R•gktemd numbèr l)90391J80 Charfty nuffir. 116339 KESHET DIVERsrrY UK (A Cornpany Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 llllllllll *AF36?K. A14 COMPANIES HtyJSE Pagell
KESHET DIVERSITY UK IA Comp*ny Limited ty Guaranle•l Page Referen¢0 and Administrative (letails of the Company. its Tnt5 and Advisers Trustees. Report 4-10 Independent Examlnerfs Report 11 Statement of Flnanclal A¢tivltl•s 12 Balance Sheet 13 Notes to the Flnan¢ial Statem•Dts 14-24 Pa8e12
KESHET DIVERSI UK IA Company Llm6ted by Guar•n¢•e) REFERENCE AND ADPIII4STRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees S Saffer E Rosg R Moss DrJzrfr M Lewis A l Freedman (appointed 16 September 20251 G M Green (appointed 16 September 21Y251 S Shashoua (resigned 17 September 20241 S Solomon Ire$wJned 16 September 2025) E Berteen {resned 1 May 20251 Company roglstered number 09039080 Charity register•d numbor 1163398 Reglstered offlco Surte 86 176 Finch1 Road London NvfJ 6BT Accountants Simia Wall LLP Chartered A¢ntants 582 Honeypot Lane Slanmore HA7 1JS P4e13
KESHET DNERSITh UK IA Company Lwnlled by Guarantee TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present Iheir annual report tcJether with the financol stemenls of Keshet Diversty UK for Ihe rinancial year 1 September 2024 10 31 August 2025. The Annual Report serves the purposes of both a Trustees. report and a Directors. report under company lèw. The Trust ¢onfim that the Annual Report and firnCial statements of thfr ¢harable company compty with the current statutory requiraments. the requirements of the charitable company's goveming document and the provtsions of the Slalemenl of Rewmmended Practice ISORPI applicable to Charities preparin9 their acwunt$ in accordance with the Financial Reporting Standard applicable in Ihe UK and Republ of Ireland {FRS102) lse¢ond edikn.on effective 1 January 20191. Since the Company qUaIleS as small under Secbon 382 of the Companies Act 2CIX. Ihe Strategic Report required of medium and large Companies under th8 Companies Act 20¢% (Strategic Report and Directors, Report) Regulations 2013 has been omilted. ObSKtlvgs and actlvltles a. Pollcles and objectlves The charrty's princwf aims and objectives during the pemd were lo promote equahty and dwersty, to advance edu¢ati¢)n and eliminate discrinwnation in relion to ksbian. gay. bisexual and transgender ILGBT+l people in particular LGBT+ Jews wrthin the Jewish arKI wtsjer communty. These m$ were made possible by the income from charitable aclivrts perfomd and donation$ rewved. In shaping the obJ'e¢trth of the charity. the Tntstees have ¢onsKIed the Charty CcAnmission'$ guidance on public benefit b. Volunt•e The charty is grateful for the dedt)n and commitrnent of its 20 volunteer5 who were involved in training and education dwing the perityj. A¢hlev•ments and p•rfornian¢• Revlew of acthllles Donalions, Gfft re1Ved and other inccfr in the period totsl £209,45612024.' £197.207>. £195,669 12024.. £203.831) was pad <xrt on chantle xtivrties as descr)ed in the note S to the financial statements. The charity's recorded a surplus of £13.787 {In 2024 resourctt expended exceeded incoming resources by £6.625} The balance sheet 1$ posilive during the period wilh the main constituent part continuing lo be eash reserves. At the reporting. date. the charty had cash reseNes of £63.354. w(¢h general furKls of £82.388 and no restried funds. These reserves will be us&J in the fuiure for the obiethes of the charty. $pecifi¢alty lo increase capacty lo devd¢)p and deliver charitable activities. Pa8e14
KESHEf DIVERSITY UK (A Company Limited by Guarnnteel TRUSTEES. REPORT ICONnNUED FOR THE YEAR ENDED 31 AUGUST 2025 Achlevements and performance (continued) b. Summary of ¢harllable a¢tivitles Ke$helUK 1$ the UK'S onty e(ILKk)n and trainiry chafty working to ensure that no one is 1ced to choose btheen their Jewish identty and their LGBT+ Klentity. We work across the Jewish community from Refomi and Progressive through lo Orthodox spaces, ald in a wide range of settings induding xhools. youth groups. synagogues and communal organisations. Our approach is nevor one-size-ffts-all. Our woth is laikxed to the needs of the setting. In schools, we might deliver workshcps for young people on allyship. inclusion and preventing bU11n9. or train teachers lo adapt ¢urri¢ulum and ¢ree supp)rtive ¢las5Tooms. In youth ¢ygantsatKJns. we run $e55ions for young readers ar participants on creating welcoming environm8nts. In synagogue5 and MmUnal charities, such as care homes, we provide training advTrce to staff and members. helping them understand LG8T+ inclusion through Jewish lens and put it inlo prad. It has been another exlremety dwlknging year for thg Jthvth c(Thrunty as we continue to experience a rise in anlisemilic attacks. For rnY LGBT+ Jew5, the rise in antisemib.sm and uncertainty in the UK has often been ¢ompounded by fvdings of isolion or fear. and by questions abwl whether there is a place for them. Desprte this, in 20225. KeshetUK reached over 6.(MXI people across the UK through our education and training. This year we also had Trustees leave our Boar(I, and two rn0 join. Eve Berteen and Simon Solomon5 between them have given many years of servu and we wish them weu. New to the Board are Adam Freedman and Gemrna Green. who toth bling expertise and new per5te5. HhlIghts from our 2024r25 work in schools include: Delivered workshops and assembls for over 3.850 pupils 1•3ed 11>18 years) from five Jewish Secon schools. frfleen sewidary school Jewish s(¢1. and fve Jew$h primary s¢hoofs (Years 5 and 6- aged 111 years) Ran training for 85 secondary school staff. This indudes fourteen teachers from a number of dffterenl schcols via a teacher training progrn njn by the LSJS Worked with a group of Year 12 pupts * JCOSS as part of their 'Ambassadorf training programme, lo support them with content they were creating for youryr pupils. This culminated in a very successful series of carouse5 w0$hOp seSSn$ that the Y12 Ambassadors delivered to Y7 pupib, covering LGBT+ incluston and OVdIng hurtlul language Partnered wrth UJS to delNer workshops as part of the JAMS pro3rarTwne, usin9 a of KeshetUK workshop5 created specfficalty for Jewish soClIes in non?lsh secondary schoo15. We delivered JAMS wtykshops lo more than 330 pupils across ten h¢$, including Or in Glasgow Supported staff in a number of other Jewish schcM)Is to develop lesson clent and pastOTal approaches to improve inclusion for Jemsh LGBT+ pupils We also delrvered LGBT+ indusion tr•ning and $esstsis to nine youlh mo¥ementsl grwp$, MKluding". Leadership training to 88 young people. for FZY and No l$raeVEurope Tour training to 30 $enior1gaders. for BBYO, FZY. LJY. Noam and RSY-Netzer Summer pre<amp training to 122 leaders. for BBYO. Habonim Dror an¢J Noam Delivering workshops al Youn9 and Teen Limmud to 14 ywng people Wofking with synag¢yJues across the UK lo deliver cheder work$hops and Pr'neI mitzvah workshops lo over 40 young peop P8rtnering wth Ktsharon Lwtgdon to deliver irainm9 for 25 young adults in London Working with Union of Jewish Students to run two sessions for students from a wge of universities ross the UK. e&h facilitsling a discussion centn.ng on that week's Tijrah port Pa£elS
KESHET DIVERSITY UK A Company Limll•d by Guarante•) TRUSTEES. REPOJiT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Delivering training in person to 149 students at Jewish So¢beties including s1xiet at the Universities ol St Andrews. Leeds. Sheffield and UCL Our work with synagogues. communrtie5 and rabbis in 2024r25 included Inning for. In 202425 we delr¥ered workshops to over 2fJ) community stsff including.. Training to 60 staff membws * Holocaust EdalK)ft Trust on LGBT+ Inclusv)n through a Jewish lens. These sessitsns enabled participants to understand their role in fostering an inclusive environment for staff and volunleers, including to ensure HR sy5terns rnel the needs of LGBT+ staff Multiple workshops for Jewish Vlomen's Aid siaff on LGBT+ in¢lus#)n and underslantjing sex and gender identty. Training to 40 slaff at Kisharon Langdon whwe our volunteers shared their peonal leslimony on bwng LGBT+ and Jewish. These sessions were Very wel1eceNed and helped Ki8haron Langdon $laff urKlersland Ihe added complexities of LGBT+ Jewish lffts through an intersectional kns. In addition to formal workshops and training. KeshetUK also had a 9CessfUl presence at Limmud Festival 2024 in Birmingham. INe delivered a series of woth$hops on trans inclusion and sessions for parerts of LGBT+ youn9 people as well a3 hosling an LG8T+ socia space for attendees. Toward the end of our programmatK year. KeshetUK also worked with vdunteers on sharing their stories at the Rabbinic Training Academy as part of a panel event on being Jewish and LGBT+ This irnportanl event ensures that the nexl generation of Rabbi's have a deeper undeTStanding of the importance of LGBT+ inclusion within Jewish religious spaces. As aKvays, KeshelUK's gentle approach through conver5alK)n and n0TriUdgental curiosty was key in helpin9 build this important relatnshIp. Financial review - Going ¢onurn This year Ke5hetUK ¢onlinued to operate against th8 bxkdrop of the '¢ost of living cr1$, coupled with significant changes in the grant making landscap8 and the impxt of 7 October on Jewish charitab giving. This resuhed in some regular donations iedLKir4J. grants being reiluced or Cut attogether and increasing staff saaries to en$Ltre staff did rtol lose oul in real lenns. Alongside these challenges, like many oiganisaltrons many other costs rose due to hyh inflèlion. We continue to Like $ to mrtwale the risks and maximise the benefft to our beneficiaries during thts period. In 20225 we condLKted a spending review and laUhed lf first fundrasing strategy. We also ran our first ¢rowdfunder and took part in the Maccabi GB Fun Run for the first lime. As a result of savings made and inueased inme, we were ddighted to end thg year wrth a firwKHI sU1S for th8 first time Since 2020. Vvhilsl we are pleased with this outcome. we know we still have more hard work ahead of us lo ensure our financial sustainability into the ftrture. INe are Incredib prcmjd lo have buitt strong reLitionships with charitable trusts and foundations but recegnise that ovel8n¢e on a single income source L8 not sustainable for thè fuiure. Our lundr•ising strategy outlines our objectNes f 202&28 in three key areas.. Income diversrficalion through fundraising campaHJns, increased regular dOnatn$, coryjorate fundraising and diversfficatTron of our grantsltrusls portfol. Incne grovrth through trading by charging for servi$ provided under ComrNnity Life and Educ*ion and an increasetl number of Corporate engagements. Improved dcnor stewardship to enswe greater donor retention and IreaSed funds being made available lo Ke5helUK from all dorKws The Twstees expect the chanty to have enough resources to remain in exislen¢e for the fmseeable future. For this reason. they continue lo adopt the going concem basi$ in preparing the financk4 statements. Page16
I1•Er DNERsifi UK A Company Llml¢8d by Guarnntee) TRUSTEES. REPCfflT (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 b. Reseryes policy The charity previousty had a rewves of holdirwj funds equivaknl to six Th)nths expendrture. The Dire¢tors have eSts1lshed a nffiv reserves poty in March 2025 that requires the charty to hold reserves equivalent to 44 months. expenditure. At the reporting dale. unoslrthd ServeS are £82.388 and would cover over fbve months. expendrture. ¢. Principal funding The charity is principalty furded by donat$. Structurn. governance and management . Constitutlon The ¢harity is registered as a chaitable compary fimited by guarantee and was Set up by a Memorandum of Association on 14 May 2014. The ¢hanty 1$ constituted under a Mert¥)randum of A$Sl3110n dated 9 May 2014 and is a registered chanty numter 1163398. The ¢harrtabb2 Company wa5 incorporated on 14 May 2014 at CompanEs House. The principal oty'e¢t of the charity 1$ to provKle to prwote equalrty and diversty, advance education and eliminate discrimination in rdation to lesbian, gay, bisexual and transgender {LGBTI people in particular LGBT Jews within the Jewish and wider ¢ommunty by such means as the Trustees lime lo time dle. b. Melhods of appointment or election of Trustees The Trustses who seNed during the year .. S Saffer E Rose R Moss DrJZtff M Lewis A l Freedman (appointed 16 September 2025) G M Green {appointed 16 September 2025) S Shashoua (Tesigned 17 September 2024) S Solomon (resigned 16 September 2025) E Berteen (resigned 1 May 20251 The management of the chaity is the responsibilty of the Truste are ewed and cLwpled under the lenns of the Constillrtion. Under Ihe conSts"tUtfi Trusl&s are appointtrj for thr& years. One third of the Trustees retire annuauy and are ible for re-appointment. No Trustee received any remuneration for services as a trustee during the year. No Trustee had any beneficial interesl in any contrt wrth the chanty during the year. c. Polici•s adopt•d forthe induction and training of Trustees Existing Trustees brief new Trustees on the charity's aims aTrJ cjectTrrns. They are given a copy of the charity's constitution as well as the latest financial statents. They are also given literature aboul the charity, familiarised with our policies, and are directed tvwards the charty's websrte. This enab$ the Trustees lo fulfil their role in ne with the Charitw Act 2011. Pa8e17
KESHET DIVERSITY UK (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2026 d. Risk manag•meTht The Tru51ees have assessed the major risks to vthich the chanty ts exposed. in particular those related lo the operations arKI finances of the charity. and are satisfied that systems and procedure5 are in plxe to mrtigate our exposu lo the moJ¢y risks. ncluding.. Risk 1.. Insufficient volunleef recruitment and retention affecting Ke$helUK's ability to deliver its activities. Thi$ is mitigated through our volunteer recrurtrnenl. engagement and development aclivrties. with a named volunteer coordinator and considering a trustee wilh speufic resw)nsibilty for volunteer developmenL Risk 2". Von(eer or staff bum0 at all knls in the or9anisath)n, irKluding le•Jeiship. This is mitigated by prioritising actNrties so norSentiavnon-Ur9ent can be postponed or hekj, Spreading workload across the widest team pOssle, arKI through debriefing and supptyt activrties. 14Ve 3ko have one trustee who supports on HR issue5 specifically. and have contrxted extemalty for expert human resources suppJrt. Risk 3.. Lack of sufficient funds. This is mitigated throu9h our furMlraisin9 Strategy induding prioritising long-term regular donations. attracling major donoTS. expanding our grant WTiti"ng. expknring further opportunrties to increase trading income to ensure our longer4erm stabilty. Risk 4.. Secuiity risk lo Je4vTrsh communty, including our staff and volunteers following $tOrt of 2026 Israel-lran war and rise in violent antisemitic altacks xross the UK. This is mitigated through a careful risk assessment process and measures in place lo protect staffl¥c4unteer physul and psychological safety. Risk S". Inappropriate vdunteer or staff behavbwr which ¢oukl $Utt in hami to vulnerable people or Create reputational risk. This risk is minimised through Implting our safeguarding poliw, regular training opportunities for volunleerslstaff. a¥dIng unsupervised workin9 Wrth pOtentllY vulnerable Feople.. volunteerslstaff working in pairslgTOUPS wherever possible.. and supeThisbon and mentoring of newer volunleerslstaff by mre eXpernCed volunteerslstaff. Risk 6.. Irrw of the '¢osl of Irving, crisis. This has become easw lo quantsfy as lime has passed. Hthyever. we are $till unsure about the economic inpxt on our funders and how this may affect us. We are trying lo manage this risk through close engagement with our major donors and audiences for our work, and where Kh)ssible adapting our content and ddivery lo the evOlfi9 srf(uation. Pa8e18
KESHEf DIVERSITY UK (A Company Limited by Guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Plans for future periods Kesh8tUK's work conlinualty develops as our communty and wvjer evofves. Throughout the year wo measure our impact Ihrough Session evaluakn.on fom)s and feedback from everyone we work with to continualty improve our content as the year progresses. Our work for 202&26 has already begun and we already have some exciting projects pknned. In 20228 we will.. Launch our Belonging in Ritual Portal our newwebsite. This WIN en8kn the first stage of Our Belonging in Rrtual project where we will begin to colkite LGBT+ indu5ive ritual lemplales from across the UK. Work wth Communal partnets to tetter understand our and edu¢Kin Can support LGBT+ Jews seeking mental health support in London and Manchester InCaSe the number of organisat$ and peop we reach. We know things feel tough right now and we have an important role to play in supportin9 every part of our ct)mmunrty, wherevei they are. Share our success and impxt more. We Work hard throughout the year we want everyone to know who KeshetUK is and the iMt we are having across the UK. KeshelUK is also at a crossroads ¥then it comes to fimding as sc¥ne of ow ionterni lunders wish to move on to support other important Causes. As a resuh. our new fundraisiTrJ strategy and focus on financial sustsinabilty has never been more important lo help se¢uTe the future of KeshetUK and our vrtal work across the UK Jewish Community. Our fmancial goals for 20226 include.. A minimum of £5.000 raised through fundraisiThJ campaigns su¢h a$ ¢rdfvnderS, events and annual lundraisers building on the 5ceSS of our p3rti¢ipation in the Ma¢¢abi G8 Fun Run ènd our first crowdfvnder in 2025. Target of£16.000 ratsed through regular dc¥Wion$ via direct ¢Jebit or payroll gNing. We aim lo have a minimum of 35 regular rr)nthlY donors in 202>26. up frcrfn 27 in 20225. Raisin9 £167.000 VkA * least 17 grants. trusts and major donors. This i8 a higher totsl amunl spread across a WKler range of dorThs to safeguard our income. Over £5.000 raised through trajing income. Cost will never be a barrier to any organisatron working wrth KeshetUK, but where possle we wil ask for donations lo cover our costs Our voiunletts are key to KeshelUK'$ $u¢cess. and we wart lo enswe that we give them the same level of support and appreciation they show us. In 2024-25 we began lo devek)p our approach lo volunteer training and supp)rt lo ensure vdunteers are wekomed into KeshetUK fasler without ¢ompromi$ing ¢)n the qualty of our volunteer training prcJramme. We will continue to deveknp this approach wrth new learning materials. webinars to provbJe new skills fry their CVS. and regular la1 events to celebra¢e their a¢hveMents with KeshelUK. During 202&26 we wll also be launching our rw vclurrteer stra¢egy as we begin to better ulilise Volunteers across a wider range of roles al KeshetUK. We recogni5e that volunteering not only Supports KeshetUK. but provides volunteers wrth new opportunities. excitiNJ rw experiences ar transferable skills for a competitive job market. Members. liablllty The Members ofthe Company guarantee lo cmtribule w amcmjnt not exceeding £1 to assets ofthe Ccmpany in the event of winding up. Page19
KESHET OIVERsrrY UK IA Company LnI1 by Guarant••) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Statement of Trnstees. responslbilities The Trustees (who are aL%o the Directors of the CoMpY for the purposes of company law) are responsible for prepafing Kingdom the Trustees. Report and the financ1 statement5 in aecordance wlh applicable and United Accounting Stsndards (Unrted KirOrn Generalty Accepted Accounting Practice). Company law requires the Trustees lo prepare financial stslements for each financial year. Under company , the Trustees musl not approve the financral ststements unless they are sattsfied that they give a true and fair view ol the slate of affairs of its incoming resources and appltn of resources. including its income and expendrture, for that period. In preparing these financ statements, the Trustees are required to.. sdect suiLible accounting pole5 and then appty th?m consi8lentty.' observe the method$ and principles of the CharrfJ"es SORP (FRS 102},' make iudgments and a¢eountin9 estimates that a rea$0ble and prudent.. slats material whether applicable UK Accounting Standards IFRS 1021 have been f01bJ, subject to any departures disclosed and explaird in the finan¢ial sWerr*nt$', prepare the financial statements on the gowwj clywn basis unless il is inappropriate to presume that the Company will continue in business. The Company's Trustees are transactions respmsible keeping adequale accounting records that are suffKient to show and explan Cwipany's transactws and diKlo$e with reasonable a¢cura¢y at any time th firkincial position of the Company and enable them to ensure that the financial statements ¢ompty with the Companies Act 2006. They are also respt)nsible for safeguarding the assets of the Company and hence for laking reasonable steps for of fraud and other irwularittes. 15151 ZC Approved by order ofthe members oflhe 8oard of Trustees on ...... . . and Sgngd on their behow by.. Chair of the Board of Trustees PaBe 110
KESHEf DNERsffY UK (A Conwny LKnit•d by Guarnnt•el INDEPENDEKf EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Ind•p•ndent ExamiTherfs Report to th• Trnstees of Kh•t Diversity UK (Ih• C¢Mnpany'l I report lo the charrty Tntslees on my examinalth of the accounts of the Company for the year ended 31 August 2025. Responsibilities and 8asis of Report As the Trustees of the Ccffipany (and its directors for the purpose5 of Company lawl you are responsible for the preparation of the a¢coLFnts in accordance with the requirements of the Companies Act 2006 Dhe 2006 ACY). ts"$fied myself th#t the accounts of Ihe Ctynpany n¢A rewired lo be audited undw Part 16 of the 2006 Act and are eligible for irHJependenl examination. l port in respect of my examination tsf ihe Company's accounts carried out under section 145 of the Charities Act 2011 Cthe 2011 Act). In carryirvJ out my examination I have folowed the Directions given by the Charity Cirfnmission Lmder section 145(S)Ibl of the 2011 Ad. Independent Exle$ Statement I have completed ry gxamirlation. I confirn that matters have come to my altention in 7n9¢t1 tmth th& examination gNirKJ me Cause lo believe". a¢¢ounting records were not kept in respect of the Conyany as required by section 386 of the 2006 A¢( the accounts do not accord wilh those records: or the accounts do not ¢orroly with Ihe a¢¢ounlirrfJ requirements of seth.on 396 of the 2006 Acl other than any requiremenl that the accounts give a Irue and fairf vithv which is not a matter considered as part of an independent examin*ion'. or the ac¢ounts have not been prepared in accordance with the methods and principles of the Slalement of Recommended Prath"ce for accounting and reporting by Char$ lapplicable lo charrties preparing their actounts in accordance with the Financial Reporting Stsndard applicabbè in the UK and Republic cl Ireland {FRS 10211. I have no con¢ems and have come xro$$ no other matters in connection with the examination to which attention shouhj be drawn in this rep)rt in offjei to enable a proper undèrstanding of the accounts to be reached. This report is made solety lo the Company's Trustees. as a body. in x¢ordance witti Part 4 of Charities (Accounts and Reports) Regulati¢Jns 2008. My work has been undertaken so that I mwht slate lo the Company's Trustees those matters l am required to stste to them in an Independent Examiner's Report and for no other purpose. To the fultest extent pem)rtted by IWH. I do rnt xcept or assume SpOnsIbl1fy to anyone other than the Cc¥npany arKI the Companys Trustees as a b(Kly. for my work or for thi8 rep)rt. Simia Wall Nicholas Fisher Simi8 Wall LLP Chartered A¢intants Devonshire House 582 Honeyw l.ane Slanmore Middlesex HA7 1JS tÈvrn5lire Fbjse 582 Honey sOre. Middle5ex HA7 IJS Td 0208 732 5500 Emal". ffrJ ywiawan.coff. Date: Lf- 05- IC Pa8e 111
KESHET DNERStTY UK (A Company Lwnited by Guarantee) STATEME1 OF FINANCIAL ACTMTIES {INCORPORAnNG INCOME AND EXPENorruRE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2026 Unrestricted fvnds 2025 Restr fvnds 2025 Total funds 2025 Total funds 2024 Note Income from: DOnatn$. legacies & interest 127.287 82,169 209.456 197,207 Tolal income 127.287 82,169 209,456 197,207 Exp•ndilurn on: Chantable activit 113.500 82.1f>9 195,669 203,831 Total expendituv• 113,500 82,169 195.669 203.831 N•t movement In funds 13.787 13.787 {6,6251 RKon¢iliation of funds: Totsl fvnds brought fOard Nd movement in funds 68,601 13,787 68.601 13,787 75.226 {6.625) Total funds carried fomanl 82.388 82,388 68,601 The notes pages 14 to 24 fNm part of these fina1?1 $tatement$. Pa8e | 12
KESHEf DIVERSITY UK (A Company Limited by Guarantee) REGISTERED NUIABER: 09039080 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Flxed assets Tangible assets Current assets Debtors Cash at bank and rn hand 25.044 36.054 38,431 88.398 74,485 Creditors.. amtyjnts falling within one yeai 10 16,010) {S.8841 N•t ¢urr•nt as$•ts 82,388 68.601 Totsl net assets 82.388 68.601 Charity funds Restricted funds Unrestricted fund$ 82.388 68,601 Total lund5 82.388 68,601 The Company was enlilled lo exemption from audit under section 477 of the Companies Act 2Crf)6. The Mem[$ have not required the curpany to ¢lain an audié for the year in question in xcordance wrth seclion 476 of Ccrfrpans Act 2(. The Trustees acknowledge their responsi.1111es for comptying with the requirements of the Act with respect to aOUnn9 recor¢Js and preparation of financial statements. The financial statements have been prepared in acrdance wrth the provisions applicgble to enlrties subject to the small compans regime. The financial SteM Vlwe aFvoved and authoriwj for issue by the TAtee$ on and Sig on their behall by.. 815116 Chair of the Board of Trustees The notes on pages 14 to 24 fonn part ofthese financial sWemerts. Pa8e113
. KESHET DIVERSITY UK (A Company Limil•d by Guarant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ALIGUST 2025 General Infomylion Keshet Dwersty UK is a charitable company limiéed by guarantee and registered in England Wales. Its registered office is SLUte 86 176 FwKtibey Road. London. United Kingdom. NVfJ 6BT. Accountlng policies 2.1 Basis of preparation of financial $L)tements The financi81 ststements have been PrePad in a¢TanCe with Accounting and Reporting by Charities.. Statement of Recommerthd Practice apPI1b to chanties preparing their accounts in accordance with the Finan¢ial Rewjrting Standard applicab in the UK and Republic of Ireland IFRS 1021 Isecond Edition. effeclNe 1 January 20191. the Financial Reporkn"rs Standa¥d applicable in the UK and Republic of Ireland {FRS 1021. and the cOrnieS Ad 2006. Keshet Dbver5ty UK meets the definibon of a publt benefft entity under FRS 102. Assets and liabilili8S ere initialty renised * historical cosl or twsxtion value unless othepwise slated in the levant accounts.ng 1¢y. 2.2 Income All inccrfne ts recognised once the Company has entthment lo the In¢ce. it is probabk that the irorne will be re¢eNed and the amount of irKc¥ne receivab can be measured rdiably. Grants are included in the Statement of Financial Activit on a reCVable basis. The balance of irKome received for specffj Purposes but not expended during the perh)d is shown in the relevant funds on the Balance Sheet. Wnere income is re¢eive¢J in advance of entitlement of receipt, its 09n(lon is deferred and Incred in credrtors as deferred incon. whe entrtlemenl occurs before income is received. the income is a¢¢rwd. Income tax recoverable in relation io ¢*)nations rtrwve(l under Gift Atrj or deeds of Covenant is recognised at the time of the doTrat. 2.3 Expendlturn Expw)drture is recognised there is a lega or con$tnKb¥e c+JligatK>n lo ¢rafer econom benefft to a third p•ty. it ts probable that a transfer of e¢onomK benefits will be required in settlement and the amount of the obligation can be measured relklbty. ExpendrtLtrre is classffied by aclwty. The ¢osts of each ¥tivity are made up of the total of direct costs aThl shared costs. incILing support costs invofved in undertaking each xtivty. Direct costs attributabte lo a $ir¥Jle xtivty a allocated directly to that èclivty. Shared costs which contribute to more than activty and SUPFQrt Costs which are not attributable lo a single xtiwty are apwtioned between those activities on a basrs consistent with the use of resources. Central staff costs are alhxated on the basis of time spenl. and depreciath?n charges allocated on the wtion of the asset's U5 Support costs are costs incuffed to support thaiity's tivItIes. including project man4emenl carried out at Headquarters. Charitable acttvttses and G¢)vemance costs are costs incurred on the company's educational operations, inclu¥Jing SUPPOrt Costs and costs relating lo the govemarKe of the cornpany apportioned to charrtable clivrties. Page114
KESHET DIVERSITY UK IA Company Umited by Guarnnl•e} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 Accounting policies Icontinuod) 2.4 Gov¢mment snnts Govemment grants rding lo tJIe fixed assets are treated as d8fgrred incomg and released to the staterrn1 of Financial ActNities over the expected useful INes of the assets concerned. Other grants are credited to the Statement of Finan¢wl A01Mt as the reled experKlitufe * incurred. 2.5 Tangible fix•d assets and d•pr•ciation Tangible fixed assots are Carried * $( net of dePreClI0n and any provision ft)r Krpatm)ent. Depreciation is charged so as to t(ate Ihe cost of tangible fixed assets less their residual value over their estimated useful INes. using the slraght4ine ft(1. Depreciati is provhled on the foltrwing basi5: - 3 years Strighl line depreciJn 2.6 Debtors Trade aThJ other debtors are rewnised * the settlemen¢ annt after any Ira(le diswunt offered. Prepayments are valued at the amount prepaKI net of any trade discounts due. 2.7 C•$h at ond in hand Cash at bank a1 in hand includes cash and short-tenn hi9hty liquKI irNestments with a sh¢)rt maturty of three rTh)nlhs or from the date of acquisdion or opening of the deposit or similar account. 2.8 Liabilities •nd profftion Liabilf(ie5 are recognised when there is an obligation at the Balance Sheet date as a resuli of a past event, it probable th a transfer of economic benefit wll be required in settlement. and the amount of the settlement can be estimated rdk?bty. Liabilit8 we recognised at the amount that the c(ryy antKipes il will pay lo settle the debt or the amount il has received as advanced payments for the goods or seryices it musl provide. Provisions are measured at Ihe best e$time of the amounts required lo $etMe the obligation. Where the effect of ihe time value of money is material. the PTOV15ion is based on the presenl value of those amounts, di$eounted at lh¢ prn4ax discount rnte that rell¢¢ts the risks spe¢ifi¢ to the liability. Th¢ Unnding of the discount is re¢th3ni$ed in the Stment ol Fina181 Adiwlie5 as a finance ¢osL 2.9 P•n$ions The Company operates a defined Contribut pe3ft scheme and the pensk)n charge represents the am¢)unts payable by the Company lo the fund in respect of the year. Pa8e115
KESHET DNERSITY VK (A Company Llmlted by Guaranlee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng polkles leonllnuodl 2.10 Fund accounting General fvnds are uNestricted funds which are av•lable for use at the discrelion of the Trustees furtherance of the general (lectr of the Company and whh have not been designated for other PL*rposes. Restricted funds are funds which are to be used in cOrdsn¢e with specTfic restrictions imposed by donors or whh have been raised by the CcAnpany for PartULar purpose5. The costs of raBing and administering such funds are charged against the Speci fvnd. The aim and use of each restricted fvnd 1$ sel out in t notes to the financial ststements. In¢¢)m• from donatlons and l•gacies Unrestricted funds 2025 ReStrted funds 2025 Total funds 2025 Donations and grants Other incoming resources Bank intwest 117.780 8.141 82.169 199.949 8.141 1.366 127.287 82,169 209,456 Unrestricted funds 2024 ReStted funds 2024 Total funds 2024 Donations and grants Other incoming resources Bank interesl 72.372 2.201 121,308 193,680 2.201 1.326 1,326 75.899 121,308 197,207 Page116
KESHET DIVERSITY UK IA Company Umlled by Gu•ranl••} NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 AUGUST 2026 Analysls of •xpendltyrn on charttabl¢ A¢tN¢ties summary by fund type unreStrted RestrKted funds funds 2025 2025 Total 2025 Charitable activit 113.500 82.169 195,669 UnreStrted funds 2024 Restricted funds 2024 Total 2024 Charitable activities 63.952 139,879 203.831 Analysis of expendltuve by actlvities A¢tMties uTrJertaken directly 2025 Support costs 2025 Total funds 2025 Charitable actmi 7.639 188.030 195,669 undertaken diredty 2024 Support crysts Total funds 2024 2024 Chwitable xlivbt 6.628 197,203 203,831 Page117
KESHEf DIVERsrrY UK IA Company Limit•d by Guarantee) NOTES TO THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31 AUGUST 2025 Analysis of oxpenditurn by activiti05 (¢ontlnuedl Anatysls of dlrect costs Totsl fvnds 2025 ActNilies 2025 Staff and volunteer expenses 7,639 7.639 Total funds 2024 ActNilies 2024 Staff volunteer expenses 6.628 6.628 Analysis ol support costs Total nd5 2025 Actsvities 2025 Staff costs Telephone & Intem Bank char9es Stationery and printing 160.105 389 481 699 160.105 389 699 r li Subscitptions IT Costs Insurance Legal and prOfeSsn Accountancy Advertising & Matheting Staff training Rent 1,159 2,739 612 4,899 2.700 3.618 1.616 9,013 1.159 2.739 612 4.899 2.700 3.618 1.616 9.013 188,030 188,030 Page118
KESHEf DIVERsiff UK IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of expendlture by aclivilies (continuedl An•lysis of ¥upport costs Iconlinyed) Total funds 2024 ActNities 2024 Staff Costs DeprlatIon Telephone and intemet Stationery and printing Subs¢riptions Insurance Legal and professional fees Accountancy Advertising and marketing Staff trrining Rent 163.539 163,539 604 428 993 1.542 590 7,773 3.iy)o 834 1.2PA 16,636 428 993 1.542 590 7.773 3.000 834 1.264 16,636 197,203 197,203 Stsff eosts 2025 2024 Wages and salaries Social secunty costs Pensp)n costs 147.125 9,393 3,587 149,291 10,686 3,562 160,105 163,539 The average number of persons effhYed by the Company dunng the year was a5 follows.. 2025 No. 2024 Emph)yees No employee received femurratIOn amounting to than È60.000 in eilher year. During the period, key management perS(ffl received total wrM)luments of £160.105 {2024'. £163.539 Page119
KESHEf DIVERsrrY UK IA Company Lknited by Guar4nlee) NOTES TO THE FINANCIAL STATEI*NTS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees. remunerntlon and expenses Dwing the year. no Truslees received any remuneration or rther benefrts {2024- £NIL}. DurY•3 the year ended 31 AuSt 2025. no Truslee expenses have been incurred12024 - £NILI. Tangibl• fixed assets Office equipment Cos¢ or valuation At 1 September 2024 3.707 At 31 August 2025 3.707 Deprtrciation At 1 Septembgr 2024 Charg8 for the year 3.707 At 31 August 2025 3,707 Net book valu• Al 31 August 2024 At 31 August 2025 Debto 2025 2024 Due withln one ye Trade debtors 35.510 24.089 25.044 36,054 Pa8e120
KESHEf DIVERSITY UK IA Company Limited by Guarnnte•) NQTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. CredStors: Amounts falling due T*•thln one year 2025 2024 Olher taxation and social secunty Accruals and deferred uwrne 2,301 3.708 2.370 3.514 6.010 5.884 11. Stat•m•nt of fvnd$ Statement of fvnds- current at Balance * 1 Seplemter 2024 Balance at 31 August 2025 IKome Expenditure Unr•slrkled funds Genera Funds- all funds 68.601 127.287 (113.500) 82.388 R•stri¢ted funds l Aboard - Education Jewsh Youth Fund The Children's Aid Corffl)rttee Chades and Lynn Schusterman Fanty Philanthropies Greenbawn Family Foundation 1.500 2.000 6.667 (1.$00) {2.0001 (6.6671 46,002 26.000 146,002) {26.0(10) 82.169 182,169) Total ol funds 68,601 209.456 1195,669) 82,388 Page121
KESHET OIVERSIry UK (A Cornpany Limil•d by Guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11. Statement of lunds (continued) Statement of lunds. prlor year Balance at 1 September 2023 Balan ot 31 August 2024 Income Expendrture Unrestri¢t•d funds General Funds- all funds 56.655 79.899 167,9S3) 68,601 Restricted funds Shoresh All Aboard- Educatv)n Jewish Youth Fund Masorti Judaism The Chdren'S Aid Ccrfnmittee Oxford & St George's Je4wsh Youlh Tntsl Greenbaum Famity FourMlatK)n The Chilthlick Trust Chades and Lynn Schusterman Famty Philanthropies The Little Butterfy F¢yJrKlation Other restricted funds 3.481 1,981 15.462) 12.000) {3.000) {1,9321 (13,333) {9.000) (24.045) (S.(K*Jl 3.000 1.932 13.333 6.CN)O 20.500 3.WO 3.545 48.562 (48,5621 {4.0001 123,$45} 3,545 20.000 18.571 121,308 {139,879) Tolal of funds 75,226 197,207 1203.8321 68,601 12. Summary of funds Summary of funds. ¢un•nt year BalwKe al 1 September 2024 Balance at 31 August 2025 IrKome ExFenditure General funds RestiKted funds 68,601 127.287 82.169 {113,500) 182.169) 82.388 68,601 209,456 1195,6691 82,388 Page122
KESHET DIVERSITY UK IA Ct)mpany Lirnlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Swnm•ry oflunds {continu¢d Svmmary oflunds- prior y*•r Balance at 1 Seplernber 2023 Balance at 31 August 2024 Income Expenditure General funds Reslricled funds 56,655 18.571 75,899 121,308 163.953} (139,8791 68.601 75.226 197,207 (203,8321 68.601 13. Analysls of net assets b•twttn funds Analysis of net assets b•tw••n funds- ¢urr•nt year unresth.cted funds 2025 Restricted funds 2025 Total funds 2025 TanglIe fixed assets Curient assets Credrtors due wrthin one year 88,398 16.010) 88.398 16.010) Total 82.388 82.388 Analysis of not assets belfften funds- piior year Unrestricted funds 2n24 Restrthd funds Total fvnds 2024 Tangle fixed assets Current assets Credrtors due wrthin one year 74.485 15.8841 74,485 15.884) Total 68,601 68,601 Pa8e123
KESHET DIVERSITY UK IA Company Limthl by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S 14. Pension ¢ommitiMents The company operes a defined ¢trIbUtIonS pension Sche. The as$els of the schemè are held Separately from those of the corryany in an independently administered fund. The pension Cost chorge represents eonlributions payable by the company to the fund and aMnted lo £3.587 {2024.. £3.5621. Contribution$ lotalling £588 12024.. £514) We payabl8 to the fund at the balan¢e Sheet dale and are included in creditors. Page124