Registered number 07668486
**Registered Charity Number 1142546**
J & J CHARITABLE TRUST LIMITED
Report and Accounts
31 December 2020
## **J & J CHARITABLE TRUST LIMITED Company Information**
## **Directors and Trustees**
J Schleider director & trustee J Bernstein trustee Mrs B Schleider trustee G Schauder trustee
## **Reporting Accountants**
Accounts and Business Solutions Limited 158 Cromwell Road Salford Manchester M6 6DE
## **Registered office**
163 Alexandra Road Gateshead Tyne & Wear NE8 1RB
## **Registered number**
07668486
## **Registered Charity Number**
1142546
1
## **J & J CHARITABLE TRUST LIMITED**
## **Report of the Trustees for the period ended 31 December 2020**
## **Co. number 07668486**
The trustees who are also directors of the charity for the purpose of the Companies Act present their report and accounts for the year ended 31 December 2020. The trustees have adopted the Accounting policies as shown in note 1 to the accounts.
## **Reference and administrative details**
References and administrative details are shown in the schedule of trustees and professional advisers on page 1 of the accounts.
## **The trustees**
The trustees/director who served the charity during the period were as follows:
J Schleider director & trustee
J Bernstein trustee Mrs B Schleider trustee G Schauder trustee
There is no executive officer nor any other staff employed in the charity. The day to day affairs are undertaken by trustees.
All major decisions are taken collectively by the trustees and all the trustees give their time freely.
## **Structure, governance and management**
The charity is constituted as a company limited by guarantee and was incorporated on 14 June 2011. It was registered as a charity on 23 June 2011.
It is therefore governed by a Memorandum and Articles of Association.
Recruitment and appointment of new trustees is in line with the memorandum and articles of association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
## **Risk review**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and the finances of the Trust, and are satisfied that systems are in place to manage it's exposure to the major risks.
## **Objectives and activities for the public benefit**
The objects of the charity are the relief of poverty amongst persons in need and hardship in the Jewish community, the advancement of education according to the beliefs and values of the orthodox Jewish faith and the advancement of the Jewish Orthodox religion.
The charity has established its grant making policy to achieve its objects for the public benefit. The charity invites applications for funding through contacting the trustees who will consider applications that the trustees feel are appropriate for the charity's objects as described below.
The promotion and advancement of educational and religious institutions throughout the world by providing funds to support the institutions educational programmes and research. The programmes are intended to cover all ages from nursery ages to adults.
2
## **J & J CHARITABLE TRUST LIMITED**
## **Report of the Trustees for the period ended 31 December 2020**
To provide funding to relieve poverty of individuals and families who are unable to sustain themselves. This includes the provision of daily requirements such as food, clothing, social and health care and medical care.
To provide the funding either directly to those in need or to organisations who provide the support.
The trustees consider the objectives meet the public benefit test.
## **Achievements and Performance**
The charity received £86,931 in donations during the year and £6,159 investment income.
The charity continued distribution of its charitable funds in accordance with its objectives. This year the charity concentrated on the relief of poverty and education.
The trustees expect to continue to make charitable grants in the ensuing year.
The charity has low support and governance costs. There were no material fundraising costs during the year.
There was an overall net deficit in resources during the year amounting to £27,877.
## **Financial review**
The charity has achieved a small increase in investment income.
The trustees consider the net rental yield of 144% to be reason able given the current rental market.
Overheads remained low.
As mentioned above the trustees intend to continue to make charitable grants in accordance with its objectives. The trustees have strived to generate income and establish sufficient reserves to enable it to continue the distribution of funds.
## **Reserves policy**
The Unrestricted Fund represents the unrestricted funds arising from past operating results. It is the policy of the charity to maintain its unrestricted funds at a level to cover six months overheads and to have sufficient funds to generally distribute funds in accordance with the wishes of the donors.
The Trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.
3
## **J & J CHARITABLE TRUST LIMITED Report of the Trustees for the period ended 31 December 2020**
## **Plans for future periods**
The trustees plan to continue raising funds for projects in line with the trust deed and peruse those objectives and projects with all the resources available to the charity.
## **Reporting Accountants**
A resolution to reappoint Accounts & Business Solutions Ltd as Independent Examiners will be put to the members at the Annual General Meeting.
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
## **Approval**
This report was approved by the board of directors and trustees on 30 December 2020 and signed on its behalf by.
J Schleider director & trustee
4
**J & J CHARITABLE TRUST LIMITED**
**2**
## **Independent examiner's report to the trustees of "J & J Charitable Trust"**
I report on the accounts of the company for the year ended 31st December 2019, which are set out on pages 6 to 13.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with our examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of the Companies Act 2006 and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006, and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
H Davies FCCA Accounts & Business Solutions Limited Chartered Certified Accountants and Registered Auditors
158 Cromwell Road Salford M6 6DE
20 April 2021
5
## **J & J CHARITABLE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2020**
## **SUMMARY INCOME AND EXPENDITURE ACCOUNT**
|**Notes**
**INCOMING RESOURCES**
Donations
Rent received
Surplus on disposal of investment property
Other income and grants
Total income
1
**RESOURCES EXPENDED**
**Direct charitable expenditure**
Direct charitable expenditure
**Governance costs**
Independent examiners fee
10
**Total expenditure**
**NET INCOME / DEFICIT FOR THE YEAR**
10
**Total funds:**
Brought forward
10
Carried forward
10|**Total**
**2020**
**£**
86,931
6,159
-
20,415
113,505
141,382
-
141,382
(27,877)
240,308
212,431|**Total**
**2019**
**£**
145,971
7,426
-
-
153,397
136,018
-
136,018
17,379
222,929
240,308|
|---|---|---|
## **Continuing operations**
None of the company's activities were acquired or discontinued during the above two financial years.
The accompanying accounting policies and notes form an integral part of these accounts
6
## **J & J CHARITABLE TRUST LIMITED**
## **Statement of total recognised gains and losses for the year ended 31 December 2020**
|**Notes**
(Loss)/profit for the financial year
Total recognised gains and losses related to the year|**2020**
**£**
(27,877)
(27,877)|**2019**
**£**
17,379
17,379|
|---|---|---|
7
## **J & J CHARITABLE TRUST LIMITED Balance Sheet as at 31 December 2020**
|**Notes**
**Fixed assets**
Tangible assets
4
**Current assets**
Debtors
5
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
6
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
7
**Net assets**
**Funds**
Revaluation reserve
9
Unrestricted funds
10
**Net assets**|**2020**
**£**
242,912
-
30,703
30,703
(3,519)
27,184
270,096
(45,637)
224,459
12,028
212,431
224,459|**2019**
**£**
242,912
6,701
18,745
25,446
(3,500)
21,946
264,858
(12,522)
252,336
12,028
240,308
252,336|
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
J Schleider director & trustee Director Approved by the board on 20 April 2021
8
## **J & J CHARITABLE TRUST LIMITED Cash Flow Statement for the year ended 31 December 2020**
|**Cash generated from operations**
Operating (loss)/profit
Reconciliation to cash generated from operations:
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Application of cash**
Interest paid
Repayment of amounts borrowed
**Net increase in cash**
Cash at bank and in hand less overdrafts at 1 January
**Cash at bank and in hand less overdrafts at 31 December**
Consisting of:
Cash at bank and in hand|**2020**
**£**
(27,877)
6,701
19
(21,157)
(457)
33,115
33,115
11,958
18,745
30,703
30,703|**2019**
**£**
17,379
(6,701)
(226)
10,452
(540)
(796)
(1,336)
9,116
9,629
18,745
18,745|
|---|---|---|
9
**J & J CHARITABLE TRUST LIMITED Notes to the Accounts for the year ended 31 December 2020**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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 2015)”. The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
## _**Incoming Resources**_
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
## _**Resources Expended**_
All expenditure other than that capitalised has been reflected in the Statement of Financial Activities on an accruals basis.
Charitable expenditure includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Management and administration costs include costs incurred with the management of the charity and its assets.
|**2**
**Operating profit**
This is stated after charging:
**3**
**Interest payable**
Interest payable
**4**
**Tangible fixed assets**
**Cost**
At 1 January 2020
At 31 December 2020
**Amortisation**
At 31 December 2020
Number of directors to whom benefits accrued under money
purchase pension schemes|**2020**
**£**
1
**2020**
**£**
457|**2019**
**£**
1
**2019**
**£**
540
**Land and**
**buildings**
**£**
242,912
242,912
-|
|---|---|---|
10
## **J & J CHARITABLE TRUST LIMITED**
## **Notes to the Accounts**
**for the year ended 31 December 2020**
|**Net book value**
At 31 December 2020
At 31 December 2019|242,912
242,912|
|---|---|
The investment properties have been valued by the directors at open market value at the balance sheet date. The historical cost of the properties is £230,884.
11
## **J & J CHARITABLE TRUST LIMITED**
**Notes to the Accounts for the year ended 31 December 2020**
|**5**
**Debtors**
Other debtors
**6**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
**7**
**Creditors: amounts falling due after one year**
Bank loans
**8**
**Loans**
Creditors include:
Secured bank loans
**9**
**Revaluation reserve**
At 1 January 2020
At 31 December 2020
**10 Reserves**
At 1 January 2020
Surplus for the year
At 31 December 2020
All reserves represent unrestricted funds.|**2020**
**£**
-
**2020**
**£**
19
3,500
3,519
**2020**
**£**
45,637
**2020**
**£**
45,637
**2020**
**£**
12,028
12,028
**2020**
**£**
240,308
(27,877)
212,431|**2019**
**£**
6,701
**2019**
**£**
-
3,500
3,500
**2019**
**£**
12,522
**2019**
**£**
12,522|
|---|---|---|
12
## **J & J CHARITABLE TRUST LIMITED**
## **Notes to the Accounts for the year ended 31 December 2020**
## **10 Costs of charitable activities**
|**Direct charitable costs**
Charitable donations
Support costs
Gifts
Projects
**Support Costs**
Telephone and fax
Motor expenses
Rent, rates and utilities
Interest payable
Insurance
Repairs and maintenance
Sundry expenses
Management and letting fees
Advertising and PR
Other legal and professional
**Governance costs**
Independent examiners and other professional fees|**2020**
**£**
126,610
5,178
994
8,600
141,382
**2020**
**£**
227
250
6
457
273
1,157
-
315
558
1,935
5,178
**2020**
**£**
-|**2019**
**£**
133,315
2,703
-
-
136,018
**2019**
**£**
-
-
63
540
341
1,217
5
410
-
127
2,703
**2019**
**£**
-|
|---|---|---|
13
## **J & J CHARITABLE TRUST LIMITED Notes to the Accounts**
## **for the year ended 31 December 2020**
|**10 **|**Costs of charitable activities**|||
|---|---|---|---|
|||**2020**|**2019**|
|||**£**|**£**|
|**11 **|**Charitable donations**|**2020**|**2019**|
|||**£**|**£**|
||Relief of poverty||59,895|
||Educational donations||54,102|
||Religious donations||23,236|
||Social and Health||7,600|
||||144,833|
## **12 Trustees remuneration expenses**
No remuneration or benefits at all were paid to any Trustees during the year.
14