YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND Report and Financial Statements For the Year Ended 31 March 2025
YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND INDEX FOR I"HE YEAR ENDED 31 MARCH 20?5 CONTENTS Charity inforination I I'LIJLLL S KiLPKII-L Auditor's Report Statement of Financial Activities Balance sheet 10 Notes lo the Accounts
YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND CHARITY INFORMATION Corporate Trustee Youth Aliyah - Child Rescue (a company limited by guarantee) The Directors of which are :_ M F Robinson (Chairnian) A J Taylor A D Curtis B S Curtis E Eytan Alvarez H Soning J Tenenbaum N Winters S Kaufmann S M Strauss T Davis V Kisilevsky Principal Address 235 Regents Park Road London N3 3LF Charity Number 1087468 Bankers HSBC 69 Pall Mall London, SWIY SEY Auditors Goldwins Limited Chartered Accountants and Registered Auditors 75 Maygrove Road London NW6 ?EG Solicitors Martin Paisner CBE Payne Hicks Beach l O New Square Lincoln's Inn London WC2A 3QG
YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustee presents its Report touether with the Audited Accounts of the Charity for the year ended 31 March 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Instrument The Charity is an unincorp()rated association governed by a Charity Commission Scheme adopted on 31 May 2001. Trustees Tlie Corpoi-ate TrLlStLe is Yoiith Alijah Child Rescue. a Coinpaii), Liniited by Qilcll-aiitee Liiidil. L"c)iiii)aiii- IlLiiiII)Li' JS'4 jL)16 aiid L lidi'ili i)uiiil)Ll' 107 7L) I J. dii-LLLoi-S iiiid Ii"LisILLS 01- l OilLii JiIi)'iiii Lfillli al-i 011 i-aL? OBJECTS AND ACTIVKTIES Principal Actii'ity Youth Aliyah Child Rescue Scholarship and Maintenance Fund is effectively a subsidiary of Youth Aliyah Child Rescue and the sole activity of the Charity is to manage the Scholarsliip endowment funds and to utilise the income arising tlierefrom to provide scholarship to students in the Youth Aliyah Villages in Israel. Review of Activities Youth Aliyah Child Rescue Scholarship and Maintenance Fund is responsible for disbursing grants to individual children in the villages in the form of scholarships. committee meets once a year and receive5 recommendatlons from the Directors ol the Villages. Many of the scholarships givcn have specified criteria. and the Committee tries to matcli these with tlie most needy children. The Childreii theii receive a small Stipend for tlie year.
YOUTH ALIYAH - CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND STATEMENT OF RESPONSIBILITIES OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF RESPONSIBLITIES OF THE TRUSTEE The trustee is responsible for preparing the trustee's annual report and the fiiiancial statements in accordance with applicable law and United Kingdom AccountÉng Standard5 (United Kingdom Generally Accepted Accounting Practice). Charity law requires the trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustee is 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 State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustee is responsible for the maintenance and integrity of the corporate and financial infom)ation included on the charity's webslte. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND STATEMENT OF RESPONSIBILITIES OF THE TRUSTEE Continued FOR THE YEAR ENDED 31 MARCH ?0?5 Statement as to disclosure to our auditors In so far as the trustee is aware: There is no relevant audit information of which the charity's auditors are unaware. and The trustee has tsken all steps that it ought to have taken to make itself aware of any relevant audit information and to establish that the auditors are aware of that information. Auditors Goldwins Liniited have eipressed tlieir ivillin(Fness to continue in olCe as Auditors. resolutioii proposin(T their re-appoiiilnieiit ii.'ill be submitled at tlie Aniiual Cjetiei-al MceLiii -I-IIL trLisILL s aiiniia I rLSiori lia% Iiecii 11 iiiii-niiecl bi, ilie Irii%leL (In and signed on its behstf by. M Robinson Esq - (Chairman)
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAiwfENANCE FUND Opinion We have audited the financial statements of Youth Aliyah Child Rescue Scholarship and Maintenance Fund (the 'Charity') for the year ended 31 March 20?5 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statcments, 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). In our opinion, the financial statements: give a true and fair view of the state of Charity's affairs as at 31 March 2025 and of the 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 Charities Act 2011 Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilitkes 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 statetnents 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 01 collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least 12 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 thts report.
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND (Continued) Other information The other inlormation comprises the information included in the annual report, includino the trustee's report, otlier than the fiiiancial statements and our auditor's report thereon. The trustee Ès responsible for the other information contained wi(hin the annual report. Our opinion on the financial statements docs not cover tlie other inforination and, except to the exteiit otherwise explicitly stated in our report, we do not express any form of assuraiice conclusion thereon. Oui. responsibility is to read the other infom]ation 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 othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements: we are required to determine ivhether this gives rise to a material misstatement in the financial statements theinselves. 11, based on the Mrork we have perfortned, ..e conclude that tliere is a Inaterial misstatement of this otlier inform¢ltioii. Ive are required to report ih¢lt fact. Iu I'LI)i)i-l iii Iliis I'L, Matters on Ivhich ive 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 Trustee's Annual Report. We have nothina to report in respect of the followints matters in relation to wliich the Charities Act 2011 requires us to report to you if, in our opinion- the information given in the trustee's report is inconsistent in any material respect with the financial statements; or sufficient accouiiting records have not been kept" or the fInancial statements are not in agreement with the accounting records" or we have not received all the information and explanations we require for our audit. Responsibilities of the trustee As explained more fully in the trustee's responsibilities statement, tlie trustee is responsible for the preparation ofthe financial statements and for beinu satisfied that they give a true and fair view. and for such internal control as it detem]ines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND (Continued) In preparing the financial statements, the trustee is 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 trustee either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the fjnancial ststements as a whole are free from material misstatemenL 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 il, 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 responsibÉlities. outlined above, to detect matsrkal misstatements in Tespect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We enquired about management, which included obtaining and reviewing supporting documentation, concerning the charily's policies and procedures relating to: o identifying, evaluating, and complying with laws and regulalions 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 rAsks related to fraud or non- compliance with laws and regulations We obtsined 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 joumal 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
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND (Continued) Because of the inherent limitations of an audit, tliere is a risk that we will iiot detect all irrcgularlties, includin(F those leadin(F to a material misstatement in the financial statetnents or non-compliance with reoulation. The risk is also greater reoardino irreoularities occurring due to fraud rathei- than error, as fraud involves intentional coiicealmeiit, forgery, collusioii, omission or misrepresentation. A furtlier description of our responsibilities for the audit of the fiIiancial statemeiits is located on the Financial Reporting Council's M'ebsite at.. [wivw.frc.org.uldauditorsresponsibilities]- This description forms part of our auditor's report. Use of our report This report is made solely to the Charity's trustee: as a body: in accordance with section 144 of the Cliarities Act 201 l and the regulations made under section 154 of the Act. Our audit work has been undertaken so that we mi(rht state to tlie Charity's trustee those Inatters we al'e required to state to them in an auditor s report and for no otlier piirpose. To the fullest exteiit perinitted bj. laii,. li e do not accept or assiiiT]e respoiisibility to aiiJ'onL Other tlian tlie Charilv .111d iliL L'I)ill'il} s Ii-LlblLi as a boJN'. lui. oui- aLidil ii-oi-k-: Icii- Lllis I'il)t)I'l. iii. loi. IIIL OIIIIIiUllb KI'L 29 November 2025 Goldwins Limited Statutory Auditor Chartered Accountants 7) Ma)'grove Road West Hampstead London NW6 2EG Goldwins Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note Income from: Investments 27,049 31,999 Expenditure on: Raising funds (5,443) (5,987) Charitable Activittes (25,000) (25,000) {3,394) 1,012 Transfer from Youth Aliyah - Child Rescue Transfer from Children and Youth Aliyah Committee for Great Britain and Eire NET INCOME/(EXPENDITURE) (3.394) 1,012 Investment (Losses)/Gains (33,216) (24,904) NET MOVEMENT IN FUNDS (36,610) (23,892) Funds Brought Forward 707,632 731,524 Funds Carried Forward £671.022 £707,632 The attached notes fonn part of the financial statements.
YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINfENANCE FUND BALANCE SHEET AS AT 31 MARCH 20?5 NOTE 202) 2024 FIXED ASSETS Investments 764,710 776,381 CURRENT ASSF.TS Cash at bank 12,341 12,280 CREDITORS.. amounts falling due ii'ithin one l'ear - YACR (106:0?9) (81,0?9) NET CURRENT (LIABILITIES)IASSETS (9J,688) (68,749) NET ASSETS £671,022 £707,632 FUNDS Endowment Funds £671,022 £707,632 £671,022 £707,632 Approved by the Corporate Trustee on LF H_-,. and signed on its behalf by M Robinson Esq (Chairman) A Taylor (Hon Treasurer) The attached notes form part of the financial statements. 10
YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 AccouwfING POLICIES a) Basis of preparation of accounts The financial statements have been prepared in accordance with Accounting and Reporting by Charites: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective l January 2015) - (Charities SORP FRS 102). The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relevant accounting policy or note. b) Income Investment income is credited to income on a received basis. Pemianent endowments are dealt with through the Statement of Financial Activities when received. c) Investments Investments are stated ftn the Balance Sheet at market value. The stalement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.
YOUTH ALIYAH- CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND NOTES TO THE ACCOUNTS Continued FOR T14E YEAR ENDED 31 MARCH ?025 Total 20?5 Total 2024 CHARITABLF. AIv[T1F.s Grants to Israel.. Scholarships 25,000 25,000 INVESTMENTS MarLet Value as at l April 20?4 776,)81 775,483 11.7CPI) (f 987) l)i£D()%al -I'ranst"er Realised & Unrealised Gains l (Losses) (33.216) (24,904) Market Value at 31 March 2025 £746,710 £776,381 Investments niay by analysed as follorS Cash Investment funds and bonds Equities 41,874 327,255 395,581 8,505 318,543 449,333 £746,710 £776,381 12
YOUTH ALIYAH - CHILD RESCUE SCHOLARSHIP AND MAINTENANCE FUND NOTES TO THE ACCOUNTS Continued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEE'S REMUNERATION AND EXPENSES No remuneration was paid to the trustee in the year, nor were any expenses reimbursed to it. CONNECTED CHARITY The charity is a subsidiary of Youth Aliyah - Child Rescue, a Company Limited by guarantee, which is registered in England and operates within the United Kingdom. The principal place of business of Youth Aliyah - Child Rescue is 235 Regents Park Road, London, N3 3LF. The Children and Youth Aliyah Committee for Great Britain and Eire is a fellow subsidiary of the charity Youth Aliyah- Child Rescue. 13