## ## ## |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| ## ||||al
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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.||||||||| ##