2024-03-31-accounts

REGISTERED COMPANY NUMBER: 06786615 (England and Wales) REGISTERED CHARITY NUMBER: 1129591 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR AJEX - THE JEWISH MILITARY ASSOCIATION Mellnek Flne LLP Chartered Accountants First Flc>or, Winston House 349 Regents Park Road London N3 IDH

AJEX - THE JEWISH MILITARY ASSOCIATION CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Papo Report of the Trustees I to 5 Independent Examinei s Report Statement of Financial Artlvltleg Balance Sheet Notes to tho Flnandal Statsments 9 to 12

AJEX - THE JEWISH MILITARY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the Lhèrity for tl)e pui'pJses of the Companies Act 20061 present thell report wlth tlie ftnancial statoments of the charity for the year ended 31 March 2024. The tiustees have adopted the provlslons of Accountlng and Reportlng by Charities: Statement of Recommended Prattlce appllcable to charlties preparing thelr accounts in aCLordance wlth the Flnanclal Reporting Standard applicable In the UK and Republic of Ireland {FRS 102) (effectlve l January 2019). OBJECTIVES AND ACTIVITIES Objectlves and alm$ The Charlty is establlshed to advance the followlng purposes for the publlc beneflt.. I, 1.1 the rellef and prevention of poverty and the advantrment of health amonyst Jowlsh people who l)ave at any tlme seNed as members of the armed forces of the Unlted Klngdom and their familles, Iii paitlcular but i)ot exclu4vely through.. (a) the wovlslon of practlcal advlce and guldance to such IndSvlduals and l or thelr fomlllos, (b) I'he making of linanclal grants or the provi5ioiI of other asslstantt such as houslng andlor other amenlttes,. 1.1,2 the advancement of citlzon5hlp and the advancemenl of education througli the commemoratlon of Jewlsh people wl)o have (Iled whllst on actlve service wltl) I'l)e armed forces of the Unlted Kingdom, Iiicludlng through Ihe organlsatlon and staglng of commemoratlon and remembrance events and acllvltles whlch members of tlie publlc dre able to alteiKJ' 1.1.3 the promotlon of equallly and dlverslty by ellmlnatlng dlscrlmlnallon on the grouncls ol antl-semitlsni, adv<incing eductillon and raislng aw(Iiene55 of anll-semllism Lind promotlng actlvllles to foster Iinderstandlng between people from dlvewse backgrounds poitlculatly amon Jc st member% of the med forces of the Unlled Klngdoin,, 1,1.4 the advancement of e.ducation amongst the publlc regardlng the contrlbutlon of Jewish peoplc lo the armcd forces of the Unlted Klngdom, In particiilar bul not excluslvely Ilirough.. (a) the malnlenance of a mllltary niuseum oi collectlDn whlch acqulre5, conseNes, researches and exhlbits matemal as evldence of tlie Jewlsh contrlbullon tn the ormod forces of the Unlted Klngdom; (b) the deslgn and dellvery of lectures and worksliops In school and otlier educatlDnal settlngs regardli)g inatteis of Brlt15h Jewlsh military hlstory; 1.1.5 to promote the efflcloncy OF th¢ armed fOr￿S of the Unlted Klngdom by piovld5ng support to Its commlttees arKI struclures whlch relote to JLwlsl) SLINlng persoiiiiel,, 1.1,6 to promote arid support such ott)er Lharflable purposes as the trustees froin lime to tim￿ thirik Fit, Summary of Flnan¢lal Results Although the Statement of Flnanclal Activities shows Income of £1,971,766 In 2023, £1,663,722 was due to the merger of the Jewlsh Military Museum, A]EX Chcirltable Foundatlon ai)d AIEX Ihe Assoclatlon, and the transfer of net assets ii)to thSs entlty. Income from donation5 and legacles was £120,676 (2023: É247,344), Incomc from chai'ltable act'lvllles Was £46,243 (2023., £?.8,830) and Income from Investments was £57,037 (2023: £31,870), Inaklng lotal Incoille wlthout the transfer of £?.23,956 12023,, £308,044), ExpendSture durlng the year was £255,962 (2023: £259,407), meanlng 11)e charity had a deflcit on operati0115 uf £32,OOS {2023: £48,637 surplijs), Tho Investment portfollo mado lotal galns of E91,933 {20?.3'. 5107,295 losse.£) during the year (£37,350 rea51sed), brlnglng tho chcirity's results Io il net surplus of E59,927 {2023,. 58,658 deflcltl. The above trai)5fer of assets Ineant a large Ii)crease In funds durlng the comparative year, wStli unre*tricted furids belng £1,873,699 {2023: £1,813,172) at the reportln(J date. Publ1¢ benefit In settlng obiertlves and plannlng for actlvltles, the trustees have glven due conslderallon to general guldance publlshed by the Charlly Commission relaling to wbllc beneft( Includlng tl)e guldance 'Public benoftt., runnlng a cliaiity {PB2)'. Volunteers AJEX makes use of different klnds of volunteers throughout the year, lach sign5 a volunteer agroement wlth the charlty and are suppc)rted In thelr work by staff arid trustees. We are veiy gTaieful for the tinie that they contrlbute to maklno AIEX the most effective it can be. I'h15 year sèw in Incroase Iii new volunteers especlally al the Parade and for the Jewlsh Mllltary Museum collettion. Page I

AJEX- THE JEWISH MILrrARY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charltable artlvitie$ AJEX l)as had anothei. busy year. In addllion to the Parade and Remembrance season, early June we held a pofgnant cwemony at the Natlonal Nemoilal Arhoreium In Staffordshire with a large cadet presence. We also held In early July d Remembrance event at The US Wlllesden JewSsh Cemetery and the Llberal Jewlsh Cemetery. Present were many VIPS, local cadets, veterans and Inembeis, Wreaths and poppy markers were lakl at the memorial and at ihe Commonwealth Wor Graves slte, Prayers were conducted by Rabbl Reubon Livingslone.. Poctry was read In the prayer hall and added extra poignancy to the event. Prayers at Ilie Llbeial Cemetery were led by Rabbi Nathan Godlenian, The Parade and Remenibrance *ason was a powwful perlod where many stdff, tru51ees, veterans and others spoke at communltles and Schools emphaslslng the Jewi£h c.onlrlbutlon to our natlon. There weiE a varlety of ￿Ex Shabbat activities ancl Remember In Red ran In many prlmary and secondary EchoDls. AJEX was represented al the Royal Britlsh Leglon Remembran￿ Parade. Our own Parade and Ceremony att¥acted over 3000 partlcipanls and 3000 spectators. In the wake of Qclober 7th there were Inany fir5t-tlme maicliers alongslde the velErans, seNlng peisonnel, CST, commlinlty iJroups and famllles. We were dollghted by the prcsence of the JLGB aii(I the JFS Cadets. Our revlewlng offlcer Slr Mlchael wigston added gravitas to the day, We were so grateful to amazlng support from the CST and the Met Police, Thls year saw a bumper Issue of Mcnorah produced tcjgether wlth tho Armed Forces Jewlsh Comniun5ty. We contlnue lo supi)Drt uur member5, branches, supporters and donors, RegL51ar newsletters and social medio channels are used lo communicate wSth oiir siipporters. The LIEX webslte contlnues to bo Updat￿ and our suppoit pr'ocesses Iinproved. Qur welfare work conllnued this year wlth Indlvldiial grants beiiig pald as well as festlval grants at Rosh Hashanah, Chaii(Ikah and Pesach. Thank you to all our welfare team volunteers, with regard to the Jewish Mllltary Collectlon thls year saw the collectlon comlng fully under the control rjf hJEX JMA. We ternilrnated our agreeineiit wlth tho Jewisli Mu£vum LDiidon bylnqlrig the Items on dlsplay and also Ihose that worLJ in deop store under IUEX'S control. Wo mDved everythSn9 t'o Kenton wliere we have leased space io carry out a collections iiudit cind pursiie plans for uslng thc collectlon li) o plethora of ways, We also slarlcd uur Chaplalns, cards DI91￿511t1on proJLbrt with ic group of new voliinteci's working out of Kenton. Martln Sugarman has conllnued to ai'ronge for plaquos for ex-sejvlcemen and women to be erected and for graves to bo Inarked wlth a Magen Davld. And we liave taken part In vai'lous moving coreinonlos In thp UK and beyond, Fundralslng artlvltles Theie have been Inany ways we liave fur)dralsed Includlng iii relatlon to thL Parade. We have sought adverts, hlgh valuo donor connecilons, sales and our flrst fundralsing brunch wlth Slr Malcolm Rifkind as speaker. We have wotl(ed to encourage Inenibers lo pay tl)elr fees moro promFtly aiid to seek new nienibers. Wo havLJ also encouraged donatlons, We workod on grant api)Ilcatlons whlcli lcd to il Suc￿$sfUl grant from HLF and froni Rothschilds. A]EX has not used the servlces of any professlonal fundralser In the pasL year, Fundrai.£ing hds bceii led by staff, volunteers and trustees. We are a member of the fui)dralslng regulator. We are reglftered wltli thc Data Prote.ction Comni5ssk)ner and take sL5rlou£ly Its obllgatlons io safeguard the data wc held aiKI thls Iiicludes ensuilng that we protett vuliierable people from any pressure relat'ed to fundralslng. Investment pollcy The A]EX Inveslii)ent s￿￿C01￿mI￿ee cornprlse5 trustees who l)avLA signlAcai)t experience of flnanclal aiid Investment matters. The Investments are held ori tlie Transact Platform which also arts as cuslodlan. All Investment decisions a taken by the sub-commlltee after consultation, Tlie sub-conimittee is risk averse ai)d cOn￿ntrate5 on Investments wlth a strong track record, All transactions re.quirv. th&1 approval of more tlian oiie i)erson. Tlie Investnient objectives are to malntsln the capltal value of the portrollo whllst taking opportunltles to dlspose of any lowei. i)orforn)Ing investments In favoui. of addilions which wlll add valuo, In vlew of the receiit volatillty In Invesi'inent markets, the SLib-conimittee has avolded settlng short term target returns bLIt there 15 an overall objedive of a total retum of 7010 The sub-commlttee Is also uslng the Transact platform to Invest cash balances in order to beneflt from more aitraLtiv& inieiest rates. The sub-comrnittee Is mindful of sc£lal, environmental and ethical conslderatlon5 In ch0051ng and holding Investments. The current year galn on Invosiments equates to approxSmately 5%, The trustees are happy with the performanc£ of the investment portfollo over tl)e longer term, Page 2

AJEX - THE JEWISH MILITARY ASSOCIATION REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW ReseNes policy As al 31 March 2024, LIEX had fund5 totalllng 11,a73,699 (2023.. 1,813,772), all held within unrestricted Funds. Of thls, free I'eseives (comprising unreslrlcled funds less tsngible fixed assets, heritage assets and any chai'ltable comrnltments) totslled El,656,01712023'. £1,603,567). The Charlty's reserves pollcyls to hold free re5eNes to cover a mlnimLim uf 12 month5 expendlture. Whllst at year piid the Charity's free roseives exceeded thls flgure, givon the Instablllty with global events and Investment values In r￿nt years and a challenglng fundrèlslng onvironmenl, the trustees belleve. It Is approprlate at present to malntaln a hlgher level of reserves. Going concern After maklng approprlate enqulrfes, the trustees have a reasonable expectation that the charity has adequats resources to onunue In operatlonal exlslence for the foreseeable futuro. In reaclilng thls conclusion the trustees have con51dered tli¥ latest budgets and strateglc plan whlch anticipate Siicoine nd expendlture and the relate(I casli-flowf to be al. a breakeveri level over the next few years. Should a dellclt arise, tho charity has sufflclent Ilquidity hold In cash and Its Investments to susialn any shortfall for the foreseeablo future. For thls reason, they contlnue to adopt the golng cOn￿rn basls In preparlng the financlal slètements. FUTURE PLANS We Iiave a full programine planned foi. this comlng flnancial year and beyond Including; Events: Plans Include a speclal D Day 8Clth annlversary Beacon Ilghtlngi an event at the Natloiial Mernorlal Arboretum and (It Wlll¢sden Ceinetery d5 well as the Remembrance Parade and Ceremony alono wlth accompanylng actlvSty, Welfara: AJEX wlll contlnue to provide festlval grants to those In need at Rosh Hashanah, Chanukah and l)csach. We wlll provlde grants and flnanclal assIStan￿ to current reclplents and dealliig wth appllcatlons from potsntial boneflclarles. Educatlon: As hlghllghted above mucli educatlon woi'k wlll take place ai'ouii(l Natlonal Armed furcos Week Remembran￿ tlme In f%bvLJmber as well as at other tlmes of tlie year Involvlng vlslts to schools and communltles, JMM Collertlon: Tliere wlll be an audll of thLi collectloii, a clia￿aln'S card dlglsllsatlon projert. Followliig the collectlons audlt we wlll seek lunding for a dlgltlzatloii project as well (is investigatin¢J POSalbSe museuins across I'he country where artefatts could be placed to sliow the Jewlsh conlrlbutlon to our soclLtr. We wlll a150 bo looklng al creatlng a moblle exhlblllon. Coihbattlng aiitisemitism: AJEX wlll Lise all the above work wherever posslble to hlghlloht the. Jewlsh role In HM Armcd Forces both In the past and today. Iii our work coinbatlliig antlsemltlsrn we wlll conklnue to develop AJEX JMA'S relatloi)shlp wlth the Com muF)Ity Seclsrity Twst (c￿), Combined Cadets Force: hJEX wlll support the cadets Including having them on parade at the NMA and the Parad& Membership: AJEX wlll contlnue to provlde support to Its membership and provlde them with Menorah Magazlne and eady hooklng for events. We wlll be cultlvatlng new membershlp and new ways ol engaglng member supporters, Fundraising.. AIEX will look to build on the fundralsing that has taken place over the past iwo years especially frum the crowd fiindralsers. We will look al a Inlx of evenis, communicatlons and relationshlp biilldlng as well as grants and other aveniies of support. GOVernaD￿ and Flnance: It is vltal 11)at we L￿n1'Inue to ensu1￿ thdt our governi¢ nce meetg the hSghest standards a that we fulfil all our obllgauons. To this end, AJEX wlll hold I'egular trustee nieetings and subcommlttee mEetlngs. We will seek advlce from menibers of the advlsory board, seek approprlate tralnlng for tlie trustees, staff aiid volunteers and insure that safeguardlng, GDPR and othor respon5ibllltles are niet. Marketing and Communlcatlons: AJEX wlll comniunlcate with all strands of our memborshlp and supporters arrfl beyond uslng to all avenue5 op en to US, Monitoring and Evaluation.. All the work year wlll be subject to monllorlng and evaluatlon to ensuie that it dellveis our objectives effectlvel y. Page 3

AJEX- THE JEWISH MILITARY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 srRucfuRE, GOVERNANCE AND MANAGEMENT Governing document On the 1st Aprll 2022 the chai'ity merged with tl)e AJEX Charltable Foundatlon and the ￿Ex Associatioii to form AJEX The Jewlsh Mllllary Assoclallon charlty reglslratlon number 1129Sg1 and company number 06786615.The Articles of Association Set out the struclure, governanco and management of the charlty. AJEX ha5 branche5 affillatcd to It throughout tl)e couiitry, who pay <in annual afflliatlon fee (based on the size of membershlp) and who support all the charltablc actlviliea of the chai'ity. All Ilie Fnajor actlvllles of the Assoclatlon are carrled out thiough A]￿ The Jew15h Mllltary Assoclatloll. Recruitment and appointment of new trustees The managenient of the c.harlty Is the respoi)sibility of tlie trustees, Uiitll uthenwlse determined by an oidinary resolution of Ilie charlty, the number (* trustoe shall not be Icss than three nor more than Iwelve, iiicludlng the chalr elerted at an Annual Cjenei'al Meetiiig by the LIEX rnembp.r5. The trustee5 have the power to appoint rbew trustees at any tline. subject to the moxlmuiK nuiiiber not belng exceeded, provlded that the poslllun OF chalr Is subjpct always to electlon by tlie Alcx members, Declsion making The Iruslee bnard meet rpgulally durlng the reportlng porIL￿. The trustees created sub commlttees foi. Investments, flnan￿ and fundialslngi museum, educatlon and counterlny anllsemltism, welfare, branches ai)d member£l)Ip. Each conimlttee Is cliaired by a ti'ustee, There aro also piDJe£t teams that are created for vai'lous activitlLJS and evonts for Instance. the parade and remembric ric.e season, for the Charliy Fxtra cainpalgns. The whole liustee body and tlie staff tske responslbility for tlic area of T￿l￿emb1'anCc Iiidu(Ilnq the parade. Inductlon and tralnlng ol new trusteè$ All new trustees are giv￿ a copy of tho ciovei'nlng docuihent, a copy of the last set. of accounts and are made aware of all the charltable attlvltles takliig place ae well as Ihelr rcspoiisibilitles. They sign conlllct of Interest form5 and fornis foi beln(J both a trustee and J compai)y dSrector. On ali ongoing basls, ti'ustees are made of thL latest guidance avallable from the Charlty Comnilsslon. Rlsk management The Ti'usl'eos review the I'lsk reglster regiilarly and make sure that it Is updated ond amendeil as necessary. In al artlvltks Ilie rLsk to the charlty Is consldered and Whe￿ ne￿55alY mlli9atlon actlon tdken. REFERENCE AND ADMINISTRATIVE DETAILS Registei'ed Company number 06.186615 {fnglcind and WLile5) Registered Charlty number 112959t Roylstered offlce A]EX, Sl)lold House Harmony Way l.oiidon NW4 2BZ Trugtees Mr M S Bluestone Mr S L Crlss MI'DRFOX Mr J Kober MI'SHJPack Mrs R Smoeth Mr I P Sugarman Mrs S A Taylor Mr A H Yadgaroff Page 4

AJEX - THE JEWISH MILITARY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Mr Danny Flne, FCA Mcllftok Fine LLP Cliartered Accountants Firsl Floor, Wlnston House 349 Regemts Park Road London N3 IDH d by onler board of Iru51ies ￿ ... . and slgned on Its trkhalf by: Mr D R Fox - Trustee Page 5

Independent Examiner's Report to the Trustees of Ajex - The Jewish Military Association

Independent examiner's report to the trustees of Ajex - The Jewish Military Association (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

2. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabie in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Danny Fine, FCA

Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

:: ‘ :

Date: vo SIRIZIEE cee

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AJEX - THE JEWISH MILITARY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Unrestvlcted fund 2023 funds Notes INCOME AND ENDOWMENTS FROM Donatlons and legacles 120,676 247,344 Charltable artivities Ileinembronce Meinbership 32,067 14,176 25,689 3,L41 Investment Incotne other income 57,037 31,870 1,663,722 Total 223,956 1,971,766 EXPENDXTURE ON Rri151ng funds 5,110 9,496 Charltable artlvltles Rememhi'once aiid education Welfare Jewish MllStary Museiim 184,874 47,167 18,811 175,6UO 59,795 14,51G Total 255,962 259,407 Net galnsl{losses) on Investments 91,933 (107,295) NET INCOME 59,927 1,605,064 RECONCILIATION OF FIJNDS To&il funds brought fornaid 1,813,772 208,708 TOTAL FUNDS CARRIED FORWARD 1,873,699 1,813,772 The notes forin part of these flnancial siatemenL Page 7

AJEX - THE JEWISH MILITARY ASSOCIATION BALANCE SHEET 31 MARCH 2024 2024 UnrestriLted fund 2023 Total funds FIXED ASSETS Tanglble assets Heritage assets Invest'ments 5,423 207,501 1,357,598 2,704 207,501 1,285,046 1,570,522 1,495,251 CURRENT ASSETS Debtors Investments Cash at bank and In hand io 7,808 222,946 115,020 65,772 280,033 345,774 345,805 CREDITORS Amouiits falllng due withln one year 12 (42,597) (27,21J4) NET CURRENT ASSETS 303,177 318,521 TOTAL ASSETS LESS CURRENT LIABILITIES ¥873,699 1,813,772 NEf ASSETS 1,873,699 1,813,772 FUNDS Uiire51rlclod funds 1,873,699 1,813,772 TOTAL FUNDS 1,873,699 1,813,772 Tlie chayllable corllpany Is eiilltled to exeniptlon from audll, under SLaCtlon 477 of the Companies Act 2006 for the year nded 31 March 2024. The members have not requlred the company to obtalii an audlt of Its flnanclal statements for the year ended 31 Mardi 2024 in accordance wlth .Sectlon 476 of the Companles Acl 2006, Tlie trustees acknowlcdqe tlielr responslblllties foi, (a) ensurlng tliat the charltable company keeps accouiillng recoTds that comply wtih Sectlons 386 and 387 of the Companle5 Att 2006 and preparlng finiincI)1 stotement5- which glve a true and falr vlow of the state of affalrs of the charltablo comp3ny as al tho ei)d of each flnancial year and of Its sui'pliis or denclt for each fli)aiiaal year Iii accordfjnce wlth the reqiiii"emenls of Secllon5 3()4 aiid 395 and whlch othetwlse comply wlth Ilie requlienients of the Qompanles Act 2006 rLilatlng to flnanclal Statements, so far os appllcable to the charitable company. (b) These flnanclal slatomcnts havLI l)een preparod in accordic nce wlth the piovlslons appliLable lo charitable comp()nle5 subject to the small compai)ies reglme, The liiianc.ial statements were approved by the Boai'd of Tiiisl'ees and authorised for IssLie on 29 J.iil 2024 and were signed on Its behalf by., Mr D R Fox - Trustee The i)otes form part of these flnantlal statements Page 8

AJEX - THE JEWISH MILITARY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basls of preparlng the financlal statements The flnancial 5tateinents of the charitable companyi whlch Is a publlc beneflL' enllty ui)der FRS 102, have beern prepared in accordance with the Charlties SORP (FRS 102) 'Accountlng and Reporting by Cliarltles., Statement of Recoinineiided Practlce appllcable iD charilles preparlng thelr accounis in accordan￿ with the Finandal Reporting Standard appllcable In the UK and Republlc of Ireland {FRS 102) {effective l .lanuary 2019),, Finanaal Reportiiig Standard 102 'The Flnancial Reportii)g Standard appllcable In the UK and Republlc of Ireland, and the Companles Act 2006. The financial statements have been prepared under the historlcal c05t convei)tlon, wlth the ex￿ptIon of Investments which are Included at market value. Income All Incomo Is I'ecognised In Ilie Statement of FSnanclal Actlvltles On￿ the charlty has eiititlement to the funds, It 15 probablo that the income wlll be recelved and the amount can be measured rellably, Expendlturé L.labllllles are recognlsed as expendlture as SDon a5 there Is a legal or construcllve Obl￿atIOn commlttlng the charlLy to that expendlture, It is probable that a tron5fer OF eLoiioinlc bLinelits will be required In setdement and the amount of tlie obllgatlon can be measured rellably. Ixpendlture Is accountpd for on an accruals basis and has been classlfle(l under lioadlngs tlial aggr'egate all cost I'elated to the category. Where costs cannot be directly ttrlbuted to partlc.ulai' headlng5 they have beon allocated lo artlvllles on a basls conslstent wlth the use of resources. Tanglble fixed ?ssets Depreclallon Is provlded at the followlng annual rates In order to write off eath asset over its e5tlmated useful Ilfe, Plaiit and Inachlriory Computer equipment 25% on cost 25Vo on cost Taxation The charfLy Is exempt from corporallon tsx on its charitsble aclNIIIo5. Fiind accountlng Uni'estilcted funds can be used In accordanc.p with the charitable objettives at the dlscrellon of the trustees. Resliicted fund5 can unly be used for partlcular restrlcted Plirposes wlthln the objerts of the char￿. Restrlctlons aylse when speclfied by thL donur or when fuiids arc ralscd for paitlcular resL'rlcted purposes. Further explanatlon of the i)ature Eind purpose of each fund Is Includcd In the notes to the financlal ststements. Pension co$ts and otlier po$t.retlrgment benefits The charitable company operates a deflned coiitrlbutloii pension schenie. CDiilI'ibutions payable to tl)e charltable company'5 pension schcjme are cl)argod to Ihc Statement OF Financlal ALtlvlties In the period to whlch they I'elate. Legal status of the charity 'Ihe charlty Is a company Ilmlted by guarantee and ha5 rio 5haiE capital. Llablllty of each member In the event of whdlng-lip Is Ilmlted to Elo. Financlal lrtstruments Tho charlty only onters Into baslc flnanc131 Instruinents tran5attlon5 Ihat result In the reco9n5tton of financial assets and liablliUe5 like tradc and other debtors and credltors. Financial 055ets that are measured at cost and amortlsed cost are assessed at the end ol each reportlng perlod for objectlve eVkIen￿ of impalrment. If objectlve Inipalrment Is found, an Impalrment Ioss is recogni5ed In the Stateinent of Flnanclal Aclivilie5. Finailclal asts and Ilabllitles are offset and the net amolint reported In the Balance Sheet when there is an enfor￿ble rlght to set off the recognised amounts and there is an Intention to ttle on a net basis or to realise the dsset ur setue the Ilabi1Sty slmultaneoiisly. Page 9 continued...

A3EX- THE JEWISH MILITARY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 2024 2023 Inte￿st r￿1Vable on cash balance Investment Inconie on asts held wltli Transact 6,692 50,345 1,189 30,681 57,037 31,87CJ RAISING FUNDS Investm8nt mana9ement costs 2024 2023 Portfollo management 3,712 2,3411 NET INCOMEI(EXPENDITURE) Net Incomel(expendltureJ Is stated after chargingllcredltlng): 2024 2023 Depreclation - owned assets 1,808 722 TRUSTEES, REMUINERATION AND BENEFITS There were, no tru5loos' remlineration or other beneflts for the year ended 31 March ?.024 ncr foi. tho year elided 31 Mairh 2023. Tru$tee$' expenses Fxpenses relmbursed for trustees amounted to., Dai) Fox- £2,149 (2023 E920) Jonathan Kober - Ll.50 Ivan Sugarman - E184 STAFF COSTS The average monthly number of enipSoyees durliig the year was as follows: 2024 2023 Ernployees No eniployees received emoluments in exce55 of 160,0W. Page 10 contlnued...

AJEX- THE JEWISH MILITARY ASSOCIATION NOTES TO YHE FJNANcfAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS Plant and machinery Computer equlpment Totals COST At l Aprll 2023 Additlons 23,785 1,018 17,802 3,509 41,587 4,527 At 31 Mèrch 2024 24,803 21,311 46,114 DEPRECIATION At l Aprll 2023 Charge for year 21,082 930 17,801 878 38,883 1,808 At 31 March 2024 22,012 18,679 40,691 NET BOOKVALUE At 31 March 2U24 2,791 2,632 5,423 At 31 march 2023 2,703 2,704 HERITAGE ASSETS Total MARKET VALUE At l Aprll 2023 and 31 March 2024 207,501 NET BOOK VALUE At 31 March 2024 207,501 At 31 March 2023 207,5DI FIXED ASSET INVESTMENTS Liste(I Investments Unlls¢ed Inveslmenls Totals MARKET VALUE At l Api'll ?.023 Additioiis Reclasslficatlon/transfei' 1,205,879 151,719 79,167 1,285,046 151,719 (79,167) (79,167) At 31 March 2024 1,357,598 1,357,598 NET BOOK VALUE At 31 March 2024 1,357,598 1,357,598 At 31 March 2023 1,205,819 79,167 1,285,046 There were no Investment assets ouiside the UK. Page 11 continued,..

AIEX- THE JEWISH MILThARY ASSOCIATION NOTES TO THE FINANCIAL sfATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2024 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued incorne 7,808 65,772 11. CURRENT ASSET INVESTMENTS 2024 2023 Cash In Investinent portfolto 222,946 12. CREDITORS: AMOUNTS FALLKNG DUE WITHIN ONE YEAR 2024 2023 SDclal secui'lty and other taxes Other crediloi's Accruals and deferred Income 1,476 13,915 11,891 11,816 30,781 42,597 21,284 13. RELATED PARTY DISCLOSURES There were no rLlated paty transartlons for the year ended 31 Marcli 2024. Page L2