Charfty number. 209058
J E JOSEPH CHARITABLE FUND
UNAUDrrED
TRUSTEES REPORT AND FINANCIAL 8TATEMEKrs
FOR THE YEAR ENDED 8 APRIL 2020

J E JOSEPH CHARITABLE FUND
CONTEKrs
Rof•r•n¢• and Admlnl•tratlv• D8talh of th• Charlty, It• Tru•ts•8 and Advlogrn
Tru•ts•'• R•port
Ind•pond•nt Examln•V• Report
Statem•nt of Fln•nciwl Actlvhl
Balan￿ 8h••t
Notm to th• Fln•n¢l•l Slat•m•nts
10-20

J E JosepH CHARITABLE FUNO
REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARrrY, rrs TRUSTEES AND ADVISER8
FOR THE YEAR ENDED 5 APRIL 2025
Tru•l•••
Repre88nt8tr￿s of J. E. J088ph Trustao Company Limited
Charlty rtyl•ter•d
numbor
Prlnclp•l offlc•
19 Haw*es* Court
Wstford Road
Radlett
Herti
WD7 8HH
S•cr•tsry
R Leon
Ch•lrm•
R Shemtob
Ac¢ountants
Soph•r + Co LLP
Chartered Attount8nts
5 E18tree Gata
E18tree Way
Borohamwc*)d
WD61JD
Bank•r•
C Hoare & Co
37 Fleet street
London
EC4P 4DQ
InvMlm•nt •dvl•or
Cuenove Capitsl Manggement Llmlted
1 London Wall PIvL•
London
EC27 SAU
Inv••tffl•nt *dvl•or
Canaccord Wealth
91h Fkior
88 Wood Street
London
EC2V 7QR
Invorytmont •dvlsor
ARR In¥e8trn•nt P8rtnors Ltd
9 Ar9￿1 Street
6th Floor
Lorthn
W1F 7TG
Page 1

J E JOSEPH CHARThA8LE FUND
TRUSTEE'S REPORT
FOR THE YEAR ENDED 6 APRIL 2026
The Directors of the Corp)rats Trustee fthe DIr￿tOrS.) present their annual report topthor with the financi81
8talements of the J E Joseph Charrtable Fund for the year 6 April 2024 to 5 &orll 2025.
The financial statements have beon prepared in accordance with the accounting policies set out in notes to the
accounts and compty wth the charW8 governing document. the Charities Act 2011 and the relevant version of
the Stalemenl of Recommended Pradce applicabl? to charities preparing their accounts In 8ccordan¢a with the
Financial Reporting Standard applkabla in the UK and Republic of Ireland (FRS 1021-
ObJ•¢tlve8 and actlvltl•s
•. Pollclm and obJKtIv••
The objects of the Fund are definod as charitabla purposes for tha boneflt of the Jowi8h c(xnmunbty, n8tion81 and
overBeas, namety..
81 Relief of poverty.
b) Relief of affliction8 or suffering- This Indudes car• for the olderly and di60bled chiklron 8nd aduli8.
cl Advancemonl of &Ju¢allon.
dl Advan¢em8nt of tha Jewish rellgion.
•) Other tharrtable objects.
The Dire¢tor8 h8vo pald due regord to guidance1$8ued by tha Charity Comml88lon in d￿d1ft9 what actlvhies the
trust 8hDuld undertake.
In 88tting 0￿8¢t1¥8$ and planning for activlJ68, the Diractor8 havo given due con8ider8tson to goneral guidan
published by the Charity Commis¥lon relallng to public bonefft.
b. Grnnt4n*klng pollcl••
Applic8llonB for grants. from both nthv $nd exi$tlng appli¢ants. are rovlewed throughout the year, taklng Into
8¢¢ount each 8pplicanls actsvlty and benefrt lo the community, its financiol needs, the difference that 8ssistsn¢e
will make and whether altemative Sour￿ of Income may bè available, a￿ayS in accordance with the Fund,
objec18. The Fund receive8 many more appli¢8tion6 fol considoralion than il can 8LbPPOrt from 11$ distributable
Income. In general, grants are made to organisalions rathèr than individuals, #lthough help has octssionally
been given in particulaf cases th81 Could fesull in benefrts for the wider community. The grants aro approved and
aulhorised by the Dlrectors al 8 grants meeting. which tskes place once 8 year. after the a¢counts have been
approved arKI the18vd of Income known.
A¢hl•vMn•nts and porforni•nc•
a. Rwlow of xtlvltl•B
The Stalemenl of financi81 oGlivities set out on page 8 of the fin8ncl81 statamonts Shovo how th8 Fund'i
incoming resour¢es have baen expended in the year ended 5 April 2025.
The Balance Sheet set out on page 9 of the flnanci81 statements Shows the financigl of the Fund at S
ADril 2025.
P4e2

J E J08EPH CHARrrA8LE FUND
TRUSTEE'S REPORT (CONTINUED)
FOR THE YEAR ENDED 6 APRIL 2026
Achlevem•nt8 and porformanG• {contiTru•d
b. Inva8lmgnt pollcy and pfrrformanc•
Th6 capital of the Endcwment Fund t8 Invest￿ under a power of totsl retum commencing on 6 April 2022. The
Director8 consider vari8bility of inve¥lment returns on the Endowment Fund lo ¢on8tilule the charitys major
financial risk. The Directors have resolved to manage the pemianenl endowment fund on a lolal return basis,
under Section 4 of the Tru$ls (Capital and Income} Act 2013. which amended th8 Charities Act 2011. allowing
them to use a total return approach in relatlon lo these investments. The Directors con8lder that the use of a total
return 8pproaGh will slabilise the rewurces avai18ble for grant making, thgreby facilitsting longer tem grants and
a more stable number grants bul th8 Dire¢tor8 also take account of tha outlook ft)r Investment returns Ind keep
thg le¥el of grants under revthv.
The Director8 confimi that..
In idenlifylng the valu8 of the portion of the Endowment Fund that repT88ented unapplied tot81 return, th8
Directors first identified the value of the inlllal foundlng gift in 1939 of £75,000; and
- when determinirvJ the amount of un8ppl￿d totsl return lo tran6fer lo income the DirectOT8 have con$ld8fed th
amount of in¢tsme requlred to malnt8in the current level of ¢haTitablo ath'vty, Ihe likely benefit8 to future
generatsons, and the likely needs of future ben8ficiario$; and
when roa¢hing their decision as to tho unappliod total retum to transfer to incom8, the Directors have taken
profession81 advlce frcffl their inve$lment th¥or8 regardlng the market outlook, investhant tronds and yi$ld and
the prospect lor future capital growth.
Our inve8tmenl advisor8 (Caz8nove Capltal. Can8ccord Wealth and ARR 5nvosknenl Partnernl are Instructed to
invest to maximise the total retum on Endowment Fund$ within the con$lraints of a medium to low rl8k
Investment portlollo.
Within the portfollo. allocallons to fixed income. absolute relum, cash and gold h8v¢ helped offset the negative
equ￿ retums while maintaining a spread of manager by style and $èleclion. The Director$ are confident that the
Investment values will rebound following an increase In consumer confidence after the year-end.
Fln•nGlal r•vlow
. Golng ¢onc•m
The income of the Fund16 almost entlrely dgrived fr(Jm in¥e8tm¢nts hold by an investrnent portfollo managgd by
our investment 8thisor8. The inve51manl Portf￿10 holds a diverse range of investments whith ￿duce the
investment holdlng risk. The DiT¢Gtors are also aware of the possibility of reduced dividend and interest Income.
Theie are however signrficant unrestricted fund8 ¥vall8ble and thoy ¢on6ider that the Fund would continu6 to
megt its obligations as they fall due.
The Directors therefore conslder that there are no mateii81 uncertaint￿3 concerning the Fund's ability to continue
as a going concern.
Paga 3

J E JOSEPH CHAR￿ABLE FUND
TRUSTEE'S REPORT (CONTINUED)
FOR THE YEAR ENDED 6 APRIL 2025
b. Re•orves pollcy
The fr8e rasepmg of the trust as at 5 April 2025. which are tho unrestricted frjnds, amounted to £135,621 (2024..
£142,124}. It is the policy of the Trust to 8lkJcate grants within nine months of the accounts for the previou8
financi81 year teing approved, up to a levol in line with the unrèstricted di$lrlbut8ble income funds sh¢)wn In those
accounts. The Dlreclors consider that a Iwel of nine months is suffi'cient given the flexibility afford8d by the total
reluTn approach towards the inve$tment of the pernanenl endowment foi which the Directors have resosved lo
transfer 3% year on year from the portfolio value of the endowment fund to unreslrictsd fund$. Thereby there will
a￿ayS be sufflci8nt funds to ¢over management, admlnistration and support Costs and to respond lo emergency
applications for gfants which arise from tsme to tlme.
The charity held end￿ment fund8 of £5,613,403. 8 decr8aB8 on last ye•ls £5,867,272.
c. Fln•ncl•l rb•k manag•m•nt obJ•cllvM •nd polkl••
The DlrectOfJ have 8s8eswg the major rf8k8 to wtblch the Fund 18 exp)88d, in particular th080 relatad to the
operation8 and finances of the Fund, and are 8atisfi•d that 8y8twns and procodur68 are in place to miti9ats our
OXPO8ur8 lo Ihè major ri8k$.
Slrudur•. gov•rn•nco and manaq•m•nt
*. Con•titutlon
Tha trust W85 founded by will proved wllh a ¢odlcll thorelo Sn tho Prfncpal Roglstry on 29 Augu8t 1946, In
aGcordance with the wi8hes of Mr Joseph Edgar J08eph {1882 - 19461. It 18 a r•gistér8d charty.. No. 209058. In
1994 the Sophla Jo8oph Fund lor Jerusalem, founded in 1961, was 8malgomate(I with tha Fund.
In 2019. the tharity completed the setting up of tho Corporate Trustee, J. E. Joseph Tru8te8 C￿￿panY Limited,
as Trustee of the J. E. Joseph Ch8rllable Fund. The new company had been wistered with Companies House
on the 6 June 2018 and inGorporaled as pr￿al@ limited company. Throughout the proces8, the Fund was guided
and advised by Womble Bond Dickinson, an e8labli5hed firm of solicltors with much 8xpgri6nce in Ihify field. The
Twstees of the Fund had been seoking to reslruclure the Chanty in order lo ensure that the asse18 can be held
efficiently ond the trustee body benefits from limitsd liability. The individual Trustees were no longer Trustees of
the Fund but wère instead appointed a8 Dlrectors of the Corporate Twslee. which itself had been appointed 88
the sole Trustee of the Fund. As stated. it was necessary to updaté the Fund's slwclure in the light of ils growing
tsize and the new legis18ti0n introduced by the Charity C'.ommission, with regard lo data protection, charity grant
awaTd8 8nd Trustae liakn'llty. The Corporat6 Trustee itself has a £nll balan¢a sheet and has filed dormant
company accounts for the year to 5 April 2025.
b. Pl•thod• of appolntffl•nt or eloctlon olTru•ts•
The management of the Fund is the fesponsibility of the Directors of th9 Corporate Trustee who are elected and
Copopled under the terms of the Trust deed. The Fund's recnjitment needs are considered wtth the nominating
bodies as needed. The adminlslralion of the Fund is dealt with by its secretary in consultstion with the DiTe¢lor8
of the Corporate Trustee. There aro no ern￿OYees. The Directors meet regularty, as needed, reviewing its
investment stfalegy gnd aulh0ri5ing all grants. The Fund18 aware of the nged to proviJ8 training to its Directors
as consid8red nec888ary.
Page 4

J E JOSEPH CHARrrABLE FUND
TRUSTEPS REPORT (CONTINUED)
FOR THE YEAR ENDED S APRIL 2025
St*•mont of Trustse'• responslbilltle•
The Directors of th? Corporate Tru$tse Clhe Dir¥tor8") aro responsible for preparing the Tru81ee's ReFL)rt and
the fin8nckql statements in accordance with applicable law and United Kingdom kcounting Standards (Unibj
lQ'ngdom Genwally Accepted Accountlng PraGliG81.
The law applicable lo chafilies in England & Wales require8 the Directors of the Corporate Trustee f'lhe
Direclor8"I to prepare financial slat8ments for each financial wh¢ch givè 8 true and fair view of the state of affairs
of the Charity and of its incoming fesources and application of resources, including its in¢orn& and expenditure,
lor that perM)d. In preparing th888 financial 8tatement8, tho Directors of the Corp)rate Trustee Iyie Directors")
are required lo:
Bel8Ct suitsble accountlng pollcies and then apply them consistently,.
ob8erve the methods and principles of th8 Charitles SORP {FRS 1021,.
ludgments and accounting esllmat88 that ar8 T8860fbable and prudent,.
8tate wh81haf applicable UK Accounting Standards (FRS 102) havg baan folh)w¢d, 8ubje¢t to any mater181
departures dlsclosed 8nd explained in the financkql 8tatements.'
prepare the financial Statements on the golng con¢0m basis unle88 It 18 Inapproprlats to presume that the
Charity will conb'nue in busine88.
The Director8 of the Corw)r8te Trustee Clhe Dire¢tor8') 8re regpon81bl• for keeplng adequ*è accounting
records that are Suff￿lent to Show and explain the CharityB tr8n88clion8 ond diBdose with ￿aSOnable aG¢uracy
at any tlme the financi81 position of tho Charlty and ènable them to ensure that th8 financial ststements comply
with the Charities kt 2011, the Charity IA¢counls and Reports) Regulations 2008 and thg prowsions of the Twst
deed. They aro also responsible for safaguarding the assets of the Charity 8rMI henc8 for tsklng re880n8bla
$lep8 for tho prevention and detectlon of fraud and other irrogularib'e&.
Approved by order of the member8 of the t*Jard of Directorn of the Corwrsie Tru8ts6 {Yhe DirKtor8'1 and
signed on their behalf by..
R•prnBgntative• ol
J. E. Jo••ph TN8t•e Cornp•ny Llmlt•d
Trusteg
Date.. I q 102S
Page 5

J E JOSEPH CHARITABLE FUND
INDEPENDENT EXAMINER'S REpoKr
FOR THE YEAR ENDED 6 APRIL 2026
Ind•pondent Examinefs Report lo th• Tru8t•• olJ E Joseph Charltabl• Fund llh• Charlty.)
I rep)rt to the charty Tru8ts9 on my eX￿InatiOn of the accwnts of tha Charlty for the year onded 5 ApTII 2025.
R•8pon8lbllttles and Ba•h of R•port
As the Trustee of thè Charity are re8pon$lbie for tho prwration irf tha accounts in accordance thg
requir¢ments of the Charltie8 Act 2011 {'Ihe 2011 Art).
I report In re8peGt of my examination of the Charty's aGcounls carried out under section 145 of the 2011 Act and
In ¢8rrying out my examination I have followed the applicable Dire¢tlons given ty the Charty Commi88ion under
8act￿n 145{5llbl of the 2011 Act
Indop•nd•nl Ex•mln•rf• Stat•m•nt
Your attention is drawn to th8 fact that the Chority has prepared the ac¢ounts in o¢eordance with Accountin9 and
Reporting by Ch8fllie8.' Statement of Racommended Practice 8pplicable lo charities preparing their accounts in
accordan¢a with Ihe Flnancial Reporting Standard applicable in thè UK and Republic of Ireland IFRS 1021 in
Pfefwence to the Accounting and Reporting by Charities.. Statement of Recomm•nded PTadcè i88U8d on 1 April
2005 whl¢h IG reforfed to in th8 extant regulations bul has been withdfawn.
l understand that thi8 hos bwt dono in order for thg accounts to provide 8 true and falr vlew In accordanc6 wlih
the Genorally Accepted Accounting Practic6 effective for reporting p8rfod8 beginnlng on or after 1 January 2015.
I have completed my examinalion. I confirm that no matter8 have corne to my attontbn In connection wlth thfj
Oxamlnatlon giving me c8U8e to believe Ihal In any mgterkql respect
accounting re¢ords wero not kept In re8pect of the Charity 88 required by sectlon 130 of the 2011 ACL. or
the accounts do not accord with those record8'. or
the accounts do not rJJmply with the applicable requlrements concemlng the form and ci)ntent of
accounts sot out in tha Charitie$ {Accounts and Reports) Regulations 2008 other th8n #ny requirement
th81 the accounts glve a Iwo and fairf v￿W thIGh Is Tr)1 a matter con$idwed as part of an independent
examination.
I have no ￿TbCoM and have como across no olher mattar8 In ￿nnectIOn with the examlnation to wh
attention should bo drawn in this report in order to enable a prop8r under8tanding of the accounts to re8ched.
Page 6

J E JOSEPH CHARtfA8LE FUND
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED S APRIL 2025
This report is made solely to the Charity's Truslee, as a body, in arcordance wth Part 4 of the Chartties
{Accounts and Reports) Regulations 2008. My work has been undertaken so that I might State to the Charity's
Trustee tho¥e matters l am required lo state to them in an Independent Examin8rf8 Report and for no other
purpose. To the fullest extent permilled by law, I do not accept or assume responsibility lo anyone other than the
Charity and the Charitys Trustee as a body, for my work or for this reporL
Signed:
H Young
Soph•r + Co LLP
Chartered Accountants
5 Elstree Gale
Elstree Way
Borehamwood
Hertrordshire
WD61JD
Dated. 2114111015
ICAEW
Page 7

J E JOSEPH CHARITABLE FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2025
Unrastrlctgd Endowm•nt
fund•
fund•
2025
2025
Total
funds
2026
Total
funds
2024
Income and •ndowm•nts from:
Investm•nt8
136,119
136.119
126.381
Tot•1 In¢om• and •rtd¢)wm•nts
136,119
136,119
126,381
Exp•ndltur• on:
Raising funds
Charitable a¢￿￿tleS
10,465
178,769
24,066
188,172
178,769
Totsl •xp&ndltur•
178,769
26A5S
210.238
Net {expondllur•inn¢om• befor• n•t
(loss￿119•In• on invo•tm•nts
Net {IoB808ygains on knv88tments
(178,769)
110,684
1192,28n
188,106)
(192,26n
183,8571
358.909
N•t lexp•ndlturnylneom•
Transfers be￿eert funds
(178,769)
172.268
181.603
{172,2661
1260,372)
275.052
14
N•t mov•m•nt In fund•
(6,503
1253,869)
(260,372)
275,052
R•con¢lllatlon of fund•:
Total fund8 brought forward
Net movament in furKI8
142,124
16,503)
6.867,272
(263M69
6.009,396
1280,372)
5.734,344
275.052
Total fund• earrf•d fmrd
136,621
6,613.403
0.749,024
8,009,396
Tho Statement of Flnanclal Activities includes all gain6 and105888 rectrJni8od In the ￿r.
The notss on pa9e$ 10 to 20 fi)mi part of the88 finonual Statements.
P￿98

J E JOSEPH CHARrrABLE FUND
LANCE SHEET
AS AT S APRIL 2025
2025
2024
Not•
Fix•d •8•0ts
Investments
Curr•nt *Met•
10
5,742,192
5.970.276
Debtor8
Ca8h at bank and In hond
11
5,173
8,309
S,024
38.896
13h82
43,920
Curr•nt Ilabllltl•8
Credllorn.. amounts f8lllng due wrthln one
12
10.880)
{4.8(YJ)
Nal curr•nt •M•ts
6M32
39,120
Total n•t 480•ts
0,749,024
6,009.396
Ch•rfty lund•
Endowment fund8
Unrn8tricled fund8
14
14
6,613,403
130,621
6.887,272
142,124
Tot•1 lund•
6,749,024
6,009,398
The financial 8tatements wero approved and wthorised for i8sug by the TruJte8 and algr￿1 on thelr behaw ty.
Reprn80ntatlV￿ of
J. E. Jos•ph Tru•to• Company Lknit•d
Trustee
Ig CDIS
The notes on p8988 10 to 20 fonn part ol the#0 ffinancial $talementS.
Page 9

J E JOSEPH CHARrrABLE FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
O•n•r•l Infomi•lion
The J E Joseph Charitable Fund 18 a Reglstered Charlty in England 8nd Wales with charity number
209058. Its princry￿1 addross is 19 H8wI(esley Court. Watford Road. R8dW Herts. WD7 8HH.
Accountlng pollclo•
2.1 B••l• of prwrntlon of Iln•nchl •tst•monts
The financial $tatements havo been prepared in accordanGg Wth the Charitk8s SORP (FRS 1021-
Accounting and Reporting by Charities.. Slatement of Recommended Practice applicabl8 to charlties
preparing their accounts in accordance with the Fin8nclal Reporting Stsndard applicable in the UK
and Republ￿ of Ireland IFRS 102) leffeclive 1 January 2019}, tha Flnancial Roporting Standard
applicable in the UK and Republic of Ireland IFRN¢> 1021 and the Charitles Act 2011.
Th8 financial $t8tements have been prepared to give 8 'tnJe and fairf view and have departed from
the Charities IAccountB and Reports) Regulations 2008 only to tho extent required to provide o 'lrue
and fairf view. Thi8 deporture has Invow following the Charities SORP IFRS 102) publlshed in
October 2019 rather than the AcGounting and Reportlng by ChaTitie8'. Statement of Recommended
Pfacllce eff￿tIve from 1 April 2005 whlch h08 Slnce been withdrawn.
J E Joseph Charitable Fund m•ots the deflnilion of a publlc benefit entity under FRS 102. A8set8 and
liabilit￿ are inilidlty recognwd at hi8tori¢al cost or transaction value unles8 Otherw18e stated in the
relèvant ac¢ounting polw.
2.2 Incom•.
All income 18 Tg9)gnised once the Charity has entitlement to tho incom¥, it is wobable that th•
Income wibl be receivtrj and the amount of incAime receivabb can maasuT*J rellably.
Olvidend arKI other irwe8tment Income 18 reGogni8ed on an accrual¥ ba818 once the Fund is entilled to
its recelpl. Income t8x recoverable in relat￿n to Investment income 18 rec<>ani8ed at the time the
Inve8trnent Income 1$ reCe￿abl•.
2.3 Exp•ndllurn
EXpendI￿re1& r8cogni8ed once there18 8 lag81 or construdve ob11p￿On to transfer economic benefit
to 8 third paty, it 1$ probable that a transfer of econom￿ banefits will be required in Settlement and
the omounl of Ihg obllgation ean be measured reliably. Expenditure is cl8ssffied by aCti￿ty. The costs
of each aCti￿ty are made up of the total of direct co¥ts and shared costs, including support Costs
Invow In undertaklng each activity. Direct costs attributable to a single activhty afe allocated diredy
to that 8ctivlty. Shared costs which contribute to more than one 8¢tivity and support costs which ara
not ottributablg to a slngle acbvity are appothned bets¥e8n those act￿tleS on a basis ¢on818tent with
the u8e of resources.
Expenditure on raising funds indude5 all expenditure incurred by the Charity to r8i5e funds for its
charitable purposes and includes costs of all fLÈndraising actNities events end non4haritable trading.
Expenditurg on charitable activities i8 incurred on directy undertaking the activities whlch furth6r the
Charity's objectives. as well as 8ny associated Support cosls.
Page 10

J E JOSEPH cHAR￿ABLE FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Ac¢ouffttlng policim Icontlnu•d
2.3 Expendlture (¢ontlnuod)
Grants payable arè charged in the ygor when the offer18 made except in th08? Cas88 where the offer
is conditsonal, such grants beiThJ recognised ag expenditure when the conditions attaching are
fulfilled. Grants offered subjed to conditions which have rK>t been met at the year end are noted a8 8
commilm6nt. bul not accrued as expenditure.
All expendlture Is inclusiv• of irreLOVOrabla VAT.
2.4 Intsr••t Mc•lvabl•
Intere8t on funds held on deposit is induded whon receivable and the arn￿nt can be measured
reliably by the Charity.. this 18 nonnalty upon notffication of th6 int•re81 pold or payable by the
insliluli¢X with whom th8 funds are deposSted.
2.S Inv••lm•nt•
Fixed 888et Invesbnenls aro a fom of financlal In8trument and 8r• Inibalty recogn188d at thoir
tran3aclion cost end 8ub8equenUy m888ured al fair value ot the Balance Sheet date, unle88 the value
C8nnot be measured reliably in which case it 18 m888ured 81 cost less unpaimienl. Inve¥trnenl gain8
and 10¥8es. whether realised or unrealised, are ¢omtxned and pre8ented as 'G•In￿(Lo83e8I on
inve8tm8nts' in the Statement of Flnanckgl Act￿￿188.
Inva8tmenl8 held a8 flxed as8￿ aro shown at co8t1888 provi8ion for Impgimiwt
16 Ca•h •t bank and In hand
C98h at bank and in hand in¢ludes cash and 8hort-term hlghty Ilquld Inv￿lmentS wlth a short maturty
ol three months or less from Ihe date of 8cquisltlon or opening of the deposit or simiLqr 8cGount.
2.7 Lhbllltlm and provl•lon•
Llabililie8 are ieccgnised when ther& 18 an obligation at the Balance Sheet date as a result of a past
•vent. 1118 probab￿ that a transfer of economic tenelit wlll Èe required in setttemont. and the amount
of the settlement can be 881imatsd reliabty.
Llabllitie8 are recogni8ed at tho amount that the Charity 8ntkip8teB It ¥￿11 pay to 80tUe Ihg debt or th•
amount it h8# raceived as advanced payments for the wds or 8ervica$ it must W0￿de.
Page11

J E JOSEPH CHARThABLE FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Accountlng pollclm (contlnu•d)
2.8 Fln•nclal In•trumonts
Th8 Fund ha# elactod to appty Secticrn 118Th112 of FRS 102 in resFeGt of financ￿1 instruments.
Finan￿81 assets and ffinaftcial 118bilitsg are recogni5ed when the Fund becomes party to the
Contrac￿81 provision$ of the instrument.
Financial Ilabllities and equity bnstruments are classified according to the sub8lan¢e of the contractual
arrangements ent6red into. An equity instrument is any contract that evidenGg8 8 resKlual interest in
th8 a868ts of tho Fund aftor deducting all of 118 liabillb68.
Thg Fund'$ pol￿10￿ fty ￿ major clas808 of financial aB88ts aThJ firkinclol Ilabilitss or• set out b81(Ml.
Flnan¢lAI aB••t•
88$k finandal a88èts, Including other dgbtor8, ca8h and bank balan¢88 ar8 In￿alty recognised at
trarssaction price, unl￿$ the arrangement constitutes a finanGlng tran8xlion, where the tran88ction
is measured at the present Value of the future receipts discounted al a market Tate of interest for ?
8hnilar dgbt instrument Financlng transactions are those in whlch paymont 18 defgrred boyond
nomial bu8lne6S tem)$ or 18 flnanced at a rate of intere8t that i• not 8 market rot•.
Such 888ets are 8ub8equenlty caffled at amortl8ed cost U5uig the effectivo InlereBt methtyj, 18$8 any
ImpAlrmenL
Flnanclal Il•blllllo•
Bask fin8n¢lo1 liabllitO88, Indudlng other creditors aro initlally rewn18ed at tran88ction pTic•, unle89
thè #rrangement ¢on8titute8 a financlng transaction, where the debt instrument 18 measured al the
Present value of the future payments discount&J at a market rale of Interest for a similar debt
In8lNmenl. Financing tran8actionF are those in which payment18 deferred beyo￿1 normal business
temis or 16 flnarKed at a ratè of inler88t that 1$ not 8 market iats.
Debt instrument8 are SUb￿qUentfy Carried at amorti88d co8( u6ing the effactlve IntereBt ral• method.
Impalmfrnt of flnanclal a••ots
Finandal 888ets mea#ured at CO8t and amortised cost are a$8e88ed at the end of reporting
period for objectlve evidenco of impaimienL If objeclwe ev*Jence of Impaimient 18 found, an
Impalmient ioss is r8cogni8gd in the stslemenl of financial 8ctivili88.
FOT financial assets measured at C08t 19$5 impaiment. the Impaimenl 1088 is mèasured as the
dlfference betsveen the assefs carying amount and the b8St estimate of the amount the company
would receive for the asset rf it were to bo sold at th8 reportlng date.
For finan￿al assets measured * 8mortIs￿ cost, the impaimient los$ is Measu￿ as the differen
betrmen the asseys carrying amount and the pre¥ent value of estlmated cash flows diswuntad at the
a$sefs orvJinal effect￿8 inbre51 rate. ff thg financkql asset has a variable interest rate. the discount
rate for m&q8uring any impal￿9nt 1088 is the current effth interest rate detemined under the
contracL
If there is a de¢rease in the irnpaim7ent Ioss arising from an event occurring after the impairyn¢nt wa¥
recognised. the impaiment is reversed. The reversal is such that the current carying amount doe8
not exceed what the carrying amount would have bgen had the impaimient not previously been
recognised. Tha impaimient reversal 56 recognised in the statement of financial aclivities.
Page 12

J E JOSEPH CHARrrABLE FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Aecoufttlng pollclM {coThtlnued)
2.8 Fln•nclal InBtrumonts {contlnu•d)
D•rncognltlon of fin*ncl•l a•sots and fln•ncl•l Ilabllttl•B
Financial 888et8 gr8 d8recogni60d when la) th8 contractual rwJhts to the cash flow8 from tho 888et
expire or are Settled. or Ibl Substantially all the risks and rewards of the ownership of the as8el are
transferred to another paty or {c> despite having retained some significant Tisks and rgwards of
owner8hip. control of the asset ha8 been transfeTred to another party who has the practi¢al abilty to
uniLgterally Sell the 858et to an unrelated third party without Imp081ng 8dditKJnal r8Strt¢tion8.
Financial liabllitl88 are d8recogni8ed when the liabl1￿ 18 extinguished, that 18 when the contractual
¢bligation1s d18ch8rg8d, ¢ancellgd or expires.
Oll••ttlng of flnanclal 1•8•t• and flnancl•l lknbllltl
Flnanci8188sats aThJ Ilabilitie8 8ffj offset and the net amount roported in the balance sheet when
therè18 an enforGeable right to set off the r￿OgniSed amounts and ther• 18 an intention to 8OtUe on a
net basls or lo re8lisè the a888t and 8ettle the liability 8imultanoousty.
2.9 Fund •c¢ountlng
Gener81 funds are unr88triGtgd funds Ithich are Available for use 8t the d18cretion of the Tru8tee in
furthefan¢6 of the ggneral obl￿tIVa8 of the Charity and which have not bg8n designated for other
purp08e8.
Investment in¢ome, gain8 and108888 are allc¢atsd to tho approprth fvrld.
2.10 P•mian•nt •ndovffli•nt fund
The charity has a slngle permanent endowment which 18 managed on a tolal ffjtum basis. Th8
Dlrector8 havg re8ofved lo Iran8fer 3% year on year fftxn the ￿lift>ll0 value of thè endowThtrnt fund to
unrestricted fund8.
Inv8•tm•nt Incom•
Endowment
fvnd$
2025
Total
fund•
2025
Total
funds
2024
Dmdends and fixed income wurflie8
Intare8t on dèposits
133.129
2,990
133.129
123.854
2,527
136,119
136,119
126,381
P4*13

J E JOSEPH CHARITABLE FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Inv••tm•nt m•n4gem•nt coBts
Endowmont
fund•
2026
Total
fund*
2025
Tota
fvnds
2024
Investment management fees
25.455
25.455
24,088
An•ty•l• of •xp•ndltur• by actlvltl•8
Gr•Tht
fundlng of
•ctlvltl
2025
Support
Total
fund•
2026
Total
funds
2024
2025
Hom•- General
Home- S¢hoo18
Far Ea•t
18rao11
94,500
9,000
5.oIyJ
49,000
13.001
1,181
656
8,431
107,801
10.181
5,656
06,431
110,832
3,569
5,948
86,023
157,500
21,269
178.769
186,172
Total 2024
158,500
29.672
186,172
Anaty•l• of gupport co•ts
Hom•-
Gen•r•l
2026
Hom•-
School8
2025
Tot•1
fund8
2020
Totsl
lund8
2024
Far E••t
2025
r¥911
2026
Share of ¥upport
8,325
793
4.317
13,875
18,5(M)
Share of
govemance ¢0$ts
4.876
388
216
2.114
7,394
11,172
13,001
1,181
656
6.431
21,269
29,672
Total 2024
17,632
569
10,523
29,672
P8ge 14

J E JOSEPH CHARITABLE FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Anaty8i• of gr•nt•
Grants lo
In8titutlon6
2026
Total
fund8
2024
lund•
2026
Home- Ganeral
Home- Schools
Far E88t
Israell
94,5
9.000
5,000
49.0(M)
94,100
9.01)0
93,000
3,000
5.000
55,500
49,000
157,5
157,500
156,500
Total 2024
156,500
158.500
Ind•p•nd•nt •x•mln•rf• v•mun•rntlon
Tho indyndent examlnotrs romun8ration amount• to an Indep8ndent examkner feo 01 £8,000 (2024 -
£4,800).
There were no •mploye88 under contracts of employment durfng th8 year or th8 prior year.
No ompw ro¢elved mmuneration amounting to mor• than £eo,OOD in either ￿r.
Tru•to0'v r•mun•fatlon and oxpon•
During the year, Trustees rnceived ary remunerat)on or other bondli8 (2024- £NIL).
Durlng tho year 5 April 2025, no Trustee exp8n8es ha¥8 been incurred {2024- £NIL>.
Page 15

J e JOSEPH CHARITABLE FUND
NOTES TO THE FINANCIAL 8TATEMeNT8
FOR THE YEAR ENDED 6 APRIL 2025
10. Fix•d ••8•t InvHbn•nts
C••h hold In
List•d Invostment
portlollo
Totsl
Co•* or valu*tlon
At e April 2024
Addl￿On5
DIBpotya18
Revalua16on8
Gauh movemen18
0002A72
0,269,931
10.613,792)
1146.341)
187W4
5,970,276
6,269.931
15,613,792)
{14&3411
261,118
281,118
At 5 April 2025
6.313,270
428,922
5,742,192
N•t book valu•
At 5 April 2025
6,313,270
428,922
5,741192
At 5 Aoril 2024
5,802,472
187,804
5,970,276
Page 18

J E JOSEPH CHARrrABLE FUND
NOTES TO THE FINANCIAL STATEMEP
FOR THE YEAR ENDED 5 APRIL 202S
11. D•btorn
2025
2024
Due wlthin on• y•ar
PrePa￿￿ents and aCcr￿d incom•
5.173
5,024
12. Cr•dhor•: Amoun1• f4111ng due wlthln on• year
2025
2024
Acciual$ and deferrod Inc%)me
6.660
4,800
13. Flnanclal In•trum•nt•
2026
2024
Fln•ncl•l *•••t•
Finanryal a8sel8 m088ured at fair value through Income and experKlllure
6,313,270
5,802,472
Flnanci81 a88ets m688ured at f8ir value through IncLwne and expen1th￿re cornpri8• lisled Investments held
wthin an inveslmenl port101￿.
Page 17

J E JOSEPH CHARITABLE FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2026
14. Stat•mgnt of fund•
st•t•m&nt of fvnds- CUTr•nt y••r
Balanc• at 6
Aprfl 2024
Tran8f•rn
Inlout
O•ln•l B*lanc• at 5
{Lo80•8) Aprfl 2026
In¢om• Exp•ndlturn
Unrnstrl¢t•d
fund8
Gener81 Funds-
all fund8
142,124
11n,769)
171286
135,621
Endt>wm•nt
fund•
Endo￿Trent
Fund8- all funds
5,867.272
136,119
125,458> 1172266) (192.287) 6,613,403
Tol•l ￿ fund•
6,009.398
136,119
1204.224)
(192,2671 5.749,024
8t•t•mont of fund•- prlor ymr
Balance at
1 Apfil 2023
Tran8fer8
inlout
Ga1ft￿ Balan¢9 al
IL0s888} 5 April 2024
Income Exp￿ditUre
Unre•tri¢t•d
fund•
General Fund8-
811 funds
149,188
1186,172)
179,108
142,124
Endowm•nt
fund•
Endoynnent
Funds- all fund8
5,585.156
128,381
{24,068)
1179,108)
358,909
5,867,272
Total of funds
5,734,344
126.381
(210,2381
358,909
6,IY)9,396
Pag8 18

J E JOSEPH CHARITABLE FUND
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 6 APRIL 2025
l& Ana￿1• of n•t •s••ts b6tweM fun
AMty818 of n•t a880ts b•tw•on fuDd•- curront year
Unrootrl¢t•d Endowm•nt
fund8
lund•
2026
2026
Totsl
fund8
1025
Fixod 888et Inve•tments
Current 088ets
Crodltorn due *Athln one ytsr
133.962
8,309
(6.850)
5,608,230
5,173
0,742,192
13A82
16,680
Total
135,621
5,613.403
8,749,024
Analy•l• of n•t a•••t• b•tw••n fund• . prlor ymr
Unrejlrlcted Endomnent
fund8
fund8
2024
2024
Tt)tsl
funds
2024
Flxed aB8et Inve8tmonts
Curient
Cr•dltorn du? wlthln one year
108,028
38,896
{4,8rxs>
5,862,248
5,024
5,970,278
43,920
(4,8001
142,124
5,867,272
6,009,3
Tol•l
Page 19

J E JosepH CHARtfABLE FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
16. R•lat•d party tran￿otIon8
During the yeor, a grant payment of £5,000 12024 - £5,000> was made to the Spanlsh and Portuguese
Synagogue Welfare 808rd, which Is the nominating b)dy of S Kendal and M Sabah.
During the year. a grant paymènt of £9.000 12024 - £9,000) w88 m8de to the 8riti¥h Friend8 of Shalva,
and o grant paymenl of £5,000 12024 - £5.0001 w88 made lo UK Friends of Parde8. J H Corre i8
Truste& of both thfjsè charits"68. The wife of R Shemtob also 8orved as a T￿￿ts6 of the Br￿'sh Friend8 of
Shalva up until January 2025.
During th6 year, 8 grant pasTh8nl of £6.500 (2024- £8.$00) wa8 made to MANW of which M Sabah
serves 88 a trugtee.
During the year. a grant payment of £3,WO12024 - £3,000) was made to Tif8rot Eyal Synagogue, of
whth A Slmon 8orv88 ag a Tru8te8.
During tho yo8r. a grant payment of £3,000 (2024 - £3,000) wal made to Tho Wtxk Avonue A880¢1ation
of whth S Pack serves as a Tru8te8.
Durfng the year, 8 grant pgyment of £3,IJOO wa8 m•Jè to tho JFS Foundatv)n of whkh S Pack seN•d 88
Tru8tee.
The Individu018 list•d abovè 8150 serve 88 Dlrectors of Ihe cor￿rat0 Tru8teè, J. E. Jo8¢ph Tru6tee
Company Limited.
17. Controlllng party
The controlling parent Is J. E. J059ph Trustee Company Limlted, o eompony limitsd by gu8rantee
18lered in England and Wales. Its registered office is 19 Hawkesley Court. Watford Road. R8dletL
Herts W07 8HH. The Company 18 dormant and acts as a Corporate Trustee lo the Fund. The company 18
entitled to exemption from preparing consolidated financial slalements under $383 of the Companie5 Act
2006.
Pagg 20