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2022-03-31-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 2022

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee)

CONTENTS

Pages
Reference and Administrative details 1
Trustees’ Report 2-8
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

President Rosalind Preston
Trustees Daniel Levy (Chair)
Margaret Harris
Claudia Fetterman (resigned October 2021)
Richard Werth
Paul Collin (Treasurer)
Hannah Cohen (resigned May 2022)
Joanne 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 2022

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 2022. 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 2022

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. Connect, support and deliver volunteers to volunteering opportunities

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

  3. Promote volunteering in the Jewish community and wider sector

  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. We provide charities with connections to a wide pool of volunteers as well as support for volunteer managers.

ACHIEVEMENTS AND PERFORMANCE

The last year continued to be challenging, to some extent beginning to recover from the extreme pandemic environment, yet still living with covid and volunteering not returning to pre-pandemic levels. The volunteering landscape still encompassed emergency volunteering, skilled volunteering, and volunteering from home, together with small steps towards opening up, such as charity shops.

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

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

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

1. 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 2022

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

3. Promote volunteering in the Jewish community and wider sector

-5-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

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

Going Forward

The global situation remains challenging with covid outbreaks, economic uncertainty, the cost-of-living crisis, the war in the Ukraine and global warming. JVN’s position and role in contributing to the rebuilding of community can be even more important. Going forward the need for volunteers and well-resourced volunteer management will be even more crucial, yet charities have fewer resources to deliver their important services.

We will continue to work with charities to help them re-establish volunteering roles, as well as creating new ones with more flexibility to respond to the lessons learned during the pandemic of demand for one-off or ad hoc volunteering.

In terms of securing funding, robust efforts are made to bring in funding from previous donors, trusts and foundations and our Awards sponsors, as well as approaching new ones.

As training events are restored to in-person, or hybrid models, we hope that our offering will continue to be valued and paid for, especially our Good Practice in Volunteer Management 4-part series, which is now CPD accredited for volunteer managers training.

We are aware however that the funding outlook looks challenging, given that a lot of funds are being diverted to the Ukraine situation and potentially the tightening of an economic situation. 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.

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

During the year to 31 March 2022 the charity received donations, grants and other income amounting to £267,691 (2021: £370,820). Expenditure during the year amounted to £288,885 (2021: £335,910). Unrestricted reserves at 31 March 2022 amounted to £170,786 (2021: £189,464), restricted reserves amounted to £17,317 (2021: £19,833).

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 2022 this had been achieved. Continued fundraising efforts are made to maintain the required level of reserves.

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 prepared cash flow forecasts and profit projections which demonstrate the charity can continue as a going concern.

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

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 28[th] October 2022 and signed on their behalf by:

Daniel Levy Chairman

-8-

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 2022.

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 2022 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 2021
TOTAL FUNDS AT 31 MARCH
2022		 Unrestricted
£
176,463
47,163
82
223,708
26,820
235,399
262,219
(38,511)
19,833
(18,678)
189,464
170,786		 Restricted
£
43,983
-
-
43,983
-
26,666
26,666
17,317
(19,833)
(2,516)
19,833
17,317
 2022
Total
£
220,446
47,163
82
267,691
26,820
262,065
288,885
(21,194)
-
(21,194)
209,297
188,103		 2021
Total
£
297,800
72,904
116
370,820
24,867
311,043
335,910
34,910
-
34,910
174,387
209,297

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

All income and expenditure derive 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 2022

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		 2022
£
£
3,103
2,530
188,097
190,627
5,627
185,000
188,103
170,786
17,317
188,103		 2021
£
£
3,132
6,585
210,181
216,766
10,601
206,165
209,297
189,464
19,833
209,297		 2021
£
£
3,132
6,585
210,181
216,766
10,601
206,165
209,297
189,464
19,833
209,297
190,627
5,627		 216,766
10,601
209,297
189,464
19,833
209,297

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 28[th] October 2022 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 2022

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 2022

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 2022

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
Fees
5.
Investment Income
Bank Interest
6.
Costs of raising funds
Fundraising costs
Staff Costs		 Unrestricted

£
161,138
15,325
176,463
Unrestricted
£
6,012
36,959
4,192
47,163
Unrestricted
£
82		 Restricted
£
43,983
-
43,983
Restricted
£
-
-
-
-
Restricted
£
-		 2022
Total
£
161,138
59,308
220,446
2022
Total
£
6012
36,959
4,192
47,163
2022
Total
£
82
2022
Total
£
750
26,070
26,820		 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

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

Note

7.
Printing, design and public relations
Travel expenses
Consultancy
Miscellaneous expenses
Seminars and meetings costs
Awards
Project Impact
Support Costs
Turning Point
Governance Costs
Analysed by Fund
Unrestricted Funds
Restricted Funds		 2022
Total
£
-
1,005
-
3,662
748
65
17,458
236,752
2,375
-
262,065
235,399

26,666
262,065		 2021
Total
£
431
28
7,546
2,839
948
8,976
47,278
242,079
918
311,043
225,434
85,609
311,043
8.
Analysis of Governance and Support Costs
Rent and service charges
Advertising and marketing
Website and IT
Bank charges
Insurance
Salaries
Training & Membership
Depreciation		 2022
Total

£
19,381
7,042
6,380
775
1,169
192,305
7,367
2,333
236,752		 2021
Total
£
27,221
3,340
5,533
918
1,023
198,429
4,967
1,566
242,997

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 (2021 - £Nil) During the year, no trustees received any reimbursement of expenses (2021 - £Nil) Donations by trustees during the year amounted to £16,097 (2021 - £21,670)

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

Note

10. Staff Costs

Staff costs were as follows

Wages and salaries
Employer National Insurance contributions
Pension contributions		 2022
Total
£

192,305
16,063
8,134
216,502		 2021
Total
£
198,518
15,111
9,167
222,796

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

2022 2021
No. No.
9 8

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

2022 2021
Number Number
£70,000 - £79,999 1 1

JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

Note

11. Tangible fixed assets

11. Tangible fixed assets
Cost:
At 1.4.2021
Additions
At 31.3.2022
Depreciation:
At 1.4.2021
Depreciation charged in the year
At 31.3.2022
Carrying amount:
At 1.4.2021
At 31.3.2022
12. Debtors
Prepayments
Debtors
13. Creditors: Amounts falling due within one year
Accruals and deferred income		 Computer
Equipment
£
4,698
2,304
7,002
1,566
2,333
3,132
3,103
2022
Total
£
2,530
-
2,530
2022
Total
£
5,627
5,627		 2021
Total
£
1,074
5,511

6,585

2021
Total
£
10,601
10,601

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 2022

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
1.4.21
£
2,375
17,458
19,833
189,464
189,464

209,297
Unrestricted
funds
£
170,786		 Incoming
resources
£
-
43,983
-
-
43,983
223,708
223,708
267,691
Restricted
funds
£

17,317		 Outgoing
resources

£
-
(26,666)
-
-
(26,666)
(262,219)
(262,219)
(288,885)
2022
Total

£

188,103		 Transfers
-
-
(2,375)
(17,458)
(19,833)
19,833
19,833
-
2021
Total
£

209,297		 At
31.3.22
£
17,317
-
-
17,317
170,786
170,786
188,103

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.