**Charity Registration No. 1144193**
**Company Registration No. 07660876 (England and Wales)**
## **JEWISH LEGACY GIVING**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
## **JEWISH LEGACY GIVING**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr H R Bratt Mr S Greenberg Mr P J Evans Mr A Broza M E Diamond A N Overlander-Kaye **Life president** Mr N Ross **Charity number** 1144193 **Company number** 07660876 **Principal address** 147 Northumberland Road Harrow HA2 7RB **Registered office** 2 Green Lane Croxley Green WD3 3HR **Independent examiner** SPW (UK) LLP Gable House 239 Regents Park Road London N3 3LF **Bankers** Lloyds Banking Group, Blackheath London Branch, PO Box 1000, BX1 1LT
(Appointed 1 January 2020) (Appointed 1 January 2020)
## **JEWISH LEGACY GIVING**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 10|
## **JEWISH LEGACY GIVING**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
The trustees present their report and financial statements for the year ended 31 December 2020.
The trustees (who are also directors of the charitable company for the purposes of the Companies Act) present their report together with the financial statements of Jewish Legacy Giving (the charity) for the year ended year ended 31 December 2020. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Cha ri ties" issued in March 2005 .
## **Objectives and activities**
The charity's objectives are to promote all purposes recognised as charitable under the law of England and Wales from time to time and in particular:
(a) to advance and promote more efficient and effective legacy fundraising by Jewish organisations established for charitable purposes throughout the United Kingdom (as defined in section 97(1) of the Charities Act 1993);
(b) to educate the public in relation to the matter referred to above and in particular to promote the making of legacies to Jewish organisations established for charitable purposes throughout the United Kingdom; and
(c) to provide assistance (including the provision of advice and information) to Jewish organisations established for charitable purposes on legacy matters throughout the United Kingdom.
These are its charitable purposes for the purposes of the Charities Act. For as long as the company is a charity, its purpose may only be altered with the prior consent of the Charity Commission and in accordance with any conditions attached to such consent.
The trustees have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives of the charity and in planning the future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set .
The charity seeks to promote its activities through its website, advertising, promotional activities and educational meetings.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
In the period under review the charity continued its activities of promoting legacies within the Jewish community.
The trustees have wide investment powers but, given the limited activity in the period under review, have not established a formal investment policy
## **Financial review**
The charity had incoming resources of £65,671 (201 9 : £69,835 ) comprising of subscriptions from charities. The charity incurred expenditure of £59,510 (201 9: £63,070 ), detailed in note 4 to the financial statements. Net incoming resources were £6,162 in surplus (201 8 : net incoming resources surplus: £6,765). Th e charity had accumulated funds of £26,475 (201 9 : £20,314 ) at 31 December 20 20 .
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## **JEWISH LEGACY GIVING**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between two and three month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
In the opinion of the trustees there are adequate resources available to meet the foreseeable obligations of the charity. The trustees confirm that the major risks to which the charity is exposed, as identified by them, have been reviewed and systems have been established to mitigate those risks.
The trustees will continue to promote the charity's activities being the promotion of legacy giving in the year ahead.
## **Structure, governance and management**
The charity is registered as a charitable company limited by guarantee and was incorporated on 7 June 2011.
The charitable company is established under a Memorandum of Association and is governed by its Articles of Association which established the objects and powers of the charitable company. In the event of the charitable company being wound up, members (being the current trustees) are required to contribute an amount not exceeding £ 1 each.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr H R Bratt Mr S Greenberg Mr D Roberts (Resigned 30 January 2020) Mr P J Evans Mr A Broza Mrs Carolyn Addleman (Resigned 19 June 2020) M E Diamond (Appointed 1 January 2020) A N Overlander-Kaye (Appointed 1 January 2020)
The management of the charity is the responsibility of the trustees who are appointed under the Articles of Association. The trustees have the power to appoint additional trustees. The maximum number of trustees s hall be determined by the company in general meeting and unless so determined, there shall be no maximum number. The minimum number is three.
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
- settle the terms of payment with suppliers when agreeing the terms of each transaction;
- ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
- pay in accordance with the company's contractual and other legal obligations.
The trustees meet regularly and major decisions are taken by the trustees. Day to day administration is u ndertaken by the trustees.
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## **JEWISH LEGACY GIVING**
## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
The trustees r eport was approved by the Board of Trustees.
## **Mr H R Bratt**
Trustee Dated: 9 September 2021
**Mr P J Evans** Trustee Dated:9 September 2021
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## **JEWISH LEGACY GIVING**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JEWISH LEGACY GIVING**
I report to the trustees on my examination of the financial statements of Jewish Legacy Giving (the charity) for the year ended 31 December 2020.
## **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**
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 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 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.
P Winter BA FCA SPW (UK) LLP Gable House 239 Regents Park Road London N3 3LF
Dated: 9 September 2021
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## **JEWISH LEGACY GIVING**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**Unrestricted**
**funds**
**2020**
**Notes**
**£**
**Income from:**
Subscriptions
**3**
65,671
**Expenditure on:**
Charitable activities
**4**
58,310
Other
1,200
**Total resources expended**
59,510
**Net income for the year/**
**Net movement in funds**
6,161
Fund balances at 1 January 2020
20,314
**Fund balances at 31 December 2020**
26,475|Total
2019
**£**
69,835
61,870
1,200
63,070
6,765
13,549
20,314|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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## **JEWISH LEGACY GIVING**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2020**_
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**7**
Net current assets
**Income funds**
Unrestricted funds|**2020**
**£**
27,675
(1,200)|**£**
26,475
26,475|**2019**
**£**
21,514
(1,200)|**£**
20,314
20,314|
|---|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 9 September 2021
Mr H R Bratt Mr P J Evans **Trustee Trustee** Mr A Broza **Trustee**
## **Company Registration No. 07660876**
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## **JEWISH LEGACY GIVING**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
## **Charity information**
Jewish Legacy Giving is a registered charity and a private company limited by guarantee incorporated in England and Wales. The registered office is 2 Green Lane, Croxley Green, London, WD3 3HR.
## **1.1 Accounting convention**
The accounts have been prepared in accordance with the charity's governing document, 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 charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, 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 financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 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.
Subscriptions and donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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## **JEWISH LEGACY GIVING**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Resources expended**
The financial statements have been prepared in accordance with the charity's governing document, 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 charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
## **1.6 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.
## _**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 using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
- **1.7 Employee benefits**
- The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.8 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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## **JEWISH LEGACY GIVING**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **2 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 Subscriptions**
||**Unrestricted**|Total|
|---|---|---|
||**funds**||
||**2020**|2019|
||**£**|£|
|Subscriptions|65,671|69,835|
## **4 Charitable activities**
|Consultancy fees
Promotional material
Advertising
Market research
Sundry expenses
Bank charges
Website design
Insurance|**2020**
**£**
23,849
2,829
31,089
-
100
98
-
345
58,310|**2019**
**£**
24,062
265
29,031
1,620
1,053
510
4,984
345
61,870|
|---|---|---|
## **5 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **6 Employees**
There were no employees during the year.
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## **JEWISH LEGACY GIVING**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**7**|**Creditors: amounts falling due within one year**|||
|---|---|---|---|
|||**2020**|**2019**|
|||**£**|**£**|
||Accruals and deferred income|1,200|1,200|
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## **JEWISH LEGACY GIVING**
## **MANAGEMENT INFORMATION**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
## **JEWISH LEGACY GIVING**
## **UNRESTRICTED FUNDS**
## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**INCOME**
Donations and gifts
**Expenditure on charitable activities**
Consultancy fees
Promotional material
Advertising
Market research
Sundry expenses
Bank charges
Branding
Insurance
Charitable activities
Accountancy fees
Net Incoming resources|**2020**
**£**
**£**
65,671
23,849
2,829
31,089
-
100
98
-
345
(58,310)
(1,200)
6,161|**2019**
**£**
**£**
69,835
24,062
265
29,031
1,620
1,053
510
4,984
345
(61,870)
(1,200)
6,765|
|---|---|---|
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## **Signature 1**
Signed by Peter Evans using authentication code JnBJPDdUMk9rQVws at IP address 92.9.166.83, on 2021/09/14 19:21:40 Z.
Peter Evans's e-mail address is: pevs1979@hotmail.co.uk.