Community Security Trust Annual report and consolidated accounts 31 December 2023 Scoltlsh Charity Registration Number SC043612 Charity Registration Number 1042391 (England and Wales) Contents Reports Reference and administrative details Trustee's report Independent auditor's report 20 Financial statements Consolidated slalement of financial activities 24 Balance sheets 25 Consolidated statement of cash flows 26 Principal accounting policies 27 Notes lo the accounts 32 Community Securily Trust Reference and administrative information Prlnclpal off ice Shield House Harmony Way London NW4 2BZ Charity registration number 1042391 (England and Wales) Scottish Charity registration number SC043612 Independent Auditors Buzzacott LLP 130 Wood Street London EC2V 6DL Bankers Royal Bank of Scotland 62-63 Threadneedle Street London EC2R 8LA Solicitors Bates Wells 10 Queen Street Place London EC4R 1BE Community Security Trust 1 Trustee's report Year lo 31 December 2023 The Trustee presents ils annual report together with the audited accounts of Community Security Trust {referred to in this report as "the charity" or "CST") and its subsidiary company CST Promotions Limited (together the 'Group' or 'consolidated'l for the year ended 31 December 2023. CST is a registered charity in England and Wales, charity number 1042391, and in Scotland, charity number SC043612. The accounts have been prepared in accordance with the accounting policies sel out on pages 27 to 31 of the accounts and comply with Ihe Irust deed, the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ISORP FRS 102), Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102), the Charities Act 2011, the Charities and Trustee Investment IS¢olland) Act 2005 and the Charities Accounts {Scotlandl Regulations 2006 las amended). REFERENCE AND ADMINISTRATIVE DETASLS Reference and adminislralive details are shown on page 1 of the accounts. STRUCTURE, GOVERNANCE AND MANAGEMENT The Trustee is a Corporate Trustee. Dispensation has been granted by the Charity Commission from disclosing the name of the Corporate Truslee and its directors within these accounts. The charity was established by a charitable trust deed on 21 November 1994 as amended by deeds of variation on 12 November 1996. 31 December 2002, 16 March 2012 and 12 March 2018 and 22 December 2020. 2.1. Trustee recruitment andappolntment The power lo appoint Directors rests with the current Trustee. The Trustee Board of directors may appoint new directors at Iheir regular board meetings following recommendations by the Remuneration & Nomination Committee. The directors regularly review which areas may require more guidance and support. Appointments are made so as lo enhance CST by supplementing the skill sets of existing directors through new appointments. Communily Security Trust 2 Trustee's report Year lo 31 December 2023 2.2. Induction and Tralnlng In line with the Charity Commission's recommended best practice, the charity will continue to update its induction procedure for future appointments. Prospective new directors will be invited to detailed briefings and meetings with the Chair of the Board of Direclors, the Chief Executive Officer {CEOI, and key staff so as they fully understand the history, aims and operations of CST. New directors will receive an induction pack including recent copies of the CST Annual Report and Annual Antisemitic Incidents Report, three years of accounts, details of the organisation, a copy of the governing trust deeds, Trustee board and committee minutes, and a copy ofthe Charity Commission's Guidance on being a Trustee, and Public B8nefil.' Running a Charity. Upon appointment, new directors will sign a model trustee declaration statement committing them to give their lime and expertise. New directors may then be appointed to a committee(sl which assists in the governance of various aspecls of CST'S work. Existing directors are encouraged by the CEO to attend trustee training events. 2.3 Board Committees During the year, 6 separate ¢ommitlees supported the 808rd with ils responsibilities. Each committee has specific terms of reference. Under these terms of reference, the Board has delegaled certain authorities to these committees, and these allow the commiltees to provide advice, guidance and expertise within their relev8nl areas of responsibility. The membership of each committee is drawn from the Board and olher supporters of CST. The committees are.. Investment, Audit & Risk, Fundraising, Operations, Remuneration & Nomination, and Public Affairs & Media. 2,4 Group Companies Community Security Trust wholly owns the £100 issued share capital CST Promotions Limited, which carries out the charity's commercial operations. PUBLIC BENEFIT The Trustee confirms that il has complied with its duty under the Charities Act 2011 and the Charities and Trustee Investment (Scolland) Act 2005 to have due regard lo the English Charity Commission's general guidance on public benefit. Community Security Trust 3 Trustee's report Year to 31 December 2023 KEY STAFF The Trustee Board of Directors meets on a regular basis, lo agree the strategy and areas of activity for CST, including consideralion and approval of grants, inveslmenls, reserves, risk management and the charity's performance. The day-to-day administration of CST operations is delegated lo the CEO who is supported by the senior management team as detailed in note g of the financial slalements. The rernuneration of the CEO and staff earning over £75,000 per annum is sel by the Remuneration & Nomination committee. The remuneration of other staff is mainly delegated lo the CEO. Remuneration agreed is based upon the market rale for the post, with previous experience and length of service also considered as relevant factors. The Trustee Board of Directors are not remunerated, nor do they receive any reimbursement of expenses. OBJECTIVES During the year, CST focused upon its key objective of protectin9 British Jews from antisemitism, including anti-Jewish terrorism. This was achieved by following the principal objectives of the charity.. To promote good race relations between the Jewish community and other members of socieiy by working towards the elimination of racism in the form of antisemilism. To assist the victims of racial or religious prejudice and especially antisemitism who are in need or who have suffered hardship or distress. To promote research into racism, antisemitism and extremism and to publish the results of such research and othewise to promote public educalion about racism, antisemitism and extremism. To promote the efficiency of the police within the community al large and Ihe promotion of good citizenship and greater public participation in the prevention of crime with particular reference lo.. The provision of securily assistance lo the Jewish community, The maintenance of public order, safely and security, The miligalion, security and protection against antisemitism and terrorism, The promotion of safely and the safeguarding of human life in the event of an emergency., and The combating of racially motivated crime, especially antisemitic crime. WHAT WE DO Community Security Trust ICST) is a national charity that prolecls British Jews from antisemitism and related threats. CST protects British Jews, so they may lead the lives of their choice. Community Security Trust 4 Trustee's report Year to 31 December 2023 WHAT WE DO {continued} Throughout 2023, CST Trustees, staff and volunteers conlinued working towards CST'S objectives as summarised in this report. CST trustees, staff and volunteers are guided by the principles embodied in CST'S name:"Communitl',"SecuritJP' and"Trusr'. The focal point of 2023 was the Hamas terror attack against Israel on 7 October and the significant impact on Jewish communities around the world, including the British Jewish community. The terror attack. and subsequent war between Israel and Hamas, triggered an unprecedented wave of anli-Jewish hatred across the UK,. increased Jewish communal security concerns,. and intensified Jewish communal vulnerability., and damaged community cohesion initiatives. CST responded across all elements of its operation and mission including reassuring and protecting British Jews-, intensifying Jewish communal security., protecting Jewish communal demonstrations,. increasing CST funding for Jewish communal security measures., engaging extensively with Police and Government., and working lo improve wider community relations. In order to meet these demands, CST increased the CST staffing capacity with both short term and permanent hires. CST received charitable slalus in 1994 and is recognised by police and Government as a unique model of best practice. CST has over 100 full and part-time staff based in offices in London, Manchester and Leeds. CST also has over 2,000 volunteers who carry out security duties at Jewish communities and events throughout the UK. Under the terms of a formal agreement with the Home Office, CST managed a £15 million Government Grant. CST is not the primary beneficiary of the Grant. Rather, the role of CST is lo administer the distribution of the Grant lo third parties, those being ihe hundreds of schools, synagogues and other Jewish communal locations that receive the Grant that conlribules towards their securiiy guarding costs. The Grant was increased to £18 million by the Home Office in response to the increase in antisemitism and security concerns following the 7 October attacks in Israel and subsequent Israel- Hamas war. The continuation of the Grant at £18 million was announced by the Prime Minister in 2024 alongside a multi-year commitment - for four further years and is managed by CST. 6.1. Reports and Antisemltlc Incidents CST is widely recognised as the UK'S leading authority on antisemitic incidents {i.e. hate crimes against Jews). CST assists those who have fallen victim lo antisemitism and helps ensure justice. Each year, CST receives thousands of reports {by telephone, email, social media etc). These are received from members of the public and also as part of sharing agreements Community Security Trust 5 Trustee's report Year to 31 December 2023 6.1. Reports and Antisemitic Incidents (continued) with police forces throughout the country. CST staff assist the victims and analyse the reports, which broadly fil three categories.. anlisemilic crime, non-anlisemitic crime, and suspicious behaviour. There will often be follow up with police {and subsequently with prosecutors). Cases of suspicious behaviour are also shared with specialist police units as they may denote lerrorist planning activity. CST publishes detailed annual studies of anlisemitic incidents for use with the Government, police forces, civil servants, the media, partner 9roups, and Jewish communal leadership. The purpose of collecting and publishing this data, is to provide the best possible understanding of contemporary Jew-halred.. so il can best be combatted. CST'S Annu81 Anlisemitic Incid8nls Report 2023 recorded 4,103 antisemitic incidents in the UK which is the highest total ever reported to CST in a single calendar year. 11 was over double tha 1,662 incidents recorded in 2022 and 81 % higher than the previous annual record high of 2,261 incidents, reported in 2021. The record total in 2023 was due lo the sheer volume of antisemitism perpelraled across the UK following Hamas, attack on Israel on 7 October 2023. Of the 4,103 instances of anli-Jewish hale reported, 2,699 li.e. 660/0) came on or after 7 October. This total, in three months from October lo December, exceeds any previous high for an entire year. It is nearly six times higher than the 392 incidents reported to CST over the same period in 2022. The worst single week of antisemitism was immediately after the Hamas outrage of 7 October, before any meaningful Israeli response had occurred. In this first week, 416 incidents were reported lo CST, an average of 59 incidents per day.. compared lo five incidents a day from January lo October. By the end of 2023, CST'S daily average was 31 incidents. The rise in antisemitism is not only due to the war that began on 7 October. CST recorded over 100 incidents in every month of 2023. Indeed, prior lo October, CST was averaging 152 incidents per month. This was higher that Ihe monthly average of 139 incidents reported in 2022 and indicates that antisemitic incidents were already increasing compared to the previous year. In the longer term, the monthly totals in 2023 continue the pallern of historically high antisemitic incident totals recorded in the last eight years. Since April 2016. monthly totals have only dipped below 100 on four occasions, whereas they exceeded 100 just six limes be￿een January 2006 and March 2016. In 2023, CST'S Incidents Departmenl worked tirelessly lo assist everyone who engaged with the service, providing emotional and logistical support to all who needed it. It also provided antisemitism awareness training to various organisations including law enforcement organisations, as well as delivering cultural awareness seminars to police forces, helping them to better understand and support the communities they serve. Community Security Trust 6 Trustee's report Year to 31 December 2023 6.2. External Relations Workin with Government Parliamentarians and Civil Servants Throughout 2023, as in previous years, CST has continued to work with Government, politicians and civil servants lo ensure that Jewish communal concerns regarding terrorism. anlisemitism, policing and security are properly understood and tackled. CST has always worked across the political spectrum regarding Jewish communal security and defence needs CST'S cross communal model, its security expertise, research and analysis, are all repeatedly cited by national and local government as an example of besl practice. CST is proud and keen to share ils example for the benefit of all parts of British society. GST is often the first contact for Government when il seeks to understand the impact upon British Jews of local or international crises. As the key Jewish communal interlocutor on anlisemilism and extremism, CST maintained constant engagement al all levels of Government, and across all political parties, providing expert briefings and insight following the post 7 October crisis. This included numerous engagements with the Prime Minister, two Home Secretaries, a host of relevant Ministers and their shadows., and al senior levels across regional Government structures, including with leading UK mayors. Throughout 2023, CST was consulled on Government policies, including the Online Safety Bill before becoming law in September,. and the development of the 'Protect Duty. (or 'Martyn's Lawl which seeks a coherent and proportionate approach lo protective security following the Manchester Arena terror attack in 2017. CST works closely with the Government's Counter Extremism strategy (Prevenll, helping support counter-exlremism measures and improve community cohesion. Similarly, CST continues to work closely with the Commission for Countering Extremism, and with specialist units within the Home Office that research and monitor extremism in the UK. CST submitted expert opinion to various inquiries and consullalions, including the Independent Review of Prevent (the Government's counter extremism and radicalisalion strategy) that recognised antisemilism as a key element across all forms of extremism. Senior CST staff also briefed the Home Affairs Select Committee, both privately and during public oral evidence sessions on various occasions throughout 2023. Workin with Police CST'S close working partnership with police forces across the UK is widely regarded as the best example of its type, both nationally and internationally. This helps lo reinforce the close relationship between Jewish communities and their local police seNices. CST'S work with the police includes sharing of expertise and intelligence regarding threats to the Jewish community and other parts of society. This work has contributed lo investigations, arrests and convictions for lerrorism-related aclivily. 11 has helped lo prevent lerrorisl attacks. Community Security Trust 7 Trustee's report Year lo 31 December 2023 6.2. External Relations Icontinuedl Regarding physical security protection. CST and the police work closely on joint security operations for Jewish community events, joint patrols on Shabbat and Jewish festivals, shared Iraining exercises, information exchanges, and regular consultations on community policing and security operations. During times of heighlened alert, such as during the period following 7 October or special operations, police officers have been posted to CST'S National Security Control Centre. This ensures immediate intelligence sharing and a close partnership approach to joint operations. In addition, CST and police jointly deployed on many operations throughout 2023, both for regular communal activities (such as weekly synagogue services) and for special events, including public demonslralions. When needed, police attended regular flashpoints, such as nearby schools and transport hubs. CST partlClP21es in numerous advisory groups, whereby the police consult with a range of local representative bodies from all communities. CST is proud lo assist the police in understanding and tackling hate crime, preventing terrorism against the Jewish community, and providing practical solutions and reassurance lo Jewish communities, which may also contain valuable suggestions for police relations with other communities. CST is grateful for the support and encouragement that it receives from police officers of all ranks in its work. CST runs regular virtual and in-person seminars for police officers and staff covering topics such as 'underslanding the threat,, 'CST's role and expertise,, 'Jewish customs and Iradilions, together with 'pracli¢al policing tips,. CST'S booklet, A Police Officer's Guide lo Judaism, is now in ils sixth edition and explains Jewish practice and custom. relevant to those working with Jews and Jewish communities. 6.3. Administration, Management and Dlstrlbutlon of the Jewish Community Protective Security Grant IJCPSG) In March 2023, the Jewish Community Protective Security Grant for 2023124 was increased lo £15 million, an increase of £1 million from the previous grant year. Following the events ofthe 7 October, the Government pledged a further £3 million Emergency fund to add extra security provision lo existing and new grant recipients. Due to timing differences between the grant year {10 31 March) and the financial year {to 31 December), grant income and expenditure stated within the accounts may differ from the grant award. CST is the adminislralor and distributor of the Grant from the Home Office and acts as the conduit providing funding from the Government to approved Jewish locations by means of sub-grants. In 2023, Home Office Protective Security Grant income was £17,368,546 12022.. £13,924,650) and expenditure relating lo the Grant amounted lo £17,208,622 12022.. £13,871,820), of which £290,893 {2022'. £129,709) was allocated to the Security Enhancement Project detailed below. Community Security Trust 8 Trustee's report Year to 31 December 2023 6.3. Administration, Management and Distribution of the Jewish Community Protective Security Grant (JCPSG} (continued) The importance of this project lies in both the security that il provides, and also in the reassurance that it gives lo Jewish communities. CST manages the Grant because of its reach, infrastructure and trusted relationship with Ihe Government, civil servants and Jewish communal recipients. In 2023, over 200 Jewish schools, over 270 synagogues and 47 other Jewish communal locations benefitted directly from the Grant, as well as youth summer and winter camps. In addition, a further 150 community locations were covered by mulli-site operations funded by the Grant. CST staff visit schools, synagogues and other community locations to monitor the work of the guards. Feedback is Ihen shared with the sites and with guarding company managers, so as lo keep improving the performance of the guards. 6.4.CST Security Enhancement Project In 2023, CST continued its Protective Windows Project and Security Enhancement Project. These are the projects by which CST makes a financial conlribution to help provide physical security equipment al many hundreds of UK Jewish communal buildings. Since the projects began in 2006, CST has donated over £18.6 million for such works. In 2023, over 94 Jewish locations received CST donations, with over 160 measures undertaken, such as reinforced doors, windows, gales and CCTV systems. The project aims constantly to improve prole¢live security of Jewish locations, ensuring that all premises meet or surpass the recommendations of Government counlerterrorism guidance. CST'S project team continuously develops ideas and concepts with manufacturers of security products, so that measures deployed can best mitigate against current Ihreals facing the Jewish community. In recent years the primary focus has been to create extra layers of security for locations by installing new or additional perimeter fencing, gates, security doors and airlocks, along with advanced CCTV and radio systems that link lo CST'S 2417 National Security Control Centre. The success of these projects lies in the security that they provide, and in the working partnerships that they foster between CST and these Jewish locations. Community Security Trust 9 Trustee's report Year to 31 December 2023 6.5. Working with other communities Securit Advice for Eve one- SAFE CST has amassed a substantial body of security knowledge that is shared with other faith communities that face violence, extremism and hate crimes. This is something that CST has done since it received charitable status in 1994, but the mass casualty terror attacks in 2019 against Christians in Sri Lanka and against Muslims in New Zealand, prompted CST lo launch a dedicated programme of support for other communities. This programme is entitled SAFE, meaning Security Advice For Everyone. It provides other UK faith communities practical advice on how to make themselves safe, particularly al places of worship. SAFE h8s been highly successful, enabling CST to share practical security expertise, supporting other faith communities in establishing security processes and to build a network of contacts and allies in the process. SAFE seminars are delivered free of charge to attendees,. and are often held in partnership with local councils or police. SAFE seminars have been delivered in single and mulli-failh settings lo diverse communities including at churches, mosques, Hindu temples, Sikh gudrawas and other places of worship across the UK. SAFE seminars cover many topics, including 'An introduction lo communal security,, 'Basic security for your place of worship,, 'Organising security,. 'Event security,, 'Hostile reconnaissance,, 'Lessons learned from past terror attacks,, 'Conflicl management,, 'Personal safety,, 'Online security, and 'Hate crime,. In 2023, SAFE delivered 202 in-person security talks and online webinars to 4,181 people representing 514 different places of worship. From ils inception lo the end of 2023, SAFE has delivered 515 in-person security talks and webinars lo 11,183 people representing 3,276 places of worship. Stand U l and Slreelwise Sland Up! Education Against Discrimination is a youth focussed programme run jointly by CST and Maccabi GB, and other anli-hale crime partners including Tell MAMA {moniloring and countering anti-muslim hate), Kick it Oul (football) and Galop (monitoring and counlering LGBTQl+ hate). Stand Up. predominately visits non-Jewish schools. It employs Jewish and Muslim facilitators lo deliver anti-discriminalion (cenlred around antisemitism and anti-muslim hatred) education across the UK, encouraging students lo take social responsibility against prejudice, and modelling best practice intercommunal relationships. In 2023, Sland Upl reached over 22,000 young people, through 540 sessions held at 84 mainstream schools. Streetwise is another long-lerm programme jointly run by CST and Maccabi GB. It visits Jewish schools, giving informal education lo Jewish schoolchildren, giving them the skills necessary to prevent, tackle and report anlisemilism, and overall to lead a more aware, safe and confident life. Community Security Trust 10 Trustee's report Year to 31 December 2023 6.6. Security: Volunteers and Training CST provides constant security support for Jewish communities across the counlry. Security personnel, drawn from CST staff and volunteers, help protect Jewish commun81 buildings and Jewish events. CST would not be able to provide the current high levels of sustained securily support to the Jewish communities without its volunteers and the levels of training they undertake. CST security volunteers are fundamental to the ability of the charity to fulfil ils security duties on behalf of Jewish communities throughout the UK. In 2023, CST recruited, trained and managed many more people than in any previous year. This was especially the case after 7 October. This led lo the largest ever CST training courses taking place simultaneously across London, Manchester, and Leeds, resulting in huge boost to the number of volunteers assisting in the protection of the Jewish community, from synagogues to communal demonstrations. CST regards training as being vital in both the general development of staff and volunteers, and specifically to ensure the best possible response to security threats. Through a hybrid model of online and in-person training, CST provides a comprehensive training programme to its volunteer base. Safeguarding is a key priority for CST. As such, the charity has an organised and methodical approach to ensuring compliance with applicable safeguarding legislation. This includes (but is not limited to) the assessment of risk, the provision of training, the regular review of all policies, practices and procedures, the use of DBS checks for all relevanl positions, and clear instructions regarding the reporting and recording of any safeguarding incidenls, concerns or occurrences. 6.7. Campus Security and Campus Antisemitism CST'S dedicated Campus Team supports staff and students in Higher Education settings. This involves giving advice to Jewish students and Jewish student societies regarding both their personal safety, and thal of Iheir events, as well as working with different campus organisalions to educate students aboul topics relating lo antisemitism and extremism on campus. In 2023 the team visited Jewish students at more than Iwenty-five different campuses around the country. CST strengthened this campus work throughout 2023, but especially after 7 October, when the ensuing war between Hamas and Israel saw a surge of antisemitism against Jewish students and academics. CST'S job is lo help protect and support these students and academics who find themselves subject to antisemitic vilriol and exclusion. CST also helps educate university slaff on matters relating to antisemitism and what they should do in order lo help protect their Jewish students and staff. This includes working with campus staff who are responsible for Equality, Diversity and Inclusion policies. CST Community Security Trust 11 Trustee's report Year to 31 December 2023 6.7. Campus Security and Campus Antisemitism (continued) also works with campus heads and university security officials regarding their responses lo complaints of antisemilism. CST works closely with the Union of Jewish Sludenls {UJS), the represenlalive body of Jewish sludenls and societies, lo support active participation of Jewish life on campus. 6.8. Crlsls and Control A key development in CST'S resources and security cover is the continued growth in the number of Jewish sites across the UK with direct links lo CST'S 2417 National Security Control Centre {NSCC)'. and the further development of the NSCC'S technical capabilities. The NSCC is frequently used by police forces across the UK for assistance with general crime, with several requests per month for support received. CST has general oversight for the UK Jewish community's crisis planning and response, especially in the event of a major lerrorist incident. This includes a comprehensive crisis plan,. ensuring engagement and collaboration with community stakeholders., briefing and training CST staff and appropriate Jewish communal figures and organisalions., and establishing the NSCC and CST office as an information and decision hub. At times of high tension, police will be stationed in the CST office, including within the NSCC, as was the case afler 7 October. 6.9. Policy and Defence In 2023, CST'S Policy and Defence Department continued lo research and investigate antisemilism; to monitor the threat of anlisemilic extremism and terrorism to the Jewish community,. lo analyse antisemitic incidents and provide support lo victims of antisemitism- and lo represent CST and the Jewish community on related issues lo a wide range of stakeholders. The UK terrorism threal level currently stands at "SUBSTANTIAL" meaning an allack is "likely" Between 2017 and 2023, the UK suffered 20 lerrorisl attacks, whilst al least 39 late-slage plots were foiled by police and security agencies. Terrorism threats in Ihe UK primarily come from Islamist terrorism, extreme right-wing terrorism, single-issue extremism and individuals with a mix of extremist ideologies, personal grievances and, at limes, mental ill-health. For many years, CST has also emphasised the persistent threat of Iranian and Hizbollah terrorism. Since January 2022, UK authorities have foiled at leasl 15 plots to kidnap or kill UK-based individuals considered enemies of the regime, primarily aimed at Persian- language media outlets and Iranian journalists. Community Security Trust 12 Trustee's report Year lo 31 December 2023 6.9. Policy and Defence {continuedl Since Ihe Hamas mass murders in Israel on 7 October 2023, threats against British Jews have increased significantly. Within days of the attacks, the head of M15 said that security servi￿$ are "absolutely alert" to the possibilily that the conflict in Gaza could inspire individuals in the UK lo plan attacks. Similarly, Metropolitan Police Assistant Commissioner Mall Jukes. the head of UK Counter Terrorism Policing, warned that the Middle East conflict could galvanise individuals lo plan acts of violence. In response to the growing threat posed by antisemitic extremists, including would-be terrorists, in 2023 CST continued investing in staff equipment and training to identify and disrupt such illegal activities, most importantly by alerting police. CST'S expertise in antisemitism 2nd community safely is increasingly sought by external stakeholders. In addition to extern81 advice and support provided by several CST departments. Policy and Defence staff often provide anlisemilism awareness sessions, on request, for a wide range of companies, organisations and sectors. FUTURE PLANS CST'S future plans are diclaled by ils needing to respond lo the reality of heightened antisemitism in a post 7 October world. Above all, CST must sustain ils heightened levels of work across the organisalion. The sharp increase in antisemitic incidents means CST has employed more staff members in the Incidents team. to give a good service to every victim of antisemitism who contacts CST. The rise in threat level means CST musl provide more securily in both additional security personnel and further security equipment. More members of staff are now employed in community security liaison roles, dealing with schools, synagogues and other communal buildings, and in the specialist security equipment team, providing advice and funding for continual equipment upgrades at communal buildings. Volunteers are the key to CST being able to keep meeting the extra workload imposed by post 7 October conditions. The retention, motivation and training of volunteers is paramount. With many hundreds of new volunteers having joined CST since 7 October, internal restructuring has also been required, with new levels of team leaders and managemenl being instituled. The expanded workload, additional staff and purchasing of specialist equipment for many hundreds of new volunteers, will cost CST an extra £2 million in 2024. Community Security Trust 13 Trustee's report Year to 31 December 2023 FINANCIAL REVIEW 8.1. Results for the Year The Slatement of Financial Activities reports net increase in funds for the year ended 31 December 2023 of £3,508,342 {2022'. £258,531). The main reasons for this surplus were11 } the increase in donations following the 7 October terrorist attack on Israel {which came late in the year, so CST was not yet able to extend fully its operations) and {21 net gains on investments this year of £1,074,239 compared to the net loss of £918,674 in 2022. The net income for the year before investment gains and losses, was £2,434,10312022. £1,177,205). 8.2. Income The Statement of Financial Activities reports incoming resources during the year of £11,128,774 {2022.' £8,327,535) from fundraising and investments, and £17,368,546 (2022.. £13,924,650) Home Office Grant administered and distributed by CST for professional security guarding at community buildings. This was higher than in the previous year because of an additional emergency grant of £3,000,000 that was made available in the last 3 months of the year. Expenditure Total expenditure amounted to £26,063,217 (2022.. £21,074,980), of which £17,208,622 related to the Home Office Grant {2022.' £13,871,820). Expenditure on raising funds in the year totalled £991,926 {2022.' £632,139) as this was the first year since 2019 that a full programme of in-person events was schedL(led. Charitable activities in promoting race relations, combatting antisemitism and providing security, including head office costs, was £7,862,86912022'. £6,571,021). 8.4. Reserves and reserves policy It is the policy of the Trustee that general funds, i.e. free reserves, which have not been designated for a specific use, should be maintained at a level equivalent to at least the next 12 months anticipated unrestricted expenditure, with a target of achieving 18 months, This equates to a range of £11,000,000 to £16,500,000. The Trustee considers that reserves at this level will ensure that, in the event of a sudden emergency and l or a significant drop in funding, the Charity will be able to continue its current activities whilst consideration is given to ways in which additional funds may be raised and costs reduced. Free reserves at 31 December 2023 amounted to £12,257,228(2022'. £10,161,054), which in 2023 was in line with the reserves policy as set out above. Community Security Trust 14 Trustee's report Year lo 31 December 2023 8.4. Reserves and reserves policy (continued) Funds designated for purposes as detailed in note 19 to the accounts amounted lo £12,604,87512022'. £12,305,016). Total restricted funds of £1,468,418 {2022.' 356,109) were made up of non-government restricted funds of £1,142,640 12022.. £190,255 1 and restricted government funds £325,778 {2022. £165,854). Total funds and net assets at 31 December 2023 amounted to £26,330,521 {2022'. £22,822,179). Investment policy and performance The Truslee's aim is to achieve an investment return in excess of inflation over the long term. Sufficient funds are retained in cash or readily accessible inveslments lo meet current and anlicipated expenditure requirernenls. The Trustee's policy is that ils funds should be invested to produce a balance of both income and capital growth, investing in UK equities, cash deposits and property. The Trustee accepts a medium degree of risk. Details of CST'S fixed asset investments and revaluations are included in note 14 to the accounts. The Trustee targets an average return on listed investments of 3 % 5 % over a five- year period, and this was more than achieved this year. FUNDRAISING Approach to fundraising CST seeks to raise an annual amount of money equivalent to the needs of the organisalion's budget, with a 10 % surplus lo be added to reserves. Funds are raised predominantly from the UK'S Jewish community. Should a large pledge be received from a new donor, appropriate compliance checks are undertaken in accordance with CST policies. CST also seeks lo secure funding from legacies from the UK Jewish Community. Methods of fundraising include in-person events and mailing campaigns, as well as direct approaches by Directors of the Trustee and staff. CST also makes applications for funding lo selecled charitable trusts who are regular donors or who might be sympalhelic to its work. CST does not cold call. For the first lime since the pandemic began, in 2023 a full programme of in-person events was possible, beginning in March with CST'S first Annual Dinner since 2019. Community Security Trust 15 Trustee's report Year to 31 December 2023 9.2 Work with, and oversight of, any commercial participatorslprofessional fundraisers CST does not work with third party fundra￿sers, other than using the professional services of unconnected parties on commercial terms in relation to areas such as marketing and information technology. 9.3 Fundraislng conforming to recognised standards CST is registered with the Fundraising Regulator and is in full compliance with their current Code of Fundraising Practice. 9.4 Fundralsing conforming to recognised standards CST has a documented complaints procedure, and all staff have received appropriate Iraining. Complaints are logged on an internal system and for the year ending 31 December 2023, CST had no complaints lo ils Fundraising Department or in relation to its fundraising activities. All CST Fundraising staff are trained to identify potential money laundering situations, and to follow the organisalion's documented procedures. 9.5 Protection of the public, including vulnerable people, frorn unreasonably intrusSve or persistent fundraising approaches, and undue pressure to donate Section 9.3 above Contains confirmation of CST'S registration with the Fundraising Regulator and compliance with their current Code of Fundraising Practice. This includes CST avoiding intrusive behaviour, undue influence and respecting the well-being of vulnerable persons. The majority of CST'S donors are known to the charity. Maintaining good relations with donors and potential donors remains an important part of CST'S strategy. 9.6 Fundraising performance A well-allended Annual Dinner in March constituted a strong start to the year. and this was followed by other events including lunches in London and Manchester. Irrmediately following the 7 October lerrorisl attack on Israel, and in anlicipation of a surge of anlisemilism in Ihe UK, it was clear that there would be a need for CST lo ramp up its services and thus incur a high level of previously unforeseen costs. From the day of the attack itself and for the rest of the year, many hundreds of unsolicited donations were received, including a large number from new donors as well as from outside the Jewish community. That, and an already-planned direct mail campaign at the end of November, led lo a level of charitable Sncome far above any previously experienced by CST. Communily Security Trust 16 Trustee's report Year to 31 December 2023 10. RISK MANAGEMENT The Trustee continues to assess the major risks lo which the charity is exposed. The Trustee keeps under continual review the systems that are in place to miligale exposure to major risks and makes such changes as are necessary lo ensure the continued adequacy of such systems. This work is overseen by the Audit and Risk Committee which supeNises a comprehensive Risk Register, prepared for the committee by CST'S CEO and CST'S Director of Operations. The following are amongst the risk areas identified within the Risk Register.. loss of charitable status- conflict of interest for individual Directors of the Corporate Trustee., loss of Directors of the Corporate Trustee or key CST staff,. libel., data protection- reputational damage., financial reporting failure-, health and safety compliance., employment law compliance- volunteer recruitment,. staff and volunteer training-, security provision failure-, fundraising failure,. l.T. failure,. loss of key buildings,. exceeding budget expenditure. fall in investments., increase in debtors., fraud- cyber-attack and pandemic. The Trustee is satisfied that sufficient procedures are in place to identify and manage key risks faced by the Charity which are kept under review. This is undertaken by the Audit and Risk Committee and is reviewed by the Board. Four of the primary risks identified by CST as being amongst the key risks during 2023, and the controls and miligalions in place are.. Risk 1.. Breach of Data Protection laws (including GDPR) Detail of risk.. This risk relates to the failure lo comply with any and all relevant UK or European data protection laws, including the Eu's General Data Protection Regulations. Ke controls= CST has introduced numerous data protection policies and communicated lo all staff, each dealing with a different aspect of the requirements set out in new legislation. A clear data protection implementation plan was put into place to ensure compliance with the principles of Data Protection Act since before GDPR came into force. CST'S Operations and Risk Committee provides governance and oversight on CST'S data protection strategy development and implementation. CST'S Data Protection Strategy focuses on the following key areas of policy and practices.. Data collection and processing. Data sharing; Internal policies and practices,. Internal data management (data mapping, data storage, retention policies, data deletion)., Training for staff and volunteers; Security and inlegrily of data,. Marketing communications and consent- CCTV network., and Data Protection Impact Assessments (DPIASI. All staff and senior volunteers have undergone online data protection andlor data and information security training. Community Security Trust 17 Trustee's report Year to 31 December 2023 10. RISK MANAGEMENT Icontinuedl Risk 2.. Cyber-hacking Details of risk.. A cyber-attack against CST'S IT system, motivated by either criminal or antisemitic intent and perpelraled by a hostile individual, organisation, or stale actor. Ke controls: Professional internal CST IT Department prioritising CST'S own cyber- security measures, both physical and human. Repeat usage of external consultancy expertise and advice. Regular self-tesling and external testing of CST IT systems and users. Regular reporting of such testing to CST Audit and Risk Committee, including progress reports on any recommendations identified in previous lesling, or advised by external consultants. Regular compulsory training modules for all staff, including e-Ir8ining that shows individual staff p8rformance and progress. The Trustee continues lo review the risks lo ensure Ihal the measures taken are proportionate with the risk, which is broadly increasing, bul notes that this is a constantly changing situation that depends upon both advances in physical IT resource and user behaviours. Risk 3: Serious injury or death to volunteer or staff in the line of duty andlor community members or general members of the public. Details of risk: This could be as the resull of a successful terror attack against an event or venue that CST is protecting Consequences could include significant loss of confidence in CST by the community, partner organisalions and supporters, leading to a lack of funding and a refusal to work with CST. Also, CST would likely become the subjecl of multiple investigations, and il could face civil action by the victims. Possible sanctions or restrictions could be placed on CST aclivilies, and there could be a significant loss of morale amongst staff and volunteers. Ke conlrols.. Planning and preparation including risk assessments and relevant management experience is used to guide the appropriate level of security required for each event. Operational plans are developed for each event or community location to direct the use of security personnel or other security Measures. Information, training and supervision are provided lo all volunteers lo ensure preparedness and readiness lo respond lo preallack indicators, to mitigate or prevent the risk of an allack being successful. First Aid provisions are in place for each event to help minimise injuries. CST main18ins and develops an operational partnership with police, which includes information and intelligence sharing and joint operations where necessary. Trauma First Aid care training programme is regularly delivered to volunteers. Risk 4: Investment values may fall Details of risk= In the current economic climate. the Charity can lose capital andlor income as the value of investments fall. controls.. The Board through a committee approves all investments against agreed criteria. Investments are made with approved investment managers who invest in a diversified portfolio of assets. Monthly reports from the investment managers are scrulinised and Directors meet with investment managers regularly. Community Security Trust 18 Trustee's report Year to 31 December 2023 11. TRUSTEE'S RESPONSIBILITIES STATEMENT The Trustee is responsible for preparing the Trustee's Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounling Practice}. The18w applicable lo charilles in England & Wales and Scotland requires the Trustee to prepare accounts for each financial period which give a true and fair view of the stale of affairs of the charily and the group of the incoming resources and applicallon of resources of the group for that period. In preparing Iheso accounts, the Trustee Is requlred to: s8lect suitable accounting policigs and then apply them consislenlly., observe the methods and princip19s in Accounting and Reporting by Charities: Statement of Recommended Pra¢lice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102); make judgments and accounting estimates thal are reasonable and prudent- stale whether applicable UK Accounting Standards have been followed, subject lo any malerial departures disclosed and explained in Ihe accounts: prepare the accounts on the going concern basis unless il is inappropriate to presume that the charity and the group will continue In operation. The Trustee Is responsible for keeping proper accounting records thal are sufficient lo show and explain the charity and Ihe group's transactions and dlsclose with reasonable accuracy at any lim8 the financial position of the charity and Ihe group, and enable il lo ensure Ihal the accounts cornply with the Charities Act 2011, the Charity (Accounts 8nd Reports} Regulations 2008. the Charities and Trustee Inveslm8nt (Scollandl Act 2005 and the Charities Accounts (Scolland) Regulations 2006 (as amended) and the provisions of the trust deed. The Trus188 is also responsible for safeguarding the assets of the charily and hence for taking reasonable steps for the prevention and detection of fraud and olher Irregularitie5. 12. AUDITOR Buzz8COtt LLP have expressed Ihelr willingness to continue as the CST'S auditor. A resolution proposing Ihat they are reappoinled as auditors will be pul to the Truslee. This report was approved by Ihe Trustee on by: and signed on their behalf T¥.usteB (6[oqliÈ, Community Security Trust 19 Independent auditor's report 31 December 2023 Independent audltor's report to the Trustee of Community Security Trust Opinion We have audited the accounts of Community Security {Ihe 'parent charity) and its subsidiary lcollectively referred to as Ihe 'group'l for the year ended 31 December 2023 which comprise the group statement of financial a¢livities. group and parent charity balance sheets, the consolidated statement of cash flows, Ihe principal accounting policies and the notes lo the accounts. 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 Slandard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclicel. In our opinion, the accounts- give a true and fair view of the stale of Ihe group's and of the parent charity's affairs as at 31 December 2023 and of their income and expenditure for the period then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accouriting Practice., and • have been prepared in accordance with the requirem@nts of Ihe Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Basls 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 accounts section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the accounls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with Ihese 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 accounts, we have concluded that the Trustee's use of the going concern basis of accounting in the preparation of the accounts is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the group and parent charity's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue. Our responsibilities and Ihe responsibilities of the Trustee with respect to going concern are described in Ihe relevant sections of this report. Community Security Trust 20 Independent auditor's report 31 December 2023 Other information The Trustee is responsible for Ihe other information. The other information comprises the information included in the annual report and accounls, other than the accounts and our auditor's report Ihereon. Our opinion on the accounts does not cover the other information and we do nol express any form of assurance conclusion Ihereon. In connection with our audit of the accounts, our responsibility is to read the olher information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge oblained in the audit or otherwise appears to be malerially misslaled. If we identify such material inconsistencies or apparent material misslatemenls. we are required to determine whether there is a material misslalement in the accounts or a material misslalemenl of the other information. Sf, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required lo report that fact. We have nothing lo report in this ragard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charilies Act 2011 requires us to report to you if, in our opinion.. • the information given in Ihe Trustee's annual report is inconsislenl in any material respect with the accounts., or sufficient and proper accounting records have not been kept by the group and the parent charity. or • the group and parent charity accounts are not in agreement with the accounting records and returns. or we have not received all the information and explanations we require for our audit. Responsibilities of the Trustee As explained more fully in the Trustee's responsibilities statement, the Trustee is responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the Trustee determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error. In preparing the accounts, the Trustee is responsible for assessing the group's and the parent charity's ability lo continue as a going concern, disclosing, as applicable. matters related to going con¢ern and using the going concern basis of accounting unless the Trustee either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audlt of the accounts Our objectives are lo obtain reasonable assurance about whether the accounts, as a whole, are free from material misstatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is Community Security Trust 21 Independent auditor's report 31 December 2023 Auditor's responslblllties for the audit of the accounts (continued) not a guarantee that an audit conducted in accordance with ISAS (UK) will always delecl a material misslatemenl when il exists. Misstatements can arise from fraud or error and are considered material if, individually or ir) the aggregate, they could reasonably be expected lo influence the economic decisions of users, taken on the basis of these accounts. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities. including fraud. The extent lo which our procedures are capable of delecling irregularities, including fraud, is detailed below.. How the audit was considered capable of detecting irregularities including fraud Our approach lo identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: The engagement partner ensured that the engagement team Collectively had the appropriate competence, capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations., + We identified the laws and regulations applicable lo the charity through discussions with management and Trustee and from our knowledge and experience oflhe charity sector., We focused on specific laws and regulations which we considered may have a direct material effect on the accounts or the activities of the group and the charity. These included but were not limited lo the Charities Act 2011.. Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable lo the United Kingdom and Republic of Ireland {FRS 1021 (effective 1 January 2019), laxalion legislation and data prolection, anti-bribery, employment, and health and safety legislation and Safeguarding Regulations; and • We assess the extent of compliance with laws and regulations identified above my making enquiries of management and representatives of Ihe Trustee and review of the minutes of Trustee meetings. We assessed the susceplibilily of the group and the charity's accounts to material misstalemenl, including how fraud might occur by: Making enquiries of management and representatives of the Trustee as lo where they considered there was susceptibility lo fraud, their knowledge of actual, suspected and alleged fraud., and Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. • Performed analytical procedures lo identify any unusual or unexpected relationships., Tested and reviewed journal entries lo identify unusual transactions. • Tested the authorisalion of expenditure; • Tested the implementation of financial controls. Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias,. and Investigated the rationale behind significant or unusual transactions. Community Security Trust 22 Independent auditor's report 31 December 2023 Auditor's responslbilities for the audit of the accounts {conlinuedl How the audit was considered capable of detecting irregularities including fraud (continued) In response to the risk of irregularities 8nd non-compliance with18ws and regulations, we designed procedures which included, but were not limited to.. • Agreeing financial statement disclosures to underlying supporting documentation- + Reading the minutes of meetings of the Trustee., and + Enquiring of as lo actual and potential litigation and claims. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustee and other management and the inspection of regulatory and legal correspondence, if any. Material misslatemenls that arise due lo fraud can be harder to detect than those that arise from error as they may involve deliberate con¢ealmenl or collusion. A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's Trustee, as a body, in accordance with section 144 of the Charities Act 2011 and with regulations made under section 154 of that Act, and in accordance with Section 44{1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might stale lo the charity's Trustee those mallers we are required lo slate 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 lo anyone other than the ¢harily and the charity's Trustee as a body, for our audit work, for this report, or for the opinions we have formed. For and on behalf of Buzzacott LLP. Statutory Auditor 130 Wood Street London EC2V 6DL Dale: 17 September 2024 Buzzacolt LLP is eligible lo act as an auditor in terms of section 1212 of the Companies Act 2006 Community Security Trust 23 Consolldated statement of f inancial activities Year to 31 December 2023 Yeor ÈndÈd 31 December 2023 Y&ar ended 31 De￿mber 2022 Unrestrlcted R•stricted Total Unreslricled Restricted Tot81 lunds funds funds funds funds funds Noies Income from: Donallons. lÉgaci8s and gift aid Ch2ri1ablé activilies Home Offitè Protective Security Grant income Olher trading aclpiilies Invesimenl Intom8 Other income Total income 8,935,725 1,145,630 10,081,355 7,315,301 442,529 7,757.830 17.368,546 17,368,546 272,750 270,015 504,654 9 982 532 18.514 789 28 497 320 13,924,650 13,924,650 272,750 269.402 613 107,650 107,962 461743 461743 7.884.694 14,367.491 22 252 185 312 Expandlture on- Ral8ing funds ChaTitsblÈ actlvltl&s Promote race ielalions, ¢ombal entisemitlsm and provide security . Hotne Office Proteclive SÈcurily Grdnl Èxpenditure 991.926 991.926 632.139 632,139 7,168.811 693.858 7,862,669 6,184,510 386,511 6,571,021 17,208,622 17,208.622 13,871.820 13,871,820 Ttstal expÈndlture 8.160.737 17,902 480 26 063,217 6.816,649 14 258.331 21,074,980 Net galnslll0551 on Investments 1.074.239 1,074,239 1918,6741 1918,6741 Net Income 2,896,033 612,309 3.508,342 149.371 109,160 258.531 Transfers bèlwe8n funds 1500,0001 500,000 Not income before other recognlsed galns and losses 2,396,033 1,112,309 3,508,342 149.371 109,160 258,531 Other recognlsed galns Galns on revalu81ion of fixed assets 12 Net movement in funds 2 396,033 1 112 309 3,508.342 149.371 109.160 258,531 RÈeonclllatlon of lunds.. Total funds broughl forward 22,466.070 356.109 22,822,179 22,316.899 246,949 22.563.848 Nel movement in funds 2,396.033 1,112,309 3.508,342 149,371 109,160 258,531 Totsl fvnds carried forward 24 662,103 1,468,418 26,330,521 22,466,070 356,109 22.822,179 The statement of financial activities includes all gains and losses recognised in the period. The accounting policies and notes on pages 27 to 44 form part of these financial slatemenls. Community Security Trust 24 Balanco sheet5 31 DeGember 2023 Consolldaled Charil 2023 2022 2023 2022 Notes Flxed assols Tangible assets Investment properly Inveslmenls 12 648.391 716,632 648,391 716,632 13 4,837,645 4,637,645 4,637.645 4,637,645 14 15,466 487 11.685.635 15 466 587 11685,735 20 752 523 17 039 912 20 752623 17 040 012 Current assets Debtors Short l¢rm deposlls Cash al barik and In hand 15 6,152,574 3,426.301 6,135,383 16 3,472,609 3,555,919 3.472,609 2 204 403 2,377 829 1966,947 11 829 586 9 360,049 11574 939 3,395.837 3,555,919 2,174.588 9 126 344 Credltors.. amounts falling due wllhin one year Net current asset5 17 6.251.588 5 527.998 3.577.782 5 997,041 5.782 267 5 577 898 3,337.461 5,788,883 Total net assets 26 330 521 22,822,179 26.330,521 22.828.895 Charlty funds Raslrlcled funds Unreslrlcled funds Designated funds General funds 19 1,468.418 356.109 1,468,418 362,825 12,604,875 12,305,016 12,604,875 12.305.016 19 12,257,228 10,161,054 12,257,228 10,f61,054 Total funds 26,330.521 22, 2,179 26 330,521 22 828 895 The accounts were approved and authoris￿ for Issue by the.TiuStee￿ signed on thelr behalf by.. '<0gjif Th@ accounting policies and notes on pages 2710 44 form parl of these flnancial slalements. Communlty Seourily Trust 25 Consolldated statement of cash flows 31 December 2023 2023 2022 Notes Cash flows from operatlng a¢tlvltlès'. Nel cash provided by operating act￿VilieS A 1701,046 1,385,753 Cash flows from Investing activities- Dividends, interests and rents from investments Purchase of tangible fixed assels Purchase of investments Proctreds from sale of inveslmenls Net cash (used inl investing activStles 774,669 569,705 1156,3281 (132,6051 17.037,4701 16.902,9201 4828 178 1,734,392 1,590,951 4.731,429 Change in cash and Cash equlvalents in the year 110,095 13,345,676) Cash and cash equivalents brought forward 8 6.162,342 9.508,018 Cash and cash e uivalents carrled forward 8 6,272,437 6,162,342 Notes to the stalement of cash flows for th& yaar to 31 December: A Reconciliation of net movement in funds to net cash flow from operatlng actlvllies 2023 2022 Net income la5 per the stalement of financial actlvitiesl Adjustments for: Depreciation charge {Gain)Iloss on investments Donation of unlisted investments Loss on disposal ol fixed assets Dividends, rents and inleresi from investments Ilncreasel in debtors Increase in creditors Net cash rovided b 3.508.342 258,531 224,568 11.074,2391 1130,489) 278,433 918,674 10.985 {774,6691 1569,7051 12,726,273) 112,2481 2,673,806 501,083 1.701,046 1,385,753 eratin actlvltles B Analysis of changas in net debt 31 Movement December in year 2023 January 2023 Cash al bank and in hand Short term deposits Cash held by investment manager Total cash and cash e uivalents 2,377,829 3,555,919 228,594 6.162,342 {173.4261 2,204,403 183,3101 3,472,609 366,831 595,425 110,095 6,272.437 The accounting policies and notes on pages 27 to 44 form part of these financial statements. Community Security Trust 26 Principal accounting policies 31 December 2023 Basis of preparation The accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otheNise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Slalement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporiing Standard applicable in the UK and Republic of Ireland IFRS 1021 and Financial Reporting Standards applicable in the United Kingdom and Republic of Ireland {FRS 1021 and Charities Act 2011 and the Charities and Trustee Investment {Scotlandl Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The accounts are presented in sterling for Ihe year ended 31 December 2023 and rounded lo the nearest pound. with ¢omparative information presented for the year ended 31 December 2022. Community Security Trust constitutes a public benefil entity as defined by FRS 102. Going concern assessment The Trustee considers thal there is no material uncertainty about Ihe Charity's ability to continue as a going concern. Basis of consolidation The consolidated accounts of the Group incorporate the financial statements of the Charity and its subsidiary CST Promotions Limited. These have been consolidated on a line-by-line basis. The statement of financial activities represents the consolidation of charitable activities of the Charity and ils subsidiary. No separate statement of financial activities has been presented for the Chariiy alone. Judgements in applying accounting policies and key sources of estimation uncertainty Preparation of the financial statements requires the Trustee and managemenl lo make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include: the assumptions applied in determining the valuation of the inveslmenl property and the mixed use property., eslirnating the useful economic life of tangible fixed assets for the purposes of delermining the annual depreciation charge. Fund accountlng General funds are unrestricted funds which are available for use al the discretion of the Trustee in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Community Security Trust 27 Princlpal accounting policies 31 December 2023 Fund accounting Icontinuedl Designated funds comprise unrestricted funds that have been set aside by the Trustee for particular purposes. The aim and use of each designated fund is sel out in the notes to the financial slalemenls. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriale fund. Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Receipt of a legacy musl be recognised when it is probable that il will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. Income is accounted for on a receivable basis and comprises donations, net surpluses from functions, and receipts under Gift Aid. Pledges are accounted for when made less any provision for pledges that are considered irrecoverable. Grants are accounted for once the Charity has entitlement lo the income. Entitlement to Government Grant income arises when a corresponding eligible expenditure commitment is made. Deferred income represents amounts received for future periods and is released lo income in the period for which it has been received. Such income is only deferred when either the donor specifies that the grant or donation must only be used in a future accounting period or has imposed conditions which must be met before the Charity has unconditional enlitlemenl. Expendlture Expenditure is accounted for on an accruals basis. Grants are included in the year they are awarded. The Charity does not publish Ihe names of the organisalions lo which il has made an award. The charge relating to the Security Enhancement Project comprises the cost of new commitments approved and communicated lo the beneficiary organisalion at the Balance Sheet dale. Outstanding commitments are shown within creditors within one year as these are payable on presentation of invoices for the cost of works by the beneficiary organisation. All donations made are charged in full to the income and expenditure accounts in the year in which they are payable. Costs of raising funds are those incurred in seeking voluntary contributions and do not include the costs of disseminaling information in support of the charitable aclivilies. Community Security Trust 28 Principal accountlng policies 31 December 2023 Expenditure {continued) Support cosls are those costs incurred directly in support of expenditure on the objects of the Charity. Governanoe costs comprise the costs of statutory compliance and relate exclusively lo the auditor's remuneration detailed in note 8 of these accounts. Termination payments are recognised as an expense in the Statement of Financial Activities and liability on the Balance Sheet immediately al the point the Charity is demonstrably commilled to provide termination benefits as a result of an offer made. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity,. this is normally upon nolificalion of the interest paid or payable by the institution with whom the funds are deposited. Penslons The pension costs charged in the accounts represent the contributions payable by the Charity to defined contribution schemes during the year. The pension expense is allocated between funds in accordance with the wages allocation. The creditor is unrestricted. Tangible f ixed assets and depreciation Freehold property and improvements are initially recognised at cost. After recognition, under the revaluation model, freehold property and improvernenls whose fair value can be measured reliably shall be carried at a revalued amount, being their fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are made with sufficient regularity lo ensure that the carrying amount does not differ materially from that which would be determined using fair value at Ihe end of the reporting date. Fair values are determined from market-based evidence by appraisal that is normally undertaken by professionally qualified valuers. If there is no markel-based evidence of fair value because of the specialised nature of the tangible fixed asset and it is rarely sold, except as part of a conlribuling business, a Charity may need to estimale fair value using an income or depreciated replacement cost approach. Gains and losses on revaluation are recognised in the Statement of Financial Aclivilies, with a separale revaluation reserve being shown in the Slalement of funds note. At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined lo be the higher of ils fair value less costs lo sell and its value in use. An impairment loss is recognised where the Garrying amount exceeds the recoverable amount. Community Security Trust 29 Prlncipal accounting policlos 31 December 2023 Tangible fixed assets and depreciation Icontinuedl All other classes of tangible fixed assets are carried at cost, nel of depreciation and any provision for impairment. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following bases.. Freehold property and improvements Fixtures, fitlings and equipment * Motor vehicles 20/0 Straight line 33.33°1o Straight line 25 % straight line Fixed asset investments Fixed asset investments are a form of financial instrument and are held lo generate income or for Iheir investment potential. Listed fixed asset investments are initially recognised 81 their transaction cost and subsequently measured al market value al Ihe Balance Sheet date. Unlisted fixed asset investments are initially measured at cost, unless they are donated investments, in which case they are measured al fair value, which is the Charity's share of Ihe net assets less an appropriate discount. Subsequently, they are measured al fair value at the B81ance Sheet dale, unless fair value cannot be reliably measured, in which case they are measured al cost less impairment. Investment gains and losses are presented as 'Net gainslllosses) on investments, in the Statement of Financial Aclivilies. Investmont properties Investment properties must be measured initially al cost and subsequently at fair value at the reporting date. Fair value is considered to represent the property's open markel value at the reporting dale. Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling al rates of exchange ruling al the Balance Sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the Iransaclion. Exchange gains and losses are recognised in the Statement of Financial Aclivilies. Debtors Donalions receivable are recognised at their recoverable amount. Prepayments are valued at the fair value of the future services lo be rendered. Accrued income is valued at the fair value of consideration receivable. Community Security Trust 30 Princlpal accountlng policies 31 December 2023 Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm highly liquid inveslrnents with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. short.term deposits Short term deposits represent cash on deposit and cash equivalents with a maturity of less than one year held for investment purposes. 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 lo a third party and the amounls due to sellle 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. Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial inslrumenls are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. Lease commitments Operating lease and rental costs, where substantially all the benefit and risks of ownership remain with the lessor, are charged to revenue expenditure over the lease term. Community Security Trust 31 Notes to the accounts 31 December 2023 Donations, legacies and gift aid 2023 Unrestricted Reslricted funds funds 2022 Total Unrestricted Reslricled funds funds lunds Total lunds Donatlons Gift Aid recovered Donailons and legacies from individuals & trusts Campus fund Volunte8r support fund Sland Up. 342,530 342,530 321,813 321.813 ,593,195 8,593,195 6.993,488 0,000 9,630 200,000 6,993.488 10.000 5.400 100.000 10.929 500 50,000 500 50,000 10,000 9,630 200.000 10,000 5,400 100,000 10,929 500 50,000 500 50.000 Slre8bwise Volunleer awards fund Research fund Volunteer Iraining fund Non security expendlture fund AV systems fund Counlering digital hatred fund OSINT Fund CCTV Trust fund Total funds 5.000 5,000 50,000 50,000 15,000 15.000 106,000 106,000 600,000 600,000 150 000 150000 1,145 630 10.081,355 7,315,301 65,200 65,200 150.000 150,000 442,529 7.757,830 8,935,725 2 Income from charitable activities 2023 2022 Restricted funds Home Office Protective Se¢uNly Grant 17,368,546 13,924,650 3 Other trading income 2023 2022 un￿StrICted funds Brochure advertising incom8 of GST Promotior15 Lltn5ied 272,750 4 Other income Unrestrlcted Restricted funds funds 2023 2022 Rental Income 504,654 504,654 504,654 504,654 461.743 461,743 Community Security Trust 32 Notes to the accounls 31 December 2023 5 Expenditure on fundraising 2023 2022 Unreslricled funds Support costs other costs Slaff cosls 8,688 516.958 466,280 991,926 6,675 239,360 386,104 632,139 6 Analysis of expenditure on charltable activities Summary by fund type 2023 Unrestrlcted Reslrlcted funds funds 2022 Total Unre8lricted Restricted funds funds Ivnds Total funds Promole race relations. combat antisemitism and provide security Home Otfice Prote¢live S8curity Grant expenditure 7.168,811 693,858 7,862,669 6.184,510 386.511 6.571.021 17 208,622 17,208 622 7,168 811 17,902,480 25,071,291 13,871.820 13,871,820 6.184,510 14,258,331 20,442,841 7 Analysis of expenditure by activities ActivÈties undertaken dlrectly Grant lundSng of activltles Support ¢osts 2023 Promote ra¢e relations, combal anllsemillsm and provide securily Home Offl¢e Protective Security Grant 6,279,277 497,917 16 710 705 6,777,194 16.710.705 1,583,392 7.862,669 17,208 622 1,583,392 25.071.291 All granls issued were made lo institutions and not individuals. No support costs have been included within the lolal grants made of £16,710,705 (2022 - £13,281,970). Actlvlties undertaken directly Grant funding ol Support cost5 2022 Promote race relations, combat antisemitism and provlde seeurily Home Offic8 Protective Secudly Grant 5.175,040 589,850 13,281,970 5,764,890 13,281,970 1.395,981 6,571,021 13,871,820 1.395,981 20,442,841 Community Security Trust 33 Notes to the accounts 31 December 2023 7 Analysis of expenditure by activities {continuedl Analysls of support costs 2023 Promote race rèlations, combat antisemilism and provlde security Total funds Ralslng funds Rent and rates Travel 8nd motor Repairs and maintenance Insurance Marketing Staff Iraining Other support costs Imoslly Offi￿ costs) Governance costs 457.515 457,515 103,103 103.103 60.048 60,048 249,064 249,064 163,401 163,401 54.491 54,491 420,590 420,590 75,180 83,868 1,583,392 1,592,080 8.688 8,688 2022 Prornole ra¢8 relation5, cornb81 antisemllistn 2nd provlde security Total funds Raising funds Rent and rates Travel and motor Repairs and maintenance Insurance Marketing Staff training Other support costs {moslly office costs) Governance costs 417,677 417,677 91,041 91,041 37,723 37,723 246,328 246,328 160,666 160,666 36,798 36,798 329,446 329,446 76.302 82,977 1,395,981 1,402.656 6,675 6,675 8 Auditors, remuneration 2023 2022 Fees payable lo the Charity's auditor in respect of.. Audit Grant audit All other non-audil services not included above 33.186 4,800 2.700 29,286 4.176 2,115 Community Security Trust 34 Notes to the accounts 31 December 2023 9 Staff costs 2023 2022 Wages and salarles Social security costs Pension costs 4,418,474 482,576 286,492 5,187,542 3.906,935 444,980 251,629 4,603,544 The average number of persons employed by the group during the year was as follows.. 2023 2022 No. Charitable aclivilies Fundraising 92 88 101 96 The number of employees whose employee benefi'ls (including benefits in kind such as car allowances but excluding employer pension costs and national insurance contributions) exceeded £60,000 was- Year ended 31 December 2023 Year ended 31 Deeember 2022 No. In the band £60,000 £69,999 In the band £70,000 - £79.999 In the band £80,000 - £89,999 In the band £90.000 - £99,999 In the band £100,000 - 109,999 In the band £190,000 - £199,999 In the band £200,000 - £209.999 Benefits included in the above bandings exclude termination payments tolalling £nil12022 £nill which were made to individuals who received other employee benefits in excess of £60,000. During the year, key management remuneration including employer's national insurance totalled £1,128,31712022- £1,047,626), comprising the CEO and a management team of 9 staff members. Community Security Trust 35 Notes to the accounts 31 December 2023 10 Trustee remuneration and expenses The Trustee who served during the year and during the prior year (including Directors of the Corporate Trustee) did not receive any remuneration or have any expenses reimbursed. 11 Taxation No liability arises as Community Security Trust is a registered charity and is therefore exempt from taxation on the income arising from its charitable activities. 12 Tangible fixed assets Freehold Fixtures property and fillings and Improvement equipment Total Cost or valuatlon Al 1 January 2023 Additions Disposals Al 31 December 2023 450,000 906,959 156,328 1,356,959 156.328 450.000 1.063,287 1.513,287 Depre¢latlon Al fj January 2023 Charge for year On disposals Al 31 December 2023 28.380 14,191 611,947 210,378 640,327 224,569 42,571 822,325 864 896 Net book values At 31 December 2023 Al 31 December 2022 407.429 421,620 240,962 295,012 648,391 716 632 13 Investment property Freehold Investmenl propertl8S Valuations Al 1 January 2023 Gain on revalu81ion Al 31 December 2023 4.637,645 4,637,645 Community Security Trust 36 Notes to the accounts 31 December 2023 14 Fixed asset investments Shares in subsldiary companies Listed securities Unlisted securities Total Valuations At 1 January 2023 Additions Disposals al book value (proceeds £4,828,178 and reallsed gains £127,785) Revaluations At 31 December 2023 11.457.041 7,037,470 14,700,393) 100 11,457,141 7,167,Y59 14,700,393) 130,489 946.455 14,740,573 946 455 100 14,871,162 130.489 Carrying value at 31 December 2023 Investment holdings Cash held by investment managers 14,740,573 595,425 15,335,998 130,489 100 14,871,162 595,425 100 15.466.587 130,489 Carrying value at 31 December 2022 Investment holdings Cash held by investment managers 11,457.041 228,594 11.685,635 100 11,457,141 228,594 100 11,685,735 Cost At 31 December 2023 Al 31 December 2022 14.228,056 12,154,249 100 14,228,156 100 12,154,349 At 31 December, the Charity's inveslrnenl portfolio included the following individual holdings which represented a material proportion of the total value of the fixed asset inveslmenl portfolio al that date. 2023 Cazenove Responsible Mulli-Assel Fund UK Government 5% Treasury Bill 1716124 Microsoft Corp Roba¢o Capital Growth Funds 1.5 /0 United Kingdom Gill Snr Reg-s 31 Jul 53 Apple Inc 0.8751b/o United Kingdom Gilt Snr Reg-s 31 jul 22 Marks & S encer 4.750A SNR EMTN 12106125 4,756,739 2,002,001 285,563 264,291 256,372 215.986 207,580 201,132 Principal subsldlarles The Charity owns 100 /0 of the ordinary share capital of CST Promotions Limited, a trading company (company number.. 030103901. At the balance sheet dale, CST Promotions Limited had aggregate Capital and reserves of £100 {2022= £16,616)), represented by- Community Security Trust 37 Note5 to the accounts 31 December 2023 14 Fixed asset investments (continued) 2023 2022 Debtors Cash al bank Creditors Net assetsl 21,193 237,456 258,549 31,208 203,241 241 065 6,616 CST Promotions Limited donates its taxable profits to Community Security Trusl. Incorne and expenditure for the year is shown below= 2023 2022 Income Cost of sales Adminislr81ive costs 272,750 13.980} 8.796 259,974 6,716 6,718 15 Debtors Grou 31 December 2023 Charil 31 December 2023 31 December 2022 31 December 2022 Due wlthln one year Donations receivable Amounts owed by group undertaking Other debtors Prepayments and accrued income 568,156 511,181 568,156 4.002 79,175 801,963 511,181 744 65,508 449,671 100,368 801,963 96,716 449,671 Home Office Grant commitments 4,682,087 6,152,574 2,368,733 3,426,301 4,682,087 6,135,383 2,368,733 3.395.837 16 Short term deposits Grou Charil 2023 2022 2023 2022 Cash e uivalents on de osil 3.472,609 3,555,919 3,472,609 3,555,919 Community Security Trust 38 Notes to the accounts 31 December 2023 17 Creditors: Amounts falling due within one year Grou Charil 2023 2022 2023 2022 Security Enhancement Project creditors Trade creditors Other laxalion and social se¢urily Home Office Granl wmmilmenls A¢¢ruals and deferred Income 230,486 1.343,048 189,946 3,958,662 529,446 6,251,588 280,016 121,811 136,272 2,503,187 536,496 3,577,782 230,486 1.343,048 159,079 3.958,662 305 766 5,997,041 280,016 121.811 134,551 2,503,187 297,896 3,337,451 18 Financial instruments Financial assets Grou Charll 2023 2022 2023 2022 Financial assets measured at amortised cosls 4,782,455 2,465,450 4,761,264 2,434,242 Flnancial liabilities Grou Charil 2023 2022 2023 2022 Flnanelal liabllilies measured at amortised costs 4,692 723 3.182,805 4,665,993 2,942.484 Financial assets measured at amortised cost comprise of the Home Office Grant commitments (debtor), amounts owed by group undertakings, other debtors and accrued income. Financial liabilities measured at amortised cost comprise of trade creditors, the Home Office Grant commitments (creditor), Security Enhancement Project commitments and accruals. Community Security Trust 39 Notes to the accounts 31 December 2023 19 Statement of funds Slalement of funds - current year Balance at 31 Gainsl DecembÈr 1105sesl 2023 Balance at 1 January 2023 Transfer inloul Income Expenditure Endowment fund Deslgnated funds Se¢urily Enhan¢em8nt Fixed asset fund Inveslmenl property fund 5.150,739 59.154 1291,0551 4,918,838 1,800,000 716,632 4.637,645 12.305,016 600,000 156,328 2,400.000 648,392 4 637,645 12.604,875 1224,5681 59,154 515623 756,328 General funds 10,161.054 9 923 376 7645113 1,256,328 1,074,239 12,257,228 Total unrestrlcted funds 22,466,070 9.982,530 8,160,736 500,000 1,074,239 24.862,103 Restrlcted funils Home Office Proteclive Security Grant Aggreg8ted other ￿strIcted grants 165.854 17,368,546 117.208.6221 325,778 190,255 1, 146.243 693,858 500 000 1.142,640 Total restrlcted funds 358,109 18,514,789 117,9024801 500,000 1,468,418 Total of funds 22,822,179 28,497.319 126,063,216) 1,074,239 26.330,521 Community Security Trust 40 Notes to the accounts 31 December 2023 19 Statement of funds {continued) Statement of funds - prior year Balance at 31 Gainsl December Ilossesl 2022 Balance al 1 January 2022 Transfer inloul Income Experiditure Endowment fund 5,359,307 76,425 1284,9931 5,150,739 Deslgnated fund5 Security Enhancement Fixed asset lund Inveslmenl prop8rty fund 1.800,000 873,445 4,637,645 12,670 397 1.800,000 716,632 4,637,645 12,305 016 1278.4331 121,620 76,425 563.426 121,620 General funds 9,646,302 7,808.268 6,253,222 121.620 918.674 10 161 054 Total unrestricted funds 22 316.699 7,884,694 6,816.648 918,674 22,466,070 Re$trlcted funds Home offi￿ Prole¢live Security Grant Aggr8gated other restricted grants 113,024 13,924,650 (13,871.8201 165,854 133925 386.511 190 255 Total restrlGted funds 246.949 14.367,491 114,258,331) 356.109 Total of funds 22,563.648 22,252,184 21,074,979 918.674 22,822,179 Endowment and Designated funds The Endowment Fund represents the disposal proceeds of the primary offices of the Charity which was sold in 2021 under a sale and leaseback agreement. This is used lo fund the rent payable on this property less income from sub-lease arrangements, to ensure the Charity can retain appropriate office space for the foreseeable future. The Securiiy Enhancement Fund provides for 36 months of security enhancement expenditure at the current budgeted rate of spend. This has been increased to reflect the increase in security enhancement expenditure. The Fixed A5sel Fund represents the funds donated lo the Charity for the purchase of fixed assets for its long-term use. Depreciation is charged against the fund and a transfer is made to or from unrestricted funds to adjust for additions and disposals lo the fund. The Investment Property Fund represents the value of the Charily's investment properties, which are principally held for income generation to further the Charity's charitable objectives. The combined lolal of the fix8d asset fund and the investment properly fund totals the nel book value of tangible fixed assets shown in notes 12 and 13. Community Security Trust 41 Notes to the accounts 31 December 2023 19 Statement of funds {continued) Restrlcted funds.. The Home Office Protective Security Grant is used lo reimburse the Jewish community's stale aided schools, independent & private schools, sensitive locations and synagogues for their security costs. This also included income and expenditure lo administer the Grant. All remaining restricted funds have been aggregated for convenience of display. Separate internal records are maintained for reporting and project monitoring purposes, lo ensure all granl restrictions are fully complied with. Fund transfers Transfers from general funds to the designated fixed asset fund represent net fixed asset additions during the year. The carried forward balance on the fixed asset fund represents the value of the operational fixed assets used to further the Charity's objectives. A £500,000 transfer between restricted and unreslricted funds represenls a donation received in 2022, which was not idenlified as restricted until 2023. No monies were spent against this in 2022. 20 Analysis of net assets between funds Analysis of net assets belween funds Unrestricted Restrl¢ted funds funds Unreslri¢t8d Reslricled funds funds 2023 2022 Grou Tangible fixed assets Fixed assel inveslmenls Investment property Current assets Creditors due wilhln one year Total 648.391 15,466,487 4,637,645 6.402,506 648,391 716,632 15,466,487 11.685,635 4,637.645 4,637,645 5,427,080 11,829,586 6,460,338 716.632 11,685.635 4,637.645 2,859,295 9,319,633 2,292,926 24,862,103 3,958,662 6,251,588 1,034,180 1,468,418 26,330,521 22,466,070 2,503 186 3,537,368 356,109 22,822,179 Unre$l¥lcted Restricted funds fund5 Unr8stric18d Restricted funds funds 2023 2022 Charit Tangible fixed assets Fixed asset investments Inveslmenl property Current assets Creditors due wilhin one year Total 648,391 15,466,587 4,637,648 6,147,859 648,391 718,632 15,466,587 11,685,735 4,637,645 4,637,645 5,427,080 11,574,939 6.226,833 716,632 11.685,735 4,637,845 2,859,295 9,085,928 2 038 379 24,862,103 3 958.662 5,997,041 793,859 1,468,418 26,330,521 22.472,786 2,503,186 13,297,045 356,109 22.828,895 21 Pension commitments The pension charge per the accounts represents contributions paid by the Charity for the year and amounted to £286,492 (2022 £251,629} in respect of defined contribution schemes. Community Security Trust 42 Notes to the accounts 31 December 2023 22 Operating lease commitments Al 31 December, the Group had commitments to make future minimum lease payments under non-cancellable operating leases as follows: 2023 2022 Less than 1 year 1-5 years More than 5 years 373,532 1,294,959 4 550,513 6.219,004 356,538 1,303,657 4,871,889 6,532,084 The Group sold its main office in the prior year and entered into a 2Q-year lease. Total operating lease payments recognised as an expense in the year was £374,701 12022 - £366,961). 23 Operating lease lessor 2023 2022 Within 1 year Belween 1 and 5 years After 5 years 414,245 1.574,165 2.866,016 4,854,426 426,645 1.603,345 3,521.385 5,551.375 The Charity receives rent from leasing out some of ils main office occupied under an operating lease, and from rent received from the investmeni property held. Community Security Trust 43 Notes to the accounts 31 December 2023 24 Related party transactlons During the year, CST Promotions Limited, a subsidiary of the Charity, made a donation under gilt aid to the Charity tolalling £250,00012022 - £nil). As al 31 December 2023, the trading subsidiary CST Promotions Limited owed £744 to the Charity, (2022.. CST Promotions Limited owed £744 to the Charity). During the year, the Charity received donations totalling £523,100 (2022 - £512,650) from directors of the Corporate Trustee, and parties over which the directors had control or significant influence. The Jewish Leadership Council, a company with 8 mutual Director with the Corporate Trustee, was a tenant of the charity's operational property during the period. Rental payment received in the period totalled £18,50012022 - £18,500), The terms of the lease are consistent with leases made lo unconnected entities. Community Security Trust 44