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2022-08-31-accounts

COMPANY REGISTRATION NUMBER: 06543595 CHARITY REGISTRATION NUMBER: 1126031

UNIVERSITY JEWISH CHAPLAINCY

Company Limited by Guarantee FINANCIAL STATEMENTS

31 AUGUST 2022

COHEN ARNOLD

Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2022

PAGE
Trustees' annual report (incorporating the director's report) 1
Independent auditor's report to the members 7
Statement of financial activities (including income and expenditure
account) 12
Statement of financial position 13
Statement of cash flows 14
Notes to the financial statements 15

UNIVERSITY JEWISH CHAPLAINCY COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)

YEAR ENDED 31 AUGUST 2022

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 August 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name University Jewish Chaplaincy Charity registration number 1126031 Scottish charity registration SC045950 number

Company registration number 06543595 Principal office and registered 305 Ballards Lane office London N12 8GB

THE TRUSTEES

Mr S Davis (Retired 3 November 2022) Mr D Kaplan Mrs C Lenson Mr U N Goldberg Mr J M Lewis Mrs N Livingston Mrs J A Levene (Appointed 10 December 2021) AUDITOR Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

STRUCTURE, GOVERNANCE AND MANAGEMENT

University Jewish Chaplaincy (UJC) is a company limited by guarantee not having a share capital. It is registered with the Charity Commission (Charity Registration Number: 1126031) and with the Office of the Scottish Charity Regulator (Charity Registration Number : SC045950).

University Jewish Chaplaincy's governing instruments are its Memorandum and Articles of Association dated 25 March 2008.

The overall management of the charity is vested in the trustees, who are assisted in their decisions by a Board of members who regularly meet to discuss and review the charity's activities. The charity was administered during the year by Sophie Dunoff.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 AUGUST 2022

OBJECTIVES AND ACTIVITIES

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing University Jewish Chaplaincy's aims and objectives and in planning future activities.

The local Chaplains maintain an overview of support and educational provision throughout their region and make suggestions or plan activities that will involve as many individual students and student groups that live within the region. Chaplains will travel to campuses across their allocated region to support Jewish students on a regular basis.

All our activities, including educational programmes, social events and home hospitality for Shabbat and festivals, are widely advertised and we welcome the participation of all in the local student's community, Jew and non-Jew alike. Most of our activities are free and those events where a charge is made, for example residential weekends, are very heavily subsidised and concessions are offered for anyone who is unable to pay the full (subsidised) amount. Financial support is offered to students who live in small communities to join activities on those local campuses where there is a significant Jewish student community.

The Chaplains provide a focus for all Jewish students on campus for the activities associated with our faith. During the year under review, we offered a range of educational programmes, activities and services covering:

Religious and spiritual guidance - for students who have questions regarding their faith or who are looking for opportunities for spiritual growth.

Home hospitality - serving meals to students on Sabbath (Friday night and Saturday), Jewish Festivals and on weekdays in a supportive and nurturing home environment.

Practical Jewish Support and Advice - including organising prayer services, meals and educational programmes (before and during) and generally providing opportunities for Jewish students to participate as fully as they wish in the Jewish Sabbath and Jewish Festivals that take place during term time.

One to one emotional support and guidance - providing a listening ear and acting as a signpost to support services for students with issues as wide-ranging as anxiety and homesickness to eating disorders and self-harming.

Representation to University authorities - as an official Chaplain to the University they provide support and assistance for Jewish students, ensuring that their religious needs are being catered for e.g. in the event of an exam coinciding with a Jewish festival.

Educational programming - establishing regular events such as a weekly 'Lunch & Learn' where students can come along and participate in discussions on topics of Jewish interest. Creating opportunities for text-based learning for all students individually and in groups, regardless of their level of knowledge or experience in Jewish learning.

Multifaith - our Chaplains are at the forefront of much of the work taking place on campuses across the UK today and participate fully in this arena, acting as full members of many university Chaplaincy teams.

Social events - providing opportunities for Jewish students to meet and create connections with other Jewish students.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 AUGUST 2022

OUR PROVISION AROUND THE UK

OUR PROVISION AROUND THE UK
Region Chaplains
Birmingham & West Midlands Rabbi Fishel Cohen
Bristol, Western & South Coast Dr Yoseph and Rachael Citron
Cambridge & East Anglia Rabbi Elazar and Alissa Symon
Leeds & Yorkshire Rabbi Zecharia and Nava Deutsch
London & South East Rabbi Gavin Broder
Manchester Rabbi Danny Bergson
Liverpool & North West Rabbi Natan Fagleman
North East Rabbi Aaron Lipsey
Nottingham & East Midlands Rabbi Eli and Shevi Grunewald
Oxford Rabbi Michael and Tracey Rosenfeld-Schueler
Scotland Rabbi Aharon and Hodaya Lemberger

ACHIEVEMENTS AND PERFORMANCE

Protect and represent all Jewish students

For the academic year ending 31 August 2022, our Chaplaincy team spent over 700 hours attending to welfare issues, including dealing with 27 cases of antisemitism and religious freedom issues affecting nearly 80 students.

Whilst our Chaplains and Chaplaincy couples take a proactive lead in service provision, they sadly also have to respond to threats of antisemitism and anti-Zionism on campus. Unfortunately, incidents of antisemitism appear to be on the rise and some students express fears of going on to campus. Some Universities continue to be reluctant to accept the IHRA definition of antisemitism and in some cases Student Unions have voted to reject it even when it was previously accepted by their university. Rabbi Broder (London) continues to sit on a number of committees discussing this important issue and attends an 'Antisemitism Education Group' at UCL.

Our teams were also instrumental in lobbying course leaders to find solutions for exams that are scheduled for Shabbat and festivals, particularly in the Leeds and Yorkshire region.

Listen to and support students in need

In order to arm our Chaplains and Chaplaincy couples with the tools to best support the needs of Jewish students, UJC devised and delivered a 'training shabbaton' for 19 staff, enabling them to see each other in person for the first time in 2 and a half years. Despite weekly team videoconferences during the pandemic, attendees benefited greatly from being together in a residential setting, having time to get to know each other both personally and professionally. The opportunity to share their own experiences, ideas for events and suggestions for greater student participation not only aided their personal and professional development but also enabled them to operate more effectively on campus with renewed energy, inspiration and vigour.

As part of our welfare provision, we assisted over 470 students on campuses across the UK with differing mental health concerns. We have supported students who have suffered major bereavements in their families, helped a student with homelessness - finding them somewhere to live and ensuring they had funding to support this transition; these are just a few examples of the areas in which our Chaplains have provided essential and high-level pastoral and welfare support. We are incredibly proud of the (sometimes) lifesaving work they do.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 AUGUST 2022

Empower and develop Jewish life on campus

Like the rest of the UK population, pandemic lockdown restrictions meant that Jewish students had their access curtailed to Jewish community life on and around campus, with freshers impacted more than any other segment. As students transitioned from the unprecedented restrictions proscribed by the government to being able to embrace life on campus, the need for 'in real life' events was arguably never more important - and this is evidenced by the increased rates of attendance, compared to pre-Covid.

For the academic year ending 31st August 2022, our Chaplains ran over 450 events spanning twelve regions and many campuses, attracting over 7612 student attendances in total. This represents a 10% increase in attendance compared to the first two terms of 2019-2020.

Our Chaplaincy couples also participated in interfaith opportunities, sharing the Jewish experience with others and learning from other faith leaders on the issues affecting students in their communities. Key activities of note included a monthly interfaith religious text-based educational group in

Cambridge and participation in an Interfaith Week event on the topic of abuse in faith communities at St Hugh's College, Oxford.

Provide Jewish students on campus with a 'home-away-from-home

Despite the Yom Tov (festival) season falling particularly early this year, our Chaplains were incredibly busy from Yom Kippur onwards. Several Chaplains facilitated Yom Tov services in their region with higher numbers than expected. Similarly, Yom Tov meals had very high attendance. Our Chaplains served approximately 655 meals in their homes over the holiday period as well as 863 students attending events. The festival of Sukkot coincided with the beginning of the academic term and the Chaplains hosted various events in their sukkahs, including a 'Sangria and Sushi in the Sukkah' and a portable sukkah driven around Edinburgh and St Andrews.

Chanukah frequently falls outside of term time, so this year it was wonderful that the students and Chaplains could celebrate together all week. Seeing the Chaplains so busy and motivated to ensure the students can celebrate Chanukah in a meaningful and memorable way was heartening. Chaplains distributed menorahs to everyone who wanted and we were able to procure large quantities of doughnuts for the Chaplains at reduced cost to accommodate the numerous Chanukah parties and lightings.

Celebrating Pesach can be particularly challenging for students on campus, particularly those living in areas with limited access to kosher food. As such we are proud to have facilitated seder packs containing matza, grape juice, a haggadah and other items for the seder to almost 60 students who were making their own seder this year, in addition to many of the Chaplains hosting students in their homes. We were so delighted that for the first time in three years Chaplains could safely host students again in their homes and provide them with a meaningful and in-person seder experience, creating memories and learning opportunities that will stay with the students for many years to come.

Fundraising

The charity remains heavily reliant on donations from private individuals, trusts and foundations. We have a small fundraising department, which together with the trustees, assumes responsibility for and works hard to maintain and grow the relationships with these critical donors.

We are one of the very few truly national and cross communal Jewish charities in the country with a presence throughout the UK catering for all Jewish students regardless of their affiliation. We have impacted the lives of tens of thousands of Jews and their families throughout our now over 50 years of

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 AUGUST 2022

service.

We were also able to continue benefiting from the Government's furlough grants albeit in a much smaller way than last year.

Principal funding sources

As mentioned above the charity's main source of income is donations. However we continue to rely on the ongoing and very generous financial support of the United Synagogue. We are extremely grateful to the trustees of the United Synagogue for their incredible generosity and for agreeing to continue its long-standing support for our activities.

I would also like to take this opportunity to thank our head office staff, Chaplains, trustees, who all put so much energy and effort into outstanding achievements you have read about above.

FINANCIAL REVIEW

General

The net results for the year show an overall net expenditure of £224,640. As at 31 August 2022, the charity had accumulated unrestricted funds of £644,104 and accumulated restricted funds of £33,956.

Reserves Policy

The trustees have reviewed the reserves of the charity whose policy is to try and retain sufficient funds for at least two months operating costs.

PLANS FOR FUTURE PERIODS

When planning our activities, the trustees of University Jewish Chaplaincy have considered the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we strive to make sure that every Jewish student, regardless of background or affiliation has the opportunity to live out their faith as part of their local Jewish student community through:

We also seek more extensive coverage as we realise that to facilitate the work of University Jewish Chaplaincy it is vital that we maintain our presence across the UK.

TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

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UNIVERSITY JEWISH CHAPLAINCY COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED.11 AUGUST 2022 select suitable accounting poliLies aiid il)eii apply tliein ¢oiisistently- observe th¢ meihods and pi"iiiciples iii tlie applicable Cliarities SORP. mak¢ judgineiits and accounting estimate5 that are reasonable and prudent,. pr¢pare tlie finaiicial statements on the (Foiiig concern basis unless it is inappropriat¢ to presume tl)at the charity will conliiiue iii business. T]ie trustees are ffespoiisible for keeping adequite ac¢oiiniin(7 records that are sufficieiit 10 show and explain the chai'ity's traiisactioiis and disclose with r¢asonAble accuracy at any time the financial position of the charity aiid enable thein to eiisure that the finaiicial statemei)Is comply witli tlie Companies Act 2006. Tli¢y are 21$0 responsible for safeguarding the asseis of the cliarity and hence for iaking reasoiiable steps for the preveiition aiid detection of fraud ￿]d other irrcgularities. AUDITOR Each of tl)e persons wlio is a irust¢e at the date ofapproval of this report coiifirms that: so far as they are awar¢, there is no relevant audit infomiatioii of whicli Il)e charity's aliditor is ui)aware,' and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevaiil aiidil information and to esiablish that the cliarily's auditor is aware of tliat information. -l-he aiiditor is deemed io liave beeii re-appointed in accord&nce with sectioi) 487 of the Compaiiies Aci 2006. SMALL COMPANY PROVISIONS This report has been prepaird iii accordance witli the provisions appli¢able to companies entitlcd to tlie small coinpani¢s cxemption. Tl trustees, anniial report was appi'oved on 12 May 2023 and Signed on belialf of the board of tee5 by.. Mr U N Goldberg Tn]stee

UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY JEWISH CHAPLAINCY

YEAR ENDED 31 AUGUST 2022

OPINION

We have audited the financial statements of University Jewish Chaplaincy (the 'charity') for the year ended 31 August 2022 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY JEWISH CHAPLAINCY (continued)

YEAR ENDED 31 AUGUST 2022

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY JEWISH CHAPLAINCY (continued)

YEAR ENDED 31 AUGUST 2022

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 We obtained an understanding of the legal and regulatory frameworks that are applicable to the company through discussion with the directors and senior management and identified which were most significant with respect to the financial statements. We identified financial reporting legislation (including related companies legislation), charities legislation and taxation legislation as being most significant to these financial statements. We communicated these identified frameworks throughout our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY JEWISH CHAPLAINCY (continued)

YEAR ENDED 31 AUGUST 2022

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

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UNIVERSITY JEWISH CHAPLAINCY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY JEWISH CHAPLAINCY ( eoiJiiNii¥IO YEAR ENDED 31 AUGUST 2022 We communicate wilh those cliarged witli goverT)ance regarding, aiT)ong other maiters, the plai)ned scope and timing of the audit and significant audii fiiidiiigs, includii)bT any significaiit defici¢nci¢s iJ] internal control that wc identify during oui- audit. USE OF OUR REPORT This report is made solely to the charity's IT]embers, as a body, in accordance witli Chapter 3 of Part 16 of the Compaiiies Act 2006, and in aceordance with Regulation 10 of the Cl)arities Accounls (Scotland) Regulations 2006. Our aiidii work has been und¢rtakei) so that we Inight siAte to the charity's members those Inatters we are required 10 stale to tliein in an auditols report and for no otli¢i putpose. To th¢ fullest extent perinittcd by law, we do nol accept or assuine responsibility to anyone other than the charity and the charity's Tneinbers as a body, for our audit work, for this repoil, or for the opiJJions we have fornied. Dov Harris FCA (Senior Statutory Aiiditor) For aiid oli b¢h21f of Cohen Amold Chartered aecountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NWI I OPU 12 May 2023

UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 AUGUST 2022

2022 2021
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 667,983 114,331 782,314 1,352,267
Other income 6 4,875 – 4,875 117,375
------------------------------------- ------------------------------- ------------------------------------- -----------------------------------------------
Total income 672,858 114,331 787,189 1,469,642
===================================== =============================== ===================================== ===============================================
Expenditure
Expenditure on charitable activities 7,8 913,074 98,755 1,011,829 795,914
------------------------------------- ------------------------------- ----------------------------------------------- -----------------------------------------------
Total expenditure 913,074 98,755 1,011,829 795,914
===================================== =============================== =============================================== ===============================================
------------------------------------- ------------------------------- ----------------------------------------------- -----------------------------------------------
Net (expenditure)/income and net
movement in funds (240,216) – (224,640) 673,728
===================================== =============================== =============================================== ===============================================
Reconciliation of funds
Total funds brought forward 884,320 18,380 902,700 228,972
------------------------------------- ------------------------------- ----------------------------------------------- -----------------------------------------------
Total funds carried forward 644,104 33,956 678,060 902,700
===================================== =============================== =============================================== ===============================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 15 to 23 form part of these financial statements.

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UMVERSITY JEWISH CHAPLAINCY CO￿ANy LIMtTED BY GUARANfEE STATEMENT OF FINANCIAL POSITION 31 AUGUST 2022 2022 2021 Note FIXED ASSETS Intangible assets CURRENT ASSETS Debtors Cash at bank and in hand 14 1,486 1,982 16 60284 659,198 719,482 101.601 831,586 933,187 CREDITORS: amounts falling due within one year NET CURRENT ASSETS 17 42,908 32.469 676J74 900,718 TOTAL ASSETS LESS CURREL¥T LIABILITIES 678,060 902.700 NET ASSETS 678,060 902,700 FUNDS OF THE CHARITY Restricted fvnds Unrestricted fund5 33,956 644,104 678,060 18,380 884.320 Totsl ¢harlty funds 18 902.700 These finaT)cial slatemenls have been prepared in a¢¢ordance with the provi5ion5 applicable tl) companies subject to the small companies, regime. These financial statements were approved by the board of trusiees and authori5ed for issue on 12 May 20 and are signed on behalf of the board by.. rUN Trustee oldberg The notr$ on pages 15 tg 23 form parl of iht8t finaDtial statements. 13

UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

STATEMENT OF CASH FLOWS

YEAR ENDED 31 AUGUST 2022

YEAR ENDED 31 AUGUST 2022
2022 2021
£ £
CASH FLOWS FROM OPERATING ACTIVITIES
Net (expenditure)/income (224,640) 673,728
Adjustments for:
Amortisation of intangible assets 496 661
Accrued expenses 11,148 4,092
Changes in:
Trade and other debtors 41,317 (57,810)
Trade and other creditors (709) (4,746)
------------------------------------- -------------------------------------
Cash generated from operations (172,388) 615,925
------------------------------------- -------------------------------------
Net cash (used in)/from operating activities (172,388) 615,925
===================================== =====================================
NET (DECREASE)/INCREASE IN CASH AND CASH
EQUIVALENTS (172,388) 615,925
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 831,586 215,661
------------------------------------- -------------------------------------
CASH AND CASH EQUIVALENTS AT END OF YEAR 659,198 831,586
===================================== =====================================

The notes on pages 15 to 23 form part of these financial statements.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2022

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England, Wales and Scotland. The address of the registered office is 305 Ballards Lane, London, N12 8GB.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Governance costs

Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2022

3. ACCOUNTING POLICIES (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2022

3. ACCOUNTING POLICIES (continued)

Intangible assets (continued)

Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Website - 25% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 3 Year Straight Line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2022

3. ACCOUNTING POLICIES (continued)

Financial instruments (continued)

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. LIMITED BY GUARANTEE

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2022

5. DONATIONS AND LEGACIES

5. DONATIONS AND LEGACIES
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
DONATIONS
Donations and grants receivable 667,983 114,331 782,314
===================================== =============================== =====================================
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
DONATIONS
Donations and grants receivable 1,284,524 67,743 1,352,267
=============================================== =============================== ===============================================
6. OTHER INCOME
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
Government grants 4,875 4,875 117,375 117,375
========================== ========================== ===================================== =====================================
7. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Provision of University Jewish Chaplains 892,842 98,755 991,597
Support costs 20,232 – 20,232
------------------------------------- ------------------------------- -----------------------------------------------
913,074 98,755 1,011,829
===================================== =============================== ===============================================
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Provision of University Jewish Chaplains 705,153 73,636 778,789
Support costs 17,125 – 17,125
------------------------------------- ------------------------------- -------------------------------------
722,278
=====================================		 73,636
===============================		 795,914
=====================================

8. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE

Activities
undertaken Total funds Total fund
directly Support costs 2022 2021
£ £ £ £
Provision of University Jewish
Chaplains 991,597
13,572		 1,005,169 790,155
Governance costs –
6,660		 6,660 5,759
------------------------------------- ------------------------------- ----------------------------------------------- -------------------------------------
991,597
20,232		 1,011,829 795,914
===================================== =============================== =============================================== =====================================

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2022

9. ANALYSIS OF SUPPORT COSTS

Provision of University Jewish Chaplains

Provision of University Jewish Chaplains
Analysis of
support costs Total 2022 Total 2021
£ £ £
Communications and IT 13,572 13,572 11,366
Support costs: Other costs 6,660 6,660 5,759
------------------------------- ------------------------------- -------------------------------
20,232 20,232 17,125
=============================== =============================== ===============================
10. NET (EXPENDITURE)/INCOME
Net (expenditure)/income is stated after charging/(crediting):
2022 2021
£ £
Amortisation of intangible assets 496 661
================ ================
11. AUDITORS REMUNERATION
2022 2021
£ £
Fees payable for the audit of the financial statements 4,800 4,800
========================== ==========================

12. STAFF COSTS

The average head count of employees during the year was 25 (2021: 22). The average number of full-time equivalent employees during the year is analysed as follows:

2022 2021
No. No.
Administrative 3 4
Chaplains 8 6
---------------- ----------------
11 10
================ ================
The number of employees whose remuneration for the year fell within the following bands, were:
2022 2021
No. No.
£60,000 to £69,999 1 1
================ ================

13. TRUSTEE REMUNERATION AND EXPENSES

No trustee received any remuneration during the year. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2022

14. INTANGIBLE ASSETS

14. INTANGIBLE ASSETS
Website
£
Cost
At 1 September 2021 and 31 August 2022 6,270
==========================
Amortisation
At 1 September 2021 4,288
Charge for the year 496
--------------------------
At 31 August 2022 4,784
==========================
Carrying amount
At 31 August 2022 1,486
==========================
At 31 August 2021 1,982
==========================
15. TANGIBLE FIXED ASSETS
Equipment Total
£ £
Cost
At 1 September 2021 and 31 August 2022 2,942 2,942
========================== ==========================
Depreciation
At 1 September 2021 and 31 August 2022 2,942 2,942
========================== ==========================
Carrying amount
At 31 August 2022 – –
========================== ==========================
At 31 August 2021 – –
========================== ==========================
16. DEBTORS
2022 2021
£ £
Prepayments and accrued income 23,417 8,051
Other debtors 36,867 93,550
------------------------------- -------------------------------------
60,284 101,601
=============================== =====================================
17. CREDITORS: amounts falling due within one year
2022 2021
£ £
Trade creditors 18,322 10,739
Accruals and deferred income 22,265 11,117
Other creditors 2,321 10,613
------------------------------- -------------------------------
42,908 32,469
=============================== ===============================

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UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2022

18. ANALYSIS OF CHARITABLE FUNDS

Unrestricted funds

Unrestricted funds
At At
1 September 31 August
2021 Income Expenditure 2022
£ £ £ £
General funds 884,320 672,858 (913,074)
644,104
===================================== ===================================== ===================================== =====================================
At At
1 September 31 August
2020 Income Expenditure 2021
£ £ £ £
General funds 204,699 1,401,899 (722,278)
884,320
===================================== =============================================== ===================================== =====================================
Restricted funds
At At
1 September 31 August
2021 Income Expenditure 2022
£ £ £ £
Restricted Fund 18,380 114,331 (98,755)
33,956
=============================== =============================== =============================== ===============================
At At
1 September 31 August
2020 Income Expenditure 2021
£ £ £ £
Restricted Fund 24,273 67,743 (73,636)
18,380
=============================== =============================== =============================== ===============================
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Intangible assets 1,486 – 1,486
Current assets 719,482 33,956 753,438
Creditors less than 1 year (42,908) – (42,908)
------------------------------------- ------------------------------- -------------------------------------
Net assets 678,060 33,956 712,016
===================================== =============================== =====================================
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Intangible assets 1,982 – 1,982
Current assets 914,807 18,380 933,187
Creditors less than 1 year (32,469) – (32,469)
------------------------------------- ------------------------------- -------------------------------------
Net assets 884,320 18,380 902,700
===================================== =============================== =====================================

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

- 22 -

UNIVERSITY JEWISH CHAPLAINCY

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 AUGUST 2022

20. ANALYSIS OF CHANGES IN NET DEBT

At At
1 Sep 2021 Cash flows 31 Aug 2022
£ £ £
Cash at bank and in hand 831,586 (172,388)
659,198
===================================== ===================================== =====================================

21. RELATED PARTIES

Donations totalling £15,360 were received from the trustees and entities connected with the trustees. No conditions were attached to any of these donations.

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