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||||Page|
|---|---|---|---|
|Reference and Administrative||Details of the Charity, its Trustees and Advisers||
|Trustees'
Report|||2-7|
|Independent
Auditors'|Report|on the Financial Statements|8-11|
|Statement
of Financial|Activities||12|
|Balance Sheet||||
|Statement
of Cash Flows|||14|
|Notes to the Financial|Statements||15-30|
##
|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|DETAILS|OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|
|||FOR THE YEAR ENDED 31 DECEMBER 2020|||
|Trustees||Ronald Shelley|MBE||
|||Stewart Cass|||
|||ivan Sugarman|||
|||Michael Bluestone|||
|||Anthony
Yadgaroff|||
|||Stephen Pack (appointed||25 February 2021)|
|||David Sherman|||
|||Jonathan
Kober|||
|||Leonard Stern|||
|||Sheila Taylor|||
|||Jeffrey Jay (Resigned 25||February 2021)|
|Charity registered|||||
|number||1082148|||
|Principal office||Shield House,|||
|||Harmony
Way|||
|||London|||
|||NW4 2BZ|||
|Independent|auditors|Nyman
Libson Paul LLP|||
|||Chartered
Accountants|||
|||124 Finchley Road|||
|||London|||
|||NW3 5JS|||
|Bankers||Bank ofScotland|||
|||600 Gorgie Road|||
|||Edinburgh|||
|||EH11 3XP|||
|||Barclays Bank|||
|||PO Box299|||
|||Birmingham|||
|||B13PF|||
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||||Endowment|Restricted|Unrestricted|Total|7otat|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
||||2020|2020|2020|2020|2019|
|||Note||R|E|E||
|Income and||||||||
|endowments|from:|||||||
|Donations
and|legacies|3||4,919|120,451|125,370|567,214|
|Charitable
activities||4|||2,360|2,360|11,900|
|Investments||5|||38,494|38,494|51,001|
|Total income
endowments|and|||4,919|161,305|166,224|630, 115|
|Expenditure
on:||||||||
|Raising funds|||||1,121|1,121|214|
|Charitable
activities||6||68,650|242,496|311,146|420,372|
|Total expenditure||||68,650|243,617|312,267|420,586|
|Net||||||||
|(expenditure)/income||||||||
|before net||||||||
|(losses)/gains
investments|on|||(63,731)|(82,312)|(146,043)|209,529|
|Net (losses)/gains
on
investments|||||(80,773)|(80,773)|121,682|
|Net||||||||
|(expenditure)/income||||(63,731)|(163,085)|(226,816)|331,211|
|Transfers
between||||||||
|funds||15||39,151|(39,151)|||
|Net movement
funds|In|||(24,580)|(202,236)|(226,816)|331,211|
|Reconciliation|of|||||||
|funds;||||||||
|Total funds brought
forward|||521|32,091|1,904,291|1,936,903|1,605,692|
|Net movement|In funds|||(24,580)|(202,236)|(226,816)|331,211|
|Total funds carried
forward|||521'|7,511|1,702,055|1,710,087|1,936,903|
##
||STATEMENT OF|FINANCIAL|POSITION|||
|---|---|---|---|---|---|
||AS AT 31 DECEMBER||2020|||
||||2020||2019|
||Note||||E|
|Fixed assets||||||
|Tangible assets|11||3,846||7,553|
|investments|f2||1,153,340||1,230,472|
||||1,157,186||1,238,025|
|Current assets||||||
|Debtors||13,675||14,569||
|Cash at bank and in|hand|581,332||742,399||
|||595,007||756,968||
|Creditors: amounts|falling due within one|||||
|year|14|(42,106)||(58,090)||
|Net current assets|||552,901||698,878|
|Total net assets|||1,710,087||1,936,903|
|Charity funds||||||
|Endowment
funds|15||521||521|
|Restricted funds|15||7,511||32,091|
|Unrestricted
funds|15||1,702,055||1,904,291|
|Total funds|||1,710,087||1,936,903|
##
|||||STATEMENT OF|STATEMENT OF|CASH FLOWS|||
|---|---|---|---|---|---|---|---|---|
||||FOR THE YEAR ENDED 31 DECEMBER 2020||||||
||||||||2020|2019|
||||||||C||
|Cash flows from operating|||activities||||||
|Net cash||used
in operating|activities||||(195,920)|147,867|
|Cash flows from investing|||activities||||||
|Dividends,||interests
and rents from investments|||||38,494|51,001|
|Purchase||of tangible
fixed assets||||||(1,848)|
|Proceeds||from sale of investments|||||347,528||
|Purchase||of investments|||||(351,169)|(50,256)|
|Net cash||provided
by/(used
in) investing|||activities||34,853|(1,103)|
|Cash flows from financing|||activities||||||
|Net cash||provided
by financing
activities|||||||
|Change|in cash and cash||equivalents|ln|the year||(161,067)|146,764|
|Cash and||cash equivalents|at the beginning||of the year||742,399|595,635|
|Cash and||cash equivalents|at the end of||the year||581,332|742,399|
|The notes||on pages 15to 30 form part||of these financial||statements|||
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||Restricted|Unrestricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2020|
|||8|2|
|Donations|4,919|30,817|35,736|
|I egacies||86,468|86,468|
|Branch affiliation fees||3,166|3,166|
||4,919|120,451|125,370|
||Restricted|Lfnres tricted|lotat|
||funds|funds|funds|
||2019|2019|2019|
||E'|2|f|
|Donations|23, 711|29,604|53,315|
|Legacies||5o7,41e|5o7,41e|
|Branch affiliation fees||6,481|6,481|
||23,71 1|543,503|567,214|
##
|||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2020|2020|
|||||||8|E|
|Income|from|charitable|activities|-|Remembrance|200|200|
|Income|from|charitable|activities|-|Other|113|113|
|income|from|charitable|activities|-|Membership|2,047|2,047|
|||||||2,360|2,360|
##
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##
|||||||Unrestricteo|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||201g|201g|
|Income|from|charitable|activities|-|Remembrance|9,300|9,300|
|Income|from|charitable|activities|-|Other|(191)|(191)|
|Income|from|charitable|activities|-|Membership|2,791|2,791|
|||||||11,900|11,900|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|Investment|income|38494|38494|
|||Unrestncteo|Total|
|||funds|funds|
|||2019|2019|
|||E||
|Investment|income|51,001|51,001|
##
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||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2020|2020|2020|
||||2||8|
|Remembrance||||178,845|178,845|
|Welfare|||68,650|39,340|107,990|
|Jewish|Military|Museum||17,443|17,443|
|Record|of Honour|||6,868|6,868|
||||68,650|242,496|311,146|
||||Restrictea|Unrestricted|Total|
||||funds|funds|funds|
||||2019|2019|2019|
|||||2||
|Remembrance||||280,261|280,261|
|Welfare|||64,595|48,040|112,635|
|Jewish|Military|Museum||19,440|19,440|
|Record|of Honour|||8,036|8,036|
||||64,595|355,777|420,372|
##
||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2020|2020|2020|
|||||8|2|
|Remembrance|||38,581|140,264|178,845|
|Welfare|||69,399|38,591|107,990|
|Jewish|Military|Museum|12,589|4,854|17)443|
|Record|of Honour||749|6,119|6,868|
||||121,318|189,828|311,146|
##
##
##
||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2019|2019|2019|
||||2|||
|Remembrance|||110,124|170,137|280,261|
|Welfare|||66,042|46,593|112,635|
|Jewish|Military|Museum|12,700|6, 740|19,440|
|Reoord|of Honour||1,447|6,589|8,036|
||||190,313|230,059|420,372|
|||||Jewish|||
|---|---|---|---|---|---|---|
|||Remembran||Military|Record of|Total|
|||ce|Welfare|Museum|Honour|funds|
|||2020|2020f|2020
E|2020|2020|
|Donations
to JMM Ltd
Jewish
Museum|re:|||12,589||12,589|
|Annuai
remembrance|parade|15,242||||15,242|
|Welfare grants and expenses|||68,650|||68,650|
|Other commemorations||7,899||||7,899|
|Donation - Friends of
Servicemen|Jewish|1,939||||1,939|
|Travel and subsistence||11,259|625||625|12,509|
|NEC/Branch
expenses||2,242|124||124|2,490|
|||38,581|69,399|12,589|749|121,318|
##
##
|Analysis
of direct co|sts (conti|nued)|||||
|---|---|---|---|---|---|---|
|||||Jewish|||
|||Remembran||Military|Record ol|Total|
|||ce|Welfare|Museum|Honour|funds|
|||2019|2019|2019|2019|2019|
||||||E|E|
|Donations to JlviM Ltd|re:||||||
|Jewish Museum||||12,700||12,700|
|Annual
remembrance|parade|70,113||||70,113|
|Welfare grants and expenses|||64,595|||64,595|
|Other commernorations||11,964||||11,964|
|Donation
- Friends of|Jewish||||||
|Servicemen||2,000||||2,000|
|Travel and subsistence||23,451|1,303||1,303|26,057|
|NEC/Branch
expenses||2,596|144||144|2,BB4|
|||110,124|66,042|12,700|1,447|190,313|
|Analysis
of support|costs||||||
|||||Jewish|||
|||Rernembera||Military|Record of|Total|
|||nce|Welfare|Museum|Honour|funds|
|||2020|2020|2020|2020|2020|
|||||6|I'.|L'|
|Staff costs||66,496|17,732|4,434||88,662|
|Depreciation||2,780|741||186|3,707|
|Premises Costs||14,003|3,734||934|18,671|
|General office costs||25,889|7,768||3,328|36,985|
|Communications
8 publications||7,290|2,243||562|10,095|
|Legal and professional|fees|16,519|4,405||1,101|22,025|
|Presentations
and community
relations||840|280|||1,120|
|Audit fees||6,300|1,680|420||8,400|
|Bank charges||147|8|||163|
|||140,264|38,591|4,854|6,119|189,828|
##
##
##
||Analysis
of|sup|port c|osts (|continu|ed)|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Jewish|||
||||||Remembera|||Mili fary|Record ol|Tofal|
|||||||nce|Irtleftare|Museum|Honour|funds|
|||||||2019|2019|2019f|2019|2019|
||Staff costs|||||94,710|25,255|6,314||126,279|
||Depreciation|||||5,366|1,431||358|7,155|
||Premises Costs|||||20,333|5,421||1,356|27,110|
||General office costs|||||33,696|10,110||4,332|48,f38|
||Communications||& publications|||1,387|427||107|1,921|
||Legal and professional|||fees||6,272|1,672||4f8|8,362|
||Presentations
relations|and community||||1,665|555|||2,220|
||Audit fees|||||6,390|1,704|426||8,520|
||Bank charges|||||318|18|||354|
|||||||170,137|46,593|8, 740'|6,589|230,059|
|8.|Auditors'
remuneration||||||||||
||||||||||2020|2019|
||||||||||E|2|
||Fees payable|to|the Charity's||auditor|in respect of:|||||
||The auditing|of accounts of associates of the Charity|||||||8,400|8,220|
##
|Staff c|osts|||
|---|---|---|---|
|||2020|2019|
||||F|
|Wages|and salaries|82,666|121,317|
|Social|security costs|5,996|4,962|
|||88,662|126,279|
##
##
|2020|2019|
|---|---|
|No,|No,|
##
##
|||Office|Computer||
|---|---|---|---|---|
|||equipment|equipment|Total|
|Cost or valuation|||||
|At|1 January 2020|23,063|17,802|40,865|
|At|31 December 2020|23,063|17,802|40,865|
|Depreciation|||||
|At|1 January 2020|17&936|15,376|33,312|
|Charge for the year||1,282|2,425|3,707|
|At|31 December 2020|19,218|17,801|37,019|
|Net book value|||||
|At|31 December 2020|3,845||3,846|
|At|31December 2019|5,127|2,426|7,553|
##
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##
||||Listed|
|---|---|---|---|
||||Investments|
||||8|
|Cost or valuation||||
|At 1 January|2020||1,230,472|
|Additions|||350,852|
|Dlsposals|||(347,211)|
|Revaluations|||(80,773)|
|At 31 December 2020|||1,153,340|
|Net book value||||
|At 31 December 2020|||1,153,340|
|At 31December 2019|||1,230,472|
|Debtors||||
|||2020|2019|
||||E|
|Due within one year||||
|Other debtors||2)143|2,223|
|Prepayments|and accrued income|11,532|12,346|
|||13,675|14,569|
##
##
|Creditors: Am|ounts|falling due within one year|||
|---|---|---|---|---|
||||2020|2019|
||||8|6|
|Loans from AJEX Branches|||11,816|16,316|
|Other taxation|and social securily||2,595|2,918|
|Other creditors|||6,501|4,280|
|Accruals and deferred||income|21,194|34,576|
||||42,106|58,090|
##
##
|Statement|of fu|nds
- current|yea|r|||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
|||Balance at|1|||||31|
|||January||||Transfers|Gains/|December|
|||2020||Income|Expenditure|ln/out|(Losses)|2020|
||||E||E|E|E|E|
|Unrestricted|||||||||
|funds|||||||||
|Designated|||||||||
|funds|||||||||
|Remembrance|||||||||
|reserves||207,409|||||~|207,409|
|General funds|||||||||
|General Funds-|||||||||
|all funds||1,696,882||161,305|(243,617)|(39,151)|(80,773)|1,494,646|
|Total|||||||||
|Unrestricted|||||||||
|funds||1,904,291||161,305|(243,617)|{39,151)|(80,773)|1,702,055|
|Endowment|||||||||
|funds|||||||||
|Endowment|||||||||
|Funds - all funds||521||||||521|
|Restricted|||||||||
|funds|||||||||
|AJEX Housing
association
fund||32,09'I|||(24,580)|||7,511|
|Welfare fund||||4,919|(44,070)|39,151|||
|||32,091||4,919|(68,650)|39,151||7,511|
|Total offunds||1,936,903||166,224|(312,267)||(80,773)|1,7 I0,087|
##
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##
|Statement
|of fund|s - prior year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at|||||31|
|||1 January
2019|Income|Expenditure|Transfers
lnyout|Gains'
(Losses)|December
2019|
|Unrestricted||||||||
|funds||||||||
|Designated||||||||
|funds||||||||
|Remembrance
reserves||207,409|||||207,409|
|General funds||||||||
|General
Funds||1,341,771|606,404|(355,991)|(16,984)|121,682|1.696,882|
|Total||||||||
|Unrestricted||||||||
|funds||1,549,180|606,404|(355,991)|(16,984)|121,682|1,904,291|
|Endowment||||||||
|funds||||||||
|Endowment||||||||
|Fund||52.1|||||521|
|Restricted||||||||
|funds||||||||
|AJEX Housing
Association
fund||55,991||(23,900)|||32,091|
|Welfare Fund|||23,711|(40,695)|16,984|||
|||55,991|23,711|(64,595)|16,984||32,091|
|Total offunds||1,605,692|630, 115|(420,586)||121,682|1,936,903|
##
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|Analysis|of net assets between
fund|s - current
period||||
|---|---|---|---|---|---|
|||Endowment|Restricted|Unrestricted|Total|
|||funds|funds|funds|funds|
|||2020|2020|2020|2020|
|||L'||E|8|
|Tangible|fixed assets|||3,846|3,846|
|Fixed asset investments||||1,153,340|1,153,340|
|Current|assets|521|7,511|586,975|595,007|
|Creditors|due within one year|||(42,106)|(42)106)|
|Total||521|7,511|1,702,055|1,710,087|
|Analysis|of net assets between fund|s - prior period||||
|---|---|---|---|---|---|
|||Endowment|Restrictea|Unrestrictea|Total|
|||fun q's|funds|funds|funds|
|||2019f|2019
f|2019
f|2019|
|Tangible|fixed assets|||7,553|7,553|
|Fixed asset investments||||1,230,472|1,230,472|
|Current|assets|521|32,091|724,356|756,968|
|Creditors|due within one year|||(58,090)|(58,090)|
|Total||521|32,091|1,904,291|1,936,903|
##
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##
|20.|Reconcili|atio|n
of n|et|m|ove|ment|in fun|ds|to net|cash flow|from operat|ing|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||2020|2019|
|||||||||||||||E|f|
||Net
income/expenditure
Activities)|||||for|the|period|(as per||Statement|of Financial||(226,816)|331,211|
||Adjustments||for;|||||||||||||
||Depreciation||charges|||||||||||3,707|7,155|
||(Gains)/losses||on investments|||||||||||80,773|(121,682)|
||Dividends,|interests||and||rents from investments||||||||(38&494)|(51,001)|
||Decrease|in stocks|||||||||||||1,200|
||Decrease|in debtors||||||||||||894|6, 110|
||Decrease|in creditors||||||||||||(15,984)|(25,126)|
||Net cash|provided||by/(used|||In) operating|||activities||||(195,920)|147,867|
|21.|Analysis|of|cash and||cash||equivalents|||||||||
|||||||||||||||2020|2019|
||||||||||||||||f|
||Cash
in hand|||||||||||||581,332|742,399|
||Total cash and cash||||equivalents|||||||||581,332|742,399|
|22.|Analysis|of|changes||in|net|debt|||||||||
|||||||||||||At|1||At 31|
|||||||||||||January|||December|
|||||||||||||2020||Cash flows|2020|
|||||||||||||||f||
||||||||||||||E|||
||Cash at bank||and in|hand||||||||742,399||(161067)|581,332|
|||||||||||||742,399||(161,067)|581,332|
##
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