Ch•rlty reglsknlon num[ 01184945 JTAP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
JTAP LEGALAND ADMINISTRATIVE INFORMATION TN$t••¥ B Sachar P Simons R Benaim Cfvrity numb•r 01184945 Pth¢lp•l addTg8B 6 WestAvenu• London NW4 2LJ Indepond•n¢ •xamin¢r Anlh¢ny Epstdn FCA Pardgon Partners Llmtt•d Churchill Houso 137- 13g Brent Street London NW4 4DJ
JTAP CONTENTS Trustèes report IndepnI examineffs reFt)rt ststwDgntof financial aclvftg Nota8 to the ffinandal ststewts 6-11
rAP TRUSTEES REPORT FOR ThE YEAR ENDED 31 AUGUST 2023 The trustee8 presént th8lr annual rèport aTrY financial statements lorthè year ended 31 Augu8t 2023. The fjnandal ststn¢nts havtr been prepared In t¢fdanc8 the ocojunung pd?85 8et out In not• 1 to thè n¢181 $tstgments and comFly wlth the £hariW$ gMg docutnenL th? Ch8rbos Act 2011 and 'A¢¢ountlng ond R8porting by ChaiiJ"•s: Statement of Reeornmended Pwbee applicab to chaiiies preparing their accounls aLrdGe wsth thg Flnanclal R•porng kndard aPpra16 in UK and R•publ ol Irgland IFRS 102) leffectlva l January 20191.. Obj•¢t1V and astlvili08 The charity's objects are th8 odyancernent of Ihe orfhodox je$h rel13n for the benorrt ol the publ1¢ mahty, but not axclusivdy, Ihrough the 1K$Ing of lectures and andkjr dlsseminalng material wa modem lechnolo9y in order 1hat Js peoye le8m to praciiee Jhefr l910n and gain a daèper undetstanding of ifs r4chnos$, ritag& and Clture. Th8 trvstse$ hav& pald due regard to guldarKx rssuad by thè Chorlty Cornmison In dei2thng what8CtIMtks thB chaity Should und8rtaka. Achi•voments and p•rfovmane• Du14ng the period, JTAP digrt1s mych of th& eSling m&tOfial af a wortd da6s edueatsr of Jewlsh thought & plO50phy, malnty In the form ol cyeatsng B W8bsh8 and 0a¢JIa audio 8fKI vkleo contentto JTAP cornm$10ned lh• ssme Èdwtor to t7eate ntsw matarial and upload to thè wobBite, on YouTub8 8nL other onlne channel5. 88i¢w are some staJstics and figures in retIOn to the webshe.. Webslte aTrJ Nv518tt8r Wsbsit¢ unique wewors since incepkn.. 18,128 N8wslett•r $ubsc¥lb8ts'. 646 nwdetters sent out.. 14 veragè Dpen rats.. 70% have be9n watch8d by over 1,000 peo¢ Weblnws doJbs sfiCallY for 8ub8crirs'. 1 Pg1? attgnded: Average numberof peo• who emal In tL) gmall address wllh que8tJong.' 3 per day Audto confent". number of audlo I•Gtur88 dDwnk)adgd.. 664 IthiB f88ture wa$ anaad iwo month$ ago) number of audi) lien'$.' 13,400 Flnan¢Fal rèvlèw Tho irOrn& 18 mainly deAved from donation& Exp•nditure, primarily on Charit4b activllles, Msul¢ed in a rEt surplu8 Iricomg ovar oxpendrtuts gf £19,631. Th8 trusts6$ con81der the lunds 9engratsd In the year under rBvrew to be Suffic[ to m¢gt Iho charitsNg tru6fs obje¢tives ond the poon of the charl¢able Iwst al the year end to be satl$faotory. The trustees hav8 assès¥g(J the majLY risks lo which the charity 1$ and are Ihal sysiems ttr8 in F4ae¢ to mithgate exr)sur• to the majgr risks. SlnKtur< go¥ttmanc• and managoment
JTAP TRUSTEES REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2023 The char#yi8 8 tharlt8We In¢>Yporat trgani3ation rwy¥tere(S wlth the Chaiity C(#nNssion wth 8 wiitten (¥)n8titution 19Augu812018. Tho trust88s who 8oMd durtng the year arKI up to the éatg of sl9natyre of the flnanclal stat•m8nts w8r8: B Sochgr P &rn¢n$ R BÈn8lm Th? In?83 r8POrt was approved bythe BoArd olTwstèg9. P Simons Tru8t¥e Dated: 23 July 2024
JTAP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JTAP I report to the tnJstee8 on my •xèmination of th8 fi'nan¢kg18talemnts JTAP (the chelity) for the year erKled 31 Avgu8t2023. Raspon51bllitlo8 and ba$1$ of r•port As the tiusté&s of the chaty a rgspDnslble forth8 preparation of the ftnanci41 statsments h accord8nca vhth tho requiremonts cl the Charltie8AG 2011 Ilhe 2011 Act). I report In respa¢t ol my exam¥iation of the Chart$ fin8noal Stateents carrigd undgr sadion 145 of lh8 2011 L In Garryiry Dut my examin8tDn I have follt)wad al the applible DIre¢tn$ gv8n by the Charity COM155 undFJr seLknn 14SlSllbl of the 2011 kt. Ind?nd?t •x•mln8¢8 8tat8rnont Your atte70n L8 drawn to the 18Ct that the cl)arEty has prepared $tatevnl$ in 8ccord8nce wlh Accounllng Roparfng by Chadtb8 prrIng Iheir acco In accordan wtth the Flnandgl ReportiNJ Standard appllcatrAe in the UK and RepUtlC of Ireland IFRS 102) In prèference to th&A¢counting and Reporting by ChaFrbes'. Staternent ol Recomwnend8d pract1 l$sued on 1 April 2005 whlch Is rpferTed to in thg extant r8gulaVons bui has now wthdrawn. l under51and that Ihls has been done In ¢)¢T br fin8nc(al stateffl£nts to provide a tNO and fatr i8w in 8cLordan wlth GenorallyA¢cepterl Accountirq Practice effeth¢ for tgporting PPtK)L15 iwlnrring on or aft•r l January 2015. I h8ve completed my oxaminatKtrn. I confiffli that no matters have ¢om6 to rny at18nlion in wnmdion wth the examinatiDTr giVg me cause to that n any rn8t8rial Spo¢t.. accourrting r£&)nls were not k8Pt respect of the thafity as r8ouired by sethon 130 ofth• 2011 A¢ or thè finantldl statements do not a¢oyd With tho58 records., or Iho financjal stalernants do not with thfj apiC8e requlrémènts conceming Ihe fvjrtn and contenl of awDunts Set out in th8 Chath$ (Accounts and R8P(¥t51 Reguldon$ 2W8 otherthan any rVirgment that the Accounts ve a trus and falr vlew which is not a matter consldorwj #s of an kndependent examtnation. I haw no and hmve tr)mg acros8 no other matter# n) conne(on th Ihe examination to which att8nllon ¥hould be d n this TOPOrt in orderto enable o proper undetstanding of the fknanctal ststem&nts to be reached. ntho CA Paragon Parts)ers Llmii•d Churd)ill Hou8• 137- 139 Brgni Str88t London NW4 4DJ Datsd: 23 Juty 2024
JTAP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Unrestrfctsd R•strlcl•d funds funds 2023 2023 Total UnroBtrlctad Restrtctod fijnd 2022 Total 2023 2022 2022 Ilot•s In¢om• from: Don8tTon3 and 88.002 86.002 76.760 76,760 Tolal InGon 8fj,002 86.002 76.780 76,760 xpendlture on: Charitable activiti othor 8xpendiur8 51,670 9.119 61,570 9,119 53.671 3,458 53,671 Totsl •xpgndilur• 70.689 70,689 5T,129 57,129 Nat In¢om• #nd mov•ment In funds 15,313 15,313 19,631 19,1 Reconclllatkni of funds: Ftsnd bglancg5 Ot 1 septe&r 2022 $3.827 2,427 58,254 34,196 2.427 36,623 Fund balan¢•$ at 31 August 2023 69,140 2,427 71.567 53,827 1427 The tht6rn0nt of financlal 8dfvld88 indudes all galns and losses racogniBed in th6 y98r. 1 ints)me and endre derfY* frorn contmuing adlvlties.
JTAP BALANCE SHEET AS AT 31 AUGUST2023 2023 2022 Flx¢d Tar¥JiNè asset8 10 4.031 1226 Current a¥¢ts Cash at bank arKt Ih eg,777 55,028 Credknrs: amount• folllng du• wlthln on• yoar 11 12.2411 N•1 ¢11rt8nt ao8•ts 67.536 55,028 79ts106$0t• ¢UbY•nt alItIeS 71.587 56.254 N9t 9xdIng p•i$l•n15Bblllty 71,567 56.254 Th• fvnds oltho ¢havny Res¢18 irtomè funos UnTrstN¢ted lunds 12 2.427 69.140 2.427 53,827 71,567 56.254 Th• finan¢ial 8tat&mellts w8r8 approved bylh8 trust88s on 23 Juty 2024 P Simons TN•ts•
JTAP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 A¢¢ountlng pollci05 Ch&rlty Infolmallon JTAP Is a charit8bl8 hKorporated oryani&oth)n 9ov•med by (x)nsdknUon writtan tsn 19 August 2019. 1.1 Accounfjng ¢onv•ntktn flnancial statem8nts have been pwared In aruKdance th the chaAV5 governing ¢krxLment, th• Charits8s Act 2011 aThY "Acts)untin9 and Reportiro by Charrtles.. stst8Thnt of ReLKrnrnended Pra¢lK¢ aprlicablg to charitie8 proparing th8lr 8CCOUTrf5 in attordanco wllh the Flnandal Repwtlng Stand8rd aw1caa in thè UK and Republ of I18 IFRS 10211gffeclr4 1 January 20191.. The chanty is a PU4¢ Benafft Entity as d8fin8d by FRS 102. Th8 charfty ha5 laken adVÈ olthe provi31c$ In th• SORP applyiry FRS 102 Upd4to Bulletin 1 notto prepare a Stat•ment of Cash Flows. Th• fin1a1 stat8m•nts hav8 depart from th? charl9$ (A¢rJnt5 and Rw(¥tsl R8gulakn$ 2008 to the extsnt requed to provide a true 8nd fair vltrw. This departur& ha5 involvÈd lollLW4iny th8 Ststament of RecornmendBd PtaclKe for ¢harlkn8¥ applwng FRS 102 rathor than the v8rsion of the Stat8rTh8rt of ReCAMInd8d F¢È Ythkh 1$ ro1onBd to in the Regukntyon8 butknthich has sffjce bn thdraWn. The finan¢ial stalemÉn15 prepared in $terfkng, which is lh$ fund)nal ryn of Ihe ch8rfty. Momtary 8mourts in th•w finandal 8Wéments arè roundety to thtr nearest È. Tha financtal statements have been ptepared under tha L%loriG31 cost eonvantion. The 1ndpa1 ar)untI p¢Soe$ adopted are set out below. 1.2 Golng ¢onGom Al the tlmg o18ppn9 the finanual statements, tho truste hav£ a r9asonabl8 •xpe¢tatlDn that the charity has adequatB re50urc¢$ to conwnug in op8radonal exstenca for the foresee8• future. Thus the trustees continue 4¢Jopt the golng cenGem oyts(wunling in pr8parfno the finantial statement 13 Chorltabl• fvnd• Unrestrictad fvnds 8re avallb for use at th& dlscrgtion of tho tru¥toes In funheran¢g of Ihelr ¢hawttable obje¢Yve&. Reslricted funds aro Subject to sp817ft¢ r[tionS by don¢Ys or grantor$ as to how Ihoy rnay b# Tho purpo888 and usos of Ihe rÈstrlctod funds ar• s8t in th& not&s lo tha fin8nd stat8ments. Endowrnertt are Sub to SP8clftc cOnditiu by donots that the cattal must b8 malntslrl LIY the tharty. 1A Incon InoNne Is racLyJnls8d when thè thartty Is legally entilbd it after 8ny perfomance c4)ndin have been mat, the amounts w be rneasured rellably, tt is probable that In¢omè wil recfved. Cash donafi(m$ ar• recegniged on re(lpt. Othgr donations arg recOlsed onc thè thar+ty hes been fiottfigd LY the donaiion, unk8ss P9rfonna8 conOn8 r8quire dÈferral of thg amount Incom¢ r8cover2blB in relation to donatl(¥)s received undBr GIftAld or deeds of covenant is recggnLsed at the b.me of the doThatK)n. Legacies are rgcognised cn rBCgiPt or oth•Mise 6f Iho charily has bean noufied of an rmpenduig distritn. the arnount Is kno, and recelpt is gxpected. Ir the amount 1$ nol known, the leoaty is Ireated a5 a Idngellt asseL
JTAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 ACco¥nI pollc Icontlnuadl 1.5 Ewndllur• ReStyjrs expthjed are Ind¢d in th8 finan8[ statefflent8 a8 tIN8y b8¢X¥T du8. 1.6 Tenglble ffixgd ass9ts Tangiblè fixed assets a Inttlally rneasurnd at cost and 8ube8qugndy rn8o$urgd at ¢981 or vaJa15Dn. net of deFaOn and any impairn1gnl losses. Dwwiation is recognised so as to off the coit or valuBfjon of assets their rg$idual values 0¥6r thelr 8efvl Iivg? on thg folbwing baw.. FlureS and fithngs 20% reduc1 balanca Tho g?In or arl¥ing on disposal of an asset Is dEterrnined a5 tho dM8rerKe bplwe8n the 5alB prore&ls and the canyinp value of th& as88t, and 18 recognfsed in tho 8lat&m8nt of flnand81 1.7 Impalrment of fJx¢d ets At e•eh reportlng end IAtè, the eharity revtews the CArying amounts el tangle assets ¢0 etem)ine whother Ihere Is any indi¢atlon that those assets have $uffered an impalment los$. If any such indl¢atK)n gxists, the Tocoverable amDunt of Ihe a5Eet 15 estind In OTdgr to Ihe extent of thg irnpairment 108$ lil yl. 1A Cash and cash egulvahnts Ch and c•sh equIVaftts indude Cash In hand, depo$il$ he>J at ¢811 wth banks, Olhar short4•m) 15qd Inv&thents wth owlnal maturit$ of tfvee months or less, and bank ovwdtsft5. Bank overdrafts are $In wqhin l)oThin in current lbIlItieS. Bask fin8n¢ial J8S9t$. whith knrlud8 debtors rash and bank baLances. are inits.ally measured £1 tsnwtion pri indL¥Jing tran5aclK>n C05t5 and are sub5equenlJy carried al 8mortiSgd ra)5t using the effective inletè5t method unles5 thè arranyement conslitule5 a finandng transaction, wh8r8 tho tran5actx)n is m&8sured at Ihe prws8Trt value of Ihe lutur8 receipts dis¢ounted at a market rate ol inle$t. Hnanual assets rwzlvable wllhln Dntr ytsr are rK)t amortised. 8aslc fln*thI Ilabllltles Basic financial liabilitiès, includin9 ereditors and bank loans are Inldally retx)gnised al transaction prfce uraess th& arranoement con$titutes a flnandnu iMnsa¢tK)n. wh8re th8 debt instwment Is measured at th8 presènt value of the fuiur8 paYnntS discount&d at 8 marf(et r8to of interest. Finanal kabilities d855ifled as payable thln one year are not amortlsed. Dor•cognlllon of finan¢lalMablllU Flnand4 IkiblllOgB are derecwnlsod when the Gharttys LK>ntr8GbJal obllgakns expire or ar& dls¢h8raed or e•n¢èlled.
JTAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Crlttcul Hccountlng •IMate¥ and Jud9•monts In th8 applicatlcffi of the chari8 accoLmting polld¢s. the trust ar8 to makejudgements, esllrnat8¥ antt as8umptions about the carying amount of assets and li8bilitss Ihal ar• not [slI1Y wparont from other sources. The o$1imate5 and 8s8ocial assumwion$ are based on hrJtoAcal ehperienc% and otherfactorn that are ¢SIdered to be relavanL Atlu81 rgsth may differ from these eslwratg¥. Thè è$timatg$ and Underfn9 888umptlons aro ravWed on an L¥woir¥J bAsls. Reton$ to accountlng esl'rngt•s arè recDgnls&d In lh8 pgrlod in the estimate is r•wséd where the reV10Th affects onty that perfod. cr In th• of th8 r•vblon and futu perfod$ where the r$1)ft aff&cls both Current &Thd fUle peiiods. Income from donallon8 and l•oA£l•* Vnr•strlGtqd Unr¢strf¢ted lunds fund$ 2023 2022 Donalk)ns 8nd glfts 76.7 Exp8n<ltur• on ¢harltsble adSvltles Headlng
a¢982
2023 Headlng
*982
2022 Dlr¢¢t costs DeprciatlDn and impainngnl Webslte exk8ts Book tfan51atK>n8 Rabbi servres fees SubscApkn8 &)ok publishlng and othef 1.008 3.709 12,673 24,QOO 918 19,262 562 9,ga3 31,ODO 878 10,¥d2 61,570 53.671 Analyl8 by fund IreS1Cted funds 61,570 53,671 Net mov•ment Sn ftsnd4 2023 2022 Th& net movamgftt in funds18 Stat¥d after thorgin(CredIngl'. Dermatlcl) ol owned tang10 fixed assels 1,008 Trustaes Nong of the tnJst¢¥ lor any p8rwn8 connected wth Iheml r8rived any neration (K neffits from thg ¢harity during th8 year.
JTAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Employ008 Th? average monthly number ofemptDy8es during lh• yearwa8.' 2023 Numl 2022 Numb•r Vrlurteerg The We no emplty•¥s whos• annual remuneradon was mcK8 than £60.000. R•rnun•ratlon of key rnanag•ment porsonn•l The ofkey management Pgrsomel was as follDWS.'
JTAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Oiherexp&ndllure UM8Strfct•d ijnresblctad fd$ funds 2023 2022 Admin18tration exp8n885 Bank cliarges Sundry expen8es 9,113 15 9.119 3,458 Thx40Tr The thgrity i¥ exemptlrom tsxation on its activtbes because ai Its IrKome15 applth fortharitable purpo¥o8. 10 Tan4lbl• flx•d a860ts Flxlure¥Jnd mtino$ Cost At 1 S8Pt8mber 2022 Addthons 1.532 3,813 31 ALVUSt 2023 0gpro¢1otlon and Impalrrn•nt Ai 1 Sopternber 2022 Deprection charyed in Iha year 306 1,008 At 31 Auyust 2023 1,314 C4nyln8 amount At 31 Awust 2023 4,031 At 31 August 2022 1.226 11 Cr•dli(>ré: amounts hlllng duD thin year 2023 2022 Trade creditors 2241 10-
JTAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 12 Rtri¢d fvnd Th8 rsthcted funds of the charity c¢mw1se the UneXpend bdanc8s of thnthons ond grant8 on trust subject to specifie CondiOn9 by do¢Krs as to howthey may bg used. At 1 At 31 August Soptornbor 2023 2022 2,427 2,427 yoar. At I At 31 August S¢ptambèr 2022 2021 2.427 2.427 13 Unr•BtriGt•d The unrestricted fund$ olthe Charity comprise the unexpended balances oldonatknns and grants ¥thith ar¢ )t ¥ubject to specffic Cdi.( by donors and grarlovs as to ttow th8y may used. These Ni¢lude deslgnated furKls whlch have been sel aslde Dut of unresMd8d fund5 by the trust8•s for spe¢lfic purpos06. Ai1 In¢omkng Resoure•s At 31 AQu•l Saplember resou •xp•nd•d 2023 2022 G¢noral fund$ $3,627 88,002 (70.8891 69,14D Pmlous year: At1 Septèmber 2021 Incomlng Resourcès At 31 August resources expendpd 2022 G&neI fijnds 34.196 76.760 157,1291 53,827 14 Related party fran0alon& There were rrf) dlsdos8b18 related party transactions durfng th8 year.