**REGISTERED CHARITY NUMBER: 292368** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **FOR** **THE BRITISH JEWISH HERITAGE SOCIETY** Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL **THE BRITISH JEWISH HERITAGE SOCIETY** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Statement of Financial Position**||5|| |**Notes to the Financial Statements**|6|to|11| ## **THE BRITISH JEWISH HERITAGE SOCIETY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objects of the charity are the furtherance of the Orthodox Jewish religion by way of support to educational institutions, assisting in the reduction of poverty and granting help for charitable causes at the discretion of the trustees. ## **Public benefit** The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit, and in particular to its supplementary public benefit guidance on advancing education, when reviewing the charity's aims and objectives, and in planning future activities and setting grant making policy for the year. ## **Grantmaking** The trustees obtain details of all requests for assistance and ensure that good recommendations are received before any payments are made. ## **ACHIEVEMENT AND PERFORMANCE** During the year we have continued to allow local charitable organisations use the centre and rent shops at a low rate. There are 4 shops that are rented to local enterprise at reduced rent and nominal service charges, each leading to an average of £5,000 of their normal commitment. In addition the Dover Big Local in conjunction with the Community Café hold events for disadvantage local people in the Atrium for which we make no charge. These are day time, evening and weekend engagements which in themselves bring a vibrancy to the centre in the hope of attracting more commercial customers and users. In addition to supporting the 4 shop enterprises, we have given a £6,000 concession on the rent to Migrant Help who have taken the residential flats to give respite and temporary homes to abused and trafficked immigrants. We are delighted to assist with this essential work. ## **FINANCIAL REVIEW** ## **Principal funding sources** The charity is dependent on the investment income it receives from its investment property. ## **Investment policy and objectives** Under the Trust Deed the charity has the power to make any investment which the trustees see fit. The trustees regularly review the charity's position and needs in respect of the investment policy. The trustees believe their experience within the UK investment property market, together with external advice as appropriate, will maximise the charity's income from its investments. ## **Reserves policy** The trustees try to ensure that the charity retains sufficient funds to cover immediate anticipated outgoings. They have contacts at all times with potential donors who are able to assist with the charity's requirements. ## **FUTURE PLANS** The Trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that an appropriate level of reserves is maintained. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Page 1 **THE BRITISH JEWISH HERITAGE SOCIETY** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Recruitment and appointment of new trustees** It is not currently the intention of the trustees of the charity to appoint new trustees. Should this situation change in the future, the trustees will apply suitable recruitment and training procedures. ## **Related parties** Details of transactions with related parties are disclosed in the notes to the financial statements. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 292368 ## **Principal address** 27C Chardmore Road South Tottenham London N16 6JA ## **Trustees** J Fekete S Weinstock S Landy A I Yozef ## **Independent Examiner** Malcolm Venitt A.C.A Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL Approved by order of the board of trustees on 8 November 2021 and signed on its behalf by: J Fekete - Trustee Page 2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRITISH JEWISH HERITAGE SOCIETY** ## **Independent examiner's report to the trustees of The British Jewish Heritage Society** I report to the charity trustees on my examination of the accounts of The British Jewish Heritage Society (the Trust) for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of A.C.A which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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. Malcolm Venitt A.C.A Venitt and Greaves Chartered Accountants 115 Craven Park Road South Tottenham London N15 6BL 8 November 2021 Page 3 ## **THE BRITISH JEWISH HERITAGE SOCIETY** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |||31.12.20|31.12.19| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||12,170|72,000| |Investment income|2|239,722|228,358| |**Total**||251,892|300,358| |**EXPENDITURE ON**|||| |Raising funds|3|199,159|208,717| |**Charitable activities**|||| |Charitable||186|159| |Other||7,155|10,446| |**Total**||206,500|219,322| |**NET INCOME**||45,392|81,036| |**RECONCILIATION OF FUNDS**|||| |**Total funds brought forward**||647,590|566,554| |**TOTAL FUNDS CARRIED FORWARD**||692,982|647,590| The notes form part of these financial statements Page 4 ## **THE BRITISH JEWISH HERITAGE SOCIETY** ## **STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2020** |Notes
**FIXED ASSETS**
Investment property
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
9
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|31.12.20
Unrestricted
fund
£
2,145,265
310,619
60,611
371,230
(805,877)
(434,647)
1,710,618
(1,017,636 )
692,982
692,982
692,982|31.12.19
Total
funds
£
2,145,265
160,758
57,406
218,164
(725,714)
(507,550)
1,637,715
(990,125)
647,590
647,590
647,590| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 8 November 2021 and were signed on its behalf by: J Fekete - Trustee S Weinstock - Trustee The notes form part of these financial statements Page 5 **THE BRITISH JEWISH HERITAGE SOCIETY** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Investment property** Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **2.** ## **INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| |Rents received
Deposit account interest|31.12.20
£
239,722
-
239,722|31.12.19
£
228,354
4| |||228,358| ## **3. RAISING FUNDS** ## **Investment management costs** |Administrative expenses
Property repairs
Insurance
Cleaning and rubbish removal
Security expenses
Rates and water
Light & heat
Loan interest and charges|31.12.20
£
39,107
49,680
20,018
18,363
6,156
11,311
15,752
38,772
199,159|31.12.19
£
42,930
52,643
1,399
28,765
4,746
11,255
23,556
43,423| |---|---|---| |||208,717| Page 6 continued... ## **THE BRITISH JEWISH HERITAGE SOCIETY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|72,000| |Investment income|228,358| |**Total**|300,358| |**EXPENDITURE ON**|| |Raising funds|208,717| |**Charitable activities**|| |Charitable|159| |Other|10,446| |**Total**|219,322| |**NET INCOME**|81,036| |**RECONCILIATION OF FUNDS**|| |**Total funds brought forward**|566,554| |**TOTAL FUNDS CARRIED FORWARD**|647,590| continued... Page 7 **THE BRITISH JEWISH HERITAGE SOCIETY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **6. INVESTMENT PROPERTY** |**INVESTMENT PROPERTY**|| |---|---| |**FAIR VALUE**
At 1 January 2020
and 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|£
2,145,265| ||2,145,265| ||2,145,265| Included in investment property is freehold land valued at £900,000 (2019 - £900,000). ## **7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade debtors
Other debtors
VAT
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 10)
Trade creditors
Taxation and social security
Other creditors|31.12.20
£
21,404
289,215
-
310,619
31.12.20
£
5,292
135,802
563
664,220
805,877|31.12.19
£
21,404
137,215
2,139| |---|---|---| |||160,758| |||31.12.19
£
5,292
135,803
-
584,619| |||725,714| ## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** continued... Page 8 ## **THE BRITISH JEWISH HERITAGE SOCIETY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** |**9.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 10)
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
**11.**
**MOVEMENT IN FUNDS**
At 1.1.20
£
**Unrestricted funds**
General fund
647,590
**TOTAL FUNDS**
647,590
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
251,892
**TOTAL FUNDS**
251,892|
31.12.20
£
1,017,636
31.12.20
£
5,292
50,000
967,636
Net
movement
in funds
£
45,392
45,392
Resources
expended
£
(206,500)
(206,500)||31.12.19
£
990,125| |---|---|---|---| |||31.12.19
£
5,292
-
990,125
At
31.12.20
£
692,982
692,982
Movement
in funds
£
45,392
45,392|31.12.19
£
5,292| ||||-| ||||990,125
At
31.12.20
£
692,982| ||||692,982| ||||45,392| continued... Page 9 **THE BRITISH JEWISH HERITAGE SOCIETY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **11. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1.1.19
£
**Unrestricted funds**
General fund
566,554
**TOTAL FUNDS**
566,554
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
300,358
**TOTAL FUNDS**
300,358|Net
movement
At
in funds
31.12.19
£
£
81,036
647,590
81,036
647,590
Resources
Movement
expended
in funds
£
£
(219,322)
81,036
(219,322)
81,036|At
31.12.19
£
647,590| |---|---|---| |||647,590| |||81,036| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.19
£
566,554
566,554|Net
movement
in funds
£
126,428
126,428|At
31.12.20
£
692,982| |---|---|---|---| ||||692,982| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
552,250
552,250|Resources
Movement
expended
in funds
£
£
(425,822)
126,428
(425,822)
126,428|Resources
Movement
expended
in funds
£
£
(425,822)
126,428
(425,822)
126,428| |---|---|---|---| ||||126,428| continued... Page 10 **THE BRITISH JEWISH HERITAGE SOCIETY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 11