YOUTH ALIYAH - CHILD RESCUE (A Company Limited by Guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
YOUTH ALIYAH - CHILD RESCUE CONTENTS Charity Information Trustees' Report Independent Auditor's Report Statement of Financial Activities Balance Sheets Statement of Cash Flows Notes to the Accounts Page 2 - 6 7 - 10 11 12 13 14 - 26
YOUTH ALIYAH - CHILD RESCUE CHARITY INFORMATION Trustees : M F Robinson (Chairman) H Soning J Tenenbaum N Winters S Kaufmann SM Strauss T Davis V Kisilevsky Secretary Company number Charity number Registered office address : : : : Principal bankers : Auditors : Solicitors : Ms D Mehdi 3845916 1077913 235 Regents Park Road Finchley London N3 3LF HSBC 69 Pall Mall London, SWIY SEY Goldwins Limited Chartered Accountants and Registered Auditors 75 Maygrove Road London NW6 2EG 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 ended 31 March 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT 1. Governing Document Youth Aliyah - Child Rescue is a charitable company limited by guarantee, incorporated on 21 September 1999. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding f10. 2. Appointment of Trustees All Directors of the Company are also Trustees of the Charity. All of the trustees are named on page 1. 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. Organisation The board of trustees administers the charity. The day-to-day operational responsibility is delegated to the Chiel Executive Officer who in turn advises the Board on strategic and financial issues. The Board has overall responsibility for financial controd of the Charity: The Board currendy receives quarterly management iccuults. 4. Risk Management The trustees have a risk management strategy, which comprises: • A review of the risks the charity may face; • The establishment of systems and procedures to mitigate those risks identified in the plan; and • The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. Over the past year, the risk management strategy has been reviewed and implemented. The Treasurer attended a charities workshop in this regard which highlighted areas in which the strategy could be enhanced and strengthened. Consequently, the Treasurer is currently engaging in a process to develop the overall strategy. The Treasurer carried out a review of the Charity's international transfer procedures, assessing the effectiveness of due diligence, approval, and monitoring arrangements to ensure funds are transferred securely and in accordance with legal and regulatory requirements The Treasurer continues to provide monthly reports to the Trustees covering investments and available funds in the charity. The Trustees are also issued a weekly report with details of the charity's income. A key element in the management of financial risk is the setting of a reserves policy and its regular review by trustees. 5. Structure Melvin Robinson continues to be Chairman. Aron Taylor continues to serve as Honorary Treasurer. Daliah Mehdi continues to serve as Chief Executive Officer. In addition to the ongoing meetings of the Board's committees, ad hoc fundraising committees were formed to hold fundraising events. Six trustees joined our board this year. 2
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 additional 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 fund major projects such as new dormitories, sports and arts facilities, therapeutic programmes, and provide scholarships 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 • Approaching 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 bar/bat mitzvah charity project programme • Marketing and Public Relations (newsletters, website, e-newsletters, campaigns etc) • Legacy programme (participating in Jewish Legacy Campaign together with 42 other charities). Events Tuesday 16th April 2024, Cinema Night. 216 attendees, £6283 net revenue • Sunday 23rd June 2024, Maccabi Community Fun Run. 15 runners, £4,880 raised • Thursday 12th September 2024, 2nd Annual Poker Night, 98 attendees, £20,970 net revenue • Tuesday 10th December 2024, Lily Gabriella Jewellery Event, 32 attendees, £5,000 raised • Monday 17th March 2025, Annual Dinner, 280 attendees and £360,330 net revenue Legacies Legacies amounting to £42,289.28 were received, as detailed below: Legacy Doreen Rossdale Ilse Heckscher Total Amount £32,053.28 £10,236.00 £42,289.28 In addition to this, we continue to maintain the two flats in the rental property on Portland Road in Hove, bequeathed to us by Stella Hartsilver z'I. One tenant has recently moved out. Once redecorated, this unit will be available for rental. The other continues to generate regular income for the charity. 3
YOUTH ALIYAH - CHILD RESCUE TRUSTEES' REPORT YOUTH VILLAGES All the villages and programmes that we support continue to benefit from annual maintenance funding, as well as scholarship funds for each village's most financially disadvantaged children. The events on 7 October 2023 and the subsequent war in Israel have continued to have a profound effect on students, graduates and staff of our Youth Villages. There has continued to be a significant number of children arriving from Ukraine and Russia. The Youth Villages have hired additional therapists, specifically ones who speak Russian and are trained to address trauma. These children have fled one war zone, only to find themselves in another. The needs of these children are extensive, ranging from basic physical needs such as shoes to the complex psychological effects of trauma. Our Youth Village received additional funding to help with unanticipated expenses related to the war. Aloney Yitzhak Ongoing funding was secured for a programme that provides the infrastructure that allow students to volunteer in the areas surrounding the youth village. This not only allows the young people to make connections with their broader community, it also allows them to recognise their own self-worth by seeing that they themselves have something to give, rather than only being the recipients of charitable acts. The Carter Bakery was expanded. and new equipment was purchased. This facility allows students to learn healthy food preparation while fecding their fellow students and local families in need. Talpiot A beloved "house father", who had lived at Talpiot with his family for over 3 years, was killed during the initial Hamas attack. Tragically, another was killed a year later. This has had a profound effect on the entire community. The house fathers enjoyed taking their students on hikes, to deepen their love for the country. We provided funding so that all the students could go on 'memorial hikes', where they could remember their beloved father figures and process their grief. Funding was also provided to furnish a family unit for girls and to purchase an emergency generator. Neve Hadassah The courtyard in front of the synagogue and the exterior of the building were refurbished, providing an inviting space for both informal and formal student gatherings. Funding was provided to furnish a computer room, and a living stipend was awarded to a graduate who was profoundly injured. Yemin Orde Funds raised at our Gala Dinner were used to refurbish an unused dormitory, allowing students to live in an appropriate setting. An additional year of funding was secured for the Na'ale Programme, which allows children from the former Soviet Union to attend high school in Israel, with the option to subsequently remain in Israel. Funding was sent for therapeutic support of students, and a living stipend was awarded to a graduate who was profoundly injured. Our trustee, Harvey Soning, and his wife Angela asked for donations in lieu of 60 anniversary gifts. These funds were used to build a hair and beauty studio, allowing students to obtain vocational training and certification before graduating. 4
YOUTH ALIYAH - CHILD RESCUE TRUSTEES' REPORT Village Way In addition to annual maintenance funds, the Stein Scholarship continues to be awarded to a graduate of a Village way programme. Scholarships A new scholarship was established this year. The Jake Marlowe Memorial Scholarship was named for a young British man who was murdered at the Nova Festival on 7 October 2023. The scholarship represents the strong bond between British Jewry and the State of Israel. This year's award of £5,000 was given to a student at TOM Youth Village who shared Jake's passion for music and warm embrace of all who meet him. FINANCIAL REVIEW Key financial achievements of 2025 include: a 19% decrease in income on the previous year - from £1,309,162 to £1,096,077 maintenance of unrestricted reserves of at least 12 months' core operating costs Excluding grants payable, the Charity's expenditure in 2025 of £425,914 represents an increase of 10% from £388,900 in the previous year. This is predominantly a result of the increase in fundraising costs and incremental overhead costs. The Charity's expenditure of £425,914, which is listed in detail on note 6 of the Accounts, represents a ratio of 39% of total income. Support and Governance Costs (£108,987) represent a ratio of 10% of total income (an increase from 8.5% in 2024). Our grants to the Villages in Israel totalled £673,393 which was a reduction from £721,944 in 2024. 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 March 2025 stood at £512,770 and the Trustees consider that this amount meets their aims and allows a further sum to be distributed. The Finance and Operations Committee, consisting 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 Our goals for the coming year are the following • To raise funds to support unanticipated expenses due to the Israel-Hamas war • To hold more in person events in order to increase the amount of face-to-face contact with current supporters and to engage new supporters, as well as to raise funds • To continue to improve our communication with our donors through regular newsletters and email communications • To continue to raise the profile of the charity in the UK by optimising all existing opportunities and creating new ones • To continue to develop our trustee programme and fundraising committees and to engage newly recruited trustees • To build and strengthen relationships with Jewish youth movements, schools and synagogues • To identify our next Chairman To continue to develop our bar/bat mitzvah programme that encourages young people in the U.K. to raise money for peer aged at risk children in Israel. 5
YOUTH ALIYAH - CHILD RESCUE TRUSTEES' REPORT Statements of Trustees' responsibilities The Trustees, who are also the directors of Youth Aliyah - Child Rescue for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing the accounts, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; and prepare the accounts on the going concern basis unless it is inappropriate to presume that will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to disclosure to our auditors In so far as the trustees are aware: • There is no relevant audit information of which the charitable company's auditors are unaware; and The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Approved by the trustees on .. 24/11/2025 •...and signed on their behalf by; M Robinson Esq - (Chairman) 6
YOUTH ALIYAH - CHILD RESCUE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH ALIYAH - CHILD RESCUE Opinion We have audited the financial statements of Youth Aliyah - Child Rescue (the 'Charity') for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheets, Consolidated statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting 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 March 2025 and of the Group's income and expenditure for the year then ended; • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; • have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with 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 accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate 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 performed, we have not identified any material uncertainties relating to 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 at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the annual report, including the trustee's report, other than the financial statements and our auditor's report thereon. The trustee is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the 7
YOUTH ALIYAH - CHILD RESCUE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH ALIYAH - CHILD RESCUE extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: • the information given in the trustees' report (incorporating the directors' report) for the financial year for which the financial statements are prepared is consistent with the financial 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 exception In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Annual Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires 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 not visited by us; • the financial statements are not in agreement with the accounting records and returns; certain disclosures of trustees' remuneration specified by law are not made; or • we have not obtained all the information and explanations necessary for the purposes of our audit. Responsibilities of the trustees As explained more fully in the Trustees' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, 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 realistic alternative but to do so. 8
YOUTH ALIYAH - CHILD RESCUE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH ALIYAH - CHILD RESCUE Our responsibilities for the audit of the financial statements 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 issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that 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 detailed below: In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: We enquired about management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to: • identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance; • Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud; • The internal controls 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 charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience. • We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. • We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. • In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor's report. 9
YOUTH ALIYAH - CHILD RESCUE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH ALIYAH - CHILD RESCUE Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. Anthony Epton Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NIG 2EG 29 November 2025
Youth Aliyah - Child Rescue (Limited by Guarantee) Consolidated Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2025 Note Income from: Donations and legacies Other trading activities Investments Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income / (expenditure) before net gains / (losses) on investments Net (losses)/gains on investments Net income / (expenditure) for the year Transfers between funds Net income / (expenditure) before other recognised gains and losses Gains / (losses) on revaluation of fixed assets Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 4 5 Unrestricted Restricted Endowments Funds Funds Funds € € 205,303 491,202 307,838 33,215 5,688 - 52,831 7 546,356 282,291 126,293 408,584 137,772 - 137,772 (79,136) 58,636 (50,000) 8,636 1,500,554 1,509,190 496,890 651,026 651,026 (154,136) - (154,136) 154,136 - - All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements. 52,831 14,697 25,000 39,697 13,134 12,202 25,336 (75,000) (49,664) (49,664) 2.073.777 2,024,113 2025 Total Funds 696,505 307,838 91,734 1,096,077 296,988 802,319 1,099,307 (3,230) 12,202 8,972 - 8,972 2024 Total Funds 659,024 562,045 88,093 - 1,309,162 277,915 832,929 1,110,844 198,318 126,102 324,420 324,420 (50,000) (41,028) 324,420 3,574,331 3,249,911 3,533,303 3,574,331
Youth Aliyah - Child Rescue (Limited by Guarantee) Balance sheets As at 31 March 2025 Fixed assets: Tangible assets Investment properties Investments Current assets: Debtors Cash at bank and in hand Note 10 11 12 13 Liabilities: Creditors: amounts falling due within one year Net current assets Total net assets Funds Restricted funds Capital Endowments Unrestricted funds: General funds Total funds 14 GROUP 2025 15,001 900,000 2,094,652 3,009,653 13,571 548,260 561,831 (38,181) 523,650 3,533,303 2024 16,452 950,000 2,044,413 3,010,865 18,908 592,713 611,621 (48,155) 563,466 3,574,331 18 2,024,113 1,509,190 3,533,303 2,073,777 1,500,554 3,574,331 CHARITY 2025 € 15,001 900,000 915,001 119,600 512,770 632,370 (38,181) 594,189 1,509,190 : 1,509,190 1,509,190 2024 16,452 950,000 - 966,452 99,937 557,320 657,257 (123,155) 534,102 1,500,554 : 1,500,554 1,500,554 The financial statements have been prepared in accordance with the special provisions for small companies under Part15 of the Companies Act 2006. Approved by the trustees on. 24/11/2025 ..••. and signed on their behalf by: AL M Robinson Chairman Company registration no. 03845916 The attached notes form part of the financial statements. A Taylor Treasurer 12
Youth Aliyah - Child Rescue (Limited by Guarantee) Consolidated Statement of cash flows For the year ended 31 March 2025 Note 19 2025 2025 (97,175) 2024 2024 Cash flows from operating activities: Net cash provided by / (used in) operating activities Cash flows from investing activities: Interest/ rent/ dividends from investments Sale/ (purchase) of fixed assets Sale/ (purchase) of investments 93,623 91,734 (975) (38,037) 88,093 (165) (39,669) Cash provided by / (used in) investing activities 52,722 48,259 Cash provided by / (used in) financing activities - Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 20 (44,453) 592,713 548,260 - 141,882 450,831 592,713 13
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 1 Accounting policies a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts ir accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006. The charitable company 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 or note. Group financial statements exemption afforded by Section 408 of the Companies Act 2006. b) Going concern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and fiabilities within the next reporting period c) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income 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' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and 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 recognition are met. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to 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 the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. 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 the legacy is a treated as a contingent asset and disclosed if material. d) Donations of gifts, services and facilities 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 met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees' annual report for more information about 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 to pay to obtain 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 Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 1 Accounting policies (continued) e) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. f) Fund accounting Unrestricted funds are 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 set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. g) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 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 to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. • Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs. • Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred h) Allocation 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 its and activities. 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. i) Operating leases Rental charges are charged on a straight line basis over the term of the lease. j) Tangible fixed assets Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: Computer equipment Software Office equipment and furniture 25% 6% 15% Straight line method Straight line method Reducing balance method k) Investment properties 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 Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 1 Accounting policies (continued) Listed investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities. m) Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. n) Cash at bank and in hand Cash at bank and cash 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. o) Creditors and provisions Creditors and 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 to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. p) 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. 9) Pensions The charity operates a defined contribution pension scheme. The cost of the contributions made by the charity to the scheme are charges to profit and loss as incurred.
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 2 Detailed comparatives for the statement of financial activities (prior year) 2024 Unrestricted Funds 325,469 562,045 29,428 916,942 262,252 85,985 348,237 2024 Restricted Funds 333,555 3,185 336,740 721,944 721,944 Income from: Donations and legacies Other trading activities Investments Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income / expenditure before gains / (losses) on investments Net gains / (losses) on investments Net income / expenditure Transfers between funds Net income / (expenditure) before other recognised gains and losses Net movement in funds Total funds brought forward Total funds carried forward 2024 Endowment Funds € : 55,480 55,480 15,663 25,000 40,663 2024 Total Funds 659,024 562,045 88,093 1,309,162 277,915 832,929 1,110,844 568,705 568,705 (385,204) 183,501 183,501 1,317,053 1,500,554 (385,204) (385,204) 385,204 - - - 14,817 126,102 140,919 - 140,919 140,919 1,932,858 2,073,777 198,318 126,102 324,420 324,420 324,420 3,249,911 3,574,331
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 3 Income from donations and legacies Unrestricted Donations Legacies 163,014 42,289 205,303 Restricted 491.202 - 491,202 Endowment : 4 Income from other trading activities Unrestricted Restricted Functions Other events 253,907 53,931 307,838 Endowment 5 Income from investments Bank interest Rent Investment income Unrestricted 333215 - 33,215 Restricted 5,688 : 5,688 Endowment 137 - 52,694 52,831 18 2025 Total 654,216 42,289 696,505 2025 Total 253,907 53,931 307,838 2025 Total 5,825 33,215 52,694 91,734 2024 Total 616,370 42,654 659,024 2024 Total 520,179 41,866 562,045 2024 Total 3,793 29,428 54,872 88,093
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 6 Analysis of expenditure Grants payable Fundraising, event and promotion Staff costs Recruitment & training Rent and rates Insurance Light and Heat Investment property repairs and maintenance Office costs IT Costs Telephone Printing, postage and stationery Travel expenses Legal and professional Endowment portfolio management Audit fee Accountancy services Subscription: Bank charges Depreciation Basis of Charitable allocation activities Direct Direct 673,393 Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct 65,204 14,352 7,087 - - - 105 12,884 14.607 2,089 296,988 Support costs 108,987 4,366 ... 2,825 1,748 108,987 (108,987) Governance costs 19,939 Support Governance costs costs 2025 Total 2024 Total € € 673,393 721,944 140,055 116,620 186,636 172,949 12,600 11,040 14,352 13,776 7,087 5,398 458 396 583 105 438 12,884 15,882 1,176 1.545 4,309 1,499 4,366 6,267 14,607 15,203 6,600 6,600 13,339 11,163 2,089 1,841 2,825 5,495 2,426 2,204 19,939 1,099,307 1,110,844 (19,939) 6,600 13,339 Total expenditure 2025 802,319 296,988 1,099,307 - 1,110,844 Total expenditure 2024 832,929 277,915 Of the total expenditure, £408,584 was unrestricted (2024: E348,237), £651,028 was restricted (2024: E721,941) and E33,697 was endowments (2024: £40,663). Grants payable include grants to institutions in Israel for educational purposes. Analysis of expenditure (prior year) Grants payable Fundraising, event and promotion Staff costs Recruitment & training Rent and rates Insurance Light and Heat Investment property repairs and maintenance Office costs IT Costs Telephone Printing, postage and stationery Travel expenses Legal and professional Endowment portfolio management Audit fee Accountancy services Subscriptions Bank charges Depreciation Support costs Governance costs Total expenditure 2024 Cost of Basis of Charitable raising allocation activities funds Direct 721,944 Direct Direct : 116,620 126,006 Direct 11,040 Direct Direct 2,592 Direct 396 Direct 583 Direct Direct Direct Direct : 1,457 Direct Direct 1,499 Direct - 15,203 Direct Direct Direct 1,841 Direct Direct 678 721,944 93,222 277,915 17,763 832,929 277,915 Support Governance costs costs 2024 Total 46,943 13,776 2,806 - - 438 15,882 721.944 116,620 172,949 13.016 5,398 396 583 : 438 15,882 1,546 1,499 6,267 6,267 15,203 6,600 11,163 : 6,600 11,163 1,841 5,495 1,526 93,222 (93,222) 5,495 2,204 17,763 1,110,844 (17,763) 1,110,844 19
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 7 Net income / (expenditure) for the year This is stated after charging / (crediting): Operating lease rentals: Property Depreciation Auditor's remuneration (excluding VAT): Audit fees Foreign exchange (gains) / losses 8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows: Salaries and wages Social security costs Employer's contribution to defined contribution pension schemes 2025 14,352 2,426 5,500 - 2024 13,776 2,204 5,500 2025 2024 169,676 13,959 3,001 186,636 158,827 12,449 1,673 172,949 The following number of employees received employee benefits (excluding employer pension) during the year between: £80,000 - £89,999 2025 No. 1 2024 No. 1 The total employee benefits including pension contributions of the key management personnel were £94,475 (2024: £94,474). The charity trustees were not paid or received any other benefits from employment with the charity or its subsidiaries in the year (2024: ENil) neither were they reimbursed expenses during the year (2024: ENil). Staff numbers The average number of employees (head count based on number of staff employed) during the year was as follows: Raising funds Support 2025 No. 3 1 4 2024 No. 3 1 4 9 Taxation The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 20
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 10 Tangible fixed assets - Group and Charity Cost At the start of the year Additions in year Disposals in year At the end of the year Depreciation At the start of the year Charge for the year Eliminated on disposal At the end of the year Net book value At the end of the year At the start of the year All of the above assets are used for charitable purposes. 11 Investment properties - Group and Charity Fair value at the start of the year Additions Disposals Revaluation during the year Fair value at the end of the year 12 Investments - Group Investments at fair value: Market value at the start of the year Additions at cost Disposals at carrying value Realised & unrealised gain/(loss) Market value at the end of the year Software 34,144 : 34,144 18,538 2,049 20,587 13,557 15,606 Office Equipment Computer Equipment 4,259 : 4,259 3,450 121 3,571 688 809 21,554 975 22,529 21,517 256 21,773 756 37 Total 59,957 975 - 60,932 43,505 2,426 45,931 15,001 16,452 2025 € 950,000 (50,000) 900,000 2024 950,000 : 950,000 Investments may by analysed as follows :- Investment funds and bonds Equities Cash 2025 2,044,413 52,694 (14,657) 12,202 2,094,652 2025 895,683 1,088,263 110,706 2,094,652 2024 1,878,642 54,872 (15,203) 126,102 2,044,413 2024 676,961 1,350,235 17,217 2,044,413 21
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 13 Debtors - Group Other debtors Prepayments and accrued income 2025 € 6,230 7,341 13,571 Debtors - Charity Other debtors Prepayments and accrued income Amounts due from subsidiary undertaking 2025 6,230 7,341 106,029 119,600 14 Creditors: amounts falling due within one year - Group Trade creditors Accruals Other creditors Grant payable 2025 30,132 449 38,181 Creditors: amounts falling due within one year- Charity Trade creditors Accruals Taxation and social security Other creditors Amounts due to subsidiary undertaking 2025 31,132 6,600 38,181 15 Pension scheme The assets of the pension scheme are held separately from those of the charity, in independently administered funds. 22 2024 5,890 13,018 18,908 2024 5,890 13,018 81,029 99,937 2024 16,555 6,600 25,000 48,155 2024 16,555 6,600 25,000 75,000 123,155
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 16 Subsidiary Undertakings 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 activities are managed by Youth Aliyah - Child Rescue at its principal place of business. Name of Subsidiary Undertaking Children and Youth Aliyah Committee for Great Britain and Eire Basis of Consolidation Common management control Youth Aliyah - Child Rescue Scholarship and Maintenance Fund Common management control Movement in Permanent Endowment Funds 1 April 2024 1,366,145 Investment Income (Losses)/Gains 25,782 45,418 Children and Youth Aliyah Committee for Great Britain and Eire Youth Aliyah - Child Rescue Scholarship and Maintenance Fund Expenditure (9,254) Group Transfers (75,000) 31 March 2025 1,353,091 707,632 27,049 (33,216) (30,443) - 671,022 2,073,777 52,831 12,202 (39,697) (75,000) 2,024,113 The Children and Youth Aliyah Committee for Great Britain and Eire permanent endowment fund provides for the trustees to invest the capital in perpetuity and is managed on a total return basis. The trustees, at their discretion, may allocate any part of the unapplied total return to cultural enrichment programmes for the Youth 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 to students in the Youth Aliyah Villages in Israel. 23
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 17 Analysis of net assets between funds Tangible fixed assets Investment properties Investments Net current assets/(liabilities) Net assets at the end of the year 18 Movements in funds General unrestricted 15,001 900,000 594,189 1,509,190 Restricted Endowments Total funds € 15,001 900,000 2.094,652 (70,539) 2,024,113 2,094,652 523,650 3,533,303 Restricted funds: Yemin Orde Talpiot Aly All Nvh Tom The Village Way Total restricted funds Capital Endowments General funds Total unrestricted funds Total funds Incoming At the start resources & of the year gains : : 2,073,777 1,500,554 3,574,331 250,285 10,000 7,500 219,105 10,000 : 496,890 52,831 546,356 599,187 3,574,331 1,096,077 Outgoing resources & Transfers in At the end losses (Out) of the year (396,026) (50,000) (50,000) (68,000) (45,000) (36,000) (651,026) (27,495) (458,584) (486,079) (1,137,105) 145,741 40,000 13,500 (219,105) 58,000 45,000 36,000 154,136 (75,000) (79,136) .... 2,024,113 1,509,190 (154,136) 3,533,303 3,533,303 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 & maintenance grants. 24
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 19 Reconciliation of net income/ (expenditure) to net cash flow from operating activities Net income / (expenditure) for the reporting period (as per the statement of financial activities) Depreciation Interest, rent and dividends from investments Gains/ (losses) on investments (Increase)/ decrease in debtors Increase/ (decrease) in creditors Net cash provided by / (used in) operating activities 20 Analysis of cash and cash equivalents 2025 8,972 2,426 (91,734) (12,202) 5,337 (9,974) (97,175) 2024 324,420 2,204 (88,093) (126,102) (17,708) (1,098) 93,623 At 1 April At 31 2024 Cash flows March 2025 f € 592,713 (44,453) 548,260 592,713 (44,453) 548,260 Cash at bank and in hand Total cash and cash equivalents 21 Operating lease commitments Total future minimum lease payments under non-cancellable operating leases are as follows: 2025 14,352 Less than 1 year 1 - 5 years Over 5 years 14,352 2024 13.778 : 13,776 22 Contingent assets or liabilities 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 Related party transactions None of the trustees have been paid any remuneration or received any other benefit from the charity or a related entity. During the year, the charity received the donations from the trustees of £38,930. There are no other donations from related parties which are outside the normal course of business and no restricted donations from related parties. 25
Youth Aliyah - Child Rescue (Limited by Guarantee) Notes to the financial statements For the year ended 31 March 2025 24 Subsidiary Undertakings (prior year) ame of Subsidiary Undertakin hildren and Youth Aliyah Committee for Great Britain and Ei Youth Aliyah - Child Rescue Scholarship and Maintenance Fund 25 Movement in Permanent Endowment Funds (prior year) Basis of Consolidation Common management control Common management control 1 April 2023 € Income Investment Gains / (LOSseS)E Expenditure Group Transfers 31 March 2024 Children and Youth Aliyah Committee for Great Britain and Eire Youth Aliyah - Child Rescue Scholarship and Maintenance Fund 1,201,334 23.481 151,006 (9,676) - 731,524 31.765 (24,670) (30,987) 1,932,858 55,246 126,336 (40.663) 1,366,145 707.632 2,073.777 The Children and Youth Aliyah Committee for Great Britain and Eire permanent endowment fund provides for the trustees to nvest the capital in perpetuity and is managed on a total return basis. The trustees, at their discretion, may allocate any part o he unapplied total return to cultural enrichment programmes for the Youth Aliyah Villages in Israe he Youth Alıyah- Chiki Rescue Scholarship and Maintenance permanent endowment fund is provided to enable the investme come arising thereon to be applied in the provision of scholarships to students in the Youth Aliyah Villages in Isra 26 Analysis of net assets between funds (prior year) Tangible fixed assets Investment properties Investments Net current assets Net assets at the endof the year General unrestricted 16,452 950,000 534,102 1,500,554 Rostricted Endowments : - 2,044,413 29,364 2,073,777 Total funds 16,452 950,000 2,044,413 563.466 3.574,331 Incoming Outgoing At the start resources & resources & Transfers In At the end of 27 Movements in funds (prior year) of the yoar gains the year Restricted funds: Yemin Orde Aloney Yitzchak Talpiot All Nvh .... 177,524 (459,488) 281,964 (25,090) 25,090 11,235 (49,110) 37,875 117,981 (117,981) 10,000 (44,200) 34,200 Tom (39,110) 39,110 The Village Way 20,000 (104,946) 84,946 Total restricted funds 336,740 (721,944) 385,204 ... Capital Endowments 1,932,858 55,480 85,439 2,073,777 General funds 1,317,053 916,942 (348,237) (385,204) 1,500,554 Total unrestricted funds 3.249.911 972,422 (262,798) (385,204) 3,574,331 Total funds 3,249,911 1,309,162 (984,742) 3,574,331 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 & maintenance grants 26