**REGISTERED CHARITY NUMBER: 295361**
## **Report of the Trustees and**
**Financial Statements for the Year Ended 30 September 2022**
**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 2022**
|||**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 2022**
The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. 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 Regents 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 15 June 2023 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 2022.
## **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
15 June 2023
2
**The Jewish Children's Holiday Fund**
## **Statement of Financial Activities for the Year Ended 30 September 2022**
|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**|**2022**
**Unrestricted**
**fund**
**£**
**3,490**
**53,514**
**57,004**
**12,682**
**7,159**
**119,800**
**139,641**
**(287,168)**
**(369,805)**
**2,403,847**
**2,034,042**|2021
Total
funds
£
12,754
49,675|
|---|---|---|
|||62,429|
|||8,886
7,877
130,560|
|||147,323|
|||303,749|
|||218,855
2,184,992|
|||2,403,847|
The notes form part of these financial statements
3
**The Jewish Children's Holiday Fund**
## **Statement of Financial Position 30 September 2022**
|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**|**2022**
**Unrestricted**
**fund**
**£**
**1,992,782**
**47,170**
**(5,910)**
**41,260**
**2,034,042**
**2,034,042**
**2,034,042**
**2,034,042**|2021
Total
funds
£
2,018,748
389,179
(4,080)
385,099
2,403,847
2,403,847
2,403,847
2,403,847|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 June 2023 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 2022**
## **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.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||**2022**|2021|
||**£**|£|
|Dividends & interest|**53,514**|49,675|
continued...
5
**The Jewish Children's Holiday Fund**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2022**
## **3. RAISING FUNDS**
## **Investment management costs**
|**Investment management costs**|||
|---|---|---|
||**2022**|2021|
||**£**|£|
|Support costs|**12,682**|8,886|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
## **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
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
12,754
49,675|
|---|---|
||62,429|
||8,886
7,877
130,560|
||147,323|
||303,749|
||218,855
2,184,992|
||2,403,847|
continued...
6
**The Jewish Children's Holiday Fund**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2022**
**6. FIXED ASSET INVESTMENTS**
|**MARKET VALUE**
At 1 October 2021
Additions-Listed investments
Disposals-Listed investments
Revaluations-Listed investments
At 30 September 2022
**NET BOOK VALUE**
At 30 September 2022
At 30 September 2021|Listed
investments
£
**2,018,748**
**399,651**
**(156,984)**
**(268,633)**
**1,992,782**
**1,992,782**
2,018,748|
|---|---|
There were no investment assets outside the UK.
Cash deposit of £5,769 (2021: £326,837) 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 Japan, Far East & Emerging Markets International and Thematic Hedge Funds & Alternatives Structured Return
Cost or valuation at 30 September 2022 is represented by:
|Valuation in 2017
Valuation in 2018
Valuation in 2019
Valuation in 2020
Valuation in 2021
Valuation in 2022
Cost|**Listed**
**investments**
**£**
**33,185**
**(79,035)**
**(136,888)**
**(230,918)**
**(48,285)**
**(25,966)**
**2,480,689**
**1,992,782**|
|---|---|
continued...
7
**The Jewish Children's Holiday Fund**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2022**
## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other creditors
**8.**
**MOVEMENT IN FUNDS**
At
1.10.21
£
**Unrestricted funds**
General fund
**2,403,847**
**TOTAL FUNDS**
**2,403,847**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**57,004**
**(139,641)**
**TOTAL FUNDS**
**57,004**
**(139,641)**
**Comparatives for movement in funds**
At
1.10.20
£
**Unrestricted funds**
General fund
2,184,992
**TOTAL FUNDS**
2,184,992
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
62,429
(147,323)
**TOTAL FUNDS**
62,429
(147,323)||**2022**
**£**
**5,910**
Net
movement
in funds
£
**(369,805)**
**(369,805)**
Gains and
losses
£
**(287,168)**
**(287,168)**
Net
movement
in funds
£
218,855
218,855
Gains and
losses
£
303,749
303,749|2021
£
4,080
At
30.9.22
£
**2,034,042**
**2,034,042**
Movement
in funds
£
**(369,805)**
**(369,805)**
At
30.9.21
£
2,403,847
2,403,847
Movement
in funds
£
218,855
218,855|
|---|---|---|---|
|||||
|||||
|||||
|||||
continued...
8
**The Jewish Children's Holiday Fund**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2022**
## **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
1.10.20
£
2,184,992
2,184,992|Net
movement
in funds
£
(150,950)
(150,950)|At
30.9.22
£
2,034,042|
|---|---|---|---|
||||2,034,042|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|119,433|(286,964)|16,581|(150,950)|
|**TOTAL FUNDS**|119,433|(286,964)|16,581|(150,950)|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 September 2022.
9
**The Jewish Children's Holiday Fund**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2022**
|**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)/income**|2022
£
**3,490**
**53,514**
**57,004**
**119,800**
**2,160**
**503**
**616**
**3,750**
**12,682**
**19,711**
**130**
**139,641**
**(82,637)**
**(18,535)**
**(101,172)**|2021
£
12,754
49,675
62,429
130,560
2,160
453
713
4,446
8,886
16,658
105
147,323
(84,894)
213,274
128,380|
|---|---|---|
This page does not form part of the statutory financial statements
10
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## **Signature 1**
Signed by David Freedman using authentication code Y1ZGLkhaTT42S3N2 at IP address 84.95.83.134, on 2023/06/16 14:46:41 Z.
David Freedman's e-mail address is: DFreedman@lawstep.co.uk.