OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-12-31-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 2025

BOARD OF DEPUTIES CHARITABLE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION

Trustees P Rosenberg (President)
A Cohen (Senior Vice President)
J Michelson (Vice President)
K Newman (Vice President, appointed 3 March 2026)
B Crowne (Treasurer)
Chief Executive M Wegier
Charity number 1058107 (England and Wales)
Company number 3239086 (England and Wales)
Auditors Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG
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 - 7
Statement of trustees’ responsibilities 8
Independent auditors’ report 9 - 11
Consolidated Statement of Financial Activities 12
Consolidated and Charity Balance Sheets 13
Consolidated Statement of Cash Flows 14
Notes to the accounts 15 - 24

BOARD OF DEPUTIES CHARITABLE FOUNDATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees present their report and accounts for the year ended 31 December 2025 which also contains the Directors’ report as required by company law.

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 are the Honorary Officers of the Board of Deputies of British Jews and hold other roles as described below.

The Trustees who held office throughout 2025 were Philip Rosenberg, Adrian Cohen, Andrew Gilbert, Jeremy Michelson and Ben Crowne. In January 2026 Andrew Gilbert resigned as a trustee, and in March 2026 Karen Newman was elected to serve until 31[st] May 2027.

The key management personnel consist of the Trustees and the senior management personnel. The senior management personnel, to whom the charity delegates day-to-day management, are and were:

Michael Wegier Chief Executive Andrew Leigh Director of Operations Toby Greene Director of Public Affairs and Communications (from May 2025) Liat Rosenthal Director of Culture, Education and Communities (from September 2025) Daniel Sugarman Director of Public Affairs (until April 2025) Dawn Waterman Director of Communities and Education (until September 2025)

Other organisations providing professional advice to the charity include: Auditors: Crowe U.K. LLP, Black Country House, Rounds Green Road, Oldbury, West Midlands, B69 2DG 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

The Board of Deputies Charitable Foundation (“the Charity”) is a registered UK charity (no. 1058107) and a company limited by guarantee (registration no. 3239086). The company was incorporated on 19 August 1996. The governing document of the company is the Memorandum and Articles of Association.

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 2025 there were 281 Deputies and 24 under-35 observers (2024: 268 Deputies and 31 observers). In May 2026 there were 304 Deputies and 30 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 are ex officio the Trustees and Directors of the Charity. 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 trustees follow 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 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 Charity and its related parties

The entities listed below share Trustees or Directors in common with the Board of Deputies Charitable Foundation, and are included in these consolidated accounts as set out in Note 1.3 to the financial statements, below.

BOARD OF DEPUTIES CHARITABLE FOUNDATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The Board of Deputies of British Jews Limited

The Board of Deputies of British Jews Limited is a small company which receives Representation Fees from member organisations, processes some deputy expenses and performs various grassroots and political advocacy activities. The Charity charged a management fee of £57,132 (2024: £44,982) in respect of staff time and overheads provided by the Charity to the Board of Deputies of British Jews Limited.

Board of Deputies Jewish Heritage

Board of Deputies Jewish Heritage was created by a merger in 2022 between the charities BOD Heritage and Jewish Heritage UK . It is a small company with charitable status. Its main purposes are (1) to hold the title deeds of various non-active Jewish cemeteries, which it maintains on behalf of the community, and (2) to undertake various activities of a heritage nature.

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

The trustees monitor activities to ensure adherence to these 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.

Risk Management

The key risks faced by the charity include:

A Risk Working Group meets quarterly to consider risks and provide guidance to the Trustees on mitigating actions.

Volunteers

All Deputies are unpaid volunteer representatives of their communities and organisations. The Board of Deputies works with a number of other volunteers in the delivery of its projects, in particular its education activities and the Yom HaShoah event.

BOARD OF DEPUTIES CHARITABLE FOUNDATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and Performance

The Board of Deputies is the democratic, representative voice of the UK Jewish community. 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. Throughout 2025, and into 2026, the Board has carried out activities under the five priorities set out in our 2024 – 2027 plan entitled, “ A Brighter Future for the UK Jewish Community ”:

Fight Antisemitism

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

BOARD OF DEPUTIES CHARITABLE FOUNDATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

Defend our religious freedoms

Make our community more united, inclusive and outward looking

BOARD OF DEPUTIES CHARITABLE FOUNDATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

Celebrate our faith, heritage and culture as British Jews

Plans for future periods

The Board of Deputies in recent months has been focused on the Jewish community’s response to a widelypublicised spate of antisemitic attacks, including several which have been claimed by an Iranian-linked international terror network. The Board with community partners has engaged extensively with the government, ministries, opposition political parties, the police, and allies in civil society and other faith and ethnic minority groups. Future work in this area will include ongoing advocacy, media appearances and public events.

The first-ever Jewish Culture Month launched in May 2026 with over 150 events, including partnerships with more than 20 major national institutions. This is envisioned as an annual event which will expand in 2027 to include commissioning and showcasing new artistic and cultural projects.

In early 2026 the Board applied for major grants to expand our work in the healthcare and education sectors. If successful we anticipate receiving in excess of £1m to support a five-year work programme to tackle differential outcomes caused by structural barriers, antisemitism and lack of cultural competence.

The Board’s work throughout 2026 and 2027 will continue to follow our 2024 – 2027 plan. Elections for new honorary officers will take place in May 2027, following which a new 3-year plan will be generated.

BOARD OF DEPUTIES CHARITABLE FOUNDATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

FINANCIAL REVIEW

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

The consolidated net surplus for the year was £457,684 (2024: £187,469). The operating surplus in the year prior to unrealised investment gains was £307,103, of which £160,841 was unrestricted and £146,262 restricted (2024: deficit of £51,771, comprising an unrestricted deficit of £52,366 and a restricted surplus of £595).

The consolidated results are presented in the Statement of Financial Activities (p.12) in compliance with the Charities Statement of Recommended Practice (“SORP”). The trustees in the day-to-day running of the organisation rely on management accounts prepared on a non-SORP basis, and with cost classifications which they consider are more useful in understanding and monitoring the organisation’s financial performance. The summary management accounts, and a reconciliation to the SORP presentation, are set out below (in £k):

Core Income
Communal Contribution (cash)
Representation fees
Legacy income allocation
Unrestricted donations/income
Core Expenditure
Activities
Overheads (cash)
Payroll		 709
123
200
453		 Restricted Projects surplus/(deficit)
Jewish Culture Month (net)
Optimistic Alliance (net)
Pikuach (net)
Yom HaShoah (net)
Restricted Funds (net)
Gain on investments (net dilution levy)
Overheads (non-cash)
Surplus per management accounts		 116
39
(35)
26
1,485 146
(276)
(243)
(828)		 151
(72)
363
(1,347) Adjust: comm contrib accrual (15)
Adjust: legacyincome received 110
Core operating surplus 138 Surplusper SORP 458

Fundraising

Fundraising
Source of Income 2025 2024
Communal Contribution 694,220 674,346
Representative Fees 122,801 120,736
Restricted donations and income 336,068 84,272
Unrestricted donations & other income 752,810 439,005
TOTAL 1,905,899 1,318,359

The Board of Deputies’ largest source of income is the voluntary Communal Contribution (“CC”). The CC is requested from members of represented synagogues and is passed to the Board. It is accepted practice to include the CC within synagogues’ request for a donation, totalled with membership and other contributions. When electing a Deputy, a synagogue formally undertakes to request that all of its members pay the CC.

Every synagogue and organisation that belongs to the Board of Deputies is required to contribute a Representation Fee, payable yearly in advance on 1 June. In 2025 the fees were:

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

In addition to the Communal Contribution and the Representation Fees described above, the Board of Deputies raised funds from a number of foundations and individual donors. The Board of Deputies ran an online “crowdfund” in February 2025 which was the only occasion on which funds were sought from the general public in 2025. 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.

BOARD OF DEPUTIES CHARITABLE FOUNDATION

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

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 unrestricted expenditure. Unrestricted expenditure for 2026 is budgeted to be £1,570k.

The Board reserves’ policy was reviewed and updated in 2025, and designated £4m of long-term investments as an Investment Reserve.

Total reserves at 31 December 2025 were £5,471k, of which £181k was restricted, £4,000k a designated investment reserve, and £1,290k unrestricted and undesignated (2024: £5,013k, all unrestricted and undesignated). Unrestricted and undesignated funds are therefore equivalent to 10 months budgeted unrestricted expenditure, consistent with the Board’s reserves policy.

Investment Policy

The Board’s investment strategy and mandate was reviewed in late 2024 with the assistance of our external professional investment advisor, and in early 2025 the portfolio was redistributed across three professional investment management firms. 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 2025, the unrealised gain in the Board’s investments during the year was £254k (+5.7%), and including investment income of £31k the total return was +6.4%, in line with the Board’s target of RPI + 3%. During the year a net £316k was paid into the portfolio, and an anti-dilution levy of £103k was incurred in exiting the old managers.

Information on the financial position of consolidated entities

At 31 December 2025 Board of Deputies of British Jews Limited had reserves of £88,624 (2024: £89,599). Income in the year was £130,516 and expenditure was £131,491.

At 31 December 2025 Board of Deputies Jewish Heritage had reserves of £16,672 (2024: £20,414). Income in the year was £10,000 and expenditure was £13,742.

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.

Signed on behalf of the Trustees on 16 July 2026

P Rosenberg Trustee (President)

B Crowne Trustee (Treasurer)

BOARD OF DEPUTIES CHARITABLE FOUNDATION

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

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 AS AT 31 DECEMBER 2025

Opinion

We have audited the financial statements of The Board of Deputies Charitable Foundation ‘the charitable company’ for the year ended 31 December 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Company Balance Sheets, the Consolidated Statement of Cashflows 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 charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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

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

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual 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

INDEPENDENT AUDITORS REPORT TO THE MEMBERS AS AT 31 DECEMBER 2025

BOARD OF DEPUTIES CHARITABLE FOUNDATION

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or 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 8, 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 non-compliance 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

INDEPENDENT AUDITORS REPORT TO THE MEMBERS AS AT 31 DECEMBER 2025

BOARD OF DEPUTIES CHARITABLE FOUNDATION

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 operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, including financial reporting legislation and the Charities SORP (FRS 102). 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 necessary to the charitable company’s ability to operate or to avoid a material penalty. Auditing standards limit the required audit procedures to identify noncompliance with these laws and regulations to enquiry of the trustees and other management and inspection of regulatory and legal correspondence, if any.

We also considered the opportunities and incentives that may exist within the charitable company for fraud. 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 contributions income and override of management controls. 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 noncompliance 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.

Helen Blundell LLB FCA FCIE DChA

Senior Statutory Auditor

For and on behalf of

Crowe U.K. LLP

Statutory Auditor Black Country House Rounds Green Road Oldbury West Midlands B69 2DG

Date: 1 August 2026

BOARD OF DEPUTIES CHARITABLE FOUNDATION

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES AS AT 31 DECEMBER 2025

Note
Income from:
Donations
3,23
Legacies
3
Other trading activities
4
Charitable activities
5,23
Investment income
6
Total income
Expenditure on:
Cost of generating funds:
Costs of generating donations and gifts
7
Expenditure on charitable activities:
Service of the Jewish Community
7, 23
Education of Jews and non-Jews
7,23
Research into Jewish Communities
7,23
Security, Interfaith and good citizenship
7,23
Total expenditure
Net income/(expenditure) before
transfers and investment gains
Net gains/(losses) on investments
16
Transfer between funds
23
Net income/(expenditure) and net
movement in funds for the year
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
24		 Unrestricted
funds
Restricted
funds
Total
funds
2025
Total
funds
2024
£
£
£
£
1,080,704
165,000
1,245,704
787,301
310,000
-
310,000
270,000
122,801
-
122,801
121,537
29,912
171,068
200,980
94,552
26,414
-
26,414
44,969
1,569,831
336,068
1,905,899
1,318,359
53,511
-
53,511
25,651
915,506
119,849
1,035,355
1,071,570
104,489
59,123
163,612
176,407
61,552
10,000
71,552
14,744
273,932
834
274,766
81,758
1,355,479
189,806
1,545,285
1,344,479
1,408,990
189,806
1,598,796
1,370,130
160,841
146,262
307,103
(51,771)
150,581
-
150,581
239,240
(34,585)
34,585
-
-
276,837
180,847
457,684
187,469
5,012,914
- 5,012,914
4,825,445
5,289,751
180,847
5,470,598
5,012,914

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 15 to 24 form part of these accounts.

BOARD OF DEPUTIES CHARITABLE FOUNDATION

CONSOLIDATED AND CHARITY BALANCE SHEETS AS AT 31 DECEMBER 2025

Note
Fixed assets:
Tangible assets
17
Investments
18
Current assets:
Debtors
20
Cash at bank and in hand
Total Current assets
Liabilities:
Creditors: Amounts falling due within one year
21
Net current assets
Total assets less current liabilities
Total net assets
The funds of the Charity:
Restricted income funds
23
Designated funds
23
Unrestricted funds
Total funds
24		 Group
Charity
2025
2024
2025
2024
£
£
£
£
65,571
57,802
65,571
57,802
4,753,834
4,287,414
4,753,834
4,287,414
4,819,405
4,345,216
4,819,405
4,345,216
407,566
474,848
515,583
518,499
423,561
357,028
153,565
150,494
831,127
831,876
669,148
668,993
(179,934)
(164,178)
(123,250)
(111,309)
651,193
667,698
545,898
557,684
5,470,598
5,012,914
5,365,303
4,902,900
5,470,598
5,012,914
5,365,303
4,902,900
180,847
-
180,847
-
4,000,000
-
4,000,000
-
1,289,751
5,012,914
1,184,456
4,902,900
5,470,598
5,012,914
5,365,303
4,902,900

The net income of the Charity was £170,891 (2024: £163,835).

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 15 to 24 form part of these accounts.

Approved by the Board of Trustees on 16 July 2026

P Rosenberg Trustee (President)

B Crowne Trustee (Treasurer)

BOARD OF DEPUTIES CHARITABLE FOUNDATION

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025

Note
Cash flows from operating activities:
Net cash provided/(used) by operating
activities
26
Cash flows from investing activities:
Investment income
Net (transfer to)/drawdown from investments
Purchase of tangible fixed assets
Net cash provided by investing activities
Change in cash in the reporting period
Cash at the beginning of the reporting period
Cash at the end of the reporting period		 2025
2024
£
£
378,378
(335,458)
26,414
44,969
(315,839)
292,612
(22,420)
(66,694)
(311,845)
270,887
66,533
(64,571)
357,028
421,599
423,561
357,028

NOTES TO THE FINANCIAL STATEMENTS

BOARD OF DEPUTIES CHARITABLE FOUNDATION

FOR THE YEAR ENDED 31 DECEMBER 2025

Accounting Policies

1.1 Basis of preparation

The accounts are prepared in line 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 2024.

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 there are no material uncertainties about the Charity’s ability to continue as a going concern having regard to the level of reserves.

1.3 Basis of consolidation

The Honorary Officers of the Board of Deputies of British Jews are ex officio the trustees of the Charity and the directors of the Board of Deputies of British Jews Limited (company number 06781106), a not-for-profit company that carries out non-charitable activities on behalf of the Board of Deputies. Additionally, the Charity appoints three of the five trustees of Board of Deputies Jewish Heritage (charity number 1133181, company number 06720581), which has related objects.

The financial statements therefore consolidate the results of the Charity, Board of Deputies Jewish Heritage and the Board of Deputies of British Jews Limited on the basis of common control. These entities 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 as the Charity has taken advantage of the exemption in 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 contribution comprises amounts donated by members of synagogues and other organisations, which are collected centrally before being remitted to the charity. These are accounted for on an accruals basis based on an estimate of when funds were initially donated by individuals.

Grants, including government grants, are recognised on the performance model, when the charity has complied with any conditions attaching to the grant, or part thereof, and the grant has been received or a schedule of payments agreed.

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 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.

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.

BOARD OF DEPUTIES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

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. 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.

Costs of raising funds comprise those costs associated with attracting voluntary income, for making grant applications, and for other fundraising purposes. 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.

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 and fittings 20% straight line Computer equipment 33% straight line

Expenditure on property, plant and equipment with a value in excess of £400 have been capitalised (2024: in excess of £1,000). Items below £400 are generally expensed as incurred; however, management applies judgement to capitalise certain lower-value items where appropriate. Fixed assets are inspected regularly for any impairment, and either the defect remedied to maintain current value, or an impairment in value is recognised.

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.

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 can be measured or estimated reliably. Creditors and provisions are recognised at settlement amount after allowing for discounts due.

1.12 Financial instruments

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

1.13 Pensions

For defined-contribution schemes, the amount charged to the SoFA in respect of pension costs and other post-

NOTES TO THE FINANCIAL STATEMENTS

BOARD OF DEPUTIES CHARITABLE FOUNDATION

FOR THE YEAR ENDED 31 DECEMBER 2025

retirement 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

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

1.15 Fund accounting

The Charity maintains various types of funds. Transfers are made as permitted by the nature of the funds:

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 consider that the only judgements or estimates that would be considered material to the financial statements relate to the recognition of (a) the communal contribution and (b) legacies, as set out in Note 1.4.

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.

3 Income from donations, gifts and legacies

Communal contribution
Donations and gifts
Legacies		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2025
2025
2025
2024
694,220
-
694,220
674,346
386,484
165,000
551,484
112,955
1,080,704
165,000
1,245,704
787,301
310,000
-
310,000
270,000

As at 31 December 2025, the charity had been notified of two estates for which they would receive a residual legacy (2024: two). These have estimated value after interim distributions of £40,000 (2024: £350,000). As per Note 1.4 no accrual has been made due to uncertainties around the quantum and the timing of receipts.

4 Other trading activities

Representation fees
Other		 Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2025
2025
2025
2024
122,801
-
122,801
120,736
-
-
-
801
122,801
-
122,801
121,537

BOARD OF DEPUTIES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5 Income from charitable activities

ncome from charitable activities
Exhibitions, books and tours
Yom HaShoah
Pikuach
Other activities		 Unrestricted
funds
Restricted funds
Total
funds
2025
Total
funds
2024
2,876
-
2,876
7,580
-
145,468
145,468
55,644
-
15,600
15,600
28,628
27,036
10,000
37,036
2,700
29,912
171,068
200,980
94,552

6 Investment income

Investment income
Interest receivable
Income from investments		 2025
2024
7,900
6,048
18,514
38,921
26,414
44,969

All investment income was unrestricted in both years.

7 Analysis of expenditure (2025)

Staff costs
Depreciation
Rent and rates
Travel and subsistence
Pikuach
Promotion and events
Yom HaShoah
Legal & Professional
Governance costs
Other costs		 Fundraising
and
promotion
Services to
the Jewish
Community
Education
Research
Security,
Interfaith
and good
citizenship
Total
2025
23,968
543,306
67,579
51,870
166,812
853,535
417
9,457
1,176
697
2,904
14,651
1,888
42,794
5,323
3,154
13,139
66,298
3,585
33,473
6,987
30
20,891
64,966
-
-
50,185
-
-
50,185
2,194
49,730
15,124
4,941
15,269
87,258
-
119,849
-
-
-
119,849
15,345
56,649
-
-
13,200
85,194
-
41,368
-
-
-
41,368
6,114
138,729
17,238
10,860
42,551
215,492
53,511
1,035,355
163,612
71,552
274,766
1,598,796

Analysis of expenditure (2024)

Staff costs
Depreciation
Rent and rates
Travel and subsistence
Pikuach
Promotion and events
Yom HaShoah
Legal & Professional
Governance costs-staff
Governance costs-other
Other costs		 Fundraising
and
promotion
Services to
the Jewish
Community
Educati
on
Research
Security,
Interfaith
and good
citizenship
Total
2024
20,971
600,224
103,735
13,451
55,953
794,334
-
8,892
-
-
-
8,892
-
43,200
-
-
-
43,200
-
35,840
2,225
47
9,665
47,777
-
-
62,842
-
-
62,842
-
85,320
2,968
-
3,778
92,066
-
55,049
-
-
-
55,049
4,400
35,039
1,746
-
7,700
48,885
-
9,885
-
-
105
9,990
-
28,946
-
-
-
28,946
280
169,175
2,891
1,246
4,557
178,149
25,651
1,071,570
176,407
14,744
81,758
1,370,130

BOARD OF DEPUTIES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7. Analysis of expenditure (cont.)
Other costs comprise:
Bank interest and charges
Subscriptions and membership fees
Insurance
Telephone
Photography
Printing, postage and stationery
Computer costs
Sponsorship and Partnerships
Grassroots advocacy expenses
Training and Development
Sundry expenses
Room and storage rental
Office costs		 Total 2025
Total 2024
1,181
1,778
19,444
22,953
19,002
16,702
7,010
6,239
-
1,605
6,177
4,630
41,708
44,723
28,075
-
-
1,869
2,123
334
25,540
20,752
3,350
6,860
61,882
49,704
215,492
178,149

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
Legal costs
Audit and accounting fees
9
Net (expenditure)/ income for the year
This is stated after charging:
Fees payable to the charity’s auditor for the audit of the annual accounts
Fees payable to the charity’s auditor for other services:
Accountant’s report on projects/other entities
Other advisory services
Depreciation
Operating lease costs		 2025
2024
-
9,990
5,888
-
35,480
28,946
41,368
38,936
2025
2024
31,500
28,946
900
1,800
1,056
1,200
14,651
8,892
57,600
43,200

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

Wages and salaries
Social security costs
Pension costs		 2025
2024
767,350
726,995
84,648
72,244
29,486
30,641
881,484
829,880

The numbers of employees having benefits in excess of £60,000 or more were:

2025 2024
Number Number
£60,000 to £69,999 0 1
£70,000 to £79,999 1 1
£120,000 to £129,999 0 1
£130,000 to £139,999 1 0

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

BOARD OF DEPUTIES CHARITABLE FOUNDATION

10. Analysis of staff costs, trustee remuneration, and the cost of key management personnel (cont.)

Contributions totalling £12,630 (2024: £12,400) 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 Operations, Communities & Education and Public Affairs (and Finance until July 2024).

Total benefits received by the senior management team in the year amounted to £375,171 (2024: £372,544). No trustee received any remuneration during the year (2024: £nil).

11 Staff Numbers

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

2025 2024
Number Number
Charitable activities 17 16

At 31 December 2025 the Charity had 14 full-time and 4 part-time staff (2024: 13 full-time and 3 part-time).

12 Pension and other post-retirement benefit commitments

2025 2024
Contributions payable by the group and charity for the year 29,846 30,641

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

13 Trustees

No trustees (or any persons connected with them) received any remuneration during the year (2024: £Nil). Trustees were reimbursed for travel, accommodation, subsistence and security costs totalling £35,914 (2024: £23,785).

Donations from trustees and their related parties during the year were £5,085 (2024: £566).

14 Related parties

In 2025 the Charity incurred £16,003 of costs on behalf of the London Jewish Forum (“LJF”), of which £15,000 was expensed as a grant in the year, and £1,003 was due to the Charity at the year-end. LJF also received a donation-in-kind of office use, valued at £5,000. Two trustees of the Charity, and a related party of a trustee, were trustees of LJF in the year.

The Communal Contribution of £35/head is initially collected from individual donors by their local communities and is paid through to the Board in bulk. In 2025 receipts totalling £21,554 were received from two charities whose trustees include individuals who are related parties to the Charity’s trustees.

Related entities and transactions between BoD entities are set out in the Trustees’ Report on p.2.

15 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 such charges arose in the Charity in 2024 or 2025. Corporation tax paid by the Board of Deputies of British Jews Limited was £Nil (2024 £Nil).

16 Net gains/(losses) on investments

Net revaluation of investments
Less: anti-dilution levy on exiting investments
Net gain on investments		 2025
2024
254,004
246,629
(103,423)
(7,389)
150,581
239,240

BOARD OF DEPUTIES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

17 Tangible fixed assets

Group and Charity
Cost:
As at 1 January 2025
Additions
Disposal/Write-off
Cost as at 31 December 2025
Depreciation:
As at 1 January 2025
Charge for year
Disposals/Write-off
As at 31 December 2025
Net book value
As at 31 December 2025
As at 31 December 2024
18
Fixed asset investments
Group & Charity
As at 1 January
Net gains on investments
Net cash transfer to/(drawdown from) investments
As 31 December
Comprising:
Fixed interest securities & equity shares
Cash deposit funds		 Fixtures
& Fittings
Computer
Equipment
Total
66,694
-
66,694
12,039
10,381
22,420
-
-
-		 Fixtures
& Fittings
Computer
Equipment
Total
66,694
-
66,694
12,039
10,381
22,420
-
-
-
78,733
10,381
89,114
8,892
-
8,892
14,651
-
14,651
-
-
-
23,543
-
23,543
55,190
10,381
65,571
57,802
-
57,802
2025
2024
4,287,414
4,340,785
150,581
239,240
315,839
(292,611)
4,753,834
4,287,414
4,727,510
3,952,777
26,324
388,008
4,753,834
4,340,785

19 Entities under common control

The Charity also controls the following other entities as all Trustees are ex officio directors and members of Board of Deputies of British Jews Limited, and three (being a majority) are ex officio directors and members of Board of Deputies Jewish Heritage . Their registered office is the same as the Charity.

Controlled entity Nature of entity Status
Board of Deputies of British Jews Limited UK Company limited by guarantee Not for profit company
Board of Deputies Jewish Heritage UK Company limited by guarantee Registered charity

Board of Deputies of British Jews Limited was charged £57,132 (2024: £44,982) by the Charity 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:

Controlled company Principal activity Total Net Reserves at 31
incoming (outgoing) December
resources resources 2025
Board of Deputies of Support of Jewish representation 130,516 (975) 88,624
British Jews Limited
Board of Deputies Protection of Jewish cemeteries and other 10,000 (3,742) 16,672
Jewish Heritage heritage related activities

BOARD OF DEPUTIES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

20 Debtors

Trade debtors
Other debtors
Prepayments and accrued income
Amounts owed by group undertakings		 Group
Charity
2025
2024
2025
2024
1,136
4,103
21
2,400
900
775
900
775
405,530
469,970
405,530
469,970

-
- 109,132
45,354
407,566
474,848
515,583
518,499

Prepayments include prepaid rent, of which £129,600 relates to future occupancy beyond one year (see Note 25, below)

21 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
Amounts owing to group undertakings		 Group
Charity
2025
2024
2025
2024
36,656
41,347
33,876
41,347
26,089
19,875
26,088
19,875
5,811
8,259
5,811
8,259
111,378
94,697
57,475
41,828

-
-
-
-
179,934
164,178
123,250
111,309

Deferred income relates to representation fees income in Board of Deputies of British Jews Limited. This is generally billed for the period June to May and is non-conterminous with the Charity’s financial year.

Deferred Income
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
2025
2024
2025
2024
52,689
50,043
-
-
(52,689)
(50,043)
-
-
53,903
52,689
-
-
53,903
52,689
-
-

22 Board of Deputies Charitable Foundation

Unconsolidated figures for the Board of Deputies Charitable Foundation are:

Total incoming resources
Total resources expended
Net gains on investments
Surplus for the year		 2025
2024
1,827,516
1,258,134
(1,807,206)
(1,333,539)
150,581
239,240
170,891
163,835

23 Analysis of restricted and designated funds

Group and charity restricted funds (2025)

BoD Heritage
Jewish Culture Month
Optimistic Alliance
Pikuach
Yom HaShoah
Total restricted funds		 Balance at
1 January
2025
Incoming
resources
Resources
expended
Transfer
between
funds
Funds at 31
December
2025
-
10,000
(10,000)
-
-
n/a (new)
125,000
(8,938)
-
116,062
n/a (new)
40,000
(834)
-
39,166
-
15,600
(50,185)
34,585
-
-
145,468
(119,849)
-
25,619
-
336,068
(189,806)
34,585
180,847

BOARD OF DEPUTIES CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

23 Analysis of restricted and designated funds (cont.)

Group and charity designated fund (2025)

Balance at Incoming Resources Transfer Funds at 31
1 January resources expended between funds December
2025 2025
Investment Reserve -
-		 - 4,000,000 4,000,000

BoD Heritage relates to Board of Deputies Jewish Heritage funds, restricted to their charitable purposes.

Jewish Culture Month funds relate to the Jewish Culture Month project, and associated activities including the Jewish Learning Experience Exhibition

Optimistic Alliance funds are used on the charity’s Jewish-Muslim dialogue and events programme. Income in the year includes £20,000 from The National Lottery Community Fund.

Pikuach funds are used on the charity’s Jewish Studies inspectorate service (unrestricted in previous years). The deficit incurred on this project in the year was met via a transfer from unrestricted funds.

Yom HaShoah funds are used for commemoration of the Holocaust, including an annual national event.

The Investment Reserve was designated by the Trustees in the year to ring-fence the charity’s long-term investment portfolio and differentiate it from funds held for the short-term as investments until required.

Group and charity restricted funds (2024)

Balance at Incoming Resources Transfer Funds at 31
1 January resources
expended		 between December
2024 funds 2024
Yom HaShoah - 55,644
(55,049)		 (595) -
nalysis of net assets between funds
Fund balances at 31 December 2025 are represented by:
Unrestricted Restricted Total Funds
Funds Funds
Tangible fixed assets 65,571 - 65,571
Current assets 5,404,114 180,847 5,584,961
Creditors of less than one year (179,934) - (179,934)
Total 5,289,751 180,847 5,470,598
Fund balances at 31 December 2024 are represented by:
Total Funds
(all unrestricted)
Tangible fixed assets 57,802
Current assets 5,119,290
Creditors of less than one year (164,178)
Total (all unrestricted) 5,012,914
ommitments made under operating leases for land and buildings
2025
2024
Due within one year 57,600
57,600
Due after one but before five years 129,600
187,200

24 Analysis of net assets between funds

25 Commitments made under operating leases for land and buildings

BOARD OF DEPUTIES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

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

Net movement in funds
Add back: depreciation charge
(Gain)/loss on investments
Deduct interest and dividends from investing activities
(Increase)/Decrease in debtors
Increase/(Decrease) in creditors
Net cash (used)/provided by operating activities
27
Consolidated Statement of Financial Activities
for the year ended 31 December 2024
Income from:
Donations
Legacy
Other trading activities
Charitable activities
Investment income
Total income
Expenditure on:
Cost of generating funds
Costs of generating donations and gifts
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/(losses) on investments
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		 2025
2024
457,684
187,468
14,651
8,892
(150,581)
(239,240)
(26,414)
(44,969)
67,282
(215,525)
15,756
(32,084)
378,378
(335,458)
Unrestricted
funds
Restricted
funds
Total
funds
2024
787,301
-
787,301
270,000
-
270,000
121,537
-
121,537
38,908
55,644
94,552
44,969
-
44,969		 2025
2024
457,684
187,468
14,651
8,892
(150,581)
(239,240)
(26,414)
(44,969)
67,282
(215,525)
15,756
(32,084)
378,378
(335,458)
1,262,715
55,644
1,318,359
25,651
-
25,651
1,016,521
55,049
1,071,570
176,407
-
176,407
14,744
-
14,744
81,758
-
81,758
1,315,081
55,049
1,370,130
(52,366)
595
(51,771)
239,240
-
239,240
595
(595)
-
187,469
-
187,469
4,825,445
-
4,825,445
5,012,914
-
5,012,914