Registered number 07668486
Registered Charity Number 1142546
J & J CHARITABLE TRUST LIMITED
Report and Accounts
31 December 2021
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
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J & J CHARITABLE TRUST LIMITED
Report of the Trustees for the period ended 31 December 2021
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 2021. 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 faith.
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.
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J & J CHARITABLE TRUST LIMITED
Report of the Trustees for the period ended 31 December 2021
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 £138,644 in donations during the year and £8,000 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 surplus in resources during the year amounting to £611.
Financial review
The charity has achieved a small increase in investment income.
The trustees consider the net rental yield of 3.4% to be reasonable 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.
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J & J CHARITABLE TRUST LIMITED Report of the Trustees for the period ended 31 December 2021
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 30th October 2022 and signed on its behalf by.
J Schleider director & trustee
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J & J CHARITABLE TRUST LIMITED
Independent examiner's report to the trustees of "J & J Charitable Trust"
I report to the trustees on my examination of the financial statements of J & J Charitable Trust Limited ('the charity') for the year ended 31 December 2021.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
David Pollak Accounts & Business Solutions Limited Chartered Certified Accountants and Registered Auditors
158 Cromwell Road Salford M6 6DE
30 October 2022
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J & J CHARITABLE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2021
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 12 Total expenditure NET INCOME / DEFICIT FOR THE YEAR 10 Total funds: Brought forward 10 Carried forward 10 |
Total 2021 £ 138,644 8,000 1,716 26,383 174,743 174,132 500 174,632 111 212,431 212,542 |
Total 2020 £ 86,931 6,159 - 20,415 113,505 141,382 - 141,382 (27,877) 240,308 212,431 |
|---|---|---|
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
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J & J CHARITABLE TRUST LIMITED Balance Sheet as at 31 December 2021
| 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 |
2021 £ 233,879 27,875 10,265 38,140 (4,000) 34,140 268,019 (43,449) 224,570 12,028 212,542 224,570 |
2020 £ 242,912 - 30,703 30,703 (3,519) 27,184 270,096 (45,637) 224,459 12,028 212,431 224,459 |
|---|---|---|
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 30 October 2022
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J & J CHARITABLE TRUST LIMITED Notes to the Accounts for the year ended 31 December 2021
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). 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 Benefits 3 Interest payable Interest payable Number of directors to whom benefits accrued under money purchase pension schemes |
2021 £ 1 2021 £ 1,412 |
2020 £ 1 2020 £ 457 |
|---|---|---|
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J & J CHARITABLE TRUST LIMITED Notes to the Accounts for the year ended 31 December 2021
4 Tangible fixed assets
| Cost At 1 January 2021 Additions Disposals At 31 December 2021 Amortisation At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
Land and buildings £ 242,912 8,125 (17,158) 233,879 - 233,879 242,912 |
|---|---|
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.
| 5 Debtors Other debtors 6 Creditors: amounts falling due within one year Trade creditors Other creditors |
2021 £ 27,875 2021 £ - 4,000 4,000 |
2020 £ - 2020 £ 19 3,500 3,519 |
|---|---|---|
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J & J CHARITABLE TRUST LIMITED Notes to the Accounts
for the year ended 31 December 2021
| 7 Creditors: amounts falling due after one year Bank loans 8 Loans Creditors include: Secured bank loans 9 Revaluation reserve At 1 January 2021 At 31 December 2021 10 Reserves At 1 January 2021 Surplus for the year At 31 December 2021 All reserves represent unrestricted funds. |
2021 £ 43,449 2021 £ 43,449 2021 £ 12,028 12,028 2021 £ 212,431 111 212,542 |
2020 £ 45,637 2020 £ 45,637 |
|---|---|---|
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J & J CHARITABLE TRUST LIMITED
Notes to the Accounts for the year ended 31 December 2021
11 Costs of charitable activities
| Direct charitable costs Charitable donations Support costs Gifts Projects Support Costs Telephone and fax Stationery and printing Motor expenses Rent, rates and utilities Interest payable Insurance Software Repairs and maintenance Management and letting fees Advertising and PR Other legal and professional 12 Governance costs Independent examiners and other professional fees |
2021 £ 160,565 10,271 496 2,800 174,132 2021 £ (163) 99 841 578 1,412 4,132 16 516 262 (188) 2,766 10,271 2021 £ 500 |
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 £ - |
|---|---|---|
13 Trustees remuneration expenses
No remuneration or benefits at all were paid to any Trustees during the year.
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