## **JEWISH BOOK COUNCIL**
**(A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023**
**Registered Charity No. 293800 Registered Company No. 01989333**
**AZETS AUDIT SERVICES River House 1 Maidstone Road Sidcup Kent DA14 5RH**
**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|7|
|Statement of Financial Activities|8|
|Balance Sheet|10|
|Notes to the Financial Statements|11|
1
**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**President** Gail Sandler Lucy Silver **Honorary Life Presidents** Marion Cohen Marilyn Lehrer **Council of Management** Antony Grossman – Chair Dr Alexander Gordon Robin Hilton Paul Israel FCA - Hon Treasurer Stephanie Marcus Anne Webber **Members of the Book Council** Marion Cohen Avi Goldberg Antony Grossman Robin Hilton Paul Israel Stephanie Marcus Judith Reinhold Philip Skelker Anne Webber **Management Team** Claudia Rubenstein – Festival Director Sarah Fairbairn – Head of Production Sarah Gluckstein – Festival Coordinator **Charity Registration Number** 293800 **Company Registration Number** 01989333 **Registered Office** 4/4a Bloombsbury Square London WC1A 2RP **Independent Examiner** M A Wilkes FCA Azets Audit Services River House, 1 Maidstone Road Sidcup, Kent DA14 5RH **Bankers** Barclays Bank PLC Leicester, LE87 2BB
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 2023. 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 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 and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
## _**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 Jewish Book 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. It is considered that the charity’s focus is a significant factor ensuring JBW’s ongoing success in this era of burgeoning cultural activities. In recent years the organisation has become known by the name of its annual festival, making it unclear to funders and audience members as to the full range of activities undertaken by the Jewish Book Council (and also creating confusion with the similar charity with the same name in the United States). Therefore, the trustees undertook a rebranding exercise, and it was deemed appropriate to change the organisation’s name from The Jewish Book Council to The Jewish Literary Foundation. The flagship festival will be known as ‘Book Week’ presented by the Jewish Literary Foundation. The festival will remain an integral part of the organisation, while the new name and brand values will provide the organisation with a platform to promote its other activities besides the festival – writers’ development programmes, an authors in schools programme, translations workshops and prizes, a rich and curated archive.
## _**The Jewish Book Week Team**_
The team comprises of three permanent members of staff: Executive and Creative Director Claudia Rubenstein, Production Director Sarah Fairbairn, and [Festival Coordinator] Sarah Gluckstein. The team is augmented by the provision of consultancy advice in relation to marketing and PR. Sarah Fairbairn is currently onparental leave and . her role in festival related matters and the Genesis Emerging Writers programme is being filled by two part-time temporary staff.
## _**The 2023 Festival**_
The 72nd festival took place at Kings Place and online from 25 February – 5 March 2023. Audience attendance was far stronger than the previous year, with a 55% increase in ticket sales. The 2023 festival achieved more in line with the 2020 final ticket sales figures, pointing to a strong post-pandemic recovery.
The festival featured 71 in person events and 16 online events. Access remains a priority to the organization and as such, 20 events were presented free of charge – four online, and the rest in hall at Kings Place. £5 tickets were offered to all under-30s across all events, and to concessions and those experiencing financial difficulties.
3
**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **REPORT OF THE COUNCIL OF MANAGEMENT**
The 2023 festival featured high-profile speakers, debut authors, and the ever-popular topic led events. A key feature of the 2023 festival was a return to several sell out events at Kings Place. Well attended events included not only traditionally popular authors such as Nicholas Hytner, Bill Browder, Howard Jacobson, Shalom Auslander, Janet Suzman, Simon Sebag-Montefiore and Jonathan Freedland, but topical panel discussions (Ukraine and Israel) and topic led events, notably Muppets in Moscow, Leonard Cohen in the Sinai, the lives of Joseph Roth and Stefan Zweig. The digipass, allowing access to all online events, continued to be popular. Digital events tended to feature international authors, predominantly from the US and Israel, featuring topics as diverse as Hannah Arendt’s feud with Isaiah Berlin to the Abraham Accords.
The post-festival audience survey, which bore out independent research undertaken by the Audience Agency, highlighted that c.25% of customers were new to the festival, c. 70% identify as Jewish, and the largest age demographic remains the over 65s, closely followed by the 55 – 64 age group. The majority live in London. An integral part of our strategy moving forward is the development of these core groups, while finding ways to engage both a younger audience, and a growing international audience.
## _**Authors in Schools Programme**_
Led by Stephanie Marcus and Philip Skelker, over 20 events were held last year, some virtual and some in person. This year to date, authors Hella Pick, Debra Barnes and David Bolchover have spoken, with many more events planned. Moving forward the professional team will offer more assistance to the stakeholders who head up this project, to enable the programme to grow. Specific funding is being sought to enable this project to be expanded.
## _**Jewish Book Week On Tour**_
Having been dormant because of staffing and covid-related issues, satellite events are being planned once more in Leeds, Oxford and Cambridge, enabling Book Week authors to go ‘on tour’.
## _**Genesis Jewish Book Week Emerging Writers Programme**_
Funding has been confirmed for an additional two years and applicants for the 2023 / 2024 programme have been confirmed. We have secured additional funding over two years from Genesis for an extension to the current programme, to include a workshop for the writers. The ten mentors for the forthcoming programme are Michael Pederson (poetry), Sarah Blake (poetry), Jen Calleja (poetry), Helen Fry (non-fiction), Viv Groskop (non-fiction), Kieron Pim (non-fiction), Sophie Mackintosh (fiction), Ruth Gilligan (fiction), Adam Lebor (fiction), Julie Cohen (fiction).
## _**Green Bean Children’s Book Awards**_
Rothschilds Hanadiv Europe has agreed to fund the prize for a second year and the call for submissions opened in September.
## _**Jewish Book Week Archive**_
Jewish Book Week received a very generous donation from the Klein Family Foundation to properly showcase our archive, which features nearly 1000 recordings of our events over the past 15 years. The recordings have now been uploaded to a new platform, Muse.ai, and the archive will form an integral part of the Jewish Literary Foundation’s new website. The full launch of the archive is scheduled to coincide with our brand relaunch at the beginning of December.
## **FINANCES**
The 2023 festival saw a significant increase in attendees from the 2022 festival, which was affected by the effects of covid outbreak and a mid-week tube strike hampering audience attendance. The organisation is fortunate to receive considerable financial support from both individual and grant-making trusts.
The support received from our principal sponsors Dangoor Education and Eduard Shyfrin and Family, as well as Trusts such as The Edith and Ferdinand Porjes Charitable Trust, the National Library of Israel, the Pears Foundation, The Maurice Wohl Charitable Foundation, and The Shoresh Charitable Trust and many generous benefactors, meant that the organisation's activities were able to proceed as planned. The organisation also administers and manages several projects for which it receives restricted income from funders such as the Genesis Foundation and the Klein Family Foundation. Much of this income remains in restricted accounts after the close of the financial year as the associated projects are ongoing.
4
**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **REPORT OF THE COUNCIL OF MANAGEMENT**
## **FINANCES (Continued)**
## _**Reserves Policy**_
On 30 June 2023, the charity held unrestricted funds of £301,236 (2022: £330,466). 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 (2022: £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 £64,158 (2022: £104,746) at 30 June 2023, 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.
## **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:
- Dr Alexander Gordon – appointed 20 July 2022
- Antony Grossman
- Robin Hilton
- Paul Israel FCA
- Stephanie Marcus
- 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).
5
**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **REPORT OF THE COUNCIL OF MANAGEMENT**
## _**Recruitment and Appointment of Members of the Council of Management (continued)**_
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.
## _**Organisation**_
The Council of Management meet and convene as necessary and its members are in frequent communication. All decisions on the strategic direction and policy of the charity are made by the Council of Management. The day to day management of the charity is delegated to the Executive Director but all decisions are subject to approval of the Council of Management.
_**Statement of Council of Management’s Responsibilities**_
The Council of Management is responsible for preparing the Report of the Council of Management and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company and charity law requires the Council of Management to prepare financial statements for each financial year. Under these laws the Council of Management has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company and charity law the Council of Management must not approve the financial statements unless it is satisfied that they give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit for that period. In preparing these financial statements, the Council of Management is required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2016 (FRS 102);
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Council of Management is responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable it to ensure that the financial statements comply with the Companies Act 2006. It is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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By Order of the Board
Antony Grossman Paul Israel FCA
Co Chair Treasurer
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Date: 8 December 2023.
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6
**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 2023 which are set out on pages 8 to 17.
## **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 River House, 1 Maidstone Road Sidcup, Kent, DA14 5RH
**Date:** 20 December 2023.
7
**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023**
## **Income and Expenditure Account**
|**Notes**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
**Income from:**
Donations
**2**
114,090
125,000
Charitable activities
**3**
68,905
-
Investment income
**4**
1,152
-
__________
__________
**Total income**
184,147
125,000
__________
__________
**Expenditure from:**
Raising Funds
20,421
-
Charitable activities
192,956
165,588
__________
__________
**Total expenditure**
**5**
213,377
165,588
__________
__________
**Net movement in funds**
(29,230)
(40,588)
**Balance brought forward at**
**1 July 2022**
330,466
104,746
__________
__________
**Balances carried forward at**
**30 June 2023**
301,236
64,158
|**Total funds**
**2023**
**2022**
**£**
**£**
239,090
328,724
68,905
51,724
1,152
394
__________
__________
309,147
380,842
__________
__________
20,421
11,880
358,544
314,925
__________
__________
378,965
326,805
__________
__________
(69,818)
54,037
435,212
381,175
__________
__________
365,394
435,212
|
|---|---|
All transactions are derived from continuing activities.
All recognised gains and losses are included in the Statement of Financial Activities.
8
## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVE INFORMATION FOR THE YEAR ENDED 30 JUNE 2022**
## **Comparative Income and Expenditure Account**
|**Notes**
**Unrestricted**
**Funds**
**£**
**Income from:**
Donations
**2**
104,800
Charitable activities
**3**
51,724
Investment income
**4**
394
__________
**Total income**
156,918
__________
**Expenditure from:**
Raising Funds
11,880
Charitable activities
265,822
__________
**Total expenditure**
**5**
177,702
__________
**Net movement in funds**
(20,784)
**Balance brought forward at**
**1 July 2021**
351,250
__________
**Balances carried forward at**
**30 June 2022**
330,466
|**Restricted**
**Total funds**
**Funds**
**2022**
**£**
**£**
223,924
328,724
-
51,724
-
394
__________
__________
223,924
380,842
__________
__________
-
11,880
149,103
314,925
__________
__________
149,103
326,805
__________
__________
74,821
54,037
29,925
381,175
__________
__________
104,746
435,212
|
|---|---|
9
**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **Company number: 01989333**
## **BALANCE SHEET AS AT 30 JUNE 2023**
|**Note**
**2023**
**2022**
**£**
**£**
**£**
**Fixed Assets**
**8**
-
**Current Assets**
Debtors
**9**
1,500
-
Cash at bank and in hand
375,206
442,006
__________
__________
376,706
442,006
**Creditors:**amounts falling
due within one year
**10**
(11,312)
(6,794)
__________
__________
**Net Current Assets**
365,394
__________
**Net Assets**
365,394
__________
**Represented by:**
Unrestricted funds
301,236
Restricted funds
**11**
64,158
__________
**12**
365,394
|
**£**
-
435,212
__________
435,212
__________
330,466
104,746
__________
435,212
|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.
The Council of Management acknowledge its responsibilities for:
- (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Council of Management on 8 December 2023 and were signed on its behalf by:
**Antony Grossman Paul Israel FCA Chair Hon Treasurer**
10
**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **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 and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
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.
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## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **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 £1,000 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.
## **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.
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## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **2. INCOME FROM DONATIONS**
|**2023**
**£**
Donations & sponsorship
131,090
Grant receivable
Core grants
77,000
Genesis JBW Emerging writers programme
25,000
Klein Foundation Archive Project
-
Jewish Children’s Book Awards (Green Bean Books)
6,000
_________
239,090
_________
**3.**
**INCOME FROM CHARITABLE ACTIVITIES**
**2023**
**£**
Contribution from ticket sales
65,859
Share of book sales
3,046
__________
68,905
_________
**4.**
**INVESTMENT INCOME**
**2023**
**£**
Interest receivable on bank and cash deposits
1,152|**2022**
**£**
134,800
83,924
50,000
50,000
10,000
_________
328,724
_________
**2022**
**£**
49,392
2,332
__________
51,724
_________
**2022**
**£**
394|
|---|---|
|**5. ANALYSIS OF EXPENDITURE**
**Raising funds**
**Charitable activities:**
Venue and event costs
Educational costs
**Total expenditure**|**Staff**
**Direct**
**Support**
**costs**
**costs**
**costs**
**£**
**£**
**£**
-
20,421
-
114,232
74,291
49,256
38,077
66,270
16,418
__________
__________
__________
152,309
160,982
65,674
|**Total**
**Total**
**2023**
**2022**
**£**
**£**
20,421
11,880
237,779
205,780
120,765
109,145
__________
__________
378,965
326,805
|
|---|---|---|
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.
13
**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **6. SUPPORT COSTS**
|Property costs
General office
Insurance
Computer costs
Rebranding
Other costs
Governance costs
Independent Examination|**2023**
**£**
15,048
2,866
1,317
14,165
28,795
1,083
2,400
__________
65,674
__________|**2022**
**£**
25,483
3,133
1,367
9,201
-
1,438
2,030
__________
42,652
__________|
|---|---|---|
## **7. STAFF AND COUNCIL OF MANAGEMENT REMUNERATION**
||**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|Salaries and wages|133,947|125,017|
|Social Security costs|15,128|13,810|
|Pensions|3,234|3,307|
||_________|_________|
||152,309
_________|142,134
_________|
There were no employees earning more than £60,000 during the year None (2022: None).
The average number of employees during the financial year was 3 (2022: 3 – by head count).
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 £137,143 (2022: £127,764).
All members of the Council of Management give their time freely and no member remuneration or any other benefits were paid in the year. No members were reimbursed for expenses (2022: None).
14
**JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
|8.|**TANGIBLE FIXED ASSETS**|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||**Website**||**Computers and**|**Total**||
||||||||**Equipment**|||
||||||**£**||**£**|**£**||
||**Cost**|||||||||
||As at 1 July 2022 and 30 June 2023||||20,714||6,980||27,594|
||||||__________||__________|__________||
||**Depreciation**|||||||||
||As at 1 July 2022 and 30 June 2023||||20,714||6,980||27,694|
||||||__________||__________|__________||
||**Net Book Values**|||||||||
||At 30 June 2023 and 30 June 2022||||-
**__________**||-
**__________**|-
**__________**||
|9.|**DEBTORS**||||||**2023**||**2022**|
||||||||**£**||**£**|
||Other debtors||||||1,500
__________|-
__________||
|10.|**CREDITORS: AMOUNTS FALLING DUE**||||||**2023**|**2022**||
||**DUE WITHIN ONE YEAR**||||||**£**||**£**|
||Other creditors||||||1,378||1,076|
||PAYE creditor||||||3,559||3,528|
||Accruals||||||6,375||2,190|
||||||||__________|__________||
||||||||11,312
__________|6,794
__________||
|11.|**RESTRICTED FUNDS**|||||||||
|||**Balance at**||**1**||||**Balance at**||
||**2023**|**July 2022**||||**Income**|**Expenditure**|**30 June 2023**||
||||**£**|||**£**|**£**||**£**|
||Dangoor Foundation|||-||22,000|(22,000)||-|
||Edith and Ferdinand Porjes||5,048|||7,000|(11,099)||949|
||Charitable Trust|||||||||
||Esmee Fairbairn Foundation||5,000|||-|(5,000)||-|
||Genesis JBW Emerging Writers|||||||||
||Programme||9,340|||25,000|(31,307)||3,033|
||Jewish Children’s Book Awards|||||||||
||(Green Bean Books)||652|||6,000|(6,652)||-|
||Klein Foundation||49,912|||-|(14,736)||35,176|
||Maurice Wohl Foundation|||-||10,000|(10,000)||-|
||Pears Foundation|||-||10,000|(10,000)||-|
||Rothschild Foundation - JBW||25,000|||25,000|(25,000)||25,000|
||Rothschild Foundation – Youth|||||||||
||and family day|||-||20,000|(20,000)||-|
||Rothschild Foundation -|||||||||
||Hanadiv Europe – re translation|||||||||
||fellowship||9,794|||-|(9,794)||-|
|||__________|||__________||__________|__________||
|||104,746
__________|||125,000
__________||(165,588)
__________|64,518
__________||
15
## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
|**2022**
**Balance at 1**
**July 2021**
**£**
Arts Council England
-
Dangoor Foundation
-
Edith and Ferdinand Porjes
Charitable Trust
2,048
Esmee Fairbairn Foundation
-
Genesis JBW Emerging Writers
Programme
10,333
Jewish Children’s Book Awards
(Green Bean Books)
7,250
Klein Foundation
-
Maurice Wohl Foundation
-
Pears Foundation
-
Rothschild Foundation
-
Rothschild Foundation -
Hanadiv Europe – re translation
fellowship
10,294
__________
29,925
|**Income**
**Expenditure**
**Balance at**
**30 June 2022**
**£**
**£**
**£**
13,924
(13,924)
-
20,000
(20,000)
-
3,000
-
5,048
5,000
-
5,000
50,000
(50,993)
9,340
10,000
(16,598)
652
50,000
(88)
49,912
10,000
(10,000)
-
10,000
(10,000)
-
25,000
-
25,000
-
(500)
9,794
__________
__________
__________
223,924
(149,103)
104,746
|
|---|---|
Arts Council England (ACE)
Dangoor Foundation
Contributing to events covering fiction in translation, literature and festival accessibility
Sponsorship of Jewish Book Week
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
Esmee Fairbairn Foundation
Funding received from Trustees' Areas of Specialist Knowledge Grants
Klein Foundation
The Maurice Wohl Charitable Foundation
Funding to update and improve Jewish Book Week's digital archive
Funding towards Jewish Book Week.
Jewish Children’s Book Awards (Green Bean Books)
A prize awarded to authors and illustrators working on children's books with a Jewish theme
Genesis JBW Emerging Writers Programme
Rothschild Foundation Hanadiv Europe re translation fellowship
A programme for the mentorship and financial support of ten emerging writers
Special project –fellowship for emerging writers in translation
16
## **JEWISH BOOK COUNCIL (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **12. ANALYSIS OF NET ASSETS BETWEEN TOTAL FUNDS**
|**Unrestricted**
**funds**
**Restricted**
**funds**
**£**
**£**
**Current year – 2023**
Current assets
312,548
64,158
Current liabilities
(11,312)
-
**_____________**
**____________**
301,236
64,158
_____________
____________
**Prior year – 2022**
Fixed assets
Current assets
337,260
104,746
Current liabilities
(6,794)
-
**_____________**
**____________**
336,466
104,746
|**Total**
**£**
376,706
(11,312)
**_____________**
365,394
_____________
442,006
(6,794)
**_____________**
435,212
|
|---|---|
## **13. SHARE CAPITAL**
The company is limited by guarantee and has no share capital. The liability of its members is limited to £1 per member.
## **14. RELATED PARTY TRANSACTIONS**
There were no related party transactions in the year.
17