Charlty 1p015trat￿ nurnb•r1105254 lETrY￿Trd aTrd Wal•sl Company roylstrntlon numbèr 050￿789 ORTUK ANNLIAL REPORT AND FINANCIAL STATEMENTS FOR THÉ YEAR ENDEO 31 DECÉMBER 2023 ORT UK LEGAL AND ADMINISTRATIVE INFORAiAT1014 M5 A Kts￿r C PAartdi D Rerhokl Ms A C(then B ¥Veb B Encna*5 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 ￿n￿al$l￿1é￿nts 11. 21 ORT UK TRUSTEES, REPORT IINCLLItING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2023 Tre Trustees [￿nI the* annu81 rerth ar￿fina￿l ￿ementsf￿ the yearty￿ed 31 tkrsntEr2023. The finanaal stalefflenis have been prepared in th2 accountiry ￿KieS set (xrt 1 to the finan￿al ststements and comply with Ihe charity'5 Klerniandum arKI All￿01A5￿￿￿jn dated Isl April 2004. the Companies Act 006 *d'knuntirvJ and Rep￿trg by Chatibes. sts(e￿￿ ofReciMnmetKJed PractKX lo tharities w8pamg •r accounts wi a¢¢ord*¢e the Finarwial RewtiNJ sialw￿d 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 ann￿llY ￿1h the $￿IL8 thèy￿*￿ to e¢omrN(*ly ind8wd8nt 8nd freè frtm Ihe n6trd charty ihe lfy)g term. chanly pnmardy uffldertak8s Ihw (Kg8nEatK￿ of eywts. the malchmg ofin18rasW donors wlh relevanl W(Yld ORT projects ar1>u￿1 Ihe arKI thrixty Ihe edu¢xlK>n ofBrtth dtTh)rs regardng ORT its wort. As part ofits invdv$ment in th8 ￿1 ccmwwJnity in Lhe UK. ORT•*abh"sW (%tT- JUMP. a prcgramme fc pu￿lS In Year 12. Public tsen&ft Trns￿$ have ttsvj duF r¥ja￿ 10 isgJed by tha Char*y Cc¥nmtstsvM in d*¢￿Ilr￿) what 8caTvdrdS thB ¢haiity should ￿￿leNake. Achievefflents and performance si9nirK8ftt8div￿￿S 8nd•cAtsvern6ni$8gawW 2023's fundrasiry effiY15 were focused on w￿ld ORT FYi4eLts in lyad the in Ukraine. 35wdl as supwrtsn9 ORT UK'S operabon* activthes in UK. Scme of these lThY￿e.. KlarSllv8r Youth VI1￿9•- ORT UK è mU￿._Y￿￿￿1th*7dQ c8mpai9n kn uKy&1e refuthsh the yrxjth ￿lL89Q SlLK18ni camws In Kfar Silver Ashkelon, Israel. SubslantHI resiided haye been r￿e1ved. from British dcnor5 I fir51 tthase 15 COtnpletewTthI a g[[}￿ ￿ the stLYJent tKNJy. T￿ ptDFd 15 expectsd lo lasltm) nK)re years, art on comrleted the kvel of Eslri(*d dowk)r6 to ORT UK isexpetted io drop. students Al Rlsk In Israo1- ihB progianvne*s*s Und￿￿V1e9ed thldren In Worbj ORT4ffdlaied s(*th* Alar9e number ofthe stL￿￿t$ cixne fri)rn b￿oundS. YAh P￿t$ are ether Lre[n￿Dyed or underetnployéd. Other children experiEnce farnily I￿5￿5 thal have dNupteil h￿Jse*K>￿ InE(xNe. 5uth as the death or 5erK)U5 illne55 of a relalwe. In 8ddilion. QRT UK ha$ fwssed on fU￿raIsIr@ Kf¥ Sd¥v ywth wli3ge suppth.ry le¢hThYogy edLrath)n as well a5 lh8 [en(￿ation af dassr(KJm5 and Sci￿￿ laI￿a)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 t*0￿e parb-ltkte in h￿d5-0￿ urses on iopK$ suth as aertsspa￿. phy5fS. twe[￿1($. arthileciutp. f￿d ￿gInEering and p)boti¢8. Located in mullirle verrtjes Ihiou9hout Israd jSLK* as ￿ryatyam, DiwKJno, lfjryat Gat JeruS￿e￿I the Centr% cater to ￿InstreaM Jèwlsh. Pbrédi Arab ctyMwnitleS gviig Isradi youth Ive f¥frrM)) the8¢(#￿¢. oJMur81 academk csntra ofthe county access to worfd or*19 WOetTrG. Fwiy. y￿ cQnimu￿j oxpaTrJ tyjr presence on social MP¢￿ and enhance PR and messagng. Financial rtvievi Thp charity's 3L*vths kn the ye￿are presenied in ts all￿ fin￿(apj Stat￿lS whth St￿ a npt leXperHJitUre￿ir￿A)The lor the yearolE16,73012022". £18.0111 The restrici&I l￿d5 ai 31 Decem￿ 2023 £119,37612022." £106.1041 ¥*J unrFsthctsd furth £168.510la)22". £165.0521. R858ry95 It is Ihe pnlicy oflhe ch4rity Ihal ￿￿￿tricted have fkil des¥naled for a specifr. nrmlty be Main￿Ined at ¥ level equvalenl lo 6- 12 Nthh's experKSture. The Tit￿lee$ eon*rs thal reserves al this level wll ensure ihal. n the ovenl of 8 s￿￿rICant in Fund￿9. tsy be *le to continue tre chantyscurrent acb"vibps while COns￿eratiOn 15 gnien lDyfd￿ in ￿lIM￿al*JrNls maybe ra￿1. Al 31 December 2023. the ￿n￿sInC1ed f￿￿ls￿re £168.311 120Z2.. £165.052lwl¥ch arry￿nIe￿ lo 3.? m￿￿01 (ywaling expenditure This is in line our reserves poScy. prinopa fu￿]Ing sour￿5 For tredwrity are (wrrenlly byway ofretr￿ed r￿￿veStow￿bk the tharity lwm¥s. as￿￿1 ast￿ BxP8nSi￿ otlht Mentoring Fr￿Jra￿Me. with thar&s 10 Ihe Wchl FwTrda1h￿. SytAI Shire and KC Shasha Chaniable Tru* who contsnue to SUPWrt U5 ￿ this area. Funérai5fj19 Annual Chnntr r6yMans wr main lurthslig ￿[￿tY and *so hired a Tr￿Sts & (>anLS FuDdr81sing MarvJerwho will woritse kndraising forover5ea5 propds. crythrmr¥J ourCyn￿itffl￿rt to raise lurKls ts Woyld ORT. GovenJanGe We have made the de05￿n lo de¥eWtxn govern￿ * fffl8r￿e prctesses ￿ gi*e us wler Indepwdence and red how much we rely on Vlorkt ORT vJlKk have tYeYK)usly prOVK￿ thisareas Structure. govemance and rnana9mnt The charity 15 a company limited try warantee IND S￿789)￿veMed by it5 memO￿u￿ arKI Art￿e& ofAs5ouatK)n dated l$1 April 2004. It is w6tered as a ch*ty Ch*)tyConmnW￿ (No 11052541. ORT UK TRUSTEES, REPORT IINCLLItING DIRECTORS. REPORD IcoKllNUED FOR THE YEAR ENDED 31 DECEMBER 2023 Tre Trustees. who a￿4$0 Ihe d*ett￿$ for ts puwofcoffpary W. aThJ $￿e￿ duriry Ihe year ar￿ up to Ihè daÈ of sign8tureol the stalemwls vJgr8'. r S J AtrErg8 Mr$ ftos￿n M(Yrls Mry Lin8ntrerg Mr A J Reeback MrYTal s A Kuier sCM*g1 Ms L Calzon Mr D Reinhold Ms A Cithen Ms B We￿[ s B Enandle5 Ms N Segal Mrs C Gold Mr￿G(￿ Ms L Daw$ Mr N Reid {Re￿g￿ 23 JOnu￿2024l (Re￿￿ 1 Apri 20241 IResigw 1 Marth 2D241 IRwned 4 July 20241 IRwned 1 Auw5t 2D231 (Reg9n￿ 12 Seplember 2023 (Atvmnted 15￿11 %)241 IAwxxnted 15WI 2)241 IAkyMnted 15 IAtwnled 15 a)241 {A￿￿n￿d 15 WI 3Y241 IAwxxtrted 15￿1 I)241 R6¢nNimeniand8ppoiNmeni otlpuslees As setoul the ArbC￿￿QfAsS0c￿itr￿￿. Ihp ffi￿t Tru5tees*Ere those rKjtrf￿ to fr￿se ￿ itYA>rwation ofthe eharity. Th&Tm$teos may *wnt8ny pers£￿ io 8(18s 8 Twsi* 8ThJ thB Tfttste8¥ shal Th)t cc*)*$l ofle$¥ an 7 perso￿￿. None ol IheTru9tse9 h3swy Wefrral intwest charty. Ml TtU51ges n￿nI)erS Oftt￿ ¢h8rity and gu8wiee to (x)ntribule £10 in the eventof a wnditwJ up. Org4nis8tsfy78istswttsr& T￿stee$ 8dminisi¥ ihe c*aTty ¢h) an oryyrv) TrÈTru8iees typ￿4•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 unfid￿t that sufficient prcttsses are in plxe 10 Identity rdaied parties¥￿ reptsrtany transxtiws with a5 ￿ 8ppr(yn8te. $tatsment of Tvustqes. r•spon5kniktsp5 T1￿ TIusi¥¥¥. wliv UIET dii¥ilwb ￿(MIT UK Uw3 wiwts¥ vf(XNm￿Y i*w. 1¥$F¥)(tyt)￿ Ir)[ p1vpar￿9 Trustees, Rep￿ and the tinancK41 staterr￿ts ￿ acc1Xd￿ ar.￿le* ar￿ Unrted Kingjorn Accowtyw Standard5 IuniiÈd Kirwom GenwaltyAt¢4rted Pr&a*el. Company I￿ r8quif8$ lh8 T￿ts*$ to prepare r￿9r￿181 51alen￿ts fu exh f￿¥r￿JaI ye8r*hth gN8 8 true f8if of the state ol atrairs ol tscharity and ofihe incryning resowces arKI ol resourc•5, indudiw the Ir￿Orre 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 ￿eth￿Sand prinu Jes in the (>arlI￿ SORP". - makeiudgernenls and eSti￿t&s1hat are rea50n*le and p￿￿ent. . State wh8ther applicab￿ UKAcvJuntirvJ SL￿da￿d5 hawe folKV4￿J. 5uW to any r￿a￿al rknrtwes dr&cb&ed and explained In Ihe finw¢k￿ siatenwts.. and - Fware Ihg financwl statenwts goro ¢wcwn bggs ￿5$ it is y￿p￿ry￿al* 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 $1 any lime ihe financi41 po￿ti￿ ofthe ena¥e th￿ lo Ihal the fnanoal *alwents wth tlYJ ConyaThes Acl 2006. Thpy are also respons1t￿e for safe9￿￿￿￿ the assets oflhe charity arNI h2￿￿ fortaknrvJ rea￿nab￿ 5tep5 for the prevenbon deieGbon of fra￿1 Olher iwe9kA8rit*s Trt Trustees are responsitrAe forthe maintenarte integrity afthe chaity and fmantyal informauon induded on the charity's wewte. Legislatim Vtmled thgthm 9ovetnitMJ the weparalw and dt￿fftnaton offnanua 51alemwts may (tifferfrun legSlati(￿ in otherjuri5thctK￿S. Tru$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 thefi￿anc￿l stateTnerrtS t5[ ORT UK lttp'thrTty'IfiNthE ye￿eT￿led 31 DecErnber 2023 which cutnprise Ihe $18tement Offin￿¢￿Al thilies. Ihe b¥1￿ thel. the si*enw ofcash fk)¥*Eand notes 10 Ihe finar￿￿1 st8iewts. luding svwifK8nl aotsunbrwJ Tre DancJai rerNhrvJ fra[r￿W)rk Ihalh8$ bBFn ap￿1￿0 in piep8tsbOn is ap￿icab￿ law and United Acujunbng S￿￿3rd5. I￿￿11r￿j Fkiarb&al Rep￿tiry Standard 102 The Finan￿al Reporting SlandatdapplK3ble irj Ihe UKaNK1RepUN￿l￿1￿lafitt{U￿le￿ Gwera1YAwt￿ Ac(yjUnt￿g Practi￿1. 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 $r￿e￿." have bew pr(werfy pre￿￿ in acC￿￿n￿wnth United Kiwn Genudty A(x*ed Pract￿. and have been in reouinnentsofthe Comoan*s Act 2(Kfj. Basls foroplnlon We conthcted OLJr aud* in accor￿￿ w￿￿ IN￿n￿1￿M￿Sta￿a[dS on Au(*tiry IUKI IISAS IUKlland appkncable law. Our resporNbliiEs wder Ih05e starKlard5 ￿e furher deS￿l￿d in re4MKJFJtsMyes ffoTfhBaiJLlitofShg ￿n&￿GIal siaiemeni$ section ofar report. We are I￿￿e￿ent oflhe chanty li *ith the ethical reQ￿r￿Ents thai are tsleY¥nl 1¢ cur aLQil ofihe rna￿81 Slate[￿nts in ihe UK. I￿j￿j￿9 thE FRC'S EthKsl si*d8ttJ. and have fufilled cdJr Iher eltieal responsibilities in ac(￿rdan￿ Wih I￿*se requirements. We Ihalthe audit eviden￿ we haveoblained 15 ¥ufficienl approwale to proV￿e a basLS f￿9￿r oplw. ConcluslDns relatlng to golng concern In auditing the finanthal $t8i&ment8. we have ¢c*￿j08dthat T￿￿tee$, USB of the goirry contem ba$S￿8¢tountiTh9 in the prep8rath)n of the [￿ar￿al StsI￿entS appts)￿1*e. Based on YA>rk ￿￿ have performed. V￿ ha￿ not ￿entifIed ￿Y r￿ter1* U[￿erta￿tIes rdatirvj to events or cOnditi￿S that. d￿IdualY NixAlecbYdy, Thay casl doubt ￿ the C￿ty'saLI1ty to Cont￿￿e a5a wing Goncetn a period oral sttsYdvÈrnonthsfi(rn when Ir* finantiai auth(wisÈd ￿ri$￿è. I￿r respon%biliies and the res￿￿bIll*S olthe TrUst￿S￿l1h resFeLttogxry ae described in the re￿vant $ect￿nS of this repLYt. O¢hor informa¢igTh TFE other lrrfurtna1￿n t1￿ Inf￿￿31￿) I[KIL￿ed ￿ the rE￿rf other the statemEnts and eur 8udilo¢s repcrt thereon. The Truskes are resrnywNe fu the otrw n[c￿mat￿￿ 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 Ottr￿r Infor￿￿t￿ is matsrially1n)￿jS￿￿I with Ihe financ￿￿ ststaments or (wr krThl*J9a cthned n th8 ofthè audil. (Y oth•￿180 appea[5 to be rnat8nal￿ Ifwe vjertify 5Lth Maletial it￿￿51￿￿?95￿r 4paretrt mal8rial nM5slatetn8nts, we are rèquired lo deterniine wlwher thisgwes rtse to a material misS￿eMen[ in finanaa sraterrEnts themsdvÈs. If, based on the ¥York we have perfor￿¢. we ¢￿￿L￿1e that thgrg is 4 malwial Frisstatww* of thi5 inf￿￿411￿. 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 Regulat￿￿5 2008 iequwes u5 lo rEw￿l lo you rf. in (ytmon." Ihe infortn*on gven In fi[lanc￿l Slate[r￿ts ISInu￿S￿￿Trtin any material respert wth the Trustees, rew( or rricwl ￿cOuntil¥j records have kepL' the f￿an081 **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•SpOn￿bIltI9S of Trustqes As ex Jained lulty ￿ the State￿￿of Trust￿. re5￿x￿bITtsS. Ihp Trustees. are a50 the direct￿5 gfthe Bharity for the purpose ofctynp#)y law, ¥re resKthsOk fw the [Keparab.￿ ofthe fina￿1¥ stslements and for beiThJ $81isfied that ihey give a IruB ana lar vw. ano f(Y In*rD¥i c¢ntrJ as Ttusiees Oeknt¥ne 1$ nBres58ry ￿e￿atri8 ihF preparydlic ffi￿an￿￿ statements that a￿ free fr(Mn malefi31 misstatement. ￿"￿er (kne to trdud ￿ uror. In prepari￿ the financL41 ¥ktetnents, the T￿SteeS are reSpOw￿e a5sessng the ClHty"5a￿llty lo fAXrtnue a5 a g(xry C0￿M, di5dosing. as applicab￿, Tnattets rd81ed lo gc¥try cotKem u5￿g the g(4ng (wcern basLsofacQ￿nITr9 urless the Trustees ether lend to IiiukYa* ctsritsbk cLrnpanyor to ¢easeOFer*h￿$. lyhave no re*isD¢ *temative bul b do so. Audlk¥rf5 re5pofbsibilllies for thp audit of Ihp financial 51atorn We have bwn appointed as audit￿ under sectim 144 dthe Act 2011 aThl fewt n dcc(wdance ￿ryth the Ad and levanl regulations tnade cr havw effect thereu￿e[. rolectisES are to obl￿n reasUwtrAeassurW￿ abrA￿whether th2ffinanrAa staiemw asa whrAe are free fvom matenal tnisslatetrbenl, whetherdue lofiaud orerTor. atKJ lo issue a￿*to¢S rewxt that owrmon ReaS(K￿b￿ assuran"e a high lev81 ofa5sLTan￿ bul a gu￿￿1￿ Ihal ￿ aLKlIl a￿duCIed n acco[da￿e *ilh ISA5 IUKI will ahYay5 d8￿1 a material misslatement when it exists. M65talements¢an frcth Iral￿ crf aye ti￿dered rn¥teri81 if. individually or In ¥ggrag¥ia, thÉy ¢oukJ rea$c￿tlY ¥) FIfil￿¢6 ihe ds¢isiorts ofusars taksn on basts these financ￿1 statement5. 8Xtèni tyjr proceduias ao capatts ord8￿ctir￿j IryLlaribgS. I￿￿dI￿v) fraud. is deialed tdow. We cn3LYed that the efflgagernenl learn ¢ol¢¢bvcty h•8 the Jppr¢FYwe ccrnpct¢nc¢. c4wbdities skills to Id￿tty c Igcognise w.lh arw1¢ab￿ rejtsIK￿s. Th6 L￿￿ 8￿1 wulatK)ns ap￿icaNe lo the charity were Jenlthed through diScuss￿nS wthlNslees othEr ma￿err￿( a￿ IrDm ￿reA)MMer￿al kno￿￿￿ge and ex￿￿enCe of ORT UK. ofthese and rew￿￿trI$. wel0￿sed M t1￿ Ih81 wtr CM$￿ered have a dired malw￿1 trffe¢t on ihè fin8m¥l Sta￿￿n￿ orltr* opwaibjns ef iP* charity. IrKaudFig Charib85 Aci 2011. c￿￿pan*S Aci 2006, iaxabon lation. data protection. 3nti.bnbery. ￿ti-r￿ley￿uTIknng. LynpknyTr￿1. enwror*nental arKJ healh arKJ safety leS￿at￿n. Trt extent of cory11￿￿ wih these arc reguWiw5 MJentifEdatove wa5asse5sed Ihrwgh making enquire$ ol management and nspectiry IEgal C(KreS￿def￿e. T￿￿ KkntfE¥l kn and reculation5 %Yere C￿nThU￿cated *ithin th8 3￿rt tearn rewL4rfy and Iheteatn r£Ynained akn lo ￿￿CeS0f TrM-(X)tryA￿ce th1wg￿rtthe au(S1. We a￿eSSed the SUSGeptiblity of the finatKial *aterr￿ts to m*etd obtainiry an undetstandng of VWJW fraud n9hiCt¢)Jr. by. mthng enqur*s L4 Man￿ment as lo tw cTh)sKlwed itrwe was gJSC8Ptii¥ktyto fra￿J. tsir Kn￿￿09e of aclual. sUs￿Cled all￿ed fraud." consKlering Ihe inlemal contrds in to niliyalp ti5ks OffvaL￿ and nOM)M￿￿rIce and régulètions." and understanding thp ol the GL¥npany6 tEtnui7etat￿ To Sddress ihe risk of fraud through Tr￿naj￿rnt 0¥¥￿e01(x￿trc1s ￿.. perforrned a￿al￿1Cal [￿￿edL￿eS lo IdEnbfy any unusLal UneXP￿ted relation5hitB'. • lestaljournal entries to Idwlity unu￿1 trans￿1￿￿5.. assessed whelherNJdgempnts atKJ a>>wnptK￿s IHde in det￿MIr￿rVj thp acc(xJntirrfJ estThales set oul n note 2 bvtrrè I￿j￿]liVe gf bias." and • irréesbgaled the rath)n3￿ trthind or ￿nLL4￿1 transar1*￿s. In reswnseto the nskot WreguLir1￿ arKI nrm-uThp￿ar￿e arKI reguktsons. wedwned which luded, but were not lirnited to". 8gro*w fn8nc$81 stalemènt dts¢hJsuves tts thdBrfyKKJ supr*)ffj"w d0rAWnental￿ffi". • reading Ihe minutes ol mw*igs of ihcse ttwrged ￿th govemartr.. enquiring of management as to adualand w>lentia I1bgakn￿d daims." and rewfvving ¢other pwx>se. To the ful￿st extent perrThtted by kaw. we do not accept or assume resp￿St111ty to any￿e￿￿￿rtha￿ Ihe thaity aNI the thartyskn51Bes a5 a W. for 0￿ra￿lI wij lor Ihis rewrt. (Kforthe opinions we have li￿1￿d. PaulWoos•y FCCAIStrnitrStatultyy Audltorl For and on behalf of Grawta ALxYit11 Limited. slai1110ry￿rt ¢h*ered PLcaunlants Aldgate Tower 2 Leffl￿ Str£el Lonijon E1 8FA 22 November2024 avita AJdit11 Limited is lyawintrn8nt aswOI(Y of ts ch¥ty by ¥rtt*ofits I￿ap￿rIn￿￿0tas audit 018 o)mpany urvjw 1212 of the C(¥mow¥es Act 21￿. ORT UK STATEMENT OF FIPW4CIAL ACTivmES INCLUOING INCOME AND EXPENDITURE ACCO(WT FOR THE YEAR ENDED 31 DECEMBER 20rJ TfAal Unreslrfcted fund$ 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 ch￿tsb￿ *Vwli8S 364.(M13 1.164.020 327.984 2T2.613 327. 1.216.475 214.138 949.882 993,862 T•tsi •xp•nthiur* 578.141 949.8￿2 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 ytalwronlimfina￿al all gaI￿a￿j k)58es rwii58(l in Ihe ygar. Wl In￿)me experKllure deri¥8 fr(Yn conbwry artr￿1 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 enti￿ed 10 the exe[wK￿frt¥rt thEéLwlit wI￿r￿*cont￿ntsd 477 ofthe ConwanEs Att 20C6, k)r ihe yoar 31 DBc8mber2023. aNTrKwh an a￿1 h35 b￿￿ Catyj ouluth seu1iDn 144 oflhB CharibB5 AGt2011. directtrls 8ckn¢thtY*t their reskKmsIMI* ¥Mh th8 requw¥nents ofthe c(￿￿pan*sAtt2c￿6 respect t¢ 8c¢ounbry rtcot(Js and ptppatatyy) (4 fmarKJal staiwDenis. Tre mem￿￿ h8¥e twt requi￿ the ¢￿p￿Y lo obtsin an audit of is fiyncial st*rwtsunder the Tequirem￿*S ofthe Companiesknl 2006. lorthe year In questw in acwdw 476. TrEse final￿al slalErnents have ￿ prepa￿d ￿ axold￿ *7lhthe wuYi5i0Th5 apk4Kable to ￿￿￿patIe5 subFGt ta the small t¢Mnwniès regin*. Ihe financ￿1 ststeThnts wwe apwo¥ed by ￿ Twsleesffi 21 2024 Ms A Kurer Trustee Coryany regisirdtiov twJmber050W789 IEnyK*l aThJ YlalBsl ORT UK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flov￿ from operntiny act￿ltIeS Cash 9enerated frTrMil8bsothd bilowatK￿s 124.073 122.4511 Inve¥tin9 activiti0$ Pwch8se oft￿gILle fixed 3S5ets Inv£slment iKotne recei 11.5581 Not ¢4$h goneratodfrornllu$¢d Inl Inv¢¥tiry a¢Uvltlos Nèt Cash u6td IlnanciNJ 8th4￿e$ 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 STATEME1￿5 FOR THE YEAR ENDED 31 DECEMBER 2023 Ac¢ount¥y polkios Charfty lrform8tioii ORT UK is a pnvaie ¢cYnpany lrnitsd ty guarante8 licor￿al¢￿ i) England wa￿$. re9*tar¥d offica r& ORT House. 147ArfingtfM Road. L(Thkn, 7Er. 1.1 A¢¢ountkng ¢orNgnt The finanty¥l Stsle￿enis ha'ie been pryed in a¢cr￿arKe Ihe th¥riVs Mern¢raThJurn * ArDcles of ASS0¢4aiN)n. If* thrnpaniesAct 2Tr￿. FRS 102 7he F￿8[￿1¥1 Sta[￿81￿ applcablF In the UK ana Repu￿1¢ ot I￿land. I'FRS 102-1 and the CharitES SORP"Acc￿￿ry and Rewrbry by Charitses". Slateffenl of Rewmmended Pr￿￿e applicab￿ tD cnaritses preparing thew aCc￿nts in %wth the FI￿claI Rwrtng sta[￿ard apFAicable In IheVK and RepLOIK ￿ I￿aTrd IFRS 1021" leff&lNe l JanLHry 20191. Th8 ￿*￿trI 15 a PLknlir 8enefil Entity as defir￿ by FRS 102. The fin3naal stale￿￿￿ts are wep3red ￿ $￿ir￿3. whKh is thp fLwthntil currencyofthe dwrity. Monetary8mounls Ihesefinanc￿I slaletnen15 ￿ T[Ju￿ed lo n8aresl £. The finaro81 statenEnts h¥Je pryel the o)stcw￿bQTr. The wncpal actwnliThJ poltyes adoptsd are sel oul beknw. 1.2 Prior pevlod •rror The thanty restated some the curparthe b￿a￿e5 to better refieclthe spiiol ex￿di￿rea(￿ordiry ts the nalure ofthe Ur￿ertakell transth5. Thpte Imp￿￿on the [￿rIeS oflhe ￿US￿eDts tTthe. 1.3 Golng ctsncem Al the time of apprwTrJ Ihe finaroal $￿t￿ents. Twslees Iwe a ￿8$01801e e￿pe￿alK￿ tral ch3iiy Ikds adequate reSoUr￿S to conbnue in operat￿n31 existerK￿lQrIhe fOreseekn￿ futtKe. Thus the T￿Stee5 rmtinue to adoptthè g)ing con¢wn basis of8¢(x)unbn9 in the fmanc4al siat#iients. 1.4 Charitable lunth Unrestrithed fur￿$81& gen*a lU￿$that a￿ avalab￿ for LStr81th8 ttu*8es' d￿¢￿t￿M w) fiJrf*r8n(* ofthè obj8dNes ol th8 Charity. Restrthd fthds¥e Ihose ￿(Tht￿l in a Pa￿xIL¥ ar￿a ￿ frKspeufic pu￿. Ihe use ofwhth 1 Ihatarea or pww>se. 1.5 In¢om& Incorne is reC[￿1￿￿5 have been mel. the Ywxjnts be ThasurÈd reSabty. arml rf¢is wy0baD￿ Ihaiinc¢yne ber￿￿. donation. Unl￿ perforMa￿e co[KIth¢M￿ requye ￿ferra oflhe anN)unL Inuxne tax re{x>Vera￿ in relation to donations ￿e￿r¥ed ￿der r￿ft or deed5 of covenant is rewised altre InEoflheik)nakn. Legaties are reecwsea ￿ rec¥M v C4rtr￿ rf me charity h85 Deen Th)tifieo e* an impending (YlSlrfDutiClI, me nounl Is krw. is eX[w￿d. If the •nount is nrl knw. lh& Wy istrgated as a conwng8nl 85set. InwrYE from fUnd￿$￿g acDwties Ind￿leS tthl sales. These are recognwd the ¢haritsYe coi¥)any has delNered the service and is ther¢Fore enmed to ts Inc￿￿e. ORT UK NOTE5 TO THE FINANCIAL sTATEmEP￿s ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accourrtwy polklBs Icontinupdl 1.6 expendlture Expondilure 1$ rwnisod ￿¢? Ihtrr¥ 158 ty¢th$it￿lve Iransfereconomic b6n8frt loa third party, Il Is wthable t￿t a trdnsfer ol ecorKThK be￿fftS be req￿red in seknu amouNof the obluaban can be meawred r4K9bly. Expendilure Is by acbty. Thè (J)sts oieath acbvty We m•Je upoftr* toial ofdirettcusts and shared co818. Indudino sw)port¢osts Invoiveo iry un(*tskY¥ e&yi thry. costs attitwtAe ￿ 8 801ivW 8ie 8IIOC8ted direcly 1¢ I￿1 aclmty. Shar*¢ costs ¢￿In>jIe lo than xbyrfy and ?uprtht ¢osl% are n attributab￿ to a &ryle acti%ryty ¥e aptKxlioned betrween I￿se a￿l￿tieS on a ba￿S u￿siStenI ￿1th u5eol iesource5. Central Stsff costs are alk)¢ated Dn ttE ba*$ of S[￿lL 8t￿ dtweti*ffi are alktsted M the portion ofthè a¥3el's use. Liabilkies are re￿5￿ls￿ a5 astsre isa W Qrujnslr￿the 0￿￿￿tion the thatity la the exp￿ditUre. Costs ofgeneraliry furnkare the u>5ts aSs(￿lated att￿ryw￿ntrry irKXThe. Grants payable are paymen15 fflade tothKd parties n Ihe furtherdrKe ofthe tharitth (ty"ectives. Supwrt ¢OSl Induds centra fvnthvj￿ aThJ have artivity e8wr*s cffj 8 Das* co￿18t￿nt wlth lh8 use ofresour¢e& for eXam￿e. *kxatifig yotvtyco*s by firor ¥ea& (w per wla. stsff ctys by tyme spent a othercost5 by ￿￿. GovewrKe c(EL5 casts ofthe exwnW￿thon olttrw 5lalLrtw￿(xJv￿1s, the costs dtrLTrtee meelngs and the wst ol any legal to In￿tee5 on ￿>¥￿￿ee matters. 1.7 Tangibh fixed assets Tangib￿ n¥eo ass*TS In￿aty nwswed at c(6t and suteÉquentymtr4*Jr*J * C(* orvaluauon, ne¢ ol de￿¢1411 and any impairnEnl losses. Depreaation is tÈCOgntsÈd $0 as 10 wilt valL0￿ of assets ￿ ll*if rÈ%duai values ovèr thèir usetul Iw8s on th¥ follthwffj bases". Long le85thold Improverr*nts coryuterew1p￿Efit Fmtures. rrtbrvJs & ￿￿PM￿ Str3pJht lineo¥erthe terrn of the knse 25VJ red￿ng t1*ar￿e The or loss arising on Ihe di5tw)5al of an a55et ￿d￿te[t￿￿*d as Ihe¢th1fere￿ bet*Een fv Falp PmCBeds and Ihe carryno ¥alL* of1￿￿ ass81. ar￿ is re¢cwiwJ in activit*s. 1.8 Impawmont dfL4ed as86ts Al exh reportF)g end dale, Ihe Charityre￿ews olits Ye assets ￿ detsfftr￿rt wheiher there IS ￿Y Fifjjcat￿Th that assets have SLthered w Im￿rn￿l w. It any suth iThthcats¢M) e￿$ts. reeoverJ) amount ol 85sel is eslimaw 10delwffti￿ the ex*ntofts inyirwl k)ss lrfany!. 1.9 Cash cash equlvaknis Cash ar￿ cash ttwiYalÈnts Ir￿￿1& cash in harKI. dw&is W aicall barks. rAhei short-term liwNI inVèStme￿ts wth maknwrfies dllY* rrththsor ￿$. b*ltoveryJrdfts. Barthoverdrats are ￿7th￿ boTrov•iryS in ¢￿￿ent liabilibes. 12- ORT UK NOTE5 TO THE FINANCIAL sTATEmEP￿s ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accourrtwy polklBs Icontinupdl 1.10 Flnanclal knstwments The d)arity has to apr4y If* prow$￿$ of se¢b￿ 118ag¢ Fviafy￿I InstDth?nts' Se¢bon 12'0th)8r Financi31 Instrjrnents Issues. of FRS 102 to al of ts inStrUrt￿tr. Financial inStru[￿a￿tsare rw&sed ID the ￿￿tI￿S bElat￿ St￿e[￿h8O IhB d*rity b￿[￿5 party lo the(xnlrathJa provtsw)nsofthe I￿rurr￿nt Financial assetsand Saknlil* offs•. Vdilh the *t an￿￿nts tY8S8nte¢ ￿ the fina￿ $tat8ments. when ihere Is a I￿alfv enloir£able nghtto set off the reCogn￿d arKxJnts there is ￿ Inten￿ 10 seiueijna net bas￿ orto realise ihÈ asset and sÈtUe Ihe liablty Basic •55ets Ba5￿financ￿lI assets. irtlude debltys ¢3sh ban4 baL4rw. we inmaly Measu￿ 81 tr￿￿¢1￿)n price Induding Irans8ctyw costs and are S￿e￿enty¢8rne¢1 at 8wb5ed u61 tre effective bileresl method Unless Ihe ardWe[n￿1￿￿s1￿Ute￿a t￿5￿11(￿. vlhere ts tranSart￿ rneasured al thB wesent Yalu8 ofth8 future receipts dsumjnted a a maTket tale of iniete*. FinarK¥èl assets ¢L%ssffied 89 rec¥Vab￿ wthin onè yearart not arnO￿$ed. Baslc fjnanclal Ilabilllies BasK financial liabiliies. trade ot￿r[￿Y3bIes. are initialty wntsed altransa￿On pr￿* urlessthe 8rrarwemenl ¢oDsblutesa finanuro *tsre tre debt I￿￿ument E measured althe present v*ue 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*[gatK￿8 to pay or s•vicw thai hav8 Lw) 8¢ou1￿￿ In Ih8£xdnary course c+ operaions frun supplers. AcCo￿ts pw*Ae are da55rf￿ a5currenl [abIrt￿S rf payment is due ￿1th￿ one year or less. N mi. they artr westhted as mn-currtnt 1th1￿S. Tradp payth are ￿Cryn￿e￿ init￿l￿at transart￿n price ar DeT&ggnilNon of fin8rti¥lhabilifres Financi81 liabil￿e$ artr dsr8wwisad then ch8rity8 ¢thW￿￿Ual 8xpw8 ty are dI8 The ￿tiMate5 Unde￿ry aSS￿￿pt0nS are rev￿•￿ on an otVMtwJ ￿s. Revisions to accounting esknmates are remgni5ed in the Per￿￿ in wFwch the e5￿Mate i5 [P￿Sed th2 rev￿￿ affect5 Dnly Ihat P￿(￿1. Di in the PEriod t the reVis￿n arKI fulure pet￿￿5 where the affe(ts tx)th cutrenlarwj firture peri(xls. Managernenl do ￿t￿M￿s￿lertheIe to be any rnate1k￿ wdgefflents ￿ eSIn￿bon and uncetsvty requirry di£closure. kncorn• from doTh*lons and legaclBs TtA•I Unrèstrithd RÈstrfcièd lund$ funds 2022 2D22 Total 23 2023 2023 D0natk?r$ar￿ gi75 Leg8ries 115.8TI W.154 1.079.031 25.6B4 93.982 23.10? 1.ynth¢*nt Influsnco ovw the cfynpany Otherrdaled parbe5 976.5SI 31.4 956.578 39.205 976.550 956.578 1.(KW.O(M) 995.7e3 956.578 During the ye* Lne charity pathpaied proe(ts7Mth w(￿d ORT-a t￿18￿ (Mganisèf(M) wfwjse Twste8s ale also Tnjsieesof ihe (#18rity. The subvEntions (Funthryl ￿ rekbon lo that ￿tal¢d £976.59J12022.. £￿,5781 and subYenlhy)s lE￿nd￿J ware £976.55012022". £956.5181 During the you, tho thaity rec￿l¥ed £31.4￿ 12022.. £39.2051 os dOn0t￿5￿￿￿tc￿￿1￿irtsfroM Ihe trLStecs. This amount exclud8s any pws. ORT UK NOTE5 TO THE FINANCIAL sTATEmEP￿s ICOPlllNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 RolatBd party tra115action5 Icontinupdl The frA￿Ing anKxm15 (xltsl￿W￿ 3llhe re￿￿.￿g enddate.. Amwnts I)￿d to r•l•t•d parties 2023 2022 Entities with rxmlrd. joint contrrA ar signfficam In11LEn￿ over £￿￿panY 82.827 21.407 82.827 21.407 Amounts due lo rdatsd parles [We￿I￿lrrOnt ba￿[￿e5 to Workl ORT in rdakn to recharged exppnse5. 22 C88h gon¥rnt•d fromllabsothd byl opu8tio 2023 2022 sU￿u$ fo-IhB year 16.$31 18.011 Adlustmgnts for. Invesknenl irKotne iecogt¥sed In SlateTh￿ ￿h¥l￿e5 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 This document was delivered using electronic communications and authenticated in accordance with ihe registrar's mles relating to electronic fomi, authenticatior and manner of delivery under sectioi) 1072 of the Companies Act ?006.