Registored wmbeT: 0903XleO Charlty numb•r: 116S398 KESHET DIVERSITY UK (A Company Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 AE3JVS 2810512025 COMPANIES HOUSE P4ell
KESHET DIVERSITY UK IA Company Llmlted by Guor¥nteel CONTENTS Ret¢fyn¢e •nd IAlministralive Delails of the Compwry. its Trustees •nd N41¥is*r$ Trust••$' R•port 4-10 Inde Examln•f$ R•p(xl Stslem¢rt of FInal91 Activities 12 Balance Sheet 13 lo th¢ Fknanclal Slalemw 14-24 Pe12
KESHET DIVERSITY UK (A cOrynY Llmiied by Guarant•81 REFERENCE AND ADMINISTrATIVE 0JL$ OF THE COMPANY, rrs TFIVSTEES AND ADVISERS FOR THE YEAA ENDED 31 AUGUST 2024 Tru$ts•$ S Saifer E Rose E Berteen (res1 1 May 20251 S &AorTV)n R IAoss Dr J bff laFg)oTnted S 2024) L15, laprKJinted 18 June 20241 Jacobs IreswJned 5 December 20231 S Shashoua Ire&gn&J 17 Sepiemlr 20241 Conwny rngistèr•d number Charily rogistfjr¢d number 1163399 R•9istsred ¢)th¢e DShITe Hou $82 HMeypot Lane HA7 1JS Accountants Simia Wall LLP Chartered ArThnIan15 582 Honeypol Lane Stannv)re HA7 1JS Pa8e13
KESHET DIVERSITY UK IAConyany Limiled by Guarnrrt¢e) TRUSTEES. REPORT FOR ThE YEAFI ENDED 31 AUGUST 2024 The Trustees prèsent thèir annual reF tog•1¥ wrfh Ihe finrtial statements of Keshet DNersity UK for the financial year 1 September 223 to 31 August 2024. Th? Annual Rep)rt SeeS the puOseS of btsth a Trustees, rekyjrt arxl a Directors, report urkler Company law. Thè Trustees confirm ihat thè Anal Rèport and financial statements ol the charitable company comF4y wih tho currént Statutory requirernènts. tl requirèmènts of the CharItab conyany's governing thxument the wovisions of the Statement of Retommènded Practice ISORPI aKab to charibes wepanNJ their accounts in accor¢Jance with the Financial AtFrting StaThYard aFF41Cab in the UK and Repuuic ol Iland IFRS1021 Isecond edrtion etlective 1 January 20191. Swica the CLynpany qualrfies as small under section 3B2 of the Comparns Act 2C#)6, the strateg Report required ol me(lium and large conwies under the CoMpanS Act 20[6 Istraiegic Report and Directors. Fleportl Regulatn$ al13 has been ornitted. ICtIves and a¢tivili¥s •. Pollcies and oblect1$ The Charits principal wms arkj otfjectfvps durffw the per•)d were lo promote equality and diversity, to aJvance education and eliminatè disrximinatK)n in relalion to lesb¥n, gay. bisexual a1 tranSgeYer ILGBT+l wopltt in partiwlar LGBT+ Jews wrthin the Jèwish wthr communrty. These ams were made possib by the irwmg tharilatsle acb'¥ities pertormed and &atr"OnS re. In shapng tho otiectives ol the chanty. the Trustees have clSle the Charity CommissTh)'s gux1at)¢e on publ benefit. b. Volunts•r$ The charity is grateful for the ¢Jedi¢atb)n ¢¢ntineN ol it$ 15 volunteers who were invow in training 8nd education duri the period. Achlevemenls and perfornwce a. Revlew of acllvStles Donation$, Giti Ai(J receNed and othar Ir in the period totallad £197.207120fJ.' £183,255). É203,831 12023.. £187.8061 was paxl out on charitatAè adswti.ès as das(xibed in S to the financlal statements. Th& eharity'5 resoufces &XFxM18<1 exc4eded ifnItYj iesour¢ss by £6.625 (ln 20TJ resourcas expeThJ&J exceeded Incoming resources by £4,3511 The baLqTKe sheet 15 FQ5itNe during the main constituenl part contiwing to cash reserves. At the reporb'ng date. the Charity haj cash reserves of £38.431, wth gera1 funds of £68,601 a1 no restred lund& These reserves wll be used in the lulure the obieclwes ol the charity. specilicdly lo increase ¢apaoiy to develop and ddNer chariiaty¢ aclwibes. PaBe14
KESHET OIVERsrrY UK IA Compony Limited by Gur•rt¢•) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOEO 31 AUGUST 2024 Achievements and ptrrfornw l¢ortirwedl b. Swnmary ot charitablè •etl¥ities KeshetUK has a vigon of a Wor whwe no one is fryced to choose between t1[ LGBT and Jewtsh Kl8ntity. Our miss)n is lo ensure 1hat Jewish LGBT+ people aTrY thwr farntlies are induded throughoul Jewish lrfe in the UK. We engage wilh 5chrds. youth and young adutt organisatK)ns. synagogues WKler communal organisations about Ihtr impY)rtaneè of LG8T+ inelusion aThJ thèn enablè thasè institutions to bJ•ntty their goals in tg becorng rn0 irxlusNe ol Jowish LGBT arKI thgir lamilie& It has been an extremely challwoiThJ year fw Ihe Jewish commvnity. Last year was our first since 2019 with no pandemic impact. but the events of 7 Oclober 20fJ and the attem)ath meant that for much ol the year the Jewish cornmunity was processing hty¥ to SUPPOrt each otlr, a1 this rreanl that some of KeshetUK's programming was slowed (hy. Given Ihis. we are 1rKxwY kxoud thal we have L8n able tts athiove almost all our stralegic goals. In 20224. in ¥¢hool$ w8: Delivered wortshops and aSSeMleS lor over 3.9 pupls from INe Jewsh sec0Thry schools, ten secondary school Jewish soueties. and fNe jiSh primary schools. Ran traning tor 73 secon(lary schod stalf, irtluding ten teathers Irom a nunknr of drfferent schools via a teacher trainiThJ rxogramme run by the Lorsn &hool of Jewish Studies. Wthed wth a group ol Yèar 12 pupits ai JCOSS as part of thèir'Ambassador' twning prth)ramm8, Partnered wrth UJIA 10 ¢Jdiver workthops as part ol Ihe JAMS programme, using a menu ol KeshetUK worksws created speoficalty lor Jthvish sooth.es in non-Jewish secondary schools. We delivered JAMS woikshc4)s lo more than 220 pupils acr(6s ten schools. indudirwJ cw)e in Glasgow. Supported staff in a number ol schJoLs (both Jewish aThJ n(-Jewish) lo devekjp SsOn ntent and pastoral appro&thes to inprove IlUn for Jewish LGBT+ pupls. Wg also delNgred LGBT+ in¢lus)n Iraining sessions to ninè youlh movèmènw 9roy. cludIrVa.' 51 Habonim Dror leader5 as part of their pre-5umm8romp training. 64 FZY aderS and 59 FZY partiupants as part ol iheir temi-time Ung Wership prograrnme. 3 Noam stalf youlh adets who rectivtd traiThng on a numL*r ol aspècts of LGBT+ inelusKJn as part ol a wK1er communal awarèness programme. and 25 lèaders as part ol their pre.summeroamp training_ S Bnei Akrva leaders as part of their trainir¥J fcrf kadiTr3 Israel Tour. 5 BBYO members as part of their trainiry lor leading Europe TOLW, aTrJ 10 members as part ol their prè•summw•camp trainry. Our work with synagogues. )mrnUnrtI awKI ralkn fft 20t3rd4 irKILKl&J IrainirwJ for.. 16 Norwood Stafl Members 13 Jewish Care senior le?rShp staff Nine member5 01 seftr leadership stalf at Limrnud Ban training, a focus group and Sock Spaces for over 80 pecpbe at Limmud Festival Nine members ol staff from New Stoke New1j10n Synagogue and len e[rt)erS of slaff frorn New LoThlon SyrHgogue PaEe15
KESHET DIVERsrrY UK A Company Limltyd by Guarantee) TRUSTEES. REPOJIT (CONnNUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Eight members of slaff and gave a talk to 19 Trustees of Belsize Square Synagogue 13 members of statt from Masorti Judasm and Noam Created a session fc( the Jwsh Leadership Counol's Intemational w0nn.5 Day event- th? second year in a row that we have ten invited lo a part of this event In our wmmuniti8s across the UK. wè also: Conthnued our listening campaKJn. maklng cty)rwtions with Aabbis across the COLintry. inclLKling three comMuneS in MakneSter DelwèreLI a D'var Torah for East Lonthn Essèx Lthral Synagogue as part ol their Pride Shabbat as well as a¢ Edgware a1 HeIon Relorrn Synagogue Suprted lrtasorti cofflmunittes to be mor¢ tndusNe of Jewish LG8T+ pecyle and th&r families, as part of Ihe third year of our parthership wilh Ihree years of funding from the Nabonal Lottery Ran our first session for six parents arKI carers in ScotlaThJ. tnlI¥J IGther pW trom a range of religiuu5 affiliations ling in arrtJ around Et1inburgh Ran a parenvcarer lastef. tiaiNrKJ session at Limmud. 13 part1Pants Aan onlir &Jucational sess)r6 for Iwo parents. carers aTrJ farT¥ly members of LGBT+ p8Oe Fin#n¢lal fy¥iew a. Going concem This year KeshetUK continued Io OFerate against the backdrop ol the 'cfJst of liwryJ utsis. cxjupled Mth SlgnifirAnt changes in the grani makirKJ laThYscape and the irnpa of 7 oober orn Jèwish eharit3ble giving. This resulted in sorne regular donatv)r reducirwJ. grants beiry reduced or cut attggelher and inryea5ing staff salaries lo ensure stalt dKI not b5e oul in rèal terrns. Moro5kYe these challenges. like many tsrganisalions many other costs rose due io hwJh inflation. Wo continue take steps to mitigate Lhe rksks and mlMise the benefil to our benefi¢r&rigs this Pert. We have a knt of work to do in 2024125 as some of our seryed fundwMJ is ccming to an end aThJ intlation ramans high, even though it is fafiw. Tho delivery 8ducatN)n and trainirvJ ¢s her than wtrpandemic levets. and interest in our svicès Contin to grow. We wil need to wcrfk hard to socajre lurther renewal ol luNIiTh3. as well as builJiThJ dc01 rekbonships. and bwng caul)us with our 5peTrJir¥J. We have pLans in ce to increase iTrJividual giving irKome via lurnjraising campaigns and rrKJnet6alKJn of somè wogramme elerwts to heJ CLJntribute toward our financial sustainabilty. We need to balan this awoach to ensure that finartt is never a barrier to any organisatio wishing tg engage with u$. Thè Trusiees expect the charrty to have enough resources to remain in eXIster lor the foreseeable futurè. For thi5 reason. they ¢onlwiue to a(k)pt the goiro cOr£M basi5 in preparing the finan( statsments. b. Beserve$ policy Th8 eharity Fxw0uY had a r8S8Nes pc4Ky of hokffiro lurthts ewNab8nt to mcrths expltUre. The Directors have &stalShe a reseryes in Marth 2025 that requires the charity to hold reserves equivalent to 4-6 months. experttiture. At ts ert1"n9 t1ate. Lw)re*Xed SerVeS are £68,601 and WLId rA)ver over foyr months. eXnrtUre. PagelG
KESHEf DNERsrrY UK {A Company Limited by Gu•ranlee) TRUSTEES. REPORT ICONTINUEDI FOR ThE YEAR ENDED 31 AUGUST 2024 c. Prlnclpal fuThllng The charrty is principally fuTh1ed by ¢Jonth"on Structur•. governance and managwnent . Consiiiullon The charity is registered as a chrtatA• cwipany lirr#ted by gvaranlee and was set up by a Memorandum of Association on 14 May 2014. The chwity is conslituted under a MernoraTrJum ol ASS1¥)n dated 9 May 2014 and is a registered charity number 1163398. The tharitab u)mpany was 1rt0rporad on 14 May 2014 at Cornpanies House. The pnncipal object ot the charity to provide to womote equalrty and (Jiversity, advan¢¥ education and eliminate th5criminatn in rélation to th"an. gay. "sexU aThJ transgender ILGBTI people in parti¢ular LGBT Jgws wihin thg Jewish arKI WKler aynmuThty by such mèans as thè Trustes from tim8 tv tiwng decide. b. Method5 of appolntrrnl or d¢ctlon ol Truste•s The Trustees who seNed ng the year were.. S Saffer E Rose E Berteen IreswJned l May 20251 S solor1n R Moss Dr J Ziff lappointed S Plarch 2024) M Lewis, lappointed 18 June 20241 M Jacobs Iresigned S Decernter 20231 S Shashoua Iresigwl 17 September 20241 The management of the ¢arily is the re5wn5tbtlity ol thè Tfttsteès wtho are eleued and co-optod un(JBr Ihg tèrms of thÈ consi1110n. Urxler the constitution TrUeeS afe aFP)inted for thretr years. Ontr third of Ihtr Trusl•es rè'ra annually a1 arè eligibl? for rtrapKx)¥rt. M) Trusteè received any remuneration for services as a trustee Ouring year. No Trustee had any benelioal interest in any contracl wlh the charity during the year. ¢. Pollcks adopted lor the #Ylu¢iiM #nd tralninll ol Trvslees Existing Truslees trfiel new Trustees on the charitys airr6 arKI rti1liveS. They are given a copy ol the charrtls constitutton as well as the latest linarKial statements. They are also given literatu atul the charity, lamiliarised with our pol¢ies, and are directaj towards tl charity's website. This enables the Trustees to fulfil their role in line with the Ch11185 2011. P•ge17
KESHEf DIVERSITY UK {A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 ql. Risk managem•nt The Trustees have assessed the major risks to the eharty 15 exposed. in particular those relale(I to the operations and finances of the charity. and are satisfied that systems and procedures are in ace lo mitwate our exposure to the major risks. irKauding: Risk 1.. Rising demand oulstrips our capacity to deliver programming. This is miligaled through good ccrfnmunution Vdilh those we work ¥th. reviewin9 how we %w)rk lo ensure we are working effectively and fundraising lo add any necessary new capacity. and building volunteer capaaly. Risk 2.. Lack of sufficienl funds. This is Mil3aled Igh our fundraising strategy including priorilisiThJ bong- term regular donations. attracting major donors. expanding our ant bwiting, exploring further opportunities lo increase trading income to ertsure our longer-tem Sta'bIty. Risk 3-. Insufficient Vofunleer recruitment and retentw)n affecting KeshelUK's ability to deliver its activities. This is mitigated through our volunteer recruilmenl. engagement and development activities, with a named volunteer coordinalor and considering a trustee wth Spe¢rf responsibility for volunteer development. Risk 4: Volunteer or staff bumout at all levels in the organisation, induding leadership. This is mitigated by priorilising activities $0 non-essenliallnon-urgenl can be postponed or held, spreading workload across the widest team possible. and Ihrough (Jebriefing and support activibes. We also have one trustee who support5 on HR issues specifically. and have eontracted extemally for expert human resources support. Risk 5.. Inappropriate volunleer or staff behaviour ¢Cld resurt in ham to vulnerable people or create reputational risk. This risk is miniffli5ed through implemenling our safeguarding policy. regular training opportunities for volunteerslstaff. avoiding unsupervised working wlh polenlially vulnefable people.. volunteerslslaff working in pairslgroups wherever possitje., and supervision and mentoring of newer volunteerslslaff by more experienced volunteerslstaff. Risk 6. Impact of Ihe'cosl of living. crisis. This has become easier to quanlrfy as time has passed. However. we are still unsure about Ihe economic impacl on our fvnders arKI how this rnay affect us. We are trying lo manage this risk through ¢lose engagement with major donors and audiences for our work. and where posSie adapting our content and delivery to the evofving situation. Page18
KEsH DIVERStTY UK (A Comp•ny Llmiièd by Gu•rnnt••) TRUSTEES. REPORT (coi¥nNUED} FOR THE YEAR ENDED 31 AUGUST 2024 Plan$ for lulwo rIOdS In 2023r24 we bejan to delwer w new INe-y¢ar stratygy. wekome members ol staff aNI new rnembers ol our Trustee Board. DuriTrJ 2023124 we saKI goodbye to Trustees. Mhelle Jacobs left us in December 2023 aft91 threè aThJ a hall yeats on our t(Jard aThJ Stephen Shashoua stepped (Jown in Sèptèmber 2024 arter four years. We Ihank Ihem Ix)th for thtyr d1110 aThJ cYJmMrtnnt to KeshetUK throughout the time with us. We welcomed Dr Jo Zrtf and Matt Lis in March aTrJ June 2024 resFectwely, taking up thè rofes of Monitoring arKI Evaluat Lead arKI Treasurer. Both brry substantial axpertise and nhanced Ke5hetUK's g0vemae capacity. Our first Exeojlive Director. DJia Flemiry. left KeshetUK at the start thg summr. 0•a had been our Executive Director $ie 2017 and had W a voknnteer with us SI we first started. even before we were a charity. in 2012113. was an inspi¥ing and exceptional leader of KeshetUK. Following an extenve rgcnjitment proces5. ihe Board of Trustee5 apwinte<l Ar1 Chawan to the posi of Exe¢ubve Direclor Ariel joined us full time in Octcthr 2024. Ar1 Chapman join5 us as an IlusK)n and dNersity SP8Lialist wrth nearly a decade ol expernCe acr06S . muhiplè sectors. His extensive b(ground incIleS work gn national internatK)nal educalk)n research projects, such as pea edUCaTr inrtiatt¥es in lyad. as well as leader5hp role5 Within hJher edvcalion. Ariel has $0 serv8d as an Assooate Lecturer. focJJgr¥J on toprs like LGBT+ inclugon in ethcalitsn aThJ tha impact of antisèmitism in schcKJls. In rn1 years. he has supported numèrous nation and 9lobal organisations in foerir4J more IlUsive oJItu. The locus lor 2024r25 onwards 11 be 10.. lrnprove financial sustsinatility as an oTrJanisation to safeguard wr luiure. This includes reguhr forecasting, increasing the numter of SeSsIV1 grant aptAications. moneth5ation ol elements of our WQTk and increased lurnlraisiro campaKJns. Recrurt and sUprt volunteers who can acjd lo our delNery capacity Further ts¥elop our Community Life Programme Devek)p our awroach to communicatKJrts indudiThJ inwoved d#3ilal presence to showKase the impact of our WLNk ar¥J attrart fun¢Jèrs Exp&)ding our pr(yJrammiNJ Ènsure we are reaChg all areas of th8 UK with an ilwlial on eommunrties in Manche51er Leeds These tYK)rits will be regularly revi by the Trustee5 arJ tlw may d8¢KJtr limit N adapi the Charitys ans for the next finala1 year. Momber$' liAItty Thg Membèrs of the Cornpan Company in Ihe event of gvarante8 to an amlwnt ex¢gethng £110 th& assets ol the Ing up. Pa8e19
KVSHET DIVERsrrY UK (A Compony Llmlttd by Guarnnto•l TRUSTEES. REPORT{COPmNUED} FOR THE YEAR ENDED 31 AUGiIST 21124 St•temenl ol Trustees. SPOnsibl1111eY The Trustees (who are also the Cxreclors of the Company frx IhÈ rAMP05es of company lawl are responsible lor preparing Kingdom the Trustees. ReKYJt and 1he linarKial statements in accordarKe with aFpluble law aThJ Unileil Accountir¥J Standar(ts (United lQngdom Generally Accepted Accounting PractiTI. Company law requires the Trtsstees to prepare linartaa statemènts for ttach finaal year. Under company law, the Trustees must rK)t aM)rove the financial Stslements unkss ley are 5atisfiecl that they give a true and fair view gf the stale of affwr5 of it5 incoming resources aThJ aFVicat of resovrc6s, InCludg its incom aThJ expendrture, for tha¢ per. In prepariro these financial statèmants. tha Trustéès arè tsquirtd to: sèlect surtablè accounthNJ polics then aPY them ccwstenlly: cSe the meihods and K¥inciples of the ChaIrtS SORP IFRS 1021: make judgments aeeounting estimates that are reasonable and prLKlent,' stals material whgther UK A¢nt9 StaThJar¢Js IFRS 1021 have b88n followed. sutig¢t lo any departu$ disdosed and explained in the financial stalements.. F¥epa tre linancial statements on Ihe concern basis unless it is inatproprrate to presume that Ihg CorT¥Mny will witinue in tNJ5ines5. Te Companys Trustees are transac re5Pgngtle Iof a¢qvate accounting rordS that are sufficnI to show and exF4ain Coryany's transaclirms arnl di10$8 with reasonable 3rxuracy at any lime the financial posttion ol the Company an¢J enable Ihem lo erwre that the fInara1 statements comply with the Companies Act 2006. They are also SponSible for safeguarding the assets ol the Company and hence lor takirvJ reasonaW$ $t$ps for the of fra aThJ Olher irregularities. Approved by order of the memLrs ol the Board ol Trustees . . aThJ SMJned on their behaff by: R Mo$s Chair of the Board of Trustees P•8e 110
KESHEf DIVEASTTY UK IA Company Limilod by Gurdnl¢•} INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 IndepwKlent Ex•min8¢$ R•prMI to Twst¢gs 91 Ke¥hel Diverslly UK Ilh¢ Company'l I report to th¥ charity Trustees on my exam1nkn.c ol the a¢yx)unis of th& Company for th6 har ended 31 August 2024. R•sponiliti¢s and Basls of R•port A$ ihè Trustèos ol the Cowy laThJ its directors for the PU of company Lawl yw are respongble lor the preparation of the acttsunts in accordance wfth the requYerneNs of the Companie5 Act 2006 Ilhè 2006 Act'l. Having sali51 mysem thai the accourn$ of Ihe ctypany ate not required ID be aLNJfled uThYer Part 16 of Ihe 2006 i and are elgible for independent examinatKJn. I rep)rt in iespect ol my exaMIna"0n ol the Companys awAwnts carried oul'under sethw)n 145 01 the charit Act 2011 Ilhe X111 Acri. In carrying oul my •yaminalwJn I have folltswed lh• t"r8Ctions gNen by Ihe Chanty Commi$90n uThJer secbon 145151(bl of th 2011 Act. Indedent Ex4mlnorf9 Stslemnt I have complèted rny examination. I conlirni that no mattets have )rne to my attèntion thi connection wtth the examinatiw giving me cause to be&"e". aeeounkn.ng records not Kept in pect of Coffpany as required by sedion 386 of the 2D06 Act.. or thè aceounts do not accord with ttsjse records." or tho accounts do not comply with the accounting rewirements ol sgdion 396 of th8 2CH)6 Act other than any requirernent that Ihe a1x0ts give a Irue fwr. view wh¢h is ncl a matt6r considered as part an indeFendent examination.. or thè accounts have rK)t been prepared n acoydarts wth thg nwthJd$ pTi•pIeS ol the Statement of ReCommeIed Practv for a¢ybng arKI rew)rtiry by charib'es laprAicthe lo charitie5 prepariry their accounts in accordan with the Financkil Reportir4J Standard apICable in the UK and Republic of IrelafKI IFRS 10211. I have no concorn5 afKJ have across no matters in connection with the examinalion to which attention shtyjkl be thawn in this report in oft1er to enablè a prtpw urnlatstaTrJirvJ ol thè attounts lo bo r8ach8d. Thls report is ma(le solely lo the MpanIS TrLLStee4 as a tx)dy. in aCrdanCe wrth Part 4 of th6 Charits"es (Accounts and ReFK•rtsl AegulalN)ns 2)8. My work has been uThJertaken so that I mKJht state to the Company's Trustees thosè matters l am required to sraie to them in an INJwndent Examin&rfs Rtwrt and lor ) other wrpose. To the fullest extent permrtted by law, I {) Thjt aeeèpt or assumè responsibilty to anyo other than Ihg Conwy awKI Ihe ¢panS Truees as a b¢. fry my woth or lor this rekmyt. Nicholas Fisher Simia Wall LLP Chartered Accountants DevsIre House 582 Honeypot Lane Stanmorè kY(Jlesex HA7 1JS Pose 111
KESHET DpIERs UK (A Cofflpany Llmlted by Guarantee) STATEMENT OF FINANCIAL ACTWMES (INCORPORATING INCOME ANO EXPENDITURE ACCOUIffj FOR THE YEAR ENDED 31 AUGUST 2024 Total lurYs 2024 To1 funds 2023 fuTras 2024 furxys 2024 Note Iorne from: Oonations. legaci•s & inteiest 75.899 121,Y 197.207 183,255 Total ineom• 75.899 121. 197.207 183,255 Eynditure on: Charitable actiwties 63.952 139.879 203.831 187.6C6 Totsl expgndftu 63.952 139.879 203.831 187.6Cfj Net movement in funds 11,946 118.5711 16.6251 14,3511 Reconclllation ol funds: Total funds brought lorward Nèt movemen¢ in funds 56,655 11,946 18,571 118.5711 79.577 16.6251 79,S77 14,3511 Total fund5 carrd lonvard 66,601 68,601 75,226 The not8$ on pages 14 to 24 form part ol finala1 sialènwnts. Page112
KESHET DIVERStTY UK IA Cornpany Limiled by Gu•rnrfeel REGISTERED NUMBER: 09080 BALANCE SHE S AT 31 AUGUST 2024 2024 20TJ Fixod ASSOt$ Tawiblg asseis Curr•nt assets Oebtors Cash at bank arn1 in hand 36.054 38.431 21,788 99,883 74.485 121.671 Cr¢ditors.' amwnts 14lliwvJ iJe wthin o year 10 15.8841 147,0491 Net curreni oss• 68.601 74'.622 Tot•1 nel assets 68.601 75.226 Chaty1und$ ReStrted lunds Unrestrict&J fulS 18.571 56.655 68,601 Tolal lunds 68.601 75,226 The Cornpany was entitled to exemplion from aLKIit sertNyi 477 of the Conpanps Act 2006. The member5 have required the cowy to otAa'n an alf( lor th• year in question in aordanCe with seclion 476 01 Companies Acl 2006. The Tru$lees a¢kedge their resp)r6ibililies lor corr(An9 wrfh thè r8qu¥grrrts ol thg Acl with respect to accc*Jnting re¢dS and weparalion ol statem. The financ4 slatements have been prepared in ac¢(d wih Ihe provi5K)ns aFf4icable to entities subject lo the small CoMpanS regime. The linancial stalernents weffj wo¥&J arKI aulkns&Y lor wue by th8 TrUStS and signed on their haff by.. Amo Chair ol the Board ol Trusiees The notes on pages 14 to 24 IfNm part ol these finartrdl slatemerts. P3Ee113
KESHET DIVERSITY UK IA Comp•ny Liffliled by Guarnrtet) NOTES TO THE ANANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Gra1 InforTrliQn Keshet Diversity UK is a Charitab (x)mpany limited by guarantee and registered in England and Was. Its registered otre 15 Devonshwe House. 582 Honeypot Lane. stanm0, HA7 1JS. Accounting pollcles 2.1 B•sSs ot pryraiion of limneial st•temÈnl The financ411 statements have been wepared in aor{lanCe wlh the Charityes SORP IFRS 1021 Isecond edition ¢trI)er 20191 nting and Re[rtIng by Charit$.. sfaternent ol ornmended Practice ar¥Arable to charitEs wepariry ther aunts in accordance with the Financial Reporting Standard aF¥)licabk in ihe UK aThl ReWbI ol Ireland IFRS 1021 lèff8efr.vè 1 January 20191, the Financial Reporting SiaThJard awicable in the UK aThJ Republic of Ireland IFRS 10a and the c¢ran Act 20C6. Keshel Diversity UK rneets the delinthi of a bfit enbty 18r FRS 102. Assets aTrJ Iptrylthes are initially recognised al histoid r4)st ry transaction value unless othervAse slated in the Igvant aOuntIng w)li¢y. 12 Incorne l is recogrHsed orkx the Company has entillement lo the irD)me. it is prObae that the incorne will te l¥ell and arn of I(re rec£ivable can be rneasured reluably. Grants are Ind in the Statennt of Financial Actiwtps on a receivable basis. The balance of incvrne recaved for speofic purposes trwjt rK)t expe1K11 rIThj the peri¢)J is shown in the relevant lunds on iht Balancè Sheet. Where irwrne 15 r¥1¥¢ in advarrR of enlitlemenl ol receipl, its racoanrtion is tsferred and in¢ltKJed in creditors as deferred irkwme. Where entioement ocLurs ore in¢ome i% received. the Nwne is ac¢ywl. Irwme tax rer))ver*Ae in relattrn lo (h)rIatior received uwxjer Grfl Aid or deeds of covenart is recoanised al the time ol the (kjnat 2.3 Expendltur• EmNIrtUre is rècognised ¢)nce there is a leg or o)nstructNg OblatiOn lo transfer econom benefit to a third party, it is probable that a transfer of economic benèfils will required in settlent a1 the arUnt ol obligation can be measured relwbly. Expenditure is classrfied by activity. The costs ol each &livity are made up of Ihe fotal of direct costs and shared costs, induding SUPFKKt Costs invcAved in undertaking each &iNity. DirèL1 cost$ attributatAe to a single activity are allocated diiectly to that aclNty. Shafed costs whch contribute to mgre than on8 a¢hvity aTrY support whth are rk)t attributable to a sngle activity are aFVOrtioned bètween those activities on a basis consistent with the use of resour$. Central staff costs are allctated on Ihe basis of timtr ynt. and deprèciatiw ¢harg&s l0¢aled on lh& portion (>f the asset's use. Supwt costs a those costs irrurred diredy in SUPF(fft ol eXpeIlre on Ihg objects ol the cornpany and incknle woiect management camed OLrt at Headquarters. Cknarilable ath"vrties Goverrwu costs arè cfjsts incLMfaJ on the companls educational OFeraiions. including Sup[ costs costs reL4thng 10 the goveman(% of the rnmpany aFW)rtione(I to ¢hariiabte adiviDes. Page114
KESHET DIVERSITY UK IA Conyany Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMEiirs FOFI THE YEAR ENDED 31 AUGUST %)24 A¢¢ountlng Wi¢ies (¢oniiNedl 14 Governmenl gr•nts Govemment granls relab"rKJ to ta1b fixed assets are treated as delerred ino)m8 and r8l0asèd 10 the Statement ol Fin over the expected usefvl lives of the assets concerned. Other grants are credited to the Statement of Fina[la1 Actm'ties as the related expeIltUre is incurred. IS Tangible fixed assets and depreclatlon Tar4Jde fixed assets are carrd at cost, net ol depreciation aTrJ any provision for impaim)enL Oeweriation is charged so as lo allAle ihe cost ol tangible fixed assets less their resmlual value ovei their estimated uselul INes. usw)g the straight-line methc¢J. Oeweoation is pwowded C ts Ic4h)wirMJ bags: Olfice equiprnert - 3 Jpars strapJM li ¢JeprerAalKJn 16 Debtors Trade aTrJ other debiors are recogni51 at ts setllemw amount after any trade discounl offered. ¢payments are valued at Ihe affnI nei ol any trade di$¢nts ¢u. 17 Cash at b)nk •nd In hond Cash at bank aThY in hand indth cash and short-terrn hIlY lJuid investments with a short maturty of three months or bess Irom the date ol ac¥]uisition or OFeniro of the depwrt or similar a¢¢ount. 2A Liabilities and provisions Liatiilities are recOls when lh 15 an cdjkgation at the BalarKe Sheet dats as a result ol a past ovent, rt is prObae trat a transfer of econorn ben6frt 11 be rUrj in settlement. aThJ the amount of the SettrInI can be estimated reliably. Liabilrti8s are r8eC4Jnj at th8 amount that Ihe Corwy 3cipal¥S It VMII pay to sellle Ihe debt or the amount it has recwgj as advanced 3Yrnents for the goods or services it rnust provide. Provisions are measured at Ihe test esi¥nate of the amwnts requyed lo selt the obwtion. Where Ihe tlfect of time value ol money is malef, the provIn is based on Ihe present value of those amounts. l$coUrted at Ihe prtrtax ¢f6cwnl rale thai refiects tl risks swcrfic to the liaLylity. Th unwrnling ol Ihe ¢hcouM bs rwnised the Statement ol Financial AetMliBs as a h"nance cost. 29 nSIOnS The Company operates a defj contritxA¥)n pensK)n scheme aNJ th$ charge reprnIS the arM)unts payabSe by the Cryryany to the fwKI in reSt of th8 year. Page115
KESHET DIVERS UK IA Company Llmlltd by Guarant••l NOTES TO THE HMANCIAL STATEMEPITS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcSes IntInued> 2.10 Fund aeeountlng GenerJ IvrK*s are unrestriraed fUts are aValab for use at lh& distreiN)n ol Ihe Twstees in furth8fancè of the gerte Obj$ of the Company and which have not been d8sbJnaled lof other rposes. RestrKled funds are fund5 whrh are to be used n aC¥ordar with speolic reStru)n$ imposed by dor$ or whth have been raised by the Company for partular purposes. The costs of raisM)g and administtrin9 such funds arè Charg against the speofic fund. The aim use ol each restri¢t¢d fund is set out in the notes to Ihe finaal statements. Irom donlOn$ and leg•¢ies Lh¢strKled luTrJs 2024 Restrted fuTrJs 2024 Total funds 2024 Donaiitins grants Other incoming resree$ Interesl on SU$ cash lunds 72.372 2.201 1.326 121.308 193.680 2,201 1,326 75.893 121.308 197.207 UrnestrKled fuTrJs 2023 R9StTgd furKIs 2023 Tolal funds 2023 Donations grants (Ahef resoueS 121.548 "4.916 .791 178.339 4.916 126.464 56.791 183.255 Page116
KESHET DIVEASITY UK {ACoffpany Limited by Guarant••l NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 AUGUST 2024 Anafy$l$ of expenditure on charllabl• Activities summary by fvnd ty Unrestrthd funds 2024 RestrKted fuThJs 2024 Total 2024 CharitatrAe activib¢S 63.952 139,879 203,831 UNe5trr funds 2023 Restri¢t¢d fuTrJ5 2023 Total 2023 Charrtat4e aaivits 140,526 47,080 187,606 Anotysls of oyndltur by •cllvltles Actmbes uThYertak8n dire¢Uy 2024 Supp)rt 5ts Total funds 2024 CharitatAe a¢tivitios 6.628 197.203 203.831 Actwrties undertaken direcuy 2023 Support Total funds 2023 2023 4,637 182.969 187.606 P48e117
KESHET DIVERSITY UK (A Conyany Llmhted by Guarantwl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analysls of expendlture by acllvlts {continutd) Analysls of dlrtct eots Total fuTrls 2024 Actmhes 2024 Stsff arKI volunteer eypgns¢5 6.628 6,628 Toial furKIs 2023 ActNities 2023 Swff arKJ volunieer ey&wws 4.637 4,637 Analysls of support costs Total funds 2024 ActivitEs 2024 Slaff costs DèprerialK)n Telepho and internet sktionery and k¥intiThJ Subscriptions Irtsura Legal and prof$$$wJnal fa¢$ Accountancy Advertising ar*J marketiryJ Stsff tr&ning Rent 163,539 163,539 604 428 428 Y93 1,542 590 7.773 3,000 993 1,542 590 7.773 3,000 834 1,264 16.636 1,264 16.636 197,203 197.203 Pa8e118
KESHEf DNERSITY UK (A Company Limlted by Guorantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 An•lysls of expenditwe by a¢¢i¥ities {vJntirwdl Anolysls ol supp¢xl cosls {conti1NdI Tolal lunds 2023 Adivilies Statt costs Depreoat Telephone and inter Bank charg•s Sundry costs Sub5cription5 Insuran Legal aThJ prolessional lees Ac¢xJunIaY Advertising rnark1ng IT Costs Staff train Rent 154.416 777 425 154.41 B 777 425 487 418 835 472 418 835 472 3.466 3.000 876 674 3,466 3.000 876 674 1.542 15,579 1.542 15.579 182,969 182.969 stsit costs 2024 2023 Wages and salaries Social 59oJrity ¢¥sts Pension o)sts 149,291 10.686 3,562 141,224 3,511 163.539 154,418 The average nUrn of per$S by the Conyny iJrir¥J Ihe year was as Idlows= 2024 No. 2023 No. Errwoyees No employee INed r¢muwalK)n alTIntiN4 to than £f.000 in eIr year. thjring the p¢rieA. kèy managÈtrrt Fef9JnW recweil total erTh)luments 01 £163.53912023'. £154,418) Pa8e119
KESHET DNERSITY UK {ACompany Limlted by Guararthe) NOTES TO THE FINANCIAL STATEMEirrs FOB THE YEAR ENDED 31 AUGUST 2024 Truslees. remuneratlon and expenses thjring the year, no Trustees receive(1 any rernunerats'on ry other bei[sI2023- £NILI. ring the year erkyed 31 August 2024. no Trus exponses b8¢n in¢yrr¢d12023- £NILI. Tanglble Ilxéd gss•ts equipmont Cost or Voluatlon Al 1 Septelthr 2023 3,707 At 31 Augu$1 2024 3.707 rroeiation At 1 SepteFrt)er 2023 Charge for thè yeaw 3,103 At 31 August 2024 3,707 t book At 31 August 2024 At 31 August 2023 Debtors 2024 2023 rJ• wllhin ong ye¥r Trade debt$ Prepayrnerts and aCUU income 35,510 21,249 539 36,054 21,788 Page120
KESHEf DIVERsrrY UK IA Company Limited by Gral NOTES TO TrIE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 AUGUST 2024 11K Crtdiiors: Amounts l•lling wllhon on• yr 2024 2023 Olher taxab"c¥) $al svrrtY Accruals aTrJ deferr&J Irome 2.370 3,514 3,549 43.500 5,B84 47,049 11. siat•mgni of fun Slat•ment ol lunds. curr•nt y•ar BaLance at 1 Sèptsmtr Balance at 31 Augu$t 2024 lrtomè Expernliture Unrèsitlet funds General Funds - lur¢ts $6.6S5 79,899 167.9531 68.601 R•strlet•d lund$ Shore5h l Aboard- Edutath Jewish Youth Fund Masorti Judaism The Chiklrn's Aky Ccynmthee The ChiklwKJt Tw5t Oxford & St Georgo's Jewish Youih Trust Charle5 and Lynn Schusterman FWMIY Philanthro5 Greenbaum Family FoUrlab"C The Little Butterfy FouThJathon Olher restricted lu*•ls 3,481 1,981 2.000 15,4621 I2.[) 13,ry)01 11,93211 {13,3331 15.orxii 19.C#)01 13.333 48.562 148.5621 124.0451 14.OLX)I 123,5451 3.545 18.571 121.308 1139,8791 Tot•1 ot funds 75.226 197.207 1203.8321 68,601 Pa8e121
KESHEf DNERsrrY UK IA Company LIMOt by Guaranto•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2024 11. Statement of lund$ (eoniinyed) Statwnènl ol lunds- prior year Balance at ante 1 Sepmber 2022 31 Augu51 223 FIorne Expendilure Unr•siriet•d lunds Gtnèral Funds- all funds 70.717 126.464 1140,5) 56.655 Restricted funds Shoresh All Ab)ard- Ethcation Masorti Judaism LGBT Consortiurn The Chilt1wiL Trust ford & St George's Jewsh Youth Trust Greenbaurn Farwbily Foulati[y1 Other restricted luThJs 1.981 3,481 3,810 1,0 S,CQO 13.8101 11.IXK)I 5.000 3,000 3.545 3.545 11,OCK)I 120.6351 120.1351 3.680 3.680 .791 147,0801 18,571 Totsl ol lunds 79.577 1&3,255 1187,6061 75,226 12. SUMM ot I$ Summary ol lunds. eun•nl y•w Balance at 1 September Balance at 31 Auoust 2024 Income Ex)ditur• Geneia) Ivnds Restr11 lunts 56.655 18,571 75,899 121,308 163,9531 1139,8791 68,601 75,226 197,207 1203,8321 68.601 P•8e122
KESHET DIVERSITY UK IA Compony LlmSt•d by Guaran1••} NOTES TO THE HNANCIAL STATEIAENTS FOA THE YEAR ENDED 31 AUGUST 2024 12. Summary of fumls Icontinuedl Sum•nary ol prior y••r Bance at 31 August 2023 1 Seplemtr 2022 lrtome E4)ènditur General fuThJs RestrKted funds 70.717 126.464 56.791 1140.5261 147.0801 56.655 18.571 79.577 183.255 1187.6061 75.226 13. Analysls of asts bet¥rteen lunds Analysls ot net •ss•ts b•tw••n lund$. eurrenl year Unrestred fu1$ 2024 Restrrl&J funds 2024 Total lunds 2024 Ta1b1 fixed a55ets Current assets CreditNs due within one year 74.485 15,8841 74,485 15,8841 Total 66.601 68,601 Analysls of rt ass•ts b•twa•n lunds- prSty UnreStr$d fuThJs 2023 Restr fund5 2023 Total funds 2023 Tangible fixed assets Current assets Cre(1ii¢ys within one aT 604 121,671 147,0491 103.11X) 147.0491 18,571 Totsi 56.655 18,571 75,226 Pa8e123
KESHET DNEFISITY UK (A ¢ony•ny Llmlted by Grantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR E14DE0 31 AUGUST 2024 Th8 company wrates a definwj contr1tKsn5 pension hrne. Thè assets of the scheme are held Separatsiy from thosè of the company In an independenuy administèred fuThJ. The pensiorn Cost charge repre5ent5 Contributions Parab by the company to lurKJ and amounted to £3,56212023." £3.5111. Contribul*Jns tolalling £514 12023.. £NILI werè payable io the luThl at the balarte sheet date and are inclu¢Je(l in cre(Ittors. Pa8e124