The Djanogly Foundation Charity number.. 280500 TRUSTEES REPORT AND FINANCIAL STATEMENTS for the year ended 5 April 2024
The Djanogly Foundation TRUSTEES AND OFFICERS TRUSTEES Sir Harry Djanogly CBE M. S. Djanogly J.S. Djanogly J.K. Djanoglv Secretory A. Allanson REGISTERED CHARITY 280500 (England and Wales) ADDRESS 3 Angel Court St James London SWIY 6QF BANKERS HSBC PIC 90 Baker Street London SWIU 6AX INDEPENDENT EXAMINER Peter Duboff FCA Kingsbury House 468 Church Lane London NW9 8UA STOCKBROKERS Redmayne-Bentley LLP 9 Bond Court Leeds LS1 2JZ
The Djanogly Foundation TRUSTEES'REPORT Th* TriJsLees present their report iogether with the financial sl8lernp.nis DI the Chariiy lof the year ended 5 April 2024. Constltution & Oblecilve5 Tlig. Trustee5 hold the funds of the Charity on trust to pay or apply the wholp. therèof to or towtsrds or lor Ihe benefit ol or in luitherance of su£h charitèble purposes, Institutions or foundations in tho United Kingdom or e15ewhtrc, and in Such manlier and proportions as the Trustee5 m3y from time tu time in thcir absolute 3nd uncontrolled dlscretion determine Orsan553tlon TIIE Tru5tecs whD hiive scrved duririg the Year and Since the VEar end are set out oil page l. TIIE Buard ol Tru5tee5 have the power to appoint additional trustee5 at their discretion. Donation5 and 8rant maklng policy Tlio (lonation5 policy of the Trustee5 15 to spon50r devolopments in medicine, education. 50oioI welfare and the arts. Grznt5 will also be fnade to fund projeit5 tD relieve distress and to promote the wgllare ol the a8ed and ihe young. The chfirity Is particularly concerned with the funding of projects that are new and may require a nuniber of vear5 to e513b5isli. In such cases thl, granl m3king activity will bo reldted to the dcvelopment phases ol these project% Flnan¢i31 revlew and In¥e5tmeni pollcy Durine the ycar the Trust reccived dividend income and bank interest toialling 1134,54012023 163.7971 There are no restrictions ol the charity'5 Pt>wer to invest. The investment 5tr3tegy ol the ch21ity, taking into .IccounL income requirements, risk profile and mertium-term economic prospecls, 1£ to hnld fund.., In UK equitie5 selected by thc Trustees and on depDSit at bank. ReseNes po5icy The Trusiee5 will endeavour to dislribuie the net dividend and Interest income ol the Trust within 18 months of tho end of the accounting period in which the inctsme Is received Howevpr il the Trustees havt Idoniified a specific high value PlOjLiCt then funds may bv retainpd to finance rhi5. Risk management Iiive51monr5 are held primarily in UK and overseas equilies 5elecicd by the Tru5Lees bB5cd on the.r dssessmer)t ol thL' risk in tiprins ol capit81 and income the Trust is prepared 10 accept In orclcr to gericfdtc 5uflicieni capital 8rowth 3nd income tD 3chieve its objectives. The ai)nual report w85 approved by the trustees ol the charily on by.. 2Y.6Lk and signed on Il5 behalf Sir H rry Dja Tlustee C8E
The Djanogly Foundation TRUSTEES, REPORT TRUSTEES RESPONSIBILITIES The Trustees are required under the Charities Act 2011 to prepare the financial 5tatement5 for each financial year 3nd which give a true and fair view ol the Charity's financial activities during the year and of Its financial position at the end of th& ye3r. In preparing those finantial statements giving a true and lair view, the Trustees should follow the best practice and,. Select 5Ultable accounting policies and then apply them con515tently Make judgements and estimate5 that are reasonable and prudent Observe methods and principle5 01 the Charities SORP State weather applicable accountin8 Standard5 and 5tatement5 of recommended practice have been followed, subject to any departures disc105ed and explained in the financial st3temerits Prepare financial Statements on a going concern basis unless it 15 inappropriate to presume that the charity will continue in operation. The Trustees confirm that they have complied with the above requirernent5 in the preparing the financial 5t3tement5. 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 financial statement5 comply with the requirements of the Charities (Account5 and Reports) Regulations 2005 and provisions of the trust deed. They are also responsible lor 53loguarding the assots ol the Charity and hence for taking reasonable step5 for the prevention ond detection of fraud and other Irregularities.
The Djanogly Foundation INDEPENDENT EXAMINERS REPORT I repon on IIiK- fintincinl %l¢iiciiienls nl I'he Dj¢inogily Fi)Iincliiiinll for illl yLiif Ln(11 5 April ?0?4 ivlii&li Rt5PLLlivi' risP()nsit)ilitlL'S uf truslc'i'.% und i1iL' L'xyminLr Ail. iiiiJ siJlL wlieiher aiiy PdTIiLLilor niJllLfs Iluvi, LOlll¥ tu ni) liidL'pIDdtnt cxamlnLr'% %txtL•l7IL'nt PL'IL'r I IFC CharterL,d ,ILI()IinlAnt Diittr:
The Djanogly foundation STATTr;MENT OF FINANCIAL ACTIVITIES For the year ended Jf April 2024 Nores 2024 2023 INCOMING RESOURCES Investment income 134,540 63,797 Other income 516 32,594 TOTALINCOMING RESOURCES 135,056 96,931 RESOURCES EXPENDED Direcl Charitable expenditure.. Grantsldonation5 521,629 87,028 Ioecreasellincrease in committed grants 1410,6921 751,087 110,937 838,115 Governance c05t5 11,213 13,455 TOTAL RE50URCE5 EXPENDED 122,150 851,570 Net incomin81lout£(>ingl resource% before other recognised gains and losses Gains on disposal of investments 12,906 1754,6391 121,219 35,593 Net incomingloutgoin8 resources before revaluations 134,125 1719,0461 ProlitllLos51 on revaluation ol investment5 216,451 187,3071 NET INCREASEIIREDUCTIONI IN FUNOS Funds brou8ht forward at 6 April 2023 350,576 1806,3531 3,259,755 4,066, L08 Funds Carried forward at 5 April 2024 3,610,331 3,259,755
The Djanogly Foundation BALANCE SHEET For Ihe year ended 5 April 2024 2024 2023 FIXED ASSETS Invosiment ai market value 3,997,710 3,919,964 cur¢RENT ASSETS Amount due from GolEI Trust Sundry dcbtf)r Bank Bdlances 4,454 41,126 4,454 147,2L6 REDITOR5-. Amounts falllng due withln one year.. Grants payable wiihin one ye.ar 73.452 377,61rt loo Loans Ifom trustees Accruals L,SOO I,soo 75.052 340.114 NET CURRENT ASSETSIILIA8ILITIESI (70,5981 192,898 TOTAL A55ÉT5 IESS CURRENT LIABILITIES Granls Payable in more thèn one year 3.927,112 3.727,066 316,781 467,311 NET ASSET5 3,610.331 3.Z59,755 UNREsTRlED FUNDS 3,610,331 3.259,755 Thc ripie5 Dn PHue 8-11 form part ol these ac¢ount5 Approved by the Board ol Tr siees on IY./2Dz/4 and si8ned on irs behalf by SSf Harry h¥lrm6n ly
The Djanogly Foundation CASH FLOW STATEMENT For the year ended 5 April 2024 Notes 2024 2023 Cash loutllowl from operating activities 1709.5011 1325,9861 Return5 on Investment and seNlclng of flnance Interest received lrnvestment income 134,539 L34,539 63,797 63,797 Capltal expendliure and Ilnancial Investments P2yment5 to acquire fixed asset inve5tment5 188,289 350.000 41,191 256.302 Proceeds of disposal of fixed a55et investment 538.289 297,493 IDecreasel Ilncrease In cash In the year Net cash resources at 6 of April 2023 136.6721 35.304 41,126 5,822 2Net Cash re50vrce5 at 5 of April 2024 4.453 41,126
The Djanogly b oundation -4CCOIJNTING POLICIEI S For the year ended 5 April 2024 ACCOUNTING POLICIES 8ASIS OF PREPARATION The financial statements have been prepared under the historical cost convention with the excoption that investments ar8 stated at market value. The financial statements have been prepared in accordance with the Statement ol Recommended Practice "Accountin8 and Reporting by Charities" IFRS 1021 ellective I" January 2019 and with the Charities Act 2011. INCOMING RESOURCES All incominÉ resources are accounted for in the period in which the charity is entitled to receipt. FUND ACCOUNTING All ol the Trust's funds are unrestricted, being 3vzilable for use at the d15cretion of the Trustees in furtherance of the ceneral objectives ol the Trust. Designated funds are unrestTlCted lund5. Set aside at the discretion of the Trustees lor specific purpose5. RESOURCES EXPENDED Liabilities are recognised a5 resources expended a5 soon as there is a legal or contractual obllgation commitiing the Charity 10 the expense. All expenditure is accounted lor on an accruals basis and has been classified under headings that aggreÈate all costs related to the category. Donations payable are payments made to third partie5 in the furtherance ol the charitable objectives ol the trust and are charged in the year in which they are rnade. COSTS OF GENERATING FUNDS The Costs ol generating funds consist ol investment man3dement costs. Management and administration costs are those Incurred in connection with the management of the Trust's assets, organisational administration and CDrnpliance with constitutional and statutory requirements. CHARITABLE ACTIVITIES Costs ol charitable activities include donations made. GOVERNANCE COSTS Governance cost5 comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. These costs include costs related to the independent oxarnin3tion. FIXED ASSET INVESTMENTS Investments are stated at market value as at the balance sheet date. The statement of financial activities includes the net gains and1055e$ 3rising on revaluation and di5P05als throughout the year. UNREALISED GAINS AND LOSSE5 All gains and1055es are taken to the statement of financial activitie5 as they arise. Unreali5ed gains and lossos are calculated as the difference between the market value at the year end and opening market value lor purchase date
The l)janogly b oundation ¥OTE<.q F'OIIMING I)AR'P or TiIf, AC,C,OUNTS FOII TiIf, ITIAR EINDFD i April 2024 2 Donations Amount 24 Nov 2023 Anti Semitism 1,000 1,000 25,000 01 Aug 2023 17 Ocl 2023 Balanced Earth Blue While Future 31 Jan 2024 CST 2,000 04 Oct 2023 CTJC 500 12 May 2023 30 May 2023 03 Oct 2023 Framework Knitters Museum 250 Garsington Opera Israel Philharmonic Orchestra 453 4,000 2,000 12,500 1,600 10.000 12,000 22 Nov 2023 Jerusalem Foundation 13 Mar 2024 Jewish Care 14 Mar 2024 London Medical 16 Feb 2024 National Justice Museum 11 May 2023 20 Mar 2024 National Portrait Gallerv Norwood 5,000 2,100 9,000 3,000 500 14 Mar 2024 Royal Opera House Sanhedria Cerlleterv Sir John $03ne's Museum 12 Dec 2023 26 Sep 2023 04 Feb 2024 Teach2Teach 25 Apr 2023 03 Oct 2023 The Globe 1,000 4,000 12,000 The National Library of Israel The Wallace Collection 22 May 2023 01 Nov 2023 The Worshipful Company of Clock maker5 United Synagogue Woolf Institute 500 21 Feb 2024 2,000 12 May 2023 1,000 11 Apr2023 Univer51ty Of Nottingham 6,000 Total 118,403
Thc Djanogly Foundation NOTPI,s foRMING PART or TIIE ACCOUN'I'S FOR TIIP YEAR ENDFD 5 Api'il 2024 OFTHE GRANTS PAID 2024 2023 Comtmitted as at 5 April 2023 Committed and paid durinB the year 403,226 ioo,i)00 160,162 403,226 260,162 RECONCILIATION OF COMMITMENTS Commitrnents as at S April 2023 Commitments made during the year and not paid Commitments cancelled during the year Reduction due to foreign exchanEe Prior year commitrnents paid during tho year 800.925 310,000 961,087 (210,000) 17.4661 1403.2261 390,233 1260,1621 800,925 Commitments due wlthin one year Commitment5 due alter ono year 73,452 338,061 467,311 316,781 390,233 800,925 GOVERNANCE COSTS 2024 2023 Independent examiner's fee I,soo 1,500 Management fees 9,713 6,440 Other expenses 5,390 Bank charges 210 125 11,423 13,455 io