**THE JACK GOLDHILL CHARITABLE TRUST (DATED 17 JANUARY 1974)** ## **FINANCIAL STATEMENTS** **YEAR ENDED 31 DECEMBER 2021** **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 2021. ## 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: S c/o Memery Crystal Limited 165 Fleet Street London EC4A 2DY ## 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 2021 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 £101,423 to £99,957. Income for the year increased from £51,196 to £150,518. ## INVESTMENTS Market Value at 31 December 2021 £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: 9[th] May 2022 **-** 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 2021, 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: 9[th] May 2022 **-** 5 **-** **THE JACK GOLDHILL CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2021** |**Notes:**
RESOURCES ARISING
Net rental income
2
Bank and other interest receivable
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Direct charitable expenditure:
Grants
3
Other expenditure:
Management and administration of the
charity
4
TOTAL RESOURCES EXPENDED
NET INCOMING / (OUTGOING) RESOURCES
FOR THE YEAR
OTHER RECOGNISED GAINS AND LOSSES
(Losses)/gains on investments
Realised (loss)/gain
Unrealised (loss)/gain
1
NET MOVEMENT IN FUNDS
FUNDS BROUGHT FORWARD 1 JANUARY
2021
FUNDS CARRIED FORWARD 31 DECEMBER
2021
5|**2021**
**2020**
**£**
**£**
150,518
51,187
-
9
______
______
150,518
51,196
95,949
96,623
4,008
4,800
______
______
(99,957)
(101,423)
50,561
(50,227)
-
-
-
465,000
______
______
50,561
414,773
1,358,153
943,380
1,408,714
1,358,153
======
=
======
=| |---|---| All funds are unrestricted. **-** 6 **-** ## **THE JACK GOLDHILL CHARITABLE TRUST** ## **Balance sheet for the year ended 31 December 2021** |||**2021**|**2020**| |---|---|---|---| ||**Notes:**|**£**|**£**| |FIXED ASSETS|||| |Investments at market value|1|1,365,000
_______|1,365,000
_______| |CURRENT ASSETS|||| |Debtors and prepayments||63,117|27,932| |Cash at bank||59,848
_ _|42,795
______| |||122,965|70,727| |CREDITORS|||| |Amounts falling due within one year||(79,251
)|(77,574
)| |NET CURRENT ASSETS / (LIABILITIES)||_43,714|_(6,847
)| |TOTAL ASSETS LESS CURRENT||1,408,714|1,358,153| |LIABILITIES|||| |||======|======| |||=|=| |FUNDS|||| |Unrestricted funds|5|1,408,714|1,358,153| |||======|======| |||=|=| ## Approved by the Trustees Dated: 9[th] May 2022 M.L. GOLDHILL J.S. SEGAL ## D. ABRAHAMS **-** 7 **-** **THE JACK GOLDHILL CHARITABLE TRUST** ## **Accounting policies for the year ended 31 December 2021** ## 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 2021** |1.
INVESTMENTS AT MARKET VALUE
**2021**
**£**
INVESTMENTPROPERTIES
244 & 266 Heathway, Dagenham }
55 Warwick Way, London, SW1 }
285,000
28 & 28a Coombe Road, Norbiton }
5 & 7 Old Church, Clevedon
Consort House, Burgess Hill
195,000
900,000
_________
1,365,000
=======
==
Balance bought forward at 1 January 2021
At market value
1,365,000
Additions at value
-
_Less:_carrying value of investments sold
-
Net unrealised investment gains
____
-
Market value at 31 December 2021
1,365,000
=======
Historical cost at 31 December 2021
480,000
======|**2020**
**£**
285,000
180,000
900,000
_______
1,365,000
======
900,000
-
-
465,00
0
1,365,000
=======
=
480,000
======| |---|---| **-** 9 **-** ## **THE JACK GOLDHILL CHARITABLE TRUST** ## **Notes to the accounts for the year ended 31 December 2021** ## 2. NET RENTAL INCOME |Gross rental income receivable

Less: expenses
Managing agent’s commission

Letting and lease renewal fees

Rent, rates and service charges

13,864
Insurance

Professional fees

Electricity
Repairs
756


39,971
Net rental income


======|**2021**
**£**
169,020
5,950
(491)
12,599
-
-
-
444
______
18,502

150,518
======|**2020**
**£**
91,158
6,100
18,208

309
-
734

______
51,187| |---|---|---| |||








| **-** 10 **-** ## **THE JACK GOLDHILL CHARITABLE TRUST** ## **Notes to the accounts for the year ended 31 December 2021** |3.
GRANTS

Gary Green Stonemason
2,261.91
Radlett Synagogue
Holocaust Education
Community Security Trust
Jewish Care
Prism The Gift Fund
Jewish Care
Community Security Trust
Marble Arch Synagogue
Royal Drawing School
Nightingale Hammerson
Royal Drawing School
Reading Real Estate Foundation
Wizo UK
Burial Society of the United Synagogue
Alyth Synagogue
Akiba School
London Music Fund
SS John & Elizabeth
Marble Arch Synagogue
One in Four London
Burial Society of the United Synagogue
Reading Real Estate Foundation
Community Security Trust
Karen Morris Memorial Trust
The Photographers Gallery
Nightingale Hammerson
Wizo UK
Friends of Royal Marsden Hospital
Clore Shalom School
Brasenose College
Norwood
Veterans with dogs
West London Synagogue
UK Infantile Spasms Trust
Mowbray Buildings Limited
Maccabi GB
Radlett Synagogue|£
1,450.00
500.00
5,000.00
10,000.00
5,000.00
5,000.00
5,000.00
3,251.00
1,000.00
7,500.00
5,000.00
2,500.00
500.00
83.00
918.00
2,000.00
1,000.00
100.00
200.00
520.00
119.00
2,500.00
5,000.00
2,332.00
1,500.00
5,000.00
200.00
500.00
3,000.00
5,000.00
2,000.00
200.00
2,120.00
250.00
500.00
5,450.00
1,494.00| |---|---| ||95,948.91| **-** 11 **-** ## **THE JACK GOLDHILL CHARITABLE TRUST** ## **Notes to the accounts for the year ended 31 December 2021** |4.|EXPENDITURE|| |---|---|---| ||– MANAGEMENT AND ADMINISTRATION OF THE CHARITY|| |||**£**| ||Independent examination fee|4,008
_____| |||4,008| |||=====| ||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 2021|1,358,153| ||Net movement in funds during the year|50,561| ||Balance carried forward 31 December 2021|1,408,714| |||=======| ## 6. COMMITMENTS The trustees have authorised no grants to be made after 31 December 2021. **-** 12 **-**