Charlty 1p015trat nurnb•r1105254 lETrYTrd aTrd Wal•sl Company roylstrntlon numbèr 050789 ORTUK ANNLIAL REPORT AND FINANCIAL STATEMENTS FOR THÉ YEAR ENDEO 31 DECÉMBER 2023
ORT UK LEGAL AND ADMINISTRATIVE INFORAiAT1014 M5 A Ktsr C PAartdi D Rerhokl Ms A C(then B ¥Veb B Encna5 M5 N Segal 5CGdd B(knn L Davis NR {AprMMnted 15 Awl 20241 IApwinled 15 Awil 20241 IApwinted 15 Awl 20241 IApwinted 15 Awil 20241 IAprM)inted 15 Awl 20241 IApwinled 15 Awl 20241 Charity number IEnglarKI and Wales) 11052?4 compar numb•r 0)789 Raglstorèd officè ORT HtyJse 147 Arfiwfy) Rc&Y NWI 7Er Audltor (>aYits Audit 11 Lini 2 Lgrnan Street E1 8FA
ORT UK CONTENTS P•9• TrLStees' tpp(wl Indepwdenl audi# reF#Xt Statementof financial actDriIEs BalaKe sheei Statetngntofcash 10 Notes to the nal$l1énts 11. 21
ORT UK TRUSTEES, REPORT IINCLLItING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2023 Tre Trustees [nI the annu81 rerth arfinal ementsf the yeartyed 31 tkrsntEr2023. The finanaal stalefflenis have been prepared in th2 accountiry KieS set (xrt 1 to the finanal ststements and comply with Ihe charity'5 Klerniandum arKI All01A5jn dated Isl April 2004. the Companies Act 006 d'knuntirvJ and Reptrg by Chatibes. sts(e ofReciMnmetKJed PractKX lo tharities w8pamg •r accounts wi a¢¢ord¢e the Finarwial RewtiNJ sialwd w) UK a)d Rwui4i¢ of Ireknd IFRS 1021. lette¢tive 1 Jawary 20191. chanly'sobiects and wmary purtw rfwir6 th wrsut Ofitschariw rtiets¥es Ihrough the support ofWiJrkJ ORT8 elw(xk of schoDls. cdleges arml educalK)nal wLyec15 aX05s Ihe These tIeS rA)ntinue lo TrK)re than 200.0 stL•aents annllY 1h the $IL8 thèy to e¢omrN(ly ind8wd8nt 8nd freè frtm Ihe n6trd charty ihe lfy)g term. chanly pnmardy uffldertak8s Ihw (Kg8nEatK of eywts. the malchmg ofin18rasW donors wlh relevanl W(Yld ORT projects ar1>u1 Ihe arKI thrixty Ihe edu¢xlK>n ofBrtth dtTh)rs regardng ORT its wort. As part ofits invdv$ment in th8 1 ccmwwJnity in Lhe UK. ORT•abh"sW (%tT- JUMP. a prcgramme fc pulS In Year 12. Public tsen&ft Trns$ have ttsvj duF r¥ja 10 isgJed by tha Chary Cc¥nmtstsvM in d¢Ilr) what 8caTvdrdS thB ¢haiity should leNake. Achievefflents and performance si9nirK8ftt8divS 8nd•cAtsvern6ni$8gawW 2023's fundrasiry effiY15 were focused on wld ORT FYi4eLts in lyad the in Ukraine. 35wdl as supwrtsn9 ORT UK'S operabon activthes in UK. Scme of these lThYe.. KlarSllv8r Youth VI19•- ORT UK è mU._Y1th7dQ c8mpai9n kn uKy&1e refuthsh the yrxjth lL89Q SlLK18ni camws In Kfar Silver Ashkelon, Israel. SubslantHI resiided haye been re1ved. from British dcnor5 I fir51 tthase 15 COtnpletewTthI a g[[} the stLYJent tKNJy. T ptDFd 15 expectsd lo lasltm) nK)re years, art on comrleted the kvel of Eslri(d dowk)r6 to ORT UK isexpetted io drop. students Al Rlsk In Israo1- ihB progianvness UndV1e9ed thldren In Worbj ORT4ffdlaied s(th Alar9e number ofthe stLt$ cixne fri)rn boundS. YAh Pt$ are ether Lre[nDyed or underetnployéd. Other children experiEnce farnily I55 thal have dNupteil hJseK> InE(xNe. 5uth as the death or 5erK)U5 illne55 of a relalwe. In 8ddilion. QRT UK ha$ fwssed on fUraIsIr@ Kf¥ Sd¥v ywth wli3ge suppth.ry le¢hThYogy edLrath)n as well a5 lh8 [en(ation af dassr(KJm5 and Sci laIa)NieS. Vounlvefshy CÈntW8 of Excellerttr In W- erwJraL•rKJ F¥gh xfth sbJdents' inlerestin Scien¢e. Techrthgy. Engineering and Malh ISTEMI reL4led subie(ts throwh after-sclKxA [se5. The youThJ t0e parb-ltkte in hd5-0 urses on iopK$ suth as aertsspa. phy5fS. twe[1($. arthileciutp. fd gInEering and p)boti¢8. Located in mullirle verrtjes Ihiou9hout Israd jSLK as ryatyam, DiwKJno, lfjryat Gat JeruSeI the Centr% cater to InstreaM Jèwlsh. Pbrédi Arab ctyMwnitleS gviig Isradi youth Ive f¥frrM)) the8¢(#¢. oJMur81 academk csntra ofthe county access to worfd or*<Un9 lechrKlogy ORT-JUklP- ORT LIK8 pvol8cI- ORT UK'S pro1T.JUKIP S$$flY wbnued its work Wlh 8pproxirnaldy 350 stu¢enl-menlor paThI$ al 11 Se¢W s¢Ws IKOSS, Yavneh Colkur, JFS, lrnTrwnuel College, H3srnoan HaSrrkWan ()rts. C(¥thal. PararrHlI1. Ada Burgh. W IIK4rn Ellr4 and La te Utxonl.
ORT UK
TRUSTEES, REPORT IINCLLItING DIRECTORS. REPORD IcoKllNUED
FOR THE YEAR ENDED 31 DECEMBER 2023
Fundr8iSIrt9perfomnC•
Fwdrai5ingfrDtn core ORT UK everts vrne 5Kcesth 8usne55 8rEaktas1 and AnTAJal Fdraisi[U
Dinner. We are very grateful to our h)yal and tIr to make iheir donations to trt chwty a$ usual
esprte th8 ItDpau ol tre Cov>19 WOetTrG. Fwiy. y cQnimuj oxpaTrJ tyjr presence on social MP¢ and
enhance PR and messagng.
Financial rtvievi
Thp charity's 3Lvths kn the yeare presenied in ts all fin(apj StatlS whth St a npt leXperHJitUreirA)The
lor the yearolE16,73012022". £18.0111 The restrici&I ld5 ai 31 Decem 2023 £119,37612022."
£106.1041 ¥J unrFsthctsd furth £168.510la)22". £165.0521.
R858ry95
It is Ihe pnlicy oflhe ch4rity Ihal tricted have fkil des¥naled for a specifr. nrmlty be
MainIned at ¥ level equvalenl lo 6- 12 Nthh's experKSture. The Titlee$ eonrs thal reserves al this level wll ensure
ihal. n the ovenl of 8 srICant in Fund9. tsy be le to continue tre chantyscurrent acb"vibps while
COnseratiOn 15 gnien lDyfd in lIMalJrNls maybe ra1.
Al 31 December 2023. the nsInC1ed flsre £168.311 120Z2.. £165.052lwl¥ch arrynIe lo 3.? m01 (ywaling
expenditure This is in line our reserves poScy.
prinopa fu]Ing sour5 For tredwrity are (wrrenlly byway ofretred rveStowbk the tharity l
ORT UK TRUSTEES, REPORT IINCLLItING DIRECTORS. REPORD IcoKllNUED FOR THE YEAR ENDED 31 DECEMBER 2023 Tre Trustees. who a4$0 Ihe dett$ for ts puwofcoffpary W. aThJ $e duriry Ihe year ar up to Ihè daÈ of sign8tureol the stalemwls vJgr8'. r S J AtrErg8 Mr$ ftosn M(Yrls Mry Lin8ntrerg Mr A J Reeback MrYTal s A Kuier sCMg1 Ms L Calzon Mr D Reinhold Ms A Cithen Ms B We[ s B Enandle5 Ms N Segal Mrs C Gold MrG( Ms L Daw$ Mr N Reid {Reg 23 JOnu2024l (Re 1 Apri 20241 IResigw 1 Marth 2D241 IRwned 4 July 20241 IRwned 1 Auw5t 2D231 (Reg9n 12 Seplember 2023 (Atvmnted 1511 %)241 IAwxxnted 15WI 2)241 IAkyMnted 15 IAtwnled 15 a)241 {And 15 WI 3Y241 IAwxxtrted 151 I)241 R6¢nNimeniand8ppoiNmeni otlpuslees As setoul the ArbCQfAsS0citr. Ihp ffit Tru5teesEre those rKjtrf to frse itYA>rwation ofthe eharity. Th&Tm$teos may wnt8ny pers£ io 8(18s 8 Twsi 8ThJ thB Tfttste8¥ shal Th)t cc)$l ofle$¥ an 7 perso. None ol IheTru9tse9 h3swy Wefrral intwest charty. Ml TtU51ges nnI)erS Oftt ¢h8rity and gu8wiee to (x)ntribule £10 in the eventof a wnditwJ up. Org4nis8tsfy78istswttsr& Tstee$ 8dminisi¥ ihe caTty ¢h) an oryyrv) TrÈTru8iees typ4•Y x Smes a ye to ¢fisCAJ and resdvtr ralegy 8fwJ ongoing dknbwwls. Sth ccmmitt08S ofths Tru$ may on 8 pwiodic b851s lo &ngJre ts smooth running of the organisabon. The charity is a rnewthrof the FuThlrdNng Statsd5 Board. R(rlatd)nsthp wrth r91atsclp&tss Tyuslees are unfidt that sufficient prcttsses are in plxe 10 Identity rdaied parties¥ reptsrtany transxtiws with a5 8ppr(yn8te. $tatsment of Tvustqes. r•spon5kniktsp5 T1 TIusi¥¥¥. wliv UIET dii¥ilwb (MIT UK Uw3 wiwts¥ vf(XNmY iw. 1¥$F¥)(tyt) Ir)[ p1vpar9 Trustees, Rep and the tinancK41 staterrts acc1Xd ar.le ar Unrted Kingjorn Accowtyw Standard5 IuniiÈd Kirwom GenwaltyAt¢4rted Pr&ael. Company I r8quif8$ lh8 Tts$ to prepare r9r181 51alents fu exh f¥rJaI ye8rhth gN8 8 true f8if of the state ol atrairs ol tscharity and ofihe incryning resowces arKI ol resourc•5, indudiw the IrOrre expenditure, rl the ¢h¥it8bk npanYfQr that year. In kYep¥ring these financvdl stakrnents. IheTnJstees are requ to.. - select suitable accountiry atKJ then apply c¢wwenlty: - thsetve the ethSand prinu Jes in the (>arlI SORP". - makeiudgernenls and eStit&s1hat are rea50nle and pent. . State wh8ther applicab UKAcvJuntirvJ SLdad5 hawe folKV4J. 5uW to any raal rknrtwes dr&cb&ed and explained In Ihe finw¢k siatenwts.. and - Fware Ihg financwl statenwts goro ¢wcwn bggs 5$ it is ypryal* lo prswmg Ihattre cNqrity will continue in operation.
ORT UK TRUSTEES, REPORT IINCLLItING DIRECTORS. REPORD IcoKllNUED FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees are rÈspon¥trAe ke adew•e rwds Ihat dts¢h)se Mth reasmable attur¥¢y $1 any lime ihe financi41 poti ofthe ena¥e th lo Ihal the fnanoal alwents wth tlYJ ConyaThes Acl 2006. Thpy are also respons1te for safe9 the assets oflhe charity arNI h2 fortaknrvJ reanab 5tep5 for the prevenbon deieGbon of fra1 Olher iwe9kA8rits Trt Trustees are responsitrAe forthe maintenarte integrity afthe chaity and fmantyal informauon induded on the charity's wewte. Legislatim Vtmled thgthm 9ovetnitMJ the weparalw and dtfftnaton offnanua 51alemwts may (tifferfrun legSlati( in otherjuri5thctKS. Tru$iees' repcrt was woved by Ihe Board dTrustees. MSA Kuyer Trustee 21 Novgmb9r 3024
ORT UK INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ORT UK Owni¢)n We have aL¥Jited thefiancl stateTnerrtS t5[ ORT UK lttp'thrTty'IfiNthE yeeTled 31 DecErnber 2023 which cutnprise Ihe $18tement Offin¢Al thilies. Ihe b¥1 thel. the sienw ofcash fk)¥Eand notes 10 Ihe finar1 st8iewts. luding svwifK8nl aotsunbrwJ Tre DancJai rerNhrvJ fra[rW)rk Ihalh8$ bBFn ap10 in piep8tsbOn is apicab law and United Acujunbng S3rd5. I11rj Fkiarb&al Reptiry Standard 102 The Finanal Reporting SlandatdapplK3ble irj Ihe UKaNK1RepUNl1lafitt{Ule Gwera1YAwt Ac(yjUntg Practi1. In the sfatornenls" give é true and fairwew Dfthe state of GhaTrtaLle rAxnpanls affaws as at31 DÈcÈmbpr2023 and uf its incornng ro$our$ 18styJr¢o fly the year $re." have bew pr(werfy pre in acCnwnth United Kiwn Genudty A(xed Pract. and have been in reouinnentsofthe Comoans Act 2(Kfj. Basls foroplnlon We conthcted OLJr aud in accor w INn1MStaa[dS on Au(tiry IUKI IISAS IUKlland appkncable law. Our resporNbliiEs wder Ih05e starKlard5 e furher deSld in re4MKJFJtsMyes ffoTfhBaiJLlitofShg n&GIal siaiemeni$ section ofar report. We are Ieent oflhe chanty li ith the ethical reQrEnts thai are tsleY¥nl 1¢ cur aLQil ofihe rna81 Slate[nts in ihe UK. Ijj9 thE FRC'S EthKsl sid8ttJ. and have fufilled cdJr Iher eltieal responsibilities in ac(rdan Wih Ise requirements. We Ihalthe audit eviden we haveoblained 15 ¥ufficienl approwale to proVe a basLS f9r oplw. ConcluslDns relatlng to golng concern In auditing the finanthal $t8i&ment8. we have ¢cj08dthat Ttee$, USB of the goirry contem ba$S8¢tountiTh9 in the prep8rath)n of the [aral StsIentS appts)1e. Based on YA>rk have performed. V ha not entifIed Y rter1 U[ertatIes rdatirvj to events or cOnditiS that. dIdualY NixAlecbYdy, Thay casl doubt the Cty'saLI1ty to Conte a5a wing Goncetn a period oral sttsYdvÈrnonthsfi(rn when Ir finantiai auth(wisÈd ri$è. Ir respon%biliies and the resbIllS olthe TrUstSl1h resFeLttogxry ae described in the revant $ectnS of this repLYt. O¢hor informa¢igTh TFE other lrrfurtna1n t1 Inf31) I[KILed the rErf other the statemEnts and eur 8udilo¢s repcrt thereon. The Truskes are resrnywNe fu the otrw n[cmat Ccntsnied 4Vilhin the 8nwal repori Our pin1 on the finantial statements thes not coverlhe okner nforrnatson do notexpress any form of assuran condu5im thereon. OLT respDnsitlity 15 to read the Olhef inforTnalKn aTKJ, in so. (X>n5Klerwhether the Ottrr Infort is matsrially1n)jSI with Ihe financ ststaments or (wr krThlJ9a cthned n th8 ofthè audil. (Y oth•180 appea[5 to be rnat8nal Ifwe vjertify 5Lth Maletial it51?95r 4paretrt mal8rial nM5slatetn8nts, we are rèquired lo deterniine wlwher thisgwes rtse to a material misSeMen[ in finanaa sraterrEnts themsdvÈs. If, based on the ¥York we have perfor¢. we ¢L1e that thgrg is 4 malwial Frisstatww of thi5 inf411. weare requir to port that f3Ct Wè have ndning to report n Ihs W. ¥atteYs on thl¢h wo requ 10 rewi by excwio We have n(thing lo reFK>rt respect of thefdknvng maters in Ihe Charitie5 IArLwnts arKI Ryrtsl Regulat5 2008 iequwes u5 lo rEwl lo you rf. in (ytmon." Ihe infortnon gven In fi[lancl Slate[rts ISInuSTrtin any material respert wth the Trustees, rew( or rricwl cOuntil¥j records have kepL' the fan081 *tsments are rw)l in agr88m6nt re¢(Kds: tr V have not iecewed all theinf(wrnats atKJ we requreforoLraudit.
ORT UK INDEPENDENT AUDITOR'S REPORT{cop¥nNUEDI TO THE TRUSTEES OF ORT UK R•SpOnbIltI9S of Trustqes As ex Jained lulty the Stateof Trust. re5xbITtsS. Ihp Trustees. are a50 the direct5 gfthe Bharity for the purpose ofctynp#)y law, ¥re resKthsOk fw the [Keparab. ofthe fina1¥ stslements and for beiThJ $81isfied that ihey give a IruB ana lar vw. ano f(Y InrD¥i c¢ntrJ as Ttusiees Oeknt¥ne 1$ nBres58ry eatri8 ihF preparydlic ffian statements that a free fr(Mn malefi31 misstatement. "er (kne to trdud uror. In prepari the financL41 ¥ktetnents, the TSteeS are reSpOwe a5sessng the ClHty"5allty lo fAXrtnue a5 a g(xry C0M, di5dosing. as applicab, Tnattets rd81ed lo gc¥try cotKem u5g the g(4ng (wcern basLsofacQnITr9 urless the Trustees ether lend to IiiukYa ctsritsbk cLrnpanyor to ¢easeOFerh$. lyhave no reisD¢ temative bul b do so. Audlk¥rf5 re5pofbsibilllies for thp audit of Ihp financial 51atorn We have bwn appointed as audit under sectim 144 dthe Act 2011 aThl fewt n dcc(wdance ryth the Ad and levanl regulations tnade cr havw effect thereue[. rolectisES are to obln reasUwtrAeassurW abrAwhether th2ffinanrAa staiemw asa whrAe are free fvom matenal tnisslatetrbenl, whetherdue lofiaud orerTor. atKJ lo issue ato¢S rewxt that owrmon ReaS(Kb assuran"e a high lev81 ofa5sLTan bul a gu1 Ihal aLKlIl aduCIed n acco[dae ilh ISA5 IUKI will ahYay5 d81 a material misslatement when it exists. M65talements¢an frcth Iral crf aye tidered rn¥teri81 if. individually or In ¥ggrag¥ia, thÉy ¢oukJ rea$ctlY ¥) FIfil¢6 ihe ds¢isiorts ofusars taksn on basts these financ1 statement5. 8Xtèni tyjr proceduias ao capatts ord8ctirj IryLlaribgS. IdIv) fraud. is deialed tdow. We cn3LYed that the efflgagernenl learn ¢ol¢¢bvcty h•8 the Jppr¢FYwe ccrnpct¢nc¢. c4wbdities skills to Idtty c Igcognise w.lh arw1¢ab rejtsIKs. Th6 L 81 wulatK)ns apicaNe lo the charity were Jenlthed through diScussnS wthlNslees othEr maerr( a IrDm reA)MMeral knoge and exenCe of ORT UK. ofthese and rewtrI$. wel0sed M t1 Ih81 wtr CM$ered have a dired malw1 trffe¢t on ihè fin8m¥l Stan orltr opwaibjns ef iP charity. IrKaudFig Charib85 Aci 2011. cpanS Aci 2006, iaxabon lation. data protection. 3nti.bnbery. ti-rleyuTIknng. LynpknyTr1. enwrornental arKJ healh arKJ safety leSatn. Trt extent of cory11 wih these arc reguWiw5 MJentifEdatove wa5asse5sed Ihrwgh making enquire$ ol management and nspectiry IEgal C(KreSdefe. T KkntfE¥l kn and reculation5 %Yere CnThUcated ithin th8 3rt tearn rewL4rfy and Iheteatn r£Ynained akn lo CeS0f TrM-(X)tryAce th1wgrtthe au(S1. We aeSSed the SUSGeptiblity of the finatKial aterrts to metd obtainiry an undetstandng of VWJW fraud n9hiCt¢)Jr. by. mthng enqurs L4 Manment as lo tw cTh)sKlwed itrwe was gJSC8Ptii¥ktyto fraJ. tsir Kn09e of aclual. sUsCled alled fraud." consKlering Ihe inlemal contrds in to niliyalp ti5ks OffvaL and nOM)MrIce and régulètions." and understanding thp ol the GL¥npany6 tEtnui7etat To Sddress ihe risk of fraud through Trnajrnt 0¥¥e01(xtrc1s .. perforrned aal1Cal [edLeS lo IdEnbfy any unusLal UneXPted relation5hitB'. • lestaljournal entries to Idwlity unu1 trans15.. assessed whelherNJdgempnts atKJ a>>wnptKs IHde in detMIrrVj thp acc(xJntirrfJ estThales set oul n note 2 bvtrrè Ij]liVe gf bias." and • irréesbgaled the rath)n3 trthind or nLL41 transar1s. In reswnseto the nskot WreguLir1 arKI nrm-uThpare arKI reguktsons. wedwned which luded, but were not lirnited to". 8grow fn8nc$81 stalemènt dts¢hJsuves tts thdBrfyKKJ supr)ffj"w d0rAWnentalffi". • reading Ihe minutes ol mw*igs of ihcse ttwrged th govemartr.. enquiring of management as to adualand w>lentia I1bgaknd daims." and rewfvving ¢<Xresw颣 HMR¢ o)ttyany's IpJal
ORT UK INDEPENDENT AUDITOR'S REPORT{cop¥nNUEDI TO THE TRUSTEES OF ORT UK Trre are inherent Iimitsbons In Our art p(du$e¥a1trÉ aVe remvÈd that Ws arKI re9uiqtity)s are from firn81 transactiws. less Iikdy il B thal v WAd Ip3CryTE of ntAHxMnpfian Au¢thrNJ stand8r¢8 ¥80 liTrMI Ihg audit procecknres required lo laws rewL415 loerKwiryoI the diredor5 and otWr management and the irPeC0n ol regdaioiy and legal CoriespoM. ifany. mrSstsiefftents that ar6e due to frJd can be harder 10 detect th) thatartse ernras rnay Invo delbBrè coThalmentor collwon. A Ihrd&9¢rw1i0n ofow spO11S 1$ avalablo thè FinK?a Repmng CtyJn¢il'8 Y4th1t at.. https."1fv4WW tr¢.tr9.uklaudrtrsr8sw6iblil This forrr6 ofow avdiws T$ repm Is mad8 $olèly 10 chty.$ tsLtstees. as a b. li wth Parf 4 01 the Charits IAccoJnts and Reports) R181$ )08. 8u¢Jt work ha$ W uThleiiaken sc lha1 mw3hl SUleto the trustees rnattefs we are requyed to stale lo Ihern inan aLlIor'S rerxwi for tK>other pwx>se. To the fulst extent perrThtted by kaw. we do not accept or assume respSt111ty to anyertha Ihe thaity aNI the thartyskn51Bes a5 a W. for 0ralI wij lor Ihis rewrt. (Kforthe opinions we have li1d. PaulWoos•y FCCAIStrnitrStatultyy Audltorl For and on behalf of Grawta ALxYit11 Limited. slai1110ryrt ¢hered PLcaunlants Aldgate Tower 2 Leffl Str£el Lonijon E1 8FA 22 November2024 avita AJdit11 Limited is lyawintrn8nt aswOI(Y of ts ch¥ty by ¥rttofits IaprIn0tas audit 018 o)mpany urvjw 1212 of the C(¥mow¥es Act 21.
ORT UK STATEMENT OF FIPW4CIAL ACTivmES INCLUOING INCOME AND EXPENDITURE ACCO(WT FOR THE YEAR ENDED 31 DECEMBER 20rJ TfAal Unreslrfcted fund$ 2Q22 Restrfcted fvjnds 2022 Total 2023 2023 Income froffl= Donat and ga¢S Other tradiThJ actiyitss Investmenis 141.561 438.279 963.154 1.104.715 438.279 117.084 1.044,566 4(K>.n6 1.161.650 400.726 Totsl Incorne 581.4 3.154 1.544.554 517.gm 1.044,566 1.562.470 Expenthturè on.. Raising funds chtsb Vwli8S 364.(M13 1.164.020 327.984 2T2.613 327. 1.216.475 214.138 949.882 993,862 T•tsi •xp•nthiur 578.141 949.82 1.528.023 550.597 993,862 1.544.459 Net incorne and rnovement i funds 3259 13272 16.531 132.6931 ,704 18.011 R•¢on¢iliation of lund8'. Fund ba13rKes al l January 2023 165.lJ52 I(.104 271.156 197.745 55,4LVJ 253.145 Futwj balances at 31 Decomb 2023 168.311 119.376 287.687 165.052 1(6.104 271.156 ytalwronlimfinaal all gaIaj k)58es rwii58(l in Ihe ygar. Wl In)me experKllure deri¥8 fr(Yn conbwry artr1
ORT UK BALANCE SHE AS AT 31 DECEMBUI 2023 2023 2022 as restated Fixed assels Tangibl& assets 14 5,TTO 5.402 Cuyront a8Èats Debtors 15 4.911 2.084 48.892 268.009 Cash at bar and Fl h• 316.W1 CYoOltoYs: 8mow)tstsllln9 wIINn ono year 16 1115.0781 t curr•ntassets 281.917 265.754 Totsl aisets curnt liabilibes 287.687 271.156 Tho funds of the charity Reslricied funds UnrestFicied fuThJs 18 19 119.376 168.311 106.104 165.052 287,687 271.156 The etsnptny is entied 10 the exe[wKfrt¥rt thEéLwlit wIrcontntsd 477 ofthe ConwanEs Att 20C6, k)r ihe yoar 31 DBc8mber2023. aNTrKwh an a1 h35 b Catyj ouluth seu1iDn 144 oflhB CharibB5 AGt2011. directtrls 8ckn¢thtYt their reskKmsIMI ¥Mh th8 requw¥nents ofthe c(pansAtt2c6 respect t¢ 8c¢ounbry rtcot(Js and ptppatatyy) (4 fmarKJal staiwDenis. Tre mem h8¥e twt requi the ¢pY lo obtsin an audit of is fiyncial strwtsunder the TequiremS ofthe Companiesknl 2006. lorthe year In questw in acwdw 476. TrEse finalal slalErnents have prepad axold 7lhthe wuYi5i0Th5 apk4Kable to patIe5 subFGt ta the small t¢Mnwniès regin. Ihe financ1 ststeThnts wwe apwo¥ed by Twsleesffi 21 2024 Ms A Kurer Trustee Coryany regisirdtiov twJmber050W789 IEnyKl aThJ YlalBsl
ORT UK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flov from operntiny actltIeS Cash 9enerated frTrMil8bsothd bilowatKs 124.073 122.4511 Inve¥tin9 activiti0$ Pwch8se oftgILle fixed 3S5ets Inv£slment iKotne recei 11.5581 Not ¢4$h goneratodfrornllu$¢d Inl Inv¢¥tiry a¢Uvltlos Nèt Cash u6td IlnanciNJ 8th4e$ Net In¢r888ellde¢roa801 ID ¢8gh •qulval•rrts 124,015 123.5741 Cash Gash equiwdlents at twinrlng ofy 291.583 Cash and talh 4uiva•rts * end ofy 392.¢J84 2fj8.W9 10-
ORT UK
NOTE5 TO THE FINANCIAL STATEME15
FOR THE YEAR ENDED 31 DECEMBER 2023
Ac¢ount¥y polkios
Charfty lrform8tioii
ORT UK is a pnvaie ¢cYnpany lrnitsd ty guarante8 licoral¢ i) England wa$. re9tar¥d offica r& ORT
House. 147ArfingtfM Road. L(Thkn, 7Er.
1.1 A¢¢ountkng ¢orNgnt
The finanty¥l Stsleenis ha'ie been pryed in a¢crarKe Ihe th¥riVs Mern¢raThJurn * ArDcles of
ASS0¢4aiN)n. If thrnpaniesAct 2Tr. FRS 102 7he F8[1¥1 Sta[81 applcablF In the UK ana Repu1¢
ot Iland. I'FRS 102-1 and the CharitES SORP"Accry and Rewrbry by Charitses". Slateffenl of Rewmmended
Pre applicab tD cnaritses preparing thew aCcnts in %wth the FIclaI Rwrtng sta[ard apFAicable
In IheVK and RepLOIK IaTrd IFRS 1021" leff&lNe l JanLHry 20191. Th8 trI 15 a PLknlir 8enefil Entity as
defir by FRS 102.
The fin3naal stalets are wep3red $ir3. whKh is thp fLwthntil currencyofthe dwrity. Monetary8mounls
IhesefinancI slaletnen15 T[Jued lo n8aresl £.
The finaro81 statenEnts h¥Je pryel the o)stcwbQTr. The wncpal actwnliThJ poltyes
adoptsd are sel oul beknw.
1.2 Prior pevlod •rror
The thanty restated some the curparthe bae5 to better refieclthe spiiol exdirea(ordiry ts the nalure
ofthe Urertakell transth5. Thpte Impon the [rIeS oflhe USeDts tTthe.
1.3 Golng ctsncem
Al the time of apprwTrJ Ihe finaroal $tents. Twslees Iwe a 8$01801e epealK tral ch3iiy Ikds
adequate reSoUrS to conbnue in operatn31 existerKlQrIhe fOreseekn futtKe. Thus the TStee5 rmtinue to
adoptthè g)ing con¢wn basis of8¢(x)unbn9 in the fmanc4al siat#iients.
1.4 Charitable lunth
Unrestrithed fur$81& gena lU$that a avalab for LStr81th8 ttu8es' d¢tM w) fiJrfr8n( ofthè
obj8dNes ol th8 Charity.
Restrthd fthds¥e Ihose (Thtl in a PaxIL¥ ara frKspeufic pu. Ihe use ofwhth 1
Ihatarea or pww>se.
1.5 In¢om&
Incorne is reC
ORT UK NOTE5 TO THE FINANCIAL sTATEmEPs ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accourrtwy polklBs Icontinupdl 1.6 expendlture Expondilure 1$ rwnisod ¢? Ihtrr¥ 158 ty¢th$itlve Iransfereconomic b6n8frt loa third party, Il Is wthable tt a trdnsfer ol ecorKThK befftS be reqred in seknu amouNof the obluaban can be meawred r4K9bly. Expendilure Is by acbty. Thè (J)sts oieath acbvty We m•Je upoftr toial ofdirettcusts and shared co818. Indudino sw)port¢osts Invoiveo iry un(tskY¥ e&yi thry. costs attitwtAe 8 801ivW 8ie 8IIOC8ted direcly 1¢ I1 aclmty. Shar¢ costs ¢In>jIe lo than xbyrfy and ?uprtht ¢osl% are n attributab to a &ryle acti%ryty ¥e aptKxlioned betrween Ise altieS on a baS usiStenI 1th u5eol iesource5. Central Stsff costs are alk)¢ated Dn ttE ba$ of S[lL 8t dtwetiffi are alktsted M the portion ofthè a¥3el's use. Liabilkies are re5ls a5 astsre isa W Qrujnslrthe 0tion the thatity la the expditUre. Costs ofgeneraliry furnkare the u>5ts aSs(lated attrywntrry irKXThe. Grants payable are paymen15 fflade tothKd parties n Ihe furtherdrKe ofthe tharitth (ty"ectives. Supwrt ¢OSl Induds centra fvnthvj aThJ have artivity e8wrs cffj 8 Das co18tnt wlth lh8 use ofresour¢e& for eXame. kxatifig yotvtycos by firor ¥ea& (w per wla. stsff ctys by tyme spent a othercost5 by . GovewrKe c(EL5 casts ofthe exwnWthon olttrw 5lalLrtw(xJv1s, the costs dtrLTrtee meelngs and the wst ol any legal to Intee5 on >¥ee matters. 1.7 Tangibh fixed assets Tangib n¥eo assTS Inaty nwswed at c(6t and suteÉquentymtr4JrJ * C( orvaluauon, ne¢ ol de¢1411 and any impairnEnl losses. Depreaation is tÈCOgntsÈd $0 as 10 wilt valL0 of assets llif rÈ%duai values ovèr thèir usetul Iw8s on th¥ follthwffj bases". Long le85thold Improverrnts coryuterew1pEfit Fmtures. rrtbrvJs & PM Str3pJht lineo¥erthe terrn of the knse 25VJ redng t1are The or loss arising on Ihe di5tw)5al of an a55et dte[td as Ihe¢th1fere betEen fv Falp PmCBeds and Ihe carryno ¥alL of1 ass81. ar is re¢cwiwJ in activits. 1.8 Impawmont dfL4ed as86ts Al exh reportF)g end dale, Ihe Charityreews olits Ye assets detsfftrrt wheiher there IS Y FifjjcatTh that assets have SLthered w Imrnl w. It any suth iThthcats¢M) e$ts. reeoverJ) amount ol 85sel is eslimaw 10delwffti the exntofts inyirwl k)ss lrfany!. 1.9 Cash cash equlvaknis Cash ar cash ttwiYalÈnts Ir1& cash in harKI. dw&is W aicall barks. rAhei short-term liwNI inVèStmets wth maknwrfies dllY rrththsor $. b*ltoveryJrdfts. Barthoverdrats are 7th boTrov•iryS in ¢ent liabilibes. 12-
ORT UK NOTE5 TO THE FINANCIAL sTATEmEPs ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accourrtwy polklBs Icontinupdl 1.10 Flnanclal knstwments The d)arity has to apr4y If prow$$ of se¢b 118ag¢ FviafyI InstDth?nts' Se¢bon 12'0th)8r Financi31 Instrjrnents Issues. of FRS 102 to al of ts inStrUrttr. Financial inStru[atsare rw&sed ID the tIS bElat Ste[h8O IhB drity b[5 party lo the(xnlrathJa provtsw)nsofthe Irurrnt Financial assetsand Saknlil offs•. Vdilh the t annts tY8S8nte¢ the fina $tat8ments. when ihere Is a Ialfv enloir£able nghtto set off the reCognd arKxJnts there is Inten 10 seiueijna net bas orto realise ihÈ asset and sÈtUe Ihe liablty Basic •55ets Ba5financlI assets. irtlude debltys ¢3sh ban4 baL4rw. we inmaly Measu 81 tr¢1)n price Induding Irans8ctyw costs and are Seenty¢8rne¢1 at 8wb5ed u61 tre effective bileresl method Unless Ihe ardWe[n1s1Utea t511(. vlhere ts tranSart rneasured al thB wesent Yalu8 ofth8 future receipts dsumjnted a a maTket tale of iniete. FinarK¥èl assets ¢L%ssffied 89 rec¥Vab wthin onè yearart not arnO$ed. Baslc fjnanclal Ilabilllies BasK financial liabiliies. trade otr[Y3bIes. are initialty wntsed altransaOn pr urlessthe 8rrarwemenl ¢oDsblutesa finanuro tsre tre debt Iument E measured althe present vue of the fviure receipts dsc(xJnted al a rnarket raie of InteresL DBbt inslrutnenls¥e 5ubsequenUy at arnottsed cos( using the effectise Intwe5r rate metPxxL Trade pay8t4es 8 L[gatK8 to pay or s•vicw thai hav8 Lw) 8¢ou1 In Ih8£xdnary course c+ operaions frun supplers. AcCots pwAe are da55rf a5currenl [abIrtS rf payment is due 1th one year or less. N mi. they artr westhted as mn-currtnt 1th1S. Tradp payth are Cryne initlat transartn price ar DeT&ggnilNon of fin8rti¥lhabilifres Financi81 liabile$ artr dsr8wwisad then ch8rity8 ¢thWUal 8xpw8 ty are dI8<bar9 or w¢alW. 1.11 Emwoyee benefits The CDSI of any unused enlitknl is rec{gn ITr per Ihe ewyeeSwi81e te1Vert Termwwtion benefits are reCOgned YNIale1ya& an expense wthen charity e[rtr c(XrWni to teMinaie en¥d¢)w(ni rrfan empk)yee tts provth ierniFIKyi t¢ffi$ 1.12 Retirement benefits Payw7ts ID defmed ¢rrtk)n rwirement ttnefil SChÈffesa charpl as an exrwe as Iheyfo11 due. 1.13 Fore(qrb exchangp Transin$ in (Ur¢ otFw than routth stethNJ rKoTdwY ai tales L*eAdge prqyarfiw 81 th8 d81e¥of Ihe Iransactons At ekn rep(Ybry end date. assets arKI li3111"eS Ihat are den(xninaled in fcjreitn currene5 arp ret[anated at the rates prevailng on reFuty e1 dale. Ga5 k)sses an5ing tranabo In the ped are inclLYJed in orj$S 13-
ORT UK NOTE5 TO THE FINANCIAL sTATEmEPs ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Crttlcal accourrflng •stirns and judwerts In Ihe aptyicabon oflhe dwrity's acc(xntw wlKies. the Teeare rtyuir&l to Judgernents. estirnates at assumptth)ns aut the carrying arrtofa5Sets &ablths that are not realy aPpent from Otherrs. Th2 8slThate$ arKI assock41ed asswtylK)ns¥e based on histoti£a eKperierLE and other factors that are ConSered to b8 rdevgni. Aciual regJtts MaYdrf fromtheesb"rth•ts> The tiMate5 Undery aSSpt0nS are rev• on an otVMtwJ s. Revisions to accounting esknmates are remgni5ed in the Per in wFwch the e5Mate i5 [PSed th2 rev affect5 Dnly Ihat P(1. Di in the PEriod t the reVisn arKI fulure pet5 where the affe(ts tx)th cutrenlarwj firture peri(xls. Managernenl do tMslertheIe to be any rnate1k wdgefflents eSInbon and uncetsvty requirry di£closure. kncorn• from doThlons and legaclBs TtA•I Unrèstrithd RÈstrfcièd lund$ funds 2022 2D22 Total 23 2023 2023 D0natk?r$ar gi75 Leg8ries 115.8TI W.154 1.079.031 25.6B4 93.982 23.10? 1.<M4,586 1.138.548 23.102 141.561 3.154 1.104.715 117.084 1.lJ44,566 1.161.650 ¢ome from oth•rtradkn9 Unrestrlcted Unre$trl¢ted funds nd5 2023 Fundraising events 438.279 400.r26 unStrICted Unrestsict fuThJ5 lunds 2Q23 Intert rei¥3E 14-
ORT UK NOTE5 TO THE FINANCIAL sTATEmEPs ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Exp•Trdlture on ralsing funds un&tricd un&triCt#d funds nds 2023 Costs of yneraiimg I#1$ Slaging lundrasng etS Advertiwr¥ staff Costs Surport 100.856 110.391 26.9 169.770 21.814 203.959 24.244 3eA.IKJ3 327.984 Experndltsjre on charllableadvllles JUMP ORT Tctsl JUMP prole¢ts ORT Tot41 23 2023 2022 2022 Dlrect¢o*s SLHft wsts Depre¢ialK)n and Imparrnenl Subvenlior Olhercos 131.175 131.175 87.320 87.320 8.072 8.072 956.578 146.W 976.551 976.551 31.772 956,S78 31772 146.964 164137 976.551 1.140.688 242.356 956,578 1.198.934 Shar¢ of support and governance costs15eB note 81 Support 3257 J075 3.257 20.075 17.541 17.541 187469 )76,$51 1.164.020 259.897 95e,578 1,216.475 Anatysis by fund UnrestrKted Rastrthd fLrds 164.137 23.3Y2 50.001 926.5x1 214.138 949.882 191.38S 68.512 31,228 925,350 222.613 993.862 187469 976.551 1.164.020 259.897 956,578 1.216.475 15-
ORT UK NOTE5 TO THE FINANCIAL sTATEmEPs ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Suppart costs allocated toactivltl•s 2023 2022 Operatin9 le8se theS othwsiaft ())sts IT Software a1 tsswnabbs Bank charges Trav Insurance Posl&Jg & Coufftr Gen ExPSeS Moble Tere sf[ Ira)ing G0vemae cosls 1.974 1283 14.4YJ 1.140 2.120 2.614 1.080 4.280 2,667 5.926 920 2.723 2.7 1.588 2 2.fj65 18.935 59 17.541 47.576 39.355 Aftaty8ed boThve&n'. Fundraising JUMP pr9ts 24244 23.332 21.814 17.541 47.576 39.355 2023 2022 Governancp costs compv15e'. Auditfe Accounta 132) 5.735 10.800 6.741 18.935 17.541 Net movernerrt furK15 2023 2022 The nel rMvementin fL5 ts slated after thargiwllue(suryI'. Fees payable for heaL cl knechariW5 fffiarKial ¥athents D?preciabon of langtle fixe(l assets Los5 on disposal of tan9b fixed assets Operatg ase charyes 132 1.19) 10. 8.072 4.280 1.974 10 Audilofg remuneration Faes payable iothe d)¥rityaLjltcr ass0.. 2023 2022 Foroudrl ser¥i Art ofthÈ finarKJal slater)ts ofthe ch*ty 13.2 10.800 16-
ORT UK NOTE5 TO THE FINANCIAL sTATEmEPs ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 TruslB•s Noneofts TnAstees lor any perS(SU)nneded %•ilh them) re(x¥Yd any reThUneraturiry the year. butone of them was reirrbursed a tola of£727 IraVr0 expen5e512022. t nll. 12 The erage rnOmNy of duriro tre year 8s.' 2023 Nwnber Number Adtninistsab'on 2023 Wages and salas Sock?1 securiiy costs othern$Tr Costs 295.730 23.666 15.738 234.943 15.348 6.799 335.134 257.( The numberof emlloyees whose anwal remunerakn was nkye than t60.IMY) is J5 2023 Nthnber Number £80.000- £.(J0 Conlnbubcmts irt¥Jliro £5.42fi12072" £5.137) wÈrètt¥dè Its stthÈmÈ& tsn bÈhaKtsl 8mpWes whose wndumwis excewj £60.rxio The renyJn8rathx ofk8y rn8nagenxMp8rsNn4 was a$fol. 2023 Aggr6gato tsjwrtsaikj) 87.936 78.852 13 Taxation The tharity is exeryt fromlaxalion ils acbvibe5 be(xu5e al its in(xxne apfOr charitable pwFx)5es 17-
ORT UK NOTE5 TO THE FINANCIAL sTATEmEPs ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Tanglbkt nxgd ass•ts C05t Al 1 J8rvJ8ry Z5 Additb)ns 11.819 T97 17.Z20 1.558 1.558 At 31 02(r23 11.819 6.162 797 18,778 Dgpr4¢laOon and Impalrrngn¢ At 1 jaary 2023 DepKeciabon thei9ed in Iyear 11.818 11.81B 1.190 991 At 31 Oeceroer 21Y23 11.818 991 199 13.0)8 Carrying amowt At 31 Decerther 2023 5.171 5.710 At 31 0enr2022 797 5.402 15 Debtrf5 2023 2022 Arnount5 falllng due wbthin one yex. OtherdÈbto Prep8ym$mts and irL 3.721 1.1 47.755 1.137 4.911 48.892 16 CreditOf5'. amounts fallingthRwithin one yeai 2023 2022 Trade creditors 2234 83.446 29.398 7.437 36.053 7.657 Other¢(S Acuuals and deferred irwT 115,078 51.147 17 Retlrement benefit sch2rnÈs 2023 2022 flmd ¢otthlbutfjon Chatg&to profil or It in respÈCtddefjd ¢(xiiribubon Se$ 15.738 18-
ORT UK NOTE5 TO THE FINANCIAL sTATEmEPs ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Rotlr•ment benefit SGhern Icontinupdl The chanty operates a derWd pet schEme ftyall 9ualrfyry err¥W. The as5eisoflhe scheTh ae hekl syatetylrom Ihose ol the chaity n arl ifKleputtnty admLstered fimd. 18 Restiithedluni15 The reslncled funds oflhe th8rty ¢wpriseihe urexF b3nOrCS3nd grantshdd on tnjst subject to SPBafir curyjllS by¢knC¥3 as ID h1 IhBy bF Ltseo. At 1 Januxy 2023 IncomlTrg Resource&4t Jl December 2023 I.104 3.154 1949 8821 119.376 Previtius year.. At 1 Januxy IncowAng Resource&41 31 December eypondod 2022 55.4 1.044,566 1993.8621 106.104 The Lffftstricted fund5 of the (kntycunwse theunexp8tKl&l baIa0fdonallDllS a[ grdnts which are rntsubit IU Lutidi£mLs by oltKI Wdtittrls lti Itwy u¥ed. itdude des1yridt fuiids w1111 li been set a$e oui of un$b)cted furxts by the trusiees PLryses. At l Januay 2023 IncomlThg Resources4t 31 DEcember expendsd 2023 Gen fu8 165.OY2 581.4 1578.1411 168.311 P¥)US year.. At 1 Januy In¢LNThThg Re$ourt8sAt 31 De¢ember 2022 r¢$05 •xpgnd•d 2022 ts9nw funds 197.745 517,gM {59).5971 165. 19-
ORT UK NOTE5 TO THE FINANCIAL sTATEmEPs ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Anatysls of ngtassets b9tn funds Total 2023 2023 2023 At 31 0ecember2023: Tangib as5els Current assets111H1thesI 5.770 281.917 162.541 119.376 168.311 119,376 287.687 To1 2022 2022 2022 At 31 December2022: Tarvjlb assets Current assets111H1thesI 5.402 159.6 5.402 26S.754 165.052 1(6.104 271.156 21 Relateil pa transactkffis Transa¢tlons h rglatgd rti5 Dunng the yearthe tharity entErEd into thE IdkTNVJ rdaied partss." SubN•rtion8. Exp8rtd•d Fundlng 2023 2023 2022 Entr.Ib8 Wrth c(mlr¢y. joini eonirtl >ynth¢nt Influsnco ovw the cfynpany Otherrdaled parbe5 976.5SI 31.4 956.578 39.205 976.550 956.578 1.(KW.O(M) 995.7e3 956.578 During the ye Lne charity pathpaied proe(ts7Mth w(d ORT-a t18 (Mganisèf(M) wfwjse Twste8s ale also Tnjsieesof ihe (#18rity. The subvEntions (Funthryl rekbon lo that tal¢d £976.59J12022.. £,5781 and subYenlhy)s lEndJ ware £976.55012022". £956.5181 During the you, tho thaity recl¥ed £31.4 12022.. £39.2051 os dOn0t5tc1irtsfroM Ihe trLStecs. This amount exclud8s any pws.
ORT UK NOTE5 TO THE FINANCIAL sTATEmEPs ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 RolatBd party tra115action5 Icontinupdl The frAIng anKxm15 (xltslW 3llhe re.g enddate.. Amwnts I)d to r•l•t•d parties 2023 2022 Entities with rxmlrd. joint contrrA ar signfficam In11LEn over £panY 82.827 21.407 82.827 21.407 Amounts due lo rdatsd parles [WeIlrrOnt ba[e5 to Workl ORT in rdakn to recharged exppnse5. 22 C88h gon¥rnt•d fromllabsothd byl opu8tio 2023 2022 sUu$ fo-IhB year 16.$31 18.011 Adlustmgnts for. Invesknenl irKotne iecogt¥sed In SlateTh h¥le5 Depreciabon )d inN)airmènt ottangth fixed assèts 11,5601 1.19) 8.190 hlovements in orking ¢aphal: Decreasellincreasel n debtors IrKrè88elldeu&asel in c¥edlrYs 43.981 63.931 142.9481 15.6101 Cash 9eneRted fromllabsL*W byl 124,073 122.4511 21
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