(Limited by guardnt¢e) Cornpany Number 07114903 Charity Numbtt 1136532 And Financial Statements For thc Year End 31 2023
Contcnts 14al and Administrative Infomialion Tree8. Rq IndCpffldt Auditor's Report 7-9 StatOnt of Financial Activities io Baianee Sheet li Cash Flow Ststemrnt 12 Notes to the Financial Statements 13-20
Page I Lyl and Admilli*e Infor)Datio• D Goldberg (Chair) J Ebner (resigned 28 Febuary 2024) DKay P Ve¢ht N Scbiff (Chief Executive) Company Sttretary D Goldbw8 Prilleip AddreBs and Rwsternl Office 379 Hdon Way London NW4 3LP Detalls of Incorporado Thc was incorw)rated on 3 January 2010 in England aud Wales Und compaTJy registration numb¢r 07114903. and was registered with the Charity CommissioD oll 22 June 2010. govancd by its mcmordndum and articlcs of &ssoclkno charity number 1136532. BAnkers National We8tmin8ter Bank PIC 21 Gold¢rs Green Road NWII 8EB Aiiditor# Goldwin8 Limited 75 Maygrove Road )ndi) NW6 2EG
Page 2 The Tnkn. who are also Directors of the Cbarity for the Purp of the Colluw]i¢s ACL sthmit their annual rwt and the tiiianLidl statem4xts of JR(x)ts Ltd (the Company) for the year ended 31 Decem 2023. The Trust confirn? that the aDDual report and financial stsiemts of th¢ Company comply with current stathti)ry requirnCty the requirem of the CompaDy'S govatiing dOcUt and the provisions of the Stat¢mfflt ofRecommendfyJ Prnctic¢ (SORP)"A¢¢ounting and Rq)ortingbyCharitiGs- issuryj in 2015. JRoots Ltd is a Cowy limited by guarantee and Tcgistued as a charilablc CoD¥)any. The ¢haTity's objects are sct out below in the Clwity's objectiv and Aclivitics. Th¢ TJustec4 who are akn th¢ dITt0[S for the purp of Company law, and who suved during the year were D Goldba& J Ebner, D Kay, E Irf P VechL N Schiff. None ofthcTruthhave any b¢neficial interest in the Company. Jewish Fukn Trust Limite4 th¢ para)t Companyg is the only member of JRoots Ltd and guaranttts to o)ntribute £1 in the Ct ()f a winding up. Thue are DO sIfiC rastrldions imposal by the 8ovanin8 document concerning the way the charity can opcratc. The managernt of the Company is the rwbility of the TnL$l who arc clccted and COwOPted under thc tern)s ol. the ArtirlGs of Association. The numb¢r of Twste&s shall iiot be subject to any maximum but sball not b¢1¢ss than two. Appoin¢meRt of Trllste Thc appointment and training of a new trustee is 8ubje£t to thc ovcrsigbt of curreA)t trustce& New tnle¢S are given a brief itidu¢tion by the charity's legal advi80TS on theirrespoMbilitie8 in accord with the requirements of the Charity Commisston&s. They arc also given an in(tuction by the current bustees arding th¢ a¢tivitias of the dwity and its statutory re)ibl1lltie Chthty'i ObJ¢¢tlve• and Aetivll JR(x)ts u)T¢ objectiv¢ is to facilitste IttutV¢ J¢wish culturnl and aluc41ional EIlenceS. This eXp)e0cC is a powerfid pthgo8i1 tool that sv¢S to inspire and rAlucatc Jews of all backgro affiliations and age4 e8peciaily when combined with travcl to places of Jvvisb intttast, worldwide. JRoots cott Obj1]y¢ 18 to facilitat¢ Jewish journws to Intanatial as well a8 domthc de&tiDatioo8 that tell a Jewish 8tory. The immersive educational and cultural expaiencts or8ani8ed hand in h8nd with group8 from all backOld4 affiliatiODS and ag¢ gr(nw combine to create MonumthI milestones in PgTticipHnts live& JRoots was LYtabli8hLxl in or(kY to visit the ¢ngAg¢ with thepIrt and )1¢ the future of a vityant Jthwish cAxnmunity whos¢ manbffs play active roles ix)th in th¢irown L¥JmmunAties and in ldY JRLM)ts' d¢veloptsJ a particular expertise in organising momentous inforn)ative and inspirational journeys to PolatMI and Oth Europ sitts with rip(Kt to Holocaust educion. Ext¢n¥i internction with Holoca Survivors(including the latest te¢hnological and profwionai intervicwing and recording ofthcir t&st1[les. lifr ¢xpryi¢n(e and wisdom through d0a]mtary film productionk plaKs JRfy)ts guid and edu¢ors in a uniqu¢ly powffful position to Amp8rt knowleAl8¢ and valucs to the YQUDW g¢¥crtion.
TnLts' RqM)rt (continu&l) Charity's Objectives and Adivits (nIled) By sharing with participants an intitD pasonal and bands on connec11( with the p& the clwftty to instil a deq) salse of historic pride and rWNmbl]ity to sh(Mthlff Iship and mOTal leadusbip within society. This includ&% combatting Holocaust d11 and standing up for d¢y. tol¢wc4 volunt¢oisn and JRoots has bme the largest providtr of Holocaust related educatiojjal journeys in the U.L Jewish mmill)ity. Ovw teccnt years the scope of education journeys has expanded iwoDd to include Lithuani4 Uknaine, Cze£b Republi4 Spain, Morocco, Portugal. Ista¢l and Greec JRoots continut0 produc¢ knp quality educational rnaterAa] iti the foTm of books workboth and workshops rnany of whi¢h have beLX)me the mainstsy for groups visiting Holocaust sites in Europ The charity has invested resource over many ycaTS in prOfs1ona1lY rrdIng life IGssons and t&8timonies of Holocaus Survivors worldwide in ordtt to educate future ga)aions. These testi[Doni arc of a uiiique quality in their p&lagogi¢ai focus which reaches beyond the stark eVIdtial cOntt ti) probing more deeply Anto un1vcl life I&w)DS that can bc passal OD from Survivors to yOUDg pcoplc in particular. Over 21J) Survivors have been recorded. Having facili1 the return of llume Survivors to leal educati(mal journcys along with large StUdt groups. JRoots now aim4 via thc continuit)g production of both long and short dooun¢vtsriffj for P1¢ to come &8 close to neding- a Survivor as p)&8ible. JRoots plan8 to build free on]in¢ access to archives that will both bring th¢ Holocaust naTrntiv&% of numezous Survivors to future gerationS. We believe that Survivors can also be the tcachcrs of e&wtial lifc issue4 values and sthse of idaltity. SiDC¢ inception many fuu length (k)GuMtar]e5 have been produthl along with tos of short but inVable life le&wDS ¢l)nvcyed by SurvAvors. There are a num of such series in production. These includ¢'Yim¢lGss Wisdom from Survivors- serits* 70 FaS and more. The multimedia division prides itself on the high quality of its work which it achiev&s througb the efforts of skilled and experienced wsonnd. Some of the consultants have worked at placcs such as the BBC, Sky and many other lry professional ouffits. Aedve m¢mb¢r of J¢whh Fut•reJ Gromp JRoots is an active membtrofthe J¢wish Futur¢s Trust group of charitie4 the sol¢ m¢mbcrof which is Jewish Futuras Tnt. Jewish Fukn Trust provides cajtrnlil h1 office seTvices to a]1 the group chaTiti¢s to le the group to bcnefit from economies of scale and shared s¢rvic4s. ChTiti in the group are actively ¢oura8ed to benefit from thc scrvices of each other where sbared exp1$¢ will facilitstc bctter use of rwuw. All the ch8Tities arc rnGouTrgal to nm thcir overse&8 trips through JRoot& There was a strong demand for internation81 ethlctition trips in 2023. JRoots rA)mpletcd 84 trips supwting 4,187 participants (2022 ()6 and 1834 participants). After the events in ITh1 on October W 2023, and the rise in anti-semetic incident4 several winttt trips in Europe wett ¢anc¢ll¢d and the war on the Israel border has impacted trips since although at the time of preparing this report trip bookings are incrwing and JRoots exEttts to support even more trips and participants in 2024 than 2023. able to offff th¢ most inLmersiv& expeTie¥)tial trips for UK and internationd participants. The Clwity continual the prothction of 3D filming tthiqu4s for Survivors of th¢ Holocaust to capture individual tastimony to develop an imniersive interactive exwiencK for fukn to hear and se¢, in 3D.
Page 4 Tnte<S. Rwt (Continud) During 2023 JRoots ovcrail inL¥)llK from Fwti¢ipants inCread from £1569,934. 2022 to fA,827J69. DoDations gcnual and designatal drea from £505.InO to £294.942 (2022 included a wial Uknaine appd) and overall the Charity generated a Wrp1 of £166.405 (2022: £2715161 studa)t.level program participants and aluroni to a numbff of philanthropists who with our charity All of kn. &PditUre is fo¢us&l on creating the wide range of successful bigb-quality ethicational ¢ourses and wwlar. impactful activities that deliver our statcd clwitable objectives. Fundrahlng JRoots is committed to the big1 standards in fim(knisin& At all times it aims to that its proca and staff r¢StruL opc4 honcst and aLxoulltabl¢ to our supporten and the wblic. JRoots is a mcdium sized ¢barity thatprincipally raiscs funds from indiviiluals. family InL8ts aiid f()undttiion and companies who have a comiection with and wport the work of the CPTIty. its approach is generally on a personal level, but the group also rdiw fifftlts through community evcnts and artiviti. Fw]draising approarhas made by JRoots are personal and targd&( focussed on thos¢ individuals and institutiODS who have exprased int¢rrst in its work. JRoots does not ¢Dgag¢ in large scale fundraising activities like mass mailiw unsolicited telepbonc fundraising or dOor.tdo0r ¢ampai8D& JRoots has a small fimdrnising team. The Chief Exvxutive is rwsible for the day to management of fundraising activiti¢& Th¢ Tntstees provide oversight of funthaising strntegy and de]ivery. The Fundraising Te4m receive regar training and guidanLY and aim to adhffe to m&hods of bast PTa¢tise including the FuodrnisiDg Rcgulator's Code of Fundraising Practic Under no cir¢umstance8 docs JRty)ts shar¢ personal infornution of its Supw)rt for the purposes of third There have beaj no comp]aints about fimdraisiDg activities rt in the year to 31 December 2023, or 8ubsrywendy. JRoots has not used third pty organis8tiaos for its fid[a]SIng ¥tiviti&8 during 2023. Key Rhk8 gnd Uneertalntiej The Tr91¢¢9 have as5esscd the major risks to whith the ¢harity is exp05aL and are satisfied that SY arc in place to mitigate ¢xrx)¥urv tv th¢ major rn¢4k$, A rcduGtion in donor b&¢t could cau8¢ flow i&8u4 any ddayd ret£ipt of pledged donations income Could also wetIallY cause ¢a8h flow iL The major risks facing the clwity are reviewed regularly at management medings. R¢gul¥r reviews of cash flow projeLtiODS and budgd forecasts arc also ulldatske &8 well as a o)ntinual drive to reduce eXpdItUre
Page 5 Tn. R4rt (continued) Public Benefit The acknowldge the duty in Section 17 of the Ch&ities Act 2011 to have due regard to the (%arity Commission's lished geTaI and rdevant SUlFs guidat)ce on b]I¢ bffjcfit. All activiti und¢ by JRoots ar¢ for the w11¢ benefit. With a focus on providing Jewith (Xt history and haitagc activitic% the QTganisatsi)n's opu*ion is w much to provithng ben¢fit to the Jewish and wits community as 18 bighlighted by activitias rwteAI h¢r¢in. By sharing with today's geration of J¢ws an uDdthg of the pas¢ the Charity ain)s to instsl a sense of mornl responsibility. CitizeIlp aDd Icadasbip within socidy asa whole. This will alsocontinueto be¢e4)tral to its future plans, Pla•8 for the Future The main activity of the Charity eontinues to be the provision of edu¢atiorJal journw educational seminar produ¢tiOD of eAlucational materials and documentary ffln)s and books. JRoots needs free res¢rv to ble it to fulfil its Chilable obligation$ and commitments that it ¢JJt¢rs into. Th¢ Charity 8180 requires rese8 to a)sure continuance of these obligatiS in the eVetility of any unexpthi revrnue shortfall. The Trusteu aim for the Charity to hold free re8ffve8 equal to not l¢ss than 6 months of IrMal nmning com approximately £450,000. As at 31 Decembtt 2023 free reserves were £765,776 (2022: fA87.9101 Statement of Truthei, Rwfywil)ilitie4 Th¢ Tnte£S (wbo also the directors of JRwts Limited for the PUryK>ses of Company law) are rwsibl¢ for P>Tq)wwg the Rq)ort of the Trustees aod the financial statements in accordance with applicable law and Unit&1 Kingdom ACUnting Standards (United Kingdorn GMera]ly Accq)ted Accounting Practice). Company law wuires the Trustees to prq¢ financial stataothts for fiDan¢ial year which give a true and fair view of the slate of affairs of the charitable CotDpany and of the in(x)ming rtSoU and application of resourc¢4 including the inrA)me and expaiture of the charitable Company for that perio(L tn prq) those financial Statemt& the Tn]st¢es are required to: Select suitsble accounting policics and then apply them consisthtiy: observe the mdhods and principles in thc Charity SORP: mak¢ judgements and &stimat&s that att reasothle and pruden¢ Prcparc the finuncial statements on thc going conc(¥n btisis u]Lie88 it is lnippr¢ to pr&q that the ¢haritabl¢ Company will continuc in busina
Tn. ReN)rt ((thinU} at any time the finanrA81 position of the tharilable and to enable them to ensure that th¢ knial th¢ charitrblc Company and for taknDg reasonknk stW5 for th¢ prevention and detection of frawl aDd other irregularities. thcre is no rclcvant alldit information ofwhich thc clwitabl¢ compfins audikn are unawr and the Tn have taken ail stcps that thcy ought kn Imve taken to make themsclves aware of any relevart audlt Information 2nd to establish that the lluditors are aware of that illfonnati. Small Compa•ks Exompthn In prepqring this rqxrt the Directors have thantage of the srnall (x>mpanles by 8eaion 415A of the Companies Ao 2006 Goldwins Limi*4" will be prnp)&ed f(K 8PPOintD•rt at the fOr1h]ftg Annual Gelmi Medin& ON BEHALF OF THE BOARD:
Pagc 7 JRoots Limited Independent Auditor's Report to the mem1$ of JRoots Ltd Opinion We have audit¢d the fioallcial statements of JRoots Ltd for the year ended 31 Decemkn 2023 which compri the Statement of Financial Activitie4 Balance SheeL Statement of Cash Flows and noles to the financial stateMell including significant accounting lIcIes. The finaucial rqx)rting framcwo that has been applied in their prq)aration is applicable law and United Kingdom Accounting Standard includlng Financial Reporting Standard 102 The Financial Reporting Standard appjicable in the UK and Ryblic of treland (United Kingdom Gen¢TaUy Accept&l Accounting Practice). Tn our opinion the financial statemen. give a t and fair view of the stale of th¢ ¢haritsble company's affairn a8 at 31 DecAnber 2023 and of its incoming resources and application of re8our¢es. inc]udiDg its income and pendiikn for the year then en(kiL" have been properly prepar&1 in Xcordance with Unit&l Kingdom Gencrally Accept&l Accounting Practice: and have been pr¢par1 in accord with the requirements of the Companie8 Act 2(K)6. BASIS for opinion We conducted ow audit in accordance with International Stgndard8 on Auditing (UK) USAS (UK)) and applicable law. Our resp)n&bilities under those standants are fith described in the Auditor'$ responsibilities for the audit of the financial 8tat¢rn¢nts section of our reswL We are illdepdellt of the dwitsblc cornpally in accordance with the ethical requirement8 that are relevallt to our audit of the financial ststements in the UK including the FRC'S Ethical Standar4 and we have fidfilied our other ethical reSP)bIlitieS in accordance wxth Ihese requIrts. We believe that the audit eviden wc have obtained is sufficient and appropria to provide a ba8is for our OPiDiOn. CoDdu8lons reladng to golng eoncern tn auditwg the financial 8tstement4 we have concluded that the tn. u8c of the 80ing concern b&8i8 B&sed on the WO we have perforn)rf we bave not idenlified any material uncertainties relaling to events or conditions thaL indivithjally or collectively. may cast significant doubt on the clwilable compan$ ability to continue as a going concern for a pttiod of at least twelve months from when the financial stat¢ments are authorised for issu¢. responsibilities and the respM)nbjj1tieS of the ttee8 with reSpt to going concern deml)ed ill the relevant sections of thi8 report Other inforrnatioll The trustees are T111e for the other lofornl10n conlained within the annual reporL The other inforniation comprises the infOrntioll included in the annwil reporL other than the financial ststements infornlI0ll ¢xwt tr) th¢ extent oth¢nvise explicitly stat¢d in our reprt we do not expre88 any forni of assurance conclusion therco Cknr ra$pOnbility is to read the other irfornti0n an4 in dolng so. consider whether the other infoEmation is materially inconsisknt with the financial staternts or our knowl¢dgc oblaiued in the audit or otherwise ap)PLar.% to be materially missts*d. If we identify such material incO81¢CI&8 OT misstsknt in the financial statements themselves. If. bAsed on the WO we have wfornie4 we We have nothing to re)rt in this Tegard.
Page 8 JRoots Limited Independent Auditor's Report to the Members of Jlioots Ltd (eontinued) Opinions on other rnatter8 prescribed by the Companies Act 21)06 In our OPiDion based on the wotk undertakn in the course of our audit the inforntiOll given in the 1Thtee$. reixiTI which includes the directora, re[ prepared for the PU)$¢8 of company law. for the fiDancial year for which the financial statements are prq)ared is consistent with the fiDancial statemeffjts: and app]icable legal requIreMts. Matters on whlch we Are required to report by exception In bght of the knowledge and undersknding of the ¢lwitsble company and its enviroDm¢nt obtsined in the course of the audiL wc have not identified material mi&8tatenMts in thc directors. report included within thc Trustees. rqL We have nothing to rq)ort in respe¢t of the following mattcrn ID re]Ation to which the con)panI Act 2006 rquirGS US to rert to you if. in our opinion: adequate accowiting re¢ords have notbeen or Ce] dil08ureS of trustces, remuneration 8peGified by law atc not madc. or we have not rcccived all the InforntiOn and explaDatiOD8 we require for our audit or th¢ trustees wer¢ not entided to prepare the financial ststements in accordance witb the Sn11 ¢ompanics regime and take advantsge of the Small companies exemption in pr¢parAng the Int¢¢$' reporL Rwnslbuities of tru•tetB As explained more fiY in the trtee8, re4)oLqiI)i]itses gtatement set out on pages 5 and 6, the trustees (who are also the ditectoTh of the dwitsble company for the Pu4eS of compaDy law) re5poDsible for the pteparntion of the financial statements and for beiDg Satisfied that they give a tru¢ and fair view. and for such internal control as the trus*es detern is nwe5sary to enable the preparnlion of fJnanGial 8tstements that are free froni materid mis6taterncnL Wheth due to fr&ud or error. In prepuring th¢ linancial statements, th¢ are reSpOl1)le for asse&8ing the cjjaritable company's ability to o)ntinue as a going di8closin& as appticable. matters rclat&l to going concern a1 ing the going concan basis of accounting un1¢&8 thc Inlee& either intend to liquidate the clwithble company or to cew operations. or have no realistic ternative but to do so. Auditor's re4n111tieS for the audit of the fillancial statements Our objeclivcs are to obtaill r¢asonabl¢ about whetlw the financial statrnnents as a whole are free from rnaterial misstatemenL whether to frnud or effor. and to i&sue an auditor's report that includ&s our opinion. Re&sonable assur&Dck is a kn'gh level of assuTance. but is not a 8uataote¢ that an audit Londucted in accordance with ISAS (UK) will alway8 d¢ttaatrIalmisJ[ULcMeDtwIKll it exists. aggregate, they Could rOnablY be expected to Intlu th¢ economic deci8i()ns of users taken on the basis of th¢se fioaaciai statcm¢nts.
Page 9 dependent Auditsr's Ryrt to the Members of JRoots Ltd (continued) hregularities. including fraud, are illStancc5 of non.compliance with laws and regulatioLs. We dasign of IegUlaTities, including frnud The extent to which our proce4th]rn are wable of detecting We obtsIn an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulats.ons that have a diTect effect on the deterntiOn of Materi amounts and disclosures in the finaocial Statements. The laws and r¢gulations we considered in this context were the Cbarities SORP (FRS102) 2019 and Companies Act 2006. in¢luding fra to be the oVride of contro18 by nwwgem¢nt and th¢ ognItiOn of income. Our audit pr(kn to respond to these risks inchmkd enquiries of management aly)ut their own idenlification and assessjnent of the risks of irregularAtic4 Sample testing on tbe wsting of journals. sample testing on Owing to the inberent lin)itstioJLq of an audiL there is an Uwivoidable risk thAt we may not have dcted kxrfornied our audit in acwrdance with Auditing standards. We are not responsible for preventing non. COD]pliancc and cannot be expected to deteci non-wmpliance with all laws and regulation Thc8e inherent limitatiODS are particulaTly significant in the ¢w of misststement resulting from fraud this may involv¢ sophisticated 8Ghcmes d&signed to avoid detection, including deliberate failure to record ti7nsadioD4 Collusion or the provisAon of intentional MisrepIatiolls. A further description of our responsibiliti¢8 for the audit of the fJnaDcial 8tstements is located on the Fina111 Rerting Coullcil's web81 at: www.frc.or . nsibilities. Thi8 description forn part of our auditor's rq)ort. U of our report Thi8 rq is made sokly to the clwitabk company's members. as a body. in accord viith Cbapter 3 of Part 16 of the Companies Act 2006. Our audit WO b&8 been undeTth 80 that we might state to the cbaritable company's tnembers thos¢ matta5 we reqUid to state to them in aD audiwr's report and for no oth¢r PK)S¢. To the fullest extent permittcd by law, w¢ do not accept or assume spOnll1ty to anyone o¢1 than the chaTitsbl¢ company and the Clwitable company's as a Lx)dy. for ow audit wort for this rqJotL or for the opinions we have fijrnic Anthony Ep for #nd on behalf of Goldwin8 LLmlted Stathtory Auditor ChArtered Aceountsnts 75 Mygrove Road West Uwnpslead London MV6 2EG (s 'or Statutory Auditor) Septeniber 2024
Page 10 JRoots Limited Statement of FinaDcial Activities for the year ended 3 l D¢¢¢mber 2023 2023 2022 Total Funds Totsl Funds In¢one: Donations and legaci 228,469 66.473 294.942 505.070 Participant payments 4,827369 1,104 4.827J69 1,104 2,569.934 5.533 Total ineome 5,056,942 66.473 5.123.415 3,080,537 Expenditure: Raingfynf.' Donor fimdtaising costs 1.690 1,690 1.837 Ewnditiwe on charitable aclivitw.. Cl)aritable donations activitie8 352.627 4 425 434 352,627 4 602 693 126.893 2 680 ?91 Total expellditure 4.779.751 177,259 4.957.010 2.809.021 Net Incomel{expendl¢ure) for the year 277,'19l (110.786} 166,405 271,516 Reconelllatlon of fwid8: Tothl funth brougbt forward 120 139 610 748 339 Total fund8 carried forward 767.800 9.353 777.153 610,748 The Statement of Financial Aclivitics includes all gaiD8 and losses rwised in th¢ yew. The notes on pages 13 10 20 forni part of the8e acwuot&
Pageii Company nuuther Irii14 As at 31 Dece4nber 2023 Not¢ 2023 2022 Tall711c li 1024 99 12 564.162 217 423238 451 C4sh and in hond 1570379 1,875,143 Cralltors: Anwvnts falling within onE y 13 Net eumit Net Alsets Tn.153 610.748 16 16 767SOO 120 139 T4)tsi funth Tn.153 610.748 c¥ADpanies wbiect to the S11 ¢ompmi¢s tCBimc within Part IS of the Companie5 A¢t 2006. The a¢cowts were appToved by th¢ trustees and authoris¢d for i88w on21 Sq*ember2024 The notes oo pys 13 to 20 f(Nm P of thae aLrouAts.
Page 12 Ststement of Cash Flows As at 31 December 2023 2023 2022 Cash flows from operatAng activlties: Net 1min(Out80ing} resources 166.405 675 271,516 900 Loss on disp)sal of tangil)le fixed assets {140,925) 486 093 (187,558) 785 686 Net eash provlded by operating activities (459938) 870,544 Cash flow8 fron Inve8dng a¢tlvltle* Pur¢hw of tsngible fixal a88cts (Rq)aYing)WIllg of fimds from CBILS Loan Scheme Additional l (rq)aymcnt) of credit card loans (250,0(X)) (2,428) 14250 Net CAth generatedl (uwl by) inveslillg aetfvltkj 14250 (252.428) Change in casb and cash equivalents in the year (445.688) 618.116 Ca8h and cdi equivalents at the beginning of the year Totsl cuh And elih equlvalellts at the end of the year
Page 13 Notss to the Accounts- 31 D¢m 2023 Company infonDalion The wincipal athivAty of JRLXAS Limited is the advancement of Jewisb and cuhure. The Company is registed as a charitable Company limited by guarnltee (CompaDy Dumkn. IYII 14903. tharity number 1136532). It is IncoTpoCd aodiknnicilediD theUIL Th¢addrsoftherevst office is 379 Hu)don Way, Londo NW4 3LP. Aeeou*lint eonvention The financial %laiLiiients have been prepared under the hislorical cost cAmvention and in accordanc¢ with thc Statement of Recommended Practice, Accounting and R¢Tting by CharAtie8 (SORP 2015), applicable UK accowiting standards in¢ludllig the Financial Rqti Standard applicabk in the UK and Republic of Ireland (FRS 102). and the Companies Act 2006. Th¢ Company meets the definition of a public benefit entity Wmler FRS 102. A&8ets and liabilities initially lS¢d al bistorical cost or traDtion value Unless oth¢rwi8¢ 8tsted in the levant policy notes. The principal acKmIlng policies adopted in th¢ preparation of the financial stslements are as follows: b. Income All incoming rc50ur¢¢s at¢ iD¢ludryJ on th¢ Statcm¢nt of Financial Activities wh¢D th¢ Charity is legally cntitlcd to thc IDLMe and the amount can be quantified with re&S0ble accuracy. EXpdIture is accountoa for on an aCcnS basis and has classificd unts bcadings that a8ate ail cost related to th¢ category. ¢osts caDnot be dire¢t]y attributed to particular heathngs they have been allocated to activities on a basis with the use of r&qour Charltable a¢tivilieJ ChaTit&bl¢ activities comprAse those costs incurr•l by the Charity in the delivery of its activities and services for its b¢fiCiaTI¢s. It indudes both costs that ¢an be allocated dirrftly to bi)ch activities and d¢ costs of an indirect nature ne4xssary to supprt them. Governance costs Governance costs COtr4)TiS¢ those cosL8 a&8ociat¢d with me&iDg the cun4liliilional and strategic requiremcnts of the Cbarity and the audit and costs linked to the sltategic llgetnellt of the Charity. Allocation and apportiOAment of ¢0 Ovethead and costs rdating to clwitable activitics bave been apporfiffled based on stsff Tanle fixed assets Dq)reciation 1$ provided 8t th¢ following annual rates iti ordry to writ¢ off eath asset ovff its estimatd 1 life. Fixtures and fittAn8S Computer quipmo - 25°A on Teducing balance - 250/0 on ru¢lti8 balance
Page 14 Notes to the Accounts- 31 Dc£wbff 2023 Attollnilng Poli(ies (coni)nned) FL Taxation The Charity is cxempt from ¢OTporation tsx on its tharitabie a¢tiviti&8 Fund accouni)xg UDT&8tri¢ted funds can bc usal ID accordance with the chatitable objectives at the discr&ion of the Truste4S. Rastricd fimds can ODly be used for paTticu]ar retri¢t¢d within the objects of th¢ Clwity. RestTiCtions aTiS¢ Wh specified by the donor or Wh fimds are rnised for partiru]ar Further cxplanatiOD of the nature and PUTPO8e of each fimd is included in the notes to the financial Liablllty rnnoll Liabilities are rwIS as 8wn &8 thsxe is a legal or constructivc obligation Committing the ChaTity to the expdituTe. Translatlon of forelgn currenck• Monetary awts andliabiiiticsthnominated in forcign ¢UTrenciesarctranslated into stfflin8 at rates of a¢hange ruling ai the b818nce sheet date. TTansactions in foreign currencits are translated into sterling at the rate Tuling on the datc of thc Exchange gains and lo&ses are recogniscd in thL Statement of Financial Activiti. Finanaal Instruments The ChaTity holds only financial a&*ts and financial liabilitia of a kind that qualify as basic financial instruMlS. Basic financial instrum¢nts include ddrtors and ¢reditors. Debt0 and creditors ar¢ initially rcwgDised at transaction value and subscquently measured at fair valu¢. Note 19 provides mor¢ inforn)ation on financial instruma)t5 wh¢ thture casb flows are anticipat with financial assets refenyng to debtor bal4nc¢s excluding prepaym¢nty and financial liabilities referring to all creditor balan5 excluding defar¢d inLX)me and othw tsxation and social seawity. nL Golng Concern Having reviewed the financial positio the Tntea$ CODsidtr that with current e&8h resou gencral potential ap1 for fidraiSin& and a fuu thule for futu trips. there are no mateTial wicertainitiaq about the Cbarity's ability to Continue as a golng concern and have TeasoDable expectations that the Cbarity has adquate ra$Our to cmitinue for the forL8eeable firturc. Accordingly they continue to adopt th¢ goiDg concern b&sis of accounting in preparing th¢ Government Grants Grants ate a(xounted for under the perfoll¢¢ m(thl as perniitted by the Chatity SORP. basis over the furlough wiod for ea¢hrelevant enwloyee.
Pagc 15 Not&8 to the iiecounts- 31 Dee¢mbu 2023 3 Key judgements and estinute8 In the application of the CharAty'S accounting EK)liciffj vthich aTr des¢nl)ed ill note 2. Trus*es are required to make judgements. eSliM and assumptions about the wing values of a&8ets alld liabilities that are not re&lily apparent from other sourc¢8. The estimates and uthying awtions &rc based on historical ¢xpcricnG¢ and other factors that are considered to be ttl¢vanL Acts results The estIllte5 and underlying assumptions are vieWed on an on.going basis. Revisio to accowiting estimth are r¢cogni8ed in the period in which the estinte is revised if the revision affects only that period or in the per1 of the revision and tUre periods if the Tevision affects the current and futt¢ The consider that th¢re are no Mata] judgements in applying accounting )]1¢1¢$ or kcy Income from donadoD8 And leyde8 2023 2022 294,942 505.070 Income from ¢harttable actlvides 2023 Thp aDd event participant payMts 4.827J69 2J69.934 Ckher income Furlough grants under thc Job Retcntion Stheme Bank intaayt rcc¢ivcd i.1( 5.533 Donor hndral8ing costs 2023 2022 t)onor relations Supwrt ¢u¥ts 1,497 193 1.635 202 1.690 1.837
Page 16 Notes to the Accowits- 31 Dw¢mbff 2023 Basis of allocation Clwitable Supimxt. Gov&nan activities 2023 2022 Totsl 101212 67.475 168.687 114575 Programmc tiip pdItuTe Direct 4.141.804 4,141,804 1295,912 Fi]m and book produdion 77.911 77,911 68282 office Audit fea8 208.759 208,759 5,532 198.222 3,3 5.532 4.451.775 145.386 5.532 4,601693 2,680291 supp wsts 145J86 (145J86) 5,532 (5.532) Totsl ¢harit*bk a¢tivity expenditur¢ 4.601693 4,(All,693 2,680291 Of the total eXpltur¢ fA,425,434 (2022: £2J90.762) was unrestricted . Fld Sn¢omlng l (elditre) for the yr 2023 2022 This is stated afttt chwg l (crediting): Audit Fe 4,610 675 Fo18 eXdrg¢ (gain¥) I lo 97,581 (7,499)
Page 17 Not¢s to th¢ AvA)unts- 31 Dectmbff 2023 2023 2022 salari and wagas Social se£urity costs Peuion costs 149,920 15524 98.207 6571 168,687 114574 There we no Tn, remunetation or othcz benefits forthe year endeA 31 DKembu 2023 (2022: £DiI). Th¢ w¢ no Truste, expensas paid for the year aid 31 De¢¢mb¢r 2023 (2022: £nil). The average monthly numbu of anployees during the year was as follows: 2023 2022 Support No employee received remuii¢i'4ilion amounting to more than £60,(X)O ID eithff year. £0 remwiention was paid to key managemalt pffwnDd in 2023 (2022: £0). All Trustees are included as key pusonnd. 10 Taxado• Th¢ charitable Company is exanpt from corwation tax as au its income 18 charitable and is applioa for ¢haritable pwpo I l TsIble fixed Computcr equipment Totsls COST At l January 2022 and 31 December 2023 19.841 19.841 DEPRECIAI'IOIY At l January 2023 Charge for the year 17.142 17,142 At 31 December 2023 17.817 17.817 F4ET BOOK VALUE At 31 DecembLY 2023 2.024 2,024 At 31 Dember 2022 2.699 2.699 12 Debtors 2023 2022 'rTade debtors Other debtors Pryynwits and a¢¢rn¢d in¢om¢ 328.022 123,136 203581 49.677 169 979 564,162 423237
Page 18 Notes to the Accounts- 31 Dcccth 2023 13 Creditors: AUllts falling due within onc year 2022 24.926 4.780 622 893 749,128 14.4X)I l54.892 2,989 3.422 511 1.104,628 652 Amounts ow¢d to ¢hatiti (her CTeditOTS Credit 795250 1267.094 14 Defer Income 2023 2022 Balance at l January 2023 Amount releascd to income in the year Amount dcfared in the year 1.071.058 (1,071,058) 702 888 338255 (338.255) 1071 058 Ba]aDce as at 31 tkcember 2023 702.888 1.071.058 D¢ferTcd Income at each year eDd repTcsthts amowjts Te1Ved from participaDts for Ucational trips that will tske place in the peri(Ml after the year end. Income is released to the Statement of Financial A¢tivitic4 for the year in whicb th¢ a¢livity occurs. 15 Capital eommltments Amounts for. but not provided in the accounty amount to £nil (2022: £nil). 16 Mov¢nllt in Fun l January 2023 Income Out80in8 31 DecaDbcr 2023 losses Unrestrlcted Funds Gtr funds 490.6() 5.056.942 (4.779,751) 767.8(KJ Restslcted Fund 120 139 177 259 Total Funds blle 610.748 5.123.415 (4.957,010) 777,153 Unra8trided funds repr¢sent funds available to the"1'nttts for Ihe general PUTPOSaS of the Charity. Restrict1 I,unds represCQt donations and expcnditure on filrns and projwts to pay tsibut¢ and. reme01b people who survived the HolocausL 17 Related Party Tran8*etions JRoots is a subsidiary of Jewisb Futures Tn which organiKs central r&8oum for JRoots and oth sister charities so that thc group b¢fits from rtODomias of scale and shared exwtise and expttienLY. During the ycar undff review JewislL Futuras Tn1 Charged JRoots £190.650 (2022: £139.979). During the year Jewish FlltU Tnt ma(k dffjations to JRoots of £3.71J) (2022: £6539}. JRoots Provid a grant of £18.IIX) to subsid1 ethicational trips (2022 £nil). At tbe end of tb¢ yT JRoots owed Jewish Futures Trust £622 (2022: £3.422).
Page 19 Nthas lo the A¢counts- 31 De{Wb 2023 17 Rdated P*rty Transa¢tlons (eonlinued) JFT.Jewish Futures Foundation Jnc is a charity in tbe USA whith shares a InCe with JR00 During the year, JRoots received donations from JFT - JFF IDC totailing £2.604.947 (2022: £1.707,8481 At the of the year JlicK>ts Ltd was owed £123.038 (2022: £33528) by JFF- JFF Inc. Aish Hatorah UK is a subsidiary of Jewish Futures Trus¢ the sx)l¢ of IRoots. Aisb Hatornh UK 4 trips (2022: 4) through JRoots duTing the year which meant that JRoots in¢urrol nd Costs on behalf of Aish Hatorab UK to the value of £94,103 {2022: £53,605). The net costs of th¢s¢ trips wcre paid to JRoots. JRoots gav¢ a grant to AISH of £150,(X)O lo subsidise educational trips (2022: £nil). Fonun for Jcwish Lcadership is a subsidiary of J¢wisb Futures Trust, the sole rneM of JRoots., JRoots provided a grant of £12,(K)O to subsidise educational tsips (2022 £nil). Net72ch is a charity b&sed in Imel which shares a tsvstee with JRoots. At the of the year JFT Netzach held fijnds for JRoot8 for fvture trips and ¢ts of £98 (2022: £16,149). Klal.Cha7A)n is a subsidiary of JFf. the sol¢ member of th¢ Company. Klai.Chazon ran 4 trips (2022: 4 tiips) wing the 8ervices of JRoots Ltd during the year which meant that JRoots Ltd incurred net $ts on behalf of the c4pallY to the value of £25.368 (2022: £37,125). The net costs of these ITIPS were paid to JRoots Ltst At the year end the Klal-Chau)n owed JR(M)ts £19.548 (2022 . £4.351). During the y¢ar. JRoots provided a grant of £20.Crf)O to subsidise edati0llal trAPS (2022 £nil). During the year the Tn made donatioD8 to the dthrity of £nil (2022: £3,51)0). 18 Parent Undtrtaklng And Ulthllth Controlllng Party The Company is a 100% 8ub8idiary of Jewi8h Future8 Trust Limitrd & limited liability Company. giSted number 07884678 and a registered cbarity number 1151066. Jewish FuthTes Tnt is involved in public education and Gulturul aGtivities. The Trustees regard Jewish Fulures Tnt Limit as th¢ imm¢diat¢ and ullimat¢ par¢nt Company. Jewish Future8 Tnt prepare cowlidat¢d annual acwunts . including the results of thc Company. A copy of the cnn801idated accounts can be obtain fiom the JFT head office at 379 Hendon Way. L()ndon NW4 31P. 19 Fiuncial inthments 2023 2022 Charfty lJ57.483 1,705219 FiDan¢Aal liabilities measurrAi at amorti¥¢xJ wst 92,362 196.036 I. inancial assets measured at atnortised cost include trade debr4 amount owed by gtoup ulldett& other debtOTS and cath cquivalents. excluding delerred income.
Page 20 Notes to the Accounts- 31 Dttember 2023 20 COmpdI1ve Statement of FfDancial Ac¢ivltie8 January to December 2022 2022 Total Fun ncome: Donations and legaci 29.934 475.136 505.070 Incomefvm charithble acilvltles.. Participant payments Other income 2.569.934 2569.934 Total illeome 2.605,401 475,136 3.080.537 Expenditure: Raisingfynds.. 1,837 1,837 Expendilure on chw71able activuies.. 126,893 126,893 289 29 2 680 291 Charitable activiti¢8 Total expendilure 2J92.599 416.422 2,809,021 Net ineomel(expendlture) for the y 212,802 58,714 271516 Reconelllation of fund•: Total fiwds brought fonvard 27 339 Totsl fllnds earrled forward 490.609 120.139 610.748