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2025-09-30-accounts

UNITED JEWISH ISRAEL APPEAL (A company limited by guarantee)

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30[th ] September 2025

LIVE THE HISTORY. CREATE THE FUTURE.

Registered Charity (England & Wales): No. 1060078 Registered Charity (Scotland): No. SC 039181 A company limited by guarantee and registered in England: 3295115

Buzzacott Audit LLP Chartered Accountants, 130 Wood Street, London EC2V 6DL

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ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

UJIA

CONTENTS

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Report of the Trustees 3
Consolidated Statement of Financial Activities 16
Consolidated Balance Sheet 17
Company Balance Sheet 18
Consolidated Cash Flow Statement 19
Notes to the Financial Statements 20
Independent Auditors’ Report 37
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ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

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REPORT OF THE TRUSTEES

UNITED JEWISH ISRAEL APPEAL (“UJIA”) – VISION AND MISSION

UJIA is dedicated to inspiring young Jewish people in the UK to forge their own personal relationship with Israel – with its past, present and future. We do this so that they will have a strong sense of belonging to the Jewish people.

Israel is a core part of the identity – whether cultural, religious or ethnic – of most British Jews. UJIA aims to inspire young Jews through experiences that build a connection to the people, history and culture of Israel. UJIA is also committed to improving the lives of all Israeli citizens, especially those who have been affected by war or who are disadvantaged.

UJIA’s strategic focus is therefore on empowering young people in the informal education sector, facilitating and creating meaningful educational experiences in Israel, and deepening the connection between the UK Jewish community and Israel. UJIA works across the political, religious, geographic and cultural spectrum of the UK Jewish community, creating cross-communal environments for engagement.

UJIA – STRATEGY

UJIA’s 2024–2026 strategy is a two-year rolling plan. It replaces a fixed multi-year strategy so that UJIA can respond more quickly to changing needs in the UK and Israel. The strategy focuses on two connected areas of work:

  1. Supporting young Jews in the UK to build a personal, informed and lasting connection with Israel

  2. Supporting recovery and rebuilding in Israel following October 7th

UJIA’s programme delivery is organised around four pillars:

The first three pillars focus on young people in the UK. They include Israel education, Israel experiences, educator development, participant support, and follow-up after programmes. This work is delivered directly by UJIA and through partners including the youth movements and UJS.

Educational experiences in Israel remain a central part of UJIA’s work. Despite difficult conditions, UJIA continued to deliver Israel Tour and other programmes, adapting them to protect safety, quality and accessibility. UJIA also strengthened support for educators and participants and developed clearer pathways for young people to stay engaged after taking part in programmes.

ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

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The fourth pillar, Responding in Israel, reflects UJIA’s work in response to the attacks of October 7th and the continuing effects of the war. This began as emergency support and has developed into a longerterm commitment to recovery and rebuilding, particularly in heavily affected border communities.

Under this pillar, UJIA has focused support on trauma care, education, financial resilience, basic needs, and the restoration of communal life. The strategy also allows UJIA to respond to urgent and unpredictable needs as they arise.

The war has also affected how young people in the UK engage with Israel. Many still want meaningful connection, but public debate around Israel has become more polarised and difficult. In response, UJIA is placing greater emphasis on nuanced education, different routes into engagement, and sustained connection over time.

Taken together, the four pillars give UJIA a practical framework for its work in 2024–2026: helping young Jews in the UK engage with Israel through education, experiences and follow-up, while also supporting Israeli communities as they recover and rebuild.

VOLUNTEERS AND STAFF

UJIA’s work is made possible by the unwavering support of more than 200 volunteers in the UK and Israel. Their dedication has been instrumental to our impact and growth, and the Trustees are deeply grateful for their tireless efforts in advancing our mission.

Our volunteers are the lifeblood of the organisation, bringing skills, passion and perspective to all that we do. Whether serving on lay committees, travelling to Israel to support those in need, or organising events that raise vital emergency funds, their impact is immense and far reaching.

The Trustees also extend their sincere thanks to UJIA’s professional staff, whose expertise and commitment are central to our success. Together, staff and volunteers form a cohesive and powerful team, demonstrating what can be achieved through collaboration, shared purpose and mutual support.

PRINCIPAL OBJECTIVES AND ACTIVITIES OF UJIA

The objects of UJIA as defined in its Articles of Association are for the public benefit.

The Trustees have had due regard to the Charity Commission’s guidance on public benefit when considering the Charity’s objectives and activities.

UJIA ISRAEL

UJIA Israel, formerly the British Olim Society Charitable Trust, is a charity registered in Israel. It provides UJIA with services, such as due diligence on projects undertaken in Israel, under a formal agreement.

Historically, UJIA Israel directly received substantial donations to undertake a series of capital and programme-based projects. These projects, many co-funded by UJIA UK, sought to improve outcomes for youth at risk, improve access to education in peripheral communities and to provide employment and education for vulnerable populations around Israel. As of the end of this reporting period, most of the capital projects funded through UJIA Israel were completed, with final projects wrapping up in the coming year ahead.

ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

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S T R A T E G I C R E P O R T

ACHIEVEMENTS, PERFORMANCE AND FUTURE PLANS

Financial Overview of the Group:

Total income in 2025 was £12.5 million compared with £12.8 million in 2024. This remains higher than the pre-war period, due to continued support for the emergency recovery campaign (restricted) and a very significant legacy received in the year (held in an unrestricted but designated fund).

Total expenditure in 2025 was £10.8 million compared with £11.3 million in 2024 The increase in cost of raising funds to £1.9m in 2025 from £1.6m in 2024 reflects the reporting of annual dinner spend for two campaign years instead of one with the income from the second annual dinner mainly receivable in 2026 year-end. Year on year costs related to charitable expenditure reflects the nature of the spend in Israel slowing down for emergency funding but increasing for UK programming especially in relation to Israel Experiences.

The increase in total net assets on the balance sheet from £9.2m in 2024 to £11m in 2025, is mainly driven by the new designated fund created from the significant legacy received in the year, of £3.1m. This legacy was received as unrestricted but later designated by Trustees to support a 4-year enhancement programme both in the UK and in Israel.

UJIA completed a successful first year of its 2024–2026 strategy, demonstrating both agility in crisis and capacity for sustained growth and impact. Fundraising showed growth across all levels, successfully transitioning emergency donors into long-term supporters. Programmes were expanded and strengthened for youth empowerment, Israel experiences, and leadership pipelines. Israel Response work balanced immediate emergency action with long-term recovery strategy.

UK PROGRAMME

UJIA continued to deliver high quality, balanced Israel engagement, education and experiences, developing leaders with a personal relationship with Israel, strong sense of responsibility to the Jewish People and commitment to an inclusive Jewish community.

Experiencing Israel Pillar

Immersive Israel experiences remain central to our work, supporting young people to engage with Israel, Jewish identity and leadership. In 2024–25, programmes carried heightened significance and complexity due to the aftermath of October 7th and the evolving regional conflict. UJIA undertook detailed risk analysis and worked closely with UK and Israel partners to adapt delivery while prioritising participant safety and educational quality.

Masa Programmes

458 young British adults (2024: 321) participated in long term Masa programmes. During the June escalation with Iran, UJIA and Masa coordinated closely to ensure safety and support repatriation where required. We also launched the Gap Year Scholarship Programme, supporting 12 outstanding young leaders to participate in a gap year programme including dedicated leadership coaching and significant financial assistance.

Onward Programmes

Through expanded partnerships, including with the Forum for Jewish Leadership (FJL), 54 participants took part in Sachlav and FJL Onward programmes. While conflict-related disruption led to cancellations and relocations, some participants were able to resume programmes in Israel or continue internships virtually.

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UJIA ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

Birthright Volunteering

UJIA supported 355 Birthright volunteers contributing the equivalent of 516 weeks of agricultural volunteering in Israel.

Israel Tour

Despite significant uncertainty, UJIA successfully enabled Israel Tour to proceed in Summer 2025. We trained 49 madrichim (leaders), with enhanced security and mental health provision, and delivered crisis management training for staff. After the summer, the madrichim were recognised as the “Jewish Volunteering Network’s” Volunteer Team of the Year.

Working closely with youth movements, parents and trustees, UJIA provided clear guidance, contingency planning and financial protections. Following disruption caused by the Iran conflict, participant retention stood at 93% of those initially registered.

In total, 767 young people participated across 20 groups, supported by more than £210,000 in bursaries, loans and Mosaic engagement subsidies. The launch of Mosaic subsidies improved accessibility and strengthened peer engagement with Israeli teens.

Empowering Jewish Youth and Deepening Israel Connections Pillars

UJIA expanded educational support for youth movements, student leaders and educators, including curated resources around October 7th, Israel briefings during the conflict, and education days for movements and UJS.

Leadership Development

Over 120 leaders participated in the Kenes seminar, focused on Jewish Peoplehood, and the Chazon programme continued to support sabbatical workers through seminars and year round learning.

Security and Welfare

In partnership with CST, we strengthened security planning and training across youth movements, supporting safer camps and leadership pipelines.

Grants and Partnerships

UJIA deepened its partnership with the Shalom Hartman Institute, with 172 participants engaging in online learning and multiple in person education days for leaders and mission groups.

Grant making remains central to strengthening Israel engagement, Jewish education and leadership development in the UK. UJIA provides core funding to youth movements and UJS, which includes supporting over 4,000 young people at summer camps in 2025 and 9,000 students on campus.

Our partnership with the Jewish Agency supports Shlichim (educators from Israel), and ten Shinshinim (Israeli 18-year-olds on a gap year) based across the UK, enhancing Israel education in schools, synagogues, universities and youth movements. These investments reflect UJIA’s focus on proven impact, strong partnerships and long term communal value.

ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

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ISRAEL PROGRAMME

UJIA works with some of Israel’s most disadvantaged communities, focusing on long term resilience rather than short term relief. By providing skills, education and resources, we aim to break cycles of poverty and strengthen communities in Israel’s social and geographic periphery. In this period, Trustees agreed to continue this work at a more focused scale, with increased emphasis on our revolving Social Impact Fund to maximise sustainable impact.

Response to October 7th

Following the Hamas attacks on October 7th 2023, UJIA launched an emergency campaign within 24 hours. While our long term strategy remained unchanged, urgent humanitarian need required immediate action and led to the addition of a fourth strategic pillar:

Responding in Israel Pillar

A volunteer Emergency Allocations Committee met regularly to assess and challenge proposals, supporting over 90 projects during 2024–25 across five areas:

As communities began returning home, funding shifted towards recovery and rebuilding, particularly in the northern and southern border regions. Grants were delivered primarily through trusted partners to ensure speed, accountability and impact. The second phase of fundraising for reconstruction has been successful, with funds released in line with rebuild milestones.

Core Israel Programme

Alongside emergency response, UJIA continued its core work focusing on Children and Youth at Risk and Social Mobility.

UJIA continued support for Carmiel Children’s Village, providing academic support, enrichment activities, vocational training and infrastructure improvements, including a new training kitchen and the renovation of family homes. Support also continued for Nirim Youth Village, funding its intensive wilderness therapy programme for youth at extreme risk.

UJIA concluded its final year of funding Tech Career Boot Camps for Ethiopian Israelis transitioning into the technology sector, while maintaining commitment to the development of its new training campus, due for completion in 2026.

Si3 Impact Fund

Si3, UJIA’s social impact investment fund, addresses socio-economic inequality through recyclable investments in education, employment and community development. Each investment is repaid and reinvested, creating an evergreen fund.

By the end of 2024–25, Si3 had invested in 28 social enterprises and NGOs, with five repayments during the year. Funds also supported emergency related investments following the war. Deal flow has strengthened and fundraising continues to grow, supported by engagement with corporates (including CVC), foundations and individuals.

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UJIA ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

Capital Projects

Despite wartime disruption, construction of the Western Galilee College Student Village progressed well. While completion was delayed, students moved in during autumn 2024, with a formal opening held in November 2025.

UJIA also committed support to Kibbutz Be’eri, funding the rebuilding of part of its educational complex destroyed in the October 7th attack. This project was the focus of the 2025 Kol Nidre Appeal and June fundraising event. Construction began in late 2025 and is expected to be completed by Q1 2027.

UJIA RISK STATEMENT

The Trustees have undertaken procedures which are in line with best practice for charities. They have undertaken a detailed risk management process, which outlines all the key risks of the Charity, relevant control procedures, responsibilities, and future actions to be taken. Future monitoring of risk is embedded within the overall agreed procedures of the Charity.

The Trustees have established sub-committees. These include the Finance, Governance and Compliance, and the Nominations Committees, whose role includes the identification of the business risks that the organisation faces.

Other risks are identified, assessed and controls established throughout the year. Key controls include:

The Trustees are satisfied that all the major risks to which the Charity is exposed are being reviewed and systems of internal control are being established to manage those risks. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

The major risk to UJIA is having insufficient funds to support the medium- and long-term objectives of its Israel and UK programmes. Safeguarding risks in working with young adults are mitigated through training, processes and strong procedures which are regularly tested both by internal and external expertise. A further risk identified is from potential cyber threats including malicious unauthorised access to data causing reputational damage and loss of income. UJIA have invested in a strong IT security environment and conduct regular training.

MANAGING RISK

UK Programme Budget and Monitoring

Programme budgets are regularly reviewed in dialogue with partners and beneficiaries. UJIA’s grant management system enables close monitoring of spend delivery and impact. Following informal development discussions, partners submit written funding applications aligned with UJIA’s strategic goals. Grants are overseen by professional staff working with Trustees and volunteers, and all awards are approved by senior leadership and Trustees, providing strong accountability for donor funds. Monitoring ensures financial probity, programme delivery and charitable compliance.

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UJIA ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

Israel Programme Budget and Monitoring

While the Israel programme follows similar processes, the scale and urgency of the October 7th emergency response led Trustees to commission an independent impact survey. The review found that UJIA’s lay and professional leadership responded swiftly and effectively, translating urgency into meaningful action. Key factors underpinning this success included:

Together, these elements allowed UJIA to deploy funds at speed while maintaining oversight, balance and impact during an unprecedented crisis.

UJIA continues to hold facilitated discussions between lay and professional leadership in the UK and Israel to ensure high quality, impact driven programming. These discussions draw on data from partner organisations, insights from Israeli experts in trauma, education and social services, and input from affected beneficiaries.

UJIA has also committed to a three-year assessment and learning process to strengthen the integrity and effectiveness of its response to October 7th. This forward looking work aims to support recovery and resilience in Israel while ensuring the UK Jewish community can respond to crises with both solidarity and tangible impact, demonstrating best practice in programme evaluation and institutional learning.

FUNDRAISING APPROACH AND PERFORMANCE

A new Chief Income and Marketing Officer joined in January 2025 to strengthen fundraising capacity and deliver the income strategy. Fundraising performance is reviewed regularly through bi-monthly Finance Committee and Trustee Board meetings. Legacy fundraising is overseen by a dedicated steering group of professionals, Trustees and lay members.

Fundraising activity is delivered through a range of channels, including events, direct mail, telephone, email, sponsored challenges and dinners, all in line with the Fundraising Regulator’s Code of Practice.

Donor engagement remains central to our approach. Several solidarity and fundraising missions took place for Si3 donors, women, Trustees, major donors and young leaders, helping to deepen impact understanding, re-engage supporters and attract new donors. A wide range of events took place during the year, including:

Young UJIA has developed into a structured programme with a new committee, regular events, missions and a growing pipeline of Young Patrons.

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ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

UJIA

UJIA complies fully with data protection and fundraising regulation. Our Data Protection, Legitimate Interest and Consent policies govern supporter communications, supported by a clear website privacy policy. Telephone fundraising complies with the Telephone Preference Service, with callers fully trained and informed.

We maintain a clear complaints process and received no complaints during the year, either directly or via the ICO or Fundraising Regulator.

STRUCTURE, GOVERNANCE & MANAGEMENT

CONSTITUTION

UJIA is a registered Charity in England & Wales (no. 1060078) and in Scotland (SC 039181) and a Company limited by guarantee (no. 3295115) and is governed by its Articles of Association.

The Charity was established on 16 December 1996 and started operations in January 1997 as the Joint Jewish Charitable Trust. It changed its name to UJIA with effect from 26 June 2000.

MEMBERSHIP

The governing body of the Company is a Board of Directors whose members are elected by the Members of the Company. The Articles of Association enable the Board to determine membership criteria and admit new members at their discretion. Each member is entitled to vote at general meetings. Board members are also Trustees of the Charity.

BOARD OF DIRECTORS

The Board of Directors, all of whom are Members of the Charity and are Trustees, is required to conduct the affairs and the general business of the Charity and meets a minimum of six times per year. Under Article 40 of its Articles of Association the Charity is required to have a minimum of three Board members, with no upper limit. Membership of the Board is currently as listed on page 17.

New Trustees are appointed by the Board to ensure the appropriate mix of skills and experience and are then proposed for election by Members at the next general meeting. On appointment, Trustees receive a comprehensive induction, including key Charity Commission guidance, the Charity’s policies, Strategic Plan, Articles of Association, statutory accounts and an outline of their duties, along with a meeting with the Chief Executive. Ongoing training is provided to existing Trustees as required.

The Board delegates day to day management to the Chief Executive and Executive Team. Performance against the Strategic Plan, budget and key performance indicators is reported regularly to the Board by the Executive and Senior Leadership Teams. The Charity is also supported by specialist professional advisers.

Trustees who served during the year and following the year-end, including those whose terms of

ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

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service have ended, and those who have joined the Board:

Steven Noé (Chairman) Simon Wagman (Treasurer) David Pliener KC Nicola Wertheim (resigned 23 January 2026) Brian May (resigned 22 May 2025) Alexi Lewy Nicholas Laitner (resigned 26 March 2026) Gila Sacks Edward Isaacs Hilda Worth (appointed 30 January 2025) Steven Kaye (resigned 30 January 2025) Benjamin Shapiro (appointed 23 January 2026) Naomi Katz MBE (appointed 14 May 2026)

PAY POLICY FOR SENIOR STAFF

The Board considers that the Trustees and the Executive together with the Senior Leadership Team comprise the key management personnel of the Charity in charge of directing and controlling, running and operating the Charity on a day-to-day basis. All Trustees give of their time freely and no Trustee received remuneration in the year. The pay of the senior staff is reviewed annually by the Remuneration Committee in the light of market conditions and comparable sector pay.

INVESTMENT POLICY AND PERFORMANCE

The Charity has wide powers of investment and can delegate these powers to professional investment managers entitled to carry out such business under the Financial Services and Markets Act 2000.

The Charity holds funds for investment mainly in the form of restricted funds for projects awaiting completion and due diligence checks. These funds are held in a liquid format enabling ready access. In addition, the Charity has embarked on a series of social impact investments through loan and equity finance, details of which are shown in note 8.

UJIA GRANT MAKING POLICY

The Charity distributes funds in fulfilment of its aims as expressed in its Mission Statement. Funds are allocated towards a range of educational and welfare projects in Israel that serve the needs of all Israelis, especially those from disadvantaged communities. Funds in the UK are used to support a variety of innovative educational programmes and projects, particularly those oriented towards young people. All grants given are monitored closely and, when material, are subject to written reports and site visits.

CONNECTED CHARITY

The Charity was established to act as a focal point for charities concerned with Jewish education in the United Kingdom and work in saving Jewish life in Israel and the Near & Middle East by providing assistance and support for refugees and new immigrants and making suitable provision for their education and welfare, in accordance with charity law in the UK.

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ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

UJIA

In 1998, the Charity entered into an agreement with a connected charity, the Society of Friends of Jewish Refugees (“SFJR”) (registered charity no: 227889), and the activities and funds were transferred to UJIA, with UJIA becoming sole corporate trustee of SFJR. The transferor charity itself is not a “special trust” of the UJIA; nor is it considered to be a “branch” of the Charity in the absence of any Uniting Direction by the Charity Commission.

SUBSIDIARY COMPANIES

The Charity’s trading company, UJ Events Plus Ltd (Company No: 02194244), made trading losses of £750 (2024: £56,100). The company’s income is mainly derived from advertising and fundraising event income and sponsorship. The movement in income for the year and thus in profits is not a significant factor in measuring the success of the Charity in raising funds.

In the year, the trading company secured £99k of sponsorship income, much of which related to fundraising dinners. £195k of ticket income was received in the year, for a variety of events including Business Breakfasts, Women’s events, Young UJIA events and speaker events.

In order to recoup the 23-24 brought forward loss and return to profit in future years, UJIA will revisit its strategy to publish a once a year business related publication, for which significant advertising income is generated.

JPAIME (an unincorporated charity, registration number: 256689) activities in the year were limited to the receipt and granting to UJIA of legacy income, and accounting for an element of the historical pension scheme.

RESERVES

The Trustees have considered the financial risks associated with the various income streams and expenditure types and wish to hold reserves sufficient to protect the ongoing programmes of the UJIA from unexpected variations in income.

At the balance sheet date, general unrestricted reserves for the group were £4.2m (2024: £3.7m) and £0.8m (2024: £0.4m) for the charity. The Trustees aim to keep combined general unrestricted reserves from UJIA and its connected charities to no less than £3 million.

The Social Impact Investment portfolio, is not included in the target reserve and is held in a mixture of restricted and unrestricted designated funds.

At the balance sheet date, designated reserves for the group and charity were £4.7m (2024: £1.7m) for projects and activities where Trustees have chosen to designate specific funds, and this comprises mainly Social Impact Investments, Fixed Assets and a new significant legacy received in the year. The Social Impact Investments act as an evergreen fund which are recycled over time, and the large legacy received is subject to a four year draw down of deepening programme spend in the UK and Israel.

At the balance sheet date, restricted reserves for the group and charity were £2.1m (2024: £3.9m) for projects and activities where donors have specifically restricted their gifts. This is mainly for projects supported by restricted emergency funds that have been allocated but not yet remitted, as they are for longer term recovery and rebuild projects that will take place in year 3 of the emergency campaign.

ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

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The Trustees and Finance Committee continually review the group finances and have concluded that the Charity was in a position to enhance its programme with a responsible, partial release of funds from within its reserves over the period of the current strategy as needed.

In the opinion of the Trustees, the assets of the Charity are sufficient to meet its liabilities and consequently we have a reasonable expectation that we have adequate resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on the basis that the Charity is a going concern.

EQUAL OPPORTUNITIES POLICY

The Charity is committed to promoting equality, diversity and inclusion, and to eliminating unlawful discrimination. Rooted in Jewish values, we believe every individual deserves dignity, respect and compassion.

We are committed to recognising and valuing difference, addressing inequality and disadvantage, and treating all volunteers, employees and service users fairly and with respect. Equal opportunities are actively promoted through our employment policies and practices, ensuring fair and consistent treatment based on skills, experience, ability and potential.

The Charity seeks to prevent all forms of unlawful discrimination under the Equality Act 2010 and is committed to making reasonable adjustments to avoid disadvantage to individuals with protected characteristics. We make every reasonable effort to support disabled staff, including enabling continued employment, providing training and ensuring equal access to development and progression.

All employees share responsibility for fostering an inclusive, respectful and harmonious working environment. Further details are set out in the Charity’s Equality and Diversity Policy, available on request.

TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also directors for the purposes of English company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions, disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements

ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

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comply with the Charities Act 2011, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the Charity’s constitution. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as each of the Trustees at the date of this report is aware, there is no relevant audit information of which the Charity’s auditor is unaware. Each Trustee has taken all the steps that he/she ought to have taken as a Trustee in order to make himself/herself aware of any relevant audit information and to establish that the Charity’s auditor is aware of that information.

AUDITORS

Buzzacott Audit LLP have indicated their willingness to be appointed as statutory auditor. This report, which incorporates the Strategic Report, was approved by the Board of Trustees

Steven Noé Trustee 18 June 2026

ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

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ANNUAL REPORT AND FINANCIAL STATEMENTS

TRUSTEES:

BANKERS:

Steven Noé (Chairman) Simon Wagman (Treasurer) David Pliener KC Alexi Lewy Gila Sacks Edward Isaacs Hilda Worth Benjamin Shapiro Naomi Katz MBE

Barclays Bank Plc 54 Lombard Street London ECV 9EX

Mizrahi Tefahot Bank Heleni Hamalka Street 9 Jerusalem 9422105 Israel

CHIEF EXECUTIVE:

AUDITORS:

Amanda Winston

SOLICITORS:

Farrer & Co 66 Lincoln’s Inn Fields London WC2A 3LH

Buzzacott Audit LLP Chartered Accountants 130 Wood Street, London, London EC2V 6DL

REGISTERED OFFICE:

4th Floor, Amelie House 221 Golders Green Road London NW11 9DQ

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ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

UJIA

OF FINANCIAL ACTIVITIES

----- Start of picture text -----
INCOME AND EXPENDITURE
Unrestricted Restricted Total Total
INCOME FROM: Notes Funds 2025 Funds 2025 2025 2024
£’000 £’000 £’000 £’000
Voluntary Income
Donations 3,601 4,277 7,878 11,347
Legacy income 3,911 - 3,911 829
Trading income 2 296 - 296 187
Investment Income 435 11 446 441
Total income 8,243 4,288 12,531 12,804
EXPENDITURE ON:
-
Raising Funds 1,867 1,867 1,581
CHARITABLE EXPENDITURE ON 3
ISRAEL PROGRAMMES
- Educational Infrastructure
23 230 253 468
(Capital Projects)
- Education programmes 432 975 1,407 1,765
- Social Welfare & Medical programmes 2 20 22 47
- Employment & Small Business 107 - 107 168
programmes
- Absorption & Victim Support - - - 14
- Response to October 7th - Emergency 159 1,623 1,782 3,657
- Response to October 7th - Recovery 151 1,498 1,649 412
CHARITABLE EXPENDITURE 3
ON UK PROGRAMMES
- Education programmes 1,301 179 1,479 1,227
- Israel Experience 376 943 1,319 864
- Research & Evaluation 61 - 61 74
- Community Education & Awareness 144 636 780 1,015
- Welfare 33 - 33 24
Total expenditure 4,655 6,104 10,759 11,317
NET (EXPENDITURE)/INCOME FOR THE YEAR 3,588 (1,816) 1,772 1,487
Actuarial gains - ZF Pension scheme 17 - - - 743
NET MOVEMENT IN FUNDS 3,588 (1,816) 1,772 2,230
Reconciliation of funds:
Funds brought forward at 1 October 2024 5,352 3,896 9,248 7,018
Funds carried forward at 30 September
8,940 2,080 11,020 9,248
2025
----- End of picture text -----

There are no gains or losses other than as shown above. All activities are continuing. Comparative figures for restricted and unrestricted income and expenditure for the Statement of Financial Activities are shown in note 21

The notes on pages 20 to 36 form part of these financial statements

ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

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Company registration number 3295115 (England and Wales)

CONSOLIDATED BALANCE SHEET

----- Start of picture text -----
Notes 30 Sept 2025 30 Sept 2024
£’000 £’000 £’000 £’000
TANGIBLE FIXED ASSETS 7 129 121
INTANGIBLE FIXED ASSETS 7 61 46
SOCIAL INVESTMENTS 8 1,705 1,497
LONG TERM INVESTMENTS 9 2,300 1,552
CURRENT ASSETS
Debtors 11 683 1,260
Short term Investments 9 2,819 2,509
Cash at Bank and in Hand 6,960 3,580
10,462 7,349
CREDITORS due within one year 12 (3,637) (1,317)
NET CURRENT ASSETS 6,825 6,032
TOTAL ASSETS LESS CURRENT
11,020 9,248
LIABILITIES
TOTAL NET ASSETS 11,020 9,248
REPRESENTED BY
Unrestricted funds
- General 4,238 3,679
- Designated 15 4,702 1,673
8,940 5,352
Restricted funds 13 2,080 3,896
TOTAL CHARITY FUNDS 11,020 9,248
----- End of picture text -----

Approved and authorised for issue by the Trustees on 18 June 2026 and signed on their behalf:

Steven Noé

Simon Wagman

The notes on pages 20 to 36 form part of these financial statements

18

ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

UJIA

Company registration number 3295115 (England and Wales)

CHARITY BALANCE SHEET FOR THE YEAR ENDED 30 SEPTEMBER 2025

----- Start of picture text -----
30 Sept 30 Sept
Notes £’000 2025 £’000 2024
£’000 £’000
TANGIBLE FIXED ASSETS 7 129 121
INTANGIBLE FIXED ASSETS 7 61 46
SOCIAL INVESTMENTS 8 1,705 1,497
LONG TERM INVESTMENTS 9 2,300 1,552
CURRENT ASSETS
Debtors 11 889 1,130
Short term Investments 9 2,819 2,509
Cash at Bank and in Hand 6,812 3,490
10,520 7,129
CREDITORS due within one year 12 (7,106) (4,377)
NET CURRENT ASSETS 3,414 2,752
TOTAL ASSETS LESS CURRENT
7,609 5,968
LIABILITIES
TOTAL NET ASSETS 7,609 5,968
REPRESENTED BY
Unrestricted funds
- General 820 399
- Designated 15 4,709 1,673
5,529 2,072
Restricted funds 13 2,080 3,896
TOTAL CHARITY FUNDS 7,609 5,968
----- End of picture text -----

Approved and authorised for issue by the Trustees on 18 June 2026 and signed on their behalf:

Steven Noé

Simon Wagman

The notes on pages 20 to 36 form part of these financial statements

19

ANNUAL REPORT & CONSOLIDATED FINANCIAL STATEMENTS | FOR THE YEAR ENDED 30th SEPTEMBER 2025

UJIA

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025

----- Start of picture text -----
2025 2024
£’000 £’000
Reconciliation of net expenditure to net cash outflow/inflow from operating activities
Net income/(expenditure) for the reporting period (as per the 1,772 2,230
statement of financial activities)
Depreciation 34 18
Interest received (446) (441)
Decrease in debtors 578 312
Increase/(Decrease) in creditors 2,319 (205)
Decrease in long term liabilities - (556)
Net cash provided by operating activities 4,257 1,358
Cash flow from investing activities
Bank interest received 446 441
Purchase of fixed assets (57) (43)
Movement in short and long-term investments (1,058) (28)
Social Investments movement (208) (23)
Net Cash flows from investing activities (877) 347
Net change in cash and cash equivalents in the period 3,380 1,705
Cash and cash equivalents at the beginning of the period 3,580 1,875
Cash and cash equivalents at the end of the period 6,960 3,580
----- End of picture text -----

----- Start of picture text -----
At 1 October Cash flows £’000 At 30 September
2024 £’000 2025 £’000
Analysis of changes in net debt
Cash 3,580 3,380 6,960
Short-term cash investments 2,509 310 2,819
Long-term cash investments 1,552 748 2,300
Total 7,641 4,438 12,079
----- End of picture text -----

The notes on pages 20 to 36 form part of these financial statements

20

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. ACCOUNTING POLICIES

Accounting Policies for the Charity have also been applied to the Group.

(a) Statement of compliance and Basis of Accounting

The financial statements are prepared under the historical cost convention which is consistent with the prior year. The format of the financial statements has been presented to comply with the Companies Act 2006, Charities Act 2011, FRS102 The Financial Reporting Standard applicable in the UK and Ireland and the Statement of Recommended Practice Accounting and Reporting by Charities (“SORP 2019”). The Charity is a Public Benefit Entity as defined by FRS102.

In the opinion of the Trustees, the activities of the Charity’s trading subsidiary company, UJ Events Plus Ltd and the unincorporated charity, The Jewish Philanthropic Association for Israel and the Middle East (JPAIME) for which it is a Corporate Trustee are considered to be a group and therefore consolidated financial statements have been prepared. The consolidation has been carried out on a line-by-line basis.

(b) Going concern

Having assessed the Charity’s financial position, its plans for the foreseeable future, the Trustees are satisfied that the financial statements have been prepared on a going concern basis. This assessment has been based on the review of budgets and forecasts prepared to cover a period in excess of 12 months from the date the accounts are approved. This assessment has considered the risks and uncertainties faced by the charity.

(c) General information

The Charity is a company limited by guarantee, incorporated in England and Wales (company number: 3295115) and a charity registered in England and Wales (charity number: 1060078) and Scotland (charity number: SC 039181). The Charity’s registered office address is 4th Floor, Amelie House, 221 Golders Green Road, London NW11 9DQ.

(d) Income

Income is included in the Statement of Financial Activities when the charity is legally entitled to the income, receipt is probable, and the amount can be measured reliably.

21

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

(e) Expenditure

Expenditure is recognised as soon as the related liability is incurred and has been classified under headings that aggregate all costs relating to that category.

Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to the expenditure.

Employment benefits, including holiday pay, are recognised in the period in which they are earned. Termination benefits are recognised in the period in which the decision is made and communicated to the relevant employee(s).

Expenditure on raising funds includes direct fundraising and marketing costs.

Expenditure on charitable activities comprises charitable grant giving and programmes implemented by the Charity as set out in note 3 in Israel and the UK.

Restricted fund expenditure represents funds passed on to other organisations in satisfaction of the specific criteria under which they were raised.

Support costs represent indirect costs relating to raising funds and the Charity’s charitable activities. Support costs, including governance costs, are allocated to activities.

Governance costs comprise the costs of running the charity, including strategic planning for its future development, auditors’ remuneration, certain legal costs and all costs of complying with constitutional and statutory requirements, such as costs of Board meetings and of preparing the statutory accounts. In accordance with the provisions of SORP 2019, governance costs are now included within support costs.

Staff costs are allocated according to the functions of staff as well as an estimate of the time spent by them in promoting the programmes of the Charity.

(f) Grants Payable Policy

Grants payable are charged when the offer is conveyed to the recipient and all the conditions attaching to these grants are fulfilled.

22

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

(g) Tangible Fixed Assets and Depreciation

Fixed assets are initially recognised at cost. Items of furniture, apparatus and equipment, and desk or laptop computers, costing less than £2,000 are charged against income in the year of purchase. Assets with a cost of £2,000 or more are capitalised and stated at cost less depreciation. Depreciation is provided at rates calculated to write off.

Freehold Premises 2%
Leasehold Premises Over life of lease
Computer Equipment Between three and seven years
Assets under Finance Lease Over life of lease
Intangibles (Software) between three and seven years

The carrying values of tangible fixed assets are reviewed for impairment in accordance with the requirements of FRS102.

(h) Social Impact Investments

Social Impact Investments are programme related loan and equity investments which are initially recognized at the amount paid. The carrying amount of loans is adjusted in subsequent years to reflect repayments and any accrued interest and adjusted if necessary for any impairment. Likewise, equity investments are reviewed for any impairment triggers and provisions made as appropriate.

(i) Investments

Investments are included at market value at the balance sheet date. The investments are considered to be fully impaired when they are received with sales restrictions, or a reliable valuation cannot be obtained. Any recognized gains and losses on revaluation or disposals are combined in the statement of financial activities. Income from investments is included in the year in which it is received.

(j) Financial Instruments

Basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable are accounted for on the following basis:

Cash and cash equivalents

Cash and cash equivalents include cash in hand, notice and term deposits of less than 95 days held at banks. Bank overdrafts, when applicable, are shown within current liabilities.

Short term investments

Short term investments comprise of short-term liquid investments with original maturities greater than 95 days, but less than twelve months.

Debtors and creditors

Debtors and creditors are measured at the transaction price less any provision for impairment. Any losses arising from impairment are recognised as expenditure.

Bank borrowings

Liabilities for borrowings which are subject to a market rate of interest are measured at the value of the amount advanced, less capital repayments.

23

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

(k) Leasing

Assets obtained under finance leases and hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives. The interest element of the rental obligations is charged to the Statement of Financial Activities over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals payable under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease.

(l) Pensions

Contributions to employees’ personal pensions and to the Zionist Federation Staff Pension Scheme defined benefit pension scheme are recognised as expenditure when they fall due.

The Zionist Federation Staff Pension Scheme (ZFSPS) is a multi-employer defined benefit scheme for which the Charity’s share of the underlying assets and liabilities cannot be separately identified. This scheme is therefore accounted for as a defined contribution scheme in accordance with section 28 of FRS102. Amounts payable in respect of agreed deficit reduction plans are recognised as a liability at the discounted value of expected future payments. As at 30 September 2025, the scheme has indicated that no deficit reduction contributions are due.

Service costs, curtailments, settlement gains and losses, net financial returns and remeasurement gains and losses are included in the Statement of Financial Activities in the year to which they relate.

Changes in the assets and liabilities of the scheme in the year are disclosed and allocated as follows:

The assets, liabilities and movements in the surplus or deficit of the scheme are calculated by qualified independent actuaries as an update to the latest full actuarial valuation. Details of the scheme assets and liabilities and major assumptions are shown in note 17.

(m) Foreign Exchange

Exchange differences on US Dollar or Israeli Shekel balances held at the end of the financial year for projects pending transfer are accounted for within charitable expenditure, whether a gain or a loss.

(n) Taxation

As a registered charity within the definition of Sections 466 to 493 of the Corporation Tax Act 2010, the charity is exempt from taxation on the surpluses generated by its charitable activities. Irrecoverable VAT is not separately analysed and is charged to the Statement of Financial Activities when the expenditure to which it relates is incurred and is allocated as part of the expenditure to which it relates.

(o) Funds

General funds comprise the accumulated surplus or deficit from the Statement of Financial Activities which is not restricted nor designated funds. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Designated funds comprise funds that have been set aside at the discretion of the Trustees for specific purposes. Restricted income funds comprise unexpended balances of donations and grants held in trust to be applied for specific purposes.

24

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

(p) Contingent assets

The Charity recognises donations pledged but not yet received at the balance sheet date as a contingent asset. Such amounts are considered to be possible future assets which could materialise following the balance sheet date, where receipt is not virtually certain at the accounting reference date.

(q) Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Trustees make estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by nature, seldom equal the related actual results.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the financial year are noted below:

2. SUBSIDIARY ENTITIES

A) UJ EVENTS PLUS LIMITED

The results of the Charity’s subsidiary, UJ Events Plus Limited, Company registration in England as a private company limited by shares number: 02194244 which is included in the group accounts (see note 1a), are as follows:

----- Start of picture text -----
2025 2024
£’000 £’000
----- End of picture text -----

2025
£’000		 2024
£’000
Turnover 296 187
Less: Cost of sales (291) (239)
Net Operatingincome 5 (52)
Less: Administrative expenses (6) (4)
Operatingloss (1) (56)
Deed of Covenantpayments to UJIA - -
Loss for theyear (1) (56)

25

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. SUBSIDIARY ENTITIES (CONTINUED)

----- Start of picture text -----
Total Total
CURRENT ASSETS 2025 2024
£’000 £’000
Debtors 11 43
Cash at bank and in hand 129 75
140 118
CREDITORS DUE WITHIN ONE YEAR (197) (174)
NET CURRENT LIABILITIES (57) (56)
NET LIABILITIES (57) (56)
CAPITAL AND RESERVES
Called up share capital - -
Profit and loss account (57) (56)
(57) (56)
----- End of picture text -----

B) THE JEWISH PHILANTHROPIC ASSOCIATION FOR ISRAEL AND THE MIDDLE EAST (JPAIME)

The results of the Charity’s subsidiary, JPAIME an unincorporated charity, registration number: 256689, which is included in the group accounts (see note 1a), are as follows:

----- Start of picture text -----
INCOME AND EXPENDITURE
Total Total
INCOME FROM: 2025 2024
£’000 £’000
Voluntary income – donations & tax refunds 7 8
Voluntary income – legacies 2 200
Investment income 126 130
Total income 135 338
EXPENDITURE ON:
Fundraising - -
Charitable activities 3 5
Total expenditure 3 5
NET INCOME FOR THE YEAR 132 333
Actuarial gains - ZF Pension scheme - 538
NET MOVEMENT IN FUNDS 132 871
Funds brought forward at 1 October 2024 3,336 2,465
Funds carried forward at 30 September 2025 3,468 3,336
----- End of picture text -----

Both totals in 2025 and 2024 were unrestricted funds.

26

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. SUBSIDIARY ENTITIES (CONTINUED)

----- Start of picture text -----
30 Sept 2025 30 Sept 2024
Notes £’000 £’000
£’000 £’000
CURRENT ASSETS
Debtors 6 3,450 3,323
Cash at Bank and in hand 20 15
3,470 3,338
CREDITORS due within one year (2) (2)
NET CURRENT ASSETS 3,468 3,336
CREDITORS: Amounts falling due after one - -
year – pension accrual
NET ASSETS 3,468 3,336
REPRESENTED BY
Unrestricted funds 3,468 3,336
3,468 3,336
----- End of picture text -----

3. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

----- Start of picture text -----
Other Charitable Support & Total Total
Grants
expenses Governance costs 2025 2024
£’000
£’000 £’000 £’000 £’000
ISRAEL PROGRAMMES
Educational Infrastructure (Capital 230 - 23 253 468
Projects)
Educational Programmes - Israel 1,235 47 124 1,406 1,765
Social Welfare & Medical Programmes 20 - 2 22 47
Employment & Social Investment - 107 - 107 168
Programmes
Absorption & Victim Support - - - - 14
Response to October 7th - Emergency 1,578 44 159 1,781 3,657
Response to October 7th - Recovery 1,498 - 151 1,649 412
UK PROGRAMMES
Education Programmes - UK 698 711 71 1,480 1,227
Israel Experience 980 240 99 1,319 864
Research & Evaluation - 61 - 61 74
Community Education & Awareness 639 77 64 780 1,015
Welfare - 33 - 33 25
Total 6,878 1,320 693 8,891 9,736
----- End of picture text -----

All funds allocated by the Charity for expenditure in Israel are restricted to projects within its internationally recognised borders. Exchange rate movements in the years are accounted for within other charitable expenses and apportioned based on grant size. Comparative figures for 2024 as are as follows:

27

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

----- Start of picture text -----
Other Charitable Support & Governance Total
Grants
expenses costs 2024
£’000
£’000 £’000 £’000
ISRAEL PROGRAMMES
Educational Infrastructure (Capital
364 58 46 468
Projects)
Educational Programmes - Israel 987 217 561 1,765
Social Welfare & Medical Programmes 36 6 5 47
Employment & Social Investment 81 80 7 168
Absorption & Victim Support 11 2 1 14
Response to October 7th - Emergency 3,364 293 - 3,657
Response to October 7th - Recovery 412 - - 412
UK PROGRAMMES
Education Programmes - UK 741 477 9 1,227
Israel Experience 525 302 37 864
Research & Evaluation - 74 - 74
Community Education & Awareness 684 249 82 1,015
Welfare 20 2 3 25
Total 7,225 1,760 751 9,736
----- End of picture text -----

The number of institutions receiving grants in the year was 93 (2024 – 131) and values for grants over £100,000 were as follows. Note within the non-emergency figures there are amounts paid in the financial year which may encompass grants, bursaries and subsidies awarded in multiple years and across multiple programme cycles.

----- Start of picture text -----
2025 2024
NON EMERGENCY/RECOVERY GRANTS
£’000 £’000
Birthright Israel 507 177
Jewish Agency for Israel 460 619
UJIA Israel 323 248
Federation of Zionist Youth 233 167
Western Galilee College 230 315
B’nei Akiva 137 156
Shalom Hartman Institute 103 80
King David High School Manchester 101 106
Other Youth Movements under £100k 348 378
Other non Emergency/Recovery grants under £100k 1,319 1,204
TOTAL EMERGENCY AND RECOVERY GRANTS
Kibbutz Be’eri 1,500 -
Jewish Agency for Israel 336 423
Regrow 245 -
Kiryat Shmona Community Centres 118 -
Enosh 100 -
Other emergency grants under £100k 818 3,353
Total Grants 6,878 7,226
----- End of picture text -----

28

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

4. SUPPORT & GOVERNANCE COSTS

----- Start of picture text -----
Support Governance Total Support Governance Total
Costs Costs Costs Costs Costs Costs
2025 2025 2025 2024 2024 2024
£’000 £’000 £’000 £’000 £’000 £’000
Finance and Insurance 36 - 36 10 - 10
Staff 391 28 419 342 58 400
Office and IT 171 - 171 290 - 290
Legal fees - 38 38 9 9 18
Audit fees - 29 29 - 33 33
598 95 693 651 100 751
----- End of picture text -----

5. STAFF COSTS AND NUMBERS & COSTS OF KEY MANAGEMENT PERSONNEL

----- Start of picture text -----
2025 2024
£’000 £’000
Staff costs comprise the following:
Salaries 1,655 1,589
National insurance 185 159
Pension scheme contributions 103 91
1,943 1,839
Split by:
Raising funds 667 460
Charitable Activities 947 979
Support and Governance 329 400
Total 1,943 1,839
----- End of picture text -----

The Pension Contribution for the year was £102,000 (2024 - £91,000).

No redundancy payments were made during the year (2024 - nil). Staff related costs including recruitment were £55,000 (2024 - £46,000).

The average total number of staff during the year, including those who worked part-time was 29 (fulltime equivalent 28) (2024 was 29 – full time equivalent 27). No provision has been made for accrued holiday pay since the amounts involved were not material.

The number of employees whose earnings in the year in relation to time spent on the Charity’s affairs exceed the equivalent of £60,000 p.a. excluding pension contributions and NI was:

----- Start of picture text -----
2025 2024
£’000 £’000
£60,000 - £70,000 5 1
£70,000 - £80,000 3 3
£110,000 - £120,000 1 1
£130,000 - £140,000 1 1
£150,000 - £160,000 - 1
£160,000 - £170,000 1 -
The total pension contributions for those earning in excess of £60,000 in the year was as follows:
Under money purchase schemes (2025:10 people, 2024: 7 people): 2025 2024
61 49
----- End of picture text -----

Staff costs are allocated according to the functions of the staff and form part of UK Educational programmes, Fundraising and Support, as appropriate.

29

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

The Charity considers that its Key Management Personnel comprise its Trustees and Executive Team.

The total employer benefits including employer NIC, and pension contributions paid in respect of the Executive Team were £718,000 (2024 - £663,000).

6. TRUSTEES’ EMOLUMENTS

No remuneration or re-imbursement of expenses were paid to the Trustees in either 2025 or 2024.

The Charity has an insurance policy that protects the Charity from losses arising from the negligence or default of its Trustees and Officers by indemnifying the charitable funds against the consequences of such neglect or default.

The cost to the Charity of this insurance for the year was £16,906 (2024 - £15,816), offering £5m of insurance cover (2024 - £5m).

7. TANGIBLE FIXED ASSETS - GROUP AND COMPANY

----- Start of picture text -----
Computer
Freehold Leasehold Intangible
Equipment &
Property Property Fixed Assets Total
Software
£’000 £’000 £’000 £’000
£’000
Cost
As at 1 October 2024 80 108 314 66 568
Additions - 23 - 34 57
Disposals - - - (23) (23)
Cost as at 30 September 2025 80 131 314 77 602
Depreciation
As at 1 October 2024 40 27 314 20 401
Charge for year 1 14 - 18 33
Disposals - - - (22) (22)
Depreciation as at 30 September 2025 41 41 314 16 412
Net Book Value as at 30 September 2025 39 90 - 61 190
Net Book Value as at 1 October 2024 40 81 - 46 167
----- End of picture text -----

30

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

8. SOCIAL IMPACT INVESTMENTS

Detailed information about our Social Impact portfolio can be found on our website https://si3.ujia.org. While the portfolio mainly consists of loan investments, there are also equity investments (shown with asterisks). The Portfolio is as follows:

----- Start of picture text -----
2025 2024
£’000 £’000
Ogen 734 655
Aluma 180 160
Hadarim Equity 109 96
Ogen -Emergency Loan 97 -
KIEDF - Emergency Loan 97 -
Ampersand 90 80
She Codes 71 -
Abraham Hostel 65 58
Youth of Light 63 100
NOVT - Emergency loan 54 48
Moona 37 -
Enosh 30 54
Jump.in 25 48
Desert 19 21 22
Gvanim Shel Matok 19 27
Siraj 8 26
Lev 19 5 9
KIEDF - Ethiopian Businesses - 13
KIEDF - Arab-Israel Businesses - 100
Total 1,705 1,497
----- End of picture text -----*

9. SHORT TERM AND LONG TERM INVESTMENTS

Group 2025
£’000		 Charity 2025
£’000		 Group
2024 £’000		 Charity 2024
£’000
Longterm investments 2,300 2,300 1,552 1,552
Short term Investments 2,819 2,819 2,509 2,509

Investments are held in Sterling Bonds and savings accounts.

10. OPERATING LEASE COMMITMENTS – GROUP AND CHARITY

----- Start of picture text -----
2025 2024
£’000 £’000
At 30 September 2025 the total of the future minimum lease payments are:
Land and buildings:
Not later than one year 107 105
Later than one year and not later than five years 451 443
Total 558 548
----- End of picture text -----

UJIA

31

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. DEBTORS

----- Start of picture text -----
Group Charity Group Charity
2025 2025 2024 2024
£’000 £’000 £’000 £’000
Accrued legacy income 311 311 643 443
Amount due from trading subsidiary companies - 166 - 113
Other debtors & prepayments 372 412 617 574
Total 683 889 1,260 1,130
----- End of picture text -----

12. CREDITORS: AMOUNTS DUE WITHIN ONE YEAR

----- Start of picture text -----
Group Charity Group Charity
2025 2025 2024 2024
£’000 £’000 £’000 £’000
Jewish Philanthropic Association for Israel and the - -
3,450 3,123
Middle East
Other creditors 130 153 411 411
Other taxation and social security 52 52 45 45
Grants payable 3,423 3,423 769 769
Accruals and deferred income 32 28 92 29
Total 3,637 7,106 1,317 4,377
----- End of picture text -----

13. ANALYSIS OF MOVEMENT IN RESTRICTED FUNDS

----- Start of picture text -----
Balance B/F Income Expenditure Balance C/F
PROJECT NAME Transfers
01-Oct-24 during Year during year 30-Sep-25
Israel programmes
Oct 7th Emergency Programme 1,880 320 (1,703) - 497
Oct 7th Recovery Programme 166 1,127 (1,320) 88 61
Bell Scholarships (Tel Hai) 83 - - - 83
Zefat Nursing School 84 - (84) - -
Western Galilee College 313 - (230) - 83
Legacy for forestry 85 - (71) - 14
Carmiel Children’s Village 24 48 (50) - 22
Legacy for engineering and drama 36 - (10) - 26
scholarships
Social Investment - Ogen 524 - - (160) 364
Legacy for welfare purposes 88 - - (88) -
Other Israel projects (including
205 2,163 2,127 160 401
fundraising)
UK programmes
Mamlock House Fund 47 - - 45
Ashdown Fellows 23 - (2) - 23
Israel Experience Bursaries 127 275 (99) (7) 296
Other UK programmes 211 355 (408) 7 165
Total 3,896 4,288 (6,104) - 2,080
----- End of picture text -----

32

UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Restricted funds - Israel Programmes

Restricted funds - UK programmes

Transfers

UJIA

33

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

14. ANALYSIS OF MOVEMENT IN RESTRICTED FUNDS FOR 2024

----- Start of picture text -----
Balance B/F Income Expenditure Balance C/F
Transfers
PROJECT NAME 01-Oct-23 during Year during year 30-Sep-24
Israel programmes
Oct 7th Emergency Programme - 5,982 (4,102) - 1,880
Oct 7th Recovery Programme - 578 (412) - 166
Bell Scholarships (Tel Hai) 92 - (9) - 83
Zefat Nursing School 201 - (117) - 84
Western Galilee College 359 269 (315) - 313
Legacy for forestry 85 - - - 85
Carmiel Children’s Village 112 21 (109) - 24
Legacy for engineering and drama 46 - (10) - 36
scholarships
Social Investment - Ogen 469 55 - - 524
Ukraine Emergency Appeal 68 - (68) - -
Legacy for welfare purposes 88 - - - 88
Other Israel projects (including 450 422 (828) 161 205
fundraising)
UK programmes
Mamlock House Fund 49 - (2) - 47
Ashdown Fellows 31 - (8) - 23
Israel Experience Bursaries 150 261 (284) - 127
Other UK programmes 18 845 (652) - 211
2,218 8,433 (6,916) 161 3,896
----- End of picture text -----

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS FOR GROUP AND CHARITY

----- Start of picture text -----
Group Charity Group Charity Group Charity
Unrestricted Unrestricted Restricted Restricted Total Total
Funds £’000 Funds £’000 Funds £’000 Funds £’000 Funds £’000 Funds £’000
Fixed Assets 190 190 - - 190 190
Social Investments 1,341 1,341 364 364 1,705 1,705
Long term investments 2,300 2,300 - - 2,300 2,300
Net current assets 5,109 1,698 1,716 1,716 6,825 3,414
8,940 5,529 2,080 2,080 11,020 7,609
----- End of picture text -----

Comparative figures for 2024 are as follows:

Group
Unrestricted
Funds £’000		 Charity
Unrestricted
Funds £’000		 Group
Restricted
Funds £’000		 Charity
Restricted
Funds £’000		 Group
Total
Funds £’000		 Charity
Total
Funds £’000
Fixed Assets 167 167 - - 167 167
Social Investments 973 973 524 524 1,497 1,497
Longterm investments 1,552 1,552 - - 1,552 1,552
Net current assets 2,660 (620) 3,372 3,372 6,032 2,752
5,352 2,072 3,896 3,896 9,248 5,968

UJIA

34

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Restricted funds comprise funds provided by the donor for a specific purpose or in support of a specific project. Information about some of the projects currently being supported are provided in note 13 and further information can be made available upon request from our Registered Office.

Unrestricted funds comprise general donations which can be used at the discretion of the Trustees in accordance with the general aims and objectives of the Charity. These include funds which have been separately identified and designated by the Trustees for specific projects and for earmarked projects in the UK.

Movement in designated funds was as follows:

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Balance B/F Income during Expenditure Balance C/F
Transfers
01-Oct-24 Year during year 30-Sep-25
Designated Legacy - 3,120 - - 3,120
Trustee Allocations 9 86 (262) 218 51
Social Investments 1,497 495 38 (689) 1,341
Fixed Assets 167 - - 23 190
1,673 3,701 (224) (448) 4,702
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Included in unrestricted designated funds are the non-restricted elements of the social impact investments, used to fund the evergreen investment cycle creating both social and financial returns over time, and a £3.1m legacy which will be used over a 4 year time frame in the UK and Israel.

16. RELATED PARTY TRANSACTIONS

Two trustees of UJIA were Directors of UJIA Israel in the 2023-2024 financial year but stood down in 2024-2025. UJIA staff act in a supervisory capacity as part of the financial control process in UJIA Israel. UJIA does not have control over UJIA Israel since UJIA acts in a supervisory capacity only. Some UJIA Israel staff act as agents of UJIA in monitoring the implementation of programmes in Israel. During the year, grants were made of £239,000 (2024 - £113,000) towards UJIA Israel’s monitoring and core programme costs. At 30 September 2025, UJIA owed UJIA Israel £nil (2024 - £103,095) in respect of operational costs.

No payments were made to Trustees in the year for professional services. During the year, individual Trustees, including their family trusts, donated a total of £257k (2024 -£472k) to the Charity.

17. PENSION SCHEME COSTS

The Charity participates in a multi-employer final salary pension scheme, the ZFSPS. It is not possible to identify the assets and liabilities of the scheme that are attributable to the Charity.

The most recent actuarial valuation of the scheme was carried out by the scheme’s actuaries as at 6 April 2023. The valuation revealed that the scheme was in a net surplus position and therefore no further deficit contributions are required. At the valuation date the past service funding level was 109% using the agreed actuarial assumptions for ongoing funding, which included single equivalent discount rates of 4.16% p.a. and RPI inflation of 3.42% p.a. Due to improvements in the projected funding position of the scheme, it was determined by the trustee that deficit contributions should cease with effect from February 2025 for employers whose pools were estimated to be materially in surplus. As a result, there is no obligation recognised as a liability within these financial statements as at 30 September 2025. A liability has been recognised at earlier dates.

UJIA

35

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

The liabilities of the scheme are shared with the Jewish Philanthropic Association for Israel & the Middle East (“JPAIME”) which is responsible for funding the pensions of those pensioners who were deferred and did not become employees of UJIA when the Charity started operations in January 1997.

----- Start of picture text -----
2025 2024
Group - The movements on the provision are:
£’000 £’000
Provision at start of period - 836
Deficit contributions paid - (93)
Unwinding of discount factor - -
Actuarial gains - (743)
- -
Charity - The movements on the provision are: - -
Provision at start of period - 232
Deficit contributions paid - (27)
Unwinding of discount factor - -
-
Actuarial gains (205)
- -
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The UJIA also contributes to individual money purchase schemes for eligible staff members. The charge in the accounts represents normal contributions payable to the money purchase schemes of £120,000 (2024: £91,000).

18. CAPITAL COMMITMENTS

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Group Group Charity Charity
2025 2024 2025 2024
£’000 £’000 £’000 £’000
Contracted but not provided for - software - 13 - 13
- 13 - 13
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19. CONTINGENT ASSET

In addition to voluntary income amounts recorded at year end, a further £1,341k had been pledged to UJIA but not yet received (2024: £857k), which is being recognised as a contingent asset. This is because UJIA policy does not consider there to be entitlement to these funds until date of receipt.

20. POST BALANCE SHEET EVENT

In January 2026, a transfer agreement was signed, effective 1 February 2026, to transfer residual funds from: Jewish Child’s Day, a charitable incorporated organisation, registered charity number 1195764, (JCD); and Jewish Child’s Day, a charitable unincorporated association, registered charity number 209266, (Legacy JCD); to UJIA. UJIA have established a grant allocations committee whose purpose will be to oversee the award of grants from the residual JCD funds.

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UJIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

21. COMPARATIVE FIGURES 2024 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

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INCOME AND EXPENDITURE
Unrestricted Funds Restricted Funds Total 2024
INCOME FROM:
2024 £’000 2024 £’000 £’000
Voluntary Income
Donations 2,936 8,411 11,347
Legacy income 807 22 829
Trading income 187 - 187
Investment income 441 - 441
Total income 4,371 8,433 12,804
EXPENDITURE ON:
Raising funds 1,136 445 1,581
CHARITABLE EXPENDITURE ON ISRAEL PROGRAMMES
- Educational Infrastructure (Capital Projects) 46 422 468
- Education programmes 983 782 1,765
- Social Welfare & Medical programmes 5 42 47
- Employment & Small Business programmes 103 65 168
- Absorption & Victim Support 1 13 14
- Response to October 7th - Emergency - 3,657 3,657
- Response to October 7th - Recovery - 412 412
CHARITABLE EXPENDITURE ON UK PROGRAMMES
- Education programmes 1,115 112 1,227
- Israel Experience 565 299 864
- Research & Evaluation 74 - 74
- Community Education & Awareness 368 647 1,015
- Welfare 5 20 25
Total expenditure 4,401 6,916 11,317
NET (EXPENDITURE)/INCOME FOR THE YEAR (30) 1,517 1,487
Transfer between funds (161) 161 -
Actuarial gains - ZF Pension scheme 743 - 743
Net Movement in funds 552 1,678 2,230
743
Reconciliation of funds:
Funds brought forward at 1 October 2023 4,800 2,218 7,018
Funds carried forward at 30 September 2024 5,352 3,896 9,248
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INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE UNITED JEWISH ISRAEL APPEAL

UJIA

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INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE UNITED JEWISH ISRAEL APPEAL

We have audited the financial statements of the United Jewish Israel Appeal (the ‘charitable parent company’) and its subsidiaries (collectively referred to as the ‘group’) for the year ended 30 September 2025 which comprise the group statement of financial activities, group and charitable parent company balance sheets and statement of cash flows, the principal accounting policies and the notes to the financial statements. 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 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 group and charitable parent 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.

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE UNITED JEWISH ISRAEL APPEAL

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UJIA

OTHER INFORMATION

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

We have nothing to report in this regard.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

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

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the group and the charitable parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report including the strategic report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement, 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 group’s and the charitable parent 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 group or the charitable parent company or to cease operations, or have no realistic alternative but to do so.

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE UNITED JEWISH ISRAEL APPEAL

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UJIA

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.

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

We assessed the susceptibility of the group and the charity’s accounts to material misstatement, including how fraud might occur by:

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE UNITED JEWISH ISRAEL APPEAL

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UJIA

procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

USE OF OUR REPORT

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charity’s trustees as a body, in accordance with Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might 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.

Shachi Blakemore (Senior Statutory Auditor)

Shachi Blakemore (Senior Statutory Auditor) 130 Wood Street For and on behalf of Buzzacott Audit LLP, Statutory Auditors London 19 JUNE 2026 EC2V 6DL

Buzzacott Audit LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.