2020-09-30-accounts - The Jewish Children's Holidays Fund

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REGISTERED CHARITY NUMBER: 295361

Report of the Trustees and

Financial Statements for the Year Ended 30 September 2020

for

The Jewish Children's Holiday Fund

Parker Cavendish Chartered Accountants 28 Church Road Stanmore Middlesex HA7 4XR

The Jewish Children's Holiday Fund

Contents of the Financial Statements for the Year Ended 30 September 2020

		Page
Report of the Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Statement of Financial Position		4
Notes to the Financial Statements	5	to	9
Detailed Statement of Financial Activities		10

The Jewish Children's Holiday Fund

Report of the Trustees for the Year Ended 30 September 2020

The trustees present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims The main object of the charity is to provide holidays for children in need.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 295361

Principal address Mr R Aarons c/o Brooks Green 342 Regentsd Park Road London N3 2LJ

Trustees Mrs J Kemble JP D Freedman Mrs T Hersh

Independent Examiner Parker Cavendish Chartered Accountants 28 Church Road Stanmore Middlesex HA7 4XR

FINANCIAL RESERVES

The trustees consider that the reserves are sufficient to meet the expected needs of the charity.

Approved by order of the board of trustees on 13 September 2021 and signed on its behalf by:

D Freedman - Trustee

Independent Examiner's Report to the Trustees of The Jewish Children's Holiday Fund

Independent examiner's report to the trustees of The Jewish Children's Holiday Fund

I report to the charity trustees on my examination of the accounts of The Jewish Children's Holiday Fund (the Trust) for the year ended 30 September 2020.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Raymond Rubenstein Parker Cavendish Chartered Accountants 28 Church Road Stanmore Middlesex HA7 4XR

13 September 2021

The Jewish Children's Holiday Fund

Statement of Financial Activities for the Year Ended 30 September 2020

Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Total EXPENDITURE ON Raising funds 3 Charitable activities Governance costs Grants to youth organisations for holidays Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2020 Unrestricted fund £ 3,128 64,313 67,441 7,256 6,947 77,192 91,395 (208,969) (232,923) 2,417,915 2,184,992	2019 Total funds £ 18,204 70,915 89,119 6,981 4,176 128,470 139,627 (92,341) (142,849) 2,560,764 2,417,915

The notes form part of these financial statements

The Jewish Children's Holiday Fund

Statement of Financial Position 30 September 2020

Notes FIXED ASSETS Investments 6 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS	2020 Unrestricted fund £ 2,067,033 121,799 (3,840) 117,959 2,184,992 2,184,992 2,184,992 2,184,992	2019 Total funds £ 2,297,950 121,885 (1,920) 119,965 2,417,915 2,417,915 2,417,915 2,417,915

The financial statements were approved by the Board of Trustees and authorised for issue on 13 September 2021 and were signed on its behalf by:

D Freedman - Trustee

The notes form part of these financial statements

The Jewish Children's Holiday Fund

Notes to the Financial Statements for the Year Ended 30 September 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirement of paragraph 33.7.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

The Jewish Children's Holiday Fund

Notes to the Financial Statements - continued for the Year Ended 30 September 2020

2. INVESTMENT INCOME

Dividends & interest 3. RAISING FUNDS Raising donations and legacies Support costs Investment management costs Support costs Aggregate amounts	2020 £ 64,313 2020 £ 1,926 2020 £ 5,330 7,256	2019 £ 70,915 2019 £ 1,481 2019 £ 5,500 6,981

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2020 nor for the year ended 30 September 2019.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds Charitable activities Governance costs Grants to youth organisations for holidays	Unrestricted fund £ 18,204 70,915 89,119 6,981 4,176 128,470

continued...

The Jewish Children's Holiday Fund

Notes to the Financial Statements - continued for the Year Ended 30 September 2020

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. FIXED ASSET INVESTMENTS MARKET VALUE At 1 October 2019 Additions-Listed investments Disposals-Listed investments Revaluations-Listed investments At 30 September 2020 NET BOOK VALUE At 30 September 2020 At 30 September 2019	Unrestricted fund £ 139,627 (92,341) (142,849) 2,560,764 2,417,915 Listed investments £ 2,297,950 85,306 (110,274) (205,949) 2,067,033 2,067,033 2,297,950

There were no investment assets outside the UK.

Cash deposit of £89,123 (2019: £56,808) were held as part of the investment portfolio which is included within cash at bank and in hand.

Material holdings over 5% of the portfolio value include: UK Fixed Interest

International Fixed Interest UK Equities North American Equities International and Thematic Hedge Funds & Alternatives Property Structured Return

continued...

The Jewish Children's Holiday Fund

Notes to the Financial Statements - continued for the Year Ended 30 September 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors 8. MOVEMENT IN FUNDS At 1.10.19 £ Unrestricted funds General fund 2,417,915 TOTAL FUNDS 2,417,915 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 67,441 (91,395) TOTAL FUNDS 67,441 (91,395) Comparatives for movement in funds At 1.10.18 £ Unrestricted funds General fund 2,560,764 TOTAL FUNDS 2,560,764 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 89,119 (139,627) TOTAL FUNDS 89,119 (139,627)		2020 £ 3,840 Net movement in funds £ (232,923) (232,923) Gains and losses £ (208,969) (208,969) Net movement in funds £ (142,849) (142,849) Gains and losses £ (92,341) (92,341)	2019 £ 1,920 At 30.9.20 £ 2,184,992 2,184,992 Movement in funds £ (232,923) (232,923) At 30.9.19 £ 2,417,915 2,417,915 Movement in funds £ (142,849) (142,849)

continued...

The Jewish Children's Holiday Fund

Notes to the Financial Statements - continued for the Year Ended 30 September 2020

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	At 1.10.18 £ 2,560,764 2,560,764	Net movement in funds £ (375,772) (375,772)	At 30.9.20 £ 2,184,992 2,184,992

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 156,560 156,560	Resources expended £ (231,022) (231,022)	Gains and Movement losses in funds £ £ (301,310) (375,772) (301,310) (375,772)

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2020.

The Jewish Children's Holiday Fund

Detailed Statement of Financial Activities for the Year Ended 30 September 2020

INCOME AND ENDOWMENTS Donations and legacies Donations & grants Investment income Dividends & interest Total incoming resources EXPENDITURE Charitable activities Grants to youth organisations for holidays Support costs Management Accountancy Insurance Postage, stationery & advertising Secretarial Investment portfolio management fees Finance Bank charges Total resources expended Net expenditure before gains and losses Realised recognised gains and losses Realised gains/losses on investments Net expenditure	2020 £ 3,128 64,313 67,441 77,192 1,920 403 1,926 4,544 5,330 14,123 80 91,395 (23,954) (3,020) (26,974)	2019 £ 18,204 70,915 89,119 128,470 1,920 454 1,241 1,894 5,500 11,009 148 139,627 (50,508) (1,089) (51,597)

This page does not form part of the statutory financial statements