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 Indep￿￿nI examineffs reFt)rt ststwDgntof financial aclvft￿g 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 stst*n¢nts havtr been prepared In *t¢f*danc8 the ocojunung pd*?85 8et out In not• 1 to thè ￿n￿¢181 $tstgments and comFly wlth the £hariW$ g￿M￿g docutnenL th? Ch8r*bos Act 2011 and 'A¢¢ountlng ond R8porting by ChaiiJ"•s: Statement of Reeornmended Pwbee applicab￿ to chaiiies preparing their accounls aL￿rd￿Ge wsth thg Flnanclal R•por￿ng kndard aPp￿ra1￿6 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￿$h rel13￿n for the benorrt ol the publ1¢ mahty, but not axclusivdy, Ihrough the 1K$￿Ing of lectures and andkjr dlsseminalng material wa modem lechnolo9y in order 1hat J￿s￿ peoye le8m to praciiee Jhefr ￿l910n and gain a daèper undetstanding of ifs r4chnos$, ￿ritag& and C￿lture. Th8 trvstse$ hav& pald due regard to guldarKx rssuad by thè Chorlty Cornmis￿on In dei2thng what8CtIMtks thB chaity Should und8rtaka. Achi•voments and p•rfovmane• Du14ng the period, JTAP digrt1s￿ mych of th& e￿Sling m&tOfial af a wortd da6s edueatsr of Jewlsh thought & p￿lO50phy, malnty In the form ol cyeatsng B W8bsh8 and ￿￿0a¢JI￿a 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 re￿tIOn to the webshe.. Webslte aTrJ Nv￿518tt8r Wsbsit¢ unique wewors since incepkn.. 18,128 N8wslett•r $ubsc¥lb8ts'. 646 nwdetters sent out.. 14 veragè Dpen rats.. 70% have be9n watch8d by over 1,000 peo￿¢ Weblnws doJbs s￿￿fiCallY for 8ub8cri￿rs'. 1 Pg￿1? attgnded: Average numberof peo￿• who emal In tL) gmall address wllh que8tJong.' 3 per day Audto confent". number of audlo I•Gtur88 dDwnk)adgd.. 664 IthiB f88ture wa$ ana￿ad iwo month$ ago) number of audi) li*en'$.' 13,400 Flnan¢Fal rèvlèw Tho ir￿Orn& 18 mainly deAved from donation& Exp•nditure, primarily on Charit4b￿ activllles, Msul¢ed in a rEt surplu8 Iricomg ovar oxpendrtuts gf £19,631. Th8 trusts6$ con81der the lunds 9engratsd In the year under rBvrew to be Suffic￿[￿ to m¢gt Iho charitsNg tru6fs obje¢tives ond the po￿￿on 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 cha￿ty 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 State￿ents carrigd undgr sadion 145 of lh8 2011 L In Garryiry Dut my examin8tDn I have follt)wad al the appli￿ble DIre¢t￿n$ gv8n by the Charity COM￿155￿￿ undFJr seLknn 14SlSllbl of the 2011 kt. Ind?￿nd?￿t •x•mln8¢8 8tat8rnont Your atte￿70n L8 drawn to the 18Ct that the cl)arEty has prepared $tatev*nl$ in 8ccord8nce wlh Accounllng Roparfng by Chadtb8 pr￿rIng Iheir acco￿￿ In accordan￿ wtth the Flnandgl ReportiNJ Standard appllcatrAe in the UK and RepUt￿lC of Ireland IFRS 102) In prèference to th&A¢counting and Reporting by ChaFrbes'. Staternent ol Recomwnend8d pract1￿ l$sued on 1 April 2005 whlch Is rpferTed to in thg extant r8gulaVons bui has now wthdrawn. l under51and that Ihls has been done In ¢)￿¢T br fin8nc(al stateffl£nts to provide a tNO and fatr *i8w in 8cLordan wlth GenorallyA¢cepterl Accountirq Practice effeth¢ for tgporting PPtK)L15 iwlnrring on or aft•r l January 2015. I h8ve completed my oxaminatKtrn. I confiffli that no matters have ¢om6 to rny at18nlion in wnmdion wth the examinatiDTr giV￿g me cause to that n any rn8t8rial ￿Spo¢t.. accourrting r£&)nls were not k8Pt ￿ respect of the thafity as r8ouired by sethon 130 ofth• 2011 A¢ or thè finantldl statements do not a¢oyd With tho58 records., or Iho financjal stalernants do not with thfj ap￿iC8￿e requlrémènts conceming Ihe fvjrtn and contenl of awDunts Set out in th8 Chath$ (Accounts and R8P(¥t51 Reguldon$ 2W8 otherthan any r￿Virgment 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 e￿nd￿re 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$0t• ¢UbY•nt ￿a￿lItIeS 71.587 56.254 N9t 9x￿dIng p•i$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 ¢k*rxLment, th• Charits8s Act 2011 aThY "Acts)untin9 and Reportiro by Charrtles.. stst8Th￿nt of ReLKrnrnended Pra¢lK¢ aprlicablg to charitie8 proparing th8lr 8CCOUTrf5 in attordanco wllh the Flnandal Repwtlng Stand8rd aw1ca￿a in thè UK and Republ￿ of I￿18￿ IFRS 10211gffeclr4* 1 January 20191.. The chanty is a PU￿4¢ Benafft Entity as d8fin8d by FRS 102. Th8 charfty ha5 laken adV￿￿È olthe provi31c￿$ In th• SORP applyiry FRS 102 Upd4to Bulletin 1 notto prepare a Stat•ment of Cash Flows. Th• fin￿￿1a1 stat8m•nts hav8 depart￿ from th? charl￿9$ (A¢rJ￿nt5 and Rw(¥tsl R8gulakn$ 2008 to the extsnt requ￿ed 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 ReCA￿MInd8d F￿￿¢È Ythkh 1$ ro1onBd to in the Regukntyon8 butknthich has sffjce b￿n ￿￿thdraWn. The finan¢ial stalemÉn15 prepared in $terfkng, which is lh$ fund*)nal ￿ry*n￿ 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 o18pp￿￿n9 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 avall**b 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 cat*tal must b8 malntslr￿l LIY the tharty. 1A Incon* InoNne Is racLyJnls8d when thè thartty Is legally entilbd ￿ it after 8ny perfomance c4)ndi￿n￿ have been mat, the amounts w be rneasured rellably, ￿ tt is probable that In¢omè wil ￿ rec*fved. Cash donafi(m$ ar• recegniged on re(*lpt. Othgr donations arg recO￿lsed onc* thè thar+ty hes been fiottfigd LY the donaiion, unk8ss P9rfonna￿8 con￿￿On8 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 distri￿t￿n. 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• ReStyjr￿s expthjed are Ind￿￿¢d in th8 finan￿8[ statefflent8 a8 tIN8y b8¢X¥T￿ du8. 1.6 Tenglble ffixgd ass9ts Tangiblè fixed assets a￿ Inttlally rneasurnd at cost and 8ube8qugndy rn8o$urgd at ¢981 or va*Ja15Dn. net of deF￿a￿On and any impairn1gnl losses. Dwwiation is recognised so as to off the coit or valuBfjon of assets their rg$idual values 0¥6r thelr 8efvl Iivg? on thg folbwing baw.. F￿lureS 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 tangl￿e 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 estin*d In OTdgr to Ihe extent of thg irnpairment 108$ lil *yl. 1A Cash and cash egulvahnts C￿h and c•sh equIVa￿ftts indude Cash In hand, depo$il$ he>J at ¢811 wth banks, Olhar short4•m) 15q￿d Inv&thents wth owlnal maturit￿$ of tfvee months or less, and bank ovwdtsft5. Bank overdrafts are $I￿n wqhin l)oThin￿ in current l￿bIlItieS. Bask fin8n¢ial J8S9t$. 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 paYn￿ntS discount&d at 8 marf(et r8to of interest. Finan￿al 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 chari￿8 accoLmting polld¢s. the trust￿ ar8 to makejudgements, esllrnat8¥ antt as8umptions about the carying amount of assets and li8bilitss Ihal ar• not [s￿lI1Y 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 Underf￿n9 888umptlons aro rav￿Wed on an L¥woir¥J bAsls. Re￿￿ton$ to accountlng esl'rngt•s arè recDgnls&d In lh8 pgrlod in the estimate is r•wséd where the reV￿10Th affects onty that perfod. cr In th• of th8 r•vblon and futu￿ perfod$ where the r￿$1)ft aff&cls both Current &Thd f￿Ule peiiods. Income from donallon8 and l•oA£l•* Vnr•strlGtqd Unr¢strf¢ted lunds fund$ 2023 2022 Donalk)ns 8nd glfts 76.7 Exp8nn8 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 Analy*l8 by fund I￿reS1￿Cted funds 61,570 53,671 Net mov•ment Sn ftsnd4 2023 2022 Th& net movamgftt in funds18 Stat¥d after thorgin￿(CredI￿ngl'. Dermatlcl) ol owned tang￿10 fixed assels 1,008 Trustaes Nong of the tnJst¢*¥ lor any p8rwn8 connected wth Iheml r8r*ived 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 f￿d$ funds 2023 2022 Admin18tration exp8n885 Bank cliarges Sundry expen8es 9,113 15 9.119 3,458 Thx4￿0Tr 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 Deprec￿tion 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 R￿tri¢￿d fvnd* Th8 rsthcted funds of the charity c¢mw1se the UneXpend￿ bdanc8s of thnthons ond grant8 on trust subject to specifie Condi￿On9 by do¢K*rs 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 C￿di￿.(￿ 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 A￿Qu•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&ne￿I fijnds 34.196 76.760 157,1291 53,827 14 Related party fran0a￿lon& There were rrf) dlsdos8b18 related party transactions durfng th8 year.