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2022-12-31-accounts

Council of Reference M Goldsmith
L Bowring
C Bowing
SGaukroger
J Lamb
M Greene
J John
RTKendall
R Forster
F Forster
J Steinberg
European Board FVarak (Chair)
D Brickner (Exofficio Board member)
SPerlman
D Sered (Exofficio Board member)
AAbramson (Exofficio Board member)
F Blum (Resigned 22 October 2022)
H Rietveld
R Lorenz
JCooke
AKapocs
K D Passon
P Beresford (Exofficio Board member)
Trustees P Beresford (Chairman)
H Cheatle (Appointed 16December 2022)
AAbramson
G Philip
J Crawford (Secretary)
UK Director BSkvortsow (Appointed 1 June 2022)
Charity number 1110425
Company number 05362994

Registered office P0 Box529
Potters Bar
London
EN6 QHL
Auditor Caladine
Limited
Chantry
House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers 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
Statement ofTrustees' responsibilities
Independent
auditor's		 report
Statement offinancial activities
Statement offinancial position
Statement ofcash flows 10
Notes to the financial statements 11-24

Unrestricted Restncted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes 6 6 6
Ittgmmfntm'
Donations
and gifts		 3 1,243,546 1,243,546 844,721 4,000 848,721
Charitable
activities		 4 2,328 2,328 63 63
Other trading
activities		 33,039 33,039 31,608 31,608
Investments 20,937 9,631 30,568 16,206 8,082 24,288
Sundry income 789 789
Total income 1,299,850 9,631 1,309,481 893,387 12,082 905,469
ExgttgfIIhttttl
Raising funds		 8 54,055 54,055 61,249 61,249
Charitable
activities		 9 913,236 342 913,578 703,532 703,532
Total expenditure 967,291 342 967,633 764,781 764,781
Net gains/(losses)
investments		 on
14		 (114,752) (53,883) (168,635) 61,112 31,049 92,161
Net movement in funds 217,807 (44,594) 173,213 189,718 43,131 232,849
Fund balances at 1 January
2022		 1,115,897 359,178 1,475,075 926,179 316,047 1,242,226
Fund balances at 31
December 2022 1,333,704 314,584 1,648,288 1,115,897 359,178 1,475,075

2022 2021
Notes
Fixed assets
Property,
plant and equipment		 16 8,038 6,910
Investments 16 934,491 1,028,224
942,529 1,035,134
Current assets
Inventories 17 7,923 6,803
Trade and other receivables 18 398,016 120,067
Investments 19 13,282
Cash at bank and in hand 338,611 335,951
744,550 476,103
Current liabilities 20 (38,791) (36,162)
Net current assets 705,759 439,941
Total assets less current liabilities 1,648,288 1,475,075
Income funds
Restricted funds 22 314,584 359,178
~Uggldglg~~d
Designated
funds:
Legacy reserve fund 562,755 259,128
23 562,755 259,128
General unrestdcted funds 770,949 856,769
1,333,704 1,115,897
1,648,288 1,475,075
The financial statements were approved by the Trustees on ..28.09.2623
P Beresfordi(Chairman) J Crawford (Secretary)
Trustee Trustee

2022 2021
Notes 6 f
Cash flows from operating activities
Cash generated
from operations		 28 38,563 114,885
Investing activities
Purchase of property,
plant		 and equipment (4,851) (6,021)
Purchase of investments (72,400) (63,811)
Proceeds on disposal of investments 10,780 31,218
Investment income received 30,568 24,288
Net cash used in investing activities (35,903) (14,326)
Net cash used in financing activities
Net increase
in cash and cash equivalents		 2,660 100,559
Cash and cash equivalents at beginning ofyear 335,951 235,392
Cash and cash equivalents at end of year 338,611 335,951

2022
6		 2021 2021 2021f
Donations and gifts
Donations from individuals 426,014 466,512 466,512
Regular Church support 36,607 35,951 4,000 39,951
Donations at Church meetings 10,887 4,798 4,798
Gift Aid recovered 61,448 63,074 63,074
Jews For Jesus International income 327,266 258,666 258,666
862,222 829,001 4,000 833,001

2022 2021
f
2,328 63

Other trading activities
Unrestricted Unrestricted
funds funds
2022 2021
6
Rental income (Hendon) 33,039 31,608

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
6 6 F 8
Dividends receivable 20,149 9,631 29,780 15,925 8,081 24,006
Interest receivable 788 788 281 1 282
20,937 9,631 30,568 16,206 8,082 24,288

7 Sundry income
Total Unrestricted
funds
2022f 2021
6
Insurance claim 789
8 Raising funds
Raising fu nds
Unrestricted Unrestricted
funds funds
2022 2021f
F
r		 bi
Newsletter and mailings 53,338 46,790
Promotion and advertising 717 11,835
Events 2,624
54,055 61,249

2022 2021
6 5
Staffcosts 406,958 348,105
Depreciation
and impairment		 3,723 4,337
Staff life insurance 410 396
Missionary
travel, accommodation		 and subsistence 54,066 11,566
Product costs (adjusted for stock movements) 6,803
Rent and lease premium 78,162 37,123
Service charge and maintenance 1,492 531
Light, heat, rates and water 4,673 233
Insurance 4,322 4,394
Outside office services 146,336 114,899
Other evangelism
costs		 31,581 2,646
Subscriptions 3,138 1,060
734,861 532,093
Grant funding
ofactivities (see note 10)		 54,185 66,507
Share ofsupport costs (see note 11) 94,277 78,489
Share ofgovernance
costs (see		 note 11) 30,255 26,443
913,578 703,532
Analysis
by fund
Unrestricted
funds		 913,236 703,532
Restricted funds 342
913,578 703,532
10 Grants payable
2022 2021
5 5
Grants to institutions:
Funding
ofJews for Jesus missionaries		 abroad 54,185 66,507

11 Support costs Support
costs		 Governance
costs		 2022 Support
costs		 Governance
costs		 2021
Staff costs 64,024 64,024 51,588 51,588
Printing,
postage and
stationery
Telephone
and internet		 13,646
6,990		 13,646
6,990		 10,655
5,177		 10,655
5,177
Bank and credit card
charges 5,953 5,953 4,057 4,057
Equipment
repairs and
renewals		 254 254 850 850
Support training
Sundry		 2,816
594		 2,816
594		 5,915
247		 5,915
247
Audit fees 3,840 3,840
Legal and professional
Accountancy
and payroll		 8,427
3,588		 8,427
3,588		 6,463
4,420		 6,463
4,420
Independent
examination		 1,160 1,160
Bookkeeping 14,400 14,400 14,400 14,400
94,277 30,255 124,532 78,489 26,443 104,932
Charitable
activities		 94,277 30,255 124,532 78,489 26,443 104,932

Employees
(Continued)
Employment
costs		 2022f 2021
6
Wages and salaries
Social security costs
Other pension costs		 394,218
39,431
37,333		 334,521
33,023
32,149
470,982 399,693

Net gains/( loss es) on i nvestments
Unrestricted Restricted Total Unrestdicted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
6 6 6
Revaluation of
investments (112,250) (53,883) (166,133) 60,322 30,623 90,945
Gain/(loss)
investments		 on sale of (2,502) (2,502) 790 426 1,216
(114,752) (53,883) (168,635) 61,112 31,049 92,161

18 Property,
plant and equipment		 Property,
plant and equipment
Leasehold Computer Office, Total
improvements equipment fixtures and
equipment
Cost
At 1 January 2022 102,412 19,092 22,810 144,314
Additions 4,851 4,851
At 31 December 2022 102,412 23,943 22,810 149,165
Depreciation
and impairment
At 1 January 2022 102,412 13,015 21,977 137,404
Depreciation
charged		 in the year 3,554 169 3,723
At 31 December 2022 102,412 16,569 22,146 141,127
Carrying
amount
At 31 December 2022 7,374 664 8,038
At 31 December 2021 6,077 833 6,910
16 Fixed asset investments
Listed
investmentsf
Cost orvaluation
At 1 January 2022 1,028,224
Additions 72,400
Valuation
changes		 (166,133)
At 31 December 2022 934,491
Carrying
amount
At 31 December 2022 934,491
At 31 December 2021 1,028,224

17 Inventories
2022 2021
E E
Finished goods and goods for resale 7,923 6,803
Stock represents books, CDs and DVDs for resale.
18 Trade and other receivables
2022 2021
Amounts falling due within one year: E E
Other receivables 377,051 91,543
Prepayments 20,965 28,524
398,016 120,067

Current liabilities
2022 2021
Notes E. E
Deferred income 3,013 9,515
Trade payables 4,445 4,244
Other payables 20,323 16,549
Accruals 11,010 5,854
38,791 36,162

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Analysis of net assets between
funds		 Analysis of net assets between
funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
6 f 6 6 6 6
Fund balances are represented by:
Property,
plant and
equipment		 8,038 8,038 6,910 6,910
Investments
Current assets/(liabilities)		 635,169
690,497		 299,322
15,262		 934,491
705,759		 680,020
428,967		 348,204
1,028,224
10,974,439,941
1,333,704 314,584 1,648,288 1,115,897 359,178 1,475,075

2022 2021
6 6
Within one year 44,575 31,000
Between two and five years 23,250
44,575 54,250

2022 2021
8
121,736 33,374
from Jews for Jesus USA at 31 Decem ber 2 ber 2 022 was 81 9,979 (2021:61,324 ).
There
are various
transactions
with		 other Jews for Jesus organisations throughout the
world		 for which
disclosure
is considered
not material.
28 Cash generated
from operations		 2022 2021
8 6
Surplus for the year 173,213 232,849
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (30,568) (24,288)
Loss/(gain)
on disposal ofinvestments		 2,502 (1,216)
Fair value gains and losses on investments 166,133 (90,945)
Depreciation
and impairment
ofproperty,		 plant and equipment 3,723 4,337
Movements
in working
capital:
(Increase)/decrease
in inventodies		 (1,120) 6,803
(Increase)
in trade and other receivables		 (277,949) (15,829)
Increase
in trade and other payables		 9,131 2,017
(Decrease)/increase
in deferred income		 (6,502) 1,157
Cash generated
from operations		 38,563 114,885
28 Analysis ofchanges
in net funds
The trust had no debt during the year.