**LIMMUD (a company limited by guarantee)**
**Charity Number: 1083414 Company Number: 03903050**
**(a company limited by guarantee)**
**LIMMUD**
## **LIMMUD (a company limited by guarantee)**
## **REPORT AND FINANCIAL STATEMENTS For the year ended 30 June 2022**
**Contents Page** Legal and administrative information 2 Report of the trustees for the year ended 30 June 2022 3 Independent auditor’s report to the members of Limmud 7 Statement of financial activities (incorporating income and expenditure account) for the year ended 30 June 2022 Balance Sheet as at 30 June 2022 9 Cash flow statement for the year ended 30 June 2022 10 Notes to the Financial Statements 11
## **LIMMUD (a company limited by guarantee)**
## **Report of the trustees for the year ended 30 June 2022**
## **Legal and Administrative Information**
Limmud is a company incorporated on 7 January 2000, is limited by guarantee and is a registered charity, governed by the Memorandum and Articles of Association as amended by a written resolution of members dated 23 October 2005, 14 May 2007 and 30 March 2014.
|**Trustees:**|Carolyn Bogush (chair)|
|---|---|
||Benjamin Crowne|
||Natalie Grazin (appointed 20 May 2021)|
||Alan Sillman (appointed 20 May 2021)|
||Natan Tiefenbrun (appointed 20 May 2021)|
||Wendy Skolnick (appointed 19 August 2021)|
||Elliott Goldstein (resigned 12 December 2021)|
|**Company Secretary:**|Benjamin Crowne|
|**Registered Office:**|Shield House|
||Harmony Way|
||London|
||NW4 2BZ|
|**Bankers:**|CAF Bank Limited|
||25 Kings Hill Avenue|
||Kings Hill|
||West Malling|
||Kent|
||ME19 4JQ|
||NatWest Bank Plc|
||125 Great Portland Street|
||London|
||W1A 1GA|
|**Independent Examiner:**|Claire Wills DCha FCA|
||Saffery Champness LLP|
||71 Queen Victoria Street|
||London|
||EC4V 4BE|
|**Company Number:**|03903050|
|**Charity Number:**|1083414|
This report is submitted together with the financial statements prepared in accordance with the accounting regulations of the Charities Act 2011 for the year ended 30 June 2022.
2
**LIMMUD (a company limited by guarantee)**
## **Report of the trustees for the year ended 30 June 2022**
## **Objectives and Activities**
Limmud is a cross-communal learning organisation that enables anyone who is interested to come together, to share their experiences, and to grow and develop their enthusiasm in being Jewish. The objectives for which Limmud is established are exclusively charitable, and are to promote, improve and develop Jewish learning. Limmud aims to reflect the diversity of the Jewish community in the UK and around the world, and creates cross-communal and inter-generational experiences. Limmud’s main activities are:
- Organising Limmud events in the UK - including residential, physical and online formats;
- Developing projects which involve participants around the world such as, the Limmud on One Leg email commentaries, online events and webinars;
- Supporting independent Limmud communities outside the UK via professional co-ordination, volunteer development and training, and shared knowledge and resources; and
- Maintaining the professional and volunteer infrastructure that enables our other activities.
Limmud is run almost entirely by volunteers who work together in teams to create and support these activities. Limmud’s activities are guided by the Limmud promise that “wherever you may find yourself, Limmud will take you one step further on your Jewish journey” and associated values.
## **Achievements and performance**
## **Principal Activities in 2021/22**
Limmud events in 2021/22 were run by around 250 volunteers and had more than 10,000 participants, including:
- Limmud Festival, held online, with more than 3,000 participants;
- Limmud Midlands and Limmud Bristol, our first in-person events since 2019
- Webinars and training sessions including the Limmud Europe Values series
Limmud continues to support and co-ordinate more than 75 independent groups around the world outside the UK, based on the sharing of Limmud’s core values. Some of these groups (for example, in Europe) are directly supported by professional staff employed by Limmud; others are supported by our sister organisations: Limmud Israel, Limmud North America and Limmud FSU.
In the UK, teams leading events were supported with training weekends and structured mentoring and support. Internationally, our major training programme in the year was LEV (“Limmud Europe Values”). In December 2021, volunteers from around the world took part in a dedicated strand of online sessions at Limmud Festival (“Limmud Elements @ Festival”).
## **Structure, Governance and Management**
## **Organisation**
Following an independent structural review in 2020, the UK-focused and Global-focused operations of Limmud were split. In the UK, the new volunteer executive now leads and organises activities and events. Internationally the trustees continued to employ a professional team to support Limmud groups around the world (and particularly in Europe), and to continue collaborative discussions around the establishment of a new global Limmud entity.
## **Governing document**
Limmud is a charitable company limited by guarantee with its Memorandum and Articles of Association lodged at Companies House. The trustees are also the directors of the company. The 2020 structural review made various recommendations in relation to the revision of the Articles and membership structure. Some initial proposals were approved by Members at the 2021 AGM and further activity is expected in the 2022/23 financial year.
3
## **LIMMUD (a company limited by guarantee)**
## **Report of the trustees for the year ended 30 June 2022**
## **Appointment of Trustees (directors)**
The appointment of new trustees is made on an interim basis by the current trustees, and confirmed by members of the company at the AGM. Most Trustees have held senior leadership positions within Limmud over a number of years prior to taking up the position as a trustee.
## **Risk management**
The board regularly reviews the risks to the organisation and ensures that actions are taken to minimise any unacceptably high risks. Such risk assessments are conducted on an organisation-wide basis and by individual event teams. Risks are documented formally in a risk assessment document, with each perceived risk graded in a 'point scoring' system representing a combination of the likelihood and the seriousness of a particular risk. Actions are determined to mitigate identified risks as appropriate.
## **Key management personnel remuneration**
The trustees consider the executive director and deputy director as being the key management personnel for the charity, in terms of running and operating the charity on a day to day basis. All trustees give of their time freely and no trustee remuneration was paid in the year. Details of related party transactions are disclosed in notes 11 and 19 to the accounts.
## **Financial review**
## **Overall performance**
Limmud’s overall movement of funds in the year was a net deficit of £20k (2020/21: surplus of £133k). The deficit in unrestricted funds was £9k (2020/21: surplus of £171k). At 30 June 2022 Limmud’s total reserves were £261k (2021: £281k). The deficit was anticipated and follows two years of substantial surpluses. There was a small deficit in restricted reserves at 30 June 2022 due to the timing of a donation not received until after the year-end.
## **Generated funds**
Voluntary income for the year, which represents grants or donations from private individuals, Limmud participants, Limmud volunteers, foundations, charitable trusts or other charities, was £239k (2020/21: £289k). This comprised £193k of unrestricted funds (2020/21: £231k), and £46k of restricted funds (2020/21: £58k). The trustees consider that the variance from the prior year was primarily due to the timing of donations and grants, rather than an underlying fall in fundraising.
Restricted funds primarily comprised grants from foundations and individual donors relating to specific events and initiatives in the UK; and Limmud’s global activities, including support and training for volunteers (primarily in Europe).
## **Charitable activities**
Limmud Festival 2021 took place entirely online, albeit with a higher cost base than in 2020 due to the use of a dedicated event platform (“Hopin”). Smaller day events were run in-person in the spring and summer of 2022. These events generated an overall deficit of £3k (Festival 2020: surplus of £83k, Festival 2019: deficit of £48k).
Direct expenses relating to global activities rose in the year to £77k (2020/21: £65k), primarily relating to salary costs, support of an in-person gathering in Berlin, and preliminary work for the establishment of an umbrella organsiation for Limmud in Europe. Due to the COVID-19 pandemic Limmud did not organise other in-person gatherings for global volunteers, which continued to take place online.
4
## **LIMMUD (a company limited by guarantee)**
## **Report of the trustees for the year ended 30 June 2022**
Limmud’s support costs in the year totalled £195k (2020/21: £213k) – as in previous years these costs primarily related to employee salaries, consultants and other professional fees.
## **Plans for future years**
Following a return to in-person day events in the financial year 2022, the primary focus of the organisation in the remainder of 2022 was the successful delivery of an in-person and residential Festival 2022.
## **Governance costs**
Governance costs comprise those costs associated with constitutional and statutory requirements, for example the cost of preparing statutory accounts, costs incurred for meetings of the Leadership Forum and professional fees. There were no material identifiable governance costs in the year.
## **Reserves policy**
Limmud’s trustees have reviewed the organisation’s reserves policy so that it reflects the scale of Limmud operations and associated financial commitments. Given the scope of Limmud activities, we have determined that Limmud should hold general reserves equivalent to 3 months operating costs, and an event-specific reserve to cover a potential shortfall in the performance of Festival. At 30 June 2022 these commitments totalled £125k (£50k for operating costs and £75k for a potential deficit on Festival), which Limmud’s reserves were sufficient to meet.
## **Public benefit**
The trustees have considered the Charity Commission’s requirement in respect of public benefit. In their view the charity meets, in full, the criteria to satisfy the test. This trustees’ annual report describes the activities undertaken to further its charitable purposes for the public benefit.
## **Trustees’ Responsibilities Statement**
The trustees (who are also directors of Limmud for purposes of company law) are responsible for preparing the Strategic Report, the Trustees’ Annual 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 which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
5
## **LIMMUD (a company limited by guarantee)**
## **Report of the trustees for the year ended 30 June 2022**
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
This report was approved by the Trustees on 29 March 2023 and signed on their behalf by:
**Carolyn Bogush** Chair, Trustee Board
6
**LIMMUD (a company limited by guarantee)**
## **Independent examiner’s report to the trustees of Limmud (‘the Company’)**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of the Company (and also 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 Company 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 your charity’s accounts as 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.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 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:
1. accounting records were not kept in respect of the Company 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.
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.
Claire Wills, FCA, DChA Saffery Champness LLP 71 Queen Victoria Street, London EC4V 4BE
29 March 2023
7
## **LIMMUD (a company limited by guarantee)**
## **Statement of financial activities (incorporating income and expenditure account) for the year ended 30 June 2022**
|**Income from**
Donations
Other trading activities
4
5
Charitable activities:
Events
**Total incoming resources**
**Expenditure on:**
Raising funds
6
Charitable Activities
Events
International
Volunteer support
7
**Total resources expended**
Net incoming resources before
transfers
9
Net movement in funds in year
**Reconciliation of funds**
Total funds brought forward at 1 July
2021
**Total funds carried forward at 30**
**June 2022**|**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**Total**
**2021**
**Total**
192,984
476
46,225
-
239,209
476
288,653
10,022
85,750
-
85,750 144,501|
|---|---|
||**279,210**
**46,225**
**325,435 443,176**|
||1,331
-
1,331
535
225,700
19,498
41,274
-
57,480
-
225,700
76,978
41,274
209,043
86,308
14,615|
||**287,802**
**57,480**
**345,282 310,501**|
||(8,593)
(11,255)
(19,848) 132,675|
||(8,593)
(11,255)
(19,848) 132,675
273,868
6,734
280,602 147,927|
||**265,275**
**(4,521)**
**260,754 280,602**|
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities. All restricted funds relate to grants for Limmud’s international activities, primarily in Europe.
8
## **LIMMUD (a company limited by guarantee)**
## **Balance sheet as at 30 June 2022**
|**Note**
**Fixed assets**
13
**Current assets**
Debtors
Cash at bank and in hand
14
**Creditors**
Amounts falling due within one year
15
**Net current assets**
**Net assets**
**The funds of the charity**
Restricted income funds
Unrestricted income funds
**Total charity funds**|**30 June**
**2022**
**£**
4,468
3,222
268,940
272,162
(15,876)
256,286
**260,754**
(4,521)
265,275
**260,754**|**30 June**
**2021**
**£**
4,794|
|---|---|---|
|||2,826
293,510|
|||296,336
(20,528)|
|||275,808|
|||**280,602**|
|||6,734
273,868|
|||**280,602**|
For the year ended 30 June 2022 the charitable company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The Trustees have prepared the accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
These financial statements were approved and authorised for issue by the board of trustees on 29 March 2023 and are signed on their behalf by:
## **Carolyn Bogush Chair, Trustee Board**
The notes on pages 11 – 18 form part of these financial statements. Company Registration Number: 03903050
9
**LIMMUD (a company limited by guarantee)**
## **Cash flow statement for the year ended 30 June 2022**
||**2022**||**2021**|
|---|---|---|---|
||**£**||**£**|
|**Cash flows from operating activities:**||||
|Net movement in funds|(19,849)||132,675|
|Investment income|(476)||(11)|
|Depreciation|3,535||4,964|
|(Increase)/Decrease in debtors|(396)||37,110|
|(Decrease) in creditors|(4,652)||(78,403)|
|**Net cash (used in)/generated from operating activities**|**(21,838)**||**96,335**|
|**Cash flows from investing activities:**||||
|Fixed asset additions and disposals|(3,208)||4,126|
|Interest receivable|476||11|
|**Net cash (used in)/generated from investing activities**|**(2,732)**||**4,134**|
|||||
|**Change in cash in the year**|**(24,570)**||**100,472**|
|Cash at the beginning of the year|293,510||193,038|
|**Cash at the end of the year**|**268,940**||**293,510**|
|**Analysis of Changes in Net Debt**||||
||**1 July 2021**|**Cash Flows**|**30 June**
**2022**|
|Cash at bank and in hand|293,510|(24,570)|268,940|
|Creditors|(15,876)|(4,652)|(20,528)|
||27,634|(29,222)|248,412|
10
**LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2022**
## **1. Charitable company information**
Limmud is a private charitable company limited by guarantee, company number 03903050 that is incorporated in England and Wales and domiciled in England. The charitable company’s registered office is Shield House, Harmony Way, London, England, NW4 2BZ.
The principal activity of the charity continued to be the provision of Jewish learning and leadership development events within the UK and also through supporting Limmud communities across the globe.
## **2. Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and the Companies Act 2006. The Charity is a public benefit entity as defined by FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated. The financial statements are presented in Sterling, which is the functional currency of the charity, and are rounded to the nearest £1. The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Charitable Companies accounting policies (see note 3).
## **b) Going concern**
Having assessed the charitable company’s financial position and plans for the foreseeable future the Trustees are satisfied that it remains appropriate to prepare the financial statements on a going concern basis.
## **c) Fixed assets**
Depreciation is provided on all fixed assets to write off the cost over its expected useful life on a straight line basis. The rates used for this purpose are as follows:
Computer and Office equipment: 25% straight line Intangible assets: 25% straight line
## **d) Fund accounting**
General funds are unrestricted funds available for use in furtherance of the objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors.
## **e) Income**
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. Gift Aid is recognised at the point of receipt from HMRC.
11
## **LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2022**
Grants and donations receivable are treated in accordance with their terms and are recognised when the conditions for receipt are complied with. Interest receivable is included on an accruals basis. Deferred income represents amounts received for future years and is released to incoming resources in the year for which it has been received.
## **f) Resources expended**
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charitable company to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the heading.
Costs of generating funds are those costs involved in attracting voluntary income and activities to generate such funds. Charitable activities include expenditure associated with the facilitation of conferences, organisation of meetings and the processing of grants. Governance costs include those incurred in the governance of the charity and its assets.
Support costs represent the costs incurred by staff directly providing support for the facilitation of conferences, meetings and other activities that further the charity’s objects. Support costs that cannot directly be allocated to activity cost categories are then apportioned on a basis consistent with the use of resources.
## **g) Foreign currencies**
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the income and expenditure account.
## **h) Pension contributions**
The charitable company contributes to employees’ money purchase pension arrangements. The assets are held separately from those of the charitable company in independently administered funds. The contributions are charged to the statement of financial activities on a payable basis. The contributions paid are shown in note 18.
- **i) Operating leases**
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
## **j) Cash at bank 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.
## **k) Creditors**
Creditors are measured at transaction price and are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount to settle the obligation can be measured or estimated reliably.
## **l) Financial Instruments**
The Charity has only entered into basic financial instrument transactions resulting in the recognition of financial assets and liabilities like trade and other receivables and payables.
- **m) Taxation**
No provision has been made for corporation tax as the Company is of charitable status.
12
**LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2022**
## **3. Judgements in applying accounting policies and key sources of estimation uncertainty**
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.
## **4. Voluntary income**
|
Limmud legacy charity (see
note 19)
Gift aid on donations
Donations from individuals,
charities and foundations
**Comparatives**
Limmud legacy charity (see
note 19)
Gift aid on donations
Donations from individuals,
charities and foundations|**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**Total**
**2021**
**Total**
9,210
-
9,210
15,426
-
-
-
27,905
183,774
46,225
229,999
245,322|
|---|---|
||192,984
46,225
239,209
288,653|
||**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**2021**
**Total**
**£**
**2020**
**Total**
**£**
15,426
-
15,426
10,500
27,905
-
27,905
-
187,282
58,040
245,322
496,164|
||230,613
58,040
288,653
506,664|
A Gift Aid claim was made subsequent to the year-end, in September 2022
## **5. Activities for generating funds**
|Job Retention Scheme
Merchandising income
Miscellaneous income
Bank interest
**Comparatives**
Job Retention Scheme
Merchandising income
Miscellaneous income|**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**Total**
**2021**
**Total**
-
-
-
9,760
162
-
162
-
219
-
219
251
95
-
95
11|
|---|---|
||476
-
476
10,022|
||**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**2021**
**Total**
**£**
**2020**
**Total**
**£**
9,760
-
9,760
5,417
-
-
-
1,084
251
-
251
30|
||10,011
-
10,011
6,531|
13
## **LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2022**
## **6. Costs of generating funds**
|**2022 Total**
**2021 Total**
Cost of producing merchandisable stock
(including donations in 2020/21 to cover costs incurred in 2019/20)
435
(134)
Fundraising activities
896
669
1,331
535
**Resources expended on charitable activities**
**Direct**
**Costs**
**Support**
**costs**
**2022**
**Total**
**2021**
**Total**
Events
89,219
136,481
225,700
209,043
International
57,480
19,498
76,978
86,308
Volunteer support
2,279
38,995
41,274
14,615
148,978
194,974
343,952
309,966
**Comparatives**
**Direct**
**Costs**
**Direct**
**Salaries**
**Support**
**costs**
**2021**
**Total**
**2020**
**Total**
Festival
25,781
-
156,247
182,028
1,176,667
International
16,905
48,077
21,326
86,308
158,479
Regional activities
3,859
-
23,156
27,015
31,485
Volunteer support
2,088
-
12,527
14,615
696
48,663
48,077
213,256
309,966
1,367,327|**2022 Total**
**2021 Total**
Cost of producing merchandisable stock
(including donations in 2020/21 to cover costs incurred in 2019/20)
435
(134)
Fundraising activities
896
669
1,331
535
**Resources expended on charitable activities**
**Direct**
**Costs**
**Support**
**costs**
**2022**
**Total**
**2021**
**Total**
Events
89,219
136,481
225,700
209,043
International
57,480
19,498
76,978
86,308
Volunteer support
2,279
38,995
41,274
14,615
148,978
194,974
343,952
309,966
**Comparatives**
**Direct**
**Costs**
**Direct**
**Salaries**
**Support**
**costs**
**2021**
**Total**
**2020**
**Total**
Festival
25,781
-
156,247
182,028
1,176,667
International
16,905
48,077
21,326
86,308
158,479
Regional activities
3,859
-
23,156
27,015
31,485
Volunteer support
2,088
-
12,527
14,615
696
48,663
48,077
213,256
309,966
1,367,327|**2022 Total**
**2021 Total**
Cost of producing merchandisable stock
(including donations in 2020/21 to cover costs incurred in 2019/20)
435
(134)
Fundraising activities
896
669
1,331
535
**Resources expended on charitable activities**
**Direct**
**Costs**
**Support**
**costs**
**2022**
**Total**
**2021**
**Total**
Events
89,219
136,481
225,700
209,043
International
57,480
19,498
76,978
86,308
Volunteer support
2,279
38,995
41,274
14,615
148,978
194,974
343,952
309,966
**Comparatives**
**Direct**
**Costs**
**Direct**
**Salaries**
**Support**
**costs**
**2021**
**Total**
**2020**
**Total**
Festival
25,781
-
156,247
182,028
1,176,667
International
16,905
48,077
21,326
86,308
158,479
Regional activities
3,859
-
23,156
27,015
31,485
Volunteer support
2,088
-
12,527
14,615
696
48,663
48,077
213,256
309,966
1,367,327|**2022 Total**
**2021 Total**
435
(134)
896
669|
|---|---|---|---|
||||1,331
535|
||48,663|48,077
213,256
309,966
1,367,327||
## **7. Resources expended on charitable activities**
## **8. Allocation of support costs**
|Office & Admin
Salaries
Professional
Depreciation
Insurance
IT
Governance
Bank charges
**Comparatives**
Salaries
Office & admin costs
Insurance
Information technology
Governance costs
Professional fees
Bank charges
Depreciation|**Festival**
72,526
32,374
6,556
22,791
465
17,337
562
3,637|**Events**
**International**
**Volunteer**
**Support**
**2022**
**Total**
**2021**
**Total**
26,486
3,784
7,568
37,838
44,186
74,216
10,602
21,205
106,023
98,988
9,952
1,422
2,843
14,217
23,662
2,575
368
736
3,679
4,964
6,081
869
1,737
8,687
8,948
15,399
2,200
4,400
21,999
31,106
-
-
-
-
635
1,772
253
506
2,531
767
**136,481**
**19,498**
**38,995**
**194,974**
**213,256**
**International**
**Other**
**Events**
**Volunteer**
**Support**
**2021**
**Total**
**2020**
**Total**
9,899
10,748
5,815
98,988
186,455
4,419
4,798
2,596
44,186
25,606
895
972
526
8,948
10,569
3,111
3,378
1,827
31,106
16,572
64
69
37
635
(284)
2,366
2,569
1,390
23,662
30,030
77
83
45
767
3,498
496
539
292
4,964
6,095|
|---|---|---|
||156,247|21,326
23,156
12,527
213,256
278,541|
Support costs are allocated on a basis consistent with the use of resources.
14
## **LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2022**
## **9. Net (outgoing)/incoming resources**
|This is stated after charging:
Depreciation
Write-off of fixed assets
Auditor remuneration
Operating lease payment
**. Staff costs**
aff costs during the year amounted to:
Salaries and wages
Social security costs
Pension costs
Number of employees during the year:
Charitable activities
Governance|**2022 Total**
3,535
143
9,600
11,985
**2021 Total**
4,964
4,172
8,000
11,250
**2022**
145,665
5,931
2,498
**2021**
135,400
6,170
2,218|
|---|---|
||154,094
143,788|
||3
1
3
1|
||4
4|
## **10. Staff costs**
Staff costs during the year amounted to:
No employee received more than £60,000 in the year or the prior year.
## **11. Trustees expenses and remuneration**
The trustees of the charity received no remuneration (2021: £Nil). Trustee expenses of £199 were reimbursed (2021: £528). Donations totalling £2,490 (2021: £2,616) were made by trustees.
## **12. Key management personnel remuneration**
The charity’s key management personnel was the Deputy Director. Total employment benefits (including employer pension contributions) of key management was £51,500 (2021: £52,354).
## **13. Fixed Assets**
|
**Cost**
At 30 June 2021
Additions
Disposals
**At 30 June 2022**
**Depreciation**
At 30 June 2021
Charge for the year
Disposals
**At 30 June 2022**
**Net book value**
At 30 June 2022
At 30 June 2021|**Computer and**
**Intangibles**
**Total**
**Office equipment**|
|---|---|
||8,031
3,351
(1,140)
12,412
3,351
(1,140)
4,381
-
-|
||**10,242**
**4,381**
**14,623**|
||4,953
2,440
(998)
2,665
1,095
-
7,618
3,535
(998)|
||**3,760**
**10,155**
**6,395**|
||3,847
621
4,468|
|||
||3,078
1,716
4,794|
15
## **LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2022**
## **14. Debtors**
|Other debtors
Prepayments and accrued income
**. Creditors: Amounts falling due within one year**
Trade creditors
Accruals
Taxes and social secuity
Other Creditors|**2022**
**2021**
3,221
2,825
1
1|
|---|---|
||3,222
2,826|
||**2022**
**2021**
5,338
2,394
8,327
13,527
1,703
2,086
508
2,521|
||15,876
20,528|
## **15. Creditors: Amounts falling due within one year**
## **16. Commitments under operating leases**
At 30 June 2022, the Company had future minimum lease payments under non-cancellable operating leases as follows:
|eases as follows:||
|---|---|
|**Land & Buildings**
Not later than 1 year
Later than 1 year and not later than 5 years|**2022**
**2021**
13,075
2,104
-
-|
||13,075
2,104|
Lease payment recognised in the year as an expenses amounted to £11,985 (2021: £11,250).
## **17. Funds**
|**. Funds**||||||
|---|---|---|---|---|---|
||**Balance at**|||**Fund**|**Balance at**|
||**1 July 2021**|**Incoming**|**Outgoing**|**transfers**|**30 June 2022**|
|_Unrestricted Funds_||||||
|General fund|273,868|279,210|(287,802)|-|265,275|
|_Restricted Funds_||||||
|International/European support|6,734|46,225|(57,480)|-|(4,521)|
||280,602|325,435|(345,282)|-|260,754|
|**Name of fund**|**Purpose of fund**|||||
|International/European|To support the furtherance of the||objectives of the charity||in Europe and|
|support|Internationally|||||
All assets relate to the unrestricted General fund. The deficit on the restricted Internation/European support fund is accounted for as an offsetting balance within Limmud’s cash.
## **18. Members’ funds**
The charitable company is limited by guarantee. Each member has paid £1.
## **19** . **Pension Commitments**
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. During the year amounts of £2,498 (2021: £2,218) were charged to the profit and loss and at the balance sheet date £487 (2021: £443) was outstanding.
16
**LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2022**
## **20. Related party transactions**
Limmud ‘the legacy charity’ continues to operate and receives donations. At the year end the net income received was donated to the charitable company in the amount of £9,210 (2021: £15,426). It is the charity’s intention for future years to continue donating the income they receive to the charitable company. There were no other transactions with related parties as required to be disclosed under FRS 102.
## **21. Controlling party**
The charity is controlled by the Board of Trustees.
17
**LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2022**
## **Comparative statement of financial activities (incorporating income and expenditure account) for the year ended 30 June 2021**
|**Income from**
Donations
Other trading activities
Investment income
Charitable activities:
Festival
Other Events
**Total incoming resources**
**Expenditure on:**
Raising funds
Charitable activities:
Festival
International
Regional activities
Volunteer support
**Total resources expended**
Net movement in funds in year
**Reconciliation of funds**
Total funds brought forward at 1 July 2020
**Total funds carried forward at 30 June 2021**|**Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**Total**
**2020**
**Total**
230,613
58,040 288,653
506,664
10,011
-
10,011
6,531
11
-
11
634
109,145
- 109,145
900,344
35,246
110
35,356
47,451
**385,026**
**58,150 443,176 1,461,624**
535
-
535
3,850
172,028
10,000 182,028 1,176,667
-
86,308
86,308
158,479
27,015
-
27,015
31,485
14,615
-
14,615
696
**214,193**
**96,308 310,501 1,371,177**
170,833
(38,158) 132,675
90,447
103,035
44,892 147,927
57,480
**273,868**
**6,734 280,602**
**147,927**|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities. All restricted funds relate to grants for Limmud’s international activities, primarily in Europe.
18