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2023-12-31-accounts

Charity registration number 1195764

Company registration number CE028167 (England and Wales)

JEWISH CHILDS DAY CIO

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

JEWISH CHILDS DAY CIO

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Charity number 1195764 Company number CE028167 Honorary Patron Patron

The President of the State of Israel

The Jewish Chronicle Mrs Joy Moss MBE

Life President Honorary Presidents

Rabbi Joseph Dweck Rabbi Jeremy Gordon Rabbi Andrew Goldstein Rabbi Laura Janner-Klausner Chief Rabbi Ephraim Mirvis

Chairman

Mr Charles Spungin

Vice Chairman Mrs Virginia Campus Honorary Treasurer Mr Gary Cohen Honorary Secretary Mr David Collins Executive Council and Trustees Mr Charles Spungin Mr Gary Cohen Mrs Joy Moss MBE Mr Stephen Moss CBE Mr David Collins Mr Melvyn Orton Mrs Virginia Campus Mr Richard Reinhold (Appointed April 2023) Mr Joshua Pelled (Appointed May 2023) Mr Eli Haroush (Appointed September 2023) Mrs Miri Benchetrit (Appointed September2023) Ms Lucy Adelman (Appointed November 2023) Mrs Elizabeth Apfel (Appointed November 2023)

JEWISH CHILDS DAY CIO

LEGAL AND ADMINISTRATIVE INFORMATION

Grant Allocation Committee Mr Simon Assor
Mrs Karen Danker
Mrs Maxine Elias
Rabbi Andrew Goldstein
Mrs Amanda Ingram
Mrs Emma Kafton
Mrs Gabrielle Ludzker
Dr Simon Nadel
Mrs Eve Oppenheim (deceased June 2022)
Mrs Lucie Spungin
Mrs Joanne Weir
Mrs Simone Wilson
Mr Richard Reinhold
Mrs Susie Ollins
Mrs Gaby Lazarus
Mrs Francine Epstein
Executive Director Mrs Anthea Jackson
Principal address Floor 1 Elscot House
Arcadia Avenue
London
United Kingdom
N3 2JU
Registered office Elscot House
Arcadia Avenue
London
United Kingdom
N3 2JU
Auditor Gerald Edelman LLP
73 Cornhill
London
EC3V 3QQ
Bankers National Westminster Bank Plc
PO Box 83
Tavistock House
Tavistock Square
London
WC1H 9XA
Investment Advisors CCLA
One Angel Lane
London
EC4R 3AB
LGT Wealth Management Limited
1 Lochrin Square
92 Fountainbridge
Edinburgh
EH3 9QA

JEWISH CHILDS DAY CIO

LEGAL AND ADMINISTRATIVE INFORMATION

Solicitors

Solomon Levy & Co 33 Alma Street Luton LU1 2PL

JEWISH CHILDS DAY CIO

CONTENTS

Page
Trustees' report 1 - 8
Statement of Trustees' responsibilities 9
Independent auditor's report 10 - 12
Statement of financial activities 13
Balance sheet 14
Statement of cash flows 15
Notes to the financial statements 16 - 28

JEWISH CHILDS DAY CIO

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objectives of the charity are to provide public benefit for Jewish children in necessitous circumstances in the United Kingdom, Israel and elsewhere, whilst promoting the principles of Tzedakah (charitable giving) to Jewish children and in connection therewith, to raise money for any of the charitable purposes for which the organisation was formed.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Information of matters of concern to employees is given through information bulletins, and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the charity’s performance.

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort would be made to ensure their employment with the charity continues and that appropriate training would be arranged. It is the policy of the charity that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Achievements and performance

As JCD reflect on the successes of 2023, they recognise that these accomplishments must pave the way for future growth. The focus remains on securing sustainable funding, exploring innovative fundraising strategies, and expanding reach to engage new donors.

Grant making policy

The grant making policy of JCD is to fund projects and programmes in the UK, Israel, and elsewhere that support children in special need. Grants are paid to partner organisations or to fund projects run by other organisations, either from restricted funds or by way of discretionary grants from unrestricted funds.

The completion of the conversion to a Charitable Incorporated Organization (CIO) has laid a stable foundation for JCD’s future endeavours.

Challenges and Responses

The celebration of the charity’s 75th anniversary marked a significant milestone for JCD in 2022. The team's dedication and hard work led them to achieve a remarkable feat: awarding grants exceeding £1 million for the first time in the charity’s history.

JEWISH CHILDS DAY CIO

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

The on-going situation in Ukraine, has still meant that JCD is unable to support projects in Russia, although they continue their support of projects in Ukraine.

JCD’s fundraising efforts face considerable challenges as the community shoulders increasing demands. The rising cost of living affects both the recipients and donors, compounded by the impact of conflicts in Israel and Ukraine. Navigating these challenges involve a multi-faceted approach. Adapting programmes to the changing circumstances and being agile in responding to emerging needs has been crucial. JCD has been able to deploy emergency funding from their reserves in times of crisis whilst highlighting emotive stories of the impact of these grants which has strengthened donor relationships as well as demonstrating financial transparency.

Recruitment of new Trustees and Grant Allocation Committee (GAC) members

Welcoming new Trustees this year: Eli Haroush, Elizabeth Apfel, Joshua Pelled, Lucy Adelman, Miri Benchetrit and Richard Reinhold, bring a diverse array of skills spanning business, finance, marketing and grants management. Their combined wealth of knowledge promises to enrich the board's strategic vision and bolster the capacity to drive impactful initiatives forward and has signified JCD’s commitment to diverse perspectives and strengthen JCD’s governance.

Miri Benchetrit who has vast experience with grant giving, has been appointed to steer a sub-group to scope out the new processes and to chair the GAC.

Staff Recruitment

In January 2023, the addition of a grants manager Dalit Boutboul in Israel has showcased positive impacts on JCD’s operations in the region. Part-time consultant, Dalit provides firsthand insights into Israel’s needs and having her onground presence enhances JCD’s ability to establish meaningful connections as well as developing new relationships.

It was agreed that JCD would review the structure of the income generation team with an intention to consider a new role focusing on community outreach and connections to communities outside of London. This entailed a restructuring of roles within the organisation resulting in the necessity of making a staff member redundant.

In September, Tal Gelman was appointed as ‘National Community Outreach Officer’ which is a full-time position.

The aim of this role is to increase visibility and awareness about JCD’s cause, mission, and activities to gain new supporters, donors, and volunteers from different parts of the country, especially with the younger demographic as well as creating new ambassadors and young professionals. This will lay the foundations for the longevity of the charity.

There are now 4 members of staff working Monday-Thursday (full-time) and 4 part-time members.

The charity's policy is to consult and discuss with employees, through staff councils and at meetings, matters likely to affect employee's interest.

Grant Allocations 2023

JCD continues to develop partnerships with beneficiary organisations in the UK, Israel and other countries and awards grants throughout the year to support Jewish children in need.

Unrestricted grants were considered in detail by the Grant Allocation Committee and meetings took place in March, June, and November 2023.

The grants allocated totalled: £965,094 (2022: £1,004,526) to 88 organisations, which is broken down by country: Israel 49, United Kingdom 36, and Rest of the World 1. *This includes emergency funding to Israel.

JEWISH CHILDS DAY CIO

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

*Emergency Funding to Support Israel

After war was declared in Israel on 7 October, urgent requests for funding were received from many of our projects in Israel. At an extraordinary trustee meeting on 19 October, it was agreed that Jewish Child’s Day would commit to supporting children in Israel affected by the war.

JCD awarded 19 emergency response grants to Israel totalling £104,525. The funds were used for a variety of projects, including: games, toys, puzzles, baby supplies, baby essentials and food vouchers for displaced children who had left their homes; a portable safe space for a therapeutic horse-riding centre; portable paediatric beds so that babies can be transported easily and quickly to protected spaces, online social and emotional activities and support for 200 deaf and hard-of-hearing children and teenagers; a Safe Play and Respite Area and trauma therapy.

The Chanukah appeal was brought forward and dedicated to raising funds specifically for the purpose of ‘Rebuilding Lives’ of children and young people in Israel.

Earmarked/Restricted funding (including Bar/Bat Mitzvah twinning and child sponsorship) significantly increased in 2023. Overall earmarked grants awarded were £567,691 (2022: £156,864).

This included an earmarked donation of £415,300 to a hospital in Israel for sequencing equipment to support genomic medicine for children in Paediatric Intensive Care. The breakdown for these earmarked funds is Israel 9 and Rest of the World 1.

As a result of the due diligence and work carried out to ensure that earmarked funding meets JCD’s requirements, an administrative fee has been introduced. This year the fee has generated £10,811 (2022: £7,176).

Israel Trip June 2023

In June, Adele Busse and Dalit Boutboul (Grants Officer based in Israel), visited 17 projects throughout Israel, all of whom had either previously received a grant or were potential beneficiaries of a grant in the future.

Fundraising Activities

Below is a table of Donor engagement in 2023

No of Donors
Repeat 271
Increased 874
New 363
Recovered 650
Decreased 183
_____ ______
Total 2,341

Appeals & Newsletter

The total received from Pesach, Rosh Hashanah and the ‘Rebuilding Lives Appeal’ which replaced the regular Chanukah appeal, was £226,241 (2022: £204,480).

The July Newsletter exceeded its budget forecast bringing in £22,229. There was no equivalent Newsletter in July 2022.

JEWISH CHILDS DAY CIO

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Events Income

Live events made a welcome return to the JCD calendar in 2023. The inaugural Business Breakfast and the ‘Shoes and Schmooze’ Ladies event were well attended, engaging both existing and new supporters. Sponsorship of the Israeli London Film Festival brough in a modest £1200 in ticket sales but gave tremendous exposure to an Israeli audience that had not previously been tapped into before which has developed significant and valuable relationships.

In 2023 JCD saw the launch of Jewish Child’s Day’s National Day of Giving which will become an annual event in the calendar. This was a nationwide fundraising project involving Cheders, Schools, Universities and Synagogues. The initiative of selling Jewish Child’s Day branded Chanukah candles was a resounding success. The Office also hosted a Ladies Clothing sale which was very well attended. In total, the National Day of Giving raised more than £20,000.

Events income totalled £41,288 (2022: £1,000)

Please see note 3 for details of other income streams.

• Legacy Income

Legacies can be a significant source of income yet unpredictable. The total income this year was £640,801 (2022: £94,397).

JCD continues to raise awareness of legacy through campaigns and on-going membership with Jewish Legacy forum and this year JCD has aligned with ‘Bequeathed’ which offers a ‘free Will’ writing service.

A targeted legacy campaign was circulated in April 2023 and JCD has been notified they will be a recipient of one or two legacies in the future.

• Bar/Bat Mitzvah Twinning Programme

The JCD Bar/Bat mitzvah twinning programme continues to be a significant opportunity for children in the UK to learn about life in Israel. It allows the UK children to connect with their Jewish heritage, traditions, and values by twinning their Bar/Bat Mitzvah with a child that shares a similar ideology. The programme involves supporting a child from a disadvantaged background or region and benefits the children to have a connection through emailing and communication.

Efforts are currently in progress to enhance engagement with Bar/Bat Mitzvah children, aiming to foster a stronger sense of belonging, amplify their impact, and facilitate greater overall involvement.

Collaborations, Community Outreach and Sponsorship

This year has been marked once again by a diverse array of events and new initiatives/collaborations that have not only showcased JCD’s commitment and mission but also fostered existing and new connections within the wider community. Through engaging events such as the Women’s Shoe event, the Women’s Nearly New Sale, and the Business Breakfast, JCD has not only raised awareness but also gained significant financial support for the charity. These events have not only been pivotal in raising funds but have also served as platforms for community engagement as well as opportunities for networking and developing new partnerships.

PR and communications play a significant role in the charity as this establishes clear communication and trust with our donors. JCD has featured prominently in various tabloids, e-newsletters, charity magazines as well as across all social media and digital platforms.

JEWISH CHILDS DAY CIO

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

• Seret Israel Film Festival – May 2023

While direct financial gains might not be immediately evident from sponsoring events such as the Seret Israeli Film Festival, the intangible benefits in terms of audience expansion, community outreach, and relationship-building can contribute significantly to JCD's long-term growth and impact. These initiatives lay the groundwork for fostering a more connected, engaged, and supportive community around the charity's mission and values.

• Israel Business Forum/Jewish Agency – 75th anniversary, Yom Ha’atzmaut Community Picnic

As this anniversary aligned with JCD’s existence of almost 76 years, it was deemed as an important and poignant collaboration to work alongside an organisation that shared JCD’s deep-rooted history, traditional values, and community spirit. There was a real sense of community celebration and togetherness allowing JCD to reach a wider audience of 1500 adults and children.

• Gesher – Family Fun Day – July 2023

Gesher school is a project that JCD has supported for almost five years and sponsoring an element of the family fun day at Gesher aligns with JCD’s values of inclusivity, community support, and social responsibility. Whilst the collaboration provided mutual benefits by sharing resource and expertise, JCD was able to reach out and engage with a new audience within the school. The majority of the staff attended this even ensuring a concrete relationship continues to grow.

National Community Fundraising & National Day of Giving

The teaching of traditional Jewish values through community outreach is as a fundamental and educational element for JCD.

Since joining Jewish Child's Day (JCD) in September, Tal Gellman has undertaken a series of impactful initiatives. Together with the Executive Director, she spearheaded a successful national Chanukah campaign, distributing Chanukah candles in kosher shops across London, Manchester, and Glasgow, along with pushing individual purchases nationally. Tal has also played a key role in engaging with universities for JCD's National Day of Giving, securing donations through various creative channels such as Friday night dinners, doughnut sales, pre-drinks, and pub quizzes in locations like Leeds, Nottingham, Warwick, and Edinburgh. Additionally, she has made connections at Manchester University and is in talks with other university JSOC Ball Committees, in the hope of being a charity of choice. Tal has worked with many schools over the last 3 months, with further engagement with JCoSS.

JCD launched their annual art competition at JCoSS, encouraging children to create flyers for the charity during their lessons. Also, JCD took part in their Rosh Chodesh activities, where the children decorated Jewish Child’s Day donation boxes for their National Day of Giving. Tal successfully collaborated with 18 schools and cheders for a special JCD day where children dressed in blue and donated £1. The amount raised with all these initiatives totalled at £18,257.

Tal's involvement in the Zone Party, in collaboration with synagogues in NW London, has created vital connections, with hopes of acquiring cohorts of children for JCD's twinning programme. She has received interest from Mill Hill Synagogue and will be running a session in February 2024 connecting a new group of children with JCD. Additionally, she established a Young Professional Committee of 10 members who are organising a comedy night in April 2024 and will hopefully engage the younger demographic, engaging them in the work of JCD.

Office Management

The office manager has rectified numerous donor records and eliminated duplications, resulting in substantial data hygiene improvements. Additionally established and documented a systematic import/export mechanism. This enhancement will significantly expedite data requests, ensuring quicker turnaround time.

JEWISH CHILDS DAY CIO

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Finance Management

The management accounts are prepared at month end of every month in the financial year. These are sent to the Treasurer and Executive Director and quarterly to the Chair. The management accounts include the balance sheet, P&L, cash creditors and debtors, aged payables, statement of cash flows and the depreciation schedule. Attached to the management accounts are explanatory notes prepared by the Finance Manager.

In 2023, the insurances, electricity utilities, website provider, marketing and communications provider marketing platform provider, office lease, franking machine contracts were all reviewed, and companies changed where appropriate to make some savings.

JCD changed their currency conversion provider as they offer better rates ensuring that benefactors receive a higher amount.

In 2024, JCD will undertake a comprehensive review and update of its existing policies, ensuring alignment with the highest standards of due diligence and effectiveness where necessary.

Future Events 2024

JEWISH CHILDS DAY CIO

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

The net income for the year amounted to £300,513 (2022: £1,161,855) which includes a gain on revaluation of investments amounting to £127,708 as described under note 10.

The Statement of Financial Activities shows that income from all sources amounted to £1,697,904 (2022: £2,894,322). The decrease is primarily due to the transfer in the prior year from the old charity of £2,072,251 which arose on the setting up of the current CIO. There was also an increase in Other income with income received of £10,811 (2022: £7,176). Investment income for the year was £nil (2022: £9,235).

Expenditure decreased by £39,216 to the sum of £1,525,099 (2022: £1,564,315). The majority of this decrease is related to lower levels of grants paid in the current year. Support and governance costs decreased by £1,659 to £463,159 (2022: £464,818) as a result of increased salary and computer costs.

Scrutiny of the balance sheet reveals net assets held by the Charity of £1,462,368 compared to the prior year figure of £1,161,855 representing an increase of £300,513. Cash at bank retained was £236,738 (2022: £82,851) at the balance sheet.

The Trustees have reviewed the ongoing funding requirements with regard to the future. They have adopted a policy whereby a reserve is created representing a level equivalent to 12 months expenditure to enable the operations of the charity to continue if unforeseen financial or other circumstances arise. The unrestricted reserves at the year end were £1,452,854 which is in line with the aforementioned policy. Separate restricted funds have also been established which had a balance of £9,514 (2022: £9,781) at the balance sheet date. See note 18 for further details.

The investment portfolio held as at December 2023 had a market value of £1,226,724 (2022: £1,099,016) aimed at producing income and capital growth to support the Charity's activities. The portfolio is invested in UK equities and quoted fixed interest bonds. A gain on disposal and revaluation of investments accrued in the year of £127,708. Of this sum £106,957 related to COIF Charities Investment Fund and £20,751 related to LGT Wealth Management.

Structure, Governance and Management

Jewish Child's Day CIO is a Charitable Incorporated organisation which was incorporated on 9 September 2021.

The Trustees who served during the year were: Mr Charles Spungin Mrs Virginia Campus Mrs Joy Moss MBE Mr Stephen Moss CBE Mr Gary Cohen Mr Melvyn Orton Mr David Collins Mr Joshua Pelled Mr Richard Reinhold Mr Eli Haroush - appointed September 2023 Mrs Miri Benchetrit - appointed September2023 Ms Lucy Adelman - appointed November 2023 Mrs Elizabeth Apfel - appointed November 2023

JEWISH CHILDS DAY CIO TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Shall be appointed (or re-appointed as the cas8 may bel for a three.year term of office. No appointment or ie4ppointmenl shall be ma¢Je when the Twslee in question has held Offi￿ for 9 yeais or more, (whether nsecutive or not) unless the continuing Trustees resolve that ther¢ a￿ specT'al urcumstances requiling the re- appointment of the Trustee in question, in which case the Trustee in q￿tion may be re-appointed for a further term or terms of such length 8$ is determined by the Board, provided Ihal such fvrther addttional term or terms is or are approved al a meeting by the 8oaTtI. Malor risk5 The Trustèes have ass8ssed the major risks lo which the charty is exposed, in particvlar those ￿lated lo the operation5 and finance of the tharty, and havg developed a risk management str81egy which involves the folbwing.. an annual review of the principal risks and uncertainties that the charity face the establishmènt of poliuès, systems and procedures lo mitigate risks identified the implernenlalion of prDcedurps designed to minimise or martage any potential impact on the charity should those risks materialise Disclosur• of infomiation lo auditor Each of the Trustees has confirmed that th8re is no inf0m￿li0￿ of which they are awa￿ which is relevant to the audit. but of which the auditor is unaware. They have further confimied that they have taken appropriate steps lo idèntty such relevant inlomation and to establish that the auditor is aware of such inforrnalion. Th8 Th$tees' ￿pOrtwaS approved by the Board of Trustses. Charles Spungin Trustee Dale=

JEWISH CHILDS DAY CIO

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees, who are also the directors of Jewish Childs Day CIO for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires The Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

JEWISH CHILDS DAY CIO

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF JEWISH CHILDS DAY CIO

Opinion

We have audited the financial statements of Jewish Childs Day CIO (the ‘Charity’) for the year ended 31 December 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

JEWISH CHILDS DAY CIO

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF JEWISH CHILDS DAY CIO

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the Charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The auditors' explanation of its audit response will depend on the risks identified but may include:

JEWISH CHILDS DAY CIO INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF JEWISH CHILDS DAY CIO To addr&ss the iisk of fraud through management bias and Ove￿ide of controls, wp.. Performed anafyti¢al pro¢edures lo identfy any unusual or unexpected relationship8. A￿ltIng the risk of management override of controls, indudlrwJ through testing journal entries for 8ppr(>priatenÈss. In response lo the risk of irrpgularilies and complian¢e with laws and regulations, we (Jesignal pn)eedtJres which indud•d, bul are not limited to.. Agre91ng finanoal stslements disclosures to underlying 3UPlYJrting docum8nt8tion. EnquiTing of Management as lo aciual and potential litigation cjaims. R¢￿eWIng relevant profft and loss account items for ewllence of lilig8tion. The lesl nature and other inh¢renl h.mItst￿ns of an audit. together Wlth the inherent limit8tions of any accounting and inlemal cont￿1 8yslem. me8n that there is an unavoidable rTsk Ihat èven some material mlsstatements in respect of irregularities rnay Temain undiscovered even though the audit is properly planned and performed in a¢cordance with ISAS {UK). Furthermore, the more removed that laws and regulations are from financial transactions, the less likely that we would become aware of non-compliance. Our examination should therefore not be relied upon to dis¢lose all such matetlal mlsstslements or frauds, errors or inslan(ts of non-compli8n¢e that might exist. The responsibilty for safeguarding the assets of tho Company and for the preventTon and detection of fraud, error and non-compliance with law or Teguiations rests with the Twstees. A further descripb'on of OUT responsibilities is available on the Financial Rèporting Counal's website al-. MtP8.'11 vAw.frc.org.uklauditorsresponsibilitses. This description fomi$ part of our audilor's report. Usg Of our w•port This r8POrt is made solely to th8 charitys trustees, as a body, in accordawKe with part 4 of the Charilies (Aco)unts and Reptsrtsl Regulations 2fJ08. Our audit work has been undertaken so that we might stste to the charity's trustees those rn8tters we ale required lo state to them in an audtiorfs report and for no other Purpose. To the fullèst 8Xt8nt permrtted by law, we do not acKepl or assume re5ponsibilily lo arryone other than the charity and the ¢hartys truslges a$ a bady. for our audit work, for this report, or for the opinions we have fom)ed. Stephen Coleman ACA (Senior Statutory Auditor) for and on behalf of Gerald Edelman LLP Charterèd Accountants ststutory Auditor 73 Comhill London EC3V 3QQ G¢ral¢J Edelman LLP is eliqible for appoinlmenl as auditor of the Chartty by virtue of its eligibilty for appointment as auditor of a company under ￿eC￿On 1212 of the Companies Act 2006. 12-

JEWISH CHILDS DAY CIO

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Voluntary income
3
1,119,399
567,694
Other Income
4
10,811
-
Investments
5
-
-
Total income
1,130,210
567,694
Expenditure on:
Raising funds
7
86,419
-
Charitable activities
6
870,719
567,961
Total expenditure
957,138
567,961
Net gains/(losses) on
investments
12
127,708
-
Net income/(expenditure) and
movement in funds
300,780
(267)
Reconciliation of funds:
Fund balances at 1 January
2023
1,152,074
9,781
Fund balances at 31
December 2023
1,452,854
9,514		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
1,687,093
2,721,047
156,864
10,811
7,176
-
-
9,235
-
1,697,904
2,737,458
156,864
86,419
86,086
-
1,438,680
1,321,365
156,864
1,525,099
1,407,451
156,864
127,708
(168,152)
-
300,513
1,161,855
-
1,161,855
-
-
1,462,368
1,161,855
-		 Total
2022
£
2,877,911
7,176
9,235
2,894,322
86,086
1,478,229
1,564,315
(168,152)
1,161,855
-
1,161,855

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

JEWISH CHILDS DAY CIO BALANCE SHEET AS A T31 DECEMBER 2023 2023 2022 Not•8 Flx•d assets Tangible assets lnv85tM￿ts 14 16 12.375 1,226.724 18.073 1,099.016 1.239,099 1.117.089 Current068¢ts Debtors Cash at bank and in hand 17 64,034 236.738 25,451 82,851 300,772 108.302 Creditoys: amounts falling due within one year 18 77,SD3 63.536 N•t ¢urrÈnt as¥•ts 223,269 44,766 Total assets less CUTrnnt liablllUe8 1,462,368 1,161,855 Income fund$ Resln"¢ted lunds Unreslrided funds 19 9.S14 1,452,854 1,161,855 1,462,368 1,161,855 The financial statements were approved by the Trustees on . Charles Spungin TnJ$tse 14-

JEWISH CHILDS DAY CIO

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
23
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Proceeds from disposal of investments
Investment income received
Net cash (used in)/generated from
investing activities
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
£
£
154,366
(479)
-
-
-
(479)
-
153,887
82,851
236,738		 2022
£
£
(615,494)
(5,418)
(851,120)
1,545,648
9,235
698,345
-
82,851
-
82,851

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Jewish Childs Day CIO is a private company limited by guarantee incorporated in England and Wales. The registered office is Elscot House, Arcadia Avenue, London, N3 2JU, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised when a liability is incurred. Other grant payments are recognised when a constructive obligation arises that results in the payment being unavoidable.

Costs of generating funds are those costs incurred in generating voluntary income.

Governance costs are primarily associated with constitutional and statutory requirements.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings Over 7 years straight-line basis Plant and equipment 25% on reducing-balance basis Fixtures and fittings 10% on reducing-balance basis Computers 33.33% on reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

3 Voluntary income

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
478,598
567,694
Legacies receivable
640,801
-
Transfer from
unincorporated body
-
-
1,119,399
567,694		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
1,046,292
554,399
156,864
640,801
94,397
-
-
2,072,251
-
1,687,093
2,721,047
156,864		 Total
2022
£
711,263
94,397
2,072,251
2,877,911
Donations and gifts
Unrestricted funds:
New Year Appeal
Chanukah Appeal
Pesach Appeal
Matched Giving Campaign
Heritage/Jewish Charles Day
Tributes
Trustees Donations
Events Income
Trek Income
Fun Run - Income
Newsletter - income
Gift Aid
Blueish Jewish
Bike Ride - Income
TTP Bar/Bat Programme
Box Collections
National Day of Giving
Other donations
Restricted funds (see
note 18)		 2023
£
71,885
101,950
52,406
-
-
4,798
40,000
41,248
-
296
22,229
38,402
3,675
-
1,100
947
598
99,064
478,598
567,694
1,046,292		 2022
£
71,536
23,854
109,090
172,340
6,721
6,995
-
1,000
45,497
400
-
58,716
2,450
1,601
1,209
2,107
-
50,883
554,399
156,864
711,263

Upon the conversion of the existing charity in 2022 to a Charitable Incorporated Organisation a transfer occured whereby the net assets of the existing charity in the sum of £2,072,251 were donated to the new charity.

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

4 Other income

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Administration fees received in relation to restricted grants 10,811 7,176
5 Income from investments
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Income from listed investments - 8,886
Interest receivable - 349
- 9,235
6 Expenditure on charitable activities
Charitable Charitable
activities activities
2023 2022
£ £
Direct costs
Charitable expenditure 84,419 84,086
Grant funding of activities (see note 8) 965,094 1,004,526
Share of support and governance costs (see note 9)
Support 463,159 464,818
Governance 12,427 10,885
1,525,099 1,564,315
Analysis by fund
Unrestricted funds 957,138 1,407,451
Restricted funds 567,961 156,864
1,525,099 1,564,315

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Charitable expenditure

Legacies
New Year expenses
Pesach expenses
Chanukah expenses
Events expenses
Recycling expenses
Bar/Batmitzvah twinning expenses
Newsletter
Blueish Jewish expenses
Trek expenses
Fun Run Expense
TTP Bar/Bat Programme Expenses
Matchgiving Gala Appeal Expense
Heritage Materials
Marketing Design
Recruitment Costs
Regional Events Expense
Royal Mail - incoming mails
Gala Dinner/MGC Expenses
Legacy Mailing - Expense
General Advertising		 2023
£
4,136
7,121
5,880
5,432
19,123
132
513
5,054
357
-
600
5,353
-
-
25,181
127
217
1,855
1,776
662
900
84,419		 2022
£
3,155
4,677
4,350
6,216
2,338
120
660
1,081
1,495
20,760
500
9,913
22,613
8,208
-
-
-
-
-
-
-
86,086

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

8 Grants payable

Unrestricted
Grants
Restricted
Grants
2023
2023
£
£
UK
181,338
2,186
Israel
211,085
565,775
Rest of the world:
4,710
-
Grand Total
397,133
567,961
Grants to institutions:
United Kingdom
The Fed
The Movement for
Reform Judaism
The Together Plan
Charity
Other donations under
£5,000
Israel
Aleh
Beit Micha
Eliya
Family Nest
Grandpa Jack Integrative Therapeutic Center
Gimmel Foundation
Jerusalem Hills Therapeutic Center
Jordan River
Kaima
Ma'agalei Shema
Matzmichim - The Israeli Violence Reduction
Organization
Micha - Haifa and the North of Israel
Misgeret Shmaya
Netanya Foundation
Neve Hanna for Children & Youth
Orr Shalom
Rishon Lezion from Sobell
Ruach Dromit
Seech Sod
Simcha Layeled
Tel Aviv Sourasky Medical Centre
The Therapeutic Riding Centre		 Totals
Unrestricted
Grants
Restricted
Grants
2023
2022
2022
£
£
£
183,524
405,925
2,828
776,860
401,300
153,726
4,710
40,437
310
965,094
847,662
156,864
2023
£
45,523
5,250
16,199
116,552
183,524
7,500
10,000
11,730
5,300
10,000
6,250
7,250
10,000
39,375
6,000
10,500
26,120
15,600
8,042
6,800
10,938
15,750
10,000
6,600
10,000
420,300
10,500		 Totals
2022
£
408,753
555,026
40,747
1,004,526
2022
£
1,604
-
14,720
392,429
408,753
5,000
-
-
4,425
4,000
5,000
3,875
-
25,000
5,000
25,000
27,050
-
21,371
-
1,961
-
-
-
-
-
12,500

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

8
Grants payable
Tsad Kadima
Other donations under
£5,000
Rest of the world
Other donations under
£5,000
Total Grants Payable		 (Continued)
8,000
-
104,305
414,844
776,860
555,026
4,710
40,747
4,710
40,747
965,094
1,004,526		 (Continued)
8,000
-
104,305
414,844
776,860
555,026
4,710
40,747
4,710
40,747
965,094
1,004,526
555,026
40,747
40,747
1,004,526

9 Support and governance costs

Staff costs
Depreciation
Operating lease charges
Other support costs
Governance costs		 2023
£
329,297
6,177
18,500
110,485
11,520
475,979		 2022
£
312,405
6,944
18,500
127,304
8,550
473,703

Governance costs includes payments to the auditors of £11,520 (2022: £8,550).

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. No expenses were paid to the Trustees in the year under review.

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

11 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2023 2022
Number Number
Donations & Legacies 1 1
Grants 1 1
Events and Fundraising 2 2
Finance 1 1
Executive Director 1 1
Communications and Marketing 1 1
Database & Office Manager 1 1
8 8
Employment costs 2023 2022
£ £
Wages and salaries 291,562 277,525
Social security costs 30,988 28,946
Other pension costs 6,747 5,934
329,297 312,405
Remuneration of key management personnel
2023 2022
£ £
Aggregate compensation 76,540 -
12 Gains and losses on investments
Unrestricted Unrestricted
funds funds
2023 2022
Gains/(losses) arising on: £ £
Revaluation of investments 127,708 (168,152)

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

14
Tangible fixed assets
Cost
At 1 January 2023
Additions
At 31 December 2023
Depreciation and impairment
At 1 January 2023
Depreciation charged in the year
At 31 December 2023
Carrying amount
At 31 December 2023
At 31 December 2022
15
Fixed asset investments		 Leasehold
land and
buildings
£
10,692
-
10,692
2,994
2,994
5,988
4,704
7,696		 Plant and
equipment
Fixtures and
fittings
£
£
1,208
1,104
100
379
1,308
1,483
302
110
239
119
541
229
767
1,254
905
997		 Computers
£
12,014
-
12,014
3,539
2,825
6,364
5,650
8,475		 Total
£
25,018
479
25,497
6,945
6,177
13,122
12,375
18,073
Unlisted
investments
£
Cost or valuation
At 1 January 2023 1,099,016
Valuation changes 127,708
At 31 December 2023 1,226,724
Carrying amount
At 31 December 2023 1,226,724
At 31 December 2022 1,099,016
16 Financial instruments
2023 2022
£ £
Carrying amount of financial assets
Instruments measured at fair value through profit or loss 1,226,724 1,099,016

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

17 Debtors

Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2023
£
10,549
53,485
64,034
2023
£
12,996
8,640
42,693
13,174
77,503		 2022
£
9,955
15,496
25,451
2022
£
4,045
3,294
35,769
20,428
63,536

18 Creditors: amounts falling due within one year

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
Previous year:
At 1		 January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
9,781
567,694
(567,961)
9,514
January
2022
Incoming
resources
Resources
expended
At 31
December
2022
£
£
£
£
-
156,864
(156,864)
9,781

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

20 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Fund balances at 31 December 2023 are represented by:
Tangible assets
12,375
-
Investments
1,226,724
-
Current assets/(liabilities)
213,755
9,514
1,452,854
9,514
Unrestricted
Restricted
funds
funds
2022
2022
£
£
Fund balances at 31 December 2022 are represented by:
Tangible assets
18,073
-
Investments
1,099,016
-
Current assets/(liabilities)
34,985
9,781
1,152,074
9,781		 Total
2023
£
12,375
1,226,724
223,269
1,462,368
Total
2022
£
18,073
1,099,016
44,766
1,161,855

21 Operating lease commitments

Lessee

The operating lease represents a lease in respect of rent for the premises used by the Charity. The lease is negotiated over terms of 7 years and rentals are fixed for that period. A counterpart agreement was formally agreed on 17th December 2021 to assign the lease to the CIO Jewish Child's Day.

At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2023
£
18,771
84,334
103,105		 2022
£
12,500
25,000
37,500

22 Related party transactions

During the year, the Charity paid £5,000 (2022 - £50,000) as a grant to JCoSS - Jewish Community Secondary School, of which Stephen Moss CBE is also a Trustee.

JEWISH CHILDS DAY CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

23
Cash generated from operations
Surplus for the year
Adjustments for:
Transfer from unincorporated body
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in debtors
Increase in creditors
Transfer from unincorporated body:
Investments
Net Value of fixed assets
Unrestricted reserves transferred in
Restricted reserves transferred in
Cash generated from/(absorbed by) operations		 2023
2022
£
£
300,513
1,161,855
(2,072,251)
-
(9,235)
(127,708)
168,152
6,177
6,945
(38,583)
(25,451)
13,967
63,536
-
(1,961,696)
-
(19,600)
-
2,062,470
-
9,781
154,366
(615,494)