2021-12-31-accounts

Trustees	RafiAddlestone
	Neil Blair
	AmyDorfman
	TammyEinav
	DeniseJoseph
	CliveKahn
	DavidKershaw
	CaryKochberg
	MichaelMarx
	MarcNohr(Chair)
	KatyOstro
	ClaudiaRosencrantz
	JonathanSimmons
	JosephCohen
CharityNumber	1117644
CompanyNumber	05679146
PrincipalAddressandRegisteredOffice	341-351FinchleyRoad
	London
	NW36ET
ChiefExecutiveOfficer	RaymondSimonson
IndependentAuditors	SafferyChampnessLLP
	71QueenVictoriaStreet
	London
	EC4V4BE
Bankers	LloydsBankplc
	39ThreadneedleStreet
	London
	EC2R8AU

	Page
Trustees’Report	1-22
IndependentAuditors’Report	23-26
GroupStatementofFinancialActivities	27
GroupandCharityBalanceSheets	28
GroupStatementofCashFlows	29
NotestotheFinancialStatements	30-46

		Numberof	2021
Exam	Results	students	PassRate
GCSE
e	English
eo	Maths
VocationalBtec		25	98%
Qualifications
e	HairandBeauty
oe	PT
e	BusinessStudies
e	Homecooking
FunctionalSkills		19	100%
eo	English
e	Maths

RaymondSimonson	ChiefExecutive
SamSanders	ChiefOperatingOfficer
ZoeSteel	DirectorofMarketingandSales
AdamDaniels	FinanceDirector	Resigned February2021
GaryCohen	InterimFinanceDirector	February2021— May2022
HugoMcNestry	InterimFinanceDirector	AppointedMay2022
SharonBlackstone	FundraisingDirector	ResignedFebruary2022
RachelGrunwald	DirectorofProgramming	ResignedOctober2021
WilliamGalinsky	DirectorofProgramming	AppointedJanuary2022

14 September 2022

		Unrestricted		Unrestricted
		Funds		Funds		Restricted
	Note	General		Designated		Funds		Total2021		Total2020
		£		£		£		£		£
Incomefrom:
Donations:
JW3DevelopmentGrant		1,973,815		6,750		322,621		2,303,186		2,445,699
DonatedGoods	14		-		-	107,800		107,800			-
Tradingactivities		721,804			-		-	721,804		1,140,905
Charitableactivities		483,244			-		-	483,244		446,321
Investments(bankinterest)		173			-		-	173		3,479
Otherincome			-		-		-		-	41,639
Totalincome		3,179,036		6,750		430,421		3,616,207		4,078,043
Expenditureon:
Tradingactivities		220,796			-		-	220,796		710,369
Charitableactivities		2,725,455		178,804		445,616		3,349,875		2,968,452
Totalexpenditure		2,946,251		178,804		445,616		3,570,671		3,678,821
Netincome/(expenditure) beforetransfers		232,785		(172,054)		(15,195)		45,536		399,222
Grosstransfersbetween funds	16	5,000			-	(5,000)			-		-
Netincome/(expenditure)
fortheyear/netmovement		237,785		(172,054)		(20,195)		45,536		399,222
infunds
Fundbalancesat1 January		3,141,117		31,416,522		39,442		34,597,081		34,197,859
Fundbalancesat31 December		3,378,902		31,244,468		19,247		34,642,617		34,597,081

					Charity
		2021	2020		2021	2020
	Note	£	£		£	£
Fixedassets
Tangibleassets	10	31,413,300	31,599,619		31,283,236	31,460,057
Investments	11	o-		-	250,001	500,001
		31,413,300	31,599,619		31,533,237	31,960,058
CurrentAssets
Stock	12	5,400	10,007		-		;
Debtors	13	1,881,245	1,090,726		2,780,982	2,430,381
Cashatbankandinhand		1,837,486	2,262,019		1,530,904	1,683,718
		3,724,131	3,362,752		4,311,886	4,114,099
Creditors:amountsfalling duewithinoneyear	14	(494,814)	(365,290)		(139,839)	(160,427)
Netcurrentassets		3,229,317	2,997,462		4,172,047	3,953,672
Totalassetslesscurrent liabilities		34,642,617	34,597,081		35,705,284	35,913,730
IncomeFunds
RestrictedFunds	16	19,247	39,442		19,247	39,442
UnrestrictedFunds
Designatedfunds	17	31,244,468	31,416,522		31,244,468	31,416,522
Generalunrestrictedfunds	18	3,378,902	3,141,117		4,441,569	4,457,766
		34,623,370	34,557,639		35,686,037	35,874,288
		34,642,617	34,597,081		35,705,284	35,913,730

			2021			2020
	Note				£		£
Cashflowsusedin/fromoperating
activities Cashprovidedbyoperations	21			(369,881)			442,392
Cashflowsfrom
Investingactivities
Purchaseoftangiblefixedassets Interestreceived		(54,825) 173			(116,518) 3,479
Netcashusedininvestingactivities				(54,652)			(113,039)
Netincreaseincashandcash				(424,533)			329,353
equivalents
Cashandcashequivalentsat beginningofyear				2,262,019			1,932,666
Cashandcashequivalentsatendof year				1,837,486			2,262,019

4	OtherIncome
		2021		2020
		£		£
	ManagementrechargetoJW3Development		-	41,264
	Otherincome		-	375
			-	41,639
5	ExpenditureonTradingActivities
		2021		2020
		£		£
	Tradingcostofsales	166,639		120,153
	Staffcosts	36,551		537,607
	Depreciation	17,606		52,609
		220,796		710,369

CharitableActivities-2021
	Direct		Support			Governance		2021
	costs		costs			costs
	£		£			£		£
Staffcosts	969,719		533,057				-	1,502,776
Depreciation	184,910				-		-	184,910
Generalcharitableexpenditure	562,053		187,280				-	749,333
Premisescosts	745,837				-		-	745,837
Distributionofdonatedgoods	107,800				-		-	107,800
Legal,professionalandauditfees		-				59,219		59,219
	2,570,319		720,337			59,219		3,349,875
CharitableActivities- 2020
	Direct		Support			Governance		2020
	costs		costs			costs
	£		£			£		£
Staffcosts Depreciation	942,379 285,893		427,453	-		- -		1,369,832 285,893
Generalcharitableexpenditure Premisescosts	425,342 712,859		116,851	-		- -		542,193 712,859
Legal,professionalandauditfees	-			-		57,675		57,675
	2,366,473		544,304			57,675		2,968,452

			2021	2020
8	Employees		number	number
	Theaveragemonthlynumberof	employeesofJW3groupduring
	theyearwas:
	Boxoffice		8	9
	Restaurant,caféandvenuehire		1	14
	Marketing		6	6
	Programmingandproduction		16	17
	Operations		4	3
	Cinema		2	2
	Administration	:	8	8
	Total		45	59
	EmploymentCosts		2021	2020
			£	£
	Wagesandsalaries		1,366,679	1,722,680
	Socialsecuritycosts		126,487	142,486
	Otherpensioncosts		37,401	42,271
			1,530,567	1,907,437

Thenumberofemployeeswhoseannualremunerationwas	2021	2020
£60,000ormorewere:	number	number
£70,000- £79,999	1	1
£100,000- £109,999	2	2

Netin	come/(expenditure)isstatedaftercharging:
		2021	2020
		£	£
Auditors’remuneration:
-	Fortheauditoftheparentcharityandgroup	12,800	12,644
-	Fortheauditofthesubsidiaryentities	18,500	21,766
-	Taxservices	2,675	2,575
Depreciation		241,144	338,502

Group
	Freehold	Fixtures,	Total
	landand	fittingsand
	buildings	equipment
	£	£	£
Cost		.
At1 January2021	32,853,925	914,119	33,768,044
Additions	6,750	48,075	54,825
At31December2021	32,860,675	962,194	33,822,869
Depreciationandimpairment
At1 January2021	1,437,403	731,022	2,168,425
Depreciationchargedintheyear	178,804	62,340	241,144
At31December2021	1,616,207	793,362	2,409,569
Netbookvalue
At31December2021	31,244,468	168,832	31,413,300
At31December2020	31,416,522	183,097	31,599,619

	Charity
		Freeholdland	Fixtures,	Total
		andbuildings	fittingsand
			equipment
		£	£	£
	Cost
	At1 January2021	32,853,925	583,345	33,437,270
	Additions	6,750	1,340	8,090
	At 31December2021	32,860,675	584,685	33,445,360
	Depreciationandimpairment
	At1 January2021	1,437,403	539,810	1,977,213
	Depreciationchargedinthe	178,804	6,107	184,911
	year
	At31December2021	1,616,207	545,917	2,162,124
	Netbookvalue
	At31December2021	31,244,468	38,768	31,283,236
	At31December2020	31,416,522	43,535	31,460,057
11	FixedAssetInvestments		2021	2020
			£	£
	Charityonly
	Investmentsinsubsidiaries		250,001	500,001

Detailsofthecharity’ssubsidiariesat31December2021areasfollows:	Detailsofthecharity’ssubsidiariesat31December2021areasfollows:	Detailsofthecharity’ssubsidiariesat31December2021areasfollows:	Detailsofthecharity’ssubsidiariesat31December2021areasfollows:
Nameof	Countryof		Classof
undertaking	incorporation	Natureofbusiness	share	%helddirectly
Hampstead	UnitedKingdom	Headlesseeof	Ordinary	100
Slope		residentialflats
Developments
Ltd(HSDLtd),
cono07686348
JW3Trading	UnitedKingdom	OperationofJW3	Ordinary	100
Ltd,cono		CommunityCentre
07686352

		JW3	TradingLtd			HSDLtd
		2021	2020		2021	2020
		£	£		£	£
	Profitandlossaccount
	Turnover	3,588,841	3,520,207		4900	4,900
	Expenditure	(3,584,983)	(3,681,168)		(4,777)	(4,593)
	(Loss)/profitbeforetaxation	3,858	(160,961)		123	307
	Taxation			-			-
	(Loss)/profitforthefinancial
	year	3,858	(160,961)		123	307
	Shareholder’sfundsat1 January
	2021	(818,212)	(657,251)		1,564	1,257
	Shareholder’sfundsat31
	December2021	(814,354)	(818,212)		1,687	1,564
12	Stock
					2021	2020
					£	£
	Foodandbarstock				5,400	10,007

Debtors:amountsfallingduewi	thinoneyear
	Group			Charity
	2021	2020		2021	2020
	£	£		£	£
Tradedebtors	215,020	112,113		176,486	69,195
Amountsduefromgroup
undertakings	-		-	1,064,133	2,022,307
Amountsduefromconnected
charity	1,540,363	930,331		1,540,363	308,900
Other debtors	50,958	23,559		-	22,518
Prepaymentsandaccrued
income	74,904	24,723		-	7,461
	1,881,245	1,090,726		2,780,982	2,430,381

creditors:amountsfallingduew	ithinoneyear
	Group					Charity
	2021	2020		2021			2020
	£	£		£			£
Tradecreditors	124,037	72,857		4,739			31,701
Amountsduetogroup
undertakings	-		-		-		1,570
Taxationandsocialsecurity	32,845	30,985		39,212				-
Othercreditors	32,714	21,687			-			-
Accruals	149,283	92,190		11,500			44,305
Deferredincome	155,935	147,571		84,388			82,851
	494,814	365,290		139,839			160,427

					MovementinFunds2021	MovementinFunds2021	MovementinFunds2021
	Balanceat			1	Incoming	Resources	Transfers		Balanceat
	Jan	2021			Resources	Expended			31Dec	2021
		£			£	£	£		£
Programming
andActivities		21,848			290,469	(291,037)	(5,000)		16,280
Buildingand
Operations		17,594			32,152	(46,779)		-		2,967
Donated
Goods				-	107,800	(107,800)		-			-
	39,442				430,421	(445,616)	(5,000)		19,247
					MovementinFunds2020
	Balanceat		1		Incoming	Resources	Transfers		Balanceat
	Jan2020				Resources	Expended			31Dec	2020
	£				£	£	£		£
Programming
andActivities	30,221				379,556	(382,929)	(5,000)		21,848
Buildingand
Operations			-		50,000	(32,406)	-		17,594
	30,221				429,556	(415,335)	(5,000)		39,442

				MovementinFunds2021	MovementinFunds2021	MovementinFunds2021
	Balanceat	Incoming				Resources		Balanceat
	1Jan2021	Resources				Expended	Transfers	31Dec2021
	£	£				£	£	£
Fixedasset
fund	31,416,522		6,750			(178,804)	-	31,244,468
	31,416,522		6,750			(178,804)	-	31,244,468
					MovementinFunds2020
	Balanceat	Incoming				Resources		Balanceat
	1Jan2020	Resources				Expended	Transfers	31Dec2020
	£	£				£	£	£
Fixedasset
fund	31,906,269		1,029			(278,302)	(212,474)	31,416,522
	31,906,269		1,029			(278,302)	(212,474)	31,416,522
hevalueattheyear-endisequaltothe			net		bookvalueoflandandbuildings.
GeneralUnrestrictedFunds- Group
Theincomefundsofthegroupinclude				the	followinggeneralunrestrictedfunds:
				MovementinFunds- 2021
	Balanceat	Incoming				Resources	Transfers	Balanceat
	1Jan2021	Resources				Expended		31Dec
								2021
	£	£				£	£	£
Funds	3,141,117	3,286,836				(3,054,051)	5,000	3,378,902
	3,141,117	3,286,836				(3,054,051)	5,000	3,378,902
			MovementinFunds- 2020
	Balanceat	Incoming				Resources	Transfers	Balanceat
	1Jan2020	Resources				Expended		31Dec
								2020
	£	£				£	£	£
Funds	2,261,369	3,647,458				(2,985,184)	217,474	3,141,117
	2,261,369	3,647,458				(2,985,184)	217,474	3,141,117

			MovementinFunds	-2021
	Balanceat	Incoming	Resources	Transfers	Balanceat
	1Jan2021	Resources	Expended		31Dec2021
	£	£	£	£	£
Funds	4,457,766	2,624,346	(2,645,543)	5,000	4,441,569
	4,457,766	2,624,346	(2,645,543)	5,000	4,441,569
		MovementinFunds- 2020
	Balanceat	Incoming	Resources	Transfers	Balanceat31
	1Jan2020	Resources	Expended		Dec2020
	£	£	£	£	£
Funds	3,417,364	2,685,196	(1,862,268)	217,474	4,457,766
	3,417,364	2,685,196	(1,862,268)	217,474	4,457,766

Group
	General	Designated	Restricted		Total
	Unrestricted	funds	funds
	funds
	£	£	£		£
Fundbalancesat31
December2021are
representedby:
Tangibleassets	168,832	31,244,468		-	31,413,300
Currentassets	3,210,070		19,247		3,229,317
	3,378,902	31,244,468	19,247		34,642,617
Fundbalancesat31
December2020are
representedby:
Tangibleassets	183,097	31,416,522		-	31,599,619
Currentassets	2,958,020	-	39,442		2,997,462
	3,141,117	31,416,522	39,442		34,597,081

Charity
	General	Designated		Restricted		Total
	Unrestricted	funds		funds
	funds
	£	£		£		£
Fundbalancesat31
December2021are
representedby:
Tangibleassets	38,768	31,244,468			-	31,283,236
Investments	250,001		-		-	250,001
Currentassets	4,152,800		-	19,247		4,172,047
	4,441,569	31,244,468		19,247		35,705,284
Fundbalancesat31
December2020are
representedby:
Tangibleassets	43,535	31,416,522			-	31,460,057
Investments	500,001		-		-	500,001
Currentassets	3,914,230		-	39,442		3,953,672
	4,457,766	31,416,522		39,442		35,913,730

21	Cashgeneratedfromoperations
			2021	2020
			£	£
	Netincome/(expenditure)		45,536	399,222
	Adjustmentsfor:
	Investmentincomeincludedinprofitorloss		(173)	(3,479)
	Depreciationandimpairmentoftangiblefixedassets		241,144	338,502
	Fixed assetwrite-offs		-	212,474
	Movementsinworkingcapital:
	Decreaseinstock		4,607	10,903
	(Increase)/decreaseindebtors		(790,519)	7,170
	Increase/(decrease)increditors		129,524	(522,400)
	Cash(usedin)/providedbyoperations		(369,881)	442,392
22	Analysisofchangesinnetdebt
		At1Jan		At31Dec
		2021	Cashflows	2021
		£	£	£
	Cashatbankandinhand	1,739,714	(424,707)	1,315,007
	Cashondeposit	522,305	174	522,479
		2,262,019	(424,533)	1,837,486

	2021	2020
	£	£
Withinoneyear	153,734	149,257
Inthesecondtofifthyearsinclusive	662,462	643,167
Afterfiveyears	1,584,793	1,757,822
	2,400,989	2,550,246

	Unrestricted	Unrestricted	Restricted		Total2020
	FundsGeneral	Funds	Funds
		Designated
	£	£	£		£
Incomefrom:
Donations:
JW3DevelopmentGrant	2,015,114	1,029	429,556		2,445,699
Tradingactivities	1,140,905	-		-	1,140,905
Charitableactivities	446,321				446,321
Investments(bankinterest)	3,479	-		-	3,479
Otherincome	41,639	-		-	41,639
Totalincome	3,647,458	1,029	429,556		4,078,043
Expenditureon:
Tradingactivities	710,369	-		-	710,369
Charitableactivities	2,274,815	278,302	415,335		2,968,452
Totalexpenditure	2,985,184	278,302	415,335		3,678,821
Netincome/(expenditure) beforetransfers	662,274	(277,273)	14,221		399,222
Grosstransfersbetweenfunds	217,474	(212,474)	(5,000)		-
Netincome/(expenditure)for
theyear/netmovementin	879,748	(489,747)	9,221		399,222
funds
Fundbalancesat1 January2020	2,261,369	31,906,269	30,221		34,197,859
Fundbalancesat31December 2020	3,141,117	31,416,522	39,442		34,597,081