CHARITY REGISTRATION NUMBER: 1079196 Jewish Education and Publishing Trust Financial Statements 31 March 2025 G A HARRIS & CO LIMITED Chartered accountants & statutcry auditor Brulimar House Jubilee Road, Middleton, Manchester England M24 2LX Jewish Education and Publishing Trust Financial Statements Year ended 31 March 2025 Page Trustees, annual report Independent auditorfs report to the members Statement of financial acti¥ities Statement of financial posi=ion statement of cash flows 10 Notes to the financial statements 11 Jewish Education and Publishing Trust Trustees, Annual Report Year ended 31 March 2025 The trustees present their ￿port and Ihe financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Registèred charity name J￿VIsh Educats'on and Publishing Trust 10791 Charity registration number Principal office Suite 30 15a Market Street Oakengates Telford TF2 6EL The trustees Simon Brand Jacob Freifeld Alexey Nizovskiy Auditor G A HARRIS & CO LIMITED Chartered accounlants & statutory auditor Brulimar House Jubilee Road. Mithlleton, Manchester England M24 2LX Structure* governance and management Jewish Education and Publishing Trust is an unincorporated charity constituted under a Deed of Declaration of Trust dated 9th January 2000 as amended on 16th October 2019. It is a registered charity with a chanty number being 1079196 and was registered as a chartty on 31 sl January 2000. Recruitment and appointment of new trustees is in line wtih the Trust Deed and with the consent of the Irustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation. There is no chief executive 0￿￿er. The day to day affairs are undertaken by Mr A Nizovskiy on behalf of the trustees. All major decisions are taken colleth.vety by the Irustees and all the trustees give Iheir time freely. The trustees are unpaid and details of any related paty transactions are disclosed as applicable in the notes to the accounts. Jewish Education and Publishing Trust Trustees. Annual Report (¢onthued) Year ended 31 March 2025 Objectives and actlvities The objectives of the Charity are the relief of povety amongst persons in need and hardship in the Jewish communty., the advancement of education according to the beliefs and values of the orthc(lox Jewsh faith and the advancement of the Jewish orthodox religion for Russian Jewry in Israel, Europe and former Soviet Union countries. During Ihe seventy years of communiol rule in the Soviet Union. all religion were effectively banned and, as a result, most Soviet Jewry (numbering well over two million) have virtually no knowledge of their heritage. To deal with this situation, a number of educational facilities were established in Moscow funded by donations raised in Westem Europe to enable a number of sludents to study Judaism. Since the war between Russia and u￿.{aine had started we have ￿8$ed all of our operations in Russia and now concentrate solely on further ng cultural and educational activities for Russian speaking Jewry worldwide. We support Russian speab.ing Jewry worldwide with provision of services to relief poverty, publishing of bcoks with Jewish malerial and cultural aclivities within framework of Shulchan Oruch. We have established Jewish cultural centres in Israel to assist Ukrainian and Russian war refugees. Grant making and Public Benefrt polic'i The trustees confimi that they have referred to Ihe guidance contained in the Charity Commission's general guidance on public benefit and in particular to rts supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year. The trustees consider they have met the public benefit test. The charity has established tts grant making policy to achieve its objects for the public benefrt. The charity invites applications for funding through contacting kjcal philanthropists to contribute towards projects that both the trustees and the philanthropists feel are appropriate for the charities objective. The application of the funds by way of grants is to either institutions or individuals and is almost always to inslilutions. The trustees measure ihe success of achieving the stated aims by the number and value of granls paid out for each objects. The grants paid out in the year are detailed in the notes to the accounts and the trustees consider they have met their élms successfully this year. Achievements and performance The charity received £2,420.321 <2024: £2.597.460) in donations during the year. The charty paid out £2,536,380 (202£: £2.709.124) by way of grants and support costs. The grants have been categorised for ease of ref￿ence and a full list of grants is available upon a written request to the trustees. The trustees consider Ihis is line with SORP (FRS 102) paragraph 16.17 on the basis that the categories convey more meaniigful inf0m￿tIOn to the reader of the accounts. At 31 st March 2025, the charity held uirestricted reserves of £21,370 (2024.. £137.4291. The trustees are actively seeking to increase rese￿￿5 through future fundraising and are Confident that the charity will continue as a going concem, supoorted by strong donor relationships. Jewish Education and Publishing Trust Tru8tees' Annual ReportCconOmth¥ Year ended 31 March 2025 Flnanclal revl•w The tnjstees feel that the year was saisfactory in tern￿ of #Korr18 from donabons and grants paid oul to the benefi¢iaries. The trustees are d61ighted to have made many valuable contn'bullons to the communty as a ￿SuIt of these grar*s ¥Ad donattons and hope to be able to do so for many years to coTr￿. Tru8teè8' respon81bllltl•8 Blaloment The trustees are responsible for yeparing the trustees, repcwt and the financial state￿￿t$ In accordance wilh applicabte law and United Kingdom Accounling Standards {United Kingdom Generally Accepted Accounting Practice). The law applICab￿ to charities In England and Wales requirès the charity trustees to prepare financial statements for eaGh year which giv8 a tnE and fair view of the stste of affairs of the charity and of the InrJ)rring resources and applicab'on of resources. of the charity for that period. In preparing these financial statements the trustees are required to: select suitable &counting ￿￿kIeS and then appty them const8lently,' obseNe the n￿thodS and pnnciples In the applKable Charitre8 SORP: make jud&vnents and accounting estimates Ihat are reasonable ￿ prudenl: state whether appllcable UK Acc£unting Standards have been folknv8d. sutlect to any material depathres disclosed and explained in the finantral statements". preparo the finarKial staterne￿s the going concern basis unless it is inapprowiate to presume that the chwty will contthue in ￿lneSS. The tru8tees are responsible for keeFrftiJ adequate axount¥)g records Ihat are sufficiant to shthv and explaln the chamis transact￿nS and disclose wlth reasonatA8 accuracy at any tbne the fina￿131 pjsition of the charity and enable them to ensure that the financlal slatements comply with the Charities Act 2011, the applicable Charities {Accounts and Repc¥ts) Regulations. and the provislons of the Trust Deed. They are also responsble for safeguarding the assets of the charity and hen¢e for taking reasonable steps ts the Wevent￿￿ and detection of fraud and other irregularitbes. The trustees, annual report was approv￿ on 16 Seplember 2025 and sigrbed on behalf of thè toard of trustees by.. Alexey 14izovskiy Twslee Jewish Education and Publishing Trust Independent Auditorfs Report to the Members of Jewish Education and Publishing Trust Year ended 31 March 2025 Opinion We have audited the financial slalements of Jewish Education and Publishing Trust {the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities, statement of financial position. statement of cash flows and the related notes, including a sumrnary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Axounting Standards. Including FRS 102 The Financial Reporting Standard applicable in the UK 2nd Republic of Ireland (Unrted Kingdom Generally Accepted Accounting Practice}. In our opinion the financial statement<: give a true and fair view of the state of the chanvs affairs as at 31 March 2025 and of its incoming resources and application of reeources, including rts income and expenditure, for the year then ended., havo been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemalional Slandards on Auditing {UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fU￿illed our other ethical respon5ibililies in a¢cordance V￿th 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 ¢oncem In auditing the financial statements. we have concluded that the trustees. use of the going concern basis of a￿OUntIng in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not Klentified any material uncertainties relating to evenls or conditions that, individualty o- collectively. may cast S￿nIfICant doubt on Ihe charity's ability to continue as a going concern for a period of at least Iwelve months fiom when the financial slatements are authorised for issue. Our responsibiltties and the responsibilities of the trustee5 Wtih respect to going concern are described in the relevant sections of this report. Jewish Education and Publishing Trust Independent Auditorfs Report to the Members of Jewish Educatlon and Publishing Trust (contsniied) Year ended 31 March 2025 Other Information The other information comprises the .nfomiation included in the annual report, other than the financial statements and our auditor's report th2reon. The trustees are responsible for the other information. Our opinion on the financial stalements d￿S not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection wtth our audit of the finaicial statements. our responsibility is to read the other information 2nd, in doing so. consider whether t1e other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the audrt or otherwise appears to be malerially misslaled. If we identify such material inconsistencies or apparent material misstatements. we are required to delennine whether there is a material misstatement in the financial statements or a malerial misstatement of the other infomiation. If. based on the work we have perfomied, we conclude that there is a material misstatement of Ihis othw information. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception In the light of the knowledge and understanding of the chanty and rts environment obtained in the course of the audit, we have not identified ma-.enal misstatements in the trustees. ￿pOrt. We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports} Regulations 2008 requires us to report to you rf, in our opinion. the information given in the trustees, report is inconsistent in any material respect with the financial statements," or ' adequate accounting records have not been kept: or the financial stalements are nol in agreement with the accounting records and retums: • we have not received all the Inf¢)rMati￿ and explanations we require for our audit. Responsibilities of trustees As explained more fulty in the trustees responsibilrties statement. the trustees are responsible for the preparation of the financial slatemenls and for being satisfied that they give a true and fair view and for such inlemal control as the trustees determine is necessary to enable the preparation of financ￿1 statements Ihat are free from material rnisstatemenL whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's abilty to continue as a going concem, disclosinc, as applicable. matters related to going concem and using the going concem basis of accounting unless the trustees erther intend to liquidate the charity or to cease operations, or have no realistic allematNe but to do so. Jewish Education and Publishing Trust Independent Audltor's Report to the Members of Jewish Education and Publishing Trust (continued) Year ended 31 March 2025 Auditor's responslbilities for the audit of the financlal $L￿ements 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 assJrance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will a￿VayS detect a malerial misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they coukl reasonably be expected to Influen￿ the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. are instances of non-compliance wrth laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misslatements in resped of irregularities, including fraud. The exlent to which our prttedures are capable of delecting irregularities, including fraud is detailed below= We obtained an understanding of the legal and regulatory framewo￿ that the Jewish Education and Publishing Trust operates in. and identified the kèy laws and re9ulations that had a direct effect on the detemiination of material amounts and disclosures in the financial statements. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audtt. We also.. Identrfy and assess the risks of material misstatement of the financial statements. whether due lo fraud or error, design and perform audit pr￿edureS responsive to those risks, and obtain audit evidence that is Suff￿lent and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatemerit resulting from fraud is hKJher than for one resulting from error, as fraud may involve collusion. forgery. intentional omissions. misrepresentations, or the overrrde of internal control. Obtsin an understanding of intemal conlrol relevant to the aud•t in order to design audit procedures that are appropriate in Ihe circumstances. but not for the purpose of expressing an opinion on the effectweness of the intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disdosure¢ made by the trustèes. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and. based on the audit evidence obtained. whether a matenal uncertainty exists related to evenls or condrtions that may cast significant doubt on the charity's abilty to continue as a going concern. If we conclude that a material uncertainty exists. we are required lo draw attention in our auditor's report to the related disclosures in the financial ststements or. rf such disclosures are inadequate, to m￿lfy our opinion. Our conclusions are based on the audit evidence obtained up to the dale of our auditor's report. However, future events or condrtions may cause the charity to cease to continue as a going concem. Evaluate the overall presentation, structure and content of Ihe financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentstion. Jewish Education and Publishing Trust Independent Auditorf8 Report to tho Member8 of Jewish Education and Publlshing Trust {contknuoaJ Year ended 31 March 2025 We communicate with those ctharged with governance reg&dkng. other matters, fhe planned S¢￿pe and timing of the audit and significant autht fiTrJings. induding any sb3nif￿ant defici￿¢[eS in intemal control that we idents'fy durffv our audit. Use of our report This report is made solety to the chcrlty's n78mbers. as a body. in acoxdance with Part 4 of Ihe Charities (Accounts and Reports) RegJlath'ons 2￿. Our audit work has been undertaken so that we M￿ht state to the chwity's members those matters we are required to stste to them In an auditors report and for no other purFose. To the fullest extent penythed by law, we do not accept or assume responsibility to anyone other than the charity and the charfty's members a8 a body, for our audlt work. for thls report, or for the opinions we hwe formed. G A HARRIS & CO LIMITED Chartered accLwntants & statutory auditr)r Brulrmar House Jubilee Road. Middleton, Manchester England M24 2LX 16 septer￿er 2025 GA Harris Limited is efigth lor app)irtment as a￿jttor of the chanty by vlrtue of Its eliglbllity for appointment as auditor ol a corTpany under Sect￿ 1212 of the Companies Act 2006. Jewish Education and Publishing Trust Statement of Financial Activities Year ended 31 March 2025 2025 Unrestricted funds Total fund3 Total funds 2024 Nole Income and endowments Donations and legacies Total income 2,420,321 2.420,321 2.420,321 2,597,460 2,597,460 2,420.321 Expenditure Expenditure on charitable activities Total expenditure 5,6 2.536,380 2,536,380 2,536.380 2,709,124 2,709.124 2,536.380 Net expenditure and net movement in funds {116.059) {116,059) (111,664) Reconclllation of funds Total funds brought forward Total funds carried forward 137.429 137,429 249,093 21,370 21.370 137,429 The statement of financial activities includes all gains and losse5 reccgnised in the year. All income and expenditu￿ derrve from continuing activities. The notes on pages 11 to 15 forni part of these flnancial statements. Jewish Education and Publishing Trust Statement of Flnanclal Posltion 31 March 202S 2025 2024 Current as80ts Cash at bank and in hand Credllors: amounts falllng due wlthln ono year Nel currént a86ets Total a88ets loss current Ilabilkles 24.370 139,929 3.000 21,370 21,370 2,500 137,429 137,429 Funds ofthe charfty Unrestricted fun(Js Total charlty funds 21.370 21.370 137,429 137,429 These finanaal statements were approved by the board of trustees and authorised for issue on 16 .and re si9ned on behalf of the b08rd ty.. 10 Alexey Nizovskry Trustee The notes on pag•s 11 to 15 forn) part of thue fl￿￿ClaI statements. Jewish Education and Publishing Trust Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Net expenditure {116,059) (111.664} Changes in.. Trade and other creditors Cash generated from operations Nel cash used in opèrating activities 500 (115,559) {111,664) {115,559) {111,664) Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and ¢ash equivalents at end of year (115,559) 139,929 1111.664) 251,593 24,370 139,929 The notes on pages 1", to 15 fomi part of these flnanclal statèments. 10 Jewish Education and Publishing Trust Notes to the Financlal Statements Year ended 31 March 2025 General infomiation The charty is a public benefit entty and a registered charity in England and Wales and is unincorporated. The address of the principal office is SUITE 30, 158 Market Street, Oakengales, Telford, TF2 6EL. Statement of compliance These financial statements ha¥e been prepared in Complian￿ with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to chanties preparing their accounts in a￿ordanCe with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (Charitie5 SORP {FRS 102)) and the char￿leS Act 2011. Accountlng policies Basis of preparation The financial stalements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertaintEs about the charivs ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported. Fund accounting Unrestricted funds are available for use at the discretion of the twstees to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or committment. We note there are no deS￿nated funds at this time. Restricted funds are subjected to -estrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of Iwo sub