FRIENDS OF PROGRESSIVE JUDAISM IN ISRAEL AND EUROPE
Annual Report and Accounts
for the year ended
31 December 2021
FRIENDS OF PROGRESSIVE JUDAISM IN ISRAEL AND EUROPE
| Contents Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 |
Details
Charity
Friends of Progressive Judaism in Israel and Europe (Registered Charity #241337)
Trustees
Rabbi Daniel Rich (appointed October 2021) Lenka Murphy (appointed October 2021) Jane Greenfield (appointed October 2021) Paul Silver-Myers (appointed June 2022)
Rabbi Charley Baginsky (resigned October 2021) Mrs Susan Terpilowski (resigned October 2021)
Registered Office
FPJIE The Montagu Centre 21 Maple Street London WIT 4BE
Page 2
FRIENDS OF PROGRESSIVE JUDAISM IN ISRAEL AND EUROPE
Charitable objectives
The trustees present their annual report with the accounts of the charity for year ended 31 December 2021.
REFERENCE AND ADMINISTRATION DETAILS
The charity was registered on 29 March 1965. The charity's objective of the Charity is to raise awareness of the needs of Progressive Jewish institutions in Israel and Europe (including the former Soviet Union) and to provide financial support for these institutions and the charitable work they perform.
We meet this objective by keeping our donors and potential donors informed of the Charity's activities on a regular basis and by holding normally three appeals each year.
The trustees in office during the year are listed on page 2 of the accounts.
ACTIVITIES
The charity principal activities during the year were as described in its objectives.
FINANCIAL REVIEW AND POLICIES
The charity had net incoming resources, and therefore net positive movement in funds, for the year of £7,721 (2020: net outgoing resources of £17,677)
The Charity aims to maintain its unrestricted reserves at a level sufficient to cover foreseeable short-term shortfalls, and any temporary deficits in specific restricted reserves. At 31 December 2021 the total of all funds in deficit was £1,418 (2020: £1,880), against an unrestricted funds surplus of £20,713 (2020: £18,565).
FUTURE PLANS
It is the intention of the trustees to continue to operate the charity on a similar basis. The trustees therefore anticipate that the company's activities will remain unchanged during the year ending 31 December 2022.
Page 3
FRIENDS OF PROGRESSIVE JUDAISM IN ISRAEL AND EUROPE
Trustees’ responsibilities
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the applicable Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed.
They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on 20 October 2022 and signed on their behalf by
Rabbi Danny Rich, Chair
Page 4
FRIENDS OF PROGRESSIVE JUDAISM IN ISRAEL AND EUROPE
INDEPENDENT EXAMINER’S REPORT
I report to the trustees on my examination of the accounts of the above charity (“the Charity”) for the year ended 31 December 2021
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 (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).
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 understanding of the accounts to be reached.
Ben Crowne ACA – 20 October 2022
Page 5
FRIENDS OF PROGRESSIVE JUDAISM IN ISRAEL AND EUROPE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted 2021 Notes funds £ Incoming resources Voluntary Income 7,243 Investment Income 1 Total incoming resources 7,244 Expenditure on: Charitable activities 2 - Administration expenses 2 (5,096) Total resources expended (5,096) Net income/(expenditure) and net movement in funds 2,148 Reconciliation of funds: Total funds brought forward 18,565 Transfer between funds - Total funds carried forward 30,713 |
Restricted 2021 funds £ 43,558 - 43,558 (37,985) - (37,985) 5,573 3,175 - 8,748 |
Total £ 50,801 1 50,802 (37,985) (5,096) (43,081) 7,721 21,740 - 29,461 |
2020 Total £ 54,384 10 |
|---|---|---|---|
| 54,394 | |||
| (67,011) (5,060) |
|||
| (72,071) | |||
| (17,677) 21,740 |
|||
| - 21,740 |
The notes on page 8 form part of these accounts.
Page 6
FRIENDS OF PROGRESSIVE JUDAISM IN ISRAEL AND EUROPE
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021
| Notes Current assets Investments Debtors (Gift Aid) Cash at bank and in hand Current liabilities Amounts falling due within one year Net current (liabilities)/assets Reserves Unrestricted Reserve Restricted Reserve – Akko Restricted Reserve – FLBC-H Restricted Reserve – GHIS Restricted Reserve - IRAC Total Reserves |
2021 Total (£) 3,270 3,044 37,291 |
2020 Total (£) 3,270 6,080 18,471 |
|---|---|---|
| 43,605 (14,143) 29,461 20,713 10,166 - - (1,418) 29,461 |
27,821 (6,081) |
|
| 21,740 18,565 5,055 - - (1,880) 21,740 |
Approved by the trustees on 20 October 2022 and signed on their behalf by:
Rabbi Danny Rich, Chair
Page 7
FRIENDS OF PROGRESSIVE JUDAISM IN ISRAEL AND EUROPE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
1 Accounting policies
1.1 Basis of preparation
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with the ‘Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). The Charity constitutes a public benefit entity under FRS 102.
Going Concern
At 31 December 2021 the Charity had net assets of £29,461 (2020: £21,740). The accounts have been prepared on a going-concern basis. The trustees consider that this is justified based on the Charity’s surplus position and the low level of overhead costs.
1.2 Incoming and Expended resources
All incoming resources are accounted for when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Grants and donations are included in the accounts when receivable unless the donor has specified otherwise. All expenditure is accounted for on an accruals basis.
2 Resources expended
| Charitable Activities Israel - Akko Israel – Friends of Leo Baeck College (Hebrew) Israel - Givat Haviva International School Administration Expenses Administration Sundries |
2021 Total (£) 37,985 - - 37,985 5,000 96 5,096 |
2020 Total (£) 65,005 118 1,888 |
|---|---|---|
| 67,011 5,000 60 |
||
| 5,060 |
3 Taxation
As a registered charity, the charity is potentially exempt from to the extent that all income and gains are applied exclusively to charitable purposes.
Page 8