Coinpaiiy i'egi5ttttion Iiumber.. 08370403 Chai'ity regigtralion niiniber.. 1154353 Manchester Jewish Museum IA ¢ompaTry liniited by guarantee) Annual Repoi't and Finaiicial Statements for the Year Ended 31 March 2023 Maiichester Jewis11 Museum Conteutl> RefeiEnce aiid Administration Dctails Ti'iistees, Report ai)d Siat¢menl of Responsibility Rndepei)deni Aiiditoi s Repoi'l Statemeiil of Fiiidllcial A¢tivilies 12-13 Balance Sli¢et 14 Statsineiit of Cash Flows 15 Notes to the Financial Stateinents 16-28 Manchester Jewish Museum RefereDee and Administration Details Chsii'mlln Mr R H Chapillaii ICC Cliief Executive Officei. Mr G L Redstoi) Trustee5 Mi's C V Bii'cliall Mi. D Jaff& ￿￿'S H Jenkiiis Mi. P M Shapiro Mi. G L Redston Executlve Maiiagenieiit Mr G L Redston, Chief ExeEUtive oificer Principal Officc 190 Cheethain Hill Road Maiiclieste]' M8 8LW The chai'ity is incorpoi?ted in Eng[￿Id & Wales. CompAiiy Registi'ation Number 08370403 chai.lly Registi'atlon Nunib¢i' 1154353 External Auditor Beevei. and Strutliei's One Express l George Leigh Stt'ee( Mancliestei. M4 5DL Prlneipal Banlcers Santandei. UK plc Bootle Meiseyside L30 4GB Solicltors Robin Burinan 446 Bai'low Moor Road Chorlton Mancliestei. M21 OBQ Mallchester Jewish Museum Trustee s Repoi't The trustees, who al'e diieotoi's foi. the purpt)ses of coinpai)y law, PlEsent tl)e aniiual IEpoi't togBthei' wEth the financial slateiiieiits of tlie cl)ai'itable coinpany foi. the year ellded 31 March 2023. sti'uctut'e? govet'nante management uliire ofgoijei'iiiiig iluciiiiieiil The lull iiaine of tlie Charity Es Manchester Jewisli Museyin. Tl)e Cliarity is govemed by tli¢ Boai'd of Ti'ustees and Inaiiaged by tlie iniiscuin's CEO. I'he CEO Icads a teaiii ¢oinp¥ising'. Finaiice Managei., fvogr￿nmeS Maiiagei., Creative Pi'oducEI' (x 21, Curatoi., Mai'keting & CoTllli)unications Maiiagyei., Café and Ret8il Opei'ations Managei., Café Teain Leadeis (x 21 ai)d Safety aiid Secuj'ity Siaff (k21. Tl)e Iiius¢uiM d150 has ovei. 50 volunte￿'s. Tlie Ti'ustees who have acted dui'ing the year are llsted on 11age l. The Chai'ity's ass6ts are available and adeqiiale to fulfil the obligations oftlie Ch81'ity. Recriiiliiiciil niitl Npptsiiifiiieiil olli'iisiees Tiwstees air appolnted by invitation froin the existing li'uslees &nd by Inajority Yote of tl)e Trllstees of the Cliarity. Arraiigeiiieiiisfur selliiig kejy iiirtiiftgeiiieiilpÉrsoiiiielreiiiiiiieriilioii The trustees, incliiding the CEO, eompri8e thc key Inanagcinent pei'soi)nel of the charity who oVe￿¢e dii'ecting and coi1ts'c)IltiJg, running and operating the Chai'ity a day-to-day basis. The pay of the CEO is reviewed annually by tl)e Triistees. Oi£yoiil.$ttlloiirtlJlriicliire Trustees Ineet quartei'ly at which tiine the Inuseuiii Chief Ex¢cutive, who is appoiiited by thein and 15 IEsponsible for the day to day iuiining of the inuscuiii, I'eports on all Inattei's of iniistiiiii policy and strategy. Tn]stees are inforined of strategies io increasc divei'sify audiences. These iiieetings al&u lllLlude the presentgttioii of Inanageiment accounts and cash llow by tl)e miiseuni's Ti'easiii'er. Any changes iii strategy ale discussed, aiii¢nd¢d aiid wl)en agi'eed, adopted as written inuseuJD policy by 1rn5tees aud Impl￿nEnted by the CEO. Wicic I'isks are identified particulai.ly IEgaii1ing fundiiig, steps are take]] as desci'ibed below (see Risk In&nagcinent), incltiding refereiice to htsw tlie inus¥uni hss iiiet its aims tl)e advanceiiient of leamiiig, citizensliip, heritage, arts and ciiltui'e. Since openiiiE iii 1984, the iniiseuin has been l)ou5ed in a fonner Spaiiish and Poituguese Syiiagogue, dating baek to 1874, Inaking it the oldest surviving synagogue buildiiig in Manchestei.. It is iiow a Gl'ade Il* listed building, Work started a iiiajor capital proj¢¢t in 2019 and was ¢ompleted in April 2021. Tlie iMiisBuill's synagogue building was repaiird and refui"bished, and a InLtjor new extension biiiltto accoinLiiodate a new galleiy, cafe, i'etail aiid visitoi. centi'e. Risk Miiiingejjieiil 'Fhe museum CEO is charged with notifying Ir115tees of any risks facing the i￿￿sEllin and of iinpoi'tant in¢oine and expei)ditttr6 tt]attei's iiicluding.. Possible futui'e deficits to iiiaiii ieveiiiie grants particularly fi'om coit fiindet's. Capital pinjects. Any fuiidraising siiccesse8 and tl)e project involved. Any majoi. cl)ai)ges to museum fuiiding structure, assessing botli the negative aiid positive effects of tliese ¢haiiges on the organisatioii. A detailed Risk tiegisler 15 ieviewed by all Tiustees at eacli Board Ineetirtg. Ally high risks ai'e dI￿uSSed, and any appropi'iate actioii taken to Initigate tliese i'isks. The Ti'ustees awaie of staff strEiclllYe aiid I'esponsibilities and al'e notified of staff chaiige5. All staff are paid at Local Goveimmeiit lates and nationally agreed conditions of 8ei'vi¢e apply. All staff aiid volunteers ale DBS Manchester Jewish Museum Trustee'5 Report Rl.Fk MlliJii¥eiNeiil (cviillitiieil) cliecked Mi)d paiticipate in relevaiit ti'ainiiig pl.0￿.an￿]Ies. Ohjeclives ftiirfAclivifits Tile pi'incipal activity of thc Chai'ity and Coi)Ipany is ihat of'a IDiiscuni. The Triistees l)ave paid due regard to Ihe Charity Coininissioii'5 guidai)ce on publsc benefit &iid the followijig paragraphs desci'ibe tlie activities undei'lakeji to deliver piiblic bcnefit, To 8dv4nce eduealion for the piibllc benelit by in#itaEiii2 aiid m&intainiiig # mllseutn colleet5on and liisloric syiiagogue and by bringing togyetliei. people of all ages, faiths and b2cligi'DilI?ds to sliat't stories of Jewish Maiieliesler and otlier faiths in order to pi'omote tolLI'anee and a eultua'ally diveyse socÉety foy the benefit ol tlie public. Thebe aims Continue to foiin the basis for all Inuseiini policy and al'e available for the widest iilljnber of audiences. Having opened oui. new iiiuseuin in Jiily 2021, 2022-23 repi"esei)ted the fiTSt fvll yeai. of opei'ations in oui. iiewly expanded and Tenovated lion)e. We colltilltied to delivci. an innovative and thought-pi'ovokiiig pi'ogramnie of eveiits 4nd activities aiimed al bi'inging togeth￿. our foul- key tai'gct audiences.. Diverse local residents of CheettLain and Ciiiiiipsall Diverse Jewish audiences Schools and adult leai'i)iiig gt'tsups Culturally engdbIed audiences Soine pi'ograinii)ing liighlights from the yeai. include.. Over 5000 yoiing people took pal't ii) our learniiig progi'ainincs. These iininei'sivc and entci'laiiiing sessions Iielp pgrtlGipants to bettei. Und￿stand Jewisli faith and culture and have b6¢n very wcll r¢ccived by both staff and pupils. Over 1000 people attended oiii Synagogiie NiEhis' peifoim8nces. Highliglits of the two seasons included iUUSiGal perfDrinanees, fihn screenlligs and theati'e pi¢ces. Many of these events were co- pi'oduced in pai'tnei%hip with oui. coillinuiiities building 01) oui. cominitsnent to giving inuseuin audiences moir involveinent iii shaping our woi'k. Oui. participatoiy giDUPS have reinained popu131' and coIitiiiue to cyolve as we gain a bettei. unde1'sta￿dll1g of the kinds of activities our div¢i'se aildiejices would like to take pai't iii togcthcr. Tliis yeai we l)ave Inoved towai.ds a Co-hosting modEI whereby p8lticipants take turns choosiiig the ¢oTrtellt and facilitatlDg the sessi0115. This yeai., paylicipatoi'y groups meeting regulai'ly iiicluded 'foodie Gi'oup,, 'Jewish Culture Cliib,, 'Songwriting Gi'oup, and 'Crafting Cliib,. The scope and content of these gi'oiipy ig regiilarly IEviewed and disciis5ed with ciirrent and prospective pRrticipants and will coiltinue to evolv¢ in the coining yeai's. We continued to ￿0W oui. Ms Meinbei'ship S¢lieine, wliicli pi'ovides fire entt'y to local iEsidents. We elided the y¢ai' with 106 a¢tiYe ineinbers- iiioi'e tlian double the figut'e at the beginning of the year. WE laiiiiched a nEW offei. for booked adiilt leai'ning gi'giips. Tiiis new offer is mOi'E i￿￿11¢1￿1Ve aiid gives pai'licipants a clioice of activities to take pait u) durii)g tlieir visit. Oui. ICoshEr-5tyle vegetai'iat) café has continued to evolve and l)as become an iinpoi'lant Inethod for onnecting oui. diverse aiidiences witli Jewisl) food cultuie and sharing stories fi'oin oiii. collectioii in new and unusiial ways. In total, 17 new dishe5 {and tILree ¢ocktailsl) were sciatcl)ed includiiig dishes designed to coinpliiiienl tlie tlietnes of shows in oui. Synagogiie Niglits seasons and a uniqiie vegetkti'ian Manchester Jewish Mllseu Trustee's Report Ob}ecliv£.Y uiiilAellwllle.* (etsiiliiiuertj twist on tlie traditional Jewisl) chicken soup, which is sei'ved as a special oi) fridays and ,£aturdays to iiai'k the sabbath. We liave continued to pi'ovid¢ valuable supi)oi't to local ESOL adiilt leai'iiei's. LEai'Jiei's hav¢ beet] takiIig pait ill a sei'ies of activities arouiid food aiid Iiave been exploi'iiig theii. (Iwn 8toi'Ées of inigi'ation and how they IrlatE to Ilic Jewish stoi'ies in our collecttoi). It is hopcd tligt with Ihe suppoi'l of niuseiitn staff and existiiig inuseuin voliinteei's, SOJ116 of these ESOL leari)ei's will take pai't in a project iiexl yeai. whei'e tl)ey tt'ansilioii into a #ew 'Coininunity Voluiileer, role at tl)e niuseuin. Building an tl)e success of last yeai s pilot, oiii. CIEa(ive Activists pi"oject was hugely success￿[ again. Deliv6ird iji pai.liiei3liip with Impei'ial Wai. MusELllllS, this project suppojted a gix>up of yOElt]g people aged 18-25 lo iiii¢over lessei'_kuown stoi'ies of the liolocaiist and WWII, connecting th¢in to their own lived expei-ieuc¢s and those fOu￿d in the inuseuni's collectioii. Siippoi'ted by lead ai'list Becky Pi'estwich, the youiig people created #rtistic responses wliicl) foi'ined the basis of tlie inusctttn's Holocaust Memoi'ial Day activilies. Ainoiigst the responses cl'eated by the yo1￿g people was an exlitbilion, a zine aiid a Iheatir pei'forinance wrillen by the young people and perfonned by pi'ofcssii)nal actoi¥ re¢ruit¢d by tliein, Betweeii April 2022 and March 2023, the Inuseuin ac¢essioned 475 new iteims iiito the niuseuin collection froi a total of 57 donations aiid nine coinimissioned oral Iiistoi'ie5. ffiere al'e a iiuinbei, of higliliglits froin (hesc llew a¢cessions'. Soine excitlng new itejns foi. researchers al'e tlie diaries of David Isaacs. David wrote diaries between 1888 aiid 1922 whicli iiot only tt'ack significant historical events, but also reveal InLi¢h about Jewish Manche%tei' life. Within the textile sectioji we a¢¢essioned the wedding dres5 of Jeiii)y De Yoiig fi￿Ill hci. IT)3iYiage to wi'itei. HowaI'd Jacobsoji in 2005. This completed the set of thi'ee geiierations of onc fainily's wcdding di'esses- we accessioned Jenny's mothei's aiid grandinotlieiE di'esse5 ilie year before. Witliiii the photogixphic collertions, we acquired a I'emarkable photogi'apli albuin coinpiled by Mariaiinc Prager who Ixn 8 I'efvgee hostel in Stockport for a group of young boys WtLO aiyived on the Kindei'tt'ansport. We liaye acLessioned a niiinber of very personal iteins this year, suel) as lettei's excliaiiged between two sweethe&ils SallEuel Cohen and Rachel Caplan durii)g the First World Wai. and a sei'ie5 of Teconas whicli contain the SPEeclie5 fro1￿ the Silvei. Wedd￿g PaTty of Laurei)ce ènd Lily Mai'ks in October 1950. The oldest docuineni we 114Y¢ a¢qiiired is a lease agreeinent fi'oin 1868 whicli I'elates to a plot of laud which was used for tli6 biiildiiig of Mai)cl)estei' Jews Scliool in Derby Stt'eet. The mtsseuin has conducted a nuinber of¢onteii)PD¥8iy oral history intei'view5 tliis yeai.. most of which ¢on¢ei'n tlie closuie of Jackson's Row Syiiagogue in Novembei. 2022. Ovei. the yeai. we have a¢cessioi)ed a nuinbei. of laiEe per5011al archives, Iiamely the papeTS aiid peE%oiial etTecls of Heinricli Glucksinaiii), a I'efugee 011 thc infainous'voyage ot tl)e dainiied,, the work diai'ies OF COII)IiiLJnal woj'kei. Mai'garet Lai)gdoi) who foui)ded Delaiiiei'e Jewish Fl'esh Ali. Honie and School in 920, holocaust sui'vivoi. Mayei. Hei'sli and a lai'ge archive of Inatei'ial I'elaled to Elleii I-larbui'n, one of Britaii)'s fll'5t feinalc police officei's. In total, we eiigaged with 15,812 people this yeai.. Our I'obust evaluation fi'aittework provides us with a range of qiTalilalive and qiiantitative data and enables us to nioiiitor the impact and s(Iccess of our work. Soii)e liighlights of this evaluation include.. Manchester Jewish Museum TrM$tee's Repoi't ObJe¢ilvets uiidAclivfflies (toiilliiiieil) General satisfaction SCOTes Teinain V¢Ly liigh, with 'Gtneral Adinission, Yisitoi's awai'ding a score of 96.1 oiit of l 00 aiid 'P¥ent%' visitoi's 92.5 oiit of IUO. Our NPS Scoi"e {a measuiE of liow likely soincoiie is to recoininerjd a visit to SOtnebDdy else) ieinaijis extrEinely high at 85.4 (Incre￿ed fix)in 71.7 last y¢ai'). 460/Tr of visitor5 wei'e joiniiig us foi. the fivst time, 25 /u had visited within 12 inontlis aiid 290/0 had previously visited us at soine point over oiie year ago. 28U/g of out Vi51toi's identify as Jeivish either Cul￿rally, ethiiically oi. religiously. This is a significant iiicrease froit) figures IEcorded before the developnieiit octhe new museiim and is I'eassiiring given our coininitinent to becoiiling Inoi'e relevant and useful to dive15e Jewssh coininunities. B￿lIdin￿ on tlie success of ptEViOUS SROI ewaliiation, wt continiie to measui'e the iillpacl of a visit OLI oui. audietkces. In each area w¢ ineasiii'e, visito1% Irpoited an increase as a iesult of taking pail in oui. woi'k. They also atts'ibuted that ¢haiige directly to tlieiy visit and estiinated Ihat tlie change they experiellced would last oil avei'age 'inore than two yeai's. Alt)iigside tlie data sllminai'ised above, oui. evaluation fr91newoi'k provides our audiences with an opportuiiity tn tcll us more abolit theii. experiences. Soine exai)Iples of this feedback uiclude.. "Tt was as if I visited a fainily thal I knew existed but iiever visited befoi'e. B¢st place I brought my gi'andson to so far, l)e loved it, felt welcoine and hopefully le#iiit a bit about Jewisli heTil&ge (he's 18 iollths old)., "I felt better ui)dei'standillg of Iny new conJiiiinity" 'Peelllig tl)at the coiiiniunity was accessible, wl)ich I haven't always felt btfi)i'e. Learning more abLlUt tlie I'ole the Jewish coinniiillity has played, and still plays, in Manchester life." '1 loved being able Io 80 into the synagogue and see whal it ti'aditionally looks like, a5 a iion-Jewish person I wouldn't be able to have that experiellce without the inuseuin. 'Il allowed Int to have a Iiiuch deepei. undErstanding of Ilie liistory of Jewish Mai)chestei' and invited me to eiigage wEth the histoiy at my owii speed. Loved the vai'iety of voices fi'oin the Jewish coinmunity and all the inleractivitie5. '1 biDught iny 14-year-old dauglilei. to visit thE Iniiseuin (and paiticularly the Synagogue) lo give Iier soine exposure to oui. fatnily's Teligious backgiDiind and so she coiild learn and expei'ience what it was like being Jewish wl)ile we were on holiday in SoLlthport. I grew lip Jewi$li iii Toronto, Canada and she lias gTOWI) UP Witl) ii)e teacliing liei. what I can fiDm Iny upbi'ingiiig as she was boi'n in Scotland ai?d hasn't l)ad any outside exposui'e to ourJcwish hei'itage, I wanted hei. to feel wl)8l it was like to visit a synagogue. I foujid the Inuseiim a quite einotioTral experience and Iny dauglite]' says sl)e did too. Thei'e is iiothiiig like the i)iuseiiiM wliere we live. "The n)atei'ial, display and infoi'iiiatioll was f85cinatii)g but the best thing was the people woi'lRS 102) (effective l January 2019)- (Chai'ities SORP (FRS 102)), the Financial Ret)orliIig Stalldard applicable in the UIC and Repiiblic of IrelaT]d (FRS 102) and the Coinpanies Act 2006. Man¢lie%t¢r Jewish MLiseuin Ineels tlie definition of a public bsnefjt entsty undei. FRS 102. Assets and li?bilities al'e initially reco8nised at liisloi'ical Cost oi. IransEJCtion value unless othei'wise stated li) the i'elevattt accouiitiiig policy not6S. The financial stateinents are presented in sterling and are I'ounded to the nearest pouiid. Preparation of Aecount5 on a going concern bA$ls The trustees con5idei' that Ihei'e aie llo ￿aterIal uncei.12intie$ about the charity's ability to coiilinue as a going concei'n iior any si8nificaiit areas of ullcertainty that affect the cai'jying value of asset5 held by the charity. Ineome from ehai'itable actSVities All inco￿lIe is recognisLd otice the charity has entitleinent to tlie income, it is probable that the incoine will be received, aTrd tlie amouiit of tlie incoine receivable can be Ineasui'ed teliably. DoiiulioiES ftiill legftel Doiiatioi)s ai'e iEcognised when the cl)ai'ity ha5 bE6n nottfied in writing of both the amount and settleinciit date. In the event that a don)tioii is subject to coiidition5 tliat require a level of perforn)ance by tlie cliai'ity before the Ghérity is eÉJtitled to the Funds, the incoine is deftl'l'td and not recognised iintil either those conditions al'e fully Inel, or the Irilmeilt uf those coiiditions is wholly within the conti'ol of tlie charity, and it is pibbable tliat tl)ese ¢otiditlDns will be fulfilled in tiie I'¢poitii)g p¢riod, Gi'iiii15 rcceivuble xnts ait iecognised wlien tlie cliai'ity has an entitleinenl to the funds and any coi)ditiD]15 linked to the gi'ants l)ave been Inet. Where peiformance coiiditions are attached to tlie grant aiid al'e yet to be ii)6t, the iiicomc is Ir¢ogTrnised as a liability and iiicluded oji Ilie balaii¢e slieei &s deferi'ed in¢oine lo be ieleased. 16 Maiichester Jewish Museum Notes to the Financial Statements for the Yeai. li nded 31 March 2023 ljivuiiiieiil iiieoiiie Interest is iiicluded wlieii i'eceivable and the ainount can be Ineasui'ed reliably by tl)e chai'ity. thi5 is nortnally iiPDn notificatiaii of tlie iatej'est paid or payable by tl)e Bai)k. I xpemditure All expeijditui'e is Ircogiiised once tliei'e is a legal oi. coiisti'uctive obligation to that exi?enditui'e, il is pix>bablE settleiiieiit ig I'EqUli'ed and th6 ainoL111t can be Iiieasured I'eliably. All costs ale allocated to tlie applicable expetlditui'e headiiig tlioqe aggTegate S￿i￿lIaj, costs to tliat category. Wbere costs cai]not be diie¢lly atli'ibuled lo licadEngs, they have been allocated on a basis coi)sislent witb the llse of resources, witl) centi'al staff costs allocated based on tiine spent, and dtpreciation chaKges allocated on the poition ot the agsel's use. Othei. siippoi't costs are allocated based on the sprvdd of staff cost5. Rfti51iigfiiii(Is These are costs incui'red in attt'acling voluiilary sncoiiie, the manageinent of inveslineiits and those in¢uii'ed in trading activities tliat raise fijnds. ClJorllobl£ ncilvllles Charitablc cxpci)diture coinprises those costs incui'i'Ed by the charity in the dcliveiy of its activities ai)d services foi. its bencficiaries. It includes both costs that can be allocated dllectly lo sucli activities and those costs of ai) indirect natuiE iie¢essaiy to support thein. Siipporl cosls Suppoit Costs uiclude centt'al ft]i)ctions alld have been allocated lo acliyity cost categories & basis consistent with the use of Irsn￿rC￿￿, for cxample, allocating propety costs by flooi- ai'eas, or per eapita, staff costs by the time spent and othei. costs by th¢u' usagc. Goiierpithiice costs These incliide the costs ath'ibiilable to the chai'ily'5 coinpliaiice witli coiistitlltEonal and statutory Itquii'einents, including udit, strategic Inaiiagejiieul aE]d truslee5' iiie#llligS and reiLiibui'sed expeiises. Taxation The cha¥ity is coiisideird to pass the tests set OUÉ in Paragraph I Scliedule 6 of tl)e Finaiicc Act 2010 3Trd therefoi'e it Ineels the dEfinitiot) of a charitable con)pany foi. UK coi"poi"aLioi) tax pui'poses. Accoi'dingly, Ilie cliarity is potentially exeinpt fi'oni taxation in I'esp¢ct of incoi)ie oi. capital gains irceived within categories covei'ed by Chaptti. 3 Part I l of tlie Coi'poration Tax Act 2010 01. Section 256 of tlie T￿atIO1) of Chargeable Gains Act 1992. to the exleE]t tliat such iiiconie oi. gains al'e applied exclusively to chai'itsble puiposes. Taiigible fjxed as5e15 Iiidividual fixed assets costing £1,000 or inoi'6 al'e initially recorded at cost less any a¢cuinulated depiEciation and iinpainnent losses. Assets al'e ¢apit&lised when it is probable tl)at future ecoiioiiiic benefits associated with Ilie itein will flow Lo tl)e entity aiid costs Cali be ineasuJEd JEliBbly. Debtoi's Tixde and other debtoi3 are I'ecognised at tl)e settleiiient &inount due after aiiy ts?de discount offei'ed. Prepayiiiellts al'e valtied al the ainoiint pi'epaid iiet of any trade discounts due. 17 Manchester Jewish Museuj Notes to the Financial StAtements for the Year nded 31 Mareh 2023 CredÈtnrs Ci'ediloi'8 aie recognised wheir tlie ¢haritablE coinpany has a present obligation Irsiiltiiig fi'oin a past eveiit that will probably iesult in ihe ti'ansfer of fiii)ds to a thi4'd pai'ty and the ainoui)t due can be itteasujrd or esliin&ted reliably. Ci'editors aie nonnally i'ecagiiised at Iheii. sEttleineiit ajnount aftei. allowing for any Ii'ade di5COUIlts due. Cash ot Ban1( and in haiid Cash at bank aiid casl) it) hand Trncliides cash and shoi't tei'm highly liqiiid investments with a shoi't Inatiii'5ty of thi'ee Inoiiths or less from the date of kcqiiisition or opeiiing of the deposit or similai- accouiits. Operating Leysc Agi'eement Operating leases al'e 16Bs6s which ihe tille to the assets and the i'isks and i'ewards of ownership itniain witl) the lessoi.. Rental eharEes al'e Gharged oji a sliaight-line basis ovei. the t¢nn of the lease. Depreeigttlon Depjrciation is provided oli taiigible fixcd Etsscts so as to wi'ite off tlie ¢ost or valuatioi), less any estimated i'esidudl vallle, ovei. theii. expected useful econoinic life as follows.. A55et cla55 Depreciatioll inetbod and rate 5 /0 Sti'aight lii)e 33 /0 stt'aight line l 0/0 sts'aight line al'e not depreciated uiilil biDught into use Freehold land and buildings FixtUTes, fittijigs and equipinent SoftwaJE Assets linder construction Stoelc Stock is valued al the lower olcostand estiinaled s¢llingprice less costs to ¢otnpl¢te ai)d sell, afttr due irgai'd f(H'obsolete and slow-lnoving stocks. Donatrd itenis of stock al'e I'e¢ognised at fair value, which is the amoiiiit the Ghd'ity would have been willing to pay for the iteins oil the open mai'ket. Fund striiclure Urll'estt'icted incoine fi]nds &iY Eeiiei'81 fi]nds that al'e available for use at the ttwstee's discretion in fLlrtliernnce of the objectives of the chai'ity. Such funds inay be held w order to fmai)ce both woi'kiiig capital and capital iiivesbnent. Rests'icted ijicoine funds are those donated for use in a pailiculay ai'ea or foi. specific purposes, the use of whicli is i'estricted to Iliat arta oi. piirpose. Financial instrumeijts Clffs,Tlficailoii Fiiiaiicial assets and fitiai)¢ial liabilities al'e recognised when the chai'ity becoines a paity to tlie ¢onlLlCtiial piDvisioiis of the iiistrE]iiient. Fiiiaiicial liabilities and equity irtsti'llm6nts al'e classified accoi'ding to the SiLbslance of the contractual arJangemen15 eiitered into. Ali eqLiity insth'uinent is any contract that evidencrs a r¢5idual interest in the assets of tlie charity aftei. deducting all 115 liabilities. 18 Manchester Jewish Museum Note5 to the Financial Statements for the Year Ei nded 31 March 2023 Judgemeiil¥ aiid Key Source5 of Ei stiEnatiun u￿Ce1.t￿i1l(Y The pi'epai?tion of tlie fiiiaiicial slateniei)ts requii'e5 niaiiauenient to Inake jiidgeineiils, esliinates aijd assuinptioiis that affect the ainouiits I'epoi'ted. These estiiiiates ai)d jud8nieJits ar6 coiitiniially I'6viewed dnd based oli expei'ience aiid other raetoi's., including expectati0118 of fuhtre eveiits that al'e bElievEd to be i.Easo￿able uiideL' tlie cii'cuiiistsi)ces. Sigitlflcrtiil Jiiclgeiiieiils The judgeinenls (apart froin those involving estiinalions) that ii)anagetneiit l)as made iii the pi'oce55 of applying the Cliarity's accouiiting policies and that have the Inost significant cffect oi) Ilie ainounts i'ecognised in the flnancial stateniEnts are.. Deteyinination of wliether their are indicators of iinpaii'inent of tlie Cliayity's laiigible fIxed assets. Factors taken into considei'8tion include the econoinic viability aiid expected futui'e finaiicial pei'forinai)ce of the asset Detennuiation of the Tccovei'ability of h'ade d6btors. A 5p¢cific piY)vision is Inade against debts wl)ere li) the opinion of the tl"LlStees the debi is not considered tck be fully ircoverable KeJ7 Soiire¢s of £$lliiirtlloii Uiieerfdiiily The judgeikneiit$ (apart fi￿M tl)ose involviiw estiinationsl tliat maiiageinent has inade i]1 the process of applyllig the Charity's ac¢ountiiig polieies and that have the Inost significant effect the aiiiounts ￿Co￿niSed iti the flli8llGial stateinents are.. Accountiilg estiinates and asSWiiPtions' air Inade concerning the fiitui'e and. by tlieii. iiatUTe, will i'aiely equal the i'elated actual outcome. The key assuinptions and othei. soui'ces of EStTrmatiot2 uncertainty that have a SiEnifi¢ai)t I'isk of causii)g a Inaterial adjustsnent to Ilie cai'iying aniounts Df assets aiid liabiliti¢s wiihiii the iiext financial year are as follows.. Tangible fixed assets air depirciated ovei. the￿ Liseful lives taking into account IEsidual values, whel'e appropi'iate. The actual lives of the assets and residual values air assessed annually aiid may vary dep611dlllE On nuinbei. of factOKS. R¢sidisal value assessinent5 consid61' i55ues Such as future 1nark¢t conditions, the remaining life of the asset aiid projected disposal values. The can'ying ainount of such assets 19 £4,507,213 {2022'. £4,776,067). Recoveiy of h'ade debtoi's. A 5p¢rific pi'ovision is made against cei'tain debts wheir in the opinion oftlic ti'ustees the debt is not considei'ed to be fi]Ily itcovei'able. Tlie provision reflected at the balance sheet date is £lOOO (2022.. £nil). 19 Maneliester Jewish Museu Iyotes to the FRnancial SIHtements for the Year Ei nded 31 Mai'ch 2023 Iiicome from donations #lid legacies Unrestricted fuELds Total Tola General Restricted fiinds 2023 2022 T)onations and legacics Gift aid reclallned 59,995 2,514 112,024 51,300 750 60,745 2,514 112,024 51,300 153,230 148,311 528,124 128,832 4,114 156,023 76,117 21,467 64,479 451,032 Ai'ts Council r,ngland Governin¢iit gTants Heritage Lottery Fulld Othei. gi'ants 153,230 57,051 211,031 91,260 317,093 Iiicome fi'om charitable activitics Uni-esti'icled funds Total Tot91 Ceneral 2023 2022 Adinis5ion & Evei)Is incoine 65,553 65.553 63,538 Income from ulh¢r Iradlng activities Una'tsti'icted funds Rcsti'ieted runds Total Total 2022 Gcllei'al 2Q23 Sale ofgoods and services 40,316 3,783 40,316 44,665 Meinbei'ship subscriptions Othej. iiicoille fi'oiii othei. 3,783 6,331 4,167 4.167 1,657 48,266 48,266 20 Manchester Jewish Museum Notes to the Financial Stateinents for the Year Ended 31 March 2023 IEive5tment Income Uiii'estrieted funils Tutal Total General Restricted funds 2023 2022 Ii)tei'est receivable on baiik deposits 209 209 14 Other income u￿re￿Il.1etCd funds Total Total Geiieral Resti'lcted runds 2023 2022 Conkn'ibution to programii)ing activities Exliibitioi) tax relief 5,000 46,687 51,687 Expenditure on i'aisin¥ funds a) Costs of genei'8tiiig doNAtÈoiis And legaeies Unre5trict¢d fut]ds Total Total General Restricted funds 2023 2022 Fundyaising costs Mai'keting and publicity 120 120 930 4,963 5,083 1,500 1,500 6,463 6,583 58,775 59,705 b) C05tS Df tradiiig activities Unrestricted runds Total Totgl Gener&1 Rcstt'icted funds 2023 2022 Costs of goods sold 23.866 28,475 21 Manchester Jewish Museum Notes to the Finaneial Statcments for the Year Ended 31 March 2023 Iiivestnient mAnag¢m¢iit costs Uiii'estrieled fuiids Geiier*l Total Resti'leted runds 2023 2022 rinance cliai'ges.. Bank charges 2,271 8.235 10,506 345 Expenditure ork thaj'itable aelÉvities Unrestrletcd funds Ceiieral Tntal Total Note Re5trieled fuiids 2023 2022 Developmeiit Project Activity co&ls SeGurity IWM 5,aOO 87 5,000 17.145 54,005 14,884 628 94,138 64,646 39,627 2,99S 17,058 54,005 14,884 628 Oslo Staff CL)Sts Allocated siipptsit costs Govei'nallce costs 278,974 19,655 298,629 285,521 io 125,911 259,448 385,359 303,968 10 6,305 1,000 429,248 6,305 1,000 782,955 7,575 Bad Debt 353,707 798,473 22 Mxiiehester Jewish Museum Notes to the Financial Statements for the Year Ei nded 31 March 2023 Analysis of goveriiance gnd 5uppoI'I c051s Support costs allocated to charitable aelivities Pt'emises CD5ts ineludiiig depi'eciation Infoi'mation technology Staff Adiniiiisti'ation Costs costs Total Total 2023 2022 Geiiei'al 5,300 17,950 101,650 125,911 111,705 Devtlopiiient Pi'oject 259,448 259,448 192,283 5,300 17,950 361,098 385,359 301,988 'rhe support costs detailed above l)ave beEn allocated oil an invoice baslS to the i'elevanl activity. Staff Costs have been allocated by tiine spent. Govei'nance CD5ts Uiii'e5trieled funds Total Total General 2023 2022 Audit and Accountancy Fees 6,305 6.305 6,305 6,575 6,575 6.305 li Net Incomlngloutgoing resoiirces Net llicoinin4outgoin2 resources for the year include.. 2023 2022 Depreciatioii Accountancy & AiiditoVs fees Finance charge5 payable Staff pensiott coIitt'ibiitioi) 268,854 6,305 10,506 5,245 200,613 6,575 10,294 4,829 Audit & accounlatkcy fees relate to ati audit fee of £5,300. 12 Ti'ustees remunei'atloll 81id expenses and relHted transactioD5 Dui'ing the year the eharity in&de Ilie following transactions with Iriistees.. Mr G Red5tort Mr G Redston I'e¢eived remLineration for his role as Chief Executive Officei. of £42,500 (2022.. £13,333) during the yeai.. He received TIO I'ell)unei'atioii foi. his role as a tiustee. 23 Manchester JeTrvi8h Museunj Notes to the Financial Statements for the Yeai. Ei nded 31 March 2023 12 Triistees I'emunei%tion and cxpen5es Aiid related Iransactioiis (Coiil.) 'ri)ei'¢ are no donations fro1￿ Jtlated pailies wliiGI) ale oiitside the noiinal course ot business aiid iio r65tricfrd donatioiis fi'oin related pai.lies No tTUStees have receiyed any reiinbiirsed expei)ses oi. any othei. benefits the charity diiring the year. 13 Staff c0515 Iiey mqiigg¢ment personnel Yhe aggi'egate payi'oll ¢osts wei'e as follows- 2023 2022 Staff costs duripg tlie ye8r Ivei'e., WagE5 and salaries Social security costs PensiD]] Costs Other staff costs 272,399 19,623 5,245 1,362 298,629 261,401 19,291 4,829 285,521 The monthly avei'age nuii)bei' of pei'sons {including senior Inanageinenl teain) employed by the chai'ity duYin¥ the yeai. expi'essed as full tiIne eqtsivalents was as follows.. 2023 2022 Manageineiit & adinitkistration 12 13 No employee Tcceived einoluments of more than £60,000 dui'ing the year. The key Jnanagemenl peE30nnel ai"e considered to be th¢ Trust¢ES aiid Chief Executive Officer. The lotal employee benefits ofthe key manag¢n)ent pei'soniiel of the cl)ai'ity w¢i'e £42,500 (2022 £46,583). The cl)ief Executive officei., as the liighest paid In61nbei' of stsff, i'e¢eived bellefils totalliiig £42,500 (2022- £33,250). 14 T2xatÉon The chai'ity is a registered charity aiid is thei'efoi'e exeinpt fi'om t&xalion. 24 Manchester Jewish Museum Not¢5 to the Financial Statements for the Year Ei nded 31 Mxreh 2023 15 Tangible fixcd a55Et5 LRiid and buildings Fut'iiitui'e lid equipment SoftTrvare Tot#l Cosl At l Api'il 2022 5,083,425 120,341 5,000 5,208,766 Additioi)s Al 31 Marcli 2023 5 083 425 120341 5,000 5208,766 D¢pi'eciatio At l April 2022 Depn Charge in Yeai. 364.291 67,408 I,aoo 432,699 245.150 609,441 500 268 854 At 31 Marcli 2023 90,612 1,500 701553 Net booli value At 31 March 2023 4 473 984 29,729 3,500 4,507213 At 31 Mat'ch 2022 4,719 134 52,933 4,000 4,776,067 Fiiiislied Coods 2023 2022 Stocks 4,246 3,556 17 Debtoi 2023 2022 Ti'ade debtors VAT recovei'able Otliei. debtoi's & prepayinents 11,645 2,533 9,426 23,604 52,650 4,238 43,661 100,549 18 Creditors.. aniounts fAlliiig due wilhiii one year 2023 2022 Ti'ade creditors 11,560 6,340 13,066 4,260 290,000 Othei. taxation and social secui'ity Loaii froiii Maiichestei. City Council Otliei. ci'editOTS 295 Accriials 6,905 25,100 93,607 400,933 25 MAnchcster Jewish Museuin Note5 to the fiin8nei81 Statements for the Year li nded 31 March 2023 19 Obligatioiis llndei. leases alld hire p￿l'Ch￿st coiiti'act$ Operating lease COEnniitment$ Total futuie n)iiiiinuin le8se paymeiits LLiidei' iioii-caiicellable operatlll8 leases air as follows.. 2023 2022 Other Withii) one yEai' Between one and five years 5,527 3,344 5527 6,930 8,871 2U Funds Balinee at31 M#rcli 2023 Balaiice al I Api'il 2022 Iii¢omiMg resources Resoul'ces eXpe￿ded Ti'ansfei's Uiirestricted funds Ai'ts Council England 12,024 (112,024) GeneiEI 130,129 319,098 (348,443) 100,784 Resti'ieted funds HLF Developineiil IWM Secuj'ity Walking tour Oslo 4,616,264 32,064 114,301) 153,230 4,314 52,107 750 (274,270) (34.539) (54,005) 4,495,224 1,839 (16,199) 750 630 (6281 Total restricted funds 4,634,027 211,031 (363,4421 4,481,615 Total funils 4,764,156 642,153 (823,9101 4,582,399 Manchester Jewish Museum security Costs al'e COV￿.ed by a gi'aiit ieceived by CST. At the End of tlie flliancÉal yeai. these costs l)ad only beeii pai'tly funded. 26 Manchester JewÉsh Museum Notes to the fiAnancial Statements for the Year Ei nded 31 March 2023 Balaiic¢ at l Apfft'll 2(121 B8IAiice At 31 Mareh 2022 Ineomlng resources Res'oyi'eL'S expended Ti'an5fei's Uni'esli'icled fuiids Ai'ts Council England GLnei'al 156,023 213,933 (156.023) (233,720) 149,916 130,129 Restriet¢d funds 14LF Developinent 4,887,894 179,488 39,153 5,000 25,326 248,967 4,616,264 32,064 (7,089) (10,000) (39,627) {507,834) MallchesteL Internatioiial Festival 5,000 Secui'ity Total re8ti-icted fuiids 14,301 4,634,027 4,892,894 Total funds 5,042,810 618,923 (897.577) 4,764,156 Re5trRcted fuiids The sptctfic purposes for which the tunds are to be applied ur¢ as follows.. Seeurity This fund i¥t)% for the piDvi5ion of protcclÈvc sccurily tiieasures. HLf DL4velopmeNt Pi'oject The balaiiL'e of the fijnd at the year cttd is £4,495,224. Thi$ furtd is for thf museum d¢vclopm¢nl projeLt. £4.473,985 of rhis fvnd is represented by dje capitali8ed &mounts expens¢iJ and inGludd ivithin tang¥blc fLK¢d as5cIs. W#lliinK Tuui. -n)is is ftirFd&rkg for the walkittg lour audio equipirtenl. Tliis fuiiding was for slalT lo allend a Lunfer¥nc¢. IWM Tliis is a Giaiil towards ihe cost* of Ilie Second World War & HolD0￿￿st Poitiitr5hip PiK>gr&inine project. Manehester Clty CoJncll 'I'IIis 15 foi, fvnding to iillprov¢ data man&gernent systems. 27 Manchester Jewish Museum Notes to the Financial Statements for the Year Ended 31 Mllreh 2023 21 An#lysi5 of net 855ets betweeii fiiiids Uni'estricted fuiids Genei'al I ndowni¢iit fuiid5 Permanejit Resli'ieled fuiids Total fuiid5 l-angible fixed assets Cui'i'eiit assets 11,990 88,794 4,495,223 11,492 4,507213 100,286 25,100 4,582.399 Cuririit liabilities Total net assets 100,784 4,481,615 22 Analy515 of ehaiiges in net debt Al l Api'il 2022 At 31 March 2023 Cash Blow Cas11 284,917 (212,4811 72,436 MCC Loan {290,000) 28