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2021-12-31-accounts

THE WIENER HOLOCAUST LIBRARY TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Collect, Preserve, Share Keeping truth alive since 1933

Registered Company No: 00596820 Registered Charity No: 313015

THE WIENER HOLOCAUST LIBRARY

CONTENTS

Page
Trustees’ report
Chair’s Foreword 2
Mission, Achievements, Future 3
Financial Review, Fundraising 6
Organisational Disclosures 8
Trustees’ Responsibilities 10
Reference and administrative information 11
Financial Statements
Statement of financial activities 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15
Independent auditor’s report 26

THE WIENER HOLOCAUST LIBRARY

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

CHAIR’s FOREWORD

First and foremost, I wish to pay tribute to all my colleagues at The Library, whether that be my fellow Trustees (individually and collectively as a Board), the Director, his senior management team, and all members of staff for their steadfastness and willingness to adapt to the historically difficult time we have all lived through because of the pandemic. It was wonderful to see the way staff adapted to remote working and the ever-changing environment we faced. I’m proud of the way all at The Library rallied to ensure that the impact and public benefit The Wiener Holocaust Library (“WHL”) delivers were minimally impacted.

All public facing organisations have faced unprecedented challenges. Despite these challenges, as this Report shows, we have continued to deliver on our strategic priorities with the WHL becoming better known across all our core and target audiences.

The flexibility all staff showed allowed us to continue to deliver our offerings and to adapt where necessary to prioritise the delivery of certain key projects better suited for delivery during COVID. To that end, last year saw us deliver on our new website earlier than we might have expected allowing us this year to focus on realising the significant benefits that this new online presence offered. Whilst we already had digitalisation plans in place, the pandemic served to demonstrate the need to move faster with our digitalisation agenda. This year saw us put plans in place to deliver a 5-year Digitalisation Project which will result in a third of The Library’s collections being digitalised, a significant ambition. We secured funding to commence the project which has now started in earnest with delivery currently on time and to budget.

This year also saw the development and launch of The Library’s digital resource, Refugee Map (funded by the Arts Council England), which allows us to highlight our rich collection of family papers. We also showed great agility in seamlessly moving events online, with audience numbers increasing significantly. There is a strategic alignment of these projects resulting in The Library’s digital presence evolving and enhancing rapidly. The Board is delighted by the huge strides we have made this year in this area which will allow our reach to expand both nationally and internationally.

As this Report shows , The Library has made real progress in raising its profile across all of our core audiences ( university students, academics, scholars, family researchers, genealogists, descendants of victims, survivors, Jewish communities with refugee heritage, adult learners, interested general public, other organisations in our sector, existing donors, and volunteers) and our target audiences (media in the U.K. and abroad, Jewish communities from non-refugee background or outside London, education and teachers, school audiences, Government, civil servants, and new donors).

I would also like to draw out two other highlights this year:

We are living in an environment where nationalism, antisemitism, xenophobia, prejudice, and intolerance are sadly prospering. The pandemic and Russia’s invasion of Ukraine are only serving to exacerbate these problems. The WHL plays a vital role in society and for the public benefit generally by making its collections and activities more accessible to its audiences. The Library will also continue to engage publicly on issues when it feels it has licence to do so given its mission, history, and collections.

The Board is delighted by the progress The Library is making. Our ability to continue to deliver in this way and to do so on a firm footing is thanks to our Director, senior management, staff, patrons, partners, and particularly the community of funders and individuals who have supported us during this turbulent year. All at The Library are enormously grateful for their continued generous support.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

TRUSTEES’ REPORT

The Trustees present their report and financial statements for the year ended 31 December 2021. The financial statements have been prepared in accordance with current statutory requirements, the charity’s governing instrument, and the Statement of Recommended Practice (SORP 2019).

This report is in four sections.

SECTION I

MISSION, ACHIEVEMENTS & FUTURE PLANS

OBJECTIVES, PRINCIPAL ACTIVITY AND MISSION

The Wiener Holocaust Library’s (‘The Library’s’) objectives and its principal activity in the year under review concern the advancement of the study and knowledge of the Holocaust and related subjects, including genocide more broadly. No substantial change in the activity of The Library for the year to 31 December 2022 is contemplated. The Trustees are aware of their requirements to have due regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’.

Formed in 1933, The Wiener Holocaust Library is Britain’s leading institute for the study of the Holocaust and genocide. The Library’s unique collection of over two million items is the oldest of its kind in the world. It includes published and unpublished works, documentation, press cuttings, photographs, and eyewitness testimony.

Our vision is to continuously develop a library, archive and information service for the UK and the international community, dedicated to supporting research, learning, and teaching and advocacy about the Holocaust and genocide, their causes, and consequences.

Our mission is:

Our activities give a voice to the victims of the Holocaust and other genocides. We support education and confront antisemitism and Holocaust denial and distortion. We work to bring together networks of people from different backgrounds. We put the past at the service of the future.

ACHIEVEMENTS AND PERFORMANCE

The Covid pandemic inevitably impacted The Library and its activities. Trustees are enormously grateful to the Senior Management Team, to The Library’s staff, to all donors, to our supporting advisors and service providers, and to our wider community of stakeholders, for helping us to navigate the challenges of 2021.

Due to national lockdown and pandemic-related disruption, visitors to The Library understandably remained below their 2019 level but increased substantially compared to 2020. The reading room was open for most of the year and compared to 2020 our numbers more than trebled. We have continued to build on the success of our online events, with 64 events held, some online only, some hybrid, and some in person.

In 2021, The Library curated and displayed two new exhibitions, Death Marches: Evidence and Memory and This Fascist Life: Radical Right Movements in Interwar Europe. In addition, the previous year’s exhibition Jewish Resistance to the Holocaust was remounted for three weeks to allow more people to view it, given the restrictions in place during its original run. Finally, The Library also hosted an externally curated exhibition “We are not alone”: Legacies of Eugenics in partnership with Oxford Brookes University. Each exhibition was

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

accompanied by a programme of associated events. In the case of Death Marches: Evidence and Memory, we worked with the Holocaust Survivors’ Friendship Association, Huddersfield, and Royal Holloway University of London to host shared online events. An adapted version of the exhibition was also displayed at the Holocaust Exhibition and Learning Centre, Huddersfield for several weeks. Our popular programme of PhD seminars continued in 2021,

Significant investment was made to enhance The Library’s online education website The Holocaust Explained. New sections were created featuring The Library’s collections. Substantial growth in usage was achieved in 2021 see Section II. This was in part due to our direct marketing efforts in targeting secondary schools leading to increased user numbers. Users originate from 227 countries, with the top five being the United States, United Kingdom, Germany, Australia, and Canada. The second phase of a multi-year Holocaust Explained project, focusing on offering educational workshops to schools, is now underway with 13 held in 2021.

The Library benefited significantly from its enhanced new website which it launched last year, and which solidified our branding and helped to clarify who we are and what we do. From looking at user journeys, visitors are finding what they want, such as how to donate, how to sign up to an event, how to search the catalogue, much more efficiently than before.

The Library received a total of 126 collections donated towards its holdings: 17 document collections, including three digital photographic collections, 74 books, two periodicals and 26 pamphlets, manuscripts and unpublished memoirs including 12 digital collections. The Library continued actively to digitise its collections whenever possible and was able to digitise more than previously thanks to the recruitment of a Digital Asset Assistant focusing on in-house digitisation. Particularly significant new collections include original documentation relating to the pro-fascist activities of Unity Mitford and digital copies of records of Jewish representative organisations of Vienna, Berlin, Stettin, Breslau, Dresden, Frankfurt am Main and Graz c.1890c.1939.

In 2021, the WHL developed and launched an innovative digital resource entitled Refugee Map: Documents from The Wiener Holocaust Library. This resource is the culmination of an Arts Council England funded project which has delivered free online access to over one hundred collections of family papers, including handwritten diaries, photo albums, identity and emigration documents, Red Cross letters and recorded interviews. The project also included the cataloguing of three especially large and significant collections selected as being priorities for the project. These are now accessible for researchers to use in our Reading Room.

Several thousand people benefitted by participating in workshops, talks and conferences either hosted by The Library or with contributions from Library staff. In November 2021, we hosted Professor Jan Grabowski to hold the second Alfred Wiener Holocaust Memorial Lecture at the Museum of London, which reached over 500 people in person or online. Another highlight of our event calendar in 2021 was our event for Holocaust Memorial Day 2021, which featured contributions from Sir Keir Starmer, leader of the Opposition, and Lord Pickles, the UK Government’s Special Envoy for Post-Holocaust Issues.

The Library continued to be the UK copyholder of the International Tracing Service (‘ITS’) archive and has held this important responsibility since 2013. Since the beginning of 2021 alone, the team has researched the experiences of over 350 individuals caught up in the Holocaust. Not only do the highly trained staff help families access this information in an archive which is notoriously difficult to search, but they also translate, decode, and contextualise the material, so that it can be fully understood.

We continue to participate in the European Holocaust Research Infrastructure [EHRI], which continues to evolve into a permanent institution supporting access to Holocaust archives across Europe. We also work in partnership with the Holocaust Research Institute, Royal Holloway, University of London on academic programming as part of our joint Holocaust and Genocide Research Partnership (HGRP) initiative. Our partnership with Granta Books saw the publication of the first English translations of Alfred Wiener’s work in the book The Fatherland and the Jews , which has since sold over 1,000 copies. We also regularly work in partnership with the Association of Jewish Refugees (AJR) on joint events and joint publicity to our shared audiences.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

THE YEAR IN NUMBERS 2021 2020
Total visitors to the Library
2,478
1,558
Education & Outreach
Exhibition visitors
1,905
1,308
On-Line Activities
On-Line events
64
50
On-Line attendees
5,000-plus
1,795
Main Website users
129,000
135,000
Education including Holocaust Explained
Page views
3,435,220
2,292,157
Users
2,037,159
1,299,159
Originating countries
227
227
Library
Digitised pages
27,900
2,500
Digitised document collections
90
n.a.
Documents donated
566
126
Reading Room researcher visits
573
250
Research
International Tracing Service
New enquiries processed, of which
292
341
Survivors & relatives
230
244
Researchers, academics
62
97

FUTURE PLANS

This year we have published a refreshed Strategic Plan 2021-2025. We are pleased to note the fulfilment of many milestones in the previous iteration of our strategy, including the delivery of our vital new website. We have now adapted our strategic priorities to enhance our focus on the following priority areas:

Expand our education and outreach: Our plans are centred on our flagship resource The Holocaust Explained and the unparalleled experience of workshops based on our unique collections.

Grow our resources : For our resources to match our ambitions, we intend to grow our donation income through expanding our supporter base through innovative schemes, such as building our membership programme and our US Friends arm.

Increase our research impact: We will seek to transform the impact of the WHL as an engine of Holocaust research worldwide working closely with our supporters and partners. We will actively pursue partnerships/collaborations with organisations renowned in the field of Holocaust research and scholarship.

Enhance access to our collections : The central pillar of a detailed plan to revolutionise access to The Library’s collections is our Digital Transformation Project. This project plan includes multiple elements ranging from cataloguing our diverse and precious collections to integrating acquisition and cataloguing workflows to make the most of increased outreach. Upon the conclusion of this 5-year project a third of The Library’s collections will be digitalised with plans in place to ensure that The Library’s digital archive will leverage its reach to the fullest extent possible, both nationally and internationally

This year we are undertaking a feasibility study to investigate the potential for improving the way we utilise our building and facilities at 29 Russell Square. Having accumulated ten years of experience in the building, we are now ready to plan a refurbishment of our main exhibition space and explore innovative ways to invest in the future care and public use of our collections.

Nurture engagement of diverse audiences : Exhibitions will continue to be a key tool for driving engagement with our collections, but we also aim to increase our use of a wide range of new media (e.g., podcasts, video content, animations). We will continue to engage publicly on issues when The Library feels it has licence to do so given Its mission, history, and collections.

We are confident that we are fulfilling our role as Britain’s Holocaust Archive, but we know we can do still more to bring our collections to wider audiences and to ensure that we make the most of the vitally important heritage and history that we collect, preserve, and share at The Wiener Holocaust Library.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

SECTION II

FINANCIAL REVIEW & FUNDRAISING

FINANCIAL REVIEW

Financial position

The generosity and loyalty of our donors, friends, and members was in 2021 again, during the second year of the Covid pandemic, a great support.

The Wiener Holocaust Library is in a good financial position and has reserves sufficient to withstand the currently known challenges in 2022.

Going concern

During 2021, The Library’s activities generated a net movement in funds amounting to a surplus of £503,298 (2020: £1,063,933). Of this total, unrestricted funds increased by £161,424 (2020: £119,824). Restricted funds rose by £341,873 (2020: £944,109). Unrestricted general funds advanced to £774,823 (2020: £651,706).

The Board remains immensely grateful to its supporters who continue to show their commitment to The Library’s mission. In unrestricted funds, our core funders made donations at the same level as in 2020. Unrestricted donations by a wide range of individuals and charitable foundations increased from the previous year to £289,645 (2020: £239,297). Restricted donations amounted to £449,330 (2020: £1,213,820). In 2020, a £1,000,000 legacy, to be spent over ten years, was received from the Ernest Hecht Estate. During 2021, donations for The Library’s multi-year digitisation project were £195,191 (2020: nil).

Total expenditures during 2021 amounted to £1,200,004 (2020: £995,854). Of these, 57% (2020: 67%) was covered by unrestricted funds and 43% (2020: 33%) by restricted funds. The Library continues to be a high fixedcost operation. Salaries amounted 61% (2020: 64%) of overall costs. Ongoing operating costs were 26% (2020:24%). The remaining 13% (2020: 12%) are direct outlays on projects, substantially all covered by restricted funds. The overall increases in costs were related to increases in staff, connected to The Library’s ambitious programmes on digitisation, additional activities funded by the Hecht legacy, and necessary expenditures on premises and IT.

These comments should be read in conjunction with the financial statements on pages 15 to 30.

Reserves Policy

The Library’s objective is to raise income from donations to cover annual expenditure on the charitable mission and objectives as far forward as possible and to build free reserves in order to:

The unrestricted general reserve at year-end was £774,823 (2020: £651,706). The policy is to maintain these undesignated reserves at a minimum equal to six months of projected charitable expenditures, including all restricted costs. The current general reserve exceeds that test. The Board is satisfied with the level of reserves.

The Board has established designated funds for 1) maintenance of the premises, 2) digitisation of the collection and 3) redevelopment and refit of the exhibition and public spaces. These liquid designated funds on 31 December 2021 stood at £249,350 (2020: £165,000).

The Finance & Risk Committee quarterly monitors in detail the current and expected cashflows of Unrestricted and Restricted funds to ensure continued liquidity for The Library overall.

Investment policy and returns

At year-end, The Library had circa £2.2 million (2020: £1.9 million) of the restricted Catalyst Fund invested in two open-ended funds managed by Troy Asset Management. Capital appreciation during the year amounted to £243,109 (2020: £52,449). During the year, the Board engaged Rathbones Investment Management’s charity

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

team to handle, on a discretionary basis, funds of the Hecht Legacy. These, held in a selection of open-ended funds, were valued at balance sheet date at £1,032,448 (2020: nil) following gains of £132,448.

The Library’s Finance & Risk Committee is responsible for the management of its investments and reviews these on a quarterly basis. The Committee draws on a few Trustees and individuals with relevant experience to formulate investment strategies. As part of risk control discipline, the committee ensures the investments are appropriately diversified and monitors risk exposures in the context of other investments. Trustees confirm that investments are held in accordance with the powers available to them.

Risk Management, Internal Controls and Mitigation

The Library maintains a Risk Register which records and monitors the major risks faced by the institution and includes mitigation actions and procedures to protect The Library, its members, staff, public, and other stakeholders. This Register is reviewed on a quarterly basis by the Finance & Risk Committee, with a Board review on a bi-annual basis. The Trustees regularly review controls as part of the Finance & Risk terms of reference and are satisfied that systems are in place to mitigate identified risks to an acceptable level.

Financial Risks

Non-financial risks & mitigation

FUNDRAISING

During the year, the generosity of all donors raised £1,274,923 (2020: £960,996) excluding legacies and ancillary activities.

The principal sources of funding for the Charity are:

Most donations are raised through written applications and project proposals to the grant giving person or entity. The remainder is encouraged through social media, activities and appeals such as the Big Give.

Fundraising responsibility lies with the Director supported by a Development Coordinator as well as senior management and individual staff. The effort is overseen and supported by, and receives advice from, a

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Fundraising Committee, which meets on a quarterly basis with minutes presented to the Board. It comprises the Board Chair, the Treasurer, two other Trustees and a co-opted external participant well versed in fundraising matters. This committee reviews the fundraising pipeline and initiatives.

The focus of fundraising is:

Fundraising activities are developed in line with the Fundraising Code of Practice set by the Regulator. The Library’s fundraising promise can be found on the website. Robust policies are in place regarding vulnerable people and treating donors fairly. During the year, no complaints regarding fundraising activities were received.

SECTION III

ORGANISATIONAL DISCLOSURES

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The Wiener Holocaust Library is registered as a charitable company limited by guarantee and governed by its Memorandum and Articles of Association. It was incorporated in 1958 and last changed its constitution in 2015.

Organisational structure and decision-making policies

The Trustees, who are also the directors of the company for the purposes of company law, have overall responsibility for ensuring that the charity meets its charitable objectives and has an appropriate system of controls, financial and otherwise. All Trustees are involved in ensuring that the legal obligations of the charity are met, and that the charity pursues its charitable objectives as set out in the governing documents.

The Board meets quarterly and has an Away Day each year, where the Trustees and the senior management come together to discuss and update on strategy and progress. The Board delegates the exercise of certain of its powers as set out below which it controls through regular reporting.

The Finance and Risk Committee (F&R) meets on a quarterly basis, and ad hoc, when necessary, with minutes presented to the Board. F&R reviews key risks, staff well-being, staff recruitment and remuneration, safety and security, operations on premises and IT, as well as all financial aspects of The Library.

The Treasurer who is Chair of F&R, together with The Library’s finance officer, oversees the external audits and meets at least once a year with the auditors.

F&R advises the Board on the appropriate level of General Reserves. F&R is supported by an Investment Advisory Panel, which oversees The Library’s investments.

Remuneration of staff is delegated to and subsequently reviewed by the Board to a subset of F&R, consisting of Board Chair, Treasurer, one other Trustee and Director. Remuneration of the Director is set by the Board. The pay level for staff is set by reference to periodic benchmarking to equivalent posts in similar institutions and market intelligence as appropriate.

Responsibility for the execution of Board policies is delegated to the Director who is appointed by the Trustees and supported by a senior management team.

Trustees

The Board seeks to appoint, by simple majority, Trustees, who have a strong affinity with the mission of the charity while aiming to have a balance of background, skills, and expertise that support The Library in its vital

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

work. All Trustees give their time voluntarily and receive no benefits. Each Trustee can serve a maximum of nine years in three separate terms of three years and may offer themselves for re-appointment at the end of each term. The Board currently comprises ten Trustees which is the maximum permitted under the Articles of Association.

New Trustees are offered an induction meeting with the Board Chair, the Chair of the Finance and Risk Committee, other Trustees, and the Director as appropriate. They are referred to the relevant guidance of the Charity Commission and have access to Accounts, Board minutes and other necessary documentation.

Trustees who reached the end of their terms during the year have been reappointed in accordance with the Memorandum of Association The Trustees who held office during the year and as at the date of this report are:

Anthony Landes, Board Chair Catherine Colloms Arend Dikkers, Treasurer Jonathan Glazer Frank Harding Ian Haworth Dr Lizzie Marx Professor Philip Spencer Dr Zoë Waxman Andreas Weseman

Patrons

Dr Yossi Beilin Ms Helena Bonham Carter CBE Dr Colin Boswell Sir Andrew Burns KCMG Mr Jonathan Caplan QC Sir Mick Davis The Lord Finkelstein OBE Prof Anthony Finkelstein CBE Mr Martin Fraenkel The Rt Hon Margaret Hodge MP Mrs Tamara Isaacs CBE

Ms Emma Kane Mr David Lewis The Rt Hon Shahid Malik Dr Gabriele Matzner-Holzer The Rt Hon David Miliband Rabbi the Baroness Neuberger DBE The Lord Pannick QC Dame Esther Rantzen DBE The Rt Hon Sir Malcolm Rifkind Sir Bernard Rix Mrs Ellen Schmidt

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

THE WIENER HOLOCAUST LIBRARY

SECTION IV

TRUSTEES’ RESPONSIBILITIES

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees, who are also directors of The Wiener Holocaust Library for the purposes of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charity for that year. In preparing these financial statements, the Trustees are required to:

The Trustees are 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 charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

So far as each of the Trustees is aware at the time the report is approved:

In preparing this report the directors have taken advantage of small company exemptions.

Received and approved by the Board on 23[rd] June 2022 and signed as authorised on their behalf by:

Anthony Landes Chair

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

SECTION V

REFERENCE AND ADMINISTRATIVE INFORMATION

Director

Dr Toby Simpson

Company Secretary

Jenny Rofe-Radcliffe

Charity Registration Number

313015

Company Registration Number 00596820

Principal Address and Registered Office

29 Russell Square Bloomsbury London WC1B 5DP

Independent Auditor

Haysmacintyre LLP 10 Queen Street Place London EC4R 1AG

Bankers

Lloyds Bank Langham Place branch P O Box 1000 London BX1 1LT

Deutsche Bank AG Königsallee 45/47 40189 Dusseldorf, Germany

Investment Advisors

Rathbone Investment Management 8 Finsbury Circus London, EC2M 7AZ

Website

www.WienerHolocaustLibrary.org

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THE WIENER HOLOCAUST LIBRARY (A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2021

Unrestricted Restricted 2021 2020
funds funds Total Total
Notes £ £ £ £
Income and endowments from:
Donations and legacies 2 839,233 -- 839,233 762,849
Charitable activities 3 16,331 449,330 465,662 1,230,709
Investments 4 2,291 12,650 14,941 11,043
Other trading activities 7,908 -- 7,908 2,737
--------------- --------------- --------------- ---------------
Total income and endowments 865,764 461,980 1,327,744 2,007,338
--------------- --------------- --------------- ---------------
Expenditure on:
Raising funds 5 75,615 -- 75,615 66,547
Charitable activities 5 & 6 605,799 518,590 1,124,389 929,307
--------------- --------------- --------------- ---------------
Total expenditure 681,414 518,590 1,200,004 995,854
--------------- --------------- --------------- ---------------
Net income/(expenditure) 184,350 (56,609) 127,740 1,011,484
--------------- --------------- --------------- ---------------
Net gains/(losses) on investments 9 -- 375,557 375,557 52,449
Transfer between funds 13.3 (22,925) 22,925 -- --
--------------- --------------- --------------- ---------------
Net movement of funds 161,424 341,873 503,298 1,063,933
--------------- --------------- --------------- ---------------
Fund balances brought forward 3,864,193 3,530,619 7,394,812 6,330,879
Fund balances carried forward 4,025,617 3,872,492 7,898,109 7,394,812
============ ============ ============ ============

All recognised gains and losses are included in this Statement of Financial Activities. All activities of the charity are classified as continuing. The accompanying notes form an integral part of these financial statements. The Comparative Statement of Financial Activities is in Note 18.

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THE WIENER HOLOCAUST LIBRARY (A company limited by guarantee)

BALANCE SHEET

YEAR ENDED 31 DECEMBER 2021

Notes
Fixed Assets
Tangible fixed assets
8
Listed investments
9
Current Assets
Debtors
10
Investments
11
Cash at bank and in hand
Creditors due within one year
12
Net Current Assets
Net Assets
Restricted funds
13
Unrestricted Funds
13
Designated funds
General funds
Total Funds		 2021 2020
3,004,398
3,245,097
---------------
6,249,495
166,514
656,207
914,983
---------------
1,737,704
(89,041)
---------------
1,648,664
---------------
7,898,159
==========
3,872,492
3,253,748
771,869
---------------
7,898,110
==========
£		 3,047,487
1,969,540
---------------
5,017,027
114,405
340,571
1,998,221
---------------
2,453,197
(75,412)
---------------
2,377,785
---------------
7,394,812
==========
3,530,619
3,212,487
651,706
---------------
7,394,812
==========
£

The financial statements were approved by the Board and authorised for issue on 23[rd] June 2022 and signed on its behalf by:

Anthony Landes Chair

The accompanying notes form an integral part of these financial statements.

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THE WIENER HOLOCAUST LIBRARY (A company limited by guarantee)

STATEMENT OF CASH FLOWS

YEAR ENDED 31 DECEMBER 2021

2021 2020
Notes £ £
Reconciliation of net income from operating activities
Net income /(expenditure) 503,298 1,063,933
(Gains) /losses on investments (375,557) (52,449)
Depreciation and amortisation 46,042 51,256
Dividends and interest income (14,941) (11,043)
Non-cash exchange rate variance 50 --
(Increase) /decrease in debtors (52,109) (59,078)
(Decrease) /increase in creditors 13,629 (9,825)
--------------- ---------------
Net cash provided by operating activities 120,412 982,794
--------------- ---------------
Cash flows from investing activities
Dividends and interest income 14,941 11,043
Purchase of tangible fixed assets (2,954) (1,368)
Purchase of listed investments (900,000) --
--------------- ---------------
Net cash provided by /(used in) investing activities (888,013) 9,675
--------------- ---------------
Increase /(decrease) in cash and equivalents 11 (767,601) 992,469
========== ==========

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THE WIENER HOLOCAUST LIBRARY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Note 1 ACCOUNTING POLICIES

The Wiener Holocaust Library is a public benefit entity registered as a charity in England and Wales and a company limited by guarantee without any share capital. It was incorporated on 9 January 1958 (company number: 00596820) and registered as a charity on 20 September 1967 (charity number: 313015).

The principal accounting policies adopted, judgements and sources of estimation and uncertainty in the preparation of the financial statements are as follows:

1.1. Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS 102.

1.2. Preparation of the accounts on a going concern basis The charity’s ability to meet its day-to-day financial liabilities is dependent on the continuing contributions from its donors. Trustees have given due consideration to the experience in 2021 and in 2020 under the Covid-19 pandemic, the financials available to-date of this report, the relevant information on donors and activities for the foreseeable future. Trustees have considered that there are no material uncertainties. This is on basis that contributions will continue. Given that planned activities and the charity’s reserves are reviewed regularly, the Board considers it appropriate to prepare the financial statements on a going concern basis.

1.3. Critical accounting judgements and key sources of estimation uncertainty In the application of the accounting policies, Trustees are required to make judgements, estimates, and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are relevant and are reviewed on an ongoing basis. Actual results may differ from these estimates. In the view of the Trustees, no significant areas are subject to judgement or estimation and no assumptions concerning the future or estimation affecting assets or liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

1.4. Income recognition

All income, including legacies, is recognised once the charity has entitlement to income, it is probable that the income will be received, and the amount of the income receivable can be measured reliably, and, if applicable, any performance conditions are met. All donations and legacies are allocated between unrestricted and restricted funds depending on conditions imposed by the donors. Ancillary income is recognised as earned as the related services or goods are provided. Investment income is recognised when receivable based on notification by the investment managers.

1.5. Unrestricted funds

Unrestricted funds generated without further specified purpose are available for the general purposes of the charity. These funds include designated funds which the Trustees have, at their discretion, set aside for specific purposes.

1.6. Restricted funds

Restricted funds are to be used for specific purposes as laid down by the donors. Expenditure which meets these criteria is identified and is allocated to the respective funds.

1.7. Expenditure

All expenditure is accounted for on an accruals basis as soon as there is a legal or constructive obligation committing the charity to the expenditure. Expenditure has been included under categories that aggregate all costs relating to that category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources. Support costs have been allocated between governance costs, expenditures on premises and other support costs. All expenses incurred are inclusive of irrecoverable VAT.

1.8. Tangible fixed assets and depreciation

Expenditures on Tangible Fixed Assets are written off in the year that the costs are incurred, except for exceptionally large investments in the leasehold, more than £25,000, and which are not covered by designated funds. Tangible fixed assets are stated at cost less provision for depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life on a straight-line basis, as follows:

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Office & archiving equipment 3 years Fixtures & fittings 10 years Leasehold improvements 20 years

Long leasehold property costs are not depreciated until the lease has less than 50 years to run. All assets are subject to an annual impairment review.

The Library is considered to possess heritage assets. Their total cost is not valued in the balance sheet as there is no reliable historical information and a conventional valuation would be overly onerous given the nature and uniqueness of some of the items held and might well prove to be arbitrary.

1.9. Employee benefits

Short-term benefits including holiday pay are recognised as an expense in the period in which the service is received. Termination benefits are accounted for on an accrual basis and in line with FRS 102. The charity contributes to a personal, defined contribution, pension scheme, the assets of which are administered by Scottish Widows and Old Mutual Life. All contributed costs are accounted for based on the duration that the charity benefits from the employees’ services. The charity has no further liability under the scheme.

1.10. Current asset investments

Current asset investments represent short-term deposits.

1.11. Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the Statement of Financial Activities.

1.12. Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. These are initially recognised at transaction value and subsequently measured at the settlement value.

1.13. Fixed asset investments

Investments are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year, based on the notification by the investment managers. The charity does not acquire put options, derivatives, or other complex financial instruments. The main form of financial risk faced by The Library is that of volatility in equity markets and investment markets due to wider economic conditions.

1.14. Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.15. Cash at bank and in hand

Cash at bank and cash in hand includes cash and short-term highly liquid investments with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.16. Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

16

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Note 2. DONATIONS & LEGACIES

Unrestricted Funds
The Wiener Library Endowment Trust
Auswärtiges Amt (German Foreign Office)
Association of Jewish Refugees
Sigrid Rausing Trust
Grants and donations
Legacies
Government grants
Total		 2021
2020
£
£
200,000
200,030
119,616
90,709
100,000
100,000
100,000
100,000
289,645
239,297
13,103
250
16,869
32,563
839,233
762,849

Government grants represent amounts received under the Government Furlough Scheme for some staff during the period of Covid-19.

Note 3. CHARITABLE ACTIVITIES

Eduction & Outreach
Education & outreach
Special education projects
Holocaust Explained
Hecht education and outreach
Arts Council designation development
"This Fascist Life" exhibition fund
"Being Human" fund
Wolverhampton Toni Schiff Beyond Camps
Library
Hecht collections
Digitisation project (income)
Foyles website redesign & digital library
Ostrich CT website
National Archives grant
Membership fees
Sales & royalties
Research
Hecht research
HGRP joint venture
European Holocaust Research Infrastructure
ITS fund
ITS roadshow
ITS research
Total Income on Charitable Activities		 Unrestricted
Restricted
2021
2020
£
£
£
£
--
828
828
19,694
--
--
--
3,000
--
39,400
39,400
15,000
--
--
--
500,000
--
35,978
35,978
44,972
--
6,085
6,085
--
--
800
800
--
--
--
--
29,572
--
83,091
83,091
612,238
--
--
--
300,000
--
195,191
195,191
--
--
--
--
20,000
--
--
--
10,000
--
--
--
3,500
8,905
--
8,905
8,450
7,426
--
7,426
8,439
16,331
195,191
211,522
350,389
--
--
--
200,000
--
39,000
39,000
--

--
--
--
33,382
--
103,443
103,443
34,700
--
28,505
28,505
--
--
100
100
--
--
171,048
171,048
268,082
16,331
449,330
465,662
1,230,710

Comparative analysis of income from Charitable Activities: Note 19.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Note 4. INCOME FROM INVESTMENTS

Note 4. INCOME FROM INVESTMENTS
Bank interest
Dividends (Catalyst fund)		 Unrestricted
Restricted
2021
2020
£
£
£
£
2,291
--
2,291
684
--
12,650
12,650
10,359
2,291
12,650
14,941
11,043

During 2020, bank interest was unrestricted income, dividends were restricted income.

Note 5. EXPENDITURES: DIRECT, PREMISES, SUPPORT & GOVERNANCE COSTS

Restricted Funds
Staff
Overhead
Projects
Unrestricted Funds
Staff
Staff - Temporary
Other
Total Costs - 2021
Total Costs - 2020		 Fundraising
Education &
Outreach
Library
Research
Premises
Support
Governance
Total
£
£
£
£
£
£
£
£
--
157,004
51,229
122,779
--
--
--
331,012
--
--
--
--
--
32,655
--
32,655
--
62,746
64,988
27,189
--
--
--
154,923
--
219,750
116,216
149,969
--
32,655
--
518,590
46,566
32,265
212,313
--
--
94,717
11,862
397,722
--
--
7,534
--
--
--
--
7,534
29,049
14,584
14,206
37,618
79,388
89,749
11,564
276,158
75,615
46,849
234,053
37,618
79,388
184,466
23,426
681,414
75,615
266,599
350,269
187,587
79,388
217,121
23,426
1,200,004
46,159
147,326
494,234
104,253
102,614
65,308
35,960
995,854

Staff costs are allocated on staff time. All other costs are actual amounts.

Note 6. STAFF COSTS

`
Gross salaries
Employer's NI
Employer's pension
Temporary staff		 2021
2020
£
£
620,527
541,676
55,461
47,526
52,746
46,100
7,534
--
736,268
635,303

No member of the Board received any renumeration in 2021 (2020: nil) or reimbursement of travel or other expenses during the year (2020: nil).

One employee received emoluments in the band of £60,000 to £70,000 in the year (2020: nil).

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

The average monthly employee headcount during the year was as follows:

Raising funds
Charitable activities
Support & governance		 2021
2020
Number
Number
1.0
1.0
17.0
16.0
1.5
0.5
19.5
17.5

The Senior Management Team (SMT) comprised: Director, Head of Research & Deputy Director, Head of Collections, Senior Curator & Head of Education. The position of Head of Collections was vacant for part of the year, causing SMT compensation to be lower than in 2020 and lower than the budgeted comparable figure for 2021. The actual gross compensation in 2021 and remuneration on a comparable basis were as follows:

Total Gross Compensation 2021
2021
2020
£
£
£
Gross
Budgeted
Comparable
Gross
202,833
219,471
207,910

Note 7. NET INCOME FOR THE YEAR

Note 7. NET INCOME FOR THE YEAR
Net income/(expenditure) is stated after charging:
Depreciation of tangible fixed assets		 2021
2020
£
£
46,042
51,256
Auditor's remuneration (excl VAT - Audit) 8,365
8,000
54,407
59,256

Note 8. TANGIBLE FIXED ASSETS

COST
Balance as at 1 January
Additions
At 31 December 2021
DEPRECIATION
Balance as at 1 January
Charge for the year
At 31 December 2021
Net Book Value
As at 31 December 2021
As at 31 December 2020		 Building
Mech. &
Electrical
Equipment
Computer
Equipment
Fixtures &
Fittings
TOTAL
£
£
£
£
£
2,659,583
752,366
91,478
96,286
3,599,713
--
--
2,954
--
2,954
Leasehold Property
2,659,583
752,366
94,432
96,286
3,602,666
--
375,903
89,902
86,420
552,226
--
37,618
1,862
6,562
46,042
--
413,521
91,764
92,982
598,268
2,659,583
338,845
2,667
3,303
3,004,398
2,659,583
376,463
1,576
9,865
3,047,487

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Note 9. FIXED ASSET INVESTMENTS

Listed investments
Market value as at 1 January
Additions at cost
Disposals
Unrealised (losses)/gains
Market value as at 31 December
Historical cost as at 31 December		 2021
2020
£
£
1,969,540
1,917,091
900,000
--
--
--
375,557
52,449
3,245,097
1,969,540
2,475,000
1,575,000

Of the investments, £2,212,650 (2020: £1,917,091) are in open-ended investment companies managed by Troy Asset Management and £1,032,448 (2020: nil) are in open-ended investment companies managed by various managers, selected under a discretionary investment mandate by Rathbones charity team. Capital gains of £375,557 were for £243,109 (2020: £52,449) from funds managed by Troy and of £132,448 (2020: not applicable) from funds managed by Rathbones.

Note 10. DEBTORS

Note 10. DEBTORS
Trade debtors
Other debtors
Accrued income
Prepayments		 2021
2020
£
£
3,901
2,211
2,508
67,906
128,443
--
31,662
44,289
166,514
114,405

The £128,443 (2020: nil) accrued income consists of a £50,000 grant from the AJR, which was confirmed but not received. £78,443 is a grant from the Foreign & Commonwealth Development Office for the International Tracing Service which was confirmed but not received.

Note 11. CURRENT ASSET INVESTMENTS

Note 11. CURRENT ASSET INVESTMENTS
Analysis of cash and equivalents
Short - term investments
Cash in Bank and at hand
Total		 Start of Year
Cash flows
End of Year
£
£
£
340,571
315,636
656,207
1,998,221
(1,083,237)
914,983
2,338,791
(767,601)
1,571,190

Of the £656,207 in Current Asset Investments at balance sheet date, £565,634 (2020: nil) were deposits at various UK, FSCS protected banks through the Flagstone Investment Management deposit platform.

Note 12. CREDITORS

Taxes and social security
Other creditors
Accruals & deferred income		 2021
2020
£
£
(2)
0
37,726
51,702
51,317
23,710
89,041
75,412

20

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

THE WIENER HOLOCAUST LIBRARY

Note 13. STATEMENT OF FUNDS

RESTRICTED FUNDS
Education & Outreach
Catalyst T. Schiff Endowment
Education & outreach fund
Exhibition funds
Special education projects fund
Holocaust Explained fund
Hecht E&O funds
Arts Council development fund
Wolverhampton T. Schiff fund
Beyond Camps fund
Fraenkel prize fund
Other E&O funds
Library
Hecht collections fund
Digital transformation project
Toni Schiff digitisation fund
B’nai B’rith Leo Baeck fund
Other Library funds
Research
Hecht research fund
HRGP fund
EHRI-PP fund
EHRI III fund
ITS fund
ITS roadshow fund
TOTAL RESTRICTED FUNDS
UNRESTRICTED FUNDS
Designated funds
Leasehold property
Other fixed assets		 At 1 January
Capital
At 31 December
2021
Income
ExpenditureGains/(Losses)
Transfers
2021
£
£
£
£
£
£
2,250,021
12,650
--
243,109
(103,996)
2,401,784
--
828
(99,134)
--
98,305
--
--
6,885
(15,481)
--
8,595
--
2,904
--
--
--
(2,904)
--
39,786
39,400
(39,258)
--
--
39,929
500,000
--
--
68,185
--
568,185
29,361
35,978
(63,537)
--
--
1,802
29,572
--
--
--
--
29,572
12,799
--
--
--
--
12,799
34,771
--
(5,000)
--
--
29,771
6,906
--
--
--
--
6,906
300,000
--
(31,418)
40,911
--
309,493
--
195,191
(40,196)
--
5
155,000
38,104
--
(33,915)
--
(474)
3,715
39,485
--
(8,459)
--
--
31,026
8,103
--
(3,450)
--
469
5,121
171,243
--
--
23,352
(26,246)
168,349
--
39,000
(65,246)
--
26,246
--
59,738
--
(8,760)
--
--
50,978
33,261
--
(1,475)
--
--
31,786
(25,611)
103,543
(100,857)
--
22,925
(0)
175
28,505
(2,405)
--
--
26,276
3,530,619
461,980
(518,590)
375,557
22,925
3,872,492
3,036,046
--
(37,618)
--
--
2,998,428
11,441
--
(8,424)
--
2,954
5,971
Property maintenance
Digitisation fund
Redevelopment & refit
TOTAL DESIGNATED FUNDS
GENERAL FUNDS
TOTAL UNRESTRICTED FUNDS
TOTAL FUNDS		 65,000
--
(10,650)
--
20,000
74,350
100,000
--
--
--
--
100,000
--
--
--
--
75,000
75,000
3,212,487
--
(56,692)
--
97,954
3,253,748
651,706
865,764
(624,722)
--
(120,879)
771,869
3,864,193
865,764
(681,414)
--
(22,925)
4,025,617
7,394,812
1,327,744
(1,200,004)
375,557
--
7,898,110

Comparative Statement of Funds: Note 20.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Note 13.1 RESTRICTED FUNDS

Education and outreach funds

‘Catalyst T. Schiff Endowment’ was created by donations from the Toni Schiff Memorial Fund and others, matched by the Heritage Lottery Fund. Catalyst perpetuates The Library’s learning, engagement, and community programmes. The fund is “expendable” in that income and capital are applied for these purposes, subject to Trustee approval and to a fund life extending to 2037.

‘Education & Outreach Fund’ is the cost centre for many of the Catalyst defined purposes, including associated salaries and exhibitions. It is funded by the Income of Catalyst, by capital transfers authorised by the Trustees, and by other small, specified grants. ‘Exhibition funds’ are equally cost centres for annually changing exhibitions. ‘Special Education Projects Fund,’ from anonymous donors, supports special events and exhibitions.

‘Holocaust Explained Fund’ provided by the Tolkien Trust, the Pauline and Harold Berman Charitable Trust, the Pears Foundation, and other donors supports Holocaust education and the Holocaust Explained website.

‘Hecht Education & Outreach Fund’ is part of the £1,000,000 grant from the Ernest Hecht Charitable Foundation. It is intended for the grant to be spent over a period of ten years. This fund supports exhibitions, events, publications, and networking to further the outreach of The Library.

‘Arts Council Designation Development Fund’ enhances access to the Jewish refugee family papers, including redevelopment of the online resource ‘Refugee Family Papers: An Interactive Map.’

‘Beyond Camps Fund’ received from Birkbeck, University of London, ran the Beyond Camps conference and website until 2021. ‘Wolverhampton (University) Toni Schiff Beyond Camps Fund’ contributes to the Beyond Camps conference and website. ‘Fraenkel Prize Fund’ is a legacy from the Estate of Ernst Fraenkel.

Other Education & Outreach funds include the Ann Hirshfield Australian Jewish History Fund’ and the ‘Wellcome Science & Suffering Fund’, which did not have activity during the year.

Library Funds

‘Hecht Collections Fund’ is part of the £1,000,000 grant from the Ernest Hecht Charitable Foundation. Its purpose is to enlarge and enhance the collections of The Library.

‘Digital Transformation Fund’ was established in 2020 through generous grants from two donors. In 2021 the fund was supplemented by other donors and with proceeds from the Big Give Campaign. The fund is the founding endowment for a five-year programme to digitise substantial parts of The Library’s collections.

‘Toni Schiff Digitisation Fund’ contributes to digitising the collection. Donors were the Toni Schiff Memorial Fund and the now Ministry of Housing, Communities and Local Government.

‘B’nai B’rith Leo Baeck Lodge London Fund is to assist with the preservation, cataloguing, and digitisation of the archive of the Lodge, for educational and commemorative use.

Other Library funds include the ‘Foyles Website Redesign & Digital Library Fund’, the ‘Archives Testbed Fund’ received from The National Archives, and the ‘Book Appeal Fund.’

Research Funds

‘Hecht Research Fund’ is part of the £1,000,000 grant from the Ernest Hecht Charitable Foundation. It operates primarily through the Wiener Holocaust and Genocide Research Partnership (HRGP) which aims to be the UK’s foremost research body into the history of the Holocaust and Genocide including the funding of senior fellowships.

‘European Holocaust Research Infrastructure (EHRI) Fund’ receives funding from the European Union for a PanEuropean research approach to Holocaust archives. EHRI-III Fund deepens integration of the archives and research. The EHRI-PP Fund finances a preparatory phase aimed at bringing EHRI to the level of financial, legal, and technical maturity required for implementation as a permanent European research infrastructure.

‘International Tracing Service (ITS) Fund’ supports the management, research, hardware and software of this service retrieving information from the Bad Arolson database about the fate of victims of the Holocaust. The Foreign & Commonwealth Office and the Department for Communities and Local Government (DCLG) committed at the outset to provide funding. The respective Government departments committed additional funding in the 2021/2022 Spending

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Rounds. Not all this funding was received on the balance sheet date, hence a coverage of the deficit from unrestricted funds.

Note 13.2. Designated Funds

The designated Leasehold Property Fund and Other Fixed Assets Fund represent the net book value of tangible fixed assets held. More details are provided in the tangible fixed assets schedule and note of the accounts.

The designated Property Maintenance Fund is used to pay for the periodic maintenance of the building, which is required under the lease. Trustees designated £20,000 (2020: £45,000) towards the next renovation expected in 2023.

The designated Digitisation Fund is The Library’s contribution to the digitisation – scanning of papers, photographs, etc.- of the collections.

The designated Redevelopment and Refit Fund was established by Trustees in 2021. It is seed funding for an anticipated expansion of the premises over a five-year horizon. Feasibility studies are in progress.

Note 13.3. Transfers between Funds

Transfers between Unrestricted funds are made to create and maintain designated funds at the discretion of Trustees. Transfers in Restricted funds, approved by Trustees are primarily to fund Education and Outreach activities and exhibitions. During the year, a transfer was made from Unrestricted funds of £22,925 (2020: nil) to cover deficit in ITS Fund.

Note 14. NET ASSETS BY FUND

Note 14. NET ASSETS BY FUND
Balances at 31 December, 2021
Fixed Assets
Current Assets
Current Liabilities		 Restricted
Designated
General
Total
Funds
Funds
Funds
Funds
£
£
£
£
3,245,098
3,004,398
--
6,249,496
656,026
249,350
832,329
1,737,704
(28,631)
--
(60,410)
(89,041)
3,872,492
3,253,748
771,919
7,898,160

Comparative Net Assets by Fund: Note 21.

Note 15. RELATED PARTY TRANSACTIONS AND CONNECTED CHARITIES

During the year donations of £4,250 (2020: £3,050) were received from two (2020: six) members of the Board. Frank Harding is a Trustee of the Association of Jewish Refugees (AJR) which donated to The Library a grant of £100,000 in the year (2020: £100,000).

Note 16. COMPANY LIMITED BY GUARANTEE

The liability of each member is £1, in the event of the liquidation of the charitable company.

Note 17. TAXATION

The Wiener Holocaust Library is a registered charity and is not liable to direct taxation on its present activities.

23

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Note 18. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES - 2020 Note 18. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES - 2020
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other trading activities
Total income and endowments
Expenditure on:
Raising funds
Charitable activities
Total expenditure		 Unrestricted
Restricted
2020
funds
funds
Total
£
£
£
762,849
--
762,849
16,889
1,213,820
1,230,709
683
10,359
11,043
2,737
--
2,737
783,159
1,224,179
2,007,338
66,547
--
66,547
596,788
332,519
929,307
663,335
332,519
995,854
Net income/(expenditure)
Net gains/(losses) on investments
Transfer between funds
Net movement of funds
Fund balances brought forward
Fund balances carried forward		 119,824
891,660
1,011,484
--
52,449
52,449
--
--
--
119,824
944,109
1,063,933
3,744,369
2,586,510
6,330,879
3,864,193
3,530,619
7,394,812

Note 19. COMPARATIVE ANALYSIS OF CHARITABLE ACTIVITIES – 2020

Eduction & Outreach
Education & outreach
Special education projects
Holocaust Explained
Hecht education and outreach
Arts Council designation development
Wolverhampton Toni Schiff Beyond Camps
Library
Hecht collections
Foyles website redesign & digital library
Ostrich CT website
National Archives grant
Membership Fees
Sales & Royalties
Research
European Holocaust Research Infrastructure
EHRI III income
ITS fund
Overall Total		 Unrestricted
Restricted
2020
£
£
£
--
19,694
19,694
--
3,000
3,000
--
15,000
15,000
--
700,000
700,000
--
44,972
44,972
--
29,572
29,572
--
812,238
812,238
--
300,000
300,000
--
20,000
20,000
--
10,000
10,000
--
3,500
3,500
8,450
--
8,450
8,439
--
8,439
16,889
333,500
350,389
--
--
--
--
33,382
33,382
--
34,700
34,700
--
68,082
68,082
16,889
1,213,820
1,230,710

24

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Note 20. COMPARATIVE STATEMENT OF FUNDS - 2020

RESTRICTED FUNDS
Education & Outreach
Catalyst T. Schiff Endowment
Education & outreach fund
Special education projects fund
Holocaust Explained fund
Hecht E&O funds
Arts Council development fund
Wolverhampton T. Schiff fund
Beyond Camps fund
Fraenkel prize fund
Other E&O funds
Library
Hecht collections fund
Toni Schiff digitisation fund
B’nai B’rith Leo Baeck fund
Other Library funds
Research
Hecht research fund
EHRI-PP fund
EHRI III fund
ITS fund
ITS roadshow fund
TOTAL RESTRICTED FUNDS
UNRESTRICTED FUNDS
Designated funds
Leasehold property
Other fixed assets
Property maintenance
Digitisation fund
TOTAL DESIGNATED FUNDS
GENERAL FUNDS
TOTAL UNRESTRICTED FUNDS
TOTAL FUNDS		 At 1 January
Capital
At 31 December
2020
Income
ExpenditureGains/(Losses)
Transfers
2020
£
£
£
£
£
£
2,235,013
22,540
--
52,449
(59,981)
2,250,021
5,958
7,513
(73,452)
--
59,981
--
6,696
3,000
--
--
(6,791)
2,905
45,455
15,000
(20,669)
--
--
39,786
--
500,000
--
--
--
500,000
--
44,972
(15,611)
--
--
29,361
--
29,572
--
--
--
29,572
12,799
--
--
--
--
12,799
39,771
--
(5,000)
--
--
34,771
6,906
--
(6,791)
--
6,791
6,906
--
300,000
--
--
--
300,000
76,828
--
(38,724)
--
--
38,104
39,485
--
--
--
--
39,485
7,767
33,500
(33,164)
--
--
8,103
--
200,000
(28,757)
--
--
171,243
65,716
--
(5,978)
--
--
59,738
--
33,382
(121)
--
--
33,261
38,554
34,700
(98,865)
--
--
(25,611)
5,562
--
(5,387)
--
--
175
2,586,510
1,224,179
(332,519)
52,449
--
3,530,619
3,073,666
--
(37,620)
--
--
3,036,046
23,707
--
(13,634)
--
1,368
11,441
20,002
--
(2)
--
45,000
65,000
--
--
--
--
100,000
100,000
3,117,375
--
(51,256)
--
146,368
3,212,487
626,994
783,159
(612,079)
--
(146,368)
651,706
3,744,369
783,159
(663,335)
--
--
3,864,193
6,330,879
2,007,338
(995,854)
52,449
--
7,394,812

Note 21. COMPARATIVE NET ASSETS BY FUNDS – 2020

Note 21. COMPARATIVE NET ASSETS BY FUNDS – 2020
Balances at 31 December, 2020
Fixed Assets
Current Assets
Current Liabilities		 Restricted
Designated
General
Total
Funds
Funds
Funds
Funds
£
£
£
£
1,969,540
3,047,487
--
5,017,027
1,594,371
165,000
693,826
2,453,197
(33,292)
--
(42,120)
(75,412)
3,530,619
3,212,487
651,706
7,394,812

25

THE WIENER HOLOCAUST LIBRARY

AUDITORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

OPINION TO THE TRUSTEES OF THE WIENER HOLOCAUST LIBARY

We have audited the financial statements of The Wiener Holocaust Library for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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THE WIENER HOLOCAUST LIBRARY

AUDITORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report, which incorporates the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on page 9, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken based on these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in these respects. The extent to which our procedures can detect irregularities, including fraud, is detailed below:

Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and Charities SORP.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to recognition of revenue and in certain management accounting estimates and judgements. Audit procedures performed by the engagement team included:

27

THE WIENER HOLOCAUST LIBRARY

AUDITORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transaction reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Adam Halsey (Senior Statutory Auditor) For and on behalf of Haysmacintyre LLP, Statutory Auditors 23[rd] June 2022

10 Queen Street Place London EC4R 1AG

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