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|Council of|Reference|M Goldsmith||
|---|---|---|---|
|||L Bowring||
|||R Gidoomal||
|||LSinglehurst||
|||SGauluoger||
|||JEdwards||
|||JLamb||
|||M Greene||
|||JJohn||
|||G Goatee||
|||R TKendall||
|European|Board|FVarak||
|||D Brickner||
|||SPerlman||
|||DSered||
|||AAbramson||
|||KJPeat||
|||FBlum||
|||H Rietveld||
|||RLorenz||
|||JCooke||
|||AKapocs||
|||KD Passen||
|Trustees||P Berasford||
|||F Blum||
|||KJPeat||
|||I Howard|(APPointed 24April 2020)|
|||AAbramson|(Appointed 23 July 2020)|
|UK Director||R Harvey||
|Charity number||1110425||
|Company|number|05362994||
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|Registered|office|P0Box529||||
|---|---|---|---|---|---|
|||Potters Bsr||||
|||London||||
|||EN6 9HL||||
|Independent|examiner|John Caladine||FCCA CTA FCIE||
|||Caladine
Limited||||
|||Chantry
House||||
|||22 Upperton|Road|||
|||Eastboume||||
|||East Sussex||||
|||BN21 1BF||||
|Bankem||HSBC||||
|||789 High Road||||
|||North Finchley||||
|||London||||
|||N12 8JX||||
|Solicitors||Wellers Law|Group LLP|||
|||65 Leadenhall||Street||
|||London||||
|||EC3A 2AD||||
|Investment|advisors|Epworth
Investment|||Management|
|||9 Bonhill Street||||
|||London||||
|||EC2A4PE||||
##
||||Page|
|---|---|---|---|
|Trustees'|report||1-3|
|Independent
examiner's
report||||
|Statement|offinancial|activities||
|Statement|offinancial|position|6-7|
|Statement|ofcash flows|||
|Notes to|the financial|statements|9-22|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2020|2020|2020|2019|2019|2019|
||||Notes|6|6|8|6|6||
|tuggmfmtm||||||||||
|Donations and gifts||||765,911||765,911|655,379||655,379|
|Charitable
acfivities||||537||537|6,960||6,960|
|Other trading activities||||21,975||21,975||||
|Investments||||10,278|4,812|15,090|16,870|7,953|24,823|
|Sundry income||||25,000||25,000||||
|Total income||||823,701|4,812|828,513|679,209|7,953|687,162|
|Raising funds|||8|46,878||46,878|37,150||37,150|
|Charitable
activities||||784,296||784,296|657,044||657,044|
|Total resources||||||||||
|expended||||831,174||831,174|694,194||694,194|
|Net gains/(losses)||on||||||||
|investments|||14|(29,402)|(14,076)|(43,478)|68,179|33,611|101,790|
|Net movement|ln|funds||(36,875)|(9,264)|(46,139)|53,194|41,564|94,758|
|Fund balances at 1||||||||||
|January 2020||||905,962|325,311|1,231,273|852,768|283,747|1,136,515|
|Fund balances|at|31||||||||
|December 2020||||869,087|316,047|1,185,134|905,962|325,311|1,231,273|
##
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||||2020||2019||
|---|---|---|---|---|---|---|
|||Notes|6||6||
|Fixed assets|||||||
|Property,
plant and equipment
Investments||15
16||5,226
916,752||9,234
948,938|
|||||921,978||958,172|
|Current assets|||||||
|Inventories||17|13,806||13,911||
|Trade and other receivables||18|47,148||55,991||
|Cash at bank and in|hand||235,392||241,192||
||||298,144||311,094||
|Current liabilities||19|(32,988)||(37,993)||
|Net current assets||||263,156||273,101|
|Total assets less current liabilities||||1,185,134||1,231,273|
|Income funds|||||||
|Restricted funds||21||316,047||325,311|
|LlOfttBIdgtfttUggtIB|||||||
|Designated
funds:|||||||
|Legacy reserve fund|||233,200||238,920||
|||22|233,200||238,920||
|General unrestricted|funds||635,887||667,042||
|||||869,087||905,962|
|||||1,185,134||1,231,273|
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|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Notes|||6||
|Cash flows from operating
activities
Cash absorbed
by operations|||27||(9,597)||(24,718)|
|Investing|activities|||||||
|Purchase|of property,
plant and equipment|||||(10,823)||
|Purchase|of inveshnents|||(654,668)||(974,303)||
|Proceeds|on disposal of investments|||643,375||980,776||
|Investment|income received|||15,090||24,823||
|Net cash
activities|generated
from investing||||3,797||20,473|
|Net cash|used in financing|activities||||||
|Net decrease in cash and||cash equivalents|||(5,800)||(4,245)|
|Cash and|cash equivalents|at beginning|ofyear||241,192||245,437|
|Cash and|cash equivalents|at end ofyear|||235,392||241,192|
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|Donations|and giga (Continu|ed)|||
|---|---|---|---|---|
||||2020|2019|
|||||F|
|Donations|and giga||||
|Donations|from individuals||454,327|457,039|
|Regular Church support|||39,414|48,800|
|Donations|at Church meetings||1,543|12,478|
|Gift Aid recovered|||48,320|44,853|
|Jews For|Jesus International|income|187,371|62,252|
||||730,975|625,422|
##
|4|Charitable|activities|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||||||||8||
||Sales ofproducts||||||537|6,960|
|5|Other trading activities||||||||
|||||||Unrestricted||Total|
||||||||funds||
||||||||2020|2019|
||||||||6|F|
||Rental income||||||21,975||
|6|Investments||||||||
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||2020
6|2020
6|2020
6|2019
f|2019
6|2019
6|
||Dividends|receivable|10,101|4,766|14,867|16,041|7,914|23,955|
||Interest receivable||177|46|223|829|39|868|
||||10,278|4,812|15,090|16,870|7,953|24,823|
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|7|Sundry income|Sundry income|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds||
||||2020|2019|
||||2|2|
||Government|support grant|25,000||
|8|Raising funds||||
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2020|2019|
||Newsletter|and mailings|46,809|32,467|
||Promotion|and advertising|69|26|
||Events|||387|
||Staffcosts|||4,270|
||Fundraising|and publicity|46.878|37,150|
||||46,878|37,150|
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|||||2020f|2019f|
|---|---|---|---|---|---|
||Staff costs|||322,904|180,451|
||Depreciation
and impairment
Staff life insurance|||4,008
350|5,982
392|
||Missionary
travel, accommodation
Product costs (adjusted for stock
Rent and lease premium|and subsistence
movements)||10,416
306
35,944|32,881
3,771
34,812|
||Service charge and maintenance
Light, heat, rates and water
Insurance|||3,047
424
2,823|6,794
4,275
3,181|
||Other evangelism
costs
Subscdptions|||705
829|5,179
1,289|
|||||381,756|278,987|
||Grant funding
ofactivities (see note 10)|||151,188|157,049|
||Share ofsupport costs (see note
Share ofgovernance
costs (see|11)
note 11)||218,037
33,315|200,789
20,219|
|||||784,296|857,044|
||Analysis
by fund
Unrestricted
funds|||784,296|657,044|
|10|Grants payable|||||
|||||2020f|2019f|
||Grants to institutions:|||||
||Funding
ofJews for Jesus missionaries||abroad|151,188|157,009|
||Grants to individuals||||40|
|||||151,188|157,049|
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|11|Support costs||||||||
|---|---|---|---|---|---|---|---|---|
|||Support|Governance||Total|Support|Governance|Total|
|||costa|costs||2020|costs|costs|2019|
|||8||6|E|E|||
||Staffcosts|142,408|||142,408|127,331||127,331|
||Outside ofhce service||||||||
||provider|58,612|||58,612|50,591||50,591|
||Printing,
postage and||||||||
||stationery|7,984|||7,984|5,889||5,889|
||Telephone
and internet|3,896|||3,896|5,314||5,314|
||Bank and credit card||||||||
||charges|2,487|||2,487|4,331||4,331|
||Equipment
repairs and||||||||
||renewals|510|||510|1,264||1,284|
||Supporttraining|1,825|||1,825|3,323||3,323|
||Sundry|315|||315|1,673||1,673|
||Consultancy|||||1,073||1,073|
||Independent||||||||
||Examination
(2019||||||||
||Audit)||960||960||2,400|2,400|
||Legal and professional||19,875||19,875||12,455|12,455|
||Accountancy
and payroll||4,080||4,080||5,364|5,364|
||Bookkeeping||8,400||8,400||||
|||218,037|33,315||251,352|200,789|20,219|221,008|
||Charitable
activities|218,037|33,315||251,352|200,789|20,219|221,008|
##
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|13|Employees|(Continued)|||
|---|---|---|---|---|
||Employment|costs|2020
9|2019|
||Wages and|salaries|394,762|261,997|
||Social security costs||35,339|24,870|
||Other pension costs||35,211|25,185|
||||465,312|312,052|
||The number|ofemp|loye|es
whose annual|remuneration
|was F60,000|or more were|:||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
|||||||||Number|Number|
||660,000 - E69,999|||||||1||
|14|Net gains/(losses)||on|Investments||||||
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||||funds|funds||funds|funds||
|||||2020|2020|2020|2019|2019|2019|
|||||6||6|5|6|5|
||Revaluation|of||||||||
||investments|||39,689|18,600|58,289|28,422|14,163|42,585|
||Gain/(loss)
investments|on sale|of|(69,091)|(32,576)|(101.767)|39,757|19,448|59205|
|||||(29,402)|(14,076)|(43.478)|68,179|33,611|101,790|
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|15|Properly,
plant and equipment|Properly,
plant and equipment|||||
|---|---|---|---|---|---|---|
||||Leasehold|Computer|ONce,|Total|
||||Improvements|equipment|fixtures and||
||||||equipment||
|||||K|6||
||Cost||||||
||At 1 January 2020||102,412|13,918|21,983|138,293|
||At 31 December 2020||102,412|13,918|21,963|138,293|
||Depreciation
and impairment||||||
||At 1 January 2020||102,412|4,684|21,963|129,059|
||Depreciation
charged|in the year||4,008||4,008|
||At 31 December 2020||102,412|8,692|21,983|133,067|
||Carrying
amount||||||
||At 31 December 2020|||5,226||5,226|
||At 31 December 2019|||9,234||9,234|
|16|Fixed asset investments||||||
|||||||Listed|
||||||investments||
|||||||6|
||Cost orvaluation||||||
||At 1 January 2020|||||948,938|
||Additions|||||654,eee|
||Veluation changes|||||58,288|
||Disposals|||||(745,142)|
||At 31 December 2020|||||916,752|
||Carrying
amount||||||
||At 31 December 2020|||||916,752|
||At 31 December 2019|||||948,938|
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|17|Inventories|||||
|---|---|---|---|---|---|
|||||2020|2019|
|||||6|6|
||Finished goods and goods for resale|||13,606|13,911|
||Stock represents|books, CDs and DVDs for resale.||||
|18|Trade and other|mceivables||||
|||||2020|2019|
||Amounts
falfing|due within one year:||6|6|
||Other receivables|||27,521|32,400|
||Prepayments
and|accrued income||19,625|23,591|
|||||47,146|55,991|
|19|Current liablgtles|||2020|2019|
||||Notes|6|F|
||Other taxation and social security||||11,263|
||Deferred income|||8,358||
||Trade payables
Other payables
Accruals|||2,884
14,753
6,993|1,895
16,164
8,671|
|||||32,988|37,993|
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|||||Movement|in funds||Movement|in funds||
|---|---|---|---|---|---|---|---|---|---|
||||Balance at|Income|Revaluation|Balance at|Income|Revaluation|Balance at|
|||1|January 2010|||1January 2020|||31December|
||||||||||2020|
||||||||f|6|8|
|Old|Building|||||||||
|fund|||199,828|5,602|23,684|229,114|3,388|(9,904)|222,598|
|New|Building|||||||||
|fund|||83,919|2,351|9,927|96,197|1,424|(4,172)|93,449|
||||283,747|7,953|33,611|325,311|4,812|(14,076)|316,047|
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|Analysis|ofnet as|sets between funds|sets between funds||||||
|---|---|---|---|---|---|---|---|---|
|||Unrestricted||Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||2020|2020|2020|2019|2019|2019|
||||8|8|8|8|8|E|
|Fund balances are||represented|by:||||||
|Properly,|plant and||||||||
|equipment|||5,226||5,226|9,234||9,234|
|Investments|||609,307|307,445|916,752|633,072|315,866|948,938|
|Current assetsl|||||||||
|(liabilities)|||254,554|8,602|263,156|263,658|9,445|273,101|
||||869,087|316,047|1,185,134|905,962|325,311|1,231,273|
##
||2020|2019|
|---|---|---|
||8|6|
|Within one year|31,000|31,000|
|Between two and five years|85,250|116,250|
||116,250|147,250|
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|||2020|2019|
|---|---|---|---|
|||8|8|
|Aggregate|compensation|65,152|63,588|
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||There sre various
transactions
with othe
disdosure
is considered
not material.|r Jews for J|esus organisations|throughout
the world|for which|
|---|---|---|---|---|---|
|27|Cash generated
from operations|||2020
6|2019
8|
||(Deficit)/surplus
for the year|||(48,139)|94,758|
||Adjustments
for:|||||
||Investment
income recognised
in statement cffinsncial||activities|(15,090)|(24,823)|
||Loss/(gain)
on disposal ofinvestments|||101,787|(59,205)|
||Fair value gains and losses on investments|||(58,289)|(42,585)|
||Depreciation
and impairment
of property,|plant and equipment||4,008|5,962|
||Movements
in working capital:|||||
||Decrease
in inventories|||305|2,348|
||Decrease/(increase)
in trade and other receivables|||8,848|(3,997)|
||(Decrease)/increase
in trade and other payables|||(13,363)|2,824|
||Increase
in deferred income|||8,358||
||Cash absorbed
by operations|||(9,597)|(24,718)|
|28|Analysis ofchanges
in net funds|||||
||The trust had no debt during the year.|||||