##
##
##
|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|
##
|7|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|the value of land|in Florida USA|donated to the Trust which|will|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|