## **THE JACK GOLDHILL CHARITABLE TRUST**
**(DATED 17 JANUARY 1974)**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2020**
**REGISTERED CHARITY NO. 267018**
## **THE JACK GOLDHILL CHARITABLE TRUST**
## **TRUSTEES AND OFFICERS**
## TRUSTEES
Michael Louis Goldhill Jacqueline Sara Segal Daniel Abrahams
CHARITY REGISTRATION NUMBER
267018 (England and Wales)
PRINCIPAL OFFICE
c/o Memery Crystal Limited 165 Fleet Street London EC4A 2DY
BANKERS
Coutts & Co 440 Strand London WC2R 0QS
INDEPENDENT EXAMINER
Marc Green F.C.A. Tish Leibovitch 249 Cranbrook Road Ilford Essex IG1 4TG
**-** 1 **-**
**THE JACK GOLDHILL CHARITABLE TRUST (DATED 17 JANUARY 1974)**
## **TRUSTEES’ REPORT**
The Trustees submit their report for the year ended 31 December 2020.
OBJECTS OF THE CHARITY
The object of the Trust continues to be to make donations to general charitable causes which the Trustees consider worthy of support as instructed by the Trust Deed. The funds of the charity are all invested in investment properties.
## CONSTITUTION
The Trust was created by deed on the 17 January 1974 and is an unincorporated charity (Registered Charity No 267018).
The address of its principal office is:
Suite 1, 1[st] Floor 1, Duchess Street London W1W 6AN
## TRUSTEES AND OTHER RELEVANT PERSONS
The names of the Trustees and other relevant persons who have held office during the year are listed on page 1. Trustees are appointed by the continuing Trustees and, do not have any specific term of office.
## REVIEW OF ACTIVITIES
The result for the year is shown on page 6 and the position at the end of the year is shown on page 7. The market value of the investments on 31 December 2020 was as follows:
General Fund £1,365,000
This consists entirely of cash and an investment property.
## VALUATION OF INVESTMENTS
During the year to 5 April 1998 the Charity’s accounting policy for valuation of investment properties was changed so that these are now stated at market value rather than cost. This change was made in order to comply with Statement of Recommended Practice “Accounting by Charities” and its financial effects are shown in note 1 on page 9.
**-** 2 **-**
## **THE JACK GOLDHILL CHARITABLE TRUST**
## **TRUSTEES’ REPORT**
## CHAIRMAN’S REPORT
Expenditure for the year decreased from £138,456 to £101,423.
Income for the year decreased from £140,180 to £51,196.
INVESTMENTS
Market Value at 31 December 2020 £1,365,000
RISKS
The Trustees are fully aware of the need to assess the risks faced by the trust and to respond in such a way as to minimise those risks. In order to minimise risk there is constant consideration of all financial issues by the Trustees together with the charity’s financial advisors.
## RESERVES
The level of reserves held by the trust is reviewed regularly by the Trustees and is currently regarded as satisfactory.
On behalf of the Trust
M.L. GOLDHILL
J.S.SEGAL
D. ABRAHAMS
Dated: 1[st] May 2021
**-** 3 **-**
## **THE JACK GOLDHILL CHARITABLE TRUST**
## **TRUSTEES’ RESPONSIBILITIES IN THE PREPARATION OF FINANCIAL STATEMENTS**
The Trustees are required under the Charities Act 2011 to prepare financial statements for each financial year and which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements giving a true and fair view, the Trustees should follow best practice and:
- a. select suitable accounting policies and then apply them consistently;
- b. make judgements and estimates that are reasonable and prudent;
- c. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
- d. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with the requirements of the Charities (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
**-** 4 **-**
**INDEPENDENT EXAMINERS’ REPORT TO THE MEMBERS OF**
## **THE JACK GOLDHILL CHARITABLE TRUST**
I report on the accounts of the Trust for the year ended 31 December 2020, which are set out on pages 6 to 13, which have been prepared under the historical cost convention (as modified to include the revaluation of investments), and the accounting policies set on page 8.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act; follow 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 as set out in the statement below.
## **Independent examiner’s statement**
In connection with my 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 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
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.
Marc Green F.C.A. Tish Leibovitch 249 Cranbrook Road Ilford Essex IG1 4TG
Dated: 1[st] May 2021
**-** 5 **-**
## **THE JACK GOLDHILL CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2020**
|||**2020**|**2019**|
|---|---|---|---|
||**Notes:**|**£**|**£**|
|RESOURCES ARISING||||
|Net rental income|2|51,187|140,168|
|Bank and other interest receivable||9|12|
|||______|______|
|TOTAL INCOMING RESOURCES||51,196|140,180|
|RESOURCES EXPENDED||||
|Direct charitable expenditure:||||
|Grants|3|96,623|134,278|
|Other expenditure:||||
|Management and administration of the charity|4|4,800|4,178|
|||______|______|
|TOTAL RESOURCES EXPENDED||(101,423)|(138,456)|
|NET INCOMING / (OUTGOING) RESOURCES||(50,227)|1,724|
|FOR THE YEAR||||
|OTHER RECOGNISED GAINS AND LOSSES||||
|(Losses)/gains on investments||||
|Realised (loss)/gain||-|-|
|Unrealised (loss)/gain|1|465,000|-|
|||______|______|
|NET MOVEMENT IN FUNDS||414,773|1,724|
|FUNDS BROUGHT FORWARD 1 JANUARY||943,380|941,656|
|2020||||
|FUNDS CARRIED FORWARD 31 DECEMBER|5|1,358,153|943,380|
|2020||||
|||=======|=======|
All funds are unrestricted.
**-** 6 **-**
## **THE JACK GOLDHILL CHARITABLE TRUST**
## **Balance sheet for the year ended 31 December 2020**
|**2020**
**Notes:**
**£**
FIXED ASSETS
Investments at market value
1
1,365,000
_______
CURRENT ASSETS
Debtors and prepayments
27,932
Cash at bank
42,795
_ _
70,727
CREDITORS
Amounts falling due within one year
(77,574)
NET CURRENT (LIABILITIES) ASSETS
_(6,847)
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,358,153
=======
=
FUNDS
Unrestricted funds
5
1,358,153
=======
=|**2019**
**£**
900,000
_______
47,111
62,001
______
109,112
(65,732)|
|---|---|
||_43,380
943,380
======
943,380
======|
## Approved by the Trustees
Dated: 1[st] May 2021
M.L. GOLDHILL
J.S. SEGAL
## D. ABRAHAMS
**-** 7 **-**
## **THE JACK GOLDHILL CHARITABLE TRUST**
## **Accounting policies for the year ended 31 December 2020**
## BASIS OF ACCOUNTING
The financial statements have been prepared under the historical cost convention modified to include the revaluation of investments in accordance with appropriate accounting standards.
## INCOME
Investment income is accounted for on the payment date for dividends, and for deposit interest on the date it is credited by the bankers.
Rental income is accounted for on a receivable basis.
## INVESTMENTS
Investment properties are stated in the balance sheet on an open market value basis.
Investments listed on a recognised stock exchange are stated in the balance sheet at mid-market value.
## EXPENDITURE
Expenditure is accounted for under the accruals concept.
**-** 8 **-**
**THE JACK GOLDHILL CHARITABLE TRUST**
## **Notes to the accounts for the year ended 31 December 2020**
|1.
INVESTMENTS AT MARKET VALUE
INVESTMENTPROPERTIES
244 & 266 Heathway, Dagenham }
55 Warwick Way, London, SW1 }
28 & 28a Coombe Road, Norbiton }
5 & 7 Old Church, Clevedon
Consort House, Burgess Hill
Balance bought forward at 1 January 2020
At market value
Additions at value
_Less:_carrying value of investments sold
Net unrealised investment (losses)/gains
Market value at 31 December 2020
Historical cost at 31 December 2020|**2020**
**2019**
**£**
**£**
285,000
285,000
180,000
900,000
195,000
420,000
_________
1,365,000
=========
_______
900,000
======
900,000
900,000
-
-
-
-
465,000
-
1,365,000
900,000
=======
======
480,000
480,000
======
======|
|---|---|
**-** 9 **-**
## **THE JACK GOLDHILL CHARITABLE TRUST**
## **Notes to the accounts for the year ended 31 December 2020**
## 2. NET RENTAL INCOME
|Gross rental income receivable
Less: expenses
Managing agent’s commission
Letting and lease renewal fees
Rent, rates and service charges
Insurance
Professional fees
Electricity
Repairs
Net rental income
|**2020**
**£**
91,158
6,100
18,208
13,364
309
-
734
756
______
39,971
51,187
======
|**2019**
**£**
158,231
6,900
720
9,837
-
312
294
-
______
18,063
140,168
======|
|---|---|---|
**-** 10 **-**
## **THE JACK GOLDHILL CHARITABLE TRUST**
## **Notes to the accounts for the year ended 31 December 2020**
|3.
GRANTS
Jewish Blind & Disabled
Opera Holland Park
Brasenose College Appeal Fund
World Jewish
Nightingale Hammerson
Kingston Liberal Synagogue
Royal Academy of Music
Place 2 Be
Marble Arch Synagogue
Jewish Care
Jewish Care
Great Ormond Street Hospital
AAGBI Foundation
Reading Real Estate Foundation
Aldenham Foundation
Community Security Trust
Sunday Children's Fund
AAGBI Foundation
United Synagogue
Norwood
Alzheimers Society
London Music Fund
Open Age
Radlett Synagogue
Swiss Cottage School
Burial Society of the United Synagogue
Western Marble Arch Synagogue
MacMillan Cancer
Alyth Synagogue
West London Synagogue
Gary Green Stonemason|£
500.00
1,500.00
5,000.00
120.00
10,000.00
1,109.25
1,000.00
10,000.00
3,251.00
10,000.00
5,000.00
3,000.00
5,000.00
5,000.00
6,382.80
10,000.00
500.00
3,935.27
810.00
7,500.00
500.00
300.00
250.00
995.00
500.00
119.00
250.00
100.00
1,381.00
2,120.00
500.00
96,623.32|
|---|---|
**-** 11 **-**
## **THE JACK GOLDHILL CHARITABLE TRUST**
## **Notes to the accounts for the year ended 31 December 2020**
|4.|EXPENDITURE||
|---|---|---|
||– MANAGEMENT AND ADMINISTRATION OF THE CHARITY||
|||**£**|
||Independent examination fee|4,800|
|||_____|
|||4,800|
|||=====|
||None of the Trustees of the charity received any remuneration or|out-of-pocket|
||expenses during the year for their services to the Charity.||
|5.|FUNDS||
||UNRESTRICTED FUNDS||
||Balance brought forward 1 January 2020|943,380|
||Revaluation of investment properties
|465,000|
||Net movement in funds during the year|(50,227)|
||Balance carried forward 31 December 2020|1,358,153|
|||=======|
## 6. COMMITMENTS
The trustees have authorised no grants to be made after 31 December 2020.
**-** 12 **-**