| Page | |||
|---|---|---|---|
| Reference and Administrative Details ofthe Charity, |
its Trustees and Advisers | ||
| Trustees' Report |
2-4 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial | Activities | ||
| Balance Sheet | 7-8 | ||
| Notes to the Financial Statements | 9-22 |
| THE JEWISH YOUTH FUND | THE JEWISH YOUTH FUND | THE JEWISH YOUTH FUND | THE JEWISH YOUTH FUND | THE JEWISH YOUTH FUND | ||||
|---|---|---|---|---|---|---|---|---|
| (A Company Limited |
by | Guarantee) | ||||||
| REFERENCE AND | ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS |
|||||||
| FOR THE | YEAR ENDED 30SEPTEMBER2023 | |||||||
| Trustees | Philippa Strauss, | Chairman | ||||||
| Adam Rose, Hon Secretary | ||||||||
| Lea Helman | ||||||||
| Joshua Marks | ||||||||
| Robin Moss | ||||||||
| Joseph Woolf | ||||||||
| Gabriel Turner | (appointed | 15June | 2023) | |||||
| Sara Jacqueline | Franks (appointed | 15June 2023) | ||||||
| Philip Goldstein | (resigned 6 October 2022) | |||||||
| Stephen Spitz |
(resigned 4 October | 2022) | ||||||
| Company | registered | |||||||
| number | 00329379 | |||||||
| Charity registered | ||||||||
| number | 251902 | |||||||
| Registered | office | 35 Ballards Lane | ||||||
| London | ||||||||
| N3 1XW | ||||||||
| Independent | Examiner | lan Saunderson | FCA | |||||
| BKLAudit LLP | ||||||||
| 35 Ballards Lane | ||||||||
| London | ||||||||
| N3 1XW | ||||||||
| Bankers | CAF Bank Ltd | |||||||
| 25 Kings Hill Avenue |
||||||||
| Kings Hill |
||||||||
| West Mailing | ||||||||
| Kent | ||||||||
| ME194JQ | ||||||||
| HSBC | ||||||||
| 60 Queen Victoria Street | ||||||||
| London | ||||||||
| EC4N 4TR | ||||||||
| Advisory | Board | All trustees (as listed above) |
| Unrestricted | Total | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||||||
| 2023 | 2023 | 2022 | |||||||||
| Note | E | E | |||||||||
| Income from: | |||||||||||
| Investments | 52,413 | 52,413 | 58,929 | ||||||||
| Other income | 2,938 | ||||||||||
| Total income | 52,413 | 52,413 | 61,867 | ||||||||
| Expenditure on: |
|||||||||||
| Raising funds - | investment | management | fees | 11,511 | 11,511 | 13,394 | |||||
| Charitable activities |
96,736 | 96,736 | 208,534 | ||||||||
| Total expenditure | 108,247 | 108,247 | 221,928 | ||||||||
| Net expenditure | before net gains/(losses) | on | |||||||||
| investments | (55,834) | (55,834) | (160,061) | ||||||||
| Net (losses)/gains | on investments | 46,574 | 46,574 | (1'/9, 156) | |||||||
| Net movement | in | funds before other | recognised | ||||||||
| gains/(losses) | (9,260) | (9,260) | (279,217) | ||||||||
| Other recognised | gains/(losses): | ||||||||||
| Gains on revaluation | offixed assets | 50,000 | 50,000 | 400,000 | |||||||
| Net movement | in | funds | 40,740 | 40,740 | 120,783 | ||||||
| Reconciliation | of | funds: | |||||||||
| Total funds brought | forward | 3,643,659 | 3,643,659 | 3,522,876 | |||||||
| Net movement | in | funds | 40,740 | 40,740 | 120,783 | ||||||
| Total funds carried forward | 3,684,399 | 3,684,399 | 3,643,659 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | f. | |||||
| Fixed assets | ||||||
| Tangible assets | 10 | 1,700,000 | 1,650,000 | |||
| Investments | 12 | 1,571,640 | 1,566,477 | |||
| Investment property |
11 | 395,000 | 395,000 | |||
| 3,666,640 | 3,617,477 | |||||
| Current assets | ||||||
| Debtors | 13 | 831 | 802 | |||
| Cash at bank and | in hand | 26,004 | 47,393 | |||
| 26,835 | 42,195 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 14 | (9,076) | V0,073) | |||
| Net current assets | 17,759 | 32,182 | ||||
| Total assets less | current liabilities | 3,684,399 | 3,643,659 | |||
| Total net assets | 3,684,399 | 3,643,659 | ||||
| Charity funds | ||||||
| Unrestricted funds |
15 | 3,684,399 | 3,643,659 | |||
| Total funds | 3,684,399 | 3,643,659 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2023 | ||
| Rental income | 15,648 | 15,648 | |
| Dividends | received | 33,489 | 33,489 |
| Interest received | 3,276 | 3,276 | |
| 52,413 | 52,413 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| Rental income | 17,877 | 17,877 | |
| Dividends | received | 36,029 | 36,029 |
| Interest received | 5,023 | 5,023 | |
| 58,929 | 58,929 |
| Total | ||||||
|---|---|---|---|---|---|---|
| funds | ||||||
| 2023 | ||||||
| f. | ||||||
| Other exceptional | income | |||||
| Unrestricted | Total | |||||
| funds | funds | |||||
| 2022 | 2022 | |||||
| Other exceptional | income | 2,938 | 2,938 | |||
| 4. | Investment | management | costs | |||
| Unrestricted | Total | |||||
| funds | funds | |||||
| 2023 | 2023 | |||||
| Investment | management | fees | 11,511 | 11,511 |
| Unrestricted | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2022 | |||||
| Investment | management | fees | 13,394 | 13,394 | ||
| 5. | Analysis | ofgrants | ||||
| Grants to | Total | |||||
| Institutions | funds | |||||
| 2023 | 2023 | |||||
| f. | f. | |||||
| Supporting | Jewish Youth | Organisations | 55,500 | 55,500 | ||
| Grants to | Total | |||||
| Institutions | funds | |||||
| 2022 | 2022 | |||||
| Supporting | Jewish Youth | Organisations | 113,750 | 113,750 | ||
| Grants paid to educate | and advance | religion | ||||
| 2023 | 2022 | |||||
| March ofthe Living UK | 5,000 | |||||
| University | ofJewish Chaplaincy | 3,000 | 10,000 | |||
| Union ofJewish Students | 5,000 | 12,500 | ||||
| 8,000 | 27,500 |
| Grants | paid f | or recreat | ion &leisure |
||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| f. | |||||
| BBYO | 3,500 | 6,500 | |||
| Camp Simcha | 5,000 | ||||
| Chabad | Israeli | Summer | Centre | 2,500 | |
| Edgware | 11th | Jewish Scouts | 1,500 | ||
| EAYC | 1,000 | ||||
| Friendship Circle |
3,000 | 4,000 | |||
| Friends | of Bnei Akiva | 10,000 | 10,500 | ||
| FZY | 3,500 | 7,500 | |||
| Habonim | Dror | 3,500 | 3,500 | ||
| Jewish Music Institute | 2,000 | ||||
| JLGB | 4,000 | ||||
| Leeds Judean | (The Zone) | 5,000 | |||
| Liberal Judaism | 1,500 | 2,000 | |||
| Maccabi | GB | 8,000 | |||
| Movement for |
Reform Judaism | 3,500 | 4,000 | ||
| Noam | 6,000 | ||||
| Project | Impact | 1,250 | |||
| S Pinter | Youth | Summer | Grants | 4,000 | |
| TAL | 1,000 | ||||
| 40,000 | 67,750 |
| 2023 | 2022 | ||
|---|---|---|---|
| f. | |||
| Bikkur Cholim D'Satmar | 2,500 | ||
| Chaverim | 2,000 | ||
| Keren | 5,000 | ||
| Lubavitch | of Edgware | 2,500 | |
| Norwood | (Unity) | 2,500 | |
| Side by Side (Children) | 2,500 | ||
| Step by Step | 5,000 | ||
| SPYP | 2,500 | ||
| Sunbeams | '/,500 | ||
| 7,500 | 18,500 |
| Grant | ||||||
|---|---|---|---|---|---|---|
| funding of | Support | Total | ||||
| activities | costs | funds | ||||
| 2023 | 2023 | 2023 | ||||
| Supporting | Jewish | Youth | Organisations | 55,500 | 41,236 | 96,736 |
| Grant | ||||||
| funding of | Support | Total | ||||
| activities | costs | funds | ||||
| 2022 | 2022 | 2022 | ||||
| Supporting | Jewish | Youth | Organisations | 113,750 | 94,784 | 208,534 |
| Support | Total | ||
|---|---|---|---|
| Costs | funds | ||
| 2023 | 2023 | ||
| Wages, salaries and pension costs | 13,298 | 13,298 | |
| Accounting | fees | 9,076 | 9,076 |
| Sundry costs | 2,124 | 2,124 | |
| Bank charges | 60 | 60 | |
| Insurance | 1,814 | 1,814 | |
| ITcosts | 1,454 | 1,454 | |
| Governance | costs | 13,410 | 13,410 |
| 41,236 | 41,236 | ||
| Support | Total | ||
| Costs | funds | ||
| 2022 | 2022 | ||
| Wages, salaries and pension costs | 17,702 | 17,702 | |
| Accounting | fees | 7,118 | 7,118 |
| Sundry costs | 1,279 | 1,279 | |
| Bank charges | 90 | 90 | |
| Insurance | 7/3 | 713 | |
| Property costs | 53,019 | 53,019 | |
| ITcosts | 1,062 | 1,062 | |
| Governance | costs | 13,801 | 13,801 |
| 94,784 | 94,784 |
| Analysis of | governance | costs | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f. | ||||
| Independent | Examination | fee | 1,960 | 7,782 |
| Wages, salaries and pension costs | 8,865 | 8,847 | ||
| 10,825 | 10,629 |
| -E1,620), an Staff costs |
d accoun | ting fee ofE2,614(2 |
022- E2,376) and oth | er fees o | fE5,341 (2022-E4,742 | ) |
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| f. | ||||||
| Wages and salaries | 21,802 | 28,396 | ||||
| Other pension costs | 361 | 664 | ||||
| 22,163 | 29,060 | |||||
| The average | number | ofpersons employed | by the charity during | the year | was as follows: | |
| 2023 | 2022 | |||||
| No. | No. | |||||
| Employees |
| Freehold | |
|---|---|
| property | |
| Cost or valuation | |
| At 1 October 2022 | 1,650,000 |
| Revaluations | 50,000 |
| At 30 September 2023 | 1,700,000 |
| Net book value | |
| At 30 September 2023 | 1,700,000 |
| At 30September 2022 | 1,650,000 |
| 2023 | 2022 | ||
|---|---|---|---|
| f. | |||
| Freehold | property | 786,683 | 835,339 |
| Long term | |
|---|---|
| leasehold | |
| investment | |
| property | |
| Valuation | |
| At 1 October 2022 | 395,000 |
| At 30 September 2023 | 395,000 |
| Cash held in | |||
|---|---|---|---|
| Listed | investment | ||
| investments | porffolio | Total | |
| Cost or valuation | |||
| At 1 October 2022 | 1,497,207 | 69,270 | 1,566,477 |
| Additions | 270,256 | 279,117 | 549,373 |
| Disposals | (263,117) | (327,767) | (590,884) |
| Revaluations | 46,674 | 46,674 | |
| At 30 September 2023 | 1,551,020 | 20,620 | 1,571,640 |
| Net book value | |||
| At 30 September 2023 | 1,551,020 | 20,620 | 1,571,640 |
| At 30September 2022 | 1,497,207 | 69,270 | 1,566,477 |
| 2023 | 2022 | ||
|---|---|---|---|
| f. | |||
| Due within | one year | ||
| Prepayments | and accrued income | 831 | 802 |
| 831 | 802 |
| 2023 | 2022 | ||
|---|---|---|---|
| f. | |||
| Accruals and deferred | income | 9,076 | 9,013 |
| Grant creditors | 1,000 | ||
| 9,076 | 10,013 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 30 | |||||
| October | Gains/ | September | ||||
| 2022 | Income | Expenditure | (Losses) | 2023 | ||
| Unrestricted | funds | |||||
| Reserves | 3,643,659 | 52,413 | (108,247) | 96,574 | 3,684,399 | |
| Statement of | funds - prior year | |||||
| Balance at | ||||||
| Balance at | 30 | |||||
| 1 October | Gainsi | September | ||||
| 2021 | Income | Expenditure | (Losses) | 2022 | ||
| Unrestricted | funds | |||||
| Reserves | 3,522,876 | 61,867 | (221,928) | 280,844 | 3,643,659 |
| Analysis ofnet assets between funds - current ye | ar | |
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2023 | 2023 | |
| f. | f. | |
| Tangible fixed assets | 1,700,000 | 1,700,000 |
| Fixed asset investments | 1,571,640 | 1,571,640 |
| Investment property |
395,000 | 395,000 |
| Current assets | 26,835 | 26,835 |
| Creditors due within one year | (9,076) | (9,076) |
| Total | 3,684,399 | 3,684,399 |
| Analysis ofnet assets between funds - prior year | ||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2022 | 2022 | |
| Tangible fixed assets | 1,650,000 | 1,650,000 |
| Fixed asset investments | 1,566,477 | 1,566,477 |
| Investment property |
395,000 | 395,000 |
| Current assets | 42,195 | 42,195 |
| Creditors due within one year | ('/0, 013) | ('/0, 013) |
| Tl | 3,643,659 | 3,643,659 |