## **Jewish Futures Trust Limited** (Limited by guarantee) Company number 07884678 Charity number 1151066 Trustees' Report And Financial Statements For the year ended 31 December 2024 ## **J ewish Futures Trust Limited** |Contents|Page| |---|---| |LegaI and administrative inf onnation|1| |Trustees' report|2-6| |Independent Auditor' s report|7-9| |Statement of financial activities|10| |Balance sheets|11 -12| |Cash flow Statement|13| |Notes to the financial statements|14 - 26| Page 1 ## **J ewish Futures Trust Limited** ## **Legal and administrative information** ## **Directors** / **Trustees** J Benaחoch D Hammelburger KHarris E Lee E Misrahi D Morris N Schiff D Sobel S Zneimer Appointed 18 December 2023 ## **Chief Executive Officer** N Schiff ## **Principal Address and Registered Office** 3 79 Hendon Way London NW4 3LP ## **Details of Incorporation** The company was incorporated on 16 December 2011 in England and Wales under company registration number 07884678, and was registered with the Charity Commission on 4 March 2013, govemed by its memorandum and articles of association, charity number 1151066. ## **Auditors** Goldwins Limited Chartered Accountants 75 Maygrove Road London NW6 2EG ## **Bankers** National Westminster Bank Plc 21 Golders Green Road London NWll 8EB Page 2 ## **Jewish Futures Trust Limited** ## Trustees יReport The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their a ual report and the financial statements of the Jewish Futures Trust Group for the year ended 31 December 2024. The trustees confmn that the annual report and financial statements of the company comply with current statutory requirements, the requirements of the company's goveming document and the provisions of the Statement of Recommended Practice **(SORP)** "Accounting and Reporting by Charities" issued in March 2015. Legal and administrative information set out on page 1 forms part of this report. ## **Structure, Governance and Finance** The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 16 December 2011. The charity's objects are set out below in the Charity's Objectives and Activities. The trustees, who are also the directors for the purpose of company law, and who served during the year are listed on page 1. None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute f, 1 in the event of a winding up. The Directors who served in the year were J Benarroch, D Hammelburger, K Harris, E Lee, E Misrahi, D Morris, N Schiff, D Sobel and S Zneimer. The Board of Trustees is responsible for the overall governance, policy and strategic direction of Jewish Futures Trust. The members of the Board of Trustees have the legal responsibility for the operations of the charity and the use of resources in accordance with the objects of the charity. The appointment and training of a new trustee is subject to the oversight of current trustees. There are no specific restrictions imposed by the goveming document conceming the way the charity can operate. Jewish Futures Trust has been a driving force in incubating and nurturing new educational initiatives and establishing and building other independent UK charities in the field of education and social action. These charities include Give It Forward Today, JRoots, Forum for Jewish Leadership, Klal-Chazon and Aish Hatorah UK. In this respect, Jewish Futures Trust aims to encourage aspirational strategic thinking for each organisation as well as achieve effective economies of scale through the sharing of both innovation, resources and best practises between all the charities. During the course of the year the Company provided central head office services to the subsidiary charities as detailed in the notes to the accounts, at cost, to enable the group to benefit from economies of scale. It encouraged group charities to use the resources of sister charities to benefit from their expertise, in furtherance of each other's' charitable objectives. Neil Schiff has helped to establish charities in USA and Israel (JFT - Jewish Futures Foundation Inc in USA and JFT Netzach in Israel), with similar public benefit objectives to develop educational, religious and cultural programmes. Jewish Futures Trust and sister charities are encouraged to undertake initiatives and activities in conjunction with these charities to mutually benefit each other. Many hundreds of volunteers are identified and deployed across all of the group charities to fulfil some educational and operational activities such as in GIFT, whose prime objective is to encourage members of the public to give up their time to help other people, and in FJL and Aish where part of their remits are to nurture youth leadership. ## **Charity's Objectives and Activities** The principal objects of the charity are exclusively to further, for the public benefit, the following charitable purposes: - The advancement of Jewish connection, education and culture; - The sharing of values that build good citizenship, social responsibility and goodness in society; - To generate and incubate new educational initiatives that will further ensure a vibrant Jewish future; - The promotion of the efficiency and effectiveness of charities and effective use of charitable resources through the facilitation of both creative and operational synergies between educational charities sharing a similar outlook and approach, thereby availing considerable overhead savings and calling for sharing of best practice; and The furtherance of such other charitable purposes that the directors may from time to time in their absolute discretion think fit. Page 3 ## **Jewish Futures Trust Limited** Trustees' Report ( continued) The primary focus of the charity at its inception was to educate young Jewish people in the UK. Over the past few years the educational remit has widened to allow for a broader spectrum of the community to benefit from the educational expertise and experience of the organisation. The core of the educational philosophy is to share with young people a sense of moral responsibility and ethical values that instil a sense of pride in Jewish heritage as well as upright citizenship in wider society. The charity goes about achieving this objective through regular educational, social and religious events across the UK, alongside numerous overseas educational programmes at key points in the year. ## **Achievements and Performance** Jewish Futures Trust is the sole member and has legal control over _5_ independent charities and companies: JRoots, Give It Forward Today, Aish Hatorah UK, Forum for Jewish Leadership and Klal-Chazon. These set of accounts consolidate the results of all these entities. The main achievements of the Charity in the year under review, include: - Continuing to develop and support its group charities, educational programming in person and "on line"; - Supporting its group charities to make effective savings on their cost bases of programming and administration to maximise the economic usage of their fundraising resources; - Providing resource optimisation alongside best governance practises, health and safety advice and financial guidance, for each charity, following ever changing government legislation and regulations; - Delivering consultancy and support for each group charity to help them design and implement successful online fundraising campaigns including Gift, Aish, and Klal-Chazon. - Developing educational projects including Eilecha (to create opportunities for spiritual growth and experiential education); Chelkeinu (to create invigorating learning progra es for women); Perspectives Magazine (the in­ house publication for the Jewish Futures Family); The Netzach Jewish Leadership Institute (to train rabbinic educators); - The continued incubation of outreach projects Ta'amim (promoting cultural and culinary programmes) and Shelanu ( engaging with Israeli citizens working in London); - Launching "The Hub" in central Hendon to create an educational and activity centre for a range of educational, social and communal programmes. - Being invited to join the Jewish Leadership Council, a reflection of the charity's far reaching impact on fostering engagements across a wide spectrum of the community. ## **Fundraising** Jewish Futures Trust group is committed to the highest standards in fundraising. At all times the Charity aims to ensure that its processes and staff are respectful, open, honest and accountable to our supporters and the public. Jewish Futures Trust is a medium sized charity that principally raises funds from 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 group also raises funds through community events and activities. Fundraising approaches made by Jewish Futures Trust are personal and targeted, focussed on those individuals and institutions who have expressed interest in its work. The Company does not engage in large scale fundraising activities like mass mailings, unsolicited telephone fundraising or door-to-door campaigns. Jewish Futures Trust has a small fundraising team. The Chief Executive and Chief Operating Officer are responsible for the day-to-day management offundraising activities. The Trustees provide oversight offundraising strategy and delivery. The Fundraising Team receive regular training and guidance and aim to adhere to methods of best practise including the Fundraising Regulator' s Code of Fundraising Practice. Under no circumstances does The Company share personal information of its supporters for the purposes of third-party marketing or processing. Page 4 ## **J ewish Futures Trust Limited** Trustees' Report ( continued) ## **Fundraising** ( continued) There have been no complaints about fundraising activities reported in the year to 31 December 2024, or subsequently. Jewish Futures Trust and its group charities have used one third party organisation, CharityExtra, to help raise funds for matched funding, targeted appeals. It has special technology and know how to run 24-hour telethon campaigns. These campaigns are targeted at the charities known database of supporters. The relationship with the organisation is monitored by the Fundraising Team. ## **Financial Review** During the year, the group successfully raised f9.019m through fundraising activities (2023: f7.869m) and, generated participant contributions for trips and events of f4.721m (2023: f5.463m). Total incoming resources for the year were f 13.748m (2023: fl3.356m) and resources expended totalled f14. l 93m (2023: f14.759m) resulting in net loss for the Group off0.445m (2023: loss fl.402m). The group finished the year with total net funds of f 1.579m (2023: f2.023m). At the year end the Group had total free reserves of fl.355m (2023: fl.807m). The group is supported by a broad spectrum of donors from across the community, ranging from grassroots student-level program participants and alumni to a broad range of philanthropists who partner with the charities in the group and help encourage their activities. Most fundraising is done through direct relationships with our partners and through effective communication of the importance of our work to the wider audience of our supporters. All of the group' s expenditure is focused on creating the wide range of successful high-quality educational courses and popular, impactful activities that deliver our stated charitable objectives. A summary of the results of the subsidiary entities for the year was as follows: ||**Total**|**Total**||**Net**| |---|---|---|---|---| ||**Incoming**
**resources**|**resources**
**expended**|**Charitable**
**expenditure**|**Surplus/**
**(Deficit)**| ||**f**|**f**|**f**|**f**| |JRoots|4,266,921|4,374,455|4,373,840|**(107,534)**| |Give It Forward Today
Klal-Chazon|3,908,825
552,815|3,892,385
559,188|3,707,684
544,154|**16,440**
**(6,373)**| |Aish Hatorah UK|3,159,317|3,226,089|3,098,271|**(66,772)**| |Forum for Jewish Leadership|728,978|754,626|749,411|**(25,648)**| Page 5 Jewish Futures Tnjst IAmited Trustees. Rq)ort (continued) Key Rl$ks and Un¢ert*fintles The tNstees have assessed the major risks to which the chatity is exposed and are satisficd that systems are in place to mitigate exposure to the rnajor risks. A reduction in donor base wuld ￿use c&qh flow issues. any delayed receipt of pledged donations income could also potentially cause cash flow issues. The majoT risks facing the charity are reviewed regulaTly at rnanag¢ment rneetings. Regular reviews of cash flow projections and budget forecasts are also undertaken, as well as a continual drive to reduce expenditure and negotiate better tenns and rates. Re5erve8 Jewish Futures Trust needs free res¢rYes to amble It to fulfd its charitable obligations and ￿n￿llMents that it enters into. The charity also rcquires reserves to ensure continuance of these obligations in th¢ cventyality of any unexpected revenue shortfall. Free Teserves are defincd by th¢ Charity Commission as unrestricted funds available to spend on the general purposes of the charity and therefore excluding those designated for particular purposes and those already utilised in purchasing tangible fixed assets. Free reserves should not bc mistaken for ¢&sh r￿ry¢S. After adjusting unrestricted funds for fvnctional fixed assets free reserves for the Conipany were in surplus by £127.943 (2023: £376,510). Jewish Futures Trust policy aspires to hold free reserves equal to not less than two months and no more than four months nonnal running Costs. approximately £200,000 to £400,(MY). The Charity's short-tem objective is to ensure that the combination of ¢ash and liquid as8¢ts is sufficient lo meet Current and anticipated obligations. Pay policy for kcy mxn*g¢ment per80nDel Pay and remuneration of key management personnel is deterniined by a variety of contnl)utory factors, including the size of the charity, the pay scales for each role and the l¢vel of experience of the staff member. In addttion to this. levels of pay may be affected by the abtlity to remlit key management personnel and retain them in pos¢ which all ¢oin¢ides with the charity's appointment and pay policies. All amendments to key management personnel's pay and remuneration is discussed and agreed by the trustees. Plans for the Futsre Th¢ m¢mb¢r organisations of Jewish Futures TTUSt were all established under the leadership of Rabbi Neil Schiff over the Course of a decade. Since 2018 the trustees have set out to empower each organisational director so that they focused on a more hands on leadership tyle. Along with the trust￿$. Rabbi Neil Schiff. along with the Management Team, have tsken on a more strategic and consultative role. ID each charity and has been able to embark on fiwther educational and nding opportunities for the Charity and member organisations. The Charity is tenant of a substantial propety in North West London and is progressing with plans toward creating a new educational and cultyral centre &$ a magnet for the inspiration and engagement of the UK Jewish and wider community and as a b&5¢ for all the Group charities. This will be a ground-breakin& step Change for the Group and will involve a large capitsl fimdraising campaign. This will be by a new committcc devoted specially for the purpose. Public Benefit The tn￿teeS acknowledge the duty in Section 17 of the Charities Act 2011 ts) have thie regard to the Charity Commission's published general and relevant Su￿se¢tOr guidance on public benefit. All activities undertakcn by thc group are for the public benefiL With a fO￿S on providing educatii)n. the organisation's operation ts very much geared to providing benefit to the Jewish and wider community as is highligbted by the activities reported herein. The core of the educational philosophy is to shar¢ with young people a sense of moral responsibility and ¢thiGal values that instil a sense of pride in Jewish beritage as well as upright citizenship in wid¢r society. This will algo continue to be central to its fvture plans. Page 6 Jewish Futures Trust Limfited TnLStees' Report (continued) Disclosure of information to Auditors Each of the directors has confirnied that tllere is no jJfforn￿t10n of which they are aware which is relevant to the audiL but of whi¢h the auditors are unaware. have furth¢T confirned that they have taken appropriat¢ steps to identify such relevant infonnation and to establish that the auditors are aware of such inforniation. Statement of Trustees. Responslbllities The Trnslees (who are a150 directors of Jewish Futures Tn￿ Limited for the PUTposes of company law) are responsible for preparing the T￿￿te¢s. Annual Report and the fin8n¢ial stalements in acLordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standanls). Company law requifts the Trustee5 to prepare financial statements for each financial year. Under company law the TnLs*es rn￿$t not approve the financial statements unkss they are satisfied that the> give a ITr￿ and fair view of the state of offaiT3 of the charitable company and the 8roup and of the incoming resou￿ and application of resources, including the income avid expenditure. of the charilable group for that period. In preFwing these financial 5tst¢ments, th¢ Tnjstees aTC required to: select suitsble accounting policies and then apply them ¢onsistently' observe the methods and priueiples ID the Charities SORP; make judgements and estimates that are reasonable and prudenL state whether applicable UK awuDtiDg standards have been follow￿ subjeci to any material departures disclosed and exp]ained in the financial statements" and prepare the financial ststements oo the going concern basis Unle￿ it 15 inappropriate to presume that the charitable company will continue Trn business. The TTUStees are responsible for keeping adequate accounting rtords thai are sufficient to show and explain the charitable company's tTansaclions. disclose with reasonable accuracy * any lime the fllw)cial positiorj of the charitable company and enable them to ensure that the financial statements comply with the Companie5 Act 2006 and the provisions of the charity's constitution. They are also responsible for safe8uardmg the a55¢ts of the Charity and the group and hence for taking re&8onabk step5 for the prevention and detection of fraud and other irregularÉties. In preparing this repo¢ the Directors have tsken advantage of the small Gompanie$ exemption provided by section 415A of the CompaniLs Act 2¢￿6. Auditor5 Goldwins Limited has expressed a willingn￿$ to be appointed auditors. A r¢sohrtioD to appoint them will be proposed at the Annual General Meeting. This report has been approved by the mJstea8 on 27 October 2025 and signed on their behalf by: E Misrahl Tru51¢e Page 7 Jewish Futures Trust IAmited Auditor's Report Independent Auditor'8 Report to the Members and T￿￿tee5 of Jewish Futures Trust Limited Oplnlon We hav¢ audited the financial s¢atemrnts of Jewish Futures Trust Limit¢d (th¢-chaTitabl¢ ￿Mpany') for the year ended 31 December 2024 which comprise the Consolidated Ststernent of Financial Activities. Consolidated Balance Shee( Company Balance SheeL Consolidated Statement of C&sh Flows and notes to the financial statements, including significant accounting polieies. The financial reporting framework that has been arn)lied in their pieparation is applicable law and United Kingdom Accounting Standards. including Financial Reportlng Standard J 02 The FiD￿CIal Reporting Standard applicable in the UK and Republic of ]reland (United Kingdom Generally Acwted Accounting Prnctice). In our opinion the financial statements: give a true and fair view of the state of the group'5 and the charitable company's affairs as at 31 De¢ember 2024 and of the group's incoming resources and application of resources, including its income and cxp¢nditure for the year then ended: have been properly prepared in accordance with Uniled Kingdom Generally Accepted A￿OUnting Practice. and have been prepared in accorthe with the requirements of the Conwies Act 2(K16 and the Charitie5 Act 2011. Basis for opinion We conducted our audit in accordance with International Standard3 on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further descnbed in the Auditor's responsibilities for the audit of the financial statements section of our reporL We are inde￿Ident of the group in accordance Wkth the ethical rquirements that are relevant to our audit of the fmanciaI statements in the UK including the FRC'S Ethical Standard, and we hav¢ fulfilled 0￿ other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion8 relating to going concern In auditing the financial ststemcnts. w¢ have concluded that the trustees, use of the going concern basis of accounting in the preparation of the fmanciai statements 18 appropriate. Based on the work we have ￿fOrniC¢ we have not identified any material uncertainties relating to events or conditions thaL individually or collectively, may cast significant doubt on the charitable companys ability to ¢ontinu¢ as a going concern for a period of at least twelve Months from when the financial statements are auth0ri5cd for issue. Our responsibilitics and the re5ponsibiliti¢s of the trnstees with reSp￿t to going concern are described in the relevant s¢ctions of this re￿rt. oiber Infonn2tlon The trustees are responsible for the other infonnation c(¥ntained within the annual Teport. The other information comprises the infomation included in the amiual reporL other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other infornwtion an4L ¢x¢ept to the extent othenvise explicitly stated in our rqx)rt. w¢ do not express any fornj of assurance conclusion thereon. Our responsibility is to read the other inforn)ation an￿ in doing so. consider whether the other infonnati(m is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstste& If we identify such material inconsistencies or apparent Mat￿la1 misstatements. we are requir¢d to d¢terminc whether this gives rise to a n￿terial rnisstatern¢nt in the financial statements themselves. If. based on the work we have perfome(L we conclude that there is a material misstatement of this other inforn)ation. we are required to Teport that fact. We have nothing to Teport in this regard. Page 8 Jewish Futures Trnst ljmfited Auditor's Report Opinions on other matters prescribed by the CompAnles Aet 2006 In our opinion based on the work Unde￿en in the course of our audit the infonnation given in the tr￿steeS. reporL which includeg the directOT5' rep)rt preparal for the purposes of company law. forthe financial year for whicb the financial statements are prepared is consistentwith the financial statements. and the direth)rs' r¢port in¢luded within th¢ trustccs, rew)rt have been prepared in accordan¢e with applicabl¢ legal requirem¢nts. Matters OD wbich we are required to report by eiceplion In light of the knowledge and understanding of the group and the charitsble company and their cnviroJ)mcnt obtained in the course of the audiL we have not identified material missL*emcnts in the directOTS' report included within the truste¢s' report. We have nothing to report in respect of the following matteT5 in ttlation to which the C4)mpanies Act 2006 requires us to report to you if. in our opinion: the par¢nt Cornpany has not kept adcquate accounting rKords" or the parent company's financial statements are not in agreement with the accounting records and returns" OT certain disclosures of trustees, remuneration specified by law are not made. or we have not reeeived all the infomation and explanations we require for our audit. or the tnL8tees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the snMII companies exemption in preparing the Trn8tee8 Amiual Rq)ort. Responsibilities of truslees As explained more fully in the trustees, responsil>ilities slatement set out on page 6. the trustees (who are also the directOT$ of the Gharitabl¢ ¢ornpany for the purposes of ¢ornpany law) are ￿spOnsible fortbe pr¢pardtion of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees detern)ine is necessary to enable the preparntion of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to continuc as a goiTJg concern. disc105ing. as applicable. matters related to going concern and using the going concern basi5 of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic ahernative but to do so. Avditor'8 respon51￿ll1tieS for the audit of the fmancial statements We have been ap￿]nted as auditor under the Companies Act 2(K)6 and rew)rt in accordance with the Act and relevant regulations made or having eff¢ct thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemen¢ whether due to fraud or em)r. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a matsrial misstatement when it exists. Misststements Can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expKted to influence the economic decisions of users tak¢n on th¢ basis of these fmancial statements. Page 9 Jewish Futsres Trust 14mited Auditor's R¢port Irregularitie4 including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregulaTities, including fraud. The extent to which our procedure5 a￿ of dd¢rting iTregularitie4 including fraud is detailed below: We obtsined an understanding of the legal and regulatory frameworks within which the chaTitable company op¢rates, focusing on those laws and regulations that have a direct effect on the deterniination of material amounts and disclogures in the financial statements. The laws and regulatioL8 we considered in this context were the Charities SORP (FRS102) 2019 and Companies Act 2006. We identified the greatest risk of matuial impact on the financial stat¢m¢nts from iTregulaTities, including fraul to be the override of controlsby management and the rxognition of income. Our audit pr￿ed￿r¢S to respond to these risks included enquiries of management about their ovrn identification and assessment of the risks of irregularities. sample testing on the posting ofjournals. $8rnple testing on income rcwgnised in the ￿ounts and reviewing accounting estimate5 for biases. Owing to the inherent limitations of an audiL ther¢ is an unavoidable risk that we may not have dete¢ted sx)me material misstat¢ments in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not Tesponsible for preventing nonvcompliance and cannot be expected to detect non- compliance with all laws and regulations. These inherent limitations are particularly sibmificant in the case of misstatwncnt resulting from fraud as this may involve sophisticated schemes designed to avoid detrtion. including deliberate failuTe to record transactions. wllusion OT the provision of intentional rnisrq)resentations. A further description of our rwonsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: wvnv.frc.or .uklauditorsres nsibilities. This descripti(￿ fonns part of our auditor's report. Use of our report This report is made sol¢ty to the charitable ￿MpanY'S members. as a body. in a￿OrdanCe with Chapter 3 of part 16 of the Companies Act 2006. and to the charitable company's trustees. as a body. Our audit WOTk has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to $t&te to them in an auditor's report and for Do otherpurpose. To the fvllest extent pemiitted by law. we do not accept or &qsume responsibility to anyone other than the charitable company, the charitsble company's members as a body and the ¢haritabl¢ company's trustees as a body, for our audit worK for this reporL or for the opinions we have forn)e41 Anthony Eptoll Senior Stalutory Auditor) for and on behalf of Goldwins Llmfited Statutory Audltor Chartered A¢coyDtantS 75 M2yErove Road West HAmp$tead London NW6 2EG 27 October 2025 Page 10 Jewish Futures Trust LAmited Consolidated Stat¢ment of Financial Activities f7ncorporating an income andarpenditure account) for the year ended 311)¢c¢rnkn 2024 Note Unrestricted Restricted Funits Funds 2024 2023 Income from: Donations and legacies 7.751,929 1,268,049 9,019,978 7,869,581 Charitable actiwtiu." Partlcipant payments 4,721.797 4,721,7YI 5,463,425 Investment income 4,729 4,729 23,124 Other income 1.621 ,621 Tot21 Income 12,480.076 1268.049 13,748,125 13,356,130 Expendltsre on: Rauingfunds.. Donor fundraising ¢osts 360.340 360,340 546,864 Charitabl¢ ￿tivitieS 12,406,981 1279,476 13,686,457 14,036,217 Charitabl¢ donations 145,844 145,844 175,757 Total expendlthre 12.913.165 1.279.476 14.192,641 14,758,838 Net in¢omel(expenditure) for the y¢*r before transfers {433.089) (11.427) (444.516} (1,402,708) Transfers of subsidiary from the group 21 Reeonclllatlon of funds: Total funds brought forward 2 023 487 3 426 196 Total funds carried forward 1,534.918 44,053 1.578,971 2.023.487 The Statement of Financial Artivities in¢lud¢s all gains and losses recogni$￿ in th¢ yw. All incom¢ and expenditur¢ derives from continuing activities. The notes on pages 14 to 26 forn] part of these accounts. Pagell Jewish Futures Trust Limited Company uumber. 07884678 Consolidated Balan¢e SI￿¢ As at 3 l December 2024 Note 2024 2023 Flxed Assets Tangible &8s¢ts Heritage Assets Ila Ilb 94,540 85,634 108.898 52.260 180,174 161,158 Current knets Debtors Cash at bank and in hand 12 2,498.864 1,408.978 $0081 aL37 4J48.945 3J45,815 Credltors: Amounts falling due within one year 13 Net eurrent 8Ssets 1,39&797 1.862.329 Totsl assets less eurren¢ liiblll¢ies 1,578,911 2,023,487 Crediton: Amounts falling due after one year Totgl Net Assets 1,578,971 2,023,487 Funds Restricted fi]nds Unrestricted funds 16 16 44,053 55.480 Totgl funds 1,578.971 2.023.487 Included in the Consolidated Slatement of Filla￿la1 Activities is net unrestricted income for the year for Jewish Futures Tnth of £(254,629) (2023: £313.656) The finan¢ial statements wcre approved and authori5ed for issue by the trustees and were sI￿￿d on its behalf on 27 Octrjber 2025 by E Misrahi Truslee The notes on pages 14 to 26 fornj part of these accounts. Page 12 J¢wish Futures Trnst Limited Company number: 07884678 Company Balance Sheet As at 31 De¢embei 2024 Note 2024 2023 Fix¢d Asyets- Tan￿71]e Assets 23,747 Current Assets Debtors Cash at bank and in hand 12 454.91S 5IO.336 Total Current Asg¢ts Crediton: Amounts falling du¢ within one ycar 13 Net Current Assets 376 Total a55ets less current liabilities Creditora: Amounts fallin8 after one year Total Net Assets 151,690 406,320 Funds Unrestricted funds Total fitnds 151.690 406J20 Th¢ financial statsments were approved and authorised for issue by the trustees and Si￿*d on its behaIf on 27 October 2025 by E Misrahi Trustee The notes on pages 14 to 26 forni part of these ￿0Ullts. Page 13 Jewlsh Futur¢B Trust iAmlted Consolidated Statem¢nt of Cash flows As at 31 December 2024 Not¢ 2024 2023 Cash flows from operatlng xctfvlti¢8: Net incomin￿{Olltg0ing) resources from operations Depreciation Decreasel(increase) in debtOTS Increase/(decrease) in creditors (444,516) 14.395 (1,089,886) 452 937 (1,402,709) 14,053 (50.598) 253 825 Net ¢a$h provlded by opernting a¢tivltl (67.070) (1.693.079) Movement of a$$ets out of group l Jan 2024 followlng de¢oMplkng of $ub$ldlary from the group Bank balances Other debtors Creditors Cash flows from Investing actlvldes Purchase of tangibl¢ fjX￿ assets Net ¢g$h used by Investlng *¢ilvfitle8 (33,411) (80.348) Cagh flows from f￿anCIng activities Additional cred1t1{rq)a￿nCnt) of short-tenn bank loans and credit cards Additional credit l {r4>a￿nCnt) of long-terni bank loe advances (3,275) 10,777 Net cash soureed l (used) by Ilnanelng actfvltlei (3275) 10.777 Change in c&8b and cash equivalents in the year Cash and cash equivalents at the beginning of the year (86.756) (1,762,650) Total egsh and tash eqlllvslents at the end of the year 185008 Page 14 Jewish Fvtsres Trust tknilted Notes to the Accounts- 31 December 2024 I CompaDy infonnatlon The principal activity of Jewish Futures Trust Limited is the advancement of Jewish education and culture. The company is registered as a charitable company limited by guarantee (company number: 07884678. charity number 1151066). It is Incor￿Tated and domiciled in the UK. The address of the rcgistrr¢d office Is 379 Hendon Way, London, NW4 3LP. 2 Accounting Policies Basis of Accounting The financial stafrments have been prepared under the historical Cost convention and in accordance with the Stat¢ment of Recommended Practice, Accounting and Reporting by Charities (SORP 2015). applicable UK accounting standards including the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the compani￿ Act 21M)6. The company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially Tecognised at historical cost or transaction value unles5 otherwi5¢ Stated in the relevant accounting policy note5. The principal accounting policies ath)pted in the preparation of the financial statrments are as follow$: B¥¥i$ of Con$o]idadon Consolidated financial statrments have been prepar￿ in respect of Jewish Futures Trnst Ltd and its subsidiaries Forum for Jewish Leadership LI￿ JRoots Lrf Aish HatOTah UK Lt￿ Klal-chazon Ltd and Give It Fonvard Today Ltd. No separat¢ SOFA or Income and Expendittwe Account have been presented for the Charity alon¢ as permitted by the Companies Act 2006 and the Charities SORP 2015. Both parent and aIl subsidTraries have the same reporting date of 31 D¢￿rnber 2024. Going Conr¢rn The Charitable group CUTrentty has &ssets that exceed its liabilities. In addition, the Trnstee5 a expecting to generate a surplus for the year ¢nded 31 December 2024 reflecting continuing control on expenditure and suP￿rt from donors. Having reviewed the finonciai ￿sItion of the Charity, the Tn￿tee$ consider thaL with a￿¢Trt cash resources. general reserves and the potential appeal for fundraising, there are no material uncertainties aknut the Charity's ability to wntinue as a going concern and have reasonable expectations that the Charity has adequate resources to continue its digitsl activitÉ¢s for the foreseeable fv￿re. Accordingly. they continue to adopt the going concern basis of accounting in preparing the annual fmancial statements. Income All incoming resources are included on the Statement of Financial Athivitie5 when the Charity is legally entitled to the incom¢ and the amount can be quantified with reasonable ¥curw. Expenditure Cost of fvndraising activities arc those costs incwred in attracting voluntary income. Charitable activities include expenditure associated with the delivery of its activities and include both the dirKt costs and support costs Telating to these activities. Governance costs include those costs with meeting the constitutional and statutory requirements of the Charity and in¢lud¢ the Indep￿dent eXam1r￿On fees and costs linked to the strategic management of the chaTity. Support costs include related staff remuneration, premises costs. trdvel cogts and core professional fees. These costs have been allocated to the expenditure Categories based on the management's estimate of the proportion of time and resources ¢on5umed by each of the key activities of the charity. Page 15 Jewlsh Futsres Trnst iAmhed Notes to the Accounts- 31 De¢ember 2024 Accounting Policies (continued) Liability Recognition Liabilitie5 are recognised as soon as there is a Icgal or consiTuctive obligation committing the Charity to the expenditure. Tgngibl¢ Flxed Assets Tangible fixed assets are stated at cost less depreciation. Dq)reciation is provided at rates calculated to write off the costs of fixed &88ets. less their estimated residual value, over their expected useful lives on the following b&5es: Improvements to leasehold prcwty Plant and equipment Fixtures and fittings Motor vehicles - Over the temi of the lease - 25 / reducing balance - 25 /• reducing balanceJ33 /• straight l?ne - 25 /0 reducing balance Assets greater than £l.lJ)O are capitslised. Heritage A￿ets The subsidiary, Aish Hatorah UK Lrf owns religious scrolls. These assets are untarnished and used to further the charity's objectives. Heritsge &8sets are included in the Balance Sheet at cost. Their carrying amounts are reviewed where evidence of impairnient exists and reduced where an impairnlent is d¢¢rn¢d to have incutred. In accordance with FRS102. depreciation is not provided on heritage assets as they are considered to have indef]nite lives. The cost of nmintenance and repair of heritsge assets is Mryitten off in the year incu￿¢ Translation of ForeRgn CDrrencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balan¢e sh¢et date. TTaiisactions in foreign cutreneies are translated into sterling at the rate rnling on the date of the transaction. Exchange gains and losses are rccognised ID the Statement of Financial Activities. Operating iAses Rentals under operating leases are charged to the Statement of Financial Activities on a strdight-line b&8is over the lease ternL Benefits received and receivable as an incentive to an operating lease are reCO￿ls¢d on a straight- line basis over the peri(MJ until the date the rent is expected to be ￿jUSted to th¢ prevailing maTket rate. Page 16 Jewish Futures Trust IAmited Notes to the Ae