## **JEWISH BOOK COUNCIL** 

**(A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2021** 

**Registered Charity No. 293800 Registered Company No. 01989333** 

**AZETS AUDIT SERVICES Greytown House 221/227 High Street Orpington Kent BR6 0NZ** 



**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **CONTENTS** 

||**Page**|
|---|---|
|Legal and Administrative Information|2|
|Report of the Council of Management|3|
|Independent Examiner’s Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|11|
|Notes to the Financial Statements|12|



1 



**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

|**President**<br>**Honorary Life Presidents**<br>**Council of Management**<br>**Members of the Book Council**<br>**Management Team**<br>**Charity Registration Number**<br>**Company Registration Number**<br>**Registered Office**<br>**Independent Examiner**<br>**Bankers**|Gail Sandler<br>Lucy Silver<br>Marion Cohen<br>Marilyn Lehrer<br>Antony Grossman–Chair from 12 October 2020<br>Gail Sandler–Co Chair to 12 October 2020, resigned 26 May 2021<br>Lucy Silver - Co Chair to 12 October 2020, resigned 26 May 2021<br>Romie Tager QC–resigned as Honorary Secretary 12 October 2020<br>Peter Musgrave–resigned 12 October 2020<br>Paul Israel FCA - Hon Treasurer<br>Robin Hilton<br>Stephanie Marcus<br>Anne Webber<br>Richard Camber<br>Marion Cohen<br>Avi Goldberg<br>Antony Grossman<br>Robin Hilton<br>Paul Israel<br>Stephanie Marcus<br>Judith Reinhold<br>Gail Sandler–resigned 12 October 2020<br>Lucy Silver–resigned 12 October 2020<br>Philip Skelker<br>Romie Tager QC – resigned 12 October 2020<br>Anne Webber<br>Claudia Rubenstein–Festival Director<br>Sarah Fairbairn–Head of Production<br>Sara Gluckstein–Festival Coordinator<br>293800<br>01989333<br>ORT House<br>126 Albert Street<br>London, NW1 7NE<br>M A Wilkes FCA<br>Azets Audit Services<br>Greytown House, 221/227 High Street<br>Orpington, Kent BR6 0NZ<br>Barclays Bank PLC<br>Leicester, LE87 2BB<br>2|
|---|---|





**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **REPORT OF THE COUNCIL OF MANAGEMENT** 

The Council of Management present their report and financial statements for the year ended 30 June 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ (FRS 102) in preparing the annual report and financial statements of the charity. 

The financial statements comply with Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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 (FRS 102) (effective 1 January 2015) as updated for Bulletin 1 & 2. 

## _**Objectives**_ 

The objective of the charity is to promote public knowledge and understanding of Jewish culture both within and without the community. 

Its principal purpose is to stimulate and encourage the reading and discussion on every aspect of Jewish thought, life, history and literature. 

In furtherance of its objectives, the charity in the main: 

- Assists in and organises an annual festival with satellite events throughout the year;; JBW speakers in schools; enriching lectures, interviews, and panel-discussions for public benefit, given by authors and experts in their chosen fields. 

## **REVIEW OF ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE** 

## _**Strategy**_ 

Under the aegis of the Council, the first Jewish Book Week in London was held in 1952 and it has been held annually ever since with the same objectives. The charity’s primary emphasis on Jewish ideas and heritage strongly differentiates it from other national literary festivals and is the single most significant factor ensuring JBW’s ongoing success in this era of burgeoning cultural activities. 

## **JEWISH BOOK WEEK 2021** 

## **Venues: Kings Place, 90 York Way, London N1 9AG, and online** 

## **The Jewish Book Team** 

Jewish Book Week 2021 was Claudia Rubenstein’s third festival as director. She works with three professional staff – Head of Production, Sarah Fairbairn and Festival Coordinator, Sarah Gluckstein. Both are permanent members of staff. Tom Ryan continued to work with the organisation as marketing and PR manager on a consultancy basis. 

## **The 2021 Festival** 

The 2021 festival was our most unusual to date. It took place during a pandemic and, for the first time in its 69 years, was presented entirely online. Our plan to run a hybrid festival – with a mix of live and online audiences – could not take place due to a change in lockdown status. Instead, we quickly pivoted to a fully online festival, requiring a lastminute revision of our programme, pricing structure and budgets. With the anticipated hybrid festival, we had planned to present 65 events, instead of our usual 80 plus events - as many as social distancing guidelines would allow. However, we ultimately presented 62 events (including six pre-festival events, the Gamechangers series, and three further events held from mid-late March), with six of the events free to access. Festival passes were offered meaning that all events remained available to watch on replay until 31[st] March. 

‘Gamechangers’ a six-part pre-festival series on each Monday from 11 January, featured high-profile overseas speakers such as Michael Sandel, Oliver Stone, and discussions of the life and legacy of Ruth Bader Ginsberg and Karl Marx. There was also a well-attended talk with Michael Rosen, originally planned for the (postponed) Family Day on 7 February. These events successfully built the desired anticipation towards the festival while serving as a test ground both for the staff to hone their streaming skills and the JBW audience to familiarise themselves with KPlayer ahead of the main festival. 

3 



## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **REPORT OF THE COUNCIL OF MANAGEMENT** 

Despite the unusual format, discussion and debate on topics of contemporary and historical interest remained at the heart of the 2021 festival. There were panels on Modern Jewish Literature with Dara Horn, Howard Jacobson and Adam Kirsh; Michael Rosen and Rachel Clark discussed the covid pandemic and the NHS; and Nick Cohen, Lionel Shriver and Angelia Wilson looked to the future of the United States. Individual sessions focused on a variety of subjects from ghettos, antisemitism and Mahler’s faith, to plants, libraries, and the oceans, with speakers such as David Baddiel, Norman Lebrecht, Hermione Lee, Tom Bower, David Abulafia, Richard Ovenden, Elif Shafak, Rob Rinder, Delphine Horvilleur, Richard Evans, John Gray, Julia Neuberger, Miri Rubin, and Jonathan Drori, 

## **Authors in Schools Programme** 

Philip Skelker and Stephanie Marcus have continued to grow this programme substantially, taking some of our generous festival authors to several new schools, as well as others with whom we have already formed an ongoing relationship. This programme allows young people access to the inspiring experience of listening to and questioning authors, whose books explore, reflect and help to shape the cultural currents of our times. Over 20 events were held, mostly online. Presenting at the London Girls’ School Association meeting has enabled us to build relationships with Wimbledon High School, More House, Streatham and Clapham High School, Channing School, St Margaret’s, Bushey, St James’s Girls and Boys School and Queen’s Gate, School. 

Besides the core programme, Philip and Stephanie have developed an ongoing programme involving speakers on the Holocaust who visit a number of our secular schools, both state and private. Moving forward, we hope to attract more secondary schools, and introduce events for primary school pupils; the office will continue to support Philip and Stephanie in any way required. 

## **Translation Fellowship** 

The second iteration of the Emerging Jewish Writers in Translation programme saw a change in format from the 2019 programme held in Venice; in April and May 2021 a group of five writers and five translators worked together remotely, instead of meeting together in a workshop setting. The format changed by necessity because of the pandemic; however, writers and translators alike have made it known that it worked extremely well. The writers came from France, Germany, Poland, Spain and the Netherlands, working with their translators on translating a short piece of their work into English. The aim was, once again, to offer emerging European Jewish writers the opportunity of having a piece of their work translated into English, showcasing the variety of Jewish experiences in contemporary Europe. 

The standard of this year’s candidates’ work was excellent. The pieces, all highly personal, reflected the range of the writers’ experiences as Jews living in different European countries, in diverse circumstances, from the Spanish writer, Dory Sontheimer, drawing on her upbringing of being raised a Catholic in Barcelona, only to discover later that her parents were Jewish refugees from Nazi Germany, to inform her work; to the Israeli author writing in German, Tomer Dotan-Dreyfus, (Tomer has since received recognition for his first novel, Birobidzhan, from the Berliner Senate) who is motivated by the importance of presenting the Jewish experience to a German speaking audience. 

Writers and translators gathered on Zoom in May to hear extracts from one another’s translated pieces and to talk about their experiences, which were overwhelmingly positive. Both writers and translators spoke movingly about working on the pieces together, and the importance of the subjects presented. 

The pieces are currently with the editor of the Jewish Review of Books, Abe Socher, and it is hoped that he will publish a selection of the translated works. An anthology of the pieces is planned, which will act as a calling card to British publishers and as a way of promoting the authors’ work to a Jewish Book Week audience at the 2022 festival, when there will be an event on translation that will include an element of this programme. 

4 



**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **REPORT OF THE COUNCIL OF MANAGEMENT** 

## **Genesis Jewish Book Week Emerging Writers Programme** 

This new programme, offering mentorship, peer support, bursaries and development opportunities to writers at the beginnings of their careers, was launched in 2021 with funding and support received from the Genesis Foundation. The programme opened for submissions in April 2021 and ten emerging writers were selected from the approximately 150 applications received. These writers are working in the fields of poetry, fiction, journalism and non-fiction and have each been paired with an appropriate mentor to help them develop a writing project with a connection to the theme of ‘Beginnings’. The programme will run until March 2022, and an event will be held at the 2022 festival to discuss and commemorate the writers’ and mentors’ experiences on the programme. 

## **FINANCES** 

Despite a huge amount of uncertainty around the format of the 2021 festival, Jewish Book Week was fortunate to receive considerable financial support from both individual and grant-making trusts. The year’s budget was compiled with the understanding that the Jewish Book Council’s ability to generate income from events would be significantly impacted by lockdowns and/or travel restrictions. This awareness, along with the support received from our principal sponsors Dangoor Education and Eduard Shyfrin and Family, as well as Trusts such as The Maurice Wohl Charitable Foundation, the National Library of Israel, the Pears Foundation, The Edith and Ferdinand Porjes Charitable Trust, and The Shoresh Charitable Trust and many generous benefactors, meant that JBW2021 performed in line with financial expectations. 

None of the staff were furloughed and all continued to work remotely after the temporary closure of the organisation’s main office in April 2021. 

## _**Reserves Policy**_ 

On 30 June 2021 the charity held unrestricted funds of £351,250 (2020: £300,691). The charity relies on donations, sponsorship and grants to meet more than half the cost of its activities, mainly those of the festival. As these costs increase and as financial arrangements for the festival are committed as much as a year in advance, the Council of Management believe that in today’s economic climate the achieved level of unrestricted funds, £280,000 to £300,000 (2020: £280,000 to £300,000) which equates to approximately twelve months of expenditure, together with amounts to cover planned project costs and capital expenditure, is prudent. 

The Council of Management runs the finances in a very careful and cost-effective fashion to maintain our stability 

and continuity. 

The charity also holds restricted funds of £29,925 (2020: £9,642) at 30 June 2021, which are to be spent on specific 

projects. 

The Council of Management reviews the reserves policy on an annual basis. 

## _**Risk Management**_ 

The Council of Management has examined the major risks that the charity faces and confirms that systems have been established so that the necessary steps can be taken to manage those risks. 

## **GOING CONCERN** 

In light of the finance information set out above, the Trustees feel confident that they have considered every reasonable eventuality and that the Jewish Book Council is a going concern. 

5 



## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **REPORT OF THE COUNCIL OF MANAGEMENT** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## _**Constitution**_ 

The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association. 

## _**Council of Management**_ 

The Council of Management, who are also directors for the purposes of the Companies Act 2006 and trustees for Charity Act purposes, who served during the period to date were: 

- Antony Grossman 

- Robin Hilton 

- Paul Israel FCA 

- Stephanie Marcus 

- Peter Musgrave FCA (Resigned 12 October 2020) 

- Gail Sandler (Resigned 26 May 2021) 

- Lucy Silver (Resigned 26 May 2021) 

- Romie Tager (Resigned 26 October 2020) 

- Anne Webber 

## _**Recruitment and Appointment of Members of the Council of Management**_ 

The number of members of the Council of Management shall be no less than three and no more than twenty. 

The Council of Management may from time to time and at any point appoint any member of the Book Council as a member of the Council of Management, either to fill a casual vacancy or by the way of addition to the Council of Management, provided that the prescribed maximum is not exceeded. Any member so appointed shall retain his or her office until the next Annual General Meeting, but he or she will then be eligible for re-election. 

A member of the Council of Management may resign at any time by serving written notice to the Book Council. 

No person who is not a member of the Book Council shall in any circumstances be eligible to hold office as a member for the Council of Management. 

The holder of the position of President is the previous Chair(s) upon retirement. The President is no longer a member of the Council of Management and therefore not a trustee (or director for the purposes of company law). The term of President ends when the current Chair(s) retires. The President may, however, be co-opted to any of above as agreed by the Chair(s). 

When considering the appointment of new Council of Management Members, personal recommendations are duly considered having regard to the requirement for any specialist skills as needed. Any potential candidates must then serve on the Jewish Book Council for a period of time before being eligible for appointment to the Council of Management. 

## _**Members of the Council of Management**_ – _**Induction & Training**_ 

New members of the Council of Management are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee, the strategies, recent financial performance and the decision-making processes of the charity. 

Most of the members of the Council of Management are or were professionals in their own fields who offer the broad mix of skills required by the Charity and are already familiar with their responsibilities and the practical work of the Charity. 

6 



JEWISH BOOK COUNCIL
IA Company Llmit&d by Guarante9)
REPORT OF THE COUNCIL OF MANAGEMENT
Or9anlsatlon
The Council ol Managemènt meet and conv8ne as necessary 8nd Its members are In frequent communicats'on. All
decisions on the 5tralegic direclion and policy ol the charity are made by the Council of Management. The day to
day managetnent of the charity Is delegated 10 th8 Executive Dtrector but all decision8 are subj'ect lo approval ol Ihg
Council ol Management.
Statement of Counoll of Management's Responslbllltles
The Counal of Management is responsiblo for pr8paring thè Report of Ihe Council ol Management and the finanoal
slalon)enls In accordance wllh £ppllcable law ar￿ United Kingdotn Accounting Standards Iunitgd Kingdom
GenerAlly Accepted Accounting Practi￿1.
Company and charity law requir?s the Council of Man8gernenl lo prepare financial s181ernenls for each financial
year. Under th8s818ws the Councrf of Management has eleGtetJ to prepare the financial slalemeThts in aecordance
wilh United Kirydom Generally Accepted Accounting Praciic8 (United Kingdorn Accounting Standards and
applicable lawl. Under company and charity law the Council ol Management musl not apwove Ihe financi81
statements unless 5115 satisfied Ihgt they give a true and fair view ol the state of affalrs of Ih8 charllable cotnpany
and of the surplus or deficil lor that period. In preparing th8sg finawlal statements. the Council of Management is
roquir8d to..
- select sultable accounting pdlcles and th8n apply Ihem eonsistenlly..
ob58rve the methods and principles In the CharlU&s SORP 2016 IFRS 1021..
make judgemenls and accounting esumates th31 are reasonablè and prudent..
state whelher appllcable accounting sland8rds have been followed, subJect to any material
departurès dlsclosed and explained Sn the fiTrancial s¢alem6nts',
- prepar8 Ihe flnanclal ststemenls on the going ¢on¢em basis unle8s11 1$ inapproprfal8 to presurno
that the charitabJ8 u>mpany wlll coThllnue In busSness.
The Coun¢il of Managem8nl Is resp(￿sible for keeplng adequate accountlng rtcord8 that are 5uffici6nt lo show and
èxplain the charilable company's Irsnsaclions and disclose wSlh reason8Ue accuiacy at any lime the financial
Position ol the c(mpany and enab￿ il to ensure that the finandal stalernènls CoM￿Y ￿th the Companies Ael 20D8. 11
is also responsible lor5afeguarding the assets ol the company and herKe for taklng reasonaue steps for th8
prevention and del8cllon ol Iraud and olher 1rrègu18r1￿9S.
By Order ol tho Board
Antony Gr05$man
Co Chalr
Pau
e8surer
<1 FCA
D8te'.
/ nj

## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS** 

I report to the Council of Management on my examination of the accounts of the company for the year ended 30 June 2021 which are set out on pages 9 to 18. 

## **Responsibilities and basis of report** 

As the Council of Management of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’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 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of The Institute of Chartered Accountant England & Wales, which is one of the listed bodies. 

I have completed my examination. I confirm that no 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 company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 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 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

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. 


## **M A Wilkes (FCA)** 

**For and on behalf of Azets Audit Services** Greytown House, 221/227 High Street Orpington, Kent, BR6 0NZ 

## **Date:** 


8 



## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021** 

## **Income and Expenditure Account** 

||**Notes**|**Unrestricted**|**Restricted**|**Total**|**funds**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**||**2021**|
|||**£**|**£**|**£**|**£**|
|**Income from:**||||||
|Donations|**2**|146,476|69,644|216,120|215,967|
|Charitable activities|**3**|53,197|-|53,197|74,781|
|Investment income|**4**|771|-|771|287|
|**Total income**||**200,444**|**69,644**|**270,088**|**291,035**|
|**Expenditure from:**||||||
|Raising Funds||7,752|-|7,752|9,277|
|Charitable activities||142,133|49,361|191,494|246,534|
|**Total expenditure**|**5**|**149,885**|**49,361**|**199,246**|**255,811**|
|**Net movement in funds**||**50,559**|**20,283**|**70,842**|**35,224**|
|**Balance brought forward at**||||||
|**1 July 2020**||300,691|9,642|310,333|275,109|
|**Balances carried forward at**||||||
|**30 June 2021**||**351,250**|**29,925**|**381,175**|**310,333**|



All transactions are derived from continuing activities. 

All recognised gains and losses are included in the Statement of Financial Activities. 

9 



## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVE INFORMATION FOR THE YEAR ENDED 30 JUNE 2020** 

## **Comparative Income and Expenditure Account** 

||**Notes**|**Unrestricted**|**Restricted**|**Total funds**|
|---|---|---|---|---|
|||**Funds**|**Funds**|**2020**|
|||**£**|**£**|**£**|
|**Income from:**|||||
|Donations|**2**|146,787|69,180|215,967|
|Charitable activities|**3**|74,781|-|74,781|
|Investment income|**4**|287|-|287|
|||__________|__________|__________|
|**Total income**||**221,855**|**69,180**|**291,035**|
|**Expenditure from:**|||||
|Raising Funds||9,277|-|9,277|
|Charitable activities||181,030|65,504|246,534|
|**Total expenditure**|**5**|**190,307**|**65,504**|**255,811**|
|**Net movement in funds**||**31,548**|**3,676**|**35,224**|
|**Balance brought forward at**|||||
|**1 July 2019**||269,143|5,966|275,109|
|||__________|__________|__________|
|**Balances carried forward at**|||||
|**30 June 2020**||**300,691**|**9,642**|**310,333**|



10 



JEWISH BOOK COUNCIL
IA Company Llmltgd by Guaranlee)
Company numbar.. 01989333
BALANCE SHEET
AS AT 30 JUNE 2021
' Note
2021
2020
Flxed Assets
670
1.005
Current Assets
O&blors
Cash at bank arhd in hand
10
27.204
359,453
1,880
315.903
386,657
317.783
Creditors: amounts falllng
due withSn one year
11
16.1521
18.4551
Not Current Assots
380,305
309.328
Net Assets
381,175
310,333
Represented by..
Unrestricted funds
Restricted funds
351,250
29,925
300.691
9,642
12
13
381.1Y5
310,333
The Charitsble company Is ent511ed to exemptSon from audlt uAder Seciion 477 01 the Companies Act 2LK)6 for year
ended 30 Jun6 2021.
Th8 memb8rs have not required the chariiable company to oblaln an audit of Its flnanclal s¢at8menl8 for the year ended
30 Junè 2021 in accordanc8 with S8clion 476 of Ihe Companles Act 2008.
The Coundl of Management acknowledge Sls r6sponsibllllies tor..
lal ensuring that the charitable company keeps aceounliii9 ￿cOrdS whlch comply wilh Sections 386
and 387 of the Companies Acl 2006 and
Ibl preparing fillancial stalernents which give a true and fAif vi8w of thè 818te of affairs of th8 charitable
ompany as at the end ol each fir¢ancial year and of ils surplus or loss for each financlal year in
accordance with the r8qulrem6nts of Sectlons 394 and 395 and whlch olhernlse Comply with the
quiremenls ol Ihe Companies Act 2006 rèlating to financial slaktnenls. so fai as 8ppllc8ble to the
chariiabl& company.
The financial statements were approved by Ihe Council of Managernent on / Lil and were s[gr￿d
on ils bghalf by:
Antony Grossmon
Chair
el FCA
on Troasurfrr

## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** 

## **1. ACCOUNTING POLICIES** 

## **1.1 Basis of preparation** 

The Jewish Book Council is a company limited by guarantee in the United Kingdom. In the event of the charitable company being wound up, the liability in respect to the guarantee is limited to £1 per member of the charitable company. The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charitable company’s operations and principal activities are set out on page 3. 

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015 updated for bulletin 1 & 2. 

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity. 

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

## **1.2 Income** 

All income is included in the Statement of Financial Activities (SOFA) when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: 

- Voluntary income including donations and grants is included in the SOFA when receivable. 

- Income from charitable activities includes admission fees to events for the promotion and education of Jewish Literature and is recognised in the year in which it is receivable and when the charity becomes entitled to the income. 

- Investment income is included when receivable. 

## **1.3 Expenditure** 

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. The irrecoverable element of VAT is included with the item of expense to which it relates. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: 

- Costs of raising funds are those costs incurred in attracting voluntary income. 

- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities. It includes both costs allocated directly to such activities and those costs of an indirect nature necessary to support them. 

## **1.4 Support costs allocation** 

- Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out the Head Office. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of rising funds and expenditure on charitable activities on a basis consistent with use of the resources. 

- Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. 

- 

- The analysis of these costs is included in note 6. 

12 



## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** 

## **1.5 Funds accounting** Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the Council of Management. 

Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restriction arises when specified by the donor or when funds are raised for particular restricted purposes 

## **1.6 Tangible fixed assets** 

Tangible fixed assets are stated at cost less depreciation. Items over £500 are capitalised. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives as follows: 

Computers and equipment - 33.3% straight line Website - 33.3% straight line 

**1.7 Debtors and creditors receivable / payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 

## **1.8 Cash at bank and in hand** 

Cash at bank and in hand are short-term, highly liquid investments that are readily convertible to known amounts of cash that are subject to an insignificant risk of changes in value. 

## **1.10 Taxation** 

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and it is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. The Charity is unable to recover Valued Added Tax (VAT) incurred on. The amount of VAT that cannot be recovered is included within the underlying cost to which it relates. 

## **1.11 Operating Leases** 

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. 

## **1.12 Going concern** 

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. This included consideration of the effect of the Covid-19 virus on the Charity's operations. 

## **1.13 Judgements and key sources of estimation uncertainty** 

Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 

13 



## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** 

## **2. INCOME FROM DONATIONS** 

|Donations & sponsorship<br>Grant receivable<br>Core grants<br>Translation fellowship<br>Emerging writers programme<br>Green Bean Book Prize<br>**3.**<br>**INCOME FROM CHARITABLE ACTIVITIES**<br>Contribution from ticket sales<br>Share of book sales<br>Other events<br>**INVESTMENT INCOME**<br>Interest receivable on bank and cash deposits<br>**ANALYSIS OF EXPENDITURE**<br>**Direct**<br>**Support**<br>**costs**<br>**costs**<br>**£**<br>**£**<br>**Raising funds**<br>7,752<br>-<br>**Charitable activities:**<br>Venue and event costs<br>21,498<br>35,489<br>Educational costs<br>28,039<br>106,468<br>**Total expenditure**<br>**57,289**<br>**141,957**|**2021**<br>**£**<br>**2020**<br>**£**<br>126,476<br>121,787<br>57,144<br>64,180<br>10,000<br>30,000<br>12,500<br>-<br>10,000<br>-<br>**216,120**<br>**215,967**<br>**2021**<br>**£**<br>**2020**<br>**£**<br>47,274<br>65,282<br>408<br>3,600<br>5,515<br>5,899<br>**53,197**<br>**74,781**<br>**2021**<br>**£**<br>**2020**<br>**£**<br>**771**<br>**287**|
|---|---|
||**Total**<br>**Total**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>7,752<br>9,277<br>56,987<br>84,561<br>134,507<br>161,973<br>**199,246**<br>**255,811**|



## **0. INVESTMENT INCOME** 

## **1.** 

All costs are allocated between the expenditure categories noted above on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, for example, time spent. 

14 



## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** 

## **6. SUPPORT COSTS** 

||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Staff costs and expenses (see note 8)|123,225|127,759|
|Administration and secretarial|13|13|
|General office|8,483|12,640|
|Computer costs|5,538|4,011|
|Other costs|1,288|1,343|
|Governance costs (see note 7)|3,410|4,264|
||**141,957**|**150,030**|



## **4. GOVERNANCE COST** 

||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Independent Examination|2,030|1,969|
|Professional fees|-|720|
|Insurance|684|1,185|
|General office|696|284|
|Recruitment|-|106|
||_________|_________|
||**3,410**|**4,264**|



## **0. STAFF AND COUNCIL OF MANAGEMENT REMUNERATION** 

||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Salaries and wages|108,707|113,667|
|Social Security costs|11,783|11,383|
|Pensions|2,735|2,602|
|Expenses|-|106|
||**123,225**|**127,758**|



There were no employees earning more than £60,000 during the year (2020: None). 

The average number of employees during the financial year was 3 (2020: 4 – by head count). 

Trustee indemnity insurance of £224 (2020: £254) was paid during the year. 

The key management personnel comprise those listed on page 2. The total employments benefits including employer national insurance and employer pension contributions of key management personnel was £126,532 (2020: £120,268). 

All members of the Council of Management give their time freely and no member remuneration or any other benefits were paid in the year. The members were reimbursed for expenses totalling £nil (2020: £nil). 

15 



## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** 

|9.|**TANGIBLE FIXED ASSETS**|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||**Website**|||**Computers and**||**Total**||
|||||||**Equipment**||||
||||**£**|||**£**||**£**||
||**Cost**|||||||||
||As at 1 July 2020 and 30 June 2021||20,714|||7,984|||28,698|
||**Depreciation**|||||||||
||As at 1 July 2020||20,714|||6,979|||27,693|
||Charge in year||||-||335||335|
||As at 30 June 2021||20,714|||7,314|||28,028|
||**Net Book Values**|||||||||
||At 30 June 2021||||**-**||**670**||**670**|
||30 June 2020||||**-**|1,005|||1,005|
|**10.**|**DEBTORS**||||||**2021**|**2020**||
||||||||**£**||**£**|
||Other debtors|||||**27,204**||**1,880**||
|**11.**|**CREDITORS: AMOUNTS FALLING**|**DUE**|||||**2021**||**2020**|
||**DUE WITHIN ONE YEAR**||||||**£**||**£**|
||Other creditors||||||1,132||393|
||PAYE creditor||||||3,320|5,692||
||Other creditors and accruals||||||1,700|2,370||
||||||||**6,152**|**8,455**||
|**12.**|**RESTRICTED FUNDS**|||||||||
|||**Balance at 1**||||||**Balance at**||
||**2021**|**July 2020**||**Income**||**Expenditure**||**30 June 2021**||
|||**£**||**£**||**£**||**£**||
||Arts Council England|-||10,144||10,144|||-|
||Pears Foundation|-||10,000||10,000|||-|
||Edith and Ferdinand Porjes|2,048||7,000|||7,000||2,048|
||Charitable Trust|||||||||
||Maurice Wohl Charitable|-||10,000||10,000|||-|
||Foundation|||||||||
||Rothschild Foundation -|||||||||
||Hanadiv Europe–re translation|||||||||
||fellowship|6,098||10,000|||5,804||10,294|
||Rothschild - Green Bean Book|-||10,000|||2,750||7,250|
||Award|||||||||
||Genesis Foundation|-||12,500|||2,167||10,333|
||Other restricted funds|1,496|||-||1,496||-|
|||**9,642**||**69,644**||**49,361**|||**29,925**|



16 



## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** 

## **12. RESTRICTED FUNDS (Continued)** 

||**Balance at 1**|||**Balance at**|
|---|---|---|---|---|
|**2020**|**July 2019**|**Income**|**Expenditure**|**30 June 2020**|
||**£**|**£**|**£**|**£**|
|Arts Council England|-|9,180|9,180|-|
|Pears Foundation|-|10,000|10,000|-|
|Edith and Ferdinand Porjes|5,966|7,000|10,918|2,048|
|Charitable Trust|||||
|Maurice Wohl Charitable|-|10,000|10,000|-|
|Foundation|||||
|Rothschild Foundation|-|30,000|23,902|6,098|
|Hanadiv Europe– re translation|||||
|fellowship|||||
|Other restricted funds|-|3,000|1,504)|1,496|
||__________|__________|__________|__________|
||**5,966**|**69,180**|**65,504**|**9,642**|



Arts Council England (ACE) 

Contributing to events covering fiction in translation, literature and festival accessibility 

Pears Foundation 

Edith and Ferdinand Porjes Charitable Trust 

Towards core funding of costs incurred during Jewish Book Week 

Part funds salary of festival coordinator, contributes to running costs of festival and triennial Porjes Prize 

The Maurice Wohl Charitable Foundation 

Funding towards Jewish Book Week 2020 

Rothschild Green Bean Book Award 

A new prize awarded to authors and illustrators working on children's books with a Jewish theme 

Genesis Foundation 

A programme for the mentorship and financial support of ten emerging writers 

Rothschild Foundation Hanadiv Europe re translation fellowship 

Other restricted funds 

– Special project fellowship for emerging writers in translation 

Funding towards virtual events in 2019/20 and 2020/21 and Jewish Book Week in 2018/19 



## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** 

## **13. ANALYSIS OF NET ASSETS BETWEEN TOTAL FUNDS** 

|**Unrestricted**<br>**2021**<br>**funds**<br>**£**<br>Fixed assets<br>670<br>Current assets<br>356732<br>Current liabilities<br>(6,152)<br>**351,250**|**Restricted**<br>**funds**<br>**£**<br>-<br>29,925<br>-<br>**29,925**|**Total**<br>**£**<br>670<br>386,657<br>(6,152)<br>**381,175**|
|---|---|---|



|**13.**<br>**ANALYSIS OF NET ASSETS BETWEEN TOTAL FUNDS (Cont.)**<br>**Unrestricted**<br>**2020**<br>**funds**<br>**£**<br>Fixed assets<br>1,005<br>Current assets<br>308,141<br>Current liabilities<br>(8,455)<br>**300,691**|**Restricted**<br>**funds**<br>**£**<br>-<br>9,642<br>-<br>**9,642**|**Total**<br>**£**<br>1,005<br>317,783<br>(8,455)<br>**310,333**|
|---|---|---|



## **14. SHARE CAPITAL** 

The company is limited by guarantee and has no share capital. The liability of its members is limited to £1 per member. 

## **15. RELATED PARTY TRANSACTIONS** 

There were no related party transactions during the year. 

18