JRoots Limited (Limitul by guarantee) Company Number 07114903 Charity Number 1136532 Trustees. Report And Financial Statements For the Year End 31 December 2024
JRoots Limited Contents Page Lega] and Administrative Inforniation Trustees, Report Independent Auditor's Rew)rt Statement of Financial Activitics io Balance Sheet li Cash F]ow Siatement 12 Notes to the Financial Slatements 13-20
Page I JRoots Llmited Legal gnd Admini$tr4tiYe Inforntion Directors l TThstees D Goldberg {Cbair) J Ebner (resigned 28 Febuary 2024) DKay P Vecht N Schiff (Chief Executive) Company Secretsry D Goldberg Prin¢ipal Address and Registered Office 379 Ha)don Way London NW4 3LP Detaih of Incorporation The company was incoryrated on 3 January 2010 in England and Wales under company registration number 07114903. and was regist¢r¢d with the Charity Commission OD 22 June 2010, governed by its memorandum and articles of association. charity numEr 1136532. BAnkers National Westrninster Bat& PIC 21 Golders Green Road London NWI 18EB Auditors Goldwins Limited Chartered Accountants 75 Maygrove Road London, NW6 2EG
Page 2 JR(MJts Llmited The Trusttts. who ar¢ also Dir¢¢tots of the Charity for the PUTposes of the Companies A¢t. submit their amiual report and the fm3ncial statements of JRoots Ltd (the Company) foT the year ended 31 December 2024. The Trustees confirni ihat the annual report and financial statements of the Company comply with cuent statulory requirements the requirements of the Company's governing docurnent and the provisions of the Statement of Recommended Practice (SORP)"Accounting and Reporting by Ckwities" issued in 2015. Leg and administrative inforn)ation set out on page I forn)s part of this report. Strnctur4 Governxnt¢ and Finanee OrgaDisatioD Structhre JRoots Ltd is a Company limiied by guardnlee and registered &s a charitable Company. Th¢ charity's objects aTe set out below in the Charity's Objectives aDd Activiti&S. The Trustees, who are also the directOTS for the purpose of Cornpany law, and who served during ihe year wue D Goldberg. J Ebner. D Kay. E L¢¢. P vh( N khiff. None of the TSle¢S have any beneficial interest in the Company. Jewish Futures Trust Limited. the parent Company, is the only member of JRoots Ltd and guarantees to contribute £1 in the event of a winding up. There are no specific restrictions imposed by the governing document concerning the way the charity can operate. The management of the Company is the rwnsibility of the Trustees who are elected and cOPted under the tenns of the Articles of Association. The Dumb¢r of Truslees sh311 not be subj¢rt to any maximum but shall not be less than two. Appointment of Trustees The appointment and training of a new trustee is subject to the oversight of current trustees. Induction and training New trustees are given a brief induction by the chity'S le8al advisors on their responsibilities in accordance with the requirements of the Charity Commissioners. They are also giva) an induction by the current trnstees regarding the activiti&4 of the charity and its statutory responsibilities. Charity's Objectives and Aetivilies JRoots core objective i.s to facilttale immersive Jewish cultural and ducational exp¢riences. This experience is a powerful pedagogical tool that serv&$ to inspire and educate Jews of all backgrounds, affiliations and ages especially when combined with travel to places of Jewish Interes4 worldwide. JRoots core objertive is to faciliiate Jewish journeys to International &s well as domestic destinations that tell a Jcwish story. Thc imTncr5iv¢ cducational and culttjral CXF*rithces organiscd hand in hand with gmups from all backgrounds. affiliations and age groups. ¢ombin¢ ¢0 cr¢at¢ monuma]tal milaiones in parti¢ipants lives. JRoots was established in order to visit the pas4 engage wlth the and ezysure the of a vibrani Jewish ommunity whose members play xtive roles FM)th in their own communiti&s and in lety beyon JRoots h&$ developed a particular expertise in OTganisTrng momentous infomative 2nd inspirntional joumeys to Poland and other European sites with respect to Holocaust education. Extensive interaction with Holocaust Survivors {tncluding the lates# technological and professional interviIng and re£ording of their teslimonies, life experien¢¢ and wisdom share(L through diycumentary film produ¢tion). places JR(K)ts guides and educators in a uniquely powerful position to impart knowledge and values to the younger generation.
Pagc 3 JRoots Limited Tne¢s, Report (continued) Charity's Objectives aDd Activities (continued) By sharing with participants an intimate personal and hands on collnection with tbe past, the charity aims to instil a deep sa)se of historic pride and reSnsIbIlity to shoulder leadership and moral leadership within society. This Includes combatting Holocaust denial and standing up for decency, tolerance, volunteerism and goodne&s across the community. JRoots has bec()me the largest provider of Holocaust related educational journeys in the U.K. Jewish community. Over recent years the scope of educational journeys has expanded iwond io include Lithuania, Ukraine, CzKh Republic, Spain, Morocco, Portugal. Isrdel and Greece. JRoots eonlinues io produce top quality ucatIOnal material in the forrn of book& workbooks and workshops many of which have become the mainstay for groups visiting Holocaust sites in Europe. Multimedia DiviSiOD The charity has invested rthource over many years in professionally recording life lessons and testimonies of Holocausi Survivors worldwide in order lo educalc future generations. Th leslimonies are of a unique quality in their pedagogical focus which reaches Fryond the stark evidential content to probing more deeply into universa] life lessons that can be passed on from Survivors to young people in particular. Ovcr 200 Survivors have been recorded. Having facilitated the return of numerous Survivors to lead edtIonal journeys along with large studenl groups JRoots now airns. via the continuing produdion of both long and short documentarie4 for people to come as close to"meetin8" a Survivor as po&sible. JRoots plans to build free online access to archives that will both bryng the Holocaust natratives of numerous Survivors lo future generations. We beli¢v¢ ihai Survivors can also be the grealest t¢ach¢rs of essential life iS5ueb, values and sense of identity. Since illceplion many full length documentaries bave been produced along with tens of short but invaluable life lessons conveyed by Survivors. There are a number of such series in prothilOn. These include"Tim¢less Wisdom from Survivors" serie& 70 Faces and more. The multimedia division prides itself on the higb quality of its work which it achieves through the efforts of skilled and experienced personnel. Some of the consultants have worked at places such as the BBC. Sky and many other large, professional outfits. Active member of Jewisb Futures Group JRoots is an active member of the J]Sh Futures Trust group of charities, the sole member of which is Jewish Futures Trust. Jewish Futures TTUSt provides eentralised head offjee services to all the group charities to enable the group to benefit from economies of scale and Shar services. Charities in the group are actively encouraged lo benefit from the services of rach other where shared expertise will fa¢ililal¢ better use of resource5. All the chariti&s are encouraged to their overse&8 trips through JRIK>ts. Achievements and Performance There was a strong demaT]d for international educational trips in 2024. JRoots completed 88 trips supporting 4,225 participants (2023 84 and 4,187 participants) . At the time of preparing this Teport trip bookings are increastng and JRoots expects to support even more trips and participants in 2025. able to offer the most immersive, experiential tTiPS for UK and international participants. The Charity continued the production of 3D filming t¢chniques for Survivors of ihe Holocaust to caplure individual testimony to develop an immersive interactive experience for futures users to hear and see, in 3D.
Page 4 JRoots Limited Trustees. Report (continued) FinaDcial Review During 2024 JRoots overall incom¢ from participants was £4,IIN).891 (2023: £4.827,369). DonatioTh general and designated were £164,409 (2023: £294,942) and overall tbe Charity generated a loss of £107,534 (2023: profil £166,405). JRoots is supported by a broad spectrum of donoTS from across the community, ranging from grassroots student-level proaM participants and alumni to a number of philanthropists who partner with our charity and help encourage our activities. All of JRoots' expenditure is focused Oll creating the wide range of successful high-quality educational courses and popular, impactful activilies that deliver our staled charitable objectives. Fttndraislng JRoots is comrnitted lo the highe andardS ID fundraising. At all time5 it aims to ensuTe that its processes and staff are respectful. open. honest and accountable to our supporters and the public. JRoots is a mlUM siza tharity thal principally raises funds frorn individuals. family trusts and foundations. and companies who have a connection with and support the work of the charity. Its approach is generally on a personal level, but the wup also raises funds through cornmunity events and adivities. Fundraising approaches made by jRts are personal and targeted. focus5 on those individuals and institutiiyns who have expres1 int¢resl in its work. JRoots does not ¢ngag¢ in large scale fundraising acti]tIeS like ma&$ mailings, unsolicited telephone fimdraising or door-tfrdoor campaigns. JRoots has 3 small fundraising team. Th¢ Chief Executive is responsible for the day to rnanagement of fundraising acttvities. The Trustees provide oversight of fvndraising strategy and delivery. The Fundrdising Team receive regular training and guidance and aim to adhere to methods of best practise including the Fundraising Regulator's Code of Fundraising Practice. und no circumstances do¢4 JRTh)ts tthare personal inforn)ation of its suppK)rtLYs for the purposes of third party marketing or processing. There have been no complaints about fundraising activitias rq)orted in the year to 31 Decernber 2024, or subsequenily. JRoots has not used third paty organisations for its fimdraising activities during 2024. Key Risks and Uncertainties The Trustees have assessed the major risks to which the charity is exporf and are satisfied that systems are in place to mitigat¢ exposure to the Major risks. A reduction in donor base could cause cash flow issues. any delayed receipt of pledged donations income could also potentially cause cash flow issues. The major risks facing the chaTity are reviewed regularly at management meetings. Regular reviews of cash flow PTojections and budget forecasts are also undertaken, as well as a continual drive to reduce expenditure and negottate belter ternis and T*es.
Page 5 JRoots Limited Truslees. Report (continued) Public Benefit The Trustees acknowledge the duty in Section 17 of the Charities Act 2011 io have due regard to the Charity Commission's published geral and relevanl sub-S¢Ctor guidance on public ben¢fit. All activities undertaken by JRoots are for the public benefit. With a focus on providing Jewish culiure, history and heritage activitiffj the orgatiisation's operation is vy much geared to providing benefit to the Jewish and wider community as is highlighied by the activities rqxirted herein. By shaTing with today's generntion of Jews an understanding of the pasL the Charity aims to instil a sense of moral responsibiliry, citizenship and lffddership wiihin society as a whole. This will also continue to be central to its fiiture plans. Plans for the Future The main activity of the Charity continues to be the provision of educational journeys educational seminars, production of educational materials and documentary films and books. Reserves JRoots needs free reserves to enable it to fulfil its charitable obligations and commitments that it enters into. The Charity also requires reserves lo SUre continuance of these obligations in the eventuality of any unexpected revenue shortfall. The TThstees aim for the Charity to hold free reserve5 equal to not less than 6 months of norn]al rnnning costs. approximately £450.000. As at 31 December 2024 free reserves were £634.699 (2023: £765.776}. Statement of Trustees. Responsibilities The Trustees (who aTe also the directors of JRoots Limited for the purposes of Company law) are responsible for preparing the Report of Ihe Trustees and ihe financial stat¢m¢nts in a¢cordaD¢e with applicable law and United Kingdorn Accounting Standards (United Kingdom Generdlly Accepted Accounting Practice). Company law requires the Trustees to prq)are financial statements for each financial year whith give a true and fair view of the state of affairs of the charitable Company and of the incoming resources and application of resources, including the income and expenditure of the charitable Cornpany for that period. In preparing those financial statemenls. the Trustees are rquired to: sele¢l suitable accounting p)licies and then apply them consista)tly" observe the methods and principles in the Charity SORP. make judgements and estimales that are reasonable and prudenL prepare the financial statem¢nls on the going concern basis unless it is inappropriate to presume that the charitable Company will continue in business.
The Tne£S are responsible for keeping prop¢r accountiug reAy)rds whicb disclose with Teasonable accuracy at any time the financial position of the ¢haritabl¢ Company and to 8ble them to ¢nsuTe that the financial statements wnply with the Cc4npaDAes Act 2006. They ar¢ also responsible foT safeguarding the assets of the charitable Company and helt for taking reasiThbk sty for the wev¢ntion atyj detection of fraud ond other irregularities. In so far as the Thtee5 are aware: there is no relrnt athlit infornmtion ofwhich the tharAt8ble Company's auditors a unaware. and the Tn have taken all steps that they ought to have tak to mak¢ themselves awar¢ of any relevant audit infoTmation and to blish that the auditors are awarc of that inftirnmtion. Smll Comp•Jl¢s ExempdoD In preparing this rem the DirertOTS hwe taken advantage of the sm811 wnpanies exemption provided by 5tIOn 415A of the Compni¢s Act 20[ Auditors Goldwins Limit&t" will be pro for appointijjart #tthe fortlwmin8 Annual M¥ting. ON BEHALF OF ThE BOARD: Neil Sthiff 27 O¢tobu 2025
Page 7 JRoots Limited Independent Auditor's Report to the Members of JRoots Ltd Opinion We have audited the financial statements of JRoots Ltd for the year ended 31 December 2024 which comprise the Statemeni of Financial Activities, Balance Sbeel Statement of Cash Flows and notes to the fmancial statements. including significant accounting p)licies. The fll)ancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom G¢n¢rally A¢¢¢ptrd A¢coun¢ing Pra¢ti¢e). In our opinion the financial statements: give a true and fair view of the stste of the charitsble company's affairs as at 31 December 2024 and of its in¢oming resources and application of r¢sour¢¢s, including its incom¢ and expenditure for the year then ended. have been properly pr¢pare41 in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those slandards are fiwther described in the Auditor's responsibilities for the audit of the financial slatements section of our TewrL We are independenl of the charitable cornpany in accordance with the ethical requirements that aTe relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standarf and we have fulfilled our other ethical respon.8ibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sulficient and appropriate to provide a basis for our opinion. Condusions relating to going concern In auditing the financial statements, we have concluded that the trust$. use of the going concern basis of accounting in the preparation of the financial sthtements is appn)priate. Based on the work we bave perfomied. we have not identified any material uncertainties relating to events or conditions tbat. individually or collectively. may c&st significant doubt on the charitable company's ability to conlinue as a going concern for a periTrl of at least Iwelve months from when the fjnancial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other inforniation contained within the annual report. The other infomation comprises the infornthtion included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial ststements does not cover the other inforniation and. except to the extent othenvise explicitly stated in our re]KyfL we do not express any forni of assurance conclusion thereon. Our responsiThility is to read the other infornmtion an in doing so, consider whether the other infonnation is materially inconsistent with the financial staternents or our knowledge obtained in ihe audit or othenvise appears to be materially misststed. If we identify such material inconsistencies or apparenl material misstatements, we are required to deteTmine whether this gives rise to a malerial misstaiement in the financial statements themselves. If, based on the work we have perfornied, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Page 8 JRoots LlmAted Independent Auditor's Report t• the Members of jRts Ltd {¢onlinned) Opinions on other matters prescribed by the Companies Act 2006 In our opinion based on the work undertaken in the course of our audit the infom)ation given in the tntees, reporL wbich includes the directors, report prepared for the purposes of company law, for the fmancial year for which the fllnCial statements are prepared is consistent with the fmancial statements" and the directors. report included within the trustees, report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceptioD In light of ihe knowledge and understanding of the charitsble company and its environment obtsined in the course of the audiL we have not identified Material misstaiements in the directors, report included within the Trustees, report. We have nothing to report in respeci of the following matters in relation to which the Companies Act 2006 requires us to Tewrt to you if, in our opinion: adequate accounting records have not been kepL or the financial statements are not in agrecment with the aCcnting records and returns. or certain disclosures of tntees. remunerdtion specified by law are not made. or we have not received all the inforn]ation and explanations we require for our audil or the trustees were not entitled to prq)are the fllwicial slatements in accordance with the small companies regime and take advantsge of the small companies exeMlOn in preparing the trustees. r4)0rt. Responsfibilities of trustees As explained more fully in the trustees. responsibilities statement Set out on pages 5 and 6, the trustees (who are also the director8 of the clwitsble company for the purwses of company law) are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view, and for such intemal control as the Inte¢S demiine is ne¢e&8ary to enable the prepardtion of financial statements that are free fiDm marial misstafrmenl whether due to fraud or error. In preparing the fmancial statements, the ISteeS are reSpolb]e for &$Sing the charitable company's ability to continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitsble company or to cease operalioTLS. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the fancial statements Our objectives are to obtsin reasonable assurance about whether the financial ststements as a whole are free frorn maierial misstatetnenL whether due io fraud or eTror, and to issue an auditor's report that includes our opinion. RSOnable 8SSUTaiice is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUK) will always delect a material Jnisstatement when it exists. Misstatements call arise from fraud or error and are Considered material rf. individually or in the aggregate, they could reasonably be expe¢ted to influence the e¢onomic decisions of users taken on the basis of these fllW]cial statements.
Page 9 JRoots Limited Independent Anditor's Report to the Members of JRoots Ltd (continued) IegUlaritieS, including fraud, are inslances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined aiK)ve, to detect material misstatements in respect of iTregulariti&q, including fraud. The extent to which our procedures are capable of detecting irregularities, including frdud is detailed below.. We obtsined an underStandg of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulalions that have a direct effect on the deternlination of material amounts and disclosures in the fmancial slatements. The laws and regulations we considered in this conlext were the Charities SORP (FRS102) 2019 and Companies Act 2006. We identtfied the greatest risk of material impact on the fmancial ststements from irregularities, including fraud, to be the override of controls by management and the recognition of income. Our audit procedures to respond to these risks included enquiries of management about their identification and assessment of the risks of irregularities. sample testing on the posting of journals, sample testing on income recognized in the accounts and reviewing accounting estimales for biases. Owing to the inherent limitslions of an audit, there is an unavoidable risk that we may not have detecfrd some material misstatements in the financial statements, even though we have properly plauned and perfornied our audit in accordance with auditing standards. We are not responsible for preventing non- compliance and cannot be expected to detect non-compliance with all laws and regulations. These inherent limitstions are particularly signifjcant in the c&8e of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including delibetaie failure to record transactio, collusion or the provision of intentional misrepresentations. A fiwther description of our responsibilities for the audit of the financial ststements is located on the Financial Reporting Council's website aL www.frc.or '.uklauditortsres nsibililies. This description fornls part of our auditor's rewrt. Use of our report This report is made solely to the charitsble company's members, as a LK)dy, in accordance with Chapter 3 of Part 16 of the Companies Act 26. Our audit work has been undertaken so that we might state to the charitable company's membeT5 those matters we are required io state to them in an audilor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this repory or for the opinions we have formed. Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldivins LRmited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead Londoll NW6 2EG 27 October 2025
Page 10 JRoots Limited Statement of Financial Activities (incory)orating Income and Expenditure Account) for the year ended 31 December 2024 No* Unrestricted Funds Restricted Funds 2024 Total Funds 2023 Totsl Funds Income.. Donations and legacies 144,521 19,888 164,409 294,942 Incomefrom chan"table activities." Participant payments Other income 4.1(X),891 1.621 4,IC,89I 1,621 4,827,369 1,104 Total income 4,247,033 19.888 4,266.921 5,123,415 Expenditure: Ratstngfynds." Donor funthxising costs 615 615 1,690 Expendiltlre on charilable activities.- Charitable donations Charitable activities 465,391 3.879 465,391 352,627 4 602 693 Total expenditure 4,345214 29,241 4,374,455 4.957.010 et expendlture)lincome for the year (98,181) (9,353) (107,534) 166,405 Recon¢iliatlOD of funds: Total funds brought fonvard 767 800 777 153 610 748 Total funds carried fonvard 669.619 669,619 777,153 The Statem¢nt of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing tIvitieS. The notes on pages 13 to 20 forjn part of these accounts.
Pageil JRoots Llrnlted Compaoy oumber 07114903 As al 31 Decanber 2024 2024 2023 Fixed Assets Tangible assets 34.920 2,024 Currtot AJg•ts 12 1.671J79 564,162 Cash at bank and in hd L6rA.086 1570,379 13 795 50 Net *S8ets Totsl us¢ts 669.619 777,153 16 16 669,619 767.8( Restricled fiuujs Tot21 funds 669,619 777.153 compaDie5 sUbJt to the small ¢ompanies regime within Part IS of the Companies Act 2(M)6. Th¢ accou wer¢ approved by the tru¢¢$ and auth for issuc on 27 October 2025 Neil Schiff The Dotes on pa8es 13 to 20 forni part of these accounts.
Page 12 JRoots Limited Statement of Cash Flows As al 31 December 2024 2024 2023 Cash floivs from operating activitie5= Net incoming/{outgoing) resources Depreciation Loss on disposal of tangible fed a&sets (increase) in debtors Increase/(decrease) in creditors (107,534) 515 166,405 675 (1,107,217) 1184851 (140,925) 486.093 Net cash provided by operating aetivities (29,385) (459,938) Cash flows from investing actlvlties Purchase of tangible fixed assets (Repaying)/Borrowing of funds from CBILS Loan Scheme Additional l (repayment) of credit card loans (33.411) (10.714) 14,250 Net cash generatedl (used by) investing actlvittes (44.125) 14.250 Change in cash and cash equivalents in the year (73,510) {445,688) Cash and c&sh equivalents at the beginning of the year 1006217 1451905 Total casb and cash equivalents at the end of the year 932 707
Page 13 JRoots Limited Notes to the Accounts- 31 December 2024 Company iDform#tion The principal activity of JRoots Limited is the advancement of Jewish edu(ation and culture. The Company is registered as a charitable Company limited by guarantee (Company number: 07114903, charity number 1136532). It is incoTpofdted and dorniciled in the UL The address ofthe regI(w¢d office is 379 Hendon Way> London. NW4 3LP. Accounting policies ArU(ing Convention The financial statements have been prepared under the historical cost convention and in accordance with the Statemenl of Recommended Practice, Accounting and Reporting by Charities (sol 2015), applicable UK accounting stsndards including the Financial Reporting SLgndard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Aci 2006. The Company meets the definition of a public benefit enlity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unl&8S othenvise ststed in the relevant accounting policy notes. The principal accounting policies adopted in the prepardtion of the financial statements are as follows: Income All incoming resources are included on the Statement of Financial Activities when the ChaTity is legally entitled to th¢ Inrne and the amount can b¢ quantified with reasonable accuracy. Expenditure Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headiJ)gs they have been all(Kated to activilies on a basis consistent witb the use of resources. Cbaritable activities Charitable aclivities compris¢ those cosls incued by the Charity in the delivery of its activities and services for its benefi¢iari¢s. It includes both cosls that ¢an be allocated directly to such activities and those costs of an indirect nature nece&%ary to support them. Governanee ¢osts Governance costs comprise those costs associated with meeting the constitutional and strategic requir¢m¢nts of the Charily and th¢ audit fees and costs linked to the strategic management of ihe Charity. Alloeation and apportionment of costs Overhead and support costs relating to charitable activities have been apportioned based on staff time. Tangible fixed assets Depreciation is provided at the following annual rat in order to write off each ass¢t over its estimated useful life. Computer equipment Heritage Ass¢t- s¢fer torah - 25 /0 on reducing balance Assds great¢T thaD £I.(X)O ar¢ apitslisd.
Page 14 JRoots Limited Notcs lo the Accounts- 31 December 2024 Accounting Policies {eoDtinued) Taxation The Charity is exempt from corporation t&K on its tharitable activities FuDd aecouDtiDg Unrestricted funds can be used in accordance with the charitable objectives at the discretton of the Trustees. Reslricted funds w] only be used for particular restricted purposes within the objects of the Charity. R¢stri¢tions aTiS¢ when sp¢cifJed by the donor or when funds are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in tbe notes to the financial statements. Liability re¢ognition Liabilities are recognised &$ soon as there is a legal or ¢onsiTudive obliga¢ion ¢ommitting the Charity to the expenditure. Translation of foreign eurrenciL% Monetary assets and liabiliti denominated in foreign currencies are tAslated into stuling atrates of exchange ruling at the balance sheet date. Trdnsactions in foreign currencie4 are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Statement of Financial Activities. inanci41 instruments The Charity holds only financial assets and financial liabilities of a kind that qualify as basic financtal instrumenls. Basic financial instruments include debtors and creditors. Debtors and Creditors are initially recogtkis¢d at transaction value and subsequenily measured al fair value. Note 19 provides more infornlaiion on financial instruments where future cash flows arc anticipated, with financial a&s¢ts referring to dcbior balances clUdIng prepayments, and financtal liabililles referring to all creditor balances excluding deferred income and other taxation and Sla[ security. Going Coneern Having reviewed the fjnancial position, Ihe Trustees consider that with current wh resources, geral reserves. potential appeal for fundraising. and a fvll schedule for fvture trips. there are no material uncertainitie5 about the Charity's ability to continue as a going concern and have reasonable expectations that the Charity has adequate resources to continue for the foreseeable future. Accordingly they ¢ontinu¢ lo adopi th¢ going concern basis of accounting in preparing the annual financial statements. Government Grants Grants are accounted for under the perforn]ance model as pernitlled by the Charity SORP. Coronavirns Job Retention Scheme grant income was therefore recognised on a straight line basis over the furlough period foT each relevant employee.
Page 15 JRoots LimRte41 Notcs to the AOunts- 31 December 2024 Key judgements aDd estimates In the applicalion of the Charity's accounting policies, which are de5cnl)ed in note 2, Trustees are required to make judgements, estimates and assumptions about the canying values of assets and liabilities ihat are nol readily apparent from other sources. The estimates and underlying a5SUmPtions are based on historical experience and other faclors that are Considered to be relevanL Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the peri(xl of the revision and future penods if the revision affects the current and future periods. The Trustees Consider that there are no material judgements in applying acc¢)unting policies or key sources of estimation uncertainty. Income from donations and legaeies 2024 2023 Gifts 164,409 294,942 Income from charitabk activities Trip and event participant payments 4,100,891 4,827,369 Other income Bank interest received 1,621 1,104 Donor fundraising costs 2024 2023 Donor relations Support Costs 1.497 193 329 615 1,690
Page 16 JRoots Limited Notes lo the Accounts- 31 December 2024 Analysis of expendithre on ¢haritable *rtivi¢i Basis of allocation Charitable activities Supp)rt Governance costs costs 2024 Total 2023 Total Staff costs Programme trip expendlture Direct 112J68 74.912 187.280 168,687 Dire 3,427,242 3.427242 4.141,804 Film and book produclion Dirccl 72,956 72,956 77,911 General offic¢ Audit f 216.171 216.171 4.800 208.759 5.532 Direct 4,8(M) 3.755,781 147,868 4,8 3.908.449 4.602,693 Support wsts Governance costs 147,868 (147,868) 4,8(Kl (4,800) Total charitable activity expeDditsre 3,908,449 3,908,449 4,602,693 Of ih¢ total expfflditure £3,879208 (2023: £4,425,434) was unrestricted . Net incoming l (expeDditllre) for the year 2024 2023 This is staled after charging l (crediting): Audit Fees 4,8(Kl D¢pr¢ciation 515 675 Foreign exchange (gains) I lo& 1257 97,581
Page 17 JRoots Limited Not&% to the Accounts- 31 De¢¢mbff 2024 Anlysis of $taff COS trustee remuueration #Dd expenses 2024 2023 Salaries and wages Social UrIty Costs Pension costs 157.977 17,265 149,920 15,524 179,118 168,687 There were no Tnte, remuneration or other benefits for the year ended 31 December 2024 (2023.. £nil). Thcre were no Tnees. expenses paid for the year cndcd 31 December 2024 (2023: £nil). The avmge monthly number of employ¢es during the year was &8 follows: 2024 2023 Support No employee rcmwierion amounting to more than £60.(K)O in either year. £0 remuneration was paid to key management prnIe1 in 2024 {2023: £0). All Truste&s are included as key personnel. 10 Taxation The charilable Company is exempt frorn COTporalion tax as all its income is ¢hariiabl¢ and is applied for charitable purposes. I l Tangible fixed assets Computer equipment Totals COST At l January 2024 and 31 December 2024 19.841 19.841 DEPRECIATION At l January 2024 Charge for the year 17,817 515 17,817 515 At 31 December 2024 18J32 18,332 NET BOOK VALUE At 31 December 2024 1,509 1,509 At 31 D¢¢ernb¢r 2023 2.024 2.024 Heritage Asset - purchased in Year- sefer torab 33,411 Total value of Tangil)le a&8ets 12 Debtors 2024 2023 Trade debtors Other debtors Prepayments and accrued income 859,750 565.046 328,022 123,136 1.671.379 564.162
Page 18 JRoots Limited Notes to the Accounts- 31 December 2024 13 Creditors: Amounts falling due within one year 2024 2023 Trade creditors Social security and other laxation Amounls owed to sistw charities Other creditors Accruals and deferred incom¢ Credit Cards 73,823 4,193 24,926 4,780 622 893 749,128 14,901 768 1.886.416 4,187 1,969,387 795,250 14 Deferred Income 2024 2023 Balance as at l January 2024 Amount r¢l¢as¢d to in¢ome in the year Amount deferred in the year 702.888 1.071,058 {702.888) (1,071,058) 1776.054 702 888 Balance as ai 31 December 2024 1.776.054 702.888 Deferred Income at each year end represents amounts received from participants for educational trips that will take place in the Peri after th¢ year end. Income is released to the Statement of Financial Adivities for the year in which the activity occurs. 15 Capital commitinents Amounts contracted for, but not providaj in the accounty amount to £nil (2023: £nil). 16 Movement ID Funds l January 2024 ID¢ome Outgoing resources & los 31 De¢ember 2024 gains Unrestricted Funds General funds 767.8(K) 4,247,033 (4,345,214) 669,619 Restrl¢ted Fund 29 41 Total Funds balanees 777.153 4,266.921 (4.374.455) 669.619 Unrestricted funds rq)resent funds avai]abl¢ to the Trustees for the general Purpo of the Charily. Restricted Funds rq)r¢sent donations and exp¢nditur¢ on films and Projects to pay tribute and. renlember people who survived the HolocausL 17 Related Party Transactions JRoots is a bubsidiary of Jewish Futures Tnt which Organi central resources for JRoots and other sister chartties so that the group benefits from economies of sca]¢ and shared expertise and experience. During the yeaT under review Jewish Futures Trust charged JRoots £212.226 (2023: £190.650). Durkng the year Jewish Futures Trust made donations to JRoots of £2.OiX) (2023: £3,700). JRools provided a grant of £35,IXK) to subsidise educational trips (2023 £12,0(K)).
Page 19 JRoots Limlted Notes to the Accounts- 31 December 2024 17 Related P¥rty Transactions (cvnlinu¢d) JFf-Jewish Futures Foundation Inc is a charity in the USA which sha4 a Irustee with JRoots. During the yw, JRwts e1Ve donations from JFT - JFF In¢ totalling £2.267,202 (2023.. £2.604.947). At the end of the year JRoots Ltd was owed £561 J76 {2023: £123.038) by JFF- JFF In¢. Aish HatOTah UK is a subsidiary of Jewish Futures Tn]sL the sole member of JRoots. Aish Hatorah UK ran 5 trips (2023: 4) through JRoots during the year which meant that JRoo¢s incuTr¢d net costs on b¢half of Aish Hatorah UK to the value of £128.860 (2023: £94.103). The net costs of these trips were paid to JRoots. JRoots gave a grant to AISH of £31y),(X)O to subsidise educational trips (2023: £150,000). Forum foT Jewish Leadership is a subsidiary of Jewish Futures TrusL the sole member of JRoots., JRoots provided a grant of £35,(XX) to subsidise educational trips (2023 £12,000). Klal-chazon is a subsidiary of JFT. the sole member of the Cornpany. Klal_chazon ran 3 trips (2023: 4 trips) using the services of JRoots Ltd during the year which meant that JRoots Ltd incurred net Costs on behalf of the Company io the value of £32,209 (2023: £25,368). The net costs of these trips were paid to JRoots Ltd. At the year end the Klal-chazon owed JRoots £24,757 (2023 . £19.548). During the year, JRoots provided a grant of £35.000 to subsidise educational trips {2023: £20,000). During the year the TnteeS made donations to the charity of £16,125 (2023: £nil). 18 Parent Undertaking and Ultimate CoDtrolliDg Party The Company is a lo/0 subsidiary of Jewish Futures Tn1 Limit¢4 a limited liability Company, registered number 07884678 and a registered charity number 1151066. Jewish Futures Tnsst is involved in public education and culturdl activities. The Trustees regard Jewish Futures Tnjst Limited as the immediate and ultimate parent Company. Jewish Futures Trust prepare consolidaled annual accounts , including the results of the Company. A Copy of the consolidated accounts Can be obtsined from the JFf head oifice at 379 Hendon Way, London NW4 3LP. l9 Financial instruments 2024 2023 Charity Financial assets measured at amortised cost 2,110,978 lJ57,483 Financial liabilities measured al amortid cost 129,923 92,362 Financial assets me&sur¢d at amortis¢d cost include trade debt0. amount owed by group undertakings, other debtors and cash equivalents. Financial liabilities me&sured at amortised cost comprise trad¢ creditors, oth¢r creditors and accruals excluding deferred income.
Page 20 JRoots Limited Notes to th¢ AOUnt8- 31 D¢cember 2024 20 Comparative Statement of Financial Activities January to December 2023 Note Unrestricted Restricted Funds Funds 2023 Total Funds Ineome- Donations and legacies 228,469 66,473 294,942 Jncomefrom chorifable activities.. Participant payments Other income 4,827,369 4,827,369 Total income 5,056,942 66,473 5,123,415 Expenditure: Raisingfvnds." Donor fundraising costs 1,690 1,690 E¥penditure on charitable activiti.. Charitable donations Charitable activilies 352,627 4 425.434 352,627 4 602 693 177 259 Total expenditure 4,779,751 177259 4,957,010 Net incomel{exp¢nditure) for the year 277,191 (110,786} 166,405 Reconeiliation of funds: Total funds broughi forward 120 139 610 748 Total funds earrled forward 767,800 9,353 777,153