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 

4. 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 

Page 6 



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 as*ts 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 as*ts 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 nc*r 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.
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