Registered Company Number 07668486
**Registered Charity Number 1142546**
J & J CHARITABLE TRUST LIMITED
Report and Accounts
31 December 2022
## **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**
Whiteside and Davies Ltd 158 Cromwell Road Salford M6 6DE
## **Registered office**
163 Alexandra Road Gateshead Tyne & Wear NE8 1RB
## **Registered Company Number**
07668486
**Registered Charity Number** 1142546
1
## **J & J CHARITABLE TRUST LIMITED**
## **Report of the Trustees for the period ended 31 December 2022**
## **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 2022. The trustees have adopted the Accounting policies as shown in note 1 to the accounts.
## **Reference and administrative details**
## **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.
2
## **J & J CHARITABLE TRUST LIMITED**
## **Report of the Trustees for the period ended 31 December 2022**
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 £136,085 in donations during the year and £10,889 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 £26,484 (2021: Surplus of £111).
## **Financial review**
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.
3
## **J & J CHARITABLE TRUST LIMITED Report of the Trustees for the period ended 31 December 2022**
## **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 Whiteside and Davies 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 2023 and signed on its behalf by.
J Schleider director & trustee
4
## **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 2022.
## **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:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. 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
4. 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 Whiteside and Davies Ltd Chartered Certified Accountants and Registered Auditors
158 Cromwell Road Salford M6 6DE
30 October 2023
5
## **J & J CHARITABLE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022**
## **STATEMENT OF FINANCIAL ACTIVITIES**
|**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
Carried forward|**Total**
**2022**
**£**
136,085
10,889
-
-
146,974
173,458
-
173,458
(26,484)
212,542
186,058|**Total**
**2021**
**£**
138,644
8,000
1,716
26,383
174,743
174,132
500
174,632
111
212,431
212,542|
|---|---|---|
## **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 Balance Sheet as at 31 December 2022**
|**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 (liabilities)/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**|**2022**
**£**
240,166
25,040
7,990
33,030
(37,304)
(4,274)
235,892
(37,806)
198,086
12,028
186,058
198,086|**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|
|---|---|---|
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 2023
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**J & J CHARITABLE TRUST LIMITED Notes to the Accounts for the year ended 31 December 2022**
## **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|**2022**
**£**
1
**2022**
**£**
328|**2021**
**£**
1
**2021**
**£**
1,412|
|---|---|---|
8
## **J & J CHARITABLE TRUST LIMITED Notes to the Accounts for the year ended 31 December 2022**
## **4 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
||**Land and**|
||**buildings**|
||**£**|
|**Cost**||
|At 1 January 2022|233,879|
|Additions|6,287|
|At 31 December 2022|240,166|
|**Amortisation**||
|At 31 December 2022|-|
|**Net book value**
At 31 December 2022|240,166|
|At 31 December 2021|233,879|
|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**
Other creditors|**2022**
**£**
25,040
**2022**
**£**
37,304|**2021**
**£**
27,875
**2021**
**£**
4,000|
|---|---|---|
9
## **J & J CHARITABLE TRUST LIMITED Notes to the Accounts**
**for the year ended 31 December 2022**
|**7**
**Creditors: amounts falling due after one year**
Bank loans
**8**
**Loans**
Creditors include:
Secured bank loans
**9**
**Revaluation reserve**
At 1 January 2022
At 31 December 2022
**10 Reserves**
At 1 January 2022
Surplus for the year
At 31 December 2022
All reserves represent unrestricted funds.|**2022**
**£**
37,806
**2022**
**£**
37,806
**2022**
**£**
12,028
12,028
**2022**
**£**
212,542
(26,484)
186,058|**2021**
**£**
43,449
**2021**
**£**
43,449|
|---|---|---|
10
## **J & J CHARITABLE TRUST LIMITED**
## **Notes to the Accounts**
## **for the year ended 31 December 2022**
## **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|**2022**
**£**
134,538
38,611
309
-
173,458
**2022**
**£**
79
-
132
379
328
2,952
33
33,536
486
15
671
38,611
**2022**
**£**
-|**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|
|---|---|---|
## **13 Trustees remuneration expenses**
No remuneration or benefits at all were paid to any Trustees during the year.
11
## **J & J CHARITABLE TRUST LIMITED**
## **Notes to the Accounts**
**for the year ended 31 December 2022**
## **14 GRANT ANALYSIS**
|ACHISOMOCH
ASSER BISHVIL
ATERES
BONEI OLAM
FREIDA COPE
FRIENDS OF MIR
GATESHEAD JEWISH LEARNING SOCIETY
GATESHEAD KOLLEL
GATESHEAD YESHIVA
GJLS
JEWISH TEACHERS TRAINING COLLEGE
LESS THAN £1K
MENORAH PRIMARY SCHOOL
REALMSTATES
T & S TRUST
THE GATESHEAD KEHILLA
WELL OF TORAH
WST CHARITY LTD
YAMF
YESHIVA LETZIRIM
**TOTAL**|2,300.00
2,000.00
2,000.00
2,500.00
1,500.00
1,050.00
1,000.00
1,150.00
1,500.00
1,000.00
1,500.00
87,117.50
6,000.00
1,000.00
3,420.00
5,200.00
1,000.00
2,000.00
9,500.00
1,800.00
**134,537.50**|
|---|---|
12