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2021-03-31-accounts

Company Registered No. 06826136 Charity Registered No. 1130719

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee)

UNAUDITED TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee)

CONTENTS

Pages
Reference and Administrative details 1
Trustees’ Report 2
Independent Examiner’s Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12-18

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021

Trustees Daniel Levy (Chair)
Margaret Harris
Claudia Fetterman (Treasurer)
Richard Werth
Paul Collin (appointed April 2020)
Hannah Cohen (appointed April 2020)
Rosalind Preston (President, resigned February 2021)
David Lazarus (Chair, deceased April 2020)
John Sless (resigned April 2020)
Greg Rack (resigned September 2020)
Joanna Coleman (appointed August 2021)
Sara Conway (appointed July 2021)
Karen Cooper (appointed July 2021)
Company Registered No. 06826136
Charity No. 1130719
Registered Office Schaller House
& Place of Business Wohl Campus
44A Albert Road
London
NW4 2SJ
Chief Executive Nicky Goldman
Bank Unity Trust Bank
PO Box 7193
Planetary Road
Willenhall WV1 9DG
Accountants Blinkhorns
(Independent Examiner) 27 Mortimer Street
London W1T 3BL

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

The trustees (who are also directors of the charity for the purposes of company law) present their Annual Report together with the financial statements of The Jewish Volunteering Network for the year ended 31 March 2021. The trustees confirm that the accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: 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)” (as amended for accounting periods commencing from 1 January 2016).

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 20 February 2009.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the trustees who are appointed and co-opted under the terms of the Articles of Association. New trustees are proposed following a transparent, skills-based recruitment process and approved by trustees at board meetings.

c. RISK MANAGEMENT

The major risks relating to the business are identified by the executive team and board of trustees and assessed on a regular basis. Specific focus is placed on those risks relating to operations, finances and cash flows of the Charity. The trustees are of the opinion that maintaining reserves at a reasonable level, combined with regular reviews of controls over key financial systems, has provided JVN sufficient resources in the event of adverse conditions and enable JVN to continue its operations. The trustees have also regularly considered other business risks faced by JVN and have endeavoured to improve its operating systems to reduce these risks. The trustees are satisfied that the organisation has adequate systems and procedures in place to mitigate major risks.

d. TRUSTEE TRAINING AND INDUCTION

New trustees undergo orientation to brief them on: their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

e. ORGANISATION

The board of trustees administers the charity and meets regularly. A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters.

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The principal object of the charity is to promote the voluntary sector for the benefit of the public by promoting volunteering within that sector, in particular within the Jewish community in the UK.

The policies and objectives are closely tied with the principal object of the charity described above. In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

We believe that volunteering changes lives, communities and society and everyone can be inspired to do it. The Jewish Volunteering Network (JVN) promotes, connects and supports volunteers to enable charities across the Jewish and wider communities to do more.

JVN’s strategic objectives are to:

  1. Promote volunteering in the Jewish community and wider sector

  2. Connect, support and deliver volunteers to volunteering opportunities

  3. Partner with charities to enable them to support their volunteers in the optimal way

  4. Develop JVN to enable us to deliver our purpose and vision

JVN is the only year-round space in the Jewish community offering potential volunteers a diverse range of volunteering opportunities in the Jewish community and wider charity sector. It provides charities with year-round access to a wide pool of volunteers, as well as support for volunteer managers.

ACHIEVEMENTS AND PERFORMANCE

The last year has been a challenging time of global crisis, during which there was an unprecedented take up in volunteering, particularly in the initial months. The increase in willing volunteers who stepped forward to help others on a local, charity or NHS responder level was substantial and inspiring.

JVN’s role was more crucial than ever during the coronavirus crisis. It immediately launched an emergency strategy to respond to the urgent needs of charities on the front line of delivering services by connecting volunteers to meet their volunteering needs.

JVN sought volunteering opportunities to promote across the sector through our website, mailings and social media. It regularly brought together Volunteer Managers from volunteer-involving organisations to enable them to discuss challenges and solutions.

This strategy was launched against a backdrop of JVN needing to furlough half of the small professional staff team due to uncertainty and the very sad passing away of our Chairman, David Lazarus. This necessitated one of the trustees, Daniel Levy, stepping up to be Chair and our staff and in-house volunteers pivoting their roles to help with the emergency plan.

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

In this year, we achieved our objectives in the following ways:

1. Promote volunteering in the Jewish community and wider sector

2. Connect, support and deliver volunteers to volunteering opportunities

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

3. Partner with charities to enable them to support their volunteers in the optimal way

4. Develop JVN to enable us to deliver our purpose & vision

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

GOING FORWARD

Going forward the need for volunteers and well-resourced volunteer management will be even more crucial and charities have fewer resources to deliver their important services. JVN’s position and role in this is key.

Recent reports have indicated that there is a labour shortage. It is unclear at present what the implications are for volunteering but it would seem probable that some people who might have volunteered in the past because they could not get paid work, or as a pathway to paid work, may now be able to get paid work. This is an unknown at present and therefore one of the uncertain factors that JVN needs to bear in mind going forward.

To prepare for the next phase of the pandemic and beyond, JVN has reviewed and revised its strategy. Our plan is to focus initially on an ‘inreach’ campaign to engage with the 9,000 people registered on our database to help find them a role. We will work with charities to help them re-establish volunteering roles, as well as creating new ones and to respond to the lessons learned during the pandemic of demand for one-off volunteering. We have also recently launched a Young Adult Volunteering Programme pilot, responding to the high number of registrations from that age bracket during pandemic. This is staffed by a placement from the Government’s Kickstart scheme.

In terms of securing funding, robust efforts are being made to bring in funding from previous donors, trusts and foundations and our Awards sponsors, as well as approaching new ones. It is hoped that as training events are restored to in-person, or hybrid models, further income will be brought in through them. JVN is applying for CPD accreditation for the volunteer managers training, which will make the training programmes even more attractive to potential participants.

The voluntary sector shares the challenges of the current situation and can offer solutions, as has been proved over the last year. There are evolving needs to be met and many virtual volunteering opportunities will need to continue, particularly for older people still nervous to go out. In the event of further emergency situations, there will need to be an army of people who are trained and ready to help, either to go back to previous roles or to get into new ones. With mental health and wellbeing affected considerably and volunteering being known to have a positive effect on this, JVN is well placed to capitalise on the increased desire to volunteer.

FINANCIAL REVIEW

During the year to 31 March 2021 the charity received donations, grants and other income amounting to £370,820 (2020 £378,489). Expenditure during the year amounted to £335,910 (2020 £380,792). Unrestricted reserves at 31 March 2021 amounted to £189,464 (2020 £143,997), restricted reserves amounted to £19,833 (2020 £30,390).

a. RESERVES POLICY

It is the policy of JVN to maintain unrestricted funds at levels which are adequate to meet ongoing management, administration and support costs. A detailed reserves policy has been adopted by the trustees. The policy of JVN has been to maintain any restricted funds at a level to enable to meet its full obligations under the terms of their establishment by the donors.

The trustees aim to have free reserves equivalent to at least four months core costs, approximately £90,000. At 31 March 2021 this had been achieved. Continued fundraising efforts are made to maintain the required level of reserves.

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

b. INVESTMENT POWERS AND POLICY

The trustees, having regard to the liquidity requirements of the charity have kept available funds in an interest-bearing deposit account and seek to achieve a rate on deposit which matches or exceeds inflation as measured by the consumer price index. Due to wider economic circumstances deposit rates have been depressed and so this aim was not achieved in the year.

c. GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

The trustees have considered the effect of the COVID-19 outbreak that has been spreading throughout the world in 2020 on the Charity’s activities. The assessment related to disruption that might be caused to the Charity’s operations. At the date of approval of these financial statements, the trustees have assessed the extent and quantum of the disruption which remains uncertain at this time. The trustees have prepared cash flow forecasts and profit projections which demonstrate the charity can continue as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

-7-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2021

TRUSTEES’ RESPONSIBILITIES

The trustees, who are also the directors of The Jewish Volunteering Network for the purpose 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

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

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In preparing this report, the trustees have taken advantage of the special provisions relating to small companies within Part 15 of the Companies Act 2006.

This report was approved by the trustees on 12[th] October 2021 and signed on their behalf by:

Daniel Levy Chairman

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE JEWISH VOLUNTEERING NETWORK FOR THE YEAR ENDED 31 MARCH 2021

I report to the trustees on my examination of the financial statements of The Jewish Volunteering Network (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the charity’s gross income exceeded £250,000 the examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination, I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting standards of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

D M Cramer FCA Blinkhorns 27 Mortimer Street London W1T 3BL

Dated: …………………….

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 Including Income and Expenditure Account

Note
Income
Donations and Grants
3
Charitable Activities
4
Investment
5
Total Income
Expenditure
Costs of Raising Funds
6
Costs of Charitable Activities
7
Total Expenditure
Net Income/(Expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds at 1 April 2020
TOTAL FUNDS AT 31 MARCH
2021		 Unrestricted
£
233,517
66,737
116
300,370
24,867
225,434
250,301
50,069
(4,602)
45,467
143,997
189,464		 Restricted
£
64,283
6,167
-
70,450
-

85,609
85,609
(15,159)
4,602
(10,557)
30,390
19,833		 2021
Total
£
297,800
72,904
116
370,820
24,867
311,043
335,910
34,910
-
34,910
174,387
209,297		 2020
Total
£
268,500
109,524
465
378,489
33,861
346,931
380,792
(2,303)
-
(2,303)
176,690
174,387

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The attached notes form part of these financial statements.

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed Assets
Tangible assets
11
Current Assets
Debtors
12
Cash at Bank and in hand
Total Current Assets
Liabilities
Creditors: Amounts falling
due within one year
13
Net Current Assets
Total Assets less Current
Liabilities
Funds
Unrestricted Funds
14
Restricted Funds
14		 2021
£
£
3,132
6,585
210,181
216,766
(10,601)
206,165

209,297
189,464
19,833
209,297		 2020
£
£
-
3,038
176,885
179,923
(5,536)
174,387
174,387
143,997
30,390
174,387		 2020
£
£
-
3,038
176,885
179,923
(5,536)
174,387
174,387
143,997
30,390
174,387
216,766
(10,601)		 179,923
(5,536)
174,387
143,997
30,390
174,387

The trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 and members have not required the charitable company to obtain an audit for the year in question in accordance with section 476 of the Act.

The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with the requirements of section 368 of the Companies Act 2006 and for preparing financial statements which give a true and fair view of the state of affairs of the company at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies.

The Financial Statements were approved by the trustees on 12[th] October 2021 and signed on their behalf by:

......................... Daniel Levy Chairman

Company Registered No. 06826136

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Note

1. BASIS OF PREPARATION

The accounts have been prepared in accordance with the charity's Articles of Association the Companies Act 2006 and “Accounting and Reporting by Charities: 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention. The accounts present a true and fair view and no changes have been made to the principal accounting policies adopted below.

The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

2 ACCOUNTING POLICIES

2.1 Incoming Resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

The charity received money mainly through donations and events occurring within the year.

Income is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business net of discounts.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

2.2 Expenditure and Irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been included under expense categories that can be directly related to each activity. Where costs cannot be directly attributed to particular activities they have been allocated on a consistent basis.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Costs of charitable activities relate to the furtherance of the charities objectives.

Costs of raising funds relate to events and other activities through which the charity raises its profile.

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2021

2.3 Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity’s activities.

These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 8.

2.4 Restricted and Unrestricted Funds

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. Restricted funds are donations and grants which the donor has specified are to be solely used for a particular area of the charity’s work or for specific projects undertaken by the charity.

2.5 Fixed assets

Property, plant and equipment initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognjsed as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Computer equipment 33 1/3% straight line

The gain or loss arising on disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss.

2.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.7 Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.

2.8 Basic financial liabilities

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

2.9 Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2021

2.10 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3.
Income from Donations and
Grants
Donations
Grants
Government grants – Job
Retention Scheme
4.
Income from Charitable
Activities
Membership Subscriptions
Events
Advertising
Fees
5.
Investment Income
Bank Interest
6.
Costs of raising funds
Fundraising costs
Staff Costs		 Unrestricted
£
150,813
50,017
32,687
233,517
Unrestricted
£
3,645
53,342
-
9,750
66,737
Unrestricted
£
116		 Restricted
£
27,800
36,483
-
64,283
Restricted
£
-
-
-
6,167
6,167
Restricted
£
-		 2021
Total
£
178,613
86,500
32,687
297,800
2021
Total
£
3,645
53,342
-
15,917
72,904
2021
Total
£
116
2021
Total
£
500
24,367
24,867		 2020
Total
£
170,010
98,490
-
268,500
2020
Total
£
8,030
32,673
31,368
37,453
109,524
2020
Total
£
465
2020
Total
£
1,861
32,000
33,861

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2021

Note

7.
Costs of charitable activities
Printing, design and public relations
Travel expenses
Consultancy
Miscellaneous expenses
Seminars and meetings costs
Awards
Project Impact
Support Costs
Governance Costs
Analysed by Fund
Unrestricted Funds
Restricted Funds		 2021
Total
£
431
28
7,546
2,839
948
8,976
47,278
242,079
918

311,043

225,434
85,609
311,043
 2020
Total
£
2,559
2,759
4,304
4,113
7,513
19,108
36,816
268,673
1,086
346,931
256,425
90,506
346,931
8.
Analysis of Governance and Support Costs
Rent and service charges
Advertising and marketing
Website and IT
Bank charges
Insurance
Salaries
Training & Membership
Depreciation		 General
Support

£
27,221
3,340
5,533
-
1,023
198,429
4,967
1,566
242,079		 Governance
£
-
-
-
918
-
-
-
-
918		 2021
Total

£
27,221
3,340
5,533
918
1,023
198,429
4,967
1,566
242,997		 2020
Total
£
41,019
4,678
7,552
1,086
982
212,020
2,422
-
269,759

These costs are wholly charged to costs of charitable activities apart from salaries which are allocated on a time basis between fundraising and charitable activities.

9. Trustee transactions

During the year, no trustees received any remuneration (2020 - £Nil) During the year, no trustees received any reimbursement of expenses (2020 - £Nil)

Donations by trustees during the year amounted to £21,670 (2020 - £21,118)

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2021

Note

10. Staff Costs

Staff costs were as follows

Staff costs were as follows
Wages and salaries
Employer National Insurance contributions
Pension contributions		 2021
Total
£

198,518
15,111
9,167

222,796
 2020
Total
£
219,971
16,820
7,229
244,020

The average monthly number of employees during the year was as follows:

2021 2020
No. No.
8 8

During the year, the number of employees whose employee remuneration (excluding pension contribution) was £60,000 or more were:

2021 2020
Number Number
£70,000 - £79,999 1 1

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2021

Note

11. Tangible fixed assets
Cost:
At 1.4.2020
Additions
At 31.3.2021
Depreciation:
At 1.4.2020
Depreciation charged in the year
At 31.3.2021
Carrying amount:
At 1.4.2020
At 31.3.2021
12. Debtors
Prepayments
Debtors
13. Creditors: Amounts falling due within one year
Accruals and deferred income		 Computer
Equipment
£
-
4,698
4,698
-
1,566
1,566
-
3,132
2021
Total
£
1,074
5,511
6,585
2021
Total
£
10,601
10,601		 2020
Total
£
1,023
2,015
3,038
2020
Total
£
5,536
5,536

Deferred income relates to grants received just prior to year end for work to begin in the next financial year.

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2021

Note

14.
Restricted Funds:
Supported Volunteering
Regional
Training
Turning Point – Ex offender
Project Impact – Youth
Total Restricted Funds
General Funds
Total Unrestricted Funds
Total Funds
15.
Analysis of net assets
between funds
Fund balances represented
by:
Net Current assets		 At
1.4.20
£
5,319
-
-
1,302
23,769
30,390
143,997
143,997

174,387
Unrestricted
funds
£
189,464		 Incoming
resources
£
-
5,483
12,000
12,000
40,967
70,450
300,370
300,370
370,820
Restricted
funds
£

19,833		 Outgoing
resources

£
(2,302)
(9,102)
(16,000)
(10,927)
(47,278)
(85,609)
(250,301)
(250,301)
(335,910)
2021
Total

£

209,297		 Transfers
(3,017)
3,619
4,000
-
-
4,602
(4,602)
(4,602)
-
2020
Total
£

174,387		 At
31.3.21
£
-
-
-
2,375
17,458
19,833
189,464
189,464
209,297

16. Taxation

All of the activities of the company carried out during the year are exempt under Section 505 of the Income and Corporation Taxes Act 1988

17. Legal status of the Charity

All of the activities of the company carried out during the year are exempt under Section 505 of the Income and Corporation Taxes Act 1988. The charity is a private company limited by guarantee incorporated in England and Wales. The registered office is Schaller House, The Wohl Campus for Jewish Education, 44A Albert Road, London NW4 2SJ.