2021-12-31-accounts - Jews For Jesus

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Council of	Reference	M Goldsmith
		L Bowring
		C Bowing
		SGaukroger
		J Lamb
		M Greene
		JJohn
		R T Kendall
		R Forster
		F Forster
		JSteinberg
European	Board	FVarak		(Chair)
		D Brickner		(Exofficio	Board member)
		SPerlman
		D Sered		(tx oihao	Board member)
		AAbramson		(Exofficio	Board member)
		F Blum
		H Rietveld
		R Lorenz
		J Cooke
		A Kapocs
		K D Passon
		P Beresford		(Exofficio	Board member)
Trustees		P Beresford	(Chairman)
		F Blum
		I Howard
		AAbramson
		G Philip		(Appointed	1 May 2021)
		J Crawford	(Secretary)	(Appointed	1 March 2021)
UK Director		B Skvortsow		(Appointed	1 June 2022)
Charity number		1110425
Company	number	05362994

Registered	office	P0Box529
		Potters Bar
		London
		EN6 9HL
Independent	examiner	'John Caladine		FCCA	CTA FCIE
		Caladine Limited
		Chantp House
		22 Upperton	Road
		Eastbourne
		East Sussex
		BN21 1BF
Bankers		HSBC
		789 High Road
		North Finchley
		London
		N12 BJX
Solicitors		Wellers Law Group LLP
		65 Leadenhall		Street
		London
		EC3A 2AD
Investment	advisors	Epworth investment			Management
		9 Bonhill Street
		London
		EC2A 4PE

			Page
Trustees' report			1-3
Independent	examiner's report
Statement	offinancial	activities
Statement	offinancial	position
Statement	ofcash flows
Notes to the financial		statements	9-22

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
		Notes	2021 f	2021 f	2021f	2020f	2020f	2020f
Income from:
Donations and gifts			844,721	4,000	848,721	780,781		780,781
Charitable activities			63		63	537		537
Other trading activities			31,608		31,608	21,975		21,975
Investments			16,206	8,082	24,288	10,278	4,812	15,090
Sundry income			789		789	25,000		25,000
Total income			893,387	12,082	905,469	838,571	4,812	843,383
~ddl
Raising funds		8	61,249		61,249	46,878		46,878
Charitable activities		9	703,532		703,532	784,296		784,296
Total expenditure			764,781		764,781	831,174		831,174
Net gains/(losses)		on
investments		14	61,112	31,049	92,161	(29,402)	(14,076)	(43,478)
Net movement	in	funds	189,718	43,131	232,849	(22,005)	(9,264)	(31,269)
Fund balances at 1 January
2021			926,179	316,047	1,242,226	948,184	325,311	1,273,495
Fund balances	at	31
December 2021			1,115,897	359,178	1,475,075	926,179	316,047	1,242,226

				2021		2020
			Notes			6
Fixed assets
Property, plant and	equipment		15		6,910		5,226
Investments			16		1,028,224		916,752
					1,035,134		921,978
Current assets
Inventories			17	6,803		13,606
Trade and other receivables			18	120,067		104,238
Investments			19	13,282
Cash at bank and	in	hand		335,951		235,392
				476,103		353,236
Current liabilities			20	(36,162)		(32,988)
Net current assets					439,941		320,248
Total assets less	current liabilities				1,475,075		1,242,226
Income funds
Restricted funds			22		359,178		316,047
Unrestricted funds
Designated funds:
Legacy reserve fund				259,128		233,200
			23	259,128		233,200
General unrestricted		funds		856,769		692,979
					1,115,897		926,179
					1,475,075		1,242,226

					2021		2020
				Notes			6
Cash flows from operating		activities
&;ash generated from/(absorbed operations			by)	28		114,885		(9,597)
investing	activities
Purchase	of property, plant and equipment				(6,021)
Purchase	of investments				(63,811)		(654,668)
Proceeds	on disposal of investments				31,218		643,375
Investment	income received				24,288		15,090
Net cash investing	(used in)/generated activities		from			(14,326)		3,797
Net cash	used in financing	activities
Not increase/(decrease) in		cash and cash
equivalents						100,559		(5,800)
Cash and	cash equivalents at		begmmng	ol year		235,392		241,192
Cash and	cash equivalents		at end ofyear			335,951		235,392

		Unrestricted	Restricted	Total	Unrestncted
		funds	funds		funds
		2021f	2021 F.	2021	2020 6
Donations	and gifts	829,001	4,000	833,001	745,845
Legacies	receivable	1,720		1,720	32,936
Other grants		14,000		14,000	2,000
		844,721	4,000	848,721	780,781

				2021	2021	2021	2020
				E	E	E	E
Donations	and	gifts
Donations	from	individuals		466,512		466,512	454,327
Regular Church		support		35,951	4,000	39,951	39,414
Donations	at Church meetings			4,798		4,798	1,543
Gift Aid recovered				63,074		63,074	63,190
Jews For	Jesus	International	income	258,666		258,666	187,371
				829,001	4,000	833,001	745,845

		2021	2020
		E	E
Sales	ofproducts		537

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			E	E
Rental	income	(Hendon)	31,608	21,975

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
		E	E	E	E	E	F
Dividends	receivable	15,925	8,081	24,006	10,101	4,766	14,867
Interest receivable		281	1	282	177	46	223
		16,206	8,082	24,288	10,278	4,812	15,090

Sundry	income	income
				Unrestricted	Unrestricted
				funds	funds
				2021	2020
				E	E
Government		support	grant		25,000
Insurance	claim			789
				789	25,000

			Unrestdcted	Unrestdcted
			funds	funds
			2021	2020
			E
undreisin	and	ublic'
Newsletter	and	mailings	46,790	46,809
Promotion	and advertising		11,835	69
Events			2,624
Fundraising	and	publicity	61,249	46,878
			61,249	48,878

						2021 8	2020f
	Staff costs					348,105	322,904
	Depreciation and impairment					4,337	4,008
	Staff life insurance					396	350
	Missionary travel, accommodation			and subsistence		11,566	10,416
	Product costs (adjusted		for stock movements)			6,803	306
	Rent and lease premium		(Hendon)			37,123	35,944
	Service charge and maintenance					531	3,047
	Light, heat, rates and	water				233	424
	insurance					4,394	2,823
	Other evangelism costs					2,646	705
	Subscriptions					1,06U	829
						417,194	381,756
	Grant funding ofactivities (see note 10)					66,507	151,1ee
	Share ofsupport costs		(see note	11)		193,388	218,037
	Share ofgovernance	costs (see note 11)				26,443	33,315
						703,532	784,296
	Analysis by fund
	Unrestricted funds					703,532	784,296
10	Grants payable
						2021f	2020f
	Grants to institutions:
	Funding ofJews for	Jesus missionaries			abroad	66,507	151,188

Support c	osts
		Support	Governance	Total	Support costs	Governance	Total
		costs f	costs f	2021	E	costs	2020 f
Staff costs		51,588		51,588	142,408		142,408
Outside office service
provider		114,899		114,899	58,612		58,612
Printing, postage and
stationery		10,655		10,655	7,984		7,984
Telephone	and internet	5,177		5,177	3,896		3,896
Bank and credit card
charges		4,057		4,057	2,487		2,487
Equipment	repairs and
renewals		850		850	510		510
Support training		5,915		5,915	1,825		1,825
Sundry		247		247	315		315
Independent examination			1,160	1,160		960	960
Legal and	professional		6,463	6,463		19,875	19,875
Accountancy and payroll			4,420	4,420		4,080	4,080
Bookkeeping			14,400	14,400		8,400	8,400
		193,388	26,443	219,831	218,037	33,315	251,352
~Adb	I
Charitable	activities	193,388	26,443	219,831	218,037	33,315	251,352

	2021	2020
	Number	Number
Missionaries
Support
Total		10

Employment costs	2021	2020
	F.	8
Wages and salaries	334,521	394,762
Social security costs	33,023	35,339
Other pension costs	32,149	35,211
	399,693	465,312

							2021	2020
							Number	Number
F60,000 —869,999							2	1
Net gains/(losses)		on	investments
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021f	2021 8	2021 8	2020 F	2020 8	2020 F
Revaluation	of
investments			60,322	30,623	90,945	39,689	18,600	58,289
Gain/(loss)	on sale	of
investments			790	426	1,216	(69,091)	(32,676)	(101,767)
			61,112	31,049	92,161	(29,402)	(14,076)	(43,478)

			Leasehold	Computer	Office,	Total
			improvements	equipment	fixtures and
					equipment
				6
	Cost
	At 1 January 2021		102,412	13,918	21,963	138,293
	Additions			5,174	847	6,021
	At 31 December 2021		102,412	19,092	22,810	144,314
	Depreciation and impairment
	At 1 January 2021		102,412	8,692	21,963	133,067
	Depreciation charged	in the year		4,323	14	4,337
	At 31 December 2021		102,412	13,015	21,977	137,404
	Carrying amount
	At 31 December 2021			6,077	833	6,910
	At 31 December 2020			5,226		5,226
18	Fixed asset investments
						Listed
					investments
	Cost or valuation
	At 1 January 2021					916,752
	Additions					63,811
	Valuation changes					90,945
	Disposals					(43,284)
	At 31 December 2021					1,028,224
	Carrying amount
	At 31 December 2021					1,028,224
	At 31 December 2020					916,752

17	Inventories	Inventories
				2021f
	Finished	goods and goods for resale		6,803	13,606
	Stock represents		books, CDs and DVDs for resale.
18	Trade and other		receivables
				2021	2020
	Amounts	falling	due within one year:		F
	Other receivables			91,543	84,613
	Prepayments			28,524	19,625
				120,067	104,238
19	Current	asset investments
				2021	2020
				8
	Unlisted	investments		13,282

	This represents	This represents	donated to the Trust which	be realised by sale in 2022.	be realised by sale in 2022.
20	Current	liabilities
				2021	2020
			Notes
	Deferred	income		9,515	8,358
	Trade payables			4,244	2,884
	Other payables			16,549	14,753
	Accruals			5,854	6,993
				36,162	32,988

				Movement	in funds		Movement	in funds
			Balance at	Income	Revaluation	Balance at	Income	Revaluation	Balance at
		1	January 2020		1	January 2021			31 December
									2021
Old	Building
fund			229,114	3,388	(9,904)	222,598	5,693	21,862	250,153
New	Building
fund			96,197	1,424	(4,172)	93,449	6,389	9,187	109,025
			325,311	4,812	(14,076)	316,047	12,082	31,049	359,178

			Movement	in funds		Movement	in funds
	1	Balance at Januaqr 2020	Incoming resources	Investments gains/losses1	Balance at January 2021	Incoming resources	Investments gains/losses	Balance at 31 December
								2021
Legacy
reserve		238,920	2,966	(8,686)	233,200	6,568	19,360	259,128

Analysis	of net assets between funds	of net assets between funds
	Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
		6	6	6	6	8
Fund balances are represented		by:
Property, equipment	plant and	6,910		6,910	5,226		5,226
Investments		680,020	348,204	1,028,224	609,307	307,445	916,752
Current assets/(liabilities)		428,967	10,974	439,941	311,646	8,602	320,248
		1,115,897	359,178	1,475,075	926,179	316,047	1,242,226

	2021	2020
	6	6
Within one year	31,000	31,000
Between two and five years	23,250	54,250
	54,250	85,250

						2021	2020
						6	6
	Aggregate compensation						65,152
	The role ofthe UK acting director ofoperations is	unremunerated.
	The trust is effectively controlled by the Trustees in liason oversight ofJews for Jesus USA (a non profit organisation,		with the European US charter number			Board subject to the ultimate 00689209).
	Donations to UK missionaries from the USA are sent to Jews			for Jesus UK	and	vice versa. The balance owed
	from Jews for Jesus USA at 31 December 2021 was F1,324 (2020:f4,025				was	owed to Jews for Jesus US).
	There are vadious transactions with other Jews disclosure is considered not material.	for Jesus		organisations	throughout the world		for which
28	Cash generated from operations					2021f	2020 5
	Surplus/(deficit) for the year					232,849	(31,269)
	Adjustments for:
	Investment income recognised in statement offinancial activities					(24,288)	(15,090)
	(Gain)/loss on disposal of investments Fair value gains and losses on investments Depreciation and impairment of property, plant and	equipment				(1,216) (90,945) 4,337	101,767 (58,289) 4,008
	Movements in working capital:
	Decrease in inventories					6,803	305
	(Increase) in trade and other receivables Increase/(decrease) in trade and other payables Increase in deferred income					(15,829) 2,017 1,157	(6,024) (13,363) 8,358
	Cash generated from/(absorbed by) operations					114,885	(9,597)
29	Analysis ofchanges in net funds
	The trust had no debt during the year.

Changes to the st	atement offinancial	position	position
		At 31 December 2019
		As previously
		reported	Adjustment	As restated
Current assets
Debtors due within	one year		42,222	98,213
Capital funds
Restncted funds		325,311		325,311
Unrestricted funds		905.962	42.222	948,184
		1 231.273	42.222	1.273,415
		At 31December 2020
		As previously
		reported	Adjustment	As restated
Current assets
Debtors due within	one year	47,146	57.092	104,238
Capital funds
Restncted funds		316,047		316,047
Unrestricted funds		869,087	57,092	926,179
		1,185,134	57,092	1,242,226