Company Roglstratlon No. 07917503 Mlgdal Emunah Umlted FIIIANCIAL STATEMENTS FOR THE YEAR ENDED 31 January 2021 Migdal Emunah Limited LEGAL AND ADMINISTRATIVE INFORMATION Dlredors Mlss M J Webb Mr D Isenberg IAppolnted 08 Octob¢r 2020) Mr l Besser (Appointed 08 Octobor 2020) Mr D Palmer (Appointed 08 October 2020, resigned 21 May 2021) Mlss Y Goldsob81 (Resigned 08 October 2020) Mlss Frederlka fv4bontsen (Appolnted 02 March 2021) Tru$teO8 Mlss M J Webb Mr D lsanbery ljlr l Besser Mr D Palmer {Reslgn•d 21 May 2021) Mlss Frederlka ￿b0n1a8n (Appolnted 02 March 2021) Company number 07917503 Charfty numbor 1150835 Rogl8terod offl¢e Contral House 1 Ballanls Lan• London NW118DY Independent Examlners Ollver Clive & Co Umlted 14 Davld Mew8 London W1U 6EQ Migdal Emunah Limted CONTENTS Pago Dlrector8' report Trustees, report Indep&ndent Examlners. report Statoment of finanaal acOvltl88 Balanco 8he81 Nota$ to tha flnandal Statèments Migdal Emunah Limited Directors. Report FOR THE YEAR ENDED 31 January2021 Dlrectors Miss M J Webb Miss F Agbontaen Mr l Besser Mr D Isenberg 8mall oompany provtslons Th15 report has been prepared In accordance th8 provtsions In Part 15 of the Companies Act 2006 applicable to ￿MpanieS subl*icI to tha small (¥mpani8s reglme. I O OCTU 4W........... 2021 and slgned by Its ordar. Th18 report was approved by the board on ... Mlss M J Webb Dlrector MIGDAL EMUNAH UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 January 2021 Migdal Emunah Lld Is an Inwrp)rated charity established by the Trustoeg on 20th January 2012 and raglsterod wF¢h the Charlty cC￿MIsSIon on 15th Febnw 2013. Thg Trusts85 have the power to SP8nd or retsin capital and income. The day to day management of the Charity ig dealt by thè CEO. wtth 8clive involvement from the Board of Trustees. The financial accounts have begn preparnd in acujrdance syith the accounting poli¢igs $et out in noto 1 to tha accounts and compty wth the oiganisation's govaming doGuments. the Chaiitl8s Act 20118nd the stat6ment of Recomm8nded Practice, 'Accounllng and Reporllng, by Charft19s 2015. OUR OBJECTr￿s AND ACTfffliES Migdal Emunah IMEI provides independ8nl advlc* and #UPFQrt soth for viGtlms and those aff8ct8d by sexual abuse, ra￿ and sexual violence. We vA)rk across all denomln8th)ns In the Jewlsh community and ocross thè UK vAth offlco bases In tr￿)Ih LorKkn and Manchester. The (Yg8nls8tlon provlde8 educatlon and tralnlng for servlco provklers across all $6¢10rn. VISION AND MISSION Migdal Ernunah'¥ vision is vthere all organisations across the Jewsh community prioritlse safeguarding and all members of our wnmunity Ilv6 a lrfe free from Ihe ham of sexual abuse. Our mlsslon Is to,. rgduce Isolallon for vlcllms and suDAvors of sexual abuse by provldlng 8 range of support Ser￿CeS. To Increa88 a￿Ten888 of sexuol abuse In our Jewlsh communlty. To increasg awaren?88 of Sgxual abu$8 In context of the Jewsh CQTnmunity and the Gultural Impli¢atlons for axlemal agencies. ACHIEVEMENT AND PERFORMANCE Mlgd81 Emunah provldès Indep¢ndènt ad￿¢8 and supw to vlctlms of sexual abuse. rape And $exuaS violance that Id8ntify a$ Jewsh. Thls encknmpasses but ly not lIm￿ad to: rapa. sexual éxp1otta￿I￿. Sèxual harassment, grooming, sexual assault 8fKI thAdhood soxual abuse. All our 8eM¢è provlders are hlghly tralned In order to provide tho be8t seNGe to our dients. We provide ¥ervices to Y￿rnen and chlldren that have been Impacted thernsefves or those thal have baen Impa¢ted from ￿m￿l8 ¢lose to them 8$ a secondary ImpacL We ha￿ ts¥o tralned Independent Sexual V￿onCe Ad￿SOrS {ISVAI that support our clients on a day to day basls. Al our ISVA$ arè provldad with dlnlcal and management supervlslon on a regular bas18 and work coll8boratlvely as o team to &nsure the b&sl for our dlenis. We have on8 ISVA ba88d in Manchester and on& ISVA based In London and are In part fund&1 by the relevant local pdlce and (xlme comml8$lc*ner. Our ISVAS offers support to all our dlentg and meet a range of need3 from dsk 833e¥srnents. access to therapautic services. infomatN)n about th6 criminal Iugtice gystem, access to legal or r8bbinic81 (rellglous) a￿¢8, omotlonal 8UPPOrt, hou8lng supporl rnentsl health support 9OTvices and ban￿ts. In re¥ponse to the govemment announcement of lOd(dO￿ In March 2020 thls s8￿ce moved vlriually to online plattonms and ovar the phone. The number of clients accessing our se￿ceS grew as did the time needed to support each indiwdu81. This meant our CEO temporarity took on di8nt8 to meet the demand for ISVA support servlces. ME prO￿deS Indlvldual. couples and farnlty counselllng ses8knn8 lo Jthsh across the UK. Al our counsellors are hlghly qualified. Induding traumo Infamied tralnlng. are Insured and are reglstgred members of the BACP. All have regular dinical and management supen41skin. S888k)ns are normalty in per¥on bul frorn Marth 2020 mved to online or on the18lephone. ME prO￿deS ragular support groups In safe arKI cA￿ridential onvlrorment wth hlghly qualifi￿ group faalit8tor3. The groups are held weekly t￿th in M8nthestsr and London. The support groups have been our most thriving and lrfe changing $eNce we prowde. The feedback from dients indud8. lower thoughts around suicide. reduction in self hatrn and a break in the iscAation that many have been liwng In for many years. We deliver educational workshop to parents from the Jearysh SCI￿)15 in fdrious foThats. Some as panel events with a range of experts in sector of sexual abuse aTKI others in the form of discussion, tools for talking to children, signs of abuse to k)ok for and questions to ask of dyildcare settingg wlth tho aim to empower parents lo ask the questions and make infomied dectgiong. Our CEO dellvers training to extemal agenues and statutory services. This training is developed Y￿h our most up to date data, research and in context of the cu￿re within the Jewish community. The boundaTles to disclosure and re￿rtIng sexual abuse. the obstacle5 fac8d by victims as V￿11 as the ggeneieg providing a 5orvic&. At Migdal Emunah we promote eontinued profession81 dovelopment ar￿ an envlronment of ￿ntinUed leaming. We provlde all slaff members the opportunity to furfher their learning throwh training sesslons in house and exiemal provlders. Mlgdal Emunah are proud to work ￿lIa￿rativety with a range of servbce prowde￿. statutory servlcos and thlrd sector organisatM)ns. Our CEO is the c(￿chaIr of the MEf Poll￿ Independent Adwsory Board for Rap8 & Serfous Sexual orfences and contlnue8 to promote ￿llaboratIOn across the sexual vlolence sector. RESPONSE TO COVID-19 Our CEO was stheduled to gwg e¥idencA to the Independent Inqulry Into Chnd Sexual 14bu8e (IICSA) In March 2020. As talk about an impending lockdown gr8W the inqulry sought lo move this all v¢rbJalty and as result our CEO w88 tho fir8t Mrtual live hearing in the UK. Whlle our support groups and r£•unselling sessions moved to wtual platfomis rnany of our clients do not have access to the int6met and thus were unable to gain accgss and partiupate. Some dlants w8re able to maintaln ac¢ess to services vla the telephone but strugglad to find a safe and prlvato space to talk and slovAy many dropped our of the ￿unsellIng services. In r09ponse to Ihis our ISVAS recewed an Ir￿ demand for thelr support services and often times via text messaglng. We Ihen establish8d our text support ser¥lce v#thlth provld8d moro opw)rttJnities for exl8ting c118nts and naw cllents to access our services. FINANCIAL REVIEW The financial resuhs for the year ènded 30 January 2￿21 are set (Art in the Ststement of Financlai Activikn'es, Balance Sheet and notes to the accounts. During the year Migdal Emunah's In￿rne was £130,048 compared £75,738 last ypar. Total resources expended were £86.855 ca)rnpared £67.916 last year, leading to a surplus of £43,193 0)mparod wtth surplus of £7,822 In the prewous y88r. The main source of Income was from grants and donations. Grants S8￿red during the ￿ar aC￿Unted for 66% of the Income whh the remainder from indmdual donations. Expèndllure for the ypar has increaged refi￿tsng addib¢)nal costs in meelng Increased domand for our 8eNices. INVESTMENT POUCY The Charity does not have any Inveslments. RESERVES POUCY Mlgdal Emunah's reserves poliLy is focused on malntalnlng a balance bets¥een holdlng sufficient reserves to safeguard rts finaniial commitrnents and continuing to provide ServI￿S in ling the Charivs obj8CtiV85 in the event of urrforeseen financaal problem5. Reserves are required to provide ongoing seNices to women and childron cxperiencing domestic vblence and to finance fu￿re plans in line wlth the aims and strategic vision of Migd81 Emunah. There Is a ￿quireMent for pnjdent management of ffftanciai ¢)Jnmltrnents and an allowance for fuiure conlingoncfes In the evenl of unforeseen financial arcumstances, such as reduced In￿Me streams or Increased demand for seNces. Less than 35% of Migdal Emunah's income comes from voluntary donations: hence Migdal EmuTbah relies heabily on grant incnme and rnust ensure that reseNes are maintained 8t a level that. in the event of a signrficant drop in funding, tt ￿11 be able to LX)nlnue its aclivtties unttl additional funds may be rdised. The Board monitors cash fl¢Jwforecasts on a quartety ba5i8. Perforniance against these fore(xsts is dosely monitored by tha Board. Tho Board maintsirk8 Ovatsight of the reser￿% polry. Over the last tsvo years MvJdal Ernunah has experienced a signfficant sustained increase in the numbor of clients requlrfng our seNces, which has increased even further since the Covid pandemic. Thls requires the provlslon of Mlgdal Emunah'g services to b8 fijrther expanded in order to meet these n88d$. through Increases in fron￿1n8 staff numtr*TS. The truste6s maintsin the ro58p￿S wlicy under r￿ew. During this period ol expansion, no specific target reserves level has b88n sat. RISK MANAGEMENT POUCY Flnanclal Mlgdal Emunah exists in 8 challenging and deMar￿Ing area vthore funding is drfficult to secure and rBlles each year on a small select numbor of donors. Ov8r the18St y8ar fundmlsing h85 bèén difficult dug to co￿d- 19 and th8refore this sourc8 of Income has grea￿Y dlmlnlshod. To mitigate these ￿skS, Mlgdal Emunah as an organls8tlon operate$ stdGt flnandal controls aTKI Con￿nUallY monitors the finandal posltlon. Induding monthly ft)re¢asUng. The annual ft)recasts and management data are regularty revIew￿. Operatlonal The nature of our servlces ￿ere we support women and chlldren sufferfng from doMe8￿C vk>lencè Increa$e8 our operatlonal dskg. These are managed through th8 Implamentstion of sultabla pollcles, procedur6s and processes includlng case management, ￿ntInUal staff Irainkng. supervislon and reporting structures. Through these procedures, the 80grd of Tw$lg0s is satisfièd that major rf$ks have boon Id8ntlfi6d and procedur88 Implemented so thot key d$k$ are adequatéty mlnlmL%&J. TRUSTEES, RESPONSIBILTIES IN RELATION TO THE FINANCIAL STATEMEiirs The Trustees, who are also the directors of Migdal Emunah for th8 purwse of Company Law, aro r88pon8lbl8 for pr8parfng 8 Trustee's annuol rgwrt and finandgl ststemant In 8ccordanc8 With appllcablaiow 2nd the Unlted Klngdom Accounung Standards IUKGA4PI. Th8 law appllcable to charitles In England & Wales requlres the Ch8rtty Tw8taè# to propara flnandal $tgtornent5 for aaeh year. vthlch glve a true and falr vlow of the slate of Bff8lrs of thè chBrtty and of th8 InGomlng resour¢es and applicauon of resources of the Chanty for that time padod. In preparlng the flnanclal stal8m8nts, the Trustoes are r9quired to: Select 8ultable 8ccfAJnllng pollrio$ and sp￿Y them conslstently. Observe the melhods and P￿ndpIeS In tho appllcable CharfUe$ SORP. Make ludgem8nls and esllmales that are reasonable and PnKlent. state whether appllcablo accounting standards have been followod, 3ubJe¢t to any matorlal departur88 th8t must be dlsclosed and a expl8lned in the financlal ststement. Prepare the finandal Statsments on the golng ￿nCeffl basls unltss It h Inapwjprfale Io prn8ume the Charfty wlll continue to oxtsl. Tho Trustees arg r6sponsible for keewng proper accounlng records Ihat disd08e I￿1h reasongble accuracy at any tima tha financial F)OSition ol the Charity and to enable tham lo ensure th81 the ffinanthal ststgmenls comply vthh the Charit18s Act 2011. tho applicable Charities {Accounting and Roports) Regulauon and the provislon ofthg Trust Deed. Th8y also responsible for s8feguardlng assets of the Charity and taklng r8a8onable steps for the preventk)n and detection of fraud and other Irregularitles. The Trustees arg respon51ble for the maintenBnce and integrlty of the Chartty and the flnandal Inforrnatlon Induced on the Charltys website in accordance with legislation In Ihe Unitèd lfjngdom goveming the preparauon and dlssemlnation of finandal statements. Agreed by the Tru51e¢s ￿ 26th August 2021 slgr& on Iheir behalf by. If) Q CityGLL Ctsl Michelle Webb (Chalrl Migdal Emunah Limited INDEPENDENT EXAMINERS REPORT I report on the financlal statsmenls of Migdal Emunah Limited {the chaiTtyI for the year ended 31 January 2021 whlch are set pages &13. R•sp•ctlv• rvsponslbllltles of trustees and examln•r The charttys tnjslees are responsible for the preparat[￿ of the finandal statements. The charitys trustees consider than an audr( 18 not required for this year undor section 144(2) of the Chariti&s Act 2011 (the 2011 act) and that an independent examination is needed. It Is my r88ponsiblity to: Examlne the financaal stat8ments under seckn 145 of th8 2011 Art Follow the procedures laid dovm in ts Ggnerol DlrocticTh given by Ihe Charity Commission Und￿ section 145(5) B of tha 2011 Ad; Stale wh81h8r partlcular rnatt8TS have come to our attention Basls of Indepondont ¢Mmln•Vs report My examination was carried out in accordance wlth the General Dlreckns glven by the Chodty Commission. An axamlnation Indudes a rewew of the a(￿Unting rDeords kepy by the tharity and a eompadson of the fln8nclal Statements presented wlth those reD)rd$. It also indudes consideration of any unusual Items or disdosuTrs In the finanual statements, and the seeking of explanations from ￿)￿ as tru8le8s concemlng any such matters. The procedures undertaken do not provide all tho evidence that would b8 requlred in an audit and consequenty no opinKJn is givèn as to Nthother the financial stalomonts prasent a Iru6 and fair viebv and th8 roport is limit&J lo those malters set out In the 8t8tsment below. Independant éxamln•V$ statfjment In connection wth my e￿￿MInatiOn, no matter has c#)me to my adention: 1) which glves ma rea80nal￿fj ￿U80 to believe that in any mater5al respgct, the requirements.. To keep 8crxKJnlng re￿rdS In acLthance with sedion 130 of th8 2011 Act.. and To prepar8 th8 finan(yal statements whlch accord ¥*rylh the a(wunting rewrds and rxynply ￿th the accounting requiroments of the 2011 Act have not met.. or 2) tr) wh1(*, In my opinion. attentlon Sh￿k1 b8 dra%￿ in C￿ to enable a proper understsndlng of the flnandal statements to be reached. Emma Benjamln CA Ind•pgndgnt Examlnèr Ollver Cllve And Co Ltd Chartered Accountants 14 Davld Mèws London W1U 6EQ 13/1 f>1 Ll Mlgdal Emunah Llmlted STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE Accouwr FOR THE YEAR ENDED 31 January 2021 Vnr•*trlct•d Fun Fund• Incom•: 070 85.97B 13fvnt Inwn• 8.840.00 TDt•l InGom• EYp•ndltuY•: DJr•Gt Co•ts 104855) 167.9111 Total •xp•ndlfvr• N•t InGom&lldM lor th• 41193 l •muwl• rd•l• to c￿n￿n￿r4 Mlgdal Emunah Llmited BALANCE SHEET AS AT 31 January 2021 2021 2020 Dsbto AGGnmd Incon Cash al bank and In hond 1.376 23.333 40.263 4.617 10.210 14.827 U4bllltl8s c￿diti>￿." 8n￿nIS falllng due ￿thin one y98r 1.617 Not a8set• 13311 Tot41 assets l•ss curt￿( Ilabllllles $6A04 13211 Totsl n•tass•ts Th• funds of Iho ch•rfty. Unrestrfct8dlurKIs Ordinaryshare capital G8ner81 fvnds R&value&on rnserrfe rotal unrostsl¢t•d 13.211 56A 13.211 Total fund# AL* 2000 relalkng to smaN ¢x>ryw8nles. hwe cony8ny io obtsln an audlt oflh• y)unts for the yw In queslkn k) 8C¥%rtlwce wlth s•SbJn 476 oftha Compon￿$ Aci 21￿. Tr dlr&*orn accountkng r¢cord8 8nd lor Ihe preparaltrjn Olxry￿nlB. subIect to th8 o)nyankgs r*ng' Company numbttr 07917503 Th• *ccounts we appm¥￿ on ..l.O ..Q.£[oA.* ￿ I Miss M J Webb Thè fLQte8 to tho accounts are 8h0￿ on pages &11 Migdal Emunah Limited NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 January 2021 Cornpany Inforn)wtl¢Jn Migdal Emunah Limtted rth8 companfl b a Ilm1￿ tx)mpany domlclled and Incorporalad in England and Wales. The regi%lered offlc8 Is Suite 14, 1 Golders Grean Road. London NW11 8DY. The cKJmpany reglslralion numb8r Is 07917503 a￿j tharity rggistration number Is 1150835. 1 Accountlnq pollcl•8 The pdndpal a#ounting poll1￿ adopted.Judg8ments and kgy sources of estimation un¢èrtalnty In the prep8ration of the financlal statements arè as follow5: aj B•sts of pr•p•r•tlon Th8 fln8ncl818tslaments have bgan prgpar9d in accordanco wth Accounting and RgportlrvJ by Charilles: Statement of R•cc4nmended Pracllce 8pplicabl8 lo ch8ritlo8 preparing tholr accounts In accordance w6th the Financi81 Reporting Standard applicable In tha UK and Republlc of Ireland {FRS 102) {effecttv8 1 January 2015)- (Charit￿ SORP (FRS 102)), th8 Fln8ncio1 Reportlng Standard applIcab￿ In the UK and Rewbllc of Ireland IFRS 102) and thg Companles Act 2006. Migdal Emunah Umllad m88ts th8 definlllon of a wblk bgnefil enttty undw FRS 102. AsBots and Ilabililies are inrtlally r8cognl8ed al hL%torical Ly)81 or transactlon value unle￿ olhorwiso $t8tthJ In rnl•v•nt accounting pollcy notel81. IJ) Golng concom Thg dlraclors conddar that thgro are no mgtgrlal uTThrtalntio8 about IAlgdal Emunah Umlled'8 abll to contlnua a8 a golng conLwn. c) Incom? IncLmie Is recogn188d when lh8 charty has enlltbbm8nt to the fiJnd8, any pgrf¢Ymanc4 condllions attached to the Ilwnls) ol Income have beèn m8t. It18 prowlo that the Ing)mo *rf11 be recelved and the •mount can be measured re118bty. Where Incomg has rolated èxpondlture {as wllh fundraising or LY)ntract incLJm81, th8 Incom and related exFMdituro aro reported gross in ts Statement of Flnandal AcUvltlo8. Dorwtlon$, grants and ￿ aro recogni5od whan racéwa￿0. In the evant that a donation18 sub￿1 lo fulfllling perfomance cond5110￿ tefora the c*barity is entiu￿ to the funds. the incomè Is deferred and not re￿gniSed untll it18 probable that thoso conditions wll be fU￿￿19d In tho reporting pedod. Income from Gtft Ald tax r8clams is reL>Jgnised for ony donation5 With re￿want Grft Aid certEficales recogn￿8(1 In income for the sfjar. Any amounts of GiftAid not receivgd by thè yaar end are accounlgd for in income and aocrued in¢xJme in debt￿8. For legarAes, entillement 15 tsken on 8 C8s• by case b8818 as Ihg wlvar ofthè dats on ￿lCh. the charity is aware Ihal probat8 has been granted, the aslate has been finali88d and notificatlon has been made by the executorme or 98lns are applied 8Xclusive￿ to ¢thBrftable purposes. kl Judg•m•nt• and k•y •Otsr￿ of ••tlmatlon In Ihg applicalon of Ihe companls accounllng pc4lcies. the tru8100s aro roquired to mak8 iud98ments. ostlmat88 and assumptbns about the carrying amount of assets and Ilabilili&s that are not readity apparent from oth8r Bource8. The estlrnatas and assodalwj assumpllons are based on hlslorfcal axperfence and other factors that are consldarèd to ba re￿Vant. Aclugl r8sults may dlffer from th9se estimates. The 0sllmalo8 and undgrtylng assumpkns are rnviww8d on an c￿5¥)1￿9 b8818. Rev181on8 to accounllng •811matss ara rec4Jgnised in the pariod in which th8 8￿Mate is rovi98d where the rèvlslon affects onty that period, or in the perlod of tho revision and future poriods where the revlslon affgcts both (#Jrr&nt and fulLtrro pgriods. Migdal Emunah Limited NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 Jants•ry 2021 2 Eyp¢ndlknrn 2021 A•￿g fvnds. grant me 4220 R￿n9 M￿n￿ Dlrgcl collts 1073 73 20Z1 2020 Support ¢ost* staff eoth ($•• nrts 31 IT and ofka 21.OBI 32,415 GOv•Man￿ coBt• Audit and AccountanryfeeB Le9￿ foe• 2020 Wagos •nd ¥al Sodal soojrfty to81É .396 412 14.6111 Nts tysto8• Mmuner•tk)n kn th• >wr4Thl•d 31*Jwwwy2021 ¢xkn Iha)wended J8rwy 2020. Th• morthly (•)untW•8 2 {2￿20￿) oltho In tho y•afwr•: 2021 Adrnlnlslral¥a arkl ThwBP8U Total Mlgdal Emunah Llmfted NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 January 2021 4 •xpand￿rn 202• fund 81aff C￿ts Consult8rw & Profeg8lon811•0• Trn1nhg Bnd devebpment Reuultmont Co•1• Rgnt In¥uran Fundmwng costs W&bslto & deslgn Prfnlng, pwlogo •hd •taU￿ory Ad￿rt￿l¥d PR T6kphcffje Cemputer¢o•ts Hotsl and Yr•v•lllThJ 33h28 20.241 12,940 4.697 1073 841 201 3,417 1.202 945 Rat81 re￿1• Momb¢rshlp SubKrfplor JuslGfvlng ch8ry Goner&l oKJon8 Total 110.C(•)) 287 637 431 8 T•x•tto Th• comp•ny l# A wl8l•rnd oy•mptfMm ta¥•bJn on tt• Irbxma and ￿1n* laltlnq Wlh s•¢lon 606 of Iho Tax•¥*Lt 1988 or•odJoTh 252 ollMTwllon (rfCIMrY￿b￿ Ad 1992 to Ihe exkntthot Ihu• we oppw for chwltolA• wr¥*)•os. Migdal Emunah Limited NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 January 2021 2021 2020 Other debtor¥ PrepayThents 4.617 576 76 411Y 2021 1,617 8.568 Balan60 •1 Jl Jan￿ry 20 Oenwthl ftmd 13211 43.193 13 193 8•18nc• *t 3OJanu•ry 2020 B•lw*• •tJl J*nrMry2Q19 13311 12-