Charlty 1*ol$trntion numl>er 01184945 JTAP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
JTAP LEGAL AND ADMINISTRATIVE INFORMATION B Sather P Sinwns R Banwm Charlty numb•r 01184945 Prlncipal addr••s 6 Vl•stAvenue Lon¢Jon 42LJ Ind•pend•nt •xamln•r Anthony Epstein FCA Paragon partr3 Dmitsd Churchill Holtsè 137- 139 Brent Slro81 London NW4 4DJ
JTAP CONTENTS Pag• Trusts•s report Indep•nd•nl examSne¢$ stst8mgnt offinandal 8810n 8he•t Not$$ to the flnandal 8tstements 8-11
JTAP TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The tsuste8S Pts5enl tswannual r8w)rt and tharKial statements for the year rthd 31 August 2022. The financial stst8ment$ hav8 bèan prepared In CordAnce 1h the acwunting rdiryes set out in note 1 to thè financial statements and comply wrth the chantls wvemiThJ d(Kument, the Charib"6s Ad 2011 and "Accounting and Reporting by Charities.. Sl8tament of Ro¢ornmended Pr8¢tt¢e applicable to ch8rities prepanry ther accounts n accordance wrth the Fin&nryal Rem"NJ Slandard ap.CabI& in the UK and Ropubllc of Ireland IFRS 1021 leffeclivè 1 Jarvjary 20191.. Obl•ctives and a¢tlvltl•i The charity's objects are the thancernent of the ortlKxloy Jvmsh rllgk)n lor Ihe benefft of th8 pU1C mainly. but not exclusivety, through the holding ol lèctures and woduung andlor disseminating malerial via modern ttthndogy In ordèr Ihat Jthwsh p48 leam to Prac1 th8ir rdwion and galn ¥ deeper uThlè¥snding of its nchness, hortta99 an¢J culture. The tN81ees havo due rrI to guid8w is8ued by ts Chwlty Comm1wL In d8ddln9 whal adfvitlos thè charfty should undertake. Aehl•v•m•nts and p•rfonnanc• Durfng thè pgriod. JTAP dbitised much of Ihts txisting malenal of a world dass •dueator of Jewlih thou9ht & phi108ophy. mainly in the lorm of creaung 8 Meb3rte and Oadir¥ audio and vk180 eont8nt to it. JTAP comrnissi0Thgd tho samè edu101 to ¢r8al• now malertal and uph)ad to the webstt•. on YouTub• and tsther onllno ¢h8rThlB. B•low aro $Gfne 8tsU8Uc8 And fyure8 in r•lalhJn to Ih8 websit•.. Webslle and Naw¥le¢tor' Webslte unique viower8 slnc• Sne•ption'. 16,128 N8wsletter subscribers.. 646 newsletters nt out: 14 avgrag6 op•n r•tg.' 70% Vk4eos hav? b8¢n w8t¢hod by over 1,000 poopl8 Webinars done s¢rICallY for subscrib•r¥'. 1 Pgople att8nd•d.' 60 Av•ra99 number of who emall In to dtated •mAI a(kJws wth quest$.. 3 Frday Audio eontent.. number of audio lectures dO)I08d?'. 664 {this featwe was ¥nab rnonihs •9)1 number ol audio lis¢en'$'. 13.4Q) Fln•nGlal r¢vl•w The charity'5 Inme 18 mainty derived from eati. EXpandre. prlm8rily rm thathat4è athibes, in a nel rPluS inc4)mo ¢)v8r expenditur8 01 £19.631. The truste¢3 consKler the funds generaled in the year under revitsw io be suffic[ to meet th? tharitab tru8Vs objectives and the rKJ8ibon of th8 Charitab trust at Ihe year end ¢0 be sat15factory. The tnjstaes have aSsÈd Ihe Ma1 risks lo whth the tharity 15 exp)sed, and are satfi¢d Ih8t systsms a in plac8 to mibgate exposure to ¢he major risks. strtle. governance and rnwwem•nt
JTAP TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Th8 charty Is a ¢h8rifabkn •)c£¥porat8d 0On regthred with the Charity Cornmiss#)n vAth a written eonstilutson on 19 August 2019. The Irustees who s•rv8d during Ihe year and up to the data of sKJn8lure ofthe finanual $18temonts wèm: B &cher P Slmons R 8enolm The trusteès report wa$ approvod by the Board of Trust•¢¥. P 8lm¢n• Trustee Dated.. 12 Juno 3)23
JTAP INDEPENDEMf EXAMINER'S REPORT TO THE TRUSTEES OF JTAP I r8POrt to thè trust8es on my examinatic of the flnanod 5tstements of JTAP (the drIty) lor th8 y881 ended 31 August 2022. R•sponslbllltl•s and b#Jis of rewt As th& trusteès of the charity ycw are Tesponsbl• for the preparation of the finala1 slataments In acccKd8w4 th lh8 rwuSromants ol th8 CharibesAct 2011 (thè 2011 Acti. I r8POrt in r8spe¢t ol my exarninatwjn of the charity's Ilnarti818tatem8nts c8rri8d t under secbon 145 of the 2011 Act. In carrying out my ex8rnThtn I have fdlowed all applicable Directions y'van by th8 Chwty Commlssbn un(Jw tion 14515Mbl of the 2011 ACL Independ¢nt oxamln•es statom•nl Your attention 1$ drawn to the lact that Ihe charlty has wepar•d Ilnan¢W statements In ac¥x)rdanc8 wth A¢wJntlng ond Reporting by Chadtl&s prring their in accordance with the Finanoal Reportitvj Standard applicatAe In the UK and Rewblc of Irdand IFRS 1021 In pr8fergrKe to Iho Acctsjnllng and Reporbng by Chgrrtl98.' St8¢ement ol Racommended Practke Is6ued on 1 nI2005 whith Is ref•fred lo in the extsnt regu18tion$ but has now boèn wlthdravm. l understand thal thls has been done In Offdar fr)r fInarla7 slalam8nls to pr¢)VK$8 a tru8 and fair VI In accordanc wlth Gon¢rally A¢¢epted A¢¢ounting Praclke effecafv¢ l( rep)rting perh)Js beglnnlng on or after 1 January 2015. I have compktèd my gxamlnatlon. l eonffim that Th) matt•rn hav¢ come to my attanthx in connoctlon wtth tho èxAmln8tion giving m• eausè to believ& that In afty materiat respect". ccountlng r8eord¥ wef8 not kept In r•sp8cl of the chanty as r8quirgd by s•ction 130 01 the 2011 W" or the financiBI st8tem8nts do not accord wlth those records.. the flnancL81 statem8rtt# do not Mpty wAth thè appIable requiromènts corKeming the fonD and content of accounts s81 out in the Chaiitses (Accounts and Ropcwtsl Ragulats'ons 28 othar than any requlmmant thÈt the aceounts glv• a true ond 181rvl8w whK is not 8 m8tl•r ¢y)ndered as part of On indopendonl oxaminatlon. I hav8 no cCCoM$ and havt comg acros6 Th) otrr mallers In 1xne)n with the examinatknn to vthlcth attnOn sh¢uld be drawn Sn thls r•ptsrt in order to enablè a prw undarst8ThJing of the $14tements to bo rsa¢hed. Anthony Ep•t•ln FCA Paragon Pattsrs rnIted Churchill Hous8 137- 139 B¥enl Street London NW4 4DJ Dated: 12 Jung 2023
JTAP STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022 Unr••lrl¢t•d Re5tr1ct•d fund• lunds 2022 2022 Total Unr•strlct•d R•strlthd funds funds 2021 2021 Tot41 2022 2021 Not Donations and 76,760 76,760 37,113 4.500 41.613 Charitsble act18 53.36S 53,265 34,814 S,073 39.887 Olhar enditUre 3.764 3.764 1.510 1,510 Total •xp•ndltur• 57,129 57,129 36.324 5,073 41.397 N•t In¢om• for th• y•afl N•t mov•m•nt In fvnd 19,631 19.631 789 1573) 216 Fund balance8 at 1 September 2021 34.196 2,427 36.623 33,407 3,000 38,407 Fund b•lanc•• •t 31 August 2022 53,827 2.427 56,254 34.196 2,427 36,623 The statomont ol finandal acu8$ Ir*Jud¥3 1 galn8 orKI103303 Tec(4nlwd in the yoar. AJI ineome and gYpendttu d•rlve Irom contknuino 8cfvibe8.
JTAP BALANCE SHEET ASAT31 AUGUST 2022 2022 2021 Notes Flx•d a$ts TarKJible ass8t$ 1.226 Cash at bank and in har 55.028 36,623 Net Curyent assets $5.028 36,623 Total •u•t• l••• ¢urr•nt Ilabllhl 56.254 36,623 In¢om• lund• Ro$trKted funds UnM8trfcted lunds 2,427 53,827 2,427 34,196 56.254 36,623 Th• flnanaal s¢atom8nts wgrg apFvov•d by ts Trustths ¢)n 12 Juno 2023 P Slmons Tru•t
JTAP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Aceountlng pollcl•s Charlty Infgm)atlon JTAP is 8 tharitable Incorporated organisatton gtsvem&Y by o)nstitUt Titten on 19August 2019. 1.1 A¢¢ountlng ¢onvwrtlon Th¥ finarrial statements have prepared in a(L(KdarK& wrth the govemirw docxjment, the Charitlès Act 2011 and 'Accounbry and Reportin9 by Charibes.. Statemenl of R9¢0MMend Pr8ctke 8ppIiGqtAe to charitie5 preparin9 theSr aLrounts In accordance wlh the Financial Reporting Standard apIcable in thg VK and Rewbk of Ird3nd IFRS 10211gffecty"v• 1 January 20191". Thè charity is a Publl 8enefil Entity as defined by FRS 102. The charity has tsken athantag8 01 ts prl$lOn$ In lh& SORP for charh6ès png FRS 102 Update 8Ldlètr'n 1 not tg prepar& a St8t8mgnt ofCa8h Fkws. Tho flnandal slatgmenls hava d8parte(J Irom th• Charities {AInt9 and Repottsl R8gylations 2008 only to the extènt required to provid8 a tnJ8 and fair v7w4. Thi$ departura has Invofved I)WIThd the Staltsmenl of R8wrnmeThed Pra¢ll¢e lor charluos appIng FRS 102 rather than thè version of the St8lement of RecommeThJod Practi ref•wred to in the R8guk7llons bth 1c ha$ slnce b86n wllhdrawn. The finan¢lal 8tatements am prepared in stedirw, whth is thè lun¢l¥)nal umnty of the chatlty. Monetary arnounts in Ih8s8 financid ¥la¢em6nts ar• rounded lo thè n¢ar¢81 £. The finandal stalernenls ha been prepared undor thg h16torfe41 wt wnvenuon. The prfnclpal thcewnllng polla•s adop¢ed are sal oui boknv. 12 Golng ¢one•m Al Ihe limg ol approvlng tho finandal ststsrn•nts, Ihe trusttss a reason8U8 exp8ctalon that the charfity has ad81e $ou•S to ¢ontinuo in op•raDonal oxistence for the forese9ae futur•. Thus the trust•o$ conlinue lo adop¢ the ¢c¥eM baS ol In pr8parirg Ihe financial statemsnls. 1.3 Charrtabh fund Unrestricted funds arg avaMabl• lor uso at thè di8On of tho Irustee3 In lurther8nc• of th•ir charilable objectSves. R88lrided fundg are sutlect to SP8ak oxditw)ns by donors as to hrm Ihey may b¢ usod. Thè wrp0668 8Th uses ol the restricted lunds are sel ¢xrt In th8 noi¢3 to the finand81 slatements. Endowmenl funijs are subie¢i to SP8dfic ¢xJr#JNK)ns by dorm that Ihg casNtsI must be m8intain8d by th• th8rity. 1.4 Incom• IncL¥ne is recognised when the charity is Wlly entit$8d to it after any performarTh condltkns have b8an tha amounts can bg rreasured reliably, and it is probable that Inc4N wll ba r1Ved. Cash don?On$ arè recognised on Tlpt. Olh8r donatK)ns ar8 rerywised oncfj thtr chanty has bEerF notified of the donaboll, unless perfoanCe (dIOn5 u&re deferral of trE arnount. Income tax recoverab In ralation to donabon8 rec0 under GrftANJ or deeds of covenant is wnised at Ih8 time ofthe donation. Legados ar8 reo)gnised rlpt or othervAse IF the carity has been rKItifd of an ImpenthrvJ diStriLb.0n, the amount is kno4. and rlpt is eXpett. If the anKMJnt is not krK)wn, th8 Iggaw Is tr98ted as contingent a8s8L
JTAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 A¢countln9 PscI Iconllnu•dl 1.5 ExndItur Resources 0xndl lTrthd in th8 financa81 ststements as they bac0 due. 1.8 Tanglbl• th•d 8s•t• Taryible fixed assats are inrtialty rn•asured at ccot aTrJ subsequenty mèasured at cost or valuation. not of d•wouatK)n any impaim18nt Depreaatlon is recognised so a5 to wriie off th• eost or vd¢Jalk)n of •ss•ts 86 lJ)8lr rvjwdual valu8$ ¢)Vgr ¢heir usfrful lives on the lollovthng bases.. FlxtUM5 and flttsn98 20% balan¢e The gain or loss adslng on the di8posal ol an 8ss01 is d8temiin8d as th8 diffèranc8 betsveen the $91? proceeds and the carying value of the asset. and 18 wnised in the 8latem8nt of financial lIvIlIa8. 1.7 Imp•lrn)ent of Ilx•d •$ts At 8ach reporting end d8t8, the dwnty revlths Ilw amounts of rts taltIe 8s6ets to d8tèrrnlne whether tharè 15 any IndatKsn that Ihos8 a8Sèts h8ve suffered an imp81m)ent bss. If any such indi¢atkJn exlsls. the r¢¢over8tAe amount of the asset is eslimaled in ordèr to determino the extent of the impairment loss lif any). 1.8 Cash and rA•h •9ulval•nt• Cash and e4$h equNalonts include cash in hand, deposits h81d 81 cal wtth banks. othèr short-lerm liquid Inveslmants with orbgln81 maturities of Ihrte months or less, 8nd bank overdrafts. 8ank ovwérafts ara $hown Ihln t4)rrovlngs in cUrrentl'11thts. B•l¢ fln•n¢l•l •M•ts 88$lc finandal assets. whlch include debtors cash and bank b8lanc$s, are inttially m988ured Èt transactn pricg includkng transaction costs And are subwuenlly carried at amorfl'sed cost using tha offocVe Inlaièst melhod unkss the arvangernenl o)n8tstules a financing transactlon, where the tran38cty.on Is measured at th• presenl of the hrture reiPts dis(xJnted at a rna8t rAte of inttsrest. Financial as58ts d8sBthed as rs¢efvabfe whhin year ar• Ml amorusad. Bask Iln4ncl•l Il•bllltles Basic financial liablitles, induding cre(fftor3 and bank k>ang a recDJnts8d ai transacbon price unlesg tho 8rr8noement eonslittrtes a financing tr2nsathn. where Iho d8bt instrumgnt is measured at the present value ol the luture paymenis discounted at a mwket rnt• of intere8t. Fknancial liale8 dassified #5 payabl8 Ihin one ye8r are not arnortised. D•rn¢ognldon ollln•n¢l•l IlablllU• Financial liabilities am derecognised when thè ¢hariVs contraLlual oblljallons explro c* are discharged or cancelled.
JTAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Crltkal accounttng •8tlmats• and Judgwrnnts In tho application of Iho chartV$ a(XTr9 polkiès, Ihe $tee9 are required to make judgem8nts. e$bmatos and assumptions about Ihe canwng amtyjnt of assets and liabt'lib8s Ihat are not rèadity apparent from other sourcos. Th8 gStimat89 and assory8ted assvmptions are based on htOri1 ?¥ienCe and ¢)thgr factors that are ¢onsidered lo be r8kvanL Actual sUM$ may dffler from these estimates. The g¥timates and unw'ng as8umpbons rew6wed on ongoing basls. RWIS9 to 8ectyJn¢ng ostim8tes are r6cogni58d in th6 p8riod in which the asrnate 15 revised vthert the levisn affects only that period. or in the period of Ihe revisM)n and frrtU p9rhS where thè rèvision a(f8cts both current and future Donatlon• and l•gacS9• Unr•strkt•d Unr•1tr•d RtrIct•d fund• fvndo funds Total 2022 2Q21 2021 2021 0¢810n6 And glfts 76.760 37,113 41,613 Charftabl• •¢tMW•• Charllabh Ch•rRabl• EMp•ndhur• EXndItr• 2022 2021 Webslte cosis Book tranallOnS Rabbl ser¥icg5 fees Subscrfpllons Book publlshiNJ and other costs 582 9,993 31,000 1,252 9,476 22.0 321 6,838 39.887 53,365 39,887 Analy$ls by lund Unrestricted ftlnds R8Stri¢ted lunds 53,36S 34,814 5.073 Tru8ts•s of b)e trusi888 lor any p8r8ons them) reCeIv any remuneran of benefits from the c*artty during the year.
JTAP NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Employ••¥ The averagg rncthty number ofemployees during the year was.. 2022 Numbor 2021 Numb•r Volunteers There woro no employeos vth080 annual rnmuneral*)n wa5 than £60.OCN).
JTAP NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Other •xpondltur• Unfestrleted Unrestricted fund¥ funds 2022 2021 Admlnistr81ion expenses Bank charg88 Sundry expen$•s Othèr expgnditur 1.036 70 15 306 3,764 1.s10 Taxatlon The Charity is exernp¢ Irorn lax on incomo And 98ins falling wthin 8ecb"c¥) 505 of the Tax•s Act 1988 or secikjn 252 of the Taxallonol ChargeatAo GainsArA 1992 to Ihe &xt8nl that th•g• arg appll8d to ts charitable objects. Tanglbh flx•d * Flxtur•• •nd b)ttINJ Co•t AddS1ion$ 1.532 At 31 August 2022 1,532 D•pr•cltlon and Imp•lrni•nt DeprecSatth thorged In tho Or 306 At 31 Augu$1 2022 Carrylng afflnt At 31 Aucust 2022 1.226 Investment propert+es rented to another group entity have beon &wunted for usitvJ the (x)¥t model. Thè ¢affn9 value 0fth investment prq)eth iwK4LbJed w#hkn fixed assets is £XkKX12021- £XXXXI. 10_
JTAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 10 Analy818 ol n•t 0¥8•ts betw••n fvnd• Unre¥tricted Restrict•d funds fund$ 2022 2022 Total Unrgstrl¢t•d Rg$trfct•d funds fvnds 2021 2021 Totsl 2022 2021 Fund balanc88 at 31 Augusl 2022 are repre88nt8d by.. TangitA8 a88els Curr8ni a380t81lllabllSb831 1,226 $5,028 1.226 $5.028 34.196 2.427 36,623 56,254 &8.254 34,196 2.427 36,623 11 R•lat•d party tran•&ctlon• Thoro wern no di¥do8able f•lat*d party transgction$ dwirvJ th• ypar.