Charity number: 303051 HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-16
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MAY 2024 Trustees Douglas Conn Simon Pollock Nicholas Sonenfield Avram Goldberg, Chair lappointed 1 June 20241 Charity registered number 303051 Principal office 70 Bridge Lane London NW11 OEJ Independent Examiner Edward Passmore FCA BKL Audit LLP 35 Ballards Lane London N3 1XW Bankers Metro Bank plc 1 Southampton Row London WC1 B SHA Page 1
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MAY 2024 The Trustees present their annual port together with the financial statements of the Charity for the 1 July 2023 10 31 May 2024. Objectives and activities a. Polieies and objectives The objectives of the charity 8s per its governing document are". To further the development and education of boys, young men, gids and young women through their leisure- lime 8ctivib.es so as lo help them achieve their physical, mental and spiritual potential so that they may grow to full maturity as individuals and members of society and their conditions of life may be improved. In setting objectives and planning for aclivib'es, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit." running 8 charity IPB21'. b. Activities undertaken to achieve objeetives The Club is an Affiliated Member Club of the Football Association and is a Jewish Footb8118nd Youth Club for Boys, Girls and Adults for all ages. The club's main aim is lo help people find their talent in football by engaging them in Sunday League matches with regu18r training. HMH is based on strong core values and its ethical treatment lo all players. There is regular training sessions for all ages As one of the UK'S leading Jewish Football Clubs and the only one to be affiliated to Maccabi GB with teams in the Maccabi Junior, Walford Friendly, Exeell and Macc8bi Southern Le8gues, the Club are a 2 Star FA Accredited Club working towards our 3rd star. The Club seeks to provide Mem[ShIp to Jewish children that wish lo play and encourages p8rtiClP8tion and gives equal treatment and coaching to p18yers of all skill levels. The club does not exclude from its membership those that cannot afford to contribute. The teams are run, primarily, by parents. Aehievements and performance Financial review a. Going coneem After making appropriate enquiries, the Trustees have 8 reasonable expectation that the Charity has adequate resources to eontinue in operational existence for the foreseeable futu. The net deficit in the period has arisen due to the change lo the year end dale lo bring the accounting year in line with the p18ying season. As a result, contributions received in June 2024 are not recognised in these financial statements. Further, since last year the club now reports on an accruals basis as a result of ils turnover exeeeding the relevant threshold. Therefore, these financial statements only reflect income and expenditure for the actual reporting period. Notwilhslanding this, the financial health of the club is robust based on the charity's current cash position and trading. For this ason, they continue to adopt the going eoneern basis in pparIng the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 2
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB TRUSTEES. REPORT {CONTINUED} FOR THE PERIOD ENDED 31 MAY 2024 b. Reserves policy At the year end the trust's reserves were £S2,85912023. £91,065). There was £11,67412023." £102,328) in the Irusl's bank account, all of which is held in unrestricted funds. These funds are held in order to meet any unforeseen expenditure. The Iruslees review the level of funds required on an annual basis when they set the level of donations due for the year. c. Review of the Year The club raises its income from its members by way of contributions and the resultant gift aid rec18ims that can be made. During the period ended 31 st May 2024, the club generated income of £174,83612023. £253,160) and incurred costs of £213,07212023. £225,658>, resulting in net Idefieilllsurplus of £138,206112023. £27,502>. Structure, govemance and management a. Constitution Highgate and Muswell Hill Jewish Youth Club is a registered charity, number 303051, and is conslituled under 8 Trust deed. b. Methods of appointment or election of Trustees New Iruslees are appointed by the b08rd of trustees, having regard to the skills, knowledge and experience needed for the effective administmtion of the club. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustèes, Report and the financi81 statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally AcpIed Accounting Practice). The law applicable lo charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial slalemenls, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departLJres disclosed and explained in the financial stalemenls., prepare the financial statements on the going concern basis unless it is in8ppropriate to pSume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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. Page 3
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB TRUSTEES. REPORT {CONTINUED} FOR THE PERIOD ENDED 31 MAY 2024 Approved by order of the members of the board of Trustees and signed on their behalf by". Simon Polloek Trustee Dale". 0410412025 Page 4
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 MAY 2024 Independent Examinerfs Report to the Trustees of Highgate and Muswell Hill Jewish Youth Club ('the Charity'l I report lo the charity Trustees on my examination of the accounts of the Charity for the period ended 31 May 2024. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 ACVI. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 Act", or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conceming the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regu18tions 2008 other than any requirement that the accounts give a 'true and f81¢ view which is not a matter considered as part of an independent examinab'on. 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. This report is made solèly to the Charity's Trustees, as a body, in aecordance with Part 4 of the Charities IAecounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Charity's Trustees those mallers l am required lo slate to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by18w, I do not accept or assume responsibility lo anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed.. Dated.. 0510412025 Edward Passmore FCA BKL Audit LLP 35 Ballards Land London N3 1XW Page 5
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MAY 2024 Unrestricted Total funds funds 2024 2024 {11 months) {11 months) Total funds 2023 Note Income from: Donations and legacies 174,836 174,836 253, 360 Total income 174,836 174,836 253, 160 Expenditure on: Charit8ble activities 213,072 213,072 225,658 Total expenditure 213.072 213,072 225,658 Net movement in funds 38,2361 38,2361 27.502 Reconeiliation of funds: Total funds brought forward Nel movement in funds 91.065 138.2361 91.065 138.2361 63,563 27,502 Total funds carried forward 52,829 52,829 91,065 The Statement of Financial Activities includes all gains and losses recognised in the period. The notes on pages 8 10 16 form part of these financial slatemenls. Page 6
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB BALANCE SHEET AS AT 31 MAY 2024 31 May 2024 30 June 2023 Note Current assets Debtors Cash al bank and in hand 45.959 11,715 4,695 102,328 57,674 107,023 Creditors.. amounts falling due within one year 14.845} (15,958) 10 Total net assets 52,829 91,065 Charity funds Unrestricted funds 11 52,829 91,065 Total funds 52,829 91,065 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Simon Pollock Trustee Dale.. 0410412025 The notes on pages 8 10 16 form part of these financial slalemenls. Page 7
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 General information Highgate and Muswell Hill Jewish Youth Club is a charity registered with the Charity Commission constituted under a Deed of Trust with charity number 303051. Accounting policies 2.1 Basis of preparation of financial ststements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 JanLJary 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Highgate and Muswell Hill Jewish Youth Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or Iransadion value unless otherwise slated in the relevant awounting policy. The previous financial statements were prepared on the receipts and payments basis and as such the prior year's nLJmbers have been restated to be on an accruals basis as the income exceeds the reIPtS and payments threshold. 2.2 Income All income is recognised once the Charity has entillemenl to the income, il is probable that the income will be received and the amoLJnt of income receivable can be measured reliably. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, Including support costs inVoed in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resoLJrces. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on direclly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Page 8
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 Accounting policies Icontinuedl 2.5 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.6 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the selllement can be eslimaled reliably. Liabilities are recognised at the amount that the Charity anlicipales il will pay lo sellle the debt or the amount il has reiVed as advanced payments for the goods or services it musl provide. Provisions are measured at the best estimate of the amounts required lo sellle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.7 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their selllemenl value with the exptIOn of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.8 Pensions The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity lo the fund in respect of the period. 2.9 Fund accounting General fvnds are unreslricled fvnds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Page 9
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 Income from donations and legacies Unrestricted Total funds funds 2024 2024 111 months) {11 months) Donations 174,836 174,836 Unrestricted funds 2023 Total funds 2023 Donations 253, 160 253, 160 Anatysis of expenditure on charitable activities Summary by fund type Unrestricted funds Total 2024 2024 111 monthsl {11 months) Developing young people 213,072 213,072 Unrestricted funds 2023 Tot81 2023 Developing young people 225.658 225.658 Page 10
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 Analysis of expenditure by activities Activities undertaken Support Total directly costs funds {11 months) 111 months) {11 months) Developing young people 198,944 14,128 213,072 Activities undertaken directly 2023 Support Gosts 2023 Total funds 2023 Developing young people 208,336 17,322 225,658 Analysis of dirgct costs Developing young Total people funds 111 months) {11 rnonthsl staff costs 37,304 49,660 93,327 8,141 6,442 428 3,642 37,304 49,660 93,327 8.141 6,442 428 3,642 Rent of pitches and 5-a-side courts Coaches and trainers Fees and fines lo leagues Kil Trophies Equipment 198,944 198,944 Page11
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 Analysis of expenditure by activities Icontinuedl Analysis of direct costs {continued} Developing young people 2023 Total funds 2023 Staff costs Rent of pitches and 5-a-side courts Coaches and trainers Fees and fines lo leagues Kit Trophies 40, 794 90,464 47,683 20,338 8, 785 272 40, 794 90,464 47.883 20,338 8, 785 272 208,336 208,336 Analysis of support costs Developing young Total people funds 2024 2024 111 months) {11 months) Insuran 4,453 5,021 1,203 531 4,453 5,021 1,203 531 Website hosting Managers & secretary's expenses Advertising Legal and professional fees Governance costs 520 2,400 520 2,400 14,128 14,128 Page 12
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 Analysis of expenditure by activities Icontinuedl Analysis of support costs Icontinuedl Developing young people 2023 Total funds 2023 Insuran Website hosting Miscellaneous expenses Managers and secretary's expenses Governance costs 993 4,825 1,666 7,438 2,400 993 4,825 1.866 7,438 2,400 17,322 17.322 Governance costs consists of £2,40012023.' £2,400) of Independent Examiners fees. Independent examiner's remuneration 2024 2023 Fees payable to the Charitys independent examiner for the preparation and independent examination of the Charitys annual accounts 2,400 2.400 staff costs 2024 2023 Wages and salaries Contribution lo defined contribution pension schemes 34,851 2.453 38.118 2,676 37,304 40, 794 The average number of persons employed by the Charity during the period was as follows.. 2024 No. 2023 No. Staff Page 13
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 staff costs {continued) No employee reiVed remuneration amounting lo more than £60,000 in either year. Key Management Personnel are deemed to be the Trustees, who are listed on the reference and adminislralive details page. There was no remuneration paid to these in either year. Trustees. remuneratlon and expenses During the period, no Trustees reiVed any remuneration or other benefits (2023- £NIL). During the period ended 31 May 2024, no Trustee expenses have been incurred (2023- £NIL). Debtors 31 May 2024 30 June 2023 Due within one year Gift Aid receivable 40,519 Prepayments and accrued income 4,695 45.959 4.895 10. Creditors: Amounts falling due within one year 31 May 2024 30 June 2023 Accruals and deferred income 15,958 Page 14
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 11. Statement of funds statement of funds - current period Balance at 1 July 2023 Balance at Income Expenditure 31 May 2024 Unrestricted funds General Funds 91.065 174,836 1213.072} 52,829 ststement of funds - prior period Balan at 30 June 2023 Balance al l July 2022 Income Expenditure Unrestricted funds General Funds 63,563 253, 760 (225,658) 91,065 Page 15
HIGHGATE AND MUSWELL HILL JEWISH YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MAY 2024 12. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 31 May 2024 Total funds 31 May 2024 Current assets Creditors due within one year 57,674 14,8451 57,674 14,8451 Total 52,829 52,829 Analysis of net assets between funds - prior period Unrestricted funds 30 Jung 2023 Total funds 30 June 2023 Current assets Creditors due within one year 107,023 {15,958J 107,023 (15,958) Total 91,065 91,065 13. Related party transactlons Donations from Iruslees tolalled £12,000. Page 16