Charfty Reglstratlon No. 1177435
CoM￿n¥ Regfjstratlon No. 10924797 (England and Waksl
EDUCATING FOR IMPAcr
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

EDUCATING FOR IMPAcr
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
JDpllp Aflalo
Kate Goldberg
Prof. David Seymour L3tthman
Ronald Stephen Lauder
knhua Isaac Spinner
Diego ￿niqUe
Charhy number
1177435
Comparry rtum￿r
10924797
Re8i#eted office
Atre House
11-15 William Road
London
NWI 3ER
Unlted Kingdom
Audltor
HW Flsher Audit
kre House
11-15 William Road
London
NWI 3ER
United Kin8dom
Oanke
Meiro Bank
One Southampion Row
London
WCIB SHA
United Kinedom

EDUCATING FOR IMPAcr
CONTENTS
Trustees, report
St3tement of Tru5tee5' respOn%￿.11t1eS
Independent auditor'5 report
statement of financlal actSvS1ies
Balance sheet
io
Statement ot￿Sh flows
li
Noies ro rhe finaTrcial ststements
12-17

EDUCATING FOR IMPAcr
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 AUGUST2024
The Trustees present their report and financial staiements lor theye3r ended 31 August 2024.
The financI31 statements have been prepared in accordance with the accouTrting policies set aut in note i to the financial
statements and comply with the Charity's Articles of Association. the Companies Act 2006 and "Accounting and Reporting by
Charities.. Statement c>f Recommended Practice applicable to charities preparing their accounts In accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFR5 1021 (effective l January 20191..
Objtctives and activities
The charitable purposes for Educating for Impact I'EFI'I are..
The advancemenr of education in the fields ol Jewish Himory. Jewsh tradition at)d Jewish Cult￿re and the advancement of
the Jewish fairh with particular focus on the development of the curriculum, and teachin8 methods, In Jewish schools and
educational establishments throughout Europe., and
The furtherance of such charitable purposes as theTrustees in thefjr absc4ute disCret￿n see fiL
EFI'S mission is to underwrite the continued. successlul existen￿ of attive Communiiies in Europe through education, amon8
other facets of Jewish life.
A5 a result of EFI completing its init￿1 scope ol work wrth 18 cities and working with 8 communities on plannini strate8lcallyfor
their future, the program has successfully 5UPPOrted communities wilh skills development, knowledge and resources towards
becorning sufficiently sustainable rhat they can continue wiihour rhe support of EFI. This was part of the original purpose of ihe
iniiiative. Accordingly, in 2025. rhe Trustees hawe decided io begin the process of completina it5 obli8ation5 Wlth the communities
with which li work5 and io phè5e out actwitie5 in its currerbt format. It 15 erwisa8ed ihat thi5 wlll take a number of years and that
EFI will then be wound down,
In the p35t year, EFI ha5 expanded1¢5 interyention into certairb Eyropean Jewish communitie5 to help ensure their actlve, en83ged
and sustainable exis¢ence. Gwen the 5ucce$5 of EFI'S inieNention in Ihe schools. some comrnvnitie5 requested the sarne process
and methodology is applied more broadly and deepty ¢0 Ihe communiiies ¢hem5elves. While Jewish day schoo15 are seen a5 the
critical starting point for each community joyrney, EFI ha5 begun 5UPPDrting Certain communities with strate8ic and
transformation projects to enh4nce the community's rel￿10￿5 institution5. infrastructure and leadership to ensure $upportive and
cornplernentary foundation5 for any schoDI-based work.
The tru5tee5 confirm that in settin8 EFI'5 objtcti¥e5 and planning the actiwties. thry have complied with their legal duty to havè
due regard to the CharityCommis$ion5 8yidance on public benefit.
Athbevernents and perforrnanc¢
As of the date of this report. EFI has completed Kts oriynal scope ol wor* In 18 ciries by assisring each school to Implement
sustainable change and ro encode this in the culture of rhe school and communily SO thar they can address both present and
future challenges and build active Jewsh communirie&
Over the course of EFI'S inrervenrion. it has seen s￿nificant success in IES work through xhools becoming more effective
Contribu￿r5 tojewlsh life and bvildinga relaiionship ol irust and shared kno￿e0£e wilh ihe communities.
Specifically, some of ihe achievements of EFI'S work rodate include-.
two new Jewish schotrls were founded..
18 straiegic and m155ion-fDcused school boards were transformed,.
a twofold increase in Jewish studies teachers viith ongoing professional development,.
gro¥vth rates in Jewish school and kindergarten enrolment re3ched between 1846%..
rnore than So new community leaders were identilied and developed,. and
there was a clear step change in irnprovements in Jewish studie5 curricula.
8uilding on its achievements of the last few year5. EFI ha5 continued to SUPPDrt Jewsh communities to e5tabli5h a robust Jewish
ethos in the cornmunities where EFI work5. EFI applie5 its strate￿C. outcorne41riven rnethodology on a holistic level to Jewish
cornmunal institutional. reli8lOU5, and educational life.

EDUCATING FOR IMPAcr
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2024
EFI'S broader approach include5 community centers. synagoBiies. camps. adulr educarion oflerings. and orher programs and
This approach grew from the undersiandinB rhat no one instirution. no matter how important. can make the
existential difference for communities. when led with relentless strategic focus and a disciplined alltxation of resources.
Rather, communities in their entirety must move expeditiousty iThihis dirertion.
PlaTh5 lorlhe fvture
EFI cont5nues to help Jewish tommunitSes in Athens. Bedin, Helsinki. Madr￿. Prague. Rome, Sofia and Stockholm plan strategically
for a vlbrant and adsve Jewish future.
EFI Éuides stakeholders to think and act a stratsglc. outcomtrdrlven rnat)ner. This approach has had transformatSve results when
pplied 10 schools. With certain communities that have demonstiated the capacity for chan8e. EFI Is workinR on deeper. broader
nd community specific siraie8ic processes that can magnify the impactof e¥ery aspect ol£ommunèl life at lar8e.
As mentioned previeusly, the Trusrees have decided to begin the process of completing ris obligations vlith the communities with
whlch it works and io phase eut artivities in its current formal. li is en¥isa8ed that this will tske a number of years and thar EFI w511
then be wound down.
Flnanclal reylew
Intome for the year to 31 August 2024 totalltd $1.350.232 12023 $1,788,339> with 8rants made by The Ronald S. Lauder
Foundatlon , Maurite and Vivienne Wohl Philanthropic Foufidation. Joint Distribution Committee and Rothschild Foundation
Hanadiv Europe.
Expenditure for the year ended 31 Au8USt 2024 totalled $2,012,27412023.. $1,984,7141 and was in line with EFI'S bud8et fer the
perlod. Expendlture is verytS8htNf controlled bythe Tmstee
Two fundin8 partners. the J¢int Oistribution Committee and Roihschild Foundation Hanadiv Europe, concluded Iheir core support
at the end of the 2023 financial year. EFI is deeply grateful lor their contributions. which have si8nificèntly advanced its mission
over the years.
EFI the￿lare generated a deficit in the year of W2,04212023 deficitof.. $196.3751 and net assets at 31 Au8USt 2024 amounted to
$449,40412023.. $1,111,4461.
EFI'S initial 5 year plan was predicated upon very broad and encompassing work in 20 communities and cities across Europe. As
was envisioned from the start, the initial pilot part of the model would be less costly while the end years would bulld to an apek
and then taper off as the flrst cohorts would 8raduate and exit the 'l.tr part of the proÉram. As such. the Income and
correspondlnÉ activlty for the first few was buSlt to accommooats the build up of resources for the purposes of coverin8
expendlture in the final years of the program. This Is Indeed plawng oui as envlsaged.
Re5erve5 polfjcy
A5 noted above, EFI is now iri the tapewin8 ppriod of the initiative. The re5erve5 at 31 August 2024 were y49,404 1202a..
$1,111,4461. The Tru5tee5 have decided that thi5 reseThes polity 15 Sufficient to 5UPPDrt EFI during the proce55 of cornpletin8 It5
obligatlOn5 Wlth the cornmunities with ¥Yhich it work5 and to phase out artivities in it5 CU￿￿1 forrnat. It 15 envisaged that thi5 will
take a number of years and that EFI will then bewound down.
R4sks
The Trustees asse55 on an anrlual basis the major risks to which EFI is exposed, in particular those related to operations and
funding of the charity and are satisfied thai adequate systems and procedures are in place to mitigate exposure to these major
risks. The principal risks faced by the charity are related to funding and also operational risk5 related to ineffectively or failing to
reach agreement with schools or cornmunities which had inrtially been identified forsupport.

EDUCATING FOR IMPAcr
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2024
The funding risks are mitiEared b¥ multi¥ear contracts and agreements that indude pledges and Commitments to be paid by the
consortium partners in advance of operaiions.
Comprehensive projection5 that allow for operational flexibility. depending upon funding recei¥ed. a￿ prepared and approved by
the Trustees. This ensure5 that activities can be increased or decreased well in advance of the term of collaboration with new
schools and communities.
Operational risks are mitiaated by on8oing monitoring to ensure that the schools and cornmunities adhere totheir agreements.
Strurture. 8overnance and mana8ernent
EFI Is a charitable company IlmSted by8uarantee. 11 1$ 8o¥erned by its Artlcles ol Assoclatlon.
The Trustees. who are also the directors for the purpose ofcompany Law. and who served durin8 theyear and up te the date of
siÉnature of rhe flnancial statements were..
Sally Anna Berkovic
Kate Goldberg
Prof. Oawid Seymour Latchman
Ronald Stephen Lèuder
(Resyed 26April 2024
Dlego Ornlque
Ariel Zwan8
(Resigned 26April 20241
EFI wa5 e5tabli5hed by two foundations Ihat ore leaders in the lield ol Jewish Education in Europe, The RonHld S. Louder
Foundation and The Maurice and Vivienne Wohl Philanthiopic Foundation. These Iwo foundation5 are olso the two company
rnember5 ol EFI I'Foundin8 Member5'1.
The Article$ of A550Clation provide that Ihere shall be 8 minimum 01 four trustees of EFI 8nd at least two trustees èppointed by
each of the Founding mem￿r5. Tru5tee5 are appDinted for a ihree year term of oifice but mty be reappointed. The quorum èt
rneetings of Trustees requires at leèst one trustee appointed by eèth Foundin8 Member to ￿ present. Thè Chairrn8n and Vicè
Chairman are selected from amonist the Trustees èpwnted by the Faundin8 MÈmb*s ahd sefft fer two years. Durin8 the year,
Professor DÈvid Latchman served Ès Chairmèn ol EFI.
NewTrustees may be admitted by a majority resolutKsn of theTrustees. At a bobrd rnèetin8 on 25 july 2018, thè Trustees resolved
to appoint four additi¢nal Trustees of EFI. These Trustees were drawn from other philanthropit or8anisations who work across
Europe and have è particular interest and knowled8e in deliverin8 proqrams in Jtrwish education.
New Trustee5 are iornmitted to 5eein8 through the mi55ion of EFI and identifw'n8 new iommunitie5 where EFI operate. A
welcome pack is made availèble to the new Tw5tee5 th* iniludes the Articles of Assotiation of EFI. the prewou5 year 5 finèniial
statements and a brief history of EFI'S past and cutyent attiwtiE5. The welcome pack intlude5 a topy of the Charity Cemrni55ion
guidance -The Essential Trustee.. What you neÈd to know-. -charitie5 and Public Benefit" and the-charity Governance Code for
Large charities".
All Trustees receive copies of EFI'S Bovemance policies includinR those on conflitts of interest and safeBuardinz. In addltion, they
sign the Code of Good Prattice and complete a Detlarntion ol Confiicts ol Interesi fom) annually. All Trustees receive training
deemed necessary. Trustees have access to resources and support. and are encouraÉed to particlpate In relevant conferences,
workshops and events.
The senior staff and consultant remunetsrion is delegated to a small exetuti¥e body within ihe Trustee board. which has relevant
HR and financial experience and expertise_ This body meers annually io detemiine remuneration by taking into acctsJnt
performance. budgetary e￿ironMenr and benchmarking. As sraff and consulrants are hired. EFI considers such tsctors as rhe si
of the charity. eeoEraphic locations. local market rates and tomplexityof operation&

EDUCATING FOR IMPAcr
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST2024
Conflicts of interest and safe
uardin
All Trustees give of their time freely and no irustee received any remuneration in the year_
EFI trustees reviewed and approved the Conflirts of Interest Poliry OTr 25 5epternber 2024. Trustees receive a copy of the
Conflicts of Interest Policy and are required ro disclose any additional interesrs that they rnay have during the year on an annual
basis. All Trustees adhere to a Code of Good Praaice. The Trustees and stsff are wuired to dixlose all relevant In￿rest5 and
withdraw from decisions where and when a conflict arises.
The Trustees have 31so approved an anti-bribery policy and a copyof this policy is sent to each new participating sch1￿1.
EFI Trustees have approved a 5afegu3rdin8 poliry on 4 NovembEr 2024. EFI note5 thatthe chaTity itself does not work directly with
children or vulner3ble adult5, but rather provide5 expertise and fundin8for schoo15 and comrnunitie5. While Trustees are mindful
of the need for additional care so far as concerns 0￿r5eaS schoo15 and communitie5 which are not subject tDthe same legol
obli8atlOll5 in their respecti￿lurIsdictionS. EFI recogni5es the importanceof sale8uardin8 and it5 obligation to promote the
welfare of all children.
O*cWon maklmi
The Trustees or eFI meet three times a year.
The Trustees clearly outllne the roles and respok)slbS1itSes of Trustees and stslf members in de£islon4naklng processes. Trustees
focus on strate81£, policy, bud8etary, and o¥ersl8ht declslons.
The Executlve LeadershSp Team are re5ponslble fcrf operatSonal and dty-ttrday dedsionS￿lh1n theirareas of expertlse.
Olscltysur* ol Informotlon to a￿d￿Or
Each of the Trustees has confirmed that there Is no information of which they are aware which is relevant to the audlt, but of
whlch the auditor 55 unaware. They have further conftrmed that ihey ha¥e taken appropriate steps to Identlfy such relevant
Infomation and to establSsh that the auditor isaware of such Informaiion.
The Trustees, report was approved by the Board olTrustees.
Prol. Davld S•yrnour Latshman
TrustEe
Dated.. 26June 2025

EDUCATING FOR IMPAcr
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST2024
The Trustees. who are also the dirertors of Educating For Impart for rhe purpose of Company Law. are responsible for preparin8 rhe
TrusrÈes' Report and rhe financial siarements in accordance with applicable law and United Kingdom Accounting 51andards (United
Kingdom GenerallyAccepted Accounting Practicel-
Company Law requires the Trustees to prepare financial mtements lor each financial year which give a true and fair view of the
state of affairs of the Charity and of the incoming resources and applicaiion of resources. Including the income and expenditure, of
the charitable companyfor that year.
In prep3ring these financial Statements. theTrustees are required to..
select suitable iccountin8 policie5 and therb applythem con5i5tently.'
- observe the method5 and principle5 in the Charities SORP..
- rnoke judgements and e5timatesthat are reosonableand prudent: and
prepare the flnonclal 5t3tements on the 80in8 Concern ba515 unle55 It 15 inappropriale to presume that the Charlty will Continue in
oper4tion.
The Tru5tee5 are re5pon5ible for keeping ade9uale accountin8 records that di5c105e with reasonable accuracy at any tlme the
financial p051tion of the Charity and enablè them to ensurè that Ihe financial stèiements comply %Yith the Companies Act 2006. Thev
are also re5pon5ible for safe8uarding the ¥sstts ol the Charity and hente lor takin8 rèasonable steps for the prevention and
detection ol Iraud and other irre8ularitie$.

EDUCATING FOR IMPAcr
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EDUCATING FOR IMPAcr
Oplnlon
We have audited the financial statements of Educating For lfflpact Ithe'charity'l for the year ended 31 Au8U5t 2024 which iompri5e
the statement of financial activities, the balance sheet, the statement of o5h flow5 and the notes to the linancial statements,
includin8 significant accounting poliiies. The finaKial ￿pOrting ftamework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards, includin¥ FR$ 102 The FinunciulRewrtingStaRdard Gpplicoble in the UK Llnd Republic
of Ireland (United Kingdom GenerallyAccepted Accountin8 Prxticel.
In our opln5on, theflnanclal statements..
8ive a true and fair view of the State of the charitable compary'5 affair5 as at 31 Au8U5t 2024 and of its incomin8 resource5 and
application of resources, including its incorne and expenditure, lorthe year then ended..
have been properly prepared in accordance wih United KinÉdom Get)eially Accepted Atcountln8 Practlce.. and
h4ve been prepared In accordance with the requirement5 of the Companie5Art I￿.
O4$1s lor opSnloh
We conducted our audit In accordance with International Standards on Auditing IUKI 11SA5 IUKII and applicable law. Our
responsibilities under those standards are further described in the Audirors re5ponsitsltriesAor the oudit of thefinonciul srotements
section of our report We are Independenr of the Charity In accordance with the erhical requiremenis thar are relevant to our audit of
the financial statements in the UK. Includin8 the FRC'S EthKal StaThdard, and we have fulfilled our other ethical responsibilitie5 in
accordance with these requiremerlts. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for eur opinion,
Éfflpha$ls of rnatt¢r.fflnandal s¢alem¢nts prepared on a bas15 glher lhan golns ￿n(￿rn
We draw atientlon to note 1.2 to the financial statements. whi£h emplains that the trustees Intend to be8ln the process of completln8
ils obli8ations with the communities with which Il works and to phase out activities in its current format. It is envisa8ed thai this wlll
take 8 number of years and that the Charity will then be wound down and cease to operate. Therefore, the trustees do not conslder It
to be appropriate to adopt the 80in8 concern basis ol accouniin8 in preparin8 the financial statements. Accordln8ly, the financial
statements have been prepared on a basis other than lolng concern as described it) note 1.2. Our oplnSon Is not modified In respett
of thls matter.
other Informatlon
The other information comprlses the infomiation ihtluded in the annual repNt other thafi the financial ststements and our èuditor's
report thereon. The Trustees are responSi￿e lor the other information contained within the annual report. Our opinion on the
financial Statements d0È5 not to¥er the other information and. èxeept to the extent otherwise Èxplicitly stated in tsur report, wè do
not èxpres5 any form of assurance coriclu5ion thereon. Our responsibility 15 to read the other information and, in doin8 50, consider
whether the other inforrnation is rnaterially inionsistent with the fina￿la1 staternents orour knowledge obtained in the course of the
audit, or otherwise appears to be materially mi55tated. If we identify such rnaterial inconsisteniie5 or apparent material
rni55tatements, we are required to determine whether thi5 ¥Ne5 rise to a material mi55tatement in the financial 5tatement5
themselves. If, based on the work we have performed. we con£ludE that there is a material mi55taternent of this other information,
we a￿ rÈ9uired to report that fatt.
We have nothin8to report in this regard.
Opinions on other matters pre￿rIbtd bythe CompaniesAtl 21*J6
In our opinion, based on the work undertaken in the course of our audit..
the information given in the Trustees. report, which includes the dirertor< report prepared for the purposes of Company Law,
forthe financial year forwhich the financial statements are prepared is consistent with the financial statements., and
the director5, report included within the Tru5tee5' report has been prepared in ac£ordance with applicable legal requirement5.
Matterson which we are required to report byLYception
In the light of the knowledge and understandinÉ ol the Charity and its enwronment obrained in the course of the audit, we have not
identified material misstatements in the directors, report included wiihin theTrustees' report.

EDUCATING FOR IMPAcr
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EDUCATING FOR IMPAcr
We have nothing to report in respett of the following matters in relatw to which the Companies Art 20(b requires us to reporr to
you If. In our opinion-.
adequate accountinÈ rttords have not bÈen kept. or rÈtum5 adequate foT our audit have not been reteived frotn branthes not
visited by us., or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneration specified by la¥Y are not made.. or
we hawe nc>t received all the information and explanationsvie require for our audit,. or
the Trustees were net entitled to prepare the finantsal statements in accordance wlth the small cempanies reElme and take
advantage of the small companies, exemptjons in preparinÉ the Trnstees, repm and from the reouirement to prepare a
strateg5c report.
Responslbllltles of Trustees
A5 explained more fully in the st*ernent of Trustees. responsibilities, the Tvustees, who a￿ 0150 the directors of the Charity for the
purpose of Company Law, are ￿spOnSible for the preparation of the financial 5tatement5 and for being 5ati5fied that they give a true
and fair view, and for such internal control 35 the Trustees determine 15 nece55ary to enable the preparation of financial 5taternent5
that are Iree from material misstatement, whether due to fraud or error. In preparing the financial 5taternent5, the Trustees are
responsible for a55e55in8 the Charity's ability to continue as a 8oiTr8 concern. disclosin8. a5 applicable, rnatter5 related to going
tontern and u5in8 the 8oin8 toncern basi5 01 attoufitin8 unless the Trustees either intend to liquidate the eharitèble tompany or tts
tease operètions. or have no realistic alttrnative but to do w.
Audltot's rtsponslbllltleslortht *udlt olthe ftn*ntlal sthtemthts
Our objecrives are to obtain reasonable assurance abwi whether the financial statement5 è5 a whole are free from materia1
rnissiatement, wherher due ro fraud or error. and ro is5￿ an audiror's ￿pOrr that Includes our opinion. Reasonable a55urance is a
hi8h level of assurance but is not a 8uarantee that an audit condurted In accordance wth IUKI will always detect è material
rnissiatement when Ir exlsts, Misstarement5 can arise from fraud or error and are considered material if, individually or In the
ag8regate, they could reasonably be expected io infiuence the economK decisions of users tsken on the bo515 of these flnancial
sratements.
Irre8vlarltie5, Inclvdlng fraud. are instance5 of non-compli3nce with laws and regulation5. We design procedures In line wlth our
re5pon5ibilitles, ouilined above, to deteci rnarerial m15s¢aiemenis in respeci of irregularities, includin8 fraud. The extent lo which our
procedures are capable of detectin8 Irre8ubritie5. Includin8 fraud 15 delailed below..
A5 part of our plonnin8 proce5S'.
We enquired of rnanagement the 5y5tems and contro15 the Charity ha5 in plKe. the a￿a5 of the financial statements that are
most SU5ceptible to the risk of Irregularities and Iraud, and whether there was any known, Suspected or alleged fraud. The
charity did not inforrn us of any known, suspected or alleged fraud.
We obt3ined an understanding ol the le8313nd ￿gUlatOry frameworks applicable to the Charity. We determined that the
following were rn05t relevant.. the Charity SORP, FR$ 102, Charitie5 Act 2011 and Companie5 Act 2006.
We cc>nsidered the incentives and opportunit￿5 that exist in the Charity, including the extent of mana8ement bias, which
present a potential for irregularitie5 and fraud to be perpetuated, and tsilored our risk assessment accordin81y.
Using our knowledge of the Charity. tO8ether with the discussion5 held with the Charity at the planning stage, we formed a
conclusion on the risk ol misstatement due to irregularities irKludin8 Iraud and tailored our procedures according to this risk
a55e5sfTient.
The key procedures we underti)ok to detect irregularitie5 includin8fraud during the course of the audit included..
Identifying and testingjournal entries and the overall accounting record5, in particular those that were 5ignific3nt and unusual.
Reviewingthe financial statement disc105ures and determinirw whether accourting wlicies have been appropriately applied.
Testing key iniome line5 for evidence of management bia5.
A55e55in8 the validity of the cla55ification of income. exppndituTe. a55et5 and liabilitie5 between unrestricted and restrirted
funds.
Obtainin8 third-party ccnfirrnation of material bank balance5.
Documentln8 and verifyin8 all signthiant related party balance5 and tran5actlOnS.
Rewewing document3tlOll such a5the Charity board rninute5, for di51U55ion5 of irre¥ularitie5 includin8fraud.

EDUCATING FOR IMPAcr
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EDUCATING FOR IMPAcr
Owing to the Inherent limitations of an audit. there is an urwoidable risk that we may not have detected some material
rnissiatements in rhe financial stsiements even though we have properly planned and performed our audit in accordance with
auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the Trustees of
the Chantv.
A further description of our responsibilities is available on the Financial Reporning Council's website at." https.'l/www.frc.org.uk/
auditor5re5pon51bilities. This de5criptiorbforms ￿rr of ourauditoes reporr.
Use of our report
This report is made selely to the charltable company's memb*s, as a body, in a¢wrdance with Chapter 3 of Part 16 of the Companles
Aci 2006. Our audit work has been undertaken so that we miÈhl State 10 the charitable company's members those matters we are
required to slate to them in an audiior's report and for no Other purpose. To the lullest extent permitted by law. we do not accept or
assume responsibi1Sty ￿ anyone other than the charrtable company and the charitsble compan(s members as a body, for our audlt
work, for thls report, orfor the oplnlons we have formed.
Andrew Rleh1Senlor St•l￿oryAUdlior1
for and on behalf of HW FlsherAudit
Chartered Accountants
Statutory Auditor
Acre House
11-15 Willlam Road
London
NWL 3ER
Uniied Kln8dom
27 Jun 2025

EDUCATING FOR IMPAcr
STATEMENT OF FINANCIAL A￿1VITIEs
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST2024
un￿51r1￿￿ Re5trfrted
lunds
lunds
1024
Total Unrestricted
funds
2023
1024
2024
Incorne from..
Donaiions and leÉacles
1,250,COJ
lfy),Z32
1.350,232
833.332
955,(M)7
Total Income
1.250,¢
IiYJ,232
1,350,232
1,788,339
end61ure on..
1.912,042
ItX),232
2.012,274
1.984.714
Net expendlture lor theye•rl
Net movemen¢ In funds
1662,0421
1662,0421
1196,3751
Fund balances at I Septembvr 2023
1.111,446
1.111,446
1,307,821
Furbd balances at 31 August 2024
449,404
449,404
1,111,446
All Sncome and expendlture derive from contlnuin8arti¥ities.
The statement of flnancial activitles also complles wlrh the requlrements lor an income and eNpendrture account under the
CompanlesArt 2006.

EDUCATING FOR IMPAcr
BALANCE SHEET
ASAT31 AUGUST2024
1014
1013
Notes
Current assets
Cash at b3nk and in hand
6[￿.99?
1,221,065
Credltors: amounts fallin8 due within One￿ar
1157.5931
IIIY),6191
Net current assets
449.404
1,111,446
Income fvnds
Unrestdtted funds
449.404
1,111,446
449.404
1,111,446
The financlol statements were approved bytheTru5tees on 26June 2025
Prol. David Seymour Latehman
Trustee
Comparry Re￿$tratIon No. 10924797
10-

EDUCATING FOR IMPAcr
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST2024
IOZ4
1013
Cash flows from operatlnt a¢tl¥ltles
Cash absorbed by operation5
13
1614,0681
1135.5071
Net cash used in Inve5tingactlvities
Net cash used In financln8 artIV￿leS
Net dètrÈasÈ In tash and ush *qul7raltnts
1614,0681
1135,5071
Cash and tash equfvalents * be8inmifi8 of year
1,221,065
1.356,572
Cash and tash equ￿11￿#1$ at end of year
(th,997
1.221,065
11

EDUCATING FOR IMPAcr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST2024
Ar￿￿￿10￿8 pollcles
Charlty Inlorniation
Educating For Impatt is a Priwdtt company limited by Euarantee ir*orkw)rated in Enoland and Wales. The reÉIste￿d office Is
Acre House, 11-15 William Road, London. NWI 3EK Llniied Kin8d¢)m.
1.1 Accourfin8 con¥entlon
The financial statements have been prepared in accordance with the Charity's Articles of A550Ciation, the Cornp3nies Act 20D6
and "Accounting and Reportin8 by Charitie5.' Staternent of Recommended Prdctice applicable to charitie5 preparing their
account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective
I january 20191. The Charity is a Public 8enefit Entity a5defined by FRS 102.
The financlal Statements are prepared in US dtslla￿, which is the functioThal currency of the Chadty. Monetsry omounts In
these financial staternents ore rounded to the nearest S.
The flnanelal statemtnts have been prepared under the historital tost tonvention and the princlpal atcourttin8 pollcles
adopted are set out below.
1.2 Gdni coneern
A5 a result of EFI compleiing its initial scope of work wirh l8 cities and working with 8 communitie5 on planning strategically
for their future, the program ha5 succe55fully supported communities wirh skills development, knowledge and resource5
toward5 becoming 5ufficienrly 5UStainable that they can continue without the support of EFI. This wa5 Part of the original
purpose of the initiative. Accordin8ly, in 2025, the Tru5tee5 hwe decided ro begin the process of cornpletin8 It5 obli8ation5
with the communitie5 wilh which it works and to pho5e out artivilie5 in its current forrnot. It 15 envisaged thai th15 will take
number ofyears and Ihat EFI will then bewound down.
A5 the intention 15 fgr the charily to ¢ease operaling the trustees no longer believe it to be appropriate lo adopt the goin8
concern basis of a£countin8 in prepariTh8 Ihe linancial statemenls. The financial statements h￿e been prepared on a ba515
other than 80ing concern. Nolwilhsianding this, no chan8es to tht carrying value5 of the assets and liabilities and no
additional liabilities arise from the decisbon locea￿ tradin
1.3 Charllable fvnds
Unrestricted funds are available for use at thediscretion olthe Trusiees in lurthtrance of their charitèble objectives.
Restricted funds are subject to spe£ific conditions by donors as to how they may be used. The purposes and uses of the
restrirted funds are set out in the notes to the financial statements.
1.4 Incomln8 resource5
Income is recoÉnised when Charity is leBally entitled to it after any performance conditlons have been met, the amounts can
be measured reliably, and ￿ is probable that Ir￿oMe Will be rtteived.
1.5 Rtsource5 expended
esources expended are ryognised in the period to which rhey relate.
Direct charitable expenditure comprises all the expenditure relating to the activities carried out to achieve the charitable
objeaive.
Support C05ts represent costs that cannot be directly attributed to actniities. These cost5 have been allocated in full to the
single charitable activity,'Contrart ArtI￿t￿s..
Govemance costs include the costs of statutory audit and other costs related to the governan￿ of EFI. These cost5 have been
alloc3ted in full tothe single charitable artiMty.
12-

EDUCATING FOR IMPAcr
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
Accountirbg policies
lcontinuedl
1.6 Employee benefits
The cost of any unused holiday entitlement is recognbsed in the period in which theemployee'5 services are recei￿d.
Termination benefits are recr*ni5ed irnmediatety as an expense when Charity is demonstrably committed to terminate the
employment of an employee or to providetermination benefits.
1.7 Retirernent benefits
Payments to defined contribution retirement benefii schemes are tharged as an expense as thevfall due.
Crltlul a£wuntlng estlmates al￿1￿d£ements
The Trustees are 5at15fied that there a￿ ￿ material accountin8estirnate50rjudgements in the financial 5tatement5.
Donètlonsand le8•d
Unrestrlcted
funds
Re*rtcted
funds
Totsl Unre5trided
funds
2024
2014
2024
20Z3
Donations and 8ifts
1.250.IKKI
IW,232
1,350,232
833,332
Charltable artl¥ltle5
Contrn
CllvltSes
2024
Contrnrt
actlvltles
2023
Income within charitèble attivtties
955,007
13-

EDUCATING FOR IMPAcr
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
Charltable actlvttles
Contrart
activities
¢ontrart
ctivities
2024
2023
Staff cost5
21,646
685.906
783,139
5.524
169,564
659.042
627,868
IZ9.6721
Program costs
Exchange rate losses I (Eainsl
1,496.215
1.426.802
Grant funding of artivitie5 (see note 61
160,944
Share of 5VPPOrt C05t$15ee note 71
Share ol governance costs (see note 71
486,117
29,942
373.131
13.837
2,012,274
1.984.714
AnBlysls by lund
Unrestricted lunds
Restrlcted funds
1,912,042
ILXI,2J2
1.984,714
2,012,274
1,984,714
Grants payable
2024
2023
Comunlta Ebraica d5 Roma
160.944
14-

EDUCATING FOR IMPAcr
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
Support costs
SupportCOSts Governance
2024 SupwTrrt 105ts
Governance
C05tS
2023
Staff cost5
427.%)A
8,517
5.676
427.508
8,517
5.676
243,983
8,583
15,914
Z89
243.983
8.583
15,914
289
Insurance
Office 5upplie5
Staff trainlng costs
Printin& postage and
Stationary
Professional fees
Sundry expenses
Telephone and Internet
Exchèn8e rate losses
Bank char8e5
1.148
5.031
30.672
2.054
2,250
3.261
1,14B
5.031
30,672
84,877
12,269
3,541
84.877
12,269
3.541
2,250
3.261
J,675
3.675
Audit fees
At￿Un￿nCY
26.502
26,502
21,346
2,491
21,346
2.491
486.117
29.942
516,059
373,131
23,837
396.968
Analysed between
486.117
29,942
516.059
373,131
23,837
396,968
Tru5tges
For the yeor ended 31 August 2024. there ￿re no tra￿1 and accornm¢xlarion expenses reimbursed to any of the Tru5tee5
12023.. $874 10 l Trusteel.
15-

EDUCATING FOR IMPAcr
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
Employees
Number of emplO￿e5
The average monthly number of employtes during the year %WdS=
2024
Number
2023
Number
Employmtnt costs
2024
2023
Wa8e5 and 5alarie5
Sotl81 security Costs
Other pension costs
383,J7J
57,788
7,991
401.719
10,803
1.025
449,154
413,547
severance payments pavable total $88,66712023.. SNIll to 112023.. 01 employee forthe year ended 31 August ZOZ4.
The number of employees whose annual remuneraiion was £6O.rf￿0f more were..
2024
Number
2023
Number
£70,OL￿- £80,C#)J
£I20.￿O- £130.￿0
£130.(QO- £140.CQO
£I40,￿O- £150,000
The key mana8ement personnel of the charity comprise thetrustees and the Chief Operatin8 Officer and ChSef Financlal
Offlcerwhose employee benefits In the yearwere $329.25012023.. $324.5011.
io
Credltor5= amounts lallln8 duewlthln oneyear
2014
1013
Trade creditors
Accwa15 and deferred income
11.874
145,719
66,642
42.977
157,593
109,619
li
Remrltted funds
Leadership Pro¥ram- A leadership program which enab￿5 develown8 leader5 to consider their personal leadership strengths,
and to determine how theY￿n be5tiontribute to 5trate8ic and transformative work in their respective cotnmunitie5.
16-

EDUCATING FOR IMPAcr
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2024
Related partytranSa￿Ons
The Ronald S. Lauder FouTrdatton, The laaurice and Vivienne Wohl PhilanthfOPiC Foljndat￿n. The Joint Distributir>n Cr>mmittee
and Rothschild Foundation Hanadiv Europe all have representatives that sit on the trustee board of the Charity. These
organisations made donationsof $1.350.23212023.. $1,333.3071 in aggregate forthe year ended 31 Au8USt 2024.
Cash gener*e41 from operatiorbs
2024
2023
Defic5t for the year
1662.0421
1196.3751
Movement5 in workin¥ capital..
Ilncrea5el/decrease in debtors
Increase in crediiors
20.299
40,569
47.974
Cash absoibed by operatlons
1614.0681
1135,5071
14
Anatys15 of ehan8es In netlunds
Charity had no debt during the year.
17-