**REGISTERED COMPANY NUMBER: 07948381 (England and Wales) REGISTERED CHARITY NUMBER: 1151408** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** **FOR** ## **JEWISH INTERACTIVE LIMITED** Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH **JEWISH INTERACTIVE LIMITED** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5 to 6| |**Cash Flow Statement**|7| |**Notes to the Cash Flow Statement**|8| |**Notes to the Financial Statements**|9 to 15| **JEWISH INTERACTIVE LIMITED (REGISTERED NUMBER: 07948381)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives and aims of the charity and its principal activities are: a) the advancement of Jewish religious education through modern methods of communication; b) the advancement of education of the public in any part of the world in the knowledge of the Jewish religion and Jewish history and culture; c) such other purposes as are for the public benefit and are charitable according to English law. ## **Public benefit** The trustees confirm that they have referred to the guidance contained in the Charity commission's general guidance to public benefit when reviewing the charity's aims and objectives and in planning future activities. ## **Volunteers** There were no volunteers during the year. ## **ACHIEVEMENTS AND PERFORMANCE** ## **CEO summary** 2024 Jewish Interactive (Ji) continued to lead the way in Jewish educational technology, providing dynamic tools and training to schools, teachers, children and families. Ji's focus has been to harness the potential of its new edtech platform, investing in development, marketing and training. World events have presented additional challenges which Ji has steered through, navigating complex pressures experienced by many Jewish organisations. Overall engagement and demand for Ji's services has grown significantly in this period with many new users and partnerships created. ## **Internal and external factors** There are no specific factors to report. ## **FINANCIAL REVIEW** ## **Principal funding sources** The principal funding sources are grants and donations as well as income from charitable activities. ## **Reserves policy** The charity aims to maintain reserves in order that it is in a position to continue its activities at a consistent level and to cover contingencies. The present level of funding is adequate to support the continuation of the charity's activities. ## **FUTURE PLANS** The trustees plan to continue their work to advance Jewish religious education through modern methods of communication, advance education of the public in any part of the world in the knowledge of the Jewish religion and Jewish history and culture and other purposes as are for the public benefit and are charitable according to English law. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity is constituted as a company limited by guarantee and as such its governing documents are its Memorandum and its Articles of Association. Page 1 FOR THE YEAR ENDED 31 DE(EMBER 2024 The Trustees may ap￿tht any Indmdual aged 16 ￿rS or over, wtrK) Is rK* dlsquallfied from dTrectorshlp or otherwlse disqualified from charity tjusteeshipi to be a Trustee, either to fill a vacancy amngst the Trust￿5 or as an additional Trustee, provkled that the appolnbnent does not (3￿￿e the number of Twstees to exc￿ any maxlmum number ft)r the tbme ￿Ing In force wrsuant to the prOvI￿on5 of the Artid REFERENCE AND ADMINIsfRATIVE DEfAILS Registered C4Mnpany number OPJ48381 (EnOarMJ and Waks) 1151408 FI￿ Floor. Wirth House N3 IDH Mr J Kett (resIgr￿d 12.8.24) Mr O J Bloom (￿￿ned 20.4.24) J Myers (reslgned 22.2.24) Mr E J Gold (aprK)inted 18.4.24) Mrs A R Wlnshall (appolnted 15.2.24) Independent ExJmlMr Mellnek Flne LLP FI￿ Fkmy, wI￿n Fkxse N31 Mr E J (kthj - Trustee INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JEWISH INTERACTIVE LIMITED (REGISTERED NUMBER: 07948381) Independent examiner's report to the trustees of Jewish Interactive Limited ('the Company,) I report to the charity trustees on my examinatlon of the accounts of the Company for the year ended 31 December 2024. Responsibillties and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfled myself that the accounts of the Company are not ￿quired to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charitles Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commlssion under Section 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross Income exceeded £250,(XiO your examiner must be a nEmber of a listed body. I can confirm that l am quallfied to undertake the examination because I am a MeM￿r of the Institute of Chartered Accountants In England and Wales, which is one of the listed bodies. I have completed my examlnation. I confirm that no matters have cDme to my attention in connection wlth the examination givlng me cause to believe: accounting records were not kept In respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records, or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance wlth the method5 and principles of the Statement of Recommended PraLtSce for accounting and reporting by charities (appllcable to charities preparing their accounts In accordance with the Financlal Repo￿ng Standard appllcable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connectlon with the examination to which attentlon should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Danny Fine, FCA Melinek Fine LLP Chartered Accountants Flrst Floor, Wlnston House 349 Regents Park Road London N3 IDH 21 October 2025 Page 3 ## **JEWISH INTERACTIVE LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Charitable activities
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
19
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**264,061**
**1,094**
**48**
**265,203**
**307**
**107,726**
**108,033**
**157,170**
**(83,669) **
**73,501**
**(19,450)**
**54,051**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**176,655**
**176,655**
**(176,655)**
**83,669**
**(92,986)**
**1,473,272**
**1,380,286**|**2024**
**Total**
**funds**
**£**
**264,061**
**1,094**
**48**
**265,203**
**307**
**284,381**
**284,688**
**(19,485)**
**-**
**(19,485)**
**1,453,822**
**1,434,337**|2023
Total
funds
£
102,195
-
77
102,272
6,155
333,876
340,031
(237,759)
-
(237,759)
1,691,581
1,453,822| |---|---|---|---|---| The notes form part of these financial statements Page 4 ## **JEWISH INTERACTIVE LIMITED (REGISTERED NUMBER: 07948381)** ## **BALANCE SHEET** ## **31 DECEMBER 2024** |Notes
**FIXED ASSETS**
Intangible assets
13
Tangible assets
14
**CURRENT ASSETS**
Debtors
15
Cash at bank
**CREDITORS**
Amounts falling due within one year
16
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
17
**NET ASSETS**
**FUNDS**
19
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2024**
Unrestricted
Restricted
**Total**
fund
fund
**funds**
£
£
**£**
**52,119**
**1,379,493**
**1,431,612**
**-**
**-**
**-**
**52,119**
**1,379,493**
**1,431,612**
**1,708**
**-**
**1,708**
**4,810**
**793**
**5,603**
**6,518**
**793**
**7,311**
**(4,586)**
**-**
**(4,586)**
**1,932**
**793**
**2,725**
**54,051**
**1,380,286**
**1,434,337**
**-**
**-**
**-**
**54,051**
**1,380,286**
**1,434,337**
**54,051**
**1,380,286**
**1,434,337**|2023
Total
funds
£
1,530,973
960
1,531,933
814
4,173
4,987
(78,048)
(73,061)
1,458,872
(5,050)
1,453,822
(19,450)
1,473,272
1,453,822| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 5 31 DECEMBER 2024 SUb￿t to the mryll companles reglm& The fina were awDvaJ try the Board of Tnjstees and audmxised for issue on a￿1 were sigred on its tehalf ty: Mr E J Gcld - Tru*e ## **JEWISH INTERACTIVE LIMITED** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Purchase of intangible fixed assets
Interest received
Net cash used in investing activities
**Cash flows from financing activities**
Loan repayments in year
Net cash (used in)/provided by financing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**2024**
**£**
**139,242**
**139,242**
**(76,460)**
**48**
**(76,412) **
**(61,400)**
**(61,400) **
**1,430**
**4,173**
**5,603**|2023
£
(65,855)
(65,855)
(114,417)
77
(114,340)
-
-
(180,195)
184,368
4,173| |---|---|---| The notes form part of these financial statements Page 7 ## **JEWISH INTERACTIVE LIMITED** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024** |**1.**|**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**|**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES**| |---|---|---|---|---| ||||**2024**|2023| ||||**£**|£| ||**Net expenditure for the reporting period (as per the Statement of**|||| ||**Financial Activities)**||**(19,485)**|(237,759)| ||**Adjustments for:**|||| ||Depreciation charges||**176,780**|152,157| ||Interest received||**(48)**|(77)| ||(Increase)/decrease in debtors||**(894)**|82| ||(Decrease)/increase in creditors||**(17,111)**|19,742| ||**Net cash provided by/(used in) operations**||**139,242**|(65,855)| |**2.**|**ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS**|||| |||At 1.1.24|Cash flow|**At 31.12.24**| |||£|£|**£**| ||**Net cash**|||| ||Cash at bank|**4,173**|**1,430**|**5,603**| |||**4,173**|**1,430**|**5,603**| ||**Debt**|||| ||Debts falling due within 1 year|**(56,350)**|**56,350**|**-**| ||Debts falling due after 1 year|**(5,050)**|**5,050**|**-**| |||**(61,400)**|**61,400**|**-**| ||**Total**|**(57,227)**|**62,830**|**5,603**| The notes form part of these financial statements Page 8 **JEWISH INTERACTIVE LIMITED** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure on educational software development is written off as incurred. Its value is not recognised until it is realised. Any income arising from the use or sales of such software is recognised on receipt. This is a change in accounting policy and has resulted in the comparative figures being restated. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 33% on cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Financial instruments** The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss. continued... Page 9 ## **JEWISH INTERACTIVE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1. ACCOUNTING POLICIES - continued** Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously. ## **Legal status of the charity** The charity company is limited by guarantee and does not have share capital. The articles of association of the company preclude the distribution of assets to the members of the company and accordingly a reconciliation of shareholders' funds is inappropriate. The liability of each member in the event of a winding up is limited to £1. ## **2. DONATIONS AND LEGACIES** |**2.**
**DONATIONS AND LEGACIES**||| |---|---|---| |Donations
Gift aid
Grants
Grants received, included in the above, are as follows:
Other grants
**3.**
**OTHER TRADING ACTIVITIES**
Charitable activities
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**RAISING FUNDS**
**Raising donations and legacies**
Events|**2024**
**£**
**128,165**
**17,229**
**118,667**
**264,061**
**2024**
**£**
**118,667**
**2024**
**£**
**1,094**
**2024**
**£**
**48**
**2024**
**£**
**307**|2023
£
44,074
3,813
54,308
102,195
2023
£
54,308
2023
£
-
2023
£
77
2023
£
6,155| |||| continued... Page 10 ## **JEWISH INTERACTIVE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024** ## **6. CHARITABLE ACTIVITIES COSTS** |Direct
Costs
£
Charitable activities
**73,704**
**7.**
**GRANTS PAYABLE**
Charitable activities
Grants to institutions are comprised of grants to Jewish Interactive
**8.**
**SUPPORT COSTS**
Management
£
Charitable activities
**180,736**
**9.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Development costs amortisation|Grant
funding of
activities
(see note
7)
£
**27,757**
in America.
Finance
£
**468**|Support
costs (see
note 8)
£
**182,920**
**2024**
**£**
**27,757**
Governance
costs
£
**1,716**
**2024**
**£**
**960**
**175,821**|Totals
£
**284,381**
2023
£
-
Totals
£
**182,920**
2023
£
1,380
150,776| |---|---|---|---| ||||| ## **10. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **11. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees|**2024**
**£**
**60,045**
**2,174**
**1,114**
**63,333**
**2024**
**1**|2023
£
91,675
5,490
1,729
98,894
2023
2| |---|---|---| continued... Page 11 ## **JEWISH INTERACTIVE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024** ## **11. STAFF COSTS - continued** The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: |£60,001 - £70,000
**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
102,195
Investment income
77
**Total**
102,272
**EXPENDITURE ON**
Raising funds
6,155
**Charitable activities**
Charitable activities
182,266
**Total**
188,421
**NET INCOME/(EXPENDITURE)**
(86,149)
**Transfers between funds**
63,481
**Net movement in funds**
(22,668)
**RECONCILIATION OF FUNDS**
Total funds brought forward
3,218
**TOTAL FUNDS CARRIED FORWARD**
(19,450)||**2024**
**1**
Restricted
fund
£
-
-
-
-
151,610
151,610
(151,610)
(63,481)
(215,091)
1,688,363
1,473,272|| |---|---|---|---| ||||| ||||| ||||| ||||| ||||| ||||| continued... Page 12 **JEWISH INTERACTIVE LIMITED** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024** ## **13. INTANGIBLE FIXED ASSETS** |**COST**
At 1 January 2024
Additions
At 31 December 2024
**AMORTISATION**
At 1 January 2024
Charge for year
At 31 December 2024
**NET BOOK VALUE**
At 31 December 2024
At 31 December 2023
**14.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2024 and 31 December 2024
**DEPRECIATION**
At 1 January 2024
Charge for year
At 31 December 2024
**NET BOOK VALUE**
At 31 December 2024
At 31 December 2023
**15.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments and accrued income
Prepayments|**2024**
**£**
**688**
**-**
**1,020**
**1,708**|Development
costs
£
**1,681,749**
**76,460**
**1,758,209**
**150,776**
**175,821**
**326,597**
**1,431,612**
1,530,973
Computer
equipment
£
**25,286**
**24,326**
**960**
**25,286**
**-**
960
2023
£
-
(82)
896
814| |---|---|---| continued... Page 13 **JEWISH INTERACTIVE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024** |**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 18)
Social security and other taxes
Pensions
Net wages
Accruals and deferred income
**17.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 18)
**18.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
**19.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.1.24
in funds
£
£
**Unrestricted funds**
General fund
**(19,450)**
**157,170**
**Restricted funds**
Restricted fund
**1,473,272**
**(176,655)**
**TOTAL FUNDS**
**1,453,822**
**(19,485) **
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**265,203**
**Restricted funds**
Restricted fund
**-**
**TOTAL FUNDS**
**265,203**|||| |---|---|---|---| ||||| ||||| ||||| ||||| ||||| continued... Page 14 ## **JEWISH INTERACTIVE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024** ## **19. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
Comparative net movement in funds, included in
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|Net
movement
At 1.1.23
in funds
£
£
3,218
(86,149)
1,688,363
(151,610)
1,691,581
(237,759)
the above are as follows:
Incoming
resources
£
102,272
-
102,272||Transfers
between
funds
£
63,481
(63,481)
-
Resources
expended
£
(188,421)
(151,610)
(340,031)|At
31.12.23
£
(19,450)
1,473,272
1,453,822
Movement
in funds
£
(86,149)
(151,610)
(237,759)| |---|---|---|---|---| |||||| |||||| ## **20. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2024. Page 15