| Page | |||
|---|---|---|---|
| Legal snd Pmfesslonal | InlbrmeUon | 1-2 | |
| Chslrrnsn's Saremsnt |
|||
| Report of the Directors | 6-21 | ||
| Report ofthe Independent | Auditors | 22-24 | |
| Statement ofFlnandal | Actlvldes | ||
| Balance Sheet | 26 | ||
| Statement ofCash Flow | 27 | ||
| Notes to the FSMnolel | Statements | 2842 |
| Ste hen Moss CBE | (Chairman) | (Chairman) | a | lnted | 07/09/2010 | ||
|---|---|---|---|---|---|---|---|
| Lord Leigh of Hurl | (President | a | Inted | 29/06/2015 | |||
| David Karat | ap | Inted | 29/10/2012 | and retired | 20/04/2020 | ||
| Michael Kar |
a | olnted | 21/01/2015 | ||||
| Ellxabeth Crossick | (a | inted | 29/06/2015 | ||||
| Shirie Soskln |
a | olnted | 29/06/2015 | and retired | 07/2020 | ||
| ProfessorSer o DellaPer |
la | a | ointed | 28 01/2019) | |||
| Professor Jonathan | Haskei | a | olnted | 28/10/2019) | |||
| Mlles Webber | a | olnted | 17/04/2020 | ||||
| Hgda Worth | (ap | Inta d | 06/07/2020 | ||||
| William Ben(amln |
(a | pointed | 06/07/2020) |
| Date | Cgent | Detag | |||||||
|---|---|---|---|---|---|---|---|---|---|
| January | Dangoor | Leadership | Programme | Presentation | on key trends In UK Jewish |
||||
| (Lead, | UK) | community | to participants On UK Jewish |
||||||
| communi s leadership tralnln r ramme. |
|||||||||
| Israel Ambassador | to UK | Presentation | about antlsemltlsm in the UKto malar |
||||||
| community | leaders and donors at the |
||||||||
| Ambassador's | residence ln London |
||||||||
| UJIA Leadership | Programme | ILead, | presentation | on key trends In UK Jewish |
|||||
| Manchesterl | community | to participants on the Manchester |
|||||||
| Jewish community's senior leadership training |
|||||||||
| o ramme. | |||||||||
| South | Manchester | synagogues | Presentation | on key trends In UK Jewish life to lay |
|||||
| and professional leadership of a group of |
|||||||||
| synagogues | In south Manchester working together |
||||||||
| an a shared | lan for the area. | ||||||||
| Kenton Synagogue | Presentation | on key trends In UK Jewish life to |
|||||||
| synagogue members es part of the community's |
|||||||||
| adult education r ramme, |
|||||||||
| March | south | African | Jewish | leadership, | Presentation | of research on the South African |
|||
| Johannesburg | Jewish population to help Inform community |
||||||||
| lannln across the coun |
|||||||||
| June | European | Commission | working | Presentation | outgnlng key approaches to |
||||
| Group | on | Antlsemltlsm | measuring antlsemltlsm as part of a pan-European |
||||||
| Initiative by |
the European Commission to Improve |
||||||||
| research on | antlsemltlsm In all EU Member States. |
||||||||
| July | Jewish | Medical | Association | Presentation | of data on Jewish mortagty from |
||||
| COVID-1.9to medical practitioners In the UK |
|||||||||
| september | Central council | of | Jews | In Germany | Presentation | of data on Jewish mortality from |
|||
| COVID-19 In | Germany, with comparisons to Jewish |
||||||||
| populations | elsewhere around the world, to help |
||||||||
| Inform the German Jewish communl s res nse. |
|||||||||
| Jewish | Leadership | Council | Presentation | of early insights from JPR's COVIU-19 |
|||||
| survey, attended by senior leaders of Jewish |
|||||||||
| crganfsatlons | from across the community to help |
||||||||
| Inform the comrnu s res nse. |
|||||||||
| October | ONce | ofthe Chief | Rabbi, UK | Presentation | of early Insights from JPR's COVID-19 | ||||
| su, attended b the Chief Rabbi and his staff to |
| for the year ended 31 | D | ecember | 20 | 20 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Permanent | Total | Total | |||||||
| Note | Unrestricted | Rsstrlcled | Endowment | Funds | Funds | ||||
| Funds | Funds | Fund | 2020 | 2019 | |||||
| 6 | 6 | 6 | 8 | 6 | |||||
| krcomlng and endowments |
from: | ||||||||
| Donagons and legartes | 2 | 260,908 | 280,906 | 123,804 | |||||
| Investments | 3 | 110,681 | 110,681 | 153,347 | |||||
| Chsrkable aokvltles |
4 | 262,216 | 260,615 | 522,831 | 420,949 | ||||
| Total Income and endowments | 833,603 | 260,616 | ~694418 | 698 100 | |||||
| Expenditure on: |
|||||||||
| Cost of generaUng funds: |
|||||||||
| Ralslng funds | 108,905 | 106,905 | 126,644 | ||||||
| Chsrkable acgvkles |
426,951 | 282,611 | 22,928 | 732,490 | 612,268 | ||||
| Totalexpsndkure | 5 | 633.866 | ~282 611 | 22 928 | ~839395 | 737,903 | |||
| Inveslmenl return; net |
of | reagsed | and | ||||||
| unresgsed (gains)/losses |
14 | ||||||||
| Net Income/(expenditure) | 8 | 99,947 | (21,996) | (51,881) | 26,070 | 237,364 | |||
| Transfer between funds |
19 | (21,998) | 21,996 | ||||||
| Net movement In funds |
77,961 | (61,881) | 26,070 | 237,364 | |||||
| Reconclgatlon offrmds: |
|||||||||
| Total funds brought forward |
352,393 | 2,727,766 | 3,080,149 | 2,842,785 | |||||
| Total funda oarrled forward | 20 | 430,344 | 2,675,875 | 3,106,219 | 3,080,149 |
| as at 31 Decemb | er | 2 | 020 | |||||
|---|---|---|---|---|---|---|---|---|
| Notes | 2019 | |||||||
| 6 | 6 | |||||||
| Fixed assets | ||||||||
| Intangible assets | 12 | 6,810 | 8,640 | |||||
| Tangible assets Investments |
13 14 |
20,489 | 8,621 ~2793,384 |
|||||
| 2,777,877 | 2,808,626 | |||||||
| Current assets | ||||||||
| Debtors | 'IR | 68,783 | 16,181 | |||||
| Cash at bank and | In | hand | 342,108 | 347,136 | ||||
| 400,891 | 363,317 | |||||||
| Creditors: amounts | falling due | |||||||
| wlthln one year | 16 | (72,549) | (91,793) | |||||
| Net current assets | 328,342 | 271,624 | ||||||
| Total assets less | current | |||||||
| Rsbllltles | 3,108,219 | 3,080,149 | ||||||
| Nst assets | 20 | 444 13 |
3 | 3 14 |
||||
| Furl de | ||||||||
| General funds | 280,344 | 362,393 | ||||||
| Designated funds Total unreslricted |
funds | 17 | 133M 430,344 |
362,393 | ||||
| Permanent endowment |
funds | 18 | 2,676,876 | 2,727,766 | ||||
| Reslrloted funds |
19 | |||||||
| Total funds | 20 | 13 | 3, | 143 |
| (ACompany Umlted by O Statement ofCash Flow as at 31December 2020 |
uarantes) | |||
|---|---|---|---|---|
| Note | 2020 | 2019 | ||
| Net cash flaw from operating actlvltles |
8 ~HI |
8 ~70 5 |
||
| Cash flaw from Investing | aodvtdes: | |||
| Psymenta to aoqulre tangible gxsd assets |
(19,796) | (4,426) | ||
| Income from Investments | 100,000 | 168,760 | ||
| Payment of Investment managers fees |
22,928 | |||
| Net cash flow from Investing actlvhles |
188,258 | |||
| Net Increase / (decrease) |
In cash and cash | equivalents | (6,028) | 17,708 |
| Cash and cash equlvalenbr | at 1 January | 347,136 | 329,430 | |
| Cash and cash equivalents | et 31 December | 84,1 | ||
| Cash and cash equivalents | consists of: | |||
| Ceah at bank snd h hend | 342,108 | 347,136 | ||
| Cash and cash equivalents | at 31 December | 347,136 |
| Income | from | investments | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2020 | 2019 | |||||
| Funds | Funds | Total | Total | |||||
| E | E | E | E | |||||
| General | bank | Interost receivable | eee | 1,092 | ||||
| Income | from | MCA perrrenent | endowment | fund | 110,116 | 110,116 | 152,266 | |
| 110681 | 110,681 | 163347 |
| Uraestrlotsd | Resblctsd | 2020 | 2019 | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Total | Total | |||||
| E | F. | E | E | |||||
| Research | pm)sets | snd | sales | ofreports | 262 216 | 260616 | 622 831 | 420 949 |
| (note 19) |
| Tohi expenditure | ||||||
|---|---|---|---|---|---|---|
| Activities | ||||||
| Undertaken | ||||||
| Dlrscuy | Bupport Casts | 2020 | ||||
| Total | ||||||
| E | ||||||
| Costs dtrectly allocated to actlvtdes: | ||||||
| Fund raising for dorarUons | 69,203 | 37,702 | 106,906 | |||
| Research project costs | 263,769 | 28,822 | 282,811 | |||
| Lectures alki ssnllhsm | 24,637 | 2,872 | 24,537 | |||
| Research and organlsatlonal | development | costs | 309629 | 115713 | 425342 | |
| 657 158 | 186,109 | 839 395 | ||||
| The fofowlng are the support coals allocated to actlvlUsrk | ||||||
| 2020 | ||||||
| Total | ||||||
| Bad debts | 760 | |||||
| Database | 2,156 | |||||
| Staffcosh | 61,929 | |||||
| Premises | 51,866 | |||||
| General offlce costs | 29,163 | |||||
| DepredaUon and leasehold |
amorUsstlon | 7,948 | ||||
| Bank charges end exchange | rale dUference | (128) | ||||
| Legal and professional | 6,509 | |||||
| Inveslment manager's |
fees | 22,928 | ||||
| Audllors rercunerstlon |
11,168 | |||||
| Amorthatlon oftrade rcarks |
830 |
| Expendhure on |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Charitable | ||||||||||
| Activl ties: | ||||||||||
| research, | ||||||||||
| Cm or | pub g catt one, | |||||||||
| Raising | meetings & |
|||||||||
| Funda | dlasemlnstlon | 2019 | ||||||||
| Total | ||||||||||
| 6 | ||||||||||
| Costs directly sgocated | to actlvltles: | |||||||||
| Fund ralslng | for donaUons | 87,542 | 87,642 | |||||||
| Research pro)sct coals | 229,307 | 229,307 | ||||||||
| Lectures end seminars | 27,060 | 27,080 | ||||||||
| Webelte and ITcosts | 10,927 | 10,927 | ||||||||
| Database | 2,046 | 2,046 | ||||||||
| Support costs agocatsd | to | actlvltles, | ||||||||
| Staff coats | 8,566 | 85,650 | ||||||||
| Premlsee | 4,947 | 44,527 | 49,474 | |||||||
| Research and onlenlsalknel | development | costs | 16,284 | 146,662 | 152,836 | |||||
| Geneml offlcs costs | 3,048 | 27,428 | 30,476 | |||||||
| Depredegon | 221 | 1,988 | 2,209 | |||||||
| Sank charges snd exchange | rale differenc | 237 | 2,134 | 2,371 | ||||||
| Legal end pmfesskrnal | 1,023 | 9,208 | 10,229 | |||||||
| Investment | manager's | fees | 2,393 | 21,640 | 23,933 | |||||
| Auditor'a rsmuneraUon |
1 | 311 | 11,802 | 13,113 | ||||||
| AmorUe stion | 83 | 747 | 830 | |||||||
| 125 | 644 | 812259 | 737903 | |||||||
| Agocagon ofexpenditure | accordhg tc funds: | |||||||||
| 2020 | 2019 | |||||||||
| Total | Total | |||||||||
| 8 | 6 | |||||||||
| Unrestricted | funda | 533,866 | 481,912 | |||||||
| Reetrtcted funda (note |
19) | 282,611 | 232,058 | |||||||
| Permanent | endowment | funds | 22,928 | 23,933 | ||||||
| 839396 | 737,903 |
| 2020 | 2019 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tetal | Tots I | |||||||||||
| 8 | 6 | |||||||||||
| Legal and | professional | 6,609 | 10,229 | |||||||||
| Auditor's | remuneraUon | 11,188 | 13,113 | |||||||||
| 17677 | 23342 | |||||||||||
| 7 | Auditor's | remuneration | ||||||||||
| 2020 | 2019 | |||||||||||
| Total | Total | |||||||||||
| 6 | 8 | |||||||||||
| Audit of Ihe Charily's | annual | accounts | 7,607 | 9,179 | ||||||||
| Other seNIces - pmparatlon | ofUw Charitt4s | annual accounts | 3681 | 3,934 | ||||||||
| 11188 | 13 113 | |||||||||||
| 8 | Net Incomef(expenditure) | |||||||||||
| This ls stated after chBrglng' | ||||||||||||
| 2020 | 2019 | |||||||||||
| 6 | 6 | |||||||||||
| DepreclaUon | 7,948 | 2,209 | ||||||||||
| AudUor's | remurxxaUon | 11,188 | 13,113 | |||||||||
| OperaUng | lease rentals | 43,470 | 43,470 | |||||||||
| Investment | return: net of | reaUsed and unreallsed | (gains)tosses | 28,963 | (277,187) | |||||||
| AmorUsatlon | 830 | 830 | ||||||||||
| 9 | Trustees' | remuneration | snd ksy management | personnel | remuneration | and expenses |
| Staff costs and employee | beneftts | |||||||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||
| E | E | |||||||
| Wages and sekuies | 466,286 | S94,306 | ||||||
| Sodsl security costs | 61,637 | 44,898 | ||||||
| Pension costs (see note 11) | 28 788 | 24 726 | ||||||
| 686911 | 483930 | |||||||
| The number of employees |
who received | total employee | benefits | (excluding | employer | pension | caste of more than E60,000) | |
| are as fogowa. |
| 2020 | 2018 | |||||
|---|---|---|---|---|---|---|
| Number | Nrsnber | |||||
| E60,001 | - E70,000 | 1 | 1 | |||
| E70,001 | - E80,000 | |||||
| E80,001 | - 290,000 | |||||
| E90,001 | - 2100,000 | |||||
| 2100,001 - 2I10,000 | ||||||
| E110,001 - 2120,000 | ||||||
| The average number | ofemployees | during | lhe year was: | |||
| 2020 | 2019 | |||||
| Number | Number | |||||
| Average | number ofemployees |
9 | 8 |
| Amordsatlon | |||
|---|---|---|---|
| At 1 January 2020 | 1,680 | ||
| Provkled during |
the year | 830 | |
| At 31 December | 2020 | ||
| Net book value | |||
| At 31 December | 2020 | 8 | 10 |
| At S1 December | 2019 | 6,640 |
| 13 | Tangible fixed assets | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Improvement | |||||||||||
| to | leasehoki | Fixtures and | Computer | ||||||||
| building | fltungs | equipment | Total | ||||||||
| 6 | 6 | ||||||||||
| Cost | |||||||||||
| At 1 January 2020 | 34,969 | 2,804 | 16,462 | 63,015 | |||||||
| Addi6orw | 17,449 | 2,347 | 19798 | ||||||||
| At 31 December 2020 | 52408 | 2 604 | 17799 | 72811 | |||||||
| Deprechtgon | |||||||||||
| At 1 Jtmumy 2020 | 33,661 | 2,359 | 8,474 | 44,394 | |||||||
| Charge for the year | 1883 | 245 | 6 820 | 7,948 | |||||||
| At 31 December 2020 | 2 604 | 14 | 62342 | ||||||||
| Nst book value | |||||||||||
| At 31 December 2020 | 18,984 | 3605 | 20469 | ||||||||
| At 31 December 2019 | 1,398 | 245 | 6978 | 8821 | |||||||
| 14 | Fixed assets Investments | In MCA | permanent | endowment | fund | ||||||
| . 2020 | 2013 | ||||||||||
| 6 | 6 | ||||||||||
| Fair value brought forward | 2,793,364 | 2,668,826 | |||||||||
| investment retunx dlvklends |
snd | interest | 110,116 | 152,255 | |||||||
| Inveshnent rstunc Income |
paid out | (100,000) | (168,760) | ||||||||
| Investment management |
costs | (22,928) | (23,933) | ||||||||
| Investment return: net of malkred |
and unreelised | losses. | (28,963) | 277,167 | |||||||
| Fair value carried forvmrd | 2761 598 | 2793364 | |||||||||
| Historksl cost | 2,217087 | 2 83385 | |||||||||
| Irwestmsnls at fair value comprised, |
' | ||||||||||
| Equity shares | 2,239,978 | 2,242,602 | |||||||||
| Rxed Interest securities | 392,728 | 218,192 | |||||||||
| Cash deposltslfunds | 88,410 | 229,640 | |||||||||
| Properly funds | 32,484 | 103,030 | |||||||||
| 2761 698 | 2793,384 |
| 16 | Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2620 | 2019 | ||||||||
| 6 | 6 | ||||||||
| Trade debtom Prepeyrcsnts |
300 6~8 |
1,200 1,738 |
|||||||
| Other debtors | 30,890 | 13,243 | |||||||
| Accrued restricted |
proJect Income | 22,325 | |||||||
| 58 | 763 | 16 181 | |||||||
| Other debtors Indudes | 67,587 (20196ng) faglng due after cne year, | ||||||||
| 16 | Creditors; amounts | falling dus within one year | |||||||
| 2020 | 2019 | ||||||||
| 6 | 6 | ||||||||
| Trade creditors | 4 | 487 | 3,811 | ||||||
| Accrusls | 12,058 | 19,680 | |||||||
| Deferred unrestricted | proJsct Income | 10,417 | |||||||
| Deferred restricted |
project Income (note 19) | 43,483 | 35,148 | ||||||
| Oker taxes snd sodal | securtty costa | 13,715 | |||||||
| Other creditors | 12 | 623 | 9,122 | ||||||
| 72 | 649 | 81 793 | |||||||
| 17 | Unrestricted funds |
||||||||
| At 1 January 2020 | 352,393 | ||||||||
| Income | 633,803 | ||||||||
| Expendltum Transfer to restricted |
fund (note 19) | (533,066) ~1666 |
|||||||
| At 31 December 2020 | 430,344 | ||||||||
| 6160,000Is designated | for Project Study ofAnllsemltlc | Attltudes | .These funds are sxpeded | lo be utllised | in 2021, |
| Restricted fu |
nds | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Transfer | ||||||||||||
| (to)ifram | At 31 | |||||||||||
| Incoming | Resources | unrestricted | December | |||||||||
| e | omm sl |
At 1January 2020 f |
Resources f. |
Expended f |
funds f |
2029 f |
||||||
| Project: European Jswhh Demography |
Unit | 121,107 | (121,107) | |||||||||
| ProJect. European Jewhh Ressaroh |
Archive | 16,319 | (28,820) | 12,301 | ||||||||
| Commhslom | European Unkm |
Agency | for | |||||||||
| Fundamental Cornmhslon: |
Rights (FRAI Kaplan Centre for Jewish |
Studies | (1,713) | 1,713 | ||||||||
| and Research, UCT | 30,000 | (40,561) | 10,561 | |||||||||
| Commission: | Jewish Blind end Dhabled | (JBD) | 2,705 | (2,706) | ||||||||
| Commission: Commhslorr. |
Lauder - School Pbrces Vienna JW3 Monitoring and Evaluation |
2,720 | (141) | (2,679) | ||||||||
| Project | 3,868 | (3,686) | ||||||||||
| Commission: | industrial Dwsglnge Boclsly (IDS) |
12,274 | (12,274) | |||||||||
| Project Study | ofAnlhemitlc Atgtudes |
|||||||||||
| Project: UK Jewish Research Panel |
71,824 | (71,824) | ||||||||||
| Total projects | end commlrugcns | 260,616 | 282,611 | 21 996 | ||||||||
| Analysis ofproject recelpbr. |
||||||||||||
| Deferredl | ||||||||||||
| (Accrued) | ||||||||||||
| Defsrredf | Income | |||||||||||
| (Aocru ed) | carried | |||||||||||
| Income | Project | forward st | ||||||||||
| brought | Income | 31 | ||||||||||
| forward at 1 | Project receipts | recogrdeed | Deceraber | |||||||||
| c 0 |
January 2020 f |
In the f |
year | In the year f |
2020f | |||||||
| Projech European Jewish Demography Unit Project: European Jewish Research Archive |
18,829 18,319 |
117,600 | (121,107) (16,319) |
15,322 | ||||||||
| Commission. | European Union Agenoy fcr |
Fundamental | ||||||||||
| Rights (FRA) | ||||||||||||
| Commlsskn: | Kaplan Centre for |
Jewish | Studies | end | ||||||||
| Research, UCT | 30,000 | (30,000) | ||||||||||
| Commission: | Jewish Bgnd and Disabled | (JBD) | 6275 | (2,705) | 2,670 | |||||||
| Commissions | Lauder - School Places | Vienna | 2,720 | (2,720) | ||||||||
| Convnlsslom Commission: |
JW3 Monitoring end Evaluation Project Industrial Dwegings Society (IDS) |
3,166 14,065 |
(3,666) (12274) |
(601) 1,791 |
||||||||
| Project Study ofAntlsemmc Attitudes Project, UK Jewish Research Panel |
23,800 50,000 |
4 | 23,800 ~624 |
|||||||||
| 35,148 | 246 626 | 260616 | 21,158 |
| 20 | Analyshr ofnet as | set | s b | etw | een fu |
nds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrsstrkted | Endowment | |||||||||||||
| funds | Restricted | funds | funds | Total funds | ||||||||||
| E | E | E | E | |||||||||||
| Intangible assets | 6,810 | 6,810 | ||||||||||||
| Tangible assets | 20,469 | ~ | 20,469 | |||||||||||
| Invsstmenls | 76,723 | 2,675,876 | 2,761,6gB | |||||||||||
| Current assets | 367,408 | 43,483 | - | 4IM,891 | ||||||||||
| Creditors: amounts | falBng | due within | one | year | (29,066) | (43,483) | (72,648) | |||||||
| Total net assets | 430344 | 876875 | 3,108219 | |||||||||||
| 21 | Reconclgatlon of |
net | expenditure | to net cash | flow | from operating | activities | |||||||
| 2020 | 2019 | |||||||||||||
| Net expenditure | 28,070 | 237,364 | ||||||||||||
| Income from investments Amortlsatlon of Intangible |
fixed assela | (110,115) | (152~5) 830 |
|||||||||||
| Amortbagon snd depreclagon |
of tangible | fixed assets | 7,948 | 2,209 | ||||||||||
| Investnwnt retuno |
net | of | reagsed and unreallsed | (gains)llosees | 28,963 | (277,187) | ||||||||
| (Increase) ln debtors |
(42,602) | (8,423) | ||||||||||||
| (Decrease) / Increase |
In creditors | (19,244) | 24,890 | |||||||||||
| Nsl cash Bow from | operagng | actlvlges | 108180 | 170552 | ||||||||||
| 22 | Leasing commitments | |||||||||||||
| At Ihe year end the | company | had annual | commitments | under a non-cancellable | property | lease as | set out below: | |||||||
| 2020 | 2019 | |||||||||||||
| 6 | 6 | |||||||||||||
| within one year |
14,404 | |||||||||||||
| wllhln two lofive years |
188,803 | |||||||||||||
| Later Ihan Ihre years | 179212 | |||||||||||||
| Total leasing commitments | 360419 |