## |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| ## ##