The Heart of the Jewish Community Brighton and Hove Jewish Welfare Board A N N U A L R E P O R T Caring for Jewish people in need
Year endedYear ended www.bhjwb.org 31st December 201431[st] December 2021
Brighton & Hove Jewish Welfare Board
Annual report and unaudited financial statements For the year ended 31 December 2021
Charity registration no. 255060
Brighton & Hove Jewish Welfare Board
Legal and administrative information
Trustees Mr M J Carlton Mrs M Book Mrs D Goodman Charity number 255060 Principal address 168 Church Road Hove East Sussex BN3 2DL Independent examiner Ayres Bright Vickers Limited Bishopstone 36 Crescent Road Worthing West Sussex BN11 1RL Bankers Lloyds Bank plc 171-173 North Street Brighton East Sussex BN1 1GL
Brighton & Hove Jewish Welfare Board
Contents
| Page | |
|---|---|
| Notice of AGM | 1 |
| Chairman's report | 2 |
| Trustees’ report | 3 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 - 15 |
BRIGHTON AND HOVE JEWISH WELFARE BOARD
NOTICE IS HEREBY GIVEN that the Annual General Meeting and Election of the Board will take place by Zoom video conference on Thursday 1 September 2022 at 7pm. If you wish to receive an invitation, please email: info@bhjwb.com by Thursday 25 August 2022.
Nominations for the Honorary Officers and Members of the Board should be sent to the Administration Secretary, Mr. Pieter Hemsley c/o 168 Church Road, Hove, East Sussex BN3 2DL by Thursday 25 August 2022, and any Resolution to be placed before the Meeting should also be sent to him in writing, duly proposed and seconded, by that date.
AGENDA
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Minutes of the last Annual General Meeting.
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Chairman's Report.
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Hon. Treasurer's Report and presentation of the Accounts for the year ended 31 December 2021.
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Election of Honorary Officers and Members of the Board.
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Any other business.
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Brighton & Hove Jewish Welfare Board
Chairman's report
For the year ended 31 December 2021
It is difficult to believe that this is my 10th Chairman's Report for the Brighton and Hove Jewish Welfare Board. Much has changed over the last ten years and never more so than in the last two. Like all charities, we hope that one day we will become obsolete, that the cause we are campaigning for will no longer be an issue. Sadly, after the stresses of two years of unimaginable global pandemic, affecting our lives in a way none of us could ever have foreseen, we now are faced with record high energy bills, skyrocketing food costs and the warning that petrol will soon break the £2 a litre barrier. The rising costs not only impact people's physical way of life, but the worry of being able to pay bills takes it's toll on mental health as well. The security of knowing that we are here, as a safety net for so many of our current clients and potential ones, makes all the difference to many people.
We continue to offer vital support in terms of regular subventions for our clients, but we also pay for all those extras that are necessary in life - school uniforms and school shoes, extra money for families in the long summer months to help keep children entertained, television licences and the inevitable replacement of fridges and washing machines. We also provide all our clients with a little extra money at Chanukah and Pesach to acknowledge and remember our Jewish roots.
It is clear, however, that the Welfare Board provides a vital role in our community not just in the financial support that we offer, but also as a trusted source of information and signposting for many in times of need. We are often the first port of call for those wishing to reconnect with the community or to seek advice regarding support for a loved one. Founded in 1846, the Welfare Board is more important now than ever before to our community.
We are only able to continue our work with your support and we thank all those who continue to contribute to our annual appeal. Your money helps us to provide confidential Tzedakah (charity) to the most needy in our community. No one should have to choose between 'eating or heating'. My thanks also to the other welfare and support organisations who work tirelessly and often without recognition - the Brighton & Hove Jewish Housing Association, Helping Hands and the Sussex Jewish Representative Council - to keep our community flourishing.
To the members of the Welfare Board who dedicate their time in the support of others, my heartfelt gratitude on behalf of our community. Our Board works quietly and efficiently to offer assistance to all while maintaining confidentiality and respect for our clients. As always, a special vote of thanks to our Treasury team of Gary Epstein and Marc Carlton, who ensure that money is available through our investments to meet the rising costs of supporting people and maintaining our two properties.
Once again, my heartfelt thanks to all on the Board for their tireless work and commitment and to our exceptional community for your continued support.
Fiona Sharpe Chairman
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Brighton & Hove Jewish Welfare Board
Trustees’ report
For the year ended 31 December 2021
The trustees present their report and financial statements for the year ended 31 December 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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)”
Objectives and activities
The charity's objects are:
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to promote the relief of poverty and hardship and to relieve the sick within the Jewish Faith
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to provide social welfare to persons of the Jewish Faith
The work of the Board continued during 2021. Due to the continuing COVID 19 pandemic, Board meetings were held online using Zoom and face to face meetings with clients were largely suspended for the rest of the year. Despite these restrictions the Board succeeded in giving both regular and one-off financial help to many needy Jewish people in Brighton and Hove and the surrounding area.
The Board owns two detached properties, divided into eight flats, which continue to be let at a subsidised rent to people in need within the Jewish community. We undertook and completed the complete refurbishment of Flat 4, 49 Westbourne Villas and that flat is now fully tenanted.
These properties are managed by the Brighton and Hove Jewish Housing Association but that arrangement will not continue for much longer. We are beginning to explore all options regarding these assets including the possible sale of one or both houses.
The policies adopted in furtherance of these objects have not changed during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Despite the COVID 19 pandemic, Board members maintained regular telephone and online contact with their clients throughout 2021, reviewing their financial circumstances and offering additional assistance where appropriate. We currently have less clients than in previous years but they have a lower average age and generally require greater financial support.
Throughout the year the Board maintained and improved its two freehold properties thereby enabling the Board to provide subsidised housing to eight tenants.
Financial review
In 2021 our income from investments, properties and donations was less than the cost of our charitable activities and this year we had a cash flow deficit of £20,250 (2020 surplus: £10,838).
The state of our balance sheet and accounts continues to be healthy and the value of our listed investments have held up in an uncertain time for the markets. The total reserves of the charity at the year-end was £1,613,217 (2020: £1,579,241).
The trustees consider that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
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Brighton & Hove Jewish Welfare Board
Trustees’ report (continued)
For the year ended 31 December 2021
Structure, governance and management
The charity was established by the creation of an association constitution which was adopted on 21 April 1994 (amended 21 May 1998 and 23 May 2002).
Trustees are elected from the membership in accordance with the charity's constitution.
The trustees who served during the year were: Mr M J Carlton
Mrs M Book
Mrs D Goodman
The officers who manage the charity are as follows:
Ms F Sharpe Chairman Mr G Epstein Hon Treasurer Mr M Carlton Assistant Hon Treasurer Mr P Hemsley Hon Secretary
The members of the charity are as follows:
Mrs S Crown Ms T Lipson Mrs L Graham Dr M Rosenberg Mrs A Crook Mrs M Book Mrs Y Breuer Ms R Nathan
The trustees’ report was approved by the Board of Trustees.
Mr M J Carlton
Mrs M Book
Trustee Trustee Dated:20 June 2022 Dated:20 June 2022
Mrs D Goodman
Trustee Dated: 20 June 2022
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Brighton & Hove Jewish Welfare Board
Independent examiner's report
To the Trustees of Brighton & Hove Jewish Welfare Board
I report on the financial statements of the charity for the year ended 31 December 2021, which are set out on pages 6 to 15.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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(i) examine the financial statements under section 145 of the 2011 Act;
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(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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(iii) to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(a) which gives me reasonable cause to believe that in any material respect the requirements:
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(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
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(ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Andrew Dalglish FCCA Ayres Bright Vickers Limited Bishopstone
36 Crescent Road
Worthing West Sussex BN11 1RL
Dated: 20 June 2022
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Brighton & Hove Jewish Welfare Board
Statement of financial activities including income and expenditure account
For the year ended 31 December 2021
| Unrestricted Endowment funds funds Notes £ £ Income from: Donations and legacies 2 8,373 - Charitable activities 4 (3,648) - Investments 5 25,784 - Total income 30,509 - Expenditure on: Charitable activities 3 50,759 4,812 Net movement on investments 8 59,038 - Net movement in funds 38,788 (4,812) Fund balances at 1 January 2021 1,225,260 353,981 Fund balances at 31 December 2021 1,264,048 349,169 |
Total 2021 £ 8,373 (3,648) 25,784 30,509 55,571 59,038 33,976 1,579,241 1,613,217 |
Total 2020 £ 2,330 25,781 26,547 54,658 48,632 (44,234) (38,208) 1,617,449 1,579,241 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Brighton & Hove Jewish Welfare Board
Balance sheet
As at 31 December 2021
| 2021 Notes £ £ Fixed assets Tangible assets 10 349,169 Investments 13 1,113,908 1,463,077 Current assets Debtors 11 2,311 Cash at bank 159,965 162,276 Creditors: amounts falling due within one year 12 (12,136) Net current assets 150,140 Total assets less current liabilities 1,613,217 Capital funds Endowment funds - general 349,169 Income funds Unrestricted funds 1,264,048 1,613,217 The accounts were approved by the Trustees on 20 June 2022 Mr M J Carlton Mrs M Book Trustee Trustee |
2020 £ £ 353,981 1,054,870 1,408,851 1,258 172,480 173,738 (3,348) 170,390 1,579,241 353,981 1,225,260 1,579,241 |
2020 £ £ 353,981 1,054,870 1,408,851 1,258 172,480 173,738 (3,348) 170,390 1,579,241 353,981 1,225,260 1,579,241 |
|---|---|---|
| 1,408,851 170,390 |
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| 1,579,241 | ||
| 353,981 1,225,260 |
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| 1,579,241 | ||
Mrs D Goodman Trustee
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Brighton & Hove Jewish Welfare Board
Notes to the financial statements
For the year ended 31 December 2021
1 Accounting policies
Charity information
Brighton & Hove Jewish Welfare Board was established by the creation of an association constitution which was adopted on 21 April 1994 (amended 21 May 1998 and 23 May 2002).
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted and designated funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance costs
Governance costs include the costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
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Brighton & Hove Jewish Welfare Board
Notes to the financial statements (continued)
For the year ended 31 December 2021
1 Accounting policies
Grants with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient has provided the specified service or output.
Grants payable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
1.6 Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
2% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
Freehold land is not depreciated.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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Brighton & Hove Jewish Welfare Board
Notes to the financial statements (continued)
For the year ended 31 December 2021
1 Accounting policies
1.9 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument.
Financial assets are offset, with the net amounts presented in the accounts when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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Brighton & Hove Jewish Welfare Board
Notes to the financial statements (continued)
For the year ended 31 December 2021
2 Donations and legacies
| Donations and appeals Legacies receivable Gift aid Donations and appeal funds Donations received Annual appeal Contribution from Jews' Temporary Shelter Legacies receivable J Dicks 3 Charitable activities - Expenditure Depreciation and impairment General relief Passover relief TV licences Share of support costs (see note 9) Share of governance costs (see note 9) Analysis by fund Unrestricted funds Endowment funds - general |
2021 £ 7,320 - 1,053 8,373 2,370 4,450 500 7,320 - - 2021 £ 4,812 45,258 540 1,589 52,199 2,022 1,350 55,571 50,759 4,812 55,571 |
2020 £ 1,830 500 - |
|---|---|---|
| 2,330 | ||
| 1,830 - - |
||
| 1,830 | ||
| 500 | ||
| 500 | ||
| 2020 £ 4,812 38,775 221 1,557 |
||
| 45,365 1,887 1,380 |
||
| 48,632 | ||
| 43,820 4,812 |
||
| 48,632 |
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Brighton & Hove Jewish Welfare Board
Notes to the financial statements (continued)
For the year ended 31 December 2021
4 Charitable activities - Income
| Charitable rent (deficit)/surplus 5 Investments Investment income |
2021 2020 £ £ (3,648) 25,781 2021 2020 £ £ 25,784 26,547 |
|---|---|
Included within investment income are the following amounts:
| Blackrock Common Investment Fund CAF Charishare Aegon General Investment Account M & G Charibonds M & G Charifund National Westminster Bank 9% Non-Cum £1 Pref. Schroders Building Society |
£ 2,139 1,364 8,168 6,498 1,973 3,825 1,724 93 25,784 |
£ 1,478 1,547 7,851 7,798 1,976 3,825 1,728 344 |
|---|---|---|
| 26,547 |
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7 Employees
There were no employees during the year.
8 Net gains/(losses) on investments
Revaluation of investments
Total Total 2021 2020 £ £ 59,038 (44,234)
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Brighton & Hove Jewish Welfare Board
Notes to the financial statements (continued)
For the year ended 31 December 2021
| 9 Support costs Printing and advertising Insurance Sundries Accountancy Meeting expenses Analysed between Charitable activities |
Support costs Governance costs £ £ 946 - 606 - 470 - - 1,350 - - 2,022 1,350 2,022 1,350 |
2021 £ 946 606 470 1,350 - 3,372 3,372 |
2020 Basis of allocation £ 980 100% Charitable activities 823 100% Charitable activities 84 100% Charitable activities 1,350 Governance 30 Governance 3,267 3,267 |
|---|---|---|---|
Governance costs includes payments to the auditors of £1,350 (2020 : £1,350) for independent examination fees.
| 10 | Tangible fixed assets | ||
|---|---|---|---|
| Freehold land and | |||
| buildings | |||
| £ | |||
| Cost | |||
| At 1 January 2021 | 440,597 | ||
| At 31 December 2021 | 440,597 | ||
| Depreciation and impairment | |||
| At 1 January 2021 | 86,616 | ||
| Depreciation charged in the year | 4,812 | ||
| At 31 December 2021 | 91,428 | ||
| Carrying amount | |||
| At 31 December 2021 | 349,169 | ||
| At 31 December 2020 | 353,981 | ||
| The carrying value of land included in land and buildings comprises: | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Freehold | 200,000 | 200,000 |
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Brighton & Hove Jewish Welfare Board
Notes to the financial statements (continued)
For the year ended 31 December 2021
11 Debtors
| Amounts falling due within one year: Other debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Other creditors Accruals and deferred income 13 Fixed asset investments Cost or valuation At 1 January 2021 Valuation changes At 31 December 2021 Carrying amount At 31 December 2021 At 31 December 2020 |
2021 2020 £ £ 2,202 1,149 109 109 2,311 1,258 2021 2020 £ £ 10,816 2,028 1,320 1,320 12,136 3,348 Listed investments £ 1,054,870 59,038 1,113,908 1,113,908 1,054,870 |
|---|---|
Fixed asset investments revalued
Investments in shares are included at fair value. Fair values for listed investments have been determined by reference to stock market values at the balance sheet date.
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Brighton & Hove Jewish Welfare Board
Notes to the financial statements (continued)
For the year ended 31 December 2021
| 14 Analysis of net assets between funds Unrestricted funds Endowment funds £ £ Fund balances at 31 December 2021 are represented by: Tangible assets - 349,169 Investments 1,113,908 - Current assets 150,140 - 1,264,048 349,169 |
Total £ 349,169 1,113,908 150,140 |
|---|---|
| 1,613,217 |
15 Related party transactions
There were no disclosable related party transactions during the year (2020 - none).
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