CHARITY REGISTRATION NUMBER: 1141474 Sephardi Voices UK Unaudited Financial Statements 31 March 2023 A I GROMAN FCA Chartered accountants Groman & Company 5 Violet Hill St. John's Wood London NW8 9EB Sephardi Volces UK Trustees. Annual Report Year ended 31 March 2023 The trustees presenttheir repjrt and the unaudited finanwl Statern￿ts ofthe charttyfor the yearended 31 March 2023. Reference and administrative delails Registsred charlty name Seph8rdl VO￿ UK Charlty reglstration numb•r 1141474 Princlpal offl¢e The trustsos A l Nacamuli E Shuker E Chi￿on V R Aaron S Dangoor E Jebred resNJnwJ 28103r2023 E Liwngstone joined 1111212022 E Marcus joined 1111212022 Indgpondent examinor l. Groman F.C.A Groman & Company S Hill SL Jcthn's wI￿d London NW8 9EB structur9• governance and manag•mont The charity was established by a Tntst Deed. The Trust derNes its income from #18 donations and interest on the funds held. Objectives and actmtles The Trustees must apply the inc0rn8 of the Charity In further1￿ the following objects {Yhe Objects.): A) The object of SeFthardi v￿eS UK Fs to advance education fty the public benefft by carrying out a unlque digttal audio-visual htstory project which aims to documenl, preserve and archNe, for the future generations. the testimonies of the Jelvs originating from the Middle East North Africa and Iran who settled in tho United Kingdom during the 20th Century arKI built-up new lives there. Wrth memori8S fading and eldedy pèople passing away each day, this project provides the Last opwrtunty to capture thls Irretrievable era of Jewish hlstory. B) The other objed of Sephardi Voices UK Is to adva￿ educakn forthe publ￿ benefii by the provE￿on of resources for teaching programmes at universitFes and schDSs catering to the historical need for Rlsk Management Th8 board of trusteès ha5 coTrJucted a review of the major risks to whth the charity is exposed. Th major risks identrfied were current funding, obtaining new fijnding, financial procedurgs and health and Safety. A health and safety policy will be produced and financial wocedures will be written. The board of trustees wtll review the risks annualty to ensure new risks are KIentif￿d and measures are taken to mitigate both current and new risks. Sephardi Volces UK Trustees. Annual Report (¢onthM Year ended 31 March 2023 Publlc bfrnofft We have referred to the gu#Jance Ixxrtained in the Chaiyty Commisston's general gutdance on public benefrt when re¥￿¥11ng our aims and objectlves and in planning our future services. In particular the board of trustees consider how our planned services wfill contribute to the aims and objectives they have sel. Achlevements and wF0rn7ance Summary of main achievements of Ihe ¢harTty during the year. Since we started our 8Ctlvities, we have been able to purchase equipment arKI set up a small team of volunteers and wofessionals. which were trained to (￿r￿lUct. recrxd, archive aThl transcribe filmed and audio interviews as wdl as historical d(￿ments and photos. This has enabled us to film and record the lrfe stories of 123 individuals. prepare the data for archiving purposes. and start the process of transcribing. The majority of the interviews have been deposited at the Brrbsh Library (London) and the ANU Museum of The Jewish PeoF4e ￿e1 Avlv} for public a(x￿. For our Outraach and Educalw￿ Prc*3ramme, we have w far wojuced 13 LNe8 in FC￿)J$ films {eaGh based on one inteFwiewl 11 themats films. which introduce some of the issues relevant to the SephardFIMFzrahi c#Jlture and hi%tory. These have been shown at public ovgnts, academic conferences 8nd are available on our website { vhw.sephardNoices.org.uk) and through all our Social Media channels. Our interviews are regularty featured in the Jewsh R￿al$Sance ma9azine. We have launched our r&developed website which alk)ws the users more access to the 1Th￿Ividual stories and photographs and provides more irrformation on the historyof th8 JvArysh c¥)mmunibes Sn the MNJdle East. North Africa, and Iran. Furthermore, we have provKled material to interested researchers and the putrAic and supplied oral history training to individuals and oDJani8ations (for exarnp￿, to the Bevis Marks Heritage Foundation). In 2022-23 we conducted 7 interyiews. prcxjuced 1 thernatic film, and completed the transcriptK>n of a further 26 inl8rVw￿. We atso held some Zoom events and participated in live ev8nts featuring our interviewees covering tr￿Me9 pertinent to SephardiMrJahi heritage. Financlal review The Statement of Finan¢ral Activities shows a totsl irKome of £46.272 {2022 - £28.742) and total expenditure of £ 36,025 {2022 - £22,413). The surplus for the year was £10,247 (2022 - £6,329). The ¢harity has £16,279 {2022- £3.589) of Unreslrthd Funds as at the year end. The trustees. annual report vras approved on ...................... tnjstees by. ty 23 arKI signed on behalf of the board of Truslee CLit C*lib)nsidered as part of an independent examination. I have no concerns and have come auoss no other matters in connection wilh the examinakn.on to which attention should be drawn in thts report in order to enabte a proper understanding of the aGcounls to be reached. A. l. Groman F.C.A Independent Examiner Groman & Company 5 Violet Hill St. John's Wood London NW8 9EB Sephardi Voicos UK Statement of Financial Activities Year ended 31 March 2023 2023 Unrestrfcted Restrlcted funds T¢)tsl funds Total fijnds 2022 Income and endowments Donatiofis and legac Investment income 23.605 22284 45,889 28,705 37 Total incom• 23,988 22,284 46.272 28,742 Expendltur• Expenditur& on charitable actsvttses Total expendlture 24,727 ¥727 36.025 22,413 11298 36.025 22.413 Net income and net movoment In funds 116 (1443) 10,247 6.329 Reconclllatlon of funds Total fvnds brought foTh¥ard Total fundg carTied forward 3.589 21.706 25,295 18,966 19263 35,542 25,295 Th& 8tatement of financial acbvtlies inclLNJes all gains aTrJ losses recognised in the year. All in(x)me and expenditure derSve frrmn ujntinuing adivtbes. The not•s on p•g¥ 6 to 9 forni pwl ofthèla finandal stat•n￿. Sephardl Voices UK Statement of Financlal Position 31 March 2023 2023 2022 CuThenl assets Cash at bank arKI in hand 36.022 25.775 Creditors: amounts falling due within one year Net current assets 10 480 480 35,542 25,295 Totsl assgts tess current Ilabllftles 35,542 35.542 25,295 Net assets 25.295 Funds of the charlty Restrieled funds Unrestricted funds 19.263 16.279 21,706 3,589 25,295 Total Charlty funds 11 35,542 These fInar￿la1 statements were appKoved by the board of trust88s and authorised for issu8 on JUL I . and are signed on b6haW of the LKwd by: Tru$tOO Lie ￿lL10￿4 Sephardi Voices UK Notes to the Financial Statements Y•ar ended 31 March 2023 General Infomiallon The charity is a public benefft entity arml a register•J tharity in England and Wales and ts Unir￿0[[mted. The address of the principal office rs 15A Hendon Avenue, London, N3 1UL. ststem•nt of complianGe These financial statements have been p￿pare￿I in o)mrAlan￿ *lth FRS 102, The Financial Reporting Standard applicable in the UK and the Republ￿ of IreLand'. the Statement of Recomm&rnled pract￿ applicablg to charities preparing their aCcO￿ts in accordance wtth the Fin8ncial Reporting Stsndard appl￿ble in the UK and Republtc of IrBrar￿ (FRS 1021 {Charitles SORP (FRS 102)) and the Charitss Act 2011. A¢counting policies Basls of preparatlon The finawal statements have been preFwed on the historical cost basis, as modified by the revaluation of certain finanaal assets arKI liabilities arHI investment properti8s measured at fair value through income or eX￿)diture. The financkql statements are prepared in stethng. which is the fvndK)nal (wrrency of the entity. Going concem There are rn materral uncertainties ab(￿t the thaiivs abilty to continue. Judgements and key sourc•s of éstbnatlon uncertalnty The preparation of the financial statements requires management to make j(bJgements. estimates and assumpbons that affect the amounts repLYl&J. These estimates and judgements are continually reviewed and are based on experien￿ and other factors. ￿lUdIng 8xpectaliMs of future events that are believed to be reasonatAe under the orcumstances. Fund accountlng Unrestricted funds are avalable for use at Ihe discret￿ of the knjstees to further any of the charity's Pufposes. Designated funds are ￿r&striCted fvndg earn1a￿ed by the trust8es for pattiojtar firture project or commtlment. Restrictéd funds are subjected to restric1h￿ on V*irexperMJiture declared bythe donoror fhrough the terms of an appeal. and fall into one ofiwo su￿Se$. restricbj income funds or endowment funds. Incoming rosources All incoming resources are tnduded in the State￿ent of financia activities when enti￿ement has passed to the charity,. it is probabte that the economic beneffts associated with the transaction will flow to the charity and the arnounl can be reliabty measured. The folk)vring specific wlicies are applied to parb¢ular cat&3ories of income: inojme from donations or grants is racognised when Ihore is evhJgn¢o of ontitlam8nt to the gift. receipt is probable and its amount can be measured reliabty. Sephardi Voices UK Notes to the Financial SLitsments Year ended 31 March 2023 Expenditur8 is rec￿nISed on an accruaL% basis as a liabilty is incurred. Expenditure includes any VAT whith cannot be ful￿ re￿ve￿I. and is classffj￿d under headirKJs ofthe statewit offinancial activities to which it relates.. expenditure on rai￿ng funds I￿udeS the ¢)Jsts of all fundraising activities. events, non- d*rilable trading aclmtles. and the sala of d(Thted goods. expendilure on charitsble activ1￿ indud9s all incufrtsd by a charity in undertrdking activities that further rts tharitable aims for the benefit of ils boneficiari8s, induding those support costs and costs relating to the governance of thè charity aPF￿h￿}ed to charitable actTVities. other expenditu￿ indudes al 8XP8nditure that is neither rdated to raising funds for the charity nor part of tts exp8nditure on chaiTtable aGiiviti8S. AI c08ts are alk￿led to exp8ndibJre categories retlecling the use of th8 r8source. Direct costs attributable to a single activty are alknate(I directty to that aclivity. Share¢J c05ts are apportioned be￿en Ihe activities they contribute to on a reasonab[8. justi)labEe and consistent basis. Donatlon8 and legacios Unrestrlcled Restrlct•d Total Funds Funds Funds 2023 Donatlons Donations Eventbrite donation5 Stripe onlin8 donati¢Ms Trust Donation 3.596 4.886 6.66T 3,596 4,886 6,667 8,456 Grants Rothschikl Foundatton grant 22284 22,284 22,284 23.605 45.889 Unrestricted Funds Restricted Total Funds Funds 2022 Donation$ Donations Evenlbrite donations Stripe online donalions Trust Donation 3,445 3.445 45 1,313 1.313 Grants Rothschild FoundatKJn grant 23.902 23,902 4.803 23,902 28,705 Sephardi Voices UK Not•s to the Flnancial Stat•ments Year ended 31 March 2023 Invostment Incom• Unrestricted Total Funds Unrestrlcted Total Funds Funds 2023 Funds 2022 Bank inter8St receivable 383 37 37 Ex￿ndIture on charllablg actmtlos by fund type Unrostrlcted Restrlcted Total Funds Funds Funds 2023 Principal Activty Support costs 10.469 24,727 35.196 829 11.298 24727 36.025 ur￿stricted Restricled Total Funds Funds Funds 2022 Principal ActNity Support ¢osts 18.921 1.296 1,695 501 20,616 1.797 20.217 2,196 22.413 Expgndlture on charltsble actlviltes by actlvlty type undertakon direc pport Total funds costs 2023 Tot￿ fund 2022 Prinupal ktivty Govemance costs 35,196 35,196 829 20,616 1.797 4196 829 36,025 22,413 Staff costs The total slaff costs and employoe ben8fits for the pwiod arg anatysed as follows: 2023 2022 Wages and salaries 24729 18,853 The average head ￿Unt of employees durirvJ the year *a$ 2 (2022: 2). No employee received employee ￿nefft$ of more than £60.c￿ during the year (2022.. NII). Sephardi Voices UK Notes to the Financial Ststements Year ended 31 March 2023 Trustee remuneratlon and expenses SORP 2015 requires on6 oflhe followrwJ statementsto be made.. no remunerdtion cff other benefits from employment with the charity or a related entity were received by the trustees. 10. Credltors: amounts falllng due wlthln one year 2023 2022 Accruals and dgferred income 480 11. Analysis of charttabl• funds Unrestrlcted funds At 1 Aprfl 2022 At 31 March 2023 Income Expendlture Unrestricted fund - General fur* 23.988 111.298) 16,279 At1Awl 2021 At 31 March 2022 Irwm8 Expenditure Unreslricted fvnd - General funds 18.966 4,840 {20.217) 3,589 RestrlGtod funds At 1 Aprfl 2022 At 31 March 2023 Income Expènditur• Reslricted Fund 21.706 22284 124,727) 19.263 At1Awl At 31 March 2022 Income Expenditure Restricted Fund 23.WJ2 (2.196) 21.706 Sephardl Volces UK Management Inforniatlon Year ended 31 March 2023 Tho followlng pago5 do not part of the llnancial slatements. 10 Sephardi Voices UK Detatled Statement of Financial Activitses Year ended 31 March 2023 2023 2022 Income and endowments Donations and legacies Donatsons Eventbrite donabons Stripe online donations Trust Donation Rothschild Foundation grant 3,596 4886 6,667 8.456 22.284 3,445 45 1.313 23,902 45.889 28,705 Invostment Income Bank interest receivat4e 383 37 Total income 46.272 28.742 Expandi￿re Expendlture on charitable activiil Wages and salaries Other establishment Dropbox kn¢en￿, Hwtt¥Yare and G￿ra1 Expenses Other office costs Production and event Costs 24,729 18.854 646 829 1.151 1,762 22,413 10,467 36,025 Total expendiiur• 3Q025 22.413 Net in¢om• 10.247 6,329 11 Sephardi Volces UK Notes to the Detailed Statsment of Financial Actlvttles Yaar ended 31 March 2023 2023 2022 Expendfture on charltable actmtles Activity type 1 AGtivitig5 undertaken d1￿cty Direct charitable activty- Wage￿$￿a￿leS Productlon and event costs 24729 10,467 35.196 18,854 1,762 20,616 Governance costs Govemance costs- Webslte and IT ¢osts Govemance costs . Droptw)x U￿r￿eS, Hardware arKI C￿￿al Govemance costs- other office costs 646 829 1,151 829 1.797 Expendfturo on charltable actlvltles 36,025 22,413 12