IAJR
The Association
o* Jewish Refugees
THE ASSOCIATION ofi JEIWIS14 RCI FUGELS IAJII)
FINANCIAL STATEI MENTS
FOR THEI YEAII CINDEI) 31 DECEMBER 2023
Chai'ity number: 1149882
Company Numbor: 08220991

TIIC ASSOCIA TION OF JLWISFI REfuGEES (AJRI
IINANCIAL SI'ATLI NTS
",011 THE YEAII ENDEID 31 DECEI MBEI 112023
CON'I'EI NTS
DETAILS AND ADVISORS
TRUSTEES, REPORT
2- 17
STATEMENT OF TRUS'fEES' IIESPONSIBILLTIES
Is
INDEPENDENT AUDLI'OR'S IIE.PORI'
STATEMENT OF FRNANCIAL ACTIVITIFS
22-23
BALANCF. S14EET
24
CASH FLOW STATEMENT
25
NO3"ES E"0 THC FINANCIAL STATEMENTS
26-36
ACKNOWLkDGEMENT
37

'I'H£ ASSOCIATAON ()fi JLPWISII REf4 UGE£I S (AJR)
DIryAILS AND ADVISORS
FOR TIIEI YEI AIIEINDEID 31 DEICEMBEI R 2023
s'rATUS
Tli¢ AssoLialiun of J¢wi&li Ilefii&yeEs IAJR) is a iegisteird cliai'ity aiid COlDI)aiiyi lil￿tted hy gii&i'aniec, and is i'egislercd in
England aiid Wal￿(0822099l). It was incoi'poratcd and sel lip by a Mciiioiandiiin of AssL)¢ialion on 19 Sepleiiib¢i' 2012
iittd Rmended by special rcsoluEion oil 15 Noven)bci' 2012. 'flie clia¥ilablc Col￿panY coniiiicnccd activiiies on l Jalliiaiy
2013.
ORGANISATION
Tlie clilii'iiable coinpany's strategy is sct Kind IMai)aged by tho Triistees, who are also ils direetoi's for tl)e piiiyoses of
cotnpany law. -fil¢ Triigtees at the date of tliis repoi'l aic-.
Mrs E ￿]￿￿¢1
Mrs G 61assinan
Mr F A Hai'dit]g
Mr A HellinAn (appoiiitcd 13 March 2(>241
r J Hocki)ian {apptsinted 14 M2¢ rcli 2023)
Mr D Kalincl11
Mr M Kai'p OBL {Cliaii')
Mr A C Kaiifinaii MBE
Mis M Kiiigislcy
MrSKon
Mrs J Leiv (appointed 13 M&,.,l1 20241
Mr J Marks lappoinied 14 mai.cli 2023)
Mr A Spiro OBE
Mrs P Slraiiss
Mr M J Wliitc
IIEGISTF.IIVD OFfi ICC
Win8ti)n Holis¢
2 Dnlliq Park
Loiidoti
N3 IHF
Clixrity i'egistyation number- 1149882
Company registr￿tIon number- 0822(1991
IIANKCI RS
CAF Bunk Liinited
Kiiigs Hill
West Malling
Keiil
ME194TA
INVLSTMII Nl. MANAGEIIS
Railibonc Inv¢slti)enl M#nasFemeni Limited
Riiffei. LLP
80 Vietoi'ia Strcel
l.Dndon
SWIE5JL
Li)iidon
EC2M 7AZ
AUDI'foRS
Haysiiiacintyre LLP
10 QLicen Sti'¢et Place
London
EC4R SAG

THE ASSOCIA TION OF JEWISII RBFUGEEI S (AJll)
I'RUSTECI S, RC4 PORT
FOR THE YEIAII KINDED 31 DEICEMBIR 2023
Tlie Trustees pres¢nt tlieir report and ¢li¢ audited flnancial slateiiicnts foi tlie ye1c r ¢nd¢d 31 December 2023. wl)ieli sliow
Ilie sr1c te of the cli¢irilable coinpèiny's Affairs al Illat date and the incoine and ¢xpendiliirc for tlie year ihcn ended.
S'I'IIUCTURE, COVLIiNANCE ANI) MANAG£1 MENT
Ti'ustees
Tlie lollowiiigi served as I'Nste¢s of Ilie cliaTsILible coini)any during thc y¢ai', and as Ineiiibers of the followin
gLibcoinmillees, Ilnd reixain in office iinless otherwisc Siciled lis at tlic date Ihis report was approvcd..
MIE E Angel
Mrs G GlasSlllcin
ML F A 14ai'dRiig
Mr J Hockinan
Mr D KaliTran
Mr M Karp
Mr A C Kaiifillan
Mrs M Kingsley
MrSKon
Mr J Mai'ks
Mr A Spiro
Mrs P Straiiss
Mr M Wliit¢
15,6.7)
{81
11.2,3,6,7)
(4,81
16,7,8)
{2.5,6,7,81
15,6,7.91
11,3,6)
12,5,6.8,9)
13,61
12,4,5,6,7)
(2,4,6.71
(1,3,4,91
l-, Meinbcr of Audit and Risk Cotiiiniltte 2.. Member of th¢ Investment Coiiiii)iltee 3.. Mcinber of Finance Coiminitlee
4., Meinber of Sclf-Aid Comii)ittee 5.. M¢Jnbei' ot Gi'tints Coi)Imitlc¢ 6.. Meiiiber of Strategy Coiiiini¢Éee
7.. Me]nb¢r of Non)iiiations Coi))inltl¢c 8. Meillbei. of Next G¢iieration Coinmittee 9.. Mcii)bei" of Leg>dtyy CoiiJ211ille
Fiiian¢¢ and Audit and Risk Coininittee WelL coinbineil diiring Ihc year.
Triistees are &ppoint¢d for a pe¥iod of foiii- ycars, aller wl)icli Iljey air i'cqiiirtd to bc Tc-elecled by d Vot¢ of nieiiibei's at
tl)e following Anniial Eleclion M¢¢ting slioEild they wisli (o conliniie to serv¢. Tiiisi¢es cAn servc a iiiaxiniiiiii of Ihree
tcniis.
Ncw Tnistces ale rcqiiTred lo iindcrtake ali indii¢lion progr1￿ 11)tne IrlalinLJ to the alin8 aiid objc¢livcs of Ilie cliaril8ble
coinpatly. rlie baCk￿-011lld of its beii¢ficLAries (ind tlie systeiii% in place to dclivei. the seTVILC% 4)f tlie cliaritable coii)p4ny.
Each Triisl¢e will be ieqiiired 10 denionsli'lc te siiitablo knowledkke oftl)¢ role fiiid of Llia¥ity Ii'iistc¢ship by exp¢ri¢nce oi. by
training prior lo, or shc>rily aftEr, appoirtlinent.
Tlie strat¢Ly polici¢s of tlie cliai'ilable coiiipany l< Ic d¢¢ided by tlic TrLisiees' tli¢ I'¢sponsibility for tlie exc¢iition of
tliose policies is delegatcd its Ilie staff lcd by its kcy maiiageiiitynt Colisisling of th¢ Cliicf Execiitive, Mr. M Newinan OBE,,
Slll)Pt)Ttcd by tl)e Fiiiance Director. Mi.. A Dansels, wlio i'eport regFiilarly 10 the Triist¢¢s.
The pay of the Chief Executivc, Ilie Finance Diiectvr aiid all staff i9 reviewed anniially cind noniially inci'eased in
Mcc()rdgiice w51h averir g¢ eaTnin£s to refle¢t a cost-of-livinLJ adjiistiiicnt and lo ei)sur¢ all eiiii)loyccs al'e reniiiiicrated ai not
le%s tlian tlic nbtioi)al liviiig wage and ¢oinmcnsiii'&tE Wltli tlJ¢ In￿l'ket l'ate for their i'espcctive I'oles. Tlie chai'itablc eompany
lakes siiil8bl¢ piofegsionsLI giiidance in the dcleinii11lc tioi) of tlie ieiniineralion of its key tiianaLTtn)ent.
Tlie Tiiislces considei. the iiiatter of Triist¢e successioii ai)d wlici'e possible co-opt volunteers iviih suitable kiiowledge and
cxp¢i'iencc to tlieiii tts Inei)Ibcrs of coininiitees con8iderin&N inalt¢rs relevant to Ilieir skillset and qiialificalions &s a
precui%or to possible fitll Tnislc¢ bnard meiiibergliip. STncc 2(119 tlie Triislees h*ve cnlianced tlie g7ovei'nance i¢gime by
ereatingN fiirtlier coikniniltees of TTuslce5 aiid suitabl¢ volunteers l¢o-opted Inciiibei%l to iJian&gt Ihe aff<iirs of Ilie clia¥ilable
company. Tli¢se i'em¢lin iti ce and cover..

THE ASSOCIATION OFJEWISH RLIDUGEES (AJR)
TRUSTCr ES, REPORT
IOR THE YEAR ENDLID 31 DCICEMBEIR 2023 (Contiiiuedl
SI'IIUCTURE. GOVERNANCE AND MANAGEMENT (eontinued)
Audit Risk
Ai)points external aiidilor, oveisees iiudit i)rocess. oversees slatiitoiy and Tegulatoi'y
reports, monitors risk manag¢ment
Moiiitor% fiiiancial performanc¢, oversees biidgcl an(1 llssei Inanagein¢nt
Oversecs all(l approves Ertiiits Inade foi. ediication&l pui'poses
Oversees aiid *)pproves use ot-coiiipany funds ltii- cliarilablc gi'Rnls to individiial
bencfieiai'ies
Grant5
S¢lf - Aid
StTalegy
Dii'cct6 long term 5ti'ategy of ilie charitabl¢ coitipany
Approves ili¢ noniination of new Triistees and Loinmitlee n)eillbei
Sets iijvestmenl policy; appoint8, diTects, and I￿on510r$ professional fiind managers to
Inhnage tlie Jnarkcl investiiiei)ts of Ilie thai'ilable coinpany
Noniinations
Investiiient
N¢xt Genercltio
Devises tactics and plans evBiits', t)c¢iviiies, and i)rojccts to engage willi desc¢ndat)Is
of HolocAllSt refiigees aiid suivivors
Legacy
Monitoj's tlie i)Togress of legacies- deYisc8 legacy &W￿rentS$ cainpaigns
Ilisks 2nd internal Colltrols
Tlie Tiustees ar¢ responsible foi. cnsurin¥ that EffeLtiv¥ and ¢ideqii&lL riyk iii#iiagEiiieiil aiid iiit¢riial coijti-ol systeiiis are in
place to niAnage tlie iii&joi risk5 to wlii¢li tlie cl)arit&iblL comptiiiy is expos¢d. 11 cairjes this oiit by nionitoi'ing tli
cffectivenes.4 of tlie i'isk i))AnagJeinenl Iramcwoik. 1.he I'iiin¢work is designed 10 SllPPDrl infai'iiied decisiL)n Inaking
reLldrding the I'isks thai affeci IlJe ¢ibilily of Ilie cliaritable Coing￿lly to iicI)i¢ve ils objeclivcs. TIIL Iraii)ework is dcsibFned to
Inaiiage, Tt)Ilici' Ihan eliiiiiiiate, the I'isks lo Il)¢ ¢liarilable coJiipAny's objectives and to pi'ovide reasonablc. biit no( absoliilc,
dssurance a￿Y￿111￿L Inaterial inisstÉltcii)enl or lobs. Wiiliin the fraincwtsi'k, Ilie PTiiicipal risks 42nd uiiceTtainties whicli have
bccn identified, togeihei. witl) Ilie actiong lakcn Its mitigAie Iliein, are as follows..
Ili5k identifi￿1
Actlon t%kLn to miti
te tlie i'isk
Invi￿line[￿t
Investineiits made by the cliaYii&ble company not
effectively 11)anaged oi. perforin pooi'ly wl)ich lead5 to
i'e(liictlOll in funding tliat wvuld be aViG ilable to suppoi't
the objectives of the charitable LoinpdTIy.
Use of approved
inveslmei)t couiiteipillties within
appi'oved finaiicial liinits roui)led witli a cleai. investlliliit
policy focused on delivering i'tlLlI'I)s And filnds fDI' the
charitdble Gompany's sti'ale#i¢ objectives. I'he liivestn)enl
Coinmittee r¢gularly revÉews the inve8iinE&It poi'ifolEo
to&¥eiliei' with the invcsttnent nianRg)crs &iid rcpoi'rs
regularly to the'l i'LlStee5.
Clalms Conferenee:
'I'lie cliai'itable coinpany siiffei3 a Teduciioii iii fiiiiding
fi'om Ili¢ Conferencc on Jewish Malei'ial Claitns
AgL2inst Gei'inany Inc. ("Claiiiis Conference"), wliicli
leads to lowei. fiFiidiiig availablc 10 both the L113ritable
coini)Any's beneficiai'ies and tliose of olliei- c1gcnct¢g
Iiid charities witliin the UK Ui)Ibi¥lla Group
I"Aocnci¢s") wliicli tlie cl)aritablc CL)iiipany leads.
A tonstanl aiid constructive dialogiie is iM4itilained with tlie
clai1￿S Conferencc lo ellsiiie Iliat Internal conti'ols and
compliance iiieet tl)c conditSOn5 iilli)oscd, coiiijled ivitli botli
s'iatiitory aiidit and Claims Coiiferencc alidils.

'rHE ASSOCIA TION OF JEI WISH IiEFUGEI ES IAJR)
TRUSTEEI S, IIEPORI.
riOR I'JIE YEAR LNDED 31 DEI MBER 2023 {Continii¢dl
STRUCTURE, GOVERNANCE AND tVlANAG£I Mri NT {eontinutdl
ftisks InteJ'nThl controls (tojktinued)
Risk identifjed
Action t&ken to tniti
ale tlie ri$k
Tlie inability to i'ecovcr gi'ant fiindingy Jiiade by Ilie
charity to beiJefEciaries aiid to Ilic AgencEes'
beiieficiai'i¢s Ill advance Df receipt of iiioiiies from the
Clainis Confer¢n¢¢.
Controls are in placc liiieliiding rcLTrU1i￿ I. liaison), couplcd
witli ¢iudil style rcviews, ov¢r the Agtncics. owii beneficiary
dociiin¢nlalion lo en5Lirc that Claijns Cunferenee coiidilioDs
al'e nict. An indejnnity (Iir8ng¢ment iq ill place to protect tlic
cli£iril42blE company in tlie event Iliat tlie Agencies do
comply with tlie Itlcvant conditions. In Mai'cl) 2023. th¢
bilatcral agi'eements witli tl)e Agencics wei"e reviewed,
Iipdatcd, and ie-signed and afford tlie ¢hurildble company
gieatei. piDl¢ction from Ihc risks in disbursing Claiii)s
Conference fiinds.
Gi'ants
Tli¢ charit)blc compaiiy is uncil)Ic to SUPPDTt ils
objeclives bc¢Aiise of a tailur¢ properly its control
grants 81)d awards made froi)i its own funds.
Conth'ols (boil) biidgetary and in lenns of obje¢tivc) are in
place to ciiaiire propel. scI￿tInY of all api)Iic2ltions made lo
the chai'ilablc coiiipany for siippoi'l Itok)cihcr with
APPTOPI'iat¢ follow up post awar(l), wl)ether tl)Ls¥ iii
re￿pect of ediicational projects or financial award.% for
beneficiaries bcyond tl)al provided fi'on) Claiii)s
Confereiice Inonics.
Reputation
Events wlii¢h Ihay cidvcrs¢ly affect tlie cliaritable
coinpany's repiilalioii diid operatiofis. Tliese could
include a sei'ioii% dala seG15l'lty breacli fioin cyber-
Rlliick oi. i)on-ci)InpliHiice willi data prolcction laws. a
Policies and praclices al'e sct i))onitored by s¢nior
Inanageinenl ¢ind tlie l-rustees, inelLidiiig an organisalioj)
wide risk in£111<ig¢ii)eiit progi'atiiinc, wliich includes &Jili-
fi'diid pi'ocesses dn£1 ctsntrols as wcll as conipielicsisiv¢
(iainiiig and clW¢iiet)css progi'ainiiics for ￿17 staff. Tliis
incliides data i)rolection Rnd sdfebFiiarding training &nd
reininders.
compai)y's hiiman resoiirLe P¥%Ctiees and bchavioLirs,
or a si¥iiifi¢Éini heaiil) and gafety oi. safeguAI'din
incident. Otli¢i' Tisks iiicliidc tlie [￿li1￿re to altricct.
develop and ￿taIn talcnted staff and tlic inabiliry to
Tecruit siifficicnl iiuinbe15 of volunteers.
Infoi'niation ¥ebiirity policies #iid pi-ocediii'es are in plac¢
whicli includc scciiriiy i)al¢l)iiiL, vulnerability scanning,
p¢n¢lration Iesling and tlie 115¢ of ttnli-virLlS softwarc.
Dedicated SPLcialisi resources Iiie iiged foi- safcgii¢irding.
data seciirily, licaltli, hi)d safety,
T&lent manageineiit. voliinteer acqiiisition and mani¢ gyeii)¢t)t
togetlierwiili succession planning prograinnies are in pla￿.
Regiilar Yevicws aye uiidci'iakLn of rectlitltnent and
r¢soiii'cing pioccsses. witli b¢n¢liniarking underl&k¢n of
coinpensatioii iicross key disciplincs.

THK ASSOCIAI'ION ofi JEWISH REI fiUeyEIES {AJR)
TRUS'I'EI Li S, REI PORT (continued)
riOR THC YEIAII £IND£ID 31 DCI CEIMBEIR 202J
STRUCTURE, GOVERNANCL ANI) MANAGEMCINT (¢onlii)ue(11
Connected pArties
'riie chai'it&bl¢ ¢oini)yiiy lias slrong links wilh tl)e fDllowing oiBani5atlDns with wliicli WOTking relationsliip5 h&vc beeEL
cslablislicd or ¢Utslinued'.
nlsfition
Work httivit5e$
N&tui'e of relationshl
Claiins Confer¢nLe
Negotiating witli Germany and Austi'ia on
beliaifol. HolocaL15I siirvivois £ind
I"efiigee5.
1-Iie Cliief Exeeiitive sits on tIEe Bot)rd
of D%rcLIoi'b.
Uiiiltd Restittition OYL¥Anisatioi)
l)i'ovision of ftinds to Ul< resident victtn)s
of Na7.1 opp￿ssion of Gcriknan origin.
Strong ongoingy rela¢iot)sliip
(URO)
Wiener HoloL4iisl Library
One of Ilie world'g let)cling 1110st
extcn5ivc ar¢l)ives on tli¢ Holocaiist atid
Nazi cra.
Oiie Triistce is a membcr of ihe Board
of Ti'usltes, one Trustee is a iiieinber
of Ilie EndowTiienl'f¥ust, and one
Ti'iislee is Joini Pressdeiil.
-loloeaiisl Ediicationi¢ I'frusl
(HETI
Woi'ks to engiire Iliftt people fN)i)) evci'y
bmckgroiind are educated abolit the
14olocaiTrsl.
I'l)e Cl)air of Trusiees is a Triislee of
Dctails of ITrtnsaeiitsiis with Iliese Drganisations arc s¢1 oiit the notes to tl)e accouTkts.
oiiJi;, crivES, ACTIVITICI S AND PUIILIC BEI NEI fi I'r
Tlic Inain L)bjective& of Ihe eli&riiable con)pèiny are to i)rovide %uppoil to ils bcii¢fi¢i%i'i¢% who at'¢ J¢wisli siirvivors of, and
r¢fugc¢s fi'om, Nazi oppression nd tlieii. dcijcndcnls expei'ieiiciiJg illness ￿nd fix21ry, lo rtliev¢ tlieir f%nAr*cial dÈsti'esg' to
organise social activilics and 10 pi'ovidc gii'anls lo pron)oie ediication abolit, and coiiiineii)oration of, tlie Holocaiist t)nd
r¢laled inatlers.
Diirin¥ the yC<lr the T1'iisiccg Ljave due iegaid to tlie g)Iiidai)¢L issiicd by Ilio Cliarily Loininission tsii th¢ subject of public
benefjt and were SRtigficd tlitll Iliese irquii'enienls were ftilly Inct.
iirinL ilie year, tl)c cliai'ilablc coiiipany pyovided ¢it)d fiind¢d li i'angc of seiviccy to Ciiliance tli¢ wclfai'¢ and n)&intaiii t]1¢
ciiliural tiaditions nd inteiests of foi'nici. JewEsh refugees Iroin Nazi oppression. lil llddilion. il provided fiinds to Ihose
toi'nier refiiLices in iieed, fiiiided fiirtliei. Ircordiiig of lifc ￿lIst￿rI¢S of $urviviiig7 refiigeeg %iiid Imade ediicalional grttrtis in
relation to HOloc￿lIESt sliidics tiiid otl)Ll granis 10 pe¥petLiate awaieness of the klolocaiist and Ilie siiffet'ingy it caused. Tlie
ch&rilable coinpany lill8 Incr&?scd its comiiiiinient to the riinning of conferences and seI￿lnalS on Inallers i'elating to tlie
iiienioi'ialls￿lt10n of tlie Holocaust.
Tl)e sci'vices pi'ovidcd illclud¢d advicc giiidanee on welfare benefits. foi'eign pension entiileii)entS 1)nd rei)arations',
voliintecrs visited tliose wlio weie Iioiisebound, pi'ovi(linu> ¢ompaiiionsliip aiid to assis1 willi i)raclical Inalters and a social
gti'vices depai'linent providcd comi)i'ehensive welfare services and assessed Imenibers. iiecds in tli¢ir lioiiiLs. Tlic ¢114ritable
company coiitii)ues to assist Ineiiibe13 and their descendAiiis 10 explore tlieEI' eligibiltry 10 t'estoi'e Ilieir foriiiei- cit17.ensliip.
Tlie chai'itablc coimpany serves as a lead cliarily in Umbrclla CJTOUP of five UK charili¢s wliicli SUPPOTt Holocaiisl
siiivivors and refiigees. Iii fjlliiig Illi% role, it engnges in disciissions witii Ihe Clain)b Confereiice ¢(InccrniiigF social well<ire
proLTYainFiies, principally tl)e pi'ovision of kloinccarc and oth¢T Èn-hoin¢ serviccs and emeTgency cal'e ftinded by the GeTinall
and Au8trian Govci'iinients, dnd is a eondiiii foi. Ihe receipt and disbiirsal of tiiiids to Uiiibi'cll¢l Group agciicies and il)eir
bciieficiarics.
I'lie c}i￿litt￿b]C ¢oii)l)ally I)<iS also hdii)inislered ¢1 similai. pi'ogr£Trinni¢ of Jn%nag¢iii¢nl of fiiiiding provided by tlie URO to
siippoi'l victims of Nazi pcrs¢ciilion wlio aTe of Geinian QFigin with Social 7¢ lid eimci'LNcnLy necds.
I'wo represenlatEVCS of ilie chai'itable coiiipaiiy ar¢ Ineinbei's of Il)¢ UK d¢l¢galioii to Ili¢ Interiiational Holocaiisl
Reineinbi'aTiC¢ Alliance, ali inl¢r&7oveJ'nnienlal oi'gaiii5ation foiinded to iinitc gove1￿[ne[lIS and experis to 51rengFilicn,
advELnce and promole Holouiist cdii¢atioi), researcli le￿1cMbra17Ce.

THE ASSOCIATION OFJEWISII REFUGLI FS (AJR)
TRUSTEI ES, IILPORT (eontinued)
IOR T14E YEAR ENDLI D 31 DEICEMBEI 112023
OBJECI'IVES, ACTIVITIES AND PUBLIC BCI NEFII- (contiiiuedl
Tlie ¢liarital)Ic coi))pany uses voliinteers io siipport its social and oiitreach activittes. VolLinleers visil Jiid call iiicmb¢i's I
mitigate isolation and to &8si81 IJ learn2l￿ p#iliLiilai'ly in relation to tlie i￿t of inforJMat50n teclinoltsgy. More Ilian 250
volIEnltci's provided appi'oxiinatLly 15,000 liours of visit liine, siii)pleinenting Ilie social sei'vice toain by ilic equivalent of
3 fiill time aiid outi'each sraff. Volunteers 4s%ist with the delivery of soci()l events and lielp out at head officc.
Grant malciiig polity
l-l)e clmritable coinpany disbiir5ed sooial wclfaie grai)Is 10 individual AJR I)1¢511ber&' wliose reqiiests wei-c consid¢ied on a
eAse-by-ea&c bi18iS, siibject to eacli grant being for a piirposc in line willi the objectives of the chai'it<iblc ¢oinpany.
As the lead ￿1genCY of tlie Un)bi'clla GroLlP, Il)e AJR also disbiii'sed gi?nts to Holocaiisl siiivivors ¥efiigees, incliiding
tliosc wlio were not AIR Illeti)b¢￿, fiDni the nioniey alloCA￿d i(> tlic IJK fro1￿ tlie Claim8 Conference. Tliese W<ll'd¥ wcre
approve(I by ai) Advisoiy Conuiiillee oi. as othejwise I'equired iiiidei. tlJe tei'in8 of Ilie Claiins Confereiice grants. It also
acted as pHying agenl foi. grants awarded by Ilie URO.
Alongside tlic granis to ii)dividuiils for social welfai'e pury)05es, a siib- coii)Iniltee of Ti'iislecs artd, for lai'ger pi-ojects. the
full body of TrLisiees, coiisidcred proposals froin iiidiiiidiillls, local ¢oii)n)Iinily gyroiips and instiliilions foy Il)e siii)port of
pi'oject.s i'cIAiing 10 14oloc<?IlSt Lducation aiid mciiioiillligation. Tlie Chai'itable cotni)any ¢inploys a Head of Ediic41tion cin<l
4ei'itagc to provide <7 pi'ofc8sional sgessillenl ofproject flpplications. ieli¢ tingy ID Holocaiisl ediicalion and coinn)einoixtion
and to generally advise Il)e l-rustees on tl)¢6¢ nialters.

THE ASSOCIATION OF JfiWISH It£￿UG￿LIs {AJII)
TRUSI'EES, IIEPORT (Continued)
4 OR THE YEI AR ENDEI D JI Dri CTr:MIIEII 2023
ACHIEVfi MENTS AND PERFORMANCE
Tlie financial.%tateinciits for thc ycai. ¢ii(Icd 31 Dtccinber 2023 show a nct i'ediiction in fi]nds of £1.576k12022'. rediiction
£2,751 k}. 1112023 tliere was significant incoii)e froii) legacies, pai'lially oftseiby invesiinent losscg.. 111 2022 tlic iiivestiilents
Iiad mad¢ ll Signif￿¢￿nt loss.
The operatiiig defieieney before investinent losses was £1.4m {2022.' £0.5in).
Social work and admiiiisirative activity were delivered botli in-pei'son and ren)otely.'
Th¢ SaCi£21 work tcain-lnaintained continuity of sei'vice Ilirougli in-pcrson visits. lelepliDlliC aiid virtual meihods.
Regional Groiiploiitrc#ch progi'uiiiincs wcre a Imixtiirc of iii-pcrsoii lid viittial eveiits
A weekly e-newsletter was publislied wliicli giEaily sti'engtheiied the con)n)Iinication cl)annel lo Inenibers Rnd
SLlPI)oried partiuipaiion in online heiivity.
AimonLY Élie notabl¢ and liigh-pi'ofile events Ihe charitable coiiipany orgai)ised was an Lvent cxplorinLF tlie i)eTSI)ective5 or
dcscendèiiits of Gci'niaii Jewish Irfiigees on 11 cqiiiring Gerint)i) ciliiensliip featui'inb thc participatEon of Matt Liicas and
David Baddiel.

THE ASSOCIATION ofi JEWISH REFUGEES (AJR)
TRUS'fEES' REPORI. {con¢inued}
FOR THF YEAR ENDLD 311)FCEMBER 2023
ACHIEVEMEIIYTS AND PEI RFORMANCE (continued)
Tlie cliarily coiitiniied to grow ils infliienee by OTganising aiid Iiosling a confcrcncc on Holocaust testimony at Lancaster
House atiendcd by m¢mb¢rs of HM Govcrnincnl and acadcniics froiii aroiind Il)e globe.
Ai Ilie te.stiiiiony conf¢rcnce Ilic UK Sp¢cial Envoy foi. Post-Holocaiist issiics. Lord Pickles announced ihe laiincli of the
Holocaii&l lesliinotjy portic I working LTroup. Il)al will sec Ilic AJR biiild a resource Iliroiigh wl)icli Inultipl¢ audicnccs will
bc able to access sevei'al collections of Holocaiisl testiiiiony.
i¥.

THE ASSOCIATION Ob JEWISH REFUGF.ES (AJII}
TRUSI'LEI S, 11[4 PORT {eontinued)
FOR THE VEAII CINDEI D 31 DECC4 MBEII 2023
ACHIEIVEI MENI'S AND PERFORMANCE (continued)
In O¢tob¢r. AJli110sted its annual tca. Pictiircd b¢low air a niimber of oiii. fIrst-￿￿eneration iiieinbcrs who all¢ndcd the event
ai the Stone X stadiiijn.
l.AJR,
.'1

THE ASSOCIATION OF JCIWISH REfiUGEES IAJR)
TIIUSTEES, IIEPOIIT {¢ontinued)
FOII THE YEAR ENDED 31 DECEI MBEI R 2023
ACHIEVEMEN'I'S AND PERbOIIMANCE (Continued)
In Noveii)ber wc iiiarkcd Ilic 85, aiinivcrsaTy of Ki'istalliiaclil aiid Triad tlic lionoiir of wclcoti)itig liis Majesty Kiiig Chcirle5
to Iiiccl AJR Inciiibcrs wl)o caii)e lo tl)c UK on Ilic Kindcrlrc1nspoil. We were also honoiiTed that Ilie Cliief Rabbi Sir
Epliraim Mirvis led oiir comimcn)orfilion service
indertransport 851h Anniversary
1938-2023 _1/. AJR,,,,,

ry'HL ASSOCIATION ofi JEIWISH REfiUGEfiS {AJR)
TRUSTEES, IIEI POIIT {eontlnued)
FOII THE YEIAR ENDED 31 DECEMBEII 2023
ACHICI VEI M£1 NTS AND PERFORMAIYCE leontinued)
4ih

'rHE ASSOCIAI'ION OF JEWISH REFUGEES (AJR)
TRUSTEEI S, REPOIII. (continued)
FOlI'fHE YEI All EI NDLI D 31 DECLI MIILR 2(523
ACHICI VEI MENTS AND PERFOIiMANCL (continiiedl
In Deceinber we niarked tlie start of 85 anniveTsary of tlie Kinderlianspoi'l, ¢oinii)ctiiorc1tingF tlie first Iransport of eliildren
who arrivcd on 2 Deccjiibcr 1938, Earli¢r in Ili¢ ycai. Ilic Prcsidcnt of ilie BiindeslllgF visited Il)e Kinderlran5port Inoniini¢nt
at Liv¢rpool Strect station.
On tlie anniversni-y of the first Kinderliansport llrrivals. Ilie AJR tobFetliei' witli Woi'ld Jewisli Rclicf organised an event.
also at Livcrpool StiEct station,
12

THE ASSOCIATION OF JEWISH REfiUGEI ES {AJR)
'rRUS'I'KEI S, REPORT (continued)
roiiTHE YEI AR EI NDEI D 31 DECEMBEII 2023
ACHIEIVWMCI N'I'S AND PLIllFORMANCE leoiifinuedl
TlicT¥115tcEs continue tD 11101)Itor invEslJiienl slrate¥y IliiN)Iigli tli¢ liivcstinent Comn)iiiee and tliroiigli qualified indep¢ndent
advisois. £3,7in of Il)e investiii¢iil poi'ifolio of tli¢ ¢liarit4blc coinpt)ny is invesi¢d in a lowei. I'isk ab401iiic rciiirn flind Ic nd
tliis, tobiclhcr willi its C<l511 reseives, pi'Dvide5 liqiiidity and fInancittl pl￿teLl10n in tiines of iinsit)ble li￿rket conditions.
Inipllct
Tlie-I'i'ustees assess tlie siicccss of thc clJaYil4bl¢ Coinpatiy's activity in tei'ins of..
'lie ovei?11 nuiiibEr ofmeinbers tliat it sllppoi'ls aiid tlic niitnber of Nttzi ViClin)s within the Umbrella Gi'oiip wlio
bei)cfit fiDii) Ilic delivery of tlic welfare i)rograiiiine5 funded by the Claiins Confei'ence, the cliai'iiablc coinpat]y
and tlie URO.
The mainteiiatjce and et)hancemcnt of ils own weifaic g7Tant nl8kinB pi'obirdinnie.
Attendances (both pliysically and vir(UAllyl al, and lakc iii) of, oiilreacli and soci&l i)roLYTainine5.
Tlic level and freqiicnLy of S0¢iiil work visit% 10. 41nd assessin¢nls of, ils Ji)einbers.
Tlie natiii'e ttnd qiialily of oiitPLII of the in&littttions wliose proj¢cls it fiinds foi. COTiiineinoiative rtnd
ediicatEonal purposes.
RcL'ords are niaiRtaitked wliich repoi'l on the level of social sei'vice visiL5', weific re kii'aTrrs paid aiid niinibers of Nazi victims
xssistcd. Reports are available to tlie'ft￿S1tes, the Claiins LoJif¢rciicc 11nd key inembers of Inanabjcinent.
RepoL-Is #nd u1)d￿￿teS ai'c rcqiicstcd frojii oi'E4inisations wliose edii¢ationJl <ind coii)ii)emoi'ative pi'oj¢cts the ¢hArilable
coillpany filiids to detiionstr&ile th￿t grai)ts Bivei) are iistil eCfc¢livcly for Ilie piii'pose fo¥ wliicli tliey weie Iii&de.
13

I'HE ASSOCIATION OF JEWISH REfiUGEES IAJR)
TRUSTEES, REPORT (contlnued)
riOR THE YEAR ENDFD 31 DECEMBER 2023
ACHIEVEMCINTS AND PEI RFIORMANCE (continued)
Over the yeai., Inembersliip has grown, with Ilic d¢clin¢ in tlie first-generalion nieinbersliip l)as b¢en inore Ilian offset by
tlie growth in fiitur¢ gcnci'atioii Incii)bci'sl)ip. The Triistees recognsse this continuing sliift between gFenerations and will
fo￿lS Ilie ¢liarily accordingly in tlic i)ionllis and yeai-s ahead.
Total members for the perlod 2013.2023
15tOe
2r4Gvn ￿3rdI￿1hGÈn ￿T￿lI1
3.auo
I,$00
13
1,902
I,J)5
I.￿2
1,500
1,483
1,3n
1,168
i.￿0
9M
739
Diii'inb? tlie year, tlic charitabl¢ cotni)any's teain of social workeTS Lonsistiiig of 13.3 full liii)c equivalent staff. Inade in
cxccss of 4,000 contacts by way of visiis oi. ieleplione calls lo Jiieinb¢rs nc¢ding support.
In total, tl)¢ charitablc coinpany received grants relating lo ils own Ineinbers froii) Il)c Claiiiis Confei'ence anioiiiiting lo
£6.5in12022.' £6.Oinl representinkF a continiiingj soiii'cc of gi'ant tn¢oinc for speLilic social project8 tlial were in line with
the tietivitics of tl)os¢ organisations as dctailcd below. £5.7n) {2022.. £5.1 in) was dislribiilcd dii'ectly lo iiieinbers,. Ilic
reimaindei. being a contribiitioii lowllrds the Lliarilable company's cost8 of adi)iiiiistcrinLF Ihe Umbrella Gi'oiip aiid disbiirsiiig
welfare fiinds. A fiti'ilier £0.8in 12022.. £0.7inl was distribiited to over l 00 of tlie neediest m¢Jnb¢rs of tl)e cliaritable
company as parl of it8 own wclfaic prograinii)c.
Arisitig> fiDlI) its relationship witl) Ilie Claiims Coi)fLienLL. a total of £13.5n)12022.. £12.2IM) of Clèiinis Confci'ence futiding
was adjiiiiiistered by tlie cliarilable coinpany on behalf uf ilsclf and otliei. aBcn¢ie8 in Ilie Uiiibi'ellèi Groiip incliiding the
gi'ants sliown as restricted fiind incon)e and cxpendiliirc in thcse finaiicial slatcincnls. Of Ilie cibove £13.5in. £6.Siii Irlates
dircctly lo Ili¢ ¢hai'ilable coii)pany's Ineinbei% and is i-enecled in Ilic fjiiancial 8tal¢inciils. Tlie5e I'iinds al'e use(1 lo siipport
Reedy Jcwi5h victiins of Na7.1 perseciition witli Ilie provisioii uf caiers to eiiabl¢ Ili¢in lo Icimain in tl)eir owt] lioinc%, aiid lo
assist willi Imcdical, Iioiising, transport and other urgent tJeed&. Tliese prograintii¢s liavc supported ii) excess of 400 victims
of Nazi opprcssion diiring Ilie year.
Tlle oiilreucli activity of Ilie cliaritablc coinpaiiy incliid¢d tlic holding of 285 meetings at which Ili¢rc were 3,785 individiirtl
atlcndaticcs by Ineinbers across tl)e coiintry.
In 2023, 52.000 addilionfil l)oiii¥ of caTe werc funded over 2022. In total 847,000 IIoiiTS of caiE were fiitidcd.
Refugee Voices, thc charitablc coinpany's airl)ive of rccoiYi¢d and docuinented inteTviews with refug¢cs, created in 2003.
eoniinLies 10 expaiid, with. to date, 289 first g¢ncralion interviews having been completed.
14

TIIE ASSOCIA'I'ION ()FJEWISH REFUGEEIS (AJRI
I'IIUSTEI ES, REI PORT (continued)
F()R THE YEAII KNDED JI DEICEMlllI R 2023
ACHIEVEMEN1'S AND PERPOIIMANCE leontinuedl
Tlie Tnisiees are grateful for the ¢onsiderablc cfforls ttiade by Ilie cliaricable coinpaiiy's el￿p10YE¢S alld niiin¢iDus
voliiiiteeis lo deliv¢r thc Iniiltiple achieveincnls desci'ibed abovc.
Details of grants Inade for edLicaiiot)al purposes diiriiig the year were as follows..
BeTreficÈary
Amount PiiJyos¢ of award
grÈllltEd
£39k Creating 14olocaLlSt resoiLTces for WElsli sLhrJols
£SOk To &iii)port 11)e CO&ls of the Centre's leai'ning pi'OEraJiiine
£50k Supi)ort The Joiimey oiitlEacli prOg1￿mine
£17k To siipporl a prograinine to takc Icacl)crE to Yad V41sliein inlsrael
£75k Towai'ds pi'ojecls of particular intei'est lo tl)e cliRI'itsLble ¢oii)P£iny
Aberystwyth Univerkily
Holocaiist C¢nlir Nortli
Natioiial Holocaiisl Cenlie Mu8eLim
Vison Schuols SLullaiid
Wiener I lolocdLisI Library
Otlicy
£69k
'rolal
£300k
In total, £257k in grants wei'e distribiitcd in 2023 of wliicli £1 O8k were awai'dcd prioi. to 2023.

THE ASSOCIA TION ofi JEWISII RE¢ fiUGCI ES (AJII)
'RUSTCI ES, RE4 POIIT (continued)
roR THb' YkAII ENDEI D 31 DECEMBEI R 2023
INANCIAL IIEI VIEI W
SObA
Toi&l iiiLoiiic for 2023 was conSis￿nt willi Ih&t for 2022. althougli Il)ere weit ii)oveinentg in s'i)ccifits otilcb¥ories. Donaiions
gnd Icgacies 81 £1.4111 were down 280/0 &gainsi 2022. We do not biidget for leg)a¢i¢s nd are excepiionally gratefiil lo our
Inei)Ibers wlio reiiieiiibci. us in Ilicii. wills. Thc LFr#nt WL reccivcd froin thc Cl￿11￿5 Conferciice lor 0￿r iiiembers w&s £6.Sni,
7*/1 liiglier IliaTI 2022. Tliis ciiablcd lis to iii¢i'ei£ sc oiir gocial and w¢lfai'c actIvities,' in 2023 £9.2in WIIS spcnl on 50ci4l £lnd
w¢lfare aclivitics, an iti¢r¢ase of 90/0 against 2022.
Oiii. investinenrs inic de R sii)all loss of £0.2m in 2023 Loii)pared to a108s of £2.3in in 2022,
ResL'i'ves
At Ilie bknlince sl)eel dale. total ieserves siood at £19.4in12022,. £20.9nil. all of which is iii)restricied. Tlie Tiiislees seek to
ensiii'c tl)ttt ihc Icvel of resetves of the chai'iiable coiiipany ale siifficient lo fund Ilie provisioi) of its services for (lie
foi.esee7￿ blc fiittjre, independent ofgi'8nl inconie whicli is not giiaranieed.
Following a &tixtegie Teview tsf ils aclivElies aiid con)Inilinerts, the'l'riistees adopted a sIT￿tegiC plan ii) 2019. Coiisideralion
Wtis givcii to the demograpl)Ic pi'of11e of ilie niel￿berS111i) orilie chai'itftble coinpany at)d how ilial was likely 10 change over
thc iiext icii yea¥s. Tl)e Tiiisiets considered Iliat tlie cl)rtritable CDlI)pany had siirricieni reseives to n)e¢t its. chai'itable
objectivcs for tlie foresLeable fiiiiire.
Inve5tnTrent polity
Tl)e policy of Ilic ¢liaritablc ¢oiiipany is io relaii) caslj b<ilances suffjcient to niai)age Ilie day-to-day woi'king capital of tli¢
ciilirc Ujnbrclla Gi'oiii) witli iEspecl lo Clain)s Coiiferencc aclivity as well as its own Diilgoiiigs. Casli b%Llances above tliis
level Are placed with tlie cliariiable coinpany's iiiveslnient ii)anagers. Raihbone tnvescinenl Manageinei)l Lin)ited and
Iluffer LLP I'tlie Managers"), to w5ioni tl)c iiivcstincnl of thc funds of the clTruritablc coiiipany is delegated on a
discietionary basis.
Tlie bi'oad objectives in i'elalion to th¢ invcstii)ent of tlic assets weiE and will r¢ii)aii) tlie Inanjgeinent of inveslnienis foi. a
balanced coinbination ofincoiiie and gii'owili, reviewed pcriodically by tjie Investment Coiniiiillee ¢i11d ils Rdvisors, <ind, ll)
Inaking oi. vaiying tl)e inv¢sli))ents, ensiirii)g that the n)an41Bers l)ave I'egiai'd to tl)e following cyiteria:
tli¢ suitability of any parliciLlaT i￿Vestn]ent proposed lo be inHde or retained.
Ili¢ n¢¢d for diveiEificatioii of tlie investinenls as far as is api)iY>pi'iale to tl)e cireumstances of tlie charitable
LosiTrpany.
In ielalitsn lo tIIL ¢ibove criteria, Ilie Ii>lal vali1¢ of Ili¢ net ssgtls of Ili¢ cliat'ilabl¢ coinpat)y at Ilie year<nd was £19.4ni, of
whiLli Ihe investinent l)LITifuliu cin)oiinted lo £16.&in. C'agli li¢ld on deiiosit rcdii¢¢(I to £l.Sih.
Tlie Trustces li£ive Ic Brc¢d pcrforiiian¢¢ beneliniarks for tl)e n)aiiagei's as detatled below..
Ralliboftc=
PIMFA B£ilaiic¢d Il'ei'soiial Inveslinent Managei)iei)t & Fii)ancial Advice Associatlonl
Riiffcr..
An absoliile reliirn approacli witli the twiii objectiv£g of not losing valiit iii any i'olling twelv¢-Jiiontli
pcriod wliilc gl'owing fiinds 1t t a liiglier late than woiild be acliitved by investing iti casli.
Thc chai'ilable coiiipany does iiol geiierally acquiTe inve8liiierils in Inarkels wl*ere iiifirkelabiliry is liinited.
l-liere are no tax or le¥il ¢L)nstraintg wliieh affeci 11)e coiiniries or jiii'isdiclions in wliich Ilie invesiments aTe l)eld.
i undi'Mising
The cliarttable compally does not solicit fiinds via tclcpl)one, ciniiil. direet Imail Dr by iisiiigi iliird pai'ty con)Inercial
fLindi&iseis and does nol fiindrnisc via g¢11¢121 call for siipport. Tlie cliaritable conipaiiy is cotiiinitted lo beiiig accollnlable
and r¢sponsiblc and, slioiild ils fundia55ing app1-Ol￿ cli cliangTe in tlic fiitsire, will Icg7isler with tlic UK Fiindi'aising RegJulatOT.
-l-Iie cliai'itable conipany rcc¢ivcd no Complaints aboiii fLiiidTttising ¥Lclivity diiring either 2022 01. 2023.
16

T14E ASSOCIATION or JEWISH IIEfiUGLI FS (AJII)
TRUSTEI ES. IIEPOR'f (eontiiiiieil)
FOII THE YEAR EI NDED 31 Dri CCI MBER 2023
I INANCIAL IIEVIEI W Icoiitinued)
FUTURI PLANS
It is intenLled tliat tlie cli&rilable CDinpany will conliniie to SLIPPOI'I tlie needs ot jewish vi¢tiiiis of NA£1 01)i)ression willi a
range of &crvices and to &upiiort 7¢ ppa'opriate ediicaiional and Ltrininenioialive initiatives i'eltktitig> to t15c Holocaust.
Diii'ing 2018. the Tiiistces decided to bdiyy olit a Iiill lonb-tei'ii) sliytegic ieview lo dct¢rmine Ilie iiattji'e Df its oper£ltions.
A tliird-parly ¢onsiiltant was appoinied tL) facilTlÉtte tliis i'cview è)nd woi-k coinin¢n¢ed during Iliat yeai. wliicli Loncliided
diii'iIiLY 2O19, 'ri)e strateEiC review lills b¢cii rel'reslied Itind wtis agaii) reviewed ill botli 2022 ai)d 211231 aiid it was agreed
Ihat the stiategic focus of the charitable cojnpany will coiitinue 10 be-.
Siipporting tlie Firsl Genei-ation of s111'vivors ai)d iefiigees
DcvLlopinbF sei'vices Rnd activities for Ilic Sccond and SiibseqLient GeIier&tions
Sponsoring HDlocaLisI coniincinoi'ation. teacliinLF and 1¢al￿1N￿.
In 2024 work began to rcvicw tlie stratcgi¢ plan. willi the aini ol'adopting a neiv plan in tlie aiitiitnii of 2024,

THE ASSOCIATION OFJEWISH RC4 fiUGEIES (AJR)
STATEMENI. OF I'RUSTEEI S, RE4 SPONSIBILITI£S
I'lie Ti￿st¢eS Iwlio al'e also the Directors of Thc Association of Jewisli RefiiLTees IAJR) ftrL' Ilie pl1￿￿$¢$ of coinpany law)
al'e iEspon%ible for pi'eparing Ilie'fi-listccs, r¢w&'t aiid tl)e fEtJallciRI stateinents in accoi'dancL witl) applicable law ai)d UK
ao¢ottnting standhrds (United Kiiigilom Generally AcLcpted ALcoLinting Pric Ctice).
Cliarity law i'eqiiires the I'rustees ¢0 i)r¢i)are fjiiaiicial stalcinents for cacli fii)a¥i¢i&l yecll. wl)ich give A I¥Lie ai)d fair view of
tli¢ stst¢ of affairs of the charitable compL2ny and Df ilie incoiniiig Tesoiirces and applictttion of resources, incliiding tlie
incoine and oxpcndiiiire, of the cl)arilal>lc coini)aiiy for tliat period. In pjepai'ing Ilicse fiiiancial slateinenis, tl)e Tnislees
are irquired to..
Sclcct siiit8ble accoiii)tinL polioics Aiid tl)en apply them consisl¢ntly'
Obs¢rv¢ tlic ii)tLliods and pi'iiiciples in rhe Chai'ities SORP:
Makc jiidgJi)Icnts' and estiiiiales Ilial ar¢ ieasonable and piwdenl.,
State wlictlici. applicable UK acco¥ii)ting standards have been followed, siibjcct to any inaiei'ial deptvliires
disclosed and explAintd in tl)e fitiancial statenienls. and
Prepare the fJn4illcial stalcinenls (In the going concern basis Iinless it is inapi>iDPI'lalc to PlESLiine Ihai ihe
cli£iritable coinpaiiy ivill LontiiJiie ii) biisiness.
Tl)e ehaiilable coii)pai)y's inv¢slments and liqiiid resoiirces are such tliat at any ttime they cali bc Lonvcrt¢d intn cash
thus etEable it to meei its lj£lbilitieg and coiiiiniliiicnts. Eis Iliey fall due.
Tlic Tiiisteeg are i'esponsible for kccping adEqiiate accounting Iccords thAt ar¢ siiffieiei)t to sliow and explain the cliai'itablc
Col￿pai}Y,$ trai)sactions and disclusc wirli reasonabl¢ IlCCilI'acy I2t aiiy tiiii¢ tli¢ financial position of tlie clial'itablc company
and enable Ili¢in to ensure Iliat tlic financial siateincnls Loinply wilh (he ConipanÈes Acl 2006. 'lliey are also respoiisible
for S¢ifegiiardingT tl)e assels urilie Lli¢ll'itabl¢ ¢oinp&iiy and hence for taking reasonable steps for rhe preventioii and dctcction
of fi'aiid and oih¢i' ii'iegularities.
Thc Ti'ustees are responsiblc for tlie n)aintenic nce dnd inlebji'ily of tlie corporate fin&nciiil info1.1￿atIO￿ in¢lLided on the
ch41ritable coinp¢iny's wcbsitc. Legislation in the Uiiitcd Kiiigdoiii governing tlie pi'epai'ation nd disscininatioii of financial
statcinet)Is Inay differ frojii lcgiblaiion in other jiirisdictions.
Thc Triistces l)Ave peiinitted tlic aiiditor Éo underiakc wlialcvci. ii)si)¢ctions il Consideis to be appropiiate for the PiiTPOSC of
enabling thc auditor to givc tls ildil opinion.
As far #s each of tl)e'l-ruste¢s is llwarc al the liime the rcpoi'l 1% api)roved..
tlicrc is no relevant aiidit iiiforin£ilion of wliicl) tlie cl)&ritable coini)xiiy's aiidito¥ is 111)EIWill'e- and
Ihc Ti'ustees liave takEn all sieps tliat tliey oiiglit to havc taken 10 makL Iliei)Iselves aware of any relev¢inl aiidit
iiiforiiiatioi) and lo eslablisli tlial Ihe aiiditoi's air awai'¢ of tl)at inloriii¥Ltion.
APPIIOVAL
Tliis report W£iS appj'oved by the Triistees on
behalf by..
-and signed on Ilieir
Ksrp OIIE
Chairinan

IIYDEPENDEt NT AUDITOII'S Il£¢ PORT TO THE TRUSI'LI Ei S OTr. TIIL ASSOCIATION OF JEWISH
REFUGLI ES {AJRI
Opinion
We liave aiidited tl)e fini2ncial stateinents of tlie Associi£lion of Jcwi%h Refiigces IAJRI for the year ended 31 Dc¢en)ber
2023, wliicl) coinpiise rhe Slal¢tn¢nt of Financial Acliv5ties. the Balancc Slicct, Cllsli Flow Sihteinent. and notcs to thc
rinaiicial st¢lteiiients, iiicliidinkT a su21unaiy of significant accountin£ policies. Tlie financial reporting fi'aiiiework Iliat hag
been tipplied in tlicir pirparalioii is applicable law and UnitLd KinLydoin Ac¢oiii)ting Siat)dards, incliiding FiiiancEAI
Repoi'ling Siand<?Id 102 TliÉ liiiiopiciÉil Rgpoi'ltiig Sitindlljil ui)plicul)le iii ihe UKiipid Rvpiihlic gJliel(iiid (United Kingdojii
Geiiei'ally Accepted AcLoiintiiig PTacticel.
In oiir opinioii. tl)e financial slalcin¢nls'.
give & t￿le and tair view of t]ie state of Ilie ¢hai'it2ble coiiipaiiy's affairs as at 31 Dcceinber 2023 and of tlie
l)aritable coinpAny's net Inoveiiient in fund5, in¢liidEng tlJ¢ incoiiie ai)d expendittire, for tlie ye￿￿r tlien cnd¢d.
liave been i)101)erly prepaTed in accord<lnce ivitli Uiitted Killgdoim CJ¢ncrally Ac¢¢pled Accoiinting Praelicc,. and
have beeA prepa¥ed in dLCOJN]an¢¢ witli the i'eqiiii'eLI)enrs of the Coinpanie5 Act 2006.
Basts foi. opijiion
We condii¢lcd out. aiidit in accoTdancc willi Interiiationttl Standards on Aiiditing {UK} (ISAS {UK)l and applicable law.
OLII. re5ponsibilili¢s iindei. tliose standaTds arc fLlltI)ei'desci'ibed in tlie Auditoi s resi)onsibililies tor the Iiudit of tlic financial
51atemen15 Section of oily J'eporl. We are independcnt Df the chai'iiic ble company ii) ACCOI'daiice witll the et]iical iequii'eiii¢nts
Ilial al'e relcv4111t io oiii. Audit of the fJnanci31 stdtcincnts tlie UK, ineliiding tlie FRC'S Ltiiical Standai'd, and wc hdV¢
fulfilled OLIF Otlicr ctlitcal r¢&pDnsibilities in accordaiiLe with these Tequiiei)ient%. We believe Iliat tlie audit evidciice wc
l)ave oblai￿Cd 15 511ffi¢iciil atid appi'opi'iate to providc a basis for OLIT tsPIIIIOn.
Contlusion$ rclgtinE to going cDneern
In auditiJig7 tlie fini2ttcial slalcinci)ts, w¢11ov¢ ¢gncliided thai rlie Triisiees, iise oftlie going concem Kisis of accountiiig in
tlie prep<llltioii of Éhe financial slateinents is appropriate.
Based on Ilie woi'k we havc pci'foiiiicd, wc IiJ)ve not identified any inoleriql iinceriainties iEl¢lting to e%'ei)ts or Condilions
t17￿t, iiidividiii£ Ily Di. collectively, i)iay cast sig)nificanl doLibi on tl)e cliariiable compttiiy's ability lo continiie as 41 going
concern for & pei'iod of at least twelve iiionths frotii when tlic finmncidl glaLenieiiES are aiiilioi'ised foi. issiie.
Oui. i'esponsibilitics and thc rcgponsibilities of tlie Trust¢cs witli r¢sp¢¢t to going conteill hre destTibed in the relevant
secttons of tliis iepoi'l.
Othei. iiiftsi'mjtion
'rhe'fi'iisteCS aTC rcspoiisible foi. tlie othei. infoniialion. Tl)c oth¢r inforinaiioii coniprise& Ihe iiiftsi'malion incliided in Ilie
Triislees, Aiiniial Rcport. Oiir opinioii on the financial statcin¢nls (focs nol cover tlit L)Iher inforni&lion and. excepl lo Ihe
extent othejwise cxi)lieitly stjied in oiii. ieport. we do iiol cxpr¢ss ￿lly fonii ofa5sui'ane¢ concliision tliereoii.
In connectioii witli oiir aiidit of tl)e fink)ncial slateim¢nts, oiii icsi)(Jn4ibilily is lo read Ihe Dihei. ÈiiloiThatlOll lld, in doin
so, consider wlietlici. tlic o)tlici' infoiinaiion is Inatei'ially iiiconsisttynt Wlth tl)e financial stal¢iii¢nls, oi. our knowledsFe
obtaÈned in tlie audit or otl)cmiisc appcar8 to be Inaterially niisstated. If w¢ idciilify siicli inklterial inconsistencies or
appai'¢nl Inalei'ial ii)isstaiciiicnts, wc al'e i'eqiiiied to detennine wlietlier tIici'¢ Is tii&t¢rial Inisstat¢inent in Ili¢ fEnaiicial
s1411eiA¢iils or a iiiatei'ial lilisstl￿ leiiicilt of Ihe oiliei inforination. If. bcised Dn tlie work we l)avc pei'foi'iiicd, wc concliidc
tl)at Iliere is a iiiaterial iiiisstatcinet)i of tliis other inloriiiation. we ar¢ reqiiircd to roi)oi'l tlial fact, W¢ liave noiliing lo
rcporl in tliis i'eg&iYl.

INDEPENDKNT AUDITOR'S REPORT 1.0 THL'I'RUSTCES or TIIE ASSOCIATION OF JEIWISH
REf4 UGEEI S (AJll)
Ilpiiiions on otlicr matters pre5¢ribe(I by the Companies Act 2006
In oiir opiniots. based 011 tlie work iiiiilcrlaken in Ili¢ course of Ilit aiidsl..
tlie informalion giveji iIi tlie Trustces, Anniial Repoil (whicli incorporates iht sti'ategic report and tlie directors.
report) foi. thc financicil year for whicli the finaiicial stateinents are i)IEpared is ¢onsisi¢nt witli tlie finaneial
Staterneiits- and
tli¢ slraltgie repoi't and tlic directors. I'eport incliided within tl)e -I'rLlStees' Anniial Ileport lias beei) prepared in
ccoi'daiiee witli applicable IcLJ211 reqiiiiciiientg.
Re$ponsibilities ¢Jf Ti'ustees foi. tlio fanaiieiAI staten)ents
A5 expl£iiii¢d n)ore fillly in tlie 'fnistees' rcsponsibili(ies sitlLcineiit set out nn page 16, the I'rlisiees (wlio al'e also ilie
directors (Jf tli¢ ¢liariiable coii)paiiy for tlie pui'poscs olLoini)hrty lawl ale itspoIisible foi. the prei)Etratioii of ihe financial
sl£ltcinents dnd foi. beii)g gatisfied tlial they give a ITllC tind lair vieiv, tind for sucli inlei-n211 Loiiti-ol as the TTllStees detern)ine
is necc5Sciry lo ei)able the i)Icparalion ol'fJnat]cial staieincnts. Il)Ai ai'c frce fi-om ihalerial iiiissiaieiiienl. wliethei- diie to fraiid
or eiror.
In Pl'eparing tlie financial stateii)ents, tlie Tiiist¢¢s tti'e responsible foi. asses8iiig (he charitable compai)y's ability to continue
As x Lioiiig concern, disclosing, as applIc￿￿ble, niaiiei-s Icl&ied to going eoncci-n And iising the going concei'n basis of
accoiintTtILF Linless the Triisiees either intend lo liqiiidaie the el)ariiAble coittpany oi. to cettstr operationg, or ht)ve no TeAlistic
alternative biit lo do so.
Auditor's resptsnsibllltles for tlie audit of the finAn¢i*l $t:It¢ment$
OIiT objectives are lo obtain i-casonable assuyance abolit wlieilier the financial slatcinents wliol¢ ar¢ fite froiii n)aleTial
iiiisslateiiient, whetlier diie to fiiiiid or eri'oi., and to issiie an aiidiloi s rcpoi't tl)at incliides oiii. 01)inion. R¢a.%i)nable aysiirance
is a Iiigli level ol'assuiyiiLe biit is noi a guai'anlee tliat an audit condiicted in iiccordance witli ISA% (UT£I will iilway.E del¢ci
a inatei'ial inigsiaieinent wlieii it exists. Misstatcincnls can &i'i.%¢ fiviii fTaiid or eiroi and are coll5idered inalerial if,
individii&lly ui. in the aggregate. tiiey eDiild reasonJbly bc cxpcct¢d to itifliicncc Ili¢ cconoinic decisions of iiS¢TS laken oil
the basis of tl)c&e f1rkahcli￿ l %taieinents.
Erregiilarilies, including fraud, are inslllnces of iion-coinpliance witl) laws and Ic&)Iilations. W¢ d¢siLyn pr()Lcdiii'es in line
witli our Irsponsibilities. oiirlined above. to detect n)alcrial iiiisstal¢iiieJils iii i'csi)ccl of *r¥cbviilarilics, incliidii)g fraLid. 1'h¢
extent to wljich oiij. procediii'cs ￿￿1.¢ cap£tble of detectingy irregiilaj'itics. iiicludinbs fi'aud is det4ilcd b¢low'.
Based on our unde¥slanding of tlie cliariiable coinpany and the envii'oninent in wliiclTr it oper¢?t¢s. we identifi¢d that the
i)rinctpAI t'iskg of non-coiiipliance witli law% reuNiil&iions relaied to Ilie legial und I'egul&lory IEqlllI'eii)eiils pei'tainii)g to
rcgislcrtd cliarilits, and we con5idci.ed Ilic cxteiii IL) wliicli non-CDinpliJnce i)iiglil liav¢ a In￿le1.1￿] el'lect on tlie financiic I
stal¢inents. We alsD considci'ed th()se IAWS an(1 regiilAtioi)s that have a diiecl Iiiipact on tlie pirparalioii of Ilic fiii*nLial
stilteinents sucli as tlic Conipanicg Aci 2006 and tlle Cl)arities Act 2011, and Dtlier taciors sucli as incoine lax lind payroll
laxcs.
We eviliiatcd Inanagcinciil'% inccntÈvc% an(1 opportunities foi. fraiidulent manipiilation of the financial st7￿ t¢tY)enls lincludinL
Ili¢ risk of ovci'ridc of controls) and d¢l¢rinined tl)ai the principal tisks weie related ii)anual accoiintii)g journals.
Aiidit l)IDcediires pei'foi'iiicd by tlic ¢ng&geineni team includeil..
Inspe¢iing coriespoi)denc¢ witl) i'¢giilaiors And tax AiiIIIoTlties',
Disciissioiis with Iiiai)agement incliidinL7 coTrsider&lion of kiiown oi. siispecled inslaiices of non-coinpliance witli
laws ai)d le￿ilatIOn Jiid fi711d,.
EvalLiaiing Inaiiageinont's conli'ols dc&igned to pi'evenl EItLd detect iiYebyii141rilies'
Identifying and tesiiiig joiijnals, iii parliculai. jOUTnal entries po&led willi Uillisiial acLoiint Cotnbinalions, postingb
by iiniisiial iisers oi. witli unusual descriptiuns. and
Cl)allengiiig assiimptions dtid jiidgeineiils niade by ll)anagen)enl in Iheii- ci-itical accoiintinLTr cstiii)aie
-20-

INDE4PCI NDlliNT AUDITOR'S RiLIPOIIT TO T14£ TRUSTEES OF THE ASS()CIATION OFJEWISH
REf4 UGLES {AJRI
A fvriher description of our r¢sponsibilit%es foi. tlic aiidit of Ilic financial slMteii)cnts is IoLdted oil thc Financial Repoiling
Coiincil's wcbsitc al.. www.frc.OLg.iiklaiid%toi'si'espon.%ibiliiics. Tliis description forins pji'l of our auditoi's i-cport.
B¢¢aiisc of tlie inherent limitationg of An aiidil, Ihffl'e is a risk tli&i we will not deiecl all iri.e￿i]di.itjes. including tliose
l¢ailing lo a niateiial iiiisstaten)enl in tl)c fjnaiicial slateii)ents or non-coinpliaiJce with re￿1[allOi). I'liis i'isk ii)cieJses tlie
Inoi'c Ilial ¢otiiplianee witlj %L law or TCg7iilalion ig reiiioved fi'oni tlie events aiid cransactions reflected in (lie financial
$1£llcincnls. as w¢ will be IESS likely to becomc awllre of instAnces of not)-eoimplEaiice. Tlie I'isk is alstr kii'eater iEgarding
ii'rcgiilarilics o¢¢iiri'tng due to fiaiid i?tl)er Ilitin ci'roi.. as fraud involves inieniional eoiicealmeni, foi'gery. collusion,
oiiiission oi. Inisi'cpresentation.
Use of our rei)ort
'rhis report 15 Inade bolely lo ili¢ charitabl¢ Loinijany's Mcl￿b￿r$, lis <1 body, in aLcoilunc¢ with Clixptci. 3 of Parl 16 of ihe
Coinpanies Act 2006. oiii. Aiidii woi'k been undci'lakcn so Iliat wc )iiiLylil .%tatc to tlic cl)ai'(tablc coiiipany's menibeiE
tliose Inaltcl's WC <llC I'eqiiired to stale to Iheiii in an Aii(litor'b rci)or( and for no oihcr piiipose. To the lullegt extent pem)iited
by law, we do ntst actcpl oi. assume responsibility to dnyonc otl)cr Ihaii thc ehaiitable eonipany And th¢ ehg*i'iiable coinpany's
Inejnbers, as (I bDdy. for our aiidit work, for tliis I'cport, or for tli¢ opinions wc havc fonii¢d.
Adaiii Fla15cy Isciiioi Sialiiiory Auditoi'l
For And on belialf of Haysiiiaciiiiyi'e LLP, Stattiloi'y Aiiditors
10 Qiieeti Sii'eet Place
Londo
EC4R IAG
31July2024

THE ASSOCIATION OP JEIWISH IIEIIUGEI ES (AJII)
STATEMEN'I, OF fiINANCIAL ACTIVITILS
FOR THE YLAR ENDEID 31 DL1C￿MBBR2o23
2023
Total
nds
2022
Unre$tritted
R¢$trieted
Funds
Funds
Note5
Income fi'oin..
Don(Ilions and legacies
1.418,IS8
1.966.227
Chaiilable activitics..
G14llts for welft)Ic work
Soci&Trl aiJd welfaie aciivities
Otlicr grant inconic
14
6,454,74S
6.454,748
8,652
18.023
5.992,311
11,a42
8,652
18,(123
SiibsGI'iPtions
Investmeiits
45,611
511,524
45,611
511,524
42,617
497,684
Total
2,001,978
6,454,748
8,4S6,726
8,509.90
i.xpeiiditui.e on:
Raising fiinds
62,242
62,242
65.696
Cliai'itable aotivities..
Social gind welfai'e &ctivities
Ediicational activities
3,496,046
586.362
5.681.903
9,177,949
586.362
8.413,961
525,315
Sub total
4,144.650
5.681.903
9.X26.553
9,004,972
Claiins Conferenee overliead contribijtion
1772,8451
772,845
Tot%LI
3,371,805
6,454,748
9,82C).553
9,004,972
Nct cxptiidiliii'e beforc gains I losses on
inv¢slinenls
{1,369,8271
11,369.827}
1495,0711
Nel &iains I Ilossesl on invesin)e*ts
{206.406)
(206,406)
12,256,325)
Ncl expenditure ind net move1￿ent In
I'unds
11,576,233)
11.576,233)
(2,751,396)
RECONCILIA'flON OF fuNDS
FUND BALANCF.S BROUGHI.
FORWAIID
20,947,454
20,947,454
23,698,850
FUND IJAI.ANCES CARRIF.D
roRWARD
19,171,221
19,371,221
20,947,454
All g&iiis and losses recognised in tlie year are incliided in tli¢ Siatemeiit of Finiiiicial Activities,
All Irar*sa¢lions are derived fix>m contlllLting aetivities.
Tlie notes on PiibTeS 26 36 foriii part of Ilicsc fii)ttncial stateii)ents,
22-

THEI ASSOCIATION OFJEWJSH RCI fiUGEES {AJR)
STAI'EMEINT or riINANCIAL ACTIVITIEIS
FOlITEl￿ YEIAR ENDEID 31 DC4 CEIMBER 2023
Comp&rative, for the year enilt(1 31
December 2022
2022
Unre%ti'ietcd Restrieteil
riunds
Totsl
Fiinds
Notes
Income from:
Donation5 and legia¢ECS
1,966,227
1,966,227
Chai-itable activities..
Grants lor welf<irc work
SociAI and welfail ¢tclivilies
5.992,331
5,992 J31
11,042
11,042
Stibscriplions
42,617
42,617
InveslLnen15
497,684
497,684
TotAI
2,517,570
5,992.331
8,5()9,901
I xi)enditui'e on:
Raising funds
65,696
C)5.696
Charitablec i CtTVlties-.
Social atid welfai'e activitie5
rducatEonal activities
3,264.061
525.315
5,14¢),900
,413.961
525,315
Sub totnl
3,855,072
5,149,900
9,004,972
Claims Collfei'ence oveTliead conli'ibiitio
(842.4311
842,431
3,012,641
5,992,131
9,004,972
Nct ¢xpcndiliir¢ befoie gains on
invcslinents
1495,0711
1495,0711
Nct Ljains I (losses} 01) *iivestmeiits
12,256,325)
12,256,325)
Net expenditui'e and net Iiiovement i
funds
(2,751,396)
12,751.3961
RECONCILIATION OJI FUNDS
FUND IIALANCCI S IIROUGHT
JPORWARD
23.698,850
23,698,85f)
TrUND BALANCES CARRIED
FORWARD
20,947,454
20,947,454
23-

THL ASSOCIATION OF JEWISII REifiUGElIS (AJR)
IIALANCE SHCI E'r
AT 31 DECEMBEII 2023
Conipany Number: 08220991
2023
21)22
Notes
IXED ASSEITS
I'angible asseig
Invessinenrs
58,170
16.04C),957
22,n95
16,286,199
16,lQ5,127
16.36R,294
CURRENT ASSEITS
Debtors.. duc witl)in (Jiie yeaT
Dcl)tOL3'. duc dft¢r oli¢ y¢ai'
Cash tkt bank and it] l)and
10
10
4.184,677
27.120
1.820,244
3,274,06()
26,879
3,225,736
6.032,041
6,526,675
CUIIIICI NT LIABILITI ES:
Cr¢dittsr¥'. amoiinls diie wiil)in un¢ y¢ar
12,765,947)
11,947,515)
NKT CURRKNT ASSETS
3,266,094
4,579,160
NL'I. ASSLTS
19,371,221
20,947,454
ruNI)S
Uiireslricled
14
19.371.221
20.947,454
Restricted
14
19.371,221
20,947,454
Approvcd and aiitlioi'is¢d for issii¢ by tl)c Ti'iisl¢es on
èind sign¢d on thcii. bcliulf by.,
2Q24
M Kdrp OBE
Cl)aii-Inan
Tlie notes on pages 26- 36 foi'iii ptiit of these fiiiancial stateineiifs.
24

THC ASSOCIATION ofi JEWISH RLTrUGLIES IAJR)
CASH fiLOW STATEIMENT
OR THC YEAR ENDED 31 DE4 CLI MBEII 2023
2023
2022
Caslj flows from JperAting nctivitlts..
Net eiish (iise(I In) operAtiiix activitics (see
beltsiv)
11,940.1051
12,999,105)
Cash fltsws I'rom ithvesting ietlvltles
Dividciids and inlei'est froim investinenis. rental
ii)coine an(1 oilier invesiinent iiicome
Piircli&se of properly, plant and eqiiipinelll
Procccds fitsiii 4alc ofii)v¢slrtienls
Pili'cliTr￿ sc of iHvtstinentg
Moveimenl in cash awaitiiibF invesimet)r
511,524
{9,746)
12.355,794
(13,719.797)
1,396.838
497,685
110.313}
7,223,607
14,165.852)
Net cash provided by rnvesting nctivitie$
534,613
2,433,046
Chllnge in cash and eaili equivaleiits in tht yeai.
11,405,492)
{566.0591
Cash d2iid casl) equivAlent$ at the beginning of
the yeAr
3,225,736
3.791,795
Cash cusli equivAlents at end of the year
1,820,244
3,225,736
2023
2022
Net Cxpendliui'e f(Ir thL yefti.
{per Statement of fiiniiiicial Activities)
11,576,233)
{2,751,3961
Adjustinoiits lor..
Depieoiatioii
DisposMI of taiigible fixed assets
Lossos1(G¥tinsl on inveslinenis
DivTdcnds and inieresi
Ilncrefi5cydccrck)sc in debiors
Inci'easelldcLichsel in ci'¢ditors
33,133
538
206,406
33,243
32
2,256,125
(497,6851
(2,236,139)
196,515
(910,8571
818,432
Net tgsli used In operatlllE Aetivities
(1,940,105)
12,999,105)
AJLalysis of tHsli and eftsh efjulv#lcnts
2023
2022
Cash ill l)and
Notice dcposits {Ics's tlian 3 Inoi)Ihs)
820,244
I,o()o,00
2.225.736
I.ooD.000
1,820,244
3.225.736
'I'he notes 01) pagT¢s 26-36 Fol￿ part of these fiiiill Jcjcil ¥lateiiitnts.
25-

THE AS8()CIATION OFJEWISII FUGEÉ IIS (AJR)
NOTES TO THE ACCOUNTS
FIOR THE YEI AR LINDVD 31 DECEMBEI R 2U23
ACCOUNTING POLICIES
The principal ￿¢¢￿lint1[)B policies adopted, jiidgenieiits. and key soiirces of estiii)ation and iiiJccrtaiftry in the preparation
of tlic financial stateiii¢nt% arc As follow5.'
Ilasi5 of iireparatio
'riie fingncial staleinelltg. l)avc been PiEpared in accordance witli Accoiiiitii)&y and Reporting by Cliaritie5.' Sialemenl of
kecointtiendcd Prdelicc wppliLable to cljai'itses pr¢i)¢ll'iiigtr tlieii. accoiintg. in accoidaiice witli Ilie Financial Reportin
Standards ¥ipplicable in the UK &ii)d Rcpublic of lirland IFRS 1021- Cliariiies. SORP (FIIS 1021, s¢cond cdEtion- Octobei.
2019, and the Complliiies Act 20QI6.
-rhe TrLisiecs havc as5C5sed tlie cliaritable conipany's I'eqiiiveinents foi. tli¢ ncai. future aiid ai'¢ confident tlial sufficicnt
fiinds will bc availablc to en￿￿b]e opeTattons io continiie (lt a susiainAble Icv¢l for pcriod of ril least 12 Inonil)s frojii ilie
date of aPPL'OVtil of tliese financial statein¢tils. The cli£iritable eoiiipally tllcretore coiilinEies to adopt tlie goi21g CQDC¢
basis in preparing its finmiicial statetntnts. 'fhe I nisl¢es consider Iliere ale iio mÉilerial iiiicei'lainlics aboiil tlie cliarilable
coinpany's Abilily to continiLC as a going cohcern. Tl)¢ fiiiafjcial slaleinents do not include tlie adjiisttllEnts IliAt woiild
le￿ilt if Ilie chai'itnblc coinpany were unabl¢ to ¢onliniie as ¥L goii)g ¢oiic¢rn. 'fhe 2024 budxet fj'om Ihc Cluims
ConfercncL lias bcen coi)firi)ied aiid casli flows pJ'odu¢ed lo tlie end ()12025.
Piiblle bL¥rttfit Èntity
-rhe Associaiioii of Jewish Rcliigces IAJIiI Ineets tlJ¢ definition oL'tt piiblLL bcDefit entity uiidcr FRS 102.
Legal $tAtu$
The A&sociatEoii of Jewigli Refiig¢¢s {AJRI Is <1 Lon)paiiy liiniled by giiiJr*intee wiiliout &liare capital. Ii) tli¢ cvenl ol. the
c1)mr￿table COlllP4TrAy beiiig woiiiid 111), Ilic liability iii J'¢&ptrLI gy112ii.diiitte ib liIniled 10 £1 per inenibej. of ilic ¢liaritAble
COJIIP£llly.
Critithl aecouiitRng judgements e$tim#tes
Ill prcparing tliese fin<2ncial Siiilcmcnls, tlie frElStecs li&ve made jiidLJciiienis. esliint)Ics aiid assutnplioiis tlial affect tlie
i)pliLatioii of tlie cliaritablL COI))Pally'.4 accoiinlinb policies an(1 Il)c r¢i)orled assers., litibilities, incoin¢, and exi)endElllI'e
nd thc di8closui'¢q Inadc ii) tlic fin1£ nciic I $1<ileiiicnls. Esliniat¢& aiid jLidgyeinenis aic continu£illy evalii&lLd tire baged
on hisloi-ical ¢xp¢i'i¢ncc aiid oilicr factors, inclii(ling expectations of fiitiiie evenrs Ilial tii'c believed lo bc rea5Dnable
IindeT tlie cii'cuinstances. TlJe 11)nin Li'itical dc¢oiintiiig jiidgenient èind estiinate Ilie cliai'ity lias, ts the ieco&Inilton of
legaci¢s intyoiiie.
liicome
All incoining resouiLes arc iiicliided iri tlie Slatei)ient of Fiiiai)cial Activities wliLlI the cli&rilabl¢ ¢onipl¢ ny ha5
cntitleinenl to inc(Iine. it is i)¥obable tliat tlje incojiie will b¢ r¢ccived, ai)d Ilie aiknoiint of inconie T¢c¢ivablc can be
Ineasiii'ed reliably.
Donations are xccoiintcd for iii the yeaT in wliicli Iliey are received.
Legacies aie i'ecognised wli¢n Ilie critei.ia of eiiliileni¢nt and probabil*ly #ic met, and ihe l¢gaLy can
be qil£intified witl) i'ea&oiiabl¢ aLcLllJCy. In deteJTr)ii1Ènb￿ tlie mliiinis rcooLJnised at Ilie balance slieet
date, tlie Iiiiglees liavc Irgard lo acliial ieceipts subscqiicnt to tlie balaiiLe slieet date togeili¢i' willi any
oiliei. Evidence supi)ortii)g It¢og¥nition.
Graiits ttre iecoLJniscd in fiill in tlie stateinenl of financial activilies in tlie year in wl)ich tlie cliai'itable
comi)any l)Ms cntitlenient to Ilie incoime, and wlien Ilie an)oiiIil of iiilonie i'eceivable ean be Tnefisiii.
i'eliably and t]iei'e is pi'obability of i'eceipl.
Income duc froni legacies siibjeBt lo life tenancies is consideird L)ii the teiinination of tliose life
tenanciL¥.
Iiivestinenl incoine is iEcognised 011 u J'eceivable basis &nd wlien the ainounts can be nieasuic
reliably. Dividends are I'¢cog)nised oncc tlie divsdend li*is been declared atld notifjeation lias bcen
i'o¢¢ivcd that Ilie dividend is di1¢.
26-

TIIE ASSOCIATION OFJLWISH RLFUGEIEIS (AJR)
IYOTES TO THE ACCOUN'I'S (¢ontinued)
t{)R TIIE YII All ENDD:D 31 DEI CEMIILI R 2023
ACCOUNTING POLICIES (contlnued)
I xpenditui'#
Lsiibilities. including iii'ccovei?ble VAT, 81'c I'ecogni.scd expendiiiiiE as soon ¢15 t]Ici'c is a legal oi. eonst¥uctive
obligation coniiiiitliDLy the eliaritablc LoiTripany lo tl)al ¢xi?cnditllTe and it is probable tliat sctil¢ii)enl ivill be ieqllired.
alid the &iiioiinl of obligatinn can be 11)cagiired iyliably.
Rai&ing funds CL)inprises 11)e costs associaicd willi LFcneiating voliinlaTy Iticoti)e and tlie ii)vestinent maiiageinehi
fccs.
Cl)aritable expendittire includes all direct expendittirc, includinu staff costs wliicl) arc dii'ecily g2tti'ibiilable itr
activities, as well Ils grant expenditiire. Suppoi'l costs, wliich ii)Llii(le kFuvci-Jiaii¢e costs, are apportioned 10 cliai'iiable
activitieg OJJ the basis or tijiie allocAtion of staff plrfoi'ming siipport fLillLtions. A siijxiiiaiy of suppoj'l COSIS is
provid¢d in i)ote 6.
Siippoi'tco$lS lirtve been allocated betweEn goveinance costs and oth¢T siipporl costs. Govenia#c¢ activities cojnprige
organisational adininistl-<ilioii cojnplilincc with conslittitional at)d staliilory reqiiireiiicnts.. Cogls incliide dii'cci
costs uf exiei'nal k)udil and pi'ofessional advice ii)cludinB IcgtLI fees.
Grants payable are cl)drged to Ilie Statcineiii of Pinancial Aclivitics in Ilie yeai- in whTcli the offeis of siicli LTrT*inls a]t
made.
Employee benefJt5
Short term benefits
Shtsi'l ieiin benefits ineliiding lioliday pay &re recogniscd as an expense in thc p¢i'iod ii) wliicl) thc seTvice is
rcccivcd.
Emplayee tei'min&tion benefits
Tei'inination b¢n¢fils are accoiinl¢d for oli aLLI-uals basis and iii line with FRS 102.
Pension sche]￿¢
The AJll opcraicg a defined coniribution pcn%ion scheme loi. the benefil of ils eini)loy¢es. Tlic assels of tlie
sclieinc arc lield *ndei)cndently ti'om tlinsc of the cliarslable Lon)Iiany in an adiiiinistcr¢d ftiiid. I'he pensioii
costs cliarg¢d ii) tlie finaiieial srk)teiY]¢iils i'¢present tlie coiili'Tbiititsns Piiyable diii'ing tlic ycai..
ioroign eurrtllcy tr￿lIs1￿tion
Tlic cl)aiilable coii)i)any's I￿nCtiOn1)I and piesentation eurirney is pounds sterlinLy. Monelaiy assets and liabilities
denoiiiiiiute(l in foieign cuireiicies arc Ir*iiElated into sterlEiig at Ihe L'ates of ¢x¢liaJig¢ i'Liling ￿lt Ilic btil(tnce slieet
d&te. Tr2)nsaccions in forcign ¢iiirenLics arc rccni'dcd al Ilic rate rilli￿g at t]ie dale of tlic transaction. All differences
al'e J'ecogiiised in Ilie Statcu)cnt of Financial Activiti¢s.
l)perating le*ses
Opeiating lea5L rcntals are chaTbYtd lo Il)e Stalen)ent of Financial Activities on a sts'ai&ylit-line basis over the terin of
the lease.
I'angible fjxcd assets
Tangible lixed asgels are aceountecf tor ilt histoi'ic cost Icss a PTOVlSlOI) foi. depireiation. Expendittire on eqiiipin¢tit
in ¢xces5 of L300, with a iisable life of at l¢ast 4 years, 15 capitdlised as iangible tixed tissets.
Depreciation
DcprecialiDn is calciilated so as io write off the cost of tangible fixed assets as follows..
Offioe eqiiii)tnonl
Website
Leabchold iiiiprovcinenis
25Tr/ts Straiglit line
25ry/D Sti'aigylit line
Over lifc of the lease
27-

THE ASSOCIATION OF JEWISH Rfi FUGEI ES (AJRI
NOTfi S 'l'O THE ACCOUNTS (coi)tinucdl
riOR THE YEAII EINDED 31 DECEMBEII 2023
ACCOUNTING POLICIES (coiitinued)
Investmeiits
Invcglinents arc li foiTh) ot basic fiiiancial i11si¥iiinenls and are initially sl)own in tli¢ finaticial siaieit)ents al ii)ark¢l
valuc. Moveincnl.8 in the market valiics of iiivc5tii)enis are sliown as Iini'¢ali¥cJ gJain& and losses in the St¢ltcii)cJit
ofFin4n¢i421 Activities.
Profits and 10sse5 on Ilie r¢Alls￿li￿n of iiiwescments Are sliowii as realised galns and lo&scs in the Sialeineni of
Financial ALtivilies. Ilealiscd gains alid losses on inveslinet)Is retlcct th¢ differejice between sales pioceeds at)d
tlieir opening carryingT Yaliics or Ilieir piireliftse valiie It. acoiiiird siibseqiienl to tlie first day of tlic fii)&ncial year.
Unrealised gains and 105scs are calciilatcd as (lie differeiice belwe¢Ji tlic fair valiie at tlie yeai. end tlieir carrying
Vk)lue. Reuliscd and iiiirealiseo investiiicnl gaitts and losses If coil)biiied in Ilie Siateinent of FiiiiliiCi(Il Activities.
Finaneial 5nstrumentS
Tlic Cliarilable conipany only lias financial asscls Aiid financial liabilities of a kind ihai qualify as basic fini¢ ncial
inslriiineJ)ts. Basic financial insti'uiii¢nls, ÈtscIiTdinLY trade and oiliei. debtors crcditllTS. are iniliAlly recob?nis¢d
I Iranga¢lion valiic, and S'ubseqiiently i)i¢asiii'ed ilt tl)tir settlemeni valiie.
Debtor5
Pr¢pAyiiients arc valiied at tl)e amvunl prep<iid nel of any trade dis¢ount¥ dile. Aecriied inconie is valued al Ihe
¢xp¢¢led ainouiii.
Cash At bank and in hand
C'asl) at bai)k t)ii(I casl) iii l)and in¢liides casli and sliort term liiglily liquid inves(nienfS.
Ci'Lidithrs provisitsns
C'irditors aiid piDvisions aye recognised whcrc tli¢ cl)arilablt conipAiiy lias a pie4L'ni obligation IEsiiliiiigy froin a
l)r2St event that will pi'obably rcsult in the tr¢iiisfcrof fiiiids to a tliird i)￿l-(Y nd the anioiii)I diie lo settle tl)e obligation
Lati be ineasiired oi. estiinated l'oll￿bIy. Crcdit016 aiid provisions are Ji(>i'nidlly rcLts¥Ytkised ai Il)cii' sciclcincnt liillounl
after allowÈiig for any trade discounts diie.
Funds
Gen¢ral ftinds al'e iiniesli'icted funds which (IIE available foy iise at the diseirtion of ilie Ti'ustees in fiirilieraiic¢ of
tli¢ geneial objectives of tlie tyliitrilable cvini)any ai)d wliicl) Iiave nDt bcen dcgignaied for otlicr pii¥posc4.
R￿tricted fii#ds are ￿ndS wliich are to be uscd in aecardance witli specific restriciions iinposed by donors.
28-

TIIE ASSOCIATION O* JEWISH I￿rUGE￿s IAJR)
NO'TKS TO THC ACC()UNTS Icontinue(l)
IOR THE YEIAII ENDED 31 DLCI,:MBL4 Il 2023
DONATIONS AND LEGACIES
2023
2022
Donations
Lcgactes
40,628
1,377,540
185.532
1,780.695
1,418,16S
1,966,227
All doii£ltion% aiid legiaLies in ciirreiit aiid prior years weir Iinresti'icte(I,
SOCIAL AND WEI LfARE ACTIVII'ICS
2023
2022
Me&ls Whccls
L,vei)Is and outinLS
AJR Joiirnal
177
3,221
5,254
6.638
2.514
1,890
8,652
11,042
All social and welfare activity incL¥iMC ill ciii'i'ei)i and pi'ioi. ycars itnreglriclcd.
INVLiS'fMLI Nl. INCOME
2023
2022
Inlei'est receiyable
Dividends
150,634
64,816
432,868
511,524
497,684
All investinent iiicoiiie in ciii'iri)t and pi'ioi. yctti's iinre%'trieted.
29-

THE ASSOCIATION ofi JCIWISH RLFUGEIES (AJR)
NOTES-ro'i'HE ACCOUNTS l¢ontinuedl
OR'fiiE YEAR ENDED 31 DLI CCI MJlli112023
XI'CI NDITURE
Other dii'ect
Suppoi't
cthsts
Direet staff
Grants
21J23
Sooial alld welfare
Day C¢nliE
Mcals Oll Wlieels
Oiilicacli groiips
AJR Joiiitial
1,069,225
6,480,838
595.822
8.188
285
86.331
89.857
634,569
4,846
8,95
30,417
20,915
8,780,4
13.034
26,497
247,192
110.772
17,262
130,444
Beneficinry servite5
,216,931
6,480,838
780.483
699,697
9,177.949
200,136
300,372
66.321
19,533
586,362
Cost ofrAising fiinds
54,971
7,271
62,242
1,417,067
6.7¥1.210
901.775
726,501
9,826,553
COMp￿r￿*lY¢
Other direct
Suppoi't
eosts
Dii'ECt 5t#fl
C¥r#nts
2022
Social &nd w¢lf&re
l)ay Centre
Meals on Wheels
Oiitreacl) giDLIPS
AJR Joiirttal
1,027,374
5.894.947
591,045
14.825
559,098
3,565
7,434
22,935
14,894
8.072,464
25,535
109,S26
43,070
178,795
101,243
46,034
86,349
BeneficSary scrvieL¥s
1,162,735
5,894,947
748,354
607,926
8,413,962
i <lucatloii>)l aetlvlties
l A5,392
277,163
45,330
17,429
525,314
Cost of i-aising I'unds
60,168
5.528
65,696
1,348,127
6,172,110
853.852
630,883
9,004,972
Welfarc ciclivitics iiicliide diTect payinentg 10 beiieficiaries [ti￿OlintIng to £6,444,63812022.. £5,858.7471 and
a gy1.￿lIt of £3C),200 {2022= £36,200) to Bel&ite Sqiltire Synugogiie 10 stlPPOTt its social woi'k pi'ograinii)e
direcled at l-TolobilLl%I Slll'vivois and rcfubyces.
ii'cLI costs on educational activitieb 01 £300.372 12022,. £277,163) incliide g¥fints as explained in the
Trustees, Report.
Siipport Losls include fees of £17,367 +VAT payable lo Ilie audito1% for Ilie siatliiory aLidit {2022'. £15.350 +
VATI.
3U-

TIIE ASSOCIATION 01," JLWISH REfuGEbS {AJR)
NOTES TO THE ACCOUNTS (contlnueil)
FOII THE YC4 All Ei Nl)Tr'1) 3 1 DfCkMIIER 2023
EXPLI ￿DI.1'u1IL IContÉThued)
ANALYSIS 01,. GIIAN'I'S
Gr4?nts t
inslitution$
Cvrfint8 to
indivRdui15
2023
Welfare i)i'ogi'aIi)In¢s
Ediic£ltional ¢%Ctivities
36,2C)O
300.372
6,444,638
6.480.838
300.372
336,572
6,444,638
6.781.210
Compai'ative
Grants to
Institutions
Gt'AElts to
individuals
2022
Welfare progviJinines
Cdii¢atiottal activities
36,200
277,163
5,858,747
5,894.947
277.163
313,36.1
5,858,747
6,172.110
Fiirilier inforination on giants to inslittslions is sot out in tlic Triistee reporl (pak>e 15). In 2023 Iliei'e were 288 I'ecipients of
individiial grai)ts12022.. 3061,
SUPPOll'f COSTS
eals
on
WheL.15
Cthst of
Soeial &
Welf&i'e
Day
Ctnti'e
Out-
reach
AJll
JouJ'nAI Edut#tion
I'unds
2023
Preii)ises
45.076
223
2.499
967
2,753
1911
51,716
Offi¢¢
adminislraiio
Coiiimiinicaiions
452.516
2.747
4,527
16,329
9.342
9.935
4,174
499,570
&PR
GovcrnRTIC¢
102.610
34.368
2.080
19
4,160 11,093
40
496
10.400
206
5.546
1,298
2,773
126
13R,()62
36,553
I'otal
634.570
4,846
8.950 3Q.417
20.915
19,532
7.271
726,501
Meals
Cost of
r&i8ing
fun(l$
Compar&tive
Social &
WeIf21'e
Day
Ceiitre
Out-
rench
AJR
JoiirnAI Edu¢atlon
Whee15
2022
Pi'en)ises
42.850
,145
2,349
967
4.493
182
51.98C)
()rric¢
administratio
CoIi)IMiinications
&PR
422.136
2.478
4.103 14,624
8,469
9.010
3,809 464.629
51,979
42,133
1.054
33
2.107
78
5.619
343
5,268
190
2,810
1,405
132
70.242
44.026
Goveriit)nct
TotAI
559.098
3.565
7.433 22,935
14,894
17,430
5,528 630.883
Siipi)ori Costs al'e allocated to cl)aritable activitics b4scd on tiiM¢ allocation of staff pei'forining siipsx)rt fiinciions.

TIIE ASSOCIATION OF JC4WISH REFUGII ES IAJR)
NOTES TO I-HE ACCOUNTS (continued)
FOR I'Hfi
YFAII ENDED 31 DECI,;MBER 2023
STAFF COSTS
2023
2022
Wages ¢lnd salarics
Social seciii'ity ¢OS'Ig
Pension cost5
1.801,460
173.051
155.226
1.720,003
183,899
139.683
2.129,717
2,043,585
AveiiigL niin)ber of persons employed during tlie
year was
50
50
2023
2022
Tlie iiLiiiibEr of einployecg wliose eiiioluincnts in Ilie ye￿. exceeded £60,000 were-.
£60.000- £69.999
£70,OtK) - £80,000
£80,0(K)- £89.999
£90,D(K) - £99,999
£14n,(K)0- £149,999
£I50,(￿O-£169,999
Ilension conlribiitiong paid on belitilf of tl)cse einployees atnoiintcd lo £42,30012022.. £27,482).
The (¥ggregate r¢iniiiieration, iThcliEdinL pension ¢onÉi'ibiitions aiid ¥oLiJl s'ecurity costs, of the key personnel was £4E2.14S
12022.. £400.304).
I'he Trustccs rcceived rTro e￿101￿171entS and £l.185 of ieiinbiirscd expLiises (2ts22'. nill.
TANGIBLE filXF,D ASSCITS
Len5ehDld
property
Website
()riice
e4iiipmLnt
Total
Cost or vnluation
At l Januaiy 2023
Additions
Disposals
100,805
21,670
95,207
9,746
18341
217,682
9,746
1834)
At 31 Deceinber 2023
ItK),805
21,670
104,119
226,594
Dcpi'eci&¢ion
At l January 2021
Cliai'g¢ foi. tlie year
Dispo%xls
62,626
10,oRI
21,328
342
51,633
22,710
1296)
5 35,587
33,133
1296}
At 31 I)e¢einb£i' 2023
72.707
21,670
74,047
168,424
Net book value
At 31 Deceinbei. 2023
28,Q98
3tJ,072
58,170
At 31 Decen)bei' 2022
38.178
342
43,575
82,095
32-

"rH£ ASSOCIATION ofi JEI WISH REfuGEES {AJR)
NOTES I'o'fHC ACCOUNTS leontinued)
OR THE YCIAR ENDF.D 31 DLCEI MBEII 2023
",IXED ASSEIT INVEI SI'MLINTS
2023
2022
Quoleil investments
Mai'kei valuc at l Januaiy 2023
Additions
Disposals
Investin¢nt gaiiisl{lossesl
14,680.554
9,994,633
13,719,797
4,165,852
112,355,794) (7,223,607)
1206,406}
12,25().3251
14,680,553
1,605,646
C&sh lield Ivllh investment mHnRgers
208,806
Market value at 31 December 2023
16,046,957
16,286,199
Hisloric¢il cost at J l Deccinber 2023
13,894,073
13,945,242
10. DEB'TOIIS
2023
2022
Balances wltljln onc year
Pr#payi￿1¥￿IS
Accriied legacies
Accriied itsCOJllE
Oihei. debtois
310,340
1,818,600
2,050,183
5,554
51,751
1,177,998
2,042,307
2,004
4,184,677
3,274,060
Ilalfiiice$ diie In niiire thThn oiie year
Clidrildlil¢ loatis {see below)
27,120
26,879
4,211,797
3,300,939
Cliarit&ble104iis
In liiniled circiiinsliE lices, the cl)arilable coinpany advance5 siinis to iieedy individuals, inteyest free, Isubjecl lo a forinal
¢ll￿rg¢ iii i'elalion its larger loans) willi rcpayin¢t)t on ternis agrc¢d iii writiiig aiid appi'ov¢d in advAiicc in ClL cli ¢asc by
th¢'l'riisices.
33

TIIE ASSOCIATION OTr JLWISII REifuGEEIS (AJR)
NOI'EI S TO THE ACCOUN'fs (eontinucd)
riOR THE YEAII FNDED 31 DECEMBER 2023
11. CREIDITORS
2023
2022
Amounts lalling due within one yeill.
Reneficiic ry gi?ttls
AccTLlcil%
Otl)er laxcs dnd social s¢Liii'ily
Grants payable to institiilions
Deferred income {see bclowl
2,328,051
95,800
46,877
271,115
24,084
1,523,232
125,259
46,794
228,146
24,084
2,765,947
,947,515
Def¢ri'Ed incoine relate5 lo siibsoripiion incoiiie and granl incoine ieceived iii &(Iv&iiicc. Tl)e aii)oiints defcri'ed each yeai.
8Te released to tlie Siateinent of Fii)antial Activities in tl)e followii)g year.
Illl LA'fED PARTY TIIANSAcfioNS
Mr M NewJiiat] OBL ES a Directoi of tl)e Coiifcrence i)n Jcwish Mcllcrial Cl#EIMs ALFkiin&l (ierindny Inc. wliicli grante(I
£6,454,748 (2022.. £5.992,331 J to tlie cl)ai'itable coinpany for pl￿vId￿ng siEpport iii gi'aiits lo ils nienibers and as
contribiition to tlie funding of its welfai'e Activities.
Mr FA Hai-diTig 15 41 TrLlStce. Mr A Spii'o is tlit Pregideiit and Mi. AC Kaiifiiiai) is a i))enibei' of tlie endowinent tl'LlSt of
tlie Wien¢r Holo¢aiist l.ibiary, wl)icli Teccived & kir#iii of £75.0110 whicli way aLITCC(l in 2Q23 kind treated a5 exI)endilLire
in tliis yecl1-'s d¢cuiinl8.
Mr M Kayp OBE is a TrLlStee of HolocaLlSt Ediic£ltioll Tft1￿t. wliicli wa5 ￿w￿l.ded a tjiirc-year Erant woiili £60.726
wlis¢li wab 11UiI'¢cd in 2022 and treated as cxpendsttlrc last year's accoiiiits.
Mr. J Sirauss, the Iiusband of MTS P Sti'auss, 15 a Inembci. of Ilie Board uf Bclsize Square Syn&EOEIEe, wliicli lias becn.
gianled £36,20f) {2()22.. £36.20UI towards tlie cost ot its social Work.
13. OPCIllATING LLIASI COMMITMCINTS
The charitable Co￿1paI1Y's fiiknii-c Ininiiiiiim opeiating lease paymenis air As follows-,
Bii51dinES
2023
Other
2023
Buildiiigs
Otliei.
2022
2022
Within one yeai.
Bctween two to five yeais
Over five years
105.752
146.756
1,902
7,607
1,585
l U2,672
252,508
1.334
2.335
252.508
1.094
355,180
3.669
34-

TIIE ASSOCIATION OF JEI WISH REFUGLES (AJII)
NO'rLs i'o'rHE ACCOUNTS {eontinutd)
riOR THE YEAR ENDEI D 31 DECEMBEI Il 2023
14 s'fATCI MCI N'T OF JfuNDS
Bnlance
l Januskry
Bal%nee
31 DeeÈmber
Incoime
i xi)enditure
cain.￿10$$eS
on
iiivestmtnts
2023
2023
Uiiiesiricle(lJiiiids
General fiinds
20,947,454
2,001,978
11,371.805)
(206.40C)I
19,371.221 *
ReslJ'icleilfiiiid&
Claiins Cohfercn¢c
URO
6,454,748
16,454,748)
6,454,748
16,454,748)
Comparatlve
Balanee
31 Dcccmbei.
l JfiJJu&ry
Ineome
Expti)diture
Ga1￿￿[0$$eS
tbn
investments
2022
2022
u11r￿trICId¢l1￿I1¥dS
Gellerl¢ I funds
23.698,850
2.517.570
13.012.641)
(2,256,325)
2Q,947,454 *
Res1i'iLt*cl liiiirf
Claims Confci'ciice
uiio
5.992.331
15,)L 92.3311
5,992,331
15,992,331)
In¢liided witl)in geiieral ftinds are revaluatioii of reserves of £2.2in12n23) and £2.3m {20221 froin hi$loi'i¢al markct valiie
Ilesti'iciert fuThds
CluiJii.s Coii[eFeF7ce
the chai'iiable eoiiiptiiiy i'eeeived oi- Irc*is ds ILceivable grants fi'oin Jnd Iliroiigl) tl)e Clcli2115
Coiiference during￿ the yeai. ui))oiintinLy lo £6,454,748. Tl)is repiEsei)Is a source of gTant iiicoinc wliscli was disti'ibaited
in accordance iviih tlie ieriiis ol. tlie girt)nts 10 qiialifying needy individLi&ls foi spccific sociJl pi'ojects Iliat are in line
with the atttivitics of Ihe charitable coiiipllny. 'fiiey hlso ass'ibl witli the welfaie progTraiiiiiies nin by Il)e cliaritablc
coinpany directed towards qiialifyingv bcn¢ficiaiios and to eonlribiile to Ihe cosis of iiinniTig Iliose prDLyraniines.
URO - Ilie cl)ai'iiable eompany Yteeived or Ireai% ks receivable grants from URO diiring tlie year to distribute to
qiialifying necdy individiiiL Ib lo Inc¢t necds oiitsidc of tlie SLope of Claiiiis Conference gr&iitg, aiid its support for
specific social prDjecis of tl)e cli&ritable coinpdny.
35-

'I'IIL ASSOCIATI()N OF JEI WISH REFUGLI BS (AJII)
NOTE4 S'I'O'I'HE ACCOUNTS (continued)
40R THEI Y[1 All ENDED JI DECEMIIFII 2023
15. ANALY,gis OF NET ASSLTS
BIITWEI Ci N FUNDS
Unrestrlcteil
lunds
Ilestricttd
ftsnds
Total funds
2023
ngible fixed assets
Investmcnts
58.170
16,046.957
6,J32.041
12.765,947)
58,170
16,046,957
C),032,041
12,765,947)
CLirret)t k)ssels
Total liabilitics
Total Tiet assets
19,371,221
19,371,221
Con)pai'14 tive
Unrestrieted
fiinds
Resti'icted
fiinds
'I'otnl funds
2022
'1'a￿gIble fixed llssets
liivesttnents
82,095
16.286,199
6,526,675
(1.947,515)
82,095
16,286,199
6,526,675
{1,947,5151
Ciirrent assets
Toldl liabililies
Total i)el assets
20.947.454
20.947.454
16.
PENSION SCHEMI,.
1'h¢ ¢hai'itabl¢ company coiitrÈbiites to tlie PEI'sonal pension ￿ChemieS of the eniployces. Conli'ibiitlolls P42yablc aic
cliai'gcd lo Ili¢ Slaleiiient of Financial Activities. 'I'lie total cost of pensÉoi)s siiciirred by (lie cliarilablc coini)iiiiy was
£155,226 {2022.. £139,683). No aii)oiints were oiitslanding lo b¢ at th¢ yCLir-end12n22'. ntl).
36-

THE ASSOCIATION OF JEWASII RLI FUGE4 ES (AJR)
ACKNOWLCI DGEMEINT
The Trustee5 would like to acknowlcdge tliat..
Social scrviocs for N￿7.1 victims liav¢ bcen siipporled by a gi'ant frtkiii tlie Conf¢rLnLc on Jewish Mat¢i'ial Claijns
Agciinst Gerinany Inc.
I v Claiiiis C.oiifei"ciicL
niy>ini ni)y)
37-