SEY Auditors Goldwins Limited Cliartered Accountants and Registered Auditors 75 Maygrove Road London NW6 2EG Soltcitors Martin Paisner CBE Payne Hicks Beach 10 New Square Lincoln's Inn London WC2A 3QG
YOUTH ALIYAH-CHILD RESCUE TRUSTEES, REPORT The trustees present their report and financial statements for the year ending 31 March ?024. STRUCTURE, GOVERNANCE AND MANAGEMENT l. Governino Document Youth Aliyah - Child Rescue is a charilable company limiled by guaiantee: incorporated on 21 Septeinber 1999. The company was established under a Meinoraiiduin of Association. wliicli establislied the objects and pOlerS ol the charitable company and Is governed under its Articles ot Association. In the event ol the company being wound up.. meinbers are required to contribute an ainounl not e,Kceeding £10. ointment of Truslees All Directors of the Company are also Tru5tee5 of the Charity. All of the tiustees are named on page l. The board has the power to appoint additional Trustees as it considers fit to do so. Under the requirements of the Articles of Association one third of the Trustees are required to retire by rotation at the Annual General Meeting. 3.or allisation Tl)e bo(11-d of ii-lislees adiii iiiisters tlie cliarili." Tlie da!'_lo-dai." opei7lioiial i-espoiisibil Iti, is deleLyated 10 (lie C IIiLI- I.'.KLLUtive Ollicei- li lio iii liirii (Idvises Ilie Bocil'd oli slraieuic aiid tiiiaiicial ISSLILS. I'lie Boai'd lias OVL'f(ill i-L5poiisibilitJ' lor liiiaiiLial coiitrol ol- Ili¢ Cliarit).. TIIL Board currLlItI). rLcLiVLS qLiarterl)' maiiageinent accounts. 4. Risk Mana ernent The trustees have a risk management strategv, wliich comprises. A revieiv of the risks the cliarity may face- Tlie est£iblisliineiit olsysteins and procedures to mitioate tliose risks ideiitified in the plan. and The impleinentation of procedures designed to minimise aiiy poteiitial iinpact on tlie cliarity should those risks materialise. Over the past year. the risk management strateJo has been reviewed and implemented. Tlie Treasurer attended a cliarities Ivorkshop in this reoard ii,hicl) highlightcd areas in wliicli tlie strategy could be eiilianced and strengytliened. Consequently, the Treasurer is curreiitly eiigagiiiu iii a process to develop the overall strategy. The Treasurer continues to provide monthly reports to the Trustees coverino investments and available funds in the charity. The Trustees are also issued a weekly report with details of the charity's income. A key eleineiii in Ihe manaoeineiii of financial risk is Elie seiting of a reserves policy aiid ils regular review by trLlStees. 5. Structure Melvin Robinsoii contillLies to be Chairmaii. Aroi) Tavlor coiitiiiues lo serve as Honorary Treasurer. Daliah Melidi contiiiues to serve as Cliief Executive Officer. In addition to the ongoing meelings of the Board"s committees. ad hoc fundraising committees were forined to liold fuiidraisiiig events.
YOUTH ALIYAH- CHILD RESCUE TRUSTEES, REPORT OBJECTIVES AND ACTIVITIES Youth Aliyah Child Rescue raises funds to help support the maintenance of the 2.600 children and youngsters currently residing in the five Youth Villages and two leadership programmes under the auspices of our charity. These children have been designated 'at risk, by the authorities and have voluntarily chosen to enter our programme. In addition. the trustees have committed to SUPPOrting the Village Way Educational Initiatives for an addilional period of one year. This support will help the programme, currently active in over 70 educational settings. to take the ethos of our Youth Villages into other Youth Villages and educational institutions working with at risk children across Israel. As well as general maintenance (bridging the deficit of the government subsidy) we help fuiid major projects such as new donnitories, sports and arts facilities, therapeutic programmes, and provide scliolarships and vocational training. The activities of the charity are broadly as follows: Two annual postal appeals- Rosh Hashanah and Pesach Quarterly newsletters (email and paper) Kol Nidre appeal in Synagogues Fundraising events through the year Development of 'large givers, donor base and foundations Approachino and organising events for young professionals Development of joint ventures between our charity and youth movements and schools Arranging visits of individual donors to the villages A barlbat tnitzvah charity project programme Marketing and Public Relalions (newsletters. website. e-newslctt¢rs, campaigns etc) Legacy programmc (participating in Jewish Legacy Campaign together with 42 other charities). Events 25th June 2023 - 1 I people participated in the Maccabi Fun Run for our charity 7th August 202i - 84 people took part in a charity Golf Day 7th SepteET]ber 202)- 80 people attended a Poker Night: which will now be an annual evenl 20tlI November 202) - 270 people came to our 90, Anniversary Gala Dinner acies Legacies amounting to £42.654 were received. as detailed below= ac Amount £37,654 £5.000 £42,654 Anon mous I Anon tnous 2 Total In addition to this, the two flats in the rental property on Portland Road in Hove. bequeathed to us by Stella Hartsilver Z'I, continue to be rented and are generating regular income for the charity.
YOUTH ALIYAH- CHILD RESCUE TRUSTEES, REPORT YOUTH VILLAGES All the villages and proivraintne5 that we support continue to beiiefit from annual Inaiiileiiaiice funding, as well as scholarship funds for each village's mosi financially disadvantaged children. Tlie events on 7 October and the subsequent war in Israel liave had a profound effect on stLidents, gradliates and staff of our Youth Vill<iges. There has continiied to be a significant number of children arriviiia froin Ukraii)e and Russia. The Youtli Vil liiLre5 liave hired addiiional Ilierapi515, specifically one5 who speak Russiaii aiid are Iraiiied Eo address traLima. Tliese children have fled one war zone, only to find themselves in another. Tlie needs of tliese cliildren are eiteiisive, ranging froin basic physical needs sucli as slioes to the coiiiplex psycliological effecls of traiiina. Each Youth Village received additioiial funding to help with unanticipated expenses related to the war. Alone Yitzhak Oiigoing funding was secured for a prooramme that provides Ihe intrastructure tliat allow students to voliinteer in tlie areas SLirroLinding the youth villaoe. This not only allows the youiig people to Inake connections with tlieir broader coinillunity. it also allows tliem to recoonisc thcir own self-worth by seeiiia that they tlieinselves have somethiiig to give. rather tlian only beiiig ilie recipieiits of cliaritable acts. A beloved "housc fath¢r" who Iiad lived at TalpÉot with his family for ovcr 3 ycars. was killed dui'ing the initial Hainas attack. This l)ad a profound effect on tlie entire community. FLiiiding was provided to furnish tlie gyraduate l)ousiiig. Tliis turiied out lo be very Inucli iieeded. Iii tlie weeL5 iininediately tol loiving 7 October, ilie (yraduate housino was til led to capacity willi youno people whose lives were iipended by the terrorisl attack. The)1 ivere able to reestablisli stability aiid security witli lie lielp of the slal'f at Talpiol. Neve Hadassah Funding was provided for summer activities for Ukrainian and Russiaii cliildreii who did not have homes to retLirn to during the school holidays. Yemin Orde Student accoinmodations were refurbi51ied, allowin(v students to live in an appropriate setting. An additional year of funding was secured for the Na ale Programme. which allows children from the toriner Soviet Uiiion to atteiid high school in Israel. willi the option io subseqLieiiily reiiiaiii In Israel. FLinding was sent for Ihe eslablislimenl of nelv Graduaie Offices_ Fundin(y provided to siipporl stLideiils and ¢rradiiaies in tlie period immediately following 7 October. Tliis iiicllided seiidinu emer(veiicy food packaoes to e.xtreiiiely vulnerable fanii lies. Villa cwa In addition to aiinual Inaintenance funds. additioiial fuiidiiig 14.'as secLired for ilie two pre-army leadership (Mechiiia) pi-oorainiMe5. one for Inen and one for woiiieii. Tliese prourainnies give at risk iininigrant youn¥ people the additional trainiiio they" need in order lo liave meaiiiiigful ariny careers which. in turn. will prepare thein for productive civilian life on discharge.
YOUTH ALIYAH-CHILD RESCUE TRUSTEES, REPORT FINANCIAL REVIEW Key financial achievements of 2024 include= a 480/0 increase in income on the previous year- from £882,586 to £1,309.162 maintenance of unrestricted reserves of at least 12 months, core operating costs Excluding grants payable. the Charity's expenditure in 2024 of £388,900 represents an increase of 350/0 from £255,778 in the previous year. This is predominantly a result of the cost of the Charity's 90, Anniversary Gala Dinner. Th¢ Charity's expenditure of £388,900, which are listed in detail on note 6 of the Accounts, represents a ratio of 29% of total income. Support and Governance Costs (£110,985) represent a ratio of 8.50/0 of total income (down from 130/0 in 2023). Our grants to the Villages in Israel totalled £721,944 which was an incre&8e from £714,522 in 2023. The Trustees. reserves policy aims to maintain general reserves broadly equivalent to one year's support and governance to ensure continuity of service. The general reserve as at 31 Marcli 2024 stood al £557,320 and the Trustees consider that this amount meets their aims and allows a further sum to b¢ distributed. The Finance and Operations Comm itt¢e, consisling of Anton Curtis: Melvin Robinson. Aron Taylor, Grant Spital and Steven Strauss and Nick Winters meet quarterly to review and consider the Charity's investments and all the Charity's financial affairs. THE YEAR AHEAD Having identified the urgent need to welcome new trustees into the charity. we engaged the services of a firin speciali5ing in recruiting Board members. Our goals for the cotning year are the following To raise funds to support unanticipated expenses due to the Israel-Ham&s war To hold in person events in order to increas¢ the amount of face-to-face contact wtth current supporters and to engage new supporters, as well as to raise funds To continue to improve our communicatton with our donors through regular newsletters and email communications To continue to raise the profile of the charity in the UK by optimisin(r all existing opportunities and creating new ones To continue to develop our trustee programme, fundraising committees and to engage newly recruÈted trustees To build and strengthen relationships with Jewish youth movements. schools and synagogues To identify our next Chainnan To continue to develop our barll)at mitzvah programme that encourages young people in the U.K. to raise money for peer aged at risk children in Israel.
YOUTH ALIYAH-CHILD RESCUE TRUSTEES, REPORT Statements of Trustees, responsibilities The TrLlStees, Ivho are also Ilie director5 of Youth Ali)rali - Child R¢sciie for the PLifp05e of coinpaiiy law. are responsible for preparing the Truslees, Report and the accounts in accordance with applicable law aiid Uiiiled Kinodom Accountino Standard5 (Uniled Kin(Tdoin Generally Accepted Accounting Practice). Company Laiv requires the Trustees to prepare accounts for each financial year whicli give a trLie and fair view of the scate of affairs of tlie charitable company and the incoining resources and appl ication of resources, including the income aiid expenditure. of the charitable coinpany for that year. In prepariii(p tlie accounts, Ihe Trustees are required to- select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP- make jiidgements and eslimates tliat are reasonable and prudent; and prepare the accounts on the going concern basis unless it is inappropriate to presume tliat will coiitinue in operation. The trustees are responsible for Leepiiig proper accouiitin2 records that disclose witli reasonable accuracy at any tiine tlie financial position of Ilie charitable coinpaiiN' aiid eiiable tliein to e115LlI-e Ilial tlie fiiiaiicial staleiiieiils con1p1. ii."iili the Coinpanie.% Act ?006. Tlie!, ale also responsi ble lor qaleiiiiardini) IIIL L1$5Ll% ol- Ilie cli£ll'il<lble Coliipillll <11)d IiLiice Icir iakinii rec15011c1ble steps tnr Ilie pi-¢K'L'iilioii aiid Stateinent as lo disclosLire to our auditors Iii so fai- as the trustees are aware- There is no relevant audit infomiation of which the charitable company's auditors are unaware; and Tlie trustees have taken all steps that they ouoht to have taken lo make theimselvcs aware of any relevant audit information and to establish that the auditors are aware of tliat inlorillatioii. Approved by the trustees on signed on tlieir behalf by- M Robiiisoii Esq - (Chairinaii)
YOUTH ALIYAH- CHILD RESCUE INDEPENDENT AUDITOR'S REPORT TO THE MENIBERS OF I:OLITH ALII'AH- CHILD RESCIIE Opinion We have audited the financial statements of Youth Aliyah - Child Rescue (the 'Charity') for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheets, Consolidated statement of cash flows and noles to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparatton is applicable law and United Kingdoin A¢¢ouiiting Standards, including Financial Reporting Standard 102.. The Financial Reporting Siandard applicable iii the UK and Republic of Ireland (United Kingdom Generally Accepted Accounling Practice). Opinion on financial statements In our opinion. the financial statements: give a true and fair view of the state of the Group's and Parent Charitable Company's affairs as at 31 Marcli 2024 and of the Group's income and expenditure for the year then ended: have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting Practice- have been prepared in accordance with the requirements of the Companies Act 2006. B2sis for opinion We conducted our audit in accordance wilh International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordanc¢ with these requirements. We believe that the audit evidence we Iiave obtaiiled is sufficient and appiopiiale to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating io events or conditions that, individually or collectively. may cast significant doubt on the Charity's ability to continue as a going concern for a period of ai least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to golng coiicern are described in the relevant sections of this report.
YOUTH ALIYAH-CHILD RESCUE INDEPENDENT ALIDITOR'S REPORT TO THE.lEIBERs OF I"OITTII AI.II"AH- CIIILD RESCIIE Other information The trustees are responsible for the other inforillatioii. The otlier information comprises tlie inforniatioii included in the aiinual report, including the trustee's report, other than the financial statements aiid our auditor's report thereon. The trustee is responsible for the other information contained within the annual report. Our opinion 011 the financial statements does iiot cover the oilier infor]nation aiid, excepl to tlie extent otherwise e,Kpliciily stated in our report, w.e do iiot express aiiy forin of assurance coiicluslOII Ihereon. In connectioii with our audit of the financial stateinents: our responsibility is to read tlie otlier inforination and, in doing so, coiisider wheilier ihe oilier information is materially incoiisistei)t witli tlie financial statements or our knowledge obtained in the course of tlie audit, or otlierwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstaleinents, we are required lo determine whether this gÈves rise to a material mi5Statement in the financial slaternents themselves. If, based on the work we have performed, we conclude tliat tliere is a Inaterial misstateinenl of this other infonnation: we are required to report that faci. We have iiothing to report in this re(Jard. Opinion on other matters prescribed b!- the Companies Act 2006 Iii i)111- r)pin inn. hLIRi d nii i!)(J ii'f)rl-. I InAe.L-ei1 iii rlie roiirfp nf tlip 21 Irlj!- tlie information given in the trugtees, report (incorporating the directorg, repoit) for the finaiicial year for which tlie financial stateiTteiits are prepared is consislenl Hiitli Ilie finaiicial statements: and the trustees. report (incorporating the directors report) have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceptio In tlie light of the knowledge and iinderstanding of the Charity and lis environinent obtained in the course of the audit. we have not identified material misstatements in the Trustees. Annual Report. We liave notliing to report in respect of the follovving matters in relation to whicli the Coinpaiiies Act ?006 reqliires us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches nol visited by us; the finaiicial stateinents are not in aoreement ..Ith Ihe accouiitiiio records aiid returns- certain disclosures of trustees, rernuneration specified by law are not niade. or we liave not obtained all tlie infonnatioii aiid eiplanations necessary" for tlie purposes of OLir audil. Responsibilities of the trustees As e,Kplaiiicd more fully in the Trustees, Responsibilities Statement. tlie trustees (wlio are also tli¢ directors of tlie chiiritable conipaiiy for the purposes of coiii pan), lai¥ l are respoiisible for ilie preparatioii of tlie financial slaiements and for beiiig satisfied tliat tlie)tr oive a true aiid fair view. aiid for sucli internal Colllrol as tliey detennine is necessar), to enable the preparaiioii of finaiicial staienients iliai are free froin Inaterial Inisstalement. whether due to fraud or error.
YOUTH ALIYAH- CHILD RESCUE INDEPENDENT AUDITOR'S REPORT TO THE ME.MBERS OF I'OliTFI ALII:AFI- CTrIILD RESCUE Responsibilities of the trustees {eontinued) In preparing the financial Statements, the trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing. as applicabl¢, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realislic alternative but to do so. Our responsibilities for thc audit of th¢ financial 5tatcmcnts Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issve an auditOT'S report that includes our optnion. Reasonable assurance is a high level of assurance, but is not a guarantee tliat an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailcd Ixlow: In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance witli laws and regulations, our procedures included the following-. We enquired al)out management, which included obtaining and reviewing supporting documeiilation, concerning the charity's policies and procedures relating to.. identifying, evaluating: and complying witli laws and regulations and whether they were aware of any instances of non-coTnpl lance. o Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud. The internal conlrols established to mitigate risks related to fraud or non-compliance with laws and regulations. We obtained an understanding of the legal and regulatory framework that the cliarity operates in, focusing on Éh05¢ laws and regulations that had a material effect on the financial statements or tliat had a fundamental effect on the operations of the charity from our professional and sector experience. We reviewed the financial statem¢nt disc105ures and tested these to supporting documentation to assess compliance with applicable laws and regulations. We performed analytical PredureS to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. In addressing the risk of fraud through mana(yement override of controls, we tested the appropriateness of journal entries and other adjustments: &ssessed whether tlie judgeinents made in making accounting estimates are indicative of a potential bias and tesled signiftcant transactions that are unusual or those outside the nonnal course of busÉiie55.
YOUTH ALIYAH-CHILD RESCUE INDEPENDEwf ALDITOR'S REPORT TO THE mEIBERs OF I'OI'TII ALII'AII_CHII.D RESCIIE Our responsibilities for the audit of the financial statements (continued) BecaLise of tlie inherent liinitations of an audit. there is a risk that we will not detect all irreoularities, includin(¥ those leadino to a Irtaterial Inisstatement in the financial Siateinents or non-COlTJpI lance with regulation. Tlie risk is also greater regardin(y irreoularities occurring due to fraud rather thali error, as fraud involve5 intenlional concealment: for(pery.- collusion, nmis.qir)n nr Im i.%representAlinn. A fLlrther description of our responsibilities for tlie audit of the financial staleinents is located oli the Financial Reporting Council's website at.. [wwiv.frc.org.uk]auditorsresponsibililies]. This description forms part of our auditor's report. Use of our report Tliis rrpui l is ttt<ide sulely to the charitable company's members, as a body, in accordance wlth Chapier 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so thai we mi(yht State to Ihe chariiy's members those matters ive are required to state to them in an auditor's report and t-or no otlier purpose. To tlie ful lest extent permitied by law. we do not accept or assume responsibility to anyone other than the charsiy and the charity's members as a b(Kly. for our audit work. for this report, or for tlie opinions ive liave fonned_ 1211212024 Anthony Epton (Senior Statutory Auditor) for and on behalf of CTaldwin.4 l.imited Statutory Auditor Chartered Account&nts 75 M2ygrove Road West Hampstcad London NW6 2EG 10
Youth Allyah - Chlld Rescue (Llmlted by Guarantse) Consolldated Statement of flnanclal actlvftles (incorporating an income and expenditure account) For the year ended 31 March 2024 2024 Tolal Funds 2023 Total Funds UnrnstrlCt Rastrfcted Endowments Funds Funds Funds Incomg from: Doiiatiojis arid I¥y<aLiVb Other trading activities Investments Other income 323,469 562.045 29.428 333,555 659,024 562.045 88,093 771.619 37,545 73.422 3.185 55.480 Total In¢omo 916.942 336,740 55hBO 1A09,162 882.586 Expendtturo on: Raising fund5 Charitable activities 262,252 85.985 15.663 25.000 277,915 832,929 140,682 829,618 721,944 Total 6xpendttur• 348.237 721.944 40.663 1.110.844 970,300 Net Incomo l (expendlturn) before nèt galns l (lossosl on Invo8tmants 568,705 1385,204) 14817 198,318 {87.714) Nel {losses}Igains on investments Net Income l (expermllture) for tho yoar 126.102 126.102 {170.123) 568.705 (385.204) 140.919 324.420 (257.8371 Transters beeen funds (385204) 385.204 Nat Income I lèxpendlture) before olher rocognknd galns and losses 183.501 140.919 324.420 {257,837) Net movement In funds 183.501 140.919 324420 1257.8371 Roconclllatlon of funds: Total funds brought fOard 1,317.053 1.932.858 3249.911 3.507,748 Total fund$ eArrled forward 1.600.554 2.073,7TT 3.574.331 3,249.911 All of the above resUS are defived from conlinying activities. There were no other recognised gains or losses other than Ihose staled above. The allached notes fomi part ol these financial slalement5.
Youth Allyah . Chlld Rescue (Llmlted by Guarantee) Balance sheets As at 31 March 2024 GROUP 2024 CHARITY 2024 2023 2023 Note Flxed assèts: Tangible assets Inveslmerst properties Investments 10 11 12 16.452 950.000 2,044,413 18.491 950,000 1.878.642 16.452 950.000 18,491 950,000 3,010.865 2,847,133 966A52 968,491 Current assets: Debtors Cash at bank and in hand 13 18.908 692.713 1.200 450,831 99.937 557.320 57,229 415.586 611.621 452.031 657.257 472.815 Uabllltles= Creditors.. amounts falling due within one year 14 148.155) (49.2531 (123.1551 1124,253) Net current assets 563A66 402,778 534.102 348,562 Total net assets 3.574,331 3.249,911 1.500,554 1.317,053 Funds Regtrieted funds Capital Endowments Unrestricted funds". General funds 1073.777 1,932,858 1.500,5S4 1,317,053 1.500.554 1,317,053 Total lunds 3.574,331 3.249,911 1.500,554 1.317,053 The financial slatemenls have been prepared in accordance wth the special provisions for small companies under Part15 of the Companies Ad 2006 Approved by the trustees on and signed on their behalf by.. M Roblnson Chalrnian A Taylor Treasurnr Company reglstratlon no. 03845916 The attached noles form part of the finanoal statements. 12
Youth Allyah - Chlld Rescue (Llmlted by Guarantee) Consolldated Statement of cash flov For the year ended 31 March 2024 Nots 2024 2024 2023 2023 Cash flow8 from operatlng a¢tlvllleB: Net cash provided by I (used inl opefating activities 93,623 (159.395} Cash flow8 from Inv88tlng actmtles: InteraÈU renv dividends from investments Salel (purchase) of fixed assets Salel {purchase} of investments 88,093 (165) 139,669) 73,422 12.1381 80,862 Cash provlded by l (used In) kwésllng a¢tMtIo8 48259 152,146 Cash pmld•d by l {uged In) financlng actMtI88 Chango In cash and ¢a•h equlvalorbts In the yoar 14182 (7.249) Cash and cash equivalents al the beginning of the year 450.831 458,080 Cash and ¢a8h ¢qufvalonts at th8 end of the year 692.713 450,831 13
Youth Allyah - Chlld Rescue (Llmlted by Guarantee) Notes to the flnanclal statements For the year ended 31 March 2024 1 A¢countlng pollcles a) Basls of preparallon The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended practi applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102- effective 1 January 20151- (Charities SORP FRS 102) and the Companies Act 2006. Thg. rharilable company mepts the d@finition of 2 publie benefit entty under FRS 102. Assets and liabilities are inilially recognised al historical cost or transaction value unless 01heiSe staled in Ihe relevant accounting poliLy or note_ Group finanelal statwnents The financial slalements consolidate the results of Youth Aliyah - Child Rescue and its subsidiary undertakings on a line by line basis. A separate statement of financial activities for the charity excluding consolidated oiganisalions is not presented as the company has taken advantage of Ihe exemption afforded by Section 408 of the Companies Act 2006. bl Golng concern The trustees consider thal the are no material uncertainlie5 about the charitable company's ability to continue as a going concern. The Iruslees do not consider that there are any sources of eslimalion uncertainty al Ihe reporting dale that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. cl Income Income is recognised when the charity has entitlemenl lo the funds. any performance conditions 3tlachod to the inGome have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grant5, is fecognised when the charity has enlillement to the lunds, any perfomance conditions attached lo the grants have been met. il is probable that the income will be received and the amount can be measured reliably and is not deferred. Incoffle received in advance for the provision of specified service is deferred until the crrteria for income recognition are mel. For legacies, entiuement is taken as Ihe earfier of the date on which either.. the charity is aware that probate has been granted. the estate has been finalised and nottficalion has been made by the executorlsl lo the charity that a distributson will be made, or when a distribution is ceiVed from the estate. ReIpt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention lo make a dislribulion. Where legacies have been notified to the charity. or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then Ihe legacy is a Irealed as a contingent asset and disclosed if material. d) Donallons of glfts. 1vIc•S and facllltlos Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service. any conditions associated with the donation have been mel. the receipt of economic benefit from Ihe use by the tharity of the item is piobable and that economic benefil can be measufed reliably. In accordance with the Charities SORP {FRS 1021, volunteer time is not recognised so refer to the trustees, annual report for more information aboul their On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing lo pay lo obtain services or facilities of equivalent economic benefit on the open market." a corresponding amount is then recognised in expendilure in Ihe period of reipt. 14
Youth Altyah - Chlld Rescue (Llmlted by Guarantee) Notes to the flnanclal statements For the year ended 31 March 2024 1 A¢¢ountlng pollcles (¢ontlnued) o) Int8rn8t rècelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity-, this is normally upon nottfication of the interest paid or payable by the bank. fl Fund aecountlng Unrestricted funds a available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to sel aside to use for a specific puipose. Restricted funds are donalions which the donor has Specified are lo be solely used for particular areas ol the chartty's work or for specific projects being undertaken by the charity. g) Expendlture and Irre¢ovgrable VAT Expenditure is recognised once there is a legal or constructive oblallOn lo make a payment lo a third paty. it is probable that settiement will be required and Ihe amount of the obligation can be measured reliabty. Expenditure is classified under the following activity 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 lo it. as well as the cost of any aclNities with a fundraising purpose. Expenditure on charitable activlties indudes the costs of delivering services undertaken to further the purposes of Ihe chaiity and their associated support costs. c)thpr pxpp.nditLire represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for lch the expenditure was incurred. h) Allocatlon of support Costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities_ Support costs include back office costs. finance. personnel. payroll and governance costs which support the charity and ils and activifr'es. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 6. Oparallng leases Rental charges are tharged on a straight line basis over the terrn of the lease. J) Tanglblg fixod assets Item5 of equipment are capitalised where the purchase price exceeds £1,000. Depreciation is provided al rates calculated to write down the cosl of each assel to tts est5mated residual value over its expected useful life. The depreciation rates in use are as follows.. Computer equipment Software Office equipment and fumiture 25% 6Y. 15% Straight line method Slraight line method Reducing balance method k) Investmont prop8rtle• Investment properties are included in the balance sheet at fair value and are not depreciated. Any change in fair value is recognised in the statement of financial activities. The valuation method used to determine fair value will be stated in the notes to the accounts. 15
Youth Allyah - Chlld Rescue (Llmlted by Guarantee) Notes to the flnanclal statements For the year ended 31 March 2024 1 Accountlng policles (contlnued) l) Usted Inveslments Investments are a form of basic financial instrument and are initially recognised al their transaction value and subsequenlty measured at their fair value as al the balance sheet date using the c105ing quoted market price. Any change in fair value will be recognised in the slalemenl of financial activities. m) Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valued al the amount prepaid. n) Cash at bank and In hand Cash al bank and cash in hand indudes cash and short temi 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. o) Credltors and provlslons Credilors arTrd provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due lo sellle the obligation can be measured or eslimaled reliably. Creditors and provisions are normally recognised at their setllemenl amount. p) Flnancial instruments -31 iC*oi instruments. Basic financial inslrumenls are initially recognised al transaction value and subsequently measured at their settlement value with the exception of bank loan5 which are subsequently measured al amortised cosl using the effective interest method_ q) Penslons The charity operates a defined contributs'on pension scheme. The cost of the contributions made by the charity lo the scheme are charges lo profit and loss as incurred. 16
Youth Altyah - Chlld Rescue (Llmlted by Guarantee) Notes to the flnanclal statements For the year ended 31 March 2024 2 Detalled compardllve8 for the 8tatem•nt of Ilnanclal aetlvlllès (prfor YrI 2023 Unrestricted Funds 2023 2023 Restricted Endowment Funds Funds 2023 Total Funds Incomo from: Donatlons and legacles Other trading activities Inveslmenls other income 367.511 21,195 27.905 404.108 16,350 1.860 771,619 37.545 73,422 43.657 Total Incom• 416.611 422.318 43,657 882,586 Expondlture on: Raising funds Charitable activities 100.904 140.742 39.778 140,682 829,618 688.876 Total expendliurn 241.646 688.876 39,778 970,300 Net Incomo l oxpendlturp before gal I (losses) on Inveslmants 174,965 (266.558) 3,879 {87.7141 N¢1 9<1iil¥ l (Iu55e51 on investmen15 Not Incom• l expendfture (170.1231 (166,244) 1170.123) 1257,837) 174.965 (266.5581 Transfers betsveen funds (235,820) 235.820 Net Income l (expendlture) before other recognlsed galns and losses (60.855) (30,738) (166.244) (257.837) Not movement In funds {60.855) (30.738) (166.244) 1257,837} Total funds brought forward 1.377.908 30.738 2.099,102 3.507,748 Total funds carrlad forvrJrd 1.317,053 1,932,858 3,249.911 17
Youth Alryah - Chlld Rescue (Llmlted by Guarantee> Notes to the flnanclal statements For the year ended 31 March 2024 3 Income from donatlons and legacles 2024 Total 2023 Total Unrestricted Restricted Endowment Donations Legacies 282,815 42,654 333.555 616,370 42,654 559,783 211,836 325A69 333.SSS 659.024 771,619 4 In¢omo from other tradlng actlvltle¥ 2024 Tolal 2023 Total Unrestricted Restricted Endowment Functions Other events 520,179 41,866 520.179 41,866 16.350 21,195 562,045 562,045 37.545 5 Income from investments 2024 Total 2023 Total Unrestricted Restricted Endovm)enl 8ank interest Rent Investment income 3.185 608 3.793 29A28 54.872 1.993 27.905 43,524 29.428 54,872 29,428 3.185 55,480 88.093 73,422 18
Youth Allyah - Chlld Re8cuo {umIt lry Guarankn)
Nots8 to the financlal statements
For tha
ear endgd 31 March 2024
Ana18 ol •xp•ndltsrn
Cost of
raising
fvnds
Basis of Charitsble
afv)calion 8¢Dvrties
Support Goveman¢e
costs
costs 2024 Tolal 2023 Toial
Grants payable
Direct
Fundra15ing. evenl and promotion Dect
Staff costs
Dire
Reuttrnenl & training
Dire¢l
Youth Allyah - Chlld Rescue (Llmlted by Guarantee) Notes to the flnanclal statements For the year ended 31 March 2024 7 Net Income l (expendlturn) for the year This is slated after charging l {creditingl-. 2024 2023 Operating lease rentals.. Property Depreciation Auditor's remuneration (exduding VAT): Audit fees Foreign exchange (gains) I losses 13,776 2,204 13,200 2,196 s00 5,500 Anatysls of staff Costs, trustèe remunerntlon and expenses, arKI the cost of key management pernonnel Staff costs were as follows.. 2024 2023 Salaries and wages Social security costs Employerfs contribution to defined contn"bution pension schemes 158.827 12,449 1,673 112,814 7,878 1,521 172,949 122,213 The following number of employees received employee benefils (excluding employei pension} during the year between". 2024 No. 2023 No. £70.000- £79.999 The lolal employee benefits including pension contributions of the key management personnel were £94,474 {2023_ £90,488} The charity Irustees were not paid Of received any other benefits from employment with the charity or its subsidiaries in the year12023." £Nill neither were they reimbursed expenses during the year (2023.. £Nill. Staff numbers The avefage number of employees (head count based on number of staff employed) during the year was as follows.. 2024 No. 2023 No. Raising fund Support 9 Taxatlon The charitable company is exempl from corporation tax as all its income is charitable and is applied for charitable purposes. 20
Youth Altyah - Chlld Rescue {Llmlted by Guarantee) Notes to the flrMnclal statements For the year ended 31 March 2024 10 Tanglble fixed aets - Group and Charlty Office Computer Equipment Equipment SOfare Total Cost Al the start of the year Additions in year Disposals in year 34,144 4,143 116 21.505 49 59.792 165 At the end ol the year 34.144 4,259 21,554 59.957 Depreclatlon Al the start of the year Charge for the year Eliminated on disposal 16.489 2,(M9 3.307 143 21,505 12 41,301 2,204 Al the end of the year Not book value 18.538 3.450 21,517 43.505 At the and of the year 15.606 16A52 Al the slart of the year 17.655 836 18,491 All of Ihe above assets are used for charitable purposes. 11 Investment proport1gB - Group and CIKarlty 2024 2023 Fair value at the start of the year Additions Disposals Revaluation during the year 950,000 950.000 Fair value at the end of the year 950.000 950,000 12 Investments - Group 2024 2023 Investments at falr value: Market value at the start of the year Additions at cost Disposals at carrying value Realised & unrealised gainl{lo$s) 1.878.642 2,129,627 54,872 43.523 (15,203) 1124,385) 126.102 (170. 123) Market value at the end of the year 2,044.413 1.878.642 2024 2023 Investments may ty anatysod as follow8 :. Investment funds and bonds Equities Cash 676.961 562,682 1.350,235 1.137,231 17.217 178,729 2,044.413 1.878,642 21
Youth Allyah - Chlld Rescue (Llmlted by Guarantee Notes to the financlal ststements For the year ended 31 March 2024 13 Debtors - Group 2024 2023 Other debtors Prepayments and accrued income 5.890 13.018 1,200 18.908 1,200 Debtors - Charlty 2024 2023 Other debtors Prepayments and accrued income Amounts due from subsidiary undertaking 5,890 13.018 81.029 1,200 56,029 99.937 57,229 14 Credltors: amounts falllng due wlthln one year- Group 2024 2023 Trade creditors 16,555 17,008 MLGfudlS Taxation and social secufity (iranl payable 645 25,000 25.000 48.155 49,253 Credltors: amounts falllng due wlthln one year- Charlty 2024 2023 Trade creditors Accruals Taxation and social security Other creditors Amounts due to subsidiary undertaking 16.555 6.600 17.008 6.600 645 25,000 75,000 124,253 25,000 75,000 123.155 15 Penslon scheme The assets of the pension scheme are held separately from those of the charity, in independently administered funds. 22
Youth Altyah - Chlld Rescue (Llmlted by Guarantee) Notes to the flnanclal ststements For the year ended 31 March 2024 16 Subsldlary Undertaklngs Detailed below is a list of the charity's subsidiary undertakings. both of which are registered in England and operate within the United Kingdom. Both of the subsidiary undertakings listed below hold endowment funds the income from which is distributed to the Villages in Israel. Their activilies are managed by Youth Aliyah Child Rescue at tis principal place of business. Name of Subsldlary Undertaklng Children and Youth Alryah Committee for Great Britain and Eife 8asl8 of Consolldatlon Common management control Youlh Aliyah - Child Rescue Scholarship and Maintenance Fund Common management control Iljovoment In lanent EndOnOnt Fund6 Group Incoma (Lo•8••VGaln• Exp8ndlturo Trnnsfern 31 Mareh 2024 2023 Children and Youth Aliyah Committee for Great BTilain and Eire 1.201.334 23,481 151,006 (9.676) 1J66.145 Youth Alryan - Lhilu Rescue Scholarship and Mainlenance Fund 731,524 31,765 (24,670) (30.987) 707.632 1.932.858 55246 126,336 {40,663) 2.073.777 The Children and Youth Aliyah Committee for Great Britain and Eire permanent endowment fund provides for the trustees to invest the capital in perpeluity and is managed on a total return basis. The Iruslees. at their discretion, may allocate any part of the unapplied total return to cultural enrichmenl Pfogrammes for the Youlh Aliyah Villages in Israel. The Youth Aliyah Child Rescue Scholarship and Maintenance permanent endowment fund is provided to enable the investment income arising thereon to be applied in the provision of scholarships 10 students in the Youth Aliyah Villages in Israel. 23
Youth Allyah - Chlld Rescue (Llmlted by Guarantee) Notes to the flnanclal statements For the year ended 31 March 2024 17 Analysls of net assets bellen funds General unrestricted Restricted Endowments Total funds Tangible fixed assets Investment properties Investments Net current assets 16.452 950,0(KI 16.452 950,000 2,044,413 563A66 2,044,413 29.364 534.102 Not assets at Ihe end of the year 1.500.554 3,5T4,331 18 Movements In funds Incoming resources & gains Outgoing resources & Transfers In losses (Outl At the start of the year At the end of tho yoar Restrlcted funds: Yemin Orde Aloney Yitzchak Talpiol Alv 177.524 1459,4881 (25,0901 149,1101 281,964 25,090 37,875 11,235 1179A1 10.000 (1179811 34.200 3g.110 84.946 Nvh Tom The Village Way 144,2001 {39,1101 1104,9461 20,000 Total restr(cted funds 336,740 (721,Wl) 385.204 Capltal Endowmonts 1,932.858 55.480 85.439 2,073.777 Generdl funds 1,317,053 916.942 (348.237) {385.204) 1.500.554 Total unrestrtctsd fun(ts 3.249.911 972A22 (262,798) (385,204 3,574,331 Total lunds 3.249.911 1.309.162 (984,742) 3.574331 Purposes of restrkted funds Each restricted fund represents a separale village or projecl for which funds have been restricted for the purposes of providing educatsonal and support & maintenance grants. 24
Youth Altyah - Chlld Rescue (Llmlted by Guarantee) Notes to the flnanclal statements Forthe year ended 31 March 2024 19 R8con¢lllatlon of net Incomel (expondlturn) to not Cash flow from operatlng actlvttles 2024 2023 Net Income l (axpendlture) for the reportlng pork•d (as per the statement of financlal actmtlej) Depreciation Interest. rent and dividends from investrnents Gainsl (losses) on investments (Increase}I decrease in debtors Increasel (decrease) in credilors Net cash provlded by l (used In) oporatlng actm 324A20 1257,837) 2.196 {73.4221 170.123 9,135 (9.590) {159,395) (BB.093) (126,102) 117.708) 11,098) 93.623 20 Analys18 of cash and cash oqulvalonts Aprfl At31 2023 Cash flows March 2024 Cash at bank and in hand 450.831 141.882 692.713 Total cash and cash oqufvalents 45031 141.882 592,713 21 operatlng *80 commnmènts Total future minimum Fease Payffnts under non-cancellable operating leases are as follows.. 2024 2023 Less than 1 year 1~5years Over 5 years 13.776 13.200 13.TT6 13.200 22 Contlngent 4¥¥gts or Ilabllltles The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £10 in the event of the charity being wound up. 23 Relatsd party transactlons None of the trustees have been paid any muneratIon or received any other benefit from Ihe charity or a relaled entity. During the year, the charity received the donations from the Iruslees of £72,950. There are no other donations from related parties which are outside the nomial course of business and no restricted donalions from related parties. 25
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2024 24 Subsidiary Undertakings (prior yearl Name of Subsidiary Undertaking Children and Youth Aliyah Committee for Great Britain and Eire Youth Aliyah - Child Rescue Scholarship and maintenan Fund Basis of Consolidation Common management control Common management control 25 Movement in Pernianent Endowment Funds (prior year} Investment Gains I Incorne (Losses) 1 April 2022 Group Transfers 31 March 2023 Expenditure Children and Youth Ajiyah Committee for Great Britain and Eire 1,289,314 11,677 (90,941) {8,716} 1,201,334 Youth Aliyah - Child Rescue Scholarship and maintenan Fund 809,788 2,099.102 31,980 43,657 (79,182) 1170,123 131,062} 139,7781 731,524 1,932,858 The Children and Youth Aiyah Committee for Great Britain and Eire pemianent endowment ftjnd provides for the trustees lo invest the capital in perpetuity and is managed on a total retum basis. The trustees, at their discretion, may allocate any part of the unapplied total retum lo cultural enrichment programmes for the Youth Aiyah Villages in Israel. The Youth Aliyah - Child Rescue Scholarship and maintenan pemianent endowment fund is provided lo enable the investment income arising thereon lo be applied in the provision of scholarships to students in the Youth Aliyah Villages in 26 Analysis of net assets between funds {prior yearl General unrestricted Endowment Restricted Totsl funds Tangible fixed assets Investment properties Investments Nel current assets 18,491 950.000 18,491 950,000 1,878,642 402,778 1,878,642 54,216 348.562 Net assets at the gndof the year 1.317.053 1,932,858 3,249,911 Incoming At the start resourcgs & of the year gains Outgoing sources & Transfers Io$sgS In {Outi At the end of the year 27 Movements in funds (prior year) Restricted funds- Yemin Orde Aloney Yitzchak Talpiol Alv 182,834 6,000 1319,362} 1166,985} (60,000} 136.528 160,985 34.262 15,0001 12.886} {230.5981 134,643) 34,643 (25.000} 25.000 180,000) 80,000 25.738 5,0 233,484 Nvh Tom The Village Way Totsl restricted funds 30,738 422,318 1688,876} 235,820 Capital Endowments General funds 2.099.102 1,377,908 43.657 416,611 1209.901} 1241,646} {235.8201 1,932,858 1,317,053 Total unrestricted funds 3.477.010 460,268 {451.547) (235,8201 3.249,911 Total funds 3,507.748 882.586 (1,140.423) 3,249,911 Purposes of restricted funds Each restricted fund represents a separate village or project for which funds have been restricted for the purposes of providing educational and support & rna1ntenan grants. 26