Lai LEO BAECK INSTITUTE LONDON for the Study of German-jewish History and CuLture LEO BAECK INSTITUTE LIMITED (Limited by Guarantee) Company no: 766699 Registered Charity no: 235163 Report and Financial Statements for the year ended 31 December 2023 LEO BAECK INSTITUTE LIMITED Contents Page Legal and Administrative Information Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Note5 forming part of the Financial Statements io li 12-16 LEO BAECK INSTITUTE LIMITED Legal and Administrative Information Constitution Leo Baeck Institute Limited is a company limited by 8uarantee (Company number.. 7666991 and a re81Stered charity Icharity number.. 2351631 governed by its memorandum and article5 of association. Dlrectors and Twstees The directors of the charitable company I'the Charity or LBI London'l are its trustees for the purpose of charity law and throughout this report are collectively referred to a5 the "Trustees" The Trustees are elected annually by the members of the Charity attendin8 the Annual General Meetin8 and serve for a period of one year. The Trustees serving during the year and since the year end were as follows.. Prof. D Rechter- Chairman Dr. S. Adler Prof. C Gelbin D Goldsmith Ires18ned 31 December 20231 S Myers (appointed l January 20241 Treasurer Rabbi Baroness J Neuberger DBE Prof. Or S Schuler-springorum Instltute Dlrector Dr. J Cronin (appointed I September 20231 Operatlonal and reglstered office address Up to 11 April 2024 2nd Floor Arts Two BL¢ildinB Queen Mary, University of London Mile End Road London El 4NS From 11 April 2024 44 Russell SqLtare London WCIB 4JP Independent Examlner Harold Lipman FCCA 35, Oak Lodge Close Stanmore Middlesex HA7 4QB Bankers Coutt5 & Co 440 Strand london WC2R oas Page I LEO BAECK INSTITUTE LIMITED Report of the Trustees for the year ended 31 December 2023 The Trustees, who are also directors of the Charity for the purposes of the Companies Act, present their report together with the independently examined accounts for the year ended 31 December 2023. The Trustees have adopted the provision5 of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities" IFRSSEI in preparing the annual report and financial statements of the Charity. Structure. ¥overnance and management The Charity is constituted as a company limited by guarantee and is therefore governed by its memorandum and articles of as50Clation. A Board of Trustees of up to seven members, who meet periodically, governs the charity. An Institute Director and a Treasurer are appointed by the Trustees to manage the day-to-day operations of the Charity. All the directors of the company are 3150 Trustees of the Charity and there are no other trustees. All of the Trustees named on page I served throughout the year, except as noted. Rlsk management The Trustee5 actively review the major risks which the Charity faces on a re8ular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial Systems, will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks faced by the Charity and confirm that they have established system5 to mitigate the significant risks. In line with other charities, investment performance, since the start of the COVID-19 outbreak, has been disappointing. Any reduction in short- term investment valuation fluctuations will have no impact on the operations of the ongoing activities of the Charitv. Oblectlves and actlvltles The objects of the Charity are to advance the education of the public in all aspects of the history of German speaking jews and to undertake and promote research into this subject. The principal activities continue to relate to the publication of the Leo Baeck Institute Year Book and the organisation of conferences, seminars and lectures as well as the publication of web-ba5ed academic content. The Leo Baeck Institute Year Book is an academic publication consisting of original research articles. Page 2 LEO BAECK INSTITUTE LIMITED Report of the Trustees for the year ended 31 December 2023 (continued) Public benefit In setting objectives and planning activities the Trustees have given careful consideration to the Charity Commission's general 8uidance on public benefit. The strategies employed to achieve the Charity's aims and objectives are to.. Promote and organi5e a series of lectures, seminars and workshops Publish web-b35ed academic content throughout the year furthering the understanding of the history of German speaking Jews throughout the world Open these aCtivit￿e5 to members of the public and other interested parties Participate actively with universities and other research organi53tions to provide enhanced education opportunities in the study of German jewish and European history Publish the Leo Baeck Institute Year Book. Achievements and performance The following work was undertaken by the members of the LBI in support of its academic aims and mission: Leo Baeck In5tltute Year Book 2023 LBI London has successfully published another volume of it5 Year Book Ioxford University Press) in this hi8hly acclaimed series, which began in 1956. The journal continues to present original research in the field of German-jewish history and culture. It remains the most distinguished public3tion in its f5eld, enjoying ever increasing approval and subscription rates. Schriftenrelhe des Leo Baeck Instltutes In 2023, the following titles were published in this book series by Mohr & Siebeckl, in collaboration with LBI London - 'On the Transcultural Nature of Jewish Periodicals.. Interconnectivity and Entanglements, by Susanne Marten-Finnis and Michael Nagel and 'Wahlverw3ndtschaften.' Kulturgeschichte der Freundschaft im deutschen Judentum, 1888-1938, by Philip Lenhard. A further volume is currently in preparation and will appear in the spring of 2024 - 'Martin Schreiner 8etween Islamic Studies and "Wissenschaft des JLsdentums": Reconstructing his Scholarly Biography, by Sabine Schmidtke. German-jewlsh Culture Book Serles In 2023, this series, a collaboration between Indiana University Pre55 and LBI London published - 'We will Never Yield.. Jews, the German Pre55, and the Fight for Inclusion in the 1840s', by Dr David A. Meola. The LBI London Lecture Series 2023 In collaboration with the German Historital Institute London, L81 London offered its usual series of well- attended public lectures. The theme of the 2023 series was The Good, The Bad and The Ugly.. Myth, Images and Imaginings about Jews,. It comprised five lectures which explored the narrative connections between images and political and normative ideas about Jews in the context of beauty, ugliness and morality. Offering a wide range of historical, social and art15tic perspectives, the lectures were aimed at academics and students from variou5 scholarly backgrounds and ir5terested members of the public in an effort to reach out, inform, educate and stimulate discussion. All talks were held in person and were simultaneously streamed online, via Zoom. Page 3 LEO BAECK INSTITUTE LIMITED Report of the Trustees for the year ended 31 December 2023 (continued) The LBI Fellowship Progrdmme Two LBI Fellowship workshops for international doctoral candidates in our field of research were held, as usual, in collaboration with the Studienstiftung des deutsthen Volkes. The programme, which is run together with the Studien5tiftung and is financed by the German Government, offers an opportunity for young scholars to present their work, exchange knowledge and strengthen and promote a network of the next Eeneration of researchers and academic5. As in previous years, both seminars were held as online events on Zoom in lune and November 2023. These online exchanges provided the Fellows with a much-welcomed opportunity to showcase and discuss their projects and proved to be fruitful. Further Public Events The LBI Summer Lecture 'German lew5, English Gentry.. The Messel Family and the Cultural Expression of Changing Identity, by Dr John Hilary was held in collaboration with the German Historical Institute London and the Oxford University Jewish Country House Project. It explored the history of the German- Jewish Messel family at Nymans, their famous West Sussex Country House and Garden. The event enjoyed popularity among a broad audience and was well attended, both in person and online. The LBI Biennial Lecture 'The Shoah and the Tragedy of A55imilation' was delivered in November 2023 by Prof. Simon May. It represented the first collaboration with LBI London's new academic partners Birkbeck, Univer51ty of London and w3$ held at Birkbeck's Keynes Library. The lecture was well attended and w05 followed by a lively discussion with audience5 both in the room and online. It is avoilable as a recording on the LBI London's website. The L81 London's exhibition The Secret Paths of Provenance Stories Beyond the Text, w35 held at Queen Mary's Main Library in Mile End between November 2023 and January 2024, as an offshoot of the larger international interactive project 'Library of Lost Books,, organised by LBI London in partnership with LBI jerusalem. This exhibition focused on the LBI'S own library and explored what can be learned from tracing the journeys of items in this collection by looking at bookplates, signatures and other markings left inside by their owners, the institutions they have come from, and the reader5 who have engaged with these books in the past. A networking event for librarians, educators, schoolteachers and other interested parties from across the UK was held in December 2023 in collaboration with the Wiener Holocaust Library at their Central London premises, in preparation for the 'citizen science, aspect of LBI London's collaborative international online exhibition and research project 'Library of L05t Books,. Soclal Media Projects LBI London and LBI Jerusalem have been collaborating on a highly innovative online exhibition and citizen science project which Seeks to educate the public about the 'Hochschule fur die Wis5enschaft des Judentums,. It 15 dedicated to the international search for the lost books from the Hochschule's library that were subject to theft and destruction by the Nazis. The project is scheduled to run in a hybrid format including online and physical exhibitions and installations worldwide in 2023 and 2024. An interactive website and online exhibition, together with a research portal, was created for this purpose and a launch event for thi5 multi-faceted project was staged at the Sta3tsbibliothek in Berlin in November 2023. Further events and in-situ exhibitions and installations are planned in Prague, London and Frankfurt and further afield in 2024. Page 4 LEO BAECK INSTITUTE LIMITED Report of the Trustees for the year ended 31 December 2023 (continued} The web-based 'Snapshot5 of German Jewish History, based on material from the historical LBI London Pamphlet Collection continue to provide, at regular intervals, highly visual introductions to a variety of topics of German-jewish history and culture online. Topic5 in 2023 included 'international Women's Day at LBI London.. A Gallery of German-jewish Women, and 'On Provenance, Print5 and People A Stroll through L81 London'5 Secret Art Gallerv,. The 'LBI Film Club,, another online project offering LBI friends and members free access to selected thought-provoking films linked to the German-jewish and Israeli experience, equally continues to thrive with offerings throughout the year. These projects together with the now habitual live-streaming and recording of all of LBI'S public events have enabled L81 London to expand its public reach significantly and will remain part of our future programming. LBI London Pamphlet Collection- Dlzltlzation Programme LBI'S long-term efforts to preserve and digitise its historical London-based pamphlet collection were completed in 2023 and the process of ingesting the di8ltised material onto 'DigiBaeck', the online archive of L81 New York, has now begun. Once the work is completed, the collection will be accessible online for research purposes and to the general public. FSn3ncial review Total incoming resources for the year amounted to £335,158 which represents a decrease of £10,778 over the previous year. Total resources expended increased from £283,459 10 £356,734. The major part of the increase has been due to the expense of carrying out two large projects, Pamphlet Digitizalion and the Online Exhibition. There was also an increase in staff costs with the appointment during the year of the new Institute Director. However, the continued application of strict controls over spending limit5 and budgeted expenditure has enabled other outgoing rewurces to be kept within reasonable bounds for the level of activity over the year. The General Fund increased by £74,666 which includes £50,897 of unrealised investment gain on the Charity's investments. This gain was the result of the general upward movement in the investment market affecting the value of investments held at the year end. During the year the Trustees approved a further allocation of £51,208 to the Designated Fund, set up in 2022 to finance the tost of the 'Pamphlet Digitization Project £90,261 was utilised during the year and the balance of £6,292 was transferred back to the General Fund. The net result for the year was an overall net movement in funds of £29,321. Investment policy and performance Under the memorandum and articles of association, the Charity has the powei to make any investment which the Trustees see fit. The investment strategy has been reviewed and the bulk of cash reserves are invested on dep051t with Coutts Bank and in Bond Funds and Equity Fund5, which are both held through Sarasin & Partners. Page 5 LEO BAECK INSTITUTE LIMITED Report of the Trustees for the year ended 31 December 2023 (continued) Reserves policy The major source of funding received by the Charity is from the Leo Baeck Institute Central Fund, a foundation based in Germany, which is funded as part of Jewish Restitution payments from the German Central Government. The Trustees believe that this source of funding will continue for the foreseeable near future. With regard to this, the Trustees operate a policy to maintain unrestricted funds, which are the Charity's free reserves, at a level which equate5 to at least six months expenditure in the unrestricted fund bearing in mind movements in unrealised investments. This will allow the Charity to Sustain ils operation in the event of funding from the Leo Baeck Institute Central Fund being curtailed temporarily. The present level of funding is adequate to support the continuation of operations for the medium term, and the Trustees consider the Charity's finoncial position to be satisfactory. Further Developments at LBI London The temporary loan (since April 20171 of the LBI'S Arnold Paucker Library to the 'Closed Access, Section of Queen Mary University's Mile End Main Library, where this collection of books is included in the Library database and is accessible to students in the reading room, was extended by yet another year in 2023. LBI continues to work on the administration of the Library and other archive material and remains active in its fundraising efforts, approaching both public foundations and potential private donors equally. The position of Institute Director of LBI London, vacant since the departure of Dr. Daniel Wildmann in September 2022 was filled in September 2023. The new director of LBI London is Dr. Joseph Cronin. Plans for future periods In 2024 LBI London will continue to offer the LBI Lecture Series to the public free of charge. Its latest series 'Outsiders in German-lewi5h History, will seek to uncover the shared experiences of individuals and communities who found themselves on the margin5 of society. Transcending both lime and geography, talks will offer different perspectives on the resilience and tenacity of those who have grappled with the challenges of being outsider5. The series is again organised in cooperation with the German Historical Institute London. The digitized L81 London Pamphlet collection will be embedded into the DigiBaeck online archive of LBI New York in the course of 2024. The project aims to conserve fragile items and enhance access to thi5 unique collection of historical sources. LBI London will also continue its role in the 'Library of Lost Books, project. This project, which comprises physical exhibition5 and an online campaign, traces the paths of the 105t and dispersed books of the Hochschule fur die Wissenschaft des Judentums, which was forcibly closed by the Nazis in 1942. Together with its partner LBI Jerusalem, LBI London will prepare the associated online campaign and various physical installation5 worldwide. The LBI Summer Lecture 2024, organised in collaboration with the German Historical Institute London, will be delivered by Prof. Dan Stone and will focus on his new project on psychoanalysis and Holocaust survival. Page 6 LEO BAECK INSTITUTE LIMITED Report of the Trustees for the year ended 31 December 2023 (continued) A workshop led by Prof. Atina Grossmann is planned for July 2024 collaboration with the Birkbeck Institute for the Study of Antisemitism IBISAI. It will focus on the experiences of Jewish refugee5 in the British Empire during World War Two and will feature contributions from experts in this field. LBI London will continue to offer its web-based project5, the 'LBI Film Club, and the 'Snapshots of German-jewish History and Culture, during 2024. These online projects provide popular and much praised content for its members and friends, for academia and the general public. They are a150 available via the LBI'S various social media channels (Facebook, Twitter, Insta8ram and YouTubel. A new generation of young scholars has once more been selected for the LBI Fellowship Programme 2024125 and the Chority is reviving its support of exceptional doctoral candidates in the field with a new PhD Studentship in collaboration with Birkbeck, University of London. LBI'S publishing programme will continue with further volumes of the 'LBI Year Book,, 'Schriftenreihe Wis5enschaftlicher Abhandlungen des Leo Baeck In5tituts' and our 'German-Jewish Cultures, book series. In the spring of 2024, LBI London relocated from its home of thirteen years at Queen Mary's Mile End campus to ils new Central London premises at 44 Russell Square, London WCIB 4JP. Page 7 LEO BAECK INSTITUTE LIMITED Report of the Trustees for the year ended 31 December 2023 (continued) Trustees, rewnsibilltles In relation to the Ilnancial ststements The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. The Trustees are required to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice Iunited Kingdom Accounting Standards and applicable lawl. The financial statements are required by law to 8ive a true and fair view of the state of affairs of the Charity and of its incoming resources and applicatlon of resources for that period. In preparing those financial statements the Trustees are requlred to: Select suitable accounting policies and then apply them consistently Make judgements and estimates that are reasonable and prudent State whether applitable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and Prepare the financial statements on the goin8 concern basis unless it Is inappropriate to presume that the charity will continue in operation. The Trustees are responslble for malntalning adequate accounting records. which dlsc105e with reasonable accuracy at any time, the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Art 2006. They are also responsible for safeguarding the asset5 of the Charlty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities Approved by the Board of Trustees on 16 August 2024 and si8ned on its behalf by: Prof D Rechter Chairman Page 8 LEO BAECK INSTITUTE LIMITED Independent Examiner's Report to the Trustees of Leo Baeck Institute Limited I report to the Charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2023, which are set out on pages 10 to 16. Responsibilities and Basls of Report As the Charity's Trustees (who are also the directors of the Company for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061"the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Art and are eligible for independent examination, I report in respect of my examination of your Charity's accounts as Carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination, I have followed the directions given by the Charity Commission (under section 14515llbll of the 2011 Act. Independent Examlner's statement I have conipleted my examination. I tonfirm that no material matters have come to my attention which gives me cause to believe that.. Accounting records were not kept in accordance with section 386 of the Companles Act 2006 or The account5 do not accord with such records or The accounts do not comply with the relevant accounting requirements under sectlon 396 of the Companie5 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination or The accounts have not been prepared in accordance with the Charities SORP IFRS1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Harold Lipman Chartered Certified Accountant 35 Oak Lodge Close Stanmore Middle5ex HA7 4QB 16 August 2024 Page 9 LEO BAECK INSTITUTE LIMITED Statement of Financial Activities for the year ended 31 December 2023 Summary Income and Expenditure Account 2023 Deslinatfjd F￿n0$ 202Z esigpotsd Funds Unre#rl¢ted Fvnd5 Total Funds Unre5trlrted Funds Totol Funds Note Income from.. Donations ènil legacles 2&11 255,100 27,702 1,121 27 51,208 306.308 27.702 1,121 27 33?,949 39,687 67 73,233 306,182 39.687 67 Other TotallncomSni reS0￿r￿S 283.950 51,208 335.158 Z72.7U3 73.233 345,936 Exp•Trdlturq on.. 6&11 266,473 90,26L 356,734 255,571 27A88 283.459 Total r4soyr¢•5 expended 26S.473 90.261 356.71dl 255,5YI 27.888 2B3,459 N•t In£om•ll•Kp¢n(titurEI 17.477 189,0531 121,5761 17,132 45.345 62,477 Oth•r tewinlsed i•ln$4nd IlossÈ$l 50.897 50,897 164,1501 Investment asse15 164.1501 Tr•nil•rfrom d•51init•d lunds li 6,292 16,2921 N•t movem*nt Infund5 74,666 145,3451 29,321 147.0181 45.345 11,6731 Reconclllatloh of Fynd$ Total lunds brought forward 234,977 529,031 764,008 281,995 483,686 765.681 Total lund5 ¢•rrled lorw•rd 309.643 483,686 793.329 23rf.977 S29,Q31 764.001 The note5 On pa8e$ 12 to 16 form part of these berounts Page 10 LEO BAECK INSTITUTE LIMITED Balance Sheet as at 31 December 2023 (Registered Charity No: 235163) 2023 Fixed assets-tanglble assets Officefurniture & equlpment, at cost less depreciatlon Inv•stments io 632,26S 581.368 Current Ass•ts Cash at bank aTrd In haftd Accrued Income Otherdebtors 149,452 15,996 4,614 170,062 IZ3,550 17,859 54,630 Cwr•nt U4blllt1•5 Amount5 ts111ry du• TAlthSn