Charity Number.. 1134935 Company No.. 07087270 JNETIC8 (Limllod by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2020
Jnetlcs Contents of tho Flnan¢ial Statemontsfortheirar eMded31 De¢¢mber2020 Paga Reference and Administrative DetsHs Report of the Directorstrruslees Report of the Indep8nd•nt Examiner &7 stst8menl of Financial Activities Stalemont of Fin8nci81 Posltlon Notes to the Flnanc4al Statements 10-14
Jnetics Reference and Admlnlstratrve Detsils forthe year ended 31 Dfflber 2020 DiroCtorsrfru8tfjes AL Angei RF Ang81 ED Jacobs PA Jacobs IBP Pea Dr fm Rolhenberg E Kerr D Quint J Harri$ (resign&J 30 March 20201 (resigned 18 June 2020} (restgned 18 June 2020) (resigned 6 Jun8 20201 (appointed 26 OCtor 20201 Sècr8tary PA Jacob8 {resyned 18 Jun• 20201 Roglstered Offlce Unlt 207 Balfour Hou 741 Hlgh Road Flnchloy London N12 OBP Rgglst•r8d Number 7087270 Engllsh Charfty Numb•r 1134935 Indgpendent Examlnar Emma Benlamln For and on behalf of Oliver Clive & Co Limited Ollvor Cllvg & Co Llmlted Chartered A¢countant$ 14 Davld Mews London W1 U 6EQ Banker¥ Barclays Bank UK PLC 1 Churchlll Place London E14 SHP England nnnnnnpana I
Jnetics Rèport of thé Directors for the year ended 31 December 2020 The directors are pleased lo Prn1 their rop)rt together th the financlal statements for thè year ended 31 December 2020. Prlnclpal Activitla$ and Chatable Objectlv•• The charity wa8 established for the followng purpN)S8S= To in¢re8se awareness and understsnding of Jewish genotic disorders (JGDsl among aff8cled families, patient groups. healthcare professionals. and tha Jewish and wider communlty. To improve acc&ss to tho best available inforniation. servIs, and Support r8laling to Jewish gen8lk disorders. To facilitate access lo responsible and prof8ssional testing services for peoF4e at risk of passing on. and those dire¢tty affected by, Jewish genetic disorders. In 8stats41shlng thé activill8s of the charity. the directors have given due wisiderallon to the Ch8rfty Commission's guidance regarding the prowsion of public benefiL Achlevem•nts and P•rforman¢e Th8 SUPPOrt Jnetics offers th• community has grown rapidly in recent years, with a commensurate increase we have received from the ¢ommunity. Despite the onset of the Covid 19 pandomlc In 2020. incoming resources Increased by 106% in 2020 Compared wth 2019, whKh was a signiflcanl achievement. Amongst a number of contribullng factors, wore the incom8 rrfeived from the inauguf81 annual dinner not wilhstanding thal11 was Cancelled 4 days bèfore the event. and the introduction of new income $treams following the appolntmeni of new CEO with considerable fundraising experien¢e. in August 2020. During 2020, Jneli¢s' primary focus was to maintain the delivery of our screaning programme through the pandemic to as many young Jewish adults in the UK as possible. A move to a remotely delivgr8d counselling and postal screening service enaed this to successfully happen through the Bamet clinic and the universllies. Schools proved to be a consKlerable ¢h8llen9e wth only 120 schoolchildren being screened bethen Jan and Mar¢h 2020. Despite the pandemi¢. 206 yDung adults were screened In 2020 through the dinic12019..243}. The launch of virtual Untversily s¢reening wegk allowed us lo reach 394 students across 58 different educational cenlres in the UK. Jnolic's efforts in educating the cornmunity about BRCA were severely disrupted in 2020. as the charity was unable lo support the education of gills in schjds through the BYB programme as in previous years.
Jnetics Report of th• Directors (continued) for the year ernled 37 December 2020 Plans for Future P•riod8 For 2021 and beyond th8 Directors will conlinue to focus on enhad fundraising 8ffort$ to grow the new income streams that were initiated in 2020. This will enabl8 Jnetics lo deliver on its ambitions. FIrSY, lo prevent the birth into the community of any further children with any of th8 devastating recessive conditions that we screen for. and secondly, lo improve the prevention and management of all Jewish genetic disorders. The first half of 2021 saw the launch of Jnelics, first chalKgnge event. a Patron's supper. and a number of smaller online fundraising events. all well attgnded. all important fa¢tors to the growth of th8 Charity's supporter base. After years of research a new èxpanded panel of 47 conditions is due for launch in October 2021. The pan81 consists of further Conditions prevalent in the Ashkenazi community. logether with a number of conditions preval•nl in th• Sephardi and Mizrachi ¢ommunities. Following the $ucc8ss of the 2020 UnNersilies Scraening Week, this will be realed in November 2021, whore w• intend lo screen 300 students across the UK We also hop8, as the pand&mi¢ eases. lo rentar Schools In the Autumn tem. The Jnèllcs cllnic wll continue in a virtual w8y. The Introduction of a couples screening al 8 more attracllve prfce point in thè summer of 2021 ha$ already proved successful and we plan to grow the screening numbers through tha clinic In 2021 and beyond. Engag8menl w6th and support from the ¢ommunrty remain crib¢81. The fvture success of Jnetics will depend on successfully expanding our current donor base. A great de81 of work will be done in thls arna In 2021. We have 8een a 81gnlfi¢ant change developing in the mindset of tho communlty in relation to our work. thereby enabllng us together lo a¢hlev6 our otyoctNes more easily. Fln•nclal r•vl•w Prlnclpal sources of fundlng The charity receives most of its fvnding from donations and was at4e lo daim gift aid where applicablg. Rgsults for the yaar The financial statements for the ar are sel out in pages &14. The Statement of Financial Actlvilies on page 8 reflects a surplus of £148,45412019- deficit of £173.9731 in the year. nnnnnnD4na ?
Jnetics Report of the Directors (continued) for the year ended 31 December 2020 The charity aims to maintain free re$8rves sufficient to financ£ tts oparating costs for around 6 months. Reserves excess of this amount ar8 apF4ied to further the charitys objectives. The charilYs reserves a131 December 2020 amounted to £243.750 {2019- £95.2961. of whiGh £243,487 {2019- £61,340) related lo unreslri¢ted funds and £231 12019- £30,676) to restricted funds. Structur9* govornance and rnanagomenl Stslus of Charity and Goveming Dccument Jnatics I'lhe ch8riWI is a company limited by guarantee {No.070872701 and a re¢ognised English Charlty (No. 11349351. goveined by ils M8rnorandum and Artid8s of Associal¥)n. The charity was incorporated as Jewlsh Genetic Disorders UK on 25 November 2W9 and changed its name to Jnets'cs on 2 Juty2015. Appolntm•nt of Dlr•ctorn New Directors are nominated for 8ppolntmenl by the 6xisting Dir6clors. There is a three year lemi for Dire¢lorship subject lo reappoinlmenl. Prior to their appointment. new Directors are made familiar with the charills valuas, ils aims and objectivgs, as well as its d8y-t(>day operatw)ns. As port of their induction programme new Dlre¢loryJ ar• required to understand their stalulory resFon$ibilili8S. In the Course of Its efforts to improve ils govemance structure. on6 new trustee w8$ appointed in 2020. ststomfrnt on Rlsk The Dire¢lors are assesslng tho Major risks to whKh the charity is exposed on an ongoing basis and ar8 eslabllshlng procedures to mitigate those that are identifed a$ a resull of these rev. Offl¢g Bearers Th6 Directorn who served during the year and to the dale of this report were as follows.. AL Angel RF Angel ED Jacobs PA Jacobs IBP Peart Dr TM Rolhenberg E Kerr D Quint J Harris Iresigned 30 March 20201 (resigned 18 June 2020) I19ned as dir•ctor 18 Jun8 21)20} Iresign8d 6 June 20201 18ppointed 26 October 2020) nnnnnnD A
Jnetics Report of the Dlrectors l¢ontinuedl for the year ended 37 Dgcembgr 2020 Statom8nt of Dir•ctors' Re8ponslbillti•$ Company law requires the dir6Ctors to prepare finanaal statements that givg a true and f8lr view of thè slalg of affairs of the charity and of ils incoming resources and application of resources induding Its surplus or defidl for that period. In doing so the dlrectors are requirad to: Select suitable aCntIng pc4icl•s and then aFvty Iham o)nsistenlly, make judgements and eslimales that are roasonabl8 and prudent.. prepare the financial statèments on the going concem basis unless it inappropriate lo presume that the company will continu6 rts 8Ctivities. The dlrectors are responslbls for k#eping proper accounting records whh disdose wf(h reasonable accuracy al any lime the charity's financ1 position and enable them lo ensurè that the financial stslemenls comply wlh th8 Companies Act 20C*. They arg also responsib for safeguarding the assets of the charity 8nd hence for taking re8sonable steps for the provenln and deteCtn of fraud and other irwularltles. This rgport has bgen prspared in 8ceordance wllh the spec1 ProviOn5 of Part 15 of the Comp8ni8s Act 2006 relating lo small comp8nies. On )ehaW of the 8oard AL Angel Dlrector Date.. 27 September 2021
Jnetlcs Independent Examin8rfs Report lor the yearded 31 De¢ember 2020 I report on the financial slaloments of tha Trust for the period end1 31 Dec8mber 2020. which are set out on pages 8 to 14. Ro•P8¢tlv• rgsponslbllltlos of trustèes and examlner Tho charitvs dirèctors are responsible for the preparation of the financial stalaments. The ch8ritys directors consider that an audit is not required for this year under seclion 144{1 Ila) of the Charits'es Act 2011{Ihe 2011Actl and that an Independent examinatlon is needed. 11 is my responsibilty to.. 1. oxamine the accounts (under section 145 of the 2011Act)' 2. follow the procedures laid down in the Generd Directions given by th• Charfty Commission (under section 145{5)b of the 2011Actl,' and 3. sl8t8 whether particular matters have como to my 8tt8nlion. 8asls of Ind•pond&nt oxarnln•rf• report My 6xamination was eorried out in accJJrdance vrfth the Gèneral Directions given by th8 CharSty Commission. An xaminalion includes a revi6w of the accounting records kepl by the charity and 8 comparison of the financial statements presented with those records. It also includes consideratk)n of any unusual items or disc108ures in the financi818talemenls, and seeking explanatmS from as trustees concaming any such matters. Th& procedures undertaken do not provide all the evidence that would ba required in an audit and consequently no opinion is given 83 to whether the financid statements present a Irue and f8ir and the report 18 limited to those matters set out in the stalement below. Independant oxamlnorfs statem•nt In Conn110 vlth my examination. no matter has coma to my atlention: la) which giv8s me reasonable cause lo believe that in any material respect the requir8ments {1) to keep accounting records In accordance section 386 of the Companles A¢t 2006., and (ill lo prepare financial statements whh accord with the accounfjng records and compty with the accounting uIreMents of secbon 396 of the Companies Act 2006 and with the Methods and principles of the Statement of RecJ)mmended PractK8: AcCnting and Reporting by Charities. have not been met: or Ib} to which, in my opinion. attention should be drawn in order lo enaL4e a proper understanding of the financial stat&m8nts lo be reached.
Emma Bènjamln For and on behalfof Oliver Clfve & Co Lwnited Indepondent Examlnar Oliv6r Clive & Co Limited Chartered Accountants 14 David Mgws London W1U 6EQ Date: 27 September 2021
Jnetics me non Year End&d 2020 Totsl UnTr•¢ D•ilwwed R•strfthd Funds Fund$ Fund• End•Y 2019 In¢ornlng Rgeour8 Don•tlon¥ and 1•gacI Voluntsry in¢cAne h8r Government grant Total Ineomlno Ro¥ourc•• 4fj8.876 Ico,coo 580.876 276,892 6,945 6,945 575 821 280 129 R8•ource• Expend•d Other Exp8ndilL¥O on Charitab Expenditure on r8iwro fLnds Governan¢e costs Totsl R•r¢ Exp•nd•d 246,931 45.643 110,940 357,871 66,148 430,411 22.645. 292.574 1348 131.445 427,387 454,10 Not In¢om•ll•xwndltuM)Iw th• y•ar Trnn¥f•r8 fund• N•t mov•m•nt In fvnds 183.247 13,3481 131,4451 148,454 1173,9731 I1.11) 182.147 13,2481 130,4451 148.454 1173.973.. Fund b8lanc• •t 31 D•c•mb•r2019 12 61.340 30.876 95,296 289.289 Fund lanc* at 31 DK•mb•r 2020 10.11 487 31 The Statement or rin$4 lTrJudo• all gains and k4s•8 in #raThd tMr8lwg a warate Staterrnt of totsl recognbg¢ ha8 not b68n prepartd. l of t incomi Tho Mt¢s on pw 8 kn 14 fum ts90 finan04 staternts. DAte.' 27 Sèpt¢nknr 2021
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)19 FdallI¢• ¢urr•ThtA•••ts 3Jl$ 33.074 180.7¥k JQl.41 n• y•4r 61.Q12 N•t¢ltrlr•ni 240.405 TtJt•l N•i•4••t 92.016 pr•••n•d by Unrèstiveofurth D•¥VJnO Fun R•61rkW 11 243,487 32 81.340 3,280 30 676 Thocomp•nyw4nMAQ IWybM>wwd 31 O•C•bIr2D2D. 8KLh478o1cWAC42QW. olth• Ccffl¢•w•
1 A¢countlng Pollcies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. 1.1 Ac¢ountlng conventlon The financial statements of the charitable company. which is a public benefit entity under FRS 102. have been prepared in accordance wth the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Slatement 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} (effectiv8 1 January 2015).. Financial Rèportin9 Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Compani&s Act 2006. The financial statements have be8n prepared under the historical t))st convention. 1.2 Basls of accounting The financial slalem8nts have been prepared under the historical cost Convantion. 1.3 Incoming Rosources All incoming resources are induded in the statem8nt of financial 8Ctivities when the charlty is entitled to the income and the amount can be quanttfied with reasonable accuracy. The following specific policies are applied to particular categories of income: I voluntary income and bank inlerest is accounted for en r8¢eiv8d. Tax recovered on Gift Ald is accounted for on an accruals basis. The value of services provided by volunteers has not been Included. Grants are recognised in profit or loss on a systematic basis over the periods in 1¢h th8 entity reGognises expenses for the related costs for whKh the grants ar8 intended to comp8nsate. 1.4 Resources Expended All expenditure is recognised on an accwals basis. Expenditure indudes any VAT which cannot b8 recovered and is included in the relevant costs in the slalement of financial activit18S. Expenditure on ralsing funds comprise th8 Cost of donations made; expenditure on charitable activitles include Costs inGurr8d by the charity in delrv8ry of its activfties and services for its beneficiaries. Governance costs are those incurred in connection with the administrationof the charity and compliance with Ihe constitutionaland statutory wuirements.
1.5 Fund Accountlng General funds are unrestricted funds which are available for use at the discr8tion of the Trustees In the furtherance of the general objectives of the charity and which have not bean designated for other purposes. Restrlcted funds comprise grants and other income recelved for spending on specified purposes as laid down by the grantor. Designated funds present the net book value of the Charitys assets. 1.6 Flxed assets Tangible fixed assets ar8 stated at cost or valuation less d8preciation. D8preciation is provided at rates calculated to write off the cost less estimated residual value of 8ach asset OV8r its gxp8¢ted useful life, as follows.. Computer Equlpment Furnitur8 and Fittings 3 years straight line 4 years straight line 1.7 Golng Concern Ther6 are no material uncertainties about the charitys abilty to contlnue and the Trustees are Confident that the charlty has adequate resources lo continue its op8rations for the forse&able future. Accordingly, the accounts were prepared on a aoinq concem basis.
C r•tas31 6,912 I rJIE91 D1•r2¢éts I,W7 3t 579 27 ¥Mrdj 7.•$7 .J74 J.STS 11•.272 T4Q471 11,074 c4itsiwg1 40•bto rr•d•d•bl Othw d• IH 1317 (XhwANrtd•kn Y•trEr A¢oru•l• In¢on •ip•nd•d' 19 TDl11 20 410.791 410,7•1 IOOA 14G95 Isoj TrusLlSty•wtr 2019 To Totil
2V Tot41 rth Fl ZDI• To Saa 1(. 49.374 $75 1.126 1S•272 141 11,Q7 1154 ¥qenlno 212, 41 041ab O(fico T•lWon 74 14.442 3.005 313 2D,$30 22 4543 &JDdry Coun¥ 1•14 ID.34J e•nk d•b 224 4M47 714 Y•trEr4•d Pw 2010 T¢ T¢4•1 W•h .107 2.4ts5 FuDAllr l)A$4 507 InOWd•ni Eyrl•f 1$74 Jl4ho RCA GENku• 572t• JJ $1, 2419 GENEIL• 5T nn olJnd
F 129?.5741 Goal FUTh1 ia).Ig• 14.010) TD rAx21 12N•tAM•tbypL*d Y••rEndoa- Tthl VLVA cr110 1 emdit 2471 00.•sJ 310T4 13 R•d P•rtyTv4nM¢uD 14 l• Op•NtlnA hiMGommhn•n