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2023-12-31-accounts

Charity Registration No. 1058107

Company Registration No. 3239086 (England and Wales)

BOARD OF DEPUTIES CHARITABLE FOUNDATION TRUSTEES’ REPORT AND CONSOLIDATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

BOARD OF DEPUTIES CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION

Trustees P Rosenberg
(all appointed A Cohen
1 June 2024) A Gilbert
J Michelson
B Crowne
Chief Executive M Wegier
Charity number 1058107 (England and Wales)
Company number 3239086 (England and Wales)
Auditors Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW
Principal Address ORT House
147 Arlington Road
London
NW1 7ET
Bankers National Westminster Bank Plc
Chancery Lane, Holborn
332 High Holborn
London
WC1V 7PA

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONTENTS

Page
Trustees’ Annual Report 1 - 8
Statement of trustees’ responsibilities 9
Independent auditors’ report 10-12
Consolidated Statement of Financial Activities 13
Consolidated and Charity Balance Sheets 14
Consolidated Statement of Cash Flows 15
Notes to the accounts 16 - 29

BOARD OF DEPUTIES CHARITABLE FOUNDATION TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their report and accounts for the year ended 31 December 2023 which also contains the Directors’ report as required by company law.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charitable company’s constitution, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

REFERENCE AND ADMINISTRATIVE DETAILS

Other working names for the Board of Deputies Charitable Foundation (including consolidated entities) include the Board of Deputies and the Board of Deputies of British Jews.

The Trustees who held office during the year and until 31[st] May 2024 were:

Amanda Bowman David Mendoza-Wolfson Edwin Shuker Marie van der Zyl Michael Ziff

Following the elections in May 2024 the following Trustees were elected to serve from 1[st] June 2024 until 31[st] May 2027:

Adrian Cohen Ben Crowne Andrew Gilbert Jeremy Michelson Philip Rosenberg

Under the Articles of Association of the Charitable Company, the Trustees are to be the Honorary Officers of the Board of Deputies of British Jews (i.e., President, Vice Presidents and Treasurer). Elections for Honorary Officers are held every three years, and most recently at the start of the current Triennial Session in May 2024.

The key management personnel consist of the Trustees and the senior management personnel described below.

The senior management personnel to whom the charity delegates day-to-day management of the charity are:

Andrew Leigh Director of Operations Brian Markeson Director of Finance (resigned 30[th] June 2024) Daniel Sugarman Director of Public Affairs Dawn Waterman Director of Education Michael Wegier Chief Executive

Other organisations providing professional advice to the charity include:

Auditors: Crowe U.K. LLP, 55 Ludgate Hill, London EC4M 7JW Bankers: NatWest Bank, Chancery Lane and Holborn, 322 High Holborn, London WC1V 7PA Investment Advisors: Castle Wealth Limited, Thremhall Park, Bishops Stortford, Herts., CM22 7WE

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The Board of Deputies Charitable Foundation is a registered UK charity no. 1058107 and a company limited by guarantee (registration no. 3239086). The company was incorporated on 19 August 1996 and commenced its operations on 1 January 1997. The governing document of the company is the Memorandum and Articles of Association.

BOARD OF DEPUTIES CHARITABLE FOUNDATION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Board of Deputies is democratic and representative. This is based upon a system of delegates (known as Deputies) elected from the great majority of Jewish communal organisations, including synagogues, social and welfare organisations, local community bodies and others. At the end of the 2021-24 cycle there were 268 Deputies and 31 under-35 observers.

The Deputies elect their Honorary Officers, comprising a President, three Vice-Presidents and a Treasurer, on a three-year cycle. These Honorary Officers provide the Trustees and Directors of the Charitable Foundation. The Trustees are ultimately responsible for decision-making. The day-to-day working of the Board of Deputies is carried out by a professional staff team, under the direction of the Chief Executive and senior management team.

The charity follows guidelines of the Charity Commission in the induction of new Trustees including checking eligibility and conflicts of interest. In addition, Trustee training is encouraged through communal organisations.

Pay and remuneration of the charity’s key management personnel is set by considering cost of living increases and benchmarking against similar charitable organisations and approved by the President and Treasurer. The Trustees receive no remuneration for their role.

Relationship between the Charitable Foundation and its related parties

The entities listed below share Trustees or Directors in common with the Board of Deputies Charitable Foundation.

The Board of Deputies of British Jews Limited

The Board of Deputies of British Jews Limited is a small, consolidated subsidiary which receives the Representation Fees from member organisations and synagogues, processes deputy expenses and performs grassroots advocacy activities. The Board of Deputies Charitable Foundation charged a management fee of £45,062 during the year to the Board of Deputies of British Jews Limited (2022 - £60,835).

Board of Deputies Jewish Heritage

Board of Deputies Jewish Heritage was created by a merger on 3 November 2022 between BOD Heritage and Jewish Heritage UK . It is a small, consolidated subsidiary with charitable status and remained inactive throughout the year. It exists to hold the title of non-active Jewish cemeteries, which the charity maintains on behalf of the community. As a result of the merger, new activities of a heritage nature are proposed to commence in due course.

Board of Deputies Charitable Trust

The principal activities of the Charitable Trust have been undertaken by the Charitable Foundation since the 1 January 1997. The Charitable Trust has undertaken little activity since 2004, and its primary purpose was the ownership of the Sir Richard Burton manuscript. The Charitable Trust remained dormant in the year ended 31 December 2023.

The Trustees obtained professional advice to close the Charitable Trust by transferring its activities and net assets to the Charitable Foundation on 31 December 2009. In early 2024 following updated advice the Sir Richard Burton manuscript was transferred to the Charitable Foundation. The Charitable Trust was then merged with the Charitable Foundation and removed from the Register of Charities in July 2024.

OBJECTIVES, ACTIVITIES AND PUBLIC BENEFIT

Public Benefit Statement

The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’. These requirements are addressed in this report.

Objectives

The objects of the company, which formed its activities during the year, were as follows: -

BOARD OF DEPUTIES CHARITABLE FOUNDATION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Through the Executive Committee, the Divisions, the staff and other structures, the Board of Deputies monitors its activities to ensure adherence to its objectives, whilst also having regard to changing circumstances affecting the community. Such activities adhere to the public benefit requirements by providing services to the public, or a significant and identifiable part of it, which are of tangible benefit and in accordance with its charitable objects.

Volunteers

The Board of Deputies works with a number of volunteers in particular in the delivery of its education and Yom HaShoah activities. All Deputies are volunteers.

The Board of Deputies has reinforced its role as the voice of the UK Jewish community: the first port of call for Government, media and others seeking to understand the Jewish community’s interests and concerns.

Its activities have included the following highlights, which accord with its objectives and deliver a tangible benefit to the Jewish community and wider society. This is achieved through promoting the understanding of the Jewish community, and other faith communities, through cohesion, advocacy and education.

Achievements and Performance

The Board of Deputies has reinforced its role as the voice of the UK Jewish community: the first port of call for Government, media and others seeking to understand the Jewish community’s interests and concerns. Its activities have included the following highlights, which accord with its objectives and deliver a tangible benefit to the Jewish community and wider society. This is achieved through promoting the understanding of the Jewish community, and other faith communities, through cohesion, advocacy and education. In the past year, the Board of Deputies has:

Supported Israel following the attacks of 7th October

BOARD OF DEPUTIES CHARITABLE FOUNDATION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Challenged media bias

Supported the Jewish community

Advocated internationally

Educated within and beyond the Jewish community

Fought terrorism and extremism

Promoted interfaith dialogue

BOARD OF DEPUTIES CHARITABLE FOUNDATION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Engaged politically

Celebrated the Coronation of His Majesty King Charles III

FURTHER ACTIVITIES PLANNED TO ACHIEVE THE OBJECTIVES OF THE CHARITY INCLUDE :

Fighting antisemitism

Standing up for peace and security in Israel and the Middle East

Defending our religious freedoms

BOARD OF DEPUTIES CHARITABLE FOUNDATION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Making our community more united, more inclusive, and more outward-looking

Celebrating our faith, heritage, and culture as British Jews

FINANCIAL REVIEW

Consolidated accounts are prepared as the Trustees believe that this arrangement best portrays the financial position of the charitable company and other entities, which are under common control of the Trustees of the Foundation.

The consolidated net deficit for the year before movements in the value of investments was £173,749 ( 2022: surplus £231,218).

Income and Fundraising

Source of Income Year to 31 Dec 2023 Actuals Year to 31 Dec 2023 Budget
Communal Contribution £688,270 £700,000
Representative Fees £122,918 £125,000
Donations and other income £377,329 £385,000
TOTAL £1,188,517 £1,210,000

The Board of Deputies’ main source of income is the voluntary Communal Contribution (CC). Other sources of income are grants, donations and Representation Fees.

The CC is requested from the members of the represented synagogues together with the normal membership dues and is passed to the Board. It is the accepted practice to include the CC amount within the synagogues’ request for a donation, totalled with membership and other contributions.

When a synagogue elects its Deputy or Deputies, it formally undertakes to request that all of its members pay to the Board of Deputies a sum of money equal to the CC set by the Board of Deputies. The level of CC is determined by the Board of Deputies in a board meeting and reviewed at regular intervals.

Income from the communal contribution was £688,270 in 2023 compared to £602,880 in 2022. Much of this increase is directly attributable to additional collection activities by the Trustees, Deputies and the Professional team.

BOARD OF DEPUTIES CHARITABLE FOUNDATION TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Every synagogue and organisation that belongs to the Board of Deputies is required to contribute a Representation Fee. In 2023 the fees were as follows: -

Synagogues with under 100 members: £ 245 per Deputy Synagogues with more than 100 members: £ 495 per Deputy Organisations: £ 595 per Deputy

Representation Fees are payable yearly in advance on 1 June. The Representation Fee assessed by the Board of Deputies is binding on all the represented constituencies for the whole Triennial Session of the Board of Deputies.

The Representation Fees received for the year were £122,918 (2022: £121,678).

Fundraising

In addition to the Communal Contribution and the Representation Fees described above, the Board of Deputies has increased its fundraising in order to reduce its operating deficit. Other fundraising activities include receiving grants from the World Jewish Congress and other UK charities.

The Board of Deputies is registered with the Fundraising Regulator and there was full compliance with the scheme during the year. During the year no third-party fundraising organisations were used. There were no complaints about its fundraising activities. The Board of Deputies does not actively seek donations from members of the general public.

Reserves Policy

The Trustees have previously examined the requirement for free reserves which are those unrestricted funds not invested in fixed assets, designated for specific purposes, or otherwise committed. The Trustees consider that, under normal circumstances and given the nature of the Board's work, this should be between 6 and 12 months’ budgeted expenditure.

Total reserves at 31 December 2023 were £4,825k (2022: £4,814k). After taking into account restricted reserves of £nil(2022: £74k), the unrestricted free reserves are £ 4,825k (2022: £4,740k).

The Board is reserves’ policy will be reviewed and updated in 2024.

Investment Policy

The Board’s investment portfolio continued to be managed by the two professional investment management firms that were appointed with the assistance of our external professional investment advisor in 2018. The investment managers are mandated to manage their respective parts of the Board’s portfolio so as to produce favourable returns over appropriate periods of time, taking into account investment market conditions with moderate risk via a diversified mix of traditional and alternative investments with a variety of liquidity profiles. The investment advisor and fund managers inform the Board of Deputies regarding any ethical, social or environmental concerns regarding the investments.

As at 31 December 2023, the increase in value of the Board’s investments (excluding dividend income) during the year was £184,933 (+4.4%) which, although somewhat disappointing was comparable to increases experienced in many other markets.

Information on the financial position of subsidiaries

Board of Deputies of British Jews Limited:

The company continued operating during the year. At 31 December 2023 it had reserves of £75,921 (2022: £91,744). Income in the year was £126,648 and expenditure was £87,140.

Board of Deputies Jewish Heritage:

The company received a donation from Jewish Heritage UK following the merger in 2022. It remained inactive during the year. As at 31 December 2023 it had reserves of £10,460 (2022 -£1,609)

BOARD OF DEPUTIES CHARITABLE FOUNDATION TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Risk Management

The key risks faced by the charity include:

The Finance and Organisation Division maintain a Risk Management Working Group to consider risks and provides guidance to the Trustees on appropriate mitigating actions which include maintaining a sufficient level of reserves.

Going concern

Having considered post year-end results and reserves, the Trustees consider the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.

Disclosure of information to auditors

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information.

On behalf of the Trustees on 11 September 2024

Philip Rosenberg Trustee Ben Crowne Trustee

BOARD OF DEPUTIES CHARITABLE FOUNDATION STATEMENT OF TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees, who are also the directors of Board of Deputies Charitable Foundation for the purposes of company law, are responsible for preparing the Trustees’ Report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”.

Company law requires the charity trustees to prepare accounts for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period.

In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

BOARD OF DEPUTIES CHARITABLE FOUNDATION INDEPENDENT AUDITORS REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2023

Opinion

We have audited the financial statements of Board of Deputies Charitable Foundation (‘the charitable company’) and its subsidiaries (‘the group’) for the year ended 31 December 2023 which comprise Group Statement of Financial Activities, the Group and Company Balance Sheets, the Group Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's or the group’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

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

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

BOARD OF DEPUTIES CHARITABLE FOUNDATION INDEPENDENT AUDITORS REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2023

Matters on which we are required to report by exception

In light of the knowledge and understanding of the group and charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

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

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 11, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditor’s responsibilities for the audit of the financial statements

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

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and noncompliance with laws and regulations are set out below.

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

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charitable company and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP (FRS102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s and the group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the

BOARD OF DEPUTIES CHARITABLE FOUNDATION INDEPENDENT AUDITORS REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2023

charitable company and the group for fraud. The laws and regulations we considered in this context for the UK operations were employment legislation, taxation legislation and General Data Protection Regulation (GDPR).

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of communal contribution income and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management and the trustees’ about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, sample testing of communal contribution income and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

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

Tina Allison

Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory Auditor

London, UK 11 September 2024

BOARD OF DEPUTIES CHARITABLE FOUNDATION

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Income from:
Donations
3a
Legacy
Other trading activities
4
Charitable activities
5
Investment income
6
Total income
Expenditure on:
Cost of generating funds:
Costs of generating donations, gift
and event income
Expenditure on charitable
activities:
Service of the Jewish Community
Education of Jews and non-Jews
Research into Jewish Communities
Security, Interfaith and good
citizenship
Total expenditure
7
Net income/(expenditure) and net
movement in funds for the year
before transfers and investment
gains
Net gains/(losses) on investments
16
Transfer between funds
Net income/(expenditure) and net
movement in funds for the year
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
Total
funds
2023
Total
funds
2022
£
£
£
£
1,021,895
-
1,021,895
910,282
507
-
507
560,000
31,535
39,300
70,835
84,345
54,154
-
54,154
114,046
41,126
-
41,126
26,914
1,149,217
39,300
1,188,517
1,695,587
19,232
-
19,232
67,233
918,380
181,508
20,239
93,275
55,531
74,101
-
-
973,911
255,609
20,239
93,275
1,041,518
199,751
-
155,867
1,232,634
129,632
1,362,266
1,464,369
(83,417)
(90,332)
(173,749)
231,218
184,933
-
184,933
(299,234)
(16,532)
16,532
-
-
84,984
(73,800)
11,184
(68,016)
4,740,461
73,800
4,814,261
4,882,277
4,825,445
-
4,825,445
4,814,261

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for the consolidated income and expenditure account under the Companies Act 2006.

The notes at pages 16 to 29 form part of these accounts.

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED AND CHARITY BALANCE SHEETS AS AT 31 DECEMBER 2023

Group Group Charity Charity
Note 2023 2022 2023 2022
£ £ £ £
Fixed assets:
Tangible assets 15 - - -
Investments 17 4,340,785 4,155,852 4,340,785 4,155,852
4,340,785 4,155,852 4,340,785 4,155,852
Current assets:
Debtors 19 259,323 196,128 396,064 287,564
Cash at bank and in hand 421,599 618,355 139,449 383,064
Total Current assets 680,922 814,483 535,513 670,628
Liabilities:
Creditors: Amounts falling due within one year 20 (196,262) (156,074) (137,233) (103,963)
Net current assets 484,660 658,409 398,280 566,665
Total assets less current liabilities 4,825,445 4,814,261 4,739,065 4,722,517
Total net assets 4,825,445 4,814,261 4,739,065 4,722,517
The funds of the Charity:
Restricted income funds 22 - 73,800 - 73,800
Unrestricted funds 4,825,445 4,740,461 4,739,065 4,648,717
Total funds 23 4,825,445 4,814,261 4,739,065 4,722,517

The net income of the charity was £16,548 (2022: £66,993).

The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes at pages 16 to 29 form part of these accounts.

Approved by the Board of Trustees on 11 September 2024

B Crowne Trustee

P Rosenberg Trustee

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

,
Note
Cash flows from operating activities:
Net cash (used)/provided by operating activities
24
Cash flows from investing activities:
Investment income
Purchase of tangible fixed assets
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 2023
2022
£
£
(237,882)
346,942
41,126
26,914
41,126
26,914
(196,756)
373,856
618,355
244,499
421,599
618,355

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

Accounting Policies

1.1 Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The comparative figures relate to the year ended 31 December 2022.

1.2 Preparation of the accounts on a going concern basis

The accounts have been prepared on a going concern basis and the trustees believe that despite the difficulties resulting from the coronavirus pandemic, there are no material uncertainties about the Charity’s ability to continue as a going concern having regard to the level of the Charity’s reserves.

1.3 Basis of consolidation

The financial statements consolidate the results of the Charity, the Board of Deputies Charitable Trust (charity number 222160 - England and Wales) which is dormant and Board of Deputies Jewish Heritage (charity number 1133181- England and Wales, company number 06720581 - England and Wales) which has only recently begun operating. The Charity shares trustees in common with these entities and has related objects. Accordingly, all the activities have been consolidated into these accounts on the basis of common control.

Additionally, the accounts incorporate the Board of Deputies of British Jews Limited (company number 06781106 – England and Wales). This is a not-for-profit company that carries out non-charitable activities on behalf of the Board of Deputies. The trustees of the Charity are also the directors of the company. Subsidiaries have been consolidated on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the Charity has not been presented because the Charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.

1.4 Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. The communal contributions represent amounts received from synagogues and related organisations. These are accounted for on an accruals basis.

Government grants are recognised on the performance model, when the charity has complied with any conditions attaching to the grant and the grant has been received. The grant in connection to the job retention scheme has been recognised in the period to which the underlying furloughed staff costs relate.

Due to the uncertain timing and quantum of receipts, legacy income is recognised at the earlier of the receipt of final accounts or money received.

All other incoming resources are accounted for on a receivable basis except for donations and grants where donors impose conditions which have to be fulfilled before the charity becomes entitled to such income. In such cases the income is deferred and not included in incoming resources until the pre-conditions for use have been met.

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

1.5 Investment income

Interest on funds held on deposit is included upon notification of the interest paid or payable by the Bank. Dividends are recognised once the dividend has been declared and notification has been received by our investment advisor of the investment portfolio

1.6 Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates.

Costs of raising funds comprise those costs associated with attracting voluntary income and the costs for fundraising purposes from charity events.

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

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly.

1.7 Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 10% & 33% straight line

Only capital items with a value in excess of £1,000 have been capitalised.

The policy with respect to impairment reviews of fixed assets is that these assets are inspected regularly for any impairment and any defect remedied so as to maintain current value.

1.8 Fixed asset investments

Investments represent basic financial instruments that are measured at fair value as at the balance sheet date using the closing market price. Gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated by reference to the value at which the investment was included in previous year’s accounts, or the cost if acquired during the year. Unrealised gains and losses are calculated as the difference between the fair value at year end and their carrying value. Realised and unrealised investment gains and losses are combined in the statement of financial activities.

1.9 Debtors

Debtors are recognised at the settlement amount due after any discount offered and provision for bad and doubtful debts. Prepayments are valued at the amount prepaid net of any discounts due.

1.10 Cash at bank and in hand

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

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

1.11 Creditors and provisions

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

1.12 Financial instruments

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

1.13 Pensions

For defined-contribution schemes, the amount charged to the SoFA in respect of pension costs and other postretirement benefits is the contribution payable in the year. Any difference between the charge to the SoFA and the contributions payable to the scheme is shown as an asset or a liability in the Balance Sheet.

1.14 Operating leases

Rentals payable under operating leases are charged against income on a straight-line basis over the period of the lease.

1.15 Fund accounting

The Board of Deputies Charitable Foundation maintains various types of funds as follows, and transfers are made where necessary as permitted by the nature of the funds:

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

Restricted funds represent income received which is allocated by the donor to a specific project. The restrictions are binding on the trustees of the charity.

Designated funds represent funds which are unrestricted, but the Trustees have designed them for a specific purpose to further the objectives of the charity.

1.16 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The trustees do not believe there to be judgements or estimates that would be considered material to the financial statements.

2 Legal status of the Charity

The Charity is constituted as a company limited by guarantee, number 3239086 and has no share capital. Its registered office is at ORT House, 147 Arlington Road, London, NW1 7ET. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity.

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

3 Income from donations

Communal contribution
Donations and gifts
Representation fees		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2023
2023
2023
2022
£
£
£
£
688,270
-
688,270
602,880
210,707
-
210,707
185,724
122,918
-
122,918
121,678
1,021,895
-
1,021,895
910,282

As at 31 December 2023, the charity had been notified of two legacies (2022: one) . These legacies have an estimated value of £860,000 (2022: £700,000). Interim distributions of £560,000 from one of the legacies were received during 2022. As per Note 1.4 above, no accrual is made for legacy income due to uncertainties around its quantum and the timing of receipts.

All income was unrestricted in the both years.

4 Other trading activities

Fundraising reception
Yom HaShoah
Pikuach
Hidden Treasures
Other		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2023
2023
2023
2022
£
£
£
£
8,800
-
8,800
27,410
-
39,300
39.300
31,150
21,575
-
21,575
13,525
-
-
-
11,370
1,160
-
1,160
890
31,535
39,300
70,835
84,345

In 2022 Unrestricted funds amounted to £41,825 and restricted funds to £42,520.

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

5 Income from charitable activities

Exhibitions, books and tours
Other activities
ADL project
The ADL project income of £98,000 in 2022 was restricted.
Investment income
Interest receivable
Income from investments
All income was unrestricted in both years.		 Unrestricted
Funds
2023
£
1,413
52,741
-


Total
funds
2023
Total
funds
2022

£
£


1,413
52,741
2,876
13,170

-
98,000
54,154
54,154
114,046
2023
2022
£
£
5,567
35,559
789
26,125
41,126
26,914

6 Investment income

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

7a Analysis of expenditure

Staff costs
Travel and subsistence
Pikuach
Promotion and events
Yom HaShoah
Legal & Professional
Other costs
Governance costs- staff
Governance costs-other
 Fundraisin
g and
promotion
Costs
£
17,442
-
-
1,397
-
-
393
-
-		 Services to
the Jewish
Community
£
587,611
28,043
-
107,338
24,946
32,579
137,377
9,267
46,750		 Education
of Jews and
non-Jews
£
152,610
12,685
70,548
5,947
-
8,886
4,893
40
-		 Education
of Jews and
non-Jews
£
152,610
12,685
70,548
5,947
-
8,886
4,893
40
-		 Research into
Jewish
Communities
£
15,782
-
-
-
-
-
4,457
-
-		 Security,
Interfaith
and good
citizenship
Total
2023
£
£
58,369
831,814
8,882
49,610
-
70,548
2,638
117,320
-
24,946
20,391
61,856
2,995
150,115
-
9,307
-
46,750
19,232 973,911 255,609 20,239 93,275
1,362,266

7b Analysis of expenditure (2022)

Staff costs
Depreciation
Rent and rates
Travel and subsistence
Pikuach
Yom HaShoah
Promotion and events
Legal & Professional
Other costs
Governance costs-staff
Governance costs -other		 Fundraising
and
promotion
Costs

£
25,720
-
-
-
-
-
16,750
-
24,763
-
-		 Fundraising
and
promotion
Costs

£
25,720
-
-
-
-
-
16,750
-
24,763
-
-		 Services to
the Jewish
Community
£
518,446
64,444
32,867
47,913
85,139
69,081
145,132
39,981
38,515		 Education
of Jews
and non-
Jews
£
96,497
-
-
833
64,157
-
5,062
33,202
-
-		 Education
of Jews
and non-
Jews
£
96,497
-
-
833
64,157
-
5,062
33,202
-
-		 Research into
Jewish
Communities
£
-
-
-
-
-
-
-
-
-
-		 Security,
Interfaith
and good
citizenship
Total
2022
£
£
126,558
767,221
-
64,444
1,071
34,771
-
64,157
-
47,913
101,889
-
74,143
28,238
231,335
-
39,981
-
38,515
67,233 1,041,518 199,751 - 155,867
1,464,369

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

Analysis of expenditure (continued)

Other costs comprise:
Bank interest and charges
Subscriptions and membership fees
Insurance
Telephone
Photography
Printing, postage and stationery
Parliamentary monitoring
Computer costs
Grassroots advocacy expenses
Hidden Treasures project
Photocopier lease
Training and Development
Cemetery repairs and maintenance
Sundry expenses
Room and storage rental
Anti-Defamation League		 Total 2023
Total 2022
£
£
1,856
2,379
31,491
32,883
15,876
15,676
7,026
4,003
1,765
2,328
3,821
10,412
-
6,410
37,842
56,525
2,754
-
3,159
26,130
-
7,248
2,539
1,610
1,869
600
34,813
17,677
6,446
19,836
2,276
24,200
150,115
231,335

8 Analysis of governance costs

The Charity identifies those costs which relate to the governance function. Having identified its governance costs, these are allocated against the charitable activities on a proportional basis.

Governance costs comprise:
Staff costs
Audit fees
Compliance costs
Travel for Deputies		 2023
2022
£
£
9,307
39,981
46,750
-
-
23,270
12,900
2,345
56,057
78,496

Audit fees include unrecoverable VAT (£5,000), under-provision (£12,000) and overruns (£5,000) for the 2022 audit

9 Net (expenditure)/ income for the year

This is stated after charging:

Fees payable to the charitable company’s auditor for the audit of the annual
accounts (as per note 8)
Fees payable to the charitable company’s auditor for other services:
Tax compliance services
Accountant’s report on projects/subsidiaries
Operating lease costs		 2023
2022
£
£
46,750
19,392
1,590
2,240
1,000
900
1,320
64,444
50,660
86,976

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

10 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Wages and salaries
Social security costs
Pension costs
The numbers of employees having benefits in excess of £60,000 or more were:
£60,000 to £69,999
£70,000 to £79,999
£120,000 to £129,999		 2023
2022
£
£
755,579
729,798
75,991
77,962
30,548
31,857
862,118
839,617
2023
2022
Number
Number
1
1
2
1
1
1

Contributions totalling £15,300 (2022: £15,993) were made to defined contribution pension schemes on behalf of employees whose emoluments exceed £60,000. The higher paid employees were also members of key management personnel as referred to in the trustee report.

The charity’s key management personnel are the senior management team, comprising the Chief Executive, plus the Directors of Finance, Operations, Education and Public Affairs.

Total benefits received by the senior management team in the year amounted to £418,566 (2022: £405,320). No trustee received any remuneration during the year (2022: £ nil).

11 Staff Numbers

The average monthly head count of employees during the year was as follows:

2023 2022
Number Number
Charitable activities 17 18

At 31 December 2023 the headcount of full-time and part-time staff was 12 and 5 respectively (31 December 2022: 12 full-time and 5 part-time).

12 Pension and other post-retirement benefit commitments

Contributions payable by the group and charity for the year 2023
2022
£
£
30,548
31,857

The expense has been allocated to unrestricted expenditure on the same basis as wages and salaries.

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

13 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year (2022 £Nil) Trustees were reimbursed for travel, accommodation and subsistence costs totalling £20,817 (2022: £18,328). Donations from trustees during the year were £5,000 (2022: £Nil)

14 Corporation tax

As a charity, the Board of Deputies Charitable Foundation is exempt from UK tax on income and gains to the extent that these are applied to its charitable objects. No UK tax charges have arisen in the Charity, during the year or the previous year. Corporation tax paid by the Board of Deputies of British Jews Limited was £Nil (2022 £Nil).

15 Tangible fixed assets

Group and Charity
Cost:
As at 1 January 2023
Additions
Cost as at 31 December 2023
Depreciation:
As at 1 January 2023
Charge for year
As at 31 December 2023
Net book value
As 31 December 2023
As at 31 December 2022
et gains/(losses) on investments
Revaluation of investments		 Fixtures &
Fittings
£
73,777
-
73,777
73,777
-
73,777
-
-
-
2023
2022
£
£
184,933
(229,234)		 Fixtures &
Fittings
£
73,777
-
73,777
73,777
-
73,777
-
-
-
184,933
(229,234)

16 Net gains/(losses) on investments

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

17 Fixed asset investments

Group & Charity
As at 1 January
Net gains on investments
As 31 December
Comprising:
Fixed interest securities & equity shares
Cash deposit funds		 2023
2022
£
£
4,155,852
4,455,086
184,933
(299,234)
4,340,785
4,155,852
3,952,777
3,808,459
388,008
347,393
4,340,785
4,155,852

18 Subsidiary entities

The Charity also controls the following companies that are limited by guarantee by virtue of the fact it has the power to appoint and remove the directors or trustees or is the sole member of the entities.

Controlled company Country of registration Status
Board of Deputies Charitable Trust Unincorporated charity Dormant registered charity
Board of Deputies of British Jews Limited Company limited by guarantee Not for profit company
Board of Deputies Jewish Heritage Company limited by guarantee Registered charity

The registered office of all the subsidiary entities is ORT House, 147 Arlington Road, London, NW1 7ET

£45,062 (2022: £60,835) was charged by the Charity to the Board of Deputies of British Jews Limited in respect of administrative costs incurred during the year.

The principal activity and the results of these entities for the last relevant financial period were as follows:

Total Net Reserves
incoming/ incoming/ as at 31
(outgoing) (outgoing) December
resources resources 2023
2023 2023
£ £ £
Controlled Principal activity
company
Board of Deputies Promote and enhance the knowledge and - - -
Charitable Trust understanding of Jews and Judaism.
Board of Deputies Support of Jewish representation and exempt 126,647 (142,470) 75,921
of British Jews from audit by virtue of S.479A of the
Limited Companies Act 2006
Board of Deputies Protection of Jewish cemeteries and other
Jewish Heritage heritage related activities 16,843 (12,084) 10,475

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

19 Debtors

Trade debtors
Other debtors
Prepayments and accrued income
Amounts owed by group undertakings		 Group
Charity
2023
2022
2023
2022
£
£
£
£
38,591
108
220,624
-
11,268
-
184,860
-
35,546
-
220,624
139,984
11,268
-
182,047
94,249
259,323
196,128
396,154
287,564

20 Creditors: amounts falling due within one year.

reditors: amounts falling due within one year.
Trade creditors
Taxes and social security costs
Other creditors
Accruals and deferred income		 Group
Charity
2023
2022
2023
2022
£
£
£
£
59,937
29,345
8,324
98,656
42,655
21,100
3,762
88,557
54,443
29,345
8,324
45,223
42,655
21,100
3,762
36,446
196,262
156,074
137,335
103,963

Deferred income comprises of early representation fees income in Board of Deputies of British Jews Limited due to non-conterminous periods.

Balance at the beginning of the period
Amount released to income in the year
Amount deferred in the year
Balance at the year end		 Group
Charity
2023
2022
2023
2022
£
£
£
£
51,748
48,404
-
-
(51,748)
(48,404)
-
-
50,043
51,748
-
-
50,043
51,748
-
-

21 Board of Deputies Charitable Foundation

The relevant figures for the single entity charity, The Board of Deputies Charitable Foundation are:

Total incoming resources
Total resources expended
Net gains on investments
Surplus for the year		 £
1,140,419
(1,308,804)
184,933
16,548

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

22a Analysis of restricted funds

Group and charity restricted funds

Yom HaShoah
Anti-Defamation League		 Balance as
at 1
January
2023
Incoming
resources
Resources
expended
Transfer
between
funds
Funds as at
31 December
2023
£
£
£
£
£
-
73,800
39,300
-
(55,531)
(74,101)
16,231
301
-
-
73,800
39,300
(129,632)
16,532
-

Yom HaShoah funds are used for the annual commemorative events to mark the Holocaust, including the national event in London.

Anti-Defamation League – is a digital educational resource developed for use in schools to counter antisemitism and educate non-Jewish children in years 7 to 10 about the Jewish people, Judaism, antisemitism and ally against antisemitism.

22b Analysis of restricted funds (2022)

Group and charity restricted funds

Yom HaShoah
Heritage – Hidden Treasures
Anti-Defamation League		 Balance as
at 1
January
2022
Incoming
resources
Resources
expended
Transfer
between
funds
Funds as at
31
December
2022
£
£
£
£
£
2,500
7,428
41,150
11,370
(47,918)
(26,130)
4,268
7,332
-
-
-
98,000
(24,200)
-
73,800
9,928
150,520
(98,248)
11,600
73,800

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

23 Analysis of net assets between funds

Fund balances at 31 December 2023 are represented by:
Tangible fixed assets
Investments
Current assets
Creditors of less than one year
Fund balances at 31 December 2022 are represented by:
Tangible fixed assets
Investments
Current assets
Creditors of less than one year		 Unrestricted
and Total
£
-
4,340,785
680,922
(196,262)
4,825,445
Unrestricted
funds
Restricted
funds
Total
£
£
£
-
4,155,852
-
-
-
4,155,852
740,683
73,800
814,483
(156,074)
(156,074)		 Unrestricted
and Total
£
-
4,340,785
680,922
(196,262)
4,825,445
4,740,461
73,800
4,814,261

24 Reconciliation of net movement in funds to net cash flow from operating activities

econciliation of net movement in funds to net cash flow from operating activities
Net movement in funds
(Gain)/loss on investments
Deduct dividend income shown in investing activities
Deduct interest income shown in investing activities
(Increase)/Decrease in debtors
Increase/in creditors
Net cash (used)/provided by operating activities		 2023
2022
£
£
11,184
(68,016)
(184,933)
299,234
(35,559)
(5,567)
(26,125)
(789)
(63,195)
103,527
40,188
39,111
(237,882)
346,942

25 Post balance sheet event

On 20 February 2024, the charity entered into a 15 year lease for new office premises. Five years rent was paid in advance totalling £288,000 and the charity took up occupation on 15 May 2024.

BOARD OF DEPUTIES CHARITABLE FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

26 Consolidated Statement of Financial Activities for the year ended 31 December 2022

Income from:
Donations
Legacy
Other trading activities
Charitable activities
Investment income
Total income
Expenditure on:
Cost of generating funds:
Costs of generating donations, gift and
event income
Expenditure on charitable activities:
Service of the Jewish Community
Education of Jews and non-Jews
Research into Jewish Communities
Security, Interfaith and good citizenship
Total expenditure
Net income/ (expenditure) and net
movement in funds for the year before
transfers and investment gains
Net gains on investments
Transfer between funds
Net income and net movement in funds for
the year
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
Total
funds
2022
£
£
£
900,282
10,000
910,282
560,000
560,000
41,825
42,520
84,345
16,046
98,000
114,046
26,914
-
26,914
1,545,067
150,520
1,695,587
67,233
-
67,233
993,600
149,421
155,867
47,918
50,330
-
-
1,041,518
199,751
155,867
1,366,121
98,248
1.464,369
178,946
52,272
231,218
(299,234)
-
(299,234)
(11,600)
11,600
-
(131,888)
63,872
(68,016)
4,872,349
9,928
4,882,277
4,740,461
73,800
4,814,261