2022-12-31-accounts

Legal and	administrative	administrative	information	information
Trustees					Rafi Addlestone
					Neil Blair
					Joseph Cohen
					Amy Dorfman
					Tammy Einav
					Denise Joseph
					Clive Kahn
					David Kershaw
					Cary Kochberg
					Michael Marx
					Mare Nohr (Chair)
					Katy Ostro
					Claudia Rosencrantz
					Jonathan Simmons
Charity Number					1117644
Company	Number				65679146
Principal	Address and		Registered	Office	341-351Finchley	Road
					London
					NW3 6ET
Chief Executive Officer					Raymond Simonson
Independent		Auditor			Saffery Champness
					71Queen Victoria	Street
					London
					EC4V4BE
Bankers					Lloyds Bank pic
					39Threadneedle	Street
					London
					EC2R BAU

	Page
Trustees' Report	1-19
Independent Auditor's Report	20-23
Group Statement of Financial Activities
Group and Charity Balance Sheets	25
Group Statement of C'ash Flows	26
Notes to the Financial. Statements	27-43

			Unrestricted	Unrestricted
			Funds	Funds	Restricted
		Note	General	Designated	Funds	Total 2022	Total 2021
			E	E.	E	E	'E
Income from:
Donations:
JW3 Development	Grant.		1,930,981	5,250	261,745	2,197&976	2,303,186
Donated Goods		1.4			123,600	123,000	107,800
Trading activities			390,583			390,583	721,804
Charitable activities			586,622			586,622	483,244
investm'ents (bank interest)			1.712			1,.712'	173
Totalincome			2,909,898	5,250	384,745	3,299,893:	3,616,207
Expenditure on:
Trading activities			241,516			241,516	220,796
Charitable activities			3,049,787	177,550	392,325	3,619,662	3,349,875
Total expenditure			3,291,303	177,550	392,325	3,861,178	3,570,671
Net (expenditure)/income before transfers			(381,405)	(172,300)	(7,580)	(561,285)	45,536
Gross transfers between
funds		13	5,000		(5,000)
Net (expenditure)/income.
for the year and net			(376,405)	(172,300)	(12,580)	(561,285)	45,536
movement. in funds
Fund balances at 1January			3,378,902	31,244,468	19,247	34,642,617	34,597,081
Fund balances at 31 December			3,002,497	31,072,168	6,667	34,081;332	34,642,617

				Group		Charity
			Note	2022f	2021 f	2022f	2021 f
Fixed assets
Tangible assets			8	31,213,243	31,413,300	31,112,855	31,283,236
Investments			9			250,001	250,001
				31,213,243	31,413,300	31,362,856	31,533,237
Current Assets
Stock				5,400	5,400
Debtors			11	1,918,812	1,881,245	2,654,107	2,780,982
Cash at bank and in		hand		1,624,095	1,837,486	1,491,374	1,530,904
				3,548,307	3,724,131	4,145,481	4,311,886
Creditors: amounts due within one year		falling	12	(680,218)	(494,814)	(341,874)	(1'39,839)
Net current	assets			2;868,089	3,229,317	3,803,607	4,172,047
Total assets liabilities	less current			34,081,332	34,642,617	35,166,463	35,705,284
Restricted Income Funds				6,667	19,247	6,667	19,247
Unrestricted	Funds
Designated	funds		14	31,072,168	31,244,468	31,072,168	31,244,468
General unrestricted		funds	15	3,002,49.7	3,378,902	4,087,628	4,441,569
				34,074,665	.34,623,370	35,159,796	35,686,037
				34,081,332	34,642,617	35,166,463	35,705,284

Expenditure on Trading Activities
	2022	2021
	f	f
Trading cost ofsales	15'6,640	166,639
Staff costs	66,111	36,551
Depreciation	18,765	17,606
	241,516	220,796

		Direct	Support	Governance	2022
		costs f	costsf	COStS	f
Staff.costs		1,111,407	639,678		1,751,085
Depreciation		223,525			223,525
General charitable	expenditure	5'81,799	135,122		716,921
Premises costs		730,951			730,951
Distribution ofdonated goods		123,000			123,000
Legal, professional	and audit fees			74,180	74,180
		2,770,682	774,800	74,180	3,619,662
Charitable Activities - 2021
		Direct	Support	Governance	2021
		costs	costs	costs
		f	f		f
Staff costs		969,719	533,057		1,502,776
Depreciation		184,910			184,910
General charitable	expenditure	562,053	187,280		749,333
Premises costs		745,837			745,837
Distribution ofdonated goods		107,800			187,800
Legal, professional	and audit fees			59,219	59,219
		2,570,319	720,337	59,219	3,349,875

						2022	2021
6	Employees					number	number
	The average	monthly		number ofemployees	during the year was:
	Administration					8	8.
	BoxOffice					9	8
	Cinema					1	2
	Commercia	I				1	1
	Gateways					4	2
	Marketing					5	6
	Operations					3	4
	Programming		and production			15	14
	Total					46.	45
	Employment		Costs			2022 f	2021 f
	Wages and	salaries				1,619,801	1,366,679
	Social security		costs			145,852	126,487
	Other pension		costs			39,502	37,401
						1,805,155	1,530,567

					2022	20?1
					f	f
Auditor's remuneration:
For	the audit	ofthe parent charity and		group	14,525	12,800
For	the audit	ofthe subsidiary	entities		22,475	18,500
Tax	services				5,200	2,675
Depreciation					242,288	241,144
Tangible Fixed Assets
Group
				Freehold	Fixtures,	Total
				land and	fittings and
				buildings f	equipment f
Cost
At 1January	2022			32,860,675	962,194	33,822,869
Additions				5,250	36,981	42,231
At 31December 2022				32,865,925	999.,175	33,865;100
Depreciation	and impairment
At 1January	2022			1,616,207	793,362	2,409,569
Depreciation	charged	in the year		177,550	64,738	242,288
At 31December 2022				1,793,757	858,100	2,651,857
Net book value
At 31December 2022				.31,072,168	141,075'	31,213,243
At 31December 2021				31,244,468	168,832	31,413,300

8.2	Tangible Fixed Assets
	Charity
					Freehold	Fixtures,	Total
					land and	fittings and
					buildirigs	equipment f
	Cost
	At 1January 2022				32,860,675	584,685	33,445,360
	Additions				5,250	6,721	11,971
	At 31December 2022				32,865,925	591,406	33,457,331
	Depreciation and impairment
	At 1January 2022				1,616,207	545,917	2,162,124
	Depreciation charged	in the year			177,550	4,802	182,352
	At 31December 2022				1,793,757	550,719	2,344;476
	Net book value
	At 31December 2022				31,072,168	40,687	31,112,855
	At 31December 2021				31,'244,468	38,768	31,283,236
9	Fixed Asset Investments					2022	202'1
						f	f
	Charity only
	Investments in subsidiaries					250,001	250,001
10.1	Subsidiaries
	Details ofthe charity's	subsidiaries		at31December 2022 are as follows:
			Country of			Class of	%held
	Name ofundertaking		incorporation		Nature ofbusiness share		directly
	Hampstead Slope		United		Head lessee of Ordinary		100
	Developments Ltd		Kingdom		residential	flats
	Company No. 07686348
	JW3 Trading Ltd,		United		Operation	ofJW3 Ordinary	100
	Company No. 07686352		Kingdom		Community	Centre

10.2	Income and e	x	pend	iture ofsubsi	diary companies for the year ende	diary companies for the year ende	d 31 Decemb'er 2	022:
					JW3 Trading Ltd		HSD	Ltd
					2022	2021	2022	2021
						f	f	f
	Profit and loss		account
	Turnover				3,837,024	3,588,841	4,900	4,900
	Expenditure				(3,859,096)	(3;584,983)	(5,169)	(4,777)
	(Loss)/profit forthe financial
	year				(22,072)	3,858	(269)	.123
	Shareholder. '.s		funds at 1
	January 2022				(814,354)	(818,212)	1,687	1,564
	Gift Aid distribution			payable to
	parent company						(123)
	Shareholder's		funds at31
	December 2022				(836,426)	(814,354)	1,295	1,687
11	Debtors: amounts			falling due within one year
					Group		Charity
					2022 f	2021 f	2022f	2021 f
	Trade debtors				79,210	215,020		176,486
	Amounts due	from		group
	undertakings						1,238,030	1,064,133
	Amounts due	from		connected
	charity				1,663,376	1,540,363	1,375,235	1540 363
	Other debtors				83,988	50,958
	Pr'epayments	and accrued			92,238'	74,904	40,842
	income
					1,918,812	1,881,245	2,654,107	2,780,982
12	Creditors: amounts			falling due within one year
					Group		Charity
					2022	2021	2022	2021
					f	f	f	f
	Trade creditors				142,030	124,037		4,739
	Amounts due	to group
	undertakings						750
	Taxation and	social		security	35,878	32,845		39,212
	Other creditors				244,942	32,714	229,866
	Accruals				94,597	149,283	20,221	11,500
	Deferred income				162,771	155,935	91,037	84,388
					680,218	494&814	341,874	139,839

		Movement in Funds	Movement in Funds	2022
	Balance at	Incoming	Resources	Transfers	Balance at
	1Jan 2022	Resources	Expended		31Dec
					2022
					f
Programming
and Activities	16,280	261,745	(266,358)	(5,000)	6,667
Building and
Operations	'2,967		(2,967)
Donated
Goods		123,000	(123,000)
	19,247	384,745	(392,325)	(5,000)	6,667
		Movement in Funds		2021
	Balance at	Incoming	Resources	Transfers	Balance at
	1Jan 2021	Resources	Expended		31Dec
					2021
					E
Programming
and Activities	21,848	290,469	(291,037)	(5,000)	16,280
Building and
Operations	17,594	32,152	(46,779)		2,967
Donated
Goods		107,800	(107,800)
	39',442	430,42.1	(445,616)	(5,000)	19,24'7

				Movement	in Funds 2022
		Balance at	Incoming	Resources			Balance at
		1Jan 2022 E	Resources f	Expended f		Transfers f	31Dec2022 f
Fixed	asset
fund		31,244,468	5,250		(177,550)		31,072,168
		31,244,468	5,2-50		(177,550)		31,072,168
				Movement	in Funds 2021
		Balance at	Incoming	Resources			Balance at
		1Jan 2021	Resources	Expended		Transfers	31Dec2021
						f	E
Fixed	asset
fund		31,416,522	6,750		(178,804)		31,244,468
		31,416,522	6,750		(178,804)		31,244,468

	Balance at	Incoming Resources	Transfers	Balance at
	1Jan 2022 E	Resources f Expended f		31Dec2022 f
Funds	3,378,902	2,992,413 (3,373,818)	5,000	3,002,497
	3,378,902	2,9.92,4.13 (3,373,818)	5,000	3,002,497
		Movement in Funds —2021
	Balance at	Incoming Resources	Transfers	Balance at
	1Jan 2021	Resources Expended		31Dec 2021
		E E		E
Funds	3,141,117	3,286,836 (3,054,051)	5,000	3,378,902
	3,14.1,117	3,286,836 (3,054,051)	5,000	3,378,902

				Movement	Movement	in Funds - 2022
		Balance at 1		Incoming	Resources		Transfers	Balance at
		Jan 2022		Resources		Expended		31Dec2022
	Funds		4,441,569	2,391,794		(2,750,735)	5,000	4,087,628
			4,441,569	2,391,794		(2,750,735)	5,000	4,087,628
				Movement		in Funds - 2021
		Balance at 1		Incoming	Resources		Transfers	Balance at
		Jan 2021 f		Resources	Expended .f'		f	31Dec2021 f
	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
16	Analysis ofnet		assets between	funds
	Group
				.General	Designated		Restricted	Total
				Unrestricted		funds	funds
				fundsf
	Fund balances		at 31
	December	2022 are
	represented	by:
	Tangible assets			141,075		31,072,168		31,213,243'
	Current assets			2,861,422			6,667	2,868,089
				3,002 497		31,072,168	6,667	34,081,332
	Fund balances		at 31
	December	2021 are
	represented	by:
	Tangible assets			168,832		31,244,468		31,413,300
	Current assets			3,210,070			19,247	3,229,317
				3,378,902		31,244,468	19,247	34,642,617

Charity
		General	Designated	Restricted	Total
		Uniestricted	funds	funds.
		funds
		f
Fund balances at31
December	2022 are
represented	by:
Tangible. assets		40,687	31,072,168		31,112,855
investments		250,001			250,001
Current assets		3,.796,940		6,.667	3,803,607
		4,087,628	31,072,168	6,.667	35,166,463
Fund balances at31
December	2021are
repiesented	by:
Tangible assets		38,768	31,244,468		31,283,236
lrivestments		250,001			250,001
Current assets		4,152,800		19,247	4,172,047
		4,441,569	31,2'44,468	19,247	35,705,284

19	Analysis ofchanges	in cash balances
			At 1.Jan		At31Dec
			2022	Cash flows	2022
			f		f
	Cash at bank and in	hand	1,315,007	(215,099.)	1,099,908
	Cash on deposit		522,479	1,708.	524,187
			1,837,486	(213,391)	1,624,095

	2022	2021
	f	f
Within one year	131,955	153,734
In the second to fifth years inclusive	568,613	662,462
After five years	906,407	1,584,793
	1,606,974	2,400,989

	Unrestricted	Unrestricted
	Funds	Funds	Restricted
	General f	Designated f	Funds. f	Total 2021 f
Income from:
Donations:
JW3 Development
Grant	1,973,815	6,750	322,621	2,303,186
Donated Goods			107,800	1'07,800
Trading activities	721,804			721,804
Charitable activities	483,244			483,244
Investments (bank
interest)	173			173
Other income
Total income	3,179,036	6,750	430,421	3,616,207
Expenditure on:
Trading activities	220,796			220,796
Charitable activities	2,725,455	178,804	445',616	3,349,875
Tota I expenditure	2,946,251	178,804	445,616	3,570,671
Net
income/(expenditure)	232,785	(172,054)	(15,195)	45,'536
before transfers
Gross transfers
betweenfunds	5,000		(5,000)
Net
income/(expenditure) for the year/net	237,785	(172,054)	(20,195)	45,536
movement in funds
Fund balances at 1
January	3,141,117	31,416,522	39,442	34,597,081
Fund balances at31 December	3,378,902	31,244,468	19,247	34,642,617