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|||||||||31.12,20|31,12.19|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|Total|Total|
||||||funds|fund|fund|funds|funds|
|||||Notes|E|||||
|INCOME AND||||||||||
|ENDOWMENTS||FROM||||||||
|Donations
and legacies|||||482,253|61,048||543,301|694,721|
|Charitable
activities||||||||||
|individuals|||||6,339|||6,339|10,252|
|Churches|||||6,652|||6,652|38,913|
|Annual
conference|||||5,128|||5,128|43,465|
|Shoresh tours|||||||||3,800|
|Subscription
fee|||||18,145|||18,145|16,865|
|Other trading
activities|||||20,069|||20,069|22,839|
|Investment
income|||||3,583|||3,583|5,103|
|Other income|||||54,226|||54,226|422|
|Total|||||596,395|61,048||657,443|836,380|
|EXPENDITURE|ON|||||||||
|Raising funds|||||35,424|||35,424|31,150|
|Charitable
activities||||||||||
|Israel|||||90,000|55,997||145,997|108,002|
|United
Kingdom|||||221,190|14,452||235,642|329,024|
|Other|||||201,564|||201,564|197,249|
|Total|||||548,178|70,449||618,627|665,425|
|Net gains on investments|||||77,948|||77,948|58,497|
|NET||||||||||
|INCOME/(EXPENDITURE)|||||126,165|(9,401)||116,764|229,452|
|Transfers
between|||funds|23|~IQ,QQQ)|10,000||||
|Other recognised||gains/(losses)||||||||
|Actuarial
gains/(losses)
benefit schemes|||on defined||~13,423)|||~13,423)|~II,318)|
|Net movement|in|funds|||102,740|599||103,339|218,134|
|RECONCILIATION|||OF|||||||
|FUNDS||||||||||
|Total funds brought|||forward||1,198,176|2,353|566,367|1,766,896|1,548,762|
||||||31,12.20|31.12.19|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|fund|fund|funds|funds|
||Notes||||||
|TOTAL FUNDS CARRIED|||||||
|FORWARD||1,300,916|2,952|566,367|1,870,235|1,766,896|
##
|Balance Sheet||||||
|---|---|---|---|---|---|
|31 December 2020||||||
|||||31.12.20|31.12.19|
||||Notes|||
|FIXEDASSETS||||||
|Tangible
assets|||15|346,885|345,122|
|Investments|||16|889,031|812,205|
|||||1,235,916|1,157,327|
|CURRENT ASSETS||||||
|Stocks|||17|13,671|10,723|
|Debtors|||18|28,270|25,189|
|Cash at bank and
in|hand||19|756,235|739,496|
|||||798,176|775,408|
|CREDITORS||||||
|Amounts
falling due|within|one year|20|(28,757)|(29,439)|
|NET CURRENT ASSETS||||769,419|745,969|
|TOTAL ASSETS|LESS|CURRENT||||
|LIABILITIES||||2,005,335|1,903,296|
|PENSION LIABILITY|||24|(135,100)|(136,400)|
|NET ASSETS||||1,870,235|1,766,896|
|FUNDS|||23|||
|Unrestricted
funds:||||||
|General
funds||||636,016|734,576|
|Unrestricted
pension|reserve|||(135,100)|(136,400)|
|Minimum
reserves||||300,000|200,000|
|Succession g reorganisation||||500,000|400,000|
|||||1,300,916|1,198,176|
|Restricted
funds||||2,952|2,353|
|Endowment
funds||||566,367|566,367|
|TOTAL FUNDS||||1,870,235|1,766,896|
##
|Cash Flow Statement||||
|---|---|---|---|
|for the Year Ended 31 December 2020||||
|||31.12.20|31.12.19|
||Notes|||
|Cash flows from operating
activities||||
|Cash generated
from operations||21,272|180,730|
|Net cash provided
by operating
activities||21,272|180,730|
|Cash flows from investing
activities||||
|Purchase
of tangible
fixed assets||(7,433)|(4,168)|
|Purchase
of fixed asset investments||(513)|(322)|
|Sale of fixed asset investments||1,635|1,778|
|Interest received||1,778|2,027|
|Net cash used
in investing
activities|||~685)|
|Change
in cash and cash equivalents|in the|||
|reporting
period||16,739|180,045|
|Cash and cash equivalents
at the beginning||||
|ofthe reporting
period||739,496|559,451|
|Cash and cash equivalents
at the end|of|||
|the reporting
period||755,235|739,496|
||RECONCILIATION|RECONCILIATION||OF|NET|NET|INCOME TO NET CASH FLOW FROM OPERATING|INCOME TO NET CASH FLOW FROM OPERATING|INCOME TO NET CASH FLOW FROM OPERATING||
|---|---|---|---|---|---|---|---|---|---|---|
||ACTIVITIES||||||||||
||||||||||31.12.20|31.12.19|
||Net income for the||reporting||||period (as per the Statement|ofFinancial|||
||Activities)||||||||116,764|229,452|
||Adjustments
for:||||||||||
||Depreciation
charges||||||||5,670|4,237|
||Gain on investments||||||||(77,948)|(58,497)|
||Interest received||||||||(1,778)|(2,027)|
||(Increase)/decrease|in|stocks||||||(2,948)|310|
||(Increase)/decrease|in|debtors||||||(3,081)|11,855|
||(Decrease)/increase|in creditors|||||||(682)|9,040|
||Difference between|pension|||charge and cash contributions||||~14,725l|~13,640)|
||Net cash provided||by|operations|||||21,272|180,730|
|2.|ANALYSIS OF CHANGES|||||IN|NET FUNDS||||
|||||||||At 1,1,20|Cash Aow|At 31.12.20|
||Net cash||||||||||
||Cash at bank and in|hand||||||739,496|16,739|756,235|
|||||||||739,496|16,739|756,235|
||Tot:al|||||||739,496|16,739|756,235|
##
##
##
##
##
##
||DONATIONS|DONATIONS|AND LEGACIES|||
|---|---|---|---|---|---|
|||||31.12.20|31.12.19|
||Appeals|||42,695|42,977|
||Donations|||278,710|254,898|
||Gift aid|||32,988|28,665|
||Legacies|||188,908|368,181|
|||||543,301|694,721|
|4.|OTHER TRADING ACTIVITIES|||||
|||||3 I.12.20|31.12.19|
||Olive Press|sales||1,863|7,350|
||Royalties|||18,206|15,489|
|||||20,069|22,839|
|5.|INVESTMENT||INCOME|||
|||||31.12.20|31.12.19|
||Rents received|||1,805|3,076|
||Deposit account||interest|1,127|1,463|
||(Loss)/gain|on disposal of investment||651|564|
|||||3,583|5,103|
|Notes to the Financial|Notes to the Financial|Statements|- continued|||
|---|---|---|---|---|---|
|for the Year Ended 31 December|||2020|||
|6.|INCOME FROM CHARITABLE ACTIVITIES|||||
|||||31.12.20|31.12.19|
||Source|||||
||Individuals|||6,339|10,252|
||Churches|||6,652|38,913|
||Annual
conference|||5,128|43,465|
||Shoresh tours||||3,800|
||Subscription|fee||18,145|16,865|
|||||36,264|113,295|
|7.|OTHER INCOME|||||
|||||31.12.20|31.12.19|
|||||E||
||Miscellaneous||||422|
||CJRS Grants|||54,226||
|||||54,226|422|
##
|SUPPORT COSTS||||||
|---|---|---|---|---|---|
||Staff||Governance|||
||costs|Administration||costs||
||Totals|||||
|||F||||
|Other resources
expended|108,331|85,353|7,880||201,564|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)
is stated after charging/(crediting):||||||
||||31.12.20||31.12.19|
|Independent
examiners
fee|||5,880||5,640|
|Depreciation
- owned assets|||5,670||4,236|
|Operating
lease payments|||44,316||44,516|
|Other accountancy
services|||1,338||1,296|
##
##
||||31.12.20|31.12.19|
|---|---|---|---|---|
|Wages|and salaries||213,108|202,319|
|Social|security|costs|18,394|I6,3 I6|
|Other|pension|costs|20,972|17,736|
||||252,474|236,371|
##
|||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|---|
||Pensioners|||||3|3|
||United
Kingdom|||||5|5|
||Administration|||||7|6|
|||||||15|14|
||No employees
received emoluments||in excess of f60,000.|||||
|14.|COMPARATIYES FOR THE STATEMENT|||OF FINANCIAL|ACTIVITIES|||
|||||Unrestricted|Restricted|Endowment|Total|
|||||funds|fund|fund|funds|
||INCOME AND ENDOWMENTS||FROM|||||
||Donations
and legacies|||672,150|22,571||694,721|
||Charitable
activities|||||||
||Individuals|||10,252|||10,252|
||Churches|||38,913|||38,913|
||Annual
conference|||43,465|||43,465|
||Shoresh tours|||3,800|||3,800|
||Subscription
fee|||16,865|||16,865|
||Other trading
activities|||22,839|||22,839|
||Investment
income|||5, I03|||5,103|
||Other income|||422|||422|
||Total|||813,809|22,571||836,380|
||EXPENDITURE ON|||||||
||Raising funds|||31,150|||31,150|
||Charitable
activities|||||||
||Israel|||90,000|18,002||108,002|
||United
Kingdom|||324,182|4,842||329,024|
||Other|||197,249|||197,249|
||Total|||642,581|22,844||665,425|
||Net gains on investments|||58,497|||58,497|
||NET INCOME/(EXPENDITURE)|||229,725|(273)||229,452|
||Other recognised|gains/(losses)||||||
##
##
|||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|
|||||funds|fund|fund|funds|
||Actuarial
gains/(losses)|on defined|benefit schemes|~11,3183|||~11,3183|
||Net movement
in funds|||218,407|(273)||218,134|
||RECONCILIATION|OF FUNDS||||||
||Total funds brought|forward||979,769|2,626|566,367|1,548,762|
||TOTAL FUNDS CARRIED FORWARD|||1,158,176|2,353|566,367|1,766,896|
|15.|TANGIBLE FIXED|ASSETS||||||
|||||Freehold|Office|Motor||
|||||property|equipment|vehicles|Totals|
||COST|||||||
||At
I January 2020|||374,726|18,939|1,938|395,603|
||Additions||||7,433||7,433|
||At 31 December 2020|||37'1,726|26,372|1,938|403,036|
||DEPRECIATION|||||||
||At
I January 2020|||35,976|12,567|1,938|50,481|
||Charge for year|||2,998|2,672||5,670|
||At 31 December 2020|||38,974|15,239|1,938|56,151|
||NET BOOK VALUE|||||||
||At 31 December 2020|||335,752|11,133||346,885|
||At 31 December 2019|||338,750|6,372||345,122|
##
|||||||Listed|
|---|---|---|---|---|---|---|
|||||||investments|
||IVIARKET VALUE||||||
||At
I January 2020|||||812,205|
||Additions|||||513|
||Disposals|||||(1,635)|
||Revaluations|||||77,948|
||At 31|December 2020||||889,031|
||NET|BOOK VALUE|||||
||At 31|December 2020||||889,031|
||At 31|December 2019||||812,205|
|||||2020||2019|
|||||Market||Market|
||||Cost|Value|Cost|Value|
||||E|E|E||
||Unit trusts||67,355|61,074|66,842|47,946|
||Shares|in O.E.I.C.|573,852|827,957|575,487|764,259|
||||641,207|889,031|643,329|812,206|
||There|were no investment|assets outside the UK.||||
|17.|STOCKS||||||
||||||3 1.12.20|31.12.19|
||||||E||
||Stocks||||13,671|10,723|
|18.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||31.12.20|31.12.19|
||Trade|debtors|||21,344|15,419|
||Prepayments||||6,926|9,770|
||||||28,270|25,189|
##
##
##
|CREDITORS: AMOUNTS
FALLING DUE YflTHIN O|NE YEAR||
|---|---|---|
||31.12.20|31.12.19|
|Trade creditors|1,684|4,193|
|Social security
and other taxes|148|288|
|Other creditors|2,710|1,750|
|Deferred
income|14,806|13,538|
|Accrued expenses|9,409|9,670|
||28,757|29,439|
##
|||31.12.20|31.12.19|
|---|---|---|---|
|Within|one year|37,418|44,3 16|
|Between one and five years||84,000|117,799|
|||121,418|162,115|
##
##
||||||||Tangible|fixed assets||Other assets less||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Bank and cash|liabilities|Total|
|||||||||||F||
|Permanent|||Endowment|||Funds:||||||
|Jane Cook||fund||||||147,369|||147,369|
|Dolman|Trust||fund|||||197,377|82,193||279,570|
|A.C. Martin||Memorial|||fund||||139,428||139,428|
|Restricted||funds:||||||||||
|UK|||||||||857||857|
|Israel|||||||||822||822|
|C. Payne|literature|||fund|||||1,273||1,273|
|Unrestricted|||funds:|||||||||
|General|fund|||||||2,139|113,604|367,115|482,858|
|Minimum|reserves||||||||200,000|100,000|300,000|
|Succession||8c|reorganisation||||||200,000|300,000|500,000|
|Israel|||||||||18,058||18,058|
|||||||||346,885|756,235|767,115|1,870,235|
##
||||||||Movement
in|Movement
in|Transfers|||Balance|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Balance|incoming|outgoing|between|3|I|December|
|||||||IJanuary 2020|resources|resources|funds|||2020|
|Permanent||Endowment|||Funds||||||||
|Jane Cook|Fund|||||147,369||||||147,369|
|Dolman Trust||Fund||||279,570||||||279,570|
|A.C. Martin|Memorial|||Fund||139,428||||||139,428|
|||||||566,367||||||566,367|
|Restricted|Funds||||||||||||
|C. Payne literature
Israel
UK|||fund|||1,693
3
657|55,391
5,657|(420)
(54,572)
~5,4573||||1,273
822
857|
|||||||2,353|61,048|(60,449)||||2,952|
|Unrestricted||Funds|||||||||||
|General
Fund||||||580,118|596,395|(493,655)|(200,000)|||482,858|
|Designated|Funds:||||||||||||
|Minimum
Reserves||||||200,000|||100,000|||300,000|
|Succession|fk|Reorganisation||||400,000|||100,000|||500,000|
|Israel||||||18,058||||||18,058|
|||||||1,198,176|596,395|(493,655)||||1,300,9 I6|
|||||||1,766,896|657,443|~554,104||||1,870,235|
##
||||||||||Defined benefit pension
plans|Defined benefit pension
plans|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31.12.20|31.12.19|
|Present|value|of unfunded||obligations|||||~135,100)|~136,400)|
|Deficit|||||||||~135,100)|~136,400)|
|Liability|||||||||~135,100)|~136,400)|
|The amounts||recognised||in the statement||of financial|activities|are as follows;|||
||||||||||Defined benefit pension
plans||
||||||||||31.12.20|31,12.19|
|Net interest||from defined||benefit|liability||||2,000|2,800|
|Changes|in the present||value of the defined|||benefit obligation||are as follows;|||
||||||||||Defined benefit pension
plans||
||||||||||31.12.20|3 1.12.19|
|Defined|benefit obligation|||brought|forward||||136,400|139,200|
|Interest|cost||||||||2,000|2,800|
|Actuarial
Benefits|losses/(gains)
paid||||||||13,425
~16,725)|11,318
~16,910)|
|Defined|benefit obligation|||carried|forward||||~135,100)|~136,400)|
|Principal
actuarial
assumptions|Principal
actuarial
assumptions|at the balance sheet date (expressed|as weighted|averages)|||
|---|---|---|---|---|---|---|
||||||31.12.20|31.12.19|
|Discount rate|||||1.05%|1.55%|
|Future pension
increases|||||2.15%|2.15%|
|Defined contribution|scheme||||||
##