**REGISTERED CHARITY NUMBER: 1097875**
**REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024**
**FOR**
## **J & R CHARITABLE TRUST**
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
**J & R CHARITABLE TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Trustees' Responsibility Statement**|3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Statement of Financial Position**|6|
|**Statement of Cash Flows**|7|
|**Notes to the Statement of Cash Flows**|8|
|**Notes to the Financial Statements**|9 to 14|
## **J & R CHARITABLE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024**
The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity was registered on 9 June 2003.
The principal objectives of the charity are:
- -The advancement of religion in accordance with the Orthodox Jewish Faith
- -The relief of poverty, and
- -Any other activities recognised by English Law as charitable.
There have been no changes in the objectives since the last annual report.
## **Public benefit**
The trustees confirm that they have referred to the guidance contained in the Charity's Commission's general guidance on public benefit when reviewing the charity's aims and objectives and planning future activities and setting the grant making policy for the year.
The charity was set up to support the activities of religious Jewish organisations especially in the field of education. The trustees identify institutions and organisations which meet its criteria and regularly support a number of these institutions and organisations, which themselves are growing not only in England but also worldwide.
The charity is also supportive of organisations which are solely committed to the relief of poverty. Such organisations assist needy Jewish families financially and also through the distribution of basic necessities.
The income of the charity is derived from investments and donations. The trustees continued their support of those organisations deemed to promote the objects of this charity.
## **Grantmaking**
The charity accepts applications for grants from representatives of various charities, which are reviewed by the trustees on a regular basis.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year under review, the charity received donations totalling £524,614 [2023 - £249,437] and made donations totalling £463,607 [2023 - £561,063] in line with its charitable objectives.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The charity generates its income from investment property and donation from companies associated with the trustees.
## **Reserves policy**
The charity maintains unrestricted free reserve at a level adequate to meet its short term operational obligation.
## **Going concern**
The trustees believe that the charity has enough resources to continue for in foreseeable future.
Page 1
## **J & R CHARITABLE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
The charity does not currently intend to recruit any new trustees. Should this status change in the future, the trustees will adopt a suitable policy to recruit and train new trustees.
## **Related parties**
Related party transaction and balance detail are disclosed in notes to the financial statement.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1097875
## **Principal address**
4 Cazenove Road London N16 6BD
## **Trustees**
J Fekete M Benedikt (resigned 10.7.24) C A HONIG (resigned 10.7.24) S Landy (appointed 10.7.24) Mrs Fekete (appointed 10.7.24)
## **Independent Examiner**
M. A. Venitt Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
Approved by order of the board of trustees on 29 April 2025 and signed on its behalf by:
J Fekete - Trustee
Page 2
## **J & R CHARITABLE TRUST**
## **TRUSTEES' RESPONSIBILITY STATEMENT FOR THE YEAR ENDED 30 JUNE 2024**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees 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 those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards 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 business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF J & R CHARITABLE TRUST**
## **Independent examiner's report to the trustees of J & R Charitable Trust**
I report to the charity trustees on my examination of the accounts of J & R Charitable Trust (the Trust) for the year ended 30 June 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M. A. Venitt
Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL
29 April 2025
Page 4
## **J & R CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024**
|30.6.24
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
527,614
**EXPENDITURE ON**
Raising funds
3
2,828
**Charitable activities**
4
Charitable
463,607
Other
2,031
**Total**
468,466
**NET INCOME/(EXPENDITURE)**
59,148
**RECONCILIATION OF FUNDS**
Total funds brought forward
525,993
**TOTAL FUNDS CARRIED FORWARD**
585,141|30.6.23
Total
funds
£
249,437
2,571
561,063
1,325
564,959
(315,522)
841,515
525,993|
|---|---|
The notes form part of these financial statements
Page 5
## **J & R CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL POSITION**
## **30 JUNE 2024**
|30.6.24
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
9
-
**CURRENT ASSETS**
Debtors
10
575,408
Cash at bank
11,653
587,061
**CREDITORS**
Amounts falling due within one year
11
(1,920)
**NET CURRENT ASSETS**
585,141
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
585,141
**NET ASSETS**
585,141
**FUNDS**
12
Unrestricted funds
585,141
**TOTAL FUNDS**
585,141|30.6.23
Total
funds
£
-
524,596
35,727
560,324
(34,330)
525,994
525,993
525,993
525,993
525,993|
|---|---|
The financial statements were approved and authorized for issue by the Board of Trustees and authorised for issue on 29 April 2025 and were signed on its behalf by:
J Fekete - Trustee
The notes form part of these financial statements
Page 6
## **J & R CHARITABLE TRUST**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash used in operating activities
**Cash flows from investing activities**
Sale of tangible fixed assets
Sale of investment property
Net cash provided by investing activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning**
**of the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|30.6.24
£
(24,074)
(24,074)
-
-
-
(24,074)
35,727
11,653|30.6.23
£
(314,464)
(314,464)
102,496
248,025
350,521
36,057
(330)
35,727|
|---|---|---|
The notes form part of these financial statements
Page 7
## **J & R CHARITABLE TRUST**
## **NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2024**
## **1. 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)**
**Adjustments for:**
(Increase)/decrease in debtors
Decrease in creditors
**Net cash used in operations**|30.6.24
£
59,148
(50,811)
(32,411)
(24,074)|30.6.23
£
(315,522)
6,099
(5,041)
(314,464)|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|At 1.7.23
Cash flow
At
£
£
**Net cash**
Cash at bank
35,727
(24,074)
35,727
(24,074)
**Total**
35,727
(24,074)|30.6.24
£
11,653
11,653
11,653|
|---|---|
The notes form part of these financial statements
Page 8
**J & R CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance Fixtures and fittings - 15% on reducing balance
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 9
**J & R CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024**
|**2.**
**DONATIONS AND LEGACIES**
Donations
**3.**
**RAISING FUNDS**
**Raising donations and legacies**
Fundraising expenses
**Investment management costs**
Function expenses
Aggregate amounts
**4.**
**CHARITABLE ACTIVITIES COSTS**
Charitable
**5.**
**GRANTS PAYABLE**
Charitable|30.6.24
30.6.23
£
£
527,614
249,437
30.6.24
30.6.23
£
£
2,828
-
30.6.24
30.6.23
£
£
-
2,571
2,828
2,571
Grant
funding of
activities
(see note
5)
£
463,607
30.6.24
30.6.23
£
£
463,607
561,063|
|---|---|
continued...
Page 10
**J & R CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024**
## **6. SUPPORT COSTS**
|**SUPPORT COSTS**||||
|---|---|---|---|
|||Governance||
||Finance|costs|Totals|
||£|£|£|
|Other resources expended|111|1,920|2,031|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|249,437|
|**EXPENDITURE ON**||
|Raising funds|2,571|
|**Charitable activities**||
|Charitable|561,063|
|Other|1,325|
|**Total**|564,959|
|**NET INCOME/(EXPENDITURE)**|(315,522)|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|841,515|
|**TOTAL FUNDS CARRIED FORWARD**|525,993|
continued...
Page 11
## **J & R CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024**
## **9. TANGIBLE FIXED ASSETS**
|Improvements
to
property
£
**COST**
At 1 July 2023 and 30 June 2024
73,911
**DEPRECIATION**
At 1 July 2023 and 30 June 2024
73,911
**NET BOOK VALUE**
At 30 June 2024
-
At 30 June 2023
-
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**12.**
**MOVEMENT IN FUNDS**
At 1.7.23
£
**Unrestricted funds**
General fund
525,993
**TOTAL FUNDS**
525,993
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
527,614
**TOTAL FUNDS**
527,614|Improvements
to
property
£
**COST**
At 1 July 2023 and 30 June 2024
73,911
**DEPRECIATION**
At 1 July 2023 and 30 June 2024
73,911
**NET BOOK VALUE**
At 30 June 2024
-
At 30 June 2023
-
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**12.**
**MOVEMENT IN FUNDS**
At 1.7.23
£
**Unrestricted funds**
General fund
525,993
**TOTAL FUNDS**
525,993
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
527,614
**TOTAL FUNDS**
527,614||Fixtures
and
fittings
£
16,201
16,201
-||
|---|---|---|---|---|
|||-
30.6.24
£
575,408
30.6.24
£
1,920
Net
movement
in funds
£
59,148
59,148|||
||Incoming
resources
£
527,614
527,614||||
continued...
Page 12
## **J & R CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024**
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.7.22
£
841,515
841,515|Net
movement
in funds
£
(315,522)
(315,522)|At
30.6.23
£
525,993
525,993|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
249,437
249,437|Resources
Movement
expended
in funds
£
£
(564,959)
(315,522)
(564,959)
(315,522)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.7.22
£
841,515
841,515|Net
movement
in funds
£
(256,374)
(256,374)|At
30.6.24
£
585,141
585,141|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
777,051
(1,033,425)
(256,374)
777,051
(1,033,425)
(256,374)|
|---|---|
continued...
Page 13
**J & R CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024**
## **13. RELATED PARTY DISCLOSURES**
Related party disclosure for the year under review are listed below.
1. Donation totalling £78,500 was received from a registered charity with a common trustee.
2. Donation totalling £65,000 was paid to a registered charity with a common trustee.
Page 14