## **Forum For Jewish Leadership Limited** 

(by guarantee) 

Company number 07453042 Charity number 1139858 

Trustees’ Report 

And Financial Statements 

For the period ended 

31 December 2020 



**Forum for Jewish Leadership Limited** 

|Contents|Page|
|---|---|
|Legal and administrative information|1|
|Trustees’ report|2 - 5|
|Independent examiner’s report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Statement of Cash flows|9|
|Notes to the financial statements|10 - 15|





Page 1 

## **Forum for Jewish Leadership Limited** 

## **Legal and administrative information** 

## **Directors / Trustees** 

Andrew Savage Rabbi Neil Schiff Dr Asher Steene 

## **Key management personnel** 

Ben Thwaites 

## **Registered Office** 

379 Hendon Way London NW4 3LP 

## **Details of Incorporation** 

The company was incorporated on 26 November 2010 in England under company registration number 07453042, and was registered with the Charity Commission on 14 January 2011, governed by its memorandum and articles of association, charity number 1139858. 

## **Reporting Accountants** 

Crowe U.K. LLP Aquis House 49-51 Blagrave Street Reading Berkshire RG1 1PL 

## **Bankers** 

National Westminster Bank Plc 5 Central Circus Hendon Central London NW4 3LE 



Page 2 

## **Forum for Jewish Leadership Limited** 

Trustees’ Report for the year ended 31 December 2020 

The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their report and the financial statements of Forum for Jewish Leadership Ltd (the company) for the year ended 31 December 2020. The trustees confirm that the annual report and financial statements of the company comply with current statutory requirements, the requirements of the company’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in 2015. 

Legal and administrative information set out on page 1 forms part of this report. 

## **Structure, Governance and Finance** 

The company was incorporated on 26 November 2010 as a company limited by guarantee and registered as a charitable company on 14 January 2011. Its objectives are to attract, educate and empower a generation of intelligent, focused and globally-minded young Jews, giving them the skills and confidence to be effective and committed leaders of the Jewish and wider community. 

The trustees, who are also the directors for the purpose of company law, and who served during the year were A Savage, N Schiff  and A Steene. None of the trustees has any beneficial interest in the company. 

On 15 May 2012, the trustees were replaced as members by Jewish Futures Trust Limited which became the parent undertaking and at present guarantees to contribute £1 in the event of a winding up. During the course of the year JFT provided central head office services to FJL and JFT’s other subsidiary charities at cost (as detailed in the notes to the accounts), to enable the group to benefit from econonmies of scale. It encouraged group charities to use the resources of sister charities to benefit from their expertise, in furtherance of each others’ charitable ohjectives. 

The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association. The number of trustees shall not be subject to any maximum but shall not be less than two. The appointment and training of a new trustee is subject to the oversight of current trustees. 

There are no specific restrictions imposed by the governing document concerning the way the charity can operate. 

Volunteers are not used by the charity to fulfil any charity or operational activities. 

## **Charity’s Objectives and Activities** 

The Forum for Jewish Leadership (FJL) was established to identify, educate and empower young Jewish leaders through programmes and activities which connect them to their community, culture and heritage in a meaningful way. In doing so, we seek to enable those leaders to make long term contributions across the community. FJL seeks to meet these objectives by running seminars and programmes in the UK, Israel, the US and Europe. 

## **Achievements and Performance** 

FJL, like many charities was deeply impacted by the Covid-19 pandemic that struck the world in 2020. Its major international programmes, in USA, Israel and UK had to be postponed and UK activities had to convert to digital online programmes. Where possible contact with international students was maintained with a range of on line programmes that the Charity was able to implement very quickly. 



Page 3 

## **Forum for Jewish Leadership Limited** 

Trustees’ Report (continued) 

## **Fundraising** 

Forum for Jewish Leadership’s fund-raising is principally from Trusts and Foundations and individuals particularly from people or organisations who either use or have benefited from the charity’s activities and have wished to show their appreciation. FJL does not engage in large scale fund-raising activities like mass mailings, telephone fund-raising or door-to-door campaigns. FJL does not employ a professional fundraiser nor engage the services of any third-party organisations to help raise funds. To this end, the trustees have not considered it necessary or appropriate to sign up to any regulatory code of fundraising practice but aims to ensure that fundraising is done professionally and in accordance with good practise. FJL has not received any complaints about any aspect of its fund-raising during 2020 or since then. 

## **Financial Review** 

During the year, despite impact of Covid-19, FJL generated a surplus of £15,388 (2019: deficit of £2,977). Total Funds on the balance sheet are now a £14,233 (2019 deficit of £1,154). Free Reservcs at 31 December 2020 were £14,233 (2019: £nil). 

FJL is supported by a broad spectrum of donors from across the community, ranging from grassroots student-level programme participants and alumni to a number of philanthropists and Foundations who partner with our charity and help encourage our activities. Most fundraising is done through direct relationships with our partners and through effective communication of the importance of our work to the wider audience of our supporters. 

Since 1 November 2017, FJL has worked in partnership with Aish Hatorah UK Ltd, a group charity, both of whoms’ sole member is Jewish Futures Trust Ltd. The partnership works to enable FJL to deliver its activities in a more focused way to UK students , and Aish Hatorah provides financial support for FJL UK activities. 

All of FJL’s expenditure is focused on creating the wide range of successful high-quality educational courses and popular, impactful activities that deliver our stated charitable objectives. 

As trustees, we cannot stress enough how grateful we are for the support provided by our contributors. The funds provided and the time and care contributed are significantly impacting those participating in our programmes and, by extension, the wider community and, although our thanks are expressed regularly in person, it would be remiss not to mention the immeasurable difference that all involved in the charity are making. 

## **Key Risks and Uncertainties** 

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. A reduction in donor base could cause cash flow issues; any delayed receipt of pledged donations or participants income could also potentially cause cash flow issues. The major risks facing the charity are reviewed regularly at management meetings. Regular reviews of cash flow projections and budget forecasts are also undertaken, as well as a continual drive to reduce expenditure and negotiate better terms and rates. 

## **The impact of Covid-19 in 2020** 

The ongoing COVID-19 crisis has significantly impacted upon the Charity’s planned activities and programmes. All activities involving social interaction had to stop in March 2020, but the charity has been able to move to digital platforms to deliver events and programmes. 

Staff were put on furlough and actions taken to reduce costs of operations to limit the drain on resources. The Covid-19 crisis has impacted on the ability of the Charity to raise funds in the normal way, compared to previous years. However supporters have recognised that the Charity has still been able to deliver high quality programmes and remain supportive of its work. Fundraising initiatives are still producing appropriate income for the Charity. 



Page 4 

## **Forum for Jewish Leadership Limited** 

Trustees’ Report (continued) 

## **The impact of Covid-19 in 2020, continued** 

Management and Trustees are monitoring the Charity cost base on a regular basis to ensure that programme, event and educational costs do not exceed foreseeable income. The Management Team are regularly assessing the operational and logistical capabilities and finance consequences to update plans and budgets. 

## **Public Benefit** 

The trustees acknowledge the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s published general and relevant sub-sector guidance on public benefit. 

All activities undertaken by FJL are for the public benefit. With a range of activities offered for a generation of able young leaders, the organisation’s operation is very much geared to providing benefit to the Jewish and wider community as is highlighted by the activities reported herein. By encouraging those who participate in our programmes to consider their moral responsibility as givers 

## **Plans for the Future** 

The trustees plan to continue with on line programmes  developed during the Covid-19 crisis . The potential for international programmes for 2021 are under constant review. 

## **Reserves** 

Up until recently, FJL has not had an official reserves policy. The trustees have determined that FJL should endeavour to hold free reserves representing 3 months of operational costs, approximately £15,000. The trustees aim to have met this reserves target by the end of 2021. 

The Charity has always functioned with a low level of Reserves and the Trustees are satisfied that the level of Free Reserves is adequate to deliver adjusted programmes and resources. The level of Free Reserves has been reviewed in light of the COVID-19 crisis and are considered adequate given the nature of the crisis. The Board will continue to review the Charity’s reserves and its policy annually; more frequently if circumstances dictate. 

## **Trustees’ Responsibilities in Relation to the Accounts** 

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations. 

Company law requires the trustees to prepare financial statements for each financial period. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the trustees are required to: 

- a. select suitable accounting policies and then apply them consistently; 

- b. make judgements and estimates that are reasonable and prudent; 

- c. follow applicable UK accounting standards and the Statement of Recommended Practice, subject to any departures disclosed and explained in the accounts; 

- d. prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 



Page S
Fornth forJeTrYish Le*dershlp LI￿{ted
T￿￿. Report (continued)
Trufjtees, Respoll8ibilitie$ im Rel*tion to the A¢¢•uots, eontlnued
The trL￿ee5 sre responsible forkeepingadequate accounting records ¢hatare su£ficient to show andexploin
the company's transactions and dÈsclose with rcawnable accur*y at any t2me the financial poyition of the
company and enable them to ensure that the financial staiem¢nts ¢omply with the Companies Act 2006.
They are a150 responsible fOr￿fegUardIng the assets of the ¢ompany and hence for taking redsonable st¢ps
for the prevention and detection of fraud and other irregularities.
This rtyctt has been pr¢par¢d in ac¢ordanc¢ with the provisions applicable to compani¢s subject to thc
Sm￿1 companies, regime and was approv¢d by the trustees Oft 13 August 2021 and sI￿¢d on their behalf
by:
£t2o/u
A Stwe
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Page 6 

## **Forum for Jewish Leadership Limited** 

## **Independent examiner's report to the trustees of Forum for Jewish Leadership Limited** 

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2020, which are set out on pages 7 to 15. 

This report is made solely to the charitable company’s trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company’s trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charitable company’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body and the charitable company’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed. 

## **Responsibilities and basis of report** 

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the Company 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent examiner’s statement** 

Since the Company’s gross income exceeded £250,000 your 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 a member of The Institute of Chartered Accountants of 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: 

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

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements 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 accounts 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 accounts to be reached. 


Alastair Lyon FCA DChA Aquis House 49-51 Blagrave Street, Reading, Berkshire, RG1 1PL 

17 August 2021 



Page 7 

## **Forum for Jewish Leadership Limited** 

## Statement of Financial Activities 

for the period ended 31 December 2020 

||Note|Unrestricted|Restricted|2020|2019|
|---|---|---|---|---|---|
|||Funds|Funds|Total Funds|Total Funds|
|||£|£|£|£|
|**Income:**||||||
|Donations and legacies|4|98,765|-|98,765|201,704|
|_Income from charitable activities:_||||||
|Participant payments||66,836|-|66,836|164,411|
|Other income|4|29,211|-|29,211|-|
|**Total income**||194,812|-|194,812|366,115|
|||______|______|______|______|
|**Expenditure:**||||||
|_Raising funds:_||||||
|Donor fundraising costs|5|2,734|-|2,734|3,080|
|_Expenditure on charitable activities:_||||||
|Charitable activities|6|174,001|2,689|176,690|366,012|
|**Total expenditure**||176,735|2,689|179,424|369,092|
|||______|______|______|______|
|**Net (expenditure)/income for the year**||18,077|(2,689)|15,388|(2,977)|
|**Reconciliation of funds:**||||||
|Total funds brought forward||(3,844)|2,689|(1,155)|1,822|
|**Total funds carried forward**||14,233|-|14,233|£(1,155)|
|||======|======|======|======|



The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. 

The notes on pages 10 to 15 form part of these accounts. 



Pgge 8
for J¢wtsh L4•d¢nthlp Llml¢¢d
Company •ttmber. 07453042
Balw)rL Sheet
As at 31 Dttember 2020
Note
2020
2019
Ttyal FLLnds Toial Funds
Curr¢ot Auets
Debtors
Cath at bgnk and in hand
6,588
56,985
4&538
03,763
Crediton: Amwnts r￿lin¥ due within on¢ year
Net wets
14,233
ql.1551
Unrcstrictcd fijnds
12
12
14.233
(3,8441
Tot*1 funds
14,233
41,1551
For the finoncial period endrd 31 Dtternber 2020. the comp•ny wa¥ ¢ntitl¢d to¢x¢mpticffi from 4udit
Section 477 ofthc Comparticy Acl 21J)6', find rto notice bttn deposilcd und¢r ScctiL¥L 470. The tn151ees
acknowledge their responsibilities for ensurirt¥ Ihat thc cotnpllny kccpy accounting records which comply
wtth Seaiffl 386 prepwinl XCOWl¢¥ which xive • truc and fair vicw of Ihe statc of affairs of the
¢ompo1)y 41 the end of the p￿'ryJ And f<* itJ pwfit ¢x 10s5 ftr thc financiftl period in ￿0rd￿¢t with the
requirements of s¥tion$ 394 and J95 and which otherwis¢ Comply with the requirements of Ihe Companic5
Aet 21￿6, so fur NS appli¢4bl¢ lo th¢ Cornpgny.
The AL*￿thiS *tre 3pwoved Im 13 Au8u¥A 2021 and si8ned on behalf of th¢ board.
A St¢ene
The note¥ on pages 10 to 15 f(*m pan of these ￿CoUrtts.

Page 9 

## **Forum for Jewish Leadership Limited Company number: 07453042** 

|Statement of Cash Flows<br>As at 31 December 2020<br>**Cash flows from operating activities:**<br>Net incoming/(outgoing) resources<br>Decrease/(increase) in debtors<br>Increase/(decrease) in creditors<br>Borrowings on credit cards<br>**Net cash (used)/ provided by operating activities**<br>Change in cash and cash equivalents in the year<br>Cash and cash equivalents at the beginning of the year<br>**Total cash and cash equivalents at the end of the**<br>**year**|||2020<br>£<br>15,388<br>50,397<br>(32,756)<br>143<br>33,172<br>33,172<br>6,778<br>39,950||2019<br>£<br>(2,977)<br>(38,347)<br>34,147<br>-<br>(7,177)|
|---|---|---|---|---|---|
||||||(7,177)<br>13,955|
||||||<br>£         6,778|
|||||||





Page 10 

## **Forum for Jewish Leadership Limited** 

Notes to the Accounts – 31 December 2020 

## 1 **Company information** 

The principal activity of Forum for Jewish Leadership Limited is the advancement of Jewish education and culture. The company is registered as a charitable company limited by guarantee (company number: 07453042, charity number 1139858). It is incorporated and domiciled in the UK. The address of the registered office is 379 Hendon Way, London, NW4 3LP. 

## 2. **Accounting Policies** 

## a. **Basis of Accounting** 

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2015), applicable UK accounting standards including the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.  The company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The principal accounting policies adopted in the preparation of the financial statements are as follows: 

## b. **Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the company for particular purposes.  The cost of raising and administering such funds are charged against the specific fund. 

## c. **Expenditure** 

Cost of fundraising activities are those costs incurred in attracting voluntary income. 

Charitable activities include expenditure associated with the delivery of its activities and include both the direct costs and support costs relating to these activities. 

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity. 

Support costs have been allocated to the expenditure categories based on the management’s estimate of the proportion of time and resources consumed by each of the key activities of the charity. 

## d. **Income** 

Donations are accounted for when the charity becomes entitled to the donation and any conditions for receipt are met. 

## e. **Liability Recognition** 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. 



Page 11 

## **Forum for Jewish Leadership Limited** 

Notes to the Accounts – 31 December 2020 

- f. **Government Grants** Grants are accounted for under the performance model as permitted by the charity SORP. Coronavirus Job Retention Scheme grant income is therefore recognised on a straight line basis over the furlough period for each relevant employee. 

## g. **Financial Instruments** 

The charity holds only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments include debtors and creditors. Debtors and creditors are initially recognised at transaction value and subsequently measured at fair value. Note 15 provides more information on financial instruments where future cash flows are anticipated, with financial assets referring to debtor balances excluding prepayments, and financial liabilities referring to all creditor balances excluding deferred income and other taxation and social security. 

- h. **Going Concern** 

   - Following a review of the financial position of the Charity, in light of Covid-19 crisis,  with the charity having general reserves of £14,233, the Trustees are confident that the charity can generate sufficient donations in 2021 to ensure that it can maintain its revised activities and resources.  The Trustees consider that there are no material uncertainities about the charity’s ability to continue as a going concern and have reasonable expectations that the charity has adequate resources to continue its activities for the foreseeable future. Accordingly they continue to adopt the going concern basis of accounting in preparing the annual financial statements. 

## 3 **Key Judgements and Estimates** 

In the application of the charity’s accounting policies, which are described in note 2, Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources.  The estimates and underlying 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 on-going basis.  Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods. 

The Trustees consider that there are no material judgements in applying accounting policies or key sources of estimation uncertainty. 

- 4 **Income from donations and legacies** 

|4|**Income from donations and legacies**|||
|---|---|---|---|
|||2020|2019|
|||£|£|
||_Donations and gifts_|98,765|201,704|
|||======|======|
||_Other Income_- Job Retention Scheme Furlough grants|29,211|-|
|5|**Donor fundraising costs**|||
||Donor relations|-|-|
||Travel and accommodation|-|-|
||Staff costs|2,734|2,929|
||Support costs and office rental|-|151|
|||0|3,080|





Page 12 

## **Forum for Jewish Leadership Limited** 

Notes to the Accounts – 31 December 2020 

## 6 **Analysis of expenditure on charitable activities** 

|Basis of<br>allocation<br>Staff costs<br>Direct<br>Programme & trip expenditure<br>Direct<br>General office<br>Direct<br>Independent examination<br>Direct<br>Support costs<br>Governance costs<br>**Total charitable activity expenditure**|Charitable<br>activities<br>Support<br>costs<br>Governance<br>costs<br>£<br>£<br>£<br>24,112<br>24,702<br>-<br>110,563<br>-<br>-<br>-<br>16,353<br>-<br>-<br>-<br>960<br>134,675<br>41,055<br>960<br>41,055<br>(41,055)<br>960<br>-<br>(960)<br>176,690<br>-<br>-|
|---|---|



Of the total expenditure of £176,690, £174,001 was unrestricted and £2,689 was restricted. (2019: £366,012 , of which £346,005 was unrestricted and £23,087 was restricted). 

## 7 **Analysis of staff costs, trustee remuneration and expenses** 

||2020|2019|
|---|---|---|
||£|£|
|Salaries and wages|47,277|53,570|
|Pension costs|-|-|
|Social security costs|4,107|5,000|
||51,384|58,570|
||=====|=====|



There were no trustees' remuneration or other benefits for the year ended 31 December 2020 (2019: £ Nil). There were no trustees' expenses paid for the year ended 31 December 2020 (2019: £Nil). 

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

||2020|2019|
|---|---|---|
|Support|2|3|



No employee received remuneration amounting to more than £60,000 in either year (2019 Nil). Total remuneration paid to key management personnel was £26,681  (2019: £30,741). All trustees are included as key personnel. 



Page 13 

## **Forum for Jewish Leadership Limited** 

Notes to the Accounts – 31 December 2020 

|8<br>**Debtors**<br>2020<br>£<br>Services Debtors<br>-<br>Other Debtors<br>Amounts owed by sister charities<br>3,336<br>-<br> <br>Prepayments and accrued income<br>3,252<br>6,588<br>=====<br>9<br>**Creditors:**<br>Amounts falling due within one year<br>2020<br>£<br>Credit card balances<br>Trade creditors<br>143<br>4,187<br>Amounts owing to sister charities<br>21,288<br>Social security and other taxation<br>1,739<br>Other Creditors<br>3,448<br>Accruals and deferred income<br>1,500<br>32,305<br>=====|2019<br>£<br>11,538<br>30<br>41,876<br>3,541<br>56,985<br>=====<br>2019<br>£<br>-<br>32,545<br>-<br>2,004<br>16,960<br>13,409|
|---|---|
||64,918<br>=====|



## 10 **Capital commitments** 

Amounts contracted for, but not provided in the accounts, amount to £ Nil (2019: £nil). 

## 11 **Analysis of Net Assets Between Funds** 

|**Analysis of Net Assets Between**|**Funds**|||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds||
||£|£|£|
|Current assets|46,538|-|46,538|
|Current liabilities|(32,305)|-|(32,305)|
|**Net Assets**|14,233|-|14,233|
||======|======|======|



## 12 **Movement in Funds** 

|**Movement in Funds**||||||
|---|---|---|---|---|---|
||1 January 2020|Income resources|Outgoing resources|31 December|2020|
|||& gains|& losses|||
||£|£|£|£||
|**Unrestricted Funds**||||||
|General funds|(3,844)|194,812|(176,735)|14,233||
|**Restricted Funds**||||||
|The Ronald S Lauder|2,689|-|(2,689)||-|
|Foundation||||||
||(1,155)|194,812|(179,424)|14,233||
||======|=======|=======|======||



## **List of restricted funds** 

The Ronald S Lauder Foundation – past grants have included a contribution to specific UK activities. 

Unrestricted funds represent funds available to the trustees for the general purposes of the charity. 



Page 14 

## **Forum for Jewish Leadership Limited** 

Notes to the Accounts – 31 December 2020 

## 13 **Related Party Transactions** 

Forum for Jewish Leadership (FJL) is a subsidiary of Jewish Futures Trust (JFT), the sole member of FJL. FJL incurred costs from JFT during the year totalling £15,000 (2019: £0) for its share of the provision of central office services and facilities that JFT provided, at cost, on a group level, to all sister charities. During the year JFT made donations to FJL of £10,000 (2019: £30,000). At the year end FJL owed JFT £21,288 (2019: JFT owed FJL £16,000). 

Aish Hatorah UK is a subsidiary of JFT , the sole member of the Company. Aish Hatorah supports the costs of Forum for Jewish Leadership’s  UK activities as they benefit Aish clients and supporters. At the end of the year FJL accrued contribution income of £nil (2019 £10,000) towards these FJL costs. At the year end Aish Hatorah owed Forum for Jewish Leadership £nil (2019 £13,876). 

Jroots Ltd is a subsidiary of JFT Ltd, the sole member of the Company. At the year end Jroots owed the Company £nil for the balance of some foreign currency exchanged in November 2019 (2019: £12,000). 

JFT-Jewish Futures Foundation Inc is a charity in the USA which shares a trustee with the Company. During the year, the Company received donations from JFT Jewish Futures Foundation Inc totalling £31,939 (2019: £24.436). At the year end, JFT-Jewish Futures Foundation Inc owed the Company £3,335 (2019:  Fjl owed JFF inc £1,735). 

## 14 **Parent Undertaking and Ultimate Controlling Party** 

In 2012, the charity came under the control of Jewish Futures Trust Limited, a company registered in England and Wales. The company is a 100% subsidiary of Jewish Futures Trust Limited, a limited liability company , registered number 07884678 and a registered charity number 1151066. Jewish Futures Trust is involved in public education and cultural activities. 

The Trustees regard Jewish Futures Trust Limited as the immediate and ultimate parent company. Jewish Futures Trust prepare consolidated annual accounts , including the results of Forum for Jewish Leadership. A copy of the consolidated accounts can be obtained from the JFT head office at 379 Hendon Way, London NW4 3LP. 

## 15 **Financial Instruments** 

||2020|2019|
|---|---|---|
||£|£|
|Financial assets  measured at amotised cost|43,286|60,193|
|Financial liabilities a measured at amortised cost|30,663|51,509|
||======|======|



Financial assets measured at amortised cost include trade debtors, amount owed by group undertakings, other debtors and cash equivalents. 

Financial liabilities measured at amortised cost comprise trade creditors, other creditors and accruals excluding deferred income. 



Page 15 

## **Forum for Jewish Leadership Limited** 

Notes to the Accounts – 31 December 2020 

## 16 **SOFA: prior year comparatives per fund 31 December 2019** 

||Unrestricted|Restricted|2019|
|---|---|---|---|
||Funds|Funds|Total Funds|
||£|£|£|
|**Income:**||||
|Donations and legacies|177,704|24,000|201,704|
|_Income from charitable activities:_||||
|Participant payments|164,411|0|164,411|
|**Total income**|342,115|24,000|366,115|
||_______|______|_______|
|**Expenditure:**||||
|_Raising funds:_||||
|Donor fundraising costs|3,080|-|3,080|
|_Expenditure on charitable activities:_||||
|Charitable activities|342,925|23,087|366,012|
|**Total expenditure**|346,005|23,087|369,092|
||_______|_______|_______|
|**Net income/(expenditure) for the year**|(3,890)|913|(2,977)|
|**Reconciliation of funds:**||||
|Total funds brought forward|46|1,776|1,822|
|**Total funds carried forward**|(3,844)|2,689|(1,155)|
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