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2023-09-30-accounts
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Page |
Reference and Administrative Details ofthe Charity, |
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its Trustees and Advisers |
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Trustees' Report |
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2-4 |
Independent Examiner's |
Report |
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| Statement of Financial |
Activities |
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| Balance Sheet |
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7-8 |
| Notes to the Financial Statements |
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9-22 |
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THE JEWISH YOUTH FUND |
THE JEWISH YOUTH FUND |
THE JEWISH YOUTH FUND |
THE JEWISH YOUTH FUND |
THE JEWISH YOUTH FUND |
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(A Company Limited |
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by |
Guarantee) |
| REFERENCE AND |
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ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS |
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FOR THE |
YEAR ENDED 30SEPTEMBER2023 |
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| Trustees |
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Philippa Strauss, |
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Chairman |
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Adam Rose, Hon Secretary |
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Lea Helman |
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Joshua Marks |
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Robin Moss |
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Joseph Woolf |
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Gabriel Turner |
(appointed |
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15June |
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2023) |
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Sara Jacqueline |
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Franks (appointed |
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15June 2023) |
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Philip Goldstein |
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(resigned 6 October 2022) |
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Stephen Spitz |
(resigned 4 October |
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2022) |
| Company |
registered |
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| number |
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00329379 |
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| Charity registered |
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| number |
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251902 |
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| Registered |
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office |
35 Ballards Lane |
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London |
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N3 1XW |
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| Independent |
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Examiner |
lan Saunderson |
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FCA |
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BKLAudit LLP |
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35 Ballards Lane |
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London |
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N3 1XW |
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| Bankers |
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CAF Bank Ltd |
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25 Kings Hill Avenue |
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Kings Hill |
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West Mailing |
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Kent |
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ME194JQ |
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HSBC |
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60 Queen Victoria Street |
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London |
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EC4N 4TR |
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| Advisory |
Board |
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All trustees (as listed above) |
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Unrestricted |
Total |
Total |
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|
funds |
funds |
funds |
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|
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|
2023 |
2023 |
2022 |
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Note |
E |
E |
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| Income from: |
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|
|
|
|
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| Investments |
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|
|
|
|
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|
52,413 |
52,413 |
58,929 |
| Other income |
|
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|
|
|
|
|
|
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2,938 |
| Total income |
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|
|
|
|
|
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|
52,413 |
52,413 |
61,867 |
Expenditure on: |
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| Raising funds - |
investment |
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|
management |
fees |
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|
11,511 |
11,511 |
13,394 |
Charitable activities |
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|
|
|
|
|
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|
96,736 |
96,736 |
208,534 |
| Total expenditure |
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|
108,247 |
108,247 |
221,928 |
| Net expenditure |
|
before net gains/(losses) |
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on |
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| investments |
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|
(55,834) |
(55,834) |
(160,061) |
| Net (losses)/gains |
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|
on investments |
|
|
|
|
|
46,574 |
46,574 |
(1'/9, 156) |
| Net movement |
in |
|
funds before other |
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|
recognised |
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| gains/(losses) |
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|
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|
(9,260) |
(9,260) |
(279,217) |
| Other recognised |
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gains/(losses): |
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| Gains on revaluation |
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|
offixed assets |
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|
50,000 |
50,000 |
400,000 |
| Net movement |
in |
|
funds |
|
|
|
|
|
40,740 |
40,740 |
120,783 |
| Reconciliation |
of |
|
funds: |
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| Total funds brought |
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|
forward |
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|
3,643,659 |
3,643,659 |
3,522,876 |
| Net movement |
in |
funds |
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|
40,740 |
40,740 |
120,783 |
| Total funds carried forward |
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|
|
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|
|
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|
3,684,399 |
3,684,399 |
3,643,659 |
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2023 |
|
2022 |
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Note |
|
f. |
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| Fixed assets |
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| Tangible assets |
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10 |
|
1,700,000 |
|
1,650,000 |
| Investments |
|
12 |
|
1,571,640 |
|
1,566,477 |
Investment property |
|
11 |
|
395,000 |
|
395,000 |
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|
3,666,640 |
|
3,617,477 |
| Current assets |
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| Debtors |
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13 |
831 |
|
802 |
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| Cash at bank and |
in hand |
|
26,004 |
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47,393 |
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26,835 |
|
42,195 |
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| Creditors: amounts |
falling due within one |
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| year |
|
14 |
(9,076) |
|
V0,073) |
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| Net current assets |
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|
17,759 |
|
32,182 |
| Total assets less |
current liabilities |
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|
3,684,399 |
|
3,643,659 |
| Total net assets |
|
|
|
3,684,399 |
|
3,643,659 |
| Charity funds |
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|
|
|
|
|
Unrestricted funds |
|
15 |
|
3,684,399 |
|
3,643,659 |
| Total funds |
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|
|
3,684,399 |
|
3,643,659 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
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|
2023 |
2023 |
| Rental income |
|
15,648 |
15,648 |
| Dividends |
received |
33,489 |
33,489 |
| Interest received |
|
3,276 |
3,276 |
|
|
52,413 |
52,413 |
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|
Unrestricted |
Total |
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|
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 |
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Total |
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|
funds |
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|
|
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|
2023 |
|
|
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f. |
|
Other exceptional |
|
income |
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Unrestricted |
Total |
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|
funds |
funds |
|
|
|
|
|
2022 |
2022 |
|
Other exceptional |
|
income |
|
2,938 |
2,938 |
| 4. |
Investment |
management |
|
costs |
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|
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|
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 |
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Grants to |
Total |
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|
|
Institutions |
funds |
|
|
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|
2023 |
2023 |
|
|
|
|
|
f. |
f. |
|
Supporting |
Jewish Youth |
Organisations |
|
55,500 |
55,500 |
|
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|
|
|
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 |