OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-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 2023

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee)

CONTENTS

Pages
Reference and Administrative details 1
Trustees’ Report 2-9
Independent Examiner’s Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13-19

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023

President Rosalind Preston
Trustees Daniel Levy (Chair)
Margaret Harris
Richard Werth
Paul Collin (Treasurer)
Joanne Coleman
Sara Conway
Karen Cooper
Eli Gaventa (appointed 19thJuly 2023)
Clive Nathan (appointed 19thJuly 2023)
Max Sobel (appointed 19thJuly 2023)
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

-1-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

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 2023. 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.

-2-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

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

JVN believes that volunteering changes people’s lives, communities and society and that everyone can be inspired to do it. To make this happen, we connect volunteers and support charities. We bring volunteers and charities together and support them, to give more to the Jewish community and wider charity sector. We seek to ensure that every person is empowered and encouraged to volunteer, enhancing the fabric of the charity sector and the local, Jewish, and extended communities.

JVN’s strategic objectives are to:

  1. Connect 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 charity sector

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

JVN is the only year-round space in the Jewish community, which offers potential volunteers a diverse range of volunteering opportunities across the Jewish community and the wider charity sector. We provide charities with connections to a wider pool of volunteers than they can access themselves, as well as giving support to Volunteer Managers

ACHIEVEMENTS AND PERFORMANCE

The last year continued to be challenging, with volunteering participation still reducing and changing. Charities are finding it much harder to find volunteers and reports show that volunteering is at a historic low (Time Well Spent Report 2023, NCVO). The latest report from Pro Bono Economics https://www.probonoeconomics.com/shifting-out-of-reverse) (June 2023) showed that six in ten (63%) small charities now cite volunteer recruitment as a major organisational concern, and most charities now describe their experience of volunteer recruitment as ‘difficult’.

The challenges brought from the start of the pandemic over 3 years ago have sadly continued over the last year, with economic uncertainty, labour shortages and the cost-of-living crisis. Many long-term volunteers stopped during covid and have not returned. This means that the charities we support have been challenged to provide their services, which have been needed increasingly and they need JVN’s support even more, to promote volunteering and connect volunteers, as well as to support them to manage volunteers.

In challenging times, although it may be counterintuitive, it can be harder to place volunteers with charities because of a lack of resource and being generally stretched, even if they do know that volunteer engagement can offer extra degrees of care that cannot be delivered by professional staff. Volunteers themselves can be cautious about making extra commitments, having to make cutbacks within their home budgets, needing to get paid work or looking after grandchildren whose parents are working more, as well as a general sense of fear to commit

-3-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

We have kept going, working hard to get more people volunteering, despite the challenges. Over the past year, JVN’s unique role in connecting, placing and supporting volunteers into charities continues to be invaluable. We know that volunteering helps people get through crises, whether they are helping people online or in person. Volunteering has many health benefits and at a time when loneliness, isolation and poor mental health continue to be very real issues, volunteering helps to keep people active, engaged with the community and ensures they had a focus and purpose. It is one aspect of their life that they have control over

In this year, April 2022 -March 2023 we achieved our objectives in the following ways:

1. Connect, support and deliver volunteers to volunteering opportunities

Light Up a Life: One of our charity partners, Gift took over responsibility for the ‘Light Up a Life’ winter volunteering opportunities programme and agreed we could partner with them to explore how this project could be delivered moving forward, as a pilot in 2022, with a review in 2023 to see its viability moving forward.

This stream of work is of particular importance to charities to support them in engaging the next generation of volunteers, donors and trustees

-4-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

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

JVN provided Volunteer Managers from a range of organisations with a wider place to share challenges arising from the pandemic and be supported. These included regular Volunteer Managers’ Forums and regular training sessions:

-5-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

3. Promote volunteering in the Jewish community and wider sector

-6-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

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

Going Forward

The global situation remains challenging with 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, as charities have fewer resources to deliver their important services.

We will continue to work with charities to help them craft volunteering roles, with more flexibility to respond to the needs expressed by prospective volunteers, particularly young adults.

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.

We hope that our training and development 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 is challenging in this economic situation and will continue to look for ways to ‘barter’ services with other charities and seek sponsorship.

The voluntary sector shares the challenges of the current economic situation and can offer solutions, as has been proved over recent years. There are evolving needs to be met and volunteering is still changing, meaning that opportunities that are needed may not be filled and charities will have to be more creative in engaging volunteers. There are real concerns moving forward for Volunteer Managers and for charities in general, on how they are going to continue to provide services in this economic crisis and how they will recruit and retain volunteers. With mental health and wellbeing affected considerably by the pandemic and volunteering being known to have a positive effect on this, JVN is well placed to capitalise on the benefits of volunteering. To that end, we are planning a number of new and creative projects to engage volunteers, specifically those in their 20s and 30s, who charities must engage with now to secure their future.

-7-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

FINANCIAL REVIEW

During the year to 31 March 2023 the charity received donations, grants and other income amounting to £332,470 (2022: £267,691). Expenditure during the year amounted to £306,559 (2022: £288,885). Unrestricted reserves at 31 March 2023 amounted to £192,792 (2022: £170,786), restricted reserves amounted to £21,222 (2022: £17,317).

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 2023 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 interestbearing 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.

STRUCTURE, GOVERNANCE AND MANAGEMENT

-8-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

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 13 November 2023 and signed on their behalf by:

Daniel Levy Chairman Date. 13 November 2023

-9-

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE JEWISH VOLUNTEERING NETWORK FOR THE YEAR ENDED 31 MARCH 2023

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 2023.

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 Date 13 November 2023

-10-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 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 2022
Total Funds at 31 March 2023		 Unrestricted
£
180,416
129,446
1,386
311,248
26,011
263,231
289,242
22,006
-
22,006
170,786
192,792		 Restricted
£
21,222
-
-
21,222
-
17,317
17,317
3,905
-
3,905
17,317
21,222
 2023
Total
£
201,638
129,446
1,386
332,470
26,011
280,548
306,559
25,911
-
25,911
188,103
214,014		 2022
Total
£
220,446
47,163
82
267,691
26,820
262,065
288,885
(21,194)
-
(21,194)
209,297
188,103

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.

-11-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) BALANCE SHEET AS AT 31 MARCH 2023

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		 2023
£
£
1,609
1,293
220,437
221,730
9,325
212,405
214,014
192,792
21,222
214,014		 2022
£
£
3,103
2,530
188,097
190,627
5,627
185,000
188,103
170,786
17,317
188,103		 2022
£
£
3,103
2,530
188,097
190,627
5,627
185,000
188,103
170,786
17,317
188,103
221,730
9,325		 190,627
5,627
188,103
170,786
17,317
188,103

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 13[th] November 2023 and signed on their behalf by:

.........................

Daniel Levy Chairman

Company Registered No. 06826136

-12-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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.

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.

-13-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023

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 recognised 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.

-14-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023

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
4.
Income from Charitable
Activities
Membership Subscriptions
Events
Fees
5.
Investment Income
Bank Interest
6.
Costs of raising funds
Fundraising costs
Staff Costs		 Unrestricted

£
154,216
26,200
180,416
Unrestricted
£
10,357
113,296
5,793
129,446
Unrestricted
£
1,386
Restricted
£
-
21,222
21,222
Restricted
£
-
-
-

-
Restricted
£
-		 2023
Total
£
154,216
47,422
201,638
2023
Total
£
10,357
113,296
5,793
129,446
2023
Total
£
1,386
2023
Total
£
800
25,211
26,011		 2022
Total
£
161,138
59,308
220,446
2022
Total
£
6,012
36,959
4,192
47,163
2022
Total
£
82
2022
Total
£
750
26,070
26,820

-15-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023

Note
7.
Costs of charitable activities
Travel expenses
Consultancy
Miscellaneous expenses
Seminars and meetings costs
Awards
Project Impact
Support Costs
8
Analysed by Fund
Unrestricted Funds
Restricted Funds
8. Analysis of Support Costs
Rent and service charges
Advertising and marketing
Website and IT
Bank charges
Insurance
Salaries - Unrestricted
Training and membership
Depreciation		 2023
Total
£
1,837
14,257
3,191
3,543
19,162
-
238,558
280,548
263,231
17,317
280,548
2023
Total
£
19,381
12,157
8,736
266
2,063
184,883
8,318
2,754
238,558		 2022
Total
£
1,005
-
3,662
748
65
17,458
236,752
262,065
235,399
26,666
262,065
2022
Total
£
19,381
7,042
6,380
775
1,169
192,305
7,367
2,333
236,752

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 (2022 - £Nil). During the year, no trustees received any reimbursement of expenses (2022 - £Nil). Donations by trustees during the year amounted to £13,200 (2022 - £16,097).

-16-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023

10. Staff Costs

Staff costs were as follows:

Staff costs were as follows:
Wages and salaries
Employer National Insurance contributions
Pension contributions		 2023
Total
£
184,142
17,621
8,332
210,095		 2022
Total
£
192,305
16,063
8,134
216,502

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

2023 2022
No. No.
8 9

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

2023 2022
No. No.
£70,000 - £79,999 1 1

-17-

JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023

11. Tangible fixed assets

Cost:
At 1.4.2022
Additions
At 31.3.2023
Depreciation:
At 1.4.2022
Depreciation charged in the year
At 31.3.2023
Carrying amount:
At 1.4.2022
At 31.3.2023
12. Debtors
Prepayments
13. Creditors: Amounts falling due within one year
Deferred income
Other creditors		 Computer
Equipment
£
7,002
1,260
8,262
3,899
2,754
6,653

3,103
1,609
2023
Total
£
1,293
1,293
2023
Total
£
5,150
4,175
9,325		 2022
Total
£
2,530
2,530
2022
Total
£
5,627
-
5,627

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

-18-

THE JEWISH VOLUNTEERING NETWORK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023

14. Movement of Restricted and Unrestriced Funds

Restricted Funds
Training
Supporting Volunteers
Total
Unrestricted Funds
General Funds
Total
Total Funds		 At 1.4.22
Incoming
Resources
Outgoing
Resources
Transfers
At 31.3.23
17,317
-
(17,317)
-
-
-
21,222
-
-
21,222
17,317
21,222
(17,317)
21,222
170,786
311,248
(289,242)
-
192,792
170,786
311,248
(289,242)
-
192,792
188,103
332,470
(306,559)
-
214,014

15. Analysis of net assets between funds

Fund balances at 31 March
2023 are represented by:
Tangible assets
Net Current assets
Total		 Unrestricted
funds
Restricted
Funds
2023 Total
2022 Total
£
£
£
£
1,609
-
1,609
3,103
191,183
21,222
212,405
185,000
192,792 21,222
214,014 183,301

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

18. 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

-19-