RCGISTERED COMPANY NUMBER: 10528655 {EnglAJI(I AtLd WAlts) REGISTEREDCHARITY NUMBER= 1175347 REPORT OF THE TRUSTE4 ES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YF.AR ENDLD 31 DECEMHTr;R 2023 FOR SADEH Grttn and Purplc Litnited Eluilding 1000 Cambridge Ile5¢airh Park 13each Drive Walei'bcach C￿nbridgCshlrC CB25 9PD SADEH CONTENTS or THE FINANCIAL STA1'CMCNTS FOR'I-IIE YEI AR FNDED 31 DTr;CIi.MBfi R 2023 Pag¢ Report of tlie Ti'iistees Independent FJxamiNer'5 RepDrt StAtemtnf ofFinAncÉAI Aetivilies HAlaiicc Slieet Notes to tlie FlninciAI SfAtements 8 10 14 Detailed Statenient of Financial Activi*it5 SADEI 11 REPORT OF THE TRUSTEES 4OlI'fHF, Y[4 AR f4 NDED 311)ECCMBF.R 2023 CEO'S FORWARD Rooted in Javish value8, Sadch proinot¢5 W>5Llivc environtn¢nlal rhangc IhTough Gultivaiitsn of the land and environmental edu¢aiion. Sadeli's ijiipacl is Ilie ei'ealioii of a vibrant Jeivisli coiiimiinily in th¢ UK connected kn and regiilai'ly accessing land. th¢ J¢ivi51J community adding lis voice 10 esscniial ivork miiigaling cliinale changc and %vorkitig for¢iivii'onJiicnlal soliilioiis and a cominunily Ivliich is skilled iii the inleiseclion of Judai51ll, land and envii'ontn¢nt ivhich inspires so¢ial and environmertial justice. lrt order 10 achicvc Iliese impacts, Sadeh runs a ivhole host of aclivilies using the farjn and the cenluiies old retreat space Ivhich has 2018 and Ive have giDivn and flouri5h¢d sinc¢ then. In 2023, Iliere ivere approxiiiiaiely 1000 i)eople coiiiing Ilirou21i Sadeli'8 dooT5, half of ivhorn iY¢re children 8rtd young people and il has ceitsinly been our mosi suceessful year of programming to dale. Highlighis of ihc year iticludcd Iliree felloivsliip programrnes run in Spring. Suiiimer and Auliimn. Our immersive felloiv5hip prOgr￿MMe aims lo connecl young J¢ivi5h adiilis iviih land ilirough earth-ba￿d Judai5tn, txpui¢nli81 learning and our inienlional cominunily. We s11.ive for thi5 to b¢ a ca¢aly51 foi. 50Gial ond environtneniol change in boih their o%Yn lives and ivider communiiies. The progTamine also aim8 to eneourage parlictpanls lo fcel safe ￿ld proiid of their Jcivish idcnlity ivhile equipping thein iyith the tools io copc ivith the challeJig¢s of antisemitism if they encounler it ivhich has been e5peGially iinpoitanl this pasl y¢qr. The felloiv5 came fiy)m very diver%¢ backgrounds and greiv kilos of vcgciables and fTUlI, dccpcntd Ihcir connection lo land and 10 eommunily. Other highlighis tncluded hoslttig groups frojii across the Jeivish comiiiuiiily from Ihe Ultra Orthodox coinmunily to those jusl discovering their Jeivish lierilage. We ivere also privileged to h051 other land-b&5ed and groivin8 focused corninunitie5 fiDm ivhotn ive can learn and ivork logeihEr 10 improv¢ biodiversily, groiving praciices and ivork loivards environmeijial solutions. 2023 ivas a year of abuiidant harve51 aiid yield iM)th in t¢rtll5 of produce and in ¢ducAtion#l output and iv¢ ar¢ lookin8 fonvard 10 building on this y¢ai' for the wtning year. STRUCTURE, GOVERNANCE AND MANAGEMENT Structure Sadeh 15 a registered charil>' and a coiiipany liiiiittd by guaTant¢e, regi51eTd in Englandondgtsvemed by u M¢moTandum and Arliclcs of A8￿CIation dated 16th Deccmber 2016. Covernanc¢ Riid Mali￿g¢￿ent Iti accordance Iviili the governing documeDI, ther¢ shall be not le$$ than livo DirecioT8 ai any iijne. Thc Dircciors, Ivho aTe Trusiees tor Charilies Act purposes. ar¢ nom)ally elected by the Inember5 of the coiiipany in a general Tn¢eling. Diirclors are appointed on th¢ basis of sp¢cific skills and knotvledge io ertablc ihem 10 Jnake a coniribution io Ihc managemcnl of Ihc charity. In order for Directors to undertake such Irsponsibililies, approprial¢ Charily CoinTni55ion public21ion8, lrt pariicular ihc booklet, The Essential Triislee '. What you need lo knoiv, 15 given to each Direcloi. a5 pari of their induction piDc¢ss. The Dtreclors ivho served diiring the year ivere as folloivs.. Danielle Oxtnham Julia Chai Daiiiel Flochhauser Clara SalTcr Jessica Ilobin50tI AIy55a Gilbert SADEH REPORT OFTHE TRUSTEES riOR'fHTr. YCI AR CI NDE4 D 31 DECEMBER 2023 STAI'EMENT ON PUIILIC BENEf4 IT Theobjeciives and 2cliviiieg clearly sel olll Ihe aclivilies ivhich ihecharily undertakes forthc public bcnefsl.'11ic Direciors Dfiriii that tliey have cornplied Iviih the duly irt section 4 tsfihe Chdi'ilies Att 2006 10 have due regard lo public benefit guidance publi51i¢d by the Comtnission in determining the activities un(l¢itak¢n by lh¢ ¢h4Tity. RISK ￿lANAGEMENT -Flie Direcloi% have revieived the majoi. aiid financial risks that impact on the ivork of the charity. Syslen)5 thai haye been established enable ihc directors io irviciv and lake ncccgsèry steps to Icssen ihesc risks. OBJECTIVES ANI) ACI'lVI'fiES Our eharitable objtcls air las defjned by our articles of associalion).. To advanc¢ the education of the publi¢ including in the ¢onservaiioni PToieGIion and itnprovemeni of the physical atKi nalural environn]ent iviihin a Jeivi5h etLYilY)nment atld eiho5' To advance the proirtolion of recreaiton or other leisure-lime occupation in the interests of social iyelfare ii'iih ihe object of improving ihe conditions of life., To advancc Ihe educalion of ehildren at]d yoiing people incliidillg by the provision of facilities for educational trip5 and activili¢s' and To advat)c¢ Ihc Jeivish religion for the b¢nefJt of the public. In each case. in a maiiner iyhsch 15 consistent iviih J￿Vish values and ethos. Sadeh's Ainis EnvironmcThtHI ¢du£atits Through our irsidcnlial fclloivship prograiii. oiir school trip5. our volunteer days and Inore. Ive piDvide environmental educalioii in a Jelvish conlext. We pull up carrots ivhile talking aboui hoiv planelaiy h¢alih wnn¢c15 Iviih hutnan healih, vhy looking after ihc ctivirownenl is so iiiipoitant. holy lo gel involved in outdoor aclivilies, Ivhal Jeivish agriciiliural ITadiiioii8 are aiid lois Jnoi'e. Regenerative Agricultui'e Wc praciice pI￿le1 fiist agriculiure from planting a variety of habitat5. to our no dig veg bcds, our fore51 garden and oiir Sadeh scitncc activiiitg. This also ittcludcs Inoniloringbiodivcrsily and conlribuling lo Ihe scientific study of r¢g¢ncralivc land man&geiii¢nl. I'hTS dYive5 th¢ d¢velopment (>f a wmmiinTty of individual8 iviih ihe knoivledge, expertise and cominiliiienl lo tackl¢ Ili¢ ¢nviroJunental challenge5 Ivhich face the huinark race. Comniuiiity building We engage iviih the ivider society on ¢nviTonmental issues. We pl&rt campaigns, and ivoi'k iviih oiheror88rti$aiion$ vliercvci. possible. deiiionslrating the Jeivish coiiimunity's con)milmenl lo environmental ju51i¢e. Jtwish vAILIts We look lo th¢ values of oui. Jeivish Iraditions artd our sirong heriiage of social jusiicc. Coiiibiniiig Ilie Icachitigof land Ivork iviih Jeivish ediicalion g¢n¢rales results in neiv leadership promoiin8 social justice. Tliis ii'ill support ihc dci'clopiiieiil ora slroiig Jelvisli cominiiiiily iii ilie UK J provide neiv ivay5 to engage iviili Judaism cr¢al¢ Jeivi5h l¢ad¢rs ivlio ivill bc eaialysis foi. posiiive social chatige. SADEII REPORTOFTIIETRUSTEES FOR THE YEAR ENDED 31 DECEMBEIR2023 FINANCIALREVIEW As previously indicated 2023 ivas a year in ivhich ihe chai'ity rcverled to ils core farjn focused aclivilies ivhile the reireat ¢enlr¢ is regularly u%ed io host group¥ foi. aivay days overni¥hi 51uys. 'lie farin incurred a net deficil befoir exceptional ilems of £¥.6k {2022 £75.5k surpliis}, eneclively absorbing losses Iliai in 2022 Ivould liave bEen repoiied as pail of the gucsthoiise as the I'elreal iiicome %Yas less Iliaii the guesihouse incoine. Hoivevei. Ihc ovcrall combined tomparaiive results ar¢ broadly Ihe satll¢. Grant and other voluntary incoine are key lo finaiicial viabilily iviih £144k being received in 2023. Wliile Managemeiil cotttinues lo ivoi'k on fiJndraTsing they also rerogni5e the n¢¢d io rediice dependenc>, heiE by incirasing retreat gi'oups aiid regular iiicoine aveniies such as a neiv income stream Ihrough hiring out livo of Ihe rooin$ 10 t local small for¢51 srhool. Overhead cosl Tediiclion opportiinilie5 are also beiiig pursued and 2024 is seeiiig positive devclopmcjils in Ihesc areas. The budget is a closc 10 brtak-cvcn Irsiili and rcscrvts of £79k are sufficient lo alloiv Sad¢h lo ￿ntinUe lo rebuild and slrenglhcn a financial pcrforinancc Ilial ivas hisloricall), iinpacicd by Col'id 19 artd its aflci-maih. Rtgislti'ed oifjtt Building 1000 Cambridge Re$ear¢h PaTk Beach l)rive WaiLrbcach Catnbridgeshire CB25 9PD Tj'uslees J S Chain P Get%huny D Ilocliliauser D Oxejiliaiii J Robingon C Sotyer Independent ExAminer Grccn aiid Purple Liiniied ]4uil(ling 1000 C?iiibi'id8e R¢sewrh PaTk Beacli Drive Waierbeach Cambridgeghire CB25 9PD Approved by order ofihe knard ofirustees on 28 August 2024 and signed on its bchalf l>y'. J S Chain- Ti￿Slee INDEPENDEN'f EXAMINLPlItS RElJOlI'i ro'rHTr: I'IIUSTEES OF SADEH Iniltptnd¢nt ex8minci' s report to tlie triistees of SRdeli {'the Conipany'l I rcport lo Ilie cliarily Injstees on my exatnin?lioii of Ili¢ accounts of Il)¢ Cojnpajiy for Ihc yeareiided 31 Detemb¢r 2023. Responssbilitie5 basis of repoi't As Ilie ch8Tily's Inis1¢¢5 of Ilic Company laJJd also lis directors for th¢ putP05¢5 of company laivl you are responsible for the preparation ofihe accolirt￿ in accordante ivitli the requircinejils of Ilie Compaiiies Acl 2006 {'Ihe 2006 AGI'I. Having satisfied Iny5¢1f Iliai the accoiijils ofihe Coinparty are not reqiiired lo bt audited under Parl 16 ofiiic 2006 Aci alld arc cligible for itidcpenderti examirtalioii, I report iii rcspcct of iny cxajninalion of your chaTlty's a¢¢ounls 35 catri¢d oiil iiiidcr scciioti 145 of Ilie Chaiilies Act 2011 I'ilie 2011 Act). In canying out Jny examinaiion I liave followed the Directions giv¢ii by the Cliarsty Commi55ioii uiider section 145151 Ibl ofihe 2011 Acl. I have cotnpl¢t¢d n)y exjiiiinalioii. I coiifiTm that llo tnallcrshave come tomyaiieniiort in¢onn¢ctson iviih Ilieexaminalion giving m¢ cause to b¢li¢ve'. accouniing reeords were not k¢pl in r¢5p¢cI of the Coinpany as rcquired by section 386 of the 2006 Act., or the at¢oiinis do not accord iviih Iliose records., or Ilie accounts do not comply iviili the accoiittiirtg Tequir¢rn¢nls of ￿ctIOn 396 of Ihc 2006 Act other than arty rcquirejnelll that Ihe accoiinis give a Itve and faiT view which as not a matter cojisidered as part of att indepeiideiil ex2mirtalion', or th¢ accouiils havc iiol bceii prcparcd in accordance with the meiliods PTinciple5 of Ihc Slalcment of Recon)rnended Praclicc for accounting and reporling by ¢hatitI¢5 (applicable lo charilies prepariiig their aecoiinis iji accordatice ivilh the Financial RepoTliiig Standard applicable ill Ihc UK and Rcpiiblic of Ireland (fRS 10211. I hav¢ no concetns aiid have cotnc acr055 110 other matters irt conneciiort with the ¢xgThinalion lo ivhich alleiilion should b¢ dTawn in ¢hi5 r¢porl itl order lo enable a propcr ujiderslanding ofihe accourti$ its b¢ T¢aclied. Kaiharine Beni FCCA Green and Piirple Limited Iluildiiig 1000 Cainbridge R¢s¢arch Park J4cach Drive Walcrbcach Cambridges]iire CB25 9PD Dale.. ..5..1.91.aoJ4: SADEH s.rA'1'F￿1ri N-r or ri INANCIAL ACTIVITIES FOR'fiiE YEI AR CI NDLI l) Ji Dri Cli MIIL4 R 2023 2023 Total riinds 2022 Uni'eslrieted fun Resti'icted flind fiillds Notes INCOME FROM Cliarilable activilie5 17 192076 176 668 EXPENDITURE ON Education and Felloiv5hip Programme C051 of generating funds Support wsls 171,521 24,908 5,779 196,429 5,779 103.253 3.189 Total 182 979 228 113 IYET INCOMEI{EXPEIYDITUREI (6,311) (2,293) {8,604) 76.509 Exccplional ilejiis (5,7221 {5,722) (128.616) RRCONCILIATIONOF FUNDS TotRI funds brouglit forward 91.179 2.293 93,472 145.579 TOTAL FUNDS CARRIED f4ORWARD The notes fo]m POTI ofihese financial slaicjnents SADEII BALANCE SHEET 31 DECEMBER2023 2023 Totpl fuiids 2022 Tolwl fuiids Unrestricted R¢5trieted fiind Notes FIXb:D ASSTr,TS l angible asse15 Investments 25,958 100 25,958 100 47,276 100 26,058 26.058 47,376 CURRENT ASSETS Debiois Casli at bank and in hand 10 10,546 10,546 6,420 74,851 74,851 70,647 CRED11'0RS Ainounis falling dlle ivithin oneyear 121,763) (21.7631 (24,5511 NET CURRENT ASSETS TOI'AI, ASSL41'S LESS CURRENT LIABILITIES 79,146 79.146 93.472 NET ASSK1'S FUNDS Unresiricled funds Resiricted funds 79.146 91.179 TOTAL FUNDS The Gharilable cotnpany is eniiiled 10 ¢x¢mpiion from audit under Section 477 ofthe Companies Aci 2Q06 for ihe year ended 31 December 2023. The members have noi required the company to obtain an aiidit of ils financial stal¢m¢nt5 for the year ended 31 Deceinber 2023 in aGcordanr¢ iviih Seciion 476 of the Comwdnies Aci 2QO6. Thetruste¢s a¢knoivledEe iheirresponsibiliiies for la) ¢n5urin8 th41 the choriiubl¢ Company keeps accounlinB reeords Ihat comply ivith Sections 386 and 387 of the Companirs Aci 2006 and prcparing financial sialcmcnls ivhich givc a liuc at]d fair i'iciv of Ilie slate of affaiiE of the charilablc company as 81 the ertd of each fittancial year and of ils siirplus or dcfjcit for each fiiiancial year in accoixlance Iviili the IEquiremenis ofseclions 394 and 395 and %Yhicli olliei'ivise coinply iviili Ihe requireiiienls of ihe Coinpanies Act 2006 ielaiing 10 fJna]icial staletnejits. so fai. as applicable io Ihe eharilable compaiiy. Ibl The note5 fomi part of these fiiiaiicial stal¢menls SADEH BALANCR SHLI LIT- coiitinued 31 DECE￿IllER 2023 I'hesc financial slalcincnls have been prepared in a¢cordanG¢ iviih the proi'ision5 applicable lo chaiilable cornpanies siibject 10 Ihe sinall companies r¢gim¢. The financial 51alemenls ivcreapprovcd by Ihe Board ofTrustee$ and ouihorised foT issueorh and ivcrc signed on its behaifby.. 28 August 2024 J S Chain- Trustee The note5 foiTh p￿1 of these financial slalemeMIs SADEH NOTES TO THE FINANCIAL S'I'A'fEMEN1'S roR'I'HK YI.;AR Tr:NDLID31 DECEMIIER2023 Accoiinting policie5 Basi5 of preparing tlie finaiiciwl stRtements Tlie finaiicial slalcincnls of Ihc cliarilablc coinpany. Ivhich is a public bencfil enlily under rii8 102, have b¢¢n prcparcd in accordancc iviili Ihc Cliarili¢s.SORP (FRS 102)'AccounliDg and Reporting by Cliai'ilies.. Sialement of Recommertded Pi'aciiee applicahl¢ lo Gliai'ilies PT¢pariiig their accouii15 in accordance iviih Ilie Financial Reporting Standard &pplicabl¢ in the UK and Rcpublie of li.c1￿ld IFRS 1021 Icfftclivc I Saniiary 20191., Finanfjial Rcporling Siandaiyl 102'Tlic Financial Reporting SianddTd appli¢abl¢ in the UK and Ilepublic of Ireland, and Ili¢ Companies Act 2006. The financiol $iai¢ments huve bren PTep&r¢d underthe historical cosl convention. Pi'ei)ai'atioll of eonsolidRted finAnciAI slAfements The financial siaiemenls coniain irtfoi'maiitsn about Sadeh a5 an individual coinpany and do nol contain consolidated financial infoimalioii as Ilie pareiil of a gi'oup. Tlie chariiy is cxcmpt undtr Stciion 39912A) of Ihe Coinpanies Act 2006 frojn the requirements lo preparc consolidated financial $iatem¢nis. Intomt Voluntary in¢ome i5 ￿ceIVed by ivay ofdonalion5 andgift5 and is includcd in ihe Stalemeni of Financial Atlivilies Ivhen receivable. 'fhe income from fundiTrising ventures is shoivn gross, iyiih ihe associated to$is included in fundraising costs. Inwtne fiDm paliDn5 and tDemiKT5 is Ircognised in the period lo ivhich is relates. Incoiiie is dcfcrrcd onl>, Ivhen Ihe Trusi has to fulfil ils conditions befoiE becorning entitled lo li oi. Ivhett ihe donoT has specifie(I th¢ In￿￿111¢ 15 to be expended in a fulure period. GiTrnt income 15 recog￿15¢￿ on r¢c¢ipl or oihenvi5e if the charity has been notified of an iJnpendinE distribution, the amount 15 knoivn, and receipt is ¢xp¢cted. Expellditui Fundraising expenditure comprise5 C05t5 inCUr￿d in Ihe 51agiiig of general fundraising events. Administration and labour cxpct)diture includcs all expendiiure not diretily Telaied lo Ihr thwitable aGlivity of rundrai$ing veniu¥es. All oilier expenditur¢ iiicludes all expendilure directly rclaiing to the daily rutjning of Ihe ¢h8Tity, Renta15 pay&bl¢ under opeiBling leases, incliiding any lease incentives received. are charged as an cxpense on o 5tiaighi line basis over Ihe leThn of Ihe Irlevanl lease. TaJJgiblE fixod a55ots Tangible fixed a55e15 al'e initially Ineasured at cost and subsequenily Jneasured al cosl or valuation, of d¢preciaiiotJ and an), iinpairmeni losses. Deprecialioti 15 ry08ni5¢d 50 ￿ 10 ivrit¢ off the cost or valuation of a55els le55 their I'esidual values oi'er Iheir usefullsves on IIiE folloiving ba5¢5'. Planl and equipineni Fixtures and fitting5 IT cquipiiieni Motor velJicl&s 20Yo Siraighi line basis 20Yo Siiai8hi IiD¢ basi5 20Yts Siiaighi line bosi5 20Yts Siiatghi line basis The gain or loss ariging oji Ilje disposal oran assci is dclcmiined as Ihe diiference beiiv¢¢n lh¢ Sale PToceed5 &nd th¢ carTying value of th¢ ?55¢1, and is r¢cogni5ed in n¢1 inwinellexpendiluiE} for the yeai.. 'he assets, I'esidiial valiie5 aiid iiseful lives are Iri'i¢iYed. aiid adjusl¢d, if approprial& al Ilic end ofeach TeKX)Tling period. The eifcct of ￿lY cliange is accounted for prospeciively. SADEH NOTES l-o-fiiE fiINAIYCIALSTA'fEMENTS- conlinue(I FOR THEYEAR ENDED 31 DECEMBER2023 Attoiihtlng politlts- tontiniie(I TAngible fixed assels Ai tach rLworiiIig cIid date, Ihe Trust Itvieivs the earrying atnounls of ils l?ngible a&se15 lo deltrniine ivheiher Iherr is any indiralion Ihal those a55¢15 have 5uff¢rd an itnpairmenl loss. If any such iiidicalion exists. Ihe coverable aiiioi)nl of (lie asset 15 e51iiiial¢d iii oi'dei. to deleiJnine the exlenl of Ilie iiiip2iriiienl loss lif any). Taiation I'he charity 15 exempl frotn corporation lax on ils charitable aclivLIi¢s. Funds xttountitt% Fund5 lield by the trust are.. Unirslriclcd gcnci'al funds - these are funds that can be used in accordance ivilh the thariiabl¢ obj¢¢is, at ihe di%ci'eiion ofihe Ctsuncil. Rcslrictcd fiinds- represcnl income ivhich Ènaybe expended only on those resiricted objetls provided in the t¢rrns of a li'LisI or bcquesi, or donaliotis or grattis received or inviied ftsi. a %pecifi¢ pui'piise. ThE8e fvnds can only be spcnl on th¢ 5￿CIfIC purpose foi. Ivhich they iveir given. Any balance I'emaiiiing uiispent Jiiilst bc carried foThvard as a balaiice on Ihar for ftjliirc cxpciiditurc on Iliat spccific purrK)se. oi. reiumed,. it canntsi be absoTbed into genei'al fiinds. Employee benefits Tlie cost of aiiy uniised holiday enliileinenl 15 recognised in the period in ivhich the employec's services are received. Tertllinalion be￿¢fitS are ￿COgnIsed iminedialely a5 an expense iyhen the I'ru51 is deinon51rably eommilled to l¢rininate the employmcnt of an employee or to pix>vide le17ninalion benefjls. lJJve$tmertts in $ub$idiHvie$ Investments in subsidiaries aiE held as cost le88 impaimieni. CritÉcal accoiintiiig e5¢imale5 aijd ju(Igenieiits In lh¢ applicalion of the Tru51'5 accounting poliGi¢5, the Truste¢5 al'e IEquired to make judgements. esliinalcs and assumptions about Ihe carrying amoutil of assets and liabilitics Ilial arc not rcadily apparcttl from oiher sou]tes. Tlic cstiinatcs and associated assumpliot)s are based on historical cxperience and oiher faciors Ihai ar¢ cottsidered lo bc relevant. Actual resulis niay ditTcr from ihcsc cstimaics. The esliinate5 and iinderlying a55uiiiplion5 are revieived on an ongoiiig basi5. Revisioiis lo accounting e51imales arc reeogniscd iii ihc period iii ¥i,hicli ihc tsliinaic is rcviscd ivherc Ilie revision affLcis only Ihat pEriod, oi. in the period of the revision and fulure peTiod5 %vh¢re lh¢ revision affects i¥)Ih current and fi)lure period5. SADEH NOTES TO TIIE FIIYANCIALSTATEMENTS- coiilijiued FOR THE YEAR ENDED31 DECEMBER 2023 Intome fJ'onJ chAvitAblt Activities 2023 TolAI activilie5 2022 TotAI Donaliolls Evcnls iiicojne Oiher reccipts Earned income Gr4n15 SivitD]ning pool hire 14.855 3.650 176 40,742 130.695 83.124 2,504 358 6,412 99.678 Net Intomel{txptndlfiirtl Net incomellexpendiluir} is staled afterCh￿%1nEl(CredI1Ikg)'. 2023 2022 Depreciation- oivntd a55et5 Triisfees remunerAtioii And benefits There ivere no tiuslees, remuneration or other b¢nefils for the year ended 31 Deeember 2023 nor for Ihe year ended 31 December 2022. Tru5¢ees' expen5e5 Certaits memL*rs of Ihc Couneil are reimburstd for reasonable expenses irtcurred by ihem in ¢atTying out Iheir dlliies for the TTUSI. AveiHge numbei. of eniployee5 The av¢)Bg¢ tnonihly numbBrof etDploye¢s during Iheyearivas 412022- 51. Co￿paratIveS foi. the statement of financial activities Unre5ti'icte(I fund Re51ricted Total INCOME FROM Charilable aclivi11¢5 167076 192 076 Total 167 076 192 076 EXPENDITURE ON Education aiid Felloivship Pro8TarnTne Cost of geticraliiig funds Suppoil costs 85,912 17,341 3.189 103.253 3.189 Toknl io NOTES TO TIIE FINANCIALSTATEMENTS- confiiiiie FOR THE YEAR ENDED 31 DECEMBER 2023 CompArAtives for the sfAteiJieiit or rin#iiti*l Attivlties- contlnut Urtre5ti'icttd funil Rcstritttd TotAI rund5 NET INCOMEIIEXPENDITUREI 80,011 {3,502) 76509 ExeepfionAI items (128.6161 1128.6161 RECONCILIATION OF FUNDS Total fu]Jds bi'ought forwxnl 139,784 5,795 145,579 TOTAL FUNDS CARRIED fiORWARD TAiigible fixed Assets Fixfui'es ttd ritling5 Plaiit mRchinery MDtor v¢hic1¢5 CoThiiute equipment TolA15 Cost Al l January 2023 Addilioos 104,789 660 (A5 111.275 Al 31 Deccjnber 2023 104 789 660 112367 Depreciation Al l January 2023 Charge for y&ryr 2,908 60,248 520 132 323 250 63,999 At 31 Deceiiiber 2023 652 573 Nel book value Ai 31 Dectinbtr 2023 Ai 31 Deceinber 2022 Investments gi'oitp lldei**kings At l JatLUUTy 2023 and 31 D¢ceinb¢r 2023 Not book valuc Ai 31 Deceinber 2023 Al 31 December 2022 Tliere ii'ere no inve8lmeiils oiilside Ili¢ UK. SADfiH NOTES TO THE FIIYAIYCIAL STATETrIENTS- COlLtiiiue IOR THE YEAR EIYDED3I DECEMBER 2023 Fixtd #sstt liivestmertts tothtlthued Thc cotnpatiy's inveslmenls at the balallcc sli¢¢t date in thc sliarc capital of colli￿1leS illcliide Ilie folloiving.. SAdeh Farinhouse ljimited Rcgislcrcd office.. Buildiiig 1000, Cambridg¢ Research Park, Beach Drive, Walcrb¢ach, Cainbridgesliire, CB25 9PD CIASS of sliAres: Otdinary holding 2023 2022 Aggregate capital and iE5eives Profitl{lossl for Ihe year 100 (5,622) io. Dtbtors: Amourtfs fAlllrtg dLLe within ont yeAr 2023 2022 Trade deblors Pirpayni¢nlS and a¢¢rued income 4,433 500 ii. Creditors: Amounts fAlling dme withiti one yeAr 2023 2022 Ti'ad¢ creditors Social security and olhcr t&xe8 Other cr¢dilor% Accruals and deferred income 10.999 1,897 084 6.528 1.808 215 12. Leasing Agreenjents MiniTnum lease paytn¢nis undeT ntsn-cartcellabl¢ operaiing lease$ fo11 du¢ as folloivs.. 2023 2022 Wilhin oneyear Beliveen one and five year5 In li10￿ tliun five 100 317 100 400 17 NOTESTOTHE f4lNANCIALSTATE4MENTS-continued FOR THE YEAR ENDED 31 DLI c.￿:￿11)￿:11l0lj 13. Movemeiit in fiiijds Net mov¢ni¢nt At At 1.1.23 31.12.23 Uthrestriitcd fund5 Ciencral fund 91.179 {12,033) 79,146 Restritted funds Rcslricied fund 2.293 (2,293) TOTAL FUNDS Nel movcmenl in funds, included irt ihe abovr ar¢ as folloiY5- Ineoming re50urce5 Re50uI'ces Moveiijeiif Uni¢stricled fund5 General fund 176,668 1188,701) (12.033) Restritted fllnds Rcslriclcd fund 42,841 145.134) {2,293) TOTALFUNDS CoinpAfAtives for inoyemenl in flinds Ntt movemeiit ill flind5 Af At 1.1.22 31.12.22 Uniyslricted fund5 Gener41 fund 139.784 {48,605) 91,179 R¢stri¢t¢d fund5 Resiricied fund 5.795 (3.502} 2,293 TOTAL FUNDS 13 SADLI Fl NOTES TO THE FINANCIAL STATEMENTS- contiiiued FOR THE YLIAR ENDED31 DECEMBER2023 13. Movement in fund5- Corttirtutii Coinparalive net movem¢nl in funds. includcd in th¢ above are as folloivs.. Resoui'ce5 eKI)endtd Movenieiit resourees Uni'estricted fund5 Gcneral fvr 167,076 1215,681) {48,0051 Resti'ict¢d fund5 R¢51rict¢d fvnd 25,000 128,5021 13.502} TOTALFUNDS 14. RelRled PArty disclosiire5 During the year the charity provided a loan to Sadeh fanllh0115e Limited, a IOOVO subsidiary of Sad¢h. A loan of £5,722 (2022.. £128,616) fiy)m Sadeh lo Sadeh farJn110115e Liinited ivas ivi'itten off diii'ing the year as this loan 15 noi reeoverable. No inlcrcsl ivas cliargcd on ihc loan during Ihc year. Al 31 Deccjjibcr 2023 Sadcl) oiycd Sadeh FaTmhous¢ Limited £IQO (2022.. £Nil). The charity purchased fixed assets from Sadeh Farmhouse Limited during Ihe year. thes¢ ivere purchased al their nei book value of £1,092. During the yeai. a salary IV￿ paid to T Chain, the daughier of J Chain ivho is a Tru51ee and Chaii. of the boa1￿ of Iriisiccs. A giY)ss salary of £28,00012022.. £28.000) Ivas paid lo'l. Chatn during Ilie year. £Nil (2022.. £12,820} of this amount ivas iEcli21'gcd lo Sadcli Farjnhoiise Litniled. 15. Share cApitfil The tru51 ss limiled by gu&r?nle¥ iviihoul any 5haTe capital. Tn the cverti of Ihc T￿st bcing ivound up, tdch meinbcr is liable lo coiili'ibule foi. Ilie payin¢nl of the debis and liabilities of tli¢ Tr1151 of such amount a5 illay be requiiEd, bul not txceediiig £10. 14 SAI)kH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEI*IBER 2023 2023 2022 INCOME 14,855 3,650 176 40.742 130.695 83,124 2,504 358 6,412 99,678 Evcnig incoine Other receipts Larned incoine Giwils Sivimiming pool hire 219 509 192 076 Total ilico￿l￿g iYsource5 219.509 192.076 RXPENDITURE Wage5 Legal and professional Educator and cvcnls cosls Motor, lixvcl & i'oliiijlccr cxps Sialion¢ry & abl¢ Sivimining pool Costs Deprecièiion of iartgible fjxed assets 75 228.113 115567 Other Exceptional itejns 5.722 128.616 Tot81 resources expended 244 183 Net incomel lexpeiiditurel 'his page does nol forin part of the 51aluloi.y finat)cial slatetn￿lls