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← B'nai B'rith United Kingdom

2021-12-31-accounts

Company registered number: 03328487 Charity registered number: 1061661

B'NAI B'RITH UNITED KINGDOM (A company limited by guarantee and registered charity)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

B'NAI B'RITH UNITED KINGDOM (A company limited by guarantee and registered charity)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 5
Trustees' responsibilities statement 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 23

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees Mr A B Miller, National President
Mrs E J Swabe
Mr A C Etherton, Treasurer (resigned 6 June 2021)
Mr M Kudlick (resigned 6 June 2021)
Mr P Solomon, Treasurer (appointed 6 June 2021)
Company registered
number
03328487
Charity registered
number
1061661
Registered office
Shield House
18 Harmony Way
London
NW4 2BZ
Company secretary
Wendy Fireman
Lynne Lucas
Independent Examiner
Yogan Patel
MHA MacIntyre Hudson
Chartered Accountants
2 London Wall Place
London
EC2Y 5AU
Bankers
CAF Bank limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

Page 1

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees, who are also Directors of the Charity for the purpose of the Companies Act 2006, present their annual report together with the financial statements of B’nai B’rith United Kingdom for the year 1 January 2021 to 31 December 2021.

The Annual Report serves the purposes of both a Trustees' report and a Directors' Report under company law. The Trustees confirm that the Annual Report and financial statements of the Charitable Company comply with the current statutory requirements, the requirements of the Charitable Company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities for the public benenfit

a. Purpose and objectives

The purpose and objectives of the Charity, as per its Memorandum and Articles of Association, are:

In setting objectives and planning for current and future activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Activities and achievements

a. Main activities undertaken to further the Charity's purposes for the public benefit

The main activities undertaken in relation to Charity’s purpose as per its governing document and in the furtherance of public benefit are reviewed below.

The Charity, to all intents and purposes, has ended its affiliation with B’nai B’rith Europe and become an affiliate of the International B’nai B’rith organisation in Washington USA. Founded in 1843 and with members in over 50 countries, B’nai B’rith is recognised as one of the world’s largest organisations focusing on defending human rights, encouraging community action and carrying out humanitarian work.

B’nai B’rith United Kingdom (BBUK) acts as an umbrella organisation for 12 lodges with 590 members. In spite of the Covid-19 pandemic which has blighted most of 2021, BBUK has run a full series of on-line zoom lectures. Activities of lodges have been severely curtailed but fund raising has continued for many good causes in the UK, Eastern Europe and Israel.

Page 2

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Activities and achievements (continued)

b. Main acheivements

The main acheivements of the Charity in the year have been discussed below:

London Bureau of International Affairs

The Bureau has continued to engage with diplomats via the zoom platform and has brought a number of high level diplomats to the membership via on-line talks with Q&A sessions.

Humanitarian work in Israel

Fund raising has continued at previous levels to help disadvantaged individuals and families in the township of Qiryat Gat.

Humanitarian work in Ukraine

Thanks to the efforts of BBUK’s project leaders, substantial sums have been sent to provide medical care for the many aged Jews and righteous gentiles in Kiev, Ukraine.

Membership

Although membership continues to decline, a number of other Lodges continue to flourish and attract new members.

Younger membership

The organisation has tried hard over the last few years to introduce younger members but in spite of investing heavily the reality has been that the effort has been largely unsuccessful. Accordingly a decision was taken to accept the difficulty of this project and cease further funding.

Financial review

a. Financial results

The Charity has a number of restricted and endowment funds, including the Schiff Fund and the Rothschild Fund. The use of the Schiff fund is unrestricted and is used to support and supplement the work of the Charity. The Rothschild Fund is restricted to helping Jewish undergraduate students.

During the year to 31 December 2021, the Charity received income of £76,288 (2020: £91,559). Income was derived from donations and investment income received. Total expenditure was £92,782 (2020: £119,244). Investment gains were £67,408 (2020: £19,692). The net surplus for the year was £50,914 (2020: deficit £7,993). As at the 31 December 2021, the Charity held unrestricted general reserves of £137,466 (2020: £109,021), restricted funds of £178,933 (2020: £160,247) and endowment funds of £330,084 (2020: £326,301).

During the current year, the Charity has restated prior year balances. Firstly, the income and capital accounts held within investments have been reallocated to the fixed asset investment balance, from cash at bank. The Trustees believe this reclassification to be more understandable to the users of the accounts and to better reflect the long term nature of these balances. This change has no impact on the funds carried forward. Secondly, the brought forward funds have been restated to allocate a greater proportion of funds to the restricted category - there has been no change in the total funds at 31st December 2020. The Trustees have undertaken this reclassification following a review of the historic income and expenditure of each fund, concluding that the restricted fund balance carried forward at 31st December 2019 was understated by £16,725. As a result, the restricted funds at 31st December 2019 and 31st December 2020 have increased by £16,725 in order to correct this error, and the general funds at these same dates have decreased by an equal amount.

Page 3

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

b. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

c. Reserves policy

Reserves are needed to bridge the gap between spending and receiving income to meet commitments. The Trustees consider that an ideal level of unrestricted reserves as at 31 December 2021 is £60,000, being at least six months average expenditure based on the 2021 results. The Charity continues to monitor this position.

d. Going concern and COVID-19

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist, including considering the impact of COVID-19. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

Structure, governance and management

a. Constitution and organisational structures

The Charity was incorporated on 6th March 1997 and is a Company Limited by Guarantee registered with the Registrar of Companies for England and Wales (Registration number 03328487) and is a Charity registered with the Charity Commission (Registration number 1061661). The Charity is governed by its Memorandum and Articles of Association, updated 12 August 2021. In the event of the Company being wound up, members are required to contribute an amount not exceeding £1. Trustees’ liability and indemnity insurance was in force throughout the year to cover the trustees and officers of the charity against action brought against them in their personal capacity. Neither the insurance nor the indemnity provide cover where the individual has acted fraudulently or dishonestly.

The names of trustees at the date the report was approved and the names of trustees who served in the year are detailed in the Charity Information on page 1.

The Charitable Company operates in association with twelve branches (lodges) throughout the United Kingdom, each with a President who reports on their activities. The Company itself has a President, Vice President (currently vacant), Honorary Treasurer and Mentor to the President, all of whom are Trustees. Further individuals provide leadership for the Charity’s operations covering the following areas: human rights, humanitarian work in Israel, humanitarian work in Ukraine, Jewish culture and heritage and publicity.

Page 4

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Structure, governance and management (continued)

b. Recruitment and appointment of Trustees

The Trustees are elected under the terms of the Memorandum of Association.

Trustees may serve without time restriction, until they are replaced, or they resign. New Trustees are appointed by existing Trustees and would be required to attend appropriate training courses and complete a relevant induction process.

The Trustees consider that the Trustee board comprises an appropriate mix of individuals with complementary skills and experience so as to meet the needs of the Charity.

This report has been prepared taking advantage of the small companies’ exemption of the Companies Act 2006.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................

Mr P Solomon Treasurer Date:

Page 5

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state 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 statements, the Trustees are required to:

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 at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

Approved by order of the members of the board of Trustees and signed on its behalf by:

................................................ Paul Solomon Treasurer Date:

Page 6

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Independent examiner's report to the Trustees of B'NAI B'RITH UNITED KINGDOM ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2021.

Responsibilities and basis of report

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) 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 in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Signed:

Dated:

Yogan Patel FCA

MHA Macintyre Hudson, 2 London Wall Place, London, EC2Y 5AU

Page 7

(A company limited by guarantee and registered charity)

B'NAI B'RITH UNITED KINGDOM

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021

Note
Income from:
Donations and
subscriptions
3
Investments
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net gains on
investments
9
Net (expenditure)/
income
Transfers between
funds
12
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward (restated)
Net movement in
funds
Total funds carried
forward		 Unrestricted
funds
2021
£
31,913
10,704
42,617
-
58,172
58,172
-
(15,555)
44,000
28,445
109,021
28,445
137,466		 Restricted
funds
2021
£
29,117
4,554
33,671
-
34,610
34,610
19,625
18,686
-
18,686
160,247
18,686
178,933		 Endowment
funds
2021
£
-
-
-
-
-
-
47,783
47,783
(44,000)
3,783
326,301
3,783
330,084		 Total
funds
2021
£
61,030
15,258
76,288
-
92,782
92,782
67,408
50,914
-
50,914
595,569
50,914
646,483		 Total
funds
2020
£
75,591
15,968
91,559
750
118,494
119,244
19,692
(7,993)
-
(7,993)
603,562
(7,993)
595,569

The Statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure relates to continuing activities.

The notes on pages 10 to 23 form part of these financial statements.

Page 8

B'NAI B'RITH UNITED KINGDOM (A company limited by guarantee and registered charity) REGISTERED NUMBER: 03328487

BALANCE SHEET AS AT 31 DECEMBER 2021

Note
Fixed assets
Investments
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total net assets
Charity funds
Endowment funds
12
Restricted funds
12
Unrestricted funds
12
Total funds		 3,873
144,429
148,302
(3,780)		 2021
£
501,961
144,522
646,483
330,084
178,933
137,466
646,483		 -
129,548
129,548
(7,299)		 As restated
2020
£
473,320
122,249
595,569
326,301
160,247
109,021
595,569

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by: _______

................................................

Paul Solomon

Treasurer

The notes on pages 10 to 23 form part of these financial statements.

Page 9

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. General information

The Charity is a Company Limited by Guarantee registered with the Registrar of Companies for England and Wales (Registration number 03328487) and is a Charity registered with the Charity Commission (Registration number 1061661). The Charity is governed by its Memorandum and Articles of Association. In the event of the Company being wound up, members are required to contribute an amount not exceeding £1.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

B'nai B'rith United Kingdom meets the definition of a public benefit entity under FRS 102.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the Charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

During the year, the Charity has restated prior year balances - see accounting policy 2.14

2.2 Going concern

The Trustees have assessed the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern, including the impact of COVID-19. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. The Trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing these financial statements.

Page 10

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 involved in undertaking each activity. Direct costs attributable to 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 to a single activity are apportioned between those activities on a basis consistent with the use of resources. Staff costs are allocated on the basis of time spent.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 11

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2. Accounting policies (continued)

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. As investments are revalued to fair value continuously, no realised gains or losses arise.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 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 date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.11 Financial instruments

The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows:

Debtors – trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 10. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Liabilities - trade creditors, accruals and other creditors will be classified as financial instruments, and are measured at amortised cost as detailed in Note 11. Taxation and social security are not included in the financial instruments disclosure. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument.

2.12 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Page 12

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2. Accounting policies (continued)

2.13 Fund accounting

General funds are unrestricted funds 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.

Expendable endowment funds can be used to provide income or capital for the Charity at the discretion of the Trustees.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2.14 Restatement of prior year comparatives

During the current year, the Charity has restated prior year balances:

Page 13

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

3. Income from donations and subscriptions

Unrestricted
funds
2021
£
Donations
Subscriptions
22,562
Donations
5,478
Gift aid
3,873
Total 2021
31,913
Total 2020
35,611		 Restricted
funds
2021
£
-
29,117
-
29,117
39,980		 Total
funds
2021
£
22,562
34,595
3,873
61,030
75,591		 Total
funds
2020
£
23,576
48,594
3,421
75,591

Of the total income from donations of £75,591 in 2020, £39,980 was allocated to restricted funds. All restricted funds were included within the Donations category above.

4. Investment income

Unrestricted
funds
2021
£
Income from investments
10,679
Deposit account interest
25
10,704
Total 2020
11,441		 Restricted
funds
2021
£
4,554
-
4,554
4,527		 Total
funds
2021
£
15,233
25
15,258
15,968		 Total
funds
2020
£
15,867
101
15,968

In 2020, all restricted funds from investment income were allocated to Income from investments.

Page 14

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

5. Expenditure on raising funds

Costs of raising funds

Unrestricted
funds
2021
£
Fundraising expenditure
-
Total 2020
750		 Total
funds
2021
£
-
750		 Total
funds
2020
£
750

6. Analysis of expenditure by activities

Charitable activities
Total 2020		 Activities
undertaken
directly
2021
£
84,336
112,896		 Support
costs
2021
£
8,446
5,598		 Total
funds
2021
£
92,782
118,494		 Total
funds
2020
£
118,494

Of the total charitable activities expenditure in the year, £34,610 (2020: £43,005) has been allocated to restricted funds and £58,172 (2020: £75,489) to unrestricted funds.

Page 15

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

B'nai B'rith Young Professionals
Scholarships
Humanitarian aid
Advocacy
Jewish identity, culture and heritage
Friends of Jewish servicemen and servicewomen
B'nai B'rith International		 Charitable
activities
2021
£
739
5,000
29,610
30,859
16,510
-
1,618
84,336		 Total
funds
2021
£
739
5,000
29,610
30,859
16,510
-
1,618
84,336		 Total
funds
2020
£
18,619
5,000
38,005
30,332
15,940
2,000
3,000
112,896

Analysis of support costs

Bank charges
Administration expenses
Governance costs
IT
Subscriptions		 Charitable
activities
2021
£
252
1,629
4,475
1,986
104
8,446		 Total
funds
2021
£
252
1,629
4,475
1,986
104
8,446		 Total
funds
2020
£
198
1,196
4,204
-
-
5,598

The governance costs above include the fee for the independent examination, being £3,780 (2020: £3,590), and other professional fees of £695 (2020: £614).

Page 16

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

7. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
-
-
-
-		 2020
£
15,005
1,985
376
17,366

The average number of persons employed by the Charity during the year was as follows:

2021 2020
No. No.
Employees - 1

No employee received remuneration amounting to more than £60,000 in either year.

8. Trustees' remuneration and expenses

The Trustees are considered to be the Charity's Key Management Personnel. During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year e nded 31 December 2021, Trustee e xpenses of £667 have been reimbursed (2020 - £219) . Expenses in the year were reimbursed to 3 Trustees (2020: 2 Trustees) for office expenses, filingcosts and postage and stationery items.

Page 17

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

9. Fixed asset investments

Valuation
At 1 January 2021 (as previously stated)
Prior year adjustment (see Note 15)
At 1 January 2021 (as restated)
Additions
Disposals
Revaluations
Movement in cash accounts held within investments
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020 (as restated)		 Listed
investments
£
464,262
9,058
473,320
6,000
(50,000)
67,408
5,233
501,961
501,961
473,320

10. Debtors

Due within one year
Prepayments and accrued income
Creditors: Amounts falling due within one year
Other taxation and social security
Accruals		 2021
£
3,873
3,873
2021
£
-
3,780
3,780		 2020
£
-
-
2020
£
3,709
3,590
7,299

11. Creditors: Amounts falling due within one year

Page 18

(A company limited by guarantee and registered charity)

B'NAI B'RITH UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

12. Statement of funds

Statement of funds - current year

As restated
Balance at 1
January
2021
£
Unrestricted
funds
General Funds
109,021
Endowment
funds
Expendable
Endowment
Fund
326,301
Restricted
funds
The East &
Central Europe
fund
15,264
The Qiryat Gat
fund
3,436
Rothschild fund
141,547
160,247
Total of funds
595,569		 Income
£
Expenditure
£
42,617
(58,172)
-
-
13,152
(14,560)
15,965
(15,050)
4,554
(5,000)
33,671
(34,610)
76,288
(92,782)		 Transfers
in/out
£
44,000
(44,000)
-
-
-
-
-		 Gains/
(Losses)
£
-
47,783
-
-
19,625
19,625
67,408		 Balance at
31
December
2021
£
137,466
330,084
13,856
4,351
160,726
178,933
646,483

Page 19

(A company limited by guarantee and registered charity)

B'NAI B'RITH UNITED KINGDOM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
General Funds
Endowment
funds
Expendable
Endowment
Fund
Restricted
funds
The East &
Central Europe
fund
The Qiryat Gat
fund
Rothschild fund
Total of funds		 As restated
Balance at
1 January
2020
£
109,208
340,623
13,456
3,269
137,006
153,731
603,562		 Income
£
47,052
-
20,813
19,167
4,527
44,507
91,559		 Expenditure
£
(76,239)
-
(19,005)
(19,000)
(5,000)
(43,005)
(119,244)		 Transfers
in/out
£
29,000
(29,000)
-
-
-
-
-		 Gains/
(Losses)
£
-
14,678
-
-
5,014
5,014
19,692		 As restated
Balance at
31
December
2020
£
109,021
326,301
15,264
3,436
141,547
160,247
595,569

Page 20

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

12. Statement of funds (continued)

The East & Central Europe fund

The East & Central Europe fund comprises donations received and donations made to alleviate poverty and to encourage community regeneration in these countries.

The Qiryat Gat fund

The Qiryat Gat fund comprises donations received and donations made in connection with the alleviation of poverty and education projects in Qiryat Gat in Israel.

Rothschild fund

The Max and Gladys Rothchild fund was set up to apply its income to establish and provide civil engineering scholarships for the benefit of third year Jewish students who may be in need of financial assistance to study as university undergraduates.

Expendable endowment fund

The Maxine Schiff fund is a trust fund set up under the will of the late Maxine Schiff to benefit B'nai B'rith United Kingdom. The Trustees have the power to accumilate income for a period of 21 years from the date of the gift and to advance monies to B'nai B'rith United Kingdom for the charitable objectives described in the Memorandum and Articles of Association. A transfer of £44,000 (2020: £29,000) was made in the year to release funds to the unrestricted reserve to support the activities of the Charity.

Page 21

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

13. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Fixed asset investments
11,151
Current assets
130,095
Creditors due within one year
(3,780)
Total
137,466		 Restricted
funds
2021
£
160,726
18,207
-
178,933		 Endowment
funds
2021
£
330,084
-
-
330,084		 Total
funds
2021
£
501,961
148,302
(3,780)
646,483

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total		 As restated
Unrestricted
funds
2020
£
5,472
110,848
(7,299)
109,021		 As restated
Restricted
funds
2020
£
141,547
18,700
-
160,247		 Endowment
funds
2020
£
326,301
-
-
326,301		 Total
funds
2020
£
473,320
129,548
(7,299)
595,569

14. Related party transactions

During the year reported, the Trustees made unrestricted donations of £390 (2020: £172) to the Charity. The Charity has not entered into any other related party transactions during the year (2020: £Nil), nor are there any outstanding balances owing between related parties and the Charity at 31 December 2021 (2020: £Nil).

Page 22

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

15. Restatement of prior year balances

During the current year, the Charity has restated prior year balances. The impact of this restatement on the Balance Sheet as at 31st December 2020 can be seen below:

Fixed asset investments
Cash at bank and in hand
Creditors: amounts falling due within one year		 31st
December
2020
£
595,569
464,262
138,606
(7,299)		 31st
December
2020
(restated)
£
473,320
129,548
(7,299)
595,569

The impact of the restatement on the funds held by the Charity at 31st December 2020 can be seen below:

Endowment funds
Restricted funds
Unrestricted funds		 31st
December
2020
£
595,569
326,301
143,522
125,746		 31st
December
2020
(restated)
£
326,301
160,247
109,021
595,569

Page 23