Coinpany regisli'atioii Iiun)ber.' 08370403 Cliai-ily regi8ti'atioJi nuinber.. 1154353 Manchester Jewish Museum (A coinpany liinited by guarantee) Aniillal Report aiid Fiiiancial Stateinents foi. the Year Ended 31 Marcli 2022 Manchester Jewish Museum Contents Refereiice and Administratioii Details Ti'ustees, Report aiid Stateineiit of Respoiisibility Liidependeiit Auditoi s Report Statetnenl of Financial Activities 12-13 Balance Slieet 14 StatcJnent of Casl) Flows 15 Note5 to the Financial Statements 16-28 ## **Manchester Jewish Museum** ## **Reference and Administration Details** |**Chairman**|Mr R H Chapman QC| |---|---| |**Chief Executive Officer**|Mr G L Redston| |**Trustees**|| ||Mrs C V Birchall| ||Mr A M Singer QC (resigned 19thOctober 2021)| ||Mr M W Dunbar (resigned 23rdDecember 2021)| ||Mr D Jaffa| ||Mrs H Jenkins| ||Mr P M Shapiro| ||Mr G L Redston (appointed 1stDecember 2021)| |**Executive Management**|Mr G L Redston, Chief Executive Officer| |**Principal Office**|190 Cheetham Hill Road| ||Manchester| ||M8 8LW| ||The charity is incorporated in England & Wales.| |**Company Registration Number**|08370403| |**Charity Registration Number**|1154353| |**External Auditor**|Beever and Struthers| ||One Express| ||1 George Leigh Street| ||Manchester| ||M4 5DL| |**Principal Bankers**|Santander UK plc| ||Bootle| ||Merseyside| ||L30 4GB| |**Solicitors**|Robin Burman| ||446 Barlow Moor Road| ||Chorlton| ||Manchester| ||M21 0BQ| 1 Manchester Jeivish Museum Trustee's Report -he Ii'ustee5, who are dii'ecÉoi's foi. Ilie purposes uf cojnpany law. piesent tl)e annual report togethei. with the riiiaiicial stateinenls of tl)e charitable coinpany for the ycai. ended 31 Mairh 2022. Slructurci governaEJ¢e aiid managenient Nllliire ofgoveriiiiig ¢lociiiiiLJiII Tlie full najne of the Charily is Manclicstei. Jewish Museuin. I'he Charity i5 govemed by the Board of Trustees and Inanaged by tlie Inuseuim's CEO.'lkne CFO leads H teaiii coinpi'isin¥'. financc Maiiager. Progiaiiiiiies Managej., Creaiive Pr()ducei' Ix 2), CLlI'atoi', Marketing & Coininui)ications M(ITiagei', Cafe aiid Reiail Operatioiis Manager, Café 1 eatn l.eaders (x 2) aiid Wel¢oine Assistant. The Inuseiiin (1150 lias ovei. 60 voliiiitccrs. 'lkne Trustees wlio have acted dui'ing the yeai. are listed 011 page The Cl)arity's assets air available and adequate to fulfIl the obligations of the Charily. Recriiilijieiil uiid rtppoiiilpiieiil of Iriislees Trustees are appointed by iiivitstion from the existing Trustees and by inajority vote of the Ti'ustees of ihe Charity. ArrffiEgeiiieiilsfor st//iiig key iiiftiiugeiiieiilpersniiiiel reiiitiiiérnlioii 'I'lie trustees. incliidiiig tlie CF.0. coinpi'i5e thc key Inanagellieiit personnel of the cliai'ity who oversee diirctiiig and Controlling, ruiinin&> and opeiating the Chai'ity on a day-t(i-day basis. The pay of the CEO is reviewed aniiually by the Trustee5. Orgaiiisolloiirtlsiriicliire Trustees Ineet quarterly at which Liine the Inuseuin Chief Executive, who is appoiiited by thein is responsible foi. tlie day to day ruiining of the In115eiini, ieports on all Inatters of Inu5euin policy and strategy. fTUStees are inforined of 5tTategies to increase and diversify audiences. Aiiy change5 in strategy are discussed, amended and when agired. adopted as wi'itteii Inuseuin policy by trustees aiid iinpleineiited by the CEO. Wheie risks al'e identified particularly regarding fundiiig, steps are takeii as described below (see Risk Indnageinent), iiicluding refeience to how the museum has Inet its aiins in the advancement of leaiiiing, citizenship, heritage. arts nd ciiltiiiE. Since opening iii 1984. the miiseiim has been housed in a foirner spanish and Portugiiese Synagogue, daling back to 1874, iiiaking it Ilie oldcst sui'viving syiiago&iLie bllilding in Manchestei.. It is now a Gi'&de [[* listed building. Work started on a Inajor capital pi'ojecl in 20 19 and was ¢oinpleted in April 2021. The inuseuin's synagogue buildiiig was iepdll'ed and IEfurbislied, and a Inajor new extension biiilt to accoininodate a new galleiy. cafe, retail and visitoi. cenlie. Risk Mflll(Igeiiieiil The iiiuseuin CEO is charged with notifying trustees of any I'isks facing the Iiiuseum aiid of iinportant incoine and expeiidilure Inaltci's iiicluding.. Possible fiiliiie deficits to Inaiii I'evenue grants particulai'ly froim core funders. Capital ijrojects. Any fiiiidraising 5ticce5ses aiid tlie pi'ojecl involved. Aiiy ii)8joi' clianges to Iiiu5euin fiindiiig slrucliire, assessing both the negative aiid positive effects of ihese chang¢5 on the orgaiii5ation. A detailed Risk Register is rcviewed by all Ti'llslecs Et each Fjodrd tne¢ting. Any higli I'isks are discussed, ai)y api)Topriate aclioii takeii to niitigate these risks. 111 2020 a COVID Risk Registei. wa5 pi'odllced and is revicwcd Irgu11c I'ly to eiisuie the Ii¢alth aiid safety of nillseui)I sldff, volunteers aiid visilvrs. The Trustees air awaie of staff sli'uctuie and resp0115ibilities aiid dre notified of staff clianges. All staff al'e paid at Lacal Goveiniment lates and iiatioiially agieed conditions of sei-vice apply. All staff aTid voliinleei's ill'e DBS MAnchcster Jewish Museum 'rrustee's Report Rl.fk Mlliiftgeiiieiil (COlEliiiiieil) cliecked and participate iii ielevant ti2itJing pi'ograinmes. Objecilves ftii(IAellviile. The pi'incipal activily of tlie Cl)2rity aiid Coinpany is that of a museuin. The TrLisiees have paid due l'egal￿ to the Cliai'ity Comiiii55ion's giiidance on publi¢ benefit and the following paragraphs describe the activities undei-lakeji to delivei. public beiiefIt. To advance education for tlie publie beiiefit by man8gtng and niaintaiiiing R tTruseiim collection and histoi'ic synagoglle Hnd by bi'iiigiiig to%ether people ofall 8ges, faillis aiid backgruiinds to shdre 5torics of Jewish Manch¢%ter and otlier faiths in order to promote tolerAnce and a culturally dlverse society ftsr the benefit ol the public. Thesc aiins continue to forni tl)e basis for all Inuseuin policy and are available foi. the widest nuinbei. of audi¢iices. At the end of a Iwo-year capital project, the new Maiichester Jewish Museiiin was officially handed back to US on 30 Api'il 2021. Despite tlie dil'ficultie5 of the ongoing pandeinic. Inuseuin stAff, volunteei's and irustees worked tirclc5sly through May and June to prepai'e for re-opening. A series of ti'ailbla£ei' evcnts look place in June, including an innovative walking toui. of the local aira developed and delivered by interactive a11S Coinpany The Bare Project and a food-based perfomiance project by'fheatre Chef l.eo Burtin called P,at the Ai'chives. A soft launch for friends, fainily and peuple close to the pi'oject was held on Julie 27, and a press day took place on 30, June. l-he new museum officially opened to ihe piibli¢ at l Oam on Friday 2. July. Tl)e new Inuseuin includes a new 'Koshei' Style, vegetarian ¢afé, serving locally sourced and 5ea%on81 dishes that connect audience5 willi Jewish food cultui'e in playful and uiicxpected ways. Popular dishes on the Inenu include a classic cliolent Stew and our own vegetariatj version of th¢ classic smoked saliTJon bagel rea￿rIng 'cari'ot lox, A new archive store put% tlie inuseiiin'.% collection at the heal-t of the visiturjourney for the fii'st lime. Our collection of over 30,000 objects liad previoiisly been difficult to access for research¢is 8S It was spread ai'ound varioiis locations. St was also difficult foi. tsiir Curator to inonitoi. storage conditions lead￿8 to concerns over the care and Condition of objects. The iiew, climate-controllcd Space provides casy access foi. anyone wanting to conduct rcscai'cli and ensures the collection is provided with the optiinuin coiiditions for collections cai'e. At the rear of the new museum a Learning StEidio and Kitchen has been created. This flexible spacE provides a wann. welcoining hoine for OUT parlicipatoiy groups, w¢ekeiid and lioliday family aLtivities and booked visits froin &dult groups and scliools. 'fhe addition of a kitcheii to this space allows for collective experiences of cooking and sharing food together. fior exainple, each school visitoi. gets to piepaiE and lake home a luaf of challah bread. This plailed loaf is a potent symbol of Jewish faith culture and by taking hoine and sharing tliis bi'ead with friend5 aiid fainily each student helps intrea%e the Inuseuin's reach atjd lui'ihei. oui. aiins of connecting people through Jewish stories. Oui. new gallei'ies aie presented through the tliree univei'sal theines of Joiirney%, Coininiinilies and Identitie5. By following a Iheinatic approach tlie Jiew gallei'ies n)aking Iiiiiouely and Iinapologctically Jewish stories relevai)t and usefiil to oiir divei'se aiidieiices. Aiioiher fundaniental approach to tl)e design of tliis gallery is OUI. coininitmenl to using first person testiimony a5 much a5 possible. fecdbaLk lo thi5 appi'vaLh has shown tliat our visitOT5 value thi.8 cottheclion to IEdl people and find this appiDach Jttore impactful thAn hearing tl)e saine inforination via a third person narrative. Alongside the new-build extensioii, the Inuseuin's Grade 2* listed Spani511 and Poitiigiicse Synagoglle has been lovingly irstored to its forjner gloiy. A iiew roof has piotected aiid pieserved the buildiiig foi. fului'e geiierations and a iiewly i'estoied dccoi'ative sclieme has bi'ought the buildiiig back to life after alniost 150 yeai'.5 of weal. and tear. A new intei'pretive scheine IN tlii5 space has once agaiii placed ftrst person testiinoiiy at the centi'e of tlie visitoi. oxpei'ience. A nuinbei. of 'sound pods. allow visilors to connect with direct testiinony froin ineinbers of Mancliester Jewish Museum Trustee's Report ObJec/ive.f aiidAciivilie.¥ (coiiiliiiie(l) Mancljesler's Sephardi coinmiinily, Inany of whoin Tocount n)eInories of woi'shipping in the synagogue when it was still iised foi. WOT511ip. The re-openiiig of the inuseiiin in July was tiined to coincEde with Maiichestei. Iiiteinational Festival and the Ladies CJallery of tlie Synagogiic played1105t to the Inost ainbitlOU5 piece of pi'o#iaIiiining evei. undeitaken by the Inii%euin. Cieative Pi'odiiccr Laura Seddoji coininissioii¢d Tiiriier Pi'i7.e winnin8 ai1ist Laiire PIDUVOSt to produce an iinineT5ive filin installation inspiied by and co-CTeated witli fcinale Ineiiibei's ofilie Sephai'di coii)Inunity in Manche.£ter. The iiistallation was hugely successful in attTacting a d1vc1￿¢ Iiew aiidien¢e to (lie InLiseuin. with over 1500 people visiting durijig the two weeks of the fcstival and over 5000 people in total during the staging of ihe installation which Tan until the ￿ld ofsepteinber. The Inuseuin was forliinate with the tiinin8 of intreascs in covid outbieaks in that (with extensive safety provisions} we weie able to open as planiicd in July. Unfortunately, ri.8ing Cugh pi-ivate donations. Additioiially, new partnerships have been agreed this year with The Oglesby Charitable Trust Bnd Clore Duffield Fioundation. Fiiiiilraisiiig The Inuseuin lia5 not held avy events (his financial yeai. 5pecificalfy designed foi. fllnd-rai5ing. riiiéiiici¢il Revitw The Stateinent of Financial Activities for the year is set out oil page 12. During the year, the inuseuiii uiirestricted reserves have de¢rca5ed by £19.787 to £130.129. The total funds carried forward at 31 Marcl) 2022 aimouiited to £4,764,155 of which £4.634,026 15 reslricted Anniial budgets al'e approved and Inonitoied by ti'iislees with variances higlilighted (Ind discussed at boaiyl meetings. In the opinion of thc'FTllSlees, the Charitable Coinpany's assets al'e sufficient to fulfil the obligations of the Charity. Manclicstei. Jewish Museum Trustee's Ileport Reserve5 Poliey Stateinent The puipose uf the operating Rescrves Policy of M&nchester Jewisl) Museum is to ensure the stability of ihe ongoiiig opeiations af the oiganisation. Thc I'esei've5 al￿ inteiided to pi'uvide an inleriial source of fui)ds foi. eiiiei'gjency sitiiatioiis and tnabl¢ cash flow when high value giant incoine is Iiaid in cli'irai's. The CEO will inform the TI￿Stees, as part of the Quartei'ly reporting of blldgets aiid figures at board meetings if and wlieii ihe use of reserves is likely. An ainouni will tlien be agiEed for iise iii tlie prc%enl Ll'isis. Should any Ltdditional reserves be required at very shoit notice this will be cleared by the Chaii. of 'l'rusiees aiid Ti'ustee Ti'easurer. The Triistees have agreed that Ihe reserves t(Ii'gel %liould represenl ali ability to rull tlie organisatioii for 3 inonths whilst alternative funding and incoine is identified. The curreiit target figiii'e foi. 3 Inonths i'llnning costs based on the Business Plan estiinates foj. the Jiow developinent is £142,343 (bgsed on e5timgted annual expenditure of £569,373). 'lThe current uiirestritted free reserves ale £121,756 and will be used as and when necessary. Fundraising and unrestricted income genei'ation will be coiitinued to enable lls to achieve and maintain the Teserves tai'get. Future Plgns Haviiigy accrued a year's worth of data and experiences in the new museiiin, we are now in a strong position to Inove foiwai'd. We are currently developiJi8 our business plan for 2023-26 wliich coincides with the next round of NPO funding fi'oin Arts Couiicil Englaiid which we have i'eccntly applied lo remain part of. This next stage of the 2nuseuin's pJx>ject is cenbEd around contiiiuing to deepen Ilie level of eiigagement and involveinent in the decisioii Inaking piDcess for our diverse audienees. In pai'licular, we are focusing on developinu closei. links with oui. divei"5e local comimunities in Cheethain and Ci'iimp5all and with the diverse Jewish Loinimuniiies of Mancliester, especially the ofteii Inai"ginalised and uiider-repTeseiited Flaredi coinmunity. We are also workiiig towai'ds ensuring the muscuin ieinain5 financially stable through the developineni and delivery of a new fundiaising and ievenue geneiatin¥ strategy. Maiicliester ,Jewish Mllseum Statemeiit of Triistee's RespoDsibiliti¢s TIIB trustets (who are also the directoi's of MaAthe5t￿. Jewisli Mllseum for the puiposes of company law) are responsible for prepai'ing the trusteE'S report and tlie fuianGial statements in accordaiiGe with the United ICiDgdom Accounting Standards (Uiiitttd Kingdon) Guierally Acceptsd Accounting Practice) ￿ld Ipplicable law and reglllations. ComparLy law requires the trustees tD prepai'e financial st&teiDEllts for each f￿anCIal Ye￿.. UThdei' coTrp&ny law the triistees inust iiot Etpprove tlie financial stateTneiits wiless tliey are saLisfi6d that they give a true and fall. view of thB State of affaii"s of the charitable Goinpany BJLd ofit5 incoiningresources and application of iYsoui"ces, includii]g its incoTne and expendituit. for that pei'iod. In prepai'ing these fmanciai stateinellt. the tsustees ale i'equii'ed to: Sele¢t suitable aGcDUllting policies ￿ld apply thejn cottsistently. observe the inethods ￿ld PTinciples of the ChaiLties SORP. llkake jud£meiits and estiin&tes tliat are Teasonable and piudent. slate whether applicable UIC accounting standai'ds h&ve be￿1 followed 3ubject to any material departures disc105ed and explained in IhE fmaiicial stateinents,. and pi'epaie the f￿anCIal st&tements on the going concem basis unless it is itLappTopi'iate to presume that the Charity will continue in op6nlioii. Approved by trustees of the charity OD 24th octob￿ 2022 and signed its behalf by.. Mi. R H Chapman Cliairman Maiiche8ter Jewish Miiseum Yeai. ended 31 Mai'ch 2022 Independent Auditoi's Repoi't to Élle trllstees Auditoi's i'esponsibilities lor tlie audit of Éhe finxncial slalemeiits We have audiled the financial Stat￿￿entS of ManchEStei' Jewish Milse￿n 'the charitable coinpaiiy" for the year ended 31 Mai'ch 2022 which coinprise the SiatBinent of Finaiicial Activities, BalancE Sheet, the Statejnent of Cash Flows aiid the Notu to Ilie Fiiiancial Statejnents. The r]n￿]Cial repoi'luig fiainewoi'lc tliat has been applied in theiT pi'eparation is applicable law aIid United K2ngdoin Accountllig Staiidards, in¢ludllig bRS 102 'The Fuiancial Repoiting Staiidai"d appli¢&blE in the UIC and Republic ol Iielaiid" (Uiiited Kiiigdoin Ge11￿.allY Accepted Accouiiting Pi'actice). In our Oplliion, the financi81 statellLents.' givE a tt'ue and fair view of the state of the chaiitable coinpany's affairs as at 31 March 2022 and of 115 incoiniiig i'esoiii'ces and application of i'esources profit foi. the year then endEd 3 1 M￿Gh 2022 have been pi'op8rly prepared in aCCOTdance with United Kingdoin Generally A¢cepled Accounting Practice,. and have been prep￿.ed in accoixlance with the requirements of the Companies Act 2006. Basis lor opinion We condutted oui. audit in accordance with Intetnational Standards on auditing (UK) (ISAS UJK)) and applicable law. Oui. responsibilities under those standards are fvither descrEbed in the Auditor's responsibilities for the audit of the fin*u]¢ial statunents seclioii of our i'cpoi't. We indepeiident of tile charitable coinpaiiy iti iccordance wid) thc ethiGal ieqllll'ements that are relEvant to 0￿. alldit of the flliancial statsittents in the UK, llicluding the FRC'S Ethical Standard, and wt have Culfilled our other ¢thicAI responsibilities iii accord&nce wit&. these i"equiieinents. We believe that the audit evidence we have obtained is Sllfficient and appropJi&te to provide a bas1S for oui opinion. conclu5ioiis relAting lo going coJ)cei'll In aiiditing the fuiancial statanEllts, we have concluded that the ts'ustee8' Use of the going concem b￿lS of a￿Oul1t1￿B ii) tlie p1'eP￿'at10n of thc fmancial stateinents is appropriate. Based on the worlc we have perfornied, we bave iiot identifie(l any material uncertaintlES relating to events or conditions that, individually oi. collectivelyi may cast signific￿lt doubt on the gTOUP'S Oi. pw'ent charity's ability to coiitinue as a goillg Coii¢ern for a pth'iod of at least twelve inoiitbs froin when the financial staterllents al'e aulhoi'ised foi. issue. Ow. i'espoiisibilitics and the respo￿sIbilItieS of the trustees with i'espect to going concern a]E described in the i¢levaiit sections of this I'EPOI'I. Othej. iiiloi'jnatioii The Dtliei. iiifniinatioii coinprises the infoiTration ￿cluded u] tlie anniial repoit. othei. than the fms&ncial stateineTrls oui. aiiditoi s iepoit theiEOlI. Tlie thiistees {whD ai¢ also the diie¢toiE of the chai'itable colnp￿lY foi. the pill'poses of coiiipany lawl ai'¥ itsponsible for the oth￿. infoiination. Oiii. oi)iiiioii 011 lh¢ finaii¢ial stateinents does not ¢Dvei' the otlipA' iiifoi-Ination aiid, except to the extejit otherwise exi)li¢iily staled iii oiii. repoi't, we do not express any forin of assuraiice ¢onclusioii thei'eoii. Manehestei. Jewish Museum Year ended 31 March 2022 Illdependcnt Auditor's Ileport to the triistees Iii connection with oui. audit of tlic financial staten)ents oui. i¥sponsibility is to read the othei. infoi'inatson and, in doing so, considei. whelhei. Ilie othei. infoi'ination is Inaterially inconsisteiit wilh the fijiancial stateinents, oi. our kiiowledge obtained in the audit oi. othci'wisc appears lo bc Jnaterially Inisstat¢d. If we ideiitify sucli Jnalerial inconsistencies or appai'ent Inatei'ial Inisstateii)ents. we are required to deterniine whethci. the1￿ is a Inatei'ial misstatcineiit in tlie financial stateineiits oi. a inatei'ial Imisslateinent ofthe otlier inforination. If. based on the work we Iiave perforined, we conclude that tlici'e 15 a illaterial IiTris5tateinent of ihis nihei. infoi'ination, we al'e reqiiii'ed to reporl that facl. We have nothing to report in this Irgard. Opinions on other mat¢crs prescribed by the Compaiiies Aet 2006 In our opinitsn. based on the WOTk undei'laken in the coui.se of thc audit.. the infumiation given in thc trustees, reporl, wliich inLludes the direotors, iepoit and the strategic report pi'epared for tlie purposes of Coinpany law, for the financial year foi. which the financial stateinenls are prepared is consistent with the financial stateinents-, aiid the strategic report and the directors, report iiicluded within the tt'ustees. report have been piEpared in accordance with applicable legal requireinenls. Matters on whieh we are requii'ed lo report by exceptioii In the light of the knowlcdge aiid undei'standiiig of the ¢haritable company and its environment obtained in the course of the audit, we have not identified ii)atei'i81 misslateincnls in the strategic IEport or the dsrectors, report included within the trustees, rEPOIt. We hav¢ nothing to i'eport in respect of the following matters in relation to which Companies Act 2006 requires us to i'eport to you if, in oui. opinion- In the light of the knowledge and undeistanding of Lhe charsty and its environment obtained in the course of the audit, we have not identified material Inisstateinents in the trustees. report. Responsibilities of trustees As explained mol'e fully iii the Tru5tees' Responsibilities Statement set out on page 7, the tt'ustees (who are also the directors ofthe cliEritable company foi. tlie purposes of company law) sre I'esponsible for th¢ prepai'atioii of the finaiicial siateinciits and for being satisfied that they give a true aiid fair view, and for siich internal coiitToI as the ti'ustees detci'iniiie is necessary to enable the preparation of financial slateinents that al'e free froTn Inaterial isstatement, whetl)er due to fi'aud oi. eiTOI'. In preparing the financial statement5, the ti'ustees are responsible for assessing the charitable coinp3ny's ability to coniiiiue Rs d going concern, disclosiiig, as api)licable, 11i3tters ielal¢d to goiiig concerii aiid using tlic going concei'n basis of accouiiling unlcss tlie ti'ustees either ii)tend to liquidate the charitable coinpaiiy or to cease opel'alions, oi. have no IEalisti¢ alteTnative but lo do so. Manchester Jewish Museum Year ended 31 March 2022 IDdepeJident Auditoi s Report to the ti'ustees Audilor's respoiislbilitiw foi. the audit of tlie financial statetllents Out objectives aTe to obtain reasonable assurallce about whethei. the r￿lancial stateilleDts as a whole are free fiom matej'ial Inis5tatement, wliether due to fraud or ei'i'oy, and to issue an auditor's report that includes our opinion. R6asoRable assui'aiice is a high level of assurance but is not & gu&'ant6e thFLt aii aiidit conducted in accordance with ISAS (UICI will always detect a Inaterial mis8tatthnent when 2t exists. Misslal6iiie￿ts can ai'isc fi'om fraud or errol. and aiE consÈdtred rnaterial if, individually or in the aggreg8te, tl)ey could iEasonably be expected to influ￿]¢¢ the econoinic decisioJTrs of users taken on th¢ basis of these financial statenient5. Iritgulai'ities, including fi'aud, are iTrst&nces of llon-coiiipliance with laws and itgulations. We design procedures in line with oiu i'esponsibilities, outlined above, to deteet in¥lei'ial Inisstateinents in respect of ￿regulariticS, ineludingfiaud. The specific procedures for this engageJnent¥&nd the exlentto which tli¢se ar¢ Capable of detecting irregularities, including fraud is detailed below- The cxtent to which tlic audlt was eonsidered capable of detecting irregularities includimg fi'aud Oiii. appi'ooch to idgnlifyingondassessingihep'isks ofmatep'ialpJii.FStnlgiNeni in i'especl of(I'Fe&ilap'ities, iKcliidiFJg fraEid L7nd i?On-CnFnpliancg Ivlih IÉTWS U17dp'eguZulioJ7s, wus asfollmiis.. the engageTnent paitnei. ensured that the engageinent teain LulleLlively had the appropriate ¢oillpetei)ce, capabilities and skills to idcntify or rccogTiise noii-coinplianL¢ wilh applicabl¢ law8 a]id regulations. we idelltified the laws and ie2ulations applicable to the conipany through discussions with dllrctO￿ and other inanageinent, ai)d troitj oui. knowledge and e%peri¢llLY uf Ibe charity tsector. wc foc￿Sed specific laws and regulations which wc cnnsidered inay hsve a direct inatei'ial effect on tht f￿ancIal stateinents or the operation% of tlie ¢oinpanyy including the Coinpaiiies Act 2006, the Chai'ities Act 2011, taxatioii legEslgtioii, data protectioii, anti-bribery, employinent, environinental and h6altli safety legislatLOn. WE assessed the extent of coinpliance with the laws and regiilati(Ins idefttified above tlwough making enquiries of inanagement and ingpectiiig legal correspondcnce. identifEed laws and irgulations weiE coinmullicatcd within the audit teani regularly and the team ained alert to instances of no*-coinplian¢e thi.￿UghoUt the &udit. We assessedihe.yiiscepfrbililJ) ofthe company'sfiKuAeitsl$iotgFJ7enfs (o malei'ialmisslaleinent, inGludFng obiaFiiing £TPI 1117dwslandingofliowfi.L7tfd mighi Occ￿?,, by.. n2aking cnquiries of iiianagement as to whej'e thry considei'ed there was susceptibility to fraud, theii. knowltdgc of actual, suspected and alleged fraud. considering the intei'nal controls in place to InEtigate risks of fi7ud and non-compliance with l&w& and regulations. io ## **Manchester Jewish Museum** ## **Year ended 31 March 2022** ## **Independent Auditor’s Report to the trustees** _To address the risk of fraud through management bias and override of controls, we:_ - performed analytical procedures to identify any unusual or unexpected relationships. - tested journal entries to identify unusual transactions. - assessed whether judgements and assumptions made in determining the accounting estimates set out in were indicative of potential bias. - investigated the rationale behind significant or unusual transactions. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. ## **Use of our report** This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body for our audit work, for this report, or for the opinions we have formed. Richard Graham FCA (Senior Statutory Auditor) For and on behalf of Beever and Struthers Statutory Auditor One Express 1 George Leigh Street Manchester M4 5DL Date: 29 November 2022 11 MaiiLhestcr Jewish Museum Stklternent of Financial Activities for the Year li nded 31 March 2022 (Including Income and Expenditure Aeeount) Unresti'icted fund5 Restricted funds Endowment fuiids Total Total Note 2022 2021 Iiicome from.. Doiialiuns aiid legacie5 Cliai'it#ble activities Oil)er trading activities Investinent income Otlier incoille 253,752 63,538 52,652 14 197,280 451,032 2,764.168 63,538 432 52.652 14 4,214 51,687 248,967 51,687 6,447 618,923 2,776,422 Total Incojne 369,956 Expeiiiliture oil.. Raisiiig funds Charitable activilie5 (35,697) (354,0451 (389,743) (63.406} {444,428) (507,8J4) (99,104) {30,519} (798,4731 {303,0691 (897,578) (333,588) Total Expenditure Net incoine (19,787) {258,868) (278,6551 2,442,834 Transfers between fi]iids Net Inovein¢nt in fiinds Reeoncilialion of fund5 Total funds bi'ought foiward Total fund5 carried foiward (19,787} 1258,868} (278.655} 2,442,834 149.916 130,129 4.892,894 4,634,026 5,042,810 5,042,810 4,764,155 7,4S5,644 All the charity's activities derive froin continuing op¢J3tions during the above period. The notes on pages 16 to 28 foi'in part of these financial statejnents 12 Manchestci. Jewish Museum Stgtemcnt of fiinancial Activities foi. tlie Year Fnded 31 March 2021 (Including Incoine and Ei xpenditure Accouiit) Uiii'e5ti'icted funds Re5tric(ed fund5 I ndowment funds Total Total Note 2021 2020 Iticome Ironi: Donations and legaeics Cliai'itable activities Other tiadiiig activities IDvestmenl incoine oihei. incoine 177,211 432 4,214 152 2,586,957 2,764,168 1,776,799 432 6,071 4.214 4,737 2,990 6,447 11,953 2,776,422 1,802,550 1,009 (380) 2,587,586 6,827 188,836 Total li)coine Expenditui'e oii.. Raising fiinds Chai'itable actiV21ies {5,468) {156,699) (162,167) (25,051) (146.3701 {171,421) (30,519) 140,781) (303,069) {321,541) (333,588) (362.232) Total Expenditiire Net ineome 26,669 3,500 2,416,165 2,442,834 1,440,318 Transfei's between funds (3,500} Net Inoveinent in fuiids Recoii¢ili£2tion of fuiids Total funds brought foi.ward Total fullds carried forwai'd 30,169 1,441,775 (3.500) 2,442,834 1,440,318 119,747 149,916 2,476,729 4,892.894 3.500 2,599,976 1.159,658 5,042,810 2,599.976 21 All the charity's activities derive from coiitinLIIII8 operations during the above period. 'rhe notes on pages 16 to 28 foTm pai't of these fmaiicial statement 13 Manche5teJ' Jewish Museum (Registration iiumber: 08.370403) Balxnce Sheet as at 31 Marcli 2022 Not¢ 2022 2021 Fixcd asscts Tangible assets Cui'rent assets 15 4,776.067 4,645,886 Stocks 3,556 100,549 284.917 389,021 90 347,671 580,973 928,734 DebtOTS Cash at bank and in hand 17 Creditors: AD]ount5 f211tng due iyithiEJ onc year Net curreiit assets 18 {400.933) (11,912) 4,764,155 1531,810) 396.924 5.042.810 Net assets Fund5 of the eliarity: Endowrllenl funils Restricted funds Unrestricted incotne fuiids Ui)resti'icted fi]iids 4,634,026 4,892,894 130,129 4,764,155 149.916 5.042,810 Total funds 20 The fJn2ncial Stat￿nents on pages 12 to 28 weiE approved by tlie trustees and authorised for issue on 24￿ Octob￿. 2022 and signed oii their behalf by.. Mr R 14 Chapinan C'liall'mat] Mi3 C V Birchall Trll5tec Company Registi?lion Nuinbei.: 08370403 The i)otes on i)ages 16 to 28 foi'in part of these fthancial sldtBments 14 Majicliester Jeiviyli Museum Statement ijf Cash Flows for the Year En(led 31 March 2022 2022 2021 Note Casli llows fi'om operatlng Aelivilie5 Net Lash iiicoine Adju$tniciits to eash flows Irom non-easli itein.s Investineiit iiicoine Interest payable 1278,655) 2,442,834 {14) 10,924 (267,745) 345 2,442,018 Working capital adjustments Depreciation of tangible 8S5ets Incitase in stocks Decieasel (iiicirase in debtors) (Deci'ease)l in¢i"ease iji creditors Nel Cash flow5 fi'oin operating activities Cash flows fi'oin investing acthvities Interest receivable and siinilar income Pui'chase of tangible fixed as5eis Net cash flows froiii investing activiLies Cash tlTrws from financing #etivities Interest payable and siinilai. chai'ges Net increase in cash and cash equivalents Cash and casli equivalcnts al l April 2021 Cash and cash equivalcnts at 31 March 2022 15 200.613 (3,466) 247,122 {130.877) 45,647 1,715 {90) (111.949) 341,793 2,67J,487 16 17 14 15 1330,793) (330,779) (3,236.706) (3,235,545) (10,924} (290,055) 580,971 (345) (562,403) .143,376 580,973 22 284,917 All of the cash flow5 are dei'ived from continuing operatioiis during the above two periods. 15 MRnchester.lewisli Museii Note5 to the Financial Statements for the Year Ended 31 March 2022 Charity status The cliai'ily is a cl)arily liinited by &7iiaraiilee and consequcntly doe5 not have 51iare C¢ipII81. Each of the triistees is liable to conh"ibute an ainounl not excceding £ I towai'ds the asse15 of the chcirity in the event of liquidation. The aildrcss ofthe IEgistered office is.. 190 Clieeihain Hill Road. Mancliestei., M8 81.W. Accouiiting Poltcies Summary of sixiiifi¢8111 aecounling policies and key aecounting c5timxles I'lie pi'incipal atcouiiting policio% applicd iii the pirpaiativn of these finaiicial statcJnei)Is ale sel otit below. Thes¢ policie5 have been consistently applied to all the years presented. unlcss othenYEse stated. Basis of Preparation The financial stateii?ents have beeji prepared in atcordance with Accounting and Reporting by Charities.. Stateimeiit of Reconiinended Practice applicable to cliai'ities preparing theii. accoiin15 in Mccoi'dance with the Fiiiancial Reporting Staiidard applicable iii the UK aiid Republic nf Ireland {FRS 102) (effective l January 20191 (Charities SORP IrRs 10211, the Finaiici31 ReportiIig Standard applicable in the (JK aiid Republic of Iieland {FRS 102) and the Coinpanies Act 2006. Manchester Jewisli Miiseuin Ineets the definition of cl public beiiefjt entity uiider FRS 102. Assets and liabilities are initially iecognised at historical cost or traiisaction value unless othei-wi5¢ Staled in the relevant accounting policy note5. The financial statements are presented in stei'ling and are rounded to the nearest pound. Prepai'atioii of Aecouiits on x going eoNcern basis I'he trustees consider that their are 110 inateTial unLertainties about the chai'ity's ability to continue as a going concem nor any 5igiiificant aitas of unceilainty that afTect the carrying value of assets held by the charity. Iiieotne from ehai'ttable aetivilies All incojne is iecognised onc¢ the charity has entitlejnent to the incoine, it is probable that the incotne will be received, aiid the ainount of the incoine receivable can be mea5u1.ed reliably. Doiifflioiis ftiiilleg(Icles Donations are i'ecognised when the charity has beell nolified in writing of both the ainollnt and settleinenl dat¢. In the eveiit that a doiialioii is siibject lo condilions that IfqUlTe a level of perfoiThiance by the cliai'ity befoi'e the chai'ity is entitled lo the fiind.%, the incoine is defei'iEd and not recognised until either those conditioiis ale fully met, oi. the fulfilineiit of those conditions is wholly wiihiii the Lontrol of the charity. aiid it 18 pi'obable tliat these coiiditions will be lulfilled in the ieportiiig period. GrfiiEls receivahle Grants are recognised wh¢n the charity lias an entitleii)ent to tl)e fiinds and any conditions linked to the grant5 have beeii Jiiet. Wliere pei'foiinance cniiditioiis are attached to the ¥Taiit ai)d are yec tu be Inel, the in¢oiMe is recognised as a liability aiid inclllded on the balance sheet as defejred income to be Irlegsed. 16 Manche8t¢r Jewish Museum Notes to the FinAncial Statements foi. the Year Ended 31 March 2022 Jiivesliiieiil iiicoiiie Interesl is iiicluded when receivable and the ainount can be Ineasurcd i-eliably by Ilie chai'ity. tliis is norinally upon notification of the interest paid oi. payablo by the Bank. I xptnditure All expeiiditui'e is rccognised once Iheie is a legal oi. con5tTllCtive obligatioii to thal ¢xpcnditurc, Ét is pi'obable settleineiit l5 requii'cd aiid Ilie aimount can be Ineasured rcliably. All costs air allocated to ihe applicable expendityrc heading tliose aggregate siinilar cost5 to Iliat category. WTrei'e costs caniiot be dii'ectly attributed to headings. they have bctn allocated on a basis eoiisistei)t witli the use of irsources, with ccnti'al staff costs allocated bascd on time spent, and depreciaiion ¢har¥es allocated on the portioii of the asset's us¢. Othei. support costs ait allocated based on the spi'ead of staff costs. Riiisiiigfiiiids These al'e costs incurred in attractiiig voluntary incoine, the Inanageinent of inveshnents and those incurird in 2ding activities that rai%e funds. Clitsrllllble ffLllvilies Charitable expenditure comprises those costs incurred by the charity in the delivery of sts activitie5 and services foi. its beiieficiai'ies. It includes both costs that can be allocpLted directly to sucli activities and those costs of an indirect nature necessary to suppoi'L thein. Siippori cosI.f Suppoil costs incliide Central functions and have becn allocated lo activity Cost categories on a basis consistent with tlie iise of iEsoiirces, foi. exainple, allocating property cost5 by floor areas, oi. per capita, staff costs by th¢ time spent and other costs by their usage. Goveriiaiice cosls These include the costs attributable to the charity's coinpliance with constitutional and statutory requirements, including audit, strategic In8nagement and trustees, meetings and reimbursed expen5¢5. Taxation The ctkarity is considered to pas5 the tests set out in Parag17ph I Schedule 6 of the Finance Act 2010 and therefore it meets the definilioii of a charitable coinpany foi. UK COlPOTatioii tax purposes. Accoi'dingly, tlie charity is poteiitially exeinpt from taxatioii in resp¢ct of inconie or capital gaiiis Teceived within Categoi'ies covei'ed by Chaptei. 3 Part I l of Ihc Coi'poration Tax Aci 2010 or Sectioii 256 of the Taxation of Chargeable Gains Act 1992, to the exteiit that such incoine oi. gttins are applied exclusively to cl)aritable purposes. Taiigible fixed assets Individual fixed assets C05ting £ 1,000 or Inoi'e air initially i'ecorded at cost les5 any accumulated dcpreciation and iIMpaii'iiient losse5. Asscts lire c31)iialised when it 15 probable that futUlE econoinic benefits associated with the itein will flow to the eiitity and costs can be measiii'ed reliably. Debtor5 Tiade and oth¢T debtoi's al'e recognised at the settlefflent ainoiiftt due after any ti'ade di￿ourtt offeTQd. Pi'epayinenls are valued at the amounl prepaid iiet of any ti'ade discounts diie. 17 Manchestcr Jewish Museum Notes to the fijilaneial Stateincnt.s for the Year Ended 31 March 2022 Ci'editors Ci-editois arc recognised whei'e tl)e chai'itable coinpany has a presenl obligation resiiliing froin a past event that will i)robably iesuli iii tlie ii'an.8fei- of fvnds to a tliird pai'ty and tlie aiiioiint diie can be Jneasiiied or esliinated reliably. Citditors al'e Iiorjmally recogiiised at their seitleinent ainount after allowiiig foj. any Iiade disLouTils diie. Cash at Bank iii hand Cash at bank and cash iii hand includes cash and short terjn highly liquid inyeshnents with a short Jnaturily of three rnonths or less fi'om the date of acquisition or opening of the deposit or sitnilar acci)uiits. Opei'atiiig Lease Agi'cem¢nt Operatinb Icases al'e leases in whicli the title to the as5et5 and tlic I'isks aiid rewai'ds of ownersliip reinain with the lessor. Reiital chai'g¢s are charged oli a slraiLJht-line basis tsver the teriii ofthe lease. Depreciation Depreciation is pi'ovidcd on tangible fix¢d assets so as to wi'ite off the cost or valuation. less any e5tEinated residual value, over their expected useful econoimic life as follows.. Asset class Fieeliold land and building5 Fixtur¢s, fitting5 and equipineot Solhvare Ass¢ts under construction Depreciatio￿ mtthod and rate 50/0 Stiaigl)t line 330/0 Straight line I 00/0 Straight line aiE not depJEciated until brought into use Stock Stock is valued at the lower of Cost and estimated selling price less costs to coJnple(e and sell, aftei. due regard for ob501ete and slow-lnoving stocks. Donated itcins of 5to¢k al'e JEcognised ai fail. value, which i5 the ainount the cliarity would have beeii willing to pay for the it￿nS on the open Inai'ket. Fund structure Unresh'icted incoine funds aiE general fijnds thal are av&ilable for use at the trustee's discretion in fui1herancc of the objectives of the charity. Such funds may be held in oi'dei. to finance both woi'king capital aiid Capital Restricted income funds air those donated for use in a particulai. area or foi. specific pui'p05es, the use of which is restricted to that alEa oj. purpose. Vinancial tnsti'uments Clas5'1ficftlioii FinanLial assets and finaiieial liabilities aie recognised wl)en the charity becoines a paity tts tlie ctsntractual Finaiicial liabilities and eqiiity instruments are classified accoixling to the substance of the conlraclual arranu7einei)Is cnlered iiito. An equily in5ti'uinent Is any conh7Ct that evideiices d I'esidiial intcrest in the assets of the chai'ity aftei. dediicting all its liabilities. 18 Judgement5 %nd Key Sources of Ei stimatioD Uncertainty The pi'eparation of the finaiicial stateinents I'equires InaiiaB¢illenl to Inake judgenients. estill)(Iles and assuiiiptions that affcct the aillOUlItS l-Epoiled. 'I'hese estiinates and jiidginciits are coi)tinually IL'viewcd aiid based on experieiice and otlier factOl'5., includiiig expectatlOl15 of futuro evei)Is ihat are believed to be reasonable uiidei. the circuinstance5. .8lgiilflcaiii JEidxeiiieiils 1Thc judgeinents {apk)ii froin those involving esliinatioi)s) thal Inanageinenl l)a5 Inade in the process of applyii)g tlie Chai'ity's accounting w)licie5 and that have the Inost ssgnificaiit effcct on ihe ainouiits I'ecogjiised in the rinaiicial stateinent5 ￿11¢.. Detennination of whethei. tl)ere are indicatois of impaiijnent of the Cliarity's tangible fixed 9s5ets. 'actors taken into consideration include tlie econoinic viabilily and expected futiiie fiilancial peTfoiii)ance of the asset Determination of the recoverability of trade debtor5. A specific pix)vision is Inade agaiiist debis where in the opinion of the trustees the debt ss not considered to be fully recoverable Key Soiirce.T of Esliiiittlioii Uiieerlmiiity The judgeiments (apart from those involving estimations) that Inanageineni has made in thc process of applying the Charity'.% accounting policies and that have the Inost significant effect on the amounts T¢cognised iii the fillancial stateinents are.. Accoui)tinu estiinates and a5suinptions are made concerning the future and, by their nature. will rarely equal the IElated actual outcoine. The key assuinptions and other sources of estiination uncertainty that have a significant i'isk of causing a Inaterial adjustinent to the carrying amounts of assets and liabilities within the next financial year are as follows: Tangible fixed assets air depreciated over their useful lives taking into account iesidual values, wherc appropriale.-Fhe actual lives of tl)e assets and I'esidu81 valkies are assessed annually and Inay vary depending on a nuinber of factors. Residual value assesginents COll5idei' issues such as fiitui'e Inai'ket conditiuns, the reimaining life of tlic asset and projected dispos21 values. The carrying amount of such assets 15 £4,776,067 (2021: £4,645,886). Recovery of trade debtors. A specific provision is made agafftst certain debts wliere in the opiiiion of the Irust¢¢s the debt is not considered to be fully recoyerable. The provision reflected at the balance sheet date is £nil12021'. £nil). 19 Maiicliestei. Jewi$li Museum Note5 to the Fil￿0￿ClaI Stateineii(5 (or the Year Elided 31 March 2022 Income frofft doiiatioiis aiid legacies Unrestricted fuiid Totxl Tvtal Gcneral Restricted ruJ]d5 2022 2021 Donalion5 ajid legacies Gift aid rL'Llaiined Ai'ls Council England Othei. governIi)enl grants Heritage Lottery Fund Other grants 17.498 111.334 128,832 4.114 156,023 76,117 21,467 64.479 451,032 618,289 2,183 112,024 51.000 1,961.167 19,505 2,764,168 156.023 76,117 21,467 64,479 197,280 253.752 Inconie from charilAble activities Uiii'estricted funds Ceneral Total Total 2021 2022 Admission & Events incoine 63,538 432 liicome froni other tradinE activities Unrestricted runds General Restricted fund$ Tot81 Total 2021 2022 Sale of goods and sei'vices Membership subscriptions Other ijicoine from tt?ding activities 44,665 6,331 44,665 6,331 4,214 1,657 1,657 52,653 52,653 4,214 20 Manche5tL'r Jcwi.gh Museum Notes to the Financial Statements for the Year Endcd 31 March 2022 Investment income Uiirestrieted ruiids CLneral Total 2022 Total 2021 Rtstricted funds InteTe5t receivable 011 bank deposits 14 14 Other income Uni'e5ti'icted funds Total 2022 Total 2021 General Restricted luiid5 Contributioii to prograinming activities Coi'onavirus Job Retention Scheme Exhibitioii tax relief 5,000 5,000 5,000 6,827 15,380) 6,447 46.687 51,687 46,687 51,687 I xp¢nditure on raising funds a) Costs of generating don8tions aDd legaeies Unre5trictcd funds General Total 2022 Tolal 2021 Restricted funds Fundraising costs Mai'keting and publicity 930 930 3.530 4,043 54,732 58,775 26,644 30,174 4,973 54,732 59,705 b) C05tb of tradlng activities Unresti'icted runds Total 2022 Total 2021 General Restricted fuiid5 Costs of goods sold 28,475 28,475 21 MxnchLfltei' Jewish Museum Not¢5 to the Financial Stateinents lor the Year Ende(131 Mxrch 2022 liivestmenl mxnaeement costs Uniystricted fiitkds Restricted funds Total Total General 2022 2021 Finaiice cliai'g¢s'. Bank charges 2,250 8,674 10,924 345 Expeiiditure on charitable aetivities Unrestrieted flliids Ccner41 Tot21 Total Note Restricted fuiids 2022 2021 Developinent Project Aetiv2ty Costs Security 4,919 13.851 89,219 50,795 39,627 2,998 69.526 192,263 94,138 64,646 39.627 2,998 285,521 303.968 7,575 798,473 78,494 Staff costs Allocated support costs Governance costs 13 215,996 111,705 7,575 354,045 184,539 33,666 6,370 303,069 10 444,428 22 Manehcster Jewish MuseuiD Notc8 to the Financial Statemellts for the Year fiJnde(131 Marcli 2022 10 Analysis of govci'natice and supi)oi't eosls Support c05tS Allocated to cliaritable activitics Preinises costs ineludiiig depreciation Otlier support Costs Inforination teehnology Stair Administration C051s Total Total ¢05t5 2022 2021 General Developinent Project 21,847 4,620 17,322 67,153 763 111,705 32.874 183,862 592,263 792 8.400 21,847 13,021 17,322 251,015 763 303,968 33,666 The support Costs detailed above have been allocated on an invoice basis to the relevant activity. Staff costs have been allocated by lime spept. Govei'nanee costs Unrestricted funds Total Total General 2022 2021 Audit and Accountancy fees 6,575 6.575 6,575 6,575 6,370 6,370 Net (outgoing)lincoming resources Net incomingloutgoing resources for the year include-. 2022 2021 Depreciation Accountancy & Auditor's f¢c5 Finance charges payable Staff pension contribution 200,613 6,575 10,294 4,829 1,715 6,370 345 3,570 Audit & accountancy fees relate to an audit fee of £5,825 and VAT advisoiy sei'vices fee of £750 for the year. 12 Trustee5 remuneration and cxpenses related transactions During the year the charity made the following transactions with tlliStees'. Mr M W Dunb&r Mi. M W Dunbar received reinuneration for his I'ole as Chief Executive o￿lcer of £33,250 (2021.. £43,000) durii)g the year. 14e received no reinLineration For his IDle as a trustee. Mr G Redstotk Mi. G Redstoii ieceived retnuneration for his rol¢ of Intei'iin Chief Executive Offi¢¢r of £13,333 (2021.. £0) dui'ing the year. He received no IEinuneration for his role as a ti'iistee. 23 manche.ster Jewish mu.seum Notes to the Financial &itatements for tlie Year Ended 31 March 2022 12 Ti'ustees re￿￿￿eratIOn and cxpen5es and rel4teiJ ti'aiisactlon5 (Cont.) Theie are no donatioi)s froin lE]￿ted parties wliich are outside the noiinal course of busine55 piid no resticted donations frojn JrlaLed pailics No trustees have IEceived any itii?Ibursed expenses or any otlier benelits fi'oin tlie chai'ity during the yeai.. 13 Staff costs and kcy rnanaEemenl personnel Ihe aggiegale payi'oll costs were as follows.. 2022 2021 Staff costs during the yegr were: Wages and salaries Social sLcurity costs Pension costs 261.401 19,291 4.829 285,521 173,875 7,094 3.570 184,539 The It)onthly averdge number of persons (including senioi. Inaiiagemejit team) einployed by the charity during the yeai. expressed as full-tiine equivalents was as follows.. 2022 2021 Manageinent & administsation No employee received emoluments of Inore than £60,000 during the year. The key Inanageinent personnel air ¢onsideJEd to be tl)e Trustees, 1ilteriJM ChiefExeculive Officer and Cliief Executive Otricci.. The totsl einployee benefits of the key managejnent persoiinel of the chai'ity were £46,583 (2021 £43,000). The Chief exECUtive offic¢T, as the highest paid membei. of staff, received benefits totalling £33,250 {2021 £43,000). 14 T5LXatioii The charsty is a regi5tcred chai'ity aiid is ther¢fore exeinpl from laxalion on il's charitable activities. 24 Manchcster Jewi.$h Miiscum Notes to the Financial Statcincnts for the YLai' ri.nded 31 March 2022 IS Tangible fixed assets Land ajid buildings Furniture and equipment Asset under tonstruction Software Total C05t Ai l April 2021 Additions Transfers At 31 Mai'cli 2022 180,429 53.199 67,142 5,000 4,639.345 263.651 (4,902,996} 4,877,973 330,793 4,902.996 5,083,425 120,341 5,000 5,208,766 Depreci3tiort At l April 2021 Depn Chai'ge in Year At 31 Mai¢h 2022 180,429 183,862 364.291 51,157 16.251 500 232,087 200,613 432,700 500 67,408 1,000 Net book value At 31 March 2021 2,042 4,500 4,000 4,639,345 4,645,886 4.776,007 At 31 Mai'ch 2022 4,719.133 52,933 A floating charge is held ovei. land and buildings with MCC as security for the £290,000 loan 16 Finished Good5 2022 2021 Stocks 3,556 90 17 Debtors 2022 2021 Trade debtors VAT recovei'able Other debtors & pr¢payment5 52,650 4,238 43,661 100,549 138,483 208.034 1,154 347,671 18 Creditoi's.. amollnts falling due within onc year 2022 2021 Trade creditoi's 13,066 4.260 290,000 223,053 4,967 2YO,000 1,000 93,607 12,790 400,933 531.810 Manchester Jewish Miiseuin has a £290,000 loan. 'nie loan Wdlue is £290,000 and con)In¥nced on 3151 Maich 2021. Tlie final repayment date is 31, Mairh 2023. The inLeiEst l'ate is 2.7Vo + the EC Reference Ratc which is a variable rate. Othei. taxation and sooial &ecui'ity Loaii fvoill Manchester City Council Other ci"editors Accruals 25 Manchester Jewish Mu8¢uin Notes to the Financial &itatements foi. the Year Ei nded 31 March 2022 19 Oblig2tion5 under leH5es and hire pui'chase conti.￿rIS Opci'Atiiig lease comniitments Total fll(ure miniinuin lease p&yinenls uiidei. non-cancellable opejating leases aiE as follows.. 2022 2021 Other Within one year Between one and five years 5,527 6,930 12,457 5,164 11,712 16,876 20 Funds Ba13nee at I April 2021 Incoming resoiii'ces Resoui'ces expended Balance at 31 M#rch 2022 Transfers Unrestrictcd funds Ajts Council England General 156,023 213,933 {156,023) (233,720) 149,916 130,129 Re8tricted funds Hl.F Developinent IWM Manchester Intei'national Festival Security Total i'e5trieted funds 4,887.894 179,488 39,153 (451.118} (7,089) 4,616.264 32.064 5,000 5,000 {10,000) 25,326 (39,627) (14,301) 4,892,894 248.966 (507,8341 4,634,026 Endowment fund5 peiiclable Endnwineiit Total fiiiids 5,042,810 618.923 (897,578} 4,764,155 Manchestei. Jewish Museuin secui'ity costs are covered by a giant IEceived by CST. At the end of the financial year these costs had only bery? pai'lly funded. 26 Manchcster Jewish Muscum Notcs to the fiinancial Statement,5 for the Year ri.nded 31 March 2022 BalaiieL' at l Api'll 2020 Balance al 31 Mxrch 2021 Incoming re50urecs Resources expended Traiisfei's Uni'cstrieted funijs Arts Coiincil England G¢nei'al 112,024 76,812 (112,024) (50.143) 119.747 3,500 149.916 Restricted funds HLf Development 2,476,729 2,581,311 (170,146) 4,887,894 IWM 1,000 {I,000) ManchesteT City Council 275 (2751 Manchester Iiiternational Festival 5,000 5,000 Total restricted funds 2.476,729 2,587,586 (171,421) 4.892,894 I ndowmeiit (unds Fxpe1id￿bl l..ndowment 3,500 3,500 (3,500) (3,5001 Total funds 2,599,976 2,776.422 (333.588) 5,042.810 Restricted fund5 The specific pui'poses for which the funds are to be applied are as follows.. Security Tliis fund was for the provision of protective security measures. Hcritage Lottcry Fund Development Project The balance of the fund at the year end is £4,616,264. This fund i5 for the Inuseum developinent pix)je¢t. Manchester Clty Council This is foi. fi]iidirtg to iinprove dala manageinent Systems. Manchester InterTratlonAI Festival ITris i5 a conti'ibution to the co-coinmis5ion of Lavre Provoiist's installation in the Ladies Gallery. linpti'ial War Museum Gi'ant has been IE¢cived for a sp¢cific project iiicluding salary cost5 For a Digital InteTns1iip 27 Manehester Jewish Museum Notes to thc Financial Statements for the Year Ended 31 March 2022 21 Analysis of net assets between lund5 Unrestricted fuiid5 Geiiei'al Endowment runds Perinanent Restricted fuiids Total fund5 Tangiblc fixed assets 8.373 223.614 {101,859} 130,129 4,767,693 165,407 (299,074) 4.634,026 4,776,067 389,021 (400,933) 4.764,155 Cui'renl liabilitie5 Tolal nel assets 22 Alla)Iysi5 of changes in net debt At l April 2021 Cash Floiv At 31 March 2022 Cash 580,973 (290,000) 290,973 (296,056} 284.917 (290,0001 MCC L.oa 296 056 28