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
1
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:
1. 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
3. 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
2
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
3
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
4
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...
5
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|
|---|---|
6
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...
7
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)|
|---|---|---|---|
8
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.
9
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
10