Reglstered number: 09039080 Charity number.. 1163398 KESHET DIVERSITY UK (A Company Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 'A856TrWItrI• 311D&?022 CONANIEs HOUSE
KESHET DIVERSITY UK IA Company Limitsd by GuJranle•l CONTENTS R•ler•fice and Admtnistrative Detaifs of the Company. its Trustees and Advisers Trustees. Report Indopendent Examinerfs Report Stat¢mènt of Financial Activities 10 Balance Sheet Notes to the Financial Ststements 12-22
KESHET DIVERSITY UK IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE OETAILS OF THE COMPANY. ITS TRUSTEES AND AOVISERS FOR THE YEAR ENDED 31 AUGUST 2021 Trustees A Reisel (reSned 23 Novenkni 20211 A Zionts M Jacobs D Shaw ISigned 23 November 20211 B Ellis S Soknnw (appointed 14 June 20211 S Shashoua (appointed 16 September 2020) R Moss {appointed 19 Juty 20211 Company registered number 09)39)80 Charity registered numbef 1163398 Registered office Regina House 124 Finch Road Lond1 NW3 5JS Accountants Nyman Libson Paul LLP Chartered Accounlanls 124 Finchky Road London NW3 SJS Page 1
KEsH DIVERSITY UK IA Company Limited by Guarantoe} TRUSTEES. REPORT FOR THE YEAR ENDEO 31 AUGUST 2021 The Trustees present their annual report together wilh the financial statements of the Keshet Diversrty UK lor the 1 September 2020 to 31 Augu512021. The Annual Report serves the purposes ol both a Trustees, report and a directors. rep¢Jrt under company law. The Trustee5 confirm that the Annual Report and financial statements of the charitable company ¢cMnply vnth the current ststutory rèquirements, the requirèments of the charitable companys govefning do¢unnt and the provisiws of the Statement of Reecnmended Practice ISORPI applicable to charities preparing thr accounts in accordan¢e wlh the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS1021 (second edition effe¢lNe 1 January 20191. Since the Company qualifies as small uThJer sectKJn 382 of ihe Companies Act 2006, the Strategic Report quired ol rnedium and Large companie5 under the compan Act 2006 IStrate9ic Report and Directors, Report) Regulations 2013 ha$ omitted. Objectives and acti¥itie5 . Policies and objo¢1ives The chanty's principal aims and objectives during the period were lo prtte equality and diversity. to advanee educalion and eliminate discriminatw)n in retion to lesbian. gay. bisexual and transgender ILGBT+l people in particular LG8T+ Jw4s vAthin the Jewsh and wmler community. These abrns were made p05siblÈ by the income from charitable activities performed and donabons re¢eNed. In shaping the obJ"e¢twes of the chaiity. the trustees have cortsmlered the Chanty C¢)mmis$ion'$ guidance on pt1b1 benefit b. Volunteers The charrty 4s grateful for the dedicatKJn and commilment ol its volunteers who weie involved in training and education ¢Juring the period. It Is estimaled that 1CQ houts were provided during the period. 11 this is conservativety valued at £15 per hwr. the volunteer eff[ WrunIS to £1,5. Achievements and performanc• a. Review of a¢tivities Donations and Gfft Aid received in the peri¢xl lotslkd £113,68712020'. £122.2721. £114.799 12020.. £100,251) was paid ¢yJt on ¢haritsble actNities as described in the note 5 to the financial statements. The charily's resources expended exceeded incc¥ming resource5 by £1.112 (ln 2020 incoming resour¢es exceeded resources expended by £22,021). The statemeni of financial position is posrtive during Ihe peric*J with Ihe main constiluent part continuing to i cash reserves. At the rèporting date. the chanty had Ga5h reserves of £141.990. with general funds of £102.558 and restricted funds of £1,483. These serveS will be used in the lulure for the objectives ol Ihe charity, specifically lo increase capacity to deveiy and deliver thantable activilies as well as to mitigate the impact of CovttY-19. Page 2
KESHET DIVERSITY UK IA Company Limiied by Guaranleel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 AUGUST 2021 Achievements and perfonnance l¢ontinu•d) b. Summary of charitabl• activlties KeshelUK has a on of 8 world Wfie no is forced to chcose between thew LGBT+ and Jewish identity. Our missKJn is lo ensure that jiSh LGBT+ people and thei¥ familie$ are included throughout Jewish life in the UK. We engage wth schwls. th and young adum organisations. synagogues and wider communal organisalions about the important of LGBT+ inclusion and then enable these Instilutions to identify their goals in order to beccffle more inclusivè ol Jewsh LGBT+ peop and their families. This year we were challenged to work wlh constantly changing health regulations because of Covid19, with associated financial uncertainty and the needs of LGBT+ and Jewish communities fhal were land are slilll weary and heartsick. We have had lo reassess how we do our work. what exa¢Uy we do, and where we do it. We have worked hard to be agile in response to this pandemic. Our progran¥niThJ cyde folows the academi¢ year. In the year leading up to 31 Augus12021 our hb3hli9hts included.. Ensured delivery of workshops and a55ert)Iies for t)ur most successful year with school delivery- worf(ing wrth 3.540 students in 3 Jewsh secondary schools (aged 11-18 years). just undei half ofthese sludents had their sessions run by le¥hers in the school with support Iiom KeshelUK staff". Delivered LGBT+ Inclusion training to 30 teachers in an Orthodox Jewish secondary school. Adapted our programming materials lo enable school teachers to dèliver KeshetUK content with sVPPOrt from KeshetUK. or for KeshetUK vdunleers and staff lo nJn the sessK)ns remtstdy," We delivered LGBT+ inclusKJn trainir¥J aThJ sessions 8 youih moveryEn15 or ()r93nisatM)ns lor over 250 people. Worked wth Masorti Judaism, who have secured a granl Irom the NaIal Lottery Community Fund 1¢ work in partnership ¥th KeshetUK. This Ihfee-year-long proiecl will work on LG8T+ inclusion across their ¢ommunities". Ran a visioning session for ten Tr7embers of the newty fornied Masorti NÈW North London Syn8gogue LG8T+ Group and then ran a slory-leming WlNkshop lof six of their members, ol wh(yn three went on to share their stories wilh the wder communiw, Hosted a session on general LGBT+ inClusn and a fe¢us on trans iidusi)n for 6 trainee rabbts in their rinal year of rabbin1 s¢hod at the Pr(¥Jressive Leo Baeck College". Delivered an LGBT+ IluSIOn,tasIer sessM)n' lor 6 merrth)er5 of staff al the London S¢hool of Jewsh Stud¢es whose preSent Is Orthodox Chief Rabbi Mirvis: Ran a'conversation wilh KeshetUK' 5e5sK)n for the Liberal FihY Prcyressive Synagogue lo 20 members Specrfta1 focusing on language. kind conver5atK)ns. and trans Inclusim. Ran a session for the studenl summrt of the Council of Christians and Jews8, participating in a panel on the impact of faith-ba5ed student SoCt$ and hcw they can support their LGBT+ members". Trained 8 member5 ofthe JW39 SenKJr Leadersh) Team, ftAlcMed by training for 10 members of their Programming team". Took part in an interfarth SeSsn run by Hay8h13, Sarbat Sikhs14 and House ol Rainbow15 and KeshetUK. We treatèd an online space for LGBT+ people of larth to talk about their relKJnship to their faith and mind, body and soul", Ran a panel Experiences of scKale¢l Conversion Therapy." Panel for the UK Jewish ccmmunity with over 1C4) people JoiniTr9 to wateh it. Page 3
KESHET DIVERSITY UK IA Company Limited by Guaranlee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2021 Achievements and perf0mnCe IcontSnued) A priority for u5 has been to ensure the sustainability of KeshetUK. We havè moved c105er to Ihis through working on grcy¥ing our trustee board and we are delwJhted that to welccffie three new trustee board members.. Stephen Shashoua is a pro9ramme designer. Irainer arKI cwty-buikling spectalist VrkIng at the inlerseclions ol the arts. Klentity and cuAure in order prornote better socral rekts.ons and inclvsion. S4non Solomon has an MBA from Cass Business school and has worked lor 25 years in lechndogy sector in a number of mmeral and business development rOS and aLso as an investor in several enterprises. Robin Moss worked professnalty in the Jwsh communty for many year5, inctuding almost a decade at UJN, he is the Chief Executive of Unitss (Bamd Youth Zone). a purpose-built facility in Burnt Oak provIng high-quality acb"wlies aThJ support to young FW)le in Bamet from the ages of 9 to 18. Financial review . Going Concern Writing in February 2022, it is easr for us to now Underst some of the impact of Covid-19 on KeshetUK than il was al thé end of the period descvibed in thi5 repwt. Thi$ indudes Some of our gUlar donations bein9 cancelled or grants being linrted We continue lo take sleps to milale the risks and maximise the benefit to our beneflarIeS durirg thts pericJ. Our wogramming prior to the pandemic was based on ace-ttrfa¢e delNery which had to cornpletety stop in the early phases. We reintroduced lace-to-face delivery in Ihe ktter ham 012021. going back into hoolS to deliver face4i>lacè pro3ramming. We have %wxked cbjsely wrth stakeholdèrs, including schools and youth organisations, to explo where we can delwer our work using alrnatiVe fomiats. arHJ to explorè the likely take up ol our chantable offer through 2021-22. Our delivery bevels are n¢Jw retuming thwr pre-pandemL levels, and interest in our services conlinues to grow. Nevertheless. actiwty targèts for 2021-22 remain uncertain, as we anlicpate uncertainly Irom the organisations and institutions who we deliver services to of partner with. with consequent can¢ellats"ons or reschedulirg of our programming al short no1e. The impact of Cowd-19 may adversety impact our funding over the eknming few years. Reduced or uncertain ath'vity may lower our attractiveness to some funders. The large muiti-year grants that fomi the backbone ol our funding are partialty ¢onlimd for 2021r22. but sorr* major donor5 commrtmenls are up for renèwal. We will need to woik hard lo re further cycles ol these awards, as well as bukn9 new donor relationshps. and being cautious with our spending. Our strategic plan continues to attract new donors_ In September 2021 we launched our Community Lrfe Pr¢gramme lo work wrth community organi5ations and sYnage$. Core funding for three years for thts ha5 ccrfne Irrmn new funders who are exciled by the polential impact. We also expect a fall In indNidLtal 9iving. rellects.ng ihe financial drfficultie5 many will face this year. which will be fell by our supporters. Wè a fortunat¢ lo have buitt up 8(lequ8tè uncestricled reseNes whh wll help us Ihrough this period of uncertainty. The Trustees therefore exped the charity to have enough resources to remain in existence lor the loreseeab future. For thi5 reason, they continue to adcpt thè gtsiro concem basis in preparing the finala1 stslemenls. Page4
KESHET OIVERSITY UK IA Company Limited by Guarant••l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 AUGUST 2021 b. R•serv¥s poli¢y The Directors have estsblished a reserves policy in order to provide financial stsbilty for 3 monlh5' salary. any iedundancy pay due and 1Wo of our annual running Costs 8$ a buffei. Al the reporting date, unreslricted reseryes are £102.SS8 and would rxwer almosl 11 months. expendrture on Ihe basis ol the 202(k21 performance. which Is exceeds Ihe amount requrred vmih the current feserves pdw. c. Principal funding The chanly is principally funded by drmakns. Structtsr•, goyemance and managemenl a. Constitution The charity ts registered as a chaiitatAe company kmited by guarantee and was set up by a Memorandum of Association on 9 K4ay 2014. The charity is constrtuted UreT a Memorandum of ASSOClOn dated 9 May 2014 and is a regISted charity number 1163398. The charitable comparby wa$ incorporated on 14 May 2014 al Companies House. The principal objecl of the charity S to provide to Prote equality and diversity, advance education and eliminate ¢Jiscr¥nination in latIon to lesbian. gay. bisexual and ttansgender ILGBTI people In particular LG8T Jews within the Jwsh and wder commvnity by such means as the trustees from time to time decide. b. Methods of appointment or ele¢tion of Trustees Three new Trustees were appcinled during the ye*. The Tryrstees who seNed during the ar were.. B M Ellis A M Reisel Iresone(l on 23 Novembef 20211 D Shaw IresvJned on 23 November 20211 A Zionts M Jacobs R Moss lappoinled on 19th Juty 20211 S Shashcxja lapp¢inted on 16th September 20201 S J Solomon lappoinled on 14th June 20211 The management of the chanty is responsibilty of the Trustees who are elected and co-opted under the terms of the CstIlutIm. Under the constrtutKJn Trustees are appointed for Ihree years. One third ol the Tru51ees retire annualty and are eligibk for re4ppryntmeni. No Truslee recewed any remuneralKJn for 5eMce5 as a trustee during the yw. No Trustee h&J any bethial interes1 in any contTa¢t the ¢harty thjring the year. Page 5
KESHET DIVERSITY UK IA Company Limited by Guarantee) TRUSTEES. REPORT ICONnNUEDI FOR THE Y&4R ENDED 31 AUGUST 2021 Strncture. governance and manag•mÈnt (continued} c. Policl¢s adopted for th• induction and tralning of Trustees ExistrNJ Trustees brief new Trustees on the chartys aims and rt>jeclNes. They are given a copy ol the charitys constitution as wdl as Ihe latesl finanual statements. They are aL%o given literature aboLrt the charity, familiarised with our poliaes. and are direded tty44ards the thanvs wébsite. This enablès the Trustees lo lulfil their ro in line with thè Charit5 Act 2011. d. Risk managem•nt The Trustees have assesse11 the major risks to which the charity exposed. In parb'cular those related to rhe opefations and finances of the chanty, and a satisfed that systems and procedures are in pi%e lo mitigate our exposure to the rna1 risk$. includin9". Risk 1." Rising demand outslnps our tapacty to deliver pro3rammin9_ This is mitigated through good communication vAlh those we work with. rewewing we work to ensure we are working effectively and fundraising lo add any necessary new capaoty. and buikding volunleer capacity Risk 2.. Lack of 5uffi¢ient funds. Thi5 is miltgaled ihroLhJh our lundraising Strategy including prKJritisiThJ bng4erm regular donations, attractin9 majof donors. expanding our grant wnb"ng, exploring furthèr opportunities to increase trading income. and ¢aufK)u$ness dullng the co-19 pandemic to ensu our Icnger term stability. Risk 3." InsLrffi¢ient vdunteer recrurtment and relentK)n affed%ng KeshètUK's abilty to deliver ils activities. This is mrtigated through our volunteer recruitment. engagement and development actwities. th a named volunteer coordinator and consthring a trustee with Spe0 5)$1ty (or volunteer devekynent. Risk 4.. Volunteer or staff bumout at all kveL% in the organisatw)n. inchjding leadership. This is mits"gated by prioritising activrties so nonossentiaYrKJnurgent Gan be wstponed or held. spreading workload across the widest team possible. and thrtsjgh debriefing and supp)rt actNilies. We also have tsne trustee who supports on HR issues specrfrcally. and have contracted eeMlY for expert hijman resources support. Risk S.. Inappropriate vdurileer or Staff behawovr which coukl rèsull in harm lo vulnerable people or Create reputational risk. This risk is minimed through implemenling our safeguafdiro policy. gUlar training opportunrties foi VolUnteerSff. avoKling unsupervised wothiThJ wrth potentvalty vulnerable people- voluntÈers15taff working in pairslgroups wherever ptsSsib. and superwsh)n and mentoring of newer volunteerslstaff by more experienced vdunteefsjstaff. Risk 6.. Impacl of CO19 outbreak. This has become ea$r to quantfy as time has passed. However. we are slill unsure about the ec0ft0m impact on our fvnders and h(M th15 may affect us. We are trying to manage ihis risk through close engagement wrth our maju dOnS and audiences for our work, and where possible adapting our content and delivery to the evojving Srtvatn. Page 6
KESHET DvRSITy UK (A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2021 Plans for future periods We will need to relurn to having a phystsl offKe spacè. whth we have not maintained during CovKI-19. This will bring together our staff, many of whrxn are to KeshetUK. and help support teamwothing and ¢atIvity, while providing space for extemal in-person meetings. Over 2020121. we already have commitrnenl from the secondary schcols we work wrth and InteSt from community 0198nlsatTrs and synagogues lor more in4epth work. We are 8wafe Ihat the demands of Covid-19 on c¥Jr stakehoklers means we need to able to adapt lo their requirements more than evef. often with short nolice. In 2021r22, of our three founder Tru$lees will slep down from thè board. Our tr foundei Trustee wll step dthvn from their foje as Chair, and remain on the board to support Ihe IranSitTr. The focus for 2021-22 and onwards will therefoie be lo.. Continue to grow and devel¢)p the Tnjstee Board lo briThJ in aJditnal skills and capacty lo support govemance and strategic development. while wruiting a new pemanent Chair." Finalise the fresh ol our Slrategy. extending rt out to 2026., Increase Income generalh)n. focusin9 ¢)n irKreasin9 the number of successful applicatton$ lo trLtSts and foundations and strengthening LatnShIpS wrth current and flrtu Individval nOrs.. Recruil and support volunleers who Can add to our delivery capacity.. Further develop our Cimmunity Lrfe Programme. These priorities may have lo $hift because of t1 impact ol CovKI-19. and the Trustees wil regufady review these and may dwde to limrt or apt the Chafiws PnS for the next financial year as the impact of Covid-19 becomes ckarer. Members. Ilability The Members of the clanY guarantee to contrt)ute an t)Unt not exceeding £1 to the assets of the Company in Ihe event ofvAnE1iro up. Paga 7
KEsH CrfVERSITY UK IA Company Limited by Guaranleol TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOEO 31 AUGUST 2021 Statemelrt of Tntstees, responyibilities The Trustees (who are also Ihe d1ClOr5 of the Coryjany for Ihe purpose5 of ccmpany lawl are responsible lor preparing the Trustees. Report and the financial staleThnts in CordanCe with applicable law and United Kingdom AG¢ounling Standards (United Kingdom GeneraltyAccEptÈd Accounting Practice). Company law Tequires the Trustees to prepare financial statements for each financkal year. Under Company law, Ihe Trustees must not approve the financial stalements unkss they are $atisfEd that they give a true and fair VEW of the state of affairs of the Company and of rts incwiing Te50urces and appIallOn of resources, including its income and expenditure. for that peri&J. In preparing these financial slatemenls, the Trustees are required selecl suitable accounting policies and then apply them con51Stently'. obswe the meth¢xls and principles of Ihe Charities SORP IFRS 1021.. make judgments and accounfing estimates that are reasonable and prudent,. stale whether applrable UK Accounb"ng Slandards IFRS 1021 have been followed. sut¥e¢t to any material departures discbsed and explained in the financral statements; prepa the financral siatements on Ihe going concem r)asis unless it is inappropriate to presume that the Company will continue in bus1s. The TfLlStees are responsible for keeping adequate accounting rewk1$ that are su1t lo show and explain the Company's transactions and disclose vrith reasonable accvrffj * any time the financial posifion ol Ihe Company and enable them to ensure Ihat the financial 51ements compty wth the Companies Act 2006. They are also responsib for seguarding the assets of the G¢ynpany and hence for taking reasonabbe steps fof Ihe p{eventn and detection of fraud and other irregularilies. Approved by or¢Jw members board of d $KJned on their behaW by.. TrLtstees on Isy 8 M Ellis (Trusteel A fionts (Trustèè) Page 8
KESHET DNERSITY UK IA Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Indepèndent Examinerfs Report to the Trusttes of K•shet Oi¥ersity UK I'thè Company'l I report to the charity Tw5tees on my e¥InatIon of the accounts ol the Conwany for the year ended 31 August 2021. Responsibllities and Basis of Report As the Trustèes ol the Ccrfnpany land its dire¢t¢ys for the purposes of company lawl you are responsible for Ihe preparatKJn of the a¢count5 in a¢cordance wrth the requirements of the Companies Act 20061't 2006 Act'i. Having sa115rd mysell that the account$ ol the Company are nol required to be a&wJiled under Part 16 01 Ihe 20C6 Act and are eligible for independent examination, I report in respect of my examinats'on ol the Companls accounts carried ¢ut under section 145 of Ihe Charilies Act 2011 Ilhe 2011 Act'l. In carryirwJ out my examination I have fdlNed the Direclions given by the ChaTity Commis5iDn untleT 5ectK)n 1451Sllbl of Ihe 2011 Act. Independent Examinerfs Statement I have completed my examinat)n. I confimi thal no matters have rne lo my aitenth)n in conne¢tion with Ihe examinatjon giving me cause to believe. accountirwJ records tre nol kepl respect ol Ihe Coryany as required by 5edJn 386 of the 20C6 Act.. or the accounts do nol accord wth those records". or the accounts do not compty with the accounting requirements of 5edion 396 of the 2006 Act other Ihan any requiremenl Ihal thè accounts give a 'true and fairf vew which t5 not a matter Gonsidered as part ol an independent examination". or the accounls have not been prepared in a¢¢ordance with the methods and principles of the Statement ol Recommende¢J PraCte lor accounb.ng and reporting by Charit lappluble to ch8ri1ies preparing their accounts in accordance wth the Finaal Reporting stsnd appluble in the UK and Republic ol Ireland IFRS 10211. I have concems and have come ¥ross no other matters in conneclion with the examination to which attentK)n shouhj be drawn in thi5 report in order to enatAe a proper understanding ol the accounts to be reached. This report is made sow to the Companrfs Trustees. as a body. in accordance with Part 4 of Ihe Charities IAccounls and Reports) Reglrfations 2th)8. My wort has been undertaken $0 that I might stè to the CoMpanS Trus18es those mattefs l am required lo state to Ihem in an Independent Examinèrfs Report and for no other purpose. To the fullest extent peimrtted by L¥w. I do not accept or assume responsibility to anyone other than Ihe Company and the Companys Truslees as a bcmly. for my work or for this report. Isabella Segal FCA Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS X 2121 Page 9
KEsH DIVERSITY UK IA Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2021 unreStrted lunds Restiicled funds 2021 Tolal nds 2021 Tolal funds 2020 NfAe Income from: Donalions and *a¢ies 104,752 8.935 113,687 122,272 Total incom¢ 104.752 8.935 113,687 122.272 Exptnditure on: Charilable activities 101.817 12.gB2 114.799 100,251 Total expenditure 101.817 12.982 114.799 100,251 Net movèment in funds 2,935 14,0471 11,1121 22,021 ROncIlIation of funds.. Total lurKls brought lorward Net movemet)t in funds 99.623 2.93$ 5,530 14,0471 10S.153 11,1121 83.132 22,021 Total funds carried forwa 102.558 1,483 104.041 105,153 The N)tes on pages 12 10 22 fomi part of t financbal slatements. P&Je 10
KEsH DIVERSITY UK IA Campany Limited by Guaranteel REGISTERED NUMBER= 09039080 BALANCE SHEET AS AT 31 AUGUST 2021 2021 2020 Fix•d ass•ts Tangible assets Current assets 413 541 Debtors Cash 31 bank and in hand 10 3.278 141.990 1,590 104.548 145.268 1C6,138 Credrtor5' amunt5 falling due wrthin one year 11 141,640) 11.5281 Net eurrent a55els 103.628 104.612 Total net assets 104.041 105,153 Charity funds Restricted funds Unrestricted funds 12 12 1,483 102.558 5.530 99,623 Total funds 104.041 105,153 The Company was enlilled to exerrytion from audit under sect)n 477 ofthe Ccxmpanies Act 2. The members have not required the C(panY to 0"n an audrt for the year in question in CdaThCe wth section 476 of Cornpan Act 2006. The Trustees acknowfedge their responsibilitw for complwr¥J wilh the requirennt$ of the A¢t wilh respect to accounting records and preparation of financkal slalement5. The financial Statnents have teen prepared in OrdanCe with the provisions 8pplicable lo enllies subje¢t to the small companies regime. The financial statements were approved authorised Iss by . the Trustees on and si9ne(S on thèbr behalf by.. 8 M Ellis ITrusteel A Zlonts (Trusleel The notes pages 12 to 22 fom part of these [anCIal statements. Page11
KESHET DNERSITY UK IA Company Limited by Guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 General inforniation Keshet Diversty UK is a charitatAe company limrted by guarantee #nd registered in England and Wales. Ils registered Off is Regina House. 124 Finch Ro•J. London. NW3 5JS. Accounting policies 2.1 Basis of prparatlon of finan¢ial slatemenls The finan¢wl siatements have been prepared In accordance wrth the Charrties SORP IFRS 1021 (Second editK)n Oclober 20191 Accounting and Reporting by Charitie$". Statement of Recommended prath.cè applicab io tharilEs pparing their accounis in accordance with the Financial Reporting Standard appluble in the UK and RepublK of Ireland IFRS 1021 (effective 1 January 20191. the Financh?l Reporting Slandard applicable in the UK and Republi¢ ol Iland IFRS 1021 and Ihe Companies Act 20C6. Keshet Diversty UK meets the definition of a public benefrt entty under FRS 102. Assets and liabilrties are inrtially recognised at historical cost or Iransaction Val unless otheiSe ststed in the relevant aGntIng polity. 2.2 Income All trKome is reccgntsed once Ihe Company has entstlemenl lo Ihe income. il is probable that the income w1 be recewed and the an)Unt of inctyne receivable can be measured reliabfy. Grants are included in the Slaiement of Financial A¢tivitses on a receivable basi5. The balanGe ol income received for specrfic purposes but not expended during the per1 is shown In the relevant funds on the Balance Sheet. Where Income Is receivetl in advance ol entitlement ol re¢eipt. ils recognrtK>n is delerre(l and Included in credit as deferred inwme. Where entitlement occurs befofe income is received, the into is accrued. Incc¥ne tsx recoverable in re1 to donations receiv&J under Gift Aid or deeds of covenant is recognised * the time of Ihe donat. 2.3 Exp•nditur• Expendilure is rewnld once there ts a al or constnjctive obligab.on lo transfer economic benefil to a Ihird party. rt is wobabk that a transfer of economi¢ benefits will be required in seltlement and Ihe amount of Ihe c4JlvJation can be measured reliably. Expendilure Is cL4ssrfd by aclivty. The costs of each &tivty are made up of the total of direct costs and shared Costs, induding support cosfs involved in undertaking each actwty. Direct costs attributable to a single aciivity are a51ocaled directly lo that activity. Shared costs whh contribute to more than one activity and support"cost5 which are. not attributabk to a single-&tNily are apwMToned bee¢n those auivrties on 3 basis conwslent wlh the use of resources. Central staff costs are allocated on the basis of time spent, and depreryatti charges alhxated on the port of the assel's use. Support cos15 are those costs incurred directty in suppcwt of expenditure on the objects of the company and indude pro1t management Ca*d ojt al Hquarters. Charitable adwities and G0Vena cost5 a costs incurred on the companls edu¢ational opefalions. mduding suppTh1 costs and costs reialing lo the g0Venan ol Ihe company aprtIOned to cha11tle a¢tiwties. Page 12
KESHET DIVERSITY UK IA Company Limited by Guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accounting policiès Icontinuedl 2.4 Go¥ernmeDt grants Governfft 9rants relakn.ng lo taThJitAe fiyed assets a Iate(l as deferred irwme and oleased to the Statement of Financial ActivilS ovef Ihe expected useful lsves the assets concerned. Othef gran15 are Cdrted to the Slalement of Financol ActM"bes as the related expendilure is incurred. 2.5 Tangible fixed assets and deprociat#)n Tangibk fixed asset5 are carried at cost. net of depreciation and any provision for impaimenl. Oepreciation is charged 50 as to alktale Ihe cost of langible fixed assets less their residual value over their estinated usefLd lives. usin9 the straight4ine method. Depreuath?n 15 provide(l on Ihe basis.. Off¢e equiKxnenl - 3 year5 5travJhl fine depreciation 2.6 Debtors Trade and cAher detAors a reco3nised ai Ihe 5dtlemenl amount after any trade discount offered. PrepayTnents are valued at the ¥MnI wepawj net of any trade discounts due. 2.7 Cash al bank and in hand Cash at bank and in hand inckjdes cash and strt-tern highly Iw]uid inveslmenls with a short malurily of thcee months or tess Irom the dale of wuisition or opening of the deposit w similar aOunt. 2.8 Liabilities and provisions LLabilib"es are recognised when there 15 3n ¢*loation at Ihe Balare Sheet de as a result of a past e¥enl, if is probabse that a transfer of economic benefil will be required in seluement, and the amount ol the settkmenl can be estimated lIablY. LN4bilrties are recognised at the amount that the Company anticipates rt wrfl pay to settle the debt or the amount rt has received as advan¢ed payments for Ihe gwds or services it must provide. Provisions are rneasuTed * the best estimate of the amounls required to settle the obligation. Where the effect of the time value ol money is materkal. Ihe provision 15 based on the present value of those amounts. discounted al the pre-lax discount rate that refle¢ls the risks 5pecrfic to the Ik8bility. The unwinding of the discounl is recognised in the Slat)ent of Financial Activities as a finance cost. 2.9 Pensions The Company operates a defined ¢ontributhan pension scheme and the pension charge reprwnts the amounts payable by the Company to the fund in respect of the year. Page 13
KESHET DIVERSITY UK IA Company Limited by Guarant•e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accounting policies Icontinuèdl 2.10 Fund accounting General funds a un$trIed fvnds vthich are available for use at the discretion of the Trustees in lurtheran¢e ol the general cttriectives of the Company and whth have not been designated for other purposes. Restricied funds are funds which are to te used in accordance wrth specthc restridion5 imposed by donors or whi¢h have been raised by the Company for particular purposes_ The costs ol r8ising and administering such funds are charged 4ainst the specfft fund. The aim and use of each reslri¢te fund is set oul in the noles to the (Inar1 slalemenls. In¢ome from donations and lÈgacie5 Unrest[ted funds 2021 Reslricted funds 2021 Tolal lunds 2021 Donations and 9rnnts Government grants Othef incomin9 resources 100.360 485 3,7 8.935 109,295 485 3,907 104.752 8,935 113.687 UnrestTicled funds 2020 Reslricted funds 2020 Total funds 2020 Oonations and grants Government grants Similar incoming resour¢es 94.050 11,710 6.895 9,617 103,667 11,710 6,895 112.655 9.617 122.272 Page 14
KESHEf DIVERSITY UK (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Anatysis of expendtture on charitable activities Summary by fund ty Unrestricted fund5 2021 Restricted fund5 2021 Toial funds 2021 Charitat4e actiwties 101,817 12.982 114.799 Unrestricted funds Restricled funds 2020 Total funds 2020 2020 Charitable actiwties 82,403 17.848 100.251 Anatysis of expenditure by aclNllles Aclivrties undertaken direcyy 2021 Svpp)rt costs 2021 Total funds 2021 Charitabk acllwlS 280 114.519 114.799 A¢tMties undertaken directly 2020 Support ¢osts 2020 Total funds 2020 C"tale a¢tiwties -1.265-. 98.986 - 100,251 Page 15
KESHET DIVERSITY UK IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Independent examlnerfs remuneration 2021 2020 Fees payable to the Companys it¥Jependent exaniner for all ser¥w• during the financial year 253 Staff costs 2021 2020 Wages and sakries Social security cosls Pension costs 92.021 5.286 86.208 4.437 1.639 99,268 92.284 The avera9e numbèr of pèrsons emplwed by IhÈ CtyN)any during Ihe year wa5 as follows.. 2021 No. 2020 No. Employees No employee received rernunerat¢ arrrfwnIg lo more Ihan £60.000 in either year. During the peric*J, key man4ement personnel receNed tctsl emoluments of £99,26812020 £92.2841. Page 16
KESHET DIVERSITY UK IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 AUGUST 2021 Trustees. remuneration and expense5 DuriryJ Ihe year, no Trustees recwed any remuner8b.on or other benefrts12020- £NILI. During Ihe year ended 31 August 2021. r) Trustee expenses have been incurTed12020- £NIL). Tangible f•xed assets ONi¢e equipmenl Cosi or valuaiion At 1 September 2020 AddilKJns 1,71S 181 At 31 Augusl 2021 1.896 Depreciation At 1 September 2020 Charge for the year 1.174 309 At 31 Augusl 2021 1.483 Net book value Al 31 August 2021 413 At 31 August 2020 541 10. DebtOfS 2021 2020 Due within onè yèar Trade debtor5 2,725 170 Other deblofs Piepaymenls and accrued Irome 1.218 372 383 3.278 1,590 Page 17
KESHET DIVERSITY UK IA Company Lirnited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Credltors: Amounts falling due wthln one year 2021 2020 Other taxation and social security ArY31$ and Lleferred Incc¥ne 1,140 40.500 1,526 41.640 1,526 P&3e 18
KESHET DIVERSITY UK IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED J1 AUGUST 2021 12. Stalement of funds Statefflent ol funds- ¢urrent y•ar Balan at 1 Septemb 2020 Balance at 31 August 2021 Income Expendrture Unrestricted fvnds Geneial Funds- al funds 99,623 104.752 1101.8171 102.558 Restricted lund5 Shoresh Future Funds- LGBT+ Consortium The Chihjren's Aid Committee 1.483 12,000) 13.53Q) 17.4521 1.483 3,530 7.452 5.530 8.935 112,9821 1,483 Total of fvnds 105.153 113.687 1114.799) 104.041 Page 19
KESHET DIVERsrrY UK IA Company Limited by Guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 12. Statement of funds Icontinuedl Statement of funds- prior yèar Balan¢e al 1 SeptembÈr 2019 Balance al 31 August 2020 In¢¢)me ExperKlilure Unrestri¢ied funds General Funds- 811 fijnds 69.371 112.655 182.403) 99.623 Restrlcted funds Jewish Youth Fund Oxford and St Georges Shoresh Future Funds - LGBT+ ConsortiL The Children's Aid Cc4nmrttee 1.250 8.oc 981 3,530 11,250) 18,OOD} 19811 2,000 3,530 7.617 17,6171 13.761 9.617 {17.8481 5.530 Total of funds 83.132 122.272 1100.251) 105.153 13. Summary offvnds Summary of funds - currènt year Balance at 1 September 2020 Balance at 31 Augusl 2021 Income Expendrturè General lunds 99.623 5.530 104,752 8.935 {101,817} 112,9821 102,558 1,483 Restricted funds 105,153 113.687 1114.7991 104.041 Page 20
KESHET DIVERSITY UK IA Company Limite(I by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 13. Summary offund$ Icontinuedl Summary oflunds- pfioryear Balan at 1 September 2019 Balance al 31 August 2020 Incryne Expendrture General funds Restrted funds 69.371 13.761 112,655 9.617 182.4031 117.8481 99,623 S.$30 83,132 122.272 1100,2511 105.153 14. AnalysSs of net assets beiw•en funds Analysis of net assets betwo•n funds- current year Unrestncted funds 2021 Reslrided funds 2021 Total lund$ 2021 Tangible fixed a55ets Current assets Credit¢xs due within one ye 413 143.785 (41.6401 413 145.268 (41,6401 1.483 Total 102.558 1.483 11)4.041 Analysis ot net assets between lunds - prior year Unreslride(I funds 2020 Reslr¢cted funds 2020 Total funds 2020 Tangible ffixed assets Current assets CredItS due wilhin ce 541 541 1C6,138 {1,5261 11x1,608 11,526) S.530 Total 99.623 5.530 105,153 Page 21
KESHET DIVERSITY UK IA Company Limit•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2021 15. Pension commitmenls The company cperales a defined contrUtIonS pens¥)n scheme. The assets of the scheme a hebj separately from those of the company in an independentty adminislere¢J fvnd. The pension cost charge represents wnlribulions payable by the company to the fund and amounted lo £1.%1 12020.. £1,639>. Contributions totsllir¥J £NIL 12020.. £NILI were payable to the furKI at the balance sheet date and are included in cdrtors. Page 22