Docuslgn Envelope ID." 831B6F30-D42C41DD-8E92-177B8940BF80 Charity reglstratlon number 11052S4 (England and Wale5) Company reglstratlon numbèr 05090789 ORT UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Do¢usign Envelo ID". e31B6F30-D42C41DL8Eg2-l77B89408F80 ORT UK LEGALAND ADMINISTRATIVE INFORMATION Trustees A Cohen B Goren A Kurer D Reinhold L Davls B Encinales C Gold N Reld N Segal E Goodman (Appointed 15 Aprll 20241 {Appolnted 15 Aprll 20241 (Appointed 15 April 20241 (Appolnted 15 April 20241 (Appolnted 15 AprS120241 (Appolnted 15 AprS120241 (Appolnted 3 December 20241 Charlty number {En8land and Wale51 1105254 Company number 05090789 Reglslered offlce Ort House 147 Arlington Road London NWI 7ET Independent examlner Sedulo London Llmlted Office 605 Albert House 256- 260 Old Street London United Kin8dom ECIV 9DD
Docuslgn Envelope ID.. 831 B8F3W2C41 DeEg2-1TIB94oF80 ORT UK CONTENTS Page Trustees, report Statement of trustees, responslbilltles Independent examlner's report Statement of flnanclal a¢tlvities Balance sheet Statement of cash flows Notes to the flnanclal statements 10-20
Docusign Envelopg ID. 831B8Fa¢>D42C41DD-8E92-17788940BFBO ORT UK TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and finanual statements for the year ended 31 December 2024. The flnancial statements have been prepared in accordance wlth the a¢countlng pollcies Set out In note I to the financlal statements and comply wlth the tharlty's governing document, the Companles Act 2006, FRS 102 "The Financial Reporting Standard appllcable In the UK and Republic of Ireland" and the Charlties SORP "Accountln8 and Reporting by charities: Statement of Recommended Prartice applicable to charltles preparlng thelr account5 in accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland {FRS 102} Oblectlves and a¢tlvltles ORT UK empowers the next generation to reach their goals through mentorln& employability skills trainin8 and alternatlve work experlence. Our primary objectlve is to advance educatlon and tralnln8, gÈvin8 young people the sk1115 and confldence they need to thrlve In Ilfe and work. In the UK, this is achleved through ORT JUMP. our mentorln8 and employabillty skllls programme. Inltlally establlshed for Year 12 students. ORT JUMP has grown to support young people from Year 8 and io, offering tailored mentorlng, workplace skllls development. careers educatlon, and alternative work experience opportunities. The programme engages over 1,300 students annually, connectlng them with volunteer professiona15 who guide, inspire, and equip them for future success. Alongside our UK work, ORT UK ralses funds to support World ORfs global network of schools, colleges. and educatlonal proJects. These Inltlatives reach over 350,0(N) students each year In more than 40 countrSes, provldln8 hl8h-quallty eduotlon, tralnln& and Ilfe 5kllls. We achleve thls through fundralslng events, bulldlng long-term relatSonshlps wlth donors, and connectlng supporters wlth speclfic World ORT projects èllgned to thelr Interests. Publlc benefit The trustees have pald due regard to guldance Issued by the Charlty Commisslon In decldlng what actlvltles the charlty should undertake. Athlevernents and performance Slgniflcont octlvities t7nd achievements agolnst oblertlves In 2024, ORT UK'S efforts were focused on supportlng our ORT JUMP mentorlng and employablllty skllls programmes, as well è5 ralslng funds for World ORT projects In Israel and Ukralne. ORT JUMP- Mentor5n8 and Employablllty Skllls Pro8rammes ORT JUMP contlnued to grow a5 a flagshlp programme. now reaching over 1,3th) students annually. Thls Indudes more than 450 one-to-one student-mentoring palrlngs, alongside employability workshops. workplace vlslts. career weblriars, and skills development activlties for students from Year 8 to Year 12. In 2024, the programme was delivered in 14 partner schools across London and Manchester. engaging hundreds of volunteer mentors from diverse industries and equlpplng young people with the skills. guidance, and confSdence to sUced In thelr future careers. Kfar 511veT Youth Vlllgge,15rnel ORT UK contlnued to ralse funds to support the ongolng operatlon and development of the Kfar Sllver Youth Vlllage near Ashkelon. The vlllage provldes a safe and nurturlng home for hundreds of students. many from dlsadvantaged or at-risk backgrounds, combining high-quality educatlon with pastoral ¢are. vocational training. and extracurr¢cular actlvltles. Funding frorn UK donors contributes to running cost5. educational programmes. and improvements to facilities. ORT Ukralne In response to the ongolng crlsls, ORT UK raised vital funds to support teacher5. Students, and famllies In Ukralne. Thls Included provldln8 5alarles for educators to ensure continuity of learning. delivering psychological support programmes to help communitles cope with trauma, and addresslng urgent security needs for ORT schools. These measures have been essential in enablin8 Students to continue their educatlon In safe and supportlve environment5 despite the challenglng clrcumstances.
Dttusign Envelope ID.. 831 B6F30-D42C41 DD-8E92-17788940BF80 ORT UK TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Fundraisingperformance In 2024, ORT UK successfully delivered a range of fundralslne and community engagement activities. This Included our Annual Dinner, partl¢lpatlon In the London Marathon. and several community events such as a Eurovlslon party and a Football sponsorship event. These att5vltles not only ralsed vltal funds for our UK programmes and World ORT prolects but also strengthened our engagement wlth supporters, volunteer5, and the wlder communlty. In addttion, we contlnued to expand our piesence on soclal medla and enhanced our PR and messagSng to reach new audlences and promote the Impact of our work. Flnanclal revlew The charlty's actlvltles for the year are presented in the attached flnanclal statements whlch Show a net surplus for the year of £55,034 12023: £16,531). The balance of restrirted funds at 31 December 2024 wa5 £85,116 12023: £119,376) and unrestrl¢ted fund5 £257,60512023: £168,311). Total income of £848,07012023: £1,544.5541 wa5 malnly from donatlon5, legacles and 8rants, and was driven by fundraSslng events durln8 the year. Income IS £696.484 lower than the prior year as there was much more World ORT restrlcted intome in 2023 for Kfar Sllver and Ukraine projects. Total expendlture of £793,03612023: £1.528,0231 was spent on ralslng funds, JUMP projects and subventlons to World ORT, Spend15 £734,987 lower than the prlor year. as less was pald on to World ORT for the aforementioned projects. Reserves pollcy It Is the pollcy of the charlty that unrestrlcted funds which have not been de51gnated for a speclfic use should be malntalned at a level equivalent to 3-6 month's expendlture. The trustees conslder that reserves at this level will ensure that, in the event of a slgnificant drop in funding, they will be able to continue the charlty's current actlvities while consideration Is given to ways In which additional funds may be raised. At 31 December 2024, the unrestrlcted funds weTe £257.605 12023: £168.3111 whlch amounted to 6 months of operatlnB expendlture. This15 in line wlth our reserves policy. Major rlsks The Trustees have assessed the major rlsks to whlch the charlty Is exposed, and are satlsfied that systems are In place to mitlgate exposure to the malor rlsks. The Trustees have a risk mana8ement strategy which comprlses- - An ongolng review of the rlsks the organlsatlon may face; The establlshment of systems and procedures to mitigate those rlsks,. and - The Implementatlon of procedures designed to miDim15e any potentlal Impact on the charlty. Plans for future perlods Progrommes In 2025, we wlll focus on expanding and growing our mentoring and employability 5ki11s programmes, reachlng more schools and engagln8 Wlth new cornmunities, including Leeds and Glasgow. We will also strengthen our impact and evaluation processes. SUPPOrted by a newly appointed specialist dedicated to measurlng and demonstratlng the outcomes of our work. Together, these efforts will enable us to support an even greater number of young people wlth the Euidance, skills, and opportunltles they need to succeed. Fundroi51ng Our Annual Dinner will remain a key fundraising actlvity, alongside a strong focu5 on securing new grants and developlng corporate partnershlps. These efforts wlll help sustain and grow our UK programme5 while continulng to raise vttal funds for World ORT'S global educational projects.
DoGu$ign Envelope10'. 831B6F30-D42C41DNE92-177B8940BF80 ORT UK TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Sttu¢ture, governance and management The charity is a company limited by guarantee (No 50907891 govemed by Its Memorandum and Artlcle5 of Association dated 1st April 2004. It Is registered as a charity with the Charity Commission (No 11052541. The charity is overseen by a Board of Trustees who are responsible for its govemance. strateglc directlon, and compllance with statutory and regulatoiy requlrements. Trustees are appolnted by resolution of the 8oard, followlng Identlflcatlon of skllls and experlence needed to SUPPOrt the charitvs objectives. Prospectlve trustee5 are typically erlted through profe551onal and community networks, Intervlewed by existlng trustees. and formally appointed in accordance wlth the Articles of Assoclatlon. The Board meets regularly throughout the year to revlew performance, approve strategy. and ensure that resources are used effectlvely In pursuit of the chariVs aims. Trustees receive an induction on appointment, which Includes Information on the charlty's strurture. activities. governance policies. and responslbilitles under charity and company law. The trustees, who are also the dlTertors for the purpose of company law, and who served durlng the year and up to the date of slgnature of the financial statement5 were: A Cohen BGoren A Kurer D Relnhold YJ Llnenberg R Morrls A Reeback B Weber C Martell L Davls IAppolnted 15 Aprll 2024} (Reslgned l March 20241 IRe51gned l Aprll 20241 (Reslgned 4 July 20241 (Resigned 15 September 20241 {Re51gned 22 Aprll 20251 {Appointed 15 Aprll 20241 IAppolnted 15 Apfil 2024) (Appolnted 15 Aprll 2024) (Appointed 15 Aprll 20241 (Appointed 15 Aprll 20241 (Appolnted 3 December 2024) (Reslgned 23 January 20241 B En¢lnales C Gold N Reld N Segal E Goodman S J Alber8a Recruitment ond oppointment of trustee5 As set out in the Articles of Assoclatlon. the flrst Trustees were those notlfied to Companles House on Incorporatlon of the charlty. The Trustees may appolnt any person who Is willing to act as a Trustee and the Trustees shall not conslst of less than 7 persons. None of the Trustees has any beneflclal Interest in the charity- All of the Trustees are members of the charity and guarantee to contribute £10 In the event of a winding up. Organisotlonalstrurture The Trustees administer the charity on an ongoing basis. The Trustees typicalty meet slx times a year to discuss and resolve strategy and ongoing developments. Sub committees of the Trustees may meet on a periodic bas15 to ensure the smooth runnlnE of the organlsatlon. The charlty Is a member of the Fundraisin8 Standards Board.
Docusign Envelope ID.. 83186F30.D42C41DD4E92-177B8940BF80 ORTUK TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees, report was approved by the Board of Trustees. A Kurer Trustee 15 September 2025
Docusign Envelope ID.. 83186F3D42C41DOEg2-l77B8940BF8O ORT UK STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees. who are also the director5 of ORT UK for the purpose of cornpany law. are responslble for preparlng the Trustees, Report and the financial statements In accordance with applicable law and United Klngdom Accountlng Standards Iunlted KSngdom Generally Accepted Accounting Practice). Company law requlres the trustees to prepare flnanclal statements for each financlal year whlch Elve a true and fair view of the state of affairs of the charity and of the Incoming rewurces and appllcation of resources, Including the income and expenditure, of the charitable company for that year. In preparlng these flnanclal statements, the trustee5 are requlred to: select sultable accountlng policles and then apply them conslstently,, observe the methods and prlnclples In the Charlties SORP,- make judgements and estlmates that are reasonable and prudent; and prepaie the financial statement5 on the going concern basis unle55 It 15 Inapproprlate to presume that the charlty wlll contlnue In operation. The trustee5 are responsible for keeping adequate accounting record5 that d15¢1ose wlth reasonable accuracy at any tlme the Ilnanclal posltion of the charity and enable them to ensure that the flnanclal statements comply wlth the Companle5 Art 2006, They are also re5ponslble for safeguardin8 the assets of the charlty and hence for taklng reasonable steps for the preventSon and detectlon of fraud and other Srregularitles.
Docusign Env¢lope ID.. 8318sF3D42G41DD-8E92-177B894OBF80 ORT UK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ORT UK I report to the trustees on my examination of the flftandal statements of ORT UK (the charity) for the year ended 31 December 2024. Responslbllltle5 and basls of report As the trustees of the charlty land also Its dlrectors for the purposes of company law}* you are responslble for the preparntion of the financial statements In #ccordance with the requlrements of the Companies Act 2006. Havlng satisfled myself that the flnanclal statements of the charlty are not requlred to be audlted under Part 16 of the CompanSes Act 2006 and are eliglble for Independent examlnatlon. I report in respert of my examinatlon of the charlty s flnanrial 5totements carrSed out under section 145 of the Charities Act 2011. In carrylng out my examination I have followed the Dlrections glven by the Charlty Commission under 5ertion 145{51{bl of the Charftles Art 2011. Independent examlner's statement sin the charlty'5 gross Income exceeded £250,000, the Independent examlner must be a member of a body Ilsted In sectlon 145 of the Charltles Act 2011. 1 confirm that l am quallfied to undertake the examlnation because l am a member of the Associatlon of Charted Certlfied Accountants. whlch Is one of the listed bodle5. I have completed my examlnatlon. I wnflrm that no matters have come to rny attentlon in connectlon wlth the examlnatlon glvin8 me cause to belleve that In any materlal respect.. accountlng cOrdS were not kept in respect of the charlty as requlred by sectlon 386 of the Companle5 Act 2006, the flnanclal ststements do not accord wlth those records; or the flnanclal statements do not comply wlth the accountln8 reqU1MentS of sertlon 396 of the Companles Act 2006 other than any requlrement that the flnancial statements glve a true and falr vlew. whlch Is not a matter consldered as part of an Independent examlnation; or the flnanclal statements have not been prepared In accordance with the methods and princlples of the Statement of Recommended Practlce for accounting and reportlng by charities appllcable to charlties preparlng thelr flnanclal statements Sn accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, I have no concerns and have come across no oth8r matter5 In connertlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the financlal Statements to be reached. Emma Houghton, FCCA Sedulo Lpndon Llrnlted Office 605 Albert House 256- 260 Old Street London ECIV 9DD United Kingdom Date:.13......%op.F.ombor 1025
Docusign Envelope ID.. 831B6F30-D42&41DD-8EY2-177B89408F80 ORT UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Restated Totsl Unrestrlcted fund5 2023 Restated Re5trlcted funds 2023 Restoted Total Unre5trlcted funds 2024 Restricted funds 2024 2024 2023 Notes Inrne from: Donatlons and le8acles Investments 589.432 1,814 256,824 846,256 1,814 579.840 1,560 963.154 1.542,994 1,560 Total Income 591,246 256,824 848,070 581,400 963,154 1,544,554 Expendlture on: RaSslng funds Charltable actlvltles 147.968 353,984 147.968 645,068 365,193 212,948 365,193 1,162,830 291,084 949,882 Total expendllure 501,952 291.084 793,036 578,141 949,882 1,528,023 Net Incomel{expendlture) and movement In funds 89.294 {34,2601 S5,034 3,259 13,272 16,531 Reconclllatlon of funds: Fund balances at l January 2024 168,311 119,376 287,687 165.052 106,104 271,156 Fund balan¢es at 31 December 2024 257.605 85,116 342,721 168,311 119,376 287,687 The statement of flnanclal actlvltle5 Includes all gains and losses recognlsed In the year. All Income and expendlture derlve frorn contlnulng actlvltles.
Dow6ign Envolopo ID.. 831BeF3W2C41DD4E92-177B8940BF80 ORT UK BALANCE SHEET ASAT31 DECEMBER 2024 2024 2023 Notes Flxed assets Tanglble assets li 3,084 5,770 Current aets Debtors Cash at bank and In hand 9,111 362,162 4.911 392,084 371.273 13L636} 396.995 1115,0781 Credltors: amounts falllng due wlthln one year 13 Net current assets 339,637 281,917 Totsl Sssets less current114bllltles 342,721 287,687 The funds of ihe ¢hailty Re5trlcted Income fund5 Unrestrlrted funds 85,116 257,605 119,376 16B,311 342,721 287,687 The company Is entltled to the exemptlon from the audlt requlrernent contalned In sectlon 477 of the Companles Act 2006, for the year ended 31 December 2024. The dlrectors acknowledie thelr responslbllltles for complyln8 wlth the requlrements of the Companles Act 2006 wlth respect to accountlng records and the preparatlon of financlal statements. The members hwe not requlred the company to obtaln an audlt of Its flnanclal ststements for the year In questlon In accordance wSth 5ectlon 476. These finandal statements have been prepared In attordance wlth the provlslons appllcable to companlès subjeet to the small Companles re8lme. The flnanclal statement5 were approved by the trustees on 15 S.mb•r 2025 Do¢¢Jsn•dby'. T5D570F14CMG4... B Goren Trustee Company reglstratlon number 05090789 (Erland and Wales)
Docustgn Envelope ID.. 83lB6FD42G4lDD-8E92-l77B8g40BF8o ORT UK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 1023 P4otes Cash flows from operatlng artlvltles Cash labsorbed byllgenerated from operations 20 130,782) 124,073 InvÈstln8 actlvitles Purchase of tanglble flxed a55ets Investment Income received 19S41 1.814 11,5581 1,560 Net ¢ash generated from Investlng adlvltles 860 Net cash generated from flnanclng actlvltles Net Idecreaselllncrease In cash and cash equiYdlent$ 129,9221 124,075 Cash and c?5h equlvalent5 at beglnnlnB of year 392.084 268,009 C8sh and cash equlvalents at end of year 362.162 392,OB4
Docu8lon Envelopè ID: 831B6F31>D42C41DD4E92-177889408F80 ORT UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Atcountln8 politlÈs Charlty Informatlon ORT UK is a private company limited by guarantee incorporated in England and Wales. The re8i5tered office Is Ort House. 147 Arlington Road, London. NWI 7ET. 1.1 B8$1$ of preparatlon The financial statement5 have been prepared In accordance wlth the charlty's Memorandum and Artlcles of Assoclatlon, the Companies Act 2006, FR$ 102 "The Flnancial Reporting Standard appllcable In the UK and Republlc of Ireland" and the Charlties SORP "Accountlng and Reportlng by Charities: Statement of Recommended Practlce appllcable to charltles preparlng thelr accounts in accordance wlth the Flnancial Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021" The charlty Is a Publ1¢ Benefit Entlty a5 deflned by FRS 102. The financlal 51atement5 are prepared in sterlin81 which is the functional currency of the charity. Monetary amount5 in these flnanclal statements are rounded to the nearest £. The flnanclal statement5 have been prepared under the hlstorfcal cost conventlon. The prlnclpal accountlng pollcle5 adopted are set out below. 1.2 Golng concern At the tlme of opprovlng the flnanclal statements, the trustees have a reasonable expectatlon that the charlty has adequate resource5 to contlnue In operatlonal exlstence for the foreseeable future. Thus the trustees wntlnue to adopt the going concern basls of accountlng preparlnB the flnancial statements. 1.3 Charltable funds Unrestrlrted funds arè avallèble for use at the dlscretlon of the trustees In furtherance of thelr charltable oblectlve5. Restricted fund5 are sublect to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restrl¢ted funds are set out In the notes to the finanoal statements. 1.4 Income Income Is recognlsed when the charity is legally entitled to it after any performance conditlons have been met, the amounts can be measured reliably, and it 15 probable that income will be received. Cash donatlons are recognised on receipt. Other donations are cOgnised once the charlty has been notlfled of the donatlon, unless performance conditlons requlre deferral of the amount. Income tax recoverable In relatlon to donation5 recelved under Gift Aid or deeds of covenant is recognised at the tlme of the donatlun. Legacles are recognised on receipt or otherwise if the charity has been notified of an Impending distrlbutlon, the arnount Is known, and recelpt Is experted. If the amount Is not known, the legacy Is treated as a contlngent asset. 1.5 EKpendlture Expenditure Is recognised once there Is a legal or constructive obligation to transfer economic benefit to a third party, It Is probable that a transfer of economtc benefrts will be required in settlement. and the amount of the obligation can be measured rellably. Expenditure Is classlfied by activity- The cost5 of each activity are made up of the total of direct e05ts and Shared costs, Includlng support costs Involved in undertaking each activity. Dirert costs attributable to a single activity are allocated directly to that activlty. Shared costs which contribute to more than one activity and support costs whlch are not atlributable to a single actlvlty are apportloned between those actlvities on a basis conslstent wlth staff headcount. 10-
Docuslgn EnvpJlop8 ID.. 831B6F30-D42C41DD-8E92-177B8940BF80 ORTUK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢counting poll¢les {Contlnuedl 1.6 Tanglble flxed assets Tangible fixed assets are Inltlally measured at cost and subsequently measured at cost or valuatlon. net of depreclation and any Impalrment losses. Depreclatlon Is recognlsed so as to wrlte off the c05t or valuatlon of assets less thelr resldual values over thelr useful lives on the following bases.. Long leasehold Improvements Computer equlpment Flxtures, flttlngs & equlpment Stralght Ilne over the term of the lease 25% reduclng balance basls 25% redudng balance basls The galn or loss arlsing on the disposal of an a55et1s determined as the difference between the Sale proceeds and the carrylng value of the asset, and Is recognlsed In the statement of flnanclal activltles. 1.7 Imp31rment of flxed assets At each reportlng end date, the tharlty revlews the carrylng amounts of Its tanglble assets to determlne whether there is any indication that those assets have suffered an Impalrment loss. If any such indlcatlon exlsts, the recoverable amount of the asset Is estlmated In order to determlne the extent of the Impairment1055 Ilf anyl. 1.8 Cash and cash equlvalents Cash and cash equlvalents Include cash In hand, deposlts held at call with banks, other short-term Ilquld Investments with origlnal maturitles of three months or less, and bank overdrafts. Bank overdrafts are shown withln borrowlngs In current Ilablllties. 1,9 Flnanelal Instruments The charity has elected to apply the provlslons of Sectlon 11 'Baslc Flnanclèl Instruments, and Sectlon 12 '0ther Flnancial Instruments Issues, of FRS 102 to all of Its ftnènclal Instruments. Flnanclal Instrument5 are retognlsed In the eharlws balance sheet when the ¢harlty becomes party to the tontractual provI51ons of the Instrument. Flnan¢lal assets and liabllitles are offset, with the net amounts presented In the financial statements, when there Is a legally enforable rlght to set off the recognlsed amounts and there Is an Intention to Settle on a net bas15 or to reallse the asset and settle the Ilablllty slmultaneously. Boslcllnonclul ossets Basic financial a55ets. which Include debtors and cash and bank balances, are initlally measured at transa¢tlon price Includlng transaction costs and are subsequently carried at amortised c05t uslng the effective interest method unless the arrangement con5tltutes a flnanclng transaction. where the transactlon Is measured at the present value of the future recelpts dlscounted at a market rate of Interest. Flnanclal assets classlfled as recelvable wlthln one year are not amortised, 11
Docusign Enveknpe ID.. 831B6F31>D42C41 DD4E92-177B89408F80 ORT UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ountlng pollcles Icontlnued) Boslrlln¢7nclalllabilitles Baslc flnanclal Ilabilitles, Including credltors and bank loans are Inltlally recognlsed at transaction prlce unless the arrangement constStutes a flnantlng transactlon, where the debt instrument Is measured at the present value of the future payment5 discounted at a market rate of interest. Financial Ilabilitles classlfled a5 payable wlthln one year are not amortlsed. Debt Instruments are subsequently carried at amortlsed cost, usin8 the effective interest rate method. Trade tredltors are obllgatlons to pay for goods or servlces that have been acqulred in the ordinary course of operations from suppllers. Amounts payable are classlfled as current Ilabllltles If payment is due wlthln one year or less. If not, they are presented as non-current Ilabilltles, Trade creditors are recognlsed Inltlally at transactlon prlce and subsequently measured at amortlsed cost uslng the effectfve Interest method. Derecognltlon offlnanclalllabllltles Financial liabllities are dereco8nlsed when the charlty's contractual obllgatlon5 explre or are d15¢harged or Cancelled, 1,10 Employee beneflts The cost of any unused holiday entltlement is reco8nlsed In the perlod In whlch the employee's servlces are recelved. Termlnatlon benefits are recogni5ed irnmediately a5 an expense when the charity 15 dernonstrably commltted to termlnate the employment ol an employee or to provide termination benefits. 1.11 Rellrement beneflts Payments to deflned contrlbutlon retirement benefit sthemes are charged as an expense a5 they fall due. 1.12 Forel8n exchan8e Trdnsactlons in ¢urrencles other than pounds sterllng are recorded at the rates of exchange prevalling at the dates of the transa¢tlons. At each reportSn8 end date, monetary assets and liabilities that are denomlnated In forelgn currencies are retranslated at the rate5 prevailin8 on the reporting end date. Gains and losses arisinB on translation in the perlod are retognlsed In the Statement of Flnanclal Artivltles. Income from dDnatlon5 and le8acles Restated Unrestrlcted funds 2023 Re5toted Restuted Tolal Unrestrlcted funds 2024 Restrlcted fund5 2024 Totsl Restrlcted funds 2023 2024 2023 Donations and Ebfts Legacies Grant5 456.836 132.596 116,844 573,680 132.596 139,980 554.156 25.684 963,154 1,517.310 25.684 139.980 589.432 256,824 846,256 579,840 963,154 1,542,994 12-
DO¢usn Envelope ID.. B3lB6F3D42C4lDDEg2-l77B894OBF80 ORT UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from Investments Unrestrltted funds 2024 Unrestrlcted funds 2023 Interest recelvable 1,814 1.560 Expendlture on rdSsSng funds Restoted Unrestrlcted funds 2023 UnTestrlcted funds 2024 Costs of generatlng funds Sta8ln8 fundraisin8 events Advertislng Staff c05tS Support costs 85.756 111,356 34,944 193,459 25.434 51,849 10.363 147,968 365,193 13-
Do¢usign Envelope10". 83186FD42C41D8Eg2-177B894OBF80 ORT UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on tharitable actlvltles Re5toted Total JUMP Projects 2024 2023 Restated Restated JUMP ProJectS 2024 World ORT 2024 World ORT 2023 Total 2023 Dlrect costs Staff costs Subventlons Consultancy Employabllltv Mentorin8 Trainlng & Travel Advert15ing, Marketing & 352,871 2,951 105,193 355,822 105.193 20,967 57.737 11.384 1.139 131,173 131,173 976,551 976,551 20,967 57.737 11,384 1,139 15.525 13,014 1,477 15,525 13,014 1,477 8,082 8.082 1.758 1,758 452,180 108,144 560,324 162,947 976,551 1,139,498 Share of support and 8overn?n¢e costs (see note 61 support 69.772 Governance 14,623 349 70,121 14,623 3,257 20,075 3,257 20,075 536,575 108,493 645,068 186,279 976,551 1,162,830 Analysls by fund Unrestricted funds Restricted tunds 304,116 232,459 49,868 58,625 353.984 291,084 162,947 23,332 50,001 926,550 212,948 949,882 536,575 108,493 645,068 186,279 976.551 L162,830 14-
Docusign Envelope ID.. 83186F3(kD42C410D-8E¥2-177889408F80 ORT UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to artlvltles Restated 2024 2023 Depreciatlon IT software and consumables Bank charges Rent Staff Tralning & Travel Insurance Consultancv General expenses Webslte and Newsletter Staff Recrultment Governan costs 3,640 9,595 1,049 24,996 3,071 3,423 14,323 6,546 7,066 6,775 14.623 1.190 14,499 1.140 1.974 6,068 2,614 2,346 18,935 95,107 48,766 Analysed between: Fundralslng JUMP ProJe¢ts World ORT 10,363 84,395 349 25,434 23,332 95,107 48,766 Restoted 2023 Net movement Sn funds 20Z4 The net movement In funds is stated after charging/lcredltingl- Fees payable to the charity's auditor.. Fees payèble to the charity'5 independent examlner: for the Independent examination of the charity'5 flnanclal statement5 for other flnancial services Depreclatlon ol owned tangible fixed assets 13,200 5,4LKJ 3.720 3,640 1,190 Trustees None of the trustees lor any persons connected wlth them) received any remuneration or beneflts from the charity dLfring the year, and none We reimbursed any expenses (2023- £7271. 15-
DocusSgn Envew ID.. 831 B8F30-D42C41Dtk8E92-177B8940BF80 ORT UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees The average monthly number of employees durlng the year wa5: Restated 2024 Number 2023 Number JUMP Programme Admlnistratian & Fundraisln8 Total Restated 2023 Employment costs 2024 Wages and salarles Soclal securlty Costs Other pension costs 360.997 33,827 12.647 285,228 23,666 15,738 407,671 324,632 The number of employee5 whose annual remuneratlon was more than £60.CKJO Is as follows; 2024 Number 2023 Number É80,001- £90,000 £90,001- £100,000 RÈmuneratlon of key management petsonnel The remuneratlon of key mana8ement personnel was as follows: 2024 2023 A88regate compensatlon 97.158 87,938 Key Iwanagement Personnel are consldered to be the Trustees (who are not remunerated) and the Chlef Executlve Officer (who is remuneratedl. 10 Taxatlon The charity is exempt from taxation on its octivities because all its income is applied for charltable purposes. 16-
Docuslgn Envelope ID.. 831B6F3D42c.4qDD.8E2.l7r6894oBF80 ORT UK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR EIVDED 31 DECEMBER 2024 11 Tan8iblÈ fvxed 4s5ets Lon8 leaseltold ImpTo¥2rnents Computer Flxtuie$, Ilttlngs eqPrnent & equlprnent Totsl Cost At ljanuary 2024 Addltlon5 DIsp05als 11.819 6,162 954 797 18,778 954 111,8191 111,8191 At 31 December 2024 7.116 797 7,913 Depreclatlon and Impalrment At l January 2024 Depreclatlon char8ed In the year Eliminated in respect of di5posa15 11,818 991 3,041 199 598 13,008 3.640 111,8191 111.8191 At 31 December 2024 4,032 797 4,829 Carrylng amount At 31 December 2024 3,084 3,084 At 310ecember 2023 5.171 598 5,770 12 Debtors 2024 2023 Amounts fallln8 due wlihln one year: Other debtors Piepayment5 and accrued Income 3,721 1,190 9,111 9,111 4,911 13 Credltors: amounts falllng due wlthln one year 2024 2023 Trade creditors Other credltors Accruals and deferred income 15,484 2.352 13.800 2,234 83.446 29,398 31,636 115.078 17-
Do¢usign Envelope ID.. 83186F3O-D42C41D8Eg2-177B894oBF80 ORT UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Retlrement benelit schemes 2024 2023 DefinÈd contrlbuilon scheme5 CharBe to proflt or loss Sn respect of deflned eontrlbutlon schemes 12,847 15.738 The charlty operates a defined contrlbutlon penslon stheme for 311 qualifying employees. The assets of the scheme are held separately from those of the charlty In an Independently admlnlstered fund. 15 Restrlcted funds The restrltted funds of the charlty comprlse the unexpended balances of donatlons and grants held on trust subject to speclflc cond5tlons by donor5 as to how they may be used. Atl January 2024 Incomlng resources Resources At31 De¢ember expended 2024 JUMP Pro8ramme World ORT 105,978 13.398 211,597 45.227 1232,4591 158,6251 85,116 119.376 256,824 1291,0841 85,116 Restatsd At ljanuary 2023 Restoted Incomlng iesources Restuted Restated Resources At 31 December expended 2023 Prevlous year: JUMP Programme World ORT 177,324 785,830 {71,3461 1878,536) 105,978 13,398 106,104 106,104 963,154 1949,8821 119.376 ORT JUMP Is a mentoring and employablllty 5kllls programme to help young people explore dlfferent careers. World ORT is the global ORT orgonlsatlon. ORT UK receives restrlcted fundlng whith it pays on to World ORT, and also utilises unrestricted funds to SUPPOrt World ORT pro8ramme5. 18-
DoGuslgn Envelope ID.. 83lB6F3D42C4lDD-8Eg2-177B694O9F6Q ORT UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unre5trlcted funds The unrestritted funds of the charity comprise the unexpended balances of donations and grants whlch are not subject to speclflc condltlons by donors and grantors as to how they may be used. These include deslgnated fund5 whlch have been Set a51de out of unrestricted funds by the trustees for specific purposes. At ljanuary 2024 Incomlng resources Resources At 31 December expended 2024 General funds 168,311 591.246 1501,9521 257.605 Prevlous year At lJaDuary 2023 Incomlng resourtÈ$ Resources At 31 December expended 2023 General funds 165,052 581.400 1578,1411 168,311 17 Analysls of net gssets between funds Unrestrl¢ted funds 2024 Restrlcled funds 2024 Total 2024 At 31 Oecember2024: Tanglble assets Current assets/lllabSlltles) 3,084 254,521 3.084 339,637 85,116 257,605 85,116 342,721 Unrestrlctsd fuTrds 2023 Restrictèd funds 2023 Totsl 2023 At 31 December 2023: Tan8lble assets Current asset511liabllitlesl 5,770 162.541 5,770 281,917 119,376 168,311 119,376 287,687 19-
Docusign Envelo10. 83186F3fFD42C41DD-8E92-17788940BF80 ORT UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Relatsd party transactlons World ORT is a charitable or8anisation where 3 of the trustees also served as trustees of the charlty. Durlng the year. the charity received £45.227 {2023- restated: £785.8301 whith was restricted to World ORT projects and paid over to World ORT durln8 the year. Also durin8 the year, the charlty made donatlons to World ORT totalllng £58,62512023- restated.. £878,536). As at 31 December 2024, an amount of £6,24912023:£82.8271 was owed to World ORT for rent12023: re¢harged expenses), During the year. the charity recelved £7,95012023: £31.4501 as donatlons wlthout condltlons from the trustees. Thls amount excludes any pled8es. 19 Prfor Year Reslatement The flnancial Statements have been restated to amend the allocations of Income and support costs to brlng In Ilne thls year's organisational structure whlch shows an Improved and more accurate reflection of the organisation and its associated attltY. 20 Cash (absorbed by)18enerated from operatlons 2024 2023 Surplus for the year 55,034 16,531 Adjustments for: Investment Income recognlsed in statement of flnan¢lal activltles Depreciatlon and impalrment of tanglble flxed assets 11,8141 3,640 11,5601 1,190 Movements In worklng ¢apltal: Ilncreaselldecrease In debtors IDecreasel/increase in creditors 14,2001 183,4421 43,981 63,931 Cash labsorbed by)Igenerated from operntlons 130,7821 124,073