Community Security Trust Annual report and consolidatsd accounts 31 December 2021 Sccltsh Charity R¥Ji5ts2tkJn Ntythr SC0¢3812 Charity R6148tr8lknn Nwnber 1rA2391 {￿gI￿)d arnl Vvalesl Contents Reporfs Reference and administrative details Trustee's report Independent audilotrs report 23 Finandal statements Cc￿$￿1dated statement of financial aciivrties 27 BaLgnce sheets 28 COnS￿ldated statement of cash flows Prifi￿paI ￿oUnting p)Iich88 Notes lo the ￿OUnts 35 Community Security Trust Reference and admlnlstratlve Infomiation Prlnclpal office Shidd House Harmony Way London NW4 2BZ Charlty roglstratton nuM￿r 1042391 (England and Walgs) Scott16h Chaiity wistration numb8r SC043612 Indepond8ntAudltors Buzzacott LLP 130 Wood Street London EC2V 6DL Banke Royal Bank of Scotlartd 6243 Threadne&Jle Street don EC2R 8LA Sollcltor5 Bates Wells 1Q Queen Street PL4co LorKJon EC4R 1 BE Communily Security Trust 1 Trustee's report Yearto 31 D￿mber 2021 The TNslee presents its annual report together wih the audited ￿lUnts of Communi Securrty Trusl (referred to in this report as 'lhe chanty, or csr'} and its subsidiary Company CST Promotions Lbnited Ilogether the 'Group' cw 'consolid3ted'l for the year endgd 31 December 2021. C(xnp8ratNe infomatnn is provided for the nine-month period ended commencing 1 April 2020 and ended on 31 December 2020. CST is a registered charty in EngL2nd afid Wales, charity number 1042391, and in Sthland, ¢haTty number SC043612. The accounts have been prepared in accordarkce with the accounting policies Set Dut on pages 30 10 34 of the accounts and comply wrth tho Irusl deed, th9 Slalemenl of R￿0MMended PractKe." Accounting and Reporting by char￿e5 preparing their accounts in accordance wi(h the Financrdl Reporting Standard applicable in the UK and Republic of Ireland ISORP FRS 1021. Financial Repo￿ng Stsndard applicable in the UK and Republic of Ireland IFRS 1021. the Charities Act 2011, the Charf(ies and TNsl88 Investrnenl (Scotlandl Act 2005 and the Charities Accounts Iscollandl Regulations 2006 las amended). REFERENCE AND ADMINISTRATIVE DETAILS Referen￿ and administratNe details are shown on pag8 1 of th8 accounts. STRUCTURE, GOVERNANCE AND ￿NAGEMENT Th8 Trustee is a Corp￿te Trustee. Dkspensation has been granted by the Charity c￿￿MiSsion discbsing the name of the C¢NrM)rate Trustee and its dir&tsts within these accounts. The charity was established by a CharItab￿ tnjst deed on 21 November 1994 as amended by deeds of varial￿n on 12 Nov8mber 1996. 31 December 2002, 16 March 2012 and 12 March 2018 and 22 2020. 2.1. Trustse rKrultment andappolntment The power to appoint directors rests the current Trustee. The Trustee 8oard of directors may apprynl new directors at th￿r regular board meetings folbwing r￿0MmendatIOnS by the Remunerabon & NominatK)n Commrttee. The directors ularfy wewwhKh areas may r8quire guidance and supm. Appointmanls ara made so as lo enhance CST by supplementing the skill Sets of extsting directors through new appointments. 2.2. Inductlon and Trdlnlng In line wrth the Charity C¢)mmk*ston's reeommended besl practits, the charty will continue to updat8 its indudion Pr￿edU￿ for future appointments. Prospective new directors will bè invited to detailed briefings and meetings wfth the Chair of the Board of Oirectors, the Chiel Executive Officer (CEO). and key staff so as they fully undersland th8 history, aims and operations of CST. New directors will receive an induction pack including feeent Copies of the CST Annual Report and Annu81 Anlisemitic Incidents Communty Secuiity Trust 2 Trustse's report Year to 31 D￿ember 2021 STRLICTURE. GOVERNANCE AND MANAGEME￿￿ Icontinuedl 2.2. Inductlon and Tralnlng {¢ontlnuedl Report, three years of accounts, details of the oryanisation, a copy of the govgrning trust deed5, Trustee board and committee minutes. and a copy of the Charity Commission's Guidance on being a Twstee. and Publio Bgnefrf. Running a Chaiyty. Upon appointsment. new directors will sign a model trustee declaration slalement committing them lo gw8 th￿r lime and expertise. New directors may then be appointed to a committee(s) which assists in the govemance of various asp9cts of CST'S work. Existing directors are 8ncouraged by the CEO to attend trustee training events. 2.3. 8oafd commlttees During the year, 7 separate commrtlee5 SUPPOrted the Boardwf(h ts responsibililtes. Exh committee has specfficterms of refetence. UtKlerthese ter￿ Df reference, the Board has delegated certain authorities to these committ*s, and these all(M the committ*s to provide ady￿e, guidan￿ and expertise within their relevant areas of responsibility. Th8 membership of each commitiee is drawn from the Board and other supporters of CST. The Committees are.. Finan￿ & Investment, Audit & Risk. Fundrdi5ing, Operatigns, InvestrEnl, Remunerati￿ & Nominati?n, and Publ￿ Affairs & Media. 2A. Group companles C¢Jnmunty Security Trust wholty chvns the £11X) issued share capital CST Promotions Limtied, which carries out the charty's cOmM￿al operats"ons. PU8LIC BENEFIT The Trustee confirms that it has complied with its duty under the Charities Aet 2011 and the Charities and Trustee Investment Isccrtland) Act 2(X)5 to have due regard to the English Charity Commission's generydl guKlance on publrc frjenefrt. KEY STAFF The Tnjslee Board of Diwtors meets on a regular basis, to agree the 8lralegy and areas of ￿4Vty for CST, induding ¢￿S7derat￿jn of grants, irwestments, Teserves, risk management and the charity's perforynartce. The day-trpday 3drninislration of CST operthns is delegated to the CEO who Ès supported by the senior management team as delailed in Note 9. The remunerdtion of the CEO and staff eaming over £75,000 per annum is set by the Remuneration & N¢jninatl￿ c(Ynmrttee. The remunetatioM of other 5tsff is mainly delegated to the CEO. Remuneration agreed 15 based upon the market Tate foT the post, with prewous oxperience and lenglh of Sorv￿ also considored as relevant factors. The Trustee Board of Directors are not remunerated, nor do they receive any reitnbur5emenl of &xpenses. Community S8currty Trust 3 Trustee's report Year to 31 December 2021 OWECTIVES AND ACTIVITES During the year, CST focused upon its key objectNe of promoting good relations in the UK between the Jewish wmmunity and all other M￿berS of s￿￿ty. Thi5 was achieved by following the ctyects of the tharity.. To promte gocd r￿ relatixs btheen the Jewish communty and other members of S￿ety by working towards elinination of wism in the fomi of antisemrtism. To ￿lY#Ve the victirro of ra￿al or re1VJ￿US preiudKe and espeC￿lty anlisomi11sm who are in need or who have suffered hardship or di8tress. To promote ￿search into racism, antisemitism and extremism and to publish the sults of such re5earth and otherwiseto promote public education aboLrt racism, antisemitism ané extremism. To provide assistance to the Poliee within the community at large and the promotion of good citizenship and greater publK participab'on in the prevention of crime with partI￿￿8r refere￿ to.. The provts*Jn of s&uiity ass¢stan¢e to the Jv•Vi5h mmmunty; The maintenance of public order. safety and securtty,. The mitigation, secunty an(1 protection against antisemitism and terrorism,. The promotion of safety and the safeguarding of human life in the event of an emergency." and The combatting of racialty molivated crime. espetialty anliwnrtic crime. CST also prOm￿e$ and suppNts clher charitable puipo8es or institutions as tha Trustee may fr[￿ lime to time think fiL CST was not immune to the cons#Jerable of Cororthirus on wNJer British s0¢iety throughout 2020 and 2021. As wag the case with many Charit￿ and busi[￿SeS. CST had lo enad swJnrficanl changes to working pattems and practice5 of staff and volunteer5, including ensuring that work areas were complk?nl and Covid-safe for the small number of operational staff who needed to work from offices, and that staff had the means, support and floxibility nècessary to w￿k fr¢)m home. CST also used the Government's Job Relention Scheme Iyurtough'l attimes. and whereapproprTate. for st8ff xross the chanty as detailed in Note 4 to the ￿COunts. ACHIEVEMETrtrs AND ACTIVITIES 6.1. Antisemitic Incidents- Reportlng and Analysis CST is widely recogn￿ed as the UKS bading authorty on antrsemilic incidents li.e. hale crimes against Jews). These incidents include Teports received di￿tty from memb8rs of the public and also those shared by vark)us Poli￿ forcos. Community Securty Trust 4 Tru5t8e's report Year to 31 December 2021 ACHIEVEMENTS AND AcllwTIES Iconttnuedl 6.1. Antlsemltlc Incldonts: Reportlng and Anatysls 1contlnu￿l CST publishes detailed annual studies of antisemi￿ in¢*Jents, for use wrth Govommenl, Police forces. cNil Servants, medka and Ot￿$. In 2021 CST recorded a record lolal of AntIsem￿C Incidents. The prinapal drivirNJ f*Xor for this was the ext￿Me spike in ant18emitic reactions in the UK duè to the es¢atatKJn of the conflict betsveen Israol and Hamas in May 2021: exacerbating already sustained high levels of antIseMrt￿ incidents over several years. CST also publishes reports on speUr￿ asp￿ts of antisemilism. All such publtcations are pUbl￿1Y availab￿ on csfs website and $￿Val medkg ￿atform5. 6.2. Working WFth the Gov8rnm8n( Clvil Sar¥ants and Pollce The official UK terror Ihieat fluctuated bets¥een 'subslantial' Im8aning an att￿k is 'likety°) and'severe. (meaning an attack is'highty likeV} throughout 2021. CST is keenly aware of the importance of antisemitism within many terrorisl groups, ideologies, and this is Central lo all CSTS work and relat￿shipS, induding the support and partnership rewved from Governm￿t and Police. CST is regarded by leading politrciansand the Police as a unique example of best practice in the charity's key areas of hate crime-. working wth Pglice, Govemment, polit￿lanS and the civil service., and cc¥nmunity ￿hes￿)n and counler-extremism initiatNes. CST is a key stakehokler for natitinal and bcal govemment and Police, regarding Jewish communal security issues and also IN)w this expertise can help b8nefit policy consultaiions, other minofity groups and swety a9 a whole. Most advisory interact￿nS with Cy)vemmenl ￿¢ur w¢th the Home Office, the Department lor Levelling Up, Housing and communit￿ IDLUHCI. and the Department fgr Education IDfEI. In particuL4r, CST works ck)sety with the Home Office Hale Crimè Unil", th8 Homeland Secufity-Ana￿S1s and Insvjht Unit, tIE ResearGh, Infomialion and Communi¢ation8 Unit, Prevent, other units across the Homeland Security Gn)up'. and appropriate Ministers and Ministerial teams &ross Govemment CST works with the independent CommisS￿)n for Counlering Extremism. which advises the Home Office. dNerse communibes and Govemment. CST also Wofks wf(h Independent Government Advisers on issues pertinant to anlisem((ism. extfemism, c(¥nmunity cohesion and cc4nmunal wurity. This includes the Government's Independent Adviw on Antisemitism, Lord Mann and the UK Sp￿la1 Envoy on post- Hokxausl issues, P￿k￿. Community Security Trust 5 Trustee'$ rgport Year to 31 t)ecember 2021 ACH1EVEMETr￿s AND ACTIVITIES {continu8<11 6.2. Worklng the Govèmmeni CMI SeNants and Pollcè (Contlnu￿j CST has been a key represenlatNe on the G0veM￿nt tsskforcg on combatting anlisemilism, known as the Cross Government Working Group on Anlisemitism, hosted by DLUHC but on hkitus throLTrghout the pandemK. This is the central mechanism by which the GovemmenL ciMI seryants, the Pollce and ¢)thers work wtth the Jowish communty to feduce antisemitism and its haffl￿. In these meetings, CST provides the statistical evidence and summaiie5 of ¢crfnmunal perception. The taskforce also serves as a template for Govemmenl and CMI servant interaction wrth other groups and minorities." CST is b¢)th the key oxpgrt and wincipal stskeholder in Jewish communal relations with govemment on matters of security, antisemitism and exiremism. CST provides insights, update$ and detailed reSea￿h briefings xross governmonL Thor9 is engagement wi(h parliamentsry commsttees {including presenting wrlten and oral evidence) and relevant All Paty Partiamentary Groups. CST briefs MPS from all parties and works directly with MPS of all bathgfoundswho are facing threats from racisls and extrgmists. All oflhis wotk undwkken throughout the year, bui it intensifies at times of high tension and need, such as when there are spikes of anlisemrtk8m in the UK or when temrist attacks occur. CST was the lead Jew¢sh communal pattrerfor the Nnwrtanl MHCLGI Home Office Hale Crime Aclion Plan 2018-2020. which U￿ated the national 2016 Hate Crime ACt￿n Plan, CST is assish'ng with the devebpment of the nexi Hate Crin)e strategy. csfs role was acknowledged in the Action PLgn. fftting￿ alongside that of Tell MAMA. the Muslim anti- halecrime group that CSThelped eslabligh and devebp and is now regarded as an eXp￿t in its own right. The report stated.. 'We deep￿ value the work of communrty4jas￿ organisatwjns such as the Cornmunty Security Trust, Tell MAMA and others ￿rOSS all strands of hate crim&. Through their expert W￿k, we remain alNe to the concems of communities and able to resptsnd effectDJely. Their work is invaluable to the pYryJress we m*& under tha k8y tham8s ofthe Hale Crim8 Acti￿ Plan, and in ensuring thal this progress is a￿tsyS rooted in c¢Jnmunilies.' The ACt￿n PLgn was the basis for the Office's Places of Worship Security grant scheme: which CST helped advise upon. although this not available to Jewi8h communal k)cabons {wh￿h have a separate Govemment grant Manag￿ by CST). Community S8CUrity Trust 6 Trustee's report Year to 31 Decemb￿ 2021 ACHIEVEMENTS AND AcMvmES (continued) 6.2. Worklng wlth the Government, Civil Servants and Police leontlnuedl Two CST staff members stt on th8 Home Office"" Faith Securty Training Working Group, which starteé meeting in 2021 to advise th8 Homa OffKe on the development of faith spectfic security training. CST works with local govemment: mayors and Poli￿ and crime commissioners, esp¥ialty the Greater M?￿hester P¢Ji¢e and Crime Commission IGMPCCI and the London Mayorfs OffKe for Pol￿n9 and Crime (MOPACI. which baar rfjsponsibilily for Britain's largest Jewish communitiE8. CST also regulady meets with ILThI authority community cohesk?n coordinalors. CST-Pdice inleraclions vary depending on the secuiity op￿￿10n. threat levets. raports of crimes, investigalions and exchanges of infomiatr)n on antisomfcism or other crimes. This occurs at varying levels of polKing, from Ictal slalions to nation81 oversight. In 2023 CST information to PolicE covered many issues, ranging from leTrorism lo theft. CST is a leading part￿1pant in various advisoKy groLEPS Xf05s national and Ioc81 policing. CST reports antisemites and extremists. including potential terrorists, to Pol￿. In 2W21, CST reported over 30 antisemitic and themist nehvorks or illdNiduals to counter terrorism Police, thereby helping to protect both the Je￿$h communty and the wder public. Police and Government have asked for CST5 conth"nuing assistan￿ in advising other faith communittes on coun18r-terror security. Requests, and CST'S fuffilment of them, rose afterthe mass casuafty lerroraitacks wJains1 Muslim communities in New Zealand (March 2D191 and against ChrÈstian ccffimunities in Sri Lanka (April 2019). This led lo CST establishing th8 successful SAFE ISecurityAdvice For Everyone) programmo, as detailed below in Section 6.5. CST and Maccabi GB (a sports and youth ￿dership charity} iointly run Streetsvise. peisonal development and wel￿1ng pro1￿t for Jew15h youth. str￿t￿lse also runs a project called Stsnd Upl which delivers antkdiscrimination educatton, especially on anlisernilism and antFMuslim hate, to chihdren of all b8ekgrounds in sehools of all types. CST helped obtain £160,000 of govemment SUPFM)rt for Stand Upl The fvnding began in November 2016 and continued until Aprrl 2019. after which dats allemale sources of fijnding have been obtained to fvnd and grow the project. C(xnmunrty S8curty Tw81 7 Trustse's report Year 19 31 t)￿mber 2021 ACHIVrfEMEKfs AND ACTivrriES (continued) 6.3. Admlnistration. Management and Di5trtbution of the Jvwish Communlty Protective Securlty Granl and 0th8r Security Asslstance In her address to the CST Annual Dinner in Ma￿h 2016, the then Home Secretary, Theresa May MP, announced that, in the fiscal year 2016-17, the Govemment would provide £13.4 million of fS and protective vests. CST ensured that the Govemmenys £14 million Jewish Communty ProtectNe Security Grant for the protection of Jwish schools and other Ictalionswas managed lothe highest standard, as overseen and agreed by the H¢xne Offw. One of the single most important deVelop￿ftts in CSTS resources was the continued growth in the numberof Jewish sites a¢ro55 the UK wth direct links lo CST'S 2417 Nat¢onal Securty Conlrd Centre INSCCI: and the further development of the NSCC'S technical capabilities. csrs National Security Control Centre was manned 2411 througholtt the pandemic, following the earty insts1￿40n of imwovgj Heaf(h and Safety measures, including better air circulation. The NSCC has also a resoufce often used by Police for￿ across the UK for assistance with generydl crime. with several wuests per month for support reeeNed. csrs understanding of anlisemitism. including thls of antwMil￿ hale crimes, continues lo bethe key referen￿ pointfor PdKe, Govemmenl. responsible media outlets as well as Jewish community ￿derS and repTesen¢ative groups. 8. PRIMARY FACTOR AFFECTING CST: THE THREAT OF TERRORISM All of society is at Ihr8al frcAm ext￿Me Jihadisl and extreme right-wing terrorism. The Jewish communty.. however. remains amongst the priwnary KIe0￿)gKaJ and physical targets for such extremists, includiThJ proscribed ter￿st groups including, but not limited to: National Action: subsequent proscribed XRW groups, ISIS, al-Qaeda. Hizbollah 2nd those indNiduals or small groups who are inspired to act in support of them. Community Secuity Trust 14 Trustee'5 report Year to 31 December 2021 8. PRIMARY FACTOR AFFECTING CST: THE THREAT OF TERRORISM {continuodl CSTS discussions with the Pol￿ and Govemmenl ￿ave the charity in no doubt that the overall current threat will petsist for the foreseeablè futu￿. CST'S provision of security must therefore be prothe and widespread throughoui Brit18h Jewish communities and relies upon their Continued support for the charity. SIGNIFICA Trir EVEpifs THAT COULD AFFECT THE FINANCIAL PERFORMANCE OF THE CHARI Polefttialty 3ignrficant events that affect the financral perforynance of CST are not significanly drfferent lo those tscing any tharrty, such as a reputational or fu￿lOnal failure on Ihe part of the charity ￿ a material change in the circumsta￿e of CST donors. CST manages the Govemment's £14 million Jewish Communty Protective s￿Urity Grant. which is renewed on an annual basig. If the JCPSG were t)ot to be renewed by the Govemment, CST would not be abk lo fijnd a compoFabk ￿herne. In December 2020 CST cancel￿￿ its Annual Dinner, seheduled for March 2021. This decision was due to increasing concem5 regarding Coronavirus and in order to comply with Govemment k￿kdOwn instnthns. Having alsocancelled the previous year's Annual Dinner for the same reasons, CSTS Trustee tcok the decision that the dinnar not go ahead, regardks5 of whether the lod(down was still in place at the time, as rt wished lo prioritlS8 the safety of attendees atK)ve tha svJnfficant d8cline in donations that would ensue from the cancellat*)n. 11 was clear Ihal not On￿ the Annud Oinner, bul Ihe enlire yeaffs schedule of fundraising evants was polentialty subject to ￿nCelIatiOn. This would have severe ¢onsequènces for the charity's income unless an artemative and equalty effectNe meth(Kl of fundraising could be identifial. Towards the end of 2020, CSTS le￿ership had researehed alEemalive fundraising methods and ehosè to hold an online crowdfunding event in 2021 a the time when the Dinner woukl have taken pLgce. 10. FUTURE PLANS The Trustee anticipates that acts of terrorism and antisemitism are unlikely to diminish in the foreseeable future. CSTS objectives are unlikely to change during this timè, and there 11 be no Signif￿ant alterations to CSTS strategy and overall Work priorities. The TNst* believes that the current levd of terrorism and antisemf(ism has in¢￿ased since the earfy 20(N)s, requiring CST to keep devel¢)ping its staffing levels, ils professionalism, ts volunteer base. and its prowsion of secunty equiprnent, FErsonnel, training and adwce. The UK Jv•¥ish ¢￿MUn.ty rightly makes nK>re demands of CSTS services than ever Wore, but this w]uires CST to meet those challenges, including increased fvnding for CSTS core b￿Age1 and provision of the Security Enhancement Pioject assistance to communty ￿Kat￿s. The Trustee wtll continue Seeking to expand C¢Jnmunrty S￿Urity Trust 15 Trnstee's report Year lo 31 December 2021 10. FUTURE PLANS I￿ntinU•d) CST'S donor base. for example. through fundraising xtivit￿$ in partnership wf(h synagogue bcéies. Th8 Trustee wll also continue seeking lo increase tha development of staff and volunteers Ihrough training_ 11. FINANCIAL REVIEW 11.1 Results forlhe Year The Statement of Financial Athtties rg)0rts net increas8 in funds for the year endod 31 December 2021 of £3,269,85519 mnths ended 310ecember 2020 net increase in funds of£826,1571. Due to the Success offundraising xtsvib8s, pathularly with a crowdfunding event, the net income for the year bef￿e investment gains 8nd lossos, was £1,669,474 {9 months ended 31 December 2020". net expendrture of £533.758}. 11.2 Incomo The Statement of Financial ActNrties reports inrA)ming resC￿rC￿ during the year amounting lo £23:533,547 {9 months end&J 31 December 2020.. £11.313.954}, including £15,991,996 19 months ended 31 December 2C120'. £7,568,121) tsf Home Off￿e Grant funding. This is much higher than the annual grant, because a di%propDrtionate amount Of income forthe grant year 2020r21 was received in relation to activities performed in the first 3 months of 2021. CST also raised donations of £7,029,211 19 months ended 31 December 2020.. £2,959.637) to fund rts actwibes (se8 n(ts 2}. 11.3 Expendllure Total expenditure am(yJnted lo £21.889.073 (9 months ended 31 De￿mber 2020.. £11,847,712), i￿luding £15,990,260 of expendrture relating to the Homa Offte Gran119 rFL)nth5 ended 31 De￿rnber 2020.. £7.456.833). Exponditure on raising ftjnds in the yeartcrtalled £582,40819 mnths ended 31 December 2020.. £246,410). Charitable actiwties in promobry relations, combatting antisemf(ism and providing securiiy. including head offf￿e costs, was £5,316,405 19 months ended 31 December 2020". £4, 144,469). This area ofexpendrture CSTS continuing support for eKsting pro3fdmmes. 11.4 Reserves and reserves policy 11 is the policy of the TNstee that unreStr￿ted funds. i.e. free rwrvès, Wh￿tt hav8 not been designated a Spectr￿ use. shoukl be maintsined al a level equiva18nt to al least the next 12 months ant￿ipated unreslricled expendrture, with a targèt of achièving 18 months, this equates to a rar@e of £7,000,ODO to £10.500,000. The Trustee considers that reserves al this level will ensure Ihat: in the event of a sudden emergency and l or a significant drop in funding, it will be able to continue the charity's curtsnt actwities whilst onsideration r6 gNen toways in which *Jditional funds may be raised and costs reduced. Totsl funds and net 8ssels at the 31 t*cemt￿ 2021 amounted to £22,583.648 (al 31 December 2020: £19,293,793). Corrwnunty Security Trust 16 Trustse's report Year 10 31 D￿rnber 2021 11. FINANCIAL REWEW (continued) 11.4 Reserve5 and reserves policy {Gontinuedl Of these, total unrestricta funds were £22:316,699 {at 31 December 2020: £18,883,504) of whth £12,670,397 (31 December 2020: £11.446,2941 were designated for purposès as ¢Jetailed in Note 19 to the accounts. Free reserves, amounting lo the general funds, at the period*nd lotalkd £9,546,302131 [k￿rnber 2020. £7,437,210), which is in line wfth the reseNes policy as set out atove. At the year-erKI, total restriclgts fvnds were made up of non-govemmènt reslricled funds ol £133,925 131 December 2020: £299.0011 and restri￿ govemment fvnds £113,024 131 December 2020.. £111,289). 11.5 Investment policy and perfornianco The Trustee's aim is lo &hwe an investsnenl retum in excess of inflation over the long lem. Sufficient funds are retained in cash or readily 8ccessibl& investmonts to mggt curr8nl and an￿'Pated •xpenditur8 r8quiremenls. The Trustee's polw 15 that its bJnds shoukl be invested to produ￿ a balarTrce of both incom& and capital growth, investing in UK equities, cash deposits and property. The Trustee accepts a medium degree of risk, Details of CSTS fix8d asset investm&nls and revaluations are included in rh)te 14 ID the accounts. The Trustee targets an avery retum on listed investments of 30A- 5% over a three.t five-year period and, in l¥Jht of this. is satis￿d with Ihe perfomiance of the inveslmonl portfolK) in the petK¥J. 12. FUNDRAISING 12.1 Approach to fundraising CST seeks to raise an annual 8munl of money equiv3￿nI lo the ne&Js of the organisation'5 budget, with a I￿￿ Surplus to be ￿ded tts reseNes. Funds are rai%ed almost entirety from the UK'S Jewish communty Should a large pledge be received from a ne￿ donor. checks are made to ensurt that the donor is known lo CST or ts existing supporters befofft the donation can be a￿pIe￿. CST also seeks lo secure fvnding from ￿?CleS f￿M Ihe UK Jewish Communty. Methods of fundraisirtg in a nO￿pandeM￿ year indude dinners, lunches and mailing Campa￿nS, as well as direct approaches by Direct￿ of the Trustee and staff. CST also make5 applications for funding to selected charitable trusts who might be sympathetic lo our work. CST dces not cokl Call. In this financial year, the March Annual Dinner and other events planned for the first half of the year were can￿lIed due to Government restr￿lI0n$ and concerns for the hea￿h of our supporters. In their pla￿, a relalivety new Cr￿￿d￿1nd1n9 methodology was ￿lOpted for an event at the erKI of February. In parallel, a strong fLKUS on ir￿NIdUal approaches to kn￿n donors and charitable trusts was maintained. Communty Security Trust 17 Trustee's report Year to 31 D8cemb8r 2021 12. FUNDRAISING IcontEnuod) 12.1 Approach to fundralslng (continued) As the pandemic faded later in the year, a Business Lunth was organised and h8ld towards the end of November. 12.2 Work Tmth, and oversight of, any tommerclal partlcipatorslprofe551onal fundraisers CST does notwork with third p8ty fundrais8rs, otherthan using the professional services of unconnected parties on commèrcial temis in relation to online crowdfunding. 12.3 Fundralsing conformlng to rocognised stsndards CST is registered with the Fundrai￿ng Reguklor and 1$ in full compliance with thèir current Code of Fundraising PrdL*ice. 12.4 Fundraislng conforming tts rèe0grtis￿ standards CST has a documented wptaints pr¢xedure, and all staff have received appropriate training. CompLqinls are Icoged on an intem81 system and for the year ending 31 December 2021, CST has no G￿nplai[￿ lo its Fundraising Department or in relation lo our fundraising activr(￿. 12.S Protection of the puljllc. Includlng vulnerable people, from unreasonably Intruslve or persistentfundralslng approaGhes, and undue p￿SUre to donate Section 12.3 above contains Confim￿l￿)n of CST'S registration with thè Fundraising Regulator and Complian￿ with their current Code of Fundraising Practice. This includes CST avoiding intrusive behawouT. ufKlue inftuen¢e and re$￿tIng thè welkbeing of vulnerable persons. The majorrty ofour dormxs are known lo the charty. Maintaining gocKI reLqlions with donors and potential donors remains an important part of csfs strategy. 12.6 Fundraising perfomian Despite the inability to hold convenlK)nal in-person fvndraising events for much of the year. a similar level of Charitsb￿ inccrE to pre-pandemic years was achieved. This wo$ largely due to a strong I(￿$ on securing the support of our regular donors and a successful crrywdfunding event Not onty did the crowdfunding event raise mre money than woukl have been expect from the Annual Dinner that it replaced. but it attr¥ted ovèr 7.500 donations. more than four times the usual annual ffigure. AltTr)st 6,000 of these were frc*n new donors acros8 the entirè UK, showing Ihe broad-based $uppryi from the Jewish Communty for CST across the UK In July, CST prinled and distributed the annual advertising brochure that wcyjld normally have b8en publishe41 in lime for the Can￿1￿ Annual Dinner. The income from sales of adverts gener*d through Ihe trading subsidiary was over £200,000. Community Securty Trust 18 Trustoo's rgPQrt Year lo 31 D￿Mb￿r 2021 12. FUNDRAISING l¢ontlnuod) 12.7 Home Office Grant for Protecllve Security of the Jewish Community As of 1 April 2016. Govemment grants {from the DfE and Home OffKel were combined into a single Home Office grant for the Protectwe Securty of the Jewish Communty of £13.4 millp￿. This now stands at £14 million. with the grant peritid running up lo 31 March of each year. Due to ts'ming drflerences be￿en the grant year (to 31 Marchl and the financial year {to 31 December). grant income and expenditure slated wfthin the accounts may differ from the grdnt award. CST is the r£ripi8nt of 8 £14 million grant from the Home Office and. as an adminigtrator and fa¢ililalor. *s as the corKluit Providing funding from the Govemment to Jewish locations by means of suwrants. For the mosl ￿nI hvelve-mcx)Ih grant period. CST was granted £350,000 to ¢over the adminigtrabon of the grant. The grant money 15 disbursed in arrears to the Jewish communty to Cover wsts of Se￿ritY gUa￿Ing at hundreds of Jewsh schods IDfE approved). synagogues and other Home Off￿e approved communty sites. 13 RISK MANAGEMEP The Truste8 continues to assess the major risks to whKh the charity is exF)osed. The Trustee keeps under conlinual review the systems that are in place lo mrtKJale exposure lo rnajor rksks and makes SLKh changes as are ne￿Sary lo ensure the conlinu8d adequacy of such $ysl¢rns. Thtswork overseon by theAudfi and Risk Committee wh￿h supervises a comprehensNe Risk Register, prepa￿d for the ¢(￿M￿tea by csfs CEO and csfs Director of Operat￿)nS. The follthving are amongst the risk area5 Iden1ffi￿ within thg Risk Register.. loss of charitable status; conflict of Inte￿St for Ind￿idual Directors of the Corporate TTUStee', loss of Directors of th8 Ctyp¢xate Trustee ￿ key CST slaff", Ib81.' data prOt￿tIon., reputational d8mage- financial reporting failuie- heakh and safety compliance- empk)ym6nt law mpliance,. volLJnteer recruitinenl". slaff and volunleor training; securty provision failure", fundraising failure.. l.T. failure,. kJ5s of key buildings.. exceeding buLtget expenditu￿., poor funding investment., increase in debtors.. fraud.. cyÈer-attack and pandemic. The Trustee is satisfied that sufficient procedures are in place to identfy and manag8 key risks faced by the Chanty whrh are k￿1 under review. This is undertaken by the Audit arKI Risk C(¥nmittee and is revi84wJ by the Board. Four of the prirrAry risks klentifEd by CST a5 being amtmgsl the key risks during 2Tr21, and the controls and mrtuations in place ate: Rlsk 1: Inablllty to hold fundralslng evonts In person Details of risk.. This risk relates lo the organisalion's inabilty to hold any Iradilh)nal fundraising evenls {in person) th[t￿g￿ul the year {for reasons such as a pandemic or warl- This signrfieantly impacts the organisatKJn's abilty to fundraise. Community Security Trust 19 Trustee's report Year lo 31 December 2021 13.RISK MANAGEMEKf (contlnued eon Lols.. CST has a dedicaled fundrar6ing ccmmittee a￿1 fvndraising is a peman8nl agenda poinl for full meetings of the CST Board of Trustees. and in the regular me&ling8 held by the CST Chairman ¥￿th the CST Chief Executive and also with the CST Director of Fundraising. There is detsiw anatysis of dDnation pattems. so as shortfalls and changes in funding p￿b$e are KIent￿d and tackled. For example, in November 2020. the Board requested that the fundraising commrtteo and the Diwlor of Fundraising should undertake detail￿ research in how to best conduct online fundraising activf(ies, to be hekl in early 2021. due to the abwrR of phys￿al fundraising events during the continuing impact of the gkjbal Covid pandern￿. This was a tin)aty and succe68ful initiative that caused the charity lo sp)n￿thnt￿ expand its donor base and increased its abilty lo Communi￿le with both existing arKI potential dorK)rs. Rlsk 2: Breach of Data Protection laws lincludlng GDPRI De . This risk relates to the failure to comply with any arKI all fel2vanl UK or European data protection laws, inclLKling the Eu's General D*a Protection Regulations. Ke onlrols.. CST has introduced nurrErous data protection policies and communicated lo all staff, each dealing wrth a drfferenl aspect of tha r￿u1r8m8nls set out in new legisl*ion. A dear dats protection implementation pLqn was put into place to ensure compliance with the prinaples of Data ProtectKJn Act since befofft GDPR came into force. CSTS Operations and Ri8k Cc¥nmitt* pr￿e5 govem?nce and oversight on csfs data protection strategy devebpment and impkmenlalion. CST5 Dats Protection st￿tagY focuses on thefollowng key areas ofpolicy and pra¢i￿. Dats collection and procesSit￿", Data sharing., Intemal policies and practices Isuch as dealing with Data Subject Access Requests)., Inlemal data manwaement (data mapping, dats 51ordge, retention pol￿18$, data dektion),. Training for staff and volunteers., Security and integrity of data., Ma¥k8ting commtsnications and consenL CCTV network., and Data PrOt￿lI0n Impact Assessments IDPIAsl. All staff and senior volunteers hav& under9(￿e online dats protection andlor dats and information security training. tisk 3: Impact of a global pandemlc on staffing De ails of cisk.. A signrficant ¢xrtbreak of a serious heath coneem (such as a regionalty or nalionalty circulaling epidem￿ or global pandemic) affects a signthcanl number of staff, as a result of wKlespread Iransrnisston wrthin one of csfs offices. This Ih8n 182(Ss lo the closure of the bU1￿1ng, a lack of senior staff b￿ng able lo fulfil their functions, andlor a laGk of overall stsff number #b￿ to lulff I the functions of the o)7Jani%ation. controls". Risk assessments have been corrpleted for safe funCtI￿1ng of CST offi¢es during a global pandemic, with approprtate control measures having been adopted. CST'S COVID-19 Aclion and Resp￿Se Plans have been COMp￿ted, circulated and tested lin real- lrfe scenario). Pr(tedures ara in place for the rew)rting of any health and safety incidents, including RIODOR. Regular up¥Jates on global Palldem￿ developments, fisk assessments, control measures, acb.ons arKI responses are gNen to staff. tenants, CST Board and other relevant stakèholders (such as vÉsilor5 to CST buildings and volunteers). Remote Working eapabilty has been rolled out Ihroughout the organisalion and business continuity plans initiated for as long as Govemment adv￿ requires &xt8nsive homeworking. Regular Communty Secullty Trust 20 Trustge's rgport Year lo 31 Oecember 2021 13. RISK MANAGEMEKf Icontlnueqll reviews of th& control m8asuras, risk a8s8ssm8nts, home-working instructions, action and response plans are carried crtJL Rlsk 4- Cyberthacking Details of risk, A Cyber-attack against CSTS IT system, inspired by eithef Criminality or antisemitism and perpetrated by a hostile individual, organisation, or state actor. controls.. Profess￿nal inlemal CST IT Department priorilising csfs [￿n Cyber-securty measures, both physul and human. Repeal usage of extemal consultancy expertise and advrE. Regukr self4e5ting and external testing of CST IT systems and users. R8gular reporbng of such testing lo CST Audit and Risk Commiltee: including progress reports on any recommendatitsns Identifi￿ in previou$ testing. or advised by extemal con5ultanls. Regular ¢LYnpulsory training Modu￿ for all staff. induding e-training that shows indNidual staff performance and progress. The Truste8 continu8s lo r8vMv th8 risks lo ensure that the measur8S tak8n are prcoorb"onate with the rsk, which is broadty incr8asing, but notes that this is a con5tsnty changing srtuatir)n that depends upon both advances in physical IT source and user behaviour¥. Since the year end. two emergirKJ key risks to CST have been Identified. Meanwhile, the overall risk FK)sled by Risks 1 and 2 atM)ve are cOnsKIer￿ lo have reduced relative lo other risks. The kn further risks identffied. and mrtigat&￿9 in pL3ce are.. Rlsk 5: Inflationary preSsU￿- costs wlll increase. and charity income may not keep up with Inflation Detai18 of risk.. Costs incurrèd by the charity may rige, especial￿ in areas such a8 the cost of equipment and of buikling works for S￿urity Enhancement Pr￿ect8. The Government Grant is also not infialion-prwfed. and so is Id(ely cover an increasingty smaller proportion of guarding costs. Donat￿n$ could fall due to C05t4)f-living increases in an infflatfonary environment. controls" Management nK$nIt￿ cashfiow and creates budgets lo assess financial expenditure against targets. All experKiiture ts undertaken with a high level of approval involving wrfften authorisat¥)n procedurES, monthly management reporting and monitoring of eXpefidrtu￿. Rigk 6: Investment values may fall Details of risk.. In the current ecor￿mi¢ climate. the Charity can lose Capital an¢Yor income as th8 value of investments fall. Ke controls.. The Board IhTough a committee approves all investments against agre Criteria. Investments are made with approved irweslmenl rnanagers who inv8sl in a dniersified portfolio ofassets. Monthty reports from thè investment managery6 are scmlinised and Direet¢XS meet with investment man4ers reguLgdy. Communty Security Trust 21 Trustee's report Year lo 31 December 2021 14 TRUSTEE'S RESPONSIBILITIES STATEMENT The Trustee is responsible for preparing the Trustee's Report and the accounts in accordance with applicable law and United Kingdom A¢¢ounling Stsndards Iuniled Kingdom Generally Accepted Accounting Praclicel. The law applicable lo charities in England & Wales and Scotland requires the Trustee lo prepare accounts for each financial peiiod which give a true and fair view of the slate of affairs of the charty and the group of the incoming resources and application of resources of the group for that period. In preparing these accounts, the Trustee is required to.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in Accounting and Reporting by Charities". Statement 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.. make judgments and accounting eslimales that are reasonable and prudent.. slate whether applicable UK Accounting Standards have been followed. subject lo any material departures disclosed and explained in the accounts", prepare the accounts on the going concern basis unless il is inappropriate lo presume that the charity and the group W￿11 continue in operation. The Trustee is responsible for keeping proper accounting ￿e0rd5 that are sufficient lo show and explain the charity and the group's transactions and disclose with reasonable accuracy al any lime the financial posrtion of the charity and the group, and enable f( lo ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, the Charities and fruslee Investment (Scollandl Act 2005 and the Charities Accounts (Scollandl Regulations 2006 las amended) and the provisions gf the trust deed. The Trustee is 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. 15 AUDITOR Buzzacott LLP have exprèssed their willingnèss lo continue as the CST'S auditor. A resolution proposing that they are reappointed as auditors will be put to the Trustee. This report was approved by the Trustee on 14109122 and signed Dn their behalf by.. Community Security Trust 22 Indepondent report 31 December2021 Independent audttorfs report to th• Trustee of Communlty Securlty T￿￿1 Oplnlon We have audit￿ the &wunts ofcommunty Securrty {the'parent charity) and its subsidsary leollectively Teferred lo as Ihe'group'l for the year ended 31 D￿mber2D21 which comprise the group statement of finana81 athities. group and parent charty balance shoets, the Consolidat￿ statenEnt of cash flcws, the principal accounting policies and the notes lo the ac¢oun15. The financk81 reporting frameworf( that has been applied in their preparation 18 applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applKable in the UK 8nd Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion, fhe accounts.. + give a true ant1 fair vw of the st*e of the gri)up'$ and of the parent charity's affairs a8 at 31 December 2021 and of their inccffle and exponditure for tho period then ended,. have been prq)erty prepared in ￿nce with United lQngdom Generalty Accepted Accounling Practice,. and • have been prepared in accordan￿ wrth the requirements oftho Charf(ies Act 2011. Iht Charities and Trustee Investment {Scotland) Act 2N5 and wulation 8 of the Chaiities Accounts IScotLqnd} RegulatK)ns 20(￿ las arrEndedl. Basis for opinion We conducted our audf( in accordance with Intemational Standards on AudiiiTTrg IUKI IISAS IUKII and applicable law. Our responsbilrties under those standard$ are further described in the audilorfs responsibilthe5 for the audit of the accounts section of our report. We are independent of the group in acLX)tYJance with the ethical requirements that are relevant to our audrt of the accounts in the UK: including the FRC'S Elhvl Standard, and we have fU￿11[&d our other ethical respon￿bilitieS in accordance with these Nuiremenls. We beliwe that the audit evidence we have obtaIr￿ is SLrfficient and appropriate lo provido a basi8 for our opinion. oncluslons rvlatlng to golng ￿ncern In auditing the aceounl$, we have conduded that the Truslo9's use of the going coneem basts of aecountiThJ in the preparath)n ofthe accounts is appropriate. Based on the work we have porf0M￿d. we have not Klentified any materSal uncertainties relating to events or condrtions th8( 1ndtvidual￿ or cdlectNely, may cast significant doubl on the group arKI parent chanty's abilty to continue as a goiro concern for a period of al least ￿1ve months from when accounts are aulh0ri5ed fot issue. Our re$pon$ibiltses and the 18sponsibil￿e$ of the Trustee with respect lo going concèrn are descnbod in the relevant sectK)n5 of this reporL Cornmunity Securty TNSI 23 Ind&pondent audltorfs report 31 December 2021 Other Informallon The Trustee is responsible for th& other information. Th8 Oth8r infomialion compri8es the infomialion included in the annual report and accounts, other than the accounts and our audttorfs report Iheteon. Oui opinion on the accounts does not cover th& 0th8r information and we éo not express any form of assuranco condusion Ihereon. In conneCt￿rn with our audit of the accounts, our r&sponsbi ility is lo r8ad the other information and: in doing $0, consid&r whether the other infomialion is matèrially inconsislenl with the accounts or our krthiledge obtsined in the audf( or otherwise appears ID b8 materially isststed. If we rdentify such material inconsi%18ncKgs or apparent material missl*emenls, we are requirgd to detemiine whether the￿ is a materi81 misst8temenl in the accounts or a matertal misstalerrEnt of the other information. If, based on th6 work we have performed, we conclude that there is a material misstatement of thrs olh8r informalM)n, we are required lo report that f￿t. We have nothing to retth in this rggatd. Mattgrs on whlch we are requlred to report by exception We have nothing lo report in respect of the following matters in relation lo which the Charities Act 2011 requires us to report to you rf, in our opinK￿.. the infomalion given in the Trustee's annual report is ir￿OnSI81ent in any ma18fk31 spect with the accounts,. or • sL￿f￿Ent and proper a￿Unting [￿dS have not been kept by the group and the parent charity.. or + the group arKI parent charity accounts are ncrt in agre8m8nt wfth th8 accounting records and retums., or • we have not r￿ed all the infomwlK)n and explanations we require for our audit. Responslbllitles of the Tntstee As explained more fvlly in the Trustee's ￿SpOnsibl1111es Statement. the Trustee is iesponsible for the preparats.oll of the accounts and for being satisfi8d that thèy giv8 a true and fair viaw, and for such internal control as the Truslee detemine is n&￿Ssaryt0 enablè the preparation of accounts thal a￿ free from material mi5Stalernent. whether due lo fraud or error. In preparing the &counts. the Trustee Is responsRJle for assessing the group's and the parent charity's ability to conth.nue as a going cOr￿rn, disclosing. as applicable, matters related to g￿ng concem and using thè yoing concem basis of accounting unless the Trustee either intend to liquidate the group or th8 parent charty or to cease operations, or have no realist￿ atternatNe b(rt lo do so. Audito￿$ responsibilities for the audlt of tho accounts Our objecltves a￿ to obtain reasonab￿ assurants aboutwhelherthe accounts. a$ a whole. are free from mater￿1 misststement. whether due to fraud or error, and lo issue an auditor's r8POrt that indudes our (Vin￿n. Reasonable assurance is a high level of assurance bul is Ceq)Ynunty Security TTUSt 24 Independgnt audltorfs report 31 December 2021 Audito￿3 rosponslbllltlos forthe audit of the accounts {contlnu8dl not a guarantee that an audrft Conduct￿ in aCC￿anCe wl(h ISAS {UK) will a￿ayS detect a material misststement when it exists. Misstatements can arise frorn fraud or error and are cons￿or8d material if, individualty or in the aggregate, they eould reasonably be oxpacted lo influence the econom￿ de¢isions of usef5. taken on the basis of these accounts. Irregularities, including fraud. are instances of nOn-￿mplIan¢e wilh laws and regulations. We design prctedures in line witti our responsibilrties. outlined above, lo datect mal&rial misstalem8nts in respect of 1r￿ularl11es, including fraud. The extent to which our procedures are capable of detecting irregularibes. including fraud, ￿ detailed below.. How thg audit was c(vpsldered capable of detec(Ing lffagularltles Ineludlng fraud Our appfoach to identifying and assessing the risk$ of material misslalement in rospecl of irr8gularities, including fraud and non-compliance with laws and regulalions, was as follows.. The engagement partner ensured that the engagement team collectNety had the appropriate competence, capabilit￿$ and skills to identify or recognisg non-wnpfiancè with applicable Lqws and regulations., + We idenlrf￿l the laws and regulations appl￿ble lo the charity through discussions with management and Trustee arKI from our knowledge and experience of the charf(y sector., • We focused on $￿ifiC law$ and Trgulations wh￿h we considered may hav6 a direct matenal eff￿t on the ￿l￿nIS or the actwiiies of the group and the charity. These included bul were Mt limited to the Charities Act 2011.. Accounting and Reporting by Charities.. Stslement of Rec(Mmmended Pr¥ts"ce applicabk to cha11t￿S preparing their accounts in accorda￿ wf(h the Financial Reporting Standard applicable to the United Kingdom and Republ￿ of Ireland IFRS 102} leffectNe 1 January 20191. laxalion legislation and data protecty"on, anti-bribery, empknyment. and hearth and safety gislalion and Safeguarding R￿JulatIonS., and We assess the extent of corwlk1ncè wth kn and regulations identified above my fflaking enquiries of Manag&￿Ent and repr8senlatives of the Twstse and review of th8 minutes of Trustee meetings. We assess8d the susceptibilty of the group and the charity's 8ccounls lo material misslatemenl: induding how fraud mvJhl (￿ur by., Making enquiries of management and representatN8s of the Trustee as lo wher8 they nsidered there was SU￿pIlb11lty to fraLMI, their know￿dge of actual, suspected and alleged fraud, and • Considering the intemal controls in pl&e to mrtvJate risks of fraud and nonrward B 8,711,025 5.607.7Yd Ca¥h and ¢a¥h urvalgnts carried foTrvard B 9508018 8711025 Not88 to ts Btstomgnt of 11ry8 for the y•ar to 3108wnber 2021 A R•eoneillatlon of n•t movernorrt In funts to net cash Ilovfrom opgrn¥ng octfvltlgs Y••r Pedod ended 31 ed 31 Decthmber D￿tr￿er 2021 2020 Net Ineome las per the stalomtrnt of finandal activllles) AdJu5trnpnts for. Dep￿riat￿ll charge Gains on inveslments Diwdends, r￿($ aThJ interest invesknents Ilncreaseydecrsase in d8btors Decrease in credrtors N8t cash rovided 3,269,857 234,096 268,791 166,399 I1,6￿),381) 1729.8031 1191.0141 1152,g191 1274,3521 2,401,253 291,675 1181.226 actlvi1198 B Anatysls of changes in net debt 31 Ilovemenl Do¢emt*r in year 2021 January 2021 Cash at bank and in hand Short temi deposits Cash held by investment manager Total rash and ¢ash ulvalonts 4,820,1e6 3.034,469 856,390 8.711,025 3.788,514 12,494.1461 497.375 796,993 8,608,680 540,323 359 D15 9,508 018 The accounting policies and notes on pages 3010 46 fonn part ofthe8èfinanckg1 state￿Ents. Communrty s￿urity Trust 29 Prlnclpal accoUn￿ng policies 31 D￿ember 2021 Basls of preparatlon The xcounts have been prepared under the historic cost ￿nventIOn wilh items recognised at cost ortranSaCt￿n value unless otherwise stata in the relevant r￿e3 to these accounts. The financial statements have beon prepar8d in accordance with the Statement of Recommended Practice: Accounting and Repottny by Charities preparing their accounts in accordance with the Financial Reporb"ng Standard applrable in the UK and Republic of Ireland IFRS 1021 and Financial Reporting Standards applicabl8 in the United Kingdom and Republic of I￿land IFRS 102) and Charities Ac* 2011 and the Charilkes and Tnjstee Investment IScolLgnd} Act 2005 and the Charrti8s ACr￿unts (Scotlandl Fiegulations 2006 las amended). The acciyjnls are presetrted in slerfing for the year 8nd8d 31 D8c8mber 2021 and rounded lo the nearest pound, with comparative infwnation pr&sent8d for tha &month period &nded 31 December 2020. Communty Sttunty Trust ¢￿st￿Ule9 a public benefft entity as d&fined by FRS 102. Going eoneern asses￿￿ent Thé Trustee eonsidets that there is no material uncertainty abwt tho Charity's abilty lo continue as a going concem. Basis of consolbdation The consolidated ￿coUnts of th& Group incorporate the financk41 statements of the Charity and (ts subsidiary CST Promotions Lim((ed. Th8se have been consolidated on a line-by-lin@ basis. The statement of financial activrtie5 ￿p[￿SentS the consolidation of ￿￿[11&ble activrties of the Charty and its subsidBry. No separate statement of financial actsvrties has been presertsd for the Charity alone. Judgements in applying accounllng polklgs and key source5 of 8stimation uncgrtalnty Preparation of the financk31 statements require5 the Trustee arKJ management to make Significantjudge￿EnlS and estimates. The items in the finanual Stat￿}entS where thes8 judg8m8nts and estimates hav& b88n made include.. the assumptKins applied in detemiining the valuation of the investment propety and the mixed use property". eslimaling the usefvl eCOnc¥n￿ lrfe of tangible fixed assets for the purpo$as of delerTllining Ihe annual depreciation charge. Fund accounting General funds are unrestrKted funds whth are availab￿ for use al the discretk?n of the Trustee in furtherance of the general obpctives of the Charty and whth have not been desKJnated for other purposes. Community Security Trusl 30 Princlpal accountlng pollcles 31 December 2021 Fund accounting {continu8d) Designated funds cornprise unrestrictsd funds that have b9en set aside by the Trustee for particular purpos8s. The aim and use of each designaleA fund is Set out in the notes lo th8 financk81 slat8m&nts. Restrided lund$ arg fund$ whith are to be used in ac£ordance wi(h specific reslrKlions imposed by donors or wh￿h have been raised by the Charty for particular purposes. The costs of raising and administering such funds arecharged against the specrfic fund. The aim 8nd use of each reSt￿ed fund set out in the notss lo the financrdl slatemèntg. Investfflent inCL￿e, gains and losses are alkKated to th& appropriate fijnd. Income All income rd ￿¢ry￿nis￿j once ￿ Charity has entiuemont lo the irwrne, it is probablo that the income will be r￿￿ed and the amount of income iecewable can be measured reliably. Receipt of a 18gacy musl b8 r8cognised when f( is Probab￿ that rt will be receNed and th8 fair value of the amount receIv8b￿, whKh wll genwally be the expected cash amgunt lo be distributed to the Charty. can be reliabty Measu￿1. Income accounted on a I￿e1vable basis and compris6s donations, nel surplusgs from functions, and receipt5 under Grft Aid. Pledges are ￿untsd for when made le88 any provis￿￿ for pledges that are considered Irr￿0verab1e. Grdnls are accounted for once the Charty has entitlement to th8 income. Entitlemenl to Government grant in￿rne arises when correswrTrding eligible expendrfcure ecxnmitment is made. Deferred inc(Mne represents amounts received for future periods and is released lo income in the period for vthich rt has been re￿ved. Such income is only deferred when either the donor specrfies that the grant or tJonatKJn must only be used in a fuiure accounting per or has imposed r¥JndTtions wh￿h musl be met before the Charty has unconditional enliuement. Expendlture Expenditure is accounted fot on an accruals basis. Grdnts are included in the year they are awarded. Th8 Charty does not publish the name¥ of the (Yganutions to which il has made an award. The charge relating to the secuiity enhancoments project comprises the cost of ngw commitments approved and commun￿ted to the beneficiary organisation at the Balance Sheet date. Oulstsnding commttmenls are shown wi(hin creditors wilhin one year as these are payable on presentati)n of Invol￿ fov the cl￿t of works by the benef￿lary organisation. All donations are Charged in fijll to the Ir￿Me and expenditure aLYX)unts in the y8ar in which they are payab￿. Costs of raisino funds are those incurred in seeking v¢Yunlary contributions and do not include the costs of disseminating informatljn in support of the Charrtab￿ &tivities. Communty Security Tnjst 31 Prlnclpal accountlng pollclos 31 DKember 2021 Expenditure Icontinuedl Support Costs are those costs ir￿U[[8d diredy in suprxirt of 8xp8ndf(ure on the Dbjacts of the Charty. G¢vernants costs comprise the tr￿1$ of statutory compliance and wlatè exclusNely lo the auditorfs remun8ralion detaI￿d in note 9 of these accounts. T8minab"on paymnts are rttognls￿ a5 an expense in the StsteTHenl of Financial Aclivrties and Ikqbilty on the BalarK8 She81 immedwlety at th8 point the Charity is demonstrably committ8J lo promde temination benefiis as a ￿Ult of an offer made. Interest receivablg Interest on funds held on d8ky)sf( is includeAI when r8ceIvab￿ and the amount can be measured reliabty by the Charity", this k8 nomialty upon nOt￿￿10n of the interesl pa￿ or payable by the institution Imth whom the funds are deposi￿. Penstons Th8 PenS￿n costs charged in the accounts represent the contributions payable by the Charty to defined contribution schemes dLAring th6 y8ar. Th8 ￿nSIOn expense is allocated btheen funds in accordance wilh the wag&s alktstion. The Credit￿ is unrestricted. Tangible fixed assets and depreciation Freehold propety and improveThnts are inilially r8C(*3nis8d at cost. After recognition, und&r the revaluation m￿e1, freehokj prr4)ety and improvements whose fair valuo can be measured reliably shall be carrEd at a revalued amount. being their fair value al the dale of revaluation less any subs8qtJ&nt accumulated deprec&ation and subsequent accumulat8d imp8irmenl10sses. Revaluations a￿ mad8 with s￿ic￿nt regularity lo ensure that the carrying amount does not drffer materialty from that whjch would be deterTnined using fair value al the end of the reporting dat8. Fair values are determined from markel-based ewdence by appraisal that is normally undertaken by prOfess￿nal￿ q￿lIfied valuws. If Ih8r8 is no markel-based evidenc8 of fair value because ¢f the specialis&l nature of the tangib￿ fixed asset and it is rarely sold, except as part of a contn"buting busines5, a Charity may need to estimate fair value using an inc#)me 0¢ depreciat￿ replacement cost approach. Gains and losses on revaluaiion are twnised in the Statement of Financial Activitias, with a separate revaluation reserve being shown in the Stslement of funds not8. Al each reporting date the Charity assesses whether there is any indication ot impairment. If such indication exists, the [￿0verab￿ amount of the asset 13 determined to be the higher of tts fair value less costs to sell and its value in use. An impainnent loss is r8cognis8d where the carrying amount exceeds the recovèrable amount. Communty Securrty Trust 32 Prlnclpal accountlng poll¢le$ 310ecember 2021 Tanglbl8 flxe on investments, in the Statement of Fina￿181 Activf(￿. Invgstm8nt propertles Investm8nt properties musl be measurwJ inf(ralty at cost and subsequenyy at fair value al the reporting date. Fair value is consider￿1 to represent the property's open market Value al the reporbng d*e. Forelgn eurrnncles Monetary assets and liabilittes denominated in forevJn uJrrencw8 are translated into 81èding at rates of exchange ruling at th8 Balanc8 Sh881 dal8. Transactions in fOr8￿n currenci8s are transLateA into slerfing al the rate ruling on the dat8 of the transaction. ExchaThJe gains and k)ss8s are rwni5&d in the Statement of Firkancial A￿1V(ti￿S. Debtors Donations recwvable are recr>3nised at Iheif rKoverable amounL Prepayments are valued at the fair value of the future services to be Tendered. Accrued income valued al the fair value of consid8fatk)n r8ceNable. Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid inv8slmenls wrth a short maturity of three months or from tho dato of acquisition or otening of the deposit or sirnilar account. Short-temi deposlts Short term deposrts represent cash on deposit and eash ￿ul¥a￿nt$ Wrth a mturrty of less than one year held inveslment puwes. Community Security Trust 33 Prfncipal accounting policies 31 Decémber 2021 cr￿ltorS and provlslons Cr8drtors and provtsions are recognised where the Charity has a present obligation resulting from a past event that will probably result in th8 transf8r of funds lo a third paty and the amounts du8 lo settle the objtgal￿n can be measured or esb"mated reliably. Creditors and provis￿)nS are normalty recognised at their settlement amount after alkming for any trade discounts due. Flnanclal Instruments The Charity only has financial assets and financial l￿bIlItIeS of a kind that qualify as basic financial inslruments. Basic ffinanek81 inslruments are initwlty recognised al transaction value and subsequently measured al their setuementvalue wrth the exception of bank loans which are subsequently measured at amrtised cost usiw the effectNe interest rnelh￿. Lease commitmgnts Operating lease and rental oxts, where substantialty all the benefit and risks of own8rship remain with the knor, are chatgèj lo revenue expendrture over the18a8e temi. Cc4Ymunity Security Trust 34 Notes to the accounts 31 December 2021 1 Donatk)ns, legacles and glft ald Yearenthd 31 Dec¢rntrH 2021 9 months pnded 31 De￿rnber 2020 Tofal UnrBslrfcted Re8lrfrled rot81 nds funds funds funds Donatlons GiftAKI recovered iknftalh?￿ leg*ies fr indlvlduals & Irusts 8n¥)us Inler com1m￿l StarLd Up 361,J17 361,317 129275 129,275 4439A34 43W 2,690,362 10.0 2.6W.382 10.000 30,￿0 10D,WO 1aOty) 10. 30,000 100,(N)O VOIL￿teer aw*YJs Resewth Volunteertrairdw Iwht Confefenre fund CCTV T[L￿1 fund Tolal fuDd5 100 4100 so,000 1S0.000 1SO.ODO 22(460 7 021211 2.819,637 6 800 751 140,(K)0 2 959 2 Income from charllable actlvlties Yoar ended 31 9 wnlh5 ended 31 2021 2020 Restrictsd lundl 14991.896 7,568,121 3 Other trading income Year 9 nx)nlhs •nded 31 dad 31 Doc8mb&r t*entsr 2021 2020 Unre5ts1cted 206,083 302,590 4 Othor Incorne Yoar ended 31 0gc8mb&r 2021 9 mTrth5 ended 31 DecertÉr 2020 Urw•strl¢t•d fund• Re[￿al ir Invesknenl Coronavlru8 Jcl) R4e￿an Sr 140.344 10.670 60.243 251.257 97,821 330,687 483,6 Community Security Trust 35 Not88 to the accounts 31 Dècember 2021 5 Expenditure on fundvdising Yoar 9 months end&d 31 enaed 31 DecgmlJ•r December 2021 2020 UnrestrKled fthds Swp(*t ¢ost5 other costs Staff c￿ts 4615 226,598 341051 073,264 6.825 6,295 234.290 246,410 6 Analysls of expendlturg on charltable actMtIoS Summary by fijnd type g ￿￿)nthS endad 21 December2020 Total UNeslO.ctsd Reslrf¢18d Total fund$ funds Unr•stvlctsd R￿1￿ctsd frJnd¥ fund¥ I94￿ 391638 431WS 4,036289 106.180 4,144.469 GraDteyThYlure I6￿260 15990280 7.456,833 7.456 833 921869 18 36 666 4,038.289 7.585 013 11,601.302 7 Anaty5ts of expendtiure by acthiltles Ac￿vItIeS Grant ended 31 ndprtaken fvndlng of Support Docomber dlre¢tly acuvitlès 2Q21 curty 171464 1.242,941 4318,406 45COOO 14540,280 15 990 260 540 260 ￿$41 21306 665 All grants issued were madeto insttiutions and not indTwduals. No support costs have been includ&S wichin the total grants mad8 of£15,540,26019 monlh5 ended 31 December 2020 £7,119,333). 9 rrK)nt ed31 SuppLYt DecernLer costs 2020 Gr&)t fu￿1￿9 or ¥￿taken dkeclly secAJnty 3.463.127 337.500 7.119.333 3.800 627 7 119.333 681.342 4,144,4Sg 7 456,833 681.342 11.601,302 Community Security Trust 36 Notes to the a¢¢ounts 31 December 2021 7 Analysis of expendlture by activlties (continued) Analysis of support costs Year onded 31 Docombor 2021 Promote ra rqlatlon& combat an￿S￿rnIt1$M 4Trd provid• 80CUrtty Total lunds RalBlng furh18 Rent and ratss Travd and motor Repairs maintenar Insuran Marketing staff tNnin9 Ott￿r suppcxt co8ts Gov*mono ¢¢sts 292,398 292,398 59,976 59,976 151,687 151,6B7 186,953 186,953 123,580 123,580 12,128 12,12 365,103 365,103 61.116 1242 941 1248 556 615 9 Tr￿nthS ended 310ecerntsr2020 Promote rac* relatiDnS, "svrib"sm arnl proTrAdÈ $e¢ut Total J8 fu￿15 Rent 8nd r8ts8 Travel and motor Repair8 Jnaintenanr Insurant8 Marketing Staff tiaining Othar supwrt CC6ts Gowmance costs 92.209 92.209 60.313 60.313 66.251 66,251 94.325 94,325 55,021 55.021 18.1 18.100 243,524 243,524 51.600 57.425 681.343 687.188 5.825 5.825 Auditor5. remunerntion Year 9 trnnth8 oTrdod 31 ended 31 D￿eMber Decernber 2021 2020 Fees payable tD the Chartty's aLbJitor In ￿$FeCt of. Audit Grant audit All 0th6r non-aLvJit Sèrvi￿ not indudgj above 24,258 3,798 23,￿0 3.600 11.925 Community Securty Trust 37 Notes to the a¢counts 31 December2021 9 Staff costs Year g months •nd¢d 31 er￿e￿ 31 D8¢emb•r D8￿Mber 2021 2020 W￿￿e$ and $818ries Tarminat￿rn payments Stsci81 sacurity casts Pens￿￿ costs 3,7641101 66,399 403,%0 238 228 4,461.888 2,717,540 160,151 324,849 194 894 3 397,434 The average number of persons err0l0y￿j by the group during Ihe year was as follows.. 9 rnonths ondod 31 Kled 31 D￿0mber December 2021 2020 No. Chaiitable 96lMbes Fundr8isAng 85 93 93 The number of employees whos8 empbye& benefits (including bonofrts in kind such as car al￿￿anCeS but excluding employer pensKJn costs and national insuranc8 cnntributions) exceeded £60.OtKJ vrds.. Year 9 rnonih5 erKIDd 31 ded 31 De￿nb￿r De￿mber 20 2020 No. In the band £eQ.O(M)- £69.999 In t￿￿ band £70.0￿- £79:S99 In the band £e[).0￿- £89.999 In th8 band Th),OCKJ- £99,999 In the band £120.(JX)- £12g,9a9 In th& band £1W),(XKJ- £199.999 Benefits included in the above bandings exclude temination payments totalling £nil 19 months ended 31 December 2020 - £128,S321 which were made to indDiiduals who received other emptyee beneffts in excess of£60.000. During th8 y8ar, key management remunerats.on including employer's national insurance tolalled £941,223 (9 months 8nded 31 ￿embfjr 2020 - £753,19n, comprising the CEO and a management team of 9 staff members. 10 Trustee remungration and expenses Thè Trustee who served during the year {including Directo￿ of the Corporate Trtjsleel did not receive any remunerabon or have any expertses reimburs￿. This wa5 also the case in the prior year. Communrty Security Trust 38 Nota8 to the accoutts 31 December 2021 11 Taxatlon No liability arises as Community Secuity Trust is a r￿lstered charty and 15 Iher&fDre 8X8mpl fr(￿ taxation on tha income arising from its ch8ritabLg aciivrti8S. 12 Tanglble fixed assots Fixturg prwrty and ffttirvJs and improvement equiprmnt Total Cost or valuatlon At 1 January 2021 Addrftons Disposals At 31 D￿ember 2021 4.438,800 2,068,773 280,221 22 225 450 LW 2 326 769 6,807.673 280,221 4011 025 2 776 769 D•pr•clatlon At 1 January 2021 Charge for year On disposaLs At31 D￿Mb￿2021 1,650,124 1,650.124 254,eiii 268,791 15.591 15,591 1,889,134 1903 324 t4.1 14.1 Net ljook values At31 D￿mber2021 At 31 D￿rnb￿r2020 435,810 4 438.800 437 635 418.649 4 867 449 The disposal of freehold propty in the year atxl the dispogal of property in note 13 below related to the sak ofthe primary off￿S ofthe charty during the year ended 31 December 2021 under a sal8 and leaseb&k agreemenL 13 Investment property FNBhokl Investmènt prowrtles Valuatlons At 1 January 2021 Gain ￿ revaluatron Dispos81 of woperty At 31 D￿ernber 2021 4,788,845 1AOO,000 16S1200 C￿m￿nIty Security Tru51 39 Notos to the accounts 31 Dewnber 2021 14 Fixgd a5S9t Investments Shares in Unlistod gJbsKfiary sèttJriti88 a•caJrft*s compan*s Totsl Valuatlon8 At 1 January 2021 AdditB)ns Dispos￿5 al bocA( valug Iproceeds £1,597,433 aThJ reai8&J gans £165,3￿) Rèvxluations At 31 Oee•rnb•r 2021 1.165,147 7.439,092 (1.432.037) 1.165,247 7,439,092 11.432,0371 34,985 7 207 287 7 207 187 100 Carylng value at 31 D8cernber 2021 Investment holdings Cash hèld by in*sknant manwts 7.207.187 359.015 7.566.202 100 7.207,287 359,015 7 $66 302 100 Carying value at 31 December 2020 Investmènt holdings Cash ￿ld by In￿￿trTIent rnanagw5 1,165,147 85S.3fKJ 2.021.627 100 1,165,247 866 390 2 021 637 100 Cost At 31 December 2021 At 31 Decemb&r 2020 100 100 7 172.302 955 771 955 671 At 31 D*mber 2021, the Charity'¥ investment porffolio induded the folbwing indiv￿ual holdings which fepresenled a material proport*)n of the total valuè of the fLxed asset investment portfolio at that date. 31 Dec•mbor 2021 Alphabèt Inc Ickss Al N)ple Inc Miertssoft Cc ASML HrAdiAg NV F￿e1[ty Investsnent FUr￿5-AsIa Fund W Stewart Investo* Asia Paafic Lewjers Susta'natslity Fund B Ishares P C￿ Gobj ETC 192.480 190.993 297,191 208,239 196,000 237,230 298.570 Principal subsidiarf8S The Charity owns 1000k of the ordinary share capital of CST Promotions Limf(ed, a trading company (company number 030103901. 31 31 2021 2020 Debtors Cash * bank Ctedilors Net assets 22,708 137,977 160,585 100 59,300 94,158 100 Community Security Trust 40 Notss to the a¢￿Unts 31 December 2021 14 Flxed a¥%t Invostmgnts l¢ontinued) CST PromO￿n$ Limited donates its layable proffts to Communty Security Trust. Income and expendf(ure for the year is Shown below. Yoar dad 31 Dwcqrnbwr Decerter 2021 202D Pedod 31 Inc(xne Cost of sa AdMINstrati￿ costs 286,083 13,1SSI 302,590 13,2251 274 300 293 490 IS Debtor8 Grou Chari 31 31 31 31 D•e•mbor DeL*mber D￿Mb￿r Decem￿r 2021 2020 2021 2020 Due ¥￿thIn one year Donatk)ns recavab Amounts chved by group UThj8rta￿ThJ Other debtors Prepayments and a07ued inccrfne Homè Ofk8 grant rA)mmrfrn￿ts 361353 589.$05 362,353 589,505 5,133 208.493 23.216 408,723 377.149 2,359,110 2.086,709 3 379,223 3,081712 243.461 408.723 2.359,110 3.373.637 45.924 377.149 2.086,709 3.099,287 16 Short tèmi dèposits Grw Chari 31 31 31 31 December December December D8cembEr 2021 2020 2021 2020 Cash uwafents on d 540,323 3,034,469 640,323 3,034.469 17 Crodiiors: Amounts falling due within one year Gr(MJ Cha 31 31 31 31 December December Dgcember DeCe￿ar 2021 2020 2021 2020 Secunty enhanC￿ent prciertuedito rrade credito Other taxatk)n and social secuiity Home 0)T￿ grant cunrn¢ti7￿ts Accruds and defenEd Inco 118.323 137.161 117.885 l393.996 268,919 3,036 284 251,143 75.517 137.853 2,557.017 31X.430 3 327.960 118,323 134,971 114,251 2,393.996 221.129 2.981670 251,143 75,517 122,136 2,557.017 168.695 3.172,508 Corrmunity Security Trust 41 Notes to the accounts 31 D￿ember 2021 18 Flnanclal Instrnments Flnanclal assets Gr¢u Char 31 31 31 31 December De(embeT Oecember December 2021 2020 2021 2020 608,147 FtnarKl8l 88sets n*asLThJ * ccsts 2.802.061 2,132,633 ￿ 3 191,340 Flnanclal Ilabllltl8s Grou Chari 31 31 31 31 Dec?mlJw December Dgcernbor B￿rnber 2021 2020 2021 2020 FIna￿al ILgtslthes measLTrd at arnc(￿ costs 2.856,560 J,c60,8￿ 2.e68,419 3.0￿,371 Financial assets measured at aM￿lSe￿ c05t ￿mprise of the Home offi￿ grant ci)mmrf(ments Ideblorl. aM¢￿nts (w￿d by group undertakings, olher debtors and accrued income. Financial li*Jilities measured at amortised cost comprise of trade creditors, the Home offi￿ grant commiiments (creditor), 8￿uritY enhancement project commitments and accruaLs 19 Statement of funds Statement of furKl$- current year at 1 Jwwary 2021 Balanca at 31 Trar*f Inlo Galrtsl Dec8mber (kn5e81 Irrc4rÉ Expw¥Jlure Endovmwitfund DEsvJnated funds 1180.693) 5.540.0 5,359,307 1.WJ).OfKt 1.578.459 I,IOD,I)00 873,445 xed 88setfth Fixed assetfu . Reval￿￿"￿ rese lryvesl￿nI twvFettyfiJr¥J {268.7911 I4￿,223) 3.278. 4 788 845 11.446.294 13278,9901 1 551.200 273 587 1.400 000 1.400,000 12 670 397 419.484 Oanaral lunds 7.437.210 7.338.091 2￿.381 Totsl unreBtrlctedthJnth 18 883.SIM 7.338.091 1600 381 22 316 e99 RB5trf¢ted fvnds Home Offi￿ ProtedNè Se￿rity Grant Aggregated smaler restsi*d grants 111.288 15,991, 115,gWJ,2 113,024 299.IK)I 228.460 Total rBStrIC￿ fund¥ 410,289 16Z20, 116.383.7U Total of fvnd5 19,293.793 23.S58,548 121,889,073) f,8￿.361 22,563,648 Community Security Trust 42 Notes to the accounts 31 DeC￿ber 2021 19 Ststsment of funds Icontinued) Statement of funds- prior year at Bal￿¢0 at 31 TraTh8fer inlout Galnsl Dec•mbar 09$88sI 2020 2020 Int￿Me Expe￿lU Unre8trfetad fundB Doslqn4tod fvnds Security eDhanceTTwts Fixed asset fuThJ Fixed 4s5et futhl - Revalualiw r83w Investmerrt WOF¢ty 1.aoo,000 1.J78,459 1.465.41N) 11e6.399) 289.458 1.963.878 4,990.769 10 230.047 864.800 630.312 1278.990 289.458 rrd3.18B 11 GONWdl fun 3.eKJ6817 4116301 266 726 7 437 210 TO￿ unrestrfciod fvnds 182￿455 3605833 1359 915 11883 604 R88tslct8d funds Horne Office ProteL*￿e SetrAJrity gfant Agyregated smal¥reslrKled nts 7,568,121 (7.488.833) 111,288 14D.IXXJ 11*,180 TO￿ rngtrlctedfunds 267.181 7.706.121 (T.555.D131 410,289 Total olfund8 18.467.S36 11.313.954 111,847,712) 1,359.915 19.293,793 Endowment andDewate(I funds The Endowment Fund represents the di8posal pr￿eedS of the primary offices of the Charty whKh was 501d during the year under a Sa￿ and leaseback agreement. This will be used to fund the rent payaue on thi% property. Income from the investmenl portfolio, and 5ub-lea5e arrangements will per*Jdthlty be applied against this fund. lo ensure the Ch￿lty can retain approprtate offKe Sp￿ for the foreseeable future. The security enhancements fund provKles for 36 months of security enhancement expendf(ure at the current budgeted rate of spend. The fixgJ asset fund represents the fijnds donated to the Charity for the purchase of fixed assets for ils long-term use. DeprecialK)n is charged against the fund and a transfer is m￿0 to or ftom unreslricted funds to ajjust for additions and disposals lo the fiJnd. Th8 revaluation rgserve represents the revaluation of freehold property held as a tsngible ed asset. The combined lobl d the fixed asset fvnd and the ￿valUation reserve lolals the net book value of tsrkgible fixed assets shcwn in note 12. The investment property fijnd represents the value of the Chanty's investment properti8S, which are prinupalty held for income generation to further the Charty's charrtable objectwes. Communty Sxurity Twst 43 ote¥ to the accounts 31 t)ecember 2021 19 Statement of funds {corrtlnuedl Restrlcted funds.. The Home Office Prolectwe Security Grant is used to reimburse the Je￿3￿ community's Elate aided schools, independent & private schools, S8nsilive locations and synagcgue8 for their s8cunty costs. This also inclutl&l irTrcome and expendi(ure to adminksterthe grant. All remaining restn'cted funds with inc(xn8 or exp8ndf(ure bel￿ £200,000 have b8en aggregated for ¢￿VenIenc￿ of display. Separate internal records 8re maintsinèd for reportFng and prcl￿t monitoring purposes, to ensure all grant rgstrictions are fvlly complied Fund tsnsfers Transfers from general funds to th8 designated fLxed as58t ftjnd represent nel fixed as881 additions during the year. Th& carried forward balance on the fixed asset fund reprèsents the value of the operational f￿1 85sels used lo frjrther the Charrty's ¢biectNes. 20 Analysls of nat a￿ts b&tWe8n furKts Anatysis of net assets bth8en fvnds Tol41 knd¥ Total ￿ndS 31 31 Unr•strl(*ed R&str*￿ t>•cembar UnrthetÈd Restricw Decemiei run41$ 2021 fU￿J9 fvnds 2020 Grou Tangible fwl asset5 Fixed asset investments Investsnent propety Cuirent asset5 Credrtor8 due within one year Total 873,145 8T3.445 4.857.449 4,857,449 7.566.202 7.566,202 2.021.537 2.021,537 837.64S 4637,646 4.788.845 4,788,845 &867.931 16x709 11S22.640 7.986.616 2.*7.306 10.953.922 21.3TI 935 410,289 19,292,793 Tolal luna 31 UnrgstrlGW Ilestr￿ 0gcombBr UnTrslrfct8d Restricted Oec8m nds nds 2021 fU￿S fijnds 2D20 TOW funL15 31 Cha TaNJti >k fixed assets FiKed awt 1rn￿trr￿ts Investment propety Current assets Crgdiior3 dug ￿thin on year Total 8T3.445 873,445 4,857,449 4.857,449 7.566,302 7,566,302 2.021,637 2,021,637 {637.64S 4.637,645 4.788.845 4.788,84S 814.217 1654709 11468.926 7,831.Q64 2.W7,306 10.798.370 982,670 615491 21 377.935 1,1B5.713 22.563,648 18,883,504 410 289 19 293,793 21 Pension commltments The penS￿n charge per the ￿0￿ntS represents contributions paid by the Charity for the year and amounted to £238:228 19 ￿(InthS ended 31 December 2020 - £194,894} in respect of defined contribution schemos. Communty Sèeur¢ty Trust 44 Notss to th? aGcounts 31 t)¢￿er 2021 22 Oporatlng lease commltments At 31 D8C8mb8r, th8 Group had commitments to mak8 ftrtUT8 minimum lease paymen18 under non￿ncelIab￿ operating leases as foll¢YWS'. 31 D•e0m￿r 2021 31 D￿•￿ber 2020 Lèss than 1 yaar 1-5 years More than 5 years 308A77 1.207,681 5186 964 6 703.122 58,227 14.244 Th8 Group sold its main off￿e in May 2021 arKI enlered into a 20-yaar lease. Total operating lease payments reccgniwj as an eYp￿se in the yearwas £294,61719 months 8nd8d 31 Dec8mb8r 2020- £83.6301. 23 Operatlng lease- lessor 2021 2020 Wthin 1 ygar Bets￿n 1 and 5 yèars Aftgr 5 year5 456,085 1.626.325 3,912 650 6,995,060 29,873 1,29g,600 3 357 300 4,68e 573 The Charty recewes rent frLXll leasing oul some of its main office occupied under an operating lease, and frcth rent wewed from the investment propety held. Duiing the previous year, a tenant of the investment property was granted a renl-free period until the erKI of 2021 0¥ a resuli of the tenant's C￿￿panY Voluntsry Arrangement ICVAI. Community Security Trust 45 Notes to the accounts 31 December 2021 24 Rolated party transaGtion¥ During the year. CST Promotions Limited, a subshdiary of the Charty, made a donation under gift to the Charity lotalling £274,300 {9 months ended 31 Dec&nber 2020- £288,633). As at 31 December 2021 the trading subsidiary CST Promotions Limited owgj £40,544 to the Charity, lat 31 D￿rnber 2020 the Charity owed £5.13310 its trading subsKliaryl. During the year. the Charity T￿lVed donations totslling £509,300 from 15 directors 19 rfjnlhs endgj 31 D¢￿rnber 2020- £548:000 from 12 dirthrsl of the Corporate Trustee, and parties overwhich th8 directors had c￿1 or $ignfftant irnluence. The Jewsh Le*rship Council, a wmpany with a rn￿al Director with the Corporate Trustee, was a tenanl of the charitls investmerrt property during the period. Rental payment received in the peric*J totalled £18.500 (period ending 31 December 2020 - £13,875), the tems of tho leas& are consistent with leases m•Je to unconnected enlrtios. Communily Securrty Tnjst 46